China Factory Output Flatlines in May, Raising Concerns Over Economic Momentum

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China’s economic slowdown has been a key headwind for global risk assets; a turning point here would remove one major uncertainty. However, the survey is anecdotal and lacks hard data—markets are pricing extreme fear (F&G 11) and on-chain selling pressure, so even a positive confidence shift may take weeks to materialize in capital flows.

Jens Eskelund, President of the European Union Chamber of Commerce in China, stated that the chamber's latest survey indicates an 'inflection point' in business confidence.