China on Friday tightened oversight of the country's 23 trillion yuan ($3.40 trillion) private fund industry, ​in a bid to reduce financial risks and channel ‌money into technology innovation and emerging industries, Reuters reported. China's securities regulator said it would raise the bar for private fund registration, crack down on illegal ​fund activities and encourage long-term "patient" capital to support tech-focused ​venture capital investments.

The EU's trade ​and investment relationship with China is "not sustainable", the European Commission said on Friday, vowing a stronger response as commissioners ‌discussed how best to shield Europe's industries from surging Chinese imports, Reuters reported. Commissioners were pitching ideas ahead of an EU leaders' summit on June 18 to 19, and possible proposals could include forcing EU firms to diversify supply chains or introducing new trade mechanisms to curb China's access to the EU market in chemicals, metals and clean ​energy technology.

China’s government moved to tighten scrutiny over outbound investment, hardening the geopolitical fault lines around artificial intelligence amid an intensifying technological rivalry with the U.S., the Wall Street Journal reported. The new rules, which China’s cabinet, known as the State Council, approved in April and which were published Monday, are part of Beijing’s playbook to prevent technology it views as critical to its national security from seeping beyond its borders.

China's ​factory activity stalled in May as new export orders contracted and input costs kept rising, an official survey showed on Sunday, ‌adding to concerns the world's second-largest economy is losing momentum despite pockets of strength in services and high-tech manufacturing, Reuters reported. The official manufacturing purchasing managers' index (PMI) dropped to 50 from 50.3 in April, matching the forecast in a Reuters poll of economists and straddling the 50-mark separating growth from contraction, according to a survey by the National Bureau ​of Statistics (NBS).

“Made in China” is becoming “made by China”—all over the world. Faced with higher Western tariffs and weak demand at home, many Chinese factories are moving abroad, making everything from appliances to automobiles everywhere from North and South America to Eastern Europe, the Wall Street Journal reported. More Chinese companies could be coming to the U.S., after President Trump and Chinese leader Xi Jinping reached a deal in Beijing this month to establish a new bilateral “board of investment.” Yet many leaders, especially in the U.S.

Chinese officials are intensifying efforts to tax offshore trusts that hold shares in some Hong Kong-listed companies, clamping down on a structure that the country’s mega-rich have used to invest billions of dollars overseas, Bloomberg News reported. Authorities in provinces and cities including Jiangsu and Shenzhen have demanded the owners of these trusts report detailed financial information including investment gains from dividends and share disposals, according to people familiar with the matter.

China's industrial profits in April grew at the fastest pace since November 2023, despite financial pressures stemming from softening domestic demand and rising component costs exacerbated by ‌the Middle East crisis, Reuters reported. The latest data adds to signs of an uneven recovery, with the economy ‌largely losing momentum at the start of the second quarter. While exports have remained a rare bright spot, most other indicators have undershot ​expectations, leaving firms increasingly reliant on overseas markets for growth.

Liquidators for Evergrande Group, the failed Chinese property giant, are ‌seeking 57 billion yuan ($8.4 billion) in damages from PwC, accusing it of being negligent in its auditing work, a Hong Kong court was told on Monday, Reuters reported. Potential damages would come on top of hefty fines imposed on the global auditing group by mainland ​Chinese and Hong Kong authorities after Evergrande collapsed with more than $300 billion of liabilities, becoming one of ​the biggest casualties of China's property sector crisis.

China's growth lost momentum in April, with industrial output cooling and retail sales sinking to over three-year lows as the world's second-biggest economy wrestled with higher energy costs from the Iran war and persistently weak domestic demand, Reuters reported. Better-than-expected exports and China's domestic fuel-pricing controls have helped weather the energy shock, but ‌higher input costs threaten to squeeze already weak factory margins and further dampen consumer spending if the conflict drags on.