From 16m ago Introduction: China’s May factory activity shrinks as tariffs hit demand Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Evidence is mounting that Donald Trump’s trade war is disrupting manufacturing activity around the globe. China’s manufacturing activity in May shrank at its fastest pace in two and a half years, according to the latest survey data, as firms were hit by a fall in new orders, and weaker export demand. The Caixin/S&P Global manufacturing purchasing managers’ index, released this…