Asia’s factory activity drops in May

Business Business: Asia’s factory activity declined in May. According to a private survey, production has also declined in major trade-dependent countries like Japan and South Korea. China’s manufacturing sector saw a decline in production for the second time in May, which is a matter of concern for economic growth. At the same time, the tariffs imposed on automobiles by US President Donald Trump have affected the exports of Japan and South Korea, leading to a decline in factory activity in these countries.