Business

An employee welds a water turbine at a factory in Jinhua, Zhejiang province May 23, 2013. China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing survey showed, entrenching fears that its economic recovery has stalled and that a sharper cooldown may be imminent. REUTERS/William Hong (CHINA - Tags: BUSINESS)

An employee welds a water turbine at a factory in Jinhua, Zhejiang province May 23, 2013. China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing survey showed, entrenching fears that its economic recovery has stalled and that a sharper cooldown may be imminent. REUTERS/William Hong (CHINA - Tags: BUSINESS)