Shein, the fast-fashion giant originally founded in China and now headquartered in Singapore, is moving to recalibrate its global sourcing strategy. In partnership with India’s Reliance Retail $RELI , the company plans to significantly expand its supplier network in India and begin exporting Shein-branded apparel made in India to global markets within the next 6 to 12 months.

Adani Enterprises Ltd $ADANIENT.NS, the flagship firm of the Adani Group, announced a significant financial milestone as its airport subsidiary secured a $750 million loan facility from a consortium of leading international banks. This funding will be channelled through Adani Airports Holdings Ltd (AAHL), a key entity in India’s rapidly growing aviation infrastructure sector.

China's manufacturing sector contracted for the first time in eight months in May, signaling growing pressure from external trade dynamics—most notably U.S. tariff policies and a global demand slowdown. According to the Caixin/S&P Global Manufacturing Purchasing Managers’ Index (PMI), activity dropped to 48.3, falling below the neutral 50.0 mark and surprising analysts who had expected continued expansion.