China’s factory activity contracted at a slower rate in May after a reprieve in the tariff war with the US unclogged trade flows, even as weak domestic demand continues to weigh on the economy.

President Donald Trump has accused China of “totally violating” its trade agreement with the U.S.

"The United States did exactly what it was supposed to do and the Chinese are slow-rolling their compliance which is completely unacceptable and has to be addressed," Greer said.

Trump accused China of violating its agreement with the U.S. in a heated social media post.