The focus now shifts to the United States and parts of Europe, where hopes are pinned on stronger factory activity to offset the global downdraft from China. China reported on Monday its official manufacturing Purchasing Managers’ Index (PMI) edged up to 50.2 in May, from 50.1 in April and creeping back into expansion territory. A separate survey showed growth in China’s services industry cooled in May, with the non-manufacturing PMI slipping to 53.2, from 53.4.