China policy and markets round-up: May economic activity weaker than expected, Beijing tightens grip on after-school tutoring, Huarong AMC to sell stakes in seven units

In this round-up, the major indicators for economic activity in China disappoint, the after-school tutoring sector in the Mainland faces a clampdown, and indebted China Huarong Asset Management Co is reportedly looking to raise cash by offloading its holding in seven different units.