Core Viewpoint - The monitoring of market prices for 50 important production materials across nine categories indicates a mixed trend, with 27 products experiencing price increases, 17 seeing declines, and 6 remaining stable as of mid-June 2025 compared to early June 2025 [1][3]. Group 1: Price Changes in Major Categories - In the black metal category, rebar prices decreased slightly by 0.7% to 3110.4 yuan per ton, while wire rod prices increased by 0.8% to 3270.2 yuan per ton [2]. - In the non-ferrous metal category, electrolytic copper rose by 0.2% to 78898.6 yuan per ton, while zinc ingot prices fell by 2.2% to 22165.7 yuan per ton [2]. - Chemical products saw significant increases, with methanol rising by 6.1% to 2267.6 yuan per ton and pure benzene increasing by 6.4% to 6272.0 yuan per ton [2]. Group 2: Energy and Coal Prices - In the petroleum and natural gas sector, liquefied natural gas (LNG) prices decreased by 0.7% to 4233.2 yuan per ton, while gasoline prices increased, with 95 gasoline rising by 2.3% to 8564.7 yuan per ton [2]. - Coal prices showed a downward trend, with anthracite coal decreasing by 5.6% to 863.7 yuan per ton and coking coal dropping by 3.3% to 1096.4 yuan per ton [2]. Group 3: Agricultural Products and Inputs - In agricultural products, the price of wheat increased by 0.1% to 2418.8 yuan per ton, while corn prices rose by 1.2% to 2339.0 yuan per ton [4]. - Fertilizer prices showed a decline, with urea prices falling by 2.1% to 1825.6 yuan per ton, while pesticide prices increased by 2.1% to 24342.9 yuan per ton [4]. Group 4: Monitoring Methodology - The price monitoring encompasses a wide range of products, with data collected from over 2000 wholesalers, agents, and distributors across more than 300 trading markets in 31 provinces [7][8]. - The methodology includes on-site price collection, as well as inquiries via phone, instant messaging, and email [8].

具体来看，5月份，全国火力绝对发电量为4615亿千瓦时，同比增长1.2%；水电量991亿千瓦时，同比 降低14.3%；核电量384亿千瓦时，同比增长6.7%；风力发电量917亿千瓦时，同比增长11.0%；太阳能 发电量471亿千瓦时，同比增长7.3%。 国家统计局6月16日发布最新数据显示，我国规上工业电力生产平稳增长。5月份，规上工业发电量7378 亿千瓦时，同比增长0.5%，增速比4月份放缓0.4个百分点；日均发电238.0亿千瓦时。1-5月份，规上工 业发电量37266亿千瓦时，同比增长0.3%，扣除天数原因，日均发电量同比增长1.0%。 分品种看，5月份，规上工业火电由降转增，水电降幅扩大，核电、风电、太阳能发电增速放缓。其 中，规上工业火电同比增长1.2%，4月份为下降2.3%；规上工业水电下降14.3%，降幅比4月份扩大7.8个 百分点；规上工业核电增长6.7%，增速比4月份放缓5.7个百分点；规上工业风电增长11.0%，增速比4月 份放缓1.7个百分点；规上工业太阳能发电增长7.3%，增速比4月份放缓9.4个百分点。 1-5月份，规上工业发电量37266亿千瓦时，同比增长0.3%。 分品种看，1 ...

Core Insights - In May 2025, the sales prices of commercial residential properties in 70 large and medium-sized cities in China showed a month-on-month decline, while the year-on-year decline continued to narrow [3][5]. Price Changes in New Residential Properties - Among the 70 cities, 13 cities saw a month-on-month increase in new residential property prices, with Hangzhou leading at a 0.8% increase [4]. - In first-tier cities, new residential property prices decreased by 0.2% month-on-month, with Shanghai increasing by 0.7%, while Beijing, Guangzhou, and Shenzhen saw declines of 0.4%, 0.8%, and 0.4% respectively [5]. - Year-on-year, first-tier cities experienced a 1.7% decline in new residential property prices, with Shanghai increasing by 5.9%, while Beijing, Guangzhou, and Shenzhen saw declines of 4.3%, 5.8%, and 2.6% respectively [5]. Price Changes in Second-Hand Residential Properties - In May, first-tier cities' second-hand residential property prices decreased by 0.7% month-on-month, with Beijing, Shanghai, Guangzhou, and Shenzhen experiencing declines of 0.8%, 0.7%, 0.8%, and 0.5% respectively [7]. - Year-on-year, first-tier cities saw a 2.7% decline in second-hand residential property prices, with the decline narrowing by 0.5 percentage points compared to the previous month [7]. Summary of Key Cities - Beijing: New residential prices down 0.4% month-on-month, down 4.3% year-on-year; second-hand prices down 0.8% month-on-month, down 0.7% year-on-year [9]. - Shanghai: New residential prices up 0.7% month-on-month, up 5.9% year-on-year; second-hand prices down 0.7% month-on-month, down 0.1% year-on-year [9]. - Guangzhou: New residential prices down 0.8% month-on-month, down 5.8% year-on-year; second-hand prices down 0.8% month-on-month, down 6.6% year-on-year [9]. - Shenzhen: New residential prices down 0.4% month-on-month, down 2.6% year-on-year; second-hand prices down 0.5% month-on-month, down 3.2% year-on-year [9].

分经济类型看，5月份，国有控股企业增加值同比增长3.8%；股份制企业增长6.3%，外商及港澳台投资企业增长3.9%；私营企业增长5.9%。 分行业看，5月份，41个大类行业中有35个行业增加值保持同比增长。其中，煤炭开采和洗选业增长5.5%，石油和天然气开采业增长5.3%，农副食品加工业 增长7.6%，酒、饮料和精制茶制造业增长4.1%，纺织业增长0.6%，化学原料和化学制品制造业增长5.9%，非金属矿物制品业下降0.6%，黑色金属冶炼和压 延加工业增长4.8%，有色金属冶炼和压延加工业增长8.1%，通用设备制造业增长6.3%，专用设备制造业增长2.3%，汽车制造业增长11.6%，铁路、船舶、航 空航天和其他运输设备制造业增长14.6%，电气机械和器材制造业增长11.0%，计算机、通信和其他电子设备制造业增长10.2%，电力、热力生产和供应业增 长2.0%。 分产品看，5月份，规模以上工业623种产品中有326种产品产量同比增长。其中，钢材12743万吨，同比增长3.4%；水泥16500万吨，下降8.1%；十种有色金 属683万吨，增长2.9%；乙烯303万吨，增长14.4%；汽车264.2万辆，增长11.3 ...

（2025年6月16日） 国家统计局 5月份，在以习近平同志为核心的党中央坚强领导下，各地区各部门认真贯彻落实党中央、国务院决策部署，坚持稳中求进工作总基调，完整准确全面贯彻 新发展理念，加快构建新发展格局，扎实推动高质量发展，加紧实施更加积极有为的宏观政策，国民经济顶住压力平稳运行，生产需求稳定增长，就业形势 总体稳定，新动能成长壮大，高质量发展向优向新。 一、工业生产平稳增长，装备制造业和高技术制造业增长较快 5月份，全国规模以上工业增加值同比增长5.8%，环比增长0.61%。分三大门类看，采矿业增加值同比增长5.7%，制造业增长6.2%，电力、热力、燃气及水 生产和供应业增长2.2%。装备制造业增加值同比增长9.0%，高技术制造业增加值增长8.6%，分别快于全部规模以上工业增加值3.2和2.8个百分点。分经济类 型看，国有控股企业增加值同比增长3.8%；股份制企业增长6.3%，外商及港澳台投资企业增长3.9%；私营企业增长5.9%。分产品看，3D打印设备、工业机 器人、新能源汽车产品产量同比分别增长40.0%、35.5%、31.7%。1-5月份，全国规模以上工业增加值同比增长6.3%。5月份，制造业采购 ...

5月份，规模以上工业（以下简称规上工业）原煤、原油、天然气生产增速加快，电力生产平稳增长。 一、原煤、原油和天然气生产及相关情况 原煤生产增速加快。5月份，规上工业原煤产量4.0亿吨，同比增长4.2%，增速比4月份加快0.4个百分点；日均产量1301万吨。 原油生产平稳增长。5月份，规上工业原油产量1847万吨，同比增长1.8%，增速比4月份加快0.3个百分点；日均产量59.6万吨。 1—5月份，规上工业原油产量9028万吨，同比增长1.3%。 原油加工降幅扩大。5月份，规上工业加工原油5911万吨，同比下降1.8%，降幅比4月份扩大0.4个百分点；日均加工190.7万吨。 1—5月份，规上工业加工原油29937万吨，同比增长0.3%。 天然气生产增速加快。5月份，规上工业天然气产量221亿立方米，同比增长9.1%，增速比4月份加快1.0个百分点；日均产量7.1亿立方米。 1—5月份，规上工业天然气产量1096亿立方米，同比增长6.0%。 1—5月份，规上工业原煤产量19.9亿吨，同比增长6.0%。 二、电力生产情况 1.指标解释 日均产品产量：是以当月公布的规模以上工业企业总产量除以该月日历天数计算得到。 ...

Group 1 - In May, the total retail sales of consumer goods reached 41,326 billion yuan, with a year-on-year growth of 6.4% [5] - From January to May, the total retail sales of consumer goods amounted to 203,171 billion yuan, growing by 5.0% year-on-year [5] - Urban retail sales in May were 36,057 billion yuan, increasing by 6.5%, while rural retail sales were 5,269 billion yuan, up by 5.4% [5][2] Group 2 - In May, the retail sales of goods reached 36,748 billion yuan, with a year-on-year increase of 6.5%, and catering revenue was 4,578 billion yuan, growing by 5.9% [5] - From January to May, the retail sales of goods totaled 180,398 billion yuan, with a growth of 5.1%, while catering revenue was 22,773 billion yuan, increasing by 5.0% [5] Group 3 - For the first five months, retail sales in convenience stores, specialty stores, supermarkets, brand stores, and department stores grew by 8.5%, 6.3%, 5.7%, 1.8%, and 1.3% respectively [4] - Online retail sales reached 60,402 billion yuan from January to May, with a year-on-year growth of 8.5%, and physical goods online retail sales were 49,878 billion yuan, increasing by 6.3% [4] Group 4 - The retail sales of food and oil products in May were 1,919 billion yuan, with a significant growth of 14.6%, while the sales of gold and silver jewelry increased by 21.8% to 300 billion yuan [7] - The sales of home appliances and audio-visual equipment surged by 53.0% in May, reaching 1,166 billion yuan [7]

Group 1: Real Estate Development Overview - From January to May, the total construction area of real estate development enterprises reached 625,020 million square meters, a year-on-year decrease of 9.2%. The residential construction area was 435,354 million square meters, down 9.6% [2][13] - The new construction area for buildings was 23,184 million square meters, a decline of 22.8%. The residential new construction area was 17,089 million square meters, down 21.4% [2][13] - The completed construction area was 18,385 million square meters, a decrease of 17.3%. The residential completed area was 13,337 million square meters, down 17.6% [2][13] Group 2: New Housing Sales and Inventory - From January to May, the sales area of new commercial housing was 35,315 million square meters, a year-on-year decrease of 2.9%. The residential sales area decreased by 2.6% [3][16] - The sales revenue from new commercial housing was 34,091 billion yuan, down 3.8%. The residential sales revenue decreased by 2.8% [3][16] - As of the end of May, the inventory of unsold commercial housing was 77,427 million square meters, a reduction of 715 million square meters from the end of April. The residential unsold inventory decreased by 439 million square meters [6][16] Group 3: Funding Situation for Real Estate Development - From January to May, the total funds available for real estate development enterprises amounted to 40,232 billion yuan, a year-on-year decrease of 5.3%. Domestic loans were 6,679 billion yuan, down 1.7% [7][14] - Foreign investment increased by 49.0% to 16 million yuan, while self-raised funds decreased by 7.2% to 13,743 billion yuan [7][14] - Personal mortgage loans were 5,645 billion yuan, down 8.5% [7][14] Group 4: Real Estate Development Prosperity Index - The real estate development prosperity index (National Real Estate Prosperity Index) stood at 93.72 at the end of May, indicating a lower level of prosperity in the sector [9][22]

Core Insights - The fixed asset investment (excluding rural households) in China for the first five months of 2025 reached 191,947 billion yuan, showing a year-on-year growth of 3.7% [5] - The investment growth varied across different industries, with the primary industry growing by 8.4%, the secondary industry by 11.4%, and the tertiary industry declining by 0.4% [2][5] Investment by Industry - In the secondary industry, industrial investment increased by 11.6%, with mining investment up by 5.8%, manufacturing investment up by 8.5%, and investment in electricity, heat, gas, and water production and supply rising by 25.4% [3][5] - The tertiary industry saw infrastructure investment (excluding electricity, heat, gas, and water production and supply) grow by 5.6%, with significant increases in water transport (27.2%), water management (26.6%), and air transport (4.7%) [3] Regional Investment Trends - Investment growth varied by region, with the eastern region growing by 0.5%, the central region by 4.5%, the western region by 4.9%, and the northeastern region by 2.1% [3] Investment by Ownership Type - Domestic enterprises saw a fixed asset investment growth of 3.7%, while investment from Hong Kong, Macau, and Taiwan enterprises grew by 6.5%. In contrast, foreign enterprises experienced a decline of 13.4% [4][6]

Group 1 - In May 2025, the sales prices of new residential properties in first-tier cities decreased by 0.2% month-on-month, with Shanghai increasing by 0.7% while Beijing, Guangzhou, and Shenzhen saw declines of 0.4%, 0.8%, and 0.4% respectively [3] - The sales prices of second-hand residential properties in first-tier cities fell by 0.7% month-on-month, with Beijing, Shanghai, Guangzhou, and Shenzhen experiencing declines of 0.8%, 0.7%, 0.8%, and 0.5% respectively [3] Group 2 - Year-on-year, the sales prices of new residential properties in first-tier cities decreased by 1.7%, a reduction in the decline by 0.4 percentage points compared to the previous month, with Shanghai increasing by 5.9% and declines in Beijing, Guangzhou, and Shenzhen of 4.3%, 5.8%, and 2.6% respectively [4] - The year-on-year sales prices of second-hand residential properties in first-tier cities decreased by 2.7%, with a reduction in the decline by 0.5 percentage points compared to the previous month, where Beijing and Shanghai saw declines of 0.7% and 0.1% respectively [4]