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中信建投:关税担忧短期或压制市场情绪 聚焦服务消费、新消费
智通财经网·2025-06-02 23:46

Group 1 - The report from CITIC Securities indicates that concerns over tariffs have resurfaced, potentially suppressing market sentiment in the short term, but the market is gradually becoming desensitized to tariff issues [1] - In April, industrial enterprise profits improved, driven by the effective implementation of "new" consumption incentive policies, which boosted downstream consumption and supported the midstream equipment manufacturing sector [1][2] - The manufacturing PMI showed overall recovery in May, with a rebound in export orders, highlighting the resilience of China's economic fundamentals, which will provide bottom support for the market [1][2] Group 2 - The U.S. has issued renewed tariff threats, with recent announcements indicating an increase in steel and aluminum tariffs from 25% to 50%, suggesting the Trump administration is preparing a "Plan B" for tariffs [1] - Despite the tariff challenges, new momentum industries are experiencing accelerated profit growth, significantly contributing to the economy [2] - June is a critical month for A-share dividends, with a focus on tracking capital flows and changes in industry prosperity to identify high-dividend investment opportunities [2] Group 3 - The emphasis on internal circulation is crucial, with a focus on service consumption and new consumption as important new drivers of economic growth [3] - External uncertainties are accelerating the internal circulation, with policies aimed at expanding and enhancing consumption quality [3]