★多项先行指标向好 经济运行有望延续平稳态势

Group 1 - In May, China's manufacturing Purchasing Managers' Index (PMI) rose by 0.5 percentage points to 49.5%, indicating an improvement in manufacturing sentiment [1] - The increase in manufacturing PMI is attributed to the sustained implementation of growth-stabilizing policies, including monetary measures such as interest rate cuts [1][2] - The production index in May was 50.7%, up 0.9 percentage points, indicating accelerated manufacturing activity, while the new orders index rose to 49.8%, up 0.6 percentage points [1] Group 2 - High-tech manufacturing PMI stood at 50.9%, remaining in the expansion zone for four consecutive months, while equipment manufacturing and consumer goods PMIs were 51.2% and 50.2%, respectively, both showing improvement [2] - The production expectation index for manufacturing enterprises was 52.5%, up 0.4 percentage points, reflecting stable confidence in market development [2] - New export orders and import indices were 47.5% and 47.1%, respectively, both showing increases of 2.8 and 3.7 percentage points compared to the previous month [2] Group 3 - From May 19 to May 25, monitored ports completed a cargo throughput of 27,134.8 million tons, a 2.8% increase, and a container throughput of 656.4 thousand TEUs, up 3.63% [3] - The rebound in export container freight indices and sustained high levels of port cargo throughput suggest a potential for continued export growth in May [3] - Analysts expect exports to maintain resilience in the second quarter, with high growth rates anticipated [3] Group 4 - The current international environment remains complex, necessitating continued efforts in stabilizing growth policies to solidify the economic recovery [3] - There is a call for increased government investment in public goods to boost market demand and corporate orders, which would support production and employment [3] - New incremental policies are expected to be introduced to further support economic stability and high-quality development [4]