实体经济图谱2025年第19期：对美直接出口上行

Domestic Demand - New home sales growth rate continues to narrow, while second-hand home sales decline[4] - Retail sales of passenger cars have decreased, while wholesale sales have increased[4] - Hotel occupancy rates and revenue per available room have both increased, indicating recovery in the tourism market[4] External Demand - Direct exports to the U.S. have rebounded, with container booking volumes showing year-on-year growth[4] - U.S. imports from China have also turned positive, indicating strong support for direct exports[4] - Trump's proposal to impose a 50% tariff on European goods may benefit China's exports to Europe, particularly in the machinery sector[4] Production and Prices - Weak terminal construction demand has led to a decline in steel prices and production rates[4] - Chemical chain products have seen price increases due to maintenance and rising oil prices[4] - Gold prices have rebounded amid geopolitical tensions, while copper and oil prices are fluctuating within a range[4]