中国宏观追踪：加大对民生的支持

Trade Relations - A new round of China-US trade talks is focusing on export controls, with high-level meetings scheduled in London starting from June 9[2] - Tariffs collected from China reached 25% of the US' total imports from China from January to April, significantly higher than the previous 8-9%[4] - China's container exports to the US have started to rebound since late May, approaching pre-tariff average levels in early June[4] Domestic Policies - China released 10-point guidelines on June 9 to improve people's livelihoods, emphasizing social welfare coverage for low-income groups, youth, and gig workers[9] - The central government allocated RMB158.7 billion in fiscal support for low-income households, with a focus on employment subsidies for college graduates[12] - A childcare subsidy system and increases in the minimum wage are part of the new policies aimed at enhancing social safety nets[9] Economic Indicators - The operating rate for semi-steel tyres, a key component for automobiles, edged down, while the production rate in the chemical sector rose further[14][16] - The Baltic Dry Index has risen, indicating an increase in shipping costs, while steel rebar prices have fallen further[34][57] - The average daily coal consumption in eight major provinces has shown fluctuations, reflecting changes in industrial activity[26]