Macro Economic Insights - In April, the Caixin China Services PMI dropped to 50.7, the lowest in seven months, down 1.2 points from March, indicating a slowdown in domestic business activities [3] - The U.S. trade deficit in March reached a record high of $140.5 billion, exceeding expectations and reflecting a significant imbalance in trade [22] Company Alerts - Pan Hai Holdings announced that the public sale of 706,398,860 shares held by its controlling shareholder failed due to no bids [6] - Chengdu Xingcheng Real Estate Investment Group reported a net loss of 2.008 billion yuan for 2024, exceeding 10% of its audited net assets at the end of 2023 [8] - Xiamen Yuzhou Hongtu Real Estate Development Company reported a net loss of 6.337 billion yuan for 2024, with losses exceeding 10% of its net assets [9] - Ningxia Shengyan Industrial Group and its subsidiary were added to the list of dishonest executors, with restrictions on high consumption [11] - Kangxi Communication terminated its major asset restructuring plan, opting for a strategic investment instead [14] Industry Alerts - The Ministry of Commerce confirmed that imported chlorpyrifos from India was found to be dumped, leading to the imposition of anti-dumping duties starting May 7, 2025 [31] - The pet medical market in China has seen significant growth, with over 34,000 animal diagnosis institutions reported, reflecting a 17% increase year-on-year, but also facing issues such as misdiagnosis and excessive treatment [33]
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