【宏观经济】一周要闻回顾(2025年6月4日-6月10日)

Core Viewpoint - In the first five months of 2025, China's total goods trade value increased by 2.5% year-on-year, reaching 17.94 trillion yuan, with exports growing by 7.2% and imports declining by 3.8% [7][9]. Group 1: Trade Performance - Total goods trade value in May 2025 was 3.81 trillion yuan, an increase of 2.7% year-on-year, with exports at 2.28 trillion yuan (up 6.3%) and imports at 1.53 trillion yuan (down 2.1%) [8]. - General trade and processing trade saw growth, with general trade imports and exports totaling 11.51 trillion yuan (up 0.8%), accounting for 64.2% of total foreign trade [10]. - Processing trade reached 3.21 trillion yuan (up 6.2%), representing 17.9% of total trade [10]. Group 2: Trade Partners - ASEAN became China's largest trading partner, with trade totaling 3.02 trillion yuan (up 9.1%), accounting for 16.8% of total foreign trade [11]. - Trade with the EU reached 2.3 trillion yuan (up 2.9%), while trade with the US decreased by 8.1% to 1.72 trillion yuan [11]. Group 3: Enterprise Types - Private enterprises accounted for 57.1% of total foreign trade, with imports and exports totaling 10.25 trillion yuan (up 7%) [13]. - Foreign-invested enterprises had a trade value of 5.21 trillion yuan (up 2.3%), while state-owned enterprises saw a decline of 12.7% to 2.44 trillion yuan [13]. Group 4: Export Composition - Mechanical and electrical products constituted 60% of total exports, with significant growth in integrated circuits (up 18.9%) and automobiles (up 6.6%) [14]. - Labor-intensive products saw a decline in exports, while agricultural product exports increased by 4.7% [14]. Group 5: Import Trends - Major bulk commodity prices fell, with iron ore imports down 5.2% and crude oil imports up slightly by 0.3% [15]. - The import value of mechanical and electrical products grew by 6% [15].