Group 1 - China's trade surplus in June reached 825.97 billion RMB [1] - In June, imports measured in RMB increased by 2.3% year-on-year [1] - In June, exports measured in RMB increased by 7.2% year-on-year [1]

Core Viewpoint - South Korea's customs agency reported a year-on-year export growth of 9.5% from July 1 to July 10 [1] Group 1 - The export growth indicates a positive trend in South Korea's trade performance for the specified period [1]

Core Insights - Vietnam's government reported a year-on-year export growth of 14.4% in the first half of the year [1] - The trade surplus for the first half of the year reached 7.63 billion USD [1] Export Performance - The export growth of 14.4% indicates a strong performance in international trade for Vietnam [1] - This growth may reflect increased demand for Vietnamese goods in global markets [1] Trade Balance - The trade surplus of 7.63 billion USD suggests that Vietnam's exports significantly outpaced imports during this period [1] - A positive trade balance can enhance Vietnam's economic stability and attract foreign investment [1]

Core Insights - Thailand's exports in May experienced a year-on-year growth of 18.4% based on customs data [1] Group 1 - The Thai Ministry of Commerce reported a significant increase in exports, indicating a robust performance in the trade sector [1]

Core Viewpoint - The Bank of Canada anticipates that the boost in export growth will soon fade due to ongoing tariffs and uncertainty [1] Group 1 - The meeting minutes indicate that the current economic environment is heavily influenced by trade tariffs [1] - There is a recognition that uncertainty in the market is impacting export performance [1] - The expectation is that the positive effects of export growth will not be sustained in the near future [1]

Economic Performance Overview - In May, the national economy showed resilience and stability, laying a solid foundation for achieving annual economic goals due to more proactive macro policies [1] - Key indicators in May demonstrated month-on-month increases, with industrial added value growing by 5.8% year-on-year and 0.61% month-on-month [1] - The service sector also accelerated, with the service production index increasing by 6.2% year-on-year and the business activity index at 50.2, indicating expansion [1] Consumer Spending Insights - Retail sales in May reached 41,326 billion yuan, a year-on-year increase of 6.4%, marking a new high for 2024 [1] - The growth in consumption was driven by favorable policies and promotional activities, including the "6.18" online shopping festival and holiday effects from the "May Day" and "Duanwu" festivals [1] - Domestic tourism during the "May Day" holiday saw a 6.4% increase in visitor numbers, while restaurant revenue grew by 5.9% year-on-year [1] Export and Trade Performance - In May, China's total goods import and export amounted to 38,098 billion yuan, with exports at 22,767 billion yuan, reflecting a year-on-year growth of 6.3% [2] - Despite the impact of increased tariffs from the U.S., overall export growth remained positive, with a 7.2% increase from January to May [2] Investment Trends - Fixed asset investment from January to May grew by 3.7%, lower than the 4.0% growth observed in the first four months [2] - Investment in the primary industry rose by 8.4%, while the secondary industry saw an increase of 11.4%, and the tertiary industry experienced a decline of 0.4% [2] Real Estate Market Dynamics - The real estate market showed signs of weakness, with second-hand housing prices in first-tier cities declining by 0.7% month-on-month and new housing prices also decreasing [3] - Real estate investment, sales, and construction area further declined year-on-year in May, indicating a need for policy intervention to stabilize the market [3] Policy Recommendations - There is a necessity for targeted macro policies to enhance investment momentum and stimulate private investment, particularly in the real estate sector [3] - The government is encouraged to innovate service offerings to boost consumption, especially in tourism, dining, retail, and transportation as summer approaches [3]

越南估计5月份出口同比增长14%，贸易顺差46.7亿美元。 ...

马来西亚4月份出口同比增长16.4%，预估中值为增长7.5%。 ...

金十数据5月16日讯，凯投宏观亚太区负责人Marcel Thieliant表示，早些时候公布的日本第一季度GDP 数据弱于预期，意味着日本央行可能会等待更长时间才加息。"相对于我们的预测，主要令人失望的是 个人消费，与上季度持平。"由于美国的关税将拖累日本的出口增长，日本央行在上次会议上对经济前 景变得更加悲观的判断似乎是正确的。因此，"看起来越来越有可能的是，日本央行不会像我们目前预 测的那样，最早在7月份加息"。 凯投宏观：日本季度GDP疲软暗示日央行或推迟加息时间 ...

印度4月出口384.9亿美元，同比增长9%。 ...