Group 1 - Recent adjustments in US-China tariff policies have led to a resurgence in exports from foreign trade companies in Shanghai and Jiangxi, with factories quickly ramping up production for the US market [1] - A knitting factory in Shanghai has resumed production for US clients, with plans to ship out orders by May 17, indicating a strong demand from American customers [1] - A textile company in Jiangxi has received a significant new order for 100,000 sets of children's clothing from the US, with production schedules extending into September [1] Group 2 - Ganyu Technology Co., based in Ganzhou, has received a request to resume the supply of over 500,000 sports helmets to US clients, highlighting the recovery of demand in the US market [2] - The foreign trade logistics sector is experiencing a peak in shipments to the US, with a notable increase in inquiries from international freight forwarding companies [3] - Yantian Port in Shenzhen is adjusting its scheduling to accommodate the surge in shipments to the US, with over 2,000 containers being processed for a single vessel [4]

转自：央视 尽管国际大宗商品价格是在下行的，拖累了整体的价格。但是我们看黑色金属的冶炼，非金属矿物制品等等行业价格的降幅是收窄的，这些也反映了现在投 资靠前发力，那么基建施工与设备更新政策拉动作用非常显著，因此基建与工业的支撑效果也是非常显著的。应该看到地方政府债券前4个月发行规模同比 是增长84%，超长期特别国债提前发行等等，都是在推动能源、交通、市政等等领域的这个基建，也使得工业的活力不断地增强。 5月19日，国新办举行新闻发布会，介绍2025年4月份国民经济运行情况。4月份经济数据释放了哪些信号？下一步巩固我国经济平稳运行的发力点有哪些？ 来看北京师范大学教授经济学专家万喆的解读。 4月中国经济在复杂的国际环境中展现出显著的韧性，尤其是在关税战持续升级的背景下，多项核心的指标呈现积极的变化，应该说韧性与结构性的突破是 并存的。 首先就是消费回暖和服务消费的升级。我们能够看到消费稳步回升，内需的潜力也在不断地释放，像是食品的价格等等受各种因素的影响也在回升，而且出 行服务像飞机票旅游和黄金饰品等等高端的消费价格也是在上涨的，反映出内需逐步恢复及消费结构升级的趋势。 4月份社会消费品零售总额应该说同比增长也 ...

央视网消息：4月份经济数据释放了哪些信号？下一步，巩固我国经济平稳运行的发力点有哪些？北京师范大学教授、经济学专家万 喆就此进行了解读。 经济韧性与结构性突破并存 外贸韧性凸显 结构持续优化 4月，中国经济在复杂的国际环境中展现出显著的韧性，尤其是在关税战持续升级的背景下，多项核心的指标呈现积极的变化，韧性 与结构性的突破是并存的。 内需逐步恢复和消费结构升级趋势 首先是消费回暖和服务消费的升级。消费稳步回升，内需的潜力也在不断的释放，像食品价格等受各种因素的影响也在回升。而 且，出行服务像飞机票旅游和黄金饰品等高端消费价格也在上涨，反映出内需逐步恢复及消费结构升级的趋势。 同时，线下消费热度应该说也是不断的增长，休闲娱乐、餐饮等服务业消费的增速非常的亮眼。入境消费的热度也创了新高，像免 签和支付便利化政策，推动国际航班的班次增长，各地入境人数都是屡创新高，也显示中国消费市场对全球吸引力在增强。 工业增长韧性凸显 高技术产业起引领作用 4月份，社会消费品零售总额应该说同比增长也非常的明显，尤其是当中通信器材家电升级类的商品增速都超过了19%，家电网络零 售额同比增长也超过了13%，绿色化智能化产品成为消费的趋 ...

Economic Overview - In April, the total retail sales of consumer goods reached 37,174 billion yuan, with a year-on-year growth of 5.1% and a month-on-month growth of 0.24% [2][3] - The total import and export value of goods in April was 38,391 billion yuan, showing a year-on-year increase of 5.6% [6][7] Retail Sector Performance - Retail sales excluding automobiles amounted to 33,548 billion yuan in April, growing by 5.6% year-on-year [3] - The growth rate of service consumption, such as catering, outpaced that of goods retail, with catering revenue reaching 4,167 billion yuan, a growth of 5.2% [3][4] - Online retail sales for the first four months totaled 47,419 billion yuan, with a year-on-year increase of 7.7% [3] Import and Export Dynamics - Exports in April were 22,645 billion yuan, increasing by 9.3%, while imports were 15,745 billion yuan, growing by 0.8% [6] - From January to April, the total import and export value was 141,389 billion yuan, with exports growing by 7.5% and imports declining by 4.2% [7] - Trade with ASEAN and Belt and Road countries accelerated, with imports and exports to ASEAN growing by 9.2% year-on-year [7] Consumer Goods Performance - The retail sales of household appliances and audio-visual equipment, cultural and office supplies, furniture, and communication equipment saw significant year-on-year growth rates of 38.8%, 33.5%, 26.9%, and 19.9% respectively [4]

Group 1 - The 2025 Hangzhou West Expo Consumption Season and "Foreign Trade Quality Products · Good Goods in Hangzhou" exhibition was launched to promote economic development and enhance consumer satisfaction [1] - The event aims to establish Hangzhou as an international new consumption center city by leveraging new consumption scenarios, business formats, and models [1] - The event will showcase a variety of foreign trade quality products and local goods, facilitating their entry into domestic and international markets [1] Group 2 - The 2025 World Leisure Expo and the 27th Hangzhou West Lake International Expo will feature five key activities, including the "Foreign Trade Quality Products · Good Goods in Hangzhou" exhibition [2] - The activities will focus on six major consumption themes: trendy products, exhibition consumption, culinary experiences, leisure consumption, performing arts consumption, and sports consumption [2] - A series of promotional events will be held, including consumption nights and local football leagues, to stimulate consumer engagement [2]

Core Viewpoint - The external environment has changed dramatically in April, yet China's foreign trade has maintained stable growth, demonstrating resilience and adaptability in the face of challenges [1] Group 1: Foreign Trade Performance - China's foreign trade has shown accelerated import and export growth with ASEAN and Belt and Road Initiative countries [1] - Private enterprises have experienced rapid growth in foreign trade imports and exports [1] - The export of electromechanical products has shown a strong upward trend [1] Group 2: Economic Resilience and Policy Support - China's ability to withstand external pressures and maintain growth reflects the completeness of its industrial system and the competitiveness of its manufacturing sector [1] - The rapid adjustment capability of foreign trade and the supportive policies for stabilizing foreign trade have been crucial [1] - The significant reduction of tariffs between China and the US is beneficial for trade growth between both countries and contributes to global economic recovery [1] Group 3: Future Outlook - Despite the complex and severe international environment that constrains global economic growth, the trend of international cooperation and win-win outcomes remains unchanged [1] - China is committed to expanding its openness and steadily advancing the diversification of foreign trade [1] - Continuous effective policies to promote foreign trade development will support ongoing growth in this sector [1]

作为全球圣诞用品主要集散地，义乌今年的圣诞用品订单如何？记者近日在义乌走访调研发现，义乌圣 诞用品订单生产进入高峰期，企业正加班加点赶订单，有些企业仓库已出现"爆仓"情况，"目前，我们 的订单已排到7月底，5月和6月的订单属于极度饱和状态，正在加班加点赶订单，由于大量的订单都排 进来生产，仓库目前也比较紧张。" 极羽科技提供的数据显示，上海至洛杉矶航线，马士基5月26日开航航次报价，已达到3705美元/FEU， 较5月12日报价上涨了96%。 海运+物流港口相关港股企业： 中远海控（601919）(01919)、中远海发（601866）(02866)、太平洋航运(02343)、东方海外国际 (00316)、中集集团（000039）(02039)、海丰国际(01308)等。 货运代理也忙着订舱，对美海运迎来一波"抢运潮"。厦门一家服装企业负责人告诉记者，他们对美业务 占到了外贸业务的三成以上。 受到此前高关税影响，一个多月来，这些美国的订单全部暂停生产，涉及订单金额300万元左右。中美 大幅互降关税后，美国客户就催着他们赶快恢复生产供应。 厦门海沧区一家货运代理企业企业负责人介绍，从4月中旬开始，他们在厦门的仓 ...

Market Overview - The three major A-share indices opened lower, with the Shanghai Composite Index down by 0.05% and the ChiNext Index down by 0.07% [1] Institutional Insights - Zhongtai Securities suggests that market indices may maintain strong resilience due to the unexpected suspension of "reciprocal tariffs," which enhances short-term risk appetite. Structural divergences remain, and the space for long-term tariff reductions is limited. The current market environment shows a strengthening of total policy determination, improvement in core city real estate, and high historical levels of margin trading, which, combined with policies emphasizing indices, may support continued resilience in market indices [2] - Investment funds are expected to rotate around sectors with high first-quarter report performance and mid-term industry trends, including public utilities, AI upstream and leading technology firms, gold, nuclear power equipment, military industry, and consumer sectors related to younger demographics such as pets and beauty products. Investors are advised to accumulate positions in these sectors on dips and to focus on high-quality leaders in the CSI 300 with significantly lower institutional allocation compared to index component ratios [2] New Market Dynamics - Minsheng Securities notes that a new order and narrative are emerging as investors begin to price in the marginal easing of trade shocks. However, structural shocks will persist, and the return to fundamental pricing characteristics will gradually become evident. Future declines in total demand and the fluctuating path of trade easing may disrupt market tranquility. The first quarter of 2025 is anticipated to be a pivotal moment for technology breakthroughs influencing market risk appetite, while the current phase is characterized by a rotation in investor styles towards technology themes, which may lack sustainability [3] - The gradual establishment of a long-term mechanism for domestic consumption is expected to yield three sources of returns: net profit growth, dividend payments, and valuation increases, with recommendations for sectors such as home appliances, food and beverages, cosmetics, trendy toys, tourism, gaming, and online retail [3] - The restructuring of China's foreign trade system is likely to gradually reveal the value of capacities in advantageous industries, such as machinery and automotive manufacturing, while resource products with significant supply constraints (copper, aluminum, gold) may also see new opportunities [3] - As the economic transition progresses and real estate stabilizes, the de-financialization process in China is nearing its end. The current investment and financing environment for Chinese enterprises is improving, which may drive new expansions in the financial sector, particularly as the new domestic growth paradigm and the acceleration of the RMB internationalization process unfold [3]

Core Viewpoint - The Ministry of Commerce has launched the "Foreign Trade Quality Products China Tour" to enhance domestic sales channels for foreign trade enterprises, responding to the changing external environment and leveraging the growing domestic consumption market [1] Group 1: Market Dynamics - China's consumer market is expanding steadily, with over 1.4 billion people showcasing vibrant consumption potential, which can open up vast market space for quality export products [1] - The transition from export to domestic sales for foreign trade enterprises faces challenges such as differing market positioning, inconsistent standards, and low brand recognition [1] Group 2: Policy Support - Local governments are encouraged to accelerate the integration of internal and external trade standards, certifications, and regulations to eliminate institutional barriers [2] - Financial policies, including special credit funds and expanded export credit insurance, are recommended to alleviate funding pressures and reduce operational costs for foreign trade enterprises [2] Group 3: Infrastructure Development - Strengthening public service platforms to provide market information, legal advice, and talent training is essential for helping foreign trade enterprises adapt to the domestic market [2] - Industry associations should play a bridging role by organizing domestic exhibitions and trade fairs to facilitate the integration of internal and external trade [2] Group 4: Consumer Trends - The continuous upgrade of consumer demand in China is characterized by diversification and quality, prompting foreign trade enterprises to adjust strategies and innovate products that meet domestic consumer needs [3] - There is a focus on transforming quality foreign trade products into domestic market favorites by leveraging quality and research advantages [3]

Group 1 - The "Binhai International Trade Products Exhibition" aims to connect foreign trade enterprises with domestic supermarkets and e-commerce platforms, promoting the integration of domestic and foreign trade [1] - The event showcases over 50 foreign trade companies, highlighting the importance of utilizing both domestic and international market resources for efficient operations [1] - The Binhai New Area's business department is facilitating resource connections and encouraging foreign trade companies to diversify their market strategies, including participation in e-commerce platforms [1] Group 2 - Tianjin is implementing innovative measures to help manufacturing companies expand overseas, with a focus on AEO (Authorized Economic Operator) certification to enhance credibility and market access [2] - The AEO certification provides companies with benefits such as priority customs clearance and reduced documentation requirements, acting as a "green pass" for faster international trade [2] - In 2022, the overseas market revenue for China Railway Engineering Equipment Group (Tianjin) Co., Ltd. reached 190 million yuan, reflecting an 11.1% year-on-year growth [2] Group 3 - Tianjin Customs has established a key enterprise cultivation database for AEO certification, focusing on large equipment manufacturing and specialized enterprises, with 367 high-level certified enterprises to date [3] - The Tianjin Municipal Bureau of Commerce is combining foreign trade stability with consumer expansion, providing support for enterprises to navigate domestic market entry challenges [3] - Temporary market access measures and expedited certification channels are being introduced to assist companies transitioning from foreign to domestic markets [3]