Economic Performance - Hubei province achieved a GDP of 29,642.61 billion yuan in the first half of the year, with a year-on-year growth of 6.2%, surpassing the national average of 5.3% by 0.9 percentage points [1] - Other central provinces also reported positive growth: Henan's GDP reached 31,683.80 billion yuan with a growth of 5.7%, Hunan's at 26,166.50 billion yuan with 5.6%, and Jiangxi's at 16,719.6 billion yuan with 5.6% [1] Economic Drivers - Hubei's economic growth was driven by three main factors: retail sales of consumer goods increased by 6.9% to 13,073.93 billion yuan, fixed asset investment grew by 6.5%, and exports surged by 38.5% to 2,927.9 billion yuan [1][2] - The province's infrastructure investment reached 659.1 billion yuan, accounting for 32.96% of the annual target, marking a 6.4% increase [2] Export Performance - Mechanical and electrical products remained the main export items for Hubei, accounting for a significant portion of total exports with a growth of 26.8% [2] - Among 17 cities in Hubei, 14 experienced double-digit growth in imports and exports, with Ezhou leading at a remarkable 273.9% increase [2] Future Outlook - Hubei aims to achieve an economic total exceeding 60 trillion yuan by 2024, with a target growth rate of around 6% for 2025 [2] - The gap in GDP between Hubei and Henan is narrowing, with a difference of 2,041.19 billion yuan in the first half of the year, down from 3,884.99 billion yuan in the same period last year [3]

来源：国际商报 超大规模市场体量更大、"以旧换新"换出品质生活、LABUBU风靡全球、"中国购"魅力尽显……"十四 五"期间我国消费市场亮点频频。 在7月18日上午国务院新闻办举行的高质量完成"十四五"规划系列主题新闻发布会上，商务部部长王文 涛表示，这五年，商务部认真贯彻落实中央决策部署，主动顺应新趋势，多措并举促消费，推动消费市 场规模稳步扩大，结构持续优化，消费潜能加快释放，做大做强国内大循环。主要有以下四方面特点： 一是"扩容"，超大规模市场体量更大。 社零总额从2020年的39.1万亿元提升至2024年的48.3万亿元，年 均增长5.5%。与美国比，从绝对值看，我国社零总额相当于美国的80%左右，但从实际购买力来看，按 照世界银行所给出的数据和算法，我国的社零已超过美国，是美国的1.6倍。从今年运行情况看，全年 社零总额肯定超过50万亿元。一些细分领域的规模保持"龙头"地位，比如，网上零售连续12年全球第 一，汽车销量也位居世界第一。"中国有14亿人口，任何一样产品乘上14亿，肯定是一个超大规模的市 场。"王文涛说。 服务消费方面，"十四五"时期，我国服务消费进入快速增长阶段，2020—2024年， ...

Group 1: Industrial and Information Development - The industrial and information sectors in China showed positive growth in the first half of 2025, with a year-on-year increase of 6.4% in industrial added value, demonstrating strong resilience [1] - The manufacturing sector's added value accounted for 25.7% of GDP, remaining stable, while manufacturing investment grew by 7.5% [1] Group 2: Telecommunications Sector - The total revenue from telecommunications services reached 905.5 billion yuan, with a year-on-year growth of 9.3% [2] - By the end of June, the number of 5G base stations reached 4.55 million, and the number of 5G mobile phone users reached 1.118 billion, with a penetration rate exceeding 79% [2] - The demand for digital consumption has been robust, with mobile internet traffic experiencing double-digit growth for six consecutive months [2] Group 3: Support for Small and Medium Enterprises - The Ministry of Industry and Information Technology (MIIT) supported 1,241 specialized and innovative "little giant" enterprises, with over 140,000 specialized small and medium enterprises cultivated to date [4] - MIIT provided services to over 3.6 million small and medium enterprises, facilitating financing intentions exceeding 51 billion yuan and achieving technology transfer contracts worth over 8.6 billion yuan [4] - The financing scale for enterprises surpassed 1.2 trillion yuan, with an average of nearly 34 million yuan in financing support per benefiting enterprise [4][5] Group 4: Future Initiatives - MIIT plans to enhance financial policies supporting new industrialization and deepen industry-finance cooperation, focusing on key industrial chains and integrating technology and industry [5] - The ministry aims to promote pilot policies and standards in 66 national industry-finance cooperation pilot cities to support high-quality development in the manufacturing sector [5]

周五公布的密歇根大学7月份的报告显示，美国7月密歇根大学消费者信心反弹，在7月初升至五个月来的最高水平，人们对经济和通胀的预期持续改善，通 胀预期也显著回落。 美国7月密歇根大学消费者信心指数初值61.8，预期61.5，前值60.7。尽管如此，该消费者信心指数仍低于去年全年水平。 分项指数方面，7月密歇根大学消费者的现况指数初值66.8，预期63.9，前值64.8，改善明显；预期指数初值58.6，预期56.9，前值58.1。 不过，如果宣布进一步加征关税或通胀回升，消费者信心可能会受到抑制。 消费者对当前个人财务状况的看法有所改善，可能受益于美国股市的反弹。此次调查于7月14日结束，距美国总统特朗普签署预算案已有一周多时间，该预 算案包括延长减税并为打工小费收入者提供新减免。 此次消费者信心回升主要受到共和党人和政治独立人士信心改善的推动。 消费者信心影响着未来几个月的经济增长。悲观的消费者情绪会抑制支出水平、从而影响经济复苏，乐观的消费者情绪则有助于未来经济。 （文章来源：华尔街见闻） 市场备受关注的通胀预期方面，7月密歇根大学1年通胀预期初值4.4%，为2月以来的最低，低于预期的5%，前值为5%；5年通胀 ...

Core Insights - The strategic partnership between Inli and The Mall Group from Thailand marks the beginning of a collaboration aimed at enhancing international consumer experiences in China [1][4] - The partnership will facilitate cross-border expansion for commercial brands and enhance member benefits, including discounts and services [4][5] Group 1: Strategic Collaboration - Inli, a leading commercial real estate operator in China, has signed a strategic cooperation agreement with The Mall Group, a top retail developer in Thailand [1][4] - The collaboration aims to create a "commercial highway" for brand and resource sharing, promoting cultural and consumer exchanges [5][4] Group 2: Economic and Cultural Impact - The partnership is expected to drive economic and cultural synergy between Thailand and China, enhancing trade relations and cultural exchange [5][4] - The Mall Group will act as a bridge to connect Thai brands with the Chinese market, expanding international customer bases through shared membership systems [4][5] Group 3: Event Launch - The launch event included the opening of the 9th Super-V Flower Festival "Cool Thai Market," showcasing Thai culture and products to Chinese consumers [1][4] - The "Cool Thai Market" will be featured in over 200 commercial projects across 55 cities under Inli, providing immersive Thai experiences [4]

2025.07. 18 在出口方面，广东出口产品"含新量"提升。在国际贸易政策不确定性加大、出口基数高企的情况下， 广东正加快转型升级步伐，着力支持新领域新赛道在开放合作中发展壮大，推动出口实现总量增长、 质量提升。 广东上半年出口机电产品1.96万亿元，增长7.2%，占同期全省出口总值的67.8%。其中，出口电子元 件2954亿元，增长17.3%；出口自动数据处理设备及其零部件2154.1亿元，增长15.9%。同期，与新 质生产力密切相关的高技术产品出口5054.3亿元，增长13.3%，机床、无人机出口分别增长18.7%、 29.2%，代表绿色低碳的"新三样"产品出口增长28.8%。自主品牌产品出口增长11.2%。 本文字数：1927，阅读时长大约4分钟 作者 | 第一财经 宋婕 今年上半年，外贸大省广东进出口规模创历史同期新高，"新三样"产品出口增长28.8%。当地有进出 口实绩的外贸企业数量13万家，增加7.6%。 7月18日，广东召开2025年上半年广东进出口情况新闻发布会。海关总署广东分署副主任张柯在会上 表示，从走势看，广东外贸从2023年第三季度起，已连续8个季度保持正增长，展现出较强韧性。从 ...

Friday, July 18, 2025Pre-market futures are up again as a very eventful trading week winds to a close. The Dow is currently +0.12%, the S&P 500 is +0.09% and the Nasdaq +0.16% at this hour. The small-cap Russell 2000 is shooting to another orbit this morning, +0.52%. It now leads all major indexes for the past week of trading, as it still tries to catch up with the other indexes year to date.Bond yields have remained fairly steady through a thorough barrage of economic reports Q2 earnings releases, and open ...

12点左右，预约的客人们来到饭店，她一眼就认出了客人里有榕江县县委书记徐勃和县长王 飞。"当时看到是书记和县长很震惊。"杨玉碧说，徐书记一行十人，点了贵州特色醉鹅和四个凉 菜，还热情地邀请她一同用餐。 徐书记、王县长和其他领导还询问她饭店灾后恢复情况，让她要振 作信心，这让她内心感觉十分温暖。"徐书记说来店里吃饭，就是希望通过实际行动带动大家消 费，提振经济，让个体工商户和企业在灾后能感受到信心。" 杨玉碧称，徐书记等人一共消费了448元，由于当时店里的收款码找不到了，徐书记通过微信转给 了她700元，还告诉她，水灾受损严重， 祝她越来越好。杨玉碧把钱退了回去，没想到徐书记又转 了过来，并回复她"700，好'七'！"。杨玉碧再次选择了拒收，徐书记通过店员询问了具体的消费 金额后，并让店员找到了店里的收款码，支付了448元。 7月16日， 贵州榕江县一家饭店的店主发布视频称，她的饭店灾后恢复营业首单接待的是榕江县县 委书记和县长。 7月17日，店主杨玉碧向记者称， 县委书记、县长一行共10人，共计消费448元，最后是县委书记 结的账。 县委书记能在灾后恢复阶段带着领导们自掏腰包光顾她的小店，让她对恢复灾后生活充 ...

美联储古尔斯比：最新的消费者价格指数数据显示关税推升商品通胀，对此持"略微担忧"的态度。 ...

核 心 内 容 月度商品价格预测： 黄金、铜震荡上升，油上行。 消费： 新房销售降幅扩大，汽车销量回落；服务消费表现分化。 ① 新房、乘用车销量增速回落，而二手房降幅收窄，家电月均售价同比多数下降。7月新房销量同比降幅走扩，而二手房销量降幅略有收窄，三四线城市转正。由 于天气炎热，乘用车销售增速零售回落、批发上行，半钢胎开工低位回升。上周家电销售均价多数回升，7月前两周月均销售价同比增速涨少跌多。 ② 服务消费表现分化。上周商圈人流指数小幅回升，同比增速有所上涨；酒店每间可售房收入延续增长，同比增速略降；地铁客运量继续上行，同比增速同步下 降。不过，上周电影票房收入转降，同比降幅走扩，灯塔各类演出票房也有所下行。 外贸： 中至美发货量转升，美国三商库存同比回落。 ① 出口略有走弱。其中，离港船只载重增速回落，出口集装箱运价指数下行。不过，传统转口地区东南亚港口停靠量增速继续上升，中至美发货量转升。 ② 5月美国零售商、批发商库存同比下滑，制造商保持平稳，三商库销比均呈现下行趋势。 生产： 反内卷持续推进 ，价格端多有改善。 ① 在成本支撑和市场情绪的带动下，本周螺纹钢产量下行，库存低位续降，价格连续回升；同样 ...