Core Viewpoint - The suggestion to promote cross-border settlement in Renminbi (RMB) within the framework of the China International Import Expo (CIIE) aims to enhance the use of RMB in international trade, which currently stands at only about 3% [1][2]. Group 1: Current Situation - The proportion of RMB in international settlements is approximately 3%, which is inconsistent with China's status as a major global trading nation [1]. - China's manufacturing sector accounts for about one-third of global production, yet the low percentage of RMB in international settlements highlights a significant mismatch [1]. Group 2: Recommendations - It is proposed to develop a roadmap to encourage the use of RMB for settlements at the CIIE, with a target to increase the RMB settlement ratio to 25% to 30% in a relatively short time [1]. - The CIIE could focus on key commodity sectors, such as allowing transactions for Norwegian salmon to be settled in RMB [1]. Group 3: Integration with Digital Currency - The integration of RMB internationalization with the development of digital RMB is suggested, emphasizing the need to combine efforts for both import and export payments using RMB [1]. - The gradual exploration of these initiatives is expected to enhance trade facilitation and help RMB evolve into an international transaction, payment, and reserve currency [2].

Group 1 - The F-35 production line has been disrupted due to a shortage of neodymium-iron-boron magnets, exacerbated by China's rare earth supply cut [1] - The U.S. trade war initiated by Trump has led to significant consequences for American manufacturing, with many companies relocating production to other countries [1][3] - U.S. Customs data shows that China's export share to the U.S. dropped to 12.5% in Q1 2024, while exports to ASEAN surged by 22% [3] Group 2 - The agricultural sector has faced severe challenges, with a 57% increase in bankrupt farms and a 15% drop in land prices in Iowa due to the absence of Chinese buyers [4] - The semiconductor industry is experiencing disruptions, with TSMC's Arizona factory halted due to a lack of neon gas from China [4][8] - The U.S. has seen a significant increase in costs due to tariffs, with the automotive sector alone facing an additional $450 billion in expenses [3][7] Group 3 - The U.S. bears 92% of the tariff costs, while Chinese exporters only absorb 8% [6] - The trade landscape is shifting, with countries like Argentina and Bangladesh increasingly using the renminbi for trade, indicating a decline in U.S. dollar dominance [6][8] - The manufacturing sector is struggling with rising costs and job losses, as evidenced by Ford's layoffs and the closure of GM's Ohio plant [7] Group 4 - The aerospace industry is facing significant challenges, with Boeing's market value dropping by $72 billion due to the loss of the Chinese market [7] - The semiconductor equipment investment in China is now 1.8 times that of the U.S., indicating a growing technological gap [8] - The U.S. is investing heavily in supply chain adjustments, with $3.9 billion allocated to "de-China" supply chain costs [9]

Group 1 - The meeting between the Chinese Embassy in Sierra Leone and the Sierra Leonean Minister of Finance focused on trade and investment cooperation, development assistance, and cross-border settlement in Renminbi [1]

Core Insights - The journey of blueberries from Yunnan, China to Moscow takes only 5 days, showcasing the efficiency of the agricultural supply chain and logistics in China [1] Group 1: Export Achievement - On May 1, a flight carrying 760 kilograms of fresh blueberries departed from Xianyang International Airport, marking the first air shipment of blueberries to Moscow by Yangling Guohe Cross-Border Trade Co., Ltd. [3] - This export signifies a dual breakthrough in international trade and cross-border payment innovation for Yangling, contributing to the development of Shaanxi's outward-oriented economy [3] Group 2: Financial Impact - The blueberries were exported with cross-border settlement in RMB, highlighting the increasing importance of the RMB in international transactions and reducing exchange rate risks for enterprises [5] - In the first quarter of this year, Yangling Modern Agriculture International Cooperation Group Co., Ltd. reported a total import and export value of 39.836 million yuan, a year-on-year increase of 214% [5] Group 3: Strategic Significance - The blueberry export to Moscow serves as an important demonstration for Yangling's agricultural industry, opening new pathways for agricultural exports and showcasing the company's capabilities in supply chain integration and cross-border trade services [7] - This success encourages other agricultural enterprises to engage in international market competition, enhancing the international recognition and market share of Yangling's agricultural products [7]