Group 1: Export Performance - In June, China's exports increased by 5.8% year-on-year, surpassing the expected 3.6% and the previous value of 4.8%[3] - The significant narrowing of the year-on-year decline in exports to the U.S. by 18.4 percentage points to -16.1% contributed to a total export increase of 1.3 percentage points[4] - The rebound in exports to ASEAN and Hong Kong regions contributed an additional 0.8 percentage points to overall export growth in June[4] Group 2: Factors Influencing Export Growth - The temporary suspension of tariffs since May has positively impacted export orders, with the SCFI index reflecting a significant rise in shipping rates[3] - The depreciation of the RMB against the Euro and the European Central Bank's interest rate cuts have supported resilient export performance to the EU[4] - Exports measured in RMB showed a stronger performance with a year-on-year growth of 7.2% in June, compared to the dollar-denominated figures[4] Group 3: Future Outlook and Risks - The sustainability of external demand remains a critical variable, with concerns about the U.S. demand's capacity for further growth[5] - High-frequency indicators suggest a decline in export momentum, with noticeable drops in port cargo volumes and container shipping rates to the U.S. in early July[5] - Risks include potential policy changes, unexpected shifts in domestic economic conditions, and unforeseen fluctuations in export dynamics[7]