Core Points - The "Shenzhen Waterway Ship Safety Navigation Regulations" will officially implement on July 20, aiming to systematically regulate ship navigation behavior in Shenzhen waters [1] - The regulations consist of six chapters with 49 articles, addressing various aspects of ship navigation, anchoring, and operational behavior [1] - Shenzhen Port ranks fourth globally in container throughput, with significant increases in ship traffic and container volume in the first half of the year [1][2] Group 1: Regulatory Framework - The regulations fill several gaps in Shenzhen's navigation management, including the first designation of inland navigation waters and the establishment of safety condition verification ranges [1][2] - The regulations also implement zoned speed limits for vessels, enhancing navigation safety in increasingly complex maritime environments [2] Group 2: Green Development Initiatives - The regulations provide institutional support for the adoption of green energy fuels such as LNG and methanol, promoting safe operations in these new sectors [3] - Shenzhen Maritime Bureau is working on establishing safety regulations for LNG refueling operations and has released guidelines for methanol operations with support from Hong Kong [3] Group 3: Economic Development and Trade - The Maritime Bureau has developed industry standards for the safe transport of lithium batteries and related equipment, significantly reducing shipping costs for electric vehicles and large energy storage units [3] - Efforts are underway to enhance the yacht tourism economy in the Greater Bay Area, with over 260 yachts participating in a "freedom travel" program and tailored services for international cruise ships [3]

Core Insights - The "New Three Items" (lithium-ion batteries, electric passenger vehicles, and solar cells) exports from China showed a total export value of $645.7 billion from January to May 2025, marking a 6.1% increase year-on-year [1] - In May 2025, the total export value reached $150.0 billion, reflecting a 17.1% year-on-year growth [1] - The export of lithium-ion batteries, electric passenger vehicles, and solar cells accounted for 44.2%, 38.0%, and 17.8% of the "New Three Items" exports, respectively [2] Export Performance - The export of lithium-ion batteries in May amounted to $60.3 billion, a 24.7% increase year-on-year, while the quantity exported was 45,260.2 thousand units, reflecting a 21% increase [3] - Solar cell exports in May totaled $24.5 billion, showing a 14.1% decline year-on-year, but the quantity exported increased by 74.2% [5] - Electric passenger vehicles saw an export value of $65.2 billion in May, a 27.3% increase year-on-year, with 340,314 units exported, marking a 42.7% increase [6] Regional Contributions - Jiangsu regained the top position in "New Three Items" exports, driven primarily by electric passenger vehicles, which saw a 48.5% year-on-year increase [9] - Shanghai contributed significantly to the national growth of "New Three Items" exports, with a 50.2% year-on-year increase in May [10] - In May, 20 out of 31 provinces reported year-on-year growth in "New Three Items" exports, with regions like Ningxia and Gansu exceeding 100% growth [7] Market Dynamics - The export to Germany remains the largest market for "New Three Items," contributing 4.3 percentage points to the overall growth in May [12] - Emerging markets such as the UAE, Saudi Arabia, and Turkey showed significant contributions to the year-on-year growth of "New Three Items" exports [13] - Exports to the US faced a notable decline, with a year-on-year decrease of 21.6% in May, significantly impacting the overall export growth [15][16] Summary of Key Metrics - The "New Three Items" exports accounted for 4.2% of China's total exports from January to May, contributing approximately 0.34 percentage points to the overall export growth [2] - The average export price of lithium-ion batteries in May was $14.9 per unit, reflecting a 2.7% increase year-on-year [3] - The total export value of "New Three Items" in May was $150.0 billion, with a breakdown of $60.3 billion for lithium-ion batteries, $24.5 billion for solar cells, and $65.2 billion for electric passenger vehicles [1][3][6]

Core Insights - The report highlights the export status of China's "new three items" (lithium-ion batteries, electric passenger vehicles, and solar cells) for the first quarter of 2025, indicating a total export value of $334.1 billion, a slight increase of 0.5% year-on-year [1][2]. Group 1: Export Performance - In March 2025, the total export value of "new three items" reached $129.6 billion, representing a year-on-year growth of 5.3%, with exports of $124.1 billion, up 5.7% year-on-year [1][3]. - Lithium-ion batteries accounted for 46.2% of the export value, electric passenger vehicles for 34%, and solar cells for 19.8%, with lithium-ion batteries' share increasing by 8.5 percentage points compared to the previous year [1][3]. - The export value of lithium-ion batteries in March was $57.3 billion, a 29.5% increase year-on-year, while the export quantity grew by 25.3% [3][5]. Group 2: Regional Performance - Guangdong province had the highest export value for "new three items" in March, totaling $217.15 million, a year-on-year increase of 69.8%, contributing significantly to national export growth [9][10]. - Among the 31 provinces, 19 experienced year-on-year growth in "new three items" exports, with Qinghai, Gansu, Guizhou, Yunnan, Sichuan, and Henan showing the fastest growth rates, all exceeding 150% [7][8]. Group 3: Export Destinations - The top ten export destinations for March included Germany, the United States, and India, with their respective shares being 9.8%, 9.5%, and 4.8% [12][14]. - The concentration of export destinations reached a historical low, with the top ten accounting for only 50.2% of total exports, a decrease from previous years [12][14]. Group 4: Impact of Trade Policies - The report indicates that the recent trade tensions, particularly with the U.S., have significantly impacted the export of lithium-ion batteries, which constitute 94% of the "new three items" exported to the U.S. [15][16]. - The provinces most affected by U.S. tariffs on lithium-ion batteries are Fujian and Guangdong, which account for 48% and 26.5% of exports to the U.S., respectively [15][16].