Core Insights - The 2024 Sichuan Water Resources Bulletin indicates a total water resource volume of 2,434.38 billion cubic meters, which is 5.1% lower than the multi-year average but 12.3% higher than in 2023 [1] Water Supply and Usage - Total water supply and usage in Sichuan for 2024 is 255.21 billion cubic meters, with surface water accounting for 94.7% of the supply [2] - Agricultural water usage is 163.02 billion cubic meters, making up 63.9% of total usage, while industrial and domestic water usages are 20.65 billion cubic meters (8.1%) and 61.33 billion cubic meters (24.0%) respectively [2] Trends in Water Usage - Over the past five years, total water usage in Sichuan has increased by 18.35 billion cubic meters [2] - Domestic water usage has risen from 53.57 billion cubic meters in 2020 to 61.33 billion cubic meters in 2024, while ecological environment water usage has increased from 5.89 billion cubic meters to 10.21 billion cubic meters [3] Agricultural Water Efficiency - Agricultural water usage has fluctuated, increasing from 153.88 billion cubic meters in 2020 to 163.02 billion cubic meters in 2024, with a peak in 2022 due to severe drought conditions [3] - The effective utilization coefficient of irrigation water in agriculture has improved from 0.484 in 2020 to 0.509 in 2024, indicating enhanced water management and efficiency [6] Industrial Water Usage - Industrial water usage has decreased from 23.52 billion cubic meters in 2020 to 20.65 billion cubic meters in 2024, while industrial added value has increased from 13,428.7 billion yuan to 17,884.0 billion yuan [5] - The water usage per unit of industrial added value in Sichuan is 11.5 cubic meters per 10,000 yuan, which is 6.5 cubic meters lower than in 2020 and significantly below the national average of 24.0 cubic meters [5]

Domestic News - The Chinese government aims to improve water efficiency, with the water consumption per ten thousand GDP decreasing by 4.4% in 2024 compared to 2023 [1] - The Ministry of Water Resources reported a slight increase in total water consumption nationwide, while unconventional water supply continues to rise, optimizing the water source structure [1] - The State Council is advancing legislative work for 2025, focusing on various financial regulations and management guidelines [2] - China has established the world's largest internet-based electricity service system, with over 400 million registered users and an online processing rate exceeding 97% [2] - In the first five months of this year, China approved 468 new national standard substances, marking a 65.9% year-on-year increase [2] - The China Logistics and Purchasing Federation reported a warehouse index of 50.5% for May, indicating stable growth in the warehousing sector [3] - Chongqing has released a list of 42 low-altitude economic application scenarios and 40 capability lists, focusing on modern urban governance and low-altitude logistics [3] - Zhengzhou is enhancing consumer subsidies in key sectors like automobiles and home appliances, launching a gold and jewelry consumption subsidy program [3] International News - Emerging markets have seen record inflows of funds into stocks and bonds over the past eight weeks, with nearly $95 billion in cash inflows in the latest week [5] - The Bank of Thailand has revised its inflation forecast for the year to a range of 0.0% to 1.0% [5] - The Reserve Bank of India unexpectedly cut interest rates by 50 basis points, marking the third consecutive rate cut, with a total reduction of 100 basis points since 2025 [5] - The Swiss National Bank stated it does not aim to prevent trade balance adjustments or gain unfair competitive advantages for the Swiss economy [5]

Group 1 - China will approve compliant rare earth export license applications and urges the US to lift all trade restrictions, including the 301 tariffs [2][2] - The Ministry of Commerce will actively cooperate with relevant departments to address the "involution" competition in the automotive industry, promoting fair market order [2][2] - The National Bureau of Statistics announced the establishment of 10 national data element comprehensive pilot zones to enhance the integration of the real economy and digital economy [2][2] Group 2 - In May, retail sales of new energy vehicles in China reached 1.056 million units, a year-on-year increase of 30%, with a market penetration rate of 53.5% [2][2] - The Hong Kong stock market's total market capitalization reached HKD 40.9 trillion by the end of May 2025, a year-on-year increase of 24% [2][2] - A total of 439 A-share companies conducted buybacks in the past month, with a total amount of CNY 26.689 billion, a year-on-year increase of 51.83% [2][2] Group 3 - The People's Bank of China will conduct a 1 trillion yuan reverse repurchase operation with a term of 3 months, enhancing policy transparency [2][2] - The China Securities Index Company will officially launch the CSI Haitong Asset Management Technology Theme Bond Index and the CSI Haitong Asset Management Green Theme Bond Index [2][2] - The A-share listed companies are entering a concentrated phase for profit distribution, with nearly 1,300 companies executing their 2024 annual distribution plans [2][2]