Group 1: Core Views - The Chinese Ministry of Commerce emphasizes the importance of maintaining stable industrial and supply chains with key trading partners, including South Korea, Japan, New Zealand, and Canada, to foster economic cooperation and development [2][3][4][6]. Group 2: Meetings with South Korea - Wang Wentao, the Minister of Commerce, met with South Korean Minister of Trade, Industry and Energy, Kim Jong-hwan, discussing the need for enhanced communication and cooperation to stabilize supply chains and promote bilateral trade [2]. - Both parties agreed to strengthen dialogue mechanisms, including export control discussions and trade remedy cooperation, to ensure smooth trade relations [2]. Group 3: Meetings with Japan - During a meeting with Japan's Minister of Economy, Trade and Industry, Akazawa Ryozo, Wang highlighted the impact of unilateralism and protectionism on international trade and called for collaborative efforts to maintain supply chain stability [3]. - The Chinese side urged Japan to remove certain entities from its export control list to facilitate trade [3]. Group 4: Meetings with New Zealand - In discussions with New Zealand's Trade Minister, Damien O'Connor, Wang noted the high degree of economic complementarity between China and New Zealand and emphasized the need to deepen practical cooperation in various fields [4]. - Both sides expressed commitment to advancing the negotiations on the negative list for services trade under their free trade agreement [4]. Group 5: Meetings with Canada - Wang met with Canadian Minister of International Trade, Mary Ng, where they discussed the strong trade momentum between China and Canada and the importance of implementing the consensus reached by their leaders [6]. - The two countries agreed to enhance cooperation in trade, energy, and cultural exchanges while addressing mutual economic concerns [6].

Group 1: Financial Support for Consumption - The People's Bank of China and five other departments issued guidelines to enhance financial support for consumption, focusing on both product and service consumption, with a special loan quota of 500 billion yuan for service consumption and elderly care [3][4][8] - The "old-for-new" consumption policy has shown significant results, with sales of related products exceeding 1.4 trillion yuan this year, indicating its effectiveness in stimulating demand and stabilizing economic growth [6][7] Group 2: Economic Stability and Global Cooperation - Premier Li Qiang emphasized the importance of maintaining free trade and multilateralism to promote global economic stability during the 2025 Summer Davos Forum [4][5] - The commitment to open cooperation and mutual development is crucial for addressing global economic challenges and fostering a responsible international presence [5] Group 3: Policy Implementation and Market Adjustments - The National Development and Reform Commission announced that the third batch of funds for the "old-for-new" consumption policy will be distributed in July, continuing efforts to stimulate consumption [6] - The China Securities Regulatory Commission and the People's Bank of China released a plan for the high-quality development of inclusive finance, aiming to build a comprehensive inclusive financial system over the next five years [7][8] Group 4: Stock Market Regulation Changes - The Shanghai and Shenzhen Stock Exchanges proposed to adjust the price fluctuation limit for risk-warning stocks from 5% to 10%, aligning with other main board stocks to improve pricing efficiency and liquidity [9] - This adjustment may lead to increased volatility and potential risks for retail investors, as the maximum daily fluctuation could reach 20% [9] Group 5: Manufacturing Sector Insights - In June, the manufacturing Purchasing Managers' Index (PMI) rose to 49.7%, indicating a slight improvement in economic conditions, with 11 out of 21 surveyed industries showing expansion [10] - The new orders index returned to the expansion zone at 50.2%, suggesting a recovery in market demand and improved manufacturing fundamentals [10]