Domestic Macro - Demand Side - As of July 4, 2023, the passenger car sales in June reached 2.032 million units, a year-on-year increase of 15.8%[2] - The average number of domestic flights executed this week was 14,200, a month-on-month increase of 11.46%[2] - The Baltic Dry Index (BDI) averaged 1,442.75, a month-on-month decrease of 13.9% and a year-on-year decrease of 24.6%[2] Domestic Macro - Production Side - As of July 4, 2023, the operating rate of blast furnaces was recorded at 83.44%, a slight decrease of 0.4 percentage points[3] - The operating rate for PTA production was 79.13%, maintaining a high level[3] - The operating rate for automotive semi-steel tires was 70.41%, a month-on-month decrease of 7.64 percentage points[3] Price Performance - As of July 4, 2023, the average wholesale price of pork increased by 0.75% week-on-week, while the futures settlement price rose by 2.43%[2] - Brent crude oil prices fell by 0.25%, while WTI crude oil prices increased by 0.90%[3] - The prices of rebar and iron ore increased by 1.36% and 0.99% respectively this week[3] Fiscal Policy - This week, the issuance of ordinary government bonds reached 199.9 billion, with an issuance progress of 55.5%[3] - New special bonds (excluding debt replacement) amounted to 45.8 billion, with an issuance progress of 48.7%[3] Overseas Macro and Market - The "Big and Beautiful" Act is expected to increase the deficit by $3.4 trillion over ten years, potentially pushing the U.S. deficit rate to 7%[4] - The U.S. non-farm payrolls in June added 147,000 jobs, exceeding expectations, primarily due to a significant increase in state and local government education jobs[4] - The ISM manufacturing PMI for June was reported at 49.0, slightly better than the expected 48.8, indicating a contraction in manufacturing[4]