Group 1: Market Overview - The A-share market experienced slight declines during the past week, with the Shanghai Composite Index down 0.03%, the Shenzhen Component Index down 0.91%, and the ChiNext Index down 1.4% as the Dragon Boat Festival holiday comes to an end [1] Group 2: Trade Relations and Tariffs - The U.S. Trade Representative's office has extended the exemption period for certain tariffs under Section 301 against China, originally set to expire on May 31, 2025, now extended to August 31, 2025 [3] - The Chinese Ministry of Commerce responded to U.S. claims of violations regarding the Geneva trade talks, emphasizing that China has adhered to the agreements made and criticized the U.S. for introducing discriminatory measures against China [5][6] Group 3: Manufacturing and Economic Indicators - China's manufacturing Purchasing Managers' Index (PMI) for May stands at 49.5%, an increase of 0.5 percentage points from the previous month, indicating an improvement in manufacturing sentiment [7] Group 4: Automotive Industry - The China Association of Automobile Manufacturers issued a statement opposing the recent price wars among car manufacturers, highlighting that such competition negatively impacts industry profitability and sustainability [9][11] - The Ministry of Industry and Information Technology announced plans to strengthen regulations against "involution" in the automotive sector to maintain fair competition [10] Group 5: Analyst Insights - Analysts from various firms provided insights on the market outlook, with a focus on the resilience of domestic demand and the potential for upward movement in the market due to easing tariff tensions and improving economic indicators [16][17][18][19][20][21][22][24][25][26]