Core Insights - China's total goods trade value for the first four months of the year reached 14.14 trillion yuan, a year-on-year increase of 2.4% [1] - Exports amounted to 8.39 trillion yuan, growing by 7.5%, while imports were 5.75 trillion yuan, declining by 4.2% [1] - In April alone, the total trade value was 3.84 trillion yuan, reflecting a growth of 5.6%, with exports accelerating to 9.3% and imports turning positive at 0.8% [1] Trade Partners - ASEAN remains China's largest trading partner, with a trade value of 2.38 trillion yuan from January to April, an increase of 9.2%, accounting for 16.8% of total foreign trade [1] - The EU is the second-largest trading partner, with exports to the EU reaching 1.21 trillion yuan, growing at a rate of 6.1% [1] Trade with the US - Following the implementation of the "reciprocal tariffs" on April 9, trade with the US in April totaled 326.92 billion yuan, a decrease of 13.25% from March [1] - Exports to the US were 236.8 billion yuan, down 17.59% compared to March [1] Export Resilience - Exports to major countries (excluding the US and UK) showed accelerated growth in the first four months compared to the first quarter [2] - Port cargo throughput increased by 5.6% year-on-year and 3.2% month-on-month in April, indicating overall export resilience [2] Product Categories - In the first four months, China exported 5.04 trillion yuan worth of electromechanical products, a growth of 9.5%, making up 60.1% of total exports [2] - Notable growth was seen in automatic data processing equipment and components, which reached 458.71 billion yuan, growing by 5.6% [2] - High-tech product exports totaled 536.03 billion yuan, increasing by 7.6%, showcasing strong global competitiveness [2]

Economic Overview - Shenzhen's economy showed overall stability and progress in the first five months of the year, with industrial production maintaining a steady growth of 3.5% year-on-year in the scale of above-designated size industries [1] - High-tech product output continued to grow rapidly, with significant increases in civilian drones (68.0%), 3D printing equipment (40.7%), and industrial robots (38.8%) [1] Investment Trends - Fixed asset investment in Shenzhen faced pressure, declining by 9.2% year-on-year, with real estate development investment down by 11.9% [2] - Industrial technology transformation investment surged by 48.2%, while information transmission, software, and IT service industries grew by 48.7% [2] - Social retail sales showed a notable recovery, with total retail sales reaching 411.59 billion yuan, a year-on-year increase of 4.7% [2] Consumer Behavior - The consumption of basic living goods performed well, with retail sales of daily necessities and grain and oil products increasing by 10.6% and 10.4%, respectively [2] - The "old for new" policy in consumer goods continued to show effectiveness, with significant growth in retail sales of home appliances (74.9%) and cultural office supplies (34.4%) [2] - Online retail also saw robust growth, with sales through the internet increasing by 25.6% [2] Foreign Trade - Shenzhen's total import and export value decreased by 1.9% year-on-year, with exports falling by 8.6% and imports rising by 10.1% [3] - High-tech product exports grew by 6.2%, indicating a positive trend in this sector despite overall declines [3] Financial Sector - Financial institutions in Shenzhen reported a steady increase in deposits and loans, with total deposits reaching 14 trillion yuan, a year-on-year growth of 5.0% [3] - The loan balance also increased by 2.9%, reflecting a stable financial environment [3] Price Trends - Consumer prices in Shenzhen experienced mild inflation, with an overall increase of 0.1% year-on-year [3] - Specific categories showed varied price changes, with food and beverage prices up by 0.7% and clothing prices up by 1.4% [3]