Core Insights - The 20th China International Small and Medium Enterprises Fair (CISMEF) is currently taking place in Guangzhou, showcasing a strong international presence with participants from over 50 countries and regions [2][4] - The event features an international exhibition area that includes products from more than 30 countries, highlighting a diverse range of goods from food to advanced technology [3][5] - The fair serves as a platform for international cooperation, particularly in the context of small and medium enterprises, with a focus on developing resilient supply chains and collaborative opportunities [5][6] Group 1 - The international exhibition area at CISMEF includes unique products such as Spanish ham, Italian chocolate, and advanced materials from South Korea, creating a vibrant marketplace [3] - The event has attracted over 120 participants, including international representatives from 17 countries, emphasizing its global reach and influence [2][6] - Egypt, as the guest country, has over 80 enterprises showcasing diverse products, indicating a deepening collaboration in various sectors [5] Group 2 - The international technology exchange event aims to enhance global technological cooperation and align technological innovations with market demands [6] - Key speakers at the event discussed the importance of innovation and intellectual property in supporting the growth of small and medium enterprises [6] - The discussions highlighted the need for a new intellectual property order to adapt to current international challenges, providing insights for companies' international strategies [6]

Core Viewpoint - The Ministry of Industry and Information Technology has issued an implementation plan to advance green and low-carbon standardization in the industrial and information sectors, focusing on improving resource utilization standards and promoting the comprehensive use of industrial solid waste [1] Group 1: Resource Utilization Standards - The plan emphasizes the need to revise and establish standards for source reduction technologies and evaluation, as well as comprehensive utilization technologies and product standards for major industrial solid wastes such as metallurgical slag, chemical slag, industrial by-product gypsum, and red mud [1] - It aims to promote the large-scale application of industrial solid waste in the production of building materials and roadbed materials [1] Group 2: Waste Management Standards - The initiative includes the development of standards for waste-free parks and enterprises, guiding key industries and industrial parks towards waste-free transformation [1] - There is a focus on the refined dismantling and low-cost, large-scale comprehensive utilization of new solid wastes such as retired photovoltaic components and wind turbine blades [1] Group 3: Battery and Resource Recycling Standards - The plan aims to enhance the standard system for the comprehensive utilization of waste batteries from new energy vehicles and accelerate research on the comprehensive utilization standards for waste lithium-ion batteries from electric bicycles [1] - It also seeks to increase the supply of technical and product standards for the comprehensive utilization of renewable resources, expanding the types and specifications of applicable products [1] - The initiative includes strengthening the revision of remanufacturing technology standards for important electromechanical products [1]

Investment Chain - Prices of copper, aluminum, lead, tin, and silver have risen since June 2025. Fixed asset investment growth rate has decreased to 3.70% as of May 2025, with real estate development investment declining by 10.70% and manufacturing fixed asset investment down to 8.50% [1][2] - Infrastructure investment growth rate has also decreased to 10.42%. Since June 2025, prices of gold, zinc, and nickel have fallen, while coal prices slightly decreased to 663 RMB/ton [1][2] Consumption Chain - Retail sales growth rate has increased, with nominal growth rebounding to 6.40% in May 2025 and cumulative growth rising to 5.00%. Automobile sales growth rate for May 2025 increased to 11.15% [2][3] - The cumulative growth rate for commercial housing sales has declined to -3.62%. Retail sales of home appliances surged with a growth rate of 56.98% in May 2025 [2][3] Export Chain - Export growth rates to the US, Japan, and ASEAN have decreased, while exports to the EU have increased. In May 2025, the export growth rate for toys, lighting, coke, coal, steel, ships, plastics, and auto parts rose, while agricultural products, furniture, and refined oil exports saw declines [3][4] - The electronic export growth rate increased to 21.17% in May 2025, while textile and clothing exports fell to 1.98% [3][4] Price Chain - Oil prices rose, with WTI reaching 64.37 USD/barrel on June 24, 2025. Prices for PVC and MDI have decreased, with PVC at 4680 RMB/ton and pure MDI at 17100 RMB/ton as of June 20, 2025 [4] - Pork prices dropped to 14.45 RMB/kg on June 11, 2025, while new credit increased to 620 billion RMB in May 2025 [4]

Group 1 - In the first five months of the year, China's export value increased by 4.8% year-on-year, a slight decrease from the previous value of 8.1% [1] - The export growth of electromechanical products, which account for 60% of total exports, was notable, with a year-on-year increase of 9.3%, driven mainly by integrated circuits and automobile exports [1] - Exports of mobile phones, automatic data processing equipment and parts, and home appliances faced challenges, with declines of 7.4%, 3.9%, and 3.4% respectively, all below the average growth rate of the electromechanical sector [1] Group 2 - The global smart machinery and electronic products expo is set to take place from December 4 to 6, 2025, in Macau and Zhuhai, aiming to rival major international exhibitions like CES and IFA [3] - The expo will feature six themed exhibition halls and invite 5,000 international business representatives, domestic and foreign buyers, industry leaders, and experts [3] - The choice of the Greater Bay Area for the expo is based on its complete machinery and electronics industry chain and the advantages of the "one exhibition, two cities" model, which leverages Macau's policies to attract international business [3] Group 3 - Despite unfavorable factors in the international trade environment, there are opportunities in green home appliances and electronics, leveraging the EU's carbon tax policy to open market channels [2] - China's high-end consumer electronics maintain strong competitive advantages globally, representing a high-growth potential sector [2] - Emerging markets outside Europe and the United States, such as Latin America and Southeast Asia, present structural growth opportunities for Chinese companies through local partnerships to reduce import tariffs and better access local markets [2]

Economic Overview - Xi'an's economy shows a stable upward trend with industrial production growing rapidly, fixed asset investment remaining stable, and a recovering consumer market [1][2]. Industrial Production - In the first five months, the industrial added value in Xi'an increased by 13% year-on-year. Key sectors include electrical machinery and equipment manufacturing, which grew by 53.3%, and automobile manufacturing, which saw a 35% increase. New energy vehicle production rose by 37.7% [1]. Fixed Asset Investment - Fixed asset investment (excluding rural households) in Xi'an increased by 0.6% year-on-year. Industrial investment grew by 18.6%, accounting for 20.4% of total fixed asset investment, an increase of 3.1 percentage points from the previous year. Notably, investment in industrial technological upgrades surged by 30.8% [2]. Consumer Market - Retail sales of consumer goods in Xi'an reached 114.537 billion yuan, a year-on-year increase of 2.2%. The "old for new" policy positively impacted sales, with home appliances and audio-visual equipment retail sales growing by 16.4% and communication equipment sales increasing by 86.4% [2]. Foreign Trade - Xi'an's total import and export value reached 190.965 billion yuan in the first five months, marking an 11.5% year-on-year increase. Exports alone amounted to 133.567 billion yuan, growing by 16.2%. General trade saw a significant increase of 33.6%, accounting for 37.8% of total trade [3].

Group 1 - The "Wanqi Chuhai Lumaog Global" International Accurate Procurement Matchmaking Conference for machine tools and electromechanical products was successfully held in Tengzhou, Shandong Province [2][14] - The event was attended by key government officials, including Vice Mayor Zhang Longjiang and representatives from various international procurement companies and local manufacturing enterprises [2][11] - Over 50 procurement companies from 14 countries, including Germany, Poland, Uganda, Indonesia, and Pakistan, engaged in trade discussions with more than 150 suppliers from Zaozhuang City [14] Group 2 - The event aims to promote enterprises' international expansion, increase market presence, and boost order acquisition, supported by the Shandong Provincial Department of Commerce [14][16] - Zaozhuang City has been expanding its foreign trade scale and optimizing trade structure, with plans to continue supporting enterprises in their international endeavors [16]

央视网消息（焦点访谈）：今年以来，外部环境复杂变化，单边主义、保护主义抬头，严重冲击国际经贸秩序。大家都很关心，我们的外贸扛不扛得住？中 国经济稳步增长、向新向好的势头会不会受影响？近日，国家统计局等部门发布了5月份和今年前5个月的一些宏观经济数据，我们从这些数据中去寻找答 案。 今年以来，外部环境发生急剧变化，让外贸成为人们关注的焦点。数据显示，5月份，我国货物进出口总额同比增长2.7%，其中出口增长6.3%。 对外经济贸易大学中国WTO研究院院长屠新泉："最近这几个月的外贸政策环境变动非常大，所以大家非常关心5月份外贸数据出台。从这个结果来看，应 该说好于大家的普遍预期，尤其是出口能增长6.3%，这是个相当不错的成绩。一方面还是会有惯性，5月份表现出来的出口数据可能很多是以前下的订单。 另外，确实出口增长反映了制造业的竞争力确实非常强，韧性非常强。" 面对巨大的不确定性，中国一直在拓展更广阔的全球市场。虽然对美国进出口下滑，但对我们的主要贸易伙伴东盟和欧盟，包括共建"一带一路"国家进出口 都持续增长。5月份，我国对东盟、欧盟出口分别增长16.9%、13.7%，对非洲出口增长达到了35.3%。 屠新泉："在 ...

Core Insights - The export data for the first five months of this year shows that most of the top ten foreign trade provinces in China experienced growth, with only Fujian showing a decline, although its decline is narrowing [1][6][9]. Group 1: Export Performance by Province - Guangdong, the largest foreign trade province, saw a modest export growth of 0.9%, while Jiangsu and Zhejiang, the second and third largest provinces, reported a significant export growth of 9.6% [2][15]. - Fujian's export decline narrowed to -8.2%, with traditional industries in Fuzhou and Quanzhou experiencing notable drops, although the growth in machinery and electrical products helped mitigate the decline [1][6]. - Henan province reported an impressive export growth of 43.1%, driven by electric vehicles and silver processing, ranking third in national foreign trade growth [10][12]. Group 2: Key Export Products and Trends - In Zhejiang, machinery and electrical products accounted for a substantial portion of exports, with a growth rate of 12.6%, contributing significantly to the overall export growth [3][4]. - The export of electric vehicles in Zhejiang surged by 86.0%, while shipbuilding also showed strong performance with an 18.2% increase [3]. - In Henan, machinery and electrical products made up over 60% of exports, with a notable growth of 66.6% in this category [10][12]. Group 3: Market Dynamics and Challenges - Fujian's reliance on traditional industries, such as textiles and footwear, has led to a decline in export growth, highlighting the need for upgrading to higher value-added products [7][8]. - The shift of some orders to Southeast Asia and Latin America due to international supply chain restructuring has weakened Fujian's traditional manufacturing export advantages [6][7]. - Zhejiang's exports to emerging markets, including the EU and ASEAN, have shown robust growth, indicating a positive outlook for diversification in trade [4].

Group 1 - The total value of foreign trade in Liaoning Province reached 304.8 billion yuan in the first five months of this year, with exports increasing by 12.1% to 161.55 billion yuan, setting a historical record for the same period [1] - Despite a slight year-on-year decline of 1.8% in total import and export value, the decline has narrowed by 1.4 percentage points compared to the first four months, indicating a clear trend of stabilization and recovery [1] - Private enterprises have emerged as the main force in foreign trade, with an import and export value of 158.68 billion yuan, a year-on-year increase of 9.9%, accounting for 52.1% of the province's total, up 5.5 percentage points from the same period last year [1] Group 2 - The structure of trade methods is optimizing, with general trade totaling 195.74 billion yuan, accounting for 64.2% of the total. Bonded logistics have surged, with imports and exports reaching 48.62 billion yuan, a significant increase of 28.2% [1] - Liaoning's trade with the EU and ASEAN remains strong, with import and export values of 44.78 billion yuan and 43.58 billion yuan respectively. Trade with ASEAN has shown a robust growth rate of 14% [2] - Exports of electromechanical products, a key pillar, reached 80.36 billion yuan, a year-on-year increase of 6%, accounting for 49.7% of total exports [2] Group 3 - The increase in exports to emerging markets and free trade partners, along with the significant rise in the share of private enterprises, reflects the effectiveness of national and local policies aimed at stabilizing foreign trade [3] - The achievements in foreign trade are indicative of the successful transformation and upgrading of Liaoning's industries, enhancing the international competitiveness of its enterprises [3] - The strong performance in foreign trade is expected to provide solid external support and confidence for the comprehensive revitalization of Northeast China [3]

据港交所文件：深圳市兆威机电（003021）股份有限公司向港交所提交上市申请书。 ...