Group 1 - The 21st China (Shenzhen) International Cultural Industries Fair will be held from May 22 to 26, with a significant "policy package" to support six key areas for high-quality cultural industry development [2] - The European Union plans to impose handling fees on small packages entering the EU, with China's Ministry of Foreign Affairs advocating for a fair and transparent business environment for Chinese enterprises [2] - China and the ten ASEAN countries have completed negotiations for the China-ASEAN Free Trade Area 3.0, adding nine new chapters including digital economy and green economy [2] Group 2 - International gold prices rebounded on May 21, with domestic gold jewelry prices surpassing 1,000 yuan per gram, with notable increases from major retailers [3] - Several banks, including Ping An Bank and CITIC Bank, have lowered deposit rates, particularly for medium- and long-term deposits, with some banks suspending five-year term deposits [3] - A surge in A-share buyback and increase plans has been observed, with 394 companies announcing such plans since the second quarter of 2025, a rise of over 60% compared to the first quarter [3] Group 3 - The Hong Kong Hang Seng Index closed up 0.62%, with BYD shares rising over 4% to a new historical high, and southbound funds net buying exceeding 1.4 billion HKD [4] - UBS noted a growing international interest in Chinese assets, highlighting the strategic importance of the Chinese stock market for global investors seeking excess returns [4] Group 4 - Baidu reported Q1 revenue of 32.452 billion yuan, a 3% year-on-year increase, with a notable 42% growth in Baidu Smart Cloud [5] - Xpeng Motors achieved Q1 revenue of 15.81 billion yuan, a 141.5% year-on-year increase, with a projected delivery volume of 102,000 to 108,000 units in Q2 [5] - Weibo's Q1 revenue remained stable at 396.9 million USD, with a 12% year-on-year increase in adjusted net profit [5] Group 5 - The stock price for Naxin Microelectronics was set at 163.15 yuan per share, with a subscription rate of 1.29 times from institutional investors [6] - The U.S. stock market saw declines across major indices, with significant drops in Chinese concept stocks such as iQIYI and Baidu [6]

Group 1 - The recent tariff policy in the U.S. has led to significant economic concerns, with a notable decline in GDP by 0.3% in Q1, marking the first contraction in three years [2] - Consumer spending, a critical component of the U.S. economy, grew only 1.8% in Q1, the slowest rate since mid-2023 [2] - Various industries, including agriculture, pharmaceuticals, shipping, apparel, and retail, are experiencing severe impacts from the tariff policy, leading to widespread investor sell-offs and consumer dissatisfaction [2] Group 2 - A survey by the American Toy Association revealed that over 80% of the 400+ companies surveyed are delaying or canceling orders due to tariff impacts, with nearly half fearing bankruptcy within months [3] - The agricultural sector, traditionally a strong export area for the U.S., is facing turmoil, with small farms struggling to survive amid the tariff war [4] - The Port of Los Angeles, the largest container receiving port in the U.S., is expecting a 35.91% year-on-year decline in container arrivals for the week of May 4-10, indicating a significant slowdown in imports [4] Group 3 - The logistics industry, employing approximately 9 million people nationwide, is likely to see reduced demand for truck transportation and warehouse work due to declining container volumes, which could lead to widespread layoffs [5] - Economic experts warn that the ongoing decline in imports may result in material shortages and increased prices for consumers, creating a dual challenge of empty shelves and rising costs [5] - Concerns are growing among political and economic figures regarding the long-term effects of the tariff policy, with warnings that it could push the U.S. economy towards a recession [6] Group 4 - The tariff policy is viewed as a significant tax increase, potentially adding thousands of dollars to the tax burden of middle-class families [6] - Experts argue that the new tariffs will reduce manufacturing jobs rather than increase them, undermining the competitiveness of U.S. manufacturing [6] - The current tariff strategy is described as a "national disaster," with predictions of delayed investment decisions and declining consumer confidence [6][7]