Economic Performance - Chengdu's industrial added value for the first five months of the year increased by 8.0% year-on-year, with a product sales rate of 96.8% among large-scale industrial enterprises [1] - Among different economic types, state-owned enterprises saw a 5.3% increase, foreign and Hong Kong, Macao, and Taiwan-invested enterprises grew by 20.9%, and private enterprises increased by 10.7% [1] - Out of 37 major industries, 24 experienced growth in added value, with notable increases in the automotive manufacturing sector (26.2%), computer, communication, and other electronic equipment manufacturing (18.2%), and electrical machinery and equipment manufacturing (12.9%) [1] Fixed Asset Investment - Fixed asset investment in Chengdu (excluding rural households) grew by 7.0% year-on-year, with private investment increasing by 9.7% [1] - Investment in the primary industry rose by 12.5%, while the secondary industry saw a significant increase of 72.4%, with industrial investment specifically growing by 73.7% [1] Consumer Market - The total retail sales of consumer goods in Chengdu reached 465.0 billion yuan, marking a year-on-year growth of 6.5% [2] - Key product categories showed substantial growth, including telecommunications equipment (92.2%), household appliances and audio-visual equipment (31.3%), and gold and silver jewelry (27.0%) [2] Foreign Trade - Chengdu's total foreign trade import and export volume for the first five months was 351.5 billion yuan, reflecting a year-on-year increase of 10.4% [2] - Exports totaled 205.8 billion yuan, up by 13.7%, while imports reached 145.7 billion yuan, growing by 6.1% [2] Financial Sector - As of the end of May, the balance of deposits in Chengdu's financial institutions was 65.739 billion yuan, an increase of 7.5% year-on-year [2] - The balance of loans in financial institutions was 70.729 billion yuan, reflecting a growth of 10.6% [2]

Economic Growth - Chengdu's industrial added value for the first four months of the year increased by 8.1% year-on-year, with collective enterprises growing by 24.9% and joint-stock enterprises by 6.0% [1] - Among 37 major industries, 25 reported growth, with the automotive manufacturing sector growing by 27.4%, computer, communication, and other electronic equipment manufacturing by 18.8%, and electrical machinery and equipment manufacturing by 11.8% [1] Investment Trends - Fixed asset investment in Chengdu (excluding rural households) rose by 7.9% year-on-year, with private investment increasing by 10.6% [1] - Investment in the primary industry grew by 16.6%, while the secondary industry saw a significant increase of 72.8%, with industrial investment specifically rising by 74.2% [1] Consumer Market - The total retail sales of consumer goods in Chengdu reached 364.46 billion yuan, marking a 6.1% year-on-year increase [1] - Urban retail sales amounted to 320.46 billion yuan, growing by 6.1%, while rural retail sales reached 44 billion yuan, with a growth of 6.4% [1] Consumption Breakdown - Restaurant revenue was 44.93 billion yuan, up by 4.5%, while commodity retail sales were 319.53 billion yuan, increasing by 6.4% [2] - Notable growth in retail categories included telecommunications equipment at 125.0%, gold and silver jewelry at 19.7%, and home appliances and audio-visual equipment at 19.1% [2] Foreign Trade - Chengdu's total foreign trade import and export volume reached 275.98 billion yuan, reflecting an 11.2% year-on-year increase [2] - Exports totaled 161.08 billion yuan, growing by 11.9%, while imports were 114.9 billion yuan, increasing by 10.1% [2]

Core Points - The former head of the State Tobacco Monopoly Administration, Ling Chengxing, was sentenced to 16 years in prison for bribery and abuse of power [1] - Ling Chengxing received a 13-year sentence for bribery and a 5-year sentence for abuse of power, with a total fine of 4 million RMB [1] - The court ordered the confiscation of Ling Chengxing's illicit gains and their proceeds, which will be submitted to the national treasury [1]

Market Overview - US stock index futures rose significantly before the market opened, with Dow futures up 1.69%, S&P 500 futures up 2.20%, and Nasdaq futures up 2.61% [1] - European indices also showed positive movement, with Germany's DAX up 2.34%, UK's FTSE 100 up 2.01%, France's CAC40 up 1.09%, and the Euro Stoxx 50 up 2.36% [2] Commodity Prices - WTI crude oil increased by 0.25% to $63.83 per barrel, while Brent crude oil rose by 0.22% to $67.59 per barrel [3] Corporate News - Boeing (BA.US) reported better-than-expected Q1 results, with free cash flow of $2.3 billion and an adjusted loss per share of $0.49, which was better than market expectations. The company plans to increase the production of the 737 MAX to 38 aircraft per month and aims for 42 by year-end [8] - Philip Morris (PM.US) exceeded Q1 earnings expectations, with net revenue up 15% year-over-year and a significant contribution from its smoke-free products, leading to a stock price surge of over 4% [9] - AT&T (T.US) attracted more wireless users than expected in Q1, adding 324,000 mobile users, surpassing analyst forecasts [10] - New Oriental (EDU.US) reported a slight increase in net profit for Q3, with a 2% decline in total revenue but a 21.2% increase in revenue excluding certain segments [11] - Tesla (TSLA.US) experienced a 40% drop in Q1 profits, with revenue of $19.335 billion, which was below analyst expectations [12] - Volvo (VLVLY.US) reported a 7% decline in Q1 revenue, attributing the drop to a weakened North American truck market [13] - SAP (SAP.US) demonstrated resilience with Q1 profits exceeding expectations, reporting total revenue of €9.013 billion, a 12% year-over-year increase [14] Economic Indicators - The US economy is facing a potential recession risk of nearly 50%, according to Pimco, due to supply chain disruptions and tariff impacts [7] - Concerns over US Treasury bonds have increased, with a significant rise in put option premiums indicating heightened fear in the market [6]