东京通胀四个月来首次放缓，因能源价格涨势减弱，且市政府在全国大选前减免了部分家庭水费。此次 选举很可能以生活成本危机为中心议题。周五公布的数据显示，6月份东京都剔除生鲜食品的消费者价 格同比上涨3.1%，低于经济学家预估中值3.3%。 标普全球市场财智首席经济学家田口晴海表示："本次数据中，米价涨势放缓与能源价格拖累效应显 著，政策因素确实压低了整体数值。由于进口价格持续回落，未来上行压力已不及此前强劲。" 作为全国数据的领先指标，东京通胀放缓或为石破茂首相在7月20日参议院选举前赢得喘息空间。上周 东京都选举中，执政的自民党遭遇史上最差战绩，持续高通胀引发民众不满。 日本首相上月重启汽油补贴政策，5月同比暴涨超一倍的米价引发举国关注，政府随即采取释放应急储 备等措施。农林水产省数据显示，这些措施实施后，大米周均价格已连续四周回落。 整体通胀率同样为3.1%，较5月份的3.4%有所回落。这一数据仍远高于日本央行2%的价格目标，在全球 贸易不确定性消除后，央行将继续考虑下次加息的时机。 电价同比上涨5.3%，较上月10.8%的涨幅明显放缓，天然气和燃料油价格涨幅也有所收窄。汽油价格同 比下跌1%，逆转了上月6. ...

近期，我局组织开展了食品安全监督抽检，抽取茶叶及相关制品、炒货食品及坚果制品、淀粉及淀粉制品、调味品、豆制品、方便食品、糕点、罐头、酒 类、冷冻饮品、粮食加工品、肉制品、乳制品、食糖、食用油、油脂及其制品、蔬菜、蔬菜制品、薯类和膨化食品、水果类、水果制品、速冻食品、糖果制 品、蛋制品、饮料、餐饮食品等26大类食品及食品相关产品608批次样品，其中检出18批次不合格样品，主要是农药残留超标、食用添加剂超标、污染物超 标，微生物污染等问题。 对抽检中发现的不合格食品，自治区市场监管局已责令呼和浩特市、赤峰市、锡林郭勒盟、巴彦淖尔市、满洲里市市场监管局立即组织开展核查处置，查清 产品流向，督促企业采取下架召回不合格产品等措施控制风险；对违法违规行为，依法从严处理；及时将企业采取的风险防控措施和核查处置情况向社会公 开，并向自治区市场监管局报告。 现将抽检不合格具体情况通告如下： 一、农药残留超标问题 （一）锡林郭勒盟太仆寺旗福顺全家福生活超市销售的精品香蕉，噻虫嗪不符合食品安全国家标准规定。检验机构为内蒙古自治区市场监督管理审评查验中 心。 （二）巴彦淖尔市临河华联超市有限公司销售的韭菜，氯氟氰菊酯和高效氯氟氰菊酯 ...

强化机制建设，常态监管织密防线。为巩固整治成效，推动实事办理常态化长效化，县局着力构建严密 监管网络：一是建立"检查、整改、回头看"闭环监管机制，对发现问题实行台账管理，确保整改到位。 二是加大日常巡查力度，压实经营者主体责任。三是强化部门协同联动，与农业农村、公安等部门建立 健全联合执法机制，形成监管合力。四是坚持突击检查与日常监管相结合，保持高压态势不松懈。 注重宣教引导，社会共治提升效能。 在严格执法同时，县局积极营造社会共治氛围：一方面，加大普 法宣传力度，通过典型案例曝光、"食品安全进社区"等活动，提升经营者守法意识和消费者维权能力。 另一方面，公开整治成效，回应群众关切，食品安全诚信经营环境得到明显改善，群众满意度显著提 升。 镇原县市场监管局负责人表示，将继续秉持"最严谨的标准、最严格的监管、最严厉的处罚、最严肃的 问责"要求，持续深化民生领域专项整治，不断筑牢食品安全防线，切实守护好人民群众"舌尖上的安 全"，以实绩实效提升群众获得感、幸福感、安全感。 镇原县市场监督管理局始终将保障人民群众"舌尖上的安全"作为头等大事和民生实事，紧盯群众在食品 安全领域的急难愁盼问题，以"零容忍"态度强力推进 ...

Group 1 - Kroger's latest quarterly sales exceeded expectations, indicating that consumers continue to purchase essential goods even during economic turmoil [1] - The company's same-store sales growth, excluding fuel, was 3.2%, outperforming Wall Street analysts' expectations [1] - Kroger raised its full-year sales forecast to a range of 2.25%-3.25% but maintained other financial guidance unchanged [1] Group 2 - Kroger reported Q1 revenue of $45.12 billion, a year-over-year decline of 0.4%, which was below market expectations [1] - The non-GAAP earnings per share were $1.49, higher than the market expectation of $1.52 [1] - The CFO stated that despite the strong performance, macroeconomic uncertainties remain, leading to unchanged performance guidance [1] Group 3 - Kroger plans to close approximately 60 stores over the next 18 months, which will result in a $100 million impairment charge [1] - The company's stock has risen 7.2% year-to-date, outperforming the S&P 500 index [1] Group 4 - Consumers are increasingly focused on value, opting for promotional or lower-priced products, while some consumer confidence indicators remain weak [2] - The impact of President Trump's tariff policies has reignited concerns over inflation [2] - Kroger is in need of new growth points following the failed merger with Albertsons and the departure of its long-serving CEO [2] Group 5 - Other retailers, like Walmart, have maintained their full-year sales and profit forecasts but have refrained from providing guidance for the current quarter [3] - Target, which relies more on apparel and general merchandise sales, has lowered its sales expectations [3] Group 6 - Overall, food inflation has eased since reaching a 40-year peak in 2022, but prices for certain categories continue to rise [4] - The CEO of Albertsons noted that cocoa, coffee, cooking oil, and certain cuts of beef are becoming increasingly expensive [4]

Core Insights - Following a strong sales performance in April, food store sales in May experienced a decline, indicating a potential shift in consumer behavior [1] - Feedback suggests that customers are reducing their purchases of tobacco and alcohol products [1] - Clothing and home goods retailers reported a slowdown in transactions due to decreased foot traffic [1]

Core Viewpoint - The Xi'an Market Supervision Administration conducted a food safety inspection on 140 batches of edible agricultural products, revealing that 6 batches failed due to pesticide residue exceeding national safety standards [3][4][5]. Summary by Relevant Sections Inspection Results - Out of 140 samples tested, 6 batches were found to be non-compliant with food safety standards, specifically related to pesticide residues [3][4]. - The specific products and their issues include: - Green onions from Ai Wanke Fresh Supermarket contained chlorpyrifos at 0.083 mg/kg, exceeding the limit of 0.02 mg/kg [4]. - Green onions from Cheng Hongjun Fresh Store had azoxystrobin at 1.46 mg/kg, exceeding the limit of 0.5 mg/kg [4]. - Pepper from Laobaixing Fruit Store contained chlorpyrifos at 0.13 mg/kg, exceeding the limit of 0.02 mg/kg [4]. - Pepper from China Resources Vanguard had thiamethoxam at 0.098 mg/kg, exceeding the limit of 0.05 mg/kg [5]. - Bananas from Cheng Haibo Fruit Store contained imidacloprid at 0.14 mg/kg, exceeding the limit of 0.05 mg/kg [5]. - Bananas from Xiaomang Box Fruit Store had both thiamethoxam and thiamethoxam at 0.14 mg/kg, exceeding the limit of 0.02 mg/kg [5]. Actions Taken - The Xi'an Market Supervision Administration has mandated local market supervision departments to take immediate action to control risks, including recalling non-compliant products and investigating illegal activities [4][5].

Summary of Key Points Core Viewpoint The Huizhou Daya Bay Economic and Technological Development Zone Management Committee's Market Supervision Administration has released the results of the second phase (third batch) of food safety supervision sampling for 2025, indicating that out of 73 batches tested, 2 batches were found to be non-compliant. Group 1: Food Safety Supervision - The food safety supervision sampling was conducted according to the provincial and municipal food sampling plans for 2025 [2]. - A total of 73 batches of food products were tested, with 2 batches identified as non-compliant [2]. Group 2: Public Disclosure - The results of the food safety sampling are being made public in accordance with government information disclosure regulations [2].

Summary of Key Points Core Viewpoint - The recent food safety inspection in Xi'an's Lianhu District revealed that out of 126 food samples tested, 122 were compliant with national food safety standards, while 4 samples failed due to pesticide residue exceeding permissible limits [3][4]. Group 1: Inspection Results - A total of 19 categories of food were sampled, including biscuits, restaurant food, tea products, nuts, starch products, condiments, convenience foods, pastries, canned goods, alcoholic beverages, frozen drinks, grain products, dairy products, sugar, edible oils, root vegetables, puffed foods, fruit products, and beverages [3]. - The breakdown of the inspection results showed that 122 samples passed, while 4 samples were found non-compliant [3][4]. Group 2: Non-Compliant Products - The non-compliant products included: 1. Bananas from Guole Source Convenience Store, with pesticide residue (pyriproxyfen) at 0.080 mg/kg, exceeding the limit of 0.05 mg/kg [5][6]. 2. Yam from Guole Source Convenience Store, with pesticide residue (mefenoxam and mefenoxam manganese salt) at 6.84 mg/kg, exceeding the limit of 0.3 mg/kg [5][6]. 3. Green peppers from Shixiang Convenience Store, with pesticide residue (thiamethoxam) at 0.095 mg/kg, exceeding the limit of 0.05 mg/kg [5][6]. 4. Yellow bean sprouts from Shixiang Convenience Store, with pesticide residue (6-benzyladenine) at 30.9 μg/kg, which is not allowed [5][6]. Group 3: Compliance Overview - The majority of food categories tested were compliant, including biscuits, restaurant food, tea products, nuts, starch products, condiments, convenience foods, pastries, canned goods, alcoholic beverages, frozen drinks, grain products, dairy products, sugar, edible oils, and beverages [3][4]. - Specifically, 65 out of 69 edible agricultural products passed the inspection, with only 4 failing due to pesticide residue issues [3].

Summary of Food Safety Inspection in Hebi City - The Hebi City Market Supervision Administration conducted a food safety inspection, revealing that out of 182 batches tested, 175 were compliant while 7 were found to be non-compliant [2][3]. Non-Compliant Products - The non-compliant products included: 1. Ginger from Yucheng Supermarket, with a pesticide residue of 0.54 mg/kg for chlorpyrifos, exceeding the limit of 0.2 mg/kg [3]. 2. Leeks from Four Sisters Vegetable Wholesale, with a pesticide residue of 1.36 mg/kg for chlorfluazuron, exceeding the limit of 0.5 mg/kg [3]. 3. Ginger from Four Sisters Vegetable Wholesale, with residues of 0.79 mg/kg for chlorpyrifos and 0.065 mg/kg for dichlorvos, both exceeding their respective limits [3]. 4. Ginger from Henan Jia Tian Xia Trading Company, with a residue of 1.0 mg/kg for chlorpyrifos, exceeding the limit of 0.2 mg/kg [3]. 5. Rice noodles from Zhaoning Hand-Pulled Noodles, with a non-compliant level of sorbic acid at 0.145 g/kg, which is prohibited [3]. 6. Pork head meat from Wenzhou Delicacies, with a nitrite level of 17 mg/kg, which is not allowed [3]. 7. Ginger from Zhao Aimin Vegetable Seasoning Store, with residues of 1.7 mg/kg for chlorpyrifos and 0.065 mg/kg for dichlorvos, both exceeding their respective limits [3][4]. Consumer Advisory - The Hebi City Market Supervision Administration has urged consumers to remain vigilant regarding food safety and to report any issues by calling the complaint hotline "12315" [2].

中金点睛"本周精选"栏目将带您回顾本周深受读者欢迎的研究报告。 01 房地产 Industry 2025下半年展望 | 房地产：信心、耐心与决心 >>点击图片查看全文<< 我们认为房地产市场"止跌回稳"是一个循序渐进的过程，可大体分为三个阶段，分别对应"住房交易量"、"房价"、"房地产投资"三类指标的企稳回 升；其中，步入正循环的核心点是供需结构改变带来的房价预期向上，或应成为市场耐心跟踪关注的关键转折信号。政策端促成"止跌回稳"仍需更大 决心，推进实体市场供需结构调整的措施落地和防范化解企业端衍生风险的措施补充是短期关键。我们此前在2025年度策略《 房地产：迈向止跌回 稳 》中提出三种政策强度情景；考虑到年初以来政策进展和市场表现、房地产政策约束条件的突破仍须时间、市场供需结构较历史上景气周期仍有 差距，我们认为对于房地产基本面磨底期的持续时长做充分估计，2025年演绎"中政策"情景的概率较大，其中仅销量表现由于926政策效果持续时长 超预期或略好于"中政策"情景。而一旦供需结构调整带动价格预期转为积极，我们认为总住房销量修复至历史合理水平对应的上行空间十分可观， 一、二手房占比结构的再平衡也意味着新房交 ...