Core Viewpoint - Suhao Hongye has made significant progress regarding the land acquisition of its subsidiary, Nantong Hongye Import and Export Co., Ltd, with a total compensation received amounting to 30.648 million yuan [1][2]. Group 1: Company Actions - The company's board of directors approved the land acquisition proposal during the meeting held on June 27, 2024, and subsequently at the first extraordinary general meeting on July 15, 2024 [1]. - Nantong Hongye signed a compensation agreement with the Yongxing Street Office, receiving a total of 25.324 million yuan as part of the land acquisition process [1]. Group 2: Financial Details - As of the date of the announcement, Nantong Hongye has received a total of 30.648 million yuan in compensation, including an additional 5.324 million yuan received recently [2].

香港特区政府发言人表示，2025年第一季不少服务行业的业务收益较去年同期上升。较显著的升幅见于 金融业(银行除外)、保险业、进出口贸易业，以及银行业。 展望未来，经济增长应为服务行业的业务提供支持。内地经济继续增长和香港特区政府各项增强经济动 能的措施应有利服务行业的业务，尽管一些行业或会受外围环境的不确定性及市民和旅客于本地市场的 消费模式转变带来的持续不利因素所影响。 按服务界别分析，2025年第一季与2024年第四季比较，计算机及信息科技服务界别经季节性调整的业务 收益指数上升50.3%，而旅游、会议及展览服务界别经季节性调整的业务收益指数亦上升0.7%。 评论 智通财经APP获悉，香港特区政府统计处今日(6月10日)发表的业务收益指数的临时数字显示，2025年第 一季与2024年第一季比较，不少主要服务行业以价值计算的业务收益均有不同程度的升幅。2025年第一 季与2024年第一季比较，金融业(银行除外)(+32.5%)、保险业(+23.1%)、进出口贸易业(+19.4%)及银行 业(+19.0%)的业务收益指数均录得双位数升幅。另一方面，地产业(-6.7%)及零售业(-6.5%)的业务收益指 数同期 ...

前言 在国际经贸的大棋盘上，特朗普政府的每一步棋都备受瞩目。近期，特朗普政府对美国企业向中国出口 乙烷一事横加干涉，要求企业提供出口许可证，多家企业的申请遭到拒绝。 特朗普政府限制乙烷出口的命令一下达，美国乙烷生产商和出口商们瞬间陷入了困境。多家美国乙烷出 口商收到通知后，不得不紧急向华盛顿申请出口许可证。 这一举措看似是针对中国市场需求的 "精准打击"，实则蕴含着诸多复杂因素，且最终可能反噬美国自 身，就像一记重拳，本想砸向中国，却先砸在了美国的大动脉上。 贸易摩擦背景下的新动作 自中美贸易摩擦爆发以来，双方在关税、市场准入等多个领域展开了多轮博弈。今年 4 月 2 日，特朗普 提出 "对等关税"，美国对华进口商品关税一度飙升 145%，中方迅速回应，实施 "对等关税" 反制。 此后两个月，双方你来我往，贸易关系持续紧张。直到日内瓦贸易对话，才达成了一个为期九十天的 "休战" 共识，为紧张局势按下了暂停键。 然而，这个 "暂停" 仅仅是表面的平静。美国的核心诉求是制造业回流，联合盟友压制中国发展；而中 国则渴望公平竞争，摆脱美国在贸易、科技等方面的重重打压。矛盾的不可调和性使得双方在日内瓦会 议后依然暗自较 ...

❑ 5 月对美出口进一步下行，主因全月平均关税水平较高，后续对美出口有望好转 中美瑞士谈判后互相调降关税，但 5 月中国对美出口同比增速-33.6%，较 4 月同 比增速-20.2%进一步下行，主因上半月关税未豁免拖累较大，下半个月关税调降 后预计后续中国对美出口有望反弹。 证券研究报告 | 宏观专题研究 | 中国宏观 5 月出口尚有韧性，中国对美出口有望反弹 ──2025 年 5 月进出口数据传递的信号 核心观点 5 月出口表现仍有韧性，关税豁免期内"转口抢出口"是重要拉动。5 月中国对美出口 同比降 33.6%，较 4 月 20.2%进一步下行，主因中美瑞士谈判后 5 月 14 日双方才正 式下调关税，当月平均关税仍维持较高水平，考虑 6 月美国额外对华关税水平约 30%， 未来中国对美出口有望反弹，关注美国自中国集装箱到港数据给出的前瞻指引。 ❑ 5 月出口表现维持强势，关税豁免期内"转口抢出口"是重要拉动 2025 年 5 月人民币计价出口 2.28 万亿元，同比增长 6.3%，前值 9.3%。1-5 月人 民币计价累计出口 10.67 万亿元，同比增长 7.2%，较前值 7.5%下行。1-5 月同期 ...

中国5月的对美出口同比下滑（4月，山东省青岛市的港口，XINHUA-KYODO） 中国5月的对美出口额为288亿美元，同比减少35％。降幅比4月的21％进一步扩大。尽管中美于5月中旬 相互将追加关税下调115％，但影响依然存在…… 中国海关总署6月9日发布的5月贸易统计（以美元计价）数据显示，对美国出口额同比减少 35％。降幅相较于4月的21％进一步扩大。尽管中美于5月中旬相互将追加关税下调115％， 但影响依然存在。 5月中国的对美出口额为288亿美元，降幅为2020年2月（减少54％）爆发新冠疫情以来最 大。 中美根据5月10～11日在瑞士举行的首次部长级磋商达成的协议，于14日将彼此征收的追加 关税下调115％。在此之前，超过100％的高关税导致双方处于接近禁运的状态。 尽管中国的出口企业加紧消化因5月中旬前的高关税而未能出货的库存，但以中小企业为中 心，关税下调后被认为仍需要一定时间才能出货。 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 日经中文网 https://cn.nikkei.com 日本瑞穗研究与技术（Mizuho Research&Technologies）的 ...

Group 1 - The central government is set to establish a commercial health insurance innovative drug catalog to better meet the multi-level medication guarantee needs of the public [1] - The Ministry of Industry and Information Technology and the Ministry of Civil Affairs are promoting the design and development of intelligent elderly care service robots, with a pilot period from 2025 to 2027 [3] - The Ministry of Housing and Urban-Rural Development aims to achieve an average resource utilization rate of over 50% for construction waste in cities at the prefecture level and above by 2027 [6] Group 2 - The Beijing Municipal Bureau of Commerce is planning to create a global first-release center to support the renovation and upgrading of commercial districts and shopping malls [8] - The State Administration for Market Regulation has issued compliance guidelines for the "6·18" online promotional event, emphasizing fair market competition and the prevention of illegal activities [10] - Guiyang is establishing a joint meeting system to promote the development of the sports industry, with plans to introduce supportive policies and funding for sports products and services [11]

Group 1 - The core viewpoint of the article highlights the significance of the first round of Sino-U.S. economic and trade consultations held in London, which aims to strengthen economic relations and deepen mutual understanding between the two countries [1][8] - China's foreign trade demonstrated resilience and adaptability, with a total import and export value of 17.94 trillion yuan in the first five months of the year, reflecting a year-on-year growth of 2.5% [2][4] - Exports reached 10.67 trillion yuan, growing by 7.2%, while imports fell by 3.8% to 7.27 trillion yuan [2][4] Group 2 - In May, China's trade surplus increased by 25% year-on-year, reaching 103.2 billion USD, indicating strong export performance despite external pressures [2][4] - The export growth rates to ASEAN, EU, Africa, and Central Asia were 16.9%, 13.7%, 35.3%, and 8.8% respectively, showcasing the diversification of China's export markets [4][5] - The structure of China's foreign trade continues to optimize, with exports of equipment manufacturing products amounting to 6.22 trillion yuan, a year-on-year increase of 9.2%, accounting for 58.3% of total exports [4][5] Group 3 - Following the Geneva economic talks, financial institutions have raised their growth forecasts for China's economy, with Goldman Sachs, UBS, and JPMorgan increasing their predictions by 0.6% to 0.7% [6] - Morgan Stanley also adjusted its quarterly GDP growth forecast for China, anticipating that companies may accelerate exports to take advantage of temporarily lower tariffs [6] - The OECD has downgraded growth forecasts for the global economy, indicating potential risks from trade fragmentation and supply chain disruptions [6][8] Group 4 - The ongoing Sino-U.S. trade negotiations are seen as crucial for addressing fundamental issues, with the U.S. seeking to restore exports of key rare earth minerals to pre-trade war levels [8][9] - The global investment community is hopeful that these negotiations will ease trade tensions, as indicated by comments from various financial analysts and government representatives [9]

6月9日，海关总署发布数据显示，今年前5个月，我国货物贸易进出口总值17.94万亿元，同比增长 2.5%，增速较前4个月加快0.1个百分点。其中，出口增长7.2%，进口下降3.8%。海关总署有关负责人表 示，今年以来，我国经济持续回升向好，货物贸易在外部压力下保持较强韧性。 进出口累计增速逐月回升 怎么看当前外贸发展形势？累计增速逐月回升是一个突出亮点。 专家分析，前5个月装备制造业产品对整体出口增长的贡献率为73%，其中5月份贡献率高达76.9%，为 外贸稳定增长提供了有力支撑。 中部地区进出口增速领跑全国 根据海关总署数据，今年1月份，进出口同比下降2.2%；前2个月，进出口同比下降1.2%，降幅收窄； 前3个月，增速由负转正，进出口同比增长1.3%；前4个月，进出口同比增长2.4%；前5个月，进出口增 速进一步回升至2.5%。 根据海关总署数据，前5个月，外贸第一大经营主体——民营企业进出口10.25万亿元，增长7%，占外 贸总值的57.1%，比去年同期提升2.4个百分点。其中，出口6.97万亿元，增长8%，占出口总值的 65.4%；进口3.28万亿元，增长4.9%，占进口总值的45.1%。 从贸易方式 ...

Core Insights - China's total goods trade value for the first five months of the year reached 17.94 trillion yuan, a year-on-year increase of 2.5%, with exports at 10.67 trillion yuan (up 7.2%) and imports at 7.27 trillion yuan (down 3.8%) [1] - The ASEAN region remains China's largest trading partner, with trade totaling 3.02 trillion yuan, an increase of 9.1%, accounting for 16.8% of total foreign trade [1] - Trade with African countries showed significant growth, with total trade reaching 963.21 billion yuan, a year-on-year increase of 12.4%, and exports growing by 20.2% [2] Trade Performance - In May, despite having two fewer working days, China's imports and exports still achieved year-on-year growth of 2.7% and 6.3%, respectively [1] - Trade with the EU saw a total value of 2.3 trillion yuan, growing by 2.9%, while trade with the US totaled 285.51 billion yuan, with a month-on-month decline of 12.67% [1] Product Analysis - Exports of electromechanical products reached 6.4 trillion yuan, a growth of 9.3%, making up 60% of total exports, with integrated circuits, ships, and LCD panels showing double-digit growth in both quantity and value [3] - The Chinese government is expected to continue implementing policies to stabilize growth and foreign trade, with potential financial support for struggling foreign trade enterprises [3]

丨证券研究报告丨 中国经济丨点评报告 [Table_Title] 上半年出口无虞 ——5 月外贸数据点评 分析师及联系人 [Table_Author] 于博 黄帅 SAC：S0490520090001 SFC：BUX667 报告要点 [Table_Summary] 5 月整体出口表现并不弱，主要缘于对东盟、欧盟出口仍有韧性。中美经贸关系缓和带动的对 美抢出口效应，预计会从 6 月初开始逐渐显现。进料加工贸易同比增速领先出口同比增速约 1 个月，5 月进料加工贸易同比增速仅小幅回落，预计 6 月整体出口仍能维持韧性增长。年内来 看，上半年出口无虞，下半年出口更多将取决于美国和各国贸易谈判最终结果。预计 6 月中下 旬美国或陆续公布与各国谈判决议。 1 请阅读最后评级说明和重要声明 %% %% [Table_Title 上半年出口无虞2] ——5 月外贸数据点评 %% %% [Table_Summary2] 事件描述 2025 年 6 月 9 日，海关总署发布 5 月外贸数据：以美元计，我国 5 月出口 3161 亿美元，进 口 2128.8 亿美元，贸易顺差为 1032.2 亿美元。 风险提示 美国关税政策不确 ...