Core Viewpoint - Beijing aims to establish its urban sub-center as an international benchmark city for green economy by 2027, focusing on enhancing green innovation capabilities, increasing the number of green enterprises, and boosting the output value of green industries [1][2]. Group 1: Green Innovation and Technology - The city plans to achieve an annual growth of approximately 20% in effective green technology invention patents and establish an international green technology concept verification center [1]. - The administrative office area has achieved 100% green electricity supply, and a new energy system experimental base has been established [2]. Group 2: Green Industry Development - The urban sub-center will support the development of over 300 green enterprises and establish a green industry cluster [1]. - The focus will be on cultivating specialized green industries, including carbon professional services and ESG (Environmental, Social, and Governance) services, to create a carbon market ecosystem and attract international ESG rating agencies [3]. Group 3: Investment and Future Energy - The sub-center will foster green investment and support the development of various green industry investment institutions, particularly in future energy sectors such as superconducting materials and vacuum systems [4]. - There will be an emphasis on enhancing existing green industries, including ecological environment protection and pollution control, as well as the development of carbon capture, utilization, and storage (CCUS) technologies [4]. Group 4: Smart and Connected Vehicles - The urban sub-center will enhance the smart connected new energy vehicle industry, focusing on vehicle electronics and core components to create a comprehensive supply system [5]. - The aim is to attract low-carbon, ultra-low energy consumption, and nearly zero energy consumption building enterprises to strengthen the green construction industry [5].

Group 1 - The "Private Enterprises Entering the Border Areas" initiative has successfully engaged over 2,500 entrepreneurs and facilitated 470 signed projects with a total agreement amount exceeding 2,300 billion yuan, covering various sectors such as new materials, equipment manufacturing, agriculture, biomedicine, ecological protection, and cultural tourism [2] - Inner Mongolia's economic growth is highlighted, with major economic indicators ranking in the top tier nationally for three consecutive years, particularly with an average annual fixed asset investment growth of 17% [3] - In 2024, Inner Mongolia's total economic output is projected to surpass 2.6 trillion yuan, ranking 20th nationally, and the region's industrial added value has entered the "trillion club" [3] Group 2 - Inner Mongolia has planned over 1 trillion yuan in investment opportunities across various industries, including modern equipment manufacturing, new energy, new materials, green agricultural product processing, biopharmaceuticals, digital economy, artificial intelligence, and low-altitude economy [3] - The "Private Enterprises Entering the Border Areas" event in Inner Mongolia resulted in 40 successful project signings with a total agreement amount of approximately 517.2 billion yuan [4] - The initiative emphasizes the importance of long-term support and collaboration between local governments and enterprises to ensure sustainable investment and profitability in border regions [4]

Core Points - The Shangyin New Energy Industry Selected Mixed Fund will automatically terminate on April 20, 2025, due to its fund size falling below 200 million RMB, as stipulated in the fund contract [1] - The fund's last operating day is set for April 20, 2025, and it will enter the liquidation process starting April 21, 2025 [1] - As of the liquidation end date on April 28, 2025, the remaining assets of the fund amount to 26,696,746.98 RMB after asset disposal and debt settlement [1] Fund Performance - The fund's net asset value on the last operating day is reported at 27,227,171.87 RMB, with a net income of 324,763.54 RMB during the liquidation period [2] - The fund experienced a net redemption of 855,188.43 RMB on April 21, 2025, leading to a decrease in net assets [2] - Year-to-date returns for the fund's classes A and C are -8.15% and -8.32%, respectively, with one-year, two-year, and three-year returns significantly underperforming compared to the CSI 300 index [2] Top Holdings - As of the end of Q1 2023, the fund's top ten holdings include Guodian NARI Technology (600406), CATL (300750), Sungrow Power Supply (300274), and others, indicating a focus on key players in the new energy sector [2]

Economic Overview - In April, China's economy demonstrated resilience and stability despite external pressures, continuing a positive development trend [1][4] - The overall economic performance reflects strong domestic circulation and effective macro policies implemented by various regions and departments [1][4] Trade and Foreign Relations - China's goods import and export value in April reached 38,391 billion yuan, a year-on-year increase of 5.6%, with exports growing by 9.3% and imports by 0.8% [13] - From January to April, total goods import and export value increased by 2.4% year-on-year, with exports growing by 7.5% and imports declining by 4.2% [13] - Trade with ASEAN and "Belt and Road" countries showed significant growth, with imports and exports to ASEAN increasing by 9.2% and to "Belt and Road" countries by 3.9% [8] Industrial Growth - The industrial added value for large-scale enterprises in April grew by 6.1% year-on-year, with high-tech manufacturing increasing by 10% [17][10] - Equipment manufacturing saw a notable increase of 9.8%, contributing 55.9% to the overall industrial growth [2][17] Domestic Demand and Consumption - Social retail sales in April reached 37,174 billion yuan, growing by 5.1% year-on-year, driven by the effects of the "old for new" consumption policy [18] - The retail sales of household appliances and related products significantly boosted overall consumption, contributing 1.4 percentage points to the growth of social retail sales [11][18] Employment and Labor Market - The urban unemployment rate in April was 5.1%, a slight decrease from the previous month, indicating overall stability in the employment situation [16] - The average urban unemployment rate from January to April was 5.2%, consistent with the same period last year [16] Investment Trends - Fixed asset investment from January to April reached 147,024 billion yuan, with a year-on-year growth of 4.0%, while infrastructure investment grew by 5.8% [15] - High-tech industries, particularly in information services and aerospace manufacturing, saw substantial investment growth, with increases of 40.6% and 23.9% respectively [15][10] Price Trends - In April, the Consumer Price Index (CPI) decreased by 0.1% year-on-year, with food prices showing mixed trends [20] - The Producer Price Index (PPI) also saw a decline, with industrial producer prices down by 2.7% year-on-year [20]

新华社北京5月19日电 题：应变克难 稳健前行——从最新指标看当前中国经济走势 新华社记者潘洁、张晓洁 面对外部冲击影响加大、内部困难挑战叠加的复杂局面，4月份中国主要经济指标运行情况如何？如何 看待中国经济走势和前景？在国新办19日举行的新闻发布会上，国家统计局新闻发言人、国民经济综合 统计司司长付凌晖介绍有关情况并回答记者提问。 顶住外部压力 主要指标平稳较快增长 4月份，尽管国际环境更趋复杂严峻，外部冲击影响加大，但我国经济顶住压力稳定增长，延续向新向 好态势。 生产供给较快增长。4月份，规模以上工业增加值同比增长6.1%。从增长面看，41个大类行业中，36个 行业增加值同比增长，增长面超过八成。从服务业看，4月份，服务业生产指数同比增长6%。其中，信 息传输软件和信息技术服务业、租赁和商务服务业生产指数分别增长10.4%和8.9%，明显快于全部服务 业增长。 国内需求稳步扩大。4月份，社会消费品零售总额同比增长5.1%。从累计看，以商品销售为主的社会消 费品零售总额和反映服务消费的服务零售额均呈现回升势头。1至4月份，社会消费品零售总额同比增长 4.7%，比一季度加快0.1个百分点；服务零售额同比增长 ...

Economic Performance Overview - In April, external shocks increased, but China's economic foundation remains stable, with strong advantages, resilience, and potential, supported by coordinated macro policies [1][4] - The overall economic performance in April reflects a complex international environment, making stable economic operation more challenging [1] Industrial Growth - Industrial production showed rapid growth, with the industrial added value of large-scale enterprises increasing by 6.1% year-on-year in April, marking one of the fastest monthly growth rates since last year [1] - The equipment manufacturing sector experienced significant growth, with an added value increase of 9.8% year-on-year, contributing 55.9% to the industrial growth [1] Service Sector Performance - The service sector maintained stable growth, with the service production index rising by 6% year-on-year in April, the second-highest monthly growth rate this year [1] - Digital transformation and increased travel boosted information and business services, with the production indices for information transmission software and IT services, and leasing and business services growing by 10.4% and 8.9% respectively [1] Domestic Demand - Domestic demand expanded steadily, with retail sales of consumer goods increasing by 5.1% year-on-year in April, supported by the effects of the trade-in policy [2] - Fixed asset investment grew by 4% year-on-year from January to April, with equipment and tool purchases increasing by 18.2%, contributing 64.5% to total investment growth [2] Foreign Trade Resilience - Despite a rapidly changing international environment, China's foreign trade demonstrated resilience, with total goods imports and exports increasing by 2.4% year-on-year from January to April [2] - Exports of mechanical and electrical products grew by 9.5% in the first four months, highlighting the effectiveness of diversifying trade partnerships [2] Employment Stability - The employment situation remained generally stable, with the urban unemployment rate at 5.1% in April, a decrease of 0.1 percentage points from the previous month [3] - Policies supporting employment and entrepreneurship for key groups contributed to this stability [3] High-tech Industry Growth - High-tech industries experienced rapid growth, with the added value of high-tech manufacturing increasing by 10% year-on-year in April [3] - Significant growth was observed in aerospace equipment and integrated circuit manufacturing, with increases of 21.4% and 21.3% respectively [3] Future Outlook - The government aims to implement more proactive macro policies to stabilize employment, businesses, and market expectations, while promoting high-quality development [4] - The focus will be on strengthening the domestic economic cycle and ensuring sustainable and healthy economic growth [4]

Core Viewpoint - The industrial production in China has shown a stable and rapid growth in April 2023, driven by effective macro policies and a strong push towards high-end, intelligent, and green transformation in the industry [1][3]. Group 1: Industrial Production Growth - In April, the industrial added value of large-scale enterprises increased by 6.1% year-on-year, marking a relatively high growth rate compared to previous months [1]. - Out of 41 major industries, 36 experienced year-on-year growth, indicating a broad-based recovery with over 80% of industries showing positive performance [1]. Group 2: Industrial Transformation and Upgrading - The trend towards high-end industrial development is evident, with high-tech manufacturing value-added increasing by 10% year-on-year in April, significantly outpacing overall industrial growth [1]. - Specific sectors such as integrated circuit manufacturing and optoelectronic device manufacturing saw substantial increases of 21.3% and 19% respectively in added value [1]. - Notable product growth includes 3D printing equipment and industrial control computers, which surged by 60.7% and 29.5% in production [1]. Group 3: New Industrial Dynamics - The shift towards intelligent and green industrial practices is accelerating, with the new energy sector performing well; production of new energy vehicles and lithium-ion batteries for vehicles rose by 38.9% and 61.8% respectively in April [2]. - The production of smart products is also on the rise, with intelligent unmanned aerial vehicle manufacturing and smart vehicle equipment manufacturing increasing by 74.2% and 29.3% respectively [2]. - Industrial robot production saw a significant increase of 51.5% [2]. Group 4: Policy Impact - The "Two New" policies have had a noticeable impact, promoting technological upgrades and expanding market demand, which in turn supports industrial production growth [2]. - Under the influence of equipment renewal policies, production of agricultural product processing machinery and specialized packaging equipment maintained double-digit growth in April [2]. - The "old-for-new" policy has also driven rapid growth in the production of electric bicycles and LCD screens [2]. Group 5: Overall Economic Outlook - The overall industrial production has been stable and growing, supported by the continuous release of macro policy effectiveness and the stimulation of domestic demand through the "Two New" policies [3]. - The trend towards high-end, intelligent, and green development is becoming more pronounced, with new productive forces being cultivated [3]. - However, challenges remain, including low industrial product prices and operational difficulties faced by some enterprises [3].

Group 1: Achievements of the Yangtze River Fishing Ban - The number of fishing-related administrative cases has decreased by 24.7% year-on-year, while the resource quantity of monitored native fish species in the Yangtze River main stream has increased by 9.5% [1] - Since the implementation of the ten-year fishing ban, 344 species of native fish have been monitored in the Yangtze River basin, an increase of 36 species compared to the period before the ban [1] - The population of the Yangtze finless porpoise has been observed to increase, with 336 sightings recorded in the Nanjing Yangtze River porpoise provincial nature reserve, indicating a rise from approximately 62 individuals in 2022 [2] Group 2: Restoration of Rare Aquatic Species - The reappearance of the rare Chinese paddlefish, which had not been seen in Hunan for over a decade, signifies the recovery of aquatic resources in the Yangtze River [3][4] - The ongoing monitoring efforts have led to the discovery of over 70 wild Chinese paddlefish in various monitoring points, showcasing the effectiveness of the fishing ban [3][4] Group 3: Environmental Improvements and Ecological Protection - The water quality of the Yangtze River has shown continuous improvement, with the main stream's water quality consistently maintaining a Class II rating [7] - The proportion of water quality in major rivers, including the Yangtze, rated as good reached 92.1% in the first quarter of 2025, reflecting a 0.6 percentage point increase year-on-year [7] - Efforts to combat illegal fishing and enhance ecological restoration have been implemented, including the "Fishing Administration Sword" and "Safe Yangtze" campaigns [4] Group 4: Economic Transition for Fishermen - The fishing ban has led to the transition of over 145,000 fishermen to alternative livelihoods, with all eligible fishermen participating in basic pension insurance [10] - The establishment of agricultural employment bases has allowed former fishermen to engage in farming, with one base expanding to 1,800 acres and achieving a net profit exceeding 1 million yuan in 2024 [10] - Continuous support from various government departments has ensured that fishermen's livelihoods are stable and that they receive necessary assistance [10] Group 5: Future Challenges and Ongoing Efforts - Despite the progress, challenges remain in fully restoring biodiversity and addressing illegal fishing practices [11] - The Ministry of Agriculture and Rural Affairs emphasizes the need for ongoing coordination and enforcement to protect aquatic life and ensure the sustainability of the Yangtze River ecosystem [11]

Group 1 - The core viewpoint of the implementation plan is to establish a comprehensive ecological environment zoning and control system by the end of 2025, aiming for continuous improvement in ecological quality and strengthening the southern ecological security barrier [1] - The plan emphasizes the need for differentiated ecological environment access lists based on the principle of "one unit, one strategy," particularly focusing on mineral extraction areas for strict management [1][2] - The implementation plan aims to support high-quality economic and social development by promoting the optimization of major production layouts and enhancing the capacity for industrial transfer in the China-ASEAN Industrial Cooperation Zone [2] Group 2 - A key goal of the implementation plan is to promote high-level ecological protection, with a focus on strict management of important ecological spaces and resource development [3] - The plan includes measures for the protection and restoration of important ecosystems, as well as strict control over heavy metal pollution in key industries [3] - The implementation plan outlines the need for comprehensive management of environmental factors and emphasizes the importance of reducing heavy metal emissions in new and expanded projects [3]

Group 1 - The Chengdu Xinjin District held a conference to promote high-quality development of the private economy, attended by nearly 500 guests and industry experts [2] - Liu Yonghao, Chairman of New Hope Group, shared insights on how the company is enhancing agricultural modernization and improving farmers' livelihoods [2] - The conference introduced the "Five Jin" spirit for private entrepreneurs in Xinjin, emphasizing values such as innovation, resilience, and collaboration [2] Group 2 - A "school-enterprise marriage" initiative was launched, focusing on technology innovation in the health food industry and promoting collaboration between academia and industry [3] - A total investment exceeding 10 billion was signed during the project signing ceremony, involving 16 companies including China Resources Beverage and Zhiqi Food [3] - The rapid development of Minfu Shifeng since its establishment in Xinjin in 2021 highlights the efficient government services that support business growth [3] Group 3 - In 2024, the private economy in Xinjin is projected to account for 66.3% of GDP, ranking first in Chengdu, with a contribution of 94.4% to GDP and 75.6% to tax revenue [4] - Xinjin is expected to add 36 national high-tech enterprises and over 100 collaborative projects between schools and enterprises in 2024 [4] - Key industries such as green food, renewable energy, and rail transit are entering the "100 billion" club, indicating significant economic growth [4]