Export Performance - In July, exports showed resilience with a year-on-year increase of 7.2% compared to 5.9% in the previous month, while imports rose by 4.1% from 1.1%[1] - Cumulative export value from January to July increased by 6.1% year-on-year, up from 5.9%, while cumulative imports decreased by 2.7%, an improvement from a decline of 3.8%[1] - The trade surplus in July was $98.24 billion, down from $114.75 billion in the previous month[1] Price and Quantity Indices - The export price index reached 100.5, up from 98.7, marking a recovery since May 2023, while the export quantity index was 106.7, down from 107.7[1] - The import price index slightly increased to 99.3 from 99.2, with the import quantity index rising to 103.0 from 98.7[1] Product Structure - Cumulative export value of electromechanical products rose by 8.1%, accounting for 60.0% of total exports, while high-tech products increased by 6.0%, making up 24.2%[2] - Integrated circuit exports surged by 20.5%, and automotive exports (including chassis) grew by 9.7%, while household appliances and mobile phones saw declines of -0.4% and -10.5%, respectively[2] Regional Export Trends - Exports to the U.S. fell by 12.6%, while exports to ASEAN and the EU increased by 13.5% and 7.0%, respectively[3] - The share of exports to the U.S. was 11.8%, while ASEAN accounted for 17.7% and the EU for 14.9% of total exports[3] Investment Insights - The report highlights the resilience of Chinese exports supported by diversification in destinations and product structure upgrades[4] - Risks include fluctuating U.S. tariff policies and insufficient global demand recovery[5]

特朗普又升级了关税战，这次连盟友都下手，却没直接点名中国。新关税清单里，叙利亚、老挝、缅甸 被一刀砍进40%以上的最高档，贸易量小，纯属用来立威。加拿大被惩罚性加到35%，英国乖乖配合只 需交10%。美国这所谓的对等关税，其实就是服从性测试：听话就低税，不听话没本事就加死你。 ...

（原标题：石破茂、莫迪强硬回应特朗普） 来源：新华社 面对美国关税大棒，日印领导人发声 美国政府此前公布的经过调整的"对等关税"于7日生效。美数十个贸易伙伴将被征收10%至41%不等的 关税，其中日本的税率为15%。美国总统特朗普6日签署行政令，以印度"以直接或间接方式进口俄罗斯 石油"为由，对印度输美产品征收额外的25%关税。 面对美国的关税大棒，日本首相石破茂表示，美方没有落实此前达成的协议内容并"强烈要求美方立即 采取措施修正总统行政令"；印度总理莫迪表示，尽管不答应美方条件会付出代价，印度不会因此牺牲 国内产业利益。 石破茂：强烈要求美方修改 莫迪7日在新德里表示，尽管不答应美方条件会付出代价，但印度不会因此牺牲国内农业、乳业和渔业 利益，因为印度农民利益"至关重要"。此前，印美双方在贸易谈判中就农产品及进口俄罗斯石油问题无 法达成一致。 外界普遍认为，这是莫迪在美国对印度新一轮加征关税措施后首次直接回应。 特朗普6日行政令颁布后，印度政府随即发布声明称，美方对印度加征关税的做法"不公平、不公正、不 合理"，印度将"采取一切必要行动"维护国家利益。印度已经明确了在购买俄罗斯石油问题上的立场， 即进口是 ...

Export Performance - In July, China's exports increased by 7.2% year-on-year, up 1.4 percentage points from June, continuing the improvement trend since May[1] - Exports to ASEAN rose by 16.6% year-on-year, while exports to South Korea increased by 4.6%, marking a significant recovery[2] - Exports to the US saw a decline of 21.7%, deepening by 5.5 percentage points compared to the previous month, indicating a stronger impact from tariffs[2] Import Trends - Imports in July rose by 4.1% year-on-year, a significant improvement of 3.0 percentage points, driven primarily by recovering crude oil prices[1] - The trade surplus narrowed slightly to $98.24 billion in July, reflecting the dynamics of both exports and imports[1] - The contribution of processing trade intermediate goods and capital goods imports fell by 0.6 percentage points, indicating a cooling in these sectors[5] Market Outlook - The extension of the tariff relief period by the US is expected to marginally boost exports of electromechanical products and mid-range consumer goods[6] - The imposition of 15% tariffs on other major trading partners may enhance China's export price competitiveness but could also weaken demand from these economies[6] - The semiconductor and machinery sectors may face challenges due to increased tariffs on key supply chain partners like Mexico and Vietnam[6]

Economic Overview - In the first half of 2025, Luohu District's GDP reached 126.34 billion yuan, with a year-on-year growth of 4.2% at constant prices [1] - The added value of the secondary industry was 9.069 billion yuan, growing by 10.3% year-on-year, while the tertiary industry added value was 117.257 billion yuan, increasing by 3.9% [1][4] Industrial Growth - The industrial added value above designated size grew by 8.9%, indicating a strong performance driven by the rapid development of emerging industries [4] - Luohu is focusing on enhancing its industrial ecosystem, aiming for high-end, high value-added, and competitive industry structures [5] Strategic Plans - The district has launched four major plans: "Ascend" for traditional industries, "Peak" for characteristic industries, "Doubling" for emerging industries, and "Nursery" for future industries [5] - Key emerging industries include software information, artificial intelligence, life health, and new materials, with a strategic focus on developing a modern industrial system [5][6] Investment and Infrastructure - Fixed asset investment in Luohu increased by 5.6% year-on-year, indicating robust economic growth potential [7] - Major projects include the integration of the Shenshan Railway and various cultural and industrial developments, aimed at enhancing infrastructure to support emerging industries [7][8] Consumption Trends - The total retail sales of social consumer goods reached 62.483 billion yuan, with a year-on-year growth of 2.2%, reflecting a positive consumption market [10][11] - Luohu is actively promoting itself as an international consumption center, integrating tourism, culture, and commerce to enhance consumer engagement [11][12] New Business Developments - The district is fostering new consumption models, including first-store economies and digital consumption, with significant foot traffic reported in new commercial areas [13] - Luohu's strategic initiatives are aimed at optimizing economic structure and enhancing growth momentum through innovative projects and consumer engagement [13]

Export Performance - In July, China's exports increased by 7.2% year-on-year, up 1.4 percentage points from June, continuing the upward trend since May[3] - Exports to ASEAN rose by 16.6% year-on-year, while exports to South Korea increased by 4.6%, marking a significant recovery[3] - Exports to the US fell by 21.7%, a decline deepening by 5.5 percentage points, indicating increased tariff impacts[3] Import Dynamics - Imports rose by 4.1% year-on-year in July, a significant improvement of 3.0 percentage points, driven primarily by recovering crude oil prices[4] - The decline in crude oil imports narrowed to 7.4%, improving by 6.8 percentage points compared to previous months[4] - However, imports of processing trade intermediate goods and capital goods saw a decline, contributing to a 0.6 percentage point drop[4] Trade Policy Implications - The US extended the tariff relief period for China by 90 days, which is expected to marginally boost exports of electromechanical products and mid-range consumer goods[5] - The imposition of 15% tariffs on other major trading partners may enhance China's export price competitiveness but could weaken demand from these economies[5] - The potential impact of increased tariffs on Mexico and Vietnam may affect China's semiconductor and machinery exports due to established supply chains[5] Risk Assessment - The report suggests that while a significant decline in exports is not anticipated, caution is advised due to the complex and evolving trade policy landscape[5] - There is a risk that global trade policy uncertainties could lead to lower-than-expected export growth[5]

中新网8月7日电 综合德媒报道，德国工商总会6日发布的一项调查显示，在欧盟和美国达成初步贸易协 议后，大多数德国公司预计跨大西洋贸易将遭受更多负面影响。 调查指出，贸易政策的不确定性也对德国企业的全球市场战略产生了明显影响。54%的受访企业表示， 他们希望减少与美国的交易。26%的企业正在减少对美国的投资或暂停投资。 调查显示，约72%的德国受访企业已经感受到美国现行贸易政策较为显著的负面影响。尤其是与美国有 直接业务联系的企业中，有九成已感受到不利影响。 调查还显示，企业最主要的困扰是贸易政策充满不确定性，80%的企业把担心新的关税措施列为核心问 题，72%的企业则认为美国对欧盟征收的关税显著增加了经营负担。 梅尔尼科夫还表示，美欧贸易协议或许具有政治必要性，但对德国众多企业来说，"它仍是一剂苦药"。 它带来的是额外负担而非减负：更高的关税、更多的官僚主义，以及不断下降的竞争力。" 根据该调查，美国业务中的关税成本上升不仅影响德国企业。在报告关税成本应对方式发生变化的企业 中，84%表示会将至少一部分额外成本转嫁给美国的客户。由此，关税将进一步加剧美国的通胀压力。 德国工商总会主席梅尔尼科夫警告称，"美国的 ...

Group 1 - Gold futures are currently trading around 786.18, with a slight decline of 0.06% to 783.78 CNY per gram, indicating a short-term sideways trend [1][4] - The price range for gold futures has been fluctuating between 766 and 786 CNY per gram, reflecting intense market competition [4] Group 2 - Mexican President López Obrador met with Canadian Foreign Minister Mélanie Joly and Finance Minister Chrystia Freeland to discuss responses to U.S. tariff policies and to deepen bilateral cooperation [3] - The U.S. has increased the tariff rate on Canadian goods from 25% to 35%, excluding items eligible for preferential treatment under the USMCA [3] - Mexico and the U.S. have agreed to maintain current tariff rates for the next 90 days while negotiating a new trade agreement, suggesting significant growth potential for bilateral trade under U.S. tariff pressure [3]

Group 1: Economic Development and Growth - Wuhan's GDP reached 1,059.28 billion yuan in the first half of the year, marking a 5.5% year-on-year increase, and is projected to exceed 2.1 trillion yuan in 2024 [3] - The city aims to reach a GDP of 3 trillion yuan, which will test the industrial and enterprise capabilities [3] - Wuhan is a key area for technological innovation and modern industrial system construction in Hubei, with 19 national science and technology awards in 2024, ranking second among cities nationwide [3] Group 2: Industrial Innovation and Technology - The establishment of the AI Green Pesticide Research Institute by Wuhan Industrial Innovation Development Research Institute and Central China Normal University aims to create efficient green pesticides using AI technology [5] - The Jiufengshan Laboratory has launched the first 100nm high-performance gallium nitride flow sheet PDK platform in the country, facilitating collaboration with over 30 domestic semiconductor companies [6] - Wuhan is focusing on transforming traditional industries through intelligent upgrades and fostering emerging industries for high-quality development [6] Group 3: Foreign Trade and Export Growth - Wuhan's foreign trade import and export total reached 214.27 billion yuan in the first half of the year, with a growth rate of 22.3%, maintaining a leading position among 19 sub-provincial cities [7] - The export structure is shifting from traditional manufacturing to high-value-added industries, with strong exports in high-tech products like mobile phones and integrated circuits [8] - The Han Nan Port has facilitated the export of 12,751 vehicles, significantly reducing logistics costs for enterprises [9] Group 4: Regional Development and Collaboration - The development of the Wuhan metropolitan area is enhancing regional collaboration, with a focus on integrating research, production, and financing across surrounding areas [16][17] - The "Golden Triangle" of Han, Xiang, and Yi is identified as a key support for provincial development, fostering world-class industrial clusters [18] - The Huahu Airport has become a significant logistics hub, with international cargo throughput reaching 249,000 tons in the first half of the year, enhancing export capabilities for enterprises [19]

Core Viewpoint - The article discusses the implications of Trump's tariffs, suggesting they represent a revival of mercantilism and threaten the principles of free trade established post-World War II [1][3][9]. Group 1: Economic Context - The U.S. is experiencing a significant trade imbalance, with a current account deficit exceeding $1.1 trillion, which limits its capacity to absorb more global exports [3]. - The U.S. has received investment commitments totaling $1.5 trillion from Japan, Europe, and South Korea, which is approximately 5% of its GDP, potentially boosting the U.S. economy if realized [6]. Group 2: Risks and Consequences - Three dangerous scenarios for the global economy are identified: 1. A paradoxical victory for the U.S. through increased investment, which could lead to a chain reaction of protective trade measures by other countries [6]. 2. Self-destruction of the U.S. economy due to high tariffs leading to inflation and a collapse of international division of labor [6]. 3. Isolation of the U.S. as emerging markets like India and Brazil seek to avoid hasty deals with the U.S. and may also resort to high tariffs [6]. Group 3: Global Trade Dynamics - The article argues that Trump's tariffs reverse the post-war model of free trade and prosperity, which has historically promoted international cooperation and peace [9]. - Japan and Europe are positioned to lead in digital and service trade liberalization, suggesting a need for a shift away from reliance on the U.S. as the final consumer [9].