量大面广的中小微企业，是中国经济韧性的重要支撑。 第二十届中国国际中小企业博览会6月27~30日在广州举行。工业和信息化部部长李乐成在开幕致辞中表 示，要加力优化中小企业公平竞争环境，推动建设开放型世界经济，通过消除制度性壁垒、完善市场准入 规则、加强知识产权保护等措施，让中小企业在开放的国际市场中平等获取资源、技术与信息，公平参与 竞争。 李乐成强调，要着力强化中小企业专精特新发展。出台有利政策，支持中小企业聚焦主业、精耕细作，实 现高端化、数字化、绿色化、国际化发展，不断增强创新能力和核心竞争力。引导优质资源向中小企业聚 集，建设更多中小企业特色产业集群。 6月是2025年全国中小企业服务月。当前，从中央到地方正积极部署，围绕市场拓展、融资促进、数字化 转型、技术赋能等多个领域推出系列暖企惠企举措，开展针对性的服务活动，通过精准有力的政策助力中 小企业强信心、稳预期。 2025.06. 29 本文字数：2240，阅读时长大约4分钟 作者 | 第一财经 祝嫣然 中小企业相关指标稳中向好 工信部、国家统计局发布的最新数据显示，今年前5个月，我国中小企业经济运行总体平稳，主要经济指 标保持增长。 前5个月，我国 ...

作 者丨郑玮 编 辑丨周上祺 近日，1—5月国民经济运行数据发布，消费、工业、出口等板块表现受到市场关注。 从数据表现上看，5月消费强势领跑，工业、出口则呈现韧性中放缓趋势。其中，5月社会消费 品零售总额同比增长6.4%，实现今年以来月度最高增速，增幅跑赢出口、投资。与"高歌猛 进"的消费相对的是，5月规上工业增加值、货物出口总额同比增速均有所放缓。 表现亮眼的消费主要受到什么因素驱动？"国补"政策效应能否长期持续？下半年中国出口市场 将呈现何种走势？还有哪些潜在风险需要注意？围绕市场关注议题，21世纪经济报道专访广发 证券首席经济学家郭磊。 郭磊认为，在"两新"政策带动下，目前消费仍处于政策红利期，未来除财政补贴外，促消费政 策在收入端、金融端、社会端等方面也仍然存在很多政策空间，预计下半年"两新"和服务类消 费带动下的消费仍将保持相对活跃状态。 同时，郭磊分析表示，受逆全球化关税政策、建筑业降幅扩大等影响，下半年出口-制造业条 线或将有所放缓，对冲方式包括推动建筑业逆周期，加快基建开工和实物工作量，以及推动消 费和服务业发展，用消费动能部分替代出口动能，以内需的确定性应对外需的不确定性。 （广发证券首席经 ...

Group 1: Economic Performance Overview - In May, the retail sales of consumer goods increased by 6.4% year-on-year, marking the highest monthly growth rate of the year, outperforming exports and investments [1] - The industrial added value and total goods exports both showed a slowdown in growth, indicating resilience but a deceleration trend [1][5] - The overall economic growth momentum has improved, with actual GDP growth rebounding from 4.6% in Q3 of last year to 5.4% in Q1 of this year [2] Group 2: Consumer Sector Insights - The strong consumer growth is driven by several factors, including improved income expectations and reduced mortgage pressure due to lower interest rates [2] - The "Two New" policies are still in a concentrated release phase, contributing to the growth in retail sales of appliances and communication equipment [2][3] - The government has allocated 300 billion yuan for long-term special bonds to support consumption, with over 160 billion yuan already disbursed, indicating ongoing policy support [3] Group 3: Industrial Sector Analysis - The industrial added value grew by 5.8% year-on-year in May, reflecting a resilient but slowing trend [5] - The slowdown in exports, influenced by global tariff policies and a decline in the construction sector, has affected industrial production schedules [5][7] - High-tech manufacturing sectors continue to show growth, supported by China's manufacturing scale and efficiency advantages [6] Group 4: Export Market Dynamics - Despite a slowdown, exports remain resilient, with significant growth in exports to the EU (12.0%) and Africa (33.3%) in May [8] - The diversification of export markets has mitigated the impact of reduced exports to the US, which now accounts for only 9.1% of total exports [8] - High-end manufacturing products like automobiles and integrated circuits are maintaining strong export growth, contributing to overall export resilience [8] Group 5: Future Economic Outlook - The export-manufacturing sector is expected to slow down in the second half of the year, with construction and service sectors anticipated to provide some counterbalance [7][10] - The actual GDP growth rate may slightly decline in the second half but is still projected to achieve around 5% for the year [11] - Policies aimed at enhancing nominal GDP growth and addressing supply-demand imbalances are likely to be prioritized moving forward [11][12]

Group 1 - Xi Jinping met with New Zealand Prime Minister Chris Hipkins, indicating a focus on strengthening bilateral relations [2] - Li Qiang held talks with New Zealand Prime Minister Chris Hipkins, emphasizing cooperation [3] - Li Qiang stressed the importance of innovation-driven development during a research visit in Jiangsu, aiming to expand effective demand and promote sustained economic growth [4] Group 2 - The provincial committee held a meeting to convey Xi Jinping's important speeches and directives, discussing implementation strategies [5] - The Vice Governor of Sichuan emphasized the integration of education and technology to support national strategies and promote high-quality development [5] - The National Engineering Supervision Industry Development Conference was held in Beijing, focusing on engineering supervision reform and the integration of digital technology [5] Group 3 - Qinghai issued implementation opinions to accelerate the construction of star-rated green buildings, outlining specific requirements for planning, construction, and operation [6] - Xi'an released measures to promote a stable and healthy real estate market, focusing on land planning, financial support, and market activity [6] - A safety training session for construction enterprise leaders was organized in Chengdu, attended by over 170 participants [6] Group 4 - Panzhihua City held a safety production meeting to analyze the current safety situation in the construction industry and set goals for 2025 [7] - Mianyang issued a plan for the green building materials industry chain from 2025 to 2030, aiming to enhance the quality and collaboration of the building materials sector [7] - Neijiang established a supply list of major building material enterprises and a demand list for ongoing and planned projects in the construction sector [7] Group 5 - Yibin held a training session for rural construction guides, focusing on quality and safety in self-built houses [8] - Meishan introduced an intelligent electricity strategy in urban lighting, aiming to reduce energy consumption by over 30% [8]

在西澳6月19日发布的州预算中，该州推出了一系列帮助居民置业的政策。 据RealEstate网站报道，其中一项是新近推出的低首付贷款，专为计划建房的西澳 人设计，可能会彻底 改变该州的建筑业。 （图片RealEstate） 这项新贷款产品仅需2%的首付，特别针对在西澳建造模块化房屋的人。 模块化房屋 通常是在工厂完成大部分建造，然后将部件运往施工现场进行最终组装。 由于建造速度快（根据Mirvac的研究显示，可节省多达23%的时间），模块化房屋 一直以来是一个颇具 吸引力的选择，但过去一直难以获得融资支持。 大多数建筑贷款仅在现场完成某些里程碑时提供分期付款。 没有这些款项支持，买 家往往需要自己承担大部分费用。 （图片RealEstate） 西澳的新贷款产品则通过Keystart政府企业管理，能够在工厂建造过程中提供多达 四次的分期付款。 这款贷款还解决了买家在支付现有住房费用的同时筹措建房资金的困境。 使用这项贷款产品的买家必须选择经过预先批准的预制建筑商。 Keystart的首席执 行官Mark Tomasz表示，此款新产品的目标是让西澳居民更容易获得模块化住房。 西澳房地产协会主席Suzanne Br ...

Group 1: Economic Indicators - The core viewpoint indicates that the economy remains resilient, with signs of improvement in core CPI stability and marginal PMI recovery due to ongoing "stabilization growth" measures [2] - In May, the CPI remained flat at -0.1%, while the PPI decreased from -2.7% to -3.3%. The manufacturing PMI increased from 49.0% to 49.5% [5][6] - New RMB loans in May amounted to 620 billion, an increase of 340 billion from the previous month, while M2 growth slowed to 7.9% [2][17][20] Group 2: CPI Analysis - The May CPI showed a month-on-month decrease of 0.2%, with a year-on-year decline of 0.1%. Core CPI remained stable with a year-on-year increase of 0.6% [5] - The decline in energy prices negatively impacted non-food items, but travel service prices saw a significant rebound, supporting the core CPI [5] Group 3: PPI Insights - The PPI's year-on-year decline of 3.3% was below market expectations, with traditional industry prices mostly declining while new momentum industries saw price increases [6] - Factors affecting PPI include falling international oil prices, seasonal declines in energy and raw material prices, and the impact of consumption and equipment renewal policies [6] Group 4: PMI Developments - The manufacturing PMI recorded 49.5%, indicating an improvement in economic sentiment, driven by tariff delays and proactive macro policies [9] - The production index rose to 50.7%, returning to the expansion zone, while the new orders index increased to 49.8% [9] Group 5: Fixed Asset Investment - Fixed asset investment growth in May decreased to 3.7%, with real estate investment continuing to decline significantly [13] - High-tech industry investments showed strong growth, particularly in information services and aerospace manufacturing [13] Group 6: Credit and M2 Analysis - In May, new credit issuance was 620 billion, reflecting a decrease in consumer loans and a recovery in corporate short-term loans [17] - M2 growth slowed to 7.9%, influenced by a decrease in deposit attractiveness and slower fiscal fund release [20]

欧元区4月工作日调整后建筑业产出同比 3%，前值 -1.1%。 ...

Core Insights - The talent supply and demand landscape in Guangxi has changed in 2023, with a total demand for 90,697 talents in the first quarter, reflecting a 5.90% increase in job seekers compared to the previous quarter, indicating a recovery trend in talent mobility during spring [1] - The tertiary industry remains dominant, accounting for 66.77% of talent demand, although it has decreased by 5.67 percentage points year-on-year; in contrast, the secondary industry has seen an increase, making up 30.59% of the demand [1] - Among 24 major industry categories, nearly 60% experienced a year-on-year decline in talent demand, while 10 industries saw growth, with manufacturing leading at a 7.08% increase, particularly in the handicrafts and machinery manufacturing sectors [1] Industry Distribution - The top five industries for talent demand are leasing and business services, manufacturing, information transmission/computer services and software, construction, and education, collectively accounting for 76.65% of the demand [1] - The manufacturing sector, especially in handicrafts and machinery manufacturing, has shown significant growth, with talent demand proportions of 84.88% and 18.48% respectively, driving the overall industry growth [1] Position Categories - In the first quarter, 13 job categories in Guangxi experienced growth, with sales positions leading at a 28.00% increase; however, over 70% of job categories saw a year-on-year decline in talent demand [2] - There is a notable talent gap in skilled labor and production/manufacturing positions, with worker/operator roles being the most in demand [2] Salary Trends - The average salary for positions posted on Guangxi Talent Network has shown a growth trend, reaching 5,640 yuan/month, with a 1.06% increase from the previous quarter [3] - Job seekers' expected salary remains stable, primarily concentrated in the 3,000-4,999 yuan/month range, while the majority of job postings are in the 4,000-4,999 yuan/month range, indicating that salary levels are generally meeting or slightly exceeding some job seekers' expectations [3] - In several salary ranges, the offered salaries exceed job seekers' expectations, reflecting strong demand for talent and indicating challenges in recruitment for some employers [3]

Core Points - The establishment of the Jinan Construction Craftsman Academy aims to gather and utilize skilled construction workers in the city, promoting vocational education and training to support the modernization of the province [3][4] - The academy will focus on five major platforms: demonstration and leadership, skill enhancement, integration of industry and education, technology promotion, and learning exchange [3] - The core mission of the academy is to promote craftsmanship, inherit exquisite skills, and cultivate high-skilled talents for the construction industry [4] Platform Details - The demonstration platform will organize activities such as "Craftsmanship Lectures" and public exhibitions to amplify the influence of role models [3] - The skill enhancement platform will systematically conduct training to improve the skill levels of construction workers [3] - The integration platform will deepen cooperation between educational institutions and enterprises to align training with industry needs [3] - The technology promotion platform will facilitate the exchange and application of new technologies and standards [3] - The learning exchange platform will provide a space for craftsmen to share skills and grow together [3] Event Highlights - The unveiling ceremony featured a speech by a national labor model, emphasizing the spirit of labor and craftsmanship [6] - The results of the 2025 Jinan Construction Engineering Excellent BIM Technology Application Competition were announced, showcasing innovative applications in the industry [6]

摘要 第一， 5 月经济数据公布。六大口径数据中，消费、服务业高于前值；工业、投资、出口、地产销售低于前值。生产法 之下的 GDP 依旧较高，按照工业增加值、服务业生产指数公布值模拟，实际 GDP 同比大约在 5.35% 左右；支出法 之下的终端需求则有所分化，其中消费明显超预期，出口、投资、地产销售不同程度放缓 。 第二， 工业增加值韧性中放缓。5月同比5.8%，出口放缓所带来从需求向供给的传递可能是原因之一，可以看到同期 产销率有所下降。从主要产品来看，产量增速较高的仍主要是工业机器人、集成电路、太阳能电池、汽车等领域；新兴 产业产品中，增速较低的主要是智能手机，月度和年累计均在同比负增区间。手机内销增速较高，但出口增速较低。水 泥产量同比降幅扩大，反映建筑业投资处于偏弱状态 。 第三， 社零增速出现跃升。 5 月同比达 6.4% ，其中城市消费修复速度更快，城市消费在 2023 年下半年 - 今年 2 月一直弱于农村消费，今年 3 月起开始高于农村， 5 月领先幅度进一步扩大。增速较高的门类包括家电、通讯器材、 文化办公、体育娱乐、家具、金银珠宝、粮油食品、烟酒等，其中家电、通讯器材的增速均处于年内新高 ...