Group 1 - The core viewpoint of the news is that significant progress has been made in building a strong transportation country during the "14th Five-Year Plan" period, with a comprehensive transportation system achieving historic milestones [1] - The construction of the national comprehensive three-dimensional transportation network has exceeded 90% completion, enhancing transportation capacity, service quality, and operational efficiency [1] - Key areas of focus include improved infrastructure networks, stronger strategic support, more efficient transportation services, advanced technological equipment, deeper open cooperation, and a more complete governance system [1] Group 2 - By the end of 2024, the railway operating mileage is expected to reach 162,000 kilometers, an increase of approximately 16,000 kilometers from the end of the "13th Five-Year Plan," with high-speed rail increasing by 10,000 kilometers [1] - The total length of highways is projected to reach 5.49 million kilometers, an increase of about 290,000 kilometers, including an increase of 30,000 kilometers in expressways [1] - Fixed asset investment in transportation during the first four years of the "14th Five-Year Plan" reached 15.2 trillion yuan, a year-on-year increase of 23.3% [1] Group 3 - Since the 18th National Congress of the Communist Party, over 4.9 trillion yuan has been invested in rural road fixed assets, with more than 1.2 trillion yuan allocated for maintenance [2] - By the end of 2024, the total length of rural roads is expected to reach 4.64 million kilometers, forming a basic rural transportation network [2] - The national railway fixed asset investment is expected to reach 4 trillion yuan during the "14th Five-Year Plan," effectively driving economic growth [2] Group 4 - The Civil Aviation Administration of China has set 14 development indicators for the "14th Five-Year Plan" period to promote the development of air logistics, focusing on scale, safety, intelligence, and quality [2] - By the end of 2024, there will be 13 cargo airlines and 268 cargo aircraft, an increase of 2 airlines and 82 aircraft compared to 2020 [2] - The international cargo market share of Chinese airlines has reached 44%, an increase of 4 percentage points year-on-year [2] Group 5 - The postal industry has prioritized high-quality development during the "14th Five-Year Plan," achieving significant results in reform and development [3] - The industry has seen continuous growth in operating entities and an enhancement in transformation and upgrading capabilities [3] - During the "14th Five-Year Plan," there are 8 listed companies in the postal industry, with two entering the global top 500 [3]

Core Viewpoint - The postal industry plays a crucial role in enhancing the market-oriented, legal, and international business environment in China, significantly contributing to the construction of a unified national market [1][2]. Group 1: Urban-Rural Development - The postal industry has improved the effectiveness of urban-rural balanced development by strengthening the rural delivery logistics system, creating a three-tier logistics system of "county-town-village," which transforms the delivery service shortfalls in rural areas into potential growth opportunities [1]. - This initiative has alleviated consumption bottlenecks and narrowed the gap in consumption patterns and service experiences between urban and rural residents [1]. Group 2: Regional Coordinated Development - The State Post Bureau is actively implementing regional coordinated development strategies, enhancing postal infrastructure in central and western regions, and improving the effective connection of various transportation modes with key nodes and supply chains [2]. - In 2024, the express delivery volume in central and western regions is expected to grow by 30% and 34% year-on-year, significantly outpacing the national average [2]. - Newly established mail and express processing centers in regions like Qinghai and Gansu have greatly improved processing capabilities, enhancing logistics infrastructure in the western areas [2]. Group 3: Smooth Flow of Production Factors - The postal industry connects various sectors and integrates online and offline channels, embedding itself in production and consumption scenarios, thus reflecting the dynamic nature of China and its open market [2]. - Through infrastructure development, data empowerment, and policy collaboration, the industry directly unleashes consumer potential and serves as a vital channel for breaking market segmentation and promoting the free flow of production factors [2].

Core Viewpoint - The "ESG Action Group" data platform has updated its ESG rating data for 2024, reflecting the growing importance of ESG factors in investment decisions and corporate governance [1] Group 1: ESG Ratings Overview - The number of A-share listed companies included in the ESG ratings has increased to 5,354 from 5,330 last year, covering major exchanges in Shanghai, Shenzhen, and Beijing [2] - The average ESG scores for the top five industries are in insurance, catering, construction installation, postal services, and black metal mining [2][5] - The average ESG scores for listed companies in Beijing, Tianjin, Ningxia, Shanghai, and Hainan rank highest among regions, with scores of 59.03, 57.96, 55.84, 54.34, and 53.93 respectively [7] Group 2: Industry and Regional Insights - The analysis indicates that industries with fewer listed companies may show inflated ESG scores due to the "head effect" from top-performing firms [6] - Industries such as ecological protection, power production, and waste resource utilization have high average ESG scores when excluding smaller sample sizes [6] - The ranking of listed companies by ESG scores has changed slightly, with local governments increasingly prioritizing sustainable development through policy initiatives [7] Group 3: Corporate Nature and Board Performance - The ranking of ESG scores by corporate nature is led by central state-owned enterprises, followed by other enterprises, local state-owned enterprises, public enterprises, collective enterprises, foreign enterprises, and private enterprises [8] - The scoring order by listing board remains consistent with last year, with the Sci-Tech Innovation Board leading, followed by the Main Board, Growth Enterprise Market, and North Exchange Market [8] Group 4: Regulatory and Market Developments - The regulatory focus on enhancing ESG rating capabilities in China's capital market has intensified, with the Shanghai Stock Exchange implementing a special action plan to improve ESG ratings [12] - By the end of 2024, 342 listed companies in Shanghai are expected to be included in the MSCI ESG ratings, with 100 companies achieving upgrades in their latest ratings [12] - The action plan emphasizes the importance of both international and domestic ESG rating systems, advocating for a dual benchmarking approach for companies [13]

Core Viewpoint - The Guangzhou Municipal Government and China Post Group have signed a strategic cooperation framework agreement to enhance the logistics capabilities in the Guangdong-Hong Kong-Macao Greater Bay Area, aiming to build a globally competitive international logistics center [2][3]. Group 1: Strategic Cooperation - The agreement focuses on collaboration in areas such as postal finance, convenience services, modern logistics systems, rural revitalization, emerging industries, and the integration of culture and tourism [3]. - The partnership aims to support the construction of a postal aviation hub in the Greater Bay Area, enhancing the logistics infrastructure [3]. Group 2: Economic and Social Development - Guangzhou is recognized as a key central city and international transportation hub in China, with a comprehensive transportation system that supports the growth of modern logistics [2]. - The cooperation is expected to contribute positively to the economic and social development of Guangzhou, leveraging the strengths of both parties [2][3]. Group 3: Future Initiatives - The collaboration will also focus on deepening cooperation in smart logistics, low-altitude economy, and modern finance, aligning with national development strategies [2][3]. - The strategic relationship is seen as a starting point for enhancing public services and expanding financial service capabilities [3].

Core Viewpoint - The National Postal Service aims to accelerate technological development in the postal industry through a comprehensive set of guidelines, focusing on innovation, market orientation, and collaboration between academia and industry, with specific targets set for 2027 and 2035 [1][2]. Group 1: Technological Development Goals - By 2027, the postal industry aims to enhance its R&D investment, improve the scale of technology transfer, and significantly elevate the level of innovation [1]. - By 2035, a complete technological innovation system is expected to be established, with enhanced innovation capabilities and a pool of leading talent and research institutions [1]. Group 2: Key Strategies for Innovation - The guidelines emphasize the establishment of a robust R&D system, high-quality technology product systems, and a comprehensive application system for technology transfer [1]. - The postal industry will focus on service innovation, smart development, safety, green initiatives, and management innovation to drive overall industry growth [1][2]. Group 3: Current Industry Trends - The postal industry is increasingly prioritizing artificial intelligence, leveraging vast data resources and application scenarios to enhance operational efficiency across various processes [2]. - Technological innovations are being applied in logistics systems at the county, town, and village levels to support rural revitalization and increase farmers' income [2]. Group 4: Implementation Plans - The National Postal Service plans to strengthen technological innovation during the 14th Five-Year Plan period, focusing on establishing a market-oriented innovation system led by enterprises [3]. - Specific initiatives include the integration of AI in postal services, promoting the use of drones and automated vehicles, and conducting pilot projects for new technologies and models [3].

Manufacturing Sector - The manufacturing PMI for May 2025 is reported at 49.5%, a significant increase of 0.5 percentage points from the previous month, aligning with market expectations[2][4] - The production index rose to 50.7%, up 0.9 percentage points from last month, indicating a recovery in production activities[5][14] - New orders index increased to 49.8%, up 0.6 percentage points, reflecting improved demand conditions[5][14] - High-energy industries continue to decline, with the PMI dropping to 47.0%, down 0.7 percentage points, indicating ongoing challenges in these sectors[6] External Trade - The new export orders index rose to 47.5%, a significant increase of 2.8 percentage points, indicating a recovery in export activities following tariff reductions[21] - The import index increased to 47.1%, up 3.7 percentage points, suggesting improved import conditions[21] Service Sector - The service sector PMI increased slightly to 50.2%, up 0.1 percentage points, remaining in the expansion zone, driven by increased tourism and hospitality activities during the May Day holiday[31] Construction Sector - The construction PMI is at 51.0%, down 0.9 percentage points, indicating a slowdown in expansion primarily due to weakened housing demand, although infrastructure projects are accelerating[35] - Special bond issuance has increased significantly, with 443.2 billion yuan issued in May, up from 230.1 billion yuan in April, supporting investment in infrastructure[35]

Core Viewpoint - The National Postal Service of China has introduced an opinion document aimed at accelerating technological development in the postal industry, focusing on integrating artificial intelligence into various operational scenarios [1] Group 1: Technological Integration - The document emphasizes the creation of benchmark products that combine artificial intelligence with postal services, targeting customer service, production operations, and safety management [1] - Current applications of artificial intelligence in the postal industry include mail collection, sorting, transportation, and delivery processes [1] Group 2: Efficiency and Cost Reduction - The implementation of intelligent security inspection systems in the postal sector has significantly improved inspection efficiency and reduced costs [1] - These advancements are contributing to the effective enforcement of safety inspection protocols for mail and packages [1]

Core Viewpoint - Jiangsu's service industry has shown a strong start in the first quarter, with significant growth in both high-tech and traditional service sectors, contributing to the province's economic development [1][2][3]. Group 1: Service Industry Performance - In the first quarter, Jiangsu's service industry added value reached 18,831 billion yuan, a year-on-year increase of 5.9%, accounting for 56.9% of the regional GDP, an increase of 1.3 percentage points from the previous year [1]. - The accommodation and catering industry saw a value-added growth of 7.5%, while wholesale and retail grew by 7.7%, and profit-oriented services increased by 8.9% [1]. - The contribution rate of the service industry to economic growth was 56.5%, driving a 3.3 percentage point increase in regional GDP [1]. Group 2: Production Service Sector - The revenue of large-scale service enterprises in Jiangsu grew by 8% year-on-year in the first quarter, surpassing the national average by 1 percentage point [2]. - The productive service sector accounted for 68.7% of the revenue from large-scale service enterprises, with a year-on-year growth of 9.9%, contributing 83.6% to the overall growth of the service sector [2]. - Business service revenue increased by 12.5%, contributing 33% to the growth of large-scale service enterprises [2]. Group 3: High-Tech Service Sector - High-tech services have shown strong growth, with e-commerce services leading at a year-on-year increase of 39.8% [3]. - Internet and related services saw a revenue growth of 17.1%, with internet information services and platforms growing by 14.9% and 30.8%, respectively [3]. - The revenue from technology transfer services grew by 27.8%, while research and design services increased by 10.5% [3]. Group 4: Transportation and Financial Services - The transportation network in Jiangsu operated efficiently, with railway passenger volume reaching 74.4 million, a growth of 5.1% [4]. - The total revenue of financial institutions reached 26.7 trillion yuan, with a loan balance of 27.4 trillion yuan, growing at a rate of 10.7% [5]. - The postal network's business volume reached 38.4 billion yuan, with express delivery volume exceeding 3.63 billion pieces, reflecting a growth of 21.1% [5]. Group 5: Telecommunications and Digital Economy - The telecommunications sector reported a total business volume of 34.95 billion yuan, with a steady growth of 5.1% [6]. - By the end of March, the number of internet broadband users reached 49.43 million, growing by 2.6% [6]. - The data indicates a robust integration of the digital economy with the real economy, showcasing the vitality of the service industry in Jiangsu [6].

Core Insights - China Post EMS has completed the private deployment of the DeepSeek-R1 large model, significantly enhancing service capabilities across multiple scenarios, with efficiency improvements of approximately 33% in certain areas [1][2] - The company has been actively exploring suitable applications for large models since 2024, focusing on digital transformation to address specific key issues and cultivate new productive forces [2][3] Digital Transformation and New Productive Forces - The digitalization, greening, and intelligence have become the core of China Post's new productive forces, reshaping the company and enhancing its ability to serve the economy and society [2][3] - The establishment of smart post offices and self-service experiences has improved operational efficiency, allowing a single staff member to manage high customer traffic effectively [4][6] - The introduction of cloud cabinet services by Postal Savings Bank has streamlined banking operations, allowing for an average of over 330 transactions per day from January to September 2024 [6] Technological Innovations - The launch of the upgraded dispatch system 2.0 in 2024 has improved operational efficiency and predictive capabilities, achieving an average accuracy rate of 92.98% for inter-provincial bag volume predictions [7] - The digital human "Xiao Post" 2.0 has been instrumental in e-commerce, generating significant sales and enhancing the company's ability to support rural revitalization [7][12] Investment in Technology - Postal Savings Bank has committed approximately 3% of its annual revenue to information technology, with a reported investment of 11.278 billion yuan in 2023, marking a year-on-year increase of 5.88% [9] - The "Postal Brain" platform has been developed to support various AI applications, enhancing operational efficiency across hundreds of scenarios [9] Green Initiatives - China Post has made strides in green transformation, with a focus on sustainable packaging and the promotion of new energy vehicles, achieving a fleet of 16,908 new energy vehicles by the end of 2024 [16] - The balance of green loans from Postal Savings Bank reached 781.732 billion yuan by the end of 2024, reflecting a year-on-year growth of 22.55% [16] Societal Impact - The new productive forces cultivated by China Post not only enhance its service capabilities but also contribute to high-quality development and the release of green new momentum [18] - The company's extensive network and public service role position it as a key player in applying and popularizing technological innovations that improve overall societal efficiency, known as the "Postal Effect" [18]

Core Points - France issued a commemorative stamp for the 80th anniversary of World War II victory on May 7, 2023 [1][3][5] - The first release took place in Reims, where the unconditional surrender of Nazi Germany was signed in 1945 [1][3] - The stamp series includes two stamps, each priced at 4.5 euros, with a total print run of 350,000 [3][5] Summary by Category - **Stamp Details** - The commemorative stamp belongs to the "Important Historical Moments in France" series [3] - A special edition mini-sheet was also released, priced at 11.5 euros, with a print run of 25,000 [3] - The first day cover features a historical photo related to the stamp design [3] - **Event Activities** - The release event at Reims Central Post Office attracted many visitors who sought to purchase the stamps and have them stamped with a first-day cancellation [3][5] - A commemorative exhibition showcasing stamps issued over the past 80 years related to World War II was held at the post office [5] - The stamp release is part of a broader commemoration organized by the Reims city government for the 80th anniversary of Nazi surrender [5]