Core Insights - A new company named Quanjizhi Xuan (Chengdu) Automotive Service Co., Ltd. has been established with a registered capital of 100 million RMB, focusing on various automotive services and sales [1] Company Information - The legal representative of the company is Tan Jian, and it is fully owned by Great Wall Zhixuan Information Technology (Baoding) Co., Ltd., which is a wholly-owned subsidiary of Great Wall Motors (601633) [1][2] - The company was officially registered on November 7, 2025, and is classified as a limited liability company [2] - The business scope includes vehicle repair and maintenance, sales of new energy vehicle electrical accessories, sales of plug-in hybrid dedicated engines, retail of automotive parts, and second-hand vehicle brokerage and auction services [1][2] Business Scope - The company’s operations encompass a wide range of services including: - Vehicle repair and maintenance - Sales of new energy vehicle electrical accessories - Sales of plug-in hybrid dedicated engines - Retail of automotive parts and lubricants - Second-hand vehicle brokerage and auction services - Emergency rescue services and car washing services [1][2]

Core Insights - Bosnia and Herzegovina's total number of newly registered vehicles reached 10,276 in September 2025, marking a year-on-year increase of 13.7% [1] - Passenger cars accounted for the largest share of new registrations at 75.2%, while other vehicle types included trucks (6.8%), trailers (3.4%), motorcycles (3.1%), mopeds (2.1%), road tractors and semi-trailers (1.4%), special vehicles (0.9%), and buses (0.4%) [1] - The number of newly registered vehicles in September was 1,722, representing a year-on-year growth of 31.3%, which constituted 16.8% of all new registrations for the month [1] - In the first three quarters of the year, Bosnia and Herzegovina registered a total of 15,326 new vehicles, reflecting a 9.3% increase compared to the same period last year [1] - Among the new registrations in September, 57.3% were registered by individual users [1] - In terms of fuel types for newly registered passenger cars, gasoline vehicles had the highest share at 43% [1]

Core Insights - The WTO has revised its global trade growth forecast for 2025 upwards to 2.4%, driven by increased spending on AI-related products, a surge in North American imports before tariff hikes, and strong trade growth in other regions [1][5] - However, the forecast for 2026 has been significantly downgraded to 0.5%, indicating potential challenges ahead [1][5] Group 1: Trade Growth Drivers - In the first half of 2025, global merchandise trade volume is expected to grow by 4.9% year-on-year, with a 6% increase in current dollar terms following a 2% growth in 2024 [4] - Key drivers of this growth include early North American imports, favorable macroeconomic conditions such as deflation and supportive fiscal policies, and robust growth in emerging markets [4] - AI-related products, including semiconductors, servers, and telecommunications equipment, contributed nearly half of the overall trade growth, with a year-on-year value increase of 20% [4] Group 2: Trade Forecast Adjustments - The WTO anticipates that global merchandise trade growth will slow from 2.8% in 2024 to 2.4% in 2025 and further to 0.5% in 2026, reflecting the impact of higher tariffs and trade policy uncertainties [5] - The GDP growth forecast for 2025 is set at 2.7%, with a slight decrease to 2.6% in 2026 [5] - The WTO emphasizes that the main downside risks to this forecast include the spread of trade restrictions and policy uncertainties across more economies and sectors [5] Group 3: Regional Trade Performance - Asia and Africa are expected to achieve the fastest export growth in 2025, while North America is projected to experience a decline [6] - By 2026, export performance in North America and Europe is expected to improve, although all regions are anticipated to see a decline in import performance [6] Group 4: Impact on Services Trade - The WTO has downgraded its forecast for global commercial services trade due to indirect impacts from tariffs, with transportation and tourism sectors expected to see reduced growth rates [7] - The expected growth rate for transportation services in 2025 is 2.5%, down from 4.5% in 2024, while tourism is projected to grow by 3.1%, a decrease from 11% the previous year [7] - Digital services are expected to show slightly stronger growth, with a forecast of 6.1% compared to 5.7% in 2024 [7]

Core Insights - Croatia's industrial finished goods inventory increased by 1.7% month-on-month and 5.2% year-on-year as of the end of July 2025 [1] Inventory Breakdown - The largest monthly increase in inventory was seen in energy products, which rose by 19.8% [1] - Durable goods inventory grew by 5%, capital goods by 1.1%, and non-durable goods by 0.1%, while intermediate products saw a decrease of 0.6% [1] - Year-on-year, non-durable goods inventory increased by 10.9%, and intermediate goods by 5.9%, whereas capital goods inventory decreased by 23.9%, and both durable goods and energy inventories fell by 3.7% [1] Sector Analysis - Mining and quarrying inventory rose by 1.8% month-on-month and 1.5% year-on-year [1] - Manufacturing inventory increased by 1.6% month-on-month and 5.5% year-on-year [1] - The largest monthly inventory increase in manufacturing was in coke and refined petroleum products (+32.1%), followed by chemicals and chemical products (+13.7%), and metal products (excluding machinery and equipment) (+11.5%) [1] - The most significant monthly inventory decreases were in the manufacture of motor vehicles, trailers, and semi-trailers (-21.7%) and tobacco products (-13.5%) [1] - Year-on-year, the largest inventory increase in manufacturing was in the automotive sector, which saw a tenfold increase, while the largest decrease was in machinery manufacturing, which fell by 65.6% [1]

Group 1 - Guizhou Huaxing Mingshi Automobile Sales Service Co., Ltd. has been established with a registered capital of 10 million RMB [1] - The company is wholly owned by Huaxing Mingshi Group Co., Ltd. [1] - The business scope includes automobile sales, auto parts wholesale, mechanical equipment sales, vehicle repair and maintenance, and second-hand car brokerage [1] Group 2 - The legal representative of the company is Du Hongchuan [1] - The company is classified under the residential services, repair, and other service industries, specifically in the repair of other daily products [1] - The business address is located in the International Automobile Trade City, Guizhou Province, Guiyang City [1]

Core Viewpoint - Yancheng Puzhibao Automobile Sales Service Co., Ltd. has been established with a registered capital of 10 million RMB, fully owned by Shanghai Puzhibao Industrial Development Co., Ltd. [1] Company Summary - The legal representative of Yancheng Puzhibao Automobile Sales Service Co., Ltd. is Liu Ruo [1] - The company is registered with a capital of 10 million RMB [1] - The business scope includes automobile sales, retail of auto parts, vehicle repair and maintenance, retail of motorcycles and parts, sales of new energy vehicles, sales of new energy vehicle electrical accessories, daily goods sales, second-hand car brokerage, operation of second-hand car trading market, vehicle appraisal, and information consulting services [1] Industry Summary - The company operates in the residential services, repair, and other service industries, specifically in the repair of motor vehicles, electronic products, and daily products [1] - The registered address is located in Liu Peng Group 1, Yandu District, Yancheng City, Jiangsu Province [1] - The company type is a limited liability company with an operating period until August 19, 2025, with no fixed term thereafter [1]

Core Insights - Gansu Beiyuan Automobile Service Co., Ltd. has been established with a registered capital of 2 million RMB, fully owned by Linxia Changming Real Estate Co., Ltd. [1] Company Overview - The legal representative of Gansu Beiyuan Automobile Service Co., Ltd. is Wang Xianxia [1] - The company is classified under the national standard industry of resident services, repair, and other service industries, specifically in the repair of motor vehicles, electronic products, and daily-use products [1] - The business scope includes automobile towing, rescue, and clearing services; motor vehicle repair and maintenance; retail of auto parts; car wash services; tire sales; lubricating oil sales; sales of car decoration supplies; repair of daily-use products; repair of communication equipment; maintenance of computers and office equipment; bicycle repair; electric bicycle repair; and repair of daily electrical appliances [1] Shareholding Structure - Linxia Changming Real Estate Co., Ltd. holds 100% of the shares in Gansu Beiyuan Automobile Service Co., Ltd. [1] Business Operations - The company is located at the second floor, room 208, Changming Folk Customs Building, Outer Ring Road, Tucheng Town, Linxia County, Gansu Province [1] - The business registration is valid until August 8, 2025, with no fixed term thereafter [1] - The company is categorized as a limited liability company (wholly owned by a natural person) [1]

Core Viewpoint - Qingdao Ruixin Automobile Sales Service Co., Ltd. has been established with a registered capital of 8 million RMB, focusing on the sale of new energy vehicles and related services [1] Company Summary - The legal representative of Qingdao Ruixin Automobile Sales Service Co., Ltd. is Wang Chongwei [1] - The company is jointly owned by Qingdao Ruicheng Investment Development Co., Ltd. (90% stake) and Qingdao Ruiguan Automobile Sales Service Co., Ltd. (10% stake) [1] - The business scope includes new energy vehicle sales, used car brokerage, automotive decoration products sales, and various automotive services [1] Industry Summary - The company operates within the residential services, repair, and other service industries, specifically in the repair of motor vehicles, electronic products, and daily-use products [1] - The registered address is located in the Qingdao Free Trade Zone, indicating a strategic position for trade and automotive services [1]

Core Viewpoint - Xiamen Taige Automobile Sales Service Co., Ltd. has been established with a registered capital of 10 million RMB, fully owned by Guangxi Taige Automobile Sales Service Co., Ltd. [1] Company Summary - The legal representative of Xiamen Taige Automobile Sales Service Co., Ltd. is Liang Lei [1] - The company is registered with a capital of 10 million RMB [1] - The business scope includes sales of new energy vehicles, automobile sales, second-hand vehicle trading, vehicle repair and maintenance, auto parts retail, and electric vehicle charging infrastructure operation [1] Industry Summary - The company operates in the industry of resident services, repair, and other service industries, specifically focusing on vehicle and electronic product repair [1] - The company is located at 1005 Maqing Road, Haicang District, Xiamen [1] - The business license allows for various activities, including car washing services, subject to approval from relevant authorities [1]

Core Insights - The Birgunj customs in Nepal imported a total of 68,743 vehicles in the fiscal year 2024/25, covering a wide range of vehicle types from motorcycles to cranes [1] - Vehicle imports have become the second-largest source of tax revenue for this customs point, with a significant contribution from fuel vehicles, which generated 17.31 billion Nepalese Rupees in duties last fiscal year [1] - The customs point processes an average of approximately 188 imported vehicles daily [1]