进博会的许多参展商，也是投资商。三星持续投资中国，尖端产业投资占比近90%；米其林在沈阳和上 海投产多条轮胎产线以满足新能源汽车市场需求；施耐德电气多个研发中心、创新实验室相继落地…… 外企的"不约而同"传递出一个清晰信号：今日之中国，不仅是重要的出口目的地，也是极富价值的投资 地、创业地。 还有展商这样说："8年我们一次都没有缺席，每年进博会都不负期待。" 穿梭在不同的展台，时时可以听见主播推介产品的声音，"我们在进博会现场"为品牌形象增色不少。一 个个新品牌、新产品在"四叶草"亮相，进而提高知名度、认可度。线下洽谈签约、线上浏览下单，火热 的合作场景，成为中国市场优势的缩影。 14亿多人口的超大规模市场，随着消费升级与产业变革还在不断催生新需求，对外企外资的吸引力也与 日俱增，适合外商投资兴业的场景更加丰富。用好进博会等开放平台，丰富国内市场绿色、健康、智能 的高品质供给，必能进一步释放市场潜力，为高品质生活、高质量发展添彩。 究其原因，我国拥有完备的产业链和发达的物流网络，能及时响应需求，为生产、运输等环节提供强大 支撑，在成本、速度等方面具有明显优势。更重要的是，随着我国产业体系日渐向智能化、绿色化、 ...

今日之中国，不仅是重要的出口目的地，也是极富价值的投资地、创业地 不久前闭幕的第八届进博会，给全球展商、观众留下深刻印象。据统计，本届进博会按一年计意向成交 额达834.9亿美元，创历史新高。展会年年办，吸引力何以越来越强？ 进博会的许多参展商，也是投资商。三星持续投资中国，尖端产业投资占比近90%；米其林在沈阳和上 海投产多条轮胎产线以满足新能源汽车市场需求；施耐德电气多个研发中心、创新实验室相继落地…… 外企的"不约而同"传递出一个清晰信号：今日之中国，不仅是重要的出口目的地，也是极富价值的投资 地、创业地。 究其原因，我国拥有完备的产业链和发达的物流网络，能及时响应需求，为生产、运输等环节提供强大 支撑，在成本、速度等方面具有明显优势。更重要的是，随着我国产业体系日渐向智能化、绿色化、融 合化跃进，丰富的应用场景和人才资源为全球创新提供了前所未有的成长沃土。在中国，以人工智能技 术辅助研发、依托数智化能力优化生产、从市场快速获取反馈并持续迭代，已经成为许多外企新的"制 胜之道"。依托中国产业体系，医科达公司的产品出口至120多个国家和地区。实践证明，中国的新发 展，也是世界的新机遇。站稳中国市场，就能在 ...

Group 1: Event Overview - The China International Import Expo (CIIE) serves as a significant platform for global businesses to engage with the Chinese market, showcasing the country's openness and investment potential [2][3][4] - The event features various international exhibitors, highlighting China's role as a fertile ground for global commerce and investment [2][3] Group 2: Market Opportunities - The Ministry of Commerce launched the "Shared Big Market · Export to China" initiative, emphasizing the importance of collaboration and mutual benefits in the global market [3] - General Electric Medical has successfully introduced over 50 precision medical innovations to the Chinese market, indicating strong demand and growth potential in the healthcare sector [3] - Procter & Gamble showcased new products tailored for the Chinese market, reflecting a consumer-centric approach to innovation and sustainable growth [4] Group 3: Investment and Innovation - The CIIE is viewed as a strategic platform for companies like Michelin to deepen their connection with the Chinese market and foster innovation [5] - China is accelerating its green, digital, and intelligent development, with international cooperation being essential for driving innovation [5][6] - The event facilitates significant procurement agreements, such as those by China National Offshore Oil Corporation, focusing on clean and low-carbon supply chains [4][5] Group 4: Global Collaboration - The CIIE promotes free and fair trade, with participants expressing a strong desire for collaboration and shared growth [7] - The event has attracted diverse international exhibitors, showcasing products from various countries and enhancing trade relations [8] - The 10th anniversary of the China-Australia Free Trade Agreement highlights the ongoing commitment to deepening market engagement and brand development in China [8]

Core Insights - The successful arrival and storage of the first batch of 1,200 tons of No. 20 rubber at Tianjin marks the first bonded delivery of this futures product in the region, enhancing the operational capabilities of the East Jiang Comprehensive Bonded Zone [2][4] - The establishment of the No. 20 rubber futures delivery warehouse in Tianjin is significant as it is the city's first and only facility with bonded delivery capabilities for this futures product, which is crucial for the rubber processing industry [2][4] Industry Developments - The East Jiang area is leveraging its multiple functional policies as a Free Trade Zone, Comprehensive Bonded Zone, and Port to enhance its role in international shipping and financial innovation [4] - The successful implementation of the No. 20 rubber futures delivery business aligns with the trend of stable supply of bulk raw materials, which is increasingly important for the manufacturing sector in the context of the Beijing-Tianjin-Hebei coordinated development [4] Future Outlook - The East Jiang area plans to continue expanding the range of futures delivery categories and innovate service models, aiming to attract more upstream and downstream enterprises in the rubber industry [4] - The development of the No. 20 rubber futures delivery business is expected to enhance the port's resource allocation capabilities within the international trade network, contributing to the integration of port, industry, and city [4]

Group 1: Report Information - The report is a fixed - income report released on June 9, 2025 [1] - Analysts are Liang Weichao (SAC registration number: S1340523070001) and Cui Chao (SAC registration number: S1340523120001) [2] Group 2: Core Viewpoints - High - frequency economic data focuses on four aspects: production is stable with a slight decline, real estate shows continuous marginal improvement, prices have a marginal recovery, and shipping indices continue to rise significantly. Short - term attention should be paid to the implementation of new growth - stabilizing stimulus policies, the recovery of the real estate market, and changes in US tariff policies [2][31] Group 3: Production - In the week of June 6, the capacity utilization rate of coke ovens decreased by 0.15 pct, the blast furnace operating rate decreased by 0.31 pct, and the output of rebar decreased by 7.05 tons. The operating rate of petroleum asphalt increased by 3.6 pct, the PX operating rate increased by 4.91 pct, and the PTA operating rate increased by 6.1 pct. The operating rate of all - steel tires decreased by 1.33 pct, and the operating rate of semi - steel tires decreased by 4.39 pct [3][10][11] Group 4: Demand - In the week of June 1, the real estate market continued to improve, with the transaction area of commercial housing rising and the inventory - to - sales ratio falling. The land transaction area increased, and the premium rate of residential land transactions decreased. The movie box office increased by 235 million yuan compared with the previous week. In the week of May 31, the daily average retail sales of automobile manufacturers increased by 34,500 vehicles, and the daily average wholesale sales increased by 80,700 vehicles. In the week of June 6, the shipping index SCFI rose 8.09%, CCFI rose 3.34%, and BDI rose 15.16% [3][14][20] Group 5: Prices - In the week of June 6, Brent crude oil prices rose 4.02% to $66.47 per barrel, coking coal futures prices rose 5.06% to 779 yuan per ton. The LME copper, aluminum, and zinc futures prices changed by +1.83%, +0.12%, and +1.25% respectively, and the domestic rebar futures prices rose 0.64%. The overall price of agricultural products decreased, with the prices of pork, eggs, vegetables, and fruits changing by - 0.97%, - 2.96%, +0.46%, and - 0.64% respectively compared with the previous week [3][22][24] Group 6: Logistics - In the week of June 7, the subway passenger volume in Beijing and Shanghai decreased, and the peak congestion index in first - tier cities continued to decline. In the week of May 28, the number of domestic and international flights decreased [4][27][29]

Report Summary 1. Report Industry Investment Rating The provided content does not mention the report industry investment rating. 2. Core Viewpoints of the Report - High - frequency economic data focuses on four aspects: production heat improved overall with some开工率 rising and others falling; real estate improved marginally; prices continued to decline; shipping indices rose significantly. - Short - term attention should be paid to the implementation of new stable - growth stimulus policies, the recovery of the real estate market, and changes in US tariff policies [2][34]. 3. Summaries According to Relevant Catalogs Production - Steel: On the week of May 30, the coke oven capacity utilization rate decreased by 0.1 pct, the blast furnace开工率 increased by 0.18 pct, and the rebar production decreased by 5.97 tons [3][11]. - Petroleum asphalt: The开工率 decreased by 3.1 pct and declined for two consecutive weeks [3][11]. - Chemicals: The PX开工率 increased by 5.33 pct, and the PTA开工率 decreased by 0.58 pct [3][11]. - Automobile tires: The all - steel tire开工率 decreased by 0.16 pct, and the semi - steel tire开工率 increased by 0.03 pct [3][12]. Demand - Real estate: On the week of May 25, the commercial housing transaction area increased, the inventory - to - sales ratio decreased, the land transaction area increased, and the residential land transaction premium rate rose [4][15]. - Movie box office: It increased by 0.35 billion yuan on the week of May 25 [4][15]. - Automobiles: On the week of May 25, the daily average retail sales of manufacturers increased by 9,648 vehicles, and the daily average wholesale sales increased by 19,637 vehicles [4][18]. - Shipping indices: On the week of May 30, SCFI rose by 30.68%, CCFI rose by 0.92%, and BDI rose by 5.82% [4][22]. Prices - Energy: On May 30, Brent crude oil prices fell by 1.36% to $63.9 per barrel, and coking coal futures prices fell by 9.07% to 741.5 yuan per ton [5][24]. - Metals: On May 30, LME copper, aluminum, and zinc futures prices changed by - 1.22%, - 0.71%, and - 3.06% respectively, and domestic rebar futures prices fell by 3.01% [5][25]. - Agricultural products: The overall price stabilized, with the wholesale price index of agricultural products rising by 0.04%. Pork, eggs, vegetables, and fruits prices changed by - 1.38%, - 1.64%, + 1.41%, and - 0.38% respectively compared with the previous week [5][27]. Logistics - Subway passenger volume: On May 30, the seven - day moving average of Beijing subway passenger volume decreased by 20,800 person - times, while that of Shanghai increased by 128,600 person - times [6][30]. - Flight volume: On May 28, domestic (excluding Hong Kong, Macao, and Taiwan), domestic (Hong Kong, Macao, and Taiwan), and international flight volumes decreased [6][31]. - Urban traffic: On May 30, the seven - day moving average of the peak congestion index in first - tier cities decreased [6][31].