Group 1 - China's economic data for May indicates a shift in growth momentum from exports and investments to consumption, with retail sales growth reaching a high point since 2024, exceeding market expectations [2] - The A-share market has shown a significant reduction in trading volume, with the major indices collectively declining, reflecting a lack of incremental capital [2][3] - Defensive sectors, particularly liquor and banking, have demonstrated stronger performance amidst market adjustments, with notable gains in companies like China National Heavy Duty Truck Group and Shanxi Fenjiu [2] Group 2 - The recent adjustment of the "Everyday Brand 100 Index" included nine new companies, with Gujing Gongjiu showing a remarkable weekly increase of 4.4% [4] - Gujing Gongjiu's chairman emphasized the need to address long-term industry challenges while maintaining sustainable growth, aiming to keep its market share in Anhui above 60% [4] - Vipshop, another new entrant in the index, has seen a slight increase in stock price, focusing on providing high-quality products and services to enhance shareholder returns [5] Group 3 - The liquor industry is currently in a valuation recovery phase, presenting short-term investment opportunities as defensive sectors regain investor interest [6] - The liquor ETF has experienced a decline of 9.42% in 2025, underperforming the broader market, yet its share count has increased by 15.07 million, indicating continued investor interest [7] - The index tracked by the liquor ETF focuses on companies involved in the production of various alcoholic beverages, with major stocks like Kweichow Moutai and Wuliangye accounting for over 50% of the index weight [7]