Group 1 - Southeast Asia's six major economies show a slowdown in growth, with four countries experiencing reduced GDP in Q3 due to weak manufacturing output and low household consumption [1] - Thailand's Q3 GDP growth is reported at 1.2%, down from 2.8% in the previous quarter, marking the lowest level in nearly four years, primarily affected by a 1.6% decline in manufacturing [1] - Thailand's exports of goods and services also slowed to 6.9% in Q3, significantly lower than the 11.2% growth in Q2, reflecting a downturn in computer and other manufacturing product shipments, as well as a decline in tourism [1] Group 2 - The Thai central bank indicated that strong exports in Q2 were largely due to pre-shipment before tariffs took effect, predicting weaker external demand in H2, especially in Q3 [2] - The Secretary-General of Thailand's National Economic and Social Development Council noted that 82% of Thailand's exports to the U.S. are subject to high tariffs, contributing to economic challenges [2] - Singapore's Q3 GDP growth slowed to 2.9% from 4.5% in Q2, attributed to declines in the biopharmaceutical and general manufacturing sectors [2] Group 3 - Indonesia's Q3 GDP growth slowed to 5.04%, partly due to weak private consumption, prompting the government to announce nearly $3 billion in stimulus measures for Q4 [3] - Malaysia's Q3 GDP grew by 5.2%, up from 4.4% in the previous quarter, driven by a recovery in mining, although private consumption growth slowed from 5.3% to 5.0% [3] - Vietnam stands out with a GDP growth increase to 8.22% in Q3 from 8.0% in Q2, supported by strong manufacturing, construction, and service activities, despite potential export reductions due to U.S. tariffs [3]

Core Points - The recent revision of the "Technical Conditions for Motor Vehicle Operation Safety" represents a comprehensive upgrade of China's motor vehicle safety management system, addressing new issues in road traffic safety and proactively planning for the development of new energy vehicles and intelligent driving technologies [2] Group 1: Safety Requirements - The revised draft proposes stricter safety technical requirements, including vehicle acceleration performance, safety of new energy vehicles, regulation of auxiliary driving systems, and enhancement of safety performance for large and medium-sized passenger and freight vehicles [1] - Passenger cars must default to a 0-100 km/h acceleration time of no less than 5 seconds after each start, aiming to limit safety risks associated with excessive acceleration performance [1] - Pure electric and plug-in hybrid passenger vehicles are required to have a "pedal misoperation acceleration suppression function" to automatically detect and suppress power output during stationary or low-speed crawling conditions, along with sound and light signals to alert the driver [1] Group 2: Battery Safety Standards - In response to the frequent battery fire incidents in new energy vehicles, the new standards impose specific safety requirements for power batteries, such as automatic disconnection of the power circuit during collisions or airbag deployment [1] - Vehicles must have abnormal monitoring and thermal event warning functions for battery cells, with sound and light signals to alert occupants [1] - Power batteries must include directional pressure relief and pressure balance devices to ensure passenger cabin safety during thermal runaway, and for electric buses longer than 6 meters, the battery compartment must not catch fire or explode within 5 minutes after an alarm [1]

Core Viewpoint - The newly released draft of the national standard "Technical Conditions for Motor Vehicle Operation Safety" addresses critical issues related to electric vehicles, including battery safety, intelligent driving assistance, and mechanical door handles, with a focus on enhancing vehicle safety standards [1][2][4]. Group 1: General Safety Requirements - The draft introduces key quantitative indicators applicable to all vehicles, such as a default acceleration time of no less than 5 seconds for passenger cars after ignition to prevent rapid starts [2]. - It establishes a "brake signal priority" principle, ensuring that the vehicle control system prioritizes braking over acceleration in conflicting signals, thereby reducing operational risks [2]. - For intelligent features, the draft mandates that displays must be turned off and entertainment functions prohibited when the vehicle speed exceeds 10 km/h, and driving assistance systems must continuously monitor the driver's status [2][3]. Group 2: Specific Requirements for Electric Vehicles - The draft imposes stringent controls on battery thermal runaway risks, requiring real-time monitoring and warning capabilities for battery units, with audible and visual alerts for detected thermal events [4]. - It sets a safety benchmark for large electric buses, mandating that the battery compartment must not catch fire or explode within 5 minutes after an alarm, providing critical escape time for passengers [4]. - The draft also specifies physical protective structures for battery packs and requires vehicles to automatically disconnect power circuits in severe collisions [4]. Group 3: Post-Accident Safety Measures - The draft emphasizes the importance of passive safety design, introducing new regulations to maximize occupant safety and facilitate rescue after an accident [5]. - It requires vehicles to have mechanical door handles that can be operated without external tools, ensuring doors can be opened even if electronic locks fail after a collision or thermal event [6]. - Additionally, it mandates the inclusion of an emergency rescue manual in vehicles to provide rescue personnel with quick access to critical information, enhancing the efficiency of post-accident rescue operations [6]. Group 4: Industry Implications - The draft is noted for its forward-looking approach to technological advancements and systematic requirements, aiming to elevate proven intelligent driving assistance technologies to universal safety standards [6]. - It directly addresses the safety concerns surrounding electric vehicles, establishing a comprehensive framework for monitoring, warning, delaying, and protecting against risks, thereby setting quantifiable safety thresholds [6]. - The implementation of these standards is expected to drive automotive manufacturers and component suppliers to optimize product designs, ultimately enhancing vehicle safety from the source [6].

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 - Thailand's trade benefits under free trade agreements (FTAs) are expected to expand significantly in the first half of 2025, with a total utilization value of $44.79 billion, accounting for 79.6% of eligible FTA trade, marking a 10.2% increase compared to the same period last year [1] FTA Utilization Rankings - The top five FTAs by utilization amount are: - ASEAN Trade in Goods Agreement (ATIGA): $15.73 billion, utilization rate of 68% [1] - ASEAN-China Free Trade Agreement (ACFTA): $12.62 billion, utilization rate of 93% [1] - ASEAN-India Free Trade Agreement (AIFTA): $5.53 billion, utilization rate of 75% [1] - Thailand-Japan Economic Partnership Agreement (JTEPA): $3.18 billion, utilization rate of 77% [1] - Thailand-Australia Free Trade Agreement (TAFTA): $2.75 billion, utilization rate of 58% [1] Popular Products under FTAs - The five most popular products under FTAs driving Thailand's exports are fresh durians, motor vehicles, synthetic rubber, unrefined platinum, and sugar, which continue to support Thailand's export growth in various markets [1]

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: Vehicle Registration and Traffic Flow - As of the end of July 2025, the total number of registered vehicles in Macau reached 253,163, representing a year-on-year increase of 0.9% [1] - Cross-border vehicle traffic increased by 22.0% year-on-year to 949,999 trips in July, with light vehicle traffic rising by 24.2% to 900,007 trips [2] - The number of newly registered vehicles in July decreased by 13.9% to 1,018, with electric vehicles accounting for 39.6% of new registrations [1][2] Group 2: Transportation Statistics - The number of ferry services decreased by 8.6% year-on-year to 6,246 trips, while commercial flights at Macau International Airport fell by 10.1% to 4,723 flights [1][2] - For the first seven months of 2025, cross-border vehicle traffic totaled 6,252,936 trips, up 23.0% year-on-year, while ferry services and commercial flights saw declines of 2.5% and 4.3%, respectively [2] Group 3: Telecommunications and Internet Usage - The number of mobile phone users increased by 4.3% to 1,487,626, with prepaid card users rising by 11.1% [3] - Internet registration users grew by 1.7% to 780,320, while internet usage hours decreased by 2.7% to 150 million hours in July [3]

Core Insights - Dalian's foreign trade has shown significant growth in both volume and quality from January to July this year, with a total import and export value of 274.29 billion yuan, a year-on-year increase of 7.7%, surpassing national and provincial growth rates [1][3] Group 1: Trade Performance - Dalian's exports reached 144.12 billion yuan, growing by 20.1%, resulting in a trade surplus of 13.95 billion yuan [1] - The city's import and export growth ranked 5th among 15 sub-provincial cities, improving by 9 places compared to the same period last year [1] - The total import and export value for the first seven months was 610 billion yuan for bonded re-export trade, a 44% increase, accounting for 24.7% of total trade [1] Group 2: Trade Composition - General trade imports and exports decreased by 2.2% to 144.65 billion yuan, making up 52.7% of the total [1] - Processing trade saw a 5.7% increase, totaling 66.06 billion yuan, but its share slightly declined to 24.1% [1] - Private enterprises accounted for 54.9% of total trade, with a 3% increase in imports and exports, while foreign-funded enterprises grew by 12.4% [1] Group 3: Export Drivers - Key export products included electromechanical products and petrochemical products, with ship exports at 13.37 billion yuan, up 28% [2] - The export of floating platforms surged by 8054.1%, and motor vehicle exports increased by 208.2% [2] - Dalian's exports to Malaysia grew by 58.4%, maintaining its position as the second-largest trading partner [2] Group 4: Policy Support and Development - Dalian's government has implemented 20 measures to stabilize foreign trade, focusing on comprehensive services for enterprises and market expansion [3] - The city has introduced 35 cross-border trade facilitation measures to enhance efficiency and reduce costs [3][4] - The number of enterprises engaged in import and export activities increased by 6%, indicating a growing preference for Dalian as a trade hub [4]

Group 1 - As of July 1, 2025, the number of personal vehicles in Uzbekistan is projected to reach 4.61 million, with passenger cars accounting for 4.29 million (93%) [1] - The average number of passenger cars per 100 households has increased from 21 in 2010 to 59 currently [1] - The registered number of electric vehicles in Uzbekistan has reached 73,600, with 14,350 electric vehicles imported in the first half of the year, making up over half of total vehicle imports [1] Group 2 - The majority of electric vehicles are concentrated in Tashkent city and Tashkent region [1]

Core Insights - The number of registered vehicles in Seychelles has increased significantly, from 7,000 in 2000 to 42,600 by June 2024, indicating a growing trend in vehicle ownership [1] - The current vehicle registration includes 33,200 private cars, 5,300 commercial vehicles, 1,000 public vehicles, 1,200 government vehicles, and 485 rental cars, with the remainder being multipurpose vehicles [1] - Inefficiencies in the road transport system are leading to a decline in productivity, with traffic congestion resulting in fuel and labor time losses exceeding 2% of the national annual GDP [1]