Export Data - In July, China's exports reached $321.78 billion, a year-on-year increase of 7.2%[2] - From January to July, total exports amounted to $2,130.36 billion, growing by 6.1% year-on-year[2] - Exports to ASEAN increased by 16.6% year-on-year in July, while exports to the US fell by 21.7%[3] Import Data - In July, imports totaled $223.54 billion, reflecting a year-on-year growth of 4.1%[11] - From January to July, imports showed a year-on-year increase of 4.7%[12] - High-tech product imports grew by 7.8% year-on-year in July, despite a decline in certain categories like LCD modules[12] Product Performance - Machinery and high-tech product exports saw a slight decline, with machinery exports growing by 8.0% year-on-year in July[8] - Energy and heavy chemical product exports showed significant improvement, with fertilizer exports soaring by 134.6% year-on-year in July[11] - Light industry product exports were mixed, with categories like toys and bags showing declines of 3.3% and 10.0% respectively in July[10] Market Outlook - The export growth rate in July indicates strong resilience, with expectations for August exports to remain stable[4][14] - Potential risks include geopolitical tensions and economic downturns in Europe and the US, which could impact future export performance[14]

Core Insights - The "免申即享" (No Application Required) policy enhances efficiency and convenience for businesses, allowing them to enjoy policy benefits without the need for active applications [1] - The implementation of the "政务数据共享条例" (Government Data Sharing Regulations) marks a new phase of legal and standardized data sharing, facilitating the rollout of business support policies in Chengdu [1] Group 1: Policy Implementation - Chengdu's Business Bureau has initiated the "免申即享" policy to streamline the process for businesses to access benefits, significantly improving the business environment [1][6] - The policy allows small and medium-sized foreign trade enterprises to receive subsidies for foreign exchange derivatives without submitting any materials, thus reducing administrative burdens [3][5] Group 2: Financial Support and Impact - Since the launch of the foreign exchange risk hedging policy in July 2022, over 360 small and medium-sized foreign trade enterprises have benefited, with support funds exceeding 5.1 million yuan and facilitating over 1 billion USD in foreign exchange derivative transactions [5] - In 2023, the Chengdu Business Bureau has implemented two "免申即享" measures, benefiting over 880 enterprises and disbursing nearly 21 million yuan, with a processing time reduced by approximately three months compared to traditional methods [5] Group 3: Business Operations and Market Focus - The "免申即享" model allows companies to redirect their resources from administrative tasks to core business activities such as customer development and market expansion [5][6] - The policy reflects an upgraded service awareness from relevant departments, showcasing Chengdu's commitment to an enterprise-centered approach in improving the business environment [7] Group 4: Future Recommendations - There is a call for expanding the coverage of the "免申即享" policy and promoting the model of "government data sharing - no material submission required" to further support businesses [7] - Suggestions include targeted support measures for small and medium-sized foreign trade enterprises, such as training on foreign exchange risk management and assistance for cross-border e-commerce market expansion [7]

Core Viewpoint - The State Administration for Market Regulation (SAMR) will conduct national quality supervision and random inspections on 164 types of products in 2025, focusing on ensuring product safety and quality across various sectors [1] Group 1: Inspection Scope and Methodology - SAMR will employ a dual-random approach to select enterprises for inspection and match them with sampling inspection institutions [1] - A total of over 16,000 batches of samples will be collected from production, circulation, and online sales, covering eight key areas including electronics, agricultural materials, construction materials, and food-related products [1] Group 2: Focus Areas for 2025 - Children's products will remain a key focus for inspections this year [1] - The inspection intensity for products sold through live streaming and online sales will significantly increase, with the number of batches inspected rising by 70% compared to 2024 [1] - The inspection batches for products such as power banks and electric bicycles will also see a substantial increase [1] Group 3: Emerging Industries - To support the rapid development of emerging industries, electric vehicle charging stations, power batteries, drones, and photovoltaic components will be included in the inspection scope [1]

陕西自贸试验区是我省改革开放的重要"试验田"，而创新成果就是"试验田"里收获的"秧苗"。 当前，世界经济增长乏力，主要市场增长动能弱等不确定、不稳定因素增多，稳固外贸发展极为重 要。去年底，陕西自贸试验区评选出的16个"最佳实践案例"中，促进贸易转型升级的案例数量最多，足 见陕西自贸试验区对推进外贸量质齐升的重视。其中，在AI技术驱动下，西安跨境电商的智能变革尤 为醒目。 5月9日，记者走进西安浐灞跨境电商产业园，犹如置身一座全球化的数字港口。AI、大数据、云 计算技术正加速驱动生产。各企业订单数据不断刷新，买家只需轻点手机屏幕，便能瞬间完成交易。 在这座数字港口，每位参与者都能找到自己的方向，驶向广阔的"新蓝海"。狮子（陕西）科技有限 公司负责人冯洋便是其中之一。 9时，冯洋准时到达园区2楼的工位上，点开公司网站的后台数据，通过AI工具分析前一天的销售 情况。 "过去，'一票一线'进出境备案清单对应的多车货物，需要靠专人统一指挥，待全部车辆到达后集 中过卡进出区。这需要同时调集多辆卡车，协调难度大。当前实行的'一线一票多车'整报分送模式不仅 提高了车辆调度效率，还降低了货物滞留风险，为我们节省了一大笔费用。 ...

Report Industry Investment Rating No relevant information provided. Core Viewpoints of the Report - In April, the sales of new energy vehicles increased. The estimated wholesale sales of new energy passenger vehicles by manufacturers nationwide in April were 1.14 million, a year - on - year increase of 42% and a month - on - month increase of 1%. The cumulative wholesale from January to April this year was estimated to be 4 million, a year - on - year increase of 42 [1]. - In the first quarter, under the support of a series of policies to expand domestic demand and promote consumption, large - scale light industrial enterprises achieved an operating income of 5.4 trillion yuan, a year - on - year increase of 4.8%, and a profit of over 300 billion yuan, a year - on - year increase of 1.4% [1]. - In April, the China Logistics Prosperity Index was 51.1%. The overall demand for logistics services maintained an expansion trend, with a significant recovery in the western region. The fixed - asset investment completion index reached a three - year high, and both railway and waterway investments maintained rapid growth [1]. - During the "May Day" holiday, consumption demand was strong. The sales revenue of national consumption - related industries increased by 15.2% year - on - year. Driven by the "trade - in" policy, the sales revenue of household appliances and audio - visual equipment increased by 167.5% year - on - year, communication equipment increased by 118% year - on - year, and furniture increased by 1.7 times year - on - year [1]. - The credit spreads of the pharmaceutical and chemical industries have recently declined slightly [3]. Summary According to Related Catalogs Industry Overview Upstream - Energy: International oil prices continued to fluctuate due to tariffs [2]. - Non - ferrous metals: The prices of copper, zinc, and nickel fluctuated due to tariffs [2]. - Building materials: The prices of cement and building materials continued to decline [2]. - Chemical industry: The prices of PTA and soda ash declined compared to the same period last week [2]. Midstream - Chemical industry: The operating rate of PTA recovered; the operating rate of PX declined recently; the operating rates of polyester and urea were at this year's high [2]. - Infrastructure: The operating rate of asphalt reached a three - year low [2]. Downstream - Real estate: The sales of commercial housing in first - and second - tier cities were the same as the same period last year, at a three - year low [2]. - Services: The number of international flights increased, while the number of domestic flights decreased compared to the same period [2]. Market Pricing - The credit spreads of the pharmaceutical and chemical industries have recently declined slightly [3]. Industry Credit Spread Tracking | Industry | Last Year's Same Period | One Quarter Ago | One Month Ago | Last Week | This Week | Quantile | | --- | --- | --- | --- | --- | --- | --- | | Agriculture, Forestry, Animal Husbandry, and Fishery | 69.91 | 82.75 | 79.77 | 76.10 | 77.76 | 9.80 | | Mining | 37.70 | 48.62 | 46.09 | 46.92 | 47.91 | 26.10 | | Chemical Industry | 68.63 | 69.46 | 66.11 | 62.01 | 63.09 | 3.30 | | Steel | 45.28 | 58.70 | 55.06 | 55.91 | 55.99 | 17.10 | | Non - ferrous Metals | 49.62 | 57.51 | 54.99 | 57.70 | 58.77 | 30.20 | | Electronics | 59.65 | 79.88 | 71.75 | 70.84 | 77.65 | 51.60 | | Automobile | 65.91 | 77.15 | 48.35 | 51.29 | 51.29 | 2.50 | | Household Appliances | 46.53 | 54.97 | 47.18 | 51.64 | 53.02 | 17.80 | | Food and Beverage | 44.33 | 44.75 | 44.82 | 45.90 | 45.51 | 14.70 | | Textile and Apparel | 51.60 | 63.87 | 52.58 | 54.15 | 55.00 | 12.90 | | Light Industry Manufacturing | 80.48 | 191.11 | 199.42 | 167.39 | 165.50 | 9.10 | | Pharmaceutical and Biological | 59.52 | 67.28 | 69.00 | 72.61 | 73.82 | 33.80 | | Public Utilities | 27.75 | 33.02 | 33.01 | 33.96 | 33.99 | 28.80 | | Transportation | 35.15 | 37.54 | 36.21 | 37.50 | 38.14 | 16.80 | | Real Estate | 417.18 | 333.93 | 158.87 | 126.02 | 125.70 | 8.70 | | Commerce and Trade | 51.18 | 53.14 | 49.64 | 51.14 | 51.36 | 15.20 | | Leisure Services | 70.79 | 103.17 | 111.30 | 124.07 | 127.15 | 100.00 | | Banking | 28.82 | 22.57 | 26.31 | 20.39 | 19.75 | 6.80 | | Non - banking Finance | 34.34 | 35.93 | 34.43 | 35.19 | 35.76 | 19.10 | | Comprehensive | 67.08 | 52.21 | 47.75 | 50.35 | 51.02 | 7.70 | | Building Materials | 38.98 | 47.52 | 45.49 | 46.85 | 47.38 | 25.60 | | Building Decoration | 47.99 | 57.41 | 54.00 | 55.04 | 56.84 | 19.00 | | Electrical Equipment | 60.42 | 85.96 | 82.28 | 80.41 | 83.45 | 48.10 | | Machinery and Equipment | 38.80 | 45.15 | 42.70 | 45.46 | 48.31 | 37.00 | | Computer | 72.69 | 73.92 | 64.40 | 62.63 | 62.98 | 2.00 | | Media | 229.75 | 46.00 | 46.89 | 46.31 | 46.41 | 4.60 | | Communication | 232.58 | 39.43 | 32.45 | 29.14 | 28.75 | 3.60 | [46] Key Industry Price Index Tracking | Industry Name | Index Name | Frequency | Unit | Update Time | Current Value | Year - on - Year | Past 5 - day Trend | | --- | --- | --- | --- | --- | --- | --- | --- | | Agriculture | Spot price of corn | Daily | Yuan/ton | 5/7 | 2282.9 | 1.33% | | | | Spot price of eggs | Daily | Yuan/kg | 5/7 | 6.6 | 2.22% | | | | Spot price of palm oil | Daily | Yuan/ton | 5/7 | 8584.0 | - 2.01% | | | | Spot price of cotton | Daily | Yuan/ton | 5/7 | 14124.3 | - 1.04% | | | | Average wholesale price of pork | Daily | Yuan/kg | 5/7 | 21.0 | 2.09% | | | | Spot price of copper | Daily | Yuan/ton | 5/7 | 78520.0 | 0.46% | | | | Spot price of zinc | Daily | Yuan/ton | 5/7 | 22758.0 | - 1.85% | | | Non - ferrous Metals | Spot price of aluminum | Daily | Yuan/ton | 5/7 | 19630.0 | 2.26% | | | | Spot price of nickel | Daily | Yuan/ton | 5/7 | 125683.3 | 0.52% | | | | Spot price of aluminum | Daily | Yuan/ton | 5/7 | 16637.5 | - 1.41% | | | | Spot price of rebar | Daily | Yuan/ton | 5/7 | 3177.2 | 0.81% | | | Ferrous Metals | Spot price of iron ore | Daily | Yuan/ton | 5/7 | 781.4 | - 0.23% | | | | Spot price of wire rod | Daily | Yuan/ton | 5/7 | 3377.5 | 1.43% | | | | Spot price of glass | Daily | Yuan/square meter | 5/7 | 15.2 | 2.57% | | | Non - metals | Spot price of natural rubber | Daily | Yuan/ton | 5/7 | 14578.3 | 0.76% | | | | China Plastic City Price Index | Daily | - | 5/7 | 833.0 | - 0.86% | | | | Spot price of WTI crude oil | Daily | US dollars/barrel | 5/7 | 59.1 | 2.20% | | | | Spot price of Brent crude oil | Daily | US dollars/barrel | 5/7 | 62.2 | - 1.79% | | | Energy | Spot price of liquefied natural gas | Daily | Yuan/ton | 5/7 | 4282.0 | 0.23% | | | | Coal price: coal | Daily | Yuan/ton | 5/7 | 788.0 | - 0.38% | | | | Spot price of PTA | Daily | Yuan/ton | 5/7 | 4552.8 | 1.38% | | | Chemical Industry | Spot price of polyethylene | Daily | Yuan/ton | 5/7 | 7500.0 | - 0.88% | | | | Spot price of urea | Daily | Yuan/ton | 5/7 | 1906.7 | 1.60% | | | | Spot price of soda ash | Daily | Yuan/ton | 5/7 | 1462.5 | - 2.66% | | | | National cement price index | Daily | - | 5/7 | 144.9 | - 2.24% | | | Real Estate | Building materials composite index | Daily | - | 5/7 | 116.1 | - 0.96% | | | | National concrete price index | Daily | Point | 5/7 | 100.3 | 0.00% | | [47]