Core Viewpoint - The article discusses significant economic events and data releases from June 16 to June 22, highlighting the impact of various central bank decisions and economic indicators on investment opportunities and market trends [2][4][5]. Economic Data Summary - China's real estate development investment from January to May decreased by 10.3% [2]. - In May, China's industrial added value increased by 6.1% year-on-year [2]. - The retail sales growth in China for May was 5.1% year-on-year [2]. - The U.S. retail sales growth for May is expected to show zero growth month-on-month, indicating a slowdown [25][26]. Central Bank Decisions - The People's Bank of China (PBOC) lowered the 5-year and 1-year Loan Prime Rate (LPR) by 10 basis points, marking the first reduction of the year [6][7]. - The U.S. Federal Reserve maintained its interest rate decision, with a high probability of no change at 99% [9][10]. - The Bank of Japan kept its policy rate unchanged at 0.5%, with market expectations leaning towards a pause in rate hikes [11][12]. Key Events - The 2025 Lujiazui Forum was held in Shanghai, focusing on global economic changes and financial cooperation [16][17]. - The G7 Summit took place, highlighting significant divisions among member countries regarding tariffs and international relations [18][20][22]. - The second China-Central Asia Leaders' Summit was held, emphasizing cooperation in trade, investment, and infrastructure [23][24]. Company Developments - Tesla's Robotaxi service is set to begin trial operations in Austin, Texas, with a limited fleet of 10 to 20 vehicles [31][32].

Macro and Policy Level - In May, China's total retail sales of consumer goods increased by 5.1% year-on-year, reaching 371.74 billion yuan, with retail sales excluding automobiles growing by 5.6% [1] - The industrial added value for large-scale industries in China grew by 6.1% year-on-year in April, with notable growth in the automotive manufacturing sector at 9.2% and new energy vehicle production increasing by 38.9% [2] - The second China-Central Asia Leaders' Summit is scheduled for June 17 in Kazakhstan, focusing on economic cooperation, connectivity, security collaboration, green energy, and cultural exchanges [3] - The U.S. retail sales data for May will be released on June 17, with April's retail sales showing a slight recovery in consumer spending despite high interest rates and inflation [4] - The U.S. Federal Reserve will announce the industrial production data for May on June 17, with expectations of slight growth amid concerns over high interest rates affecting business investment [5] Industry Level - Tesla's Robotaxi service is set to begin trial operations on June 22 in Austin, Texas, with a limited fleet of 10 to 20 vehicles using the new "unsupervised" Full Self-Driving technology [7] - Applied Digital (APLD) has signed a $7 billion data center leasing agreement with CoreWeave, which is expected to significantly enhance APLD's cash flow [9] - Boeing is facing scrutiny following a recent crash of a 787 aircraft, with a safety review hearing scheduled to assess structural fatigue issues [9] - Amazon is investing $20 billion to build two data centers in Pennsylvania, part of its global AI computing expansion, expected to create 1,250 high-skilled jobs [9] - Guosen Securities is acquiring 96.08% of Wanhua Securities for 5.192 billion yuan, which will enhance its cross-border asset management capabilities [10]

Core Viewpoint - The article provides an update on the motorcycle industry data for January 2025, highlighting significant sales growth in certain segments and the overall market trends [1][3]. January Data Observation - The sales of two-wheeled fuel motorcycles with a displacement of 250cc reached 59,000 units in January, representing a year-on-year increase of 52.9% but a month-on-month decrease of 12.9% [1]. - Breakdown of sales by displacement: - For 250ml < displacement ≤ 400ml: 35,000 units sold, up 89.7% year-on-year, down 9.6% month-on-month [1]. - For 400ml < displacement ≤ 500ml: 10,000 units sold, down 18.1% year-on-year, down 51.1% month-on-month [1]. - For 500ml < displacement ≤ 800ml: 12,000 units sold, up 47.9% year-on-year, up 57.9% month-on-month, driven by new multi-cylinder high-end models [1]. Recent Industry Insights - Recommended core investment portfolio includes BYD, Geely Automobile, XPeng Motors, Xiaomi Group, Bertley, Top Group, New Spring Co., and Huguang Co. [3]. - Tesla's Autopilot city navigation feature has been rolled out in China, marking a significant step in the localization of fully autonomous driving technology [3][4]. - The demand for passenger vehicles has shown strong recovery, with notable sales figures for various companies in February, including BYD's record high exports [5]. Investment Recommendations - For passenger vehicles, the focus is on high-quality domestic brands that are accelerating in smart technology and globalization, recommending BYD, Geely, XPeng, SAIC Group, and Seres [6]. - In the motorcycle sector, the recommendation is to focus on leading companies in the mid-to-large displacement category, particularly Chuanfeng Power [6].