<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/a47eefe0-44ff-4d15-b517-c327503d6e16.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/a47eefe0-44ff-4d15-b517-c327503d6e16.png"/>
A summary of major financial events from June 9 to June 15, all in Beijing time:
Key focus for next week: The first meeting of the China-U.S. economic and trade consultation mechanism will be held, the U.S. Court of Appeals will hear opinions and make a ruling on the International Trade Court's decision that Trump's tariffs are illegal, China's May financial, inflation, and import-export data, U.S. May CPI, Apple's Worldwide Developers Conference, and the 51st G7 Summit.
In addition, U.S. Treasury Secretary Janet Yellen will testify before the House committee, the Federal Reserve will release the &#34;U.S. Quarterly Financial Accounts Report,&#34; and Tesla's Robotaxi service may go live.
<h2>First Meeting of the China-U.S. Economic and Trade Consultation Mechanism</h2>
According to the Ministry of Foreign Affairs, a spokesperson announced: At the invitation of the British government, He Lifeng, a member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, will visit the UK from June 8 to 13. During this period, the first meeting of the China-U.S. economic and trade consultation mechanism will be held with the U.S. side.
According to a statement made by the spokesperson of the Ministry of Commerce on May 12 regarding the joint statement from the China-U.S. Geneva economic and trade talks, both sides agreed to establish a China-U.S. economic and trade consultation mechanism to maintain close communication on respective concerns in the economic and trade fields and to conduct further consultations. The Chinese representative is Vice Premier He Lifeng, while the U.S. representatives are Treasury Secretary Janet Yellen and Trade Representative Katherine Tai. Both sides will regularly or irregularly take turns conducting consultations in China, the U.S., or a mutually agreed third country. As needed, both sides may conduct working-level consultations on relevant economic and trade issues.
<h2>Will U.S. Courts Halt Trump's Tariffs?</h2>
According to Xinhua News Agency, the U.S. Court of Appeals for the Federal Circuit (CAFC) approved the Trump administration's request on the 29th to temporarily suspend the previous ruling of the U.S. International Trade Court (CIT) that prohibited the enforcement of the Trump administration's tariffs imposed on multiple countries under the International Emergency Economic Powers Act.
The CAFC will hear opinions from both sides before June 9 and will rule in the coming days on whether to permanently overturn the CIT's decision to block Trump's reciprocal tariffs.
Analysis indicates that regardless of the ruling outcome, the case may still be submitted to the Supreme Court, delaying the final decision.
Earlier, the Trump administration indicated to the appellate court that if the ruling prohibiting the enforcement of tariffs could not be quickly suspended, the government would seek emergency assistance from the Supreme Court as early as the 30th.
<h2>China's May Financial, Inflation, and Import-Export Data</h2>
On Monday (June 9), China will release the CPI and PPI data for May.
The data released last month showed that the year-on-year CPI in April continued to decline, but due to the rebound in food and travel service prices, it turned from a decrease to an increase month-on-month; the year-on-year decline in PPI expanded to 2.7%, mainly influenced by international input factors and the decline in domestic energy prices.
Looking ahead, China Galaxy Macro stated that the CPI may remain moderate, with a year-on-year growth rate expected to be around 0.1% in May; the year-on-year decline in PPI may continue to expand, but the effects of existing policies are expected to provide support, with a year-on-year growth rate projected at around -2.8%.
China International Capital Corporation (CICC) analysis stated that the China-U.S. tariff negotiations have significantly reduced the downside risks for exports, but the issue of insufficient demand remains prominent. Fiscal expansion to support domestic demand is still key to boosting prices; the April PMI for purchasing and factory prices declined, which has not yet been reflected in the month-on-month PPI, indicating that the month-on-month decline in PPI may expand.
On the same day, China will release May import and export data.
The data released last month showed that the growth rate of imports and exports in April accelerated by 4.3 percentage points compared to the first quarter, with an increase in export growth and a shift from decline to increase in imports, demonstrating strong resilience.
Minsheng Securities pointed out that in April, the &#34;transshipment&#34; and other hedging forces constituted a temporary &#34;tailwind&#34; for China's exports, with some goods under the exemption list temporarily unaffected. However, the &#34;headwind&#34; for exports under tariff impacts has just begun to emerge, and with the persistence of tariff risks, signs of weakening exports may become more apparent in the future.
Next week, China's May financial data will be released at irregular intervals.
Data from last month showed that the social financing increment in April was 1.16 trillion yuan, with new RMB loans of 280 billion yuan, and the M2-M1 scissors gap expanded.
According to China Securities Journal, industry experts stated that the growth of financial aggregate data in April was both &#34;stable&#34; and &#34;real,&#34; reflecting a moderately loose monetary policy orientation.
Experts indicated that the package of financial policy measures jointly launched by the People's Bank of China, the National Financial Regulatory Administration, and the China Securities Regulatory Commission in May has effectively boosted market confidence and played a positive role in the recovery of effective demand in the real economy, with future financial aggregates expected to continue to maintain reasonable growth.
At the same time, current uncertainties in foreign trade still exist, local debt replacement work continues to advance, and since May is traditionally a &#34;small month&#34; for credit, the industry expects effective credit demand to still be affected
The China Minsheng Macro Team believes that the implementation of existing fiscal policies is accelerating significantly, with continued increases in fiscal expenditure. Financial data is showing a trend of &#34;fiscalization.&#34; Additionally, the recovery of the stock market has led to a significant increase in non-bank deposits, driving up the growth rate of M2.
<h2>Concerns about Stagflation Resurface, Awaiting U.S. May CPI</h2>
Next Wednesday, the U.S. will release the May CPI data.
Economists generally believe that May prices will begin to reflect the impact of tariffs, with the May CPI expected to rise from 2.3% last month to 2.5% year-on-year, and the core CPI expected to rise from 2.8% last month to 2.9% year-on-year.
In the recently released May ISM Services PMI, U.S. business activity and new orders both plummeted, while the prices paid index soared to a 30-month high, reigniting Wall Street's concerns about the U.S. economy falling into stagflation.
According to media reports, due to a hiring freeze implemented by Trump, the U.S. Bureau of Labor Statistics has reduced the sample size used for calculating CPI data. The agency recently stated that this could increase the volatility of local or specific project indices.
<h2>Apple Worldwide Developers Conference Kicks Off with Epic Visual Innovations!</h2>
On Tuesday (June 10), Apple will hold the Worldwide Developers Conference (WWDC25), running until the 14th.
<img src="https://imageproxy.pbkrs.com/https://lh7-rt.googleusercontent.com/docsz/AD_4nXcCP7z-idIqAfjv7v5Vdjf6rPPk7QWouxZtZUMvK7KHmccojRiwYw7Tjd6WCCIA9zNRTB9z4xfKjkvcn61IEJhBiOd7nl_c6nKlP9mSwLy2j-MKSmZ1xsNaZLM459_vuvbAgKp6/query-a2V5PUo4LS1BcWlfLWRFakVNZjJDVy1RTVE?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://lh7-rt.googleusercontent.com/docsz/AD_4nXcCP7z-idIqAfjv7v5Vdjf6rPPk7QWouxZtZUMvK7KHmccojRiwYw7Tjd6WCCIA9zNRTB9z4xfKjkvcn61IEJhBiOd7nl_c6nKlP9mSwLy2j-MKSmZ1xsNaZLM459_vuvbAgKp6/query-a2V5PUo4LS1BcWlfLWRFakVNZjJDVy1RTVE"/>
The theme of this conference is &#34;Sleek peek,&#34; and media speculate that this may hint at an unprecedented visual design transformation for Apple's operating systems, which will be released alongside iOS 19, iPadOS 19, and macOS 16.
It is reported that this design update will be the largest for Mac since macOS Big Sur and the largest for iOS since iOS 7, aimed at simplifying the way users interact with Apple devices and making its software more unified.
The new design is expected to draw inspiration from the Vision Pro's visionOS system, incorporating design elements such as semi-transparent frosted glass effects.
Additionally, according to media reports, Apple will also standardize the naming convention for its operating systems based on the year, with future version numbers unified to &#34;26.&#34;
During the conference, Apple will provide over 100 technical lectures, online labs, and one-on-one consultations for free through the Apple Developer app, Apple's official website, and other channels, helping developers gain a deeper understanding of the new system's features and functionalities
<h2>The 51st G7 Summit</h2>
The 51st Group of Seven (G7) Summit will be held from June 15 to 17, 2025, in Canmore, Alberta, Canada. Leaders from the United States, France, Germany, Japan, the United Kingdom, Italy, Canada, and the European Union will attend.
Canadian Foreign Minister Mélanie Joly previously stated that as the rotating chair of the G7, Canada plans to focus on maritime security, combating sanctions evasion, addressing the &#34;shadow fleet,&#34; and protecting underwater infrastructure.
Earlier, finance leaders from G7 countries, along with heads of the World Bank and the International Monetary Fund, held a three-day meeting in Banff, Alberta, discussing global trade, artificial intelligence, and the war in Ukraine.
<h2>Other Important Data, Meetings, and Events</h2>
<ul>
<li>On Wednesday (June 11), U.S. Treasury Secretary Scott Bessent testified before a House committee.</li>
</ul>
On June 4, House Ways and Means Committee Chairman Jason Smith announced that the committee would hold a hearing with Treasury Secretary Scott Bessent to discuss the Treasury's priorities.
<ul>
<li>On Friday (June 13), the Federal Reserve will release the &#34;U.S. Quarterly Financial Accounts Report.&#34;</li>
</ul>
Powell recently stated that there is a need to better understand how foreign policies impact the U.S. economy and financial markets, particularly the potential shocks to American households and businesses from significant fluctuations in the dollar. The latest report from the Federal Reserve indicates that U.S. economic activity has slowed in the past six weeks, hiring has decelerated, and consumers and businesses are concerned about price increases caused by tariffs.
<ul>
<li>Tesla's Robotaxi service may launch on Thursday (June 12) in Austin.</li>
</ul>
According to Bloomberg citing informed sources, Tesla plans to launch its highly anticipated robotaxi service in Austin, Texas, on June 12. Although this internal news has not been officially confirmed, it aligns with Musk's previous commitment to &#34;launch the service by the end of June.&#34;
Musk stated this month that Tesla will initially deploy about 10 self-driving robotaxis in Austin, with plans to rapidly expand to 1,000 vehicles in the following months.
<ul>
<li>On Wednesday (June 11), Huawei will hold a launch event for the Pura 80 series and all-scenario new products.</li>
</ul>
According to Huawei's terminal news, the launch event for the Huawei Pura 80 series and all-scenario new products will take place at 14:30 on June 11, officially unveiling the new Huawei Pura 80 series devices.
Huawei's terminal official WeChat account revealed that the Pura 80 series will be equipped with HarmonyOS 5.
On March 20 of this year, at the Huawei Pura Pioneer Festival and HarmonyOS Smart Mobility product launch, Huawei Executive Director and Terminal BG Chairman Richard Yu stated that compared to previous versions, the experience of HarmonyOS 5 has significantly improved, achieving comprehensive upgrades in the Harmony kernel, Ark Engine, and end-cloud collaboration, with overall performance enhanced by 40%
Weekly Major Events Subscription：
Domestic Events：
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/7aab9b8f-85d3-4241-b605-e4f0d155f6df.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/7aab9b8f-85d3-4241-b605-e4f0d155f6df.png"/> Overseas Events：<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/8e4e891c-cf14-4b79-8146-2ab2b2fe272a.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/8e4e891c-cf14-4b79-8146-2ab2b2fe272a.png"/>

TSLA

Key focus for next week: China's May financial, inflation, and import-export data, the U.S. May CPI, Apple's Worldwide Developers Conference, and the 51st G7 Summit. In addition, U.S. Treasury Secretary Janet Yellen will testify before the House committee, the Federal Reserve will release the "U.S. Quarterly Financial Accounts Report," and Tesla's Robotaxi service may go live

- From June 9 to June 15, key financial events include the first U.S.-China trade consultation meeting and the U.S. Court of Appeals hearing on Trump's tariffs.  
- China will release May financial, inflation, and trade data, while the U.S. will announce its May CPI, with expectations of rising inflation.  
- The 51st G7 Summit will take place in Canada, focusing on maritime security and global economic issues, alongside significant corporate events like Apple's Worldwide Developers Conference.

Next week's heavy schedule: First meeting of the China-U.S. economic and trade consultation mechanism, can the U.S. court stop Trump's tariffs?