Briefing: Wednesday, June 1st, the third day of the fifth lunar month – Happy Children’s Day!

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1. The manufacturing PMI in May was 49.6%, up 2.2 percentage points from the previous month, with recovery observed to varying degrees on both the supply and demand sides. 2. Shanghai will fully restore normal production and daily life order starting from June 1 ； All unnecessary movement has been halted in Fengtai, Beijing, with remote work required throughout the area for 5 days. 3. The “Guangdong Electronic Residence Permit” will be fully implemented starting from June 1, enabling digital management of the entire process from application to issuance and use. 4. The fuel surcharge on domestic flights has risen for the fifth time this year; as of June 5, it will be up to 140 yuan per one-way flight. 5. Two departments: The purchase tax on passenger vehicles with a unit price of no more than 300,000 yuan and a displacement of 2 liters or less will be reduced by half this year, alongside the launch of a new round of initiatives to promote new energy vehicles in rural areas. 6. The new national standards for baijiu are now in effect: every bottle of baijiu consumed from now on will be a \"grain-based liquor\" brewed using grains as the main raw material. 7. In 2022, 11.93 million people registered for the national college entrance examination, setting a new record high. 8. The Chinese Center for Disease Control and Prevention released the results of tobacco prevalence monitoring: the usage rate of e-cigarettes among middle school students is higher than that among college students. 9. Serbian President Vučić took office, beginning his second five-year term. 10. WHO: There is no need to worry at present that monkeypox will trigger a global pandemic. 11. Russia is cutting off ties with the Netherlands; it also plans to pay for its European bonds in rubles, leading to a decline in the exchange rates of the dollar and euro against the ruble. 12. EU reaches a “compromised” version of oil embargo against Russia; international oil prices reach new highs in over two months ； Since the escalation of the Russia-Ukraine conflict, India has purchased 34 million barrels of Russian oil at low prices.