In the first quarter, profits of China's industrial enterprises above the designated size increased by 15.5% year-on-year. The second batch of equipment renewal projects for 2026, totaling 915 billion yuan and focused on new infrastructure and new urbanization initiatives, along with their corresponding funding arrangements, has been officially allocated. In April, China's Manufacturing Purchasing Managers' Index (PMI) stood at 50.3%, remaining in expansion territory. These figures represent the most noteworthy data points from this past week.