Core Viewpoint - The article emphasizes the importance of ASEAN in China's neighborhood diplomacy and explores the potential of the Chinese character "聚" (gather) as a discourse model to promote the concept of a "China-ASEAN community with a shared future" through the analysis of promotional films from the China-ASEAN Expo [2][3][4]. Group 1: Importance of ASEAN in China's Diplomacy - ASEAN is prioritized in China's neighborhood diplomacy, reflecting a commitment to amity, sincerity, mutual benefit, and inclusiveness [4]. - The "China-ASEAN community with a shared future" is a significant experiment in China's broader neighborhood community strategy [4]. Group 2: Analysis of Promotional Films - The study analyzes the official promotional films from the 17th to 19th China-ASEAN Expos, focusing on their content structure and ideological characteristics [2][3]. - The films highlight the historical significance, economic achievements, and future prospects of the China-ASEAN Expo, showcasing its role as a practical platform for regional economic integration [4][10]. Group 3: Discourse Analysis and the Character "聚" - The character "聚" is linked to the concept of gathering and collective action, serving as a potential discourse model for expressing the "China-ASEAN community" idea [6][9]. - The character's etymology and usage in various contexts reflect its significance in promoting cooperation and shared goals among nations [7][8]. Group 4: Findings from the Promotional Films - The promotional films are structured into segments that illustrate the unique aspects of the Expo, including its historical context, economic data, and the gathering of political and business elites [12][15]. - Key statistics presented include a cumulative investment of over $310 billion and bilateral trade reaching $878.2 billion by 2021, underscoring the Expo's economic impact [12]. Group 5: Future Prospects and Vision - The films convey a vision for the future, emphasizing ongoing cooperation and the establishment of a closer "China-ASEAN community" through initiatives like the China-ASEAN Free Trade Area 3.0 [15][33]. - The closing messages of the films express aspirations for continued collaboration and prosperity, inviting participation in future endeavors [16][34].

经济观察网全国发展和改革工作会议强调，进一步全面深化改革。研究制定全国统一大市场建设条例， 协同推进"准入、场景、要素"一体化改革。持续抓好招商引资、招标投标等方面重点问题整治，坚决破 除各类壁垒障碍。更大力度发展民营经济，大力推动民营经济促进法配套制度建设。 ...

Core Points - The company received an administrative penalty notice from the Hubei Regulatory Bureau of the China Securities Regulatory Commission on December 12, 2025, indicating that the financial indicators disclosed in its annual report contained false records [1] - The financial indicators in question include operating income, total profit, net profit, and items in the balance sheet such as assets or liabilities [1] - As a result of these findings, the company's stock will be subject to other risk warnings, and it will be designated as ST Renfu starting December 15, with a one-day trading suspension [1]

经济观察网据人民财讯消息，12月12日，龙磁科技（300835）全资子公司安徽金寨将军磁业有限公司高 性能永磁铁氧体多极转子生产线窑炉正式点火投产。 ...

经济观察网 12月12日，全球支付平台 PingPong 举办"品牌出海 CXO 闭门私享会"，发布《东南亚连锁 品牌数字化实地观察》白皮书（下称《白皮书》）同时，面向大型连锁品牌"出海"提供全球综合管理方 案。 PingPong创始人兼CEO陈宇表示，出海已经告别"大水漫灌"阶段。企业全球竞争力正从产品、口味、营 销等表层竞争，下沉至科技赋能与合规基建的深层较量，数字变革正引领中国品牌全球化启动全方 位"系统重构"。 尤其对餐饮零售连锁品牌而言，出海已经从单纯卖货的1.0时代、"单店输出"的2.0时 代，正迈入由数字化中台驱动的 3.0 时代。在这个阶段，数字化基础设施建设成为餐饮零售品牌在全球 范畴规模化扩张的核心竞争力。 据悉，海外区域 POS （终端销售系统）系统统一、全球供应链数据对接、跨国团队协作管理，是国内 餐饮品牌规模化出海的三大数字化建设核心挑战。尤其在POS 系统统一环节，需要对接海外多国的支 付渠道，确保实时汇率转换和跨境资金流通安全合规，这让连锁品牌的数字化建设难度呈现指数级增 长。 《白皮书》显示，东南亚市场在线点餐、电子支付等渗透率偏低，本土品牌仍依赖现金支付。加之当地 区域的本地 ...

近期，唐菲的工作行程安排得很满。 作为国内一家中等规模创投机构的募资业务合伙人，她要在接下来的2周时间里连续前往3个城市，向多 位民营企业家进行募资路演。其间，她还要陪同投资团队前往香港，向高净值人士阐述新发基金的投资 机会。 多位创投机构人士表示，当前创投募资市场处于结构性复苏进程，一方面是银行的金融资产投资有限公 司（AIC）、地方政府引导基金等国资LP（有限合伙人，即基金出资人）持续加码出资力度，另一方面 是市场化LP出资意愿有待提升，如何优化LP结构助力创投行业可持续健康发展，仍是一大挑战。 市场化LP募资依旧艰辛 今年二季度起，唐菲的工作节奏持续加快，每周都有2—3位民营企业家或高净值人士的面对面募资路 演，1—2个投资项目考察，以及没完没了的基金募资路演材料修改。 10月份，她连续三周牺牲周末时间，反复修改新发基金募资材料，只为在11月初说服三位高净值人士出 资，力争为新发基金敲定至少2亿元的募资额。 唐菲之所以这么"拼"，是因为今年创投募资市场回暖，令基金管理团队决定抓住"东风"，务必在年底前 完成两只新发基金的募资。 过去半年，唐菲也感受到民营企业家、高净值人士等市场化LP的出资态度发生了显著 ...

Core Insights - E-commerce and food delivery platforms are accelerating the provision of housing benefits for delivery workers to improve their living conditions and enhance operational efficiency [1][4] - JD.com announced the provision of 28,000 "JD Brother Homes" for frontline employees, covering 145 cities, with a planned investment of 22 billion yuan over the next five years to add 150,000 housing units [1][2] - Meituan plans to invest 10 billion yuan over five years to create a comprehensive rider support system, including affordable housing options [1][2] Housing Initiatives - JD.com's housing fund has increased to 10 billion yuan, with 77% of frontline employees applying for housing support, creating a complete support loop from rental subsidies to home purchase funds [2] - Meituan's "Rider Apartments" offer low monthly rents and all-inclusive utilities, addressing the frequent relocation and poor living conditions faced by riders [2][3] - Community-oriented housing solutions, such as shared kitchens and social activities, are being implemented to enhance the sense of belonging among riders [2][3] Labor Market Dynamics - The traditional public rental housing system has high barriers, leaving many riders without adequate housing support, highlighting a gap between government provisions and corporate needs [3][4] - The initiatives by JD.com and Meituan aim to improve employee loyalty and attract more workers to the delivery industry, potentially alleviating urban housing pressures [3][4] Strategic Implications - The housing initiatives are part of a broader strategy to stabilize core human resources and enhance service quality amid intense competition [4][5] - The shift from aggressive recruitment to stabilizing workforce dynamics reflects a changing cost structure in the industry, with JD.com and Meituan investing significantly in employee benefits [6] - Despite these efforts, the total housing supply remains insufficient for the estimated 3 million riders, and the sustainability of these projects depends on corporate profitability and strategic commitment [6][7] Policy and Collaboration - There is a need for systemic solutions to address labor compensation, working hours, and social security for frontline workers [6][7] - Collaborative efforts between local governments and companies are essential to create a multi-tiered housing system that includes public rental housing and corporate-built accommodations [7]

Group 1 - The article emphasizes the importance of long-term thinking in addressing significant global challenges and the need to integrate long-term elements into social contracts and corporate performance evaluations [2] - It discusses the historical evolution of civilizations, particularly the "Axial Age," which laid the foundation for human development and the emergence of modernity [3][4] - The fusion of Greek and Hebrew civilizations, referred to as "Two希文明," played a crucial role in the Renaissance, the Reformation, and the Enlightenment, leading to the establishment of modern market economies and societal structures [4][5] Group 2 - The article highlights the liberation from "theocracy" during the Renaissance, which shifted societal focus from divine authority to human-centered values, fostering individual freedom and modern humanism [5][6] - It notes that the Reformation initiated by Martin Luther challenged the Catholic Church's authority, leading to the establishment of religious freedom and the principles of state sovereignty [6][7] - The development of modern science and the Industrial Revolution were driven by the interplay between the Renaissance, the Reformation, and the Enlightenment, significantly advancing human progress [7][10] Group 3 - The article outlines the constraints of "monarchy" in Hebrew civilization, where laws governed society, limiting the power of kings and establishing a system of checks and balances [8][9] - It discusses the significance of the Magna Carta in 1215, which marked the beginning of legal limitations on monarchs and the establishment of the principle that no one is above the law [9][10] - Enlightenment thinkers contributed to the evolution of modern democratic values, which laid the groundwork for contemporary governance and societal norms [9][11] Group 4 - The article addresses the resilience of national systems in the face of historical economic challenges, highlighting the importance of adaptability and self-correction in maintaining competitiveness [15][26] - It contrasts the experiences of the United States, Japan, and Argentina, illustrating how systemic resilience has influenced their economic trajectories [18][24] - The concept of "systemic resilience" is proposed as a critical factor for understanding national competitiveness in a rapidly changing global landscape [26][27] Group 5 - The article emphasizes China's long-term policy approach since the reform and opening-up in 1978, which has significantly contributed to its economic achievements [27][28] - It suggests that China can leverage long-term thinking to address global challenges and contribute to sustainable development in the future [28]

尤其是随着直播电商和二手电商等新消费场景的盛行，售后纠纷已不再局限于简单的退货问题，而是逐渐演变为涉及用户认知、主观判断、商品标准与平台 规则等多重因素博弈的复杂问题。直播带货在一定程度上依赖情绪刺激和即时决策来激发消费者的购买动力。由于消费者常在短时间内下单，"冲动消费"导 致悔单率较高、退货请求增多。在此情况下，商家常以"用户看直播时应自行判断"为由拒绝退货，而消费者则以"误导性宣传"为由维权，双方陷入拉锯战。 再以二手电商为例，由于买卖双方多为个人用户，缺乏专业化的售后服务体系。二手商品本身往往是非标品，其使用痕迹、成色程度、功能状况等难以精准 量化。即便发布时附带图文描述，实际到手后的"体验差异"也极易引发纠纷。 这类问题并非国内仅有，退货率奇高是全球平台都面临的难题。以美国为例，平台也面临着在商户和消费者之间平衡共赢的问题，根据美国零售联合会的调 查，76%的美国消费者将免费退货政策视为购物时的一个关键因素，这表明消费者在选择购物地点时非常看重这一政策。然而，零售商们也面临着零售欺诈 的严重问题，美国零售联合会的研究显示，退货欺诈已经成为零售商的主要关注点，给业务带来了重大损失。面对恶意退款等问题， ...

Core Viewpoint - The article discusses the fraudulent operations of Yuzhi Financial Co., which has been running a pyramid scheme disguised as a virtual currency trading platform, promising high returns to attract investors and requiring them to recruit others for additional rewards [1][19]. Group 1: Company Operations - Yuzhi Financial claims to have a membership of 3 million, suggesting a potential fund size exceeding 20 billion yuan based on a minimum investment threshold of 7,400 yuan [1]. - The company operates multiple apps, including HSEX, which has been flagged for illegal financial activities and lacks regulatory approval [2][10]. - Investors are required to pay a "self-certification deposit" of 20% of their total account balance to withdraw earnings, with withdrawal fees increasing from 10% to 30% [1][10]. Group 2: Investor Experiences - Investors, like Wang Qin, initially saw returns but later realized they were part of a scam when they could not withdraw their funds after a promotional event [5][12]. - The scheme involves a "static" and "dynamic" return model, where static returns are based on following trading signals, and dynamic returns are earned through recruiting new investors [7][8]. - Many investors are left searching for new projects to recover their losses, indicating a cycle of continuous recruitment and investment [3][4]. Group 3: Regulatory Response - The Guangdong provincial government issued warnings about Yuzhi Financial's illegal activities, confirming that it operates without the necessary licenses [2]. - The Hong Kong Stock Exchange has listed Yuzhi Financial and its associated apps as suspicious, indicating a lack of legitimate operations [12][13]. - Legal experts emphasize the need for stricter regulations and awareness among investors to combat such fraudulent schemes [28].