此外，在城市的夜生活地标，如繁华商业街、热闹夜市等，百威中国也积极布局，通过开设品牌体验 店、举办快闪活动等方式，加深与消费者的互动，让啤酒成为城市夜生活中不可或缺的一部分。 从IP引进到生态共建，政企协同破解"水土不服"难题 将一个全球顶级IP引入中国，并非易事。Tomorrowland上海站的落地，就经历了近两年的筹备。上海市 外办、商务委、文旅局等组建专项对接小组，一边解读政策、明确审批流程，一边联动比利时驻上海总 领事馆，将项目提升至"中比文化交流"的高度，充分体现了政府与企业协同合作的重要性。 傍晚六点，上海黄浦滨江的灯光渐次亮起，Tomorrowland"室内幻境"电音节的检票口前，年轻人们手持 印有百威Logo的荧光棒，有序排队入场。这场亚洲首个官方室内版本的国际顶级电音盛宴，不仅吸引 了全球200多个国家的电音爱好者聚焦上海，更成为百威集团深度参与中国夜经济的标志性场景。 作为啤酒行业的全球领军者，百威集团正以"旗舰品牌+超级平台"(Megabrands&Mega Platforms)的双轮 驱动模式，重新定义中国夜间消费生态。 夜经济里的"啤酒逻辑"：消费引擎与社交纽带 夜经济已成为城市经济 ...

暴跌的直接导火索是海外做空势力集中发难。 港交所数据显示，12月8日泡泡玛特沽空金额达10.92亿港元，较前一交易日激增210.58%，沽空比率攀 升至19.23%，创2023年8月以来新高。卖空仓位占流通股比例突破6%，显示做空资金对海外业务增长可 持续性的强烈质疑。 核心IP"Labubu"的稀缺性消失是导致股价下跌的重要原因。德意志银行的最新调研显示，为应对上半年 供不应求，公司把Labubu(拉布布)的月产量从1,000万只提高到5,000万只，结果市场溢价快速缩水。 隐藏款价格较峰值腰斩，常规款3.0、4.0已跌破官方零售价；新品"The Monsters1a.m."系列发售即破 发。大规模量产被视为"潮流疲劳"的前兆，引发市场对增长持续性的担忧。 自2025年8月股价触及339.8港元历史高点后，泡泡玛特(09992.HK)陷入持续下跌通道。截至12月9日收 盘，公司股价累计跌幅达44%，市值蒸发超2000亿港元(约合人民币1800亿元)。 作为中国潮流玩具行业的领军企业，泡泡玛特的股价在短时间内大幅下跌，从高点回落约40%。股价暴 跌直接源于海外做空势力集中发难，市场质疑其海外业务增长可持续性及 ...

Core Insights - The release of the short drama "Home and Away 2" has garnered significant attention, achieving over 1 billion views in just three days, indicating a strong potential for the short drama industry to embrace quality content [10] - The series expands the definition of "home" beyond the nuclear family to include extended family and community, reflecting a unique cultural perspective on familial relationships in China [3][4] - The production emphasizes emotional depth and character development, showcasing a diverse cast that enhances the narrative complexity, which is a departure from traditional short drama formats [5][6] Group 1: Industry Impact - "Home and Away 2" has set a new benchmark for short dramas, demonstrating that they can convey intricate character relationships and emotional narratives, moving away from the previous focus on quick thrills and conflicts [10][11] - The series has been described as a "letter to life," highlighting the importance of warmth and emotional connection in storytelling, which resonates with audiences seeking relatable content [11] - The success of the series suggests a shift in audience preferences towards more meaningful and emotionally rich narratives in the short drama genre, indicating a potential evolution in content creation strategies [11] Group 2: Production Quality - The production team adopted a meticulous approach to detail, recreating realistic settings that enhance the authenticity of the narrative, which has been praised by both cast and viewers [2][3] - The series features a significant increase in character count and complexity, with over ten new characters introduced, each contributing to the overarching themes of family and community [5][6] - The theme song "Time" by Zhou Shen plays a crucial role in amplifying the emotional resonance of the series, effectively connecting viewers to the narrative's core themes of love and family [7][8]

发言人陈斌华表示，一个中国原则是国际关系基本准则和国际社会普遍共识。无论民进党当局如何处心 积虑，都改变不了台湾是中国一部分的事实，撼动不了国际社会坚持一个中国原则的基本格局。 经济观察网 据央视新闻客户端消息，12月10日，国务院台办举行例行新闻发布会。有记者问： 韩国电 子入境卡将台湾列为中国台湾，台当局外事部门所谓驻韩国代表处已提出严正关切并交涉，但至今未获 韩方正面回应，对此发言人有何评论？ ...

Core Viewpoint - The Chinese government firmly opposes any form of official exchanges between the United States and Taiwan, emphasizing the need for the U.S. to adhere to the One China principle and the three joint communiqués between China and the U.S. [1] Group 1 - The spokesperson, Chen Binhua, responded to a question regarding U.S.-Taiwan cooperation on energy resilience, indicating strong opposition to such initiatives [1] - The Chinese government criticizes the notion of a "mainland threat" and warns against using it as a pretext for interference in Taiwan-related issues [1] - The statement underscores the importance of careful handling of Taiwan-related matters by the U.S. [1]

Core Viewpoint - The Ministry of Finance of the People's Republic of China successfully issued the sixth phase of 70 billion RMB government bonds for 2025 in Hong Kong, attracting significant investor interest with a subscription multiple of 5.22 times [1] Group 1: Bond Issuance Details - The issuance included three types of bonds: 20 billion RMB for 2-year bonds with an interest rate of 1.43% [1] - 30 billion RMB was allocated for 3-year bonds with an interest rate of 1.45% [1] - 20 billion RMB was designated for 5-year bonds with an interest rate of 1.65% [1]

Core Viewpoint - Silver prices surged past $60 per ounce on December 9, reaching a historic high, driven by multiple factors including rising expectations of Federal Reserve interest rate cuts, increasing global supply constraints, and its inclusion in the U.S. "critical minerals" list [1] Group 1: Price Performance - As of the report, spot silver was priced at $61.21 per ounce, reflecting a 0.94% increase [1] - Year-to-date, silver has seen an impressive increase of nearly 110%, significantly outperforming gold and platinum [1] Group 2: Comparative Analysis - Gold has also experienced a rise of 60% this year, surpassing the $4200 mark, but its growth rate is still less than that of silver [1] - The gold-silver ratio has dropped below 70 for the first time since July 2021, indicating a shift in market dynamics [1]

发言人陈斌华表示，台湾同胞是我们的家人、亲人。多年来，公安机关始终依法依规为符合条件的台胞 办理大陆相关身份证件，以保护其合法权利。民进党当局不断为两岸交流和人员往来设置障碍，阻挠干 扰台胞申领大陆相关身份证件，不得人心，不会得逞。 经济观察网 据央视新闻客户端消息，12月10日，国务院台办举行例行新闻发布会。有记者就民进党当 局发表涉台胞申领大陆证件谬论提问。 ...

Core Insights - The "2025 Xianyu Card Annual Report" indicates a 21% year-on-year growth in card trading volume for the first three quarters of the year, reflecting a stable growth trend in the industry [1] - Trading volume for high-end cards, such as collectible cards and star cards, surged over 84%, indicating a shift towards premium card consumption [1] - Notable performance from domestic IP cards and three-dimensional cards from film and television, with the Nezha card selling over 100 million yuan and a 130% increase in order volume for film and television cards [1] Industry Trends - The report highlights that Pokémon reclaimed the top position in card IP trading volume, while popular anime IPs like My Little Pony, Yeluo Li, and Ultraman continue to dominate the trading landscape [1] - Domestic game IPs such as Identity V and Love and Deep Space have entered the trading volume rankings on Xianyu, with a 63% increase in trading scale for game IP cards [1] Consumer Demographics - Over 75% of card consumers on the Xianyu platform are female, indicating a significant demographic trend [1] - Despite the majority being female, male consumers exhibit stronger purchasing power, with annual per capita spending on cards being 3.8 times that of female consumers [1]

Core Insights - The report indicates that measures taken by various countries to reduce dependency on Chinese supply chains have not led to the anticipated "decoupling," but rather have prompted Chinese companies to initiate a new round of deeper global expansion [1][2]. Group 1: Industry Transformation - The report analyzes four key industries: electric vehicles, solar energy, apparel, and medical equipment, highlighting how geopolitical tensions, AI technology applications, and mandatory ESG regulations are fundamentally altering global manufacturing and procurement patterns [2]. - Chinese companies are transitioning from being the "world's factory" to "global production organizers," actively establishing manufacturing bases, R&D centers, and logistics hubs in regions such as Southeast Asia, South Asia, the Middle East, North Africa, Europe, and the Americas [3]. Group 2: Sector-Specific Developments - In the electric vehicle sector, Chinese manufacturers are investing in factories in Europe and ASEAN while securing upstream mineral resources through projects in Indonesia and Africa [3]. - In the solar industry, leading companies are relocating the entire vertical supply chain from polysilicon to components to Southeast Asia and North Africa to mitigate trade risks [3]. - In apparel and medical equipment, Chinese firms are building overseas industrial parks, creating proprietary brands, and establishing R&D laboratories to ascend the value chain and compete directly with international giants [3]. Group 3: Technological Innovations - The report emphasizes that the reshaping of supply chains is driven not only by AI and automation but also by rapid iterations of materials and core components [4]. - Innovations in battery chemistry and rare-earth-free motor designs in the electric vehicle sector aim to reduce reliance on countries that monopolize key minerals, while new battery technologies and efficient manufacturing processes in solar energy could reshape critical nodes in the value chain [4]. Group 4: ESG Regulations Impact - ESG requirements have shifted from optional to mandatory, influencing market entry and profitability, with the EU leading this trend through regulations like the Digital Product Passport and Carbon Border Adjustment Mechanism [5]. - The traditional cost-driven site selection logic is becoming obsolete, as companies must now prioritize regions that can provide verifiable low carbon footprints and robust ESG infrastructure [5]. - The report suggests that compliance with ESG standards is increasingly becoming a "passport" for entering high-end markets, fundamentally altering global industry regional layouts [5]. Group 5: Nearshoring Trends - Nearshoring has shown significant progress in certain sectors, such as medical device manufacturing in Central America and the automotive industry in Mexico, driven by geographical proximity, mature infrastructure, and favorable trade agreements [6]. - However, structural limitations exist, particularly in the apparel sector, where replicating Asia's decades-long accumulated textile ecosystem and supply network is challenging [6]. - The report highlights that successful nearshoring requires solid industrial infrastructure, a stable policy environment, and high logistical efficiency, while uncertainties in tariff policies have led many investors to adopt a wait-and-see approach [6].