Core Viewpoint - The opening of Quanjude's new Bayli store represents a significant step in the company's strategy of "innovation while maintaining tradition," enhancing its dining experience by integrating modern dining with Beijing cultural elements [1][2]. Group 1: Store Opening and Design - Quanjude's Bayli store, set to open on December 26, 2025, features a total area of 665 square meters with 132 dining seats and three private scenic rooms, offering a panoramic view of the resort area [1]. - The design concept of the Bayli store aims to transform dining spaces into immersive cultural experiences, moving beyond traditional dining to include local culture and aesthetic experiences [2]. Group 2: Thematic Renovations - Quanjude has undertaken thematic renovations in three major stores in Beijing, including a three-story "Sky Courtyard" at the Peace Gate store and a 3D immersive restaurant at the Qianmen Origin store, enhancing the cultural dining experience [2]. - The new store in Haikou, opened in May, combines classic Beijing flavors with local Hainan characteristics, reflecting the company's strategy to expand its market presence [2]. Group 3: Product Innovation - The Bayli store continues to offer classic dishes like Peking Duck while introducing innovative and fusion dishes, catering to both traditional and modern tastes [3]. - New menu items include popular dishes such as "Beijing Onion Braised Sea Kelp" and "Truffle Cream Baked Shrimp Balls," appealing to younger consumers seeking fresh experiences [3]. Group 4: Marketing Strategies - To celebrate the opening, the Bayli store offers various promotional activities, including free snacks for social media posts and cash rebates for store credits, aligning with the company's all-encompassing marketing strategy [4]. - The store's marketing efforts leverage platforms like Dazhong Dianping, Douyin, and Xiaohongshu, reflecting a shift towards a more contemporary brand image [4]. Group 5: Consumer Trends and Market Position - The service retail sector has seen a 5.4% year-on-year growth from January to November, indicating a shift in consumer spending towards service experiences [5]. - Quanjude's dual strategy of "dining + food products" showcases its adaptability and innovation in response to changing consumer preferences, positioning the brand as a modern lifestyle service provider [5].

经济观察网英特尔美股盘前跌幅扩大至5%，据悉英伟达暂停测试英特尔18A制程工艺。 ...

Core Viewpoint - The People's Bank of China (PBOC) emphasizes the need for a moderately loose monetary policy to address the challenges posed by the changing external environment and to promote stable economic growth and reasonable price recovery [1] Economic Analysis - The global economic growth momentum is insufficient, with increasing trade barriers and divergent economic performances among major economies [1] - Domestic economic operation is generally stable and progressing, with new achievements in high-quality development, but there are still prominent issues such as strong supply and weak demand [1] Policy Recommendations - The PBOC suggests enhancing counter-cyclical and cross-cyclical adjustments to better utilize both the total and structural functions of monetary policy tools [1] - There is a call for improved coordination between monetary and fiscal policies to support economic stability and price recovery [1]

经济观察网 据央视新闻客户端消息，记者从自然资源部了解到，据中国地震台网正式测定，今天（24 日），台湾周边海域发生地震。自然资源部海啸预警中心根据初步地震参数判断，本次地震不会引发海 啸。 ...

经济观察网 据中国地震台网正式测定，2025年12月24日17时47分（北京时间），中国台湾省周边海域 发生5.5级地震，震源深度为9千米。自然资源部海啸预警中心根据初步地震参数判断，本次地震不会引 发海啸。 ...

Core Viewpoint - The article highlights the journey and achievements of Wang Yuzhong, a welding expert in China's nuclear power industry, emphasizing the importance of skilled labor and innovation in welding technology, particularly in the context of international nuclear projects like the ITER program [2][5][10]. Group 1: Career Development - Wang Yuzhong began his career in welding 28 years ago and has progressed from a regular welder to a leading figure in automatic TIG welding within the nuclear power sector [2][3]. - He joined Dongfang Heavy Machinery Company in 2010 and quickly adapted to automatic welding, mastering the necessary skills and obtaining nuclear qualifications within two years [4][6]. Group 2: Involvement in International Projects - Wang played a significant role in the ITER project, which is a major international nuclear fusion collaboration involving multiple countries, including China [5][6]. - The project aims to explore the feasibility of fusion energy, which is seen as a clean and sustainable energy source [5][6]. Group 3: Technical Challenges and Innovations - The welding processes for the ITER project involved high precision and quality control due to the extreme conditions of nuclear equipment, requiring rigorous monitoring at every stage [6][7]. - Wang's team faced significant challenges in welding complex components, such as the blanket shielding module and magnetic support structures, which required innovative solutions to ensure structural integrity [7][8]. Group 4: Craftsmanship and Knowledge Transfer - The article emphasizes the importance of craftsmanship in welding, highlighting the physical demands and risks associated with the profession [9][10]. - Wang is committed to passing on his knowledge to younger technicians through structured training programs, focusing on both traditional skills and modern innovations in welding technology [11][10].

经济观察网慕思股份（001323）(001323.SZ)公告称，公司控股股东东莞市慕腾投资有限公司及实际控 制人王炳坤、林集永自愿承诺，自所持首次公开发行前已发行股份上市流通之日起12个月内，不以任何 形式减持直接持有的公司股份。在承诺期间，如发生资本公积转增股本等产生新增股份的情形，亦遵守 该不减持承诺。若违反承诺，减持所得收益归公司所有。 ...

Core Insights - The article reflects on the journey of a veteran in China's manufacturing industry, highlighting the theme of "restlessness" over the past 20 years and the realization that sustainable success requires a focus on core values and long-term strategies rather than short-term gains [1][5]. Group 1: Industry Evolution - The manufacturing sector in China has experienced rapid growth since the country's entry into the WTO in 2001, with many entrepreneurs benefiting from the "opportunity grabber era" [2][10]. - The shift from a focus on quick profits to a more sustainable approach is emphasized, as the industry faces challenges in maintaining long-term viability [17][18]. Group 2: Company Transformation - The company, ICECO, founded in 2005, initially focused on OEM production for international brands and has since evolved into a leading brand in the automotive refrigerator market [8][13]. - After facing significant setbacks during the 2008 financial crisis, the company underwent a transformation to become a front-mounted manufacturer, securing contracts with major automotive brands [11][12]. Group 3: Marketing and Strategy - In 2018, the company invested over 200 million yuan in advertising, despite having only 300 million yuan in total revenue, reflecting a period of misguided marketing strategies driven by market trends [2][12]. - The realization that genuine value creation and customer focus are essential for long-term success led to a strategic pivot back to core manufacturing principles [17][18]. Group 4: Future Outlook - The article suggests that the future of China's manufacturing industry lies in a return to fundamental values, emphasizing quality, customer engagement, and innovation [17][18]. - The narrative concludes with a call for introspection among entrepreneurs to understand their origins and navigate future challenges effectively [18].

0:00 编者按： 2025 年，经济观察报以 " 我们的四分之一世纪 " 为年终特刊主题，旨在通过数十位时代亲历者的故事，共绘一幅属于这段岁月的集体记忆图谱 。 距离2008年，时针已经拨过了17个年头。对大多数人而言，汶川地震的轰鸣已成为一段渐行渐远的记忆，但对于廖智，那片废墟是她重生的起点。 那一年，在四川绵竹汉旺镇的瓦砾下，23岁的廖智痛失女儿与双腿，人生如剧本般被撕毁又重写。接受伤痛与不完整的自己，她靠假肢走出黑暗，一边重建 自己的生活，一边践行着助残使命，并在爱中组建起新的家庭，与丈夫一起成为残健融合的公益倡导者。 2025年初冬，身在美国明尼苏达的廖智与经济观察报记者对话。回忆那场劫难，她用"幸存者"定义自己，感慨岁月的厚待。透过电波传出的，除了她平静有 力的讲述，还有一双儿女在旁边玩闹嬉笑的声音。 一家四口从重庆迁居美国，两年来，廖智尤其喜欢下雪天。她更期待今年冬季的到来——第四个孩子即将出生。 丈夫Charles记录下了这样一幕：身怀六甲的廖智，戴着义肢，在雪地中小心翼翼地舞动。她笑意盈盈，不仅因当下幸福，更因过去17年，她将每一天都视 为生命的馈赠。 废墟之下 2008年5月12日14时2 ...

12月23日，江西省疾控中心发布公示，百克生物（688276.SH）带状疱疹疫苗的采购价格由原来的1375元/针下调至464元/针，大约是此前价格的三折。 经济观察报 记者 张铃 实习生 田韫莘 国产带状疱疹疫苗的价格再次下调。 截至12月24日收盘，百克生物股价报19.19元/股，总市值79.38亿元。 带状疱疹减毒活疫苗是百克生物的核心管线之一。目前，百克生物正面临带状疱疹疫苗的销售与库存压力。 （作者 张铃） 百克生物2025年第三季度报告显示，其三季度营收为1.9亿元，同比下降53.5%，业绩下滑的主要原因是带状疱疹疫苗退货冲减收入、实施惠民政策单价降低 导致收入减少。 带状疱疹因疼痛剧烈被称为"最疼皮肤病"，民间俗称"蛇缠腰""缠腰龙"，多发于50岁以上人群。由于9%—34%的患者在治愈后会出现后遗神经痛，接种疫苗 成为有效的预防方式。 目前，国内有两款带状疱疹疫苗上市，除了百克生物研发的减毒活疫苗外，还有由葛兰素史克（下称"GSK"）研发、智飞生物（300122.SZ）代理的重组疫 苗。 2025年3月起，带状疱疹疫苗的价格博弈已经出现，但多为短期优惠。经济观察报曾报道，因销售量不及预期，进口带状 ...