Core Insights - The article discusses the prevalence and growth of Chinese supermarkets globally, particularly in emerging markets like Southeast Asia and Latin America, driven by familial networks and historical migration patterns [4][5][6]. Group 1: Distribution and Growth of Chinese Supermarkets - Chinese supermarkets can be found in various locations worldwide, including remote areas like Savannah, Jamaica, indicating a widespread presence [4]. - In Argentina, there are approximately 10,788 Chinese supermarkets, with a notable concentration in Buenos Aires, where one can find a store every two to three blocks [4]. - The establishment of these supermarkets often follows a pattern where immigrants are brought over by relatives, leading to a network of family-run businesses [5][6]. Group 2: Challenges Faced by Chinese Supermarkets - Chinese supermarket owners face significant challenges, including theft and violence, particularly in regions with high crime rates like Jamaica and Argentina [7][11]. - In Jamaica, theft is common, with no specific profile for thieves, and even children are known to steal frequently [8]. - In Argentina, the economic situation has worsened, with inflation reaching 211.4% in 2023, leading to increased instances of armed robbery in supermarkets [11][19]. Group 3: Economic Viability and Business Model - Operating a Chinese supermarket requires relatively low barriers to entry, primarily needing initial capital rather than specialized skills [18]. - The business model is characterized as stable and traditional, with average monthly profits around 100,000 RMB, providing a decent living for owners in developing countries [20]. - The Christmas season is particularly profitable for these supermarkets, as local consumers purchase home goods and festive items [19]. Group 4: Social Dynamics and Community - Chinese supermarket owners often operate within tight-knit communities, relying on familial and ethnic networks for support and information sharing [24][25]. - There is a tendency for competition among Chinese businesses, with price wars being common, and cooperation is often limited to those with familial ties [25][26]. - Many owners prefer to maintain a low profile and avoid conflicts, adhering to a culture of discretion in their business dealings [12]. Group 5: Future Trends and Globalization - The competitive landscape for Chinese supermarkets is evolving, with traditional models facing pressure from larger chain stores and changing consumer preferences [30]. - The article suggests that while these supermarkets play a crucial role in introducing Chinese products to local markets, they may be overshadowed by newer business models like e-commerce [30][31].

Core Viewpoint - The article highlights the significant rise in international gold prices and its impact on gold mining companies, particularly Zijin Mining, which has seen substantial stock price increases alongside its gold and copper business growth [5][11]. Group 1: Gold and Copper Business Performance - Zijin Mining's revenue from gold and copper has increased from 74% to 89% of total revenue since 2022, with gold revenue rising from 123 billion to 138.3 billion in 2023 [9]. - The contribution of gold business to Zijin Mining's total revenue growth exceeded 100%, with gold revenue growth significantly outpacing overall revenue growth [11]. - The company is focusing on increasing the proportion of self-mined gold, which has higher profit margins compared to purchased gold [13][15]. Group 2: Profit Margins and Cost Analysis - The profit margin for self-mined gold is significantly higher than that of refined gold, with self-mined gold achieving a gross profit margin of 62.2% in 2025 H1, compared to only 0.84% for refined gold [17][19]. - The article emphasizes that companies with a higher proportion of self-mined gold can benefit more from rising gold prices due to lower cost fluctuations [21]. Group 3: Market Position and Valuation - Compared to Shandong Gold, which has a market capitalization of 190 billion and a P/E ratio of approximately 34, Zijin Mining's gold business could be valued at over 300 billion if listed separately [23][25]. - Zijin Mining's copper business is also highlighted as having strong profit margins, with a gross profit margin of 60.9% for self-mined copper in 2025 H1, outperforming many competitors [28][31]. Group 4: Resource Reserves - Zijin Mining holds significant mineral reserves, including 5,043 million tons of copper and 1,487 tons of gold, which positions the company favorably in the market [34][36]. - The company is increasing its resource base, with new resource additions exceeding extraction rates, indicating a sustainable growth trajectory [36].

以下文章来源于盐财经 ，作者庞海尘 本文来自微信公众号： 盐财经 ，作者：庞海尘，编辑：何承波，题图来自：AI生成 小跑着冲出办公大楼时，李念还没完全反应过来，自己刚刚在领导办公室正式提出了辞去部门负责人 职务的请求。 直到跑得够远，跑到上午因心悸而不得不坐下休息过的长椅边，她才真切意识到——"终于为自己活 了一次"。 李念今年40岁，在西南某城市的一个公家单位工作近15年。当时，她凭借笔试第一的成绩考入，一 步步升至处级。对于一个出身普通工薪家庭、从小县城考出来的人来说，这已经是很大的成就。 李念的母亲对最稳定的工作有着一种执念，而这也传导给了李念。 可真正进入职场后，她发现工作遵循着截然不同的逻辑。升职带来的不是更好的生活，而是更沉重的 责任、更脱离实在感的工作内容，还有拒绝不了的人情世故和躲不过的暗中较量。那些接踵而来的消 耗，让她感到筋疲力尽。 盐财经 . 洞察趋势，睿智人生。《南风窗》旗下专业财经媒体。 这不是李念一个人的感受。 "80后"，作为改革开放后成长起来的一代人，他们的起点与轨迹曾经无比清晰，也被寄予厚望。生 活的答案似乎天生存在，不需要多余的追问。 面对压力，他们更倾向于把担子默默扛下来 ...

以下文章来源于差评X.PIN ，作者江江 差评X.PIN . Debug The World，关注科技、数码、汽车、产经、游戏，传播能改变世界的科技互联网信息。 本文来自微信公众号： 差评X.PIN （ID：chaping321） ，作者：江江，头图来自：AI生成 你在看这篇文章的时候是几点？ 你有没有想过，你每天看无数次的，手机右上角、屏幕左下角，手表里的那个时间，它到底是从哪儿来的？ 很多人可能会下意识地觉得，这时间不就是手机运营商给的嘛，或者干脆就是手机自己算的。 可在一些社交平台上，又会有一些抢票神器、抢票攻略说你的手机时间并不准，需要打开某某软件之类巴拉巴 拉的。 那问题来了，哪里的时间才是准的？ 省流版总结一下就是， 咱们全中国十几亿人用的这个统一、精准的北京时间，它的唯一源头并不在北京，而是 在陕西省西安市的国家授时中心。 但万万没想到，就这么个看起来人畜无害的时间管理大师，居然还遭到了美国持续近两年的网络攻击。 它们不仅对国家授时中心多个内部网络系统实施高烈度网攻，甚至还企图横向渗透至高精度地基授时系统，预 置瘫痪破坏能力。 这就让人纳闷了，美国人为啥要费这么大劲，去攻击咱们一个时间管理局？难 ...

Core Viewpoint - The article draws parallels between the challenges faced by Chinese restaurant chains and the historical experiences of Japan's dining industry during its economic stagnation, emphasizing the lessons that can be learned from Japan's "Heisei Era" [5][6]. Group 1: Historical Context - The Japanese "Heisei Era" began in 1989, marked by a GDP growth rate of 5.4%, which was never reached again in the following thirty years [8]. - The economic bubble burst in Japan led to a significant decline in various industries, but the restaurant sector managed to remain relatively stable, with food and beverage consumption maintaining a ratio of 23%-25% during the downturn [10][12]. - Despite a decrease in absolute food spending from 82,000 yen in 1992 to 74,000 yen in 2000, the restaurant industry acted as a buffer against the economic collapse [10][11]. Group 2: Changes in Consumer Behavior - The average dining price in Japan decreased by approximately 20% over two decades due to economic pressures [11]. - There was a notable shift in dining habits, with "home cooking" and "eating out" both declining, while "convenience food" consumption tripled, reflecting a preference for quick and affordable meals [12][13]. - The economic downturn led to a significant reduction in restaurant numbers, from 1.55 million to around 1.4 million, despite only a 1%-3% drop in demand [14][19]. Group 3: Industry Dynamics - The Japanese restaurant industry experienced a wave of horizontal mergers in the late 1990s, driven by a "community thinking" approach, despite a decrease in the number of outlets [18][21]. - The capital market saw a surge in restaurant companies going public, with over 100 listed, making Japan a leader in restaurant financing [21][22]. - The need for digitalization and standardization became crucial for restaurant businesses to attract investment, leading to the rise of pre-prepared food products [22][23]. Group 4: The "Impossible Triangle" - The article discusses the "impossible triangle" in the restaurant industry, where high pricing, chain operations, and quality cannot coexist [24][26]. - Successful restaurant chains often had to choose between maintaining high prices or expanding their operations, with most opting for the latter to ensure survival [28][29]. - The case of Watami, a Japanese chain, illustrates the pitfalls of trying to achieve high pricing while expanding, leading to significant losses [28][31]. Group 5: Lessons for the Future - The article concludes that the Japanese experience suggests a clear choice for restaurant businesses: to pursue either scale at lower prices or maintain high prices without expansion [38][42]. - The success of Japan's high-end dining sector, which focuses on quality rather than scale, contrasts with the struggles of chains attempting to balance both [36][40]. - The differences between the Japanese and Chinese dining markets highlight the challenges of standardization in China, where individual dining establishments still dominate [37][42].

本文来自微信公众号： 秦朔朋友圈 ，作者：秦朔，题图来自：视觉中国 2025年并非中美关系史上最紧张的年份。这一年两国沟通畅顺，政治和军事上也没有剑拔弩张。但 在经贸领域，却是一波未平一波又起、始终不得歇的一年。 这一年，或许会成为两国经贸关系的一个转折点，即中方开始从耐心克制走向明确反制，从"跟随式 对等反制"走向"关键供应链反制"。 古代典籍《鬼谷子》中说，"道贵制人，不贵制于人也；制人者握权，制于人者失命。"强调主动权的 重要性。 有制服他人的能力，就能掌握主动权。被他人所控制，就不能掌控自己的命运。 大历史的背景 美国作为全球最大经济体、最大市场和金融、科技、军事等方面的超强国，在全球经贸领域一直处于 制人者的地位。 1947年的关贸总协定、上世纪80年代中期开始的乌拉圭回合谈判、1995年1月建立的世界贸易组织， 这些经济全球化的框架性安排，最初都是由美国推动的。 但当历史走到今天，美国踢开了自己当年倡导的组织和规则。目前166个世贸组织成员中，165个基 本上都是按照世贸组织的非歧视、自由贸易、公平、透明度等原则，开展贸易活动。 唯独美国和别 的成员间的关税安排游离于世贸规则之外，由美国自判断、自 ...

以下文章来源于旅界 ，作者theodore熙少 旅界 . 跟踪时代浪潮，讲述文旅商业好故事。 那天天气很好，阳光打在中山道石阶上，我们走在细细山道上，一边拍照，一边打趣这条路也太江户时代了，路标写得像俳句。 日本中山道/旅界实拍 走着走着，突然丁丁在前面喊，快看，这有个熊出没注意的牌子。 我们一拥而上，纷纷拍照合影。蛋总和我太太麦琪还摇了两下旁边挂着的熊铃，说这声音挺悦耳，应该能驱邪。 但铃声一响，再一走，队伍又逐渐安静了下来。 接着第二块熊出没注意牌子出现了，然后是第三块。 本文来自微信公众号： 旅界 （ID：tourismzonenews） ，作者：theodore熙少，头图来自：AI生成 前段时间，我和朋友蛋总、丁丁在日本妻笼宿徒步。 我们开始交换眼神，没人说话，但所有人都开始走得飞快。 我边走边手贱查了下这条中山道上熊的分布情况，结果吓出一身汗。 一 白川乡可是联合国世界文化遗产，每年来访游客过百万，在全球自由行客群心中几乎是最安全的日本景区代表。 那天原本预计要花四个小时走完的山路，我们走了不到两小时，一路狂奔到终点。 等到了旅馆，我们定下神来复盘，才发现日本中部地区这边是小巫见大巫。 根据日本环境 ...

以下文章来源于AGI接口 ，作者宋思杭 AGI接口 . 出品｜虎嗅科技组 作者｜宋思杭 编辑｜苗正卿 头图｜视觉中国 数据来源：企查查、天眼查 AI卷起的财富风暴。 10月10日晚，有消息称，智元机器人计划于2026年在香港启动IPO，目标估值区间为400亿至500亿港币。对 此，虎嗅第一时间向智元机器人求证，其否认了这一消息。 与此同时，虎嗅还了解到，2024年，智元机器人的营收约1亿元规模。对此，智元方面向虎嗅透露道，2025 年智元的营收将翻几倍。就在不久前，智元刚刚发布精灵G2，目前该机器人已锁定数亿元订单。 而从2025年开始，智元机器人就一直处于风口浪尖。 值得注意的是，9月，在智元机器人官网上还公布了一份合伙人名单：其中前三位均来自华为，而他们也是 智元这家公司最重要的三名主舵手，分别手握战略、技术和商业化大权。 名单一出，在业内迅速引发关注。对比这家成立不过两年半的公司今日的估值与体量，很多人第一反应是 ——"这不就是一家浓厚的华为系公司吗？" 但若近距离观察，便能发现这家具身智能公司身上的特殊性，它不属于华为，也不像其他任何大厂。 当然，智元的创始团队里，不乏华为及科技大厂出身的高管；其行事 ...

Core Viewpoint - The article discusses the declining relevance and acceptance of high heels in professional settings, particularly among female employees, highlighting a shift towards comfort and practicality in fashion choices [4][10][20]. Group 1: Changing Attitudes Towards High Heels - There is a growing movement against the expectation for flight attendants to wear high heels, with several airlines allowing "flat shoe freedom" [4][10]. - High heels, once seen as a symbol of professionalism and elegance, are now viewed as a "beautiful torture" due to their negative health impacts [11][20]. - The pandemic has accelerated the acceptance of casual and comfortable attire, leading to a decline in the traditional dress code that included high heels [9][12]. Group 2: Fashion Trends and Consumer Preferences - Current fashion trends favor comfort and versatility, with styles like "urban outdoor" and "gender-neutral dressing" gaining popularity [14][15]. - High heels are increasingly seen as incompatible with modern fashion sensibilities, which prioritize practicality and multi-functionality [16][20]. - The rise of alternative footwear options such as sneakers and loafers reflects a broader cultural shift away from high heels [12][24]. Group 3: Market Dynamics and Business Implications - Sales of high heels have been declining, with a reported annual decrease of 1.5% to 2% from 2019 to 2023 [23][24]. - Brands like Christian Louboutin are diversifying their product lines to include non-heel options, indicating a strategic shift in response to changing consumer preferences [22][24]. - The footwear market is witnessing a concentration of sales among a few leading brands, while many traditional high heel brands struggle to maintain profitability [25][26].

Core Viewpoint - The article discusses the challenges faced by farmers during the corn harvest season in northern China due to continuous rainfall, which has led to crop damage and delays in harvesting [4][7][31]. Group 1: Impact of Weather on Agriculture - Continuous rainfall during the corn harvest season has caused significant issues, including crop spoilage and difficulties in using harvesting machinery [7][31]. - The mechanization rate for crop farming in northern China exceeds 74%, with regions like Shandong reaching 91.7%, but weather conditions limit the effectiveness of these machines [7][31]. - Farmers are forced to engage in urgent harvesting efforts to prevent further crop loss, highlighting the unpredictability of agricultural production [7][8]. Group 2: Traditional Agricultural Practices - Farmers are resorting to traditional methods of harvesting, such as manually collecting corn and transporting it despite challenging conditions [8][12]. - The social aspect of harvesting, where community members come together to help, reflects deep-rooted agricultural traditions [14][22]. - The process of drying corn involves innovative methods developed over generations, showcasing the adaptability of farmers [15][16]. Group 3: Economic Considerations - The economic viability of farming is questioned, as rising costs for seeds, fertilizers, and other inputs make it difficult for farmers to achieve profitable returns [26][28]. - The opportunity cost of farming is highlighted, with many farmers considering more lucrative employment options in urban areas [26][28]. - The article raises concerns about the future of farming, particularly regarding labor shortages as younger generations migrate to cities [27][28]. Group 4: Government Response - The government has allocated nearly 500 million yuan to assist affected areas with agricultural recovery efforts, but the amount is deemed insufficient given the scale of the challenges [31]. - The ongoing rainfall complicates not only the corn harvest but also the upcoming wheat planting season, indicating a broader agricultural crisis [31].