Group 1 - Major shopping districts in Beijing are preparing festive activities for New Year's Eve and the New Year holiday, with extended operating hours to enhance the celebratory atmosphere [1][2] - Bayli will host a variety of cultural events, including a large outdoor light art show and a music concert featuring well-known bands, with activities extending into the early hours of the new year [1] - Shougang Park will transform into a hub of art and technology, featuring an "AI New Gathering" theme with robots and giant mechas, alongside a music festival and a renowned arts market [1] Group 2 - Huaxi LIVE will hold a New Year's Eve party and distribute 15,000 red scarves to attendees, while Shoukai LONG Street will host a 5-hour street carnival with extended hours and free parking for members [2] - Tongzhou Mixc will extend its hours to 12:30 AM on January 1, 2026, featuring a New Year's Eve gala and a snow show at midnight [2] - Beijing Le Duo Port Wanda Plaza will host a winter hot pot and spa carnival, emphasizing warmth and celebration through diverse cultural performances [2] Group 3 - Bayli Wangfujing WellTown, a new commercial complex, will officially open, with measures in place to manage expected high traffic, including 4,000 parking spaces and designated taxi pick-up points [3] - The project has already seen over 500,000 visitors during its trial operation, with expectations of at least 300,000 visitors during the upcoming holidays [3] - To alleviate congestion, the project has partnered with Didi for ride subsidies and has coordinated with local authorities to increase parking capacity [3]

Core Insights - Business activity in the Chicago area experienced a significant decline in November, influenced by reductions in orders, production, and employment [1] Group 1: Business Activity - The monthly survey indicated a marked fall in business activity within the Chicago area [1] - Declines were specifically noted in key areas such as orders, production, and employment [1]

Core Viewpoint - Germany's business activity declined in May, marking the first contraction of the year, primarily due to a sharp drop in the services sector overshadowing moderate growth in manufacturing [1] Group 1: Economic Indicators - The composite PMI for Germany fell from 50.1 to 48.6, below the neutral mark of 50.0 [1] - The services PMI dropped from 49.0 in April to 47.2, reaching a 30-month low [1] - The manufacturing PMI increased from 48.4 in April to 48.8 [1] Group 2: Contributing Factors - The decline in business activity was driven by weak demand and customer uncertainty, representing the largest drop since September 2024 [1] - Decreasing energy prices are contributing to lower input costs, providing some relief for manufacturers [1] Group 3: Future Outlook - Increased defense spending and a clearer infrastructure package may provide additional momentum for the industry [1]