从服装到时装的发展之路，这座江苏小城走了40多年。常熟，凭何引领国际时尚？ 5000多家企业年产超5亿件服装，小城蕴藏大能量 今年"双十一"，仅11天时间，江苏常熟服装在抖音平台上的销售额就达52亿元，同比增长35.8%。据常 熟海关统计，今年1至10月，常熟纺织服装出口达190.1亿元，同比增长4.7%。 50分钟，纱线变身羊毛衫。 72小时，定制版羽绒服可以交付。 7天，冲锋衣、防晒服完成打样、生产、发货。 在常熟，5000多家纺织企业，年产超5亿件服装，占据中国羽绒服出口半壁江山；作为全球纺织服装产 业重要枢纽，市场连接179个国家和地区，线上线下年成交额超2000亿元…… 常熟素以"江南好山水，苏式慢生活"的面貌示人，但这里的服装设计制造却十分高效，透露着小城的发 展活力。目前，常熟纺织服装产业规上产值近600亿元，近年来以每年约10%的速度增长。 11月，冬季寒气日盛，正是常熟服装产销两旺之时。走进羽绒服行业领军企业波司登，数万平方米的智 能车间里，物料由顶部滑轨迅速运送到各工序操作点，后台屏幕上实时显示着生产数据信息，一件羽绒 服从材料到成品最快只用三四分钟。 "今年冬季寒潮提前，叠加2026年春 ...

中国商报（记者 于佳鑫 文/图）在平价羽绒服因高性价比受到消费者青睐的同时，高端羽绒服市场的格局正在悄然发生变化。 从国内来看，前些年的高端羽绒服市场，仍以加拿大鹅、盟可睐等国外品牌占据主流；而今，除了固守阵地的外国品牌外，波司登、高梵、美力城等国产品 牌已向高端市场发起有力冲击，一场围绕科技、设计等方面的竞赛已经展开。 国外巨头中国市场增速亮眼 今年10月底至11月初，盟可睐和加拿大鹅两大国际高端羽绒服品牌相继披露了最新财务数据。 2025年前三季度，盟可睐集团实现收入18.41亿欧元，按固定汇率计算同比持平，按当前汇率同比下降1%。其中，盟可睐品牌前三季度收入为15.53亿欧元， 按固定汇率计算同比持平，按当前汇率同比下降1%。 加拿大鹅的最新财报显示，在截至2025年9月28日的三个月内，集团全球营收为2.73亿加元，按固定汇率计算同比下滑0.8%，按当前汇率计算同比增长 1.8%；营业亏损为1760万加元，较上年同期转盈为亏；归属于股东的净亏损为1520万加元。 高梵北京荟聚门店外观。 国内品牌加速抢占高端市场 盟可睐和加拿大鹅在中国市场逆势突围，反映出国内消费者对高端羽绒服的需求正在不断增长。 中国 ...

Core Insights - The price of duck down has surged to 564.06 yuan per kilogram, an increase of 11.91% year-on-year, while the price of white goose down has decreased by 14.66% to 938.52 yuan per kilogram [1][3] Supply and Demand Dynamics - The supply of duck down has significantly decreased due to a reduction in duck farming, with production dropping to about 1/2 to 1/3 of previous levels as farmers face losses from low duck meat prices [3][4] - The current price of duck meat is around 4000 yuan per ton, down from 5000-6000 yuan per ton last year, contributing to the decline in duck farming [3] - Increased demand for down products, driven by expectations of a cold winter and low inventory levels, has led to a spike in procurement activities [3][4] Market Behavior and Consumer Response - Despite rising raw material costs, retailers have managed to keep consumer prices stable through promotions and discounts, with many consumers reporting significant discounts on down jackets [5][6] - The trend of rational consumer behavior is evident, as many consumers are not feeling the impact of rising raw material prices due to ongoing sales and the durability of down jackets [6][7] Product Evolution - Down jackets are evolving with improved materials and manufacturing processes, including the use of larger duck down particles for better insulation and machine-washable designs [7] - The market is expected to stabilize as high duck down prices may ease, leading to a demand-driven equilibrium [7]

为进一步优化营商环境，助力辖区内商户把握自媒体机遇、拓展经营思路，近日，枣庄高新区云溪小镇 成功举办商户自媒体引流培训活动，推动个体经济实现高质量发展。 云溪小镇运营部经理王祥说："本次培训活动，我们从前期调研商户需求到设计课程内容，都力求实 用、接地气。从商户反馈来看，效果挺不错的，不少商户已经能借助学到的技巧着手搭建自媒体账号。 下一步，我们会根据商户在实际操作过程中遇到的问题，开展针对性的进阶培训，还会一对一指导商户 优化自媒体账号和视频内容，进一步帮大家把线上流量转化成线下客源，助力大家把生意做得更红 火。" 云溪小镇商户张秀茹说："我刚刚上完课感觉不孬，太好了，老师讲得非常的实在。我以前在学校门口 摆摊，不懂怎么吸引年轻人。现在经常来这里学习，生意比之前好多了，新来的都是年轻人，非常感谢 老师们。" 此次培训吸引了云溪小镇20余名商户参加，涉及餐饮、服装、零售等多个行业，基本实现商圈业态全覆 盖。在培训课程中，除了对基础操作进行讲解之外，还进一步系统讲解了账号定位、内容策划、流量获 取等进阶知识，旨在帮助商户不仅"会用"，更要"用好"自媒体，从而精准找到线上引流的突破口。 培训现场，授课讲师围绕实体 ...

"涨价狂潮""一天一个价""迈入千元时代"……虽然最近降温不甚明显，但羽绒服还是以涨价的方式登上 热搜。 记者调查发现，近年来每到冬季，都会有羽绒服涨价的消息传来。今年羽绒服涨价了吗？因为什么？记 者通过对专业人士的采访，为您揭秘羽绒服涨价背后的逻辑。 线上的羽绒服涨价热潮，目前还没有影响到北京的线下市场。 现场 "准确说是天气一冷就涨" "涨了吗？这个价格一直都是这样的。"百荣世贸商城一家品牌羽绒服店面的销售，给出了与涨价消息不 一致的回应，线上的涨价潮还没有传递到北京的线下市场。 这座北京最著名的服装批发市场，给羽绒服开辟了专属分区，三楼有一大块区域属于各种品牌的羽绒 服。波司登、雪中飞、雅鹿、鸭鸭等市面上主流的国产羽绒服品牌，在这里都有店面。 有店面的90白鸭绒(含绒量90%)长款女式羽绒服售价均在1200元以上，90鹅绒长款女式羽绒服售价均在 1500元以上。"今年没涨，白鸭绒跟去年基本上是持平的，鹅绒的价格甚至还稍微便宜一点。" 在这家店隔壁，另一个品牌相似款式的羽绒服，含绒量、充绒量、蓬松度相同，售价还便宜500元左 右。这些店面，几乎都将长款女式羽绒服摆放在店面核心位置，而这类产品也是店里售价最 ...

Core Insights - The Central Meteorological Observatory has issued multiple cold wave warnings, leading to a significant drop in temperatures across various regions, prompting consumers to seek traditional warm clothing options [1] - JD Fashion has introduced a guide for selecting traditional warm clothing, catering to the increased demand for winter apparel [1] Group 1: Traditional Warm Clothing - The "big quilt down jacket" has gained popularity due to its quilt-like appearance and excellent warmth retention, with products like the BERSHI and Aurora MAX long down jackets featuring 90% goose down content and high fill power [1] - The Snow Flying mid-length down jacket for women is designed for a sweet aesthetic, offering 90% down content and a comfortable fit, ideal for cold weather [1] - The Yalu cashmere silk thermal underwear is highlighted for its high-density warmth and skin-friendly materials, making it a recommended base layer [1] Group 2: Footwear Trends - UGG's new women's short snow boots are noted for their classic design and high-quality materials, combining warmth and style [3] - The ZHR women's suede platform shoes are trending, praised for their lightweight and comfortable design, suitable for daily commutes [3] Group 3: Children's Winter Apparel - The Duck Duck Ice Shell series children's long down jackets feature high down content and a 3D athletic cut for ease of movement [4] - Moody Tiger's 2025 winter collection includes mid-length down jackets for girls, made with high-end white goose down and designed to withstand variable weather conditions [4] Group 4: Accessories - Johnstons of Elgin cashmere scarves are positioned as investment pieces, made from 100% cashmere and available in various colors [5] - JEEP SPIRIT's mink fur ear hats and Canada Goose's Arctic hats are highlighted for their quality and unique designs, suitable for various styles [5] Group 5: Outdoor Sports Apparel - Decathlon's women's sleeveless cotton vests are recommended for winter sports, providing warmth without bulk, ideal for morning runs and commutes [7] - The Camel stand-up collar down vest features water-resistant properties and a flattering design, making it suitable for outdoor activities [7] Group 6: Shopping Trends - The emphasis on practicality in winter clothing is noted, with JD offering a wide range of high-cost performance winter items for consumers [9]

Core Insights - The Chinese government is promoting policies to enhance the adaptability of supply and demand in consumer goods, with a focus on artificial intelligence (AI) as a catalyst for consumption growth [1][3]. Group 1: AI User Base and Market Trends - As of the first half of this year, the user base for generative AI products in China has reached 515 million, with continuous expansion of application scenarios and a surge in new AI terminal products [1]. - AI is transforming consumption from merely purchasing products to subscribing to a lifestyle, indicating a shift in consumer behavior [3]. Group 2: Product Innovation - The government plans to drive product innovation by integrating AI and big data into the digital transformation of key consumer goods sectors, aiming to establish a digital ecosystem that connects user demand, intelligent design, flexible production, and precise services [4]. - In the home appliance sector, there is support for developing smart appliances that utilize user behavior data for decision-making, enhancing user experience through features like automatic shopping lists [4]. Group 3: Scenario Expansion - The initiative will promote the integration of AI into more consumer scenarios, creating new experiences and stimulating demand, such as in smart home environments and health care for the elderly [5]. - Examples include AI glasses that provide hands-free navigation and personalized services, and the development of AI-powered health monitoring products aimed at improving elderly care [5]. Group 4: Future Directions - The Ministry of Industry and Information Technology will focus on demand-driven, technology-led, and ecosystem-coordinated approaches to deepen the integration of AI with the consumer goods sector, continuously expanding new consumption scenarios [6].

Core Viewpoint - China's consumer goods supply has entered a new development stage characterized by high quality and reasonable pricing, meeting the basic needs of the population, but structural mismatches in supply and demand still exist in certain sectors [1][5][9]. Group 1: Supply and Demand Issues - There are structural mismatches in supply and demand, with some products experiencing oversupply while high-quality offerings remain insufficient, particularly in high-end brands for jewelry, bags, and cosmetics [1][5][9]. - The transition from old to new growth drivers is ongoing, with a lack of innovative products that meet the quality and personalization demands of consumers [1][5][9]. - Certain consumer hotspots, such as elderly care, cultural tourism, and smart consumption, have strong demand, but the supply of personalized products like elderly care items and smart devices is inadequate [1][5][9]. Group 2: Implementation Plan - The Ministry of Industry and Information Technology (MIIT) has jointly issued an implementation plan to enhance the adaptability of consumer goods supply and demand, which includes the application of generative artificial intelligence and 3D digital design tools [1][5][9]. - The plan aims to develop AI terminal products that provide entertainment, health, and companionship services [1][5][9]. Group 3: AI Product Development - As of mid-2023, the user base for generative AI products in China has reached 515 million, with continuous expansion of application scenarios and a surge in new AI terminal products [6][10]. - The MIIT will focus on product and scenario innovation to accelerate the integration of AI technology in the consumer goods sector [6][10]. Group 4: Digital Transformation - The MIIT plans to promote the integration of AI and big data technologies to build a digital ecosystem that encompasses user needs, intelligent design, flexible production, and precise services [6][10]. - In the home appliance sector, there is support for developing smart appliance ecosystems based on user behavior data, which has already shown positive user feedback [6][10]. Group 5: Scenario Expansion - The MIIT has released 213 application scenarios for digital technology to enhance product variety, quality, and branding, aiming to identify solutions that address industry pain points and improve manufacturing efficiency [7][11]. - In the "AI + smart home" scenario, the MIIT will promote the development of interconnected smart home systems, creating immersive and proactive smart living experiences [7][11]. - In the "AI + health and elderly care" scenario, initiatives will focus on developing rehabilitation aids, health monitoring products, and humanoid robots to transition from mechanical care to emotional companionship [7][11].

Core Insights - The article discusses the evolving trade dynamics between China and the United States, highlighting a shift towards a "divergent restructuring" of bilateral trade relations, while emphasizing the growing trade volume between China and ASEAN countries, particularly Vietnam and Thailand [6][5]. Group 1: Trade Dynamics - The trade relationship between China and the U.S. is entering a phase of "competitive cooperation," with a noticeable trend of restructuring in trade patterns [6]. - The proportion of bilateral trade between China and the U.S. is decreasing, while trade with ASEAN countries has increased by 54% over the past five years [6]. - In 2024, China's trade surplus with Vietnam is projected to be approximately 450 billion RMB, while the surplus with Thailand is expected to be around 270 billion RMB [6]. Group 2: Economic Conditions in Thailand and Vietnam - Thailand's economic development remains stable, characterized by a steady growth trajectory [6]. - Historically, Thailand was recognized as a rising economic star in Southeast Asia, particularly during its economic boom from the 1980s to the 1990s, with an average growth rate of 6%-8% [7]. - The success of Thailand's export-oriented industrialization has been driven by the transfer of industries from Japan and the "Asian Tigers," focusing on textiles, apparel, automotive parts, and electronics assembly [7].

Group 1: Dividend Announcements - Wanbo Group announced a dividend of HKD 0.0025 per share, with an ex-dividend date of December 8, 2025, and a payment date of December 23, 2025 [1] - Hong Kong Credit declared a dividend of HKD 0.016 per share, with an ex-dividend date of December 30, 2025, and a payment date of January 14, 2026 [1] - HYPEBEAST announced an interim dividend of HKD 0.0018 per share and a special dividend of HKD 0.0029 per share, with an ex-dividend date of December 9, 2025, and a payment date of December 23, 2025 [1] - Aji Bang Leasing declared a dividend of HKD 0.0023 per share, with an ex-dividend date of December 9, 2025, and a payment date of December 24, 2025 [1] Group 2: Additional Dividend Announcements - Haode Holdings announced a dividend of HKD 0.0008 per share, with an ex-dividend date of December 18, 2025, and a payment date of January 22, 2026 [2] - Kwan Chung Bus Group declared an interim dividend of HKD 0.04 per share and a special dividend of HKD 0.06 per share, with an ex-dividend date of December 8, 2025, and a payment date of December 19, 2025 [2] - Xinjia International announced a dividend of HKD 0.04 per share, with an ex-dividend date of December 10, 2025, and a payment date of December 23, 2025 [2] - Fujikou Industrial declared a dividend of HKD 0.01 per share, with an ex-dividend date of December 9, 2025, and a payment date of December 31, 2025 [2] Group 3: Further Dividend Announcements - Jiali International announced a dividend of HKD 0.015 per share, with an ex-dividend date of December 11, 2025, and a payment date of December 31, 2025 [3] - China Dongxiang declared an interim dividend of HKD 0.0114 per share and a special dividend of HKD 0.0114 per share, with an ex-dividend date of December 8, 2025, and a payment date of December 23, 2025 [3] - Note: The ex-dividend date indicates when a stock begins to be traded without the right to receive the upcoming dividend [3]