Core Viewpoint - A new individual business named Wanmi Craft Store has been established in Ruili City, with a registered capital of 100,000 RMB, focusing on various craft and art-related products and services [1] Group 1: Business Establishment - Wanmi Craft Store is registered as an individual business with Li Chuanbing as the legal representative [1] - The registered capital of the business is 100,000 RMB [1] Group 2: Business Scope - The business scope includes wholesale and retail of craft art products and collectibles, excluding ivory and its products [1] - It offers services such as art and collectible appraisal, professional design, and packaging services [1] - The store also engages in the sale of daily-use ceramic products, non-metallic minerals, and various consumer goods including food, clothing, cosmetics, and hygiene products [1] - Additional services include information technology consulting, cultural and artistic exchange organization, and internet sales [1]

Core Insights - The ISM reported that the US services sector unexpectedly stagnated in September, with the services PMI index at 50, a decrease of 2 percentage points from August, marking the first time since January 2010 that it has fallen to the neutral line [1] - The services sector, which contributes approximately three-quarters of the US GDP, continues to show overall economic growth for the 64th consecutive month, although the growth rate has significantly slowed [1] Economic Activity - The business activity index dropped to 49.9 in September, down 5.1 percentage points from August, entering contraction territory for the first time since May 2020 [1] - The new orders index remained in the expansion zone but fell significantly to 50.4, a decrease of 5.6 percentage points from the previous month [1] Employment Trends - The employment index has been in contraction for the fourth consecutive month, recording 47.2, a slight increase of 0.7 percentage points from August [2] - Companies reported increased employee turnover and delayed hiring due to cost and market uncertainties, with AI improving productivity in some sectors, affecting traditional hiring needs [2] Supplier and Price Dynamics - The supplier delivery index rose to 52.6, indicating slower delivery times, the highest level since February of this year [2] - The prices index remained high at 69.4, reflecting ongoing cost pressures in the services sector, with the index above 60 for ten consecutive months [2] Inventory and Backlog - The inventory index shifted from expansion to contraction, recording 47.8, the lowest level since January, as some companies reduced inventory in anticipation of falling commodity prices [2] - The backlog of orders index, while still in contraction, rose significantly to 47.3, indicating a slowdown in the rate of contraction [3] Sector Performance - Among 18 service industries, 10 reported growth in September, a decrease of 2 from August, with growth seen in sectors like accommodation, healthcare, and finance [3] - Sectors such as real estate and related industries continue to be a drag on the economy [3] Overall Economic Outlook - The ISM noted that despite weak service sector data, the September PMI corresponds to an annualized GDP growth rate of approximately 0.4%, indicating economic slowdown but not recession [3]

Company Overview - Shanghai Shuo Xinjie Technology Co., Ltd. has been established with a registered capital of 10 million RMB [1] - The legal representative of the company is He Bin [1] Business Scope - The company engages in a variety of services including technology services, development, consulting, and transfer [1] - It is involved in the sales of various products such as coatings, chemical products, lightweight building materials, waterproof materials, insulation materials, and electronic materials [1] - The company also provides information consulting services, environmental consulting, cultural and artistic exchange activities, digital content production, advertising services, and project management [1] - Additionally, it is involved in import and export activities, including food products and food additives [1]