Group 1 - SHEIN has partnered with French brand Pimkie to launch the Xcelerator project in key global markets such as France, the UK, and China, which includes not only online product transactions but also support for creative talent to establish personal brands [3] - Pimkie's products are expected to be available on the SHEIN platform by the end of this year, targeting consumers in 160 countries [3] - Currently, Pimkie's online sales account for only 6% of its total sales, with a goal to increase this to over 30% to sustain its physical store operations [3] Group 2 - SHEIN aims to demonstrate that its model can complement traditional retail methods through deep collaborations with established fashion brands [3] - The spokesperson for SHEIN in France emphasized the intention to create a consensus that innovative business models like online sales and on-demand production are not in conflict with traditional retail [3] - The French ready-to-wear industry is facing multiple challenges, including rising inflation and the emergence of fast fashion online platforms, prompting the need for transformation and change [3]

Group 1 - YGM Trading (00375) announced a sale agreement for YGM Retail's entire issued equity and the transfer of outstanding loans for a total consideration of HKD 34.32 million, effective September 1, 2025 [1] - Upon completion of the sale, YGM Retail and YGM Marketing will enter into a distribution and manufacturing licensing agreement, granting YGM Marketing exclusive rights to market, distribute, and sell products in Hong Kong and Macau, along with non-exclusive rights to manufacture products globally [1] - The licensing agreement will also allow YGM Marketing to use Ashworth IP for manufacturing, promoting, marketing, distributing, and selling products in Hong Kong and Macau for a period of three years from the completion date [1] Group 2 - The trademark usage fees from franchisees involve a minimum fee and additional fees based on recorded sales or purchases, with all franchisees, except one in 2023, only paying the minimum fee due to a weak global retail environment [2] - Given the slight loss recorded by YGM Retail, the board believes that selling the trademark is a timely decision to cash out on its investment in Ashworth intellectual property [2] - After the sale, the group's traditional business, including the Ashworth brand, will focus on Hong Kong and Macau, covering garment manufacturing, wholesale, retail, sales, and marketing [2]

Market Performance - US stock market saw gains on Thursday, with the S&P 500 index reaching a record closing high as investors awaited the August employment report [2] - The Dow Jones Industrial Average rose by 350.06 points, or 0.77%, closing at 45,621.29 points; the S&P 500 increased by 53.82 points, or 0.83%, to 6,502.08 points; and the Nasdaq Composite gained 209.97 points, or 0.98%, ending at 21,707.69 points [2] - Major tech stocks mostly rose, with Amazon up 4.3%, Netflix over 2%, and Google hitting an all-time high [2] Employment Data - ADP's private sector employment report indicated a slowdown in the US job market, with 54,000 new jobs added in August, below the expected 65,000 and significantly down from 106,000 in the previous month [3] - Initial jobless claims rose to 237,000, the highest since June, exceeding both previous values and expectations [3] - Economists predict approximately 75,000 new non-farm jobs for August, with the unemployment rate potentially rising from 4.2% to 4.3% [3] Company-Specific Developments - Salesforce's stock fell by 4.9% as the company projected third-quarter revenue below market expectations, indicating slow monetization progress of its AI platform [4] - American Eagle Outfitters' stock surged by 38% after the company forecasted comparable sales above expectations for the third quarter [5] Commodity Market - International oil prices declined, with WTI crude oil futures down by $0.49, closing at $63.48 per barrel, a drop of 0.77%; Brent crude oil futures fell by $0.61 to $66.99 per barrel, down 0.90% [5] - In precious metals, COMEX gold futures decreased by $28.80, or 0.79%, to $3,606.70 per ounce [5]

Group 1 - The Indian government has denied reports of suspending defense procurement negotiations with the United States, stating that all procurement cases are proceeding as per existing procedures [1] - Prior reports suggested that India had paused new arms and aircraft procurement plans from the U.S., seen as a sign of dissatisfaction in U.S.-India relations due to tariff issues [1] - U.S. President Trump imposed an additional 25% tariff on Indian goods as a punitive measure for India's purchase of Russian oil, raising the total tariffs faced by Indian exports to 50% [1] Group 2 - The U.S. is India's largest export market, with total exports to the U.S. projected to be nearly $87 billion in 2024 [2] - Experts warn that if the 50% tariffs are implemented, it could significantly impact India's economy, particularly affecting industries such as textiles, automotive parts, steel, and gemstones [2] - In the context of escalating U.S.-India trade tensions, India appears to be strengthening its cooperation with Russia [3][4] Group 3 - Indian and Russian officials held a meeting on August 6 to discuss deepening industrial cooperation, focusing on areas such as rare earth and critical mineral extraction, aerospace technology, carbon fiber, and 3D printing [4] - The meeting resulted in a signed protocol reaffirming the strategic partnership between India and Russia, committing to enhance industrial and economic collaboration [4]

Core Viewpoint - The economic and trade cooperation between China and Bangladesh has achieved significant results over the past 50 years, with potential for further enhancement [1] Economic Cooperation - China has been Bangladesh's largest trading partner for 15 consecutive years, with nearly 1,000 Chinese companies operating in Bangladesh [1] - Chinese investments have been crucial in various infrastructure projects and sectors such as ready-made garments, pharmaceuticals, renewable energy, and information communication technology [1] Future Collaboration - There is potential for deep industrial chain complementarity, with China focusing on capital-intensive and high-tech sectors while Bangladesh aims to become a manufacturing hub [1] - Bangladesh is exploring renewable energy sources like solar, wind, and hydropower to address energy sustainability challenges, viewing China as an ideal partner for efficient renewable energy utilization [1] Strategic Goals - Bangladesh is striving to become a regional manufacturing center and build a more competitive digital economy, which relies on deeper cooperation with China [1] - The successful outcomes of China-Bangladesh economic cooperation provide a solid foundation for further exploration of collaboration in more fields [1]

Group 1 - The article discusses the misguided belief among some developing countries, including India, that they can replicate China's development model to become global powers, which often leads to disappointment due to their relatively weaker capabilities [1] - India announced retaliatory tariffs against the US on July 4, 2023, in response to a 25% increase in tariffs on various Indian goods by the US, significantly impacting India's exports [1][5] - The trade dynamics between India and the US show a significant imbalance, with India's exports to the US projected at $874 billion and imports at $418 billion for 2024, resulting in a trade surplus of approximately $400 billion for India [1] Group 2 - India's exports to the US primarily consist of generic drugs, petroleum products, solar panels, telecom equipment, garments, and precious stones, which account for about 40% of total exports, while the US exports high-end products like weapons, chips, and machinery to India [3] - Indian officials often exhibit a sense of entitlement, believing they are a central player on the world stage, which leads to a dismissive attitude towards US pressure [3] - The ongoing trade negotiations between India and the US have faced significant challenges, leading to a perception that India's responses are more bluster than substance, particularly in the context of domestic crises [5][6] Group 3 - Modi's government is under pressure to respond to the US with equivalent countermeasures, even if they are merely symbolic, indicating India's willingness to stand up to the US alongside China [8] - The friction between the US and India presents opportunities for China, allowing it to observe and prepare for potential shifts in the geopolitical landscape [8] - The article suggests that if the US continues its current approach, it may inadvertently push India and other countries closer to China, potentially altering the balance of power in the region [8]