关税重挫印度出口产业，从纺织服装、家具、虾类养殖到钻石加工业均受到冲击。全球贸易研究倡议机 构估算，受影响的出口约占印度对美900亿美元商品出口的三分之二，若订单锐减，全年出口额恐减少 近400亿美元，相当于拉低印度本财年（截至2026年3月）的经济增速近1个百分点。 美国市场约占印度商品出口的五分之一，且集中于劳动密集型行业，就业风险巨大。南印度虾农、西印 度钻石工人和地毯织工首当其冲。印度纺织业人士警告称，已有订单正在讨论由谁承担关税成本。叠加 此前的税率，美国对印度服装征收关税已超过60%，远高于越南、孟加拉国等竞争对手。 来源：环球市场播报 美国总统特朗普对印度商品征收高额关税，令印美关系骤然紧张。周三起，美国对印度进口商品的关税 正式升至50%，包括本月初未达成贸易协议时追加的25%"对等关税"，以及因印度大量采购俄罗斯原油 而征收的额外25%。特朗普表示，印度的石油采购帮助俄罗斯维持战争。 莫迪总理在演讲中强调"绝不牺牲农民、畜牧业者和渔民利益"，并呼吁国民支持本土产品，展现民族自 立姿态。尽管如此，出口行业担忧美国市场份额将快速流失。 印美此前多轮谈判未果。特朗普在社交媒体上指责印度贸易壁垒"令 ...

（央视财经《天下财经》）当地时间27日，美国正式开始对印度输美产品征收50%关税。印度皮革及钻石加 工等行业受到严重冲击，随着美国客户陆续取消订单，不少工厂都面临经营困境。 据路透社的数据，全球超过80%的原钻在印度古吉拉特邦的苏拉特市进行切割和抛光。美国实施新关税政 策，使本就低迷的钻石出口业务雪上加霜，部分钻石加工厂正在减少原钻采购、降低库存、减少工时来保证 现金流，甚至大幅降价以维持运营。 与此同时，很多工厂还计划将加工业务转移至其他被美国征收较低税率的国家。印度出口组织联合会26日表 示，更高的关税将使约55%的输美产品面临"价格劣势"，从而降低其在美国市场的竞争力，其中皮革、化 工、手工艺品等劳动密集型行业订单取消尤为严重，预计造成大量工人失业，该组织呼吁政府针对出口商提 供资金支持。 转载请注明央视财经 编辑：王昕宇 位于印度北方邦的坎普尔是该国有名的皮革加工中心，聚集着大量制作皮包、皮鞋的工厂。在美国宣布对印 度加征关税后，不少美国客户已经发邮件告知出口商取消订单，导致当地多家完全依赖美国市场的工厂停 工，不少还在运转的工厂也在逐步将产品转向本地销售或出口至其他国家。 同样受到冲击的还有印度的钻 ...

Core Viewpoint - The 15th Xinjiang Kashgar Central Asia and South Asia Commodity Fair highlights the strong momentum of foreign trade growth in Kashgar, which serves as a frontier for China's westward opening [1][14]. Group 1: Event Overview - The fair opened on August 15 at the Kashgar International Exhibition Center, showcasing various products from Central Asia and South Asia [1]. - Exhibitors included companies from Tajikistan and Kazakhstan, featuring unique clothing, honey, and cultural products [4]. Group 2: Product Highlights - Carbon Source Material (Xinjiang) Technology Co., Ltd. showcased diamond jewelry produced using international leading MPCVD technology, with production established in Shache County, Kashgar [6]. - Xinjiang Fusha Biotechnology Co., Ltd. presented almond essential oil, with a 9,000 square meter R&D production base under construction, focusing on the deep processing of almond plant products for beauty and health industries [8]. - General Water Purification, a foreign company, aims to expand its market in Central and South Asia by showcasing water purification products at the fair, with plans to establish a production line in Shache County [10]. Group 3: Economic Impact and Collaboration - The Shanghai industry aid to Xinjiang and consumption assistance model combines Kashgar's products with Shanghai's market and R&D capabilities, enhancing local industries [12]. - The fair featured a diverse range of exhibitors, including state-owned enterprises and foreign companies, reflecting a collaborative effort in industrial aid to Xinjiang [13]. - The total import and export value of Kashgar reached 99.44 billion yuan in 2024, marking an 18.8% year-on-year increase, accounting for 22.9% of Xinjiang's total foreign trade [14].

Group 1 - The stock price of Lao Feng Xiang is reported at 47.35 yuan as of August 5, 2025, with an increase of 0.20 yuan from the previous trading day [1] - The trading volume for the day reached 13,915 lots, with a transaction amount of 0.66 billion yuan, and the total market capitalization stands at 24.77 billion yuan [1] - Lao Feng Xiang specializes in the design, production, and sales of jewelry, including gold, platinum, and diamonds, and has a century-old national brand presence [1] Group 2 - Industry data indicates that gold jewelry consumption in China decreased by 28% year-on-year in the first half of the year, with high gold prices suppressing consumer demand [1] - In response to market changes, Lao Feng Xiang is accelerating its transformation through product innovation and channel optimization [1] - The company plans to focus on the growth of national trend new products, enhance original design, and adjust store layouts to increase the proportion of mall stores [1] Group 3 - On August 5, 2025, the net inflow of main funds into Lao Feng Xiang was 6.22 million yuan, accounting for 0.04% of the circulating market value [1] - Over the past five days, the net outflow of main funds was 15.12 million yuan, representing 0.1% of the circulating market value [1]

Group 1: Core Competencies - The company's core competitive advantage lies in its differentiated brand philosophy centered around the concept of "true love" [2][3] - The ability to translate emotional concepts like "love" into internet language enhances the company's brand resonance [3] - The company employs a customized light-asset business model and has mature experience in DTC (Direct-to-Consumer) management, positioning it well for international expansion [3] Group 2: Market Potential and Strategy - The company aims to establish the DR brand as a global brand, with plans to expand its presence in various countries and regions [3] - The strategy involves two key steps: defining brand positioning in the gold jewelry category and leveraging internet communication capabilities [3][4] - The Chinese wedding market, with a population base ten times that of Japan, presents significant growth potential despite concerns about declining marriage rates [5] Group 3: Operational Improvements - Post-upgrade adjustments in store channels have led to a noticeable upward trend in the company's main business [5][6] - The company has made substantial improvements in internal operations, enhancing store management and customer experience [6] - Increased focus on social responsibility and customer satisfaction is evident, with initiatives like supporting proposal ceremonies during key events [6] Group 4: Sales Performance and Future Focus - The company's sales performance in Q1 2025 aligns with expectations, showing a gradual improvement despite short-term impacts from U.S. tariff policies [7] - The company plans to separate brand building from retail operations, increasing investment in brand development while navigating tax-related challenges in the U.S. market [7] - Domestic market performance is stabilizing, with promotional activities enhancing brand recognition and customer engagement [8] Group 5: E-commerce Insights - The average transaction value in the company's official online store has slightly increased due to higher contributions from overseas sales [9][10] - However, the overall online gross margin has declined by 3.62% year-on-year, primarily due to a shift in product sales mix towards lower-margin gold products [10]