相比之下，受房地产行业深度调整影响，公司房地产项目结转收入和毛利较上年同期下降，继续对公司 业绩形成拖累。公司表示，正持续加大存量房地产销售力度，通过数字化营销升级与渠道整合，加速去 化，全力履行"五年房地产业务有序退出"承诺。 公司表示，将持续把握粤港澳大湾区政策机遇，通过业态创新与资源整合，稳步推动消费产业生态升 级。 中证报中证网讯(王珞)8月25日晚，珠免集团（600185）发布2025年半年度报告。报告期内，公司实现 营业收入17.40亿元，归属于上市公司股东的净利润-2.74亿元，同比减亏2.80亿元。亏损幅度显著收 窄，免税业务成为关键支撑，公司"免税+商管+商贸"转型战略持续推进。 上半年，珠免集团在免税业务上积极推陈出新。通过引入香槟、白兰地等新品，拓展跨境电商与完税贸 易渠道，提升香化、食品销售占比。同时，公司调整免税店经营布局，实施差异化品类策略，提升坪 效。深化与保乐力加、轩尼诗等国际品牌的合作，满足消费者需求。通过整合免税资源赋能线上及消费 品贸易，构建大供应链体系。公司还致力于挖掘国内优质品牌，推动国货走向国际市场。政策环境也为 免税业务提供利好。珠海赴澳门旅游"一签多行"实施后， ...

Core Points - The EU and the US reached a trade agreement on July 27, which President Trump called "the largest trade agreement in history," while EU Commission President von der Leyen emphasized its importance for businesses on both sides of the Atlantic [1] - The agreement has faced increasing criticism from European leaders, particularly regarding its perceived imbalance, with German Chancellor Merz stating it would cause "significant damage" to the Eurozone's largest economy [1][2] - The agreement includes a 15% tariff on EU products entering the US, which is lower than the threatened 30% but still higher than the EU's initial goal of zero tariffs [2][3] Trade Agreement Details - The US will impose a 15% tariff on EU imports, while the EU commits to increasing investments in the US by $600 billion and purchasing $750 billion worth of US energy products [1][5] - The agreement is seen as asymmetric, favoring US interests and potentially harming EU industries, particularly the automotive sector, which may face significant long-term costs [2][5][7] Reactions from European Leaders - French Prime Minister Borne expressed disappointment, calling it a "dark day" for the EU, and emphasized the need for Europe to reassess its strength in global trade [2][3] - Other European leaders, including the Irish and Spanish Prime Ministers, also voiced concerns about the agreement's implications for transatlantic trade and the need for Europe to strengthen its trade relations with other countries [3][5] Economic Implications - The agreement could lead to increased costs for European exports, particularly in sectors like cosmetics and wine, with potential job losses in France estimated at 5,000 due to the new tariffs [5][6] - The US may also face economic repercussions, with potential job losses exceeding 17,000 in the wine and spirits sector due to the 15% tariff on European imports [6][7] Future Considerations - The effectiveness of the EU's "submission strategy" in negotiations with the US remains uncertain, with concerns about the stability and enforceability of the agreement [7] - The next steps involve the US issuing executive orders to implement the agreement, while the EU will need to draft legal documents, which may take several weeks [6][7]

Core Insights - The report from Brand Finance reveals that Chinese alcoholic beverage brands continue to dominate the global market, with the industry valued at $123.38 billion, reflecting a 5.2% increase from 2024 [1] Beer Segment - Snow Beer is recognized as the most valuable beer brand in China, with a brand value of $4.66 billion, marking an 8.6% year-on-year growth and ranking sixth globally [1] - Tsingtao Beer saw a significant brand value increase of 42.3%, reaching $3.63 billion, and rose three positions to ninth in the global beer brand ranking [2] - Yanjing Beer experienced a 21.5% growth in brand value, reaching $640 million, and improved its ranking by seven places to 38th [2] Spirits Segment - Six Chinese liquor brands made it to the top ten in the global spirits brand value ranking, with Moutai, Wuliangye, Luzhou Laojiao, and Fenjiu maintaining the top four positions [3] Wine Segment - Zhangyu is the only Chinese wine brand listed, with a brand value increase of 16.1% to $820 million, solidifying its position among the top five global wine brands [4] Global Brand Leaders - Corona Extra retained its title as the most valuable beer brand globally, valued at $13.36 billion [5] - Jack Daniel's remains the most valuable whiskey brand with a value of $4.44 billion [5] - Crown Vodka's brand value grew by 33.3% to $2.93 billion, maintaining its leading position in the vodka category [5] Industry Trends - The Chinese alcoholic beverage industry is experiencing four key development trends: accelerated premiumization, deepened internationalization, innovation-driven competition, and cultural empowerment reshaping brand value [5]

Group 1 - The U.S. is facing a deadline on July 9 for the so-called "reciprocal tariffs," with President Trump indicating no plans to extend the negotiation period for trade agreements [1] - The restaurant industry in the U.S. is experiencing direct impacts from high tariffs, leading to increased menu prices for certain drinks and dishes due to rising procurement costs [1][3] - The cost of imported ingredients such as coffee beans, tea leaves, and wine has significantly increased, further compressing profit margins for restaurants [3][5] Group 2 - The director of beverage operations at Clyde Restaurant Group reported a 20-30% increase in the prices of raw materials over the past six months, with champagne suppliers raising prices by 5-10% [5] - To avoid affecting consumer spending, restaurants have been trying to absorb costs, but the ongoing rise in procurement costs has made it increasingly difficult [5][7] - Many restaurants are now forced to pass some of the costs onto customers, with drink prices increasing by $0.50 to $1 per cup [5][7] Group 3 - The high tariffs are squeezing the survival space of small distributors, importers, and local restaurants, threatening employment prospects in the restaurant industry [7][8] - The prolonged duration of tariffs could lead to a decrease in the number of small independent distributors, importers, and restaurants, resulting in more unemployment in a sector that employs a significant number of people in the U.S. [8]

7月1日，特朗普表示，他没有考虑延长各国与美国谈判贸易协议的7月9日截止日期。现在距离美方设定的所谓关税谈判截止日期还剩不到一周时间，在核心 利益诉求上，多方强化自身立场，在对美关税谈判中态度强硬。 美威胁提高关税日本强调维护国家利益 进行多轮磋商后，日本和美国之间的贸易谈判陷入僵局。7月1日，美国总统特朗普再次抱怨日本没有购买足够多的美国汽车和大米等产品，并威胁要提高对 日关税。 美国总统特朗普：我不确定我们是否会和日本达成协议，我对此怀疑，他们很强硬。所以我要做的就是给他们写封信说"感谢你们，我们知道你们不能做我 们所需要的事情，因此，你们将支付30%或35%或者任何我们确定的数字的关税"。 日本首相石破茂2日则回应称，日本将坚定捍卫国家利益。 日本首相石破茂：我们会竭尽全力维护国家利益，许多国家都与美国有贸易往来，但我必须指出的一点是，和其他国家不同，日本是美国最大的海外投资 国，我们为美国创造了大量就业岗位。我们重视的是投资而非关税，我们将继续以此为基础，捍卫国家利益。 美国总统特朗普4月2日宣布开征所谓"对等关税"，引发美国金融市场暴跌。在多方压力下，特朗普又在4月9日宣布暂缓对部分贸易伙伴征收高额 ...

众所周知，凡勃伦（Thorstein Veblen）在《有闲阶级论》一书中描述了"炫耀性消费"。简言之，人们通过奢侈消费、浪费性支出等行为展示财富和地 位。"炫耀性消费"也成为批判现代资本主义和消费主义的一个经典对象。 "真正标志着花钱人地位的，是用身体、空间、金钱具化成女孩的身高、美貌和数量，酒瓶的大小和多少，以及是否拥有卡座。"在《VIP世界》这本书 中，作者阿什利·米尔斯主要基于美国派对和俱乐部的田野研究，为读者呈现了一种有关"女性"和"美貌"的炫耀性消费。"只有坐在卡座，才证明你是有价 值的人。"一个混迹于俱乐部多年的受访者告诉米尔斯。米尔斯本人是近年来颇受关注的青年社会学家，此前曾出版同主题的《美丽的标价》。看似光鲜 靓丽的各种派对、俱乐部，都是一场精心设置的编排，其道具包括香槟、容貌、座位等诸多要素。米尔斯试图为读者描述一张错综复杂的社会网络。 以下内容经出版方授权节选自《VIP世界》一书相关章节。摘编有删减，标题为摘编者所起。注释见原书。 原文作者 | 阿什利·米尔斯 《VIP世界》 作者：[美]阿什利·米尔斯 译者：时川萌 版本：华东师范大学出版社2025年3月 作为人类学观察对象的"夸富宴" ...