回顾整个2025年，美妆市场的底层逻辑已经彻底改写：以前是“水大鱼大”，现在是“水深鱼精”。与其在红海里卷价格，不如拥抱“细分赛道”。毕竟，上述数据已经表明：增长，就藏在那些常被忽略、尚未被挖透的“细分需求”里。
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The advisory body will meet on Wednesday, while China’s legislature, the National People’s Congress (NPC) – which removed nine generals last week – will start its annual session on Thursday. Collectively the concurrent meetings are referred to as Two Sessions, one of the most important events in China’s political calendar when thousands of delegates arrive in Beijing.
‘The worst outcome’: Green triumph creates new peril for Labour
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Ultimately, whether the market’s four-week bet proves accurate will depend on geopolitical developments in the coming days. Struyven is closely watching for signals regarding the conflict’s length, noting that sweeping goals like “regime change” from the U.S. administration could indicate a protracted war, while narrower military goals or the rise of a reformist leader in Iran could offer an off-ramp for a shorter conflict. For now, Wall Street is pricing in a month of turmoil, hoping the physical flow of oil resumes before prices are forced into the triple digits.，更多细节参见51吃瓜