Wednesday, April 30, 2025

Shein 和 TEMU 在美国因关税起价



快时尚巨头希音集团(Shein)在美国即将对小包裹加征关税前,全面上调了从连衣裙到厨房用品等商品的美区售价,这成为贸易战可能影响美国消费者的早期信号。

数据显示,其美容健康类目销量前100的商品均价自周四起上涨51%,部分单品价格翻倍;家居厨房和玩具类商品平均涨幅超30%,其中10件套厨房毛巾组合价格飙升377%;女装类目价格则普遍上调8%。

由于美国政府决定取消对中国大陆及香港地区小包裹的关税豁免,希音和Temu等电商平台的大量商品将面临120%的关税。

过去数年,出口商一直利用"800美元以下小额商品免税"政策进行跨境贸易。

华盛顿还将自5月2日起将单件邮包处理费提高至100美元,6月1日后进一步上调。

尽管特朗普4月21日仍在社交媒体宣称"能源和食品价格下跌意味着通胀不存在",但希音的调价举措显示中国跨境电商正试图将部分新增进口成本转嫁给美国消费者。

今年2月,为规避特朗普关税政策,希音曾通过补贴鼓励中国供应商在越南建立产能。

由于美国消费者在关税生效前集中囤货,Temu和希音3月至4月初销售额出现反弹。两家企业本月早些时候均已宣布将在美国市场提价。

Tuesday, April 29, 2025

Discover Vietnam’s Russian Market: A One-Stop Shop for All Your Winter Needs!

Russian Market  

If you’re traveling to Vietnam and need budget-friendly winter clothing, the Russian Market in Ho Chi Minh City is a must-visit shopping destination. 

Unlike traditional Vietnamese markets, this two-story indoor market specializes in cold weather gear, making it a top choice for tourists preparing for winter trips.

Located in District 1, this market is famous for selling branded winter coats, thermal wear, gloves, hats, and even travel luggage, all under one roof. But is it worth visiting? 

Let’s explore everything you need to know before shopping here.

Mall-Like Shopping Experience

Unlike most Vietnamese markets, the Russian Market is fully air-conditioned and resembles a small department store rather than a typical street market. 

The building is a bit old, but it’s clean, organized, and much more comfortable for shoppers.

Specializes in Winter Clothing (80% of Products)

While most Vietnamese markets sell local goods, this market focuses on winter wear—perfect for travelers heading to cold destinations like Russia, Europe, or Korea. 

You’ll find:

  • Winter hats and ear muffs
  • Winter coats 
  • Thermal innerwear
  • Winter gloves, hats, and scarves
  • Winter boots & thick socks

The building looks a bit old but other than that, it is not too different from departmental stores other than they focus on selling winter clothings. 

Winter Hats & Ear Muffs

In Russian Market , you’ll discover an impressive selection of winter hats that cater to both fashion and function. 

These budget-friendly cold-weather accessories are particularly popular among:

  • Travelers preparing for winter trips abroad
  • Expats needing affordable seasonal gears

The market offers diverse hat options including: 

  • Classic beanies (stretchy, snug-fit designs)
  • Trapper hats (with fold-down ear flaps)
  • Faux fur-lined hoods (attached to some jackets) 
  • Russian-style ushanka hats (authentic-looking designs)                                 

Materials & Quality

  • Acrylic wool blends (soft but not pure wool)
  • Fleece linings (for added warmth)
  • Occasional faux fur trim (on premium styles)

Note: While warm, these aren’t technical-grade Arctic gear    

Pricing

– Faux fur styles: 300,000-800,000 VND

– Basic beanies: 80,000-150,000 VND 

– Trapper/ushanka hats: 200,000-500,000 VND 

Winter Coats (Long & Short Lengths)

They actually sell quite a variety of brands and designs. 

Most of the coats you see here are actually branded, but whether it is authentic or not, you have to decide yourself. 

A must-buy if you’re traveling to cold climates. Long coats (knee-length) are ideal for extreme cold.

The market boasts an overwhelming selection of coat styles:

  • Puffer jackets (from waist-length to full parkas)
  • Wool blend coats (trench and peacoat styles)
  • Ski jackets (colorful, sporty designs)
  • Faux fur-trimmed parkas (Russian-inspired designs)

You’ll find brands like :

  • Canada Goose
  • Moncler
  • The North Face
  • Columbia
  • Zara and H&M styles

Whether they are authentic, you have to feel it for yourself.

Most coats feature:

  • Polyester/nylon shells (water-resistant but not waterproof)
  • Down or synthetic fill (varies in warmth rating)
  • Faux fur trim (on premium styles)
  • Functional zippers and pockets

Note: These are mid-tier coats suitable for urban winter conditions (0°C to -10°C), not extreme Arctic expeditions

Pricing

  • Basic unbranded puffer jackets: 500,000-1,500,000 VND 
  • Mid-range “branded” styles: 2,000,000-4,000,000 VND 
  • Premium-looking parkas: 4,000,000-7,000,000 VND 


Some of the winter coats such as Moncler were quoted 4.2 million Vietnam dong and the price varies from stalls to stalls.

The price differences can hit up to a few hundred thousand Vietnam dong. 

All these are taken from different shops in the mall itself, so some items are actually sold in different stalls. 

They even sell the inner wear for your winter coats. There are just so many different variety of coats everywhere. 

Winter Gloves

Theres a surprisingly diverse selection of winter gloves. Whether you need basic fleece gloves or something more insulated, this market offers functional (if not high-tech) options at unbeatable prices.

Types of Gloves Available

  • Fleece-Lined Gloves – Soft, stretchy, and warm enough for mild winters.
  • Touchscreen-Compatible Gloves – Thin conductive fingertips for phone use.
  • Knitted Wool Gloves – Stylish but less windproof.
  • Padded Ski Gloves – Bulkier, with faux insulation for moderate cold.

As expected, they sell all kinds of winter gloves as well. However, whether they really work in cold climate or not, I am not sure as I haven’t tried them first hand. 

Most gloves are made from:


– Acrylic or polyester fleece (soft but not moisture-wicking)
– Synthetic leather palms (for better grip)
– Thin thermal lining (some with extra padding)

Looking at the superficial design, some of them looks cute. But I think, it is still better to touch and feel them to decide if they are really of good quality. 

If you ask me, I find the quality decent and much of it also depends on what temperature you are expecting to go. 

Winter Shoes 

Russian Market offers a modest but practical selection of cold-weather footwear. These shoes cater primarily to:

  • Travelers preparing for winter trips abroad
  • Locals visiting colder climates
  • Budget-conscious shoppers needing temporary solutions

Available Styles

  1. Faux Fur-Lined Boots
  2. Fashion Winter Boots
  3. Snow Traction Shoes
  4. Insulated Sneakers

They do sell many kinds of shoes, but shoes that are suitable for cold places are rather limited from what I explored.

Materials:

  • Mostly synthetic leather uppers
  • Thin foam or felt insulation
  • Basic rubber soles (not Vibram quality)

Most of the shoes that I see are just regular shoes, the winter shoes here do not have as much variety as those winter coats.

Pricing

  • Basic lined boots: 400,000-800,000 VND
  • Branded-style boots: 900,000-1,500,000 VND 
  • Winter sneakers: 300,000-600,000 VND 

Socks 

At Ho Chi Minh City’s Russian Market, the socks are surprisingly thick and cozy, designed to keep your feet warm in chilly climates though their true performance in extreme cold remains untested.

  • Materials: Mostly acrylic blends or fleece-lined fabric
  • Thickness: Extra plush much heavier than regular cotton socks
  • Designs: Basic solid colors, some with striped or Nordic patterns
  • Price: Around 50,000–150,000 VND 

Regular long sleeve clothes 

At Ho Chi Minh City’s Russian Market, amidst the winter coats and accessories, you’ll find a surprisingly good selection of long sleeve shirts that serve as essential base layers for cold weather.

Material Options

  1. Thermal Cotton Blends
  2. Fleece-Lined Shirts
  3. Synthetic Performance Fabrics
  4. Wool-Mix Knits

Style Variations

  • Basic crew necks
  • Turtlenecks
  • Flannel-style shirts
  • Compression-fit thermal tops

Luggage and hiking bags 

While Vietnam’s Russian Market is best known for winter clothing, it also offers a surprising variety of hiking backpacks and travel luggage, perfect for travelers needing durable, budget-friendly gear. 

Whether you’re backpacking through Southeast Asia or just need a replacement suitcase, this market has options worth considering.

Hiking & Backpacking Bags

  • Daypacks (20L–30L) – Simple designs, decent padding.
  • Trekking Backpacks (40L–70L) – Some with hip straps and rain covers.

Travel Luggage

  • Rolling Suitcases (Hard & soft shells) – Basic durability.
  • Duffle Bags – Foldable, lightweight options.
  • Carry-On Bags – Compact wheeled luggage.

Specialty Bags

  • Camera Backpacks – Padded compartments.
  • School/Office Bags – Simple laptop backpack

Leather products

Tucked between winter jackets and travel gear, Vietnam’s Russian Market hides a surprising selection of leather bags, wallets, and belts all at prices far below Western retail. 

While quality varies, savvy shoppers can score stylish leather accessories for a fraction of the cost.

Leather Bags

Types Available:

  • Crossbody Bags – Compact, everyday use (200,000–500,000 VND)
  • Tote Bags – Structured or slouchy styles (400,000–800,000 VND)
  • Backpacks – Minimalist leather or hybrid designs (600,000–1,200,000 VND)

These are items that you will see in regular department stores rather than a store like this that sells winter and travel related items. 

Types of Wallets Available

  • Bifold & Trifold Wallets – Classic styles (200,000–500,000 VND)
  • Cardholders & Minimalist Wallets – (150,000–400,000 VND)
  • Travel Wallets – Passport slots & coin compartments (300,000–700,000 VND)

Types of Belts Available

  • Classic Leather Belts (150,000–400,000 VND) 
  • Reversible Belts (200,000–500,000 VND)
  • Western-Style Buckle Belts (250,000–600,000 VND)

Should you travel to Russian Market in Vietnam Ho Chi Minh

If you want to buy a variety of products for winter or cold countries, you can take a look here as they sell everything you need from head to toe including luggage bags. 

This is basically a one stop solution for your travelling. Whether the items they sell are authentic or not, I am not sure. You can check out with them. 

But if you are not looking for any winter or travel related items, then this place has little value to offer for your visit to Vietnam. 

2024年全球军费开支创纪录激增至2.7万亿美元


                               

斯德哥尔摩国际和平研究所4月28日发布的报告显示,2024年全球军费开支达到2.72万亿美元,较2023年增长9.4%,创下至少自冷战结束以来最大年度增幅。

随着地缘政治紧张局势升级,所有地区的军费均出现增长,其中欧洲和中东地区增速尤为显著。

该研究所指出,2024年全球有超过100个国家增加了国防预算。

当各国政府将军事安全置于其他预算领域之上时,这种经济与社会资源的权衡可能对未来数年产生深远影响。

受乌克兰战争及美国对北约承诺不确定性影响,欧洲(含俄罗斯)军费激增17%,突破冷战结束时水平。

俄罗斯2024年军费预估达1490亿美元,同比猛增38%,较2015年翻倍,占其GDP的7.1%和政府总支出的19%。

乌克兰军费增长2.9%至647亿美元,相当于俄罗斯的43%,但其军费负担占GDP比重高达34%,位居全球之首。

目前乌克兰将所有税收收入用于军事开支。

美国军费增长5.7%至9970亿美元,占北约总额的66%,占全球军费总支出的37%。



中国放弃和美国购买大豆和液化石油气

 


航运数据显示,中国已停止从美国进口液化天然气。随着中美贸易战推高这种大宗商品进入全球第二大经济体的成本,中国买家正将采购转向其他地区。

北京在贸易战中针对美国进口商品加征的报复性关税已正式生效, 其中液化天然气被课以15%关税,导致中国买家从美国进口这种超低温燃料的成本过高。


中国还从澳大利亚、卡塔尔和马来西亚进口液化天然气。美国作为全球最大供应国,2024年占中国液化天然气进口总量的5.5%,但今年迄今这一比例已降至1.3%。

这并非中国首次中断进口美国液化天然气。在上届特朗普政府任内的贸易战期间,此类贸易曾基本停滞, 2019年北京实施反制关税后,美国液化天然气仅占中国进口总量的0.4%。


中石化、中石油等中国企业与美国液化天然气生产商签署的长期采购合同,对启动大规模出口项目起到关键作用。

由于这类项目往往耗资数十亿美元,稳定的采购协议实质上为项目投产提供了融资保障。

但随着中国买家转向其他供应方,未来美国项目将无法获得任何新的长期合约。
部分中国买家正将采购自美国的液化天然气转口至欧洲。

由于俄罗斯经乌克兰输气协议于1月1日终止,欧洲气价持续攀升。对中国进口商而言,将美国液化天然气销往欧洲比运回亚洲获利更丰。


4月预计有约40艘巴西大豆货轮停靠中国舟山港,同比增加48%。近年来中国持续降低对美国大豆的依赖,转而加大从巴西采购。

今年3月,中国对进口美国大豆加征10%关税,以反制特朗普政府对华商品加税措施。

此后北京宣布对所有美国进口商品追加125%关税,进一步推动中国转向巴西等替代供应国。分析师预计这将使中国二季度大豆进口总量创历史新高。


美国农业部数据显示,在截至4月17日的一周内,中国仅从美国采购1800吨大豆,而此前一周的采购量为7.28万吨。

Friday, April 25, 2025

中国启动特别国债发行以应对关税威胁对经济的冲击


中国计划于6月4日前发行总额5000亿元特别国债。

中国于4月24日启动本年度首批特别国债发行,这是当局为缓解中美贸易摩擦升级带来的冲击所推出的经济刺激措施之一。


财政部当日分三期发行规模达2860亿元的特别国债,所筹资金将用于落实3月批准的财政计划。与普通国债不同,特别国债专款专用且不计入今年3%的财政赤字率目标。


此次发债正值美国政府对中国商品加征145%关税之际,北京正加大财政支出力度以捍卫经济增长,但高关税可能使2025年5%的增长目标难以实现。


政府正加速财政政策支持以对冲关税冲击,预计未来两个月将迎来供给高峰,央行将保持流动性稳定。"


首批发行包括1650亿元五年期特别国债,用于向国有银行注资——当前经济低迷导致银行利润承压。


据参与国债竞标的交易员透露,中国计划在6月4日前累计发行5000亿元此类债券,平均收益率1.45%。同日还发行了500亿元20年期和710亿元30年期特别国债。


剩余20年、30年及50年期品种将于10月前陆续发行。今年超长期特别国债发行总额度超过去年的1万亿元,所筹资金将用于刺激消费品更新换代、重大基建项目投资及企业设备升级。


尽管债券供给压力临近,市场并未显现紧张情绪。部分机构预期央行今年可能降息或降准以支撑经济,10年期国债收益率仅较2月创下的历史低点高出5个基点。


24日银行间隔夜回购利率维持在1.6%附近,为1月以来最低水平,显示市场流动性充裕足以消化新增债务供给。中国人民银行表示将保持流动性合理充裕。