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Editor's note: Since 2024, new quality productivity has become the core issue of China's economy, with digital economy and technological innovation being the main driving forces, and all industries are looking for a path to high-quality development.

In response to industry changes, the Boao Real Estate Forum will be upgraded and expanded to "Boao Week" covering the entire industry chain, and will newly plan and launch the "2024 Boao Visit" series of reports - "Boao New Power".

Through research and communication, in-depth interviews and dialogues with representative companies in the entire industry chain, we will explore new forces in the new cycle. We hope that these forces will become a rolling torrent and drive the new development of the industry chain and the economy.

As the "Business Section", we interpret the companies and representative figures in the commercial real estate, retail and consumer fields through interviews, surveys and research, and tell them what they think, what they think and what they gain during the historical development opportunities of the new industry.

Guandian.com People's pursuit of beauty is endless, and the weak economic environment has not dampened this enthusiasm, but has only complicated it.

Saying goodbye to the era of rapid development and huge profits from opening stores and expanding, a number of beauty and personal care brands have entered the deep waters of industry adjustments. After the epidemic prevention and control was relaxed, the unexpected rebound in the short term affected the judgment of many companies and also laid the groundwork for a larger-scale retreat after mid-2023.