Multiple data outline the vitality curve. China’s economy is stable and far-reaching in "riding the wind and breaking the waves"

CCTV News:On February 5th, News Network reported the development of e-commerce logistics and the supply of bulk commodities in China in January 2024. In 2023, the execution amount of service outsourcing contracts in China achieved double growth, and the main economic indicators of the machinery industry grew steadily. Combined with the latest news released in recent days in finance, transportation and optimization of business environment, groups of data outlined a vivid picture of high-quality development, reflecting the strong pulse and surging vitality of China economy.    

The People’s Bank of China lowered the RRR by 0.5 percentage point and released liquidity of 1 trillion yuan.

On February 5th, the People’s Bank of China lowered the deposit reserve ratio of financial institutions by 0.5 percentage point, which is what we often call "RRR reduction". The deposit reserve ratio means that banks turn over the absorbed deposits to the central bank in a certain proportion to ensure financial security. After the RRR cut, the deposit paid by the bank is less, and the money in hand is more. According to estimates, if the RRR is lowered by 0.5 percentage points, banks will have 1 trillion yuan of low-cost funds in their hands. A number of banks also stated that they should transmit this benefit to the loan as soon as possible.

The RRR cut policy will be implemented before the Spring Festival, which can also better meet the capital needs of banks during the Spring Festival.

CCTV reporter Wang Lei:After the downward adjustment, the weighted average deposit reserve ratio of financial institutions is about 7%. It is worth noting that the previous RRR cuts were basically adjusted by 0.25 percentage points, but this time the downward adjustment reached 0.5 percentage points, which exceeded the general expectations of the market.

Many experts believe that there will be a big gap in liquidity in the banking system before the Spring Festival due to factors such as centralized cash withdrawal by residents and enterprises and long holidays. The central bank’s RRR cut policy was laid out in advance, which can meet the liquidity demand during the Spring Festival and effectively promote the smooth operation of the financial market.

Dong Ximiao, Principal Investigator of Zhaolian:At the beginning of the year, especially before the Spring Festival, banks were guided to increase credit supply by a large margin, which fully reflected the determination of the People’s Bank of China to increase efforts to support the recovery of the real economy and was conducive to boosting the confidence of various business entities. 

This RRR cut has given banks about 1 trillion yuan more long-term funds. Many banks, such as China Agricultural Bank, China Bank and China Construction Bank, indicated that they would use these funds to further increase their support for the real economy and increase credit supply in key areas such as farmers’ loans, rural construction, real estate market, advanced manufacturing industry and private enterprises.

China has achieved remarkable results in optimizing the business environment.

On February 5, the relevant person in charge of the National Development and Reform Commission introduced that China adhered to the problem orientation, accelerated the reform of key areas and key links, and achieved remarkable results in optimizing the business environment.

In improving the level of marketization, the state has issued anti-monopoly supporting regulations and law enforcement guidelines in key areas, and carried out special treatment of outstanding problems in the field of bidding and tendering for engineering construction; Establish mechanisms such as investment and loan linkage pilot cooperation to expand the space for private investment; Introduce preferential tax and fee policies to effectively reduce operating costs such as corporate financing and tax burden.

In improving the level of rule of law, the state has cancelled and adjusted 33 fines and vigorously rectified illegal fees charged by enterprises; Promote the administrative adjudication of major patent infringement disputes and protect the legitimate rights and interests of business entities according to law.

In terms of improving the level of internationalization, China has implemented the strategy of upgrading the free trade pilot zone and piloted the docking of international high-standard economic and trade rules; Hengqin Guangdong-Macao Deep Cooperation Zone will relax market access and further increase efforts to attract foreign investment; Customs optimizes business environment and promotes customs clearance facilitation. 

In terms of improving the level of government services, the state has expanded the application scope of electronic business licenses, launched 109 specific measures of "facilitating taxation", and promoted the "transfer with mortgage" of real estate; The nationwide telegraph installation has achieved zero door-to-door, zero approval and zero investment service coverage, saving power users more than 200 billion yuan in investment.

China will accelerate the construction of a unified national market.

According to the relevant person in charge of the National Development and Reform Commission, China will speed up the construction of a unified national market and create a stable, fair, transparent and predictable business environment.

From the standpoint of legislation, China has comprehensively revised the new version of the negative list of market access, and the basic system of the market has become more unified; Nearly 90% of the national expressway service areas have built reserved charging parking spaces, and the online trading service platform of the national land secondary market has been put into operation, making the market facilities more efficient and connected.

From a broken point of view, in view of improper intervention in the construction of a unified national market, China has established a rectification and typical case interview notification system; Organize all localities to clean up the prescribed practices that hinder the construction of a unified market and fair competition, and promote the special rectification of improper market intervention in the fields of engineering construction and bidding.

The total business volume index of e-commerce logistics reached a new high of nearly two years.

China Federation of Logistics and Purchasing announced on February 5th that in January, the logistics index of e-commerce in China was 112.8 points, 0.4 percentage points higher than that of the previous month.

From the sub-index, the strong demand for e-commerce logistics has led to a significant rebound in the total business volume index. In January, the total business volume index of e-commerce logistics reached 125.3 points, a record high of nearly two years. The business volume index of rural e-commerce logistics stopped falling and rebounded, increasing by 1.3 points over the previous month, and rose to above 129 points again, maintaining a high operation. Local specialty foods have become the mainstream of new year goods, and fresh e-commerce has become one of the main channels for consumers to purchase new year goods with the rapid development of instant retail.

In addition, the personnel index stopped falling and rebounded, and the actual load rate index exceeded 117 points for the first time, hitting a record high, that is, the efficiency of matching goods with trucks was higher, and the adaptability of e-commerce logistics supply system to market demand was significantly enhanced.

In January, the growth rate of commodity supply accelerated and sales increased.

China Federation of Logistics and Purchasing also announced that the commodity index of China in January was 101.1%, up 0.4 percentage points from last month. In terms of sub-items, China’s commodity supply index was 101.4% in January, up 1.1 percentage points from the previous month, and the growth rate of commodity supply accelerated. In January, the sales index of bulk commodities was 100.6%. Among the main commodities, the sales of iron ore, raw coal, non-ferrous metals and chemicals continued to increase.

In 2023, the execution amount of service outsourcing contracts in China will double.

According to the data released by the Ministry of Commerce, in 2023, the contract value of service outsourcing undertaken by Chinese enterprises was 2,866.6 billion yuan, and the execution amount was 1,959.1 billion yuan, up by 17.6% and 18.6% respectively. Among them, offshore service outsourcing services such as new energy technology research and development services, inspection and testing services, and vehicle maintenance services have grown rapidly.

The main economic indicators of China’s machinery industry have grown steadily.

According to the latest data released by China Machinery Industry Federation on February 5, the added value of machinery industry increased by 8.7% year-on-year in 2023, which was 4.1 percentage points higher than the national industrial growth rate. By the end of 2023, the number of enterprises above designated size in the machinery industry had reached 121,000, an increase of 10,000 over the previous year.

In January, the freight transported by trains in the western land and sea new passage increased by 39% year-on-year

In January this year, 80,000 TEUs were transported by rail-sea combined transport in the new land-sea corridor in the west, up 39% year-on-year, and the number of transported goods increased from more than 50 in the past to more than 980 now. At present, the new land-sea passage in the west has been expanded from the initial cooperation between Chongqing and Guangxi provinces to the cooperation of 18 provinces (autonomous regions and municipalities) in China, and the transportation network covers 473 ports in 120 countries and regions around the world.

The the State Council Security Committee deployed a three-year campaign to tackle the root cause of production safety.

The the State Council Safety Committee recently deployed various regions, relevant departments and units to carry out a three-year campaign to tackle the root causes of production safety, and to carry out "eight major actions" such as safety education and training for the main persons in charge of production and business units and dynamic clearing of hidden dangers of major accidents, so as to promote the stable situation of production safety throughout the country and effectively curb the frequent occurrence of serious production safety accidents.

Ministry of Industry and Information Technology: By November 2023, there were 178 national high-tech zones.

  People’s Daily Online, Beijing, December 12 (Reporter Shendyapin) On December 12, at the press conference held by the Ministry of Industry and Information Technology on "Giving full play to the role of national high-tech zones to accelerate new industrialization", Wu Jiaxi, deputy director of the Planning Department of the Ministry of Industry and Information Technology, introduced that by November 2023, the total number of national high-tech industrial development zones (hereinafter referred to as "national high-tech zones") had reached 178, and 23 countries had built their own independence based on 66 national high-tech zones.

  According to the deployment requirements of the Party and State Institutional Reform Plan, the function of the Ministry of Science and Technology to guide the construction of national high-tech zones and self-created zones has been transferred to the Ministry of Industry and Information Technology. The National New Industrialization Promotion Conference held in September this year put forward clear requirements for giving full play to the important carrier and engine role of high-tech zones and other parks.

  Wu Jiaxi introduced that since its establishment 35 years ago, the National High-tech Zone has adhered to the initial mission of "developing high technology and realizing industrialization", done well the two articles of "high" and "new", embarked on a road of high-tech industrialization with China characteristics, and has become an important innovation source, an experimental field for institutional mechanism reform, an important carrier for high-growth enterprises and high-end industrial agglomeration in China, making important contributions to China’s high-quality development.

  He pointed out that in recent years, national high-tech zones have continuously deepened reform and exploration, promoted the docking of scientific and technological innovation and industrial innovation, and rapidly improved their comprehensive strength, laying a solid foundation for promoting new industrialization at a high level in the new era.

  First, give play to the leading role of high-quality development and become an important engine for stable economic growth. In 2022, the GDP of national high-tech zones reached 17.3 trillion yuan, creating 14.3% of the national GDP and contributing 13.6% of the national tax revenue. From January to September 2023, the gross domestic product (GDP) of the park reached 12.33 trillion yuan, a nominal increase of 7.11% year-on-year.

  The second is to cultivate and expand high-tech industrial clusters, which has become an important cornerstone to ensure the safety of the industrial chain supply chain. The scale of Zhongguancun’s next-generation information technology, Wuhan Donghu optoelectronics and Zhangjiang integrated circuit industry accounted for 17%, 50% and 35% of the country respectively. Supported the construction of 38 national advanced manufacturing clusters, gathering 1/3 of high-tech enterprises and 2/3 of listed enterprises in science and technology innovation board.

  The third is to strengthen the source of innovation and the breakthrough of key core technologies, which has become a strong support for high-level science and technology to stand on its own feet. From the base platform, the National High-tech Zone has gathered nearly 80% national key laboratories, 70% national manufacturing innovation centers and 78% national technological innovation centers. From the perspective of R&D investment, the R&D investment of enterprises in national high-tech zones exceeds one trillion yuan, accounting for nearly half of the national R&D investment. From the output of achievements, the invention patents owned by enterprises in national high-tech zones account for nearly half of the country; A number of leading original achievements such as intelligent robots and satellite navigation have accelerated industrialization in high-tech zones, and the first artificial intelligence chip and the first quantum communication satellite were born in high-tech zones.

  The fourth is to enhance the role of radiation and become the main position to implement the major national and regional strategies. Beijing-Tianjin-Hebei, Yangtze River Delta and Guangdong-Hong Kong-Macao Greater Bay Area have gathered a quarter of the national high-tech zones. The coverage rate of national high-tech zones in prefecture-level cities in the eastern region has reached 71%, and the coverage rate of prefecture-level cities in the central region has reached 59%.

  Wu Jiaxi said that in the next step, the Ministry of Industry and Information Technology will implement the deployment of the National New Industrialization Promotion Conference, adhere to inheritance, consolidation and innovative development, always adhere to the initial mission of "developing high technology and realizing industrialization", further focus on the national strategic needs, promote the deep integration of scientific and technological innovation and industrial innovation, cultivate new industries with new technologies, lead industrial upgrading, foster new kinetic energy for development, accelerate the formation of new quality productivity, and contribute more "high-tech" forces to promoting Chinese modernization.

Ministry of Finance: Agree to stop selling 41 instant welfare lottery games such as "Liuliushun".

  CCTV News:According to the website of the Ministry of Finance, the approval opinions of the Ministry of Finance on stopping the sale of 41 instant welfare lottery games such as "Liuliushun" were released.

  China welfare lottery issuance management centerThe Request for Instructions on Stopping the Sale of 41 Instant Welfare Lottery Games, such as "Liuliushun" (Zhongcai Fa Zi [2023] No.111) has been received. According to the Regulations on Lottery Management (Order No.554 of the State Council), the Detailed Rules for the Implementation of the Regulations on Lottery Management (Order No.96 of the General Administration of Sports of the Ministry of Finance and the Ministry of Civil Affairs) and the Measures for the Administration of Lottery Issuance and Sales (Caizong [2018] No.67), relevant matters are hereby notified as follows:

  1. In order to further optimize the game structure of welfare lottery and promote the healthy development of the lottery market, it is agreed thatChina welfare lottery issuance management centerStop selling 41 instant welfare lottery games such as "Liu Liu Shun" (see annex). Your center shall make an announcement to the public within 2 months from the date of approval, including the name and document number of the approval document of the Ministry of Finance, the date of stopping sales, the deadline for awarding prizes, etc. Stop selling the above 41 lottery games after 60 natural days from the date of announcement.

  Two, the above 41 lottery games to stop selling, in the redemption period, should be paid in accordance with the provisions of the bonus. After the redemption period is over,China welfare lottery issuance management centerWe should do a good job in lottery fund settlement with lottery sales organizations. Overdue prize money is included in the lottery public welfare fund, the bonus balance is transferred to the general adjustment fund, and the excess prize money is charged according to the regulations. After the end of the redemption period, your center and the lottery sales organization shall submit a written report to the financial department at the same level within 60 natural days, including lottery issuance and sales, lottery bonus extraction, redemption and balance transfer.

  Third,China welfare lottery issuance management centerShould be strictly in accordance with the provisions of the current lottery management system, urge lottery sales agencies to strengthen sales safety management and risk control, and earnestly do a good job in announcement, redemption, settlement and other related work. It is necessary to rationally plan the game structure of instant lottery tickets, and coordinate the work links such as game approval, budgeting, printing logistics, listing and sales, and stopping sales, so as to effectively save costs and improve efficiency and ensure the sustained and healthy development of instant lottery tickets.

Maoming CDC experts answer hot issues of AIDS prevention and control →

What disease is AIDS?

What behaviors are at risk of contracting AIDS?

Can high-risk behaviors be remedied?

How to prevent AIDS transmission …

Deng Xinyan, head of the AIDS Prevention and Control Department of Maoming CDC, took the opportunity of the series of publicity activities of World AIDS Day in 2023 to answer questions on the hot issues of AIDS prevention and control that the public is more concerned about.

Three ways of transmission should be known.

Don’t be afraid of daily contact.

Deng Xinyan introduced that AIDS is a systemic disease caused by human immunodeficiency virus (HIV) infection, which will lead to progressive immune dysfunction. At present, there are three ways of transmission of AIDS, namely blood transmission, sexual transmission and mother-to-child transmission.

The main route of transmission is sexual transmission. If you have unprotected sex with people who don’t know the HIV infection status, you may get infected, especially unprotected homosexual sex between men, and the risk of infection will be higher. Blood transmission is the most direct route of infection, and it is very dangerous to import blood contaminated by virus, use intravenous drugs contaminated by blood without strict disinfection and share syringes. In addition, pregnant women infected with HIV may also spread to the fetus if they do not accept standardized mother-to-child blocking.

Generally speaking, the high-risk behaviors of HIV infection in life include unsafe sex, sharing needles, importing blood or blood products without anti-HIV antibody detection, and occupational exposure history. In addition, daily contact, respiratory droplets and water will not cause the spread of HIV, such as sharing school supplies, eating together, sharing toilets, shaking hands, hugging, etc., AIDS patients or infected people cough or sneeze, and generally will not spread AIDS; Mosquito bites will not spread AIDS in summer. You don’t have to be overly "afraid of AIDS", and you should correctly understand AIDS with a scientific and rational attitude.

After high-risk behavior

Knowing "self-help" is very important.

Deng Xinyan suggested that in life, once a high-risk behavior that may be infected with AIDS occurs, you should immediately go to the local disease prevention and control institutions, medical institutions and testing points for testing and consultation together with those who have high-risk behaviors. Individuals can also buy self-testing reagents for testing. If the test is positive, they should go to medical institutions and CDC in time for further confirmatory testing. Testing is the only way to know whether you are infected with AIDS.

It should be noted that it generally takes 2 to 12 weeks for a human body to produce a sufficient number of antibodies after being infected with HIV before it can be detected by clinical test methods. The period from HIV infection to the detection of HIV antibodies in blood is called "window period". The "window period" is usually half a month to three months, and a few people can reach six months. If the HIV antibody is tested in the "window period", even if there is HIV in the blood and it can spread to others, the test result is still negative. Therefore, during the "window period", what we can do is to calm our minds and stop high-risk behaviors.

"Some people get scared after having high-risk sex. But please don’t be too flustered first. After the exposure of AIDS, it can be prevented and remedied. " Deng Xinyan said that at present, taking post-exposure drug prevention has become one of the important means of AIDS prevention. Post-exposure drug prevention refers to people who have not been infected with HIV. Under the guidance of a doctor, they should use blocking drugs as soon as possible within 1 to 2 hours (or earlier) after exposure, and take them for 28 days at the latest within 72 hours after exposure, which can effectively reduce the risk of HIV infection, and the drug use effect is the best within 2 hours. At present, Maoming Chronic Disease Prevention Center and Dianbai District People’s Hospital can provide post-exposure preventive services.

Do a good job of self-protection

Is the most effective means of prevention

At present, according to Maoming’s AIDS surveillance data, the overall AIDS epidemic in our city remains at a low epidemic level, and the mode of transmission is mainly sexual transmission, which increases the risk of general population involvement. Among the newly reported cases this year, sexual transmission accounted for 95.5%, of which heterosexual transmission accounted for 89.7% and homosexual transmission accounted for 5.8%; The majority of cases are in the senior age group, and the proportion of newly reported cases in the age group over 50 years is basically between 57% and 72% in recent five years. The case was found late and the death rate was high.

"The people who need to focus on prevention and control in our city are concentrated in the elderly and adolescents, mainly due to poor awareness of self-protection, resulting in a high proportion of infections. At the same time, most infected people were diagnosed after entering the AIDS period and missed the best treatment opportunity. " Deng Xinyan said that the difficulty of AIDS prevention and treatment lies in the difficulty of incurability and control. At present, no drugs have been developed to cure AIDS, and there is no effective vaccine to prevent AIDS. Under the current medical level, patients or infected people must take drugs for life. Therefore, it is particularly important to master the knowledge of AIDS prevention.

At present, our city actively promotes the publicity and education work of AIDS prevention and control "into the community, into the enterprise, into the hospital, into the campus and into the family". From January to November this year, Maoming CDC went into 17 towns (streets) in various districts (county-level cities) and went to many enterprises, universities and vocational schools to carry out AIDS publicity and education activities. Up to now, more than 80 AIDS "Five Enters" publicity activities have been carried out, covering more than 50,000 people.

In December, taking the 2023 "World AIDS Day" series of publicity activities as an opportunity, Maoming CDC successively carried out publicity activities to eliminate AIDS free clinics, "promoting buses to enter the campus and the community", intervention activities for men who have sex with men, "World AIDS Day" and related knowledge publicity. Through the development and promotion of activities, the public’s awareness of AIDS prevention and control has been significantly improved, and good results have been achieved, which has played a positive role in the in-depth development of AIDS prevention and control work in our city.

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Original title: "Maoming CDC experts answer hot issues of AIDS prevention and control →"

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Liqun shares: the road to evergreen of a century-old brand

  Since 1933, Liqun brand has been deposited in Shandong Province for nearly 90 years.

  Compared with modern shopping centers such as () and Vientiane City, which represent the young trend, "Liqun" is more like an "old brand" specializing in department stores and home appliance supermarkets in the impression of local people. However, it is this old brand that stands firm in the shopping mall. As an evergreen tree in Shandong’s commercial field, it continues to grow and flourish.

  Reconstruct traditional commercial elements and launch "quasi-shopping center"

  Compared with the business format of shopping centers, "department stores and supermarkets add appliances" is the "three axes" of Liqun’s traditional offline business format, which has made a good record for improving the territory. Facing the change of modern consumption concept and the diversified impact of shopping centers, Liqun chose its own development road-"quasi-shopping centers".

  Once upon a time, "department store-shopping center" became a fixed upgrading model of the industry. Some people think that the biggest difference between shopping centers and department stores is the difference in thinking. The former is flow thinking and demand orientation, while the latter is sales thinking and performance orientation. "The shopping center is a market, and the department store is a business". The most essential difference between shopping centers and department stores is the separation of place management and retail management. The advantages of shopping centers lie in their large area, various formats and complete types of goods, but there are also disadvantages such as large investment, low rate of return, lack of brand resources and difficulty in realizing traffic.

  Is there only one way for traditional department stores to upgrade to shopping centers? () gives a negative answer. The company’s concept of "quasi-shopping center" focuses on the organic combination of the two advantages: Liqun’s superior business layout of traditional "department stores, supermarkets and electrical appliances", plus various business elements such as shopping center catering, cinemas and entertainment, so that emerging, young and distinctive brands can find the display position closest to consumers, and Liqun can also meet consumers’ consumption needs with more diversified goods and services, and improve its own business performance.

  The concept of "shopping+eating, drinking and having fun" is perfectly reflected in Jinding Square on the west coast of Liqun in Huangdao District, Qingdao: here, customers can buy inexpensive necessities such as people’s livelihood and home, high-quality and fidelity jewelry, gold ornaments and cosmetics of well-known brands, fashionable household appliances and clothing, and enjoy delicious meals and drinks, reading, watching movies, equestrian skating and so on after shopping. In the future, Liqun will continue to upgrade on this basis to create a unique shopping style belonging to Liqun.

  Stick to the essence of retail and open up digital operation

  Someone said, "The sadness of China Department Store is that when the market share is not big enough, it meets e-commerce. The business model has not yet begun to change, and it has met the shopping center. "

  The impact of e-commerce on physical retail seems to be an indisputable fact. According to the data of the top 100 chain enterprises in China, the sales of the top 100 chain enterprises accounted for 9.3% of the total retail sales of social consumer goods in 2012, which was lower than the level of 11% in 2011. This is the first time that the proportion has decreased since 2003, and it also proves that the traditional retail industry is constantly being squeezed by e-commerce.

  Since then, many physical retail enterprises have begun to practice hard and pursue transformation in various ways, and have spawned various new concepts and models, such as new entities, new consumption and new retail.

  As early as 2004, Liqun began to set foot in the emerging format of e-commerce, set up an e-commerce company, opened Liqun. com and started to build a PC. After the rise of mobile e-commerce, the company began to develop O2O services. In August 2017, Liqun’s online procurement platform was launched, serving the bulk procurement of enterprises, institutions, restaurants, convenience stores and other front-end channels, which indicates that Liqun’s O2O and B2B business models have achieved certain results. In 2018, Liqun started the intelligent and digital reconstruction of the supply chain, used new technical means to improve operational efficiency and reduce operating costs, and built a smart supply chain information management platform, which was successfully launched in 2021, providing an effective guarantee for Liqun to realize the standardization, standardization and simplification of business operations. Today, the "Liqun Online Merchant" APP has moved more than 1 million items operated by nearly 100 shopping malls and supermarkets online. (1) It is deeply integrated, sharing inventory at the same price, and customers can stay at home and visit Liqun. With its smart logistics system, it can deliver goods to consumers efficiently, safely and quickly.

  Liqun shares believe that cultivating consumers’ habits is the core work of the retail industry. Whether it is live broadcast with goods or new formats such as community group buying, it is essentially a change in habits brought about by technology to better cater to and even create the needs of consumers. The company will adhere to this core theory, work hard and quietly in its own main business field, and provide the most comfortable service to consumers with the concept of "high quality and low price, complete categories", "saving every penny for you" and the spirit of "doing with heart and never being satisfied".

  Deeply ploughing retail is the foundation, and perfecting supply chain is the guidance.

  Liqun shares describe its business model as a supply chain integrated enterprise that adheres to the principle of "whole industry chain+self-management". The company is committed to building a four-in-one retail and platform operator of "source batch direct mining+brand agent operation+warehousing and logistics distribution+self-operated terminal retail (e-commerce)".

  There is a saying that "one minute on the stage, ten years off the stage". The retail industry has a wide range of categories, and it is an industry that needs to be "finely crafted". There is no shortcut, and only the continuous refinement and innovation of the supply chain system is the "king". Liqun adopts the integrated operation mode of "whole industry chain+self-operation", focusing on source procurement and brand wholesale operation companies, and fully controls the whole supply chain link of "purchase, sale, adjustment and storage", thus making Liqun an industry leader in commodity selection, circulation and inventory control.

  Today’s Liqun, in the field of brand wholesale operation, the source procurement channels of goods are all over the country. Fuxingxiang Logistics Group, a subsidiary of Fuxingxiang Logistics Group, has more than 30 brand agents and wholesale operation companies, all of which are mainly operated by buyout and self-operation, and are equipped with professional buyers and operation and maintenance teams, covering all categories of commodities such as grain and oil, drinks, supermarkets, household appliances, clothing, shoes and hats, baby products, sports, cosmetics and jewelry, forming a diversified and professional brand agent echelon. Operating more than 4,000 brands, with channels and channel agency rights of more than 500 well-known brands; We have established a stable cooperative relationship with nearly 3,000 upstream suppliers, and the proportion of supermarkets and home appliances is 95%.

  In terms of terminal distribution capacity, Liqun’s brand export operation has continued to expand, and its market share has continued to increase. The sales share of some brand operating companies’ non-Liqun systems has exceeded Liqun’s internal distribution, and external customers involve other commercial enterprises, large farmers’ markets, convenience stores, enterprises and institutions, schools and military units, showing strong anti-risk ability.

  At the same time of channel operation, Liqun has continuously consolidated the construction of supply chain hardware facilities in recent years, and successively invested 5 billion to build more than 500,000 square meters of Fuxingxiang Logistics two large-scale smart warehousing and logistics centers in Huai ‘an, Jiangsu and Licha, Jiaozhou, enabling Liqun to expand rapidly around 300 kilometers with the support of the two major logistics bases in the north and south. Among them, JIAOZHOU Smart Logistics and Supply Chain Base is the first commercial supply chain base in China to build an automatic unmanned operation system of "automatic warehouse building+circular shuttle car +3D vision reading, disassembling and stacking robot", with a dynamic inventory of about 3 billion yuan. Liqun’s central kitchen can provide more than a thousand kinds of processed products, such as Chinese and Western pastry, hot halogen products, aquatic products, box lunch, prefabricated vegetables, etc., with a daily designed output of more than 80 tons and an annual designed output value of 500 million yuan; Bean products factory is the largest and most modernized new bean products processing factory in Shandong province with single format. It designs and puts into production 40 tons of dried beans and produces more than 60 kinds of bean products in a single day, and the bean sprouts factory designs and produces 30 tons of bean sprouts in a single day. Healthy baking brand "Maiguqianqian", bean product brand "Fuxing Tofu" designated by Shanghe Summit in 2018, and natural rice brand "Gurenzhuang" with "farm food and native flavor".

  On the one hand, the supply side constantly innovates the supply of goods to reduce costs and increase efficiency. On the other hand, the continuous innovation on the sales side can improve the quality of service and marketing and enhance the customer experience. From Liqun, an old brand, we can’t help thinking: Perhaps, throwing away the routine, discarding the false and retaining the true, returning to the essence of the retail industry, and impressing consumers with "more, faster, better and more economical" is the way for commercial enterprises to last forever. (CIS)

Just now! Vanke responds to everything

China fund newspaper

China fund newspaper Taylor

Just now, Vanke issued an announcement to respond to many recent incidents.

On the afternoon of April 14th, Vanke held an offline investor meeting, accepted institutional research, and many well-known brokers participated. Yu Liang, Chairman of the Board of Directors of Vanke, and Zhu Jiusheng, President of Vanke, were responsible for the reception and exchanged views with investors on some hot issues.

Taylor sorted out some of the main points.

1. Operation of Vanke

At present, Vanke has indeed encountered phased operational difficulties, and its liquidity is under pressure in the short term. However, a package of stable operation and debt reduction plans has been formulated, which can properly resolve these stage pressures.

Vanke said that it will make full use of all kinds of existing financing tools and actively mobilize all front-line forces to make good use of a series of policy financing tools issued by the central government that are conducive to the industry to resolve risks. I am confident that the debt scale of Vanke will drop by 100 billion yuan this year and next, and the debt risk will be substantially resolved. Vanke solemnly promises that all projects of Vanke Group will be delivered on time and with high quality.

2. What caused the current challenge?

Vanke said that there are three reasons.

First, although Vanke was the first in the industry to realize the need for transformation and development, there are problems of taking too big steps and rushing in the actual operation process. The transformation business exceeds the matching ability of resources, takes up too much development business funds, and the scale is too large to keep up with the management ability, and the business objectives cannot be achieved as planned.

Second, we have failed to resolutely get rid of the inertia of the industry. In many cities, including some key cities and first-tier cities, there have been rash investments and mistakes. After the central government clearly put forward the high-quality development goals and requirements of the industry, it failed to make a more thorough adjustment to the "three highs" model prevalent in the industry, resulting in a passive situation today.

Third, the understanding of the trend change of financing mode was not comprehensive enough at first. The group has started the adjustment of real estate financing mode, but it still needs a process to change from total credit financing to new financing mode.

3. Respond to the market’s doubts about the management’s self-interest.

In the recent negative public opinion, there are some doubts about the moral hazard of management.

Vanke said that there is no management seeking personal gain. Today, it seems that some past models and practices have not adapted to the new development stage of the industry, and will be comprehensively reviewed and sorted out to formulate corresponding strategies. If violations are found, they will be actively rectified; If illegal problems are found, the group will not tolerate them.

4. Current relationship with shareholders

Vanke said that it has made a detailed report with Shenzhen SASAC and major shareholders. Shenzhen State-owned Assets Supervision and Administration Commission and Shenzhen Metro support Vanke as always. During the market adjustment period, the company is fortunate to have the full support and trust of Shenzhen state-owned assets and major shareholders, and is deeply grateful for this, and will cherish the trust and redouble its efforts.

5. Respond to the real name report about Yantai.

Vanke said that the real-name reporting company was mainly a subsidiary of Yantai Riying Group, whose actual controller was Li Jun. Yantai Vanke and its partner Li Jun (hereinafter referred to as "Yantai Partner") have cooperated in developing real estate projects for nearly 10 years and cooperated in 7 projects.

Since 2021, affected by the overall market environment, the sales of many projects in Yantai fell short of expectations, and the profits could not reach the initial feasibility study index. In order to ensure the funds needed for project construction delivery and normal operation, the funds of the project company cannot be distributed according to the wishes of Yantai partners. At the same time, Yantai partners, as shareholders, ignored the needs of the project company’s construction, delivery and normal operation, and put forward a huge demand of 1.6 billion yuan without reasonable basis. Although Yantai Vanke and Yantai partners have communicated many times, they have never reached an agreement. Yantai partners subsequently reported to the government, public security, tax bureau, CSRC, Shenzhen Stock Exchange and other institutions many times, and exposed them in the media many times.

Vanke said that the Yantai informant reported the case of Vanke’s misappropriation of funds to the Yantai public security organ in 2023 and was accepted. After three months of investigation and evidence collection, Yantai Public Security Bureau made a decision not to file a case in November 2023.

In addition, the tax authorities inspected Yantai Vanke, and Vanke did not refuse to pay the accounts. At present, the tax authorities have not determined that Yantai Vanke has the subjective intention to evade taxes.

Vanke also said that there is no private interest of the so-called Vanke management team in the cooperative project. Vanke began to implement the project follow-up plan in 2014. According to the existing system, Vanke’s directors, supervisors and senior management personnel are not allowed to participate in the project follow-up, let alone get any personal benefits from the cooperative project.

Employees and investors are all minority shareholders, and they have equal rights with other shareholders and bear the same shareholder obligations, so there is no particularity.

In April, 2024, Yantai partners slandered the company and the chairman of the board of directors on the Internet, which had a bad nature and influence. Vanke Group is bringing a civil lawsuit to the court and reporting a criminal case to the public security organ.

6. Xiao Jin’s being taken away by the public security organs has nothing to do with Yantai.

Vanke said that Xiao Jin was an individual case and had nothing to do with Yantai’s report. The Group has arranged for the Beijing regional and Jinan companies to communicate with the Jinan Political and Legal Committee and the police investigating the case. The police said that Xiao Jin’s case was his personal case and had nothing to do with Yantai’s report.

Vanke also said that the Jinan Municipal Political and Legal Committee said that the Xiao Jin incident was a personal issue, which should be distinguished from the normal business activities of Vanke Group and Jinan Vanke. As always, it will support Vanke’s business development in Jinan and help the implementation of the strategy of "strengthening the province". In the guarantee delivery work, if the political and legal system services are needed, special personnel will be arranged to coordinate and dock.

7. Are executives controlled by the border?

What is the situation of Cai Ping and Wang Runchuan, the leaders who have not returned from abroad? It is rumored that after Cai Ping, the head of Central China, went to the United States and never returned, all the vice presidents and above of Vanke Group are now under border control.

For Vanke, the actual situation is that Cai Ping, the former chief partner of Central China, was born in the United States, and now he has reached the stage of receiving education and needs family companionship. It resigned in 2023 and obtained the company’s consent.

Wang Runchuan, the former lead partner of the headquarters collaboration center, resigned because he went to Hong Kong for further study. At present, he lives in Shenzhen.

The overseas business trips of the management of the Group are normal. Zhu Jiusheng, president of the group, has just returned from an inspection project in Hong Kong. Baoquan Zhu, co-president of the Group, flew to Japan for business investigation at noon on April 14th.

Recently, Vanke A’s share price has seen a wave of decline, with a large short-term decline. As of April 12, the latest market value was 76.7 billion yuan.

Welcome to read April 14th.

China Fund reported on Public Offering of Fund.

Original title: "Just now! Vanke responds to everything "

Read the original text

It is rare for Xinjiang to have low temperature and snowfall, and the field has broken through the extreme low temperature for 30 years.

Special topic: All parts of the country are United in fighting snow disasters.






Water pipes are blocked by freezing in Tianshan, water, sand and new urban areas.







Sanitation workers sweep the streets in the cold wind


    Affected by the strong cold air from western Siberia heading south and the trough in Central Asia, from 17th to 27th, there was a large-scale cooling and snowfall in Xinjiang, which was not only unbearable in most parts of northern Xinjiang, but also a rare continuous snowfall in southern Xinjiang, and the temperature continued to drop. Changji suffered the coldest 49 in 37 years, while Hotan broke through the extreme low temperature in 30 years.


    Yesterday (January 27th), Dou Xinying, a senior engineer of Urumqi Meteorological Observatory, said that the lowest temperature in Urumqi was below -20℃ for five consecutive days from 19th to 23rd during the "April 9th" period. Although it did not break through the continuous low temperature of -23℃ to -24℃ from January 19th to 23rd, 1962, it was also a rare continuous low temperature weather in recent 40 years. 


    Changji Prefecture suffered the coldest April 9th in 37 years. According to the data of Changji Meteorological Observatory, up to now, except for the April 9th average temperature in two counties, the April 9th average temperature in Changji Prefecture has been the second lowest since 1971, and the average temperature in other places has reached the lowest historical extreme since 1971. The April 9th average temperature at Caijiahu Meteorological Station in Changji Prefecture is -30.4℃, which is the coldest than the previous April 9th. 


   Last week, low temperature also appeared in other parts of northern Xinjiang. On the 20th, the temperature in Altay and Tacheng dropped to between -30℃ and -35℃. There is also a low temperature of nearly -30℃ along the Tianshan Mountains in northern Xinjiang.


    The temperature in southern Xinjiang, which has always been warmer in winter, has also dropped all the way in this weather. In many areas, the temperature is lower than -20℃, and in some areas, the temperature is even lower than -30℃. Among them, the low temperature in Hotan area has exceeded the extreme value of low temperature in the past 30 years.


    In addition, there are rare continuous snowfalls in Aksu, Kezhou, Kashgar, Hotan and other places in southern Xinjiang. Among them, the snowfall in Hotan lasted for 8 days, and yesterday, the snowfall in Kashgar lasted for 9 days.


    However, according to the data of the meteorological department, by the 24th, the accumulated precipitation of 19 stations in Aksu, Kashgar, Kezhou, Hotan and other places around the Tarim Basin reached a large amount, and 7 stations reached a violent amount. At present, the thickness of snow in Kashgar and other areas exceeds 10 cm, while that in mountainous areas is close to 30 cm.


    It is predicted that in the coming week, the weather in most parts of northern Xinjiang will be mainly sunny, and the temperature will rise slowly, while the snowfall in southern Xinjiang will continue, but the snowfall will be very weak, and the low temperature weather will continue for three to four days.

Editor: Feng Ye

Inventory of double 11 Consumer Electronic Battle Report: National subsidies are favorable, and services become the new focus of the platform.

In double 11 in 2024, some platforms started the Double Eleven promotion as early as October 14th, a whole month ahead of schedule, which can be said to be "very forward-looking".

With the end of the first phase, some consumer electronics have released battle reports. Although the battle report that "every family comes first" is always teased, double 11 is indeed a weather vane of the consumer industry. As Lei Technology, which focuses on AI hard technology, what trends have you seen in the consumer electronics industry from these battle reports?

Xiaomi is the first, and the consumption behaviors of different platforms are quite different.

In the field of smart phones that everyone is most concerned about, only Xiaomi announced the sales results of the "first stage" of the Double Eleven. According to the data released by Xiaomi, as of 23:59:59 on November 1, 2024, Xiaomi’s omni-channel cumulative payment amount has exceeded 19.7 billion yuan. Among the three core platforms of Tmall, JD.COM and Pinduoduo,Xiaomi also won the cumulative sales volume of domestic mobile phone brands, the double crown in sales volume (Tmall, Pinduoduo) and the first sales volume of mobile phone brands (JD.COM).

Image source: Xiaomi

Comparing the difference of single product sales in the three core platforms, it is not difficult to find the "preference" of users on different platforms for mobile phones. For example, the Xiaomi 15 mobile phone, which was also just released, won the first place in the cumulative sales of domestic mobile phones on the Tmall platform.Considering that Apple is the only overseas mobile phone brand that can pose a threat to Xiaomi in China market, Xiaomi 15′ s performance can be said to be excellent.

The situation of JD.COM platform is similar to that of Tmall.However, it is not Xiaomi 15(4000-5999 yuan grade) that has just been released, but the Redmi K70 Extreme Edition (2000-2999 yuan gear) released in July that won the first place in the sales of domestic mobile phones.Of course, Xiaomi 15 also achieved the first cumulative sales in its own price range. As for Pinduoduo, only Xiaomi 14 and Redmi K70 Extreme Edition got the first cumulative sales volume and sales volume in their own price range, and there was nothing wrong with Xiaomi 15.

Image source: Xiaomi

Comparing the three platforms, it is not difficult for us to sum up such a rule:Consumers in Pinduoduo platform are more sensitive to the final preferential strength and the available price, while the buying habits in JD.COM are more "polarized".

AI PC has become the core driving force for PC sales growth.

If Xiaomi "dominates" the mobile phone sales of the three core platforms, Lenovo’s sales in the PC category can also be described as "dominating". Lenovo won 23 titles in the JD.COM 11.11 computer racing rankings.It covers a number of lists, such as the sales of self-operated brands and the sales of Beijing-selected stores, especially in the category of thin and light books and games.

Image source: Lenovo

It is worth noting that there is no classification of AI PC in the sales classification of Tmall or JD.COM. Some people may think that this is because AI PC is not a climate. But in my opinion, this just proves that the concept of AI PC has penetrated into various categories.

Abstracting AI from actual hardware products to virtual software or services, this change makes the function of AI PC no longer constrained by high-performance game books.It has become an ecological function that spans thin and light notebooks, business notebooks, game books, tablet computers, all-in-one machines, and even servers and workstations.

Smart cleaning brands rely on product innovation to "fire fully"

In the field of intelligent cleaning that has risen in recent years, Xunmi Technology has also performed brilliantly in the opening stage of the Double Eleven: according to Xunmi’s data, in the "opening stage" alone, the total sales volume of Xunmi Technology’s core channels of all categories reached 2.1 billion yuan, with a year-on-year growth rate of over 100%, and it won the first place in many platforms such as JD.COM, Tmall, Tik Tok and Aauto Quicker.

As a leading brand in the cleaning electrical appliance industry, the sales performance of Xunyi directly reflects the market demand for intelligent cleaning products, and also shows that technological progress is the best driving force to promote product sales.As far as the development of the industry is concerned, the market of sweeping robots is still in the stage of subversive innovation. Compared with cost and channels, technological leadership plays a decisive role in the competitiveness of enterprises.

Image source: Chasing Technology

Long-term investment in innovative R&D is the most important cornerstone for establishing a "moat" for enterprises. There are many remarkable places in the domestic home service robot industry. At the beginning of its development, it quickly became famous with perfect technology. However, if it wants to build a solid moat permanently, its investment in technological innovation cannot be relaxed.

At present, Xunmi, Cobos and Roborock all have the potential to bring new development direction to the sweeping robot market, which can also be seen from their products launched in the first half of this year.Although it is not a big upgrade at first glance, it is generally developing in a more and more perfect direction. Moreover, there are many innovative functions. If it can be further improved and promoted to the market in the future, Xiaolei believes that more and more consumers will be interested in sweeping robots.

Parents pay the bill and let the intelligent education hardware sell out.

Like smart cleaning, intelligent educational hardware is also a hot item in recent years. As the education counseling industry has shifted from offline to online, intelligent education hardware has also become popular. According to data from JD.COM,Only in the "first stage" of the Double Eleven, the transaction volume of learning machine category increased by over 100% year-on-year, and the transaction volume of electronic education category and electronic paper book category increased by over 50% year-on-year.

In the category of learning hardware, there is definitely a dictionary pen that can’t be bypassed. With excellent product capabilities, Youdao Dictionary Pen has won double first place in JD.COM, Tmall platform industry and single product list.

Image source: Youdao

On the whole, the hot sale of intelligent educational hardware reflects the urgent demand of parents and students for high-quality educational resources, and the progress of technology has also made AI more and more widely used in the field of education.From the perspective of intelligent education, personalized and intelligent learning methods are gradually replacing the traditional education model.It can be predicted that with the support of education policy and the continuous growth of consumer demand,The intelligent education hardware market will maintain rapid development in the future, bringing more innovations and changes to the education industry.

State subsidies are a major feature of this year’s Double Eleven.

Judging from the sales trend of this year’s Double Eleven, "state subsidy" is undoubtedly an important keyword throughout the whole shopping festival.Whether it is AI PC, smart cleaning or intelligent educational equipment, the preferential strength of 20% state subsidies is quite attractive. For the platform, the intervention of state subsidies has made consumers who had a wait-and-see attitude join the shopping army.

For consumers, the introduction of the state subsidy policy has also effectively stimulated the potential consumer demand:The combination of subsidies and preferential activities of e-commerce platforms has formed a superposition effect, further amplifying the attraction of promotion.Take the M4 Mac mini just launched by Apple as an example. Under the dual effects of subsidies and preferential treatment, the Mac mini with an original price of 4,499 yuan has quickly changed from a "unproductive vase" to the "best mini computer for home use", and even sold out of stock for many times in JD.COM.

Image source: JD.COM

In contrast, without the promotion of state subsidies, consumers’ willingness to buy will never be so strong. As in 2023, under the joint influence of economic environment and consumer confidence, everyone’s enthusiasm for large-scale promotion activities has weakened.Consumers are more rational and pay attention to actual needs.If we only rely on the promotion efforts of the merchants themselves, it is estimated that it is difficult to open the gap between this year’s Double Eleven and last year’s achievements.

In addition to low prices, consumers pay more and more attention to service.

Service has also become the focus of this year’s double eleven platform competition.Due to the limited space for price concessions, e-commerce brands have also begun to develop competitiveness beyond price.Taking JD.COM as an example, with the excellent warehousing and logistics system in JD.COM, many mobile phone brands have reached cooperation with JD.COM, striving to deliver products to consumers as quickly as possible.

For example, vivo and Glory’s "one step ahead" plan will deliver the mobile phone immediately after its release, and deliver the new machine to the user as soon as the next day; With the support of "second delivery" in JD.COM, Xiaomi 15 mobile phone, which has won the first sales volume in multi-platforms, can be delivered to consumers in the store under Xiaomi Rice Noodle within one hour at the earliest.

Image source: JD.COM

In addition to the aging upgrade of distribution, pre-sales and after-sales value-added services such as trade-in and extended warranty services have also become a new battlefield for e-commerce platforms.This trend from price competition to service competition also reflects the maturity of the e-commerce industry and the upgrading of consumer demand.For e-commerce platforms and brands, only by constantly innovating in services can they stand out in the fierce market competition. In the future, the e-commerce platform needs to continue to make efforts to improve the user experience in order to win more market share.

This year’s Double Eleven Shopping Festival is not only an increase in consumption figures, but also a profound change in market structure and consumption concept.Price is no longer the only battlefield, and service, quality and innovation are becoming the new focus of competition.In this consumption transformation, as consumers, we are also the promoters of this e-commerce transformation. And the choices we made during the Double Eleven will also guide the market to develop in the right direction.

(This article is from The Paper, please download the "The Paper" APP for more original information)

India Air Show: The United States and Russia compete for orders and develop their own "loyal wingman" to show their ambitions.

The Indian military research institute exhibited a self-developed full-scale model of the "loyal wingman" stealth drone at this air show, which reflected the ambition of the Indian aviation industry.

On February 3rd, Bangalore Aerospace Exhibition (India Air Show) was held at Yelahanka Air Force Base. Indian Defense Minister Rajnath Singh attended the opening ceremony.

Although the epidemic in India is still raging, the United States and Russia have sent a large lineup of exhibitors for the potential large orders of the Indian Air Force, and they have all produced a variety of advanced fighters. This year’s air show attracted more than 600 exhibitors, including 78 foreign exhibitors. It is worth mentioning that the US bomber B-1B flew from South Dakota for 26 hours and arrived at the air show in Bangalore, India. Accompanied by an LCA fighter of the Indian Air Force, it passed the field at low altitude.

Warrior UAV adopts stealth design, and its shape is very similar to that of American Valkyria and Loyal Wingman.

For huge orders, the United States and Russia showed advanced fighters regardless of the epidemic.

According to the "India Times" reported on February 3, at the opening ceremony of the air show that day, The representative of the United States said at the press conference that Washington suggested that the Indian Air Force purchase American fighters, and the optional models include F-18, F-15 and F-16 (the United States later gave the specific number F-21).

The representative of the United States said that it is possible that the United States will produce American fighters in India as part of the "Made in India" plan. The representative of the United States also said that India is an important defense partner of Washington and the two sides will continue to cooperate to strengthen security in the Asia-Pacific region. The representative also said that Washington knew about India’s purchase of Russian-made S-400 air defense missile system and had asked India to abandon the deal, but the United States would consider this issue separately.

In June 2017, during the Paris Air Show in France, Lockheed Martin, an American military enterprise, announced that it had signed an agreement with India’s Tata Group to produce the F-16 Block70 in India at the Paris Air Show. India and the United States signed an agreement with a total value of over 10 billion US dollars, which became a heavy news during the air show and triggered a heated discussion. However, due to technology transfer, funds and other issues, the plan for the United States and India to jointly produce the improved F-16 has not yet landed. India plans to buy 114 multi-role fighters, with a budget allocation of about $17 billion. Several rounds of bidding have been conducted, but there has been no result. American F-16, Russian MIG -35, French Gust and Swedish Gryphon all participated in the bidding.

In recent years, the defense relationship between the United States and India has been deepening. Not only have high-level joint military exercises been conducted frequently, but the United States has also sold more and more advanced weapons to India. In the past 12 years, the United States has provided India with more than $18 billion in weapons and equipment, mainly including P-8 anti-submarine patrol aircraft, C-17 large transport aircraft, MH-60 anti-submarine helicopter, AH-64 armed helicopter and large-caliber artillery. At present, the United States has become the second largest exporter of weapons to India after Russia. According to the data at the end of 2018, Russia accounts for about 65% of India’s arms imports, the United States accounts for about 15%, and Israel accounts for about 11%.

F-16 is the third-generation fighter with the largest number of production in the world, and it is still in production today. With the expansion of the stealth fighter in the United States, the demand for the third-generation fighter is gradually decreasing. Transferring the F-16 production line to India can further extract the surplus value of the fighter and earn more money, and further deepen the defense cooperation between the two countries.

In addition to the F-16, the United States also actively promoted the F/A-18 carrier-based fighter to India. In August last year, the US F/A-18 carrier-based fighter successfully carried out the ground takeoff test, which proved to India that the aircraft can take off in the Indian Navy. At present, India has an aircraft carrier "Vikla Matia", and the aircraft carrier "Viklandt" is scheduled to enter the train next year. Both aircraft carriers take off in a skid mode, and the carrier aircraft is a Russian MIG -29. India has purchased 45 MIG-29s in total, but the performance of the aircraft is not good after being equipped in India, and the intact rate is less than 50%. So far, six MIG-29s have crashed. In this regard, the Indian Navy can be said to be "suffering", and the performance of domestic LCA carrier aircraft cannot meet the demand, and MIG-29s can only make do with it. Now, with the deepening of the defense relationship between the United States and India, the choice of carrier aircraft has increased by one.

The F/A-18 carrier-based fighter successfully carried out the ground takeoff test.

As India’s largest supplier of weapons, Russia also sent a core lineup to participate in this air show. Among them, the full-scale model of Su -57E fighter made its debut at the Indian Air Show.

Su -57 is the latest fifth-generation multi-role fighter developed by Russia. The fighter adopts stealth design and composite materials, and its weapons will include hypersonic missiles. The Su -57 prototype made its first flight in 2010, and the first mass production machine was delivered to the army in December 2020. Russia decided to purchase 76 Su-57s and equip three aviation regiments before 2027. Su -57E is the export model of Su -57, which made its debut at the Moscow Air Show in 2019. Its target customers include several Russian traditional fighter sales customers such as India, Vietnam, Indonesia and Algeria.

Victor Kladov, director of international cooperation and regional policy of Russian National Technology Group, said on February 1st that many foreign customers showed great interest in Russian foreign trade weapon Su -57E fifth-generation fighter. "This fighter has aroused great interest in many countries because of its unique combat performance and flight characteristics," Kladov said.

India has reached an agreement with Russia to jointly manufacture FGFA fighters based on Su -57 fighters. In 2007, India and Russia agreed to jointly manufacture FGFA fighters, and signed a cooperation agreement in 2010. In 2018, a senior Indian Defense Ministry official revealed that India will withdraw from the FGFA cooperation project that started 11 years ago. It is said that the FGFA project ended because the two sides have differences in research and development costs and technical capabilities.

Full-scale model of Su -57E fighter.

FGFA is actually an export version of Su -57, but some changes have been made according to the needs of India. At present, the fifth-generation aircraft that India is expected to acquire are only Russian products, the American F-22 is not for sale, and the F-35 has not been exported to India. Moreover, there are many orders for the F-35 from project partners and American allies. Even if the export is agreed, it is unlikely that India will equip the F-35 in the next few years.

Despite the twists and turns, the Su -57 was officially delivered to the troops last year, which is of great significance to this project. With the increase of stealth fighters in India’s neighboring countries, India is likely to buy Su -57 fighters again.

In addition, the close defense cooperation between India and Russia is also an important reason why India chose Su -57. More than 70% of the weapons of the Indian armed forces are Soviet-Russian products, and Russian equipment accounts for 80% of Indian combat aircraft, including Su -30MKI, MIG -29 multi-function fighter and Mi -17 military transport helicopter. Since India put forward the "Made in India" plan in 2014, Russia and India have implemented more than 200 joint projects under this framework.

India’s NG-CCM new generation fighting bomb displayed with Warrior UAV.

Following the military frontier technology, the Indian version of "loyal wingman" appeared.

In recent years, the UAV named "loyal wingman" has become a popular equipment in the field of UAV development. The concept of "loyal wingman" was first put forward by the United States in 2015. Subsequently, Russia, Australia, Britain and other countries also launched their own versions of "loyal wingman" drones.

Literally, the "loyal wingman" UAV mainly plays the role of wingman, has autonomous combat capability, can effectively integrate with manned fighters, complete coordinated operations, and improve operational efficiency. The specific operational roles of the "loyal wingman" drone are: acting as a weapon launching platform and launching attacks on targets designated by manned pilots; Strike the target set perceived by the drone; Attract anti-aircraft fire for manned aircraft and destroy threatening targets; Implement anti-interference outside the area; As an information fusion node of ISR.

Valkyria UAV developed by the US Air Force.

There are three main types of "loyal wingman" drones: one is modified from manned fighters; The other is a newly developed UAV. Some high-end UAVs generally adopt stealth design, and some low-end UAVs adopt non-stealth design. The "loyal wingman" drone sacrifices itself when necessary to ensure the safety of manned aircraft, so it is also fully considered in terms of cost and belongs to a product that can be quickly consumed. The "loyal wingman" who cooperates with the fifth-generation aircraft generally adopts stealth design, such as the American XQ-58A and the Russian "Grom".

The XQ-58A "Valkyria" UAV prototype completed its first flight in March 2019. It was jointly developed by the US Air Force Research Laboratory and Karatos UAV Systems Company, with a length of 9.14 meters and an internal bomb bay capable of carrying 272 kilograms of payload. It was mainly designed to cooperate with F-22, F-35 and other manned stealth fighters. The "Grom" UAV designed by Kronstadt Company of Russia was announced for the first time at the 6th International Military and Technical Forum held in August 2020. Airborne weapons, including laser-guided bombs, TV-guided bombs and air-to-ground missiles, were also displayed with the UAV. From the appearance, the stealth UAV is similar to the American XQ-58A UAV, both of which adopt a diamond nose and a backpack inlet.

The "Grom" UAV can carry a variety of precision guided munitions.

At this air show, the Indian military industrial organization also demonstrated the Indian version of the "Loyalty Wingman" drone. Hindustan Aviation Co., Ltd. (HAL) first demonstrated the full-scale Warrior UAV model. The aircraft was developed within the framework of AMCA battle plan, which has been implemented for about five years. In addition, India’s Defense Research and Development Organization (DRDO) and Aviation Development Agency (ADA) launched the dual-engine carrier aircraft (TEDBF) program.

From the appearance, the UAV is very similar to Boeing’s "loyal wingman". It adopts stealth design, the inlet is located above the fuselage, the cross section of the fuselage is irregular and polygonal, and the tail nozzle is stealth-treated, which can greatly weaken the radar reflection signal and infrared characteristics. The power system consists of two small turbojet or turbofan engines, which can ensure the UAV to fly at high subsonic speed.

In the vision of the Indian military industry organization, Warrior UAV can cooperate with the domestic AMCA fifth-generation fighter to keep up with the transformation of the combat style of the world-class air force. However, it is one thing to make a model, and it is one thing to really develop a reliable real machine. In the past, Indian military institutions often showed various advanced fighter models at air shows, but few of them were really developed successfully. AMCA’s fifth-generation fighter model has appeared for nearly 10 years, but the project has not been officially launched so far.

In the first three quarters, financial institutions increased their lending to the real economy by 13.9 trillion yuan.

  Source: China People’s Bank, China Banking and Insurance Regulatory Commission Cartography: Shen Yiling.

  Economy is the body, finance is the blood, and the two coexist and prosper together. According to data released by the People’s Bank of China recently, in the first three quarters, RMB loans issued by financial institutions to the real economy increased by 13.9 trillion yuan, an increase of 1.1 trillion yuan over the same period of last year, focusing on key areas such as infrastructure and manufacturing, and private and small and micro enterprises.

  Financial flowing water is smooth, stimulating the vitality of the real economy. Recently, reporters came to Zhejiang, Shandong, Anhui and other places to investigate how the financial industry serves the real economy and explore how to improve the long-term mechanism and further enhance the ability of financial institutions to serve the real economy.

  The structure of "quantity" increasing and "price" decreasing is excellent

  Advanced manufacturing, private small and micro enterprises, and people’s livelihood in agriculture, countryside and farmers and other key areas and weak links are getting more and more financial support.

  Oulong Pump Industry Co., Ltd. is located in Wenling, Zhejiang, and the pump industry is a local characteristic industry. "A few years ago, the production mode of enterprises was simple assembly and processing. In this mode, the quality of workers’ skills directly affects the quality of products, and the return rate of pumps once remained high. " Zhang Jianjun, head of the company, recalled.

  After understanding the situation, Taizhou Bank Wenling Daxi Sub-branch provided loans to help enterprises transform and upgrade, with a comprehensive credit line of 4.5 million yuan. With funds at hand, Zhang Jianjun has carried out technical transformation on the painting workshop, coil workshop and installation workshop, which greatly improved the production efficiency of the enterprise, and the output value reached more than 70 million yuan last year. "Without financial support, the transformation and upgrading of enterprises will not be so smooth!"

  "In order to better serve the real economy, the relevant departments have made great efforts to launch a number of initiatives and achieved remarkable results." Ceng Gang, deputy director of the National Finance and Development Laboratory, said that since the beginning of this year, the proactive fiscal policy and prudent monetary policy have continued to exert their strength, and the financial services to the real economy, especially private and small and micro enterprises, have been continuously strengthened, and the "obstruction" of the flow of living financial water to the real economy has been gradually opened.

  Ceng Gang said that in terms of total volume, the prudent monetary policy is moderately tight, and the monetary policy tools such as the deposit reserve ratio and open market operation are used flexibly, which has kept the market liquidity reasonably abundant and the scale of social financing reasonably increased, providing a good monetary and financial environment for high-quality economic development. From the price point of view, in the first eight months of this year, the interest rate of new loans for small and micro enterprises was 6.8%, which was 0.59 percentage points lower than the annual average in 2018. In August, the central bank announced the reform and improvement of the formation mechanism of LPR (loan market quotation rate), which actually pushed down the market interest rate and benefited the real economy.

  "While maintaining a moderate total, the structure of financial supply is also being optimized, with advanced manufacturing, private small and micro enterprises and ‘ Agriculture, countryside and farmers ’ Key areas and weak links such as people’s livelihood are getting more and more financial support. " Ceng Gang said that this depends on the precise efforts of structural policies such as targeted cuts to required reserve ratios and TMLF (targeted medium-term lending facilities). Regulatory requirements such as a 30% increase in the balance of inclusive small and micro enterprise loans of large banks compared with the beginning of the year have also effectively guided the investment of credit funds.

  Under the "precise drip irrigation" of financial running water, the bones and muscles of the real economy are stronger.

  — — Increase financing in key areas such as private enterprises, small and micro enterprises and advanced manufacturing industries.

  "By the end of September, ICBC had lent more than 1 trillion yuan to private enterprises in the real economy, such as manufacturing, software and information technology, and scientific research services." Hu Guangwen, a senior expert in the financial business department of China Industrial and Commercial Bank, said that in terms of resource allocation, ICBC has increased its inclination to private enterprises, giving preferential funds to the departments that provide loans to advanced manufacturing private enterprises, and the price of lending funds has come down, which has reduced the financing cost of enterprises from the source.

  The data shows that as of the end of September, the balance of Pratt & Whitney small and micro loans and private enterprise loans increased by 23.3% and 6.9% respectively. The balance of medium and long-term loans in manufacturing industry increased by 11.3% year-on-year, among which the balance of medium and long-term loans in high-tech manufacturing industry increased by 41.2% year-on-year.

  — — Support the development of weak links such as infrastructure construction, agriculture, rural areas and people’s livelihood.

  "There is no need to find a guarantor anymore, and the red book really works!" Yin Yurong, a farmer in Xiaogang Village, Fengyang, Anhui Province, has successively borrowed nearly 400,000 yuan from the County Agricultural Bank, which has revitalized the low production area of the village and developed the industry of rice and shrimp co-cultivation.

  The "red book" in Yin Yurong’s mouth is the stock certificate. Ma Wu Jun, deputy secretary of the Party Committee of Xiaogang Village, said that the village has set up a collective assets joint-stock cooperative and issued share certificates. "Villagers get global credit by virtue of share certificates. As long as the share certificates are pledged to Xiaogang Village Innovation and Development Co., Ltd., they can apply for a loan of 3,000 yuan to 300,000 yuan from the county agricultural bank."

  "Rural financial services have played an important role in promoting agricultural production, rural economic development and increasing farmers’ income, and are an important part of financial services in the real economy." Dong Ximiao, chief researcher of Xinwang Bank, believes that rural finance is one of the focal points of rural revitalization, and should be based on the needs of new agricultural business entities and innovate financial business models and products and services.

  Establish and improve a long-term mechanism

  The financial information service platform accurately connects supply and demand, and the due diligence exemption mechanism still needs to be improved.

  "I thought that the first loan was cumbersome and took a long time, but after this loan, I completely changed my mind." Huang Yongchao, general manager of Shandong Dezhou Sheng Bang Sports Group Co., Ltd. said with deep feelings.

  Sheng Bang Sports is a high-tech enterprise specializing in the design, research and manufacture of SMC polymer composite products. This year, due to the adjustment of business strategy, the production scale has expanded and the capital turnover pressure has increased. Enterprises have never lent money before, how to deal with banks? Huang Yongchao is at a loss.

  "By chance, I learned that a financing service network system has been built in the province, just at ‘ Shandong government service network ’ ‘ Enterprise financing demand collection ’ In the section, I tried to publish financing information. " Huang Yongchao said that I didn’t expect Dezhou Bank to find the financing needs of enterprises through the platform, and immediately went to the door to dock and give the company a credit of 10 million yuan. "It took only 10 days from the release of financing demand to obtaining a loan, which is really convenient!"

  One of the biggest troubles for financial institutions to serve private and small and micro enterprises is information asymmetry, but this situation is slowly changing. In many parts of the country, various financial information service platforms are constantly emerging, setting up a "connecting bridge" between banks and enterprises:

  The National Development and Reform Commission and the China Banking and Insurance Regulatory Commission recently jointly issued the "Notice on Deepening the Support of Small and Medium-sized Enterprises with Credit Loans", demanding that the information asymmetry between banks and enterprises be solved by strengthening the collection and sharing of credit information; In Shaanxi, the credit financial service platform led by the government has collected the basic information of more than 2 million enterprises in the province and the in-depth information of social security, taxation and land of nearly 17,000 enterprises, realizing the financing demand docking of 18 billion yuan; In Jiangxi, in the first eight months of this year, 84.53 billion yuan of loans were issued through the financing service platform for small and micro enterprises, accounting for 33.3% of the total amount of small and micro loans granted by the province in the same period.

  The "Several Opinions on Strengthening Financial Services for Private Enterprises" issued earlier proposed that we should pay close attention to building and improving big data service platforms such as finance, taxation, market supervision, social security, customs and justice, and realize cross-level cross-departmental cross-regional interconnection. Improve and optimize the information docking mechanism between financial institutions and private enterprises, and realize efficient online docking between the supply and demand sides of funds.

  "Encouraging and guiding finance to support the real economy requires many supporting measures." Ceng Gang said that the construction of financial information service platforms in various places is a useful exploration to establish and improve a long-term mechanism. Local governments are rich in social security, justice and other information, and have the ability to integrate the information originally scattered in various departments to form a huge database. If used legally and in compliance, these precious data will greatly help financial institutions to improve their service level.

  To promote the construction of a long-term mechanism to serve the real economy, we should not only solve the problem of information asymmetry, but also improve the "dare to lend" mechanism of financial institutions. Zhu Shumin, vice chairman of China Banking and Insurance Regulatory Commission, said that China Banking and Insurance Regulatory Commission continued to push banks to further improve the due diligence exemption mechanism, and urged banks to include micro-loan business in the assessment system.

  The reporter learned that Chongqing Banking Insurance Regulatory Bureau recently conducted a thorough investigation on the due diligence exemption of small and micro enterprise loans of banks under its jurisdiction. From the feedback, it has achieved certain results in practice. According to the data, in the first half of this year, the banks under the jurisdiction of Chongqing Banking Insurance Regulatory Bureau exempted 542 million yuan of non-performing loans of small and micro enterprises from due diligence, involving a total of 1,043 exempted employees, including 221 bank managers, 163 approval positions and 659 credit account managers. In order to improve the efficiency of exemption, Chongqing Rural Commercial Bank delegated the exemption authority, giving the branches the due diligence exemption recognition authority within 500,000 yuan.

  The insiders believe that although some progress has been made, the due diligence exemption mechanism is still not perfect, and it is difficult to completely eliminate the worries of account managers. For example, although the regulatory authorities’ tolerance for non-performing loans to small and micro enterprises has increased to 3 percentage points, many banks pay more attention to the assessment of the overall non-performing rate, and they have not separately assessed the non-performing rate of small and micro enterprises, so it is difficult to reflect the policy preferences.

  The key to a good policy is implementation.

  We will implement various policies that have been introduced to reduce taxes and fees and reduce financing costs.

  The Monetary Policy Committee of the People’s Bank of China pointed out at its regular meeting in the third quarter of 2019 that it is necessary to optimize the financing structure and credit structure in accordance with the requirements of deepening the structural reform of the financial supply side, increase support for promoting high-quality development, and improve the adaptability of the financial system to the supply system and the demand system. We will make great efforts to unblock the transmission of monetary policy, adhere to market-oriented reforms to promote a significant reduction in real interest rates, and guide financial institutions to increase their support for the real economy, especially private and small and micro enterprises.

  "At present, the downward pressure on the economy is increasing, and the real economy is facing certain difficulties. We should play a good policy ‘ Several lifts ’ Together, we will implement various policies such as tax reduction and fee reduction and financing cost reduction, flexibly use macro-policy countercyclical adjustment tools, do a good job in policy coordination and linkage, strengthen pre-adjustment and fine-tuning, ensure economic operation in a reasonable range, and stabilize the expectations of private and small and micro enterprises. " Ceng Gang said.

  How to further improve the due diligence exemption mechanism and get through the "last mile" of serving private and small and micro enterprises? Dong Ximiao believes that the supervision of banking institutions should be continuously carried out, and banks should be forced to further improve their internal mechanisms through on-site inspections, window guidance and quarterly discussions. Explore the basic identification standards of due diligence in all aspects of small and micro enterprise loans, and eliminate the concerns of grassroots account managers to the greatest extent by clarifying the boundaries of due diligence and exemption.

  Ge Mengchao Yu Jingxian Plateau