The countdown to Buffett’s shareholders’ meeting! Investors hold their breath to look forward to six points.

  Zhongxin Jingwei Client May 4 (Dong Xiangyi) Buffett has always been regarded as a banner of the investment community. Nowadays, the "stock god" who has entered his octogenarian years still maintains his vitality and elegant demeanor, and he can talk about Kan Kan every time he appears. Soon, we will see Buffett again.

  On the evening of May 4th, Beijing time, the annual Berkshire Hathaway Shareholders’ Meeting will be held in Omaha, a small town in the central United States. It is estimated that 50,000 people will travel to Omaha from all over the world to see the beauty of the stock market. At that time, 88-year-old CEO Warren Buffett and 95-year-old Vice Chairman Charles Munger will appear at the shareholders’ meeting to share their views on the market, the company and the current economic situation, and answer questions from analysts, investors and the media.

  It is generally believed in the market that the outside world is concerned about Buffett’s views on the world economy and China’s economy in addition to the value investment concept conveyed by Buffett at the shareholders’ meeting and some major investments to be made in the future.

  In fact, Buffett’s judgment on the US economy and the Fed’s policies in the past few years has basically been verified by the market. This year, when the Fed stops raising interest rates and reduces the contraction, can the US economy maintain its current growth rate? Can the US stock market still strengthen? In addition, what is Buffett’s next investment consideration with hundreds of billions of dollars in cash? Will you buy shares in China A-share market? Is there a suitable candidate for "successor"? A series of problems remain to be solved.

  As of press time, the shareholders’ meeting is only less than 5 hours away. We might as well boldly predict six possible highlights of Buffett’s shareholders’ meeting:

  one

  Holding hundreds of billions of dollars in cash, where to invest?

  According to the shareholders’ letter issued in February 2019, by the end of 2018, Berkshire held US$ 112 billion in US Treasury bonds and other cash equivalents, exceeding US$ 103.6 billion at the end of the third quarter of last year, and also held more than US$ 100 billion in cash for the sixth consecutive quarter.

  What shareholders want to know is whether Buffett sees any investment opportunities or is ready to buy back more of his own shares.

  Buffett calls large-scale acquisitions "hunting elephants", and he will consider which company to buy next and may be asked. However, for more than three years, Berkshire has never made a super-large-scale acquisition. Buffett’s last big deal was to acquire aerospace manufacturer Precision Castparts Corp for $32 billion, which was completed in January 2016.

  This year, Berkshire’s Letter to Shareholders revealed that the current prospects are not optimistic: for those enterprises with good long-term prospects, the price is too high, but Buffett admits that he is still eager to "get ‘ Elephant ’ Level acquisition. "

  Earlier analysis by Credit Suisse showed that Buffett’s next "elephant-scale" acquisition target may be Target, CarMax or Moody’s. These companies meet Buffett’s usual priorities when deciding when to make a full acquisition, including high return on equity, fair price, low debt and strong management.

  2

  Amazon stock

  As the most concerned company in the investment field, Berkshire’s every move will arouse the interest of the capital market.

  Recently, foreign media reported that Berkshire has been buying Amazon’s stock. Although this investment was not made by billionaire Buffett himself, he had previously said to CNBC: "I have never bought Amazon’s stock, which is an idiot."

  According to reports, so far, it is still unknown how many Amazon shares Berkshire Hathaway has purchased and how much equity it accounts for. But in the end of the quarter report, this information will be made public.

  three

  Succession candidate

  In a few months, Buffett will be 89 years old, and his partner Munger will be 95 years old. The issue of successors will be put on the agenda again. Therefore, shareholders want to hear more about this matter.

  Two of Buffett’s investment managers, Ted Viszler and ToDD Combs, have created much better investment performance than the market index in the past, and Buffett also praised them in a letter to shareholders in 2013, and their performance bonuses both exceeded $50 million.

  According to foreign media, Berkshire’s operation of buying Amazon shares was done by the above two investment managers.

  four

  Rare buyback

  Last year, Berkshire relaxed its share repurchase policy, allowing the company to buy back $1.3 billion of shares. In the third quarter of last year, Berkshire repurchased $928 million of its own company shares, and invested more than the sum of more than four years. For Buffett, who has fewer buybacks, it can be said that it has created a precedent for large buybacks.

  In July last year, Berkshire announced that it had lifted the restrictions on its repurchase of its own shares and relaxed the restrictions on the repurchase policy. According to this new policy, when Buffett and Munger both think that the repurchase price is "lower than the intrinsic value of Berkshire Hathaway", they can approve the repurchase of shares.

  Some analysts believe that although Buffett tends to spend money on block trades or other companies’ stocks, this move undoubtedly opens the door for more repurchases. In fact, Buffett has also said that Berkshire may eventually become an important repurchaser of its own shares. Whether Berkshire will have more buybacks in the future is also a major concern.

  five

  "Planted" on Kraft Heinz

  The stock god who has always been invincible also has the time to "stumble".

  In February this year, Berkshire’s 2018 annual report showed that the company’s profit was 4 billion US dollars, and the book value per share increased by 0.4%. Compared with the same period last year, the growth rate dropped sharply. From a quarterly perspective, the decibel losses in the first and fourth quarters were $1.1 billion and $25.4 billion. Regarding the rare loss in the fourth quarter, Buffett said in his letter to shareholders that "the impairment of intangible assets has caused a non-cash loss of $3 billion, almost all of which comes from the equity of Kraft Heinz held by us".

  Buffett’s investment in Kraft Heinz proved to be a big failure, which shocked the outside world. Buffett previously admitted in an interview with The Wall Street Journal that he paid too high a price when he bought Kraft Heinz. At this shareholders’ meeting, investors may want to hear Buffett talk about what happened before and after buying Kraft Heinz shares.

  six

  Which A-share stocks will be in the eye?

  Buffett has publicly talked about being optimistic about investing in the China market more than once. Last year, Buffett admitted at the shareholders’ meeting that there are many investment opportunities in China. "In such a high-speed and booming market, investors holding the same capital may gain more in China than in the United States."

  In terms of investment style, Wang Jianhui, general manager of Capital Securities R&D Department, previously told Zhongxin Jingwei client that "Buffett and Munger have similar styles, and companies that focus on steady growth attach importance to balanced ratio in their investment portfolios, and they are very predictable about market expectations and demand."

  Wang Jianhui believes that China’s manufacturing and consumption upgrading are worthy of attention, but Buffett pays more attention to certainty, so domestic consumer goods with relatively high market share and obvious brand status are more likely to be favored by him.

  Specifically, the market has made some analysis and predictions about which A-share stocks "stock gods" will prefer. According to china securities journal, there are many criteria for Buffett’s stock selection, but there are clear quantitative criteria. He only said one sentence, that is, the annual return on net assets (ROE) is greater than 20% for 10 consecutive years.

  The so-called return on equity (ROE) is the ratio of company profits to shareholders’ equity. It represents the investment income of investors, in short, how much money the enterprise can earn for investors.

  Which companies in A shares meet Buffett’s standards? Wind data shows that in the 10 years from 2009 to 2019, among the listed companies whose ROE (deduction/dilution) continuously exceeds 20%, there are only five listed companies in A shares, namely Kweichow Moutai, Haitian Weiye, Gree Electric, Yanghe and Chengde Lulu.

  Attachment: Schedule of Buffett’s Shareholders’ Meeting in 2019:

  Shareholders’ meeting day (note: Beijing time, time difference with Omaha, USA -13 hours)

   At 20: 00 on May 4th, CHI Health Center opened at the shareholders’ meeting.

   At 21: 30 on May 4: A special short film was shown at the shareholders’ meeting;

   From 22: 15 on May 4th to 4: 30 on May 5th: General Meeting of Shareholders and Q&A Session.

   May 5, 4: 30 to 5: 30 (approximate time): business meeting time.

   May 5, 6: 30-9: 00: Nebraska Furniture Store holds a barbecue dinner for Berkshire shareholders, and you can choose a special package of $5.

Summary of 2021 Guangzhou Auto Show with Over 30 New Cars (I)

  [car home Information] Guangzhou Auto Show 2021 will officially open on November 19th. Three days before the official opening of the auto show, we have photographed more than 30 new cars in the front exhibition hall! Among them, there are many popular Toyota Flanders, Toyota Visa, Changan Ford EVOS, etc. At the same time, there are also a number of China brand new electric vehicles that will be officially unveiled, such as Tucki G9, Salon Automobile and Guangzhou Automobile Concept Car. Looking forward to it? Come on, let’s read the text!

Home of the car


★ Toyota Lingfang HARRIER

  On the eve of the opening of Guangzhou Auto Show in 2021, we photographed the advertising map of Lingfang HARRIER, a subsidiary of FAW Toyota, which will be officially listed at Guangzhou Auto Show. The new car is positioned as a medium-sized SUV, and the pre-sale price range of the four models has been announced for 220,000-310,000 yuan. In addition, the new car will be officially launched at the factory of Changchun Fengyue Company on November 17th. Lingfang HARRIER will provide a 2.0-liter naturally aspirated engine and a 2.5-liter+motor hybrid system.

Home of the car

Home of the car

Home of the car


★ GAC Toyota VISA

  On the eve of the opening of the Guangzhou Auto Show in 2021, we photographed the poster advertisement of the VISA model outside the exhibition hall. As a sister model of FAW Toyota Lingfang HARRIER, the new car will be officially released at this Guangzhou Auto Show. The front face shape of the new car is slightly different from that of Lingfang, and it will also provide two power systems: fuel version and hybrid version. Then, as another product of Toyota’s two-car strategy, will you choose FAW Toyota Lingfang or GAC Toyota VISA?

Home of the car

Home of the car

Home of the car

Home of the car


★ Brand-new British finidi QX60

  On the eve of the opening of Guangzhou Auto Show in 2021, we photographed the real car of the brand-new British and finidi QX60 model outside the venue. The new car will be made in China and positioned as a medium and large SUV. In terms of body size, the length, width and height of the new car are 5127/2005/1767mm and the wheelbase is 2900mm respectively. The power will be equipped with a 2.0T VC-Turbo turbocharged engine with a maximum power of 252 HP, which will be matched with a 9-speed automatic manual transmission.

Home of the car

Home of the car

Home of the car

Home of the car


★ Nissan sylphy e-POWER

  Before the opening of Guangzhou Auto Show in 2021, we photographed the advertisement of Sylphy e-POWER outside the venue. The new car will be officially opened for pre-sale at the Guangzhou Auto Show. The appearance of the new car maintains the design concept of Sylphy, and will adopt an extended-range power system, equipped with the model HR12 e-POWER system, which consists of a 1.2L engine and a motor. Among them, the maximum power of 1.2L engine is 72 HP (53 kW), the maximum power of driving motor is 136 HP (100 kW), and the declared fuel consumption is 4.1L/100km. The first model of e-POWER is only the opening work of Dongfeng Nissan. By 2025, there will be six e-POWER models.

Home of the car

Home of the car

Home of the car


★ Audi A8L Horch Founder Edition

  Before the opening of Guangzhou Auto Show in 2021, we photographed the founder version of Audi A8L Horch on the poster outside the exhibition hall. The new car is based on the Audi A8L, which was redesigned in the mid-term. It further lengthens the length of the car body and wheelbase, and upgrades the luxury of the interior and configuration. It will compete with the Maibakh S 480 when it goes on the market. It is reported that the new car is an ultra-luxury model specially designed for the China market.

  In terms of power, the new car will continue the 3.0T turbocharged V6 engine +48V light mixing on the current model, the transmission system will match the 8-speed automatic manual transmission, and the quattro four-wheel drive system will be standard.

Home of the car

Home of the car

Home of the car

Home of the car

Home of the car

Home of the car

★ GAC Toyota Fenglanda

  On the eve of the 2021 Guangzhou Auto Show, we photographed the poster of Fenglanda, a brand-new compact SUV model of GAC Toyota, which will be officially unveiled at the auto show. The front face of the new car is equipped with a large front grille with a black mesh integrated inside. The grille frame has a silver decorative strip, which looks more fashionable. The long and narrow headlight group looks sharp, and the internal structural design of the headlight group presents a strong sense of science and technology. In terms of power, the new car will be equipped with a 2.0L naturally aspirated engine with a maximum power of 171 HP. Matching the engine is CVT continuously variable gearbox.

Home of the car

Home of the car

Home of the car

Home of the car


★ Xpeng Motors G9

  On the eve of Guangzhou Auto Show in 2021, we learned the real car entrance map of Tucki’s brand-new SUV model-G9 of Tucki, and the brand-new LOGO of Tucki brand will be released soon along with G9. It is reported that Tucki G9 is a brand-new pure electric medium and large SUV, and its price may be higher than that of Xpeng Motors P7 ordinary version and lower than that of Xpeng Motors P7 Pengyi version. The estimated price is about 280,000-380,000 yuan.

Home of the car

Home of the car


★ New Volkswagen Sagitar

  On the eve of the opening of Guangzhou Auto Show in 2021, we photographed the billboard of the new FAW-Volkswagen sagitar. At present, the new sagitar has been declared in official website, Ministry of Industry and Information Technology, and its appearance has adopted a brand-new design style, and it will be upgraded in configuration and other aspects. In addition, according to the current application information, the new car will still be equipped with 1.4T and 1.2T power systems.

Home of the car

Home of the car

Home of the car

Home of the car


★ Buick Light Blue 7 Modified Car

  Before the upcoming Guangzhou Auto Show, colleagues in front of car home photographed the modified Buick Light Blue 7 outside the exhibition hall. The new car is specially painted, which looks futuristic, and the rim has also been replaced with a "cake-shaped" shape with low wind resistance. It is worth mentioning that the rear of the new car is also equipped with a trailer hook, which can drag a small RV, which is quite creative for a new energy vehicle.

Home of the car

Home of the car

Home of the car


★ New Volkswagen Weiran

  Before the opening of Guangzhou Auto Show in 2021, we photographed the new Volkswagen Weiran outside the exhibition hall. The new car has completed the declaration of the Ministry of Industry and Information Technology. As a modified model, the appearance of the new car follows the design of the current model, and the interior will be replaced with a suspended central control multimedia display. Power is still equipped with a 2.0T engine, and it is divided into two versions of high and low power, with the maximum power of 220 HP and 186 HP respectively. The transmission system is matched with a 7-speed dual-clutch gearbox.

Home of the car

Home of the car

Home of the car

★ GAC’s new SUV concept car

  The 2021 Guangzhou Auto Show is about to open. In the early exploration of the pavilion, we photographed the new SUV concept car that Guangzhou Automobile will release in advance-the new potential pioneer concept car. The new car will adopt a very sharp line design, highlighting the muscular feeling that SUV models should have. Although the concept car is still covered with heavy clothes, we can still see the design lines of his forward dive, and believe that the new car will indicate the design direction of new products of GAC in the future.

Home of the car

Home of the car


★ GAC brand new coupe concept car

  The 2021 Guangzhou Auto Show is about to open. In the early exploration of the pavilion, we photographed the brand-new concept car that Guangzhou Automobile will release in advance-Zhixiang flagship electric concept coupe. The new car will have extremely simple design lines, which will bring more excellent low wind resistance through the smooth body and huge hatchback rear shape. It is not excluded that this concept car will indicate the future product trend.

Home of the car

Home of the car


★ Mitsubishi Artuko

  Before the opening of Guangzhou Auto Show in 2021, we photographed the real car map of Mitsubishi Artuko outside the exhibition hall. The new car is GAC Mitsubishi’s first pure electric SUV, positioning a compact SUV and adopting the latest design language of Mitsubishi brand. The length, width and height of the new car are 4630/1920/1728mm and the wheelbase is 2830mm respectively. According to the application information, the new car will be equipped with a motor with a maximum power of 135kW.

Home of the car

Home of the car

Home of the car

Home of the car


★ BYD destroyer 05

  On the eve of the opening of Guangzhou Auto Show, we photographed BYD’s brand-new compact car, BYD Destroyer 05. It is worth mentioning that, as a part of the ocean model, the car will be put on the e-net for sale in the future, just like the dolphin model. In terms of power, the new car will be equipped with a 1.5L DM-i plug-in hybrid system of BYD472QA, with a maximum power of 110 HP (81 kW), which is consistent with Qin Plus DM-I.

Home of the car

Home of the car

Home of the car


★ Elantra Black Knight Edition

  Guangzhou Auto Show is about to open. On the eve of the auto show, we photographed the real car of Hyundai Elantra Black Knight Edition outside the exhibition hall. The new car adopts an all-black appearance kit on the basis of the current Elantra, which further highlights its personality.

Home of the car

Home of the car

Home of the car

★ Salon’s first new car

  On the eve of Guangzhou Auto Show in 2021, we photographed the first model of Sharon Auto, a high-end brand of Great Wall Motor, outside the exhibition hall. The new car will be a pure electric car with a future design style. The highlight is that it will be equipped with four laser radars.

  At the same time, Sharon Automobile is a new high-end automobile project planned by Great Wall Motor at the end of 2020. Sharon Automobile will become a luxury brand with "dual energy of hydrogen and electricity", and Sharon will realize mass production of all kinds of hydrogen energy passenger cars.

Home of the car

Home of the car


★ Guangzhou Automobile Acura RDX Xingyan Haohui Painting

  We photographed the new painted model of Acura RDX before the opening of Guangzhou Auto Show. As a new painting model, its overall appearance basically follows the current styling design style, only adding the body painting named Xingyan Haohui, thus bringing more choices to consumers. In terms of power, the new car is expected to continue to be equipped with the current 2.0T turbocharged engine, with a maximum power of 265 HP and a peak torque of 380 Nm. In terms of transmission, it is matched with a 10-speed automatic manual transmission. At the same time, the new car is expected to continue to provide two-wheel drive and four-wheel drive models for consumers to choose from.

Home of the car

Home of the car

Home of the car


★ Changan Ford EVOS

  Before the opening of Guangzhou Auto Show, colleagues in front photographed Changan Ford EVOS. The new car is based on FNV intelligent interconnection network architecture, positioning the coupe medium-sized SUV, and its pre-sale price range is 227,800-260,800 yuan, which will be officially listed at Guangzhou Auto Show. Regarding the appearance and interior power of the new car, I believe that netizens who pay attention to it are already familiar with it. Then Changan Ford, a somewhat unruly new car, is in a suitable price range and can it become an explosion model? I look forward to seeing your wonderful messages in the comments section.

Home of the car

Home of the car

Home of the car

Home of the car


★ Volvo C40

  On the eve of Guangzhou Auto Show in 2021, the team in front of car home photographed Volvo C40, which will be officially unveiled at Guangzhou Auto Show. The new car is positioned as a pure electric compact SUV, which will be sold in official import and direct sales mode. The new car continues the design concept of Volvo family, with a closed front grille and triangular headlights on both sides. The inside of the light group is also equipped with LED daytime running lights called "Raytheon Hammer", which is full of domineering. In addition, the cooling opening surrounded by the front of the new car adopts a three-part design, and the triangular patterns on both sides are embedded with horizontal fog lamps.

  In the power part, the new car follows the pure electric version of Volvo XC40 powertrain, equipped with a set of front and rear dual-motor powertrain, with a maximum power of 408 HP, a peak torque of 660 Nm, and an acceleration of 0-100km/h of only 4.7 seconds. In addition, the new car battery pack is 78kWh, and the WLTP cruising range is 420 kilometers.

Home of the car

Home of the car

Home of the car


★ Cadillac XT4 Snow Country Chariot Edition

  On the eve of Guangzhou Auto Show in 2021, we photographed the modified version of Cadillac Snow Country Chariot outside the exhibition hall. The new car is modified based on Cadillac XT4, with an exaggerated off-road style kit, including front searchlight, roof box and off-road tires, and a conspicuous red/orange camouflage on the body, which is full of personality.

Home of the car

Home of the car

Home of the car

★ Modern Elantra n

  Before the opening of Guangzhou Auto Show in 2021, we photographed the real car map of the brand-new Elantra N model in the exhibition hall. The new car is a high-performance version of Hyundai Elantra and will be introduced to the domestic market in the future. The exterior of the new car adopts a very sporty design, and the interior is equipped with an exclusive N-series three-spoke steering wheel. The power system will be equipped with a 2.0T inline four-cylinder turbocharged engine with a maximum power of 280 HP and matched with an 8-speed wet dual-clutch gearbox. In addition, the new car will also be equipped with a front axle electronically controlled limited slip differential. At present, the competitors of this car will be performance steel guns such as golf GTI, so are you looking forward to the arrival of this Korean performance car?

Home of the car

Home of the car

Home of the car


★ Modern Nexo China Edition

  On the eve of the opening of Guangzhou Auto Show, colleagues in front photographed the China version of Hyundai Nexo (tentatively named). The biggest feature of the new car is that it will be driven by hydrogen fuel cells, and its cruising range may reach 805km(NEDC). Its design is inspired by nature and water, which symbolizes the zero emission characteristics of this car. The car will also be equipped with an air humidifier, and the water source is converted from hydrogen energy combustion. Are you looking forward to this new hydrogen energy car that has zero emissions and can solve endurance anxiety?

Home of the car

Home of the car

Home of the car


★ New Subaru Forester

  On the eve of the 2021 Guangzhou Auto Show, we photographed the Subaru Forester model with a mid-term change outside the exhibition hall, and the new car will be launched in China at this Guangzhou Auto Show. The appearance of the new car has been adjusted to conform to Subaru’s latest family design. At the same time, the overseas version of Forester is equipped with 1.8T fuel and 2.0L hybrid power, and the version introduced to China in the future has not yet been announced.

Home of the car

Home of the car

Home of the car


★ Buick GL8 flagship concept car

  On the eve of the upcoming Guangzhou Auto Show, our colleagues in front photographed a new car at the Buick booth. Judging from the big screen information, the new car is suspected to be the flagship concept car of Buick GL8. According to previous news, the concept car was developed by SAIC-GM Pan-Asia Automotive Technology Center, which is aimed at a new market segment of higher-end and more luxurious MPV. Dear bosses worth tens of millions, will you choose Erffa or the new flagship version of Buick GL8, which is more advanced than Avenir Avia?

Home of the car

Home of the car

Home of the car

★ New Sihao E10X

  Car home’s front museum team photographed the real car of the new Sihao E10X. The configuration of this new model has been greatly upgraded, almost reaching the "leapfrog" level, which is worth looking forward to. It is reported that the car will be listed at the Guangzhou Auto Show.

  Sihao official news, the new model has added four-door windows with one-button lifting, 360 panoramic image, boneless wiper, automatic parking radar, and non-inductive entry; In the interior, a 12.8-inch screen (currently 7 inches or 10.25 inches) has been added, as well as smart keys, smart summoning, smart interaction, etc., which adds a lot of sense of technology to this car.

   As for the power part, referring to the current model, Sihao E10X is equipped with lithium iron phosphate battery, and the battery capacity is 15/19.7/30.2kWh, and the corresponding NEDC battery life is 150/200/302km respectively. According to the different endurance, Sihao E10X is equipped with two kinds of motors. The maximum power and torque of the motor are 30kW and 95N·m on the four models with endurance of 150km and 200km, and the driving motor with maximum power and torque of 45kW and 150 N m is used on the model with endurance of 302km. So do you like this high-tech car with leapfrog configuration? Or do you like the mini-car with the highest cost performance? Say your answer in the comments section.

Home of the car

Home of the car

Home of the car

Home of the car


★ New Roewe RX5 MAX

  On the eve of the upcoming Guangzhou Auto Show, our colleagues in front photographed the new Roewe RX5 MAX. As a mid-term redesigned model, the appearance, interior and power of the new car have been upgraded to some extent, and the pre-sale will be officially opened at the Guangzhou Auto Show.

  The appearance of the new car is very eye-catching with split headlights, and the reflector also adopts the shape of "devil’s ear" and is equipped with a hidden door handle. The interior will be equipped with dual 12.3-inch screens, and the high-profile models will also have a BOSE immersive stereo system. In terms of power, the new car will provide 1.5T and 2.0T engines, which are matched with 6AT and 8AT gearboxes respectively.

Home of the car

Home of the car

Home of the car

Home of the car


★ Red Flag E-HS9 Long Life Edition

  On the eve of 2021 Guangzhou Auto Show, car home photographed the long-life version of Hongqi E-HS9. The appearance of the new car is basically the same as that of the current model, and the design language of the current model is still adopted. The straight waterfall grille shape on the front face and the slender LED daytime running lights on both sides make the front face look very atmospheric, and the large-size net creates a very luxurious visual effect for the new car. It is worth mentioning that the NEDC cruising range of the car has reached 690km, which is significantly improved compared with the models currently on sale.

Home of the car

Home of the car


★ modern KONA N

  On the eve of the upcoming Guangzhou Auto Show, our colleagues in front photographed Hyundai KONA N. As Hyundai’s first high-performance SUV, the new car is built on the basis of KONA (domestic version), equipped with a 2.0-liter inline four-cylinder turbocharged engine, with a maximum power of 276 HP and a peak torque of 392 Nm, and an acceleration of 0-100km/h takes only 5.5 seconds. Such a small steel cannon SUV is really a scarce product at the moment. Are netizens looking forward to its arrival? What’s the right price? You are welcome to leave your opinion in the comments section.

Home of the car


Full text summary:

  How’s it going? Did you enjoy the results of the first day of the Guangzhou Auto Show? It doesn’t matter if you’re not addicted. More new cars are coming into the exhibition hall one after another, and we will continue to bring you the related contents of the museum visit tomorrow! Which car are you most looking forward to at this Guangzhou Auto Show? Are you looking forward to its early appearance? Don’t worry, please continue to pay attention to us, and we will continue to bring more updated museum exploration content! (Text/car home Che Wen team; Photo/Report team in front of car home Auto Show)

Shen Haixiong’s "Seeking Truth" article: Learn from history, understand and understand.

CCTV News:According to Qiushi Mobile Newspaper: On June 16th, the 12th issue of Qiushi magazine published a signed article by Shen Haixiong, entitled "Learning History, Understanding and Understanding".

The full text is as follows:

Learn from history, understand and understand.

Shen Haixiong

History is the best teacher. The Communist Party of China (CPC)’s century-long suffering and glory is a magnificent epic in human history. Learning Party History well is a compulsory course, which is a major practical issue, and it is also a lifelong issue for every party member cadre. "If you have faith in your heart, you can go far." Learning the party’s century-old history well is the source of strength for us to constantly strengthen our historical strength and enhance our ambition, backbone and confidence to be Chinese. We deeply realize that the most important thing for us to persist in studying history and understanding is to understand the truth, integrate knowledge and practice, and turn the achievements of learning and education into practical actions to fulfill our initial mission.

On the premise of learning history and understanding, carry out the study and education of party history with high quality

General Secretary of the Supreme Leader profoundly pointed out that the history of the Party is the most vivid and convincing textbook. It has always been our party’s political advantage and glorious tradition to attach importance to studying the history of the party and drawing wisdom and strength from the history of the party. General Secretary of the Supreme Leader delivered a series of important speeches and instructions on the study and education of party history on many occasions, such as the mobilization meeting on the study and education of party history, Politburo meeting of the Chinese Communist Party, the opening ceremony of the training course for young and middle-aged cadres of the Central Party School (National School of Administration), and the group discussion of the National People’s Congress and the National People’s Congress.

On the occasion of the upsurge of learning in the whole party, General Secretary of the Supreme Leader stressed during his inspection in Fujian: "To learn history and be sensible in the study and education of party history, being sensible is the premise of increasing trust, advocating morality and practicing." The important instructions of the General Secretary have given us profound enlightenment. We feel that understanding history, enhancing trust, respecting morality and practicing history are an interconnected and organically unified whole. General Secretary of the Supreme Leader put "learning history and understanding" as the first item, and specially emphasized the "premise" role of "understanding" in it, which has strong ideological, guiding and pertinence, and provided us with an important epistemology and methodology for further studying and educating Party history with high standards and high quality.

Central Radio and Television General Station’s 2021 Spring Festival Gala program "Singing a Folk Song to the Party". Photo courtesy of Central Radio and Television Headquarters

On the premise of understanding history, it is necessary to fully understand the basic role of "understanding" in the study and education of party history.Engels pointed out that where history begins, the ideological process should also begin. It is a great political advantage of our party to persist in ideological party building, be good at using Marxist theory to invigorate and strengthen the party and promote the party’s career process. Looking back on the party’s 100-year history, there is a fundamental law, that is: theoretical sobriety is a firm premise of belief and the most fundamental sobriety. Looking back at all previous centralized education activities in the history of our party, ideological education and theoretical study all started, which is the inheritance of our party’s past experience. Since the 18th National Congress of the Communist Party of China, General Secretary of the Supreme Leader has repeatedly emphasized the importance of party member cadres to strengthen theoretical study, and put theoretical thinking, theoretical accomplishment and theoretical level in an important position. The general secretary profoundly pointed out: "Only when you are sober in theory can you be politically sober, and only when you are firm in theory can you be politically firm." This time, the study and education of party history in the whole party also takes strengthening ideological and theoretical armed forces as the first requirement. On the premise of learning history and understanding reason, we should profoundly understand the "truth flavor" of Marxism from the party’s century-long course, further arm and unite the party and the people with the latest achievements of Marxism in China, and always maintain theoretical sobriety and political firmness.

The premise of learning history and understanding is to achieve "four profound understandings".General Secretary of the Supreme Leader profoundly pointed out, "We should profoundly understand why the Communist Party of China (CPC) can, why Marxism works and why Socialism with Chinese characteristics is good from the brilliant achievements, arduous journey, historical experience and fine traditions of the Party, and make clear the historical logic, theoretical logic and practical logic. We should profoundly understand the historical inevitability of adhering to the Communist Party of China (CPC)’s leadership and strengthen our confidence in the Party’s leadership. We should deeply understand the truth of Marxism and its China-based innovation theory, and strengthen the firmness of consciously implementing the Party’s innovation theory. We must profoundly understand the correctness of Socialism with Chinese characteristics’s road and unswervingly follow the only correct road of Socialism with Chinese characteristics. " These "four profound understandings" condense the profound thinking and strategic consideration of the Supreme Leader’s General Secretary on the century-old party history, which is a specific requirement for "learning history and understanding" and shows deep historical consciousness and strong historical responsibility. On the premise of learning history and understanding, it is necessary to understand the rich connotation of "the key to China’s success lies in the Party", how Marxism profoundly changed China and China, and how Socialism with Chinese characteristics is the only way to realize the great rejuvenation of the Chinese nation. We should always remain sober and firm in "catching the exam", constantly sharpen our initial mission, and constantly enhance our historical consciousness and self-confidence.

On the premise of learning history and understanding, it is necessary to profoundly grasp the truth power and practical power of the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era.General Secretary of the Supreme Leader profoundly pointed out that "the history of our Party is a history of constantly promoting the China of Marxism and a history of constantly promoting theoretical innovation and theoretical creation". There is no end to practice, and there is no end to theoretical innovation. Socialism with Chinese characteristics Thought of the Supreme Leader in the New Era is a concentrated summary of the practical experience since the 18th National Congress of the Communist Party of China. It is also a profound condensation of the historical experience over the past 40 years of reform and opening up, over the past 70 years of the founding of New China and over the past 100 years of the founding of our Party. It has achieved a new historic leap in the China of Marxism, and it is contemporary China Marxism and 21st century Marxism.

Thought is power. Since last year, in the face of the interweaving of the century epidemic and the hundred-year changes, the CPC Central Committee with the Supreme Leader as the core has led the whole party and the people of all ethnic groups across the country to take the road, meet the big exams, seek great events and pass the mark, and handed over an answer sheet that is satisfactory to the people, attracts worldwide attention and can go down in history. China’s total economic output exceeded 100 trillion yuan, accounting for about 17% of the world economy, ranking second in the world; The per capita GDP has exceeded $10,000, steadily moving towards the ranks of high-income countries; Major breakthroughs have been made in comprehensively deepening reforms, major steps have been taken in building democracy and the rule of law, people’s living standards have been significantly improved, and the party has been strictly managed in an all-round way. In particular, the General Secretary of the Supreme Leader personally commanded, deployed and supervised the war, leading the whole party and the people of all nationalities to win the all-round victory in the battle against poverty. For thousands of years, the dream of the Chinese nation getting rid of poverty has been realized in the hands of our generation. The leader’s core and strong leadership of the Supreme Leader’s General Secretary, the Communist Party of China (CPC)’s great image and lofty prestige, and Socialism with Chinese characteristics’s institutional advantages have all been sublimated in the great practice of the new era, and have been more deeply rooted in the hearts of the people in China and abroad, and the cohesion and centripetal force of the party’s heart and people’s hearts have been greatly enhanced.

Each of us is a witness, witness and recorder of this period of history, and has a personal feeling and experience of the truth power and practical power of the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era. On the premise of learning history and understanding, it is necessary to firmly grasp the important theme of learning and understanding Socialism with Chinese characteristics Thought of the Supreme Leader in the new era, deeply understand the extraordinary power of the important exposition of the General Secretary of the Supreme Leader, hold high this great ideological banner and spiritual banner in the new era and new journey, and truly understand this "heart sutra" and master this "true sutra".

Taking audio and video as the media, we should better integrate "learning history and understanding" into the propaganda and reporting of the centenary of the founding of the Party.

The General Secretary of the Supreme Leader attaches great importance to the propaganda and education of the party history, and profoundly points out that "it is a very important work in the overall work of the party and the state to comprehensively publicize the party’s history and give full play to the role of the party’s history in learning from the present and educating people with resources." Emphasize that the history of the party is a vivid teaching material to carry forward the socialist core values, carry out revolutionary tradition education and patriotism education; It is very important to tell stories and tell good stories; Encourage the creation of literary and artistic works on the theme of party history, especially film and television works; Take a clear-cut stand against historical nihilism and strengthen ideological guidance and theoretical analysis. Whether presiding over important meetings, attending important events, or inspecting revolutionary memorial sites, General Secretary of the Supreme Leader personally set an example, telling many touching stories in the history of the Party and vividly expounding the essence of learning history and understanding. For example, the story of Chen Wangdao’s translation of the communist party Declaration, the story of "the quartermaster" and "half a quilt" in the Long March, the story of Comrade Jiao Yulu, the story of Comrade Gu Wenchang, the story of "Qi Xin working together to build Baotou Steel" and "3,000 orphans entering Inner Mongolia", and so on. Over the years, the "red footprint" of the Supreme Leader’s General Secretary has spread all over the north and south of the country. The people’s leaders have set a shining example for us to persist in learning history and telling the story of party history with their words and deeds.

The important exposition and vivid demonstration of the Supreme Leader General Secretary is an important follow-up for us to do a good job in the propaganda and reporting of the centenary of the founding of the Party, and provides a valuable "spiritual mine" for vividly telling the story of the centenary party. We constantly seek inspiration, ideas, themes, inspirations and answers from the important expositions of the Supreme Leader General Secretary. Under the strong leadership of Publicity Department of the Communist Party of China, "Ping" language is close to people — — A large number of stories, connotations and infectious masterpieces, such as Allusions Favored by the Supreme Leader (Season 2), Crossing the Yalu River, Getting rid of Poverty, China in Classics, History of the Party in Art Classics, Red Archives, and The Last Pen, give full play to the advantages of mainstream media’s integration and communication and platform resources, and deeply interpret the important exposition of General Secretary Supreme Leader with audio and video as the media.

Let history reappear in seeking truth.We give full play to the advantages of video and audio to reproduce the century-long history of our party. For example, the 365-episode special report "the Communist Party of China (CPC) Centennial Moment" planned and launched by Voice of China, the general station, and 100 national radio stations is a practice of seeking truth. Almost every issue of this series has precious historical soundtracks, including the speeches of Mao Zedong, Zhou Enlai, Deng Xiaoping and other comrades, as well as the historical soundtracks of Chinese’s first climb to Mount Everest, and a large number of old documentaries and movies. Behind every shocking voice, there are touching historical moments, showing a century-old memory.

Let history live in the pursuit of depth.For example, the large-scale history column "National Memory" shows the close connection between personal experience and the fate of home and country, avoids falling into the trap of empty preaching, and is good at personalized, story-telling and microscopic narration. The story fragments in each episode are almost an independent and complete micro-documentary, and after combination, it is a documentary feature film. This flexible combination arrangement not only allows the audience to know a relatively complete historical detail in a short time, but also allows new audiences to "enter the show" seamlessly. Taking "Resisting US Aggression and Aid Korea to Protect Our Country and Defend Our Country" as an example, the creative team conducted detailed research and combing at home and abroad for one year. Some precious files were decrypted for the first time in the film, and more than 100 precious cultural relics were photographed to resist US aggression and aid Korea. Many historical images were made public for the first time in the film.

Let history be touching in seeking details.The party history program is a creation that fears history, and it needs to be tirelessly pursued and verified in every detail of history. At the end of February this year, we created a six-episode documentary about the education of party history, focusing on the "The Last Written Poem of the Martyrs". How to make the "unique pen" really "see words like a face", we have worked hard, skillfully and carefully in creation. The large-scale integrated media program "Pursuit — — The Story Behind the Red Letters takes the red letters as the breakthrough point, and integrates the stories behind with the true feelings. Letters soaked with smoke and blood show the firm faith of communist party people, and stories of tenacious struggle and struggle show the revolutionary pride of communist party people, which really makes the history of the party come alive and makes the faith burn.

Let history shine in the pursuit of beauty.After a hundred years’ journey, many heroic deeds, touching moments and magnificent pictures have emerged. This great change is also the most precious source of life for art creation. We innovatively published "The History of the Party in Fine Arts Classics", which carries forward the spirit of China with distinctive concreteness and strong artistic tension. It not only depicts the greatness of the great party that led the people of China to create the world, change the world and shake the earth, but also is permeated with the meteorological beauty of high spirits, unremitting efforts and innovation; It not only profoundly reflects the great historical changes of the Chinese nation, but also vividly depicts the spiritual map of communist party people.

On the occasion of the centenary of the founding of the Party, the Central Radio and Television General Station continued to thoroughly study and implement the spirit of a series of important instructions given by the Supreme Leader General Secretary on the work of the General Station, gave full play to the advantages of the General Station in communication channels, production power and platform resources, strived to enhance the leading power, communication power and influence of the propaganda and reports on the centenary of the founding of the Party, and actively created a strong atmosphere of celebrating the centenary birthday and creating great historical achievements.

Give full play to the advantages of integrated communication and do a good job in publicity and reporting.We have carefully planned and made overall plans, deepened the successful practice of promoting the publicity and reporting of the 70th anniversary of the National Day of the General Station, and solidly promoted the live broadcast and other work to ensure that the operations of various types of work and large corps of various systems are smooth and orderly. In accordance with the standard of "world-class, best in history", we actively apply new technologies and means such as 5G, 4K/8K, AI, etc., highlighting the sense of scene and embodying the sense of ceremony, so that the live coverage can be as beautiful and shocking as a movie blockbuster. We will further deepen the working spirit of striving for perfection, being meticulous and pursuing perfection, carefully polish every shot, every picture, every detail and every process, and ensure that all links such as content, technology, transmission and wiring are assured and foolproof, and we will go all out and devote ourselves to presenting the eternal chapter of the grand ceremony perfectly.

The picture shows the recording scene of the special program "National University Students’ Party History Knowledge Contest" creatively launched by the Central Radio and Television General Station. Photo courtesy of Central Radio and Television Headquarters

Give full play to the advantages of producing high-quality programs, persistently pursue Excellence and create first-class.Under the guidance of Publicity Department of the Communist Party of China, we have made solid progress and carefully polished a large number of works, such as Dare to Teach the Sun and Moon to Change the Sky, Years of Mountains and Rivers, Armageddon, Symphony Concert of Music, Poetry and Painting to Celebrate the Centenary of the Founding of the Communist Party of China (CPC), National University Students’ Party History Knowledge Contest and National Red Story Interpreter Competition, and formed the communication trend of "like a pouring of large and small pearls into a plate of jade". Pay attention to the innovative application of new media and new technologies, highlight the youthful and vivid expression, combine grand narrative with wonderful details, reflect the sense of historical depth and distinct sense of the times, create more vivid and vivid "explosive" products, and attract a wide audience, especially young people, to participate in the interaction.

Give full play to the advantages of platform resources and serve the overall situation of the party and the state.We deeply understand the spirit of the important instructions of the Supreme Leader General Secretary and earnestly shoulder the responsibility of the mainstream media. For example, innovate and carry out the "Brand Power Project" — — Media public welfare actions such as "Rural Revitalization Action", "Buy All over China", "Public Welfare Live Broadcasting with Goods" and "Spring Blossoms and National Employment Action" help to do a good job in the "Six Guarantees" work, implement the "Six Guarantees" task, and actively integrate and serve the new development pattern. Give full play to the advantages of the 44-language external communication platform of the General Station, compile and push major political reports and cultural and artistic programs in the century since the founding of the Party, and accurately spread "one country, one policy". Accelerate the improvement of the reception desk’s external communication delivery capability, develop and create a number of flat, peaceful, rigorous, vivid and easy-to-accept external communication fist products, such as the Supreme Leader’s Talk on Governing the Country, the animated micro-documentary, and the documentary "The Track of History", so as to effectively and effectively tell the story of the Communist Party of China (CPC) to the outside world.

Draw wisdom and strength from "learning history and understanding"

Looking back is to move forward better. In the upsurge of party history study and education, we put understanding, increasing trust, respecting morality and practicing throughout the whole process of study and education, and made great efforts in learning party history, understanding ideas, doing practical things and opening up new bureaus, striving for practical results, learning the compulsory course of party history in a down-to-earth manner, and drawing forward wisdom and strength in "learning history and understanding"

Focus on "learning the history of the party", constantly draw spiritual strength, carry forward the red tradition and inherit the red gene.General Secretary of the Supreme Leader systematically explained the spiritual pedigree of the Communist Party of China (CPC) people, and pointed out that "the reason why our Party has been flourishing and enduring hardships for a hundred years is because of such a strong spirit of revolution and desperation". On the basis of organizing party member cadres to seriously study the designated teaching materials, we take Chongqing Hongyan Revolutionary Memorial Hall as the learning and education base of the Party history of the main station, carry out "four hundred", that is, 100 party building papers, 100 party day activities with excellent themes of party history, 100 party history micro-videos and 100 micro-party classes, hold a party history knowledge contest for young cadres, make good use of red resources by combining online and offline, educate and guide party member cadres to firmly establish a correct view of party history, and drum up a new journey.

Focus on "understanding thoughts", constantly draw on the power of truth, and temper the political character of absolute loyalty to the party.Firmly grasp the priority of further understanding the ideological power, take the study and education of party history as an important opportunity, and further make real contributions and seek practical results in learning and understanding Socialism with Chinese characteristics Thought in the new era of being the supreme leader. We innovatively use special party classes, special party day activities, organized life meetings, special reading classes, discussion and exchange meetings, youth theoretical study groups, learning platforms for "learning to strengthen the country", and online party schools at the reception desk, etc., to promote the theoretical armed forces to go deep, go deep and go practical. Intensify the efforts of inspectors to promote learning and examination, educate and guide party member cadres to study article by article, repeatedly understand and feel attentively, constantly improve their political judgment, political understanding and political execution, earnestly enhance their ideological consciousness, political consciousness and action consciousness of resolutely achieving "two maintenance", and unswervingly walk the first phalanx.

Focus on "doing practical things", constantly draw on the strength of the people and practice the people-centered development thinking.Consolidate and expand the educational achievements on the theme of "Do not forget your initiative mind, Keep in mind the mission", adhere to the people-centered creative orientation, go deep into life, take root in the people, constantly enhance the strength, eyesight, brain power and pen power, and strive to improve the artistic level and mass satisfaction of literary, film and television programs. We have carried out the practical activities of "I do practical things for the masses" in a down-to-earth manner, given full play to the resource advantages of the media platform of the reception desk, continued to do a good job in helping the construction of a new era civilization practice center in Gansu, helped the rural revitalization of Xide County in Liangshan, Sichuan, and organized broadcasters and presenters to go deep into the grassroots to carry out public welfare activities and cultural and artistic condolences. Solidly promote the "popular support project" of Zhuozhou housing project, the renovation of old residential areas, the construction of medical associations and enterprise annuities, and sincerely do practical things, do good things and solve difficult problems for employees.

Focus on "opening a new game", constantly draw on the strength of endeavor, and build a world-class new mainstream media with strong leading power, communication power and influence.The General Secretary of the Supreme Leader stressed that it is necessary to combine the study of party history with summing up experience, observing reality and promoting work, and turn learning results into work motivation and results. The purpose of learning is to use. We have made great efforts to promote action through knowledge, to integrate the study and education of Party history with the in-depth study and implementation of the spirit of a series of important instructions of the Supreme Leader General Secretary on the work of the General Desk, and to effectively improve the political ability, strategic vision and professional level of grasping the new development stage, implementing the new development concept and building a new development pattern. We will continue to deepen the transformation of the main station from the traditional radio and television media to the all-media organization that produces and publishes world-class original audio and video, from the traditional program production and broadcasting mode to the deepening of the structural reform of the content production and supply side, and from the traditional technical layout to the strategic pattern of "5G+4K/8K+AI", so as to promote the high-quality development of the main station and achieve greater results, and add luster to the party’s centennial birthday with the practical achievements of the main station staff.

Source: Qiushi 2021/12

Author: Shen Haixiong, deputy director of the Propaganda Department of the CPC Central Committee, director and editor-in-chief of the Central Radio and Television General Station.

Scan of Chinese stocks: A total of 177 Chinese stocks in US stocks fell overnight. ZTO Express’s adjusted earnings per ADS in the third quarter were higher than expected.

Three major US stock indexes overnightMixed up and down,S&P 500 indexIt rose by 0.12% to 4508.24 points.Nasdaq composite indexIt rose by 0.07% to 14,113.67 points.Dow Jones industrial averageIt fell by 0.13% to 34,945.47 points.

Among the US stocks overnight,A total of 81 Chinese stocks rose and 177 Chinese stocks fell..

Popular Chinese stocksAmong them, Alibaba fell by 9.14%, Pinduoduo by 1.20%, Netease by 2.37%, JD.COM by 1.78%, Baidu by 3.15%, New Oriental by 1.73%, Billy by 7.63% and Iqiyi by 4.19%.

New forces of building carsAll fell, LI fell by 4.10%, Weilai fell by 6.80% and Xpeng Motors fell by 6.67%.

[Related News]

ZTO Express’s adjusted earnings per ADS in the third fiscal quarter were higher than expected.

ZTO Express’s adjusted income per ADS in the third fiscal quarter was 2.83 yuan, and analysts expected 2.81 yuan; After adjustment in the third fiscal quarter, EBITDA was 3.44 billion yuan; Revenue in the third fiscal quarter was 9.08 billion yuan, and analysts expected 9.97 billion yuan.

Cai Chongxin responded to Alibaba Cloud’s suspension of spin-off: the big environment has changed, and now it is necessary to show the value of cloud business through further investment.

On the conference call of Ali Financial Report, some investors asked whether Alibaba Cloud’s listing plan would be suspended or cancelled forever, and whether Alibaba Cloud’s spin-off would be reconsidered after the market situation changed. In this regard, Cai Chongxin, Chairman of the Board of Directors of Alibaba Group, did not give a clear answer. Cai Chongxin said that at that time, I wanted to do the complete spin-off of Alibaba Cloud because I wanted to show the real value of the business through the so-called financial engineering. At that time, Alibaba Cloud’s big environment, the whole operation was predictable, and the growth trend of the business could be displayed to investors transparently. "Now the big environment has changed. Now we no longer show the value of the cloud business through financial engineering, but through further investment, and we will seek to improve its growth, including revenue and profit." (The Paper)

Alibaba: Take businesses and products that meet the needs of users and the trend of AI-driven change as the first priority.

Wu Yongming, CEO of Alibaba Group, said that Alibaba Group will play a better role in strategic incubation. On the one hand, for businesses and products that meet the needs of users and the trend of AI-driven change, it is the first priority; On the other hand, for future-oriented innovative products, we will resolutely invest in long-term ideas, while maintaining strategic patience, and take three years as the evaluation and value test cycle to cultivate new business and new kinetic energy for Alibaba’s future development. (CBN)

Ali CEO Wu Yongming: Alibaba Cloud maintains an independent company operation and adopts the CEO responsibility system authorized by the board of directors.

According to The Paper, on the evening of November 16th, Wu Yongming participated in the quarterly earnings analyst conference call for the first time as CEO of Alibaba Group. On the basis of clarifying the reform measures of Alibaba Group, Wu Yongming introduced the development strategies and priorities of various business groups completely. Taobao Tmall adheres to the strategy of consumption classification and price power; Alibaba Cloud will adhere to the principle of "AI-driven, public cloud first" and develop with two-wheel drive of AI and cloud computing. Ali Group will maintain a long-term firm investment in the strategic direction of Alibaba Cloud, while Cloud Intelligence Group will continue to operate as an independent company and adopt the CEO responsibility system authorized by the board of directors.

Ali’s 1688, Idle Fish, Nail and Quark will operate as independent subsidiaries in the future.

According to the Securities Times, on the evening of November 16, at the conference call of financial analysts, Wu Yongming, CEO of Alibaba Group, announced the first batch of strategic innovative businesses-1688, idle fish, nails and quarks. In the future, these strategic innovative businesses will be organized as independent subsidiaries, and the business will break the previous positioning restrictions within the group. Ali will continue to invest in 3-5 years. Wu Yongming also clarified the selection criteria for strategic innovation business for the first time: having a huge enough market space; Have a unique market positioning; In line with the user demand trend and the group’s "AI-driven" strategy. "Successful technology companies must have the ability to cross the technology cycle," Wu Yongming said. Facing the AI ? ? era, Ali will resolutely devote himself to the technology revolution and product innovation, create innovative business and technology products, and meet the new expectations and new demands of the expanding market for products and services.

Alibaba Wu Yongming: Prioritizing user purchase frequency over GMV is the most critical goal of platform operation.

Wu Yongming, CEO of Alibaba, said that Taobao will adhere to the positioning of Internet consumption platform, and Taotian Group will not position itself as a retail company. Starting from the positioning of consumption platform, we will adhere to the user-first perspective in strategy, and take improving platform stickiness and customer retention as the core goal. From the perspective of operation, we will take the priority of user purchase frequency over GMV as the most critical goal of platform operation, and the purchase frequency directly reflects the user’s recognition of the consumption platform. (Sina Finance)

Alibaba Wu Yongming: Rookie will accelerate the construction of global intelligent logistics network.

Alibaba CEO Wu Yongming said that for the next three years, the rookie’s core strategy is to accelerate the construction of global intelligent logistics network, increase investment in logistics technology, seize the historical opportunity of rapid development of cross-border e-commerce, and achieve rapid growth of international business by providing innovative products for cross-border e-commerce platforms and businesses; Adhere to the road of differentiation in China, export scientific and technological capabilities, help brand merchants and manufacturers improve the digital and intelligent level of logistics, provide high-quality, multi-platform and omni-channel supply chain and logistics solutions for brand merchants and consumers, and maintain the healthy development of business. (Sina Finance)

Ali CEO Wu Yongming: Insist on "Universal Taobao" and regard price power as the core strategy of commodities at all levels.

According to CBN, on the evening of November 16, at the conference call of financial analysts, Wu Yongming, CEO of Alibaba Group, said that the business priority of Taobao Tmall would be further clarified-users first. Focusing on users first, Taobao has three persistences: insisting on being a "universal Taobao", insisting on the strategy of consumption classification and price power, and insisting on the user value positioning of the Internet consumption platform. Wu Yongming believes that Taobao should firmly be a comprehensive platform to meet the multi-level needs of the largest consumer groups in order to increase the frequency of purchases. This is Taobao Tmall’s choice to keep growing in today’s competitive landscape. Taobao will also implement a multi-level market strategy and price power strategy within an APP. Wu Yongming said that Taobao is a super APP, covering three mainstream sales models: live content-driven model, brand marketing model and daily low-price model, and has the ability to accommodate multiple product stratification and multiple value propositions from brands to white brands. I hope that through the iteration of AI technology and operation mode, Taobao will truly become a consumer APP that embraces diversified markets, and take price power as the core strategy of commodities at all levels.

Alibaba: In FY 2023, the total annual dividend will be about $2.5 billion.

Alibaba announced that the board of directors has approved the distribution of the annual cash dividend for fiscal year 2023 to the holders of common shares and American Depositary Shares registered at the close of business on December 21, 2023, Hong Kong time and new york time, with the amount of 0.125 USD per common share or 1.00 USD per American Depositary Share, respectively, to be paid in USD. The total dividend is about $2.5 billion.

Alibaba: The number of employees decreased by 3,720 in a single quarter.

Alibaba Group released its report for the second fiscal quarter of fiscal year 2024 as of September 30, 2023, with a total of 224,955 employees and 228,675 employees as of June 30, 2023.

Alibaba: Rookie’s revenue in the second fiscal quarter increased by 25% year-on-year

Alibaba Group released the second fiscal quarter report of fiscal year 2024 as of September 30, and the single-quarter revenue of Cainiao Group was 22.823 billion yuan, a year-on-year increase of 25%. According to the number of parcels delivered in 2022, Cainiao has become the world’s number one cross-border e-commerce logistics company. This quarter, Cainiao launched the flagship product of cross-border logistics "Global 5-Day Reach", covering 8 countries and regions. This quarter, the rookie adjusted EBITA to 906 million yuan.

Alibaba: Repurchase about 18.6 million American Depositary Shares for about $1.7 billion.

Alibaba announced that about 18.6 million American Depositary Shares (equivalent to 148.4 million ordinary shares) were repurchased for about $1.7 billion in this fiscal quarter according to the company’s share repurchase plan.

Alibaba: In September, Taobao app users achieved healthy year-on-year natural growth.

Alibaba’s financial report pointed out that as of September 30, 2023, thanks to our content and price competitiveness strategy, Taobao app users achieved healthy year-on-year natural growth. As we continue to increase interactive content and expand the categories of goods with competitive prices provided by existing and new businesses, the number of buyers and orders recorded an increase in this quarter. In addition, the number of 88VIP members in this quarter exceeded 30 million, achieving double-digit growth year-on-year. The 15th Tmall double 11 Global Carnival Season of Taotian Group was successfully concluded, and its participating merchants, trading buyers and orders all recorded positive growth compared with the same period of last year.

Alibaba: The expansion of export control rules in the United States may have a major adverse impact on Cloud Intelligence Group.

Alibaba’s financial report pointed out that in October 2023, the United States expanded its export control rules and further restricted the export of advanced computing chips and semiconductor manufacturing equipment to China. In our opinion, these new restrictions may have a significant adverse impact on the ability of Cloud Intelligence Group to provide products and services and to perform existing contracts, thus negatively affecting our operating performance and financial position. These new restrictions may also have a broader impact on many of our related businesses and limit our ability to upgrade our technology.

Alibaba: Box Ma Xiansheng’s IPO plan has been suspended.

Alibaba’s financial report shows that Box Horse Xiansheng’s IPO plan has been suspended, and we are evaluating the market situation.

Alibaba: Resolutely increase strategic investment in Alibaba Cloud and no longer promote complete spin-off

On November 16, Alibaba Group’s financial report revealed that due to various uncertainties, the complete spin-off of Cloud Intelligence Group will no longer be promoted. At the same time, Alibaba will resolutely increase its sustained strategic investment in Alibaba Cloud to ensure that Alibaba Cloud will focus on the development strategy of "AI+ cloud computing" and build a technologically advanced cloud computing service in the AI era.

Alibaba’s Q2 revenue in fiscal year 2024 was 224.79 billion yuan, a year-on-year increase of 9%.

Alibaba’s Q2 revenue in fiscal year 2024 was 224.79 billion yuan, a year-on-year increase of 9%; The adjusted net profit was 40.19 billion yuan, a year-on-year increase of 19%; After adjustment, EBITDA was 49.24 billion yuan, a year-on-year increase of 14%; After adjustment, the income per ADS was 15.63 yuan, compared with 12.92 yuan in the same period of last year. The total dividend will be about $2.5 billion; The board of directors approved the annual cash dividend of $0.125 per common stock. Ant Financial contributed $116 million in profits to Alibaba in the second quarter.

Ali Health: It will be held at the board meeting on November 28th.

Ali Health announced on the Hong Kong Stock Exchange that a board meeting will be held on Tuesday, November 28, 2023, with the purpose of considering and passing (including) the unaudited interim results of the Company and its subsidiaries for the six months ended September 30, 2023, and considering the proposal to pay interim dividends (if any).

Ma Yun Family Trust intends to reduce Alibaba’s holdings.

According to the 144 documents disclosed by official website of the US Securities and Exchange Commission (SEC), Ma Yun’s family trust JC Properties Limited (a British Virgin Islands company) and JSP Investment Limited (a British Virgin Islands company) intend to reduce their holdings by 5,000,000 shares of Alibaba’s founder respectively on November 21st. It involves a total stock market value of 870.7 million US dollars.

Sina and Huawei reached a cooperation to start the development of native applications in HarmonyOS such as Weibo.

According to Sina News, today, Sina Group and Huawei held the launching ceremony of HarmonyOS native application development, officially announced the development of HarmonyOS native application of Weibo and Sina News, and launched comprehensive and in-depth cooperation in the fields of technological innovation, industrial application and commercial cooperation.

Netease’s revenue in the third quarter was 1.54 billion yuan, up 9.7% year-on-year.

On November 16th, according to Netease’s financial report, in the third quarter of 2023, Netease had a net revenue of 1.54 billion yuan, a year-on-year increase of 9.7%, and its gross profit margin increased to 55.9%.

Alipay responded that the membership service "collapsed": the situation was quickly fixed.

On November 16th, Alipay customer service official Bo issued a document saying that this afternoon, a small number of users did not access the Alipay member channel smoothly, and the situation was quickly fixed.

JPMorgan Chase reduced its long position in Hong Kong shares in Xpeng Motors from 5.13% to 4.73%.

According to HKEx documents, JPMorgan Chase reduced its long position in Hong Kong shares in Xpeng Motors from 5.13% to 4.73% on November 13th.

Netease Q3 financial report: net income of 27.3 billion yuan, self-developed large-scale model batch landing business front line.

On November 16th, Netease released the Q3 financial report for 2023. In the third quarter, Netease’s performance was steady with a net income of 27.3 billion yuan; Under non-GAAP, the net profit attributable to shareholders of the company was 8.6 billion yuan; The R&D investment in a single quarter was 4.3 billion yuan, and the R&D investment in the first three quarters of this year has exceeded 12 billion yuan. During the quarter, Netease AI’s self-developed large-scale model was applied in batches in core business and physical scenes, and at the same time, technology was used to help the smart Asian Games, increase the protection of minors, and innovate to play the social value of technology.

LI: The ideal MEGA Max is expected to sell for less than 600,000 yuan.

On November 16th, LI Guanwei announced that the Ideal MEGA will open the reservation at 9:40 on November 17th, 2023. The expected price of the ideal MEGA Max is less than 600,000 yuan, and the official price will be announced at the press conference in December 2023. The ideal MEGA delivery will start in late February 2024.

Xiao Yafei, Secretary of Dongguan Municipal Party Committee, met with Li Yanhong, Chairman and CEO of Baidu.

According to WeChat official account news of WeChat released by Dongguan, Xiao Yafei, secretary of Dongguan Municipal Party Committee, met with Robin Li, founder, chairman and CEO of Baidu, and his party on November 15th. The two sides had in-depth exchanges on deepening strategic cooperation and promoting the high-quality development and high-level application of artificial intelligence. Xiao Yafei said that at present, Dongguan is vigorously cultivating and developing the artificial intelligence industry. It is hoped that the two sides will explore cooperation and deepen the research and development of artificial intelligence technology in digital economy, manufacturing, smart cities, etc., and help Dongguan seize the emerging industries such as artificial intelligence, big data and computing power, and promote the intelligent transformation and digital transformation of traditional advantageous industries. Li Yanhong expressed the hope that the two sides will further deepen mutually beneficial cooperation, accelerate the application of artificial intelligence technology in various fields, and promote the deep integration of artificial intelligence with service industry and manufacturing industry.

Xiao Yafei, secretary of Dongguan Municipal Party Committee, met with Li Yanhong, founder, chairman and CEO of Baidu.

According to WeChat official account news of WeChat released by Dongguan, Xiao Yafei, secretary of Dongguan Municipal Party Committee, met with Robin Li, founder, chairman and CEO of Baidu, and his party on November 15th. The two sides had in-depth exchanges on deepening strategic cooperation and promoting the high-quality development and high-level application of artificial intelligence. Xiao Yafei said that at present, Dongguan is vigorously cultivating and developing the artificial intelligence industry. It is hoped that the two sides will explore cooperation and deepen the research and development of artificial intelligence technology in digital economy, manufacturing, smart cities, etc., and help Dongguan seize the emerging industries such as artificial intelligence, big data and computing power, and promote the intelligent transformation and digital transformation of traditional advantageous industries. Li Yanhong expressed the hope that the two sides will further deepen mutually beneficial cooperation, accelerate the application of artificial intelligence technology in various fields, and promote the deep integration of artificial intelligence with service industry and manufacturing industry.

The national medical insurance negotiation in 2023 is expected to be held in Beijing tomorrow.

Blue Whale reporter learned from many sources today that the national medical insurance negotiation in 2023 is expected to be held at the International Exchange Center of Beijing National Federation of Trade Unions tomorrow (November 17). This time, there are not only many PD-1 varieties, such as Karelizumab from Hengrui, Cinda Bio’s Cindilizumab, Baekje Shenzhou’s Tirelizumab, but also the "high price" CAR-T for "Second Palace". (Blue Whale Finance)

Resolutely implement the major decision-making arrangements of the CPC Central Committee and the State Council, and take rectification as an opportunity to promote the healthy and sustainable developm

  Hangzhou, 13 April (Reporter Liu Leping) On the morning of the 13th, the Standing Committee of the Provincial Party Committee held a meeting to further study and implement the spirit of the important speech delivered by General Secretary of the Supreme Leader at the ninth meeting of the Central Financial and Economic Committee, deepen the research and deployment, strengthen the supervision of the platform economy, and promote the healthy and sustainable development of the platform economy.

  Yuan Jiajun, secretary of the provincial party committee, presided over.

  The meeting pointed out that since the Central Economic Work Conference last year, the General Secretary has published a series of important expositions on promoting the standardized, healthy and sustainable development of the platform economy, especially at the ninth meeting of the Central Financial and Economic Committee, which pointed out the way forward and provided fundamental follow-up for the better development of the platform economy in the new development stage. We should thoroughly understand the spirit of the General Secretary’s important speech, resolutely unify our thoughts and actions with the spirit of the General Secretary’s important speech, further improve our political stance, strengthen our political responsibility, resolutely implement the major decision-making arrangements of the CPC Central Committee and the State Council on promoting the healthy and sustainable development of the platform economy, and resolutely achieve the "two safeguards" with practical actions.

  The meeting stressed that it is necessary to comprehensively and accurately understand and grasp the spiritual essence and core essence of the series of important expositions of the General Secretary on promoting the healthy and sustainable development of the platform economy, and firmly grasp the correct direction of promoting the healthy and sustainable development of the platform economy. We should profoundly grasp the increasingly prominent position and role of platform economy from the overall situation of China’s economic and social development, and fully understand that platform economy is an important aspect of improving China’s international economic competitiveness and influence; Grasp the overall considerations, working principles and key tasks of the healthy and sustainable development of platform economy norms from the strategic height of building a new competitive advantage of the country, adhere to the correct political direction, pay equal attention to development and norms, focus on the long-term, take into account the current situation, fill shortcomings, strengthen weaknesses, establish and improve the platform economy governance system, strive to create an innovative environment, and strive to solve outstanding contradictions and problems.

  The meeting fully affirmed that since last year, our province has issued 20 regulations on platform economy, launched "Zhejiang Fair Online", and the rectification work of enterprises has been promoted in an orderly manner, emphasizing the need to do a good job in rectification and implementation, further strengthen coordination, urge and guide Alibaba and Ant Group to comprehensively rectify, compact the main responsibility of enterprises for rectification, and ensure that rectification tasks are completed on time and with high quality. It is necessary to do a solid job in stabilizing social expectations and market expectations, comprehensively promote platform enterprises in the province to enhance compliance awareness, strengthen compliance management, improve the compliance system, achieve standardized development, and effectively protect the rights and interests of platform market entities.

  The meeting emphasized that the standardized development of the platform economy is a milestone and a major opportunity to enhance competitiveness and move towards high quality. We should continue to be in the forefront and set a good example in promoting fair competition in platform economy, regulatory innovation and enterprise competitiveness as a whole, and make new contributions to the overall development of the country. We must firmly shoulder the mission of "important window", adhere to the correct political direction, pay equal attention to development and standardization, adhere to the "two unwavering", adhere to the guidance of digital reform, build a dynamic and innovative institutional environment, establish and improve the platform economy governance system, coordinate development and safety, and comprehensively enhance the competitiveness of platform economy innovation. We will take the lead in building rules and regulations, comprehensively strengthening the key technologies at the bottom, guiding platform enterprises to better serve the real economy and the entrepreneurial innovation of small and medium-sized enterprises, building "industrial brain+future factory" and "urban brain+future community", promoting the healthy and sustainable development of financial technology norms, comprehensively strengthening and innovating platform economic supervision and improving the intelligent supervision mechanism of the whole chain, and promoting the platform economy to better serve the overall situation of the country, the leading province of socialist modernization and the demonstration zone of common prosperity with high quality development, and better serve.

Pollen disease occurs frequently in autumn. Why are we allergic to pollen?

The following article comes from pediatrician Hu Liang and author Hu Liang.

Pediatrician Hu Liang.

Allergy doctor, popular science author

Author: Hu Liang

Youth Committee of Asthma Group of Pediatric Branch of Chinese Medical Association/Youth Committee of Chronic Cough Group of Pediatric Branch of Chinese Medical Association

Sina Weibo is a popular blogger/serving thousands of allergic patients.

Every autumn, many people will encounter allergic symptoms such as itchy nose, itchy eyes, cough, itchy skin and even difficulty breathing. This seasonal allergy is called autumn pollinosis. According to the data of the World Health Organization (WHO), about 10-30% of the global population is affected by seasonal allergic rhinitis. So, why are we allergic to pollen? How to prevent and treat it?

01

What is hay fever?

Hay disease, also known as seasonal allergic rhinitis, is an allergic reaction caused by plant pollen. Pollen is a tiny powdery substance, which is the male reproductive cell of plants and is used for pollination and reproduction. Pollen will enter the air when it is spread by wind, insects or other media. If these pollen are inhaled or come into contact with our eyes, nose, skin and other parts, it may trigger an overreaction of the immune system and lead to various discomfort symptoms.

02

Why are hay fever frequent in autumn?

1. The peak of plant pollen: Autumn is the peak of pollen for many plants, especially weeds. Common sensitized plants include ragweed, wormwood, Humulus Humulus, Chenopodiaceae and so on. The dry weather and strong wind in autumn make it easier to spread pollen into the air, which leads to more frequent contact with pollen.

2. Allergic reaction of immune system: The human immune system was originally used to protect us from harmful substances, but for some people, their immune system mistakenly regards pollen as an "intruder" and produces antibodies to fight against these pollen. This process releases a chemical called histamine, which causes allergic symptoms such as stuffy nose, runny nose, sneezing and itchy eyes.

3. Genetic and environmental factors: Allergic constitution has a certain genetic tendency. If parents or family members have a history of allergies, the possibility of allergies in their children will also increase. In addition, environmental factors such as air pollution, indoor and outdoor temperature difference, etc., may also aggravate pollen symptoms.

03

Common symptoms of hay fever

The symptoms of autumn pollinosis are diverse, and the common ones are:

Nasal symptoms: runny nose, stuffy nose, sneezing, itchy nose, etc.

Eye symptoms: itchy eyes, tears, redness, conjunctivitis, etc.

Respiratory symptoms: cough, itchy throat, asthma, etc.

Skin symptoms: itchy skin, rash, urticaria, etc.

These symptoms may affect daily life and work, so timely prevention and treatment is particularly important.

04

How to prevent autumn pollinosis?

1, reduce contact with pollen:

Pay close attention to the pollen index: you can know the daily pollen concentration through weather forecast or special pollen monitoring website, and try to reduce outdoor activities during the pollen peak period.

Avoid going out during peak hours: pollen concentration usually peaks in the morning and evening, so try to avoid going out during these hours.

Close doors and windows: In the high pollen season, try to close doors and windows and use air conditioners or air purifiers to keep indoor air clean.

2. Maintain personal hygiene:

Wash your face and hands frequently: After going home, wash your face and hands in time to avoid pollen residue.

Change clothes: Change clothes in time after going out to prevent pollen from entering the room.

Nose washing: Using normal saline to wash the nasal cavity can effectively remove pollen and other allergens in the nasal cavity.

Pollen blocking agent: before going out, applying pollen blocking agent around the nostrils can effectively block pollen from entering the nasal cavity and reduce the occurrence of allergic reactions.

3, improve the indoor environment:

Use an air purifier: An air purifier can filter pollen and other allergens in the air and keep the indoor air fresh.

Cleaning household items: regularly clean sheets, curtains, carpets, etc. to reduce the accumulation of pollen and dust mites.

Maintain moderate humidity: moderate humidity can reduce the pollen concentration in the air, but too high humidity may lead to mold growth.

05

Treatment of autumn pollinosis

1, drug therapy:

Antihistamines: Antihistamines can prevent the action of histamine and relieve symptoms such as itchy nose, runny nose and sneezing. Common antihistamines are loratadine and cetirizine.

Nasal hormone spray: nasal hormone spray can effectively alleviate nasal symptoms, such as mometasone furoate and fluticasone propionate.

Nasal decongestant: nasal decongestant can temporarily relieve nasal congestion, but it should not be used for a long time to avoid rebounding nasal congestion.

2, immunotherapy (desensitization therapy):

Desensitization therapy: Desensitization therapy, also known as specific immunotherapy, is to gradually increase the exposure of patients to specific allergens, so as to make their immune system tolerant, thus alleviating or eliminating allergic symptoms and obtaining long-term curative effect. Desensitization treatment needs to be carried out under the guidance of a doctor, usually lasting for 3-5 years. At present, the desensitization schemes for autumn pollen can be routinely obtained in China, including sublingual drops of Artemisia annua and sublingual sprays of ragweed and Artemisia argyi.

3, omalizumab treatment:

Omalizumab (omalizumab) is a monoclonal antibody drug, which has been proved to be effective for severe allergic asthma and chronic spontaneous urticaria by binding with IgE and blocking its mediated allergic reaction. Studies have shown that omazumab also has a significant effect on some patients with refractory hay fever. According to a systematic review and meta-analysis in 2022, omazumab showed good effect in the treatment of hay fever, significantly reducing the symptom score and drug demand.

Usage: Omazumab is usually given by subcutaneous injection, which needs to be given before hay fever comes. The specific dosage and frequency need to be determined according to the patient’s weight and IgE level.

06

tag

Although autumn pollinosis is miserable, as long as we understand its causes and take scientific prevention and treatment measures, we can completely alleviate the symptoms and enjoy a comfortable autumn.

[Author of this article]

Hu Liang

Pediatricians insist on evidence-based

Continue to slide to see the next touch to read the original text.

Vigorous and slide up to see the next one.

Original title: "Autumn pollinosis is frequent, why are we allergic to pollen? 》

Read the original text

News observation: promoting consumption "combination boxing" and supporting urban "fireworks"

CCTV News:A few days ago, the the State Council executive meeting deployed a package of policies and measures to speed up economic stabilization, which came into effect to help enterprises tide over the difficulties and protect people’s livelihood. Since late May, many places have intensively released a series of measures to promote consumption, covering online and offline consumption scenarios. Insiders pointed out that with the obvious effect of epidemic prevention and control, various policies will gradually become effective, and the "fireworks gas" of economic and social development is gradually returning.

In Chengdu, Sichuan, coupons with a total face value of 240 million yuan are being distributed, and the first round of 660,000 coupons have been collected.

Hainan Sanya Wenlv and Commercial Department jointly launched a series of preferential products and issued coupons with more than 100 enterprises, and major duty-free shops also launched a series of promotional activities, which attracted many customers to buy.

In addition, Taiyuan, Shanxi invested 420 million yuan to issue coupons, Guizhou started to issue 140 million yuan of coupons for retail culture, sports and catering, and Qingdao, Xiangtan and other places also issued coupons of 10 million yuan during the Dragon Boat Festival. Beijing, Shanghai, Guangdong and other places have even introduced supporting policies on promoting automobile consumption and replacing old appliances with new ones to meet the consumer demand of citizens.

Shanghai has launched 50 measures in eight aspects to speed up economic recovery and revitalization. Among them, strong measures such as vigorously promoting the recovery of consumption, introducing new non-operating bus license quotas, providing subsidies for the purchase of pure electric vehicles, and implementing the old-for-new plan for home appliances.

Beijing has issued 45 measures to stabilize growth in six aspects, which will accelerate the recovery of bulk consumption and new consumption and tap consumption potential more vigorously. Before the end of 2022, the maximum subsidy for eligible "trade-in" new energy vehicles will not exceed 10,000 yuan per vehicle.

Shenzhen issued 30 measures to promote the sustainable recovery of consumption, in terms of consumer electronics and household appliances, 5-mdash; During August, the purchase of qualified related products will be subsidized according to 15% of the sales price, with a cumulative maximum of 2,000 yuan per person. Many merchants also superimposed promotional activities, and the sales volume of offline stores in Huaqiang North and other business districts continued to climb.

Experts pointed out that multiple rounds of consumer vouchers and digital RMB issuance are driving the growth of online and offline consumer users and transaction amount, and the "fireworks" of social and economic development is gradually returning.

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.

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.

Forward ~

More news

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

Read the original text