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

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

Sanitation workers sweep the streets in the cold wind

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

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

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

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

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

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

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

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

Editor: Feng Ye

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

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

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

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

Image source: Xiaomi

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

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

Image source: Xiaomi

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

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

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

Image source: Lenovo

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

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

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

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

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

Image source: Chasing Technology

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

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

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

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

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

Image source: Youdao

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

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

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

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

Image source: JD.COM

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

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

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

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

Image source: JD.COM

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

　　Establish and improve a long-term mechanism

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

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

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

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

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

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

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

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

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

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

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

　　The key to a good policy is implementation.

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

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

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

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

　　Ge Mengchao Yu Jingxian Plateau

I. Meaning of price level?

The price level of a society is determined by the average price of the whole society, not the price of a certain item or a certain category of goods. It is a very important indicator to measure the market consumption capacity and analyze its economic situation. At the same time, it also represents the middle value of the common labor income of material producers in the whole society, so the price level is not determined by individuals or individual groups, but by the labor productivity of the whole society. ????

Two, the price level measurement index and legal accounting institutions

The most commonly used Consumer Price Index (CPI) in the international community, also known as consumer price index (CPI), is used as an indicator to measure the price level. The National Bureau of Statistics mainly investigates the consumer prices of residents, which are divided into eight categories: food, alcohol, tobacco, clothing, housing, daily necessities and services, transportation and communication, education, culture and entertainment, medical care, and prices of other goods and services. The National Bureau of Statistics announces the CPI increase level last month every month, which is the change of price level. The consumer price index (CPI) of our city is legally counted by the Qinzhou investigation team of the National Bureau of Statistics. ????

Third, the significance of price level accounting?

Measuring the price level of a region mainly depends on the change of CPI. CPI is an important economic indicator reflecting the changes in the price level of consumer goods and services related to residents’ lives, and it is also an important indicator of macroeconomic analysis and decision-making and national economic accounting. Generally speaking, the level of CPI directly affects the introduction and strength of the country’s macroeconomic regulation and control measures, and is the direction standard of market price regulation. ????

Four, the basic situation of the current price level in our city and the comparison with other places.?

（一）、我市物价水平基本情况。据国家统计局钦州调查队调查统计，?1—5月份，各月CPI同比涨幅分别为0.7%、1.8%、1.4%、2.1%、2.0%?；1-5月（CPI）同比累计上涨1.6%。统计数据显示，我市物价水平处于温和上涨区间，比年初市政府制定的3%以内控制目标低1.4个百分点，居民消费价格指数涨幅处在可控范围之内。????

（二）、我市物价水平与各地对比。我市1-5月（CPI）同比累计上涨1.6%。①与全国平均水平及北上广三个城市平均水平相比。比全国平均水平2.1 %低0.5个百分点；比北京市平均水平1.3%高0.3个百分点，比上海市平均水平3.1%低1.5个百分点，比广州市平均水平2.8%低1.2个百分点；②与广西壮族自治区平均水平及毗邻地区相比。比广西壮族自治区平均水平2.2 %低0.6个百分点，比毗邻地区的南宁市1.9%低0.3个百分点，比北海市的1.7%低0.1个百分点，比防城港市的1.0%高0.6个百分点，在广西壮族自治区14个设区市中，我市CPI同比涨幅排名第九位居中下水平。由此可见，我市的物价处于中等水平。????

5. Why do residents in our city feel that prices are higher at present????

1. The price of food has increased significantly, which is deeply felt by residents. ????

From the eight categories of prices that constitute the consumer price index (CPI), from January to May, the eight categories of prices showed a trend of "five rises and three falls", and the prices of food, tobacco, alcohol, clothing, daily necessities and services, education, culture, entertainment and medical care increased by 5.5%, 2.4%, 1.3%, 2.5% and 0.7% respectively. Obviously, food prices are leading the way. The daily necessities that residents contact most are food, especially during the strong cold weather attack and the Spring Festival at the beginning of this year, the prices of pork and vegetables climbed to a record high, and the prices in residents’ "food baskets" felt heavy, which also affected consumers’ psychology. ????

At present, the price of food, which mainly drives the increase of CPI, is affected by the government’s macro-control, and the increase of pork price will gradually narrow and is expected to stabilize; After the Spring Festival, with the warmer weather, the climate is relatively stable, seasonal fresh vegetables are on the market, the market supply is gradually increasing, and the price of vegetables has dropped significantly compared with the previous period. Since mid-March, the vegetable market price has started to show a downward trend. At present, the local leafy vegetables prices are between 2-3 yuan/500g, and the price has dropped by 10% compared with the previous period.

2. The public has a vague concept of price level. People have a misunderstanding. When they see the price of a certain commodity is high, they say that the price level is high, and they don’t understand or understand the meaning of the price level enough. For example, the price of pig’s foot powder, which belongs to the market-adjusted price, was 7-8 yuan per bowl in the previous two years. Now, due to the rising labor costs and raw material prices, the price of pig’s foot powder has increased to 9 yuan, and some consumers only see the price increase of pig’s foot powder, which is a fuzzy measure of the high market price level. For example, in the past two years, the prices of household appliances, mobile phones, daily industrial products, industrial means of production and real estate in the market have all fallen to varying degrees, which has played a pulling role in the price level and some consumers have ignored it. This is a manifestation of the vague understanding of the concept of price level. ????

6. Why do you feel that the prices in small cities are higher than those in big cities???

1. From the consumption level. Everyone’s income level is different, and their tolerance for prices is also different. High-income groups such as big enterprises, big groups, big finance, big consortia, central enterprises and state-owned enterprises are concentrated in big cities, while the industrial capacity of small cities is not strong, and high-income groups are mainly civil servants and state-owned enterprises and institutions, which also causes residents to feel different about price changes. For example, the price of a bowl of beef powder was originally sold in 8 yuan, but later it was sold to 10 yuan because of the rising labor costs and raw material prices. The consumer groups in big cities are not very strong, but they feel differently in small cities. ??

2. From the point of view of competition. Big cities have a large population, a large flow of people and a large consumption of goods. Full market competition will improve efficiency and lower prices. For example, if you sell beef powder, you can sell 500 Jin a day in a big city, but you may only sell 50 Jin in a small city. Selling 500 Jin to earn one yuan will be very impressive. Because of market competition, it will not be a big loss to make another Jin to earn 0.9 yuan. If a small city sells 50 kilograms, it is estimated that it can still make a living if it earns one yuan per kilogram. If it makes a profit again, it is estimated that it is difficult to make a living in 0.9 yuan. In addition, small cities generally have so-called "general agents" and other agents, and the formed commodity prices may not necessarily reflect the fully competitive market prices. ????

3. From the perspective of supply. In big cities, industries, manufacturing, commodities and services are relatively developed, and the supply is relatively sufficient, while in small cities, there is a structural shortage. For example, basic consumer goods, oil, salt, sauce and vinegar may not be much more expensive in small cities than in big cities. Because the local property or production area is close and the labor cost is low, it may be cheaper. In big cities, there are many brands and wide choices, and the competition between manufacturers and merchants is fierce, which may lead to the price of some necessities being lower than that in small cities.

4. From the perspective of logistics cost. The demand for goods in big cities is large, the logistics cost is relatively low, and the price will naturally be low. The logistics cost from big cities to small cities will be attached to the selling price of goods, and the price in small cities will naturally be higher. ??

The above reasons will lead to lower prices in big cities than in small cities, and the feeling that prices in small cities are higher than in big cities will arise. ????

Seven, the price department to regulate and supervise the market price measures.

With the development of market economy, the scope of government pricing has gradually decreased. Except for a few commodities, more than 95% of commodity prices are mainly formed by market mechanism. So does the price department need not care about the market price? That’s not true. The following are the main measures taken by the price authorities to regulate and supervise the price level:

1. Implement the duties entrusted to us by the Price Law. According to the fourth chapter of "Price Law", "Regulation of General Price Level" clearly stipulates. ????

Article 26 Stabilizing the overall market price level is an important macroeconomic policy goal of the state. According to the needs of national economic development and social affordability, the state determines the goal of regulating the overall market price level, which is included in the national economic and social development plan, and comprehensively applies policies and measures in the fields of currency, finance, investment, import and export to achieve it. ????

Article 27 The government may establish an important commodity reserve system, set up a price adjustment fund, regulate prices and stabilize the market. ????

Twenty-eighth in order to meet the needs of price regulation and management, the government price department should establish a price monitoring system to monitor the changes in the prices of important commodities and services. ????

Article 29 When the market purchase price of grain and other important agricultural products is too low, the government can implement protective prices in the purchase and take corresponding economic measures to ensure their realization. ????

Article 30 When the prices of important commodities and services have risen significantly or are likely to rise significantly, the people’s governments of the State Council and provinces, autonomous regions and municipalities directly under the Central Government may take intervention measures such as limiting the price difference rate or profit rate, setting price limits, implementing a price increase declaration system and a price adjustment filing system.

The people’s governments of provinces, autonomous regions and municipalities directly under the Central Government shall report to the State Council for the record if they take the intervention measures specified in the preceding paragraph. ????

Article 31 When the general market price level is in an abnormal state such as violent fluctuation, the State Council may take emergency measures such as temporarily centralizing pricing authority or partially or completely freezing prices nationwide or in some regions. ????

Article 32 After the circumstances of implementing intervention measures and emergency measures in accordance with the provisions of Articles 30 and 31 of this Law are eliminated, the intervention measures and emergency measures shall be lifted in time. ????

2 actively implement the regulatory objectives set by the Standing Committee of the Municipal People’s Congress. On February 27th, 2016, the third meeting of the Presidium of the Seventh Session of the Fourth People’s Congress of Qinzhou adopted the Report of the Financial and Economic Committee of the Fourth People’s Congress of Qinzhou on the Review Results of the Implementation of the National Economic and Social Development Plan in 2015 and the Draft National Economic and Social Development Plan in 2016, which made it clear that the increase of the overall consumer price level in Qinzhou in 2016 should be controlled within 3%. That is to say, if the price level in our city is higher than 3%, intervention measures shall be taken in accordance with the provisions of the Price Law. ????

3. Start the emergency plan for the sale of affordable goods. According to Article 13 of the Measures for the Administration of Fair-price Stores of Agricultural and Sideline Products in Guangxi Zhuang Autonomous Region: In any of the following circumstances, the competent price department shall negotiate with the operators and put forward a plan for the sale of fair-price goods in conjunction with the financial department, which will be implemented after being approved by the people’s government at the same level: (1) The monthly year-on-year increase in the overall consumer price level reaches or exceeds the government’s annual price control target; (two) in each district and city as a unit, based on the monthly increase of CPI, when the year-on-year increase of CPI in each district and city reaches or exceeds 3% for three consecutive months; (3) The month-on-month increase in food prices exceeded 15%; (4) Pork prices rose by more than 10% month-on-month or accumulated by more than 15% for two consecutive months; (five) the price of vegetables increased by more than 20% year-on-year; (six) according to the market situation to determine other circumstances that may cause abnormal price fluctuations.

4. Strengthen market price supervision, and seriously investigate and deal with price violations such as price gouging, price collusion and hoarding. If there is a phenomenon of "high-priced shrimp and high-priced fish", it will not be tolerated and severely investigated. ????

　　【Editor’s note]

　　How much do you know about the Spring Festival?

　　Standing at the beginning of 2019, which is changing at a second speed, we ask an "old-fashioned" question. As many people know, there are various manners and customs in the Spring Festival, such as endless dinners and parties that can’t be pushed off, and the resulting nostalgia and social embarrassment … …

　　But you know what? The Spring Festival is not only a festival, but also contains social changes, economic development, and every tiny change you bring. On February 4, 2019, Zhongxin.com launched a series of planning "Do you know the Spring Festival", trying to outline the great changes in China’s social landscape through the little changes you and I have made in the Spring Festival.

　　Chinanews. com client Beijing, February 4 th:[Do you know the Spring Festival]How many stories and emotions does Chinese have to eat this meal every year?

　　Author: Yuan Xiuyue

　　For Chinese, the Spring Festival is the most grand festival of the year. After a busy year, people stopped to have a rest. Mary, Vivian and David from Beishangguang went home one after another and became Cui Hua, Dani and Ergouzi. As Lu Xun said, even in the sky, there is a weather that will come to the New Year.

　　Chinese pays special attention to eating. The most ceremonial thing in the Spring Festival is the New Year’s Eve. The whole family get together neatly, watch the Spring Festival Gala while eating, and then give out red envelopes and say something auspicious to win a good title for the coming year. This meal not only has delicious food, but also carries many stories and emotions, as well as decades of changes.

　　Everything can be bought at the door.

　　Although old Shanghai is a "ten-mile foreign market", the customs of the New Year have always been very traditional and particular. It is said that Shanghainese will eat some delicious foods, such as peanuts (longevity fruit), egg dumplings (gold ingot), baked bran (homophonic) and wonton (gold ingot).

　　As the saying goes: "It’s spring in the first month of the New Year, and farmers are happiest when they are ripe. After eating the rice cake, they will drink sugar tea and then eat shepherd’s purse dumplings and wonton."

　　At the beginning of the New Year’s Eve, cold dishes, such as Italian food and boiled chicken, are served first, then hot dishes, fish and shrimp, and, indispensable, soup. Chen Rongfu, 68, said that no matter what you cook, you must first prepare old duck soup and old hen soup, which are loved by adults and children.

　　Data Map: The three generations of the Chinese-born Lord Chen Zuoyi in the Kingdom of Cambodia ate "New Year’s Eve". China News Service reporter Huang Yaohui photo

　　Every year, Chen Rongfu and his wife prepare the New Year’s Eve dinner. Even if they eat it, they have to prepare 20 dishes.

　　They don’t use online shopping, and they are not used to fresh supermarkets that are fashionable among young people. Instead, they prefer to go to various vegetable markets to find the most affordable ingredients. A long time ago, they began to prepare materials for the New Year’s Eve dinner. They bought some meat today and some dry goods tomorrow. In recent years, the refrigerators have become bigger and bigger.

　　I didn’t dare to think about this before. Chen Rongfu said that before the Spring Festival, every household hung pickles, and the vegetable seller would help pickle them and hang them at home to dry, so that they wouldn’t go bad easily.

　　From 1950s to 1980s, materials were scarce, and many things were supplied by ticket. Chen Rongfu recalled that every new year, every household will have a card, and there are many people in the family, and the number will be a little more.

　　Anyone who has some fish and meat at home is usually left for guests to eat. "Someone came to be a guest, and I took all these things out of my family. Anyway, it doesn’t matter if the door is closed." Chen Rongfu said.

　　I don’t need it at all now. I string relatives during the New Year, and the dishes of every household are similar.

　　When he was young, Chen Rongfu was a sailor and drifted around all year round. At that time, the traffic was underdeveloped, the price gap between places was relatively large, and the richness of goods was also different.

　　At that time, the most common thing he did was to carry special products back from all over the country, and every time it was a big bag. But now, Chen Rongfu has long lost this habit, and everything can be bought at the door, which is not worth it.

　　The only thing that does not change on New Year’s Eve is bean buns.

　　Shexian County, Handan City, Hebei Province is located at the eastern foot of Taihang Mountain, in a mountainous area, and is rich in fruit. Zanthoxylum bungeanum, walnut and persimmon are called "Three Treasures in Shexian County". Every new year, of course, they are indispensable in the New Year’s Eve dinner.

　　In the northeast, there is a custom of eating sticky bean buns during the Spring Festival. Using yellow wheat to make the skin and wrapping it with bean stuffing made of various beans can not only resist hunger, but also have a good meaning. In Shexian County, Hebei Province, you should also eat bean bags during the New Year. But unlike the Northeast, they used to use corn flour as the skin, but now they use white flour as the skin. There are both red beans and Shexian specialties in the stuffing — — Persimmon.

　　Yang Linzhen, 61, has many years of experience in making bean curd. She said that the New Year’s Eve dinner in the village is very simple. Cook some jiaozi, stir-fry some dishes, and then steamed bread with bean curd. Before the Chinese New Year, every household should steam a lot of steamed buns and bean bags and eat them until the Lantern Festival.

　　The essence of bean curd lies in the stuffing. After persimmon is peeled, it can be made into persimmon cake, and the persimmon peel is cooked with red beans to make the stuffing of bean curd. Old people like to eat this kind of bean bag, which is soft, sweet and not greasy, and has the smell of persimmon.

　　There are many people in Yang Linzhen’s family. Every New Year, she will steam steamed buns and bean bags in the cauldron of the local stove, and she can cook fifty or sixty at a time.

　　In the past, many people planted persimmon trees at home, but in recent years, persimmon trees have become less and less. Yang Linzhen said that farming at home made less money, young people went out to work, persimmon trees were left unattended and slowly died. The persimmon that Yang Linzhen ate at home was still grafted from the black jujube tree.

　　For decades, the New Year’s Eve dinner of Yang Linzhen’s family has changed a lot, and the only constant is this bean bag.

　　Data Map: On New Year’s Eve, citizens of Huludao, Liaoning Province enjoy a sumptuous New Year’s Eve dinner with their families at home. China News Agency issued by Haiyang Photo

　　More convenient and healthy New Year’s Eve dinner

　　Another Spring Festival, Song Yun of Hebei teased himself that he was going home to lose weight. Before the Chinese New Year, their family will also prepare a lot of steamed bread, bean buns, steamed dumplings with instant noodles, and cut cakes, but more of them are meat. Chopped cubes of meat are cooked, with a layer of salt on the surface.

　　It is also popular to send meat, donkey meat, beef and mutton, pork and so on. Zhang Yun said that during the Chinese New Year, almost all people eat meat and few vegetables.

　　Therefore, every New Year, Song Yun doesn’t eat much. He will buy a box of oranges at home and finish them in a few days.

　　Zhang Yun’s father died young, and his two sisters got married one after another, leaving only him and his mother for the New Year. If these years have changed, it is that there are fewer and fewer people. At the New Year’s Eve, their home was exceptionally clean.

　　The function of the New Year’s Eve dinner is fading away, and more people are thinking about how to eat conveniently and healthily.

　　"It has been the same for more than 20 years, nothing has changed, just being a vegetarian." Meng Zhang, from Hubei, said that on New Year’s Eve in recent years, his family always prepared more vegetarian dishes. Qiu Chen of Nanchang, Jiangxi Province also said that their New Year’s Eve dinner is getting simpler and simpler. Every day, everyone is tired of eating big fish and big meat.

　　Cooking and cooking in the New Year is also a physical activity for parents. In order not to make New Year’s Eve a burden, many people are trying to find a way. In the 1990s, it became popular for people in the city to go to restaurants for New Year’s Eve dinner. In recent years, more and more families have gone out for New Year’s Eve dinner. Half a month in advance, many restaurants have been booked out for the New Year’s Eve dinner, and it is hard to find a table for popular restaurants.

　　In order to save trouble, some people buy New Year’s Eve dinner online. Online shopping for semi-finished New Year’s Eve dinner has also become a new choice for many young people after 80 s and 90 s.

　　"On this day of the Spring Festival, it is a festival, and they have to be prepared for the excitement. It’s just that when I’m old, it’s hard work to cook and cook. " A netizen bought a set of Shanghai-style New Year’s Eve dinner for his parents. He said that semi-finished dishes are convenient and can be cooked quickly, and it can save effort during the New Year.

　　Good boys don’t make money on New Year’s Eve.

　　Customs vary from place to place in Fujian Province, and New Year’s Eve is also very particular. Rice cakes, seafood, tofu and spinach are common ones. Xie Jia, a 23-year-old, said that every year during the Chinese New Year, my mother would prepare many dishes, such as braised pork, sausage, bacon, preserved duck, jiaozi and soup, which are available every year, and others would be added depending on the situation.

　　Although living conditions are better now, Xie Jia especially misses the Spring Festival when she was a child. In her memory, the New Year’s Eve dinner used to be more traditional, but now it is more casual. Although the previous New Year’s Eve dinner was not as rich as it is now, it was more grand and formal, and the annual flavor was more sufficient.

　　Chen Rongfu always misses the Spring Festival when he was a child. He said that when I was a child, the Spring Festival was like a reward. I could wear new clothes, eat delicious food, set off firecrackers and not go to school, so I looked forward to the Spring Festival every day.

　　Nowadays, children have grown up and gone out to work, and Shanghai can’t set off firecrackers casually. The New Year seems deserted. But the good news is that the material conditions are really much better.

　　When he was young, he seldom went home for the New Year. Really homesick, just sing a song to solve it. Now with the high-speed rail, the old couple can go to Beijing on business with their son. With video calling, I can meet my son every day.

　　There is an old saying in Fuzhou, Fujian — — "Good kids don’t make money" means that good kids don’t make money on New Year’s Eve. Before New Year’s Eve, Fuzhou people who are working in business will definitely go back to reunite with their families and have a New Year’s Eve dinner together. On New Year’s Eve, there will be no visits, so the whole family should get together, and we can’t have dinner if people are not together.

　　For decades, perhaps the taste of the year is not as full as before, and the New Year’s Eve dinner is also casual, but what remains unchanged is the sincerity of returning home and reuniting.

　　We no longer buy new year’s goods in big bags and small bags, because of the popularity of e-commerce, we can also buy local specialties at our doorstep; I no longer look forward to the big fish and big meat dinner once a year, because people pay more attention to how to eat healthier … …

　　It’s been a hard year. Let’s have a good meal with our family. This is the real meaning of the New Year’s Eve. (At the request of the interviewee, some characters in the text are pseudonyms) (End)

Guiding case no.77

Luo Rongrong v. Ji ‘an Price Bureau (case of price administration)

(the Supreme People’s Court Judicial Committee discussed and passed the release on December 28, 2016)

Keywords: administrative litigation/report reply/scope of accepting cases/plaintiff qualification

　　Referee points

　　1. The administrative organ only gives an informative reply to the report that has an interest with the informant, and fails to deal with the report according to the law. It does not belong to the "behavior that has no actual impact on the rights and obligations of citizens, legal persons or other organizations" as stipulated in Item 6 of Article 1 of the Supreme People’s Court’s Interpretation on Several Issues Concerning the Implementation of the Administrative Procedure Law of the People’s Republic of China, so it is actionable and belongs to the scope of administrative litigation of the people’s court.

　　2. Informants who report violations of their own legitimate rights and interests to administrative organs have a legal interest in the handling of reports by administrative organs, and are qualified as plaintiffs in administrative litigation.

　　Related laws and regulations

　　Articles 12 and 25 of the Administrative Procedure Law of the People’s Republic of China (amended on November 1, 2014)

　　Basic facts

　　Luo Rongrong, the plaintiff, claimed that on May 20, 2012, when he handled the mobile phone number in the telecom business hall of Jinggangshan Avenue, Jizhou District, Ji ‘an City, Ji ‘an Telecom Company charged the plaintiff 20 yuan’s card fee and issued an invoice. The plaintiff believed that Ji ‘an Telecom Company charged the plaintiff the card fee for handling the mobile phone number for the first time, which violated the prohibition of not charging users separately in the Administrative Measures for the Application and Charge of Integrated Circuit Cards, so it complained to the defendant Ji ‘an Price Bureau and made demands for the defendant to perform legal duties, investigate and make a written reply. Although the defendant issued a written reply, the reply letter only stated that the defendant found a document and part of the document during the investigation. The reply letter did not deal with the matters requested in the plaintiff’s complaint report letter, and the defendant’s behavior violated the People’s Republic of China (PRC) Price Law, the Provisions on Reporting Price Violations and other relevant laws and regulations. Request the court to confirm that the defendant’s behavior in handling the plaintiff’s complaint and report was illegal, revoke the defendant’s reply according to law, and order the defendant to investigate and deal with the illegal behavior involved in the plaintiff’s complaint and report letter according to law.

　　Defendant Ji ‘an Price Bureau argued that the plaintiff’s prosecution did not comply with the relevant provisions of the administrative procedure law. Administrative litigation refers to the litigation brought by citizens, legal persons and other organizations against the specific administrative acts of administrative organs. In this case, the defendant’s reply to the plaintiff on July 3, 2012 was not a specific administrative act and was not actionable. The defendant’s reply to the plaintiff meets the procedural requirements of the Provisions on Price Violations, and the content of the reply is also to inform the plaintiff of the situation verified by the defendant after investigation. Request the court to reject the plaintiff’s claim according to law.

　　The court found through trial that on May 28th, 2012, the plaintiff Luo Rongrong mailed a complaint and report letter to the defendant Ji ‘an Price Bureau, reporting that Ji ‘an Telecom Company had charged the plaintiff the fee for handling mobile phone card for the first time, and asked the defendant to order Ji ‘an Telecom Company to return the 20 yuan who illegally charged the plaintiff’s mobile phone card fee, investigate and confiscate the card fees charged by all telecom users for handling mobile phone cards for the first time according to law, and reward the plaintiff according to law and give a written reply to the plaintiff’s relevant processing results. On May 31, 2012, the defendant received a complaint report letter from the plaintiff. On July 3, 2012, the defendant made a Reply on the Handling of Luo Rongrong’s Complaint on May 28, 2012, and sent it to the plaintiff by post. The reply content is: "On May 31st, 2012, our bureau received your complaint that users of new mobile phone cards of Ji ‘an Telecom Company charged 20 yuan mobile phone card fees, and we paid great attention to it. After investigation, it was verified that the Reply on Jiangxi Telecom’s Full-service Package Tariff Optimization Scheme (No.14 [2012] of Jiangxi Telecom Bureau) jointly issued by Jiangxi Provincial Bureau of Communications and Jiangxi Provincial Development and Reform Commission stipulated that the upper limit of UIM card charges is 50 yuan. Our bureau is very grateful for your support and help in price work. " After receiving the defendant’s reply, the plaintiff appealed to the court on the grounds that the defendant’s reply was illegal.

　　Referee result

　　On November 1, 2012, the People’s Court of Jizhou District, Ji ‘an City, Jiangxi Province made a judgment of (2012) Jixingchuzi No.13: The Reply of Ji ‘an Price Bureau on the Handling of Luo Rongrong’s Complaint on May 28, 2012 was revoked, and it was limited to make a new written reply within fifteen days. After the verdict is pronounced, the parties have not appealed, and the judgment has taken legal effect.

　　Referee’s reason

　　The court’s effective judgment holds that: regarding the actionable issue of Ji ‘an Price Bureau’s report and reply. According to Item 5, Paragraph 1, Article 11 of the Administrative Procedure Law of the People’s Republic of China (hereinafter referred to as the Administrative Procedure Law, adopted on April 4, 1989), if an application is made for an administrative organ to perform its statutory duties of protecting personal rights and property rights, and the administrative organ refuses to perform or refuses to reply, the people’s court shall accept the lawsuit filed by the parties concerned. In this case, Ji ‘an Municipal Price Bureau should investigate and determine whether the card fees charged by Ji ‘an Telecom Company reported by Luo Rongrong are illegal and inform the investigation results. However, the report reply made by Ji ‘an Municipal Price Bureau listed the UIM card fees ceiling standards stipulated in the Reply on the Optimization Scheme of Jiangxi Telecom’s Full-service Package Fees (hereinafter referred to as the Reply), and did not specify the handling results of the reported matters. This act of informing the relevant contents of the Reply instead of informing the investigation results of the report fails to fulfill the legal duty of protecting the property rights of the informant according to law, which is an infringement of Luo Rongrong’s right to seek relief through proper reporting channels, and does not belong to the act of "having no actual impact on the rights and obligations of citizens, legal persons or other organizations" as stipulated in Item 6 of Article 1 of the Supreme People’s Court’s Interpretation on Several Issues Concerning the Implementation of the Administrative Procedure Law of the People’s Republic of China (hereinafter referred to as the Interpretation of the Administrative Procedure Law).

　　On the plaintiff qualification of Luo Rongrong. According to the provisions of Article 2, Paragraph 1 of Article 24 of the Administrative Procedure Law and Article 12 of the Interpretation of the Administrative Procedure Law, an informant must have a legal interest in the act of handling a report when he files an administrative lawsuit. In this case, although Luo Rongrong asked Ji ‘an Municipal Price Bureau to "investigate and confiscate the card fees charged by all telecom users for handling mobile phone cards for the first time", he still reported to Ji ‘an Municipal Price Bureau on the basis that Ji ‘an Telecom Company’s collection of card fees infringed his own legitimate rights and interests, and held the invoices for the fees as evidence. Therefore, Luo Rongrong has a legal interest in reporting and handling, and has the qualification of plaintiff in administrative litigation, so he can bring an administrative lawsuit according to law.

　　On the legality of reporting reply. Article 14 of the Provisions on Reporting Price Violations stipulates: "After the report is completed, if the reporter asks for a reply and has contact information, the competent price department shall inform the reporter of the result in writing or orally within five working days after the completion." In this case, Ji ‘an Municipal Price Bureau, as the competent price department, has the legal duty to accept reports of price violations, review whether prices are illegal or not, and put forward opinions on classified treatment. Luo Rongrong clearly listed three reporting requests in the complaint reporting letter, and asked the Ji ‘an Municipal Price Bureau to inform Luo Rongrong of the handling results in writing after the investigation was completed. This reply did not specify the handling results of the reported items by the Ji ‘an Municipal Price Bureau according to law, which violated the provisions of Article 14 of the Provisions on Reporting Price Violations and was not legal, so it should be corrected.

　　(Effective judges: Hu Jianming, Zhang Binghua, Liu Taosheng)

　　On Tuesday, local time, driven by the unexpected earnings report of American bank stocks and the strong performance of AI concept stocks, and the market still expects to raise interest rates in July for the last time, US stocks continued their upward trend. The Dow rose for seven consecutive days, the longest consecutive rise since March 2021, and the S&P and Nasdaq once again set a new high in 15 months.

　　And Microsoft announced overnight that Office AI tool pricing is an important catalyst for market performance. At the global partner conference held on Tuesday, Microsoft disclosed that for subscribers of Office 365 E3, E5, Business Standard Edition and Business Advanced Edition, Microsoft 365 Copilot will be uniformly priced at $30 per user per month. According to official website’s pricing, these subscription services for enterprise users range from $12.5 to $38 per month per user.

　　This also means that through the Office AI assistant tool, Microsoft has doubled or tripled the "actual pricing" of office services for business users.

　　The B-side pricing of AI auxiliary tools reflects the strong market demand and low operating costs. As a result, Microsoft’s share price closed up 3.98% on Tuesday, easily hitting a record high, while AI-related concept stocks were driven.

　　At the beginning of the earnings season, the performance of banking stocks exceeded expectations, which also boosted market sentiment to some extent. Morgan Stanley’s revenue and profit exceeded expectations. Among them, the revenue was $13.457 billion, which was significantly higher than the market expectation of $13.08 billion. Bank of America achieved revenue of $25.33 billion and EPS of $0.88 in the second quarter, both better than market expectations.

　　In addition to the financial report and AI news, the US retail data in June released on Tuesday was less than expected, which also showed that the tight labor market is still supporting the economic growth, and the overheating problem that the Fed is most worried about is also steadily easing. The market still expects the Fed to raise interest rates for the last time in July. CME Fed observation tools show that the probability of raising interest rates in July is close to 100%, and the probability of raising interest rates in the next few months is not great.

　　In other news, recently, Tesla officially launched a new "Charge on Solar" function to the United States and Canada, allowing Tesla owners to charge their electric vehicles using only solar energy.

　　Official website wrote that using surplus solar energy to charge electric vehicles can maximize the value of home solar energy system. In order to realize this function, Tesla owners need to update Tesla APP to version 4.22.5 or higher, and also have different requirements for the software versions of cars and Powerwall.

　　It is worth noting that on Tuesday, local time, the World Meteorological Organization warned that the heat wave sweeping across the northern hemisphere will intensify this week, leading to a soaring night temperature, which in turn increases the risk of heart attack and death.

　　According to the World Meteorological Organization, the heat wave is still in its early stage. It is expected that the temperature in North America, Asia, North Africa and the Mediterranean will exceed 40 degrees Celsius for several days this week, which means that the midnight temperature in some areas will hover around 30 degrees Celsius this week.

　　[overnight U.S. stocks]

　　Among the large Chinese stocks, Alibaba fell by 2.36%, Baidu by 3.63%, Netease by 2.80%, Tencent Music by 4.95% and Pinduoduo by 4.34%.

　　Among the large American technology stocks, Apple fell 0.13%, Amazon fell 0.55%, Google A fell 0.71%, and Nye soared 5.50%.

　　[global index]

　　In European stock markets, the FTSE 100 index rose slightly by 0.64% to 7454 points. The French CAC40 index rose slightly by 0.38% to 7319 points. Germany DAX index rose slightly by 0.35% to 16,125 points.

　　[global goods]

　　The main contract of WTI crude oil closed at $75.73 per barrel, up 2.23%; The main contract of Brent crude oil closed at $79.82 per barrel, up 1.68%; The main contract of crude oil in the previous period closed at 582.20 yuan per barrel overnight, up 1.31%.

　　Overnight, the Shanghai gold main contract closed up 1.16% to 460.76 yuan per gram; The main contract of Shanghai Bank closed up 1.63% to 5915.00 yuan per kilogram.

　　[overnight news]

　　US retail sales in June increased by 0.2% month-on-month, which was significantly less than expected, but key indicators suggested strong consumer demand.

　　After a 0.3% month-on-month increase in May, US retail sales in June increased by 0.2% month-on-month, far below the expected 0.5%. However, the retail sales of the control group (excluding automobiles, gasoline, building materials and food services) used to calculate the GDP of the United States increased by 0.2% month-on-month in May and accelerated to 0.6% month-on-month in June. This data shows that consumer demand is still strong in June.

　　When the US debt default crisis intensified, the two "creditors" of China and Japan threw US debts together.

　　In May, Japan’s US debt holdings fell to an eight-month high, with a decrease of US$ 30.4 billion, the biggest drop in seven months, and the largest reduction among major holding countries; China reduced its holdings by $22.2 billion, and its position fell for two months. In May, the capital flow of overseas investment in US securities reversed, with a net outflow of US$ 167.6 billion.

　　US Treasury Secretary Yellen said that multiple factors pushed inflation down, but warned against being too optimistic because of the CPI in June.

　　Yellen said that the cooling of the labor market plays a key role in slowing down inflation in the United States, and the pressure on housing costs and automobile prices is also declining, which is expected to continue to push down the price pressure. She also hinted that corporate profit margins may decline. However, Yellen poured cold water on the inflation data that cooled more than expected in June.

　　[company news]

　　Office 365 AI assistant is expensive, Microsoft shares hit a new high.

　　Microsoft announced the price list of enterprise AI software tools on Tuesday, announcing that the price of Office 365 Copilot is $30/month per user. For some users, using Copilot means that the cost will double or even triple. Microsoft also launched Bing Chat Enterprise, a more secure AI chat robot. Microsoft and Meta jointly stated that the Meta AI model named Llama 2 will be provided free of charge to developers who build software on Microsoft Azure cloud computing platform. Microsoft shares closed up 4%, a record high.

　　Tesla APP launches "solar charging" function

　　According to media reports on Tuesday, Tesla recently officially launched a new "Charge on Solar" function to the United States and Canada, allowing Tesla owners to charge their electric vehicles with only solar energy. According to the screenshot of official website’s APP, the owner can set the charging scheme for the vehicle in the "Charge on Solar" function. For example, the first 50% of the vehicle’s electricity is set to "can come from any way", and the other 50%-100% of the electricity is "only through solar energy".

　　The overall performance of Bank of America Morgan Stanley Q2 exceeded expectations.

　　The performance of American big banks is "mixed". Bank of America Q2′ s profit increased by 19% year-on-year to US$ 7.4 billion, and the growth of net interest income slowed down, but it is currently facing the pressure of commercial real estate loan business. Morgan Stanley’s net profit fell by 13% year-on-year, wealth management business reached a new high, and trading income fell by 22%. The performance of Bank of America and Morgan Stanley both exceeded expectations, and the net interest income increased greatly under the high interest rate environment. The published financial reports of the five major banks all indicate that the prospect of a soft landing of the US economy can be expected, and the market is waiting for Goldman Sachs’ financial report on Wednesday.

　　The "bad news" of American technology stocks: large fund positions hit the upper limit.

　　BlackRock’s Science and Technology Opportunity Fund is prohibited from further increasing its holdings of shares in Apple, Microsoft and NVIDIA, while JPMorgan Chase’s large-cap stock growth fund holds more shares in Microsoft, Apple, NVIDIA, Alphabet and Amazon.

　　Goldman Sachs sings more Baidu: It is the future that the share price of AI traffic portal will rise by 31%.

　　Goldman Sachs believes that Baidu will become the most profitable company in China and the main traffic portal for AI applications in the future. It will continue to be optimistic about its future profitability and raise its target price for US stocks from US$ 183 to US$ 197.

　　[AI dynamic]

　　Meta released Llama 2 model and cooperated with Microsoft and Qualcomm.

　　After half a year, Meta AI released the latest generation of open source model Llama 2 on Tuesday. Compared with Llama 1 released in February this year, the token used in training has doubled to 2 trillion, and Llama 2 has also doubled the most important context length limit for using large models. Llama 2 contains models with 7 billion, 13 billion and 70 billion parameters.

　　Meta also announced on Tuesday that it will cooperate with Microsoft cloud service Azure to launch a cloud service based on Llama2 model to global developers. In addition, Meta and Qualcomm also announced that Llama 2 will be able to run on Qualcomm chips, breaking the monopoly of NVIDIA and AMD processors on the AI industry in the market.

　　[financial calendar]

According to the news released by Suzhou, from 0: 00 to 24: 00 on February 27th, there were no new confirmed cases in COVID-19 and no new asymptomatic infections in Suzhou.

As of 24: 00 on February 27th, Suzhou has reported a total of 114 locally confirmed cases and 29 locally asymptomatic infected people.

From 0: 00 to 24: 00 on February 27, Suzhou added a confirmed case from overseas.

From 0: 00 to 7: 00 on February 28th, two people were positive in the nucleic acid detection of key population in our city. After receiving the report, measures such as epidemiological investigation and isolation control were immediately carried out.

Recently, Covid-19-positive infected people mostly appear in the centralized isolation personnel in Yonglin District No.2, Pingjiang Street, gusu district. In order to eliminate risks, quickly identify and block the transmission chain of Covid-19 as soon as possible, and effectively protect the health and life safety of the general public, gusu district carried out nucleic acid testing and sampling in the areas west of Donghuan Road, east of Mo Xie Road, north of Ganjiang Road and south of Loumen Road on the morning of February 28th.

The general public are requested to continue to enhance their awareness of prevention, do a good job in personal protection, insist on wearing masks, keep social distance and pay attention to personal hygiene. In case of fever, cough and other symptoms, on the premise of personal protection, go to the nearest medical institution in time.

Suzhou COVID-19 epidemic situation joint defense joint control headquarters

February 28, 2022

Author/Avocado under the starry sky

Editor/spinach starry sky

Typesetting/ice cream under the stars

Last week, a Notice issued by the State Administration of Foreign Exchange seemed to give foreign trade players hope.

The circular said: both regions and policies will expand and improve the level of cross-border trade and investment openness. In a word, open the door and embrace the world.

Affected by this news, related stocks ushered in an increase. Cross-border e-commerce brother (the first cross-border e-commerce company listed in A shares), cross-border communication (002640) directly pulled up the daily limit.

Source: Oriental Fortune official website-Cross-border Communication (as of December 20, 2023)

Policy support is naturally good, but is cross-border communication the lucky one who is favored again?

First, from grassroots to giants

Recalling the past, cross-border communication has also interpreted the story of "grassroots counterattack".

The predecessor of Cross-border Communication was Baiyuan Trousers Industry (all lines are 100), which was founded by Yang Jianxin (now the largest shareholder of Cross-border Communication). In 2011, it was listed on Shenzhen Stock Exchange. At this time, the 100-yuan trousers industry has nothing to do with cross-border e-commerce. The income has also been hovering below 500 million, and it has never been broken.

Source: flush iFinD—-operating income

The one who changed his fate was a returned scholar named Xu Jiadong. In 2007, under the background that domestic e-commerce such as Taobao and JD.COM just started and many people didn’t even know what cross-border e-commerce was, Xu Jiadong founded the first cross-border e-commerce platform in Shenzhen (business model: relying on Amazon for cross-border export).

One wants to develop and the other wants to go public. In 2014, the two brothers hit it off, and Baiyuan Trousers successfully acquired Global Tesco. In 2015, it was renamed cross-border communication. At this point, a pants seller has turned into a "cross-border e-commerce" listed company.

In the following year, the revenue of cross-border communication soared from 842 million to 3.961 billion yuan. Cross-border communication that tasted the sweetness, on the one hand, crazy mergers and acquisitions, on the other hand, massive distribution of goods. In 2016, it successively acquired Patuosun, which focuses on exporting 3C business, and Youyi e-commerce company, which mainly imports maternal and child products. Since then, it has formed a troika of Global Tesco (revenue accounted for 58% in 2018), Patoson (revenue accounted for 16% in 2018) and Youyi E-commerce (revenue accounted for 26% in 2018).

During 2015-2018, with the east wind of Amazon, the scale of cross-border communication soared. The highest revenue is 20 billion (21.5 billion in 2018), and the highest market value is nearly 40 billion. What is the concept? In the same period, another multinational e-commerce company, Lanting Jishi (LITB), which was listed on the US stock market, had a market value of only $2 billion.

Source: Yiniu. com-Cross-border communication

However, the mass distribution mode of blindly pursuing scale makes it form a large amount of inventory. The data shows that as of 2018, the company’s inventory reached 5.1 billion, accounting for 59% of the total current assets. Once the downstream changes, the huge inventory cannot be realized, which will directly drag it down.

Source: flush iFinD—-inventory

Second, from giants to grassroots.

Sure enough, with the constant change of platform rules, Amazon pays more and more attention to specialization and branding, and more traffic is tilted towards branded and boutique sellers, while the traffic allocated by traditional models is less and less.

In 2019, Global Tesco’s revenue was only 8.5 billion, down 31.44% from 12.1 billion in 2018.

Source: Cross-border Communication 2019 Annual Report

In addition, the brutal distribution of goods by Global Tesco has also come to an end. The huge inventory of this mine still exploded. In 2019, nearly 2.8 billion inventories were impaired, resulting in losses. Directly led to a net profit loss of 2.7 billion in that year.

Although, cross-border communication once said: the impairment in 2019 is to clear the historical burden at one time and go into battle lightly. However, in the end, it failed to meet the turning point of performance. After 2020, cross-border communication will continue to lose money. Global Tesco, the main revenue force, is also mired in arrears of payment due to unsalable inventory.

Source: flush iFinD—-net profit returned to mother

Under the predicament, cross-border communication can not survive without stopping. In 2021, Patoson was betrayed first, and then Global Tesco filed for bankruptcy. The company announcement shows that in August 2023, Global Tesco officially went bankrupt.

Source: Company Announcement (September 2, 2023)

At this point, the former cross-border giants, one of the two main forces changed hands and the other went bankrupt, and they have already fallen to the bottom.

After learning from a painful experience, cross-border communication also decided to transform itself to save itself, on the one hand, optimizing the inventory management process; On the other hand, around the branding strategy, from coarse to fine, strengthen the construction of self-operated brands. However, since 2021 (Global Tesco), income has still declined; Although the loss of net profit returned to the mother has narrowed, it is still difficult to change the trend of loss.

It is still difficult to survive after the broken arm.

Third, debt repayment is difficult, and restructuring is pending.

Business is not good, and cash flow is naturally not much better. How bad is it?

According to the company’s announcement, in 2021, due to the company’s failure to repay the debts due, the creditors resorted to the court, involving about 8.18 million yuan. The former tens of billions of giants can’t even afford 8 million at the moment.

Source: Company Announcement (May 16, 2023)

After three years, it has not been returned, and the creditors have to settle for the second best and apply for restructuring the cross-border communication. If not, I am afraid that the 8 million arrears will eventually be ruined.

The so-called reorganization is to give you a chance to save yourself. But whether it can become a turning point, the key is to have a self-help plan.

At present, the revenue of cross-border communication mainly comes from the import of maternal and child products (such as milk powder). However, the data shows that in 2022, the number of newborns in China will be 9.56 million, and experts predict that it will be 7-8 million in 2023. Under the trend of a sharp decline in the newborn population, the import of mothers and babies may not last long. According to the semi-annual report in 2023, the gross profit margin of maternity products is only 8.35%, and the period expenses are shared equally (the period expense rate is 10.53%), so the whole one can’t make ends meet.

In addition, the self-operated brand ZAFUL (European and American young women’s swimwear, etc.) is another straw. However, ZAFUL, who has high hopes, tends to go downhill.

The data shows that the average monthly active number of ZAFUL online operations (offline publicity and harvesting users, online sales) is 4,819,900, which is nearly half of the same period in 2022. And the operating entity Sateng is still in the stage of burning money and losing money. It is a long way to go to expect ZAFUL to save his life.

Source: Cross-border Communication 2023 Semi-annual Report

Source: Cross-border Communication 2022 Semi-annual Report

To sum up, under the current situation, the author can’t think of any good ways to save himself. I wonder if cross-border communication can have any clever tricks. If not, it will be doomed to bankruptcy and liquidation.

In ten years, cross-border communication has reached a high-rise building, and now it is in the dust. The road ahead is long and unknown.

Note: This article does not constitute any investment advice. The stock market is risky, so you need to be cautious when entering the market. No business, no harm.

1905 movie network news On January 22nd, the Oriental Fantasy Movie, directed by, starring, etc., released the movie theme song "Return to Home" MV. The popular singer once again cooperated with Yin Yue and Qian Lei, and "opened his mouth" and sang ethereal and touching.

Chen Kun and Zhou Xun tacitly entered the show and staged confrontation and entanglement. In the MV, "When you conclude a service contract, your heart will have a place to return" tells the loyal promise that the service god and his master will live and die together and never betray. The dancers Yang Wentao and Zhang Can, who are famous for their emotional expression, made a stunning appearance, bringing a beautiful duet, and interpreting the complex fetters of Enigmatic and Baiqian, which touched people’s hearts.

Charlie’s "Immortal Throat" reverberates.

Tell the story of Enigmatic with deep affection.

The theme song "Return to Home" of the movie "Order to Serve the Gods" is performed by Charlie, a popular singer with both popularity and strength. His delicate voice is sometimes melodious and soft, and sometimes deep and ethereal, which tells the story of the contradictions and entanglements between Enigmatic (Chen Kun) and Baiqian (Zhou Xun). "Anyone who says that it is beyond redemption is obsessed with the doomed destination; I am not afraid of disappointment, I feel hopeless, and I am willing to guard for life. "The lyrics tell the complicated fetters between the two.

Enigmatic and Bai Qian once made a vow to live and die together, but they turned against each other for some reason, and they kept caring and guarding each other, always putting each other in the "place where the heart belongs". The complicated relationship between them, with the sound of Charlie’s nature, is even more meaningful and lingering.

It is worth mentioning that Yin Yue, the lyricist of Return, and Qian Lei, the composer, the gold medal partners, have tailored theme songs for many domestic blockbusters, among which Silent and Big Fish have become extremely popular songs. This time, they once again joined hands with Charlie to create the theme song of Serve the Gods, which blends the song with the movie picture and is very beautiful in the East. I believe this song will also become a necessity for netizens to cycle again.

Chen Kun and Zhou Xun are full of emotional entanglements.

Yang Wentao’s Zhang Can duet was bursting with appeal.

In addition to Charlie’s heartfelt singing, the MV of Return also invited Yang Wentao and Zhang Can, who surprised the public with their dance work "Xi", to dance, which had a direct impact on people’s hearts. In addition, Chen Kun and Zhou Xun’s delicate and layered performances formed a "triple impact" that touched people’s hearts. The beautiful duet brought by Yang Wentao and Zhang Can, which combines modern dance with oriental culture, is very story-telling and deeply interprets the inner struggle and contradiction between Enigmatic and Bai Yan. A bouquet of platycodon grandiflorum bracelets has become a token running through the MV, witnessing the service contract concluded by Enigmatic and Bai Yi since childhood. The phrase "I don’t ask for a way out, I don’t ask for a way out, and my heart is the only place to go" also tells the emotional destination of serving God and his master.

Chen Kun and Zhou Xun have been close friends for many years, and the collaboration of "The Order to Serve the Gods" is still full of sparks. As can be seen from the released set tidbits, the two people are fully engaged in the tacit understanding when shooting, and they even shed tears when they enter the scene for one second, which is very touching. This time, Chen Kun’s "being a demon" has a deep bond with Zhou Xun, and "belief" and "commitment" have also become the key words of their role relationship.

In reality, it is difficult to pursue a pure promise, which also makes Chen Kun think that it is a "beautiful" ceremony for Enigmatic to conclude an order to serve the gods with Baihua. Chen Kun said: "The order to serve the gods represents a complete belief and commitment. I always reminded myself deeply when I played Enigmatic that I would never betray her."

Zhou Xun was deeply impressed by the "Platycodon Bracelet" as a token between them: "Platycodon Bracelet is not only a witness to their conclusion of the order of serving the gods, but also a proof of their fetters." The story of how to keep and leave between the two people has also become one of the biggest attractions of the film, and it is urgent for the audience to go to the cinema for the Spring Festival.