Heavy! Regarding Sino-US economic and trade frictions, China issued a white paper giving 13 authoritative conclusions.

        Heavy! Against the background that the US keeps escalating the Sino-US trade friction despite its opposition, the Press Office in the State Council, China today released a white paper entitled "Facts about Sino-US Trade Friction and China’s Position". This nearly 40,000-word document clarified the key facts in Sino-US economic and trade with detailed data and cases, strongly refuted a series of untenable arguments of the US government, and fully expounded China’s position and attitude. On Sino-US economic and trade frictions, the white paper puts forward 13 authoritative conclusions!

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Conclusion 1. The "American Loss Theory" is untenable.

Since the establishment of diplomatic relations between China and the United States, bilateral economic and trade relations have continued to develop, and cooperation in trade and investment has achieved fruitful results, achieving complementary advantages and mutual benefit. China has benefited a lot from it, and the United States has also gained extensive and huge economic benefits from it, sharing the opportunities and achievements brought by the development of China.

On the whole, Sino-US economic and trade cooperation is a win-win relationship, not a zero-sum game. American enterprises and nationals have benefited from it, and the "American loss theory" claimed by some Americans is untenable.

Second, it is unfair to blame China for the imbalance of trade in goods between China and the United States.

The imbalance of trade in goods between China and the United States is more a natural result of the independent choice of the market under the American economic structure and the existing comparative advantage pattern. To solve this problem, both sides need to make joint efforts to carry out structural adjustment. It is unfair and unreasonable for the United States to ignore many factors that affect Sino-US economic and trade relations, unilaterally emphasize the imbalance of trade in goods between the two countries, and blame China.

Third, the so-called "fair trade" in the United States will cause a wider range of unfairness

The so-called "fair trade" emphasized by the current American government is not based on international rules, but on the premise of "American priority" and aims at safeguarding America’s own interests.

The "fair trade" and "reciprocal opening" advocated by the United States deny the objective differences in the development stages, resource endowments and advantageous industries of various countries, and ignore the development rights of developing countries, which will inevitably have an impact on the economies and industries of developing countries, resulting in a wider range of unfairness, and ultimately will not be conducive to American enterprises to expand the international market and share the development opportunities of developing countries.

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The so-called "compulsory technology transfer" in China is a complete distortion of the facts.

Since China’s reform and opening-up, in order to expand emerging markets, save production expenses, realize economies of scale and extend the time of technology profit, foreign enterprises have taken the initiative to establish cooperative partnership with China enterprises, signed contracts and transferred their production capacity and orders to China, which is entirely a voluntary behavior of enterprises based on commercial interests. We should not distort the original voluntary trading activities of both parties into compulsory technology transfer because of the technological progress of enterprises in China, which is neither in line with historical facts nor a betrayal of the spirit of contract.

The U.S. government calls the voluntary cooperation of foreign-invested enterprises to establish partnership with China enterprises, transfer or license their technology and jointly obtain commercial returns in the China market "compulsory technology transfer", which is a complete distortion of the facts.

Conclusion 5. The accusation of the United States against intellectual property protection in China is contrary to the facts.

China has a clear and firm attitude towards the protection of intellectual property rights, and has continuously strengthened protection at the legislative, law enforcement and judicial levels, and achieved remarkable results. The recent accusation of the US government against China’s intellectual property protection is contrary to the facts, completely obliterating China’s great efforts and achievements in intellectual property protection.

Conclusion 6. China government’s support for enterprises to go global is not a government action to promote enterprises to acquire advanced technology from other countries through mergers and acquisitions.

Like other countries and regions in the world, China government supports powerful and qualified enterprises to invest abroad and expand the international market on the premise of observing the laws and regulations of the host country and international rules, and the government provides convenient services for enterprises’ foreign investment cooperation. The United States regards the China government’s support for enterprises to go abroad as a government action to promote enterprises to acquire advanced technology from other countries through mergers and acquisitions, which lacks factual basis.

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Conclusion 7. There are a large number of investment and trade restrictions policies and behaviors in the United States.

There are a large number of investment and trade restrictions policies and behaviors in the United States that distort market competition, hinder fair trade and split the global industrial chain, which are detrimental to the rule-based multilateral trading system and seriously affect the normal development of Sino-US economic and trade relations.

Conclusion 8. The international trade friction provoked by the United States will ultimately harm the long-term interests of the United States.

As the main founder and participant of the international economic order and multilateral trading system after World War II, the United States should take the lead in observing multilateral trade rules and properly handle trade frictions with other member countries through the dispute settlement mechanism under the framework of the World Trade Organization, which is also a clear commitment made by the US government to the international community. However, since taking office, the new American administration has unilaterally emphasized "American priority", pursued unilateralism and economic hegemonism, abandoned international commitments, and provoked international trade frictions in all directions, which not only harmed the interests of China and other countries, but also damaged the international image of the United States itself, shaken the foundation of the global multilateral trading system, and will ultimately harm the long-term interests of the United States.

Conclusion 9. The extreme trade protection measures taken by the United States hurt global economic and trade relations.

A series of extreme trade protection measures adopted by the US government have destroyed the international economic order, harmed global economic and trade relations including Sino-US economic and trade exchanges, impacted the global value chain and the international division of labor system, interfered with market expectations, and triggered violent shocks in international finance and commodity markets, which has become the biggest uncertain factor and risk source for global economic recovery.

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Conclusion X. China is confident, determined and capable of coping with various risk challenges.

For the trade war, China is unwilling to fight, not afraid to fight, and has to fight if necessary. We have strong economic resilience and broad market space, the industrious and intelligent people of China, and the support of all countries in the world that oppose protectionism, unilateralism and hegemonism. We are confident, determined and capable of coping with various risk challenges. No external factor can prevent China from developing and growing.

The healthy and stable development of Sino-US economic and trade relations is expected by the international community.

Sino-US economic and trade frictions are related to global economic stability and prosperity, and to world peace and development, and should be properly resolved. Peace between China and the United States is beneficial, but fighting is harmful. It is in the fundamental interests of the two peoples and the common interests of the people of the world to maintain healthy and stable economic and trade relations between the two sides, which is expected by the international community.

Conclusion XII. The open door of China will not be closed, but will only grow wider and wider.

Reform and opening up is the basic national policy of China and the fundamental driving force for the development of China. The direction of China’s reform will not be reversed, but will continue to deepen. China’s open door will not be closed, but will only get wider and wider. China will continue to deepen reform and open wider to the outside world in accordance with the established deployment and pace, comprehensively promote the rule of law and build a socialist country ruled by law.

Conclusion XIII. China adheres to the general trend and the right path and unswervingly upholds the multilateral trading system.

If you get the word, you will get more help, but if you lose it, you will get less help. Faced with the international situation of increasing uncertainties, instability and insecurity, China Do not forget your initiative mind has always walked with the world, followed the general trend, upheld justice and followed the right path, unswervingly safeguarded the multilateral trading system, unswervingly promoted the reform of the global governance system, always been a builder of world peace, a contributor to global development and a defender of the international order, and unswervingly promoted the building of a community of human destiny.

(finishing: People’s Daily client Yue Xiaoqiao Zuo Xiao)

The stabilization of fiscal revenue reflects the improvement of economy

  The data shows that in the first three quarters, the national general public budget revenue was 15.31 trillion yuan, which increased by 4.1% after deducting the tax rebate factor, and decreased by 6.6% in natural terms; The national general public budget expenditure was 19.04 trillion yuan, a year-on-year increase of 6.2%. While the economic operation is recovering, the fiscal revenue has gradually stabilized and rebounded, and the fiscal expenditure has continued to exert its strength.

  Fiscal revenue gradually picked up.

  In the first half of this year, due to unexpected factors such as repeated epidemics, coupled with the implementation of large-scale value-added tax refund, the pressure on fiscal revenue was greater and the contradiction between revenue and expenditure was more prominent. With a series of macroeconomic policies to stabilize the economy, the economy has continued to recover and develop, and the financial operation has gradually improved. Statistics show that from January to September, the national general public budget revenue increased by 4.1% year-on-year, 0.4 percentage points higher than the previous eight months.

  "Economy and finance are two sides. Since the third quarter, the income level of the general public budget has gradually picked up. First, the large-scale tax rebate has been basically completed. Second, the economic resilience has been fully demonstrated and stabilized. Third, the use of state-owned assets and the vitality of the disk have increased, promoting the rise of non-tax revenue. " Luo Zhiheng, chief economist of Yuekai Securities and president of the research institute, analyzed that after excluding the impact of tax refund, the growth rate of domestic value-added tax increased marginally in September, indicating that a series of stable growth policies in the previous period played a supporting role in the economic recovery.

  Since the beginning of this year, China has implemented a new combined tax and fee support policy, which has helped to reduce the burden on market players and stabilize the macro-economic market, with unprecedented policy strength. The data shows that as of September 20, the total new tax reduction and fee reduction and tax refund deferred fees exceeded 3.4 trillion yuan. Among them, through the implementation of tax refund, the value-added tax refund that has been refunded to taxpayers’ accounts exceeds 2.2 trillion yuan.

  "We will continue to implement the policy package of stabilizing the economy, especially in terms of tax and fee support, adhere to both institutional arrangements and phased policies, and implement large-scale tax rebates. The manufacturing industry and small and medium-sized enterprises have benefited particularly, effectively boosting the confidence of market participants." Li Xuhong, director of the Institute of Finance and Taxation Policy and Application of Beijing National Accounting Institute, said.

  Excluding the influence of tax refund, a number of tax indicators, such as value-added tax and enterprise income tax, which mainly reflect the operating conditions of market players, showed a year-on-year growth trend. "This reflects that China’s macro economy has gradually shown a recovery growth trend by effectively coordinating epidemic prevention and control and economic and social development." Li Xuhong said.

  At present, the task of centralized refund of large-scale tax refund is basically completed, and the factors of tax refund and income reduction are obviously weakened, and the fiscal revenue growth is expected to maintain a good trend.

  Strong support in key areas

  Since the beginning of this year, China has maintained a relatively high expenditure intensity, and allocated 26.71 trillion yuan for the national general public budget, an increase of more than 2 trillion yuan over the previous year. At the same time, optimize the structure of fiscal expenditure, give priority to supporting key projects that have been included in the national "14 th Five-Year Plan" outline and key special plans, moderately advance infrastructure investment, and increase support for scientific and technological research, ecological environmental protection, basic livelihood, modern agriculture and other fields and major regional strategies.

  Statistics show that from January to September, the national general public budget expenditure was 19.04 trillion yuan, an increase of 6.2% over the same period of last year. Bai Yanfeng, a professor at the School of Finance and Taxation of the Central University of Finance and Economics, believes that in order to cope with the impact of the epidemic and the impact of various unexpected factors, the proactive fiscal policy has continued to exert its strength, and while implementing tax rebates, tax cuts and fee reductions, it has maintained a strong expenditure and played an important role in stabilizing the economic market.

  It is noteworthy that expenditures in key areas, such as people’s livelihood, have been effectively guaranteed. Among them, education expenditure increased by 5.7%, science and technology expenditure increased by 14%, social security and employment expenditure increased by 6.9%, and health expenditure increased by 10.7%. "Education, science and technology and talents are the basic and strategic support for building a socialist modern country in an all-round way and have become the key areas of financial support." Bai Yanfeng said.

  Li Xuhong analyzed that in the first three quarters, the fiscal expenditure not only strengthened the implementation and accelerated the progress, but also increased the expenditure in the fields of people’s livelihood, science and technology, health and health, further consolidating the achievements of economic structure optimization and providing a guarantee for China to promote Chinese modernization and achieve high-quality development.

  Since the beginning of this year, China has vigorously promoted the sinking of financial resources and supported the grassroots to do a good job in "three guarantees". On the basis that the central government’s expenditure at this level has been negative for two consecutive years, the central government’s expenditure will continue to be negative in 2022, down by 2.1%. Statistics show that in the first three quarters, the central general public budget expenditure was 2,501.4 billion yuan, accounting for only about 13% of the national fiscal expenditure. "The central department resolutely implemented the requirements of tight days, reduced its own expenditures, and made up for the decrease in local income through transfer payments, and the proportion of local expenditures increased significantly." Luo Zhiheng said.

  Fiscal policy continues to exert strength.

  Report to the 20th CPC National Congress made a series of important arrangements for financial work, especially emphasizing the need to improve the modern budget system and optimize the tax structure. Next, how can the proactive fiscal policy continue to exert its strength? How to advance the reform of fiscal and taxation system?

  "Since the 18th CPC National Congress, China has basically established a modern financial system. The core of adhering to the direction of market-oriented reform in the financial field is to clarify the boundary between the government and the market, rationally define the scope of government functions, provide basic and universal public goods and social services to the whole society, and release and stimulate the enthusiasm and creativity of market players and all people. " Feng Qiaobin, Deputy Director of Macroeconomic Research Department of the State Council Development Research Center, said.

  Feng Qiaobin believes that it is necessary to further establish and improve the modern tax system and form a reasonable distribution mechanism among the government, enterprises and residents. "On the one hand, we must ensure that the country has sufficient fiscal revenue. On the other hand, we must further optimize the tax system and degenerate taxes, appropriately reduce the tax rate, and do a good job in encouraging the whole society."

  "To implement the Party’s decision-making arrangements for the 20th National Congress, we should intensify reforms in improving the modern budget system, optimizing the tax structure, and improving the fiscal transfer payment system, so as to contribute financial strength to building a socialist modernization power in an all-round way." Bai Yanfeng said.

  Recently, various fiscal policy measures in the policy of stabilizing the economy are being accelerated. Fiscal and monetary policies have been strengthened to form a joint force of policies and consolidate the momentum of economic recovery. For example, revitalize the stock of local government special debt limits according to law and make good use of the special debt balance limit of more than 500 billion yuan; For small and medium-sized enterprises and individual industrial and commercial households in manufacturing industry, the "five taxes and two fees", such as enterprise income tax deferred in the early stage, will be delayed for four months after the expiration of the time limit from September 1, involving deferred taxes of 440 billion yuan. In addition, support the good use of policy-oriented development financial instruments, promote the orderly landing of important projects, and form physical workload as soon as possible.

  Luo Zhiheng believes that in the next stage, a proactive fiscal policy needs to strengthen regulation and control, plan fiscal incremental tools in advance, and balance multiple goals such as steady growth, risk prevention, implementation of grassroots "three guarantees" and support for major national strategies. At the same time, strengthen coordination among fiscal, financial and industrial policies.

"Fast Forward" hides the scheming. G.E.M. and the chopsticks brothers fall in love and kill each other.

  

Phoenix Entertainment News In the second program of "Fast Forward" broadcast last Friday, Feng Zhe, an Olympic champion, was badly eliminated because of the "plot against him" by the chopsticks brothers. After the game, Feng Zhe not only spoke out: "Some people are duplicitous", but also was "eight" among all the participating guests. He only had no interaction with the chopsticks brothers. After the mantis catches cicadas and yellowbird, G.E.M. Zhang Yunjing and Chopsticks Brothers officially unveiled the "heart-to-heart drama" of loving each other and killing each other. Facing the repeated care of Chopsticks Brothers, G.E.M. Group secretly voted for the two "old boys". However, after the show, when the Chopsticks Brothers were exposed to complaints from netizens on Weibo, G.E.M. secretly helped the verbal "allies". The whole episode was dubbed by netizens as "one turn, two chopsticks, inciting the three parties to do Kun". 

Be turned around, be deceived, and talk hard.

Feng Zhewei didn’t pay attention to the chopsticks brothers.

In the last program of "Fast Forward", Feng Zhe and his girlfriend Zhu Zhu were chosen as the revolving objects by three groups of guests. Among the three groups of guests, Feng Zhe didn’t complain about Miriam Yeung and Ceng Zhiwei, but rather complained about the chopsticks brothers who tricked them into voting for Miriam Yeung and Ding Zigao (in fact, they voted for Feng Zhe couples). After the game, Feng Zhe even said bitterly, "What does it mean? Rivers and lakes are sinister. "

Feng Zhe is not a professional actor. No matter whether he questioned the Chopsticks brothers in the program or interviewed afterwards, the anger he couldn’t hide came from true expression. Some netizens carefully replayed some details in the first two issues of Fast Forward, and found that there was little interaction between Feng Zhe and the Chopsticks Brothers. In the first program, when the Chopsticks Brothers forgot to take the "task card" on the pirate ship princess, Feng Zhe and Zhu Zhu were nearby, but they did not remind the Chopsticks Brothers, but took the profits and took them away and cut the "task card" directly. Some people think that the chopsticks brothers turned to Feng Zhe just to avenge the pirate ship.

Careful netizens also found in Weibo that after participating in Fast Forward, Feng Zhe paid attention to G.E.M., Ceng Baoyi, Miriam Yeung, Ding Zigao, Han Geng, Zhang Yunjing, Orfila and Zeng Zhiwei successively, and even the host Wu Zhentian paid attention to the chopsticks brothers. It seems that the Olympic champion who tasted "sinister" when he first set foot in the "rivers and lakes" has not let go of this. 

 

Design, frame and help each other

Are G.E.M. and Chopsticks Brothers Enemies or Friends?

The relationship between "Jingqi Combination" in Zhang Yunjing, G.E.M. and the Chopsticks Brothers is even more subtle. According to the director group, this subtle relationship first comes from the gender of both sides. "Chopsticks are two old boys, and Jingqi Combination is two weak women, so all the chopsticks in the program take special care of and humble Jingqi Combination. In the next program, these two pairs of combinations have directly confronted each other, and the Chopsticks Brothers simply don’t know what to do." Besides, chopsticks brothers Wang Terry and Xiao Yang like G.E.M. very much, and they especially like G.E.M.’s songs.

With these two premises, plus in the first program, G.E.M. took the initiative to win over the chopsticks brothers at the beginning and shouted at them, "We are allies!" After that, the chopsticks really took the bait. First, in the "terror box" task, the backward G.E.M. group was chosen first. Later, in the "grilled fish" link, G.E.M. was also taught the exclusive secret of making a fire. But they never imagined that G.E.M. would vote for his "ally".

G.E.M. explained that the reason for voting for the Chopsticks Brothers was: "Because they were fifth and we were sixth in the last game, I think we should turn the opponent closest to us so that we can stay in the competition." It shows how strong her desire to stay in the competition is. However, this obviously deeply touched the hearts of the chopsticks brothers. Wang Terry, a member of the chopsticks group who showed more relaxation and less investment after the two programs, said after the game: "I think it is. Since I came to participate in this program, I have to go all out to fight for it. I need to adjust my mentality."

Audience spit chopsticks.

G.E.M. and fans’ clearance.

It is worth mentioning that although Wang Terry publicly stated in the program that he would adjust his attitude towards the game. But some viewers obviously have some opinions about his performance in the first two episodes. Especially in the second program, after Wang Terry resolutely refused the bungee jumping task, netizens made a fierce accusation against him in his Weibo. The reporter saw in Wang Terry’s Weibo that many viewers were voicing: "Ceng Baoyi and Wu Xin are afraid of heights, and they all bite their teeth when they cry like that! You big men dare not try! Then what are you doing here? " "you don’t like to challenge, like to travel, even women are not as good as." "I’ve seen this paragraph in the promo before, and you still use ‘ I am a coward ’ To refuse bungee jumping, watching the feature film is actually gone, and you know it’s shameful enough? " ……………………………………………………………………………………………………………………………………………………………. As for G.E.M. himself, what do you think of Wang Terry’s refusal to bungee jump? The reporter learned in the interview that G.E.M. really answered this question in the interview session of the program. The director group revealed: "G.E.M. said at that time that everyone has the right to choose, some will choose challenges, and some will choose to be true to themselves. She feels that there is nothing wrong with this."

The fourth of "Four Questions about Bitcoin": How does the blockchain develop healthily?

Editor’s note: In May, the "currency circle" attracted countless attention. On May 18th, China Internet Finance Association and other three major associations issued an announcement pointing out that carrying out the exchange business between legal tender and virtual currency and between virtual currencies violated relevant laws and regulations and was suspected of committing a crime. On May 21st, the the State Council Financial Committee made a heavy voice, and once again clarified the strict supervision attitude of the financial regulatory authorities on Bitcoin: "Cracking down on bitcoin mining and trading, and resolutely preventing individual risks from being transmitted to the social field".
Where does the "fever" of speculative money come from? What is the chaos of "currency circle"? How does "mining" consume energy? How does the blockchain develop healthily? With these questions, People’s Daily’s "Strong Observation" column specially launched a series of reports on "Four Questions about Bitcoin", so please pay attention.
Recently, bitcoin has attracted the attention of the general public because of its sharp rise and fall and the strong supervision of the government. How to understand the relationship between virtual currency such as Bitcoin and blockchain? What role does blockchain play in helping the development of the real economy? What will China do to promote the healthy and orderly development of blockchain? In this regard, People’s Daily’s "Strong Observation" column invited many experts to interpret it.
Is bitcoin equivalent to blockchain?
"Actually, Bitcoin is a virtual currency." Zhao Xijun, a professor at the School of Finance and Finance of Renmin University of China, said that virtual currency is just like the points launched by some platforms to encourage players to use their own systems more. These points are just numbers rather than real money, but they can be traded in kind or transferred. "This number generated by the platform according to the rules has no fixed face value, and it is not the currency issued by the platform in advance. It can be understood as virtual currency."
When it comes to bitcoin, many people will mention blockchain, and some even think that bitcoin is a blockchain. Is bitcoin equivalent to blockchain?
"Bitcoin is by no means the same as a blockchain. The essence of blockchain is a decentralized distributed database. It is an innovative application mode of Internet with distributed data storage, multi-center point-to-point transmission and encryption algorithms, not virtual currency. " Long Fan, dean of the Blockchain Research Institute in Shutu District, said, "In short, the blockchain is actually a decentralized distributed database or account book that is difficult to tamper with, including public chain, private chain and alliance chain."
Regarding the relationship between Bitcoin and blockchain, Zhao Xijun believes that blockchain is the underlying technology of Bitcoin, and Bitcoin can exist and operate only by relying on the technical support provided by blockchain. The relationship between the two is more like attachment and being attached. However, the application of blockchain is not limited to the financial field, and its application is very extensive.
How does the blockchain help the real economy?
On October 24, 2019, during the 18th collective study in the Political Bureau of the Communist Party of China (CPC) Central Committee, General Secretary of the Supreme Leader stressed that it is necessary to promote the deep integration of blockchain and real economy, and solve the problems of financing loans for small and medium-sized enterprises, bank risk control and departmental supervision.
"Blockchain technology is related to value circulation, trust construction, contract observance and execution. It can play a key role in technical support for the construction of China’s real economy ecological environment, such as reducing transaction costs, improving product quality and credit, eliminating capital friction, building a benign supply chain relationship, and creating an innovative and ecological environment." Taking the manufacturing industry as an example, Zhu Wei, a member of the expert database of Beijing Science and Technology Commission, explained that both the market and policies and regulations are regulating the development environment of the manufacturing industry, but there is still room for the construction of industry order between them. "Blockchain plays a supporting role in building the industrial order of the manufacturing industry from a technical point of view, and can help the manufacturing industry to build a benign order of the industry quickly, spontaneously and purposefully."
Based on the technical characteristics of anti-counterfeiting, anti-tampering and traceability, Zhu Wei believes that this is conducive to solving the problems of equipment management, data sharing, multi-party trust and cooperation, and security in manufacturing, and plays an important role in improving industrial production efficiency, reducing costs, and improving the level and efficiency of supply chain coordination.
In addition, blockchain technology can promote the integration of industry and finance, so that finance can better promote the development of the real economy. Zhao Xijun said that the combination of blockchain technology and supply chain can greatly alleviate the problem of financing difficulties for SMEs in the supply chain; The tamper-proof blockchain and the security mechanism of private keys make identity management easier, and it is no longer necessary to rely on the supervision and credit of third parties, which greatly enhances the credibility of data networks; Distributed ledger technology makes non-commercial confidential data stored and backed up at all participating nodes, which solves the problem of information island in supply chain financial business.
In order to promote the deep integration of blockchain and real economy, Tian Shengdi, an associate professor at the School of Finance of Southwestern University of Finance and Economics, suggested: First, establish a provincial or even national supply chain tracking system, and establish a traceability and data integrity for the material flow related to national security, national economy and people’s livelihood. Reliable logistics system; Secondly, relevant departments should encourage industry cooperation, develop collaborative procurement and share supply chain management platforms, and create a highly visible upstream and downstream supply relationship through blockchain technology; Thirdly, enterprises should explore the application scenarios of blockchain and improve the application efficiency of technology, such as integrating information flow, replacing paper contracts and bills with blockchain, and integrating capital flow and using blockchain for account management.
How does the blockchain develop healthily and orderly?
In the chapter of "Accelerating Digital Development and Building Digital China" in the Outline of the Tenth Five-Year Plan, blockchain is listed as one of the seven key industries of digital economy in the Tenth Five-Year Plan.
Blockchain has been included in the five-year national development plan for the first time, and has become an important carrier for developing digital economy and building digital China, which indicates that the integrated application of blockchain technology will play an increasingly key role in the process of digital industrialization and industrial digitalization.
In this regard, Pan Helin, Executive Dean of the Digital Economy Research Institute of Zhongnan University of Economics and Law, said that although virtual currency has ushered in strong supervision in China, with the support of a series of policies, blockchain is likely to become an important new infrastructure in the digital economy era. It is of great significance to the development of the real economy, modern finance, and scientific and technological innovation. Nowadays, all countries are vigorously developing.
In addition to the benefits, the blockchain also poses new challenges in terms of supervision. A blockchain research expert from the central bank explained that financial behaviors such as virtual currency exchange, ICO (initial token issuance) fund-raising and pyramid selling in the form of tokens are frequent, and the current regulatory technology needs to monitor and analyze the public chain address and transaction data of the above behaviors to judge whether it is illegal or not. However, the public chain based on blockchain technology is anonymous, and the intelligent contract has the characteristics of unmanned automatic execution, which makes it impossible for the current regulatory technology to carry out detection and analysis, and naturally it is impossible to complete the judgment of illegal and criminal acts.
Some illegal blockchain applications use the names of points, stored value, equity, bills of lading, sales incentives, coupons, etc. to implement illegal financial behaviors such as fund-raising and pyramid schemes. "In addition to technical supervision, there should also be laws and regulations, but laws and regulations in this area are still missing." The expert added that it is not clear how to adapt and be compatible with the existing regulatory processes even for the legitimate blockchain applications such as supply chain finance, compliant asset registration and trading, and deposit certificates, and it is necessary for the regulatory authorities to formulate refined and operational standards and norms.
In order to solve the above problems, the expert suggested to build a unified data supervision and analysis platform for virtual currency finance based on blockchain technology, which can not only analyze, predict and judge financial risks by combining bank transaction data, but also improve the analysis ability by applying big data, joint risk control based on privacy computing, knowledge map, artificial intelligence and other technologies. At the same time, for violations in the name of blockchain instead of blockchain technology, supervision should be strengthened to increase illegal costs.
One of the "Four Questions about Bitcoin": Why does supervision follow one after another? How big is the risk of speculation?
The second question of "Four Questions about Bitcoin": "Mining", how much energy does it consume?
The third of "Four Questions about Bitcoin": How much do you know about the chaos of "currency circle"?
Reporting/feedback

[Venture capital resumption] E-commerce AI SaaS service provider "Le Yan Technology" obtained strategic investment from Ali; Kunlun, Baidu AI chip division, completed a new round of financing.

Venture capital resumption

Focus on:

E-commerce AI SaaS service provider "Le Yan Technology" obtained strategic investment from Ali;

GitLab established the China joint venture company "Extreme Fox", which won hundreds of millions of yuan in investment in the first round;

Kunlun, Baidu AI chip division, completed a new round of financing;

Music copyright service company "Spark Sound Yue" completed millions of seed rounds of financing.

The contents of the following week’s investment and financing resumption (March 15th to March 19th) were compiled by the Hong Kong Stock Research Institute.

Consumer plate

"Zhen Wei Xiao Mei Yuan" won tens of millions of yuan in Series A financing.

"Zhenwei Xiaomeiyuan" has recently completed tens of millions of A-round financing, with Guo Sheng Capital as the investor and 42 Capital as the exclusive financial advisor. It is reported that this round of financing funds will be used for team expansion, brand marketing and R&D investment. "Zhen Wei Xiao Mei Yuan" is a brand of prefabricated dishes. At present, more than 50 kinds of prefabricated dishes have been developed, and nearly 30 of them are on sale. The explosive products include crystal lotus leaf chicken, pickled fish, black pepper beef fillet, kung pao chicken and old Shanghai scallion cake.

"Wangjiadu Food" completed nearly 100 million yuan in Series A financing.

"Wangjiadu Food" has completed a round of financing of nearly 100 million yuan. This round is led by Fuxing Yuan and invested by Tomato Capital. The funds are mainly used for catering and retail market development. Wangjiadu Food is a Sichuan-style food enterprise engaged in research, development, production and sales of Sichuan-style food. Formerly, it was a subsidiary of the central kitchen of Meizhou Dongpo, focusing on Sichuan-style prefabricated dishes. Now it has launched explosive prefabricated dishes such as Wangjiadu low-temperature lunch sausage and low-temperature Sichuan-style sausage, as well as Dongpo braised pork, roasted beef with bamboo shoots, yipin Dongpo pork, Maoxuewang and other Sichuan-style dinner dishes of Meizhou Dongpo, in addition to providing Sichuan-style seasonings, compound sauces and other products.

"Guang Liang Liquor Industry" has completed several hundred million yuan of A and B rounds of financing, with Gaoyan Venture Capital and BAI leading the investment.

The new liquor brand "Guang Liang Liquor Industry" has completed hundreds of millions of A and B rounds of financing in 2020, of which A round was led by Gaochun Venture Capital, followed by XVC and jagermeister Capital; Round B was jointly led by Gaochun Venture Capital and BAI Capital, and XVC overspent; Anke Capital acts as a financial consultant. At the beginning of its establishment in 2018, the company received angel round investment from Dawang Capital.

Children’s food brand "Little Yellow Elephant" completed tens of millions of angel round financing.

The children’s food brand "Little Yellow Elephant" has completed tens of millions of angel round financing, and the investor in this round is Zhenge Fund. Wang Yi, the founder of Little Yellow Elephant, told 36Kr that this round of funds will be mainly used for category expansion, global supply chain integration and marketing.

The baking snack brand "Sawada Benjia" completed the first round of over 10 million financing.

The baking snack brand "Sawada Benjia" has recently completed the first round of financing, with a financing amount of over 10 million. This round of financing is jointly funded by independent investors He Boquan and Tiantu. Independent investor He Boquan is the founder of today’s investment. This round of financing will be mainly used for new product development, offline stores and online channel expansion.

The creative bibimbap sauce brand "Xibao Research Institute" won nearly 10 million yuan in angel round financing.

The creative bibimbap sauce brand "Xibao Research Institute" has completed nearly 10 million yuan of angel round financing, and the investor in this round is Meihua Venture Capital. This round of financing will be used for marketing promotion, brand building, product research and development and supply chain construction.

The pot circle completed the $300 million D round of financing.

Cookware Supply Chain (Shanghai) Co., Ltd. announced that it has completed the $300 million Series D financing led by CMB International and Tiantu Capital, with the old shareholders exceeding the limit. The company said that it will build upstream barriers and enter the third-and sixth-tier consumer markets.

Science and technology concern

E-commerce AI SaaS service provider "Le Yan Technology" obtained Ali strategic investment.

E-commerce AI SaaS service provider "Le Yan Technology" announced the completion of the C3 round of financing led by Alibaba. So far, the accumulated financing amount of Le Yan Science and Technology Round C has exceeded 500 million yuan. Shen Libin, founder and CEO of Le Yan Science and Technology, said that the funds raised in this round will be used to further increase investment in AI technology research and development and launch more AI intelligent software services.

SRM procurement supply chain service provider "Enterprise-Enterprise Link" completed the C round of financing.

Shenzhen Enterprise Technology Co., Ltd. officially announced that it has completed the C round of financing by Yonghua Investment, Kunzhong Capital, Koala Fund, Galaxy Venture Capital and Rose Tree Investment. Among them, Kunzhong Capital has already made several rounds of investment in enterprise-enterprise communication. After this round of financing, Enterprise-Enterprise Link will continue to enrich SRM industry solutions, upgrade product functions and customer service experience, and continue to provide more value-added services for enterprises and suppliers based on SRM platform.

GitLab established the China joint venture company "Extreme Fox", which won hundreds of millions of yuan in investment in the first round.

GitLab, an open source platform, announced the establishment of a joint venture company in China, named "Extreme Fox Information Technology (Hubei) Co., Ltd.". The joint ventures also include Sequoia Broadband and Gaocheng Capital, which won hundreds of millions of RMB investment in the first round. According to the official introduction, GitLab has more than 30 million registered users and more than 100,000 corporate customers worldwide. In China, GitLab has millions of open source users. GitLab said that through cooperation with Sequoia Broadband and Gaocheng Capital, the company will gain complete autonomy in strategy, technology, products, pricing and operation.

The UAV company "Feifei Technology" completed a C++ round investment of over 300 million yuan.

The drone company "Feifei Technology" announced the completion of the C++ round investment of Gaochun Venture Capital exceeding 300 million yuan. The capital injection of Gaochun Venture Capital this time is an additional investment in the financing of 1.2 billion yuan of Feifei Technology at the end of last year.

"Haiyan Technology", a supplier of AI machine vision equipment, won tens of millions of yuan in Series A financing.

Beijing Haiyan Automation Technology Co., Ltd., a supplier of AI machine vision equipment, has completed tens of millions of A-round financing in September 2020. The investor in this round is Fengrui Capital. Haiyan Technology was established in 2015, focusing on the home appliance industry in the early stage, providing customers with intelligent equipment and complete system solutions based on machine vision and artificial intelligence.

"Tengyin Caizhi" has received more than 100 million RMB A+ rounds of financing, and the investors are Tencent and Gaorong Capital.

Shenzhen Tengyin Information Consulting Co., Ltd. (hereinafter referred to as "Tengyin Caizhi") announced the completion of the A+ round of financing of over RMB 100 million, with Tencent and Gaorong Capital as investors. This round of financing is mainly used to optimize the product matrix, introduce industry talents, enhance research and development capabilities, and quickly launch a variety of value-added products and supporting services.

"Tezan" completed the $100 million Series C financing and released the digital platform for content experience for the first time.

"Tezan" announced the completion of the C2 round of financing led by Temasek, with Unicorn Capital Partners, C Ventures, Softbank China Capital and all the old shareholders (Sequoia China, Hearst Capital, Linear Capital, Jingya Capital, Xinyuan Capital, etc.) following the investment. Mumian Capital serves as the exclusive financial advisor for Series C financing. After this round of financing, Tezan will invest more in products, research and development, data and underlying technologies, and will also expand its business team and set up a South China office. Taking content experience data asset management as a platform, we will expand the platformization and intelligent content production and content circulation scenarios of medium and large enterprises in different industries.

"Suzhou Leike Sensor" completed tens of millions of A round financing.

In March, 2021, Suzhou Science & Technology Leike Sensing Technology Co., Ltd. completed tens of millions of yuan of Series A financing. This round of financing was led by Zhongguancun (000931, stock bar) Zhiyou Scientists Fund, followed by Yonghua Investment and Puhua Capital. This round of financing will be used to increase the company’s R&D investment in new products and application systems of 94GHz millimeter wave radar and SAR radar in the civil field, and expand business application fields.

"Impression Notes" completed hundreds of millions of B rounds of financing

The information management platform "Impression Note" announced the completion of hundreds of millions of B rounds of financing. This round of financing was jointly led by Zhencheng Investment and Shanghai Cultural Industry Development Investment Fund, followed by Dunhong Assets, Tongchuang Weiye and Ruili Investment. This round of financing will be used to optimize and adjust the ownership structure, accelerate the development of core business, and promote the development and integration of various new businesses. At the same time, it will invest in the construction of new research and development centers, increase the innovative research and development of related technologies and products such as artificial intelligence and natural language processing, and help the continuous iterative upgrading of products.

"Yi Anlian" announced the completion of nearly 100 million B+ rounds of financing.

"Yi ‘anlian" announced the completion of nearly 100 million B+ rounds of financing. This round of financing was led by Chenyi Investment, and Langmafeng Venture Capital and the old shareholders followed the investment. Cipher Capital continued to serve as the exclusive financial advisor for this round of financing. The funds will be mainly used for sales market expansion and zero-trust technology research and development, and accelerate the national coverage of zero-trust security business.

Innovative property service provider and smart platform operator "Fengwu Technology" completed nearly 100 million A+ rounds of financing.

The innovative property service provider and smart platform operator "Fengwu Technology" officially announced the completion of nearly 100 million yuan A+ round of financing from Xuehu Capital, which will be used to further expand the market scale and establish the upstream and downstream ecology. According to reports, Fengwu integrates the mainstream hardware equipment and software systems on the market at present with the property cloud platform, such as community security software and hardware facilities, three-party financial software, etc., and then analyzes and calculates the collected data with algorithms. The analysis results will directly provide management basis for business and services, thus giving customized and landing solutions.

The enterprise expenditure management platform "Decibel Connect" received 92.5 million US dollars in Series C financing.

The enterprise expenditure management platform "Decibel Pass" received a series C financing of US$ 92.5 million, which was jointly led by Gaochun Venture Capital and Tencent, followed by the old shareholders IDG Capital, Ribbit Capital, Stowe Capital and Glade Brook Capital, and Yuanyi Capital served as the exclusive financing consultant in this round. This round of financing will be mainly used to accelerate product iteration and expand the team.

"Karel Robot" received multi-million yuan Pre-A round of financing.

Karel Robot Technology Co., Ltd. completed a multi-million yuan Pre-A round of financing, which was led by Hong Taizhi. The funds will be used for the research, development, production and marketing of commercial service robots.

Kunlun, Baidu AI chip division, completed a new round of financing.

Kunlun, Baidu’s AI chip division, completed a new round of financing, led by CITIC Industrial Fund, with a valuation of 2 billion US dollars.

"Endpoint" completed over 400 million yuan in Series A financing.

Hangzhou Terminal Network Technology Co., Ltd. completed the Series A financing of over 400 million yuan, which was led by Sequoia Capital, followed by its old shareholders Alibaba Cloud and Yaotu Capital. This round of financing will be used for software system research and development and team expansion.

The domestic brain-computer interface platform "NeuraMatrix" has received multi-million dollar Pre-A financing.

NeuraMatrix, a domestic brain-computer interface company, has completed a multi-million-dollar Pre-A round of financing, led by Jingwei China. This round of financing will be mainly used for mass production and sales of NeuraMatrix’s existing system-level products, new product development and talent introduction.

The intelligent supplier of supply chain "Shangwangyun" received tens of millions of angel round financing.

Shangwangyun, a supplier of digital intelligence in the supply chain, has completed tens of millions of angel round financing. This round of financing was led by Shunwei Capital, followed by strategic investors, and the old shareholder Lanling continued to raise money. Yunyue Capital served as the exclusive financial adviser. This round of financing will be used to develop products and expand the market.

"Know the future" won tens of millions of yuan in Pre-A round of financing.

"Knowing the future" completed tens of millions of yuan of Pre-A financing, led by Meihua Venture Capital, and followed by Gengyong Capital, Guohong Jiaxin Capital, Dachen Caizhi Venture Capital and other institutions. This round of financing is mainly used for the research and development and market expansion of ultra-low light full-color imaging products and systems.

Robot process automation service provider "Shadow Knife RPA" received over 10 million dollars in Series A financing.

The robot process automation service provider "Shadow Knife RPA" has successively completed the investment of 10 million US dollars in Pre-A and A rounds. Among them, the Pre-A round of financing was led by Red Dot China and followed by Jinshajiang Venture Capital; Round A was led by Gao Lin Venture Capital, followed by GGV Capital, and continued support from old shareholders China, Jinshajiang Venture Capital and Yingdong Capital. The funds raised will be mainly used to expand the R&D team and strengthen the service support team.

"Huayun ‘an" received tens of millions of A round financing.

Beijing Huayun ‘an Information Technology Co., Ltd., a security vendor focusing on vulnerability management and AI attack and defense, has officially completed tens of millions of A-round financing. The investor in this round is DCM, a well-known venture capital institution, and Cryptographic Capital is the exclusive financial advisor. After this round of financing, the company plans to continuously improve its technical strength and product capabilities, consolidate the construction of talent echelon, continue to build a cloud native security ecosystem, strengthen its innovative ability in vulnerability management and attack and defense services, and enrich the diversified layout of business scenarios in various industries, and accelerate the application of artificial intelligence in network security.

"Insight Technology" won tens of millions of yuan of Pre-A round of financing.

Shenzhen Insight Wisdom Technology Co., Ltd. completed the Pre-A round of financing at the beginning of the year. The main investors in this round are Yuanqi Capital and Feifan Venture Capital, Xinyuan Capital and other old shareholders, with an amount of tens of millions of RMB. After this round of financing, technology research and development and ecological construction of application scenarios will continue.

SaaS service provider "Jijia" completed 30 million Pre-A round of financing.

SaaS service provider "Jijia", which is committed to providing digital management solutions for cross-border e-commerce enterprises, has completed a 30 million yuan Pre-A round of financing. This round of financing is led by Yunqi Capital, simple investment and strategic resources, and will be used for market system construction, product and service upgrading, and introduction of high-end talents.

Medical plate

"Akang Health" completed nearly 200 million yuan in Series B financing.

"Akang Health" has recently completed nearly 200 million yuan in Series B financing and released a regional medical health platform. This round of financing is led by Zhongjin Qide, Zhongke Kechuang, Nanjing Bofu Investment and Shenzhen? Sub-wealth fund subscribed. Akang Health is a chronic prescription drug operation and management organization, which integrates chronic prescription drug operation, chronic disease management, hospital prescription circulation, e-commerce operation and out-of-hospital prescription increment, focusing on providing pharmacy service and chronic care for chronic patients who leave the hospital, and providing pharmaceutical enterprises with out-of-hospital prescription drug channel expansion, product increment and patient data management services.

"Yinming Bio" announced the completion of $60 million Series A financing.

"Yinming Bio" announced the completion of $60 million Series A financing. This round of financing was led by Gaorong Capital, followed by Lightspeed China, Huacheng Venture Capital, Jingcheng Capital, Huajin Capital (000532, shares bar) and Hengqin Jintou. Yinming Bio was established in October 2019, and its product pipeline covers the fields of ophthalmic drugs, small molecule immunodrugs, cell therapy, new medical and aesthetic drugs and so on.

Julu Medical, the overall solution provider of cardiopulmonary rehabilitation, has received tens of millions of yuan investment in Round A.

Julu Medical, the overall solution provider of cardiopulmonary rehabilitation, received tens of millions of RMB investment in Round A.. This round of funds will be used for the expansion and construction of rehabilitation centers of Julu Medical, the expansion of digital innovative equipment, hardware research and development, and the construction of marketing and operation teams. According to the official introduction, Julu Medical owns Beijing Julu Rehabilitation Medical Center Co., Ltd. (rehabilitation center) and Hangzhou Julu Medical Equipment Co., Ltd. (research and development factory), and has the certificates of national high-tech enterprises and Zhongguancun high-tech enterprises, and has obtained more than 60 patents.

Light medical cosmetology skin care brand "BIOLAB Listening Research" completed 10 million Pre-A rounds of financing.

Light medical cosmetology skin care brand "BIOLAB Listening Research" has recently completed a 10-million-level Pre-A round of financing, led by Tiantu Capital and followed by Baojiehui Innovation Consumer Fund. According to its founder Kiki, the funds will be mainly used for product research and development and brand marketing investment.

Fete Intelligent Inspection, a provider of visual intelligent inspection solutions, won tens of millions of A+ rounds of financing.

The vision intelligent detection solution provider "Fete Intelligent Detection" has completed tens of millions of A+ rounds of financing, which is led by Tianying Capital and followed by Zhuhai Hengqin Gold Investment. The funds will be mainly used for product research and development and business development.

"Hanyu Medical" received nearly 500 million yuan in D+ round financing.

Shanghai Hanyu Medical Technology Co., Ltd. has completed D+ round financing with a total amount of nearly 500 million yuan; This round of financing introduced Yunfeng Fund, the leading investor, and investors such as Jiangsu Ruihua, Octagon Capital, Yifangda and Lingdao Capital, and the original shareholder Honghui Capital continued to invest. Bairong Capital serves as the exclusive financial advisor for the company’s current round of financing.

"New Code Bio" completed over 400 million yuan in Series A financing.

Zhejiang pharmaceutical subsidiary "Xinma Bio" has recently completed a round of financing of over 400 million yuan. This round of financing was jointly led by Lilly Asia Fund (LAV) and Jingwei China, followed by SDIC Investment and Sanhua Hongdao. The funds raised will be used to support the clinical development and commercialization preparation of the company’s core product ARX788, product line expansion and independent innovation technology platform construction.

New industrial plate

The intelligent container truck transportation operation platform "Platypus" received an investment of 50 million US dollars.

It was learned from Duckbill Company, an intelligent container truck transportation operation platform, that Temasek, an international capital tycoon, led the investment, Lanting Investment followed the investment, and a number of old shareholders including Mingshi Capital, Shunwei Capital, Rongrong Capital, Zhuopu Investment and Duxiu Capital jointly organized a group to invest another $50 million in the company.

Changyang Technology, an enterprise in the fields of industrial Internet security and industrial control security, completed the financing of nearly 200 million yuan in the D round.

Changyang Technology, an enterprise in the fields of industrial Internet security and industrial control security, has completed nearly 200 million yuan financing in the D round. This round of financing was led by Sino-Russian Energy Fund, followed by Shenzhen Venture Capital, Guoyuan Venture Capital and Yuna Capital. According to the official introduction, Changyang Technology focuses its products and business on industrial network security and security big data. After completing the D round of financing, Changyang Technology will continue to increase its investment in product innovation, technology research and development, service operation and professional personnel training.

Pan-entertainment plate

Music copyright service company "Spark Yinyue" completed millions of seed rounds of financing.

The music copyright service company "Spark Sound Yue" has completed millions of seed rounds of financing, with investors including Donghu Angel Fund, Blueport Interactive and Hunting Capital. This round of financing is mainly used for team building and product development. According to public information, Spark Yinyue was established in 2020 and is affiliated to Wuhan Spark Yinyue Technology Co., Ltd., which is an innovative service technology enterprise focusing on music commercial solutions, music copyright management and music works marketing.

Psychological social product "hope" completed millions of angel round financing.

The psychological social product "hope" has recently completed a multi-million yuan angel round of financing. The investor did not disclose that the funds will be used for product iteration, content expansion and scenic spot cooperation. Hope is a positive psychological social product focusing on young people’s emotional sustenance and companionship. It was launched in 2017 and has now exceeded one million users.

The Internet operator "OTM", a member of the wine brigade, received nearly 40 million yuan in angel round financing.

OTM Zhongshu Travel Technology, an Internet operator of wine travel members, recently announced the completion of nearly 40 million yuan of angel round financing. This round of financing was led by creation partner CCV, followed by Gaorong Capital and Echo Capital as exclusive financial advisers. This round of financing will continue to be used for technology research and development, market expansion and talent introduction.

Emotional social product "Mood" has received millions of dollars in angel round financing.

Mood, a voice chat room that focuses on emotional socialization, received a multi-million dollar angel round of financing, led by Meihua Venture Capital and followed by another US dollar institution. Mood is an emotional social App for positioning young people hatched by MarryU, a new generation of marriage and love platform in China. It has been launched and operated in various application stores for one year.

Automobile plate

"Sinian Zhijia" won tens of millions of yuan in Pre-A round of financing.

Beijing Sinian Zhijia Technology Co., Ltd. announced that it has obtained tens of millions of yuan of Pre-A financing, with Guangfa Xinde as the lead investor and Jinbang Capital and Chentao Capital as the investors. This round of financing will be used for the company’s technology research and development, daily operation and market expansion.

Momenta, a self-driving company, received $500 million in financing, and SAIC, Toyota and Bosch jointly led the investment.

Momenta has completed the C round of financing totaling 500 million US dollars. This round of financing was led by SAIC (600104, stock bar), Toyota, Bosch, Temasek and Yunfeng Fund; Other investors include Mercedes-Benz, GGV ggv capital, Shunwei Capital, Tencent and Caive Fund. After obtaining new financing, Momenta will continue to promote the scale of autonomous driving around its "flywheel" technical route driven by mass production data. In addition, Momenta will further expand its overseas business and set up offices in Germany and Japan.

Overseas concern

Squarespace, an American self-help website platform, completed a new round of financing of 300 million US dollars, with a valuation of 10 billion US dollars.

Squarespace, an American self-help website building platform, said on Tuesday that it has completed a new round of financing of about 300 million US dollars, and the company’s valuation has reached 10 billion US dollars. The company said that new investors include Dragoneer, Tiger Global and D1 Capital Partners, adding that it plans to use the proceeds to fund its growth. Squarespace secretly submitted a listing application in January this year.

American fresh e-commerce "Weee!" Completed the $300 million D round of financing.

American fresh e-commerce "Weee!" Completed the $300 million D round of financing. This round of financing was led by the old shareholder DST Global, followed by new investors Blackstone Growth, Tiger Global and Arena Holdings, with XVI as Weee! The B-round lead investor continued to follow in this round. This round of financing will be used for the regional expansion of the fresh delivery market in the United States, the establishment of a more diversified product supply chain, the expansion of other Asian and Hispanic fresh delivery markets in the United States, the recruitment of talents, and the development of the latest technologies.

This article was first published on WeChat WeChat official account: Hong Kong Stock Research Society. The content of the article belongs to the author’s personal opinion and does not represent Hexun.com’s position. Investors should operate accordingly, at their own risk.

(Editor: Li Jiajia HN153)

Summary of National Football Asian Cup: One goal is not scored, and one win is hard to find. Has China football reached its lowest point?

  With Hellbing helping Syria score a goal against India, China’s trip to the Asian Cup officially came to an end. Ranked third in a group that is not strong in overall strength, and third in the group with the worst performance among the six groups, China team has faded out of the top 16 in Asia.

  The Asian Cup is just a microcosm. In recent years, China’s national teams of all ages have been absent from various world competitions and are struggling in Asian competitions. In the upcoming U23 Asian Cup and Olympic qualifiers, China was even placed in the fourth team.We have to admit that the China men’s soccer team has now become a third-rate team in Asia.

  Look at the present: the building has fallen from bad to worse.

  In three group matches, two draws and one loss, one goal failed, and the group was third out, setting a new record for the national football team to participate in the Asian Cup.In this Asian Cup, the problems began to appear from the first match against Tajikistan. In jankovic’s tactics, offense and defense are two different positions. Such tactics are not uncommon in today’s football world, but such real-time position switching requires players’ certain tactical literacy and athletic ability as a guarantee. But it turns out that in today’s China team, many people don’t have this ability.The accuracy of passing the ball is not enough, and the change of ball rights is constantly appearing, which makes this formation change more frequent, which makes the players with insufficient ability more and more exhausted. The loss of power in midfield and the loopholes in defense are the direct results of the mismatch between tactics and players’ abilities.

  Jankovic tried to solve the problem by changing the array. In the match against Lebanon, jankovic first introduced the 532 formation. But at the beginning of the big list, it seems that it was not selected according to the formation of the five defenders. Such a temporary change is tantamount to robbing Peter to pay Paul, which makes up for the original loopholes to some extent, but it also brings new problems, which is not conducive to the players to play their best level on the court.

  In the first 45 minutes of the final round against Qatar, the national football team played the best half game of this Asian Cup, but still failed to score. This inevitably reminds people of the last round of the Asian World Cup qualifiers in 2017. In the case of last stand, Qatar, which had no pressure and sent a large number of non-main players, took the lead in the first half but lacked the skills to score.

  But the difference is that Qatar at that time was a team that failed to qualify at the bottom of the group and even had few home audiences. Now they have transformed themselves into defending champions who qualified early. The identity change between China and Qatar is also a microcosm of the overall development of Asian football in recent years. As Wei Shihao said after the third game,China’s men’s soccer team has fallen behind in all directions, Asian teams are making progress, and we are standing still.

  Recalling the past: Rome wasn’t built in a day.

  Looking at the top scorer list of the Super League in 2023, there are only two domestic players, Lei Wu and Tan Long, and only Wang Ziming and Daniel F. Akerson are in the top 20, and the rest are occupied by foreign aid.Over the years, many domestic players have formed the habit of giving the ball to foreign aid in the middle and front court to solve the problem.Once this dependence is formed, over time, they also lose their sense of smell for finding flaws and their spirit of attacking the city and pulling out the village.

  A few years ago, the Super League and even China A introduced strong foreign aid crazily, and the ball market was hot. The Guangzhou team also won two AFC Champions trophies.However, the false prosperity of football manufacturing in Jinyuan is not sustainable after all. In recent seasons, we have witnessed the demise of one old club after another.And these bubbles are reflected in the national team level, that is, the World Cup, the Asian Cup and other major competitions, without exception, do not end in disappointing results.

  This is just the tip of the iceberg of the problems existing in the development of China football over the years. According to industry insiders,China’s football development plan has long been out of touch with international advanced concepts, and this disconnection has even lasted for 20 years.For example, the selection, training and competition of high-level players, etc., only when these contents are carried out in the case of high confrontation can ensure that players can adapt to the high-level game rhythm in major events.

  It’s not that the Football Association didn’t learn advanced cases in the past, but it only learned the surface and the fur. For example, the implementation of the U23 policy is nothing more than driving ducks to the shelves and pushing players who are not capable of competing on such a stage to the stadium, which has created one joke after another with extremely short playing time. Correspondingly,The average age of the national football team is in this Asian Cup.24Ranked the second highest among the participating teams.There are old faces on the court, but few future stars and fresh blood.

  It’s not that the Football Association hasn’t tried to remedy it, but it’s a temporary solution rather than a permanent cure. At the end of 2018, the national football team set off a wave of naturalization, but five years later, among this group of naturalized players, only Jiang Guangtai participated in this Asian Cup. Besides, there are only a handful of people who are still active in China football. They are destined to be passers-by in China’s football history. They came in a hurry and left in a hurry, but failed to lead the national football team to the World Cup or kill the quartet in the Asian Cup as expected.

  After all,The meaning of domestication itself is to complete the puzzle, or to add icing on the cake, rather than taking them as the framework and cornerstone, otherwise it will be putting the cart before the horse.Naturally, we should not hope that the appearance of these naturalized players will make the national football team completely turn over.

  As early as 2015, at the 10th meeting of the Central Leading Group for Comprehensively Deepening Reform, the Overall Plan for Football Reform and Development in China (hereinafter referred to as the "Plan") was reviewed and approved. It puts forward a "three-step strategy" for the development of football in China, that is, the short-term goal of "straightening out the football management system, formulating the medium-and long-term development plan of football and innovating the football management model with China characteristics", and the medium-term goal of "realizing a substantial increase in the youth football population, reaching the first-class level in Asia in the organization and competition of professional leagues, leading the national men’s soccer team in Asia, and returning the women’s soccer team to the ranks of the world’s top teams", and "enabling China to successfully bid for the World Cup, and the men’s soccer

  But nearly nine years later, we are getting farther and farther away from this goal. In this regard,China Football Association has an unshirkable responsibility. Over the years, the overall design of China Football Association has been problematic from the top of the pyramid.,The separation of management and operation required by the "Program" has not been implemented.Some "moths" are even more selfish, ruthlessly trampling on the efforts of countless footballers day and night. Nowadays, the competitiveness of the league is declining, the clubs are tottering, and there is no successor to the national team … … All this is the result of years of accumulated evil.

  Seek the future: the past is not admonished, and the future can be pursued.

  The emergence of every football giant is not made out of nothing and achieved overnight, but has a process from zero to one and from weak to strong. What is done is done, and what happened in the past cannot be changed; But there are still countless possibilities for China football in the future.

  If we want to develop healthily for a long time, we should rely on our own hematopoietic capacity.Youth training may be the only way out.The "Program" included football in the teaching content of physical education class in primary and secondary schools around the country, and the proportion of class hours increased.But until today, China’s "integration of sports and education" has failed to find that balance point, and the ideal "equal emphasis on learning and training" will inevitably lead to a "learning and training dilemma".

  Today, our countrytwelveThere are quite a few football people under the age of 18, but many children are under the pressure of further studies.twelveAway from football at the age of 18.Even then they had made their mark on the pitch.How to make more children appear on the football field more permanently is an urgent problem to be solved in the integration of sports and education.

  The appearance of every star is accidental, and it is by no means accidental. They are born with extraordinary talents, or they are successful step by step, but all of them are under a sound system, Bole’s discerning eyes know pearls, or the waves of the years wash sand. It is an inevitable process that quantitative change leads to qualitative change. No one can be destined to become a star at the age of 12, but "retiring at the age of 12" is doomed to be a star.

  To change, we must start from youth training and start from the grassroots.Those grass-roots football seems to be far away from the profession and the national team, but this is the foundation for the survival and development of a national football. Only by truly sinking the focus of football development from the top league to the grass roots, exploring the football system suitable for our country, and establishing the path from school to club, from youth training to occupation, can China football develop continuously and gradually move towards a bright future.

  At present, the first task is to make fundamental changes. All changes have painful periods,Some insiders believe that,The lowest point of China football may be in the future, so we should be prepared that it will be difficult for the national team to achieve excellent results for a long time to come.What China football needs now is to consolidate the foundation of the "football pyramid" seriously, to adjust its direction, to persist in the right path, not to toss about, not to be eager for quick success, to follow the objective laws of football and to move forward steadily.

Promoting high-quality development of enterprises in deepening reform (observation of production and marketing)

  Source: State-owned Assets Supervision and Administration Commission of the State Council

  Since the implementation of the three-year reform of state-owned enterprises, the leading groups of state-owned enterprise reform in various places have promoted the reform in an all-round way and made many breakthroughs. At present, the progress of completing the main tasks of the three-year reform of local state-owned enterprises has exceeded 90%. In 2021, the total assets of local SASAC-supervised enterprises reached 183.7 trillion yuan, with operating income and net profit reaching 35.4 trillion yuan and 1.5 trillion yuan respectively, up by 19% and 27.4% respectively, and the economic benefits reached the best level in history.

  What experiences and practices have been formed and what positive progress has been made in the reform of local state-owned enterprises? A few days ago, the reporter interviewed Baotou Steel, Guangzhou Automobile and Shaanxi Fiberhome Electronics.

  — — Editor

  Baotou Steel (Group) Company — —

  Follow the market rules and enhance endogenous power

  Our reporter Liu Zhiqiang.

  In February, 2021, we installed ammonium sulfate intelligent manufacturing electrical equipment independently, saving 28,168 yuan; In November 2021, the desulfurization cable was repaired, saving 15,090 yuan; In total, the annual savings exceeded 1 million yuan … … A table records in detail the cost reduction effect of industrial control network section of coal coke chemical branch of Baotou Steel in 2021. "Get started by yourself, repair the old and waste, and repair the equipment, both ‘ Hey ’ Out of the cost, it also makes the work more fulfilling. " Xing Gang, section chief of the industrial control network, said.

  Reduce financial costs, manufacturing costs, logistics costs, and labor costs, and improve asset operation efficiency and work efficiency. Since 2019, Baotou Iron and Steel (Group) Co., Ltd. has started to implement the "four reductions and two lifts" project, clarifying tasks step by step and post by post, with full participation, reducing costs and increasing efficiency, and reducing various costs by more than 9 billion yuan.

  "There is pressure and more motivation." In Xing Gang’s view, reducing costs and increasing efficiency can be implemented, behind which the incentive mechanism has improved the enthusiasm of employees. "Everyone has reduced costs by optimizing production processes and eliminating hidden dangers of equipment, and will receive special rewards, which is also conducive to promoting ranks and improving salaries."

  As an old state-owned enterprise with a history of more than 60 years, Baotou Steel once fell into huge losses around 2016. During the three-year reform of state-owned enterprises, Baotou Steel, under the guidance of the State-owned Assets Supervision and Administration Commission of Inner Mongolia Autonomous Region, made a "combination boxing" of the reform of slimming, reducing costs and increasing efficiency and strategic transformation, and gradually turned losses into profits and got out of the predicament. In 2021, Baotou Steel achieved an operating income of 126.036 billion yuan and a profit of 10.36 billion yuan, increasing by 44.75% and 579.19% respectively compared with 2018, and all indicators reached the best level in history, becoming the first state-owned supervision enterprise in Inner Mongolia Autonomous Region with a revenue exceeding 100 billion yuan.

  "Being in a completely competitive industry, Baotou Steel must take greater reforms and touch deeper contradictions if it wants to turn losses into difficulties." Wei Shuanshi, secretary of the Party Committee and chairman of Baotou Steel (Group) Company, believes that the essence of reform is to follow the laws of the market and let the market-oriented mechanism really play its role.

  On the one hand, we should lose weight and keep fit, deal with difficulties and do a good job of "subtraction" in resource allocation to enhance market competitiveness.

  In recent years, Baotou Steel has disposed of eight "zombie enterprises" by taking measures such as asset reorganization, property right transfer and bankruptcy, involving assets of 1.49 billion yuan. At the same time, scientifically dispose of inefficient and ineffective assets and classify idle assets. Since 2016, 402 idle assets have been publicly disposed of through the market-oriented property rights trading platform, with an asset appreciation of more than 32 million yuan. At the same time, we will build a more advanced and environmentally friendly production line, and Baotou Steel will steadily realize transformation and upgrading.

  On the other hand, optimize incentives, scientifically decentralize, and do a good job of "addition" in endogenous motivation to enhance the development potential of enterprises.

  In November, 2021, researchers of Baotou Rare Earth Research Institute, a subsidiary of Baotou Steel, welcomed good news: the research institute appraised the technical achievements of "Rare Earth PVC Heat Stabilizer" at a price of 12.75 million yuan, and established a joint venture of Northern Rare Earth Ruihong Company, and 70% of the equity formed by the technology was awarded to the researchers. "In addition to equity incentives, there are short-term timely rewards for achievements, dividend incentives for achievements transformation, and differentiated salary mechanisms and scientific research projects ‘ Reveal the list ’ The mechanism and incentives are more and more perfect. " Li Bo, vice president of Baotou Rare Earth Research Institute, said.

  While stimulating the enthusiasm of researchers, Baotou Steel also decentralized all units to introduce high-level talents on their own, especially those who are in urgent need of enterprise development. In 2021, Baotou Rare Earth Research Institute established Hangzhou Branch with the support of the Group to create a "talent enclave". "Establishing a branch can not only strengthen the docking cooperation with local universities and scientific research institutions, but also effectively solve the problem of attracting talents." Li Bo told reporters that in the past two years, the branch has attracted many high-level talents to join. "In December last year, we successfully hired high-end talents in the rare earth industry and professors from Zhejiang University to strictly serve as the dean of the Rare Earth Research Institute, realizing the professionalization of cadres."

  Ability determines position, efficiency determines employment, and contribution determines salary. In recent years, Baotou Steel has carried out three institutional reforms to comprehensively enhance the endogenous motivation of enterprises — —

  Let cadres go up and down. In Inner Mongolia Autonomous Region, we took the lead in pushing forward the market-oriented hiring and contractual management, took out 53 full-time posts and 178 deputy posts, openly recruited talents to attract talents to the society, signed letters of responsibility with managers of 100 holding subsidiaries, and set contractual indicators scientifically and reasonably.

  Let employees get in and out. Improve the differentiated assessment and evaluation mechanism, implement rigid withdrawal for incompetent people, and terminate labor contracts for those who violate discipline and law.

  Let the income increase and decrease. The salary distribution highlights the marketization in an all-round way, instead of simply "looking at status" and "looking at rank". The monthly income of employees fluctuates by more than 10%, and the salary gap of middle-level cadres reaches nearly 8 times. Since 2016, the income of employees on the job has increased by 62%.

  "Through reform, Baotou Steel has gradually embarked on a benign development track and has the conditions and foundation to move towards a higher level. In the next step, we must step by step to deepen the reform and make continuous progress towards the goal of building a first-class domestic enterprise. " Wei Shuanshi said.

  Guangzhou Automobile Group — —

  Perfecting governance mechanism and enhancing competitive strength

  Our reporter Wang Zheng

  Recently, Guangzhou Automobile’s reform measures have been frequent: 794 important technicians and management personnel have been included in the scope of employee equity incentives, accounting for about 20%; At the same time, strategic investors such as Chengtong Group and Nanwang Kinetic Energy were introduced, raising 2.566 billion yuan, laying the foundation for completing the A round of financing and shareholding system reform before the third quarter of this year.

  "Establishing a more market-oriented corporate governance structure, a more competitive equity structure and a long-term incentive mechanism to fully stimulate the vitality of enterprises and the enthusiasm of employees is the main purpose of GAC Ai’ an to carry out mixed ownership reform." The relevant person in charge of Guangzhou Automobile Group Co., Ltd. said.

  In recent years, Guangzhou Automobile Group, as the first large state-controlled automobile group with A+H shares listed as a whole in China, has continued to exert its efforts in the new corporate governance mechanism and actively explored the construction of modern enterprise system with China characteristics.

  — — Strengthen the board of directors and forge the main body of corporate governance decision-making.

  How to promote the diversified sources, reasonable structure, effective checks and balances and efficient operation of the board of directors is a major issue in the construction of modern enterprise system of Guangzhou Automobile Group.

  In order to build an excellent board of directors, Guangzhou Automobile Group strengthened the top-level design and improved the system of selecting and appointing directors. Broaden the channels of talent introduction and establish a talent pool for directors; Insist on selecting the best among the best and strictly screen directors. At present, among the group’s 11 directors, 3 external directors are senior executives in the automobile industry and finance nominated by minority shareholders, and 4 independent directors are well-known experts in the fields of law, financial accounting and strategic management at home and abroad. At the same time, the Group has also established a team of 160 external directors, and promoted all the 108 subsidiaries at all levels included in the scope of construction to set up boards of directors, with 100% external directors in the majority.

  In order to strengthen the protection of directors’ performance of duties and fully implement the functions and powers of the board of directors, Guangzhou Automobile Group has improved relevant systems, established a follow-up feedback mechanism for directors’ opinions, and formulated measures for the management of funds of the board of directors to provide a strong guarantee for directors to perform their duties. Implement the major decision-making power of the board of directors, give play to the role of the four special committees under the board of directors, namely, strategy, audit, remuneration and assessment, and nomination, and ensure that the decision-making power and supervision power of the board of directors are implemented.

  — — Promote the reform of professional managers and transform the governance mechanism.

  How to establish a more market-oriented selection and employment mechanism through the implementation of professional manager pilot at the group level is another major issue for Guangzhou Automobile Group to cope with fierce market competition.

  In July 2018, Guangzhou Automobile Group became the first state-owned enterprise in Guangzhou to implement the reform of professional managers, and successively completed the selection and appointment of eight professional managers in three batches by means of internal transfer and open recruitment. On April 2 this year, the Group openly recruited three deputy general managers for the society, which achieved a new breakthrough in the reform of professional managers of the Group.

  Through the reform of professional managers, Guangzhou Automobile Group has made it clear that the investment of major projects under 500 million yuan in the business plan will be decided by the management, and 27 general managers and 7 deputy managers will exercise their functions and powers, giving the management the right to operate independently more flexibly and quickly in response to market changes.

  Guangzhou Automobile Group has also established a selection, employment and distribution system of "being able to enter and exit, being able to go up and down, and being able to have high energy and low energy" at the management level, formulated a salary management mechanism of "double benchmarking of salary and performance, combining short-term and long-term", and strictly implemented the rigid payment principle of "performance up, salary up, performance down and salary down", the market-oriented salary distribution principle of "incremental performance and incremental salary" and the differentiated post salary principle. At the same time, improve the medium and long-term incentive mechanism. In 2020, professional managers will be granted stock options and restricted shares totaling 3.5 million shares.

  In recent years, the construction of modern enterprise system with China characteristics has led Guangzhou Automobile Group to achieve high-quality development. In 2021, Guangzhou Automobile Group achieved a revenue of 429.8 billion yuan and a total profit of 26.2 billion yuan, ranking 176th among the world’s top 500 enterprises. 1-mdash this year; In April, the cumulative sales of two independent brands, Guangzhou Automobile Chuanqi and Guangzhou Automobile Ai ‘an, were 111,000 and 55,000 respectively, up by 10.6% and 112.6% respectively.

  Shaanxi Fiberhome Electronics — —

  Changing R&D Mode and Stimulating Innovation Vitality

  Our reporter Zhang Danhua

  Walking into the exhibition hall of Shaanxi Fiberhome Electronics Co., Ltd., a blue communication hat stands out. Not long ago, the astronaut Shenzhou XIII who returned to Earth was wearing this comfortable elastic net cap. "When the astronauts were out of the cabin, the communication cap and voice device of the spacesuit we developed played a key role." Song Tao, chairman of Fiberhome Electronics, told the reporter that the astronauts’ communication caps and voice processing devices are wrapped in spacesuits. Through voice signal processing, active noise reduction and other technologies, the noise inside spacesuits can be overcome, allowing astronauts to pick up and receive voice more clearly.

  High-tech products can not be separated from the positive contributions of scientific researchers. Since the implementation of the three-year reform of state-owned enterprises, Fiberhome Electronics, a subsidiary of Shaanxi Electronic Information Group, has actively explored new modes of scientific research management and taken various measures to stimulate the vitality of scientific research teams.

  "Before the reform, the biggest problem we faced was the shortage of talents." The enterprise is located in Baoji City, Shaanxi Province, and some well-known college graduates are reluctant to come to work, which once made Song Tao a headache.

  "Where talents are willing to work, we will build the R&D center." In order to attract more outstanding scientific research talents, Fiberhome Electronics has established a research and development center in Zhongguancun Integrated Circuit Industrial Park, Beijing, forming a research center based on Beijing — Xi ‘an — Baoji-based R&D strategic layout has also established special scientific research centers in Chengdu, Nanjing, Guangzhou and other places, which has attracted high-tech talents to become an important force for enterprise innovation.

  While improving the layout, Fiberhome Electronics has also changed the traditional management mode of scientific research projects, and stimulated the innovative vitality of scientific researchers through the project manager responsibility system.

  According to reports, in the traditional R&D model, the technical chief, as the first person in charge of the project, looks for technology applications needed by the market, and then the R&D center is responsible for technical research. The R&D team is only responsible for technology, and does not undertake the functions of market and finance. Sometimes, there is a problem of low willingness to cooperate with the technical chief engineer, and it cannot respond to the market demand quickly.

  Different from the traditional research and development model, the project manager responsibility system takes the scientific research project manager as the core. Both the technical chief engineer and the R&D personnel can become the first responsible person of the project through the mechanism of "revealing the list and taking the lead" after accurately positioning the market demand, and sign the responsibility letter of the project objectives with the company to clarify the rights and responsibilities. In this way, the project manager is given the autonomy of team building, project performance evaluation and reward distribution, actively responds to customer needs externally, and is responsible for product research and development internally, forming a flat organizational system with multiple functions.

  "The traditional mode is vertical management, and I have to ask for instructions in every detail. My phone keeps ringing all day. Since the implementation of the project manager system, my mobile phone has been quiet. " Song Tao laughed.

  Company executives received less instructions, but the innovation vitality of grass-roots scientific research institutions was more sufficient. At the beginning of 2021, after the overall project of Fiberhome Electronic Joint Search and Rescue System was launched, the project manager of "Revealing the List" set up a project team of more than 10 people from the "resource pool" of the company’s R&D center. After that, the project team successfully bid for the outside world, and everyone worked hard together. "After the successful bidding, the company gave the team a reward of 700,000 yuan in accordance with relevant regulations. I look forward to a good profit after the project is completed, so there will be more income. " The project manager said.

  Effective incentives come from scientific mechanisms. During the three-year operation, Fiberhome Electronics broke the "big pot" and divided the salary of researchers into three items: basic salary, performance and profit commission after the completion of the project, of which the latter two items were all linked to the scientific research projects undertaken by individuals, and "the bottom is not covered, and the top is not capped", realizing the transformation from "paying wages" to "earning wages". In 2021, the salary gap of R&D personnel in the company widened to seven times, and some R&D personnel were paid more than company executives.

  Deepen the reform, so that the innovation vitality of scientific research personnel is full of generate, and Fiberhome Electronics has also gained innovative achievements such as joint search and rescue system and a certain life-saving radio station. In the past three years, the company has been granted 107 patents, including 43 invention patents and 4 national standards, and has also been successfully selected as a single champion enterprise in Shaanxi Province.

People’s leaders | for the youth

A far-sighted political party always pays more attention to the youth.

"The CPC Central Committee is very concerned about people’s livelihood. People’s livelihood is first and foremost employment. We are particularly concerned about the employment of college graduates." On June 8, 2022, the figure of the Supreme Leader General Secretary appeared in the Qiushi Hall of Yibin College.

The general secretary asked the teachers, students and business leaders who were attending the enterprise recruitment seminar to understand the recruitment needs of enterprises and the signing rate of graduates. He urged schools, enterprises and relevant departments to do a good job in the implementation of student employment contracts, "especially focusing on poverty-stricken families, low-income families, zero-employment families and disabled college graduates who have not been employed for a long time."

On June 8, 2022, General Secretary of the Supreme Leader waved to the teachers and students during his inspection in Yibin College.

On June 8, 2022, General Secretary of the Supreme Leader waved to the teachers and students during his inspection in Yibin College.

Aim for the future career, mostly for the youth.

"Young people are in the initial stage of life, and they often encounter various difficulties and distress in their study, work and life, and they need the help of the society in time." Since entering politics, the supreme leader has always been concerned about the thoughts, worries and hopes of young people.

When the supreme leader was working in Zhengding, he once went to Liucun Table Tennis Amateur Sports School for investigation, and learned that there was a young coach in the sports school who was excellent and responsible, and brought out students selected for the national team, but his salary was very low. The sports school hopes that the organization can help her solve some difficulties. At 11 o’clock in the morning, the supreme leader left the village with relevant materials. At 3 pm, the sports school was informed — — The county raised the young coach’s salary by one level. The first sentence written on the approval is "to encourage young people to study hard".

In the memories of youth of Huang Daoliang, a graduate of Minjiang Vocational College, there is also an unforgettable thing. Huang Daoliang lost his arms in an accident when he was young. Although his scores in the college entrance examination reached the big special line twice in a row, no school was willing to admit him. In 1990, Huang Daoliang took the college entrance examination for the third time. His father wrote a letter to Minjiang Vocational College about his children’s schooling experience. At that time, the supreme leader who was the secretary of Fuzhou Municipal Party Committee was also the president of Minjiang Vocational University. Under his care and coordination, Huang Daoliang realized his university dream and became the first college student without arms in Fujian.

Huang Daoliang's diploma.

Huang Daoliang’s diploma.

"We should pay attention to the thoughts, worries and expectations of young people, help them solve their worries and troubles in graduation job hunting, innovation and entrepreneurship, social integration, marriage and friendship, support for the elderly, children’s education, etc., and strive to create good development conditions for young people, so that they can feel that care is around and care is in sight."

General Secretary of the Supreme Leader said this and did the same. In his view, pressure is the driving force for the growth of young people, and giving a hand at the key point and when it is important may be an important fulcrum for young people to overcome pressure and develop into talents.

In today’s China, the pace of social development is very fast, and people’s work and life are also under great pressure. The general secretary is very considerate of young people and is committed to "creating a warm and harmonious social atmosphere, expanding inclusive and active innovation space, and creating convenient and comfortable living conditions, so that everyone can have a happy mood, make their lives brilliant and make their dreams come true".

Joining the team, joining the League and joining the Party is a "trilogy of life" for contemporary China youth to pursue political progress. From the perspective of ensuring that the red mountains and rivers will never change color, the General Secretary demands that the education chain of the party, the league and the team be connected and connected. He said that the Communist Party of China (CPC) has always opened its doors to young people and warmly welcomes them to become the fresh blood of the Party.

The General Secretary of the Supreme Leader has high hopes for the youth, advocates looking at the innovation and creation of the youth with appreciation and approval, actively supporting them to shine in life, and praising and applauding the achievements and achievements of the youth.

In June, 2021, the General Secretary walked into beijing aerospace control center and had a cordial conversation with the Shenzhou-12 astronaut who was on a business trip in space. At that time, there were many "post-80s" and "post-90s" aerospace scientists and technicians who provided technical support services for this "dialogue between heaven and earth", which made people see the vigorous strength of the younger generation. A few months later, at the Central Talent Work Conference, the General Secretary mentioned this detail. "Most of them are young people in their thirties and forties, but they are all responsible for important positions." The words are full of pride.

Young scientific and technological talents of beijing aerospace control center dispatching team shot on July 1st, 2022.

Young scientific and technological talents of beijing aerospace control center dispatching team shot on July 1st, 2022.

Mountains and rivers are the evidence, and years are the name.

In 2015, the General Secretary presided over the first Central Party group work conference in the history of the Party, which opened the curtain of deepening the reform of the Communist Youth League.

In 2017, the first youth development plan in the history of New China, which was personally directed by the General Secretary, was released, which made a strategic plan for youth development from the top design level.

… … … …

Socialism with Chinese characteristics has entered a new era, and the Supreme Leader General Secretary has always been based on the far-reaching consideration of "ensuring the party’s cause from generation to generation and ensuring the sustainable development of the Chinese nation", guiding the growth of youth and deploying youth work.

In the new era, young people in China have more equal educational opportunities, rich and diverse career choices, smooth development and free flow, and a wider stage to realize their brilliant life. Taking the education level as an example, the data show that in 2023, the consolidation rate of nine-year compulsory education reached 95.7%, the gross enrollment rate of high school reached 91.8%, the gross enrollment rate of higher education reached 60.2%, and the total number of students in school reached 47.6319 million, so more and more young people opened the door to success.

On June 26th, 2023, China Renmin University filmed the scene of the 2023 doctorate awarding ceremony.

On June 26th, 2023, China Renmin University filmed the scene of the 2023 doctorate awarding ceremony.

From the oath of "building a country with youth" to the self-confidence of "please rest assured that the powerful country has me" … … With the changing scene of the times, the young people in China in the new era meet the best period of the development of the Chinese nation, have a better development environment and a broader growth space, and are faced with a rare life opportunity to make contributions.

On the new journey, the Supreme Leader’s General Secretary is far-sighted. "We are determined to achieve a good result for the youth, and we also expect the younger generation to achieve better results in the future."

On the Security Dilemma in Northeast Asia from Three Key Variables

  The security of Northeast Asia is in a complicated state of high stalemate and sudden change, and in the turbulent vortex of global geopolitics. The author intends to extract several key variables, namely capital, power and the relationship between major powers, from many issues and elements related to the security dilemma in Northeast Asia, and investigate and analyze them.

  Capital is constantly alienated

  Marx repeatedly mentioned the alienation of capital to labor and capital in Economic and Philosophical Manuscripts in 1844, which provided us with a scientific and effective window to understand the essential characteristics of the capital world.

  After World War II, the world economic crisis similar to that in 1929 was not repeated, and the cyclical and staged crises of capital development were no longer so obvious. Even though the global financial tsunami occurred in 2008, it did not lead to the global economic depression. The main reasons are the self-repair mechanism of the capital world and the high-intensity human intervention after the system failed.

  However, after 2008, although human intervention effectively delayed the outbreak of the crisis on a global scale, the crisis has not been cured, but on the contrary, it is accumulating risks for the next crisis, so human society has entered a huge uncertain era.

  The reason why the current world is chaotic and full of conflicts and opposites is because the underlying logic of the world economy, namely capital logic, has undergone profound changes, namely capital alienation. Due to the constant alienation of capital, capital is alienated from the creator of wealth to the destroyer of wealth, from advocating interdependence to a hobby of conflict and war, from dependence on people’s needs to a crazy preference for military supplies, from hope and enthusiastic cheers for tomorrow to fear, despair and hostility for tomorrow.

  The disorder of the logic at the bottom of the world economy is constantly producing spillover effects, from economic crisis to social crisis, political crisis and international relations crisis at the regional and global levels. Under the impact of this storm of the times, those areas with long-standing problems left over from history, high concentration of various relationships and contradictions and very sensitive areas are most likely to become hot spots, as well as explosive and flammable areas of conflicts and wars.

  Northeast Asia, which has all the above characteristics, has therefore become the eye of the storm and the frontier of geopolitical conflicts in various times. How to solve the problem of various crises, including regional crises, caused by capital alienation is a major issue related to human development.

  Power moves eastward again.

  According to the British economist Angus Madison’s estimation of gross domestic product (GDP) of all countries in history, as early as 1000 AD, China and India accounted for two-thirds of the global economy, and the global economic center of gravity occupied a solid position in the East at that time. After more than 800 years, with the arrival of the British industrial revolution, the economic center of gravity began to shift to Europe, and then to North America, and the west became the center of the world. But Angus Madison believes that the global economic center of gravity is rapidly shifting to the east and south, and by 2025, the global economic center of gravity will return to the Far East as it did in 1000 AD.

  In the 1980s, human society kicked off the shift of the center of world power to the East, and Asian countries and regions rose one after another: Japan, the "four little dragons" and "four little tigers" in Asia, China, Viet Nam and India … … In particular, the rapid rise of China has promoted the development of the Asian region to an unprecedented height, and Asia has begun to enter a new era of overall rise.

  However, the eastward shift of world power is not smooth sailing, but accompanied by huge obstacles, resistance and risks. We can see that the process of world power moving eastward is still stubbornly evolving, which has not been interrupted by the epidemic and the comprehensive suppression of China by the United States. However, American and Western forces do not want to see the power moving eastward at an accelerated pace, thus ending the era when the West dominated the world. To this end, they began to join hands and start a global layout. Whether it is putting forward the "Indo-Pacific Strategy", NATO’s eastward expansion, the rise of various military alliances, or the prediction of the new cold war, etc., it is the product of western international politics under the background of the eastward shift of power, which is intended to comprehensively contain, block, delay or even terminate this historical process and move against the trend of the times.

  Northeast Asia, as the strategic support for the rise of the great powers in the East, has become the forefront of the East-West confrontation in the process of power moving eastward. The Korean Peninsula issue, the Taiwan Strait issue and the South China Sea issue have emerged one after another, all of which have become the fuse of confrontation and conflict between the East and the West, even the powder keg.

  At present, people are most worried about whether the Korean Peninsula or the Taiwan Strait and the South China Sea will become the next new battlefield after the Russian-Ukrainian conflict and the Palestinian-Israeli conflict, and whether the new Cold War Iron Curtain with the theme of so-called autocracy and democracy defined by the West will really come.

  Northeast Asia is under great pressure brought by the eastward shift of power, and the security situation is very grim. How to resolve the opposition and conflict between civilizations is a major issue of the times related to the future direction of human civilization.

  Adjustment of relations between major powers

  Northeast Asia is the intersection of the interests and contradictions of the United States, China, Russia and Japan. Under the great changes in the past century, the balance of power in the relations between world powers is undergoing major changes. The changes of power relations among big powers, the conflicts of interests among big powers and the strategic adjustment of their relations have become important variables for the security of Northeast Asia.

  In particular, Sino-US relations, as the most important relationship in today’s world power structure, are profoundly affecting the trend of global geopolitics and promoting the transformation of the world pattern. The trend of Sino-US relations plays an important role in the security of Northeast Asia.

  At present, Sino-US relations are in the process of deep strategic adjustment, and the security situation in Northeast Asia will also be turbulent due to this, and the future trend will be confusing. It is not ruled out that there will be a tense situation in stages. However, with the gradual adjustment of Sino-US relations or staged easing, the security situation in Northeast Asia will also change accordingly.

  Therefore, the security of Northeast Asia depends to a great extent on the adjustment of relations between major powers, especially Sino-US relations. How to resolve the crisis of relations between major powers is a major issue of the times related to human security.

  So, how can we resolve these contradictions?

  The supreme leader of president, China, put forward three major initiatives to the world one after another, which are highly targeted to overcome the factors that aggravate the security dilemma in Northeast Asia. For example, global development initiatives can resolve the fission of the times caused by capital alienation; The global civilization initiative can resolve the mutual agitation between eastern and western civilizations brought about by the eastward shift of power; The global security initiative can resolve the geopolitical opposition and conflict brought about by the big country game.

  (Wu Xinbo is the director and professor of the East Asian Studies Center of Shanghai International Studies University)

From September, these new regulations will affect your life and mine!

The Regulations on the Punishment of Managers of State-owned Enterprises shall come into force on September 1, 2024. The "Regulations" follow the definition of managers of state-owned enterprises in the implementation regulations of the supervision law. It is stipulated that the organs and units that appoint and remove the managers of state-owned enterprises shall punish the illegal managers of state-owned enterprises according to the cadre management authority. The "Regulations" regulate the types of punishment and their application. On the basis of keeping consistent with the law on administrative punishment of public officials, the types and periods of punishment for managers of state-owned enterprises are further clarified, including the following six categories: warning, 6 months; Record, 12 months; Big demerits, 18 months; Demotion and dismissal, 24 months; Expelled. The "Regulations" refine the illegal acts of managers of state-owned enterprises. The relevant illegal acts stipulated in the third chapter of the Law on Administrative Punishment of Public Officials are concretized into 51 illegal situations, and the corresponding punishments are clarified.

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It will be implemented on September 1! Regulations on the Punishment of Managers of State-owned Enterprises promulgated

The revised Regulations for the Implementation of the Law of People’s Republic of China (PRC) on Guarding State Secrets shall come into force on September 1, 2024. The "Regulations" clarify that organs and units implement the responsibility system for confidentiality work and assume the main responsibility for confidentiality work of their own organs and units. The "Regulations" strengthen the confidentiality management of network use, and stipulate that the staff of organs and units shall not use non-classified information systems and information equipment to store, process and transmit state secrets in violation of relevant regulations, and the use of intelligent terminal products shall comply with the state secrecy provisions. The "Regulations" clarify the obligation of network operators to cooperate with the investigation of confidential illegal cases and the investigation of early warning incidents.

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Li Qiang signed the the State Council Order to promulgate the revised Regulations for the Implementation of the Law of People’s Republic of China (PRC) on Guarding State Secrets.

The Regulations on the Resettlement of Retired Military Personnel shall come into force on September 1, 2024. The "Regulations" point out that ex-servicemen have made important contributions to national defense and army building and are an important force in socialist modernization. The state cares for and gives preferential treatment to ex-servicemen and ensures that ex-servicemen enjoy corresponding rights and interests according to law. The whole society should respect and give preferential treatment to ex-servicemen and support the resettlement of ex-servicemen. The "Regulations" make it clear that the state will properly resettle retired officers by means of retirement, job transfer, monthly retirement payment and demobilization; For retired non-commissioned officers, the state adopts the methods of receiving monthly retirement pension, self-employment, job arrangement, retirement and support to properly resettle them; For retired conscripts, the state adopts self-employment, job arrangement and support to properly arrange them; Retired soldiers who participated in the war, demobilized officers who served as the chief officers of divisions, brigades, regiments and battalion units of combat troops, retired soldiers who were children of martyrs and models of meritorious service, and retired soldiers who had been in active service for a long time in hard and remote areas or in special posts such as flying, ships and nuclear-related, shall be given priority in accordance with the law.

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Regulations on the Resettlement of Retired Military Personnel promulgated

The General Administration of Market Supervision issued the Interim Provisions on Network Anti-unfair Competition, which will take effect on September 1, 2024. In strengthening the protection of consumers’ rights and interests, the "Regulations" regulate the focus issues such as brushing the letter, returning favorable comments and affecting users’ choices in online consumption in China, so as to provide policy support for solving the new problems arising from the new scene and new format of online consumption. In terms of strengthening the responsibility of the platform, the Regulations urge the platform to strengthen the standardized management of the competitive behavior within the platform, and at the same time regulate the abuse of data algorithms to gain competitive advantage.

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The Interim Provisions on Anti-Unfair Competition on the Internet was promulgated to regulate the issues such as posting letters and returning favorable comments.

State Taxation Administration of The People’s Republic of China issued the Notice on Further Facilitating Taxpayers’ Cross-regional Migration to Serve the Construction of a Unified National Market, and launched a series of measures from the whole link of "optimizing pre-warning", "speeding up the handling of things" and "improving post-event services". The Notice requires that the procedures for using invoices be simplified. For taxpayers who use fully digitized electronic invoices, the information system will automatically transfer their invoice amount to the place of immigration. The "Notice" requires that if a taxpayer overpays taxes, the information system will automatically remind him to apply for tax refund. For those who choose to apply for tax refund before relocation, the tax authorities should handle it within a time limit; For those who choose not to refund the tax temporarily, the tax authorities shall guide taxpayers to apply for tax refund after migration. The "Notice" emphasizes that it is strictly forbidden to assist in blocking the normal migration of taxpayers, it is strictly forbidden to launch risk tasks in violation of regulations to block the migration of taxpayers, and it is strictly forbidden to add additional conditions to block the migration of taxpayers. The Notice will be implemented as of September 1st.

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It is strictly forbidden to add additional thresholds to hinder taxpayers’ migration! These new measures will be implemented on September 1st.

The Ministry of Finance and other six departments jointly issued the Measures for the Administration of Municipal Infrastructure Assets (Trial), which will take effect on September 1, 2024. The "Measures" propose that municipal infrastructure assets invested and built by the government should strictly follow the capital construction approval procedures according to law, implement the sources of funds, strengthen budget constraints, and guard against government debt risks. It is strictly forbidden to borrow illegally for municipal infrastructure assets with no or insufficient income, and it is not allowed to increase hidden debts.

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The Ministry of Finance and other six departments formulated and issued the Measures for the Administration of Municipal Infrastructure Assets (Trial).

The National Development and Reform Commission issued the Management Measures for Post-evaluation of Major Projects of the National Development and Reform Commission. The measures shall come into force on September 1, 2024 and shall be valid for 5 years. The post-evaluation of investment projects (excluding overseas investment and foreign investment projects) examined and approved by the National Development and Reform Commission or reported to the State Council, as well as the post-evaluation of central budget investment (national debt) projects carried out by the National Development and Reform Commission, shall be governed by the applicable measures. The projects included in the annual post-evaluation plan mainly include: projects with great support and demonstration significance for high-quality development, implementation of major national strategies, safety capacity building in key areas, construction of modern industrial system and development of new quality productivity; Projects that have a significant impact on achieving carbon neutrality, saving resources, protecting the ecological environment and promoting social development in peak carbon dioxide emissions; There are 11 categories of projects that can be used for reference in optimizing resource allocation, adjusting investment direction and optimizing major layout.

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Measures of the National Development and Reform Commission for the Administration of Post-evaluation of Major Projects

National Medical Products Administration issued the "Announcement on Issues Related to the Full Implementation of Electronic Registration of Cosmetics and New Cosmetic Materials". The Announcement makes it clear that since September 1, 2024, domestic registrants, filers, domestic responsible persons and cosmetic production enterprises of cosmetics and new cosmetic raw materials only need to submit electronic materials through the information service platform of cosmetics registration and filing, and relevant paper materials need not be submitted, and they will be filed by domestic registrants, filers, domestic responsible persons or cosmetic production enterprises themselves.

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Announcement of National Medical Products Administration on matters related to the full implementation of electronic registration and filing materials for cosmetics and new cosmetic raw materials.

The Ministry of Transport issued the Rural Road Passenger Transport Operation Service Guide (Trial), which will be implemented on September 1, 2024. The Guide proposes to encourage rural road passenger transport to implement large-scale, corporatization and intensive management. Rural road passenger transport operators need to obtain a road passenger transport business license, equip passenger vehicles that meet the operational requirements according to regulations, employ drivers and management service personnel that are suitable for the operation business, and carry out operational activities within the prescribed business scope. Rural bus passenger transport (including public transport operation) and regional operation of rural road passenger transport in principle, the implementation of government-guided price management; Reservation response to rural road passenger transport can implement market adjustment price, but the service price is not higher than twice the benchmark price of local rural bus passenger transport guidance price in principle, and the price is kept relatively stable.

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The Ministry of Transport issued the Guide to Rural Road Passenger Transport Operation Service (Trial).

National Medical Products Administration issued the Announcement on Standardizing the Classification and Definition of Medical Device Products, which will come into force on September 1, 2024. The "Announcement" stipulates that the drug supervision and administration department shall provide medical device classification and definition services to medical device registration applicants and filers. The "Announcement" further improves the application channels and processes for classification and definition. Set up the application way of newly developed medical device classification definition and the application way of medical device classification with doubtful management category, and optimize the workflow and time limit requirements. The Announcement regulates the classification and defines the requirements of application materials. Cancel the requirements of paper materials for classification and definition application, refine the requirements of application materials for classification and definition, and improve the reporting requirements of the Application Form for Classification and Definition of Medical Devices.

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Announcement of National Medical Products Administration on standardizing the classification and definition of medical device products

The Ministry of Finance, State Taxation Administration of The People’s Republic of China and other four departments jointly issued the Announcement on the relevant caliber of lottery redemption and applicable tax law. After the announcement, we will continue to implement the preferential policy of temporarily exempting individual income tax from winning lottery tickets with the income not exceeding 10,000 yuan. The "Announcement" makes it clear that the computer lottery takes all the prizes won by the same person in the same game in the same period as a winning income, that is, the open lottery takes a lottery prize as a winning income. If the prize amount exceeds 3,000 yuan, the real name information and prize information of the winner shall be registered, and the winner shall actively cooperate with the registration. The "Announcement" shall be implemented as of September 1, 2024. Lottery tickets that have been sold before September 1, 2024 and are still within the validity period of redemption but have not yet been redeemed shall be implemented in accordance with the provisions of the "Announcement".

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The four departments issued a document to improve the lottery redemption and the applicable tax law, which will be implemented on September 1.