According to the website of China Banking and Insurance Regulatory Commission, China Banking and Insurance Regulatory Commission continues to promote the opening of banking and insurance industry to the outside world, optimize the business environment for foreign investors in the financial sector, enrich market supply, enhance market vitality, enhance competitiveness and promote the healthy development of China’s financial industry. Recently, seven new policies and measures for opening to the outside world have been studied and released.

　　I. Encourage overseas financial institutions to participate in the establishment and investment of financial subsidiaries of commercial banks.

　　The Measures for the Administration of Financial Subsidiaries of Commercial Banks clearly stipulates that financial subsidiaries of banks can be wholly-owned by commercial banks, or jointly funded with domestic and foreign financial institutions and domestic non-financial enterprises. Introducing foreign financial institutions with expertise and international influence in wealth management and investing in bank wealth management subsidiaries is conducive to introducing advanced and mature investment concepts, business strategies, incentive mechanisms and compliance risk control systems in the international asset management industry, further enriching the supply of financial products, stimulating the vitality of market competition and promoting the healthy and orderly development of China’s bank wealth management business. China Banking and Insurance Regulatory Commission will guide qualified and willing banks to strengthen active contact with relevant foreign-funded financial institutions, and continue to encourage and guide bank wealth management subsidiaries to do a good job in introducing foreign capital.

　　Two, allow overseas asset management institutions and subsidiaries of Chinese banks or insurance companies to set up a foreign-controlled wealth management company.

　　China’s asset management market has a huge scale and development potential, and it is difficult for existing asset management institutions to fully meet the rapidly growing diversified market demand. Compared with international advanced asset management institutions, most of the asset management institutions of Chinese banks and insurance companies, including wealth management subsidiaries, have been established for a short time and have less experience. At present, Chinese banks, insurance companies and foreign advanced asset management institutions are mainly engaged in business cooperation, allowing joint ventures to set up foreign-controlled wealth management companies, which is conducive to introducing international advanced asset management practices and professional experience, promoting the steady development of asset management industry and capital market, giving play to the respective advantages of Chinese and foreign asset management institutions, further enriching market players and business products, and meeting the diversified service needs of investors. At the same time, the existing asset management subsidiaries of Chinese banks and insurance companies can complement each other with their foreign wealth management companies, and develop at a moderate dislocation.

　　Overseas asset management institutions and subsidiaries of Chinese banks or insurance companies are allowed to jointly set up foreign-controlled wealth management companies. In the early stage, pilot methods can be adopted to give priority to supporting the entry of mature and stable wealth management institutions recognized in foreign markets. Both RMB funds can be raised and some foreign currency long-term funds can be raised. In the pilot process, China Banking and Insurance Regulatory Commission will pay more attention to the professionalism, prudence and stability of supervision, pay more attention to the supervision after the event, guide the steady development of institutional compliance through on-site inspection and off-site supervision, sum up the pilot experience in a timely manner, and study and expand the pilot scope in a timely manner.

　　Three, allow overseas financial institutions to invest in the establishment and shareholding of pension management companies.

　　At present, China’s pension management market is dominated by the second pillar enterprise annuity fund management, with limited scale and growth. However, the domestic pension management company is still in the pilot stage, and the pilot adopts the method of one mature company and one approved company. There is only one Jianxin pension management company established by CCB. Allowing foreign investors to set up pension management companies is conducive to increasing the types of subjects, enhancing market vitality, introducing mature pension management experience and improving the level of pension investment management. In the next step, China Banking and Insurance Regulatory Commission will promote the improvement of relevant laws and regulations, and continue to adopt the method of "one mature company, one approved company", and work with relevant ministries and commissions to do a good job in the licensing of pension management companies.

　　Four, support the establishment of wholly foreign-owned or equity money brokerage companies.

　　In 2005, the State Council approved the pilot of money brokerage companies. Since the pilot, five money brokerage companies have been established to actively carry out transactions in foreign exchange market, money market, bond market and derivative products market at home and abroad, which has played a positive role in activating China’s financial market, improving transaction efficiency and reducing transaction costs. At present, the top five money brokerage companies in the world have all participated in the establishment of five money brokerage companies in China through joint ventures.

　　Further increasing the proportion of foreign shares in money brokerage companies is conducive to giving full play to the management advantages of foreign shareholders, improving the operating efficiency of money brokerage companies, promoting orderly competition in the industry, and improving the transparency and transaction efficiency of financial markets. China Banking and Insurance Regulatory Commission actively supports Chinese and foreign shareholders of existing currency brokerage companies to determine their own foreign share ratios on the basis of equal consultation. At the same time, on the basis of comprehensive evaluation of the impact of newly established currency brokerage companies on the existing market competition pattern, we will steadily promote the establishment of new foreign currency brokerage companies.

　　5. Shorten the transition period from 51% to 100% for foreign-funded life insurance companies to 2020.　

　　On July 2, 2019, Premier Li Keqiang delivered a special speech at the opening ceremony of the 2019 Davos Forum, saying that the original stipulation of canceling the foreign life insurance share ratio limit in 2021 would be advanced to 2020. Abolishing the share ratio restriction of foreign-funded life insurance companies will help attract more high-quality foreign-funded insurance institutions to enter the China market, introduce more advanced business concepts and more diversified life insurance products, enhance the vitality of the life insurance market and provide better services for the real economy. In the next step, China Banking and Insurance Regulatory Commission will promote the promulgation of "Regulations on the Administration of Foreign-funded Insurance Companies in People’s Republic of China (PRC)" and other relevant laws and regulations, and timely implement the regulations in relevant administrative licensing work. At the same time, strengthen post-event supervision and maintain market order.

　　Six, cancel the provisions of domestic insurance companies holding the shares of insurance asset management companies shall not be less than 75%, allowing foreign investors to hold more than 25% of the shares.　

　　Loosening the restrictions on the foreign shareholding ratio of insurance asset management companies is conducive to absorbing the experience and practices of excellent overseas insurance institutions, stimulating the vitality of the domestic insurance asset management market, promoting the improvement of the asset management capabilities of insurance asset management companies, and better serving the preservation and appreciation of insurance assets.　

　　In the next step, China Banking and Insurance Regulatory Commission will promptly revise the Interim Provisions on the Administration of Insurance Asset Management Companies and implement the opening-up measures. While opening wider to the outside world, China Banking and Insurance Regulatory Commission will continue to improve the regulatory requirements of insurance asset management companies, strengthen the management of shareholders’ qualifications, further strengthen the continuous compliance requirements of insurance asset management companies, and effectively guard against various risks.　

　　Seven, relax the access conditions of foreign-funded insurance companies, cancel the 30-year operating life requirement.

　　At present, foreign insurance companies to set up foreign-funded insurance companies in China need to meet the requirements of operating insurance business for more than 30 years. In recent years, with the deepening of opening to the outside world, most foreign insurance companies in Fortune Global 500 have entered China and played an active role in the insurance market in China. The cancellation of the 30-year operating life requirement has created conditions for foreign insurance companies with operating characteristics and expertise but insufficient operating life to come to China, which is conducive to further enriching insurance market players and insurance professional services and promoting the high-quality development of the insurance industry.

　　Welcome more qualified foreign insurance companies to set up business offices in China, combine their advanced experience with the reality of China, and promote each other with Chinese companies in the competition to jointly serve the real economy and the increasingly diversified financial service needs of consumers. China Banking and Insurance Regulatory Commission will immediately start the revision of relevant laws and regulations, and put them into practice upon completion.

Wen | Different View Finance

In the field of long video, three video platforms, iQiyi, Youku and Tencent Video, have formed a "three-legged" trend. Three platform opportunities can lead the development direction of the long video industry.

On February 28th, Beijing time, iQiyi (NASDAQ: IQ) announced the unaudited financial report for the fourth quarter and the whole year as of December 31st, 2019. The financial report shows that in the fourth quarter of 2019, iQiyi’s revenue was 7.5 billion yuan and its net loss was 2.5 billion yuan. Both revenue and net loss were better than expected.

Although iQiyi, Youku and Tencent Video are backed by BAT, they still lose money and continue to burn money. The profit seems to be in the foreseeable future. Judging from the latest financial report released by iQiyi, the loss is narrowing. Is this a positive signal?

Why is the long video platform difficult to make a profit from the iQiyi financial report?

According to the financial report, Iqiyi’s Q4 revenue in 2019 was 7.497 billion yuan, up 6.7% from 7.027 billion yuan in the same period of last year, up only 1.4% from 7.397 billion yuan in the previous quarter.

(Source: Financial Report)

As can be seen from the above figure, although iQiyi’s revenue maintained growth, the year-on-year growth rate continued to decline. Iqiyi’s income mainly consists of membership services, online advertising services, content distribution and other income.

In the fourth quarter, Iqiyi’s membership income was 3.861 billion yuan, up 20.6% from 3.201 billion yuan in the same period of last year, up 3.9% from 3.717 billion yuan in the third quarter. In the fourth quarter, membership service revenue accounted for 51.5%, making it the largest source of income for iQiyi. Iqiyi said that the revenue growth was mainly due to the high-quality content and diversified operations, which promoted the growth of the number of subscribers.

Gong Yu, founder, director and CEO of Aiqiyi, said that the revenue of Aiqiyi’s membership business increased by 36% in 2019, and the number of subscribed members reached 107 million. Looking forward to the next decade, the upcoming continuous innovation of 5G commercial and artificial intelligence technologies will bring great opportunities to Aiqiyi. As users in China are more and more willing to pay for high-quality content and use convenient payment methods, they will jointly bring great growth potential to the iQiyi business.

According to the financial report, as of the end of the fourth quarter, the number of subscribed members of iQiyi reached 107 million, and the number of subscribed members increased by 22% year-on-year. On the whole, the growth of subscription members is also slowing down, and with the decline of demographic dividend, membership growth seems to have peaked.

(Source: Financial Report)

Online advertising revenue was 1.883 billion yuan, down 14.6% from 2.204 billion yuan in the same period of last year and down 8.9% from 2.067 billion yuan in the third quarter. In the fourth quarter, online advertising revenue accounted for 25.1%, and the contribution of online advertising revenue continued to decline. Iqiyi said that macroeconomic challenges have led to a decline in online advertising revenue. Yiguan Finance believes that the decline in online advertising revenue is also related to the rapid development of short video platforms. With the rise and rapid development of short video platforms such as Aauto Quicker, Tik Tok and bilibili, users’ attention and advertisers’ budget have shifted, and the advertising business of long video network has been robbed of "share".

Content distribution revenue was 878 million yuan, a year-on-year increase of 68%. Content distribution income mainly comes from broadcasting authorized content. In 2019, hit dramas, such as Little Joy, Dear, Love, and Joy of Life, were distributed by iQiyi. From the perspective of revenue growth, the distribution of these hit dramas has achieved good results.

In the fourth quarter, the income from other businesses of iQiyi was 874 million yuan, down 21% year-on-year. In 2019, the annual revenue was 3.7 billion yuan, a year-on-year increase of 30%. This is mainly due to the growth of many vertical businesses, especially the strong growth of game business after the acquisition of Tianxiang Mutual Entertainment.

Thanks to the reduction of content cost, iQiyi’s Q4 net loss in 2019 was 2.49 billion yuan, narrowing by 28% year-on-year and 32.6% quarter-on-quarter. However, in 2019, iQiyi lost 10.3 billion yuan for the whole year, still showing an expanding trend year-on-year.

According to the financial report, in Q4 of 2019, the operating cost of iQiyi was 7.914 billion yuan, and the content cost was 5.7 billion yuan, accounting for 72% of the operating cost. Content cost includes copyright purchase cost and content production cost.

Gong Yu, founder, director and CEO of iQiyi, mentioned in the earnings conference call that the content cost in 2019 only increased by 6% because of the continuous optimization of the content structure. The financial report shows that in 2019, the content cost of iQiyi was 22.2 billion yuan.

As can be seen from the balance sheet of iQiyi, the content assets of iQiyi include current assets-net value of copyright content, non-current assets-net value of copyright content, and non-current assets-net value of self-made content.

The financial report shows that as of December 31, 2019, iQiyi’s self-made content assets were 4.355 billion yuan, an increase of 16.6% compared with 3.736 billion yuan in the same period of last year; At the end of the period, the authorized content assets totaled 7.51 billion yuan, down 3.7% year-on-year.

From the changes of self-made content assets and authorized content assets, iQiyi achieves structural optimization by increasing the proportion of self-made content and decreasing the proportion of authorized content.

Gong Yu said at the conference call that film and television plays are still the main driving force for members to add value. At present, the hit dramas on the platform of iQiyi, such as Joy of Life and Dear, Love, all belong to copyrighted works.

Self-made video content, which will involve IP copyright purchase of film and television dramas, actor pay, shooting and other production costs, which are all important items of cost expenditure. The self-made variety "Qi Pa Shuo" has continued for six levels, and the topic heat has remained unchanged. "Sword Dynasty", starring Li Xian, a streaming star, is popular in Iqiyi. Although the limitation of star pay and the rising trend of drama prices slow down, the cost of purchasing copyright and the cost of self-made drama and variety shows decrease, it still cannot reverse the loss of video platforms.

In the case of membership growth meeting the ceiling, video websites began to change their thinking and tap the value of membership. If video websites want to turn losses, they need to constantly try new business models.

In terms of member value-added services, the charging mode of "member-on-demand in advance" launched by the video platform was criticized by the whole network and was questioned as "ugly", but it did not stop the determination of video websites to implement the charging mode of "member-on-demand in advance", which will become a normal broadcasting mode in the future.

Gong Yu thinks that although there are relatively few dramas adopting this mode at present, it accounts for a small proportion of the total revenue, but this mode is successful. "In the future, we will take this mode as a normal way of broadcasting. At present, the impact of advanced on-demand on the average revenue per user (ARPU) in the fourth quarter of 2019 and the first quarter of 2020 is not great, but it will be an important way to improve ARPU in the future. "

Iqiyi is constantly changing in the form of advertisements, such as patch advertisements and original small theater advertisements for online dramas. Iqiyi is also constantly trying to make use of advertising resources. Although Iqiyi members have purchased VIP members, they still have to watch advertisements. For example, in a 45-minute episode, all kinds of advertisements are inserted in the title, preview, film and ending, and even members are not spared. Some members can close it manually, while others can’t close it by force.

Iqiyi also said that the membership fee has increased. With the development of video websites for many years, people in China have a certain understanding of the paid membership model, but the acceptance of the paid membership model in China is not so high. In the long-term competition, video websites attract paying members through promotion, although it can boost revenue growth, but it is difficult to achieve profitability. Under the situation of tripartite confrontation, if only one party announces the price increase, it is likely to cause the loss of users.

Video websites are still content-oriented. Yiguan Finance has conducted a small-scale survey. Most paid members of video websites said that a video website member can almost meet their own needs for watching movies/dramas. Which platform can meet your own viewing needs, you will choose which platform, and you will not love a certain platform alone. There are also some users who have registered a number of platform members, but they will not buy annual members, but will only choose monthly membership when chasing a favorite film and television drama.

From this point of view, the loyalty of video platform users remains to be assessed. Whether the video website has enough rich content such as TV dramas and variety shows is the key to retain users. After all, users pay for high-quality content, and the continuous output of high-quality content is the key to the continuous growth and retention of paying users on the platform.

In addition, some insiders told Yiguan Finance that there is another factor in the loss of video websites, that is, the pressure on servers and bandwidth. The video platform should ensure that hundreds of thousands or even millions of people can watch online at the same time, and sometimes upload data traffic such as barrage. These fixed expenses are not small.

With the sudden outbreak of the COVID-19 epidemic, everyone was forced to stay at home and play drama. As a result, when I wanted to meet you was updated on February 26th, iQiyi collapsed, and "iQiyi collapsed" was returned to Weibo for hot search. From the technical principle, there are two reasons for the server crash, one is that the server content is tight, and the other is that the service design is flawed. It seems that Ali, JD.COM and others built their own cloud computing data centers for a reason.

In the layout, short videos, long videos and short videos erode each other and fight hand in hand?

Typical Internet users will allocate their online entertainment time to many different fields, including video (Youaiteng’s three long video websites; Tik Tok, Aauto Quicker and other short video sites) game videos (Tiger Tooth, bilibili, Betta Fish, etc.) and news push platforms. With the disappearance of traffic bonus, the peak of membership and the continuous loss, iQiyi needs new stories to enhance its commercial imagination. With the rapid rise of short videos, Iqiyi is constantly trying to seek new breakthroughs.

In fact, iQiyi has launched a variety of short video products, such as gingerbread, whale eating, natto, Jinshi and many videos. Although it failed to attract enough attention, it never gave up. Currently in the "Small Video" entrance of the top column of iQiyi app.

According to Tech Planet, iQiyi recently launched a short video featuring short videos of young trends. Iqiyi launched the "Shake Short Video" this time, on the one hand, it is an expansion and attempt of its own short video classification, on the other hand, it is to seize the popularity of 5G, constantly innovate, accelerate trial and error, and strive to create an explosive short video APP.

For the layout competition in the field of short video, at the conference call of Iqiyi’s 2019 Q4 and annual financial report, Gong Yu, the founder and CEO of Iqiyi, announced that he planned to launch a YouTube mode App called "On Time", and said that Ge Hong, who had rich technical and management experience in companies such as Facebook and Airbnb, would fully lead the business. This seems to show the determination of short videos in the layout of iQiyi.

It is reported that there will be two main categories of "on-demand" video content. The first category is PUGC content, which is mainly uploaded by MCN, individuals and professional organizations. In addition, the long video content of iQiyi will also be played on-demand, thus forming a strategic synergy of "long video+short video".

The content production methods of short videos are mainly PGC (professional production content) and UGC (user-produced content), which are mainly realized by advertising. The long video is either self-made or needs to buy copyright, and the realization methods are mainly user payment and advertising.

In the field of short and medium videos, iQiyi will face the competition from headline department, bilibili and Tik Tok.

Headline has a huge user base and a high daily activity rate, which lays the foundation for the commercial realization of long video. Headlines rely on its good recommendation algorithm to analyze and summarize users’ video preferences and playing habits through big data, and apply them to headline-made videos. They can even customize headline users’ exclusive homemade dramas and homemade variety shows according to the results of big data analysis and user preferences.

Compared with short video platforms, the advantages of long video platforms such as Youaiteng come from the copyright and IP resources of a large number of content creators. Youaiteng takes the lead in the segmentation field in the short video industry through its own areas of expertise. Strict supervision has, to some extent, "forced" the short video head platform to enhance the awareness of copyright, continuously expand the content map, and cultivate and expand the long video user base.

With the sudden outbreak of the COVID-19 epidemic, all the films for the Spring Festival in 2020 were withdrawn. On January 24th, Lost in Russia, directed by Xú Zhēng, announced that he would cooperate with ByteDance’s platform, and the "Headline System" short video platform (Tik Tok/Watermelon/Volcano) was broadcasted independently for free, which aroused the attention and heated discussion in the industry. Many people think that this is not only a symbol of headlines entering the long video and film industry.

With the expansion of users, long and short video platforms have already eroded each other. Short video platforms pay more and more attention to original content, and the competition for original content between long and short video platforms will become more and more fierce.

Poster of "Dangkou Fengyun"

Special feature of 1905 film network In the splendid history of the Chinese nation for 5,000 years, there have been countless epic national heroes, and their stories have been constantly reshaped in various artistic forms. Since the birth of China’s films, there have been endless films praising national heroes. This year, there are still many films on this theme in China film market. In addition to the hit "Wandering in the Wind", films based on the Sino-French War in the late Qing Dynasty will also be shown in the summer file. This gives us a chance to review the light and shadow and capture all the great national hero images on the screen.

　

China has a vast territory since ancient times, and wars have been going on constantly, so a fighting hero like Yue Fei has emerged. With the rapid expansion of western forces, the Ming and Qing Dynasties, where wars were frequent, became a historical opportunity for national heroes to be tempered and born in the war. The story of the movie Dangkou Fengyun took place during the Jiajing period of the Ming Dynasty. The Japanese pirates constantly harassed and plundered the southeast coast of China, and the government troops were helpless in the face of foreign pirates, and the local people were in dire straits. Qi Jiguang, a young military attache from a military family, came to Zhejiang to take charge of the military affairs against Japan. In order to organize a truly effective army in the face of the enemy, Qi Jiguang recruited brave miners from the local area for strict training, and formed the "Qijiajun" which made the enemy fear.

　

Qi Jiguang has both civil and military skills in history, so it is wise to choose Chiu Man-Cheuk, who is a martial arts player with elegant temperament, to play in the movie "Dangkou Fengyun". Yu Dayou, another famous anti-Japanese actor in the film, is played by Sammo Hung, a veteran action film director and actor. The incarnation of the two kung fu superstars as historical celebrities has undoubtedly enhanced the visibility of the film from a commercial point of view. However, the point of view of "Wandering in the Wind" is not limited to this. Restoring history through grand war scenes is the focus of the film. Director Chen Jiashang studied Qi Jiguang’s relevant historical materials for nearly ten years, and finally chose Qi Jiguang’s experience of training Qi Jiajun as a "special force" as a breakthrough point to show the fighting spirit inspired by the generals, soldiers and coastal people in the face of the Japanese invasion.

Stills of Lin Zexu

　

Compared with those national heroes who became famous for their martial arts, Destruction of Opium at Humen’s Lin Zexu became a widely spread example for his boldness and courage. Lin Zexu’s deeds have been put on the big screen many times. The two most influential editions are Lin Zexu in 1959 and directed by Xie Jin in 1997. The two films are respectively starred by Zhao Dan, the earliest "national male god" in China films, and Bao Guoan, who is well-known for his role of Cao Cao in the TV series Romance of the Three Kingdoms. Lin Zexu, played by Zhao Dan, is elegant and indifferent, while Bao Guoan emphasizes his concern for the country and the people. There are many subtle differences in temperament between the two versions of Lin Zexu, but on the whole, they all depict Lin Zexu’s upright and unyielding national character in the face of political enemies and aggressors from different angles.

Stills of Opium War

　

In particular, the film Opium War, which creatively added a large section of English drama in all English, examined the situation at that time from a different perspective. The film was released on the eve of Hong Kong’s return to China. At that time, after more than 20 years of reform and opening up, China’s national strength increased greatly, and people’s material and cultural lives were much richer than before. As the film says, only when a nation really stands up can it face up to and reflect on its humiliating history. Many times, the film described the smoking ban situation at that time with smoky and dim scenes, and at the same time, it also alluded to the unbearable political environment. Local officials committed crimes and bullied their superiors and deluded their subordinates everywhere. In this case of corruption and decline, the film vividly depicts a loyal and wise veteran Lin Zexu, and his "loyalty" and "righteousness" are also particularly deplorable.

　

Lin Zexu’s greatest historical achievement lies not only in hosting Destruction of Opium at Humen to show Chinese’s determination and perseverance, but also in his inspiration to the later generations to "open their eyes to the world". Under the guidance of this thought, the Westernization Movement of "learning from foreigners and strengthening ourselves" rose, and the Qing government set up the strongest fleet in Asia — — Beiyang navy. In this fleet, a heroic hero was born, whose name was Deng Shichang.

Stills of the Sino-Japanese War

　

In 1894, in the Sino-Japanese Lunar New Year, the Japanese naval joint fleet broke into the waters of China and challenged the Beiyang Navy in China. The film "Sino-Japanese War" released in 1962 reflects this history. It focuses on portraying the heroic image of Deng Shichang, the leader of Zhiyuan Ship, and contrasts it with Li Hongzhang and Fang Boqian, who are weak and afraid of war. The film is starred by actor Li Moran, who successfully created the hero Deng Shichang, a classic character in the history of China film, with his generous figure and resolute temperament. Although the ship in the film is different from the real history due to the limitation of technical level, the thrilling naval battle scene left a deep impression on that generation of China audience. Countless people feel sorry for the complete defeat of Beiyang Navy, but Deng Shichang, played by Li Moran, commanded the scarred Zhiyuan to crash into the joint fleet’s Yoshino, and this scene showed the spirit of death, which still deeply inspired the audience.

Poster of 1894 Sino-Japanese War

　

Fifty years after the release of "The Storm of the Sino-Japanese War", the audience welcomed the movie "1894 Sino-Japanese War" with the same theme, which was shot by the famous war film director Feng Xiaoning. The film increased the feud between the protagonist Deng Shichang and the enemy officer Ito Sukeyuki before the naval battle, and strengthened the dramatic tension of the whole story. Most of the main actors in the film showed credible acting skills. Although as a film released in 2012, its costume props and war scenes are still far from those of the current large-scale commercial films, the film has created a different kind of tragic, and this tragic comes from the appeal of national heroes themselves.

　

The Opium War made China lose Hongkong, and the failure of the Sino-Japanese War of 1894-1895 forced China to admit the Japanese occupation of Taiwan Province. It was not until half a century later that the people of China won an all-round victory in War of Resistance against Japanese Aggression that Taiwan Province was recovered. And this troubled treasure island is not the first time occupied by invaders. In the late Ming and early Qing dynasties, she once fell into the hands of Dutch invaders. The Chinese people on Taiwan Province Island could not bear the exploitation and torture of the Dutch, so they had to turn to the motherland on the other side of the Strait. Zheng Chenggong, as the mainstay of the generals in the Southern Ming Dynasty, organized a fleet to sail for Taiwan Province without hesitation after learning what happened to his compatriots, and with the cooperation of compatriots on the island, he defeated the cunning and ferocious enemy and brought Taiwan Province back to China.

Stills of Hero Zheng Chenggong

Zheng Chenggong’s story was put on the screen by director Wu Ziniu in 2001. The film "Hero Zheng Chenggong" also stars Chiu Man-Cheuk. From Qi Jiguang to Zheng Chenggong, it seems that Chiu Man-Cheuk really has some unique temperament, which accords with the audience’s traditional cognition of national heroes. Compared with Qi Jiguang’s high spirits, the film adds a sadness and resentment to Zheng Chenggong’s ruin. Under Chiu Man-Cheuk’s meticulous interpretation, the heroes are full of masculine beauty, and also perfectly express the people on both sides of the Taiwan Strait’s deep affection and their common desire for reunification.

　

Before the Japanese rebellion in the Ming Dynasty, China rarely encountered foreign enemies from the sea; In the Qing Dynasty after the Ming Dynasty, just like the Dutch invaders in Hero Zheng Chenggong, more difficult enemies began to cross the sea from further places. The movie The Battle of the Dragons, which will be released in the summer, is such a story background. In the 1980s, French troops from the European continent brazenly invaded China’s vassal Viet Nam, and approached China’s border, killing China’s border people, and the Sino-French war broke out. In the anti-aggression war, including this war in modern times, China is no longer confronted with an enemy as savage and backward as the Japanese pirates in the Ming Dynasty, but a great power with more advanced weapons and systems. It is under this circumstance that China’s soldiers and civilians, led by veteran Feng Zicai, have shown their tenacious resistance and national integrity.

"Battle of the Dragon" poster

　

In the movie Battle of the Dragons, in order to save the situation of losing ground, the Qing government reactivated Feng Zicai, who was old and retired. And he didn’t live up to the trust of the country. At the age of nearly 70, he personally fought with a knife and gun, bravely fighting the tall and strong black soldiers of the French army, and finally led the Qing army to win the victory in Zhennan. Old general Feng Zicai is also a well-deserved national hero.

　

From The Storm of the Sino-Japanese War to The Battle of the Dragons, generations of filmmakers have created vivid and touching images of national heroes on the big screen. For thousands of years, it is under the inspiration of these heroes that countless Chinese sons and daughters have fought for the land under their feet unswervingly and fearlessly. With the rising of China’s economy and the continuous improvement of film technology, we will be able to make better national hero films, not forgetting history and praising their great national spirit. This is not only the needs of movie audiences, but also the spiritual needs of the nation, because it is these national heroes who prop up the unyielding backbone of the Chinese nation.

November 24, 2004 Caizong [2004] No.87

Relevant departments of the CPC Central Committee, ministries and commissions of the State Council, directly affiliated institutions, finance departments (bureaus) of all provinces, autonomous regions and municipalities directly under the Central Government, development and reform commissions and price bureaus:
　　In order to fully implement the Administrative Licensing Law and promote administration according to law, in accordance with the Notice of the State Council on Printing and Distributing the Implementation Outline of Comprehensively Promoting Administration according to Law (Guo Fa [2004] No.10), the Implementation Opinions of General Office of the State Council on Implementing the Implementation Outline of Comprehensively Promoting Administration according to Law (Guo Fa [2004] No.24) and the State Council’s Decision on the Third Batch of Cancellation and Adjustment of Administrative Examination and Approval Items (Guo Fa [2004]) As well as the relevant provisions of the Notice of the National Development and Reform Commission and the Ministry of Finance on Clearing up the Charges of Administrative Organs and Institutions (No.1196 [2004] of the Development and Reform Commission), we have comprehensively cleaned up the national and central departments and units’ administrative examination and approval (including administrative licensing, the same below) and decided to announce the cancellation of 103 administrative examination and approval and other charging items. The relevant matters are hereby notified as follows:
　　First, the following 84 items have been approved by the Ministry of Finance and the National Development and Reform Commission (including the former State Planning Commission and the former State Price Bureau), but the administrative examination and approval fees that do not meet the provisions of laws and administrative regulations shall be announced for cancellation.
　　(1) Public security departments
　　1 border management area pass fee
　　2 border residents entry and exit permit fee
　　3. The cost of the foreigner’s settlement identity confirmation form
　　4. Work fee for the ship’s work permit
　　5 Taiwan Province compatriots travel certificate fee.
　　6. driver’s license annual inspection fee
　　7. Handling fees for major and extraordinarily serious traffic accidents
　　8. Fee for holding a gun license for official use
　　9. Cost of civil firearms holding license
　　10 explosive storage license fee
　　11 explosives use license fee
　　12. Fee for explosives purchase certificate
　　13 explosives transport license fee
　　14. The demolition work permit fee
　　(B) development and reform (coal) sector
　　15. Cost of coal business qualification certificate
　　(3) Food and drug supervision departments
　　16 new biological products approval fee (incorporated into the new drug approval fee)
　　17. Registration fee for export license of special chemicals
　　18 drug packaging materials, container production enterprise license review fee
　　(IV) Agricultural sector
　　19 export pesticide approval fee
　　20. Application for examination and approval fee for pesticide test
　　21. Soil and fertilizer testing fee
　　22. Registration fee for fertilizer, soil conditioner and plant growth regulator (including registration certificate fee)
　　23. Regional test fee for crop varieties
　　(5) Industrial and commercial departments
　　24 "trademark registration certificate" verification fee
　　(6) Information industry departments
　　25. Radio registration fee (including fees charged by other departments)
　　26 basic telecommunications business license fee
　　27 trans regional value-added telecommunications business license fee
　　28 value-added telecommunications business license fee
　　(VII) Science and Technology Department
　　29. Technology contract registration fee
　　30 science and technology award evaluation fee (including other departments)
　　(8) Department of land and resources
　　31. Examination and approval fee for geological survey report
　　32 construction land approval fee
　　(9) Surveying and mapping departments
　　33 surveying and mapping work permit fee
　　34. Surveying and mapping qualification fee
　　(10) Department of tobacco monopoly
　　35 tobacco monopoly license (including production, wholesale, retail, temporary) charges
　　(11) Zhongzhi Administration Bureau
　　36. Evaluation fee for scientific research and production units of commercial password products
　　37. Annual fee for licensed sales of commercial password products
　　(twelve) personnel and other departments belong to the talent flow center.
　　38. Political examination fee for going abroad
　　(13) Commission of Science, Technology and Industry for National Defense
　　39. Licensing fees for nuclear materials
　　(14) People’s Bank of China
　　40. Charge for loan card
　　(fifteen) the competent department of production safety (coal)
　　41 dangerous chemicals business license fee
　　42. Fee for special operators’ operation certificate (IC card)
　　43 township coal mine safety production conditions certificate fee
　　(16) Judicial department
　　44. Fee for lawyer’s practice license
　　45 grass-roots legal service workers practicing license fee
　　46. Notary’s practice certificate fee
　　47 law firm practice license fee
　　(17) Press and publication department
　　48 newspaper publishing license fee
　　49. Press card fee
　　(XVIII) Cultural departments
　　50. Performance license fee
　　(XIX) Forestry Department
　　51. Timber transport license fee
　　52 timber cutting license fee
　　53 domestication and breeding license fee
　　54. Fee for special hunting and catching license
　　55 hunting license fee
　　(twenty) population and family planning departments.
　　56 "floating population marriage certificate" fee
　　(twenty-one) civil aviation management department
　　57. Business license fee
　　58 civil aviation safety inspection license fee
　　59. Safety inspection instrument use certificate fee
　　(XXII) Railway departments
　　60 liquefied gas railway tank car (tank) transport license fee
　　(XXIII) Construction Department
　　61. Certified architect certificate fee
　　62. Certificate fee for registered structural engineer
　　63. Certificate fee for registered town planners
　　64. Certificate fee for real estate appraisers
　　65 real estate agent registration certificate fee
　　66. Cost engineer certificate fee
　　67. Supervision engineer certificate fee
　　68 engineering survey and design qualification certification fees
　　69 construction enterprise qualification examination certificate fee
　　70. Construction supervision certificate (including supervision engineer certificate and supervision unit certificate) fee
　　71 city planning qualification certificate fee
　　(twenty-four) labor and social security departments
　　72 wage fund management manual fee
　　(twenty-five) education department
　　73 at their own expense to study abroad intermediary service institutions qualification certificate fee
　　(XXVI) Department of Transportation
　　74. Fee for work permit on water and underwater.
　　(27) China Securities Regulatory Commission.
　　75. Issuance audit fee
　　(28) General Administration of Customs
　　76 customs supervision fees for duty-free goods
　　77. Customs supervision fees for goods in export supervised warehouses
　　78. Tax refund (customs clearance) fee for imported goods
　　79. The vehicle takes up the inspection fee for overtime.
　　80. Vehicle inspection fee
　　(XXIX) Health department
　　81 private medical institutions management fees
　　(30) Port administrative departments (local governments)
　　82. Port management (construction) fee
　　(31) Quality inspection and quarantine department
　　83 cotton quality inspector registration certificate fee
　　(32) Intellectual property department
　　84 intellectual property training center school funding
　　Two, the following seven administrative examination and approval fees have been approved by the Ministry of Finance and the National Development and Reform Commission (including the former State Planning Commission and the former State Price Bureau), with the third batch of administrative examination and approval items cancelled in the State Council.
　　(a) the public security (production safety) department
　　1 explosives (including fireworks) safety production license fee
　　2 explosives (including fireworks) sales license fee
　　(2) The financial department
　　3. Examination fees for registered accountants to perform securities and futures-related businesses.
　　(III) Agricultural sector
　　4 veterinary drug preparation license fee
　　(4) Commercial departments
　　5. Fee for import certificate of specific mechanical and electrical products
　　6 mechanical and electrical products import quota certificate fee
　　(5) General Administration of Customs
　　7. Registration fee for customs declaration unit
　　　 Three, the following 12 administrative examination and approval fees, belonging to the relevant departments ultra vires approval fees, to be announced to cancel.
　　(1) People’s Bank of China
　　1 mechanical and electrical products import registration form fee
　　(2) Department of transportation
　　2 "water transport license" fee
　　3. Cost of building fire protection certificate
　　4. Fire control construction permit fee
　　5. Fire control audit fee
　　6 explosives management certificate fee
　　(3) Tourism sector
　　7. Fee for star report of tourist hotel
　　8 travel agency business license fee
　　9. Travel agency to declare technical report fee
　　10. Fee for the list of overseas travel teams
　　11 outbound tour guide card fee
　　12 tour guide qualification certificate fee
　　Four, the above fees, in addition to the cancellation of the third batch of administrative examination and approval items in the State Council, the fees approved by the relevant departments beyond their authority shall be corrected immediately, and other fees shall be cancelled as of January 1, 2005. Relevant collecting departments and units shall, in accordance with the regulations, go through the cancellation procedures of the License for Charges at the competent price department that originally issued the License for Charges, and go through the cancellation procedures of the bills at the financial department that originally issued the bills for charges. Before January 1, 2005, the balance of relevant funds for charges shall be paid in full to the state treasury or financial accounts in strict accordance with the channels originally prescribed by the financial department. Where the provisions of relevant documents in the past are inconsistent with this notice, the provisions of this notice shall prevail.
　　Five, after the cancellation of the above fees, the relevant departments and units in accordance with laws, administrative regulations and the provisions of the State Council to perform the functions of administrative examination and approval or the issuance of licenses required funds, by the financial department at the same level through the departmental budget or approved by the financial department charged channels to be guaranteed. The financial departments at all levels shall ensure that the relevant departments and units shall perform the expenses required for administrative examination and approval according to law.
　　Six, all regions and relevant departments should be strictly in accordance with the provisions of this notice and the development and reform price [2004] No.1196 document, conscientiously implement the announced cancellation of fees and charges, and before the end of January 2005, the region, the department to implement the cancellation of fees and charges, the amount involved and other reports to the Ministry of Finance, the National Development and Reform Commission for the record.

　　CC: General Office of the State Council, offices of the Financial Ombudsman of the Ministry of Finance in all provinces, autonomous regions, municipalities directly under the Central Government and cities under separate state planning.

Special feature of 1905 film network The 2024 Spring Festival movie, which set a total box office record, has come to an end, but films such as the Spring Festival movie still perform steadily in the movie market. Solid quality and good reputation have made the four films show a gratifying long tail effect at the box office, among which "Article 20" came from behind and has led the single-day box office list and the movie attendance list for ten consecutive days as of the evening of the 28th.

Spring is getting warmer, and March is coming, and the movie market activated by the Spring Festival file will also usher in a new lineup. Nearly 30 films "get together" are scheduled for March, with diverse types and stars. More than 20 domestic films continue to flourish, including those that have been shown in the near future, and those that have been well received during the Spring Festival. When they are not shown, they have triggered a very hot new film, which will also welcome the inspection of the audience.

Competing with them on the same stage, there are also many imported foreign films that sell well. At the beginning of the month, it was re-released and (the first film) was warmed up, and the week of big IP blessing was new, and there were countless overseas awards and "the first real-life film of mankind" shocked. Who will win the first prize in the "Spring Mountain" in March?

March screen multi-line outing

The new domestic film shakes the sun brilliantly.

Action suspense, youthful love, absurd comedy, dramatic life … … Diversified theme content and different types of characteristics are the outstanding features of the new films made in China in March.

As a guest film channel "Today’s Film Review", film critic and producer Fujii Shu described these new films as "rich, diverse, light and agile". Taking the Spring Festival outing route as a metaphor, she divided the "movie-watching route" in March into four parts — — You Lost by Me and Viva La Vida form a romantic leisure line, Brilliant She and Chasing the Moon form a warm parent-child line, while Zhou Chu eliminates three evils, plays and kills and opens up a hard-core adventure line, waiting for a bosom friend on a small hiking line.

Hot Movie Promotion (in chronological order)

Eliminating three evils in Zhou Chu

Director and screenwriter:

Starring:,,,,

Release date: March 1.

Synopsis: Chen Guilin (Ehan Juan), a wanted criminal, is dying, only to find that he is only ranked third on the wanted list. He is determined to find out the whereabouts of the first two wanted criminals and get rid of them one by one … …

Aspect: The film ingeniously uses the allusions of "Eliminating Three Harms at Zhouchu" in The Book of Jin and Shi Shuo Xin Yu, and discusses the reaction of "greed and ignorance" from the absurd perspective of self-rescue, which can not only provide a sense of genre film, but also have a strong social warning significance. With the early screening, its Douban film score rose to 8.4 points, and the action scenes and cult plots in the film won online praise. Ehan Juan’s appearance and performance were rated as "handsome to a new height" when he performed the drama of "Return of the Prodigal Son".

Play killing

Director and screenwriter:

Starring:,,,,, Niu Xinxin, Feng Xinyao

Release date: March 2

Synopsis: A generation of famous actresses who fell in love with the country were killed by dark guns! On the first seven nights, private detectives (Jia Bing) are flying all over the sky and many suspects are hijacked in a theater. Known as "crazy", the mysterious flower face band surrounded them, forcing Inspector Man to find out the real murderer within four hours … …

Aspect: Whether the story of "script killing" can reach the previous height remains to be tested by the audience. The comic meaning introduced by comedians such as Jia Bing may bring different miraculous effects to this genre.

A stranger’s knife

Director:

Screenwriter: Tommy

Starring:,, Xia Meng,, Liu Hua

Release date: March 2

Synopsis: There was chaos in the world, and the King of Qi usurped power, secretly killing the heir of the Prince. Tian Anye (Max Zhang), a charcoal seller, was inadvertently involved in this game. In a life-and-death struggle, the secret of Tian Anye and the truth of the martyrdom of the people in Liangcheng in those days were also revealed … …

Aspect: As a rare martial arts action movie in the cinema, an unremarkable movie promoted in advance may bring surprises. The audience who are familiar with Max Zhang’s modern action drama will also enjoy a different kung fu feast in this costume movie.

You lost by me

Director:

Screenwriter:

Starring:,,,

Release date: March 8

Synopsis: The boy Bai Xiaoyu (JC-T) and the girl Wang Jinjin (Zhang Jingyi) meet for the first time in the college entrance examination, and Bai Xiaoyu loses Wang Jinjin for the first time in the vast sea of people. Four years later, they met again unexpectedly and fell in love. In 2018, after knowing each other for eight years and loving each other for five years, they stood in front of the marriage and hesitated, but they fell in love but could not escape the heavy fetters of reality. Will Bai Xiaoyu lose Wang Jinjin again?

Aspect: The film is adapted from the popular novel Wang Jinjin, which I lost twice, and was personally adapted by the original author Zheng Zhi. After 15 years, JC-T returned to the screen. What kind of spark will he have with Zhang Jingyi, the spokesman of youth pain, as the leading actor in the film for the first time?

Chasing the moon

Director and screenwriter:

Starring:

Release date: March 8

Synopsis: Teacher Qi (Caifei He), a famous Shaoxing opera actress, became famous all over the country with a movie Chasing the Moon when she was young. After many years of success, she suddenly returned home and wanted to reunite with her family. The abandoned eldest son, Qiu Sheng (Yuan Wenkang), and the youngest son, Xia Sheng, are hard to get close to her, and an unexpected event gradually reveals the secret truth of the past … …

Aspect: Caifei He won the Best Actress Award in the 36th Chinese Film Golden Rooster Award, and her heartfelt acceptance speech was quickly "out of the circle", which triggered a phenomenal discussion on the whole network. In addition to Caifei He’s award-winning performance of "Don’t be crazy, don’t survive", the film text comes from the novel Past, which won the eighth Lu Xun Literature Award. The combination of strong literariness and Yue Opera, a traditional Chinese opera form, is also expected.

Brilliant her

Director:

Screenwriter: Zhang Li

Starring:,,,

Release date: March 15th.

Synopsis: The kind and tolerant grandmother (played by Kara Wai) meets her granddaughter (played by Liu Haocun) who was accidentally lost 12 years ago. The grandparents and grandchildren are estranged and close to each other, and their secrets are gradually revealed … …

Aspect: Kara Wai and Liu Haocun are partners for the first time, and the performance presented in the preview is full of emotions and moving. In addition, the film also focuses on social hot topics such as campus bullying, and how to observe it in depth is worth looking forward to.

Viva La Vida.

Director:

Screenwriters: Han Yan, Wang Xiaoai and Yang Fuzhi

Starring:,,,, Liu Dan,

Release date: March 30th.

Synopsis: "Mindless" Lu Tu (Peng Yuchang) meets "Unhappy" Ling Min (Li Gengxi), two seriously ill young people with different personalities. Because of the agreement of "relay for life", they mistakenly embarked on a healing journey full of love and strength.

Aspect: The film is the final chapter of the trilogy of life directed by Han Yan. Despite withdrawing from this year’s Spring Festival due to "wrong schedule selection" and other reasons, the film still gained a high reputation during the screening period, and the performances starring two young people were widely praised.

Galaxy writer

Director:,

Screenwriter: Ice Shan, Li Kuo,

Starring:,,, Li Wenru

Release date: March 30th.

Synopsis: Zhang Yiyi (Song Muzi) and Sun Tan (He Wenjun), two small screenwriters with dreams, wrote the original screenplay "Seven Seconds Man" that they thought could go down in history. With the help of a group of friends, they searched for employers and producers, tried to put the film on the big screen, and started a journey of "finding dreams" that was ironic.

Aspect: At the 17th FIRST Youth Film Exhibition, the film won two awards, which were praised by many people in the industry and recommended by "tap water". The film, praised as "The Screenwriter’s Picture Book of Survival" and "The Enlightenment of Contemporary Migrant Workers’ Survival", may gain more bosom friends among young literary fans.

Big IP, see you next week

The foreign film market is full of flowers.

The upsurge of Chinese films brought by the Spring Festival stalls has injected vitality into the film market in 2024. As spring approaches, more overseas imported films join the film market.

According to Jin Yuxuan, a teacher of China Communication University who is a guest on the film channel "Today’s Film Review", the "March" of the relay Spring Festival file gives the audience greater freedom of choice, which provides great opportunities for importing foreign films, and some of them are released at the same time overseas, which deserves attention.

Marvel Comics, Dune, Kung Fu Panda, Godzilla, King Kong and other big IP leaders settled in the March film list, and the Palme d ‘Or award works and "Space Reality Shooting" movies hit hard, which attracted new expectations on the week.

Hot Movie Promotion (in chronological order)

Mrs. Spider: Super Sensory Awakening

Director:

Starring:, Sydney sweeney, celeste O ‘Connor, Isabella Merced,

Producer country: USA

Release date: March 1.

Synopsis: Cathy (Mrs Spider, Dakota Johnson), an emergency nurse, discovers that she can predict the future by accident. In the process of exploring the origin of her ability, she is closely linked with the fate of three spider women. Faced with the pursuit of Ezekiel, the villain "poisonous spider", Mrs. Spider tried to find out the reason … …

Aspect: Mrs. Spider is the most mysterious female superhero in Marvel comics. For Marvel Comics, whose reputation is declining, can the "new" hero on the screen save the decline?

Dune 2

Director:

Starring:,,, Florence Pew

Producer country: USA, Canada

Release date: March 8

Synopsis: Paul E. Cui Di (Timothée Chalamet) joins forces with Cheney (Zendaya) and freeman people to embark on the road of revenge against the conspirators who caused the destruction of his family. When faced with the choice between the love of his life and the fate of the known universe, he must try to stop the terrible future that only he can foresee.

Aspect: Continuing the previous film, the film will continue to explore the legendary journey of the dune world. At present, the film has been praised by overseas authoritative film review websites beyond its previous work. Director Villeneuve will also come to China during the film promotion period. Are you looking forward to it?

Challenge

Director:

Starring:

Producer country: Russia

Release date: March 15th.

Synopsis: An astronaut can’t return to Earth for treatment due to sudden illness, and he will die if he is not treated in time. At the same time, his life is of great significance to the country. A female surgeon was urgently sent to the universe to operate on this astronaut. The difficulties and challenges she will face far exceed her career and cognition. This is the longest "journey adventure" in her career and even her life. She bid farewell to her daughter and mother and embarked on this unknown journey. ……

Aspect: The film is known as "the first real-life film made by human beings in space", and it is worth paying attention to whether the film-history stunt can really be transformed into excellent quality.

Kung fu panda 4

Director:,

English dubbing: Jack Black,,,,

Chinese dubbing:,,

Producer country: USA, China.

Release date: March 22nd.

Synopsis: When the Dragon Warrior Po returns again, he will be forced to practice advanced by Master. A series of brand-new and strongest villains, the Phantom of the Demon, appeared on the stage, and mysteriously she can be transformed into every Po’s former enemy. This time, Po has met new partners such as Xiaozhen, and will start this adventure together.

Aspect: After eight years’ violation, the classic IP is coming again, and the new Kung Fu journey of Panda Po should not be missed. For the audience in China, the voice "performances" of Bo Huang, Yang Mi and Rulu are also worth going into the cinema to enjoy.

The trial of falling

Directed by Justin Tarie.

Screenwriters: Justin Tarie and Arthur Harari.

Starring:,, Milo machado Graner,

Producer country: France

Release date: March 29th.

Synopsis: Sandra (sandra wheeler), her husband Samuel and her visually impaired son Daniel live in a cottage in a remote mountain area with ice and snow. One day, Samuel was found dead after falling from a building outside his house. The police launched an investigation into the suspected murder, and Sandra was charged under uncertain circumstances. Is this suicide or murder? A year later, Daniel took part in the trial of his mother … …

Aspect: The film won the highest prize in Cannes Film Festival last year — — The Palme d ‘Or Award, and continues to harvest various film awards around the world, and the momentum continues to this day. Different from conventional suspense films and court films, the film deeply examines the real face of marriage and family life through these shells, with progressive emotions and subtle lens language, highlighting the pioneering expression of today’s world films on practical issues.

Godzilla vs king kong 2: The Rise of the Empire

Director:

Starring:

Producer country: USA

Release date: March 29th.

Synopsis: After the last monster high-burning battle, King Kong and Godzilla will once again join hands to fight against a huge threat lurking in the world, and gradually explore the origin of these behemoths and the mysteries of Skull Island and other places. At the same time, the veil of the ancient war will also be revealed, and it was that battle that created these extraordinary creatures and profoundly affected the fate of the human world.

Aspect: Can the sequel visually continue the shock of the previous work? In the story, will there be an upgrade without pulling the crotch? We’ll see at the cinema.

The military parade is an extremely grand military ceremony.

It embodies the national prestige of a country, the military prestige of an army and the integrity of a nation.

It is an important form for soldiers to swear loyalty to the country and show their military style.

It is of great significance for promoting national prestige and military prestige, inspiring national spirit and inspiring patriotic enthusiasm.

Since the founding of New China, there have been 14 National Day military parades and the Victory Day of the Anti-Japanese War in 2015, and military parades have also been held in some large-scale military exercises.

There are many perspectives on how to look at these military parades.

You can see it from the reading formation

You can see from the weapons and equipment

From the clothing of the troops being read

You can see from the slogan of the military parade.

You can also look at it from the leader’s review car and so on

In short, the National Day military parade has a lot to watch.

From these perspectives, we can see that the achievements of national defense modernization and the revolutionary, modernized and regularized new features of the People’s Liberation Army reflect the comprehensive quality and economic strength of the country, as well as the military and cultural level of the country and the army.

"CNR National Defense Time and Space" specially invited Jiang Tingyu, former director and researcher of the Editorial Research Department of China People’s Revolutionary Military Museum, to tell you about it.

Viewing the military parade from multiple perspectives

first episode

Viewing the military parade from the formation of the troops being read

The pictures in this article are all from "CNR National Defense Time and Space" WeChat WeChat official account.

The formation of military parade is an important content and element of military parade. The formations read can reflect the development process of the People’s Liberation Army (PLA) from a single army to a synthetic army of various military types, the reform and changes of the PLA establishment system, and the achievements of the national defense and army building in new China and the brand-new features of the PLA’s revolutionary, modern and regular construction.

Founding ceremony military parade

Navy, air force

First formation. See Synonyms at first formation

The troops being read are mainly the army.

In the founding ceremony military parade in 1949, 16,400 troops were read, which were formed in the sequence of the navy, army and air force. Although the navy had only two platoons, it was organized as a square team and walked in the front. The army is formed in the order of infantry division, artillery division, chariot division and cavalry division. Seventeen aircraft of the Air Force are organized into a mixed flight echelon and six detachments. The troops under study are nominally the army, navy and air force, but in fact they are mainly the army, and the army is mainly the infantry. The navy, air force and other arms are still being formed.

Navy parade in founding ceremony.

Cavalry team in founding ceremony military parade

Military parade on the first anniversary of National Day

The number of reference troops is the largest, and the formation under review has reflected the gradual progress from a single army to a synthetic army of various services and arms.

In 1950, 24,209 officers and men participated in the National Day military parade, which was the largest number of troops in the 13th National Day military parade in New China. During the National Day military parade, the leading bodies of the air force, navy, artillery, armored forces and other services and arms have been established, and the objects and formations read have reflected that the People’s Liberation Army has gradually moved from a single army to a synthetic army of various services and arms.

The air force parade in the National Day military parade in 1950.

1950年国庆阅兵接受检阅的坦克方队

国庆两周年阅兵

军事院校、伞兵部队、探照灯部队和民兵编队首次参加受阅。

1951年国庆阅兵，受阅的陆海空三军部队和民兵代表13348人。地面方队13个，空中梯队3个，共16个编队。这次阅兵，首次出现了军事院校方队，并且作为受阅第一方队，反映了我军注重院校建设，重视培养军队现代军事人才 。伞兵部队、探照灯部队也是首次编队受阅。民兵作为一个方队首次参加国庆阅兵。

1951年国庆阅兵中军事学院方队

首次受阅的伞兵部队

国庆三周年阅兵

公安部队首次编队受阅

1952年国庆阅兵，陆海空三军部队和民兵代表11300多人接受检阅。公安部队第一次编队受阅。1950年11月公安部队领导机构成立，公安部队成为人民解放军的一个重要军种。

1952年国庆阅兵中民兵方队

国庆四周年阅兵

The first formation of "Katyusha" rocket artillery was read

1953国庆阅兵，陆海空军代表11035人参加受阅，48个地面方队和6个空中梯队。“喀秋莎”火箭炮兵首次编队受阅，成为阅兵的一个亮点。在炮兵方队里，拖拉机牵引着巨大的加榴炮通过天安门广场。“拖拉机拖炮”成为国庆四周年阅兵的一道风景线。

The first formation of "Katyusha" rocket artillery was read

Military parade on the fifth anniversary of National Day

The cavalry team was read for the last time

In the National Day military parade in 1954, there were 10,384 people in 38 teams on the ground and 4 flight echelons in the air. Among them, there are 7 military academies, and the cavalry has been organized into 6 teams. This is the last time the cavalry troops were reviewed in the National Day military parade. Since then, the cavalry troops have withdrawn from the National Day military parade stage.

The cavalry team that was read for the last time

Military parade on the sixth anniversary of National Day

The People’s Liberation Army implements the military rank system.

For the first time, a general leader appeared in the troops under study.

In the National Day military parade in 1955, 10,344 troops were read by the armed forces, forming 27 square teams and several flight echelons. After the People’s Liberation Army implemented the military rank system, all the officers and men of each party team of the army, navy and air force were wearing new military uniforms, wearing ranks and badges, and they were full of energy and spirits, showing the new look of the People’s Liberation Army after the military rank system was implemented. This military parade, in the military academy team, there was also a general leader.

The military academy team led by the general

Military parade on the seventh anniversary of National Day

Due to the rain, the airborne echelon was not read.

In the National Day military parade in 1956, 11,929 troops were referred to and organized into 29 ground teams and several flight echelons for reference. See the officers and men of the army taking the domestic Jiefang brand car for review. The airborne echelon was not read because of the rain.

People’s Liberation Army reading in the rain

National Day Eighth Anniversary Parade

It is the one with the least number of readers.

The first formation of domestic fighters was read.

In the National Day military parade in 1957, there were 29 parade teams and 5 aerial echelons, with 7064 participants, which was the least among the 13 military parades in New China. During the National Day military parade in 1957, China’s self-produced Il-28 jet bomber and J -5 fighter participated in the aerial echelon for the first time.

China’s self-produced bombers and fighters participated in the aerial echelon for the first time.

National Day Ninth Anniversary Parade

Seven militia divisions in the capital were read.

The first formation of female militia. See Synonyms at first.

In the National Day military parade in 1958, there were 7,856 soldiers and militiamen, and 15 trekking teams, 14 vehicle teams and 6 aerial echelons were reviewed. "Capital Militia Division" appeared in the reading team for the first time, with seven capital militia divisions as references, and female militiamen were read in formation for the first time.

North China militia team read

The female militia team being read

National Day 10th Anniversary Parade

Refer to the large number of planes and the large number of air echelons.

In the National Day military parade in 1959, there were 11,018 troops in 35 formations, including 15 trekking teams, 14 vehicle teams, 6 aerial echelons and 155 planes. Compared with previous military parades, the number of planes and air echelons is the largest. The military parade was large in scale, but it only took 58 minutes, indicating that the organization of the military parade is becoming more and more thorough and mature.

The air echelon being read

Military parade on the 35th anniversary of National Day

The strategic missile team, the armed police team and the female soldier team participated in the reading for the first time.

In the National Day military parade in 1984, 10,370 troops were read, including 46 square (ladder) teams. There are 42 ground parades, including 24 mechanized parades and 18 trekking parades. There are more mechanized parades than before, which reflects the development and promotion of our army’s modernization. There are 4 air echelons and 94 aircraft. The strategic missile made its debut, and the female soldier team participated in the National Day reading for the first time, which became a beautiful landscape on the parade ground. The armed police force, which has just been formed, is also being read for the first time.

The female soldier team participated in the National Day reading for the first time.

The first appearance of the strategic missile team

50 th anniversary military parade

Army aviation, naval aviation, marine corps, armed police special police team and reserve forces were read for the first time.

In the National Day military parade in 1999, more than 11,000 people from the PLA Army, Navy, Air Force, Second Artillery Corps, People’s Armed Police Force, militia and reserve forces formed 42 ground teams and 10 air echelons, and 52 formations were reviewed. Among the ground teams, there are 17 trekking teams and 25 vehicle teams. Army aviation, naval aviation, marine corps, armed police special police and reserve forces were read for the first time. Air tanker, etc. See for the first time. There are 25 people in the parade, which is the highest in the world.

The marine corps team that was read.

The airborne troops team being read.

The 60th anniversary military parade.

Special forces, weapons and equipment and high-tech teams have been added. Special forces team, armed police armored vehicle team, airborne combat vehicle team, mobile radar team, signal equipment team, drone team, cruise missile team, early warning aircraft echelon, etc. refer to it for the first time. The echelon of female pilots first appeared in the National Day parade.

In the National Day military parade in 2009, there were more than 8,000 troops and militia reserves, including 56 square (ladder) teams, including 14 on foot, 30 on equipment and 12 in the air, which was the largest number of Chinese (ladder) teams in all previous National Day military parades in New China.

The Army has seven arms for reference, the Navy has four arms for reference, the Air Force has four arms for reference, and the Second Artillery Corps has six teams for reference. The first appearance of the special forces team, the second artillery walking team, and the female soldiers team of the three armed forces showed that the military parade was more comprehensive. The complete reference elements reflect the integrity of China’s armed forces system.

This National Day military parade has reduced the number of trekking teams and increased the number of equipment teams. There is only one infantry team. The navy, air force, second artillery and other arms and services have increased. The number of strategic missile teams of the Second Artillery Corps increased to five, and the number of aviation echelons increased to 12. For the first time, we refer to the UAV team, the airborne combat vehicle team, the signal equipment team, the logistics equipment team, the mobile radar team, the armed police armored vehicle team, the cruise missile team, and the early warning aircraft echelon. There are many arms and services of equipment and technology in the team being read, which reflects the transformation of the People’s Liberation Army from quantitative scale to quality and efficiency, and from manpower-intensive to technology-intensive.

The special forces team being read

The drone team being read

Anti-Japanese War Victory Day Parade

A team of anti-Japanese veterans appeared, and representatives of the anti-Japanese model troops formed a team to be read separately. Nearly 1,000 officers and men from 17 foreign military teams and teams attended the reading, which was the first time that China invited foreign military representatives to participate in the military parade.

Anti-Japanese War Victory Day military parade. 12,000 troops participated in the reading, and they were organized into 50 square (ladder) teams. Among them, there are 11 trekking teams, 2 anti-Japanese veteran comrades riding teams, 27 equipment teams and 10 aerial echelons. Representatives of the British model troops in the Anti-Japanese War formed a team to be read separately. Nearly a thousand officers and men from 17 foreign military teams and teams participated in the reading.

The Anti-Japanese War Veterans’ Team is a special reading team. Their average age is 90 years old, the youngest is 84 years old, and the oldest is 102 years old. Many of them are covered with medals, medals and commemorative medals on their chests, which record and show their achievements and historical contributions in the Anti-Japanese War.

Participate in the anti-Japanese war veteran team that was read.

It is the first time in the history of the new China military parade that representatives of the British model troops formed a team to be read separately. This fully reflects the full affirmation of the Party and the country to the British model troops who have made meritorious deeds and contributions in War of Resistance against Japanese Aggression.

Participate in the team of Yingmo troops in Langyashan.

Nearly 1,000 officers and men from 17 foreign military teams and teams from five continents in Asia, Europe, Africa, Oceania and America participated in the reading. This is the first time that China has invited foreign military representatives to participate in the military parade, which embodies a clear attitude of jointly commemorating the victory of the world anti-fascist war, embodies the internationality of the world anti-fascist war, and embodies the people of China and the people of other countries to jointly defend the victory of World War II and pursue and yearn for lasting peace in the world.

The Russian Federation armed forces team was reviewed.

For the first time, the 27 equipment teams that were read were grouped into six combat modules: ground assault, air defense and anti-missile, maritime attack and defense, strategic strike, information support and afterloading support, which broke the previous concept that military parades were grouped according to land, sea, air, second artillery and other arms, and highlighted the changes in the operational concept of the People’s Liberation Army.

Both nuclear and regular missile teams

Bomber echelon

The 10 air echelons and nearly 200 planes read are uniform and magnificent. Including air flag protection echelon, leader echelon, early warning commander echelon, fighter echelon, bomber echelon, naval carrier-based aircraft echelon, maritime patrol aircraft echelon, helicopter echelon, refueling and receiving aircraft echelon, covering the existing advanced combat and support aircraft of our army. The air combat elements are complete, the formation is novel and changeable, and the meters and seconds of the large formation are not bad. This fully reflects the improvement of our army’s modern combat level.　

(The original title is "Looking at the military parade from multiple perspectives: Looking at the military parade from the formation of the troops being read")

On January 10 th, a book called"Stop issuing performance pay scheme for COVID-19 project"The document was circulated on the Internet and signed by Beijing Kexing Zhongwei Biotechnology Co., Ltd., which mentioned that the company’s COVID-19 vaccine has been completely discontinued and the company has no COVID-19 vaccine products for sale at present.

At noon on January 10th, Jimu journalist called the product consultation hotline of Kexing Holding Biotechnology Co., Ltd., and the staff confirmed it.Kexing’s COVID-19 vaccine has been discontinued. If you still need to inject this product, you should ask the local CDC if it is in stock.

It is worth noting that there are still a variety of vaccines for new strains that can be injected in various parts of China.

Kexing COVID-19 vaccine has been discontinued.

Many companies have "got off the bus" before.

According to Jimu News, on January 10th, a document named "Stop Issuing Performance Pay Scheme for COVID-19 Project" was spread on the Internet. The date of signing the scheme was January 9th, and it was stamped with the official seal of Beijing Kexing Zhongwei Biotechnology Co., Ltd., which mentioned that at this stage, the company has stopped production of COVID-19 vaccine and the company has no sales of COVID-19 vaccine products at present, and the company decided to stop issuing performance pay for COVID-19 project for existing employees from January 2024.

Beijing Kexing Zhongwei Biotechnology Co., Ltd. is a subsidiary of Kexing Holding Biotechnology Co., Ltd. At noon on January 10,The staff of the product consultation hotline of Kexing Holding Biotechnology Co., Ltd. confirmed that at present, the COVID-19 vaccine of Kexing of the company has been discontinued. If the product needs to be injected, it is necessary to ask the local CDC if it is in stock.As for the authenticity of the online transmission of "Stop Sending Performance Pay Scheme for COVID-19 Project", the other party said it was unclear, and she was only responsible for product consultation.

In fact, since 2023, a number of companies that have been developing COVID-19 vaccine have either announced a change of direction or stopped investing, or their financial data reflect the "sequela" of "slow sales" of COVID-19 vaccine.

On July 19th, 2023, COVID-19 Microorganism Tianci Factory, one of the three musketeers of domestic mRNA vaccine, suspended its trial operation because there was no demand for vaccine production in the near future. All this was only two and a half years after it obtained the clinical approval of COVID-19 mRNA vaccine in January 2021. At that time, COVID-19 mRNA vaccine of Microorganism was the second domestic COVID-19 mRNA vaccine that entered the clinical stage.

For COVID-19 vaccine, Clover Bio, a Hong Kong-listed company, can be described as "putting all your eggs in one basket". In June, 2022, Clover Bio announced that it would give priority to the allocation of all resources to COVID-19 vaccine project, suspend the investment in the other three clinical pipelines, and reduce the investment in non-COVID-19 projects and new projects. In December 2022, COVID-19 vaccine SCB-2019(CpG 1018/ aluminum adjuvant), a recombinant protein of clover, was put into emergency use in China, and was officially launched for the first time in February 2023.

However, in the semi-annual report of 2023, Clover Bio said that due to the ever-changing and low overall demand for COVID-19 vaccine from China and countries around the world since 2023, the company predicted that COVID-19 vaccine sales in 2023 would not bring meaningful financial contribution. Its vaccine layout turned to respiratory diseases such as RSV and influenza.

In April 2023, the "low-cost operation notice" of Shangyao Kangxinuo was spread on the Internet. The content of the notice shows that it is decided to suspend the production line from April 4 for a period of 180 days. According to Red Star News at that time, the staff of Kangxinuo patient answering hotline introduced that the COVID-19 (vaccine) production line here was temporarily suspended, and there was no problem here at the headquarters. Now the demand for COVID-19 vaccine is not so great, so the production line of Shanghai Kangxinuo COVID-19 (vaccine) has been temporarily stopped, which will not affect other aspects.

Chang Rongshan: Inactivated vaccine is not recommended at present.

In February 2023, a research paper published by domestic researchers in the latest issue of China CDC Weekly stated that,"Although the protective efficacy of the third dose of Kexing inactivated vaccine can be improved to more than 70% within one month after homologous inoculation, its predictive efficacy will gradually decline to less than 50% after six months."

For COVID-19 infected people whose clinical endpoint is "COVID-19’s symptoms", the research results show that after 28 days and 6 months of intensive immunization, the protective effect of three doses of inactivated Kexing vaccine is only about 30% and 10%. Among them,The predicted protective effect of three doses of Kexing inactivated vaccine on Omicron BA.4/5 is even lower.

According to the interface news, virologist Chang Rongshan reminded that,Inactivated vaccine is not recommended at present.It pointed out that the antigenicity of the current epidemic strains has changed greatly, and the effect of inactivated vaccine will be much worse than that of other technological vaccines."It is best to play mRNA vaccine and recombinant protein vaccine."

According to JingJing. com, Xu Yue, an insider of a company that had previously researched and developed vaccines in COVID-19, said, "The research and development cost is one aspect, but the key is that you have developed it, and the virus has mutated, so the research and development speed can’t keep up at all. Vaccine iteration is too fast, and enterprises really can’t afford it, especially the cost of clinical trials. Before it is commercialized, the vaccine will be outdated first. "

Xu Yue told reporters that unlike the flu virus, which may go round and round, Covid-19 has been upgrading all the way, and the popular virus will not come again, and the old virus will not come. Therefore,Once the new COVID-19 vaccine appears, the old vaccine can be said to be "out of the historical stage".

A number of XBB vaccines were approved for use.

However, people’s willingness to vaccinate has obviously decreased.

According to Jingjing.com, on December 28th, 2023, the National Health and Wellness Commission held a press conference on the prevention and treatment of respiratory diseases in winter. Peng Zhibin, director of the Department of Respiratory Infectious Diseases of the Infectious Diseases Management Office of China CDC, said that recently, the spread of JN.1 (the second-generation sub-branch of BA.2.86 mutant in Omicron, Covid-19) has risen rapidly abroad and has become the main epidemic strain.

"The mutant JN.1 belongs to Omicron. Recently, according to the existing evidence, the World Health Organization believes that JN.1 has strong transmission ability and immune escape ability, but there is no evidence to suggest that its pathogenicity is enhanced. Previous infection and vaccination with XBB (Omicron subtype variant strain) vaccine have a cross-effect of immune protection, and it is predicted that the public health risk brought by it is low. " Peng Zhibin said.

At present, many XBB vaccines have been approved for emergency use in China. In June, 2023, the recombinant trivalent Covid-19 (XBB+BA.5+Delta mutant) trimer protein vaccine (hereinafter referred to as WEEK XBB vaccine) was put into emergency use in a certain range. In December, companies such as Shenzhou Cell, Kangxinuo and Livzon Group also announced that COVID-19 vaccine was included in emergency use.

According to the interface news, a domestic vaccine industry practitioner said,At present, the proportion of people’s willingness to vaccinate COVID-19 vaccine has obviously decreased, and the official has not clarified the requirements for vaccination indicators.All this makes "promoting vaccination in COVID-19" less urgent than before, which reduces the motivation of CDC. He said, "For example, if a company has a product approved, as long as it is developed and produced, the company will definitely want to be recognized in the market, and there is no situation in which the company is not enthusiastic. But in fact, from the step of bidding access, many provinces and cities have no enthusiasm. "

Rong Shan, a virologist, also said that the public is not willing to vaccinate COVID-19 vaccine at present. If COVID-19 vaccine is purchased, but not many people come to vaccinate it, it will easily lead to a backlog. Unlike ordinary commodities, vaccines have strict requirements for transportation and storage, and they will be wasted if they are not used after expiration.

Original title: Kexing COVID-19 vaccine has been discontinued! Many companies have long since "got off the bus", inactivated vaccines have not been recommended, and many XBB vaccines have been approved.

　　Xinhua News Agency, Chengdu, March 20th Question: Have you found the answers to all the N kinds of legends about Sanxingdui?

　　Xinhua News Agency reporters Wang Peng, Shi Yuxi and Tong Fang.

　　With the announcement of new archaeological discoveries in Sanxingdui site, people’s eyes once again focus on this magical land.

　　Since the discovery of No.1 and No.2 "sacrificial pits" in Sanxingdui site in 1986, people have never stopped discussing it. A large number of shocking and mysterious cultural relics unearthed in the "sacrificial pit" have aroused a lot of speculation in the world.

　　Have you found the answers to those legends about Sanxingdui?

　　Legend 1: Is Sanxingdui an alien civilization?

　　Sanxingdui bronze vertical mask (Xinhua News Agency)

　　Huge ears, bulging eyes, and a big mouth wide to the ears … … Some people who eat melons believe that Sanxingdui is an alien civilization, and the grotesque bronze masks, bronze statues, bronze sacred trees and other cultural relics of Sanxingdui are alien works.

　　Experts are firmly opposed to this statement! The ancient Shu civilization, represented by Sanxingdui, is an important part of the pluralistic origin of Chinese civilization. Among the cultural relics unearthed in Sanxingdui, bronze statues, bronze rings, jade Zhang, jade cong, jade bi and jade ge are consistent with the Yellow River basin, which shows that Sanxingdui has the common attributes of Chinese culture. The familiar cultural relics with strange shapes and magnificent atmosphere, such as bronze standing man, bronze sacred tree and bronze vertical mask, not only show the brilliance of ancient Shu civilization, but also show the richness and diversity of Chinese culture.

　　In other words, Sanxingdui civilization is "made in China" and has nothing to do with aliens.

　　Legend 2: Sanxingdui people "moved" to Jinsha?

　　The gold mask unearthed from Jinsha site (left) and the newly discovered gold mask in Sanxingdui (imposition picture)

　　The newly discovered gold mask of Sanxingdui "made a stunning appearance", and the sharp-eyed netizens saw at a glance: this is the same as the gold mask of Jinsha! Not only the gold mask, but also the ornamentation, jade Zhang, jade chisel, ivory &hellip on the golden crown belt of Jinsha and the golden staff of Sanxingdui; … There are many cultural relics in the two sites. So can we think that people from Sanxingdui "moved" to Jinsha?

　　Experts believe that this high similarity between Jinsha site and Sanxingdui site proves that they belong to the same cultural system, and there must be some special connection between the two sites. Combined with the archaeological findings in recent years, we can think that Jinsha culture is the inheritance and development of Sanxingdui culture, and both of them have become an important part of the development of ancient Shu civilization.

　　Legend 3: Sanxingdui Archaeological Excavated "Angry Birds" with the same pig?

　　"Angry Birds" with the same pig (Xinhua News Agency)

　　Just last July, Sichuan Institute of Cultural Relics and Archaeology announced that an important site — — Joint site, unearthed a large number of cultural relics. Among them, a clay pottery pig is cute and cute, which is very similar to the villain green pig in Angry Birds. Netizens exclaimed: Is this the predecessor of Angry Birds?

　　In fact, experts believe that the joint site of this clay sculpture pottery pig unearthed should be an important settlement around the ruins of Sanxingdui ancient city. The joint site covers four cultural factors, namely, Guiyuan Bridge, Baodun Bridge, Sanxingdui Bridge and Twelve Bridges. It is the first time that a complete sequence of ancient Shu civilization has been found around Sanxingdui. Among them, the main cultural factors of Sanxingdui are the most abundant in the joint site, and a large number of cultural relics similar to Sanxingdui have been unearthed.

　　There are not only "villain green pigs", but also a large number of high-handled beans, hollowed-out beans (plates) and small flat-bottomed cans have been unearthed and restored at the joint site. It is worth mentioning that the pottery with the combination pattern of dragons and phoenixes carved on the yinxian line was unearthed in the late Shang Dynasty, and it is the earliest pottery with the pattern of "dragons and phoenixes are auspicious" found in China.

　　Legend 4: The "bronze giant" holds a "selfie stick" in his hand?

　　Sanxingdui "Bronze Man" (Xinhua News Agency)

　　Among the numerous bronze statues in Sanxingdui, the "bronze giant" is well known. Its overall image is solemn and solemn, and its hands are hollow. For a long time, people have been speculating whether he holds some kind of instrument in his hand. Even naughty netizens think that he is holding a "selfie stick" in his hand.

　　At present, there is no final conclusion on this issue in academic circles. Experts discussed that the "bronze standing man" may hold ivory, jade cong or scepter. The "Bronze Big Liren" wears a high crown, narrow sleeves and a half-arm-style three-layer dress, with complex and exquisite clothes, mainly dragon patterns, supplemented by bird patterns, insect patterns and eye patterns, and plaid stripes. It seems that his identity is an ancient Shu "high priest" with extraordinary skills.

　　There is no end to the exploration of Sanxingdui civilization.

　　Up to now, archaeologists have unearthed more than 500 important cultural relics in the six Sanxingdui cultural "sacrificial pits" newly discovered at Sanxingdui site.

　　I believe that in the future, through the detection and analysis of these cultural relics, more puzzles about Sanxingdui will be revealed. The true face of this ancient civilization, which has been buried deep underground for 3 thousand years, will become more and more clear.

　　We will wait and see … …

　　Whether the safe-haven value of gold still exists or not has become a hot topic of concern to many market investors. From a fundamental point of view, the price of gold must prove that the annual increase of 1.7% still exists, but the long-term fundamental supply and demand are being questioned and challenged.

　　Chimp Investor columnist Peter Elston mentioned that he considered what he could learn from the long-term price trend of gold, the so-called technicality. The final conclusion is that although the inflation-adjusted return of gold may still be poor in absolute value in the short term, it may still be better than that of stocks, bonds and cash, especially if the inflation rate remains high in the next few years.

　　He also suggested that in the past 50 years, the inflation-adjusted annual appreciation trend of gold price should remain unchanged at 1.7%, because the growth rate of global real wealth may continue to exceed this value. However, this is too simplistic and assumes that the fundamental reason for buying gold will not change much, which should be challenged.

　　This article focuses on the root cause of gold’s popularity, its supply dynamics, and its fundamentals, to see if they still prove that the above historical trend, the actual price increase of 1.7% per year still exists.

　　Gold is an iron-loving element, which means that it is heavy, easy to dissolve in iron, and doesn’t like to combine with oxygen. The oxide of gold is actually thermodynamically unstable. Therefore, its concentration is higher in the deep core and mantle than in the crust. Compared with the very low occurrence rate of the whole crust, the exploitable gold deposits are even rarer. In addition, the mineable deposits have now been exhausted, so that the annual output of gold has been flat since 2016. In the absence of major changes in mining technology and/or a drop in energy prices, this slowdown in annual output may continue.

　　The chemical inertness of gold makes it very suitable for jewelry, electronic products, dentistry, aerospace and value storage as gold bars and coins. The World Gold Council estimates that by the end of 2021, 205,238 tons of gold have been discovered/mined in the past 6,000 years, and the proven unexploited reserves total 53,000 tons, the latter figure is lower than 54,000 tons in 2019. It is also estimated that there are 15,000 tons of gold dissolved in the world’s oceans, equivalent to about 10 parts per trillion.

　　It is the inertia and rarity of gold that endows it with intrinsic value, that is, its practicality and practicality. Warren Buffett once wrote a famous saying that gold is dug out of the ground in Africa or somewhere, and then we melt it, dig a hole, bury it, and then pay people to stand around and guard it. It is not practical, and anyone who watches it from Mars will be puzzled.

　　But Elston doubts that Buffett will shine in the short term, but he will surely see that many people have done so for thousands of years and will almost certainly continue to do so. Besides, if he has a mobile phone or a tooth filling, he may benefit from the utility of gold to a greater extent than he is willing to mention.

　　As for the use breakdown of 205,238 tons of above-ground inventory, jewelry accounts for 46%, privately owned gold bars, coins and ETFs account for 22%, the central bank accounts for 17%, and other uses such as electronics, dentistry and aerospace account for 15%. It is estimated that as much as 80% of the newly mined or recycled gold is used for jewelry manufacturing.

　　Looking forward to the future of gold, it needs to be clear that Elston is not interested in the factors that may affect the short-term price performance of gold. They are essentially emotional-driven and unpredictable. In addition, compared with the long-term possible percentage change, the short-term performance is insignificant.

　　In other words, the really important factors are those related to basic supply and demand. They will determine the long-term performance of inflation-adjusted gold prices. For example, whether it will increase by 300% or decrease by 75% in the next decade. In his view, this is exactly what the market should pay attention to, not whether the nominal price of the US dollar will fall below $1,500 in the next few weeks.

　　As mentioned above, the annual gold production has been declining and has been flat since 2016. Environmental problems limit the potential of new discoveries. The progress of mining technology is related to the use of unmanned aerial vehicles, virtual reality, self-driving cars and blasting optimization. They didn’t, in fact, solve the basic law in a meaningful way, that is, the deeper you want to dig, the more energy you need.

　　Although 75% of the annual gold demand is met by mining gold supply, the shortage is made up by recycling, mainly jewelry. In the short term, the supply of recycled gold is sensitive to the price of gold. In addition, the dynamics behind the basic supply of recycled gold are unlikely to change significantly.

　　About 6000 years ago, the first known use of gold was as decorative beads. It is hard to see how this established popularity will fundamentally change. According to the data of the World Bank, since 1971, the real GDP of the world has increased by 3.1% every year, while the appreciation trend of the real gold price in the same period is 1.7% every year. Generally speaking, in the past 50 years, the world’s real GDP has increased by 360%, which is 130% higher than the real gold price. In other words, the rise of gold prices in the past 50 years has been supported, proved and explained by the growth of global wealth.

　　In recent years, the net purchase of gold by central banks has been quite stable, with an average of about 500 tons per year. The use of gold, whether as jewelry or as a means of value storage, is inseparable from its chemical characteristics. Therefore, it seems unlikely that central banks will lose interest in holding physical gold in their vaults in the near future or even the distant future. Net purchases may vary from quarter to quarter, sometimes very different, but the long-term trend seems to have been established.

　　The demand for private investment in gold is probably the most interesting of the four main sources. Its utility as a private value store is similar to that of the central bank, that is, it is related to its chemical properties. However, economies of scale make it expensive and/or risky for private individuals to store gold at home, so most people hold gold in paper form, that is, certificates and ETFs. Proponents of cryptocurrency have seized this obvious inefficiency, claiming that things like bitcoin should be regarded as digital gold, thus invalidating the current utility of gold as a private sector value store.

　　The use of gold as jewelry and storage of private and public values is inseparable from its chemical characteristics, in other words, the demand for gold bars goes hand in hand with the demand for jewelry. Bitcoin and other cryptocurrencies don’t have such basic attributes, and they never will. A USB flash drive storing encrypted access codes is unlikely to be worn as jewelry. Unless, of course, they are made of gold.

　　Elston said that the most interesting reason for the demand for private investment is that in difficult economic times, gold may be sold to buy more necessities, thus putting downward pressure on prices. However, in the severe economic difficulties, due to high inflation, people lose confidence in legal paper money, and the demand for it as a means of value storage will increase.

　　He is not sure whether he wants to live in a world where gold has replaced paper money as the main currency, but this does not mean that economic difficulties will continue but increase gradually in the long run. For example, global temperature rise, war, famine and epidemic diseases will not lead to the appreciation of gold prices.

　　Describe the various ways of gold, namely, value storage, inflation hedging, safe haven and investment. As should be clear, value storage is something that actually keeps its value. Gold has always been a means of value storage, and its inflation-adjusted price has shown an upward trend in the past 50 years. However, if you bought gold in 1981, you are actually still underwater. In other words, the actual decline of gold may exist and has existed for a specific period of several decades.

　　The reputation of gold as an inflation hedge tool was established in 1970s, 1980s and 1990s, but the relationship has not been obvious since then. It is true that in naughty times, when inflation fell, the real price of gold rose by more than 400%. Therefore, Elston is not sure whether the argument that gold is an inflation hedging tool is valid, except in severe economic difficulties, such as the use of hyperinflation in Germany.

　　Is gold a safe haven, that is, defensive? In other words, when risky assets such as stocks and high-yield bonds perform poorly, does it perform well? Similarly, there is no real evidence that this is indeed the case. It has not performed well this year, which is a period of poor performance of risky assets.

　　Finally, Elston never considered physical gold as an investment. This is because physical gold is different from stocks, bonds or property, and the former does not actually generate income. It is more similar to cash, and the portfolio allocation of physical gold should be regarded as a cash substitute. He finally stressed that this does not mean that high cash distribution is appropriate, and gold should be more popular as cash than legal tender.

　　CCTV News:The National Health and Wellness Commission held a press conference on December 2 to introduce the prevention and treatment of respiratory diseases in winter and answer media questions.

Xinhua News Agency: Vaccine has played a key role in the prevention and control of influenza. At present, influenza has entered the high season. Is it too late to vaccinate now?

Wang Dayan, Director of National Influenza Center, Institute of Virology, China CDC:Among the prevalent respiratory diseases, influenza, COVID-19 and pneumococcal infection all have corresponding types of vaccines. The influenza vaccine has been used in the world and China for decades. Scientific research and vaccination practice have fully proved that the influenza vaccine is safe, effective and a mature vaccine. Influenza vaccination can effectively reduce infection, even if it is infected, it can also reduce the incidence, and even if it is infected, it can also reduce the severity of the disease.

At present, it is the high season of influenza, and it is still effective to vaccinate people who have not been vaccinated with influenza before. It is recommended that you vaccinate with influenza as soon as possible. Here, I especially point out that people over 6 months can be vaccinated with influenza, especially for high-risk people such as children, the elderly and patients with chronic diseases. After being infected with influenza, the risk of severe illness is higher. Vaccination with influenza can effectively reduce the risk of developing into severe illness and death. I hope everyone will actively vaccinate.

Practice at home and abroad has proved that the use of vaccine is one of the most economical and effective preventive measures, and the vaccine is safe. As long as it is vaccinated in professional institutions as required, it can have good results, especially for the elderly and children, and should actively vaccinate against influenza to ensure the normal pace of life and study.