Beijing Medical Insurance Fa [2023] No.1

District medical insurance bureaus, finance bureaus, health and wellness committees, social undertakings bureau of Beijing Economic and Technological Development Zone, financial audit bureau, and relevant designated medical institutions:

　　In order to conscientiously implement the decision-making arrangements of the CPC Central Committee, the State Council, the Municipal Party Committee and the Municipal Government, according to the requirements of the Notice of the National Medical Insurance Bureau, the Ministry of Finance, the National Health and Wellness Commission and the National Disease Control Bureau on Optimizing the Relevant Policies of Medical Insurance for Infected Patients in novel coronavirus after the Implementation of "Class B Management" (No.1 [2023] of Medical Insurance), and to ensure that the people can smoothly spend the peak period of infection, it is decided to optimize and adjust the relevant policies of medical insurance in this Municipality. Relevant matters are hereby notified as follows:

　　First, optimize the medical insurance payment policy and improve the level of reimbursement for medical treatment at the grassroots level.

　　Novel coronavirus infected patients in all admitted medical institutions, in line with the novel coronavirus infection diagnosis and treatment plan formulated by the health department of hospitalization medical expenses, the implementation of the upfront cost guarantee policy, by the basic medical insurance, serious illness insurance, medical assistance, etc. in accordance with the provisions of payment, the personal burden of part of the financial subsidies, the required funds paid by the financial sector in advance, the central government according to the actual cost of 60% subsidies. This policy is based on the time of admission of patients and will be implemented until March 31, 2023.

　　Cooperate to promote the implementation of graded diagnosis and treatment, guide patients to seek medical treatment at the grassroots level, and ensure stable and orderly medical services. According to the actual situation of this Municipality, we will increase the support for bringing village clinics and community health service institutions in rural areas into the designated medical institutions for medical insurance in this Municipality, and sign an agreement on temporary designated medical institutions with interested village clinics and community health service institutions in rural areas. Encourage medical institutions to supply novel coronavirus infection treatment drugs in the medical insurance drug list (including temporary supplements in this Municipality). For the insured patients with novel coronavirus infection and 11 kinds of suspected symptoms (see Annex for details) in the designated medical institutions at the second level and below in this city, special guarantee will be implemented for outpatient and emergency expenses, with no deductible line and capping line, and the reimbursement ratio will be 90%, which will be implemented first until March 31, 2023.

　　Due to the increased expenses paid by the medical insurance fund due to the adjustment of reimbursement ratio, the medical insurance department automatically made up the difference through the information system in April according to the medical information of the insured patients uploaded by the medical institutions, and directly allocated the difference-making expenses to the entrusted bank account bound by the insured, and the insured did not need to declare.

　　The outpatient and emergency expenses of novel coronavirus infection treatment for insured patients in other medical institutions shall be implemented in accordance with the medical insurance policies for other Class B infectious diseases.

　　Two, the implementation of temporary medical insurance drug list, to meet the needs of patients.

　　According to the "novel coronavirus Infection Diagnosis and Treatment Plan" issued by the National Health and Wellness Commission and the State Administration of Traditional Chinese Medicine, the temporary payment policy for novel coronavirus treatment drugs in the plan will be implemented until March 31, 2023. With the consent of the State Medical Insurance Bureau, the drugs identified by the joint prevention and control mechanism in this Municipality for treating novel coronavirus infection will be temporarily included in the list of medical insurance drugs in this Municipality, and will be implemented first until March 31, 2023.

　　Third, do a good job in the "internet plus" medical insurance service to help patients with online diagnosis and treatment

　　The administrative department of health shall promptly publish the list of medical institutions providing Internet diagnosis and treatment services, provide mobile payment and settlement services for patients with symptoms related to novel coronavirus infection and meeting the Guidelines for Home Treatment of Covid-19 Infected Persons, and the medical insurance department shall support the price policy of Internet first-visit medical services according to the principle of online and offline consistency, and the reimbursement standard is consistent with offline. The follow-up service for infection-related symptoms in novel coronavirus is still implemented according to the current reimbursement policy for follow-up visits on the Internet.

　　Fourth, improve the price formation mechanism and enhance the ability of medical insurance.

　　We will continue to do a good job in price negotiation or consultation, centralized procurement, online procurement, filing procurement and price monitoring of drugs needed for the treatment of infected patients in novel coronavirus, so as to reduce the treatment cost of infected patients in novel coronavirus. Combined with the actual operation of the medical insurance fund, the medical insurance department promotes the implementation of the policy as a whole and scientifically determines the scope and level of protection, which not only reasonably reduces the burden on the masses, but also ensures the safety and sustainability of the medical insurance fund. On this basis, the medical insurance fund does not meet the expenditure, and the financial department will give appropriate subsidies.

　　Five, optimize the medical insurance handling process, provide convenient medical insurance services.

　　We will continue to provide convenient medical insurance services, implement the long-term prescription medical insurance payment policy, and implement online routine medical insurance handling, timely emergency handling, private special matters, delayed non-urgent matters, and eliminate hidden dangers. According to the needs, and belong to the municipal health department to determine the scope of medical institutions that provide Covid-19 infected patients with the ability to treat novel coronavirus infection, non-medical insurance designated medical institutions signed the Temporary Special Agreement on the Settlement of Medical Insurance Expenses of novel coronavirus Infected Patients, guiding all kinds of medical institutions to do a good job in the collection and uploading of information related to novel coronavirus infection diagnosis and settlement, and the settlement of medical insurance expenses. Give full play to the handling power and promote the sinking of services. Agencies at all levels should cooperate with relevant departments to do a good job in health promotion in rural areas and urban communities, popularize knowledge of epidemic prevention and control, raise people’s awareness of self-protection, and earnestly ensure that medical insurance management is not loose and medical insurance handling services are uninterrupted. All designated medical institutions should diagnose the new coronavirus infection and 11 kinds of suspected symptoms, accurately express the diagnosis information and upload it in time.

　　Sixth, strengthen departmental coordination and linkage to ensure that policies are effective.

　　The implementation of "Class B management" for novel coronavirus infection is an important decision made by the CPC Central Committee and the State Council on the basis of comprehensive evaluation of virus variation, epidemic situation and prevention and control work in China. All relevant departments should improve their political stance and earnestly perform their duties. The medical insurance department is responsible for the audit and settlement of related expenses and strengthen fund supervision; The financial department is responsible for timely disbursement of financial subsidies; The health department is responsible for guiding medical institutions to do a good job in the identification, information registration and uploading of infected patients in novel coronavirus; The CDC is responsible for uploading information and data of infected patients in novel coronavirus. Strengthen coordination and linkage to ensure that the decision-making and deployment of the CPC Central Committee and the State Council are fully implemented.

　　This notice shall come into force as of the date of the implementation of the "Class B tube" for novel coronavirus infection.

Beijing Municipal Medical Security Bureau　　　　

beijing finance bureau　　　　

Beijing Municipal Health and Wellness Committee　　　　

January 7, 2023　　

　　The Beijing Housing Provident Fund Center recently released the hot questions of the 12329 hotline. In this group of "business questions and answers", there is a more detailed description of whether you can apply for withdrawal of provident fund when buying a house outside the administrative area of Beijing with a loan and how to withdraw the provident fund when buying a house outside Beijing.

　　Beijing Housing Provident Fund Center said that if commercial bank loans and off-site housing provident fund loans are used to purchase houses outside the administrative area of Beijing, the paid employees and spouses should have no record of purchasing houses within the administrative area of Beijing and can apply for withdrawal if certain conditions are met. In addition, if there is no self-owned housing in the administrative area of Beijing, you can also apply for housing provident fund withdrawal without a rental contract and invoice. You can withdraw it once a month at the standard of 1,500 yuan every quarter, and you need to reapply after one year of withdrawal.

　　Purchase

　　It is necessary to meet the conditions that the depositor and spouse have no room in Beijing.

　　The Beijing Housing Provident Fund Center said that if you use loans from commercial banks and loans from housing provident funds in different places to purchase houses outside the administrative area of Beijing, the employees and their spouses who have paid in should have no record of purchasing houses in the administrative area of Beijing, and they can apply for withdrawal if they meet one of the following conditions: First, buy houses in the province where their ID cards and household registration books are located; Second, the depositor and his spouse have no house in Beijing, and buy houses in Tianjin and Hebei Province or houses where relatives are located (such as grandma’s house).

　　It should be noted that there is a big principle in both cases of purchasing houses outside the administrative area of Beijing — — Deposited employees and spouses should have no record of purchasing houses within the administrative area of Beijing.

　　Two kinds of application extraction methods

　　The first method: housing provident fund online business system application, counter settlement.

　　Log in to Beijing Housing Provident Fund Network, click "Personal Online Business Platform" on the right, enter "Personal Online Business Platform (Beijing Center)", click "Registered User Login" and log in with registered account and password. Employees who log in for the first time need to register as registered users. After logging in successfully, complete the extraction application according to the following steps.

　　Step 1: Select the extraction items and enter the extraction information.

　　The applicant clicks "I want to withdraw" on the left side of the page, and then clicks "Withdraw Application" in the "Withdraw Provident Fund" tab to enter the withdrawal application interface. Click "Use commercial bank loans and use off-site housing provident fund loans to purchase housing outside the administrative area of Beijing and apply for housing provident fund withdrawal" in the new event application list to enter the event application page, and the system will automatically display the basic information of users. After selecting "payee’s co-branded card bank", the system will automatically display the corresponding co-branded card number. Enter the loan contract number, location of the purchased house, date of loan, repayment period, loan amount and purchase amount.

　　Step 2: Personal authorization and commitment.

　　Applicants should carefully read and check the Personal Information Verification Authorization and Commitment Letter, and click the "Submit" button, and the system will display that the submission is successful.

　　Step 3: Submit the application and print the receipt.

　　The applicant clicks "Print Receipt" to print the business receipt of this application, and clicks "OK" to complete the application. Submit the printed application business receipt and relevant materials prompted by the system to the unit manager (with the original ID card) to any management department or the entrusted bank agency for on-site handling. If you need to inquire about the business handling institution, click "handling outlets".

　　The second way: through the housing provident fund business counter.

　　The unit manager must hold the original ID card and extract the materials provided by the applicant to any management department or entrusted bank agency of Beijing Housing Provident Fund Management Center. Extracting the materials provided by the applicant is: (1) extracting the original ID card of the applicant; (2) Original uniform invoice or deed tax payment certificate (second-hand house) for sales of real estate; (3) The original loan contract; (4) If the county and city where the house purchase address is located are inconsistent with the ID card, the original household registration book is also required; (5) Fill in the Application Form for Using Commercial Bank Loans and Using Off-site Provident Fund Loans to Purchase Houses Outside the Administrative Region of Beijing and Withdraw Housing Provident Fund (Table 107 of Housing Provident Fund). The counter staff returned all the materials on the spot after verification, retained the application form for housing provident fund and entered it into the system according to the contents filled in, and initiated a "personal credit inquiry" to the Credit Information Center of the People’s Bank of China. 2-3 working days after the feedback query results are consistent, for the applicant to extract; The staff with inconsistent results will inform the applicant or the unit manager by telephone.

　　renting a house

　　You can also withdraw the provident fund without a rental contract and invoice in Beijing.

　　According to the recent hot questions of hotline 12329 issued by Beijing Housing Provident Fund Center, if there is no self-owned house in the administrative area of Beijing, you can also apply for housing provident fund withdrawal without rental contract and invoice, and withdraw it once a month at the standard of 1,500 yuan, and you need to reapply after one year of withdrawal.

　　Two kinds of application extraction methods

　　The first way is to apply through the online business system of housing provident fund.

　　Log in to Beijing Housing Provident Fund Network, click "Personal Online Business Platform" on the right, enter "Personal Online Business Platform (Beijing Center)", click "Registered User Login", and log in with registered account and password. Employees who log in for the first time need to register as registered users. After logging in successfully, complete the extraction application according to the following steps.

　　Step 1: Select the extraction items and enter the extraction information.

　　The applicant clicks "I want to withdraw" on the left side of the page, and then clicks "Withdraw Application" on the "Withdraw Provident Fund" page to enter the withdrawal application interface. Click "Rent Application and Withdraw Housing Provident Fund" in the new event application list to enter the event application page, and the system will automatically display the basic information of the user. After selecting "Payee Joint Card Bank", the system will automatically display the corresponding bank card number. Select "No self-owned house (1,500 yuan per month)" in the "Rental Type" item.

　　Step 2: Personal authorization and commitment.

　　Applicants should carefully read and check the Personal Information Verification Authorization and Commitment Letter, and click the "Submit" button, and the system will display that the submission is successful.

　　Step 3: Submit the application and print the receipt.

　　The applicant clicks "Print Receipt" to print the business receipt of this application, and clicks "OK" to complete the application. Submit the printed application business receipt and relevant materials prompted by the system to the unit manager for on-site handling at any management department or entrusted bank agency.

　　The second way: through the housing provident fund business counter.

　　The unit manager must hold the original ID card and extract the materials provided by the applicant to any management department or entrusted bank agency of Beijing Housing Provident Fund Management Center.

　　Extracting the materials provided by the applicant is: (1) extracting the original ID card of the applicant; (2) Extract the "Application Form for Extracting Housing Provident Fund from Renting" that the applicant has filled out.

　　Text/reporter Zhu Kaiyun

　　BEIJING, April 28 (Xinhua) According to Hong Kong’s Ming Pao, since the beginning of the last century, Hong Kong has produced more than 10,000 films, of which 4,000 have become the collections of the Hong Kong Film Archive. In 2019, the Hong Kong Budget allocated HK$ 20 million, which enabled the Film Archive to digitize an additional 30 films each year. The museum revealed that 10 of them will be digitized in the first year after the grant, including Bruce Lee’s early films and Huang Feihong’s film series, which are expected to be released to the public as soon as 2020-2021.

　　Yang Kexin (left), director of the Hong Kong Film Archive, said that he has been collecting film from different sources, and the collection now covers 4,000 films. . Image source: Hong Kong Ming Pao/photo by Zhong Linzhi

　　Digital movies contain martial arts, detective, horror and other themes.

　　Yang Kexin, director of the Film Archive, said that the digitized films mainly came from the 1950s and 1960s, and most of them had only one copy or negative, hoping that digitization could preserve these orphan copies.

　　In 1950s and 1960s, Hong Kong’s film industry flourished. In the first year after the film archive was funded, many digital films were produced during this period. Ten films included Bruce Lee’s early films, Kwan Tak-hing’s Huang Feihong series, Chen Baozhu’s "Jane Bond Film" and "Ghost Talented Director" Gongliang Yang’s horror films.

　　Yang Kexin said that most of the films digitized after the grant were orphans, and many of them were never shown after being collected. "If you get a copy, you will try not to use it, because every time the film is broadcast by the projector, it will inevitably be worn out.".

　　Yang Kexin said that he has been collecting films from different sources. In recent years, the most important batch came from a San Francisco theater, which was Hong Kong film before the 1930s and 1940s, and it was a very important cultural heritage.

　　She said that among the 4,000 films, about 170 films have digital versions. In the past, 20 films could be digitized every year. After funding, more manpower and resources can be increased, and 30 more films can be made every year. "The goal is that 1/10 of the collections will have digital versions in five years."

　　Hire young technicians to inherit the film restoration technology

　　The film should be preserved, and the technology of repairing film and film repair should also be passed on. Before the film is digitized, it is necessary to check whether the film is damaged. Yang Kexin said that film repair is a professional technology. At present, several technicians in their twenties and thirties joined the museum two or three years ago, and some of them were "laymen". Only after they joined the museum did they learn from Master to check and repair damaged films.

　　After the film is digitized, it may need to be digitally restored to improve the quality of sound and pictures. Yang Kexin said that unlike commercial restoration, the restoration in the museum is based on the principle of restoration, "it will not be better than the released version of that year".

　　Yang Kexin said that the film archive will study whether it needs to be expanded, but it is a long-term plan. "We need to consider whether more people and more places are needed to place the collections, but this needs to be linked to the growth of the collections." The space of the data library is limited, so it is not necessary to expand the scope of the museum. We can also find warehouses outside the museum to store the collections.

Is the "Four-Party Alliance on Chip" established? What are the impacts on China?

"Four-party Chip Alliance" is an idea put forward by the United States in March this year. The United States hopes to set up a chip alliance composed of the United States, Japan, Taiwan, China and South Korea to realize a closed-loop chip production and exclude mainland enterprises. The idea of four-party alliance put forward by the United States has gathered four major countries and regions in the field of chip manufacturing in the world. Among them, the United States has long been in the leading position in the field of chips, while Japan and Taiwan, China also have their own advantages in parts and OEM, and South Korea also has unique advantages. If South Korea does not join, it is likely to be sanctioned by another three parties, and the domestic chip field will face a huge disaster.

The United States has long planned to set up a "chip quartet" to contain China.

This alliance can be regarded as version 2.0 of the Semiconductor Alliance of America (SIAC).

As early as May 11th, 20211, the American Semiconductor Alliance (SIAC) was officially announced.

This is a cross-industry alliance, which consists of semiconductor design and manufacturing enterprises and downstream customers who widely use semiconductors in products in important fields such as consumer and military.

At present, the alliance has 64 enterprise members, including Apple and AT&; T, Google and other technology giants also own chip design companies such as AMD, NVIDIA and Qualcomm, as well as chip manufacturers such as TSMC, Samsung, SKHynix and Infineon.

The Semiconductor Alliance of the United States does not accept Chinese mainland enterprises and has an obvious tendency of "excluding China".

However, it is still a business alliance in essence.

However, the "chip quartet" has obvious political color.

One of the most obvious signs is that this alliance is not divided by industry, but by country (region).

The so-called "quartet", that is, the United States, Japan, South Korea and Taiwan, China, has completely rejected Chinese mainland.

Chip quartet

This alliance is surprising, including almost the main participants in the chip industry, and can be called "the strongest alliance in the history of semiconductors".

According to ICinsights’ chip market research report, in the list of the top ten semiconductor companies in 2021, the United States monopolized seven seats, South Korea occupied two seats, and Taiwan, China occupied one seat, all within the alliance.

The four-party alliance covers the fields of chip research and development, production, sales and technology update, and basically realizes the closed loop of chip production.

The United States hopes to take this opportunity to exclude China from the semiconductor industry chain, thus curbing China’s chip development.

In March this year, the United States put forward the idea of establishing a "chip quartet" and planned to hold a meeting in August.

The meeting will be held soon, but South Korea is unwilling to make a statement.

Why doesn’t Korea want to get involved in this matter?

First of all, South Korea has invested a lot of money in the field of chips in Chinese mainland.

Not to mention other companies, just look at the investment and production capacity of Samsung Electronics and SK Hynix.

In 2021, the vice president of Samsung said that the investment in China has reached 46 billion US dollars (about 310 billion yuan).

In February, 2022, Samsung invested another 101 billion yuan to expand the second phase factory of Xi flash memory and build a 12-inch 3Dv-nand production line.

In terms of production capacity, the production capacity of Samsung Electronics Xi factory accounts for 42% of Samsung’s total flash memory production capacity and 15% of the global production capacity.

Samsung electronics Xi factory

From the perspective of SK Hynix, it has been deeply involved in the China market for more than ten years, with an accumulated investment of more than 20 billion US dollars (about 134.8 billion yuan), and plans to invest 2,394 trillion won (about 12.2 billion yuan) in Wuxi factory in the next three years.

SkHynix produces DRAM chips in Wuxi, accounting for 47% of the company’s total output of DRAM chips.

To sum up, Samsung Electronics and South Korea Hynix have invested more than 550 billion yuan in China.

Investing in China is about making money.

In China, Samsung Electronics and Hynix really made a lot of money.

If South Korea joins the "four-chip alliance" led by the United States, it will have to worry about what to do with the invested funds.

Second, China is Korea’s largest trading partner.

In 2021, in addition to investing in chip production in China, South Korea also exported memory chips worth $69 billion to China, accounting for nearly half of the export volume.

As far as international trade is concerned, China is the largest trading partner of South Korea.

According to the data released by Yonhap News Agency recently, China has been Korea’s largest trading partner for 18 consecutive years, with an absolute advantage of 25% in exports to China, ranking first in Korean exports.

What is the working principle of the chip and why it is difficult to build;

Chip is an integrated circuit, which is composed of a large number of transistors. The circuit can be manufactured on the surface of semiconductor chip for operation and processing. The development and supply of the first and second generation semiconductor materials in China are restricted by people, and the third generation semiconductor is an important way to improve the performance of integrated circuits in the post-Moore era. The working principle of the chip is to make the circuit on the surface of the semiconductor chip for operation and processing.

The first step of the chip is design.

Just like building a building, you must have a design before building it, so that your house will be built stably and safely. On this premise, you can make the layout of the building on the first floor more reasonable, the utilization rate is higher, and more people live in it. Then the design drawing is more recognized, and the house you built will be better.

Why is it so difficult to make a chip?

Making a chip is as difficult as creating a city, even more difficult than creating a city!

A series of China enterprises, such as Huawei ZTE, were sanctioned by chips, China tightened its belt to make chips, and by 2022, the whole world began to make chips crazily. This silicon wafer, which is almost the size of a thumb, makes the whole world crazy. So why is the chip so difficult to make? What is its principle and manufacturing process? Let’s find out! Whether it is smart wearable devices (smart watch bracelets), digital microwave ovens or refrigerators, more common mobile phones and computers, Internet of Things devices, etc., you can see the chip.

What is the essence of the chip: the chip is also called integrated circuit IC (generally referred to as large-scale integrated circuit). Generally, it is mainly a large-scale circuit system composed of transistors (semiconductor devices, diode triodes or various subdivided gate-level components). Now, the transistors in the mainstream mobile phone computer chips have reached tens of billions, and some even rose to hundreds of billions. So how can such a large-scale transistor circuit be placed on an area the size of a fingernail?

The primary product of the chip: wafer

The chip is mainly burned or placed on the wafer, and finally cut, and so on. We can look like a CD, place or carve something on each unit area of the CD, and finally cut it in unit area.

So what is a round chip?

Polysilicon is dissolved and doped with silicon crystals, and then it is precipitated by various technologies to form cylindrical monocrystalline silicon. Then the silicon crystal is grinded, polished and sliced to form a flaky product of the silicon wafer, that is, the wafer.

(General process from wafer fabrication to chip production)

Mask aligner-the mother embryo of the chip.

What is the principle of mask aligner? Mask aligner’s principle of preliminary treatment of round crystal is similar to that of general circuit board manufacturing, and a protective film on the wafer surface is removed by using a designed template. Then, the wafer is soaked in the designed etching solution, and the part that lost the protective film is etched away to form the circuit we need. Then the impurities remaining on the wafer surface are washed with pure water. Among them, the exposure machine is a device that uses ultraviolet rays to remove the protective film on the wafer surface through the template. Then in the end, we can think of mask aligner as how to map the design drawings on a circular wafer with a unit area. It can be seen how complicated and delicate the manufacturing process is.

photoetching machine

What are the commercial chip manufacturing companies at present?

The most famous is TSMC in Taiwan, China: a manufacturer of integrated circuits and wafers, and most of a series of technology companies like Apple, Huawei and Qualcomm are actually manufacturing in TSMC.

South Korea’s Samsung Company: Samsung also has its own foundry, and its own chips, including those of other companies, can be produced in Samsung. However, some people in the industry think that there are still some gaps in the production process between Samsung and TSMC, so TSMC accounts for a larger proportion.

Samsung Semiconductor and TSMC

However, no matter how great the international scientific and technological situation changes, Chinese can always find a way to deal with it. It is believed that the country will occupy an important position in the cutting-edge chip in the near future with strong basic science and scientific research strength.

In fact, from the process of wafer production, we can see that it is very difficult to make chips, and the process and technology of wafer production cover a series of disciplines such as materials science, optics, crystallography, process flow, automation and so on, which shows that it is very difficult. In fact, wafer fabrication is not the most difficult in the whole process of the chip! Chip architecture design: since the chip is compared to building a city, then the wafer just bulldozes the land. How to plan and create a city is the most difficult!

The Soul of Chip-Chip Architecture Chips are not all the same. Different architectures (design drawings) have different types of chips, just like the selection of cities, whether inland cities or coastal cities. These cities are divided into transportation hub cities or port cities, etc. Different chip architectures have different chip design requirements and manufacturing processes. At present, the mainstream chip architecture is arm architecture and Intel’s X architecture. ARM is mainly used in embedded systems (including mobile phones, embedded computers, Internet of Things devices, etc., Huawei Kirin processors, and Apple A and M series chips all belong to ARM architecture). Intel chips are mainly desktop processors, which are mainly produced for various computers, but also some embedded chips and other types of chips. To sum up, the chip architecture is very important, and the knowledge involved in designing the chip architecture is also very much: mathematics (especially the mathematical analysis of matrix theory, applied mathematical model-operational research, etc.), not to mention physics (circuit analysis-analog circuit digital circuit, automatic chemistry, heating modeling of nonlinear system, etc.), computer science (studying its clock frequency, pulse signal, instruction set and other issues) and so on. So how do you put the chip architecture on the wafer? This is the core problem of chip making, just like how to build the city on the drawing!

　　Stock trading depends on Jin Qilin analyst research report, which is authoritative, professional, timely and comprehensive, and helps you tap the potential theme opportunities!

　　Source: Yema Finance

　　What happened to "the first share of new energy garden machinery"?

　　The first report card after listing made investors very dissatisfied.

　　On January 31, 2024, Gree Bo released a performance forecast, saying that the company expects its operating income to be 4.6 billion yuan to 4.7 billion yuan in 2023, down 9.8% to 11.7% in the same period; It is estimated that the net profit returned to the mother will be a loss of 370 million yuan to 430 million yuan, a year-on-year decrease of 239.1% to 261.7%; It is estimated that the non-net profit will be a loss of 300 million yuan to 360 million yuan, down 235.7% to 262.9% year-on-year.

　　The year of listing was a huge loss, which immediately attracted the attention of Shenzhen Stock Exchange. On February 6, Shenzhen Stock Exchange sent a letter of concern to Gree Bo, asking Gree Bo to explain the specific impact of downstream retailers’ destocking on the company’s income; Rationality of the decline in gross profit margin; The reason and rationality of the increase in sales expenses.

　　Source: Screenshot of Gree Bo Announcement

　　In this regard, many investors said that "listing will be a huge loss, a problem company!" "It’s been falling every day this month, but it’s still falling and not rebounding", "Doubtful life of falling", etc., and some investors questioned Gree Bo’s "fraud".

　　Source: screenshot of the stock bar

　　Moreover, according to the statistics of the media "Deepwater Finance and Economics", among the 1,072 listed companies that have issued advance notices, only 10 will be listed in 2023, of which 3 will reduce losses and 5 will increase losses. Among the 2 pre-losses, except those listed on the North Stock Exchange,(830809.BJ), Gree Bo is the only company that lost money in the first year of listing.

　　In 2019 and 2020, Gree Bo also has a net profit growth rate of over 200%; A year ago, with the aura of "the first share of new energy garden machinery", Gree Bo successfully went public with a gross profit margin and price-earnings ratio much higher than that of the same industry. What happened to Greebo in just one year?

　　Where is the loss?

　　In fact, Greebo’s losses have long been warned.

　　On February 8, 2023, Greebo successfully landed on the founding board. The first quarterly report after the listing of Greebo showed a decline in revenue and net profit. In the first quarter of 2023, Greebo’s operating income was 1.551 billion yuan, a slight decrease of 0.77%. The net profit of returning to the mother was 87 million yuan, down 40.78% year-on-year.

　　By the second quarter, Greebo directly turned into a loss. According to the semi-annual report of Gree Bo in 2023, in the first half of 2023, the company achieved an operating income of 2.581 billion yuan, down 18.79% year-on-year, and the net profit attributable to the mother was a loss of 54 million yuan, down 121.24% year-on-year.

　　In this regard, Gree Bo explained that the main reason is that retail wholesalers gradually turned to the active destocking stage, which slowed down the procurement pace of suppliers and the sales of the company’s products declined. Moreover, in order to go out of stock, Greebo stepped up product promotion in stages and lowered the prices of some old products through discounts and other means. In the first half of 2023, the gross profit margin of Gree new energy garden machinery products was 25.26%, down 1.17% year-on-year.

　　Even if the demand of downstream suppliers weakens, it is necessary to go to stock by promotion. But Greebo still believes that this is a good time to grab the market.

　　"In order to seize the favorable position in the market and strive for greater profits in the future, the company increased its sales investment. In the first half of the year, the company continued to increase its brand building, the sales staff increased, the marketing expenses increased, and due to the increase of the company’s scale and inventory goods, the storage expenses also increased significantly year-on-year."

　　According to the semi-annual report of 2023, the sales expenses of Gree Bo were 398 million yuan, up 40.93% year-on-year.

　　Although Greebo spent a lot of sales expenses, it still failed to stop the downward trend of performance. By the third quarter of 2023, Greebo’s losses were further aggravated, with revenue of 3.468 billion yuan, down 16.93% year-on-year; The net profit of returning to the mother was-175 million yuan, down 186.58% year-on-year.

　　The trend of "falling endlessly" still failed to stop in the fourth quarter. The operating income in 2023 is expected to be 4.6 billion yuan to 4.7 billion yuan, down 9.8% to 11.7% year-on-year; It is estimated that the net profit returned to the mother will be a loss of 370 million yuan to 430 million yuan, a year-on-year decrease of 239.1% to 261.7%.

　　According to Greebo’s disclosure, the reasons for the decline in performance are similar to those in the first three quarters. Including: due to the destocking of downstream retailers, the company’s operating income decreased by 9.8% ~ 11.7% year-on-year; The decline in operating income and gross profit margin affected the company’s gross profit by 190-210 million yuan; Sales expenses, research and development expenses and management expenses increased by 270-290 million yuan year-on-year; Due to the sharp year-on-year decrease in exchange income, the company’s financial expenses increased by about 130 million yuan in 2023.

　　Is the loss reasonable?

　　The huge difference before and after listing has made many investors question whether Greebo is "fraudulent".

　　Source: screenshot of the stock bar

　　First of all, the "destocking" mentioned by Gree Bo in the financial report is indeed the key word of the whole industry of lithium battery OPE in 2023.

　　"After two consecutive rounds of restocking, the channel inventory of retailers in Europe and the United States reached a historical high, and the demand side began to cool down under the influence of the Fed’s continuous interest rate hike. Therefore, since 2022Q3, retail began to enter the destocking cycle, and the order placing speed slowed down, which was reflected in the decline in the order growth rate of domestic agents and brands at the upstream production end." Ji Xiangyang, a researcher at China Merchants Household Appliances, said.

　　However, knowing that downstream suppliers have gone to their own inventory and there is no high consumer demand, Gree Bo still chooses to spend a lot of sales expenses.

　　According to the semi-annual report of 2023, among the sales expenses, all the detailed items of sales expenses of Gree Bo almost doubled. Among them, wages and salaries rose from 75.47 million yuan to 97.49 million yuan, advertising and marketing expenses rose from 109 million yuan to 128 million yuan, and storage expenses rose from 41.68 million yuan to 87.66 million yuan.

　　Source: screenshot of annual report

　　Although on the record sheet of investor relations activities on September 4, Greebo said that there were three major sales expenses in the first half of the year, namely, personnel salary, marketing and warehousing. With the decline of inventory level, warehousing expenses will decline in the second half of the year.

　　However, in the third quarterly report, Greebo’s sales expenses increased by 26.66% year-on-year, due to the increase of sales channels, storage fees and brand building and marketing.

　　Unsurprisingly, the money was spent and failed to bring corresponding returns. In 2023, Gree Bo’s revenue, net profit and gross profit margin declined across the board.

　　In this regard, Gree Bo still blames the downstream suppliers. "Due to the destocking of downstream retailers, the company’s related investment did not achieve the expected revenue growth. In 2023, the company’s own brand business revenue was basically the same as that in 2022."

　　It is worth noting that before listing, Gree Bo’s sales expense ratio was lower than that of its peers, and its gross profit margin was higher than that of its peers, which shows that Gree Bo can obtain higher sales revenue and profits at a lower cost. However, after listing, this advantage of Greebo suddenly disappeared, which increased the sales expenses, but the gross profit margin fell to the average level of peers. From 2019 to 2022, and from January to June in 2023, the comprehensive gross profit margin of Gree Bo was 34.49%, 35.10%, 27.5%, 25.72% and 25.26% respectively.

　　Source: Screenshot of Prospectus

　　"If a company’s gross profit margin is high, it means that the competitiveness of its products is stronger than that of other companies in the same industry, and the company should have certain negotiating advantages in product sales. It can be inferred that the company’s sales expenses will not account for a high proportion of operating income. If the gross profit margin of the company is much higher than that of the same industry, and its sales expense ratio is also lower than that of the same industry, it is unreasonable; Similarly, if the company’s gross profit margin is much lower than that of the same industry and its sales expense ratio is higher than that of the same industry, it is equally unreasonable. " Ma Jinghao, an expert in finance and taxation, said.

　　On March 22nd, 2023, just one month after the listing of Gree Bo, Kelvin Cui, then the company’s chief financial officer, and Ji Zhenghua, the secretary of the board of directors, left their posts. Among them, Kelvin Cui has served as the chief financial officer, director and chief financial officer of Gree Bo since November 2018; Since December 2018, Ji Zhenghua has served as assistant to the chairman of Gree Bo and secretary of the board of directors of Gree Bo.

　　As of February 8, 2024, Gree Bo’s share price closed at 11.35 yuan/share, which was 63.21% lower than the issue price (30.85 yuan/share). The total market value has shrunk to 5.553 billion yuan.

　　Source: screenshot

　　The stock price fell to "knee"

　　Can the Master of Returnees "pull back a city" by increasing their holdings?

　　According to the Prospectus, Gree Bo was established in 2002, and has been engaged in research and development, design, production and sales of new energy garden machinery since 2007. It is one of the leading enterprises in the global new energy garden machinery industry.

　　The company mainly sells its own brands, and its products can be divided into lawn mowers, lawn mowers, cleaning machines, hair dryers, pruning machines, chain saws and intelligent mowing according to their uses., intelligent mounted mowing vehicle, etc. At present, there are brands such as greenworks and POWERWORKS under the company flag (Jin Qilin analyst).

　　The actual controller of the company is Chen Yin, the co-founder and chairman, who was born in 1973 and is 51 years old.

　　Chen Yin has rich working experience in foreign-funded enterprises. He studied in England and got a master’s degree. After that, he successively served as the product manager of Shanghai Biocy Gas Co., Ltd., a foreign-funded enterprise, and the general manager of Shanghai Star Jack Power Tools Department, a foreign-funded enterprise. Later, he also served as the general manager of the Asia-Pacific procurement center of Fiskars Group in Finland.

　　In 2016, Chen Yin, who has a foreign working background, also introduced an external investor from Germany-STIHL to Greebo. STIHL is a manufacturer of garden machinery and a customer of Greebo.

　　In 2020, Greebo was changed into a joint-stock company, and on May 21, 2021, it submitted the Prospectus on the Growth Enterprise Market of Shenzhen Stock Exchange. After nearly three years, Greebo went public on February 8, 2023. At that time, it was called "the first share of new energy garden machinery" by the outside world.

　　After listing, the performance of Greebo’s share price rose all the way. Its listing price was 30.85 yuan/share, the highest price reached 41.82 yuan/share on the first day of listing, and finally closed at 38.3 yuan/share, with a total market value of 18.62 billion yuan.

　　According to the third quarterly report in 2023, Chen Yin holds about 56.32% of the shares in Gree Bo. Based on this calculation, Chen Yin is worth 10.487 billion yuan.

　　Who knows, Greebo’s share price peaked when it went public. Only one month later, it "showed its original shape" and then it "sat on the slide" all the way. On March 14th, 2023, Gree Bo’s share price fell below the issue price, and the lowest price on that day was 29.17 yuan/share.

　　Chen Yin’s worth has also shrunk. According to the Hurun Report, Chen Yin made his debut in the 2023 Hurun Report with a net worth of 5.5 billion yuan.

　　Source: screenshot of Hurun Report

　　Galaxy Securities said that the deduction of new shares breaking tide is directly related to the price-earnings ratio of initial public offering. According to the Prospectus, the initial price-earnings ratio of Gree Bo is over 63 times, which is significantly higher than the industry’s price-earnings ratio of 33 times. According to wind data, as of February 7, 2024, the static P/E ratio of Gree Bo was 18.09 times.

　　Source: screenshot of straight flush

　　Faced with this situation, on February 6, 2024, Gree Bo released an increase plan. According to the announcement, GHHK, the controlling shareholder of the company, or Chen Yin, the chairman of the company, intends to increase the company’s shares within six months. The planned amount of this increase is between 25 million yuan and 50 million yuan.

　　However, can Chen Yin, a master of returnees, "stop" the falling stock price by increasing his holdings?

　　What do you think of Greebo’s "performance change" in its first year of listing?

An ecological farm built on the river bank, in the form of quadrangle dwellings, has green grass in the yard, and a sewage pipe is connected from the kitchen behind the yard to the river. Reporter Bai Tiantian photo

　　Imagine a family driving to an ecological farm far away from the city on a weekend, experiencing country life and tasting delicious farmhouse food. How do you feel when we leave comfortably, but leave behind the black and smelly wastewater that is directly discharged into farmland and rivers?

　　Nowadays, all kinds of farmhouses and ecological farms are blooming everywhere, becoming the hot spots of rural tourism. Half-monthly reporters have recently conducted field investigations in many places and found that many farmhouses have outstanding problems of "front door ecology and back door sewage discharge", and pollution prevention and supervision are lagging behind. Some farms that flaunt "ecology" are not worthy of the name, and the sewage discharge place has become a stinking ditch, and the lampblack discharge place has become a "black land".

　　Ecological farms are not necessarily "ecological", and waste water and oil are discharged at will.

　　Pastoral scenery, green ecology, native dishes … … This is a "propaganda language" played by many farmhouses and farms. Recently, a semi-monthly reporter walked into an ecological farm built on a river bank in a county in Dongting Lake area. The farm is a courtyard house with more than 10 boxes, green grass in the yard, cool breeze on the terrace near the river and pleasant environment. Walking through the yard to the back of the kitchen, you can see a 4-meter-long, covered with blue colored steel tiles, and some hidden pipes lead directly into the river. The water flowing out of the pipe is obviously dirty.

On a farm around a county town, kitchen sewage and waste were discharged into a small pond for a long time, filled with black or yellow wet and sticky dirt, next to a rice field and an irrigation canal. Reporter Bai Tiantian photo

　　In this regard, the farm staff disapprovingly said: "The sewage in the kitchen is discharged like this, and it is washed away as soon as it rises."

　　A farm close to a county town, the scene of sewage discharge is even more shocking. When the reporter asked the farm owner for half a month, how to discharge the sewage? The female boss’s answer is: "We discharged into the sewer." But when the reporter went to the back of the kitchen, a bad smell came head-on, and I saw a small pond next to it, full of black or yellow wet and sticky dirt. On one side of the pond, there are paddy fields and an irrigation canal — — It turns out that this is the so-called "sewer".

　　In another mountainous town, the annual spring flower viewing season is the tourist peak season, and tourists come here in an endless stream. A farmhouse named "Central Local Restaurant" has a reception capacity of more than 20 tables. Half a month, the reporter saw that the oil pollution, dishwashing water and toilet sewage of this farmhouse lampblack machine all merged into the next canal. The farmhouse is surrounded by farmland, and the early rice is growing green. These blackened wastewater turns into irrigation water and flows into the fields.

　　Similar pollution phenomenon is not a case. A person in charge of the environmental protection department said frankly that in the current rural environmental pollution, the wastewater, exhaust gas, lampblack and solid waste from farmhouses and farms are important sources of pollution. "Many farms are directly discharging pollutants in order to maximize their interests."

A farmhouse that focuses on "local dishes", the kitchen waste water is directly discharged into the canal behind the house, forming a black greasy dirt for many years. Reporter Bai Tiantian photo

　　Shuguang Environmental Protection is a non-governmental environmental protection public welfare organization in Hunan. This year, they launched a survey on the water pollution in farmhouses. Tan Yongchao, director of water project, said that at present, his team members have visited more than 20 farmhouses on the spot and found that toilet sewage is generally treated by septic tanks, while most kitchen wastewater is "directly discharged".

　　In April, Shuguang Environmental Protection conducted a sampling inspection of wastewater samples from the outlet of an ecological farm around Changsha. The test items included suspended solids, chemical oxygen demand, total phosphorus, total nitrogen and ammonia nitrogen. According to the test report, if compared with the pollutant discharge standards of urban sewage treatment plants, many indicators of the samples seriously exceed the standard. For example, the chemical oxygen demand (COD) is 373 mg/L, which is more than seven times that of Grade A standard and three times that of Grade III standard.

　　"I pollute but I don’t control it", and environmental protection can only rely on "awareness"?

　　During the tourist season or weekends and holidays, some farmhouses and ecological farms are bursting with popularity, and operators earn a lot of money. But when it comes to environmental protection, they often "have nothing to do with themselves and hang high", and the prevention and control of pollution can only rely on "awareness".

　　In the interview, farmhouse operators generally showed two typical mentalities. One mentality is that "the law does not blame the public." An eco-farm owner pointed to the pipeline leading directly to the village canal and said without hesitation: "Sewage is directly discharged into the canal without treatment. In rural areas, everyone does this and it has no impact."

　　One mentality is "I pollute and the government pays". After a half-month talk, reporters asked a number of operators and found that they generally lacked the concept of "who pollutes, who governs", and thought that pollution control is a matter for the government. The owner of the farm near the county said that it would cost thousands of dollars to remove waste water and waste oil once, which was not cost-effective, and should be paid by the government. Before the village dredged the canal, she didn’t clean the sewage pond of her farm by the way, and she still complained about it.

In a village famous for enjoying flowers in spring, the oil pollution, dishwashing water and toilet sewage of a farmhouse lampblack machine in rice fields are "three in one", and the blackened wastewater is directly discharged into the irrigation canal. Reporter Bai Tiantian photo

　　On the other hand, some places lack restraint and supervision on the pollution of farmhouse music. A person in charge of the local environmental protection bureau said that in the past, rural environmental improvement focused on "visible garbage" and carried out cleaning projects for villages, schools and roads, but not enough attention was paid to the "root cause" of air, water and soil pollution. According to the regulations, environmental impact assessment should be carried out in the construction of ecological farms, but the local area is basically blank.

　　In 2017, the Environmental Protection Bureau of Linyi County, Hunan Province investigated an ecological farm project and found that it was built without going through the EIA approval procedures, put into operation without supporting pollution control facilities, and made administrative penalties. However, similar cases are rare. Most of the farm operators interviewed by reporters in half a month said that they did not conduct environmental assessment, and the inspection of environmental sanitation rarely involved smoke exhaust, drainage and exhaust.

　　Relatively speaking, star farms have done a good job in environmental protection. In a five-star farm with an area of more than 80 mu and an investment of tens of millions, facilities such as sewage purification tanks and fume purifiers are readily available, designed and installed by professional environmental protection companies. The owner of the farm said that the star rating has clear environmental protection requirements, so they conducted an environmental assessment and built pollution control facilities.

A five-star farm has done a good job in environmental protection, and built facilities such as sewage purification pond and lampblack purifier. Reporter Bai Tiantian photo

　　Farmhouse "blooms more", and environmental protection should also "keep up step by step"

　　With the rise of rural tourism and global tourism, farmhouses and ecological farms are showing the trend of "multi-point flowering". The reporter learned from the semi-monthly talk that in recent years, in key areas such as urban suburbs, reservoir wetlands and scenic spots, farmhouse music is gradually being brought into the scope of supervision and rectification, and environmental pollution problems have begun to spread to some remote counties and townships and emerging rural tourist spots.

　　Liu Shuai, director of the Supervision Department of the Environmental Protection Committee of Hunan Provincial People’s Congress, said that at present, pollution prevention and control of farmhouse music is well done in developed areas such as the Yangtze River Delta and around big cities, but it is still weak in many other places, which should be further paid attention to and strengthened management.

　　Liu Shuai believes that it is necessary to explore rural pollution control modes according to local conditions, such as building "upgraded versions" of constructed wetlands and septic tanks in villages with scattered populations. In the construction and operation of farmhouse music, the environmental impact assessment system should be implemented at the front end, and the departments of agriculture and tourism should be combined at the end to strengthen environmental law enforcement.

　　Wang Gaoliang, deputy director of the Environmental Protection Bureau of Hengyang County, said that this year, the local environmental protection department will focus on rural environmental improvement, requiring farmhouses to standardize the installation of lampblack and sewage treatment facilities, and promote the construction of four sewage purification ponds and "constructed wetlands+oxidation ponds" suitable for rural areas. The basic requirement is that they cannot be discharged directly. If the farmhouse fails to meet the environmental protection requirements, a rectification letter will be issued and penalties will be imposed.

　　Liu Hongli, Director-General of Shuguang Environmental Protection, suggested that the principle of "whoever pollutes should treat" should be adhered to for farmhouses and ecological farms. At the same time, the government can also introduce guiding measures, like remediation of aquaculture pollution, and give certain subsidies to the construction of pollution control facilities according to the scale of farmhouses, starting with newly-built farmhouses and star-rated farms, and then gradually solving the problem of stock pollution. (Talk to reporter Bai Tiantian for half a month)

　　Cctv news(Focus Interview): In a few days, the two sessions of the National People’s Congress will open. What achievements we have made in the past year and what new arrangements will be made in the future are of general concern to the society. The Spring Festival just passed in Jiachen was full of popularity and consumption. China’s economy can be said to be a bright start, which greatly increased people’s confidence. But the road of economic recovery is not easy for us. How to expand domestic demand, especially to make consumption better stimulate economic growth? While restoring the economy, how to better promote high-quality development in various fields? Over the past year or so, China has issued a series of powerful and effective policies. From February 29th, Focus Interview will launch a series of programs — — Accurate policy has achieved results. First of all, let’s pay attention to promoting consumption and grasping innovation. What is the effect?

　　The Year of the Loong Spring Festival, the consumer market ushered in a "good start".

　　Watch folk performances, enjoy lanterns and visit temple fairs … … A dazzling array of festival activities ignited people’s enthusiasm. If we use one word to describe the consumer market, I’m afraid the most suitable one is — — Fire!

　　Holiday consumption is an important window to observe the consumption trend. During the 8-day Spring Festival holiday, there were 474 million domestic tourist trips, up by 34.3% year-on-year. The total spending of domestic tourists increased by 47.3% year-on-year, and the box office of Spring Festival movies also reached a new high, reaching 8.016 billion yuan.

　　Dong Wei, Executive Vice President of Tsinghua University China Institute of Development Planning:"The consumption of this year’s Spring Festival holiday is hotter than expected, combining the traditional custom of going home for the New Year with travel consumption. The popularity of consumption during the Spring Festival also shows that on the one hand, China people are willing to spend; On the other hand, we can also provide support for various consumption scenarios. "

　　Behind the fiery holiday consumption is people’s longing for a better life, and it also hides huge consumption potential. However, the process of stimulating this potential in the post-epidemic era is not smooth sailing. At the end of last year, the Central Economic Work Conference pointed out that it is necessary to overcome some difficulties and challenges to further promote the economic recovery, mainly due to insufficient effective demand, overcapacity in some industries, weak social expectations, still many hidden risks, blockage in the domestic macro-cycle, and rising complexity, severity and uncertainty of the external environment.

　　Wei Zhang, Vice President of Research Institute of Ministry of Commerce:"The expected weakening of residents’ income will relatively lead to consumer demand or weakening consumer confidence; On the other hand, while consumers pursue more diversified and personalized consumption, consumption tends to be more rational. "

　　How to better expand domestic demand in the first year? The CPC Central Committee has made a series of decisions and arrangements, giving priority to restoring and expanding consumption. In 2023, the "Several Measures on Promoting Household Consumption" jointly issued by many departments, as well as measures to promote mass consumption of electronic products and automobiles, were introduced one after another. The financial sector introduced policies to help promote consumption, and the Ministry of Commerce also organized a series of activities to boost consumption, and tried every means to innovate products and services.

　　Wei Zhang:"Innovation is divided into many aspects, whether it is marketing innovation of operators, product innovation of producers, service innovation of service providers, etc., including scene innovation as a consumer carrier, all innovations are the most effective ways to stimulate consumption potential."

　　Last year, the National Development and Reform Commission issued the "Measures for Restoring and Expanding Consumption", also known as the "20 Articles" for promoting consumption, which proposed to lead and create new market demand with high-quality supply.

　　In the past few years, the cluster consumption of tourism and catering was the most affected, but it was also the most obvious recovery after the epidemic subsided. Since last year, in order to boost tourism consumption, all policies have focused on a "new" word. For example, create new scenes and create new experiences.

　　In this scenic spot in Xi ‘an, visitors can take the stage to interact with actors and take part in answering questions.

　　In this immersive tourist scene, tourists can not only wear tang style costumes to punch in and take photos, but also participate in a Tang drama, which is no longer just a spectator.

　　In 2023, all localities will continue to promote the deep integration of sports, music, special food and tourism, create new consumption hotspots, and make new progress in expanding digital consumption mentioned in the "20 Articles" on promoting consumption. The continuous maturity of new technologies is constantly giving birth to new formats and new products. During the Spring Festival in the Year of the Loong, the 3D UAV performance has become the "new favorite" of many scenic spots, and this performance is based on modern technology. Every UAV has to receive satellite positioning information accurate to nanoseconds, which requires powerful computing power.

　　Among the "20 Articles" to promote consumption, four are specifically aimed at expanding service consumption, including expanding catering service consumption and improving health service consumption. With the continuous upgrading of people’s consumer demand and the effective implementation of the consumption promotion policy, in 2023, China’s service retail sales increased by 20% year-on-year, 14.2 percentage points faster than the retail sales of goods, showing outstanding performance. In the future, service consumption still has a lot of room for growth.

　　Wei Zhang:"In terms of consumption itself, the increment lies in two ‘ New ’ In fact, it is either innovation from nothing to something. In fact, there is a shortage of service consumption from the original service consumption. With the development of economy and society, many new service consumption demands have emerged, which is part of the increase. There are still some increments, but the supply level can’t meet the growth of consumer demand well. The improvement of service supply capacity and level will also increase new service consumption demand. "

　　How to expand domestic demand in 2024? At the end of last year, the Central Economic Work Conference proposed to stimulate potential consumption, expand effective investment, and form a virtuous circle in which consumption and investment promote each other.

　　Dong Wei:"Through good investment, we will continue to lead and create new consumption hotspots. At the same time, through the driving role of consumption, we will also point out the direction for investment and make investment develop in a more rewarding direction. By constantly finding the combination between consumption and investment, we will promote the cycle between these two tasks and promote domestic demand to a new level as a whole. "

　　In January this year, the Ministry of Commerce and others jointly issued the Notice on Improving the Recycling System of Renewable Resources such as Waste Household Appliances and Furniture to further release the consumption potential of household appliances and furniture, and various localities and departments have also introduced a series of measures to further stimulate consumption vitality.

　　While promoting the recovery of consumption and investment and stabilizing economic growth, it is also an important direction for China’s high-quality economic development since 2023 to promote industrial innovation with scientific and technological innovation, especially to promote new industries, new models and new kinetic energy with subversive technologies and cutting-edge technologies.

　　During the Spring Festival this year, the highly anticipated C919 domestic large aircraft served Spring Festival travel rush for the first time.

　　C919 is the first jet trunk airliner with independent intellectual property rights developed by China according to the internationally accepted airworthiness standards. After years of research and development, on May 28th last year, C919 successfully completed the first commercial flight, and Chinese finally realized his "big plane dream", which also became an important achievement of China’s innovation-driven strategy.

　　However, at present, there are still some shortcomings in China’s scientific and technological innovation. In the future, if we want to stay behind in the new track of international competition and strive to achieve and run or even lead, we must firmly grasp the "bull nose" of independent innovation. In 2023, General Secretary of the Supreme Leader first put forward the concept of "new quality productivity", which pointed out the direction for us to cultivate new kinetic energy and shape new advantages.

　　Dong Wei:"In the past, for an enterprise, building a factory building, land, workshops, equipment, etc., these inputs accounted for the bulk of the investment, which means that production mainly relied on traditional factor inputs. What is more important for the new quality productivity? It relies on innovation. By playing a greater role in development through innovative elements, economic benefits and efficiency can actually be improved faster. "

　　Scientific and technological innovation is the key to develop new quality productive forces. In 2023, China established the Central Science and Technology Commission, re-established the Ministry of Science and Technology, deepened the reform of the science and technology system, and accelerated the realization of high-level science and technology self-reliance. In this year, China’s investment in high-tech industries increased by 10.3%, 7.3 percentage points faster than the total investment, which provided solid support for the development of new kinetic energy. According to the report released by the World Intellectual Property Organization, in 2023, China’s ranking in the global innovation index rose to 12th, and the number of the top 100 scientific and technological innovation clusters in the world jumped to the first place in the world for the first time.

　　Dong Wei:"By setting up new institutions, increasing investment in basic research, and accelerating the reform of the system and mechanism of scientific and technological innovation, we can see that in the past year, the importance attached to innovation in different fields has been continuously improved, and the channel for opening up scientific and technological achievements to industry has also been smoother. All these make innovation and industry more closely integrated, and the capital chain, industrial chain and innovation chain will be more closely integrated, which will play a very important supporting role in the cultivation and growth of new quality productivity. "

　　In 2023, China established the National Data Bureau, and the digital economy became an important engine to promote the high-quality development of China’s economy. By the end of 2023, China had built 3.377 million 5G base stations. Digital infrastructure construction represented by 5G, industrial Internet and data center has developed rapidly.

　　This year, China’s 5.5G network is expected to achieve large-scale commercialization, new progress has been made in humanoid robots and quantum technology, and generative artificial intelligence has been iteratively upgraded. Actively cultivating such future industries is also an important part of new quality productivity.

　　This year, seven departments, including the Ministry of Industry and Information Technology, jointly issued the "Implementation Opinions on Promoting Future Industrial Innovation and Development", proposing to focus on promoting industrial development in six major directions, including future manufacturing and future information. When deploying this year’s work, all localities and departments have also placed an important position on accelerating the cultivation of new industries and developing new quality productivity.

　　Dong Wei:"We should take the development direction of these future industries as an important breakthrough to lead the development of new quality productive forces, and concentrate resources and all aspects of strength on supporting the development and growth of these future industries, so as to urge them to form a scale as soon as possible. It is necessary to cultivate new tracks like the cultivation of new energy vehicles in the past, and cultivate more new pillar industries of the national economy, so that China’s economy can truly occupy the commanding heights and truly realize the goals and tasks of Chinese modernization. "

　　Since 2023, China’s economy has been climbing over the hill, and we have been insisting on promoting high-quality development: from comprehensively promoting rural revitalization to promoting coordinated regional development, from actively promoting high-level opening up to better overall development and security, from comprehensively deepening reform to ensuring people’s happiness and well-being, with clear goals and full determination. On the new journey, facing the challenges on the way forward and promoting Chinese modernization with high-quality development, we are confident to win the initiative and win the future.

　　New pollutants endanger the ecological environment and human health, which is one of the global environmental problems. The CPC Central Committee and the State Council attached great importance to the treatment of new pollutants. Recently, the General Office of the State Council issued the Action Plan for the Treatment of New Pollutants (Guo Ban Fa [2022] No.15, referred to as the Action Plan), which pointed out the direction for the treatment of new pollutants in the future. The Action Plan embodies China’s idea of actively participating in global environmental governance, which is of great significance for building a beautiful China and building a community of life on earth.

At present, it is the season of high incidence of respiratory diseases, and a variety of respiratory diseases are intertwined. A few days ago, National Health Commission held a press conference, calling on the masses to be active, proactive and vaccinated as soon as possible. On December 15th, the reporter interviewed experts from the Provincial Center for Disease Control and Prevention, and made an exclusive interview on vaccination related issues in Covid-19.

According to the experts of disease control, at present, the spread of Covid-19 among people still exists, and the whole country is in a sporadic state, and Covid-19 XBB mutant has become the main epidemic strain in China. A few days ago, in the "Work Plan for Vaccination of Covid-19 for Key Populations in the Near Future" issued by the Comprehensive Group of the State Council Joint Prevention and Control Mechanism, it was suggested that key populations such as the elderly should be vaccinated with Covid-19 vaccine according to conditions, and the vaccine containing XBB mutant antigen was recommended first. People who meet the following two conditions can be vaccinated:

Si Yuan, deputy director of the Institute of Immunization Planning of the Provincial Center for Disease Control and Prevention, said: "First, the elderly aged 60 and above or the people aged 18 to 59 with serious basic diseases, people with low immune function and people with high risk of infection. Second, the basic immunization has been completed or Covid-19 has been infected. The preventive effect of vaccine can be divided into several levels, such as preventing infection, preventing illness, preventing severe illness and preventing death. At present, the effect of Covid-19 vaccine in preventing severe illness and death is very significant, which is also the main reason why vaccination is being promoted all over the world. "

At present, it has been nearly a year since the last round of large-scale Covid-19 infection in most people. The antibody level produced after infection or vaccination gradually decreases with time. At the same time, because of the immune escape caused by virus mutation, the risk of serious illness and death is high for high-risk groups such as the elderly and those with serious basic diseases. Therefore, it is suggested to reduce the disease harm through vaccination. In addition, the interval between vaccination in Covid-19 and other vaccinations is at least 14 days.

"Combined with the World Health Organization’s (WHO) recommendation on simultaneous vaccination of Covid-19 vaccine and influenza vaccine, according to China’s technical guidelines for influenza vaccine vaccination, people aged 18 and above can be vaccinated with inactivated influenza and Covid-19 vaccine at different parts at the same time. With regard to vaccination fees, the vaccination of Covid-19, a key population, is still carried out in accordance with the previous regulations, and the policy of free vaccination for residents and willingness to take it up is implemented. Influenza vaccine is a non-immunization program vaccine, and residents’ vaccination follows a voluntary and self-funded policy. "

(Contributed by: Shaanxi Guangdian Rong Media Group Starting Point News)

　　On June 11th, Foreign Ministry Spokesperson Wang Wenbin held a regular press conference. A reporter asked whether the spokesman was worried about the negative impact on foreign investment after the passage of the Foreign Sanctions Law.

　　Wang Wenbin said that the Legal Affairs Committee of the National People’s Congress Standing Committee (NPCSC), China has introduced the relevant situation. Around the two sessions this year, some NPC deputies, Chinese People’s Political Consultative Conference members and people from all walks of life put forward opinions and suggestions that it is necessary for the state to formulate a special anti-foreign sanctions law to provide strong legal support and guarantee for China to counter foreign discriminatory measures according to law. According to the relevant work arrangement, the the National People’s Congress Standing Committee (NPCSC) Law Committee carefully studied the legislative suggestions put forward by various parties, summarized the counter-measures practice and related work practices in China, sorted out the relevant situation at home and abroad, solicited the opinions of relevant departments and experts of the central and state, and drafted and formed the draft of the anti-foreign sanctions law. According to the legislative procedure, China the National People’s Congress Standing Committee (NPCSC) deliberated the draft twice in April and June, respectively. The Law Working Committee solicited the opinions of the central and relevant state organs on the draft, and the Constitution and Law Committee of the National People’s Congress revised and improved the draft according to the deliberation opinions of the Standing Committee and opinions from all sides. At present, the Anti-Foreign Sanctions Law has fully absorbed opinions from all sides, reflected the common wishes of the people of China, and conformed to the basic norms of international law and international relations.

　　Wang Wenbin pointed out that regarding the influence of the Anti-Foreign Sanctions Law on foreign investment, I don’t see an inevitable connection between the two. If there is, it is the enactment of the Foreign Sanctions Law, which provides a predictable legal environment and a stable and predictable business environment for enterprises from all countries to develop in China. At the 29th meeting of the 13th the National People’s Congress Standing Committee (NPCSC), the Hainan Free Trade Port Law and the Decision on Authorizing the Shanghai Municipal People’s Congress and its Standing Committee to Formulate Laws and Regulations of Pudong New Area were also passed, which are new measures for China to deepen reform and open wider to the outside world.

　　Wang Wenbin emphasized that China has always welcomed and supported foreign enterprises to conduct business and cooperation in China and protect their rights and interests according to law. China will only open wider to the outside world, and we will continue to strive to create a better business environment for foreign enterprises and share China’s development opportunities with the world. (CCTV reporter Huang Huixin Kong Luyuan)