According to foreign media reports, NASA said that five asteroids will pass by the earth in the future, and one of them may be very close to the earth. It is reported that the smallest diameter of these asteroids is only 8 meters and the largest is 90 meters, and lular distance from the Earth will be as short as five distance to the moon.

Image source network

A distance to the moon refers to the distance between the earth and the moon, which is about 238,900 miles (384,000 kilometers). It sounds like a long distance, but it is a very close distance in the vast space, and they will pass by the edge of the earth. Fortunately, the closest asteroid to the earth this time is smaller in diameter and will not pose too much threat to the earth.

Where are the asteroids?

Asteroids are celestial bodies in the solar system that move around the sun like planets, but are much smaller in size and mass than planets. Most of them are influenced by the gravitational force of the sun and Jupiter, and they gather in the asteroid-intensive area between the orbits of Mars and Jupiter. According to the statistics of 120,437 asteroids that have been numbered, this hotbed of asteroid "life" is composed of more than 500,000 asteroids. So many of them are called "main belt" and many people are used to calling it "asteroid belt".

Figure: Asteroid belt

The so-called "near-earth asteroids" can be understood very well just by looking at the literal meaning. "Near-earth" means that their orbits are very close to the earth, and they are a special group that deviates from the main belt.

Dangerous asteroid

According to analysis, only asteroids with a diameter of more than 140 meters and a minimum distance from the Earth of less than 0.05 astronomical unit (about 7.4 million kilometers) will be included in the list of dangerous asteroids.

According to the latest release of the website of the International Asteroid Center, researchers have discovered 1,640 "potentially threatening near-Earth asteroids" through global joint survey.

History of asteroid impact on the earth

As early as 65 million years ago, dinosaurs, a large animal that dominated the earth for 150 million years, suddenly disappeared. Astronomers speculate that there are two possible reasons for the extinction of dinosaurs: first, the explosion of supernovae, which is equivalent to about 10.24 hydrogen bombs, led to the extinction of dinosaurs; The second is asteroid impact. In 1978, American astronomer Luis Alvarez speculated that an asteroid hit Iceland, and this impact was equivalent to the energy of 1 trillion tons of TNT. Such a violent impact led to the disappearance of dinosaurs.

In addition, on June 30, 1908, a huge flash of light lit up the sky in the Tunguska River Basin in Shiquan, krasnoyarskiy kray, Siberia, followed by a violent explosion equivalent to 1,000 atomic bombs. A mushroom-like cloud of smoke soared 12 miles into the sky, and the scorching air billow swept the vast Taiga forest one after another, and hundreds of square kilometers of forest were destroyed in the explosion. This famous explosion was the Tunguska Big Bang.

Photo: Tunguska Big Bang data

In addition, according to the latest research report of geoscientists from the Australian National University (ANU), at least three asteroids with a diameter of 20-50 kilometers collided with the earth 3.2 billion years ago, which greatly changed the structure and elemental composition of the earth’s surface.

In recent years, scientists predict that an asteroid named Apophis will pass by the Earth in 2029 and hit the Earth in 2036. If it hits the earth, it will generate energy equivalent to the explosion of 110,000 atomic bombs, which is equivalent to the instantaneous destruction of the whole city of new york and its surrounding areas. If it hits the ocean, it will cause a devastating tsunami, which is more violent than the 2004 Indian Ocean tsunami.

Apophis is one of nearly 800 potentially threatening asteroids known to astronomers.

Prevent collision and defend the earth

In order to cope with this possible impact, some people put forward a plan to destroy asteroids with nuclear weapons. However, all the accumulated nuclear weapons on the earth are only enough to blow up an asteroid with a diameter of 9 kilometers, and they have to hit the center accurately. In addition, the consequences of a nuclear explosion in the universe are unpredictable.

Therefore, people are also considering other plans to deal with asteroids, such as using lasers or lead ingots. NASA is going to lure Apophis away with a "gravity trailer" when it flies to the Earth in 2029. When the asteroid passes near the Earth in 2029, it only needs to launch a "gravity trailer" spacecraft weighing about 1 ton, which can change the orbit of this asteroid. According to astronomers’ calculations, Apophis will slightly change its orbit when it flies over the earth this time, but when it returns again in 2036, the possibility of colliding with the earth is very small, only 1 in 5,000.

Although the speculation about the extinction of dinosaurs makes the prediction of the impact of asteroids on the earth scary, with the development of science and technology, from not knowing what asteroids are to accurately understanding and then boldly predicting, the progress of civilization makes us believe in the power of science, and there must always be a perfect way to deal with this "uninvited guest".

The pictures and texts are produced by Popular Science China, and are authorized to be published in the column "Learning Science with Xiaobian" of CCTV. Please indicate the source for reprinting.

Produced by: Tianjin science and technology hall Xu Wen, Beijing Normal University Zhang Tongjie.

Producer: computer network information center

Just now, the AI giant (NVIDIA) has set a new record.

At 1 am on June 19th, Beijing time,The share price of NVIDIA (NVIDIA, NASDAQ: NVDA), the world’s largest AI computing power provider and AI chip giant, rose by 3.5% in intraday trading, and its market value reached 3.337(3.34) trillion US dollars, surpassing and becoming the company with the highest market value in the world.

This milestone marks NVIDIA’s outstanding achievements in technological innovation and market expansion, and the importance of the AI era to Wall Street.

3.34 trillion US dollars, equivalent to the sixth largest economy in the world — — Britain’s GDP in 2023 is also the market value of 12 Maotai (1.94 trillion yuan), 25 AMD and 12 AMD, even 8.76 times that of Intel +AMD combined.

So far, NVIDIA has not only become the world’s first chip company with a market value exceeding $3 trillion, the world’s first company with a market value of $3 trillion founded by Chinese, the seventh American company with a market value exceeding $1 trillion and the third one exceeding $3 trillion, but also become the world’s largest AI technology company with the fastest growth of $3 trillion in technology stocks, making history.

It is reported that,NVIDIA, founded in 1993, is an important innovator in the field of computer graphics and AI technology, and invented GPU graphics computing (accelerated computing) in 1999, which greatly promoted the development of PC game market, redefined computer graphics technology, and initiated a new era of modern AI accelerated computing. In recent years, it has caught up with the meta-universe, cryptocurrency and artificial intelligence, and finally almost unified the AI computing chip market.

Now,NVIDIA has grown into a full-stack computing company, dedicated to developing CPU, GPU, DPU and AI software, providing accelerated computing solutions for data centers, autonomous driving, metauniverse and other fields. At present, in the field of GPU or accelerated computing, NVIDIA has a global market share of over 90%.

In the past, NVIDIA’s share price has recorded a cumulative increase of 10 times, despite the fact that its share price was "halved" twice due to the low tide of encryption digital currency, the "headwind" of macro economy in 2022, the sharp drop in consumer electronics market demand and the downturn of semiconductor industry.

Since November 2022.OpenAI company released AI ChatGPT, which quickly swept the world, and set off a competition and upsurge around AI big model.

As the "overlord" of AI’s bottom computing power, NVIDIA is one of the biggest beneficiaries of this upsurge, and its GPU products have few substitutes in large-scale model training. As the AI "arms race" between companies such as Microsoft and Google heats up, NVIDIA’s A100 and H100 chips have become "hard currency" for large-scale model training.

In March this year, Huang Renxun, founder and CEO of NVIDIA, said that NVIDIA AI supercomputer DGX was the engine behind the big model, and he personally handed over the world’s first DGX to OpenAI. Since then, this product has been installed in half of more than 100 head enterprises around the world.

According to UBS analysts’ estimates,About 10,000 NVIDIA GPUs are needed to develop ChatGPT.

At the same time,NVIDIA’s share price also began to recover continuously due to the AI craze, rebounding from the low of around $112 in October 2022 to the current level of over $400. The AI craze is also stimulating investors’ longing for NVIDIA, and the first-quarter financial report of NVIDIA released this month has pushed up the share price.

On May 22 this year, NVIDIA released the second quarter revenue forecast that exceeded market expectations, and announced a stock splits plan-each share will be split into 10 shares. This series of positive news has greatly enhanced investors’ confidence in this leading enterprise in the field of artificial intelligence and encouraged them to continue investing. Since the beginning of the year, NVIDIA’s share price has risen by more than 170%, and in 2023, it led the Standard & Poor’s 500 Index with an increase of 238.9%.

The growth rate of NVIDIA’s market value is amazing.

Looking back on the scene a year ago, the company’s market value is far from reaching the threshold of $1 trillion, ranking behind the technology giants such as Google’s parent company Alphabet, Amazon, Apple and Microsoft. In the ranking of giants in the technology industry, NVIDIA’s market value is only slightly higher than Meta and.

However, fast forward to June 13, 2023, the market value of NVIDIA crossed the important threshold of $1 trillion in one fell swoop; On February 23, 2024, the company’s market value broke through the $2 trillion mark at an alarming rate, setting a record for the fastest growth from $1 trillion to $2 trillion.

On June 5th this year, NVIDIA’s market value leapt again, breaking through the $3 trillion mark. It took less than four months to leap from 2 trillion to 3 trillion.

Earlier this month, the market value of NVIDIA surpassed that of Apple for the first time since 2002, and the rankings of the two companies have risen alternately in recent days. Last week, Apple once surpassed Microsoft to take the top spot.

As of Monday’s close, NVIDIA’s share price has risen by more than 160% since 2024, and its market value has increased by more than 2 trillion US dollars.

At present, the market value of three companies in the United States has exceeded $3 trillion, namely NVIDIA, Microsoft and Apple. The combined market value of the above three companies is nearly 10 trillion US dollars.

The growth of NVIDIA means that AI is the focus of many investors.

Daniel Ives, an analyst at Wedbush Securities, wrote in a report: "We believe that in the coming year, NVIDIA, Apple and Microsoft will become the focus of competition for the $4 trillion market value of the technology industry."

Huang Renxun, an investor and CEO of NVIDIA, believes that NVIDIA is not only a chip manufacturer, but also a key company in the field of AI infrastructure. Last year, the sales of AI chips in NVIDIA increased by more than 125%.

Michael Lippert, vice president and portfolio manager of Baron Capital Inc, pointed out that "they sell not only chips, but also systems", and pointed out the company’s proprietary software and development ecosystem.

Ives said: "With the smooth progress of the fourth industrial revolution, more and more enterprises and consumers have quickly embarked on this road. NVIDIA’s GPU chips are essentially new gold or oil in the field of science and technology."

Rosenblat Securities analyst Hans Mosesmann even raised NVIDIA’s target price from $140 to the highest price on Wall Street of $200 on Tuesday.Thereby pushing its market value to nearly $5 trillion in the next year.. Moseman stressed: "We expect that the software business will grow significantly in the next decade in terms of the overall sales portfolio, and the valuation of NVIDIA will show an upward trend due to sustainability."

Not only NVIDIA, but also Huang Renxun’s personal wealth has increased dramatically with the soaring stock price.

According to Bloomberg’s real-time ranking of global billionaires, as of June 18th, Huang Renxun ranked 12th in the list, with a total net worth of $115 billion.It surpassed Zhong Shanshan, founder of Nongfu Spring (US$ 60.3 billion, ranking 23rd), Huang Zheng, founder of Nongfu Spring (US$ 52.3 billion, 26th), Ma Huateng (US$ 43.9 billion, 28th), Zhang Yiming, CEO of ByteDance (US$ 42.2 billion, 31st) and Ma Yun (US$ 31.9 billion, 51st), second only to Warren Buffett (1355).

According to documents disclosed by NVIDIA, Huang Renxun, CEO of NVIDIA, sold 240,000 shares on June 13th and 14th at a price ranging from $127 to $133, and Huang Renxun is expected to sell 120,000 shares of the company on Monday. Based on the comprehensive calculation, Huang Renxun sold more than $32 million in cash.

According to the data compiled by Washington Service, excluding the impact of the 10-share split on June 10th, in the first half of this year, NVIDIA executives and directors, including Huang Renxun, have sold more than 700 million US dollars, the highest number of shares sold in six months since the first half of 2023.

(This article first appeared in Titanium Media App, author | Lin Zhijia, editor | Hu Runfeng)

Author: Pan Yan

Produced by: Global Finance Theory

On May 26th, the share price of Netease Cloud Music ushered in a wave of surge, which once reached HK$ 92.55, up over 57%. In the end, Cloud Music closed at HK$ 81.1, an increase of 38.16%, which was the highest increase in one day since Netease Cloud Music went public in Hong Kong.

The sudden surge is related to the sudden handshake between Netease and Tencent, which have been "entangled" for many years.

After years of entanglement, make peace?

As early as 2014-2015, Tencent Music, with its deep pockets, pocketed many copyrights such as YG Entertainment, Jewel, Huayi, Emperor, Lehua and Huayan International, and even its own "brother" WeChat banned similar online music products such as Netease Cloud Music, Xiami Music and Everyday Music, and the copyright dispute officially started.

In this incident, Netease also issued a message called "Goodbye, Friends Circle; Chang Bo of Hello, Good Music insinuates that Tencent has no open Internet spirit.

Image source: Weibo

In 2018, under the impetus of the National Copyright Administration, Tencent Music and Netease Cloud Music exchanged copyrights. Since then, although the struggle between the two families is not as fierce as before, there are still many confrontations in the open and in the dark.

In July 2021, the State Administration of Market Supervision ordered Tencent Music to terminate the exclusive copyright agreement. Netease Cloud subsequently issued a notice saying that it firmly supported the punishment decision of the State Administration of Markets.

Since Netease Cloud first posted a blog in February 2021 accusing Cool Dog Music of plagiarism, in April this year, Netease Cloud again issued a statement announcing the prosecution of Tencent Music Entertainment Group (including QQ music, cool music, cool dog music, national K songs and other products) for copyright infringement through illegal broadcasting and unauthorized songs, batch impersonation, product innovation by copying, evasion and even confrontation with supervision, which constitutes unfair competition.

Image source: Netease Cloud WeChat official account

Subsequently, Chen Mo, the head of brand public relations of Tencent Music Entertainment Group, responded in a circle of friends, saying, "Ignoring the facts to touch porcelain will not help the development of the music industry, and it will not join the ranks of quarrelling. Relevant evidence has already been preserved, and the lawsuits initiated have already been initiated one after another."

At the same time, the black history that Netease Cloud Music illegally packaged and sold Jay Chou Quanqu Library was also dug up by the people who ate melons.

Just as the public was still immersed in the copyright dispute between Netease and Tencent, the two companies suddenly sent a message to "confess" each other.

On May 25th, Netease Cloud Music officially announced that WeChat status can support one-click sharing of Netease Cloud Music. WeChat official account, its official WeChat, also published an article entitled "Thank you for your status on WeChat", which introduced in detail all the steps to share the songs in Netease Cloud Music to "WeChat status".

At the same time, WeChat’s official account "WeChat School" also responded with "@ Netease Cloud Music Thank You for Your Song".

Or related to the new function of WeChat status, Netease Cloud Music increased by 38.16% on May 26th. As of the close of June 1, Netease Cloud Music reported 86.65 Hong Kong dollars/share, with an increase of over 50% in five trading days.

One second, it was full of gunpowder, and the next second, it was quiet. Perhaps it is the old saying, "There are no eternal enemies, only eternal interests".

Stock competition continues, user growth touches the ceiling.

With the advent of the post-copyright era, the online music market has entered the stage of stock competition and is facing the loss of users.

According to Analysys Qian Fan’s "Annual Comprehensive Analysis of Online Music Market in China in 2022" report, in January 2022, all mobile music users spent 21 minutes per day, down 21% year-on-year; All mobile music users started 4.2 times per day, down 21% year-on-year.

Netease Cloud Music, which once suffered from "the pain of copyright", has also begun to accelerate copyright cooperation, and has successively added copyright parties such as Modern Sky, Emperor Entertainment and Lehua Entertainment. However, this also brings a lot of cost pressure to the company.

From 2018 to 2021, the service cost of Netease cloud music content was 1.971 billion yuan, 2.853 billion yuan, 4.787 billion yuan and 6 billion yuan respectively. Among them, this cost has exceeded the total revenue of each period from 2018 to 2019, and reached 97.79% of the total revenue in 2020.

"Promoting the incubation of independent musicians and the development of self-made music" is one of the strategies that Netease Cloud Music has adhered to for many years.

Behind a number of support programs for independent musicians, we can see the thinking of Netease Cloud Music. Through the vigorous development of the original music ecology, we can get rid of the shackles of copyright, which is also Netease Cloud Music’s efforts to reduce costs.

However, originality is not obvious for Netease Cloud Music to quickly seize market share.

Netease Cloud Music Prospectus revealed that according to the revenue in 2020, Tencent Music accounted for 72.8% of the market share, and Netease Cloud only accounted for 20.5%. In 2020, Tencent’s music revenue has reached 29.15 billion yuan, while Netease’s vowel music revenue scale is 4.9 billion yuan.

In addition, Netease Cloud Music has been at a loss for nearly four years. From 2018 to 2021, Netease Cloud Music lost 1.72 billion yuan, 1.64 billion yuan, 1.52 billion yuan and 2.056 billion yuan respectively.

According to the latest first-quarter financial report, Netease Cloud Music’s loss has narrowed, with an adjusted net loss of 152 million yuan, which is 46.6% narrower than that in 2021.

Although the net loss has narrowed, Netease Cloud Music’s monthly revenue per paid user (ARPPU) is decreasing. Among them, the social entertainment service ARPPU, the core business of Netease Cloud, dropped from 553.3 yuan in the first quarter of 2021 to 329.8 yuan in the first quarter of 2022, while the online music service ARPPU dropped from 7.1 yuan to 6.4 yuan.

In addition, the monthly activity of Netease Cloud Music has also decreased. The monthly active users of online music service decreased from 183.1 million in the first quarter of 2021 to 181.7 million in the first quarter of 2022.

Image source: Netease Cloud Music Quarterly Report

The lack of user growth and the decline of payment ability have become a common problem faced by the online music industry.

For example, Tencent Music, although the monthly user scale far exceeds Netease Cloud Music, has also experienced a year-on-year decline for eight consecutive quarters, which means that the growth of Tencent Music is gradually slowing down. In the first quarter of 2022, the number of monthly users of Tencent Music’s online music service decreased by 1.8% year-on-year to 604 million.

At the same time, the ARPPU of Tencent Music’s online music has also declined for five consecutive quarters. In the first quarter of 2022, the online music ARPPU of Tencent Music was 8.3 yuan/month, down 10.8% compared with the same period of last year.

Old players meet new Meng

Today’s online music market may usher in a new pattern.

This change is mainly reflected in the shift of the balance center of gravity between the major platforms for "copyright, users and musicians". That is to say, in addition to competition with each other, online music platforms have different weights for copyright, users and musicians.

Today’s online music platform is either merged like "QQ Music+Cool Dog Music+Cool Me Music" or exited like Xiami Music. But on the whole, the platform that survives today is larger, the competition is more concentrated than before, and it also faces the pressure of new players with strong backgrounds.

Different from the old players such as Netease Cloud Music and Tencent Music, new players such as Tik Tok and Aauto Quicker rely on their huge platform traffic to enter the market.

With the continuous popularity of "Tik Tok Hot Songs" and "Aauto Quicker Divine Comedy", the short video platform has more and more mastered the right to speak the current "hot songs", and the musical ambitions of Tik Tok and Aauto Quicker are far more than that.

Taking ByteDance as an example, following the launch of the first music APP "Soda Music" in 2021, an APP named "Sponge Band" was recently launched. According to the official introduction, this product will better serve "soda music" and users who need music editing in Tik Tok.

But the most direct impact is that many music copyright companies now take short video platforms such as Tik Tok as the first choice for the promotion of new songs, which is nothing more than another big crisis for old players.

From this point of view, with players such as short video platforms and live broadcast platforms entering the music track, it is more wise for Tencent Music and Netease Cloud Music to join hands to resist foreign enemies than to continue to hurt each other.

For Netease Cloud itself, with the help of WeChat status and circle of friends, reaching more users and playing a role of drainage and promotion, why not? Shake hands and make peace is also a way to survive.

New energy has become the general trend of car purchase at present, and various car companies have also laid out various products in different price ranges, and mini-cars are naturally a good choice that cannot be avoided. Most consumer use scenarios are mostly commuting to work, buying food and picking up babies, etc., which often put Yan value in the first place. In addition, small and easy to drive, low car cost and other factors are also key considerations. Today, let’s take a look at the highlights of this Pentium pony model.

Pentium pony is the representative work of FAW Pentium micro electric vehicle, and it is a pure electric car. Indeed, no matter in design or product positioning, the new car is unique in the micro electric vehicle market. The car is positioned as a 3-door and 4-seat mini electric vehicle close to Wuling Hongguang MINIEV. The car competes with popular models such as Hongguang mini EV, Chery QQ ice cream and Chang ‘an waxy corn, bringing users a new choice of micro-electricity market differentiation.

Regarding the appearance, the design of Pentium pony can be described as cute. Its big eyes and unique taillight design make people fall in love at first sight. Compact body size, suitable for shuttle in the city, two-color contrast body appearance, full of personality. I often get some curious and appreciative eyes because of the lovely appearance of the vehicle, and I feel quite happy. Chang ‘an "waxy corn" has a round body, and the front headlights are like an enlarged corn grain. It is reported that Pentium Pony offers 6 body colors, including lime, cherry, grape, blueberry, lychee and pearl lychee.

Coming to the side, the whole is quite compact, with a layout of three doors and four seats, while Chang ‘an waxy corn also adopts a layout of three doors and four seats. The wheel eyebrows on both sides of the Pentium pony cooperate with the white rearview mirror to enhance the overall sense of movement. In addition, the new car also uses low wind resistance wheels, which is more fashionable. The rear design has a clear echo with the front face.

In terms of configuration, Pentium pony also performed well. The central control retains many knob designs, which are simple and intuitive to operate, and a LCD instrument is in front. Although the interior space is small, the layout is reasonable. The whole system comes standard with the main driver airbag and the new generation EPS steering system. Chang ‘an waxy corn is also equipped with double airbags in the front row, reversing radar/image, uphill assist, multi-function steering wheel, 7-inch LCD instrument +10.25-inch central control screen, main driver’s cosmetic mirror and other configurations. In terms of interior color matching, Pony provides five fresh interiors, including Tiffany Green, Sakura Powder, Glazed Blue, Clear Blue and Time Gold. Compared with Chang ‘an waxy corn at the same price, Pentium pony has a more complete configuration.

Next, let’s talk about dynamic performance. Although the Pentium pony is a miniature pure tram, its power is not inferior to other similar models. Pentium pony is equipped with a single motor with a maximum power of 20 kW. Fast acceleration and flexible steering make you feel comfortable in busy urban traffic. The charging time of this model of Chang ‘an waxy corn is 9.8h, and fast charging is not supported.

Summary:For consumers, if they want to buy a pure electric mini-car to travel instead of walking, the product strength of this Pentium pony will indeed be more cost-effective. Pentium pony’s more distinctive product strength further enriches the product matrix of Pentium brand and brings diversified choices to users.

Entering 2023, tariffs have ushered in new adjustments-

From January 1st, a provisional import tariff rate lower than the MFN tariff rate will be applied to 1020 commodities; From January 2nd, the tariff rate of RCEP will be applied to some commodities originating in Indonesia. From July 1st, the eighth step will be implemented to reduce the MFN tariff rate of 62 information technology products …

In this tariff adjustment schedule, "down" has become the key word. Experts pointed out that in recent years, China has successively lowered import tariffs on related commodities, boosting global good goods to enter the China market, which not only meets the domestic consumption upgrading and enterprise production needs, but also provides countries with broader market opportunities and shares the China opening bonus.

China’s overall tariff level will drop to 7.3%.

■ Since January 1, 2023, China has imposed a provisional import tariff rate lower than the MFN tariff rate on 1,020 commodities. This number has increased by 66 items compared with the previous year, maintaining growth for four consecutive years.

■ On January 2nd, RCEP came into effect for Indonesia. So far, the world’s largest free trade agreement has come into effect for 14 of its 15 signatory members. Since January 2nd, China has implemented the agreed tariff rate applicable to RCEP ASEAN member countries in 2023 for some imported goods originating in Indonesia.

■ In 2023, China will reduce the import tariffs on homogenized mixed food, frozen blue cod, cashew nuts and other small household appliances such as coffee machines, juicers and hair dryers. Among them, the tax rate of homogenized mixed food, frozen blue cod and other commodities decreased by not less than 50%.

■ From July 1, 2023, China will also implement the eighth step of reducing the MFN tariff rate for 62 information technology products. After adjustment, the total tariff level of China will be reduced from 7.4% to 7.3%.

Further tax reduction in accordance with the FTA and RCEP

At the beginning of the new year, RCEP has made new progress: it came into effect for Indonesia on January 2. So far, the world’s largest free trade agreement has come into effect for 14 of its 15 signatory members.

China is Indonesia’s largest trading partner and the largest export market. After the entry into force of RCEP, the new measures of commodity tariff reduction and exemption introduced by China are a major attraction. The State Council Customs Tariff Commission recently released the tariff adjustment plan for 2023. According to the relevant provisions of RCEP and the entry into force of the agreement for Indonesia, the agreed tariff rate applicable to RCEP ASEAN member countries in 2023 will be implemented for some imported goods originating in Indonesia from January 2. Specifically, on the basis of the China-ASEAN Free Trade Agreement, China will reduce taxes on Indonesian-made pineapple juice and canned food, coconut juice, pepper, diesel oil, paper products, some chemicals and auto parts, among which 67.9% products originating from Indonesia will be subject to immediate zero tariffs from January 2.

"The higher level of openness advocated and led by China is urgently needed by developing economies including Indonesia." Nina Dai, Consul General of Indonesia in Shanghai, said that the China International Import Expo(CIIE) held in China enhanced the recognition and reputation of Indonesian brands in China. In 2021, the bilateral trade volume between the two countries increased by about 56%, of which Indonesian exports increased by nearly 70%. The entry into force of RCEP for Indonesia will continue to promote the deepening of economic, trade and investment relations between Indonesia and China, and further strengthen the existing cooperation.

At present, RCEP has entered the second year of effective implementation. Over the past year or so, China has implemented RCEP with high quality, fully implemented market opening commitments and agreement obligations, continuously promoted tariff reduction and exemption, and promoted trade and investment liberalization and facilitation, which has injected new impetus into the economic and trade development in the Asia-Pacific region and the world.

While reducing or exempting tariffs for newly effective members this year, the State Council Customs Tariff Commission clearly stated that it will further reduce tariffs in accordance with China’s free trade agreements with New Zealand, South Korea, Australia and Cambodia and RCEP.

"With the in-depth implementation of RCEP, New Zealand enterprises are facing more favorable tariffs and more convenient trade measures. The improvement of the business environment has enabled the company’s sales in China to grow rapidly, and it has also enabled China consumers to obtain quality products quickly." Roy Vandenke, general manager of R&D of New Zealand company Newland, said that China’s huge market provides opportunities for international companies like Newland and will also promote the recovery of the world economy. It is foreseeable that RCEP’s inclusive development dividend will make the development of the Asia-Pacific region more prosperous.

Gu Qingyang, an associate professor at the Lee Kuan Yew School of Public Policy at the National University of Singapore, believes that tariff reduction has greatly reduced the trade costs among member countries, made trade activities more active and effectively promoted economic growth, which is a tangible benefit brought by RCEP through trade channels. "China plays an important role in RCEP and is also the main export destination of other RCEP member countries. The stronger economic growth of China in the future will provide RCEP with a broader development space. "

Reduce tariffs on many medical products and consumer goods.

The new round of tariff adjustment involves not only the agreed tariff rate, but also many new changes in MFN tariff rate and provisional tariff rate. According to insiders, the most-favored-nation tax rate is the tax rate applicable to imported goods from most countries in China. Provisional tariff rate refers to the tariff rate for some imported and exported goods within a certain period. The provisional tariff rate is generally lower than the MFN tariff rate, which is a common way to adjust tariffs independently.

According to the tariff adjustment plan for 2023, from January 1st, China implemented a provisional import tariff rate lower than the MFN tariff rate for 1,020 commodities. This number has increased by 66 items compared with the previous year, maintaining growth for four consecutive years.

Sorting out the adjusted catalogue, the reporter found that there are many medical products, such as zero tariffs on some raw materials for anticancer drugs, anti-novel coronavirus drugs and drugs for relieving cancer pain, and reducing import tariffs on medical supplies such as dentures, raw materials for vascular stents and contrast agents.

Zhang Jianping, deputy director of the Academic Committee of the Research Institute of the Ministry of Commerce, analyzed that in the tariff adjustment in recent years, medicine has always been the key area of tax reduction, including zero tariffs on the first and second batches of anticancer drugs and raw materials for rare diseases, and reducing import tariffs on medical products such as artificial heart valves, hearing AIDS, intracranial embolic stents and artificial joints. These measures are helpful to further protect people’s health and reduce the economic burden of patients.

Consumer goods for daily use is another focus of this tariff adjustment. According to the published provisional tax rate table for imported goods, in 2023, the import tariffs on homogenized mixed food, frozen blue cod, cashew nuts and other small household appliances such as coffee machines, juicers and hair dryers will be reduced. Among them, the tax rate of homogenized mixed food, frozen blue cod and other commodities decreased by not less than 50%.

Zhang Jianping believes that at present, China’s consumer demand continues to grow, and the consumption structure is accelerating to upgrade, and the demand for foreign consumer goods with distinctive advantages is heating up. This tax reduction is conducive to conforming to the trend of consumption upgrading and meeting the new consumption demand of residents with high-quality supply; At the same time, it will help imported products compete with domestic products, guide the transformation and upgrading of the supply system, keep up with changes in consumer demand, and achieve a dynamic balance between supply and demand at a higher level.

In addition to medical products and consumer goods, this adjustment also highlights two aspects: first, zero tariffs will be imposed on potash fertilizer and unwrought cobalt, and import tariffs on some commodities such as wood and paper products and boric acid will be reduced; The second is to reduce import tariffs on lithium niobate, electronic ink screens, iridium oxide for fuel cells, roller bearings for wind turbines and other commodities. Experts said that reducing import tariffs on these goods will not only help strengthen the supply capacity of resources, but also promote the innovation and development of advanced manufacturing industries and accelerate industrial transformation and upgrading.

China’s overall tariff level will drop to 7.3%.

Frequent measures to reduce taxes have pushed the overall tariff level in China down continuously. According to the announcement issued by the State Council Customs Tariff Commission, starting from July 1, 2023, China will also implement the eighth step of MFN tariff reduction for 62 information technology products. After adjustment, the total tariff level of China will be reduced from 7.4% to 7.3%.

In December 2015, 24 WTO members, including China, the United States, Europe, Japan and South Korea, reached an agreement on expanding the product range of the Information Technology Agreement, and gradually abolished the import tariffs on 201 information technology expanded products according to the most-favoured-nation treatment principle. These products mainly include information and communication products, semiconductors and their production equipment, audio-visual products, medical devices, instruments and meters, etc. The annual global trade volume exceeds 1 trillion US dollars. In 2016, China implemented tax reduction for the products expanded by the Information Technology Agreement for the first time, and has implemented seven-step tax reduction so far.

According to the analysis of insiders, the gradual tax reduction according to the agreement will help reduce the import cost of related components and equipment, better meet the production needs of enterprises, promote the domestic related industries and economies to move towards high-quality development, and will also effectively promote global trade and high-tech development.

The general tariff level is one of the important indicators of a country’s openness in the field of goods trade. The data show that since China joined the WTO for more than 20 years, it has fully fulfilled its WTO commitments and continuously opened its market. The total tariff level has dropped from 15.3% to 7.4% in 2022, which is lower than the WTO commitment of 9.8%.

"Since 2018, China has introduced a series of measures such as implementing zero tariffs on imported anticancer drugs and encouraging the import of innovative drugs. In the following years, a number of innovative drugs of Bayer prescription drugs were approved for listing in China." Steve, chief financial officer of Bayer China, said, "We recognize and attach great importance to China’s opening to the outside world, and we have seen a very favorable business environment in China, which makes us more confident in the future."

Chiwharton, a Swiss flavor and fragrance company, is also one of the beneficiaries of China’s tariff reduction. "The reduction of tariffs has brought significant benefits to enterprises and enhanced our confidence in development." Wu Chongqing, the operation director of Chihuaton China, said that in 2022, China reduced the import tax rate of peppermint oil and orange oil, and the import cost of the company’s two main production raw materials decreased, saving tens of millions of yuan in taxes every year. "This not only eased the cost pressure caused by the rising price of raw materials, but also enabled the company to bring more cost-effective products to downstream customers and consumers, making our China factory more advantageous."

Zhang Jianping said that in recent years, China has taken the initiative to reduce the overall tariff level and introduced a series of new measures to reduce tariffs independently, which has made the world see that China is opening wider and wider, and also made China’s development better benefit the world and promoted all countries to share the big market opportunities in China. (Reporter Qiu Haifeng)

　　Xi ‘an, June 23 (Reporter Lei Kai correspondent Zhang Weifeng Zhao Yajuan) Shaanxi Food and Drug Administration announced 10 major food safety violations today (June 23).

　　These 10 typical cases are:

　　1. Xi ‘an Guzhen Catering Service Co., Ltd. is suspected of using food additives beyond the scope.

　　Brief introduction: The brown sugar buns, steamed buns and pot helmets processed and produced by Xi ‘an Guzhen Catering Service Co., Ltd. on April 11, 2016, after sampling inspection, the aluminum residue items did not meet the food safety standards. Law enforcement officers of the Food Inspection Team of beilin district Food and Drug Administration of Xi ‘an timely conducted on-site inspection and investigation on Xi ‘an Guzhun Catering Service Co., Ltd., which really started to use baking powder in the production of brown sugar buns, steamed buns and Guo Kui in October 2015, and successively sold 4,554 unqualified products with a value of 37,936 yuan. According to the Food Safety Law, the Administrative Punishment Law of the People’s Republic of China and the Provisions on the Transfer of Suspected Criminal Cases by Administrative Law Enforcement Organs, the case has been transferred to the Public Security Bureau, and the Beilin Branch of Xi ‘an Public Security Bureau has filed an investigation.

　　2. Zou’s case of producing and selling toxic and harmful food.

　　Brief introduction of the case: In the second half of 2015, Tongguan County Food and Drug Administration conducted law enforcement sampling inspection on the hot pot bottom material of Tongguan Tianle self-service barbecue restaurant operated by Zou, and the inspection results showed that papaverine was detected in the hot pot bottom material in the store. After investigation, Zou started to operate a hot pot project in Tongguan Tianle self-service barbecue restaurant in June 2014, and purchased poppy shells and added them to the hot pot base. According to the Food Safety Law, the Administrative Punishment Law and the Provisions on the Transfer of Suspected Criminal Cases by Administrative Law Enforcement Organs, the case has been transferred to the public security organs for investigation, and two suspects have been arrested.

　　3. The case that Wang mixed formaldehyde into his hairy belly.

　　Case Description: In January 2016, when the Hanbin District Market Supervision Administration of Ankang City supervised and inspected Wang’s aquatic product shop in Xing ‘an Community of Hanbin District of Ankang City, law enforcement officers used quick inspection equipment to test the hairy belly, yellow throat and duck blood on sale, and the test results were positive. The detained suspected food was inspected by Shaanxi Keyi Sunshine Detection Technology Service Co., Ltd., and formaldehyde was detected in the hairy belly. According to the Food Safety Law, the Administrative Punishment Law and the Provisions on the Transfer of Suspected Criminal Cases by Administrative Law Enforcement Organs, the case has been transferred to the public security organs for investigation and investigation, and one suspect has been arrested.

　　4, Weinan Tongguan County Center for Disease Control and Prevention unlicensed health food case.

　　Brief introduction: From April to July, 2015, Tongguan County Food and Drug Administration seized the case that Tongguan County Center for Disease Control and Prevention did not obtain the Health Food Business License to operate health food. The amount involved was 127,560 yuan and the illegal income was 5,850 yuan. According to the relevant provisions of the Food Safety Law, the Tongguan County Center for Disease Control and Prevention was given the following administrative penalties: confiscation of illegal income of 5,850 yuan; Confiscation of 868 boxes of unlicensed health food; The fine was 637,800 yuan.

　　5. Ren Mou produced and sold counterfeit "Red Bull" drinks without a license.

　　Brief introduction: In September 2015, Yulin Food and Drug Inspection Brigade seized the case of Ren’s unlicensed production and sales of counterfeit "Red Bull" drinks. In this case, a counterfeit den was destroyed, and the parties illegally produced 104 counterfeit "Red Bull", involving 10,900 yuan and 1,680 yuan of illegal income. According to the relevant provisions of the Food Safety Law, the party concerned was given the following administrative penalties: 54 counterfeit "Red Bull" drinks were confiscated; Confiscation of tools and equipment used in illegal production and sales; Illegal income of 1680 yuan was confiscated and a fine of 109,200 yuan was imposed.

　　6. Shaanxi Jinniu Dairy Co., Ltd. produced and sold infant formula goat milk powder that did not meet the national food safety standards.

　　Brief introduction of the case: On October 27th, 2015, Shaanxi Jinniu Dairy Co., Ltd. produced 900g/can of Jinbeimeiduo infant formula goat milk powder. (1) After inspection by the National Food Quality and Safety Supervision and Inspection Center, the Enterobacter sakazakii project did not meet the requirements of national food safety standards. The amount involved was 85,293 yuan, and the illegal income was 52.24 yuan. Weinan Food and Drug Administration, in accordance with the relevant provisions of the Food Safety Law, ordered the enterprise to implement rectification, investigate the causes of the problems, and complete the rectification work before January 5, 2016, and imposed the following administrative penalties on the enterprise: confiscation of 1,430 cans of unqualified infant formula goat milk powder; Confiscation of illegal income of 52.24 yuan; The fine was 938,223 yuan.

　　7. The case of Xianyang Aijia Supermarket Co., Ltd. Aijia Shopping Plaza Fuyuan Store operating unqualified food.

　　Brief introduction of the case: Sanhuang chicken produced by Shandong Jinxin Meat Food Co., Ltd., which is operated by Aijia Shopping Plaza Fuyuan Store of Xianyang Aijia Supermarket Co., Ltd. on July 13, 2015, was inspected by the National Meat Food Quality Supervision and Inspection Center, and the veterinary drug oxytetracycline residue exceeded the standard. When the Xianyang Food and Drug Administration conducted an on-site inspection, all the products had been sold out. Because the enterprise can’t provide relevant certificates, records and credentials for incoming inspection, according to the relevant provisions of the Food Safety Law, the enterprise was given an administrative penalty of 80,000 yuan. The Provincial Bureau has sent a letter to Shandong Food and Drug Administration to investigate relevant enterprises.

　　8. The case that the fish fashion charcoal grilled fish shop in Xincheng District of Xi ‘an manages to produce food with recycled food as raw material.

　　Brief introduction: At the beginning of 2016, the daily supervision and inspection by law enforcement officers of the Food and Drug Administration of Xincheng District of Xi ‘an found that the kitchen of Xincheng District Fish Fashion Charcoal Grilled Fish Shop used a metal filter to filter food residues and recycle waste oil. After investigation, during the period from November 27th to December 22nd, 2015, the store processed and produced two kinds of dishes, spicy grilled fish and spicy grilled fish, for customers to eat, involving a value of 8,700 yuan. The company was ordered to rectify, and according to the relevant provisions of the Food Safety Law, the following administrative penalties were imposed on the store: confiscation of illegal income of 8,700 yuan; A fine of 100,000 yuan.

　　9. Hanzhong Yongfeng Trading Co., Ltd. sells food with production date changed.

　　Brief introduction of the case: In November 2015, the law enforcement officers of Hanzhong Food and Drug Inspection Detachment found that the red oil watercress sold in Borun Shopping Plaza in Chenggu County was suspected of tampering with the production date. After investigation, Chen Mou, the person in charge of the company, admitted to using banana oil and coding machine to wipe off the original production date of red oil watercress and put it on a new date before putting it into the market again. Due to the timely discovery, illegal food basically did not flow into the market. Ordered the enterprise to rectify, and according to the relevant provisions of the Food Safety Law, gave the company the following administrative penalties: confiscation of illegal income 18 yuan; A fine of 65,000 yuan was imposed.

　　10. The case of selling food beyond the shelf life in Saigao Shopping Plaza of Xi ‘an Renrenle Supermarket Co., Ltd.

　　Brief introduction: In December, 2015, according to the reports of the masses, when the Food and Drug Administration of weiyang district, Xi ‘an, Zhang Jiabao Food and Drug Administration was in Saigao Shopping Plaza of Xi ‘an Renrenle Supermarket Co., Ltd., it found 1 bag of crispy eggs, 9 pieces of Wangwang yellow peach and peach pulp jelly, 95 pieces of Wangwang tangerine and pineapple pulp jelly, and 26 pieces of Wangwang assorted pulp jelly. Ordered the supermarket to rectify, and according to the relevant provisions of the Food Safety Law, the company was given the following administrative penalties: confiscation of expired food; Confiscation of illegal income and a fine of 80,000 yuan.

　　According to the relevant person in charge of the Inspection Bureau of Shaanxi Food and Drug Administration, since 2015, the province’s food and drug supervision and management system has carried out a series of special governance activities in key areas such as meat products, edible oil, flour products, dairy products, catering and food workshops. Up to now, 11,772 illegal food cases have been put on file in the province, involving a total amount of 21.45 million yuan, 263 cases have been transferred to judicial organs, and 97 illegal food dens have been destroyed, effectively curbing the arrogance of illegal elements and purifying the food market in the province. Reporting 10 major typical cases of food safety violations is mainly to warn the majority of food and drug production and marketing enterprises and catering service units to engage in production and business activities according to law.

　　The person in charge also said that in the next step, the food and drug supervision department will continue to maintain a high-pressure situation, have zero tolerance for food and drug safety violations, and strictly investigate all kinds of violations in accordance with the law to ensure the "safety on the tip of the tongue" of the masses. It is hoped that all social sessions will actively report clues about food and drug safety violations. Once the clues are verified, they will be rewarded in accordance with the "Shaanxi Province Food and Drug Violations Reporting Incentive Measures (Trial)". You can call 12331 or report to the local food and drug supervision department.

County, District People’s governments, municipal commissions and bureaus, and municipal directly affiliated units:

"Measures for the supervision and management of the planning and construction of commercial and residential land in Lianyungang city" has been deliberated and adopted at the 43rd executive meeting of the 15th municipal government, and is hereby issued to you, please earnestly organize its implementation.

　 　 　 　 　 　 　 　 　 　 　 　 　 Lianyungang Municipal People’s Government Office

　 　 　 　 　 　 　 　 　 　 　 　 　 2024yearfourmoonthreesun

(This piece is publicly released)

Measures for the supervision and administration of planning and construction of commercial and residential land in Lianyungang city

Article 1 In order to strengthen the supervision and management of urban commercial and residential land planning and construction, and ensure that commercial service projects are planned and designed according to the standard, constructed and delivered simultaneously with residential buildings, these Measures are formulated in light of the actual conditions, such as the Urban and Rural Planning Law of People’s Republic of China (PRC), the Urban Real Estate Management Law of People’s Republic of China (PRC), the Regulations on Urban and Rural Planning of Jiangsu Province, and the Opinions of the Ministry of Housing and Urban-Rural Development and other departments on Carrying out Short-board Actions for Urban Residential Community Construction (Jian Ke Gui [2020] No.7).

Article 2 These Measures shall be applicable to the planning, construction, supervision and management activities of newly leased commercial and residential land within the urban area of this Municipality (excluding Ganyu District).

Article 3 The term "commercial and residential land" as mentioned in these Measures refers to the same piece of land that is sold by way of listing and has the nature of commercial service land and urban residential land in a planning condition.

The term "commercial service land" as mentioned in these Measures refers to the land mainly used for commerce and service industry, including retail commercial land, wholesale market land, catering land, hotel land, commercial and financial land, entertainment land and other commercial service land.

The term "urban residential land" as mentioned in these Measures refers to all kinds of housing land and its ancillary facilities used for living in cities and towns, excluding supporting commercial service facilities and other land.

Article 4 Adhere to the principle of integrating economic benefits, social benefits and environmental benefits, and implement overall planning, rational layout, comprehensive development and supporting construction, so as to coordinate the business and service environment with the living environment.

Article 5 The District People’s Government (Functional Board Committee) shall establish and improve the management system and mechanism of commercial and residential land within its administrative area, fulfill the responsibility of territorial supervision, and urge the construction unit to fulfill the obligation of commercial service project construction; Participate in the whole process supervision of the layout, planning and design, construction, acceptance and handover of commercial service projects within the jurisdiction.

Article 6 The natural resources and planning department shall organize the preparation and supervision of detailed planning, and coordinate the special planning such as connecting commercial outlets; Organize the formulation and implementation of the annual land use plan, implement the control system of commercial and residential land use, and handle the real estate registration procedures for commercial buildings according to laws and regulations.

Development and reform, housing and urban and rural construction, commerce, urban management, market supervision and other departments shall, in accordance with their respective responsibilities, strengthen coordination and cooperation, establish and improve the information sharing mechanism of construction projects, and jointly do a good job in the supervision and management of commercial and residential land.

Article 7 The construction unit shall, according to the planning conditions, specify the location, function, construction scale and other contents of the commercial service land in the planning scheme of commercial and residential land, and carry out the commercial service project construction according to the planning requirements, land transfer agreement and investment supervision agreement.

Article 8 The commercial department shall take the lead in compiling the special plan for the layout of commercial outlets. The natural resources and planning departments shall implement it in the corresponding detailed planning according to the layout planning of commercial outlets.

Ninth commercial and residential land through Lianyungang natural resources online trading system for listing transfer. Natural resources and planning departments shall, in accordance with the planning conditions of commercial and residential land, inform the commercial and residential land transfer announcement and transfer instructions in advance of the construction requirements of the commercial service project, and clearly stipulate them in the land transfer agreement.

Article 10 In principle, commercial service projects shall be planned, constructed, accepted and delivered synchronously with residential projects, and the construction units that postpone the commencement of construction shall bear corresponding responsibilities according to the agreement.

If the commercial service project and the residential project cannot be built simultaneously, the two parties shall agree on the construction ratio of the commercial service project and the residential project in the land transfer agreement, so as to ensure synchronous acceptance and simultaneous delivery with the residential project.

Eleventh large-scale commercial projects in the project planning approval, should seek the views of the commercial sector, the implementation of use control, to ensure the effective implementation of commercial network planning. For commercial and trade circulation projects that have a great impact on the local business environment, commercial and other departments should organize relevant units, industry experts and public representatives to hold hearings or demonstration meetings, and put forward suggestions to the local government to eliminate adverse effects.

Article 12 During the development and construction of commercial service projects, the construction unit shall promptly report to the natural resources and planning departments about the commencement, progress and completion of the project, and set up public signs at the construction site to announce the owner of the construction land use right, the construction unit,Information on the nature, scale, start-up development, completion time and land development and utilization standards of the project.

Thirteenth construction units shall, in accordance with the planning conditions, planning permission and agreement, build commercial service projects. Commercial service project construction does not meet the planning conditions and planning permission, the natural resources and planning departments shall not go through the planning verification and go through the formalities of property right registration, the construction unit shall not organize the completion acceptance, and the housing and urban-rural construction departments shall not go through the formalities of completion acceptance filing. Failing to build a commercial service project as agreed, it shall be liable for breach of contract according to law.

Fourteenth construction units shall, within 15 days from the date of completion and acceptance of the commercial service project, apply to the local housing and urban-rural construction departments for filing.

Housing and urban-rural construction departments found that the construction unit in the process of completion and acceptance in violation of state regulations on the quality management of construction projects, should be ordered to stop using and reorganize the completion and acceptance.

Article 15 The department of natural resources and planning shall, jointly with the relevant departments of housing and urban-rural construction, commerce and urban management, strengthen the supervision over the supply transaction and post-supply development and utilization of commercial and residential land, establish mechanisms such as credit supervision and dynamic inspection, punish major dishonesty in the construction land market according to law, and disclose relevant information according to law.

Article 16 The market supervision department shall investigate and deal with illegal acts such as false advertising, unfair competition, and infringement of consumers’ rights and interests by using standard terms.

Seventeenth construction units should support and cooperate with the natural resources and planning, urban management and other law enforcement departments in the supervision and inspection of land, planning and other legal implementation, to provide convenient work, and shall not refuse or obstruct.

Eighteenth natural resources and planning departments in the supervision and inspection work found that the existence of illegal acts of state personnel, should be dealt with according to law; If it has no right to handle it, it shall be transferred to the supervisory organ or the relevant organ for handling according to law.

Nineteenth counties, Ganyu District can refer to these measures.

Twentieth these Measures shall come into force as of June 1, 2024, and shall be valid until May 31, 2029.

Related reading:Policy Interpretation of Supervision and Management Measures for Planning and Construction of Commercial and Residential Land in Lianyungang City

CCTV News:The National Bureau of Statistics released today (October 9) that since the 18th National Congress of the Communist Party of China, China’s opening-up level has reached an unprecedented height, the scale of foreign trade has grown steadily, and its status as a major trading country has been further consolidated.

2013— In 2021, the cumulative import and export of goods in China was 262.3 trillion yuan, with an average annual growth rate of 5.4%. The total import and export of general trade was 149.8 trillion yuan, accounting for 57.1% of the total import and export value of goods in the same period.

2014— In 2021, China’s service import and export scale ranked second in the world for eight consecutive years. 2013— In 2021, China’s cumulative import and export of knowledge-intensive services was 2.1 trillion US dollars, with an average annual growth rate of 9.3%.

2013— In 2021, the accumulated amount of foreign direct investment in China’s non-financial sectors was 1.2 trillion US dollars, and the amount of foreign direct investment in 2021 increased by 55.3% compared with 2012, with an average annual growth rate of 5%.

2013— In 2021, China’s foreign investment flows ranked among the top in the world, and the total foreign direct investment flows reached 1.4 trillion US dollars, with an average annual growth rate of 8.2%. In the past decade, the number of free trade agreements signed by China has increased from 10 to 19, and the proportion of trade with free trade partners in China’s total trade has increased from 17% in 2012 to 35% in 2021.

　　Cctv newsAccording to Beijing Municipal Bureau of Statistics and Beijing Investigation Corps of National Bureau of Statistics, 2023 is the first year to fully implement the spirit of the 20th Party Congress, and the year of economic recovery and development after three years of COVID-19 epidemic prevention and control. Faced with various internal and external risks and challenges, under the strong leadership of the CPC Central Committee with the Supreme Leader as the core, the city has made great efforts to stabilize the economy, promote development and improve people’s livelihood. The overall economic recovery has improved, the social and people’s livelihood security has been strong, and the high-quality development of the capital has been solidly promoted. The latest statistical bulletin of Beijing’s national economic and social development in 2023 issued by Beijing Municipal Bureau of Statistics and Beijing Investigation Corps of National Bureau of Statistics records the new progress and achievements of various undertakings in the capital in the past year with rich statistical data.

　　First, the macro-policies have exerted remarkable effects, and the economy has continued to pick up.

　　Resolutely implement the decision-making arrangements of the CPC Central Committee and the State Council and the work requirements of the municipal party committee and municipal government, adhere to the general tone of striving for progress while maintaining stability, focus on expanding domestic demand, optimizing the structure, strengthening innovation, and protecting people’s livelihood. Macro-control policies continue to exert significant effects, and the overall economy continues to pick up. The annual GDP was 4,376.07 billion yuan, an increase of 5.2% compared with the previous year at comparable prices. According to the resident population, the per capita GDP of the city reached 200,000 yuan, keeping the best level among provincial regions in China. The employment and price situation is generally stable. The annual consumer price rose by 0.4% over the previous year, and the average unemployment rate in urban areas was 4.4%, which was 0.3 percentage points lower than that in the previous year, and it was within the annual control target.

　　Economic development shows strong resilience and potential. The main areas have risen steadily. The added value of the service industry increased by 6.1% over the previous year, which is higher than the growth level of regional GDP. It is the main driving force for economic recovery, driven by the continuous support of the information service industry and the financial industry. Industrial production stopped falling and rebounded, and the added value of industrial enterprises above designated size increased by 0.4%. The equipment, electric power and automobile industries made outstanding contributions. The investment in fixed assets (excluding farmers) increased by 4.9% in the whole year, and the investment in construction and installation projects reflecting the physical workload and the investment in equipment purchase reflecting the expansion of production capacity of enterprises accounted for 56.2%, an increase of 0.5 percentage points over the previous year. Consumption continued to recover, and the total market consumption increased by 10.2% over the previous year. Among them, service consumption increased by 14.6% driven by transportation, culture, sports and entertainment, and the total retail sales of social consumer goods increased by 4.8%. The benefits of enterprises have gradually improved, and the vitality of development has been enhanced. Industrial and service enterprises above designated size achieved operating income of 2.8 trillion yuan and 17.3 trillion yuan respectively, up by 3.6% and 2.0% respectively over the previous year. In 2001, 297,000 new enterprises were established, an increase of 20.3%. The output value of "specialized and innovative" industrial enterprises above designated size and the income of service enterprises increased by 5.2% and 6.1% respectively, and the growth rate was 2.6 and 4.1 percentage points higher than the average level of industries and service industries above designated size respectively.

　　Second, promote the synergy of the "five sons" and make new breakthroughs in high-quality development

　　Adhere to the "five sons" linkage service and integrate into the new development pattern, and the quality of economic development in the capital has been continuously improved.

　　Accelerate the construction of an international science and technology innovation center. The ability to innovate has been continuously enhanced. The investment intensity of research and experimental development (R&D) in the whole society (the ratio of research and experimental development funds to regional GDP) has remained above 6% continuously since 2019, ranking first in all provinces (autonomous regions and municipalities) in China. From January to November 2023, the research and development expenses of large and medium-sized key enterprises above designated size totaled 350.11 billion yuan, up 4.6% year-on-year, of which the research and development expenses of industrial, scientific and technological service enterprises achieved double-digit growth. At the end of the year, there were 574,000 valid invention patents in the city, up by 20.2%, and the number of high-value invention patents per 10,000 people was 136.95, up by 24.97. Innovation empowers high-end industry development. The added value of high-tech industries in the whole year was 1,187.54 billion yuan, an increase of 7.1% over the previous year at current prices, accounting for 27.1% of the regional GDP, an increase of 0.4 percentage points over the previous year.

　　Promote the construction of a global digital economy benchmark city. The added value of the digital economy was 1,876.67 billion yuan, accounting for 42.9% of the city’s regional GDP, up 1.3 percentage points over the previous year. Build a smart city, implement the action plan of "the capital of optical network, the city of ten thousand megabytes", and build a total of 107 thousand 5G base stations, ranking first in all provinces (autonomous regions and municipalities) per 10 thousand people; The cumulative number of gigabit users reached 2.287 million, an increase of 943,000 over the previous year; The application terminals of "Jingtong", "Beijing Office" and "Jingzhi" in three smart cities have been rapidly upgraded and expanded, and the application of digital technology in key areas such as travel and medical care has been deepened.

　　Steadily promote the cultivation and construction of international consumption center cities. Consumer supply is more abundant. In the whole year, 61,000 new wholesale and retail, accommodation and catering enterprises were established, an increase of 15.6% over the previous year; Newly introduced 946 first stores, an increase of 16.5%; By the end of the year, there were 1,058 departure tax refund shops, an increase of 41. New consumption patterns such as e-commerce live broadcast and instant retail have developed rapidly. The online retail sales of convenience stores, supermarkets and warehouse member stores accounted for 28.6% of the retail sales of the three formats, an increase of 2.5 percentage points over the previous year. Scenarios and experiential consumption, such as performances and competitions, were active, with 49,524 performances held in 339 performance venues throughout the year, an increase of 1.4 times over the previous year; The performance income totaled 2.3 billion yuan, an increase of 2.7 times.

　　Promote high-level opening up with the construction of "two districts" Beijing’s first national-level cross-border trade facilitation standardization pilot project will be built, and a new international trade service platform of "Jingmaoxing" will be built to support the high-quality development of the comprehensive insurance zone. In the whole year, the total import and export value of Beijing was 3.6 trillion yuan, up by 0.3% over the previous year. The total import and export value of China (Beijing) Pilot Free Trade Zone (hereinafter referred to as Pilot Free Trade Zone) was 462.43 billion yuan, up by 2.7%. Among the key industries in which the service industry is expanding and opening up, 1,321 foreign-funded enterprises have been established in scientific research and technical services, leasing and business services, culture, sports and entertainment, accounting for more than 70% of the newly-established foreign-funded enterprises in the city, and 258 foreign-funded enterprises have been established in the Pilot Free Trade Zone, accounting for 14.9%.

　　The coordinated development of Beijing-Tianjin-Hebei has deepened and deepened. In the whole year, 112 general manufacturing enterprises were relieved and upgraded, and 23.15 million square meters of illegal construction was controlled. The construction of the city sub-center maintained the investment intensity of 100 billion yuan, and the second batch of municipal authorities completed the relocation, with more than 20,000 registered enterprises in the Canal Business District. Collaborative innovation and industrial cooperation are closer. Beijing, Tianjin and Hebei jointly built the Beijing-Tianjin-Hebei National Technology Innovation Center and compiled six key industrial chain maps. The turnover of technology contracts from Beijing to Tianjin and Hebei increased by 1.1 times over the previous year. Xiong’an new area Zhongguancun Science Park was unveiled for operation, and more than 30 innovative enterprises and 11 Zhongguancun integrated service organizations settled in.

　　Third, pay attention to the people’s "urgent difficulties and worries" and continue to promote the improvement of people’s livelihood

　　We will thoroughly implement the people-centered development idea, focus on the people’s urgent difficulties and worries, stabilize the "rice bag" and "vegetable basket", strive to increase the income of urban and rural residents, improve the level of public services, and enhance the people’s sense of happiness and gain.

　　Stable production and strong supply of agricultural products. Overcoming the adverse effects of natural disasters, the annual grain planting area was stable at more than 1 million mu, and the total grain output was 478,000 tons, an increase of 5.3% over the previous year, achieving "four consecutive increases" since 2020. The planting area of vegetables and edible fungi was 795,000 mu, and the output was 2.075 million tons, an increase of 4.3%.

　　Residents’ income has increased steadily. The per capita disposable income of the city’s residents was 81,752 yuan, a real increase of 5.2% after deducting the price factor, which was in step with the economic growth. Among them, the per capita disposable income of rural residents increased by 7.5%, 2 percentage points higher than that of urban residents. The per capita disposable income ratio of urban and rural residents was 2.37, which was 0.05 lower than that of the previous year.

　　The policy strengthens the guarantee. Fiscal expenditure is tilted towards the people’s livelihood. Among the general public budget expenditures in the city, the proportion of education, social security, employment and health expenditure remains at around 40%. Housing security has been continuously strengthened. In the whole year, 82,000 sets (rooms) of affordable rental housing were built and 93,000 sets (rooms) of various types of affordable housing were completed. There are 355 newly started communities and 183 newly completed communities in the transformation of old communities in the city. The coverage of social security continued to expand. At the end of the year, the number of employees participating in basic old-age insurance, unemployment insurance and industrial injury insurance increased by 368,000, 270,000 and 269,000 respectively.

　　The level of public services continued to improve. By the end of the year, there were 12,518 medical and health institutions with 139,000 beds and 343,000 health technicians. There are 1991 kindergartens, and the coverage rate of inclusive kindergartens reaches 93%. A total of 1,772 old-age meals have been built, covering nearly 5,000 urban and rural communities and more than 2.8 million people. There are 20 public libraries and 226 museums in the city, of which 107 are open for free, 18 are cultural centers and 339 are cultural stations. Throughout the year, 43 demonstration streets for national fitness and towns with sports characteristics were established.

　　Fourth, practice the concept of people’s city and improve the quality of the city.

　　We will fully implement the green development strategy, promote the transformation of urban management to urban governance and service with embroidery skills, focus on improving the ecological environment, and continuously improve the quality of urban life.

　　Strengthen urban operation guarantee. The annual sales volume of tap water was 1.33 billion cubic meters, an increase of 7.8% over the previous year. The electricity consumption in Beijing was 135.78 billion kWh, an increase of 6.0%. The total supply of natural gas was 20.61 billion cubic meters, an increase of 3.5%. The heating area of over 100,000 square meters was 730 million square meters, an increase of 2.4%. The annual sewage treatment rate was 97.3%, an increase of 0.3 percentage points. The city cleared and disposed of 7,588,500 tons of domestic garbage, with an average of 20,800 tons per day; There are 34 centralized treatment facilities for domestic waste, with an actual treatment capacity of 28,426 tons/day.

　　Improve the green travel service. At the end of the year, there were 1,285 bus lines, 29,738.5 kilometers of lines and 23,385 vehicles. There are 27 rail transit lines, with a length of 836 kilometers, an increase of 38.7 kilometers over the previous year, and 7512 vehicles, an increase of 238 vehicles. At the end of the year, there were 916,000 vehicles in bike-sharing, an increase of 35,000 vehicles over the end of last year.

　　Build a beautiful and livable environment. We will continue to fight the "blue sky defense war", and the four major pollutants in the city’s atmospheric environment will continue to reach the national air quality secondary standard. New steps have been taken in the construction of garden cities, promoting the construction of leisure parks, urban forests, pocket parks, small and micro green areas, etc. The annual urban green coverage rate reached 49.8%, and the per capita park green area reached 16.9 square meters.

　　In 2023, under the strong leadership of the CPC Central Committee and through the hard work of the whole city, new progress was made in various undertakings in the capital. The year 2024 marks the 75th anniversary of the founding of New China, a crucial year for achieving the objectives and tasks of the 14th Five-Year Plan, and the 10th anniversary of the implementation of the coordinated development strategy of Beijing-Tianjin-Hebei. We should adhere to the guidance of the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, fully implement the decision-making arrangements of the CPC Central Committee, thoroughly implement the spirit of the important speech of the Supreme Leader General Secretary to Beijing, persist in striving for progress while maintaining stability, making progress before breaking, and concentrate on strengthening functions, stabilizing growth, benefiting people’s livelihood, ensuring stability and ensuring stability.

　　Related links：

　　In 2023, Beijing achieved a regional GDP of 4,376.07 billion yuan, an increase of 5.2% over the previous year.

　　A COVID-19 allowed time to freeze, and at the same time, some entrepreneurs who had pressed the fast forward button revealed their true colors, which made people think. The second-hand recycling platform loves recycling, perhaps one of them. Author: Wang Qiji ━ ━ ━ ━ ━ "When the tide ebbs, you know who is swimming naked". -Buffett’s COVID-19 made time freeze, and at the same time, it also made some entrepreneurs who had pressed the fast forward button show their true colors, which made people think. The second-hand recycling platform loves recycling, perhaps one of them. The Spring Festival in 2020 seems to be a watershed, which has changed many people and may also change the fate of many enterprises in the future. On January 9, 2020, Hurun Research Institute released "2019 Hurun China Top 500 Private Enterprises", ranking 468 th in love recycling; However, before the Spring Festival, there were rumors that Zheng Fujiang, a recycling partner, left his job and his cash flow was tight. Employees who leave their jobs with love recycling said on social platforms that Zheng Yujiang chose to leave his job before the Spring Festival and love recycling. After the Spring Festival, some people in the investment circle also broke the news that they had signs of leaving. At the same time, love recycling was also revealed by employees: the company’s five insurances and one gold in January 2020 have not been paid yet. What is the real situation? GPLP rhinoceros finance conducted a verification.

　　Zheng Yujiang, president of Chuanai Recycling, left?

　　

　　Has Zheng Fujiang retired from his job? GPLP Rhino Finance hereby calls itself for verification, but it is denied by the other party, and no further explanation is given. So what’s going on inside employees and in the investment circle? Judging from the information collected so far, everything is not groundless. On February 11th, 2020, on the platform of Love Recycling Enterprise-"Love Recycling Fresh Release" WeChat, an article called "Let’s Work Hard"
The article "Walking Against the Wind-Opening Meeting and Headlines of Love Recycling" shows that Chen Xuefeng, founder and ＆CEO of Love Recycling, and Wang Yongliang, partner and co-president of Love Recycling, all delivered relevant speeches, but only Zheng Fujiang was missing.

　　On January 22nd, GPLP Rhino Finance didn’t find Zheng Fujiang to speak in the annual meeting of Love Recycling.

　　There are indications that, as an important member of the recycling-loving senior management, even though Zheng Fujiang denied that he didn’t leave his job and love recycling, something may have happened inside this startup. According to public information, in the first half of 2016, Zheng Fujiang, a former CMO of Huawei China District, joined Airecycling. In the past four years, he has made great contributions to the expansion of Airecycling and has been loved by many internal employees. "Its internal prestige is very high," disclosed by people in the investment circle who have been in contact with recycling. It is reported that after joining Love Recycling, Zheng Fujiang once built an offline cooperation channel network of Love Recycling. According to public information, during Zheng Yujiang’s four years of love recycling, love recycling has 300 direct stores in the core business districts of first-tier cities, and besides direct stores, love recycling also has seven operation centers including Hong Kong, Shanghai, Changzhou, Chengdu and Wuhan, with a total operating area of over 40,000 square meters. According to the data released by Love Recycling, the company actually has more than 600 stores and thousands of employees in the country, with more than 1,000 employees only at the peak of the staff. It can be said that it is Zheng Fujiang’s joining that makes love recycling have the offline leg. Is it leaving now, or is it gradually fading out? Or just the job responsibilities have been adjusted? Regarding the follow-up developments, GPLP Rhino Finance will continue to pay attention.

　　Love recycling, tight cash flow?

　　An unexpected event after the Spring Festival in 2020 really surprised everyone. Similarly, this also includes love recycling. In this regard, in the internal enterprise platform of Love Recycling, "Love Recycling Fresh Release" is about "Gathering Hard Work"
In the WeChat of Walking Against the Wind, Chen Xuefeng, the founder and ＆CEO of Airecycling, said that "to live is to be strong", and the goal of Airecycling Q2 is to approach the break-even point of the group and achieve full profit in the second half of the year.

　　At the same time, Chen Xuefeng also said, "In the face of cruel figures and reality, we must make worse plans." "We carefully predict that at least in the next 3-6 months, all walks of life will face a crisis of life and death, which is far more severe than Sars in 2003. Then, can love recycling survive this life-and-death crisis and cruel figures and reality, as executives say, "live"? This will test the cash flow of love recycling. However, regarding the cash flow of recycling, it seems that it is not optimistic from the current information of all parties.

　　According to its employees who broke the news on social platforms, as of February 19, 2020, Love Recycling has not issued its five insurances and one gold to employees in January. Is this true? At present, its official has not responded. However, before it gives the goal of achieving breakeven in Q2, GPLP Rhino Finance can judge that the current love recycling has not achieved breakeven and is obviously at a loss, and the current operation should mainly rely on financing. In this regard, in "Let’s work hard"
In the article "Walking Against the Wind", Chen Xuefeng, the founder & ＆CEO of Love Recycling, also publicly stated, "Last Friday, we had clearly won the strong support of JD.COM for the first time. Therefore, there is a big tree behind JD.COM. What are we panicking about?" However, can investment institutions solve the problems of enterprises and various cash flows? I’m afraid this is a bit difficult. On June 3, 2019, Airecycling announced that JD.COM Group General Airecycling had a new round of financing and strategic integration transactions of more than 500 million US dollars, and the two sides had reached a final agreement. According to the official website announcement of the Securities and Exchange Commission of the United States, JD.COM Group actually invested nearly $20 million in cash for the investment that loves recycling. Now, according to June 2019, seven months have passed. So, how much money is there in the unfunded love recycling account? Can this cash support Airecycling more than 600 offline stores and thousands of employees to survive Q1 or Q2 in early 2020? This is a problem. If the cost of employees can be controlled by layoffs that have been reported before, in front of more than 600 offline stores, it is obviously difficult to control cash flow. Just like Xinchao Media, which started to lay off employees in 2020, even though there is still 1 billion yuan in cash in its account, at the staff meeting on the first day of work, Xinchao Media announced that it would lay off 500 employees, accounting for 10% of the total number of employees, and the senior management collectively reduced their salary by 20%. So, how will love recycling spend this cash flow problem?Will love recycling save itself by cutting off the closing of offline stores and reducing wages and layoffs? I’m afraid only love recycling is clear inside. However, as of press time, the inquiry request of GPLP Rhino Finance has not been answered. In addition to cash, this sudden epidemic has actually brought thinking to startups. Does the blind expansion of offline stores conform to the strength of the enterprise itself? Put the hope of survival on the investor’s thigh, and how much continuous blood transfusion can you get when the capital market is getting colder? Put the hope of living in the hands of others, how long can you last without online traffic that can make your own decisions?

　　"God helps those who help themselves"

　　Whether love recycling can survive hundreds of offline stores safely, and the dilemma of "stopping" and lack of traffic caused by the serious lack of passenger flow at present is obviously a very big test for it in 2020.

　　The reason is not unrelated to its rapid expansion for many years, so both cash flow and its management, including its operation mode, are worthy of reflection.

　　Perhaps, love recycling has found problems and started to adjust, so the news of personnel changes came out.

　　In addition, this emergency has also taught more enterprises the most important lesson, that is, don’t be blindly optimistic, don’t be overly obsessed with the satisfaction brought about by expansion, and must have a clear understanding of their own capabilities; At the same time, it is very important to pay attention to cash flow management.

　　Regarding the importance of cash flow, Allen Zhu, a partner of Jinshajiang Venture Capital, said on February 2, 2020, "When I was still starting a business in SARS in 2003, the management only took the basic living expenses that year, and the salary was reissued after the balance at the end of the year. This year is more severe than SARS, which is a matter of life and death for many start-ups. We must strictly control the cost and keep the cash for at least 6 months, preferably 12 months, assuming that there is no income. According to this, we can calculate the cost. Live on your knees, and it will be spring in the past! "

　　Allen Zhu also said, "After the epidemic, it will take two or three months for the enterprise to recover its operational data, and it will take another two or three months for it to raise funds after data recovery, so it may take four to six months from the end of the epidemic to getting the money. Entrepreneurs must prepare for the worst, and their income will be less in the first half of the year. They must make the most conservative plan and control cash. "

　　However, it is difficult to change the matter of controlling cash in a short time. Especially when sudden events bring difficulties to a large number of offline-oriented enterprises, how much time will be left to the decision makers of enterprises? After all, the rent of 600 stores and the salary of thousands of employees are already extremely high.

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