On December 23rd, the Office of the US Trade Representative announced that it had launched a 301 investigation against the chip industry in China. The target of this survey is mainly the mature process chips in China.

　　In the past few years, we have the impression that the United States is more concerned about advanced process chips. The United States has done the same. From products to technology and manufacturing equipment, every time the United States introduces trade restrictions, it is restricting China from acquiring advanced process chips from different dimensions.

　　But now, America’s goal has changed.

　　How to understand such a change?

　　This time, there are many clues about the changes in the United States in the official notice of the United States launching the 301 investigation.

　　In the notice, the Office of the U.S. Trade Representative mentioned that it would investigate whether there is overcapacity in China’s chips and the dependence of downstream industries in the United States on China caused by these chips.

　　The reason why these investigation directions are related to the specific problems that the United States is worried about.

　　Recently, the U.S. government completed a study, and according to the research results, two-thirds of American products use mature process chips from China.

　　For this phenomenon of "dependence" on China chips, the US government has a great anxiety.

　　In the eyes of the US government, the development of China’s chip enterprises not only means that the market share and jobs of American chip enterprises have been "robbed", but also means that China has more chips and "threatens" the safety of the American industrial chain.

　　Therefore, according to the "investigation results", the United States will decide whether to impose tariffs or introduce other measures to prevent China chips from entering the US market.

　　In this way, many people can feel that the American rhetoric is already a cliche — — From the relatively elementary manufacturing industries such as chemicals and textiles in previous years to the electric vehicles in recent two years, as long as China has established an advantage in the global market, the United States has initiated investigations and imposed tariffs on the grounds of "disrupting market order at low prices" and "threatening American economic security".

　　However, after inquiring about the data of China’s export of chips to the United States, Mr. Tan found that things were not so simple.

　　△ Since the export data of December this year has not been released, the statistics have selected the data of the same period in the past ten years.

　　It can be seen that China’s exports of chips to the United States have not changed much in the past three years. In other words, "the United States relies on China’s mature process chips" is not a new phenomenon this year, which is not the time when the United States launched an investigation.

　　And the timeline goes back to 2022 — — At the end of this year, China’s chip exports to the United States gradually stabilized at today’s level. Taking 2022 as the coordinate, and then combing how the United States has discussed mature process chips in these years, we will find that,What really promoted the 301 survey is that the cognition of mature process chips in the United States has changed.

　　American media, American think tanks and American government were selected as the statistical objects. In 2022, there was little discussion about "China mature process chips". This year, Biden’s export control measures have just been introduced, which are full of restrictions on China’s advanced manufacturing processes. Americans also have their own hot spots to catch up with.

　　By the end of 2022, China’s chip exports to the United States have increased by more than 60%, reaching the biggest increase in the past decade. At this time, a different voice appeared.

　　At the beginning of 2023, an American think tank published an article pointing out that the focus of the US government was biased, and they ignored the importance of mature process chips.

　　Tan Zhu noticed that this article pointed out a key problem: it is misleading to divide chips into "advanced process" and "mature process".

　　Unlike many people’s first reaction, "mature process chips" do not use outdated technologies, including new technologies such as silicon carbide, which are all used in mature process chips. At the same time, such chips will be continuously improved to meet new requirements and applications.Therefore, traditional chips are destined to maintain a high degree of correlation with emerging industries and technologies for a long time.

　　Tracing back to the source, the term "mature process chip" was originally a military term. In order to promote the development of military technology, the United States made a distinction between "advanced process chip" and "mature process chip". This distinction has nothing to do with industrial logic.

　　The importance of this article lies in the fact that this cognitive rectification has had an effective impact on the US government:

　　｜｜In January this year, the US-China Special Committee on Strategic Competition of the US House of Representatives sent a letter to the US Department of Commerce and the Office of the US Trade Representative, requesting to launch an investigation into mature process chips in China. This is the starting point of the investigation.

　　｜｜Soon, the US Department of Commerce responded first. This year, the U.S. Department of Commerce launched a research on the basis of the U.S. semiconductor industry. This study draws the conclusion that the United States "depends" on China’s mature process chips through statistics.

　　｜｜Based on the evidence provided by the US-China Special Committee on Strategic Competition and the data studied by the US Department of Commerce, the Office of the US Trade Representative finally decided to launch the 301 investigation.

　　Initially, the US-China Special Committee on Strategic Competition paid attention to the progress of mature process chips in China, largely because it saw this article.

　　In their letters asking the US government to launch an investigation on mature process chips in China, a large number of opinions and data of this article appeared.

　　△ Letter from the "US-China Special Committee on Strategic Competition" requesting an investigation on mature process chips in China.

　　In other words, this 301 survey reflects that the cognition of the relationship between industrial competition and technological progress in the United States is changing. This also makes this 301 survey more symbolic than before.

　　Cao Yun (Former practitioners of chip enterprises in China）：

　　● From the perspective of our industry, technological innovation will be divided into different links to discuss. Now, the improvement of chip production process is the most important, not the innovation of the source.

　　●　The improvement of chip production process is divided into process node improvement, material improvement, yield improvement and detail optimization. As mentioned above, using silicon carbide on mature process chips belongs to material improvement.

　　China has a unique advantage that it has the most comprehensive manufacturing category in the world, which means that we can promote innovation in all processes and links of the chip industry chain.

　　From this point of view, it is unrealistic for the United States to try to block the development of advanced process chips in China and then suppress the whole chip industry in China.

　　Now, the United States is beginning to understand that simply blocking other countries’ access to advanced technology and products in areas where it has technological advantages cannot maintain its advantages for a long time.

　　From this "reflection", we can also better understand the objective law of the development of the chip industry.

　　You can look at such a set of data.

　　In 2024, the US chip market is expected to grow by 23.7% year-on-year. But there are two important driving forces behind this data:

　　In 2024, the global chip market is picking up, and it is expected to increase by 20.7% year-on-year. At the same time, NVIDIA’s revenue in 2024 is expected to increase by over 100% year-on-year, becoming the biggest driving force for the growth of the US chip market.

　　But it also means that most chip companies behind it are "dragging their feet".

　　Master Tan counted the top ten chip companies in the United States except NVIDIA, and found that 80% of them had a revenue growth rate far lower than that of the global chip market this fiscal year. Even, five companies are expected to have negative growth this year.

　　By combing the chip policy of the U.S. government in the past four years, we can see that the thinking of the United States is basically "two-legged": subsidizing American enterprises through the Chip and Science Act, and restricting the export of advanced technologies to curb the development of China enterprises.

　　After four years, obviously, the result is not ideal.

　　US Commerce Secretary Raymond recently said: It is futile to try to contain China. But there is still a half sentence that she failed to say. At the same time, the US government’s assistance policy was not successful. These two factors have jointly caused the dilemma of American chip companies today.

　　The Chip and Science Act was signed in August 2022, but it was not until the end of 2023 that the US government approved the first subsidy. According to relevant disclosures, as many as 40% of large-scale projects have been postponed or stopped indefinitely because of the ineffective promotion of the Chip and Science Law and the Inflation Reduction Law.

　　Not only can the US government not help American companies, but more importantly, this year was originally a year of recovery in the global chip market, and many chip companies are expecting a rebound in profits. However, the "chip method" has become an obstacle to this vision — — The "chip law" has set up protectionist provisions, and accepting subsidies from the United States means giving up markets in other countries.

　　The choice of market is a particularly important issue this year.

　　Professionals told Tan Zhu that a large number of chip companies were pushed to set up factories in the United States through huge subsidies and political pressure, resulting in industrial transfer under non-market conditions, which would lead to increased costs. According to estimates, the cost of opening a new chip factory in the United States is about 30% to 50% higher than that in Asia, which will be shared among chips produced in the United States in the future.

　　In the long run, perhaps the profits of these factories in the future can make up for these costs. But for many companies, they don’t have the luxury to think about the market in 10 years.

　　In the past three years, every year, the global chip market has a new atmosphere:

　　｜｜From 2022 to 2023, the phenomenon of "hoarding goods" first appeared in the global chip market, which promoted enterprises to expand production, and then there was the problem of oversupply.

　　｜｜In 2024, the focus of the global chip market shifted from the previous CPU chip to the GPU chip driven by artificial intelligence.

　　When the wind is high and the waves are urgent, should we choose the mature industrial chain that has been verified in the global chip market, or choose the illusory idea of the US government to build a new industrial chain?

　　Professionals told Tan that the United States interfered with the balance of supply and demand of global chips, and trade disputes would follow. For enterprises, these are risks.

　　The more global scientific and technological innovations emerge and new development opportunities emerge, choosing unknown risks is essentially giving up development opportunities.

　　In other words, the act of reshaping the global chip industry chain has not made the United States more "safe" as the US government said, but has destroyed the market environment on which American enterprises depend for survival and growth.

　　Master Tan once discussed a question with chris miller, the author of Chip Wars. What was the final result of American intervention in the global chip industry chain?

　　Chris miller (American historian, author of Chip Wars.）：

　　●　The most likely situation is that there are more and more "separated" supply chains, which eventually produce completely independent or parallel supply chains. At present, this trend has appeared.

　　●　An obvious impact is that this will lead to inefficiency, and countries will spend a lot of manpower, financial resources and time on the same research. The cost is huge, and the sacrifice of the chip industry is also huge. You know, we could have made progress together and accelerated the development of technology.

　　The peak of human wisdom should have been used to explore the sea of stars. It would be a pity if it was consumed in meaningless competition for the sake of zero-sum game.

　　Not to mention, the way of competition chosen by the United States has been proved to be the wrong way.

　　From 2018 to 2021, American importers paid nearly $123 billion to cover the increased tariff costs. According to the report of the American Chamber of Commerce, if the tariff rate of 25% of the previous administration is continued, the United States will lose $190 billion annually by 2025 and $250 billion annually by 2030, which will make the United States lose nearly $1 trillion in economic growth potential.

　　According to the United States’ own forecast data, by 2029, China will further expand its global market share, accounting for about 50% of the global market for mature process chips.

　　On this basis, the chip will also be related to the normal operation of key industries such as communications, enterprises, electronic equipment and industrial manufacturing in the United States.

　　If the United States imposes tariffs on China chips, it will surely bring huge losses to itself.

　　Not to mention, this time, 301 survey is used, which points to unfair trade in global trade. Professionals told Tan Zhu that in the global chip industry, the United States has the largest subsidy, and the United States is the biggest unfair manufacturer.

　　What the U.S. economy really needs is not to think hard about what kind of China products to suppress, but more importantly, to completely jump out of this thinking and help American enterprises return to the wave of free flow of global trade to find opportunities for growth.

　　For any American government, this is the truth they need to see.

CCTV News:At present, the nucleic acid testing of all staff in Wuhan, Hubei Province is being carried out in an orderly manner. How to finish the task efficiently in the shortest time? The power behind this is not only the concerted efforts of medical staff and citizens to fight the epidemic, but also the "hardcore" technology "weapons" invested by medical institutions and technology enterprises.

At 8 o’clock in the evening, more than 200 people in Longyang Street, Hanyang District were waiting in line to do nucleic acid. Liu Zhilian, the person in charge of the scene, had a special interview during the busy interval.

Wu Hui, who came for an interview, has 11 years’ experience as a nurse, and she is eager to participate in this epidemic.

Volunteer Wu Hui:Although I have left the hospital now, I think we need to come forward and contribute our little strength in this epidemic.

Because of her rich experience, Wu Hui passed the interview. She immediately put on a red vest and prepared for tomorrow’s nucleic acid test with other volunteers. In more than 2,800 sampling points in Wuhan, there are still many "uninvited" volunteers like Wu Hui.

In Donghu Road community nucleic acid testing point, every resident has a special guide when testing nucleic acid.

Li Feng, the fourth-level director of the directly under the authority Working Committee Office of Hubei Provincial Party Committee:I started to make preparations at 6 o’clock in the morning and worked until the early morning. Last night, I worked until nearly 12 o’clock.

The strength of science and technology is also helping the whole staff to detect nucleic acids. Ms. Wu of Donghu community felt a robot doing nucleic acids.

Ms. Wu, a resident of Donghu Community in Wuhan:It will move left and right, then turn around, and you will obviously feel something circling in the upper part of your throat.

This is the first mobile nucleic acid detection vehicle in Hubei. The robotic arm equipped with artificial intelligence algorithm collects one sample in one minute, and can detect nucleic acid of 24 samples at the same time, and the results can be obtained within 45 minutes at the earliest.

Li Yirong, Director of Laboratory of Zhongnan Hospital of Wuhan University:The traditional PCR technology is divided into three temperatures to amplify it (sample), which means that it takes time for the instrument to switch between the three temperatures, but it only has a temperature of 60, so it can shorten the time.

　　CCTV News:The Party’s Report to the 20th CPC National Congress has drawn a grand blueprint for the future development of China. Delegates to the congress said in succession that in the new journey, we should be upright and innovative, move forward bravely, put the major decision-making arrangements made by the 20th National Congress of the Communist Party of China into action, see results, and create new great achievements with new great struggles.

　　Deputies believe that the Party’s Report to the 20th CPC National Congress is our Party’s political declaration and program of action that unites and leads the people of all ethnic groups throughout the country to uphold and develop Socialism with Chinese characteristics in the new era and new journey, and further points out the direction of the cause of the Party and the country.

　　The brilliant achievements in the past ten years are inspiring, and the bright future of Chinese modernization is desirable. Representatives from all walks of life unanimously said that it is the right time to forge ahead in a new journey and struggle, and we should unite and struggle for building a socialist modern country in an all-round way and promoting the great rejuvenation of the Chinese nation under the guidance of the spirit of the 20th Party Congress.

　　Ke Xiaohai, representative of the 20th National Congress:I am very excited, and there is a kind of motivation that makes me feel anxious to return to my hometown, lead our party member people to work hard, and plan our rural revitalization industry, so that our people can really enjoy the dividends brought by the spirit of the 20th National Congress.

　　Wang Xiujie, representative of the 20th National Congress:I must, as the Supreme Leader General Secretary requested in Report to the 20th CPC National Congress, enhance my ability to think boldly and be good at fighting, and help the early realization of the goal of building a world-class science and technology power with more excellent scientific research achievements.

　　Chen Ziliang, representative of the 20th National Congress:After the meeting, let the spirit of the 20th Party Congress take root in the sub-branches, innovate and serve Guangdong-Hong Kong-Macao Greater Bay Area, Pilot Zone and Qianhai Free Trade Zone, and improve the quality and efficiency of manufacturing financial services.

　　Zhao Shiqing, representative of the 20th National Congress:In the future, the twin-city economic circle in Chengdu-Chongqing region will work together to build world-class advanced manufacturing clusters such as aerospace, rail transit and power generation equipment, and become an important growth pole for high-quality development in the country.

　　Ye Ling, representative of the 20th National Congress:In the future, we should improve the level of medical services, enhance the balance of medical resources, and protect the physical and mental health of the people.

　　Bai Mei, representative of the 20th National Congress:Next, we will focus on the concept of green, intelligent and low-carbon construction, and strive to create a beautiful and livable living space for the people.

　　Gersila &bull, the representative of the 20th National Congress; Rehati:We all ethnic groups will hold together like pomegranate seeds, make concerted efforts and work hard to create a better future, and continue to struggle for the goal of the second century under the leadership of the Party.

Tengshi DENZA, a joint venture brand between BYD and Daimler, launched its brand and concept car at the Beijing Auto Show last year. The production model will be launched this year, and the debut of the production model is likely to be at the Shanghai Auto Show in April. A few days ago, we once again obtained the spy photos of the test car of Tengshi DENZA, and with the passage of time, more details gradually became clear.

[The taillights and headlights in the production version have clear outlines, which are obviously different from the concept headlights. The charging socket is hidden under the sealed cover plate in the middle of the air intake grille]

Although the taillights of the production model are temporary light groups like the headlights, the contours have become clear, which is very obvious from the design of the light groups of the concept car. However, the outline of the car body is basically similar, and it adopts a pattern similar to a hatchback and a half. From the side, it is a hatchback model, and the wide C-pillar and the tail box are completely integrated. But from the tail, it is basically a sedan version, with the rear windshield concave, and the trunk is the same as the sedan, with only the trunk lid and the rear windshield fixed.

The side door is still a conventional open design, rather than a concept car split structure. The charging socket is hidden under the sealed cover plate in the middle of the air intake grille. According to the information we have before, the DENZA model does not use the old Mercedes-Benz B-Class platform as reported earlier. For example, the rear suspension system is a torsion beam non-independent suspension, while the Mercedes-Benz B-Class does have a multi-link independent suspension structure. At this point, it is also different from BYD’s own E6 pure electric vehicle, which is also a multi-link independent rear suspension structure.

Previously, the spy photos of the central control panel of DENZA model and the integrated multimedia system panel with black piano paint have been exposed. However, it is not a sci-fi suspended central control panel that can slide horizontally on the concept car. The production model also does not use the camera-type exterior rearview mirror on the concept car. However, the newly exposed gearbox gear lever area is still very scientific and technological, which should be the same as E6 pure electric vehicle. The so-called gearbox gear lever is mainly an adjustment switch of motor drive mode, including four different gears: R, N, D and P. However, the gear of DENZA model adopts a design similar to Lexus’ Remote Touch, like a floating mouse. At the front of it is a water cup holder with a hole.

As a joint venture brand between BYD and Daimler, DENZA’s future is still difficult to determine. Obviously, both manufacturers have left their own hands. Daimler’s aim is to fully absorb the global technical resources of electric vehicles in the new energy era. Not only did Daimler cooperate with BYD, but also took a stake in Tesla, a famous American electric vehicle manufacturer, and the cooperation was further deepened, applying its electric vehicle technology to its own Mercedes-Benz brand models.

Daimler walks on two legs, and the cooperation enthusiasm with Tesla is higher. It is still difficult to determine whether the DENZA model jointly invested with BYD can go to overseas markets as expected. However, it is obvious that BYD has left a back road for itself, and the purpose of cooperation with Daimler is more to grasp the automobile manufacturing standards faster and more accurately, with a view to greatly improving its own car-making technology.

At the same time, BYD’s own electric vehicle technology is still being continuously developed and improved. For example, the bidirectional inverter charging and discharging technology is its latest research and development achievement. Many new modes, such as "vehicle-to-grid mode", electric vehicles can not only charge through the grid, but also feed electricity back to the grid; "Car-to-car mode" can realize mutual charging between electric vehicles. It integrates the functions of drive motor, vehicle charger and DC charging station, which greatly reduces the investment of professional charging stations, simplifies the charging standard and can easily adapt to the power supply situation in different markets.

moreBYDJoint venture brand with DaimlerTengshiFor DENZA car information, please see the related reading on the next page.

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Related reading:BYDDaimler DENZANew carThe interior looks like a starter.Benz b

In February, Sohu Auto first exposed the first spy photos of BYD Daimler Electric Vehicle Joint Venture Company. Last week, Sohu Auto once again exposed the product logo of BYD-Daimler joint venture company and the possible Chinese name. Today, Sohu Auto brings you the interior of the first new car of this joint venture company. Similarly, this is the first time that this new car interior has appeared in the public eye.

Denza new carInterior first exposure and cashMercedes-benz class bStyle approximation

The spy photos of the car’s appearance show that the first model of the joint venture between BYD and Daimler is code-named PT1, which we will call it hereinafter.

From the interior spy photos, the overall interior style design of PT1 is highly similar to that of Mercedes-Benz B-Class, and the design from instrument to center console is almost the same. It’s just that the LED display screen installed on the center console is expected to have a size of 7 inches, which makes the whole interior show the difference and reflects more sense of science and technology. The interior of the whole car adopts the color matching of black on the top and rice on the bottom, which is a common color matching, and the middle is inlaid with mahogany decorative strips, which is suitable for the style of the family car.

Although the new car adopts the consistent steering wheel design of BYD in recent years, it is learned from insiders that the steering wheel installed on the test car does not belong to PT1, but is borrowed from BYD. In the future, the steering wheel of PT1 may adopt a brand-new design. Due to the tight camouflage of the test car, we can’t see other details of the interior.

Along with the exposure of the interior, there is also a clearer photo of the front face. Through it, we also know more specifically the specific appearance of the front face design of this model. Because it is an electric vehicle, the size requirement of the air inlet of the vehicle is not so high, so there is a large area of decorative plate in the middle of the air intake grille of PT1, and the new logo of the joint venture company is in the center of the decorative plate.

The bumper design of the new car doesn’t have much brilliance, but although it is an electric car, it still has a large air intake on the bumper. It seems that its front face is no different from that of an ordinary gasoline car.

Power system or source e6,baseNot completely copiedb grade

Through the appearance we have exposed and the interior spy photos of this exposure, I believe that we have a relatively emotional understanding of PT1. Then, what is the relationship between the powertrain and chassis of this model and the two companies?

Whether PT1′ s power system completely copied BYD e6′ s power system has not been confirmed, but according to insiders, the car’s battery system is closely related to BYD e6. That is to say, at least the battery system of this model comes from BYD’s iron battery system. BYD started with the battery business, which is exactly their strength.

Although we have basically confirmed that this new car is based on Mercedes-Benz B-Class, we found through spy photos that the rear suspension of the test car is obviously different from the current Mercedes-Benz B-Class. Mercedes-Benz Class B is a multi-link independent rear suspension, while PT1′ s rear suspension is a torsion beam semi-independent suspension. The main reason for the change of rear suspension may still be based on cost considerations. Due to the high battery cost of electric vehicles, in other aspects, cost optimization is a must.

After communicating with relevant people, we learned that the PT1 motor, battery and electronic control (the three core components of electric vehicles) are all BYD’s, and its body will be slightly longer than Mercedes-Benz B, and some of its technologies are indeed similar to BYD e6, but it has also been greatly improved.

At the end of this month, BYD-Daimler joint venture company (the new joint venture company is just a research and development center because it has no production qualification) will soon release a brand-new brand and logo, and the English official website of the company can be linked at present. Although it can be linked, it is not known whether the website content is the final confirmation version). The first model of the joint venture company, PT1, will be exhibited at the Beijing Auto Show next month, when we can read the true face of Lushan Mountain.

　　This year is a highlight year in the history of marathon. On October 12, Kenyan male athlete Kipkog broke the human limit in Vienna and successfully ran into the two-hour marathon. On October 13th, Kenyan woman Bridget Koschi broke the world best result in the women’s marathon, which has been maintained for 16 years, in Chicago. In the 39th Beijing Marathon, which ended on November 3rd, the men’s race record was also refreshed again.

　　In recent years, the number of marathon events and various road running events has been blowout. With the participation of more and more people, road running has gradually become an urban culture that leads the national fitness trend.

　　According to the Business Value Report of Sports Industry in China, among the sports that people often participate in, running ranks among the best with 43% participation. Road running, represented by marathon, has become one of China people’s favorite fitness exercises and an important platform for national fitness. In 2018, the total number of participants in the national marathon and related events was 5.83 million, an increase of 4.33 million over 2015.

　　A group of statistics released by IAAF on amateur runners and runners around the world in June this year show that in the past 10 years, only about 12% of all runners took part in marathon (marathon duration is 42.195 kilometers), while the number of people who took part in half marathon (hereinafter referred to as "half horse") kept increasing, accounting for about 30%. The "5 km" has the largest number of participants, accounting for about 35% of all runners. In China, the scale of road runners is also growing.

　　So "5 km", "10 km", "half horse" and "whole horse", which event is suitable for you and how to run healthier? On November 2nd, more than 50 people, including leaders of more than 20 national road running/marathon trade associations and runners from Beijing, Inner Mongolia, Anhui, Jilin, Hebei, Jiangsu, Shandong, Shanxi, Shaanxi and Jiangxi, gathered in Beijing to participate in the symposium on "Marathon and Great Health" jointly held by "Healthy China" edition of China Youth Daily and Beijing Marathon Association. Participants discussed the relationship between road running and personal health, marathon and industry health, and marathon and social health atmosphere from the perspectives of education, medicine, media communication and the development of road running industry, so as to convey the concept of scientific fitness to fitness enthusiasts.

　　Marathon is an extreme sport, and every participant should treat it with caution.

　　There are probably the following motivations for people to participate in road running: at the physiological level, in order to keep healthy or lose weight; On the psychological level, in order to increase self-confidence, pursue the meaning of life and cope with negative emotions, gain a sense of accomplishment in competing with others and achieving personal goals; At the social level, I hope to associate with others and get recognition.

　　From illness to running 59 marathons (including 22 "all horses"), Wen Caifeng, a runner over 50 years old, started running for health. Because of encephalitis, she was once "immune" in college. After graduation, she went from sub-health to minor illness, and then she was hospitalized almost every year. Wen Caifeng realized that hospitals can only treat diseases and only exercise can make herself healthy, so she started running and ran into the marathon. Wen Caifeng’s running goal for himself is "no injury, longer, faster and healthier".

　　How to know the marathon, and what are the misunderstandings of the public about the marathon? Zhao Fuming, president of Beijing Marathon Association, said that people who never run talk about "horses", while some enthusiasts will excessively pursue personal best (PB). "First of all, we should realize that as amateur runners, we are far away from competitive sports. Even those who have the best performance among runners should also realize the gap and not aim too high; Secondly, it should be Do not forget your initiative mind. When running, ensuring health is the top priority, without affecting normal work and life, scientific fitness, and enjoying a healthier life through exercise. " Zhao Fuming believes that the marathon itself is an extreme sport, and every participant should be treated with caution.

　　Sports medicine experts teach you how to run safer.

　　Zhu Jingxian, a medical supervisor and sports physician in Peking University Institute of Sports Medicine, started with the case of sudden death in a marathon and analyzed who was not suitable for running a marathon. She warned everyone to run scientifically and safely, and to keep running for health.

　　"Marathon is a typical extreme challenge project, and its first finisher died suddenly at the finish line, which is enough to show us the risks of this sport. However, it is also a sport full of challenges and enjoyment. Regular running will make the brain secrete more dopamine and endorphins, which will make people happy and even ‘ Addiction ’ 。” Zhu Jingxian said.

　　According to incomplete statistics, since 2014, more than 20 runners in China have died suddenly in the "Half Horse" or "All Horse" race or after the race. Foreign literature statistics show that the incidence of sudden death in marathon is 0.6/100,000-1.9/100,000, while in China, the incidence of sudden cardiac death in the whole population is 41.84/100,000, which is much higher than that in horse racing. Zhu Jingxian believes that "we can do more work to further avoid tragedies, and nip in the bud is the key."

　　Zhu Jingxian said that people with cardiopulmonary diseases and potential heart diseases are not recommended to participate in the competition. How to find potential heart diseases, such as congenital heart disease and hypertrophic cardiomyopathy, is the key to reduce sudden cardiac death during or after the game. "We suggest that the contestants go to a regular hospital for the following examinations before the competition: electrocardiogram, echocardiography and cardiopulmonary exercise experiment. Physical examination before the game is very important. " Zhu Jingxian said.

　　Secondly, the contestants need to run step by step before the race, and regular running habits are the basis to ensure the completion of the marathon. "Generally speaking, people who have never run for a long distance, even if their physical fitness is good, are not recommended to participate in the marathon. For the first time, a strange sports event is prone to sports rhabdomyolysis, and in severe cases, renal failure may occur. " Zhu Jingxian said that for the first-time marathon runners, only after completing the running training equivalent to the whole marathon distance before the competition can they better play their level in the official competition, and at the same time reduce the risks of sports injuries and sudden death. Amateur masters who have participated in many marathons should also be careful not to blindly pursue achievements. "You should pay attention to your feelings in the race. If you are unwell, stop the race in time and seek medical support. If you stay up late, catch a cold and are in poor health before the game, it is recommended to give up the game. "

　　"The most prone to cardiac arrest is the runner whose pace (a concept often used in marathon training, which refers to the time required for a runner to run 1 kilometer) is between 5 minutes and 6 minutes and 30 seconds, that is, ‘ Quanma ’ The competition takes 3.5 -4.5 hours ‘ Amateur master ’ . 52% of cardiac arrest occurred in the last 10 kilometers of the marathon. " Zhu Jingxian said.

　　The common sports injuries in running are mostly concentrated in hips, knees and ankles. Dr. Zhu reminded runners to do what they can. "For short-term injuries, they can be cured through rest and physical compensation; Reversible long-term damage can be cured by drug therapy+physical factor therapy+rehabilitation training; However, for irreversible long-term damage, surgery is needed, and it may also cause permanent functional loss. "

　　Dr. Zhu Jingxian reminded runners: nutritional supplements at ordinary times, before, during and after the game should be paid enough attention; Running equipment should be based on ensuring safety, and it is not expensive to be right. Finally, she particularly emphasized that muscle strength training is very important for runners. "Muscle strength is the armor that protects joints and the cornerstone of PB."

　　The road running industry is in its infancy and full of opportunities.

　　Zhu Donghui, secretary of the Party Committee of Beijing No.3 Middle School, is also a marathon runner. Together with the headmaster of No.3 Middle School who is also a runner, he has formed a 70-person teachers’ running group and has participated in several events organized by Beijing Marathon Association. At the same time, the school also designed a 3 km -10 km running training plan for students of different ages. "The sense of accomplishment of students holding special medals after the game is more effective than any kind of verbal mobilization. It is our ultimate goal to cultivate students’ healthy habits through the guidance of teachers. Running is a lifelong benefit, and I believe that running students can also influence parents and friends around them. " Zhu Donghui said.

　　Road running industry associations and various running groups all over the country are grass-roots organizations that undertake and lead the vast number of road running people. Zhao Fuming believes that at present, the road running industry is in its infancy and has good development opportunities.

　　In this year’s National Day mass parade, Beijing Marathon Association organized more than 200 members to participate in the first set-up running group phalanx. Up to now, Beijing Marathon Association has hosted, undertaken and co-organized 13 events, conducted 1,140 public welfare trainings and 20 certification trainings, with about 58,000 participants, covering the Beijing-Tianjin-Hebei region.

　　How should local trade associations achieve healthy development? Zhao Fuming believes that the nature and positioning of industry associations should be clarified; Form a work team with common goals; Implement valuable work items; In line with the national strategy of healthy China, it is the key to actively cooperate with government policies and requirements.

　　Create a social atmosphere of scientific movement and healthy life

　　Hou Pengcheng, director of the Beijing Sports Federation Office, said that one of the functions of the Beijing Sports Federation is to strengthen the function of social organizations to lead the national fitness and activate the vitality of social organizations. As the organizer of the half-horse race in Beijing Park, the Beijing Sports Association is most concerned about the running safety and the health problems caused by it. The social atmosphere of healthy running is created by every runner. "The theme of this conference is to make scientific fitness the top priority in every runner’s mind. Don’t just throw yourself into a sport with cool fashion or beautiful equipment, but slowly integrate into it on the basis of fully understanding the risks, advantages and disadvantages of the project."

　　Hou Pengcheng suggested that runners should be responsible for their own health, combine their own characteristics and learn from others’ experience in running, and form the habit of lifelong exercise.

　　Xu Zhengbiao, deputy head of Huai ‘an Running Group in Jiangsu Province, and Lei Huashou, chairman of Nanchang Athletics Association, shared local experience in carrying out activities at the meeting. Cen Chuanli, honorary president of Beijing Marathon Association and former editor-in-chief of CCTV Sports Channel, made an analysis from the perspective of media promotion of running and great health. He thought, "Create a ‘ Scientific movement and healthy life ’ A good atmosphere is the responsibility of the media to serve the public. "

　　China Youth Daily China Youth Network reporter Lei Zhang

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The fourth in a series of reports on China’s new measures to expand and open up.
Foreign trade innovation measures make opening up benefit the world

On April 13, 2018, at the Qingdao Port Foreign Trade Container Terminal in Shandong Province, vehicles were transporting containers loaded and unloaded by liner ships.Yu Fangping (People’s Vision)

On May 6th, 2018, China Yiwu Import Commodities Expo opened. The picture shows the exhibitors introducing Turkish craft lamps to foreign businessmen.Gong Xianming (People’s Vision)

On April 15th, in the import exhibition area of the 123rd Canton Fair, a company from South Korea was promoting a blender.Xinhua News Agency reporter Liang Xushe

Jiangsu Nantong Comprehensive Bonded Zone Import Commodities Direct Marketing Center, where more than 8,000 kinds of imported commodities from more than 20 countries and regions such as France, Germany, Japan and South Korea are displayed and sold.Xu Congjun (People’s Vision)

On April 10th, the Supreme Leader of president, China attended the opening ceremony of the 2018 annual meeting of Boao Forum for Asia and delivered a keynote speech. The Chairman of the Supreme Leader announced the major measures that China will take in opening wider to the outside world. The Supreme Leader pointed out that China does not aim at pursuing a trade surplus, and sincerely hopes to expand imports and promote the balance of current account.

In recent years, the China government has always attached importance to changing the development mode of foreign trade, not aiming at the pursuit of trade surplus, promoting the balanced development of foreign trade, actively expanding imports, and continuously improving the breadth and depth of market opening.

Taking the initiative to expand imports as one of the four major measures to open wider to the outside world, this innovation in foreign trade practice once again shows the world China’s determination and confidence to actively open up to the outside world, which is generally welcomed by the international community. International public opinion believes that China’s clear release of such a positive import policy signal shows China’s responsibility for maintaining the process of globalization and free trade.

This year will be the first year to expand imports.

"2018 will be the first year for China to expand imports." Lu Jinyong, a professor at university of international business and economics Institute of International Economics and Trade, judged this. He believes that the policy information on "expanding imports" released by the Chairman of the Supreme Leader in the keynote speech at the opening ceremony of the 2018 annual meeting of Boao Forum for Asia is positive and clear.

A series of actions, such as reducing tariffs, increasing the import of products with distinctive advantages, accelerating the process of joining the World Trade Organization’s Agreement on Government Procurement, and holding the first China International Import Expo, show that China is starting from the direction of policy strength, taxation and building an international trade platform to expand imports.

In terms of tariffs, in recent years, China has substantially reduced import tariffs on some products. According to the data of the Ministry of Commerce, as of January 11th, 2018, China has achieved zero tariff on more than 8,000 kinds of imported products. Taking agricultural products as an example, the import tariff of red wine in Georgia and Chile has been reduced from 14% to 30% to zero. Taking industrial products as an example, the import tariffs on some Swiss watches have been reduced by 50%; South Korea’s import tariffs on refrigerators, rice cookers and other products have been reduced by 40%, and will be reduced to zero tariffs in a few years. Gao Feng, a spokesman for the Ministry of Commerce, said that products with nearly one-third of China’s total imports can enjoy preferential tariff treatment in the FTA, most of which are end consumer goods.

China has also actively guided the import of products with distinctive advantages. On May 1st this year, China abolished import tariffs on 28 drugs, including anticancer drugs, and encouraged the import of innovative drugs. Experts in the industry have assessed that the import of anti-cancer drugs is expected to achieve a price reduction of at least 20% after comprehensive consideration of measures such as zero tariff on imports, reduction of VAT tax burden and centralized government procurement. This means that the cost of importing anticancer drugs from China market can be greatly reduced, and the drug quality and legal problems caused by "Haitao route" can be avoided.

Experts pointed out that the import trade platform that China is building mentioned by the Supreme Leader in his speech on April 10th will be an important support for China to actively expand imports. In this regard, Xing Yuqing, a professor at the National Policy Research Institute of Japan, said that China will expand its domestic market, build a larger import platform, greatly reduce tariff and non-tariff barriers, and lower the threshold for foreign investment to enter oil refining, communications, finance and Internet services, which will bring new growth impetus and source to China’s economy. He said: "I believe that many enterprises in China will win the competition with foreign capital. An open China will become a defender of the fairness and stability of the international trade order. "

Increasing imports and promoting consumption return

On the second day of the May Day holiday, Wang Lewei, a resident of Shilibao, Chaoyang District, Beijing, and his family came to the nearby box horse fresh supermarket. Australian lobster, French oysters, Russian king crab, Norwegian arctic cod … are not only rich in variety, but also affordable. Wang Lewei’s family enjoyed a delicious imported seafood dinner. "Before I wanted to eat imported seafood, I had to go to a big hotel, which was expensive. Now I can feast my eyes on it in the supermarket. It feels great."

Thanks to the development of new formats such as cross-border e-commerce and the reduction of import tariffs, more and more high-quality consumer goods from all over the world have entered China. "Easy to buy the world" has brought convenience and dividends to consumers. "Expanding imports has limited impact on domestic consumer goods. More importantly, in the long run, expanding imports is of great significance for promoting industrial transformation and promoting consumption upgrading. " Zhao Ping, director of the International Trade Research Department of the China Council for the Promotion of International Trade, said.

Huang Songping, spokesman of the General Administration of Customs, said that this year, we will reduce the import tariffs on automobiles by a considerable margin, and at the same time reduce the import tariffs on some other products, and strive to increase the import of featured and advantageous products with concentrated demand from the people. Lu Jinyong believes that moderately expanding imports can promote and promote the high-quality development of China’s economy in many ways.

"Some imported consumer goods are not available in China before, which may refresh domestic consumer awareness and drive domestic related industries to achieve progress from scratch." Ye Changqing, Marketing Director of Shenzhen Baoshijie Sanitary Ware, said that a few years ago, many domestic consumers didn’t know about smart toilet seats, and most domestic manufacturers OEM for foreign brands, with few independent brands. Later, with the increase in the import of smart toilet seats, the awareness of domestic consumers is getting higher and higher, and the demand is constantly being released. Many domestic smart toilet seat manufacturers not only have their own brands, but even set up R&D centers in Japan.

In addition, expanding imports will help to keep a large amount of outflow consumption at home.

In 2016, China has become the world’s largest outbound tourism source market and the largest outbound tourism consumer. According to the relevant person in charge of the Ministry of Commerce, according to preliminary estimates, at present, Chinese residents spend about $200 billion a year shopping abroad, and the shopping list includes a large number of high-end goods and daily consumer goods. The price difference between domestic and foreign products is the main reason for consumption outflow.

With the implementation of China’s measures to expand imports, this trend is changing.

"It’s much more convenient to buy imported goods than before." Li Li, an employee of an Internet company in Zhongguancun, Beijing, often buys imported snacks, toys and daily necessities for her children. A few years ago, she either made a big purchase when she went abroad, or entrusted a friend who went abroad to buy it. Nowadays, with cross-border e-commerce, most of the "explosive" imported goods can be easily bought.

Liu Dingming, general manager of Sichuan Hezhongxing International Logistics Co., Ltd., who is engaged in import and export business, believes that lowering tariffs has created conditions for expanding imports of consumer goods and lowering commodity prices, and consumers will directly benefit from it. At present, there are more than 50 merchants imported through the company’s logistics platform, and the goods mainly enter community stores and cooperative O2O stores. "In the future, people will buy some imported goods, and the price will be more favorable."

Zhang Jun, chief economist of Morgan Stanley Huaxin Securities, believes that in the process of economic restructuring in China, in order to achieve consumption upgrading and industrial upgrading, it is an inevitable trend to expand imports. With the increase of residents’ income, the demand for overseas high-end consumer goods is rising, and the corresponding reduction of tariffs on high-end consumer goods can meet the demand brought by this consumption upgrade.

In the context of expanding imports, it is promising to strengthen the docking of domestic and international markets. Zhao Ping said that in November, the first China International Import Expo will be held in Shanghai, which is a major policy announcement and action of our initiative to open the market. For domestic governments and enterprises at all levels, this grand event can also form a positive demonstration effect, create more convenient and diverse display channels for imported products, and better serve China consumers.

Innovative measures bring more "China opportunities"

Practice has proved that China’s expansion of imports not only promotes the sustained and healthy development of the capital market and modern industrial system, but also greatly improves the market environment in China, and brings huge market opportunities to all countries in the world.

Su Jian, executive deputy director of Peking University Economic Research Institute, pointed out that in the 2018 government work report, the expression of expanding imports was "actively expanding imports", while the Boao Forum focused on "actively expanding imports". Higher import tariffs and other taxes and fees are important factors that affect China’s import growth. It can be expected that the reduction of import tariffs will make imports grow considerably.

"China’s expansion of imports is not only conducive to better meeting domestic demand, but also conducive to the world sharing China market opportunities." Huang Zhilong, director of the Macroeconomic Center of Suning Financial Research Institute, believes that China has become the second largest economy in the world, with huge potential in the consumer market. It has taken the initiative to expand imports, which reflects the responsibility of a big country and can bring more development achievements and dividends to the world. For other countries, the increase of China’s imports means the increase of their exports, thus gaining more market returns and creating more employment opportunities.

"China has never taken the pursuit of trade surplus as the goal, but has tried to expand imports through a series of pragmatic measures to promote the balance of current account." Zhao Ping said that according to the data of the Ministry of Commerce, up to now, there are 15 free trade agreements in force in China, involving 23 countries and regions, covering more than 8,000 kinds of zero-tariff imported products.

International public opinion has also responded positively to China’s measures to expand imports.

The US "Wall Street Journal" reported that the Chairman of the Supreme Leader promised China to relax its market access in the fields of finance and manufacturing, which shows that China is committed to defending the free trade system. This information pushed up the global stock market.

Craig emerson, former Australian Trade Minister, believes that the world is encouraged by the Supreme Leader’s proposal that China will take the initiative to expand imports. The first China International Import Expo to be held this year will further prove that China welcomes competitive goods.

Hu Yishan, chief consultant of Malaysia Pacific Research Center, believes that the Chairman of the Supreme Leader announced a series of measures to open the market and expand imports, which made neighboring countries including Malaysia sincerely agree. It is hoped that China will continue to hold high the banner of free trade, oppose trade protectionism and safeguard the authority of the multilateral trading system in the face of rising protectionism and anti-globalization. (Reporter Yang Junfeng)

　　A few days ago, the State Council issued the Guiding Opinions on Establishing a Modern Hospital Management System, which will basically form a modern hospital management system by 2020. The "Opinions" put forward three aspects: perfecting the hospital management system, establishing and perfecting the hospital governance system, and strengthening the party building in hospitals, with a total of 20 reform tasks: gradually canceling the administrative level of public hospitals; The heads of health departments at all levels shall not concurrently serve as leaders of public hospitals; Establish a salary system that adapts to the characteristics of the medical industry; It is forbidden to set income-generating indicators for medical staff … …

　　What will happen in the future? What reform dividends will medical staff reap? What will the hospital look like in 2020?

　　What’s the change in seeing a doctor?

　　Increase the service of benefiting the people and you can see a doctor at your doorstep.

　　City doctors have served at the grassroots or counterpart medical institutions for not less than 1 year before being promoted to the title of attending physician or deputy chief physician. Third-level public hospitals should all participate in the construction of medical complexes and play a leading role, further improve medical services, optimize medical procedures, rationally arrange facilities in consultation areas, scientifically implement appointment diagnosis and treatment, and implement daytime surgery, telemedicine and multidisciplinary joint diagnosis and treatment models. Strengthen the emergency rescue force and smooth the green passage in front of the hospital. Carry out information-based convenience services such as medical guidance, settlement between clinics, push of inspection results, and settlement of medical treatment in different places. At the same time, carry out quality nursing services and strengthen the services of social workers and volunteers.

　　Clear the first responsible person, and find the dean when there is a medical accident.

　　Establish a medical quality management and control system that covers the whole process of clinical diagnosis and treatment services, and strictly implement the core systems of medical quality and safety, such as first consultation, three-level rounds, graded nursing, surgical grading management, antibiotic grading management, and clinical blood safety.

　　It is clear that the dean is the first responsible person for the hospital’s legal practice and medical quality and safety, and the responsibility system for medical quality and safety is implemented at the hospital and department levels. Properly resolve medical disputes, promote the construction of "three mediations and one insurance" mechanism that organically combines hospital mediation, people’s mediation, judicial mediation and medical risk sharing mechanism, and build a harmonious doctor-patient relationship.

　　What changes have been made in the treatment of doctors?

　　Pay more for more work, and the salary shall not be linked to business income.

　　The Opinions require that the human resource management system be improved. Establish and improve the management of personnel employment, post management, professional title management, medical practitioners management, nursing staff management, income distribution management and other systems. In terms of post setting, income distribution, professional title evaluation, management and use, the internal and external personnel of the establishment should be considered as a whole. Public hospitals make independent distribution within the approved total salary, reflecting the post differences, taking into account the balance of disciplines, and achieving more work and more rewards. According to the relevant regulations, hospitals can explore the implementation of target annual salary system and agreed salary. The salary of medical personnel shall not be linked to the business income of drugs, sanitary materials, inspection and testing.

　　It is forbidden to set income-generating targets, and patient satisfaction will affect income.

　　The "Opinions" clarify that it is necessary to improve the performance appraisal system. The performance appraisal of hospitals by the government and the organizers will be implemented in departments and medical staff, and medical staff in different positions and ranks will be classified. Establish and improve the performance appraisal index system, focusing on the direction of running the hospital, social benefits, medical services, economic management, personnel training, sustainable development, etc., highlighting the performance of post responsibilities, workload, service quality, behavioral norms, medical quality and safety, medical cost control, medical ethics and patient satisfaction. It is strictly forbidden to set income-generating targets for medical staff. The assessment results are linked to the post employment, professional title promotion and personal salary of medical staff.

　　What are the new highlights of the reform?

　　Cancel the administrative level of public hospitals, and the person in charge of the health planning department is prohibited from concurrently leading.

　　Establish and improve the hospital governance system, actively explore various effective forms of separation of management and operation in public hospitals, and coordinate the implementation of government medical duties. The government exercises the right to hold public hospitals, the right to develop, the right to make decisions on major issues, the right to return on assets, etc., and deliberates the articles of association, development planning, implementation of major projects, revenue and expenditure budgets of public hospitals, etc.

　　Determine the total establishment of public hospitals within the existing local establishment, and gradually implement the filing system. In accordance with the relevant provisions of the Central Organization Department on the management of public hospital leaders, the selection and appointment of public hospital leaders. Gradually cancel the administrative level of public hospitals, and the heads of health and family planning administrative departments at all levels (including Chinese medicine management departments) are not allowed to concurrently hold leadership positions in public hospitals.

　　Luxury decoration is strictly prohibited in hospitals, and the proportion of special services does not exceed 10%.

　　Deepen the reform of medical insurance payment methods, give full play to the role of medical insurance in regulating, guiding, supervising and restricting medical service behavior and expenses, and gradually extend the supervision of medical insurance on medical institutions to the supervision of medical service behavior of medical personnel. Strictly control the bed size, construction standards and large-scale medical equipment in public hospitals, strictly prohibit debt construction and luxury decoration, and gradually compress beds beyond the scale standards. Control the scale of special services in public hospitals, and the proportion of special services provided shall not exceed 10%.

　　Clarify the government’s supervision function and establish a "blacklist" and accountability mechanism.

　　The "Opinions" require that the government’s supervision function on hospitals be clarified. Establish a comprehensive supervision system, focusing on strengthening the supervision of medical quality and safety, medical expenses, large prescriptions, fraudulent insurance fraud, drug rebates and other behaviors in hospitals at all levels, establishing a "blacklist" system, and forming a long-term and diversified supervision mechanism for the whole industry. An accountability mechanism should be established for acts such as arbitrary charges and bad practice that have a significant social impact, acts that cause major medical accidents and major safety accidents, serious cases of violation of law and discipline, and acts that seriously violate the construction of morals. Strengthen the medical service supervision function of the health and family planning administrative department, and improve the access and exit mechanism of institutions, personnel, technology and equipment.

　　Jerry apologizes, Fu Seoul apologizes, and Dong Yuhui pulls the black fun shop to provoke public anger.

　　Jerry:

　　On 26th, Jerry, an actor, issued a statement, saying that we were negligent in not memorizing the experience of the brand predecessor about the brand cooperation of fun shops. After the problem was discovered, both parties had already terminated the contract at the first time, and there was no follow-up cooperation.

　　Fu Seoul:

　　Earlier on the 26th, artist Fu Seoul stated that there was no deep cooperation with the fun shop and no follow-up cooperation. Lack of understanding of the predecessor of the brand, not doing a good job in the enterprise and market. I took the wrong job and was negligent and stupid. I am full of regrets. Really, I deserve to be scolded.

　　Dong Yuhui:

　　On July 18th, Luo Min visited the Oriental Selection Studio and even painted ten carnivals. The other party not only didn’t appreciate it, but blacked him out. On July 21st, Dong Yuhui, the anchor of Oriental Selection, responded to Lahei Luo Min in the live broadcast, saying that "Oriental Selection is the company’s number and has nothing to do with me personally. The director’s little brother has just graduated from college, and sometimes he has some personal grievances. He wants to blacken, and I feel quite reasonable after listening to it. "

　　Chengdu Business Daily-Red Star Journalist Yu Yaoqiang Yaxi Comprehensive Southern Metropolis Daily and China Fund Newspaper

　　Yesterday, stars Jerry and Fu Seoul apologized for cooperating with the pre-cooked dishes in the fun shop, and announced that they would not cooperate in the future.

　　It is reported that the reason why the cooperation with the fun shop is controversial is that the brand and its founder, Luo Min, initially made a fortune by virtue of campus loan business, and recently chose to join the prefabricated vegetable track for the second time. In addition, Luo Min announced that the fun shop will support 100,000 users to start businesses in the next three years, and will also provide one-year interest-free loans for businesses lacking funds, and called Bao Ma to join. At present, this joining mode has also been questioned that the hand of "cutting leeks" has been changed from a student to a treasure mother.

　　The Red Star Capital Bureau noted that after the live broadcast of the fire, the share price of US stocks in the fun store rose sharply on July 18, rising by over 80% in intraday trading. However, from July 19 to 25, the U.S. stocks of fun shops kept falling, with a drop of about 23.3%. As of July 25, the stock price closed at $1.28 per share, with a total market value of $323 million. On the 26th, the U.S. stocks in the fun shop plunged before the market. As of press time, the share price has fallen by more than 7%.

　　Artist apologizes: cancel the contract with the fun shop

　　Recently, artists Jerry and Fu Seoul have been controversial because of their cooperation with pre-cooked dishes in fun shops. In particular, Jerry once said in the live broadcast room of the fun shop that "my heart is particularly warm, like going home", and said that he had known the founder Luo Min for many years, and Jerry had previously endorsed Wan Li Mu, a luxury platform owned by the fun shop.

　　This move caused a large number of netizens to be dissatisfied. They commented in Jerry’s related Weibo, "Do you know how many students the person next to you has harmed?" "You should carefully choose your future partners … … I suggest not to go to the boss’s live broadcast room again. ""Don’t you know who Luo Min is? " "Take care of your feathers, and earn all the money you have made on campus loans" … …

　　Yesterday evening, Jerry issued an apology, saying, "Based on the recent public opinion related to the historical background of the fun shop brand, I am paying close attention to it like everyone else. I feel deeply guilty and sorry to see these negative information. Regarding the brand cooperation of fun shops, it is our negligence not to recite the experience of the brand predecessor clearly. After discovering the problem, the two parties have already cancelled the contract at the first time, and there is no follow-up cooperation. "

　　Yesterday morning, Fu Seoul also issued an apology, saying that "the cooperation with the pre-cooked dishes in the fun shop is a single one, and there is no in-depth cooperation and no follow-up cooperation. I really don’t know the predecessor of the brand, and I don’t do a good job of enterprise and market. I don’t know anything about the possible business model of the brand, and I don’t think so much. "

　　Prior to this, on July 17th, Luo Min, Fu Seoul and Jerry, founders and CEOs of Fun Store, made food, broadcast and bring goods together in the live broadcast room in Tik Tok. This live broadcast, the number of viewers exceeded 95 million, and the cumulative sales of a single game reached 250 million yuan.

　　On July 18th, Luo Min brushed a gift for Dong Yuhui in the live broadcast room of "Oriental Selection", and later released a video saying that he was suspected of being blacked out by "Oriental Selection". On July 21st, Dong Yuhui, the anchor of Oriental Selection, responded to Lahei Luo Min in the live broadcast, saying that "Oriental Selection is the company’s number and has nothing to do with me personally. The director’s little brother has just graduated from college, and sometimes he has some personal grievances. He wants to pull black. After listening to it, I feel quite reasonable. " Dong Yuhui’s response is also considered to be related to the campus loan business of the fun shop.

　　The joining mode of prefabricated vegetables is controversial.

　　This incident not only makes the partners in the forefront, but also makes the public question the pre-cooked food business in Luo Min. Some netizens even think that this is a "pit treasure mother".

　　It is reported that Luo Min once called Bao Ma to join in the live broadcast, saying that opening a store near the community could easily earn thousands of dollars a month. Luo Min said that in the next three years, Fun Store will support 100,000 users to start businesses, solve supply chain, technology and flow problems for offline businesses, and provide one-year interest-free loans for businesses lacking funds.

　　It seems to be supporting entrepreneurship and supporting franchisees. However, Luo Min also mentioned that businesses need to solve their own problems such as the location and decoration of storefronts and the distribution of products. This will put the operating costs and risks of heavy assets such as store rent, decoration and manpower on franchisees. Previously, Sina Finance reported that many brands, like fun shops, are open to joining under the banner of "0 yuan Joining", but before joining, they will require franchisees to purchase large amounts of materials at one time, set a high percentage of sales, directly charge the turnover of offline stores to the headquarters, and increase the prices in the supply chain.

　　Therefore, the public thinks that Luo Min not only earns money from joining, but also lends money to franchisees through the interesting staging platform, which extends the hand of "cutting leeks" from students to franchisees, especially his precious mother. And he resisted Luo Min and the prepared dishes in the fun shops behind him.

　　A little more news.

　　Luo Min, who made a fortune on campus loans, once had a net worth of 12.5 billion.

　　Luo Min’s identity is controversial.

　　As a serial entrepreneur, Luo Min had a great time. At the age of 34, he became the CEO of a listed company with a market value of tens of billions of dollars, realizing his wish of "ringing bells in the United States" when he was young. However, "listing is the peak". Just a few days after listing, the share price of the fun store quickly fell below the issue price, and then the share price plummeted all the way. In just half a year, the share price fell below $10. In 2020, the share price of the fun store directly fell to $2. Today, the share price of the fun shop has fallen below $1. Compared with the market value of $10 billion at the beginning of listing, the market value of fun shops is only about $300 million now, and it has evaporated by 97% in more than four years.

　　The predecessor of the fun shop that brought Luo Min to the peak of his life was fun staging — — It is a financial service platform for college students to provide installment consumption. Simply put, fun installment is the business of campus loan.

　　It is understood that in order to quickly occupy the campus market, Luo Min hired a large number of college students to distribute leaflets, which was expanded to 300 cities nationwide in January. At that time, the propaganda of "zero down payment" and "you can buy an iPhone without selling your kidney" attracted many college students.

　　Five rounds of financing were obtained in just one year, and the total amount of financing exceeded $200 million. In 2017, the fun store founded by Luo Min went public in the United States, with a market value of over 10 billion yuan.

　　In fact, campus loans have been pushed to the forefront because of the frequent incidents of jumping off buildings and suicides caused by students’ inability to repay online loans. Since 2016, the CBRC and local financial offices have stepped up supervision over campus loans:

　　In April 2016, the Ministry of Education and the China Banking Regulatory Commission issued a notice, requesting the establishment of a daily monitoring mechanism for unhealthy peer-to-peer lending on campus to help students enhance their awareness of financial and network security.

　　Subsequently, on August 24, when the CBRC held a press conference on the relevant situation, it was clearly stated that the five-word policy of "stopping, moving, rectifying, teaching and introducing" should be adopted for campus online loans. Corresponding self-discipline documents have also been issued at the local level. The Shenzhen Internet Finance Association issued a notice prohibiting offline sales and campus agency, and prohibiting illegal collection.

　　Subsequently, the fun shop announced that it had successfully transformed the whole society’s non-credit card consumer finance users from the campus market and quit the campus.

　　In October 2017, Fun Store was listed on the New York Stock Exchange, becoming the third listed consumer finance company and the largest Chinese stock in the United States that year. At that time, Luo Min, 34, was also ranked 7th in the 2017 Hurun Post-80s Rich List with a net worth of 12.5 billion.

　　One month before the fun shop went public, the Ministry of Education made it clear that "campus loan business should be banned, and no online lending institution is allowed to issue loans to college students." The fun shop was sued by American investors. On February 28th, 2022, under the direction of the U.S. District Court for the Southern District of new york, Fun Shop and Luo Min paid 8.5 million U.S. dollars in settlement money to several plaintiffs, and this securities fraud lawsuit, which had been fought for more than four years, came to an end.

　　[Pacific Auto] On May 17th, Pure Power (|) of Auto was put into production and rolled off the production line in Yancheng Branch of the Group, and delivered to the first batch of users.

　　It is understood that China FAW Yancheng Branch will invest and transform 30 production lines one after another, reaching the annual output of 100,000 vehicles. In the manufacturing process, the car body welding is 100% automatic, with high precision and zero error, and the 6-layer spraying process brings ultra-high painting quality, and 100% data of the final assembly is uploaded to realize the traceability of the whole car quality. In terms of quality inspection, the laser radar with the measurement accuracy finer than the hair ensures the uniform and beautiful gap between vehicles, and the detection intensity of rain around 360 degrees reaches more than twice the national standard. More than 16 kinds of complex road conditions are tested by industry standards, and 19 rigorous tests in 4 categories reflect the quality standards of China FAW.

　　This factory takes Pentium pony as the first model, and the follow-up planning has a brand-new brand. The second model will be a model, product code E311, focusing on cutting-edge technology, and there will be a brand-new car product code E541 in the future. It is reported that Pentium E311 will be mass-produced at the end of this year or early next year.

　　It is worth noting that on April 30, Pentium Pony started the pre-sale. At present, three models have been launched, and the pre-sale price range is 28,900-34,900. The car is positioned as a pure electric mini-car with three doors and four seats. In terms of design, it adopts a round Q-Meng style, providing 6 exterior color schemes and 5 interior color schemes. In addition, the new car is available in 122km and 170km endurance versions.

　　In terms of design, the Pentium pony adopts a round and cute style, especially the round headlight group at the front of the car, with different color matching decorations, and its personality is cute. Miss Chen should like this style more. In terms of color matching, Pentium Pony offers six optional car colors: Tiandai Green, Cheese White, Camellia Green, Peach Powder, Jasmine White and Bubble Blue.

　　In other details, the car body uses contrasting colors in many places, such as the roof, side skirt trim panels, round decorative parts at the tail, and even the rim cover, which further increases the visual experience of youth and vitality. In terms of body size, the length, width and height of Pentium pony are 3000mm, 1510mm and 1630mm respectively, which is 1953 mm.

　　In the interior part, the design style of Pentium pony is relatively simple, and it mainly adopts straight lines, which also helps to increase the vision inside the car. In terms of configuration, only one LCD instrument panel is provided, and there is no central control panel. Common functions are arranged in the center of the center console in the form of physical buttons, including gear control, window control, air conditioning control and so on. In terms of entertainment functions, there are only radio and USB music functions at present.

　　However, in terms of passive safety configuration, the official said that the Pentium pony comes standard with the main drive and the front and rear rows. In addition, in terms of color matching, Pony offers five fresh interiors, including Tiffany Green, Cherry Blossom Powder, Glazed Blue, Blue Sky and Time Gold. In order to be close to users’ preferences, Pentium Pony provides more than 100 kinds of personalized customization solutions, and the official personalized customization platform will be opened in the future, which is worth looking forward to.

　　In terms of power, the Pentium pony is equipped with a single motor, which is 20kW. In terms of battery life, the new car will be equipped with lithium iron phosphate batteries with three different capacities of 9.4kWh, 9.98kWh and 13.9kWh, and the pure battery life of CLTC will be available in 122km and 170km versions. It is worth mentioning that the new car only provides slow charging, and the charging port is located under the central cover of the front face.

(Photo/Text/Photo: Pacific Auto Pan Hongjun)