[today’s recommendation]

Sudden! Krypton intends to withdraw from the US stock market.

On May 7, Geely Automobile Holdings Co., Ltd. announced that it plans to acquire all the issued shares of Extreme Krypton Intelligent Technology Co., Ltd. Geely Automobile currently holds about 65.7% of the shares of Extreme Krypton. If the transaction is completed, Extreme Krypton will be completely merged with Geely Automobile, privatized and delisted on the New York Stock Exchange. In this regard, Geely Holding Group responded that this move is an important step to further implement the Taizhou Declaration, focus on the main automobile industry, improve resource utilization efficiency and deepen brand synergy.

Lenovo Yang Yuanqing responded to whether the product price increased.

At Lenovo TechWorld on May 7th, Yang Yuanqing, chairman of Lenovo Group, was asked if Lenovo’s products would increase in price as a global company. Yang Yuanqing said that there is definitely no absolute answer, and the supply and demand of parts is a very important consideration. Everyone is concerned that the impact of tariffs will be reflected in product pricing. If there is no further policy change, the impact on prices may not be great. But the future is very uncertain.

NVIDIA said that China’s $50 billion market should not be missed.

On May 6th, local time, NVIDIA CEO Huang Renxun attended the Knowledge conference of the global technology summit of ServiceNow in Las Vegas, USA. On the same day, NVIDIA and ServiceNow jointly launched a new service for enterprise AI agent. Huang Renxun talked about the potential of artificial intelligence and NVIDIA’s latest reasoning model, and once again stressed that China is an important market for artificial intelligence. "China is a very large market for artificial intelligence, and the market scale in the next two or three years may reach 50 billion US dollars. As an American company, it will be a huge loss if it cannot provide services for the China market. " He also said that regardless of the policy, enterprises should remain flexible.

Internet

Taobao and Xiaohongshu reached strategic cooperation.

On the eve of 618, the traffic of Taobao Tmall and Xiaohongshu was further opened. On May 7, Taobao Tmall signed a strategic cooperation with Xiaohongshu to create the "Red Cat Plan", announcing that the two sides will further open up integration and open up the whole link from planting grass to purchasing. From the specific cooperation content, the two sides mainly reached a strategic cooperation on brand merchants planting grass, and jointly established a tripartite account. Brand merchants can observe the full link effect from planting grass to placing orders through Taobao platform, and improve the delivery efficiency. Taobao Tmall will also increase investment, heating and pouring notes for merchants planting grass. At the same time, Xiaohongshu and Taobao will jointly add the function of "advertising hanging chain" below the notes. Brands that joined the pilot in the early stage can realize the direct drainage of content delivery to Taobao Tmall stores. At the same time, Taobao brand merchants can also be placed directly in Xiaohongshu.

JD.COM 618 will be officially opened on May 31st.

JD.COM announced on May 7th that it will officially open JD.COM 618 at 8 pm on May 31st. Prior to this, the heartbeat shopping season will be the first to open at 8 pm on May 13th.

TEMUFull hosting mode in the US has been stopped.

At the end of April, TEMU stopped the full custody mode in the United States, and the goods in TEMU were marked with the labels of local warehouse, "no import fee" and "no delivery surcharge". (Cailian)

TikTokAnnounced a new data center project in Finland with an investment of 1 billion euros.

TikTok announced the new data center project in Finland on May 6th local time, which is an important step in the field of data security in Europe. With an investment of 1 billion euros, local developer HyperCo Oy will build a new data center in Kouvola, Finland. TikTok said that the new data center is the core part of the four-leaf clover project, which plans to invest 12 billion euros to provide data protection for 175 million Europeans. (Interface News)

Zuckerberg’s apple and NVIDIA.

At the Stripe 2025 annual conference held on May 6, local time, the biggest concern was that Mark Zuckerberg, CEO of Meta, made no secret of his hostility to Apple in public, and generously indicated that his management philosophy was quite different from Huang Renxun, the founder of NVIDIA. In a conversation with Stripe CEO and co-founder John keirrison, Zuckerberg publicly commented on Apple and its App Store policy. Although Zuckerberg tried to show a restrained attitude, his words still revealed gloating over Apple’s recent difficulties.

[technology circle]

Huawei Recruitment: We have not conducted any form of internship cooperation with any third party.

On May 7th, Huawei Recruitment issued a document saying that some intermediaries have recently sold Huawei’s "internal internship", "internship recommendation letter" and "remote internship" on the Internet, and some students have been deceived. I would like to remind you that Huawei has no internship methods such as "internal internship" and "remote internship", and has never carried out any form of internship cooperation with any third party (intermediary or individual).

Tencent Yuanbao announced the function upgrade of Wensheng Map.

On May 7, Tencent Yuanbao announced that the function of Wensheng Map has been upgraded, and both Mixed Element and DeepSeek can generate maps. This function is combined with the latest Wensheng diagram model of Tencent, and has been launched at the whole end of Yuanbao.

Volcano Engine released database intelligent assistant DBCopilot

On May 7th, Volcano Engine officially released the first database intelligent assistant in China — — DBCopilot, which has been online in the DBW console of Volcano Engine database workbench.

Google releases Gemini 2.5 Pro "I/O" model.

On May 6th, local time, Google DeepMind artificial intelligence research team released Gemini 2.5 Pro "I/O", which is an upgraded version of the multimodal language model Gemini 2.5pro released in March this year. On the AI ranking list LMArena, the model reached the top on several indicators. At present, the model has been opened to independent developers of Google AI Studio, enterprise users of Vertex AI cloud platform and ordinary users of Gemini applications.

The Federal Aviation Administration allows SpaceX to launch starships 25 times a year in Texas.

On May 6, local time, the Federal Aviation Administration (FAA) released the final environmental assessment of SpaceX’s proposal to increase the number of launches of starships/super heavy orbits in Boca Chica, Texas, allowing the number of launches to increase from 5 to 25 per year.

Foreign media: OpenAI plans to expand the Stargate project to areas outside the United States.

According to foreign media reports, OpenAI plans to expand the Stargate project to areas outside the United States.

[Car ring]

Changan Automobile rumor merged into Dongfeng Group: relevant parties will be held accountable.

WeChat official account, the "Changan Automobile False Information Reporting Center", issued a document saying that during May 5th to May 6th, Changan Automobile discovered a group of organized dissemination of false information from media accounts, slandering China automobile brands and maliciously slandering the relationship between Changan Automobile and other automobile brands. Changan Automobile officially listed the list of relevant self-media accounts, and said that Changan Automobile has taken legal measures to safeguard the legitimate rights and interests of enterprises for the subjects/individuals who spread false information such as "Changan Automobile has been merged into Dongfeng Group as a secondary enterprise".

Zhiji Automobile: The pre-sale order of the new Zhiji L6 reached 24,000 units.

On May 7th, Zhiji Automobile announced that the pre-sale order of the new Zhiji L6 reached 24,000 units. It is understood that the new Zhiji L6 was released on April 18th, with three major configuration versions, and the price range of pre-sale rights and interests is 219,900 yuan-289,900 yuan, and will be officially listed and delivered on May 13th.

LI responded to Li Xiang’s annual salary of 639 million: the actual salary was 2.66 million.

On May 7, LI said: "‘ Li Xiang’s annual salary is 639 million ’ This statement is not accurate. " According to LI, Li Xiang’s total actual salary in 2024 is 2.66 million yuan. At present, the annual sales volume of 500,000 vehicles disclosed corresponds to 18 million shares, which is about 639 million yuan, which belongs to the expenses that the company must keep accounts according to American accounting standards, and is not the actual salary income of Li Xiang. (Red Star Capital Bureau)

Xpeng Motors applied for Iron Man trademark.

Aiqicha App shows that recently, Guangdong Xpeng Motors Science and Technology Group Co., Ltd. applied to register an "Iron Man" trademark, which is internationally classified as a scientific instrument, and the current trademark status is awaiting substantive examination. According to reports, He Xiaopeng, chairman of Xpeng Motors, appeared at the Shanghai Auto Show with the humanoid robot IRON. He Xiaopeng introduced that humanoid robots in Tucki have entered the stage of factory training, with the goal of realizing large-scale industrial mass production in 2026. He expected that robots in Tucki could work with humans in the factory environment in the future to improve work efficiency.

Tucki Huitian responded to "listing in Hong Kong or the United States": At present, the company has no specific information to publish.

On May 7th, it was reported that Xpeng Motors was considering the initial public offering of its flying car subsidiary, Tucki Huitian, and Xpeng Motors had invited a number of banks to bid for a role in the IPO of Tucki Huitian, which may be held in Hong Kong or the United States. In this regard, Tucki Huitian responded that at present, the company has no specific information to publish. (Cailian)

SAIC Volkswagen sold nearly 83,000 vehicles in April, up 5.9% year-on-year.

According to SAIC Volkswagen, in April, SAIC Volkswagen sold nearly 83,000 vehicles, up 5.9% year-on-year, including nearly 14,000 vehicles sold by Tiguan family terminals and nearly 18,000 vehicles sold by Passat family terminals.

The BMW Group’s total revenue in the first quarter was 33.758 billion euros and its net profit was 2.173 billion euros.

On May 7, the BMW Group released a financial report showing that the global delivery volume in the first quarter of 2025 was 586,117 vehicles, down 1.4% year-on-year; The total revenue was 33.758 billion euros, a year-on-year decrease of 7.8%; The net profit was 2.173 billion euros, a year-on-year decrease of 26.4%; The profit margin before interest and tax of automobile business was 6.9%, compared with 8.8% in the same period of last year.

Tesla launched a long-life rear-wheel drive Model Y in the United States, priced at $44,990.

Tesla official website shows that Tesla has launched a long-life rear-wheel drive version of Model Y in the United States, which costs $44,990.

Ferrari’s net revenue in the first quarter was 1.791 billion euros, a year-on-year increase of 13.0%.

Ferrari announced its first-quarter results on May 6th, local time. Its net revenue in the first quarter was 1.791 billion euros, up 13.0% year-on-year, and its total shipments were 3,593 units. The net profit in the first quarter was 412 million euros, and EBITDA was 693 million euros.

[Big consumption]

JD.COM Pangdonglai joined forces.

Recently, Fat Donglai Trading Group and Jingdong Logistics Group jointly built the first Henan supply chain industrial base — — Jingdong Logistics (Xuchang) supply chain industrial base project will be fully put into operation in June this year. The person in charge of the project said that after the project is put into production, the annual output value will be about 2.5 billion yuan, and the profit and tax will be 50 million yuan. Aiqicha App shows that Jingdong Logistics Supply Chain Co., Ltd. was established in June 2020, with Hu Wei as its legal representative and a registered capital of 10 billion yuan. In addition, information related to intellectual property rights shows that in January 2021, an industrial company in Henan applied to register a trademark of "Fat JD.COM", which is classified as catering and accommodation internationally, and the trademark is invalid at present.

Founder of Box Horse Re-started: Pat Xiansheng completed $25 million angel round financing.

Pat Xiansheng, a new retail brand of pet food, announced the completion of $25 million angel round financing on May 7, setting a new high for angel round financing in the pet industry in recent years. The funds will be used for the innovation of big data customized products, the construction of supply chain system and the refined operation and expansion of stores to meet the diversified requirements of pet owners and promote the development of the industry in a direction more in line with pet consumption characteristics. It is reported that Hou Yi, the founder of Pat Xiansheng, is also the founder of Boxma Xiansheng.

Kweichow Moutai: In April, the company repurchased 934,800 shares and paid 1.44 billion yuan.

Kweichow Moutai announced in the evening that in April, 2025, the company repurchased 934,800 shares, accounting for 0.0744% of the company’s total share capital. The highest purchase price was 1,575 yuan/share, the lowest price was 1,468.01 yuan/share, and the amount paid was 1.44 billion yuan. By the end of April, 2025, the company had repurchased 2,017,500 shares, accounting for 0.16% of the company’s total share capital. The highest price purchased was 1,584.06 yuan/share, and the lowest price was 1,417.01 yuan/share, and the total amount paid was 3,039 million yuan (excluding transaction costs).

Maotai’s first spokesperson rumors failed, and it was Maotai Wenlv who signed LAY.
On the morning of May 7th, rumors about LAY, the first spokesman of Maotai, rushed to the hot search, which also triggered a hot discussion in the market, but they were not confirmed by Maotai officials. On the evening of the same day, the official of Maotai Wenlv Company announced the signing of LAY as the image spokesperson. According to reports, Maotai has never hired a spokesperson in history, so this news has attracted much attention from the outside world. According to the information released by Maotai Wenlv, LAY will attend May 17th — Music event held in Guiyang on 18th, but did not disclose the specific details of cooperation.

fiveOn July 7th, the wholesale reference price of Feitian Maotai generally fell.

According to the latest wholesale reference price disclosed today, on May 7th, the prices of original cases of Feitian Maotai in 24 years, original cases/loose bottles of Feitian Maotai in 23 years and original cases/loose bottles of Feitian Maotai in 22 years all fell, ranging from 15 yuan to 45 yuan, with the original cases of Feitian Maotai in 23 years falling the most, dropping 45 yuan to 2235 yuan/bottle.

Tsingtao Brewery: It is planned to acquire 100% equity of Jimo Yellow Rice Wine.

Tsingtao Brewery announced in the evening that the Company had signed the Equity Transfer Agreement with Xinhuajin Group, Lujin Group and Shandong Jimo Yellow Rice Wine Factory Co., Ltd. ("Jimo Yellow Rice Wine"), and the Company planned to take over 100% equity of Jimo Yellow Rice Wine held by Xinhuajin Group and Lujin Group, with the relevant consideration of 665 million yuan and the sum of the profit and loss during the price adjustment period. Jimo yellow rice wine belongs to the fermented wine industry with our company. With the addition of Jimo yellow rice wine, it will further enrich our product line, broaden market channels and provide more diversified choices for consumers.

Domestic multi-brand gold jewelry prices continue to rise.

On May 7th, the price of gold jewelry in many domestic gold shops continued to rise, and the price of gold jewelry in brands such as Chow Tai Fook was raised by 7 yuan/gram to 1033 yuan/gram compared with yesterday.

Shanghai legoland opened on July 5 this year.

Merlin Entertainment Group officially announced on May 7 that legoland, the largest park in the world — — Legoland Resort will open on July 5, 2025 to welcome guests. "Limited Commemorative Year Card for Opening the Park (including tickets for trial operation)" and "Limited Hotel Package for Opening the Park (including tickets for trial operation)" were officially launched on the official WeChat applet of legoland Resort today (May 7), and the above products were launched for members yesterday. Legoland Resort has eight major theme areas, over 75 interactive riding facilities, performance and fun attractions, and thousands of Lego models made up of over 85 million Lego bricks.

Aviation industry

The first overseas user of domestic aircraft flies to Shanghai.

At 14:25 Beijing time on May 7th, a domestic C909 plane departed from SamRatulangi International Airport in Manado, Indonesia, and will arrive at Shanghai Pudong International Airport at about 20: 55 that evening. This is the first Minato-Shanghai flight opened by TransNusa, which further extends the commercial operation network of domestic aircraft in the international market.

Foreign media: If the trade negotiations with the United States fail, the EU will propose to impose tariffs on Boeing.

According to foreign media reports, if the trade negotiations with the United States fail, the EU will propose to impose tariffs on Boeing.

[financial circle]

AIC license ushered in the expansion period, and Industrial Bank won the first order of the stock bank.

On the evening of May 7, Industrial Bank announced that it had received the Reply of the State Financial Supervision and Administration on the Establishment of Xingyin Financial Assets Investment Co., Ltd. (Jin Fu [2025] No.284). According to the reply, Industrial Bank was approved to build Xingyin Financial Assets Investment Co., Ltd.. After the preparatory work is completed, Industrial Bank will apply to the State Financial Supervision and Administration for opening in accordance with relevant regulations and procedures.

Shanghai Pudong Development Bank: Liu Yiyan, the company’s vice president and chief risk officer, resigned due to his age.

Shanghai Pudong Development Bank announced in the evening that due to his age, Liu Yiyan resigned as the company’s vice president and chief risk officer. According to the company’s articles of association, the resignation shall take effect as of the date it is delivered to the company’s board of directors.

E Fund reduces management fees of two funds.

On May 7, E Fund announced that the management fees of E Fund’s new comprehensive bond index fund and E Fund’s investment-grade credit bond fund will be lowered from May 12, with the former’s annual management fee reduced from 0.30% to 0.15% and the latter from 0.35% to 0.30%.

Bee Qiao Capital responded to Qing POP MART: When the fund expires, it is still optimistic about the company’s stars and seas

On May 7, Bee Qiao Capital issued a document in its official WeChat official account, saying, "As the first phase of Bee Qiao RMB Fund is about to expire, Bee Qiao Capital has cleared all the POP MART shares bought before listing in three times through block transactions in the past week, and the fund will no longer hold any POP MART shares." This also positively responded to the information that "investors sold POP MART shares through block transactions many times" which was hotly discussed in the capital market in the previous week.

[medical circle]

Upgrade jurisdiction, court session in July! The latest development of Kangmei Pharmaceutical’s case of recovering 340 million yuan.

As a follow-up action of "the first special representative lawsuit" in China capital market, Kangmei Pharmaceutical sued Guangdong Zhengzhong Zhujiang Certified Public Accountants for a 340 million yuan recovery dispute, which ushered in the latest progress. It is reported that the Guangzhou Intermediate People’s Court issued a ruling, in view of the fact that the case is a new type of case, the case is complex and has the guiding significance of legal application, and the Yuexiu District People’s Court of Guangzhou submitted an application for upgrading jurisdiction, so it was decided that the Guangzhou Intermediate People’s Court would be responsible for hearing the case. The case will be heard in July 2025. (Securities Times)

Siemens Medical expects that the tariff will affect the profit of 300 million euros.

On May 7, Siemens Medical announced its performance report, and the company predicted that tariffs would have an impact of up to 300 million euros on Siemens Medical’s operating profit in the second half of 2025.

The new global "drug king" is coming! Smegliptide earned more than K drugs in the first quarter.

In 2024, Novo Nordisk’s smeagoutide (including Ozempic, Wegovy and Rybelsus) ranked behind Merck K with a sales gap of less than $200 million, and missed the throne of the global "drug king". In the first quarter of 2025, the global sales of smeagoutide finally surpassed that of K-drug, and it temporarily took the throne of the global "drug king". According to the relevant data, in the first quarter of 2025, the sales of smeagoutide was 664 million dollars ahead of K drug.

[real estate]

With a capital of 1 billion yuan, Country Garden Property indirectly provides guaranteed delivery loans to real estate groups.

On May 7th, Country Garden Service announced that it had signed loan contracts with two companies, Win Win and Fortune Warrior, and would provide the two companies with revolving loan facilities with a total principal of RMB 1 billion. The loan will be allocated from the internal resources of the Group. The two companies are wholly owned by Yang Huiyan, the non-executive director and major shareholder of Country Garden Services. The loan of 1 billion yuan will be lent by the two companies, Win Win and Fortune Warrior, to the domestic subsidiary of Country Garden Holdings for the related matters of guaranteeing the delivery of the house.

(Editor: Chen Ting)

　　After the annual turnover increased by four times, Guangdong Jiaying Pharmaceutical Co., Ltd. tasted the "sweetness" of scientific research and development. Thanks to the scientific research achievements of Su Jianyu, a science and technology correspondent and professor of South China University of Technology, Jiaying Pharmaceutical has not only become bigger and stronger as a "fist product" of the company, but also intensively forged a "sharp knife product"-a gold medal double throat powder. Relying on the advantages of South China Institute of Technology in scientific research and development, transformation of achievements, etc., Su Jianyu’s team, together with Jiaying Pharmaceutical, established Guangdong Huaqingyuan Biotechnology Co., Ltd., and took the technical achievements of school experts as a share. By the end of 2022, Huaqing Garden had benefited more than 3,000 plum tree growers in Meizhou and surrounding cities and counties, and the accumulated industrial output value exceeded 500 million yuan.

　　How can colleges and universities give better play to the agglomeration effect of education, science and technology and talents, and jointly promote the multiplication effect of high-quality development with the region? South China University of Technology adheres to the concept of "integration into development and promotion of development", with science and technology commissioners and technical cooperation between schools and enterprises as the "point", leading enterprises in the industry deeply cooperating to build school-enterprise R&D institutions as the "line", five research institutes of the school and the platform of the National University Science Park as the "surface", creating a scientific research service system combining "point, line and surface" and an innovative system of technology transfer and transformation of scientific and technological achievements, which has set up the upgrading and development of enterprises, industries and regions.

　　Docking with "points" to help enterprises plant "cash cows"

　　Industrial robots are known as "the jewel in the crown of manufacturing". However, it turns out that the core technologies such as motion control and calibration of domestic industrial robots are subject to people. How to realize the self-control of core technology? Zhang Tie, a professor from the School of Mechanical and Automotive Engineering of South China University of Technology, joined hands with guangzhou cnc Equipment Co., Ltd. to take the lead in developing domestic industrial robots in China and realize industrialization.

　　As an established engineering university, South China Institute of Technology has been insisting on serving enterprises for many years. In recent years, the school has strengthened the "point" docking between schools and enterprises, and selected science and technology commissioners and student assistants of commissioners according to the needs of enterprises. They have sent scientific research achievements and talents to research and develop new products, solve production problems and strengthen the independent research and development system.

　　"Our team and guangzhou cnc have been working closely together for 17 years. Behind this is that the school encourages teachers with a number of measures to turn scientific research results into the productivity of enterprises. " Zhang Tie introduced that the school treats horizontal and vertical projects equally when evaluating professional titles. The "policy dividend" has stimulated the enthusiasm of science and technology commissioners to serve enterprises.

　　"Our school has opened a promotion channel for achievement transformation personnel, added a series of engineering and achievement promotion, and relaxed the evaluation criteria for scientific research personnel who serve as enterprise science and technology commissioners and engage in achievement transformation in various demonstration areas of the school. At the same time, our school has transformed the performance of scientific and technological achievements obtained by scientific and technological personnel in enterprises into the evaluation system of scientific and technological personnel in schools. " Zhang Xichun, secretary of the Party Committee of South China University of Technology, said that the school also used "real money and silver" to positively motivate science and technology commissioners and increase the income of scientific researchers. The school specially formulated the "Ten Articles of South China University of Technology" to promote the transformation of scientific and technological achievements and innovation and entrepreneurship, and clearly rewarded 70% to 95% of the results transformation income to researchers at one time.

　　By the end of 2022, South China Institute of Technology had sent over 1,600 enterprise science and technology commissioners and nearly 10,000 student assistants. They stationed in more than 1,000 enterprises in 21 cities in Guangdong, which directly or indirectly generated more than 10 billion yuan in economic benefits.

　　In the past five years, South China Institute of Technology has also cooperated with 60 small and medium-sized enterprises in Qingyuan and Heyuan, Guangdong Province, and undertaken more than 400 cooperation projects in Industry-University-Research, training about 5,000 rural grassroots technicians and farmers, benefiting about 120,000 farmers through radiation, and indirectly increasing the output value of rural industries by several billion yuan. The team of 20 rural science and technology commissioners went deep into the grassroots and towns to help the high-quality development of agricultural products processing, agricultural tourism and other industries.

　　Connect "points" into "lines" to accurately meet the innovation needs of leading enterprises

　　If a large customer suddenly adjusts the product demand and the production line lacks flexible manufacturing enterprises, it is likely that there will be overcapacity. How to quickly adapt to the new trend of diversified, fast-paced and customized product production?

　　With the help of Wei Wu, a professor of South China University of Technology, Guangzhou Institute of Construction and Research has built a flexible production line for inorganic artificial stone, which can produce artificial stone plates in various varieties, small and medium batches, with an annual output value of over 100 million yuan. The second production line has been put into construction because of its high efficiency.

　　Flexible manufacturing is a high-tech industry with high R&D investment, and it is generally difficult for a single flexible manufacturing enterprise to undertake R&D investment alone. In order to better break through the common key technical problems that restrict industrial development, South China Institute of Technology has joined more than 80 units including well-known enterprises, scientific research institutions and universities to jointly build Guangdong Flexible Manufacturing Industry Technology Innovation Alliance, and strengthen technical cooperation, project cooperation and information sharing. Enterprises in the school alliance, relying on technological advantages, carry out first demonstration, and drive more manufacturing enterprises in Guangdong to carry out flexible manufacturing transformation.

　　Based on the layout of key industries in Guangdong-Hong Kong-Macao Greater Bay Area, South China University of Technology aims at the new generation of information technology, biology and health, focusing on leading enterprises in the industry, strengthening market orientation, and relying on "college+research institute+R&D center+industry alliance", accelerating the connection from "point" to "line". The "line" system of technological innovation combined with Industry-University-Research has improved the breadth and validity of the transformation and promotion of scientific and technological achievements in schools.

　　How can talents, disciplines and enterprises’ advantages in engineering research and development work together? South China Institute of Technology "hands in hand" Midea Group to build an innovative carrier. A number of joint laboratories, such as the Joint Innovation Center for Environment, Energy and Health Technology, have produced a number of top-notch applied technological achievements according to the innovation needs of enterprises, and promoted the innovation and development in the field of smart home appliances.

　　"Our school gives full play to its geographical advantages in the hinterland of Greater Bay Area, takes the initiative to attack, actively connects with leading enterprises in many industries such as Guangzhou Automobile and Midea, forms a number of provincial and municipal Industry-University-Research innovation alliances, and carries out Industry-University-Research cooperation in depth." Zhang Liqun, academician of China Academy of Engineering and president of South China Institute of Technology, said that the school has integrated the upstream and downstream resources of the industry by strengthening measures such as overall arrangement, project guidance and support, and local support. These "combination boxing" not only promoted the research and development and application of new technologies, new products and new processes, but also promoted the series connection of innovation chain in related industries.

　　In order to promote the supply of science and technology to accurately meet the needs of the industry, South China Institute of Technology has strengthened financial support, set up special funds for the transformation of basic scientific research business expenses in central universities, instigated leading enterprises in the industry to invest more Industry-University-Research cooperation resources, and jointly tackled a large number of innovative technological achievements by schools and enterprises. Since the 18th National Congress of the Communist Party of China, South China University of Technology has signed strategic cooperation agreements with hundreds of leading enterprises such as Midea and Lenovo, and built nearly 200 joint laboratories between schools and enterprises, with a total R&D expenditure of nearly 600 million yuan. The school has undertaken nearly 16,000 projects entrusted by enterprises, with a total fund exceeding 10 billion yuan.

　　In May, 2020, South China University of Technology signed the patent technology of "Plasticizing and Transportation Method and Equipment of Polymer Materials Based on Tensile Rheology" at a price of over 20 million yuan. This technology has been widely popularized in northwest China, which is helpful to solve the problems of "white pollution" of plastic film in Xinjiang.

　　In recent years, South China University of Technology has made patent transformation "blood" smooth, and turned patents in teachers’ hands into enterprise development dividends. The school encourages scientific research teams and leading enterprises in the industry to jointly apply for patents, establish a stable, long-term and win-win cooperation model in Industry-University-Research, and assist leading enterprises to build a patent pool for intellectual property protection. Since 2009, South China University of Technology has won 50 awards as the first patentee.

　　Take "Line" with "Face" as a catalyst to promote national and regional innovation and development.

　　How to reduce the number of waiting times of vehicles during driving? As an "intelligent brain", Kanganda traffic signal coordination control system integrates the traffic volume and historical operation data of surrounding roads to optimize and coordinate the traffic signal instruction period of each intersection. The system is now "showing its talents" at intersections in more than 3,000 cities in China to alleviate traffic congestion.

　　Kang ‘anda traffic signal coordination control system is developed by South China University of Technology Modern Traffic Engineering Technology Research and Development Center, which can help pedestrians and vehicles at the intersection, shorten the average journey and delay time by about 25% and 30% respectively, reduce the number of stops by about 60%, and reduce the pollutant emission by 4,390 tons annually.

　　Modern traffic engineering technology research and development center is one of the eight research and development centers laid out by Guangzhou Institute of Modern Industrial Technology of South China University of Technology. In recent years, South China University of Technology has actively integrated into the overall innovation system of Greater Bay Area, and jointly built a large-scale innovation platform, so as to bring "surface" with "line" and realize the radiation of "surface". The school and Guangzhou, Dongguan, Foshan and other local governments have jointly established Guangzhou Modern Industrial Technology Research Institute and Sino-Singapore International Joint Research Institute, forming a transformation model of the achievements of the "five institutes and one park" innovation and entrepreneurship demonstration zone. "Five Institutes and One Park" undertakes the school’s innovation achievements, conducts industrialization research in local areas, promotes transformation and incubation, and acts as a catalyst to promote national and regional innovation and development.

　　Among them, Guangzhou Institute of Industry and Research has directly attracted more than 500 million yuan of venture capital, incubating more than 60 enterprises. In the past five years, the revenue of incubating enterprises has exceeded 660 million yuan, and 22 provincial-level high-tech products have been cultivated. Many entrepreneurial projects have won the gold medal in the "internet plus" national competition.　

　　Guangzhou Institute of Production and Research and other "five institutes" strengthen the integration of production and education, and focus on comprehensive technology transfer services such as technology research and development, pilot production, enterprise incubation and talent cultivation. National University Science Park of South China University of Technology, as a "one park", introduces mature technological achievements, establishes enterprises at a fixed price, and accelerates the incubation and transformation of scientific research achievements. The park also set up a special fund for the transformation of achievements, and invested in the transformation of scientific and technological achievements in schools to accelerate the growth of enterprises.

　　In order to connect innovation chain, industrial chain and capital chain, South China University of Technology has also introduced local government investment funds, talents introduction projects and other resources, and accelerated the construction of a chain-type transformation system of scientific and technological achievements based on the "five institutes and one park" of the school.

　　Relying on the technical achievement of South China University of Technology "High Performance Ultra-thin Asphalt Pavement Wear Layer Technology", Huayun Tongda Technology Group Co., Ltd. was founded and settled in Shunde Innovation Park of South China University of Technology Science Park. The company independently developed the technology of high toughness and ultra-thin asphalt wear layer. This "black technology" not only helped speed up the construction and improve efficiency, but also greatly improved the smoothness of the original pavement. Compared with traditional technology, this technology can help save 60% of raw materials and 65% of labor. The technical system has been used in more than 100 important projects such as artificial island passage of Hong Kong-Zhuhai-Macao Bridge. In the second year, the company’s revenue exceeded 100 million yuan, and in the third year, it was awarded the national-level "Little Giant" enterprise.

　　In recent years, South China Institute of Technology’s "Five Institutes and One Park" has attracted over 1 billion yuan of investment, incubating 370 high-tech enterprises, including one listed on the New Third Board, one state-level "Little Giant" enterprise specializing in special innovation, five state-level "Little Giant" enterprises specializing in special innovation and 60 high-tech enterprises. (Reporter Liu Dun correspondent Li Jianyuan Zou Hao)

　　According to the public data of the Ministry of Commerce, in April this year, the national building materials and home furnishing prosperity index (BHI) was 117.65, and the sales of building materials and home furnishing stores above designated size exceeded 110 billion yuan, and the cumulative sales from January to April exceeded 420 billion yuan.

　　Although the above data decreased slightly compared with the same period of last year, with the introduction of "trade-in" policies in various places since April, and the favorable factors such as the overlapping market entering the traditional peak season, the household sector continued to release consumption vitality, the industry prosperity rebounded, and the "Xiaoyangchun" market in the home building materials market also continued.

　　The market potential of "trade-in" is huge.

　　At present, China’s real estate market is still in the adjustment stage, but since the beginning of this year, favorable policies have been implemented in various places, and industry insiders expect that the industry will accelerate its stabilization. As the downstream industry of the real estate market, the consumer demand of the national building materials and home furnishing market continued to be released from January to April. Although the sales data decreased slightly year-on-year, thanks to the help of the policy side, the overall situation was still improving.

　　In March this year, the State Council issued the Action Plan for Promoting Large-scale Equipment Renewal and Trade-in of Consumer Goods (hereinafter referred to as the Plan) to promote economic transformation and upgrading and improve the quality of life of urban and rural residents.

　　The "Proposal" pointed out that for the trade-in of household appliances, it is necessary to improve the convenience as the core and smooth the consumption chain of household appliances; In order to promote the replacement of home improvement consumer goods, it is required to support residents to carry out local renovation of old houses, kitchens and bathrooms, continue to promote the aging renovation of homes, and actively cultivate new consumption such as smart homes. Promote home improvement model rooms to enter shopping malls, communities and platforms, encourage enterprises to build online model rooms, and provide affordable products and services to meet diversified consumer needs.

　　"The introduction of the trade-in policy is a major positive for the home furnishing industry." Qin Zhanxue, president of China Building Materials Circulation Association, pointed out that the relevant data of the Ministry of Housing and Urban-Rural Development showed that by the end of 2022, the total number of urban and rural housing construction in China had exceeded 600 million, with huge market potential. "As houses enter the aging cycle one after another, the demand for renovation and functional upgrading will gradually increase. It is expected that the industry will usher in a new round of trade-in climax in the future."

　　According to incomplete statistics, in the past year, the total output value of China’s home improvement industry was about 2.77 trillion yuan, of which the demand for local decoration exceeded 35%. "It is conservatively estimated that the replacement scale of the home and home improvement market will exceed one trillion yuan." Hu Yanan, secretary-general of China Building Decoration Association’s Residential Decoration and Parts Industry Branch, said that according to the association’s rough calculation, there are more than 200 million houses in urban housing that are over 20 years old, and the demand for renovation and transformation at the consumer end is strong.

　　Grasp the "renewal" cycle and accelerate the layout of enterprises

　　The promulgation of the "Program" has given industry support and guidance at the policy level and brought new development opportunities at the development level. Many home associations and head home stores have acted quickly, actively responding to the policy call and helping to release the potential of home consumption by issuing trade-in coupons, promoting in communities, and granting subsidies.

　　At the end of April, at the annual meeting of the housing industry in 2023-2024, the Residential Decoration and Parts Industry Branch of China Building Decoration Association, in conjunction with the head home improvement enterprises and parts and materials enterprises all over the country, officially launched the "Home Improvement Trade-in Action". "I hope that through this action, a group of’ home improvement practitioners’ will be cultivated, and typical cases of enterprises will be launched to create a more assured, worry-free and secure consumption environment." According to the relevant person in charge of China National Equipment Association, this action aims to promote the effective implementation of "trade-in" related programs in the home improvement and home furnishing industries, and call on the whole industry to respond to the replacement of home improvement consumer goods, and encourage member units to actively carry out local upgrading and renovation of old houses, kitchens and bathrooms, and aging renovation of homes.

　　On May 6th, in response to the "Consumption Promotion Year" policy of the Ministry of Commerce, and vigorously promoting the trade-in of the household industry, China Building Materials Circulation Association also launched the "Third National Green Smart Home Consumption Festival", which empowered enterprises by implementing the relevant action plan of "trade-in" and issuing exchange vouchers for trade-in.

　　Focus on home stores. According to our understanding, the heads including Red Star Macalline and Easyhome made relevant implementation plans as early as the "trade-in" scheme was put forward.

　　Among them, Beijing Red Star Macalline has invested more than 10 million yuan since March to promote trade-in, benefit consumers, and help people rejuvenate. It is reported that in order to make more consumers enjoy the trade-in benefits easily, Beijing Red Star Macalline not only joined hands with 17 brand enterprises such as Xilinmen, Wrigley Sanitary Ware and Boloni to participate in the trade-in activities of green smart consumer goods, but also distributed subsidies of about 8 million yuan in different forms through online and offline channels.

　　The relevant person in charge of Red Star Macalline said that consumers can make an appointment to drag the old service through the "Red Star Home" applet, and they can enjoy the 600 yuan subsidy at the highest; Go to the offline store for "replacement", and you can also enjoy the government subsidy and superimpose the joint discount. "At present, relevant subsidies have been launched in five major shopping malls in Beijing, and consumers can get subsidies and enjoy the benefits of renewal."

　　The data shows that since the beginning of this year, Red Star Macalline has launched a large-scale "trade-in" campaign for home appliances in many shopping malls across the country, taking the demand for trade-in as the contact point to obtain accurate store traffic for shopping malls, and guiding the related sales between home appliances and other categories through refined operation.

　　On May 9, Easyhome also revealed the progress of "trade-in" on the investor interaction platform. It said that this year, it will comprehensively promote the three major IPS of "trade-in furniture and household appliances", "old houses for new looks" and "it is difficult for families to find them", which will drive the rapid growth of home sales.

　　The relevant person in charge of Real Home pointed out that the company released the "trade-in" strategy as early as 2022 and carried out related business. "According to statistics, a number of IP activities related to’ trade-in’ achieved remarkable results last year, achieving 207,000 customers, guiding sales of 650 million yuan and recycling 68,000 old things." The person in charge said.

　　At the same time, many home furnishing enterprises also seize the favorable market cycle and fully exert their strength in the stock market.

　　At the beginning of May, Qumei Home officially launched this year’s trade-in activities in the "Huanxin Plan Conference". In fact, since the first launch of this activity in 2013, Qumei Home has positioned it as a long-term and far-reaching important action. Zhao Ruihai, chairman of Qumei Home Furnishing Co., has repeatedly said that "trade-in" is not only a commitment to consumers, but also a manifestation of corporate social responsibility.

　　"Among about 300,000 customers accumulated by enterprises, some of them are currently in the consumption cycle that needs to be updated and iterated." Recently, Meike Home also publicly stated that this year, it will increase visits to early users, carry out maintenance and clue acquisition, with a view to providing consumers with diversified replacement programs. Oupai Home has launched the whole house renovation and whole package services, such as package storage, package discount, package design and help to move, to meet the diversified needs of consumers.

　　The industry believes that promoting the trade-in of household products requires both upstream and downstream synergy, and the household industry needs to continuously and deeply tap its own resources to promote the sustainable development of trade-in in a more market-oriented way and more convenient activities.

　　Both ends of supply and demand still face corresponding difficulties.

　　Although the market potential of trade-in is huge, it faces many difficulties in practical operation.

　　From the consumer side, how to deal with the replaced furniture, where to store the old furniture, and how to find a "reliable" decoration company and foreman may all hinder the implementation of the old-for-new policy. On the supply side, trade-in, local renovation and other links have a large amount of work, relatively low customer list value, and most of them are concentrated in old communities, so the construction difficulty is relatively high.

　　"At present, the residual value of many furniture recycling and dismantling wastes is relatively low, and the willingness of large-scale platform enterprises to participate in recycling is insufficient, but consumers do not have the ability to handle large pieces of furniture by themselves, which will become a constraint for replacing new ones to some extent." Zhu Jiagui, CEO and general manager of Red Star Macalline Home Furnishing Group, said that it is not easy for most home furnishing enterprises to provide large-scale trade-in services and handle old furniture well. "It is necessary to pay higher operating costs in terms of management, operation, normative environmental protection and demolition." Zhu Jiagui said.

　　In view of the problem that "trade-in is easy to abandon the old", Qin Zhanxue believes that the focus of trade-in should be on the "new" and the treatment of the "old" should not be ignored. "Old products should not be treated as garbage, but should be reused." He said, for example, furniture products can be dismantled and recycled, while construction waste can be reprocessed into floor tiles for municipal decoration materials.

　　The relevant person in charge of the Consumer Promotion Department of the Ministry of Commerce said that the trade-in work involves thousands of households and the vital interests of consumers. Promoting the trade-in of consumer goods is not only a powerful measure to enhance the momentum of economic growth and consolidate the good momentum of recovery, but also a long-term strategy to promote the high-quality development of the home furnishing industry. In the future, the industry should gradually establish an effective mechanism of "it is easier to get rid of the old and more willing to replace the new", so that consumers can enjoy better services and the trade-in action can be truly and thoroughly carried out in the industry. Text/Zhang Xinyu

　　Source: Beijing Evening News

On November 2, 2015, Cai Jian [2015] No.985

The finance departments (bureaus) and environmental protection departments (bureaus) of all provinces, autonomous regions, municipalities directly under the Central Government and cities under separate state planning:

　　Environmental monitoring is the foundation of ecological environmental protection and the important support of ecological civilization construction. In recent years, financial and environmental protection departments at all levels have effectively increased their financial input and actively carried out their work, initially established a national environmental monitoring network, launched a pilot project of collecting air directly from the national monitoring station, released real-time air quality monitoring data to the public in cities above the prefecture level, and significantly enhanced their environmental monitoring capabilities. In some places, pilot explorations such as third-party custody operations have been carried out, and positive results have been achieved. However, the problems existing in China’s current environmental monitoring work are also prominent. The central and local environmental monitoring powers have not been completely straightened out, and the phenomenon of local administrative intervention in monitoring data still exists. The responsibility of enterprise environmental monitoring report has not been fully implemented, and the base of enterprise sewage discharge is unclear. Protecting the people’s right to know about the environment is the basic duty of the government. Under the new situation, comprehensively promoting the construction of ecological civilization also urgently requires speeding up the rationalization of environmental monitoring rights among governments at all levels and deepening the reform of the environmental monitoring system. After being approved by the leaders of the State Council, the following reform implementation opinions are put forward:

　　First, the overall requirements, objectives and basic principles of financial support monitoring system reform

　　(1) General requirements.

　　Thoroughly implement the spirit of the 18th National Congress of the Communist Party of China, the 3rd, 4th and 5th Plenary Sessions of the 18th Central Committee, implement the State Council’s Plan for the Construction of Ecological Environmental Monitoring Network (Guo Ban Fa [2015] No.56), straighten out the national environmental monitoring management system, accelerate the reform of the environmental monitoring system, and the central government assumes the power of monitoring important regional and cross-border environmental quality, forming a national direct environmental monitoring network in the aspects of atmosphere, water and soil; Each province undertakes environmental quality monitoring within its jurisdiction, and strengthens the supervisory monitoring of pollution source emissions and strengthens environmental supervision and law enforcement; Implement the main responsibility of enterprises, strictly implement the self-monitoring and reporting system of pollution discharge, thus establishing an environmental monitoring system with clear boundaries between central, local and enterprise responsibilities, providing accurate and authoritative data support for environmental assessment of governments at all levels, and consolidating the foundation of ecological civilization construction.

　　(2) Work objectives.

　　By 2018, the collection of national monitoring stations and national control sections will be completed in an all-round way, and the monitoring network of atmospheric, water and soil environmental quality directly under the state will be established and improved; The environmental quality monitoring system in the province has been effectively established, and the monitoring data controlled by the state are mutually verified and interconnected; The market-oriented reform of environmental monitoring has been deepened, the third-party trusteeship operation mechanism has been widely implemented, the efficiency of environmental monitoring has been greatly improved, the ecological environmental monitoring system of land and sea planning, integration of heaven and earth and information sharing has been continuously improved, and the environmental monitoring ability has been more adapted to the requirements of ecological civilization construction.

　　(3) Basic principles.

　　Clarify the powers and responsibilities. In accordance with the requirements of "who evaluates and who monitors", distinguish between the central and local authorities in environmental quality monitoring and expenditure responsibilities; According to the law, the responsibility of enterprise pollution monitoring and reporting will be implemented, and the intergovernmental environmental monitoring power will be clearer, and the responsibilities of all parties will be effectively implemented.

　　Graded guarantee and strengthened support. Central and local environmental monitoring is included in the scope of financial security at the same level. The central government will increase investment to ensure the construction and operation of the national environmental monitoring system network; Local financial departments should also take environmental monitoring as the focus of environmental protection expenditure to ensure it.

　　Implement step by step, actively and steadily. The reform of environmental monitoring system involves a wide range, so it is necessary to make overall planning, prepare a three-year medium-term financial plan, ensure the collection of key expenditures for environmental monitoring, and gradually receive them according to the existing environmental monitoring work capacity.

　　Two, support the establishment of the national air, water, soil and other environmental quality monitoring pipe network.

　　The central government should accurately grasp and objectively evaluate the overall situation of the national ecological environment quality and meet the assessment requirements for local ecological environmental protection work. According to the requirements of strengthening environmental protection and governance, the construction of state-controlled monitoring sites and sections will be increased, and all state-controlled monitoring sites and sections will be taken over by the state step by step. In terms of atmospheric monitoring, appropriately increase the construction of state-controlled monitoring stations and enrich the monitoring functions to achieve full coverage of major cities at or above the prefecture level in the country and meet the assessment and evaluation needs of the Air Pollution Prevention Action Plan; In terms of water quality monitoring, automatic monitoring stations and sections controlled by the state are added to cover urban waters above prefecture level, and more than 1,400 important rivers such as national boundary rivers, major first-class and second-class tributaries, 92 important lakes and reservoirs, and key drinking water sources are further covered to meet the assessment and evaluation needs of the Water Pollution Prevention Action Plan; In terms of soil monitoring, it supports the development of a national encrypted survey of soil pollution, the monitoring of risk points, the coverage of important drinking water sources and contaminated soil, the establishment and improvement of the data quality control system of the national environmental monitoring network, the improvement of the quality control and management level of environmental monitoring at the national level, and the assurance of accurate and reliable national environmental monitoring data.

　　Third, actively promote the reform of local environmental monitoring system

　　All localities should speed up the rationalization of the environmental quality monitoring system within their jurisdiction, do a good job in environmental quality monitoring within their jurisdiction, grasp the status of ecological environment quality and the total amount of pollutants discharged within their jurisdiction, and take the initiative to accept the supervision of the masses within their jurisdiction. Conditional provinces (autonomous regions and municipalities directly under the Central Government) can collect environmental quality monitoring points and sections at the city and county levels within their jurisdiction to meet the provincial assessment requirements. All provinces, autonomous regions and municipalities directly under the central government should make clear the timetable of various reform tasks according to the actual situation, and do a good job in ensuring relevant funds. The provincial environmental monitoring data should be shared with the national network.

　　Four, fully implement the main responsibility of enterprise pollution source monitoring.

　　Enterprises are the first person responsible for clarifying the pollution discharge situation, and should monitor by themselves or entrust a third party to carry out monitoring according to law, report the pollution discharge data to the environmental protection department in time, and key enterprises should also disclose the monitoring information to the society regularly. Local governments should withdraw from the monitoring of pollution discharge instead of enterprises, earnestly perform the duties of supervisory monitoring of pollution sources, improve the online monitoring system of key pollution sources and strengthen the supervision of pollution discharge process. Supervise and urge enterprises to fulfill the responsibility of self-monitoring of pollution sources and information disclosure, and punish enterprises that practise fraud and smuggle. The central government strengthens environmental supervision for local governments to perform their duties.

　　V. Vigorously promote the market-oriented reform of environmental monitoring

　　Except for sensitive environmental data, the environmental monitoring stations and monitoring sections collected by the central government will, in principle, adopt the way of government purchasing services and choose a third-party professional company for hosting and operation. Local governments should speed up the marketization of environmental monitoring, deepen the classification reform of environmental protection institutions and cultivate the environmental monitoring market. The government should further strengthen the supervision of the third-party environmental monitoring market, strengthen the accountability mechanism, comprehensively establish environmental monitoring standards and norms, assessment and quality control systems, and improve the quality control and management level of environmental monitoring at the national level.

　　Financial and environmental protection departments at all levels should fully understand the great significance of deepening the reform of environmental monitoring system, take active actions, strengthen organization and coordination, ensure the smooth implementation of the reform, and make new contributions to continuously improving the level of environmental quality monitoring in China and promoting the construction of ecological civilization.

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

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Upstream News Kevin·Z

　

　

General Office of the State Council forwarded the report of the State Planning Commission

Current price situation and controlling price increase in the second half of the year

Notice that measures should be taken to report

　

Guo ban fa [1995〕41number

　

People’s governments of all provinces, autonomous regions and municipalities directly under the Central Government, ministries and commissions and institutions directly under the State Council:

　　 The State Council agreed with the State Planning Commission’s Report on the Current Price Situation and Measures to Control Price Rising in the Second Half of the Year, which is hereby forwarded to you, please implement it carefully.

Since the beginning of this year, all regions and departments have conscientiously implemented the spirit of the Central Economic Work Conference and the Third Session of the Eighth National People’s Congress, resolutely implemented the various regulatory measures of the CPC Central Committee and the State Council on curbing inflation and controlling price increases, and done a lot of work. The macroeconomic situation has continued to develop in a good direction, the trend of market price increases has been curbed, and the increase in retail prices has dropped month by month. However, the current price situation is still quite grim, and the task of realizing the annual price control target is quite arduous. All regions and departments must keep a clear head, and must not take it lightly and relax their requirements. We should continue to take curbing inflation and controlling price rise as the primary task of macroeconomic regulation and control this year, earnestly implement a series of regulatory measures to curb inflation and control price rise determined by the CPC Central Committee and the State Council, adhere to moderately tight fiscal and monetary policies, strictly control the excessive growth of fixed assets investment and consumption funds, vigorously strengthen agriculture, strictly control the introduction of new price increase projects, and further implement and improve the target responsibility system for price control. All regions and departments should proceed from the overall situation, make more contributions to the realization of the national price control goal, and create conditions for maintaining the good momentum of national economic development and making the Ninth Five-Year Plan have a good macro environment.

　　　　　　　　　　　

　　　　　 the General Office of the State Council　　

　　 　　　　　　　　　　　　　　　　　　　　　　　　 July 10, 1995　

　　

　

On the current price situation and price control in the second half of the year

Report on measures to be taken to rise

　

The State Council:

　　 According to the spirit of the instructions of the CPC Central Committee and the State Council on continuing to do a good job in controlling price increases,fivemoon30SolsticesixmoononeOn, the State Planning Commission held a national symposium of price directors in Beijing, analyzed the price situation since this year and its future trend, summed up and exchanged experiences in curbing inflation and controlling price increases in various places, and studied and put forward further measures and policy suggestions to ensure the realization of this year’s price control targets. The relevant situation is now reported as follows:

　　 A basic estimate of the price situation since this year

　　 Since the beginning of this year, all regions and departments have conscientiously implemented the spirit of the Central Economic Work Conference and strengthened their leadership over price work, and the market price increase has dropped month by month. Compared with the same period of last year,fiveIn September, the national retail price index was17.6%, compared with the previous yeartwelveThe increase in June fell back.5.6Percentage points. Price increases have declined to varying degrees in various places, including Beijing, Tianjin, Guangdong, Hainan, Shanghai and Anhui.sixProvinces and citiesfiveThe retail price increase in January has fallen back to15%Below;35The average retail price increase in 20 large and medium-sized cities has dropped to15.1%.

　　 However, the degree of improvement in the price situation since this year cannot be overestimated. First, although the price increase has dropped, the increase is still very high. Compared with the same period of last year, this yearone～fiveThe national retail price index is still as high as19%The national consumer price increase is still as high as.21.7%And the rate of decline in price increases has slowed down month by month. At the same time, the price index calculated on a month-on-month basis also rebounded. This year,one～fiveIn January, the national retail price index rose respectively from last month.3.0%、1.8%、0.0%、0.7%and0.2%This calculation has constituted a new price increase this year.fiveMore than a percentage point. Second, the decline in price increases in various regions is very uneven, and the decline in most regions is not obvious enough.fiveThere are still monthsfiveRetail prices in 20 provinces and autonomous regions rose in20%Above, the highest increase(Ningxia Wei21.4%)Compared with the lowest(Tianjin is11.4%)tower above10Percentage points. The slow decline of the increase in these areas is due to the low price base and the lag of price increase, as well as management reasons. In some places, on the one hand, the price index is very high, and on the other hand, new price increase projects continue to be introduced without authorization. Third, prices in rural areas are still rising. From last yearfourSince June, the price increase in rural areas has been continuous.14Next month is higher than the city. this yearone～fiveIn September, the retail price index of rural commodities rose compared with the same period of last year.21.6%, higher than the city4.5Percentage points, affecting the national retail price increase.1.9Percentage points.

　　 Second, the favorable conditions and difficulties of controlling price increases in the second half of the year

　　 In the second half of this year, the general trend of price increase will further decline. First, the impact of last year’s price hikes will be significantly weakened. According to estimates by the National Bureau of Statistics, the impact of last year’s price increase on this year’s hikes averaged about in the first half of the year.14.5Percentage points, the second half of the year will weaken to the average.fiveAbout a percentage point. Second, the state adheres to a moderately tight monetary and fiscal policy, and will take further measures to strictly control the scale of investment in fixed assets, especially new projects, and strengthen macro-control and supervision and management of consumer funds. Third, the central government has decided not to introduce new price adjustment measures in principle in the second half of this year. Fourth, governments at all levels have further increased their investment in agriculture, the area planted with grain has increased, and the area of vegetable fields in urban suburbs has expanded. In addition, the state has taken control measures such as suspending grain exports, increasing grain imports, and selling corn to stabilize feed prices, so that the tight supply of some major agricultural products will be alleviated. Fifth, most domestic industrial products for daily use are well supplied and sold normally, and residents’ consumption behavior tends to be reasonable. Sixth, the target responsibility system for price control has been generally established in various places, and various measures to strengthen price supervision have been gradually implemented. Therefore, if there are no major natural disasters in the second half of this year, and all macro-control measures can be implemented, it is possible to achieve the annual price control goal.

　　 At the same time, it should be noted that it is necessary to control the annual price increase in15%About the goal, the difficulty is still not small. Mainly manifested in:

　　 First, social demand is still growing too fast, and the main factors of inflation have not been eliminated. Since the beginning of this year, the State Council has not approved new large and medium-sized infrastructure projects, but there are still many new infrastructure projects approved by local governments.one～fiveNew fixed assets investment projects started by state-owned units nationwide in June.13713An increase over the same period last year.2829A, investment scale growth57.2%.one～fiveThe wage expenditure of the national bank increased in September compared with the same period of last year.25.77%Although the increase has declined, considering the increase in the total retail sales of consumer goods in society,31.4%And residents bought it1100At the same time, savings deposits have also increased.3055100 million yuan, indicating that there are still many consumer fund expenditures that violate the regulations.

　　 Second, the agricultural foundation is weak, food prices have been rising so far, and non-staple food prices.

The lattice lurks the danger of fluctuation. Judging from the "rice bag",fiveThe purchase price of grain continued to rise in February, and the average market price of four main agricultural products, such as wheat, rice, corn and soybean, was $100,000.50kilogram100～53Yuan, up from last month.2.9%. Judging from the "vegetable basket", at present, vegetables are abundant in most areas, and the prices of vegetables, pigs and eggs have dropped. However, due to the excessive rise in corn prices, some areas have suffered losses in raising pigs and chickens, and they are not active in replenishing the basket. If the relevant control measures are not in place in time, the supply of non-staple food may be tight after entering the third quarter, and the price of "vegetable basket" may rebound. Judging from the prices of agricultural means of production,one～fiveThe month of last year is higher than the same period of last year.30.2%It is also possible to further promote the price increase of agricultural products.

　　 Third, there is great pressure from all sides to adjust prices. Since last yeareightSince September, the state has basically not introduced new price adjustment measures, but this year, with the price increase falling month by month, the voice of some regions and departments demanding price adjustment measures has risen again, especially in coastal areas and big cities where the price increase has dropped significantly.

　　 Fourth, the disorder of market circulation has not been fundamentally reversed, and arbitrary charges and arbitrary price increases will still add fuel to the price increase. The disorder of market circulation is one of the important reasons for the excessive price increase in recent years. In the market circulation of grain, cotton and fertilizer, problems such as illegal operation, reselling and price increase at different levels are still serious in some places.

　　 A comprehensive analysis of various factors in current economic life requires greater determination and more solid work to ensure the realization of this year’s price control targets.

　 　Three, do everything possible to ensure the realization of this year’s price control targets.

　　 Ensure that the national retail price increase this year has dropped significantly compared with last year, and strive to control it.15%Around, this is a major event related to the overall economic development and social stability. In the second half of this year, we should continue to take curbing inflation and controlling price increases as the primary task of macro-control and the key link to correctly handle the relationship between reform, development and stability. We should continue to strictly control the newly introduced price increase projects and further strengthen price supervision. Specifically put forward the following measures:

　　 (one)Further implement the target responsibility system for price control. Governments at all levels should establish a target responsibility system for price control, and the main leading comrades should personally grasp the price work. It is necessary to organize all departments to work together, make concerted efforts, and implement the responsibility of controlling prices. First of all, we should take practical measures to strictly control the scale of investment in fixed assets and effectively improve the investment efficiency. Secondly, we should continue to strengthen the supervision and management of consumer funds and strictly control the excessive growth of consumer funds. The State Planning Commission and the National Bureau of Statistics should continue to make monthly announcements of all provinces, autonomous regions, municipalities directly under the Central Government and35The work of retail price index in a large and medium-sized city urges local governments to control prices well. At the same time, according to the requirements of the State Council, it is necessary to do a good job in the special inspection of the implementation of national price control measures in the near future, sum up experience, find out the gap, and truly put the various control measures of the CPC Central Committee and the State Council on curbing inflation and controlling price increases in place.

　　 (two)Strict discipline, strictly control the introduction of new price adjustment projects. We must strictly control the introduction of price increase projects and focus on establishing and improving the macro-control system of prices. According to the decision of the CPC Central Committee and the State Council, no new price adjustment measures will be introduced in the second half of this year in principle. Where all localities and departments introduce price increase projects without authorization, the leaders concerned shall be held accountable.

　　 (three)Stabilize the purchase and sale prices of grain. Stabilizing food prices is the most important thing to stabilize the whole price. In the second half of the year, we should continue to implement the spirit of the Notice of the State Council on Continuing to Do a Good Job in Stabilizing Grain and Oil Prices. The purchase price of grain ordered by the state will not be adjusted this year, and the out-of-price subsidies adopted by some places should be allocated by local finance or allocated from grain risk funds in strict accordance with state regulations, and bank loans or accounts should not be diverted, nor should they be passed on to grain enterprises. State-owned grain enterprises should strictly implement policies to ensure that the ordered grain is used for the supply of residents’ rations, and it is strictly forbidden to increase the price and resell it without authorization. The sales price of standard rice and flour for urban residents and other basic rations managed by the government should remain stable and cannot be raised. The price difference and loss caused by stabilizing the grain selling price shall be compensated by all localities from the grain risk fund; If the fund is insufficient, the local finance should allocate additional subsidies. It is necessary to improve the methods of grain supply, strengthen the management of grain sales, and ensure that low-income residents can really enjoy the rations supplied by the government at preferential prices. All localities should take appropriate measures to control the prices of grain products and light industrial products with grain as raw materials.

　　 (four)Strive to keep the price of non-staple food stable. Governments at all levels should continue to make great efforts to strengthen the construction of the "vegetable basket" project, ensure the vegetable planting area and do a good job in market supply. It is necessary to encourage farmers to sell vegetables directly in cities, reduce the links in vegetable management, rectify various fees in vegetable management, and popularize the experience of moderately flexible differential management of vegetable prices in Shenzhen and other places in order to stabilize vegetable prices. At present, special attention should be paid to the production, supply and price stabilization of live pigs and eggs, and all localities should conscientiously implement the requirements of the Notice of the General Office of the State Council on the Use of State-specially Stored Corn to Stabilize Feed Prices and Stabilize Pig Production, so that this batch of corn can really play a role in stabilizing feed prices. According to the reasonable price of pig food, the protective price of pig purchase should be formulated, and the capital needs of commercial enterprises to purchase pigs should be guaranteed, and commercial departments should be supported to purchase more and reserve more, so as to implement the protective price. It is necessary to strengthen the construction of meat market, expand market throughput, and make full use of the leading role of state-owned commerce in increasing market supply and stabilizing market prices. It is necessary to make full use of the non-staple food price adjustment fund to stabilize production and stabilize prices. Cities that have not yet established a non-staple food price adjustment fund should pay close attention to it and strive to do so by the end of this year.60Large cities with a population of more than 10,000 can set up non-staple food price adjustment funds.

　　 (five)Efforts should be made to increase fertilizer production and effectively stabilize fertilizer prices. Fertilizer enterprises should continue to produce at full capacity and strive to increase market supply. All regions and relevant departments should do everything possible to ensure the supply of raw materials and electricity needed for fertilizer production. Fertilizer production and management enterprises should strictly implement the prescribed ex-factory price and sales price, and shall not raise prices without authorization. We should continue to rectify the circulation channels of chemical fertilizers, and prohibit illegal operation and reselling. Currently available13A province(District and city)The practice of linking planned fertilizer sales with grain and cotton orders has played an important role in stabilizing fertilizer prices and ensuring fertilizer supply, and all localities should actively promote it.

　　 (six)In view of the weak links, strengthen rural price management. The high price increase in rural areas is not only strongly reflected by farmers, but also adversely affects agricultural production and rural stability, and also adversely affects the realization of the national price control goal. All localities should effectively stabilize counties.(city)Price management agencies, and strengthen the county(city)The focus of price work is on rural market management, supporting agriculture, promoting agriculture and protecting farmers’ interests. In addition to strengthening the management of fertilizer prices, all localities should also take measures to effectively stabilize the prices of agricultural films and pesticides. It is necessary to strengthen the price management of grain and cotton purchase links, ensure the implementation of the national order price, stop the low-pressure price reduction and price increase of agricultural products, do a good job in the convergence of regional prices, and prevent regional blockades. It is necessary to strengthen the management of townships and rural markets, do a good job in the supply and marketing of grain, non-staple food, materials and building materials, and maintain the basic stability of prices. We must continue to control arbitrary charges and prohibit illegal apportionment to farmers.

　　 (seven)Rectify the circulation order and strengthen price supervision. We should continue to strengthen the supervision and examination of people’s basic necessities and service prices, and further improve and implement various supervision and examination measures such as price increase declaration, filing and slip control. We should focus on people’s daily necessities, do a good job in market price inspection, and resolutely stop illegal activities such as shoddy food, oil, meat, eggs, vegetables and other people’s daily necessities, cheating customers, adulterating and making fakes. We should seize typical profiteering and fraud, severely punish them, expose them publicly, and safeguard the legitimate rights and interests of consumers.

　　 If the above opinions are not improper, it is suggested that the State Council transmit them to all regions and departments for implementation.

　　

　　 　　　　　　　　　　　　　　　　　　　　　 　　　　 state planning commission

　　 　　　　　　　　　　　　　　　　　　　　　　　　 June 16, 1995

CCTV News:On the morning of February 28th, the State Council Press Office held a press conference. According to the Ministry of Transport, this year marks the 5th anniversary of the publication of the Outline of Building a Powerful Transport Country. In the past five years, China’s transportation infrastructure network has been stronger, and the mileage of the national comprehensive transportation network has exceeded 6 million kilometers. A number of sets of data outline the "eye-catching" transcripts of the construction of a strong transportation country.

Let’s take a look at the "home" of China’s traffic network. At present, the operating mileage of China’s railways is 159,000 kilometers, including 45,000 kilometers of high-speed railways and 5.441 million kilometers of national highways, including 184,000 kilometers of expressways. The navigation mileage of inland waterways is 128,000 kilometers, including 17,000 kilometers of high-grade waterways; It has 22,000 berths for port productive terminals, including 2,883 10,000-ton terminals; There are 259 airports for civil aviation transportation, including 38 airports with annual passenger throughput exceeding 10 million passengers.

In the past five years, China’s accumulated investment in transportation fixed assets has exceeded 18 trillion yuan. Transportation has taken a big step towards "strong" on the basis of "big" and another big step towards "good" on the basis of "having". The data shows that in 2023, the investment in transportation fixed assets in China exceeded 3.9 trillion yuan, 2,776 kilometers of high-speed rail were newly opened, 7,000 kilometers of expressways were newly rebuilt and expanded, and 1,000 kilometers of high-grade waterways were added and improved.

The transportation service is finer and better. In 2023, China’s commercial freight volume was 54.75 billion tons, an increase of 8.1% year-on-year and an increase of 16.9% over 2019. In 2023, 61.25 billion people moved across regions, a year-on-year increase of 30.9%. The capacity of scientific and technological innovation and industrial governance of transportation has been continuously improved, and the cooperation with the outside world has been deepened.　

Travel more convenient

During the Spring Festival holiday just past, did you participate in a "big project" with hundreds of millions of people flowing — — Spring Festival travel rush? Spring Festival travel rush relies on more newly opened routes, more optimized travel time and more advanced means of transportation to make every trip more convenient.

At the press conference, Li Xiaopeng, Minister of Transport, said that the mobility of people in Spring Festival travel rush this year was unprecedentedly active. In the first 33 days of Spring Festival travel rush in 2024, the cross-regional mobility of the whole society reached 7.204 billion person-times. Another profound change is that road self-driving has become the main force of travel.

Li Xiaopeng, Minister of Transportation, said that in the first 33 days of Spring Festival travel rush, the number of self-driving passengers on expressways and ordinary national highways exceeded 5.8 billion, reaching a historical peak. The mobility of self-driving personnel accounts for 80.7% of the cross-regional mobility of the whole society, and "self-driving travel" has become the absolute main force of travel in Spring Festival travel rush.

More and more rural highway construction has opened up the rural microcirculation. According to the latest data from the Ministry of Transport, all qualified towns and villages in China have hardened roads, and 2.5 million kilometers of rural roads have been newly rebuilt in the past ten years. By the end of 2023, the total mileage of rural roads in China reached 4.6 million kilometers, and all qualified towns and villages in China were connected by bus.

With the transportation network extending in all directions, China’s postal express business volume ranked first in the world for 10 consecutive years. The industry service network is smoother. All the established villages have realized direct postal service, and basically built a postal express service network covering urban and rural areas and reaching the whole world. In addition, the Ministry of Transport will further promote the integrated development of rural passenger and freight postal operation mechanism, infrastructure, transportation routes and operational information. Make every effort to ensure the safe and efficient transportation of grain, agricultural machinery, agricultural materials and agricultural products.

Li Xiaopeng, Minister of Transport, said that better services will promote the overall revitalization of rural areas, accelerate the construction of rural industrial roads, tourist roads and resource roads, and help farmers find jobs nearby.　

Smart travel

At present, China’s traffic construction is actively integrating with new digital technologies, and information infrastructure such as Beidou and 5G is deepening its application. The pace of construction of smart railways, smart highways, smart waterways, smart civil aviation and smart postal services in China has accelerated.

On January 19th this year, the Hangzhou-Shaoyong Expressway connecting Hangzhou, Shaoxing and Ningbo was completed and opened to traffic. At present, Hangzhou-Shaoyong Expressway is the expressway with the highest degree of intelligence and the most digital application in Zhejiang. Let’s follow the reporters at the reception desk to feel the wisdom of high speed.

According to the reporter’s live report, after a period of experience, the reporter received 5— 6 rain reminders, 3-mdash; The road information of 4 times feels particularly accurate. How did this happen?

According to the technicians, in addition to conventional navigation, there are also special functions and services. Because there are many intelligent sensing devices on the highway, it can find the abnormal situation in the first time. When the owner is driving on the highway, the system will take the initiative to find it and push it to the user in seconds, so that the user can know what happened ahead and what the specific situation is.

Since the intelligent high-speed operation for more than a month, it has actively seized more than 100 abnormal traffic incidents such as anchoring and throwing things. These events can be actively discovered within an average of 5 seconds. With the continuous operation of Smart Expressway, more and more data precipitation will make Smart Expressway more and more "smart".　

Driverless driving also appears in more application scenarios. This one is an unmanned minibus located in a scenic spot in Deqing, Zhejiang.

According to the reporter’s report, at present, the unmanned minibus still needs to drive under the guidance of a safety officer. However, Huzhou City issued the latest detailed rules in January this year, and this unmanned minibus can no longer need a safety officer after driving over 20,000 kilometers on the open road, and it is replaced by remote monitoring.

In addition to unmanned minibuses, there are many autonomous driving scenes in Deqing. For example, the unmanned sweeper is serving the cleanliness of the city more efficiently. The unmanned express delivery vehicle is undergoing the final debugging, and will be officially put on duty next month, shuttling between cities to automatically deliver packages for you.

In addition to smart roads and unmanned driving, the scale of automated container terminals built and under construction in China ranks first in the world. The first domestic large-scale cruise ship was officially put into operation on New Year’s Day in 2024, the C919 domestic large aircraft was officially put into commercial operation, and the development of CR450 EMU continued to deepen. According to the latest data, up to now, the mileage of the national inland river electronic waterway map has exceeded 5,700 kilometers. More than 40 automated container terminals have been built and under construction. More than 10 million road transport and urban passenger vehicles have been installed using Beidou terminal, and the application rate of Beidou system in key areas exceeds 95%.

Recently, Joy of Life, a costume drama, has been controversial because it costs 50 yuan to order it in advance, and some people even sued the video platform for it.

In addition, many users accused the video platform of "drinking poison to quench thirst", and some users said that they would switch to pirated platforms.

As of December 17th, Joy of Life scored 7.9 points in Douban, ranking first in the hot search list of mainland TV series of Tencent Video. According to the data of online film and television media data platform, as of December 17th, the popularity of the whole network in Joy of Life reached 51.26, far exceeding the costume dramas such as "He Lai Hua Ting" and "Sword Dynasty" broadcast in the same period.

At present, on Tencent and Iqiyi platforms, you have to pay 50 yuan to "unlock" 6 more episodes of Joy of Life than members.

On December 17th, Wang Juan, vice president of Tencent Video, talked about the recently controversial "VVIP" model in Joy of Life, saying: "The reason why we are controversial this time, I think it may be that we are not considerate enough to members’ consumption psychology. This piece is indeed our bug or something we have not done well enough."

Joy of LifeThe popularity is over the same period of costume drama, and members still need to pay for 50 yuan’s "unlocking" drama series.

On the evening of December 11th, Joy of Life needed to spend 50 yuan to board the hot search in Weibo due to the advance on demand.

Joy of Life is a costume drama directed by Sun Hao and starring Ruoyun Zhang and Li Qin, which premiered on November 26th, 2019 on Tencent Video and iQiyi. Production companies include Tencent Pictures, Xinli TV Culture Investment Co., Ltd., Deep Blue Film and Television, Reading Group, Huayu Times, Hainan Radio and Television, etc.

At present, on Tencent and Iqiyi platforms, it is necessary to pay 50 yuan to "unlock" six more episodes of Joy of Life than members, which has been hotly debated by netizens. As of December 17th, the drama has been broadcast to 29 episodes on both video platforms. However, at present, non-members can only watch the 17th episode, while members can only watch the 23rd episode. Only by paying 50 yuan to order in advance can they watch the 29th episode.

On the evening of December 14th, the People’s Daily client published an article entitled "Video website routines emerge in an endless stream, which is too ugly to eat", saying: "VVIP is set up outside VIP, and extra money is needed to enjoy advance on-demand video. Video websites are creating anxiety and inducing user consumption. Is there such an agreement in the previous agreement to purchase VIP? If it is not marked, this extra charge is actually a violation of consumer rights. "

On December 17th, Wang Juan, vice president of Tencent Video, said when talking about the recently controversial "VVIP" model in Joy of Life: "The reason why we are controversial this time, I think it may be that we are not considerate enough to members’ consumption psychology. This piece is indeed our bug or something we have not done well enough."

Facing the way of advanced VOD, Wang Juan also said: "The way of advanced VOD that we hope to explore has been challenged and criticized. But in the face of these things, a sense of crisis and creativity coexist. It is very important for the mining of user consumption, but we hope to think in a more scientific, more orderly and more respectful perspective. "

In addition, on December 17th, after the 4th Annual Summit of New Entertainment and New Consumption in China in 2019, Ying Dai, vice president of iQiyi and general manager of the self-made drama development center, said in response to the dispute over advanced video-on-demand in Joy of Life: "The content of video platforms is becoming more diverse, and the needs of users are becoming more diverse. Our original intention is to meet users’ more diverse content needs, but it may not be done well. In the future, we hope to take more account of users’ psychology and do a good job in the design and notification of scheduling. "

In fact, this is not the first time that the video platform has launched the "advance on demand" service.

At the end of the drama of the popular The Untamed, Tencent Video has launched a marketing strategy of an episode of 6 yuan and a total of 30 yuan’s pre-on-demand finale, testing the water for pre-on-demand.

Lawyer: After the appearance of VVIP, the propaganda promise of video websites constitutes fraud against VIP.

Zhao Zhanling, deputy director of Beijing Zhilin Law Firm, told the The Paper reporter: "The main problem in providing advanced on-demand service outside VIP is that purchasing VIP service means that you can watch 6 episodes first. According to consumers’ common understanding, this kind of preemption means that VIP members can watch 6 episodes first as long as there is a new episode update. However, due to the existence of advanced on-demand service, VIP members’ preemption of watching 6 episodes has only become relative to non-members and not relative to VVIP. Therefore, the propaganda promise of the video website about VIP members’ preemptive viewing of services is suspected of violating the Consumer Protection Law and constitutes fraud to consumers. "

It is worth noting that on December 16th, Weibo law blogger @ Wu Shengwei wsw, who has 670,000 fans, has taken Aiqiyi to court for pre-ordering. He said: "Joy of Life, who has been watching the hit of Iqiyi recently, is particularly good. After catching up with the latest episode, I found that I have to watch not only the patch advertisement, but also pay to watch it in advance. One episode is as high as 3 yuan. Only then did I realize that today’s members have become ordinary users. Nowadays, VIP members of iQiyi can’t automatically skip advertisements and watch hit dramas in advance. The original membership rights are gone, and many membership privileges are castrated in disguise. "

He also said: "I have always been a loyal user of iQiyi. I went through iQiyi’s VIP Member Service Agreement and found many problems and full format terms, so I am going to try it by legal means. I feel that if no one comes forward, there will be VVVIP, vvvvip in the future. The prosecution materials will be sent to the Haidian District People’s Court in Beijing by mail in the near future. "

Under the "film and television winter", the capital side is cautious, and the income pressure of video platforms is great.

On December 17th, Wang Juan, vice president of Tencent Video, admitted that the capital market gave less support to video websites this year, and the advertising growth rate was also slowing down.

"It’s true that the business support given by business friends to video websites is much less this year. Because last year, our variety show, our head network drama, can be said that every investment can basically achieve the goals we set for it, but this year is particularly difficult, because the budget you may have in your pocket has been reduced, and what is even more difficult is that everyone’s requirements for the delivery effect have gone further, so from the data point of view, our overall advertising growth rate has slowed down. "

Similarly, the third quarter report of iQiyi shows that online advertising revenue reached 2.1 billion yuan this quarter, down 14% year-on-year.

At the conference call after the financial report was released, Gong Yu, founder, director and CEO of iQiyi, expressed his expectation of advertising revenue in 2020. "Brand advertising accounts for the vast majority of iQiyi. There is no better sign of brand advertising next year as a whole, but effect advertising will be more optimistic next year because of iQiyi’s own efforts in technology and products. "

Gong Yu said: "The bottleneck of brand advertising revenue is not inventory, but the advertiser’s budget. So the utilization rate is not high. "

Cctv newsAfter placing an order online, many consumers have received a "favorable cashback" card attached to the goods, or a short message or phone call seeking favorable comments. Recently, Taobao announced that it would prohibit sellers from guiding favorable comments by means of favorable comments cashback.　

Taobao issued a new regulation in official website, pointing out that sellers are not allowed to ask buyers to only write favorable comments, modify evaluations, add evaluations, etc. by themselves or through third parties; It is not allowed to encourage and guide buyers to "praise" on the condition of material or monetary commitment.

Bao Ran, Deputy Secretary General of Zhongguancun Modern Information Consumption Application Industry Technology AllianceBribing consumers or related user groups to make false or distorted product evaluations is illegal in essence.

　　Core reading

　　In the first quarter, the national banking insurance supervision system received a total of 22,651 complaints about insurance consumption, which was 9.90% lower than the same period of last year, but it was still running at a high level. The fundamental reason is that insurance companies have not really established the business philosophy of customer first, the awareness of protecting consumers’ rights and interests is weak, the implementation of the main responsibility is not in place, especially the management and control of sales behavior is weak. In this regard, the regulatory authorities have further strengthened the investigation and punishment of misleading insurance sales, organized and carried out "precision strike action", strictly rectified, dealt with quickly, and paid more attention to accountability, played a warning and deterrent role, and better protected the legitimate rights and interests of consumers.

　　Recently, the Insurance Regulatory Commission of the Bank of China, in combination with the evaluation of handling complaints about insurance consumption in 2017, held supervision talks with the principal leaders of 10 insurance companies, including Xinhua Life Insurance, China Life Insurance, People’s Life Insurance, Sunshine Life Insurance, Taikang Life Insurance, Zhonghua Property Insurance, Yongan Property Insurance, Taiping Property Insurance, Yingda Property Insurance and Zhongan Online, which ranked lower in complaint handling evaluation.

　　According to industry insiders, it is the first time that executives of various companies have been interviewed by the regulatory authorities, which reflects the determination of the regulatory authorities to protect consumer rights.

　　In recent years, with the improvement of people’s living standards, insurance products and services not only cover all walks of life, but also go deeper into people’s lives. While residents’ awareness of insurance consumption has been significantly improved, various consumer disputes have followed suit, and consumer complaints have emerged in large numbers.

　　What are the "hot spots" of these complaints? What are the deep-seated problems behind the development of the industry? How to improve? Our reporter interviewed the heads of relevant departments in China Banking and Insurance Regulatory Commission.

　　Insurance complaints are still running at a high level, and claims disputes and sales disputes are more prominent.

　　The data shows that in the first quarter of this year, the national banking insurance supervision system received a total of 22,651 complaints about insurance consumption, which was 9.90% lower than the same period of last year, but it was still running at a high level. In terms of property insurance, consumer complaints involved 10,944 pieces of property insurance. Among them, there are 8628 claims disputes, accounting for 78.84% of the total property insurance complaints. The claims disputes are still dominated by auto insurance claims, which mainly reflect the disputes over liability identification in the stage of loss determination and compensation, the slow limitation of claims, the disagreement over the amount of claims, the disputes over the reasons for refusing claims, and the claims disputes caused by the failure to explain the obligations of underwriting.

　　In terms of personal insurance, consumer complaints involved 11,707 personal insurances. Among them, there were 4,907 complaints about sales disputes, accounting for 41.92% of the total complaints about personal insurance, which mainly reflected the exaggeration of insurance liability or income, the failure to truthfully explain the important contract contents such as insurance period, consequences of failure to pay fees on time, loss of termination and maturity of payment, and false and untrue propaganda. There were 3246 complaints about claims disputes, accounting for 27.73%, which mainly reflected the disputes about responsibility identification, slow limitation of claims and the amount of claims. There were 1140 complaints about surrender disputes, accounting for 9.74%, mainly reflecting the disputes over surrender amount and the slow time limit for surrender. In terms of types of insurance, complaints about insurance services such as sickness insurance and medical insurance increased significantly, with a year-on-year increase of 41.63%.

　　"The complaint data and the market operation mastered by the regulatory authorities also confirm each other." The relevant responsible comrades in China Banking and Insurance Regulatory Commission said, "For example, in personal insurance complaints, sales disputes are relatively concentrated. In 2017, complaints caused by insurance sales accounted for 45.60% of personal insurance complaints, and complaints caused by misleading insurance liability or income accounted for more than 80% of sales disputes."

　　"There are many insurance complaints. The fundamental reason is that insurance companies have not really established the business philosophy of customer first, consumers’ awareness of protection of rights and interests is weak, and the implementation of the main responsibility is not in place, especially the management and control of sales behavior is weak." He said that the problem of some insurance companies "focusing on front-end sales but neglecting back-end claims, focusing on performance and neglecting services" is more prominent, and it is difficult to meet the growing insurance demand of consumers. At the same time, some marketers have unilaterally explained product terms and deliberately concealed important contents of insurance contracts, infringing on the right to know and legitimate interests of insurance consumers.

　　"The sales behavior of quick success and instant benefit not only damages the legitimate rights and interests of consumers, but also damages the reputation of insurance institutions and the social image of the industry." The person in charge said.

　　Internet insurance complaints have increased, and flight delay insurance and travel accident insurance are hot spots for complaints.

　　The chronic disease has not been removed, and the troubles are coming again. In recent years, complaints about Internet sales channels have increased rapidly. In 2017, insurance regulators received a total of 4,303 complaints about Internet sales channels, an increase of 52.64% over the same period in 2016. Among them, flight delay insurance, travel accident insurance, return freight insurance and hotel cancellation insurance sold through the Internet are the "hardest hit areas" for complaints.

　　Insiders pointed out that the reason for the surge in Internet insurance complaints is that the sales method is not suitable for fully protecting the legitimate rights and interests of consumers. Different from face-to-face sales, online insurance mostly explains insurance clauses, insurance liabilities and other contents to consumers by means of "tick reading", which easily causes consumers to ignore or misunderstand important information that affects their insurance coverage, leading to contradictions and disputes in later claims settlement. Second, the service package does not match the speed of business development. Online new business has expanded its territory, but there are not enough physical service outlets and personnel to match it offline; The data systems of some third-party Internet platforms are lagging behind, and they can’t be connected with the business systems of insurance companies in real time, resulting in the problems that consumers can’t inquire about insurance policies and enjoy insurance services in time after being insured. Third, when some large Internet platforms cooperate with insurance companies, they are in an advantageous position in terms of capital, information, customer resources, etc. The latter is difficult to effectively control their sales behavior, and it is easy to cause complaints.

　　"There are still some insurance companies that lack the scientificity and rigor of product design and development in pursuit of explosions and eye-catching, which is easy to lead to insurance consumption disputes." China Banking and Insurance Regulatory Commission, the responsible comrade, said that the regulatory authorities have been continuously cracking down on old problems and new problems.

　　On May 28th this year, China Banking and Insurance Regulatory Commission notified the administrative penalty decision of Quanzhou Central Branch of PICC Life Insurance Company. On the one hand, the company deceived the insured, lied that the product was sold within 7 days, and stated that "6% of the latest interest rates of major banks have been killed" and "the company enjoys dividend every year". At the same time, it refused to provide relevant information to the inspection team, which hindered supervision and inspection according to law. To this end, the company was fined 250,000 yuan, and the responsible person was severely dealt with.

　　The regulatory authorities will continue to maintain strict punishment and strict accountability.

　　The main problems of the 10 insurance companies interviewed this time focus on the high number of complaints about insurance consumption, the inadequate implementation of the complaint handling system, and more complaints about sales disputes and claims disputes. In addition to the top leaders, business department heads who caused more complaints were also required to participate in regulatory talks.

　　The responsible persons of the insurance companies interviewed all said that they would strictly implement the regulatory requirements, rectify within a time limit, properly handle complaints and disputes with effective measures, continuously improve their operating level and service quality, and effectively protect the legitimate rights and interests of consumers.

　　"To purify the insurance market and protect consumers’ rights and interests, we must fight a tough battle and fight a protracted war." China Banking and Insurance Regulatory Commission, the responsible comrade, said that the regulatory authorities will adhere to the "people-centered" regulatory concept, solidly promote the work of rectifying market chaos, severely investigate and deal with all kinds of illegal acts that harm consumers’ legitimate rights and interests, and continue to strengthen the management of misleading insurance sales and difficult claims.

　　Recently, China Banking and Insurance Regulatory Commission, China has further strengthened its efforts to investigate and punish misleading insurance sales, organized a "precision strike operation", strictly rectified, dealt with quickly, and paid more attention to accountability, playing a warning and deterrent role. "The regulatory authorities will continue to maintain a high-pressure situation of strict punishment and strict accountability for violations of laws and regulations, rectify and standardize market order, and better implement the protection of consumers’ legitimate rights and interests, forming a normal state." The person in charge said.

　　Insiders pointed out that after the merger of China Banking and Insurance Regulatory Commission, supervision showed stronger execution — — In view of misleading bank insurance sales, China Banking and Insurance Regulatory Commission recently hit a heavy blow. According to the report of China Banking and Insurance Regulatory Commission official website on June 6, the contents of insurance period and annualized rate of return declared by Sunshine Life Insurance when selling products were seriously inconsistent with the provisions of the insurance contract, which deceived the insured, and the illegal acts of Hohhot Jiadi Sub-branch of Bank of China, which allowed the insurance company staff to stay in the office to sell, participate in the bank’s agency insurance sales and "double record" work, Administrative penalties were imposed according to law: the insurance institutions involved were stopped accepting new business from banks for one year and fined 600,000 yuan; the banks involved stopped accepting new business from agency insurance for one year and fined 300,000 yuan; and the relevant responsible persons were also warned and fined.