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From May 23rd to May 26th, 2024, China Sports Expo 2024 was held in Chengdu West International Expo City. Power Sports, which has been focusing on the sports & health industry for many years, brought Panasonic Health and SevenFiter, a domestic high-end commercial fitness equipment brand, to the Sports Expo with high-end commercial fitness equipment and Panasonic professional massage chairs.

As a century-old enterprise in the field of health technology, Panasonic has been deeply involved in the field of massage chair products for 89 years. The exhibition brought its newly developed massage chair and massage small products. Panasonic Health has always paid attention to people’s healthy quality of life, and the products on display at this exhibition once again confirmed its profound strength and innovative spirit in the field of health science and technology.

Science, technology and intelligence are integrated to create a scientific fitness space.

This exhibition area was built by Lidong Sports with Shifeite and Panasonic massage chairs. The exhibition area is mainly set up with three theme experience areas: star product interaction area, brand-new product experience area and health relaxation area. Each area combines the most advanced technology to provide one-stop commercial fitness solutions and make the fitness and health space more scientific.

Star Product Interactive Zone & Brand-new product experience zone exhibited new products including strength and aerobic training series, as well as fitness products widely used in commercial gymnasiums. Among them, the heavy new product-modular combination training rack makes people shine, and through modular combination, it creates a professional strength training space with individual characteristics.

Healthy relaxation areas set off a wave of massage experience

Panasonic’s healthy products, as one of the key products on display in this booth, are arranged to be displayed in the health and relaxation area. The products on display this time are not only massage small pieces such as fascia guns which are used for daily massage and relaxation, but also Panasonic massage chairs with international medical device certification, unique writing movement technology and master Japanese stretching techniques, which create a comfortable and healthy relaxation area for visitors and create a perfect combination of exercise and relaxation space.

Among them, Panasonic’s global flagship big BOSS chair MA131 also made its debut in this exhibition. Equipped with the industry’s innovative SJ guide rail and the original 4D REAL PRO movement, it provides accurate finger-abdomen massage wheel technology and simulates the master’s grasping and kneading skills. Combined with Nanuoyi purification technology and comprehensive massage function, MA131 provides users with an all-round massage and relaxation experience from head to toe, creating a new height in the field of intelligent health products.

At the exhibition site, the healthy relaxation area with Panasonic massage chairs attracted a large number of visitors to experience. The experiencers spoke highly of Panasonic’s healthy products, believing that these products are not only fashionable in design and powerful in function, but also very comfortable to relax after exercise or daily, and can satisfy their pursuit of a healthy lifestyle.

Panasonic continues to empower a healthy and beautiful life.

Panasonic Health’s participation in this exhibition is also a new attempt of dynamic sports perpendicular to fitness equipment and health industry for many years. The exhibition not only showed its latest achievements in the field of health science and technology, but also brought more choices for consumers to improve their quality of life. As the exhibition continues, Panasonic’s healthy new products are expected to receive more extensive attention and praise.

Panasonic Health will continue to be committed to innovation, create more comfortable and convenient intelligent health products and services, and bring consumers a higher quality life experience. In the field of health science and technology, Panasonic Health will continue to be committed to leading the development of the industry and empowering a better life.

Panasonic & Power Sports Join Hands to Create a New Chapter in Health Industry

As early as 2013, Dynamic Sports was one of the core distributors of Panasonic Health in China. For more than ten years, the two sides have been each other’s best partners in the health field. In 2023, Power Sports officially became the general agent of Panasonic’s health brand in China, which is not only a high recognition of the power sports in Panasonic’s health cause in the past decade, but also indicates that the two sides will stand at a new starting point and will continue to launch high-end massage chairs and massage products designed specifically for sports needs through deeper cooperation to create a better future.

About dynamic sports

Lidong Sports was established in 2005 and has been deeply involved in the health industry for 19 years. Its professional and perfect fitness equipment and health management services have won the trust of more than 1 million cooperative customers. At present, there are more than 34 physical stores in major cities across the country, providing comprehensive product experience and professional after-sales service.

　　Author: Securities Times reporter Wu Shaolong Zhang Shuxian Yu Shipeng Li Mingzhu

　　Introduce procedural trading regulations and strengthen the supervision of high-frequency quantitative trading; Formulate operating rules for private equity funds; Improve the measures to deal with extreme situations; Seriously investigate and deal with illegal acts such as manipulating the market and maliciously shorting … Recently, the State Council issued "Several Opinions on Strengthening Supervision and Preventing Risks to Promote the High-quality Development of the Capital Market" (hereinafter referred to as the new "National Nine Articles"), which released a clear policy signal on transaction supervision.

　　A number of market participants said in an interview with the Securities Times reporter that the new "National Nine Articles" put forward a series of specific measures to strengthen transaction supervision, practiced the political and people-oriented nature of capital market supervision, and maintained an "open, fair and just" market order, which also reflected the full consideration of the national conditions and market conditions of China’s capital market.

　　Standardize the development of procedural transactions

　　The new "National Nine Articles" clearly requires the introduction of procedural transaction supervision regulations and the strengthening of supervision over high-frequency quantitative transactions. This is the first time that procedural transaction supervision has been written into the new "National Nine Articles".

　　At the same time, the CSRC plans to issue the Regulations on the Management of Programmatic Trading in the Securities Market (Trial) (hereinafter referred to as the "Regulations"). Shanghai and Shenzhen Stock Exchanges have successively issued detailed business rules and specific measures.

　　A number of market participants interviewed told reporters that the purpose of programmatic transaction supervision is more to regulate development than to restrict it.

　　The data shows that China’s programmed trading started late but developed rapidly. At present, the market value of programmed trading investors accounts for about 5% of the total market value of A shares, and the transaction amount accounts for about 29%. By the end of last year, the whole market reported 119,000 programmed trading accounts. In comparison, programmatic transactions in some mature markets account for more than 50%.

　　Regarding the influence of programmed trading, the market thinks that it has two sides, on the one hand, it can enhance market activity and improve market liquidity; On the other hand, programmed trading, especially high-frequency trading, has obvious advantages in technology, information and speed, and there are also problems such as strategic convergence and trading resonance, which are easy to increase market volatility.

　　Tang Zhehui, deputy managing partner of Ernst & Young’s audit service in Central China, said in an interview with the Securities Times reporter that bringing programmatic trading into a reasonable and legal supervision system can enhance market transparency, reduce black-box operations and unfair competition in transactions, and promote the development of programmatic trading norms, which is conducive to investors making more informed trading decisions and promoting the healthy development of the market.

　　The "Management Regulations" also adhere to the "principle of consistency between domestic and foreign investment" and make arrangements for the supervision of northbound programmed transactions.

　　Northbound investors are important users of programmed transactions. The "Management Regulations" clarify that both domestic and foreign capital are included in the transaction reporting system. Since September last year, the stock exchange has established and implemented a programmed transaction reporting system. At present, all kinds of investors, including public offering, private placement and brokerage, have been included in the reporting scope. As participants in the mainland market, northbound investors should be included in the reporting system.

　　The reporter learned that at present, the preliminary idea of information reporting for northbound investors has been studied and formed. The contents of the report are generally consistent with those of mainland investors, including basic account information, capital information and trading strategy. On the reporting path, it is considered that investors should report to Hong Kong brokers first, and then the Hong Kong Stock Exchange will provide them to the Shanghai and Shenzhen Stock Exchanges through the Shanghai-Shenzhen-Hong Kong Stock Connect supervision and cooperation arrangement. In terms of implementation arrangements, a transition period will be set for stock investors, who can complete the report during the transition period, and new investors can only carry out programmatic transactions after completing the report.

　　Differentiated supervision of high-frequency transactions

　　In addition to procedural transactions, standardizing high-frequency transactions is also an important measure to strengthen transaction supervision in the new "National Nine Articles".

　　At present, the screening criteria for high-frequency transactions in stock exchanges are that the highest declaration rate per second is more than 300, or the highest declaration per day is more than 20,000. From the screening results, the number of high-frequency trading accounts is generally small, but the transaction amount is large, accounting for about 60% of the programmed transaction amount.

　　From the perspective of overseas markets, high-frequency trading has always been the focus of attention of regulators in various countries. For example, Japan imposes compulsory registration on high-frequency transactions, while the European Union imposes differentiated charges on high-frequency transactions, while the United States regards the use of programmed transactions to implement "fraud" as market manipulation for punishment.

　　The "Management Regulations" for public consultation fully draws on the experience of international market supervision, and from the perspective of maintaining market fairness and transaction order, puts forward stricter differentiated supervision requirements for high-frequency transactions, covering additional reporting mechanisms, differentiated fees, and appropriate and strict transaction supervision.

　　Tang Zhehui said that strict supervision of high-frequency trading may affect the reaction speed and trading income of some investors who rely on high-frequency trading strategies, but the overall institutional arrangement still reflects the idea of "pursuing advantages and avoiding disadvantages and standardizing development". The implementation of differentiated regulatory requirements shows that the regulatory authorities do not want to shut out high-frequency trading, but they cannot let it go. Instead, they hope to improve the security and stability of the system by controlling negative factors and better promote the healthy development of the capital market.

　　Tian Lihui, dean of the Institute of Financial Development of Nankai University, said that the Management Regulations strengthen the supervision of high-frequency transactions and highlight the investor-oriented concept, which is in line with the reality that small and medium-sized investors account for the majority in China’s market, and can also avoid the risk of large market fluctuations to a certain extent in actual operation.

　　Strengthen the deterrent force and improve the expected management.

　　In addition to programmatic trading and high-frequency trading, the new "National Nine Articles" also proposed to strengthen the supervision of transactions, including formulating the operating rules of private equity funds, improving the countermeasures in extreme situations, and seriously investigating and handling illegal acts such as manipulating the market and maliciously shorting, so as to maintain a high-pressure situation of "zero tolerance" for illegal transactions.

　　The new "National Nine Articles" also proposes to improve the expected management mechanism, incorporate the impact assessment of major economic or non-economic policies on the capital market into the macro-policy orientation consistency assessment framework, and establish a coordination mechanism for the release of major policy information.

　　A series of measures are aimed at enhancing the internal stability of the capital market.

　　Ma Kewei, managing director of Ming Ze Investment, said in an interview with the Securities Times reporter that strict investigation of market manipulation and malicious shorting is expected to effectively crack down on short-selling forces, strengthen the fairness and transparency of the market, and be conducive to the healthy development of the capital market; Perfecting the regulatory standards for abnormal trading and market manipulation can prevent unfair trading from distorting the market order and harming the interests of investors.

　　Tang Zhehui also said that the new "National Nine Articles" proposed to strengthen the inherent stability of the capital market, strengthen the bottom line thinking, and improve the response measures to extreme situations, indicating that the regulatory authorities will take decisive measures to correct the situation when the market is seriously out of the fundamentals, such as irrational drama, liquidity exhaustion, market panic and serious lack of confidence, and resolutely prevent systemic risks.

　　After a lapse of ten years, the State Council recently issued the guidance document on capital market, Several Opinions on Strengthening Supervision and Preventing Risks to Promote High-quality Development of Capital Market (hereinafter referred to as the new "National Nine Articles"). The new "National Nine Articles" points out that we should establish a market ecology that fosters long-term investment, improve the basic system that adapts to long-term investment, and build a policy system that supports "long-term investment with long money". In particular, it is necessary to vigorously develop equity Public Offering of Fund and substantially increase the proportion of equity funds.

　　When the new "National Nine Articles" called for the promotion of medium and long-term funds to enter the market, it specifically mentioned institutional investors such as public offerings and insurance funds.

　　In Public Offering of Fund, the new "National Nine Articles" indicated that the proportion of equity funds should be greatly increased, and pointed out several development trends. In terms of products, it has established a fast approval channel for trading open index funds (ETFs), promoted the development of indexed investment, and enriched Public Offering of Fund’s investable products and portfolios. In terms of system, it includes reducing the comprehensive rate of Public Offering of Fund industries, and studying and standardizing the compensation system of fund managers.

　　The new "National Nine Articles" also mentioned that it is necessary to optimize the policy environment for equity investment of insurance funds, implement and improve the performance evaluation methods of state-owned insurance companies, and better encourage long-term equity investment. In addition, it is necessary to improve the investment policies of the national social security fund and the basic old-age insurance fund. Improve the flexibility of investment in enterprise annuities and personal pensions. Encourage bank wealth management and trust funds to actively participate in the capital market and increase the scale of equity investment.

　　The new "National Nine Articles" also pointed out that fund companies should solve the problem of "funds make money and investors don’t make money" and require fund companies to change to investors’ return-oriented.

　　Huibaichuan Fund believes that the new "National Nine Articles" and a series of new regulations of China Securities Regulatory Commission are another "epic" major institutional progress in the market since the "share-trading reform", and the core is to "establish an investor-centered" capital market. Bosera Fund said that promoting the high-quality development of equity-based Public Offering of Fund is the primary starting point for the new "National Nine Articles" to promote medium and long-term capital to enter the market and continuously expand the long-term investment power.

　　The call for promoting medium and long-term capital to enter the market has been highly recognized by the market. So, what is the current situation of long-term capital? What role does Public Offering of Fund play?

　　Shen Bing, Director of the Institutional Department of the China Securities Regulatory Commission, publicly stated that by the end of last year, all kinds of professional institutional investors had a total market value of 16 trillion yuan in A-share circulation, which more than doubled in five years, and the shareholding ratio increased from 17% to 23%. Among them, Public Offering of Fund holds 5.1 trillion yuan of circulating market value of A-shares, and its shareholding ratio has increased from 4% to 7.3%, making it the largest professional institutional investor in A-shares.

　　However, Shen Bing also said that the total amount of long-term funds in the current capital market is still insufficient, the supporting mechanism is not perfect enough, and the policy environment of "long money and long investment" has not been fully formed. Among them, Public Offering of Fund, as the representative of equity investment in the asset management industry, has a low proportion of equity products and insufficient market leading power.

　　Yang Delong, chief economist of Qianhai Kaiyuan, said that only by continuously introducing long-term funds can the stability of the capital market be continuously improved, and the new "National Nine Articles" pointed out the direction for this. "As the largest institutional investor in Public Offering of Fund, in the current scale of public offering management of about 28 trillion yuan, equity funds account for less than 10 trillion yuan, which is still relatively low, and the proportion will continue to increase in the future."

　　Smooth "raising investment and managing withdrawal" venture capital expects the policy to be implemented.

　　A few days ago, the State Council issued "Several Opinions on Strengthening Supervision and Preventing Risks to Promote the High-quality Development of the Capital Market", which consists of nine parts (hereinafter referred to as the new "National Nine Articles"). Many of them involve the whole chain of venture capital industry, which has a significant impact on the primary market.

　　Many people in the industry who were interviewed expressed a common view. Article 8 mentioned "further unblocking the circulation of’ raising investment and managing withdrawal’ and giving full play to the role of venture capital and private equity investment in supporting scientific and technological innovation", which has the highest correlation with investment in the primary market. It not only gives opinions on the current difficulties faced by the industry, but also reaffirms the role of venture capital in supporting scientific and technological innovation.

　　Shen Zhiqun, vice president of China Investment Association and chairman of the Venture Capital Committee, told the Securities Times reporter that the formulation of Article 8 mentioned above is the implementation of the spirit of the important instructions of the Central Economic Work Conference at the end of last year on "encouraging the development of venture capital and equity investment". It is hoped that the relevant government departments will further concretize and implement the relevant policies of the new "National Nine Articles".

　　LP Investment Gu, who has been paying attention to the primary market for a long time, believes that China’s economy has entered the stage of innovation-driven and high-quality development, and the entire venture capital industry urgently needs the top-level design of mechanism, institutional innovation and system to break the long-term capital bottleneck and inject liquidity into the primary market.

　　In the third article of the new "National Nine Articles", it is proposed to "comprehensively improve the system of rules for reducing holdings. Introduce management measures for listed companies to reduce their holdings and classify different types of shareholders. " The industry expects a new breakthrough in the policy of reducing the shareholding of venture capital shareholders, especially for institutions that have invested in the early stage and given support at the earliest stage of enterprise development. After listing, the reduction of shareholding can be reasonably withdrawn to gain new liquidity, so as to better realize capital circulation and complete the mission of innovative capital supporting early scientific and technological innovation.

　　Shen Zhiqun said that it is necessary to confirm that venture capital enterprises are investors in the capital market, strictly distinguish them from the financiers of the major shareholders of listed companies, and effectively protect the legitimate rights and interests of venture capital enterprises, especially for invested enterprises that invest in early investment and small investment in technology and innovation, give equal priority to listing, fully implement the differentiated supervision mode of venture capital enterprises, effectively implement the "reverse linkage" system of venture capital equity reduction, and gradually solve the problem that the venture capital industry is not smooth from fundraising to withdrawal.

　　Article 7 points out: "Establish a market ecology that fosters long-term investment, improve the basic system that adapts to long-term investment, build a policy system that supports’ long-term investment’ … optimize the policy environment for equity investment of insurance funds, implement and improve the performance evaluation methods of state-owned insurance companies, and better encourage long-term equity investment." This is also a topic of common concern to the industry.

　　China’s venture capital industry is facing the common problems of serious shortage of long-term capital supply and urgent optimization of capital structure. In this regard, some venture capital institutions from Shenzhen suggest that large insurance institutions should be encouraged to contribute to venture capital funds by changing the investment performance appraisal mechanism and expanding the proportion of insurance funds entering venture capital; At the same time, we will encourage part of the balance of local social security pensions to enter venture capital funds in cities with abundant balances, such as Shenzhen.

　　The new "National Nine Articles" will further raise the threshold for listing and bring greater challenges to the entire venture capital industry. Although venture capital exit faces a more difficult environment, the policy still encourages diversified exit channels. Article 8 clearly points out that "we should intensify the reform of M&A and take various measures to activate the M&A and restructuring market."

　　Shen Zhiqun said that a stable and healthy capital market is of great significance to the sustained and efficient operation of venture capital enterprises, an important investment subject active in the capital primary market. Venture capital institutions should not only find out that the value is well invested, but also need to realize the value retreat smoothly and efficiently.

　　Article 9 also proposes "to implement and improve the tax policies of listed companies’ equity incentives, medium and long-term funds, private equity venture capital funds, real estate investment trust funds, etc.", all of which are aimed at opening up many pain points and blocking points faced by the whole industry ecology, but it is still necessary for the whole industry to form a consensus and work together to jointly explore and establish a long-term capital development path with China characteristics.

　　Recently, the National Development and Reform Commission published "Several Opinions on Strictly Implementing the Bidding Laws and Regulations to Further Standardize the Behavior of Bidding Subjects (Draft for Comment)" (hereinafter referred to as "Draft for Comment"). In view of the problems existing in the current bidding market, especially in the field of engineering construction bidding, such as the lack of the tenderer’s main responsibility, various unreasonable restrictions in the bidding market and the fact that market barriers has not been completely eliminated, the Exposure Draft puts forward relevant measures from the aspects of standardizing the performance management and implementing the supervision and management responsibilities. In particular, the opinion draft puts forward that the bidding administrative supervision department should actively rely on the electronic bidding system and use big data and other technical means to focus on cracking down on illegal acts such as suspected manipulation of bidding or lending qualifications, which lead to an abnormally high winning rate.

　　Shall not dismember the contract to avoid bidding.

　　At the end of December 2017, since the revised bidding law was officially promulgated, the overall bidding work in China has been greatly developed in terms of volume and efficiency. However, there are still many problems in the current bidding market, especially in the field of engineering construction bidding. This is manifested in the following aspects: the main responsibility of the tenderee is missing, and all kinds of unreasonable restrictions and market barriers in the bidding market have not been completely eliminated; Avoiding bidding, false bidding, collusive bidding and other illegal situations still exist.

　　To this end, the "Draft for Comment" will focus on strengthening the regulation of the main behavior of bidding and tendering, and emphasize the implementation of the main responsibility of the tenderer.

　　The "Draft for Comment" proposes that the bidding autonomy should be implemented in strict accordance with the law and the compulsory bidding system should be strictly implemented. It is not allowed to evade bidding in any form, such as dismembering the contract, breaking it into parts, recruiting small ones and sending large ones, or fictional classified projects, emergency projects, and using patented technology; It is not allowed to engage in false bidding on the grounds of strategic cooperation, investment attraction, etc., such as "open bidding and secret bidding" and "build first and then recruit"; Not through collective decision-making, meeting minutes, reply opinions, memos and other forms will be legally required to tender the project into negotiation, comparison or direct contracting and other non-tendering methods; It is not allowed to illegally adopt invitation bidding for projects that should be open for bidding; It is forbidden to change the bidding procedures at will, and it is forbidden to directly determine potential bidders, winning candidates or winning bidders by drawing lots, shaking numbers and drawing lots.

　　In order to prevent the problem of "default of the winning bidder" in the bidding process, the Draft for Comment also emphasizes the need to do a good job in reviewing and evaluating the bid evaluation report. The tenderer shall carefully review the written bid evaluation report submitted by the bid evaluation committee, focusing on whether the selection, withdrawal, personnel composition and professional structure of the members of the bid evaluation committee meet the requirements; Whether the bid evaluation committee conducts bid evaluation in accordance with the bid evaluation methods and standards specified in the tender documents; Whether there are random scoring, willful scoring or obvious tendency scoring phenomena such as "human feelings score" and "relationship score"; Whether there is inconsistency in objective index scores or significant difference in subjective index scores; Whether to conduct a detailed review of abnormally low-priced bids or seriously unbalanced quotations; Whether to ask the bidder for clarification, explanation and correction according to law; Whether there is any random rejection of bids.

　　Focus on monitoring professional households accompanying bids

　　The bidding market is an important part of the high-standard market system, and the bidding work is of great significance for giving play to the decisive role of the market in allocating resources, improving the quality and efficiency of resource allocation, improving the efficiency of the use of state-owned funds and preventing corruption. To this end, the "Draft for Comment" proposes to resolutely curb illegal bidding behavior and strictly regulate the behavior of bidders.

　　The "Draft for Comment" stipulates that it is not allowed to lend, borrow or link the qualification bidding; Shall not forge or alter qualifications, qualification certificates or other licenses to defraud the bid; Shall not collude with the tenderee, tendering agency or other bidders in bidding; After winning the bid, the bidder may not give up the bid without justifiable reasons, and the tenderer may not return the bid bond if the bid documents are revoked after the deadline for bidding or the bidder gives up the bid without justifiable reasons.

　　At the same time, it is necessary to use new technologies to accurately target key regulatory targets. The bidding administrative supervision departments at all levels should actively rely on the electronic bidding system and use big data and other technical means to analyze and judge the local bidding market, focusing on "bidding professionals" who have abnormally low bid winning rate, do not bid for the purpose of winning the bid, and are suspected of colluding with bids, and focus on cracking down on "bidding kings" who are suspected of manipulating bids or lending qualifications and other illegal acts that lead to abnormally high bid winning rate.

　　In terms of intensifying the crackdown on illegal activities, the "Draft for Comment" requires administrative supervision departments at all levels to implement "zero tolerance" for illegal activities in bidding and tendering; Strict implementation of the administrative punishment decision must be made public within seven working days, and timely pushed to the public resource trading platform, synchronous publicity to the "credit China" website.

　　The reporter also noted that the "Draft for Comment" intends to squeeze the space of power rent-seeking in the bidding process by promoting the whole process of electronic bidding.

　　Improve trustworthiness, encourage dishonesty and punish.

　　In terms of the implementation of supervision and management responsibilities, the Draft for Comment requires that the professional quality of the bidding industry team should be greatly improved, and that tenderers, bidders, bid evaluation experts, bidding agencies and their employees should correctly establish the value concept of fair competition and merit-based, and enhance professional ethics, professional ability and integrity and self-discipline awareness. Accelerate the construction of a market integrity system that combines administrative supervision, social supervision and industry self-discipline, give full play to the role of industry self-discipline mechanism, and promote the integrity and law-abiding of bidding subjects.

　　At the same time, it is necessary to speed up the construction of credit system in the field of bidding, build a new supervision mechanism based on credit, which runs through the whole life cycle of market participants’ bidding and connects all stages before, during and after, and give full play to the basic role of credit in improving supervision ability and level. Scientifically establish credit evaluation indicators and standards, increase the application of credit evaluation results in bidding evaluation, and further improve the incentive mechanism for bidding and trustworthiness and disciplinary mechanism for dishonesty, so as to provide a strong guarantee for establishing a fair and orderly bidding market and creating a good business environment.

　　In addition, in terms of strengthening the management of agencies and employees, the Draft for Comment clarifies that bidding administrative supervision departments at all levels should strengthen the dynamic supervision of bidding agencies and employees, take the bidding agency behavior as the main content of the "double random and one open" inspection and bring it into the normal management, impose administrative penalties on behaviors that disrupt the market order, such as bid rigging and bid rigging, and punish them for dishonesty according to law. The investigation results should be announced in time and made public according to regulations, and the evaluation results can be used as a tenderer to choose a bidding agency. Encourage the credit evaluation of bidding agencies and the evaluation of professional technical ability of employees, and improve the service ability of bidding agencies.

　　Xiong Wenzhao, a professor at the Law School of Minzu University of China, believes that all kinds of violations of laws and regulations in the bidding activities in the engineering field have extremely adverse effects on the bidding work of construction projects. Therefore, it is of great practical significance to strengthen the relevant responsibilities of bidding subjects and strengthen the management of agencies and employees. An important reason for the endless corruption in the bidding field is unclear responsibility and poor supervision. Therefore, it is very effective to urge the responsible units to establish a list of responsibilities, and clearly define the responsibilities from the weak links such as the preparation of bidding documents, contract performance management, post-bid supervision and inspection, and joint punishment for dishonesty. (Reporter Wan Jing)

　　　 The last part of this year’s account blockbuster, the first disaster film of biology department in Korea, "Iron Nematode Invasion" is being shown in national cinemas, and the topic of insect epidemic is also heating up. About "the appearance of iron nematodes", "the possibility of iron nematodes parasitizing human body" and "the probability of pesticides killing mutant parasites in human body" have all become hot topics in the streets at the end of this year. Some netizens are still struggling with the heinous iron nematodes after watching the film.

　　　 The Iron Nematode Invasion has been released for nearly a week, and it has been well received for its control of rhythm and tension. When a large number of infected people stumbled into the river, it was as enjoyable as watching Resident Evil. Netizens described it in one sentence as "ten minutes into the play, climax to the end", and the resonance caused by emotional rendering was more touched. Film critic Yang Jian commented: "Disaster is no longer a disaster.

Have the fear of eating eggs at the end been eliminated?

　　　 In the movie "Iron Nematode Invasion", when Zaihe (Myung min KimAfter the scene of crying on one’s knees in the ruins, the weak scholar becoming an iron character, the brilliant maternal love of his wife (Wen Yunxi) and the struggle of his younger brother Zaibi (Dane Kim Kim Dong-wan) for an antidote, life is inevitably calm after thrilling: nothing more than the family being saved and reborn after the robbery, Zaihe cherishes the meaning of family more, and his wife’s personality is becoming more and more perfect, Zaibi.

　　　 Just when everyone thought that the film was about to end happily, a body floating on the sea shocked everyone, including Jae-hyuk. However, the film came to an abrupt end here, leaving a room for infinite imagination. Perhaps the "battle" of the insect epidemic is far from simple as imagined. Mutant parasites lurk in the ubiquitous water source, and the Han River goes west to the sea, accompanied by pests. Even if a lot of remedial measures are taken, it can’t resist the epidemic crisis with super fecundity. The dead bodies crossing the sea are just a drop in the ocean. Where will the next "battle" of insects take place?

Jin Mingmin may be recruited into the "The Avengers"?

At the 2024 new york International Auto Show, people are watching the electric cars on display. Image source: Anthony Behar/Alamy

On May 14th, the U.S. government announced that it would substantially increase the tariffs on a series of products imported from China, most of which are aimed at "green" or low-carbon technology products. The tariffs will take effect on August 1st, including 100%, 25% and 50% tariffs on electric vehicles, lithium batteries and solar cells respectively. The affected categories of China goods include medical supplies, steel and aluminum products and marine cranes, and the importers will have to pay the established tax rate to the US government.

This tariff will reduce the competitiveness of related products and keep them out of the American market.

This not only marks the spread of tension between China and the United States to new areas, but also will have an impact on global energy transformation, climate diplomacy, Latin American manufacturing and trade relations, and the essence of technological development in the 21st century.

In this regard, Dialogue Earth interviewed experts from Europe, China and Latin America.

Belinda Schäpe

Independent expert and consultant on climate policy and China-EU relations in China.

Recently, the United States imposed tariffs on green technologies, marking a new stage in the Sino-US trade war, which may lead to a slower pace of energy transformation in the United States. People welcome healthy industrial competition, but the current policy of the United States may not achieve the expected results: despite the huge subsidies provided by the Inflation Reduction Act, the new tariffs will make the price of green technology in the United States more expensive, thus hindering global cooperation in tackling climate change. The EU should find its own way to deal with China’s dominant position in the field of green technology instead of shrinking on the issue of climate targets.

The EU needs to carefully strike a balance between the two goals of supply chain resilience and climate resilience. Hastily excluding China from the green technology supply chain will threaten the EU’s climate targets. In order not to affect its climate goals, the EU needs to take a pragmatic view of the threat posed by China’s green technology: although dependence on China may bring economic and strategic risks to some goods, it may not be the case for other categories. In order to ensure a smooth energy transition, it may be inevitable to rely on China to some extent in the short to medium term, especially considering China’s leading position in the international supply chain. To realize the diversification of these supply chains, it is inseparable from global partnerships, especially with developing countries around the world, which need to be supported by financial strength and innovation, rather than new tariffs.

With the escalation of tension between China and the United States, China-EU relations play an important role in maintaining the continuity of climate cooperation and diplomatic dialogue. China and the United States are about to start a confrontation in the field of green technology, which may affect global climate cooperation. If Trump is elected president of the United States for the second time, the United States may give up its climate commitment, and one of the few active working groups between China and the United States will also end. If Sino-US climate cooperation breaks down, the EU will have the responsibility to cooperate more closely with China to promote global climate action and urge China to fulfill its climate commitments. The EU should be prepared to maintain its position as a climate leader, and at the same time be cautious in dealing with trade tensions.

Yao Zhe (Yao Zhe)

Global Policy Advisor, Greenpeace East Asia Branch

On the occasion of the US election, President Biden’s decision to escalate the Sino-US trade dispute on green products is a risky bet. Being tough with China may win some voters’ votes and gain short-term political benefits, but it will also lose China’s trust in climate cooperation. China is expected to take countermeasures against the new tariffs, but the Sino-US climate dialogue will continue. However, if the green trade dispute continues to escalate, it may hinder the two countries from reaching any substantive climate cooperation action.

The China-US Climate Dialogue now has a new leader. John Podesta, the top climate diplomat in the United States, is also responsible for implementing the Inflation Reduction Act. His dual identity will inevitably bring closer the relationship between trade and climate dialogue, which will bring a severe test to the resilience of bilateral climate cooperation.

Climate is a special link to stabilize relations between the two countries in difficult times. However, the recent actions of the United States, including putting pressure on China with "overcapacity" and sharply increasing tariffs on electric vehicles and solar cells in China, have all released contradictory signals.

Competition may be the keynote of Sino-US relations for a long time to come. But that doesn’t mean that the two countries must be tit for tat in every aspect. On climate issues, even in green industries, the two countries still have good reasons to cooperate closely.

China enterprises are looking for opportunities to establish joint ventures and production centers in overseas markets, including the United States. This will help create jobs for the local area and promote economic growth. If Chinese and American enterprises are willing to cooperate, politics should not be an obstacle.

David Tyfield

Professor of Sustainable Transformation and Political Economy, Lancaster University

The new tariffs imposed by the United States on China’s electric vehicles show that more and more influential voices in the United States realize that the importance of electric vehicles is far more than a minor upgrade of long-standing automobile technology.

At present, we stand at the starting point of the social and technological evolution of electric vehicles. In the digital age, they are more and more likely to become "supercomputers on wheels". Therefore, electric vehicles are not only the core of the key travel industry and geopolitical competition in the 21st century, but also the key technology to shape the urban life style and the "good" vision in the future, which will further affect the global order and power.

In view of the fundamental mismatch between the current and emerging superpowers in terms of global outlook, it is not surprising that we see the competition around electric vehicles escalating and gradually moving towards "strategic decoupling". This kind of competition will not only involve the future form of electric vehicles, but also shape the future world in turn.

In the "Global Electric Vehicle Competition", the firm participation of the United States is welcome-not because of the speed of electric vehicle promotion, nor because American innovation is "better" in a sense, but because it has at least established a meaningful competition platform for the quality of electric vehicles. It also ensures the development track of this key technology, and will not only meet the needs of China by default.

However, this protectionist strategy risks being defeated by themselves. This is inevitable, and what is currently on the table is not the "best situation" of Sino-US cooperation-that is, a win-win strategy with the lowest risk.

Therefore, how this latest initiative affects the transformation of global sustainable travel depends on its complex details in the medium term. As the United States and China offer increasingly different and directly competitive electric vehicle visions, other countries (both of which need their markets) may balance them, thus producing positive global results. However, the opposite result may also occur, that is, due to the intensification of geopolitical division, the cycle of distrust slows down the popularization of electric vehicles and has a negative impact on this technology.

In a word, this tariff means that we have entered a new era. In this era of intensified global competition, it is possible to accelerate or slow down the popularization of electric vehicles; Only one thing is certain, that is, the electric vehicle industry will be more turbulent.

Jorge Heine

Professor, Pardee School of Global Studies, Boston University, and temporary director, Pardee Center for the Study of the Long-Range Future, Boston University.

This move by the United States may open the prelude to a large-scale escalation of the Sino-US trade war, and all countries in the region should be vigilant about this. Presidential candidate Trump has announced that if elected, he will impose a 10% tariff on all goods imported from the United States and a 60% tariff on goods imported from China.

Since the 1990s, Latin American countries, including Chile, Colombia, Peru and Uruguay, have been betting on increasing exports and promoting economic growth through free trade and access to the markets of China and the United States (the total economic output of the two countries accounts for 40% of the global GDP). They also bet on the right thing.

Now, the signal from Washington is that the era of globalization and open market is over. Protectionism prevails. In addition to electric vehicles, the United States also pointed its finger at other green renewable energy products such as batteries and solar panels. Latin America has many key commodities such as copper and lithium needed for green transformation. Therefore, these practices of the United States are particularly worrying for this region.

For many Latin American countries, it is the best choice to make use of these key commodities and increase their value, so as to realize the transformation of green economy, and to stimulate economic growth after another "lost decade". Latin American countries are eager to cooperate with China and the United States to promote the realization of this vision by developing tripartite relations-just as countries in this region did at the peak of commodity demand.

However, the signal from Washington is that this method is no longer feasible. The United States now completely gives priority to the domestic market, even if climate change and regional green transformation will be affected by it.

Enrique Dussel (Enrique Dussel)

Coordinator of China-Mexico Research Center, National Autonomous University, Mexico

In the past few years, we have experienced conflicts between China and the United States. Many people are talking about "near-shoring", "on-shoring" and "offshore". I want to add the term "security-shoring" to this dialogue, that is, to put the national security of the United States above trade and have a direct impact on third-party countries.

Recently, the United States hopes that third countries must adopt the same regulatory rules for China, that is, the "invest compete align" strategy adopted by the United States against China. "Collaboration" will affect third-party countries, because the United States is seeking third-party partners to fight against China with it; The United States hopes that Mexico can be consistent with the US security outsourcing strategy in all fields.

In terms of elections, Biden and Trump both agree with this, so the current competition between the two sides is who is tougher on China.

Solemnly declare:This information comes from the data of Eastern Fortune Choice, and the relevant data are for reference only and do not constitute investment advice. Dongfang Fortune Network strives to ensure the complete accuracy of the data. If there are any errors or omissions, please refer to the information disclosure media of listed companies designated by China Securities Regulatory Commission. Dongfang Fortune Network will not assume any responsibility for the profits and losses caused by all or part of the information. Users personally take risks in the use of the service, and Oriental Fortune Network does not make any kind of guarantee for this.

If you want to find a person with ambition, desire and ability to create a utopia on this planet, elon musk, the Iron Man of Silicon Valley, is undoubtedly the first choice.

This technology madman has brought cutting-edge technology projects such as Tesla and SpaceX into reality, so he is extremely rich. Now his new battlefield is social network: the privatization proposal that the world’s richest man spent more than 40 billion US dollars to acquire Twitter has been approved by the company’s board of directors. Musk said in the acquisition announcement that freedom of speech is the foundation of democracy, and Twitter is a digital town square where people discuss issues that are crucial to the future of mankind. Twitter has great potential-I look forward to unlocking it with the company and the user community.

Aside from political and financial conspiracy theories, many blockchain practitioners believe that Musk’s privatization of Twitter may become a change.A utopian experiment to set things right and return to the right development path of centralization.

Taking this as a starting point, a more free and democratic Web3 version of the online speech platform (protocol) will be established. This is exactly what Jack Dorsey, the former CEO of Twitter, has been trying to promote but failed repeatedly-he only owns more than 2% of the shares and has no voting control.

In this fairy tale with a clear distinction between good and evil, Dorsey is a frustrated idealist, the board of directors of Twitter is undoubtedly the spokesman of greedy capitalists on Wall Street, and Musk is a white knight who saves people from fire and water. Even Dorsey himself publicly stated that "taking it back from Wall Street is the right first step. 」In another version of the story, an oligarch grabs the world’s largest speech tool, and the danger behind it is obvious.

Reality is far more complicated than story. But no matter what kind of narrative, the importance of Twitter to the next generation Internet (Web3) is self-evident: not only because it is the largest and most controversial speech square, but also because it has the decentralized gene since its inception.

"Just created my Twitter. On March 21st, 2006, at 11: 50am, Dorsey posted the first official tweet in their oversimplified office. At this time, there were many strange things around the early employees in the office: hackers, anti-government, caravan vagrants …

The main founders are also full of free and loose colors. evan williams created the new concept of Blogger (he contributed a lot to the popularity of Blog) and devoted himself to promoting computers so that anyone can have his own newspaper; Jack Dorsey was wearing a blue explosive head and a nose ring. He had previously proved his ability by invading a company’s system to get a job. Biz Stone, on the other hand, gave up millions of dollars in salary and stock at Google in exchange for a "freer" entrepreneurial life. He is also an extreme animal lover. He once made the biggest fire in his career in order to prevent his colleagues from killing rats.

As you can imagine, Twitter’s management in this atmosphere was chaotic and disorderly in the early days. After that, it did not usher in explosive growth, and another "new creature" Facebook was the darling of the Web2 era:

By January 2006, less than two years after Facebook was founded, its users had exceeded 6 million. Viacom, an American media giant, offered $750 million to buy Facebook, while Yahoo offered $900 million.

Twitter is stuck with a seemingly simple question: how to explain itself to people.

Everyone has a different answer: "It is a network lacking sociality. ""It replaced text messages. ""It’s a new email. ""It’s a micro blog. "It is used to update your status. 」

Even though several founders didn’t figure out how to answer this question, Dorsey and Evan still disagree. Dorsey thinks Twitter is a place to tell others "what I’m doing", while Evan thinks Twitter’s role should be a way to share news, not status: Twitter is an information transmission network, not a social network.

Until mid-June 2007, when the number of Twitter users had exceeded 1 million and the first acquisition intention was ushered in, the above problems were still unresolved. Investors and news media are trying to interpret Twitter in their eyes, and even Yahoo, the acquirer, is quite confused about this. In Brickhouse, Yahoo’s business incubator, after a series of greetings and introductions, Bradley Horowitz, the person in charge at that time, couldn’t help asking the young entrepreneurs on the other side of the desk: "So, it is a social network? 」

This time, Dorsey broke the silence. "I think Twitter is a public utility," he said. "It’s an Internet broadcasting system. Then, he began to describe his vision for Twitter and pointed out that its status is equivalent to electricity.

It is conceivable that Bradley looked puzzled when he heard these answers, especially the idea that social media companies are a public utility. After the meeting, Bradley said goodbye to the founders one by one and told Evan, "We’ll be in touch."

Yahoo didn’t pay for this set of rhetoric. Soon after, they expressed their willingness to pay $12 million for Twitter-far below the expectations of Dorsey and others-and told Twitter that Yahoo could easily master the technology needed to set up Twitter because it was only "a simple messaging service" and "a few engineers could complete it within a week. If Twitter is not sold, then Yahoo will plan to build and release a competitive product.

There is no doubt that the three founders of Twitter rejected Yahoo’s proposal. In their view, this ironic acquisition did not undermine the confidence of the company, but promoted the team spirit. At least at that moment, "Twitter is nothing" had a consistent answer:

It is not a "message service" that Web1 bosses can take in at will, and it is also far from the classic case of "social network" Facebook in the Web2 era-for example, the tendency of decentralization defines itself as an Internet broadcasting system, and everyone can speak; For example, the original intention of opening up, greatly opening up various API interfaces, developers can call the data on the platform at will (Fred Wilson, one of Twitter investors, even thinks this is a problem); Compared with its background of emphasizing freedom and publicity.

It can be said that the above genes of Twitter almost perfectly coincide with the core requirement of the Web3 era-giving users the right to control their own data. Unfortunately, the word Web3 was not put forward by Gavin Wood (Gavin Woods), co-founder of Ethereum, until 2014.

Next, these genes that are unique to the times will influence the development direction of Twitter for many years to come, and also make it pay the price.

As time went on, Twitter began to attract enthusiastic investors. In early May 2008, the company’s valuation soared to 60 million dollars, and then it increased to 70 million dollars in the following days. Finally, when the news finally spread, the company’s worth had reached 80 million.

At the same time, chaos also spread within the company: after months of painful pulling and quarreling, Dorsey, who had been CEO of Twitter for less than seven months, was considered to have limited management ability, and was ousted by his former friend, major shareholder, co-founder Evan (holding 70% of the company’s shares) and investors. Evan personally served as CEO. Although Dorsey didn’t leave the company, he became an "invisible man" with no real power on the board of directors and a mascot who cooperated with the company’s good image in front of the media, although he didn’t want to cooperate with such a role.

Desperate and angry, Dorsey almost jumped to his arch-rival, Facebook, but finally he found what he really wanted: he co-founded Squirrel, a payment tool, with his old friend Jim Mckelvey, and later renamed it Square. At the same time, he also has a sideline-waiting for the opportunity to take revenge on Evan and the board of directors.

The line of sight goes back to Evan, the new CEO of Twitter. On February 13th, 2009, Evan took over Twitter completely. Although the company still has less than 30 full-time employees (some freelancers), Twitter is still developing rapidly, with more and more celebrities joining, and the number of users has increased by 900% within one year. In addition to the operational pressure brought by a large number of users, Evan has to deal with round after round of takeover offers.

These include technology giant Google Microsoft, famous artists, billionaires, celebrities, and even presidential candidate Al Gore. Of course, the most important opponent is Zuckerberg, who runs Facebook. In June 2010, Zuckerberg met with Twitter CEO Evan and others at his home, and once again made an invitation to buy. Twitter still chose to refuse and made clear the difference:

"People log on to Facebook to browse other people’s personal homepages, which accounts for most of the traffic on the website. News supply and information flow are only used as a springboard to browse other people’s personal homepages.Twitter has exactly the opposite experience. Information flow and news account for 90% of the traffic on the website, while the personal homepage only accounts for 10%.

In Nick Billton’s book "Incubating Twitter: A Wild Journey from Wild to IPO", the difference between Twitter and Facebook is not only the difference between social platforms and information networks (showing their personal satisfaction VS information transparency and freedom), but also they have very different moral standards:

"When Evan founded Blogger ten years ago, he established a firm belief in providing blog services. At that time, the goal of Twitter was already established: to provide people with a microphone and let them speak their minds … In the past, when government officials knocked on the door of Twitter for various reasons and asked for user information, the managers of Twitter support team would refuse," Without a search warrant, I can’t. Such an attitude has become a firm belief of Twitter for many years. Like DNA, it makes it a different kind of company in Silicon Valley.

Twitter finally resisted the court’s order to extract Twitter released by protesters in the Occupy Wall Street movement. Twitter also bravely faced the political persecution of WikiLeaks online supporters by the judicial department.

Completely different from Facebook, Twitter finally allows users to choose not to be tracked while using the service. Facebook, on the other hand, takes a completely different approach to free speech and tracking, which usually infringes on people’s privacy, and sometimes even deletes content that violates strict terms of service. Twitter is as open as a public swimming pool. 」

Contrary to the rapid expansion of every aspect of the company, the number of employees in the company is growing slowly, and the business income is still zero. Although he tried some methods, such as cutting costs and establishing close relationships with important partners, Evan still suffered the same treatment as Dorsey: the board of directors and early investors began to question whether Evan could lead Twitter to a new stage, and finally decided to oust him from the CEO position.

Nick Billton revealed in his book that Dorsey played a disgraceful role in this process, just as he thought he had been stabbed in the back by his friend, and he also betrayed his friend. It was he who actively contacted and lobbied important members of the board of directors, and finally got revenge by kicking Evan out of Twitter.

However, Dorsey did not immediately enjoy the sweetness brought by revenge, and it was still a long five years before he got his former CEO position again.

Let’s fast-forward to July 2015. When Dorsey took over as interim CEO from Dick Costolo, Twitter’s share price rose. People are expecting another story of Jobs returning to Apple to turn the tide, but at this time, the face of Twitter has changed a lot from five years ago.

In November 2013, Twitter was listed on the New York Stock Exchange and officially became a listed company. The management team’s control over the company was significantly weakened, and shareholders’ requirements for Twitter’s development speed and performance requirements were more urgent.

From 2010 to 2015, despite the stumbling, Twitter has changed from no revenue channel at all to creating revenue through advertising. To this end, the company continuously tightened the previous open API policy, banned third-party clients UberTwitter and Twidroyd in 2011, and banned the development interface of user data for third-party application developers in 2014, strictly restricting the tokens used for login. This incident upset Dorsey. At the end of 2021, he even tweeted that "this is the worst thing we have ever done", and argued that he was "not running the company at that time" and said that "the company has been trying to reopen it completely. 」

All the above behaviors have seriously damaged Twitter’s consistently open genes and public image, and at the same time, it has also attracted many criticisms, making Costello waver and limp on the balance beam of not annoying users and selling more advertisements. Not only are the growth of active users worrying, but the commercial income has never met the expectations of investors.

On the other hand, Facebook has no moral burden in extracting user data to expand the scale of advertising. In 2015, the scale of advertising realization exceeded $17 billion. At that time, a company had to do mobile advertising, and Twitter would only be considered after Facebook, Facebook Messenger, Instagram and Snapchat.

There are two problems in front of Dorsey. First, the activity brought by the worsening community environment is declining, and the platform is full of lies, violence, political manipulation and zombie accounts; The second is to give back to shareholders’ demand for making money and find a stable growth business income model. He also has a deep understanding of this: "We must carry out a very difficult restructuring of this company. 」

One of the key points of the reorganization is the healthy reform of the Twitter community and the rectification of extreme speech network violence. In the last quarter of 2017, Twitter cleared 58 million accounts within three months. By 2018, the number of accounts closed in May and June alone exceeded 70 million. Twitter under Dorset often plays the role of a platform to defend the bottom line of freedom of speech, but it always has two sides: when they act actively, users complain that Twitter is too much in charge; When he wants to give up, the government and the law have the responsibility to ask them to intervene.

Efforts to increase advertising revenue are still trapped in the past genes: limiting API to keep users and data in its own hands can maximize commercial benefits, but it will also damage the reputation established by Twitter; Adhering to the original intention of opening up has made the commercialization process far behind the expectations of shareholders. Even Dorsey, who entered the second palace, did not find the key to solve the contradiction at that time.

Twitter is still limping. Although its advertising revenue keeps growing at the same pace, its speed has been greatly improved by Facebook, and it also faces competition from many rivals such as Instagram, Snapchat and Pinterest. Dorsey was once again caught in the infighting of Twitter investors and almost relived the nightmare that was driven away more than ten years ago.

After the storm, although Dorsey was able to stay in office, it was even more difficult to fully control Twitter.

Mike Masnick’s famous article "Protocol, Not Platform: On the Technical Methods to Realize Freedom of Speech" published on August 21st, 2019 triggered a great discussion in the American scientific and intellectual circles, and it seems that Dorsey found a new way to solve the problem-the solution of the ——Web 3 version, and returned the censorship right to the users. He not only forwarded it the first time, but also announced a few months later that he would invest to set up a related independent team.

Dorsey also mentioned in the tweet that Twitter was like a set of protocols in the early years, but later it took another road, gradually became centralized and developed into a platform.

Soon after, Dorsey set up a team called "Bluesky" within Twitter to study the technical standards of social media decentralization. Try to build an open source and decentralized community platform, and gradually try to implement decentralization on a highly centralized community platform. The leader of the Blue Sky team is the successor (resigned) after Dorsey left Twitter.

But business problems remain to be solved:The agreement does not make money, how to maintain the company’s income? We don’t know what Dorsey really thinks, but in reality, cryptocurrency with decentralized agreement has become a possible path.So you can see that in his last few years as CEO, Dorsey almost aggressively launched a series of measures to benefit Web3 and cryptocurrency on Twitter:

He launched Twitter Space, allowing a large number of Web3 practitioners to communicate online in this space; He was also the first to launch an NFT product released by the Internet giant, so that Twitter users’ avatars can be displayed as NFT and certified; It also supports all people in the encryption circle to have a Twitter account, and every encryption project will register an account on Twitter and post a link in it. ……

Dorsey himself has become one of the most important advocates of Bitcoin. He not only praised Bitcoin as the future of cryptocurrency many times in public, but also actively promoted the integration of lightning network, set up a Bitcoin DeFi developer platform, built a Bitcoin cold wallet and built a legal currency version of Bitcoin decentralized exchange, which showed Dorsey’s yearning for a decentralized world.

Suji Yan, founder of Mask Network, is a senior entrepreneur in the field of Web3 and cryptocurrency, and one of the few early members of Bluesky.According to his close observation, Dorsey was under unprecedented internal pressure, and almost predicted that his time as CEO was running out, so that he did not hesitate to "do something big" before leaving his job. 」

In the last period of Twitter, Dorsey simply used Twitter to do a series of decentralization experiments. After he left Twitter last year, as the helm of the US version of Alipay "Square", he directly changed his name to "Block" and made it fully Web3-based. Recently, he sent a message to "repent" that Twitter violated its original intention and led to the centralization of the Internet, and he felt guilty. Until the acquisition of Twitter by Musk, Dorsey was one of the most active people, and even called him the "only trust solution" to solve the Twitter problem.

Although Musk has not mentioned how to transform Twitter, it can be seen from his previous remarks that he is interested in adding cryptocurrency payment to Twitter and binding cryptocurrency with Twitter’s advertising business. Sam Bankman-fried, CEO of FTX, a cryptocurrency exchange, gave Musk some suggestions on "Web 3 transformation" on Twitter, including chain encryption of tweets, monetization of tweets and charging for each tweet, and advertising on the user interface. Brian Armstrong, CEO of Coinbase, another exchange, thinks that Twitter is expected to become a distributed protocol over time-this is consistent with Dorsey’s original idea of Twitter, and there are rumors that Dorsey will return.

The past of Twitter decentralization has come to an end here, and the next road to Web3 will be completed under the strong influence of Musk. Whether he is an angel or a devil, a brand-new Twitter will appear soon. I hope it can fly in the sky like a free North American mountain bluebird, like its Logo that has been used since 2012, instead of being kept in an iron cage by oligarchs.

Nick Billton, Incubating Twitter: A Wild Journey from Wild to IPO.

This article comes from WeChat official account Geek Park (ID: geekpark) on WeChat. Author: Matt, editor: Jingyu, published by 36Kr with authorization.

On April 17th, CCTV Finance "Economic Half-hour" reported "Three-dimensional Group in Hongdong County, Shanxi Province illegally dumped industrial waste residue to pollute farmland, and the production wastewater was discharged directly into Fenhe River, and CCTV reporters were detained unannounced". In this regard, the Ministry of Ecology and Environment stated in the announcement issued on April 18th that measures have been taken:

First, the joint supervision of the Shanxi Provincial People’s Government requires the Linfen Municipal People’s Government to strictly investigate the illegal sewage discharge behavior of enterprises, the performance of government and regulatory authorities and other issues in accordance with the law, and make them public in a timely manner.

Second, it will jointly punish the listed companies of Sanwei Group with the CSRC. Our department has informed the CSRC of the environmental violation information of Sanwei Group for the first time, and conducted joint investigation and punishment according to the memorandum of cooperation on joint punishment of environmental violations of listed companies.

The announcement also stated that Shanxi Province also attached great importance to this and responded at the first time. The Environmental Protection Department of Shanxi Province set up the "4.17 Report on the Environmental Problems of Shanxi Sanwei Group" and rushed to the scene on the night of the report to supervise, organize forces to conduct on-the-spot investigation on the contaminated site, monitor the waste water and industrial waste residue, and administratively detain two village cadres according to law. At present, various investigations are under way.

Then, why can such a big polluter pollute the environment for a long time and unscrupulously? What is the real problem behind it? Who is acting as their "black protection"?

Cctv review

Shanxi Sanwei Group has been illegally dumping industrial waste residue, polluting a lot of farmland and discharging industrial wastewater directly into Fenhe River, which has brought serious threats to the lives of people in villages along the way. The news media even used "evil deeds" to describe this shocking incident of stealing platoon.

Here, we must ask a few more why!

Do the three-dimensional group leaders, especially the group leaders, know what they are doing?

Sanwei Group is an enterprise that produces hundreds of chemical products such as polyvinyl alcohol, adhesive, benzene and coke. As a listed company with 4.5 billion assets, do you know how to treat the wastewater, carbide slag and fly ash produced by the enterprise?

Calcium carbide slag and fly ash need to be stored in a special yard and managed strictly, and industrial wastewater must be treated in compliance before it can be discharged. However, the three-dimensional group has been dumping industrial waste into the pit without impervious layer for a long time, and the wastewater is also directly discharged into Fenhe River, the mother river of Shanxi Province. Business leaders don’t know whether it is dereliction of duty or dereliction of duty? It is even more terrible if you know it, whether it is directly directed or not.

Why do local governments and environmental protection departments turn a blind eye to sewage discharge?

The media has long noticed that the three-dimensional group has seriously polluted the environment by illegally discharging pollutants.

As early as 2014, China Youth Network reported the fact that "Shanxi Three-dimensional Pollution has been confirmed by the Environmental Protection Bureau for nearly 40 years";

In 2016, national business daily also exposed the news that "Shanxi Sanweicheng environmental protection boss was investigated every year";

In 2017, a survey by China Legal Reporting Network found that Shanxi illegally dumped industrial waste residue to pollute farmland;

In 2017, the Ministry of Environmental Protection sent eight inspectors to inspect 13 cities, and Sanwei Group was one of the inspected objects.

With such intensive media attention and under the supervision of the Inspector Group of the Ministry of Environmental Protection, how did the local government and environmental protection departments respond and solve the problem? Don’t you turn a blind eye to the media reports and the inspectors of the competent departments? Why do local government departments turn a blind eye to sewage discharge?

Why are village cadres at the grassroots level willing to guard the door for polluting enterprises?

In the interview, the reporter found that the people around him had long complained, but they dared not speak out. The villagers said, there is no need to reflect, which one of the cadres in the village doesn’t know? The real situation is that in the face of the lawless and unscrupulous environmental pollution behavior of enterprises, local village cadres have acted as thugs for polluting enterprises to guard their homes. Villagers and journalists have said a few words and are worried that they will be retaliated.

It can be said that this scene in Hongtong County has reached the point of absurdity. Listed companies are lawless in discharging pollutants, village cadres pay money to guard the hospital, and the Environmental Protection Bureau ignores corporate pollution. Reports from local villagers range from verbal warnings to suffering from skin and flesh. When they talk to reporters, they must worry about retaliation. After repeated media exposure, environmental protection special inspectors, pollution has become increasingly serious. There are too many reasons to answer and too many questions to explain.

Polluting enterprises should be investigated and punished, and the umbrella behind them should be destroyed. At present, the Ministry of Ecology and Environment has cooperated with the Shanxi provincial government to supervise the environmental violations of the three-dimensional group, and the local joint investigation team has also been formed. We will be interesting to see who makes the people dare to speak out, who makes the central government’s policies unable to be implemented here, and who makes the national laws unable to be enforced here.

(The original title is "CCTV Review | Three Questions: Who is the" black protection "around big polluters? 》）

　　Xinhua News Agency, Chongqing, January 28th: The driver of the China-Europe train gantry crane caught a 30-ton "doll" in 1.8 minutes.

　　Xinhua News Agency reporter Chen Qingbing

　　Zheng Yushuang, 32, is clutching two black control handles with his hands, his back slightly bent, his head and eyes facing downwards, just like an eagle preparing to dive, looking for a suitable point and opportunity. Dozens of seconds later, as he pressed a button forcefully, a huge yellow "paw" slowly fell from the sky. Finally, when the "paw" successfully caught the target in the center of his pupil, he completely relaxed.

　　On January 26th, Zheng Yushuang operated the gantry crane to lift the container in the driver’s cab. Xinhua News Agency reporter Tang Yushe

　　This scene that can’t be distracted for a second will be staged hundreds of times a day in Zheng Yushuang’s work. As a gantry crane driver at China Railway Lianji Chongqing Central Station, Zheng Yushuang described his work as a hardcore version of "catching dolls". However, his goal is not a plush toy, but a container weighing 30 tons.

　　In addition, Zheng Yushuang’s "game room" is only 2 square meters, 16 meters from the ground. He needs to climb six revolving steps to get there. Because the environment around the station is open and uncovered, he sometimes needs to go up against the wind and rain.

　　On January 26th, Zheng Yu climbed the cab of a 16-meter-high gantry crane in both directions. Xinhua News Agency reporter Tang Yushe

　　Although the work is quite challenging, Zheng Yushuang has been the "best player" of this "game" since he first came to work here in 2010. Tuanjie Village Station, where he works, is the starting station of the China-Europe train in Chongqing. Every day, a large number of goods gather here, waiting to be sent to all parts of Europe.

　　Zheng Yushuang works 8 hours a day and can load and unload more than 2,000 containers in a month. It takes about 2 to 3 minutes for others to load and unload a container, while Zheng Yushuang only takes about 1.8 minutes.

　　On January 26th, Zheng Yushuang was on the gantry crane. Xinhua News Agency reporter Tang Yushe

　　"I attended a six-month training course in Dalian before I officially operated the gantry crane. In recent years, with the increase of containers in China and Europe, my technology is also improving. " Zheng Yushuang said that when he first started this job, he often felt bored sitting in this small room because there were not many goods to load and unload at that time. But later, his daily workload increased from 60 containers to 250, and at most 350 containers were loaded and unloaded in one night.

　　In addition to the increase in quantity, Zheng Yushuang also witnessed the changes in the category of goods. At first, the only goods exported from here were printers, laptops and other electronic products. Now toys, clothes, milk powder and other commodities are common. After the COVID-19 outbreak, containers containing medical supplies such as masks and gloves were also shipped to European countries.

　　In 2021, as the first inter-provincial and inter-city cooperation brand of China-Europe Train, China-Europe Train (Chengdu-Chongqing) had a total of over 4,800 converted trains, accounting for about 30% of the national total. The container capacity of CEIBS (Chengdu-Chongqing) exceeds 400,000 TEUs, of which the return journey accounts for more than 50%, and the route has reached hundreds of cities in Europe.

　　Zheng Yushuang was very proud to see the report card of the China-Europe class. "Thinking that these goods will be shipped to Europe, I feel that this job is very meaningful and I feel very fulfilled. During the Spring Festival holiday, I also chose to stick to my job and contribute my meager strength to the smooth operation of the China-Europe train. " Zheng Yushuang said.

South Georgia i.Located in the southern part of the Atlantic Ocean, the environment is unique, isolated, steep and steep, with endless alpine snow peaks, spectacular glaciers and rough and primitive canyon waterfalls, and it is famous for its wild animals’ paradise. However, since it was first discovered in 1675, in less than 100 years, the elephant seals and fur seals on the island have been hunted to death and have since become "bloody".Whaling station. Whaling paradise in the South Atlantic. With the disappearance of the bloody massacre on the island, the number of wild animals on the island has rebounded, and now hundreds of thousands of southern elephant seals gather here every spring to complete their mission.

Because of their huge size and rich fat, elephant seals are hunted in large numbers to extract oil. According to statistics, London alone has been used for one year.20,000 tonsLike seal oil. At the end of the 19th century, many scientists thought that this giant elephant seal (the northern elephant seal) was extinct. Fortunately, in 1910, a small group of lucky people were discovered. The current population is the survivors of that year. Descendants

South Georgia, big guy, the world’s largest pteropod!

Elephant seal (scientific name: Miroungaleonina, English name: seaelephant) belongs to Pinpoda, Marine family, Monk seal subfamily, Elephant seal genus. According to the different distribution areas, elephant seals are divided intoSouth China Sea Elephant () and northern elephant seals. South Elephant Seal and South Elephant Seal mainly inhabit South Georgia Island, Kerguelen Islands, macquarie island and surrounding areas. Due to different geographical locations, it is divided into South Atlantic subgroup, Indian Ocean subgroup and sub-Antarctic Pacific subgroup. The distribution of northern elephant seals is limited to the west coast of North America, the United States and the western coastal areas of Mexico.

Among them, the southern elephant seal is the largest pteropod and the largest land carnivore.CarnivoraMedium. It looks like a "meat mountain" from a distance. At the same time, the southern elephant seal also created the biggest weight difference between male and female mammals. The average weight of males is about 2.2-4 tons.The average body length is 4.5-5.8m.. The heaviest elephant seal recorded in Guinness World Records weighs 5 tons and its body length can reach 6.85 meters. The female weighs only400-800 kg, with a body length of no more than 3 meters.. Compared with northern elephant seals, their gender is similar, but not so extreme. The average weight of male northern elephant seals is about 2 tons, and that of females is about 700-800 kilograms. To tell the truth, seeing the male southern elephant seal pressing on the female southern elephant seal really worried the latter …

Tips: Because the English name of the elephant seal "seaelephant" is translated into "walrus", many careless students directly translate it into walrus (the English name of Walrus is’ Walrus’). Although walrus and elephant seal are both "sea", they belong to different species families. Adult walrus females and males have two long "tusks".

Because of its huge size, there are no polar bears on land.South elephant seals basically "walk sideways" on the Antarctic continent. Killer whales only threaten them when they are in the sea.. Although southern elephant seals often lie prone on the beach to rest, like a meat mountain, they are bloated and have great difficulty in moving (the speed is about 5-10 km/h), but as soon as they enter the water, their limbs are fin-shaped. According to scientific observation, southern elephant seals can dive to a depth of 400 to 1,000 meters (1,300 to 3,300 feet) at a time, and each dive lasts for 20-40 minutes. The deepest recording depth is2388 meters, refreshing the depth of mammals entering the sea.

With epic diving skills, what will the southern elephant seal do? Squid fishing. Because there is no echolocation, southern elephant seals usually use their keen eyesight and whiskers to perceive the situation in nearby waters and eat some fish, krill and crustaceans. However, after dissecting the dead specimens, scientists found that the favorite food of the southern elephant seal was squid.

Three thousand harem beauties? The number of the strongest harem beauties has reached 270!

South elephant seal pursues "polygamy"Is a typical mammal. Every year during the breeding season, groups of female southern elephant seals return to the coast to mate with the males who have won the battle.

Southern elephant seals spend most of their time at sea and only return to the shore during the breeding season or when they molt. At the beginning of the annual breeding season (December-January), groups of male southern elephant seals arrive at the beach first, and everyone "shows their muscles" for hegemony.. A beach usually only produces a "beach owner".But the status of beach owners may be challenged at any time.

The name elephant seal comes from its huge and prominent nose, which is similar in shape to an elephant, but only male elephant seals have it. Its main function is to make sounds. Male elephant seals have a strong sense of territory. If other male elephant seals invade its territory, it will not hesitate to send out’.Lion roar’The strange sounds made in some caves are like the warnings made by seals. Ideally, it is to achieve the effect of defeat without fighting.

If it really doesn’t work, we can only resort to force, which often ends in bloodshed. First, the two sides do difficult yoga moves (stand up) and hit each other with meat bombs, then you take a bite and I take a bite. After the comparison, the fatter one will watch. The fatter.The stronger the lethality, the stronger the endurance.. However, the male southern elephant seal is naturally prepared for this kind of battle, and the neck fat is particularly thick, which generally does not lead to death or serious injury. Therefore, anyone who has seen wild southern elephant seals must have seen their rudeness and irritability.

With the roar of the earth-shattering, the two sides were bitten black and blue, and the winner was gradually divided. The winning king can bring 40-50 females who landed on the beach in estrus into the harem., up to 270.Due to the lure of huge benefits, all male southern elephant seals are challenged and challenged throughout the breeding season. Among them, the "beach boss" is the busiest. In addition to completing the sowing task, he has to face the challenge from passers-by to drive away other male seals (the loser lingers on the edge of the beach, trying to mate with the female seal quickly before being driven away, and if he is lucky, he can pass your own genes). Because of too many things, the "beach owner" didn’t have time to feed at all, so in just one month, he could only scrape by on the huge fat reserves in his body.

Research data show that only 2-3% of male southern elephant seals are found every year.Have the opportunity to inherit genes. In a large-scale paternity test, scientists studied a population on the beaches of the Falkland Islands and found that 125 offspring were born within two years (the largest number of offspring recorded by men was 500), among which110 descendants belong to the same father. In addition, 72% of males have never had a single mating phenomenon, and even some individuals have never died of old age (single to death). It can be said that drought does not die, and floods do not die. It is precisely because of this struggle that the huge gap in resource allocation has led to the development of males in the direction of huge size.

When I was born, I weighed about 50 kilograms, which quadrupled in one month!

The pregnant period of female southern elephant seals is usually 9 months, but they can give birth after 12 months of pregnancy. The cub weighs about 50 kilograms at birth, but within one month, the cub’s weight can be quadrupled. The main reason is that the milk of female southern elephant seals contains a lot ofOil.

When the baby elephant seal is born, the milk secreted by the female elephant seal contains about 12% fat. Two weeks later, this number increased to more than 55%, giving the liquid a pudding-like consistency. In contrast, humans only account for 3.5%. So in just 30 days, the weight of the cubs rose steadily, while the weight of the female southern elephant seal decreased slowly, losing at least one third of its weight. Cubs are usually born on the beach during the breeding season, so cubs are often crushed to death by males.

Conclusion:

Historically, southern elephant seals have been hunted to extinction by humans. Later, because the number was too small, the cost of a trip to the South Pole was not worth mentioning. Since 1964, the number of southern elephant seals has been able to recuperate. Since then, their numbers have rebounded rapidly, and the southern elephant seal is considered to be the least concerned species. However, due to overfishing, marine pollution and climate change in Antarctic waters, the future of the southern elephant seal is in danger.

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