Every reporter Yi Wangqi Qijiang

Those fresh lives lost in campus loans have still failed to prevent cash loan platforms from extending their claws into the campus! Those grieving parents, tears are vaguely in front of them, but campus loans have revived.

According to a survey conducted by national business daily, platforms such as Flash Banking, Auction Loan and Loan are still quietly engaged in this business after the country banned campus loans. In the platform tested by reporters, the proportion of campus loans still exceeds 42%. Among them, the annual interest rate of the flash banking platform for granting usury to students is as high as 199.38%, and the platform also "invented" a variety of beheading interest. By borrowing from 1000 yuan, it is actually only 790 yuan!

In the one and a half years from May 2016, the former China Banking Regulatory Commission, the Ministry of Education and other ministries and commissions have continuously issued documents for campus loans, and the regulatory attitude is not strict. However, campus loans have been repeatedly banned, and even "innovated" more ways to collect high interest.

Summary of credit granting and down payment of test platform ↓ ↓

Cartography: Zou Li

Before the investigation, every reporter received many complaints, all of which reflected that some cash lending platforms issued usury to students. National business daily selected five college students from different places to participate in the test of seven cash loan platforms, namely Flash Bank, Auction Loan, Heyi Loan, 51 Personality Loan, 2345 Doudou Money and Small Win Card Loan. There are leading enterprises in the industry, listed companies and large and medium-sized platforms, and the test scope covers almost all levels of the cash loan industry.

After testing one by one, the reporter found that campus loans are making a comeback!　

Not only is Aiyoumi, a platform of key listed companies in Hangzhou, illegally engaged in campus loans (national business daily has previously reported), but also American listed companies and Flash Banking platforms that have been invested by China Merchants are secretly engaged in campus loans! In the platform of sampling test, the proportion of campus loans still being issued exceeds 42%.　

In fact, although this round of "restarted" campus loans has not yet exposed major vicious incidents, before the regulatory ban, campus loans can be said to be "notorious":

● March 2016

Zheng Dexing, a student of Henan College of Animal Husbandry Economics, has borrowed nearly 600,000 yuan from several campus financial platforms, unable to repay it. After the lender used various means to collect debts, he was so devastated that he jumped from the eighth floor of a hotel in Qingdao and died.

● April 2017

A sophomore girl from Xiamen Huaxia College committed suicide by burning charcoal in a hotel in Quanzhou because she was deeply involved in campus loans.

● September 2017

Zhu Yudi, a 21-year-old sophomore in Shaanxi, borrowed more than 200,000 yuan and committed suicide by jumping into the river when she was unable to repay it. Before losing contact, he also sent a small video of self-mutilation to his classmates, in which he cut three deep wounds in his left hand.

… …

Usury, naked strip, suicide … … It is precisely because of all kinds of negative news and even vicious incidents that campus loans continue to explode that the attitude of the regulatory authorities is constantly tightening.

● May 2016

The Ministry of Education and the former China Banking Regulatory Commission jointly issued the Notice on Strengthening the Risk Prevention and Education Guidance of Bad Campus peer-to-peer lending, and also focused on the "Bad Campus peer-to-peer lending", explicitly requiring colleges and universities to establish a daily monitoring mechanism and a real-time early warning mechanism for bad campus peer-to-peer lending. The former CBRC clearly put forward the five-word policy of "stop, move, rectify, teach and introduce" to rectify the campus loan problem.

● April 2017

The former CBRC issued "Guiding Opinions on Risk Prevention and Control in Banking Industry", demanding that the focus should be on cleaning up and rectifying campus online loans: peer-to-peer lending information intermediaries should not include borrowers who are unable to repay their loans in the marketing scope, prohibit providing online loan services to college students under the age of 18, do not conduct false fraudulent propaganda and sales, and should not issue usury in disguised form through various means.

● May 2017

The Ministry of Education, together with the former China Banking Regulatory Commission and the Ministry of Human Resources and Social Security, jointly issued the Notice on Further Strengthening the Standardized Management of Campus Loans. While encouraging commercial banks and policy banks to provide financial services for college students, it is required that all online lending institutions (not only the peer-to-peer lending information intermediary institutions targeted in the previous documents, that is, P2P online lending) be suspended to carry out online lending business for college students. At the same time, institutions established without the approval of the banking regulatory authorities are not allowed to enter the campus to provide credit services for college students.

● September 6, 2017

The Ministry of Education also held a press conference to clarify that "the campus loan business is banned, and no online lending institution is allowed to issue loans to college students."

● December 2017

The Notice on Standardizing and Rectifying the Cash Loan Business (No.141 Document) issued by the Office of the Leading Group for the Special Remediation of Internet Financial Risks and P2P Online Loan Risks blocked some platforms from engaging in campus loans in the name of "helping loans". On the one hand, Circular No.141 clarifies that P2P peer-to-peer lending information intermediaries and online microfinance companies are not allowed to issue campus loans, and at the same time, it requires banking financial institutions to cooperate with third-party institutions to carry out loan business, and they are not allowed to outsource core business such as credit review and risk control. The "loan assistance" business should return to its original source. Banking financial institutions should not accept credit enhancement services provided by third-party institutions with unsecured qualifications and disguised credit enhancement services such as bottom-up commitments. They should request and ensure that third-party cooperative institutions should not charge interest fees to borrowers.

● Xiao Shihai, an industry observer and co-founder of Xiaojinshe:

The first is that the previous campus lending institutions have formed path dependence, and they will not do anything else, but will only lend on campus;

Secondly, some cash loan products are packaged into regular consumption installment products, thus infiltrating into the campus market;

Third, for formal financial institutions, ordinary students are not very high-quality borrowers. Even if they can give loan support, their quota is limited. Then students who have more capital needs and even form lending habits can only reach out to campus loans. Supply and demand have always existed, but the supervision failed to identify and effectively punish the "disguised campus loan", so it is difficult to restrain the combination of supply and demand.

● Director of the Bank of China Law Research Association Xiao Sa:

From the borrower’s point of view, the whole society advocates early consumption, and the post-00 s and post-90 s formed the habit of borrowing and spending. Under the all-round bombing of shopping festivals such as "June 18" and "Double Eleven", the pickpocket party embarked on the road of borrowing. From the perspective of lending platform, it is nothing more than "interest-driven", because in the current environment, campus loan is a good profit growth point.

● Xue Hongyan, Assistant Dean of Suning Financial Research Institute:

The principle of supervision on campus loans is to open the front door and block the side door, encourage the layout of banking financial institutions, and prohibit small loan companies and unlicensed institutions from getting their hands on them. However, in practice, banks are not enthusiastic, leaving many blank spaces, leaving a lot of room for non-licensed institutions.

There are many reasons for the low enthusiasm of banks:

The first is interest rate restrictions. The profit model of campus loan is that high interest rate covers high risks. However, as a regular army, banks are highly expected by all parties, and it is impossible to raise interest rates, which makes it difficult for banks to make profits and lack commercial sustainability.

The second is business restrictions. The campus loan market is too scattered. First of all, the local banks that cannot operate across regions are excluded, while the national banks are all big, and the campus loan market space is limited, which makes it difficult to attract strategic attention.

The third is the competitive factor. With the help of payment tools, Internet giants have achieved a high degree of penetration into campus groups and firmly grasped this market. For banking institutions, campus loans are not undeveloped virgin land, and even if they are fully committed, they may not be able to achieve good results.

The fourth is reputation risk. Campus loan business space is limited, but public opinion is very sensitive, which easily leads to reputation risk and further weakens the enthusiasm of banks.

For small loan companies and non-licensed institutions, although college students have no source of income, they have a strong sense of credit and belong to relatively high-quality customers. Under the pressure of operation, these institutions are unwilling to give up this market. At the same time, in practice, identifying the borrower’s student status requires the lending institution to take the initiative. If the lending institution intentionally fails to act, it can also prevaricate supervision and public opinion supervision to a certain extent, so many institutions are still engaged in campus loan business with luck.

In order to seize more customers, banks have no control over the number of cards issued. At that time, many college students had at least two credit cards and nearly 10 credit cards. These fledgling students overdraw on different cards with unrestrained ideas, and the abuse of personal credit line also caused the credit card market of college students to become a mess.

● June 2009

The former China Banking Regulatory Commission issued the Notice on Further Regulating Credit Card Business, which clearly required banking financial institutions to issue credit cards to students in accordance with the principle of prudence. To issue credit cards to students, two requirements must be met: first, they must be at least 18 years old, and second, the repayment source agreed in writing to assume the corresponding repayment responsibilities. In fact, college students’ credit cards were officially suspended.

● Beginning in 2014

With the entrepreneurial tide of Internet companies, represented by Fun Staging (Fun Shop Group), Music Staging (Lexin Group) and Love Learning Loan (Love Finance Group), hundreds of student staging institutions have flooded into the market. Staging companies have intervened in the campus credit market with 3C products (computers, communications and consumer electronic products) as a bridge, continuing the early banking practices, such as recruiting campus agents, zero fees and small gifts. Soon after, many vicious incidents broke out, such as student suicide with huge debts and naked college students.

● August 24, 2016

The former CBRC clearly put forward the five-word policy of "stop, move, rectify, teach and introduce" to rectify the campus loan problem. Under pressure, many companies involved in campus staging business seek transformation or withdrawal.

● 2018

With the development of bank’s consumer loan business, retail finance business, consumer finance companies and loan-assisting market, the campus market has once again become the battlefield of institutional competition. Lending agencies return to the campus loan market in the name of helping banks and other financial institutions to issue consumer loans.

Xiao Ming, a test student, said that Flash Silver held high the "beheading knife" and did not let go of the students.

According to Xiao Ming’s feedback, he borrowed money from 1000 yuan in Flash Bank, but actually only got 790 yuan, which he thought was beheaded by 210 yuan.

What is the composition of 210 yuan’s beheading interest mentioned by Xiao Ming?

Part of it is 160 yuan’s pledge certificate for newcomers — — After Xiao Ming’s loan was successful, his bill in Flash Bank was shown as two: one was the 160 yuan newcomer guarantee voucher that needed to be repaid within three days; In addition, it is the real bill for his loan.

Image source: Photo courtesy of test students

The other part is 50 yuan’s automatic deduction — — About 1 minute after the loan from 1000 yuan arrived, Xiaoming was automatically deducted from the bank account of Flash Bank.

The collection accounts of the two payments are Beijing Flash Silver Singular Technology Co., Ltd..

Image source: Photo courtesy of test students

Xiao Ming, a test student, borrows money from 1000 yuan and repays it in three installments. The first installment needs to repay 379.65 yuan, the second installment needs to repay 340.02 yuan, and the third installment also needs to repay 340.02 yuan, totaling 1059.69 yuan. It seems that the interest is not high. But after getting rid of 210 yuan’s beheading interest, he actually only got cash 790 yuan. According to IRR formula, Xiaoming’s borrowing interest rate in Flash Bank is actually 199.38% per annum!

Xiaoming’s bank flow shows that the loan funds come from the account of Jinyuntong Network Payment Co., Ltd.

Image source: Photo courtesy of test students

National business daily sent an interview question to Flash Bank on campus loan. Flash Bank said that since April 2019, Flash Bank has made specific provisions on its products and services: users under the age of 22 are prohibited from completing loans through the Flash Bank platform.

Since it has been banned, why can test students still successfully borrow money? Flash silver can’t give a reasonable explanation, and Flash silver asks to see the detailed information of the students. Obviously, for the protection of the students involved, the reporter can’t provide the detailed information of the students to Flash Bank, and the loan credentials of the test students are kept safe for the relevant regulatory agencies to call.

Regarding the question of allegedly charging beheading interest in disguise, Flash Silver replied as follows:

After the user completes the loan service on the flash banking platform, the fees other than the loan principal and interest and value-added services are related service fees provided by the third-party platform, which is not mandatory. Among them, the guarantee voucher is a kind of virtual voucher issued to users by the third-party guarantee platform (users choose to check it voluntarily, which is not required for borrowing), aiming to help users enjoy the financial services provided by financial institutions more conveniently and quickly. Value-added service fees are fees charged on the basis that users enjoy the corresponding additional services, which are voluntary for users and are not required to borrow money. In addition, when confirming the loan, the user must manually check and confirm the agreement with the above corresponding service agreement, otherwise the loan recommendation service will not be provided, and Flash Bank will record the user’s operation track and time.

Regarding the annualized interest rate as high as 199.38%, Flash Bank argued that:

The user’s loan application is recommended by the flash banking platform to the relevant funders, and after passing the risk control audit of the latter, they can enjoy the loan service provided by the latter, and the latter will collect interest. The specific interest rate is not more than 36% per annum according to the law, depending on the credit status of users. As a third-party technical support platform, Flash Bank charges technical service fees based on technical cooperation with relevant funders.

Is the fact really as argued by Flash Silver?

Regarding the so-called voluntary check of Flash Bank, according to the video of the loan process provided by Xiaoqiang (a test student), when Flash Bank applied for a loan, the purchase of a guarantee certificate was the default check, and there was a small prompt below: Buying a guarantee certificate would help to increase credit.

Image source: Photo courtesy of test students

Every time a reporter inquires about the industrial and commercial information, it is found that the business scope of Beijing Flash Silver Singular Technology Co., Ltd., the recipient of the guarantee certificate, does not provide guarantee for personal loans. The reporter interviewed Flash Silver again on "whether Flash Silver Company is suspected of illegal operation and whether it is forced to tie-in the guarantee certificate to users", and the reply it gave still repeated the previous content, actually avoiding this question. Moreover, this is not collected by the third party of Flash Bank’s reply, and it is Flash Bank’s own affiliated company that collects the guarantee voucher fee.

Image source: Photo courtesy of test students

According to official website Information of Flash Silver, Beijing Flash Silver Singular Technology Co., Ltd. was established in April 2014. According to public information, as of April 2017, Flash Bank has more than 80 million users, and has successively received a series investment of 6.6 million US dollars from IDG, a series investment of 20 million US dollars from SIG, and a series investment of 80 million US dollars from China Merchants, SIG and Guangyuan Capital, with a total financing amount of over 100 million US dollars.

● Li Lingpeng, lawyer of Sichuan Road Signs Law Firm: The E-commerce Law prohibits tying by default.

No matter how Flash Bank explains it, as long as students get loans from its platform, it has violated the campus loan ban. In addition, although Flash Bank claims that the annualized interest rate does not exceed 36%, the actual interest rate shows that it is engaged in usury and beheading in violation of laws and regulations.

Article 19 of the E-commerce Law of the People’s Republic of China stipulates that tying goods or services by e-commerce operators shall draw consumers’ attention in a conspicuous way, and tying goods or services shall not be taken as an option of default consent.

Accordingly, the consequences of Flash Bank’s default check of the guarantee certificate should be borne by Flash Bank platform. Due to the consequences of this default check, the platform still constitutes the fact of charging the interest of deformation beheading.

In terms of interest rate, according to the Supreme People’s Court’s regulations on several issues concerning the application of law in the trial of private lending cases, the interest rate protected by law in China is actually divided into two grades. One is the annual interest rate of 24%, and the lender in this grade can ask the borrower to repay the interest at the interest rate of 24%; There is also a file with an annual interest rate of 36%. In this file, the lender cannot ask the borrower to repay the interest at the interest rate of 36%, but if the borrower has already repaid the interest at the interest rate of 36% or even over 36%, it does not need to be returned within the range of 36%, and the part exceeding 36% needs to be returned. The real interest rate of Flash Bank loan is as high as 199.38% per annum, which is illegal.

Article 200 of the Contract Law clearly stipulates: "The interest on the loan shall not be deducted from the principal in advance. If the interest is deducted from the principal in advance, the loan shall be returned according to the actual loan amount and the interest shall be calculated. " As for all kinds of breakthroughs or disguised breakthroughs in the legal interest rate red line with interest, liquidated damages, service fees, intermediary fees, margin and extension fees, the Supreme Law also clearly stipulates that it should not be supported according to law. By default, 160 yuan Newcomer Guarantee Certificate is checked by Flash Bank, which is actually a variant of beheading interest.

In addition, the Supreme People’s Court also stipulated in the Notice on Properly Handling Private Lending Disputes in accordance with the Law to Promote Economic Development and Maintain Social Stability that "if the lender deducts interest from the principal in advance, it shall return the loan according to the actual loan amount and calculate the interest." This judicial interpretation clarifies how to solve the problem of deducting interest from principal. Xiaoming borrowed money from 1000 yuan and got 790 yuan. Then, Xiaoming should only repay the loan according to 790 yuan, and the interest within the legal scope can only be calculated according to 790 yuan’s principal.

The auction and loan platform invested by Sequoia Capital still allows students to obtain loans regardless of the national campus loan ban.

According to feedback from Xiaoqiang, a test student, he got a credit line of 13,000 yuan in the auction loan, and he cashed out 1000 yuan.

Although the auction will specifically remind "not to provide loan services for students at school", in fact, Xiaoqiang, as a student, obtained a loan from the platform.

According to Xiaoqiang, when applying for a loan, a reminder will pop up: Pat Loan does not provide loan service for students at school. If you are a student at school, please stop borrowing. Then there are two buttons, one is the gray button to stop borrowing and the other is the light blue button to continue borrowing. Shortly after he clicked Continue to borrow, the bank card bound to Paipaidai received a 1000 yuan from Shanghai Paipaidai Financial Information Service Co., Ltd.

Image source: Photo courtesy of test students

According to the loan contract, Xiaoqiang, a test student, borrowed money from 10 lenders in 1000 yuan, with the most one being 416 yuan and the least one being 25 yuan.

Xiaoqiang’s loan is repaid in 12 installments, each installment is one month, and the monthly repayment is 88.38 yuan (including interest, the loan interest rate is 11% per year). At the same time, according to the contract, Xiaoqiang also needs to pay a listing fee of 6.66 yuan/month for the auction loan, totaling 79.92 yuan in 12 issues; And pay a monthly risk guarantee fee of 10.17 yuan, totaling 122.04 yuan in 12 periods. Together with these two expenses, Xiaoqiang actually needs to pay 105.21 yuan a month.

1000 yuan, the principal of the loan, repays 105.21 yuan in each installment. According to the IRR formula, Xiaoqiang’s actual interest rate on the loan is 45.39% per annum, which is higher than the legal interest rate of 24%.

Every time a reporter interviewed on the issue of issuing campus loans, he patted the loan and replied:

Since 2016, all student loan services have been cancelled. At present, the only student authentication system in China is not open to any internet financial platform, so it is impossible to accurately identify students’ identity directly through official channels (Xuexin.com, etc.). At present, the second identity confirmation is carried out through various third-party channels, including but not limited to the location information authorized by users and the common IP addresses when users log in to pat loans. At the same time, if you pat the loan, you will ask the user to refund the principal after learning that the borrower is a student, and immediately terminate the loan.

"Magic Mirror", a big data risk control system independently developed by Paipai Loan, will conduct differentiated risk pricing through the information that users can obtain on the Internet and the new news that they are authorized to obtain. In the case of strictly observing the relevant provisions of the state on borrowing interest rates, the borrowing costs incurred by different users, different borrowing amounts and different borrowing periods will also be different.

Is the fact really as described in the auction loan?

During the loan process, Xiaoqiang, a test student, truthfully filled in the address information of a specific school, and the contact person was also reserved for classmates, and still got the loan.

It is no problem to give different loan interest rates according to the lender’s credit status, but it also avoids the problem of usury: the actual loan interest rate is 45.39% per annum, which is higher than the legal interest rate of 24%.

Paipai Loan is a well-known leading enterprise in the industry. According to Paipai Loan official website, Paipai Loan (US stock code: PPDF) was established in June 2007. In October 2012, Paipai Loan was awarded Series A financing and invested by sequoia capital china. In April 2014, the second round of financing was completed by auctioning loans, and the investment institutions were Lightspeed China Venture Capital Fund, Sequoia China and noah wealth; In April, 2015, Paipai Loan completed the C round of financing, which was jointly led by Legend Holdings’ Junlian Capital and Heiner Asia, followed by VMS Legend Investment Fund I, Sequoia China and Lightspeed China Venture Capital Fund.

On November 10th, 2017, Paipai Loan was successfully listed on the new york Stock Exchange, and the latest market value on August 5th, 2019 was USD 1.14 billion.

By the end of September 2018, there were more than 83 million registered users.

● Li Lingpeng, lawyer of Sichuan Landmark Law Firm: Lenders cannot be allowed to audit themselves.

The annualized interest rate of 45.39% of the auction loan exceeds the legal upper limit. In the actual implementation process, if the borrower can’t repay the loan on time, the lawsuit can only be based on the annual interest rate of 24%.

In addition, although the loan was prompted on the application page, it actually failed to fulfill the audit obligation, which led to the loan being given to the students at school, which still violated the regulations prohibiting campus loans. Because the campus loan ban is aimed at the platform, then the platform has the obligation to review. The responsibility for failing to identify students lies with the platform, and lenders cannot be allowed to audit themselves. The reminder of "If you are a student at school, please stop borrowing" is tantamount to letting the lender audit himself.

In the process of borrowing from the loan platform, the test student Xiao Wang was still confused and was insured at a sky-high price, and the loan interest rate was as high as 71.56% per year!

Xiao Wang originally applied for a loan from 1000 yuan, but after the loan, it was found to be 1093 yuan, and 93 yuan’s principal needed to be repaid. The extra 93 yuan was an accident insurance product insured by Yi ‘an Insurance.

Not only are the products of Yi ‘an Insurance quietly tied up by the loan, but the premium is 100 times higher than that of similar products of Yi ‘an official website: 1000 yuan insured the accident insurance for 6 months, and the premium is as high as 93 yuan; However, the premium of similar products with a coverage of 100,000 yuan in official website and a one-year guarantee is only in 80 yuan.

How on earth was the borrower insured without knowing it before the insurance? This insurance process is extremely hidden, and no clear insurance tips are given throughout. When borrowing money, the borrower needs to click the "Borrower Protection Plan" at the bottom of the page to cancel the insurance. However, this borrower protection plan does not directly show that it is to buy insurance products, which is difficult for ordinary people to find, so it is tied to insurance in a muddle.

Image source: Photo courtesy of test students

The loan actually obtained by Xiao Wang, a test student, was 1000 yuan, which was repaid in six installments, each of which required repayment of 203.13 yuan, with a total repayment of 1,218.78 yuan. Using IRR formula, the annualized interest rate is as high as 71.56%, which is obviously higher than the legal interest rate.

National business daily interviewed the student about the loan, interest rate and sky-high insurance.

The reply to the question of allowing students to get loans is as follows:

The platform does not carry out campus loan business, and the platform strictly identifies users through technical means and manual audit, but it cannot be ruled out that users conceal their true student identity, and obtain credit by providing false information and falsifying application materials to avoid platform audit.

As for the annualized interest rate as high as 71.56%:

And the loan denied it, saying that the platform designed all the products and service models of the platform according to the limit of 36%/ year.

Regarding the issue of tying insurance, the loan explained that:

The platform and the insurance company are diversion cooperation. In order to improve the borrower’s ability to resist risks, the borrower’s accidental injury insurance is set up, and the user voluntarily purchases the insurance. The premium is priced according to the borrower’s qualification and the insurance company’s algorithm, and the insurance fee is directly charged by the insurance company, and there is no disguised beheading.

Then, according to the explanation of the loan, does it mean that it is a compliance platform?

In theory, it is impossible to exclude users from concealing their true student identity. Is this really the case? According to the video provided by the test students, the reporter also carried out the verification of Xuexin.com when registering, and the result showed that the student status information could not be found, probably because he did not graduate. Therefore, the excuse of the loan is simply untenable.

Image source: Photo courtesy of test students

In addition, according to the legal analysis of the above lawyers, the obligation to identify whether the applicant is a student lies in the platform. If the platform finally provides a loan to the lender who is a student, it is that the platform has not fulfilled its audit obligation.

However, the interest rate problem and the loan evaded the above-mentioned problem of the actual interest rate of 71.56% for student loans, and only denied usury, but did not point out that the calculation of the interest rate of 71.56% was wrong. The student’s entire loan process has video evidence, which can clearly calculate the annualized interest rate of the loan.

Regarding the tying of sky-high insurance, lawyers believe that the act of lending is suspected of violating the law, which violates the Electronic Commerce Law of the People’s Republic of China, the Insurance Law and other laws.

● Li Lingpeng, lawyer of Sichuan Landmark Law Firm:

First of all, tying insurance services in loan services is not prohibited by law, but the premise is that consumers must be clearly informed and agreed. However, the loan not only helps consumers to check the insurance services by default, but also directly infringes on consumers’ right to choose, which violates Article 19 of the Electronic Commerce Law of the People’s Republic of China, which stipulates that tying goods or services should not be used as the default consent option.

Secondly, according to Article 131 of the Insurance Law, insurance agents, insurance brokers and their employees shall not conceal important information related to insurance contracts in handling insurance business activities. In other words, when selling products, third-party platforms need to indicate the specific underwriting subject and sales subject, as well as the product record number and product terms link.

Third, the annualized interest rate of the loan is as high as 71.56%, which is obviously higher than the provisions of the Supreme Law on the interest rate of private lending.

In addition, judging from the public cases in recent years, courts at all levels generally do not support the "beheading interest" in private lending. On May 11th, 2017, Beijing Chaoyang District People’s Court held a press conference and issued a judicial proposal to the China Banking Regulatory Commission, suggesting that the CBRC issue detailed rules prohibiting the direct deduction of intermediary fees from the loan principal.

In view of the distorted "beheading interest", in the Notice on Standardizing and Rectifying the Cash Loan Business issued on December 1, 2017, it was clearly pointed out that the comprehensive capital cost charged by various institutions to borrowers in the form of interest rates and various fees should comply with the provisions of the Supreme People’s Court on the interest rate of private lending, and it is forbidden to issue or match loans that violate the relevant interest rate provisions of the law. The comprehensive capital cost charged by various institutions to borrowers should be converted into annualized form, and information such as loan conditions and overdue treatment should be fully and publicly disclosed in advance to remind borrowers of relevant risks.

On December 8, 2017, it was also mentioned in the Implementation Plan for Special Remediation of Network Microfinance Business Risks of Microfinance Companies issued by the Office of P2P peer-to-peer lending Leading Group for Special Remediation of Risks that the ratio of all borrowing costs and loan principal charged to borrowers in the form of interest rates and various fees should be calculated as a comprehensive real interest rate and converted into an annualized form. Check whether the comprehensive real interest rate meets the provisions of the Supreme People’s Court on private lending interest rates. Whether there are behaviors such as deducting interest, handling fee, management fee and deposit from the loan principal in advance or setting high overdue interest, late payment fee and penalty interest. Whether key information such as comprehensive real interest rate, loan amount, loan term, repayment method and overdue treatment are fully and fully disclosed to the borrower in advance and relevant risks are prompted.

According to the feedback from the test student Xiao Zhang, he got a credit line of 6,000 yuan in the 51-character APP. Behind the platform are well-known enterprises and funds such as CITIC Bank, JD.COM, Xiaomi, Yintai, the new lake treasure and Harvest Investment.

Taking a loan of 3,000 yuan and a loan of 6 months as an example, the 51-character APP shows that the total repayment amount is 3,522.6 yuan, the first phase needs to be repaid by 749.6 yuan (including the audit fee of 195 yuan), and the last five phases (one month each) need to be repaid by 554.6 yuan. According to the calculation formula of IRR, if Xiaoming succeeds in borrowing money from 51 people, the real interest rate is 60.09% per annum.

However, after Xiao Zhang submitted the loan application, the review failed. At the bottom of the notice of loan refusal, there is a 1-minute entrance to inquire about the reasons for loan refusal. You need to pay a fee to inquire about the reasons for loan refusal. Every time a reporter noticed, at the bottom of the page where the loan application was submitted successfully, it showed that you can also buy a time-saving service, and you can enjoy the service of up to 10 times compensation for overtime.

51 Character related staff told every reporter that the pre-credit line is not the same as the actual loan line, and the actual loan line will be determined according to the user’s review and evaluation of the platform’s risk control system; 51 personality risk control audit refuses the student group at school, so the platform will refuse its loan application.

51 character is a product of 51 credit card. According to official website, 51 Credit Card was listed on the main board of Hongkong in 2018. In May 2012, 51 Credit Card launched an app that can intelligently manage credit card bills with one click & mdash; — "51 credit card housekeeper". Up to now, 51 Credit Card has gradually developed a dynamic and self-reinforcing ecosystem, providing users with one-stop personal financial services covering personal credit management services, credit card technology services, online loan matching and investment services. It has a variety of apps such as "51 Credit Card Manager", "51 Personality" and "51 Personality Loan", with more than 100 million active users.

On August 5, 2019, the page of 51 people showed that the accumulated transaction was 77.59 billion yuan.

Image source: 51 character official website screenshot

The list of shareholders of credit cards (shown in official website) includes: China CITIC Bank, JD.COM, Xiaomi, Yintai, the new lake treasure, Harvest Investment and other well-known enterprises and funds.

Xiao Ming, a test student, gave feedback. He immediately took out a loan to register his mobile phone number, took photos of the front and back of his ID card, and performed face recognition. After submitting relevant personal information, he soon received an audit message: Your information did not meet the conditions for opening an account, and this application failed the audit!

Test student Xiaoming’s feedback: After registering the mobile phone number in Doudou Money, verifying the real name, filling in the relevant personal information, submitting it to the mobile phone operator for authentication, and carrying out face recognition, it is necessary to carry out credit card verification or provident fund account binding. Because Xiao Ming hasn’t graduated, he doesn’t have a credit card, and he doesn’t have a provident fund account, so he didn’t get the credit line of Doudou Money.

According to official website information, Doudou Money is a new Internet financial product launched by Weixin Jinke, with a maximum loan of 200,000 yuan. On June 21, 2018, Weixin Jinke landed on the main board of the Hong Kong Stock Exchange with the stock code of 02003.

Xiao Ming, a test student, said that Xiaoying Card Loan also needs to verify the credit card information, and it has not obtained the credit limit of the platform.

Xiaoying Card Loan official website shows that it is a product of Xiaoying Technology. Xiaoying Technology was established in March 2014 and listed on the new york Stock Exchange in September 2018 with the stock code XYF.

Tang Yue, the founder of Xiaoying Technology, is also the founder of eLong Travel Network. The shareholders of Xiaoying Technology also include: Zhu Baoguo (Chairman of Health Yuan), Chow Tai Fook Enterprise, Zhang Songqiao (20th in Hurun Real Estate Rich List in 2007), Xinhualian Group (000620), Yintai Group, Huarui Century Group, Golden Mantis Enterprise Group (parent company of Golden Mantis, a listed A-share company) and urban real estate.

Cover image source: Photo Network

Intern Zhang Ling, Yu Ling and Han Qingwei also contributed to this article.

(In order to protect the privacy of the parties, the test students in this paper are pseudonyms.)

　　Anti-corruption work is constantly extending in the national public security system.

　　The Paper reporter found that since July this year, the number of public security system officials in various places has reached double digits, including many department-level cadres, and officials have been clearly pointed out as "involved in the underworld" in the report of falling off the horse.

　　Such a heavy blow to investigate and deal with corrupt elements in the system naturally has the determination support from the top of the public security system.

　　On August 28th this year, the promotion meeting of the national public security organs’ special struggle against evil was held in Taiyuan, Shanxi. Zhao Kezhi, State Councilor, Secretary of the Party Committee and Minister of the Ministry of Public Security, put forward demands for the public security organs throughout the country to promote the special struggle against vice.

　　Zhao Kezhi pointed out at the meeting: We should dig deep into the "protective umbrella" and strictly implement the "three investigations in one case". We should thoroughly investigate the leading cadres and police officers who act as the "protective umbrella" of the evil forces, never tolerate them, and resolutely eliminate the black sheep.

　　Within two months, four cadres at the departmental level of the public security system were dismissed or "double-opened"

　　In these two months, there are at least four current and former officials of the public security system who have been notified of falling horse and "double opening".

　　On August 14th, the Supervision Committee of Chongqing Municipal Commission for Discipline Inspection released a message that Cai Pin, member of the Party Committee of Chongqing Public Security Bureau and director of the Political Department, was suspected of serious violation of the law, and was currently under disciplinary review and supervision investigation by the Supervision Committee of Chongqing Municipal Commission for Discipline Inspection.

　　On August 31, according to the website of Shandong Provincial Commission for Discipline Inspection, Nie Zuokun, deputy mayor of Yantai Municipal Government, secretary of the Party Committee and director of the Municipal Public Security Bureau, was suspected of serious violation of the law and was currently under disciplinary review and supervision investigation by the Provincial Commission for Discipline Inspection and Supervision.

　　On September 3, the Supervision Committee of the Henan Provincial Commission for Discipline Inspection released a message: Duan Yuliang, chairman and party secretary of Pingdingshan CPPCC, was suspected of serious violation of the law and surrendered himself. He is currently undergoing disciplinary review and supervision investigation by the Supervision Committee of the Henan Provincial Commission for Discipline Inspection. Duan Yuliang once served as the standing committee member of Pingdingshan Municipal Committee and concurrently served as the director of the city’s public security bureau and secretary of the party committee.

　　On September 5, according to the news from the Supervision Committee of Hubei Provincial Commission for Discipline Inspection, with the approval of Hubei Provincial Committee, the Supervision Committee of Hubei Provincial Commission for Discipline Inspection conducted a disciplinary review and supervision investigation on Wang Zhihuai, a member of the former party group and deputy mayor of Huanggang Municipal Government, the former deputy secretary of the Political and Legal Committee of the Municipal Party Committee, and the former party secretary, director and inspector general of the Municipal Public Security Bureau.

　　In the briefing on Wang Zhihuai, the supervisory committee of the local discipline inspection commission mentioned that as the deputy director of Huangshi Public Security Bureau and the director of Huanggang Public Security Bureau, bending the law bent the law for favoritism, providing illegal protection for suspects suspected of allowing others to take drugs, opening casinos, gambling and other illegal crimes, and was suspected of bending the law for favoritism.

　　At present, according to the Regulations on Disciplinary Actions in the Communist Party of China (CPC), the Supervision Law of People’s Republic of China (PRC) and other relevant regulations, after being studied by the Supervision Committee of Hubei Provincial Commission for Discipline Inspection and reported to the Provincial Party Committee for approval, Wang Zhihuai has been decided to be expelled from the Party membership and public office.

　　The public security system is intensive in anti-corruption, and corrupt officials with more than two digits are dismissed.

　　In addition to the above-mentioned four office officials, the The Paper reporter found that at least two-digit current and former officials of local public security systems have been dismissed since July this year.

　　For example, on July 2, according to the news of the Supervision Committee of Zhengzhou Municipal Commission for Discipline Inspection, Liu Congde, a county-level inspector of Zhengzhou Municipal Public Security Bureau and secretary and director of the Party Committee of Shilihe Branch (police station), is suspected of serious violation of the law and is currently under disciplinary review and supervision investigation by the Supervision Committee of the Municipal Commission for Discipline Inspection.

　　On July 4th, the Supervision Committee of Hunan Provincial Commission for Discipline Inspection reported that Xie Xian, deputy director of Hengyang Municipal Public Security Bureau and member of the Party Committee, was suspected of serious violation of discipline and law, and was currently under disciplinary review and supervision investigation by the Supervision Committee of Hengyang Municipal Commission for Discipline Inspection.

　　On July 4th, the Supervision Committee of Anhui Provincial Commission for Discipline Inspection reported that the member of the Standing Committee of Wuhe County Committee, the secretary of the Political and Legal Committee, the secretary of the Party Committee of the Public Security Bureau, and the director Gao Feng were suspected of serious violations of the law, and were currently under disciplinary review and supervision investigation.

　　On July 17, Shanxi Provincial Commission for Discipline Inspection and Supervision reported that Sun Quan, deputy secretary of the Party Committee and executive deputy director of Jinzhong Public Security Bureau, was suspected of serious violation of the law and was currently under disciplinary review and supervision investigation by the Provincial Commission for Discipline Inspection and Supervision.

　　On July 18, the Supervision Committee of the Commission for Discipline Inspection of Sanya City, Hainan Province reported that Kang Zhijun, member of the Party Committee and deputy director of Tianya Branch of Sanya Public Security Bureau, was suspected of serious violation of the law and was currently undergoing disciplinary review and supervision investigation.

　　On July 23, Hunan Red Net News: Under the designated jurisdiction of the Supervision Committee of Changsha Municipal Commission for Discipline Inspection, the Supervision Committee of Kaifu District Commission for Discipline Inspection conducted a disciplinary review and supervision investigation on Zhou Binsheng, former member of the Party Committee and deputy director of Furong Branch of Changsha Municipal Public Security Bureau, who was suspected of serious violation of discipline and law.

　　On July 25, according to the news from the Supervision Committee of the Commission for Discipline Inspection of Guilin City, Guangxi, Huang Guangnian, former deputy director of Guilin Public Security Bureau, was suspected of serious violation of discipline and law, and is currently undergoing disciplinary review and supervision investigation.

　　On July 27th, official website, the Commission for Discipline Inspection of Shenzhen, released a message: Yang Yongping, member of the Party Working Committee of Guangming New District of Shenzhen and director of the Public Security Bureau, was suspected of serious violation of discipline and law, and is currently under disciplinary review and supervision investigation.

　　On July 30th, the Supervision Committee of Hebei Provincial Commission for Discipline Inspection reported that Wang Shoucheng, member of the Party Committee and deputy director of Zhangjiakou Public Security Bureau, was suspected of serious violation of discipline and law, and was currently under disciplinary review and supervision investigation.

　　On August 3, the website of the Supervision Committee of the Henan Provincial Commission for Discipline Inspection released a message: Yang Buchao (deputy department level), secretary of the Party Committee and director of Xiangcheng Public Security Bureau, is suspected of serious violation of the law and is currently under disciplinary review and supervision investigation by the Supervision Committee of Zhoukou City Commission for Discipline Inspection.

　　On August 6, the website of the Supervision Committee of the Commission for Discipline Inspection of Shanwei City, Guangdong Province reported that Zheng Hailu, member of the Party Committee and deputy director of Shanwei Public Security Bureau, was suspected of serious violation of the law and was currently undergoing disciplinary review and supervision investigation.

　　On August 6, Jiangxi Fuzhou Municipal Commission for Discipline Inspection and Supervision website news: Kong Wenyi, member of the Party Committee and deputy director of Yihuang County Public Security Bureau, was suspected of serious violation of the law. He was appointed by the Supervision Committee of Fuzhou Municipal Commission for Discipline Inspection and is currently undergoing disciplinary review and supervision investigation by the Supervision Committee of Nanfeng County Commission for Discipline Inspection.

　　On August 7, Hunan Provincial Commission for Discipline Inspection and Supervision reported that Peng Jin, deputy director of Changde Public Security Bureau, was suspected of serious violation of the law and discipline. He was appointed by the Provincial Commission for Discipline Inspection and Supervision, and is currently undergoing disciplinary review and supervision investigation by the Changsha Municipal Commission for Discipline Inspection and Supervision.

　　On August 9th, the Supervisory Committee of the Commission for Discipline Inspection of Jiujiang City, Jiangxi Province reported that Wang Junjun, member of the Party Committee and deputy director of pengze county Public Security Bureau, was suspected of serious violation of discipline and law, and was under disciplinary review and supervision investigation. Designated by Jiujiang Municipal Supervision Committee, the case was under the jurisdiction of Xunyang District Supervision Committee.

　　On August 15th, Jiangxi, China. com released a message: Chen Yunnan, former deputy magistrate of Tonggu county government and former director of county public security bureau, is suspected of serious violation of discipline and law, and is currently under disciplinary review and supervision investigation.

　　On August 18, the Supervisory Committee of the Commission for Discipline Inspection of Maanshan City, Anhui Province reported that Ding Jiashun, director of the Cihu High-tech Zone Branch of Maanshan City Public Security Bureau, was suspected of serious violation of the law and was currently undergoing disciplinary review and supervision investigation.

　　On August 24, the Supervision Committee of the Commission for Discipline Inspection of Jieyang City, Guangdong Province released a message: Guo Yingbo, a member of the Party Group of Jieyang Forestry Bureau and director of the Forest Branch of Jieyang Public Security Bureau, is suspected of serious violation of the law and is currently undergoing disciplinary review and supervision investigation.

　　On August 30th, the Supervision Committee of the Commission for Discipline Inspection of Meizhou City, Guangdong Province reported that He Yongdong, deputy director of Meijiang Branch of Meizhou Public Security Bureau, was suspected of serious violation of the law and was currently under disciplinary review and supervision investigation.

　　On September 6, the Supervision Committee of the Henan Provincial Commission for Discipline Inspection reported that Zhang Yijun (deputy division level), secretary of the Party Committee and director of Xiadong Branch of Sanmenxia Public Security Bureau, was suspected of serious violation of discipline and law, and was currently under disciplinary review and supervision investigation by the Supervision Committee of Sanmenxia Municipal Commission for Discipline Inspection.

　　The above statistics show that since July, in addition to four departmental cadres, there are at least 19 directors and deputy directors of the national public security system.

　　Many corrupt elements of the public security system in Zhengzhou, Kaifeng and Xiamen were pointed out to be "involved in black and evil"

　　According to the official information, the number of public security system officials who have been dismissed and "double-opened" since July has not only increased, but also some corrupt elements have been directly named by the government as "black-related".

　　For example, the article "Henan Notifies Six Cases of Black-related Corruption and" Umbrella "published on the website of the State Supervision Commission of the Central Commission for Discipline Inspection at noon on August 7 announced six cases of black-related corruption in the public security system in Zhengzhou and Kaifeng.

　　The Paper reporter found that among the six cases exposed this time, there were three in Zhengzhou and three in Kaifeng. Among them, some police officers acted as "protective umbrellas" for gambling and drug-related places, some police officers tipped off the hotels involved in pornography, and some police station directors made false transcripts to help others take the blame.

　　These include: Cheng Jian, the former director of Jieyun Road Branch of Zhengzhou Public Security Bureau, accepted bribes and acted as an "umbrella" for places involved in pornography and gambling; Zhang Guohua, the former deputy director of Mazhai Branch of Zhengzhou Public Security Bureau, and Fan Liufa, the former policeman of Xinmi Public Security Bureau, accepted bribes and introduced bribes, acting as "protective umbrellas" for casinos; Pu Gang bending the law, the former captain of the West Street Police Team of Shangcheng Road Branch of Zhengzhou Public Security Bureau, acted as the "protective umbrella" for casinos; Wang Hua, the former deputy political commissar of Qixian Public Security Bureau in Kaifeng City, accepted bribes and acted as an "umbrella" for Wang Peng’s gang. Tong Yunzhen, the former captain of the Public Security Brigade of Qixian Public Security Bureau in Kaifeng City, accepted bribes and acted as an "umbrella" for Wang Peng’s gang. Wang Yongjiu, former deputy director of Xiguan Police Station of Qixian Public Security Bureau in Kaifeng City, took bribes to act as an "umbrella" for Wang Pengju’s gang involved in gangs.

　　On the afternoon of August 13th, the website of the State Commission for Discipline Inspection of the Central Commission for Discipline Inspection published four typical cases recently investigated and dealt with by the Commission for Discipline Inspection of Fujian Province, in which party member cadres were involved in corruption, vice and corruption, and acted as "protective umbrellas", so as to further strengthen deterrence and discipline.

　　In this case, the most striking thing is that Yang Jiangzhong, the former deputy head of Xiang ‘an District of Xiamen City and the former party secretary and director of Xiang ‘an Branch of the Municipal Public Security Bureau, acted as the "protective umbrella" for evil forces. Yang Jiangzhong began to act as a "protective umbrella" for black organizations in 1999, and was dismissed earlier this year for nearly 20 years. (The Paper reporter Yue Huairang)

　　The Central Committee of the Communist Party of China’s Resolution on the Great Achievements and Historical Experience of the Party’s Hundred Years’ Struggle, adopted by the Sixth Plenary Session of the 19th CPC Central Committee, systematically summarized the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, and emphasized speeding up the construction of a new development pattern with the domestic big cycle as the main body and the domestic and international double cycles promoting each other. This is a major strategic plan made by the CPC Central Committee with a view to achieving the goal of the second century, coordinating the overall strategic situation of the great rejuvenation of the Chinese nation and the unprecedented changes in the world in the past century, and according to the changes in China’s development stage, environment and conditions. It is a major strategic task that has a bearing on China’s overall development, and it should be accurately grasped and actively promoted from a historical and overall perspective.

　　Accelerating the construction of a new development pattern is an important strategic choice to achieve the goal of the second century.

　　The development pattern of a country is always formed under the influence of certain times background, internal and external environment, development conditions and other factors, and it also affects and shapes the overall situation of national development. Since the founding of our party 100 years ago, it has led the people to carry out the great cause of revolution, construction and reform, formed a development pattern adapted to the requirements of different historical stages, and achieved a series of major achievements and valuable experience.

　　During the period of new-democratic revolution, our Party led the people in the anti-imperialist and anti-feudal revolutionary struggle, explored and implemented economic policies such as land reform, rent reduction and interest reduction, and industrial and commercial development according to the reality of different stages, fully mobilized the revolutionary and production enthusiasm of the broad masses of working people, created economic forces to support the victory of the revolution, formed a development pattern in which revolution and production promoted each other, and laid a material foundation for the success of the revolution.

　　After the founding of New China, our party led the people to carry out the socialist revolution, established the basic socialist system, promoted socialist construction, realized the most extensive and profound social changes in the history of the Chinese nation, and realized the great leap of a poor and populous eastern country into a socialist society. During this period, faced with the economic blockade of western countries, China chose an independent and self-reliant development path, established an independent and relatively complete industrial system and national economic system, and formed a development pattern with domestic circulation as the mainstay and basic self-sufficiency.

　　After the Third Plenary Session of the Eleventh Central Committee of the Communist Party of China, our party United and led the people to carry out the new great revolution of reform and opening up, emancipated their minds, forged ahead, created, adhered to, defended and developed Socialism with Chinese characteristics, and made China catch up with the times in great strides. During this period, the CPC Central Committee accurately judged the general trend of the world, vigorously promoted the reform of the economic system, and constantly opened up to the outside world, gradually forming an export-oriented development model with "two ends outside" in the market and resources. Especially after joining the WTO in 2001, China has actively integrated into the process of economic globalization, developed into a "world factory", formed a development pattern dominated by the international cycle, achieved rapid economic development, significantly improved people’s lives, and greatly enhanced comprehensive national strength. In 2008, in the face of the severe impact of the international financial crisis, we implemented the strategy of expanding domestic demand, and the pulling effect of domestic demand on economic development increased significantly. China’s development pattern began to evolve from the international cycle to the domestic cycle.

　　Since the 18th National Congress of the Communist Party of China, Socialism with Chinese characteristics has entered a new era, and historic achievements and changes have taken place in the cause of the Party and the country. After building a well-off society in an all-round way, we have embarked on a new journey of building a socialist modern country in an all-round way, which indicates that China has entered a new stage of development. At this stage, the world’s unprecedented great changes have accelerated its evolution, the conditions of domestic production factors, demand structure and supply structure have undergone profound changes, and problems such as the "bottleneck" of key core technologies and the supply security of important energy resources have become prominent. In particular, the global epidemic of COVID-19 epidemic has further exposed the potential risks faced by the global industrial chain supply chain. Facing the severe and complicated external environment and profound internal development conditions, General Secretary of the Supreme Leader pointed out that it is necessary to accurately recognize change, respond scientifically and take the initiative to seek change; Improve the strategic layout, turn crises into opportunities and achieve high-quality development; Construct a new development pattern with the domestic big cycle as the main body and the domestic and international double cycles promoting each other. From the international comparison, the remarkable characteristics of the big country’s economy are that domestic demand is dominant and internal circulation is possible. China, as the second largest economy and the largest manufacturing country in the world, relies on the advantages of domestic big market to fully tap the potential of domestic demand and build a dual-cycle development pattern with domestic big cycle as the main body, which is conducive to resolving the impact of external shocks and shrinking external demand, ensuring the basic normal operation of China’s economy and overall stability of the overall social situation in extreme cases, and ensuring the smooth realization of the goal of the second century.

　　To speed up the construction of a new development pattern, we must correctly handle several major relations.

　　To speed up the construction of a new development pattern, we should correctly handle some major relations in our understanding and work, make clear what the new development pattern is and what it is not, and prevent it from being distorted in implementation.

　　Correctly handle the relationship between domestic circulation and international circulation. Building a new development pattern has profound theoretical and practical connotations. The first is "circulation". The operation of the national economy is a cycle-by-cycle, continuous reciprocating process. The key is that the supply side should be smooth, and the upstream and downstream industries, production, supply and marketing, agricultural manufacturing services, energy resources and other systems and departments can be coordinated, efficient and smooth. The second is the "big domestic cycle". This is the "main body" of the national economic cycle. We should adhere to the strategy of expanding domestic demand, build a strong domestic market, effectively release the potential of domestic demand, and make production, distribution, circulation and consumption rely more on the domestic market to form a new internal and external balance. The third is "domestic and international double circulation". It is necessary to maintain the openness of the national economic cycle and open up the blocking point of the domestic and international dual cycle so that the two cycles can promote each other and complement each other. Looking forward to the future, in China’s national economic cycle, the proportion of international cycle may not be as high as before, but its absolute scale will continue to expand, its position in the global industrial division of labor will gradually rise, its role in promoting the quality of domestic cycle will be more prominent, its impact on the world economy will continue to increase, and the development opportunities brought to countries will continue to increase.

　　Correctly handle the relationship between the overall construction of the domestic grand cycle and local participation in the domestic grand cycle. Taking the domestic macro-cycle as the main body is aimed at the whole country, and based on the unified national market, it is not required that all localities engage in self-cycle within provinces, cities and counties. All regions should identify their own positioning and comparative advantages in the new development pattern, organically link the construction of the new development pattern with the implementation of regional major strategies, regional coordinated development strategies, main functional area strategies, and the construction of free trade pilot zones, and must not engage in local protection and "small but comprehensive" in the name of "internal circulation". It is necessary to further break down the barriers of local protection and market segmentation, jointly build a unified national market with high efficiency, standardization and fair competition, and demonstrate the competitive advantages of enterprises in various industries in various regions by actively participating in the domestic and international double cycle.

　　Correctly handle the relationship between supply-side structural reform and demand-side management. China’s economic development environment and comparative advantage have changed obviously, the old combination of production functions is difficult to sustain, and innovation plays a prominent role in the combination of production factors. To build a new development pattern, we must adhere to the supply-side structural reform as the main line, implement the requirements of consolidation, enhancement, promotion and smoothness, eliminate technical bottlenecks, open up circulation blockages, and form a more efficient and quality input-output relationship. We should make good use of China’s huge domestic demand potential, build a strong industrial chain supply chain with strong domestic market support, enhance the adaptability between supply and demand, and promote the continuous expansion and qualitative improvement of the national economic cycle.

　　Correctly handle the relationship between self-reliance and open cooperation. Scientific and technological innovation is the basic element to support national modernization. Historical experience shows that if the late-developing countries don’t want to be stuck in the low-end value chain of the industrial chain and stagnate, they must firmly promote self-reliance in science and technology and enhance the independent and controllable ability of the industrial chain supply chain. At the same time, self-reliance is by no means a return to traditional self-sufficiency, and it never means doing everything by yourself. We should always adhere to the basic national policy of opening to the outside world, actively participate in international division of labor and cooperation, and actively embed ourselves into the global value chain innovation chain in combination with our own advantages, so as to form a pattern of interests in which you have me and I have you.

　　Correctly handle the relationship between development and security. The important focus and foothold of building a new development pattern is to achieve safe development and ensure the steady and far-reaching socialist modernization. Security is the premise of development, and development is the guarantee of security. We must persist in running our own affairs well, base ourselves on domestic high-quality development, provide stronger material support for national security with growing comprehensive strength, and realize active security and dynamic security. We must earnestly enhance our sense of hardship, adhere to the bottom line thinking, focus on preventing and resolving all kinds of major risks, and ensure that systematic risks do not occur.

　　Key measures must be taken to accelerate the construction of a new development pattern

　　Building a new development pattern is a systematic project and a dynamic evolution process. It is necessary to give full play to the economic advantages and human resources advantages of a big country, highlight key points, grasp the key points, and build a "four beams and eight pillars" of a new development pattern to provide strong support for promoting high-quality development and building a socialist modern country in an all-round way.

　　Promote self-reliance and self-improvement through science and technology. Give full play to the advantages of the new national system under the conditions of socialist market economy, strengthen the national strategic scientific and technological strength, pool superior resources, and focus on solving major problems that restrict national development and security. Improve the system and mechanism of scientific and technological innovation, promote the reform of scientific research project management and evaluation system, vigorously and orderly promote the system and mechanism of "revealing the list and taking the lead" in tackling innovative problems, clarify the road map, timetable and responsibility system, and continuously make new breakthroughs in key core technologies. Give full play to the main role of technological innovation of enterprises, strengthen the connection between innovation chain and industrial chain, improve the financial support innovation system, and greatly improve the transformation effect of scientific research achievements. Adhere to open cooperation, attract global high-quality scientific and technological innovation resources, build a big stage for global scientific and technological open cooperation, and accelerate the construction of world-class talent centers and innovative highlands.

　　Build a strong and resilient industrial chain supply chain. Complement shortcomings and strong and weak items, focus on weak links such as core basic parts and components, advanced basic technology, key basic materials, industrial technology foundation, and basic software, increase support through multiple channels, speed up the short-board supply chain of the industrial chain, and build a self-controllable, safe and reliable domestic production and supply system. Forging a long board, based on China’s market advantages, industrial advantages, supporting advantages and first-Mover advantages in some fields, will continue to enhance the industrial advantages in the fields of 5G and high-speed rail, tighten the interdependence of domestic and international industrial chains, and form a strong bargaining game ability. Strengthen overall planning, optimize industrial layout, prevent redundant construction, and achieve a national chess game. Promote the formation of international consensus and norms to safeguard the security of the global industrial chain supply chain and eliminate the interference of non-economic factors.

　　Firmly implement the strategy of expanding domestic demand. Accelerate the cultivation of a complete domestic demand system, establish an effective system to expand domestic demand, and promote the dynamic balance between total supply and total demand at a higher level. Efforts will be made to expand household consumption, promote the upgrading and expansion of traditional consumption, accelerate the growth of new consumption, and enhance the consumption structure of residents. Give play to the key role of investment in optimizing the supply structure, support enterprises to increase investment in equipment renewal and technological transformation, and play a good role in guiding and inciting government investment. Optimize the income distribution pattern, expand middle-income groups, solidly promote common prosperity, and better support the virtuous circle of supply and demand. Accelerate the establishment of a high-standard market system, remove institutional and institutional obstacles that hinder the market-oriented allocation of production factors and the circulation of goods and services, improve fair competition review, strengthen anti-monopoly regulation, and improve the efficiency of market allocation of resources and economic cycle.

　　Open to the outside world at a high level. We will improve the market-oriented and legalized international business environment, continue to deepen the mobile opening of goods, services and other factors, enhance the comprehensive competitiveness of foreign trade, and raise the level of two-way investment. We will steadily expand institutional openness such as rules, regulations, management and standards, promote the high-quality development of the "Belt and Road" and build a new pattern of international economic and trade cooperation. Attach importance to actively participating in international circulation to improve the efficiency and level of domestic circulation, improve the quality and allocation level of production factors in China, enhance the competitiveness of export products and services, promote industrial transformation and upgrading, and enhance its position and influence in the global industrial chain supply chain innovation chain. Deepen bilateral, multilateral and regional cooperation, build a global high-standard free trade zone network, safeguard the multilateral trading system, and actively participate in the reform of the global economic governance system.

　　Strengthen the system and policy guarantee of safe development. We will implement the overall national security concept, run security development through the whole process and all fields of building a new development pattern, and form a comprehensive and reliable development security system. Strengthen cross-cycle policy design and countercyclical adjustment, attach importance to expected management, maintain macroeconomic stability, and prevent ups and downs. Keep pace with the times, improve financial supervision and market supervision, prevent the disorderly expansion of capital, avoid the moral hazard of "too big to fail" and guard against the risk of abnormal cross-border capital flow. Strengthen the supply security of grain and energy resources, realize diversified multi-channel imports, and strengthen the construction of the reserve system. We will implement the safety review measures for foreign investment and effectively safeguard national economic security in opening wider to the outside world.

　　People’s Daily (December 10, 2021, 09 edition)

　　[New Car Illustration] The name Spyker is extremely strange to most Chinese people, and it can’t be associated with anything. To tell the truth, before that, I only had a superficial understanding of Spyker. In my impression, Spyker brand has a long history but has disappeared for more than half a century. After the resurrection of the 21st century, it launched a classic legendary model, which was hand-built and designed uniquely, which seemed out of place among a group of super-runners who took pleasure in challenging the speed limit. Some time ago, Spyker exhibition hall of Spyker settled in Shanghai, and besides C8 Aileron, a new generation GT sports car of Spyker, there is also the spyker C8 Spyder collector’s edition that we actually shot today.

　　According to Spyker China, the current starting price of this model is about 3.8 million yuan, but usually the final price of the car owner after adding some personalized options is far more than that. The most difference between this model and the ordinary version of spyker C8 Spyder is the bright silver body. Since there happens to be a car in the shop, let’s show it to you through simple real shots. Of course, let’s review Spyker’s long history before entering the real shot.

More related links-

SPYKER Shanghai Exhibition Center officially settled in Xintiandi.
//www.autohome.com.cn/news/201106/211022.html

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■ Spyker History Review

　　In 1898, two Dutch carriage manufacturers, JACOBUS and HENDRIK-JAN)· SPIJKER, built their first car with an engine in Amsterdam. In the same year, in order to present the upcoming coronation ceremony of Wilhelmina, Beatrix Wilhelmina Armgard, Spijker made the famous golden ceremony carriage, which was also used in various celebrations in the Netherlands in the 21st century.

　　In order to better adapt to foreign markets, they changed the "ij" in the middle of Spijker to "Y" and changed the company name to SPYKER. Spyker’s first car was officially launched in 1900, equipped with twin-cylinder 3hp and 5hp engines provided by Ben Ci. In 1903, Spyker 60 HP, which was extremely advanced at that time, was introduced. This is the world’s first car with six engines, constant four-wheel drive and four-wheel brake.

In 1907, the legendary SPYKER 14/18 HP passed through Moscow in the "Beijing-Paris Rally".

　　Before the First World War, the demand for luxury cars in the world began to decline. Nevertheless, Spyker successfully participated in the Beijing-Paris Rally in 1907 with its 18hp model and won the second place.

SPYKER 60 HP in 1903, the world’s first six-cylinder four-wheel drive car.

Spyker IV is the first plane designed entirely by Spyker, which uses a quick engine.

　　In 1914, SPYKER merged with Dutch Aircraft Manufacturing Co., Ltd. and began to develop and produce aircraft. During the World War II, Spyker Company produced 100 fighter planes and 200 aero engines.

　　In 1915, Spyker put forward the slogan of "persistent, strong and unimpeded", which has been used ever since. At the same time, a new company logo was introduced, which is the spoke wheel that we are familiar with later.

　　In 1922, Spyker introduced the simplified model 13/30 C1, but the sales volume was disappointing and fell into the edge. Although it continued to produce and sell at a reduced price, its business still plummeted. Until all the funds were exhausted in 1926, its final products were C2 two-ton trucks and C4 cars. The early Spyker Company produced and manufactured more than 2,000 cars.

"Spyker factory after rebirth"

　　In 2000, 75 years after the original company disappeared, Spyker regained its vitality. The new Spyker Automobile Company was founded in 1999 by Dutch businessmen Victor Muller and Maarten de Bruijn. Since 2000, we have been specialized in producing high-end sports cars, such as C8 and C8 Laviolette.

　　In 2009, Spyker planned to buy cars from General Motors, and reached an acquisition agreement on January 26th, 2010. The combination of Spyker and Saab makes Spyker Automobile Co., Ltd. an automobile enterprise that participates in the global automobile industry competition, in addition to the brand essence of aviation technology inheritance and unique and bold design shared by the two brands.

■ Motor racing

　　On September 9th, 2006, Spyker bought the Midland F1 team from Russian businessman Alex Shnaider. Spyker paid $106 million to transform it into Spyker F1 team and participated in the last three races of the 2006 season. As part of the transaction, the original car changed its painting in the last three races to participate in the competition.

　　Spyker Team Spyker Team is a competition team directly under the factory, participating in competitions such as Le Mans 24 Hours, Le Mans Series, FIA GT Championship and Cyberling 12 Hours. Spyker also provides racing cars for Spyker dealers in Switzerland and participates in various automobile competitions under the name of Spyker.

■ Spyker in the movie

Instinct 2

Ranger

　　If you have seen the action movie "Ranger" starring Jet Li, you must remember the car of the killer with extraordinary skills-the convertible version of spyker C8 Spyder. There is also Instinct II, in which Sharon Si Tong’s sexy interpretation and the luxury and speed of super sports cars are unforgettable. Spyker adds a lot of color to the two films.

Press conference video

　　At 10: 00 on April 12, 2022, the Information Office of the Provincial Government held a press conference on tackling the key problems of pollution prevention and control in Henan Province in 2022.

　　Release content:This paper mainly introduces and interprets the implementation plan of the tough battle of air, water and soil pollution prevention and control in our province in 2022 and the tough battle of agricultural and rural pollution prevention and control, and answers questions from journalists and friends.

　　Published by:

　　Member of the Party Group and Deputy Director of the Department of Ecology and Environment of Wang Chaojun Province

　　Director, Water Ecological Environment Division, Department of Ecological Environment, Lili Province

　　Director, Atmospheric Ecological Environment Division, Zhoufeng Provincial Department of Ecological Environment

　　Director, Soil Ecological Environment Division, Department of Ecological Environment, Liu Shuqiang Province

　　Moderator:

　　Chang Yiyuan, Director of Press Release Office of Propaganda Department of Provincial Party Committee

　　Chang Yiyuan, Director of Press Release Office of Propaganda Department of Provincial Party Committee

　　Ladies and gentlemen, friends from the press,

　　Hello everyone! Welcome to the press conference held by the Information Office of Henan Provincial People’s Government.

　　In order to further promote the construction of ecological civilization, resolutely fight the tough battle of pollution prevention and control, and constantly meet the people’s needs for a beautiful ecological environment, recently, with the consent of the provincial government, the Office of the Ecological Environment Protection Committee of Henan Province issued the "Implementation Plan for the Battle of Air, Water and Soil Pollution Prevention and Control in Henan Province in 2022 and the Battle of Agricultural and Rural Pollution Prevention and Control", which made a comprehensive arrangement for our province to further strengthen the ecological environment protection and fight the tough battle of pollution prevention and control. Today’s press conference will focus on introducing and interpreting the relevant situation of the "Program" and answering questions that the media are concerned about.

　　First of all, let me introduce the publisher who attended today’s press conference:

　　Mr. Wang Chaojun, member of the Party Group and Deputy Director of the Provincial Department of Ecology and Environment;

　　Ms. Li Li, Director of Water Eco-environment Division of Provincial Eco-environment Department;

　　Mr. Zhou Feng, Director of Atmospheric Ecological Environment Division, Provincial Department of Ecological Environment;

　　Mr. Liu Shuqiang, Director of Soil Eco-environment Department of Provincial Eco-environment Department.

　　Next, please let Mr. Wang Chaojun introduce the relevant information of the Plan.

　　Wang Chaojun, member of the Party Group and Deputy Director of the Provincial Department of Ecology and Environment.

　　Media friends:

　　Good morning everyone!

　　First of all, on behalf of the Provincial Department of Ecology and Environment, I would like to express my heartfelt thanks to all journalists and friends for their long-term concern, support and reports on ecological civilization construction and pollution prevention and control. Below, I will briefly introduce the relevant situation of the "Program".

　　First, the background of the "Program"

　　A good ecological environment is the proper meaning of high-quality development, the green background of building a beautiful China, and the inherent requirement of realizing the Chinese dream of great rejuvenation. The Central Committee of the Communist Party of China and the State Council attached great importance to tackling the problem of pollution prevention and control. The Fifth Plenary Session of the 19th CPC Central Committee clearly put forward the idea of fighting the battle of pollution prevention and control in depth. Last year, the Opinions of the Central Committee of the Communist Party of China and the State Council on Fighting the Battle of Pollution Prevention and Control in depth was issued (Zhongfa [2021] No.40). From the "resolutely fight" in the 13th Five-Year Plan to the "in-depth fight" in the 14th Five-Year Plan, the Party Central Committee with the Supreme Leader as the core has consistently attached great importance to the tackling of pollution prevention and control. It is of great significance for the provincial party committee and government to fully implement the decision-making arrangements of the CPC Central Committee, anchor the "two guarantees", implement the "ten strategies", coordinate the ecological environment protection and economic and social development, and promote the green and low-carbon transformation, so as to ensure the high-quality construction and high-level realization of modern Henan. 2022 is a crucial year to promote the implementation of the "14th Five-Year Plan" and fight the tough battle of pollution prevention in depth. Therefore, the Office of the Provincial Eco-environmental Protection Committee made overall planning, systematic planning and hierarchical promotion, and issued the "Implementation Plan for Fighting the Air, Water and Soil Pollution in Henan Province in 2022 and Fighting the Agricultural and Rural Pollution", which formed the top-level design framework and comprehensive and systematic "construction drawing" and "road map" for this year’s pollution prevention and control work.

　　Second, the overall thinking and main objectives of the "Program"

　　On the whole, the four plans adhere to the guidance of Socialism with Chinese characteristics Thought of the Supreme Leader in the New Era, thoroughly implement the spirit of the 19th National Congress of the Communist Party of China and the previous plenary sessions of the 19th National Congress, fully implement the ecological civilization thought of the Supreme Leader and the important guiding spirit of the important speech of the General Secretary of the Supreme Leader’s inspection of Henan, fully and accurately implement the new development concept based on the new development stage, integrate and serve the new development pattern, and adhere to the general tone of striving for progress while maintaining stability. Focusing on the implementation of the strategic deployment of "a strong ecological province" and the objectives and tasks of the Tenth Five-Year Plan, focusing on improving the quality of the ecological environment, taking the synergy of pollution reduction and carbon reduction as the starting point, insisting on precise pollution control, scientific pollution control and pollution control according to law, realizing the two-way promotion and mutual promotion of high-standard protection of the ecological environment and high-quality economic development, laying a solid foundation for deepening the tough battle of pollution prevention and building a beautiful Henan where man and nature coexist harmoniously. It mainly highlights three characteristics.

　　First, adhere to the people-centered development thinking. The "Proposal" takes improving the quality of the ecological environment and constantly meeting the people’s growing needs for a beautiful ecological environment as the starting point and the end result. Focusing on the outstanding ecological environment problems that the masses are concerned about, it plans governance measures in depth and strives to enhance people’s sense of happiness, acquisition and security in improving the ecological environment.

　　Second, adhere to the realization of pollution reduction and carbon reduction synergy as the overall starting point. The "Plan" takes pollution reduction and carbon reduction as the starting point, adheres to the system concept and synergy, focuses on key regions, important fields and key indicators, and promotes a comprehensive green transformation of economic and social development.

　　The third is to improve the quality of the ecological environment. The "Plan" clarifies the main objectives and key tasks of improving the quality of the ecological environment in 2022, and promotes the continuous improvement of the quality of the ecological environment by continuously increasing the intensity of tackling key problems and refining work measures.

　　The "Proposal" targets the central government, combines the actual situation of our province, and focuses on three pioneering and innovative battles, namely, the battle to eliminate heavy polluted weather, the battle to prevent ozone pollution, and the battle to protect the Yellow River, as well as three consolidation and upgrading battles, namely, the battle to prevent and control diesel truck pollution, the battle to control urban black and odorous water bodies, and the battle to prevent and control agricultural and rural pollution, so as to further quantify our province’s key objectives and tasks this year. In terms of atmosphere, the annual average concentration of fine particulate matter (PM2.5) in ambient air in the province is controlled below 51 μ g/m3, the annual average concentration of inhalable particulate matter (PM10) is controlled below 85 μ g/m3, the proportion of days with excellent ambient air quality is not less than 64.2%, and the proportion of days with heavy pollution is controlled below 3.0%. In terms of water, the annual target of surface water environmental quality issued by the state and determined by our province has been completed. The water quality compliance rate of centralized drinking water sources in cities above the county level has reached 100% (except for high natural background value), and the water quality of Taocha water intake of Danjiangkou Reservoir in the Middle Route of South-to-North Water Transfer Project has reached Class II. In terms of soil, the safe utilization rate of polluted cultivated land is over 95%, and the safe utilization of key construction land is effectively guaranteed. The proportion of V-type water in the national examination area of groundwater is controlled within 25%. In agriculture and rural areas, 1,200 new administrative villages have completed rural environmental improvement, and the rural domestic sewage treatment rate has reached 36%. The rural domestic garbage collection, transportation and disposal system covers all villages and operates stably; The utilization rate of chemical fertilizer and pesticide for main crops reached 41% and 40.8%, respectively.The recovery rate of agricultural film is stable above 90%, and the comprehensive utilization rate of livestock manure is maintained above 82%.

　　III. Key tasks of the Program

　　The "Program" defined 101 key tasks in 27 aspects of the four major pollution prevention and control battles, including air, water, soil and agriculture and rural areas.

　　In-depth fight against air pollution mainly includes: adjusting and optimizing industrial structure, promoting green and low-carbon transformation and development, and resolutely curbing projects with high energy consumption and high emissions; Deeply adjust the energy structure, promote clean production and low-carbon and efficient use of energy, and accelerate the formation of a green and low-carbon lifestyle; Continuously adjust the transportation institutions and fight the tough battle of diesel truck management; Optimize and adjust the land use structure, strengthen the control of non-point source pollution, and improve the control level of dust, open-pit mines, fireworks and firecrackers, agriculture, etc. Strengthen the control of volatile organic compounds, fight the tough battle of ozone pollution prevention and control, and speed up the short board of ozone pollution control; Strengthen regional joint prevention and control, and fight hard to eliminate heavy pollution weather; Strengthen basic capacity building and continuously promote the modernization of atmospheric environmental governance system and governance capacity.

　　In-depth fight against water pollution, it mainly includes: continuing to fight the battle against urban black and odorous water bodies, consolidating and improving the effectiveness of black and odorous water bodies in the built-up areas of provincial cities, and preventing black and odorous; Continue to promote the investigation and treatment of black and odorous water bodies in the built-up area of the county. Efforts will be made to fight the tough battle of ecological protection and management of the Yellow River, carry out investigation and rectification of sewage outlets and comprehensive management of water environment, and eliminate the inferior category V in the national examination section. Strengthen the prevention and control of water environmental risks, and prepare the emergency disposal plan of "one river, one policy and one map" to consolidate and improve the level of drinking water safety. Promote the management and restoration of the ecological environment of rivers and lakes, create "beautiful rivers and lakes", and improve the quality of water ecological environment.

　　In-depth fight against soil pollution mainly includes: deepening the detailed investigation of soil pollution, strengthening the prevention and control of soil pollution sources, and comprehensively improving the supervision ability of solid waste; Prevent new soil pollution in industrial and mining enterprises and promote green upgrading of industrial enterprises; Implement classified management of agricultural land according to law and strictly implement the early warning system of cultivated land soil; Effectively control the soil pollution risk of construction land, and promote the control and restoration of soil pollution risk; Strengthen the coordinated prevention and control of soil and groundwater pollution, and implement measures to meet or maintain water quality standards; Improve the ability of soil environmental supervision, strengthen the construction of institutional mechanisms and scientific and technological support.

　　In-depth fight against pollution in agriculture and rural areas mainly includes: strengthening overall planning, zoning and classifying policies, and scientifically promoting agricultural domestic sewage treatment; Highlight both the symptoms and the root causes, systematically manage the source, and promote the long-term clean-up of black and odorous water bodies in rural areas; Further promote rural environmental improvement and consolidate the effectiveness of rural environmental improvement; Implement the actions of reducing and increasing the efficiency of chemical fertilizers and pesticides and recycling agricultural films; Strengthen the prevention and control of aquaculture pollution, strengthen the supervision and guidance of agricultural non-point source pollution control, and promote the green and low-carbon development of agriculture.

　　Focusing on the realization of the goal of tackling key problems in pollution prevention and control in 2022, the Provincial Department of Ecology and Environment will intensify innovation in technology, policy and management to improve the modernization level of ecological environment management. Comprehensive use of legal, economic, administrative and other policy tools, increase the basic capacity building of ecological environmental protection, promote the completion of shortcomings in environmental infrastructure, and improve the effectiveness of ecological environmental supervision and law enforcement. Deepen the effectiveness assessment of the tough battle against pollution, and comprehensively use various means to urge the municipal and county governments to implement territorial responsibilities. Intensify publicity, strengthen contact and communication with the central and provincial major media and new media, vigorously promote public participation in atmospheric environmental protection, and unite the joint efforts to fight the battle against pollution. thank you

　　Chang Yiyuan, Director of Press Release Office of Propaganda Department of Provincial Party Committee

　　thank you Now welcome all journalists and friends to ask questions on issues of concern. Please also inform your news organization before asking questions.

　　Henan Daily reporter

　　As mentioned in the release just now, the "Proposal" will focus on three landmark battles: eliminating heavy polluted weather, preventing ozone pollution and controlling diesel truck pollution, so as to promote the continuous improvement of ambient air quality. Excuse me, what are the specific promotion measures? Thank you.

　　Zhou Feng, Director of Atmospheric Ecological Environment Division of Provincial Ecological Environment Department.

　　Thank you for your question. It is a major decision made by the CPC Central Committee and the State Council to fight the blue sky defense war. In recent years, through the unremitting efforts of the whole province, the ambient air quality in our province has been significantly improved, and the people’s sense of happiness and gain in the blue sky has been significantly enhanced. However, compared with the national standards and people’s expectations, the air pollution problems in key areas and areas in our province are still outstanding, the air quality indicators of PM10, PM2.5 and excellent days are still at a high level, and the heavily polluted weather in autumn and winter is still high and frequent; Ozone pollution has become increasingly prominent, which has become the primary factor leading to excessive air quality in some cities in summer; The pollution of diesel trucks has not been effectively solved, and mobile sources have become one of the main sources of nitrogen oxide emissions, contributing greatly to PM2.5 pollution in autumn and winter and ozone pollution in summer. In order to implement the relevant requirements of "Opinions of the State Council City, the Central Committee of the Communist Party of China Province on Deepening the Fight against Pollution", in accordance with the unified arrangements of the provincial party committee and the provincial government, the Provincial Department of Ecology and Environment adheres to the problem orientation, deeply analyzes the situation of air pollution prevention and control in the province, and focuses on three landmark battles of eliminating heavy pollution weather, ozone pollution prevention and control, and diesel truck pollution control, which are based on the present and long-term. In conjunction with relevant departments, the Implementation Plan for Fighting against Air Pollution in Henan Province in 2022 was formulated and issued, which clarified 37 key measures in eight aspects, focused on solving outstanding environmental problems that people care about, and strived to achieve new breakthroughs in key areas, important fields and key indicators. Focus on the following measures:

　　The first is to promote the green transformation and upgrading of the industry. Actively support the development of strategic emerging industries such as energy conservation, environmental protection and new energy, and resolutely curb the blind construction of projects with high energy consumption and high emissions; Continue to promote the relocation of heavily polluting enterprises, implement the dynamic "zero clearing" of backward production capacity and "scattered pollution" enterprises, and actively promote the closure and integration of backward coal-fired small thermal power units (including self-provided power plants) within a reasonable radius of heating for cogeneration units above 300,000 kilowatts; Implement the comprehensive improvement project of traditional industrial clusters, and guide the transformation, upgrading and integration of industrial furnaces such as gas producer, cupola and brick kiln.

　　The second is to promote clean and low-carbon energy transformation. Optimize the energy supply structure, vigorously develop new and renewable energy sources, and implement energy-saving and carbon-reducing transformation projects for key energy-using units; Carry out comprehensive management of scattered and inefficient coal, increase the substitution of loose coal in civil and agricultural fields, solidly promote the clearing of loose coal in plain areas, accelerate the "double reform" of replacing coal with electricity in tobacco curing barn and edible fungi enterprises in the province, and strictly prevent the re-burning of loose coal; Vigorously promote energy-saving transformation and cleaner production, completely eliminate coal-fired boilers with a capacity of 35 tons/hour or less, and encourage industrial furnaces and kilns that use highly polluting fuels to switch to clean and low-carbon energy such as industrial waste heat, electric energy and natural gas.

　　The third is to build a clean and low-carbon transportation system. Accelerate the construction of special railway lines and vigorously promote the railway or waterway transportation of bulk goods such as coal, ore, coke and building materials (including sand and gravel aggregates); Focusing on the use of vehicles in the public domain, we will actively promote the new energy utilization of buses, municipal sanitation, urban logistics, postal express, muck and cement tankers in urban built-up areas of provincial cities, and improve the green and low-carbon level of motor vehicles, boats and off-road mobile machinery; We will steadily push forward the elimination of diesel trucks and gas trucks with emission standards below the national standard 4 and complete the elimination of diesel trucks and gas trucks with emission standards below the national standard 3.

　　The fourth is to deepen pollution control in key industries. Accelerate the ultra-low emission transformation of steel, cement and coking industries, and continue to implement differentiated electricity price policies; Deepen the pollution control of coal-fired power plants, flat glass, refractories, metal smelting, brick kilns, ceramics, carbon, lime and other industries, establish and dynamically update the list of full-caliber furnaces and kilns, and implement the refined management of "one furnace and one policy"; Carry out a comprehensive upgrading project for inefficient treatment facilities, establish a list of inefficient treatment facilities such as dust removal and desulfurization integration, simple alkali desulfurization, simple ammonia desulfurization and denitrification, and wet denitrification, and complete the upgrading within a time limit; Strengthen the "cultivation project" of performance grading in key industries, guide and help enterprises to "reach the standard gradient", and scientifically implement precise and differentiated control measures.

　　Fifth, strengthen the comprehensive management of volatile organic compounds (VOCs). Promote the replacement of raw and auxiliary materials in automobile manufacturing, industrial painting, packaging and printing, furniture manufacturing, steel structure manufacturing, construction machinery and other industries, carry out the clean-up and rectification of simple and inefficient VOCs treatment facilities, and strengthen the whole process management of VOCs at the source, process and end; Carry out comprehensive improvement of VOCs-related industrial clusters, formulate a "one park, one policy" promotion plan, encourage and support parks and clusters with concentrated coating process enterprises, large amount of activated carbon and large amount of organic solvents, and make overall planning and construction of centralized coating centers, centralized activated carbon recycling treatment centers and organic solvent recovery centers; Strengthen the control of VOCs in the whole process of oil storage, transportation and marketing, establish a normalized oil product supervision and inspection mechanism, and severely investigate and deal with acts that undermine the sealing of tank cars during unloading, oil distribution, transportation and parking.

　　Sixth, strengthen the control of non-point source pollution. Implement inventory dynamic management of key pollution sources of dust, vigorously promote the cleaning and cleaning of urban public roads, effectively improve the cleaning and cleaning effect of national and provincial roads, county and township roads, urban-rural junctions and back streets and alleys, and improve the dust monitoring and evaluation system; We will continue to strengthen the ban on burning straw and fireworks and firecrackers, strengthen the comprehensive control of odor pollution in sewage treatment, garbage disposal, livestock and poultry breeding, rubber, plastic products, food processing and other industries, and solve outstanding environmental problems reflected by the people.

　　Seventh, effectively deal with heavy polluted weather. Improve the joint consultation mechanism of regional air quality forecast and strengthen the joint prevention and control of regional air pollution; Focus on key areas, key areas and key time periods, and establish a closed-loop management mechanism to deal with heavy polluted weather by locking in high-value areas of air quality indicators, analyzing key points, tracing the source, prescribing and promoting governance, and improving quality; Standardize the workflow of early warning, start-up, response and cancellation of heavily polluted weather, comprehensively implement performance grading and differentiated management and control of key industries, strengthen standardized management of emergency emission reduction lists, and achieve "good air quality and low production impact".

　　Eighth is to consolidate basic capacity building. Carry out scientific and technological research on coordinated prevention and control of PM2.5 and ozone, accelerate the construction of "six factors" air automatic monitoring stations in key townships (towns), improve the integrated monitoring system of "heaven, earth and air", expand the automatic monitoring scope of industrial pollution sources, and promote the construction of online monitoring system for ammonia emission; Widely use scientific and technological means such as online monitoring of pollution sources, blue sky guards, satellite remote sensing, hotspot grid and navigation monitoring, and take off-site supervision as an important way of daily law enforcement inspection; Improve the efficiency of supervision and law enforcement, carry out special law enforcement inspection actions for coordinated control of PM2.5 and ozone, severely investigate and punish abnormal operation of automatic monitoring equipment and falsification of monitoring data according to law, and promote enterprises to abide by the law.

　　During the "Fourteenth Five-Year Plan" period, the "Blue Sky Defence War" entered a new stage of precise haze control, focusing on three landmark battles: heavy pollution weather elimination, ozone pollution prevention and control, and diesel truck pollution control, and strengthening the coordinated control of regional air pollution, which has been a long-term contribution and continued to exert its strength, constantly enhancing the people’s sense of blue sky and white clouds and happiness. thank you

　　Henan Radio and Television Station, Elephant Journalist

　　We have noticed that this year’s "Implementation Plan for Water Pollution Prevention and Control" proposes to create "beautiful rivers and lakes". What are the main considerations? In addition, what plans and plans are there to create beautiful rivers and lakes? Thank you.

　　Li Li, Director of Water Eco-environment Division of Provincial Eco-environment Department

　　Thank you for your question. As you mentioned, our province will carry out the creation of "beautiful rivers and lakes", mainly based on the following considerations:

　　On the one hand, it is the need for our province to fight the tough battle of water pollution prevention and control. In recent years, our province has thoroughly implemented the decision-making arrangements made by the CPC Central Committee and the State Council on deepening the battle against pollution, and continuously improved the quality of water ecological environment in the province, and achieved positive results. In 2021, among the 160 surface water quality monitoring sections in our province, 127 were Class I-III water quality monitoring sections, accounting for 79.9%, 6.1 percentage points higher than the national target; There is no inferior V water quality section, and the water environment quality continues to improve. However, it should also be noted that the water conservation function is damaged, the ecological buffer zone of rivers and lakes is invaded and destroyed, the wetland area is shrinking, the aquatic ecosystem is degraded, and the aquatic biodiversity is declining. The aquatic ecological situation has become a prominent shortcoming for further building beautiful rivers and lakes. Therefore, after the breakthrough in water pollution prevention and control, it is conditional and necessary to provide more high-quality public ecological products for the people through the creation of beautiful rivers and lakes, and further improve the water ecological environment and urban quality.

　　On the other hand, it is the need to implement the national water pollution prevention and control policy. During the "14th Five-Year Plan" period, China’s water ecological environment protection has expanded from the water environment to the overall planning of water resources, water ecology and water environment, and implemented the management of grass and sand systems in landscape forests, fields and lakes. The focus of work has changed from water quality improvement to water ecological protection, and the protection and construction of beautiful rivers and lakes is one of the important measures. In 2021, the Ministry of Ecology and Environment launched the first collection of outstanding cases of beautiful rivers and lakes, and submitted more than 130 cases nationwide. After layers of screening, 18 cases of beautiful rivers and lakes were finally identified nationwide, and Qihe (Hebi section) in our province was among them, which explored the way for the protection and construction of beautiful rivers and lakes in water-deficient areas in the north, provided referential and replicable experience for water-deficient areas, and also made a good start for the creation of beautiful rivers and lakes in our province.

　　At present, the work of beautiful rivers and lakes in our province is still in its infancy, and there is still a lack of relevant technical guidance and normative support for the establishment standards and evaluation indicators of beautiful rivers and lakes. At the end of last year, the "14th Five-Year Plan for Water Security and Water Ecological Environment Protection in Henan Province" was issued, which clearly stated "to promote the creation and protection of beautiful rivers and lakes, actively explore the establishment system of beautiful rivers and lakes, and study the evaluation indicators and standards of provincial beautiful rivers and lakes". This year, our province will step up the construction of the index system for the construction of beautiful rivers and lakes and the research and formulation of the selection methods for beautiful rivers and lakes, introduce the selection methods for provincial beautiful rivers and lakes as soon as possible, promote the selection of provincial beautiful rivers and lakes, and publish a number of provincial beautiful rivers and lakes every year. At the same time, actively participate in the collection of outstanding cases of national beautiful rivers and lakes, invite relevant experts to give technical guidance on the basis of voluntary reporting in various places, and jointly with relevant units, carry out on-site verification, evaluation and scoring, and publicly solicit opinions in accordance with the relevant requirements of national beautiful rivers and lakes selection, and then report the best to the Ministry of Ecology and Environment. Through the activities of creating beautiful rivers and lakes, we will continue to promote the utilization of water resources, water ecological protection and water environment management, effectively control the discharge of various pollutants in the basin, and achieve a fundamental improvement or stability in water quality; Accelerate the transformation of high water consumption development mode and the utilization of regional recycled water, and ensure the ecological flow (water level) of rivers and lakes; The ecosystem of rivers and lakes is good, the eco-environmental functions of rivers and lakes and their buffer zones are maintained or restored, the coverage rate of aquatic vegetation reaches an appropriate level, and biodiversity is effectively protected; A long-term supervision mechanism for rivers and lakes has been gradually established.The ecological service function and the value of ecological products have been continuously improved, and efforts have been made to create a number of exemplary beautiful rivers and lakes, restore the rivers and lakes with smooth rivers, clear lakes, green shores and beautiful scenery, and establish a number of beautiful business cards with their own characteristics, so that the construction of beautiful rivers and lakes can become the forerunner of high-quality development in Henan Province and write a brilliant chapter of the Central Plains in the new era. thank you

　　China Environmental News reporter

　　We have noticed that it is mentioned in the "Plan" that the risk of soil pollution in construction land should be effectively controlled, especially the land whose use is changed to residential, public management and public service land has become the focus of management. Excuse me, what are the specific measures for control? How will we ensure the safety of the living environment and let the people "live with peace of mind"? Thank you.

　　Liu Shuqiang, Director of Soil Ecological Environment Division of Provincial Ecological Environment Department.

　　Thank you very much for your question. Ensuring the safe use of construction land and letting people live in peace of mind is an important ecological environment product related to people’s livelihood. With the acceleration of urbanization in our province, the scale of planned construction land will continue to increase, and chemical production enterprises in densely populated areas will gradually relocate. Once the construction land is polluted, it will be difficult, long-term, costly and there will be environmental risks in development and utilization. Therefore, the management of construction land is an important content of the pure land defense. This year, under the strong leadership of the provincial party committee and the provincial government, together with natural resources, agriculture and rural areas, we will continue to fight the tough battle of soil pollution prevention and control, adhere to prevention first, protection first, classified management and risk control, always put the vital interests of the people first, comprehensively improve the management level of soil environment, and ensure the safe use of construction land to be effectively guaranteed. Focus on the following three measures: First, implement directory management according to law. Strictly implement the soil law, and implement the risk management and control of soil pollution in construction land and the list system of remediation. At present, there are 625 suspected contaminated plots in our province that have completed the pollution investigation, and 10 contaminated plots that are determined to be risky and unacceptable to human health are included in the list. The plots listed in the list shall not be used as residential, public management and public service land. Those who meet the requirements of risk control or remediation can only be developed and utilized after the person responsible for soil pollution and the land use right holder can apply for removal from the list. The second is to strictly implement risk management and control. Focusing on the land whose use is changed to residential, public management and public service land,Promote the responsible subject to carry out the investigation of soil pollution. Strictly control the use of polluted plots, strictly control the planned use of heavily polluted plots in pesticide, chemical and other industries, and encourage them to be used to expand ecological space if they really need to be developed and utilized. Strengthen risk management and supervision of remediation projects, resolutely crack down on illegal disposal of contaminated soil in transit, and effectively control secondary pollution in the process of remediation of contaminated plots. The third is to prevent new soil pollution. According to the regulations on the management of the list of key pollutant discharge units, 1012 key soil pollution supervision units were updated this year, and they were urged to implement legal obligations such as hidden danger investigation and self-monitoring. Promote the green transformation of iron and steel, petrochemical, chemical, leather, non-ferrous metal mining and smelting, electroplating and other industries. Enterprises that find problems in hidden danger investigation can implement pipeline and sealing transformation according to the situation, reduce leakage and prevent soil pollution from the source. thank you

　　Yang Guangwang reporter

　　There are many villages in Henan province with various forms, and the treatment of domestic sewage has always been the key and difficult point in the improvement of rural human settlements. Excuse me, how do we consider the next step in promoting the treatment of rural domestic sewage in the province? Thank you.

　　Wang Chaojun, member of the Party Group and Deputy Director of the Provincial Department of Ecology and Environment.

　　Thank you for your questions. The people’s yearning for a better life is our goal. With the continuous promotion of the rural revitalization strategy, agriculture has become stronger, farmers have become rich and the countryside has become beautiful. However, the people’s requirements for the living environment are getting higher and higher, especially for domestic sewage treatment, toilet renovation and garbage removal.

　　The Central Committee of the Communist Party of China and the State Council issued "Opinions on Deepening the Fight against Pollution", which put forward clear requirements for the treatment of rural domestic sewage, which is an important part of improving rural living environment.

　　In recent years, under the leadership of the provincial party committee and the provincial government, the Provincial Department of Ecology and Environment has closely focused on the rural revitalization strategy, combined with the situation of Henan Province, and actively explored new governance paths oriented to source reduction, classified disposal and resource utilization. Up to now, the treatment rate of rural domestic sewage in our province has reached 34%, ranking in the forefront of central and western provinces; During the 14th Five-Year Plan, we plan to increase the rural domestic sewage treatment rate by three percentage points every year. By the end of the 14th Five-Year Plan, the rural domestic sewage treatment rate in our province will reach 45%.

　　Since the "Thirteenth Five-Year Plan", 10,607 villages in our province have completed environmental renovation. The renovated villages must meet the following three standards: first, the treatment rate of rural domestic sewage is over 60%, second, the treatment rate of black and odorous water bodies is over 80%, and third, the completion rate of standardized renovation of centralized drinking water sources is over 80%. Up to now, the renovated villages in our province account for about 23.3% of the 45,000 administrative villages in the province. Through unremitting efforts in recent years, This year, we will focus on four aspects:

　　The first is to improve the governance system. Adhere to the integration of urban and rural areas, take the city as the driving force, and guide all localities to accelerate the construction of a governance system led by the county-level government+the construction and operation of professional companies+the unified supervision of the ecological and environmental departments. Pay attention to the promising government and effective market, encourage all localities to rely on urban sewage treatment plants or select professional companies to be responsible for the operation and maintenance of rural domestic sewage construction, promote the unified planning, unified construction, unified operation and unified management of rural domestic sewage treatment, and continuously improve the unified, professional and market-oriented level of rural domestic sewage treatment.

　　The second is to highlight key areas. In line with the development trend of new urbanization, our province is considering giving priority to rectification in five aspects: First, the township government is located, and the township government must implement centralized treatment of domestic sewage. Up to now, there are still 608 towns and villages in our province that have not achieved centralized treatment of sewage, and the province requires that by the end of next year, the 1,788 towns and villages in the province must achieve full coverage of domestic sewage treatment facilities; Second, there are primary and secondary protected areas on both sides of the main canal of the Middle Route of South-to-North Water Transfer Project. According to statistics, there are still 774 villages in the primary and secondary protected areas on both sides of the main canal of the Middle Route of South-to-North Water Transfer Project with imperfect sewage treatment facilities, so we should increase the control efforts in stages. Third, along the main and tributaries of the Yellow River. According to statistics, there are 55 township governments located along the main and tributaries of the Yellow River that have not built centralized sewage treatment facilities. The province requires that construction must be started this year and completed in the first half of next year. Fourth, the urban-rural fringe; Fifth, scenic spots.

　　The third is to adhere to local conditions. Guide all localities to fully consider their own level of economic and social development, and do not go beyond the development stage to engage in large-scale financing and construction, or blindly copy the urban model to seek foreign countries. Do what is accurate first, wait for what is not, and strive for progress steadily, seeking good but not seeking fast. Sewage treatment should be centralized and decentralized, and the technical mode with low cost, simple maintenance and effective treatment should be optimized, and the sewage resource utilization combined with agricultural production should be actively promoted. Villages around the town should be brought into the urban sewage pipe network for centralized treatment; Villages with high population concentration and high water quality discharge requirements adjacent to drinking water sources should be treated centrally; Villages with scattered residence and less sewage production can focus on improving toilets and realize local recycling.

　　The fourth is to strengthen operational management and protection. We will focus on the classified rectification and upgrading of rural domestic sewage treatment facilities that are not operating normally, combine problem rectification with sound long-term mechanism and post-disaster reconstruction, and establish "three accounts" for facilities that have been upgraded and upgraded, facilities that have not been upgraded and facilities that have been damaged by water, with one station, one meter, account and sales number, and classified policies. We will promote the establishment and improvement of the operation and maintenance management mechanism of sewage facilities in various places through problem rectification, and strive to achieve a normal operation rate of 90% by the end of 2023 and after 2019.

　　Although some achievements have been made, our province is a big agricultural province, with a large rural population, weak foundation and little security, which needs to be further strengthened. Taking this opportunity, I also hope that all sectors of society will continue to support, care and help the rural domestic sewage treatment work in our province and make the rural construction in our province more beautiful and livable. Thank you!

　　Chang Yiyuan, Director of Press Release Office of Propaganda Department of Provincial Party Committee

　　Thank you for your questions, and thank you for your detailed introduction! That’s all for today’s on-site questions. If you have any other questions you need to know, you can contact the Provincial Department of Ecology and Environment after the conference.

　　Dear friends, a good ecological environment is not only natural wealth, but also economic wealth, which is related to the potential and stamina of economic and social development. Through today’s press conference, I believe everyone knows that the Plan not only provides strategic support for our province to fight for the defense of blue sky, clear water and pure land with high standards, but also has great significance for ensuring the high-quality construction and modernization of Henan during the 14 th Five-Year Plan period. Here, I hope that the news media can continue to pay attention to the construction of ecological civilization in our province, vigorously publicize the highlights and achievements of the construction of a strong ecological province, guide the society to form an ecological protection pattern in which everyone participates and builds together, and create a good atmosphere for building a beautiful Henan where man and nature coexist harmoniously.

　　This concludes today’s press conference. Thank you again, journalists and friends! Thank you publishers! Goodbye.

　

　

　

　　One Hundred Years of Solitude Penguin Edition

　　Not long ago, the topic of whether "Four Great Classical Novels" is suitable for teenagers’ reading triggered a social discussion. In fact, the discussion about famous books has a long history. A question that cannot be avoided in many discussions is: What kind of works can be called masterpieces? On this issue, this newspaper interviewed many experts.

　　The readership is relatively large.

　　I felt it when I was drinking: "till, raising my cup, I asked the bright moon, to bring me my shadow and make us three"; Being in a foreign land can’t help feeling: "lifting myself to look, I found that it was moonlight, sinking back again, I thought suddenly of home"; Even if you are not a literature lover, you may blurt out the classic dialogue in Shakespeare’s Hamlet, "To be or not to be, that is the question".

　　These works have become recognized masterpieces by virtue of their huge readership. Mortimer J. Ejdero, an American educator, pointed out in How to Read a Book that masterpieces have the largest number of readers, and masterpieces have accumulated a large number of readers by time.

　　Take "Four Great Classical Novels" as an example, they have a high degree of popularity and a large readership. According to a set of data recently released by China Edition Library, according to CIP statistics from 2013 to August 2016, the top 10 repeated publications are masterpieces. Among them, 525 were published in The Journey to the West, 492 in A Dream of Red Mansions, 485 in Water Margin and 484 in Romance of the Three Kingdoms.

　　Take Lu Yao’s novel "Ordinary World" as an example. According to the data of the publishing house, by September 2015, "Ordinary World" had sold at least 3 million sets.

　　Enlightening influence

　　"Whether a literary work can be called a masterpiece depends on whether it truly reflects social reality and social problems, and whether people can observe society and history from literary works and then think about it." Dang Shengyuan, secretary of the Party Committee of the Institute of Foreign Literature of China Academy of Social Sciences, told this newspaper that if a book is to become a masterpiece, it should be original and reach a certain ideological depth, thus inspiring readers to think.

　　Mortimer J. Ejdero also believes that masterpieces are the most influential, because they are the most enlightening and instructive, and contain unique insights, which are what predecessors have not said and what predecessors have not said.

　　One Hundred Years of Solitude by Colombian writer Garcí a Má rquez gives many inspirations in literary creation. Mo Yan, a China writer, admits that his literary creation was inspired by Marquez’s magical realism in Latin America. And Marquez himself admitted that his creation was also inspired by Kafka’s Metamorphosis.

　　Cheng Guangwei, a professor at the College of Literature of Renmin University of China, told this newspaper that literary masterpieces can be divided into literary classics and literary history classics; The former has a long artistic vitality, while the latter may be slightly less artistic, but it has great influence in the history of literature, especially in the historical turning point. For example, Liu Xinwu’s novel The Head Teacher, published in 1977, is the first of its kind and has great influence.

　　Of course, masterpieces don’t refer exclusively to literary works. Dang Shengyuan said that if other theoretical and research works want to become masterpieces, they should be able to promote the development of their disciplines with ideological and originality.

　　There is continuity in time

　　"Although different readers and readers in different periods have different criteria for judging masterpieces, masterpieces should have something in common. Mo Yan’s works and Jia Pingwa’s works are still being studied. After twenty or thirty years, these works are still not out of date. " Cheng Guangwei said.

　　Famous works often have continuity in time, and many works have been circulated for decades, hundreds or even thousands of years.

　　The Art of War was written about 2,500 years ago. Zhong Shaoyi, a researcher at the Academy of Military Sciences, believes that some basic orientations of Sun Tzu’s strategic thinking, such as "emphasizing fundamentals", "being prepared for everything" and "striving for total victory", are of reference value for properly coping with the long-term complex situation of national security. Bernabe, president of Italian Eni Company, commented on Sun Tzu’s Art of War, saying that it is a comprehensive textbook on strategy and can still be applied to various human activities today.

　　　　Dang Shengyuan said that the development process of a discipline and a research field is composed of one masterpiece and one masterpiece. China’s literary history of thousands of years is so rich and splendid because there are high-level masterpieces in every stage and era. "Although the achievements of masterpieces in art and thought belong to its birth period, masterpieces may also transcend history and time and space, and can still give people new inspiration and be continuously interpreted after thousands of years of birth. The bestseller is different, and it is likely to disappear after a while. "

　　When it comes to bestsellers, Dang Shengyuan thinks that there are differences between bestsellers and masterpieces in terms of whether the readers are broad or not. Dang Shengyuan said that bestsellers can accumulate a lot of readers in a period of time, while masterpieces are likely not to sell well in a certain period of time.

　　Ejdero also mentioned this point in How to Read a Book. He believed that readers of famous books gathered through time, not for a while, and that famous books were not bestsellers within a year or two, but enduring.

　　Dang Shengyuan believes that, unlike bestsellers, masterpieces may not be paid attention to during their birth, and it will take some time for them to be rediscovered and interpreted. Tao Yuanming’s landscape poems in the Eastern Jin Dynasty were rediscovered only after the rise of landscape poems by Wang Wei and Meng Haoran in the Tang Dynasty. (Li Zeyan Pan Xutao)

According to Cailian News, with the continuous injection of artificial intelligence by various capitals, the supply of high-bandwidth memory (HBM) is in short supply, and global technology giants including NVIDIA, AMD, Microsoft and Amazon are all bidding for the fifth-generation high-bandwidth memory HBM3E of SK Hynix. Recently, HBM’s "rescue" memory chip giant reported that the loss of DS department where Samsung’s electronic storage business is located narrowed in the second quarter, and SK Hynix’s sales in the second quarter exceeded analysts’ expectations. The company said that the expansion of the generative AI market has rapidly pushed up the demand for AI server memory, so the sales of high-end products such as HBM3 and DDR5 increased. Judging from the performance of the secondary market, A-share listed companies with the concept of HBM have also taken advantage of the wind. The stock prices of HBM epoxy plastic packaging supplier Huahai Chengke, HBM agent Shannon Xinchuang and HBM substrate supplier Zhongfu Circuit have increased by 157%, 158% and 136% respectively since May.

Micron Technology has previously stated that the capacity requirements for DRAM and NAND of AI servers are 8 times and 3 times that of conventional servers, respectively. Memory chips can be divided into volatile memory chips and nonvolatile memory chips according to whether data is lost after power failure. DRAM is the most common volatile memory chip, and NAND flash memory chip and NOR flash memory chip are the most common nonvolatile memory chips. According to WSTS statistics, in the memory chip market in 2021, DRAM accounts for 61%, NAND Flash accounts for 36%, and other memory chips account for only 3%.

Oriental fortune securities’s February research report pointed out that DRAM’s market head enterprises are Samsung, SK Hynix, Micron, etc., and Chinese mainland’s representative enterprises include Changxin Storage and Fujian Jinhua. The market head enterprises of NAND Flash are Samsung, Chivalrous, Western Digital, etc., and the representative enterprises of Chinese mainland are mainly Changjiang Storage; NOR Flash’s market head enterprises are Winbond, Wanghong, Zhaoyi Innovation, etc., and Chinese mainland’s representative enterprises are mainly Zhaoyi Innovation.

▌ SK Hynix, Samsung and Micron, the three leading global memory chips, pointed out that the price, supply and demand and space end blew the horn of industry recovery.

HBM is a DRAM product with the fastest data processing speed. It is a DRAM memory chip based on 3D stacking technology. After stacking multiple DDR chips, it is packaged with GPU, which can achieve higher bandwidth, higher bit width, lower power consumption and smaller size. The latest financial report shows that the performance of SK Hynix, Samsung and Micron, the three leading memory chip DRAM, began to rebound. Samsung Electronics 23Q2′ s revenue declined due to the decline in smartphone shipments, but its storage business improved compared with the previous quarter. The official said that it was mainly due to the company’s focus on HBM and DDR5 products; SK Hynix’s sales in the quarter ended June 30 were 7.31 trillion won (about 5.7 billion US dollars), down 47% year-on-year, but exceeding analysts’ expectations of 6.05 trillion won. Although HBM’s revenue in SK Hynix currently accounts for less than 1%, this proportion is expected to rise to 10% this year; Meguiar’s 23Q2 performance rebounded after three consecutive quarters of decline. In addition, the monthly performance of the original factory in Taiwan, China also improved continuously month on month.

The research report released by Pan Chang, TF Securities on July 17th pointed out that recently, the favorable turning point of memory chips has been frequently reported, and the horn of recovery seems to be in our ears. From the perspective of historical cycle, the cycle of the storage industry is about 3-4 years. This cycle starts from 2020Q1, and the price peaks in stages in 2022Q1. At present, the price has been reduced for six consecutive quarters, and it is in the bottoming stage of the cycle.

In terms of price, since Q2 this year, a number of suppliers have issued bottoming signals. First, Samsung and Micron issued a notice to dealers, no longer taking orders from DRAM and NANDFlash at low prices, and refused to accept quotations lower than those in April. In May, it was reported that Samsung Electronics and SK Hynix were considering raising their quotations after the original flash memory of Changjiang Storage officially started to increase its price by 3-5%. In late June, only Samsung was willing to conduct cSSD (Consumer Solid-State Disk) transactions in advance, and the dealers hoped that the suppliers would make concessions, but they were all rejected.

Pan Wei pointed out that on the demand side of supply, Micron announced in June that it expected to reduce production to 2024. Earlier, in 2022Q4, the original factories drastically cut their capital expenditures. If the normal production cycle is 3-4 months, the effect of supply contraction and production reduction will be accelerated in Q2 and Q3. South Asia Branch said that the company had urgent orders in some application fields. Recently, Winbond’s demand for three major applications, such as consumer electronics, television and Internet of Things, has warmed up, and industrial control-related orders have continued to be hot, and customers have rushed in, and there are also a lot of them.

In addition, on the space side, in the short term, the scale of memory chips will increase quarter by quarter, and in the long term, the storage demand under the catalysis of AI is expected to increase several times. On the geopolitical side, overseas manufacturers gradually withdrew from the niche market, and Meguiar’s incident accelerated local substitution.

▌ The memory chip will be reversed or "late" at the bottom. In the two quarters, the organization expects DRAM or NAND Flash to recover the cross-border layout of many A-share listed companies faster.

It is worth noting that at present, the memory chip industry seems to be confirming that it is about to bottom out, but the share price of 76 billion A-share leader Zhaoyi Innovation is "still calm". In fact, the impending reversal has even been "late". Recently, Yole Intelligence, a market research organization, updated a monitoring data report of the memory chip market. In Yole’s original forecast, the global memory chip market will start to recover in the second quarter of 2023, but its latest report points out that there is no need to hold too much hope for the memory chip market in the third quarter of 2023, and it is optimistic that the market will start to pick up in the fourth quarter of this year.

However, Yole is not the only one who predicts that the storage market will recover in the coming fourth quarter. According to Taiwan Province Economic Daily and Science and Technology News, citing the latest report issued by the American market research organization, Micron, Western Digital and other memory chip suppliers think that the product prices have fallen to the bottom, and began to cancel the mode of bulk trading at discounted prices in advance, and even began to raise prices. The survey agency predicts that the decline rate of memory chip prices will narrow from Q3, and the contract prices of some products are likely to rise from Q4. The situation of different product lines is different, and it is expected to fully recover next year.

Judging from the market news, the recovery of DRAM may be faster than that of NAND Flash. TrendForce Jibang Consulting recently estimated that the average price of NAND Flash in the third quarter continued to drop by about 3%-8%, and it is expected to stop falling and rebound in the fourth quarter, and the average price decline of DRAM in the third quarter will converge to 0-5%. The article "The Cold Wind of Memory Chips, Will Stop" published by the semiconductor industry on July 25th pointed out that DRAM bottomed out in the third quarter and NAND waited for another season. Earlier, some people in the industrial chain said that Samsung, SK Hynix and Micron all hoped to raise the contract price of DRAM orders in the third quarter, with a target increase of 7%-8%. However, because the terminal market has not seen obvious signs of recovery, there are obvious signs of seesaw in the upstream and downstream. In terms of NAND, recently, the market also heard that the original upstream NAND factory plans to raise the price from July.

In addition, according to the information of the Internet Office in May, Micron, which occupies a lot of land in China storage market, failed to pass the network security review. Ping An Securities Research Report pointed out that in 2022, Micron’s operating income in Chinese mainland was $3.311 billion. Analysts pointed out that if Micron’s business in China is limited, the niche storage market will naturally benefit first. In the niche storage field with relatively low technical barriers, Zhaoyi Innovation is the fastest growing and strongest company. In addition, Beijing Junzheng, the leader in vehicle storage, and Dongxin, the leader in domestic SLC NAND field, are expected to benefit. In the downstream storage module industry, Jumbo Long and Baiwei Storage also have strong competitiveness in the global market, among which Jumbo Long’s eMMC and UFS products have a global market share of 6.5%, ranking sixth in the world and first in China; The global market share of eMMC and UFS stored by Baiwei is 2.4%, ranking eighth in the world and second in China. The main suppliers of these two companies include Micron.

Analysts pointed out that although the inventory pressure downstream of memory chips is still there, the bottom is just around the corner through the dynamics of major manufacturers and industry analysis data. In order to catch up with the next wave of boom cycle after the turning point of the industry, Wanrun Technology, Liyuan Information, Shannon Core and Guoxin Technology and many other manufacturers have cross-border layouts. However, analysts also pointed out that even if the existing domestic storage companies, such as Zhaoyi Innovation, Beijing Junzheng, Eastcore and Puyan, are counted, most of the domestic storage products are at the SSD module and NOR Flash level, and it is difficult to touch the high-end DRAM and other markets vigorously promoted by international manufacturers, which makes it difficult for domestic storage manufacturers to enjoy the dividend in the incremental market and need to follow the trend in the supply and demand of the storage market.

Original title: Memory chips arrive late in spring? AI ignites demand for HBM to "rescue" the financial reports of giants such as Hynix and Samsung. Can A shares fully blow the "counterattack assembly number"

Editor: Lareina C

Editor: Wu Zhonglan

Audit: Feng Fei

　　CCTV News:According to the "Kaifeng Release" WeChat WeChat official account news, the Office of the COVID-19 Epidemic Prevention and Control Command in lankao county issued a notice on July 24, saying that in view of the fact that there have been two asymptomatic infected people in Covid-19 in lankao county, in order to effectively block the hidden spread of the epidemic and protect people’s health and life safety, after research by the COVID-19 Epidemic Prevention and Control Command of the county, it was decided to carry out all-staff nucleic acid testing throughout the county. The relevant matters are hereby notified as follows:

　　I. Sampling time

　　July 24 -26.

　　Second, the sampling object

　　All residents in lankao county area (including local permanent population, temporary population, temporary floating population, foreign population, etc.).

　　Third, the sampling location

　　Sampling points are divided into fixed sampling points and mobile sampling points. Residents are requested to take part in sampling at the sampling point in their place of residence in principle according to the organization arrangement of village (community) staff, and can take samples at the workplace after reporting to the village (community) in special circumstances.

　　Fourth, special notice

　　(1) The residents are requested to actively cooperate with the sampling staff to do a good job in sample collection. The public security organs will strictly investigate the legal responsibilities of those who refuse to cooperate with or support the nucleic acid detection work, disturb the order, conceal, falsely report or falsify information.

　　(2) Do personal protection during the period of participating in nucleic acid sampling, wear a mask all the time, take the initiative to accept temperature detection, and keep a distance of more than one meter to avoid gathering and talking with each other, and effectively prevent cross-infection during sampling.

　　(3) During the whole staff’s nucleic acid testing period, the residents in the county do not have to leave Lanzhou and do not flow unless necessary.

▲ On-site signing. Reporter Zhang Yizhu photo

On July 13th, Chongqing Institute of Artificial Intelligence of Shanghai Jiaotong University officially released the "Zhaoyan" large model in the West (Chongqing) Science City, which is also the first large language model independently developed in Chongqing.

With the global fire of ChatGPT, the big model has become the hottest topic at present, and 2023 will also become the year of big model generate. Statistics show that hundreds of large models have been released around the world, and more than 80 large models have been released in China since this year.

"The previously released general model represented by ChatGPT has some pain points in the industry, such as lack of domain knowledge, inaccurate system calls, and high deployment costs." Jin Shi, dean and chief scientist of Chongqing Institute of Artificial Intelligence of Shanghai Jiaotong University, said that for example, the general big model is like a "generalist", but due to the lack of professional knowledge and industry data accumulation, its industry depth is not enough, and the system call is not accurate, so when answering some highly professional questions, it may be "talking nonsense in a serious way".

"Zhaoyan" is committed to building a big model of the industry, just like a "professional". It is developed by Chongqing Institute of Artificial Intelligence of Shanghai Jiaotong University based on the world’s leading AI big model technology. By accumulating massive data, supplemented by unique data processing and AI training technology, it can achieve accurate and professional text output, and can realize the ability to select and call applications in natural language, helping to create personalized intelligent products.

"Does Jiangzhou in this Jiujiang official. My blue sleeve was wet mean Chongqing?" On the same day, the press conference demonstrated "Zhaoyan" and compared it with well-known large models in the industry.

The Chongqing Daily reporter saw that the "Zhaoyan" answer not only introduced the historical relationship between the name Jiangzhou and Chongqing, but also did not confuse Chongqing and Jiujiang, knowing that Jiangzhou is Jiujiang now. But another big model gives the wrong answer.

▲ Jin Shi, Dean and Chief Scientist of Chongqing Institute of Artificial Intelligence of Shanghai Jiaotong University, introduced the "Zhaoyan" big model. Reporter Zhang Yizhu photo

"’mega-words’ means’ mega-words accumulate and speak out in chapters’." Jin Shi said that this not only expresses that the process of creating a large model involves the collection and processing of massive data, that is, "mega-text accumulation", but also expresses that the large model can achieve high-precision and professional-level text output, that is, "speak out" and let people get the information they really need.

In addition, the research and development of "Zhaoyan" also focuses on miniaturization deployment. Through distillation learning, model compression and special reasoning chip, the cost of model training and reasoning is greatly reduced. For specific tasks in the industry, the quality of answers is not reduced, while the cost of model call is only one-fourth of that before miniaturization, so that more small and medium-sized enterprises can also apply large models and make model-based products more competitive in the market.

"To sum up,’ Zhaoyan’ has three characteristics: high precision, high efficiency and low cost, and better empowers manufacturing, medical care, finance, cultural tourism, law, service and other industries." Introduction of Jinshi. For example, in the medical field, "Zhaoyan" can provide medical assistance and improve the quality and efficiency of medical services by deeply learning medical data.

"In the past, medical services were limited by doctors’ professional knowledge and experience, and the consultation response speed was slow and the service quality was limited." For example, he said that "Zhaoyan" can deeply learn medical records and symptom descriptions, provide comprehensive and accurate diagnosis and treatment suggestions, and improve the response speed and quality of medical services.

▲ The press conference site. Reporter Zhang Yizhu photo

At the press conference, Chongqing Institute of Artificial Intelligence of Shanghai Jiaotong University also signed contracts with Huayuan Computing Technology (Shanghai) Co., Ltd., Chongqing CCID Engineering Consulting Co., Ltd., Chongqing Yucun Technology Co., Ltd., China Mobile Communications Group Chongqing Co., Ltd., Beijing last romance Media Technology Co., Ltd. and Chongqing Saibao Industrial Technology Research Institute Co., Ltd., which will give full play to their respective advantages and promote the application of large-scale model technology in different industry scenarios such as manufacturing, finance, cultural tourism, education and medical care.

In the future, Chongqing Institute of Artificial Intelligence of Shanghai Jiaotong University will continue to optimize and upgrade in the vertical field of the industry according to the demand of Chongqing’s industrial layout, and apply "Zhaoyan" large model products to various fields to help the construction of the western (Chongqing) science city and the development of Chongqing’s digital economy.

Chongqing Daily client reporter Zhang Yizhu

Original title: Its name is "Zhaoyan"! Chongqing’s first self-developed large language model was officially released.

Editor: Rao Zhimei

Editor: Wu Zhonglan

Audit: Feng Fei

　　It’s been a week since June 18, and when the June 18 war resumed, Juhua, which was fully restarted in March this year, became the biggest dark horse that suddenly emerged. The data shows that during the Tmall 618 period, the cost-effective year-on-year transaction growth reached 86.5%, and the year-on-year order growth was 106%.

　　According to Alibaba, poly-cost-effective led to one-third of Tmall 618 transactions. According to the special report released by the authoritative Internet information service provider Analysys International on June 20th, Tmall’s market share during the promotion period was more than twice that of JD.COM and Pinduoduo combined, and one company accounted for nearly two-thirds of the total market share.

　　Source: Analysys

　　The above picture shows the GMV comparison among different platforms very intuitively. The GMV of Taobao Tmall is 100, while that of JD.COM and Pinduoduo is 32.7 and 9.9 respectively. Poly-cost-effective leads to one-third of the transactions, which means that its index of leading transactions reaches 33, which is higher than that of JD.COM and Pinduoduo. More directly, a single gathering is cost-effective, and the turnover during Tmall 618 exceeded three Pinduoduo. In this year’s 618 War, the pattern of the sinking market has been rewritten. As an amoy department, Juhua rushed into the sinking market and gained a lot of advantages in the sinking market.

　　On June 25th, Alibaba "officially announced" the overall growth of Tmall 618. Jiang Fan, president of Tmall, revealed at the launch conference of Tmall flagship store version 2.0 that the physical GMV of Tmall 618 increased by 38.5% year-on-year, and the DAU (daily active user) of mobile phone Taobao also increased by 29% year-on-year during Tmall 618.

　　Caption: Jiang Fan, president of Tmall, was at the launch of version 2.0 of Tmall flagship store.

　　JD.COM did not disclose GMV figures, but the so-called "order amount". According to the figures published by JD.COM, the year-on-year growth of the order amount is only 26.5%, which is 12 percentage points lower than that of Tmall. As the largest e-commerce platform in the whole network, the growth rate of Tmall is also significantly ahead of competitors such as JD.COM. The ultra-high-speed growth of poly-cost-effective has further consolidated the dominant position of Amoy in the whole market.

　　The cost-effective "revival" has also injected important traffic growth into mobile phone Taobao. The year-on-year growth rate of DAU of Hand Amoy is 29%, which is the highest since 2017. It also shows that it is cost-effective to tap the incremental population mainly based on the following heavy market users. Data from traffic monitoring third-party organizations such as Aurora Big Data and Questmobile all show that during the period of 618, the number of DAU (Daily Active Users) of mobile phone Taobao was in an absolute leading position, far exceeding other competitors.

　　Win the sinking market

　　A prominent feature of 618 this year is that "sinking market" has become a battleground for military strategists. In March this year, the comprehensive and cost-effective restart profoundly changed the war situation of 618 this year. Jiang Fan revealed a figure that 49% of Tmall 618′ s purchase users came from the 4 th, 5 th and 6 th tier cities.

　　The research of Aurora Big Data shows that although the penetration rate of mobile phone Taobao in third-tier and below cities is slightly lower than that in first-and second-tier cities, it is still as high as 54.8%, which is significantly higher than that in Pinduoduo (39.5%) and JD.COM (22.3%). It is the only mainstream e-commerce software with a penetration rate of over 50% in third-tier and below cities. The DAU index of Taobao’s sinking market in the third line and below is more than twice that of Pinduoduo.

　　In fact, before the start of Tmall 618, Alibaba began to deploy troops to strengthen the cost-effectiveness. Although Juhua was once an independent business unit of Amoy Department, it was merged into Tmall at the end of 2016. At the beginning of this year, Juhua became independent from Tmall and became a unified marketing platform for Taobao and Tmall, namely the marketing platform business unit. It is also known as Daju Cost-effective business unit.

　　The new big gathering cost-effective covers the core marketing tools of Taobao, such as gathering cost-effective, rushing to buy, selling every day, etc. These business lines occupy almost half of the "half of the country" in the new edition of the hand-scouring six squares.

　　Amoy is one of the most important goals of this year’s 618 strategy, which is to maximize the enthusiasm of users in the sinking market. Alibaba’s "618" this year is "the biggest investment in history" comparable to double 11’s, and the breakthrough has chosen to gather cost-effectiveness. The biggest game of "Ten Million Explosive Groups" is to maximize the marketing explosive power of the poly-cost-effective sale model.

　　According to Alibaba, during Tmall 618, there were more than 180 million transactions and explosions, more than 4,700 million transactions and more than 4,200 items with sales exceeding 10,000 pieces, making it easy to achieve the small goal of "10 million explosion groups and 100 million explosion groups every day". The "Ten Million Explosive Groups" directly promoted the high growth of poly-cost-effective transaction volume. During the period of 618, the growth rate of poly-cost-effective transaction volume reached 89% year-on-year, and the number of users and purchases in third-and fifth-tier cities both increased by more than 100% year-on-year.

　　Jiang Fan said at yesterday’s press conference: "The reason why Juhua can make such progress in just a few months is because it has returned to the original intention of ten years ago, that is, helping consumers find the best-priced goods in the whole network and helping businesses get customers with the most efficient marketing."

　　The best tool for brand customers.

　　Poly cost-effective comprehensive restart, and further become the brand’s best customer acquisition tool. Before Tmall 618, Juhua clearly put forward the goal of "bringing 300 million new customers to the brand", which was finally successfully achieved.

　　This year, 128 brands of Tmall 618 were among the "Billion Club". More than 100 brands such as CPB, L ‘Oré al, Watsons, Dr. Chengye, Telunsu and Peak surpassed double 11 last year, and the sales performance of some brands reached 40 times that of double 11 last year. In this promotion, almost all the brands that became the "Billion Club" participated in the cost-effective activities.

　　As the "biggest investment in history", 618 strives to convey "affordable" mind to consumers. The original price of Dyson hair dryer is nearly 3000 yuan, and 88VIP discount is added to the poly-cost-effective subsidy coupon, and the hand is as low as 1854 yuan. The brand with the original price of 1499 is bigger than an air conditioner, and it will be subsidized after the direct drop, and the hand price is 859 yuan. On June 18 th, Juhua launched the iPhone XR 618 yuan spike, which was less than 10% off the original price, causing the whole network to snap up. The investment of real money has undoubtedly greatly strengthened the influence of poly-cost-effectiveness on the consumer side.

　　Tmall is the brand’s favorite new product release platform. During this year’s Tmall 618, 80% of the core brands released new products on Tmall. With Tmall’s powerful data and operational capabilities, brands can also aggregate consumer information, understand consumer preferences, conduct new product research and development, and create "explosive models".

　　How to make "explosive models" sell better? Tmall has a set of marketing methodology. In Jia Luo’s view, the sale model is a means to help brands reach new customers as quickly as possible. In fact, there is also a very strong demand for branded goods in the sinking market. Brand goods with high cost performance can also "suck powder" quickly once they reach the sinking market. The long-term accumulated ability of Juhua has played a role in this respect. Before Juhua regained its independence from Tmall, it brought considerable business opportunities to the Tmall brand. In 2018, 80% of the brands that participated in Juhua came from new buyers, and the ability of Juhua to "pull new" can be seen. After the further restart, it was cost-effective, and the killer weapon of "Laxin" was used to the extreme. On June 25, the average growth rate of 400 brands participating in the launch of Tmall flagship store was as high as 47% during Tmall 618.

　　Empowering industrial belt to create new supply

　　The data shows that Handamoy has always been the largest shopping APP with the highest penetration rate in China, with more than 700 million consumers on this platform, with rich and diverse needs. How to meet their more and more diverse preferences, Amoy needs to work hard on the supply side.

　　The breakthrough of Tao department selection is still a good deal. In addition to bringing new customers to traditional head brands, Juhua has set its sights on small and medium-sized businesses on the platform. Through their digital transformation, they can provide more high-quality and affordable products, which can meet the diverse needs of consumers and create more business growth for middle-aged businesses.

　　Poly-cost-effective phase of the industry with businesses. In this year’s Tmall 618, a large number of small and medium-sized brands have entered people’s sight through Taobao, such as Yage electric mosquito swatter, Miaoyou children’s socks, Yi Enbei wet wipes, plant protection paper products, Fupai electric toothbrush, and Caramella socks. Although they don’t have the star aura of international brands, they are favored by consumers with high quality and low price. The reason behind it is also very simple. They have entered a cost-effective industrial belt support plan.

　　As a big manufacturing country, China manufacturers have strong production capacity, forming various types of industrial belts such as digital accessories, electric toothbrushes, socks and paper towels. Many industrial belt manufacturers have long been OEM for well-known brands, but they lack their own brands. The daily sale of Juhua’s products fills the shortcomings of industrial belt merchants in operation, technology and brand ability, which can not only help them upgrade their products by digital means, but also solve the sales channels of their goods.

　　On the other hand, when these industries bring merchants to the front desk, many categories of consumption upgrades have successfully reached the sinking market for the first time. For example, the electric toothbrush, a typical "consumption upgrade" commodity, was sold in the sinking market during Tmall 618. Fupai, an electric toothbrush brand in Taizhou, Zhejiang Province, sold 14,051 pieces in one minute after the opening of 618, and sold 400,000 pieces in 16 hours. Juhua cost-effectively pushed the industrial belt merchants and successfully awakened the upgrading needs of consumers in the sinking market. The industrial belt merchants also successfully won 466 million orders during the period of 618.

　　Observing this year’s 618, the strong rise of poly-cost-effective is the most noteworthy phenomenon. To some extent, the battle of sinking market has been rewritten. Juhua Cost-effective, by its own efforts, has driven more transactions than the whole platform in JD.COM and Pinduoduo, which means that it has become the natural choice for users in the sinking market.

　　For consumers, the "cost-effective" mentality has been established, and strong consumer insight and price competitiveness have greatly enhanced the user stickiness of the cost-effective platform. On the other hand, poly-cost-effectiveness has also become the integration of "Alibaba’s commercial operating system", which can effectively empower different types of businesses. The top brands can get more new customers through poly-cost-effectiveness, and the middle-waist businesses can also realize their own product evolution and brand upgrade through poly-cost-effectiveness.

　　The key for Amoy Department to maintain its own competitiveness lies in creating new supply for consumers so as to meet their new demands. And poly-cost-effectiveness is the key link, and it has withstood the test in the 618 War.