The yield of US Treasury bonds hit a new high for many years, which may have an adverse impact on global financial and trade stability.

CCTV News:The yield of us treasury bonds has hit new highs for many years. Experts said that the bond yield is inversely proportional to the bond price. Recently, the medium and long-term US bond yield has risen sharply, which has also led to a significant decline in the price of US Treasury bonds in the corresponding period. This reflects that the market believes that the high inflation situation in the United States may last longer.

The data shows that as of October 6, local time in the United States, the yields of 3-month, 2-year, 5-year, 10-year and 30-year US Treasury bonds increased by 7 basis points, 23 basis points, 52 basis points, 69 basis points and 75 basis points respectively compared with the end of August. Among them, the yield of 5-,10-and 30-year US Treasury bonds has risen to a new high in the past 16 years, and the yield of 2-and 3-month US Treasury bonds has reached the highest level in the past 17 years and 22 years.

Wen Bin, Chief Economist of China Minsheng Bank:Influenced by inflation expectations and other factors, since mid-May this year, the yield of U.S. government bonds with various maturities has generally increased. With the recent imbalance between supply and demand in the U.S. government bond market, the price of government bonds with various maturities has declined to varying degrees, and the yield of U.S. government bonds with various maturities has hit new highs for many years.         

Reflecting the financial market’s concern about the Fed’s continued high interest rates.

At the same time, the long-term and short-term yields of US Treasury bonds are upside down. The yield of 2-year and 10-year US Treasury bonds has been upside down for 15 months, and the maximum upside down rate was as high as 108 basis points. The yield of 3-month and 10-year US Treasury bonds has been upside down for 11 months, and the maximum upside down rate was as high as 189 basis points.

Wang Qing, Chief Macro Analyst of Oriental Jincheng:The core factor affecting the interest rate trend of short-term treasury bonds is monetary policy and expectation, which means that the market judges that it is unlikely that the Fed will continue to raise interest rates in the short term. The yield of medium and long-term treasury bonds is mainly linked to fundamental factors such as inflation level and economic growth. The current situation shows that the market believes that the high inflation situation in the United States will last longer, and it is expected that the Fed will postpone the interest rate cut next year.

At present, there is an imbalance between supply and demand in US Treasury bonds.

In the third quarter of this year, the net issuance of US Treasury bonds exceeded US$ 1 trillion, a record high in the same period. It is estimated that the net issuance of US Treasury bonds will reach US$ 850 billion in the fourth quarter. However, on the demand side of US Treasury bonds, as the Federal Reserve keeps high interest rates and reduces the purchase scale of US Treasury bonds, the number of buyers of US Treasury bonds decreases. The imbalance between supply and demand is constantly pushing up the yield of US Treasury bonds, bringing down the bond price.

       Lu Zhe, Chief Economist of Debon Securities:Since the second half of this year, the issuance of U.S. Treasury bonds has increased significantly, and the Fed has continued to shrink its balance sheet, that is, the Fed sells U.S. Treasury bonds in the market, especially medium-and long-term varieties of Treasury bonds, which has brought about an obvious imbalance between supply and demand in the U.S. Treasury bond market, which has also aggravated the rise in the yield of U.S. Treasury bonds and the decline in prices.

It will continue to have an impact on global financial and trade stability.

With the recent rise in the yield of US bonds, the financial market has fluctuated greatly. Experts said that in the long run, this situation will adversely affect global financial and trade stability in the future. 

The yield level of national debt plays an important role in the asset pricing of financial markets. Recently, there have been obvious fluctuations in financial markets from the United States to the world. The US dollar index remained at a high level, and non-US currencies were generally under pressure.

Concerns that the Fed will "keep higher interest rates for a longer period of time" are spreading to the global financial markets, and the yields of European government bonds, including Britain, France and Germany, have generally increased. Experts said that the return of global capital to the US and European markets has also brought external pressure to emerging economies, especially countries with heavy debt burdens.

Wen Bin, Chief Economist of Minsheng Bank:Recently, the yields of government bonds in many developed economies have risen to varying degrees. In addition to the common fundamental factor of high inflation, the spillover effect of rising US Treasury yields is also an important reason. The longer the yield of US Treasury bonds stays at a high level, the more likely it will have a greater impact on global financial stability.

In addition, according to the latest forecast of the World Trade Organization, in 2023, the global merchandise trade volume will only increase by 0.8% year-on-year, which is lower than the 1.7% forecast in April and far lower than the average annual growth rate of 2.6% since the financial crisis.

Wang Qing, Chief Macro Analyst of Oriental Jincheng:High interest rates will aggravate the economic slowdown in developed economies, leading to a decline in the import demand for goods and services in developed economies, and thus global trade will continue to be dragged down, which will slow down the pace of global economic recovery.

Since last year, the enthusiasm of global central banks to buy gold has continued to rise. According to the data of the World Gold Council, central banks bought 77 tons of gold in August and 219 tons in the past three months. Due to the sharp rise in the yield of US Treasury bonds, the performance of the US dollar index is relatively strong. Since late September, the international gold price has declined to some extent.

Lu Zhe, Chief Economist of Debon Securities:Since last year, concerns about geopolitical conflicts, inflation hedging and long-term value preservation have prompted global central banks to increase their gold purchases and reserves. The international gold price is denominated in US dollars, and the yield of US Treasury bonds has risen sharply, pushing up the US dollar, which will inevitably bring downward pressure on the international gold price. However, when the yield of US Treasury bonds continues to rise and the price drops sharply, many countries are increasing their purchases of gold for the sake of asset preservation.

"China Family Wealth Survey Report 2019" was released: the proportion of real estate with per capita property exceeding 200,000 is still high.

  In 2018, the per capita property of Chinese families was 208,883 yuan, an increase of 7.49% compared with 194,332 yuan in 2017, and the growth rate was higher than the per capita GDP growth rate (6.1%).

  The net worth of urban households accounts for 71.35% of the family’s per capita wealth, while that of rural households accounts for 52.28%. 93.03% of households own a house.

  The financial assets allocation structure of Chinese households is single, and they are still concentrated in cash, demand deposits and time deposits, accounting for nearly 90%. Preventive needs such as medical care, old-age care and children’s education are important factors in family savings. More than 60% of the respondents are risk-averse.

  Over the past 40 years of reform and opening-up, China’s urban and rural per capita disposable income has grown substantially, and at the same time, the capital market has developed rapidly, and asset allocation has become an important part of family investment decisions. As one of the important manifestations of unbalanced development, the gap between income and property has become the focus of social attention. "China Family Wealth Survey" involves four sections: household members’ information, household income, expenditure and property, family economic status and life attitude. It focuses on the in-depth investigation of household wealth from the perspectives of urban-rural differences, asset allocation, investor characteristics and investment channels.

  Asset allocation and wealth gap are closely related to China’s economic and social development. The high proportion of real estate, single financial asset structure and high precautionary savings all run counter to the expansion of domestic demand, resulting in weak domestic demand growth. A single asset structure is more difficult to resist asset risks, which is not conducive to the stable growth of residents’ property. The larger wealth gap also has a negative impact on labor supply and production investment. In view of this, it is necessary to introduce practical policies to effectively change the current situation of unreasonable asset allocation and widening wealth gap, change residents’ investment expectations and narrow the wealth gap.

  There is a big gap between urban and rural family property.

  According to the survey report, the per capita property of Chinese households was 208,883 yuan in 2018, an increase of 7.49% compared with 194,332 yuan in 2017, and the growth rate was higher than the per capita GDP growth rate (6.1%). There is a big gap between urban and rural family property. In 2018, the per capita property of urban and rural families was 292,920 yuan and 87,744 yuan respectively, and the per capita property of urban families was 3.34 times that of rural areas, and the per capita property of urban families grew faster than that of rural areas.

  There are some differences in property composition between urban and rural residents. Judging from the property structure of Chinese households, real estate accounts for 70%, the net value of urban households accounts for 71.35% of the family’s per capita wealth, and the net value of rural households accounts for 52.28%. The source of per capita wealth growth shows that the increase of net property value is an important factor for the increase of per capita wealth of families in China, and the increase of net property value accounts for 91% of the increase of per capita wealth of families. Therefore, urban households with higher net worth of real estate will gain more wealth accumulation from the substantial increase of net worth of real estate.

  There are also obvious differences in the housing composition between urban and rural residents. Rural households mainly build their own houses, accounting for 53.18%, only 21.81% buy new commercial houses and 6.73% buy second-hand houses. Urban households mainly buy new commercial housing, accounting for 36.26%, while self-built housing accounts for only 24.43%, self-built housing accounts for half of rural households, and the proportion of buying second-hand housing is 10.97%. Under the background that the transaction of rural residents’ homestead has not been fully liberalized in China, compared with self-built housing, new commercial housing and second-hand housing have higher value. At the same time, the growth of China’s net real estate value is mainly reflected in new commercial housing and second-hand housing. Therefore, the difference between urban and rural residents’ net real estate value reflects the difference in housing composition between urban and rural residents to a certain extent.

  The financial investment structure continues to be single.

  With the development of capital market, the investment channels of urban and rural residents are greatly enriched, but from the actual investment share, the financial asset structure of Chinese residents is still single, especially for rural residents, which is consistent with the very low proportion of property income in China’s macro distribution pattern. The capital market needs to be further improved to promote the diversity of financial assets of urban and rural residents, and then improve the property income of urban and rural residents.

  According to the survey report, the distribution of financial assets of households is still concentrated in cash, demand deposits and time deposits, accounting for 88%, close to 90%. Among the 35 OECD countries for which data are available, only 8 countries have deposits and cash accounting for more than 50% of household financial assets, and only 3 countries have this proportion exceeding 60%; Among the Nordic countries with wide coverage of social welfare and social security, Sweden, Denmark, Finland and Norway account for 19.34%, 19.95%, 31.14% and 38.75% of household financial assets respectively, all of which are at a low level. A single financial asset structure is not conducive to the balance of asset risks of households, and it is difficult to maintain and increase the value.

  Judging from the self-evaluation of risk attitude and risk tolerance, residents with risk aversion attitude account for the majority. It is not difficult to understand that the financial assets structure of residents’ families is characterized by simplification when they are mainly risk-averse and have strong risk aversion motives.

  In this round of family wealth survey, respondents rated themselves on their risk tolerance, with 0 indicating the minimum risk tolerance and 10 indicating the maximum risk tolerance. The statistical results show that 32.81% of the respondents have a self-rated risk attitude of 0, which is the highest proportion among all the scores, indicating that the group with almost no risk tolerance accounts for the largest proportion; Only 6.78% of the respondents rated their risk attitude as 6 or above; The proportion of risk averse people with a self-rated risk of 3 or less is as high as 70.33%.

  Measuring the family’s risk tolerance according to the degree that the family can bear the loss of investment principal also shows that most families are risk-averse. 5.57% of households can bear the loss of more than 50% of the investment principal, 8.66% can bear the loss of 20% to 50% of the principal, 21.01% can bear the loss of less than 10% of the principal, and as many as 64.76% can’t bear the loss of the principal, which shows that more than 60% of households are extremely risk-averse. At the same time, most urban residents with high per capita wealth are also risk-averse, and the proportion of urban families who cannot bear the loss of principal exceeds 50%, reaching 55.2%; The proportion of rural families is as high as 83.88%.

  Higher preventive demand has pushed up the savings ratio and reduced the investment share of other financial assets. According to the survey results, the main reasons for household savings in China are: "coping with emergencies and medical expenses" accounting for 48.19%, "preparing for old-age care" accounting for 36.78%, "preparing for children’s education" accounting for 23.97%, "other reasons" accounting for 20.57%, and "unwilling to take investment risks" accounting for 13.82%. The main reasons for urban and rural household savings are basically the same. Preventive saving for medical care, old-age care and children’s education has become the main motivation of saving, which shows to some extent that China’s social security system needs to be improved to reduce residents’ demand for preventive saving. Higher preventive savings lead to the simplification of financial assets structure, and it is also not conducive to expanding domestic consumption demand.

  Real estate forms "crowding out" effect.

  Generally speaking, family investment has a certain order, and after one investment reaches a certain level or condition, the next investment will be carried out. The ownership rate and appreciation range of real estate in China make real estate investment the first choice for family investment funds, thus reducing the share available for financial asset investment.

  China’s households have a high housing ownership rate. From the perspective of residents’ wealth, the family wealth survey focuses on whether the interviewed families own houses, not whether they own houses in their current residence. According to the survey data, 93.03% households own one set of housing, 3.82% households own two or more houses, and only 3.14% households have no housing. The average number of self-owned houses in the country is 1.02, that is, each family owns one house on average.

  The rapid growth of net property value has boosted the enthusiasm of family real estate investment. From the perspective of family wealth structure, the family property structure has not changed much, and the proportion of net property value remains high; Moreover, the increase of family property is largely caused by the increase of net property value. As can be seen from the report, 91% of the increase in family per capita property comes from the increase in net property value. In addition, compared with the national average household property growth rate of 7.49%, the growth rate of net property is close to 10.3%, and the proportion of net property in total household property is further increased.

  In recent years, housing prices are in a sustained growth trend. According to the survey data, the net value of real estate is also increasing, which makes households form the expectation that housing prices will continue to rise. Although this expectation is blind, the investment decision of households is still mainly based on past experience. Contrary to the real estate market, the financial market has strong volatility, which affects the asset allocation choice of households and makes them more inclined to invest in real estate.

  There are group differences in financial investment.

  The survey results show that families with low financial literacy are more likely to face higher investment risks, so they choose to stay away from financial investment. High-income, highly educated groups usually have higher financial literacy and better understanding of relevant financial knowledge and information. In addition, they have higher income and assets, and they can invest in financial assets on the basis of meeting real estate and preventive needs, so the assets are richer in content, and they can make investment decisions more easily and get benefits from them.

  With the increase of disposable income, the net value of per capita property owned by families has gradually increased. If residents are divided into 10 equal groups according to per capita disposable income, and then the differences of per capita real estate value in different income groups are investigated, it can be found that the per capita real estate net worth of households with the lowest per capita disposable income is only 41,406.346 yuan; The per capita net worth of households in the highest per capita disposable income group reached 441,735.8 yuan, 10.66 times that of the lowest per capita group. The original value and present value of per capita real estate basically show a trend of increasing with the increase of per capita disposable income, and the debt balance and debt ratio of real estate also increase with the increase of per capita disposable income of families.

  In recent years, people have formed an expectation of rising house prices in the future, and the assets allocated to real estate by families with different income levels are increasing. Because high-income families have stronger purchasing ability and financing ability of real estate, the debt ratio and leverage ratio of real estate are also higher.

  With the improvement of income level and educational background, the scale and structure of household financial assets show different characteristics. With the improvement of income level, the per capita cash, demand and time deposits of families have increased, and the growth rate is getting bigger and bigger. The per capita cash, demand and time deposits of the families with the highest per capita disposable income are 4.64 times and 3.86 times that of the families with the lowest per capita disposable income, respectively. It is worth noting that with the increase of income level, the investment share of residents’ demand and time deposits continues to decline, while the proportion of investment in savings insurance, national debt, stocks, funds, futures, loans, other financial assets and the balance of foreign currency financial assets gradually increases; With the improvement of educational level, the proportion of current and time deposits held by families has also shown a continuous downward trend.

  Internet finance "urban and rural differences"

  Internet finance is a typical representative of the "internet plus" model, which can reduce transaction costs and thus stimulate users’ financial needs, which has caused a huge impact on traditional finance.

  The survey report shows that the most important function of Internet finance is consumer payment. No matter in the whole country or in urban and rural areas, consumers who have used the Internet consumption payment function far exceed the people who invest and finance through the Internet; Among them, there are obviously more groups who have used the financial investment function of the Internet than those who have raised funds through the Internet. In consumer payment, the use of Internet financial platform has gradually increased with the growth of family wealth, and the use of Internet financial investment means is far less common than Internet consumer payment means. At present, ordinary people still have some doubts about the safety of Internet financial investment, and the function of Internet financial investment needs to be further explored.

  Relatively speaking, people are less familiar with the Internet financing platform. With the further development of Internet technology, through the application of new technologies such as big data, cloud computing and blockchain, the Internet financing platform has alleviated the problem of information asymmetry to a certain extent. Coupled with fast loan repayment procedures and flexible and convenient loan repayment period, the Internet financing function has developed rapidly in recent years. However, at present, Internet financing lacks iconic products in the fields of consumer payment and financial investment, such as Alipay, WeChat payment and Yu ‘ebao, and the popularity of various products is not high enough, and the utilization rate is relatively low.

  In addition, the usage rate of Internet financial instruments is higher in developed regions. In cities and towns, more than 70% of respondents use the internet to pay; In rural areas, the proportion is less than 30%. The data shows that the proportion of residents using Internet payment methods in the eastern region is close to all urban residents, and the proportion of groups using three or more Internet payment methods is significantly higher than others, and the proportion of groups using two Internet payment methods is also higher than that using only one Internet payment method. The proportion of Internet payment in the central and western regions is far from that in the eastern region, and urban residents with relatively high financial literacy have gained more convenience from Internet finance.

  (Source: Economic Daily, Family Wealth Research Group of China Economic Trend Research Institute)

The person in charge of the solid waste and chemicals department of the Ministry of Ecology and Environment answered the reporter’s questions on the work plan for the construction of a "waste-free cit

  Recently, the Ministry of Ecology and Environment, together with the Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Finance, the Ministry of Natural Resources, the Ministry of Housing and Urban-Rural Development, the Ministry of Agriculture and Rural Affairs, the Ministry of Commerce, the Ministry of Culture and Tourism, the Health and Wellness Commission, the People’s Bank of China, the State Administration of Taxation, the General Administration of Market Supervision, the Bureau of Statistics, the State Administration of Taxation, China Banking and Insurance Regulatory Commission, the Post Office, and the National Federation of Supply and Marketing Cooperatives, jointly issued the "Waste-Free City" In view of the background, significance, general requirements, main tasks and safeguard measures of the Work Plan, the head of the Solid Waste and Chemicals Department of the Ministry of Ecology and Environment answered the reporter’s questions.
  Q: What is the background of the Work Plan?
  A:The CPC Central Committee and the State Council attached great importance to the prevention and control of solid waste pollution. Since the 18th National Congress of the Communist Party of China, the CPC Central Committee with the Supreme Leader as the core has placed ecological civilization construction and ecological environment protection in a prominent position in governing the country, and paid unprecedented attention to the prevention and control of solid waste pollution. General Secretary of the Supreme Leader has repeatedly given relevant important instructions, presided over meetings to study and deploy the reform of the management system for solid waste import, the classification of domestic waste, and the treatment of plastic pollution, and personally promoted the relevant reform process.
  In order to explore the establishment of a long-term system and mechanism with low solid waste production intensity, high recycling level, less landfill disposal and less environmental risk, and promote the modernization of the governance system and governance capacity in the field of solid waste, in early 2018, the Central Committee for Deep Reform included the pilot work of "Waste-free City" in its annual work points; In December of the same year, the General Office of the State Council issued the "Pilot Work Plan for the Construction of a Waste-free City", and the pilot work for the construction of a waste-free city was officially launched. After more than two years of exploration, the pilot work has achieved the expected results.
  In November, 2021, "Opinions of the State Council, the Central Committee of the Communist Party of China on Deepening the Fight against Pollution" clearly proposed to steadily promote the construction of a "waste-free city". In order to implement the decision-making arrangements of the CPC Central Committee and the State Council and guide all localities to do a good job in building a "waste-free city", the Ministry of Ecology and Environment, together with the Development and Reform Commission and other 17 departments and units, formulated the Work Plan.
  Q: What achievements have been made in the pilot work in the early stage of building a "waste-free city"?
  A:
  At the same time, through the pilot project of "waste-free city" construction, we have built a set of index system, solved a number of shortcomings and weaknesses, and formed a number of replicable promotion models, which have accumulated experience and explored the path for the in-depth development of "waste-free city" construction nationwide.
  Q: What is the relationship between the construction of a "waste-free city" and the high-quality development of the city?
  A:"Waste-free city" is an advanced urban management concept. "Waste-free city" does not mean that there is no solid waste, nor does it mean that solid waste can be fully utilized as resources. Instead, it refers to an urban development model that takes the new development concept as the guide, promotes the formation of a green development mode and lifestyle, and continuously promotes the source reduction and resource utilization of solid waste, minimizing the amount of landfill and minimizing the environmental impact of solid waste. During the pilot period, the "11+5" pilot cities will consider solid waste management and economic and social development as a whole, and treat solid waste comprehensively, systematically and at the source from the urban level, so as to promote the cities to make remarkable progress in accelerating the formation of spatial pattern, industrial structure, production mode and lifestyle of resource conservation and environmental protection. The pilot practice shows that the construction of "waste-free city" is helpful to accelerate the transformation of urban green and low carbon, promote the high-quality development of the city and create a high-quality life with high-level protection.
  Q: What is the relationship between the construction of a "waste-free city" and the in-depth fight against pollution?
  A:The construction of a "waste-free city" is an inherent requirement for deepening the battle against pollution. On the one hand, the prevention and control of solid waste pollution itself is an important part of the fight against pollution, and the construction of "waste-free city" is an effective starting point to improve the level of solid waste pollution prevention and control. China’s industry, life, agriculture, construction and other fields produce more than 11 billion tons of solid waste every year, with a larger accumulated stock in history, and the situation of pollution prevention and control is grim. "Opinions of the Central Committee of the Communist Party of China and the State Council on Deepening the Fight against Pollution" puts forward in its main objective that by 2025, the capacity of solid waste control will be significantly enhanced, and puts forward specific requirements for strengthening solid waste pollution control and steadily promoting the construction of a "waste-free city". On the other hand, strengthening solid waste pollution control in an all-round way and building a "waste-free city" are also important manifestations of the change from "resolutely laying a good job" to "deeply laying a good job" in pollution prevention and control. Promoting the tough battle to broaden the scope and extend the depth of governance will not only promote the governance of water, gas and soil pollution, but also help solve the utilization and harmless disposal of final pollutants after governance in these fields.
  Q: What is the relationship between the construction of a "waste-free city" and pollution reduction and carbon reduction?
  A:The prevention and control of solid waste pollution "is connected with pollution reduction at one end and carbon reduction at the other". Practice at home and abroad shows that strengthening solid waste management has obvious effect on reducing carbon. The analysis results of relevant institutions on the data of carbon emission reduction potential of solid waste management in 45 countries and regions around the world show that by improving the whole process management level of four types of solid waste in the fields of industry, agriculture, life and construction, the carbon emission reduction of the corresponding countries can be achieved by 13.7% to 45.2% (average 27.6%); During the "Thirteenth Five-Year Plan" period, compared with the "long process" steelmaking process with natural iron ore as the main raw material, the "short process" steelmaking process in China has reduced carbon dioxide emissions by about 1.38 billion tons. Carrying out the construction of a "waste-free city" and systematically promoting the reduction, recycling and harmlessness of solid waste in the fields of industry, agriculture and life can better promote the fundamental change of energy structure and the optimization and adjustment of industrial structure, transportation structure and land use structure, thus realizing the synergy of pollution reduction and carbon reduction.
  Q: What are the working ideas and objectives of building a "waste-free city" during the Tenth Five-Year Plan period?
  A:During the Tenth Five-Year Plan period, the general idea of expanding and deepening the construction of "waste-free city" is to thoroughly implement the ecological civilization thought of the supreme leader, base on the new development stage, implement the new development concept, build a new development pattern, promote high-quality development, coordinate urban development and solid waste management, adhere to the principle of "three modernizations", focus on the synergy of pollution reduction and carbon reduction, and promote the construction of "waste-free city" in about 100 cities at or above prefecture level.
  To do a good job in the construction of a "waste-free city" during the 14 th Five-Year Plan period, we must adhere to the following principles. First, adhere to systematic planning and integrated promotion, and systematically plan and promote the construction of a "waste-free city" under the major strategic deployment of deepening the battle against pollution and carbon neutrality in peak carbon dioxide emissions. Second, adhere to problem-oriented and goal-oriented, speed up the completion of relevant governance systems and infrastructure shortcomings, and continuously improve the comprehensive management capacity of solid waste. The third is to govern according to law, deepen reform, improve the long-term mechanism for the prevention and control of environmental pollution by solid waste, and deepen the reform of institutional mechanisms. Fourth, adhere to the leadership of the party and government, multi-governance, and build a "waste-free city" construction work pattern with the leadership of the party Committee, the leadership of the government, the participation of enterprises, social organizations and the public.
  The goal of building a "waste-free city" is: by 2025, the intensity of solid waste production in a "waste-free city" will decrease rapidly, the comprehensive utilization level will be significantly improved, the harmless disposal capacity will be effectively guaranteed, the synergistic effect of pollution reduction and carbon reduction will be fully exerted, the management information of solid waste will be basically realized, the concept of "waste-free" will be widely recognized, and the solid waste management system and capacity will be significantly improved.
  Q: What are the main tasks defined in the Work Plan?
  A:Focusing on the key areas and key links of solid waste pollution prevention and control, the Work Plan mainly defines seven tasks.
  The first is to scientifically prepare the implementation plan and strengthen the top-level design guidance. The key point is to strengthen the planning convergence, establish an evaluation system and strengthen the infrastructure guarantee.
  The second is to speed up the green and low-carbon development of industry and reduce the pressure of industrial solid waste disposal. The key point is to accelerate the exploration of the path model of industrial solid waste reduction in key industries and the construction of "waste-free mining areas", "waste-free parks" and "waste-free factories" in combination with the requirements of pollution reduction and carbon reduction in industrial fields.
  The third is to promote green and low-carbon development in agriculture and rural areas and improve the comprehensive utilization level of major agricultural solid wastes. The key point is to develop ecological planting and ecological breeding, establish a development model of agricultural circular economy, and promote the recycling of livestock manure, straw, agricultural film and pesticide packaging.
  The fourth is to promote the formation of a green and low-carbon lifestyle and promote the reduction and recycling of solid waste from domestic sources. The key point is to vigorously advocate the concept of "no waste", carry out garbage sorting in depth, accelerate the construction of a recycling system for waste materials, promote the whole chain treatment of plastic pollution, and promote the source reduction and resource utilization of municipal sludge.
  Fifth, strengthen the whole process management and promote the comprehensive utilization of construction waste. The focus is to vigorously develop energy-saving and low-carbon buildings, comprehensively promote green and low-carbon building materials, and promote the recycling of building materials.
  Sixth, strengthen supervision and utilization of disposal capacity to effectively prevent and control environmental risks of hazardous wastes. The key point is to implement standardized management of hazardous wastes, explore ways to use risks under control, and improve the basic support capacity of centralized disposal.
  Seventh, strengthen the construction of system, technology, market and supervision system, and comprehensively improve the support capacity. The key point is to improve the system of departmental responsibility list, statistics and information disclosure; Strengthen the research, development, application and standard formulation of advanced technologies; Improve the market-oriented mechanism; Strengthen management measures such as informatization and pollution discharge permit.
  Q: How to screen and determine the list of "waste-free cities"?
  A:The municipal people’s government shall, on a voluntary basis, apply to the provincial department of ecology and environment, and the relevant departments at the provincial level shall jointly determine the recommended list and submit it to the Ministry of Ecology and Environment before February 15, 2022. The Ministry of Ecology and Environment, together with relevant departments, shall, according to the recommendation of provinces (municipalities directly under the Central Government), comprehensively consider the basic conditions of cities, work enthusiasm and relevant major strategic arrangements of the state, and determine the list of cities to carry out the construction of "waste-free cities". County-level administrative districts, development zones, etc. with great demonstration significance can be promoted with reference to the construction requirements of "waste-free cities".
  Q: What are the safeguards for building a "waste-free city"?
  A:The construction of "waste-free city" is a systematic project, which needs a long time to make contributions. The first is to strengthen organizational leadership. At the national level and the provincial level, coordination mechanisms will be established respectively to strengthen the organization and guidance of the construction of "waste-free cities" and promote the formation of joint efforts. Relevant cities should establish relevant work leadership systems and mechanisms and improve safeguard measures according to the needs of building a "waste-free city". The second is to strengthen the guarantee of policy funds. Relevant cities should study and improve the policy system, establish and improve diversified investment channels, and ensure the capital demand for the construction of "waste-free cities". The third is to strengthen scientific and technological support. The key point is to strengthen the dominant position of enterprises in innovation, promote the sharing and transformation of technological achievements in solid waste utilization and disposal, and actively carry out international cooperation and technical exchanges. The fourth is to do a good job in propaganda and guidance. It mainly includes increasing publicity, expanding the scope of publicity, innovating publicity methods, strengthening education and training, and encouraging public opinion supervision.
  In addition, the Ministry of Ecology and Environment will systematically sum up the effectiveness and experience with relevant departments, institutionalize effective innovation measures, and strengthen the popularization and application of experience models; The study will give incentives to cities with outstanding achievements in the construction of "waste-free cities" or obvious improvement in the management level of solid waste.

What does cell phone refresh mean?

Simply put, refreshing the mobile phone is to reload the currently displayed page or application interface of the mobile phone to make it present the latest content or status. This operation is very common when we use smart phones. Whether browsing the web, using social applications or playing games, we may need to refresh our phones.

Next, I will introduce how to refresh your mobile phone in detail step by step:

Step 1: Understand the refresh scenario.

First of all, we need to know when we need to refresh our mobile phone. Generally speaking, when you feel that the content of the currently displayed page is delayed, wrong or incomplete, you can try to refresh it. For example, when browsing news, the news list is not updated; In social applications, chat messages are not displayed synchronously; Or when using the shopping application, the list of goods is not fully loaded, etc.

Step 2: Select the refresh mode.

There are two main ways to refresh the mobile phone: drop-down refresh and click the refresh button. Drop-down refresh is the most common refresh method. You just need to slide your finger from top to bottom on the screen for a certain distance, and usually the page will start to refresh. Clicking the refresh button is suitable for some application interfaces, and usually a refresh button is displayed at the top or bottom of the page, which can be refreshed by clicking it.

Step 3: perform refresh operation.

When you choose the appropriate refresh method, you can start the refresh operation. For drop-down refresh, you need to quickly slide your finger on the screen for a distance from top to bottom until the page starts to refresh. For clicking the refresh button, you just need to find the refresh button and click it.

Step 4: Wait for the refresh to be completed.

After the refresh operation starts, you need to wait for the page or application interface to load. This process may take several seconds, depending on the network speed and mobile phone performance. During the refresh process, you may see some loading prompts displayed on the page or interface, such as "Loading" or "Refreshing".

Step 5: Check the refresh result.

When the page or application interface is loaded, you need to check the refresh results. Generally speaking, the refreshed page or interface will display the latest content or status. You can browse the news list, check the chat message or check the product list to confirm whether the refresh is successful.

Through the above five steps, you can easily refresh your mobile phone. It should be noted that frequent refresh operations may consume more mobile phone traffic and power, so it is recommended to refresh as needed in actual use. In addition, if the problem cannot be solved after refreshing, you may need to check the network connection or contact the application developer for help.

[Case Management] Zhabei, Shanghai: Lawyers receive "after-sales service"

  This newspaper (reporter Lin Zhongming correspondent Xie Lijuan)"Hello, Mr. Wu, I am a staff member of Zhabei District Procuratorate. Please comment on the marking service we provide." Recently, lawyer Wu of Shanghai Yingke Law Firm received a return call from Zhabei District Procuratorate in Shanghai. 

  In order to effectively protect lawyers’ right to practice, the hospital has explored and established a "window reception evaluation system", which stipulates that lawyers should pay a return visit by telephone within five working days after coming to the hospital to find out the lawyer’s satisfaction with the service attitude and service content of the reception staff, the knowledge of online booking marking, case flow information push, and the opinions and suggestions for the procuratorial organs to improve the lawyer’s reception work. The quality of window reception is tested by data verification, and feedback opinions are collected. 

  The "window reception evaluation system" introduced by the hospital was praised by lawyers for providing "after-sales service" for procuratorial organs, and lawyer Wu was one of the beneficiaries. Not long ago, he received a message on his mobile phone, saying, "Your appointment for inquiring about the case progress of 14…457 (application for serial number) has been approved ……" Through this service, lawyer Wu can immediately obtain the process information of the case he has entrusted in the procuratorial process. When receiving a call from the hospital for a return visit, Mr. Wu gave full marks. 

  The introduction of "new service" has brought more "surprises" to lawyers’ practice, and the continuous improvement of "old service" has also brought better services to lawyers. During the return visit, a lawyer mentioned that the efficiency of the lawyer’s marking was improved by using the "snapshot instrument" to remake the files and burn CDs, but sometimes the lawyer would go directly to the detention center after marking, so he could not take his laptop to watch CDs, hoping to increase the copying service. However, the prosecutor of the hospital also noticed that because the evidence in the case file was secret before the trial, the "quick-shooting instrument" was used to take photos and engrave the disc, and the watermark of "lawyer’s marking" was printed to prevent leakage. If you increase the copy service, you should also take necessary measures to prevent leaks. To this end, the hospital carved a "special seal for marking and copying", which not only facilitated lawyers, but also prevented leaks. 

  Sun Songjun, head of the case management department of the hospital, said, "The significance of a return visit is to collect lawyers’ opinions in time, analyze the feasibility of problem solving, and implement rectification measures. This is the significance of using the concept of’ after-sales service’ to do lawyer reception work." 

  It is understood that since February 2014, the hospital has accepted 71 lawyers’ marking, conducted 38 return visits, collected 7 feedback opinions and formulated 3 corresponding rectification measures.

  (Original title: Lawyers receive "after-sales service" Zhabei, Shanghai: collecting opinions through return visits to improve reception level)

The Beijing-Tianjin-Hebei rainfall was temporarily suspended and the rescue and disaster relief continued.

CCTV News:In the past few days, there has been continuous heavy rainfall in Xinglong County, Chengde, Hebei Province. Seven villages have suffered from flash floods, and they once lost contact with the outside world, and roads, electricity and other infrastructure have been seriously damaged. With the opening of some breakpoint roads, the reporters from the reception desk entered one of the lost villages — — Liudaogou village What is the situation there? Look at the report.

Fighting against time for emergency rescue and disaster relief rushed to the front line of flood control and disaster relief

Recently, flash floods caused by heavy rainfall have damaged some villages in Weichang County, Chengde, Hebei Province. In times of crisis, for the safety of villagers and tourists, Ning Ying, who is pregnant, is still sticking to the front line.

Xinfeng village, located in Weichang Manchu and Mongolian Autonomous County, is located between two mountains, with low terrain. The flash floods caused by heavy rainfall have accumulated a lot of silt on the roads and villagers’ yards in the village. When the reporter saw Ning Ying, secretary of the village party branch, she was helping the villagers to strengthen their houses and clean up the mud. Although she has been pregnant for more than seven months, she is rushing to the front line of flood control every day.

As busy as Ning Ying, Dai Chunyu, a cadre from Baocun Village and chairman of the People’s Congress of Kalun Township, Lanqi County, has been organizing cadres and volunteers from party member to help villagers clean up the silt in the yard and on the road, and coordinate machinery and equipment to widen the river.

Dai Chunyu is responsible for Xinfeng and Brick Kiln in Karen Township, Lanqi County, Weichang County. Brick Wayao Village is surrounded by mountains on three sides. Before the arrival of heavy rainfall, Dai Chunyu and village cadres put 40 villagers from 16 families in low-lying areas into the village committee. Due to the timely transfer, the sudden flash floods did not cause casualties.

Also in Kalun Township, Lanqi, the rain washed away the bridge from the agricultural greenhouse near Jinshantang Village to the outside world, and 12 tourists and local villagers were trapped in the greenhouse base. After receiving the distress message, the local township and village cadres, together with the villagers, pulled up a rescue channel on the river with ropes, and moved the trapped tourists and villagers to safety in one trip.

  Jizhou, Tianjin: The damage situation is being counted and production and life will be resumed as soon as possible.

  On the 29th, the rainfall process in Jizhou District of Tianjin ended. As the flood receded, on the 30 th, the local related loss statistics work was started, and the production and living order was restored as soon as possible.

  In Duanzhuang Village, Xiaying Town, Jizhou District, village cadres are counting the damage from house to house. The flood caused some houses to be flooded, cars, household appliances, furniture, etc., and some roads and villagers’ homes had silt accumulation. The village organized forklifts and other equipment to carry out dredging with the villagers.

  Villager Duan Shaodong:This time, the water was too big, and the yard was flooded. Furniture and cars were soaked, and all the losses were registered, and everything was registered.

  Duan Xuelin, Party Secretary of Duanzhuang Village, Xiaying Town:There are 76 households flooded in our village and 295 people were affected by the disaster. Our village cadres investigate the property losses of these flooded people door by door and make detailed statistics, ranging from color TV refrigerators to tables, chairs and benches.

  In Daping ‘an Village, which is adjacent to Duanzhuang Village, in this rainstorm, individual ponds, farmland and roads in the village were also damaged to varying degrees due to floods. The village is making statistics on the damaged infrastructure and coordinating the materials needed for maintenance. The next step will be to carry out emergency repair work.

  Tan Xueli, Party Branch Secretary of Daping ‘an Village, Xiaying Town:The heavy rain washed away the land, the soybeans planted there, and the red fruits, peaches and chestnuts. In addition, this road basically washed away, and the next step must be repaired by the people.

Tonight, the oil price is "the first rise" in 2019!

  CCTV News:According to the National Development and Reform Commission, a new round of refined oil price adjustment window will be held onAt 24: 00 today (January 14th)Open. In 2018, domestic oil prices ended with a "five-day losing streak".This price adjustment will open the situation of the first increase in oil prices in 2019.

  According to the monitoring of the price monitoring center of the National Development and Reform Commission, during this round of refined oil price adjustment (December 28, 2018 — January 11, 2019) International oil prices rose for nine consecutive trading days. The oil prices in Brent, London and WTI, new york rose from the low level at the end of December last year to the level of 60 dollars and 52 dollars per barrel, and the average oil price increased by 4.04% compared with the previous price adjustment cycle. Affected by this,Domestic retail prices of gasoline and diesel oil will be raised accordingly.

  The price of refined oil rose first in 2019! It costs 4 yuan more to fill a tank of gas.

  CCTV financial reporters learned from the National Development and Reform Commission that the details of this oil price adjustment are as follows:Gasoline is raised by 105 yuan per ton, and diesel is raised by 105 yuan per ton..

  On the national average:

  No.92 gasoline is raised per liter.0.08 yuan;

  No.95 gasoline is raised per liter.0.09 yuan;

  No.0 diesel is raised per liter.0.09 yuan.

  The CCTV financial reporter calculated an account for you.According to the estimation of 50L capacity of general domestic car fuel tank, it will cost more 4 yuan to fill a tank of 92 # gasoline.

  Three factors support the rise of international oil prices.

  First, major oil producers such as OPEC and Russia cut production. Under the leadership of Saudi Arabia, OPEC crude oil output fell by 460,000 barrels per day to 32.68 million barrels per day in December, the largest monthly decline in the past two years. Recently, Russian crude oil production has also dropped from a record high of 11.45 million barrels per day to 11.38 million barrels per day. Second, China and the United States conduct trade negotiations, and trade frictions are expected to be further eased. Third, the number of crude oil rigs in the United States has continuously dropped to 873 in the past two weeks, and the trend of increasing crude oil production in the United States has slowed down. In addition, the rebound in the US stock market also led to an increase in oil prices.

  The price monitoring center of the National Development and Reform Commission predicts that the global economic recovery will slow down, the demand for crude oil will weaken, and it is unlikely that the international oil price will continue to rise, and it will remain volatile in the short term. The intensity of OPEC’s production reduction and the trend of Sino-US trade relations are important factors affecting the later trend. (Source: CCTV Finance)

"Uncle Drew" All Stills kyrie irving Hit Morgan Freeman.


1905 movie network news Hollywood explosive comedy released a set of full-time stills today. Many basketball superstars in the film can’t see their old faces after special effects makeup, but everyone is still poised and ready to go. Kyrie irving, shaquille o’neal, chris webber, reggie miller, nate robinson, lisa leslie and many other basketball superstars co-starred. The sports comedy Uncle Drew, jointly produced by Lionsgate Film and PepsiCo, was previously scheduled to be released in the mainland on January 11th.

The star disguised as an old man and turned into a "Wolverine"

Among all the stills exposed today, the film Uncle Drew, on the one hand, retains the original traditional style of the advertising short film series of the same name, on the other hand, it also adds many refreshing characters: you can see the classic characters of Uncle Drew appear, and you can also see the funny shapes of all kinds of people inside and outside the stadium. In the picture, "Uncle Drew" (kyrie irving) and the "shoes" (nate robinson) standing next to him can’t hide their complacent arrogance even under the appearance of over-aged uncle; In addition, the "A Guang" (reggie miller) wearing a hat and sunglasses in the photo seems to be deliberately spoofed in front of the camera, and even the "big guy" (shaquille o’neal) standing behind him with the ceiling is amused; In addition, the female characters in the picture are also quite eye-catching. "Betty Lu" (Lisa Leslie) and "Maya" (Erica Ash) are matched with one old and one young, and the combination of one rigid and one soft is full of contrast and fun.

In other stills, I saw that Uncle Drew, played by kyrie irving, wore a glistening wig and a false beard, but his skills and acting skills were excellent, and he was the best actor among the new generation of stars. At first glance, this image looked like Morgan Freeman, and his acting skills were also close to it. The Taekwondo coach played by shaquille o’neal has a high hairstyle and looks like "Grandpa Wolverine". He feels that claws will grow from his hands in the next second, leaving three marks on basketball; Reggie miller is driving with "sunglasses", grinning and revealing a shining gold tooth; And nate robinson, who doesn’t forget to hold basketball in her wheelchair; The priest played by chris webber smiled and pointed to "God", perhaps praying for the last laugh in this competition; Lisa Leslie, who plays the pastor’s wife, got out of the car with a baseball bat and was aggressive. This series of stills makes people wonder what kind of jokes this "the strongest team in history" will bring to us in the film.

Three-hour aging 50-year-old protagonist reveals special effects makeup

As early as during the filming, chris webber held a live broadcast on social platforms to reveal the special effects makeup of the film for many fans and fans who are looking forward to the film. He said frankly in the live broadcast: Before each shooting, it takes three hours of special effects makeup to restore the role age required for the film setting. Chris webber mentioned that the makeup removal process is simpler than makeup, but it will take more than an hour. While the makeup artist skillfully removed the rubber and other veneer materials from his face, he did not forget to broadcast the propaganda message of the movie, and counted the roles played by the stars in the movie again.

In the advertisement short film of the predecessor of the movie Uncle Drew, kyrie irving’s makeup process was shown in 30 seconds, and in a short time, a lot of makeup materials were seen on kyrie irving’s face and body in a quick cut. Although the whole process looks very relaxed and interesting, it must be very hard for actors and staff.


This year, the actual controllers of 12 listed companies have been arrested and implicated in 770,000 shareholders.

  Zhongxin Jingwei Client September 8 (Zhang Yunan) In 2019, the A-share market staged a "prison situation". According to the statistics of Zhongxin Jingwei client, up to now, the actual controllers of 12 listed companies have been arrested, involving 771,200 shareholders.

  12 actual controllers were arrested

  The client of Zhongxin Jingwei noticed that the actual controllers of 12 A-share listed companies were arrested during the year. From the reasons, there were many cases involving economic crimes, including illegally absorbing public deposits, illegally disclosing important information, misappropriating funds, etc. ST Changyu and the actual controller of Storm Group are suspected of bribery; In addition, the real controllers of Sunflower Pharmaceutical and Xincheng Holdings are individuals suspected of committing crimes; *ST Zhongke real controller involved in triad crimes.

  *ST Kangde has received much attention since the disclosure of the annual report on April 30, and 12.2 billion yuan of funds have gone astray, and the company’s annual report has also been issued with "non-standard" opinions. On May 12th, Zhong Yu, the actual controller, was forced to take measures. Since July 8th, the stock has been suspended, and the former White Horse shares have fallen from the altar. In 2015-2018, the company’s net profit was actually negative for four consecutive years, which touched the situation of major illegal forced delisting, and the company’s shares may be subject to major illegal forced delisting.

  Storm Group said that since Feng Xin was arrested, the company has been negatively affected in terms of strategic landing, business development and personnel stability. In terms of performance, in the first half of the year, Storm Group achieved a year-on-year decrease in revenue of 89.44%; The net profit was-264 million yuan. According to the regulations, if the net assets of Storm Group are negative in 2019, the Shenzhen Stock Exchange may suspend the listing of the company’s shares.

  The youngest controller of these 12 companies is Tang Jun, who was born in 1987 and was selected in the list of "30 elites under the age of 30" by Forbes China in 2017. On March 28th, Derivative Technology announced that Tang Jun, the actual controller of the company, Zhang Lin, the chairman and general manager, Yu Jun, the director, and Jin Haiman, the deputy general manager and secretary of the board of directors, were taken compulsory measures by the public security organs for allegedly illegally absorbing public deposits. The company’s semi-annual report shows that the revenue in the first half of the year decreased by 59.78% year-on-year; The net loss attributable to shareholders of listed companies was 242 million yuan, compared with a profit of 382 million yuan in the same period last year.

  Born in 1971, Luo Jing, the actual controller and chairman of Boxin shares, is known as "Mulan in business", and owns Chengxing International Holdings, a listed company in Hong Kong, Boxin shares, a listed company in Singapore, and Camsing Healthcare.

  On July 5, Boxin announced that Cyndi Luo, the actual controller and chairman of the company, and Jiang Shaoyang, the director and chief financial officer, were criminally detained by Yangpu Branch of Shanghai Public Security Bureau on June 20, 2019 and June 25, 2019, respectively, and related matters have yet to be further investigated by the public security organs. According to the announcement of Boxin Co., Ltd. on August 8, the board of directors received a written resignation report from Chairman Cyndi Luo on August 8, and after his resignation, Cyndi Luo no longer held any other positions in the company.

  Nearly 80 billion market value is gone.

  Once the actual controller or chairman has problems, although most listed companies will announce that "related matters will not have a significant impact on the company’s production and operation", the secondary market does not seem to buy it. According to the rough calculation of the Sino-Singapore Jingwei client, the market value of nearly 80 billion yuan evaporated. In addition, Boxin, ST Tianbao and *ST Pengqi all closed down on the day of news disclosure.

  From April 30th, the share price of Kangdexin has fallen by 29.6%, and the market value has evaporated by 5.24 billion yuan, involving 155,500 shareholders.

  As a GEM stock that has created 29 daily limit records, after Feng Xin, the actual controller of Storm Group, was arrested, the latest closing price of the company was only 4.58 yuan/share, with a total market value of only 1.5 billion yuan. Previously, the highest stock price of Storm Group once reached 123.83 yuan/share, with a market value of over 30 billion yuan.

  After Tang Jun, the actual controller of the spin-off technology, surrendered himself voluntarily, the company’s share price went down for nine consecutive "I" boards. Up to now, the share price has dropped from 52.5 yuan on March 27th to 11.2 yuan, and the market value of the company has evaporated by nearly 16 billion yuan in half a year.

  After Zhang Changhong, the controlling shareholder and actual controller of Great Wisdom, was detained by the public security organ, the stock had three daily limit boards. After Wang Zhenhua, the actual controller of Xincheng Holdings, was arrested, the company’s share price had four short-term limit drops, with a cumulative drop of 37%, and the market value exceeding 35 billion evaporated.

  The exchange "hands out" inquiries

  Photo by Xin Jingwei Xiong Jiali in the data map

  The negative news of the actual controller will bring a series of chain reactions to listed companies, such as the stock price plummeting, the market questioning the company’s debt and operation, etc., and the regulatory authorities also rushed to "shoot". Sunflower Pharmaceutical, *ST Kangde and Storm Group all received regulatory letters from the exchange.

  On April 10th, some media reported that Guan Yanbin, the former chairman and actual controller of Sunflower Pharmaceutical, was arrested by the People’s Procuratorate on suspicion of intentional homicide. The Shenzhen Stock Exchange issued a letter of concern, asking Sunflower Pharmaceutical to explain whether the above matters may lead to the change of the actual controller of the company and whether the production and operation activities of the company are affected.

  Sunflower Pharmaceutical said that the company’s control right is stable and the actual controller has not changed. In response to media reports that Guan Yanbin was suspected of intentional homicide, Sunflower Pharmaceutical said that the actual controller of the company had a dispute with others for personal reasons and caused physical injury, and the judicial authorities took compulsory measures. After the company’s self-examination, there is no situation that should be disclosed but not disclosed in time.

  * The progress of ST Kangde’s alleged violation of laws and regulations has also attracted much attention from the market. *ST Kangde announced on July 5 that it had received a notice of administrative punishment from the CSRC in advance, and planned to take measures to ban Zhong Yu, Wang Yu and Zhang Lixiong from the securities market for life. At present, *ST Kangde has only received the Advance Notice of Administrative Punishment and Market Prohibition, and the final result still needs to be confirmed by the Decision of Administrative Punishment.

  In its reply to the inquiry letter of Shenzhen Stock Exchange, Kaiying Network said that Wang Yue resigned on March 25th, 2019 and no longer held any position in the company. Wang Yue’s loss of contact and detention did not affect the company’s business development, daily production and operation, and the stability of management. Feng Xianchao, the deputy general manager, is being investigated by the public security organs for his alleged personal economic crimes. During the investigation, Feng Xianchao’s work was taken over by other members of the company’s management. The matters under investigation did not affect the company’s business development and daily production and operation, and other members of the company’s management still performed their duties normally. (Zhongxin Jingwei APP)

  (The opinions in this article are for reference only, and do not constitute investment advice. Investment is risky, so you should be cautious when entering the market. )

  All rights reserved by Zhongxin Jingwei. No unit or individual may reprint, extract or use it in other ways without written authorization.

"internet plus" boosts the construction of modern industrial system.

  The material basis of the modern economic system lies in the modern industrial system. It is necessary to play the role of "internet plus" as a link in the allocation of production factors and resources, so as to urge "internet plus" to effectively transform traditional industries, cultivate emerging industries, form new models, new formats and new systems for industrial development, and realize the industrial transformation and upgrading with "internet plus".

  How does "internet plus" promote the construction of modern industrial system?

  "internet plus" promotes more intensive agricultural development. "internet plus" transformed traditional agriculture mainly in the fields of agricultural production and circulation, and forced agricultural intensification, greening, branding and high-end with "internet plus". Taking "internet plus" as the entry point, we will focus on building a modern marketing system for agricultural products, establishing an efficient and efficient logistics system for agricultural products, and building a modern agricultural industrial system, production system and marketing system.

  "internet plus" boosts industrial production to be more intelligent. Leveraging the "internet plus", we will integrate the upstream and downstream enterprises of manufacturing industry with effective resources, effectively connect market supply and demand, promote the connection between Internet technology and traditional industries from the perspective of demand, and accelerate the development of smart industries. Accelerate the docking of "internet plus" strategy with related industries of smart cities, energy conservation and environmental protection industries, break through core technologies such as robots and artificial intelligence, and build an advanced manufacturing industry chain. Gradually build "Internet of Things" and "Internet of Services" and optimize production cooperation and organization.

  "internet plus" promotes the transformation of service industry to a higher level. With the promotion of "internet plus", it is necessary to further strengthen the ability of informatization in business circulation, extend informatization services to more service industries, and intensify efforts to develop digital economy and share economy. Accelerate the adjustment of industrial structure led by producer services, strengthen the linkage between advanced manufacturing industry and producer services, pay attention to "internet plus" as the adhesive, and strengthen the linkage and integration between manufacturing industry and service industry. We will further implement the "internet plus" and give prominence to the development of innovative and high value-added modern service industries such as e-commerce, cultural creativity, R&D design and digital media.

  The Key Points of "internet plus" Promoting the Construction of Modern Industrial System

  Government-enterprise linkage promotes "internet plus". At present, the implementation of the "internet plus" strategy is more limited to the government’s promotion, or the government has signed a strategic agreement with Internet giants to promote it, lacking the initiative of enterprises to carry out self-innovation through the "internet plus", thus promoting the improvement of total factor productivity. Small and medium-sized enterprises are the main force to promote China’s industrial upgrading and economic development. Therefore, in the process of fully implementing the "internet plus" strategy, we should give full play to the main role of enterprises, so that enterprises can spontaneously connect with the "internet plus" strategy, make their production and sales more Internet-based, and use the Internet to promote enterprise transformation and upgrading.

  Strengthen the deep integration of "internet plus" and the real economy. The promotion of "internet plus" in advanced manufacturing industry and how to use the Internet to integrate advanced manufacturing industry and modern service industry need targeted strengthening. The most fundamental thing for industrial upgrading is to develop the real economy and build a modern industrial system that adapts to the modern economic system. On the one hand, the implementation of the "internet plus" strategy is to transform and upgrade traditional industries, on the other hand, it is to cultivate and support emerging industries. Therefore, we should grasp the strategic opportunity of "internet plus" so that it can fully connect with the real industry, thus avoiding the problem of economic hollowing out and realizing the real upgrading of industrial structure and modernization of industrial system.

  Solve the core technical risk dilemma of "internet plus". At present, the world is facing a new round of scientific and technological revolution and industrial revolution, and the rise of the two new revolutions has also made information technology the focus of attention. Therefore, in the process of promoting the "internet plus" strategy, we should be clear about the impact of the "internet plus" strategy on the input and output of enterprises, and how Internet technology can develop better and rapidly. On this basis, it is also necessary to effectively solve the problem of Internet technology security development. With the rise of big data, information leakage and other problems have occurred from time to time. When comprehensively promoting the "internet plus" strategy, Internet technology should also be upgraded to effectively solve technical security problems such as information leakage.

  The Path of "internet plus" Promoting the Construction of Modern Industrial System

  Broaden the depth and breadth of industrial agglomeration with "internet plus". By promoting the "internet plus", the existing industrial clusters will be continuously expanded vertically and horizontally to build a modern industrial cluster. Accelerate the development of similar enterprises in the horizontal direction, and accelerate the vertical connection between upstream and downstream enterprises in the vertical direction, thus reducing the operating costs of enterprises and realizing the networking of industrial upgrading. Give full play to the advantages of industrial clusters, cultivate modern science and technology new cities, and introduce high-tech enterprises to settle in. Take "internet plus" as an opportunity to promote the development of Internet economy, Internet entrepreneurship and other industries, and create an innovation and entrepreneurship incubation platform such as Zhongchuang Space. In particular, with "internet plus" as the link, we will allocate the resources of production factors globally, enhance China’s industrial competitiveness, and build China into a global scientific and technological innovation highland.

  Extend the width and intensity of industrial linkage with "internet plus". Give full play to the first-Mover advantage of China’s information economy and "internet plus" development as an important starting point for transforming traditional industries, including "Internet+agriculture", "internet plus industry" and "internet plus logistics", and innovate the development mode of traditional industries. Accelerate the integration of "internet plus" strategy with various industries, especially the cultural and creative industries such as animation and tourism, extend the industrial chains in various fields, and enhance the added value of industries. On this basis, the "internet plus" will lead the development of the sharing economy, infiltrate the Internet into daily life, and meet the people’s longing for a better life. Expand the development space of information industry, and provide a technical basis for the interactive development of modern service industry and manufacturing industry, especially by leveraging the "internet plus" to gather high-end innovation elements. On the one hand, the government needs strong support to speed up the development of Internet technology, so as to promote the implementation of the "internet plus" strategy; On the other hand, it is necessary to strengthen the supervision and prevention of Internet technology security, prevent information leakage and other security risks, and thus avoid systemic risks.

  Stimulate the strength and vitality of independent innovation with "internet plus". "Mass entrepreneurship and innovation" is deeply rooted in people’s hearts and promotes China’s economic transformation and upgrading. We should give full play to the innate advantages of "internet plus" and cultivate a good atmosphere for innovation and entrepreneurship. The key point is to strengthen policy support, financial subsidies, tax incentives and other support, encourage enterprises to build independent research and development platforms such as laboratories and postdoctoral mobile stations, and intensify efforts to introduce and train innovative talents to provide intellectual and platform support for independent innovation. The key to innovation and entrepreneurship under the background of "internet plus" lies in "human brain+computer", so cultivating innovative talents is an important task that the government, enterprises, universities and other subjects need to cooperate with, and in this process, enterprises are the core link and talents are the key subject. (Author: Pan Jiadong)