Wuxi, the "Millennium online celebrity" island, has been repaired!

  In the center of the ancient canal south of Wuxi Wuqiao and at the mouth of Huishan Bangkou, there is an island, which the locals call Huangbudun.

  As Kangxi, Qianlong and Wen Tianxiang all stayed here, the reputation of Huangbudun spread far and wide, and it can be called "Millennium online celebrity".

  Today, the island is being repaired and is expected to be completed before the flood season in June.

  Huangbudun has started a comprehensive repair.

  At 10: 00 a.m. on March 14th, I took a boat from Canal Park Pier, and soon arrived at Huangbudun, an island in the middle of the river.

  It is located in the northern section of Wuxi section of the Beijing-Hangzhou Grand Canal and has been a water hub since ancient times. Cargo ships are busy, sirens are blowing, and the Huangbu pier is also a busy scene.

  Scaffolding has been set up around Huangbudun, and workers are working on it. The reporter was informed that Huangpudun, a cultural relics protection unit in Wuxi that has been in disrepair for a long time, has started a comprehensive repair and is expected to be completed before the flood season in June.

  Huangbudun is surrounded by water and planted with weeping willows. The spring breeze blows, the willow shoots out, and the pier is lush.

  "These willows will be preserved, and miscellaneous trees that are unsightly or affect the safety of the building will be cleaned up and treated as a sparse forest." Rong Kanghua, technical director of Huangpudun repair project, pointed to the willow tree in front of him.

  He introduced that after on-the-spot measurement, Huangpudun is about 30 meters long from north to south and only 20 meters wide from east to west. It is not difficult to construct on this oval island with an area of less than one acre, and materials must be transported by ship. It is understood that the project began in January, mainly to upgrade and transform the building itself, to maintain the authenticity of its style, and to comprehensively improve the environment, greening and lighting at night.

  The repair project of Huangbudun is undertaken by Wuxi Urban Construction Development Group Co., Ltd.. Zhang Guodong, deputy general manager of Urban Construction Development Group Urban Investment Company, told the reporter that it has been more than ten years since the last maintenance of Huangbudun, and it was not an overhaul before, but the wall was painted, and the current situation of the building is worrying.

  After the field investigation by experts in water conservancy, cultural relics and gardens, it was found that the main reason for the damage of cultural relics buildings was that the floor inside the building was too low and the river was irrigated, which formed a basin-like effect.

  Therefore, the key point of this renovation is to reinforce and maintain the revetment, and innovatively set up a mobile flood control wall around the pier. When the flood season comes, the flood control wall can be installed according to the change of water level, so as to improve the safety factor of the pier and ensure that the impact of high water level on Huangbu pier in flood season is minimized. When the flood season passes, the wall will be removed, which not only protects cultural relics, but also does not affect the viewing.

  The Past Style and History of Huangbudun

  Huangbu pier, also known as Xiaojinshan, is circular with an area of 220 square meters, and is built with stone revetment. One said that it was named after the site left by Chun Shenjun (Huang Xie) who once treated Furong Lake here; Another name is Song Huizong. Huang Xin, a native of Shanyin, Zhejiang Province, came to Wuxi to manage rice industry, set up rice mills, build stacks, and often berth grain boats beside piers.

Huangbudun in the 1920s and 1930s

  Since ancient times, Huangbudun has been a scenic spot in the ancient canal. The temple on the pier was built in the Tang Dynasty and has experienced thousands of years of vicissitudes. Huangbudun was once known as ‘ Two Emperors (Emperor Kangxi and Qianlong of the Qing Dynasty), Two Emperors (Huang Xie of Chu and Wen Tianxiang, Prime Minister of Southern Song Dynasty) and One Clear Sky (& lsquo; Hai Qingtian ’ Hai Rui, a famous Ming dynasty minister, is famous for his boarding.

  During the reign of Emperor Kangxi and Emperor Qianlong in the Qing Dynasty, he stayed in Huangpudun or stayed overnight. Emperor Kangxi inscribed the plaque "Lan Ruo", and Emperor Qianlong also wrote several poems, such as "The two rivers are surrounded by a continent, and the horses and chariots can only pass through the boat". During the reign of Emperor Kangxi and Emperor Qianlong in the Qing Dynasty, he stayed in Huangpudun or stayed overnight. Emperor Kangxi inscribed the plaque "Lan Ruo", and Emperor Qianlong also wrote several poems, such as "The two rivers are surrounded by a continent, and the horses and chariots can only pass through the boat".

  In the 16th year of the Yuan Dynasty (1279), Wen Tianxiang, a national hero, was detained by the Yuan Army and passed by Wuxi in the north. He spent the night on the pier and wrote a poem "Crossing Wuxi". Poems are full of strong patriotism and national integrity. "Jinshan Ran Ran waves rain, tin water min min vegetation spring. Twenty years ago, I went to the road and walked three thousand miles away. The hero is not dead, but the father and the old are eager to meet. When I read about Cheng Ying’s keeping Zhao at night, I felt a towel once. "

Huangbudun after reconstruction in 1980s

  Ming Wang Yongji’s "A Brief Introduction to the Scenery of Xishan" records that "Wenchang Pavilion, Huancui Building and Shuiyuexuan, which are old buildings, are shaded by weeping willows, so they are inseparable".

Fan of Wuxi Huangbudun Figure painted by Qian Songyan

  In ancient times, Huangbu pier was known as "the flood can’t be drowned, and the water can’t be seen at the bottom". However, with the establishment of the flood control wall from Sanli Bridge to Wuqiao Bridge and the heightening of the ground, Huangbu Pier is no longer as high as before compared with the surrounding terrain. There were several floods in the 1990s, all of which flooded the piers and banks. On November 21, 1983, Wuxi Municipal People’s Government announced it as a municipal cultural relics protection unit.

  For thousands of years, Huangbudun has been closely related to the ancient canal in Wuxi, and the story of Huangbudun has been handed down from generation to generation among the people in Wuxi. Yu Youman, an expert in local chronicles, said: "Using Huangpudun well will be a online celebrity punch point for the Grand Canal."

  (Source: Comprehensive Wuxi Daily, Wuxi History)

"Wanda Commercial" H-share delisting approved by shareholders’ meeting

  Xinhua News, Beijing, August 15 (Liu Xuyao) On the morning of August 15, Wanda Commercial held an extraordinary shareholders’ meeting at the Sofitel Hotel in Beijing to consider a special resolution to withdraw the H-share listing from the Hong Kong Stock Exchange. After the meeting, a small shareholder told reporters that the motion had been approved by the shareholders’ meeting. So far, Wanda Commercial’s privatization transaction has taken the most crucial step.

  After less than two years of listing in Hong Kong, he chose to delist because the market did not reflect the true value of Wanda Commercial. Wang Jianlin’s decisive proposal for a privatization plan that was both popular with shareholders and beneficial to his own future transformation and development can be called a classic case of capital markets.

  This is also the largest privatization case in the global capital markets this year. According to Wanda Commercial’s previous announcement, after the privatization of H shares is completed, Wanda Commercial has applied to the China Securities Supervision Commission for the possible issuance of class A shares, and will continue to consider the opportunity of listing in class A shares after the delisting of H shares.

  Large and small shareholders benefit unanimously, flash delisting

  Wang Jianlin, chairperson of Wanda Group, once explained that the core reason for the privatization of Wanda Commercial’s H shares was that the company’s value was seriously undervalued. Wanda Commercial’s 2015 annual report showed that its earnings per share were 6.6 yuan, and its net assets per share were 39.8 yuan. However, its share price has been hovering around net assets for a long time. This low valuation makes Wang Jianlin "unbearable".

  Wanda Group, the offeror in the largest privatisation of Hong Kong stocks to date, offered a more reasonable price in the deal plan. The price of 52.8 Hong Kong dollars is 10% higher than the company’s IPO price of 48 Hong Kong dollars in 2004, and a 44.5% premium to the closing price before the first privatization announcement on March 29.

  Finally, in the special resolution vote on August 15, H-share shareholders voted in favor, reflecting the tacit understanding of the interests of the two parties in the privatization transaction.

  In fact, before this vote, the privatization transaction has been approved by some important shareholders, according to Wanda Commercial’s announcement on July 25, China Life has issued a letter of intent to the joint offeror for its intention to support delisting, data show that China Life holds Wanda Commercial 48.445 million H shares, accounting for 7.42% of all H shares issued; the same day, the Kuwait Investment Authority also issued a similar letter of intent, which also holds 7.42% of Wanda Commercial’s H shares.

  From the perspective of market transactions, a few trading days before the vote, Wanda Commercial’s H share price rebounded rapidly to around HK $51 per share, indicating that many small and medium investors in H shares also have confidence in the privatization transaction plan.

  Wanda Commercial’s delisting in Hong Kong this time has created a miracle of the delisting process of Hong Kong-listed companies. It took only six months from the issuance of the delisting offer to the final successful delisting. Behind the miracle, Wanda’s strong execution of "living up to its word" can also be seen. According to Wanda Commercial’s plan, the final date of H-share trading is expected to be September 13, and it is expected to withdraw the listing status of H-shares from the Hong Kong Stock Exchange at 4:00 pm on September 20.

  Wanda will become a class A share of the scarcest resources

  In the market, Wanda Commercial’s shift from H shares to class A shares is more conducive to obtaining a reasonable valuation. On the one hand, the class A share market has a high degree of attention to large-scale high-quality blue-chip stocks. On the other hand, the main consumer customer groups of Wanda Commercial are concentrated in the mainland, and the mainland market has a higher degree of recognition of Wanda Commercial’s strategic structure and competitive advantages.

  Wanda Commercial’s core product "Wanda Plaza" also has unique core competitiveness. Thanks to the core competitive advantages Wanda has formed in the market over the years: a complete industrial chain, a unique "order real estate" model, and efficient control and execution capabilities, Wanda Plaza has successfully achieved rapid replication across the country. It is the only urban complex investment and operation enterprise in China that has achieved a national layout.

  If Wanda Commercial lands on class A share, its modern service industry positioning will be the "alternative" among the current class A share real estate listed companies, which is expected to have a certain impact on the valuation of some real estate companies that are entirely engaged in property sales.

  In addition, for the class A share capital markets that have been reborn from chaos, it seems commonplace to hype high-tech concepts, stale market value management, foolish restructuring, and ignore the interests of small and medium investors.

  Once Wanda Commercial successfully enters the class A share market, as a large company that conforms to the industrial orientation, creates a large number of jobs, and has investment value, it is like a clear stream, which can wash away the pollution and lead the capital markets to establish a responsible and responsible blue chip image.

  Class A share market veteran also pointed out that in the current central government vigorously promote the supply side reform background, class A share capital markets are also tilted towards the real economy, as a new annual increase of more than 100,000 employment of industrial companies, Wanda commercial engaged in the modern service industry is the government to encourage the support of key industries, but also the future economic growth point, class A share should welcome Wanda commercial such excellent entity companies to join.

  500 billion Big Blue Chip

  According to the class A share new share issuance plan previously disclosed by Wanda Commercial, the total number of new shares issued does not exceed 250 million, and the proceeds raised 12 billion yuan, which translates to an average issue price of 48 yuan per share. This pricing corresponds to Wanda Commercial’s net assets of 39.85 yuan per share at the end of 2015, with a price-to-book ratio of only 1.2 times; while in the same period, the price-to-book ratios of Vanke A (000002.SZ), Poly Real Estate (600048.SH) and Greenland Holdings (600606.SH), which are equivalent in the class A share market, are 2.6 times, 1.4 times and 2.1 times respectively, which are significantly undervalued.

  What’s more, the nature of Wanda Commercial is not as simple as real estate stocks. In its performance composition, the proportion of property sales continues to decline, and rental income increases rapidly.

  From the recently announced Wanda commercial semi-annual report, Wanda commercial first half of the overall contract income of 64.36 billion yuan, 106.6% of the first half of the plan. Rental income 8.48 billion yuan, rent collection rate of 100%; 101.2% of the first half of the plan, an increase of 27%; Wanda Plaza in the first half of the total traffic counting 1.108 billion, an increase of 18.5%.

  As the world’s largest commercial real estate operator, behind the Wanda Group in culture, tourism, finance, electricity supplier and other major plate business synergy effect, the market is expected to Wanda commercial future valuation in class A shares will far exceed these residential real estate developers, its share price will be high to more than 100 yuan.

  With Wanda Commercial’s net assets exceeding 180 billion yuan by the end of 2015, the market expects that the market value of Wanda Commercial in Class A share will reach 500 billion yuan to 600 billion yuan in the future, which will become a rare big blue chip stock.

  Bring your own hotspot, no need to worry about blood draws

  For large blue chips with excellent performance and large volume, the market has been worried that their IPO will trigger a blood draw effect. In fact, there is no need to worry about this.

  Because there are too many class A shares IPO queues, coupled with uncertain policies, there is no clear timetable for Wanda commercial landing class A shares. During this period, it is not ruled out that the registration system will be implemented.

  Therefore, market analysis believes that instead of worrying that Wanda Commercial will form a blood draw effect on the stock market, it is better to consider the demand for high-quality enterprises under the registration system. What’s more, as long as the quality of listed companies is good and can truly attract the majority of investors, the securities market will not be short of money, and the blood draw effect will become an unfounded worry. What can be verified is that when Evergrande recently rushed to raise Vanke, it not only did not drag down the market, but activated market sentiment, and Vanke, "Evergrande concept stocks" and the entire class A share became beneficiaries.

  When these well-known high-quality enterprises break through the fence of class A share and attract the post-80s and the youngest post-90s who have gradually become the pillars of society, the stock market can really come alive. The return of a large-scale blue chip with high growth potential like Wanda, which is rare in class A share, will create new investment hotspots for it, and may even lead the market out of the bottom.

[Martyrs’ Memorial Day] Pay tribute to the heroes and look up to the sublime.

  Today, China is undergoing rapid changes, and we are closer to the goal of realizing the great rejuvenation of the Chinese nation than at any time in history. To achieve our goals, we need heroes and heroic spirit. We should remember all the heroes who have made contributions to the Chinese nation and the people of China, advocate heroes, defend heroes, learn from heroes, care for heroes, and make concerted efforts to achieve the goal of "two hundred years" and realize the Chinese dream of the great rejuvenation of the Chinese nation!

  — — On September 2, 2015, the Supreme Leader’s speech at the ceremony of awarding the medal of "70th anniversary of the victory of China people’s War of Resistance against Japanese Aggression".

  On September 2, 2015, the Supreme Leader presented commemorative medals for the 70th anniversary of the victory of War of Resistance against Japanese Aggression, the people of China, to 30 veteran comrades, anti-Japanese generals, international friends who helped and supported China’s anti-Japanese war, or their survivors’ representatives at the Great Hall of the People in Beijing, and delivered an important speech.

  In order to strive for national independence and people’s freedom and happiness, and for the country’s prosperity and strength, countless heroes have given their lives, and the merits of martyrs are shining in history, and the spirit of martyrs is immortal. On August 31, 2014, the 10th meeting of the 12th the National People’s Congress Standing Committee (NPCSC) voted and adopted a decision on the establishment of Martyrs’ Memorial Day, and set September 30 as Martyrs’ Memorial Day in legal form. "even in this world the spirit of a hero, lives and reigns for thousands of years." A promising nation cannot live without heroes, and a promising country cannot live without pioneers. Today is the fourth Martyrs’ Day. Let’s pay tribute to the heroic spirit, look up to the sublime and forge ahead.

  Remember the great achievements of the martyrs

  General secretary of the supreme leader practices himself.

  On November 25th, 2013, the Supreme Leader made a special trip to East China Revolutionary Martyrs Cemetery to present a flower basket to the Revolutionary Martyrs Memorial Tower during his inspection of Linyi, an old revolutionary area in Yimeng. The supreme leader said with deep affection that as soon as I came here, I remembered the epic years of the revolutionary war. In the red land of Yimeng, countless heroic sons and daughters were born, and the deeds of six sisters, mother and sister-in-law of Yimeng were very touching.

  On July 7, 2014, the Supreme Leader attended the ceremony to commemorate the 77th anniversary of the outbreak of the Anti-Japanese War. After the ceremony, I went to visit China People’s War of Resistance against Japanese Aggression Memorial Hall. In the anti-Japanese heroic corridor engraved with 295 generals of the Kuomintang and the Communist Party, he carefully searched the names of Zhang Zizhong, Zuo Quan, Yang Jingyu and other famous anti-Japanese soldiers. On September 3 of the same year, on the anniversary of the victory of the Anti-Japanese War, the Supreme Leader went to Lugouqiao again to present a flower basket to the martyrs of the Anti-Japanese War together with representatives from all walks of life in the capital.

  On February 14th, 2015, the Supreme Leader presented a flower basket to the Monument to Heroes in Shaanxi-Gansu Border Revolutionary Base. When the Supreme Leader visited Shaanxi, he pointed out that the old liberated areas and their people made great sacrifices and contributions to the China revolution led by our party, which we should cherish and remember forever.

  On July 18, 2016, the Supreme Leader presented a flower basket to the Red Army Long March Memorial in Jiangtaibao, Xiji County, Ningxia. The Supreme Leader said that the Long March of the Red Army led by our Party wrote a heroic epic full of lofty sentiments. The new Long March to promote the cause of Socialism with Chinese characteristics should be carried out continuously and for a long time, and every generation of us should take our own long March.

  On June 21, 2017, the Supreme Leader visited the Revolutionary Memorial Hall in the Jinsui Border Region and presented a flower basket to the revolutionary martyrs. The Supreme Leader said that during the revolutionary war years, Lvliang’s sons and daughters forged the great spirit of Luliang with their blood and lives. We should use this spirit in today’s era and continue to strive for a happy life for the people and the great rejuvenation of the Chinese nation.

  Heroes will live in our hearts forever.

  According to incomplete statistics, in modern times, about 20 million martyrs died heroically for national independence, people’s liberation, country’s prosperity and people’s happiness. Due to the limited conditions in the war years, many martyrs did not leave their names. Let’s pay tribute to the heroes and let’s relive the touching deeds of the martyrs!

  Comrade Li Dazhao is a pioneer of communism in China, a great Marxist, an outstanding proletarian revolutionary and one of the main founders of the Communist Party of China (CPC). He led and personally participated in the March 18th Movement against imperialism and northern warlords in Beijing, and was hated by the northern warlords. On April 28th, 1927, Comrade Li Dazhao died heroically at the age of 38.

  The "Five Heroes of Langyashan" refers to the five heroes of the Eighth Route Army who fought bravely against the Japanese army and the puppet Manchukuo army in the battle of Langyashan in Yixian County, Baoding City, Hebei Province during the War of Resistance against Japanese Aggression period. They are Ma Baoyu, Ge Zhenlin, Song Xueyi, Hu Delin and Hu Fucai. In the battle, they were fearless in the face of danger and bravely stopped. After the bullets were exhausted, they fought back with stones. Facing the approaching enemy, they would rather die than surrender, destroy their guns and jump off a cliff dozens of feet deep without hesitation.

  In the battle for the liberation of Longhua in 1948, Dong Cunrui, a soldier of the People’s Liberation Army, did not hesitate to hold up the explosive charge with his left hand and ignite the fuse with his right hand. The enemy bunker was blown up, and Dong Cunrui opened the way for the troops with his own life. He was only 19 years old when he died.

  Luo Yang, chairman and general manager of AVIC Shen Fei, was the on-site commander of 歼 15. China J -15 carrier aircraft successfully took off and landed the aircraft carrier "Liaoning Ship", which is a historic leap in China’s national defense construction. On November 25th, 2012, Luo Yang died at work due to overwork and sudden acute myocardial infarction. At the age of 51. General Secretary of the Supreme Leader made important instructions, highly praised Comrade Luo Yang’s outstanding contribution to the development of China’s aviation industry, and called on party member to learn from Comrade Luo Yang’s excellent quality and valuable spirit.

  Yu Xu, born in Chongzhou, Sichuan in 1986, is an air force captain and a second-class pilot. He was once the squadron leader of the Air Force Bayi Air Show Team and a revolutionary martyr. In April 2009, Yu Xu became one of the first batch of 16 female fighter pilots of the Air Force, and participated in the military parade for the 60th anniversary of the National Day in October. In July 2012, she became the first female pilot to fly the J -10 in China. On November 12, 2016, her Bayi Air Show Team had a first-class accident during flight training in yutian county, Tangshan City, Hebei Province, and Yu Xu died heroically.

  (This article comes from WeChat WeChat official account’s "No.1 Online", which is a new media platform for promoting major themes of CCTV, and is operated by the Publicity and Coordination Department of the editorial office. )

Zotye car rises! About 59,800, self-owned, fuel-efficient and open-resistant.

In the aspect of appearance design, the brand-new design concept of "Taoism is natural, wisdom and beauty are natural" is adopted. The front face adopts a hexagonal "Z"-shaped air intake grille, and the middle is equipped with silver chrome trim. The headlights on both sides are long, narrow and aggressive. The body lines are simple and smooth, and with the brand-new wheel hub design, it adds a sporty atmosphere. In the rear part, the taillight has a unique shape and high recognition after lighting. The exhaust layout is concealed. The body length is 4405 mm, the width is 1830 mm, the height is 1612, and the wheelbase is 2610 mm.

Entering the car, the overall layout of the interior is simple and generous. The center console is covered with a large number of soft touch materials, with chrome trim and leather materials, creating a strong sense of luxury. The 8.0-inch floating touch screen is equipped with an intelligent network connection system, which supports voice recognition control, remote viewing of vehicle status, and various online services. The three-position steering wheel has a full grip and a mechanical pointer instrument panel, which has a strong sense of technology.

The length, width and height are 4505×1830×1640mm respectively, and the wheelbase has reached 2610mm, ranking 172 in the same class. One bright spot is that its width reaches 1830mm, which reflects that the lateral space inside the car is not bad. Among the models of the same price and class, the trunk volume of Zotye T300 ranks 166th. The shape is very regular, and the storage volume is absolutely no problem for daily use.

Zotye T300 is equipped with a 1.5 engine with a maximum output of 82kW and a maximum torque of 143Nm. The whole power parameters are superior in power performance among engines of the same class, which can provide better power performance. Ranked sixth among more than 800,000 SUV models.

Zotye T300 has complete active/passive safety configuration, includingAutomatic parkingZero tire pressure endurance tireAutomatic parkingSteep slope descenthill start assist controlknee airbagHUD head-up displayAnti-lock braking (ABS)Braking force distribution (EBD/CBC, etc.)Brake assist (EBA/BAS, etc.)Traction control (ASR/TCS, etc.)Active noise reductionEngine start and stopSide safety air curtainWireless charging of mobile phonenight vision systemLED daytime running lightsForward reversing radarTire pressure monitoringSteering wheel heatingBody stability control (ESP/DSC, etc.)Rear reversing radarFatigue reminderRemote parkingChild seat interfaceLane keeping (LKAS)Equal configuration.

Among them,Automatic parkingYou can avoid stepping on the brakes for a long time or needing to pull frequently;Steep slope descentCan safely pass through steep slope road conditions at low speed;knee airbagReduce the injury of the car interior to the occupant’s knees in the secondary collision.

In addition to the above description, we can also go to the Easy Car Forum to browse more real car feedback from actual buyers, or use our experience.

Wenzhou ruled that nearly half of the pig’s feet in a case of smuggling frozen products came from the "African swine fever" epidemic area.

  On January 21, Wenzhou Intermediate People’s Court issued a first-instance judgment on the case of seven people, including Yang, smuggling goods prohibited from import and export by the state. It is understood that nearly half of the smuggled frozen products involved in this case came from the "African swine fever" epidemic area.

  The public prosecutor accused the defendant Yang of hiring other people involved in the case to barge more than 95 tons of frozen pig’s feet in the sea off Dongtou, Wenzhou on March 18, 2020, of which more than 45 tons came from "African swine fever" epidemic areas such as Greece and Poland, and more than 49 tons came from non-epidemic areas or unknown origin.

  According to reports, 6,993 pig’s trotters were involved, from Canada, Greece, Poland and other places. When the customs inspectors appeared in court as witnesses, they pointed out that according to the List of Animals and Their Products Prohibited from Imported from Countries and Regions with Epidemic Animal Diseases of the General Administration of Customs, Greece and Poland belong to African swine fever epidemic areas, and African swine fever is highly contagious to animals.

  The court held that seven defendants, including Yang and Lin, ganged up to smuggle goods prohibited by the state, and the circumstances were serious, which constituted the crime of smuggling goods prohibited by the state. The defendant, Yang, was once sentenced to fixed-term imprisonment for a crime, and committed the crime of being sentenced to fixed-term imprisonment or more within five years after the execution of the penalty. He was a recidivist and was sentenced to six years and six months in prison and fined 200,000 yuan. The defendant Lin and other six people were accomplices. The court sentenced Lin to one year and six months in prison according to the specific circumstances and fined him 100,000 yuan. The remaining five people were each sentenced to one year and six months in prison, suspended for two years, and fined 50,000 yuan.

The situation in South Ossetia has deteriorated sharply, and Russian troops are entering the conflict zone.


A TV screenshot shows an armored vehicle burning in Georgia.



The President of Georgia delivered a televised speech.



TV screenshots show that residents of South Ossetia are evacuating.


  After a brief ceasefire, Georgian troops launched a large-scale attack on South Ossetia from the air and ground on August 8, and announced that they had controlled most of South Ossetia. The conflict has caused 15 deaths. Georgian President Saakashvili made a televised speech to the people on the 8 th, announcing the mobilization of reserve soldiers in Georgia.


  According to Russian TV reports, Russian troops and tanks entered South Ossetia on the 8th. At the request of Russia, the United Nations Security Council held an emergency meeting on the conflict in South Ossetia, Georgia, late at night on the 7th.


  Georgia


  Control most of South Ossetia.


  Want to control the whole territory in the shortest time


  At 3: 30 am local time on the 8th, Georgian troops dispatched tanks and infantry to attack the southern suburbs of Tskhinvali, the capital of South Ossetia. The commander of Georgia’s peacekeeping force in South Ossetia said: "We are forced to take action to restore constitutional order in the whole region." Yakobashvili, Minister of State for Georgian Unification Affairs, said: "Georgian troops surrounded Tskhinvali." He said that Georgian government forces have recovered five South Ossetian villages. Yakobashvili also said that Georgia hopes to control the whole territory of South Ossetia in the shortest time. Yakobashvili did not disclose Georgia’s strength in the conflict area of South Ossetia. He said that there were casualties between the warring sides, but the number of injuries and deaths in Georgia was "much less".


  At present, the central government of Georgia has controlled two-thirds of South Ossetia.


  National call for reserve personnel


  Georgian President Saakashvili announced in a televised speech on August 8: "Most of the territory of South Ossetia has been controlled by Georgia …" He said that Georgian troops have occupied the suburbs of Tskhinvali and are currently fighting in Tskhinvali. At the same time, he announced the full mobilization of Georgian troops and the convening of reserve personnel.


  Georgian government forces and South Ossetian militants clashed in several villages around Tskhinvali, the capital of South Ossetia, on the 7th. Georgian President Saakashvili issued a cease-fire order later on the 7th and announced that South Ossetia would be granted "full autonomy". According to Saakashvili, the Georgian army immediately unilaterally stopped fighting back against South Ossetia. However, shortly after Saakashvili announced the ceasefire, the gunfire around Tskhinvali resumed on the 8 th, and heavy weapons shooting and huge explosions continued to come, and the sky was reflected red.


  Accusing Russian warplanes of bombing Georgian villages.


  The Georgian Interior Ministry said that three Russian bombers attacked Georgian villages on the 8th. "Three Russian Su -24 bombers entered Georgian airspace on the 8th. One of the planes dropped two bombs near the Cattell regional police station. " A spokesman for Georgia’s Ministry of Interior said that it was a Georgian village near South Ossetia. A spokesman for the Russian Foreign Ministry said: "This is nonsense, saying that Russian planes flew into Georgia and one of them was shot down." The Russian military also said that the Russian peacekeeping force in Tskhinvali was shelled by Georgian troops and some soldiers were killed.


  South Ossetia


  The gunfire went up to the sky, and the capital was cut off from electricity and water.


  The capital has been cut off from electricity and water.


  According to South Ossetia, Georgian tank columns and infantry are advancing in the direction of Tskhinvali, several buildings in the city center are burning, and the parliament building has been burned down. The government complex was damaged. Multi-storey residential buildings and other buildings in the city center caught fire, and most of the capital Tskhinvali was destroyed. The city has been cut off from electricity and water, and communication is intermittent. Tskhinvali civilians hid in the basement of their houses to avoid gunfire.


  The commander of the Russian peacekeeping force in South Ossetia said that Georgia dispatched five Su -25 planes to bomb villages in South Ossetia. The pictures broadcast by Russian TV show that the artillery fire is so fierce that people can hardly walk in Tskhinvali. Russian TV reporters said that at least 15 people were killed in Georgian gunfire.


  Thousands of volunteers went to South Ossetia.


  Cocoi, leader of South Ossetia, said on the same day that Georgia had not occupied Tskhinvali. At the same time, many volunteers from Russia and Abkhazia, another part of Georgia, rushed to South Ossetia to participate in the war. Mamu zuroff, leader of the Russian Republic of North Ossetia, said: "Hundreds of volunteers are rushing from North Ossetia to South Ossetia, and it is difficult for us to stop them." Abkhaz leader Sergei BAGAPSH also said: "About 1,000 volunteers are leaving for South Ossetia."


  More than 2,000 residents of South Ossetia were accepted.


  Gokoyeva, press director of the Russian Republic of North Ossetia, announced on the 8th that as Tskhinvali, the capital of South Ossetia, was shelled by Georgian armed forces, North Ossetia was ready to receive more than 2,000 residents who voluntarily evacuated there.


  Gokoyeva said that it is expected that the number of people evacuated from South Ossetia to Russia will increase. North Ossetia has sent transportation to meet these people and arranged accommodation for them.


  Russia


  The conflict has escalated into war.


  The situation in South Ossetia is "unprecedentedly dangerous"


  This is the most serious conflict in South Ossetia recently. Russian Deputy Foreign Minister grigori Carracin said that Russia considers the current situation in South Ossetia "unprecedented danger". Russian media reported that the conflict between Georgia and South Ossetia has escalated into a war. Senior officials of the Russian Foreign Ministry held an emergency meeting to discuss the situation.


  The Russian Foreign Ministry issued a statement accusing the Georgian army of "preparing for war". This statement was refuted by the Georgian government. Saakashvili said that the unstable situation in South Ossetia is not in Georgia’s interest. Yuri popov, the Russian special envoy who rushed to South Ossetia, said: "Georgia’s treachery and attack are completely unreasonable, which shows that Georgian leaders have no credibility at all." He said that NATO should reconsider its plan to admit Georgia.


  Putin said Russia had to retaliate.


  Russian Prime Minister Vladimir Putin condemned Georgia’s "provocation" on the 8th, saying that Russia would have to retaliate. "Unfortunately, before the opening of the Olympic Games, the Georgian authorities took provocative actions in South Ossetia," said Putin, who came to Beijing to attend the opening ceremony of the 2008 Beijing Olympic Games. "They actually started hostilities with tanks and artillery. This incident is sad, which will trigger retaliatory measures. " Putin said that he discussed the situation in South Ossetia with US President George W. Bush and other leaders.


  Russian President Dmitry Medvedev presided over an emergency meeting of the National Security Council on the 8th to discuss the situation in South Ossetia. Medvedev promised that Russia will protect the lives of Russian citizens in South Ossetia.


  According to reports, the South Ossetian authorities announced on the 8 th that a Russian armored force was advancing into Tskhinvali, the capital of Georgia’s South Ossetia Autonomous Prefecture. Georgian President Saakashvili said that about 150 Russian tanks, armored vehicles and other vehicles have entered South Ossetia.


  Security Council (of the United Nations)


  Failed to adopt the draft statement drafted by Russia.


  At the request of Russia, the United Nations Security Council held an emergency meeting on the conflict in South Ossetia, Georgia, late at night on the 7th. In closed consultations that evening, the Security Council discussed a draft statement drafted by Russia. The draft expresses serious concern about the escalation of violent conflicts between Georgian troops and armed men in South Ossetia, and calls on both sides to immediately stop bloody conflicts and give up the use of force.


  Diplomats attending the meeting said that the United States, Britain, Georgia and some delegates refused to accept the wording of the statement "all parties are required to renounce the use of force." The Security Council finally failed to adopt this draft statement. After closed-door consultations, the Security Council immediately turned to an open meeting from the early morning of the 8th. Russian Permanent Representative to the United Nations Mikhail Churkin said that Russia requested this emergency meeting because of Georgia’s large-scale military action against South Ossetia, which threatened the security of the region. Churkin said that the Security Council must immediately call on both sides to stop hostilities and renounce the use of force.


  Alasania, Georgia’s Permanent Representative to the United Nations, said that Georgia’s military action was an act of self-defense after repeated provocations, and he accused South Ossetia militants of violating the ceasefire agreement and taking extreme violence. He said that the Georgian government is willing to resume peace talks immediately and called on South Ossetia to stop military operations.


  Information on the origin of South Ossetia issue


  South Ossetia is an autonomous prefecture of Georgia, mainly composed of Ossetians, Russians and Georgians. South Ossetia borders Russia’s North Ossetia. Since 1989, South Ossetia has demanded to merge with North Ossetia in Russia. After the disintegration of the Soviet Union, South Ossetia Autonomous Prefecture has been seeking independence and disobeying the jurisdiction of the Georgian central government.


  South Ossetia passed a referendum in January 1992, demanding the establishment of an independent Republic and the merger with North Ossetia. Therefore, the contradiction between the Georgian central government and the local authorities in South Ossetia has deteriorated sharply, leading to a large-scale armed conflict.


  The contradiction between the Georgian central government and the local authorities in South Ossetia has also seriously affected the relations between Russia and Georgia. For a long time, due to the close relationship between South Ossetia authorities and Russia, Georgia often accused Russia of secretly supporting South Ossetia.


  On June 24, 1992, the top leaders of Russia, Georgia, South Ossetia and North Ossetia held talks for the first time on the peaceful settlement of the armed conflict in South Ossetia, and reached an agreement on the realization of a ceasefire, the establishment of a peacekeeping force and a supervision Committee. Subsequently, the two sides of the Georgian-Austrian conflict achieved a ceasefire. According to the agreement, Russia, Georgia, South Ossetia and North Ossetia set up a quadripartite mixed supervision committee to resolve the conflict between Georgia and Austria. The mixed peacekeeping force composed of Russia, Georgia and South Ossetia is responsible for carrying out peacekeeping missions in conflict areas. In November 2006, South Ossetia once again held a referendum on independence, and the overwhelming majority of citizens supported the independence of South Ossetia. But this result has not been recognized by the international community.

Editor: Zhang Renhe

Be alert! A number of technical indicators of US stocks are releasing ominous signs.

Source: Zhitong Finance APP

  Zhitong Finance has noticed that the technical indicators used by analysts to measure the health of the US stock market have turned sharply, which has further aggravated the market’s concern that the S&P 500 index, the benchmark of the US stock market, may revisit the staged low point when the market plunged in mid-June.

  The benchmark S&P 500 index has fallen by 7% since mid-August, after a sharp rebound in the summer. Analysts generally believe that this round of decline is mainly due to the market’s expectation that the Fed will raise interest rates to a level higher than previously expected, and "at all costs" will lower the consumer price index (CPI) from a 40-year high, and it is difficult for the market to expect the Fed’s monetary policy to turn loose in the future.

  Technical indicators collectively issued an alarm.

  The recent weakening of the Standard & Poor’s 500 Index gives analysts who follow the technical phenomena of the market (such as breadth, trends and trading patterns) to provide the basis for investment decision-making more reasons to be cautious. Although just a few weeks ago, these indicators hinted that there would be optimistic prospects, they now show a completely different picture, which makes investors worry that the selling in the US stock market this year may not be over yet.

  John Kolovos, chief technical strategist of Macro Risk Advisors, said: "In view of the severity of the US stock market in the past three weeks, I have to downgrade the market from a technical level." "At this critical moment, the possibility of the market rebounding from the bottom in June has been reduced, which may only be slightly higher than the possibility of flipping a coin to guess the pros and cons."

  "Market breadth"-generally speaking, it is one of the important technical indicators focused by investors, which shows whether a large number of stocks are rising or falling simultaneously. Positive "market breadth", that is, the number of stocks rising is more than the number of stocks falling, shows that investors who are bullish on the stock market are full of confidence.

  Recently, "market breadth" has begun to send out disturbing signals. The proportion of stocks traded above the 50-day moving average of the Russell 3000 index has dropped from about 86% in mid-August to about 30%.

  "We want to see this indicator stabilize at the current level," Kolovos said. "We really don’t want to see it much lower than the 25% level."

  At the same time, statistics from Thrasher Analytics show that the 15-day moving average statistical indicator (another indicator to measure the market breadth) of the S&P 500 index stocks hit a three-month low percentage has climbed from slightly above zero in mid-August to about 10%. At the stage low in June, the ratio was about 60%.

  Andrew Thrasher, the founder of the company, said: "We are watching whether the bearish range will continue to expand." "If we see the ever-expanding ratio of record lows, it will bring huge downward pressure on the index."

  In addition, as shown in the above figure, the S&P 500 index has been hovering below the 200-day moving average for five consecutive months, the longest duration since May 2009.

  According to the statistics of BofA Global Research, historically, the return rate of the index (S&P 500) was about -3.56% in September, which was lower than the 200-day moving average of the mid-term election year in the United States (the mid-term election in 2022 will be held in November local time). The index has risen by about 1% so far this month.

  Generally speaking, technology stocks have been hit particularly hard in recent weeks. The Nasdaq Composite Index, which is dominated by technology stocks, has fallen by about 10% since mid-August. Some technical observers believe that the index will encounter more challenges in the future. Recently, the index has formed a trend reversal from multi-to-empty, which is called "head and shoulders top" by technical analysts.

  As the above chart shows, earlier this year, the index has broken through the so-called "neckline" area, which is a bearish trend. Brian LaRose, an analyst at ICAP, said that if it falls below the recent low of about 10,500 points, the Nasdaq may go down to the low level of 8,800 points. The index closed at 11,862 points on Thursday.

  The trend of US bond yield is very critical!

  Of course, technical indicators may improve or deteriorate, because the market may fluctuate greatly. For example, investors often adjust their expectations according to factors such as the trend of US bond yields. US bond yields are driven by monetary policy expectations and are closely related to the performance of US stocks this year.

  As the above chart shows, since this year, the yield of US bonds has shown a very strong negative correlation with US stocks. The benchmark 10-year US bond yield hit a stage high of nearly 3.5% on June 14th, and then the S&P 500 index hit a recent low.

  Although U.S. stocks briefly rebounded during the summer decline in yield, the recent rebound in yield was accompanied by the market falling into a downturn again since mid-August, and the yield of 10-year U.S. bonds is currently near the highest level since June 16.

  At the same time, excluding inflation, the US 10-year treasury inflation-protected securities yield, also known as the real rate of return, which is regarded as the key driver of risky asset prices, even reached 0.88% on Thursday, close to the highest level since 2019. Since then, it has fallen back to 0.84%, but it is still close to a three-month high.

  Mark Newton, a well-known technical strategist from Fundstrat, said: "The trend of US bond yields may have an important impact on the US stock market in the coming months. My personal opinion is that the yield has begun to approach the peak, so it is possible to continue to rise. "

Reporting/feedback

The "Yuan Mi" sold in the live broadcast room was sentenced to infringement: infringement of Yuan Longping’s name and portrait rights.

Viya live room sells "Yuan Mi" Hunan High Court map.

  Viya live room sells "Yuan Mi" Hunan High Court map.

  Yuan Mi, which once sold well in Viya’s live broadcast room, was personally authorized by Academician Yuan Longping? What does it have to do with Academician Yuan Longping? On April 26th, Hunan Higher People’s Court informed that Yuan Mi had infringed Yuan Longping’s right to name and portrait.

  In April 2020, Yuan Longping Agricultural Hi-Tech Co., Ltd. (hereinafter referred to as Longping Hi-Tech) discovered that Yuanmi Agricultural Technology Co., Ltd. (hereinafter referred to as Yuanmi Company), Qianxun (Hangzhou) Culture Media Co., Ltd. and Huang Wei (net name "viya VIYA") were suspected of infringing Yuan Longping’s right to name and portrait, and issued a warning letter. Since Yuanmi Company has never stopped using Yuan Longping’s name and portrait in its WeChat WeChat official account and related articles on its website, Longping Hi-Tech sued the court.

  The Paper learned from Hunan High Court that recently, the Hunan Higher People’s Court concluded this unfair competition dispute case in the second instance: it ordered Yuanmi Company to immediately stop the unfair competition in commercial use of Yuan Longping’s name and portrait and compensate Longping Hi-Tech for economic losses of 100,000 yuan.

Yuan Longping's name and portrait used by Yuanmi Company for publicity. Yuanmi Company official website Map

  Yuan Longping’s name and portrait used by Yuanmi Company for publicity. Yuanmi Company official website Map

  "Yuan Mi" sold rice with the name and portrait of "Yuan Longping" and was sued to the court.

  Longping Hi-Tech is an agricultural science and technology listed company established in 1999, with a registered capital of 1.317 billion yuan. Its business scope includes crop planting and sales, processing and sales of agricultural and sideline products, etc. It has certain influence in the field of agricultural seed industry.

  In order to regulate the commercial use of Academician Yuan Longping’s name right and portrait right, Yuan Longping signed the Yuan Longping Brand Right License Agreement with Longping Hi-Tech before his death, and the company obtained the exclusive commercial right to use Academician Yuan Longping’s name and portrait in its business activities.

  On April 20, 2020, Longping Hi-Tech discovered that Yuanmi Company, Qianxun (Hangzhou) Culture Media Co., Ltd., Huang Wei (net name "viya VIYA") and Taobao were suspected of infringing on Yuan Longping’s right to name and portrait, so it applied to Changsha Notary Office for notarization and evidence collection, and preserved the relevant contents of Yuanmi Company’s WeChat WeChat official account, company website and Taobao shop.

  On April 23, 2020, Longping Hi-Tech issued a "Warning Letter" to Yuanmi Company, demanding that Yuanmi Company "immediately stop selling counterfeit products on the Internet and other channels ‘ Yuan Longping ’ The behavior of selling infringing goods, such as rice, removes relevant web pages; Without legal authorization, it is forbidden to use Yuan Longping’s related names, portraits and trademarks for commercial promotion, or to establish contact with Yuan Longping when promoting related commodities. ".

  On the same day, Longping Hi-Tech also issued a Warning Letter to Qianxun (Hangzhou) Culture Media Co., Ltd., and the products of Yuanmi Agricultural Technology Co., Ltd. were suspended from live broadcast. Since Yuanmi Company has never stopped using Yuan Longping’s name and portrait in its WeChat WeChat official account and related articles on its website, Longping Hi-Tech sued the court.

  On April 26th, The Paper logged into official website of Yuanmi Company, and the company said, "‘ Yuan Mi ’ It is the brand of Yuanmi Agricultural Technology Co., Ltd. and the terminal brand of sea rice. "

  The official website News Center of the company reprinted a report of Jinan Daily on May 23rd, 2021. The report writes: A company in Jinan once participated in the "Sea Rice" project in Yuan Longping, and will launch the "Revival of Yellow River Rice" project in Pingyin, inheriting Yuan Lao’s legacy that "rice should not only be full but also eat well", so that more people can eat high-quality rice — — The name of this company is "Yuanmi", which is authorized by Yuan Longping himself.

  The report also interviewed Liu Rihui, chairman of Yuanmi Agricultural Technology Co., Ltd. According to the report, "Yuanmi" is the first terminal brand of sea rice, and it is a market-oriented promotion subject based on the Sea Rice Research and Development Center led by Yuan Longping. Yuan Longping authorized the word "Yuan" as the brand name for Yuanmi. "Under the active promotion of Yuan Mi, on October 15, 2019, Yuan Longping met with Viya at Changsha National Hybrid Rice Research Center and authorized Viya to be ‘ Chinese pioneers ’ Ambassador for promotion of sea rice. On October 16th, 430,000 kilograms of ‘ Yuan Mi ’ It was sold out in one second in the Viya live broadcast room and sold to all parts of the country through the Taobao live broadcast platform. It is a milestone and important measure for sea rice to enter the Taobao live broadcast room and empower agricultural ecology with the Internet. "

  Yuanmi Company sued for confirmation of non-infringement, and the court ruled that it was transferred to Changsha Intermediate People’s Court for joint trial.

  According to a ruling of Lixia District People’s Court published by China Judgment Document Network, Yuanmi Company filed a lawsuit with the court, requesting to confirm that its use of words and portraits related to "Yuan Longping" did not infringe the exclusive right to use the trademark of "Yuan Longping".

  Yuanmi Company claims that Academician Yuan Longping, as an executive of Qingdao Yuance Group Co., Ltd., an affiliated enterprise of Yuanmi Company, jointly developed and created "Yuanmi" sea rice with the plaintiff, and the plaintiff’s use of "Yuan Longping" characters and portraits in the process of sales and publicity is a description of objective facts, which is a legitimate use. At the same time, the plaintiff’s use of "Yuan Longping" characters and portraits in the process of sales and publicity is not a trademark use. In the publicity and sales pages involved in the case, the plaintiff’s official website and the related publicity pages of WeChat WeChat official account all marked "Yuanmi" or "Yuanmi Brand" in a prominent position. When Taobao anchor Viya sold the products of "Yuanmi" live, the plaintiff’s registered trademark of "Yuanmi" was prominently used in the icons and links of related products. The words related to "Yuan Longping" were only statements of facts and did not have the function of identifying the source of goods, so the plaintiff’s behavior did not belong to it. The plaintiff’s use of words and portraits related to "Yuan Longping" is to introduce Academician Yuan Longping, the co-founder of "Yuanmi" brand, and to state the rational use of relevant background materials of commodities.

  The Lixia District Court of Jinan held that this case was a dispute over the confirmation of non-infringement of trademark rights. However, before Yuanmi Company filed a lawsuit, Longping Hi-Tech sued Yuanmi Company for stopping using the name of "Yuan Longping" and the portrait of Academician Yuan Longping, and Changsha Intermediate People’s Court filed a case on July 30, 2020. The Lixia Court held that the above two cases were non-infringement litigation and infringement litigation arising from the same fact, both of which were independent litigation. This case was not absorbed because the other party filed an infringement lawsuit, but in order to avoid repeated trials in different courts on the same fact, it should be combined according to law.

  Finally, the case was ruled to be transferred to the Intermediate People’s Court of Changsha City, Hunan Province.

The name and portrait of Academician Yuan Longping were used many times when selling "Yuan Mi" in Viya Live Studio. Hunan high court map

  The name and portrait of Academician Yuan Longping were used many times when selling "Yuan Mi" in Viya Live Studio. Hunan high court map

  Hunan court: it constituted unfair competition and awarded 100,000 yuan.

  In response to Longping Hi-Tech’s infringement lawsuit against Yuanmi Company, Changsha Intermediate People’s Court found that Yuanmi Company’s use of Yuan Longping’s name and portrait in its WeChat WeChat official account and related articles on its website belongs to the introduction and publicity by associating Academician Yuan Longping’s name and portrait with its company and its sea rice products, and all belong to commercial use. This behavior will confuse consumers and make them think that Yuanmi Company’s products are recommended or endorsed by Academician Yuan Longping.

  In the Cooperation Agreement signed by Yuanmi Company and Academician Yuan Longping in 2018, Yuan Longping only provided comprehensive guidance for Yuanmi Company’s scientific research in the field of rice taste and food safety. The matters agreed in the Cooperation Agreement have nothing to do with the R&D and promotion of sea rice products, nor does it involve the relevant agreement that Yuan Longping allows Yuanmi Company to use its name and portrait in its business activities. Yuanmi Company has also failed to submit effective evidence to prove that the sea rice products involved are the fact that Yuan Longping and his R&D team have researched and developed them.

  The court held that Academician Yuan Longping had made great contributions to human food security, and all kinds of social subjects should respect his name and portrait, and use it prudently and normatively. In particular, business entities should adhere to the principle of seeking truth from facts when publicizing their cooperation with Yuan Longping, and should not fabricate and exaggerate the degree of cooperation between the two sides, so as to mislead consumers and gain commercial benefits.

  In this case, Yuanmi Company made commercial use of Yuan Longping’s name and portrait in articles promoting products of companies such as sea rice without permission, but it could not prove the degree of correlation between Yuan Longping and its promotional products, nor could it prove that the degree of correlation was consistent with the contents described in the promotional articles involved.

  The court held that the commercial use of Yuanmi Company infringed the commercial exclusive license rights of Yuan Longping’s name and portrait obtained by Longping Hi-Tech, and violated the principle of good faith and recognized business ethics, which easily led to confusion and misunderstanding among consumers and increased the risk of mistaken purchase, and it was an unfair competition situation regulated by Article 2 and Item 4 of Article 6 of the Anti-Unfair Competition Law. Therefore, it was decided that Yuanmi Company would immediately stop the unfair competition in commercial use of Yuan Longping’s name and portrait, and compensate Longping Hi-Tech for its economic loss of 100,000 yuan.

  After the judgment of the first instance was made, both parties appealed. The judgment of Hunan High Court in the second instance: the appeal was dismissed and the original judgment was upheld.

  Judge’s statement: Longping Hi-Tech’s commercial monopoly on the use of Yuan Longping’s name and portrait is protected by law.

  Academician Yuan Longping is an academician of China Academy of Engineering and an expert in hybrid rice breeding in China. He is known as the "father of hybrid rice" in China. His related research achievements have made great contributions to mankind. Yuan Longping’s name and portrait are deeply rooted in people’s hearts and have a high reputation. Zeng Zhiyan, a senior judge of the Third People’s Court of Hunan Higher People’s Court, believes that the use of Academician Yuan Longping’s name and portrait involves not only Yuan Longping’s personal interests, but also social public interests and related commercial interests, and all kinds of social subjects, especially commercial subjects, should be cautious and standardized.

  Yuan Longping signed the Yuan Longping Brand Rights License Agreement with Longping Hi-Tech before his death, which comprehensively stipulated the commercial rights of exclusive license to Longping Hi-Tech to use Yuan Longping’s name and portrait in business activities, the scope of license, the scope of license area, the evaluation and payment of license fees, and the license period. After Yuan Longping’s death, his successor made supplementary agreement and confirmation on the licensing period and other matters stipulated in the agreement. This agreement is the true intention of the parties concerned, and it does not violate the laws of our country. The legitimacy and economic attribute of Longping Hi-Tech’s commercial exclusive right to use Yuan Longping’s name and portrait based on this agreement should be protected by law.

  However, Yuanmi Agricultural Science and Technology Co., Ltd. used Yuan Longping’s name and portrait in articles related to the promotion of products such as sea rice without permission when the Cooperation Agreement signed with Yuan Longping was not related to the R&D and promotion of sea rice, and there was no evidence to prove that the sea rice products promoted by Yuanmi Agricultural Science and Technology Co., Ltd. were developed by Academician Yuan Longping or his R&D team, which had obvious subjective intention to cling to Yuan Longping’s popularity and grab the commercial value behind Yuan Longping’s name and portrait. Its commercial use violates the principle of good faith, disturbs the market competition order and violates the recognized business ethics, and should be punished by law.

  "Yuan Longping", a brand of China grain, is the fruit of wisdom and sweat of several generations of China scientists, such as Academician Yuan Longping, who have worked hard to develop hybrid rice. The court’s timely regulation of unfair competition behavior of Yuanmi Agricultural Science and Technology Co., Ltd. is conducive to standardizing the market competition order and promoting the rapid development of the industry, which fully embodies the people’s court’s judicial function and highly respects and strongly protects the scientific research achievements of scientists including Yuan Longping.

The New Connotation of the Supreme Leader’s Diplomatic Thought in Theory and Practice

  This year marks the 75th anniversary of the victory of the World Anti-Fascist War and the founding of the United Nations. The sudden global epidemic of COVID-19 and the unprecedented changes in the world in a century have interacted with each other, accelerating the changes in the international situation. Faced with the superposition of multiple crises, most countries advocate that only by helping each other in the same boat can we tide over the difficulties. However, a few big countries have gone against the trend, and unilateralism has become increasingly fierce. They have used multilateral mechanisms or treaties together, rejected them if they disagree, and beggar their neighbors in an attempt to provoke a "new cold war", seriously undermining the international system with the United Nations as the core and threatening world peace and development. In the post-epidemic era, what kind of future the world needs and what kind of United Nations the world needs come one after another, and there is an urgent need for powerful and accurate answers.

  At the critical historical moment, the Chairman of the Supreme Leader attended a series of high-level meetings on the 75th anniversary of the founding of the United Nations and delivered an important speech, putting forward many new expositions and new ideas on how to build a more just and rational international order, effectively respond to global challenges, and lead the common development in the post-epidemic era, explaining with actions that "a big country should have a big look". Chairman Supreme Leader’s speech was penetrating, with profound thoughts and rich connotations. He made a strong voice of shouldering historical responsibility and defending multilateralism, further established China’s image of safeguarding international fairness and justice, and won wide recognition and respect from the international community. These new expositions and propositions have further enriched and developed the theoretical and practical connotations of the Supreme Leader’s diplomatic thoughts, and have important theoretical and contemporary values.

  Defending multilateralism China is not absent

  When the United Nations was born 75 years ago, its original intention was to "save future generations from the unspeakable scourge of war in this generation". As one of the founding members of the United Nations, China was the first country to sign the Charter of the United Nations. Seventy-five years later, the world is at a new crossroads, with multiple crises and challenges intertwined, and the contest between multilateralism and unilateralism, mutual benefit and win-win and zero-sum game is becoming increasingly fierce. At the critical juncture of the historical turning point, China stepped forward and demonstrated its role as a great power. Chairman Supreme Leader focused on how to build a new type of international relations and a community of human destiny, reaffirmed his firm commitment to the purposes and principles of the UN Charter, made a new judgment on the evolution of the international order and the risks and challenges facing the world in the post-epidemic era, and put forward an eye-catching China plan on major issues such as where the world should go and what China should do. It was forceful, thought-provoking and of great significance.

  In his important speech at the 75th anniversary summit of the United Nations, the Chairman of the Supreme Leader put forward four suggestions: upholding justice, enforcing the rule of law, promoting cooperation and focusing on action. These important suggestions face up to the severe challenges faced by the United Nations in the new situation, and meet the ardent expectations of the people of all countries. They not only affirm the positive role of the United Nations, but also put forward very distinctive constructive opinions with China characteristics for the future direction of the United Nations and the key issues facing mankind. Their core is in the same strain as the spirit of the Charter of the United Nations, and the spiritual essence of the Charter of the United Nations is multilateralism. China’s defence and care for multilateralism is the best commemoration of the victory of the world anti-fascist war and the 75th anniversary of the founding of the United Nations.

  In response to the impact of the COVID-19 epidemic, there are different voices in the international community. In his speech at the general debate of the 75th United Nations General Assembly, the Chairman of the Supreme Leader profoundly expounded the enlightenment brought to us by the COVID-19 epidemic, stressing that we live in an interconnected global village and share weal and woe together. We should establish a sense of community of destiny, jump out of small circles and zero-sum game thinking, establish the concept of big family and win-win cooperation, abandon ideological arguments, cross the trap of clash of civilizations, respect each other’s independent choice of development paths and models, and make world diversity the progress of human society. The views on building an open world economy put forward by the Supreme Leader in his speech have injected new impetus into global anti-epidemic cooperation and broadened our thinking.

  Lucid waters and lush mountains are invaluable assets’s concept and the new development concept of innovation, coordination, green, openness and sharing are the important contents of the supreme leader’s ecological civilization thought. The Chairman of the Supreme Leader pointed out at the United Nations Biodiversity Summit that adhering to ecological civilization and enhancing the driving force for building a beautiful world have set a new benchmark for global ecological civilization construction. The Chairman of the Supreme Leader emphasized maintaining green development, cultivating the vitality of high-quality economic recovery after the epidemic, enhancing the sense of responsibility and enhancing the mobility to deal with environmental challenges. All countries should speed up the formation of a green development mode and lifestyle, build an ecological civilization and a beautiful planet, promote the "green recovery" of the world economy after the epidemic, gather together the strong synergy of sustainable development, and integrate man and nature, economic development and environmental protection into one, so as not to lose sight of one thing and lose sight of another.

  As a permanent member of the Security Council, China is duty-bound to support the cause of the United Nations. Despite great changes in the international situation and some unprecedented challenges and risks, China’s adherence to the Charter of the United Nations and its support for multilateralism are unwavering. Hit the floor, Chairman of the Supreme Leader, clearly pointed out that we should stick to the road of multilateralism and safeguard the international system with the United Nations at the core. China’s clear stand is crucial to the future development of the United Nations, which has effectively boosted the international community’s confidence in the United Nations and resonated with the international community.

  Maintaining fairness and justice China is not absent.

  China advocates following the purposes and principles of the UN Charter, insisting that all countries, big or small, strong or weak, rich or poor, are equal, promoting the democratization of international relations and safeguarding international fairness and justice. However, some big countries are always condescending, interfering in other countries’ internal affairs at every turn, and are keen on engaging in long-arm jurisdiction, unilateralism and bullying, "decoupling" and "retreating from the group", seriously undermining the norms of international relations and seriously weakening the authority of the United Nations. In this regard, UN Secretary-General Guterres warned that the world is no longer bipolar or unipolar, but is changing towards multipolarization. The COVID-19 epidemic has cast a shadow over today’s world, but at the same time it is urging us to take immediate action. "If we can’t come together under the proper global mechanism, we will be crushed by division and chaos." Guterres called for innovative thinking on global governance and multilateralism to meet the needs of the 21st century.

  Nowadays, most countries in the world are developing countries, and most people live in developing countries. How to ensure that each country has an inalienable right to independence and everyone enjoys an equal right to survival and development has a long way to go. Under the epidemic examination, the global governance deficit needs to be filled urgently, and the key is how to better safeguard fairness and justice. In the face of complicated challenges, China is not afraid of power, arguing that world affairs need to be discussed and handled by all countries, and no country has the power to take charge of international affairs, dominate other countries’ destiny and monopolize development advantages. China firmly stands on the right side of history, taking a clear-cut stand to safeguard the spirit of the UN Charter and international fairness and justice.

  The Chairman of the Supreme Leader pointed out that mankind has entered a new era of interconnection, and the relations and interests of all countries can only be coordinated by systems and rules, and no one can listen to the fist. Relying on the cold war mentality, drawing a line with ideology and playing a zero-sum game can neither solve domestic problems nor meet the common challenges facing mankind. Chairman of the Supreme Leader emphasized that there is only one system in the world, that is, the international system with the United Nations as its core; There is only one set of rules, that is, the basic norms of international relations based on the United Nations Charter. China never engaged in ideological confrontation, never advocated decoupling, and never wanted to dominate the country. Safeguarding international fairness and justice and firmly supporting multilateralism are in line with the general consensus and expectation of the international community. China upheld justice on the United Nations stage, stirred up turmoil and made clear the common aspiration of the international community. The persistence of China and the vast number of peace-loving countries has effectively safeguarded the international system with the United Nations at its core and made the consensus on building a community of human destiny more deeply rooted in the hearts of the people. In fact, solving problems through unity and cooperation and building a community of human destiny together are the only way to build a more just and rational new international order.

  Focus on action. China is not absent

  The Chairman of the Supreme Leader emphasized focusing on action, pointing out that "you can’t just prescribe drugs, but you can’t see the effect". China is an active actor, advocating and unswervingly taking the road of multilateralism, safeguarding world peace, promoting development and protecting human rights, and its performance and achievements are remarkable.

  China has become a key force in United Nations peacekeeping. China actively participates in international peacekeeping operations, and is the second largest contributor and contributor to the United Nations and the largest troop contributor as a permanent member of the Security Council. The white paper "Thirty Years of China’s Military Participation in United Nations Peacekeeping Operations" issued by the State Council Information Office points out that it has always been the initial intention and mission of China’s military participation in United Nations peacekeeping operations to fulfill its role as a great power, safeguard world peace and serve to build a community of human destiny. Since 1990, China has participated in 25 UN peacekeeping operations in more than 20 countries and regions, and has sent more than 40,000 peacekeepers. Moreover, as a permanent member of the United Nations Security Council, China upholds fairness and justice, constantly explores and practices solutions to regional hot issues with China characteristics, persuades peace and promotes talks, and promotes regional peace and stability. China declared that it would never seek hegemony, expansion or sphere of influence, and insisted on bridging differences through dialogue and resolving disputes through negotiation, thus making important contributions to world peace and stability.

  China’s successful poverty reduction has enhanced the confidence of developing countries and made an outstanding contribution to global development. China is confident that all the rural poor will be lifted out of poverty as scheduled under the current standards, and the poverty reduction goal of the United Nations Agenda for Sustainable Development in 2030 will be achieved 10 years ahead of schedule. At the same time, China has established itself, extended a helping hand to developing countries in a timely manner, and actively contributed to international development. The epidemic has made the global poverty reduction even worse. It is estimated that nearly 100 million people will fall into extreme poverty again, especially women and children. It is urgent to strengthen South-South cooperation and promote sustainable development. Through the South-South Cooperation Assistance Fund, China cooperated with the United Nations and other international organizations to implement development cooperation projects in the fields of food aid, disaster relief, refugees, health, women and children in nearly 40 countries, which was well received. Chairman of the Supreme Leader announced that China will provide another US$ 50 million in support to the United Nations global humanitarian response plan for the COVID-19 epidemic; China will set up the third phase of China with a scale of 50 million US dollars — FAO Trust Fund for South-South Cooperation; China — The United Nations Peace and Development Fund will be extended for five years after its expiration in 2025; China will set up the United Nations Global Geographic Information Knowledge and Innovation Center and the International Research Center for Sustainable Development Big Data, which will provide new assistance for the implementation of the United Nations 2030 Agenda for Sustainable Development.

  China established sustainable development as a national strategy and remolded the concept of development, believing that human society is a community of destiny, and that man and nature are also a community of destiny. China will host the 15th Conference of the Parties to the Convention on Biological Diversity next year, with the theme of "Ecological Civilization: Building a Community of Life on Earth", and share with the international community the experience of biodiversity management and ecological civilization construction. As the largest developing country in the world, China is willing to shoulder its international responsibilities to the best of its ability and make greater efforts and contributions to achieve the goals set by the Paris Agreement on Climate Change. China has achieved the related goals of tackling climate change and establishing nature reserves in 2020 ahead of schedule. Focusing on the post-epidemic era, China put forward the important concept of building a beautiful world and "green recovery" and strengthening the harmonious relationship between man and nature in order to achieve sustainable and high-quality development.

  At the high-level meeting of the United Nations General Assembly commemorating the 25th anniversary of the Beijing World Conference on Women, the Chairman of the Supreme Leader highly affirmed the role of women, pointing out that women are pioneers of human civilization and promoters of social progress, and have made extraordinary achievements in all walks of life. The Chairman of the Supreme Leader praised the women in China in the fight against the epidemic, and emphasized the promotion of gender equality and the development of women’s cause around the world. Gender equality and women’s empowerment are important goals of the United Nations 2030 Agenda for Sustainable Development. In the next five years, China will contribute another $10 million to UN Women; China will continue to be established — UNESCO Girls’ and Women’s Education Award supports the education of girls and women around the world. China proposes to hold another global women’s summit in 2025. People’s happy life is the greatest human right. China adheres to the people first and life first, and is committed to maintaining world peace, eliminating poverty, building a world where women are free from discrimination and building an inclusive and developed society, which is an important contribution to the cause of human rights in the world.

  China said what he said, matched his words with his deeds, and explained by actions that "a big country should have a big look". Five years ago, when the Chairman of the Supreme Leader attended the series of summits marking the 70th anniversary of the founding of the United Nations, he announced a series of major initiatives and pragmatic measures to support the development of the United Nations and promote the cause of multilateral cooperation, such as the establishment of a peacekeeping standby force and a standing peacekeeping police force, and the establishment of China — United Nations Peace and Development Fund, establishment of South-South cooperation assistance fund, donation to UN Women, training poverty alleviation professionals for developing countries, and so on. China has kept its promise, showing the international image of being responsible and action-oriented.

  Looking at Jinsong in the dusk, it’s still calm to fly around. At present, the COVID-19 epidemic is still raging in many parts of the world, and the global risks and challenges can not be ignored. Whether to choose multilateralism or unilateralism, mutual benefit and win-win or zero-sum game, is of vital importance to the future of the United Nations and the establishment of a more just and reasonable international order. Despite the challenge of going against the wind and water, peace and development are still the theme of the times, and China’s development is still in a period of strategic opportunities.

  The series of important speeches made by the Supreme Leader Chairman at the UN General Assembly have perfected the theoretical system of the idea of building a community of human destiny, and fully demonstrated the broad mind of not only seeking happiness for the people of China, but also striving for the cause of human progress. Five years ago, the Chairman of the Supreme Leader advocated building a new type of international relations and building a community of human destiny on the United Nations stage. The great changes that the world is experiencing in the past century have strongly confirmed the foresight of the Chairman of the Supreme Leader. China has given full play to its institutional advantages, and achieved excellent results in both fighting the epidemic and restoring the economy. In the post-epidemic era, China will vigorously promote the construction of a new development pattern with domestic macro-cycle as the main body and domestic and international dual-cycle promoting each other, adding new impetus to the development of the world economy. China is an important force for maintaining world peace. With its own strength growing, it will surely better safeguard world peace and development. Facing the new situation, new mission and new opportunities, the new theoretical and practical connotation of the supreme leader’s diplomatic thought will surely create a new situation in diplomacy with China as a big country.

  (Author: Executive Vice President of China Institute of International Studies, Deputy Director of the Supreme Leader’s Diplomatic Thought Research Center)

Third-and fourth-tier cities are welcoming the "reverse" regulation of the property market, and at least seven cities have issued "price limit orders".

  While first-tier cities and hot-spot second-tier cities have increased the regulation of the property market, some third-and fourth-tier cities are welcoming "reverse" regulation, and "limit orders" have landed everywhere.

  According to the incomplete statistics of The Paper, at least 7 cities have restricted the price reduction behavior of housing enterprises by interviewing them or issuing policies. However, behind the price reduction behavior, the debt pressure is high and the slow return of funds is a reality that some housing enterprises have to face, and a house price defense war is being staged.

  At least seven cities issued a "limit order"

  According to The Paper’s incomplete statistics, up to now, seven cities including Zhuzhou, Jiangyin, Heze, Yueyang, Kunming, Shenyang and Tangshan have issued "price limit orders".

  The reason why it is called "limit order" is that some real estate enterprises or intermediaries have been interviewed or stopped by the government when they sell or represent new commercial housing at a lower sales price and significantly lower than the normal market price.

  Take Zhuzhou, Hunan Province as an example. On September 9th, some citizens and netizens reported that enterprises such as Jinbi Real Estate, Rongsheng Real Estate, Borui Real Estate, Xinsheng Wanbo, Shell Broker, etc. sold new commercial houses or sold them as agents at prices significantly lower than the normal market price, seriously disrupting the order of the real estate market. In this regard, Zhuzhou City Housing and Construction Bureau subsequently interviewed the person in charge of the above-mentioned enterprise project and included it in the bad credit record of the enterprise.

  Earlier, on August 31, the Notice on Further Promoting the Healthy and Stable Development of the Real Estate Market issued by the Housing and Urban-Rural Development Bureau of Jiangyin City, Jiangsu Province clearly mentioned that after the sales price of commercial housing was put on record, the actual transaction price of commercial housing should not be higher than the record price. At the same time, it is strictly forbidden to dump at a low price (such as below the cost price, lowering the price in disguise, etc.) and resolutely put an end to vicious competition, lowering the standard and quality, overdue delivery and other illegal acts.

  Judging from the cities that have announced the "limit order" at present, the main suppression in various places is malicious price reduction, and the sales pricing of some housing enterprises is far below the market price, which is considered to seriously disrupt the market.

Cartography: The Paper

  Cartography: The Paper

  What is the price reduction sales of real estate enterprises?

  What are the reasons behind the price reduction of housing enterprises?

  The scale of sales has "turned from rising to falling", and the pressure on housing enterprises to withdraw funds has increased or one of the reasons.

  According to the data monitoring released by the National Bureau of Statistics, Tongce Research Institute showed that in July, the sales area of commercial housing nationwide was 115 million square meters, down 9.45% year-on-year and 40.6% quarter-on-quarter. This is also the first time in the past year that "from rising to falling", indicating that China’s real estate sales have entered a downward channel.

  From the perspective of development fund structure, the proportion of sales return to financing reached 57.15%, which was 3.9 percentage points higher than that in 2020, and the proportion of domestic loans to financing was 12.95%, which was 0.87 percentage points lower than that in 2020. This shows that the financing of housing enterprises mainly depends on sales return, and it is on the rise. In the future, the financing of housing enterprises mainly depends on "self-hematopoiesis". The growth of sales scale for the first time "from rising to falling" shows that the core source of funds for housing enterprises has begun to decline, and the pressure on housing enterprises to withdraw funds has increased.

  Sun Hongbin, Chairman of Sunac China’s Board of Directors, mentioned at this year’s interim results meeting that the market pressure in the second half of the year is relatively large, which mainly comes from two aspects. One is that some enterprises started to cut prices when they were under pressure, and the other is that the national policy is relatively firm, which made everyone expect that the house price would not rise. Now the economic pressure is relatively large, and everyone’s purchasing power has been affected.

  Sun Hongbin believes that the current market is particularly like 2018. "The whole credit market is short of funds. In the first half of the year, sales were relatively good, and loans were relatively difficult. However, loans in the second half of the year were still equally difficult, and the sales market fell sharply. The sales pressure in the second half of this year is very high, and it is expected that the market will still be fierce in the second half of this year. "

  The turn of the property market may also become an industry consensus. Guo Yingcheng, Chairman and Executive Director of Kaisa Group, said at the performance meeting that in recent years, especially this year, the regulation of the real estate market has been more precise and the implementation of policies has been faster than before. At the same time, however, we are also facing great challenges. After precise regulation and control, after the sale of the sales end, the withdrawal of mortgage funds may be slower than before, which also brings certain pressure to enterprises.

  In addition, debt pressure is also a "sword" hanging over some housing enterprises.

  According to the relevant data released by the same policy research institute, the debt due to housing enterprises reached 1.2 trillion this year, with an average monthly debt of over 100 billion. The average debt ratio of the real estate industry in the second quarter was 77.85%, which was 1.34 percentage points lower than that in the first quarter and 1.23 percentage points lower than that in 2020 when three red lines were proposed. This shows that the effect of regulation has begun to appear, and housing enterprises regard reducing debt and optimizing the three red lines as their primary strategies. At the same time, however, more stringent regulatory measures have also accelerated the exposure of some housing enterprises to their debt defects, and the cases of default of housing enterprises’ bonds are increasing.

  According to the statistics of RealData, since this year, the phenomenon of bond default in the real estate industry has increased significantly compared with the past two years. In just 6 months, there are 12 real estate enterprises that have defaulted.

  Song Hongwei, research director of Tongce Researcher, believes that in the first half of the year, when the real estate market sold well, it was easier for housing enterprises to withdraw funds to pay debts. However, since July, the whole industry has entered the downward channel, and it is difficult to withdraw funds, and the pressure of paying debts is prominent. For cash flow, selling at a reduced price and exchanging prices for quantity has become the choice of many housing enterprises.

  Facing the current market environment, Xu Shitan, the chairman of Shimao Group, mentioned at the interim results meeting that the policies of housing, no speculation, three red lines and concentration management will continue. Under such a policy background, it is no longer suitable for enterprises to emphasize high growth rate, so the company’s strategy is to "turn from attack to prevention" and at the same time increase the assessment of cash and repayment rate.

  Xu Shitan said that the company has taken some measures to resist the market downturn. The company analyzed the sales in July and August, and the sales of the whole industry declined. In September and October, the company arranged many supply and sprint targets. At present, there is still a gap in the mortgage amount. The company dynamically manages the price and promotes preferential measures for buyers with high down payment ratio. Not only that, Xu Shitan also revealed that the price will be dynamically managed in the second half of the year, and at the same time, preferential measures will be increased.

  Can the price be reduced?

  The decline in housing prices should have been a good thing in the eyes of many people. Why is there a "limit order"? China News Network appeared at the same time in the "Price Limit Order" and "Price Limit Order". What happened to the property market? As mentioned in the article, house prices are not "unable to fall", but "don’t fall blindly".

  In the view of Li Yujia, chief researcher of Guangdong Housing Policy Research Center, "three stabilities" are the targets of property market regulation, whether for the central government or for the local government. Ups and downs are not desirable, and may trigger market expectations fluctuations and further strengthen this ups and downs. In other words, if there is a significant decline, it may lead to further decline due to market expectations, forming a downward cycle. At this time, it is necessary to prevent the formation and circulation of this expectation through government intervention.

  The relevant staff of Yueyang Housing and Construction Bureau also said in response to the "Notice on the Transaction Price Limit of New Commercial Housing Online Sign in the Real Estate Market" that the debt pressure of leading housing enterprises is relatively high recently, and the price of real estate is maliciously reduced in order to withdraw funds, resulting in market confusion. This is the main reason for the introduction of the policy.

  A marketing person of a TOP40 real estate enterprise pointed out, "When there is a correction in the market, many developers will carry out certain price reduction promotions according to their own conditions. Of course, the market is still divided. There is not much inventory problem in first-tier and second-tier cities, but the third-and fourth-tier properties are relatively slow to be converted during the property market correction period, so it is normal that we will give some concessions to accelerate sales. The government is mainly cracking down on malicious price cuts, fearing that it is not conducive to market stability and will also trigger social events such as rights protection. "

  "The downward pressure on housing prices in some cities is indeed increasing. According to the data released by the Bureau of Statistics, in recent months, the number of cities with a downward trend in house prices has been increasing, and the pressure on housing enterprises to reduce debts has also been increasing, which has led to the phenomenon that housing enterprises in some cities or regions have accelerated the pace of shipment and reduced prices. However, once the price reduction behavior of housing enterprises triggers a price reduction tide, it will trigger a chain reaction, which will greatly affect the orderly development of the real estate market, and will also affect the land market and have a greater impact on the local economy. " Zhang Bo, dean of the branch of 58 Anjuke Real Estate Research Institute, said.

  So, is the "limit order" effective? In Li Yujia’s view, the property market is running at the highest level in history, and all parties have high demands for stability. Whether it’s a rapid rise or a rapid decline, whether it’s a whole city or a part of the city, it’s necessary to intervene appropriately, including not allowing large-scale price reduction marketing. This is the same logic as not allowing large-scale rise, and this intervention must be effective.

  Guo Zhen, a researcher in the real estate industry of GF Securities Development Research Center, told The Paper that the government does not want to see the situation that house prices have been falling after the real estate enterprises bid with each other, which will also make the market enter a relatively vicious state, so it has been the direction of regulation and control in recent years to maintain the stability of house prices without sharp rise or fall.

  Liang Nan, an analyst at Zhuge Housing Search Data Research Center, pointed out that from the perspective of cities that have issued "limit orders" at present, they are basically cities with high inventory and high pressure to remove chemicals. Perhaps some developers have drastically cut prices to speed up the sales repayment, which has led to market chaos to a certain extent, which is not conducive to the development of the property market. The introduction of the "limit order" policy can effectively curb the rapid decline in housing prices, avoid market chaos such as sharp price cuts, and further standardize the transaction behavior of the property market, which is conducive to promoting the healthy and stable development of the real estate market.

  (This article is from The Paper, please download the "The Paper" APP for more original information)