It is difficult to expand the production of mask "heart" melt-blown nonwoven fabric with a unit price of 20 thousand to 300 thousand

In the workshop of Shandong Junfu Nonwoven Fabric Co., Ltd., workers are processing non-woven fabrics for masks. (Tonglian photo, provided by the interviewed enterprises)

  From the usual 20 thousand yuan/ton, it has risen to more than 300 thousand yuan/ton, and the industry expects it to rise in the future … … Melt-blown non-woven fabrics (hereinafter referred to as melt-blown fabrics), known as the "heart" of masks, have increased their prices by more than 15 times in recent months, forming a very strong seller’s market.

  During the epidemic period, masks are important protective equipment, and they have become a must-have for first-line medical care, enterprises returning to work, and people traveling, and the market demand has soared. The new production capacity of masks in China has doubled rapidly, and the supply of melt-blown cloth, the core raw material, is in short supply.

  How scarce are the core raw materials of masks? What is the root cause of the skyrocketing price of meltblown fabrics? A large number of mask production lines have been put into production. Why don’t manufacturers take the opportunity to expand the production capacity of meltblown fabrics? When can we alleviate the shortage of raw materials for masks? With relevant questions, the reporter tracked the upstream industrial chain of masks and investigated key production links such as mask factories, cloth factories and material factories.

  Tight cloth

  Melt-blown fabrics are in short supply and their prices are rising rapidly, forming a very strong seller’s market.

  "Everything is easy to say except meltblown cloth." In a mask supply sharing exchange group, a manufacturer said this.

  The group brings together more than 100 related manufacturers in the upstream and downstream of the mask industry, and they will exchange information related to masks in the group. Although the prices of materials such as ear straps and nose bridge strips are also rising, the supply is not in short supply. Only meltblown cloth forms a very strong seller’s market.

  "Recently, the inquiry for meltblown fabrics has quoted at least 200,000 yuan/ton, and it is not unusual for 300,000 to 400,000 yuan. Two weeks ago, we purchased 80,000 yuan/ton, and the highest was 120,000 yuan/ton. " Recently, a Shandong clothing company that switched to masks and other epidemic prevention materials "has no way to find materials". Ding Yan, the person in charge of the company, said that the rapid rise in the price of meltblown fabrics made people unprepared.

  Melt-blown cloth is the key material to filter viruses for masks, and it can be called the "heart" of medical surgical masks and N95 masks. Medical surgical masks generally adopt multi-layer structure, which is called SMS structure for short: single-layer spunbonded layer (S) on the inside and outside, and single-layer or multi-layer meltblown layer (M) in the middle, and meltblown cloth is the best material for the meltblown layer.

  Without meltblown cloth, we can only "let the machine wait for the cloth" Qingdao Hainuo Bioengineering Co., Ltd. owns two production lines of medical surgical masks and one production line of civil masks. They once reported to the local government that some production lines had to stop production because of the shortage of raw materials and the unavailability of goods.

  "Meltblown fabrics that meet medical standards can’t be bought now," said the person in charge of Sheng Da Medical Hygiene Materials Co., Ltd., whose inventory of meltblown fabrics can only be used until the beginning of March. The company now has a mask production line, and two new lines will arrive at the factory in early March, when the daily demand for meltblown fabrics will increase from the current 80 to 90 kilograms to about 200 kilograms. If meltblown fabrics can’t be purchased, the new lines will be difficult to put into production. At present, the company has reported the demand information to government departments, hoping to solve the problem of medical meltblown cloth gap in the near future.

  A flood of demand

  On the demand side of melt-blown fabrics, the number of masks has increased greatly, and some manufacturers are looking for materials everywhere to raise the price of fabrics.

  According to the introduction of the National Development and Reform Commission, the current capacity utilization rate of masks in China has reached 110%. As of February 29th, the daily capacity of masks in China has reached 110 million, and the daily output has reached 116 million. At present, 30 provinces, autonomous regions and municipalities except Tibet have successively set up new mask production lines, and at the same time, new mask production lines will be put into production. The person in charge of China Textile Business Association said that in the future, the market demand for meltblown fabrics will further increase.

  In order to alleviate the shortage of masks, it has become an important way for non-mask manufacturers to become mask manufacturers. At present, many governments have opened up green channels to speed up examination and approval, and encouraged enterprises related to the industrial chain to switch to emergency production. Based on industrial and commercial registration’s changed information, from January 1st to February 7th, more than 3,000 enterprises in China added "masks, protective clothing, disinfectant, thermometers and medical devices" to their business scope.

  In the "Docking Zone for Production Process of Key Medical Prevention and Control Materials" launched by the State Council Client applet on February 21st, the reporter saw that most enterprises are seeking the supply of meltblown cloth.

  The reporter found that the recent surge in cloth prices was mainly reflected by small and medium-sized mask factories and new mask factories that had just changed production. The relevant person in charge of the Shandong Provincial Department of Industry and Information Technology said that the price of masks is high, and the production of masks is profitable. Coupled with the initiative of local governments, many enterprises have switched to masks, and the demand for raw materials has increased greatly, and the supply is not enough.

  In order to ensure the supply of epidemic prevention materials in the first line of medical care, the national and local industry and information departments have formulated a number of key enterprises to ensure materials. The production of these mask factories and cloth factories is monitored by the government, and the sales are dispatched by the government, and the price increase is relatively controllable. However, people in the industry believe that there are a large number of mask factories that have emerged recently, and there are no stable suppliers. They can only look for raw materials everywhere, and they will not hesitate to buy materials.

  A restless supply of goods

  At the supply end of meltblown cloth, there are small factories sitting on the ground, and at the circulation end of meltblown cloth, there are middlemen who take the opportunity to earn the difference.

  Walking into the factory of Shandong Junfu Nonwoven Fabric Co., Ltd. (hereinafter referred to as Shandong Junfu) located in Dongying City, Shandong Province, the reporter saw a busy scene. It is reported that they have been working overtime since receiving the notice from the Ministry of Industry and Information Technology on January 27, and all 10 production lines are producing at full capacity 24 hours a day. The daily output of meltblown cloth produced by Shandong Junfu is about 13 tons, accounting for 1/10 of the whole country. According to the scheduling of the state and relevant departments, it is mainly supplied to downstream enterprises in Hubei and Shandong.

  There are not many large-scale manufacturers that can produce meltblown fabrics in China. The industry has been lacking attention for a long time, showing a tepid situation, and the industry as a whole has shown a small and scattered situation. At present, the domestic meltblown cloth production capacity is mainly distributed in a few provinces and cities such as Shandong, Guangdong, Zhejiang and Jiangsu.

  At the supply end of meltblown cloth, the price increase of large cloth factories is not large under the control of the government, but some small factories sit on the ground and start at the price.

  "The usual price of meltblown cloth is about 20,000 yuan/ton, and now our price is 100,000 yuan/ton. Because of our price reduction, local small cloth factories dare not raise prices, but in some provinces and regions lacking leading enterprises, small cloth factories raise prices for each other, and the prices are all above 200,000 yuan/ton. Many small mask factories want to use our materials and ask the local government to coordinate. I receive two or three hundred calls a day. " Huang Wensheng, general manager of Shandong Junfu, said.

  A person in charge of a mask factory in Xiantao, Hubei Province said that at present, the local price of meltblown cloth in Xiantao is about 200,000 yuan/ton, while the price before the epidemic was about 22,000 yuan/ton; According to the manufacturer of meltblown cloth in Nantong, Jiangsu, in order to make the mask production line run normally, some mask factories offered high prices to buy meltblown cloth.

  Many small cloth factories that are not included in the supply list of mask raw materials have raised prices seriously. Lin Youqiang, the person in charge of a mask manufacturer in Shandong, said that meltblown cloth enterprises with stable customers at ordinary times should not raise prices arbitrarily to maintain customer relations; A group of enterprises with no stable partners and poor management in the past maliciously raised their prices, hoping to make a quick sum of money.

  According to industry insiders, some meltblown cloth suppliers are quite "strong" in the market, not only issuing less or no invoices for delivery, but also requiring downstream factories to use "hard currency" masks to offset the payment at a discount, and to add cash.

  At the circulation end of meltblown cloth, there are middlemen who take the opportunity to earn the difference.

  A small and medium-sized enterprise owner who switched to production of masks told reporters that in some WeChat groups where mask raw material resources are connected, middlemen arbitrarily charge high prices. "They opened their mouths and offered a high price of 300,000 to 300,000 yuan per ton, taking advantage of our lack of goods to rush production, and often said ‘ If necessary, transfer the money quickly. You don’t want people to get the goods ’ , create ‘ Seconds rise and kill ’ The tension. "

  The relevant person in charge of the Industrial and Information Bureau of a city in Shandong Province said that many people hoard goods and sell them upside down, and the price is greatly increased. Many meltblown fabrics stay in the warehouse and circulation, waiting for the price increase, and supply and demand cannot match well.

  A handsome profit

  The reporter learned that the amazing profit of masks is an important reason why mask factories are willing to buy meltblown fabrics at high prices.

  An insider calculated a cost account for the reporter: 1 ton of meltblown cloth can make 1 million medical surgical masks. If the meltblown fabric sells for 200,000/ton, the fabric price only accounts for 0.2 yuan in the cost of a mask. At present, the price of masks allocated by the government from Shandong is about 1.5 yuan each, and 0.2 yuan is subsidized; Each of Beijing is about 4 yuan, and each of Shanghai and Hubei is about 3 yuan. Although the cost of logistics, labor and melt-blown polypropylene has doubled recently, it also accounts for a small proportion in the price of masks.

  On the other hand, the demand for masks has increased greatly, and some enterprises anxious to return to work do not care about the price of raw materials, which has pushed up the price of masks. "Recently, there has been a wave of enterprises returning to work all over the country. The state requires enterprises to distribute protective equipment such as masks for their employees. If each employee of each enterprise uses a mask a day, this is an astronomical figure." Lin Youqiang said.

  According to the data of the fourth national economic census, the total employment population of domestic legal entities and self-employed households is as high as 533 million, and at least 533 million masks are needed every day based on one mask per person per day. Compared with the current daily production capacity, the mask gap is huge, and the profit margin can be imagined.

  Awkward "thin waist"

  The production capacity of enterprises related to the mask industry chain is "gourd-shaped", which is one of the root causes of the shortage of meltblown cloth.

  Yu Xiaoning, chairman of Shandong Daoen Group, said that the downstream mask factory is growing rapidly at present, and the national production capacity has increased by about 2 times in the last month, which is the "bottom of the gourd"; The production capacity of meltblown fabrics in the middle reaches grows slowly, and the number of manufacturers is small due to the small structural influence of the previous market, which is "the waist of gourd"; The leading enterprises producing melt-blown polypropylene in the upstream have expanded their production rapidly, which can basically meet the downstream demand for melt-blown materials. This is the "upper end of the gourd". Take Dawn Group as an example, the company has received orders for the next two months, and the daily production capacity of melt-blown materials has expanded from about 85 tons to about 200 tons now.

  This embarrassing "thin waist" has become a "bottleneck" that restricts downstream production expansion.

  The reporter’s investigation found that behind the bottleneck of melt-blown cloth production capacity is the difficulty and long time of production line expansion.

  Yu Xiaoning and other people in the industry said that compared with the mask production line, the investment is small, the technical content is not high, the reproduction is fast, and the operation is easy. The production technology of meltblown cloth is high, and the quality of meltblown cloth directly determines the quality of masks. The production line investment of the cloth factory is tens of millions of yuan, and the equipment manufacturing and installation are much more complicated than the mask production device, and the requirements for the factory building are higher, and special training is needed for the staff.

  At present, there are not many domestic manufacturers providing complete sets of production equipment and key components of meltblown fabrics, and the production of core components such as spinneret and spinneret die is still far from foreign manufacturers, and the delivery cycle and assembly time of imported equipment are relatively long. "The import delivery cycle of dies and spinnerets takes four to six months. Domestic molds can be delivered in two months, but this kind of mold with short delivery time can’t make high-end medical products. " Huang Wensheng said.

  The procurement cycle of parts for several months limits the delivery capacity of meltblown fabric equipment, making it difficult to put it on the market overnight like a mask machine. It is understood that some enterprises that sell complete sets of melt-blown cloth production equipment are using inventory to quickly assemble new production lines. But the design, processing and debugging of a complete production line will take about two or three months.

  A supplier of meltblown cloth production equipment in Zhejiang said that the production line of meltblown cloth was really introduced, and perhaps the peak demand brought by the epidemic had already passed. This kind of worry has prevented many investors from entering this field. The market scale of meltblown cloth is not large. Once the epidemic situation is over, the competitive pressure of meltblown cloth manufacturers will be very great.

  Capacity to be tapped

  Insiders pointed out that it is urgent to strengthen the overall planning of industrial chain, tap the potential of related enterprises and leading enterprises, and maximize the production capacity of meltblown fabrics.

  Experts believe that in order to solve the problem that the supply of raw materials such as meltblown cloth in the mask industry chain is in short supply, the following measures can be taken to ensure the supply and price stability:

  First, promote similar technology enterprises to switch production and supply mask materials.

  According to the statistics of China Industrial Textile Industry Association, the production technology of China nonwovens industry is mainly spunbonded. In 2018, the output of spunbonded nonwovens was 2,971,200 tons, accounting for 50% of the total nonwoven production, which was mainly used in sanitary materials and other fields; However, the proportion of meltblown process is only 0.9%, and the output of meltblown nonwovens is 53,500 tons/year. These meltblown fabrics are not only used for masks, but also for environmental protection materials, clothing materials, battery diaphragm materials, wiping materials and so on.

  Huang Wensheng said that enterprises that produce automotive sound insulation cotton, meltblown thermal insulation cotton, meltblown oil-absorbing cotton and other materials can switch to special filter materials for mask protection, and the annual production capacity of these enterprises is about 150,000 tons. It is understood that BYD, Changan Automobile, BAIC, SAIC and other automobile manufacturers have been taking advantage of the industrial chain to mobilize the supporting manufacturers of sound-absorbing cotton to transform the original production line of meltblown cloth and transform the production of special filter materials for masks.

  Second, take the central enterprises as the leader and speed up the production line related to meltblown cloth.

  The relevant person in charge of the State-owned Assets Supervision and Administration Commission said that the State-owned Assets Supervision and Administration Commission attaches great importance to the changes in the supply chain and industrial chain of domestic epidemic prevention materials and guides central enterprises to take the initiative to make up for shortcomings.

  Because polypropylene, the raw material of melt-blown cloth, is taken from petroleum, petrochemical enterprises have advantages in producing melt-blown cloth. China Petrochemical Company has invested about 200 million yuan to build 10 melt-blown cloth production lines in Yanshan Petrochemical Company in Beijing and Yizheng Chemical Fiber Company in Jiangsu Province. After all the production, the daily output can reach 12 tons of N95 mask melt-blown cloth or 18 tons of medical flat mask melt-blown cloth, which can be processed into 18 million medical flat masks.

  Third, strengthen government regulation and control to ensure the balance of upstream and downstream supply.

  Lei Limin, vice president of China Textile Business Association, said that at present, the production situation of mask industry chain enterprises is complicated and information communication is not smooth, so it is difficult to know the real-time situation of the return to work rate and the newly put into production line. The industry believes that the mask industry chain is characterized by "marketization of upstream raw materials and administration of downstream masks", and the contradiction between market mechanism and plan management is constantly emerging. It is recommended to take administrative measures to properly intervene and straighten out the connection.

  Yu Xiaoning said that in the face of the epidemic, the overall decision-making from the central government to the local government has solved many problems for the development of the industry. The next step is to strengthen the overall planning of the industrial chain, form an organic combination of government, industry associations and enterprises, and use big data to make comprehensive statistics on the number, distribution, production capacity and production capacity under construction of mask factories, cloth factories and raw material factories. In the extraordinary period, entrepreneurs should organize all kinds of production work well, at the same time, they should improve their consciousness from the overall height and cooperate with the government’s dispatch, which not only completes the epidemic prevention task, but also makes the market develop more orderly.

Brake failure, driver school delivery hit students, how to define the responsibility? The court ruled!

On the way back to the classroom after class exercises.

The driver injured a student in school because the brakes were out of control.

Who should be responsible for drivers and schools?

recent days

The Ziyang District Court of Yiyang City, Hunan Province heard this case.

Cases involving campus safety

Please see this case ~

The picture comes from the network.

In February, 2022, when Li delivered the goods to a vocational school in Yiyang by car and returned to the downhill section of the campus, he lost control of the brakes and collided with 17-year-old Song, who was on his way back to the classroom after class exercises, causing Song to be injured. Later, Song was sent to the hospital for treatment, and the medical expenses were 34,176.29 yuan. After identification, Song’s right medial and lateral ankle fracture line involved the epiphysis, which was a grade 10 disability; Multiple fractures of the right foot cause complete destruction of the arch structure of the right foot, which is a grade 9 disability.

Afterwards, Song sued a vocational school, Li and the vehicle insurance company driven by Li to the court, demanding compensation for medical expenses, follow-up treatment fees, hospitalization food subsidies and other losses totaling 296,673 yuan.

After trial, the court held that citizens’ right to life and health was protected by law. If another person infringes upon a citizen’s personal rights due to his fault, he shall bear civil liability for compensation. The vehicle involved in the accident is owned by Li and has been insured with compulsory motor vehicle traffic accident liability insurance. According to Article 43 of the Regulations on Compulsory Motor Vehicle Traffic Accident Liability Insurance, for Song’s loss, the insurance company shall be liable for compensation within the limit of compulsory motor vehicle traffic accident liability insurance, and the rest shall be liable for compensation according to the degree of fault of all parties.

In this case, when driving on campus, Li should ensure the safety of pedestrians, especially on downhill roads, and pay attention to avoiding pedestrians. Li injured Song, who was returning to the classroom because of brake failure, and his fault was the root cause of the accident, and he should bear all the responsibility for the accident; A vocational school failed to fulfill the corresponding obligation of prompting and supervising the vehicles coming to the school. During the dissolution of recess exercise, it should try to avoid the traffic of vehicles on campus, thus inferring that a vocational school failed to fulfill its management responsibilities, and according to the provisions of Article 1201 of the Civil Code of People’s Republic of China (PRC), it was determined that the school should bear 30% of the supplementary liability for compensation.

Based on the above situation, the court ruled that the insurance company compensated Song for medical expenses, follow-up treatment expenses, hospital food subsidies, nursing expenses and other losses of 180,000 yuan within 10 days from the effective date of the judgment; Li compensated Song for medical expenses, follow-up treatment expenses, hospital food subsidies, nursing expenses and other losses of 81,536.99 yuan within 10 days from the effective date of this judgment; A vocational school shall bear the supplementary compensation liability within the range of 24,461.09 yuan when Li can’t pay off the above sum. After the school bears the above supplementary compensation liability, it has the right to recover from Li.

01

The accident happened in a closed campus. Is it a road traffic accident?

This case is a dispute over damages caused by an accident when a vehicle passes outside the road. If a motor vehicle is damaged by a traffic accident, it shall be liable for compensation in accordance with the relevant provisions of the road traffic safety law. Article 77 of the Road Traffic Safety Law of the People’s Republic of China stipulates that accidents that occur when vehicles pass outside the road shall be handled with reference to the relevant provisions of the Road Traffic Safety Law. Article 25 of the Interpretation of the Supreme People’s Court on Several Issues Concerning the Application of Laws in the Trial of Road Traffic Accident Damage Compensation Cases stipulates that the provisions of this Interpretation may be applied with reference to damage compensation cases caused by motor vehicles passing outside roads. In this case, Song was injured by a motor vehicle in a non-road traffic accident on campus, and his personal injury compensation can be handled in accordance with the above-mentioned legal provisions.

02

Who will bear the responsibility for the traffic accident on the way to delivery?

According to the provisions of Article 1191 of the Civil Code of People’s Republic of China (PRC), if a student suffers personal injury from an off-campus person while he is at school, the infringer shall bear the responsibility. If the staff of the employing unit causes damage to others due to the execution of work tasks, the employing unit shall bear the tort liability. In this case, a maintenance service co., Ltd. contracted the maintenance and cleaning project of the drainage ditch and septic tank in the male and female dormitory of the school. Li, an outsider in this case, is not a worker or employee of the company, but a deliveryman. Because of his fault, he should bear all the responsibilities.

03

Does the school take responsibility for the accident on campus?

According to Article 1201 of the Civil Code of People’s Republic of China (PRC), if a person without or with limited capacity for civil conduct suffers personal injury from a third person outside the kindergarten, school or other educational institution during his study and life, the third person shall bear the tort liability; Kindergartens, schools or other educational institutions that fail to fulfill their management responsibilities shall bear corresponding supplementary responsibilities. Article 9, paragraph 2, of the Measures for Handling Student Injury Accidents stipulates that if the school safety management system has obvious omissions or management confusion and fails to take timely measures to cause student injury, the school shall bear corresponding responsibilities according to law.

At the time of the incident, Song was a person with limited capacity. During the dissolution of the class exercise, when Li was driving on campus, the school did not have managers to stop reminding him. It can be seen that the school’s safety management was negligent and did not do its due management duties, which caused Song’s personal injury accident. If the school is at fault, it should bear corresponding supplementary responsibilities. After the school assumes the supplementary responsibility, it can recover from Li.

In addition, students are injured from time to time due to construction on campus. During construction, the school should not only educate students about safety, but also make necessary control over related work, always reminding them to pay attention to the safety of teachers and students and create a safe campus environment.

Original title: "Brake failure, driver school delivery hits students, how to define the responsibility? The court ruled! 》

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Reducing import tariffs affects geometry.

The the State Council executive meeting held recently pointed out that the import tariffs on daily consumer goods should be lowered on a large scale to better meet the diversified consumption needs of the masses. At the routine briefing on the State Council policy held by the State Council Information Office on June 1st, Vice Minister of Finance Zhu Guangyao introduced the relevant situation.

On May 31st, the State Council Customs Tariff Commission issued an announcement to reduce the import tariffs on consumer goods, which will take effect on July 1st this year.

Why should the import tariffs on consumer goods be lowered on a large scale this time? In this regard, Zhu Guangyao introduced that consumer goods for daily use are closely related to people’s needs for a better life. At present, the average MFN import tariff rate of consumer goods in China is 14.5%, which is 9.8% higher than the general tariff level in China. In 2017, China’s general trade import of consumer goods was US$ 65.7 billion. Since 2015, with the approval of the State Council, China has reduced the import tariffs on daily consumer goods for four times in order to attract overseas consumption back and meet the needs of residents’ consumption upgrading, mainly considering the high-quality products that are concentrated in consumption abroad and cannot be supplied at home for a while, including woolen clothes, some shoes and boots, sunglasses, thermos cups, diapers, some special foods and health care products.

It is understood that this tax reduction, in addition to appropriately reducing some products that have been significantly reduced in the previous period, plans to greatly expand the scope and intensity of tax reduction for other consumer goods, including products that are relatively few in consumption abroad but have distinctive advantages abroad, and products with relatively high import tax rates, involving 1,449 tax items, which is seven times the total of the previous four tax reductions. The average tax rate decreased from 15.7% to 6.9%, with an average decrease of 55.9%.

"Reducing import tariffs on consumer goods is conducive to expanding the import of products with distinctive advantages, meeting the needs of people’s better life, and better embodying the people-centered development concept; It is conducive to creating a fair competitive market environment and deepening the structural reform of the supply side of consumer goods; It is conducive to further opening up and is a major measure and practical action for us to actively open up the market. " Zhu Guangyao said.

Regarding the reduction of import tariffs this time, everyone is very concerned about whether the prices of consumer goods with concentrated demand from the people can continue to decline. In this regard, Zhu Guangyao explained that lowering tariffs did reduce the import cost to a certain extent, which generally helped to lower the price in the domestic market.

"At the same time, we should also look at it objectively. Tariffs are levied according to the import price of goods rather than the domestic market price. Reducing taxes on mass consumer goods priced on the basis of cost can promote market price reduction. However, for high-end consumer goods, the market sales price is usually several times the import price. " Zhu Guangyao said.

"After reducing tariffs, whether the price of consumer goods is reduced and how much it is reduced does have market behavior. We hope to enrich domestic consumption choices by reducing import tariffs and expanding imports of consumer goods. We hope that tax reduction can promote the decline of consumer goods prices, so that policy dividends can be truly transmitted to consumers and our consumers can get more benefits. " Zhu Guangyao said. (Reporter Yang Liang)

Notice of the General Office of the People’s Government of Guangdong Province on Establishing the Leading Group for the Work of China (Guangdong) Pilot Free Trade Zone

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General Office of Guangdong Provincial People’s Government on the Establishment of China (Guangdong)

Notice of the Leading Group for the Work of the Pilot Free Trade Zone

People’s governments at the local level and listed, people’s governments of counties (cities, districts), departments and institutions directly under the provincial government, and relevant units of Zhongzhi in Guangdong:

  In order to strengthen the organization and leadership of China (Guangdong) Pilot Free Trade Zone, the provincial people’s government agreed to set up a leading group for China (Guangdong) Pilot Free Trade Zone, with the following members:

  Group leader: Governor of Zhu Xiaodan.

  Deputy Head: Member of the Standing Committee of Xu Shaohua Provincial Party Committee and Executive Vice Governor.

      Zhao Yufang, Vice Governor

      Mayor of Guangzhou, Chen Jianhua

      Xu Qin, Mayor of Shenzhen

      Mayor of Jiangling Zhuhai

  Member: Pan Xiangqing, director of the provincial editorial office.

      Director of He Ningka Provincial Development and Reform Commission

      Director of Lai Tiansheng Provincial Economic and Information Technology Commission

      Director of Education Department of Luo Weiqi Province

      Director of Science and Technology Department of Huang Ningsheng Province

      Deputy Director of Zhengdong Provincial Public Security Department

      Director of Yang Jianghua Provincial Department of Justice

      Director of Ceng Zhiquan Provincial Department of Finance

      Director of the Department of Human Resources and Social Security of Lin Yingwu Province

      Director of the Department of Land and Resources of Wu Gongquan Province

      Director of Housing and Urban-Rural Development Department of Wang Peng Province

      Zeng Zhaogeng, Director of the Provincial Department of Transportation

      Director of Guo Yuanqiang Provincial Department of Commerce

      Director of Wu Junsheng Port Office

      Zheng Jianrong, Director of the Work Office of China (Guangdong) Pilot Free Trade Zone

      Fang Jianhong, Director of Provincial Department of Culture

      Deputy Director of Health and Family Planning Commission of Huangfei Province

      Director of Foreign Affairs Office of Fu Lang Province

      Director of Zhu Zejun Provincial Administration for Industry and Commerce

      Director of Quality Supervision Bureau of Xiaotie Province

      Director of Huang Xiaoling Press, Publication, Radio, Film and Television Bureau

      Director of Ma Xianmin Provincial Intellectual Property Office

      Yang Rongsen, Director of Provincial Tourism Bureau

      Director of Hong Kong and Macao Affairs Office of Liao Jingshan Province

      Director of Legislative Affairs Office of Wang Xuecheng Province

      Liu Wentong, Director of Provincial Finance Office

      President of Wang Jingwu People’s Bank Guangzhou Branch (Director of Guangdong Branch of the State Administration of Foreign Exchange)
      Deputy Director of Guangdong Branch of Heli Customs

      Director of Hu Jinmu Provincial State Taxation Bureau

      Zhan Siming, Director of Guangdong Entry-Exit Inspection and Quarantine Bureau

      Zhao Zhenshuan, Director of Shenzhen Entry-Exit Inspection and Quarantine Bureau

      Li Qingxiang, Director of Zhuhai Entry-Exit Inspection and Quarantine Bureau

      Wang Zhanfeng, Director of Guangdong Banking Regulatory Bureau

      Hou Wailin, Director of Guangdong Securities Regulatory Bureau

      Fang Yongbin, Director of Guangdong Insurance Regulatory Bureau

      Gu Weizhong, Director of Provincial Communications Administration

      Ding Hongdou, member of the Standing Committee of Guangzhou Municipal Committee and director of Guangzhou Nansha Development Zone Management Committee.

      Luo Weifeng, Vice Mayor of Guangzhou

      Chen Biao, Vice Mayor of Shenzhen

      Liu Jia, member of the Standing Committee of Zhuhai Municipal Committee and Party Secretary of Hengqin New District

      Zhang Bei, Director of Shenzhen Qianhai Administration Bureau

      Niu Jing Director of Zhuhai Hengqin New District Management Committee

      Sun Chengming, Deputy General Manager of China Merchants Group

  The daily work of the leading group shall be undertaken by the work office of China (Guangdong) Pilot Free Trade Zone, with no seal engraving and no formal writing. If the members of the leading group need to be adjusted due to changes in work, the unit to which they belong shall submit it to the office of China (Guangdong) Pilot Free Trade Zone, report it to the leading group for approval according to procedures, and send a copy to the provincial office.

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Provincial general office

May 5, 2015

Design and implementation of hedging scheme for copper smelting enterprises

  It is necessary to grasp the node that opens every profit window and rationally arrange the positions that need to be hedged.


铜冶炼企业套保方案的设计与实施


  A profit structure and risk characteristics of smelting enterprises


  The profit of copper smelting enterprises can be deduced by the following formula: profit = selling copper price-copper concentrate cost-smelting and processing cost = selling copper price-(purchasing copper price-smelting and processing cost)-smelting and processing cost = (selling copper price-purchasing copper price)+(smelting and processing cost-smelting and processing cost), in which the difference between smelting and processing cost is the core profit of copper smelting enterprises, which depends on the smelting technology, equipment and production management level of enterprises. The fluctuation of selling copper price and purchasing copper price is the external market risk faced by enterprises. If it is not managed or poorly managed, it will greatly infringe on the processing profits of enterprises. Therefore, smelting enterprises and traders above designated size often hedge their prices and lock in profits through the futures market.


  China’s copper resources are scarce, and the dependence of smelting enterprises on the import of raw materials is as high as 70%, while the finished electrolytic copper is basically sold domestically. Therefore, it is necessary to synchronize hedging in the internal and external markets. The actual hedging plan needs to weigh the scale of production and sales of enterprises, the differences in pricing benchmarks, pricing methods and pricing timing at both ends of the purchase and sale, and at the same time, the fluctuations and changes of macroeconomics and exchange rates cannot be ignored.


  The pricing of overseas purchased ore is based on LME price in London, and the pricing of domestic electrolytic copper is based on SHFE price in Shanghai Futures Exchange. The price changes of LME and SHFE are not completely synchronized, and the price difference exists for a long time and fluctuates violently. The calculation formula is "the current price of No.1 electrolytic copper in Yangtze River -(LME copper-swap fee+Yangshan copper premium) ×(1+ VAT rate )× exchange rate-miscellaneous fees".


  Theoretically, only when the above-mentioned tax-free static spread is greater than zero, the profit can be locked when the LME market imports the spot price and simultaneously sells the hedging in SHFE.


  Because the time node where the above price difference is positive is limited, usually there are only 3-4 opportunities throughout the year, it is very important for smelting enterprises to pay close attention to market dynamics and seize the right time to lock in the right amount of raw materials.


  B hedging scale and structure


  Before confirming the scale and structure of hedging, it is necessary to analyze the quantity and structure of raw materials and finished products of smelting enterprises. Because of the same pricing basis, the domestic purchased and sold parts can be hedged naturally, and only the purchased raw materials and the domestic finished products can be hedged. If the copper output of a smelter is 500,000 tons/year, and the monthly price of raw materials and finished products is 41,700 tons, of which 60% of raw materials depend on imports, then the specific structure of hedging.


  Raw material part


  The average monthly import of copper concentrate is 25,000 tons, based on the spot average price of LME market in QP month or the spot price before entering QP month; Purchasing 16,700 tons of copper concentrate in China every month is based on the monthly average price of copper in SHFE that month.


  Finished product part


  The ratio of long orders to zero orders for electrolytic copper sales in the industry is 7∶3, that is, the monthly sales volume of long orders is 29,200 tons, based on the average price of SHFE in that month; Sporadic sales of 12,500 tons, based on the timely copper price of SHFE in the current month (that is, the spot price), and referring to the spot price of Yangtze River Nonferrous Metals.


  Natural hedging


  In order to reduce the occupation of hedging funds, based on the same pricing basis, 16,700 tons of copper concentrate purchased in China and 16,700 tons of electrolytic copper sold in long orders can be naturally hedged.


  Hedging scale and structure


  In the product part, 12,500 tons of electrolytic copper sold in long-term orders and 12,500 tons of electrolytic copper sold in retail orders are hedged in SHFE market; The corresponding monthly import of 25,000 tons of raw materials, buy hedging in LME market.


  Capital occupation


  If an average of 25,000 tons of raw materials are hedged every month, 5,000 lots of copper contracts need to be sold in SHFE. At the current price of 48,000 yuan/ton, calculated according to the margin ratio of 10%, it needs to occupy the trading margin of 120 million yuan; In order to reduce the risk and ensure the safety of positions, the continuous margin should be appropriately increased.


  C hedging strategy implementation of QP in different pricing periods


  The so-called pricing period is the validity period of pricing agreed by buyers and sellers in international trade. For example, the pricing period of copper concentrate is the second month after transportation, and the time of transportation month is subject to the ocean bill of lading. With the increasing concentration of the global copper concentrate market, the international mining monopoly oligarchs will not distribute the annual agreed trade volume to each month in a balanced way. Even QP quantity is only of theoretical significance, and uneven QP quantity is the normal state of international trade.


  Hedging strategy under QP uniformity


  At this time, the quantity of copper concentrate imported every month is 1/12 of the annual agreed quantity. The importing enterprises must seize every opportunity that the tax-free price difference is beneficial to import, and lock in the processing fee income through the operation of selling and buying at the same time in the domestic and foreign futures markets. Usually, there are three or four import hedging opportunities periodically every year, and the number of active months of SHFE copper contracts is also three to four months, which can basically meet the demand of imported enterprises for uniform hedging in domestic and foreign futures markets throughout the year, and the hedging operation is relatively simple.


  Hedging strategy under the condition of uneven QP


  Copper concentrate suppliers will take advantage of the strong market position and deliberately increase the QP in the traditional peak consumption season, so as to increase the copper price in LME market after entering this month, thus indirectly increasing the sales price of copper concentrate. At this time, it is only through the combination of positive cross-market and inter-period arbitrage that the imported enterprises can achieve the expected hedging effect.


  In January, May and June, 2019, there were hedging opportunities in which the tax-free spread was greater than zero. For example, on January 16th and 17th, the import profits were all around 400 yuan/ton, which was worth operating. If the refinery contract situation is that the amount of QP in February, March and April is small, totaling 34,000 tons, while the amount of QP in May is as high as 41,000 tons, then the total amount of QP in February, March and April should be bought into the LME3 March contract; Corresponding to China, SHFE2 contracts in February, March and April should sell 11,300 tons. If LME’s May date price (the third Wednesday of each month) and SHFE contract also have hedging opportunities, we can buy all or part of the May QP in LME market, and at the same time, we can choose to sell the same amount of goods on the contract with tax-free spread greater than zero in SHFE market, with the equivalent month or the active distant month as the top choice, and then adjust the monthly contract quantity evenly when the SHFE contract structure is suitable for short positions, thus solving the problem of "uneven import QP quantity". When the spot price is higher than the contract price of the month with the largest short position, the spot can be oversold and the contract of the month can be closed first, and the contract of the month can be suspended.


  It should be noted that the profit should be locked in advance by buying LME and throwing SHFE copper before QP month. Because after entering QP month, buying raw materials can only be priced according to the average settlement price of LME market spot month, it is difficult to grasp the timing of selling hedging positions in China at this time. Back to the above case, if the amount of QP in February exceeds the average, and the amount of QP in March, April and May is less, the extra amount of QP in February should be dealt with when there is an arbitrage opportunity without tax spread in January. In addition, we need to pay attention to the influence of the market structure of internal and external markets on the hedging effect.


  The fluctuation of exchange rate is of great significance to importing enterprises, and the fluctuation of RMB against the US dollar will greatly affect the profits of enterprises. Therefore, while locking the price comparison during the import profit window, we should lock the exchange rate at the same time to hedge the risk of RMB depreciation. Specific operation can choose to buy RMB/USD futures (CUS) of HKEx or RMB/USD futures (UC) of SGX, and the contract month corresponds to the domestic SHFE copper contract month.


  Let’s take the above example. For example, on January 16th, 34,000 tons of copper were bought at the LME market for $5,900/ton, with a total market value of $ 34,000× 59,000 = 2,006 million. The first-hand RMB futures of SGX were $100,000, so it was necessary to buy 2,006 lots of RMB futures, with a margin of about 2.5% and a capital of about $50 million.


  D factors affecting import profit and loss


  Judging from the formula of tax-free spread, it is easy to find that the profit and loss of imports depend on the following factors:


  First, the linkage and differentiation of the relative trend of the internal and external disk. For copper, due to the existence of a large number of cross-market hedging arbitrage positions, it is difficult for the two cities to get out of the differentiated market, and more is just the different ups and downs. Generally speaking, the trading time of Luntong copper is long, and the market leads Shanghai copper to move towards and ahead of Shanghai copper, and the fluctuation range often exceeds Shanghai copper. In this regard, we can intuitively observe with the ratio of the inner disk to the outer disk, and the increase in the ratio indicates that the increase in the inner disk is higher than that in the outer disk, and vice versa.


  For example, from the end of 2017 to the beginning of 2018, Luntong continued to rise in December, hitting a new high of $7,312.5/ton on the 28th. As shown in the figure below, the ratio of the main contract of the internal market to the closing price of LME3 at 3 pm in March shows a gradual downward trend in the first box, which means that Shanghai copper is gradually weakening relative to Luntong. During this period, the average import loss was around 600 yuan/ton. Subsequently, on January 23, 2018, Luntong fell by 2.49%, but the decline of Shanghai Copper did not follow. On the 22nd, the ratio of Shanghai Copper was 7.64, and on the 23rd, it rose sharply to 7.80, and the import profit on that day exceeded 1000 yuan/ton.


  The second is the impact of CNH exchange rate changes. Of course, the influence of Shanghai-Shanghai ratio on import profit is not absolute. From the opening in mid-June to mid-July, 2018, the import window was always closed. Judging from the basis difference between the internal and external disks at that time, they were all in a positive structure and were in a spot discount state. Yangshan copper premium remained at a high level of about $80/ton. However, from March 27th to August 15th of that year, the offshore RMB CNH depreciated from 6.2355 to 6.9583. As can be seen from the second box in the figure below, the exchange rate trend wears the Shanghai-Lun ratio, which means that the exchange rate decline far exceeds the increase of the Shanghai-Lun ratio. This factor alone can determine the state of import profit and loss, which shows the importance of exchange rate management.



图为SHFE主力与LME的3月合约收盘价



  The picture shows the closing price of the March contract between SHFE main force and LME.



图为LME库存与现货升贴水



  The picture shows LME inventory and spot discount.


  The third is the influence of the different basis structure of the inner and outer disks. On August 13-22 and August 31-September 11, 2018, two long-lasting profit windows were opened, and the highest import profit was almost equal to 1000 yuan/ton. At that time, LME went to stock by canceling warehouse receipts. On August 13th, the cancellation of warehouse receipts accounted for less than 10%, and LME’s cash-3s was greatly discounted at about $30/ton. With the opening of the import profit window, the profit-driven inventory moved to Asian warehouses. On August 31st, the proportion of cancelled warehouse receipts rose rapidly to 53%, and LME’s cash-3s discount shrank to USD 7/ton. At the same time, CNH also cooperated with the withdrawal from a relatively high level and was in a state of slight appreciation. Domestic consumption entered the peak season, and the spot premium rose to about 200 yuan/ton. At this time, the internal and external disks echo each other, and the spot market is in a rare common heat.


  Fourthly, the influence of spot copper premium in Yangshan foreign trade market. With the development of the breadth and depth of the market, the financial attribute of copper gradually fades, and the commodity attribute is increasingly enhanced. The import quantity basically reflects the rigid demand of the real economy. When the import profit expands, traders are profitable, and the import clearance volume is greatly increased, and the Yangshan copper premium rises. Therefore, the spot copper premium in foreign trade market is a dependent variable determined by the above three factors, and its own change has been difficult to affect the import profit window.



图为洋山铜溢价与进口盈亏对比



  The picture shows the comparison between Yangshan copper premium and import profit and loss.


  E market outlook and enterprise countermeasures


  In 2019, the TCbenchmark was US$ 80.8/ton, while the spot TC of copper concentrate fell all the way to below US$ 60/ton, and the price of sulfuric acid continued to fall. Some small smelters with few long-term associations have fallen below the production cost. Although the output of electrolytic copper decreased by 50,000 tons in the first half of the year, it is estimated that the crude refining capacity will increase by 800,000 tons and the refining capacity will increase by 1 million tons during the year. At the same time, due to various unexpected disturbances, woodmackenzie has predicted the negative growth of copper concentrate output. As far as the industrial chain as a whole is concerned, it is obviously bad for smelting enterprises, so it is particularly important to maintain due profits.


  At present, the global economic growth is slowing down and the trade friction is constant. On April 17th, the copper price of Luntong continued to drop from a high of 6,608.5 USD/ton to 5,740 USD/ton on June 7th. At present, with the staged achievements of the Sino-US trade agreement, Luntong has once again returned to the 6,000 USD/ton mark. From the perspective of terminal consumption, domestic automobile consumption may be in a state of bottoming out, air conditioning production is no longer strong, and cable orders are not optimistic. Superimposing the international political and economic environment that may be repeated, it is difficult for copper prices to get out of the trend of unilateral rise. The current rise is more about repairing the low volatility for a long time before.


  During the observation period, the depreciation rate of the exchange rate was slightly larger than the price comparison between the internal and external markets. Due to the weakening of downstream consumption, Yangshan copper premium fell sharply, and the import profit window was opened from time to time, but it didn’t last long and the profit margin was limited. Therefore, for smelting enterprises, it is more important to grasp the nodes that the profit window opens every time and rationally arrange the positions that need to be preserved.

(Editor: Zhao Peng)

China has become the largest trading partner of 25 countries.

  On August 27th, the State Council Press Office held a press conference in Beijing, inviting Ning Ji Zhe, deputy director of the Office of the Leading Group for Promoting the Construction of the Belt and Road, deputy director of the National Development and Reform Commission and director of the National Bureau of Statistics, Qian Keming, Vice Minister of Commerce, and Zhang Jun, Assistant Foreign Minister, to introduce the progress and prospect of the five-year joint construction of the Belt and Road, and to answer questions from reporters.

  Significant progress has been made in the construction of the "Belt and Road"

  Five years after the "Belt and Road Initiative" was put forward, it has received positive global response and participation. After five years of practice, the "Belt and Road Initiative" has been transformed from concept and vision into practical action, and significant progress has been made.

  Ning Jizhen said that the "One Belt, One Road" initiative and its core concept have been written into the outcome documents of important international mechanisms such as the United Nations, and 103 countries and international organizations have signed 118 cooperation agreements with China. Among the 279 achievements of the first "Belt and Road" international cooperation summit forum in 2017, 265 have been completed or turned into normal work, and 14 are being supervised and promoted, with an implementation rate of 95%.

  In addition, in the past five years, the "Belt and Road" construction has made positive progress in paying close attention to key projects, strengthening financial support, and close cultural exchanges. It is estimated that by 2020, the number of two-way tourists between China and countries along the route will exceed 85 million, and the tourism consumption will be about 110 billion US dollars.

  "The practice in the past five years shows that co-construction of ‘ Belt and Road ’ In line with the trend of the times and the development direction, international recognition is growing, there are more and more partners, and the influence continues to expand. " Ning Jizhe said that China is now the second largest economy in the world, and China’s economic growth has contributed more than 30% to the world’s economic growth. Cooperation between China and countries along the route is conducive to sharing opportunities for mutual development. In the past few years, China and countries along the route have made joint efforts to promote regional economic development and world economic recovery.

  Zhang Jun said that the "Belt and Road Initiative" bears the good wishes of people of all countries to achieve common development and prosperity, meets the practical needs of coping with the risks and challenges of the world economy, shows the strategic vision of leading and building an open world economy, and also shows China’s constructive role as a responsible big country.

  Economic and trade cooperation has achieved remarkable results

  Qian Keming said at the press conference that in the past five years, China’s trade with countries along the route has been expanding. At present, China has become the largest trading partner of 25 countries along the route, and has signed or upgraded five free trade agreements with 13 countries along the route, which is based on the periphery and covers the "Belt and Road" and is accelerating the formation of a high-standard free trade network facing the world.

  — — In the past five years, China’s total trade with countries along the route has exceeded 5 trillion US dollars, with an average annual growth rate of 1.1%.

  — — In the past five years, China’s direct investment in countries along the route has grown at an average annual rate of 7.2%, and the newly signed foreign contracted projects in countries along the route have exceeded 500 billion US dollars, with an average annual growth rate of 19.2%. At the same time, we will continue to relax the field of foreign investment access, create a high-standard business environment, and attract countries along the route to invest in China.

  — — In the past five years, Chinese enterprises have built 82 overseas economic and trade cooperation zones in countries along the route, with a cumulative investment of 28.9 billion US dollars, 3,995 enterprises have entered the zones, and the taxes and fees paid to the host country have totaled 2.01 billion US dollars, creating 244,000 jobs for the local area.

  When answering a reporter’s question from Economic Daily, Ning Ji Zhe said that China and relevant countries have achieved positive results in promoting third-party market cooperation. Third-party market cooperation is an open, inclusive, pragmatic and effective mode of international cooperation, which embodies the "One Belt, One Road" concept of joint venture, joint construction and sharing, and helps enterprises in China and other countries, especially those in developed countries and multinational enterprises, to complement each other’s advantages, inject new kinetic energy into the economic development of third countries and achieve a win-win effect of "1+1+1>3". China is willing to work with relevant countries and enterprises to expand the scope of cooperation in third-party markets, adhere to the concept of co-construction, co-construction and sharing, open up markets for investment, production and operation, actively innovate cooperation modes, and support enterprises to open up new markets in various ways, including joint bid and joint investment, so as to achieve complementary advantages and win-win results.

  China has always attached importance to strengthening debt management.

  Ning Ji Zhe said that in the face of the new situation, the China Municipal Government will, as always, adhere to the principle of mutual cooperation, joint construction and sharing, adhere to the laws of the market economy and international rules, and promote the construction of the Belt and Road with high quality and high standards with win-win cooperation as the goal.

  In response to concerns about the debt problem, Qian Keming said that China has always attached great importance to how to promote the economic growth of the host country without creating a burden. Therefore, it has always emphasized the choice of infrastructure investments with better economic benefits, especially those that can promote employment, increase tax revenue and increase exports. Developed countries and multilateral financial institutions are also welcome to participate and improve the efficiency of capital use.

  Ning Jizhen said that the joint construction of the "Belt and Road" project has brought effective investment to relevant countries, not the so-called "debt trap". Judging from the actual situation, some national debt problems reported by foreign media are not necessarily related to the "Belt and Road" construction and its projects. Among them, some countries have high debt levels in the past, and some countries do have a heavy debt burden, but they mainly borrow a lot from other countries and international financial organizations for a long time. China is a latecomer, not the biggest creditor.

  Ning Ji Zhe said that China has always attached importance to strengthening debt management for joint projects and investment cooperation with relevant countries. On the issue of investment and financing of the "Belt and Road" construction project, China has always adhered to the guidance of economic benefits, provided loans according to the actual situation of the project countries, supported the project construction, and avoided causing new debt risks and financial burdens to the project countries. Before providing financing for the project, Chinese banks will strictly measure the borrower’s liabilities and solvency, and will continue to track and monitor relevant country risks and sovereign risks after the loan. Developing economy and improving people’s livelihood are the most urgent tasks for developing countries. For some developing countries that really need urgent funds for economic construction, Chinese banks will also help them achieve debt sustainability by rationally designing financing structures and other ways.

On-the-spot Report of the 10th Anniversary of the Reform of Shanghai Entry-Exit Frontier Inspection Station

  Zhou Xiaodong, Shanghai Channel of Xinhuanet reported on October 17th that Shanghai Port is one of the largest and earliest ports opened to the outside world approved by the State Council, and enjoys the reputation of "China’s first airport". Established in 1998, Shanghai Entry-Exit Frontier Inspection Station is responsible for frontier inspection of entry-exit personnel and means of transportation at Shanghai Port. After ten years’ experience, Shanghai border inspectors have taken a reform road of developing through inheritance and innovating through development.


  In 2007, Shanghai Entry-Exit Frontier Inspection Station inspected more than 19.5 million entry-exit personnel, 4.9 times that of 1998. The number of people entering and leaving Shanghai Airport has ranked first in the national airport for nine consecutive years. In the past ten years, Shanghai Border Inspection Station has inspected more than 113.28 million entry-exit personnel, ranking first in the country. Among them, the number of foreign passengers inspected accounts for more than a quarter of the national total, ranking first in the country. More than 740,000 flights of inbound and outbound aircraft were inspected, ranking first in the country. 177,309 international ships were inspected and 1,553 Shanghai-Hong Kong trains were inspected.


  Inheriting the glorious brand of professional reform


  Fifty years of vicissitudes and great changes, half a century of spring and autumn. On January 4th, 1952, the East China Military and Political Commission of People’s Republic of China (PRC) set up the "Shanghai Frontier Inspection Station" in Shanghai, which was responsible for the frontier inspection at the Shanghai port, ending the history of "having borders without defenses" in Shanghai. In the following forty years, Jinshan, Wusong, Waigaoqiao and Hongqiao border checkpoints were established one after another.


  With a flick of a finger, history ushered in a new opportunity. On July 1, 1998, according to the spirit of the State Council’s reply, the Shanghai Entry-Exit Frontier Inspection Station was formally established, with a deputy department-level system, directly under the leadership of the Ministry of Public Security, and all personnel were changed from active military personnel to professional people’s police, thus the Shanghai border inspection team entered a brand-new development stage. The sense of overall situation and sense of responsibility passed down from the original army made Shanghai border inspectors devote all their enthusiasm to their new posts as always. Time flies, with the glorious brand of the national guard. In just ten years, Shanghai Border Inspection Station has successively set up Pudong Border Inspection Station, Railway Border Inspection Station and Yangshan Border Inspection Station, and the number of border inspection stations under the main station has increased from five before the transformation to eight. The service area covers 105 docks and 429 berths in Pudong and Hongqiao International Airports, Shanghai Railway Station and Shanghai Port. The coastline of the harbor is 470 Li long.


  Struggle hard to start a business.


  Follow the footsteps of history and forge ahead. How long is the road of ten years? Shanghai border inspectors are not afraid of difficulties, and how far is the pace of hard work.


  In 1999, when the first phase of Pudong Airport was completed, the designed annual passenger flow was 20 million, of which the designed annual international passenger flow was 4.5 million. In fact, by 2004, the annual international passenger flow of Pudong Airport reached more than 12 million passengers, nearly three times the designed annual passenger flow. Faced with the situation and pressure, Shanghai Border Inspection Station has been exploring for breakthroughs, actively contacting relevant parties and expanding the passenger waiting area. Around their own potential, maximize the existing police force to deal with major border security tasks. In October, 2001, all the police in Shanghai Border Inspection Station fought hard and fulfilled their mission, successfully completing the border inspection security task of the world-renowned APEC meeting. In October 2002, Shanghai Border Inspection Station ushered in a major adjustment in border inspection service since the vocational reform. In order to meet the needs of aviation hub port construction, all international, Hong Kong and Macao flights that took off and landed at the former Hongqiao International Airport moved eastward to the newly built Pudong International Airport. Under the guidance of the superior, the frontier inspection station has repeatedly brewed and carefully formulated a set of implementation plans to ensure the smooth handover of the frontier inspection work after moving eastward. On January 26th, 2003, with the first Taiwanese Spring Festival charter flight flying over the Taiwan Province Strait to Pudong Airport, the ice of direct cross-strait flights for more than 50 years will be broken at this moment. As a witness of this historic moment, the Shanghai border inspector undertook the border inspection task of this Taiwanese charter flight. Facing the new challenges, Shanghai Border Inspection Station successfully completed its task again under the guidance of its superiors.It has been fully affirmed by the Taiwan Affairs Office, the Exit-Entry Administration of the Ministry of Public Security and the city leaders. Up to now, Shanghai Border Inspection Station has inspected 388 chartered flights by Taiwanese businessmen, providing high-quality and efficient customs clearance services for more than 81,800 passengers.


  In recent years, Shanghai Border Inspection Station has been focusing on improving the service level, insisting on customs clearance efficiency and strict control, and has handed over satisfactory answers for arduous tasks again and again. It has successfully completed the entry and exit frontier inspection tasks of a series of major international conferences and activities, such as the Shanghai Annual Meeting of the Fortune Forum, the Shanghai Cooperation Organization Summit, the 35th Annual Meeting of ADB, the 12th Special Olympic Games and the Beijing Olympic Games, and made positive contributions to the country’s reform, opening up and economic construction. During the APEC meeting and the Shanghai Cooperation Organization Summit, Shanghai Border Inspection Station was awarded Class II by the Ministry of Public Security respectively.


  Strengthen the police with science and technology and build a good soldier at the port


  Ten years of take-off cannot be separated from the wings of science and technology. Shanghai Border Inspection Station adheres to the principle of "strengthening police through science and technology" and continuously increases investment in scientific and technological equipment. Since the vocational reform, the main station has invested more than 70 million yuan in science and technology. More than 2,000 computers and nearly 200 vehicles were distributed to the grassroots. The grass-roots front line is equipped with the world’s advanced document inspection instrument, which greatly improves the technical content and identification ability of false and false documents. According to the passenger flow analysis system, the airport border inspection station scientifically deployed police to ensure the smooth completion of the entry-exit border inspection task under the situation of large numbers of people entering and leaving. The construction of "digital service" has been strengthened and standardized at seaport border checkpoints and railway border checkpoints. Through the three-dimensional service management mode of "TV monitoring+mobile patrol+limited area", the management and control ability of port entry and exit activities has been further enhanced. The information query system software of border inspection documents jointly developed fills the gap in the field of passport documents query in China’s border inspection system.


  Chen Jian, a policeman at Waigaoqiao Border Inspection Station, was deeply impressed by the strong police through science and technology. "I was one of the first policemen to patrol the dock in a police car!" , he all proudly recalled, "I remember the first time I drove a police car to patrol the dock, many foreign crew members came out to see us. In their eyes, China border police patrolled the dock on foot and by bike. At present, the conditions of our border inspection are getting better and better, and electronic monitoring equipment has been put into use at every seaport and port, which completely changed the "one ship, one post" international navigation ship monitoring mode in the early 1990s. As witnesses, we are also sincerely proud of our profession! "


  The pace of Shanghai border inspectors climbing the peak of science and technology has never stopped. In March 2006, Shanghai Border Inspection Station fully launched the "Golden Shield Project" project "Meisha System" of the Ministry of Public Security at the port, which made the informationization level of Shanghai border inspection work reach the international advanced level. Through this powerful core command system, the two-level duty disposal mode of the main station and the border inspection station has been optimized, and the joint duty of sea, land and air ports has been realized in the national border inspection organs, and a criss-crossing port management and control network has been carefully woven. In the past ten years, the main station has seized more than 4,600 cases of smuggling, with more than 6,000 person-times, and received and handled more than 30,000 repatriated persons. The increasing strength of "strengthening the police through science and technology" has really improved the combat effectiveness of the Shanghai border inspection team.


  Practicing internal strength hard and strengthening the quality of police


  Ten years of change, things have changed. The harvest lies not only in the innovation of technical equipment, but also in the improvement of personnel quality, which is the greatest wealth of the ten-year job reform and the source of the vigorous development of border inspection.


  In the past ten years, Shanghai Border Inspection Station has always insisted on carrying out the police training plan based on quality education, the standardization of grass-roots teams and various forms of on-the-job training, which has greatly improved the overall quality and professional skills of the team. At present, 100% of the police have achieved college education or above, and all 35 grass-roots teams have achieved standardization. Since the restructuring in 1998, the Central Station has recruited more than 1,000 local college students who are interested in border inspection to enrich the team and constantly optimize the quality structure of the team. As a new force in the team of college students’ police, the main station pays attention to professional navigation and vigorously cultivates professionalism and dedication. With the training of organizations and their own efforts, many people have grown into professional backbones in their posts. In recent years, Shanghai Border Inspection Station has sent seven policemen to participate in UN peacekeeping missions. Organized business experts to give business lectures overseas for many times. More than 200 collectives and more than 1,500 policemen have been commended by various levels and types. A large number of advanced models, such as Nie Rendong, a national super-excellent people’s policeman, and Chen Peihong, a red flag bearer in Shanghai, have emerged in the ranks, and the anti-smuggling experts fighting at the front line of the port are well-known at home and abroad.


  A teacher who is determined to forge ahead.


  With the support and guidance of their superiors, Shanghai border inspectors have pioneered the national border defense system and the Ninth Border Inspection Station again and again, and achieved the first time and again.


  In January 1999, Wusong Border Inspection Station started to use electronic monitoring equipment, which completely changed the "one ship, one post" international navigation ship monitoring mode in China.


  On January 1, 2000, the 48-hour transit visa-free policy was implemented in some countries, which further simplified the customs clearance procedures for transit passengers.


  In August, 2001, the "Entry Passage for China Citizens" was first set up in China, which greatly enhanced the sense of honor of China citizens.


  In September 2006, the supporting commercial housing "Baojingyuan" project was launched, which completely solved the housing difficulties of more than 1,000 police officers without housing in the main station.


  In May 2008, the inspector grading system was initiated, which provided a new mechanism guarantee for promoting the sustainable development of the team and improving the level of border inspection services.


  In 2008, the civilian staff openly recruited by the general station went to work, replacing the front-line police with civilian staff as auxiliary work, and boldly embarked on a brand-new road for China’s border inspection organs to revitalize the police force.


  Phoenix nirvana is the sublimation of the realm, and the reproduction of history is in line with the development of the situation. On September 29th, 2007, under the care of Premier Wen Jiabao, the international flight of Hongqiao Airport officially resumed, and eight routes between Japan and South Korea were opened. The police at Hongqiao Border Inspection Station once again performed their duty of guarding the country. They gave this 44-year-old border inspection station a new life with a brand-new service concept. The T2 terminal in Pudong has been completed, designed to handle 60 million passengers at home and abroad every year, and the first-class environmental facilities have created a new landmark of Shanghai’s air gateway. Frontier inspection facilities are more perfect and humanized, with 144 new border inspection channels. It is estimated that the number of international passengers will reach more than 27 million by 2010.


  Yang Xiangda, the chief stationmaster of Shanghai Border Inspection Station, commented on this team when he reviewed the stormy course of the ten-year reform of Shanghai Border Inspection: "The ten-year reform is not only a change in hardware facilities, but more importantly, a change in the mental outlook of our Shanghai border inspectors, and an improvement in the overall quality of our team. There are both inheritance and development, and we have inherited the tenacious tradition of the army and made new progress in our understanding of service. This can be said to be the professional characteristics and spirit of our Shanghai border inspectors. After ten years of sharpening a sword, today, we have a team that can fight hard, a team full of honor and responsibility. Such a team is the guarantee for us to meet all challenges and win hard battles! "


  With the continuous acceleration of the construction of "four firsts" and "four centers" in Shanghai, history has put forward brand-new requirements for the level and efficiency of border inspection work. In 2008, Shanghai Border Inspection Station, under the leadership of its superiors, successfully completed the border inspection and security tasks for the Beijing Olympic Games. In 2010, the Shanghai World Expo has set the largest number of participating countries and will attract more than 200 countries and international organizations and more than 70 million domestic and foreign tourists. Shoulder the glorious mission of showing Chinese civilization and welcoming guests from all over the world. According to the overall deployment of the Ministry of Public Security, Shanghai Border Inspection Station is making great strides towards the goal of building the best administrative law enforcement team in China and the service level entering the advanced ranks in the world!

Editor: Wang Jiaolong

Netizens visit Jay Chou’s "Magic Master E-sports" Internet Cafe: VIP charges 300 yuan every hour!

  Apart from being a singer, Jay Chou is also an out-and-out e-sports fan. In April this year, Jay Chou and IDG co-founded the "Magic Jie E-sports" brand, and the first e-sports Internet cafe jointly opened by the two parties officially settled in Shenzhen.

Ranger network

  The overall specification of this internet cafe is completely against the standard of high-end internet cafes, and the price is also the standard of high-end internet cafes. Some netizens visited the first Jay Chou Internet cafe in Shenzhen, and it was not cheap in terms of price. The price of the lobby was 10 yuan/hour, while the most expensive VIP seat reached 300 yuan/hour.

Ranger network

  Different from other Internet cafes, the display screen, mouse, keyboard and headphones of Jay Chou Internet Cafe are all customized versions with Jay logo, and the host is a high-end game console known for its powerful game performance and high price.

Ranger network

Ranger network

Ranger network

Ranger network

  The following private room is Jay’s exclusive private room, which is a complete copy of Jay Chou’s office in Taipei. Besides playing games, you can also enjoy the office in Jay Chou.

Ranger network

Keynote Speech by the Chairman of the Supreme Leader at the Opening Ceremony of the 2017 Annual Meeting of the World Economic Forum (full text)

  Xinhua News Agency, Davos, Switzerland, January 17th-The Supreme Leader of president attended the opening ceremony of the 2017 annual meeting of the World Economic Forum on January 17th and delivered a keynote speech entitled "Sharing the responsibility of the times and promoting global development together". The full text of the speech is as follows:

Sharing the responsibility of the times and promoting global development

— — Keynote speech at the opening ceremony of the 2017 annual meeting of the World Economic Forum

(Davos, January 17, 2017)

Chairman People’s Republic of China (PRC), Supreme Leader

  Dear President Leuther Harder and Mr. Hausen,

  Distinguished heads of state, heads of government, deputy heads of state and their wives,

  Dear heads of international organizations,

  Dear President Schwab and his wife,

  Ladies and gentlemen, friends,

  I am very happy to come to beautiful Davos. Although Davos is only a small town in the Alps, it is an important window to observe the world economy. Everyone gathered here from all directions, and all kinds of ideas collided with sparks of wisdom, and achieved high output with less input. I think this phenomenon can be called "Schwab economics".

  "This is the best time, but also the worst time", British writer Dickens once described the world after the industrial revolution. Today, we also live in a contradictory world. On the one hand, material wealth is accumulating, scientific and technological progress is changing with each passing day, and human civilization has developed to the highest level in history. On the other hand, regional conflicts occur frequently, and global challenges such as terrorism and refugee flows are one after another. Poverty, unemployment and income gap are widening, and the uncertainty facing the world is rising.

  In this regard, many people are confused. What happened to the world?

  To solve this puzzle, we must first find the root of the problem. There is a view that the world chaos is attributed to economic globalization. Economic globalization was once regarded as the cave of Alibaba, and now it is regarded as Pandora’s box by many people. The international community has held extensive discussions around the issue of economic globalization.

  Today, I want to talk about my views on the world economy from the perspective of economic globalization.

  What I want to say is that many problems that plague the world are not caused by economic globalization. For example, in the past few years, the tide of refugees from the Middle East and North Africa has affected the whole world, millions of people have been displaced, and even many young children have been buried in the sea on the way, which makes us sad. The causes of this problem are wars, conflicts and regional turmoil. The way to solve this problem is to seek peace, promote reconciliation and restore stability. For another example, the international financial crisis is not the inevitable product of the development of economic globalization, but the result of excessive profit-seeking of financial capital and serious lack of financial supervision. Simply blaming the problems that plague the world on economic globalization is neither in line with the facts nor helpful to solve the problems.

  Historically, economic globalization is the objective requirement of the development of social productive forces and the inevitable result of scientific and technological progress, and it is not artificially created by any person or country. Economic globalization has provided a strong impetus for world economic growth and promoted the flow of goods and capital, the progress of science and technology and civilization, and people-to-people exchanges among countries.

  Of course, we also have to admit that economic globalization is a "double-edged sword". When the world economy is in a downturn, the "cake" of the global economy is not easy to get bigger or even smaller, and the contradiction between growth and distribution, capital and labor, efficiency and fairness will become more prominent, and both developed and developing countries will feel the pressure and impact. The voice of anti-globalization reflects the deficiency of the process of economic globalization, which deserves our attention and deep thinking.

  "Sweet melons are bitter, and beautiful dates are thorns." Philosophically speaking, there is no perfect thing in the world. It is not comprehensive to regard it as perfect because it has advantages, and it is not comprehensive to regard it as useless because it has disadvantages. Economic globalization has indeed brought new problems, but we can’t kill it with a stick, but we should adapt to and guide it, eliminate its negative effects and make it better benefit every country and nation.

  At that time, China had misgivings about economic globalization and had misgivings about joining the World Trade Organization. However, we believe that integration into the world economy is the historical direction. If China wants to develop its economy, it must dare to swim in the sea of Wang Yang in the world market. If it never dares to go to the sea to see the world, it will drown in the sea one day. Therefore, China bravely entered the world market. In this process, we choked over water, encountered whirlpools and encountered storms, but we learned to swim in swimming. This is the right strategic choice.

  The sea of the world economy, whether you want it or not, is there and you can’t avoid it. It is impossible to artificially cut off the capital flow, technology flow, product flow, industrial flow and personnel flow of various countries’ economies, and let the sea of the world economy retreat to isolated small lakes and rivers, which is also inconsistent with the historical trend.

  Human history tells us that it is not terrible to have problems. What is terrible is that we dare not face the problems directly and cannot find a way to solve them. Facing the opportunities and challenges brought by economic globalization, the correct choice is to make full use of all opportunities, cooperate with all challenges, and guide the direction of economic globalization.

  At the end of last year, I proposed at the informal meeting of APEC leaders that the process of economic globalization should be more dynamic, inclusive and sustainable. We should take the initiative and manage appropriately, so as to release more positive effects of economic globalization and realize the rebalancing of the process of economic globalization; We should conform to the general trend, combine the national conditions and correctly choose the path and rhythm of integrating into economic globalization; We should stress efficiency and fairness, so that different countries, different classes and different people can share the benefits of economic globalization. This is the responsibility of the leaders of our time, and it is also the expectation of people from all over the world.

  Ladies and gentlemen, friends!

  At present, the most urgent task is to lead the world economy out of the predicament. The world economy has been in a long-term downturn, and the gap between the rich and the poor and the gap between the north and the south has become more prominent. The root cause is that the three prominent contradictions in the economic field have not been effectively solved.

  First, the global growth momentum is insufficient to support the sustained and steady growth of the world economy. The growth rate of the world economy is at the lowest level in seven years, and the growth rate of global trade continues to be lower than the economic growth rate. Short-term policy stimulus is not effective, and deep-seated structural reforms are still being promoted. The world economy is in the shift period of kinetic energy conversion, and the pulling effect of traditional growth engines on the economy is weakened. Although new technologies such as artificial intelligence and 3D printing are constantly emerging, new economic growth points have not yet formed. The world economy has still failed to open up a new path.

  Second, global economic governance is lagging behind and it is difficult to adapt to the new changes in the world economy. Not long ago, Ms. Lagarde told me that the contribution rate of emerging market countries and developing countries to global economic growth has reached 80%. In the past few decades, the international economic power has undergone profound changes, but the global governance system has failed to reflect the new pattern, which is not representative and inclusive enough. The global industrial layout is constantly adjusting, and new industrial chains, value chains and supply chains are increasingly formed. However, trade and investment rules have failed to keep up with the new situation, and the mechanism is closed and the rules are fragmented. The global financial market needs to strengthen its ability to resist risks, but the global financial governance mechanism has failed to meet the new demand, and it is difficult to effectively solve the problems such as frequent turmoil in the international financial market and the accumulation of asset bubbles.

  Third, the global development is unbalanced and it is difficult to meet people’s expectations for a better life. In his book The Fourth Industrial Revolution, Mr. Schwab wrote that the fourth industrial revolution will have an extremely extensive and far-reaching impact, including increasing inequality, especially the gap between capital return and labor return. The wealth of the richest 1% population in the world exceeds the sum of the wealth of the remaining 99% population, and the unequal income distribution and unbalanced development space are worrying. More than 700 million people in the world still live in extreme poverty. For many families, having a warm house, enough food and a stable job is still a luxury. This is the biggest challenge facing the world today, and it is also an important reason for social unrest in some countries.

  These problems reflect that there are problems that must be solved in the current world economic growth, governance and development model. Du Nan, the founder of the International Red Cross, said: "The real enemy is not our neighbors, but hunger, poverty, ignorance, superstition and prejudice." We should not only have the wisdom to analyze problems, but also have the courage to take action.

  First, adhere to the drive of innovation and create a dynamic growth model. The fundamental problem facing the world economy is the lack of growth momentum. Innovation is the first driving force for development. Compared with previous industrial revolutions, the fourth industrial revolution unfolded at an exponential but nonlinear speed. We must find a way out in innovation. Only by daring to innovate and change can we break through the bottleneck of world economic growth and development.

  The G20 leaders reached an important consensus at the Hangzhou Summit, and they should take innovation as an important starting point to tap new impetus for economic growth of countries and the world. We should innovate the concept of development, go beyond the debate about whether fiscal stimulus is more or monetary easing is more, and establish the idea of treating both the symptoms and root causes and comprehensive policies. We should innovate policy means, promote structural reforms, create space for growth and increase stamina. We should innovate the growth mode, grasp the opportunities brought by the new round of industrial revolution and digital economy, not only deal with the challenges brought by climate change and aging population, but also resolve the impact of informationization and automation on employment, and pay attention to creating new employment opportunities in the process of cultivating new industries, new formats and new models, so that people of all countries can regain their confidence and hope.

  Second, adhere to synergy and create an open and win-win cooperation model. Human beings have become a community of destiny in which you have me and I have you. Their interests are highly integrated and interdependent. Every country has the right to development, and at the same time, it should consider its own interests at a broader level, not at the expense of the interests of other countries.

  We must unswervingly develop an open world economy, share opportunities and interests in opening up and achieve mutual benefit and win-win results. You can’t retreat to the harbor as soon as you encounter a storm, it will never reach the other side. We must make great efforts to develop global connectivity, so that all countries in the world can achieve coordinated growth and move towards common prosperity. We must unswervingly develop global free trade and investment, promote the liberalization and facilitation of trade and investment in the process of opening up, and take a clear-cut stand against protectionism. Protectionism is like shutting yourself in a dark room. It seems to have escaped the wind and rain, but it also isolates the sun and the air. The result of a trade war can only be mutual loss.

  Third, keep pace with the times and create a fair and reasonable governance model. Xiao Zhi governs affairs, and great wisdom governs the system. The urgency of the reform of the global economic governance system is becoming more and more prominent, and the voice of the international community is getting higher and higher. Only when the global governance system adapts to the new requirements of the international economic structure can it provide a strong guarantee for the global economy.

  All countries, big or small, strong or weak, rich or poor, are equal members of the international community and should participate in decision-making, enjoy rights and fulfill obligations on an equal footing. It is necessary to give emerging market countries and developing countries more representation and voice. In 2010, the IMF’s quota reform program has come into effect, and this momentum should be maintained. We must adhere to multilateralism and safeguard the authority and effectiveness of the multilateral system. To keep promises and abide by rules, you can’t choose or choose according to your own wishes. The Paris Agreement is in line with the general direction of global development, and the results are hard-won. We should stick to it together and not give up lightly. This is our responsibility to future generations!

  Fourth, adhere to fairness and tolerance and create a balanced and inclusive development model. "The trip to the avenue is also the world’s public." The purpose of development is to benefit the people. To make development more balanced, to make development opportunities more equal, and to share the fruits of development, it is necessary to improve the development concept and model and enhance the fairness, effectiveness and synergy of development.

  We should advocate the social atmosphere of diligence, frugality and hard work, so that all people’s labor achievements can be respected. Efforts should be made to solve problems such as poverty, unemployment and widening income gap, take care of the concerns of vulnerable groups and promote social fairness and justice. We should protect the ecological environment, promote the coordinated development of economy, society and environment, and realize the harmony between man and nature and between man and society. It is necessary to implement the United Nations 2030 Agenda for Sustainable Development and achieve balanced development on a global scale.

  "If you do what you do, you will be invincible; What the wisdom of all people does is nothing. " As long as we firmly establish the sense of community of human destiny, work together, share responsibility, help each other in the same boat and tide over difficulties together, we will certainly be able to make the world better and people happier.

  Ladies and gentlemen, friends!

  After 38 years of reform and opening up, China has become the second largest economy in the world. The road determines fate. The key to the development of China lies in that the people of China, under the leadership of the Communist Party of China, have embarked on a development path suitable for China’s national conditions.

  This is a road established from the national conditions of our country. China, based on its own national conditions and practice, draws wisdom from Chinese civilization, absorbs the strengths of eastern and western schools, sticks to it without being rigid, draws lessons from it without copying it, and forms its own development path through constant exploration. All roads lead to Rome. No one should regard their own development path as a statue, let alone impose their own development path on others.

  This is a road that puts people’s interests first. China adheres to the people-centered development thought, taking improving people’s lives and enhancing people’s well-being as the starting point and the end result, seeking development impetus among the people, relying on the people to promote development, and making development benefit the people. China adheres to the goal of common prosperity, vigorously promotes the cause of poverty reduction, helps more than 700 million people get rid of poverty, and is making rapid progress towards the goal of building a well-off society in an all-round way.

  This is a road of reform and innovation. China persists in solving the difficulties and challenges encountered in its progress through reform, dares to gnaw at hard bones and wade into dangerous beaches, dares to break down institutional and institutional obstacles that hinder development, and constantly liberates and develops social productive forces and enhances social vitality. In the past four years, we have launched more than 1,200 reform measures on the basis of continuous reform in the previous 30 years, which has injected a strong impetus into the development of China.

  This is a road to seek common development in opening up. China adheres to the basic national policy of opening to the outside world, pursues a win-win opening strategy, constantly enhances the internal and external linkage of development, and benefits more other countries and people while realizing its own development.

  China has made great achievements in its development, and the people’s lives in China have been greatly improved, which is good for China and the world. China’s development achievements are the result of decades of hard work, blood and sweat by the people of Chinese. For thousands of years, the Chinese nation has been known for its hard work and hard work. The people of China know very well that there is no free lunch in the world. China is a big country with a population of more than 1.3 billion. If you want to develop, you have to work hard on your own, and you can’t rely on the gifts of others. No one in the world has such ability.

  Observing the development of China depends on what the people of China have gained and what the people of China have worked hard. It depends not only on what China has achieved, but also on what China has contributed to the world. This is a comprehensive view.

  From 1950 to 2016, despite its low level of long-term development and people’s living standards, China provided more than 400 billion yuan in foreign aid, implemented more than 5,000 foreign aid projects, including nearly 3,000 complete sets of projects, held more than 11,000 training courses, and trained more than 260,000 people of various types in China for developing countries. Since the reform and opening up, China has attracted more than 1.7 trillion US dollars of foreign investment and 1.2 trillion US dollars of foreign direct investment, which has made great contributions to the development of the world economy. Since the outbreak of the international financial crisis, the contribution rate of China’s economic growth to world economic growth has been above 30% annually. These figures are among the best in the world.

  From these figures, we can see that the development of China is an opportunity for the world, and China is a beneficiary and a contributor of economic globalization. China’s rapid economic growth has provided a sustained and powerful impetus to global economic stability and growth. The coordinated development of China and a large number of countries has made the global economic development more balanced. China’s great achievements in poverty reduction have made global economic growth more inclusive. China’s continuous reform and opening up has provided an important impetus for the development of an open world economy.

  The people of China are well aware of the hardships of achieving national prosperity and strength. They all praise the development achievements made by the people of other countries and wish them all the best. They all hope that their lives will get better and better, and they will not commit "red eye disease" or complain that others have gained great opportunities and rich returns from the development of China. The people of China welcome people from all countries to take the "express train" and "free ride" developed by China with open arms.

  Ladies and gentlemen, friends!

  Many people are paying attention to the economic development trend of China. China’s economic development has entered a new normal, and major changes are taking place in economic growth rate, economic development mode, economic structure and economic development momentum. However, the long-term positive fundamentals of China’s economy have not changed.

  In 2016, against the background of weak world economy, China’s economy is expected to grow by 6.7%, still in the forefront of the world. Now, the size of China’s economy can’t be compared with the past, and the kinetic energy of agglomeration can’t be reached by the past double-digit growth. China residents’ consumption and service industry have become the main driving forces of economic growth. In the first three quarters of 2016, the added value of tertiary industry accounted for 52.8% of GDP, and the contribution rate of domestic consumption to economic growth reached 71%. Residents’ income and employment have achieved steady growth, energy consumption per unit of GDP has continued to decline, and green development has achieved initial results.

  At present, China’s economy is facing certain downward pressure and many difficulties, such as the contradiction between overcapacity and upgrading of demand structure, the lack of endogenous motivation for economic growth, the accumulation of financial risks and the increase of difficulties in some areas. We believe that these are inevitable stage phenomena in the process of progress, and we are making great efforts to solve these problems and contradictions, and have continuously achieved positive results. Our firm determination to move forward will not waver. China is still the largest developing country in the world. China has a population of more than 1.3 billion, and its people’s living standard is not high, but it also means great development potential and space. Under the guidance of the development concept of innovation, coordination, green, openness and sharing, we will constantly adapt to, grasp and lead the new normal of China’s economic development, and make overall plans to stabilize growth, promote reform, adjust structure, benefit people’s livelihood and prevent risks, so as to promote China’s economy to maintain medium and high-speed growth and move towards the middle and high-end level.

  — — China will focus on improving the quality and efficiency of economic growth, change the mode of economic development around the main line of supply-side structural reform, optimize the economic structure, actively promote de-capacity, de-inventory, de-leverage, reduce costs and make up shortcomings, foster new growth momentum, develop advanced manufacturing industries, realize the upgrading of the real economy, implement the "internet plus" action plan in depth, expand effective demand, better meet people’s personalized and diversified needs, and better protect the ecological environment.

  — — China will continue to stimulate growth momentum and market vitality, intensify reforms in important areas and key links, make the market play a decisive role in resource allocation, hold the "bull’s nose" of innovation, promote the development strategy of innovation-driven development, promote the development of strategic emerging industries, focus on upgrading traditional industries with new technologies and new formats, and promote the development and growth of new kinetic energy and the rejuvenation of traditional kinetic energy.

  — — China will actively create a relaxed and orderly investment environment, relax foreign investment access, build a high-standard free trade pilot zone, strengthen property rights protection, promote fair competition, and make the China market more transparent and standardized. It is estimated that in the next five years, China will import 8 trillion US dollars of goods and absorb 600 billion US dollars of foreign investment, with a total foreign investment of 750 billion US dollars and 700 million outbound tourists. This will provide countries around the world with a broader market, more capital, richer products and more valuable opportunities for cooperation. For the industrial and commercial circles of all countries, the development of China is still an opportunity for everyone. The door of China is always open to the world and will not be closed. With the door open, the world can enter China and China can go to the world. We hope that the doors of all countries will also be open to China investors fairly.

  — — China will vigorously build a common development pattern of opening to the outside world, promote the construction of the Asia-Pacific Free Trade Area and the negotiation of regional comprehensive economic partnership agreements, and build a global network of free trade areas. China has always advocated building an open, transparent, mutually beneficial and win-win regional free trade arrangement, rather than engaging in exclusive and fragmented circles. China has no intention to enhance its trade competitiveness through RMB depreciation, let alone take the initiative to wage currency wars.

  More than three years ago, I proposed the Belt and Road Initiative. Over the past three years, more than 100 countries and international organizations have actively responded to support, and more than 40 countries and international organizations have signed cooperation agreements with China. The "circle of friends" of the Belt and Road Initiative is constantly expanding. China enterprises have invested more than 50 billion dollars in countries along the route, and a series of major projects have blossomed, which has promoted the economic development of various countries and created a large number of employment opportunities. It can be said that the Belt and Road Initiative came from China, but its effectiveness has benefited the world.

  In May this year, China will host the "One Belt, One Road" international cooperation summit forum in Beijing to discuss cooperation plans, build a cooperation platform, share cooperation achievements, find solutions to the current problems facing the world and regional economies, inject new energy into the coordinated development, and make the "One Belt, One Road" construction better benefit people of all countries.

  Ladies and gentlemen, friends!

  The development of world history tells us that there has never been a smooth road to the progress of human civilization, and human beings are advancing in the struggle against difficulties. No matter how difficult it is, it is impossible to stop the pace of human progress. When you encounter difficulties, don’t blame yourself, don’t blame others, don’t give up confidence, don’t shirk your responsibilities, but overcome them together. History is made by brave people. Let’s show confidence, take action and move forward hand in hand towards the future!

  Thank you all.

It’s been more than five years, but it’s back!

2025 Spring Festival File

Four films have been booked.

Did you find the point?

"Nezha’s Devil Children Naughting the Sea" is scheduled for New Year’s Day.

Successfully entered the most "brutal" schedule of the year-Spring Festival.

And behind this high-profile sequel

Xiangcheng corporation

Suzhou hongjing movie and television cultural communication co., ltd

(hereinafter referred to as "Red Whale Film and Television")

Once again played a vital role.

★ Ge Yi, the person in charge of the enterprise

As the animation director of "Nezha’s Devil Children Making a Sea".

★ The enterprise undertakes the main production tasks.

The total duration is over 20 minutes.

According to the official website of the State Film Bureau, the story outline of "Nezha’s Devil Children Naughting the Sea" is as follows: After the natural disaster, although the souls of Nezha and Ao Bing were saved, their bodies will soon be out of their wits. Taiyi real person intends to reshape the flesh of the two with seven-color lotus. However, there are many difficulties in the process of remolding the flesh. Where will the fate of Nezha and Ao Bing go?

Ne Zha, which was released in 2019, was deeply loved by the audience with its unique painting style and profound theme. In the end, the box office exceeded 5 billion, making it the number one animated film in China film history. With the perfect presentation of Ne Zha, the audience’s expectations for "The Devil’s Child in Nezha" are full, which also requires the film to be continuously upgraded in production and bring more shocking experiences to the audience.

According to the production team of Red Whale Film and Television, compared with the 400 special effects shots that participated in the production of Ne Zha, the company undertook the main production task, involving all the production processes of art, animation and special effects, with a total duration of over 20 minutes, and wonderful animation chapters, which condensed the team’s countless hard work and creativity day and night.

Ge Yi, the head of Red Whale Film and Television, served as the animation director of "Nezha’s Devil Children Making a Sea". Under his leadership, the team kept polishing the production, striving to carve every picture and every movement to the extreme, and went all out to present the most shocking and moving universe to the audience.

"Anime movies should have an immersive experience. In the production process, more attention should be paid to the use of colors, scene transformation and depth of field, so the control of details is stricter, from the details of an object to the creation of a scene. It needs to be fine enough." According to Ge Yi, the whole project company invested a total of 160 producers, and it took about 26 months to complete the work goal.

Since Red Whale Film and Television settled in Suzhou Xiangcheng High-speed Railway Xincheng Film and Television Animation Industrial Park in March 2017, it has made its mark in the field of film and television and game animation with its outstanding strength. Its creative team has successively created many explosive movies such as Ne Zha and Legend of Deification, and also carefully produced CG for large-scale games such as Yin and Yang Master, After Tomorrow and League of Legends, leaving high-quality word-of-mouth works for audiences in different fields.

"Nezha’s Devil Children Make a Sea"

File the first day of the lunar new year.

Looking forward to the "Nezha" box office.

Leading all the way and reaching new heights.

Remember to bring your family and friends.

Call for Nezha together!

Extended reading:

Ne Zha, the former film, was written and directed by jiaozi (formerly known as Yu Yang) and was released in Chinese mainland on July 26th, 2019. The story background of the film comes from the story of Nezha in the fairy tale "The Romance of the Gods", and based on this, it is adapted to portray Nezha as a "magic boy" in troubled times who has come into the world by mistake. The film tells a fantastic story about this character, although he was born as a magic, but he went against the sky.

After the release of Ne Zha, it caused a great response, and the box office word-of-mouth double harvest. Not only did it win the Golden Dragon Award, the Hundred Flowers Award Award and the Golden Rooster Award in China, but the box office finally exceeded 5 billion, making it the first animated film in China film history. Red Whale Film and Television actively participated in the production of the film. About 400 of the 1,800 realistic and delicate shots in the whole film came from enterprises, and most of them were time-consuming and difficult special effects shots, which contributed an important force to this phenomenal film.

Welcome to pay attention to the video number of Xiangcheng today.

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Produced by Xiangcheng Rong Media Center

Original title: "More than 5 years, it can be counted back! 》

Read the original text