The price reduction of Xingrui in Shanghai is coming! The lowest price is 101,700, and the car is sufficient.

[car home Shanghai Preferential Promotion Channel] Recently, we learned that the preferential activities in Shanghai are in full swing, and the highest preferential rate has reached 10,000 yuan. At present, the minimum starting price of Xingrui has dropped to 101,700 yuan. Friends who want to buy a car can seize the time and click "Check the car price" in the quotation form to strive for higher discounts.

上海地区星瑞降价来袭!最低售价10.17万,现车充足

Xingrui’s exterior design adopts streamlined body lines and sporty wheel design, and the overall style is modern and full of vitality. The front face adopts a family-style straight waterfall air intake grille, which is connected with sharp headlights on both sides, creating a strong visual impact. The rear of the car is equipped with dynamic LED taillights and exhaust layout with two sides, which further enhances the sporty atmosphere of the whole car.

上海地区星瑞降价来袭!最低售价10.17万,现车充足

With a body size of 4785*1869*1469 mm and a wheelbase of 2800 mm, Xingrui has smooth side lines and spacious interior space. The front and rear wheel tracks are 1618 mm, and the front and rear wheels are equipped with 225/45 R18 tires, which show a fashionable and dynamic appearance with the sporty rim design.

上海地区星瑞降价来袭!最低售价10.17万,现车充足

Xingrui’s interior style is mainly simple and atmospheric, focusing on the combination of science and technology and comfort. The center console uses a 14.6-inch touch screen with built-in multimedia system, navigation, telephone, air conditioner, skylight and other functions, which can be operated by voice recognition control system, allowing drivers to control various functions more conveniently during driving. The steering wheel is made of leather, which feels comfortable and supports manual adjustment up and down, and is suitable for drivers of different heights. The seat is made of leather and suede, with various adjustment functions. The main driver’s seat is equipped with seat memory function, and the rear seat supports proportional tilting, which improves the riding comfort and space utilization. The front seats also have heating and ventilation functions, as well as headrest speakers to provide drivers with a better driving experience.

上海地区星瑞降价来袭!最低售价10.17万,现车充足

Xingrui is equipped with a 2.0T turbocharged engine with a maximum power of 175kW and a maximum torque of 350 N m.. The perfect combination of this four-cylinder engine and the 8-speed automatic manual transmission provides the vehicle with strong power output and smooth shifting experience.

The owner of car home said that the front face and waistline of Xingrui are designed online, the sharp headlights are unforgettable, and with the high-grade car paint, the whole car body exudes a unique oriental beauty, which is noticeable when driving on the road, and this temperament is hard to ignore.

"Racing Story 3: Extreme Challenge" Exposes Huang Lei LAY’s Chinese dubbing.

"Car Story 3" with poster sound

1905 movie network news On July 18 th, produced by Pixar Animation Studio, Disney Pictures will land in China Cinema on August 25 (Friday), and recently exposed the Chinese dubbing lineup: Huang Lei, who performed lightning McQueen perfectly in the first two films, returned heavily and continued to write the legend of the car god again; In this episode, McQueen’s biggest rival, Black Storm Jackson, a cool-looking and fast-paced science and technology rookie, is sung by LAY, a very popular all-around idol. The two men’s "mentoring" opponents are full of expectations.

 

The series is as famous as the series, and it is one of the most famous and popular cartoon series in Pixar Animation Studio. Racing Story 3: Speed Challenge is a masterpiece of the series of Racing Story that has returned to the audience’s field of vision after six years of violation. It tells that in the car world with sudden changes, new cars come forth in large numbers, which makes the legendary superstar Lightning McQueen suddenly cold and even out. In order to get back to the top, McQueen must go to last stand.

 

McQueen, the protagonist in the first two films of Racing Story, was voiced by Huang Lei, a famous actor, director, producer and singer. His vivid interpretation left a deep impression on the audience. In the brand-new "Racing Story 3: Speed Challenge", Huang Lei once again voiced No.95 McQueen. This time, McQueen began to panic after a new generation of racing cars joined the race, and even suffered a serious car accident, which was almost as serious as the accident that ended Dr. Blue Sky’s racing career. But McQueen didn’t want to retire like his mentor, but rallied and set off again. With his rich performance experience, Huang Lei interprets McQueen’s emotional changes just right, and his profound lines and professionalism are admirable. Huang Lei himself was happy to dub McQueen for the third time. He said: When dubbing McQueen for the first time, his daughter Duo Duo was just born, which was also a gift for her. Eleven years later, McQueen and I have entered another stage of our lives and gained more understanding of life.

 

LAY, the popular "Little Sheep", has not only made impressive achievements in the field of music in recent years, but also emerged on the film and television stage, becoming a symbolic representative of "all-round artist". Disney Pictures values LAY’s self-confidence, fashion and enterprising spirit, which is quite similar to the amazing performance of Black Storm Jackson in the film, and invites him to join us. LAY himself loves Pixar animation, and is also a fan of "Car Story" series, so he is full of passion for this cooperation. Black Storm Jackson is a fast and cool model, born for the champion, and is the leader in a new generation of racing cars. He is very confident, and his complacent attitude is annoying, but his unparalleled speed will almost rewrite the whole racing history, and he has become McQueen’s biggest competitor. LAY successfully performed this formidable enemy of McQueen through his confident performance.

 

Although Huang Lei and LAY are sharp-edged rivals in the play, in reality, they have developed a real mentoring relationship from the famous reality show. It is precisely because of this contrast between drama and reality that the dubbing of the two men’s "master and apprentice against each other" is very exciting."Racing Story 3: Speed Challenge" will be released in national cinemas on August 25th, 2017.

The average daily travel volume during the Qingming holiday increased by 80% from the previous month, and the country ushered in return passenger flow.

  CCTV News:April 6 is the last day of the Qingming holiday, and the whole country welcomes the return passenger flow. The reporter learned from the Ministry of Transport that on April 5, it is estimated that the cross-regional flow of people in the whole society will exceed 224 million. Among them, the railway passenger traffic is expected to be 12.65 million, the highway passenger flow is expected to be 209 million, the waterway passenger traffic is expected to be 1 million, and the civil aviation passenger traffic is expected to be 1.62 million.

  Here, I would also like to remind everyone that the free time of national highway passenger cars will end at 24: 00 on April 6, and the toll-free time will be based on the time when the vehicles leave the toll lane at the exit of the expressway.

  The average daily travel volume during the Qingming holiday increased by 80% from the previous month.

  During the Qingming holiday this year, people’s demand for travel is strong. According to the analysis of China Mobile Wutong Big Data on the cross-city crowd flow trend, the overall travel scale began to show an upward trend from two days before the Qingming holiday, and the average daily travel volume during the holiday increased by 86% compared with the week before the holiday.

  Among the travelers, people who travel abroad account for the highest proportion, reaching 53%. The number of tourists during the Qingming holiday nearly doubled compared with the daily average of the week before the holiday. In addition, about 15% of the travellers are returning home.

The ambulance service is controversial again. Who is responsible for "moving patients"?

  BEIJING, Beijing, July 14 (Lv Chunrong) A few days ago, a news that "Beijing emergency personnel refused to lift elderly patients" caused public concern. In fact, in recent years, there have been frequent disputes about pre-hospital emergency services, such as unreasonable ambulance charges and who should carry patients. So, do emergency personnel have the obligation to help patients carry stretchers? What are the job functions of the ambulance? What behaviors of ambulances are illegal?

  The emergency personnel refused to lift the 81-year-old patient and said that he could not lift it? 120 response: I did not refuse to lift it.

  On July 13, some media reported that Ms. Cao in Beijing reported that her father had a sudden cerebral thrombosis in the early morning of July 9, and 120 emergency doctors asked her family members to find someone to carry the patient downstairs. It takes family members about 20 minutes to find neighbors to help. The family said that after being sent to the hospital, the doctor said that the patient missed the best rescue time. The family members questioned that the emergency personnel asked them to find someone to help lift the patient, which delayed the rescue time and caused harm to the patient.

  Regarding the specific process of the incident, Ms. Ding, the mother of Ms. Cao, said in an interview with the media that at about 5 am on the 9 th, the 81-year-old wife suddenly had symptoms such as crooked mouth, unclear speech and stiff legs and feet. "He had cerebral thrombosis in 2013. I suspected that it was a recurrence of the old disease, so I dialed 120."

  Ms. Ding said that about 20 minutes later, two medical staff came home to check and measure their blood pressure for their wives. The medical staff asked them to find someone to carry the patient downstairs. "They said they couldn’t lift it."

  This matter caused public concern after being reported by the media. Then, did the 120 emergency personnel violate the rules at that time?

  A person in charge of the propaganda department of Beijing 120 Emergency Center surnamed Zhao told the reporter of Zhongxin.com that after verification, first of all, their staff did not refuse to lift, and both doctors and stretcher bearers finally lifted the patient. Furthermore, because the patient was older and lived on an old-fashioned floor, where there were no elevators and many corners, for the safety of the patient, at that time, the staff hoped to find some people to help the old man during the transshipment.

  "Our doctor and stretcher bearer are two men, both of whom have gone to carry patients, and the other female nurse has to take a diagnosis box and an oxygen bottle." The person in charge said, "It’s not that nurses can’t lift it. It’s really because the old man is too old and afraid of danger in the process of lifting the stretcher, so I hope to find more people to help."

  Are emergency personnel obliged to carry stretchers? 120 Response: The relevant regulations are not clear.

  In the eyes of many people, it is the duty of emergency personnel to carry patients, and it should be the obligation of emergency personnel, because this service should be included in the final expenses paid by family members.

  In this regard, the above-mentioned person in charge told reporters that in the relevant regulations, doctors have no obligation to carry stretchers, but as a doctor or an ordinary person, it is a matter of course to give a hand and help others when they need it.

  "The main duty of emergency personnel is to be a doctor, that is, to treat and transport patients." The person in charge said that all emergency personnel have doctor qualification certificates, and some are deputy chief physicians. Like doctors in hospitals, their main duties are to rescue patients on the spot and make a preliminary judgment on their condition. In the process of transshipment, they are carefully monitored and safely sent to the hospital. The stretcher bearers are mainly responsible for carrying the stretcher, but in fact, not every car is equipped with relevant personnel.

  According to statistics, at present, there are 580 ambulances in 120 and 999 pre-hospital institutions in Beijing. The person in charge explained that they are not unwilling to deploy stretcher bearers in each car, but it is not easy to deploy stretcher bearers in all ambulances at present because of the treatment of personnel, the legal system and the relevant regulatory requirements for stretcher bearers themselves.

  Beijing plans to legislate to carry services or provide them by pre-hospital emergency agencies.

  In fact, there has been a long-standing dispute about who should bear the "lifting service" in first aid. Last November, the "China Southern Emergency Incident" triggered a strong discussion on this issue. At that time, a passenger reported that he suddenly fell ill on a flight of China Southern Airlines, but the crew of Beijing Capital and the ambulance personnel at the airport passed the buck on who would carry the stretcher.

  In response to the controversy, in May this year, the 27th meeting of the Standing Committee of the 14th Beijing Municipal People’s Congress deliberated the draft of the Regulations on Pre-hospital Medical Emergency Services in Beijing for the fourth time, and revised the third draft of the deliberated draft to stipulate the norms and standards of first aid.

  According to the provisions of the draft, pre-hospital medical emergency institutions should provide lifting services for urgent and critical patients in need. If the patient needs the lifting service, he can ask for it when he calls. Each pre-hospital ambulance shall be equipped with 1 doctor and 1 driver, and 2 emergency personnel such as nurses, medical ambulance personnel or stretcher bearers as required.

  For pre-hospital medical emergency institutions that are not equipped with emergency personnel in accordance with the regulations, the third draft of the revised draft clearly stipulates that the Beijing or district health and family planning administrative department shall order it to make corrections and may impose a fine of less than 5,000 yuan; Causing serious consequences, the relevant persons directly responsible shall be punished according to law.

  What other controversial topics are there about ambulances?

  In addition to frequent disputes over who will bear the lifting service, the question of whether ambulance charges are reasonable has also attracted much public attention. In this regard, the above draft also stipulates that pre-hospital ambulances should be equipped with a meter, and a price notice should be posted in an obvious position, indicating the name, standard and price reporting telephone number of the charging item.

  Since May 1st this year, the Notice on Printing and Distributing the Price of Pre-hospital Emergency Care Projects in Beijing has been officially implemented, which regulates the current price policy related to ambulance use and unifies the "ambulance use fee".

  According to the notice, the ambulance on-board visit fee in Beijing is standardized as pre-hospital emergency rescue fee, and the price remains the same every time in 40 yuan. The pricing method of ambulance use fee is changed from "pricing the whole round trip of vehicles" to "pricing according to the actual passenger mileage". The pricing mileage shall be subject to the meter, and there shall be no charge for ambulance vehicles without the meter.

  The specific price standard is: within 3 kilometers (inclusive) in 50 yuan, over 3 kilometers per kilometer in 7 yuan, and less than 1 kilometer is calculated as 1 kilometer. The mileage is calculated according to the actual mileage from the patient to the destination, and no charge is allowed without the meter. This also means that within 3 kilometers, the cost of ambulances in Beijing is only 90 yuan, not more than 100 yuan.

  In addition, refitting and borrowing ambulances is another focus of public opinion in recent years.

  In this regard, as early as 2013, the "Measures for the Administration of Ambulances in Beijing", which came into effect on February 1 of that year, made it clear that medical and health institutions in this city must use ambulances in accordance with the relevant regulations of the state and this city, and may not modify, lend, borrow, resell, transfer, allocate ambulances or use them for other purposes, and may not use ambulances with cancelled institutions or ambulances with non-local licenses to engage in medical services in this city.

The epidemic can’t make these movies fall!

In 2020,epidemicMake the global film industry almost desperate.

The global box office was only $13 billion, down nearly from $42.9 billion in 2019.70%.

However, in such an unfavorable environment, filmmakers have not given up, and there are still films that continue to be produced.

Like European movies, in early 2020, it cost a lot of money to build.[Leo Landau] project.

14 movies and 3 TV seriesIts huge volume is unique in the history of movies.

[Leo Landau] With the pioneering nature of the film, we broke through the blockade of the epidemic on art and explored the "frontier" of the film further.

On the other side of the ocean in Japan,[Ghost Blade Theater Edition Infinite Train], to break the historical box office record, telling the tenacity and stubbornness of filmmakers and movies..

In the case that many cinemas in Japan are closed.

Three days after its release, it broke 15 records in Japanese film history.

On December 26th, it surpassed Spirited Away to the top.Japanese film history box office champion.

Whether it is European movies or Japanese and Korean works, there are always some movies shining in the bleak 2020.

Top ten European films

Let a hundred flowers blossom is synonymous with European films in 2020.

Not only,France, Germany, DenmarkSuch "regular customers" are among them.

Romania, Portugal, GeorgiaSuch a small film country also made many excellent films last year.

European films in 2020 are still pluralistic, humanistic and artistic.

10

[Words and deeds]

Les choses qu’on dit, les choses qu’on fait

Director: Emmanuel Mouret

Screenwriter: Emmanuel Mouret

Starring: Camélia Jordana/niels schneider

Genre: drama/comedy/love

Language: French

Length: 122 minutes

From the audio-visual language, the film is far from the author.

However, the directorEmmanuel MouretThe creativity of the script is bursting.

Two men and women, who are like emotional trash cans, live a life of sexual happiness but bitterness.

They enjoy the physical stimulation of extramarital affairs, but also suffer from the true love of extramarital affairs.

This is the case with the people around you.

Murray’s use of the plot is full of surprises and no exaggeration.

One role at a time, completely building a whole."spiritual man"The emotional world.

At the same time, the subject of the story can still form a closed loop, which reflects the advanced nature of creation.

09

[Miracle Zegna]

Śniegu już nigdy nie będzie

Director: malgorzata szumowska

Screenwriter: malgorzata szumowska

Starring: Alec Utgoff/weronika rosati

Genre: drama/comedy

Language: Polish

Length: 113 minutes

Director Berlin Silver BearagateGorzata SchmovzkaOnce again, it brings a realistic film mixed with "fantasy" colors.

The rapid development of contemporary Polish society has created a false "spiritual prosperity" for the middle class.

Their emptiness was filled by Zegna, a masseur with "super" hands.

The audience, like customers in Zegna, was fascinated by the director and cameraman’s delicate lens.

Immersed in a warm and strange atmosphere all the time.

08

[Gagarin]

Gagarine

Directed by Fanny Leatard/Jeremy Trouilh

Screenwriter: Benjamin Chabit/Fanny Leatard/Jeremy Trouilh.

Starring: Eiseni Besley/Lena Coudrie

Type: plot

Language: French

Length: 95 minutes

Gagarin is a space hero that Yuri yearns for, and Gagarin is also a residential community that Yuri can’t give up.

What is witnessed inside and outside the community is the helplessness of the bottom immigrants.

Inside and outside Yuri’s mind is a persistent portrayal of her dreams.

When the community to be demolished becomes Yuri’s ideal space station, both pain and joy become dreamlike.

directorFanny LeatardandJeremy TrouilhExtend the short film of the same name into a debut feature film.

At the same time, it keeps the base of the story, and at the same time, it extends a rich author’s expression.

Dreams and reality become a strong contrast.

07

[Start]

დასაწყისი

Director: Dia Cullen Begashvili

Screenwriter: Dia Cullen Begashvili /Rati Oneli

Starring: Kaka Kinzulashvili/Lati O ‘Nelly

Type: plot

Language: Georgian

Length: 120 minutes

Yana, the actress, married David, the leader of the Georgian minority Sect Yezheng.

And such a family life of three is almost equivalent to the ubiquitous mental imprisonment and serious female survival dilemma.

directorDia Cullen BegashviliUse restrained images.

It records the absolute suffocation behind the dullness, and the speculative energy hidden under the text is amazing.

It’s hard for you to imagine that this is a feature film debut, and it’s even harder to digest that this story is adapted from a real person. 

06

[alcohol program]

Druk

Director: thomas vinterberg

Screenwriter: thomas vinterberg/Tobias Lindholm

Starring: mads mikkelsen/Thomas Bo Larsen

Genre: drama/comedy

Language: Danish/Swedish

Length: 117 minutes

Uncle Mai once again impressed the audience with his performance.

The uncle who passed middle age lost his passion for life, and alcohol gave him a new life.

Uncle Maizi vividly interprets the power of bottoming out.

The dance at the end spread the personal charm off the screen.

directorThomas VinterbergI don’t want to praise alcohol, nor is it an advertisement for abstinence.

But to seriously discuss the role of alcohol in a joking way.

First, the hand-held lens is used to sway with drunkenness, coupled with Tchaikovsky’s music, so that the audience can enter a state of drunkenness.

Then, through literary narration, let alcohol transcend its own functions.

Turned into an anesthetic, truth serum.

As a sharp knife to tear open a false society, it is also a pusher to discover a better life.

05

[Persian class]

Persischstunden

Director: vadim perelman

Screenwriter: Wolfgang Kohlhaase /Ilja Zofin

Starring: Nahuel Pérez Biscayart/Lars Eidinger

Type: plot

Language: German/French/Farsi/English/Italian

Length: 127 minutes

[Persian class]Showed us the cruelty of war in an extremely absurd way.

In the concentration camp, in order to save his life, he lied that he was from Persia, and was asked by German officers to teach himself Persian.

A small volume that doesn’t know Persian at all can only create a language out of thin air.

The root of this language comes from the names of 2840 Jewish dead.

The director extends the meaning of language by means of movies.

Language carries an indelible will.

The self-made "Persian" will record this history that is trying to be erased forever.

Behind every word "Persia" is the silent cry of countless murdered Jews.

"Persian", which belongs to only two people, hides the cruel war between two nations.

04

[Bird Metamorphosis]

A morfose dos pássaros

Director: Catarina Vasconcellos

Screenwriter: Catarina Vasconcellos

Starring: Manuel Rosa/João Móra

Genre: drama/documentary/biography

Language: Portuguese

Length: 100 minutes

[Bird Metamorphosis]Trying to show the audience the infinite possibilities of images.

The oil painting texture presented by the film is collaged into an image prose poem.

Family members narrate their family history with highly literary monologues, but they get caught up in the whirlpool of memories when they are not careful.

It is a beautiful and quiet family record, and the memory revealed is clean and clear.

Things have become the carrier of these memories.

The sea symbolizing father and the forest symbolizing mother seem to have a gap forever.

At the end, the tree was taken into the sea, and the two finally reunited in memory.

03

[Undine]

Undine

Director: christian petzold

Screenwriter: christian petzold

Starring: Paule bell/Franz Rogowski

Type: Plot/Love

Language: German

Length: 90 minutes

[Undine]Hook up the historical imprint of the city in a mythical way.

The film seems to be about water sprite.UndineLove story.

In fact, it is in the mouth of love myth, telling the historical entanglement of Berlin.

Berlin, which has experienced a long division and miraculously recovered, has stopped on the road of progress.

The only solution is to cut off the past, just as Undine killed the old love.

The director projected his hopes for Berlin into the film without reservation, and onto Undine.

02

[collective]

Colectiv

Directed by Alexander Nanau.

Screenwriter: Alexander Nanau /Antoaneta Opris

Starring: Razvan Lutac/Mirela Neag

Type: documentary

Language: Romanian/English

Length: 109 minutes

[collective]Discusses the new form of shooting documentary.

adoptDetective genre filmThe way.

Compact narrative rhythm, advancing layer by layer, reeling.

It creates a rare sense of tension for the audience all the time.

A fire in a bar exposed Romania’s corrupt medical system naked to the people.

Before and after, we used two perspectives: investigative reporters and health ministers.

Analyze the national system from the perspectives of media and government.

But I came to the conclusion"This country will never get back to normal in 30 years."Desperate conclusion.

01

[Leo Landau: Natasha]

DAU. Natasha

Director: Ekaterina Attl/Ilya Herza Novski

Screenwriter: Ilya Herza Novski/Koralanau-Drobantseva

Starring: Natalia Berezhnaya

Type: plot

Language: Russian/Ukrainian/English

Length: 137 minutes /145 minutes (Berlin Film Festival)

[Leo Landau] It is not so much a movie as a powerful anthropological experiment.

Movies are just a way to record this grand project.

It is no exaggeration to say that it is the most ambitious work in the 21st century.

In this Soviet-style utopia, the director became Stalin.

Holding a camera that symbolizes power.

Tear off the last disguise of the participants at will and expose them under the camera without any cover.

No matter how different its evaluation is, it will undoubtedly be a highlight in the history of film.

Top ten movies in Japan and South Korea

In 2020 Japanese and Korean movies, except[Ghost Blade Theater Edition Infinite Train]This kind of phenomenal movie. There is no lack of[Yukiko’s Balance]Such a masterpiece of virginity.

Sion Sono, Sang-soo Hong.Such a great director also contributed a good new work.

I can’t help but imagine that this year’s Japanese and Korean movies are still "men of courage"!

10

[Your eyes are asking]

きみのがぃかけてぃる

Director: Takahiro Miki

Screenwriter: Denmi Yuji

Starring: Yoshitaka Yuriko/Yokohama ryusei

Type: love

Language: Japanese

This film is a positive example in the remake.

Keep the original Korean version[Only you]The backbone at the same time.

Greatly adjusted the age of the man-Yokohama ryuseicompareJi-seob SoTen years younger.

This move makes the story line of the male owner sad and has more pain.

Let his choice, more than a refuse and tear.

It is supplemented by the Japanese simplification of this type and the excellent sparks from Yokohama ryusei and Yoshitaka Yuriko.

Even if this love is so bloody, it makes people want to stop.

09

[Is there a baby crying around? ]

Cry, cry, cry, cry, cry.

Director: Sato Kuaimo

Screenwriter: Sato Kuaimo

Starring: Taiga Nakano/Riho Yoshioka

Type: plot

Language: Japanese

Length: 108 minutes

The sneakiness at the beginning and the explosion at the end form a powerful bite.

Japanese traditional culture"living and stripping ghosts"It is a thoroughfare for the narrative of this film.

The series shows that men are suffering in the family and social environment.

And the way to solve it will eventually return to life and death.

directorSato quick grindingThe control of narrative rhythm is impressive.

It has a mysterious sense of audio-visual language that is rare for contemporary Japanese directors.

08

[Ghost Blade Theater Edition Infinite Train]

Theater version of Ghost Extinction Blade Infinite Train Compilation

Director: Haruo Waizaki

Screenwriter: Ufotable/ I call the world clear

Starring: Natsuki Hanae/Kito Akari

Type: animation

Language: Japanese

Length: 117 minutes

The story of "Infinite Train" was chosen as the theatrical version, which was really wonderful.

First of all, the story is relatively independent and very friendly to non-comic/animated audiences.

Secondly, Yan Zhu purgatory Xing Shoulang, in this plot, became the first column to be introduced in all directions.

Once again, the climax of the film isYan Zhu xing shou lang VS the third seat of the first chordStrong confrontation.

Fight, fight, tear, tear.

cover withUfotableStrong animation production level, won the first box office in Japan, well deserved.

07

[spy’s wife]

My wife.

Director: Kiyoshi Kurosawa

Screenwriter: Ryūsuke Hamaguchi/Nohara/Kiyoshi Kurosawa

Starring: Yuu Aoi/Issei Takahashi/Bandong Longtai

Type: Plot/History/War

Language: Japanese

Length: 115 minutes

[spy’s wife]It’s an anti-war movie with high ideas.

Through a Japanese couple who are world humanitarian defenders.

The story of risking his life to send the evil evidence of the biochemical test conducted by Japanese 731 troops in Manchuria to the United States and make it public.

Reflecting on this aggression from the perspective of Japanese nationals has raised the war between the two countries to the universal level of defending justice for all mankind.

The lens with a strong sense of stage and the tone like classical oil painting create a bright and lively atmosphere.

Yuu Aoi’s face is always filled with a bright and innocent smile, and the couple’s "spy" action is also full of game-like unreal sense of adventure.

It casts a soft light filter on the bloody and sinful reality behind it.

Telling cruel things in beautiful language is full of compassion in writing sad scenes with happy scenes.

There are no countries in front of the smoke, only greedy careerists and innocent victims.

As Issei Takahashi said in the film:"I’m not a spy. Spies work for others. I’m just following my heart."

06

[Red mailbox on escher Street]

ェッシャーりのぃポスト 

Director: Sion Sono

Screenwriter: Sion Sono

Starring: Mo Ailuo/Tomoko Fujita/Mitsuru Fukikoshi

Genre: drama/comedy

Language: Japanese

Length: 146 minutes

Sion SonoUse this film to announce the resistance to the film.

Fragmented narrative and fragmented editing.

Aim the camera at the group performance that only exists in virtual focus in the movie.

Sion Sono declared that the protagonist was dead with madness and absurdity, which belongs to everyone.

At the end of the movie, when they took to the streets shouting.

It is the liberation of the film, but also the reorganization of the film fragments.

05

[Yukiko’s Balance]

Yukiko Libra

Director: Junjiro Haramoto

Screenwriter: Junjiro Haramoto

Starring: Takauchi Gongmei/Ken Mitsuishi/Hehe Youshi

Type: plot

Language: Japanese

Length: 153 minutes

[Yukiko’s Balance]It is a questioning of the initial heart of the documentary.

In the face of the social events photographed, how to balance the contradictions and complexity in the events?

Yuuko is a documentary director in the film.

She is determined to restore the whole story of a campus bullying incident from the perspective of not taking sides.

However, with the deepening of the investigation, the balance in Yuuko’s heart is constantly collapsing.

The director used restrained shooting techniques to let the audience think calmly in Yuuko’s predicament.

As a director’s debut, his creative talent is amazing.

04

[Ministers of Nanshan]

남산의 부장들

Director: Min-ho Woo

Screenwriter: Min-ho Woo/Li Zhimin

Starring: Lee Byunghun/Li Xingmin/Kwak Do won

Genre: plot/thriller/history

Language: Korean

Length: 114 minutes

[Ministers of Nanshan]Showed us the strength of the Korean film industry.

This is a thrilling political thriller, focusing on the murder of President park chung-hee in 1979.

Typed scheduling and editing firmly fixed the audience’s eyes on the screen.

The soundtrack and lighting create a dangerous film atmosphere, which keeps the audience’s mood high all the time.

Lee Byunghun’s steady and ruthless performance style makes people astonish, and the handling of action details highlights his acting skills.

Slipping in a pool of blood at the end is the finishing touch.

[Ministers of Nanshan] showed the end of a dark age, but did not usher in light.

03

[Fukuoka]

후쿠오카

Director: Lv Zhang

Screenwriter: Lv Zhang

Starring: Jae-mun Yun/Kwon Hae hyo/Su-dam Park

Type: plot

Language: Korean/Japanese/Mandarin Chinese

Length: 86 minutes

This is a Korean film made by a China director in Japan, which also brings a different world to this film.

The film blurs the boundaries of time and space, and also blurs the boundaries of language.

Created a utopian vision of world harmony.

Two middle-aged men have not seen each other for 28 years because of love.

The appearance of a girl reconciled the two.

Such fairy-tale persistence is rare in reality.

With the ghostly lens scheduling in the film, and a lot of daily life shooting.

It gives people an unrealistic sense of reality, which is the director’s powerful place.

Fukuoka interweaves reality and fantasy, and also carries the director’s dream.

02

[seaside cinema]

Hai GUI ying picture gallery

Director: Nobuhiko Obayashi

Screenwriter: Nobuhiko Obayashi

Starring: Taro Atsugi/Takato Hosoyamada/Hosoda Yoshihiko/Yoshida Ling

Type: Plot/Love/Science Fiction/War

Language: Japanese

Length: 179 minutes

[seaside cinema] attempts to use the time of a movie to write the modern history of Japan.

Taking the history of movies as the shape and the history of war as the meaning, love is the pen that writes history.

The creation towards the audience really broke the fourth wall.

Pull the audience into the movie and put the audience in the torrent of history.

This is Nobuhiko Obayashi’s posthumous work, more like the last elegy that Nobuhiko Obayashi left for the film.

The film recorded the last screening of a seaside cinema.

Nobuhiko Obayashi also used this movie to say goodbye to us.

01

[runaway woman]

도망친 여자

Director: Sang-soo Hong

Screenwriter: Sang-soo Hong

Starring: Jin Minxi/Young-hwa Seo/Seon-mi Song/Li Enmei

Type: plot

Language: Korean

Length: 77 minutes

[runaway woman]beSang-soo HongA new breakthrough.

Accustomed to discussing the relationship between men and women, he is completely oriented towards women this time.

He tried to analyze female psychology from a female perspective and spatial structure.

The room, the monitor and the space represented by the cinema all correspond to the film respectively.Min-hee KimIn my heart.

These spaces exclude men without exception.

The film depicts an escaped woman.

More precisely, it depicts the heart of a woman who runs away from men.

I hope you can meet more good movies in 2021.

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The Tenth Five-Year Plan for Bio-economic Development was released | Focus on the higher-level needs in the fields of medicine, food, beauty and safety.

       CCTV News:Today (May 10th), the National Development and Reform Commission released the first five-year plan of bio-economy in China, "The Development Plan of Bio-economy in the 14th Five-Year Plan", which clearly defined what bio-economy is and its development goals and tasks.

       According to reports, bio-economy is an economic form with the development and progress of life science and biotechnology as the driving force, the protection, development and utilization of biological resources as the basis, and the extensive and in-depth integration of industries such as medicine, health, agriculture, forestry, energy and environmental protection.

       Wang Xiang, Deputy Director of High-tech Department of National Development and Reform Commission:Focusing on the higher-level needs of the people in the fields of "medicine", "food", "beauty" and "safety", it is proposed to develop four key development areas, namely, biomedicine, bio-agriculture, biomass substitution and bio-safety, as well as seven major projects, such as improving innovation ability, benefiting the people with biomedical technology, upgrading modern seed industry, demonstrating bio-energy and environmental protection industry, integrating and applying biotechnology and information technology, preserving and developing bio-resources, and building a bio-economic pilot zone.

       During the "Fourteenth Five-Year Plan" period, China will develop bio-economy from five aspects: vigorously consolidating the foundation of bio-economic innovation and cultivating and expanding the pillar industries of bio-economy. By 2025, China’s total bio-economic scale will reach a new level, and the number of enterprises with annual operating income of more than 10 billion yuan will increase significantly. At the same time, biotechnology and bio-industry benefit people’s health, food security, energy security, rural revitalization and green development more widely. In addition, it is necessary to basically build a biosafety risk prevention and control and governance system.

Bio-economy involves a wide range and covers many industrial fields. In order to highlight the key points, the Plan deploys the pillar industries of bio-economy to be cultivated from four aspects: biomedicine, bio-breeding, bio-energy and bio-information.

These four aspects are as follows: firstly, we should accelerate the empowerment of health industry by biotechnology. Promote the deep integration of advanced technologies such as genetic testing and biological inheritance with disease prevention, and improve the clinical medical level. Secondly, we should speed up biological breeding technology to empower bio-agricultural industry. We will develop biological breeding technologies such as gene editing in an orderly manner, improve the production capacity and quality of important agricultural products such as grain, and improve agricultural production efficiency. In accelerating bio-manufacturing technology to empower bio-energy and bio-environmental protection industries, we should develop high-performance bio-environmental protection materials and biological agents to promote the transformation of fossil energy into green and low-carbon renewable energy. At the same time, we must accelerate the information technology to empower the bio-information industry.

       Wang Xiang, Deputy Director of High-tech Department of National Development and Reform Commission:Relying on artificial intelligence technology, biomedicine and health big data resources, develop intelligent decision-making cognitive models and algorithms to assist personalized new drug research and development; Use cutting-edge technologies such as 5G, blockchain and Internet of Things to realize the life cycle management of drugs and vaccines from production to use; Deepen the application of health big data in medical research, education and training, clinical diagnosis and treatment, product research and development, industry governance, and medical insurance payment.

The "Tenth Five-Year Plan" for the development of bio-economy puts forward that "persisting in innovation drive" should be the first of the five principles for the development of bio-economy in the "Tenth Five-Year Plan", and the innovation ability of bio-economy should be promoted from four aspects.

The Plan adheres to the problem orientation and promotes the bio-economic innovation ability from four aspects. First, speed up the improvement of biotechnology innovation ability. Focus on key areas to implement major national science and technology projects and key R&D plans, deploy leading major national science and technology infrastructure in advance, and build a national strategic scientific and technological force in the biological field. The second is to cultivate innovative subjects with strong competitiveness. Strengthen the main body of enterprise innovation, give play to the leading and supporting role of leading enterprises, cultivate individual champions in subdivided fields, and support leading enterprises to take the lead in setting up innovation consortia.

Wang Xiang, Deputy Director of High-tech Department of National Development and Reform Commission:We will strengthen new innovative forces, support the establishment of production-use consortia, accelerate the construction of research hospitals, clinical medical research centers and translational medical research centers, and encourage the construction of industry research institutes and innovation and development alliances.

       The third is to optimize the regional layout of innovation and development. Guide innovative resources to gather in key areas, implement special promotion actions for key industries, and try reform measures first to create a bio-economic innovation pole and a bio-industry innovation highland. Promote the development of the national bio-industrial base in the direction of high-end, internationalization and platform. The fourth is to deepen cooperation in bio-economic innovation. Encourage domestic scientific research institutions to initiate and participate in international science projects, encourage enterprises to accelerate their integration into the international market, and promote key products to go abroad.

The relevant person in charge of the Ministry of Industry and Information Technology said that as an important part of bio-economy, biomedical industry is not only a strategic emerging industry related to the national economy, people’s livelihood and national security, but also an important foundation for building a healthy China. China will promote the high-quality development of biomedical industry by accelerating the development of cutting-edge technologies and strengthening key technologies.

In accelerating the development of cutting-edge technology, we should encourage the deep integration of Industry-University-Research doctors and promote the research and development and industrialization of a number of new drugs and new medical devices.

In strengthening core technology research, we will further develop and apply advanced manufacturing technologies and equipment, enhance key core competitiveness, improve total factor production efficiency, and continuously strengthen the advantages of large-scale and systematic manufacturing.

In improving the innovative service system, support pharmaceutical enterprises to strengthen cooperation with national laboratories, scientific research institutions and other institutions, and promote the orderly convergence and coordinated development of results transformation.

In addition, to enhance the competitiveness of pharmaceutical enterprises, it is necessary to form a number of large pharmaceutical companies, and at the same time support the development of "little giant" enterprises that focus on segmentation.

Zhou Jian, Deputy Director of Consumer Goods Industry Department of Ministry of Industry and Information Technology:We will implement the cultivation project of pharmaceutical leading enterprises, support large enterprises to implement innovation and transformation, enhance market competitiveness and sustainable development ability, and form a number of large pharmaceutical companies with high degree of internationalization and global layout development in combination with the implementation of policies such as consistency evaluation of generic drugs and quantity procurement.

The central bank and the foreign exchange bureau issued the Regulations on the Management of Funds Invested by Overseas Institutional Investors in the China Bond Market.

CCTV News:According to official website, the central bank, in order to further expand the two-way opening of the financial market, recently, the People’s Bank of China and the State Administration of Foreign Exchange jointly issued the Regulations on the Management of Foreign Institutional Investors’ Investment in the China Bond Market (hereinafter referred to as the Regulations), which improved and clarified the requirements for the management of foreign institutional investors’ investment in the China bond market. The promulgation of the Regulations is conducive to further facilitating foreign institutional investors to invest in the China bond market and enhancing the attractiveness of the China bond market to foreign institutional investors.

The main contents of the Regulations include: First, unify and standardize the management rules of foreign institutional investors’ investment in the China bond market, such as fund accounts, fund receipt and payment, remittance and statistical monitoring. The second is to improve the management of spot settlement and sale of foreign exchange, allowing overseas institutional investors to handle it through third-party financial institutions other than settlement agents. Third, optimize foreign exchange risk management policies, further expand foreign exchange hedging channels for overseas institutional investors, and cancel the limit on the number of counterparties in counter transactions. Fourth, optimize the matching management of remittance and inflow currencies, enhance the convenience of remittance of investment funds by overseas institutional investors, and encourage long-term investment in the China bond market. The fifth is to clarify the foreign exchange management requirements of sovereign institutions. Sovereign institutional investors who invest through custodians or settlement agents (commercial banks) should register with banks.

The Regulations shall come into force as of January 1, 2023.

Provisions on the management of funds invested by overseas institutional investors in China bond market

Article 1 These Provisions are formulated in accordance with the Law of the People’s Republic of China on the People’s Bank of China, the Regulations of People’s Republic of China (PRC) on Foreign Exchange Control and other relevant laws and regulations in order to support and regulate foreign institutional investors to invest in the China bond market.

Article 2 The term "overseas institutional investors" as mentioned in these Provisions refers to overseas institutions that directly invest in the China bond market through multi-level custody and settlement agency in accordance with the Announcement of the State Administration of Foreign Exchange of China Securities Regulatory Commission of the People’s Bank of China ([2022] No.4).

Article 3 The China bond market mentioned in these Provisions includes the inter-bank bond market and the exchange bond market in China.

Article 4 Overseas institutional investors may independently choose the remittance currency to invest in the China bond market. Encourage overseas institutional investors to invest in the China bond market and use RMB for cross-border receipt and payment, and complete cross-border RMB fund settlement through the RMB cross-border payment system (CIPS).

Article 5 Domestic custodians (hereinafter referred to as custodians) and settlement agents of overseas institutional investors shall handle relevant matters on behalf of overseas institutional investors in accordance with the relevant requirements of these Provisions.

Article 6 The People’s Bank of China, the State Administration of Foreign Exchange and its branches shall, according to law, supervise, manage and inspect the accounts, fund receipts, payments and remittances involved in overseas institutional investors’ investment in China bond market.

Article 7 The State Administration of Foreign Exchange shall register and manage the funds invested by overseas institutional investors in the China bond market.

Overseas institutional investors shall, within 10 working days after obtaining the notice of China bond market investment filing issued by the relevant financial regulatory authorities or other documents with the same effect, designate a custodian or settlement agent to handle the registration on behalf of overseas institutional investors through the capital account information system of the State Administration of Foreign Exchange (hereinafter referred to as the capital account information system) on the basis of the above documents.

Article 8 The custodian or settlement agent shall open a special fund (RMB or/and foreign exchange) account (hereinafter referred to as the bond market fund special account) for overseas institutional investors with the business registration certificate generated in the capital account information system.

The income range of the special account for bond market funds is: the principal remitted by overseas institutional investors from abroad and related taxes (taxes, custody fees, audit fees, management fees, etc.), the proceeds from the sale of bonds, the principal and interest income recovered by bonds at maturity, the funds related to the transactions of bonds and foreign exchange derivatives that meet the requirements, the funds related to the settlement and sale of foreign exchange in China, and the funds in the special account for bond market funds of the same name are transferred to each other. Funds transferred from the domestic special account of QFII)/ RQFII with the same name, and other income that meets the requirements of the People’s Bank of China and the State Administration of Foreign Exchange.

The expenditure scope of the special account for bond market funds includes: payment of bond transaction price and related taxes, remittance of investment principal and income abroad, allocation of funds related to the transactions of bonds and foreign exchange derivatives in line with regulations, allocation of funds related to the settlement and sale of foreign exchange in China, mutual transfer of funds in the special account for bond market funds with the same name, allocation of funds in the domestic special account of QFII/RQFII with the same name, and other expenditures in line with the regulations of the People’s Bank of China and the State Administration of Foreign Exchange.

The funds in the special account of bond market funds shall not be used for other purposes than investing in China bond market.

Article 9 Where important information such as the name, custodian or settlement agent of an overseas institutional investor changes, the relevant custodian or settlement agent shall register the change in the capital account information system on behalf of the overseas institutional investor.

If an overseas institutional investor withdraws from the China bond market and closes the relevant capital account, it shall cancel the registration on behalf of the overseas institutional investor through the custodian or settlement agent within 30 working days after closing the relevant capital account.

Article 10 The funds in the QFII/RQFII domestic special account of the same overseas institutional investor and the funds in the bond market special account can be directly and bi-directionally transferred in China and used for domestic securities investment. Subsequent transactions, fund use and remittance shall follow the relevant management requirements of the transferred channels.

Article 11 Foreign institutional investors investing in the China bond market shall, in principle, keep the currencies of remitted and remitted funds consistent, and shall not carry out cross-currency arbitrage between RMB and foreign currency. If RMB+foreign currency is remitted for investment at the same time, the accumulated amount of remitted foreign currency shall not exceed 1.2 times of the accumulated amount of remitted foreign currency (except for the liquidation of investment). Long-term investment in the China bond market, the above ratio can be appropriately relaxed.

Article 12 Overseas institutional investors may conduct domestic RMB-to-foreign exchange derivative transactions according to the principle of hedging, and manage the foreign exchange risk exposure arising from investing in the China bond market.

Article 13 Overseas banking institutional investors may choose one of the following channels to conduct spot settlement and sale of foreign exchange and foreign exchange derivatives transactions:

(1) Dealing directly with custodians, settlement agents or other domestic financial institutions as customers.

(2) Apply to become a member of China Foreign Exchange Trading Center (hereinafter referred to as the Foreign Exchange Trading Center) and directly enter the inter-bank foreign exchange market for trading.

(3) applying to become a member of the foreign exchange trading center to enter the inter-bank foreign exchange market through the main brokerage business.

Article 14 Overseas non-bank institutional investors may choose one of the following channels to conduct spot settlement and sale of foreign exchange and foreign exchange derivatives transactions:

(1) Dealing directly with custodians, settlement agents or other domestic financial institutions as customers.

(2) applying to become a member of the foreign exchange trading center to enter the inter-bank foreign exchange market through the main brokerage business.

Article 15 If an overseas institutional investor chooses the channels specified in Item 1 of Article 13 and Item 1 of Article 14 of these Provisions, if he needs to open a special foreign exchange account in a domestic financial institution other than the custodian or settlement agent, he can handle it with the business registration certificate. This special foreign exchange account is specially used to handle fund delivery, profit and loss handling and margin management under spot settlement and sale of foreign exchange and foreign exchange derivative transactions, and cross-border fund receipt and payment shall be handled through the special fund account of the bond market.

Article 16 If an overseas institutional investor chooses the channels specified in Item 1 of Article 13 and Item 1 of Article 14 to conduct foreign exchange derivative transactions, it shall file the list of financial institutions with the foreign exchange trading center in advance by itself or through its custodian or settlement agent; The adjustment of financial institutions shall be filed with the foreign exchange trading center in advance.

Article 17 Foreign institutional investors shall abide by the following provisions when conducting foreign exchange derivatives transactions:

(1) The exposure of foreign exchange derivatives has a reasonable correlation with the exposure of foreign exchange risks. Foreign exchange risk exposure includes the principal, interest and market value changes of bond investment.

(2) When changes in bond investment lead to changes in foreign exchange risk exposure, adjust the corresponding exposure of foreign exchange derivatives within five working days or five working days at the beginning of next month.

(3) According to the actual needs of foreign exchange risk management, trading mechanisms such as extension, reverse liquidation, full or differential settlement can be flexibly selected, and profits and losses can be settled in RMB or foreign currency.

(4) Before trading foreign exchange derivatives for the first time, overseas institutional investors shall submit a written commitment to abide by the hedging principle to domestic financial institutions or foreign exchange trading centers.

Article 18 When handling the remittance and remittance of funds for overseas institutional investors, the custodian or settlement agent shall examine the authenticity and compliance of the corresponding fund receipt and payment, and earnestly fulfill the obligations of anti-money laundering and anti-terrorist financing. Overseas institutional investors shall cooperate with the custodian or settlement agent to perform the above responsibilities, and provide true and complete data and information to the custodian or settlement agent.

Article 19 Custodians, settlement agents and relevant domestic financial institutions shall follow the Measures for the Administration of RMB Bank Settlement Accounts (promulgated by Order No.5 of the People’s Bank of China [2003]), the Measures for the Administration of RMB Cross-border Receipt and Payment Information Management System (issued by Yinfa [2017] No.126) and the Notice of the General Office of the People’s Bank of China on Improving the Data Reporting Process of RMB Cross-border Receipt and Payment Information Management System (Yinban Fa []

Overseas institutional investors, custodians, settlement agents, relevant domestic financial institutions, etc. shall be in accordance with the Detailed Rules for the Implementation of Balance of Payments Statistics Reporting through Banks (issued by Huifa [2022] No.22), Guidelines for Balance of Payments Statistics Reporting through Banks (2019 Edition) (issued by Huifa [2019] No.25) and Statistics System for Foreign Financial Assets, Liabilities and Transactions. Notice of the State Administration of Foreign Exchange on Issuing the Specification for Foreign Exchange Business Data Collection of Financial Institutions (Version 1.3) (Huifa [2022] No.13) and other relevant regulations, and submit relevant information and data.

Article 20 Where domestic financial institutions handle spot settlement and sale of foreign exchange for overseas institutional investors in accordance with the channels specified in Item 1 of Article 13 and Item 1 of Article 14 of these Provisions, they shall fulfill their statistical and reporting obligations to the State Administration of Foreign Exchange in accordance with the spot settlement and sale of foreign exchange to customers; Where spot settlement and sale of foreign exchange are handled for overseas institutional investors through the channels specified in Item 2 and Item 3 of Article 13 and Item 2 of Article 14 of these Provisions, statistics shall be made according to the transactions in the inter-bank foreign exchange market.

Domestic financial institutions shall abide by the following provisions when handling foreign exchange derivatives business for overseas institutional investors through the channels specified in Item 1 of Article 13 and Item 1 of Article 14 of these Provisions:

(1) Submit the trading information of foreign exchange derivatives of overseas institutional investors daily according to the regulations of the foreign exchange trading center.

(2) To perform statistical and reporting obligations to the State Administration of Foreign Exchange as a foreign exchange derivative business for customers.

If an overseas institutional investor chooses the direct entry mode or the main brokerage mode in the inter-bank foreign exchange market to conduct foreign exchange derivatives trading, it shall submit relevant trading information in accordance with the provisions of the foreign exchange trading center.

Domestic financial institutions that handle spot settlement and sale of foreign exchange and foreign exchange derivatives business for overseas institutional investors in accordance with the channels specified in Item 1 of Article 13 and Item 1 of Article 14 of these Provisions shall comply with relevant regulatory provisions if they use third-party trading systems, platforms or facilities other than their internal trading systems.

Article 21 If overseas institutional investors, custodians, settlement agents and relevant domestic financial institutions commit the following related acts, the People’s Bank of China and the State Administration of Foreign Exchange shall punish them respectively according to the Law of the People’s Republic of China on the People’s Bank of China and the Regulations of People’s Republic of China (PRC) on Foreign Exchange Control:

(1) Failing to register as required.

(2) Failing to handle the settlement and sale of funds, the receipt and payment of foreign exchange or the remittance and remittance of funds in accordance with regulations.

(3) Failing to open or close an account as required, or failing to use an account as required.

(4) Failing to handle the business of foreign exchange derivatives according to regulations.

(5) Failing to report information and data as required, or reporting incomplete and untrue information and data, or providing false materials, data or certificates, etc.

(6) Failing to declare the balance of payments statistics and report on the settlement and sale of foreign exchange according to regulations.

Article 22 These Provisions shall apply to overseas central banks or monetary authorities, other official reserve management institutions, international financial organizations and sovereign wealth funds that invest in the China bond market through custodians or settlement agents (commercial banks).

Article 23 The materials submitted by overseas institutional investors in accordance with these Provisions shall be in Chinese. If both Chinese and foreign languages are submitted at the same time, the Chinese version shall prevail.

Article 24 The People’s Bank of China and the State Administration of Foreign Exchange shall be responsible for the interpretation of these Provisions.

Twenty-fifth the provisions shall come into force as of January 1, 2023. Notice of the State Administration of Foreign Exchange on Issues Concerning the Management of Foreign Exchange Accounts of Overseas Central Bank Institutions Investing in the Inter-bank Market (Huifa [2015] No.43), Notice of the State Administration of Foreign Exchange on Issues Concerning Foreign Exchange Management of Foreign Institutional Investors Investing in the Inter-bank Bond Market (Huifa [2016] No.12) and Notice of the State Administration of Foreign Exchange on Issues Concerning the Improvement of Foreign Exchange Risk Management of Foreign Institutional Investors in the Inter-bank Bond Market (Huifa [2016])

The "year of interest rate reduction" was put in question mark! The Year of the Loong, the global central bank, is divided: Is the banner of raising interest rates still standing?

Cailian News on February 19th (edited by Xiaoxiang)Will 2024 really be a "year of interest rate cuts" for global central banks? As time officially entered the the Year of the Loong of the Lunar New Year, people’s predictions that were once firmly believed at the end of last year have now become more and more shaken-at least, it seems increasingly unlikely that countries will open the door to interest rate cuts at the same time in a short time, just as the major global central banks entered the tightening cycle two years ago …

There are signs that, with the influence of domestic driving factors that determine the price outlook gradually replacing the global trend, the synchronization of monetary policy in developed countries in the past four years is about to begin to crack.

Some central banks may even raise interest rates in 2024 …

As a pioneer in setting up inflation targeting system in the early 1990s, the New Zealand Federal Reserve is very good at setting the trend of monetary policy. According to ANZ economists, the Fed may raise interest rates again at the end of February at the earliest, and traders believe that New Zealand may once again break the consistency of monetary policies of major global central banks.

In addition, Australia, New Zealand’s neighbor, has recently become more hawkish. Michele Bullock, chairman of the Reserve Bank of Australia, said earlier this month that "the possibility of further interest rate hikes cannot be ruled out", which highlighted the policy path completely different from market expectations. The market originally thought that the Reserve Bank would adopt a dove tone at its first interest rate meeting this year on February 6.

In fact, even the Federal Reserve, which everyone expected to cut interest rates many times in 2024 at the end of last year, seems to be facing new variables at the arrival of the Lunar the Year of the Loong.

After the release of ——CPI and PPI, two US heavy inflation reports that exceeded market expectations in zhou yuan, the surge in employment growth, the persistent stickiness of inflation and the overall economic performance of the United States, which are constantly contrary to pessimistic expectations, have pushed the yield of US Treasury bonds back to the highest point in about two months, and traders have greatly lowered their expectations for interest rate cuts this year.

The current interest rate forecast of the US interest rate futures market at the end of this year is almost consistent with the bitmap of the Federal Reserve in December.-The median forecast of policy makers corresponds to three interest rate cuts of 25 basis points in 2024, and the current pricing of derivatives contracts also corresponds to the same range, and it is estimated that there is only a small possibility of a fourth interest rate cut. You know, at the end of last year, traders once bet that there would be seven interest rate cuts this year.

More extreme, it is also the "interest rate hike" voice issued by several Wall Street investment banks and former US Treasury Secretary Summers last week.Kit Juckes, an analyst at Socié té Gé né rale, said last week that the Fed "has no reason to rush" to cut interest rates. If the US economy accelerates growth again, then the Fed’s next interest rate decision may be to raise interest rates rather than cut interest rates.

Summers, the former US Treasury Secretary, also threatened in a recent interview that the Fed’s next step is likely to raise interest rates instead of lowering them. He believes that the Fed’s actions must be "very careful".

At the same time, Japan, which has been in an ultra-loose state for a long time, may raise interest rates for the first time since 2007 in the coming months.

Judging from the latest policy expectations of these central banks, whether 2024 is a "year of interest rate reduction" that was originally brilliant in the industry really needs to be marked with a big question mark. At least in the first half of this year, the strength of the "interest rate hike camp" is still completely enough to compete with the "interest rate cut camp" …

Will the Year of the Loong, the global central bank, embark on the road of divergence?

Of course, the easing path of some major global central banks during the year may not be easily changed, such as Europe, where the economy is on the verge of recession.

Last year, the euro zone only narrowly avoided economic recession, and its price pressure fell faster than expected, which supported the views of those in the industry who promoted early interest rate cuts. Traders are also betting that the Swiss National Bank will cut interest rates as early as next month. Britain is still in the dilemma of economic recession and high inflation, which may put the Bank of England in the most difficult situation.

The latest economic forecast of the International Monetary Fund (IMF) highlights this difference:The economic outlook of the United States has improved, the economic outlook of the euro zone has deteriorated, and the economic data of the United Kingdom is bleak.

Bond traders now predict that after one year, the benchmark interest rate in the United States will drop by about 100 basis points, Europe will drop by about 120 basis points, while Australia will only be about 40 basis points lower than the current level, and Japan will raise interest rates by about 30 basis points.

Citigroup strategists said that traders need to hedge against the risk that the Fed will raise interest rates soon after a very short easing cycle.

This is what the world’s major central banks, including ECB officials, are trying to avoid. They are worried that a quick 180-degree turn may eventually prove that they underestimate inflation again.

In the past six months, policy makers in various countries have spent a lot of time discussing the risk of acting too early or too late. The former may be startled by the renewed price pressure, while the latter may restrain demand too much. But at present, the latter has obviously gained more support.

Pierre-Olivier Gourinchas, chief economist of IMF, said that central banks should avoid premature easing, because it will lose hard-won credibility and lead to a rebound in inflation; However, we should not delay the interest rate cut too much, so as not to endanger economic growth and put the inflation rate at risk of falling below the target.

He wrote in a recent report: "My feeling is that the United States, where inflation seems to be more demand-driven, needs to pay attention to the above-mentioned first-class risks, while the euro zone, where soaring energy prices have played a disproportionate role in the upward inflation, needs to manage the second-class risks even more. In both cases, it may not be easy to maintain a soft landing. "

In the long run, central banks in Europe, North America and the South Pacific must deal with different structural problems, such as different population growth rates, energy import dependence, supply chain transfer and housing dynamics. Therefore, the global monetary policy consistency that has emerged since mid-2020 (COVID-19 outbreak) will almost inevitably weaken.

Mickey Levy, a visiting scholar at the Hoover Institution, said, "Central banks will cut interest rates at different rates. Although inflation is declining in most places, central bank governors are facing different inflation and economic conditions, which determines the appropriate policy interest rate needed to achieve their goals. "

Looking ahead to this week, the minutes of the January meeting of the Federal Reserve and the European Central Bank, which will be released on Wednesday and Thursday, are expected to be closely watched by people to understand the latest views of internal officials of the two central banks on the direction and pace of policies.

(Cailian Xiaoxiang)
Reporting/feedback

The Z9GT will be officially launched globally on September 20, and the luxury GT will be a new energy source from now on

  Recently, Tengshi Automobile officially announced that Tengshi Z9GT will be officially launched globally on September 20. The pre-sale price range of Tengshi Z9GT, the world’s first tripartite technology and positioning "D-class intelligent luxury flagship GT", is 339,800 yuan – 419,800 yuan, providing plug-in and pure electric power versions, setting a new benchmark for new energy luxury GT in terms of technology and experience.

The Z9GT will be officially listed globally on September 20, and the luxury GT will _fororder_image001 from new energy

  Previously, the Tengze Z9GT had started pre-sale on August 20. On the night of the pre-sale press conference, the surprising pre-sale price directly caused the collapse of the Tengze car APP server. The Tengze Z9GT is the world’s first three-party intelligent vehicle control technology platform, taking into account performance and control. 100 kilometers acceleration of 3 seconds, exceeding the 12-cylinder engine! The Elk test result reached 93.6km/h, setting a new world record! At 140km/h ultra-high speed, three wheels did not run off after a flat tire, setting a new height of safety! As of the opening day of the Chengdu Auto Show in 2024, the average daily order of the Tengze Z9 dual flagship reached 1500 +, and the pre-sale order surged, becoming a well-deserved top-class model in the Chinese auto market recently.

  During the Chengdu Auto Show, the Tengshi Auto booth was full every day and crowded. Countless media, users, and international friends made a special trip to Rongcheng to taste the elegant appearance and luxurious interior of the Tengshi Z9GT, and in the outfield "Easy Three-way Dynamic Demonstration Space" to experience "black technology" such as compass U-turn, smart crab row, and easy three-way parking, and experience the unprecedented luxury GT charm from zero distance.

The Z9GT will be officially listed globally on September 20, and the luxury GT will _fororder_image003 from new energy

  "The strongest on the surface!" "Better than Porsche!" "Special function!"… In the test drive activity of "Easy Three-way, Smart Electricity Full Open – Tengshi Z9GT Easy Three-way Extreme Intelligence Experience Camp" just in the past, the first dynamic test drive of the Tengshi Z9GT has received countless praise. It is both elegant, luxurious, and intelligent, safe, and easy to drive. With its unique leading technology and excellent product strength, the Tengshi Z9GT has subverted the imagination of experiencers of luxury flagship cars.

The Z9GT will be officially listed globally on September 20, and the luxury GT will _fororder_image002 from new energy

  The launch of the Z9GT is imminent. In addition to the attention paid to price and rights, will the new car bring more mysterious surprises to consumers in terms of product power? (Source: Tengshi Automobile)

The situation of pollution reduction and carbon reduction in Liaoyuan, Jilin Province is grim: Who is giving the green light to the illegal construction of "two high" projects?

  Xinhua News Agency, Changchun, September 18th Title: The situation of pollution reduction and carbon reduction in Liaoyuan, Jilin Province is grim: Who is giving the green light to the illegal construction of "two high" projects?

  Xinhua News Agency "Xinhua Viewpoint" reporters Tan Xiaoxiao and Zhang Jian

  The amount of coal in coking projects is not real, the projects with high energy consumption and high emissions are illegally built against the wind, the construction of pollution control facilities for large energy consumers is lagging behind, and coking waste gas is discharged directly for a long time … … All this happened in the first batch of pilot projects of economic transformation in resource-exhausted cities in China — — Liaoyuan City, Jilin Province.

  Recently, the reporter of Xinhua Viewpoint followed the inspector of the First Ecological Environmental Protection Inspector Group of the Central Committee and found that the economic growth of Liaoyuan City is highly dependent on energy consumption, the illegal construction and illegal production of the "two high" projects are prominent, and the situation of pollution reduction and carbon reduction is extremely severe.

  Pillar enterprises are large energy consumers, and the violation of the wind increases the ironmaking capacity.

  Walking into the factory of Jilin Xinda Iron and Steel Co., Ltd., located in Dongfeng County, Liaoyuan City, the smoke is rolling, the smell is pungent and the pollution is very serious. This company is not only a local pillar enterprise, but also a big energy consumer. In 2020, the total industrial output value will reach 9.09 billion yuan, and the energy consumption will reach 1.91 million tons of standard coal, accounting for 36.7% of the total energy consumption in the city.

  The reporter learned that Jilin Xinda Iron and Steel, as a major energy consumer, has been illegally building "two high" projects for a long time, and the environmental protection facilities are ineffective. Although the punishment continued and the local people reacted strongly, the pollution caused by the company became more and more serious.

  Jilin Xinda Iron and Steel Co., Ltd. Factory. Photo courtesy of inspector group

  Since 2018, the company has been punished by relevant departments for many times, paying tens of millions of yuan in fines, involving environmental protection, water conservancy, housing construction and many other aspects.

  The punishment did not stop Jilin Xinda Iron and Steel from illegally building the "two high" projects. Inspectors found that since 2018, the company has built 14 new steel supporting projects, all of which have problems of illegal construction or production.

  Taking the coking project as an example, the project failed to build facilities for dry quenching and flue gas denitrification as required, and the dust removal and desulfurization facilities have not been put into operation since it was put into production, and coking waste gas has been discharged directly for a long time. During the on-site inspection, the inspectors found that the emission concentration of sulfur dioxide was as high as 1928 mg/m3, which was 18.3 times higher than the emission limit of the Pollutant Emission Standard for Coking Chemical Industry.

  The reporter learned that Jilin Xinda Iron and Steel still committed crimes against the wind and illegally increased ironmaking capacity under the situation that the state repeatedly applied to resolve the excess capacity of the steel industry. In April 2017, the company used the overhaul machine to expand a 450 cubic meter blast furnace to 660 cubic meters without authorization, and illegally added about 200,000 tons of ironmaking capacity.

  Inspectors also found that since 2018, Jilin Xinda Iron & Steel has illegally produced molten iron for steelmaking by leasing three 225m3 small blast furnaces that Jilin JD.COM Pipe Industry Co., Ltd. should have eliminated long ago, with a cumulative consumption of 2.066 million tons of molten iron. In Jilin JD.COM Pipe Industry Co., Ltd., the production site is very chaotic, the pollution control facilities are crude and abnormal, and the main production equipment is illegally built.

  Jilin JD.COM Pipe Industry Co., Ltd. production site. Photo courtesy of inspector group

  The relevant person in charge of Liaoyuan Industry and Information Technology Bureau admitted that the current steel price remains high, and enterprises are driven by interests, playing hide and seek to avoid inspection, perfunctory rectification and delaying rectification.

  Supervision fell, and illegal projects turned into key projects.

  Experts said that although the problem lies in enterprises, the source lies in the lack of ideological understanding and supervision of local party committees and governments and relevant departments, which led to some projects being launched in violation of regulations, and some even resorted to fraud, resulting in more and more prominent problems.

  The inspector found that the 1.2 million tons/year coking project of Jilin Xinda Iron and Steel started construction in April 2019 without obtaining the procedures of energy-saving review and construction permit, and the coking capacity of 600,000 tons was built in December 2020 and officially put into production in January 2021.

  At the same time, four projects of the company, including 18.8 square meters shaft furnace and 200H steel with an annual output of 800,000 tons, were built and put into production without the approval of environmental impact assessment or environmental protection acceptance, and nine projects, including 1.8 million tons of hot-rolled strip and lime double-chamber kiln, started construction or put into production without obtaining construction permits and other procedures.

  Jilin Xinda Iron and Steel Co., Ltd. Factory. Photo courtesy of inspector group

  On the eve of the inspector’s arrival, Jilin Provincial Energy Bureau and Jilin Provincial Development and Reform Commission successively approved the coal substitution scheme and energy-saving review opinions for the 1.2 million tons/year coking project of Jilin Xinda Iron and Steel. However, the inspector found that the coal substitution plan reported by Liaoyuan Municipal Government was obviously untrue, and it was planned to realize the substitution of 435,600 tons of coal consumption by adjusting the statistical data of coal consumption of a coal production enterprise. In fact, the annual coal consumption of the enterprise has not decreased, which is purely a digital game.

  The reporter saw in the relevant documents of Dongfeng County that in order to promote the project construction, Dongfeng County set up a project promotion package group led by the main leaders. However, this group only pays attention to the construction of key projects and turns a blind eye to the illegal activities of enterprises.

  In addition, the data show that from January to August this year, there were 12 projects approved by the provincial and municipal development and reform departments, with a total energy consumption of 484,000 tons of standard coal, which has exceeded the new energy consumption control index that Jilin Province intends to issue to the city in the 14 th Five-Year Plan.

  Resolutely curb the blind launch of the "two high" projects

  The inspector group believes that there is a gap in the implementation of the new development concept in Liaoyuan City, and the dual control of energy consumption is weak, and the attitude of curbing the blind development of the "two high" projects is not firm; Jilin Province’s development and reform, energy and other departments are not strict with the approval of Liaoyuan’s "two high" projects.

  Under the failure of supervision, the illegal construction of "two high" projects has become popular, and the situation of pollution reduction and carbon reduction in Liaoyuan City is extremely severe. The data shows that in 2020, Liaoyuan’s energy consumption was 5.205 million tons of standard coal, up nearly 20% from 2015. The energy consumption of the six high-energy-consuming industries is 3.043 million tons of standard coal, accounting for 90.7% of the industrial energy consumption above designated size from 76.9% in 2015.

  According to the inspectors, Liaoyuan City is the only city in Jilin Province that has not completed the two targets of energy consumption double control in the 13th Five-Year Plan, and it is also the only city where the carbon emission intensity has not decreased but increased in the first four years of the 13th Five-Year Plan.

  The Comprehensive Implementation Plan for Energy Conservation and Emission Reduction in the 13th Five-Year Plan of Jilin Province requires that the energy intensity of Liaoyuan City will be reduced by 15% during the 13th Five-Year Plan period, and the increment of energy consumption will be controlled within 650,000 tons of standard coal. However, in the 13th Five-Year Plan of Liaoyuan City, the energy consumption intensity increased by 5.47%, and the energy consumption increased by 860,000 tons of standard coal, exceeding the control target. According to the Work Plan for Controlling Greenhouse Gas Emissions in the Thirteenth Five-Year Plan of Jilin Province, the carbon emission intensity of Liaoyuan City should decrease by 18.3% in 2020 compared with that of 2015, but the carbon emission intensity of Liaoyuan City increased by 8.57% in the first four years of the Thirteenth Five-Year Plan.

  New accounts have been added to the old accounts. Faced with such a grim situation, the impulse of Liaoyuan City to stimulate GDP growth with "two high" projects is still strong.

  Inspectors found that in March, 2021, Liaoyuan City still reported 14 key energy-using projects to be put into production during the 14th Five-Year Plan, with a total energy consumption of 3.31 million tons of standard coal, despite repeated requests from the state and the province to further reduce the "two high" projects.

  In view of the "two high" projects launched against the wind in some places, experts believe that it is urgent to cultivate new green and low-carbon kinetic energy under the background of "double carbon" goals, and the extensive development model that relied on high input and high consumption at the expense of resources and environment should be completely changed. It is necessary to establish working mechanisms such as informed criticism, early warning of energy use, and accountability for interviews, and compact the main responsibility of local governments to curb the blind development of the "two high" projects, double control of energy consumption and pollution control.

  The relevant person in charge of Liaoyuan City said that it will promote green transformation and development, speed up the progress of rectification, improve and perfect the monitoring mechanism of the whole process of enterprise operation, production and construction, and put an end to illegal production. At the same time, strengthen the supervision, review and normalization management of new projects, prohibit unapproved construction, and punish violations according to law.