[New ideas lead a new journey] Institutional opening promotes the high-quality development of Hainan Free Trade Port

  Cctv news(News Network): Building a free trade port with China characteristics in Hainan is an important strategic decision personally planned, deployed and promoted by the Supreme Leader General Secretary. Along the direction of the general secretary, Hainan has accelerated the formation of institutional opening in the past six years, promoting the formation of a free trade port and promoting high-quality development.  

  Not long ago, more than 30 foreign-funded enterprises organized by the China Council for the Promotion of International Trade came to Hainan and entered the key free trade port parks in Haikou and Sanya to attend promotion meetings, inspect projects, see development, ask about policies and talk about cooperation.

  Continue to open wider to the outside world and let more and more foreign-funded enterprises settle in Hainan. From 2018 to 2023, there were 6,534 newly established foreign-funded enterprises in Hainan, with an average annual growth rate of about 65%.

  Building a free trade port with China characteristics is a new historical mission entrusted to Hainan by the CPC Central Committee. In April, 2018, in the celebration of the 30th anniversary of Hainan’s establishment as a provincial special economic zone, General Secretary of the Supreme Leader solemnly announced that the CPC Central Committee had decided to support the construction of a free trade pilot zone throughout Hainan and the gradual exploration and steady promotion of the construction of a free trade port with China characteristics.

  The direction has been anchored and the blueprint has been expanded since then. After that, the Supreme Leader General Secretary made important instructions on the construction of Hainan Free Trade Port many times. In April 2022, General Secretary of the Supreme Leader visited Hainan again, stressing the need to speed up the construction of a free trade port with China characteristics with world influence, so as to make Hainan a model of China’s reform and opening up in the new era.

  Bearing in mind the entrustment of the Supreme Leader General Secretary, Hainan implements a more proactive opening-up strategy.

  In the past six years, Hainan’s three "zero tariff" lists, the negative list of foreign investment access and the negative list of cross-border service trade have been implemented and continuously optimized; Policies and systems for trade, investment, cross-border capital flows, people entering and leaving, free and convenient transportation, and safe and orderly data flow have been accelerated. A total of 140 cases of system integration innovation were published in 16 batches, of which 11 cases were replicated and promoted by the State Council to the whole country.

  On February 9 this year, 59 countries in Hainan were granted visa-free entry reasons, which expanded from inbound tourism to trade, visits, exhibitions, sports competitions and other fields, making personnel exchanges between relevant countries more free and convenient.

  Docking international high standards, Hainan’s institutional opening has steadily expanded. Twenty action measures, such as expanding the scale of trade in goods and innovating the development of trade in services, have been introduced, and the total value of foreign trade imports and exports has maintained double-digit growth for many years. Deepen international cooperation in intellectual property rights, and achieve the "first single" breakthrough in 10 areas such as overseas lawyer practice and teacher qualification.

  This year is a crucial year for the closing operation of Hainan Free Trade Port. At present, the main works of 31 customs clearance projects have been basically completed, the construction of 8 ports open to the outside world has been steadily advanced, and 22 of 27 stress testing tasks have been substantially carried out. The construction of Hainan Free Trade Port is moving towards the stage of substantive operation.

The stock price plummeted, and Gree Electric made another "oolong". After three years, he once again "Du Jie"


In China’s capital market, Gree Electric (000651.SZ) can be described as a star enterprise sought after by many funds, but recently it suddenly approached the limit. In fact, this decline is quite rare for a white horse stock like Gree Electric. The last time it suffered a daily limit was on February 3, 2020. After a lapse of 39 months, Gree Electric was once again "Du Jie".

The Gree Electric stock price limit is related to its published financial report. In the early morning of April 29, Gree Electric’s financial report showed that the revenue in 2022 was 190.15 billion, a slight increase of 0.26% year-on-year; In the first quarter of this year, the revenue was 35.69 billion, an increase of 0.44%. What’s worse, this dull performance report failed the expectations of investors, and even the agreed dividends were not given in place. The superposition of multiple emotions caused Gree’s share price to "roll over".

While many people were surprised, news came out on the morning of May 5, when it was revealed that Dong Mingzhu’s 11.5 million shares in Gree Electric were frozen, which once again aroused widespread concern in the market. However, in the evening of the same day, Gree Electric quickly issued a notice to correct the report of the first quarter of 2023, which would be "frozen" and corrected to "pledge".
If we extend the time a little longer, Gree Electric’s share price has fallen by 43% compared with the previous high point. Today, the total market value of Gree Electric is only 197.9 billion, and the peak market value once reached a high of 420.3 billion, which means that the market value has evaporated by more than 220 billion.Gree Electric, what’s going on?

Home appliance industry is in winter, and its main business is single.

In fact, it’s not that Gree Electric’s performance and dividends are not as expected, but that the whole environment has changed dramatically. In May 2022, Fang Hongbo, chairman of Midea Group, said pessimistically in an internal conference call: "The industry will face greater difficulties in the next three years, which is an unprecedented winter."

Gree Electric’s main product is air conditioning, and the growth rate of air conditioning has obviously slowed down. The financial report shows that Gree Electric’s HVAC business revenue in 2022 was 134.859 billion yuan, a year-on-year increase of 2.39%; Gross profit margin was 32.44%, up 1.21% year-on-year. Looking back on 2021, the contribution value of Gree air-conditioning products accounted for 70.11% of the total revenue, which was 131.713 billion yuan, with a year-on-year growth rate of 13.96%. In just one year, the growth rate has dropped by more than 10%.

In contrast, in 2022, Midea Group’s HVAC business revenue was 150.635 billion yuan, a year-on-year increase of 6.17%. In 2021, Midea’s HVAC revenue was 141.9 billion yuan, a year-on-year increase of 17%. In short, Midea’s air-conditioning business revenue growth rate also dropped by 10% after one year.

In addition, the accelerated changes in China’s real estate market and population are just like two huge stones weighing on home appliance enterprises like Gree Electric. According to the data of the Ministry of Finance, from January to November, 2022, the income from the transfer of state-owned land use rights was 5,117.4 billion yuan, a decrease of 24.4% over the same period of the previous year; According to the data of the National Bureau of Statistics, in 2022, the national real estate development investment was 13,289.5 billion yuan, down 10.0% from the previous year; Among them, residential investment was 10,064.6 billion yuan, down 9.5%. It can be seen that fewer people buy houses, and fewer people install air conditioners. However, the business income of air conditioning accounts for more than 70% of Gree. What does this mean for Gree?
Of course, Gree Electric’s challenge is not only the lack of air-conditioning growth, but also the failure of other products to take the lead. This is closely related to Gree Electric’s single main business (mainly air-conditioning sales revenue) and the failure to open the second growth curve.

The 2022 financial report showed that the revenue of household appliances was 4.568 billion yuan, a year-on-year decrease of 6.43%. The revenue of industrial products was 7.599 billion yuan, although it increased by 137.88% year-on-year, but the plate was not big. The revenue of intelligent equipment business in Gree Electric was 432 million yuan, down 49.63% year-on-year. Gree Electric also has 32-bit series MCU chips and pre-cooked vegetables related projects, but the combined revenue of all these products does not account for 30% of the company’s total revenue.

Diversified transformation, Gree fell into a loss trap.

In order to cope with this "unprecedented" winter, Gree Electric is also actively seeking business transformation.

In fact, as early as 2014, Gree Electric began to diversify. Over the years, Gree Electric has made mobile phones, and Dong Mingzhu has personally endorsed them. Unfortunately, the sales volume is very bleak.

It is worth mentioning that Gree Electric has also crossed the border into new energy sources, and it is this investment that makes Gree Electric fall into the loss trap.

In 2016, Dong Mingzhu insisted on investing in Zhuhai Yinlong New Energy (now renamed Gree Titanium), but the shareholders’ meeting rejected it. She invited Wanda Wang Jianlin and JD.COM Liu Qiangdong to raise 3 billion yuan to invest in Yinlong.

At the extraordinary shareholders’ meeting in Gree Electric in October, 2016, Dong Mingzhu supported Zhuhai Yinlong and its main lithium titanate battery technology. The main reasons include: lithium titanate battery has long service life, can adapt to extremely cold temperatures, has good safety, and has application prospects in the energy storage market.

According to the data of China Bus Statistics Network, in 2022, a total of 92,256 buses over 6 meters were sold in China bus industry. The top five car companies were Yutong Bus, Zhongtong Bus, Suzhou Jinlong (Haige Bus), Golden Passenger Bus and Jinlong Bus, but there was no Gree Titanium (Zhuhai Yinlong). In 2022, Gree Titanium (Zhuhai Yinlong) sold 1,789 buses over 6 meters, a decrease of 11.65% compared with the previous year.

At the same time, the net loss of Gree Titanium in 2022 reached 1.9 billion yuan, resulting in the net assets of the whole company shrinking from 2.147 billion yuan at the beginning of the year to 237 million yuan.

In 2021, Gree Electric invested 1.828 billion yuan in Yinlong, and now it has lost 1.755 billion yuan. Dong Mingzhu personally invested 2.34 billion yuan to win 17.46% equity of Zhuhai Yinlong, and now only 41.3865 million is left.

It can be seen that Gree Electric has lost a lot of money in investing in Zhuhai Yinlong, and the poor performance of Zhuhai Yinlong also shows that its technology and products may not pass the mark, which will adversely affect the future development of Gree Electric. Whether Zhuhai Henglong will continue to "suck blood" from Gree Electric in the future needs to be questioned.

What’s more, Gree Titanium (Zhuhai Yinlong) has also signed gambling agreements with a bunch of small shareholders such as Sunshine Insurance, and will be withdrawn and claimed if the performance is not up to standard.

Although the investment is blocked, Gree Electric’s "struggle" will not die. In recent years, Gree Electric invested 50 million yuan to set up Zhuhai Gree Prefabricated Vegetable Equipment Technology Development Co., Ltd. and started the cross-border "prefabricated vegetable" business. Subsequently, Dong Mingzhu was elected as the chairman of Guangdong Prefabricated Vegetable Equipment Industry Alliance.
Dong Mingzhu’s attitude towards live broadcast has also changed significantly. From the initial resistance that "hundreds of thousands of dealers can’t lose their jobs because of their own selfish interests", in December 2022, Gree Electric set up a wholly-owned subsidiary to build its own live e-commerce platform. Dong Mingzhu himself frequently appeared in the live broadcast room. Just before the issuance of the 2022 financial report, Dong Mingzhu also appeared in the live broadcast room in Gree Electric to bring goods.

Regrettably, after years of tossing, Gree Electric’s diversified business is still difficult to take on. Green energy, household appliances and smart equipment businesses, which are highly anticipated, account for only about 5% of revenue in 2022.

The asset-liability ratio has risen, and the letter has frequently made mistakes.

At the end of 2022, Gree Electric’s asset-liability ratio was 71.30%, up 5.07 percentage points from a year ago. The increase in Gree Electric’s asset-liability ratio at the end of 2022 was mainly due to the substantial increase in interest-bearing liabilities.
For the increase in short-term loans, the explanation in Gree Electric’s annual report is: "It is to meet the daily production and operation needs of the company"; The increase in long-term loans is interpreted as "to meet the construction fund demand of long-term assets such as fixed assets".

In 2022, the net cash flow generated by operating activities in Gree Electric was 28.668 billion yuan, and it was positive every quarter, which were 3.394 billion yuan, 9.750 billion yuan, 9.314 billion yuan and 6.210 billion yuan respectively.

In 2022, the company’s monetary capital was 157.4 billion, and its interest-bearing liabilities were 85.8 billion. Looking through the financial report, it is found that there are 48.296 billion yuan of "other monetary funds" in Gree Electric at the end of 2022, mainly including bank acceptance bill deposit, letter of guarantee deposit, etc., among which the restricted funds are 47.954 billion yuan.

However, by comparing Gree Electric’s two main competitors-Midea Group (000333.SZ) and Haier Zhijia (600690.SH), other monetary funds are much less than it. There are too many other monetary funds in Gree Electric, both in absolute amount and relative to its business scale, the amount of bank acceptance bills drawn and the proportion of monetary funds.
From these data, we can see that the use efficiency of monetary funds in Gree Electric may be relatively low.

In fact, the announcement of listed companies should have been very rigorous, but it is not the first time that Gree Electric’s announcement went wrong. On June 24th, 2021, Gree Electric issued the "Prospectus for Raising the Eighth Ultra-short-term Financing Bonds in 2021", in which the words "Zhang Wei, male, born in 1976, with a bachelor’s degree, is currently a director of Zhuhai Gree Electric Co., Ltd." appeared. Obviously, this is because the person who made the document mistyped "birth" as "beast" when using the computer input method, and then it was released without detailed review. This "Oolong Announcement" document is also officially sealed by Gree.

Generally speaking, the secretary-general is responsible for compiling the information of listed companies. The secretary-general of Gree Electric is Deng Xiaobo, who started to serve as the secretary-general of Gree Electric in December 2020 and joined the board of directors in March 2022. Deng Xiaobo served as the chairman of Shaanxi Coal Chemical Industry Group Finance Co., Ltd. from 2015 to 2020.
Deng Xiaobo even worked as the chairman of the board, but it is really incredible that he has made such two big oolong goals again and again.(This article is the first titanium media App, author | Zhai Zhichao)

Ali’s life service turmoil has started again: Box Horse started the supplier’s "knockout", and small and medium-sized players complained that it was difficult to enter the game.

Source: Time Finance.

  This article Source: Time Finance Author: Xu Xiaoqian

  Image source: the idea of the worm

  Ali’s life service business has been somewhat unsettled recently.

  On August 12th, it was reported in 36Kr that Li Yonghe, CEO of Alibaba’s local life company, resigned because his subordinates were involved in the "sexual assault scandal", and Yu Yongfu, the general manager of the local life service section, took over the post urgently. This is the third time that the local life company has changed coaches in the past two months.

  The aftermath of the "807 incident" was not smooth, and the new retail format of Alibaba’s reconstruction of offline supermarkets-Box Ma Xiansheng was also involved in another storm. On the evening of August 11th, the blogger "Beijing-Zhao Yong", who claimed to be the supplier of "Beijing Box Horse" owned by Ali, issued a document in Weibo, accusing Box Horse of "bullying customers". It said that since the cooperation with Box Horse in 2017, it has supplied more than 8 million yuan to Box Horse in four years. Not only did it not make money, but it lost more than 600,000 yuan due to various overlord clauses of Box Horse.

  On August 13th, Box Horse told Time Finance that the problems reflected by the supplier were still being handled, and it was communicating with the supplier and verifying some details in order to give a proper solution. Box Horse Club takes the incident seriously, and is also optimizing the contract terms and supplier feedback mechanism to prevent similar phenomena from happening again.

The supplier accused Box Horse of "store bullying", and the insider said that the payment had been settled.

  Previously, the supplier issued a document saying that the loss of more than 600,000 yuan was not a normal business loss, but was "pitted" by the box horse. He said that during the supply period, the supplier orders placed by Boxma must be supplied in full according to the quantity they require, and if the quantity is less than 95%, a fine will be imposed.

  According to the information provided by this person, the operating pressure mainly comes from fines and platform returns. He said that he had negotiated with Boxma and reminded that there was a problem of excessive cargo, but Boxma required sufficient supply as required, which led suppliers to borrow money and loan to supply Boxma. However, some of the goods with large purchases were not sold in time, and Box Horse forcibly returned the goods to the supplier, who could only bear it. "After all, there are still a lot of payment in the hands of Box Horse."

  This situation lasted for more than 4 years, which eventually led to a total loss of more than 600,000 yuan from the supplier’s return plus fines.

  In addition, the blogger also mentioned another "overlord clause" of Box Horse: after the supplier delivered the box horse to Tianjin warehouse, the warehouse refused to allow the supplier to unload the goods himself, and forced the warehouse loading and unloading team to unload and deliver the goods. Each party (intended to refer to the unloading and delivery party) charged 18 yuan’s fees and paid 200 yuan another bill for delivery.

  Original text of supplier Weibo

  The blogger said that when he chose not to renew the contract when the contract expired in 2021 for the above reasons, Box Horse did not have the personnel to handle the account clearing process, did not give the final payment and could not find a docking person. He also said that under the epidemic, dealers are already struggling, and I hope that Box Horse will not "bully customers" and leave a way for suppliers.

  On August 12th, Time Finance contacted the supplier, and the other party refused the interview, and said that it was being negotiated with Box Horse.

  "Suppliers are not willing to ferment this matter. After all, there are affiliated companies in this circle. Today, the box horse paid the other party, and this matter is over. " An insider told Time Finance on August 13th.

  The above-mentioned insiders said frankly that the attitude of the supplier also represents the current situation of most suppliers in the fresh retail industry. "They are not willing to make a big deal, fearing that they will have a bad influence in the industry and break the future business."

Suppliers who bow to the platform: the living space is compressed, and it is difficult for small and medium-sized players to enter the game.

  Time Finance learned from an interview that many suppliers have complaints about box horses.

  Huang Tao (pseudonym) has been a box horse supplier for more than one year, and can maintain a gross profit margin of 10%-15%. Its supply scope is mainly for more than 20 fresh box horse stores in a second-tier city. "The supply volume is relatively fixed, with an average daily supply of more than 10,000 kilograms on weekdays, 20,000 kilograms on weekends, and delivery to the central warehouse three times a week."

  However, Huang Tao also felt that the supplier’s living space was gradually compressed. "We can only provide small-scale seafood, and the categories of large-scale seafood have been taken back by the box horse for collection. For example, the explosion of seafood single product Portunus crab has become a box horse."

  "The leading enterprises in every city have basically been signed away by the platform, and it is difficult for small and medium-sized enterprises to squeeze in. The right to speak on the platform is still very large, and suppliers can only be selected." The national supplier of another box of horses told Time Finance.

  On May 31, 2021, Box Horse announced the establishment of a new brand incubation center-"Box Horse X Accelerator" to open up internal and external resources such as investment and financing, product research and development, supply chain support, marketing and promotion, and to incubate and accelerate potential new brands, product lines and commodities and make strategic investments.

  Hou Yi, CEO of Box Horse Fresh Life, even put down the swear words: "If you are willing to go, go with Box Horse. If it is unreasonable, even the number one supplier in the world will be eliminated."

  In fact, the elimination of Box Horse has long been hidden in the supplier assessment mechanism. According to Huang Tao, once the performance rate is unqualified for three consecutive months, the supplier qualification will be cancelled. "Seafood suppliers need to pay special attention to specifications, box temperature and activity. If you can do a good job in performance and product quality control, you can maintain a relatively stable income. "

  "It is a chore to supply box horses." Some insiders in the retail industry told Time Finance that "the long account period, the suppression of ultra-low commodity prices, and the inspection loss after the transportation of goods are all paid by themselves. If you value product marketing, you can enter the market. If you want to make money, the box horse is not a good choice."

  However, some analysts believe that the problem reflected by "Beijing-Zhao Yong" is a case and does not represent the current situation of suppliers in China. Qiang Ge, founder of New Gradient Alliance, told Time Finance on August 13th: "In front of the platform, suppliers are always weak. If the supplier can’t meet the strict regulations of the platform, there will still be a steady stream of substitutes after the exit. "

  Behind the rising threshold of suppliers, Box Horse is also building its own brand. According to public reports, among the 1,500 SKUs of Box Horse X member stores, self-owned goods account for more than 40%, of which self-owned brand "Box Horse MAX" accounts for more than 20%.

  "On the one hand, Box Horse can directly connect with the place of origin, control the quality of products and the stability of supply, on the other hand, it can also reduce costs and help Box Horse control the pricing of some goods in the platform." Qiang Ge said.

Reporting/feedback

There are many disputes about the merits and demerits of the first "female head" of the Federal Reserve in the past 100 years.

  BEIJING, Feb. 5 (Qi Jun) Powell, the new chairman of the Federal Reserve, will be sworn in on the 5th local time. janet yellen, the former chairman who stepped down a few days ago, is not only the first "female head" in the 105-year history of the Federal Reserve, but also the first chairman of the Federal Reserve who has not been re-elected in the past 40 years. The "Yellen era" of the Federal Reserve has come to an end. However, there are many controversies about the merits and demerits of this "female head".

  Data Map: On November 17, 2016, local time, Federal Reserve Chairman Yellen attended the hearing held by the Joint Economic Committee of the American Congress in Washington and looked forward to the US economic situation. China News Service reporter Zhang Weiran photo

  Xueba: Dr. Harvard became the first female chairman of the Federal Reserve.

  The 71-year-old Yellen was born in a Jewish family in Brooklyn, new york. She obtained a doctorate in economics from Yale University in 1971 with excellent academic performance since childhood. She was also the only woman among more than 20 doctors in economics who graduated in the same session.

  After graduation, Yellen worked in research and teaching for several years. In 1994, under the nomination of former US President Bill Clinton, Yellen began to serve as a member of the Federal Reserve, and then successively served as the chairman of the President’s Council of Economic Advisers and the vice chairman of the Federal Reserve.

  In 2014, Yellen became the chairman of the Federal Reserve and became the first female chairman in the institution’s 100-year history.

  It is worth mentioning that Yellen’s husband, george akerlof, is also an economist and won the Nobel Prize in Economics in 2001. His research on the impact of information asymmetry on the market is considered as a milestone.

  Data Map: After the outbreak of the financial crisis in 2008, Ben Bernanke, then chairman of the Federal Reserve, promoted unconventional adjustment measures including three rounds of quantitative easing to boost the economy and create employment opportunities. The heavy responsibility of how to bring unconventional monetary policy back to the right track in an orderly manner fell on Yellen.

  Steady: "Doves" raise interest rates and gradually shrink their watches.

  After the subprime mortgage crisis in the United States in 2008, the Federal Reserve once pursued the quantitative easing policy and successfully "rescued the market" by printing a lot of money and buying US Treasury bonds and mortgage bonds, but it also left a balance sheet of about 4.5 trillion US dollars for the United States.

  How to smoothly raise interest rates and shrink the balance sheet (reducing the scale of assets and liabilities) has become the top priority of the Fed’s next work, and it has also become the key to the smooth recovery of the US economy. It was at this time that Yellen took over the baton of the Federal Reserve.

  In the face of "hot potato", Yellen patiently analyzed the changes in economic data with the prudent attitude of economists and adjusted policies in time. Since 2014, the Federal Reserve has raised interest rates five times. Yellen has always advocated a gradual interest rate hike and communicated with the market in advance as openly and transparently as possible, which effectively avoided panic and pushed the US monetary policy back on track.

  Data Map: Yellen said at the beginning of her tenure: "Although our work needs to be realized through financial markets, our goal is to help ordinary people, not Wall Street."

  Sincerity: Pay attention to ordinary people and advocate "economic justice"

  In the outside world’s evaluation of Yellen, in addition to stability and peace, there is another word: sincerity. This may come from her concern for every ordinary person in the labor market.

  At a meeting in 2017, Yellen bluntly said that a large amount of evidence shows that if a child is raised in a poor family, it will be more difficult to succeed in adulthood.

  In this regard, Yellen suggested that we should pay more attention to the education of children and adolescents and the skills training of young people, so as to feed back the investment return of education to the future labor market with a longer-term perspective.

  In addition, Yellen believes that in addition to the employment rate and the improvement of labor skills, economic data should also consider "economic justice", that is, to enable everyone to work steadily and meaningfully.

  Data Map: On January 2, 2018, local time, Trump nominated Jerome Powell, director of the Federal Reserve Board of the United States, to succeed Yellen as the next chairman of the Federal Reserve.

  Regret: Is she the last economist of the Federal Reserve?

  Yellen is the first Fed chairman who has not been re-elected since 1979. Her position as chairman of the Federal Reserve will be held by Federal Reserve Governor Powell.

  Some analysts pointed out that in the past few decades, no matter how the American economy fluctuated, economists and Keynesianism seemed to be the "main theme" of governing the country, but Trump, who was different from others since he took office, pursued mercantilism. This may be one of the main reasons why Yellen was not nominated by Trump.

  As a woman, Yellen’s contributions to racial differences in employment, opportunities for women in the economic field, and setting an example for professional women are praised, but the final result can’t help but make people feel that women are not easy.

  Lagarde, the president of the World Monetary Fund, who is also a strong woman, also said that the resilience and meticulousness of female leaders gave them the advantage of "cleaning up the mess", but when the situation turned around, "men would come back inexplicably."

  Data Map: On January 17, 2018, local time, the Dow Jones index broke through 26,000 points. During Yellen’s tenure, the unemployment rate in the United States also fell to its lowest point in 16 years.

  Curtain call: Yellen’s Fed career will come to an end.

  According to the regulations, the chairman of the Federal Reserve can continue to serve as a director of the Federal Reserve after the end of his term. Yellen’s term of office as a director could have ended on January 31, 2024, but since Yellen has indicated that he will resign as a director when the Fed chairman expires, it may also mean that Yellen will take a curtain call from the Fed.

  During Yellen’s tenure, the inflation rate in the United States was controlled near the ideal level of 2%, while the unemployment rate dropped to 4.4%, the lowest level in 16 years. In the Wall Street Journal survey, most economists gave Yellen an "A" rating, which was recognized by peers and provided a powerful footnote for Yellen’s Fed career.

  However, there are also criticisms that Yellen keeps a close eye on the inflation rate of 2%, which makes the pace of raising interest rates not fast enough. The leftists also accused Yellen of not taking enough measures to promote the wages of the middle class and the working class when the rich made a lot of money through the stock market surge. In addition, some experts believe that Yellen also has shortcomings in politics and diplomacy, especially when dealing with Congress.

  But in the final analysis, at least one thing is beyond doubt: Yellen deserves applause when she leaves the Fed. (End)

[Going to the grassroots in the New Year] Their determination makes life warm.

  Beginning of spring. At this time, Wuhan is still quiet and dignified, but life goes on and the city is running.

  Sanitation worker, courier brother, "special car" driver and epidemic prevention volunteer … … When most people are forced to stay at home, they are always on the street and on the road … … They guarantee the normal operation of the city, and they are the guardians of Wuhan.

  "Only by properly handling the garbage can we really create a healthy environment for everyone."

  Xiong Pengde (sanitation worker) wants to say to his family most: "We must be on the top, for no reason, we just want to eliminate the epidemic as soon as possible."

  At 3:30 in the morning, the city is still sleeping soundly. Xiong Pengde got out of bed on time. After a simple wash, Xiong Pengde picked up the cleaning tools and walked to Zhenxing Second Road. This is his most familiar "site", and I can’t count how many times I have to go back and forth on this road every day.

  At 4:00, it was still dark, and Xiong Pengde’s work began. "I just swept over and over again, and when the cleaning work was over, I looked up and it was already bright."

  This is only part of it. At 7:00, his other cleaning job started again, and he was still familiar with the street. He did it until 6:00 pm. "I can’t do anything else, but I have absolutely no problem cleaning and cleaning, and the garbage must be clean." Speaking of his own job, the 55-year-old man who came to work in Wuhan from Xiaogan eight years ago changed his previous shyness and plain face with a touch of unquestionable confidence.

  "My wife is also a sanitation worker. Now, what we want most is to do a good job in street sanitation and bring a good environment to everyone. I always tell my wife that hygiene is so important that we have to be on top. Why not, I just want to eliminate the epidemic quickly. " Speaking a less authentic Mandarin, Xiong Pengde’s tone is firm.

  At 1:00 pm, on the second road of Zhenxing, the reporter walked and chatted with Xiong Pengde, and met another sanitation worker — — Huang youjun The director of Changqing Street Environmental Sanitation Management Office in Jianghan District has been working continuously for six hours. After adjusting the mask, he told reporters that now, sanitation workers are not only very tired, but also very dangerous. "The garbage is full of germs. Now is a special period, and everyone will avoid it. If hospitals are the main battlefields of the epidemic, then garbage bins and discarded articles are our main battlefields. Only by properly handling the garbage can we truly create a healthy environment for everyone. "

  In a special period, there is no retreat. Since the beginning of the epidemic, Huang Youjun has never returned home. "My wife also works in the community. Neither of us dare to go home. We can only stay in a hotel and leave our children alone at home."

  "Worried?" The reporter asked.

  "Said don’t worry is false. But everything we are doing now is to tide over the difficulties as soon as possible. At that time, our family can have a hot reunion dinner. " While speaking, the sun shone on Huang Youjun’s face, which was particularly bright.

  "No matter how long it takes, we young people swear to advance and retreat with Wuhan."

  Hua Yuchen (an epidemic prevention volunteer) wants to say to his family most: "Protecting yourself is also protecting you."

  At 12:00, he took off his mask, held a box lunch, and casually sat down in a place where there were few people. After 90, volunteer Hua Yuchen just sent the medical staff to Zhongnan Hospital, and went to the Beihu toll station 20 kilometers away to quickly grab two lunches and get ready for work. She smiled and said that she had done two volunteer "part-time jobs".

  "hello! Take your temperature. " Wearing a red volunteer vest, she stood at the intersection with a thermometer and became a member of the volunteer team for epidemic prevention and control. These days, she has been very busy. During the work break, she talked to the reporter about herself: "I am a music teacher at Ganghua Primary School and have been paying attention to the dynamics of the epidemic. On January 23, I saw in my circle of friends that the Qingshan League Committee was recruiting driving volunteers, and I immediately signed up to provide pick-up service for medical staff."

  These days, she picked up more than a dozen medical staff and drove back and forth in Qingshan, Wuchang, Hankou and other districts. This is also the first time that Hua Yuchen has been in close contact with medical workers. "To my surprise, many doctors and nurses are younger than me, including ICU nurses and doctors in intensive care units." She said.

  What impressed her deeply was that she picked up a head nurse. Hua Yuchen saw her step back three times before getting on the bus, saying words of comfort to her husband, and did not forget to take care of the old people and children at home. Along the way, she constantly coordinated the scheduling of department personnel on the phone, and her voice was hoarse.

  "In Wuhan, there are the most ordinary people and the most amazing people." Hua Yuchen said that for volunteers, there is a principle of work that is to help, but not to add chaos, and to go wherever there is a need.

  On January 25th, the number of drivers’ volunteers increased. When she heard about the recruitment of volunteers for epidemic prevention and control, she took the initiative to join in and came to Erqi Bridge in Wuhan to become a member of the inspection duty, and cooperated with the traffic police to check the temperature of people passing by.

  At this time, the vehicle is slow to pass the inspection, and most drivers are very cooperative. Every time Hua Yuchen measures someone, she will smile and say "the temperature is normal", and many impatient drivers will change their attitudes and nod their thanks to her. "There are still many drivers who will take the initiative to say ‘ You have worked hard ’ Some even throw export hoods and alcohol sprays from the window, telling us to take care, and the scenes reflect the human touch of Wuhan. "

  As usual, on February 3, the first thing Hua Yuchen did when she returned home was to disinfect and isolate herself in the room. "Up to now, my parents still don’t know that I go out to be a volunteer every day. I told them to be on duty at work." She went on to say, "I don’t tell them because I’m afraid they’re worried. I will also strictly disinfect and protect myself and protect them."

  In Wuhan, many young volunteers have devoted themselves to the front line, which is their confidence in the city. Hua Yuchen is no exception. At the scene of delivering materials, she also met a student’s parents, who never rested and provided logistical support for the supporting medical team. At that time, I was carrying materials with the other party. I heard that another student’s mother was in this hospital ward. Her nose was sour and her eyes were moist instantly: "No matter parents or teachers, we should set an example for our children."

  Some children sent her WeChat through their parents’ WeChat, telling her to pay attention to safety. She said: "We are not sensational, we will go directly if necessary. No matter how long it takes, we young people swear to advance and retreat with Wuhan."

  "We can run and feel particularly meaningful."

  Yuan Shuang (courier brother) wants to say to his family most: "After the cold winter, the warmth will eventually arrive."

  At 14:21, the 62nd express order of Wuhan courier Yuan Shuang is about to be completed. When the reporter saw him, he wore a mask and trotted all the way, and the outside of the mask was bulging. "You put the courier at the door." The customer said in the house through the security door that this is the normal state of sending express delivery these days, and many customers don’t want to receive it face to face. Just as Yuan Shuang turned to leave, I didn’t expect the door to open. "Wait a minute, this is for you. You have worked hard these days, so pay attention to protection." Yuan Shuang took it and saw that it was two masks. "What a surprise! Our customers care about us." He smiled.

  Wuhan, this city, we meet each other less often, but we can’t live without the kindness and temperature of human nature. In the past few days, he was also pleasantly surprised when he was busy. After every single package was delivered, customers always thanked him. They often handed out medical masks from the crack of the door, brought disinfectant, medical gloves and milk, and some even gave a small bag full of snacks and confession notes … … During this time, these have become very common.

  Ordinary people like Yuan Shuang serve the normal operation of the whole city. The post-90 s young man is an authentic Wuhan man. As the stationmaster of the express delivery site, he chose to stay behind and started a series of runs.

  At dawn in the morning, he glanced at his mobile phone, and at 6 o’clock, he was ready to get up and go out. At 6: 50, he arrived at the company, holding an electronic thermometer. The first thing to do was to take the temperature of his colleagues. At 7 o’clock, they started unloading. At 8 o’clock, they began to deliver goods.

  "Today’s goods, there are many express mails with yellow marks, indicating that this is an urgent item, so we will deliver it first." Yuan Shuang said that driving on an empty street, he and his brothers in the station picked up the parcel delivery of half the Tmall supermarket in Hanyang District, Wuhan, which was very fulfilling.

  It’s almost one o’clock in the afternoon before he has time to have a rest. "I know you didn’t eat." Colleagues sent him a rice covered with shredded pork with green pepper. This concern was not thanked each other, but was more a sign of eyes. He squatted on the conveyor belt and chatted with reporters while eating. In less than ten minutes, he hastily finished his meal and turned to the warehouse to see the goods to be delivered in the afternoon. He was also full of daily necessities purchased by citizens online, and delivered every expectation in time.

  Ask him why he likes to deliver goods at a trot? He said with a smile, as a native of Wuhan, he is also a courier. In times of crisis, he can do something for his city in his post. "We can run and feel particularly meaningful."

  The afternoon sun is shining brightly. After delivering the goods, he told reporters: "I want my parents to see that after the cold winter, the warmth will eventually arrive. Come on, Wuhan!"

  "I want to be a good volunteer driver these days."

  Zhang Yichi, the driver of the "special car", wants to say to his family most: "These days, I especially look forward to being able to ‘ Laid off ’ 。”

  At 9: 00 pm, the "special car" arrived as scheduled. As soon as the car stopped and rolled down the window, the reporter saw Zhang Yichi wearing a mask, with the unique boldness of Wuhan people, waving his hand: "Get on the bus, these days are busy!" Talking about his work these days, he said, "Yesterday, a friend of China Construction Third Bureau contacted me and said that two colleagues had reported to the construction site in Thunder God Mountain hospital. I picked up one at 4 pm, another at 8 pm, and picked up two medical staff halfway, just in time. "

  At the age of 32, he is not a full-time driver, but a member of the Youth Federation of Wuchang District, Wuhan, working in a private enterprise. "I want to be a good volunteer driver these days." Zhang Yichi said.

  On January 23, public transportation in Wuhan stopped. He heard that many doctors and nurses can’t go home after work. At this time, some enthusiastic volunteers quickly started QQ group and WeChat group, and a large number of brave Wuhan citizens went out of their homes to form a volunteer team. On this day, some people roughly counted four or five thousand people, and Zhang Yichi was one of them.

  The reporter opened Zhang Yichi’s diary, with simple words but full of warmth — —

  January 25, the first day of the first month: I got up at 5: 50 this morning, and I picked up five people in total. It’s rare in this group, and I saw an old brother pick up more than a dozen orders.

  January 26th, the second day of the first month: Today, all four orders are long-distance trans-regional, each order is 20 to 40 kilometers, so tired. Hubei Maternal and Child Hospital to Jinyintan Hospital, Hankou Station to Zhongnan Hospital … … I went out at 12: 30 noon and came back at 8: 00 pm, mainly because I couldn’t find a place to eat outside. I didn’t come back until I was hungry, and I didn’t go out until I was full tomorrow.

  It’s still winter in Wuhan, but Zhang Yichi said that the small space in his car is full of warmth between people. A doctor in a car stuffed him with a pack of masks to remind him to pay attention to self-protection; A nurse sent a bottle of alcohol and showed him how to use spray in the car. Another nurse, seeing that his alcohol was running low, heard that the alcohol in the small supermarket had been replenished, bought several bottles and threw them in the car, insisting on no money.

  On January 29th, on the fifth day of the first month, after getting up in the morning, Zhang Yichi found that the number of WeChat groups was obviously less. He thought this was a good sign and the capacity was eased. On this day, he found a new job, and the Youth Federation in the district recruited volunteers. A large number of overseas aid materials arrived in Wuhan and needed translators. "My English level is under no pressure, and my wife is also a French teacher, and her Japanese level is N1." He said with a smile, with some pride in his tone.

  At noon on February 4, he went home to sleep, stayed at home for a while, and saw new news in the WeChat group. He said, "No matter, I’ll pull for a while, and now the demand is decreasing, otherwise I won’t be able to grab the order in the future."

  Picking up his mobile phone, driver’s license and mask, he threw them at the copilot, and he drove out again. Zhang Yichi said: "When the order is gradually restored, I should ‘ Laid off ’ Yes. "

  "However, I am particularly looking forward to ‘ Laid off ’ 。” He added that this is what he has often said to his family recently.

  (Guangming Daily, Wuhan, February 4 th, our reporter Jin Haotian, Zhang Zheng, Lu Lu)

[See you at 8: 00] The scenic spot was informed criticism because of the long queue time of tourists.

CCTV News:At 8 o’clock every day, CCTV will sort out the big and small things that happened around us within 24 hours.

 

 The national railway has sent 114 million passengers during the Mid-Autumn National Day Golden Week.

The national market supervision department has investigated and dealt with 1,209 cases of unfair competition on the Internet this year.

The Ministry of Commerce responded to the EU’s countervailing investigation on electric vehicles in China: naked protectionism.

Ministry of Agriculture and Rural Affairs: The national autumn grain harvest has exceeded 30%.

The peak of holiday return is approaching, and the train tickets from Fujian to Guangzhou, Shenzhen and Shenzhen are tight.

Domestic realistic films lead the way, and the box office of the National Day file exceeds 2 billion yuan.

Typhoon "Little Dog" is approaching, many scenic spots in Fujian are closed and cruise ships are out of service.

China Marine Police responded to the illegal invasion of Ren’ai Reef by the Philippines: stern warning, full supervision and effective regulation of Philippine ships.

On the evening of 4th, the China men’s basketball team suffered a Philippine reversal and missed the final of the Asian Games. Yao Ming attended the press conference after the game and apologized for the team’s absence from the press conference.

Thailand set up an emergency coordination center to deal with the follow-up of the shooting incident in Bangkok shopping center. The police made five preliminary charges against the suspect.

On the morning of October 5th, Japan began the second round of nuclear polluted water discharge into the sea.

The Indian government issued a "marching order" to more than 40 Canadian diplomats.

The French Minister of Health denied that the country was invaded by bedbugs and called on the public to calm down.

The average life expectancy in the United States continues to decline: the racial gap is obvious, and Aboriginal people and African Americans are the most affected.

Two athletes from Saudi Arabia in Afghanistan tested positive for doping and were temporarily banned from participating in the Asian Games.

A wedding car collided with a sanitation car in Linxiang, Hunan Province. The police informed that six people had died.

7 people were killed by suffocation in a corn processing plant that stopped production in Wutai County, Shanxi Province, and it was initially judged as carbon monoxide poisoning.

Shandong Taishan Football Club responded that some fans were "cheated in purchasing tickets": the public security has been involved in the investigation.

The network said that 300 yuan was rewarded for reporting that the vehicle occupied the emergency lane, and took 10 cars in 1 minute, which was equivalent to earning 3,000 yuan. Highway police response: it is hype, and there are upper limits for reporting rewards in different regions.

The criminals used Professor Huang Yiping’s name to recommend stocks, and the National Development Institute of Peking University reported the case.

The police responded to the theft of Zhongyuan Midi Music Festival in Nanyang, Henan Province: the suspect has not been arrested yet, and the owner will be contacted once the items are recovered.

Populus euphratica forest scenic spot in Alashan League, Inner Mongolia is occupied by informed criticism: insufficient transportation capacity leads to congestion. The local cultural tourism bureau said that it had been rectified, and the number of car ferry increased from 40 to 140.

Education not only gives people a symbol, but also transforms themselves, such as broadening their horizons, enriching their knowledge and expanding their communication. These are not completely related to employment and belong to non-utilitarian "useless use", but "useless use" is not the value of education, at least it can make a person open and calm.

— — The Paper’s review immediately | Dr. Chinese Academy of Sciences resigned to open a homestay, wasting his education again? 》

During the Mid-Autumn Festival and the National Day holiday, tourists who came to the Badaling Great Wall Scenic Area in Beijing to "punch in" came in an endless stream.

In the autumn of October, farmers all over the country are busy grabbing harvest and sun, and there is a busy harvest scene in the fields.

When she was a child, she was disobedient, and her mother sent her to practice boxing. Now she plays an Asian Games champion.

On October 3rd, the women’s boxing 50 kg final of Hangzhou Asian Games was held in Hangzhou Gymnasium. China’s Wu Yu beat Thailand’s Chutama Lasha 5-0 to win the gold medal, which was also the first boxing gold medal produced in this Asian Games.

See you at 8 o’clock tomorrow!

Editor in charge: Xing Sixin

Editor: Zhen Tao

From "Pirate" to "Defender" —— On the Internal Logic of American Safeguarding Hegemony by Protecting Intellectual Property Rights

  Xinhua News Agency, Beijing, July 24th (International Observation) From "Pirates" to "Defenders" — — At the end, the inherent logic of the United States to safeguard hegemony under the pretext of protecting intellectual property rights

  Xinhua News Agency reporter Su Liang

  Encourage discovery and invention, protect innovation, and promote the application of science and technology — — This is the proper meaning of protecting intellectual property rights; Maximize economic and social benefits, improve the quality of human life, and promote global common development — — This is the ultimate goal of protecting intellectual property rights.

  However, as a country with the first-Mover advantage in technology, the United States has long instrumentalized and politicized the protection of intellectual property rights, and often suppressed other countries with measures such as long-arm jurisdiction and high tariffs, in order to seek its own self-interest, consolidate its hegemony, and deter the development and progress of other countries, especially emerging countries.

  From "cutting corners" in the early days to "bullying" now, the United States has changed from a "pirate" to a so-called "guardian", monopolizing in the name of protection, with the fundamental purpose of maximizing self-interest. Many experts pointed out that the intellectual property policy of the United States pursues pragmatism, protectionism and hegemonism, which goes against the original intention of the international intellectual property protection system.

  Building the number one industrial power with "stolen property rights"

  Intellectual property protection in the United States has a disgraceful past. The United States, which is now always pointing fingers at other countries, was once a hotbed of global intellectual property theft. Peter Andreas, a professor at the Watson Institute of International and Public Affairs at Brown University in the United States, said that the United States only became a "defender" of intellectual property protection after becoming a leading industrial power.

  Samuel slater, who enjoys the reputation of "the father of the American industrial revolution", was once an apprentice of a British textile mill. He brought the advanced hydraulic spinning machine technology to the United States in violation of British law and was denounced as a "traitor" by his hometown people. Boston businessman Francis cabot Lowell stole power loom technology from a British factory and successfully "copied" it in the United States.

  In the early days of the founding of the People’s Republic of China, American political elites not only refused to steal advanced European technology, but also openly advocated and supported it. Washington, the founding president of the United States, lavished praise on Thomas Digges, an American commercial spy who had been imprisoned in Britain for many times, saying that he was "not only friendly, but also full of enthusiasm". Washington also recommended British businessman Howell to set up a factory in Virginia, USA, specifically urging the governor not to disclose Howell’s name to avoid "getting into trouble" for the latter in Britain.

  Hamilton, the first US Treasury Secretary, claimed in the far-reaching Report on Manufacturing that the export ban of advanced technology in European countries was "selfish" and "exclusive", and also said that people who brought "technical improvements and secrets with extraordinary value" to the United States should be encouraged.

  Doreen Ben-Atal, a professor of history at Fordham University in the United States, lamented that the American industrial revolution was "born of stolen property rights".

  Although the United States enacted a copyright law and set up a patent office a long time ago, it lacked the will and means to supervise the authenticity of the application, and only relied on individuals to "swear" and did not protect the rights of foreigners. Pat Choate, an American political economist, believes that the United States at that time was a "super refuge" for global industrial pirates to evade legal accountability.

  The United States was once a big country of book piracy, and even libraries and bookstores were full of pirated books. Dickens, a great master of English literature in the 19th century, was once a victim of piracy in the United States. He and other well-known British writers jointly petitioned the United States Congress, hoping to stop piracy, but they did not get a serious response, and finally they had to give up.

  In 1886, the Berne Convention for the Protection of Literary and Artistic Works was concluded to safeguard international copyright. Although the United States participated as an observer in the international conference that adopted the convention text, it was not good for the United States to participate in the convention because of the underdeveloped publishing industry in the United States, so the United States did not sign the convention. It was not until 1989, more than one hundred years later, that the United States finally joined the convention.

  Promoting the maximization of American interests with "American standards"

  One of the important tools for the United States to consolidate its economic first-Mover advantage and global hegemony is to push the "American standard" for intellectual property protection. The United States began to incorporate intellectual property protection into its hegemonic tool in the 1980s. At that time, Japan’s technology and economy developed rapidly and maintained a trade surplus with the United States for a long time, which made the United States feel a sense of crisis about its global competitiveness.

  In 1985, the US President’s Commission on Industrial Competitiveness emphasized in a report that in order to give full play to the advantages of the United States, intellectual property protection should be a priority on the policy agenda. Not only expand the scope of intellectual property protection in the United States, but also promote America’s trading partners — — Especially in newly industrialized countries — — Obey American rules.

  That is to say, the essence of intellectual property protection in the United States is to maintain its dominant position in international trade. Therefore, the United States has included the so-called "protection of intellectual property rights" with "market access", "manipulation of exchange rate", "anti-dumping" and "countervailing" in the "toolbox" to safeguard its global hegemony. On the basis of Article 301 of the United States Trade Act of 1974, the Comprehensive Trade and Competition Act of 1988 established "Special Section 301" specifically for intellectual property issues. This provision stipulates that the US Trade Representative has the right to evaluate whether other countries fully protect US intellectual property rights and take retaliatory measures.

  Experts say that the United States ostensibly aims to protect the legitimate interests of intellectual property owners, but because it has the power to define "legitimate interests", it is actually safeguarding its global economic hegemony by forcing other countries to abide by American laws and implement long-arm jurisdiction.

  As soon as the relevant policies were introduced, the United States "started" Brazil, the largest economy in Latin America. In order to support the infringement allegations of American pharmaceutical interest groups, the United States imposed tariffs on some Brazilian products exported to the United States in the late 1980s, and prevented Brazil from appealing under the framework of GATT, forcing Brazil to amend its domestic laws to safeguard the interests of American enterprises.

  In the Japan-US trade negotiations, Japan also had to make a commitment to protect the intellectual property rights of American enterprises. Some analysts pointed out that being forced to adopt the "American standard" is one of the important reasons for the decline of Japan’s economy.

  The United States not only forces its trading partners to apply "American standards", but also tries to promote "American standards" for the protection of intellectual property rights in international mechanisms. The United States, together with developed countries, included the issue of intellectual property rights in the Uruguay Round of GATT negotiations and promoted the conclusion of the Agreement on Trade-related Aspects of Intellectual Property Rights (TRIPS). TRIPS adopts a "one-size-fits-all" model for intellectual property protection standards of countries with different levels of development, and its achievement is regarded as the internationalization of "Special Section 301" in the United States.

  The United States promotes intellectual property protection in the international arena, not simply to maintain innovation or promote progress, but more to impose "American standards" on countries with different levels of development, transfer the benefits due to developing countries to developed countries, and promote the maximization of American interests.

  Building technical barriers to deter the development of emerging countries

  In today’s world, multi-polarization and globalization are developing in depth, and emerging markets and developing countries are rising in groups, which has become a universal aspiration to promote the development of the global intellectual property governance system in a more just and reasonable direction. In this context, the United States attempts to plan a "higher standard" and more exclusive intellectual property system to consolidate its monopoly position and deter the development of emerging and developing countries.

  Ben Atal is the author of Trade Secrets: Knowledge Theft and the Origin of American Industrial Power. In his book, he pointed out that the logic of protecting intellectual property rights in the United States and other countries is hegemonism. In the past few decades, developed countries such as the United States have transferred industries with high pollution and high labor costs to developing countries, and their economic focus has focused on high-tech industries and services, so they have paid more attention to maintaining "knowledge capital."

  The United States is not satisfied with the benefits brought by TRIPS, and even criticizes the provisions for ensuring underdeveloped countries to obtain medical technology and medicines as "loopholes in intellectual property protection" and seeks to establish a more stringent multilateral intellectual property mechanism.

  After long-term closed-door negotiations, western countries led by the United States reached an agreement on the Anti-Counterfeiting Trade Agreement in 2011. The agreement improves the standards of intellectual property protection under TRIPS in many aspects, and once it comes into effect in the future, it will seriously infringe on the interests of developing countries under the transmission of international trade mechanism. In addition, the US-led "US-Mexico-Canada Agreement" (the US-Mexico-Canada Agreement) has also made a big fuss about intellectual property rights.

  Taking long-arm jurisdiction and high tariffs are the unilateral measures used by the United States in the field of intellectual property. The Protection of Intellectual Property Rights in the United States Act of 2022, promulgated in January this year, once again expanded the scope and means of intellectual property protection and strengthened the optional sanctions.

  In the field of intellectual property protection, the United States has set up obstacles for developing countries, the essence of which is to "lock" developing countries at the bottom of the global industrial chain and value chain. John barton, a late professor at Stanford University Law School in the United States, told the media before his death that putting an end to the imitation strategy of developing countries through intellectual property rules "will completely narrow their choice to realize economic take-off".

  Under the guidance of this policy, American enterprises have long been accustomed to the "circle-knowing movement". Abuse of rules in various countries, extraordinary large number of patent applications, and even trademark applications for common words, have extended the definition of basic patents to conceptual principles and operating methods, resulting in unnecessary expansion of the concept of intellectual property rights and more complicated intellectual property disputes.

  From "pirates" to so-called "guardians", the internal logic of the United States has never changed. Stealing textile technology is to seek commercial interests and develop the domestic economy; The use of intellectual property rules to restrict the use of advanced technology by emerging countries and developing countries is also to serve the interests of the United States, maintain the first-Mover advantage and maintain global hegemony. The relevant practices of the United States distort the original intention of protecting intellectual property rights, which is not only not conducive to promoting innovation and progress, but also creates obstacles to global innovation and development. Hegemonism in the name of protecting intellectual property rights fully exposes the hypocritical nature of American "guardians."