In recent years, a new round of domestic consumption represented by "new domestic products" has risen in an all-round way, which is inseparable from China’s entry into a high-quality development stage. Generally speaking, new domestic products have entered a new stage of explosive growth, becoming a new engine for upgrading consumption and providing a new path for a high-level dynamic balance between supply and demand in the digital economy era. However, we should also see that the competitiveness of new domestic products in the mid-to high-end market still needs to be improved, the construction of "three products" ("increasing varieties, creating brands and improving quality") needs to be improved urgently, and the market environment and policy support are still not perfect. How to seize the rising opportunity of new domestic consumption and promote the development of domestic brands to a higher level? It is an urgent problem to think about.　

First, new domestic products have entered a new stage of explosive growth.

New domestic products are a series of original brands and old brands that have emerged in China market in recent years. The main goal is to meet the upgrading of residents’ consumption, and digital technology and digital management are the main means. It is a new growth point of consumption with distinctive characteristics of the digital economy era.

(A) Multi-field concurrent, driving the upgrading of household consumption in an increasingly wide range of fields.

The new domestic products cover more and more areas of residents’ daily consumption. In 2020, the top 20 new domestic brands will cover 10 areas of life consumption, such as mobile phones, clothing accessories, smart cars, smart homes, smart hardware, food, drinks, maternal and child, home, beauty and personal care. In 2020, the sales scale of the top 20 brands of new domestic products averaged 22.2 billion yuan, with an average year-on-year growth rate of 229%; The top 100 brands have been established for about 6 years on average, and the average sales scale has reached 5.4 billion yuan.

(B) High-frequency new hair, the leading role in consumer innovation has been highlighted.

The fashion leading force of new domestic products is constantly rising, which has become an important part of "first store economy" and "first economy". According to the survey, there will be more than 390 first-store brands in China in 2020, of which domestic brands (including Hong Kong, Macao and Taiwan) will account for about 70%, up about 10 percentage points from 2019. New domestic products have gradually become the characteristics and highlights of China’s international consumption center city construction. Taking Guangzhou as an example, among the 53 national first stores in 2020, 47 are new domestic products, accounting for 88.7%.

(C) short-term outbreak, the supply capacity to meet the consumption upgrade continued to improve.

Shortening the innovation cycle promotes the continuous improvement of the supply capacity of new domestic products. According to statistics, in 2020, the top 100 brands of new domestic products were basically established within 10 years, with an average of about 3 years. Some brands achieved explosive sales growth in less than 2 years. For example, the brand "Perfect Diary", a new domestic beauty brand established in 2016, achieved sales revenue of over 100 million yuan in the "618" shopping festival in 2021; The revenue growth rate of Yuanqi Forest, an emerging beverage with "0 sugar" as its selling point, will reach 309% in 2020, which is 8 times that of Coca-Cola.

Second, new domestic products have become the new engine for upgrading consumption.

In recent years, in line with the trend and demand of upgrading residents’ consumption, new domestic products have rapidly developed on the basis of the online retail market, and have emerged in all aspects of consumption fields such as clothing, food, housing, transportation and use. Generally speaking, the consumption of new domestic products shows the characteristics of rapid increase in market share, expansion of market incremental contribution and increasingly strong consumption vitality, which injects powerful new kinetic energy into consumption upgrading.

(1) The attention and market share of new domestic products have increased rapidly.

The attention of new domestic products continues to increase, and the market share is rapidly approaching and surpassing international brands. From 2016 to 2021, the attention of domestic products has been completely reversed in five years, and consumers’ attention to domestic products has changed from 10 percentage points lower than that of international brands to 50 percentage points higher than that of international brands (see Figure 1). Take FMCG industry as an example. According to the survey, in 80% market segments, the market share of domestic products exceeds that of international brands. Especially in the online retail market, the consumption of new domestic products is growing faster. In the online retail market in 2019, the market share of new domestic products reached 72%. In some market segments such as home appliances and food, the market share of new domestic products is as high as 80%.

Figure 1 Changes of domestic brands’ attention from 2016 to 2021

Source: Baidu & People’s Daily Online "2021 National Tide Pride Search Big Data Report"

(B) New domestic products have created more consumer market increments.

New domestic products have become an important source of incremental consumption market. According to statistics, in 2018, new domestic products contributed 76% of the growth of China FMCG market, which was 52% higher than that of international brands. In some large-scale e-commerce platforms, the contribution of new domestic products to the market increment is rapidly increasing. Research shows that the contribution of new categories to the market increment reached 44.8% in 2019, an increase of 15.2 percentage points over 2018. In addition, the active consumption of new domestic products has also attracted more social capital investment.

(C) Youth groups pay more attention to the new domestic products, which greatly drive the consumption vitality.

The improvement of China’s comprehensive national strength, the staged victory in epidemic prevention and control, and the achievements in safeguarding national enterprises represented by Huawei have greatly encouraged consumers, especially young people, to feel patriotic and identify with domestic products. In 2020, among the age distributions concerned by "National Tide", the post-80s, post-90s and post-00s accounted for 16.9%, 48.6% and 25.8% respectively, making a total of 91.3%. According to the survey, 90.7% of consumers are more willing to support domestic products, 64.5% will give priority to buying domestic products, 61.4% will pay special attention to whether the brand they choose is domestic products, and 56.7% will persuade their relatives and friends to support domestic products.

Third, new domestic products provide a new path for the dynamic balance between supply and demand in the digital economy era

Behind the rapid development of new domestic consumption is the interactive docking of manufacturing enterprises, brand enterprises and e-commerce platforms in China, which uses digital technology to reconstruct the supply chain of production, circulation and consumption, builds a new development model of accurately identifying demand, efficiently organizing production and quickly docking the market, and walks out of a new path of supply and demand matching and dynamic balance in the digital economy era.

(1) Fully tap the value of big data elements, and accurately understand and tap new demands.

Big data is a new production factor for new domestic products to gain insight into consumption trends, capture consumer demand and create consumer markets. Traditional commercial and retail enterprises focus on traditional factors such as land, manpower and capital, and their ability to use big data production factors is not strong, resulting in inefficient matching between supply and demand. E-commerce platform has become an important market information and consumer intelligence hub in the digital economy era. The innovation and development of new domestic products closely rely on digital channels such as e-commerce platform, social platform and live broadcast. Through the analysis and mining of big data information, we can accurately identify new demand and create new supply, thus constantly discovering new market opportunities. For example, a cutting-edge sparkling wine brand tested 14 new products on 10,000 consumers in four months by using the digital platform, and finally the listed products achieved far more sales than expected.

(B) to build Internet traffic operation capabilities, and quickly spread and connect with new markets.

For a long time, relying on the advantages of capital and experience, international brands seized and controlled the superior commercial circulation channels, and did not open them to domestic brands, resulting in domestic products being at a disadvantage in market competition. As China’s e-commerce market has become the most innovative and largest market in the world, new domestic products have seized the opportunity to establish a mature Internet "traffic" operation capability in the market competition, and created new marketing models that directly reach consumers, including social e-commerce, live broadcast and short video operation, and built new advantages for domestic brands in modern circulation. It is found that some international brands that have withdrawn from the China market in recent years have reserved their marketing departments to learn from China’s digital marketing model.

(C) the construction of a digital supply chain system, efficient coordination and organization of new supply　　　　

Digital supply chain system includes production organization and service innovation. On the one hand, foundries with high-quality manufacturing capabilities accelerate their docking with the domestic market with the help of new domestic products. As an important intermediate link, platform enterprises help foundries to connect brands and consumers, realize digital transformation and improve their ability to respond quickly to market demand. For example, a large-scale e-commerce platform quickly organized production and hatched a number of new domestic brands in response to the consumption boom of "small household appliances" such as "one-person food". Last year, the sales volume during the epidemic increased by 5-20 times compared with the same period of last year. On the other hand, the connotation of digital services supporting the development of new domestic products is constantly innovating and expanding. For example, the number of multi-channel network (MCN) organizations providing integrated digital services has rapidly developed from 160 in 2015 to more than 20,000 in 2020, which has helped the "online celebrity economy" to grow and develop. The digital supply chain system has changed the development mode of low-price competition in the past, supported new domestic products to move towards the high end of the value chain and quickly seize the middle and high-end market share. According to statistics, in 2020, the market share of new domestic products will reach 24.2%, 30.9%, 51.9%, 46.7% and 41.9% for the mid-to high-end products in the online market segments such as household appliances, food, medical care, culture and entertainment, and 3C digital products.

Fourth, the problems and obstacles faced by the development of new domestic products

New domestic products are still in the early stage of development, and the competitiveness of high-end markets at home and abroad still has much room for improvement. The ability to build "three products" is insufficient, the market environment and policy support are still not perfect, and sustainable development and lasting operation still need to be tested.

(A) the competitiveness of new domestic products in high-end markets at home and abroad is still insufficient.

At present, except for some fields such as food and beverage, cosmetics and clothing, the international competitiveness of new domestic products is still not strong in areas such as milk powder, luxury goods, high-end electronic products, health care products, etc., where the threshold for R&D investment is high and consumers demand higher, and there is still a large-scale consumption outflow every year. In addition, the recognition of new domestic products in some fields in the domestic market is not high. From the sales situation of the two e-commerce shopping festivals of "double 11" and "618" in the past two years, among the top 20 brands in cosmetics sales, new domestic products only account for 3; There are no new domestic products in the top 10 brands of milk powder. For some new domestic products whose quality is close to the international first line, there is still a big gap in investment in product research and development, brand management and human capital accumulation, especially in the construction of design talents, marketing talents and operation talents.

(B) New domestic products "three products" building capacity needs to be improved

There is still a big gap between the development of new domestic products and the international advanced level in the construction of "variety, quality and brand", and the effective supply capacity and level are still difficult to fully meet and fully adapt to the needs of consumption upgrading. In terms of varieties, large-scale enterprises lead the product design innovation, and a large number of small and medium-sized enterprises follow the imitation, and the original ability needs to be strengthened. In terms of quality, the foundry has formed a strong path dependence on OEM production and processing trade mode, and the release of manufacturing capacity to the domestic market is still insufficient; The concept of "small profits but quick turnover" and the self-positioning of "big brand replacement" of domestic brands are still deeply rooted. Some brands regard the national tide as a gimmick and ignore the improvement of quality connotation. On the brand, the marketing mode is mainly "explosive" marketing, lacking the long-term planning of building the overall image of the brand. Some brands rely too much on the domestic market and lack the awareness, vision and confidence of international development. In addition, the disorderly expansion and blind follow-up of capital have also contributed to short-sighted behaviors such as low-price competition and false propaganda.

(C) the market environment to promote healthy competition needs to be improved.

Small and medium-sized enterprises are the main players in the market of new domestic products, which are prone to low-level competition and unfair competition such as shoddy and false propaganda. For new brands and products, there is a problem of "one product is hot, and thousands of people copy it", so the protection of intellectual property rights and trade secrets needs to be strengthened urgently. The technical standard system lags behind the product production iteration, and some cross-border products lack relevant technical standards formulated by relevant departments and associations. The profit of some enterprises’ new products dropped from 80% to 10% within one year, which affected the continuous innovation power of enterprises. Due to the fast iterative speed of updating new domestic products, the accumulation of business information and credit information of enterprises is relatively insufficient, and the supervision cost is relatively high. At the same time, due to the rapid innovation of online marketing model, there are still a lot of regulatory gaps in the fields of live delivery and social e-commerce, and the collaborative governance model of government departments, platforms, industry associations and consumers is far from being established. Once the quality and food safety risks of "explosive models" appear, they will spread rapidly and widely, which will greatly impact consumer confidence.

(D) insufficient policy synergy to support the development of new domestic products

Globally, in order to support domestic brands to become bigger and stronger and go global, governments all over the world attach great importance to planning systematic policies covering production, circulation and consumption. Take South Korea as an example. In order to promote Korean local perfumes and cosmetics, the South Korean government requires duty-free shops to sell domestic cosmetics in at least one third of the area. At present, cosmetics account for over 50% of the total sales of duty-free shops in South Korea, and domestic cosmetics account for half of the total sales of cosmetics. At the same time, the South Korean government issued a cultural industry development plan, and implanted the brand into film and television cultural works, forming a good publicity and driving role. China doesn’t give much consideration to new domestic products in the planning of cultural tourism, activity promotion and business development, and the efforts to support domestic products by using the tax-free policy system are not strong.　

V. Policy suggestions

(A) to speed up the implementation of the "three products" upgrade strategy to enhance the quality of new domestic products.

On the basis of the original "three products" policy, we will implement the "three products" upgrade strategy, guide market participants to enhance the added value and soft power of products, and promote the "quality revolution." We will build a number of high-level laboratories for quality control and technical evaluation of consumer goods, accelerate the development of third-party quality inspection and certification services, and explore the establishment of a special certification system for quality traceability management systems. Strengthen competition behavior supervision, food safety supervision and quality supervision of new channels such as live e-commerce and social e-commerce. Improve the construction of relevant standards system for new domestic products, and promote the quality improvement and standardized development of domestic products.

(2) Accelerate the construction of an international consumption center city and create a number of world-renowned new domestic brands.

Take the brand of new domestic products as the focus of starting economy and first store economy, and form a benign mutual promotion between new domestic products and the development of international consumption center cities. Support domestic brands to enter world-class business circles, create new consumption scenes of domestic products in the upgrading of commercial streets, organize a series of distinctive new domestic products consumption promotion activities, and create a good domestic products business infrastructure and consumption atmosphere. Promote the integrated development of new domestic consumption and cultural tourism, and enhance the regional cultural characteristics and cultural connotation of new domestic brands.

(3) Actively explore the innovation of fiscal and taxation policies and enhance the incentives for the innovation and development of new domestic products.

Support domestic products to enter the duty-free retail market, encourage duty-free shops to sell more domestic brands, guide relevant enterprises to develop high-quality domestic products with special characteristics for duty-free channels, and build duty-free shops into an important platform to support domestic products, display their own brands and spread national traditional culture.

(4) Support new domestic products to go to sea and encourage new domestic products to continuously expand market space.

Support new domestic products to carry out cross-border e-commerce cooperation, lay out overseas warehouses, expand overseas supply chains, and promote the supervision mode of cross-border e-commerce enterprises exporting directly to enterprises and cross-border e-commerce exporting overseas warehouses to be applied nationwide. Support new domestic enterprises to cooperate with international brand enterprises in the form of equity participation, stock exchange and mergers and acquisitions, and improve the international operation ability of domestic brands. Strengthen the application of international law and enhance the ability to use international rules to safeguard the legitimate rights and interests of domestic brands in overseas operations.

(5) Strengthen publicity and support to promote the enthusiasm of "domestic consumption".

Set up the promotion content of new domestic products in publicity platforms such as "Double-product Shopping Festival" and "China Brand Day". Carry out a series of reports on domestic brands through multiple channels, introduce the development of various categories of domestic products, highlight the quality of domestic products, convey the spirit of domestic products, unite the brand identity of the people who love domestic products, and empower the brand building of domestic products. Analyze and tell the charm and advantages of "domestic products" from the perspective of the younger generation, improve consumers’ awareness and loyalty to their own brands, and enhance the pride of the people in buying new domestic products.

(The authors Wang Nian and Li Hanqing are both associate researchers of the Institute of Market Economy of the State Council Development Research Center, Su Nuoya is an assistant researcher of the Institute of Market Economy of the State Council Development Research Center, and Wei Wang is the director and researcher of the Institute of Market Economy of the State Council Development Research Center).

　　◆ On March 6, 2022, General Secretary of the Supreme Leader visited the members of the agricultural sector, social welfare and social security sector who attended the Fifth Session of the 13th Chinese People’s Political Consultative Conference, and participated in the joint meeting to listen to opinions and suggestions. He stressed that it is necessary to continue to exert efforts to promote the high-quality development of social security, weave a social security safety net, and ensure the well-being of the people.

　　◆ China has basically established a fully functional social security system with social insurance as the main body, including social assistance, social welfare and social preferential treatment. The basic medical insurance covers 1.36 billion people, the basic old-age insurance covers 1.03 billion people and the industrial injury insurance covers 280 million people, making it the largest social security system in the world.

　　◆ China has completed the course that many western countries have gone through for more than 100 years in decades, and successfully built a social security system with distinctive China characteristics.

　　◆ In 2013, 27-year-old Jin Rainbow came here and became a grassroots labor security assistant. After more than two years, she went over mountains and went door to door to visit and preach, and the participation rate of endowment insurance in Lianghekou Town also increased from 66% to 100%

　　◆ The number of people participating in basic old-age insurance, unemployment insurance and industrial injury insurance in China increased from 788 million, 152 million and 190 million at the end of 2012 to 1.03 billion, 230 million and 280 million at the end of March 2022, respectively.

　　◆ By the end of April, 2022, 57,300 designated medical institutions connected to the Internet were directly settled across provinces, 61,000 designated medical institutions connected to the Internet and 127,300 retail pharmacies were directly settled across provinces.

　　◆ "In the past, I could only go back to my hometown to participate in the old-age insurance for urban and rural residents. Now I can participate in the basic old-age insurance and basic medical insurance for enterprise employees in Shenzhen in my personal capacity. The treatment is higher and more in line with the actual needs. I am ready to participate in the insurance."

　　◆ Insist on doing our best and doing what we can, continuously improve the level of social security on the basis of sustainable economic and financial growth, and promote the high-quality and sustainable development of China’s social security cause.

　　Everything is long, and people’s livelihood is great.

　　Social security is the basic institutional guarantee to protect and improve people’s livelihood, safeguard social equity and enhance people’s well-being, and it is also an important institutional arrangement to promote economic and social development and realize that the broad masses of the people share the fruits of reform and development.

　　Since the 18th National Congress of the Communist Party of China, the CPC Central Committee with the Supreme Leader as the core has taken universal coverage of social security as the goal of building a well-off society in an all-round way, put the construction of social security system in a more prominent position, adhered to full coverage, guaranteed basic, multi-level and sustainable, made a series of major decisions and arrangements, and pushed the construction of China’s social security system into the fast lane.

　　China has basically established a fully functional social security system with social insurance as the main body, including social assistance, social welfare and social preferential treatment. The basic medical insurance covers 1.36 billion people, the basic old-age insurance covers 1.03 billion people and the industrial injury insurance covers 280 million people, making it the largest social security system in the world. This provides a more reliable and sufficient guarantee for the broad masses of the people and provides favorable conditions for building a well-off society in an all-round way as scheduled.

　　On March 6, 2022, General Secretary of the Supreme Leader visited the members of the agricultural sector, social welfare and social security sector who attended the Fifth Session of the 13th Chinese People’s Political Consultative Conference, and participated in the joint meeting to listen to opinions and suggestions. He stressed that it is necessary to continue to exert efforts to promote the high-quality development of social security, weave a social security safety net, and ensure the well-being of the people.

　　"The General Secretary of the Supreme Leader attaches great importance to the construction of the social security system, further clarifies the significance of social security and points out the next direction for us." Mo Rong, president of the Chinese Academy of Labor and Social Security, said.

　　On May 12, 2022, the nurse of the Second Affiliated Hospital of Southern Medical University comforted the little patient Ji Chunpeng who was preparing for the examination.

　　The social security system has distinctive features.

　　Since the 18th National Congress of the Communist Party of China, China’s social security system has entered a period of the greatest reform, the fastest development and the widest coverage.

　　China has completed the course that many western countries have gone through for more than 100 years in decades, and successfully built a social security system with distinctive China characteristics. The International Social Security Association awarded the "Outstanding Achievement Award of Social Security" to the government of China, and spoke highly of China’s great achievements in expanding the coverage of social security.

　　Institutional reform has been deepened. Since the 18th National Congress of the Communist Party of China, the Politburo meeting of the Chinese Communist Party and The Politburo Standing Committee (PSC) Conferences, the Central Committee for Comprehensively Deepening Reform and other conferences have repeatedly studied and deliberated the overall plan for reforming and improving the basic old-age insurance system and the opinions on deepening the reform of the medical security system, and made a top-level design for the construction of China’s social security system, with a series of major reforms progressing steadily and in depth — —

　　Unify the old-age insurance system for urban and rural residents, realize the integration of the old-age insurance system for government agencies, institutions and enterprises, and form two institutional platforms for employee pension and resident pension, filling the institutional gap of some groups lacking protection;

　　Integrate the basic medical insurance system for urban and rural residents, fully implement the serious illness insurance for urban and rural residents, set up the national medical insurance bureau, and jointly promote the "three medical linkages";

　　Establish and improve the central adjustment system of the basic old-age insurance fund for enterprise employees, balance the structural contradictions among provinces, and ease the pressure of fund payment in the central and western regions and old industrial bases;

　　Unifying the unit rate of old-age insurance and fully realizing the provincial-level co-ordination of old-age insurance have created conditions for mutual assistance in a wider scope and laid the foundation for the implementation of national co-ordination;

　　The construction of the trinity system of prevention, rehabilitation and compensation of industrial injury insurance has been actively promoted, and the functions of unemployment insurance to protect life, prevent unemployment and promote employment have been further highlighted … …

　　"The design of the social security system has been continuously improved, and the systematicness, integrity and synergy of the reform have been further enhanced. The people, regardless of urban and rural areas, regions, gender and occupations, have corresponding institutional guarantees in the face of risks such as old age, illness, unemployment, work injury, disability and poverty." Chu Fuling, director of the Social Security Research Center of the Central University of Finance and Economics, said.

　　Weave the world’s largest social security network. Xiaojin County, Aba Prefecture, Sichuan Province was once a national poverty-stricken county, and Lianghekou Town is one of the most remote towns in Xiaojin County. In 2013, 27-year-old Jin Rainbow came here and became a grassroots labor security assistant. In the following two years, she went over the mountains and went door to door to visit and preach, and the participation rate of endowment insurance in Lianghekou Town also increased from 66% to 100%.

　　Since the 18th National Congress of the Communist Party of China, around the goal of universal coverage and social security for all, China has vigorously implemented the universal enrollment plan and accurately promoted the enrollment of key groups. Thanks to the joint efforts of countless grassroots workers like Jin Rainbow, China has established the social security system with the largest number of people in the world, and established a national insurance database covering 1.39 billion people.

　　The number of people participating in basic old-age insurance, unemployment insurance and industrial injury insurance in China increased from 788 million, 152 million and 190 million at the end of 2012 to 1.03 billion, 230 million and 280 million at the end of March 2022, respectively. Nearly 100 million poor people have access to basic medical care, and 60.98 million poor people who have set up files and established cards have participated in basic old-age insurance, and the participation rate has stabilized at over 99.99%, basically achieving all the insurance coverage.

　　In Fishery Village, Chenxi County, Huaihua City, Hunan Province, all 148 villagers who used to make a living by fishing went ashore. Lv Jinzhen, a 75-year-old fisherman, can now get a monthly pension of 1,680 yuan and enjoy medical insurance benefits.

　　In recent years, the relevant departments have done a good job in the old-age insurance for fishermen who have been retired from the Yangtze River and landless farmers, and continued to promote the full coverage of basic medical care and old-age insurance. About 172,000 fishermen who have been retired from key waters have participated in the basic old-age insurance, promoting the coverage of this world’s largest social security network. Continue to expand.

　　The support capacity has been significantly improved. Since the 18th National Congress of the Communist Party of China, the income and expenditure scale of China’s social security fund has been increasing, and the fund’s support and guarantee capacity has been significantly improved.

　　In 2021, the total income and expenditure of China’s basic medical insurance fund (including maternity insurance) were 2.87 trillion yuan and 2.4 trillion yuan respectively. By the end of 2021, the accumulated balance was 3.61 trillion yuan, benefiting more than 4 billion people to seek medical treatment, which played an important role in solving the problem of difficult and expensive medical treatment for the masses, supporting the development of medical and health undertakings, maintaining social stability and promoting common prosperity.

　　By the end of March 2022, the accumulated balance of three social insurance funds, namely basic pension, unemployment and work injury, was 7.18 trillion yuan, and the fund operation was generally stable. Steadily carry out the investment and operation of the basic old-age insurance fund. By the end of 2021, the entrusted contract scale of the pension fund exceeded 1.5 trillion yuan, the annual investment income was more than 63 billion yuan, and the accumulated investment income was more than 260 billion yuan, with an average annual investment return rate close to 6.5%, which promoted the preservation and appreciation of the fund on the premise of ensuring safety.

　　In response to the aging population, China has continuously increased the strategic reserve of the national social security fund. At present, the fund’s rights and interests are about 2.5 trillion yuan, and the total state-owned capital of central enterprises and central financial institutions has been transferred to 1.68 trillion yuan.

　　In response to the COVID-19 epidemic examination, the medical insurance fund pre-allocated special funds exceeding 20 billion yuan, to ensure that patients are not affected by the cost problem, to ensure that hospitals are not affected by the payment policy, to quickly raise and pre-allocate funds for vaccine procurement, and to vaccinate more than 3.4 billion doses.

　　The system is becoming more and more perfect, the fund runs smoothly, and the system is safe and sustainable. In the past ten years, China’s social security system has been more emboldened to meet the challenges and has a stronger ability to resist risks.

　　Mujintu/Journal

　　Social security stabilizer continues to exert its strength.

　　Social security is a "safety net" and a "stabilizer", which is closely related to people’s happiness and well-being.

　　Since the 18th National Congress of the Communist Party of China, under the strong leadership of the CPC Central Committee with the Supreme Leader as the core, the level of various insurance benefits in China has been steadily improved, and the quality of service has been continuously improved, so that more people can get a sense of security, medical care and help, and play an important role in safeguarding and improving people’s livelihood.

　　Social security benefits have been steadily improved. "It will be issued on time every month, and it will increase by a hundred dollars every year." Speaking of pensions, Hui Dezhang, a retired worker from Xuancheng Building Materials Corporation, Anhui Province, is very satisfied. The old man retired in 1999 and got 399 yuan a month. Now his monthly pension has risen to 3,265 yuan, and it will rise by more than 100 yuan this year.

　　In the past ten years, China has kept the level of social security in line with economic development and steadily improved the level of various social security benefits.

　　The basic pension for retirees has been raised year after year — — The monthly per capita pension of enterprise employees increased from 1686 yuan in 2012 to 2987 yuan in 2021, benefiting more than 130 million retirees.

　　In 2022, the central government has raised the minimum standard of basic pensions for urban and rural residents four times, and all provinces have raised local basic pensions on this basis. In the first half of 2022, 12 provinces have decided to raise local basic pensions. The level of unemployment and work-related injury insurance benefits has steadily improved, and the national average monthly unemployment insurance premium level has increased from 707 yuan in 2012 to 1585 yuan in 2021.

　　The proportion of medical insurance reimbursement continues to increase — — Within the scope of employee medical insurance and residents’ medical insurance policies, the proportion of hospitalization expenses paid is about 80% and 70% respectively. The per capita financial subsidy standard of residents’ medical insurance has been raised from 240 yuan to 610 yuan, benefiting 1 billion urban and rural residents.

　　The people’s medical burden has dropped historically. The state has concentrated on purchasing 6 batches of 234 kinds of drugs with an average price reduction of 53%, and concentrated on purchasing 2 batches of consumables with an average price reduction of over 80%, thus reducing the drug consumption burden by over 500 billion yuan.

　　The bottom guarantee is solid and powerful. Wang Jingjiang, a villager in Dagao Village, Suixi County, Anhui Province, was poor due to illness, and the government paid the old-age insurance premium and arranged public welfare posts for him. "Now I have not only got rid of poverty, but also contracted 30 mu of land in the village, and my life is getting better and better." Wang Jingjiang said.

　　Since the 18th National Congress of the Communist Party of China, relevant departments have paid pension and medical insurance premiums for needy groups, given appropriate priority to poor people in all aspects of social security implementation, such as pension, medical care, work injury, maternity and unemployment, and ensured that all the urban and rural minimum living allowances, people with special difficulties and low-income families should be guaranteed and rescued, and the social security network became stronger and stronger.

　　From 2017 to 2020 alone, the state paid 12.9 billion yuan to urban and rural residents for 119 million person-times. By the end of 2020, a total of 60.98 million poverty-stricken people with established files will participate in the old-age insurance, and 30.14 million poor elderly people will enjoy the old-age insurance benefits for urban and rural residents.

　　Nearly 100 million poor people have achieved basic medical care, and nearly 10 million poor households have achieved accurate poverty alleviation due to illness. After the overall victory in helping the fight against poverty, the protection for those in need is undiminished. In 2021, the state paid 2.68 billion yuan of old-age insurance premiums for urban and rural residents for 23.54 million needy people.

　　"The CPC Central Committee with the Supreme Leader as the core adheres to the people’s supremacy and common prosperity, and regards improving people’s livelihood and welfare and promoting social equity as the fundamental starting point and foothold of developing social security, so that the fruits of reform and development will benefit all people more fairly." Zheng Gongcheng, president of China Social Security Society, said.

　　Service optimization is convenient and efficient. Apply for medical insurance card, cross-provincial medical record, medical insurance reimbursement, and receive unemployment insurance benefits … … Nowadays, more and more social security services can be handled at the "doorstep". Social security affairs that originally required "two places to run" can also be done across regions.

　　Rong Jingfeng, a villager who got rid of poverty in Fengjiadong Village, Shanying Town, Anyang City, Henan Province, has a personal experience: "I am inconvenient to move, and my son suffers from uremia. In the past, I asked the village cadres to drive us to the district medical insurance center to apply for medical insurance reimbursement and medical assistance. Now, you can do it without leaving the village. "

　　By the end of April, 2022, 57,300 designated medical institutions were directly settled across provinces, 61,000 designated medical institutions were directly settled across provinces, and 127,300 retail pharmacies were directly settled across provinces.

　　In addition to doing it nearby and across regions, it can also be done online. After Liu Lingzhi, a retiree from Shijiazhuang, Hebei Province, applied for an electronic social security card, he can scan the code to buy medicines in some pharmacies, and the medical insurance card records and pension payment can be checked online.

　　The number of social security card holders in China has increased from 341 million at the end of 2012 to 1.355 billion. Among them, the total number of applications for electronic social security cards has exceeded 540 million, and 43 businesses, such as receiving pension qualification certification, have achieved "one network" nationwide.

　　Reducing burdens and stabilizing posts to help enterprises develop. Chongqing Jiayang Taxi Co., Ltd. received a stable return fund of 220,000 yuan. Affected by the epidemic, the income of this enterprise with more than 900 employees has decreased significantly. "The support of the government’s real money is conducive to the stable employment of enterprises." Wang Qing, head of the company, said.

　　Since the outbreak of COVID-19, China has implemented an unprecedented combination of "reducing, delaying, returning and supplementing" policies, that is, continuing to reduce unemployment and work-related injury insurance rates by stages, allowing three social insurance premiums to be postponed by stages according to regulations, improving the standard of returning unemployment insurance to qualified enterprises, making efforts to implement social security subsidies, training subsidies, etc., and making efforts to reduce burdens and relieve difficulties for enterprises, and stabilize and expand their posts.

　　For the unemployed, on the basis of regular payment of living allowance and raising the standard of unemployment insurance, we will implement the policy of expanding the coverage of unemployment insurance, so as to maximize the coverage. From January to May this year, 33.4 billion yuan of unemployment insurance benefits has been distributed to more than 5.6 million insured unemployed people.

　　In 2020, the three social insurances of pension, unemployment and work injury will reduce the burden on enterprises by 1.54 trillion yuan, accounting for 2/3 of the total amount of tax reduction and fee reduction. In 2021, unemployment and work-related injury insurance premiums will be reduced by over 150 billion yuan, unemployment insurance benefits will be paid 102.85 billion yuan, and unemployment insurance will be returned to 23.1 billion yuan. "In 2022, various social security policies are expected to release a policy dividend of 450 billion yuan." Yu Jiadong, Vice Minister of Ministry of Human Resources and Social Security, said.

　　On June 15, 2022, villagers in Buxia Village, Nanma Street, Yiyuan County, Shandong Province rested in the activity square of Minsheng Complex. Since 2021, Yiyuan County has built a multi-in-one people’s livelihood complex with elderly canteens, public bathrooms, central village clinics (convenience pharmacies) and convenience supermarkets as the main bodies, supplemented by other service functions. Photo by Zhu Zheng/This magazine

　　High-quality development of social security

　　There is no end to safeguarding and improving people’s livelihood, only a continuous new starting point.

　　The Fifth Plenary Session of the 19th CPC Central Committee defined the objectives and tasks of improving the multi-level social security system, and the "14th Five-Year Plan" and the long-term goal outline for 2035 drew a blueprint for the future development of China’s social security. In accordance with the planning and deployment, we will continue to deepen reform, strengthen the construction of social security system, persist in doing our best and do what we can, continuously improve the level of social security on the basis of sustainable economic and financial growth, and promote the high-quality and sustainable development of China’s social security cause.

　　Deepen reform and continuously improve the institutional system. Reform and innovation is an inevitable requirement to promote the social security system to be more mature and stereotyped.

　　In April, 2022, the Opinions of the General Office of the State Council on Promoting the Development of Personal Pension was published, and the long-awaited personal pension system was officially released, which will effectively supplement the basic old-age insurance.

　　From January 1, 2022, the basic old-age insurance for enterprise employees was implemented nationwide as a whole. Qi Tao, deputy director of the Department of Endowment Insurance in Ministry of Human Resources and Social Security, said that after the implementation of the national overall planning system, the current surplus and deficiency of inter-regional endowment insurance funds will be adjusted nationwide to ensure that pensions are paid in full and on time, which will solve the structural contradiction of the funds in the system and make the payment of pensions in difficult areas more secure.

　　Accelerate the promotion of provincial-level co-ordination of industrial injury and unemployment insurance, and improve the mutual assistance ability of funds; Continue to expand the scope of mutual assistance and mutual aid of medical insurance funds, and fully realize the unification of systems and policies in the city and prefecture-level overall planning areas; Focus on guiding provinces with good basic conditions to promote provincial-level overall planning of medical insurance; According to the principles of small-step adjustment, flexible implementation, classified promotion and overall consideration, we will actively and steadily promote the gradual delay of the statutory retirement age … … A series of reforms, focusing on the hard bones that restrict the construction of social security system and aiming at breaking the imbalance between regions and the structural contradictions of funds, are being promoted to deep water areas.

　　"The reform of the social security system has entered the stage of system integration, coordination and high efficiency. We must adhere to the unity and standardization of the system, adhere to the problem orientation, accurately grasp the links between reforms in all aspects of social security, social security fields and other related fields, improve overall planning and coordination, promote the legalization of social security, and ensure that all reforms form an overall synergy." Mo Rong said.

　　Highlight key points and strive to achieve universal coverage. In November, 2021, Shenzhen completely abolished the household registration restrictions for flexible employees, which encouraged Liu Xin, a Henan takeaway rider: "In the past, I could only go back to my hometown to participate in the old-age insurance for urban and rural residents, but now I can participate in the basic old-age insurance and basic medical insurance for enterprise employees in Shenzhen in my personal capacity. The treatment is higher and more in line with the actual needs. I am going to participate in the insurance."

　　"Full coverage" means that all residents can participate in the corresponding social insurance and get basic security according to their own conditions, which is one of the basic policies for the construction of China’s social security system.

　　In January 2022, Ministry of Human Resources and Social Security issued the Notice on Launching the Pilot Work of Occupational Injury Protection for Employees with New Employment Forms, and launched the pilot work of occupational injury protection for employees with new employment forms in seven provinces such as Beijing and Hainan, and seven Internet platform enterprises in the fields of travel, take-away and instant delivery, so that take-away riders and online car drivers can enjoy basically the same protection treatment as industrial injury insurance.

　　In addition, accurately implement the national insurance plan, improve the social insurance system for migrant workers, flexible employees and new employees, and promote the widest coverage; Promote small and medium-sized enterprises and key groups to actively participate in insurance and continue to pay fees, and guide more people to participate in insurance for a long time … … A series of measures have brought more people into the social security system, and the construction of a fairer and more sustainable social security system in China has been continuously promoted.

　　Strengthen supervision and keep "pension money" and "life-saving money". Perfecting the supervision system of social security funds in accordance with the law, preventing and resolving fund operation risks and maintaining fund safety are related to every "pension money", "life-saving money" and every "rescue money" and "charity money" of the people.

　　On May 1, 2021, the first medical insurance administrative regulation "Regulations on the Supervision and Management of the Use of Medical Insurance Funds" came into effect, aiming at solving the problems in the supervision and management of the use of medical insurance funds by means of the rule of law and becoming an effective attempt to improve the standardization, standardization and legalization of administrative law enforcement. In less than a year, the new version of "Administrative Supervision Measures for Social Insurance Funds" was promulgated and implemented, focusing on the main risks and key links in the management of social insurance funds, and refining all kinds of fraudulent insurance situations and related legal responsibilities.

　　Since 2018, the medical insurance fund has been fully inspected for three consecutive years and specially rectified for four consecutive years. The cumulative inspection of designated medical institutions has exceeded 2.4 million times, handling nearly 1.15 million times, exposing 120,000 cases, and recovering funds of 58.3 billion yuan. The crackdown is unprecedented. In 2021, the Ministry of Human Resources and Social Security organized a special rectification of the management of social security funds throughout the system, focusing on the problems of internal personnel taking embezzlement and misappropriation of social security funds and external personnel defrauding insurance and taking more money, playing a series of combination punches, organizing on-site inspections in 27 provinces, and seriously investigating violations of laws and regulations that encroach on funds with a "zero tolerance" attitude.

　　On a new journey, social security work will adhere to the people-centered development idea, promote high-quality and sustainable development of social security with greater reform courage and more positive enterprising spirit, continuously enhance people’s sense of acquisition, happiness and security, and lay a solid foundation for people to create a better life.

　　Text | "Outlook" Newsweek reporter Jiang Lin published in the 28th issue of "Outlook" in 2022.

1905 movie network news According to preliminary statistics, the box office in 2016 exceeded 45.7 billion yuan, a slight increase of 3.7% over last year. Although the growth rate has slowed down, looking back on the whole year, the film market in China is still full of bright spots — — The total number of screens reached 41,179, ranking first in the world. In 2016, as many as 85 films were newly released, and the box office exceeded 100 million. Single-chip, single-day, single-week and single-month box office all created the best in history. In particular, the film directed by Stephen Chow has made a box office achievement as high as 3.393 billion yuan, becoming the first film in China to break through the 3 billion yuan mark, and it will also be pulled down, setting a new record in the film history of China. (Note: The box office of this manuscript is preliminary statistics, and the final box office published by the State Administration of Radio, Film and Television shall prevail.)

Single-chip, single-week, single-month and monthly record broke through the 6 billion yuan mark for the first time in February.　

　

Over the years, China’s film industry has been developing rapidly, and the box office has also grown from less than 1 billion yuan in 2002 to 45.7 billion today. In 14 years, the box office has increased 47 times, ranking second in the global film market. In 2010, the growth rate of movie box office reached an unprecedented 64%, and in 2009 and 2015, the growth rate of movie box office in China also remained above 40%.

　

Although the growth rate of the market slowed down in 2016, it was amazing that a single film, a single day, a single week and a single month created a new record in the history of Chinese film. Stephen Chow’s "The Mermaid" grossed 280 million yuan on the opening day, surpassed 310 million on Valentine’s Day, surpassed 1.8 billion in the first seven days, and surpassed 2.439 billion in the 12 days after its release, making it the box office champion in mainland film history. "Mermaid" was also extended for three months, and finally ended with 3.393 billion yuan, accounting for 7.4% of the total box office in China, bringing China movies to a new height of 3 billion yuan.

　

With The Mermaid and the escort of Harmony and Troika, which were released on the same day of the New Year’s Eve, the box office in February directly rushed to a high of 6.89 billion yuan, surpassing the box office of 5.5 billion yuan created in July last year, setting a new monthly box office record, and becoming the first month in the history of mainland film that the box office broke 6 billion yuan. In addition, from February 8 to February 14, a new box office record was set with a box office output of 3.63 billion yuan, which doubled the original record of 1.78 billion yuan (from July 13 to 19, 2015). This year’s single-day box office has reached a new high. On February 8, February 14 and February 9, 2016, it won 646 million, 603 million and 526 million box offices respectively, ranking among the top three in the single-day box office in mainland film history.

　

Domestic film box office 26.6 billion, 85 imported films exceeded 100 million, 5 domestic films broke 1 billion.

　

In 2016, The Mermaid, the Monkey King’s Three Bai Gujing in Journey to the West captured 3.393 billion, 1.532 billion, 1.472 billion, 1.248 billion and 1.202 billion yuan respectively, ranking among the top five highest-grossing movies in 2016. It is worth mentioning that in this year’s movie box office list, the top 10 total box office reached 14.129 billion yuan, accounting for 31% of the total box office in the whole year.

　

In 2016, China produced 772 feature films, 49 cartoons, 24 special films, 67 science and education films and 32 documentary films, totaling 944. This year, the performance of domestic films is also very eye-catching, with the box office reaching 26.6 billion yuan, accounting for 58.3% of the total box office, once again pushing against imported films. A total of 85 newly released films exceeded 100 million yuan at the box office in the whole year (note: the box office of three films has exceeded 100 million yuan this year, but it was not included because it was released last year), including 43 domestic films. Mermaid, Monkey King Thrice Defeats the Skeleton Demon on a Journey to the West, storm riders of Macau and five domestic films are among the 1 billion yuan box office clubs.

　

The overall performance of the schedule is relatively stable, and Valentine’s Day increased by 166%, but the Mid-Autumn Festival National Day file dropped significantly.

　

In 2016, the performance of each schedule was relatively stable. Eight of the 13 major schedules increased compared with last year, and the performance of Valentine’s Day, New Year’s Day and Spring Festival was quite eye-catching. Their growth rates reached 166.93%, 86.98% and 69.51% respectively, ranking first, second and third in this year’s schedule.

　

However, the three major periods of gold absorption — — The performances of Spring Festival, Summer and New Year’s Eve files were not satisfactory, with the summer and New Year’s Eve files both declining slightly, but the three major files still jointly attracted more than 20 billion yuan, accounting for 43% of the total box office. The biggest drop was in Mid-Autumn Festival and National Day, both exceeding 10%. Although "operation mekong", which was released on September 30th, won 1.1 billion yuan at the box office in one fell swoop, it was a good hit, but it was helpless to fight alone, resulting in an increase of 66.5% in the eleventh file last year. This year, it only achieved 1.59 billion yuan at the box office, down 14.64% from 2015.

　

Throughout 2016, after experiencing a record-breaking rapid development in the first quarter, the growth rate of China’s film market slowed down, but the market continued to maintain steady growth, but the whole film market gradually became rational, the quality of domestic films was greatly improved, film talents were constantly emerging, and the audience’s appreciation level was also improved.

　 　In 2017, the film produced by Stephen Chow.、Baoqiang WangDirected debut、Jackie ChanStarring, andChen Kaige、Xiaogang Feng、Ann Hui、Wooping YuenDirected、、、Wait, many domestic films are more exciting.　

　

It is believed that after the baptism in 2016, China films, which turned 112 this year, will continue to make steady progress towards the goal of becoming a film power under the protection of the Film Industry Promotion Law.

Next page: Detailed list of films with box office exceeding 100 million in 2016.

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CCTV News:In the first two months of this year, China’s foreign trade achieved a "good start", highlighting the strong "pulse" of China’s economy, which is inseparable from the efforts of the majority of market players. In Shenzhen, foreign trade "LCL export" is in full swing this year. As the largest international LCL center in South China, the volume of foreign trade "LCL export" of Sinotrans Shenzhen Pinghu Logistics Center increased by 14.57% in the first two months of this year, and the export dynamics showed strong momentum.

In the past two days, there were many truck drivers who came to the warehouse to do the bill in the bill hall of Shenzhen Pinghu Logistics Center of Sinotrans. The master who delivered the goods from Dongguan told the reporter that this year, he obviously felt that the orders were much more than in previous years.

In the first two months of this year, the LCL export volume of Sinotrans Shenzhen Pinghu Logistics Center increased by 14.57% compared with last year, and the number of customs declaration votes increased by 14.77% compared with last year.

What is foreign trade LCL? It refers to the mode of transportation in which goods from different foreign trade enterprises are combined into the same container. The purpose is to make full use of container space by skillfully organizing goods, thus reducing transportation costs and improving transportation efficiency.

Jian Lin Chen, deputy general manager of Sinotrans Shenzhen Pinghu Logistics Center, said that since January and February, the export situation has recovered rapidly and the momentum is strong. Among them, the total export of goods to Southeast Asian countries increased by 22% year-on-year.

The People’s Bank of China issued the "Guide to Payment for Foreigners in China"

On March 14th, the People’s Bank of China issued the Payment Guide for Foreigners in China (hereinafter referred to as the Guide). It is mentioned in the Guide that foreigners who come to China use electronic payment, and transactions below a certain amount are exempt from collecting identity information. In addition, users who hold overseas e-wallets such as Toss Pay can pay directly with their existing wallets without downloading other apps.

According to the Guide, if foreigners in China hold bank cards such as UnionPay, Visa and MasterCard, they can pay by credit card at merchants with corresponding acceptance signs. Among them, UnionPay cards can be used by all merchants with bank card payment acceptance terminals in China.

The Guide also introduces in detail how to use mobile payment. Foreigners in China can choose Alipay, WeChat payment, China Unionpay Quick Pass and other payment products. The guide shows that transactions that do not exceed a certain amount are exempt from collecting identity information. In addition, some overseas e-wallet users in Southeast Asia, Japan, South Korea and other regions, such as Toss Pay, SG, etc., can directly use their existing wallets for payment without downloading other apps.

The CSRC issued four policy documents focusing on "strengthening the foundation" and "strict supervision and management"

On March 15th, the CSRC issued four policy documents, namely, Opinions on Improving the Quality of Listed Companies from the Source by Strict Access to Issuance and Listing (Trial), Opinions on Strengthening the Supervision of Listed Companies (Trial), Opinions on Strengthening the Supervision of Securities Companies and Public Offering of Fund to Accelerate the Construction of First-class Investment Banks and Investment Institutions (Trial) and Opinions on Implementing the Standards of Excellent Political Ability, Excellent Work Style and Comprehensively Strengthening the Construction of the CSRC System. The CSRC stated that it should adhere to the goal orientation and problem orientation, firmly grasp the main line of strengthening supervision, preventing risks and promoting high-quality development, implement the requirements that supervision should be "thorny" and angular, with emphasis on "strengthening the foundation and strengthening the foundation" and "strict supervision and strict management".

Long March 5 Yaoba carrier rocket arrived in Wenchang.

The reporter learned from the National Space Administration that on March 15th, the Long March-5 Yao-8 carrier rocket carrying out the Chang ‘e-6 mission in the fourth phase of the lunar exploration project was delivered to the Wenchang Space Launch Site in China. Subsequently, the rocket will be assembled and tested in the launch site together with the Chang ‘e-6 probe that arrived in advance. At present, the participating systems in the launch site are preparing for the Chang ‘e-6 mission as planned.

Changing "Twin Cities" into "Same City" Hengqin vigorously improves customs clearance efficiency

Hengqin Port is the only entry-exit passage connecting Macao and Hengqin Guangdong-Macao Deep Cooperation Zone, and it is open for customs clearance 24 hours a day. The reporter learned from Zhuhai Hengqin Border Inspection Station that 15 "joint one-stop" passenger and truck lanes of the second phase project of Hengqin Port have been completed and will be opened on March 18th. At that time, 30 vehicle inspection lanes will be put into operation at the port, and the lane capacity will be doubled.

The reporter learned that the new driveway of Hengqin Port adopts the national first vehicle "joint one-stop" inspection system, and implements the vehicle "cooperative inspection and one-time release" customs clearance mode. The five units of Hengqin Border Inspection, Hengqin Customs, Macao Customs, Macao Public Security Police and Macao Health Bureau realize "one-time queuing, centralized collection and linkage release" for inbound and outbound vehicles. Compared with the traditional driveway "two-time queuing and two-time inspection" customs clearance mode, the customs clearance link is greatly simplified.

The reporter learned that since 0: 00 on March 1st, the Hengqin Guangdong-Macao Deep Cooperation Zone has been closed for operation. As of 24: 00 on March 11th, the Hengqin Border Inspection Station has inspected about 710,000 inbound and outbound passengers passing through the "first line", that is, Hengqin Port, and about 74,000 vehicles. The overall traffic flow of inbound and outbound passengers is stable and orderly.

Construction of two major power grid projects started at the same time.

On March 15th, two major power grid projects, namely, the positive and negative 800 kV HVDC transmission project from northern Shaanxi to Anhui and the Yuexi Pumped Storage Power Station in Anhui, started construction at the same time, with a total investment of 28 billion yuan.

UHVDC transmission project from northern Shaanxi to Anhui started.

The positive and negative 800 kV HVDC transmission project from northern Shaanxi to Anhui starts from Yan ‘an, Shaanxi, passes through Henan, and finally reaches Hefei, Anhui. The total length of the line is 1069 kilometers and the transmission capacity is 8 million kilowatts. Two converter stations are built in Yan ‘an, Shaanxi and Hefei, Anhui respectively.

The project is located in Anhui, with rapid economic and social development and strong power demand growth. After the completion of Shaanxi-Anhui UHV project, the power supply capacity of Anhui power grid will be effectively enhanced.

Construction of Yuexi Pumped Storage Power Station in Anhui Province

In addition to this major project, another major project of the State Grid — — Anhui Yuexi Pumped Storage Power Station also started construction on March 15th. Yuexi Pumped Storage Power Station has newly built four 300,000-kilowatt reversible generator sets with a total installed capacity of 1.2 million kilowatts, designed annual power generation of 1.2 billion kWh and annual pumped electricity of 1.6 billion kWh. According to reports, the total investment of the two projects started at the same time today is 28 billion yuan. In 2024, the investment scale of State Grid Corporation will exceed 500 billion yuan.

Since the implementation of the new express delivery regulations, the delivery volume has increased by over 16% year on year.

Nowadays, the newly revised "Measures for the Administration of Express Delivery Market" (hereinafter referred to as "Measures") has been implemented for half a month. According to the data of the State Post Bureau, the overall operation of the industry is stable, and express delivery companies have begun to adjust the performance appraisal method of express delivery brother by region and scene.

According to the latest data of the State Post Bureau, since the implementation of the Measures, March 1 — On the 14th, the average daily delivery volume of the whole network was 443 million pieces, up 16.3% year-on-year. From the perspective of delivery volume, the overall operation of the industry is stable. Express delivery companies optimize delivery services through intelligent voice calls, and the fulfillment rate is improved, and the user experience is further improved.

The reporter learned from the State Post Bureau that express delivery companies are currently adjusting the performance appraisal method of express delivery brother by region and scene. Some companies have already adjusted in place and others are adjusting.

Yangxian County, Shaanxi Province: Seven national first-class protected wild animals crested ibis were photographed.

Crested ibis is one of the endangered species in the world, and Yangxian County, Shaanxi Province has the largest wild crested ibis population in the world. In the core area of ibis national nature reserve, Hanzhong, Shaanxi Province, the reporter from the General Station photographed seven national first-class protected wild animals, crested ibis. Every March, crested ibis begins to enter the breeding season. After the congenial crested ibis are successfully paired, they will nest and lay eggs together to welcome the arrival of new life.

Suqian, Jiangsu Province: Oriental storks have been photographed nesting for three consecutive years.

Spring blossoms, and it’s time for migratory birds to return to the north. In Suqian City, Jiangsu Province, photographers have photographed oriental storks nesting here for three consecutive years. Near a transmission tower in Weiying Town, Sihong County, Suqian City, photographer Zhang Lianhua took a camera and took a "family photo" for the newly moved guests. Zhang Lianhua recorded the life of oriental storks in Sihong. In 2022 and 2023, he photographed three pairs of oriental storks and bred 11 young birds here.

As the nesting and breeding place of oriental storks is located at the top of the transmission tower, in order to create a safe and comfortable living environment for them, a local bird-loving volunteer service team has been set up to protect the common friends of mankind.

"Life is precious, but the price of love is higher …" Recently, the record of divorce case with sky-high A shares was refreshed again.

On the evening of May 29th, Kangtai Bio (300601), a listed company on the Growth Enterprise Market, released the changes in equity Report, in which Du Weimin, the controlling shareholder and actual controller of the company, intends to split and transfer 161 million shares of the company (accounting for 23.99% of the company’s total share capital) to Yuan Liping.

Image source: Kangtai Biological Announcement

According to the closing price of Kangtai Bio on May 29, 146 yuan/share, the market value of Du Weimin’s split shares reached 23.5 billion yuan, setting a record for the highest divorce case in A-share history. Prior to this, the highest record in the A-share market was 7.5 billion yuan, which was created by the divorce of Zhou Yahui, chairman of Kunlun Wanwei.

Behind this eye-catching sky-high divorce case is Du Weimin’s controversial family history and Kangtai Bio’s capital operation, which has also been brought back into people’s attention. Since then, a controversial story has begun.

Being questioned by investors is a "technical divorce"

According to public information, Kangtai Bio is an enterprise integrating R&D, production and sales of biological products. It was established in September 1992 with a registered capital of 369 million yuan. It is headquartered in Shenzhen and listed on the Growth Enterprise Market of Shenzhen Stock Exchange on February 7, 2017.

The company started with vaccines, and its main products include recombinant hepatitis B vaccine (Saccharomyces cerevisiae), Haemophilus influenzae type B conjugate vaccine, measles and rubella combined attenuated live vaccine, acellular pertussis combined vaccine of Haemophilus influenzae type B, and 23-valent pneumococcal polysaccharide vaccine. Among many products, Kangtai Bio is best known for hepatitis B vaccine.

Since 2020, Kangtai Bio’s share price has been strong, hitting record highs, with a total market value approaching 100 billion. The company’s performance has also continued to grow. From 2017 to 2019, its total operating income was 1.161 billion yuan, 2.017 billion yuan and 1.943 billion yuan, respectively, and its net profit returned to its mother was 215 million yuan, 436 million yuan and 575 million yuan. The company’s growth rate has maintained a high growth rate of more than 31% for six consecutive years.

Image source: Kangtai Bio 2019 Annual Report

It is worth noting that although Kangtai Bio’s total revenue in 2019 was 1.94 billion yuan, its gross profit was 1.77 billion yuan, with a gross profit margin of 91.24%. The net profit is 575 million yuan, and the net profit rate is as high as 29.64%, which shows that the vaccine industry is profiteering.

Of course, due to the sustained high growth of Kangtai Bio, the market has continued to give it a high valuation. The share price of 146 yuan, compared with Kangtai Bio’s earnings per share of 0.91 yuan in 2019, has a P/E ratio of 160 times and a P/B ratio of 33.8 times.

Image source: Kangtai Bio 2019 Annual Report

In addition to the hot speculation on pharmaceutical bio-stocks in recent years, the COVID-19 epidemic is obviously an important factor contributing to the stock price of Kangtai Bio. In February, 2020, Kangtai Bio announced that it had cooperated with Eddie Weixin (Suzhou) Biopharmaceutical Co., Ltd. to develop novel coronavirus DNA vaccine. In the following three months, Kangtai Bio’s share price rose by nearly 50%.

In this sky-high divorce case, Du Weimin’s ex-wife Yuan Liping simply wanted shares and did not seek actual control of the company. According to the announcement of Kangtai Bio, in order to keep the normal operation of Kangtai Bio unaffected and continue to maintain Du Weimin’s actual control over Kangtai Bio, Du Wei and Yuan Liping signed the Agreement on Entrustment of Concerted Action and Voting Rights. The agreement stipulates that Yuan Liping agrees to entrust Du Weimin with the shareholder rights of the shares he holds, and the two establish a concerted action relationship.

It is worth noting that the behavior of shareholders of listed companies to split their shares through divorce and then reduce their holdings has always been concerned by all parties in the market. Coupled with the time of this divorce, it coincides with the historical high of Kangtai Bio’s share price. Therefore, Du Weimin was also questioned by investors as a "technical divorce" and was suspected of circumventing regulatory restrictions to reduce his holdings. In this regard, the health sector called Kangtai Bio to inquire about the company’s response, and no reply has been received as of press time.

Kangtai Bio also disclosed in the "Simplified Statement of Changes in Equity" that the information disclosure obligor does not rule out the possibility of increasing or decreasing its shares in listed companies in the next 12 months.

A vaccine salesman’s "perfect counterattack"

Du Weimin’s family history can be described as "legend", from the inspector of epidemic prevention station who came out of poor mountain families in Jiangxi to the upstart in the field of hepatitis B vaccine in China.

In 1963, Du Weimin was born in the rural area of Jinggangshan, Jiangxi Province, and was assigned to Jiangxi Provincial Health and Epidemic Prevention Station after graduation. At the beginning of the reform and opening up in the 1990s, Du Weimin resigned and went to sea to become a vaccine marketing salesman. Won the first bucket of gold in life in Changsheng Bio (a wholly-owned subsidiary of Changchun Changsheng).

In March 2001, Du Weimin founded the company with his colleague Han Gangjun. In September of that year, Changsheng Bio-Institute transferred 0.68% equity of Changsheng Industry to Guangzhou Mengyuan, which Du Weimin held, at a consideration of 437,900 yuan. Since then, Du Weimin has indirectly become a shareholder of Changsheng Bio.

In June 2003, Du Weimin began to serve as the director and vice chairman of Jiangsu Yanshen Bio. However, in 2009, the rabies vaccine produced in Yanshen, Jiangsu Province was ordered by National Medical Products Administration to stop production for rectification because of counterfeiting. Du Weimin resigned from Jiangsu Yanshen and cashed in his shares.

During this period, Du Weimin began a five-year study tour. According to media reports, he went to European and American vaccine giants and many biotechnology research institutions to study and inspect, but remotely controlled domestic affairs. In 2007, the Du Wei mutiny sold its Canadian property and returned to China with his wife and children, rejoining the vaccine industry.

In 2008, Du Weimin became the controlling shareholder of Shenzhen Kangtai Biological Products Co., Ltd., the largest hepatitis B vaccine manufacturer in China, through strategic restructuring.

After a series of dazzling moves, Du Weimin, his wife and other shareholders spent 100 million yuan to set up Minhai Bio. A few months later, they were valued at 240 million yuan to enter Kangtai Bio through restructuring, and then they took over all the shares of five shareholders with state-owned backgrounds at low prices. Although it is difficult to accurately calculate the specific data, some media estimate that it only costs about 368 million yuan to fully control Kangtai Bio.

Since then, Du Weimin has sold some shares to institutions and natural persons at high prices. While the husband and wife earned a net profit of 163.2578 million yuan, they also controlled 62.16% of the shares of Kangtai Bio when they went public in 2017.

In December 2013, Kangtai Bio and Du Weimin ushered in the biggest crisis.

Eight newborns died within 10 days after being inoculated with recombinant hepatitis B vaccine (Saccharomyces cerevisiae) produced by Kangtai Bio, and china food and drug administration urgently suspended the use of all batches of recombinant hepatitis B vaccine (Saccharomyces cerevisiae) produced by Kangtai Bio.

However, the investigation results in January 2014 showed that the incident was a coincidence, and china food and drug administration decided to resume the use of Kangtai bio-related vaccine, and Du Weimin escaped unscathed in the vaccine storm.

In 2017, the Beijing High Court ruled in the second instance that Yin Hongzhang, deputy director of china food and drug administration Drug Evaluation Center, had paid bribes to Yin Hongzhang. But this did not affect Kangtai Bio’s peak.

In February 2017, Kangtai Bio was successfully listed on the Growth Enterprise Market, with a market value of 1.392 billion according to the issue price. A year later, the market value of Kangtai Bio soared to more than 30 billion, and Du Weimin’s personal wealth also changed from 755 million to 20 billion.

In 2018, the event of longevity biological vaccine broke out, and Kangtai Bio’s share price quickly came out of the haze only after being affected for a short time. Then the share price climbed, and Du Weimin also went to the highlight moment of life. In October 2019, Du Weimin won 130 places on the Hurun Rich List with a wealth of 24.5 billion yuan. In February 2020, Du Weimin ranked 524th on the Hurun Global Rich List with a wealth of 33 billion yuan.

Those expensive "breakup fees"

In recent years, the expensive divorce fee of A-shares has appeared frequently, and many media have also publicly reported it.

In addition to the record breaking fee of 23.5 billion yuan and the record breaking fee of over 7.5 billion yuan by Zhou Yahui, chairman of Kunlun Wanwei in September 2016, there are many cases of breaking fee of over 100 million yuan by bosses or executives of listed companies.

In October 2013, Wang Ning, the chairman of Shenzhou Taiyue, divided his 120 million shares into the name of his ex-wife An Mei due to divorce, and the equity value was as high as 1.23 billion yuan.

On January 28th, 2016, the Electric Power Research Institute announced that Hu Chun, the actual controller, planned to transfer 32 million shares (accounting for 4.44% of the total share capital) to Wang Ping for free, on the grounds that the divorce property was divided, and the breakup fee was worth 356 million yuan at that time.

On January 4, 2017, Yinxintang announced that Ruan Hongxian and Liu Qiong, the controlling shareholders, had gone through divorce procedures. After the share split, the market value of their shares was 3.7 billion yuan and 2 billion yuan respectively.

In January 2017, Meng Jie Chairman Jiang Tianwu and his wife Wu Jing signed the Divorce Agreement, and transferred 127 million shares to Wu Jing’s name, with a market value of about 1 billion yuan.

In December 2018, Zheng Dali, a shareholder of Baby Friendly Room, divided 3.9 million shares to Yang Qingfen due to marriage, accounting for 3.9% of the company’s total share capital. According to the latest price of the day, the market value is close to 168 million yuan.

In September 2019, Zhou Heping, the largest shareholder of Wal-Mart Nuclear Materials, transferred his 182 million shares to his ex-wife regarding the division of divorce property. According to the market value at that time, it was equivalent to a "breakup fee" of about 900 million yuan.

In January 2020, Shen Xiaoyu, the post-80s actual controller of Tony Electronics, transferred his 12,901,500 shares to his ex-wife and paid a "breakup fee" worth more than 300 million yuan.

In February 2020, Xu Jiadong and Li Junqiu, 15.22% shareholders of Cross-border Link, went through the formalities of dissolving the marriage relationship, and Xu Jiadong divided 70.11 million shares (accounting for 4.50% of the company’s total shares) to Li Junqiu, with a market value of 460 million yuan at that time.

(This article is compiled from China News Network, Yangcheng Evening News, Delinshe, Zhongxin Jingwei, 21st century business herald, Thumb Medicine, and company announcements)

　　CCTV News:On August 3, local time, in Castillo prison in Rio de Janeiro, Brazil, the prison guards detained a woman who was about to leave after visiting the prison, and had doubts about her identity, so the prison guards conducted further investigations on "her". The prison guards checked the relevant videos and quickly spread all over the network, which became a hot search in Brazil.

　　It turned out that this "woman" was none other than Cravino da Silva, a 42-year-old gangster detained in this prison. Nine years ago, he was sentenced to 73 years and 10 months in prison for drug trafficking. On August 3, da Silva’s 19-year-old daughter visited him in prison. Taking this opportunity, da Silva tried to implement her own escape plan: disguised as her daughter with a silicone face mask, wig, tight jeans and pink shirt prepared in advance, in an attempt to get out of prison.

　　But when he left, he was too nervous and was finally seen by the prison guards.

　　The drug Lord died in the holding cell three days after he failed to escape from prison.

　　Brazilian police said that six years ago, da Silva tried to escape through the prison sewer, but was finally found by prison guards and was arrested again and held since then. This time, the "escape plan of disguised as a woman" carefully planned by him failed again, and then da Silva was transferred to the highest-level prison room. However, three days after he was transferred to the new cell, last Tuesday, the prison guards found him dead in the cell. Initial indications showed that he committed suicide, and the police have also launched an investigation into his death.

　　Gangs are fighting each other, and there’s a lot of fighting in prison

　　Da Silva, nicknamed "Shorty", is the leader of Red Command, one of the largest criminal groups in Brazil, which is based in Rio de Janeiro and controls drug smuggling in most parts of Rio. In recent years, the two largest gangs in Brazil, the "First Capital Command" and the "Red Command" headquartered in Sao Paulo, Brazil’s largest city, often compete for the drug market, grab territory, and intend to bloodbath their opponents. Countless members of both parties have been arrested in prison.

　　In the documentary "The Worst Prison in the World" broadcast in 2018, the reporter visited a Brazilian prison and learned more about their situation in prison.

　　There was an agreement between "First Capital Command" and "Red Command" that the "First Capital Command" required the other party to act according to their own rules in prison, but in 2016, the relationship between the two sides broke down, and since then, the two factions have been fighting in prison.

　　The number of prisoners in anti-drug prisons has soared.

　　Although there is no more inside information about the death of Darcy Waal, a person familiar with the matter told the British newspaper The Guardian that it was related to the chaotic internal management of the prison. In recent years, the Brazilian government has stepped up its crackdown on violence and drug-related crimes, and the number of prisoners in prisons has soared. As the fifth largest country in the world, Brazil has a population of 209 million, but the number of prisoners ranks third in the world.

　　According to Reuters, in the past 30 years, the number of prisoners serving sentences in Brazilian prisons has increased eightfold, reaching a total of about 750,000, while the national prison capacity in Brazil is only over 400,000.

　　The man named Emerson Ferreira is 29 years old. Five years ago, because he was poor, he began to deal drugs. He was arrested by the police for possessing half a kilogram of marijuana and spent five years in prison. After getting out of prison, Ferreira began to work hard because he didn’t want to go back to that violent place.

　　Emerson FerreiraIn prison, a group of people can only move in a very small cell, which is prone to violence. When you are in prison, you will feel like an animal, and you have never thought about changing the status quo. The whole legal punishment system should ensure that prisoners can reintegrate into society and become a part of society again. But prisoners are treated like animals in prison, and once they get out of prison, they will become more violent. "

　　Management chaos, prison violence happens from time to time.

　　The harsh environment, overcrowding and lack of investment and construction in education and vocational training make Brazilian prisons more like recruitment places for criminal gangs than places for rehabilitation. In addition, prison guards are underpaid and understaffed, and violent incidents occur from time to time in Brazilian prisons, and hundreds of people die every year due to violent conflicts between gangs.

　　In May this year, a two-day riot took place in four prisons in Brazilian state of Amazon, resulting in 55 deaths. The riot was caused by a conflict between two gangs.

　　The riot started in a prison in Manaus, and it happened on the morning of May 26th during the visit of relatives. Although the security forces arrived at the scene within three minutes of the incident and quelled the riot within 45 minutes. But in the end, 15 prisoners died in the riots. They were all stabbed by sharpened toothbrushes and then strangled.

　　The news seems to have quickly spread to several other prisons nearby. The next day, another 40 prisoners’ bodies were found in four prisons in the area, including four bodies from the prison where the riots occurred the day before.

　　In July, a five-hour riot occurred in a prison in Pará, northern Brazil, during which someone set fire and the fire spread rapidly. The authorities immediately dispatched police to stop it, and two of the prison guards were once taken hostage, but were later released.

　　Later, after investigation, it was found that the fuse of the incident was also because a gang member mixed into the area of another gang in the prison, which led to conflicts between the two sides. A total of 57 prisoners were killed in the riot, 16 of them were beheaded in the conflict, and the remaining 41 were suffocated by smoke.

　　Ivan de, chairman of the local human rights CommitteeWhat can be revealed to you now is that this is a struggle between rival gangs in the prison. Because so far, prisoners have not made any demands to the government, and the only requirement is to ensure their safety. "

　　Cardoso, the former Minister of Justice of Brazil, once described the prison environment in Brazil as "medieval", and he would rather die than spend a day in prison.

　　In response to the prison riots in recent months, the Brazilian authorities have taken a series of emergency measures: strengthening military security near high-risk prisons; And increase prisons in various States, and plan to build an additional 20,000 cells by the end of this year.

The real shot map and macro configuration information of ET were obtained by Zhidian Travel: Xingjiyuan ET was built on EOX high-performance platform, positioning medium and large SUVs with a length of 4,955mm and a wheelbase of 3,000mm, which is more advantageous than Tucki G9; Power is provided in two versions: single-motor front drive and dual-motor four-wheel drive.

Star Era |S officially said that the product price range is 200,000-500,000 yuan, and the time to market of Terraet was advanced to this year from the first half of 2024 previously announced.

The air intake grille is reserved under the closed front face of Star Era ET, and the interactive screen runs through the light strip and headlight group, and the laser radar is located in the center of the roof. The side of the car is equipped with a hidden door handle, the fender and rearview mirror are equipped with cameras to assist driving, and the tail is equipped with a penetrating light group. The new car will adopt NP2.0 technology battery pack, which supports fast charge and external discharge functions.

The interior of the new car will be equipped with large-size central control panel+full LCD instrument+gear shifting, equipped with 8295 chip, and Huawei intelligent driving assistance is expected.In 2024, Starway Star Age |STERRA will focus on the extended range field, and will launch three models, involving the extended range versions of Terraes and Terraet, as well as the brand’s first three-row six-seat SUV.When the layout of Xingtu New Energy is further improved, it will compete directly with.

Welcome to [car home Shanghai Special Promotion Channel], and we will bring you the latest information on car offers. At present, this high-profile medium and large SUV is in full swing in Shanghai with great preferential activities. The highest preferential amount reached an astonishing 10,000 yuan, which brought real economic benefits to car buyers. The minimum starting price has been adjusted to a very competitive 165,800 yuan, which undoubtedly provides consumers with more choices. If you are interested in Jetway X95, be sure to click the "Check Car Price" button in the quotation form to get the latest market trends and get the best car purchase conditions. Don’t miss it, act quickly!

The exterior design of Jietu X95 shows a magnificent temperament. The front face adopts an exquisite and recognizable grille layout, and with sharp LED headlights, it gives the vehicle a strong visual impact. The overall lines are smooth and tough, highlighting the perfect combination of luxury and strength, making people recognize their unique identity at a glance.

Jietu X95 outlines the dynamic side profile with unique design aesthetics, and its body size is impressive, with the length, width and height of 4,858 mm * 1,925 mm * 1,780 mm respectively and the wheelbase of 2850mm, which provides sufficient foundation for the interior space. The front and rear wheel tracks are 1610mm and 1615mm respectively, which ensures the driving stability. In tyre size, Jetway X95 uses consistent 235/55 R19 tires and exquisite rim design, which not only enhances the visual impact, but also adds stability and comfort to the driving process.

The interior design of Jietu X95 is full of modernity and luxury, and the steering wheel is wrapped with exquisite leather material, providing a comfortable and good grip driving experience. The 12.3-inch central control screen stands on the bridge, which is clear and easy to operate. It integrates practical functions such as multimedia system, navigation, telephone, air conditioning and skylight, and supports voice recognition control, which is convenient for drivers to operate easily while driving. The seat is made of imitation leather, and the main and passenger seats support multi-directional adjustment, including front and rear, backrest and height, to ensure the comfort of the occupants. There are USB ports in the front row and the back row, which are convenient for passengers to charge electronic devices, while the wireless charging function of mobile phones provides a more intelligent and convenient experience. The second row of seats also supports front and rear and backrest adjustment, and has the function of proportional reclining, which enhances the flexibility of space. The overall interior design gives consideration to practicality and luxury, providing passengers with a high-quality driving environment.

Jetway X95 is equipped with a 1.6T engine, which has a maximum power of 145 kW and a power performance of 197 HP. With the 7-speed wet dual-clutch gearbox, it provides smooth power transmission and driving experience for the vehicle.

As a medium and large SUV, Jietu X95 has won wide attention from consumers with its spacious interior space, excellent performance and continuously optimized product strength. Now, in order to give back to the support and love of consumers, Jietu brand is launching limited-time preferential activities, and the price of X95 has been greatly adjusted, bringing unprecedented opportunities for consumers to buy cars. Seize this opportunity, you can not only have a car with both strength and cost performance, but also enjoy the quality service and commitment promised by Jietu brand. Act quickly, Jetway X95 is waiting for your favor and start your new travel fashion together.

1905 movie network news Today (April 17th) afternoon, a group of Lu Han’s Republic of China costumes on the Internet caused a frenzy among netizens. Is it possible to shoot a new play? Actually, it’s a brand-new Reuters photo of the running man.

In the photo, Lu Han, with gray hair, dressed as a young gentleman of the Republic of China, with the word "honesty" affixed to his clothes, is really talented. The underwear of these sweatpants is also very chic and fashionable.

However, no matter what you wear, Brother Lu still has the strength to laugh back at "silly spores" for a second.

Netizens also said: "Young Master, do you still need a servant girl?" "I don’t know if I should let him play costume or play a drama of the Republic of China first."