We must promote the national car brand

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The summer flowers are brilliant, the vegetation is lush, and the land of Jilin is full of vitality.

On the afternoon of July 23, the General Secretary of the Supreme Leader, who was visiting Jilin, came to the Research and Development Institute of China FAW Group.

The general secretary walked into the laboratory to learn about the research and development of new technologies and inspected the latest styles of vehicle products. He stressed that to promote the high-quality development of our country’s automobile manufacturing industry, we must strengthen the independent research and development of key core technologies and key components, achieve technological self-reliance, and strengthen and expand national brands. Today’s world manufacturing industry is fiercely competitive, and we must seize the opportunity to vigorously develop strategic emerging industries to achieve overtaking on the curve. I hope everyone will work hard and live up to their time, dedicate their wisdom and wisdom in promoting the revitalization of Northeast China, and write a magnificent chapter of youth in the process of realizing the Chinese dream of the great rejuvenation of the Chinese nation.

In recent years, China FAW Hongqi brand, as a representative of domestic luxury independent automobile brands, has achieved outstanding results in brand building, styling design, product matrix, technology research and development, sales performance, and innovation ecology. This is the assembly operation of workers in the Hongqi H final assembly workshop.

"The general secretary is very interested in our independent innovation products"

Walking into the NBD headquarters building of China FAW Group, it is clean and quiet.

It was off-duty time, and groups of employees walked out of the building one after another. They were in high spirits and excited.

"I am very excited to report to the general secretary and show our FAW’s independent innovation achievements!" Jiang Wenhu, assistant dean of the FAW Group’s R & D General Institute and head of the project management department, couldn’t calm down, "The general secretary visited our R & D laboratory and had a cordial exchange with several recent graduates at the scene, asking about the employment situation of college graduates this year. When inspecting the latest products of’Hongqi ‘, he listened patiently and asked the staff from time to time. The general secretary is very interested in our independent innovation products."

Jiang Wenhu took great strides and led us to the central hall of the building. In the exhibition area on one side of the hall, the vehicle products with solemn, elegant, or fashionable shapes are breathtaking.

"The general secretary’test-drove ‘this car at that time." He pointed to a lavender and thick Hongqi car, unable to contain his joy. "This Hongqi E-HS9 is a pure electric SUV sedan, which combines the four major global mass production debut technologies. We went from a plan to a current car in just 28 months. This is also rare in the international automotive industry."

On January 8, 2018, China FAW released the new Hongqi brand strategy in the Great Hall of the People, embarking on a journey of brand remodeling and revitalization. Today, the Hongqi brand, as a representative of domestic luxury independent automobile brands, has achieved outstanding results in brand building, styling design, product matrix, technology research and development, sales performance, and innovation ecology.

In the first half of this year, under the serious impact of the global automotive supply chain and industrial chain, the Hongqi brand continued to rise against the trend, with sales reaching 70,000 vehicles, an increase of 111% year-on-year.

Behind the rise against the trend is FAW people’s dedication to national brands and their ideals and beliefs in the revitalization of domestic automobiles.

"Listening to the speech of the general secretary on the spot has benefited me a lot, and it has also strengthened my ideals." Han Linghai, head of the powertrain department of the FAW Research and Development Institute, has witnessed the development of the third-generation engine of the Hongqi sedan and witnessed the process from "follow-up" to "parallel run". "At present, we are working on higher thermal efficiency engines, and in the future, Chinese engines will also lead the world!" Han Linghai was full of confidence.

"Core technologies cannot be bought.

We have been insisting on independent innovation over the years "

"The general secretary’s visit to FAW again after nine years has instilled strong confidence in us," said Wang Dongmei, deputy party secretary of FAW Group’s General Research and Development Institute and chairperson of the trade union. "In nine years, FAW has undergone earth-shaking changes."

The General Secretary visited the FAW Group Research and Development Institute today, and its establishment is undoubtedly one of the changes that Wang Dongmei has mentioned.

On September 18, 2017, FAW Group launched a top-down reform to deepen the personnel system. The technology center is the first unit of this reform. Although the reform is difficult and involves a wide range of personnel, the reform is comprehensive and thorough.

Everything was focused on developing competitive products, and the newly established R & D Institute was mainly responsible for the development of Hongqi series vehicle products. FAW Group stimulated endogenous power through reform and strongly promoted "Hongqi" to embark on a journey of revitalization.

Today’s "red flag" is interpreting the new journey of self-owned brand cars towards intelligent manufacturing.

In February last year, the new H final assembly workshop of China FAW Hongqi Factory was officially put into operation. The workshop was built according to the top industry standards, achieving the first in many industries and the first in China. Intelligent workstations account for more than 80%, integrating "flexibility", "intelligence", "sharing" and "informatization", and has "ten intelligent workstations". This modern workshop has an automation rate of 90% and an annual production capacity of 100,000 vehicles, setting a new benchmark for Chinese independent brands.

Where does the "opportunity" come from? It comes from reform, from innovation, and from mastering key core technologies in one’s own hands.

"If there is no core technology, it will definitely be controlled by others." Wang Sibo, an electric vehicle powertrain engineer and designer of the rear drive assembly of Hongqi E-HS9, said: "At present, our research and development of electric drive systems is at the leading level in China. At the same time, we have the relevant technologies of several products, and we also have core technologies and core intellectual property rights internationally."

"Core technologies cannot be bought, and we have been insisting on independent innovation over the years," Wang Dongmei said. "The general secretary has given us full recognition of this, and it has also strengthened our confidence and direction of independent innovation."

"The younger generation has a lot to do"

The last activity of the general secretary at the China FAW Group Research and Development Institute was to meet with employee representatives.

"These staff representatives mainly come from our R & D team," Wang Dongmei told reporters. As the new generation of FAW in China, these R & D personnel are full of vigor and dedication. Although some are very young, they have become the backbone. "The younger generation has a lot to do," Wang Dongmei said with relief.

"I feel warm and encouraged to be able to participate in today’s event." Huang Jiatong joined last August and is currently an engineer in charge of smart space development. She said: "As a newcomer to the development of the Hongqi brand, I must work hard to learn from the older generation of Hongqi people, grow rapidly, and contribute my greatest strength to the cause of Hongqi."

Mr. Han, who is only 38 but has worked at FAW for 15 years, told reporters: "The general secretary mentioned that the future depends on our young people, which is very encouraging to me. This is his earnest exhortation to our young people. We must work hard, be brave in innovation, and create international leading engine products as soon as possible."

"After listening to the speech of the general secretary, my biggest feeling is that our young generation can only contribute to the rejuvenation of the national automobile by continuously enhancing their own skills." Wang Sibo pointed to a new car behind him and told reporters: "My’small goal ‘is to make it safe to list, full of power, and able to ride the wind and sail!"

Everyone, with one word and one word from me, exchanged their own insights, and thousands of words merged into one voice: set ambitious goals, strive for the day, live up to the times, and work hard in independent innovation. We must promote national automobile brands.

Source | Jilin Daily

Author | Jilin Daily All Media Reporter, Zhao Guangxin, Shi Lei/Photo

The original title: "We must promote national automobile brands."

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Do you believe it? Deng Chao has been preparing for the role of "Galaxy Cram School" for 40 years


1905 movie network news Crying and laughing all the way, the national roadshow of the film came to an end in Tianjin on July 14. As the final stop, the audience of Yudu praised the film as a "beacon of parent-child education". The film has been screened ahead of time, and more than 500,000 people have tried early adopters in advance. The major platforms have been praised for "capture" in an instant: the cat’s eye platform scored 9.4 points, and rose to 9.5 in a short time; the ticket rating of the lottery is also above 9 points, and the word-of-mouth leader in the summer is well deserved. "Galaxy Tutorial School" is directed by Deng Chao and Yu Baimei, and will be officially released nationwide on July 18.

 

"I found the target of my life"

The most touching part of "Galaxy Tutoring School" is that Ma Haowen in the film encourages his son to find the "target" of life, to insist on independent thinking, and to know what kind of person he wants to become. A thought-provoking dialogue in the film: Ma Haowen asks his son what your future goals are. After receiving the reply from "Tsinghua Peking University", Ma Haowen said: "Tsinghua Peking University is just a process, not a goal. You have to think clearly about what kind of person you want to be." During the roadshow, countless audience members expressed that they were moved by this line. "People have to live out themselves and stick to themselves. This movie is the beacon of parent-child education."

In Tianjin, several viewers shared similar experiences after watching the film. One viewer, who majored in land resource management but switched to design, said: "I used to only listen to my parents and get good grades. Now I work in a job that is not related to my major after graduation, but I feel very happy. I have found what I really want to do." Another viewer quit the journalism industry to become a photographer because he liked photography. Although he was not understood by his parents at first, "I have always done what I like, and my parents have slowly accepted it." Director Yu Baimei, who used to be a computer major, is now a famous director and screenwriter in China. He is like Ma Fei in the movie, because of his love, he insists on making the movie dream a reality.

Deng Chao "prepared for 40 years" for this role

With the release just around the corner, the two directors are very emotional. The director Yu Baimei mentioned that he and Deng Chao are both fathers, and the film is actually a poem they dedicated to their children. "Our wife has been making all kinds of designs for the future of our children, and has all kinds of worries about their lives, but the father brings many different things to the children. Making this movie is actually dedicated to the father and pays tribute to the father." The concept of "happy education" in the film touched many parents. The director said: "Pure happiness is empty. It is necessary to always let the child ask himself what he wants to do in the future, to be the person he wants to do, and to do what he wants to do. This is true happiness. Only the happiness of having an arrow target is true happiness."

As a father, playing the role of a father, Deng Chao has actually been "preparing for 40 years" for this role. Even when Deng Chao put on old-age makeup and walked to the camera, the entire crew was moved and felt that he was a real old father. Although the film is simple, it is deeply moving. "This is a movie dedicated to my father, but also to my children. I want him to know what my father is doing."

Chairman Aauto Quicker quit.

Original Guo Ruyi’s business figure

Author: Guo Ruyi

In another week, 41-year-old Su Hua will no longer be the chairman of Aauto Quicker.

On the evening of 20th, according to the announcement issued by Aauto Quicker, from October 29th, Suhua will step down as chairman and be replaced by another founder, Cheng Yixiao. Cheng Yixiao also served as CEO of Aauto Quicker.

However, Su Hua is not completely out of Aauto Quicker. He continues to be an executive director and a member of the remuneration committee. More importantly, his different voting rights will not change.

This is another handover of Aauto Quicker’s top leadership power after Su Hua resigned as CEO two years ago. A week later, Cheng Yixiao will become the undisputed number one in company management.

Aauto Quicker, where Hong Kong stocks are listed, implements the arrangement that each share has different rights. Each class A share can cast ten votes, and each class B share can cast one vote. At present, Suhua’s shareholding ratio is nearly 10%, slightly higher than that of Cheng Yixiao, and it is the largest individual shareholder in Aauto Quicker. Su Hua also has more voting rights than Cheng Yixiao.

Aauto Quicker’s announcement specially emphasized that their voting rights have not changed, which still continues the current pattern of shareholders’ rights. But even so, in terms of internal governance, the influence of Suhua will undoubtedly be further diluted. According to Aauto Quicker’s official statement, he "has to focus on other affairs".

Ten years ago, Su Hua, who had been tossing and turning repeatedly between starting a business and a big factory, met Cheng Yixiao through the introduction of Aauto Quicker investors. At that time, Aauto Quicker had just started, and it was still a product for users to make and share GIF animation. The first meeting between the two touched Cheng Yixiao, and he decided to introduce Suhua, so he did not hesitate to give up his considerable shares.

Since then, Su Hua has served as CEO, Cheng Yixiao as Chief Product Officer, and Aauto Quicker has started to move towards running all the way as a short video giant.

Aauto Quicker’s entrepreneurial myth is one of the most eye-catching cases in the golden age of Internet in the past years. In February 2021, Aauto Quicker landed on the Hong Kong Stock Exchange and became the "first short video". Now, its active users have reached hundreds of millions.

Su Hua also earned hundreds of millions of net worth by this. According to the 2023 Hurun Global Rich List, its wealth reached 31 billion yuan, ranking 668th. It took only ten years from obscurity to becoming a man of the hour in business.

In January this year, Suhua reduced its holdings in Aauto Quicker and cashed in about HK$ 3.8 billion. At that time, it was announced that it would "invest in charitable donations, cutting-edge scientific and technological exploration and infrastructure investment". Nowadays, there are fixed templates for the reasons of retiring or cashing out in the internet circle, that is, charity and cutting-edge technology. Suhua also used this trick, but the market didn’t seem to buy it, and Aauto Quicker’s share price plummeted by 6% the next day.

Su Hua’s resignation as chairman is the latest move of Aauto Quicker’s frequent personnel adjustment in recent years. Since the second half of 2021, the internal structure of Aauto Quicker has been adjusted many times, and it is not surprising that the authority of senior executives has changed and whether they will stay or not. Also in January this year, Aauto Quicker CTO Chen Dingjia resigned on the grounds that "more time should be devoted to family and personal affairs."

Corporate governance in Aauto Quicker once had a very distinctive feature, that is, the relatively rare dual-core governance. Similarly, R&F Property, a real estate industry, has been jointly run by Li Silian and Zhang Li for a long time, which is known as the dual boss system. In Aauto Quicker, two parallel hills are Suhua and Cheng Yixiao.

The predecessor of Aauto Quicker was led by Cheng Yixiao, and Suhua played a significant role in the process of growing into a short video social platform. This is a subtle entrepreneurial combination. The two people’s equity and voting rights are close. Ideally, they will share the same share, especially in the early stage. In fact, this model did have a honeymoon period of several years. Generally speaking, Suhua was responsible for investment and financing, commercialization, internationalization and functional departments, while Cheng Yixiao focused on product and technology business. However, if it is not handled properly, dual-core governance will easily lead to internal friction.

Before Aauto Quicker went public, there was some overlap in terms of authority between Su Cheng and Su Cheng. According to comprehensive media reports, it was once common to select sides and divide factions within Aauto Quicker. This has become a major problem criticized by the outside world in Aauto Quicker. It was not until Suhua stepped down as CEO and retreated from the front line of management to the position of chairman that this dual-core governance pattern changed.

In the past two years, Cheng Yixiao, who became the CEO of Aauto Quicker, gradually got used to this role. Before that, he was always considered to be inarticulate and not good at making public appearances. However, under the circumstance that Suhua made less and less public appearances, he assumed more responsibilities in this respect. And more like a comprehensive CEO.

In terms of performance, Cheng Yixiao’s leadership performance in the past two years has also been recognized. Aauto Quicker’s domestic business has been profitable for four consecutive quarters, and it achieved overall profitability at the group level for the first time in the first quarter of this year. Of course, there are also challenges, such as the pressure of growth and the pressure of stock price. When Aauto Quicker was first listed, its scenery was infinite and its market value was high, but now its total market value has shrunk by nearly 80%.

It is in this situation that Aauto Quicker’s "key person" changed from two to one, and the power was finally unified into Cheng Yixiao’s hands.

What awaits Suhua next may be a more leisurely life like a wild crane. After retiring, the Internet tycoons with financial freedom are usually less known to the outside world. Boss Ma is an exception. In April this year, Suhua registered and established a software information company, and maybe there will be other actions in the future. The cutting-edge technology that big bosses especially admire, I wonder if Suhua will make substantial progress.

Aauto Quicker, which belongs to him, has stirred up years, and many of them will become the past.

Original title: "Chairman Aauto Quicker quit"

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The scope of protection has been greatly expanded! The new adjustment of this wildlife list was announced.

  The reporter learned from National Forestry and Grassland Administration today (30th) that the newly adjusted List of Terrestrial Wild Animals with Important Ecological, Scientific and Social Values was published.

  The newly adjusted "Three Owns List" contains 1924 species of wild animals, including 91 species of mammals, 1028 species of birds, 450 species of reptiles, 253 species of amphibians, 96 species of insects, 2 species of arachnids and 4 species of oligochaeta. Compared with the original catalogue published for the first time in 2000, more than 700 species of wild animals have been added while basically retaining the original species, thus greatly expanding the scope of wildlife protection.

  On the basis of scientific evaluation of the ecological, scientific and social values of terrestrial wildlife species, this list adjustment fully considers many factors such as population dynamics, threats, social concerns, etc., with the basic principles of adhering to ecological priority, maintaining scientific research needs and benefiting social development as the adjustment, and doing everything possible to protect vertebrates; For invertebrates, because of their wide variety and huge quantity, they are really necessary and conform to the basic principles of adjustment. This directory adjustment will effectively promote the improvement of protection and management capabilities, the protection and improvement of natural ecology, the level of wildlife scientific research and the public awareness of protection.

  China is rich in wildlife species, with 8,197 species of vertebrates alone, making it one of the countries with the largest number of wildlife species in the world. (CCTV reporter Shi Yuyu)

How does finance help the new development pattern

In the past few decades, China’s economic development has made great achievements, but now it is at a very critical turning point-from the first century’s goal of "building a well-off society in an all-round way" to the second century’s goal of "building a socialist modern power".
Compared with the early 40 years of reform and opening up, there will be three major changes in China’s economy in the next 30 years:
First, the cost advantage is no longer. China’s economic development once benefited from the low cost advantage for a long time, but now the cost has obviously increased. The economic growth mode will have to move from extensive and factor-input growth to innovation-driven growth.
Second, the demographic dividend has disappeared. In the past, China benefited from the increasing proportion of the labor force in the total population, but now it is an aging society, and the labor force population begins to decline, which will eventually affect the economic growth pattern.
Third, the trend of "anti-globalization" has emerged. The wave of globalization has obviously promoted China’s economic development in the past. China has been able to participate in the global division of labor, and its exports have increased substantially. A large number of foreign direct investments have enhanced the activity of the domestic economy. Nowadays, globalization is experiencing fluctuations, and the size of China’s economy has also increased significantly, so the growth momentum has to focus more on the domestic market. Therefore, the central government proposes to build a new development pattern with "double circulation"-with domestic big circulation as the main body and domestic and international double circulation promoting each other.
Finance should give more support to the real economy.
Under the new development pattern, how does finance act?
In the past four decades, finance has contributed greatly to economic growth, effectively supporting the average annual GDP growth rate of more than 9%, and the financial system is relatively stable. Although many scholars believe that the reform can be further deepened and the distortions in the system can be eliminated, on the whole, China’s financial system has effectively supported the rapid and relatively stable economic development.
In recent years, complaints against the financial industry have increased, especially "the strength of financial support for the real economy is weakening". In this regard, the most intuitive reflection is the decline in the "marginal capital output rate". The so-called marginal capital output rate refers to the amount of capital that needs to be increased when one unit of output is increased. Before the global financial crisis in 2007, China’s marginal capital output rate was about 3.5, but it has almost doubled at present, indicating that our financial efficiency has been discounted. If the financial efficiency continues to decline, even if the financial resources invested in economic construction continue to increase, the economic output will not be high or even decline, which will ultimately affect the sustainability of economic growth.
In the past, China’s financial system was relatively stable, but in recent years, risks in many financial fields began to emerge. We have two "magic weapons" to maintain financial stability. One is to resolve risks through sustained high growth; Second, the government should do everything to ensure the confidence of investors, consumers and other markets. However, the effectiveness of these two magic weapons is obviously declining, and the next step must be to make great efforts to build a financial safety network, which should not only have a market-oriented regulatory framework, but also involve the central bank and the financial sector.
There is a lot of work that finance can do to support the real economy more effectively, especially based on the new development pattern of "double cycle". Finance should strive to promote the domestic big cycle, and the practice can be linked from "supply" and "demand".
China’s economic growth in the past benefited from "two ends in the outside"-raw materials, technology and capital were introduced from abroad, products were produced and processed at home, and then bought back abroad. But this model will become increasingly difficult in the future. On the one hand, China’s economy is getting bigger and bigger. As some market participants have said, China enterprises "buy what is expensive;" What to sell, what is cheap. " On the other hand, large size also has obvious advantages. In the future, it is possible for the domestic market to continuously reduce the pressure of "two heads are outside", and both "supply" and "demand" are solved in the domestic market. Therefore, the key question is how finance can link "supply" and "demand" to support economic innovation and growth.
Supply side: Finance should strongly support economic innovation.
From the supply side, the core issue is to change the growth model and make innovation the main driving force for growth. Innovation is becoming more and more important to enhance the competitiveness of our economy in the domestic and international markets. Although the domestic market will be the main market in the future, we should remain open to the international market, and the industry must have international competitiveness in order to develop sustainably.
Our financial system used to effectively support extensive and factor-input economic growth. The economic activities under this growth model face relatively little uncertainty, and the products may have been abroad for decades or even hundreds of years. The uncertainties we face in many aspects such as technology, market, management and marketing channels are very low, and financial services are relatively easy to do, especially the pressure of risk management is not great.
If the financial future wants to strongly support economic innovation, the difficulty of managing risks will surge. Because innovation is bound to face many uncertainties, uncertainty will definitely increase the requirements for financial services.
If the economic growth model is to change, the financial development model must also change accordingly. To support economic innovation, finance should do two things: financial innovation and market-oriented reform.
Financial innovation includes three aspects:
First, develop the capital market and increase the proportion of direct financing. The prominent feature of China’s financial system is that banks are dominant. The biggest market participant in the financial system is commercial banks. Commercial banks have previously provided funds for large-scale manufacturing expansion, effectively supporting rapid economic growth. Generally speaking, the capital market has inherent advantages in supporting innovation, such as being better at identifying risks and patiently accompanying entrepreneurs to grow up. Therefore, the primary task of financial innovation is to develop the capital market and increase the proportion of direct financing. From the international experience, the leading financial systems in the United States, Britain and other countries are dominated by the capital market. We are already doing this kind of work, and we need to continue and increase our efforts in the future.
Second, innovate the business model of commercial banks. In the foreseeable future, commercial banks will remain our main financial channel, so it is necessary to innovate the business model of commercial banks in order to undertake the task of supporting economic innovation. There are also many successful examples of bank-led financial system innovation in the world. Germany and Japan are both bank-led financial systems, which have effectively helped enterprises master the international frontier economic technology. At present, the road of banking business model innovation in China has a long way to go.
Third, develop digital finance. With the help of digital technology, finance can better serve the financing needs of small and medium-sized enterprises, private enterprises, especially "specialized and innovative" enterprises. For these enterprises, traditional financial institutions usually lack effective means of risk control, but now big data can help solve some problems. At present, some successful examples are some new Internet banks-Weizhong Bank, Online Merchant Bank, Xinwang Bank, etc. These institutions mainly look at data, not collateral, and can successfully control the average non-performing rate at a low level. If we popularize this method to traditional banks and help them do risk analysis on direct financing of listed companies, it means that we may explore a new way in this respect. In fact, China’s use of big data for credit risk management has been at the forefront of the international level.
In addition to financial innovation, financial support for economic innovation is inseparable from market-oriented reforms, one of which is market-oriented risk pricing.
China government has made great efforts to reduce the financing costs of SMEs, but the risks and costs must be matched to be sustainable. It is very important to support the financing of small and medium-sized enterprises and help them obtain loans, but at the same time, we should also pay attention to market-based risk pricing. Only in this way can commercial banks continue to carry out their business.
From the supply side, only by carrying out a series of reforms can finance better support economic innovation.
Demand side: Finance should strongly support consumption.
From the demand side, the so-called "troika"-investment, consumption and export, investment and export have been very strong, and consumption is relatively weak. After the global financial crisis, consumption has rebounded, but it is still dragging its feet, especially during the epidemic period, the economic recovery is weak, and key consumption can not get up, which seriously restricts the domestic macro-cycle.
Consumption is sluggish, and even if you invest a lot, it will easily become overcapacity. At the same time, the sluggish consumption is also contrary to the goal of the second century. The fundamental purpose of economic construction is to continuously meet the people’s needs for a better life, and only by increasing the consumption of ordinary people can we meet the standards.
At present, China’s consumption accounts for about 55% of GDP, which is about 20 percentage points lower than the world average and 25-30 percentage points lower than that of Britain and the United States.
Why is consumption sluggish or less than expected? There are three reasons:
First of all, the proportion of our residents’ income to GDP is not high, and the people are too dependent on labor income and lack asset income;
Secondly, the inequality of social income distribution is high, and the rich have a low propensity to consume, and most of them have bought what they should buy; The poor tend to spend more, but they have no money to spend. Therefore, the inequality of income distribution suppresses the total demand of social consumption;
Finally, the social security system needs to be further improved. Without social security, residents’ confidence in the future is insufficient, and everyone is afraid to spend more if they have money.
If these problems are solved, China’s future consumption can still be expected. At present, the total social retail sales in China is very impressive from a global perspective. If the consumption potential of 1.4 billion people can be further released and sustainable economic growth can be maintained in the future, China is expected to become the most desirable consumption market in the world.
At present, there is a lot of work to be done in consumption. We not only need the government to improve income distribution and improve the social security system, but also have huge room for finance. For example, the financial system can improve efficiency, thereby increasing the total social income, so that ordinary people can get asset income other than labor wages, so that more money can be used for consumption; For another example, we can vigorously develop inclusive finance, so that small and medium-sized enterprises, low-income families and agricultural workers in a weak position can obtain corresponding financial services and make the income distribution of the whole society more equal; Also, we can develop the financial industry, especially the insurance industry, and make the social security system more perfect.
To sum up, whether from the supply side or the demand side, finance has great potential to support the development of the real economy, innovative growth, consumption upgrading and a better life. As long as we have a good grasp of the direction of financial development, improve the efficiency of the financial system, and successfully control risks, finance will play a greater role in the new development pattern of "double cycle", thus helping us achieve the second century goal smoothly.
(The author is Professor, Vice President and Director of Digital Finance Research Center of National Development Institute of Peking University)
Reporting/feedback

After the "star officials" of Yunnan’s husband and wife files were both dismissed, a relative who had amassed 3 million yuan was sentenced.

Dongfang Net Longitudinal Journalist Chen Haozhou
Cai Sihong’s brother-in-law Dong Guanghui was sentenced to five years and six months’ imprisonment for using his influence to take bribes to collect 3 million yuan after the "star official" in Yunnan, Cai Sihong, the former deputy mayor of Yuxi, and Geng Mei, the former deputy mayor of Baoshan. On December 29th, China Judgment Document Network published "criminal judgment, the First Trial of Dong Guanghui’s Taking Bribery and Taking Bribery by Influence", which revealed the details of Dong Guanghui’s wealth collection.
According to the verdict, Dong Guanghui was born in December 1971, with a junior high school education and a native of mangshi. On January 8 this year, he was detained by the Wuding County Supervisory Committee. On July 6, the Wuding County People’s Procuratorate decided to be criminally detained by the Wuding County Public Security Bureau, and he was arrested on July 11.
The Wuding County People’s Court found through trial that Dong Guanghui accepted Dong’s request, and after consulting with Cai Sihong, then secretary of the mangshi Municipal Party Committee and the mayor’s relative, Cai Sihong came forward to say hello to help Dong’s Kaiyuan Hongfa Construction Group Co., Ltd. undertake the construction project of the fifth primary school in mangshi and the construction project of the coffee avenue in the Pappian District of mangshi Industrial Park. From March 2010 to November 2018, Dong Guanghui received 2 million yuan from Dong four times.
(Caption: Cai Sihong, former deputy mayor of Yuxi City Source: Dongfang. com)
During 2015, Dong Guanghui accepted the request of Liu, a construction contractor, to help introduce the construction project of Nanyang overseas Chinese machinists returning to China for the Anti-Japanese Memorial Hall. After receiving the promise of 1.5 million yuan afterwards, he took advantage of the influence formed by Cai Sihong’s position and status as the secretary of Ruili Municipal Party Committee, and with the help of Cai Sihong and others, he contracted the construction project for Liu. At the beginning of 2016, Dong Guanghui received 1 million yuan from Liu twice.
According to Dong Guanghui’s confession, "Cai Sihong and we are a family. He didn’t want his sister and I to live a hard life. He came forward to help Dong to undertake the project, just to let me collect the benefits to increase my family’s income and improve my family’s quality of life."
Cai Sihong’s testimony also confirmed that Dong Guanghui is his brother-in-law. "He has no job, no right, no money, no technology, no resources, no fixed occupation and no fixed income. I also want to help my brother-in-law’s family increase their income in this way, so I acquiesced in his accepting the’ benefit fee’."
The explanation presented by the Wuding County Supervision Committee confirmed that Dong Guanghui voluntarily explained the criminal facts of this case to the investigation organ when he was told to cooperate with the investigation of other cases. The verdict shows that on April 10 this year, Dong Guanghui voluntarily returned 3 million yuan of funds involved in the case to the investigation organ.
On December 21 this year, Dong Guanghui was sentenced to five years and six months’ imprisonment and fined 700,000 yuan. The illegal income of 3 million yuan was confiscated and turned over to the state treasury by the Wuding County Supervision Committee.
The reporter noted that Cai Sihong, born in August 1967, and Geng Mei, born in September 1968, were once remarkable couples "star officials" in Yunnan politics. Both of them are from Yunnan. Cai Sihong graduated from Yunnan University for Nationalities, majoring in Dai language, and Geng Mei graduated from Yunnan University, majoring in journalism. Both of them graduated from university in the same year and joined the work.
(Caption: Geng Mei, former deputy mayor of Baoshan City Source: official website, Longyang District People’s Government of Baoshan City)
In official career, the couple can be described as "going hand in hand". In 1993, Cai Sihong was appointed Deputy Secretary-General of Dehong Federation of Industry and Commerce. Two years later, Geng Mei was promoted from an ordinary news editor of Baoshan Daily to the deputy director of the Propaganda Department Office of Baoshan District Committee; In July 2009, Cai Sihong was appointed secretary of Luxi (renamed mangshi in November 2010), and Geng Mei was promoted from the county magistrate of Changning County to the secretary of Changning County Committee in December of the following year.
In 2013, Cai Sihong and Geng Mei both became deputy department heads: Geng Mei was promoted to vice mayor of Baoshan City and concurrently served as secretary of Longyang District Committee, Cai Sihong became deputy secretary of the Party Committee of Ruili National Key Development and Opening Experimental Zone (deputy department head), and was later appointed secretary of Ruili Municipal Committee. In October 2015, Cai Sihong was transferred to the vice mayor of Yuxi City. At this point, both husband and wife became deputy mayors of prefecture-level cities.
Before Dong Guanghui was sentenced, Cai Sihong and his wife Geng Mei, both CPC cadres, were both dismissed.
According to the Yunnan Provincial Commission for Discipline Inspection, on October 15, 2019, Geng Mei, deputy mayor of Baoshan City and secretary of Longyang District Party Committee, was suspected of serious violation of discipline and law, and accepted disciplinary review and supervision investigation. On February 25, 2020, Cai Sihong, a member of the party group and deputy mayor of Yuxi Municipal People’s Government, was suspected of serious violation of discipline and law, and was subject to disciplinary review and supervision investigation.
In March this year, the Supervision Committee of the Commission for Discipline Inspection of Dehong Prefecture published a commentary entitled "Don’t let" go hand in hand "become" both fallen horses ",saying that Cai Sihong and Geng Mei were once a remarkable couple’s" star officials "in Yunnan politics. From "going hand in hand" to "both falling off the horse", it is distressing and thought-provoking.
According to the article, the "corrupt couple file" between Cai Sihong and Geng Mei once again sounded the alarm of "family integrity" for leading cadres in the province. A good family style benefits the family and the country; On the contrary, a morbid family style will destroy the family and harm others, oneself and society.
Now, Dong Guanghui was jailed after Cai Sihong and Geng Mei both fell, which once again proved the harmfulness of the morbid family style of leading cadres.
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Respiratory diseases have entered a period of high incidence, People’s Daily: scientifically coordinating medical resources.

Original title: Scientifically coordinating medical resources to better protect people’s health

With the successive winter in various places, respiratory diseases have entered a period of high incidence. The CPC Central Committee adheres to the principle of putting people first and life first, timely predicts the overall situation, epidemic characteristics and development trend of respiratory diseases this winter and next spring, and takes effective measures to carry out prevention and treatment of respiratory diseases to effectively protect people’s life safety and health.

Every autumn and winter is the season of high incidence of respiratory infectious diseases. Recently, acute respiratory diseases in China have continued to rise, which is related to the superposition of various respiratory pathogens. According to the monitoring, the current epidemic acute respiratory diseases are all caused by known pathogens, and all of them have corresponding mature treatment methods. No new infectious diseases caused by new viruses and bacteria have been found. Therefore, the public need not worry too much or even panic.

After more than three years of fighting against the epidemic in COVID-19, China has accumulated richer experience in the prevention and control of infectious diseases, laying a solid foundation for dealing with various public health emergencies. At present, China’s medical resources and drug reserves are sufficient, and emergency plans and prevention and control measures are effective, which can completely prevent and control respiratory diseases. In order to effectively solve the urgent problems of the masses, it is still necessary to mobilize all forces, co-ordinate the allocation of medical resources, respond to the concerns of the masses in a timely manner, do a good job in health science popularization, and let the masses see a doctor more at ease.

Scientifically allocate medical resources and smooth two-way referral channels. In recent years, China has vigorously promoted the construction of graded diagnosis and treatment system, and initially established a model of "first diagnosis at the grass-roots level, two-way referral, rapid and slow division and treatment, and linkage up and down". Health departments actively do a good job in graded diagnosis and treatment, unblock referral channels, adjust personnel across disciplines and hospitals, ensure the supply of medical materials, promote Internet medical care, and maximize the ability to receive medical treatment. Give full play to the role of medical association to improve the diagnosis and treatment ability of general infection and the efficiency of severe identification and referral in primary medical and health institutions. Further increase the supply of medical services, promote the opening of pediatric clinics in all kinds of medical institutions at all levels, separate the noon, night and weekend clinics according to the number of patients, extend the service hours, and constantly optimize the treatment and treatment procedures such as registration, examination and payment to facilitate the people to seek medical treatment.

Adhere to both traditional Chinese and western medicine and give full play to the advantages of traditional Chinese medicine in preventing and treating diseases. Traditional Chinese medicine has the characteristics of "simple and inexpensive" and plays an irreplaceable role in disease prevention and treatment. During the fight against COVID-19 epidemic, China adhered to the combination of traditional Chinese and western medicine, and screened out effective prescriptions such as "three drugs and three parties", which made important contributions to epidemic prevention and control. Practice has proved that Chinese medicine has always had rich experience and outstanding advantages in dealing with acute respiratory diseases, and can make great achievements. It is necessary to give full play to the role of traditional Chinese medicine, popularize the knowledge of disease prevention and control of traditional Chinese medicine, and continuously improve the prevention and control effect.

Adhere to prevention, improve the health literacy of the whole people, and advocate a healthy lifestyle. It is necessary to establish the concept that "everyone is the first responsible person for their own health" and constantly improve the self-protection ability of the masses. When you have respiratory symptoms, you should be well protected, keep a social distance, and avoid cross-infection in your family and unit. Large hospitals are crowded with people, waiting for a long time, and the risk of cross-infection is high. If there are children at home with mild symptoms, it is recommended to choose primary medical and health institutions first. Do a good job in the supply and vaccination services of vaccines such as influenza, and vaccinate key populations such as the elderly and children as soon as possible to reduce the risk of illness. Do a good job of personal protection, do not go to work with illness, do not go to school with illness, and develop good hygiene habits.

Hubei Daily client, paying attention to Hubei and the world events, not only pushes authoritative policy interpretation, fresh hot information and practical convenience information for users, but also introduces a series of special functions such as reading newspapers, reporting materials, learning and online interaction.

Running all the way, guarding the whole process, and successfully completing the security task of Qingdao Marathon in 2023.

April 22nd at 7:30.

2023 Qingdao Marathon

Start shooting at Hong Kong Middle Road.

Running together, the momentum is like a rainbow.

Overwhelming cheers and shouts.

Ring over the island city

At the moment, the island city shows us.

Real speed and passion

The cheers of the whole people resounded through the sky

I don’t know if you have noticed.

What about them waiting behind them?

A purplish blue.

Stand tall and energetic.

With a standardized, rigorous, meticulous and in-place working attitude.

Good mental outlook and duty image.

Go all out to escort the marathon!

Complete marathon security work for high standards and high quality.

The North Public Security Bureau carefully deployed and scientifically deployed the police.

Strictly and meticulously implement various security measures.

On the day of the game, more than 460 police officers were put into operation.

There are more than 1,150 security guards.

Shibei public security is here.

The whole race is 42.195 kilometers.

Responsible area in

With high quality and efficient service.

Effectively ensure the safe and orderly progress of the event.

Make careful preparations before the game

In order to ensure the safe and smooth running of the event.

"Marathon" Security of Shibei Public Security Bureau

Opened the curtain early.

The leaders of the sub-bureau went deep into the supervision and inspection of the security preparations for the marathon route, inspected the main intersections along the route on the spot, and got a detailed understanding of the police arrangement at the points along the route, requiring the auxiliary police on duty to closely cooperate with the staff, strengthen the linkage, and go all out to do a good job in the security of the marathon.

Build a safety wall for the competition

Spectators and athletes entered the stadium one after another.

They stick to their posts and stand ready for battle.

At various key points

Command and dispatch, patrol duty, and guide the masses

Escort the players

Build a safety wall for the competition

The whole process of guarding is not lax.

The players on the field made a wonderful "appearance"

They ran out of passion.

Ran out of the acceleration

Let’s cheer for them together

Husband, wife, escort

In the carnival of runners

With their silent protection.

They are both guardians of the stadium.

Another contestant in the competition

There is no shortage in the stadium.

The figure of the police fighting bravely for the first place

They compete with the players in the same competition, but also with the police on duty.

Together to protect the safety of the track

Guard all the way to the finish line

At the end of the field

Recording the moment of athletes.

It also carries the scene.

Guardianship and responsibility of all public security, civilian and auxiliary police

The publicity department of Shibei Public Security Bureau should do a good job in security photography of this marathon.

All the civilian auxiliary police on duty arrived at the security point at 6 o’clock in the morning.

By 11 o’clock, the audience and athletes were dismissed one after another.

Police officers of Shibei Public Security Bureau

Draw a successful conclusion to this event.

Photography | Hu Xiaoyang Zong Xiaoxiang

Editor | Liu Ling

Audit | Hu Xiaoyang

Envy female fans while taking photos to find C Ronaldo’s signature, the president reminded: Never mind the phone and take the jersey.

Live broadcast: On March 11th, in the 20th round of Saudi Arabia, Riyadh lost 0-1 to Jeddah, giving up the top spot.

After the game, Cristiano Ronaldo signed autographs for the fans. A female fan was very excited and took a jersey while taking photos. Cristiano Ronaldo warmly reminded: "Never mind the mobile phone and take the jersey." Then the female fan shouted "Hala Madrid".

Technical password of generated image AI

In the past few years, artificial intelligence (AI) has made great progress, and AI’s new products include AI image generator. This is a tool that can convert input statements into images. There are many AI tools for text-to-image conversion, but the most prominent ones are DALL-E 2, Stable Diffusion and Midjourney.

DALL-E 2 is developed by OpenAI and the project of chatgpt is complementary. It generates images through a paragraph of text description. Its GPT-3 converter model trained with more than 10 billion parameters can interpret natural language input and generate corresponding images.

DALL-E 2 mainly consists of two parts-converting user input into a representation of an image (called Prior), and then converting this representation into an actual photo (called Decoder).

The text and images used in it are embedded in another network called CLIP (Contrast Language-Image Pre-training), which is also developed by OpenAI. CLIP is a neural network that returns the best title for the input image. What it does is the opposite of what DALL-E 2 does-it converts images into text, while DALL-E 2 converts text into images. The purpose of introducing CLIP is to learn the connection between visual and text representation of objects.

DALL-E 2′ s job is to train two models. The first one is Prior, which accepts text labels and creates CLIP image embedding. The second is Decoder, which accepts CLIP image embedding and generates images. After the model training is completed, the reasoning process is as follows:

  • The input text is converted into CLIP text embedding using neural network.

  • Use Principal Component Analysis to reduce the dimension of text embedding.

  • Create an image embedding using text embedding.

  • After entering the Decoder step, the diffusion model is used to embed the image into an image.

  • The image is enlarged from 64×64 to 256×256, and finally enlarged to 1024×1024 by using convolutional neural network.

Stable Diffusion is a text-to-image model, which uses CLIP ViT-L/14 text encoder and can adjust the model through text prompts. It separates the imaging process into a "diffusion" process at runtime-starting from the noisy situation, gradually improving the image until there is no noise at all, and gradually approaching the provided text description.

Stable Diffusion is based on Latent Diffusion Model(LDM), which is a top-notch text-to-image synthesis technology. Before understanding the working principle of LDM, let’s look at what is diffusion model and why we need LDM.

Diffusion Models, DM) is a generation model based on Transformer, which samples a piece of data (such as an image) and gradually increases the noise over time until the data cannot be recognized. This model tries to return the image to its original form, and in the process, it learns how to generate pictures or other data.

The problem of DM is that powerful DM often consumes a lot of GPU resources, and the cost of reasoning is quite high due to Sequential Evaluations. In order to train DM on limited computing resources without affecting its quality and flexibility, Stable Diffusion applies DM to powerful Pre-trained Autoencoders.

On this premise, the diffusion model is trained, which makes it possible to achieve an optimal balance between reducing complexity and preserving data details, and significantly improves the visual reality. The cross attention layer is introduced into the model structure, which makes the diffusion model a powerful and flexible generator and realizes the high-resolution image generation based on convolution.

Midjourney is also a tool driven by artificial intelligence, which can generate images according to the user’s prompts. MidJourney is good at adapting to the actual artistic style and creating images with any combination of effects that users want. It is good at environmental effects, especially fantasy and science fiction scenes, which look like the artistic effects of games.

DALL-E 2 uses millions of image data for training, and its output results are more mature, which is very suitable for enterprises to use. When there are more than two characters, the image generated by DALL-E 2 is much better than that generated by Midjourney or Stable Diffusion.

Midjourney is a tool famous for its artistic style. Midjourney uses its Discord robot to send and receive requests for AI servers, and almost everything happens on Discord. The resulting image rarely looks like a photo, it seems to be more like a painting.

Stable Diffusion is an open source model that everyone can use. It has a good understanding of contemporary art images and can produce works of art full of details. However, it needs to explain the complex prompt. Stable Diffusion is more suitable for generating complex and creative illustrations. However, there are some shortcomings in creating general images.