爱上海-爱上海419论坛-爱上海后花园论坛

CCTV News:The State Council Press Office held a press conference on the morning of April 16th, and the relevant person in charge of the National Bureau of Statistics released the main data of national economic operation in the first quarter. From the perspective of various core indicators, China’s economy continued to pick up and made a good start.

According to preliminary accounting, in the first quarter of 2024, the GDP was 296.299 billion yuan, with a year-on-year increase of 5.3% at constant prices. In terms of industries, the added value of the primary industry was 1,153.8 billion yuan, a year-on-year increase of 3.3%; The added value of the secondary industry was 10,984.6 billion yuan, an increase of 6.0%; The added value of the tertiary industry was 17,491.5 billion yuan, an increase of 5.0%.

In the first quarter, industrial production grew rapidly. The added value of industrial enterprises above designated size increased by 6.1% year-on-year, and that of high-tech manufacturing increased by 7.5%, 2.6 percentage points faster than that in the fourth quarter of last year. 1— In February, the total profits of industrial enterprises above designated size reached 914.1 billion yuan, up 10.2% year-on-year.

In the first quarter, market sales grew steadily and service consumption grew rapidly. The total retail sales of social consumer goods was 12,032.7 billion yuan, a year-on-year increase of 4.7%. Retail sales of services increased by 10.0% year-on-year.

The total import and export volume of goods was 10,169.3 billion yuan, up 5.0% year-on-year, and the trade structure continued to be optimized. Investment in fixed assets in China increased by 4.5% year-on-year, 1.5 percentage points faster than that in the previous year, and investment in high-tech industries increased rapidly.

In the first quarter, the national consumer price was flat year-on-year, and the employment situation was generally stable. The income of residents has increased steadily, and the income of rural residents has increased faster than that of urban residents.

Sheng Laiyun, deputy director of the National Bureau of Statistics, said that on the whole, the national economy started well in the first quarter, and the positive factors accumulated, which laid a good foundation for achieving the goals and tasks for the whole year.

The contribution rate of consumption to economic growth reached 73.7% in the first quarter.

In the economic data of the first quarter, we also selected several highlights:Strong consumption vitality, overall stable prices, continuous cultivation of new quality productivity, and industrial recovery.. First of all, in terms of consumption, in the first quarter, the contribution rate of consumption to economic growth reached 73.7%, which played an important supporting role in the economic recovery.

In the first quarter, physical consumption was generally stable. The total retail sales of social consumer goods increased by 4.7% year-on-year in the first quarter, and the total retail sales of social consumer goods exceeded 12 trillion yuan.

At the same time, service consumption grew rapidly. In the first quarter, the retail sales of services increased by 10% year-on-year, which was 6 percentage points higher than the retail sales of commodities. Residents’ service consumption expenditure accounted for 43.3%, an increase of 1.6 percentage points over the same period last year. Service consumption is accelerating.

In addition, online consumption continues to be strong. In the first quarter, the online retail sales of physical goods increased by 11.6% year-on-year. Driven by some new technologies, the new online sales model was constantly innovated and the sales record was constantly refreshed.

Since the beginning of this year, the upgrading consumption of Chinese residents has continued to improve. From the retail point of view, the year-on-year growth rate of sales of sports and entertainment products and communication equipment exceeded double digits. From the perspective of residents, the expenditure on transportation and communication, education, culture and entertainment are also double-digit growth.

In the first quarter, the consumer price index was generally stable.

Consumption is full of vitality. At the same time, the consumer price index (CPI) is generally stable. Official website, the National Bureau of Statistics, released a trend chart on the rise and fall of consumer prices in China, with the blue chart showing year-on-year and the yellow chart showing month-on-month. It can be seen that in March 2024, the national consumer price rose by 0.1% year-on-year and decreased by 1.0% quarter-on-quarter. At the press conference, Sheng Laiyun, deputy director of the National Bureau of Statistics, analyzed that the data in March was mainly due to the seasonal decline in prices after the Spring Festival, and the prices of services such as food and tourism dropped significantly. From a quarterly perspective, the consumer price index is generally stable.

Sheng Laiyun said that from the CPI index itself, the CPI was negative in the fourth quarter of last year, and the average CPI in the fourth quarter was -0.3%, while the CPI in the first quarter of this year was flat year-on-year. From the perspective of ring comparison, the ring comparison in the first quarter of this year was 0.3 percentage points higher than that in the fourth quarter of last year, which is consistent with the economic recovery.

Sheng Laiyun said that from the future trend, consumer prices will slowly pick up at a low level. On the one hand, the economy continues to improve and the total demand is picking up, which is a very important fundamental factor to support the CPI recovery. In addition, the prices of some agricultural products have also reached the inflection point of price adjustment, such as the price of live pigs. The next holiday consumption, including "May Day", will continue to drive the tourism-related travel consumer prices to pick up.

New quality productivity is constantly being cultivated and developed.

Judging from the relevant data in the first quarter, the development of new quality productivity has also begun to show new results in some industries and products.

From the perspective of new industries, emerging industries continue to accelerate their development. In the first quarter, the added value of high-tech manufacturing above designated size increased by 7.5% year-on-year, up by 2.6 percentage points over the fourth quarter of last year; The high-tech service industry continued to maintain a rapid growth trend, with the added value of information transmission, software and information technology services increasing by 13.7%, 2.5 percentage points higher than that in the fourth quarter of last year.

New investment and new infrastructure continued to show a good momentum of development. In the first quarter, investment in high-tech industries increased by 11.4% year-on-year, 1.1 percentage points higher than last year; Investment in high-tech service industry increased by 12.7%.

The upward trend of industrial economy will continue.

Sheng Laiyun, deputy director of the National Bureau of Statistics, introduced at the press conference that under the influence of various factors, the industrial recovery was good in the first quarter, and from the perspective of the development of the post-trend, the industrial economy will continue to recover. However, he also said that China is still in the stage of structural adjustment, transformation and upgrading, and some enterprises have to carry out transformation and upgrading, so they have to bear some pains of transformation.

Sheng Laiyun introduced that the industry recovered well in the first quarter, first of all, it was promoted by policies, and the confidence of enterprise development was increasing.

At the same time, there were positive changes in both internal and external demand in the first quarter. Exports in the first quarter were better than expected, and the industrial product export delivery value was 0.8% in the first quarter of this year, up 3 percentage points from the fourth quarter of last year. From the perspective of domestic demand, the added value of consumer goods in the first quarter of this year increased by 4.2% year-on-year, rising by more than 4 percentage points.

In addition, the industrial recovery is also related to the promotion of some recent policies.

Sheng Laiyun introduced that the central government has introduced a large-scale policy of upgrading equipment and replacing consumer goods with old ones, which has also enhanced the confidence of enterprises to a certain extent. Some enterprises can arrange production in advance. There is also a good reason for the rebound, which is related to the continuous cultivation of new kinetic energy.

Sheng Laiyun said that from the perspective of the post-trend, several reasons that support the industrial recovery will continue to play a role in the future, so comprehensive judgment shows that the industrial economy will continue to recover.

Sheng Laiyun said at the press conference: "In the next stage, China is still in a critical stage of structural adjustment, transformation and upgrading, and some enterprises have to carry out transformation and upgrading, so everyone has to bear some pains of transformation. Due to the adjustment of traditional industries and the cultivation of new kinetic energy, it is normal for some economic growth fluctuations to occur, but the quality of development is constantly improving and high-quality development is constantly improving. This is the fundamentals of China’s economic recovery. "

CCTV News:106 "missile soldiers" from the frontline of combat readiness training, national defense construction and operational support were promoted to the highest rank of soldiers with their superb professional skills. They took the "letter of appointment" from the general and put on a brand-new rank of first-class master sergeant. Sheng Dehua is one of them. He said that it is a special honor and pride to be promoted to the rank of first-class master sergeant and participate in the centralized awarding ceremony. We must take the goal of strengthening the army as the guide and continue to play our professional expertise in our posts to contribute to the upgrading of combat effectiveness.

In June 1975, Sheng Dehua was born in an ordinary peasant family in Group 3, Chengwen Village, Caoyan Town, Dafeng City, Jiangsu Province. It was Sheng Dehua’s wish to be a soldier, and it was his dream in life to go to the battlefield.

Sheng Dehua joined the army in 1993, joined the party in July 1997, put on a green military uniform, entered the military camp, came to the Gobi Desert, and became a glorious plateau rocket soldier. Sheng Dehua’s shooting range post is located on the east side of Taklimakan Desert, 50 kilometers away from Fiona Fang. The surface temperature is as high as 50 degrees Celsius in summer, and the lowest temperature is MINUS 40 degrees Celsius in winter. It is windy and dusty all the year round, and there is no trace of green.

"The environment is bitter, but it is more important to work hard without suffering." Over the years, the spirit of plateau rocket soldiers has been inspiring Sheng Dehua. He and his comrades-in-arms have not been intimidated by the difficult environment and dangerous operations, and have always been meticulous in learning majors, practicing skills and building shooting ranges.

One day in May 2004, Sheng Dehua performed a dud removal task. Under the surface temperature of more than 50 degrees in the Gobi desert, he wore a bulletproof vest weighing 12 kilograms and an airtight bulletproof helmet, and drove an explosion-proof excavator to carry out the bomb disposal operation. After three hours of suffocating excavation, he finally completed the task. The fear is that a dud almost sticks to the inner wall on the right side of the bucket. If the bucket deviates from 10 cm, it is likely to trigger detonation, resulting in car crash and death.

In order to strengthen the vigilance and flood control capability of the shooting range, in June 2010, he volunteered to the brigade leader to dig a warning flood control ditch around the shooting range. At that time, the melting water of the distant snow-capped mountains was coming. In order to catch up with the time, he got up first before dawn every day and worked against the stars and the moon at eleven or twelve in the evening. There was no place to stay, so he simply lived in the cave. One night, the quilt was blown away by the wind, and he chased it for hundreds of meters with a flashlight. During the day, when the temperature in the cockpit is as high as 40 degrees, he takes off his coat and works with bare arms. A month later, a 1.5-meter-deep, 2-meter-wide and 45-kilometer-long warning flood ditch was successfully completed. With excellent operation skills, he dug the flood control ditch as straight as a ruler in the Gobi without reference objects around. Leaders who have been to the shooting range will give a thumbs up: "There is this ‘ Great Wall ’ Guarding, the shooting range safety has nothing to say. "

In the military camp, Sheng Dehua was on duty, driver and position safety officer in a certain regiment’s security company. He also served as the monitor of the road maintenance class of the array company, and he was needed to operate eight types of large machinery such as excavators, elevators and bulldozers. Soldiers regard obeying orders as their bounden duty, and every time they change their posts, they take it easy.

With enthusiasm and persistence, Sheng Dehua went deep into 12 points, including classes and posts, preached the spirit of the 18th National Congress for more than 600 officers and men for more than 20 times, conveyed the party’s voice with the real feelings of participating in the grand event, and answered the concerns of officers and men in military language, which narrowed the distance between everyone and the CPC Central Committee and strengthened the determination and will of the officers and men to take root in the plateau desert and make contributions to the military camp.

On the one hand, it is a lonely outpost, on the other hand, it is a prosperous and wealthy hometown, on the one hand, it is a job that you love, and on the other hand, it is a loved one who has always loved and deeply felt guilty. How to choose? "What makes this profession brilliant is not the military uniform, but the belief that it is hidden in the heart. As a contemporary revolutionary soldier, we must always insist on not abandoning our yearning for ideals and not giving up our persistence in faith. " This is the answer given by Sheng Dehua. (Source: CCTV News, Zhongqing Online)

　　On October 18th,Institute of Mathematics and System Science, China Academy of SciencesInstitute of Systems ScienceSponsored"The 6th System Science Forum and Systematics Seminar Series"existMathematics collegeSouth building 204 lecture halllineAcademician Wan Zhexian, Academician Chen Hanfu, Academician Lin Qun, Academician Lin Huimin, Professor Fang Fukang, Professor Yu Jingyuan,Secretary of the Party Committee of Mathematics CollegeWang ShouyangandVice President Gao Xiaoshan and more than 140 experts, scholars and graduate students from inside and outside the hospital and Beijing.AttendedThis academic activity. This year coincides withThe 35th anniversary of the establishment of the Institute of Systems Science, this activityGather togetherSystem science forum, greenAcademic report in 2000 and "Systematic Seminar Series Activities" organized by Shanghai Academy of Science.The system science forum was presided over by researcher Yang Xiaoguang, deputy director of the Institute of Systems..

　　At the opening ceremony,Speech by Wang Shouyang.First of all, on behalf of the School of Mathematics, he congratulated the system on its 35th anniversary..Over the past 35 years, the system has trained a large number of outstanding talents for China, the world system science and related sciences, and made a series of achievements.haveThe work with important international influence has played an important role in national defense construction, economic security, industrial application and other fields. For the future development of the system institute, he pointed out that system science has great achievements. With the process of globalization, China’s further reform and opening up and the arrival of the era of big data, system science has more major development opportunities and is also facing new major challenges.;System science has its own development model, so we should respect the law, choose our own development strategy and cultivate more outstanding talents.

　　Subsequently, academician Lin Huimin and researcher Wang Shouyang, experts in computer software and theory, gave reports on "Odd-even Game and Model Checking" and "Talking from Rotterdam, the former largest port in the world" respectively.

　　Youth academic report bySystem instituteLi Hongbo, Assistant Director, presided over it..Three young backbone researchers Huang Yi, Yang Cuihong and Feng Xiutao from three key laboratories of the Institute of Systems made speeches respectively.Active Disturbance Rejection Control: Thought, Practice and Analysis》、《Talking about "Made in China"》、《Stream cipher: past, present and future"Report.

　　Director of the systemZhang Jifeng presided overSymposium on system science development.He thanked everyone for their support and help, summarized and reviewed the history and achievements of the system, and encouraged young researchers to work hard, take over the banner of the older generation and strive for greater achievements.The topic of the symposium on the development of systems science is to discuss the development, frontier problems and future trend of systems science. Professor Che Hongan of Shanghai University of Science and Technology gave a keynote speech "Thinking about what kind of innovation should be put forward by Mr. Wu Wenjun". Everyone talked passionately about the development of systematics, and the atmosphere was rich and warm.

　　Finally, Gao Xiaoshan made a concluding speech and introduced the situation of the center of Excellence to everyone.. hepoint out,Most of the achievements of the system come from the older generation of researchers, who have great hopes for young people and hope that everyone will work hard and continue the glory of the system.

　

　Seminar site

　　Cctv news: "Balance the relationship between steady growth and risk prevention. We are confident and capable of winning the battle to prevent and resolve financial risks. " On July 4th, the State Council held a press conference on the effectiveness of measures to promote the structural reform of the financial supply side. The relevant person in charge of China Banking and Insurance Regulatory Commission said that since the beginning of this year, China’s banking and insurance industry has continuously promoted the structural reform of the financial supply side, and the quality effect of financial services to the real economy has been continuously improved.

　　That night, "News Network" broadcast the relevant content. In fact, the conference also said a lot about preventing and defusing financial risks, especially what measures China Banking and Insurance Regulatory Commission has used and what results have been achieved in the past two years.

　　Positive progress has been made in preventing and resolving financial risks.

　　Liang Zhou, Vice Chairman of China Banking and Insurance Regulatory Commission, China, said that China Banking and Insurance Regulatory Commission dares to fight, take responsibility and confront difficulties, resolutely rectify market chaos and increase penalties. Over the past two years, more than 6 billion yuan has been confiscated, exceeding the total punishment in the previous ten years, and more than 8,000 people have been punished for violating the rules, which has formed a powerful shock.

　　Punishment is a means, not an end. The purpose is to force banks and insurance institutions to implement their main responsibilities through supervision and responsibility, maintain market order, protect the fundamental interests of the people, and firmly hold the bottom line that systemic financial risks do not occur.

　　With the efforts of all parties, the risks of high-risk institutions have been gradually resolved, and major cases of illegal fund-raising are being disposed of in an orderly manner. The effect of risk reduction in peer-to-peer lending is quite obvious.

　　The number of online lending institutions decreased by 57% compared with the beginning of 2018.

　　Unswervingly dismantle the high-risk shadow banks, and over the past two years, we have greatly reduced the high-risk financial assets with layers of nesting, complex structure and self-circulation by 13.74 trillion yuan, effectively curbing the financial reality.

　　At the same time, vigorously eradicate the soil of credit risk. In the past two years, the cumulative disposal of non-performing loans has exceeded 4 trillion yuan. At present, the non-performing loan ratio of the banking industry has stabilized at around 2%, and the provision coverage ratio has exceeded 175%. The main regulatory indicators such as the capital adequacy ratio of commercial banks and the comprehensive solvency adequacy ratio of insurance companies are at a good level.

　　Liang Zhou pointed out that "ammunition" to resist risks is sufficient. Financial risks have gradually turned from divergence to convergence, which is generally controllable.

　　Liang Zhou also said that he was clearly aware that there were still many gaps and deficiencies in the banking and insurance industry. If you want to understand and say it clearly, you must finally implement it. In the next step, China Banking and Insurance Regulatory Commission will continue to deepen the structural reform of the financial supply side, focus on enhancing the ability of financial services to the real economy, deepen financial reform and opening up, and balance the relationship between steady growth and risk prevention.

　　"We are confident and capable of winning the tough battle to prevent and resolve financial risks, promoting the continuous development of the banking and insurance industry to high quality, and providing stronger financial support for building a well-off society in an all-round way." Liang Zhou said firmly.

　　Cure chaos, make up shortcomings, maintain high-pressure situation, and rectify according to laws and regulations.

　　Liang Tao, Vice Chairman of China Banking and Insurance Regulatory Commission, China, made supplementary remarks on the work of dealing with chaos and making up shortcomings in the insurance industry. He said that in recent years, due to various reasons, China’s insurance institutions have experienced a rapid development stage, and there have also been blind expansion and chaos. Chaos is mainly manifested in weak corporate governance, illegal use of funds, improper product innovation, misleading sales, untrue financial business data and so on.

　　After the Party Committee of China Banking and Insurance Regulatory Commission was formally established, in May 2018, a meeting was held to promote the work of deepening the rectification of chaos in the banking and insurance markets. Require a comprehensive self-examination, leaving no dead ends. Deploy all insurance institutions to focus on the rectification of market chaos, check their own problems and make serious rectification.

　　The regulatory authorities also focused on key points and carried out regulatory inspections in a solid manner. In 2018, the regulatory authorities conducted 1,466 inspections of insurance institutions, with a total investment of 9,793 person-times. This year, the regulatory authorities at all levels continue to pay attention to the outstanding risks and problems in the insurance industry, and are now entering the market one after another to carry out inspections, which mainly cover corporate governance, solvency, capital utilization, auto insurance, agricultural insurance, short-term health insurance and so on.

　　Through strict punishment according to the law and regulations, we will maintain a high-pressure situation. In particular, the double penalty system has been implemented, and the punishment for senior executives has been strengthened. Various punishment measures have been taken comprehensively, such as limiting the business scope, ordering to stop accepting new business, revoking business licenses, revoking qualifications, and prohibiting entry into the insurance industry, so as to effectively increase the cost of violating laws and regulations, making institutions afraid, unable and unwilling to violate regulations.

　　Through continuous rectification, obvious results have been achieved, and the chaos in the insurance market has been corrected to a great extent.

　　Powerful shock the illegal subject. From January to May this year, 277 insurance institutions were punished, and institutions were fined more than 44 million yuan, ordered to stop accepting new business for 15 times, and their business licenses were revoked for 2 times. 416 responsible persons were punished, individuals were fined nearly 16 million yuan, and 18 people were disqualified.

　　The shortcomings of the system have been effectively compensated. Since 2018, more than 20 regulations and normative documents have been revised. Some problems such as lag, absence, overlapping and conflict have been effectively solved, and the institutional systems in key areas such as corporate governance, capital utilization, product management, consumer rights protection and self-construction of regulatory capacity have been further improved and perfected.

　　There are major risks in institutions, and the failure of corporate governance is an important reason.

　　Corporate governance is the "bull’s nose" for banks and insurance institutions to prevent risks and develop steadily. Many institutions have major risks, and the failure of corporate governance is an important reason. Some reporters have raised relevant questions.

　　In response to a question, Liang Tao said that some time ago, some cases occurred in the financial field, reflecting some outstanding problems in corporate governance of some operating institutions, mainly manifested in opaque and irregular equity relations, such as the problem of holding shares on behalf of others; There is also extensive management of related party transactions, and there is a problem of interest transfer; The development strategy blindly pursues extensive expansion, and the internal control does not match the development speed. In some institutions, the equity management is chaotic, the governance mechanism is ineffective, the "three meetings and one layer" is ineffective, and risks are accumulating.

　　China Banking and Insurance Regulatory Commission attaches great importance to corporate governance. Since the establishment of China Banking and Insurance Regulatory Commission in late March 2018, a symposium on corporate governance of small and medium-sized banks and insurance institutions was held in April to improve the corporate governance mechanism, organize research and deployment of banking and insurance industries.

　　After the promulgation of the "three-set plan", the corporate governance supervision department was set up to co-ordinate the corporate governance supervision of banks and insurance industries. By filling the shortcomings of the system, strengthening inspection and evaluation, and strengthening accountability, we will continue to promote the banking and insurance industries to improve the compliance and effectiveness of corporate governance. In the practice of supervision, we will implement differentiated supervision for different institutions according to specific conditions.

　　For large state-owned banks and insurance companies, we should improve the contents, rules and procedures of "three majors and one big" decision-making. For small and medium-sized commercial banks and insurance companies, we will focus on rectifying the chaos of shareholders’ equity and management transactions, and severely crack down on violations of shareholders’ equity and the transfer of benefits through illegal related party transactions.

　　In the next step, China Banking and Insurance Regulatory Commission will focus on improving the effectiveness of corporate governance of banking and insurance institutions, and continue to strengthen corporate governance supervision. First, make up for the shortcomings of corporate governance supervision system, improve the supervision system of corporate governance in banking and insurance industry, and fill the shortcomings in corporate governance mechanism, equity management and transaction management. The second is to evaluate the corporate governance of banking and insurance institutions, and rectify and implement the problems found. The third is to promote the construction of information system of corporate governance supervision, and improve the information level and scientific level of corporate governance supervision.

　　After low interest rate funds are lent to enterprises, the relevant funds are used for arbitrage.

　　In the first five months of this year, the average interest rate of new loans for inclusive small and micro enterprises issued by five large commercial banks was 4.79%, which was 0.65 percentage points lower than the average level of last year. Some people worry that the interest rate is too low and will not be sustainable in the future. Yang Liping, chief procurator of China Banking and Insurance Regulatory Commission, China, answered this question by herself when answering a reporter’s question. She said that it can be analyzed from the following aspects:

　　From the positioning point of view, large banks issue loans to small and micro enterprises, and the positioning is to protect capital and make small profits. By strengthening cost accounting, improving risk control and constantly improving products and services, banks position micro-financial services as protecting capital and making small profits.

　　Second, the state has given preferential policies for loans to small and micro enterprises. For example, the People’s Bank of China implemented the targeted cuts to required reserve ratios in inclusive finance to create targeted medium-term lending facilities, and the finance and taxation departments also have relevant policies, all of which are required to be reflected in the loan pricing of small and micro enterprises.

　　Third, through big data and cloud computing, large banks can identify risks more accurately and reduce excessive dependence on mortgage guarantees, thus reducing their own capital costs, operating costs and risk costs.

　　Finally, she added that the relevant departments also noticed that there were very few cases in the supervision practice. After individual banks lent low-interest funds to enterprises, the relevant funds were used for arbitrage and bought wealth management products. In this regard, banks are also required to strengthen the management of loan flow, so that low-cost funds will not be misappropriated and better serve small and micro enterprises.

　　In the next step, we will continue to promote services related to small and micro enterprises, including formulating an evaluation system and conducting unannounced visits to enterprises. We will conduct unannounced visits to enterprises in July, August and September this year.

Recently, the People’s Daily reporter visited Myitsone Hydropower Station in Myanmar after the shutdown, and investigated the living conditions of local people in Myanmar and the losses suffered by China Power Investment Group (hereinafter referred to as China Power Investment Corporation) after the suspension of the project. The People’s Daily published this survey article on January 3, 2014.

Myitsone Hydropower Station is the largest hydropower station in the hydropower development project in the upper reaches of Irrawaddy River signed by the governments of China and Myanmar. In March 2009, the governments of China and Myanmar signed the Framework Agreement on Cooperative Development of Hydropower Resources in Myanmar. The installed capacity of Myitsone Hydropower Station is 6 million kilowatts, with a total investment of 3.6 billion US dollars. Construction started first in December 2009, and the first unit is planned to generate electricity in 2017. However, on September 30, 2011, Myanmar President Thein Sein suddenly announced that the Myitsone hydropower project was temporarily put on hold during his term of office on the grounds of "people’s will".

Due to the suspension of the project, both China and Myanmar have suffered huge losses. The main investor, China Power Investment Corporation, bears the brunt. It goes without saying that the initial investment of 7 billion yuan is self-evident, and the financial interest and personnel maintenance fees of these funds are increasing at a rate of 300 million yuan per year. At the same time, the company faces huge claims for breach of contract from suppliers, construction units and other relevant contractors.

Myitsone hydropower station site

Myanmar suffered even more losses. According to the original plan, 30,000 people need to be employed locally for the construction, but only 78,000 people have emigrated to all the Yijiang projects, and all the laborers can be employed during the construction of the power station. Nowadays, many immigrants have no livelihood. Secondly, the confidence of foreign investment has been hit hard. Foreign investment in Myanmar has dropped sharply from $20 billion in fiscal year 2010-2011 to $1.49 billion in fiscal year 2012-2013. Third, economic growth has been frustrated. Experts estimate that Myanmar’s GDP will lose $5 billion every year when Myitsone Power Station is stopped, compared with $40 billion last year. The development of electric power is blocked, which may affect the realization of its goal of tripling its GDP in 2030.

According to the People’s Daily reporter, the Burmese people who opened a shop near the construction site said: "The villagers are actually not opposed to the construction of hydropower stations. Everyone is more concerned about livelihood and safety. We certainly welcome the construction of a safe hydropower station that allows us to use electricity and promote employment."

Among the reasons why some non-governmental organizations oppose the construction of Myitsone Hydropower Station, the clause of selling 90% of electricity to China has aroused nationalist sentiment in the hearts of Burmese people and catered to the western accusation that "China plundered Myanmar’s resources". But these accusations are untenable. According to the calculation, the installed capacity of Myitsone Power Station is 6 million kilowatts, and the annual power generation is three times that of Myanmar’s annual electricity consumption in 2011, which cannot be fully digested by Myanmar’s domestic market. According to the agreement signed between China and the Myanmar government, the Myanmar government will receive 10% of the free electricity from Myitsone Hydropower Station, and at the same time, it will give priority to power supply to Myanmar, waiting for the demand in the Myanmar market to increase. It is possible for the Myitsone Hydropower Station to transmit 100% electricity to Myanmar in the future. Some non-governmental organizations don’t know this situation, and they exaggerate that "China plunders Myanmar’s resources" and incite public opinion.

China Power Investment Corporation has never given up its efforts to restart the Myitsone project. Not long ago, China Power Investment Corporation invited Wu Saimin, deputy speaker of Kachin State Parliament, to lead 21 Kachin State legislators and media representatives to inspect the Myitsone Hydropower Station project, and also invited many Myanmar media as well as international media such as Asia News Channel and BBC to interview the project site. Domestic analysts in Myanmar generally believe that whether the new government can restart Myitsone Hydropower Project after the general election in 2015 depends largely on how China persuades the Myanmar government and local political forces to accept Myitsone Hydropower Project, which is a mutually beneficial project between China and Myanmar. Cheng Zhonghua, director of Myitsone Management Department of China Power Investment Group Yijiang Upstream Hydropower Co., Ltd., told the People’s Daily reporter: "We look forward to returning to work as soon as possible."

Schematic diagram of Myitsone Hydropower Station

The following is the full text of the People’s Daily reporter’s visit to Myitsone Hydropower Station in Myanmar after the shutdown.

Myitsone Hydropower Station is the largest hydropower development project in the upper reaches of Irrawaddy River signed by the Chinese and Burmese governments. According to the plan, seven cascade hydropower stations will be built in the upper reaches of the Yi River, with a total installed capacity of 20 million kilowatts, of which the installed capacity of Myitsone Hydropower Station is 6 million kilowatts.

"This project is a cooperative project signed by the governments of China and Myanmar and invited by the Myanmar government to participate in the development," Cheng Zhonghua, director of Myitsone Management Department of China Power Investment Group (hereinafter referred to as China Power Investment Corporation) Yijiang Upstream Hydropower Co., Ltd., told People’s Daily reporter that in October 2006, the Myanmar government participated in the third China — An invitation was sent to China Power Investment Corporation at the ASEAN Expo; In March 2009, the governments of China and Myanmar signed the Framework Agreement on Cooperative Development of Hydropower Resources in Myanmar. Since then, the hydropower development in the upper reaches of the Yijiang River of China Power Investment Corporation has been comprehensively promoted.

然而，2011年9月30日，缅甸总统吴登盛突然致函缅甸下议院，以“缅甸政府是民选政府，必须尊重人民意愿”为由，宣布在其任期内暂时搁置密松水电项目。近日，记者走进了停工后寂静的密松水电站。

密松水电站位置

仅设备停放导致中方损失每月就高达上千万元人民币

从缅甸克钦邦首府密支那向北行驶约38千米，就是密松水电站项目部。项目部门口尽管有数名保安把守，但大门周围已经长满荒草。进入施工区域后，经常能够看到修了一半的道路，还有很多刚刚打了地基或建了一半的房屋。由于无人看管，杂草从水泥地面的裂缝中钻出来，有的已经有一人多高。

在中电投负责修建的跨伊江大桥前，记者看到这座仅仅完工了一半的桥体静静地矗立在江面上。青绿色的江水从几个巨大的混凝土桥墩旁绕过，桥墩上暴露出已经锈迹斑斑的钢筋和横梁。按照中国公司的计划，水电站修建过程中，中电投将负责为伊江两岸修建共计约800千米的公路，极大方便两岸人民的出行和交通。然而在密松水电站被叫停后，伊江两岸的公路施工也陷入停顿。

Talking about the losses caused by the shutdown to China Company, Cheng Zhonghua said that the annual loan interest of the project reached 300 million yuan. After the construction started, the company delivered large-scale construction equipment worth 700 million yuan from China to the construction site. After the work was stopped in September 2011, the equipment was parked on the construction site. For these large-scale construction equipment maintenance, maintenance and rental costs, the company will lose tens of millions of yuan every month. After a year and a half of coordination with the Myanmar government and local armed forces, and the damaged bridges were repaired, all the equipment was finally shipped back to China at the end of March 2013.

Myitsone hydropower station area

Tens of thousands of local jobs have been lost.

The reporter then went to the immigrant new village next to the project department of Myitsone Hydropower Station. This new immigrant village built on the right bank of the Yi River is Anminda Village, with a total of 325 households, while about 85 immigrants on the left bank of the Yi River are placed in Mariyang Village. According to Cheng Zhonghua, these 400-odd households with more than 2,000 people are mainly villagers in Myitsone Dam area, and they need to be resettled first.

Immigrants’ New Village was completed as early as 2010. Most of the new immigrant villages are tall wooden houses with two-story frame structure, and each household has an independent courtyard. Some villagers with better economic conditions have built cement walls on the basis of wooden houses and planted economic trees, fruit trees and flowers around the courtyard. Immigrants’ new village has opened a wide cement road and running water, with 24-hour free power supply.

The reporter visited the schools and hospitals in Xincun. Both hardware and software conditions are first-class in Myanmar. The school not only accepts students from immigrant villages, but also students from many nearby villages. The teacher of the school, Duo Changda, told the reporter: "There are only three college students in the history of Myitsone. Since the establishment of Anminda Village School, students have been admitted to universities every year, and five students have been admitted this year."

Larry, pastor of Kachin Christian Baptist Church in Anminda Village, told the reporter that some villagers originally planted fruit trees or upland rice on the mountain. After moving into the new village, the land allocated to them by the Myanmar government was far away, and the quality of the land was not good. After the project was stopped, many villagers secretly returned to the reservoir area, continued to plant fruit trees and upland rice, or went to the rivers around the Yi River to engage in activities such as gold panning.

Cheng Zhonghua told reporters that due to the shelving of the project, many people lost their jobs, and the livelihood of immigrants had problems. The company still insisted on distributing rice to immigrants every month, with a total of more than 1,000 tons, which was welcomed by the villagers. If the Myitsone project is under construction, there will be tens of thousands of direct jobs in the peak period, and the number of indirect jobs such as service industry is incalculable. The company requires that local employees be used as much as possible.

"In the past, there were many shops near the construction site, and the business and catering industries were very prosperous. However, after the suspension of the Myitsone project, not only the business of nearby shops was bleak, but also the villagers who used to work on the project lost their jobs, "Minta, who opened a shop near the construction site, told reporters." The villagers are actually not opposed to the construction of hydropower stations. Everyone is more concerned about livelihood and safety. We certainly welcome the construction of a safe hydropower station that will enable us to use electricity and promote employment. "

Myitsone hydropower station site

　

If conditions permit, it will supply 100% power to Myanmar. Is this robbing Myanmar of resources?

Among the reasons why some non-governmental organizations oppose the construction of Myitsone Hydropower Station, the clause of selling 90% of electricity to China has aroused nationalist sentiment in the hearts of Burmese people and catered to the western accusation that "China plundered Myanmar’s resources". Cheng Zhonghua told reporters that in fact, when the company inspected the feasibility of the Myitsone Hydropower Station project, it was most worried about the issue of power sales. If the power sales could not be solved, the project would not be economically feasible, and the investment would not be established.

The construction of Myitsone Hydropower Station was put forward by Myanmar as early as 1952, but it could not be implemented due to technical, financial and market problems. Since the 1960s and 1970s, many enterprises including Kansai Company of Japan have visited Myitsone successively, among which Japanese companies submitted the preliminary development plan of Myitsone to the First Ministry of Electric Power of Myanmar Government in 2002.

Although Myanmar is a country short of electricity, the current consumption of electricity in Myanmar is still in its infancy. According to the calculation, the installed capacity of Myitsone Power Station is 6 million kilowatts, and the annual power generation is three times that of Myanmar’s annual electricity consumption in 2011, which cannot be fully digested by Myanmar’s domestic market. According to the agreement signed between China and the Myanmar government, the Myanmar government will receive 10% of the free electricity from Myitsone Hydropower Station, and at the same time, it will give priority to power supply to Myanmar, waiting for the demand in the Myanmar market to increase. It is possible for the Myitsone Hydropower Station to transmit 100% electricity to Myanmar in the future. However, some non-governmental organizations do not understand this situation, and they exaggerate that "China plunders Myanmar’s resources" and incite public opinion.

Some people in Myanmar oppose China’s construction of Myitsone Hydropower Station.

China introduced the development situation comprehensively, objectively and truly.

At present, the Myanmar government is secretive about the Myitsone hydropower project, and government officials are basically reluctant to mention it in public. Wu Saimeng Rui, Minister of Electric Power and Industry of Kachin State, refused to express his position on the Myitsone Hydropower Project in an interview with People’s Daily. However, there is a hydropower planning map of Kachin State hanging next to Wu Sai Meng Rui’s desk. When introducing Kachin State’s hydropower resources to reporters, Wu Sai Meng Rui deliberately pointed out seven cascade power stations planned and built in the upper reaches of the Yi River on the map.

Wu Saimeng Rui emphasized that hydropower has a unique advantage compared with other electric power. "It is not only cheap, but also recognized as a clean energy source in the world. Kachin State has the richest hydropower resources in Myanmar, but the current utilization rate is only 2.2%. In addition, the lack of high-voltage transmission network in Kachin State is also a big problem." Wu Saimeng Rui said that Myanmar welcomes foreign investment, but believes that the rights and interests of foreign investment can only be guaranteed after peace is achieved in Myanmar.

China Power Investment Corporation has never given up its efforts to restart the Myitsone project. Not long ago, China Power Investment Corporation invited Wu Saimin, deputy speaker of Kachin State Parliament, to lead 21 Kachin State legislators and media representatives to inspect the Myitsone Hydropower Station project, and also invited many Myanmar media as well as international media such as Asia News Channel and BBC to interview the project site. China Power Investment Corporation also published a book "Questions and Answers on the Development of Yijiang Hydropower" in Chinese, Myanmar and English, so that the public can fully, objectively and truly understand the development of Yijiang Hydropower.

Domestic analysts in Myanmar generally believe that whether the new government can restart Myitsone Hydropower Project after the general election in 2015 depends largely on how China persuades the Myanmar government and local political forces to accept Myitsone Hydropower Project, which is a mutually beneficial project between China and Myanmar. At the end of the interview, Cheng Zhonghua solemnly told reporters: "We look forward to returning to work as soon as possible."