Resolutely rectify market chaos. In the past two years, the cumulative disposal of non-performing loans has exceeded 4 trillion yuan.

  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.

People’s Daily reporter visited Myitsone Hydropower Station in Myanmar after the shutdown: Both China and Myanmar lost.

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

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."

People's Daily reporter visited Myitsone Hydropower Station in Myanmar after the shutdown: Both China and Myanmar lost.

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。

People's Daily reporter visited Myitsone Hydropower Station in Myanmar after the shutdown: Both China and Myanmar lost.

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.

People's Daily reporter visited Myitsone Hydropower Station in Myanmar after the shutdown: Both China and Myanmar lost.

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. "

People's Daily reporter visited Myitsone Hydropower Station in Myanmar after the shutdown: Both China and Myanmar lost.

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.

People's Daily reporter visited Myitsone Hydropower Station in Myanmar after the shutdown: Both China and Myanmar lost.

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."

General Administration of Customs: China’s import and export increased by 5.8% in the first four months of this year.

Cctv newsAccording to customs statistics, in the first four months of this year, China’s total import and export value was 13.32 trillion yuan, a year-on-year increase of 5.8%. Among them, exports were 7.67 trillion yuan, an increase of 10.6%; Imports were 5.65 trillion yuan, up by 0.02%; The trade surplus was 2.02 trillion yuan, up 56.7%. In dollar terms, China’s total import and export value in the first four months of this year was 1.94 trillion US dollars, down 1.9%. Among them, exports were 1.12 trillion US dollars, up 2.5%; Imports reached US$ 822.76 billion, down 7.3%; The trade surplus was $294.19 billion, an increase of 45%.

  In April this year, China’s import and export amounted to 3.43 trillion yuan, an increase of 8.9%. Among them, exports were 2.02 trillion yuan, an increase of 16.8%; Imports were 1.41 trillion yuan, down 0.8%; The trade surplus was 618.44 billion yuan, up 96.5%. In dollar terms, China’s import and export in April this year was US$ 500.63 billion, an increase of 1.1%. Among them, the export was 295.42 billion US dollars, an increase of 8.5%; Imports reached US$ 205.21 billion, down 7.9%; The trade surplus was $90.21 billion, an increase of 82.3%.

  Main features of China’s foreign trade import and export in the first four months of this year:

  The proportion of import and export of general trade has increased. In the first four months, China’s general trade import and export was 8.72 trillion yuan, up 8.5%, accounting for 65.4% of China’s total foreign trade, up 1.6 percentage points over the same period last year. Among them, exports reached 5.01 trillion yuan, up by 14.1%; Imports reached 3.71 trillion yuan, up by 1.8%. In the same period, the import and export of processing trade was 2.38 trillion yuan, down 9.8%, accounting for 17.9%. Among them, exports were 1.57 trillion yuan, down 4.7%; Imports reached 810.78 billion yuan, down 18.2%. In addition, China’s import and export by bonded logistics was 1.73 trillion yuan, an increase of 15.4%. Among them, the export was 676.42 billion yuan, an increase of 23.4%; Imports reached 1.05 trillion yuan, up by 10.8%.

  Imports and exports to ASEAN and the European Union increased, while those to the United States and Japan declined. In the first four months, ASEAN was my largest trading partner, and my total trade with ASEAN was 2.09 trillion yuan, up by 13.9%, accounting for 15.7% of my total foreign trade. Among them, exports to ASEAN were 1.27 trillion yuan, an increase of 24.1%; Imports from ASEAN reached 820.03 billion yuan, up by 1.1%; The trade surplus with ASEAN was 451.55 billion yuan, an increase of 111.4%. The EU is my second largest trading partner, and my total trade with the EU is 1.8 trillion yuan, up by 4.2%, accounting for 13.5%. Among them, exports to the EU reached 1.17 trillion yuan, up by 3.2%; Imports from the EU reached 631.35 billion yuan, an increase of 5.9%; The trade surplus with the EU was 541.46 billion yuan, up 0.3%. The United States is my third largest trading partner, and my total trade with the United States is 1.5 trillion yuan, down 4.2%, accounting for 11.2%. Among them, exports to the United States were 1.09 trillion yuan, down 7.5%; Imports from the United States were 410.06 billion yuan, an increase of 5.8%; The trade surplus with the United States was 676.89 billion yuan, narrowing by 14.1%. Japan is my fourth largest trading partner, and my total trade with Japan is 731.66 billion yuan, down 2.6%, accounting for 5.5%. Among them, exports to Japan were 375.24 billion yuan, an increase of 8.7%; Imports from Japan were 356.42 billion yuan, down 12.1%; The trade surplus with Japan was 18.82 billion yuan, compared with a trade deficit of 60.44 billion yuan in the same period last year. In the same period, China’ sThe total import and export of countries along the Belt and Road Initiative was 4.61 trillion yuan, an increase of 16%. Among them, exports were 2.76 trillion yuan, an increase of 26%; Imports reached 1.85 trillion yuan, an increase of 3.8%.

  The proportion of import and export of private enterprises exceeds 50%. In the first four months, the import and export of private enterprises was 7.05 trillion yuan, up 15.8%, accounting for 52.9% of China’s total foreign trade, up 4.6 percentage points over the same period last year. Among them, exports were 4.86 trillion yuan, up 20.2%, accounting for 63.3% of the total export value; Imports reached 2.19 trillion yuan, up 7.1%, accounting for 38.8% of the total import value. The import and export of state-owned enterprises was 2.18 trillion yuan, up 5.7%, accounting for 16.4% of China’s total foreign trade. Among them, exports were 605.24 billion yuan, up by 13.6%; Imports reached 1.57 trillion yuan, an increase of 3%. In the same period, the import and export of foreign-invested enterprises was 4.06 trillion yuan, down 8.2%, accounting for 30.5% of China’s total foreign trade. Among them, exports were 2.2 trillion yuan, down 6.9%; Imports reached 1.86 trillion yuan, down 9.8%.

  Exports of mechanical and electrical products and labor-intensive products all increased. In the first four months, China exported 4.44 trillion yuan of mechanical and electrical products, an increase of 10.5%, accounting for 57.9% of the total export value. Among them, the automobile was 204.53 billion yuan, an increase of 120.3%; Mobile phones reached 282.95 billion yuan, down 3.2%. In the same period, the export of labor products was 1.31 trillion yuan, an increase of 8.8%, accounting for 17.1%. Among them, clothing and clothing accessories were 330.46 billion yuan, an increase of 10.6%; Textiles reached 307.84 billion yuan, down by 0.8%; Plastic products reached 235.15 billion yuan, up by 12.6%.

  The import price of iron ore, crude oil and coal increased and fell, the import price of natural gas decreased, and the import price of soybean increased. In the first four months, China imported 385 million tons of iron ore, up 8.6%, and the average import price (the same below) was 781.4 yuan per ton, down 4.6%; 179 million tons of crude oil, up by 4.6% to 4017.7 yuan per ton, down by 8.9%; 142 million tons of coal, an increase of 88.8%, 897.5 yuan per ton, down 11.8%; Refined oil was 13.587 million tons, up 68.6% and 4084.4 yuan per ton, down 19.1%. In the same period, imported natural gas was 35.687 million tons, a decrease of 0.3% and 4,151 yuan per ton, an increase of 8%. In addition, 30.286 million tons of soybeans were imported, up by 6.8% to 4,559.8 yuan per ton, up by 14.1%. Imports of plastics with primary shapes were 9.511 million tons, down by 7.6%, and 10.8% per ton was 10,800 yuan; The unwrought copper and copper products reached 1,695,000 tons, down by 12.6% to 61,000 yuan per ton, down by 5.8%. In the same period, the import of mechanical and electrical products was 1.93 trillion yuan, down 14.4%. Among them, there were 146.84 billion integrated circuits, a decrease of 21.1%, with a value of 724.08 billion yuan, a decrease of 19.8%; There were 225,000 automobiles, a decrease of 28.9% and a value of 100.41 billion yuan, a decrease of 21.6%.

Domestic vaccines account for more than 95% of the actual vaccination in China, and the quality is comparable to the international level.

  Vaccine is a biological product for preventing and controlling the occurrence and prevalence of infectious diseases, and it is of great significance to protect human health. The reporter learned from National Medical Products Administration that at present, China is the largest vaccine producer in the world, with 45 vaccine manufacturers, which can produce 63 kinds of vaccines and prevent 34 kinds of infectious diseases, with an annual production capacity of more than 1 billion doses. It is one of the few countries and regions in the world that can solve all planned immunization vaccines on their own.

  Taking children’s vaccines as an example, at present, China’s children’s immunization program covers 12 vaccine-preventable diseases, basically covering all key vaccine types recommended by the World Health Organization, and individual vaccines such as Japanese encephalitis are included in children’s immunization programs before other countries and regions. Since the implementation of immunization program in 1978, the R&D and production capacity of vaccine manufacturers in China has been continuously improved, and polio caused by wild strains has been eliminated, and diseases such as hepatitis B, measles, diphtheria, pertussis, tetanus, tuberculosis and Japanese encephalitis have been controlled. In particular, domestic inactivated enterovirus 71 vaccine (hand, foot and mouth disease vaccine) and recombinant hepatitis E vaccine are the first in the world.

  However, many parents still hesitate when choosing to vaccinate domestic vaccines. "There is no obvious difference between domestic and imported vaccines in terms of quality standards, safety and use." Wang Huaqing, chief expert of China CDC, said that both domestic vaccines and imported vaccines must strictly follow the requirements of the State Drug Administration, strictly carry out pre-marketing clinical research, and the production meets GMP requirements. Each batch of vaccines can only be put on the market after passing the strict batch issuance inspection. Judging from the current domestic vaccination situation, domestic vaccines account for more than 95% of the actual vaccination in the country.

  "Before the vaccine is put on the market, it is necessary to implement a strict batch issuance system, which is an important barrier in the process of vaccine delivery and circulation, that is, the drug inspection agency should inspect and review its data according to the standards, which is equivalent to adding another weight to vaccine safety besides ordinary drugs ‘ Insurance ’ 。” Wang Youchun, vice president of China Institute of Food and Drug Control, said that as early as 2006, China had managed the batch issuance of all vaccines. At present, among the more than 190 member countries of the World Health Organization, only more than 30 countries have the full supervision function of vaccines recognized by the World Health Organization.

  At the same time, in order to understand the quality status of vaccines on the market, find out quality problems and hidden dangers, and take corresponding risk control measures in time, since 2008, the national drug regulatory authorities have carried out evaluation sampling tests on some vaccines every year, that is, the vaccine products are selected from three aspects: production, circulation and use for quality inspection and result analysis. Statistics show that at present, China issues about 5000 batches and 700 million dosage units of vaccines every year. From 2006 to 2017, a total of 317 batches of unqualified vaccines were refused, with about 19 million people. Judging from the sampling inspection, the country has sampled 944 batches of vaccine products since 2008, with a qualified rate of 99.6%.

  In fact, China’s vaccine management not only follows the most stringent standards, but also the formed vaccine supervision system has passed the evaluation of the national supervision system of the World Health Organization. "This assessment is not only a comprehensive consideration of the ability of a national vaccine regulatory agency, but also the basis and premise for vaccine manufacturers in this country to apply for WHO product pre-certification and enter international procurement channels." For example, Wang Youchun said that domestic vaccines such as live attenuated Japanese encephalitis vaccine produced by Chengdu Institute of Biological Products, oral type I and type III polio vaccine produced by Beijing Beishengyan Biological Company, influenza vaccine produced by Hualan Biological Company and inactivated hepatitis A vaccine produced by Beijing Kexing Biological Company have successively passed the product pre-certification of the World Health Organization, and have been successively purchased by UNICEF and Global Alliance for Vaccine Immunization for disease prevention and control in other countries.

  With the increasingly strict supervision, in recent years, the quality standards of vaccines listed in China have reached the requirements of the World Health Organization for vaccine products, and the key indicators of some varieties are even higher than those in Europe and America. Wang Youchun said that at present, China has established a coverage vaccine "research and development — Production — Circulation — "Vaccination" has a complete vaccine supervision system, legal system and standard management, a scientific and rigorous vaccine registration and approval system has been established, and good manufacturing practice, which is in line with the international advanced level, and strict quality management standards for drug business have been implemented. (Economic Daily-China Economic Net reporter Ji Leilei)

China as I understand it

Editor’s Note: This article comes from WeChat WeChat official account Gelonghui CLUB, written by Yong Rong Asset Huang Yong, reproduced by Entrepreneurial State with authorization.

Author’s introduction: Mr. Huang Yong founded Yongrong Asset Management Co., Ltd. in 2011 as the company’s chief investment officer.

I am a very ordinary investor, managing a small fund, with average results. I haven’t done a lot of business in China, but I have seen many business models and national patterns with my unconstrained learning and curiosity. I am extremely optimistic and optimistic about the country where I grew up and lived, as follows.

A company that has achieved great success in the commercial field is called Amazon. Bezos, the founder of this company, said in a letter to shareholders in 1997 that the most important thing is about the long term. The biggest feature of this company is continuous investment, no profit, and all the operating cash flow obtained is invested in the future he believes, so after 22 years of persistence, Amazon has become the world’s largest company with market value.

Why mention Amazon? Because in the business field, Amazon is the most remarkable enterprise in my opinion. In 2019, I insisted on reading Bezos’ letter to shareholders for 50 times. The compound interest generated by long-term doctrine has great magic, but the super-large organization that insists on long-term doctrine most in the world is the China Municipal Government. When I was in junior high school, the political textbook talked about the five-year plan. So far, China has issued 13 five-year plans.

In the first few years of my investment, my analysts and I had some differences about the sustainability of China’s economic growth. Analysts believe that the proportion of infrastructure investment in GDP is too large and the efficiency is too low, and it seems that the overall economic growth depends on the continuous construction of roads, bridges and highways every year. In 2008, during the global financial crisis, China announced 4 trillion yuan of infrastructure projects, and China bought the largest amount of iron ore in the world, completely ignoring the so-called cycle of taking a break of one or two years before investing, which seems totally out of line with the law. A few years before I first came to work in Shenzhen, I didn’t go back to my hometown in Hunan, and the traffic was not very convenient. Once I borrowed a friend’s car, and the bumpy road scratched the chassis. After about three years, I drove back again and the road was smooth. Then, the high-speed rail was opened, and I found that the experience of returning to Hunan was better. After more than three hours in Changsha, the number of times I went back to Hunan naturally increased.

Huge positive externalities have emerged. With the seemingly inefficient investment return and crazy investment of the government, the circulation of commerce, people, logistics and information has been ignited. Do you know what life on earth comes from? It is the flow of ocean currents and the constant innovation attempts of various combinations that gave birth to life. In the soil like China, totally different commercial species with higher dimensions have grown. Without the super-efficient and ultra-low-cost infrastructure, it is hard to imagine the rapid rise of companies like Pinduoduo and Meituan.

When I was studying western economics in college, the government’s main indicators of concern for the economy were inflation and unemployment. In recent years, I have been looking at American stocks and found that the most concerned indicator of the government is actually the stock market. The fundamental reason is that the stock market is something that is easy to be concerned by everyone and has a newer frequency. This thing replaces inflation and unemployment to unify everyone’s minds. But this thing is deadly, it can only go up but not down, and once it falls, it is worried about losing the confidence of its supporters.

The United States is basically a political system that serves big capital. Boeing is a representative of a core American company. To what extent is the value of capital kidnapping? In order to save R&D costs, Boeing replaced hardware updates with software systems. As a result, something went wrong and R&D investment was insufficient. In good times, the company used all the cash it earned to buy back its own shares. This is not enough. Out of full confidence in the future, I borrowed more money to buy back to stimulate the stock price, and abruptly turned myself into a company with negative equity. What do you mean, it is an insolvent company. Under normal circumstances, the market is happy to see its success. However, this epidemic superimposed many vulnerabilities, which made this company that was kidnapped by capitalists have an accident, and its stock price fell like the speed of light. Now I can only ask the government for help shamelessly. There are not a few companies that are insolvent to buy back.

Human beings are willing to believe what they see in front of them, but only long-termism can see what they believe in the future. The super-large organization with the most long-termism spirit in the world is the China Municipal Government, which is our greatest luck as Chinese. Investment in infrastructure is the best business model, and China government has been practicing this business model for a long time on a huge scale.

If we regard this epidemic as an examination and test, it first spread in China, and the decision made by the China government showed foresight and super-efficient execution. Exponential growth is a terrible growth model. Its important feature is that it is not obvious in the early stage and is often overlooked. Just like the concept of compound interest in investment, time and exponential growth are the biggest enemies of all unimaginative managers and decision makers.

Facts have proved that so far, managers in all powerful developed countries lack this ability to think, and they appear to be kidnapped by short-sightedness. A country with the earliest outbreak of epidemic finally became the safest country in the world. It is definitely not just a correct decision to close Wuhan, but the super confidence accumulated by the government over the years that permeates the management execution of capillaries and the efficiency of economic and industrial networks. Governing a big country is like cooking small things and freezing for three days. From the perspective of overcoming the epidemic, China is the only "developed" country in the world.

In my opinion, strengthening loop and adjusting loop are the most ideal basic concepts of investment model, and Soros’s reflexivity theory can also be explained by these two basic concepts. To put it simply, it is because of strengthening the fruit and strengthening the cause that the continuous strengthening is called the enhancement loop. For example, the network structure of e-commerce, the number of users and the number of merchants reinforce each other. The most suitable structure of the enhancement loop is the network structure, which is also one of the most powerful structures in my opinion. For example, the panic of this virus, the increase in the number of users of Zoom, the glory of the king, Pinduoduo and so on.

China has probably formed several powerful network structures:

1. Industrial network structure. The communication efficiency between one node and another node depends on the feedback speed between the two nodes. The denser the nodes, the denser the nodes will be. Thanks to China’s reform and opening-up policy and the opportunity to join the WTO, China has made great efforts to improve its economy. The advantage of low cost absorbed the industrial transfer of developed countries around the world, and then slowly evolved from the initial labor cost advantage to the efficiency advantage brought by the network structure itself. We know that the labor cost in China is no longer advantageous today, but if the industrial chain is transferred to other countries, it will lead to the inefficiency of any node, which will lead to the overall inefficiency. This is not determined by the policy, but by the efficiency requirements of the business itself. For example, an innovative enterprise of electronic products, no matter where your global headquarters is, if you don’t have a resident procurement engineer in Shenzhen, you can almost think that you haven’t understood what efficient supply chain management is all about.

2. Information Internet structure. The country that benefits most from the progress of information technology in the world is China. When Amazon rose in the United States, it already had very powerful Wal-Mart and Costco, while Alibaba faced a very backward distribution system. The high popularity of credit cards in the United States makes it less important to improve the experience of marginal innovation in payment, which makes the advanced degree of online payment completely unable to compare with WeChat payment and Alipay in China. By the way, the steam engine revolution has strengthened Britain, but the advantages it has created have made the electrical revolution more thorough in Germany. The first country to be fully online must be China, which has the least obstacles. In this epidemic, people living in cities don’t have to worry about their daily lives. They can use the Meituan group to order food or buy food. Don’t worry about communication, you can feel any changes in the world in your circle of friends and Tik Tok. Working from home can use nails and Tencent meetings. It is completely unnecessary to worry that paying cash will infect the virus. It is estimated that many people have long since lost their bank cards.

3. Super-urban agglomeration built by big urbanization and high-speed rail. People go to cities for a better life. The city itself is a network structure that links more business opportunities, educational resources and medical resources, and has a more efficient division of labor and interaction. The biggest investment opportunity in the process of urbanization with a population of 1.4 billion is to invest in real estate in core cities. Because the holding cost of real estate in China is much lower than that in developed countries, houses instead of stocks have become the core of the people? Assets. High-speed rail connects cities, such as Pearl River Delta, Yangtze River Delta and Beijing-Tianjin-Hebei. The city scale effect and network effect produced by the links in these areas are enough to stimulate countless entrepreneurs to work hard in every subdivision for success, because success in any sense is unimaginable.

Relatively speaking, Hong Kong, Australia and other developed regions are facing the possibility of class solidification and stimulating contradictions because of their insufficient population size advantages and insufficient incentives for innovation. China’s rich list rarely solidifies for more than 10 years. This is because there are enough possibilities for innovators to break through the monopoly of traditional industries, and any business form is challenged by innovators. This is the fundamental reason why a country is full of hope. We should be wary of any form of monopoly that will stifle the future. Network structure is a powerful structure, or a very good strategy, which makes it impossible for competitors to catch up in the same way or by simply copying resources. Today, no country in the world can try to split a single industrial network node in China. Even if this country is the United States, no company can simply provide a chat tool to catch up with WeChat, because our circle of friends is all on the Internet. Today, the process of urbanization in China is vast, and the division of labor is the foundation of human civilization. The superposition of these networks continues to prosper, creating a more powerful ecology.

In the product of Tik Tok, any actions of users will be recorded, such as the duration of stay in each video, the total duration of stay in a certain type of video, whether it is 1 second or 5 seconds, and so on. Tik Tok’s system will choose to send more suitable content according to the user’s behavior, so the user’s behavior and content distribution form a system that can be continuously optimized in experience, thus enhancing the experience of this product.

In this epidemic, I observed two events:

1. Li Wenliang incident. In the early morning of February 7th, I suddenly saw a full screen of friends mourning Li Wenliang. This scene made everyone who felt the same way cry, and I was no exception. Why are so many people who don’t know Li Wenliang thanking this anti-epidemic hero who whistles but is regarded as a rumor monger? Because of his ordinary status, the first kind reminder was warned and admonished by the police, and the people’s emotions were mobilized. Everyone was aggrieved by this ordinary hero. At 13:09 p.m. that day, the State Supervision appointed an investigation team to investigate the relevant issues in Li Wenliang, and the official website of WHO mourned Li Wenliang. Afterwards, the Public Security Bureau informed the Li Wenliang incident to cancel the admonition and apologized to the family.

2. Grateful events. On March 7, a word "gratitude" was widely discussed in the circle of friends. The reason was that the leaders in Wuhan asked the people of Wuhan to express gratitude to the party and the country. In the case that the epidemic situation has not been stabilized and comprehensively improved, it has inspired countless netizens to crusade. The government is the people’s government, and the government and the party should first express gratitude to the families who died for the epidemic and the Wuhan people who made sacrifices to seal the city. Although many posts on the Internet can be forwarded or not, we soon saw the voice of thanks from the government and even the top leaders. Later, in Tik Tok, we saw many expressions of deep gratitude from the local people in Hubei to the rescue team, which caused countless tears.

These two events verify my idea that the government and the people have worked together to build a self-evolving system. In the face of an uncertain event, whether it is Li Wenliang, the police, local leaders or senior leaders, I believe that each of them has good intentions at first, but in the absence of complete information, it depends on luck to make the right decision at the first time. The panic of information and the spread of virus are very harmful, and you will face uncertainty in any direction, but more information feedback can find a better solution in a system. China is lucky and powerful. There are not only guoshi Zhong Nanshan and Li Lanjuan, but also countless retrograde heroes who go to epidemic areas. The government is very good. After finding the correct solution, it acted quickly and implemented it in place, which abruptly pulled countless people back from the disaster. Compared with other countries, it is found that no country in the world can do better than China in the case of Wuhan, which is a miracle created by the unity of the government and the people.

A self-evolving system has strong error correction ability and anti-vulnerability ability. In the face of environmental changes, not the smartest species nor the most powerful species can survive, but the species that can adapt to changes best can survive. At least it can be judged that the system formed by the people and the government of China is not an arrogant system. After the Cultural Revolution, we experienced SARS, and we emerged from the trauma and became stronger. The government shows a very good tolerance and grasp of a stable society, that is, it does not excessively suppress speech, nor does it allow speech that causes panic to spread easily. A stable society is the well-being of all people, and this balance requires the government’s high wisdom.

The future is very uncertain, just as a quarter ago, we couldn’t imagine that we spent this quarter in a way of witnessing history, and the process was still going on in an out-of-control way. I think it is necessary to ask why I have more confidence in China’s way of choosing leaders. If political governance is regarded as a top professional competition, China has been screening the best players for a long time and with great intensity. The best leaders at the municipal level grow up to be provincial leaders, and the best leaders at the provincial level grow up to be national leaders. Every position must be inspected for a long time. This kind of selection is like choosing the one who can play best from a professional team. This is a systematic approach. They also have enough experience and wisdom in dealing with various problems. Compared with the United States, I think it may be because the shouting is loud, which makes the people feel that the shouting is reasonable, or makes the big capitalists feel that it will not hurt their interests. It’s hard to imagine that one system uses top professional players for a long time and the other system uses amateur players for a long time. There will be no difference between the two in the long run.

In 2013, we studied Qihoo 360, a free antivirus software company with hundreds of millions of users, which was still listed in the United States at that time. In the process of research, it is found that such an easy-to-use tool may be difficult to become a friend of time, and the tool will be eliminated with the improvement of the system. Viruses are the most annoying thing when we use computers. If we are accidentally infected with viruses, the whole computer needs to be formatted and reinstalled, but who should be responsible for antivirus? It should be a good thing for an underlying operating system. Microsoft’s Windows is obviously not doing well, but it is constantly being patched and optimized. We now use Apple’s mobile phone, because Jobs is an extreme user experience advocate, so Apple’s operating system is closed, and we use the iOS system to find that there is no need for anti-virus software. Using iOS and Android as time goes on, Android will slow down and become stuck, and iOS will always maintain better fluency and user experience.

China’s government’s anti-vice campaign is a great project. I think since the government promoted this project, China has officially stepped forward to become the country with the most security and happiness in the world. In China, it is illegal to hold a gun. You don’t have to worry about sudden unexpected trouble and violent incidents, because the government’s enforcement is very thorough, and this action has penetrated into every county and village, which really provides an environment for living and working in peace. Today, the cost of committing crimes in China has become very high. In Shenzhen, a lost mobile phone can be found within one hour, and basically the traces left by the crime will be tracked by the ubiquitous Skynet. Therefore, in China, it is happy to choose to be a good person, but it is more and more difficult to be a bad person.

Why is China’s efficiency against Covid-19 much higher than that of other developed countries? The most fundamental reason is that this country is doing a better job in order. A city with a population of more than 10 million was closed when it was closed, and each province sent support teams to Hubei for counterpart assistance, thus solving the problem of medical run. Everyone has WeChat, and the government can track everyone’s whereabouts. The entry and exit of the community is a good gateway, and the nodes and routes are clear. After the infected and suspected infected contact people are tracked, they can clearly take the initiative. In other words, China is the only country with clear data on the measures to combat the epidemic. When the epidemic broke out all over the world, China became the best and safest country in the world to control the epidemic.

How important is the sense of security, which is the most important factor for a species, a civilization and a country. If you don’t believe me, look at the history of the rise of the United States, because in the more than 100 years of the European war, the most remarkable group of European elites left their motherland and went to the United States, far away from the battlefield, because survival is human instinct.

China is the longest-lasting human civilization in the world. The genes of agricultural civilization originating from the Loess Plateau inherit cooperation, mutual help, and harmony between the old and the old, the young and the young. The first divination of the Book of Changes, the dry divination, is a country with dragon’s blood. It is about to cross the dry all day long or jump in the deep, an oriental dragon ready to take off at any time. This is our country. It is the greatest luck to be born in a great country in a great era. With this article, I would like to express my great love for this country and arouse more people’s feelings.

This article (including pictures) is reproduced by the cooperative media and does not represent the position of the entrepreneurial state. Please contact the original author for reprinting. If you have any questions, please contact editor@cyzone.cn.

The Internet exposed a number of film plans, Deng Chao cooperated with Zhang Jiajia and Zhou Xun to partner Yao Chen

"Ferryman" and "To Youth 2" projects were exposed

    1905 movie network news Recently, some netizens on Weibo revealed several new film plans for 2015. In addition to the already public "To Youth 2", which has been produced by Wang Jiawei, directed by Zhang Jiajia, and starred by Wu Yifan, the lineup of several other films is also quite interesting. Among them, Zhou Xun and Yao Chen will co-star in "Love Returns to CBD", Deng Chao will star in Zhang Jiajia’s film adaptation, and Peng Yuyan and Zhou Dongyu will co-star in the film, all of which were first exposed in 2015.

    Previously, the news that "Ferryman" was produced by Wong Kar-wai, directed by Zhang Jiajia, and starring Tony Leung has been officially announced by the filmmaker Ali Pictures, and the exposed information also revealed that a first-line popular actress is also in talks. The film will be released before June 2016. In addition to the male lead Wu Yifan who has signed the contract, "To Youth 2, You Are Here" is also negotiating for Angelababy and Jing Boran to star. The film is expected to be released by the end of this year.

"Love Returns to CBD" and "Passing Through Your World" plans were exposed

    The news of several films in this revelation can be described as heavy news. Zhou Xun and Yao Chen have signed on to star in "Love Returns to CBD". The director of the film is Lu Yang, who has successfully directed, and the two male lead candidates are also likely to be Wu Yanzu and Feng Shaofeng in negotiations. If true, the lineup is strong. The film is an inspirational female film about Zhou Xun’s role as a female assistant at a Wall Street investment bank who is determined to pursue and reinvent herself under the dilemma of love and morality. It will start in Beijing, Hong Kong and New York in March this year, and is expected to be released in the New Year’s Eve in 2016.

    Previously, the news that Zhang Jiajia’s work "Passing Through Your World" would be made into a movie attracted much attention, and this time, Zhang Jiajia served as the producer of the film, and the director and starring candidates will be Zhang Yibai and Deng Chao. The film will also be released in the first half of this year and will be released within next year.

The Tibetan White Paper will star Peng Yuyan and Zhou Dongyu

    The previously rumored "Tibetan White Paper" starring Peng Yuyan and Yang Zishan has also been exposed. The candidate for the male lead of the film is still Peng Yuyan, and the candidate for the female lead has become Zhou Dongyu. Based on the diary-style novel of the same name written by real people and true events, the film tells the road love story of a Hong Kong boy and a Jiangxi girl who meet in Lhasa in 2003 during SARS. Directed by director Lin Yuxian and produced by Guan Jinpeng, it will be released before June next year.

Breaking the ice is blocked! It is not easy to say "warming up" in US-Russian relations.

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  CCTV News:During the campaign and after taking office, Trump repeatedly said that he would improve relations with Russia. Putin and Russia also reciprocated and made a positive response. But today, under the heavy resistance at home and abroad, the relationship between the United States and Russia is hard to break.

  Recently, Flynn, assistant to the President of the United States for national security affairs, was heated up by the American media because of his resignation because of "leaking secrets" during a secret talk with the Russian ambassador. Some American media even pointed the finger at Trump himself.

  Trump had to make it clear at the White House press conference on the 16th: I have nothing to do with Russia.

  Reporter:Do you know that your team members had contact with Russia during the election?

  US President Trump:I’ve already said it’s Flynn. Flynn is one, but he’s the one who deals with this problem. That’s his job.

  Reporter:During the presidential campaign, too?

  US President Trump:No, no, as far as I know, no one (has contact with Russia).

  Reporter:Didn’t you know that someone on the team had contact with Russia during the campaign?

  US President Trump:How many times do I have to answer this question?

  Reporter:Can you answer yes or no?

o

  US President Trump:Contact with Russia is a conspiracy. I know you stood up and asked questions. This is too important. The whole incident is a conspiracy. I have nothing to do with Russia.

  The US media "blocked" and even exposed Russian military actions.

  In addition to hyping "collaboration with the enemy", the American media also tried to play up the Russian threat. Recently, the US media quoted US military officials as saying that they have successively exposed the news that Russian troops are carrying out offensive military actions. This includes the Russian "spy ship" mentioned by Trump appearing on the east coast of the United States.

  CBS reported that a Russian spy ship approached the east coast of the United States on the morning of 14th Eastern Time, and was only 100 kilometers away from Delaware. Although the ship was sailing in international waters, it was equipped with spy equipment and surface-to-air missiles that could intercept communication signals.

  Four Russian military planes approached the US destroyer.

  Just a few days ago, on the 10th of this month, when the guided missile destroyer "Porter" of the United States was sailing in the Black Sea, it was similar to last year when it was approached by Russian fighters. This time, a Russian reconnaissance plane approached and flew low, and then three Russian fighters approached and flew low. Recently, it was less than one kilometer away from the American destroyer. American officials said that such a move was unsafe and unprofessional.

  Russia secretly deploys short-and medium-range cruise missiles

  In addition, The New York Times recently reported that Russia is secretly deploying land-based short-range cruise missiles, which are explicitly banned by Intermediate-Range Nuclear Forces Treaty. Intermediate-Range Nuclear Forces Treaty was signed by the Soviet Union and the United States in December 1987, which is called the Treaty between the Soviet Union and the United States on the Elimination of Intermediate-range and Short-range Missiles. According to the treaty, the Soviet Union and the United States will completely destroy and completely ban short-and medium-range missiles with a range of 500 to 1,000 kilometers and medium-range missiles with a range of 1,000 to 5,000 kilometers.

  The report also said that the short-and medium-range cruise missiles deployed by Russia can carry nuclear warheads. The deployment time was in December last year, when it was still during the Obama administration. Now, the Trump administration must respond to this.

  US officials said that Russia’s move was a flagrant violation of Intermediate-Range Nuclear Forces Treaty and questioned Russia’s sincerity in reducing its weapons.

  Russian Defense Ministry: Russian warplanes approach "nothing"

  The Russian Defense Ministry responded to the report that Russian warplanes approached the US guided missile destroyer. On the 14th, Konashenkov, spokesman of the Ministry of Defense, said that the American media reports were "totally false".

  Secretary Putin: Russia always abides by its international obligations.

  On the 15th, Russian Presidential Press Secretary peskov also denied the news that the US media reported that "Russia secretly deployed short-range cruise missiles".

  Russian Presidential Press Secretary peskov:No one has formally accused Russia of violating Intermediate-Range Nuclear Forces Treaty, and the source of the information you mentioned has not been stated. There is no doubt that Russia has always abided by its international obligations, including the treaty framework you mentioned.

  Trump: Or let Putin lose confidence in me.

  In response to recent reports that Russian spy ships appeared near the east coast of the United States, some American media said that this was Putin testing Trump. In response, Trump responded at the White House press conference.

  Reporter:Do you think Putin is testing you?

  US President Trump:I don’t think so. Putin may think that he can’t reach any agreement with me, because (media reports) make a politician who tries to reach an agreement (with other countries) politically unpopular.

  In the United States, there are obstacles to the recovery of US-Russian relations, in addition to the media and the military. On the 16th, the new US Defense Minister Matisse made it clear that the United States "has no intention to cooperate with Russia at the military level".

  US lawmakers from both parties demanded an investigation into the president’s relations with Russia.

  Trump’s idea of improving relations with Russia has also encountered resistance from American political circles. Recently, a number of heavyweight members of the Republican and Democratic parties in the United States used the topic to ask for a thorough investigation into the alleged "communication with Russia" by Flynn, assistant to the President of the United States for national security affairs.

  Nancy Pelosi, the minority leader of the House of Representatives and a Democrat, believes that Flynn may just be the scapegoat in this incident.

  John McCain, a senior US senator and Republican, said on the 14th that Flynn’s case made people question the Trump administration’s Russia policy, and he asked to investigate the relationship between the Trump administration and Russia.

  The trend of US-Russian relations attracts the attention of European countries.

  The European allies of the United States are also very vigilant and concerned about the actions of Trump and Putin. The contradiction between Russia and Europe has lasted for many years, and the two sides do not trust each other. On the 28th of last month, Trump had an hour-long conversation with Putin, releasing the signal to restart and improve the US-Russia relations. European countries are worried that once there is a major change in US-Russian relations, it will inevitably affect European-Russian relations and change Europe’s geostrategic pattern.

  Therefore, at the 53rd Munich Security Conference, which opened yesterday (17th), German Defense Minister Ursula von der Leyen warned the United States that Europe and the United States share common interests in their Russian policy and should trust each other and act together.

  Trump: Russia should "return" Crimea

  In addition to external resistance, Trump’s own attitude changes have also set obstacles for the improvement of US-Russian relations. During the campaign, Trump hinted that he was willing to accept Crimea’s entry into Russia. Recently, however, Trump went back on his word and proposed that Russia "return" Crimea to Ukraine. This attracted a "categorical rejection" from the Russian side.

  On the 15th, the Russian Foreign Ministry responded that it would not "return" Crimea to Ukraine, nor would it discuss it with other countries including the US.

  Russia: It is too early to talk about the trend of Russia-US relations.

  In view of various variables, Russian Presidential Press Secretary peskov said in a telephone interview yesterday (17th) that Russia is not disappointed by the lack of progress in improving Russian-American relations, and it is still too early to talk about the direction of Russian-American relations.

  Peskov also said that possible cooperation and differences between Russia and the United States can only be determined after the two heads of state hold substantive talks. It is not clear when the meeting will be held.