Heavy! The central bank just "cut interest rates" by 5 basis points! How much impact does the exclusion of mortgage have on the property market and stock market? Will there be a RRR cut in the future?

~ ~ ~ There are benefits at the end of the article ~ ~ ~

After 19 months of "staying put", the one-year LPR quotation was lowered for the first time in the year!

On December 20th, the central bank authorized the National Interbank Funding Center to announce that,The latest loan market quotation rate (LPR) is: 1-year LPR is 3.8%, which is 5 BP lower than that of the previous period, and the LPR over 5 years is 4.65%, which is consistent with the previous period..

It is worth noting that the LPR quotation is composed of the medium-term loan facility (MLF) interest rate and the bank’s plus point. This month, the LPR quotation has been lowered under the condition that the MLF operating interest rate remains unchanged.

In this regard, Wang Qing, chief macro analyst of Oriental Jincheng, said that the tender interest rate of MLF remained unchanged in December, but the central bank implemented a comprehensive RRR cut that month, and the cumulative effect of the RRR cut in July on reducing bank costs and other factors triggered the downward adjustment of the one-year LPR quotation.

Wang Qing said,The 5-year LPR quotation remains unchanged, mainly because the current tone of real estate regulation and control of "staying in the house and not speculating" has not changed.The regulatory authorities are working to promote measures including the recovery of the financing environment of housing enterprises and the acceleration of the issuance of residential mortgages. If the real estate market continues to be under pressure in the future, it is not excluded that the 5-year LPR quotation and the 1-year LPR quotation will be lowered at the same time in the subsequent LPR quotation reduction process.

Image source: Photo Network _500845826 (graphic has nothing to do)

The 1-year LPR is lowered by 5 BP to 3.80%.

Wind data shows that since the LPR reform in August 2019, the 1-year LPR has been lowered by more than 50 BP for 6 times, and the LPR over 5 years has been lowered by 20 BP for 3 times.

National business daily reporter noted that,This is the first downward adjustment of LPR after a lapse of 19 months.. At present, 1-year varieties are reported to be 3.80%, down 5 basis points from last time; Varieties over 5 years old reported 4.65%, which was the same as last time.

Since September 2019, the 1-year LPR quotation and the 1-year MLF bidding interest rate have always been adjusted synchronously. It is worth noting that this month, when the operating interest rate of MLF remained unchanged, the LPR quotation ushered in a downward adjustment.

In this regard, Dong Ximiao, chief researcher of Zhaolian Finance, said that LPR declined asymmetrically this month. First, two comprehensive RRR cuts this year provided banks with long-term low-cost funds; Second, since last year, the supervision of deposit interest rate and the adjustment of deposit interest rate pricing mechanism have pushed down the cost of bank liabilities; Third, the one-year LPR declined, mainly to push down the short-term and medium-term loan interest rates and reduce the financing cost of the real economy.

Wang Qing believes that the central bank’s comprehensive RRR cut of 0.5 percentage point on December 15th can reduce the capital cost for banks by about 15 billion per year, while the comprehensive RRR cut in July has already reduced the capital cost for banks by about 13 billion per year. Under the cumulative effect, two comprehensive RRR cuts have obvious effects on reducing the cost of banks, which has become a direct reason for triggering the downward adjustment of the one-year LPR quotation this month.

"Another important reason is that the way to determine the self-regulatory upper limit of deposit interest rate was adjusted in early June, that is, the previous’ benchmark interest rate × multiple’ was changed to’ benchmark interest rate+basis point’. During this period, the cost of bank deposits declined as a whole, which also provided the impetus for banks to lower the loan market interest rate quotation (LPR quotation)." Wang Qing said.

Wang Qing said that the downward adjustment of the one-year LPR quotation will not only directly push down the financing cost of the real economy, but also reflect that under the triple pressure of shrinking demand, supply shock and weakening expectations, monetary policy is stepping up counter-cyclical regulation in time, which has an important signal function to stabilize market expectations, ease the downward pressure on the property market and promote the restorative growth of consumption and investment.

The 5-year LPR quotation remains unchanged.

The tone derived from "housing and not speculating" has not changed.

Although the one-year LPR ushered in a downward adjustment, the LPR of more than five years as a reference for mortgage interest rates remained at 4.65%, which was consistent with the previous period.

Wang Qing believes that,This is mainly due to the fact that the current tone of real estate regulation and control of "staying and not speculating" has not changed, and the regulatory authorities are starting to promote measures including the recovery of the financing environment of housing enterprises and the acceleration of residential mortgage issuance.. If the real estate market continues to be under pressure in the future, it is not excluded that the 5-year LPR quotation and the 1-year LPR quotation will be lowered at the same time in the subsequent LPR quotation reduction process.

Zhou Maohua, a macro researcher in the financial market department of China Everbright Bank, told the national business daily that the benchmark interest rate of LPR quotation was lowered moderately, mainly to guide banks and financial institutions to moderately reduce the comprehensive financing cost of the real economy, rationally benefit the real economy and stimulate the vitality of micro-subjects. The financial data in November reflected that the overall credit demand of enterprises was weak.

Zhou Maohua said that the five-year LPR benchmark quotation rate remained unchanged, slightly exceeding expectations.Mainly release the domestic real estate policy, and do not use real estate as a short-term stimulus tool..

"The tone of the domestic property market regulation is consistent and continuous, that is, let the property market return to its real property, avoid speculation and irrational’ prosperity’ to overdraw the long-term development potential of the regional economy, but also avoid short-term economic and financial stability caused by short-term over-cooling of the property market. By improving the basic system, strengthening supervision, preventing potential risks and promoting the high-quality development of housing enterprises. " Zhou Maohua said.

Dong Ximiao said that the LPR will remain unchanged for more than five years, mainly because it will not send a loose signal to the real estate market. This also shows once again that the stable orientation of monetary policy has not changed, and the next step will be to make monetary policy more flexible and moderate through fine-tuning and pre-adjustment.

What is the impact on the stock market and bond market?

According to 21st century business herald, the downward adjustment of the one-year LPR quotation is expected to end the marginal upward trend of corporate loan interest rate in the third quarter. The third quarter monetary policy implementation report showed that the weighted average interest rate of loans in September was 5.00%, up 0.07 percentage points from June. Among them, the weighted average interest rate of corporate loans was 4.59%, up 0.01 percentage point from June.

"After the one-year LPR is lowered, the interest rate on corporate loans will be appropriately lowered, which is in line with the reform direction of reducing corporate financing costs. However, the mortgage interest rate is different from the interest rate of public loans, and the mortgage interest rate should be subject to the overall situation of national real estate regulation. " A person from the assets and liabilities department of a joint-stock bank said, "The one-year LPR declines, while the five-year LPR does not move, which meets the needs of real estate regulation and policy restructuring."

For the bond market, Ming Ming, deputy director of CITIC Securities Research Institute, believes that the MLF interest rate will remain unchanged and the LPR reduction will be bad for the bond market. First, the downward adjustment of LPR will weaken the necessity of MLF interest rate cut in the short term, and the necessity of subsequent monetary easing will be reduced. Second, the downward adjustment of LPR quotation indicates that the policy still focuses on wide credit and supporting the real economy.

"The downgrade of LPR will promote the process of wide credit rather than wide currency. Considering the expectation of a better bank credit environment in 2022, LPR will downgrade or expand the credit scale to support the real economy, so the impact of wide credit will be bad for the bond market." Clearly said.

The latest research report of Guojin Securities pointed out that the one-year LPR was slightly lowered and the five-year LPR remained unchanged, which was basically in line with market expectations.Under the contraction of economic demand, reducing the cost of entity financing and stimulating it are the vitality and demand of market players and an important way for financial "steady growth".Recently, the central bank has also stressed on many occasions that it is necessary to promote the steady decline of comprehensive financing costs of enterprises, and the two consecutive RRR cuts have also accumulated some momentum for cost reduction.

Zhao Wei, chief economist of Guojin Securities, said that the downward adjustment of LPR is just the beginning, and the continuous reduction of entity financing costs can better stimulate the vitality of entities.For stocks, reducing the entity cost is helpful to reduce the financing cost of listed companies and improve the fundamental demand, which is conducive to fundamental-driven pricing.. From now until 2022, the monetary liquidity environment will be similar to that in 2015-2016, and the situation of "asset shortage" will continue, with a solid foundation for debt cows and a deepening stock market structure.

Everbright Securities Research Report suggested that the interest rate cuts of MLF and DR007 are beneficial to the bond market.However, LPR’s interest rate cut is not good for interest rate bonds..

First of all, LPR is the benchmark interest rate in the loan market, not the policy interest rate of the central bank, so the interest rate cut by LPR is quite different from that by MLF. MLF interest rate is not only the interest rate of the central bank’s operating tools, but also the operational goal of monetary policy. Once the MLF cuts interest rates, it means that the monetary policy orientation has changed. At this time, it is no problem to do more bonds. LPR is the arithmetic average of the loan interest rate quoted by the quotation bank for the best quality customers, which reflects the supply and demand situation of the loan market, and reflects the result of monetary policy regulation in the past, not the future policy orientation.

In addition, LPR interest rate cuts weaken the necessity of MLF interest rate cuts.LPR’s interest rate cut will help stabilize the macro-economy, which also restricts the downward trend of the yield.From the price point of view, LPR has a directional and guiding role, and the reduction of this interest rate can guide the real interest rate of loans to go down.In terms of quantity, LPR’s interest rate cut will help to ease the interest rate constraints faced by banks in the process of issuing loans and solve the so-called "insufficient demand for effective loans".The above-mentioned role in volume and price is beneficial to "stable credit" and "stable economy", but it also restricts the downward trend of yield.

At the same time, LPR is not the capital cost of bond investors, so the interest rate reduction by LPR is quite different from that by DR007.The exchange rate effect from loan interest rate to bond interest rate is easily submerged. Some investors believe that the decline of loan interest rate will drive the interest rate of the whole financing market down, thus benefiting the bond market. In fact, bond investors and loan issuers are two different groups, with different profit-making methods and investment constraints, so the two markets have always been divided. In view of this,The decline of loan interest rate is difficult to be fully transmitted to the bond market through the price comparison effect in a short period of time, and its influence is easily overwhelmed by the natural fluctuation of the market..

Analyst: It is expected that the RRR cut will continue in the first half of next year.

According to Guotai Junan Research Report, the reduction of LPR quotation interest rate is not only an "ex post facto confirmation" of the RRR cut, but also a "further response" to the policy. In September 2019 and January 2020, the statutory reserve ratio was reduced by 0.5% each, which led to a decrease of 0.02~0.03 percentage points in the arithmetic average of commercial banks’ quotations and rounded to the nearest 0.05%. Therefore, two downgrades correspond to one step (5bp) adjustment of one-year LPR.

Referring to this case, in this round of easing cycle, targeted cuts to required reserve ratios was 0.5% in July and December respectively, and the net investment (after considering the expiration of the MLF in that month) was 600 billion and 750 billion. It also reached the order of magnitude to promote the adjustment of one-year LPR by one step.

From the perspective of policy adjustment, the start of this round of easing cycle is the result of forward-looking cross-cycle adjustment of policies. First, the Politburo meeting repeatedly stressed the need to "promote the comprehensive financing cost of small and micro enterprises to decrease steadily" and "promote the further reduction of the actual loan interest rate". In addition, the Central Economic Work Conference held earlier than before in December described the triple pressures faced by the economy with "demand contraction, supply shock and expected weakening" and conveyed a strong signal of seeking "stability". The reduction of LPR quotation interest rate is a response to the policy to adjust the economy.

Although the mainstream view is that the reduction of LPR quotation rate actually inhibits MLF’s interest rate cut. Because from the perspective of pricing mechanism, there are two alternative paths to push down the quoted interest rate of LPR, namely, compressing the number of points or lowering the benchmark interest rate, which do not need to be parallel.

But we have some different views. From the bank’s point of view, most loans will be re-priced in January of the following year, and the re-pricing is based on the LPR in December of the previous year. Therefore, the downgrade of LPR in December has a great impact on banks, and the willingness of banks to downgrade may not be high. The reduction of the LPR quotation interest rate is that banks give profits to the real economy on their own initiative, and in turn, the central bank will give appropriate "encouragement" and make some "profits". Then, next,As long as the pattern of weak economic fundamentals is not reversed in the short term, the market’s expectation of the next interest rate cut will still ferment..

Looking to the future, Oriental JinchengChief macro analystWang Qing said that, based on the expectation that the steady growth policy will be moderately advanced in 2022, it is expected that the interest rate reduction will continue in the first half of next year, and the possibility of slightly lowering the MLF interest rate will not be ruled out. In this way,In the first half of 2022, there is still room for a slight downward adjustment in LPR quotation..

Edit |Dubo, Duan Lian

Proofread |Sun Zhicheng

National business daily is integrated from every Jingwang (Reporter: Xiao Shiqing), 21st century business herald, Guojin Securities Research Report, Everbright Securities Research Report, Guotai Junan Research Report, and public information.

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This paper profoundly explains the political evolution of Qianlong dynasty, explores the 60-year ruling mentality of Emperor Qianlong, and comprehensively constructs the theory that China began to try modernization in the 18th century.

How did the Qing court in the 18th century feel the modern problems (such as the population problem), put forward the development policies with trans-generational significance (which are in the same strain as the rural reform in the 1980s), and made a European-style "modern response" (such as strengthening government power); Emperor Qianlong wants to "return to three generations" and be the best emperor in the history of China.Thirteen years of QianlongThe important content of this book. From the harem to the imperial court, from finance to economy, from politics to war, the author repainted the true face of Emperor Qianlong for everyone. In this book, Professor Gao Wangling made a profile analysis of the history of the Qianlong Dynasty and defined it from the three dimensions of economy, politics and culture. Let’s see an important attempt by an old empire to explore its own modernization (modernization) road and the process of its rapid decline and failure.

Read the Qing history after the Ming history, and see Qianlong after Wanli. Professor Gao Wangling from the Qing History Institute of the National People’s Congress has collected more than 30 years of research results to tell you the real Qing history.

Gaowangling(1950-2018), historian. Professor, Institute of Qing History, Renmin University of China, distinguished professor, Department of History, Tsinghua University. Engaged in the study of Qing history for more than 30 years, he is a maverick scholar. He devoted his life to academic studies and achieved fruitful results. His main masterpieces include: Qianlong Trilogy (Thirteen Years of Qianlong, Immediately Imperial Court, Late Scenery of Qianlong), Economic Development and Government Policy in 18th Century China, Historical Investigation of Government’s Role and Role, New Theory of Tenancy System-Landlords, Farmers and Land Rent, Research on Farmers’ Anti-behavior in China, and The Mystery of Monopolization of Purchase and Marketing.

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The Delta strain is still prevalent in the world, and the Omicron strain is adding fuel to the fire.

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Reporting/feedback

Grasp the implementation! These educational problems that ignore the interests of the masses are being rectified.

  On November 25, the Ministry of Education held a news briefing to introduce the progress of the special rectification of ignoring the interests of the masses.

  In accordance with the requirements of the central government to carry out special rectification in the theme education of "Do not forget your initiative mind, Keep in mind the mission", the State Supervision Commission of the Central Commission for Discipline Inspection took the lead in centralized rectification of ignoring the infringement of the interests of the masses, focusing on solving the most urgent, worrying and eager pressing problems of the masses. The Ministry of Education focused on solving the problem of children dropping out of school in compulsory education in poverty-stricken areas, resolutely correcting the problem of withholding and deducting nutrition and meal subsidies for students in rural compulsory education, resolutely correcting the problem of withholding and deducting living allowances for boarding students in rural compulsory education, reducing the burden of primary and secondary school teachers and promoting campus food safety.

  Wang Guangyan, executive deputy secretary of the directly under the authority Party Committee of the Ministry of Education and deputy director of the office of the leading group for rectification and rectification of thematic education of the Ministry, said that relevant institutional documents will be issued one after another, and the effective practices in practice will be upgraded to systems in time to form a normal and long-term effect.

  The problem of dropping out of school in poor areas — —

  Improve the joint control and joint insurance mechanism and accurately persuade the return measures.

  The Ministry of Education regards solving the problem of children dropping out of school in compulsory education in poverty-stricken areas as the top priority of the work of "special rectification and disregard for the interests of the masses".

  Yu Weiyue, deputy director of the Department of Basic Education of the Ministry of Education, said that as of November 20, the number of students who dropped out of compulsory education in 832 national poverty-stricken counties across the country had been reduced from 290,000 at the beginning of the establishment of the ledger to 23,000, of which the number of poor students from families with file cards was reduced from 150,000 to 0.6 million, laying a solid foundation for the full realization of compulsory education in 2020. In the middle and late November, the organization went to Sichuan, Guizhou, Hunan and Ningxia provinces to carry out a thorough investigation, and conducted spot checks to verify the work ledger data and persuade them to return to school through the forms of entering schools and making unannounced visits.

  In the next step, the Ministry of Education will continue to improve the long-term working mechanisms such as administrative supervision and resumption of schooling, joint control and joint guarantee by departments, and consolidate the results of special rectification. Carry out the comparison between the national population information database and the student registration system in 2019, implement a new round of verification and persuasion, and establish the student registration for returning students in time.

  Interception and deduction of nutritional dietary subsidies — —

  "Make sure every penny goes to the students’ mouths"

  Up to now, 37 cases involving 8 provinces and regions, including Hebei, Henan, Hunan, Guangxi, Yunnan, Shaanxi, Qinghai and Xinjiang, with a total amount of 174 million yuan, have been found and rectified.

  Keep the "bottom line" of capital security and ensure that the national nutritional diet subsidy "every penny goes to the students’ mouths". Establish the awareness of "red line" of food safety to prevent major food safety accidents. Hu Yanpin, inspector of the Education Supervision Bureau of the Ministry of Education, said that the current price fluctuations of pork, vegetables and other foods have had a certain impact on the implementation effect of the nutrition improvement plan. The Ministry of Education is actively working with the relevant departments of the central government to promote the implementation of the national dietary subsidy in combination with the local economic development reality and price level. On the basis of the standard, we will further improve the mechanism for the government, families and social forces to share the dietary expenses to ensure that students can eat well. At the same time, actively negotiate with the Ministry of Finance to explore the establishment of a dynamic adjustment mechanism for dietary subsidy standards.

  Interception and deduction of boarding students’ living allowance — —

  "zero tolerance" for related violations of discipline and law

  On October 21st, the hotline for monitoring, reporting and complaining about boarding students’ living allowance in the compulsory education stage of the Ministry of Education was opened to receive complaints from the masses. On October 31st, the portal website of the Ministry of Education published the situation of reporting complaints and handling problems, which showed that the existing problems of boarding students’ living allowance funds in the compulsory education stage were resolutely corrected, and the attitude of "zero tolerance" for violations of discipline and law such as interception, deduction and misappropriation was adopted.

  Liu Jing, deputy director of the Finance Department of the Ministry of Education, said that up to now, 162 issues of living allowance funds for boarders in compulsory education have been initially identified, involving an amount of 129 million yuan. Among them, 17 items were not paid and released in time, involving an amount of 114 million yuan, and the rectification was completed, and the replacement amount was 114 million yuan. 96 items were managed irregularly, involving an amount of 6.18 million yuan, and 87 items were rectified, with a replacement amount of 160,000 yuan, a recovery amount of 190,000 yuan and a standardized use amount of 4.97 million yuan.

  Unreasonable workload of teachers — —

  The supervision and inspection of primary and secondary schools should be reduced by 50%.

  Since the promotion meeting of the special rectification of the Ministry of Education, the leaders in charge of the Ministry have led a team to Shaanxi, Xinjiang and Xinjiang Production and Construction Corps to investigate and supervise the special rectification to reduce the unreasonable workload of primary and secondary school teachers. The Department of Teachers’ Affairs has formed seven research working groups and went to 12 provinces including Shanxi, Zhejiang, Guangdong, Jiangsu, Hebei and Liaoning to urge all localities to promote the "Special Action to Reduce Teachers’ Burden".

  Shaanxi Province strictly implements the audit procedures for teachers’ training, and does not recognize credits for training organized by non-educational administrative departments without consent, thus reducing the training items by 30%. Shanxi Province focuses on reducing unnecessary supervision, inspection, appraisal and assessment in the system to promote teachers’ burden reduction. At present, the number of inspection, assessment and appraisal projects for primary and secondary schools in 11 cities in the province has been reduced from 128 to 49, and that for primary and secondary schools in 117 counties has been reduced from 287 to 133.

  Zhejiang, Guangdong, Inner Mongolia and Fujian make full use of information technology in the evaluation of professional titles, simplifying processes, reducing paper materials, allowing information to run more and teachers to run less errands, benefiting 2.11 million primary and secondary school teachers.

  Liu Jiantong, inspector of the Teacher Affairs Department of the Ministry of Education, said that the "Several Opinions on Reducing the Burden of Primary and Secondary School Teachers and Further Creating a Good Environment for Education and Teaching" approved by the Central Committee for Deep Reform will be issued soon, requiring party committees and governments at all levels to earnestly fulfill their main responsibilities, make overall plans to standardize supervision, inspection, evaluation, social affairs entering the campus, streamlining the filling of relevant reports, and transferring and borrowing primary and secondary school teachers, so as to ensure that the number of supervision, inspection, evaluation and evaluation items for primary and secondary schools is reduced by more than 50% on the existing basis and list management will be implemented,

  Food safety on campus — —

  Keep the students safe on the tip of their tongue.

  At present, there are more than 515,000 primary and secondary schools and kindergartens in China, including 249,000 primary and secondary schools and 266,000 kindergartens. There are 380,000 primary and secondary schools and kindergartens that provide meals centrally through canteens.

  Since the special rectification work was carried out, 417,000 primary and secondary schools and kindergartens have implemented the system of accompanying meals by relevant responsible persons. Judging from the participation of parents’ committees in the canteen safety supervision mechanism, 398,000 primary and secondary schools and kindergartens have established parents’ committees to participate in the canteen safety supervision mechanism; Judging from the coverage rate of "bright kitchen and bright stove" in school canteens, the number of schools that have realized "bright kitchen and bright stove" in school canteens nationwide has increased by 67,000 to 340,000.

  Wan Lijun, deputy director of the Department of Sports Health and Art Education of the Ministry of Education, said that the next step is to fully implement the system of accompanying meals by the heads of schools and kindergartens, actively promote the participation of parents’ committees in the food safety supervision system, further improve the coverage rate of "bright kitchens and bright stoves" in school canteens and students’ collective dining distribution units, and incorporate food safety and nutrition health knowledge into the teaching content of health education as an important part of the health education activities with the theme of "healthy teachers and students, healthy China", so as to improve students’ food safety awareness and preventive ability. (Guangming Daily, Beijing, November 25th, by reporter Xiaoyan Yan)

"Canon" shines for a hundred years | Self-knowledge is English, and the winner is male.

[Interpretation]

Wang Tong (584— In 617), a great scholar in the Sui Dynasty, after his death, his master became a literary neutron. He believes that Confucianism, Buddhism and Taoism can communicate with each other, focusing on promoting Confucianism, which to some extent opened the voice of Neo-Confucianism in Song and Ming Dynasties. Later generations imitated the Analects of Confucius and wrote Zhong Shuo (also known as Wen Zhong Zi), and recorded his views on history and reality in the form of dialogue between Wang Tong and his disciples.

Zhong Shuo Zhou Gong Pian recorded a conversation between Shi Mi and Wang Tong, a literary boy. Shi Biao asked what is a hero? Wenzhong replied: "He who knows himself is English, and he who wins himself is male." It means that a hero is one who can correctly evaluate himself, and overcome all kinds of selfish distractions and self-defeating.

The book Zhong Shuo quoted a lot of Taoist words and imitated their writing. "Self-knowledge is English, self-success is male" is obviously born out of Laozi’s Tao Te Ching. Chapter 33 of the Tao Te Ching says: "Those who know others are wise, and those who know themselves are clear. The winner is strong and the winner is strong. "

[Interpretation]

Regarding heroes, an era has a definition of an era, and an era has a hero of an era. But "self-knowledge" and "self-victory" are undoubtedly the common qualities of heroes of all ages. For the Communist Party of China (CPC) people, it is to constantly enhance the Party’s ability of self-purification, self-improvement, self-innovation and self-improvement, improve the Party’s leadership and ruling level, and enhance its ability to resist corruption, change and risks, so as to ensure that the Party will always be the strong leadership core of Socialism with Chinese characteristics’s cause.

Party building is of great significance and affects the overall situation. The General Secretary of the Supreme Leader pointed out: "At what stage the cause of the party and the people develops, the party building will advance to what stage." The Communist Party of China (CPC), as a Marxist political party, has shown the world the courage of self-revolution with practical actions in the eventful years of one hundred years. Looking back on the party’s 100-year history, one of the important reasons why our party can turn crises into opportunities again and again, grow and develop in extreme difficulties, and lead the Chinese nation from victory to new victory is that our party is brave in self-revolution, constantly purifying itself, improving itself, innovating itself and improving itself, and tempering itself more confident and powerful in the storm.

Strike while the iron is hot. Since the 18th National Congress of the Communist Party of China, the CPC Central Committee with the Supreme Leader as the core has made a strategic plan to strictly manage the Party in an all-round way, opened up a new great project and new situation of Party building in the new era with firm determination and tenacious will, and made the century-old Party stronger and stronger, providing a strong political guarantee for the historic achievements of the Party and the country.

Party building is always on the road. At present, in the face of the unprecedented changes in the world, we are courageously marching forward on the road of realizing the great rejuvenation of the Chinese nation. In order to effectively cope with major challenges, resist major risks, overcome major obstacles and resolve major contradictions, we must keep pace with the times and continue to push forward the new great project of party building, so that our party will become more and more mature, purer, stronger and more fighting, and always become the most reliable backbone of the people of China!

(Author Yang Lixin)

(Central Radio and Television General Station CCTV Network)

Vaccination such as influenza and HPV has been adjusted! The latest version of Guangdong vaccination program is coming →

On January 2nd, Guangdong Provincial Health and Wellness Commission announced the "Guangdong Non-immunization Program Vaccination Program (2024 Edition)" (hereinafter referred to as the "Program").

Compared with 2023, the vaccination programs of influenza vaccine, human papillomavirus vaccine (HPV vaccine), rabies vaccine for human use, herpes zoster vaccine and other vaccines in the 2024 version of the Program have been revised.

influenza vaccine

According to the Technical Guide for Influenza Vaccination in China (2023-2024), the Plan refines the recommended population for influenza vaccination, and the recommended population for priority vaccination is refined from the previous five categories to eight categories, specifically:

(1) Medical personnel, including clinical rescue personnel, public health personnel and health and quarantine personnel;

(2) the elderly aged 60 and above;

(3) Suffering from one or more chronic diseases;

(4) Vulnerable people and employees in gathering places such as old-age care institutions, long-term care institutions and welfare homes;

(5) pregnant women;

(6) Children aged 6-59 months;

(7) Family members and caregivers of infants under 6 months old;

(8) people in key places, such as kindergartens, teachers and students in primary and secondary schools, and detainees and staff of institutions in supervision places.

In terms of immunization procedures, the following instructions have been added:

Children aged 6 months to 8 years who are vaccinated with influenza vaccine for the first time need to be vaccinated twice if they choose inactivated vaccine (the interval between two doses is ≥4 weeks), and only need to be vaccinated once if they choose attenuated live vaccine; In other cases, 1 dose per year.

HPV Vaccine

The Program describes the immunization program of HPV vaccine in detail, specifically:

(1) bivalent human papillomavirus adsorption vaccine (baculovirus).

Suitable for women aged 9 ~45. Inoculate 3 doses according to 0, 1 and 6 months, among which women aged 9-14 can choose to adopt two doses of immunization program (one dose for each month).

(2) bivalent human papillomavirus vaccine (Escherichia coli).

Suitable for women aged 9 ~45. Inoculate 3 doses according to 0, 1 and 6 months, among which women aged 9-14 can choose to adopt two doses of immunization program (one dose for each month).

(3) Bivalent human papillomavirus vaccine (Pichia pastoris).

Suitable for women aged 9 ~30. Inoculate 3 doses according to 0, 2 and 6 months, among which women aged 9-14 can choose to adopt two doses of immunization program (one dose for each month).

(4) tetravalent human papillomavirus vaccine.

Suitable for women aged 9 ~45. Inoculate 3 doses at 0, 2 and 6 months.

(5) Nine-valent human papillomavirus vaccine.

Suitable for women aged 9 ~45. Inoculate 3 doses at 0, 2 and 6 months.

rabies vaccinefor human use

The main change is that, in terms of the immunization procedure after re-exposure, those who are re-exposed within "6 months" after the original full-course immunization generally do not need to be re-immunized, and they are adjusted to "3 months". Those who are re-exposed three months or more after the full-course vaccination should be given one dose on 0 and 3 days respectively.

There is a supplementary explanation for the pre-exposure immunization program, that is, those who are exposed to rabies risk continuously will be given one dose after one year and one dose every 3-5 years after completing the pre-exposure basic immunization in the whole process without animal injury.

Herpes zoster vaccine

The "Program" changed the "recombinant herpes zoster vaccine" to "herpes zoster vaccine" and added live attenuated herpes zoster vaccine.

In terms of vaccination population, the original "suitable for people aged 50 and above" was adjusted to: people aged 40 and above; It is recommended to vaccinate people with chronic diseases, low immune function, fatigue and mental stress.

In the aspect of immunization program, the recombinant herpes zoster vaccine and live attenuated herpes zoster vaccine are described respectively. The former is suitable for people over 50 years old, with 2 doses, with an interval of 2 months to 6 months. The latter is suitable for people aged 40 and above, and one dose is inoculated.

In addition, the "Program" is clear

Vaccination should follow the following three principles

(a) give priority to immunization program vaccine.

When vaccinating, priority should be given to complete the whole vaccination of the immunization program vaccine according to the requirements of the immunization start year (month) age, immunization program and vaccination interval stipulated by the immunization program vaccine. When the vaccination time of EPI vaccine conflicts with that of non-EPI vaccine, priority should be given to vaccination of EPI vaccine or non-EPI vaccine independently selected by the recipient to replace the corresponding EPI vaccine.

Under special circumstances, non-EPI vaccines used in emergencies, such as rabies vaccine for human use or other vaccines that need emergency vaccination, should be given priority.

(2) Informed and voluntary.

Non-immunization program vaccines are other vaccines that residents voluntarily vaccinate. With the informed consent, the recipient chooses to vaccinate the non-immunization program vaccine independently.

(3) The principle of simultaneous vaccination.

Unless otherwise specified in the vaccine instructions, the principle of simultaneous vaccination of vaccines shall be implemented with reference to the relevant provisions of the National Immunization Program Vaccine Children’s Immunization Procedures and Instructions (2021 Edition) and the Guidelines for the Use of Non-Immunization Programs Vaccines (2020 Edition).

↓↓↓↓↓ Click "Read the original" at the end of the article to view the full text of "Guangdong Non-immunization Program Vaccination Program (2024 Edition)"

Original title: "Influenza, HPV and other vaccination have been adjusted! The latest version of Guangdong vaccination program is coming → "

Read the original text

Authoritative explanation! I don’t have to pay your debts, and the standard for determining the joint debts of husband and wife has been issued.

  CCTV News:The Supreme People’s Court held a press conference on the morning of 17th, and released the Interpretation of the Supreme People’s Court on Relevant Issues Concerning the Application of Law in the Trial of Cases Involving Husband and Wife Debt Disputes. There are 4 explanations, which will come into force on the 18th of this month. This judicial interpretation, which has only four articles, has only one main purpose, that is, to clarify the criteria for determining the joint debt of husband and wife.

  Article 1 of the Interpretation stipulates: "The debts that are jointly signed by the husband and wife or ratified by one of the husband and wife afterwards shall be recognized as joint debts of the husband and wife."

  The people’s court shall support the debts incurred by a husband and wife in their own name for the daily needs of the family during the marriage relationship, and the creditors claim their rights on the grounds that they belong to the joint debts of husband and wife.

  In view of the fact that a large number of debts incurred by a husband and wife in their own name exceed the daily needs of the family are joint debts of husband and wife. The judicial interpretation released today clarifies the criteria for determining this kind of debt.

  Article 3 of the Interpretation stipulates: "If one of the spouses exceeds the daily needs of the family in his own name during the marriage relationship, the people’s court will not support the creditor’s claim on the grounds that it belongs to the joint debt of the husband and wife, but the creditor can prove that the debt is used for the husband and wife’s common life, joint production and operation, or based on the common will of both husband and wife."

What’s the difference between sagitar models?

1. Basic model: This is the lowest configuration model, equipped with basic driver assistance system, airbag, ABS, etc.

2. Comfort type: Based on the basic type, some comfort configurations are added, such as electric adjustable seat, multi-function steering wheel, Bluetooth phone, etc.

3. Luxurious type: On the basis of comfort type, luxury configuration is further added, such as leather seats, reversing radar, cruise control and navigation system.

4. Flagship model: This is the highest-equipped model. In addition to the luxury model, some advanced configurations have been added, such as automatic parking, adaptive cruise, seat heating and ventilation.

5. Travel Edition: This is a special version of sagitar, mainly aimed at consumers who like go on road trip, with some special travel configurations, such as roof rack and rear air outlet.

Inner Mongolia optimizes grassland fence grassland construction and walks out of "drawing land as a prison"

The Inner Mongolia prairie with optimized net fence is pleasing to the eye. (data picture)

Net fence before optimization in Inner Mongolia grassland. Economic Daily reporter Yu Jianshe

  On the vast grassland in Inner Mongolia, barbed wire and cement piles can be seen everywhere. The net fence used to be a scientific means to use grassland in an orderly way. With the passage of time, it has also brought the problem of grassland fragmentation. Is the net fence out of date? How to adjust and optimize? It is another year of spring grass green, and the reporter of Economic Daily went into the depths of the grassland to find the answer.

  Driving from Damaoqi City, Baotou City, Inner Mongolia to Subuda’s home, you have to take a grassland path. "Come in from the intersection, and the fourth net fence with a door is our home." Subuda told reporters on the phone. Along the way, after a short walk, we have to get off and open the door of the net fence, and the local drivers in the same industry are also very helpless.

  This situation is very common in the grasslands of Inner Mongolia. In 1984, Inner Mongolia took the lead in implementing the responsibility system of "double contract for grass and livestock", and in 1989, it implemented the "two rights and one system" to implement the responsibility system of grassland ownership, use right and contract management. After 2000, in order to control grassland degradation, the state began to implement key projects of grassland protection and construction, such as enclosure projects. Today, 400 million mu of grassland in Inner Mongolia has been cut into tens of thousands of fences by barbed wire and cement piles, accounting for 40% of the total available area.

  Nowadays, China’s grassland has entered a new stage of strengthening protection and restoration, and the production, life and development requirements of herders have changed. Is there a better solution for grassland management?

  Net fences everywhere

  Subuda’s home is in Gacha, Sumuge Rile Aodu, Bayin Aobao, Damaoqi. He started grazing at the age of 14 and has more than 6,000 mu of grassland at home. "In the past, there was no net fence around the grassland, and one household was connected to another. At most, everyone surrounded a small part of their own grassland for rotational grazing. Later, after the grassland began to be contracted to households, everyone gradually began to build fences and surrounded their own pastures. " Subuda said that the main purpose of building the net fence is to ensure that the livestock of each family stay in each pasture and will not run around. "With the net fence, the labor intensity of our livestock care is obviously reduced. In addition, the net fence can also avoid the loss of cattle and sheep. "

  "There is a voice that the net fence will hinder the migration of wild animals and the spread of grass seeds, affecting the diversity of animals and plants, but I think the impact is limited." Manli, deputy director of the Forestry and Grassland Bureau of Xilinhot City, Xilingol League, said, "For a long time, the net fence has played an effective role in protecting the grassland: one is to prevent some people from digging medicinal materials and sending vegetables to the grassland, and the other is to prevent cars from being crushed on the grassland."

  As the largest pastoral area in China, the construction of grassland fences in Inner Mongolia can be roughly divided into three stages: first, before the reform and opening up, in order to make better use of grassland pastures in pastoral areas and develop animal husbandry, pastoral areas represented by Xianghuang Banner and Wushen Banner began to build grass kulun, and local materials were used to build simple fences with wood and stones, which were convenient for weeding and keeping in captivity. Second, in the early days of reform and opening-up, with the gradual implementation of the policy of "double contract for grass and livestock", some herders began to spontaneously build family-based grass cullens for demarcation and weeding in order to protect their own grasslands. Third, after 2000, in order to effectively control grassland degradation, the state has successively implemented key projects of grassland protection and construction, such as the control of sandstorm sources in Beijing and Tianjin and the project of returning grazing to grassland. At present, the total construction area of grassland fences in Inner Mongolia is more than 400 million mu, of which 280 million mu has been built through national projects.

  "Overall, the merits are greater than the demerits" is the unanimous view of many industry experts on the net fence. At the beginning of grassland contracting to households, there was no large-scale net fence, but the grassland was bounded and grazing was unbounded, and livestock could move around everywhere. The phenomenon that livestock ate grassland "big pot rice", large farmers "ate small households" and livestock households "ate" no livestock households could be seen everywhere. Through the construction of grassland fence, herdsmen have truly realized effective control over the contracted management right of grassland, fundamentally solved the border dispute of herdsmen’s grassland and promoted the definition of the right to use. This also mobilized the enthusiasm of herders for animal husbandry production, and made more rational use of the grassland in the fence, thus promoting the balanced production of contracted grassland. Each family’s grassland has formed a relatively closed small environment through grassland fences, which has played an isolation role for sporadic punctate animal epidemics in the surrounding herdsmen. In addition, driven by the project of returning grazing to grassland and controlling sand source, the vegetation in the project area has been restored and the ecology has been obviously improved.

  However, due to the lack of scientific planning and overall consideration, some grassland fences are too high, too dense and gridded, which not only affects herders’ travel, but also causes injuries to large livestock such as camels, and disabilities to small livestock such as lambs and calves. It also has a certain impact on the normal foraging, drinking, migration and survival of wild animals. In addition, the ubiquitous net fences have also destroyed the natural beauty of the prairie to a certain extent. The fence that has been in disrepair for those years is hung with hay such as Shapong and white garbage blown by strong wind, which is very dazzling in the green field.

  In Wu Enqi’s memory, the grassland as a child had no fence and was boundless and green. "When I was a child, we went to the Dongshan Mountain in Beligutai Town to hide and seek. The grass can keep the children tight." The vice-captain of the comprehensive administrative law enforcement team of natural resources in Abaga Banner of Xilin Gol League said that the implementation of "double contract for grass and livestock" could not determine the border without the fence, but the fence separated the grassland and separated people’s hearts. "I used to go to the herdsmen’s house to eat meat, drink wine, and even go to his sheepfold to catch a sheep. The simple herdsmen didn’t blink. Nowadays, even if cattle and sheep eat one more bite of grass from their neighbor’s pasture, they will never let them. In recent years, most of the disputes I have dealt with are pasture disputes. Sometimes, in order to move the fence for two or three meters, even the brothers turned against each other. " Unqi said.

  Optimization first does "addition"

  Standing in Manglai Gacha Highland, I can’t see the net fence, but the white clouds are like floc and the Mu Ye is boundless, which makes people want to use this new grassland scenery that has restored its original ecology as computer desktop wallpaper. Manglai Gacha is located by the beautiful Krulun River, where the "Manglai Model" was born. Inner Mongolia regards Xinbaerhuyouqi as one of the first two pilot counties for the modernization of pastoral areas, and Xinbaerhuyouqi takes Manglai Gacha as one of the first pilot counties in the whole banner.

  "The first thing to optimize the net fence is to do ‘ Addition ’ Integrate the scattered operations of herders and set up cooperatives. " Mijige Dorg, secretary of the Party branch of Kerun Sumumulai Mangcha in Xinbaerhu Right Banner and chairman of Manglai Herdsmen’s Sheep Cooperative, said that with the development of productive forces and the improvement of environmental awareness, herders realized that it was better to restore a net fence of "painting land as a prison" to a contiguous grassland and find a "leader" for decentralized management. The cooperative set out to merge pasture and herd.

  In the past two years, 88 of the 115 households in Manglai Gacha have joined the cooperative, integrating 390,000 mu of grassland and more than 5,800 heads of livestock in Gacha, merging into 9 flocks, 1 herd of horses and 1 herd, and adjusting and optimizing the net fence for more than 92,000 meters. There are 51 gacha in Xinbaerhuyouqi, and the "Manglai Model" has been popularized in 11 gacha.

  "When a herdsman runs a family, the size of the flock is not large. Each family has to hire a shepherd, buy a set of animal husbandry machinery and drill a deep well, which costs a lot." One of the sheep’s "group leader", Ari Dencang, used to be a poor household with a file. Now he and his wife have more than 1,000 sheep. Last year, their net income reached 110,000 yuan, and they paid off their loans and took off their poverty hats. "The establishment of cooperatives and the opening of net fences have made the grazing grassland bigger. The grass by the river, the grass on the grassland and the grass in the autumn camp are different. What kind of grass do cattle and sheep eat in what season? The four seasons are divided into four seasons, and the pasture is becoming more and more beautiful, the flock is getting bigger and bigger, and the income is getting higher and higher. "

  Abaga Banner is one of the first experimental sites for modernization of pastoral areas in Inner Mongolia, and it is also actively optimizing the grassland fence. Since last year, the fence optimization project of not less than 80,000 mu has been implemented in 15 pilot sites. Hunger Gaole Town Phaeton Xili natural grassland has become a typical local grid connection. "According to the requirements of the modernization development of pastoral areas, we have optimized the inter-household net fences of 700 herders with Gacha as a unit, turning small nets into large nets, solving the problems of fragmented and decentralized management of herders and low efficiency, and effectively improving the comprehensive utilization efficiency of grassland." Alatan Baoriqige, mayor of Gaole Town, hunger, introduced that grazing is prohibited all year round when the grassland is mowed, and the mechanism of "unified management, unified management and unified mowing" is established. After enclosure, the overall height, coverage and grass yield of high-quality forage plants such as Leymus chinensis, Stipa Stipa and Artemisia frigida have increased year by year. In 2020, the grass yield will reach about 60 million kilograms, accounting for one-third of the total grass storage in the whole flag. Optimizing the net fence and banning grazing all year round also promoted the development of grassland tourism industry, promoted the organic integration of "three industries", and the radiation led to an average income increase of 17 thousand yuan for the surrounding herdsmen.

  On the grassland in Jinmen Gacha, Wugaishumu, Urad Houqi, Bayannaoer City, except for the fence on the side of National Highway 242, the fence on the opposite side and both sides can no longer be seen. "This is part of the pilot project of ecological restoration of degraded grassland by artificial grass planting in Urad Houqi, covering an area of more than 90,000 mu. Since last year, enclosure and grazing prohibition have been implemented. At that time, we followed the principle of building a large net fence to ensure a complete and independent ecosystem. At present, the ecological restoration of this grassland is in good condition, and Caragana korshinskii is already very dense. " Yang Shiping, deputy director of the Forestry and Grassland Bureau of Urad Houqi, said that the "addition" of building a large net fence here is the pilot project of ecological restoration of artificial grass planting in degraded grassland.

  The pilot project of ecological restoration of degraded grassland by artificial grass planting is mainly aimed at grassland degradation and desertification. Meadow grassland, typical grassland and desert grassland are selected as pilot areas to explore and summarize the comprehensive management technology and new management model combining artificial restoration and natural restoration, and put forward a package of solutions for grassland ecological restoration and management in Inner Mongolia and even the whole country in the future. In August 2019, Inner Mongolia approved the implementation plan of the national pilot project of artificial grass planting ecological restoration in degraded grasslands, of which Bayannaoer City has a construction task of 560,000 mu, with a total investment of 100 million yuan and a construction period of 3 years. Focus on ecological restoration and vegetation restoration of pastures that are moderately and severely degraded and desertified due to overgrazing, and integrate innovation and demonstration of key technologies in pilot areas, and carry out monitoring and evaluation of the benefits of ecological restoration projects.

  Zhang Bin, chief of grassland supervision and management section of Bayannaoer Forestry and Grassland Bureau, said that the key area of fragmentation control is in eastern Inner Mongolia, which is a typical grassland area and meadow grassland area, and there is a big difference between control and non-control. In Bayannaoer area, most of them are desertification and semi-desertification grasslands, and the key point is to manage livestock well. "The net fence left in the past has been in disrepair for many years, but no one has taken the initiative to deal with it, which involves the cost. Now people’s understanding of the fence has also changed, and they no longer engage in small net fences, but they have to fence in large scale. Especially in recent years, ecological restoration has been implemented, which is basically a large net fence of tens of thousands or even hundreds of thousands of acres. " Zhang Bin said.

  Upgrading focuses on empowerment.

  In Gacha, Alateng Hang Gai, Beligutai Town, Abaga Banner, it is worth mentioning that herder Buzigude optimized the net fence. Twenty years ago, when the pasture came to the household, Ji Rentai, a model worker of Xilin Gol League, gathered his eldest son Tegus, his second son Deliger and his youngest son Buzigude together to hold a family meeting and plan the family ranch: separate the livestock, but not the ranch — — Only large net fences are used to enclose the grasslands of the three families for accurate rotational grazing.

  The three brothers integrated their own 19,458 mu of grassland with the leased 5,000 mu of grassland, and established the family ranch "Shangdu Baolige" in Abaga Banner. Instead of fencing by family, they only divided the areas according to their functions, and outlined the summer camp, autumn camp and winter camp with net fences, and grazing in rotation all seasons. Brezhgood introduced that in order to reduce the trampling of livestock hooves, the three brothers also took the initiative to adjust the herd structure, reducing sheep and increasing cattle. "A cow is converted into five sheep units, and the income from raising 100 cows is worth raising 500 sheep. There are only 400 hooves for 100 cows, and the big hooves do little damage to the grassland. There are 2,000 hooves in 500 sheep, and small hooves have great damage to grassland. "

  Five years ago, there were 1,000 sheep and 50 cows in Buzigude, and the income in that year was 200,000 yuan. Now, the number of cattle in Buzigude has increased to 100, and the number of sheep has been reduced to 200, with an annual income of 600,000 yuan.

  Like the family ranch, the joint operation has also optimized and upgraded the net fence. Maodeng Ranch, 36 kilometers away from Xilinhot, is a state-owned farm, with an available grassland area of 740,000 mu and a total of 44,000 livestock. It is the largest fully enclosed grassland ecological protection zone in China, and employees have a strong desire to protect the ecology and increase their income. Xilinhot City has put the standardization of net fence construction and the implementation of the precision pilot of grass and livestock balance in Maodeng Ranch.

  The second branch of Maodeng Ranch plans to integrate nine herdsman pastures, led by herdsman Xiao Junsheng, and plans to implement a balance of 17,000 mu of grass and livestock. Mary specially went to his home to deploy the pilot work. "In the past, we talked about heroes by the number of livestock, and animal husbandry was ‘ Animal husbandry ’ . Now press ‘ Livestock ’ Evaluation turn to press ‘ Grass ’ Evaluation, animal husbandry turn ‘ Grass and animal husbandry ’ , to grass livestock. The optimization of the net fence has also been upgraded from the past fixed fence to the mobile electronic fence. " According to Mary, the fixed fence costs 30 yuan for every 1m extension, while the movable fence costs only 10 yuan, so one person can move. With the movable fence, herders can enclose, delimit and rotate grazing at any time according to the situation of grassland, and the grassland will definitely improve. Real-time monitoring of grassland can raise more livestock, breaking through the theoretical carrying capacity approved in the past five years.

  In Xilin Gol League, the degree of organization of animal husbandry is constantly improving. From family farms to joint management, and then to animal husbandry cooperatives, the net fence has been continuously upgraded and optimized, and herders are increasingly looking down on it. In Aolun Prague Gacha, Beligutai Town, Abaga Banner, the Hugegejile Cooperative was established. The stock ratio was determined by the number of cattle and sheep, and the grassland of the members who joined the cooperative was uniformly leased, and the production and operation were booming. Now the scale effect is beginning to show, the bargaining power of selling cattle and sheep and buying forage grass has increased, the expenditure of hiring shepherds has decreased, and the scale of loan credit has expanded, with dividends of more than 1.5 million yuan.

  "Aolun Prague is ‘ Multiple springs ’ Meaning of. In recent years, I feel that if we want to make the herdsmen’s wealth spring flow fully, we can’t do without concerted efforts. Cooperative economy is the general trend, ‘ Tertiary industry ’ Integration is the precise direction. " Narisu, secretary of the party branch of Gacha, Aolun Prague, recalled that one of the starting points of their work as 17 neighboring herders was to adjust the small network of one household and build a unified large network of cooperatives. However, due to the inconsistent level of understanding and the difficulty in determining the shareholding ratio, the number of members who joined the community did not meet expectations, and the grassland could not achieve centralized contiguous. "Now we have launched ‘ I have a cow in the pastoral area ’ Activities, the realization of the national consumer traceability generation. The registered Oasis Animal Husbandry Co., Ltd. engages in product distribution for the local leading enterprise Erdun Meat Industry. Members are engaged in short-term fattening in the factory, and the income is not bad. Now the herdsmen’s eyes bound by the net fence have already expanded to the online, to the workshop and to the county. " Sue said that day.

  The grassland area of Xilin Gol League is 192,000 square kilometers, of which the usable grassland area is 180,000 square kilometers. Recently, the local authorities have put forward the measures and ideas to optimize the net fence in the next step: First, adjust the industrial structure and give full play to the positive role of the net fence. Develop moderate scale management through the circulation of grassland contractual management rights, and develop family pastures and professional breeding cooperatives on the basis of grass-fixed livestock and grass-livestock balance to promote the transformation of production and management methods, thus improving the grassland ecological environment. Second, moderately integrate fences and implement rotational grazing. Through the construction of fenced forage base, the grassland is divided into several grazing areas to promote the growth and breeding of grassland vegetation in the way of rotation of use and maintenance. At the same time, we will continue to strengthen the construction of grassland fences and sheds, and promote the grassland animal husbandry to shift from natural grazing to house feeding and semi-house feeding. The third is to scientifically arrange wildlife habitats. In the important distribution areas of wild animals, biological corridors between biodiversity reserves and nature reserves, broken wildlife habitats and original places, round-trip roads and activity channels for wild animals are opened.

"The Final Moment" won the one-day box office champion Claudia’s first radio broadcast.

1905 movie network news "Vivid images of all living beings make us feel the unique charm of that era", "When a few simple lines in the history books turn into emotional images, this is definitely the most exciting movie for me this year", and the film is currently being shown in the whole country. This film is based on the grand pattern of the Central Committee of the Communist Party of China leaders’ strategizing in Xiangshan in 1949, which not only shaped the leaders’ daily life, but also invented a group of little people with distinctive personalities. This "drama processing" of history has also won the praise of many young audiences. "There are many highlights in the life of great people, and the integration of small people is just right. Watching movies has made me interested in the history of that period."

Yesterday (September 24th), the film won the single-day box office champion, and now it has accumulated more than 63 million box office, including 7.0 points for Douban, 9.2 points for Cat’s Eye and 9.1 points for Taobao Film, which is the highest rated film on the ticketing platform in the same period!

 

Little people add luster to the great history   They are also the pioneers of the new China.


"Whether writing real history or writing big people, I like to start with small people, life details and relationship between people, so that there is a play!" Screenwriter He Jiping believes that no matter how grand the history is, it needs to be told through characters.

In order to make the story more interesting, the film specially created a series of lifelike little people around a generation of leader Mao Zedong. Chen Youfu, a security guard played by Johnny, consistently defended Chairman Mao’s safety and explained loyalty with persistence; Meng Yu, an announcer played by Claudia, broadcasts important news again and again and spreads the good news of victory to the whole country; Tian Erqiao, the most "tear-jerking" film, charged on the battlefield, showing the heroic attitude of young people fighting for their beliefs 70 years ago. These characters have more vitality under the background of history, and they have also entered everyone’s hearts. The audience commented: "These little people are actually the epitome of hundreds of millions of China people in 1949, and they also contributed to the birth of the new China."

In addition, under the ingenious thinking of screenwriter He Jiping, the fate of these little people is also closely related to the changes of the times, which plays an important role in promoting the plot. For example, Meng Yu’s first radio broadcast in her life was to announce the arrival of Chairman Mao in Peiping. The appearance of "Common Program" was not expressed by the reading at a formal meeting, but the plot of Meng Yu’s live broadcast at Shuangqing Villa at the invitation of Chairman Mao. Using characters to connect the nodes of the times in series, the audience also gave praise to such elaborate design, praising the film "let every character become a witness of history."

Revealing the Central Committee of the Communist Party of China’s first stop in Beijing to "catch the exam"   Young audience: Xiangshan is so important.


"I didn’t expect that Xiangshan not only had red leaves, but also left a great figure of the older generation of revolutionaries commanding the liberation war to national victory." Through "The Decisive Moment", many viewers also learned more about Xiangshan, a revolutionary holy land and a series of great events experienced by the founders of the Republic here. As the Central Committee of the Communist Party of China’s first stop in Peiping, Xiangshan witnessed the leaders of the CPC Central Committee headed by Mao Zedong meeting with Democrats here, directing the battle of crossing the river, and preparing for the meeting of the New Chinese People’s Political Consultative Conference and founding ceremony, which was of great significance to the final victory of the new democratic revolution and the founding of New China. The film’s concentrated display of this period of history and vivid portrayal of Chairman Mao and other figures also gave young people who grew up in the new era an opportunity to touch and understand history. "After watching the film, they gained knowledge and knew the irreplaceable historical position of Xiangshan."

The price is699,000! Dongfeng Warrior 917 Modified Model Listed Hard Off-road.

On November 15th, at the 2024 Guangzhou Auto Show, which opened today, Dongfeng Warriors announced that the 917 officially modified model "Highland Lion" was listed, with a guide price of 699,000 yuan, which is 61,300 more expensive than the extended range basic version.

Wandering stars

Dongfeng Warrior 917 Highland Lion is based on the transformation of Warrior 917 production version, adding new metal side bars, front and rear metal protection bars, roof expansion platform, rear spare tire bracket, etc., with a more powerful appearance and powerful off-road configuration.

Wandering stars

In addition, the owner can also choose racing-class nitrogen shock absorber with adjustable damping, towing system, electric winch, exclusive nameplate and car body jacquard, etc. After installing the platform kit of roof expansion kit, the vehicle can weigh 150kg statically and 100kg dynamically.

Wandering stars

The car expands a brand-new space, and the individual towing scheme is freely selected. The maximum towing mass of the towing system is 2500kg, and it can supply 12V power to the towed equipment.

Wandering stars

The maximum power of 917 Highland Lion Range Extender is 145kW, the total power of 3 motors is 600kW, and the peak torque is 1050N・m, which matches the 65.8kWh Contemporary Amperex Technology Co., Limited ternary lithium battery pack. The CLTC has a pure electric cruising range of 200km and a comprehensive cruising range of 1026km.

Bilibili’s UP owners stopped working collectively, so what should the content creators do?

Bilibili set off a wave of stagnation.

UP owners have stopped watching, bilibili, what’s the matter?

On April 2nd, the topic of "bilibili UP Master Initiates Stop More Tide" topped the hot search list in Weibo, which triggered a hot discussion among netizens.

A few days ago, many bilibili UP owners released videos that stopped updating. For example, the game area UP owner with 3.85 million fans is "King Xu who eats by his face"; Top 100 UP owners "LKS-"with 3.11 million fans in 2022; 2.65 million reasoning area head UP owner "I am a weird gentleman" and so on have said.The content will not be updated in the short term.

(Source: Weibo)

In response to this incident, many UP owners have responded to the incident. "King Xu who lives by his face" wrote in Weibo that it is a personal reason to stop, and it is normal for some people to make money and others to lose money in content creation.

In addition, "LKs–" responded that the shift stoppage has nothing to do with the economic situation, and the income in bilibili this year is no less than before.

But then again, in the past two years, there are not a few UP owners who have announced that they will stop working.

Previously, well-known UP owners such as "Explore Taro", "Detective Tang Renjie" and "Funny Sichuan kshadow" and many middle-waist UP owners with hundreds of thousands to tens of thousands of fans stopped updating their content.

According to statistics, nearly 20% of the top 100 UP owners in bilibili in 2018 have stopped working.

In addition, when most UP responded to the reasons for stopping the shift, they all said that they were affected.Impact of reduced platform revenue.

According to the data, in the fourth quarter of 2022, more than 10% of UPs in bilibili stopped updating or reduced the update frequency, and more than 60% of them said that it was due to the decline in income.

(Source: bilibili)

It is worth mentioning that last year, bilibili adjusted the creative incentive mechanism, which triggered a heated discussion within the UP owners.

In March, 2022, bilibili UP owner "Midu Dzg" released a dynamic statement that "bilibili’s creative incentive was revised, which directly reduced by 80%". Later, many UP owners all said that after the revision of the creative incentive plan, the income decreased by 50%-80%.

We should know that the main income of UP owners comes from three parts. The first part is creative incentives, including punching challenges and video creation incentives. The second part is advertising, including advertising sharing, offering a reward for goods, etc. The third part is the charging of fans in the form of rewards.

Among them, the "Creative Incentive Plan" launched by bilibili in January 2018 is the most important source of income for most UP owners. Now reducing this income will inevitably lead to the increasing dependence of UP owners on advertising, thusThere is a phenomenon of loss of high-quality content.

Combined with the recent events in which many UP owners stopped working, it is not optimistic that the content ecological situation in bilibili is true.

At present, the creators of "power generation with love" in bilibili are gradually losing.

Bilibili is about to lose its content advantage?

As we all know,Bilibili’s Chinese video content has always been its greatest advantage.

For a long time, bilibili has gathered many high-quality content creators with its unique Chinese video attributes. At the same time, because the content covers multiple fields such as secondary, life, humanities, society and entertainment, platform users are very sticky.

But in the last two or three years,Bilibili’s content attributes are changing quietly.In 2020, bilibili began to test the vertical screen playback function, and continued to increase the proportion of short video content.

In 2022, the vertical screen video of Story-Mode accounted for more than 17% of bilibili’s homepage traffic. At present, the video content of Story-Mode accounts for nearly 50% in one minute, and the short video content accounts for 20% in 30 seconds.

(Source: bilibili)

In addition, bilibili is also increasing the revenue sharing cost of live broadcast and advertising business. The financial report shows that in 2021, bilibili’s revenue sharing cost reached 7.7 billion yuan, up 77.1% year-on-year; In 2022, bilibili’s revenue sharing cost reached 9.1 billion yuan, an increase of 18% year-on-year.

And this part of the increased share cost, almost all of which was used by bilibili in the incentive and share given to UP owners in the live broadcast and advertising business.

It can be said that bilibili intentionally weakens the attribute of Chinese video and moves towards short video platforms such as Tik Tok and Aauto Quicker.

However, due to the increasing number of short video creators, bilibili’s position is gradually blurred, and the original advantages and barriers of Chinese video are being lost.

This is not good news for bilibili, which has been losing money for a long time. According to the latest financial report, the net loss of bilibili in 2022 was 7.5 billion yuan, up about 10% year-on-year.

Bilibili’s revenue structure is mainly divided into four parts: games, value-added services, advertising and e-commerce. In the past, games accounted for the largest proportion in bilibili’s revenue structure.

Based on this, in order to reduce business risks, bilibili began to reduce its dependence on the game business. From 2017 to June 2022, the revenue share of its game business decreased from 83.4% to 21.3%.

Paradoxically, although bilibili has effectively achieved "de-gamification", its value-added services, advertising and e-commerce businesses have never been able to carry the banner of growth.

(Source: Lei Bao)

At the same time, the high income-sharing expenditure directly leads to the fact that bilibili has not yet achieved breakeven.

On the one hand, it is losing the advantages of medium and long video and the loss of UP owners, and on the other hand, it is difficult to reduce the cost of revenue sharing. bilibili’s survival pressure is already very heavy.

In order to change the status quo, bilibili has accelerated the process of commercialization since 2022.

While adding short videos, knowledge payment and live delivery, we will expand the income sources of content creators. For example, relax the restrictions on live broadcast anchors with goods; Launch the content cooperation platform "Huahuo" platform to promote the cooperation between brands and UP owners; Get through the bilibili class, so that the anchor can take the class live, and so on.

In 2022, the revenue of bilibili’s effect advertising increased by over 50% year-on-year, which was the most growing business among the company’s four revenue sectors, mainly benefiting from the development of paid activities such as live broadcast and big membership.

The data shows that the financial report for the fourth quarter of 2022 shows that the average daily video playback in bilibili reached 3.9 billion times, a year-on-year increase of 77%; Among them, the average daily broadcast volume of bilibili Story-Mode (single stream short video content) has achieved a high growth rate of 175% year-on-year.

It is not difficult to see that,Live broadcast and short video services have indeed brought great growth possibilities to bilibili.

At present, short video and live broadcast services are not without prospects, but for bilibili, which started late, this step is not so easy.

Medium and long videos are still a good business.

In recent years, under the impact of short video, medium and long video platforms are facing great challenges.

The 51st Statistical Report on China’s Internet Development shows that by December 2022, the number of short video users exceeded one billion for the first time, and the user utilization rate was as high as 94.8%.

In addition, from 2018 to 2022, the number of short video users increased from 648 million to 1.012 billion, with an average annual increase of over 60 million users.

In this context,Medium and long video platforms have to start to expand new content forms.Perhaps this is the important reason why bilibili will increase the revenue and cost of live broadcast and short video services even though it is facing losses.

At present, in addition to betting on short videos and live broadcasts, bilibili has also begun to cut into self-made dramas and variety shows, trying to build content barriers and seize commercial space; Tencent Video, Mango TV, Iqiyi and other long video platforms are also incubating a large number of miniseries, with the intention of resisting the surprise attacks of Tik Tok and Aauto Quicker.

And on the other side,Tik Tok and Aauto Quicker are also increasing their investment in medium and long video content.

In Aauto Quicker, not only did it launch a variety of self-made variety shows, such as talk show Super Nice Conference, food social file Yue Hard, time and space shop, etc., but it also acquired ACFUN (Station A), which focuses on secondary content.

(Source: Aauto Quicker)

Tik Tok, for its part, not only launched the Tik Tok Web version to increase the output of medium and long video content, but also launched the "China Video Partner Program" under its watermelon video, and spent 2 billion yuan to support the creation of high-quality Chinese video; In March this year, Tik Tok launched an APP called "Qingtao", which is positioned as a video platform of interest knowledge, very similar to bilibili.

(Source: Qingtao)

In summary,Medium and long videos are still an important battlefield for content platforms.How to tap new increments and attract more creators and users in the future is the primary task of the content platform.

Predictably, at the moment when the traffic growth peaks, improving the content ecology is the top priority.. Under such circumstances, it is not difficult for bilibili, which is trapped in commercialization, to break through.

But in any case, it is better to make efforts than to give up completely. When the danger comes, all bilibili can do is to integrate its advantages before starting.

Author | Pandora

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