To understand the important thought of the Supreme Leader’s General Secretary on the Party’s self-revolution, we must thoroughly grasp the significance of this important thought, the major questions answered, the practical requirements put forward, the theoretical philosophy contained, resolutely implement the strategic policy of strictly administering the Party in an all-round way, and provide a strong guarantee for comprehensively promoting the construction of a strong country and the great cause of national rejuvenation with Chinese modernization.

　　Since the 18th National Congress of the Communist Party of China, the General Secretary of the Supreme Leader has led the whole Party to promote the comprehensive and strict administration of the Party with unprecedented determination, creatively put forward a series of original and iconic new ideas, new ideas and new strategies, and formed the important thoughts of the General Secretary of the Supreme Leader on the Party’s self-revolution. In his important speech at the Third Plenary Session of the 20th Central Commission for Discipline Inspection, General Secretary of the Supreme Leader profoundly expounded the important thought of the Party’s self-revolution, scientifically answered major questions such as why our Party wants to self-revolution, why it can self-revolution, and how to promote self-revolution, and clearly put forward the practical requirements of "nine actions". In the new era and new journey, to further promote the Party’s self-revolution, we must thoroughly understand the important thought of the Supreme Leader General Secretary on the Party’s self-revolution, deeply grasp the great significance of this important thought, the major questions answered, the practical requirements put forward, and the theoretical philosophy contained in it, and translate it into specific policies, specific tasks and specific measures in time.

　　It is of great significance to deeply grasp the important thought of the Supreme Leader General Secretary on the Party’s self-revolution.

　　The General Secretary of the Supreme Leader pointed out: "Being brave in self-revolution is the most distinctive character of our party and the greatest advantage of our party." It is precisely because of the political character of being brave in self-revolution that our party can go through a hundred years of ups and downs, rise again in times of crisis, set things right after mistakes, and become an invincible and unbreakable Marxist party. Since the new era, under the strong leadership of the CPC Central Committee with the Supreme Leader as the core, the whole party has always been sober and firm in solving the unique problems of the big party, taking the comprehensive and strict management of the party as the distinctive theme of party building in the new era, insisting that the comprehensive and strict management of the party is always on the road, and the party’s self-revolution is always on the road, constantly deepening the regular understanding of the party’s self-revolution, and forming the important thought of General Secretary of the Supreme Leader on the party’s self-revolution.

　　This important thought is a new achievement made by our Party by insisting on combining the basic principles of Marxism with the concrete reality of China and the excellent traditional Chinese culture to promote theoretical innovation. It is a new chapter of the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, which indicates that our Party has reached a new height in its understanding of the law of Marxist party building and the law of communist party’s administration. This important thought has condensed the rich practical experience and important theoretical achievements of strictly administering the Party in an all-round way in the new era, condensed the high consensus of the whole party, and provided a fundamental follow-up for the in-depth promotion of strictly administering the Party, building a clean and honest party style and fighting corruption in the new era and new journey, and provided a powerful ideological weapon and scientific action guide for doing a good job in discipline inspection and supervision in the new journey.

　　Thoroughly grasp the important questions answered by General Secretary of the Supreme Leader on the Party’s self-revolution.

　　General Secretary of the Supreme Leader pointed out: "As the largest Marxist ruling party in the world, how can our party successfully jump out of the historical cycle of the rise and fall of chaos and ensure that the party will never deteriorate, change color and taste?" This is a strategic issue before all party comrades. " General Secretary Supreme Leader’s important thought on the Party’s self-revolution scientifically answers three major questions on the Party’s self-revolution from the height of coordinating the overall situation of the great rejuvenation strategy of the Chinese nation and the unprecedented changes in the world in the past century. This important thought is far-sighted, broad in vision, profound in thought and rich in connotation, which fully demonstrates our party’s high consciousness of self-purification, self-improvement, self-innovation and self-improvement.

　　This important ideological science answers the important question of "why should we make self-revolution" of our party and points out the fundamental task of ensuring that the whole party will always keep its original heart and undertake its mission. Marx and Engels solemnly declared in the communist party Declaration: "All the movements in the past were for a few people or for the benefit of a few people. The proletarian movement belongs to the vast majority of people and is an independent movement for the benefit of the vast majority of people. " Our Party is a political party armed with Marxism. It has always regarded seeking happiness for the people of China and rejuvenation for the Chinese nation as its initial intention and mission, and it has been consistently reflected in all the Party’s struggles. The party’s initial intention and mission are the concentrated expression of the party’s nature, purpose, ideals, beliefs and goals. The longer it is in power, the less it can lose the true colors of Marxist political parties, the less it can forget the party’s initial intention and mission, and the less it can lose the spirit of self-revolution.

　　This important thought scientifically answered the important question of "why can we make self-revolution" of our party, and strengthened the confidence and determination of the whole party to make good use of the "second answer" and solve the unique problems of the big party. Self-supervision is a worldwide problem and a Goldbach conjecture of state governance. General Secretary of the Supreme Leader pointed out: "We should answer ‘ The question of caves ’ , practice self-purification of the Communist Party of China (CPC) people ‘ Peerless martial arts ’ 。” Since the new era, our Party has unswervingly pushed forward the great practice of self-revolution of the Party in the new era of strictly administering the Party in an all-round way, and continuously deepened practical exploration and theoretical thinking. On the basis of the first answer given by Comrade Mao Zedong in that year, "Let the people supervise the government", he gave the second answer, which is to continuously promote the self-revolution of the Party. Today, our party’s ability of self-purification, self-improvement, self-innovation and self-improvement has been significantly enhanced, which has opened up a new realm of the century-old party’s self-revolution, fully proving that our party is fully capable of solving its own problems.

　　This important thought scientifically answers the important question of how to promote the self-revolution of our party, and shows the bright future of the party to keep its vitality forever and take a new road to catch the exam. The party has always maintained its vigor and vitality, and has taken the new road of building a socialist modern country in an all-round way, which is inseparable from the only way to strictly manage the party in an all-round way and the self-revolution of the party that is always on the road. The General Secretary of the Supreme Leader put forward the practical requirements of "Nine Perspectives" for deepening the party’s self-revolution, which has continuously deepened our understanding of the regularity of the party’s self-revolution in the new era and new journey, made the party’s self-revolution ideas and measures more rigorous, and pointed out the direction of progress and provided fundamental follow-up.

　　Thoroughly grasp the practical requirements put forward by the Supreme Leader General Secretary on the Party’s important thought of self-revolution.

　　The practical requirements of the "Nine Perspectives" put forward by the Supreme Leader General Secretary are nine problems that we need to grasp in deepening the self-revolutionary practice of the Party. To deeply understand the important thought of the Supreme Leader’s General Secretary on the Party’s self-revolution, we should persist in emancipating our minds, seeking truth from facts, advancing with the times, being upright and innovative, and truly implement the practical requirements in practice.

　　Adhering to the centralized and unified leadership of the CPC Central Committee as the fundamental guarantee requires us to further promote the party’s self-revolution, and we must plan, deploy and promote it in a unified way under the centralized and unified leadership of the CPC Central Committee to ensure that the party’s self-revolution always maintains the correct direction. Taking leading the great social revolution as the fundamental purpose requires us to further promote the party’s self-revolution, and we must closely focus on comprehensively promoting the construction of a strong country and the great cause of national rejuvenation with Chinese modernization, so that the party’s self-revolution can better serve the party’s central task. Based on the Supreme Leader’s Socialism with Chinese characteristics Thought in the New Era, we are required to further promote the Party’s self-revolution. We must persistently arm the whole Party with the Party’s innovative theory and constantly improve the firmness, scientificity and effectiveness of the Party’s self-revolution. Taking jumping out of the historical cycle rate as the strategic goal requires us to further promote the party’s self-revolution. We must promptly eliminate the virus that erodes the party’s healthy body, promptly eliminate all kinds of hidden dangers that damage the party’s ruling foundation, and continuously consolidate the party’s long-term ruling position. In order to solve the unique problems of the big party as the main direction, we are required to further promote the party’s self-revolution. We must closely focus on the "six ways to always", treat both the symptoms and the root causes, make comprehensive policies, make concerted efforts, persevere and make contributions for a long time, and demonstrate the advantages of the big party in constantly solving the unique problems of the big party. To improve the comprehensive and strict management of the party system as an effective way requires us to further promote the party’s self-revolution, and we must adhere to full coverage in content, full coverage in object, full chain in responsibility, and full integration in system.Further form a virtuous circle of relying on the party’s own strength to find problems, correct deviations, promote innovation, and realize the overall improvement of the ruling ability. Taking forging a strong organization and building an excellent team as an important focus, we are required to further promote the party’s self-revolution, and we must promote all-round progress and all-round Excellence of party organizations at all levels, so that the broad masses of party member cadres can be loyal and clean. Taking discipline and discipline as an important starting point, we are required to further promote the Party’s self-revolution. We must always adhere to strict tone, strict measures and strict atmosphere, take fine work style as the guide, take strict discipline as the guarantee, punish evil with anti-corruption, clear obstacles, promote the Party’s self-revolution, step by step, and realize self-sublation and self-leap in the process of innovation. Taking the combination of self-supervision and people’s supervision as a powerful driving force requires us to further promote the party’s self-revolution. We must effectively link inner-party supervision with state organs’ supervision, democratic supervision, judicial supervision, mass supervision and public opinion supervision, realize the benign interaction and complement each other between self-discipline and heteronomy, and promote the party’s self-revolution to create a new situation.

　　Deeply grasp the truth, theory and philosophy contained in the important thought of the Supreme Leader General Secretary on the Party’s self-revolution.

　　To study and implement the spirit of the Third Plenary Session of the 20th Central Commission for Discipline Inspection, the most important and crucial thing is to thoroughly understand the important thought of the Supreme Leader General Secretary on the Party’s self-revolution. This requires us to deeply grasp the truth and philosophy contained in this important thought, so that we can know its meaning better, know its nature better and know why, and carry out the party’s self-revolution to the end with perseverance on the road forever.

　　The important thought of the Supreme Leader’s General Secretary on the Party’s self-revolution is a theoretical system with strong political, scientific and practical features, which profoundly embodies the world outlook and methodology of the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, and persists in applying the standpoint and viewpoint methods that run through it. This important thought provides the guiding ideology, basic concepts and basic theories for the construction of China-oriented Marxist theoretical system of party building, and also points out the direction for the construction of discipline system, academic system and discourse system of party building and discipline inspection and supervision in the history of the Communist Party of China, laying a solid ideological foundation. To deeply grasp the theoretical philosophy contained in the important thought of the Supreme Leader General Secretary on the Party’s self-revolution, we need to make persistent efforts in learning and understanding, in intensive research, deeply ponder its systematicness and academic rationality, and make clear its theoretical origin, development context, problem orientation and internal logic.

　　The purpose of learning is all about application. Mastering and using the powerful weapon of the Supreme Leader General Secretary’s important thought about the Party’s self-revolution, our Party will be able to constantly remove the scale of thought, the disadvantages of behavior and the poison of the body, constantly enhance its abilities of self-purification, self-improvement, self-innovation and self-improvement, and constantly open up a new realm of the Party’s self-revolution in effectively coping with the risk test of long-term governance, so as to better lead and guarantee the great cause of building a strong country and national rejuvenation.

　　(Written by Zhu Lingjun)

　　CCTV News:In 2018, North Korea put forward a new strategy of concentrating all its efforts to develop the economy. In all aspects of social economy and people’s lives, some changes are quietly taking place. Not long ago, our CCTV reporter visited Pyongyang Cosmetics Factory.

　　Pyongyang Cosmetics Factory is located in Pingchuan District, the scenic center of Pyongyang. The factory was founded in 1962, and three generations of North Korean leaders have visited and inspected it many times. The famous "Yinheshui" brand cosmetics in North Korea are produced by this factory.

　　Jin Xian, general manager of Pyongyang Cosmetics Factory, told CCTV reporter that although it has a history of nearly 60 years, the product line has been continuously enriched and the factory has developed rapidly in recent years. Just before 2015, the products of the factory were still relatively single, and only toothpaste, soap and some basic cosmetics could be produced. After continuous expansion, the factory has a number of production lines, which can produce more than 15 million cosmetics, 10 million cosmetic tools and more than 2,000 tons of soaps every year. Since 2018, seven production lines have been running almost non-stop. All products from raw materials to outer packaging use Korean domestic products and no longer rely on imports.

　　 It is worth mentioning that the "Yinheshui" brand male cosmetics developed and produced by the factory have recently become popular in North Korea, and North Korean men have begun to love beauty.

Kang Minxin, Director of Pyongyang Cosmetics Factory Research Institute

　　Kang Minxin, Director of Pyongyang Cosmetics Factory Research InstituteRecently, we have launched a men’s cosmetic set, which can be sold as a souvenir set or separately according to customer’s needs. After customers use this male cosmetic, their skin will become smoother and more elastic.

　　"Yinheshui" brand cosmetics are mainly "pure natural", and the factory claims that the raw materials contain ginseng and animal and plant extracts, which are safe and reliable without side effects. The price of a bottle of "Yinhe Water" brand emulsion is about RMB 30 yuan, which is affordable for ordinary working-class people in North Korea and is a best-selling commodity in major stores. Vendors from Russia, Iran, Australia and other countries also expressed their intention to cooperate with the factory.

　　BEIJING, May 19 (Chen Caixia) From 19th to 21st local time, the leaders of the Group of Seven gathered in Hiroshima. Here, they will discuss issues such as the Ukrainian crisis, global energy and AI.

　　However, before the summit was held, the protests of "No G7" and "No war accomplice" were endless. Japan, the host of this time, wants to use the opportunity of hosting the G7 summit to bring in "private goods" and put pressure on China and Russia.

　　Is it a political meeting or a political performance? The summit revealed multiple intentions.

　　Intention 1:

　　Japan wants to be "the leader of East Asia"

　　As we all know, Hiroshima was the place where the atomic bomb exploded during World War II. From the location of the G7 summit, we can see the "small abacus" played by Japan.

　　Time magazine pointed out that Japan, the host country, hopes to use "the tragic history of this city to convince the most powerful democratic countries in the world." Only when they unite can they cope with the so-called "threats from Russia, China and North Korea".

　　But Japan seems to forget that the country that dropped atomic bombs on Hiroshima and Nagasaki in 1945, causing hundreds of thousands of deaths and injuries, was the United States.

　　Japan hopes to take this G7 summit to enhance its regional dominant position, show the international community that Japan has deepened its "Indo-Pacific concept" and demonstrated its sense of international existence, and at the same time, echo and cooperate with the "Indo-Pacific strategy" of the Biden administration of the United States again, and its purpose is obvious.

　　This time, in addition to the original "small circle" of G7 — — Japan, the United States, Britain, France, Germany, Canada and Italy, as the rotating presidency this year, Japan has also brought in eight "foreign aid" venues, including South Korea, Australia, India and Brazil.

　　During a series of diplomatic tours at the beginning of the year, Kishida constantly played up the "China threat" and the situation in East Asia with the leaders of G7 and other countries. He repeatedly stressed that Japan is worried about the current regional security situation and even openly threatened that "East Asia will become the next Ukraine".

　　Kishida declared that Japan will become the "leader" of the East Asian order. He also stressed that Japan should continuously deepen its interaction with the United States and NATO, and will fundamentally strengthen its "defense capability."

　　Intention 2:

　　Manipulate nuclear issues

　　According to the Kyodo News Agency, the first day of the G7 summit will publish an outcome document related to nuclear disarmament. Among them, we will take the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) as the basis of nuclear disarmament and non-proliferation, strengthen the nuclear non-proliferation regime, and create momentum for the "nuclear-weapon-free world" advocated by Kishida.

　　The analysis points out that Japan, while claiming to send a peaceful message of abolishing nuclear weapons to the world through the G7 summit, plays the role of a pawn of the United States and tries its best to seek "nuclear sharing" with the United States to achieve "national security", which shows Japan’s contradictory psychology.

　　In addition, the summit also announced that "Russia’s nuclear threat" was listed as an issue. In this regard, Russian Foreign Ministry spokesman Zacharova said that this practice is against common sense.

　　"This is Hiroshima. Imagine that the bottomless line of the United States meets the sad and absurd decision of the Japanese organizer, which is shocking."

　　Zacharova mentioned at a news conference that there is documentary evidence that the United States had planned to launch nuclear strikes against other Japanese cities besides Hiroshima and Nagasaki.

　　In recent years, Japanese right-wing politicians have been manipulating the nuclear issue, trying to push Japanese society to gradually abandon the tradition of nuclear taboo, regard the possession of nuclear weapons as a "normal" national security need, regard the deployment of nuclear weapons as a reasonable arrangement, and finally regard the development of nuclear weapons as a "natural" choice.

　　"The direction of them (Japan) is very clear, and Japan is moving towards becoming a nuclear-armed country within five years." Former US Secretary of State Henry Kissinger said in an interview with The Economist in April that Japan has always "wanted to be close" to the United States.

　　Intention 3:

　　America’s wishful thinking

　　Earlier, it was speculated that Biden might cancel the G7 trip because the United States was facing a debt default crisis. However, he left behind the domestic "mess" and arrived in Hiroshima on Air Force One the day before the G7 summit.

　　According to the analysis, Biden will release the signal to the outside world at the G7 summit — — The United States can not only guarantee its strategic interests in the Ukrainian crisis, but also continue to build a "United front facing China" in the Asia-Pacific region.

　　Although the United States tried to "suppress" China with both fists in terms of security and economy, in the face of a series of domestic banking crises, debt ceiling disputes and even political violence, Biden had to announce that he would shorten his trip to Asia and cancel his scheduled visit to Australia and Papua New Guinea after the G7 summit.

　　The New York Times published an analysis article on 17th, saying that Biden’s shortening of overseas trip was "a manifestation that domestic politics in the United States undermined foreign policy, and it happened at a critical moment and in a key region".

　　Reuters also mentioned that Biden’s shortening of the Asian guild will hurt the credibility of the United States in the region.

　　Protests are everywhere.

　　G7 gangs harm others and harm themselves.

　　The G7 summit looks huge, but in fact, the differences and differences among member countries are becoming more and more obvious. French President Macron once said that Europe must reduce its dependence on the United States, resist pressure and stop being America’s "follower".

　　According to the analysis, with the economic strength and influence changing, it is impossible for G7 to dominate the world. If the G7 continues to stir up regional tensions and engage in factional confrontation, it will go against the wishes of most countries and will only harm others and yourself in the end.

　　In the past few days, the Japanese people have held many rallies in Hiroshima. They held various slogans and shouted slogans such as "Don’t be an accomplice in the war" and condemned the G7 summit for "military alliance" under the banner of "freedom and democracy".

　　There are also some Japanese people who say that the G7 summit will not bring peace, but will only bring deeper disasters to the world. If Japan keeps expanding its army, making military preparations and even seeking to possess nuclear weapons, it will only make Japan swallow the consequences of war again. (End)

　　China Youth Network, Beijing, May 29th (Reporter Wu Zhangyong, trainee reporter Wei Linyi) In a foreign country filled with bullets and smoke, there are such a group of China soldiers who are not afraid of sacrifice and contribute their youth and strength to the cause of peacekeeping with their steel bodies; Outside the thousands of miles where the disease is raging and the turmoil is rampant, they have made selfless efforts and devoted their sincerity and strength to protecting the peace of the region with their exquisite business; On the African continent, which is destitute of goods and materials, they are not afraid of difficulties and dangers, and rely on superb technology to build bridges and roads to guard peace and beauty … … They won the recognition of the people in the host country with their tough style, and they exchanged endless honors for the people of China with their proud achievements. They are the officers and men of chinese peacekeepers.

　　May 29th is the 14th International Peacekeepers’ Day and the 26th year of China’s participation in peacekeeping. In the past 26 years, China’s peacekeeping officers and soldiers have established a peacekeeping image praised by the world, and China’s peacekeeping cause has developed in depth and achieved a historical leap. Today, under the new international peacekeeping situation, China’s peacekeeping officers and men have actively responded to the concept of "building a community of human destiny" put forward by Chairman Supreme Leader, and promoted the new situation of peacekeeping in China with practical actions.

　　On September 28th, 2015, the Supreme Leader of president attended the UN peacekeeping summit at the UN headquarters in new york and delivered a speech. Xinhua News Agency reporter Li Tao photo

　　Twenty-six years of youth cast peacekeeping "China brand"

　　It has been 26 years since China first sent observers to participate in peacekeeping operations in 1990.

　　In the past 26 years, no matter in the Congo (DRC) where the disease is rampant or in Mali where the war is raging; Regardless of whether it is extremely hot in Sudan or dangerous in Lebanon, chinese peacekeepers has always adhered to the concept of "mission is above everything else, responsibility is more important than Mount Tai", overcame various difficulties with tenacious fighting spirit, and created a well-known "China brand" for peacekeeping.

　　"Strict discipline, no offense in autumn" is the core of peacekeeping "China brand".

　　According to the statistics of the Peacekeeping Affairs Office of the Ministry of National Defense, as of May 2015, the China Army has sent a total of 30,178 peacekeepers, and 10 of them have given their lives to maintain international peace and security. Since participating in peacekeeping operations, China peacekeepers have maintained the record of "zero violation of discipline" and "zero repatriation".

　　"Pursuing Excellence and Striving for First Class" is the goal of peacekeeping "China Brand".

　　In Mali, the highest temperature in the dry season is nearly 50 degrees Celsius, and China peacekeepers built a secondary hospital in less than four months; In Wau, South chinese peacekeepers, the officers and men of built the 3 km road from the peacekeeping camp to the airport into the best road in the war zone in just three days. In Congo (DRC), a Uruguayan peacekeeper wrote the following sentence on the back of his badge: "If I am injured, please take me to China Hospital".

　　It is understood that up to now, chinese peacekeepers has built and repaired more than 11,000 kilometers of roads and more than 300 bridges, cleared more than 9,400 mines and various unexploded ordnance, transported 1.1 million tons of various materials and equipment, transported a total mileage of 12 million kilometers, treated more than 149,000 patients, and completed more than 450 mobile patrols and more than 230 alert escort missions.

　　"Love the people, help the people and spread friendship" is the responsibility of peacekeeping "China brand".

　　"I love Congo, I love China". In the immature children’s voices, the children in the SOS Children’s Village in Bukavu, Democratic Republic of Congo happily welcomed the arrival of the 19th batch of China peacekeeping troops in Democratic Republic of Congo. Peacekeepers brought stationery, clothing and cultural and sports supplies, and specially brought snacks made by themselves. In 2005, officers and men of China peacekeeping troops in the Democratic Republic of the Congo teamed up with SOS Children’s Village in Bukavu to build aid. Even though China’s peacekeeping medical team in the Democratic Republic of the Congo has gone through more than a dozen rotations, the love relay continues all the time.

　　In the Marigao area, peacekeepers from other countries often send iced soda and fruit to China peacekeepers. In South China, the elderly old chief Rabbi specially sent four old hens to see off the Pakistani peacekeepers who are about to return to China; In many mission areas, local people will say that they don’t know the English on the uniforms of peacekeepers, but they know that "these soldiers with five-star red flags on their armbands are good people."

How to calculate the yield of Yu ‘ebao?

　　Yu ‘ebao is a popular investment and financial management method at present. Many people invest in Yu ‘ebao but don’t know it.How to calculate the income of Yu ‘ebao?The premise of calculating the income of Yu ‘ebao is to check the yield of Yu ‘ebao. According to different yields of Yu ‘ebao, you can calculate your Yu ‘ebao income according to the formula "Yu ‘ebao income = (your actual capital × income per 10,000 shares) ÷10000, or Yu ‘ebao income = income per 10,000 shares × your actual capital".

　　Since Alipay, the largest third payment platform in China, launched a balance appreciation service in June 2013, Yu ‘ebao has been highly concerned by people who like financial management. There are rumors that there is a bubble period of funds in the country this year, so Alipay has opened this value-added service, so that more people can deposit their money in Yu ‘ebao, and then everyone’s money will be gathered together and then invested. In the process of this investment, the income generated will be calculated according to a certain proportion of your principal, and the interest will be converted. Is Yu ‘ebao’s income really as good as it says? How to calculate the yield of Yu ‘ebao?

　　Calculation method of Yu ‘ebao’s income: seven-day total income /10000 (based on ten thousand yuan) * seven-day annualized rate of return per ten thousand copies = income (income/day).

　　For example, the total income of seven days is 200 yuan /10000*2.056% (every ten thousand income announced by the fund company on that day) =0.009 yuan (income on that day).

　　Calculation rules of Yu ‘ebao’s income:

　　Step 1: You must have an Alipay (or Yu ‘ebao) account. Transfer the deposit in Alipay to Yu ‘ebao.

　　Step 2: After the funds are transferred to Yu ‘ebao before 15 o’clock on the same day, it needs to be confirmed by the fund company for one day (not confirmed on weekends and national legal holidays).

　　Step 3: The fund company is internally divided by Yu ‘ebao, which mainly collects the funds of all users of Yu ‘ebao and then invests them.

　　Step 4: The daily income per 10,000 shares is announced by the fund company. Its origin is that the fund company invests your principal, and then the income of that day accounts for the proportion of the principal. For example, if you invest 10,000 yuan and the income is 100 yuan, then the yield is 1% (100/10,000 = 1%).

　　Check the seven-day annualized rate of return per 10,000 copies of "Yu ‘ebao" (this is the rate of return launched by Yu ‘ebao). Baidu searches for "Yu ‘ebao" and clicks on the link of Yu ‘ebao.

　　Step 5: Enter the balance treasure income broadcast page, which is the platform of "seven-day annualized rate of return per 10,000 shares" specially announced by fund companies. (The annual rate of return of Yu ‘ebao is the proportion of the income of seven days to the whole year. If the rate of return changes every seven days, your income will also change with it.

Postscript

　　I believe everyone knows how to calculate the yield of Yu ‘ebao, right? Compared with ordinary bank deposits, the interest rate is much higher, but at the same time there are certain risks, so Xiaobian suggests that you can spread the amount when managing money to ensure the maximum income and the highest security. For more questions about Yu ‘ebao, Xiaobian recommended it in related reading, hoping to bring help to netizens.

　

The original literature and history Jun Haoran’s literature and history is included in the topic # Late Qing Dynasty 28# China Modern History 37.

Tongzhi

Historians often describe Tongzhi Emperor as a "doormat" controlled by Cixi. At the same time, the death of Emperor Tongzhi is also a hot topic in academic circles and workshops, and the explosive words like brothel and syphilis are also popular among the people. Today, Wen Shijun will take a look at the life of Emperor Tongzhi with you.

First, Zai Chun’s early establishment and Xinyou coup

Emperor Tongzhi, namely Aisingiorro Zai Chun, is the eldest son of Emperor Xianfeng and the biological son of Cixi. Before Tongzhi ascended the throne, that is, in the eleventh year of Xianfeng (1861), in the Xinyou year of the lunar calendar, there was a coup in the palace-Xinyou coup, also known as Qixiang coup.

Tongzhi

The word "Qi Xiang" was originally promised by Zai Chun, and it was taken from "Don’t dry up, don’t be a child, give birth to Qi Xiang" in The History of Song Dynasty. Later, after the successful coup, the title of "Tongzhi" was changed.

In July of this year, when Xianfeng was dying, he decided to make Zai Chun the Crown Prince. Because the emperor was worried that his son was young, he appointed eight people, including Su Shun and Duan Hua, to assist the young master in government affairs, which was known as "Eight Ministers of Gu Ming" in history.

Xianfeng

However, Xianfeng’s decision shook the conservative political forces headed by Yi. Yi joined forces with Empress Dowager Cixi and Ci ‘an, who also had political ambitions, and successfully launched a coup in September. Eight ministers demoted and killed, and the palace almost became the world of a three-person group.

In winter, the Empress Dowager Ci ‘an and Empress Cixi changed the title to Tongzhi, and the Tongzhi emperor officially ascended the throne in the Hall of Supreme Harmony. Tongzhi, taking the meaning of "Tongzhi" in the Spring and Autumn Annals, symbolizes the Manchu people’s willingness to cooperate with the Han monarch and ministers and rule the country together. Of course, this title also follows the title of Shunzhi of the first emperor. The Empress Dowager of the Imperial Palace formally listened to the government in hall of mental cultivation. Until the emperor grew up, no matter how big or small, he had to listen to the queen mother of the two palaces.

Cixi and Ci ‘an controlled the state affairs.

Second, listening to politics and the change of Zai Chun’s thought.

The Empress Dowager of the two palaces listened to politics, and the young emperor was also happy to be at leisure and set his mind at ease to study in the Hongde Hall, which was taught by Qi Junzao and others. If this goes on, the Tongzhi emperor will study hard with his heart, and the old lady will carefully assist his ministers. This should have been a scene of blind date.

Tongzhi emperor’s juvenile pen practice map

However, the operation of power often does not follow the routine. Soon, Cixi overwhelmed Yi and Ci ‘an in the power struggle, and the three-person group became "one arbitrary family". Cixi cultivated her pro-Party and restricted the emperor’s power. When the emperor grew up, he found that he was not like that at all. The contradiction between mother and son just surfaced.

Cixi in film and television dramas

But Cixi was in full swing, and Zai Chun couldn’t help it, if not taste. In the eighth year of Tongzhi (1869), the Qing court began to prepare for the big wedding for the emperor, and Cixi decreed that the ceremony should be "frugal".

At that time, Zai Chun was 14 years old, and both Shunzhi and Kangxi were married at this age. The emperor is young and has his own interests. But the queen mother’s decision is obviously that she doesn’t want Zai Chun to "contact her in-laws" too early. He was afraid that the emperor would have other support, which would hinder him from listening to politics.

Young tongzhi emperor

Three years later, in the draft of Qing Palace, both Empresses had their own fancy. On the surface, it is to choose a concubine for the emperor. In private, the tide is surging and competing with each other. Never thought, Tongzhi emperor didn’t like Fucha arranged by his mother, but liked Arute recommended by Empress Dowager Ci ‘an. Tongzhi is probably deliberately angry with Cixi. The emperor is young and energetic. He has long had a contradiction with his mother and hates his mother. Naturally, he hates his house and his house.

This made Cixi quite unhappy and finally decided to suppress the emperor and the imperial concubine. There is often a saying in unofficial history that Arute was persecuted to death by Cixi, which is actually how it came about.

Arute in film and television dramas

In the first month of the 12th year of Tongzhi (1873), the Empress Dowager of the two palaces allowed Tongzhi to take charge of her own affairs. Tongzhi was 18 years old this year, which was the quiet period of Qing diplomacy. The Taiping Rebellion was initially put down in China, and the Westernization Movement was in full swing. The emperor also has a heart of struggle. This period is called "Tongzhi Zhongxing".

Originally, in this good time, the Tongzhi emperor should make great efforts, but in October of the following year, it was suddenly reported that the emperor was ill in the palace, and the memorial was still to be approved by the Queen Mother of the two palaces. On the fifth day of December, Emperor Tongzhi died in hall of mental cultivation at the age of 19. The Tongzhi emperor, who had just ruled the country and was full of ambitions and practiced, died so hastily.

Tongzhi died

Third, the mystery of tongzhi’s death

How did Emperor Tongzhi die? The academic and anecdotal versions are different. There is a saying from the Diary of Weng Tonghe that Tongzhi got "pox" and died of smallpox.

But people don’t believe this version. Because the emperor began to have a sick body in October and died suddenly in December, this time of more than one month did not conform to the death law of "pox disease". Therefore, unofficial history speculated that Tongzhi was "going to get sick". This "sexual disease" is syphilis.

Tongzhi

Which version should we believe?

Let’s talk about pox first. According to the record in Weng Tonghe’s Diary, the emperor began to stay in bed in November, and was diagnosed by the physician Li Deli as suffering from smallpox. At the beginning of the month, the emperor had symptoms of "no appetite" and "sore throat and nausea". Later, after eating duck porridge, Radix Scrophulariae, cicada clothing and honeysuckle, "the sore throat was reduced".

In the middle of the month, Weng Tonghe was able to meet the emperor personally. He described Tongzhi as "lying out, flowers are extremely dense", which means that the emperor has acne all over his body. After two days, I saw that the emperor became "powerful in voice and full in grouting", which seemed to be the stage for the human body to fight smallpox virus, and the emperor seemed to be getting better.

Cixi visits the sick

In fact, the emperor did not recover from illness. It is precisely because the acne granules are full but delayed, and those who do not get acne are unclear. By the beginning of December, the emperor became "haggard and hot in his chest." When the physician uncovered the ointment and squeezed pus, he found that "the pus was half-filled and purple under the waist." It wasn’t long before the emperor died.

This is Weng Tonghe’s record of Tongzhi Emperor’s illness, which is very detailed and clear.

Weng Tonghe in Film and Television Plays

However, according to unofficial history’s Legacy of the Qing Palace, "Tongzhi went to the place where prostitutes worked, causing syphilis". Emperor, why do you sleep in flowers and willow trees? Unofficial history said that it was the emperor who was afraid of the majesty of Cixi and felt that the palace was boring, so he "went out and indulged in prostitution". What’s even more amazing is that the emperor also specially looked for some "prostitutes in the city", that is, those "wild sellers" who couldn’t get on the table. Xiao Yishan, a famous historian of Qing Dynasty, has repeatedly emphasized that Tongzhi Emperor died of syphilis, which is widely circulated among the people. Considering the emperor’s special hobbies, it seems that it is not impossible.

However, in recent years, a large number of Qing Palace archives have been published, which provides some new materials for people to explore these issues. For example, the archives of the Qing Dynasty, Long live the book of drugs for smallpox, recorded all the diagnosis and medication records since the illness of Emperor Tongzhi. Comparing these records with Weng Tonghe’s diary, the records of the illness are relatively consistent. Scholars in the Palace Museum also consulted relevant Chinese medicine experts on this file, and the conclusion was that they died of smallpox, and the experts also gave a specific course of disease: smallpox (pox rash) was the initial stage of the disease; The middle stage of the disease is "carbuncle after acne" caused by the virus of acne rash; The later stage of the disease is "toothache" caused by the residual poison of acne rash; Finally, he died of toxic heat invagination.

Tongzhi is in brothel.

Therefore, from the current research, it seems that the Tongzhi emperor is more likely to die of smallpox. As for the statement of syphilis, it may be related to the special hobby of Tongzhi and the people’s rebellious psychology towards the "big man" in folk communication.

Wen Shijun said

Empress Dowager Cixi was too harsh, which made Tongzhi develop a rebellious and withdrawn character. It is said that the eunuch in the palace secretly opened a small door for him at the edge of the Forbidden City to please the young master. Tongzhi went out of the city through a small door, and three or two attendants walked close to him. It would be a great loss of decency if someone saw the emperor prostitute himself. However, it is an indisputable fact that Tongzhi has this hobby. Yi and other ministers have warned the Queen Mother many times, which is recorded in the history books. The emperor had to avoid the minister’s eyes and vent his desire in a remote place where no one cares. Indulgence, plus the place to go is not an "insurance" place. Therefore, the probability of the emperor being infected with prostitution is not small. But in the end, he got sick and died. According to the analysis of medical records, smallpox is more likely.

references

Qu Weiying: The Cause of Death of Tongzhi and Guangxu, Outlook Weekly, No.11, 1988.

Shen Weibin: Viewing the illness and cause of death of Tongzhi Emperor from the Diary of Weng Tonghe, Exploration and Contention, No.1, 2006.

Xu Yipu: The Death of Emperor Tongzhi, Journal of the Palace Museum, No.4, 1980.

(Author: Haoran literature and history porcelain country garbage dump)

Original title: "He was the shortest-lived emperor of the Qing Dynasty. He was controlled to die strangely all his life. Did he die of smallpox or syphilis? 》

On May 14th, 2022, local time, a serious fire broke out in a commercial building in New Delhi, India, killing 27 people so far. Local police say at least 50 people have been rescued, and 29 people are still missing.

On May 14th, 2022, local time, in New Delhi, India, people gathered around the building where the fire broke out.

On May 14, 2022, local time, in New Delhi, India, rescuers worked in a building where a fire broke out.

On May 14, 2022, local time, the police blocked the area around the fire scene in New Delhi, India.

On May 14, 2022, in New Delhi, India, a woman showed a photo of her 20-year-old daughter outside the hospital morgue, and her daughter was killed in a fire.

The building that caught fire mainly rented workshops to enterprises. At the time of the incident, fires broke out on all four floors. Preliminary investigation shows that the fire started on the second floor, where a company produces monitors and routers. At present, the cause of the fire is still unclear.

On May 14th, 2022, local time, Chief Minister Arvind Kejriwal of Delhi arrived at the scene of the fire, saying that the Delhi government had ordered an investigation into the accident. He also announced that he would pay 1 million Indian Rupee (about 87,600 yuan) to each family who died, and provide 50,000 Indian Rupee (about 4,380 yuan) as consolation money to each injured person.

A quick tour of the world

Queen Elizabeth II makes public appearance at the Royal Windsor Horse Show.

On May 13th, 2022, in Windsor, England, Queen Elizabeth II made a public appearance at the Royal Windsor Horse Show.

On the 10th, Queen Elizabeth II did not attend the opening ceremony of the British Parliament due to mobility difficulties, which was the first time in nearly 60 years. However, on the 13th, Elizabeth II looked good when she attended the horse show. Elizabeth II’s last public appearance was to attend the memorial ceremony of her late husband, Duke of Edinburgh, at the end of March.

The inauguration ceremony of Hungary’s first female president was held in Budapest.

On May 14th, 2022, Budapest, Hungary, the inauguration ceremony of the first female president of Hungary, Novak Katalin, was held in Budapest.

On March 10th, the Hungarian Parliament elected Novak Katalin, the presidential candidate of the ruling two parties, the Youth League and the Christian Democratic Party, as the President of Hungary. Novak became Hungary’s first female president.

Sri Lanka once again shortened the national curfew.

On May 14th, 2022, local time, Colombo, Sri Lanka, the curfew imposed by Sri Lanka was temporarily lifted, and soldiers patrolled the streets and stood ready.

According to media reports in Sri Lanka, the curfew currently imposed by the police in the country will be temporarily lifted at 6 o’clock on the 14th, and will be implemented again at 18 o’clock on the same day until 5 o’clock on the 15th.

People in Okinawa, Japan, held a demonstration, calling for reducing the burden brought by the US military base to the local area.

On May 14th, 2022, local time in Okinawa, Japan, the people of Okinawa held a "peaceful March" around the Futenma Base and Kadena Base of the US military, calling for reducing the burden brought by the US military base to the local area.

The "March for Peace" campaign was cancelled last year and the year before last because of the COVID-19 epidemic. This year, it was scaled down and held again after two years.

Yemeni children face severe malnutrition.

On May 14th, 2022, in Hajj province, northern Yemen, a one-and-a-half-year-old child faced with severe malnutrition and lived in a temporary camp for homeless people.

This article is a picture of Xinhua News Agency’s people’s visual surging image

The Decision of the State Council on Amending the Measures for Holidays of National Festival and Memorial Day shall come into force on January 1, 2025. There are two articles in the Decision, which mainly stipulate the following contents. First, the holidays for all citizens will be increased by 2 days, that is, Lunar New Year’s Eve and May 2. After the increase, there will be 4 days for the Spring Festival (Lunar New Year’s Eve, the first day to the third day of the first month) and 2 days for Labor Day (May 1 and 2). Second, on holidays for all citizens, unified holidays can be arranged reasonably, and combined with the implementation of paid annual leave and other systems, a longer holiday can actually be formed. Except for a few special circumstances, the continuous work before and after the statutory holidays generally does not exceed 6 days.

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Decision of the State Council on Amending the Measures for Holidays of National Festival and Memorial Day

Notice of the General Office of the State Council on the arrangement of some holidays in 2025

According to the "Decision on Implementing the Gradual Delay of the Statutory Retirement Age", from January 1, 2025, the statutory retirement age of male employees who were 60 years old will be delayed by one month every four months and gradually delayed to 63 years old; For female employees whose original legal retirement age is 55 years old, the legal retirement age is delayed by one month every four months and gradually delayed to 58 years old; The original statutory retirement age of female employees is 50 years old, and the statutory retirement age is delayed by one month every two months, and gradually delayed to 55 years old.

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The National People’s Congress Standing Committee (NPCSC)’s decision on gradually delaying the statutory retirement age.

The Energy Law of People’s Republic of China (PRC) shall come into force on January 1, 2025. This law consists of nine chapters, including general principles, energy planning, energy development and utilization, energy market system, energy reserve and emergency, energy science and technology innovation, supervision and management, legal responsibilities, supplementary provisions, etc. Based on the reality of China’s energy resources endowment, energy law adapts to the new situation of energy development, and makes provisions on major basic issues in the energy field at the legal level. It is a basic and guiding law in the energy field.

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Full-text Release: People’s Republic of China (PRC) Energy Law

The Academic Degrees Law of People’s Republic of China (PRC) shall come into force on January 1, 2025. The degree law clarifies that degrees are divided into academic degrees and professional degrees, which is a major breakthrough in this legislation. The Academic Degrees Law clearly stipulates that the conditions for awarding are clearly defined according to the three levels of bachelor, master and doctor. According to the two types of academic degrees and professional degrees, the conditions for awarding degrees are stipulated respectively, which further reflects the differences and characteristics of the two types of degrees, in which academic degrees highlight academic research ability and professional degrees highlight professional practice ability.

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People’s Republic of China (PRC) degree law

The Ministry of Housing and Urban-Rural Development issued a notice, demanding that the interest rate adjustment policy of individual housing loans for stock housing provident fund should be well connected. For loans with a term of one year or less, the contract interest rate should be implemented, and interest should not be calculated in sections; If the loan term is more than one year, the new interest rate regulations shall be implemented on January 1, 2025 according to the corresponding interest rate grades, unless otherwise stipulated by the state. Previously, the Notice of the People’s Bank of China on Lowering the Interest Rate of Personal Housing Provident Fund Loans required that the interest rate of personal housing provident fund loans should be lowered by 0.25 percentage point from May 18, 2024, and the interest rates of the first set of personal housing provident fund loans for less than five years (including five years) and more than five years should be adjusted to 2.35% and 2.85% respectively, and the interest rates of the second set of personal housing provident fund loans for less than five years (including five years) and more than five years should be adjusted to not less than. For individual housing provident fund loans issued before May 18, 2024, the adjusted interest rate will be implemented from January 1, 2025.

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It is related to the convergence of the stock mortgage policy! The Ministry of Housing and Urban-Rural Development arranges the adjustment of personal mortgage interest rate of provident fund.

The revised Regulations on the Application and Use of Motor Vehicle Driving License will be implemented on January 1, 2025. This revision mainly includes two aspects: First, adjust the application age and the upper limit of the driving age for large and medium-sized vans. Extend the application age limit for driving licenses of large and medium-sized vans from 60 to 63, and extend the age limit for quasi-driving models of large and medium-sized vans from 60 to 63. The second is to clarify the requirements for drivers of large and medium-sized vans to apply for extension of driving time. It is clear that drivers over the age of 63 who need to continue driving large and medium-sized vans can apply to dmv for an extension of the driving qualification period of the original quasi-driving type after passing the physical examination and passing the tests of memory, judgment and responsiveness, and the extension period shall not exceed 3 years.

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The Ministry of Public Security revised the Regulations on the Application and Use of Motor Vehicle Driver’s License to adjust the regulations on the application and age of driving license for large and medium-sized vans.

The National Medical Insurance Bureau and the Ministry of Human Resources and Social Security issued the National Drug List of Basic Medical Insurance, Work Injury Insurance and Maternity Insurance (2024). 91 kinds of drugs have been added to the national medical insurance drug list, and the total number of drugs has increased to 3159. The list will be implemented on January 1, 2025. Among 91 kinds of drugs, 89 kinds were included by negotiation/bidding, 2 kinds of drugs selected from national centralized procurement were directly included, and 43 kinds of drugs that have been replaced clinically or have not been produced and supplied for a long time were transferred out. In this catalogue adjustment, some negotiated drugs have been transferred out. In order to ensure the continuity of drug use, the notice proposes to give them a six-month transition period. Before the end of June 2025, the medical insurance fund can continue to pay according to the original payment standard. During the transition period, all co-ordination areas should take effective measures to make a good connection and guide designated medical institutions to replace them in time.

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Add 91 kinds of drugs! The new national medical insurance drug list was announced.

The new version of the medical insurance drug list adds 91 drugs, detailed list!

According to the requirements of the Notice on Relevant Work of the National Immunization Plan on the Adjustment of DTP Vaccine and DTP Vaccine Immunization Program, it will be implemented nationwide from January 1, 2025, and the current immunization program of 3-month-old, 4-month-old, 5-month-old and 18-month-old with one dose of acellular pertussis-diphtheria-tetanus combined vaccine and 6-year-old with one dose of diphtheria-tetanus combined vaccine will be adjusted to 2-month-old and April-old.

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Notice on the work related to the adjustment of DTP vaccine and DTP vaccine immunization program in the national immunization plan

The Ministry of Human Resources and Social Security, the Ministry of Finance and the State Taxation Administration of The People’s Republic of China jointly issued the Notice on Issues Concerning the Participation of Older Persons Receiving Unemployment Insurance in the Basic Old-age Insurance for Enterprise Employees. It will come into force on January 1, 2025 and will be implemented until December 31, 2039. The "Notice" further refines the policy of the unemployment insurance fund to pay old-age insurance premiums for older people who receive unemployment insurance benefits, and makes specific provisions on policy targets, payment standards, and handling modes. The first is to clarify the scope of personnel. All unemployed people who receive unemployment insurance benefits and are less than one year away from the statutory retirement age, including those who continue to pay unemployment insurance benefits, are included in the scope of protection. The second is to clarify the payment standard. Older pensioners participate in the basic old-age insurance for enterprise employees in their personal capacity at the place where unemployment insurance benefits are paid, and part of the minimum payment standard for local flexible employees is paid by the unemployment insurance fund. The third is to clarify the handling mode. According to the policy of "pay first and then make up", older pensioners can apply to the agency for the expenses borne by the unemployment insurance fund after they have participated in the basic old-age insurance for enterprise employees and paid the fees themselves. At the same time, the agency is required to actively inform the eligible older pensioners of relevant policies.

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It is related to the basic old-age insurance for enterprise employees! It will be implemented on January 1 next year.

The Ministry of Human Resources and Social Security and the Ministry of Finance recently jointly issued the Interim Measures for the Disability Allowance of the Basic Old-age Insurance for Enterprise Employees, clarifying that from January 1, 2025, if the insured persons of the basic old-age insurance for enterprise employees are completely incapacitated due to illness or non-work-related disability, they can apply for receiving the disability allowance on a monthly basis, and the required funds will be paid by the basic old-age insurance fund.

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The Ministry of Human Resources and Social Security and the Ministry of Finance jointly issued the Interim Measures for the Disability Allowance of Basic Old-age Insurance for Enterprise Employees.

The Ministry of Finance promulgated the Measures for the Administration of the List of Serious Untrustworthy Subjects in the CPA Industry, which will take effect on January 1, 2025. The Measures list the illegal acts with bad nature, serious circumstances, great social harm and serious disruption to the professional order of certified public accountants, including: certified public accountants are punished by suspending their business for 12 months, revoking their certificates, accounting firms are punished by suspending their business for 12 months and revoking their practice licenses, certified public accountants and accounting firms are investigated for criminal responsibility according to law for illegal practice, refusing to perform the punishment within the time limit and engaging in business without approval. The Measures established a credit repair mechanism in accordance with the law, stipulating that eligible parties who have been listed in the list of serious untrustworthy subjects for one year can apply for moving out in advance, except in cases that cannot be repaired by laws, administrative regulations and policy documents of the CPC Central Committee and the State Council, and detailed the procedures for moving out.

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Measures for the administration of the list of serious untrustworthy subjects in the CPA industry

The General Administration of Market Supervision issued the Interim Measures for Law Enforcement Investigation of Online Transactions, which will take effect on January 20, 2025. The "Measures" clarify that the market supervision department may, according to laws and regulations, require the platform operators to provide information on the identity of the operators in the platform, goods or services, payment records, logistics express delivery, return and exchange, after-sales and other transaction information.

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The General Administration of Market Supervision issued the Interim Measures for Law Enforcement Investigation of Online Transactions.

The Decision of the State Council Municipality on Amending and Abolishing Some Administrative Regulations shall come into force on January 20, 2025. The State Council cleaned up the administrative regulations involved, and decided to amend some provisions of 21 administrative regulations and abolish 4 administrative regulations. Five administrative regulations, such as the Regulations on the Supervision and Administration of Medical Devices, were revised, and the names of institutions that have not been used, changed institutions and institutions involved in the transfer of responsibilities were adjusted. Six administrative regulations, such as the Regulations on the Administration of Publishing, were revised. According to the Decision of the State Council on Cancelling and Adjusting a Batch of Fines (Guo Fa [2023] No.20), the types and ranges of relevant penalties were revised accordingly, and the amount and calculation method of relevant fines were adjusted. Seven administrative regulations, such as the Regulations on the Administration of Internet Service Sites, were revised, and the successful experience of temporarily adjusting and applying the relevant administrative regulations in the Pilot Free Trade Zone was promoted nationwide, some examination and approval items were cancelled, and some examination and approval items were changed to filing management. In addition, three administrative regulations have been revised, simplifying the certification of relevant official documents. At the same time, four administrative regulations, including the Provisions on Several Issues concerning patriotic health campaign committee and its Offices, were abolished.

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Li Qiang signed the the State Council Order to promulgate the Decision of the State Council on Amending and Abolishing Some Administrative Regulations.

The Regulations on Network Data Security Management shall come into force on January 1, 2025. The Regulations explicitly encourage the innovative application of network data in various industries and fields, protect network data by classification, actively participate in the formulation of international rules and standards related to network data security, strengthen industry self-discipline, and prohibit illegal network data processing activities. The "Regulations" refine the provisions on the protection of personal information. Clarify the rules for handling personal information and the specific provisions that should be observed. Network data processors are required to provide convenient ways and means to support individuals to exercise their rights, and unreasonable conditions are not allowed to restrict individuals’ reasonable requests. Clarify the protection obligation of collecting personal information by using automatic collection technology, and refine the realization way of personal information transfer request.

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Li Qiang signed the the State Council Order to promulgate the Regulations on the Security Management of Network Data.

The revised Regulations of the National Natural Science Foundation shall come into force on January 1, 2025. The Regulations consist of 7 chapters and 45 articles. The "Regulations" make it clear that the natural science fund mainly comes from the central budget, and local governments, enterprises and other organizations are encouraged to invest in the form of joint funding, and social forces are encouraged to donate. The revised "Regulations" expand the scope of supporting units. Except for institutions of higher learning, scientific research institutions and relevant public welfare institutions, other units that meet the requirements of the state can be registered as supporting units. The "Regulations" clearly set up special funds to train young scientific and technical talents and support young talents who have made outstanding achievements in the field of science and technology and have obvious innovation potential.

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Li Qiang signed the the State Council Order to promulgate the revised Regulations of the National Natural Science Foundation.

The revised Martyrs’ Commendation Regulations shall come into force on January 1, 2025. There are 8 chapters and 70 articles in the Regulations, and the main contents of the revision are as follows. The first is to further clarify the working principles. It is stipulated that the martyrs praise the work and adhere to the leadership of the Communist Party of China (CPC); The state praises, commemorates and protects martyrs, safeguards the dignity and honor of martyrs, protects the legitimate rights and interests of martyrs’ survivors, publicizes the deeds and spirit of martyrs, and promotes socialist core values. The second is to improve the conditions and procedures for evaluating martyrs. Supplement the evaluation of martyrs, improve the review procedures after evaluation, and strengthen information reporting. The third is to improve pension benefits and service guarantees. Clarify the channels for granting one-time pensions, and grant regular living allowances to the elderly children of martyrs. Implement dynamic and accurate management, and confirm the recipients of regular pensions and subsidies every year. Strengthen honor incentives and preferential treatment. The fourth is to strengthen the protection and management of martyrs memorial facilities. Increase the responsibilities of the government and relevant departments. Refine the requirements for defining the scope of protection, and define the scope of protection according to the category, scale, protection level and surrounding environment. It is emphasized that land and facilities within the scope of protection should not be encroached upon, and restrictions on engineering construction in the surrounding areas should be increased. The fifth is to increase publicity and promotion. Strengthen the publicity and education of martyrs’ deeds and spirit, and establish and improve the system of martyrs’ sacrifice and sweeping and etiquette norms.

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Li Qiang signed the the State Council Order to promulgate the revised Martyrs’ Commendation Regulations.

The revised Anti-Money Laundering Law of People’s Republic of China (PRC) shall come into force on January 1, 2025. The Anti-Money Laundering Law further improves the definition of anti-money laundering. On the basis of retaining seven types of key crimes in the upstream crime of money laundering, it is stipulated that concealing and concealing the criminal proceeds of "other crimes" and the source and nature of their proceeds also belong to money laundering activities. In view of some illegal money laundering behaviors such as "underground money houses", the Anti-Money Laundering Law further clarifies the connection with the criminal law, and clearly stipulates that those who use financial institutions or specific non-financial institutions to commit money laundering crimes or commit money laundering crimes through illegal channels shall be investigated for criminal responsibility according to law. The conditions for financial institutions to take money laundering risk management measures shall not take measures that obviously do not match the risk situation of money laundering, and guarantee the basic and necessary financial services related to medical care, social security and public utility services enjoyed by customers according to law.

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People’s Republic of China (PRC) anti-money laundering law

Huitong. com, July 13th-At the beginning of the Asian market on July 13th, the US dollar traded around 108.17, and the Euro hovered around parity. The energy crisis will lead to the fear of economic recession, and the economic prospect will be bleak or make the Euro lower than parity. Affected by the strength of the US dollar, the global COVID-19 blockade curbed demand, and US oil futures plunged 7.9% to settle at 95.84 US dollars/barrel.

At the beginning of the Asian market on Wednesday (July 13th), the US dollar traded around 108.17, and the Euro hovered around parity. The energy crisis will lead to the fear of economic recession, and the economic outlook will be bleak or make the Euro lower than parity against the US dollar. Affected by the strength of the US dollar, the global COVID-19 blockade curbed demand. On Tuesday, oil prices fell by more than 7%, falling below the 100 mark to a minimum of 95 US dollars/barrel. OPEC predicted that global oil demand would rise in 2023, but the speed was slower than that in 2022.

In terms of commodity closing,Brent crude oil futures fell by 7.1%, and the settlement price was reported at $99.49 per barrel, the lowest since April 11th, while US crude oil futures fell by 7.9% to $95.84, also the lowest in three months. American gold futures fell 0.4% to settle at $1,724.8.

The closing situation of US stocks,Dow Jones Industrial Average fell 0.62% to 30,981.33; The S&P 500 index fell 0.92% to 3,818.8 points; The Nasdaq index fell 0.95% to 11,264.73.

Looking ahead on Wednesday

At 16: 00, the IEA released the monthly crude oil market report, at 22: 00, the Bank of Canada announced the interest rate decision, and at 23: 00, the Governor of the Bank of Canada Mackler held a press conference on monetary policy.

List of major global markets

U.s. stocks closed lower on Tuesday, and more and more signs of economic recession made buyers leave before the inflation data was released. Earlier in the session, the three major stock indexes fluctuated slightly up and down, but later fell sharply. The consumer price report of the Ministry of Labor will be released on Wednesday, and the big banks will announce their financial results later this week.

Brent Schutte, chief investment officer of Northwestern Mutual Wealth Management Company, said, "(Investors) are waiting for the consumer price index (CPI) and corporate profits. For several months, the market has been sawing between inflation concerns and economic recession concerns almost every day. Investors are really confused, and they choose not to buy at all, "Schutte added." I haven’t heard many people say’ buy at a low price’. "

Although the CPI report is expected to show that inflation will continue to climb in June, excluding the unstable core CPI of food and energy prices, it is expected to further confirm that inflation has peaked, which may persuade the Fed to slow down its policy tightening plan in the autumn.

Paul Kim, CEO of Simplify ETFs, predicted that the year-on-year increase of CPI will reach the high end of the range of "8%-9%", and may even enter the range of 9%. With inflation so high, the Fed has only one idea.

People are worried that the Fed’s aggressive measures to control inflation, which has been at a high level for decades, may push the economy to the brink of recession. The inversion degree of the yield curve of two-year /10-year US bonds has reached the largest level since at least March 2010, which is a potential signal of recent risks and economic contraction, which aggravates concerns. The market expects the Fed to raise the key federal funds target rate by 75 basis points at the end of the policy meeting in July, which will be the third consecutive rate hike by the Fed.

The second quarter earnings season will kick off later this week, when JPMorgan Chase, Morgan Stanley, Citigroup and Wells Fargo will announce their results. According to Luft data, as of last Friday, analysts expect the profits of companies in the S&P 500 index to increase by 5.7% year-on-year, lower than the 6.8% predicted at the beginning of this quarter.

precious metal

The price of gold hit a nine-month low on Tuesday, affected by the strong dollar and the Federal Reserve’s interest rate hike bet, while investors prepared for a series of US economic data that may determine the pace of monetary policy tightening. Daniel Pavilonis, senior market strategist at RJO Futures, said: "Gold is under pressure from [investors] buying dollars in large quantities and the expectation of higher interest rates as inflation continues."

A series of American data, including consumer prices, retail sales and factory output, will provide clues about how much inflation has soared before the Fed’s policy meeting next week. Han Tan, chief market analyst of Exinity, said: "If the overall consumer price index (CPI) is higher than expected on Wednesday, it should pave the way for the Fed to raise interest rates by 75 basis points again later this month; This situation is widely considered to be unfavorable to gold. "

crude oil

Brent crude oil plunged $7 on Tuesday, closing below $100 a barrel for the first time in three months, affected by the strength of the US dollar, the global COVID-19 blockade to curb demand, and the growing concern about the global economic slowdown. In the previous month, trading in the oil market fluctuated, and investors were already selling oil positions, fearing that radical interest rate hikes to stop inflation would lead to economic downturn, thus reducing oil demand.

According to american petroleum institute (API) data, US crude oil and refined oil inventories increased last week. In the week ending July 8, crude oil inventories increased by about 4.8 million barrels, gasoline inventories increased by 3 million barrels, and distillate inventories increased by about 3.3 million barrels.

Rebecca Babin, a senior energy trader in the US Private Wealth Department of Canadian Imperial Commercial Bank (CIBC), said: "I think it is quite critical to hold on to $95 a barrel just psychologically."

Dennis Kissler, senior vice president in charge of trading at BOK Financial, said: "As consumer sentiment is still in the doldrums and the epidemic is rebounding, oil prices are under tremendous pressure."

Fatih Birol, director of the International Energy Agency (IEA), said that any price cap on Russian oil should include refined products.

In its first forecast for next year, the Organization of Petroleum Exporting Countries (OPEC) said that global oil demand is expected to rise in 2023, but the speed is slower than that in 2022. It is estimated that the demand will increase by 2.7 million barrels per day in 2023. However, there is very little idle capacity within OPEC, and most oil-producing countries use all the capacity. The us energy information administration (EIA) predicts that US crude oil production and gasoline demand will increase this year.

foreign exchange

The US dollar index fell 0.07% on Tuesday, hitting an intraday high of 108.5673. The euro rebounded against the dollar on Tuesday, after falling to a 20-year low and close to parity, as investors worried that the energy crisis in the region would trigger an economic recession. The euro fell to $1.00005 against the US dollar, the lowest since December 2002, after data showed that German investors’ confidence plummeted in July, which was lower than the level at the beginning of the COVID-19 epidemic.

Mazen Issa, senior foreign exchange strategist at TD Securities, said: "It seems that the prospect of the euro is very bleak. It is also very possible to fall below parity," adding that the euro may fall to 85-90 cents.

Issa pointed out that the Federal Reserve has raised interest rates more than the European Central Bank, and macro factors including Europe’s rapidly deteriorating current account have put pressure on the euro. The dollar benefits from the expectation that the Federal Reserve has more room to raise interest rates than other central banks, while other central banks face more challenging growth prospects.

Since the annual maintenance of Beixi No.1 pipeline, the largest single pipeline for transporting Russian natural gas to Germany, began on Monday, fears that Europe may fall into recession have increased. Governments, markets and companies are all worried that the pipeline shutdown time may be extended due to the war in Ukraine.

The euro traded at $1.0045, after rebounding from the $1 area, which some analysts attributed to technical factors related to options activities and short covering.

Neil Jones, head of currency sales at Mizuho Bank, said that the market has been "shorting" the euro, and it is expected that the euro will fall below parity, but "it has not reached that level", which led these investors to buy back the euro. Part of the reason for the rebound may also be related to the fact that the $1 area is an important psychological barrier.

Marc Chandler, chief market strategist of global foreign exchange at Bannockburn, said: "Parity is more like a psychological level than an important technical point. The important technical point is to drop to perhaps $0.96 or $0.98 as a more important technical level. "

One catalyst that may push the euro back is the high-profile US inflation data on Wednesday, which is expected to show that the US consumer price index rose by 8.8% in June.

Simon Harvey, director of foreign exchange at Monex Europe, said: "We may have to wait for the CPI in the United States, or when the maintenance plan of Beixi No.1 is coming to an end, there will be a clearer situation in the European energy market so that the euro can break through the (parity) threshold against the US dollar."

Baldin, chairman of the Federal Reserve Bank of Richmond, said on Tuesday that the Fed is expected to succeed in the fight against inflation, but the pace of progress is unpredictable.

The Australian dollar rebounded from a two-year low caused by global growth concerns caused by the epidemic. The Australian dollar rose by 0.36% in late trading to 0.6761 US dollars, which had previously fallen to 0.6712 US dollars, the lowest since June 2020. The dollar fell 0.47% against the yen to 136.78, hitting 137.73 on Monday, the strongest level in 24 years.

Market news

Before the final list of the British Conservative Party for the position of Prime Minister was released, the Finance Minister Sunak ranked first.

The British Conservative Party has revealed the final list of eight candidates for the positions of party leader and prime minister, with former Chancellor of the Exchequer Sunak ahead. The contender needs the support of 20 Conservative MPs to get a seat in the first round of voting on Wednesday. In a fast-changing day, the high-profile candidate, former Minister of Transport Sharps, withdrew from the competition and supported Sunak instead. He received the public support of the most Conservative MPs. Former Health Minister Dzhavid also withdrew from the competition, along with the relatively unknown Rehman Chishti. The final list of candidates for the leadership of the Conservative Party is as follows: Kemi Badno, Sura braverman, Jeremy hunter, Penny Mordaunt, Rich Sunak, Elizabeth Trass, Tom Tugenhart and Nadeem Zahawi.

The United States has set off a fierce wave of "great resignation"

In the first five months of this year, about 20 million Americans resigned, setting off a wave of "big resignations". But according to a recent survey, many people are now rather regretful. According to a study of more than 15,000 job seekers in the past three months by Joblist, an artificial intelligence job search platform, more than a quarter of the resignees are rethinking whether their choices are correct. The surge in resignations is related to many factors, including workplace risks during the epidemic, new opportunities created by working from home, and the general belief that Americans are rethinking their careers in the midst of the epidemic turmoil. The number of people who resigned this year is about twice that of ten years ago.

In June, most regional Federal Reserve Banks in the United States agreed to raise the discount rate by 50 basis points.

On Tuesday, the Federal Reserve released the minutes of the discount rate meeting in early June. Before the FOMC meeting in June and the consumer price data in May showed that inflation accelerated, the boards of directors of most of the 12 regional federal reserve banks supported raising the discount rate by 50 basis points. According to the minutes of the meeting, from June 2 to June 9, the board of directors of 11 of the 12 regional federal reserve banks voted to increase the discount rate by 50 basis points. According to the minutes, the board of directors of the Federal Reserve Bank of Minneapolis sought to raise the discount rate by 75 basis points on June 14; The bank is also the only regional federal reserve bank that asked for an increase in the discount rate after the CPI report. On June 15th, FOMC raised the benchmark interest rate by 75 basis points; Federal Reserve Chairman Powell mentioned that inflation was higher than expected and inflation expectations were rising.

Mexican President Lopez proposed a five-point plan for cooperation between the two countries to US President Biden.

On July 12, local time, in the meeting with US President Biden, Mexican President Lopez put forward a five-point plan for cooperation between Mexico and the United States. These plans mainly include: first, Mexico ensures that the supply of gasoline and other fuels in the border areas between the two countries will double, ensuring that people on the American side can go to Mexico to fill up their cars; Second, Mexico provides more than 1,000 kilometers of gas pipelines to the United States to ensure natural gas transportation from Texas to New Mexico, Arizona and California; Third, temporarily cancel tariffs on some agricultural products (000061) and commodities between the two countries, reduce commodity prices, and fight inflation; Fourth, put forward specific investment plans to stabilize market confidence; Fifth, provide convenience for immigrants who have worked in the United States for many years, and at the same time let some laborers enter the United States as temporary visas. (CCTV News)

Tanzanian President Confirms Unknown Diseases Appear in Tanzania

On July 12th, local time, Tanzanian President Samia Hassan confirmed in a speech in Dar es Salaam that an unknown disease appeared in Tanzania. Patients will have nosebleeds and faint. Samia Hassan said that this is a disease that has never been recorded in Tanzania. Most cases occurred in southern Tanzania, including Lindi province and the border area with Mozambique. At present, Tanzanian medical experts have gone to the affected areas to investigate, and the medical team will announce more details to the public after the investigation. (CCTV News)

OPEC predicts that the global oil demand growth will slow down to 2.7 million barrels per day in 2023, and the supply will continue to be tight.

In a monthly report on Tuesday, the Organization of Petroleum Exporting Countries said it expected demand to increase by 2.7 million barrels per day, or 2.7%, in 2023. It keeps its growth forecast for this year unchanged at 3.36 million barrels per day. Oil consumption has rebounded from the downturn caused by the epidemic in 2020, and this year will exceed the level in 2019. The outlook for 2023 shows that supply pressure may persist, and the growth of non-OPEC output is expected to lag behind the growth of demand due to the loss of production in Russia.

OPEC’s demand forecast for 2023 is more optimistic than that of another closely watched forecasting agency, the International Energy Agency (IEA), and also more optimistic than the preliminary opinion of OPEC representatives, who believe that high oil prices will greatly slow down demand growth. OPEC said that the forecast for 2023 is based on the assumption that the war in Ukraine will not escalate and risks such as inflation will not have a serious impact on global economic growth.

OPEC maintains its global economic growth forecast at 3.5% this year, and predicts that the growth in 2023 will be 3.2%, adding that the uncertainty is downward and the upward potential is "quite limited".

WHO: The COVID-19 epidemic continues to constitute a "public health emergency of international concern"

On July 12th, local time, WHO issued a statement on the 12th meeting of COVID-19 Emergency Committee. The statement pointed out that the COVID-19 epidemic continued to constitute a "public health emergency of international concern". On July 8th, WHO held the 12th meeting of COVID-19 Emergency Committee, and discussed the global epidemic situation, the variation of Covid-19 and its impact, the vaccination status and vaccination objectives in COVID-19. WHO recommends that countries strengthen epidemic prevention measures, achieve the vaccination target in COVID-19, and continue to implement effective personal protective measures to reduce the spread of the virus. (CCTV News)

White House: Cases of BA.5 mutant in Omicron may surge in the coming weeks.

The White House issued a response document against BA.5 in Omicron, which mentioned that cases of BA.4 and BA.5 variants in Omicron currently account for 80% of the cases in the United States, among which BA.5 variants account for the majority. Early indications indicate that the BA.5 mutant may have some enhanced ability to achieve immune escape, which means that it may lead to an increase in the number of infected people in the next few weeks.

Japanese media: dollar dominance may become a new risk in the world economy

According to a recent report in the Nihon Keizai Shimbun, the appreciation of the US dollar will aggravate inflation in emerging market countries and push up the slowdown risk of the world economy. According to the report, the appreciation of the US dollar is conducive to curbing inflation for the United States, but the dollar alone will affect the world economy plagued by high resource prices. Most global trade transactions are settled in US dollars, and the appreciation of the US dollar will lead to a decline in the purchasing power of other currencies and aggravate inflation in various countries. In countries lacking resources, higher resource prices will lead to a widening trade deficit and easily aggravate the depreciation of their currencies. At the same time, the devaluation of emerging market countries will lead to an increase in the repayment burden of dollar-denominated debts.

UAE leaders will meet with Macron in Paris to discuss oil supply.

According to several people familiar with the matter, French President Macron will receive UAE leaders in Paris next week. At present, due to the conflict between Russia and Ukraine, European countries are looking for alternatives to Russian energy. According to informed sources, the Crown Prince of UAE will arrive in Paris on July 18th. The French presidential palace declined to comment. Since the EU promised to reduce its dependence on Russia, France has been discussing with the United Arab Emirates to increase the supply of oil and diesel. Russia is France’s largest source of energy imports.

　　People’s Daily Online, Beijing, July 17 (Reporter Li Qiaochu) Recently, data released by the customs showed that in the first half of this year, the total import and export value of China’s goods trade was 20.1 trillion yuan, up 2.1% year-on-year, and the scale exceeded 20 trillion yuan for the first time in the same period of history.

　　"This breakthrough was made in the context of the complicated and severe external environment and the slowdown of global trade and investment, as well as in epidemic prevention materials and ‘ Home economy ’ Pre-production ‘ One-time pulling factor ’ It is not easy to get it in the case of fading. " On July 13th, Lv Daliang, spokesman of the General Administration of Customs and director of the Statistics and Analysis Department, said at the press conference of the State Council Office that the World Trade Organization predicted that the global trade volume of goods would increase by 1.7% this year, which was significantly lower than the average of 2.6% in the past 12 years. Trade slowdown is a common challenge faced by all economies, and the difficulties are more global. Compared with the surrounding economies with published data, China’s foreign trade still shows strong resilience, and its competitive advantage is stable and consolidated.

　　This year marks the 10th anniversary of the Belt and Road Initiative and the full entry into force of the Regional Comprehensive Economic Partnership Agreement (RCEP). The great development potential released by China’s further opening up is highly anticipated.

　　Wei Song, a professor and doctoral supervisor at the School of International Studies of Beijing Foreign Studies University, said in an interview with People’s Daily that the national trade and RCEP along the "Belt and Road" came into full effect and continued to help China’s foreign trade stabilize its scale, optimize its structure and expand its market, as shown in the following aspects:

　　First, the scale of foreign trade continued to expand. In the past 10 years, the proportion of China’s imports and exports to countries along the Belt and Road has increased from 25% in 2013 to 32.9% in 2022 in China. Meanwhile, in the past 10 years, the trade between China and ASEAN has grown at an average annual rate of 9.9%, which is faster than the overall average annual growth rate of China’s foreign trade by 4.3 percentage points, and ASEAN has jumped from the third largest trading partner of China to the largest trading partner. After the entry into force of RCEP, many favorable policies, such as tariff reduction and exemption, cumulative rules of origin, have been implemented, and the economic and trade exchanges between China and ASEAN have become closer.

　　Second, the foreign trade structure has been continuously optimized. In 2022, China exported 4.44 trillion yuan of intermediate products to countries along the "Belt and Road", an increase of 23.9%, accounting for 56.3% of China’s total exports to countries along the route in the same period. Among them, the exports of textiles, electronic components, basic organic chemicals and auto parts increased by 14.5%, 21.1%, 31.3% and 24.6% respectively. In the same period, the total value of imported energy products and agricultural products was 2.46 trillion yuan and 370.41 billion yuan respectively, with growth rates of 58.8% and 13.4% respectively. In 2022, China’s import and export of intermediate products to other RCEP member countries was 8.7 trillion yuan, up by 8.5%, accounting for 67.2% of the total value in the same period. China’s export of mechanical and electrical products and labor-intensive products to other RCEP member countries increased by 13.2% and 20.7% respectively. China’s import structure from RCEP countries was mainly based on simple technology and intermediate technology-intensive manufactured products, and gradually upgraded to intermediate technology and high technology-intensive manufactured products. This aspect reflects that China’s position in the global manufacturing industry chain is constantly moving towards the middle and high end; On the other hand, it also shows the continuous strengthening of the overall scale and strength of China’s manufacturing industry.

　　The third is to promote market connectivity, accelerate the restructuring of the industrial chain, and promote the construction of a new development pattern. In the past ten years, with the joint efforts of all parties, the interconnection structure of "six corridors, six roads, many countries and many ports" has basically taken shape, and a large number of cooperation projects have taken root. China has signed more than 200 cooperation documents with 140 countries and 32 international organizations to jointly build the "Belt and Road". The total trade volume of goods with countries along the route has reached 10.4 trillion US dollars, and the non-financial direct investment in countries along the route has exceeded 130 billion US dollars, promoting the development strategy with countries and regions. At the same time, with the full entry into force of RCEP, ASEAN, as China’s largest trading partner, will bring greater convenience to the flow of factors, market connectivity and industrial integration between China and ASEAN, and help to accelerate the construction of a new "double-cycle" development pattern. Driven by RCEP, China and ASEAN will help to build a more innovative, higher added value and safer and more reliable industrial chain supply chain, and then become an important part of China’s international circular system.

　　According to customs data, in the first half of this year, the import and export of China’s Pilot Free Trade Zone and Hainan Free Trade Port increased by 8.6% and 26.4% respectively, and the role of open platform played an obvious role. On the basis of institutional opening, what supporting roles do the Pilot Free Trade Zone and Hainan Free Trade Port play in stabilizing China’s foreign trade?

　　Wei Song said that the Pilot Free Trade Zone and Hainan Free Trade Port are important measures for China to optimize the business environment and create a high level of opening up, which has a huge supporting role in stabilizing foreign trade:

　　First, it is conducive to the continuous promotion of trade and investment liberalization and facilitation. China’s free trade pilot zones are determined to forge ahead and explore boldly, and have achieved remarkable results. In the past ten years, China’s Pilot Free Trade Zone has expanded from 1 to 21, forming a pilot pattern covering east, west, north and south, and replicating and popularizing 278 institutional innovations throughout the country.

　　Second, it is conducive to the international economic and trade rules of elevation standards and steadily expand institutional opening. High-level openness is embodied in institutional openness such as rules, regulations, management and standards. It is the goal of the Pilot Free Trade Zone to adapt to the new situation, grasp the new characteristics, and strive to promote the institutional opening of rules, regulations, management and standards. Over the past five years since the establishment of Hainan Free Trade Port, more than 120 institutional innovations have been launched. Driven by a series of trade facilitation measures, China’s customs clearance efficiency has been continuously improved. The overall customs clearance time for imported goods has been reduced from about 4 days in 2017 to less than one and a half days now; The overall customs clearance time for export goods has been reduced from about 12 hours in 2017 to about 1.2 hours now. At the same time, China’s total tariff level is 7.4%, which is lower than the WTO commitment of 9.8%.

　　In the first half of this year, China’s "new three kinds" exports continued to increase. The total exports of electric manned vehicles, lithium batteries and solar cells increased by 61.6%, driving the overall export growth by 1.8 percentage points. In this context, how to further cultivate and consolidate industrial advantages and continuously gather new kinetic energy of foreign trade?

　　Wei Song said: First, we should vigorously promote the structural adjustment of foreign trade and promote the coordinated development of various foreign trade business entities. Encourage leading enterprises in the industry to extend the industrial chain and improve the level of international operation. Accelerate the formation of a number of large enterprises with transnational operation capabilities that allocate factor resources and lay out market networks on a global scale. Encourage the development of innovative, entrepreneurial and labor-intensive small and medium-sized enterprises, and support enterprises to take the road of "specialization and innovation" and coordinated development with large enterprises.

　　The second is to accelerate the promotion of international competitiveness of foreign trade. Accelerate the use of modern technology to transform traditional industries, improve the quality, grade and technical content of labor-intensive products, and push traditional industries to the middle and high end. Efforts should be made to build a technological innovation system with enterprises as the main body, market as the guidance and Industry-University-Research trade as the combination. Increase investment in scientific and technological innovation and support the original innovation of enterprises. Encourage enterprises to introduce advanced technology by means of import, overseas mergers and acquisitions, international bidding, recruiting talents and attracting talents, and promote digestion, absorption and innovation. Support domestic enterprises to set up overseas R&D centers through self-construction, joint venture and cooperation. Encourage multinational corporations and overseas scientific research institutions to set up R&D institutions in China. Strengthen the comprehensive competitive advantages of equipment manufacturing industries such as electric power, rail transit, communication equipment, ships, construction machinery, aerospace and large-scale complete sets of equipment exports, and strive to expand the export of investment commodities. Further improve the international competitiveness of strategic emerging industries such as energy conservation and environmental protection, next-generation information technology and new energy. Expand the import of advanced technology and equipment, key parts and components, and promote the adjustment, optimization and upgrading of industrial structure.