[Technology] Cars have become an indispensable part of our lives. The combination of steering wheel+shift lever+pedal seems to have become a natural way to control cars, but their respective mechanisms are rarely understood. Take the steering wheel in our hands as an example, the majority of riders are still vague about the common concepts of various steering systems, such as "the difference with hydraulic power" and "what is the variable power", and so on. Below, we will systematically introduce various common steering systems, answer these questions, and discuss the mysteries and mysteries of various steering systems with you.

　

　　Because of the long space, this paper introduces our most common system now, interprets "where does the power come from" and introduces the classification of power steering system.

　　Power steering, as its name implies, is to resist steering resistance by increasing external force, so that drivers can complete steering with less force. It is also called power steering. It was originally designed to make some large vehicles with heavy weight operate more easily, but now it has become very popular. It makes driving easier and easier, and makes vehicles more agile and improves safety to some extent. Power steering can be divided into two categories according to the different sources of power-hydraulic power and electric power.

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　　The origin of hydraulic power steering can be traced back to February, 1902. Frederick W. Lanchester of Britain invented "Cause the steering mechanism to be actuated by hydraulic power", that is, the hydraulic driving steering mechanism. After that, inventors in the United States and Canada successively registered patents for similar inventions. In automobile production, the commercial production of hydraulic power steering system was first realized, and it was named Hydraguide hydraulic steering system, and it was installed on Chrysler’s sixth generation Imperial in 1951. With the development of technology, the steering system with electronic pump instead of mechanical pump appears, so the current hydraulic power is mainly divided into mechanical hydraulic power and electronic hydraulic power. In addition, the electronic servo hydraulic power steering system is derived from the mechanical hydraulic power.

　

　　Let’s look at the main principle of mechanical hydraulic power steering, which is based on mechanical rack-and-pinion steering mechanism, and adds a whole set of hydraulic system, including liquid storage tank, hydraulic booster pump, mechanical valve connected with steering column, hydraulic cylinder on steering mechanism and the one that can push steering rod, etc.

　　The hydraulic pump provided by mechanical power steering is driven by a belt, which means that the steering pump can only run when the engine is running, which is why the steering wheel power disappears after the engine is turned off. On the steering machine, there is a mechanical valve that can rotate with the steering column. When the steering wheel does not rotate left and right, the pressure in the chambers on both sides of the piston is consistent and in a balanced state. When the steering wheel rotates, the mechanical valve connected to the steering column will be opened or closed accordingly, and the oil on one side will return directly to the oil storage tank without passing through the hydraulic cylinder, and the oil on the other side will continue to be injected into the hydraulic cylinder, so that the pressure difference between the two sides of the piston will be pushed under the action of hydraulic force, and then the auxiliary force will be generated to push the steering rod to steer the wheels, which greatly reduces the force required for us to turn the steering wheel.

　　Another advantage of hydraulic power steering system is to improve comfort and safety. When the wheels jump violently and the tires turn involuntarily when encountering potholes, the vibration can be well buffered and absorbed by the action of hydraulic pressure on the piston, which greatly reduces the vibration transmitted to the steering wheel. At the same time, this structure also improves the safety. For example, when a vehicle using the traditional rack-and-pinion mechanism turns, the tire suddenly changes direction when it encounters a pothole, and the rack will drive the gear to reverse the steering wheel, resulting in the situation of "beater", which is easy to hurt the driver’s hand, so there will be no such problem in a hydraulically assisted vehicle.

　　Mechanical hydraulic booster features:The whole system is a mechanical structure, from the mechanical hydraulic pump driven by the belt to the hydraulic mechanical valve body on the steering column, without any electronic system, with mature and stable technology, high reliability and wide application range. Even if the hydraulic system of the vehicle fails and loses power, it can still rely on the traditional rack and pinion mechanism for steering. Disadvantages are complex structure, large space occupation and high manufacturing cost, which also makes the maintenance difficult and costly. And because the hydraulic pump is driven by the engine belt, it will consume part of the power of the engine, which will affect the fuel economy and the power of the vehicle, especially for small-displacement vehicles with relatively weak power. In addition, the strength of the mechanical hydraulic power-assisted system is not adjustable, so it is difficult to take into account the different requirements for pointing accuracy when driving at low speed and high speed.

● Electro-hydraulic booster

　　The so-called Electro-hydraulic power steering (EHPS for short) has exactly the same principle as mechanical hydraulic power steering, but the biggest difference from mechanical hydraulic power steering is that instead of using a hydraulic pump driven by an engine through a belt, it is replaced by an electric pump.

　　The advantages of electro-hydraulic power assist are firstly reflected in energy consumption. First, the electronic pump driven by electric energy uses the electric energy output by the generator and the battery, and no longer consumes the power of the engine itself. The start and stop of the electronic pump are all controlled by the electronic system. When it is not steering, the electronic pump is turned off, unlike the mechanical hydraulic power assist pump, which is always linked with the engine, further reducing energy consumption.

　　Secondly, the electronic control unit of the electro-hydraulic power steering system can change the power of steering assistance by processing the information of sensors such as speed sensor, lateral acceleration sensor and steering angle sensor, and changing the flow rate of the electronic pump in real time, that is, the function of variable power assistance with speed. Of course, it is not only the electro-hydraulic power assist that can realize the variable power assist with speed. We will introduce various "variable" power assist steering systems in detail in later articles.

　　Electro-hydraulic power assist has been gradually popularized since the late 1990s, and brands such as,,,,, and have models using electro-hydraulic power assist system. We are familiar with, and other models use such a system.

"Triumph, old models and other models use electro-hydraulic power."

　　Why can’t electro-hydraulic assist replace mechanical hydraulic assist?

　　No matter from the aspects of technology, function or economy, electro-hydraulic power assistance has more advantages than mechanical hydraulic power assistance. However, at present, electro-hydraulic power assistance has not been able to replace mechanical hydraulic power assistance for the following reasons:

　　1. The cost of electro-hydraulic booster is higher. Compared with the mechanical hydraulic power-assisted system, after adding the electronic control system and replacing it with the electronic pump, the manufacturing cost of electronic hydraulic power-assisted system is higher, the technology is more complicated, and the difficulty and cost of maintenance are also increased.

　　2. The reliability is not as good as that of mechanical hydraulic booster. In addition to the failure of steering mechanism and hydraulic mechanism, electro-hydraulic power assist also increases the possibility of electrical system failure, so its reliability is not as good as that of traditional hydraulic power assist system.

　　3. The assistance is limited. Although the use of electronic pump has obvious advantages, it needs to be driven by the electric energy of the generator, and the vehicle-mounted generator itself and the maximum current it can provide are limited, so the power of the electronic pump is also limited, and the load it can carry is also limited. Therefore, at present, most of the models that use electro-hydraulic power are medium-sized vehicles. For vehicles that need greater assistance, the electro-hydraulic assistance system is beyond the reach.

　　4. Evolved mechanical hydraulic booster system. With the development of technology, the variable speed function of electro-hydraulic power-assisted system has been realized on the evolved mechanical hydraulic power-assisted system (using solenoid valve body technology), and even a variable speed ratio system has been derived from the mechanical hydraulic power-assisted steering system, so the mechanical hydraulic power-assisted system with higher reliability and load-bearing capacity is still welcomed by manufacturers.

　　The brand awareness of Haier refrigerator is very high. Many people have heard that Haier Commander Refrigerator and Haier Refrigerator are the same. What is the difference between Haier Commander Refrigerator and Haier Refrigerator? Why is the price gap so big? The following small series will give you a specific analysis. Let’s take a look.

　　Haier tongshuai refrigerator

　　Commander-in-Chief is the third sub-brand of Haier Group after Haier and casarte, and it is a customized home appliance brand launched by Haier Group under the background of the Internet era. In 1998, the commander-in-chief brand was exported to the European market as an overseas marketing platform.

　　Haier Group products have three brands, Haier, casarte and Commander-in-Chief. Haier refrigerator and Haier Commander refrigerator are both brands of Haier refrigerators, but they are put into different markets. Commander series belongs to Haier’s low-end and mid-end brands. In the early stage, home appliances went to the countryside as Commander refrigerators, and casarte series was the high-end brand of refrigerators.

　　The product appearance of Haier refrigerator and Haier commander refrigerator may be different. Haier staff said that Haier’s commander-in-chief brand and Haier brand refrigerator are the same in terms of development and production technology, but the brands are different and the materials of some refrigerators are different. The product quality is the same, and the commander-in-chief also provides product customization.

　　Generally, Haier refrigerators have refrigerator specification labels (or refrigerator nameplates) attached to the inner wall of the refrigerating room or the back of the refrigerator, which indicate the specifications, models (such as "BCD-216YH silver gray" for a 216-liter silver gray refrigerator), power, circuit diagram and so on. Haier’s products exclusively used in urban and rural areas are generally not fully labeled or not labeled at all, but the performance of the products is the same as other products. For the refrigerators exclusively used, only the refrigerators are more suitable for the supply and demand sides.

　　The difference between Haier commander refrigerator and Haier refrigerator is here for everyone. You should be able to distinguish between the two refrigerators now, and also introduce the relationship between them. In the future, you can clearly distinguish when buying Haier refrigerator. I hope the content introduced above can help those in need.

CCTV News:On May 24th, 2025, the Guangdong-Hong Kong-Macao Greater Bay Area Maozhou River Dragon Boat Race started.

This dragon boat race is the first provincial dragon boat race in Guangdong-Hong Kong-Macao Greater Bay Area this year. There are 24 professional teams from Greater Bay Area, which are divided into three groups: Bay Area Men’s Team, Bay Area Women’s Team and Shenzhen Team. After two hours of fierce competition, the Chenpi Dragon Boat Team of Hongdatang, Xinhui, Jiangmen, the Hong Kong, China Women’s Dragon Boat Team and the Xiayong Jiangxia Huang Dragon Boat Team of Yanluotang won the first place in each group respectively.

Tongxiang, Zhejiang: Dragon Boat Race, Visiting the Market, Colorful Folk Customs and Celebrating the Dragon Boat Festival

On the 24th, in Tongxiang City, Jiaxing City, Zhejiang Province, citizens gathered at the bank of the Beijing-Hangzhou Grand Canal to watch the dragon boat race and experience the folklore of the Dragon Boat Festival.

At 10 o’clock in the morning, more than 10 beautifully decorated dragon boats are ready to go in the Chongfu section of Tongxiang of the Beijing-Hangzhou Grand Canal. As the drums sounded, the dragon boats split the waves in pairs on the water. Dragon boat race on the river, the oars flying over, the team members joined forces to paddle in the drums and applause, bravely competing for the first place.

There are not only dragon boat races, but also folk cultural projects such as fish lantern performances, canal encouragement and lion dance performances. In Beitangzhi Street beside the Grand Canal, tourists visit the Song Yun Market, have a long table feast on the Dragon Boat Festival and experience interactive games. The colorful traditional Dragon Boat Festival folk customs are deeply loved by everyone.

Shiqian, Guizhou: skillfully making tea-scented sister dumplings to convey neighborhood feelings

In Xinhua Village, Shiqian County, Tongren County, Guizhou Province, villagers are working together in Qi Xin to make tea-scented sister zongzi with unique local characteristics, so that the thick zongzi fragrance is intertwined with the neighborhood.

Early in the morning, the villagers in Xinhua Village of Wude Town were busy. Pick the fresh leaves of the day, wash and dry them, prepare local glutinous rice, chestnut, straw and other materials, and wrap the sister dumplings according to the method passed down by the older generation. First, fold the leaves into a funnel shape, add stuffing such as glutinous rice and chestnut, and wrap them into triangular dumplings. Then, take a small piece of rice dumpling leaves and repeat the above steps. Place the small triangular rice dumpling next to the big triangular rice dumpling, cover it with the same rice dumpling leaf, and finally tie it tightly with straw, and a sister rice dumpling with unique shape will be completed.

Later, the villagers set up firewood and started to cook the sister dumplings with iron cooking utensils, which took two and a half hours. The secret of the unique flavor of sister zongzi lies in putting in the newly picked moss tea in that year. Under the slow stew of firewood, the fragrance of moss tea blends with the fragrance of zongzi, emitting an attractive aroma.

In Xinhua Village, Bao Sisters Zongzi is not only a food production and cultural heritage, but also a bond of neighborhood friendship. When a pot of steaming tea-scented sister dumplings comes out of the pot, the villagers will distribute them to their neighbors and relatives to share the joy and warmth of this festival.

Changning, Yunnan: The special zongzi "Xiang" is about the unique and popular flavor of the Dragon Boat Festival.

In Changning County, Baoshan City, Yunnan Province, there are many kinds of special zongzi, such as tea zongzi, alkaline zongzi and ham zongzi, which satisfy the taste buds of different diners with their unique flavors.

Early in the morning, Shaojuan, a tea farmer, began to select local high-quality old-tree black tea, boil a reddish-brown tea soup, let it cool, and then pour it into the washed glutinous rice. After the glutinous rice was soaked, everyone sat around and wrapped zongzi, and then cooked it with a big fire. Soon, the angular and fragrant tea zongzi were freshly baked.

In addition to tea dumplings, alkaline dumplings are also deeply loved by local people. This kind of zongzi is made by burning corn stalks into ash, adding boiling water and filtering to make alkaline water. Then, the glutinous rice and alkaline water are mixed and soaked for 5 to 6 hours to color and enhance the fragrance of the glutinous rice. After the dumplings are wrapped in alkaline water, they need to be cooked for about 4 hours on high fire, and the taste is the best.

When wrapping rice dumplings with alkaline water, local people will also add ham produced in Yunnan to make a unique ham dumpling. After eating it in one bite, the salty flavor of ham and the sweetness of glutinous rice will be perfectly integrated, and the lips and teeth will remain fragrant.

Kunming, Yunnan: All kinds of zongzi are freshly listed, packaged and sold with old flavor.

In the major farmers’ markets in Kunming, Yunnan Province, all kinds of special zongzi are on the market, especially the dumplings now packaged are very popular.

In this large-scale farmer’s market in Kunming, the Dragon Boat Festival Zongzi has entered a hot-selling period, and the special Zongzi from Kunming, Honghe and Xishuangbanna have been placed in the obvious position of the stalls.

After shopping around, this zongzi from Guizhou also attracted many consumers to buy it. The boss said that this time he brought more than a dozen kinds of zongzi, all of which were sent from Guizhou, focusing on characteristics and freshness.

Zongzi with various new flavors has become the darling of the market, but many people still like the old flavor of being packaged and sold now.

There are people who buy finished zongzi, but some consumers still like to buy zongzi leaves and materials to wrap at home, so that the Dragon Boat Festival zongzi is full of home flavor.

　　CCTV News:On the afternoon of April 8, the State Council held a press conference on the traceability research of COVID-19 in China.

　　At the press conference, a reporter asked: What kind of cooperation plan will China have with the international community in the future regarding the investigation and research on traceability? Are there any specific international cooperation arrangements or plans?

　　Zhou Lei, a researcher at China CDC, responded that Covid-19’s traceability is not a matter for one country, nor can it be accomplished independently by one country. It necessarily requires the joint efforts of the global scientific community. Therefore, it is imperative for the whole world to unite, especially for scientists to work together to carry out traceability, which is also necessary and what we have always advocated. We are adhering to an open, objective, scientific and open attitude to cooperate with WHO. We have also invited international experts many times. For example, since 2020, we have invited at least two international experts to China to carry out traceability research. I think this will not change in the future, which is certain.

　　In fact, just now, several of my colleagues have repeatedly mentioned that the first phase of our joint research cooperated with more than 10 international colleagues and top international experts selected by WHO to carry out joint research work, and formed a particularly detailed joint research report for joint release. This is an attitude in itself, and this is our research result. After that, we didn’t stop our research work, and our expectation and efforts to trace the source never stopped. A large number of research results and data we carried out in the later period were shared with our international counterparts in various forms without reservation. We published many scientific papers, shared our sequences and shared our data and information in multiple databases. In addition, we supported the decision of WHO to conduct global joint traceability. We sent experts to collect more data and information, and we have been doing what China can do. In fact, we very, very much hope that global traceability can really become a global traceability. We have repeatedly called for the location and angle of traceability research to cover all possible countries and regions as much as possible, and we should stop speculating and paying attention to Wuhan all the time. We have done a lot of work in this regard, and I have reiterated this many times. China’s attitude has never changed. Traceability research should be an international action. We also very much hope that WHO is an authoritative professional organization and international organization, which can really organize the global traceability work and organize all the elites in the international scientific community with a scientific, rigorous and fair attitude.Let us trace back to Covid-19 and get a convincing answer in the future.

Today (11th), the official announcement of the comedy film "Big Anti-Faction" will be released nationwide on April 4th. It is reported that the film has assembled more than 20 gold medal comedians, which will bring a relaxed and joyful work to the audience during the Qingming small holiday.

The movie "The Great Anti-Faction" tells the story of the little actor Bi Chao (Bao Beier) who finally got the chance to play the big villain after all the hardships. However, Bi Chao accidentally lost his memory and mistakenly thought that he was a suspect in the kidnapping case. With amnesia, he was determined to "go against the sky and change his life" and continue his plan of "kidnapping the richest man", but he did not expect to be crushed in action. Bi Chao, who was unarmed, was not only starved and beaten along the way, but also offended three gangsters who wanted money and didn’t want to die. Can Bi Chao’s goal be achieved in the end, and what kind of jokes will he encounter? It remains to be seen.

In the preview of the film’s "This villain is not very clever" version, a news report confessed that "kidnapper" Bi Chao was running around the city, but it was completely inconsistent with the description of "extremely vicious" in the report. Bi Chao not only had no money to be sent back to his original place by taxi driver, but also was caught by the security guard and ate several "big pockets" in the process of secretly stepping on the spot. The robber Bi Chao experienced all kinds of oolong events in the process of completing the goal of "kidnapping the richest man", and the unreasonable storyline also attracted the audience to burst into laughter, all of which revealed the film purpose of "making fun". And dazzling female stars, resplendent party scenes and other "eye-catching" pictures are also very eye-catching.

At the same time, there are also big scenes of "package stimulation" such as drifting around the corner and flying car blasting, which instantly boost the adrenaline of the audience. At the end of the preview, the richest man was not afraid of the robbers who caught up, and even boasted that "this is bulletproof glass", but he didn’t expect to be backhand. Bi Chao directly opened the car door, raised his pistol and said, "Get off!" It will break the game in an instant, and the relationship between the robbers and the rich will be reversed instantly. Subverting the brain hole and constantly reversing the comedy burden has also made the audience increasingly look forward to what interesting plots will follow.

The film assembled more than 20 golden comedy lineups that made people "smile", and all the performers staged a "drama in the play" that was constantly reversed. Bao Beier, the leading actor, became a distinctive "villain" this time, which was crushed by reality and brought a refreshing hilarious experience to the audience. The actors such as Xiao Spicy Li Jiaqi, Dayong Zhou, Clara, Wei Xiang, Jia Bing, Yang Haoyu and Andrew, who all appeared in the preview, are even more eye-catching. The super comedy lineup joined forces to attack, and everyone collectively shook their burdens and pulled the "laugh" fruit full.

Yangzi Evening News/Zi Niu Journalist Kong Xiaoping

　　Guangzhou Daily News (all-media reporters Jessica Fong Ching correspondent Li Xiaoyuan and Zhou Bo) On March 23rd this year, a movie-like "car-chasing and intercepting play" was staged on Jinsha Road in Haizhu District, Guangzhou. In order to stop a car, two large trucks did not hesitate to chase the car for one kilometer, cross the line, turn around and even hit the other car’s head. It turned out that the driver of this car had beaten with another car driver, Zhou, because of the problem of not giving way to each other in the narrow road. When Zhou was angry, he called relatives driving big trucks to intercept each other. On the morning of July 30th, Guangzhou Haizhu District People’s Court held a public hearing on Zhou’s case of suspected trouble-making, and pronounced a sentence in court. Zhou was sentenced to seven months’ imprisonment.

　　According to the prosecution’s allegations, at 22: 40 on March 23 this year, when the defendant Zhou drove a car out of Innovation Road via Xinmin Sixth Street in Haizhu District, he met Kuang Mouming driving a car from Innovation Road to Xinmin Sixth Street. Because of the narrow road, two cars cannot pass at the same time. Due to the problem of avoiding the car, the defendant Zhou had an argument with Kuang Mouming and his co-pilot Kuang Mouhua, and then the two sides beat each other.

　　After a "scuffle", Kuang Mouming and Kuang Mouhua drove away first, and the defendant Zhou immediately left a voice message on his relatives’ WeChat group using WeChat, claiming that he was injured in Xinmin Sixth Street and asked his relatives to come over to help chase him by car. At the same time, he also called relatives to inform them to drive to the scene.

　　Later, two large trucks called by the defendant Zhou arrived at the scene, and Zhou sat on one of the large trucks and commanded to catch up with the car for nearly one kilometer. When chasing after the Jinsha gas station near Jinsha Road in Haizhu District, Zhou’s big truck intercepted the small car driven by Kuang Mouming. When Kuang Mouming saw it, he turned around and fled. At this time, another big truck rushed from the opposite lane and crossed the line and crashed into the small car driven by Kuang Mouming, causing damage to the left front of the car and the left rear mirror.

　　After Kuang Mouming was hit and stopped, Zhou’s big truck immediately stepped forward to intercept. Zhou and others got off the cab and wanted to rush to the vehicle driven by Kuang Mouming. When Kuang Mouming saw it, he immediately drove away from the scene and called the police for help. Subsequently, the defendant Zhou was arrested by the police. After identification, the injuries of Kuang Mouming and Kuang Mouhua were all minor injuries, and the loss price of the car driven by Kuang Mouming was RMB 8663.22.

　　The prosecutor asked in court, "Do you know the consequences of chasing cars on the main road?" "Why didn’t you call the police immediately?" Zhou argued that the reason why he informed his relatives to chase and intercept Kuang Mouming’s driving vehicle was that Kuang Mouming and Kuang Mouhua beat him and fled. He didn’t remember their license plates, only recognized cars and people, "just wanted to intercept the other vehicle and call the police", but there was no alarm after the collision.

　　After trial, Haizhu District People’s Court held that the defendant Zhou chased and intercepted others, and the circumstances were bad; Arbitrary destruction of public or private property, if the circumstances are serious, has constituted the crime of stirring up trouble. The defendant Zhou confessed his crime truthfully after arriving at the case and voluntarily pleaded guilty, which can be given a lighter punishment according to law. The defendant, Zhou, had an altercation with Kuang Mouming’s party because of the meeting, and then beat each other. After Kuang Mouming’s party left, he still called others to drive the truck to catch up with and intercept the vehicle driven by Kuang Mouming. His behavior of catching up and intercepting had a great impact on traffic order, and he was given a heavier punishment as appropriate. Considering that Kuang Mouming was at fault, and the defendant Zhou had actively compensated Kuang Mouming for his losses, he was given a lighter punishment as appropriate. In the end, the court ruled that the defendant Zhou constituted a crime of seeking trouble and sentenced him to seven months in prison.

Text/Yangcheng Evening News All-Media Reporter Li Zhiwen

At 0: 50 on January 7th, the K4562/3 train with 1813 passengers left Guangzhou Station slowly. This is Guangdong-Hong Kong-Macao Greater Bay Area’s first passenger train during Spring Festival travel rush in 2023, which marks the official start of the 40-day Spring Festival travel rush.

This year, Spring Festival travel rush is the first Spring Festival travel rush after the introduction of the "New Ten Articles" for epidemic prevention and control. The reporter observed in railway stations, airports, passenger stations and other transportation hubs that compared with the previous epidemic period, there have been many new changes in Spring Festival travel rush this year: the green code has not been checked, the nucleic acid has not been looked at, and the passenger pit stop process has become simpler; Wearing masks, protective clothing and gloves-there are fewer fully armed passengers or even out of sight; There are more and more passengers with their families, big bags and small bags, and smiling faces … In order to make passengers travel safely and smoothly, they do this.

Guangdong Provincial Department of Transportation

This year, the Provincial Department of Transportation further strengthened the linkage between departments, improved the working mechanism of Spring Festival travel rush, further sorted out the traffic jams and toll stations, strengthened the road network detection, dispatching and emergency response of important transportation corridors, key nodes and traffic jams and bottlenecks, and improved the rapid response capability.

In order to build a safe Spring Festival travel rush, the Provincial Department of Transportation will continue to implement the "one-day-one-judge" Spring Festival travel rush working mechanism, and coordinate the prevention and control of Spring Festival travel rush epidemic and the guarantee of transportation services. Do a good job in the dynamic intelligent monitoring of operating vehicles, focusing on strengthening the safety supervision of long-distance passenger transport, tourist chartered cars, rural passenger transport and dangerous goods transportation. Do a good job in the source management of passenger stations, and urge passenger stations to strictly implement the "three no-stops and six no-exits" system. Keep a close eye on key nodes such as "passenger ro-ro transportation in Qiongzhou Strait" and "four types of key ships" and strengthen waterway safety supervision.

In order to further improve the service level of Spring Festival travel rush, the transportation system of the whole province will actively carry out voluntary services such as "Warm Winter Action", "Warm Migrant Workers in Spring" and "Spring Breeze Action" to provide information consultation, civilized guidance, tea supply and other services for drivers and passengers in the past, so as to warm passengers’ way home. Strengthen the sanitation and cleaning of transportation stations, provide waiting areas and consulting services for pregnant women, children, sick and disabled passengers, and further improve the waiting environment for passengers. At the same time, strengthen the transportation service guarantee in key periods, and actively organize "point-to-point" transportation such as chartered cars, special trains and charter flights to meet the needs of people returning to work and returning to school.

This year, Spring Festival travel rush’s transportation system will fully implement the latest epidemic prevention and control optimization measures and "Class B and B management" measures of the joint prevention and control mechanism of the State Council, continue to do a good job in the normalization prevention and control of "two stations, one field, one port and one service area", strictly implement measures such as disinfection of passenger stations, service areas and means of transportation, and do a good job in cleaning the environment, ventilation and ventilation. In principle, disinfection and ventilation should be no less than once a day.

At the same time, strengthen the passenger flow organization of passenger stations, guide passengers to wait for passengers and sit in scattered places when conditions permit, and reduce the concentration of people. Long-distance road passenger drivers should try to fix the lines and vehicles during their work, and drivers of long-distance passenger lines and drivers and passengers of important energy transportation channels should try to arrange fixed rest places to prevent cross-infection.

All localities will further optimize the ticketing organization, actively provide contactless services such as mobile terminal ticket purchase and ID card checking, and guide passengers to wait for the bus (ship) and board the bus (ship) in an orderly manner. Strengthen the connection of various modes of transportation, effectively improve the efficiency of combined transport and continuous transfer, and effectively solve the "first and last mile" of passenger travel. Increase the organization and management of rural passenger transport and the delivery of transport capacity, improve the coverage of rural passenger transport lines, and ensure the travel needs of the masses.

Guangzhou Railway Group: The renovation and inspection of locomotives, vehicles, line equipment and station equipment have been completed in an all-round way.

In terms of hardware, Guangzhou Railway Group has strengthened the inspection and maintenance of service facilities and equipment. In front of Spring Festival travel rush, the ticket vending machines, elevators, air conditioners and seats were thoroughly inspected and rectified to ensure that basic services such as environmental sanitation, toilet use and boiled water supply were in place. At the same time, before New Year’s Day, the service "Keep Smooth" project in Guangdong Province was put into use as scheduled. For example, Guangzhou South Railway Station also completed the construction of Spring Festival travel rush Security Project, the west platform completed the optimization of compound security check and exit streamline, and eight channels were added at the security check and exit.

Increase investment in safety equipment. Spring Festival travel rush Former Group Company has completely completed the renovation and inspection of locomotives, vehicles, line equipment and station equipment, so as to ensure that these equipment can run safely and smoothly during their stay in Spring Festival travel rush.

In terms of service upgrading, we adhered to the standards of demand orientation and passenger satisfaction, coordinated Spring Festival travel rush, epidemic prevention, transportation and safety, focused on the service needs of passengers, and introduced 15 measures to facilitate the people and benefit the people, such as adjusting the preferential standard for children’s tickets to age according to their height, and canceling the restriction that students can only buy student discount tickets in winter and summer vacations.

Baiyun Airport: "Spring Breeze Service" Helps Passengers Travel Well

While ensuring the safe operation, Baiyun Airport practiced the "Spring Breeze Service" and launched a series of warm service measures in view of the "key and difficult points" in Spring Festival travel rush’s security work. All units in the frontcourt will strengthen the deployment of manpower, and the security inspection channels will be opened in advance according to the passenger flow situation, and all channels will be opened during the peak passenger flow period to quickly check and release passengers.

During the security inspection in Spring Festival travel rush, according to the actual demand on site, passages for "first passengers", "students returning from winter vacation" and "late passengers" were set up to provide convenience for special passengers such as those who arrive late for some reason and those who are old, weak, sick and pregnant.

Air Service Branch has set up a special service counter and a love counter at the duty officer’s counter at Gate 2 of Terminal 1 and the check-in counter at No.17 on M Island, respectively, to give priority to check-in procedures for passengers in need. For special international passengers, assist in making electronic health declaration and provide customs clearance guidelines.

The customer service center provides "artificial+intelligent" service, responds to passengers’ needs 24 hours a day, and patiently answers questions for passengers. The customer service counters at the airport provide convenient boxes for passengers, and the maternal and child rooms provide free emergency services of baby products for passengers returning home from Spring Festival travel rush. A number of warm-hearted measures meet the needs of the vast number of passengers for a beautiful trip.

Central South Air Traffic Control Bureau: Ensuring the Smooth Lifeline of Air Traffic Control Transmission during Spring Festival travel rush.

In view of the increase in flight volume, parallel epidemic prevention support, and outstanding complex weather during Spring Festival travel rush this year, the Central South Air Traffic Control Bureau properly formulated the support plan, set up the Spring Festival travel rush Support Working Group, organized a mobilization meeting for air traffic control support in Spring Festival travel rush, implemented safety responsibilities, paid close attention to the operation situation, rationally arranged the personnel on duty according to the characteristics of flight flow distribution in Spring Festival travel rush, and established a reserve team for key posts to respond to emergencies at all times.

The Technical Support Center ensures the stability and reliability of air traffic control equipment. Before Spring Festival travel rush, the new version of "Equipment Image Recognition System" was upgraded and deployed to realize intelligent monitoring of air traffic control equipment status and build a "firewall" for equipment support. The Communication Network Center will carry out special inspection of Spring Festival travel rush for air traffic control equipment, strengthen inspection of transmission pipelines, closely monitor the safety of pipelines and cables in construction sections, and ensure the smooth "lifeline" of air traffic control transmission during Spring Festival travel rush.

The Central South Air Traffic Control Bureau is also actively doing a good job in publicizing and training the new version of the emergency plan system and emergency handling cards to ensure that Spring Festival travel rush is foolproof.

Guangzhou Maritime Department: Provide 24-hour information supervision service.

It is understood that the Guangzhou Maritime Department has carried out a comprehensive safety "physical examination" on 105 passenger ferry vessels that have been put into Spring Festival travel rush, focusing on passenger-related vessels and material transport vessels such as Pearl River cruise ships and high-speed passenger ships, preventing vessels from operating "with diseases", and making full use of information means such as VTS, CCTV video surveillance system and supervision and command system, strengthening dynamic control of vessels, and releasing early warning information of bad weather in time to ensure the safety of navigation.

At the same time, we will open up a green channel for the transportation of key materials, strengthen the water transportation organization, provide 24-hour all-weather information supervision service, improve the efficiency of ship turnover and operation, ensure the safe and smooth transportation of key materials such as electric coal and grain, and ensure the production of enterprises and the living needs of residents during Spring Festival travel rush.

In addition, combined with the navigation situation of ships in the jurisdiction, Guangzhou Maritime Department rationally deployed emergency rescue forces in key waters such as the Pearl River Estuary, and did a good job in duty and emergency response to emergencies to fully ensure the safety of people’s water travel.

China Eastern Airlines: Improve the service guarantee for special passengers and actively assist passengers.

During Spring Festival travel rush, the number of elderly tourists and unaccompanied children tourists is expected to increase significantly. China Eastern Airlines has improved various service guarantees from the ground to the air since passengers purchased tickets; At present, an electronic system has been established for unaccompanied children. During the flight, flight attendants record and photograph the details and photos of small passengers, and parents can know the flight situation in real time through China Eastern Airlines official website.

This year, in Spring Festival travel rush, Shenzhen Base of China Eastern Airlines Guangdong Branch cooperated with Shenzhen Airport to launch an accurate tracing service for late-arrival passengers. During the morning rush hour, a special tracing post was set up to accurately find late-arrival passengers through the tracing system based on passengers’ appearance characteristics and security check time, and the attendants at the tracing post and boarding gate formed an effective linkage to actively assist passengers to make the trip.

In addition, passengers who take China Eastern Airlines flights at Shenzhen Airport, if they find that their ID cards and paper boarding passes have been lost after security check, can make a trip smoothly with their electronic boarding passes, and there is no need to leave the airport control area and reissue their boarding passes at the check-in counter.

Air China: Strengthen operation supervision, and continue to do a good job in production organization and emergency response under complex operation environment.

Air China scientifically co-ordinates aircraft, crew and other operational resources, strengthens flight plan management, and formulates detailed flight support plans and emergency plans in combination with weather characteristics such as frequent low temperature, rain, snow and low visibility in winter. By strengthening meteorological accurate forecast, strict flight release standards, and strengthening flight dynamic monitoring and information notification, it integrates Excellence, professionalism, efficiency and sincere service into every link of ensuring passengers’ travel, and fully guarantees the safe, stable and smooth flight operation during Spring Festival travel rush.

With the expectation of the Fed’s interest rate hike gradually declining, and it is almost certain that it will stop raising interest rates this year, small and medium-sized pharmaceutical stocks with historically low valuations are expected to usher in a wave of mergers and acquisitions this year. Combined with the merger situation in 2022, we believe that ten companies such as Argenx, Apellis and Sarepta have great potential to be merged by large pharmaceutical companies.

In addition to the ten pharmaceutical companies listed in this article, the following pharmaceutical companies or technical fields deserve attention:

ADC domain：Mersana Therapeutics、ImmunoGen；

CNS domain：Intra-cellular、Neurocrine、Sage Therapeutics;

Rare disease field：Mirum、Krystal Biotech；

Other fields：Halozyme、Prometheus、Viridian Therapeutics.

1、Argenx(NASDAQ:ARGX)

ARGX is a Dutch pharmaceutical company specializing in the research and development of alpaca-derived antibodies. It has three patented technologies related to the transformation of antibody Fc region, namely SIMPLE Antibody platform, NHance, ABEDEG and POTELLIGENT, and has the property of technology platform.

The drug VYVGART, which has been marketed by ARGX for treating myasthenia gravis, sells well, recording a sales income of US$ 131 million only in the third quarter of last year. It is estimated that the annual income will reach US$ 402 million, and the rights and interests of VYVGART in China have also beenZaiding medicineTake it. In 2023, ARGX also had some important milestones:

The company has submitted the subcutaneously injected version (SC) of EFGARTIMOD, which will be listed for approval on June 20th. Considering that VYVGART has been listed and sold well, the subcutaneously injected version of EFGARTIMOD has a high probability of being approved, and the sales revenue is more considerable.

In the second quarter, the SC version of efgartigimod will also release the phase III data for the treatment of chronic inflammatory demyelinating polyneuropathy (CIDP).

ARGX-113, a drug under research, will release two three-phase heavy data on the treatment of primary immune thrombocytopenia (ITP) and pemphigus vulgaris (PV) in the second half of the year.

ARGX is rich in pipelines, its technology platform has been verified, its sales revenue has risen rapidly, and with the blessing of many heavy catalysts this year, many Wall Street investment banks have listed ARGX as one of the promising biomedical enterprises this year.

2、Apellis(NASDAQ:APLS)

APLS is a biomedical company with complement technology, and its main drug is C3 inhibitor APL-2. At present, the drug has been approved for two indications: paroxysmal hemoglobinuria (PNH) and geographic atrophy (GA) secondary to age-related macular degeneration, among which the PNH indication was approved in mid-2021, and it sold for 65.1 million US dollars in the United States only last year (authorized to SOBI outside the United States).

APL-2 was recently approved for the treatment of GA, with a wide range of labels (including foveal and extrafoveal), and GA has a large market. The Wall Street investment bank even gave a peak sales forecast of $5 billion. At the same time, the doctor survey conducted by the investment bank showed that doctors and patients had high expectations for APL-2. It is estimated that doctors will use the drug in 20-50% of patients, with an estimated EOD of 70-80%.

In addition to the above-mentioned approved indications, the company has a layout in the fields of rare diseases, ophthalmology, nervous system, gene therapy, etc., among which gradual freezing disease (ALS) in cooperation with SOBI is the most important. APLS is a very suitable choice for large pharmaceutical companies that want to enter the field of complement technology or GA.

3、Alnylam(NASDAQ:ALNY)

Founded in 2002, Alnylam is a leading enterprise in the field of RNAi therapy. In the past five years, it has successfully brought five RNAi drugs to the market, and in 2022, it achieved sales revenue of 892 million US dollars, up 35% year-on-year.

According to product classification, ONPATTRO and AMVUTTRA, which have the same indications, recorded revenues of $122 million and $69 million respectively in the fourth quarter of last year, with annual revenues of $558 million and $94 million respectively.

GIVLAARI recorded a revenue of $47 million in the fourth quarter of last year and achieved a revenue of $173 million in the whole year; OXLUMO recorded a revenue of $24 million in the fourth quarter of last year and achieved a revenue of $70 million for the whole year.

In addition to the strong performance of existing products, relying on the RNAi therapy technology platform, ALNY is rich in research pipelines, and many pipelines are in the later stage, which has great commercialization potential in the short term:

Patisiran’s supplementary marketing application for the treatment of ATTR amyloidosis cardiomyopathy, and the approval time is October 8; This year, the third phase data of Fitusiran in treating hemophilia and the third phase data of Vutrisiran in treating ATTR amyloidosis cardiomyopathy will also be released.

In addition, the market for indications of some early pipelines of the company is extremely broad, such as Zilebesiran for treating mild and moderate hypertension, ALN-APP for treating Al Harmo’s disease, ALN-KHK for treating NASH, etc.

Whether it is the technology platform, sales performance, and future potential, ALNY is the target of mergers and acquisitions by large pharmaceutical companies.

4、Axsome Therapeutics(NASDAQ:AXSM)

AXSM is a model of Biotech in the field of central nervous system in recent years. Its share price has risen more than 30 times in the past four years, and it has also enabled CFO Nick Pizzie, who defected from Pierre Fabre USA in 2018, to gain wealth freedom. At that time, the market value of AXSM was less than 100 million US dollars.

Behind the stock price rise is AXSM’s successive clinical trials:

The third phase trial of AXS-05 in the treatment of major depression (MDD) and bipolar disorder in Az Harmo was successful, and the indication of MDD has been approved for marketing.

The third phase trial of AXS-07 for migraine was successful, and it is planned to submit NDA； this year;

The drug AXS-12, which is used to treat narcolepsy, has also been certified by FDA as a breakthrough therapy. It is currently in the second phase of clinical practice, and data will be released this year.

In addition to its own research and development, the company is also adept at business development (BD): in March 2022, AXSM bought Sunosi, a listed drug for treating narcolepsy, from JAZZ for $53 million, and in February this year, AXSM announced that it would grant Sunosi’s rights and interests in Europe, the Middle East and North Africa to Pharmanovia, and AXSM would receive an advance payment of $66 million and a milestone payment of up to $101 million.

For large pharmaceutical companies that favor the commercialization stage, AXSM with two CNS drugs on sale and multiple later pipelines is undoubtedly one of the most worthy M&A targets.

5、Ascendis(NASDAQ:ASND)

Ascendis Pharma is a long-acting drug company with a long-acting drug technology platform TransCon. At present, it mainly focuses on various rare diseases, reducing the frequency of drug use, improving patients’ compliance, reducing side effects, and thus improving the treatment effect. With the success of the third phase clinical trials of several drugs, the technical platform of ASND has also been verified.

At present, the company has three drugs under research: TransCon hGH (long-acting growth hormone), TransCon PTH (treatment of hypothyroidism) and TransCon CNP (treatment of achondroplasia).

In 2021, Skytrofa, the company’s drug for treating children’s growth hormone deficiency (GHD), has been approved for marketing. On April 30 this year, the FDA will approve the marketing of TransCon PTH, the company’s drug for treating adult hypoparathyroidism, and will also release Phase III data of TransCon hGH for treating adult growth hormone deficiency before the end of the year. In addition, the company also has pipeline promotion in the field of achondroplasia and tumor, and will provide updates of related clinical trials this year.

The performance of Skytrofa, a drug listed by ASND, grew well. In 2022, it achieved a revenue of 35.7 million euros, with a quarterly revenue growth rate of 39%.

In 2018, ASND also co-founded VISEN Pharmaceuticals with Vivo Capital, and Visen Pharmaceuticals acquired the rights and interests of ASND in Greater China. In November 2022, Weisheng Pharmaceutical submitted a prospectus to the Hong Kong Stock Exchange, intending to be listed on the main board of Hong Kong. In view of the vast domestic long-acting growth hormone market, Changchun Gaoxin, anke biotechnology and other companies have already laid out, and the arrival of Weisheng Pharmaceutical will intensify the competition in the industry.

In view of the company’s long-term drug technology platform and the pipeline in the late stage of commercialization and research and development, Ascendis Pharma is also one of the potential acquisition targets of large pharmaceutical companies.

6、Sarepta(NASDAQ:SRPT)

Sarepta Therapeutics is a leading enterprise in the field of treating Duchenne muscular dystrophy (DMD). At present, the company has three approved DMD drugs: EXONDYS 51, AMONDYS 45 and Vyondys 53. In addition to the drugs already on the market, the company is developing new therapeutic drugs such as gene therapy and gene editing around DMD, and at the same time, it has a layout for the indications such as limb muscular dystrophy (LGMD).

In the third quarter of 2022, the company recorded a product sales income of 207 million US dollars, and it is estimated that the annual income will reach 843 million US dollars, a year-on-year increase of 38%. In addition to strong sales performance, the company’s R&D pipeline is also worth looking forward to.

In the third quarter of last year, the company submitted the application for the marketing of gene therapy drug SRP-9001 for treating DMD, which was jointly developed with Roche. The FDA granted it priority approval, and the approval time was May 29th. The marketing application of SRP-9001 is supported by many clinical trial data, and the probability of approval is high.

For large pharmaceutical companies that want to enter the DMD field, SRPT is the best choice. However, the overseas rights and interests of SRP-9001 were authorized to Roche, which may lower the expectations of the acquirer.

7、Karuna Therapeutics(NASDAQ:KRTX)

KRTX is a company that develops drugs for the treatment of nervous system diseases. KarXT, its main drug, is an oral first-choice muscarinic agonist for M1/M4. It consists of xanomeline, a muscarinic agonist, and trospium, a muscarinic antagonist. It aims to preferentially stimulate muscarinic receptors in the central nervous system, and has the potential to treat serious mental diseases without relying on dopaminergic or serotonin, including schizophrenia and psychosis in Alzheimer’s disease.

In August, 2022, the company released the phase III clinical data of KARST in the treatment of schizophrenia, which not only reached the end of the trial, but also was superior to the existing therapies in terms of therapeutic effect, safety and patient coverage, and solved the problems of poor compliance and less coverage in the existing therapies, especially the clinical P value of KARST < 0.0001, which is extremely rare in the CNS field.

This data has been released, and KarXT is regarded as a game changer in the field of schizophrenia by investment banks such as Mizuho. It is estimated that it will reach $1.7 billion by 2028, and its peak sales will be above $5 billion.

The company plans to submit the listing application of KarXT in the middle of this year, and release the results of another phase III test named Buergent-3 in the first quarter of this year. This experiment is similar to the previous studies of EMERGENT1(Ph2b) and EMERGENT-2(Ph3), with a high probability of success, but initially the experiment was mainly conducted in Ukraine, and now most of the research is transferred to the United States, which has certain uncertainties.

8、Revance(NASDAQ:RVNC)

RVNC is a pharmaceutical company dedicated to developing cosmetic medical products. Relying on the unique TransMTS? peptide technology, it has developed a differentiated botulinum toxin for injection, which was approved in the third quarter of last year.

Different from the existing Dysport, Xeomin, Jeuveau and other products on the market, DAXXIFY is a new product that is truly different from BOTOX, the number one product in the field of botulinum toxin. In the treatment of brow wrinkles, the curative time of DAXXIFY is almost 1.5 to 2 times that of BOTOX, while the annual income of the latter is 14.6 billion US dollars.

Because of its remarkable effect, DAXXIFY aims at the top one-third of the existing users. Investment banks predict that DAXXIFY will occupy 30% of the US market and its annual sales will exceed $1 billion. In the first quarter (the fourth quarter of last year) just after it was approved, the sales of DAXXIFY experience users were already expected to be between $10.5 million and $11.5 million.

In addition to DAXXIFY, the company also has RHA fillers with less side effects and better effects than hyaluronic acid. The sales revenue in the first year after listing was more than 70 million US dollars, and the growth rate last year remained at 40%+. Different from other small pharmaceutical companies, the company also has a commercial platform OPUL?, which is a cloud platform integrating customer relationship maintenance and financial payment functions, providing services for all kinds of medical and beauty businesses. As of the third quarter of last year, the total platform GPV in the past 12 months exceeded 630 million US dollars.

In the environment of raising interest rates, large pharmaceutical companies facing the cliff of heavy drug patents are likely to be interested in mergers and acquisitions of RVNC with great sales revenue potential and quick results.

9、Krystal Biotech(NASDAQ:KRYS)

KRYS is a unique gene therapy company, which does not use the common adeno-associated virus or lipid nanoparticles to deliver genetic material, but loads the gene into herpes simplex virus (HSV-1) to make it reach its target in vivo. HSV-1 has higher carrying capacity than other gene therapy technologies, which not only broadens the scope of potential diseases that KRYS may treat, but also can realize repeated administration.

KRYS has developed a series of drugs for dermatoses and respiratory diseases on its gene therapy technology platform, among which the most important one is B-VEC for the treatment of dystrophic epidermolysis bullosa (DEB), which is currently in the waiting stage for PDUFA.

B-VEC has obtained the priority evaluation qualification granted by FDA. Due to CMC, the approval time was postponed to May 19th this year, and the probability of approval was high. If approved, this will be the first approved gene therapy for DEB.

Although the market of DEB is not very large, B-VEC has proved the feasibility of the company’s technology platform to some extent. Besides the skin diseases and respiratory diseases that have been laid out at present, the company has also started clinical trials to treat cystic fibrosis. In addition, Jeune Aesthestics, a subsidiary of KRYS, is still trying to enter the field of medical beauty.

With its unique technology platform value and several promising research pipelines, KRYS is expected to become an M&A option for large pharmaceutical companies.

10、Xenon(NASDAQ:XENE)

XENE is a company that focuses on the treatment of neurological diseases by regulating ion channels. The main indication is epilepsy. At present, there are four drugs under research in the pipeline, XEN1101, XEN496, XEN901 and XEN007, which have cooperated with well-known enterprises in CNS field, Neurocrine and Alexion (acquired by AstraZeneca).

In October, 2021, the company announced that XEN1101, the main pipeline, announced the success of the second phase of the clinical treatment of adult local epilepsy, and the FDA required the company to make another third phase to apply for listing. XEN496, another treatment for infantile epilepsy, is also in the third clinical stage, and it also needs a greater probability of success.

In addition, the company’s drug XEN1101 is still in the second phase of clinical treatment for major depression (MDD), and the market of MDD is bigger than that of epilepsy. If the data released in the second half of the year is good, it will increase the probability of the company being acquired.

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　　Cctv newsAccording to the website of the National Bureau of Statistics, in May, the total retail sales of social consumer goods was 3,594.5 billion yuan, a year-on-year increase of 12.4%; It increased by 9.3% compared with May 2019, with an average growth rate of 4.5% in two years. Among them, the retail sales of consumer goods other than automobiles reached 3,225.7 billion yuan, an increase of 13.2%. After deducting the price factor, the total retail sales of social consumer goods actually increased by 10.1% in May, with an average growth of 3.0% in two years. From the ring comparison, the total retail sales of social consumer goods increased by 0.81% in May.

　　1&mdash; In May, the total retail sales of social consumer goods reached 17,431.9 billion yuan, a year-on-year increase of 25.7%, with an average growth rate of 4.3% in two years. Among them, the retail sales of consumer goods other than automobiles reached 15,630.4 billion yuan, an increase of 24.4%.

　　According to the location of business units, in May, the retail sales of urban consumer goods reached 3,131.3 billion yuan, up 12.3% year-on-year, with an average growth of 4.5% in two years. The retail sales of rural consumer goods reached 463.2 billion yuan, an increase of 13.2%, with an average increase of 4.7% in two years. 1&mdash; In May, the retail sales of urban consumer goods reached 15,154.6 billion yuan, a year-on-year increase of 26.0%, with an average increase of 4.4% in two years. The retail sales of rural consumer goods reached 2,277.2 billion yuan, an increase of 23.5%, with an average increase of 3.7% in two years.

　　By consumption type, in May, the retail sales of commodities reached 3,212.9 billion yuan, up 10.9% year-on-year, with an average increase of 4.9% in two years. The catering revenue was 381.6 billion yuan, an increase of 26.6%, with an average increase of 1.4% in two years. 1&mdash; In May, the retail sales of commodities reached 15,652.9 billion yuan, a year-on-year increase of 22.9%, with an average increase of 4.8% in two years. Catering revenue was 1,778.9 billion yuan, up 56.8%, with an average decline of 0.3% in two years.

　　1&mdash; In May, the national online retail sales reached 4,823.9 billion yuan, a year-on-year increase of 24.7%, with an average increase of 14.2% in two years. Among them, the online retail sales of physical goods was 3,937.7 billion yuan, an increase of 19.9%, with an average increase of 15.6% in two years, accounting for 22.6% of the total retail sales of social consumer goods; In the online retail sales of physical goods, food, clothing and consumer goods increased by 24.2%, 28.2% and 17.0% respectively, with an average increase of 30.5%, 9.3% and 15.9% respectively in two years.

　　Cctv news Lancome, Saint Laurent YSL, helena rubinstein HR, Armani … these well-known brands are all owned by L ‘Oreal Group. On the morning of February 21st, "New Era and New Opportunities &mdash; &mdash; The online theme promotion activity of "Multinational Enterprises in China" came to the headquarters of L ‘Oré al North Asia. In an interview, Fabry, President of L ‘Oré al North Asia and CEO of China, said that L ‘Oré al has been close to consumers for 25 years and is looking forward to more sparks with the consumer market in China.

　　Fashion and beauty combine the feast of sight and smell.

"Floating in Time and Space" in Shanghai Exhibition Center: the world’s first exhibition of Armani Gaoding’s private fragrance

　　"Floating in time and space &mdash; &mdash; The first exhibition of Armani Gaoding Fragrance in the world was recently exhibited in the West Hall of Shanghai Exhibition Center. In this limited-time feast of fashion and beauty, several sets of rare Armani haute couture fashions were presented, which complemented the perfume bottles with corresponding smells.

　　It is reported that the exhibition receives 2,000-2,500 visitors every day, and the exhibition will last until February 26th, and then move to South Korea, France and other places to continue the "global tour".

　　Fabry said that in the past few years, L ‘Oré al has made due contributions to the recovery and development of China’s consumer market. The world premiere of Armani in Shanghai not only reflects the strong resilience of China’s economy, but also reflects L ‘Oré al’s confidence and determination to develop in China.

　　"We will continue to create beauty, move China consumers and enlighten the world."

　　Technology empowerment seizes the new opportunity of personalized beauty.

　　Less than 500 meters away from the exhibition is the headquarters building of L ‘Oré al Group in North Asia. Since L ‘Oré al entered the China market in 1997, it currently operates 31 brands in China.

　　Fei Borui said that diversification is the next development trend of the beauty industry. Consumers are not limited to "one thousand people" who only choose a single product. In the future, more diversified choices and expressions will realize "one person and one thousand faces". How to meet the needs of consumers more accurately will bring great business opportunities to the development of L ‘Oré al beauty and technology.

L ‘Oré al staff demonstrated the intelligent colorimeter of "lipstick printer"

　　It is understood that L ‘Oré al has made its debut in China International Import Expo(CIIE) for five years in a row, exhibiting 16 new international brands and a number of personalized beauty technologies, and its influence on new products is constantly expanding to the whole country.

　　Investment overweight is full of confidence in Shanghai’s development.

　　"Shanghai naturally has some of the most cutting-edge characteristics of beauty consumption." Fei Borui said that Shanghai has good prospects in innovation, consumption and economic growth, and he is full of confidence in Shanghai’s development.

Fabry (right), President of L ‘Oré al North Asia and CEO of China, was interviewed.

　　Over the years, L ‘Oré al has witnessed the continuous development and evolution of Shanghai, and in the process, L ‘Oré al has also deeply felt the strong support of the Shanghai government and relevant institutions. L ‘Oré al has always maintained close cooperation with the government and received a lot of support from the policy level, thus bringing more innovation to consumers. At the China International Import Expo(CIIE) in 2019, L ‘Oré al demonstrated the personalized service of Xiuliko Essence. In this year’s pilot project in Pudong, the personalized service of Xiuliko Essence will be listed in China; In 2022, the clean workshop of L ‘Oré al Suzhou Factory was officially launched, and the foundation stone of the world’s first self-built intelligent operation center was launched in Suzhou, which is expected to be officially put into operation in September this year; In addition, L ‘Oré al also set up its first investment company in China market &mdash; &mdash; Shanghai Meicifang Investment Co., Ltd. will strengthen co-creation with China’s industry partners.

　　"The fields that China is developing are in perfect harmony with the fields that L ‘Oré al can contribute to," Fabry said. L ‘Oré al has been witnessing the opening of the market and the demand for policies. During the gradual recovery of the consumer market in China, L ‘Oré al is very much looking forward to colliding with Shanghai for more innovation sparks.