Production capacity may be limited in the third quarter. How long can LI’s growth story be told?

Wen | Buer Research Institute Yi Xin Zi Qing

Following the price reduction of Tesla at the beginning of the year, in August this year, new energy vehicles once again set off a new wave of price reduction. Brand officials, such as Zero Run and Weilai, announced the price reduction, and the ideal was to "reduce the price in disguise" by releasing new cars.

On August 8th, LI (02015.HK) announced the second quarterly report of 2023. Although the net profit of the second quarter increased, its share price showed the opposite trend.

On the day of the financial report, its US stock price closed down by 8.62%; The next day (August 9), Hong Kong stocks closed down 5.52%.

As of August 14th, LI closed at HK$ 160.90 per share, corresponding to a market value of HK$ 335.4 billion (about RMB 311.1 billion).

According to the latest data released by Ideal, its delivery volume in the second quarter reached 86,533 vehicles, up 201.6% year-on-year and 65% quarter-on-quarter. In July, the delivery volume was 34,134 vehicles, up 227.5% year-on-year and only 4.7% quarter-on-quarter.

According to the announcement of LI, it is estimated that the delivery volume in the third quarter is only 100,000-103,000, equivalent to 33,000-34,500 vehicles per month. Based on this data, it is speculated that the growth of ideal monthly delivery volume may stagnate.

According to its second quarterly report, "Buer Research" found that in the second quarter of this year, LI’s revenue was 28.65 billion yuan, a year-on-year increase of 228.1%; The net profit was 2.31 billion yuan, turning losses into profits year-on-year, up 147.4% from the previous month.

In the second quarterly report, the ideal revenue doubled, but the strategy of re-marketing may continue. The R&D expenditure in the ideal second quarter was 2.43 billion yuan, up 58.4% year-on-year and 31% quarter-on-quarter. Sales, general and management expenses were 2.32 billion yuan, up 74.3% year-on-year and 40.4% quarter-on-quarter.

Source: official website, LI

At present, LI’s production capacity is limited to 8,000 vehicles per week, and the production capacity of parts suppliers has fallen into a bottleneck, which is also a challenge it faces in the second half of the year.

According to the financial report meeting in the second quarter, due to the development of economic situation and the upgrading of enterprise organization matrix at the beginning of the year, it is ideal to lower the planned annual sales target of 360,000 vehicles to 300,000 vehicles.

Today, the new energy vehicle has entered the second half, and the industry volume has been intensified; Although LI turned losses into profits year-on-year, how long can the story of its profitability be sustained and increased?

In March of this year, the new forces of building cars suffered a double crit.

The first crit comes from the continuous price reduction war of peer TSLA, and the second crit is the government-enterprise subsidy jointly initiated by Hubei Dongfeng. The fuel vehicle market is "chaotic", which makes new energy vehicles suffer crit.

As one of the Three Musketeers, a new force in car-making, LI has previously published the 2022 annual report and the first quarterly report in 2023. Although the revenue in 2022 has achieved substantial growth, it is still at a loss.

According to its financial report, "Buer Research" found that in 2022, LI’s revenue was 45.29 billion yuan, a year-on-year increase of 67.7%; In the same period, its net loss was 2.03 billion yuan, up 531.42% year-on-year, making it the most serious year since the listing of US stocks in 2020.

Among them, the ideal automobile sales revenue in 2022 is 44.106 billion yuan, accounting for 97.39% of the total revenue. According to "Buer Research", due to the increase in R&D investment and rising operating costs in 2022, the automobile sales revenue failed to catch up, which led to the further expansion of LI’s net loss.

Under the new energy automobile track, it still takes time to accumulate and reserve funds to transform R&D investment into automobile production capacity.

Although the capital reserve has been expanded after the dual listing, more and more car-making competitors and intensified competition in sub-sectors seem to be shortening the ideal "new" time window.

01 landing in Normandy

In 2015, after leaving office in car home, Li wanted to start a business again, aiming at the field of new energy vehicles. At that time, Tesla was in the limelight, and many Tesla "fans" emerged in China.

Source: LI founder-Li Xiang-LI Guan Wei

Since then, Li Xiang’s brand ideal of new energy vehicles has stood out, and he, together with Weilai Automobile and Xpeng Motors, has been called "Three Musketeers".

In 2019, when the ideal first car, Li ONE, was officially launched, Li Xiang said frankly, "I have been in business for 20 years, and today is my most nervous day, and it is also the Normandy landing day of the company".

In July 2020, above the new energy outlet, it was ideal to land on Nasdaq in the United States, and the IPO was priced at $11.5 per share, with the highest increase of more than 50% on the first day of opening.

On August 12, 2021, LI landed on the Hong Kong Stock Exchange, becoming the second new car-making force to achieve dual listing in Hong Kong stocks after Xpeng Motors.

Although the new energy outlet is still there, the competition of the Three Musketeers, a new force to build cars, is intensifying. Compared with the increasingly full product matrix of Weilai and Tucki, the outside world is quite worried about the ideal car-making pace: the 2020 Li ONE that landed in Normandy has been sold for nearly three years, and the ideal finally got the new 2021 Li ONE.

Source: official website, LI

According to the ideal quarterly report in 2023, its total revenue in the first quarter was 18.79 billion yuan, up 96.5% year-on-year and 6.4% quarter-on-quarter. In the same period, the net profit was 934 million yuan, turning losses into profits. In addition, the ideal annual gross profit margin in the first quarter of 2023 is still declining.

According to "Buer Research", the ideal main revenue source is vehicle sales, and its vehicle sales revenue in the first quarter of 2023 was 18.33 billion yuan, accounting for 97.55% of the total revenue.

The increase in sales revenue in LI is mainly due to the increase in delivery volume in the first quarter and the increase in the average selling price of ideal L series models. In addition, the revenue and delivery have been greatly improved, which has also enabled LI to turn losses into profits.

Entrepreneurship means choosing the path of extended-range technology and relying on an extended-range electric vehicle to conquer the world. The ideal can be described as a different kind among the three musketeers, a new force in building cars. However, the increasingly strict policy supervision is like the sword of Damocles hanging overhead, and it is ideal to make up for the autopilot technology.

Li Xiang once said frankly, "In terms of autonomous driving, compared with Tesla and Tucki, we have to make up lessons." According to the plan, this year’s ideal research and development is continuously invested; In the first quarter, its R&D expenditure was 1.85 billion yuan, up 34.8% year-on-year; In the second quarter, its R&D expenditure was 2.43 billion yuan, a year-on-year increase of 58.4%.

When the market structure of the new force of car-making is initially determined, the competition of new energy vehicles has entered the second half: the sales and mass production targets of 280,000-300,000 vehicles, and the fierce competition of autonomous driving technology.

As a supporter of the "10,000-hour Law", Li Xiang once wrote in Weibo, "I have trained more than 60,000 hours in the automobile industry since 2004, and I am more confident in my major".

It seems that the capital market that votes with its feet is not satisfied with Li Xiang’s "10,000-hour law".

By comparing the PE value (P/E ratio) and the PB value (P/B ratio) of the Three Musketeers, a new car-making force, it was found that by the close of the US stock market on August 12th, EDT, except LI, the PE values of the new car-making force were all negative, with the PB values of Tucki 2.81, Ideal 6.23 and Weilai 7.63 in turn, while the PB value of Tesla was 15.06.

Among the three musketeers, the ideal PB value ranks second, which is about 1/10 of Tesla PB value. The higher the PB value, the higher the valuation of enterprises in the capital market.

As of August 12th, EST, the US stock market closed, with an ideal market value of $42.18 billion, while Tesla’s market value has passed the $700 billion mark.

02 on the new speed.

On May 25th, 2021, Ideality released the 2021 Li ONE in Beijing, which was different from the enthusiastic conference site. The capital market reacted coldly and fell immediately after the opening of the day. Only one day later, it is ideal to announce the financial report for the first quarter of 2021, from profit to loss.

"Li Xiang, you owe an explanation to the owner who picked up the car in April and May." After the release of the 2021 Li ONE, Li Xiang’s Weibo was overwhelmed by the owner’s doubts.

According to the ideal plan, after the production and sales of the 2021 Li ONE model begin, the production of the 2020 model will stop. The car owner who just bought the old model of Li ONE soon felt that he had been "cleared of inventory" by routine. Although it is ideal to provide four paid upgrade schemes for old car owners, it still cannot satisfy the skeptics.

In August of the same year, a similar scene was once again staged in the ideal riders group: the prospectus revealed that the ideal will launch a new full-size SUV in 2022, and compared with the existing products, the size, hardware and intelligent configuration have been improved in many aspects.

Source: LI Guanwei

To some extent, the rapid iteration of new energy vehicles is accelerating the depreciation of the value of the previous generation models. Anxiety, confrontation and other emotions spread between riders waiting for a full-size new car and owners who have already picked up the car.

According to "Buer Research", the innovative technology of new energy vehicles is both a spear and a shield. Compared with traditional cars, the product cycle of new energy vehicles is shorter; How to balance customer perception and product iteration has also become an ideal test.

However, the other side of the coin is the risk brought by the thin product line, and any fluctuation in Li ONE may trigger a chain reaction.

In order to change this situation, it is ideal to replace Li ONE with L8 and L9 from the second half of 2022.

In the fourth quarter of 2022, the ideal delivery volume was 46,319 vehicles, a year-on-year increase of 31.5%; In the same period, Weilai and Tucki delivered 40,052 vehicles and 22,204 vehicles respectively, both of which increased year-on-year.

By the end of 2022, it is ideal to deliver 133,246 vehicles throughout the year, up 47.2% year-on-year; Although it did not reach the expected goal of LI, it was slightly ahead of Weilai Automobile’s 122,486 vehicles and Xpeng Motors’s 120,757 vehicles in terms of the number of deliveries in 2022.

By the end of January this year, LI’s monthly sales even exceeded the combined monthly sales of Weilai Automobile and Xpeng Motors.

In the first quarter of this year, the ideal delivery volume was 52,584 vehicles, a year-on-year increase of 65.8%; The deliveries of Weilai and Tucki in the same period were 31,041 and 18,230 respectively.

The outbreak of black swan is only a small probability event. If compared with the same industry, to some extent, the large data fluctuation of ideal sales revenue is related to its single product structure.

In the view of "Buer Research", in the early stage of starting a business, the 2020 Li ONE solo combat can unite all the superior resources; However, due to the lack of product matrix, ideal is losing its position in the price range, and it is easy to fall into the situation of weak subsequent growth.

Expanding the product matrix is imminent. On August 3 this year, it officially launched the ideal L9 Pro. According to the ideal plan, it is expected to launch the first pure electric vehicle MEGA; by the end of 2023. And in 2024, four new cars will be released, including an extended-range SUV and three pure electric models.

Source: official website, LI

It is not easy to "upgrade" new energy vehicles, and R&D investment is similar to "arms race"; Only from the number of patents and invention patents in 2020, the ideal is relatively backward.

Intelligent driving is the focus of LI’s current layout. This year, the ideal plan is to land the "NOA" function in 100 cities.

At present, LI has successfully opened the urban NOA internal test in Shanghai and Beijing, and completed the first test drive of urban NOA and commuter NOA in Beijing. It is expected that in the third quarter, Ideal will also open the commuting NOA function to "early bird users".

In the view of "Buer Research", when the potential of new energy vehicle track is highlighted, attracting many car-making forces to enter the market, the competition in market segments will become more intense.

Regardless of the technical path, ideally, the time window of the new product matrix is limited, and it is urgent to find a balance between iterative novelty and customer perception.

03 Flag of Li Xiang

In February 2021, Li Xiang said in an internal letter that by 2025, it is ideal to win 20% of the market share and become the first intelligent electric vehicle enterprise in China; In 2030, it will go further and become the first intelligent electric vehicle enterprise in the world.

In the second quarter of this year, Li Xiang set a new Flag: the ideal total sales this year will exceed the target at the beginning of the year by 10%-20%. The ideal target at the beginning of the year is annual sales of 306,000 vehicles, and the adjusted sales volume is expected to be 336,000-366,000 vehicles.

According to the latest data released by Ideal, its delivery volume in the second quarter reached 86,533 vehicles, up 201.6% year-on-year and 65% quarter-on-quarter. And delivered 34,134 vehicles in July.

In terms of production capacity closely related to the delivery volume, the "Buer Research" found that the annual production capacity of the ideal Changzhou factory in 2020 will be about 100,000 vehicles, and the annual production capacity of the factory will increase to 200,000 vehicles after upgrading.

After the release of Q3 financial report in 2022, Shen Yanan, the ideal co-founder and president, announced his resignation. He helped LI choose to build his own factory in Changzhou. This adjustment is regarded as a large-scale change since the establishment of Ideal.

At the ideal second-quarter financial report meeting on August 8, Li Xiang said that at present, due to the influence of supplier supply, the production capacity is in a bottleneck.

Earlier, there were media reports that Ideality was contacting Beijing Hyundai and hoped to receive its first factory that had stopped production. At present, the Beijing base is expected to be officially put into production at the end of this year. In addition, it is reported that the production plan of the ideal third factory, Chongqing production base, has stopped.

According to "Buer Research", if we want to achieve production and sales of 1.6 million vehicles in 2025, we need a strong production capacity reserve. The only Changzhou factory and Beijing factory may not have enough production capacity to carry their delivery demand, so the construction of new factories is imminent.

Previously, compared with the other two new car-making forces, the ideal offline layout was not dominant and is currently accelerating.

By June 30, 2023, LI had operated 331 retail stores covering 127 cities. In addition, LI operates 323 after-sales maintenance centers and authorized car body and painting centers in 223 cities.

When Internet companies such as Baidu and Xiaomi went off to build cars one after another, the war of new energy vehicles intensified. Regarding the cross-border showstopper, Li wants to speak frankly about the car, saying that the car sales can’t be faked, and the final development depends on the final product.

Although LI is speeding up its running, will Li Xiang’s Flag fall down under many skinny realities?

"Ideal" meets the cold reality

Although the ideal delivery volume since 2023 has been leading the new domestic car-making forces, LI still considers 2023 as "Alexander". In particular, the head car companies headed by Tesla started a price war, which caught the industry off guard.

However, as a "hardware for traffic portal, software for charging service", Tesla model seems to bring new imagination space for new energy vehicles.

When the income of Tucki XPILOT software and Weilai NIOPILOT software increased, Li Xiang declared: "The new Li ONE autopilot is standard, and the future ideal will not charge for autopilot".

"With the development of smart cars, there will be more and more usage scenarios for users and more and more business models." Li wants to put his hopes on another possibility of business model innovation, but it needs to be built on the basis of ownership.

Che Gewana once said, let’s be loyal to our ideals and face reality. On the increasingly crowded track, Li wants to be loyal to his ideals, but he also needs to face reality: the day after tomorrow of new energy vehicles is beautiful, and today is very difficult. The key is whether he can survive tomorrow.

Some references in this article:

1. LI, Sorry for the Old Car Owner, Sina Technology.

2. Li Xiang with Ideal, Taber.com.

3. "The listing price of LI and Hong Kong is HK$ 118, which is 21.3% lower than the suggested subscription price", Caixin.com.

5. "LI’s second-quarter earnings revenue increased significantly, and the decline in US stocks reflected investors’ concerns", interface news.

6. Ideal sells crazy, but it can’t relax its vigilance. Connect sight.

Where is the network anchor’s "job-hopping" road?

  BEIJING, Oct. 14 (Xinhua) Recently, the popular anchor Ti mo Feng sent Weibo, saying: "The contract with DouYu has expired, and future cooperation is still under negotiation … … 。” Weibo, who is less than 100 words, caused a hot discussion among netizens, and once pushed Ti mo Feng to a hot search in Weibo.

  Netizens are guessing, where is Ti mo Feng’s next stop? Where to? This may be a difficult choice for online celebrity anchors represented by Ti mo Feng in their career development.

  From Ti mo Feng’s announcement of her freedom to her negotiation with Tik Tok Platform, all the signs show that Ti mo Feng wants to make a leap from online celebrity to a star. Her subsequent development will also become a typical sample for the outside world to observe the development of online celebrity anchor.

  Ti mo Feng won a large number of fans on the live broadcast platform with her beautiful voice. Not long ago, she also held a solo concert in her hometown of Chongqing and attended variety shows such as talk shows. After moving to Tik Tok, Ti mo Feng has reached more than 30 million fans, trying to compete with first-line traffic stars such as Show Lo, Joker Xue and Yang Mi for fans and attention.

  Although he occasionally ranks in the TOP10 of Tik Tok’s celebrity love dou list, Ti mo Feng may still have a long way to go to achieve the leap from online celebrity to celebrity.

Screenshot from the network Weibo

Screenshot from the network Weibo

  What is the work and commercial value?

  For example, Show Lo, who ranks in the forefront of Tik Tok, has made numerous films and TV songs for more than 20 years, and his hosting programs are deeply rooted in the hearts of the people. Joker Xue won numerous music awards and was very popular. These stars also have commercial value, such as the release of Jay Chou’s new song, which earned 15 million music revenues overnight, which fully reflects the strong commercial appeal of the stars.

  On the other hand, Ti mo Feng has gained some fans with several music works since her debut, but it is also confined to the live broadcast circle, far from reaching the popularity of first-line stars. More importantly, she didn’t come up with bright works to establish her star status.

  In terms of revenue, in September 2019, Ti mo Feng’s data of small gourd ranked 38th on the fighting platform, with 895,000 monthly active fans in the live broadcast room and an average monthly reward of 209,000. Its income index ranks 30th in Betta platform, popularity index ranks 75th in Betta platform, and powder increasing index ranks 57th. The three indices in August ranked 43rd, 52nd and 28th respectively. Thus, Ti mo Feng’s commercial value is far from matching her status as a "fighting fish elder sister".

  Does online celebrity anchor have strong entertainment system support?

  A online celebrity wants to become a star, which requires not only his own professional ability, but also a perfect entertainment system. This entertainment system is rooted in the entertainment market, and it continuously supports a star’s popularity and market recognition through a series of means such as artist training, brand packaging, resource promotion, exposure and publicity. However, online celebrity anchor is rooted in the live broadcast soil and lacks the support of this entertainment system. It is very difficult to achieve the leap from anchor to star.

  Then there is the short life cycle of online celebrity anchor. There is even a saying in the industry that online celebrity’s life cycle is only two years. For the predictable aesthetic fatigue of users, most anchors may not escape this fate. Fans like anchors that provide novel perspectives and unique experiences. When people get used to this method, they will get bored and finally start to pursue the next online celebrity. Therefore, under such circumstances, online celebrity anchor should extend his life cycle in the fields he is familiar with and good at. However, online celebrity anchor’s pursuit of stardom still faces great challenges.

  What is the geometry of the anchor winner of job-hopping

  If Ti mo Feng moves to Tik Tok, will it bring her a leap forward? On the contrary, many anchors have switched to other platforms, but few have developed better than before. For example, Brother Snake, the anchor of the fighting fish Jedi survival plate, quickly became popular because of his sharp play, handsome face and fighting fish flow blessing. However, in the end, Brother Snake broke his contract and left Betta, and went to Huya for live broadcast. His popularity declined and gradually became a second-line anchor. In addition, there are anchors such as Hyun Shen, Du Ji, Bai Yinfei, Bao Zi, etc. After they left the original platform, their status and popularity were not as high as before.

  Industry analysts believe that this is related to the anchor not adapting to the new environment. On the original platform, the anchors are familiar with the ecological environment of the platform, and it is easy for the anchors to achieve the best live broadcast state. Once you switch to other platforms, the unfamiliar environment will affect the performance of the anchors. Secondly, this is related to the platform operation strategy. The anchor switched to other platforms, and these platforms hope that the anchor can bring fans to the new platform. But now the high-quality content of the platform leads to very high stickiness of fans. Only a few will migrate to other platforms with the anchor. Once the platform finds that these anchors can’t bring the expected traffic and revenue, it will reduce resource support and anchor revenue, and some anchors even return to the original platform.

  Where should Ti mo Feng go? No matter how Ti mo Feng chooses, it shows the career development dilemma of online celebrity anchor. Faced with such a dilemma, Ti mo Feng may be the best choice to stay in Betta. After all, Ti mo Feng has been fighting fish for five years, Ti mo Feng and her fans are familiar with the ecology of fighting fish, and fighting fish has also made Ti mo Feng. The cooperation between the two sides may give Ti mo Feng more room for imagination in the future.

The first computer in new China: from scratch, it ranks among the top in the world.

  China news agency, Beijing, September 6 (Chen Ying) As the world’s largest computer manufacturing base, China’s computer industry has now ranked first in the world.

  According to the data released by the "2019 World Computer Conference" held in July this year, in 2018, China’s computer industry achieved a main business income of 1.95 trillion yuan, an increase of 8.7% year-on-year; The output of microcomputers is 310 million, and the annual output of servers reaches 2.952 million.

  It is hard for people today to imagine that China’s first electronic computer — — 103 computers, covering an area of 40 square meters, with an operation speed of only 30 times per second.

  In January 1953, Hua Luogeng was ordered to set up the first computer research group in China in the newly established Institute of Mathematics of China Academy of Sciences, with Professor Min Dake of Tsinghua University Electrical Engineering Department as the team leader. The goal of this group was to develop China’s own computer.

  In April 1956, when Premier Zhou Enlai personally led the formulation of a 12-year long-term outline of scientific and technological development, Hua Luogeng was appointed as the head of the computing technology planning group, responsible for drafting the blueprint for the development of computer industry in China. As a result of the implementation of the plan, the Institute of Computing Technology of Chinese Academy of Sciences was born.

  In 1956, the Preparatory Committee of Institute of Computing Technology of Chinese Academy of Sciences was established in China, and the design of the first small computer 103 in China was completed. It took 8 months for the State-owned 738 Factory to manufacture this computer.

  In the field of computers, everything is "big" at the beginning. The first computer in New China covers an area of 40 square meters with only a few large cabinets in the mainframe, and there are nearly 4,000 semiconductor germanium diodes and 800 electron tubes in the body.

  On August 1st, 1958, Computer 103 completed the operation of four instructions, which marked the official birth of the first universal digital electronic computer made by China people.

  The 103 computer adopts magnetic core and drum memory, the memory is only 1KB, and the operation speed is 30 times per second. Only one year later, the 104 computer came out successfully, and the computing speed increased to 10 thousand times per second. From 30 times to 10 thousand times, it only took more than a year.

  Since the founding of New China 70 years ago, China’s computer R&D and manufacturing have not only developed from scratch, but also reached the forefront of the world.

  Supercomputer is a kind of computer with the strongest function, the fastest operation speed and the largest storage capacity. It is mostly used in national high-tech fields and cutting-edge technology research, and is one of the important indicators to measure the level of national scientific and technological development and comprehensive national strength.

  The first billionth supercomputer in China was "Yinhe -I" developed by the Computer Research Institute of National University of Defense Technology. Its operation speed is more than 100 million times per second.

  “银河-I”研制始于1978年5月,在1983年12月通过国家鉴定。在1984年,“银河-I”模型还在天安门前参加了新中国成立35周年国庆检阅。

  资料图:超级计算机“天河二号”。 刘曼 摄

  “银河”之后还有“天河”。2013年6月,“天河二号”摘夺世界超算500强桂冠,中国超级计算机研制达到了世界领先水平。

  2016年6月,世界首台峰值运算能力超过每秒10亿亿次、拥有千万核的超级计算机“神威·太湖之光”诞生,此后连续四次雄踞“全球超级计算机500强”榜首。

  今年6月17日,第53届“全球超算TOP500名单”在德国法兰克福举办的国际超算大会上发布。“神威·太湖之光”和“天河二号”位列第三、四名。

  而从上榜超级计算机的总数来看,中国以219台上榜系统数位列第一,美国以116台排第二。中国“超算三强”联想、浪潮、曙光分别贡献了173台、71台和63台超算。

  “天河二号”副总设计师的肖立权曾说,“走别人没有走过的路,太难!但我喜欢挑战!”中国计算机不断挑战新速度,将给中国经济社会腾飞,不断配上更好的引擎。(完)

"Tourism partner" is accused of being involved in pornography, and it is necessary to polish your eyes when holding a group to warm up.

88148d014c4c483f82228f5274bb2ca2.jpg

□ Ma Yuan (Chongqing University)

Recently, "tourism partners are accused of being involved in pornography" has attracted attention.It is reported that some netizens found on a social platform that "all-inclusive travel expenses" is becoming a code word. Under the eye-catching title of such posts, it is usually indicated that "girls only, each takes what he needs". In response to this matter, on the 30 th, the relevant staff of the social platform said that at present, a full-scale review has been carried out for the notes related to the "travel partner" in the station, and the problems reflected by the users mentioned in the article have not yet been located. Once the illegal content is verified, the illegal users will be seriously dealt with according to the law.(August 31st. China News Network)

With the fiery travel, young people are eager to complete a beautiful trip with the partners who resonate with the same frequency, and the "travel partner" comes into being. Behind the "tourism partner", it reflects the new needs of the younger generation in social and tourism consumption. They find travel companions through social media platforms or specific applications and reach a consensus on travel. This way encourages people to get out of the comfort zone, establish contact with strangers and create a unique and unforgettable travel experience together. However, the beautiful vision of sharing travel experiences has changed in social media platforms.

The emergence of new things is bound to be accompanied by some new problems, and the disadvantages of social interaction are gradually emerging. Some lawless elementsBorrowThe name of the child, the fact of illegal transactions, makes the original pure travel contract a tool for illegal crimes. Social networking with partners is plagued by abuse and misleading on social media platforms: for example, words such as "all-inclusive expenses, optional location" or "girls only, each with his own needs" appear from time to time in the copywriting, and some users even mentioned that they were asked if they were looking for a "green partner". The dissemination of this information not onlyGedaSub-socialization itself casts a shadow, which raises people’s concerns about their privacy and security. The existence of this kind of behavior has undoubtedly pushed the social interaction of partners to the forefront of morality and law, and the future development of social interaction of partners has become vague and uncertain.

The response of the platform involved has taken a positive step.DandaThe abuse of sub-socialization exists not only in one platform, but also in other social platforms. Therefore, all major social platforms should strengthen the audit mechanism, strengthen the monitoring and control of platform content, and contribute to optimizing the network ecological environment. Government departments also need to continue to exert their efforts in supervision, formulate relevant laws and regulations, and severely punish the abuse of social partners for illegal transactions. In addition, the public’s own risk awareness and moral values are equally important. Virtual identities on the Internet are often difficult to distinguish, and it is not uncommon to transmit illegal information through obvious words and expressions. In social networks, users should be rational, keep their eyes open while holding a group to keep warm, and not be blinded by superficial information to prevent the infringement of criminals.

In today’s society full of alienation and social pressure, partner socialization provides a unique and beneficial way for some people to interact. We can’t let the behavior of a few abusers,And denyThe positive value of social interaction. Therefore, all sectors of society need to work together to protect the purity and legitimacy of partner socialization, and strive to ensure that partner socialization is not distorted as a tool for illegal transactions while meeting people’s social needs, so that partner culture can continue to radiate warmth and friendliness and bring positive energy to society.

Double Pride is widely praised: animation inherits the chivalrous spirit of the East.

Recently, the 3D animation "Double Pride", adapted from Gu Long’s classic martial arts IP, presents the story of the twin chivalrous brothers "Little Fish and Hua Wuque" to the audience again with exquisite production and beautiful painting style, which awakens everyone’s memory and longing for the children in the Jianghu who are dressed in fresh clothes and brave in chivalry. On October 3rd, the animation of "Double Pride" rushed into the top ten of Tencent Animation Channel, which triggered a heated discussion among the audience. Many viewers praised it for its "authentic martial arts flavor of Gu Long" and "modeling intentions and aesthetic online". The popularity of "Double Pride" shows that animation, a popular expression for young audiences, is an effective way to spread martial arts culture and inherit chivalrous spirit.


Animated interpretation of Gu Long’s classic IP, innovative transmission of the chivalrous spirit of the East


As a leading writer of martial arts novels, Gu Long has created 57 works with more than 25 million words in his life. These works have created a series of chivalrous figures in the Jianghu, such as Xiaoyu, Hua Wuque, Li Xunhuan and Shen Lang, which convey the core of multiple chivalrous spirits such as "friendship, belief and transcendence". "Two Prides in a Family", which began to be serialized in 1966, is a masterpiece among them, and has been adapted into film and television works for many times, which is very popular among the audience.


The animated version of "Double Pride" mainly tells the story that Xiaoyu and Hua Wuque started their Jianghu trips from the Villain’s Valley and the Flower Palace respectively, and in the process, they never met each other and went to appreciate each other, and then joined forces to fight against the villains. The tortuous and bizarre life experience adds a "sad" background to the fate of the two brothers who were forced to separate since childhood. Because of this, the two people showed their indomitable and unyielding qualities in their respective growth processes, such as "getting out of the mud without being stained", which moved countless audiences.


In the animation, the two brothers joined hands with the heroine Tie Xinlan to fight against the five villains, the twelve astrologers and the villain Jiang Yulang. The wisdom, courage, sense of justice and the trust and mutual support between their peers are very suitable for the current context, full of praise for the truth, goodness and beauty of human nature and whipping the false, evil and ugly, which is of value guiding significance to young audiences.


As the first animated work in Gu Long’s martial arts IP, "Double Pride" also inherits the martial arts culture well — — This unique cultural element and valuable asset of China. For a long time, no matter how the external environment changes, Chinese people have always maintained a high degree of reverence and praise for chivalrous spirits such as gratitude, honesty and trustworthiness, once upon a time in america, etc., and thus many literary and film works have been born, constantly conveying the feelings and righteousness, kindness and warmth in the world. It can be said that "chivalrous spirit" has become one of the unique cultural business cards of the Chinese nation.


The new era needs new works and new expressions. How to make young people understand and love China’s traditional culture has always been a big problem in the process of literary and artistic creation. Especially with the development of the times, young people’s appreciation ability and aesthetic demand for literary and artistic works are increasing day by day. Only by constantly innovating expression forms on the basis of ensuring the content can we better attract the audience. The animation "Double Pride" not only restores all kinds of strange people in the rivers and lakes in Gu Long’s works, but also shows a strong antique charm and romantic atmosphere in scene modeling, painting style, soundtrack and action design. For example, the elegant and refined Flower Transfer Palace, the sinister villain’s valley and the magnificent Murong Mountain Villa are beautifully and freehand restored in the film, showing an all-encompassing river and lake scene; In addition, the title also presents the "Great War Seventeen Years ago" in the form of ink painting to the audience, highlighting the "romance and lofty sentiments" of Gulong Jianghu in all directions.


To sum up, With the help of 3D animation, a literary form popular with young audiences, "Two Prides in a Family" gives a vivid and vivid secondary image to the mysterious wonders of rivers and lakes and strange people with unique skills. At the same time, it also vividly displays many emotions such as friendship, affection, love and chivalry, so that the audience can gain a brand-new aesthetic experience while being subtly influenced by China’s traditional martial arts culture and spirit.


Martial arts culture links non-legacy handicrafts to make national culture glow with new vitality.


On November 21st, the animation of "Two Prides in a Family" joined hands with the national key non-legacy project "Wang’s Shadow Play in Huaxian County" to launch the activity of "The Swordsman’s Shadow Play resurfaces", and at the same time exposed the shadow play handicraft works of Xiaoyuer and Hua Wuque, in which Hua Wuque was armed with a long sword, wore a hairpin, dressed in blue, tied with a jade pendant and a fragrant bag, and the image of a gentle and elegant son came to the fore. The little fish holds a short knife in each hand, dressed in red cloth, tied with a rope and a bag around his waist, with weeds in his mouth and unruly eyes, and his lively and agile image temperament is also vivid; In addition, the overall line design of these two shadow puppetry works is also very fine. The lines and patterns on the clothes of Xiaoyuer and Hua Wuque are very clear, vivid and have ancient charm. Once they were launched, they won praise from the audience.


Shadow play originated in the Western Han Dynasty more than 2,000 years ago and originated in Shaanxi Province, China. In Huazhou District, Weinan City, Shaanxi Province, the hometown of shadow play in China, Wang Haiyan, the non-genetic inheritor of Wang’s shadow play, has been committed to the combination and promotion of national culture and intangible heritage for many years, and has designed many exquisite and heritage-rich handicraft works for various cultural products, including movies, cartoons and games. This time, the dream linkage between "Wang’s Shadow Play" and the animation "Two Prides in a Family" has brought the shadow play, a cultural heritage with a long history and tradition, back to the public in a younger and more dynamic way, bringing the audience beautiful enjoyment and conveying the value and charm of intangible culture to the young audience.


At the same time, martial arts culture, like shadow play, belongs to Chinese treasures, and classics need to be passed down. In this activity, the swordsman spirit carried in the classic IP of "Two Prides in a Family" was presented in a more vivid and diverse way in the combined narrative of "animation+shadow play", and the shadow play handicraft works with multiple artistic values such as aesthetics and collection were produced, which were welcomed by young audiences. This is of great significance for young audiences to feel the charm of Chinese culture and enhance their cultural self-confidence and cultural identity.


To sum up, as a Guo Man’s work adapted from the classic martial arts IP, it has both sentimental and cultural heritage value. In the cross-dimensional cooperation of "animation+martial arts", "Double Pride" shows its unique charm and is well received by young audiences, which provides a good example for how contemporary literary works can make young people better understand and accept traditional culture. (Author: Zhang Jianzhen, deputy director of Radio, Film and Television Research Center, Institute of Journalism and Communication, China Academy of Social Sciences)


China Art Newspaper (2nd edition, November 21st, 2022)


Everbright Bank held its 2023 annual performance conference.

  On the morning of March 28th, () held the 2023 annual performance conference.

  At the meeting, Wang Zhiheng, President of China Everbright Bank, said that in 2023, China Everbright Bank thoroughly implemented the spirit of the 20th Party Congress, the Central Financial Work Conference and the Central Economic Work Conference, adhered to the political and people-oriented nature of financial work, adhered to the general tone of striving for progress while maintaining stability, earnestly carried out thematic education, further promoted inspection and rectification, continuously promoted high-quality development, and achieved positive results in all aspects of work.

  Wang Zhiheng said that in the next step, China Everbright Bank will resolutely implement the decisions and arrangements of the CPC Central Committee on financial work, fulfill the responsibilities and missions of the financial enterprises in charge, and provide more accurate, high-quality and efficient comprehensive financial services for the high-quality development of the real economy with practical actions and pragmatic measures. Do a solid job in the "five major articles" of finance, optimize the debt structure, consolidate the customer base, continue to create wealth management characteristics, adhere to the compliance bottom line, enhance risk management and control capabilities, and accelerate the digital transformation. Adhere to the initial intention, forge ahead, unswervingly follow the road of financial development with China characteristics, and make great contributions to the construction of a financial power with its own high-quality development.

  Wang Zhiheng answered questions from banking analysts. When talking about the strategic optimization focus of China Everbright Bank, Wang Zhiheng said that China Everbright Bank will strive to build a professional, distinctive, influential and competitive state-owned joint-stock commercial bank according to the development idea of "12345". "1" is to uphold and strengthen the overall leadership of the party; "2" is based on serving the real economy and high-quality development; "3" is the business transformation index of anchoring AUM, FPA and GMV; "4" is to build four key characteristic areas: wealth management, comprehensive services, transaction banking and scene integration; "5" is the implementation of five capacity-building projects: customer group management, risk management, scientific and technological support, product aggregation and team specialty, and provides strong support for comprehensively promoting the construction of a strong country and national rejuvenation with Chinese modernization with first-class financial services.

  The management of China Everbright Bank also communicated with analysts, media reporters and small and medium investors on issues such as serving the real economy, retail business, financial technology, inclusive finance, risk management and asset quality, scenario finance and wealth management business.

  (), CITIC Securities, () Securities, Goldman Sachs Group, JPMorgan Chase, HSBC, Bank of America Merrill Lynch and other well-known investment bank analysts at home and abroad, as well as media reporters such as People’s Daily, Xinhua News Agency, Economic Daily, Financial Times, China Bank Insurance News, shanghai securities news and 21st century business herald attended the performance conference through on-site or teleconference. Sina Finance conducted a live video broadcast of the performance release activities.

Live up to the times and inspire youth! The press conference of "Classic Chanting, Being Youth" was held.

  On April 24th, the press conference of the large-scale music and cultural program "Classic Ode to Youth" jointly created by the Literary Program Center of the Central Radio and Television General Station and CCTV Creative Media Co., Ltd. was held in Beijing. At the press conference, the highlights of this season’s program innovation were introduced, and the theme song of the program was officially released.

  Zhang Guofei, Convenor of the Cultural and Art Program Center of the General Desk, Huang Xiaoju, Deputy Director of the Art Department of the Ministry of Culture and Tourism, Guo Tong, General Manager of Central Video Media Development Co., Ltd. and Party Secretary and Chairman of CCTV, Liao Changyong, Dean of Shanghai Conservatory of Music, Kang Zhen, Vice President of Beijing Normal University, Wang Lijun, Dean of the College of Arts of Beijing Normal University, Lin Yuan, Director of the Large-scale Activity Center of the Cultural and Art Program Center of the General Desk, Tian Mei, producer of "Classic Ode", Wang Chuanyue, a professor of the Central Conservatory of Music,

  Ancient and modern ensemble traditional culture "Zhengqing Youth" 

  Five thousand years of culture, three thousand years of poetry, our culture has never stopped. Poetry has cultivated the inexhaustible spiritual source of Chinese culture, built an eternal and beautiful China, and the poems that have been circulated for thousands of years can still cross time and space and have emotional resonance with modern people. For a long time, "Classic Chanting" has harmoniously integrated Chinese classic poetry and modern pop music with the original mode of "harmony with poetry and song", so that more classics can be seen and heard.

  Huang Xiaoju, deputy director of the Art Department of the Ministry of Culture and Tourism, said in his speech: "Classic Chanting is a cultural program deeply loved by the people. It has always adhered to the socialist core values as the guide, adhered to the position of Chinese culture, actively promoted the creative transformation and innovative development of poetry art, and reflected the national spirit, the style of the times and the life style with strict content selection, in-depth thinking and exquisite artistic creation, providing a large number of high-quality literary works for the audience.

△ Zhang Guofei, Convenor of the Literature and Art Program Center of the Central Radio and Television General Station, delivered a speech

△ Huang Xiaoyu, Deputy Director of the Art Department of the Ministry of Culture and Tourism, delivered a speech

  Huanxin upgrades the classic IP "Zhengqing" 

  As of April 24th, since the six seasons of Classic Poems, a total of 303 classic poems have been sung, 338 groups of classic singers have been invited and 338 classic music works have been created, and this number is still increasing. The new season "Classic Chanting" is a brand-new starting point. The program focuses on the theme of "just youth" and strives to achieve breakthroughs in multiple dimensions.

  Zhang Guofei, convener of the Cultural Program Center of the General Station, said: "The brand-new launch of" Classic Ode to Youth "is that the General Station adheres to ‘ People-centered ’ Further implement the creative concept of ‘ Creative transformation and innovative development of Chinese excellent traditional culture ’ Another masterpiece of the policy. The program will surely become another example of the integration of traditional culture and contemporary expression innovation. "

  Program producer Tian Mei introduced the highlights of program innovation on the spot. Ideologically, the program takes "just youth" as the core theme, gathers youthful strength from poetry classics, highlights youthful vitality in music creation, and endows traditional classics with more vigorous vitality and communication power; In the lineup, the program cooperated with several professional art academies to create literary and artistic masterpieces, and invited many experts and scholars in the fields of culture and music to expand the appreciation dimension, further enhancing the musicality, professionalism and cultural connotation of the program content; In addition, the program also links many primary and secondary schools across the country, inviting youth representatives to participate in classic singing, showing the elegance of young people in the new era with a youthful spirit, and practicing "educating people with aesthetic education and educating people with culture".

  Liao Changyong, Dean of the Shanghai Conservatory of Music, expressed his expectation for the program at the scene: "The Classic Ode is a perfect combination of poetry and music, and it has truly achieved ‘ 1+1 is greater than 2’ The artistic effect of. We often say ‘ Poetry ’ This word, poetry and songs will always be together. I hope that more excellent poetry works will be recommended to you on this stage, and I hope that more well-composed songs and truly classic songs will be introduced on this stage. "

△ Liao Changyong, Dean of Shanghai Conservatory of Music, had an interactive conversation with host Sa Beining.

  Kang Zhen, vice-president of Beijing Normal University, said, "The classics are passed down and passed down forever. Times are different, but youth comes down in one continuous line. "Classic Poem, Being Youth" actively seeks the convergence between traditional culture and modern values, refines the cultural connotation that meets the needs of the times from classic poems, establishes the aesthetic resonance and spiritual resonance of young people with the voice of youth, and makes more young people become the inheritors and innovators of Chinese traditional culture silently. "

△ Kang Zhen, Vice President of Beijing Normal University, delivered a speech

  Wang Lijun, Dean of the College of Literature of Beijing Normal University, said: "Beijing Normal University is an old friend and good partner of the program" Classic Ode to Youth ".We are very happy to shoulder the mission of the times better with the general station and the program group, and strive to explore an effective way to transform cultural resources and cultural research results into cultural communication, and work together to create a masterpiece with educational, cultural and contemporary significance, so as to truly realize the cultural ‘ Live ’ Get up, let the beauty of classics and culture enter people’s hearts more and better, and contribute more to telling the story of China and showing the youthful China style. "

△ Wang Lijun, Dean of the College of Liberal Arts of Beijing Normal University, delivered a speech

  The whole people sang "Positive Youth", the step of forging ahead. 

  At the press conference, the theme song "Heart has a Direction" of the program "Classic Ode to Youth" was also announced. The song was written and sung by Vae and played by Lang Lang on the piano. Focusing on the theme of "just youth", the melody is progressive from gentle to passionate, expressing the spirit of "just youth" with a clear mind, down-to-earth and unafraid of difficulties. At the same time when the song was released, the program also launched the activity of "Creating a Heart-oriented MV with the Whole Network" on the Internet, inviting netizens to perform "Heart-oriented MV" in various ways, such as cover, second creation, musical instruments, dance, etc. High-quality content will be included in the official video, and participants will have the opportunity to become the protagonist of "Heart-oriented MV" together with Vae and Lang Lang.

  Wang Chuanyue, Phoenix Legend and Dong Baoshi, guests of the new season program, expressed their feelings and thoughts about participating in this season’s recording and shared their feelings about this season’s theme.

△ Professor of Central Conservatory of Music, tenor singer Wang Chuanyue, pop group Phoenix Legend, and music singer Dong Baoshi have an interactive conversation.

  In addition to the leaders and guests present, Yu Feng, Dean of the Central Conservatory of Music, Zhuge Yannan, Secretary of the Party Committee of china opera, and Jing Xiaoyong, Secretary of the Party Committee and Chairman of China Oriental Performing Arts Group, also expressed their congratulations and expectations to the program’s launch through video. Yu Feng said: "The classic" is a new release, and many excellent teachers, students and graduates from our college have participated in the creation and singing of the program, adding new vitality and communication to traditional culture with practical actions. " Zhuge Yannan said: "As a literary and art worker, I am very happy to see the brand-new launch of" Classic Ode to Youth ". I hope that this season’s program will make the definition of youth broader, and I also hope that the program will make traditional culture bloom with different vitality. " Jing Xiaoyong believes: "As a cultural program deeply loved by the audience," Classic Chanting "has passed ‘ Harmony with poetry and song ’ The form, which combines Chinese classic poetry with modern pop music, provides many excellent works for the audience. We believe that "Classic Chanting is Youth" will continue to sing the main theme of the new era and show the spirit of China people through the diverse integration of music and poetry, with exquisite masterpieces with rich feelings and profound skills. "

△ Tian Mei, the producer of "Classic Ode", introduced the highlights of this season’s program.

  Live up to the times and inspire youth! Qinghua Lang’s "Classic Ode to Youth" will be broadcast on CCTV-1 during the May Day holiday, and will lead the audience to start a new poetic youth journey with innovative presentation, so stay tuned.

The press conference of Jiangxi Provincial People’s Government on "Perfecting the Arbitration System and Improving the Arbitration Credibility" was held in Nanchang.

Press conference site (photo by Huang Yuting)

On October 15th, the Information Office of Jiangxi Provincial Government and the Provincial Department of Justice jointly held a press conference on "Improving the Arbitration System and Improving the Arbitration Credibility". Gong Hexing, deputy director of the Provincial Department of Justice, introduced the implementation opinions on improving the arbitration system and improving the credibility of arbitration in our province. Yang Guoan, full-time member of the Judicial Committee of the Provincial Higher People’s Court, Zhou Huaai, vice chairman of the Provincial Federation of Industry and Commerce, Wan Xiu Qi, deputy mayor of Nanchang Municipal People’s Government, and Zhang Zhonglan, director of the Notarization and Arbitration Division of the Provincial Department of Justice, attended the press conference and answered questions from reporters. Li Feng, deputy director of the Foreign Information Office of the Provincial Government Information Office, presided over the press conference. 

Li Feng, Deputy Director of the Foreign Information Office of the Provincial Government Information Office (photo by Huang Yuting)

Li Feng:

Dear journalists and friends,

Good afternoon, everyone. Welcome to the press conference of the Provincial Government Information Office.

Arbitration is an internationally accepted way to solve disputes, and arbitration law is an important law to solve civil and commercial disputes in China. In order to implement the requirements of the Central Committee for arbitration and better promote the healthy development of arbitration in our province, on September 23rd, the General Office of the Provincial Party Committee and the General Office of the Provincial Government issued the Implementation Opinions on Improving the Arbitration System and Improving the Arbitration Credibility (hereinafter referred to as the Implementation Opinions).

This morning, we are very pleased to invite Mr. Gong Hexing, member of the party group and deputy director of the Provincial Department of Justice, Mr. Yang Guoan, full-time member of the Judicial Committee of the Provincial Higher People’s Court, Ms. Zhou Hua Ai, vice chairman of the Provincial Federation of Industry and Commerce, Mr. Wan Xiu Qi, deputy mayor of Nanchang Municipal People’s Government, and Ms. Zhang Zhonglan, director of the Notarization and Arbitration Division of the Provincial Department of Justice, and ask them to introduce the implementation opinions and answer questions from reporters.

Next, please introduce the relevant information to Deputy Director Gong Hexing.

Gong Hexing, Deputy Director of the Provincial Department of Justice (photo by Huang Yuting)

Gong Hexing:

Dear journalists and friends,

Good afternoon everyone!

On August 30, 2019, the Sixth Meeting of the Comprehensive Deepening Reform Committee of the Provincial Party Committee reviewed and passed the "Implementation Opinions of Jiangxi Province on Improving the Arbitration System and Improving the Arbitration Credibility". On September 23, the General Office of the Provincial Party Committee and the General Office of the Provincial Government issued the "Implementation Opinions on Improving the Arbitration System and Improving the Arbitration Credibility" (Gan Ban Zi [2019] No.31, hereinafter referred to as the "Implementation Opinions"), requiring all localities and departments to conscientiously implement it in light of the actual situation. Today, mainly through the influential platform of the provincial government press conference, we briefly introduce the implementation of the central document and the implementation opinions issued by our province to friends in the press.

I. Relevant background and main features of the Implementation Opinions.

Arbitration is an internationally accepted way to solve disputes, and Arbitration Law is an important law to solve civil and commercial disputes in China, which has the institutional advantages of respecting the parties’ autonomy, convenience and efficiency. Arbitration, together with mediation, administrative adjudication, administrative reconsideration and litigation, has become an important part of diversified dispute resolution mechanism. Over the past 25 years since the promulgation of the Arbitration Law, arbitration institutions have closely focused on the work of the party and the state center, consciously served the overall situation of economic and social development, and properly resolved a large number of disputes. By the end of 2018, a total of 255 arbitration committees had been established nationwide, handling more than 2.6 million cases of various types, with a target amount of more than 4 trillion yuan, involving more than 70 countries and regions. The 12 arbitration institutions in our province have accepted more than 14,200 cases of various types, with a bid of 36 billion yuan, which has made important contributions to the economic and social development of our province. However, there are also some problems, such as political affairs are not divided, the management system is not smooth, the internal governance structure is not perfect, the competitiveness is not strong, the supervision and restriction mechanism is not perfect, and the support guarantee is not in place, which affects the credibility of arbitration and restricts the healthy development of arbitration.

The CPC Central Committee and the State Council attached great importance to arbitration. The Fourth Plenary Session of the 18th CPC Central Committee put forward the reform task of "improving the arbitration system and enhancing the credibility of arbitration", and the 19th CPC National Congress put forward to strengthen the construction of mechanisms to prevent and resolve social contradictions, which opened a new journey for the development of arbitration in Socialism with Chinese characteristics. In December last year, the General Offices of the General Office of the Central Committee of the CPC and the State Council issued Several Opinions on Improving the Arbitration System and Improving the Arbitration Credibility (No.76 [2018] of the Central Office, hereinafter referred to as "Several Opinions"), which pointed out the direction for the reform and development of arbitration in the new era and provided fundamental follow-up. In March this year, the National Arbitration Work Conference was held in Shanghai, and the proposal of "China Arbitration 2022" was put forward, which called for improving the arbitration system and enhancing the credibility of arbitration, implementing the arbitration law as the main line, perfecting the arbitration system and mechanism, constantly enriching the arbitration service mode, strengthening the construction of arbitration institutions and talent teams, and comprehensively improving the quality of arbitration.

The main features of our province’s "Implementation Opinions":

The first is to mark the center of the table. Focusing on the requirements of "improving the arbitration system and improving the credibility of arbitration" put forward by the central government, the tasks are decomposed and the measures are refined from the perspectives of implementing the arbitration legal system, improving the work management system, optimizing the governance structure and standardizing the development order of the industry. The second is to emphasize implementation. According to the system design, reform ideas and work requirements put forward in Several Opinions, combined with the actual situation in our province, specific projects are extracted, and the responsible units are determined to implement each item in the Implementation Opinions. The third is to pay attention to work innovation. In view of the fact that the arbitration work in our province has little influence and radiation ability, we should increase overall support and talent support, encourage the arbitration commission to reform and innovate in the system and mechanism, and demand that it be linked with the central and provincial classification to promote the reform of public institutions, which is in line with the spirit of the central government and the development trend of arbitration.

Second, the main contents of the "Implementation Opinions"

The Implementation Opinions consists of six parts, which are divided into 21 tasks and expressed in the logical order of "improving the arbitration system and improving the credibility of arbitration". First of all, improve and implement the arbitration system from two aspects: strictly implementing the arbitration legal system and rationalizing the arbitration management system; Then, we should pay close attention to optimizing the internal governance structure of arbitration institutions, strengthening the construction of arbitration professionals and cleaning up and rectifying the development order of arbitration to promote the credibility of arbitration. In addition, in view of the current situation that the development level of arbitration in our province is not high enough, the influence is small, and the regional radiation is not strong, a special train is set up to require relevant units to increase their support for arbitration work in various directions.

(1) Strictly implement the arbitration legal system. This is the basic point of the system, which strictly guarantees the implementation of the arbitration legal system in our province and strictly regulates the establishment and change of the arbitration commission. Strictly manage the branches of the Arbitration Commission and standardize its establishment procedures. If it is required that the Arbitration Commission and its offices be used as internal organs or subordinate units of administrative organs, the decoupling of people and property shall be completed before the end of this year, and the independent work of the Arbitration Commission shall be guaranteed without interference according to law.

(2) Improve the management system of arbitration. This is the fulcrum of work, and it is clear that we should pay close attention to the establishment of Jiangxi Arbitration Association and strengthen the self-discipline management of the industry. Standardize and strengthen the registration management of arbitration institutions, constantly improve the supervision and management system of arbitration work, and straighten out the responsibilities and authorities of the municipal government, the Municipal Bureau of Justice and the Provincial Department of Justice at all levels. In accordance with the principle of "who sets up, who is responsible and who supervises", the established municipal government performs the main responsibility of supervision, the municipal judicial bureau is entrusted by the municipal government to contact the arbitration work, and the provincial judicial department undertakes the arbitration work assigned by the provincial government, guiding and supervising the relevant localities and departments to do a good job in the implementation of the arbitration law and relevant policies of the central government.

(3) Optimizing the internal governance structure of the Arbitration Commission. This is a difficult point in the reform. We should strengthen the self-construction of the Arbitration Commission and strengthen its status as an independent legal person. Strict composition of the Committee, giving the Committee the right to decide on major issues. Study and implement the organic combination of the independent award of the arbitral tribunal and the management of the committee, improve various internal control systems, strictly implement the challenge system, and implement the systems of reviewing and reading arbitral awards, expert consultation on arbitration cases, and information disclosure of arbitrators to ensure the quality of arbitral awards. We will promote the pilot reform of arbitration institutions in an orderly manner and stimulate the endogenous motivation of offices. According to the requirements of promoting the reform of public institutions by classification, properly resettle the staff in the office, and rationally divert the staff to solve the problem. This work has been strongly supported by relevant departments such as the Provincial People’s Social Welfare Department.

(4) Strengthening the construction of arbitration professionals. This is the highlight of opinions. We should improve the selection and management of arbitrators, promote the professionalization of arbitration secretaries, continuously increase the training of arbitration professionals, build a team of arbitration professionals, improve their professional level, and provide professional support for improving their credibility. The reason why the construction of arbitration team is highlighted is that the development of arbitration depends on the support of talents, which has been approved by the Ministry of Justice.

(5) Increase support for arbitration. This is the focus of career development, strengthen the leadership of the party, and realize the full coverage of the arbitration industry by the party organization by 2020. Fully perform government duties, incorporate the development of arbitration into the local economic and social development and the evaluation system of the government ruled by law, promote arbitration to actively participate in grassroots social governance, ensure that arbitration will be stationed in the three platforms of public legal service entities, hotlines and networks before the end of this year, and ensure that the arbitration commission enjoys independent autonomy in people and property according to law. Improve the linkage mechanism of judicial supervision and increase judicial support for arbitration.

(six) to strengthen supervision and standardize the development order of the industry. Carry out special actions to clean up and rectify the development order of the arbitration industry, strengthen the supervision of employees, give play to the role of social supervision, standardize the development order of the industry, and enhance the social credibility of arbitration.

Dear journalists and friends, Jiangxi Arbitration will firmly grasp the historical opportunity, always adhere to the correct political direction and scientific professional service direction, take safeguarding fairness and justice as the foundation, improve credibility as the starting point, focus on resolving contradictions and disputes, provide high-quality and efficient arbitration services, and help the province’s economy and society develop by leaps and bounds. I sincerely hope that friends in the press will pay more attention to, care for and support the cause of arbitration in our province and help the healthy and orderly development of arbitration in our province.

I’ll stop here. Thank you!

Li Feng:Thank you, Deputy Director Gong Hexing, for your introduction! Let’s enter the question session. Please raise your hand and inform your news organization. Thank you!

Nanchang Radio reporter (photo by Huang Yuting)

Nanchang Radio reporter:We have noticed that the documents of the two offices have clearly defined a principle, that is, "who sets up, who is responsible and who supervises", and the arbitration commission of our province is set up by the municipal government with districts. Article 14 of the Arbitration Law clearly stipulates that "the Arbitration Commission is independent of the administrative organ and has no subordinate relationship with the administrative organ". I would like to ask Vice Mayor Wan Xiu Qi, who is responsible but not responsible. This seems to be a contradiction. Then, how can the government strengthen its support and guidance for the development of arbitration?

Wan Xiu Qi, Vice Mayor of Nanchang Municipal People’s Government (Photo by Huang Yuting)

Wan Xiu odd:Thank you for your question. You are very careful.

This time, the biggest feature of the provincial party Committee document is also the biggest highlight of the reform and development of arbitration in our province, which is to clarify the management system and mechanism of arbitration work. The "Perfecting the Supervision and Management System of Arbitration" in the second point and the fifth point of the document clearly stipulates that the established municipal government shall perform the main responsibility of supervising the arbitration commission; The Municipal Bureau of Justice is entrusted by the municipal government to contact the arbitration work; The Provincial Department of Justice guides and supervises the relevant localities and departments to implement the arbitration law and relevant policies of the central government, and undertakes the relevant arbitration work assigned by the provincial government. Thus, from the external management system level, the responsibilities and authorities of the municipal government, the municipal judicial bureau and the provincial judicial department are straightened out. It has broken the ambiguous management of arbitration institutions in our province for many years.

The arbitration law proposed by a reporter friend stipulates that the arbitration commission is independent of the administrative organ and has no subordinate relationship with the administrative organ, which means that arbitration should be carried out independently according to law without interference from the administrative organ. However, it does not mean that the arbitration institutions established by the government do not need any supervision and control, but should strengthen management and help support from the organization and outside.

In reality, some government functional departments in our province regard the arbitration commission as an internal organization or subordinate unit for a long time because of the origin of the establishment of the arbitration commission, which does not meet the requirements of the arbitration law and the central documents. In this regard, our province’s documents clearly require that any arbitration commission and its offices as internal organs or subordinate units of government departments should complete the decoupling of people and property before the end of this year. As a provincial capital city, Nanchang will take the lead in implementing the spirit of the documents of the Central Committee and the Provincial Party Committee, support and guarantee the autonomy of the Arbitration Commission in personnel, finance, salary system, etc., and give full play to the role of the Arbitration Commission in the diversified dispute resolution mechanism. In addition, the provincial party Committee documents also comprehensively sort out the responsibilities and support obligations that the government should bear in promoting the development of arbitration.

Jiangxi Internet reporter (photo by Huang Yuting)

Jiangxi Internet reporter:Arbitration, as a main legal system to solve civil and commercial disputes besides litigation in people’s courts, has become an important part of diversified dispute resolution mechanism. At the same time, judicial review of arbitration is an important content of arbitration laws in various countries and an important part of the design of arbitration top-level system. Excuse me, Yang Special Committee, how will the courts in our province strengthen the supervision and support of arbitration?

Yang Guoan, a full-time member of the Judicial Committee of the Provincial Higher People’s Court (photo by Huang Yuting)

Yang Guoan:Judicial review of arbitration in China includes support and supervision. In recent years, in accordance with the overall arrangement of the Fourth Plenary Session of the 18th CPC Central Committee "improving the arbitration system and enhancing the credibility of arbitration" and a number of judicial interpretations and normative documents issued by the Supreme People’s Court, courts in our province have properly handled arbitration judicial review cases and executed arbitration award cases in accordance with the law, made efforts to create an arbitration-friendly judicial supervision environment, increased support for arbitration, standardized the people’s courts’ exercise of arbitration judicial review power, and guaranteed and promoted the improvement of arbitration credibility. The main measures are as follows: First, the courts in the province earnestly implement the relevant judicial interpretation requirements, pay equal attention to support and supervision, encourage and standardize peers, support the arbitral awards made according to law, and provide strong judicial guarantee for improving the quality of arbitration. The second is to standardize the judicial review of arbitration and unify the judicial review standards of court arbitration in the province. Therefore, on the basis of investigation, our institute has formulated and promulgated the Guidelines for the Trial of Arbitration Judicial Review Cases of Jiangxi Higher People’s Court, which requires the courts in the whole province to conscientiously implement it, further tighten the arbitration judicial review procedures, and ensure the quality of arbitration judicial review cases. The third is to actively build an exchange platform and improve the docking mechanism of litigation and adjudication. At present, we are coordinating with the Provincial Department of Justice to jointly issue relevant guiding opinions on establishing the linkage mechanism between litigation and arbitration in our province in a timely manner. I believe that the promulgation of opinions will continuously improve the judicial review mechanism of arbitration in our province and further promote the development of arbitration in Jiangxi.

China Jiangxi Network reporter (photo by Huang Yuting)

China Jiangxi Network reporter:As we know, the arbitration system originated in Europe, and the earliest arbitration institution was the product of the activities of the chamber of commerce in the 19th century. After the introduction of arbitration system in China, the biggest contradiction and dispute solved is also in the commercial field. Practice has also proved that the arbitration system has played a very important role in the development of China’s commerce. Excuse me, Vice Chairman Zhou Huaai, how will the business circles in our province play the role of arbitration in commercial disputes?

Zhou Huaai, Vice Chairman of the Provincial Federation of Industry and Commerce (photo by Huang Yuting)

Zhou Huaai:Thank you for your question. You have a comprehensive understanding of the context of the civil and commercial arbitration system. Indeed, as early as ancient Greece in Europe, the arbitrator system has been used by Mediterranean coastal city-states and ports to solve commercial and maritime disputes, and even disputes between city-states It is basically after entering the stage of free market economy that the state recognizes and regulates arbitration in legal form. China has introduced the civil and commercial arbitration system since the 1990s. Before that, it was basically an administrative ruling with a strong administrative color. On August 31, 1994, the Ninth Session of the Eighth the NPC Standing Committee deliberated and passed the People’s Republic of China (PRC) Arbitration Law, which came into effect on September 1, 1995. This marked the formal establishment and operation of China’s modern civil and commercial arbitration system, and legally entrusted the Chamber of Commerce with the responsibility of participating in the establishment of arbitration institutions. For more than 20 years, arbitration has played an important role in solving commercial disputes, creating a good business environment, helping Chinese enterprises to go global and participate in international competition. The promulgation of the provincial party Committee document is an important and favorable thing for the business community in our province, and the business community will conscientiously implement the spirit of the document. First, actively participate in the formation of the arbitration commission, increase the proportion of business people in the members of the arbitration commission, and actively contribute to the construction of institutions and organizations. This is the right and obligation given to the Chamber of Commerce by the Arbitration Law. The second is to participate in the preparation and establishment of the Arbitration Association of our province. Encourage organizations and individuals of the Chamber of Commerce to actively apply to join the association and become members, so as to contribute to the construction of self-discipline mechanism in the arbitration industry.Third, strive to train more business people as arbitrators, and constantly improve and expand the intellectual structure of arbitrators.

Phoenix Net reporter (photo by Huang Yuting)

Phoenix Network reporter:We have noticed that there is a voice that there is profit-seeking and disorderly competition in arbitration institutions, and there are cases of expanding business, setting up branches at will and vying for the source of the case. May I ask Deputy Director Gong Hexing whether this document has any countermeasures against this disorderly competition, and how to do it specifically?

Gong Hexing:Thank you for your questions. With the development of arbitration for decades, it is true that branches are set up at will to expand their business. In view of this situation, the documents of the two offices have made specific and comprehensive arrangements. First, in the first paragraph, it is clear that the establishment of branches is strict, and the filing and reporting of the establishment of institutions are standardized according to law. The Arbitration Commission may, according to the needs of its work, decide to set up branches or agencies within its jurisdiction and report to the Provincial Department of Justice. If it is really necessary to set up outside the jurisdiction due to special circumstances, it must be approved by the municipal government where the Arbitration Commission is located and where it is established, and reported to the Provincial Department of Justice. The second is to deploy and carry out a special campaign to clean up and rectify the development order of arbitration. Regarding the specific requirements of the "seven prohibitions" put forward in the central document, it is clear that the established municipal government will bear the main responsibility for cleaning up and rectifying, and the Provincial Department of Justice will organize inspection and acceptance of the clean-up and rectification work in various places one by one, and the institutions that fail to pass the acceptance or violate the arbitration law and the provisions of Several Opinions in the future will be corrected according to the law. The third is to further play the role of social supervision. The Arbitration Commission is required to take the initiative to accept media and social supervision, and disclose the articles of association, arbitration rules, service processes, charging standards, annual work reports and financial budget and final accounts reports in a timely manner. In the next step, we will strengthen the construction of the credit system in the arbitration industry and establish a joint disciplinary system for arbitration institutions with malicious competition.

New Legal News reporter (photo by Huang Yuting)

New Legal News reporter:On December 31st last year, the Central Office and the State Council issued Several Opinions on Improving the Arbitration System and Improving the Arbitration Credibility. May I ask Director Zhang Zhonglan what are the key measures proposed by the central government to "reform and improve the internal governance structure of the Arbitration Commission" in the Implementation Opinions issued by our province?

Zhang Zhonglan, Director of the Notarization and Arbitration Division of the Provincial Department of Justice (photo by Huang Yuting)

Zhang Zhongyu:According to the different situations and existing problems of 12 arbitration institutions in our province, the Implementation Opinions put forward corresponding countermeasures from three aspects:

First, strengthen the self-construction of the Arbitration Commission. Improve the internal management system with the articles of association as the core, and strengthen the legal person status of the arbitration commission. Members of the Committee shall be selected and re-elected in strict accordance with the law, and the arbitration development plan, annual work report and financial budget and final accounts report shall be examined and approved in accordance with the articles of association, and candidates for directors, deputy directors, members and heads of executing agencies shall be elected, and major issues such as salary management and performance appraisal scheme shall be determined. Improve the rules of procedure of the Arbitration Commission, and strengthen the duties of the members of the Commission.

The second is to promote the pilot reform of the Arbitration Commission. Actively and steadily promote the reform of the internal management system of the Arbitration Commission, give the Arbitration Commission autonomy in personnel, finance and salary system, and gradually take the road of specialization and professionalization of the staff of the office. Encourage the committees with the nature of public institutions to reform the management system and operation mechanism first, and be consistent with the requirements of the central and provincial classification to promote the reform of public institutions. If the arbitration fee is converted into business service fee, it shall be implemented according to the general rules of enterprise finance and subject to supervision by the departments of finance, auditing, taxation and price. It is clear that the Arbitration Commission should set up an arbitration career development fund. Properly arrange the staff in the office. If the original staff members do not want to stay in the Arbitration Commission, they may, according to their personal status and the nature of preparation, be arranged by the municipal government to return to the corresponding units at the same level according to relevant regulations before the restructuring.

The third is to improve the internal supervision system of the Arbitration Commission. Study and implement the organic combination of the independent award of the arbitration tribunal and the management of the arbitration commission, and improve various internal control systems. Establish a supervision and restriction mechanism for members to serve as arbitrators, and strictly implement the withdrawal system. Establish an arbitration commission’s review system for arbitral awards, an expert consultation system for major and difficult cases, and implement an arbitrator’s information disclosure system to ensure the quality of arbitral awards.

Li Feng:Because of the time, today’s question-and-answer session ends here. Thank you, leaders, journalists and friends. Welcome to continue to pay attention to the construction of arbitration system. The Provincial Department of Justice has compiled news materials, and journalists and friends are welcome to download and view them. If you have any questions, you can consult, communicate or interview after the meeting.

Today’s press conference is over, thank you.

Source: Jiangxi Provincial People’s Government Network

Ten-year-old marathon runners need to be careful when they run "horses" because of cardiac arrest!

  "Stand up straight and stride." Under the guidance of medical staff, Xiao Chen, a running friend, is conducting exercise treadmill experiments in Beijing Hejia Hospital. In the Beijing Half Marathon in April this year, Xiao Chen had a cardiac arrest. Fortunately, he was discovered by the volunteers of Hejia AED, and was successfully rescued through cardiopulmonary resuscitation and AED (External Automatic Defibrillation Transporter) electric defibrillation. After months of recovery, doctors need to re-evaluate his heart function.

  The start of the 2019 Beijing Marathon is just around the corner, and even senior runners may "stumble" and face the great risk of sudden cardiac death.

  Cardiology experts remind that six types of patients, such as those who have a history of myocardial infarction, those who have been diagnosed with heart diseases and have undergone surgery, and those who have a history of unexplained syncope, are generally not suitable for marathon. If you want your heart to be safe in high-intensity events, you need scientific cognition and pre-competition heart evaluation.

  Senior runner’s cardiac arrest AED successfully rescued

  "I was more excited when I finally sprinted. I shouted and rushed over. After a few steps, my feet were soft and I suddenly lost consciousness." Xiao Chen, a runner who suffered an accident in this year’s semi-Marseille in Beijing, said that he has ten years of long-distance running experience and participated in eight or nine marathons, which is a senior runner. I didn’t expect that this time he became the object of "first aid".

  At that time, it was Yuan Tong, an emergency nurse in Beijing Hejia Hospital, one of the medical security units of Beijing Half Horse Race, who was present to defibrillate Chen Jinxing AED. She said that the timely discovery of the support staff and the skilled use of AED pulled Xiao Chen back from the death line, otherwise once the cardiac arrest was not treated for 4 to 6 minutes, the brain would be irreversibly damaged, and even if the heartbeat was restored, it might become a vegetative state.

  Wang Dezhao, chief physician of the Department of Cardiology, Beijing Hejia Hospital, said that cardiovascular system accidents that often lead to cardiac arrest and sudden death in marathons are usually sudden acute myocardial infarction or malignant arrhythmia. Although the probability of occurrence is low, once it appears, it is the most dangerous. It is the most effective way to rescue patients with cardiac arrest and sudden death by using artificial chest compressions and AED defibrillation in the early stage. Beijing United Family Hospital is the official and exclusive designated medical service provider for Beijing Marathon. All AED volunteers have passed the cardiopulmonary resuscitation training organized by the American Heart Association (AHA) and obtained the certificates of Basic Life Support (BLS) and Advanced Life Support (ACLS), so they have the ability to find and rescue runners with cardiac arrest in the first time.

  Six groups of people should have a heart evaluation before the game.

  How to run a horse safely? Wang Dezhao said that runners must first have a clear understanding of their physical condition, and the following groups of people are not suitable for participating in such high-risk events.

  First, patients who had a history of myocardial infarction in the past, especially 6 months after myocardial infarction; Followed by patients who have been diagnosed with angina pectoris, or have undergone coronary stenting, coronary artery bypass grafting and installed pacemakers; Third, it is a patient who has a history of unexplained syncope or has done electrical cardioversion; The fourth is patients with severe arrhythmia or taking antiarrhythmic drugs; In addition, patients with a history of congenital heart disease, cardiomyopathy or cardiovascular malformation, and patients with special ECG manifestations, such as Brugada syndrome, long QT syndrome and preexcitation syndrome (all three groups have special ECG manifestations), are not suitable for high-risk events similar to marathon.

  In addition to people who are not suitable for horse racing, there are six groups of people who can participate in the marathon, but they need to be evaluated before the race. The first category is people with risk factors of coronary heart disease, including smoking, hypertension, diabetes, hyperlipidemia, family history of premature coronary heart disease (male < 55 years old, female < 65 years old), heavy drinking, sedentary, obesity, staying up late and working under great pressure; The second category is people with family history of sudden cardiac death; The third category is people who have had severe diarrhea or used diuretics recently, and it is very likely that there are abnormal levels of potassium, magnesium and calcium ions; The fourth category is people who have arrhythmia without drug treatment, including sinus arrhythmia, various premature beats, sinus bradycardia, etc. The fifth category is people who have had discomfort in the area below the jaw and above the umbilicus related to activities, or have palpitations and shortness of breath; The sixth category is people who are anxious, hypochondriac and have had a history of panic attacks. Most of these people do not have the typical symptoms of organic heart disease, but they belong to high-risk groups. If there is no heart assessment, there may be unexpected situations in extreme sports such as marathon.

  Three types of heart assessment help runners stay away from accidents

  Wang Dezhao introduced that marathon is an extreme sport with certain potential risks. However, as long as the heart function is scientifically evaluated before the game and the physical condition is known in advance, accidents such as cardiac arrest can be avoided to the maximum extent.

  "If the heart is compared to a house, then it has three systems, including waterway system, circuit system and structural system." According to Wang Dezhao, heart evaluation is also divided into three categories according to three systems: the first category is the evaluation of the "waterway system" of the heart, and the "waterway system" refers to the blood vessels of the heart itself &mdash; &mdash; Coronary artery. If the runner has chest tightness, shortness of breath, chest pain, pressure, burning pain, pain in the left upper limb or left shoulder and back, which suggests that angina pectoris is possible, it should be evaluated by exercise treadmill test to observe whether the runner will have myocardial ischemia when he reaches the limit heart rate, which is also a simple and effective means to screen coronary heart disease. If the exercise treadmill test is abnormal, further coronary CTA or coronary angiography is needed.

  The second kind of evaluation depends on the "circuit system" of the heart, that is, the evaluation of cardiac electrical activity. If the runner has palpitation, irregular heartbeat, too slow or too fast heartbeat, it suggests that the cardiac electrical activity is abnormal, and it is necessary to do ECG monitoring for 24 hours, 7 days, 1 month or even longer. By monitoring the ECG changes at the onset of symptoms, the disease can be diagnosed and whether it is suitable for the competition can be evaluated.

  The third category is the evaluation of heart structure. If the runner has heart murmur, myocarditis, cardiomyopathy, congenital heart disease, etc., it is necessary to evaluate the morphological structure of the heart by heart color Doppler ultrasound. If you have serious structural heart disease, especially hypertrophic obstructive cardiomyopathy or aortic stenosis, you are not suitable for marathon.

  How to predict and save yourself when you suddenly feel unwell in the game? Wang Dezhao said that first of all, runners should stop exercising, rest in a comfortable and relaxed posture, and seek help from medical staff; If the heartbeat suddenly accelerates, fast and even, it may be supraventricular tachycardia. You can hold your breath and cough hard, which may stop the tachycardia. If the pain in the chest or other suspicious parts (back, upper limbs, pharynx, etc.) persists, the attack of acute myocardial infarction cannot be ruled out. It is best to lie on your back, relax as much as possible, take a deep breath slowly and wait for rescue. (Reporter Chen Si)

5G commercial start-up operators push various promotions to further reduce the price of 5G mobile phones

  CCTV News:Personal mobile phone users will be able to use the 5G communication service from today (1st). In order to welcome the official commercialization of 5G, the three major operators have also launched a variety of promotional measures in combination with the newly launched 5G package.

  Yin Shaochun, Deputy General Manager of China Unicom Marketing Department:We are now carrying out the package reservation activities for old users through the mobile phone business hall. The current policy is that there will be a 30% discount for those who have been online for more than three years, and a 20% discount for those who have been online for less than three years.

  

  Lu Liangjun, Deputy General Manager of China Telecom Marketing Department:China Telecom launched cloud VR, cloud games and ultra-high-definition video when it was officially commercialized. It combines the characteristics of high traffic of 5G with the characteristics of cloud network integration of China Telecom, which will bring users a better audio-visual experience.

  China Mobile said that it will further reduce the price of 5G mobile phones and lower the threshold for users to replace 5G mobile phones.

  Shou Jianguo, Deputy General Manager of China Mobile Marketing Department:In the second quarter of next year, we will launch a mobile phone with a gear of 2000 yuan, and in the fourth quarter of next year, it is possible to launch a mobile phone with a gear of 1000 yuan. Then, in order to further lower the threshold for customers to replace 5G, China Mobile has also launched supporting preferential activities such as installment purchase of 5G mobile phone credit and worry-free replacement.

  The person in charge of the operator also said that at present, 5G is still in the initial stage of commercialization, and the network coverage is not perfect. There may be some problems in the use process. With the gradual advancement of commercialization, the construction of 5G networks will be accelerated.