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It’s about your purse! @ Everyone remember to do these 10 things before the New Year’s Eve.

In 2021, there is only the last week left, which is seriously insufficient.

Have you taken your annual leave?

Have you applied for various subsidies?

Have you confirmed the special tax deduction?

Don’t forget the fees that should be paid in time … …

If you don’t hurry, you may miss it!

Xiaobian compiled a year-end to-do list for you.

Come and check it!

↓ ↓ ↓

　First, do it quickly! These things are about your purse.

Pay for not taking annual leave

It’s the end of the year. Have you finished your annual leave?

According to the "Regulations on Paid Annual Leave for Employees", employees who have worked for more than one year but less than 10 years will be given an annual leave of 5 days; If it has been 10 years but less than 20 years, the annual leave will be 10 days; For those who have completed 20 years, the annual leave is 15 days.

According to the regulations, annual leave can be arranged across one year, and this year’s annual leave can be arranged until next year; If the employee cannot be arranged to take annual leave due to work needs, the unit shall, after obtaining the employee’s consent, pay 300% of the employee’s daily salary according to the number of days that the employee should take no leave.

Timely confirm the special additional tax deduction in 2022.

At present, the special additional tax deduction for 2022 has begun to be confirmed. According to the regulations, taxpayers can enjoy six special additional deductions such as children’s education, continuing education, serious illness medical care, housing loan interest or housing rent, and supporting the elderly. Eligible taxpayers can increase the tax exemption amount and increase their income after reporting before the end of the year.

Car purchase subsidy

During the year, car purchase subsidies introduced by many provinces ended on December 31st, and those who meet the requirements will be dealt with quickly:

Beijing, Guangdong and Hubei provinces have all issued policies on car purchase subsidies. Scrapping or transferring old cars under my name can get subsidies, ranging from several thousand yuan to ten thousand yuan. It should be noted that the deadline for applying for these subsidies is December 31, and the overdue period is regarded as waiver.

It is worth noting that the subsidy policy for the purchase of new cars by scrapped car owners damaged in Zhengzhou rainstorm in July this year was extended to December 31. Consumers can apply for subsidies after obtaining the "double certificate" for scrapping vehicles and completing the purchase and licensing of new cars.

Housing subsidy

During the year, housing subsidies were introduced in many places, and the application date was until December 31st:

Changchun, Jilin, Xingtai, Hebei, Anyang, Henan, Guilin, Guangxi and other places have all introduced housing subsidy policies. Eligible buyers can apply before December 31: 50 yuan/square meter for qualified talents in Changchun and 80 yuan/square meter for farmers; Xingtai talent purchase subsidy 2%; Anyang gives a monetary subsidy of 20,000 yuan to property buyers who purchase ordinary commodity housing within the city; Guilin announced that it would give 1% of the turnover to the buyers who bought new commercial houses in five urban areas in December 2021, which could be used to buy department stores, household appliances and vehicles in local commercial enterprises.

In addition, some cities have introduced deed tax subsidies. Kaifeng announcement made it clear that all buyers who have not paid deed tax for purchasing commercial housing in Kaifeng city (excluding Xiangfu District) will pay deed tax for commercial housing from the announcement date to December 23, 2021 and meet the scope of subsidies, and will be subsidized according to 12% of the total deed tax. The deadline for application is December 31, 2021.

Talent living allowance

From December 1, 2021, a new award for outstanding talents in Shanghai began to be accepted, and the application time was as of December 31.

According to the news of Shanghai Songjiang Talent Service Center, qualified undergraduate, master’s and doctoral graduates can receive a living allowance of about 20,000 yuan, 30,000 yuan and 40,000 yuan in three years, in addition to a one-time employment reward of about 6,300 yuan and a cultivation reward of about 13,100 yuan.

Timely completion of pension eligibility certification.

Under normal circumstances, retirees should receive qualification certification for pension treatment every year, and they can receive their pensions normally after passing the certification, otherwise their pensions may be suspended.

In some areas, the deadline for receiving qualification certification for pension benefits is the end of the year. If you haven’t applied for certification yet, hurry up!

1. Don’t worry if you haven’t been certified yet, as long as it belongs to:

√ Retirees from endowment insurance for employees of urban enterprises

√ Retirees of endowment insurance in government agencies and institutions

√ Persons receiving pension insurance for urban and rural residents

In either case, you can easily complete the authentication on your mobile phone!

Scan the applet above and get the electronic social security card. Click "National Service" on the homepage of the electronic social security card — "Social security treatment qualification certification", then click "Start certification" and follow the operation instructions.

2. If the elderly don’t know how to use mobile phones, children can help complete the certification through the "family service" function!

Specific operation steps: Children can use their own electronic social security cards, bind their parents’ electronic social security cards through the function of "family service", and click "treatment qualification authentication" to start authentication.

3. What if I can’t use my mobile phone and my children are not around?

You can apply to the local human resources and social security department for on-site service.

Receive unemployment benefits in time

Unemployment allowance is a phased welfare policy to deal with the epidemic. If you are still unemployed after receiving unemployment insurance benefits, or do not meet the conditions for receiving unemployment insurance benefits, you can apply for unemployment allowance for up to 6 months.

The deadline for applying for multi-stage unemployment insurance benefits is December 31. If it is not processed within the specified time, it will not be processed after the policy deadline.

Various points are collected in time.

Near the end of the year, there are many App points that have to be cleared! Many points can be exchanged for real money. Don’t you know these points exchange tips?

Points for gifts:

There are points convertible gifts in Alipay, WeChat payment and credit cards.

Points for telephone charges:

The points of the three major operators can be exchanged for telephone charges, which can be directly recharged or deducted. Generally, operators will clear the points at the end of the year and collect them quickly.

Second, don’t forget! These expenses should be paid in time.

Pay medical insurance for urban and rural residents in time, and don’t delay reimbursement in the coming year.

In order to enjoy the basic medical insurance benefits in time, it is best for eligible insured persons to pay within the prescribed time limit, and they can enjoy the medical insurance benefits only after a waiting period.

For example, it is clear in Beijing that people who miss the centralized insurance period or stipulate the insurance period can participate in the medical insurance for urban and rural residents at any time, but they can only enjoy the medical insurance benefits for urban and rural residents after 3 months.

It is reported that the deadline for the payment of medical insurance for urban and rural residents in Shanghai in 2022 is December 25, 2021; Beijing’s centralized participation in the basic medical insurance for urban and rural residents in 2022 will end on December 30th.

The deadline for payment varies from place to place. You can check the specific information through official website, the local bureau of human resources and social security.

Timely payment of flexible employment social security

In order to reduce the economic burden of the insured with flexible employment, the human and social departments have proposed that if it is really difficult to pay the basic old-age insurance premium in 2020, it can be paid before the end of 2021. However, by this year, the phased deferred payment policy has been cancelled, and the social insurance premium for this year must be paid before the deadline, and the payment period cannot be increased by means of post-payment.

In other words, the unpaid part in 2020 can be repaid in 2021, but if it is delayed until 2022, it will not be repaid.

This year, the deadline for payment varies from place to place, but in many places it is December 25, reminding the insured flexible employees that they must pay within the specified time, otherwise they may not get the pension or get a low pension level due to insufficient payment period.

　Third, empty the backlog and start the New Year

Have all the to-do items in 2021 been completed?

Hurry up if you haven’t finished yet!

Taxpayers who regard the needy as relatives.

Hongqiping Village, Wantan Town, Wufeng Tujia Autonomous County, was once a provincial-level key poverty-stricken village. Three years ago, in a chilly February, Xiao Shuguang, the first-class director of Yichang Municipal Taxation Bureau, volunteered to go here as the first secretary and the captain of poverty alleviation work. Nowadays, the cement road in Hongqiping village leads to the home, tap water flows into the home, and more than 300 solar street lamps "light up" the modern life of Hongqiping people; Here, the Chinese herbal medicine comprehensive processing factory covers the whole town, and the alpine vegetable seedling supply factory serves three townships in the county, and all 172 poor households are lifted out of poverty as scheduled …

Xiao Shuguang wore a big red flower and came to the Great Hall of the People.

Xiao Shuguang, as an "advanced individual in tackling poverty in China", was commended at the national summary and commendation meeting on tackling poverty in the Great Hall of the People in Beijing. In the past three years, what kind of war poverty stories have been played in Hongqiping village?

Xiao Shuguang said that this honor is precious.

Regular residents visited three times to implement the villagers’ needs one by one.

Just after returning to his residence from the Great Hall of the People, Xiao Shuguang was interviewed by a journalist.

He said that he was very excited when he entered the Great Hall of the People for the first time and stood close to the central leaders. "At the conference, I made careful notes and deeply felt the central government’s attention to poverty alleviation work, and fully affirmed the poverty alleviation cadres who fought in the front line."

"The General Secretary of the Supreme Leader said at the conference that getting rid of poverty is not the end, but the starting point of a new life and a new struggle." Xiao Shuguang said, "This sentence blew a new charge for himself."

Three years ago, Xiao Shuguang volunteered to go to Hongqiping Village, which is far away from Shangao Road, in order to find an answer. "I come from the countryside and have always had the old complex. The thinking of’ Can rural poverty alleviation work be done well?’ has been lingering in my mind, and I hope to find the answer." He told reporters.

Xiao Shuguang and the villagers set up a demonstration base for alpine vegetables in the depths of the mountains.

When I first arrived in the village, the difficulties were even greater than I thought: the personnel of the village committee were uneven, the contradictions in the village were prominent, and the relationship between cadres and the masses was tense … Xiao Shuguang judged that only when people were United can we win the tough battle of helping the poor. He told reporters, "I want to treat the people in difficulty as relatives and do good things for them sincerely."

Repairing the road needs to occupy the responsibility field of villager Zhang Enxue. Xiao Shuguang took the initiative to come to the door and wrestled and sprained his foot. He insisted on communicating with the villagers on crutches. Hongqiping village is more than 1200 meters above sea level, and many villagers suffer from rheumatism. Xiao Shuguang bought special drugs from his hometown for more than 40 poor villagers at his own expense. Tian Jizheng, an 86-year-old veteran, lived a hard life in his later years. When Xiao Shuguang learned about it, he bought him a full set of military quilts, uniforms and other daily necessities at his own expense, regularly cut his hair and built roads and houses for the elderly. Peng Xingxiang, a 74-year-old left-behind old man, suffered from osteonecrosis of his calf and his leg muscles rotted to a dark brown color. He ignored the rancid smell and went to the door to clean and apply medicine to Peng Xingxiang …

Over the past two years, Xiao Shuguang visited 289 regular households in the village for three times, and answered and implemented more than 160 demands and needs of villagers one by one. The poverty alleviation diary was full of nine books.

Xiao Shuguang and the villagers set up a demonstration base for alpine vegetables in the depths of the mountains.


Industry broadens the road to prosperity, and Hongqi Village is full of honeysuckle.

The villagers are in a good mood and have a high enthusiasm for development. However, Xiao Shuguang found that the villagers were limited to the self-sufficient life of "raising pigs for the New Year, exchanging eggs for oil and salt, and farming for a round belly", and lacked the industrial support to get rid of poverty and become rich and well-off.

Therefore, Xiao Shuguang visited Henan, Hunan, Huanggang, Enshi and other places at his own expense, and personally tried to plant a variety of industrial seedlings. Honeysuckle is a new variety of Chinese herbal medicine promoted by him. In order to dispel villagers’ concerns, he took village cadres and some poor people to Yidu and other places for study, visited neighboring villages to see the effect of trial growers, formulated preferential policies and reward and compensation measures, and introduced cooperatives to ensure the income of growers. In 2019 alone, the whole village was covered by one household and one mu, and the planting area has reached 460 mu, with a comprehensive benefit of more than 5,000 yuan per mu.

Under the leadership of Xiao Shuguang, the two village committees have broadened the road of industrial poverty alleviation. By the end of 2019, Hongqiping Village had built the county’s first collective agricultural tourism development enterprise led by the village committee, built a village collective convenience charity supermarket, established a comprehensive processing factory for Chinese herbal medicines covering the whole town, a alpine vegetable seedling supply factory and a cold storage logistics distribution base serving three towns in the county, built and introduced 12 professional cooperatives, 3 family farms, 2 agricultural companies and 2 agricultural tourism investment comprehensive development enterprises, and built the Hongqiping Village industrial poverty alleviation demonstration park.

Today, all 172 poor households in the village have been lifted out of poverty as scheduled, and the per capita income of villagers has increased from 3,018 yuan in 2014 to more than 15,000 yuan in 2020. A deep poverty-stricken village with "old and young living in poverty" has developed into a "Hongqi Village" with prosperous industry and civilized village style.

Xiao Shuguang’s deeds of helping the poor have been reported by People’s Daily, Xinhua News Agency, China News Service and other media for many times, and he has won the titles of "China Good Man" and Jingchu Model.

New progress has been made in many fields, new breakthroughs have been made, and the high-quality development picture is being accelerated.

CCTV News:Recently, from home and abroad, from finance to science and technology, from "mobility" to real estate, many fields in China have shown a new atmosphere of leaping forward, with steady progress in high-quality development and confidence and motivation for development.

The China-US Economic Working Group held its fourth meeting.　

On April 16, China and the United States conducted intensive dialogue and communication in various fields, involving military, financial and economic aspects. On April 16, the China-US Economic Working Group held its fourth meeting. The two sides conducted in-depth, pragmatic and constructive communication on the global and China-US macroeconomic situation, balanced growth, and communication arrangements for the next step. China expressed concern about the US economic and trade restrictions on China, and further responded to the issue of production capacity. The two sides agreed to continue to maintain communication.　

China-US Financial Working Group held its fourth meeting.

On the same day, the China-US Financial Working Group also held its fourth meeting in Washington, DC. The two sides exchanged views on monetary policy and financial stability, financial supervision and cooperation, institutional arrangement of financial markets, cross-border payment and data. The meeting also heard reports from the technical expert groups of the two sides on the financial regulatory framework of the two countries. The two sides agreed to continue to communicate.

The General Administration of Financial Supervision and other three departments jointly issued a notice to promote the high-quality development of financial support manufacturing industry

The General Administration of Financial Supervision, the Ministry of Industry and Information Technology and the National Development and Reform Commission jointly issued a notice a few days ago, demanding that the proportion of medium and long-term loans in the manufacturing industry be continuously increased and financial support for the development of the manufacturing industry be promoted.

The three departments proposed that efforts should be made to support the security and stability of the industrial chain supply chain and increase financial support for weak areas such as basic parts, basic materials, basic software and industrial software. Efforts will be made to support the innovative development of business entities such as small and medium-sized scientific and technological enterprises, high-tech enterprises, "specialized and innovative" small and medium-sized enterprises, and single champion enterprises in manufacturing. It is necessary to strengthen medium-and long-term financial support for equipment renewal and technological transformation of traditional manufacturing industries, help cultivate and expand strategic emerging industries, and optimize the financial supply of foreign trade in manufacturing industries.

In addition, it is necessary to strengthen financial services in the fields of smart equipment, digital infrastructure, and new industrial Internet formats, and vigorously promote the development of green finance.

The three departments require financial institutions to make separate manufacturing credit plans, strengthen the support of medium and long-term loans and credit loans in the manufacturing industry, and develop credit products and services adapted to the characteristics of the manufacturing industry. The notice also made it clear that financial institutions are not allowed to borrow and tie in, collect fees in violation of regulations, and it is strictly forbidden to attach unreasonable conditions to the loan.

Shanghai Futures Exchange: The price limit of gold and silver futures contracts is adjusted to 8%

Shanghai Futures Exchange has adjusted the price limit of gold and silver futures contracts from 6% and 7% to 8%, the margin ratio of hedging transactions from 7% and 8% to 9%, and the margin ratio of speculative transactions from 8% and 9% to 10% from April 17th.

Experts pointed out that raising the price limit and margin level of gold and silver futures contracts is conducive to preventing the risk of large price fluctuations, promoting the rational and prudent participation of all parties and promoting the long-term healthy development of varieties.　

The review of the first batch of "white list" projects of real estate was completed: more than 2,100 projects were approved, and the amount exceeded 520 billion yuan.

The reporter learned from the relevant departments that by the end of March, commercial banks had completed the review of all the first batch of "white list" projects pushed by the coordination mechanism, of which the number of approved projects exceeded 2,100, with a total amount exceeding 520 billion yuan, and some unqualified projects had been fed back to the coordination mechanism.

In the next step, the General Administration of Financial Supervision will work with the Ministry of Housing and Urban-Rural Development to further promote the effectiveness of the coordination mechanism for urban real estate financing, and urge financial institutions to actively support and meet the reasonable financing needs of real estate projects and enterprises on the premise of effectively preventing risks.

Five-hundred-meter Aperture Spherical Radio Telescope (FAST) discovered that the number of new pulsars exceeded 900.

According to the FAST Operation and Development Center of the National Astronomical Observatory of Chinese Academy of Sciences, the number of new pulsars discovered by the 500-meter spherical radio telescope (FAST), which is known as the "Five-hundred-meter Aperture Spherical Radio Telescope (FAST)", has exceeded 900.

Not only that, Five-hundred-meter Aperture Spherical Radio Telescope (FAST) has also expanded the observation range of the radiation intensity of pulsars. Most of the more than 900 new pulsars discovered are faint pulsars that are difficult to find by other telescopes in the world. Pulsar is a rapidly rotating neutron star, which is a celestial body, named after constantly sending out electromagnetic pulse signals. Five-hundred-meter Aperture Spherical Radio Telescope (FAST), located in Pingtang County, Guizhou Province, is the largest and most sensitive single-aperture spherical radio telescope in the world.

On the first day of "May 1" holiday, train tickets for popular routes are on sale.

According to the regulation that Railway 12306 sells tickets 15 days in advance, on April 17th, the train tickets will be sold on the first day of the May Day holiday. The reporter found on the 12306 website that tickets from Beijing to Zhengzhou, Wuhan, Taiyuan, Changsha and other popular directions are very tight, and many of them have been sold out, and there are a large number of candidates. The high-speed rail ticket from Beijing to Tianshui, Gansu for more than 7 hours has also been "second light".

The railway department reminds that passengers who have not bought their favorite tickets can pay close attention to buying tickets through the standby. Select several combinations of "date, train number and seats" to submit the standby order, so as to increase the standby success rate. In addition, the railway department will also increase the capacity according to the ticket sales.

General Administration of Market Supervision: The main quality indicators of cotton in Xinjiang have reached the best level in the past five years.

According to the General Administration of Market Supervision, as a national high-quality cotton base, Xinjiang’s cotton production accounts for more than 90% of the country. From the inspection results, the main quality indicators of cotton in Xinjiang in 2023 are the best in the past five years.

The dual terminal of Wuhan Tianhe Airport in Hubei Province was officially opened.

After two years’ renovation, the T2 terminal of Wuhan Tianhe Airport in Hubei Province was officially reopened a few days ago. The reconstructed T2 terminal of Wuhan Tianhe Airport adopts the departure and arrival diversion mode, which will form a joint force with T3 terminal, with a passenger handling capacity of 50 million passengers per year.

Linyi, Shandong Province opens direct passenger flights to Hong Kong.

On April 16th, flight MU6091, which was operated by China Eastern Airlines, left Linyi International Airport, marking the official opening of scheduled passenger flights between Linyi and Hong Kong. It is understood that the flight schedule of this route is every Tuesday and Friday, and the flight time is about 3 hours.

Mianyang, Sichuan: Wild pandas go down the mountain to drink water and relax.

In the Laohegou area of Pingwu, Mianyang, Sichuan, the patrolman recently met a wild giant panda on the way to patrol. It was in a mountain forest at an altitude of 2150 meters, and the giant panda was climbing down the mountain. It is strong and agile. When it comes to the river, the giant panda finds a suitable place and sits down to drink water like no one’s watching. According to the monitoring data, at present, there are 418 wild giant pandas in Mianyang.

Photographers capture the fierce moment of seals hunting penguins underwater in Antarctica.

　　According to the British "Daily Mail" report, when it comes to seals, people always think of their cute and embarrassing images, but Antarctic spotted seals attack humans and are quite fierce when preying. Recently, wildlife photographer Amos Natchum bravely dived into the southern ocean of Antarctica for a close contact with an Antarctic spotted seal, and took a group of rare photos of spotted seals smiling and preying.



The seal opened its mouth as if to swallow the photographer’s lens.



The seal followed the camera.


　　For ordinary photographers, it is very difficult to make their subjects smile naturally. For wildlife photographers, it is even more difficult to make their subjects smile naturally. But Amos did it, and he had taken a close-up photo of the big shark smiling before. This time he encountered a 12-foot-long Antarctic spotted seal.


　　Antarctic spotted seal is the top carnivore in the Antarctic ocean, which is quite dangerous. But Amos is also an experienced and brave underwater wildlife photographer. When Amos put the camera in front of the spotted seal, the spotted seal opened its mouth actively and kindly, revealing two rows of Bai Sensen’s sharp teeth. Of course, this cute image can’t hide its carnivorous nature. Amos then photographed its fierce image when it preys on penguins.


　　Ramos said, "Spotted seals are extremely sleek and fierce predators. They often quietly hide in some dark corners and wait for their prey to appear. In the face of unsuspecting penguins, spotted seals will take the initiative to attack and bite the penguin’s feet tightly. After they catch the penguin, they don’t swallow it immediately, but they drag their prey to the surface of the water and shake their prey until the penguin’s feathers are off, and then they eat the penguin. They don’t seem to like eating penguin feathers. It is worth noting that spotted seals will attack humans. "

　　Related links:



  • The 2009 British Wildlife Photography Award was announced: The hunting wolf was called 2009-10-26.

  • Photographers capture the moment when great white sharks prey (photos) 2009-08-25.

  • [Video] [South Africa] African penguins in bad living conditions are endangered 2009-08-25

How hard do we fight to achieve ＂panda freedom＂？

Cctv news(Reporter Wang Ruxi): On the morning of July 7, the State Council Press Office held a press conference. Cui Shuhong, director of the Department of Natural Ecological Protection of the Ministry of Ecology and Environment, introduced that the number of giant pandas in the wild in China has reached more than 1,800, and the threat level has dropped from endangered to vulnerable. What efforts have we made to reduce the giant panda from endangered to vulnerable?

Not only do we have "checking accounts", but we have also done more.

In order to find out the family background of the national treasure giant panda, up to now, China has carried out four national giant panda surveys. A field survey of giant pandas in the 1980s showed that there were only 1,114 pandas in the wild at that time. In 2015, the results of the fourth national giant panda survey released by the State Forestry Administration showed that by the end of 2013, the number of wild giant pandas in China had reached 1,864, with a habitat area of 2.58 million hectares. Compared with the third survey, it increased by 16.8% and 11.8% respectively in 10 years, and the number of wild pandas increased steadily.

Wild giant panda

Wild giant panda

Judging from the captive giant pandas, the number of captive giant pandas was only 104 in 1990, and by the end of 2020, it had reached 633, more than six times that of 1990.

In order to find out the "hukou" of giant pandas and better protect them, the fourth giant panda survey includes seven aspects: wild population, habitat, animals distributed in the same domain, interference factors, protection management, captive population and economic and social conditions in the distribution area. The survey area is nearly 4.36 million hectares, with a total investment of more than 2,000 people, and 20,513 survey sample lines and 11,901 vegetation survey sample plots have been completed.

The giant panda’s decline from endangered to vulnerable is inseparable from China’s efforts in biodiversity protection and ecological restoration. As an important part of ecological civilization construction, biodiversity protection has been gradually incorporated into various national plans and plans. In June, 2020, the National Master Plan of Major Projects for the Protection and Restoration of Important Ecosystems (2021— In 2035), arrangements were made for comprehensively strengthening the protection and restoration of ecosystems and biodiversity. By the end of 2019, there were 11,800 nature reserves in China, with a total area of over 170 million hectares, accounting for 18% of the land area. At present, the delineation of the national ecological protection red line has been basically completed, and the proportion of the initially delineated national ecological protection red line area is not less than 25% of the land area. At the same time, China’s supervision and law enforcement efforts have been continuously strengthened, and illegal and criminal acts endangering biodiversity have been severely cracked down. In 2019, there were nearly 10,000 illegal cases involving wild animals in China. Through severe crackdown, the total number of illegal cases involving wild animals continued to decline.

In addition to "one hand ‘ Rolling ’ " And these beautiful figures.

It is understood that the IUCN Red List of Endangered Species divides endangered category into seven categories, from high to low: extinction, wild extinction, extremely endangered, endangered, vulnerable, near endangered and non-endangered. Among them, extremely endangered, endangered and vulnerable species are collectively called threatened species. The Red List of Species is a global framework for recording the living conditions of species and evaluating whether there is extinction risk. With the support of many data, scientists reassign the species that meet certain criteria to a threatened level. When the species is assigned to a higher level, it is called "upgrading", and vice versa. These hundreds of species data are updated every year, including population number, distribution, threatened situation and protection progress.

The threat level of giant pandas has been reduced from endangered to vulnerable, and many netizens have said: "I hope to realize panda freedom as soon as possible" ‘ Gungun ’ ！” ……

In addition to the giant panda, there has been a lot of news about biodiversity in recent times. One of the most mysterious cats in the world, the national first-class protected animal, the desert cat, was photographed in Qilian Mountain Reserve. Three brown-necked hornbills were photographed in the forest at an altitude of more than 2,000 meters in Yunnan, and the northeast tiger of Heilongjiang entered the village. Whales appeared in Shenzhen Dapeng Bay, and rare and endangered wild animals such as wild giant pandas and snow leopards frequently appeared.

felis bieti

felis bieti

These beautiful figures "return" to people’s field of vision, reflecting China’s achievements in biodiversity protection and ecological restoration.

Developing Digital Economy and Lighting the Road to Innovation (Belt and Road, Think Tank Observation)

　　In March 2016, the Laos-1 satellite successfully launched in xichang satellite launch center, China was delivered in orbit. This is the first commercial satellite exported by China to ASEAN countries. The picture shows the panorama of Laos No.1 communication satellite ground station located in Vientiane, the capital of Laos. People’s vision

　　Data source: Ali Research Institute, National Bureau of Statistics, General Administration of Customs, AliExpress, Tianmao International and Global Purchase Data Analysis.

　　Wan Li Silk Road, connecting the East and the West, spans the past and the present. The Chairman of the Supreme Leader proposed to build the Belt and Road into a road of peace, prosperity, openness, innovation and civilization. Among them, the significance of innovation lies in insisting on innovation-driven development and advocating green, low-carbon, circular and sustainable production and lifestyle. The development of the digital economy will promote the social development of countries related to the Belt and Road Initiative to be more efficient, intelligent and humanized, and will certainly create new opportunities for development, seek new impetus for development, expand new space for development, and benefit the world and the people.

　　Mobile Internet — —

　　Digital economy enters the era of big data.

　　Based on the core indicators of digital economy development, it can be found that the countries along the "Belt and Road" are obviously unbalanced in the development of digital economy. Among them, there are countries like Israel, Estonia and Singapore that are at the forefront of the world, and many countries are still underdeveloped.

　　In recent ten years, some countries, including China, India, United Arab Emirates, Israel and Poland, have made remarkable achievements in digital infrastructure, e-commerce, network governance and other aspects by formulating far-sighted digital economy development strategies, and their growth rate has obviously exceeded that of developed countries, showing great potential and vitality.

　　Mobile broadband is the foundation of economic activities such as Internet of Things, autonomous driving and intelligent manufacturing, and represents the development of a new round of intelligent infrastructure of digital economy. Its penetration level can best reflect the digital economic foundation of an economy. In recent years, the mobile Internet has empowered individual consumers, made globalization and large-scale collaboration possible, and directly promoted the so-called "big data torrent". The development of digital economy has entered the era of big data. Globally, this indicator has reached nearly 50% in 2016 from less than 20% in 2011, and the development speed is amazing.

　　The widespread penetration of mobile Internet has fundamentally changed the business model of enterprises and the way of personal life and consumption. The most striking things are the rise of sharing economy based on extensive participation of users, diversification of working scenes and intelligent equipment, which have driven a new round of blowout development of e-commerce in various countries. This is reflected in the e-commerce development indicators of countries along the "Belt and Road". The index of "B2C e-commerce development" constructed by the United Nations Conference on Trade and Development is composed of the Internet user penetration rate, credit card payment share, logistics level and security server, which reflect the convenience of developing consumer-side e-commerce. From this indicator value, the national average along the Belt and Road Initiative is 49.0%, slightly higher than the world average of 47.2%.

　　Combined with the growth rate index of digital economy in recent years, we can find the unbalanced characteristics among countries along the Belt and Road. Some countries with relatively good foundations, such as Malaysia, Romania and China, have bright growth data, and the growth rate of digital economy is much higher than the global average. It can be expected that these countries will stand out and rise to a higher level of development in the next five years. However, in other countries with weak foundations, the growth level is almost at a standstill, which deserves attention.

　　Chinese enterprises go to sea — —

　　Share the development opportunity in the digital age

　　In 2016, the project and transaction volume of seven core infrastructure areas (public utilities, transportation, telecommunications, society, construction, energy and environment) in countries along the Belt and Road Initiative was about 494 billion US dollars. In the first quarter of 2017 alone, China enterprises increased their non-financial direct investment in countries related to the Belt and Road Initiative by a total of US$ 2.95 billion, accounting for 14.4% of the total foreign investment in the same period, up 5.4 percentage points from the same period last year. The Belt and Road Initiative has become the focus of China enterprises’ overseas investment.

　　In addition to the cooperation and co-construction of infrastructure, science and technology, commerce and culture are also the highlights of the "Belt and Road Initiative". With the rapid development of digital economy in China, China Internet companies with global vision and excellent strength have also shown a strong desire to "sail out to sea" in generate.

　　From the perspective of ability, the fierce domestic market competition environment and perfect infrastructure have forged a number of Internet enterprises with strong competitiveness. Its operation and innovation ability has gone beyond the simple imitation stage, and many local innovative products and services with international competitiveness have emerged, such as super program, mobile payment, bike-sharing and so on.

　　From the perspective of willingness, the competition in the domestic market is becoming increasingly fierce, and expanding the international market has become an inevitable choice for Internet companies in China. The "One Belt, One Road" initiative has pointed out the direction for China Internet companies to build and share the digital economy dividend on a global scale with the advantages of local innovation. Geographical and cultural proximity also makes the countries along the Belt and Road become the yearning places for Internet companies in China.

　　It should be noted that countries along the "Belt and Road" have a large number of factor endowments that have not been fully optimized, and they urgently need Internet dividends to improve the overall efficiency of resource allocation, increase employment through large-scale investment, and improve people’s living standards.

　　Alibaba, Huawei, Meitu, etc. are quite representative enterprises among them.

　　Take Alibaba as an example. Countries along the Belt and Road have become the focus of its strategic development. The company plans to establish several digital free trade zones to create a global "Digital Silk Road". In order to achieve this goal, Alibaba is committed to transplanting the mature e-commerce environment in China to relevant countries from e-commerce, payment means and logistics.

　　In 2014, Alibaba invested US$ 249 million in Singapore Post. Cainiao Logistics has deployed 17 overseas warehouses in countries along the Belt and Road. In 2016, it acquired Lazada, the largest e-commerce company in Southeast Asia, for US$ 1 billion, setting a single record for Alibaba’s overseas investment. Ant Financial invested in Ascend Money, a subsidiary of Thailand Zhengda Group, and also invested in the Indian version of "Alipay" Paytm, with a user scale of over 215 million.

　　With the help of the huge users and related data brought by e-commerce, Alibaba is also actively building data centers in Hongkong, Singapore, the Middle East and Europe through Alibaba Cloud, and setting up 14 regional nodes around the world. The self-developed large-scale computing operating system Feitian also goes out to sea together, connecting millions of servers all over the world into a supercomputer, and providing computing power for the society in the form of online public services.

　　Alibaba is just a microcosm of China enterprises’ deep participation in digital economy construction in countries along the Belt and Road Initiative. A large number of China enterprises such as Huawei, ZTE, Fiberhome, Xiaomi and Meitu have come one after another.

　　Up to now, Huawei’s overseas revenue accounts for more than 70%, and ZTE’s overseas revenue accounts for 50%. The global competitiveness of China telecom system equipment manufacturers has provided an important guarantee for the communication infrastructure construction of countries along the Belt and Road.

　　Take Huawei as an example. "Six or seven years ago, no one in Bulgaria knew about Huawei. Now it has become a household name, not only because of the popularity of Huawei mobile phones, but also because the network equipment and technology brought by Huawei have changed people’s lives." Aurelio Garic, senior account manager of Huawei Bulgarian Company, said in an interview with the media. This is not uncommon in many countries along the Belt and Road. China enterprises are doing their best to help promote the development and upgrading of local industries, and the business card of "China Zhizao" is getting louder and louder.

　　Intelligent terminal is also a major advantage of China Zhizao. Although Apple and Samsung still lead the global market, their market share adds up to only 1/3. In 2016, China enterprises accounted for more than 50% of global smartphone shipments. Among the top ten mobile phone companies in the world, China brand has occupied seven seats.

　　With the popularity of smart terminals, mobile phone applications have also become a new emerging field for Internet companies in China. Taking Meitu Xiu Xiu as an example, the self-portrait application "Beauty Camera" specially created for Indian users ranked first in the most popular application field of Google App Market in India in 2016. At the beginning of 2017, Meitu Xiu Xiu became popular overseas because of hand-painted selfies, ranking first in the total list of free mobile phone applications in eight countries and regions, including Russia, and ranking among the top ten in the total list of free mobile phone applications in 21 countries and regions around the world.

　　Data show that in 2016, China’s software industry exported 51.9 billion US dollars, up 5.8% year-on-year, and the growth rate was 4.1 percentage points higher than that in 2015. Internet technology enterprises in China, such as Zhuyun, Netlong, DJI Innovation and Daily Yoga, have all benefited from this.

　　The "going out to sea" practice of Internet enterprises in China has brought the latest technological innovation and model application to countries along the Belt and Road, and formed a good interaction with local governments, enterprises and people, which has contributed to the development of digital economy and the improvement of economic growth model in countries along the route. This is also the best practice of discussing, building and sharing ideas.

　　Digital change — —

　　New opportunities to bridge the digital divide

　　At present, countries along the "Belt and Road" are struggling to develop, and the ongoing digital economic transformation is a development opportunity that cannot be missed. Developed countries in Europe and America have successively formulated their own national digital strategies, which provide many experiences for the development of digital economy. Some international organizations, such as OECD and World Economic Forum, attach great importance to the agenda of digital economy and publish global development reports in this field every year.

　　Facing the reality, countries along the Belt and Road face multiple challenges in the development of digital economy, among which the biggest challenge can be summed up as how to create an environment conducive to digital innovation and entrepreneurship, thus bridging the gap with developed countries.

　　Increase budget, encourage competition and expand data sources. The government needs to increase the proportion of digital budget, encourage competition in the information and communication industry and expand the available data sources by strengthening investment in digitalization and various related infrastructure. Some countries with insufficient financial resources can use the co-construction platform under the framework of the "Belt and Road Initiative" to accelerate their development through cooperation with regional institutions such as the Asian Infrastructure Investment Bank.

　　Regional cooperation, encouraging investment and industrial integration. Countries along the "Belt and Road" should further strengthen regional cooperation, open up on an equal footing, encourage foreign investment and the development of domestic small and medium-sized digital technology enterprises, and integrate into the global industrial chain. Encourage foreign-funded enterprises to invest digitally, whether focusing on digital infrastructure or digital business applications. By integrating into the global industrial chain, domestic enterprises can transfer the technological achievements of advanced countries and enhance their global competitiveness. In this regard, the government can support it through tax relief for research and development, export tax rebate and accelerated depreciation.

　　Digital transformation, model innovation, cross-border integration. Countries along the "Belt and Road" should encourage traditional enterprises to invest in the commercialization of digital technology, especially in the digital transformation of traditional industries, and quickly promote business model innovation, cross-border integration and digital economy development with wide application. In recent years, many emerging market countries have achieved rapid development by encouraging local enterprises to learn from and absorb foreign mature digital business models, and on this basis, carry out localized innovation. Driving the introduction and development of technology by application is an important way for developing countries to catch up.

　　People-oriented, digital education, improve literacy. Digital talents are the biggest source of competitiveness for a country. It is an extremely urgent task for countries along the Belt and Road to enhance the digital literacy of the whole people by strengthening digital education. In order to keep up with the times, it is necessary to integrate digital education into primary and secondary education as soon as possible, so that students can get in touch with computers and the Internet earlier to meet the challenges of the future society. For adults, the government should encourage the development of digital training institutions and encourage enterprises to carry out on-the-job training of digital talents.

　　The "One Belt, One Road" initiative is ambitious and ambitious. It will establish a brand-new cooperative relationship and sharing platform for relevant countries, and provide a historic opportunity for countries to meet the challenges of the digital age, promote the development of digital economy innovation, and achieve win-win and mutual benefit. (The authors are all from Shanghai Academy of Social Sciences, Wang Zhen, Zhao Fuchun and Wang Yibo)

Behind Changan Qiyuan E07 is Unicom’s C2M overall solution innovation

Recently, the world’s first smart variable new car based on the SDA platform, Changan Qiyuan E07, was unveiled at the Changan Automotive Digital Intelligence Factory. This digital intelligence factory focuses on the production of intelligent networked new energy vehicles and is the unveiling unit of the "National Intelligent Manufacturing Pilot Demonstration Factory".

"Black Light Factory" is the most concrete description of advanced intelligent manufacturing production spaces such as Changan Automobile Digital Intelligence Factory. Tens of thousands of intelligent equipment perform their duties in the factory, more than 800 robots are lined up, more than 500 AGVs shuttle between them, and more than 100 fully intelligent AGV islands replace the original fixed floor chain transmission, which greatly reduces manual participation and increases production efficiency by 20%.

The reporter also learned that the Changan Automobile Digital Intelligence Factory has adopted an innovative software automatic packaging and testing process, which has greatly reduced the data filling time and improved the efficiency of cloud-based electrical inspection by nearly 100%. The AI manufacturing database has become the first factory in the industry to generate more than 28T of manufacturing data per year.

The first 100% to the machine station, the first 100% to the station, the first independent controllable and 5G-compatible industrial control Internet of Things… The application of 5G technology in Changan Automotive Digital Intelligence Factory has set a number of industry firsts. "This is due to China Unicom’s Legion innovation model." Zhou Hua, general manager of China Unicom’s 5G Fusion Innovation Center and Automobile Manufacturing Legion, which undertakes the Changan Automotive Digital Intelligence Factory solution, said.

Focusing on the C2M model

Meet personalized market demand

Data standards are not uniform, it is difficult to share and integrate, limiting real-time information transmission and business collaboration, business complexity lacks unified management, business collaborative efficiency is low, and it cannot adapt to new market demands… In recent years, in the face of the new consumption patterns of "customer engagement manufacturing", "user-defined car" and "user experience car building", the lack of interoperability between the original systems of traditional automobile OEMs, inconsistent standards, and difficult data sharing have become increasingly prominent.

In response to this problem, after nearly two years of practice and polishing, China Unicom Automobile Manufacturing Corps has given its own answer. On July 19, the Shanghai World Expo Center officially released the China Unicom Automotive Industry C2M Overall Solution (hereinafter referred to as the "Solution") at the "Innovation Achievement Release and Partner Conference" jointly organized by China Unicom Research Institute and China Unicom Automobile Manufacturing Corps.

C2M stands for "Consumers participate in manufacturing, organize production according to orders, and provide delivery response and delivery control according to orders". The core of the C2M solution is the Qingtian unified industrial control platform, which provides data standards, application standards, and information interaction standards, and integrates basic applications such as planning, execution, logistics, and quality. Develop enhanced applications that are compatible with C2M, such as logistics enhancements such as warehouse management, manufacturing execution enhancements such as order insertion management, and program enhancements such as dynamic sequencing, so as to achieve data sharing, instruction accessibility, and business implementation coordination, and ultimately realize delivery visibility.

It is understood that the program is based on the practice of multiple projects such as Changan Automobile, relying on advanced Internet of Things and data modeling technologies to provide enterprises with fully connected visual management to ensure the transparency of the whole process, so as to improve enterprise management efficiency and decision-making ability, and achieve the purpose of reducing costs and increasing efficiency.

Leverage the advantages of Unicom integration

Supporting C2M solutions

China Unicom’s C2M solution involves multiple levels of progressive change such as 5G network replacement, edge application reconstruction, data empowerment, and platform reconstruction. The Legion innovation model of Unicom’s integrated capability aggregation plays a crucial role in it.

The Automobile Manufacturing Corps is one of the first vertical innovation units established by China Unicom for the automobile manufacturing industry. It integrates the group’s technological accumulation and innovation resources, carries out technological innovation for the automobile manufacturing industry, overcomes the technical difficulties in the industry, and practices the responsibility of the central enterprise to serve the national strategy.

The Automobile Manufacturing Corps gives full play to Unicom’s cloud network resources and technological endowments, provides 5G-based "cloud network edge" new infrastructure, and supports "visual, manageable, dimensional, and configurable" platform support. It solves the problems of fragmentation, black box, and inefficiency in the original infrastructure, and meets the industrial production requirements such as data not coming out of the network, uninterrupted business, and unified control plane, providing reliable and credible network protection for C2M.

At the same time, the Automobile Manufacturing Corps provides standardized and process-oriented business modeling around business scenarios, ensuring consistent modeling between different business units, providing business-level API calls for upper-level applications, enabling business connection, service sharing, and capability precipitation. It can quickly track positioning and complete iterations when requirements change, laying the foundation for C2M to quickly respond to business requirements.

Based on the accumulation of China Unicom technology, combined with the characteristics of the automotive industry, the Automobile Manufacturing Corps has created a data management system, providing data collection, storage, analysis, and governance capabilities, integrating global data, breaking down barriers, forming unified sources and unified standards of data and services, and providing high-quality data protection for C2M.

Faced with the "chimney-like" problem in the traditional production and manufacturing process, the Automobile Manufacturing Corps combines industrial control requirements, supports data collection and control command integration by innovatively, and uses its pioneering "factory-workshop-production-station-station" five-level space modeling technology to simplify the architecture, support business two-way forwarding, instructions can go directly to the station and other minimum execution units, and the performance exceeds 30% of congeneric products, providing C2M with the ability to direct instructions.

Promote industrial chain collaboration

Empowering traditional manufacturing to digitally upgrade

The C2M solution not only reshaped the production scene in the factory, but also strengthened the linkage and collaboration outside the factory, promoting the quality of the industrial chain collaboration to a new level.

The solution can not only achieve data sharing and real-time updates with other information systems such as supply chain management systems, but also enable upstream and downstream enterprises in the industrial chain to understand each other’s production status and demand information in real time, break the information island, improve information transparency, form more accurate co-frequency collaboration, and improve the collaborative efficiency of the supply chain.

The C2M solution can also integrate multi-dimensional factors such as market demand, production capacity, material inventory, and material supply planning, and efficiently and reasonably arrange production plans. Under the premise of meeting the order delivery time, it takes into account levelized production, which is not only conducive to the stability of the factory production rhythm, but also conducive to maintaining the stability of the supply chain.

In the face of emergencies, C2M solutions can quickly simulate and analyze, evaluate risks, and this ability to accurately calculate and respond quickly can assist factories in making overall plans, making quick decisions, and minimizing impact. By collecting and analyzing the big data generated by the interaction between the production scheduling system and the supply chain management system, enterprises can continuously optimize the supply chain layout, improve the flexibility and adaptability of the supply chain, and help upstream and downstream enterprises in the industrial chain to better cope with market changes and challenges.

This time, the C2M overall solution released by China Unicom Automobile Manufacturing Corps takes the order as the main line and takes the delivery as the goal, which can quickly realize the delivery response and delivery control, and newly defines the new standard of mixed-line production and flexible production. It will inject new impetus into the digital transformation of traditional industries, which is not only suitable for the construction of new factories, but also for the transformation of old factories.

Old Hong Kong stars cluster together in Tik Tok, which is a bit of a painting style. ……

　　The writer of this article is @Noodles of Xiaowan family.

　　The shadow bugs in the world all begin with movies that eat away at the world.

　　No star can guarantee that he will always be popular.

　　Those who became famous overnight, or those who worked hard,The star aura will fade sooner or later..

　　However, the fading of the aura mentioned here actually mainly means that the film and television works are less or relegated to a secondary role, which does not mean that they are really "out of breath".

　　Carman Lee and Benny Chan’s "Embarrassing Dance"

　　For example, outside the big screen and screen, on the short video platform.You can often brush some familiar faces.Then click on their homepage and find that the number of fans is millions, which is not as lonely as you think.

　　Indeed,Short videos are becoming a place for the older generation of stars to gather popularity again.Sometimes a video clip and a beauty mix can make them turn red quickly.

　　For example, the 1.8 billion broadcast shared before, this old film unexpectedly shot to fame in Tik Tok, which made Zhu Shimao fire again.

　　Today, we choose a few of them.LaogangxingSee what their styles are in Tik Tok.

　　First of all, look at the first place, the eternal "Zhan Zhao" in the hearts of countless audiences.Kenny Ho.

　　Kenny Ho in his thirties.

　　Handsome Kenny Ho relies onMan called hero.The Chinese heroes in the movie andBao Qingtian.Zhan Zhao in the series has become a generation of heroes in the hearts of mainland audiences, and his "Zhan Zhao" has been irreplaceable for more than 20 years.

　　Kenny Ho, 60 years old.

　　Although he has already retired for many years, Kenny Ho insists on fitness all the year round, and he can’t see that he is already.61 years old"Old age".

　　Most of the videos released by Kenny Ho on Tik Tok are also related tofitnessandScientific dietYes, there are a series of demonstrations of fat burning action, which is not difficult.

　　Another immortal male god similar to Kenny Ho isThe Bund"Li Ding" in the movie.Ray Lui, this year65 years old, also often share a lot.Home fitness actionandHealth "tips".

　　Donnie Yen, Carina Lau, Rosamund Kwan and other friends have all appeared in his small video, and Lv Liangwei also loves painting.Chinese paintingThe cover of his home page is a picture of a peacock he drew.

　　After talking about the immortal male god, let’s look at the immortal goddess-"Little Dragon Girl"Carman Lee.

　　Since her official comeback in 2014, Carman Lee has appeared more and more frequently on the online platform. She plays with Tik Tok with a young mind and often ranks in the forefront of the list of love DOU.

　　In addition to continuing the "fairy" painting style, Carman Lee also likes hair.fitnessVideo.

　　Last year, Xiaowan shared an article about the nine years when the little dragon girl disappeared. What did she experience? Why did the little dragon girl become a fitness expert? There are answers.

　　Similar to Carman Lee is "Zhou Zhiruo" in the 1994 edition of "Eternal Dragon Slayer".Kathy CHAU; Chow Hoi Mei.

　　Kathy CHAU was a great beauty in the 1980s and 1990s, and her Hong Kong beauty videos have been widely played in Tik Tok, bilibili.

　　After the new millennium, she entered the mainland and appeared in many costume dramas, such as Legend of the Condor Heroes and Legend of Wu Mei Niang, while Kathy CHAU, who has reduced her performance in front of the stage in recent years, showed it to her heart’s content in Tik Tok.Enjoy the lazy attitude of life.

　　Most of the videos sent are related tofood and clothing、travel、petAbout, the style of painting is both cute and funny. No wonder the personal label says "I’m Garfield, I love sleeping".

　　A great beauty who also became popular as early as the 1980s.Irene WanThere is also a Tik Tok account.

　　The goddess is 54 years old this year, and her appearance and figure are in good shape. However, the video is full of beautiful girlish style, which is relatively lacking in personal characteristics, so the number of fans is low.

　　Deric WanIn those days, it was familiar to countless audiences.TVB hong kong drama spokespersonWhen he was young, he became famous for his high face value and his free control of positive and negative angles.

　　However, due to the complicated love story and the complicated gossip, Deric Wan’s popularity after 2000 is no longer the same as before, and his TV series is also inferior to that of TVB, so he gradually became silent.

　　Nowadays, uncle Deric Wan, who is over 50 years old, often.Bask in one’s daily life, especially the video of my daughter.

　　After the starlight and the ups and downs of life,Return to and enjoy the mundane lifeActually, it is a good choice.

　　This is also the same point of many old Hong Kong stars mentioned above, and it is also another support point for them to continue to gather popularity beyond their actor status (past classic roles and sentimental cards).

　　After all, in the era of short video, everything is necessary.have/keep both feet on the ground.

　　Note: Some pictures in this article are from Douban and the Internet. If there is any infringement, please contact us actively.

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　　[Noodles previous articles]

　　Click to read

　　Besides donating schools, how many people has Louis Koo helped?

　　9 points Chinese conscience drama, owe it a hot search.

　　A generation of sexy and precocious goddesses, from the age of 14 to today.

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[US stocks in 2022 investment strategy]： Can the bull market of US stocks continue？

　　Looking ahead at the end of 2021, the S&P 500 index has nearly doubled in the past three years, with an annualized rate of return of 27%. However, Deutsche Bank’s survey of more than 750 investors around the world shows that about 20% expect the S&P 500 index to have negative returns next year, with an average increase of only 4.2%.

　　Can the bull market of US stocks continue, and what risks will it face? What kind of opportunities are there?

　　US stocks as a whole: three elements or building a structural market

　　1. Corporate profit growth slowed down.

　　According to the Morgan Stanley report, in the first three quarters of this year, the earnings per share of S&P 500 companies increased by over 67%, far higher than the average of 6% from 2001 to 2020. UBS predicts that the profit growth rate of S&P 500 companies may significantly slow down to 10% in 2022.

　　2. Tightening liquidity

　　() It is believed that the most relaxed point of global liquidity has passed. With the beginning of Taper by the Federal Reserve and the marginal tightening by the central banks of other major overseas economies, global liquidity began to enter a tightening cycle.

　　3. Valuation regression

　　According to the analysis of CITIC Securities, after the completion of taper by the Federal Reserve, the dynamic PE of US stocks will gradually return from the current high of 21.4 times to the historical average of 18 times since 2015. It is expected that the US stock market will present a structural market next year.

　　In the face of many challenges, we sorted out the views of investment banks and listed the US stock sector and its key words worthy of attention in 2022.

　　New energy: the inflection point of new energy vehicles in the United States+the installed capacity of scenery has increased greatly

　　On November 19th, the US House of Representatives passed the Biden administration’s $1.75 trillion stimulus bill, of which about $550 billion will be used in the new energy industry, and the tax credits in new energy vehicles, photovoltaic wind power and energy storage industries will be fully increased.

　　CICC believes that the US new energy vehicle market has been in a "depression" in the global market for a long time due to the previous weak policies, few high-quality vehicles and weak industrial chain. The penetration rate of new energy vehicles in the United States from 1 to 1-3Q21 was only 3.7%, which was significantly lower than that in China and Europe (13.5% and 17.3%). However, with the continuous promotion and strengthening of the Biden administration’s new energy vehicle policy and the acceleration of the electrification transformation of local car companies, the development of new energy vehicles in the United States will usher in an inflection point.

　　In terms of photovoltaic wind power, with the increasing momentum of energy transformation, the newly installed capacity of American scenery is expected to set a new record in 2022.

　　According to the survey report of Standard & Poor’s Global Market Intelligence Company, it is estimated that 44GW of utility-scale photovoltaic projects will be put into operation in the United States in 2022, nearly twice the estimated new installed capacity of 23GW in 2021. At the same time, it is estimated that the newly installed capacity of wind power in the United States will reach 27GW in 2022, significantly exceeding the highest annual record of 16GW set in 2020.

　　BlackRock pointed out that the world is currently transforming into a more sustainable aspect, ahead of schedule. The investment in sustainability has undergone a structural change, and related assets will highlight the advantages of return on investment in the next few years.

　　Energy, real estate and finance: safe-haven sectors under the strongest inflation in 40 years

　　The CPI of the United States in November increased by 6.8% year-on-year, the highest since June 1982. Excluding food and energy prices, the so-called core CPI rose by 0.5% from the previous month and 4.9% from the same period of last year, the biggest increase since mid-1991.

　　Bank of America strategists believe that under the influence of high inflation, the current real profit rate of the S&P 500 index is negative, which indicates the downside risk of the market. Taking history as a mirror, there have been bear markets in the first four times in history when the real profit rate of the S&P 500 is negative. Investors are advised to seek safety in anti-inflation sectors such as energy, finance and real estate.

　　According to the analysis of CITIC Securities, under the background that the U.S. economic recovery continues in the first half of next year and inflation remains high, energy, raw materials and other sectors will benefit from the expansion of the scissors gap between PPI and CPI, and EPS (net profit per share) and gross profit margin of individual stocks are also expected to show an upward trend. In addition, after the Federal Reserve lifted the restrictions on bank stock repurchase and dividend distribution on June 30 this year, the repurchase amount of American financial companies has returned to the level of $16 billion per month before the epidemic, which will support the valuation and ROE (return on net assets) of the industry.

　　Internet technology: liquidity tightening risk vs structural opportunities for technological innovation

　　In December, the Federal Reserve will double the rate of bond purchase, and the bitmap shows that it will raise interest rates three times next year. Many analysts believe that tight monetary policy will pose a threat to the high valuation sector. The current P/E ratio of Nasdaq 100, a cluster of technology stocks, is about 30, which is 21.4 times higher than that of the broader S&P 500.

　　The Deutsche Bank report pointed out that inflation may be the main reason for most interest rate hike cycles in the United States. There is a "strong and consistent" negative correlation between the P/E ratio of US stocks and inflation ―― that is, under the high inflation environment, the valuation (PE) of US stocks tends to decline.

　　In view of the fact that the United States is under the worst inflationary pressure in 40 years, it may be comparable to the 1980s when the Federal Reserve was forced to raise interest rates due to the same inflationary pressure. During the two interest rate hike cycles in the 1980s, the P/E ratio of US stocks both fell ―― but it does not mean that the stock market fell across the board. In fact, the strong profit growth of US stock companies in these two periods made the S&P 500 index record a range increase of 8% and 23% respectively.

　　It can be seen that even if the Fed raises interest rates under the pressure of high inflation, it does not mean "the end of the world" for US stocks. The key is whether individual companies can offset the negative impact of interest rate hike on valuation with strong performance growth. During this period, it is difficult to cash in the growth rate of performance, but companies with high valuations may face challenges.

　　According to Bloomberg’s unanimous forecast, the overall expenditure scale of information technology companies in the S&P 500 stocks is expected to be 110.8 billion US dollars in 2022, with a year-on-year growth rate of 24.3%, which is the largest since the statistics in 2015. Whether it is soft technology or hard technology, capital expenditure is obviously positive.

　　Industrial Securities pointed out that FAANGs and other technology leaders focused on the direction of capital expenditure, including new energy vehicles, Metauniverse, digital currency, self-driving cars, AR/VR, cloud services, digital media and so on. Next year, the slowdown of US economic growth will weaken the kinetic energy of the overall profit improvement of US stocks and restrict the performance of the index. However, the structural highlights of the American economy in 2022, especially scientific and technological innovation, deserve attention.

　　Semiconductor: high valuation+supply and demand reversal risk accumulation

　　The Philadelphia Semiconductor Index (SOX Index), which includes chip manufacturers such as NVIDIA and AMD, has increased by 36% this year, with an increase of more than 50% in the previous two years and a cumulative return of 250% in three years. The current dynamic PE of SOX index is 6.3 times, but its 10-year average is only 3.6 times.

　　This year, the global wave of Internet of Things and car electrification, and the instability of the supply chain caused by repeated epidemics have caused an unprecedented shortage of chips in almost all industries. Although the shortage of automobile chips remains to be solved, the demand for semiconductors in other fields may have tended to weaken. According to industry data, the growth of global chip sales slowed down for the third consecutive month in October and has fallen back to the level of May this year.

　　Hocktan, CEO of Broadcom, a chip maker, also said in the conference call in the fourth quarter that some areas of the semiconductor market were "a bit too hot".

　　According to the assessment of CITIC Securities, as a typical cyclical industry, the global PC sales volume is expected to basically peak in 2021, and the data center hardware uplink cycle will peak in 2022Q2. Considering the marginal weakening of downstream demand (PC, server, smart phone, etc.) next year and the continuous release of new semiconductor production capacity, it is judged that the risk of supply and demand reversal in the industry is accumulating.

　　Aviation: North American aviation industry is expected to turn losses+epidemic concerns ease

　　According to the latest forecast given by the International Air Transport Association (IATA) in October, it is estimated that the expected loss of the whole industry in 2021 is 51.8 billion US dollars, which is 63% lower than the net loss of 137.7 billion US dollars in 2020. It is estimated that the loss will drop to 11.6 billion US dollars in 2022, and it is expected to turn losses into profits in 2023.

　　In terms of regions, IATA expects airlines in North America to take the lead in restoring profitability in 2022. It is estimated that airlines in this region will achieve a profit of 9.9 billion US dollars in 2022, which is the only region in the world to turn losses into profits next year.

　　Guoyuan International believes that the most difficult period of the global aviation industry has passed, and the passenger volume and profitability are on the track of recovery. The resilience of domestic aviation market demand is still strong, and the gradual relaxation of international routes in the future is a high probability event. It is suggested to reverse the layout of airlines, airports and aviation information targets.

　　Strategists in JPMorgan Chase said that although COVID-19 variants (such as Delta and Omicron) have repeatedly caused epidemics in various countries, if people’s natural immunity, vaccine-acquired immunity, significantly reduced mortality and specific drugs are gradually emerging, the epidemic will not be the primary risk next year.

The doctor tells you that crossing your legs and listening to jokes can affect your blood pressure.

This often happens in hospitals. Patients say that their blood pressure is high, but when they go to the hospital, their blood pressure is normal. Recently, 100 patients were investigated by the Department of Cardiology of the hospital, and less than 5% of them can correctly measure blood pressure. The director of the department said that the blood pressure of the same person is different at the same time because of the influence of posture and emotion, and the maximum difference can be 10mmhg, which causes some patients to misjudge their blood pressure, delay their illness or overuse drugs.
17th is World Hypertension Day, and this year’s theme is "Know Your Blood Pressure". The reporter interviewed the director of cardiology and asked the doctor to teach you how to measure your blood pressure.
Posture influence
Legs cocked, low blood pressure rose by 6mmhg. Doctor: Blood pressure is different with different force.
At 14: 00 on the 16th, the reporter measured his blood pressure in the cardiology clinic, and sat in the correct posture as instructed by the director. At this time, his blood pressure was 132/88. After rest, the left arm was measured in the same posture, and the blood pressure value was 132/86. The director said that the blood pressure values of the left and right arms are different. Normally, the blood pressure value of the right arm should be high. If the left side is high, arteriosclerosis may occur. When continuously measuring blood pressure, the interval should be more than 2 minutes to ensure vasodilation, otherwise the blood pressure value will be inaccurate.
Five minutes later, according to the director’s instructions, the reporter tilted his legs and left the back of the chair. At this time, the measured value is 130/94, the high pressure drops by 2mmhg, and the low pressure rises by 6mmhg. The director said that after changing posture, the degree of exertion changed, and the blood pressure also increased. This measurement is also inaccurate.
◎ Focus on the correct posture for measuring blood pressure: sitting upright, leaning back against the back of the chair, landing on both feet, putting your arms on the armrest and table, and measuring blood pressure with your right arm.
Emotional influence
The last time I went to the toilet, the pressure dropped by 4mmhg.
Doctor: If you hold your urine tight, your blood pressure will rise.
At 14: 20, after drinking a lot of water, the reporter measured the blood pressure again according to the director’s request. At this time, the blood pressure value of the right arm was 133/90. After taking a two-minute rest after going to the toilet, the blood pressure value was measured again, which was reduced to 130/86.
The doctor said that when people hold their urine, they are mentally nervous, so their blood pressure will rise accordingly. After emptying the bladder, people’s body and mind will unconsciously relax. At this time, taking a correct posture to measure blood pressure is the real blood pressure value.
◎ Focus on the correct measurement state: the self-measured blood pressure value is a reference value, and only when the posture and state are the same every time can blood pressure be effectively monitored. Therefore, to ensure the correct posture, rest quietly for 5 minutes, ban smoking or drinking coffee within 30 minutes, and empty the bladder, which is the standard measurement state.
Listen to a joke: high blood pressure rises by 5mmhg. Doctor: Blood pressure will rise regardless of sadness or joy.
"Blood pressure is controlled by emotions. Some people think that people who are irritable have high blood pressure. In fact, regardless of sadness or joy, people’s blood pressure will rise."
At 14: 40, the director told a joke when taking blood pressure. After the reporter laughed, the blood pressure value was 135/94, which was 5mmhg higher than before. Because it was not accurate, the blood pressure value was measured again within 1 minute, and it was 138/95, and then it was 141/95. People with normal blood pressure have detected high blood pressure.
People’s blood pressure is controlled by emotions, and it will fluctuate after emotions, and the blood pressure value will fluctuate by 2-10mmhg, which means that some people will have a cerebral infarction or myocardial infarction because of their high blood pressure after being overjoyed or furious.
◎ Focus on the correct measurement interval: blood pressure measurement should be repeated at intervals of more than 2 minutes, and the average of the two readings should be taken for record. If the interval is not enough, the blood vessels can’t relax effectively, which will make the blood pressure rise, and each time it is higher than the last time, which will easily make patients misjudge and take antihypertensive drugs excessively.
Life newspaper reporter Xu Riming
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