Perfect diary "bionic film" essence lipstick shining conference, promoting the continuous upgrading of beauty industry

  Nowadays, the competition in China’s cosmetics market is fierce, and the domestic cosmetics market has been growing, and more and more emerging brands have emerged. However, in the era of fragmentation, if brands want to break out of the circle and get long-term development, they must have a keen insight into the trends in the industry and have a deep understanding of the needs of consumers. As a new generation of professional beauty brand, Perfect Diary has been making continuous efforts in the field of make-up skin for many years, leading the new beauty trend of makeup and maintenance, and bravely climbing the beauty peak.

  In September last year, Perfect Diary once again waved the banner of innovation and successfully held the first launch conference of "bionic film" essence lipstick, which opened a new breakthrough in the integration of brand makeup and maintenance. This conference is a brand-new exploration of the definition of beauty, and it also brings more imagination space for exploring the combination of Industry-University-Research medicine and modern art aesthetics.

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  At the conference site, Perfect Diary also held the Biomimetic Membrane Technology Forum, and specially invited many experts such as Cheng Jing, chief scientific officer of Perfect Diary, to share and speak and witness the research and development story behind the new brand lipstick species, namely bionic membrane essence lipstick. Biomimetic film lipstick is the first product launched by Perfect Diary, which combines lip essence, blush makeup effect and lip film effect. The main purpose is to break through the limitations of traditional makeup products, and at the same time solve the problem of consumers’ demand for lipstick "color fixing and color locking", so that makeup products can also provide consumers with skin care effect and provide consumers with a brand-new product experience that truly conforms to the concept of "integrating makeup and nourishing".

  Perfect diary bionic film essence lipstick through the creation of lip bionic film Biolip™ Technology, with biotechnology research and development to enhance product efficacy, create lip bionic sebum film, while achieving excellent effects of color development and uniform color locking, it can also dilute lip lines, increase skin moisture content after continuous use for two weeks, significantly improve lip dryness and roughness, and make lip skin smoother. In addition, Perfect Diary has made great innovation in formula research and development with the first bionic film essence lipstick, and also chose to return to simplicity and neatness in packaging design, which is closer to the needs of consumers. The perfect diary of the new era adheres to the research and development concept of BIO-TEC biotechnology products, integrates biotechnology and skin care ingredients, and leads the new trend of cosmetic care.

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  Perfect diary insists on taking consumers as the center of gravity and constantly improving brand strength. I hope that in the future, Perfect Diary will continue to challenge the boundaries of beauty cosmetics, and together with various forces inside and outside the industry, it will continue to lead the growth and progress of beauty cosmetics, promote the sustainable development of beauty cosmetics industry with practical actions, and create more effective cosmetic products.

It’s a little summer today! "Sauna mode" is about to start. Are you ready?

Suddenly warm and windy.
Follow the light summer heat
At 17: 21 today
welcomeMinor Heatsolar term
This is the fifth solar term in summer.
Marks the midsummer debut
As the saying goes, "After a short summer, it is three points hot every day."
The summer heat is around the beginning of the summer.
The air humidity gradually increases.
The weather changed from dry heat to sultry heat.
"Sauna Mode" is about to start.
Are you ready?
There is a hot topic on Weibo.
# Who gave me the life in summer #
How to cool off summer heat and cope with bitter summer?
It has always been a big topic.
The ancients said: hide from the heat.
The best policy for summer vacation is to reduce going out.
For example, Tao Qian lies high in the north window with his hair covered.
The breeze is coming, and it’s very comfortable.
Nowadays, there are many leisurely ways to spend summer in ancient times.
It is difficult to intersect with the fast-paced modern life.
Air conditioner, beverage, iced watermelon
Our way to spend the summer
More simple and "rough" than the ancients.
However, the weather is sultry.
The human yang is also in a vigorous stage.
Therefore, we should also pay attention to "nourishing qi" while avoiding the summer.
Don’t stay in the air-conditioned room for a long time
Pay attention to ventilation and avoid being greedy for cold.
Wear some cotton clothes.
Maintain moderate exercise
Learn to stabilize your mood
Keep in a good mood
It is also a good way to avoid heatstroke.
In order to spend the summer safely
There are also many customs among the people.
For example, "eating jiaozi on your head" is widely spread.
People in Furi have poor appetite.
And in jiaozi, in traditional customs,
It’s just appetizing food.
Some places also have the habit of eating three treasures.
Monopterus albus, honey lotus root, mung bean sprouts
It’s both a summer vacation and an appetizer.
It’s fresh in season again.
"On June 6th, people dry their clothes and robes."
Before and after the light summer, the sunshine time is long.
Many families will also take advantage of this good time.
Take out the clothes and bedding at home to dry.
To remove moisture, mildew and moth.
unbearable hot summer
The coolness in summer is especially precious.
Ten thousand tiles are like fire dragons,
When the train is still, sweat melts.
Without the help of feathers,
Sit and feel steamed and cook.
How hot can it be in summer?
Lu You in the Song Dynasty described it this way
The tiles on the house are like fire dragons.
You can sweat like rain when you sit still.
A feeling of steaming and baking came to my face.
Bring a dog to chase after the cool outside the willow,
On the south bank of the painting bridge, I lean on the Hu bed.
In the moonlight, the ship’s horns are jagged,
The wind sets the pool lotus fragrant.
But even if it’s wet and hot
Can’t quench the elegance of life.
The wind blows the bamboo forest, and it is rustling.
Rain hits people, ticking softly.
Qin Guan’s "Cool" in Song Dynasty
A few strokes will outline a romantic summer picture.
Summer comes quietly.
Hot weather combined with busy work
It often makes people feel irritable and inefficient.
Try to let yourself empty.
Adjust your mood before you start.
2019 has already passed halfway.
May you be like the sunshine in summer.
Bright and vivid
Full of spirit to welcome the second half of the year
Reporting/feedback

Will there be an extreme cold wave this winter due to the "cliff-like" cooling and snowfall in many places?

  "Extreme cold waves are more likely to break out."

  After the "cliff-like" seasonal cooling during the National Day, a new round of cold air followed after the holiday, bringing strong winds, cooling and rain and snow to the central and eastern regions of China. According to the Central Meteorological Observatory, on the 10th, the impact of cold air was coming to an end. However, there were still moderate to heavy rains and local heavy rains in eastern Jilin and eastern Heilongjiang. There are sleet or small to medium snow in the northeastern part of Liaoning, the eastern mountainous area of Jilin and the southeastern mountainous area of Heilongjiang, and there are heavy snowstorms in the eastern mountainous area of Jilin.

  Despite psychological preparation, the temperature drop in early October exceeded expectations, and some areas experienced record-breaking heat and cold overnight in winter. From blowing air conditioners to wearing long trousers, people can’t help wondering: Why did the cold wave come so early this year?

  The temperature in many places in the south is "big diving"

  On October 2, the Central Meteorological Observatory issued a blue warning of cold wave, which is the earliest cold wave warning issued in the second half of the year since the Central Meteorological Observatory officially launched the early warning release mechanism in 2010. From 14: 00 on October 2 to 20: 00 on October 6, the temperature in most parts of central and eastern China generally dropped by 8 ~ 12℃, and the temperature in central and eastern Inner Mongolia, Northeast China, most of Shaanxi, Huanghuai, Jiang and other places dropped by 12 ~ 16℃, and the local temperature dropped by more than 18℃.

  When the cold wave in the north hit and the temperature dropped sharply, most areas in the south were still as hot as midsummer, and they were in the yellow warning of high temperature, with the local temperature reaching above 40℃. 470 national meteorological stations such as Hefei, Nanchang, Changsha and Hangzhou also broke the record of the highest temperature in October. It is understood that this is also the first time in history that two early warnings of high temperature and cold wave have been released at the same time.

  When the cold air drives straight, the temperature in many places in the south "dives", and the temperature in some areas such as Anhui, Hubei and Jiangsu even drops by more than 20℃. First, it experienced the hottest in the same period in history, and then it experienced a "seasonal" cooling. Many netizens in the south said that it seemed to be a day from summer to winter.

  After the National Day holiday, a new cold air continued to hit, which was accompanied by rain, snowfall and windy weather. From 8th to 10th, a new round of strong cold air will affect the central and eastern regions of China, and the lowest temperature in some northern regions will hit a new low since autumn. In addition to cooling, it also brings strong winds, rainfall and snowfall.

  On the 10th, the impact of cold air came to an end, but there was still cooling and rain and snow in the northeast. On the 11th, the lowest temperature in Guangdong fell below 10℃, and the lowest temperature in most parts of the province hit a new low in the second half of the year.

  This is a crisp autumn in October, and the cold air continues to exert its strength. Many places in China have "seasonal cooling". Why? Zhang Tao, chief forecaster of the Central Meteorological Observatory, analyzed that in the first half of the National Day holiday, the subtropical high was unusually strong and had a large influence range, and the highest temperature broke the historical extreme value in some parts of the north and south, showing a warmer trend on the whole. Under such circumstances, a strong cold air cut down from the low altitude of the subtropical high from north to south, the ground temperature dropped sharply, and the cold and warm air confronted each other, resulting in rainy weather along the Huaihe River, and the continuous rainy days led to the coldest day in the same period in history.

  The recent frequent cold air activities will have an impact on the drought in the Yangtze River basin in China. Peng Jingbei, a senior engineer in lasg, analyzed that, on average, the precipitation in autumn in the Yangtze River basin is less than that in summer. Precipitation often occurs in areas where cold and warm air meet. When the cold and warm air forces are equal, it is easy to have continuous precipitation. However, since October, China has been hit by strong cold air one after another. On October 8-9, windy weather appeared in Beijing and other places, with gusts of 7-9 and local level of 10. Such a strong wind shows that the cold air is strong, and in this case, it is not easy to sustain heavy precipitation in the southern region. "In fact, on October 5-9, the temperature in the Yangtze River basin was more than 4 C lower than normal, but the meteorological drought in the Yangtze River and its south remained."

  Will it be colder in winter?

  After experiencing the latest high temperature warning and the earliest cold wave warning in history, many netizens are worried that autumn is already very cold, will it be colder this winter and will it experience extreme cold wave?

  Earlier in September, the United Nations World Meteorological Organization (WMO) predicted that La Nina, which began in 2020, would last until the end of this year, which would be the first "triple" La Nina phenomenon in the 21st century.

  In fact, as early as April-May this year, the Institute of Atmospheric Physics of Chinese Academy of Sciences used the scientific apparatus Earth System Simulator to predict that La Nina events will occur for three consecutive years in 2022-2023, and provided accurate prediction and early warning to relevant departments. In the spring and summer of 2022, the sea surface temperature in the tropical Middle East and Pacific Ocean has been in a relatively cold state all the year round, and the coldness has further intensified since autumn. The latest forecast results show that the current La Nina state will continue and develop in autumn and winter in 2022, reaching its peak in winter.

  Will the influence of the new round of La Nina be greater than that of the past two rounds? Zheng Fei, a researcher at the Institute of Atmospheric Physics of the Chinese Academy of Sciences, said that it is impossible to judge at present. On the one hand, there are few examples of La Nina events for three consecutive years in history, so it is impossible to give a statistical conclusion; On the other hand, the intensity of this La Nina event will be in the category of moderate intensity, and how to develop and influence China’s climate in the future still needs to be predicted continuously to enhance its credibility.

  At the end of September, Xiao Chan, deputy director of the National Climate Center, said at the regular press conference of China Meteorological Bureau that under the background of global warming, the frequency of warm winters has increased since 1986. In the winter after La Nina incident, there were years when the temperature was low. The main characteristics of the abnormal temperature in winter were: the temperature in most parts of the country was lower than normal, especially in northern North China, southern Northeast China, most of southern China, eastern and northern Southwest China, and most of northwest China. After the La Nina incident, the winter precipitation in China mainly shows as follows: a large range of precipitation is less, especially in the eastern part of Northeast China, along the middle and lower reaches of the Yangtze River, in the southern part of Southwest China, and in northern Xinjiang. There is more precipitation in the northern part of southwest China and the eastern part of northwest China.

  However, Xiao Chan also pointed out that La Nina event is only one of the external forcing factors that affect China’s winter climate. China’s winter climate is also affected by Arctic sea ice, Eurasian snow and other factors, and the natural variability within the atmospheric system also plays an important role. The Meteorological Bureau will strengthen the judgment and provide more detailed forecast opinions in late October.

  Zheng Fei believes that under the synergistic influence of La Nina event and the warm Arctic Ocean, the cold air activity in China is likely to continue to be strong this winter, and it is prone to staged low temperature and extreme cold events. At present, based on the warm Arctic sea temperature in the previous period and the possibility of La Nina events in the future, it is predicted that the temperature in some parts of northern China will be slightly lower this winter, which may lead to staged low temperature due to the influence of staged cold air, and the possibility of extreme cold wave outbreak is high; In some parts of the south, there is the possibility of disasters such as low temperature, freezing, rain and snow, so we need to be vigilant and raise our awareness of prevention.

  Luo Jingjia, a national distinguished professor of Nanjing University of Information Science and Technology, also said in an interview with Modern Express that for East Asia, the winter under the influence of La Nina will be colder. However, the emission of carbon dioxide is increasing, and the degree of coldness may not be so obvious compared with the previous La Ni? a event, which may not cause a very cold winter, but its cooling may be reflected by the occurrence of a cold wave phenomenon. "Therefore, we should pay special attention to the number and intensity of possible cold waves this winter."

  Expert: Extreme cold events tend to increase.

  In the past summer, there were rare high temperature and heat waves in all parts of the northern hemisphere. Most parts of China are also shrouded in high temperature, and high temperatures above 40 C continue to appear in many places. Global warming, why is there a strong cold wave?

  Many experts said that there is no contradiction between strong cold wave and global warming. It is in the context of global warming that the climate is more unstable, with the frequency and intensity of extreme weather events such as rainstorm, high temperature heat wave, drought and flood in summer, extreme low temperature and cold wave in winter increasing. For example, from December 2020 to January 2021, China suffered from extreme cold waves one after another, resulting in large-scale cooling and extreme low temperatures in many places.

  Zhao Liang, a senior engineer in lasg, told China Newsweek that from the statistics of frequency, in the past 20 years, the number of cold wave days in winter in China showed a downward trend as a whole, but there was a great difference in time and space. Spatially, the reduction of cold wave days mainly occurred in the south, but the number of cold wave days in the north, especially in the northeast, did not decrease. In time, the frequency of strong cold waves is more in the first half of winter, and the reduction of cold waves is mainly concentrated in the second half of winter (February).

  It is worth noting that since 2008, the average minimum temperature of the coldest winter period in eastern China, that is, the strongest cold wave events every year, is lower than that in the 1980s and 1990s, that is to say, the strong cold wave events have an increasing trend.

  Zhao Liang further analyzed that the change characteristics of cold events in China are closely related to the important changes of atmospheric circulation and polar system in the northern hemisphere caused by global warming. Among them, the warming of the Arctic in winter and the cooling of the mid-latitude continent — — That is to say, the warm Arctic-cold continent phenomenon is an important change pattern. This phenomenon has an important connection with the outbreak of extreme cold events in mid-latitudes, including China, especially aggravating the strong cooling events in northern China.

  "With the persistence of global climate anomalies, it seems that the extreme cold (cold wave) event in the northern hemisphere in winter has been ‘ Home-cooked meals ’ . But there is great uncertainty about where and when it will happen, "said Yao Yao, an associate researcher at the Institute of Atmospheric Sciences. The continuous increase of greenhouse gases has made the earth warmer and warmer, and the atmosphere on which human beings depend has become increasingly unstable. For the northern hemisphere, polar vortex will become unstable more easily in winter. Under the guidance of favorable atmospheric circulation system, cold air will break through the westerly jet barrier more easily and frequently, and then be transported to middle and low latitudes, causing extremely cold (cold wave) weather.

  For the early warning of extreme cold events, Zheng Fei stressed that short-term weather forecast and climate trend forecast for more than two weeks should be strengthened to improve the prevention and early warning of freezing rain and snow disasters. At the same time, agriculture, animal husbandry, energy and transportation industries need to pay close attention to the early warning of freezing rain and snow disasters and formulate effective preventive measures and emergency plans.

What if the car is not easy to start in winter?

In winter, it is often difficult to start a car. If you encounter this situation, you can try to press the accelerator while turning the key to light the fire. This method is very effective, but when the car starts, you should pay attention to loosen the throttle properly, because excessive stepping on the throttle will cause damage to the car. If this method still fails to solve the problem, there may be the following reasons:

1. The battery is short of electricityIt is the most common reason that makes it difficult to start a car in cold weather. The lower the temperature, the lower the battery capacity. Generally speaking, the life of a battery is about 3 years. When the engine is difficult to start, the headlights are dim or the horn sound is unclear, you should check whether the battery is short of electricity.

2. The exhaust pipe is frozen

It is also a common problem. If the car is used less frequently and the route is shorter, the water vapor after engine combustion will freeze in the exhaust pipe, and short-distance driving is not enough to melt it. After a night, there will be more ice, which will affect the starting and exhaust of the vehicle.

3. Poor performance of engine oil or incorrect selection.

It may also lead to difficulties in starting the car. In winter, the viscosity of engine oil increases greatly, which leads to the increase of internal resistance of engine. Therefore, low viscosity engine oil should be used to cope with the cold weather in winter.

Note that the above method is only applicable to the situation that the car is difficult to start. If the problem still exists, please contact professional car maintenance personnel for inspection and maintenance.

Zheshang Bank launched a real estate debt basket and accurately served the real estate financing needs.

On January 26 th, Titanium Media App reported that the General Administration of Financial Supervision held a meeting to deploy and promote the implementation of the coordination mechanism for urban real estate financing. Actively responding to the call of national policies, we officially launched the real estate debt basket on January 25, 2024, and independently underwritten and issued the first asset-backed debt financing tool for real estate enterprises. Through a series of innovative measures, the bank’s real estate bonds provide market liquidity, accurately support real estate enterprises, boost the market confidence of real estate enterprises and help their financing needs while meeting the trading needs of investment institutions.

It is understood that the real estate bond basket (basket code: BBX026002) launched this time has a trading unit of 30 million yuan, and the portfolio includes three real estate corporate bonds, each of which is 10 million yuan. All of them select high-quality real estate bonds with a remaining maturity of less than 5 years, which has both allocation value and market liquidity. The bonds in the portfolio will be adjusted according to the actual market situation.

While launching the real estate debt basket, Zheshang Bank also innovatively launched the asset-backed debt financing tool for real estate enterprises. On January 25th, Zheshang Bank independently underwritten and issued the asset-backed debt financing instrument (CB) of Huayuan Real Estate Co., Ltd., with a total scale of 290 million yuan and a term of 2 years.

Burning ice and snow spell out the future; skiing can also be practiced at sea, and the training in the Winter Olympics is more abundant

CCTV News:Snowboarding is a key event in the Winter Olympics. As the Winter Olympics approaches, athletes are actively preparing for the games. How do the athletes who participate in snowboarding train in summer or when there is no suitable venue?

Because the project setting, technical essentials and athletes’ own conditions are highly similar to the snowboarding events in the Winter Olympics, the State Sports General Administration has now taken electric surfing as an important auxiliary training subject for snowboarding to help train for the 2022 Beijing Winter Olympics.

A few days ago, the 2021 China Electric Surfboard Open was closed in Hainan, and many athletes preparing for the snowboarding in the 2022 Winter Olympics also appeared at the competition site. It is understood that the electric surfboard is relatively new as a sport developed from surfing and skiing. The ring race and slalom are very similar to snowboarding, and the athletes’ standing posture, board control skills and speed are also very similar.

Wang Zitong, an athlete of the national training team for cross-border cross-country snowboarding in the Water Sports Management Center of the State General Administration of Sport:Balance, including technical movements, has certain similarities. We have some surges and waves in the sea, which are very similar to some packages and platforms we encounter in the snow, so we can practice the same skills and have the same sense of balance whether in summer or winter.

For this reason, the State Sports General Administration has taken electric surfing as an important auxiliary training subject for snowboarding, which also makes electric surfboards an important equipment for the summer training of the cross-border cross-country snowboarding national training team.

Zhang Yin, Deputy Director of the Second Department of the Water Sports Management Center of the State Sports General Administration:It is a common way in the world to use power surfboards as a summer training method for snowboarding. Since the national training team for cross-border cross-country snowboarding was established in 2018, it has practiced special skills through power surfboards in summer.

National Ski Resort | Jinshanling Ski Resort

Jinshanling Ski Resort is located in Luanping, Hebei Province. It is an important ice and snow holiday destination built by Hebei Tourism Investment Group on the tour line around Beijing. It is built by Luanping Company of Hebei Tourism Investment Group, and its business covers ice and snow sports, outdoor sports in mountainous areas, staying at home and vacationing, etc. The planned resort covers an area of about 25 square kilometers, with a total planned investment of 7 billion yuan and a total construction area of about 1.776 million square meters. It focuses on the advantages of business format, location and brand, and is characterized by alpine skiing. The resort has been included in the High-quality Development Plan of Tourism in Hebei Province (2018-2025) and the Development Plan of Ice and Snow Industry in Hebei Province (2018-2025). It is a provincial key project and a national preferred tourism project, and has won many honors, mainly including: national ski resort, ski instructor’s national identity card training and evaluation base, designated venue of ice and snow events in Hebei Province, and sports industry demonstration unit in Hebei Province.

A professional ski resort in the golden belt

Jinshanling Ski Resort is located in the Golden Ski Resort at 41 degrees north latitude, near the same latitude as the world famous resort Alps.

It is a semi-arid and semi-humid continental monsoon Yanshan mountain climate with four distinct seasons, long in winter and short in summer. Affected by the unique mountainous terrain and climate, the average annual temperature in the resort is 7.8℃, and the average winter temperature is -7℃, which is very suitable for skiers in both temperature and wind. The snow-covered period lasts for more than four months, and the skiing period can last from mid-November to mid-March. As a famous summer resort, Chengde has a unique advantage in skiing in winter.

Jinshanling Yinhe Ski Resort is an important part of the resort, and it is a rare professional ski resort. The main ski resort is planned by the Canadian company Ecosign, which has designed the venue for the five Winter Olympics. A total of 31 ski trails have been built, with a total length of about 60 kilometers and a total area of about 1.6 million square meters. It has unique advantages such as an altitude of 1,750 meters, a drop of 600 meters, a long ski trail of 6 kilometers and no wind. After completion, it can meet 18,000 people skiing at the same time. In the snow season this year, the first toothed rail tour bus will be newly put into domestic ski resorts.

The ski resort also has the longest cross-country fitness trail, with wild ski trails such as low mountains, jungle crossing and canyon crossing, which provides everyone with an opportunity to release themselves.

Linkage with surrounding industries to form industrial clusters

At present, there are about 46 million tourists in Chengde every year. Jinshanling Ski Resort highlights the theme of skiing and the characteristics of sightseeing, raising, living, entertainment and sports, which provides a new growth pole for accepting existing tourists and attracting new tourists.

Jinshanling Ski Resort continues to inherit Chengde’s profound culture and the special resource endowment of "skiing in winter and summer", establishes the business philosophy of "sharing interests, complementing advantages and developing together", develops characteristic tourism, optimizes local resource allocation, improves local tourism reception level, makes up for the lack of winter tourism projects in Luanping, adapts to market demand, builds a ski tourism resort complex, expands tourism industry types in Luanping County, and brings economic benefits to the project itself. Improve the local tourism reception capacity and reception level, promote the development of related business meetings and leisure and holiday projects, increase local government taxes, improve the income level of local residents, digest surplus labor, and contribute to the rapid and healthy development of regional economy.

Relying on location advantages to develop all-season tourism

Jinshanling Ski Resort plans to integrate the world of ice and snow, outdoor experience, beautiful valley, lodging hotel and cultural tourism real estate, and plan the ski sports area, healthy lodging area, cultural tourism resort and Damei Valley Gallery as "three areas and one gallery" to create a tourist attraction from single season to all season.

At the same time, the scenic spots around Jinshanling International Ski Resort are gathered and rich in tourism resources. chengde mountain resort, Jinshanling Great Wall, Baicaowa National Forest Park, Anaya Jinshanling, Longhua Hot Valley, Saihanba National Forest Park and other famous scenic spots are all around, which is the only place for the golden tourism line.

The resort will form complementary tourism with the surrounding industrial resources, improve the supporting reception facilities, build a tourism leader in Chengde, and help Chengde tourism to transform into a four-season tourism, and finally form a sustainable all-season tourism model.

managing editor: Yi Zhuo
Reporting/feedback

In the new era, China’s high-quality economic development, industrial and financial cooperation and building a manufacturing power.

  The large-scale fire fighting/water rescue amphibious aircraft AG600 was assembled and rolled off in Zhuhai a few days ago. This is another major achievement made by China in the field of large aircraft. Every breakthrough of "Made in China" is a powerful annotation of China’s economy. Xinhua news agency

  [Economic Interface, Building a Modern Economic System]

  Manufacturing is the main body of the real economy and the foundation of the construction of a modern economic system. How to allocate more financial resources to the key areas and weak links of manufacturing development in accordance with the spirit of the 19th National Congress of the Communist Party of China, promote the transformation from China manufacturing to China creation, from China speed to China quality, and from a manufacturing power to a manufacturing power, are major issues facing China’s high-quality economic development in the new era.

  Finance is the lifeblood of modern economy, and smooth finance leads to substantial prosperity. Finance supports the construction of manufacturing power, on the one hand, it needs finance to return to its origin and enhance the ability to serve the development of manufacturing industry; On the other hand, it is also necessary to actively create conditions to provide guarantee support for financial reform and innovation.

  1. What is the root cause?

  Financing is difficult and expensive for manufacturing industry.

  [status quo]

  Data show that from 2006— In the decade of 2016, the proportion of loans in China’s manufacturing industry dropped from 25% to 16.2%. Affected by this, the growth rate of China’s manufacturing investment continued to decline from 2012 to 4.2% in 2016, and it decreased by 27.4 percentage points in five years, which lasted for a long time and the decline was unprecedented. Although it stopped falling and rebounded in 2017, it was only 4.8%.

  Financing is difficult and expensive, which is a prominent problem in the development of China’s manufacturing industry in recent years.

  2006— In the decade of 2016, the proportion of loans in China’s manufacturing industry dropped from 25% to 16.2%. Affected by this, the growth rate of China’s manufacturing investment has continued to decline since 2012. Investment is not only related to the current economic growth, but also to the cultivation and generation of new kinetic energy, which plays a key role in optimizing the supply structure. The weak investment has seriously restricted the optimization and upgrading of China’s manufacturing industry.

  The formation of this problem is first related to the inadaptability of China’s manufacturing development under the new normal, and also reflects the inadaptability of China’s financial structure. For a long time, the development of China’s manufacturing industry has a remarkable "speed-benefit" feature, with economic growth reaching more than 10%, and all industries, trades and enterprises will make profits; Once the economic growth is lower than 8%, many industries will suffer industry-wide losses. With China’s economic development entering a new normal, the growth rate has shifted from high-speed growth of about 10% to medium-high-speed growth of about 7%, and the efficiency of enterprises has begun to decline continuously. The research shows that the average return on equity of China’s A-share non-financial listed companies has been declining since 2010, from 12.9% to 6.8% in 2015, while the weighted average asset-liability ratio has increased from 58.2% in 2010 to 60.1% in 2015. In 2016, the leverage ratio of the enterprise sector was still as high as 165%, far higher than the international warning line of 90%.

  From the perspective of financial structure, bank loans, bonds and stocks currently account for more than 80% of the financing amount of the real economy. These three financing methods all have typical procyclical characteristics. When the economic situation is good, the benefits of enterprises are good, banks are willing to lend, and it is easier to issue bonds and stocks; The economic situation is not good, and the efficiency of enterprises is declining. For the sake of risk prevention and control, banks will be reluctant to lend, suppress loans or even cut off loans, and it is difficult to issue bonds and stocks. Before 2012, this financing method will not have much problem for the investment development of enterprises, because the economic growth rate has decreased, but it is a short-term fluctuation in high-speed growth, and it will soon resume high-speed growth. In other words, China’s financial structure based on bank loans is more suitable for the previous high-speed growth stage. Facing the requirements of high-quality development in the new era, it also needs reform, optimization and innovative development.

  Revitalizing manufacturing industry, especially advanced manufacturing industry, is the key to realize a virtuous circle of economy in the short term and the lifeline of national economy in the long term. Finance is the lifeblood of modern economy, and smooth finance leads to substantial prosperity. Facing the inevitable requirement of China’s economic development in the new era and the fierce competition in the world, we must focus on eliminating the financing constraints of manufacturing development, guide and promote finance to improve the efficiency and level of service manufacturing development, and accelerate the construction of a manufacturing power.

  2. How to support it

  Create new demands of powerful countries for financial development.

  [trend]

  The development of China’s manufacturing industry in the new era requires not only effective financing support from finance, but also a series of service solutions including consulting, investment and financial management, so as to realize the transformation from "financing" to "integrating wisdom".

  At present, the scale of China’s manufacturing industry has been ranked first in the world for seven consecutive years, but the problems of insufficient development imbalance such as key core technologies being controlled by people and lack of world-renowned brands are still very prominent. We must implement the innovation-driven development strategy with greater efforts, accelerate the development of advanced manufacturing industries, support the optimization and upgrading of traditional industries, and promote quality change, efficiency change and power change.

  Different development needs different financial support. First, we should vigorously implement differentiated credit policies. At present, bank credit funds account for more than 2/3 of China’s real economy financing. In accordance with the requirements of supply-side structural reform, we should improve and optimize credit conditions, support the manufacturing industry to increase varieties, improve quality and create brands, actively resolve excess production capacity, eliminate backward production capacity, and give full play to the role of finance in promoting the optimization and upgrading of industrial structure. At the same time, we should vigorously develop small and medium-sized banks and private financial institutions. It is strictly forbidden for bank funds to enter the stock market and real estate market for speculation and so-called innovation that is divorced from the real economy. In fact, after World War II, Germany and Japan also experienced a situation similar to today’s China. In order to accelerate the upgrading and development of manufacturing industry, both governments have adopted structural credit support policies.

  Second, vigorously develop industrial chain finance, financial leasing and other financial services that are directly integrated with the industry. Industrial chain finance is a service model that financial institutions rely on the core enterprises in the industrial chain to provide comprehensive solutions for all enterprises in the industrial chain. Compared with bank loans, it is more service-oriented and targeted. However, financial leasing integrates financing and material integration, and reduces the pressure of one-time payment of funds, which provides an effective way for enterprises to upgrade their technical equipment. In 1950s and 1960s, the United States upgraded its technical equipment in this way. At present, the penetration rate of financial leasing in developed countries such as the United States and Britain remains above 50%, while China has not yet reached 5%, and there is still much room for improvement.

  Third, actively develop venture capital (VC), private equity funds (PE) and other financing products, and explore service modes such as equity pledge loans and investment-loan linkage to provide long-term and stable financial support for the innovation and development of manufacturing industry. VC is future-oriented, and values the potential and benefits of the future development of enterprises. It does not require the past operating conditions, nor does it require enterprises to provide financing mortgages. PE is a combination of financing and financing, which not only provides capital support for enterprise development, but also provides all-round value-added services for enterprises, such as coordinating the relationship between enterprises and other enterprises in the industry, expanding procurement or sales channels, improving governance structure, etc. It is a capital that can span the economic cycle and is intellectual capital. VC and PE still have great development potential in China.

  Fourth, efforts should be made to provide specialized comprehensive financial services for enterprises to "go global". The "Belt and Road" construction is an important measure for China to implement all-round opening up in the new era. As an important part and implementer of this strategy, it is inevitable for the manufacturing industry to "go global". However, the economic development level of the 65 countries along the "Belt and Road" is uneven, and the social system is very different. Relevant research shows that in 33 countries, the proportion of stock transactions to GDP is less than 10%, and direct financing is almost lacking; There are 24 countries with higher real interest rates than China, and the credit supply is seriously insufficient. Faced with this situation, we must coordinate financial support methods such as policy banks and commercial banks, banks and non-banks, financial innovation and institutional mechanism reform, and strive to provide professional, personalized and diversified financial support for the manufacturing industry to "go global".

  3. Explore practice

  Realize the benign interaction between finance and manufacturing industry

  [deployment]

  In order to promote the benign interaction and coordinated development between finance and manufacturing, the Ministry of Industry and Information Technology, the Ministry of Finance, the People’s Bank of China, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission have jointly issued and implemented a series of policies and measures since 2016, and conducted exploration and practice of industrial and financial cooperation.

  Finance is related to the overall economic and social development and has its own development laws and requirements. Finance supports the construction of manufacturing power, on the one hand, it needs finance to return to its origin and enhance the ability to serve the development of manufacturing industry; On the other hand, it is also necessary to actively create conditions to provide guarantee support for financial reform and innovation.

  The General Office of the State Council clearly stated in the Notice on Establishing the Made in China 2025 National Demonstration Zone (Guo Ban Fa [2017] No.90) that it is necessary to "actively promote the integration of industry and finance, establish an industry-finance information docking platform, innovate financial support methods, and enhance the ability and efficiency of financial support for manufacturing development". The so-called integration of production and operation refers to the institutional innovation practice carried out by government departments, financial institutions and industrial enterprises to improve the efficiency and level of financial service manufacturing. Among them, government departments mainly build platforms and mechanisms for the interaction and cooperation between financial institutions and industrial enterprises, and at the same time, make necessary improvements and reforms to relevant policies and regulations and institutional mechanisms, support the market to play a leading role in the allocation of financial resources, and do not interfere in the business decisions of financial institutions and manufacturing enterprises.

  The integration of production and operation has been highly recognized and actively participated by all parties concerned for more than a year, and remarkable results have been achieved. Taking the docking between banks and enterprises as an example, according to incomplete statistics, as of December 2017, more than 5,000 banking institutions involved in the integration of production and operation have actually issued loans of more than 3 trillion yuan to more than 95,000 enterprises. The root of this achievement lies in the fact that the integration of industry and finance has realized the communication and interaction between financial institutions and industrial enterprises at the macro and micro levels by establishing the coordination mechanism of industrial and financial information docking and direct docking between banks and enterprises, and solved the information asymmetry problem of all parties; By means of financial discount, reward, compensation and shareholding, the problem that financial departments are unwilling to invest and enterprises cannot afford to invest has been solved; It provides an effective way to actively and steadily promote financial reform through pilot projects and gradual advancement.

  At present, the integration of industry and production is just the beginning. In the next step, we will focus on the following six aspects: First, make full use of big data, cloud computing and other information technology means to establish more convenient, fast and efficient information communication channels; The second is to expand the field of production-integration, support enterprises to effectively use the capital market to optimize the industrial organization structure and industry layout, encourage financial institutions to innovate services and support enterprises to "go global"; Third, give full play to the leverage guiding role of financial funds and drive financial capital to support the development of strategic, basic and leading industries; Fourth, encourage financial innovation products and services, and support the construction of the Made in China 2025 National Demonstration Zone; Fifth, evaluate and summarize the situation of industrial integration in pilot cities, put forward reform suggestions, and promote the reform of financial system and mechanism; The sixth is to promote enterprises to incorporate the content of production integration into strategic planning and management process reengineering, build industrial culture in the new period and enhance the soft power of enterprises.

   (Author: Wang Xinzhe, chief economist of the Ministry of Industry and Information Technology)

Central Meteorological Observatory: Cold air will affect most parts of China. There is heavy fog in Huanghuai and other places in North China.

CCTV News:According to the website of the Central Meteorological Observatory, due to the influence of strong cold air, from 10th to 13th, northerly winds of 4~6 grades will appear in most parts of northwest China, North China, Northeast China and most parts of the south of the Yangtze River, with the temperature dropping by 4~8℃, and the temperature in central and southeastern Inner Mongolia, Liaoning, Jilin and southeastern Heilongjiang will drop by 10~14℃, and the local temperature will be above 14℃. It is estimated that from the morning of November 10th to the morning, there will be foggy weather with visibility less than 1km in parts of eastern Beijing, Tianjin, northeastern and southern Hebei, southeastern Shanxi, northwestern and southern Shandong, Jiangsu, eastern Anhui, Shanghai, northern Zhejiang, central and northern Shaanxi and Hetao area of Inner Mongolia.

  Cold air will affect most parts of China.

  Affected by strong cold air, from 10th to 13th, northerly winds of 4-6 grades will appear in most parts of northwest China, North China, Northeast China and most parts of the south of the Yangtze River, and the temperature will drop by 4-8℃. The temperatures in central and southeastern Inner Mongolia, Liaoning, Jilin and southeastern Heilongjiang will drop by 10-14℃, and the local temperature will be above 14℃.

  Among them, from 08: 00 on November 10 to 08: 00 on December 12, the temperature in central and eastern Xinjiang, most of Inner Mongolia, Gansu, eastern and northern Qinghai, Ningxia, Shaanxi, western Shanxi, northern Hebei, western Liaoning, western Jilin, western Henan, northeastern Sichuan and other places will drop by 4~6℃, and the cooling range in parts of western and southern Gansu, Hetao area of Inner Mongolia and northwestern Shaanxi will reach 8 ~ 10. There will be 4~6 northerly winds and 7~8 gusts in the above areas (see Figure 1). The Central Meteorological Observatory continued to issue the gale cooling forecast at 06: 00 on November 10th.

  Figure 1 National gale cooling forecast chart (08: 00 on November 10th-08: 00 on December 12th)

  Affected by cold and warm air, there will be a wide range of rain and snow weather in the central and eastern regions from the 10th to the 12th, with heavy rain in parts of Shaanxi, south-central Shanxi, central and northeastern Hebei and south-central Liaoning. There are heavy snowstorms in parts of central and southeastern Inner Mongolia, northern Liaoning, Jilin and southeastern Heilongjiang.

  There is heavy fog in Huanghuai and other places in North China

  It is estimated that from the morning of November 10th to the morning, there will be foggy weather with visibility less than 1km in parts of eastern Beijing, Tianjin, northeastern and southern Hebei, southeastern Shanxi, northwestern and southern Shandong, Jiangsu, eastern Anhui, Shanghai, northern Zhejiang, central and northern Shaanxi, Hetao area of Inner Mongolia, etc. Among them, visibility is less than 500km in parts of southern Tianjin, northern Jiangsu, northeastern Anhui, Shanghai, northern Zhejiang and Hetao area of Inner Mongolia. The Central Meteorological Observatory continued to issue a foggy yellow warning at 06: 00 on November 10.

  Specific forecast for the next three days

  From 08: 00 on November 10 to 08: 00 on November 11, there were small to medium snow or sleet and local heavy snow in parts of western and northeastern Inner Mongolia, northwestern Heilongjiang, eastern and northern Qinghai-Tibet Plateau, central and eastern Gansu and northern Ningxia. There are small to moderate rains in Hetao area of Inner Mongolia, Liaoning, south-central Gansu, most of Ningxia, Shaanxi, Shanxi, southwestern Hebei, western and northern Henan, Sichuan Basin and eastern Zhejiang, among which there is heavy rain (25 ~ 45 mm) in parts of northwestern Shaanxi. There are 4 ~ 6 winds in parts of eastern Xinjiang, most of Inner Mongolia, Hexi in Gansu and Ningxia (see Figure 2).

  Figure 2 National Precipitation Forecast Chart (08: 00 on November 10th-08: 00 on November 11th)

  From 08: 00 on November 11th to 08: 00 on the 12th, there were small to medium snow or sleet in parts of Inner Mongolia, Heilongjiang, western Jilin, eastern and southern Qinghai, central and southern Gansu, Ningxia, northwestern Shaanxi and northern Hebei, among which there were heavy snowstorms (10 ~ 19 mm) in parts of central and eastern Inner Mongolia and western Jilin. There are small to moderate rains in the eastern and southern parts of Northeast China, south-central North China, eastern Northwest China, Huanghuai, Jianghan and Sichuan Basin, among which there are heavy rains (25-45 mm) in parts of central Jilin, western Liaoning, southwestern Shaanxi, north-central Hebei, northeastern Beijing and southwestern Shandong. There are 4 ~ 6 winds in most parts of Inner Mongolia, Northeast China, Huanghuai and other places (see Figure 3).

  Figure 3 National Precipitation Forecast Chart (08: 00 on November 11th-08: 00 on December 12th)

  From 08: 00 on November 12 to 08: 00 on November 13, there were small to medium snow or sleet in parts of eastern Heilongjiang, central and eastern Jilin, central and northern Liaoning, southern Qinghai, northern and eastern Tibet, and northern Sichuan Plateau. Among them, there were heavy snowstorms (10-19 mm) in parts of southeastern Heilongjiang and central and eastern Jilin. There are small to moderate rains in parts of the south of Northeast China, the southeast of Northwest China, Huanghuai, Jianghuai, Jianghan, northern Jiangnan, eastern Southwest China and Hainan Island, among which there are heavy rains (25 ~ 35 mm) in parts of eastern Liaoning and northeastern Chongqing. There are 4 ~ 7 winds in parts of central Inner Mongolia, Liaoning, northern Hunan and northern Zhejiang (see Figure 4). There are 7 ~ 8 strong winds in Bohai Sea.

  Figure 4 National Precipitation Forecast Chart (08: 00 on November 12-08: 00 on November 13)

  Influence and concern

  From the night of 1.9 to the 13th, strong cold air continued to affect our country, with strong winds cooling in the central and eastern regions and large-scale rain and snow in the north, and we were concerned about the adverse effects on traffic, urban operation, human health and energy supply.

  2.10-11 Fog or haze weather and its influence in Huanghuai and other places in North China;

  3. Pay attention to the development trend of meteorological drought in Jiangnan and northern South China;

  4 forest and grassland and urban and rural fire prevention meteorological services.

China Consumers Association and China Tea Association: Advocating moderate tea packaging to promote green and civilized consumption.

  China Consumers Association and China Tea Circulation Association jointly issued a proposal today to advocate moderate tea packaging and promote green and civilized consumption.

  "Tea is the national drink". China is the hometown of tea and has a profound tea drinking culture. Tea and tea culture have become a beautiful business card of China in the world. In recent years, the tea industry has developed by leaps and bounds. More categories and brands of tea have entered the consumer market, deeply integrated into the lives of China people, and improved the quality of life of consumers in China. However, there have also been some excessive luxury and extravagance in the packaging of tea products, which has damaged the rights and interests of consumers, affected the image of the tea industry and is not conducive to its healthy development.

  On September 1, 2023, "Restricting Over-packaging of Commodities Requires Food and Cosmetics" will be fully implemented. In terms of consumers’ rights and interests, the Law on the Protection of Consumers’ Rights and Interests also stipulates that "the state advocates civilized, healthy, resource-saving and environmental-friendly consumption patterns and opposes waste". It has become the consensus of all walks of life, including operators and consumers, that "it is the duty of operators to practise economy and consumers to oppose waste". The recent consumer perception survey conducted by China Consumers Association shows that consumers have concentrated on the problem of over-packaging of tea, and hope that the tea industry will set an example in eliminating over-packaging and promoting green and civilized consumption.

  China Consumers Association and China Tea Circulation Association, starting from opposing excessive packaging of tea, jointly issued an initiative of "advocating moderate packaging of tea and promoting green and civilized consumption" to the majority of operators and consumers in line with the principle of laying equal stress on standardizing the production of tea products according to law and promoting the development of tea industry to meet the needs of consumers.

  First, strictly abide by state regulations and resolutely operate according to law.

  Tea business operators shall abide by the Law on Prevention and Control of Environmental Pollution by Solid Wastes, the Law on Promotion of Circular Economy, the Law on Promotion of Cleaner Production, the Law on Anti-unfair Competition, the Advertising Law, the Food and Cosmetics for Restricting Overpackaging of Commodities, and other laws and national standards, and produce according to the standards according to law. Conscientiously carry out self-inspection and self-inspection, implement, use and meet the standards as soon as possible, ensure that the rectification is in place when the standards are implemented, and promote the return of tea products to the attributes of the goods themselves. For goods with accessories, accessories, etc., we should make reasonable combinations according to law in accordance with the necessary principles, and do not play "edge ball", so there is no luck.

  Second, fair competition and respect for consumer rights and interests

  Respect the rights and interests given to consumers by the Consumer Protection Law. By standardizing commodity packaging, scientific pricing and reasonable marketing, we will provide consumers with quality and affordable products. According to the principle of plain code and real price, the accessories and accessories are marked separately, so that consumers can choose independently. Consciously resist using commodity packaging as a gimmick to induce or mislead consumers to make purchases. Respect consumers’ rights such as the right to know, the right to choose independently and the right to fair trade. Do not use excessive packaging for unfair competition, and do not harm the legitimate rights and interests of other operators.

  Third, promote frugality and promote green consumption

  Tea operators should firmly establish the concepts of "safety, practicality, resource conservation, green simplicity and consumer friendliness" and promote frugality. Actively explore the establishment of packaging recycling mechanism, adhere to the principle of combining source management with end management, and advocate a new concept of simple but not simple commodity packaging. Continuously improve product innovation research and development capabilities and production technology level, and provide consumers with more categories and specifications of healthy and nutritious tea products. In terms of tea packaging, according to the requirements of different tea categories, brands, varieties and quality, the packaging materials should be appropriate, the structure should be optimized, the materials used should be moderate, harmless processing and green production should be achieved. Advocate tea operators to publicize information such as energy efficiency, water efficiency, environmental performance and carbon emission in the whole production chain of tea raw material production, processing and packaging for consumers’ choice and social supervision.

  Four, industry self-discipline, sharing scientific and technological achievements

  Tea operators should fully understand the importance and urgency of opposing waste, especially over-packaging, and take opposing waste, especially over-packaging, as an important criterion for cooperative product selection. The tea industry should cooperate in unifying product standards and promoting common accessories, and reach a consensus to jointly reduce the waste of repeated purchases by consumers due to inconsistent product specifications and standards. Actively develop and use new packaging materials that are conducive to resource conservation, actively promote new technologies, new designs and new processes that meet the requirements of energy conservation and environmental protection, and actively adopt recyclable, easy-to-handle, degradable and reusable packaging. Encourage tea operators to open to the outside world the standards, patents and process formulas that are conducive to the production of green and low-carbon products for other operators to use in order to enhance social benefits.

  Five, strengthen scientific guidance and promote rational consumption.

  Advocate tea operators to humanize product packaging, improve the proportion of new packaging and simple packaging, reduce the volume and weight of packaging, save packaging costs, and be "law-abiding", "advocate", "innovator" and "sharer" to resist excessive packaging of tea. Advocate consumers to establish a scientific and rational consumption concept, try to buy and choose resource-saving products, and be pioneers, practitioners, propagandists and supervisors against excessive packaging of tea. Appeal to consumers to consciously choose simple and moderate packaging products when visiting relatives and friends, and refuse to pay for excessive packaging; Try to bring your own shopping bag when shopping to reduce the consumption and pollution of packaging. At the same time, we will take the initiative to complain and report the waste behavior that violates the national standard of excessive packaging of tea in consumption, and jointly promote the formation of a lifestyle and consumption pattern that saves resources and protects the environment.

  (CCTV reporter Wang Wei)