Creating new demands, creating distinctive brands, restoring and expanding consumption of private enterprises are promising.

  CCTV News:The number of market players in private enterprises accounts for more than 90%, which plays an important role in restoring and expanding consumption. How to fully release the consumption potential and enhance the basic role of consumption in economic development? Entrusted by the CPC Central Committee, the All-China Federation of Industry and Commerce started field research in Beijing, Jiangsu and other places in April this year around the theme of "actively playing the role of private enterprises in restoring and expanding consumption".

  In Jiangsu Province, the research team of the All-China Federation of Industry and Commerce went deep into the production lines of Suzhou Food Store Fresh E-Commerce Co., Ltd., Mahayana Environmental Protection New Materials Co., Ltd., Good Boy Group Co., Ltd., and visited and inspected a number of consumer complexes, rural tourism projects, and old-age service projects on the spot to gain an in-depth understanding of the development status and demands of enterprises.

  In Jiangsu, the research group of the All-China Federation of Industry and Commerce has also held symposiums of government departments, private enterprises and chambers of commerce to listen to opinions and suggestions. In recent years, Jiangsu’s consumption has been continuously expanded, upgraded and upgraded by continuously improving policies and systems to promote consumption. In the first quarter of this year, the total retail sales of consumer goods in Jiangsu Province reached 1,170.68 billion yuan, up 7.8% year-on-year, and the consumer market recovered obviously. Tourism, catering and other industries grew strongly, from January to — In March, Jiangsu’s catering revenue above designated size increased by 21.7% year-on-year. While the industry is recovering, the catering industry still faces pain points such as "high cost, low profit and difficult employment".

  The research team also found that there are some problems in the consumer market, such as the lack of motivation for bulk consumption demand, the continuous weakening of residents’ consumption expectations, and the overall slow transformation of intelligent and digital commerce enterprises. The research team believes that the vast number of private enterprises should further improve in optimizing supply, creating new demand and building characteristic brands, adapt, lead and create new demand with high-quality supply, promote a virtuous circle of supply and demand at a higher level, promote the organic combination of expanding consumption and improving people’s quality of life, and drive the overall prosperity of the consumer market.

  The research team also inspected the construction of three major construction projects, namely, the theater, the museum and the library of Tongzhou City Sub-center in Beijing, learned about the operation and development of the business district of City Avenue, and had discussions and exchanges with relevant departments of the Beijing Municipal Government and private entrepreneurs to learn in detail how Beijing can actively play the role of private enterprises in restoring and expanding consumption.

  At the same time of on-the-spot investigation, the research team also conducted an online questionnaire survey on more than 100,000 private enterprises based on the quarterly operation survey system of private enterprises of the All-China Federation of Industry and Commerce. Through big data analysis, the outstanding problems faced by private enterprises in restoring and expanding consumption are summarized.

  Qiu Xiaoping, Vice Chairman of the All-China Federation of Industry and Commerce:After investigation, we study and put forward suggestions on optimizing policies for policy issues; In view of the enterprise’s own problems, we will work with relevant departments to promote the gathering of capital, technology, talents and other factors to the enterprise, and adapt, lead and create new consumer demand with high-quality supply; In view of the problems in market construction, we will give full play to the advantages of our chamber of commerce, and work with relevant departments to build a docking platform for production, supply and marketing to smooth the market cycle and promote the overall prosperity of the consumer market.

China Wisdom Promotes Global Economic Governance Reform (Authoritative Forum)

  On October 2nd, 2015, as a RMB clearing bank in Hungary, Bank of China held a launching ceremony in Budapest, Hungary. The bank became the first RMB clearing bank in Central and Eastern Europe.

  People’s vision

  The new immigrant village building (left) in Pajing Village, Meng wei county, Luang Prabang Province, Laos, built by China Power Construction Group Laos Southern Europe River Basin Power Generation Co., Ltd., has greatly improved the living environment of local villagers. The picture on the right shows the old house before relocation.

  On August 27, 2015, local workers installed solar panels at ZTE’s 900 MW photovoltaic ground power station in Bahawalpur, Punjab, Pakistan. The total investment of the power station is more than 1.5 billion US dollars, which is one of the priority projects of the China-Pakistan Economic Corridor.

  Xinhua news agency

  Chen Jianqi (Deputy Director of the World Economic Office of the Institute of International Strategy of the Central Party School, main member of the G20 Finance and Economics Research Group of Peking University, G20 expert of the Ministry of Finance)

  Xin li (doctoral supervisor of Beijing Normal University, main member of G20 Finance and Economics Research Group of Peking University, G20 expert of Ministry of Finance)

  Li Yuanfang (Secretary-General, International Finance Research Center, Institute of World Economics and Politics, Chinese Academy of Social Sciences)

  Advocate the construction of a new international financial order and transcend the existing conflicts of interest in terms of ideas and patterns.

  Chen Jianqi: The International Monetary Fund (IMF) and the World Bank are two important international financial institutions at present. Together with GATT (the predecessor of the World Trade Organization), they constitute the three pillars of the Bretton Woods system. After World War II, the international financial system has been dominated by developed countries such as the United States, and this phenomenon has not changed substantially so far. Nevertheless, the progress made by China in recent years in promoting the adjustment of the international monetary and financial system and preventing global financial risks cannot be underestimated.

  First of all, China, together with other emerging economies, called on international financial institutions such as the IMF and the World Bank to reform their governance mechanisms, so as to push the IMF to transfer more than 6% of the voting rights to emerging developing countries and countries that are under-represented, thus steadily increasing the voting rights of emerging developing economies. China’s voting rights in the IMF rose to the third place in the world. In recent years, China has repeatedly appointed personnel to hold senior official positions in the IMF and the World Bank, and the number of China employees in the two organizations has also increased. These changes are a more representative embodiment of the international financial governance mechanism.

  Secondly, the internationalization of RMB accelerated last year, especially the entry into the SDR currency basket became a landmark event, which is of great significance for optimizing the international monetary system. The RMB exchange rate market fluctuated greatly in the second half of last year, but China took active measures to deal with the risks, and the current exchange rate has gradually shown two-way fluctuations. At the same time, China, together with other countries, advocated the implementation of responsible macro-policies through the G20 Summit to prevent countries from adopting competitive devaluation. All these are of positive significance to the current global financial governance and financial risk prevention.

  Xin li: Since the international financial crisis, China has not only vigorously advocated the construction of a new international financial order on multilateral occasions, including the G20, but also put this idea into practice through its own actions. First of all, the AIIB is an important measure for China to improve the existing international financial order. The AIIB is not only widely representative, but also creates a new situation in promoting global financial cooperation, especially intergovernmental financial cooperation, which indicates that the international financial system has begun to issue the voice of China. Secondly, the establishment of RMB international settlement center, the opening of RMB cross-border payment system, and the entry of RMB into SDR currency basket all mark the steady progress of RMB internationalization. Thirdly, as a new mechanism created in the field of international finance, the BRICS New Development Bank is also a perfection of the old international financial order. Finally, Chiang Mai initiated the multilateralization mechanism and the establishment of the Macroeconomic Research Office (AMRO) between ASEAN and China, Japan and Korea (10+3), which became the "Asian version" of the International Monetary Fund and played the role of regional financial stability anchor.

  At present, the international financial center is gradually shifting from the west coast of the Atlantic to the west coast of the Pacific. This means the change of the global financial system with the dissolution of old financial interests and the weaving of new financial interests as the main contents. China is actively participating in this change and actively safeguarding the fundamental interests of developing countries in the process.

  Li Yuanfang: The international financial crisis in 2008 exposed the deficiency and inadaptability of the old global economic governance in solving global imbalances, stabilizing the global financial system and preventing global financial risks. The era of globalization and the global economic structure have put forward extensive reform requirements for global economic governance, including reforming the international financial institutions under the original Bretton Woods system to make them play more effective global functions; Reforming the international monetary system to reduce systemic risks and promote global economic development; Global cooperation strengthens the supervision of transnational financial institutions and prevents moral hazard.

  The reform of global economic governance order involves the relative changes of existing rights and responsibilities of countries, which will inevitably lead to complex contradictions and conflicts. If it is not handled properly, the reform may be stagnant. At the same time, it takes time to develop more fair, just and effective global governance. How to make a smooth transition and gather determination and confidence for further development requires the guidance and efforts of key participants. Due to China’s huge size and rapid rise in the global economic system, China is a stakeholder and a key actor in the global economic governance transition, and faces very complicated relationship problems. From the current practice, we can see that China has responded to these challenges with a very positive and pragmatic attitude. On the one hand, it has maintained enough respect and attention to the existing order and institutions. On the other hand, it has never been passive at critical moments, dared to innovate, and surpassed the existing conflicts of interest in terms of ideas and patterns, forming a favorable reform situation.

  Mechanisms such as the AIIB and the BRICS New Development Bank have made the multilateral financial system more perfect.

  Chen Jianqi: Multilateral international financial institutions have become important financing platforms in terms of infrastructure gaps in major economies such as Asia and the promotion of global economic growth. However, multilateral financial institutions such as the World Bank and the Asian Development Bank mainly focus on poverty alleviation assistance, while multilateral development financial institutions such as the AIIB and the BRICS New Development Bank initiated by China focus on infrastructure, making the multilateral financial system more perfect.

  The establishment of the AIIB gave birth to an Asian multilateral development bank system with the participation of developed countries outside the US-led system, and adjusted the ecology of Asian multilateral development banks dominated by the World Bank and the Asian Development Bank, which is of great significance to China’s participation in global economic governance.

  Xin li: As a new regional international financial institution, the AIIB is not a substitute for the original international financial institutions, but a remedy for its deficiency in meeting the capital needs of developing countries. On the one hand, the AIIB is more open, free and inclusive. As an international multilateral financial institution spanning Asia, Europe and Latin America, the AIIB will undoubtedly have an impact on the dollar-dominated international financial system formed after World War II, and developing countries represented by China may become an important pole in the international financial system. On the other hand, the AIIB can help countries along the "Belt and Road" to continuously deepen interconnection construction, improve investment capacity and diversify investment risks in the "Belt and Road" region. "One Belt, One Road" is a new regional cooperation arrangement based on interconnection and aiming at regional common prosperity. Its concept of openness and tolerance determines that the AIIB will not only not challenge or replace the current international order, but also be able to work in parallel with the current regional economic cooperation mechanism and complement each other.

  Li Yuanfang: It must be admitted that the reform process within the existing framework of global economic governance has greatly touched the old interests, so the reform is bound to be difficult and slow and needs a major opportunity to promote. The growth of emerging economies does not suddenly appear. China’s initiative of the AIIB and the BRICS New Development Bank jointly initiated by other BRICS countries are efforts to improve global economic governance outside the existing framework. On the one hand, they fill the gaps and shortcomings in the existing global economic governance, on the other hand, they are also of great significance to encourage and promote the reform and development of the original institutions.

  The Asia-Pacific Free Trade Area has pointed out the direction for promoting the integration of rules in the field of international trade and investment.

  Chen Jianqi: The 13th Five-Year Plan proposal comprehensively expounds China’s concept of promoting open development and achieving win-win cooperation from the aspects of perfecting the strategic layout of opening up, forming a new system of opening up, promoting the construction of the Belt and Road, actively participating in global economic governance, and actively assuming international responsibilities and obligations. Although specific governance rules related to win-win cooperation have yet to be formulated, it is certain that win-win cooperation constitutes the core thinking of China’s China plan to participate in global economic governance.

  Xin li: Since the new century, the development of globalization is increasingly manifested in the refinement of different processes, sections and links in the process of product production and supply and the optimal allocation of spatial areas. In this process, the status of China and some emerging economies as "world factories" will continue to rise, and they will undertake more division of commodity production, thus demanding a larger world market. Economic and trade integration in the Asia-Pacific region came into being.

  With the increasing global influence of China, it is bound to have broader and deeper economic and trade exchanges and cooperation with its trading partners. Allocating domestic and international resources and coordinating domestic and international markets will not only endow China’s economic development with richer connotations, but also profoundly affect the situation of economic globalization and multipolarization of the world economy. Therefore, it is not only in line with China’s interests, but also the practical needs of regional countries to achieve long-term development to establish a broader regional cooperation mechanism and promote the continuous extension of regional and even global production chains. The Asia-Pacific Free Trade Area advocated and promoted by China is more inclusive, which is a concrete measure for China to contribute "China wisdom" to build a new pattern of opening up the Asia-Pacific region and achieve win-win regional development.

  Li Yuanfang: Due to the development of global value chain trade, the development of multilateral trade and investment governance framework such as the World Trade Organization (WTO) is facing more and more difficulties. At present, there is a trend of regional, bilateral and plurilateral trade and investment governance in the field of global trade and investment, and the fragmentation of governance rules in the Asia-Pacific region is obvious, with the emergence of the Trans-Pacific Partnership Agreement (TPP) promoted by the United States and the Regional Comprehensive Economic Partnership Agreement (RCEP) led by ASEAN and actively participated by China. If TPP is independent of the existing rules system and absorbs members on the new high-standard platform, RCEP is more integrated, open and gradual. This cooperation is committed to narrowing the development gap among participating countries and achieving maximum mutual benefit in the implementation of the agreement, taking into account high-level goals and gradual implementation. These are two different ideas, and the latter is more inclusive. There is a certain competitive relationship between them, but different ideas also mean that they have the potential of complementarity and strategic interaction.

  The Asia-Pacific Free Trade Area promoted by China is not only compatible and coordinated with the WTO multilateral trading system, but also regards TPP and RCEP as possible realization paths, with higher-level integration, so as to unify the opening process of the Asia-Pacific region and reduce the market segmentation that may be caused by the fragmentation mechanism. This has pointed out an important direction for promoting the integration of rules in the field of international trade and investment.

  The "Belt and Road" construction is an important practice of China’s characteristic openness.

  Chen Jianqi: Promoting the "Belt and Road" construction is a concrete practice of China’s win-win cooperation and opening-up concept. While promoting the economic and trade development of countries and regions along the route, it is also expected to build a win-win regional governance system in this region. In the long run, the "Belt and Road Initiative" will inevitably face the problem of docking with TPP and the Transatlantic Trade and Investment Partnership Agreement (TTIP).

  Xin li: From an economic point of view, the Belt and Road Initiative is not only conducive to the integration and development of China and countries along the Belt and Road, but also conducive to global economic recovery and sustainable growth in the post-crisis era.

  On the one hand, the "Belt and Road" spans Asia, Europe and Africa and involves dozens of countries, connecting the active East Asian economic circle with the developed European economic circle. In fact, based on its existing economic aggregate, trade scale, foreign exchange reserves and increasing overseas investment and development financing, China can do more to promote the globalization process and improve the world economic governance system, and the implementation of the "Belt and Road" will play a positive role in this regard. On the other hand, the Belt and Road Initiative can promote regional economic integration through closer cooperation among countries, form new production networks and consumer markets, enhance the international competitiveness of industrial economies in Asian countries, and inject new impetus into global economic recovery in the post-crisis era.

  Li Yuanfang: Under the background of weak global economic growth and the urgent need for a breakthrough, improving regional infrastructure and comprehensively promoting trade, investment and financial cooperation are of great value to improving the efficiency of regional resource allocation and promoting economic development. This is the fundamental reason why countries and regions along the "Belt and Road" have maintained very high attention and enthusiasm for it.

  The "Belt and Road" construction is an important field to practice the openness with China characteristics of "co-operation, co-construction and sharing". In the process of transformation from a participant in the international system to a provider of public goods, China will inevitably face difficulties, such as investment income protection and investment security, financing channels and risk management, and relations with local governments and people. On the basis of learning from the experience of relevant countries, China adheres to the concept of common prosperity and solves these problems more creatively, which will not only bring remarkable economic achievements, but also contribute China’s best practices to global economic governance and support the substantive progress of bilateral and multilateral relations with concrete cooperation.

  (Interviewed by our reporters Li Yan and Meng Xianglin)

Brief comment on air conditioning data in December of 18: the growth rate of domestic sales turned positive year-on-year, hitting a record high again in the whole year.

Industry online disclosure of air conditioning production and sales data in December of 18 years

Production and sales data in December, 18: The total output in that month was 11,570,000 units, up by 3.17% year-on-year, and the total sales volume was 10,693,700 units, up by 11.78% year-on-year, of which 6,633,000 units were sold domestically, up by 5.08% year-on-year, and 4,060,700 units were exported, up by 24.76% year-on-year, and the total At the level of listed companies, Gree fell by 4.95% (domestic sales fell by 11.37% and exports increased by 17.65%); Midea increased by 28.10% (domestic sales increased by 19.19% and exports increased by 50.00%); Haier fell by 15.03% (domestic sales fell by 15.52% and exports fell by 13.51%);It increased by 26.67% (domestic sales decreased by 5.56% and exports increased by 75.00%).

Cumulative production and sales data for the whole year of 18 years: the cumulative total output was 149,850,500 units, up 4.43% year-on-year, and the total sales volume was 150,690,900 units, up 6.34% year-on-year, of which 92,808,500 units were sold domestically, up 4.57% year-on-year, and 57,882,400 units were exported, up 9.32% year-on-year. At the level of listed companies, Gree increased by 7.33% (domestic sales increased by 3.39% and exports increased by 18.79%); The cumulative growth of Midea was 5.69% (domestic sales increased by 2.96% and exports increased by 9.35%); Haier’s cumulative growth was 13.13% (domestic sales increased by 7.47% and exports increased by 31.20%); Hisense’s household appliances increased by 5.65% (domestic sales increased by 0.04% and exports increased by 15.36%).

The growth rate of domestic sales turned positive year-on-year, and the export performance remained excellent.

In the month, the domestic sales of the industry achieved single-digit growth, which was the first positive growth in a single month since the second half of 18 years; Both the third-party retail monitoring data and the installation card data of leading enterprises show that the demand performance of air-conditioning terminals is still relatively dull in December. We judge that the main reason for the rebound in domestic sales in the industry is that on the one hand, the Spring Festival this year is earlier than last year, and the demand for stocking by channel dealers is released in advance. On the other hand, the raw material prices of copper and steel have declined recently. Under this background, it is reasonable for enterprises to increase production scheduling to lock in costs. In addition, it is expected that air-conditioning enterprises will sprint the annual target at the end of the year to drive sales. On the export side, the export growth rate of the industry remained at a high level in the month, mainly because the expected increase in subsequent tariffs led to the early release of some export orders. From the perspective of the whole year, the total domestic sales of the air-conditioning industry in 18 years exceeded 90 million units for the first time, hitting a record high on the basis of the high base in 17 years, and the performance was better than the market expectation at the beginning of 18 years; The export growth rate was slightly faster than domestic sales, driven by the bright performance in the fourth quarter.

The performance of manufacturers is divided, and the trend of share concentration remains the same.

The domestic sales performance of air-conditioning enterprises in the month was different, among which Midea increased by nearly 20% year-on-year, which is expected to mainly benefit from the fact that the company’s channel inventory under the "T+3" mode was significantly lower than the industry average, and the company’s terminal installation card maintained a single-digit growth in the fourth quarter, which also had good support for the delivery end; In addition, the sales volume of Oaks in the month increased by 122.22% year-on-year under the background of low base, and its performance was more eye-catching; However, Gree’s domestic shipments continued to decline in the month, and the relatively high channel inventory may have a certain impact. However, the company’s recently disclosed 18-year performance forecast shows that the company’s revenue still increased by more than 30% in the fourth quarter, and the actual shipment growth rate is expected to be significantly better than that of the third-party data statistics. Generally speaking, although the growth rate of domestic sales of leading air-conditioning enterprises has slowed down in the past 18 years, it still maintains a relatively steady growth, and the domestic sales of CR4 in the industry increased by 1.70pct to 80.01% year-on-year, among which the increase of Oaks share was the most obvious; Considering the historical experience of leading enterprises in the pressure-bearing stage of the industry boom to seize the market share of long-tailed enterprises and the relatively dull market expectation of air-conditioning domestic sales in 19 years, the market share of leading enterprises in the follow-up industry is expected to increase steadily and drive the domestic sales performance to exceed market expectations.

There is no need to worry too much about channel inventory, and domestic sales have been "low before and high after 19 years"

At present, the market is worried about the high level of air-conditioning channels or the suppression of domestic sales in subsequent industries, but we believe that although the overall channel inventory level has improved in 18 years, it is still within a reasonable range; According to the monitoring data of third-party retailers such as Aowei and Zhongyikang, and the statistical data of installation cards of leading manufacturers, the retail volume of omni-channel terminals of air conditioners has achieved a small single-digit growth year-on-year in 18 years, which basically matches the growth rate of domestic shipments in the whole year. Considering that the installation card base in 17 years should be slightly higher than the shipment end, it is estimated that the industry channel inventory will increase in 18 years, but the range is limited. Combined with the financial indicators of leading enterprises and channel research, the current pressure of channel dealers’ capital turnover is also significantly lower than the high point of channel inventory in the last round in 14-15. Considering the steady increase in rural areas and third-and fourth-tier cities, and the continuous release of the demand for the renewal of the first-and second-tier markets, the overall demand of the industry is still expected to maintain steady growth in 19 years, and if the follow-up subsidy policy is introduced as scheduled, the driving effect on the demand of the industry is also worth looking forward to. Driven by this, there is no need to worry too much about the domestic sales performance of air conditioners in 19 years, and the growth rate will be low before and high after being disturbed by the base.

The value of leading configuration is highlighted, maintaining the industry’s "optimistic" rating.

In the same month, driven by factors such as channel dealers stocking up in advance and air-conditioning enterprises sprinting for the whole year, the growth rate of domestic sales in the industry turned positive year-on-year. In 18 years, the total annual sales exceeded 90 million units, reaching a record high and exceeding the market expectations at the beginning of the year. In the past 19 years, based on the steady release of industry demand and the limited improvement of channel inventory, there is no need to worry too much about the domestic sales performance of air conditioners, and the growth rate is likely to be low before and then high. Considering that the industry boom is often a good opportunity for leading enterprises to seize market share, the profitability is expected to continue to improve under the background of superimposed healthy competition pattern and gradual correction of raw material prices, and the deterministic advantage of white electricity leading enterprises’ performance will continue to be highlighted; After the previous stock price correction, the current valuation of white power blue chip is still at a relatively low level. With the recent increase in foreign capital allocation and the expected continuous strengthening of subsidy policy, the restoration of its valuation center is worth looking forward to, and the value of stable allocation continues to be highlighted; To sum up, maintain the industry’s "optimistic" rating, continue to recommend that the performance growth rate is determined, the valuation safety margin is high, and it has a strong comparative advantage on a global scale.andAt the same time, we are still optimistic about Hisense home appliances, a central air-conditioning concept stock that benefits from the high growth of the industry.

Risk warning: the industry demand is less than expected; The price of raw materials has risen sharply; Exchange rate fluctuations have increased.

Securities research report: Brief comment on air conditioning data in December of 18: the growth rate of domestic sales turned positive year-on-year, hitting a record high again in the whole year.

Release date: January 20, 2019

Research report rating: maintain the "optimistic" rating.

Report issuing agency:research institute

Participant information:

Xu Chun SACNo.: S0490513070006 E-mail: xuchun@cjsc.com.cn

Guan Quansen SACNo.: S0490516070002 Email: guanqs@cjsc.com.cn

Sun Shan SACNo.: S0490517020002 E-mail: sunshan@cjsc.com.cn

He Bendong E-mail: hebd@cjsc.com.cn

Cui Tiantian E-mail: cuitt@cjsc.com.cn

Zhou Zhen E-mail: zhouzhen1@cjsc.com.cn

A brief review report on the links of recent key research reports

⊙ Midea Group | Profitability continued to improve, and its performance met expectations.

⊙ How to interpret the share price of home appliance sector in the last round of subsidy cycle?

How to treat the phenomenon of consumption classification in household appliances industry?

Deep research on the real estate impact of home appliance industry: the cycle is a preface.

⊙ The snow is abundant, and the clouds are bright.

⊙ Understanding Beauty and past lives of Little Swan

Brief comment on air conditioning data in November: domestic demand is steady, and the growth rate of export orders is eye-catching

Re-discussion on "scissors difference" effect under the background of cost improvement

In 2018, what happened to the three leading companies?

⊙ What new categories of home appliances are worth looking forward to?

Enlightenment from SEB

FromOn the growth motivation of small household appliances industry

⊙ Has the kitchen appliance industry seen the bottom?

⊙ An overview of the business performance of home appliance industry in the third quarter

⊙ Gree Electric | Rational Interpretation of Third Quarterly Report Exceeding Expectations

⊙ Midea Group | Pearl is "dusty" and does not reduce its lustre.

⊙ Qingdao Haier | Not afraid of the pressure of the economy, showing the true colors of leading enterprises.

⊙ Hisense Household Appliances | Short-term operation is under pressure, but the cash flow performance is bright.

⊙?? | The "defect" of the short-term boom does not hide the "Yu" of the company.

Depth report

⊙ Keep the clouds open and see the clouds bright | 2019 annual investment strategy of home appliance industry

Family serviceIn-depth study of the industry: a journey of a thousand miles begins with a single step.

⊙ hurricane and rain, marching forward | Summary of financial report in the third quarter of 2018

⊙ Huacai has resurfaced and is sailing | Re-read Vantage shares in leading series.

⊙ Looking forward to the present and the future, the dragon continues to write brilliant new articles | Re-reading Qingdao Haier in the leading series

Fifty years of hardships, but now it is in its prime | Re-read the beauty group of leading series

⊙ Multi-dimensional Analysis, Re-discussion on Gree’s Investment Value | Re-reading Gree Electric of Leading Series

Central air conditioning: the trend of household achievement, and the big cycle has just begun.

When we buy consumer stocks, what are we buying?

What is the achievement??

Rating description and statement

Rating description

Industry rating: the rise and fall of the industry stock index in the 12 months after the report is released is based on the rise and fall of the relevant securities market representative index in the same period. The rating criteria for investment suggestions are: optimistic: the relative performance is better than the relevant securities market representative index in the same period; Neutral: the relative performance is the same as the representative index of the relevant securities market in the same period; Bearish: The relative performance is weaker than the representative index of relevant securities markets in the same period.

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The 22nd Guangzhou Auto Show opened, and Guangdong’s "local army" actively participated in the exhibition

  Nanfang Daily News (Reporter/Gao Xiaoping, Wei Hongquan) The first A-class car equipped with intelligent cockpit and reversing AEB function, a new car can have 50 color scheme options… On November 15, the 22nd Guangzhou International Automobile Exhibition opened, "New Energy Brother" BYD, GAC Group, popular "new power" XPeng Motors and "technology hegemony" Dongfeng Nissan and other Guangdong enterprises formed a "local army", with a full "black technology" one by one, seeking new growth in the increasingly fierce market competition.

  According to the data of the Passenger Association, the penetration rate of domestic new energy vehicles reached 52.9% in October this year, an increase of 15 percentage points over the same period last year. "BYD, the world champion of new energy vehicles", and the eye-catching slogans inside and outside the auto exhibition hall attracted the attention of many visitors. This year, BYD for the first time bought the entire 2.1 exhibition hall, focusing on displaying its brands such as Looking Up Automobile, Dengshi Automobile, and Equation Leopard Automobile.

  At a time when the competition of new energy vehicles is becoming more and more fierce, BYD continues to refresh the speed of the industry. In July and September this year, BYD’s 8 million and 9 million new energy vehicles were rolled off the production line respectively. Recently, BYD Chairperson and President Wang Chuanfu said that on the occasion of the 30th anniversary of the establishment of the BYD brand, the company is about to usher in the 10 million new energy vehicles rolled off the production line.

  Guangdong has become an important support for China’s new energy vehicle production system. Data show that in the first three quarters of this year, Guangdong Province produced 2.2795 million new energy vehicles, and 1 out of every 4 new energy vehicles came from Guangdong.

  BYD not only leads in the production of new energy vehicles, but also continues to break through in intelligent technology. The BYD "Xia" displayed on site is equipped with a cool "black technology" – AR projection side sliding door and tailgate function: in the locked state, close to the side sliding door or tailgate, AR projection automatically opens, and you can "open the door in the air" by tapping the flash icon with your foot, bringing users a comprehensive and convenient car experience and making life more ceremonial.

  Whenever there is a large-scale auto show, the companies that "fight at home" are often the most active. Similar to BYD, GAC Group also covers the entire exhibition hall, and its GAC Toyota, GAC Honda, and GAC Aian all launch new energy products during the auto show. GAC Group General Manager Feng Xingya announced a three-year "Panyu Action": by 2027, the independent brand will account for more than 60% of the group’s total sales, challenging the independent brand to sell 2 million vehicles.

  In order to achieve this goal, in the next three years, GAC’s own brand will launch 22 new models, of which 7 will be launched in 2025, covering all mainstream new energy power forms such as pure electric, extended range, and plug-in hybrid. Technically, GAC Trumpchi will cooperate with Huawei to launch three series of new mid-to-high-end SUVs, MPVs, and sedans, all equipped with Huawei’s advanced intelligent driving technology.

  Behind the gradual increase in the penetration rate of new energy vehicles is the accelerating popularity of intelligent driving. XPeng Motors’ new brand MONA series debuted at the Guangzhou Auto Show. In order to better meet the pursuit of personalization by young consumers, Xiaopeng MONA M03 launched an official color change service, providing users with more than 50 customized color schemes. He Xiaopeng, chairperson of XPeng Motors, revealed that since the launch of Xiaopeng MONA M03, sales have exceeded 10,000 units for two consecutive months. Production capacity increased by 40% in November, and plans to increase the monthly production capacity target to 20,000 units before the Spring Festival next year.

  Ten years ago, 1 out of every 10 cars sold in the country was produced in Guangdong; now, 1 out of every 4 new energy vehicles in the country is made in Guangdong. In the face of the competition, Guangdong has accumulated resources and accelerated gearshifts, forming a new energy automobile industry development pattern led by Guangzhou and Shenzhen and the industrial chain of the Greater Bay Area urban agglomeration. A world-class new energy automobile industry cluster has begun to emerge.

Tess lengthens the battery life modely

Tess Extended Life Model Y is a pure electric vehicle produced by Tesla, which has excellent performance and comfortable driving experience. This car has a long cruising range and low energy consumption, which is very suitable for home use. In 2024, the manufacturer’s guide price of TESS extended battery life Model Y starts from 249,900 yuan, and the specific price may vary depending on the configuration and region. This car has always performed very well in the market and has been loved by many consumers. If you are interested in this car, I suggest you pay attention to the local Tesla dealers for more preferential information and test drive opportunities.

Sinking resources, carefully guarding-knowledge of epidemic prevention and control at grass-roots level during the Spring Festival

  Xinhua News Agency, Beijing, January 24thTitle: Sinking resources are carefully guarded — — Prevention and control of grass-roots epidemic situation during the Spring Festival

  Xinhua news agency reporter

  The Spring Festival of the Year of the Rabbit is the first long holiday when China’s epidemic prevention and control has entered a new stage. The reporter learned from interviews at the grassroots level in many places that all localities coordinated the dispatch of urban and rural medical resources and weaved a "protective net" at the grassroots level. The majority of medical workers and epidemic prevention personnel adhered to the front line and devoted themselves to the safety and health of the people for the New Year.

  Consolidate various prevention and control measures

During the Spring Festival, Tian Quanbin, a doctor from Xiaowang Village, Tiankou Township, Xihua County, Henan Province, was on duty in the clinic. (Photo courtesy of the interviewee)

  Implement epidemic prevention measures in key places, establish management accounts, and continuously publicize epidemic prevention knowledge … … In order to let the people live a safe and healthy Spring Festival, many places have taken a series of powerful actions.

  During the Spring Festival, the Qingming Shangheyuan in Kaifeng, Henan Province launched the 2023 Kaifeng Folk Carnival, with hundreds of performances and hundreds of folk customs to celebrate the Spring Festival, attracting many tourists.

  Xing Xiaoyue, a staff member of Shangheyuan Scenic Area in Qingming Festival, said that the park strictly implements the requirements of "limiting, making an appointment and shifting peaks", completes the work of eliminating and killing public facilities, and arranges special personnel to patrol. "In terms of personal protection, wearing masks in public places has become a habit, and everyone consciously becomes the first responsible person for their own health."

  In view of the many cultural activities and dense personnel in various places during the Spring Festival, various places have implemented epidemic prevention work in key places by setting up special epidemic prevention classes, broadcasting reminders and regular disinfection. Zhang Mingzhi, director of Gaozhou Xiantaimiao Management Office in Maoming City, Guangdong Province, said that during the Spring Festival, the daily flow of people in the scenic spot was about 20,000 to 30,000, including many returnees and rural people. "The staff should disinfect the internal and external environment, and there is a warm reminder card for wearing a mask at the entrance."

  Xihua County, Henan Province, made great efforts to find out the base number of key populations, established a dynamic management account for 125,000 elderly people over 60 years old, 4,408 left-behind children, 2,048 pregnant women, 24,019 disabled people, 2,230 elderly people living alone and 162,000 migrant workers, and established a transfer and treatment mechanism for infected people to ensure that they should be cured.

  Wushan County, Chongqing has set up 42 fever clinics (consultation rooms) according to the principle of "all facilities should be set up and all services should be opened", and mobile diagnosis and treatment vehicles (mobile fever clinics) and fever diagnosis and treatment stations have been opened in urban areas to facilitate residents to seek medical treatment during the Spring Festival.

  Pass forward to the community

  In Dayu Village, Zhenjiang Town, Gaozhou City, Guangdong Province, Deng Bobo, a 90-year-old villager who had been infected with Covid-19, was discharged before the Spring Festival and returned home with his family. The old man feels gratified to have a reunion year with his children. Son Deng Lianjin said that the hospital has prepared medicines for the elderly to recover at home, and the nearby Shigu Town Central Health Center is only 10 minutes’ drive from home. My father’s recovery is guaranteed, and the whole family has lived with peace of mind this year.

  The reporter learned from the interview that before the Spring Festival, the guidance on primary treatment was strengthened by means of on-site diagnosis and treatment, remote consultation, etc., and emergency equipment and medicines were prepared at the same time to move forward the barrier of health protection and prevention of severe illness.

  In Xiaowang Village, Tiankou Township, Xihua County, Henan Province, the reporter saw that the village health center has two floors, one is the diagnosis and treatment area, and the other is the living area. The first floor diagnosis and treatment area, seven rooms, such as diagnosis and treatment room, propaganda classroom and observation room, were cleaned neatly, the remote diagnosis and treatment system waited for the call online in real time, and the commonly used drugs for reducing fever and relieving cough in the pharmacy were well prepared.

  Chongqing clearly requires coordination in the prevention and control of epidemic situation in urban and rural communities. Adhere to the "moving forward" and strengthen care services for key groups such as "one old and one small" and "one trapped and one disabled".

  A team of family doctors and village doctors in Wushan County, Chongqing, went to the door to check and evaluate the health of key personnel before, and made a closer observation of relatively serious personnel. Zhang Liao, director of guandu town Central Health Center in Wushan County, said: "During the Spring Festival, more than half of our medical staff were on duty, and the hospital always kept an emergency team, and the fever clinic was waiting for 24 hours."

  In Anping County, Hengshui City, Hebei Province, in order to meet the needs of residents for medical treatment and provide timely health consultation and medication guidance, the health and health departments set up 245 family patrol teams, covering all 230 administrative villages and 15 communities in the county. The members of the team are composed of township or community cadres, village or community cadres, and grassroots medical staff to carry out home follow-up services.

  Rural clinics and health centers "don’t close"

  "This year’s Spring Festival obviously feels popular and lively." Tian Quanbin and Sheng Airong, doctors from Xiaowang Village, Tiankou Township, Xihua County, Henan Province, said, "There are more people coming back from holidays, wearing masks, washing hands frequently, gathering less and ventilating more. Most villagers are familiar with these epidemic prevention knowledge. I hope everyone can protect themselves and spend a healthy year. "

  Tian Quanbin and Sheng Airong have lived and worked here for 27 years. This rural health clinic guards the health of more than 2,800 villagers. Before the Spring Festival, the clinic and the village committee have arranged the situation of the key people in the village.

  The reporter visited and learned that many village clinics and township center hospitals "don’t fight" during the Spring Festival holiday. They publicized epidemic prevention knowledge to the villagers through WeChat groups and loudspeakers, and at the same time went to the village to send medicines to doctors.

  "There are medicines for relieving fever and pain, relieving cough and asthma, as well as some masks and antigen detection reagents. If you feel unwell, you must contact the hospital in time." Yan Daxin, a doctor from guandu town Central Health Center in Wushan County, Chongqing, came to the home of Yan Xianjun, a villager in Yanglin Village before the festival, and sent the 75-year-old man a "health package" of epidemic prevention love. Then he carefully measured his blood pressure, blood sugar and blood oxygen. It is understood that Wushan County, Chongqing has given free "health packages" to the elderly over 60 years old in batches, and distributed more than 100,000 "health packages" by relying on community grid workers and village cadres.

Family doctors at guandu town Central Health Center in Wushan County, Chongqing sent "health packages" to the elderly. (Photo courtesy of the interviewee)

  Follow Li Yongan, Dean of Tiankou Township Health Center, into the pharmacy, where the commonly used antipyretic and cough medicine has been reserved for three weeks. "More than ten days before the Spring Festival, the number of fever clinics has dropped to two or three people a day." Li Yongan said that during the Spring Festival, they should be on duty in hospitals, and strengthen communication with 30 village doctors in 17 village clinics under their jurisdiction. After discovering cases, they can seek medical treatment in time according to individual conditions, and if necessary, they can contact city and county hospitals to organize remote consultation, or refer them according to the graded diagnosis and treatment mechanism.

  "Village clinics and township health centers are the first pass for epidemic prevention in rural areas. By integrating medical resources in counties, townships and villages in advance, they will play a linkage role and build a solid epidemic prevention barrier for rural areas." Li Yongan said. (Reporter Liu Yuanyuan, Xu Hongyi, Han Chaoyang, Zhao Jiale)

Rapid stabilization of foreign trade exports (building a new development pattern and looking at foreign trade on the first line)

Cartography: Wang Zheping

Core reading

In 2020, China’s foreign trade will overcome the adverse effects of the epidemic, and it is expected to achieve the goal of "promoting stability and improving quality" throughout the year, showing that China’s economy is full of resilience.

In Taizhou, Zhejiang Province, a number of local policies have been issued to support foreign trade enterprises to protect orders and expand the market, so as to promote the rapid stabilization of exports. From here, we can see that the national foreign trade continues to develop well.

This New Year’s Day, Xie Yong, a Zhejiang foreign trade dealer, has been working overtime.

"The foreign trade list has been scheduled for March and April, and foreign customers have been calling these days, busy!" As the distributor responsible for the product sales of Zhejiang Taizhou Zhengli Electric Co., Ltd., Xie Yong obviously felt that the foreign trade export was rapidly stabilizing.

At present, in Taizhou, Xie Yong is not the only dealer who is rushing around. According to the recent statistics of Taizhou Customs, in the first three quarters of 2020, the export growth rate of small and medium-sized foreign trade enterprises in Taizhou (export scale below 100 million yuan) was -20.3%, 0.6% and 1.9% respectively. After a sharp decline in the first quarter, it stopped falling and stabilized in the second quarter, and it has steadily rebounded in the third quarter. In November, it hit a new high in export volume and growth rate in 2020-8.99 billion yuan, an increase of 49.6%.

Orders grew rapidly and foreign trade continued to improve.

While going to the production workshop to keep an eye on the progress, we have to contact foreign agents to inform the progress of the order. Recently, the agent responsible for the sales of automobile shock absorbers in Sanmen County, Taizhou City has been very busy on behalf of the Red Army. Every two or three days, foreign dealers contact Dai Hongjun by email or video, asking him to feedback the market customer demand.

"We have distributors in more than 100 countries and regions such as Europe and America. In order to let them know the production situation of orders for the first time, the company specially opened a 24-hour service hotline to provide order inquiry service." Dai Hongjun told reporters, "Since July 2020, foreign trade orders of enterprises have increased. Since August, it has basically maintained a growth rate of about 50% every month! Now, the order we received has been scheduled for several months. "

Haiyao Arts and Crafts Co., Ltd. is located in Yuanqiao Town, huangyan district, specializing in holiday gifts and home accessories. Zheng Jing, foreign trade business manager of the enterprise, said: "Since July and August last year, old customers have started to place orders at the end of next year. In the past few months, the list has reached the first and second quarters of 2021. "

During the interview, many dealers said: Based on the sales performance of the whole year in 2020, the recovery of foreign trade at the end of the year has made up for the decline in performance at the beginning of the year. "As far as the situation of the whole year is concerned, it is basically the same as in previous years." For the rapid recovery of foreign trade business, dealers believe that the overall situation should be attributed to factors such as significant achievements in domestic epidemic prevention and control and rapid resumption of work and production.

The number of bank loans to foreign trade enterprises is a barometer reflecting the foreign trade situation. It is understood that in recent months, Taizhou Office of Zhejiang Rural Credit Cooperatives has issued loans exceeding 3.6 billion yuan to foreign trade enterprises in the city. Jin Shijiang, the main person in charge of Taizhou office, said: "Recently, the financing needs of many enterprises and distributors are soaring, and we have launched the’ GATT loan’ business. Dealers can use the export declaration form as the basis for loans, and many dealers are very enthusiastic about applying."

Introduce a combination policy to help enterprises guarantee orders.

In the past six months, the biggest feeling of Li Yi, the dealer, is the change in the way of business negotiation. In the past, Li often flew in the sky, talked face to face with customers everywhere, and then finalized the contract order. Now, his way of negotiation has changed from offline to online, and business negotiations are conducted through the Internet. "Online interviews are convenient, fast and sincere."

What benefits Li is the "internet plus Foreign Trade" model recently explored by Taizhou. Taizhou helps foreign trade enterprises to expand the market and grab orders by means of "cloud display", "cloud negotiation" and "cloud docking", and reduces the impact of the epidemic on all aspects of distribution. In 2020, Taizhou organized 47 online exhibitions and established Taizhou’s "Cloud Exhibition" platform. At present, it has settled in more than 600 enterprises, creating a comprehensive exhibition platform integrating regional brand promotion, global procurement and online negotiation.

In addition to making good use of the new format and new model, Taizhou has successively launched a set of measures to stabilize foreign trade.

Taizhou has established a special coordination mechanism and set up a special export class to co-ordinate all work related to export. Recently, a number of local measures have been introduced to boost the development of foreign trade from the aspects of smooth sales, optimized customs clearance and credit guarantee support. The governments of counties (cities, districts) in Taizhou jointly set up a unified government insurance platform for small and micro enterprises. As long as enterprises or distributors are insured by policy-based export credit insurance companies, they can enjoy a discount of more than 30% of the insurance premium rate during the insurance policy in 2020.

In terms of financial support, how is Taizhou implemented? The reporter learned from Taizhou Central Sub-branch of the People’s Bank of China that from the "extension of loans to small and medium-sized enterprises" to the implementation of the credit loan support plan, Taizhou has issued loans of 48.348 billion yuan to 1069 small and medium-sized foreign trade enterprises in 2020. In the efficiency of bank loan review, give full play to the advantage of "document cross-verification" of blockchain, and speed up from the previous 3 to 7 days to 1 day, greatly improving the financing convenience of foreign trade enterprises.

Stop falling, stabilize and rebound … With the support of a series of policies to stabilize foreign trade, the export growth rate of small and medium-sized foreign trade enterprises in Taizhou turned positive for the first time in June 2020, which opened the prelude to the rapid recovery of foreign trade throughout the year.

Listen to the demands of enterprises and solve problems on the spot.

"There are many foreign trade orders, and the liquidity of purchasing pumps from suppliers is not enough." In Daxi Town, Wenling City, Chen Lubin, the head of Taizhou Fanglianbao Import and Export Co., Ltd., has been engaged in water pump distribution for more than 10 years. Recently, foreign trade has picked up, and the export volume has soared, which makes him feel the pressure of funds.

A few days ago, when Chen Lubin was worried, Xie Jun, the account manager of Wenling Sub-branch of Agricultural Bank of China, who was carrying out the activity of "serving enterprises, serving the masses and serving the grassroots" (referred to as "three services" activity), came to the company. Knowing the difficulties of enterprises, Wenling Branch of Agricultural Bank of China provided 1 million yuan of low-interest loans to enterprises to solve Chen Lubin’s urgent needs.

"Point-to-point" to carry out "three services" to help foreign trade pick up. At present, all departments in Taizhou are solidly providing services to foreign trade enterprises and foreign trade distributors.

In Jiaojiang District, district leaders recently visited a number of enterprises, talked with business owners and distributors, and worked on the spot to solve problems. Some dealers said: "Recently, the export growth rate of enterprises’ products is fast, but the containers used for transportation are relatively tight." After the question was raised, it was settled through consultation on the spot.

"The current’ three services’ work is very timely, like a pillow when we are sleepy!" In the interview, Zhu Xuanhui, the general manager of Zhejiang Kende Electromechanical Co., Ltd. in luqiao district, was recognized by the entrepreneurs present. Many business owners and distributors said that because various problems in distribution were solved in the "three services", the goods could be exported smoothly, which played a boosting role in the recent recovery of foreign trade.

What other local measures will be taken to promote the continued recovery of foreign trade? The person in charge of Taizhou Municipal Committee said that in the next step, we will continue to strengthen the operation mechanism of foreign trade export special classes and deepen the "three services". While making full use of various policy tools and making policies effective, we will continue to deepen trade support and help enterprises avoid trade risks and promote the steady and good development of foreign trade.

Parent-child robbery: Are you afraid to accompany your child to do homework?

  CCTV News:(Reporter Ren Jia) "If you don’t do your homework, your mother is kind and filial, and you hug and hug; As soon as I write my homework, chickens fly and dogs jump, screaming and screaming; Let the blood pressure of the elderly rise and let the neighbors not sleep. " A figurative online segment resonates with parents countless times, but there is a set of data that may be more specific.

  The Report on the Stress of Homework Writing in Primary and Secondary Schools in China shows that students in China do homework for 2.82 hours every day, and 91.2% of parents have the experience of accompanying their children to do homework, among which 78% of them accompany them every day. There are 75.79% families who have had conflicts between parents and children because of "homework": "There are too many things to do when they do homework", "You can’t write a few questions for a long time" and "You are too stupid to teach". Many parents surveyed mentioned that accompanying homework has become one of the reasons for the decline in happiness.

  For a time, accompanying children to do homework has become a "high-risk job". Some parents do not hesitate to "lay down their lives" to accompany them, and some parents choose to "cherish their lives".

  01

  The parents are still the parents, but the children are not the original children.

  During Shen Ying’s four years of tutoring, the word "forbearance" is the first word every day, and I deeply understand what "my chest is stuffy and my brain hurts".

  The math problem needs to be completed within 10 minutes. Shen Ying first encouraged the children: "Baby, do your homework carefully, not only neatly, but also keep the speed and accuracy. Mom believes you, my daughter is the best!" After that, she habitually sat beside reading with her. When she looked up again, she said, "People are holding pencils, playing with their hands, biting their nails for a while and looking at the back of their hands for a while. How beautiful your hands are!" Shen Ying took a deep breath and endured!

  She smiled and gently reminded: "Baby, you can’t write while playing. Pay attention!" The daughter happily agreed. Looking up two minutes later, my daughter actually drew a picture on the draft paper. Shen Ying took a deep breath again, and then endure!

 

  "Daughter, this is a question that needs to be completed within 10 minutes. If it is not completed, it will be considered unqualified and reported to the teacher!" Five minutes later, my daughter finally finished her homework. Kuloko Shen took the exercise book and looked at it. He made one mistake, two mistakes, 30 questions and more than 10 mistakes. Holding back her anger, she patiently asked, "How much is 360÷90?" Multiplication formula from three nine back to nine nine, that is, cleverly avoided four nine, again reminded, finally said four nine, asked how much the result should be written, blurted out 40!

  Kuloko Shen broke out in an instant and roared, "How did you make so many mistakes?"! I still have the mind to play and write. Can you concentrate on your homework? How about dessert? The rest of the wrong questions are corrected by yourself, and the multiplication is definitely written after the correction! " After that, she threw her exercise book on the table, turned and threw herself on the bed, feeling very tired.

  After a while, I heard the sound of Suosuo packing things behind me, and thought, it seems to be finished. "When I looked back, people put the packed schoolbag on the pig’s back and stood at the desk, sitting in a chair looking at the pig with a sad face. I was in distress!"

  02

  Mother becomes stepmother, lady becomes bitch.

  "Accompanying children to do homework, I think it is the most difficult topic in the world. It is not a joke that a mother becomes a stepmother and a lady becomes a bitch!" Wang Xia’s son has just entered the first grade of primary school this year, and tutoring homework every day has already started to give her a headache.

  Wang Xia, who graduated with a doctorate, works in a state-owned enterprise and is very busy. When she comes home from work, she doesn’t watch TV or play with her mobile phone. She looks up information on the Internet to study ways to educate her children and concentrate on tutoring her children. In order to accompany her son in his homework, she prepared two notebooks with the same size and different colors. One is to record the child’s performance and homework, and the other is to record the process of accompanying him to grow up, including some methods to help him learn or problems that need attention at ordinary times.

  Such a rational and methodical mother will inevitably collapse in front of her homework. Wang Xia is often holding back his anger and tutoring his homework with both carrot and stick.

  For example, I left a lot of homework in the past winter vacation, such as Chinese, math, English, sports, music, dance, calligraphy and art … … Almost everything needs the cooperation of parents. Originally, there was a lot of content, and the child was particularly dawdling when writing homework. "I think what can be done in 20 minutes, he can’t finish it in two hours, and he especially loves bargaining." "Mom, this can write less? Can you not write this? "

  The most exasperating thing is that the child became so angry with her that she learned to speak in front of her: "Doing homework for a while, playing with the eraser, eating for a while, drinking for a while, and half an hour passed … …” Seeing his triumphant appearance, Wang Xia felt that he had done something wrong in his previous life, and God sent him to punish himself.

  A while ago, she read the news that some parents were angry with cerebral hemorrhage during tutoring homework and went directly to the hospital. She also silently prepared a bottle of quick-acting rescue pills for herself in case of emergency.

  03

  Apples are no longer apples, oranges are not oranges.

  If you think that tutoring begins in primary school, you are wrong. Now the kindergarten has already opened a thinking class.

  Tao Ran’s daughter’s kindergarten teacher arranged a question for her parents. The question type is: an apple = two oranges, and an orange = three cherries. Q: How many cherries does an apple equal? The teacher asked parents to draw inferences and give similar questions to their children.

  As soon as Tao Ran finished reading the topic, her daughter asked her, "Mom, an apple is an apple. Why do you say it is an orange?"? An orange is an orange. Why do you say it is a cherry? " Tao Ran explained it several times. It was just a hypothetical question. My daughter finally collapsed and cried: "It is an apple! It’s not a cherry! If you want to eat apples, take them! Mom, this is an apple! " (The child’s breaking point is, what happened to my mother? Did you lose your brain watt? How terrible! )

  Tao ran didn’t know how to deal with it, and his emotions were on the verge of collapse. He said, "Baby, I’ll read the questions to you again! Suppose! Suppose! Suppose an apple is equal to two oranges! " My daughter still can’t understand why my mother has to call apples oranges.

  In the end, the mother and daughter wept bitterly because they could not understand each other’s thoughts! The apple at this time is no longer the original apple, and the orange is not the original orange.

  04

  Yes, you can. Shut up if you don’t.

  Compared with the anxious parent above, Zhao Wenting is a calm mother. Although her 5-year-old son has not started his formal study, she has begun to cultivate his study habits and self-control ability. For example, once the piano is difficult, once you play it three or four times and don’t get it right, you start to make excuses for yourself, saying that you are too young, the book is not put away properly, and someone has influenced him. In short, you don’t say that you didn’t play it right, and you don’t let me talk. When you say it, you are anxious and you cry.

  In this case, Zhao Wenting will let him calm down first and do other things by himself. My son is crying like a wolf, tearing his heart out, and his voice is hoarse. However, no matter how her son cried, how uncomfortable and sleepy he was, she simply said, "If you can’t finish the task today, don’t sleep. I am optimistic about the time, I can still have time to play after I finish practicing, and I decide whether to start or not. " All the fathers, grandfathers, grandmothers who can help are not allowed to enter the house.

  At first, my son cried badly, and the family would come over to dissuade him. Wen-ting Zhao left directly, and when his son saw his mother leave, he became even more lawless and became more violent. No one in the family can control this "little bully", and there will be no more words from now on. Zhao Wenting’s basic principle of "if you do it, you will shut up if you don’t" has achieved remarkable results.

  Without the backing, my son will basically cry for 10 seconds, and he will take the initiative to practice the piano and stop yelling. Such a plot can be staged five or six times a night. Zhao Wenting always keeps smiling and calmly faces. "I will try not to get angry. Long wrinkles are not good for my health, thanks to my mother!"

  05

  It’s a long March. Who’s afraid of who?

  Compared with manic mothers, dad Cheng Gang said that he was "cold-blooded" in educating his children.

  In order to keep the children from losing at the starting line, Cheng Gang enrolled his son in a foreign language class. At first, my son was shy, and the teacher was embarrassed to open his mouth. After getting acquainted with the teacher, I began to smirk and answer irrelevant questions.

  The teacher reflected his son’s inattention and distraction in class. When he came home from class, Cheng Gang asked him to reflect on what he had done wrong in English class, and his son refused to admit his mistake.

 

  Cheng Gang said, "Well, then recite the words you just learned today against the wall."

  "Dad, I don’t remember that much!"

  "Good, then close your eyes and count for 100 seconds!"

  "Dad, 100 seconds is too long!"

  "Count two 50 seconds!"

  "All right!"

  After 100 seconds, Cheng Gang asked him to meditate cross-legged in the dark room and continue to reflect. In class the next day, if there is improvement, the time will be reduced, and if there is no improvement, the time will be added.

  "Counseling children is a process of wits! Anyway, whatever you say, I have something. Here. The long March is long, and the enemy can’t be defeated, and he is injured first. "

  "Want to fight with me! Son, you are still tender. "

  Expert advice:

  Don’t interfere too much

  Chu Zhaohui, a researcher at China Academy of Educational Sciences

  Parents accompany their children to do homework. First, they will make them feel that this homework is not what I want to do, but what parents want me to do. Children’s autonomy will be suppressed and their sense of responsibility for homework will be reduced. In the long run, children will form a passive personality, which will affect their long-term development. Second, if a child can finish his homework on his own, it is actually a kind of interference for his parents to watch and correct all kinds of situations when he writes his homework. This kind of interference will reduce the efficiency of children’s homework. The lower the efficiency, the more dissatisfied parents are, forming a vicious interaction and cycle. Third, when a child has no parents to accompany him, then he may not know how to do his homework, or even stop doing it at all.

  Therefore, it is enough for parents to know whether their homework is completed and understand their children’s homework, so don’t interfere too much. As long as the child can do it, leave him alone and let him do it, so as to cultivate the child’s autonomy and sense of responsibility. For those parents who have been with them for some time in the past, the next thing to do is to let go as much as possible, so that children can have a quiet little environment and finish their homework by themselves. Especially in senior grades, when parents don’t know the content of their studies and can’t make a judgment, they should leave this matter to the communication between teachers and students and let them go completely.

  Respect children’s growth and learning rules.

  Zong Chunshan, director and researcher of Beijing Youth Legal and Psychological Counseling Service Center.

  Parents should respect their children’s growth and learning rules. For example, in primary school, there is more gamification learning, and children have no abstract thinking, so it is difficult to multitask. If parents don’t understand the learning rules and characteristics at this stage, they will judge this matter according to the speed and standards of adults, and blindly accuse their children of slow homework, which will bring great pressure to their children. Children either cry or give up, or they are tired of learning, and parents will feel very unhappy. In the end, both sides lose, and happiness is completely gone.

  Accompany children with homework, one is to cultivate emotions. We need a good atmosphere at home. Mom and Dad are studying, and the children are not alone. The second is to cultivate confidence. Only pay attention to the right, not the wrong, and cultivate the interest and ability in learning. Everyone is different. Teach students in accordance with their aptitude. Don’t compare your own children with other children. The third is to cultivate the hero’s consciousness. For example, if there is an error in the homework, ask the child to check it himself. At the beginning, parents may help with the examination. In the second stage, the child will find it himself. If he can’t find a parent, he should not help. The teacher will criticize him. Let children feel that they are the masters of their homework and learn to bear the consequences of their choices. When parents return the responsibility of learning to their children and the subject of learning to their children, happiness will be improved. (At the request of the interviewee, pseudonyms are used in the text.)

Foreign trade development is resilient enough.

Since the beginning of this year, in the face of the complicated domestic and international economic situation, China’s foreign trade has withstood the pressure. In the first quarter, the total import and export volume reached 9.42 trillion yuan, up 10.7% year-on-year. The overall start was good, which laid a good foundation for achieving the annual target and fully reflected the resilience of foreign trade development.

We should also see that China’s foreign trade development environment is becoming more severe and complicated, and it faces many risks and challenges. A number of experts said that we should do a good job in stabilizing foreign trade policies, study effective new policies, and strive to keep foreign trade running in a reasonable range throughout the year.

Steady foreign trade policy continues to exert strength.

In the first quarter, despite the complicated and severe international environment, China’s export enterprises had a strong ability to adapt to changes in external demand. At the same time, the policy of stabilizing foreign trade continued to exert strength, and the effect of building the "Belt and Road" continued to emerge. The new foreign trade format developed rapidly and achieved a steady start on the whole.

"In the case of a high base, China’s foreign trade still maintains a double-digit rapid growth, which fully reflects the resilience of China’s foreign trade development." Liu Xiangdong, deputy director of the Economic Research Department of China International Economic Exchange Center, said.

Data show that in the first quarter, China’s industrial export delivery value increased by 14.4% year-on-year, and continued to maintain rapid growth. Among them, export delivery value’s automobile manufacturing industry and special equipment manufacturing industry both increased by more than 20%. "China has a complete industrial system and strong supporting capacity, which can quickly adapt to changes in international market demand, and foreign export demand for industrial products in China has expanded." Fu Linghui, director of the National Statistics Department of the National Bureau of Statistics, said.

After entering March, the local cluster epidemic situation in China showed the characteristics of multiple points, wide coverage and frequent occurrence, and the supply chain of foreign trade industry chain was affected to some extent. "At present, China’s foreign trade development is under great pressure." Bai Ming, deputy director of the International Market Research Institute of the Ministry of Commerce, said that on the one hand, the impact of the COVID-19 epidemic continues, the bottleneck of the global supply chain has not been alleviated, and the shortage of important raw materials such as chips continues to plague foreign trade enterprises; On the other hand, geopolitical risks are high, commodity prices are rising, and global economic and trade recovery is facing greater uncertainty.

China has issued a series of policy measures to help small and medium-sized foreign trade enterprises improve their production and business environment, and achieved certain results.

Regional cooperation is deepening.

On January 1st this year, the Regional Comprehensive Economic Partnership Agreement (RCEP) came into effect for 10 member countries. Up to now, the number of effective members of RCEP has reached 12.

Since the entry into force of RCEP, dividends have begun to appear. Customs statistics show that in the first quarter, China’s total import and export value to the other 14 member countries of RCEP exceeded 2 trillion yuan, up 6.9% year-on-year, accounting for 30.4% of China’s total foreign trade value in the same period. Among them, the year-on-year growth rate of import and export volume with South Korea, Malaysia and other countries exceeded double digits.

Judging from local conditions, the effective implementation of RCEP has played a positive role in stabilizing foreign trade. Take Shandong as an example. In the first quarter, Jinan Customs, Qingdao Customs and Shandong CCPIT issued 24,000 RCEP certificates of origin, ranking first in the country. Shandong’s import and export volume to other 14 member countries of RCEP increased by 20.9% compared with the same period of last year.

According to statistics, in the first quarter, Chinese enterprises used RCEP to import 6.7 billion yuan and enjoy import tariff concessions of 130 million yuan; Enjoy the export of 37.1 billion yuan, and it is expected to enjoy the tariff preference of 250 million yuan from member countries.

At the same time, China’s circle of friends to build the "Belt and Road" continues to expand. Since the beginning of this year, China has signed cooperation documents with Nicaragua, Syria, Argentina and Malawi to jointly build the "Belt and Road". "Up to now, China has signed more than 200 cooperation documents with 149 countries and 32 international organizations to jointly build the Belt and Road." Meng Wei, deputy director of the Political Research Office of the National Development and Reform Commission, said.

China’s trade with countries along the "Belt and Road" has become increasingly close. In the first quarter, the import and export value of China and the countries along the Belt and Road accounted for 31.1% of China’s total foreign trade import and export value, which was 1.4 percentage points higher than that of 2021 and 6.1 percentage points higher than that of 2013.

As an important guarantee for interconnection on the "Belt and Road", the overall operation of China-Europe trains is stable and efficient, showing strong development resilience. In the first quarter, China-Europe trains operated a total of 3,630 trains and transported 350,000 TEUs, up by 7% and 9% respectively year-on-year, and the comprehensive heavy container rate was 97.7%. The monthly train volume remained above 1,000 trains for 23 consecutive months, effectively ensuring the stability of the international industrial chain supply chain.

Controlling the epidemic situation is the key to the steady growth of foreign trade

Since the beginning of this year, new changes have taken place in the characteristics of epidemic spread, but as long as we adhere to scientific epidemic prevention, we can gradually block the spread of epidemic and reduce the adverse impact on economic and social development. "If the epidemic situation in Shanghai and other places was effectively controlled in May, China’s foreign trade will continue to grow in the second quarter." Liu Xiangdong said.

"The pressure of foreign trade in the second quarter is not necessarily smaller than that in the first quarter, but the momentum of foreign trade development is still sufficient." Bai Ming believes that the long-term fundamentals of China’s economy have not changed, and the trend of sustained economic recovery has not changed. China’s industrial system is complete, infrastructure is constantly improving, the advantages of super-large-scale market are obvious, and the effectiveness of innovation-driven development is constantly emerging, which has a good foundation for promoting sustained and healthy economic development. "China’s policy toolbox for supporting foreign trade development is well stocked, and measures to stabilize foreign trade are put in place." Bai Ming said that the RCEP dividend is gradually released, and the trading partners tend to be diversified, which are favorable factors to support the steady growth of foreign trade. He also stressed that small and medium-sized foreign trade enterprises are under great pressure at present, so it is very important to stabilize market players.

"Since last year, China has implemented more active policies and measures to stabilize foreign trade and foreign investment, and has achieved remarkable results. In particular, under the premise of normalization of epidemic prevention and control, it has continued to expand trade channels, optimized trade structure, fostered the development of new trade formats, and effectively promoted the high-quality development of foreign trade." Liu Xiangdong said that in the next step, facing the new situation and challenges at home and abroad, it is necessary to comprehensively improve the pertinence of foreign trade development, focus on unblocking the supply chain of industrial chain and ensure the stability of industrial production. In view of the high fluctuation of international commodity prices, we will accelerate the diversification of supply channels. Support foreign trade enterprises to make full use of digital technology to develop new formats such as cross-border e-commerce and overseas warehouses, and effectively do a more precise job in stabilizing trade channels and markets.

"Although the international environment is complicated and severe, on the whole, the world economy is still recovering, and the demand for China’s export products will still increase. China’s export enterprises are also more capable of adapting to changes in external demand. " Fu Linghui said. (Reporter Feng Qiyu)

Controversy over Xi Shi’s hometown: Zhuji sent an official letter to Xiaoshan asking for cancellation of fraud.

  [Tracing the dispute over the hometown of celebrities]

  Why Zhuji sent an urgent letter to Xiaoshan?

  On February 15th and 16th, Shi Zhiban and Zhuji Municipal People’s Government of Zhejiang Province sent official letters to Zhejiang Local Records Office and Xiaoshan District Government, respectively, asking them to maintain the historical truth, and to cancel or change all the contents of Xiaoshan City Records’ false "hometown of Xi Shi".

  What makes Zhuji people even more angry is that at the beginning of the new year in 2017, the relevant departments of Xiaoshan vigorously launched a slogan on Line 2 of Hangzhou Metro, the provincial capital: Millennium ancient town, hometown of Xi Shi, vibrant Linpu! Zhuji thinks this is a real false advertisement.

  "On the evening of August 21st, 1959, when Chairman Mao Zedong passed Zhuji and met Sun Zifu, then secretary of Zhuji County Party Committee, on the special train, he said: Zhuji is a famous place, and beauty Xi Shi and painter Wang Mian are both here …" Comrades from the Propaganda Department of Zhuji Municipal Committee told reporters that they could not accept the "dispute over Xi Shi’s hometown" that began 30 years ago.

  The reporter learned that in 2015, Xiaoshan City Records violated the Regulations on the Work of Local Records, and listed Xi Shi, an ancient man 2,500 years ago, as the number one biography of modern Xiaoshan City Records for the first time, and shouted for the first time that Xiaoshan was a place where Gou Jian was working hard. In 2016, Xiaoshan created a large-scale live-action musical "Xi Shi" and invited Tan Dun to invest 258 million yuan to sing "Xiaoshan is the hometown of Xi Shi".

  This series of actions of Xiaoshan has made this debate heated up.

  In 1986, Xiaoshan discovered that Mao Qiling, a scholar from Xiaoshan in the early Qing Dynasty, once quoted Liu Zhao’s annotation and wrote: "Yue Jue" said: Xiaoshan is the place where Xi Shi came from. " Wang Wei, a teacher in Xiaoshan, often published the article "Xi Shi came out of Xiaoshan", saying that "Xi Shi came out of Xiaoshan, which was first seen in the Book of the Later Han Dynasty". It is also believed that "Xi Shi was born in Zhuluo village in Yuedi (now Zhuluo village in Linpu, Xiaoshan)". "War" thus kicked off.

  "According to historical records, the name of Xiaoshan County, which began in the Tianbao period of the Tang Dynasty, could not have appeared in Yue Jue Shu of the Han Dynasty. The Book of the Later Han Dynasty was written in Liu and Song Dynasties, more than 300 years earlier than the county name of Xiaoshan. According to Yuejueshu, there is no such text. It is not surprising that there are monuments of Xi Shi in Xiaoshan, because Xi Shi and Zheng Dan entered Wu from Vietnam, passing through Shaoxing, Xiaoshan, Deqing, Tongxiang, Jiashan, Huzhou, Suzhou and other places, and monuments commemorating Xi Shi appeared everywhere along the way, which some scholars call the’ Road of Xi Shi’. The’ historic site’ and’ hometown’ are completely different in nature, and the concepts cannot be exchanged to equate them. " Qi Caoliang, deputy director of Shi Zhiban, Zhuji City, told reporters that Zhuji and Shaoxing are the places where Gou Jian tried his best, and Huanjiang is in Zhuji. There has never been a Zhuluo village in Xiaoshan’s history. The present "Zhuluo Village" in Xiaoshan was formed by merging three natural villages in 2005. "Linpu has never belonged to Zhuji in history. Xiaoshan County was renamed from Yongxing in the first year of Tang Tianbao (742), and Linpu was called Linpuli as late as the Song Dynasty. "

  Textual research on ten representative historical books at the national level and Shaoxing prefecture level before the Southern Song Dynasty, such as the Spring and Autumn Annals of Wuyue in the Eastern Han Dynasty (Xu Tianqiu’s annotation), the Records of Huiji in the Southern and Northern Dynasties, the Records of Ten Roads in the Tang Dynasty, the Notes of Taiping Yu in the Northern Song Dynasty, the Records of Jiatai Huiji in the Southern Song Dynasty and Fangyu.

  Records of Zhuji County, which were officially edited by Zhuji officials, all have biographies and historical records of Xi Shi and Zheng Dan. There are only three Records of Xi Shi of Zhu Xi, which were officially edited by Zhuji officials in Ming and Qing Dynasties, and also include poems written by Xi Shi and Zheng Dan led by Zhu Yuanzhang, the founding emperor of Ming Dynasty. The inheritance is orderly, and there are endless books.

  Zhuji pointed out that Xi Shi was never mentioned as a native of Xiaoshan in the Records of Xiaoshan County compiled by Jiajing, Wanli, Kangxi and Qianlong in the Ming and Qing Dynasties, and Xi Shi was not included in the biographies of county chronicles. Today’s "Xiaoshan City Records" has written Xi Shi, an ancient man more than 2,500 years ago, into a biography for the first time, which has neither inheritance nor historical basis.

  This may be an argument that should not have happened.

  This may be an argument that should not have happened.

  Su Buqing, president of Fudan University, said: "The issue of Xi Shi’s birthplace has been recorded in history and verified by experts, which has long been conclusive. If you practice fraud, even if you get away with it for a while, it will be untenable in the future. "

  In 2006, the State Council announced the first batch of national intangible cultural heritage lists, of which the tenth item was "Legend of Xi Shi" belonging to Zhuji City; In 2007, China Xishi Culture Research Center, a national regional cultural research center, was permanently located in Zhuji by the Ministry of Culture, which is a reaffirmation that Zhuji is the hometown of Xishi.

  Successive Zhuji Municipal Party Committee and Municipal Government have done a lot of work in protecting the historical relics and cultural imprint of Xi Shi, and building Xi Shi Dian, Xi Shi Gallery, Xi Shi’s hometown scenic spot and beautiful countryside Xi Shi landscape belt. The local organization commemorates Xi Shi’s Lotus Festival every year, and holds Xi Shi Cultural Festival every two years, inviting friends, rural sages and experts at home and abroad to offer public sacrifices to Xi Shi.

  He Jianmin, director of the Tourism Management Department of Shanghai University of Finance and Economics, said with emotion: "The dispute over the hometown of celebrities is actually a struggle for an iconic, attractive and revealing cultural tourism resource, so as to enhance the visibility of the region in the whole country or the whole city. With influence, there will be customers, which can attract investment and bring income. "

  On the morning of 23rd, the reporter sent a message to contact Wang Zhihua, the section chief of Xiaoshan Shi Zhiban, and planned to conduct an interview on several issues: Xiaoshan said that Xi Shi’s hometown was in Xiaoshan. What is the conclusive historical basis? In the past, there was no saying in Xiaoshan local chronicles that Xi Shi’s hometown was in Xiaoshan. Why did it come up later in the new local chronicles? What is the idea that Xiaoshan started the dispute over Xi Shi’s hometown?

  After not getting a reply, at noon, the reporter called Shi Zhiban directly in Xiaoshan, hoping to introduce and state some relevant information about the questions raised by Zhuji. However, the comrades who answered the phone declined the interview on the grounds that it was an "academic debate".

  The reporter did not give up the interview: "At present, the two places hold their own words, but the materials provided by Zhuji are more detailed, so I hope Xiaoshan can also provide some statements. Your refusal to interview is actually a statement. "

  Five minutes later, the reporter received a phone call from Wang Zhihua and promised to provide a "Xiaoshan statement" to the reporter. He sent the reporter an email entitled "The history of Xi Shi’s hometown has not yet been settled".

  How should the 30-year-old debate end?

  According to the "Xiaoshan theory":

  In the Southern Dynasties, Liang Liu Zhao placed a bet on the "Yu Ji" in the History of the Later Han Dynasty: "Yue Jue" said: the place where Xi Shi came from. "

  In the Northern Song Dynasty, Ouyang Yi wrote a book titled "A Wide Record of the Land" (Volume 22) and "On the Road between Zhejiang and Xiaoshan", saying: "Xiaoshan County is Benyu County, and the Han Dynasty belongs to Huiji County. At the end of the Han Dynasty, a nursery rhyme said: The son of heaven should flourish between the three southeastern regions, so Sun Quan changed his name to Yongxing County, and Jin was promoted because of it. Sui Province entered Huiji County. Tang Yifeng was reinstated in two years, belonging to Yuezhou. The first year of Tianbao was renamed Xiaoshan County. ….. The Vietnamese beauty is from this county. "

  Zhuji believes that Xiaoshan’s statement needs to be refuted. They asked the reporter to forward the two posts of "Twenty Evidence of Xiaoshan’s Fake Hometown of Xi Shi" and "Xiaoshan’s Fake Hometown of Xi Shi Dare not Touch Six High Voltage Lines" to Xiaoshan, and asked them to carefully see if they could reply to the defense. Zhuji pointed out that the book Yue Jue Shu is a pure fraud, and it is false to check the original book. Xi Shi’s hometown is an immovable geographical coordinate. No matter how the construction evolution changes, the nature of historical sites and hometown is completely different.

  On the evening of 23rd, the reporter sent the above two posts to Xiaoshan by email, asking them to express their views, but as of 5pm on 24th, the reporter had not received any reply.

  "All publicity related to Xi Shi’s hometown and related contents, especially official history books, should be based on the records of previous dynasties, and should be based on national authoritative history books such as Cihai, Encyclopedia of China and Atlas of Chinese History. Xi Shi’s culture can be shared, but Xi Shi’s hometown cannot be invaded. " Qi Caoliang told reporters.

  A scholar who has been paying attention to this matter and witnessed the whole debate feels sad: "We should spend more energy on the excavation and arrangement of Xi Shi culture, instead of turning over the history to compete for the hometown of celebrities for no reason."

  The phenomenon revealed and reflected behind the dispute over Xi Shi’s hometown involves a series of issues, such as how to inherit China’s excellent culture, how to respect history and culture, and how to be honest in academic research. Experts suggest that the relevant departments in Zhejiang Province take the lead in organizing a seminar on Xi Shi’s hometown to solve this difficult cultural and academic problem and let all parties provide historical evidence on the spot. (Reporter Yan Hongfeng)