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Xiaomi SU7 racetrack is a thrilling scene, and the safety of electric vehicles running on the racetrack attracts attention.

Recently, a video broke out on the Internet, and Xiaomi SU7 (parameter | inquiry) rushed out of the track and hit the guardrail while driving at the tianmashan circuit. According to the account of the parties on social media, the brakes of the vehicle were suspected to be attenuated before turning, but fortunately, the accident was not serious, the body structure was still intact and the people on board were safe and sound. Because the vehicle in this accident is Xiaomi SU7, which has just been listed, it has aroused great concern and extensive discussion on the Internet, and there are also different opinions on the cause of the accident. So how did all this happen?

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● How about visual safety? The accident was minor, the car was not damaged, and the personnel were safe.

First of all, let’s talk about safety. From the live video and pictures, we can easily see that the impact of the vehicle is not strong, and the thick tire wall is set on the outside of the corner, and the buffer area is large enough, so the main part of the car body can’t see any signs of deformation after the accident, and the four doors are almost unaffected. This is a minor accident on the track. If the collision impact is greater, the test of the strength of the body of Xiaomi SU7 has just begun.

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However, the passive safety design of Xiaomi SU7 car body is fairly comprehensive. The whole car adopts a cage-type steel-aluminum hybrid car body. The proportion of high-strength steel and aluminum alloy reaches 90.1%, and the torsional stiffness reaches 51,000 nm/deg, which is higher than that of the super sports car Bugatti Veyron (50,000 nm/deg). The battery beam and sill beam are made of 2000MPa ultra-high strength steel and ultra-wide multi-cavity extruded aluminum alloy, respectively, which can withstand the lateral impact up to 820kN.

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We guess the cause of the crash.

Accidents that rush out of the track in corners are not uncommon, and there are many reasons, which may be caused by the driver’s improper operation and missing the braking point. Of course, some reasons of the vehicle itself are not excluded. As for whether there is a problem with the personnel factor or the vehicle’s braking system in this accident, we dare not jump to a conclusion until we have more information and an appraisal report issued by an authoritative organization. Aside from the driver’s improper operation, what factors may lead to the accident if we only explore the vehicle itself?

1. The driver is not familiar with the vehicle performance and misjudges the braking point.

In terms of power output, the motor has high energy conversion rate, greater torque, and can output peak torque at the beginning of starting, which has inherent advantages in acceleration performance. Therefore, in tianmashan, a track with many bends and few straight roads, driving pleasure is higher than that of oil trucks. Xiaomi SU7 Max version is equipped with dual-motor four-wheel drive system, with amazing power parameters, and the officially announced acceleration time is only 2.78 seconds. However, compared with oil vehicles, electric vehicles also have an obvious disadvantage, that is, weight.

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The curb weight of Xiaomi SU7 Max is as high as 2.2 tons. Even for BBA with four-wheel drive vehicles of the same level, their curb weight is mostly between 1.9 and 2.0 tons. The continuous high-load track conditions are a great test for the braking system of electric vehicles. At the same time, it should be noted that the delivery of Xiaomi SU7 was only started at the beginning of this month. Today, the time for users to get a new car is not long, and they are not familiar with the performance of the vehicle. There is a possibility that the brake point will be misjudged directly off the track.

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2. iboost’s Feet in Extreme Working Conditions

Xiaomi SU7 is equipped with Bosch DPB2.0 Decoupled Power Brake)+ESP10.0, which is a fully decoupled brake-by-wire scheme. The brake pedal and the brake system are not driven by the traditional mechanical scheme of brake pedal-vacuum booster-brake master cylinder-oil pressure. As the name implies, full decoupling means that there is no mechanical connection between the brake pedal and the brake, and the brake pedal is only responsible for inputting pressure signals, and the electric control system exerts pressure on the brake. If a node of the above link fails, it is possible that the situation mentioned in the chat record will happen. But before the inspection information of no authoritative organization is released, the above is just speculation.

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● How is Fe racing solved? The high-power kinetic energy recovery system can almost replace the brake.

So for electric vehicles, how to deal with the track conditions? Let’s take a look at how the electric Formula FE racing car is made. In addition to the top-notch braking system, braking heat dissipation efficiency, aerodynamic design and special tires, it is also equipped with a kinetic energy recovery system called ERS(Energy Recovery System), which is installed in F1 racing cars (KERS), electric Formula FE racing cars, Le Mans and other racing cars. Take the electric Formula FE racing car as an example. At present, the ERS system of the third generation FE racing car adds a 250kW front motor for kinetic energy recovery on the basis of the original 350kW rear drive motor of the second generation racing car.

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● High-performance tram solutions in the industry: the maximum kinetic energy recovery power has risen to 400kW.

In the field of civil high-performance electric vehicles, besides strengthening the hardware of braking system, optimizing braking heat dissipation efficiency, aerodynamic design and using tires with stronger performance, kinetic energy recovery system can also play a certain role in vehicle deceleration. Take the Porsche Taycan Turbo GT (New North’s score of 7:07:55), which has set the fastest lap time in New North, as an example, the maximum energy recovery power of its kinetic energy recovery system is increased by more than 30%, from 290kW to as high as 400kW. However, although the kinetic energy recovery system can play a certain role in reducing the speed and braking distance, it is far from enough to rely on the kinetic energy recovery system to deal with the extreme track conditions.

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Low article summary:

Generally speaking, although the runaway brake incident of Xiaomi SU7 track exposed some problems of Xiaomi’s driving on the track, it also provided us with an opportunity to observe and think about the safety problems of the automobile industry. From this incident, we can see that the safety of electric vehicles in the track depends not only on the design and manufacture of vehicles, but also on the driving skills and habits of users. In order to make mass-produced sports cars play their strongest performance on the track, it is also necessary for all parties, such as automobile brands and users, to work together. Of course, this incident has also brought improvement experience and lessons to Xiaomi Company, and also has a positive effect on new product development.

What conditions does China need to cut interest rates next？

Core view

In the second quarter, the three conditions of interest rate reduction may have marginal changes, which in turn will push interest rates down. (1) According to the market expectation, the Federal Reserve may start to cut interest rates in June, and the domestic wide monetary space may be gradually opened. (2) At present, domestic real estate investment and sales are still in a deep adjustment range. In the first quarter, the financial strength was less than expected, the issuance of special bonds was slow, the growth rate of infrastructure may be restricted, and the weak economic fundamentals may need further care from the broad currency. (3) From a medium-and long-term perspective, in the process of resolving local debt risks, for the needs of steady growth and reducing the cost of bond swap, or the cooperation of the central bank with a wide currency, and the real estate cycle has not yet reached an equilibrium level, the wide currency is still needed for support. Under the combination of "wide currency+weak fundamentals", interest rates may usher in new catalysis.

abstract

Since the first quarter, the interest rate of 10-year treasury bonds has continued to consolidate after falling to around 2.3%.It is difficult for the interest rate to exceed 2.3% in the short term, mainly because of the following two reasons: 1) The interest rate of 1)10Y national debt has implied the expectation of 20BP interest rate reduction, but at present, under the restriction of exchange rate, the probability of short-term interest rate reduction in China is low; 2) On the economic fundamentals, most macro data in January and February were better than expected, and the bond market was adjusted back due to the recovery of sentiment in the equity market and the seesaw effect of stock and debt. If the subsequent interest rate is to go down further, it may need the guidance of MLF to cut interest rates. What are the conditions for the next rate cut? We answer this question from overseas, domestic and medium-and long-term perspectives.

Condition 1: the exchange rate restricts interest rates and waits for the Fed to cut interest rates.

The exchange rate and interest rate have once again reached their respective low levels, and the supervision faces a dilemma, or it may need to wait for the Fed to cut interest rates.There are two main reasons for the recent depreciation of the RMB exchange rate: 1) In 2024, the resilience of the US economy is still strong, which is manifested in the stubbornness of inflation and the resilience of employment, and the Fed’s interest rate cut is expected to be delayed. Judging from the bitmap of the interest rate meeting in March and the expectations of the futures market, the Fed may cut interest rates at least three times in 2024 and start to cut interest rates as early as June. 2) In addition, in the early period, the Bank of Japan’s monetary policy turned, and the exchange rate of the yen was favorable, and the yen depreciated. As the second largest weight in the basket of currencies of the US dollar index, the yen led to the appreciation of the US dollar and the passive depreciation of the RMB.

Condition 2: The economy still has hidden worries, and it still needs wide monetary care.

1-2Most macro indicators in June were better than expected, but the performance of high-frequency indicators such as real estate and infrastructure was still weaker than the same period of last year, which needed the care of a wide currency.In January and February, most macro indicators such as CPI, industrial added value, investment in fixed assets, export and consumption were better than expected, but credit indicators such as social financing were lower than expected, and high-frequency indicators in real estate, infrastructure and other fields were still weaker than the same period of last year. Specifically, 1) although real estate investment converged to -9% in January and February, other related indicators of real estate (such as newly started area and sales area) are still in the double-digit decline range; 2) The growth rate of infrastructure investment in January and February was at a high level of 9%, but the rate of construction site resumption after the holiday was weaker than that in the same period of last year. The issue of special bonds and the net financing of urban investment bonds in the first quarter were not optimistic, and the growth rate of subsequent infrastructure may slow down.

Condition 3 of interest rate reduction: to solve the two major risks, it is also necessary to cooperate with a wide currency.

Looking back at history, risk resolution needs substantial support from liquidity.For example, during the period of 2015-2018, in order to cope with local hidden debts and high inventory of real estate, China issued a total of about 12 trillion replacement bonds, 2.65 trillion new special bonds, and 3 trillion net PSL, with a total scale of nearly 18 trillion, which is about 26% of GDP in 2015. At the same time, the one-year LPR quotation was reduced by 120BP.

Risk 1: In the process of localized debt, infrastructure investment may be under pressure, and the pressure of debt service will rise, which requires the cooperation of a wide currency.Under the current background of localized debt, the expansion of local debt, especially implicit debt financing, may be restricted. From the perspective of capital correlation, local implicit debt has the greatest impact on the growth rate of infrastructure. In 2024, infrastructure investment may be under pressure, and from the perspective of steady growth, it still needs the support of a wide currency. In addition, from the perspective of interest payment pressure, the balance of government debt is expected to increase by 13% in 2024, while the growth rate of generalized fiscal revenue and expenditure in 2024 is only 2.5% and 7.9%. In the case of no obvious decline in interest payment cost, the pressure of government interest payment may rise further. From the perspective of reducing the pressure of government debt repayment, it is necessary to cooperate with a wide currency.

Risk 2: the downward pressure on real estate is still great, and it needs wide currency support.Judging from the scale of real estate investment, the scale of China’s real estate investment in 2023 decreased by nearly 25% compared with the high point in 2021, while Japanese real estate investment peaked in 1996, with the highest cumulative decline of 54%. From the perspective of housing price, the price index of new houses and second-hand houses in 70 cities in China has fallen by about 5% and 10% respectively compared with the high point in 2021, while the average residential land price index in Japan has fallen by 47% compared with the high point. Judging from the level of residents’ leverage ratio, China’s residents’ leverage ratio is still consolidating, while Japan’s residents’ leverage ratio started rapid deleveraging in 1999, with the maximum leverage ratio of 12.6pct. To sum up, at present, the downside risk of China’s real estate is still large, which requires the support of a wide currency.

The following is the text

Since the first quarter, the interest rate of 10-year treasury bonds has been rapidly falling to around 2.3%, and it has continued to consolidate in the near future.It is difficult for the interest rate to exceed 2.3% in the short term. We believe that there are two main reasons: (1) Compared with the one-year MLF interest rate of 2.5%, the interest rate of 10-year government bonds has implied the expectation of interest rate reduction of 20BP. However, under the restriction of exchange rate, the Federal Reserve will not budge, so the probability of short-term interest rate reduction in China is low, and it may be difficult for interest rates to fall sharply again; (2) On the economic fundamentals, the macro data in January and February were disclosed one after another, among which the export, CPI, investment in fixed assets, industrial added value and other indicators were all better than expected, and the bond market rebounded due to the recovery of sentiment in the equity market and the seesaw effect of stock and debt. If the subsequent interest rate is to go down further, it may need the guidance of MLF to cut interest rates.

What are the conditions for the next rate cut? We answer this question from overseas, domestic and medium-and long-term perspectives.

Exchange rate and interest rate once again came to their respective low levels.Since the "811" exchange rate reform in 2015, the stages when the exchange rate and interest rate are at their respective relatively low levels are mainly from the end of 2016 to the beginning of 2017 and the beginning of 2020. The follow-up trend of the two stages is the upward trend of interest rate and the appreciation of exchange rate. The essential reason behind this is the improvement of economic fundamentals. However, at present, the domestic economy is still in a weak recovery stage, and the expectation of the Federal Reserve’s interest rate cut is delayed, so the supervision faces a dilemma between exchange rate and interest rate.

Is the American economy "soft landing" or "reflation"? When will the interest rate cut come?

The market had expected that the Federal Reserve would start to cut interest rates in the first quarter of 2024. In this regard, the US bond interest rate was expected to cut interest rates in advance and fell sharply in the fourth quarter of 2023; However, the recent expectations of the Federal Reserve to cut interest rates have been frustrated, and the interest rate of US bonds has also rebounded. The reason behind this is that the US economy is still resilient, which is manifested in the stubbornness of inflation and the resilience of employment.

From more perspectives: 1) American inventory cycle is at the bottom, and some industries such as retail and wholesale show signs of replenishment; 2) From the perspective of industry prosperity, both manufacturing and non-manufacturing PMI are at the bottom, and the consumer confidence index is obviously picking up. As the economy continues to exceed expectations and inflation is sticky, the market’s expectations for the US economy have shifted from a soft landing to re-inflation.

Cut interest rates at least three times in 2024, and cut interest rates as early as June. Judging from the bitmap of the interest rate meeting in March, the Federal Reserve expects to cut interest rates three times (25 BP each time) in 2024; Judging from the expectation of CME futures market, the market expects the Fed to cut interest rates as early as June. As the Federal Reserve starts to cut interest rates, the pressure of RMB exchange rate depreciation will be reduced, and the domestic wide monetary space will also be opened.

In addition, the shift of the Bank of Japan’s monetary policy in the previous period led to the depreciation of the yen and the appreciation of the US dollar, which is also one of the reasons for the recent depreciation of the RMB exchange rate. On March 19th, the Bank of Japan announced the adjustment of the monetary policy framework, decided to raise the short-term policy interest rate from -0.1% to 0-0.1%, and cancelled the yield curve control policy (YCC), and will guide the short-term interest rate as the main policy tool in the future. The yen’s exchange rate trading was full of benefits and depreciated rapidly after the monetary policy turned. As the second largest weight in the basket of currencies of the US dollar index, the depreciation of the Japanese yen makes the US dollar appreciate and the RMB passively depreciate.

1-2Most domestic macro indicators were better than expected in June.Judging from the data of the opening year, most macro indicators in January and February were better than expected, such as CPI of 0.7% (expected 0.4%), cumulative industrial added value of 7% (expected 4.3%), cumulative investment in fixed assets of 4.2% (expected 3%), cumulative social zero of 5.5% (expected 5.4%) and export (denominated in US dollars). However, credit indicators such as social financing were lower than expected. For example, in February, social financing increased by 1.5 trillion yuan (expected 2.4 trillion yuan) and the stock of social financing increased by 9% year-on-year (expected 9.1%).

However, some macro indicators deviate from micro high-frequency indicators, especially in the fields of real estate and infrastructure.From the perspective of high-frequency indicators, high-frequency indicators such as rebar output, cement delivery rate, cumulative transaction area of residential land in 100 cities and cumulative transaction area of commercial housing in 30 cities are still lower than the same period in 2023.

Specifically:

oneAlthough real estate investment converged to -9% in January and February, other related indicators of real estate are still in the double-digit decline range.In January and February, the newly started, constructed and completed housing areas were -31%, -11% and -21% respectively compared with the same period of last year. The national commercial housing sales area and sales volume were -25% and -32% respectively, and the real estate investment end and sales end were still in deep adjustment.

2From January to February, the growth rate of infrastructure investment (including electricity) was at a high level of 9%. However, judging from the situation of project resumption, the rate of post-holiday construction site resumption was weaker than that of the same period last year.According to the survey and statistics of Centennial Construction Network, as of March 12th, the rate of starting and returning to work and the rate of working on labor services in national construction sites were 75.4% and 72.4% respectively, which were 10.7pct and 11.5pct； lower than that in the same period of the lunar calendar in 2023. From January to February, the investment amount of the project also dropped by more than 40% compared with the same period of last year.

In addition, from the perspective of project funds, the current high growth rate of infrastructure may mainly come from the support of the trillion-dollar issuance of government bonds in 2023, but the situation of funds in the first quarter, especially special bonds and urban investment bonds, is not optimistic.

Credit funds increased slightly:In January-February 2024, the medium-and long-term loans of newly-added enterprises were 4.6 trillion yuan, 10 billion less than that of the same period of last year. If the proportion of medium-and long-term loans invested in infrastructure in January-February 2023 and January-February 2024 is estimated by using the proportion of medium-and long-term loans invested in infrastructure in Q1 2023 and 36% in the whole year of 2023 respectively, it is estimated that 167 billion yuan will be invested in infrastructure in January-February.

The issuance of new special bonds is slow:From January to March, 2024, a total of 634.2 billion new special bonds were issued, 722.6 billion less than the same period of last year, and the issuance progress was slow. Among them, the proportion invested in infrastructure (excluding infrastructure construction of municipal and industrial parks) is about 35%, which is slightly higher than the proportion invested in infrastructure in Q1 2023 (about 34%). The scale of special debt invested in infrastructure in January-March was about 237.9 billion less than that in the same period of last year, with a year-on-year growth rate of about -52%.

The net financing of urban investment bonds has been reduced:From January to March, the net financing of urban investment bonds was only 166.1 billion, a year-on-year decrease of 481.6 billion, with a year-on-year growth rate of -74%.

Generally speaking, the performance of domestic real estate is still weak, and infrastructure investment may also weaken under the background of localized debt. M1, the price level continues to run at a low level, and it still needs the active care of the wide currency to promote its low level recovery.

Looking back at history, risk resolution needs substantial support from liquidity.

During 1998-2004, faced with the impact of the Asian financial crisis and the high non-performing loan ratio in the banking industry, fiscal policy, on the one hand, issued a total of 210 billion treasury bonds for three consecutive years to expand government investment, on the other hand, issued 270 billion special treasury bonds to replenish bank capital. The total scale of the two debts accounted for 5.6% of GDP in 1998, and at the same time, monetary policy was greatly relaxed, and the one-year loan interest rate was reduced by 306BP.

During 2015-2018, the regulatory authorities actively solved the problem of hidden debts of local governments by "opening the front door and blocking the back door", and issued a total of about 12 trillion replacement debts, which made the local hidden debts explicit and gave local governments the right to issue bonds. During the period, they issued a total of 2.65 trillion new special debts. In addition, the regulatory authorities also realized the goal of real estate destocking through the monetization of shed reform, with a cumulative net investment of about 3 trillion PSL funds. The total scale of these funds is as high as nearly 18 trillion, which is about 26% of GDP in 2015. At the same time, monetary policy has remained loose during this period, and the one-year LPR quotation rate has been reduced by 120BP.

In 2023-2024, in the face of local debt risks and the downturn of the real estate cycle, it is estimated that 7.7 trillion yuan of new local special bonds will be issued, 1.5 trillion yuan of special refinancing bonds will be issued, 1 trillion yuan of additional government bonds will be issued, and 1 trillion yuan of special government bonds will be issued, and the accumulated PSL funds will be about 0.25 trillion yuan, totaling over 11 trillion yuan, which is about 9% of GDP in 2023. Since 2023, the one-year LPR quotation rate has been reduced by 20BP.

2024In 2006, we continued to face two major risks: local debt and real estate downturn. In the process of resolving the two major risks, we also need the cooperation of wide currency.

Risk 1: The local government debt pressure may still rise, which should not be underestimated.Compared with 2022, in 2023, the debt ratio of all provinces rose to varying degrees, among which the debt ratio of 12 high-risk areas was generally high and rose rapidly. In 2023, only the debt ratio of Beijing, Shanxi, Jiangsu, Shanghai and Xizang was within the warning line of 120%. In 2024, the scale of local special debt will still increase, but the pressure of local fiscal revenue is still there, and the debt pressure may continue to climb, and localized debt has a long way to go.


Risk 1: Under the background of debt conversion, infrastructure investment may be under pressure.Judging from the document "Measures for Strengthening the Management of Government Investment Projects by Classification in Key Provinces (Trial)" issued by the General Office of the State Council, the key debt-oriented provinces will strictly control the new government investment projects and strictly clean up and standardize the government investment projects under construction before the local debt risk drops to a medium or low level. Judging from the investment plan of major projects, the investment amount of key projects in 2024 in Inner Mongolia, Guangxi, Guizhou, Ningxia and other key debt-paying provinces and cities decreased significantly compared with that in 2023.

Risk 1: Infrastructure investment may be under pressure, and stable growth requires a wide currency.Under the current background of localized debt, the expansion of local debt, especially the financing of implicit debt, may be restricted, and from the perspective of capital correlation, local implicit debt has the greatest impact on the growth rate of infrastructure. At present, the proportion of hidden debts and infrastructure in 12 provinces is about 19% and 26%. In 2024, if the growth rates of hidden debt and infrastructure in 12 provinces are -5% and -5% respectively, and the growth rates of hidden debt and infrastructure in non-12 provinces are 8% and 10% respectively, the corresponding annual growth rates of hidden debt and infrastructure are 5.7% and 6.1% respectively.

Risk 1: the pressure of interest payment is rising, and wide finance also needs the cooperation of wide currency.In addition, from the pressure of interest payment, the interest payment expenditure of government bonds reached 1.9 trillion in 2023, accounting for 6.7% and 5.1% of the general fiscal revenue and expenditure, up by 0.4 and 0.3pct； year-on-year; In 2024, the balance of government debt is expected to increase by 13%, while the growth rate of generalized fiscal revenue and expenditure in 2024 is only 2.5% and 7.9%. Under the condition that the cost of interest payment has not decreased significantly, the pressure of government interest payment may further rise. Judging from the rhythm of bond issuance, the issuance of government bonds will start in May or will enter a peak period; Judging from the maturity of bonds, it is estimated that about 10 trillion government bonds will mature in 2024, which means that if the interest payment cost of new bonds after bond swap is reduced by 1BP, the interest payment will be saved by 10 billion. From the point of view of reducing the pressure of government debt repayment and reducing the cost of bond swap, wide finance needs the cooperation of wide currency.

Risk 2: Is the downside risk of real estate over? From the perspective of quantity.

From the perspective of housing demand,According to the calculation of Oriental Jincheng, the sales area corresponding to the demand for new housing in cities and towns in 2021-2025 is about 718 million square meters. Suppose that the center of China’s real estate sales area is about 1 billion square meters. Although the sales area of China’s real estate is close to the center level at this stage, the sales area of real estate above the center in the past decade or so has overdrawn some of the housing demand in subsequent years, and this part of the real estate bubble may take a long time to clear up.

Judging from the scale of real estate investment,In 2023, the scale of China’s real estate investment was about 11 trillion yuan, which was nearly 25% lower than the high point in 2021. Judging from Japan’s experience, Japan’s real estate investment peaked in 1996, and now it is stable at about 18 trillion yen, with a cumulative decline of nearly 40% from a higher point and a maximum cumulative decline of 54%.

Risk 2: Is the downside risk of real estate over? From the perspective of price.

From that perspective of house price,According to the data of Zhongyuan Real Estate, by the end of 2023, the prices of second-hand houses in Beijing, Shanghai, Guangzhou and Shenzhen had dropped by 17%, 19%, 18% and 31% respectively. The price index of new and second-hand houses in 70 cities disclosed by the Bureau of Statistics peaked in August 2021, and by February 2024, it had dropped by about 5% and 10% respectively. From the experience of Japan, the average residential land price index in Japan reached a high point in 1991, and then declined all the way. In 2023, the average residential land price index has fallen by 47% from a high point.

Residents’ income confidence is weak, and the expected decline in house prices accounts for a relatively high proportion.In addition, according to the results of the central bank’s questionnaire survey, in the fourth quarter of 2023, only 12.6% of residents thought that their income had "increased", down 1.2 percentage points from the previous quarter, and the residents’ confidence index for future income further fell to 47%; From the perspective of house price expectation, only 12% residents expect house prices to rise, while 20.2% residents expect house prices to continue to fall.

Risk 2: the downward pressure on real estate is still great, and it needs wide currency support.

Japan’s untimely policy response is one of the reasons why it has been lost for 20 years.The Economic White Paper issued by the Planning Department of Japan in 1992 holds that "the economic slowdown that began at the end of 1990 was mainly due to the influence of preventive monetary tightening and self-adjustment in the process of maintaining economic balance"; It was not until 1993 that the Japanese government realized that this economic downturn was different from the previous economic recession cycle. Japan’s discount rate changed from tight to loose in July 1991 and began to cut interest rates. In September 1993, the discount rate fell to 1.75%, which was lower than the lowest interest rate before the bubble burst, but it did not stop the downward trend of the real estate cycle. However, Japan’s land policy, which was tightened in the early stage, was not abolished until 1998. However, at this time, the impact of the bursting of the asset bubble on the behavior of residents and enterprises has been difficult to easily reverse, and the Japanese economy has fallen into a lost twenty years.

Judging from the leverage ratio of residents,The leverage ratio of Chinese residents has been consolidating at around 62% since it reached a high point in 2020; From the experience of Japan, after the bursting of the Japanese real estate bubble in 1990, the leverage ratio of Japanese residents was consolidating for a period of time. In 1999, it started rapid deleveraging and bottomed out in 2007, with a deleveraging rate of 12.6pct.

Generally speaking, the downside risk of China’s real estate industry may not be over yet, and it still needs the support of a wide currency.

In the second quarter, the above three factors may have marginal changes, thus pushing down interest rates.(1) From the market expectation, the Federal Reserve may start to cut interest rates in June, and the domestic RRR cut space may be gradually opened. (2) At present, domestic real estate investment and sales are still in a deep adjustment range. In the first quarter, the financial strength was less than expected, the issuance of special bonds was slow, the growth rate of infrastructure may be restricted, and the weak economic fundamentals may need further care from the broad currency. (3) From a medium-and long-term perspective, in the process of resolving local debt risks, for the needs of steady growth and reducing the cost of bond swap, or the cooperation of the central bank with a wide currency, and the real estate cycle has not yet reached an equilibrium level, the wide currency is still needed for support. Under the combination of "wide currency+weak fundamentals", interest rates may usher in new catalysis.

Authors: changjiang securities Yu Bo, Song Xiaoxiao, Jiang Jiazhen.,Source:Yu Bo’s Macro NotesOriginal title: "What are the conditions for the next interest rate cut? 》

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Xiaoxian County, Anhui Province： The county party secretary ＂falls off the horse＂ and the government building of over 100 million yuan is unfinished.

On July 11th, 2014, in Xiaoxian County, Suzhou City, Anhui Province, the new building of the county government was vacant and abandoned. The Paper Yang Yi map

　　　　　　　　If nothing happens, the civil servants in Xiaoxian County, Anhui Province are now sitting in luxury office buildings in the new city. Who would have thought that the former county party secretary’s bribery "falling horse" not only put himself in prison, but also made the new government building that was about to be completed an unfinished building.

　　　　　　　　At the end of 2009, Xiaoxian county began to build a new administrative district on the north side of the county. In 2012, the main project of the new government office building group with an investment of over 100 million yuan and a construction area of over 70,000 square meters was basically completed. When all government agencies and units were about to settle in, the then county party secretary, Bao Baoliang, fell.

　　　　　　　　His downfall has touched the whole body: dozens of party and government cadres in Xiaoxian County have been implicated, and the project of the new government affairs district has been stranded so far, and no one dares to move in.

The "county building" that has been built.

　　　　　　　　Xiaoxian county is located in the northernmost part of Anhui province, at the junction of Jiangsu, Shandong, Henan and Anhui provinces, with an area of 1885.3 square kilometers and a population of 1.436 million. In 2013, the per capita net income of farmers was 8063 yuan.It is a national poverty-stricken county. By the end of 2010, the county government’s related debt was about 720 million yuan..

　　　　　　　　In April and July, 2014, The Paper (www.thepaper.cn) went to Xiaoxian for field interviews twice.

　　　　　　　　Located in the new administrative district in the northeast of the county, it is about 2 kilometers away from the county government. There is a quiet big construction site on the north side of Shunhe Road. There are 4 or 5 buildings on the east and west sides of the construction site respectively, and there is a magnificent building in the middle. And the middle area of these buildings is full of mounds and weeds.

　　　　　　　　The central building is gray, the main part has been completed, and the interior has not been renovated. The building is divided into five parts, and the main building in the middle has six floors. There is also an annex building in its northeast, southeast, southwest and northwest corners, each with five floors.

　　　　　　　　There is no project overview board near the construction site, but there is a project overview board of "Landscape and Road Project of Xiaoxian Government Square" in the building. The overview card shows that the project covers an area of 57,700 square meters, with a total investment of 22.9 million yuan. The commencement date is July 15, 2012, but the completion date is blank.

　　　　　　　　The Paper found that there was not a construction worker in the whole building, and there were no building materials in and around the building. In a room on the second floor, there lives a site caretaker, who has been guarding the square project in front of the door for two years. Every day when he arrives at dinner, he goes home for dinner, then comes back and sleeps in the building at night.

　　　　　　　　According to master Zhu Hailiang, who lives in Xiaozhuzhuang, south of the construction site, this building is a new office building of the county government, but it has not been settled yet because it is not allowed to move. "This building is called Anliang Building. It has been built for two years and has not been moved since." Zhu Hailiang said that he used to open a small shop on the construction site and cook for the workers.

　　　　　　　　According to public information, the full name of Anliang Building is "Anliang Yubei Building", which was built by Anliang Real Estate Co., Ltd. (hereinafter referred to as Anliang Real Estate) and started construction in the government affairs new district on November 22, 2009; The building has a total construction area of 23,966 square meters, which is divided into five parts: main building, 1# building, 2# building, 3# building and 4# building.

　　　　　　　　However, the staff of Anliang Real Estate Office said: Anliang Group does not have a building in northern Anhui, and everyone has not heard that Anliang Real Estate has a building in northern Anhui in Xiaoxian County. The insider said that the building is the office building of the county party Committee, the county government and the county people’s congress, and it has been in a state of suspension in the second half of 2012.

　　　　　　　　Why is the government building called "Anliang Wanbei Building"?

　　　　　　　　According to an article published on the website of Anliang Real Estate on December 23, 2009, the company has established a close strategic partnership with Xiaoxian government and has been engaged in the construction of Xiaoxian New Town. Not only Anliang Wanbei Building was built by it, but also the county experimental primary school and county people’s hospital were built by Anliang Group, and some roads in the new city were also invested by Anliang Group.

　　　　　　　　The leaders of some committees and bureaus in Xiaoxian once told China Sankei Shimbun that,The new government office building group was built by backdoor, and was built by Anliang Real Estate through land replacement.

The "eight overall situations" of the same shutdown

　　　　　　　　Zhu Hailiang pointed to the nine buildings on the south side and said that they are the "eight overall situations" of the county. Except for a white building that has just been completed, the rest of the buildings have been shut down for at least one year.

　　　　　　　　The Paper found that some main parts of these nine buildings have been completed, and some are red brick walls, which are wrapped by steel bars. Without exception, there are no workers in the construction, only a few masters who look after the construction site.

　　　　　　　　In a small board room on the construction site, Master Ding told The Paper that there are eight county-level administrative units, collectively referred to as the "eight overall situations"; In addition, there is another building which is an exhibition hall.

　　　　　　　　Master Ding said that he has been in charge of the construction site of the Industrial and Commercial Bureau for three years, and it has been half a year since he came. Since then, other buildings have started construction one after another. The latest building was the Judicial Bureau, which started construction in June 2013.

　　　　　　　　At present, these nine buildings have been shut down. "The building of the Industrial and Commercial Bureau built a wall in 2013, and it was not covered at all in 2014." Master Ding said that all the workers have left, even the contractor has left.

　　　　　　　　The plan next to the construction site shows that the location of the "Eight Overall Situations" is the "Central Square" project. The project has a total land area of 124,943 square meters and a building area of 14,476 square meters. There are 10 buildings in total, which are Agriculture Committee, Grain Bureau, Commerce Bureau, Water Conservancy Bureau, Price Bureau, Archives Bureau, Culture and Information Committee, Statistics Bureau, Health Bureau and Education Bureau, with a total building area of 47,818 square meters.

Talk about the new government building that turns pale with fear

On July 11, 2014, in Xiaoxian County, Suzhou City, Anhui Province, a man rode by the county government of Xiaoxian County. This is a building.Four-story old office building in the old city. 　The Paper Yang Yi map

　　　　　　　　Today, four teams, including Xiaoxian County Party Committee and County Government, all work in the four-story old office building in the old city. A pillar in the courtyard of the county party Committee says that the office building of the county party Committee was completed in 1994.

　 　 　 　 Not long ago, The Paper came to the Propaganda Department of Xiaoxian County Committee and offered an interview on the new government building. After reporting to the leaders, Wang Heng, director of the Foreign Publicity Office, said: "There is no government building. If there is, it has been terminated."

　　　　　　　　When The Paper asked questions again, Wang Heng said with a smile, "There is no such thing now. We are doing a good job here. It is very old and simple, which conforms to the central policy."

　　　　　　　　When the reporter suggested that the propaganda department should coordinate the interview with the development and reform commission, housing construction and other departments, he refused.

　　　　　　　　The Paper visited the Urban and Rural Planning Bureau, the National Development and Reform Commission and other departments. A staff member of the Planning Bureau said that the shutdown of the building in northern Anhui was due to the policies and regulations on the construction of national buildings, but they were not clear about the specific planning of the new government affairs district.

　　　　　　　　Ma Lin, deputy director of Xiaoxian County Development and Reform Commission, said that it was not clear that he had just taken charge of this work. He said that he could not provide relevant project approvals on the grounds that the staff familiar with the situation in the project department were on a business trip.

　　　　　　　　According to a staff member of Xiaoxian Project Department of Anliang Real Estate, Wanbei Building was built for the government, but the specific situation is not known.

　　　　　　　　The Paper looked up the public information and found that the new administrative center in Xiaoxian County (Wanbei Building) only had the bidding or bid-winning announcements for the main project, building construction supervision, interior and exterior decoration engineering and building ventilation engineering, but there was little public information for the "eight overall situations" projects such as the Agriculture Committee and the Water Conservancy Bureau.

　　　　　　　　It is doubtful whether these government buildings have been approved by the competent authorities. In addition, the specific cost of the project is not known to outsiders.Everyone interviewed by The Paper said that the cost of the new government buildings must exceed 100 million yuan, some said it was more than 100 million yuan, and some predicted it would exceed 200 million or 300 million yuan.

The new office building ran aground because of the fall of the county party secretary

On July 11, 2014, in Xiaoxian County, Suzhou City, Anhui Province, the abandoned new government office building was covered with weeds.　　

The Paper Yang Yi map

　　　　　　　　Since the government building with such a large area was built, why did it stop halfway?

　 　 　 　 Just when the The Paper reporter went to Xiaoxian for an interview in April this year, Yang Wenya, then director of the Foreign Affairs Office of the Propaganda Department of the County Party Committee, told The Paper that the old government building and the county party building in Xiaoxian had been in disrepair for a long time, and the government decided to build a new building; In May 2012, the main project of the new government building was completed, and it is expected to move into the office in July of that year.

　　　　　　　　Unexpectedly, in July 2012, the former county party secretary, Bao Baoliang, was removed from the positions of director of the Xiaoxian People’s Congress Standing Committee and secretary of the county party Committee for alleged corruption and bribery. At the beginning of December 2012, the CPC Anhui Provincial Commission for Discipline Inspection announced that Wu Baoliang, the former county party secretary of Xiaoxian County, Anhui Province, had been investigated and punished for serious violations of the law.

　　　　　　　　According to public reports, on February 24, 2014, Hefei Intermediate People’s Court found that Wu Baoliang accepted a total of RMB 18.692 million, US$ 42,000, a shopping card of RMB 64,000 and a watch worth RMB 35,000, and sentenced him to life imprisonment for accepting bribes, deprived him of political rights for life, and confiscated his personal property of RMB 600,000.

　　　　　　　　In June 2014, the Higher People’s Court of Anhui Province made a final judgment on the case of accepting bribes by Bao Baoliang, dismissed the appeal and upheld the first-instance judgment.

　　　　　　　　According to the China Youth Daily, the briber units listed in the indictment cover almost all townships and county-level organs in Xiaoxian County. Most of the bribers are unit leaders, such as the director of the Housing and Construction Bureau, the director of the county government office, the director of the county finance bureau, and the captain of the traffic police brigade of the county public security bureau. The amount they send is more than 200,000 yuan; Members of the four leading bodies in Xiaoxian County were also accused of rushing to send money to Wu Baoliang. Zhu Yishu, deputy director of Xiaoxian People’s Congress, Wang Anmin, vice chairman of Xiaoxian CPPCC, Chen Anyuan, chairman of Xiaoxian CPPCC, Cui Hongguang, executive deputy magistrate of Xiaoxian County, and others also appeared in the indictment. They each sent tens of thousands of yuan on the grounds that "in order to get along well with Wu Baoliang, they can get support at work".

　　　　　　　　A number of government workers in Xiaoxian said that when the old secretary fell, the new government building was only temporarily "shelved". Until July, 2013, after the document Notice of the General Office of the State Council on the Party and Government Organs Stopping Building New Buildings and Offices and Cleaning up Office Rooms (No.17 (2013) of the Central Office of the Communist Party of China) came down, Xiaoxian government even dared not move into the new building for office work, and until now the new building is still a clean room.

　　　　　　　　Regarding the "disposal" of government buildings in the future, Yang Wenya said that this situation has been reported to the superior unit and is currently waiting for the decision of the superior unit.

The synchronous technology of pushing and assembling shield machine was successfully tested in Shanghai

This is the "Jiyue" shield machine in the workshop of Shanghai Tunnel Machinery Manufacturing Branch (photo taken on April 13, drone photo).

The synchronous technology of shield tunneling and assembling independently developed by Shanghai Tunnel Engineering Co., Ltd. has been successfully tested recently, and the first push-and-assemble synchronous shield machine is about to go offline. In the process of tunnel construction, the shield machine using this technology will realize the parallel operation of tunneling and assembly, which will greatly improve the construction efficiency.

In the traditional shield machine construction, the construction process is generally advancing, stopping and assembling. Every time the shield machine goes forward, it needs to stop in situ, complete the assembly of a segment, and then continue the excavation. Tunnel excavation and segment assembly are carried out in series. The parallel operation of excavation and assembly can be realized by applying the push-and-push synchronization technology. Relevant simulation tests show that the push-and-push synchronization technology will greatly reduce the operation time of each ring segment of shield machine and improve the construction efficiency by 30% to 50%.

Xinhua News Agency reporter Fang Yushe

A worker uses a waist-hanging remote control to operate and test the push-and-pull synchronous assembly of the "Jiyue" shield machine (photo taken on April 13).

The synchronous technology of shield tunneling and assembling independently developed by Shanghai Tunnel Engineering Co., Ltd. has been successfully tested recently, and the first push-and-assemble synchronous shield machine is about to go offline. In the process of tunnel construction, the shield machine using this technology will realize the parallel operation of tunneling and assembly, which will greatly improve the construction efficiency.

In the traditional shield machine construction, the construction process is generally advancing, stopping and assembling. Every time the shield machine goes forward, it needs to stop in situ, complete the assembly of a segment, and then continue the excavation. Tunnel excavation and segment assembly are carried out in series. The parallel operation of excavation and assembly can be realized by applying the push-and-push synchronization technology. Relevant simulation tests show that the push-and-push synchronization technology will greatly reduce the operation time of each ring segment of shield machine and improve the construction efficiency by 30% to 50%.

Xinhua News Agency reporter Fang Yushe

This is the "Jiyue" shield machine in the workshop of Shanghai Tunnel Machinery Manufacturing Branch (photo taken on April 13th).

The synchronous technology of shield tunneling and assembling independently developed by Shanghai Tunnel Engineering Co., Ltd. has been successfully tested recently, and the first push-and-assemble synchronous shield machine is about to go offline. In the process of tunnel construction, the shield machine using this technology will realize the parallel operation of tunneling and assembly, which will greatly improve the construction efficiency.

In the traditional shield machine construction, the construction process is generally advancing, stopping and assembling. Every time the shield machine goes forward, it needs to stop in situ, complete the assembly of a segment, and then continue the excavation. Tunnel excavation and segment assembly are carried out in series. The parallel operation of excavation and assembly can be realized by applying the push-and-push synchronization technology. Relevant simulation tests show that the push-and-push synchronization technology will greatly reduce the operation time of each ring segment of shield machine and improve the construction efficiency by 30% to 50%.

Xinhua News Agency reporter Fang Yushe

This is the "Jiyue" shield machine in the workshop of Shanghai Tunnel Machinery Manufacturing Branch (photo taken on April 13th).

The synchronous technology of shield tunneling and assembling independently developed by Shanghai Tunnel Engineering Co., Ltd. has been successfully tested recently, and the first push-and-assemble synchronous shield machine is about to go offline. In the process of tunnel construction, the shield machine using this technology will realize the parallel operation of tunneling and assembly, which will greatly improve the construction efficiency.

In the traditional shield machine construction, the construction process is generally advancing, stopping and assembling. Every time the shield machine goes forward, it needs to stop in situ, complete the assembly of a segment, and then continue the excavation. Tunnel excavation and segment assembly are carried out in series. The parallel operation of excavation and assembly can be realized by applying the push-and-push synchronization technology. Relevant simulation tests show that the push-and-push synchronization technology will greatly reduce the operation time of each ring segment of shield machine and improve the construction efficiency by 30% to 50%.

Xinhua News Agency reporter Fang Yushe

Two workers were running and debugging the "Jiyue" shield machine in the workshop (photo taken on April 13).

The synchronous technology of shield tunneling and assembling independently developed by Shanghai Tunnel Engineering Co., Ltd. has been successfully tested recently, and the first push-and-assemble synchronous shield machine is about to go offline. In the process of tunnel construction, the shield machine using this technology will realize the parallel operation of tunneling and assembly, which will greatly improve the construction efficiency.

In the traditional shield machine construction, the construction process is generally advancing, stopping and assembling. Every time the shield machine goes forward, it needs to stop in situ, complete the assembly of a segment, and then continue the excavation. Tunnel excavation and segment assembly are carried out in series. The parallel operation of excavation and assembly can be realized by applying the push-and-push synchronization technology. Relevant simulation tests show that the push-and-push synchronization technology will greatly reduce the operation time of each ring segment of shield machine and improve the construction efficiency by 30% to 50%.

Xinhua News Agency reporter Fang Yushe

Workers observe the mechanical operation under the push-and-push synchronous assembly of the "Jiyue" shield machine (photo taken on April 13).

The synchronous technology of shield tunneling and assembling independently developed by Shanghai Tunnel Engineering Co., Ltd. has been successfully tested recently, and the first push-and-assemble synchronous shield machine is about to go offline. In the process of tunnel construction, the shield machine using this technology will realize the parallel operation of tunneling and assembly, which will greatly improve the construction efficiency.

In the traditional shield machine construction, the construction process is generally advancing, stopping and assembling. Every time the shield machine goes forward, it needs to stop in situ, complete the assembly of a segment, and then continue the excavation. Tunnel excavation and segment assembly are carried out in series. The parallel operation of excavation and assembly can be realized by applying the push-and-push synchronization technology. Relevant simulation tests show that the push-and-push synchronization technology will greatly reduce the operation time of each ring segment of shield machine and improve the construction efficiency by 30% to 50%.

Xinhua News Agency reporter Fang Yushe

This is the "Jiyue" shield machine in the workshop of Shanghai Tunnel Machinery Manufacturing Branch (photo taken on April 13th).

The synchronous technology of shield tunneling and assembling independently developed by Shanghai Tunnel Engineering Co., Ltd. has been successfully tested recently, and the first push-and-assemble synchronous shield machine is about to go offline. In the process of tunnel construction, the shield machine using this technology will realize the parallel operation of tunneling and assembly, which will greatly improve the construction efficiency.

In the traditional shield machine construction, the construction process is generally advancing, stopping and assembling. Every time the shield machine goes forward, it needs to stop in situ, complete the assembly of a segment, and then continue the excavation. Tunnel excavation and segment assembly are carried out in series. The parallel operation of excavation and assembly can be realized by applying the push-and-push synchronization technology. Relevant simulation tests show that the push-and-push synchronization technology will greatly reduce the operation time of each ring segment of shield machine and improve the construction efficiency by 30% to 50%.

Xinhua News Agency reporter Fang Yushe

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The truth behind those ＂super foods＂

　　"Drinking some enzymes every day can reduce weight and improve detoxification and intestinal flora."

　　"Drink more red wine. The resveratrol in it can prevent cardiovascular diseases and help you live longer."

　　"Eating bird’s nest can beautify, resist aging and supplement collagen."

　　"Recently, green juice is particularly popular and has become a health food in online celebrity. I heard that it can lose weight!"

　　"Just after giving birth to a child, my mother bought me Ejiao to replenish blood and iron and recuperate my body."

　　… …

　　Do these words sound familiar? Have you eaten all these foods that are said to have magical effects?

　　In recent years, "health care" has long been not only a standard for middle-aged and elderly people, but also people of all ages have their own understanding of health care. Young people are busy detoxification, beauty care and weight loss, while middle-aged and elderly people are busy chasing longevity, anti-oxidation and conditioning chronic diseases. For these "pursuits", everyone invariably locked their eyes on some "super foods" that were passed on by word of mouth or widely advertised. However, are these generally expensive "super foods" really so magical?

　　On November 28th, a series of activities of "Food Safety Popularization into the Community" co-sponsored by Beijing Youth Newspaper and chinese institute of food science and technology, and co-organized by Yantai Xinhe Enterprise Food Co., Ltd. and Beijing Youth Daily Reader Club entered the Zaoying Nanli Community of Maidian in Chaoyang District, Beijing.

　　In this issue, we specially invited Dr. Kai Zhong, a senior food safety science expert. In the lecture for more than an hour, Dr. Kai Zhong took stock of the most concerned "health-preserving" foods in recent years and re-interpreted the scientific common sense behind the foods from a scientific perspective.

　　ferment

　　Eating fruits and vegetables is more nutritious than drinking enzymes.

　　"Enzyme, simply speaking, is pickle water without salt." The sharp Dr. Kai Zhong tore the magic veil of enzyme in one sentence. After everyone’s laughter ended, Dr. Kai Zhong bluntly said: "Many people know that enzymes contain polyphenols and flavonoids, but they don’t know that they are not produced by fermentation, but are already in fruits and vegetables. Therefore, eating fruits and vegetables is more nutritious than drinking enzymes. "

　　In addition, the so-called digestive enzymes contained in enzymes are not special, but widespread, and the output of human intestinal flora is actually greater. At the same time, it is very unlikely that exogenous biological enzymes, such as enzymes, can play a role after entering the body. Dr. Kai Zhong explained: "These enzymes that we ingest from the outside world can participate in digestion and metabolism very little. Most of them are broken by gastric acid when they arrive in the stomach, and there is no way to participate in the later process."

　　Regarding the weight-reducing effect of enzymes, Kai Zhong pointed out that enzymes themselves have no nutrition. On the one hand, it is possible to add western medicine secretly, on the other hand, it is to create a sense of ritual by eating enzymes to guide people to eat less.

　　Anti-oxidation and anti-aging are also the widely circulated effects of enzymes, and Dr. Kai Zhong told everyone bluntly: "So far, no health care products can really effectively resist aging." Dr. Kai Zhong pointed out that in fact, many people did not really understand the concept of "oxidation". The human body can live by oxidation. Without oxidation reaction in the body, there is no way to turn the food it eats into energy. Excessive intake of antioxidants is not good for the body, but is against the metabolic function of the human body. More recent evidence shows that intake of antioxidants will increase all-cause mortality, that is, it will increase the possibility of causing various diseases.

　　red wine

　　The secret of the French’s health is actually the "Mediterranean diet" model.

　　"The influence of a certain food on your health is far less than that of your dietary structure." Dr. Kai Zhong repeatedly emphasized this concept in the lecture, and he immediately gave an example. "Many people have heard that resveratrol in wine has a healthy effect, but in fact, the impact of drinking wine on your health is far less than that of three meals a day. If you don’t eat well for three meals a day, it’s not reliable to just drink wine. To put it bluntly, it’s just a waste of money and a psychological comfort. "

　　In fact, there is no direct evidence to prove that resveratrol has a healthy effect, and the average resveratrol content in a bottle of red wine does not exceed 3 mg, so the so-called health effect is almost negligible. On the contrary, it should be noted that excessive intake of resveratrol will have side effects on the body. "Eating more than 2 grams a day may cause symptoms such as nausea and diarrhea."

　　Then why is the incidence of cardiovascular disease really low in the French, which loves to drink red wine? Kai Zhong explained: "the French’s health actually benefits from their diet structure, which is known to all ‘ Mediterranean diet ’ Mode. The intake of sugar is low, and there are more fruits and vegetables, aquatic products and dairy products. "

　　edible bird’s nests

　　Nutrition is not as good as milk and eggs.

　　Bird’s nest belongs to a traditional "health-preserving" food, but Dr. Kai Zhong told us that the nutritional components in bird’s nest are not as good as milk and eggs. For example, bird’s nest acid, a symbolic nutrient of bird’s nest, is also called sialic acid, and the price of pure products is about one tenth of that of bird’s nest. In fact, animal foods generally contain a small amount of sialic acid, which can be synthesized by the human body itself. The so-called efficacy evidence of sialic acid also comes from animal experiments, and the dose is far greater than the consumption of normal human beings.

　　The other two substances contained in bird’s nest, epidermal growth factor and colony stimulating factor, can also be synthesized by the human body itself, and have nothing to do with the so-called "blood-enriching" and "beauty-nourishing" effects. "Epidermal growth factor does not refer to the epidermis on our face, but refers to the cell membrane, which has nothing to do with our skin. Moreover, these two substances are destroyed once they are stewed. "

　　What about the blood swallow? The red color of blood swallows is actually because the stone wall where swallows nest contains iron. "Red is iron oxide, just like ‘ Rust ’ The same, but the iron absorbed by the human body should be bivalent iron, not the trivalent iron in the blood swallow, so the blood swallow can neither supplement iron nor replenish blood. "

　　spirulina

　　The "ideal food for the 21st century" is aimed at the poor people in Africa.

　　Spirulina is one of the health products mentioned more in recent years, and all kinds of spirulina health products are very popular. Dr. Kai Zhong recognized that spirulina really has the characteristics of high protein and low fat, and can be used as the raw material of ordinary food, but its other nutritional components are not surprising, and there is not much difference between spirulina and ordinary food. The reason why it was once rated as the most ideal food in the 21st century by FAO is actually mainly aimed at people in poor areas of Africa, because its own nutritional density is relatively high and its cost is relatively low, so it is very suitable for supplementary nutrition.

　　Then, is it true that spirulina is mentioned in the advertisement that it can improve 17 kinds of effects such as seasonal allergy, insulin resistance of AIDS patients, diabetes, high cholesterol, hypertension, long-term fatigue, menopause and obesity? Dr. Kai Zhong gave a definite answer — — All of them were denied by the FDA (Food and Drug Administration) after the experiment.

　　Dr Kai Zhong also mentioned the food safety of spirulina. In 2003, the China Center for Disease Control and Prevention tested the spirulina products on the market and found that the pollution of microcystins was very common. At that time, the conclusion was that even if you only eat 4 grams of spirulina every day, its health risks should not be ignored, and it may contain carcinogens.

　　E-gelatin

　　The effect of "nourishing" is reflected in the age of nutritional deficiency

　　It is clearly recorded in the Bielu of Famous Doctors compiled from the Three Kingdoms to the Southern and Northern Dynasties that Ejiao is made of boiled cowhide. "Qi Min Yao Shu" also records that buffalo hide, buffalo hide and pigskin are the best for cooking glue, followed by donkey, horse, camel and mule skin. It was not until the Five Dynasties to the Song Dynasty that the donkey skin was countered because of the "ban on cowhide".

　　As a traditional folk food that has lasted for thousands of years in China, we should be more careful about its efficacy. Dr. Kai Zhong said that there are many Chinese medical classics about Ejiao, but most of them "learn from each other". There are more than 5,000 papers on Ejiao, but most of them are Chinese journals. At present, the mechanism of Ejiao’s "efficacy" is not clear and the research results are inconsistent.

　　Secondly, the cooking of Ejiao does not have to be donkey skin. In fact, the ingredients made from animal skins such as pig skin and cowhide are similar. Therefore, it is impossible to explain the difference between donkey skin, pig skin and cowhide.

　　Then why does Ejiao become a nourishing prescription? According to Dr. Kai Zhong, at that time, it was because Chinese people were in the age of nutritional deficiency, and Ejiao itself provided a certain protein, and its ingredients, such as sesame, red dates, longan and walnuts, also provided a lot of sugar, which was a "big supplement" for people with low material living standards.

　　aloe

　　Most aloe vera is inedible.

　　When it comes to aloe, many people know something about the laxative effect of aloe capsules. However, Dr. Kai Zhong emphasized that aloe vera can relieve constipation because it contains emodin. Emodin can irritate the intestine, and it has potential carcinogenicity and hepatotoxicity, and may even lead to miscarriage of pregnant women, so it should be used with great caution.

　　Internal use is unreasonable, so will external use have an effect? Dr. Kai Zhong replied that there is actually insufficient evidence about the efficacy of aloe vera in "treating burns, trauma, sun protection and moisturizing". The efficacy of "anti-oxidation, anti-aging, treating ulcers, stimulating cell regeneration, repairing damaged skin, etc." is simply not established.

　　Dr. Kai Zhong did not forget to remind everyone that cases of aloe allergy are not uncommon, and in fact, most aloe vera is inedible. Therefore, it is suggested that everyone should not use aloe vera without authorization.

　　Barley green juice

　　Getting cellulose is not as good as eating fresh vegetables directly.

　　"Barley green juice is ‘ Raw food doctrine ’ The product of, it satisfies people ‘ Return to the original ’ Psychological demands ",referring to barley green juice which has been very popular in recent years, Dr. Kai Zhong said.

　　Through various nutritional studies, it is found that the nutrients in barley green juice are very common, such as cellulose that promotes defecation, and we can also get it by eating fresh vegetables. As for other functions of green juice, there is no reliable evidence.

　　Moreover, barley green juice was actually first used by Americans as animal feed. Later, some people marketed this dry powder made of wheat seedlings and malt into food for people. After many years, it spread to Japan and later to China. It is not what many people think, but the "secret recipe" of Japan.

　　Royal jelly and propolis

　　In fact, it is "the saliva of bees" and "the caulking agent of beehives"

　　What is royal jelly? Dr. Kai Zhong gave the clearest explanation: Royal jelly is the oral secretion of worker bees (infertile female bees), which is used to feed the larvae and queens of bees. It is also called "bee saliva" abroad.

　　Kai Zhong said that royal jelly may have hormone-like effects, so children should not eat it. In addition, it may cause allergies. "Royal jelly is not without nutritional value, but 12%-15% of protein, 10%-16% of sugar, 3%-7% of lipids, a small amount of amino acids, minerals, vitamins, phytosterols, choline, etc., and royal jelly acid are actually not much different from our ordinary food. In fact, the various health functions of royal jelly were not approved by the European Union when it was evaluated in 2011. American royal jelly has been repeatedly warned because of its efficacy propaganda. "

　　What is propolis? Kai Zhong used vivid words to describe it: "A kind of ‘ Building materials ’ , the jointing agent of the honeycomb. " He further explained that "the most important thing in propolis is inedible resin. Typical propolis contains about 55% resin, 30% beeswax, 10% volatile oil and 5% pollen. The propolis we eat is scraped off the putty and re-extracted with organic solvents, mainly flavonoids and polyphenols. "

　　So what about the nutritional components of flavonoids and polyphenols? "It’s better to eat fruits and vegetables," Kai Zhong said. Polyphenols come from plant secretions, so it’s easy to fake them. Moreover, propolis may only be effective in relieving some herpes symptoms and oral inflammation, but its effectiveness in treating burns, trauma, ulcers, improving immunity and anti-cancer can not be judged because of too few clinical data.

　　The Secret Behind, the "super food", Dr. Kai Zhong finally concluded that the three secrets of health are genes, self-discipline and law. Apart from everyone’s different genetic characteristics, what we can do is to maintain the self-discipline of living habits, conform to the laws of human body operation, and pay attention to balanced diet and nutrition. Instead of spending a lot of money and listening to unreliable advertisements, we should shift our attention to health care to our daily diet. In other words: "Eating well is more important than anything else!"

Selected local news ｜ Zhejiang realized community dynamics on the first day of this epidemic, and 14 cities in Shandong started online teaching in primary and secondary schools.

On March 21st, a press conference was held in Zhejiang Province. Sun Liming, deputy director of Zhejiang Health and Health Commission, introduced that on March 20th, all newly infected people in the province were detected at centralized isolation points, and it was found that the community was dynamically cleared on the first day in the province. As of March 20th, Covid-19 vaccine has been inoculated 170 million times in Zhejiang province, and 64.937 million people have completed the whole course of vaccination, and 35.664 million people over the age of 18 have completed the booster immunization.

According to The Paper, the recently released Statistical Bulletin of Chongqing’s National Economic and Social Development in 2021 shows that the total number of migrant workers in the city at the end of 2021 was 7.563 million, an increase of 2.7% over the previous year. Among them, 5.136 million migrant workers went out, down by 1.7%; There were 2.427 million local migrant workers, an increase of 13.4%. In recent years, the number of migrant workers in Chongqing has declined for three consecutive years. Migrant workers here refer to rural laborers who have worked outside the township where their household registration is located for six months or more, while local migrant workers refer to rural laborers who have worked within the township where their household registration is located for six months or more, that is, they are employed locally in the township. The interpretation of Chongqing Municipal Bureau of Statistics is that the effect of migrant workers returning home to start businesses is prominent.

according tocctv news clientsReported on March 21,The flight CZ6367 from Shenyang to Guangzhou took off smoothly, marking the resumption of normal operation of domestic passenger flights suspended due to epidemic prevention and control at Shenyang Taoxian International Airport. It is understood that,The airport has upgraded the level of epidemic prevention and control, and all flight support personnel will adopt a 7-day shift system and implement closed-loop management; Personnel entering the terminal building must present negative proof of nucleic acid test within 24 hours (paper version or electronic version is acceptable), check the big data travel code and Liaoshitong health code at the same time, and enter only after passing the temperature measurement. People who find abnormal body temperature or have a history of living in medium and high-risk areas shall be controlled on the spot.

According to the CCTV news client,Recently, the police in Longyan, Fujian Province cracked a case of illegally recruiting people to steal across the border, hiding behind it.beTelecommunication network fraudchain. A total of 85 suspects were arrested, 32 vehicles were seized and more than 600,000 cash was seized. A few days ago, the police in Longyan, Fujian received a report from the masses that their children had lost contact for nearly a month and might be tricked into sneaking out of the country by others. After careful investigation, the police found thatthis isA smuggling gang involving Fujian, Yunnan, Guizhou and Guangdong.shouldAfter the gang recruited people who were going to smuggle in Longyan, Fujian, they arranged for them to take a detour from Guizhou and Guangdong to Yunnan by car, and then they were taken to the border by the responders and smuggled abroad to engage in telecommunication network fraud.

The sanhe city Public Security Bureau of Hebei Province issued a notice on March 21, saying that,In order to eliminate the potential risk of the epidemic and restore the normal production and living order as soon as possible, sanhe city has arranged several rounds of full-time nucleic acid testing since March 13th. Most people can consciously fulfill their testing obligations and actively participate in the nucleic acid testing, but the public security organs still find that there are very few people who do not participate in the full-time nucleic acid testing for no reason, which brings health risks to the residents of the city. To this end, the public security organs have carried out a centralized inventory of all the staff’s nucleic acid testing since the early morning of March 21, 2022. By 8:30 a.m., 15 people with serious circumstances, such as Zhang Moumou, Li, Wang and Qiao, who had never participated in the nucleic acid testing for no reason, were investigated and dealt with by the public security organs.

Accord to that news of official website, the people’s government of Heyang county, Shaanxi province on March 21st,At 2: 32 a.m. on March 16th, a roof caving accident occurred in Lane 442 of mine yard of Heyang Qin Jin Mining Development Co., Ltd., and two people were buried by caving coal gangue at the scene. After the accident, relevant parties immediately launched an emergency plan to carry out rescue work. At 7: 40 am on the 16th, two trapped people were rescued and sent to the county hospital for rescue and reported to relevant departments. At 9: 25 and 30, two crushed people died after being rescued and were sent to the county funeral home at the first time. Up to now, the body of the deceased has been parked in the county funeral home. At present, the relevant departments of provinces, cities and counties have been fully involved, enterprises have been completely suspended for rectification, and accident investigation and rehabilitation work are underway.

According to the CCTV news client,Recently, the Fair Competition Committee of Hainan Free Trade Port took the lead in issuing the "Implementation Measures for Fair Competition Review System of Hainan Free Trade Port (Provisional)", which will be implemented on May 1 this year.. The "method》Point out,The people’s governments at or above the county level are required to establish a fair competition committee headed by the leaders in charge to coordinate, supervise and guide the fair competition review in the local area.;Strengthen the concept of fair competition. Before the policy-making organ makes a major decision involving the economic activities of market entities, its principal responsible person shall listen to the opinions of fair competition review.;Implement a unified review mechanism for specific institutions within the policy-making organs.;Establish and improve the working mechanism of spot check, joint review, evaluation and interview. Combined with the reality of Hainan, the fair competition review system is optimized from the aspects of organizational guarantee, mechanism construction and strengthening rigid constraints, so as to improve the standardization level of fair competition review and improve the fair competition system.

On the afternoon of March 21st, the Information Office of Shandong Provincial People’s Government held a press conference on epidemic prevention and control. At present, 14 cities in Shandong Province have started online teaching in primary and secondary schools in whole or in part. Zhong Hongbo, Governor of the Education Department of Shandong Province, introduced that Shandong Province has systematically deployed online teaching in primary and secondary schools. In the emergency start-up, when it was clear that there were local cases in the county, the school immediately suspended offline teaching activities and switched to online teaching. In terms of mode selection, live broadcast, recording and broadcasting, on-demand, TV video, audio and other ways are flexibly adopted in combination with reality, and places and schools with conditions are encouraged to adopt the form of "live broadcast+online Q&A". At the same time, the requirements for the duration of online teaching activities have been clarified, and the system of online lectures and patrols has been improved. It is forbidden to force students or parents to "punch in" online every day, upload learning videos, print and correct homework.

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＂Clean Government＂ teaser poster, Liu Qingyun and Zhang Jiahui stage seamless anti-corruption

1905 movie network news　"Big Tiger, it’s about to start silencing!" Directed by Mak Zhaohui, with Zhuang Wenqiang and Huang Bin as producers, and starring Liu Qingyun, Zhang Jiahui, Lin Jiaxin, Fang Zhongxin, and Yuan Yongyi, the Spring Festival anti-corruption film "Clean Government" was exposed today. The plot preview of the "Infinite Anti-Corruption" version – the whereabouts of tens of billions of US dollars in illegal assets are unknown, the murderous "big tiger" behind the scenes is exposed, and the anti-corruption fighters are caught in a life-and-death decision! The "Infinite Anti-Corruption" version of the poster, which was simultaneously exposed, exposed the "greed dilemma" faced by each character in the film to the audience through text, making people wonder, how will everyone break the situation?

　

Liu Qingyun "takes one more step" to find out the truth and leads the "big tiger" behind the scenes to kill　　

　

Directed by Mai Zhaohui and produced by Zhuang Wenqiang, such an "unparalleled" combination is expected to bring the audience a movie with an extraordinary plot. With the latest exposure of the "Infinite Anti-Corruption" version trailer, the tense and exciting drama emotions of "Clean Government" burst out. "It has involved tens of billions of dollars of money, and there must be a big group behind it." A line explains the "anti-corruption" case involved in this "Clean Government", with a huge amount of money and the suspicion of money and power transactions. Fang Zhongxin, who plays Liu Qingyun’s boss in the film, says "You have taken an extra step", which seems to be revealing to the audience that in order to investigate the truth, Liu Qingyun may have touched the bottom line of some interests this time. And Zhang Jiahui’s "Someone must die before things will end", and finally, the uncertain warning from whom "the big tiger is about to start silencing" pushed the tension of the whole movie to the peak, causing people to worry about Liu Qingyun’s safety. At the same time, they also began to speculate, what kind of truth is hidden in this shocking anti-corruption case?


Compared with the thrilling rhythm of the trailer, the poster of the "Infinite Anti-Corruption" version released simultaneously uses static text, making people feel the dilemma of each character in the film. Power, money, love, achievements, interests, principles, tasks, seven key words include the "human test" that the main creators will face in the film. The tit-for-tat "no body" seems to emphasize the abyss where everyone’s desires may fall, and it is more like a warning. "Greed" can easily lead people astray and cause irreparable tragedies.


It is reported that "The Anti-Corruption Situation" is the script that Mak Zhaohui has been preparing for more than ten years, and in order to be able to make a film that is closer to the truth of "anti-corruption", Mak Zhaohui still went to the Hong Kong Independent Commission Against Corruption to "drink coffee" before shooting. Therefore, Zhuang Wenqiang firmly believes that the "anti-corruption" told in "The Anti-Corruption Situation" is more "corrupt" than other similar themes.

　

Zhang Jiahui’s "learning" to launder money in "Clean Government" was called "troublesome" by director Mai Zhaohui

　

As a representative of Hong Kong movies, Mai Zhuang had worked with countless big-name actors, but Zhang Jiahui had never worked with him. In the Hong Kong film industry, Zhang Jiahui could be said to be notoriously serious about acting, and many directors who had worked with him called him a "troublesome actor".


Although I heard others say that Zhang Jiahui is very troublesome, the director Mak Zhaohui still firmly wants to cooperate with him. After the two met, Mak Zhaohui really realized that "Zhang Jiahui is really troublesome". Because after reading the script, Zhang Jiahui has many questions, "he keeps asking how this question is, but it can’t become what"? But it is good that his questions are all about this script, not some other troubles. In an interview, Mak Zhaohui admitted that he felt lucky to be able to cooperate with Zhang Jiahui this time: "This actor is very focused on his own work and spends a lot of time in his role, so after working with him, I feel that I will not be afraid to bother to come to him next time."


Zhang Jiahui, on the other hand, felt that he had gained a lot from filming "Clean Government". Because the most important thing in Maizhuang’s film is "authenticity", Zhang Jiahui, who plays an important witness in the film, has learned a lot of information, especially about "money laundering". Zhang Jiahui laughed: "In addition to getting paid for this drama, the most I learned is money laundering." When the audience walks into the theater, in addition to watching the anti-corruption drama, they can also learn more about the truth about what happened around them.


It is reported that the crime action blockbuster "Clean Government" is directed by Mak Zhaohui, with Zhuang Wenqiang and Huang Bin as producers. Liu Qingyun, Zhang Jiahui, Lin Jiaxin, Fang Zhongxin, Yuan Yongyi, Chen Jiale and Tang Yi co-star, and will be released on the first day of the new year. The movie has officially opened pre-sale recently. As of now, "Clean Government" ranks among the top four in the pre-sale list of new films during the Spring Festival.


[CCTV Quick Review] Promote the process of international cooperation in vaccines and build a community of human destiny.

　　On August 5th, the Supreme Leader of president delivered a written speech to the first meeting of the COVID-19 International Forum on Vaccine Cooperation. Chairman of the Supreme Leader emphasized that China has always adhered to the concept of human health community, provided vaccines to the world, especially to developing countries, and actively carried out cooperative production. We are willing to work with the international community to promote the process of international cooperation in vaccines and build a community of human destiny.

　　The speech by the Chairman of the Supreme Leader once again clarified China’s proposition of unity and cooperation and joint efforts to fight the epidemic, reiterated the firm stance of helping developing countries solve the vaccine dilemma, and announced specific actions to promote the fair access of vaccines around the world and bridge the "immune gap", which pointed out the direction for the world to overcome the epidemic as soon as possible and contributed to China’s strength.

　　In May this year, the Chairman of the Supreme Leader announced at the Global Health Summit five initiatives of China to support global solidarity against the epidemic, including the initiative to establish an international forum on vaccine cooperation in COVID-19. This initiative put forward by the Chairman of the Supreme Leader aims at the crux of the problem of fair and reasonable global vaccine distribution from the height of building a community of human destiny, and is committed to building a communication platform to enhance consensus, eliminate differences and solve the realistic problem of unbalanced vaccination. The initiative has received positive response from the international community. At its first meeting, the Forum reached a number of consensuses on improving vaccine production capacity in developing countries, exempting intellectual property rights, lifting export restrictions on vaccines and raw materials, and strengthening communication and coordination of vaccine regulatory policies, which is of great significance to promoting international cooperation against epidemic diseases and boosting confidence in multilateralism.

　　At present, the epidemic situation in many countries has rebounded, and the cumulative number of confirmed cases in COVID-19 has exceeded 200 million. Vaccination is a powerful means to prevent the spread of the virus. To overcome the epidemic, it is necessary to build a global immune barrier by increasing the vaccination rate around the world. However, due to their own economic strength, scientific and technological strength and comprehensive national strength, the vaccination rate in underdeveloped countries and regions is generally low. Among the countries where the proportion of the whole vaccination population exceeds 30%, European and American countries account for the majority. To change this unbalanced situation and make up the shortcomings of vaccination, we must rely on international cooperation.

　　The epidemic knows no borders, and in the face of common threats, no country can be immune to it, blame others, politicize the epidemic and stigmatize the virus, which will only further push human society to a dangerous situation. Governments, enterprises and international organizations should strengthen cooperation, abandon narrow "vaccine nationalism", provide inclusive financing support through export, donation and technology transfer, and take strong actions such as scientific and non-discriminatory principles when studying entry control measures to solve the problem of vaccine production capacity and distribution as a whole. Big countries in vaccine research, development and production should take responsibility and provide more vaccines to developing countries in urgent need.

　　The Chairman of the Supreme Leader has emphasized on many diplomatic occasions that China will regard vaccines as global public goods and make China contribution to the accessibility and affordability of vaccines in developing countries. In this written speech, the Chairman of the Supreme Leader announced new measures: throughout this year, China will strive to provide 2 billion doses of vaccine to the world; Decided to donate $100 million to the COVID-19 Vaccine Implementation Plan. Continue to make efforts to promote international cooperation on vaccines, and China has fulfilled its promise with practical actions.

　　If the world loves each other, it will be ruled, and if it is evil, it will be chaotic. Living in the same global village, human beings have become a community of destiny with you and me. Only by joining hands to overcome the difficulties, solidly promoting international cooperation in vaccines, and making vaccines benefit more people, can we win the victory of global epidemic prevention and control at an early date and jointly protect the healthy and bright future of mankind. Time waits for no one, only action. Let’s continue to work hard to build a community of human destiny with international cooperation in vaccines as the driving force!

During the investigation by the Development and Reform Commission of Heilongjiang Province, Lan Shaomin emphasized that empowerment and momentum should be the first to give full play to promote the re

　　The 23rd (Reporter Guo Minghua) On 23rd, Lan Shaomin, Chairman of the Heilongjiang Provincial Political Consultative Conference, went to the Provincial Development and Reform Commission to conduct research on the industrial revitalization. He stressed that it is necessary to speed up the construction of the "4567" modern industrial system in accordance with the important arrangements made by the thirteenth Party Congress of Heilongjiang Province, and promote the all-round revitalization of Longjiang.

　　Lan Shaomin first came to the Industrial Development Department to learn more about the bio-economic status, development goals, planning and related projects in the province. Subsequently, I checked the operation of the online approval and supervision platform for investment projects in Heilongjiang Province, asked about the approval procedures, actual efficiency and other issues, and communicated with the staff around the issues of "one-time notification", "approval without meeting" and the connection and integration between the platform and relevant departments. When investigating the digital service platform for dispatching and promoting key projects in Heilongjiang Province, we learned about the construction of key projects in the province, and made video connection with the site leaders of three projects.

　　After listening to the general work introduction and discussion, Lan Shaomin pointed out that it is very important to implement the spirit of the important instructions given by the Supreme Leader General Secretary to our province, implement the decision-making arrangements of the provincial party committee, and find new advantages and opportunities for development. It is necessary to study regional planning and strategy in depth, deeply integrate into the domestic big cycle, realize the domestic and international double cycle efficiently, and accelerate the construction of a new highland open to the north. It is necessary to speed up the creation of a new engine for economic development, and work hard and achieve results in the digital economy, the bio-economy and the ice and snow economy, and the creative design industry. It is necessary to speed up the cultivation of large enterprises with international competitiveness and leading enterprises with industrial chain control, influence and motivation; Accelerate the pace of two-way opening to the outside world, and make overall plans for industrial upgrading and breakthroughs in projects undertaken by industries from two aspects of time and space; Accelerate the streamlining of key industries, give full play to the efforts of the whole province to form the policy advantages, industrial ecology and supporting environment for the development of key industries, form the core competitiveness of attracting investment, and unswervingly fight hard to improve the way, adjust the structure, expand the total volume and increase efficiency. It is necessary to adhere to customer demand and user orientation, continuously improve the level of business environment construction, further create a strong atmosphere of pro-business and valuing business, promote the formation of a broad consensus of "seizing opportunities to win over Shanhaiguan and make great investments in Heilongjiang", and create favorable conditions for revitalization and development.

　　Zhang Yazhong, Vice Chairman and Secretary General of Heilongjiang CPPCC and Director of the Provincial Development and Reform Commission, participated in the survey.

Administrative detention of driving without a license, drunk driving 25 people again! Hepu traffic police have achieved remarkable results in carrying out traffic order rectification actions for motor

In order to prevent and reduce road traffic accidents in the jurisdiction, recently, the Traffic Management Brigade of Hepu County Public Security Bureau joined forces with township governments, police stations in the jurisdiction, transportation and other departments to carry out traffic order rectification actions for motorcycles and electric bicycles, focusing on investigating and dealing with traffic violations such as drunk driving, license-related, overload and overcrowding, fake license plates, failure to wear safety helmets, and overdue annual inspection. At the same time, it implemented "zero tolerance" for illegal personnel in driving without a license, investigated and detained them together, and driving without a license. Since October 20th, the Traffic Management Brigade has investigated and dealt with a total of 1,438 traffic violations on the spot, including 34 cases without a license and 2 cases of drunk driving. A total of 25 people were administratively detained, including 4 cases of drunk driving again and 21 cases of driving without a license, effectively eliminating road safety hazards and creating a good road traffic environment.

Exposure of traffic violations

What are the penalties for "second drunk driving"?

According to Article 91 of the Road Traffic Safety Law, anyone who drives a motor vehicle after drinking alcohol shall be temporarily detained for six months and fined more than 2,000 yuan in 1000 yuan.Those who are punished for driving a motor vehicle after drinking and driving a motor vehicle after drinking again shall be detained for not more than 10 days, fined not less than 2,000 yuan in 1000 yuan, and their motor vehicle driving licenses shall be revoked.

01

At 0 o’clock on October 19, 2022, the police of the traffic control brigade were on duty at the intersection of Dongjiaochang Road and Yan ‘an Road in Lianzhou Town, Hepu County. Zeng’s moped driving Gui EE89** was stopped on the spot by the traffic police on duty. After testing it with an alcohol tester, its breath alcohol content was45mg/100mlIt belongs to driving a motor vehicle after drinking. After investigation, it was found that Zeng was punished for driving a motor vehicle after drinking alcohol in April 2021.Driving a motor vehicle after drinking again. In the end, the police on duty will punish the driver for driving a motor vehicle for drinking again.Administrative detention for five days, fine of 1000 yuan, and revocation of motor vehicle driving license.Administrative punishment.

02

At 20: 57 on September 15, 2022, the police of the Traffic Management Brigade was on duty at 200m from Shangyang to Shagang Road in Xingdaohu Town, Hepu County. Yang was stopped by the traffic police on duty while driving Gui E856** motorcycle. After being tested by an alcohol tester, his breath alcohol content was20mg/100mlIt belongs to driving a motor vehicle after drinking. On the same day, after system inquiry, Yang was punished for driving a motor vehicle after drinking alcohol on December 10, 2019. He was punished for driving a motor vehicle after drinking alcohol. This time,Driving a motor vehicle after drinking again. In the end, the police on duty will punish the driver for driving a motor vehicle for drinking again.Administrative detention for five days, fine of 1000 yuan, and revocation of motor vehicle driving license.Administrative punishment.

Being able to drive does not mean being qualified to drive! !

"driving without a license" personnel either did not obtain a driver’s license, or revoked their driver’s license after being punished for traffic violations. These people drive on the road, subjectively lack respect for traffic safety laws and regulations, ignore traffic safety, and there are many traffic safety hazards, which can easily lead to traffic accidents.

According to Article 19 of the Road Traffic Safety Law: "To drive a motor vehicle, a motor vehicle driver’s license shall be obtained according to law." The traffic administrative department of the public security organ will, in accordance with Article 99 of the Road Traffic Safety Law,A fine of not less than 2,000 yuan in 200 yuan may be imposed, and a detention of not more than 15 days may be imposed.. At the same time, according to Article 99 of the Road Traffic Safety Law,If a motor vehicle is driven by a person who has not obtained a motor vehicle driver’s license or whose motor vehicle driver’s license has been revoked or temporarily detained, the traffic administrative department of the public security organ shall impose a fine of more than 2,000 yuan on 200 yuan and may concurrently revoke the motor vehicle driver’s license.

03

At 8: 50 on October 21st, 2022, Ning Mou (male, 22 years old, from Taiping Town, ling shan) drove Gui E208** moped to 240km+200m of S207 Provincial Road in Changle Town, Hepu County, and implemented it.Driving a motorcycle without a motor vehicle driver’s licenseThe illegal act was seized by the police on the spot. After being summoned for questioning, Ning confessed to the illegal behavior of his motor vehicle in driving without a license. On October 21, the traffic control brigade made it according to law.Administrative detention for five days and a fine of 300 yuan.Administrative punishment.

04

At 10: 49 on October 20, 2022, Zhongmou drove the Gui E270** ordinary two-wheeled motorcycle to the intersection of Jiefang Road and Dinghai North Road in Hepu County, and implemented it.Driving a motorcycle without a motor vehicle driver’s licenseThe illegal act was seized by the police on the spot. After being summoned for questioning, Zhong confessed to the illegal behavior of his motor vehicle in driving without a license. On October 20, the traffic control brigade made it according to law.Administrative detention for five days and a fine of 300 yuan.Administrative punishment.

Source: Traffic Management Brigade of Hepu County Public Security Bureau

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