分类归档 anmo

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China’s e-commerce is developing rapidly and permeates all fields of social life.

  CCTV News:At 14: 00 on December 28th, the 2nd China E-commerce Lecturer Competition (2017) was held in Beijing Kunlun Hotel, co-sponsored by China International E-commerce Center of the Ministry of Commerce, China Association for Continuing Engineering Education, E-commerce Teaching Steering Committee of Colleges and Universities of the Ministry of Education and National Foreign Trade Vocational Education Teaching Steering Committee of the Ministry of Education.

  In recent years, China’s e-commerce has developed rapidly, and has widely penetrated into all fields of social life, becoming an important way to promote economic transformation and upgrading, promote social and economic development, and promote mass entrepreneurship and innovation. However, at present, the contradiction between supply and demand of e-commerce talents is prominent, which has become the main bottleneck restricting the development of e-commerce in China.

  The key to developing e-commerce is talents, and the key to cultivating talents is teachers. According to the State Council’s Guiding Opinions on Actively Promoting "internet plus Action" and the State Council’s Opinions on Vigorously Developing E-commerce and Accelerating the Cultivation of New Economic Motives, the Outline of the National Medium-and Long-Term Talent Development Plan (2010-2020), the Ministry of Commerce’s Guiding Opinions on Accelerating the Training of E-commerce Talents and the Thirteenth Five-Year Development Plan of E-commerce, In order to find and cultivate e-commerce lecturer talents, improve the overall level of national e-commerce training, build an influential e-commerce training service system and promote the development of local e-commerce, China International E-commerce Center of the Ministry of Commerce, in conjunction with local governments, cooperative institutions and authoritative media, successfully held the first China E-commerce Lecturer Competition in 2016, and continued to launch the second China E-commerce Lecturer Competition "Zhongrong Cross-Hong Kong Cup" in 2017, which is open to universities, vocational colleges, industry organizations and the whole country.

  This China E-commerce Lecturer Competition is conducted in six stages: player registration, primary selection, training, preliminary competition, semi-final competition and final competition. The contest is divided into East China, South China, Northeast China, Northwest China and Southwest China. East China is located in Suzhou, Jiangsu Province, South China is located in Jieyang, Guangdong Province, Northeast China is located in Shenyang, Liaoning Province, Northwest China is located in Yinchuan, Ningxia Hui Autonomous Region, and Southwest China is located in Kunming, Yunnan Province. This contest has received strong support from the Department of Commerce of Ningxia Hui Autonomous Region, Guangdong Province, Liaoning Province, Yunnan Province and Suzhou Industrial Park Management Committee. The contest was launched in October, and nearly 700 contestants signed up for the competition. After fierce competition in the preliminary round of the division and the national semi-final, the top 10 contestants successfully advanced to the national finals. After three rounds of competition, including "self-selected proposition", "prescribed proposition" and "ultimate PK", the top 10 players finally decided on the national championship of the second China E-commerce Lecturer Competition.

  Yao Guanghai, secretary of the Party Committee of China International Electronic Commerce Center, pointed out that the success of this competition will surely arouse the attention of all sectors of society on the construction of e-commerce talent training system, and further promote the healthy and rapid development of e-commerce nationwide.

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Anyang, Henan Province: From September 7 to 9, some areas carried out full-time nucleic acid, and residents implemented home management in principle.

  CCTV News:"Anyang Rong Media WeChat WeChat official account News, Anyang COVID-19 Epidemic Prevention and Control Headquarters Office issued a notice. According to the current epidemic situation, in order to actively screen risks, prevent the spread of the epidemic, and effectively protect the health and life safety of the broad masses of people, the COVID-19 Epidemic Prevention and Control Headquarters decided to carry out regional full-scale nucleic acid testing in the urban area and tangyin county, Anyang County from September 7 to September 9, 2022. The relevant matters are hereby notified as follows:

  1. Scope of control and detection: Wenfeng District, Beiguan District, Yindu District, Long ‘an District, Anyang County and tangyin county.

  Two, the city’s residents in accordance with the requirements of "inspection", complete 1 round of regional nucleic acid testing every day. Please pay close attention to the time of nucleic acid testing notified by the jurisdiction, participate in nucleic acid testing in an orderly manner in different periods and do personal protection, and return to your residence immediately after testing. Personnel in high-risk areas, home isolation and home health monitoring shall be subject to relevant prevention and control regulations.

  Three, since 16: 00 on September 7th, all residents at home in principle, non residents of the community (village) shall not enter in principle. In rural areas, the entry and exit of personnel are strictly controlled, and outsiders must report. There is no clustering or gathering in the community. Residents who go out for medical treatment and have other special needs may, with the consent of the community (village) where they live, "point-to-point" access to the community (village). Citizens (volunteers) who undertake epidemic prevention tasks, urban basic operation guarantee, medical security tasks and epidemic prevention tasks in the city can enter and leave the community (village) with the certificate issued by the unit (community, village) or work permit +24-hour negative proof of nucleic acid detection. The rest of the staff are all at home. Citizens who do not have to leave the country unless they have special needs can leave the country only with negative nucleic acid test certificate and community (village) certificate within 24 hours, and only after passing the inspection at the epidemic prevention checkpoint.

  4. Since 16: 00 on September 7, public service enterprises such as water, electricity, fuel, gas, communications, sanitation, grain, oil, meat and vegetables supply that guarantee citizens’ lives and the basic operation of the city have arranged necessary personnel to guarantee public services; Industrial enterprises undertaking important production tasks implement closed-loop management; Life supermarkets (including farmers’ markets), medical institutions, pharmacies, express delivery, take-out and catering enterprises (only express take-out service is provided for restaurant meals) and railway operators that guarantee the basic needs of citizens can operate normally, while other entertainment and leisure places and "Nine Small Stores" are closed.

  5. Suspension of public transport such as bus, taxi and passenger transport. Logistics transport vehicles such as industrial chain and supply chain, which come from low-risk areas, can directly reach their destinations through epidemic prevention bayonet with negative nucleic acid detection certificate within 48 hours; From the middle and high risk area, with the negative proof of nucleic acid test within 48 hours, people do not get off the bus and leave the window, "point-to-point" to the destination, and quickly leave Anyang jurisdiction after unloading without contact.

  Six, the district (county) Party committees and governments, townships (towns, streets) and communities (villages) to establish a special team, timely service to protect the needs of the public, especially to do a good job of caring for special groups such as elderly people living alone, disabled people, pregnant women and so on.

  This notice will be implemented from 16: 00 on September 7, 2022, tentatively for 3 days, and will be dynamically adjusted according to the progress of the epidemic and the needs of prevention and control.

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A swimming competition was held in a once polluted river in Shanghai, and officials from the Environmental Protection Bureau also took part.

On the afternoon of July 30th, an environmental protection riverside swimming competition was held in Chuansha Town, Pudong New Area, Shanghai, and more than 110 Shanghai residents competed to get into the water.

Through the application of the "zero discharge system for all-water reuse", the river channel that originally discharged domestic sewage from the factory has become a clear water river bank, which not only realizes zero discharge to the municipal sewage pipe network, but also allows the public to relive the childhood fun of swimming in the river.

On the afternoon of July 30th, an environmental protection riverside swimming competition was held in Chuansha Town, Pudong New Area, Shanghai. More than 110 Shanghai residents rushed into the water, and even two officials of the Pudong New Area Environmental Protection Bureau "couldn’t resist the temptation" and jumped into the river to complete the 80-meter race. Yao Haiyang, a 26-year-old boy who climbed ashore from the end of the river, said several "unexpected" words to The Paper (www.thepaper.cn). He said that he didn’t expect to swim in the river in Shanghai, and he didn’t expect his childhood memories of playing with water to be relived in Shanghai.

Riverbanks that discharge domestic sewage become clear water swimming lanes.

The natural river course for this swimming competition is 100 meters long, 8-10 meters wide and 2.2 meters deep. At one end of the river course is the starting platform covered with red carpet, and 80 meters away is the finish line made of red and white buoys.

At the competition site, a sign of "River Water Quality Test Conclusion" just issued by the environmental protection department on July 30th this year was hung in front of the departure platform: CMA authorities certified by the state sampled and tested the water quality and hygiene indicators of the river water, such as chromaticity, turbidity, pH value and total coliform. The test results showed that the measured water quality indicators met the Class I standard of surface water in the National Environmental Quality Standard for Surface Water GB3838-2002, and reached the national standard at the same time.

"Many people are asking me how you came up with the idea of hosting the Riverside Swimming Competition and how you achieved this goal. In fact, it originated from the dream of a 6-year-old boy ten years ago." Qu jianguo, chairman of Shanghai Kaineng Environmental Protection Equipment Co., Ltd., told The Paper a short story.

Ten years ago, a German customer and his son came to visit Kaineng Environmental Protection Park the day before returning home. qu jianguo showed them around the factory in the park and asked his six-year-old son, who was accompanying him, what he wanted in China? The child pointed to a river bank more than 100 meters long in the factory and blurted out, "I hope I can swim in this river bank." At that time, everyone was speechless. Looking at the disappointment of the German boy, qu jianguo promised: "When you come to China again in a few years, my uncle will definitely let you swim in this river."

Qu jianguo told The Paper that although he lost contact with this German friend later, this promise has been buried in his heart. After years of management and efforts, the natural river in this factory finally reached the surface water environmental protection standard for swimming in the river. The first Kaineng Environmental Protection River Swimming Competition came into being in the summer of 2013, and it lasted for four years.

How to achieve it technically?

A wish is a wish, but how can an ordinary natural river originating from Pudong New Area be transformed into a "clear river bank" with crystal clear water quality reaching the municipal first-class water?

"Thirty years ago, I caught up with the era of swimming in Qingshui River, but I never saw it again." Qu jianguo told The Paper that in 2012, they took the lead in launching the application of "Zero Discharge System for Water Reuse" in the environmental protection park in Chuansha. Simply put, it is to establish two sewage treatment stations in the east and north of the environmental protection park to realize full automatic control. The sewage from each unit in the park flows into the sewage treatment station through the sewage collection pipe network, and then undergoes anaerobic and aerobic degradation by microorganisms, so that the sewage reaches the treatment and discharge standards and enters the next constructed wetland ecosystem.

In the Kaineng Environmental Protection Park in Chuansha, large and small constructed wetlands and emergent plants form a unique green landscape, and there are many small sewage treatment systems hidden in the park. The water in the river swimming track is obtained from the recycling treatment of sewage, all of which is the ecological reuse of wastewater, and the environmental protection park has realized zero discharge to the municipal sewage pipe network.

The treatment capacity of this zero-emission system can reach 100 tons/day, which is equivalent to the treatment capacity of 100 household water purification equipment. As far as technology is concerned, the system can be applied in southern China, and the difficulty of popularization mainly depends on the degree of government support and the source of funds."qu jianguo said.

Despite this, it is still not easy for the public to regain confidence in the river. Qu jianguo admitted that in 2013, when the swimming competition was held in the riverside of the factory for the first time, he took his 6-year-old grandson to jump into the river first to dispel people’s concerns about the safety and health of the river. In the first competition, only more than 30 swimmers participated in the end. With the improvement of everyone’s confidence, there are more than 100 swimmers participating in this year. "Many parents take the initiative to bring their children who are practicing swimming, let them play in the river lane and feel the joy of their parents when they were young."

Two deputy directors of Pudong New Area Environmental Protection Bureau (first from left and third from left) personally entered the river to participate in the competition.

Environmental protection officials also went into the river.

On the 30th, many people at the scene said that another signal that reassured them about the water quality was that two officials from the Environmental Protection Bureau of Pudong New Area also entered the river.

Liang Ming, the 57-year-old deputy director of the Environmental Protection Department of the Environmental Protection Bureau of Pudong New Area, signed up for the Youth Group, and won the third place in the group. He admitted to The Paper that it was "not easy" to have such a clean river bank in Pudong New Area. After all, most of the natural rivers in Shanghai still belong to Grade 5 water quality. From this perspective, the task of river bank regulation is "a long way to go".

Han Haibin, deputy director of Shanghai Pudong New Area Environmental Protection and City Appearance Sanitation Administration, revealed in an interview that, on the whole, the surface water quality of Pudong New Area ranks second in the whole city, and Chuanyang River, Zhangjiabang River and heqing town River, which have been vigorously regulated, have begun to reach Class III water quality. The natural rivers in Pudong New Area have reversed from 60% of the original water quality failing to meet the standard to 71.8% of the rivers meeting the requirements of surface water functional zoning in June this year. "After the renovation of Zhangjiabang, the water quality has been greatly improved, showing the great changes of smelly water bang, Qingshui River and landscape river, and it has become the first ecological landscape river in Shanghai. It is estimated that by 2020, there will be more and more rivers like Zhangjiabang and Kaineng Park. "

However, there is still an essential difference between river regulation and swimming in the river. Qu jianguo said, for example, the water quality of Suzhou River has bid farewell to the black smell and reappeared the clean water after vigorous rectification, but the dragon boat race is ok, and swimming in the river is still not up to the requirements. "In addition to the complexity of the river water body and potential safety hazards, whether the water quality of the river source can meet the national drinking water standard is also one of the decisive factors. Only when the water quality in the river reaches the level where rice can be washed and vegetables washed directly as in the past, swimming in the river can be called safe for human health."

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The courier has arrived! Thank you, the most familiar stranger express brother.

1905 movie network news In this special period, we saw many heroes who fought in the front line, but we often ignored the "unknown heroes" around us who have been providing assistance to us in the rear.

 

In this group of "unsung heroes", we have to mention the courier who is closely related to everyone. They have been escorting our lives, rain or shine, whether during our stay at home or at present when we have gradually resumed work.

 

On March 9th, Li Jie, a courier, attended the the State Council conference and said that the biggest difficulty now is that some communities are not allowed to enter, resulting in too little express delivery. He called for allowing couriers to enter the community on the premise of ensuring the health of couriers, so as to improve work efficiency.


Not to mention the "double 11" every year, they have to face all kinds of "explosive positions", and even the film industry can’t do without their "fastest support".


Everyone remembers the "sudden release" event in Better Days, but many people ignore that it is also because of the strength of this group of people that we can see the film smoothly on the day of the release.

 


The figure of courier brother can not only be seen everywhere in our lives, but also the art comes from life. Last year’s hit tribute drama "In the Distance" is an urban entrepreneurial drama that rarely focuses on the domestic courier industry. It allows us to see the development process of private express delivery enterprises, and they have all achieved today’s achievements through hard work.

 

In addition to this drama focusing on private express delivery in China, they are also the most indispensable roles in many movies.

 

Sorry, we missed you


In European and American countries, whenever a courier cannot reach the recipient, the courier will leave a note — — "sorry,we missed you" (sorry, we missed you).


Therefore, the famous British director ken loach made a film "Sorry, we missed you" with this sentence.

 

In this film, this sentence is not only a sincere apology at work, but also an apology for the children as a father in this family of the film.

 

In the film, my father is a courier. Every day, due to overwork, he can’t take care of the big and small things at home. He shoulders the burden of family economy and is bent on providing a stable life for his family, no longer looking at the landlord’s face and owning a house of his own. We can see that the courier is a profession he lives, and his real identity is the head of the family, the husband of his wife, and the father of his children.

 

At the end of the movie, although the hero lost his job, he didn’t play with his children as in the past, but still went out to work for a living. But this time, he said "sorry" to his family.

 

The rest of my life on a desert island


The film starring Tom Hanks is naturally a film that everyone is familiar with.

 

Chuck, the hero, works for FedEx, and he is as precious as gold on weekdays. A plane crash left him stranded on a desert island, far away from the hustle and bustle of the city, and opened up a new lifestyle. His belief in survival was supported only by the pocket watch and a courier package given to him by his fiancee.

 

Over the past four years, needless to say, his hardships and sufferings have turned into failures many times. When his will gradually collapsed, he was unexpectedly saved.


But when he returned to the real civilized world, he became nothing, and unlike fairy tales, his fiancee would wait for him all the time. Strong Chuck chose the blessing and stuck to his duty as an employee of the courier company, delivering the last package before the crash.

 

What exactly is this unopened express parcel? This is the curiosity that the audience outside the film are concerned about. But whatever it is, for him, it is a hope on a desert island and a sense of professional mission.

 

Two seconds


Courier is a race against time.

 

In the movie Two Seconds, the heroine Laurie is the kind of person who focuses on a simple and happy life. As a cyclist, she has no utilitarian heart, just reveling in this sport, enjoying the speed of chasing and eager to freeze the time. After retiring, she still chose the job of bicycle courier. To this end, she even devoted herself to her only racing car.


The life of a courier will not always be as fresh as it was at the beginning and only enjoy riding a bike. Riding a bike is not difficult for Laurie. She is handy, but she has to bear many unexpected difficulties and injuries at work.

 

Just like every courier, they all love their jobs, but they still encounter some unpleasant things when they rush about in crowded cities every day, either coldly or misunderstood, but because of this love, they all live hard and actively.

 

Of course, when we talk about choosing movies in the express delivery industry because we love bicycles, we have to recommend them again.


The hero turned to be a courier because he failed in stock trading, which led to bankruptcy. Compared with the drama of "Two Seconds", this film pays more attention to realism, which is the kind of freedom for couriers to shuttle through big cities and see the good scenery of a city.

 

Premium rush.


The same bicycle courier is even more thrilling.


The hero met a tricky thing, and was entrusted to send an unknown letter. Unexpectedly, it attracted the eyes of a policeman in new york, which led to a series of chasing stories.

 

This film gives an account of the life of express mail, and adds persistence to their fun of riding a bicycle. Express delivery people are happy, persistent, love their work and enjoy the exciting life face to face with time. They are flesh and blood, love and hate, not all of them are poor at the bottom, but some of them come from university campuses, such as the protagonist and his girlfriend.


Probably like the couriers in our life, although they are service industries, they have the responsibility of being full of goods, and they can enjoy their own philosophy of life only by making a phone call to get them to the consignee faster and better.

 

Life express


The movie "Hard Courier" is also a story about the courier being passively involved in a gang plot.

 

Jason Statham plays a retired special soldier, and now he is engaged in driving a BMW to transport goods. Unexpectedly, in a mission, he accidentally found that the goods he was transporting turned out to be a person. He started a magical adventure in line with the "three rules" in the industry.

 

For couriers in life, the "three rules" mentioned in the film are also the professional rules they pay attention to every day: 1. Never change the agreement; 2. Don’t mention your name; 3. Never open the package.


Because of this spirit of contract, on weekdays, the courier and we have more trust and tacit understanding with each other.

 

Super express


In the movie, when the courier played by Michael Chen met his future mother-in-law, he expressed that he would become "the best courier in China" in the future, and he also published a long declaration:

 

"The most important concept of China’s economy in the Internet age is O2O! What is the most important part of O2O? It is logistics! What is the main component of logistics? It’s us couriers! Without couriers, there will be no cheap and good goods; Without commodities, there is no consumption power; Without consumption power, there will be no future of the real economy. Therefore, it is our ordinary couriers who have set up a day in China’s economy! "

 

This slogan may be the voice of the staff in the express delivery industry.

 

In addition to these films, couriers, as the "most familiar strangers" in our lives, often appear in different films and become the strongest supporting actors.


Perhaps the appearance of these walk-ons is only for better advertising, but we may expect that in the future movie market, there will be works belonging to this group of people, and we can also use movies to tell them, "Thank you, courier brother."


通过admin

The Bright Future of "Internet Affairs" —— A Summary of China’s Internet Development in the 40 Years of Reform and Opening-up

  "In 1997, I used my company’s’ cat’ to dial up the Internet for the first time." "In 2005, I bought a scarf for the first time online." "In 2013, all my families were replaced by smart phones, and a WeChat group was established." "In 2017, I taught my dad to scan the code to pay for food … Talking about the changes in people’s lifestyles since the reform and opening up 40 years ago. Information acquisition, online shopping, code scanning payment, mobile phone socialization … People’s life scenes have been marked with the Internet.

  The rapid growth of Internet industry in China is the product of reform and opening up. Ma Huateng, chairman of Tencent’s board of directors, once said: "Tencent’s success has many factors, but the historical opportunity of reform and opening up is our greatest asset." Ma Yun, Chairman of the Board of Directors of Alibaba Group, also said: "In the past 40 years, China has opened its market, both internationally and domestically. Without the reform and opening up policy, there would be no us today. "

  From the mouse to the touch screen, this is a great change at the fingertips. From the perspective of overall industrial development, China has been ranked first in the world for 10 years in terms of the number of netizens, broadband netizens and the number of national top-level domain name registrations. Online shopping, smartphone shipments and the number of mobile payments, these new world firsts outline that the Internet is becoming a new engine for China’s economic transformation and upgrading.

  Network infrastructure provides support.

  Cao Fangzhou, a Beijing white-collar worker who moved into his new home this year, made a "bold" decision: not to install cable TV. "There are two’ boxes’ at home. It is enough to watch dramas and variety shows. You can watch them on news phones, as well as live webcasts. It is enough to have a network." Like Cao Fangzhou, many users have migrated their spare time of watching video content from TV to the Internet. The data shows that as of June this year, the number of online video users in China is 609 million, the number of short video application users has reached 594 million, and the number of live webcast users has reached 344 million. The market size of the entire video content industry is expected to reach 201.68 billion yuan in 2018, a year-on-year increase of 39.1%.

  As a heavy traffic application, online video industry needs bandwidth and traffic support. "By the end of September this year, the proportion of national fiber-optic broadband users reached 88%. At the end of 2014, only 10% of users in China used broadband of more than 20M; By September this year, more than 60% of users in China have used broadband over 100M m. Since 2014, China has built the largest and most extensive 4G network in the world in just two or three years. With the help of the policy of speeding up and reducing fees, the average mobile traffic consumption of mobile users in China reached 5.14GB in September, 2.6 times that of the same period last year. " Wen Ku, Director of the Information and Communication Development Department of the Ministry of Industry and Information Technology, said that the rapid development of infrastructure has provided support for various segments of the Internet.

  The online video industry is also enthusiastically embracing technological innovation. Su Hua, CEO of Aauto Quicker, a short video application, said: "Artificial intelligence runs through every link of video production, video understanding, user understanding and accurate distribution in Aauto Quicker. For the identification of video content, 15 million short video content generated every day will be labeled automatically by artificial intelligence and the voice content is recognized." In 2017, the number of patent applications for artificial intelligence inventions and the number of invention patents granted in China reached 46,284 and 17,477, respectively, with a year-on-year increase of 34.9%. Kai-Fu Lee, Chairman of innovation works, also said: "It took only two years for China to’ miraculously rise’ in artificial intelligence. Today, the most valuable artificial intelligence companies in computer vision, speech recognition and drones are China companies."

  E-commerce retail innovation continues.

  213.5 billion yuan! At 0: 00 on November 12th, this huge number appeared on the data screen of Tmall "double 11" Media Center in Shanghai World Expo Center, and the new single-day online shopping transaction volume of China e-commerce platform was fixed here. Data from the Ministry of Commerce show that on this day, the national online retail transaction volume exceeded 300 billion yuan. The US Cyber Monday, the target of double 11, has a transaction volume of only $7.9 billion this year, less than one fifth of that of double 11.

  Taobao was launched in May 2003. In that year, the transaction volume of online shopping in China was only 790 million yuan, but then the consumption of the Internet in China soared. Ma Ruisi, chairman of Procter & Gamble Greater China, was quite impressed: "In the United States, only 7% of Procter & Gamble’s business comes from e-commerce, but it has reached more than 30% in China. Last year,’ double 11′ Procter & Gamble spent 19 hours to reach sales of 1 billion yuan, and this year it only took 70 minutes."

  The rapid development of e-commerce has provided millions of small and medium-sized enterprises with direct access to consumers, including a series of "Amoy brands" such as wheat bags, Handu Yishe, Sheba, Qigege and puppy appliances. In the "double 11" in 2013, Tmall and Taobao sold 35 billion yuan in 24 hours. In that year, the national online transaction volume reached 1.85 trillion yuan, and China surpassed the United States for the first time to become the largest online shopping country.

  The rapid development of e-commerce has witnessed the tremendous energy of consumption upgrading. Li Yongjian, director of the Internet Economy Research Office of the School of Finance and Economics of China Academy of Social Sciences, said: "From the perspective of consumer choice, online shopping has begun to evolve from necessities to enjoyment products, and e-commerce platforms are also transforming from price competition to quality competition."

  According to the report released by the think tank Outlook Think Tank in October, in the past five years, China’s scientific and technological innovation has continuously improved people’s sense of acquisition, among which mobile payment has the highest contribution rate in enhancing people’s sense of acquisition.

  At present, Leopard Secret, the first supermarket robot in China, has started to provide services in wu mart, Beijing. It can answer all kinds of questions of consumers and guide them to find the products they want. This is just the tip of the iceberg of Wumart’s new retail. On the shelf, the electronic price tag can adjust the price at any time; In supermarkets, artificial intelligence cameras count passenger flow and consumption preferences.

  In addition, the unmanned shelves and supermarkets of Binguo Box and Convenience Bees, the small-scale rapid delivery explored by Boxma Xiansheng and Yonghui "super species", and various new formats emerge one after another … Li Fei, a professor in the marketing department of Tsinghua University School of Economics and Management, said frankly: "The retail revolution in China has become the focus of global attention and the’ testing ground’ for the retail industry facing the future."

At the 2018 Hangzhou Yunqi Conference, participants watched the live game of "Tianrang" Go robot in the exhibition hall of the conference. Xinhua News Agency reporter Huang Zongzhi photo

  Integrating "touching the net" to stimulate vitality

  "Changan Ford’s 20,000 employees, upstream and downstream suppliers and distributors are all connected through corporate WeChat. From organization and collaboration to teleconferencing, to direct access to information such as production, sales and service, digitalization has greatly improved Changan Ford’s operational efficiency." Wu Jinhao, chief information officer of Changan Ford, told reporters.

  In the field of manufacturing, a large number of modes of sharing production factors, such as production equipment, design ability and office space, have emerged. In Dongguan, Guangdong, expensive CNC machine tools are providing shared services for small and medium-sized enterprises. Enterprises don’t have to buy machine tools anymore, just pay by the hour or the processing capacity. Wang Gan, chairman of Xinquan Optoelectronics Technology Co., Ltd. said: "Now more than 500 machine tools will cost more than 100 million yuan if purchased directly, but if shared machine tools are used, a set of machines will only cost several thousand yuan a month."

  According to statistics, by 2020, the industrial Internet will account for 22.5% of the total Internet of Things market, and the industrial Internet market in China will exceed 11.3 trillion yuan in the next 15 years. "With the industrial Internet, China’s manufacturing industry has taken the lead in the transformation of production methods." Zhang Yansheng, a researcher at the Academic Committee of the National Development and Reform Commission, said.

  In addition, public services are also being deeply transformed by the Internet. "Running at most once" has become a real commitment of the government to the people, and smart cities are thus more worthy of the name. Jiang Peng, director of the Smart City and Big Data Institute of the Planning Institute of the Urban and Small Town Reform and Development Center of the National Development and Reform Commission, said: "What smart cities really need is the innovation vitality based on data, which can improve the operational efficiency of cities and the decision-making level of city managers through data." Taking Inspur Group as an example, the enterprise helped Jinan become the first local government in China to realize the authorized operation of government data. As the core of operation, the Smart Spring City Operation Management Center has gathered more than 100 million pieces of basic database information from 65 departments in the city. Sun Pishu, chairman of Inspur Group, said that with the deep integration of Internet and government affairs, smart city service providers are also undergoing the transformation to smart city operators. (Chen Jing)

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The benefits of the national emergency early warning information release system are highlighted.

  China Meteorological News reporter Sun Nan Niu Yanyuan correspondent Edward Zhang Sun Jiao reports. 


  On April 17, a rainstorm hit Zhejiang, and the personnel of the collapsed highway and several surrounding geological disaster-prone points in Shiyang Town, Taishun County were transferred in an orderly manner, with no casualties. This is due to the fact that at 16: 20 on the same day, Xu Weijian, the deputy mayor in charge, received a yellow rainstorm warning message released through the emergency warning information release platform, which was less than 50 minutes before the county meteorological bureau found a strong echo and began to make a forecast. After receiving the early warning, he immediately called the township departments and villages to start the prevention work.


  There are still many cases of orderly hedging like Shiyang Town during the nine rounds of rainfall from the flood season to the end of April this year. The national emergency early warning information release system plays a role in flood control and drought relief.


  During the rainstorm on April 20th, the meteorological warning of mountain torrents jointly issued by the Ministry of Water Resources and China Meteorological Bureau and the meteorological risk warning of geological disasters jointly issued by the Ministry of Land and Resources and China Meteorological Bureau were online at the same time. The Central Meteorological Observatory predicts that from 8: 00 on April 20 to 8: 00 the next day, the geological disasters of mountain torrents will occur in some areas of Guangdong with a high level. In Guangdong, the early warning information publishing platform has further refined "some areas". At 14: 00 on the 21st, the early warning level of geological disasters in Zhaoqing City was rated as level 4, which means that geological disasters caused by meteorological factors have certain risks. Zhou Yichang of Zhaoqing Meteorological Bureau quickly released the early warning to the information officers of counties, towns and villages through the early warning information release platform of emergencies with the click of a mouse. "After receiving the early warning, I passed the information to all major farmers in the first time, and everyone had preventive awareness and measures." Tan Meibing, information officer of Letang Village, Baitu Town, Zhaoqing City, said.


  On April 15th, Hunan suffered from strong convective weather. More than 30,000 early warning messages were sent from the provincial emergency early warning information release center to the five-level flood control responsible persons, primary and secondary school safety responsible persons, traffic police commanders, meteorological information officers, heads of land, forestry, transportation and other departments in the province, and all security work was put in place in advance. "This is a rare hail for decades! Thanks to your early warning information, the crops in the field were spared. " Mao Xiulin, a large grain grower, said.


  The national emergency early warning information release system was officially put into trial operation in 2015. Previously, Zheng Guoguang, director of China Meteorological Bureau, emphasized that the working idea of "co-construction by governments at all levels, sharing by all departments and sharing by the whole society" should be adhered to, so as to realize the docking of the system and the release of early warning information of all departments and create a unified and authoritative platform for the release of early warning information of various emergencies. After more than a year’s construction and operation, the national emergency early warning information release system with four levels of integration of the state, province, city and county has initially formed a "one horizontal and four vertical" business pattern.


  Li Xiaodong, director of the the State Council Emergency Office, said at the launching ceremony of the National Emergency Early Warning Information Release Center in May last year that the China Meteorological Bureau and various early warning information release functional departments have established and improved the early warning information release system according to the deployment requirements of the State Council, and continuously improved the early warning information release capability, which has played an important role in minimizing emergencies and their losses. The next step should be to make the release operation mechanism more efficient, standardized and unified, and ensure that the early warning information of emergencies is sent to the target population at the first time.


  At present, under the leadership of the State Council Emergency Office, at the national level, 16 responsible units for early warning release have completed the feedback and filing of the confirmation of early warning information release; The Ministry of Industry and Information Technology actively coordinated operators to promote the free and rapid release of "12379" early warning SMS; The State Administration of Press, Publication, Radio, Film and Television has accelerated the docking of the national emergency early warning and release system with the emergency broadcasting system.


  Local finance, development and reform departments have increased their support, and several provincial-level early warning information release system construction projects have been approved. In some places, the funds for early warning information release and operation have been included in the government’s purchase of services. Up to now, 31 provinces, 343 cities and 2015 county-level early warning information release agencies have a total of 6085 full-time and part-time early warning release personnel.


  ◆ "One Vertical and Four Horizontal" Business Layout


  


  As a part of the national emergency command platform system, the national emergency early warning information publishing system builds the national, provincial and municipal early warning information publishing platforms and county-level early warning information publishing terminals from the overall framework.


  The national early warning information publishing platform is located at the top of the four-level early warning information publishing system structure, and its information source is the the State Council Emergency Command Platform and relevant ministries and commissions; The provincial early warning information publishing platform is located on the second floor, and the information source is the superior early warning information publishing platform, the provincial government and various departments and bureaus in the province; The prefecture-level early warning information release management platform is located on the third floor, and the information sources are mainly the superior early warning information release platform, the prefecture-level government and the committees and bureaus; As the lowest level, the county-level early warning information publishing terminal is the grass-roots information receiving unit of national emergency early warning information, and the information source is the higher-level early warning information publishing platform, the county-level government and county-level committees and bureaus.


  The the State Council Emergency Office is responsible for the overall management of the national emergency warning information release system, and the provincial, prefecture-level and county-level release platforms and terminals are managed by the local government emergency office, and the daily operation and maintenance are the responsibility of the competent meteorological departments at all levels. The national emergency early warning information release system adopts the principle of "who issues, who is responsible", and all units are responsible for the early warning information released by their own units. Publishing units at different levels and in different regions can only publish a certain level of early warning information related to their own units within their own regions, and cannot publish them across regions and industries.


  ◆ Business organization


  


  In February 2015, the central editorial office officially approved the establishment of the National Early Warning Information Release Center. In May of the same year, the National Early Warning Information Publishing Center officially started its business operation. By the end of April, 11 provinces (autonomous regions and municipalities directly under the Central Government) such as Beijing, Tianjin, Shanxi, Shanghai, Fujian, Jiangxi, Guangdong, Guangxi, Hainan, Xinjiang and Guizhou had established provincial-level early warning information release centers. At present, 31 provinces, 343 cities and 2015 county-level early warning information release agencies have a total of 6085 full-time and part-time early warning release personnel.


  ◆ docking of various departments


  


  In the national emergency early warning information release platform, 52 kinds of early warning information from 13 departments, including public security, civil affairs, land, transportation, water conservancy, agriculture, health planning commission, safety supervision, food and drug supervision, forestry, tourism, earthquake and meteorology, have been docked and released online, and the departments of industry, information technology, environmental protection and ocean are actively carrying out system application docking work, initially realizing the unified release of multi-disaster early warning information.


  Nationwide, 90 kinds of early warning in 16 departments have been connected to the publishing system and officially put into operation. Guangdong, Shanghai, Beijing and other places have established and improved the whole society emergency linkage mechanism with early warning information as the guide.


  ◆ Early warning release situation


  


  Since the business operation on May 1, 2015, 250,000 early warnings of natural disasters, 106 early warnings of accidents and disasters, 17 public health incidents and 5 social security incidents have been issued nationwide; In addition to meteorological disaster early warning, the departments of land, water conservancy, electric power, ocean and transportation issued 661 early warning information through the national early warning release system; 31 provinces and 333 cities across the country release early warning information through the national early warning information release system.


  ◆ Construction of distribution channels


    


  Since the establishment of the national emergency early warning information release system, broadening the release channels and expanding the coverage of early warning has always been one of the focus of work. The distribution channels integrate and utilize the resources of various departments and social media, and establish a variety of early warning information distribution channels such as SMS, mobile APP, Internet, website, radio, TV, newspapers, outdoor media, building TV, etc., and also seamlessly connect with AliPay, Tencent WeChat, Sina Weibo, etc.


  In order to solve the problem of early warning information entering villages and households, 436,000 early warning loudspeakers, 767,000 information workers and 78,000 information service stations were jointly built and shared with agriculture-related and disaster-related departments. By means of ocean broadcasting and Beidou satellite, the problem of early warning information release for ships at sea is solved. Solve the problem of early warning information release for remote areas with small population density through early warning radio; The problem of early warning information release in western minority areas with poor language communication is solved by Tibetan and Uighur mobile phone MMS.


  footmark


  In 2005, the State Council issued the Decision of the State Council on Implementing the National Overall Emergency Plan for Public Emergencies.


  In November 2005, the Emergency Office of China Meteorological Bureau was established.


  In June, 2006, China Meteorological Bureau put forward the idea of national public emergency early warning information release system.


  At the end of 2006, the State Council held an examination and approval meeting of the National Emergency System Construction Plan during the Eleventh Five-Year Plan period, and decided that the national public emergency early warning information release system project should be handed over to the meteorological department for construction.


  In February 2007, China Meteorological Bureau set up a project office to start the feasibility study.


  In July 2009, the feasibility study of the project was revised according to the review opinions of the National Development and Reform Commission.


  In September 2010, the National Development and Reform Commission approved the feasibility study of the project.


  In November 2011, the National Development and Reform Commission issued an investment plan and the project was officially launched.


  In 2013, the construction of the national emergency early warning and release system entered the stage of installation, training and application for provincial, municipal and county pilot users. At the same time, the provincial, municipal and county-level emergency early warning information release systems that have started construction are gradually docked.


  On May 28th, 2013, the Ministry of Industry and Information Technology agreed to open "12379" as a special number for public service of national emergency early warning information release.


  On August 1, 2013, the website of "12379" national emergency warning information was officially launched.


  On January 9, 2014, all three operators, China Telecom, China Mobile and China Unicom, were connected.


  On January 11, 2014, the national emergency early warning information release system was put into trial operation.


  In February 2015, the Central Editorial Office approved the establishment of the National Early Warning Information Release Center.


  On May 1, 2015, the business of the national emergency early warning information release system was officially put into operation.


  On May 18th, 2015, the National Early Warning Information Publishing Center was put into operation.


  On June 30th, 2015, the Secretariat of the State Council issued the Law on Operation and Management of National Emergency Early Warning Information Release System (Trial). By the end of April this year, 31 provinces (autonomous regions and municipalities directly under the Central Government) had formulated provincial-level emergency early warning information release management measures according to this method.


  On September 14, 2015, the national emergency early warning information release system application docking work conference was held, and various ministries and commissions started docking work.


 


  Source: Emergency Disaster Reduction and Public Service Department of China Meteorological Bureau and National Early Warning Information Release Center. The data time is as of May 4, 2016.








  (Source: China Meteorological News, May 6, 2016, 8th Edition Editor: Zhao Tianyu)



 


  



 

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The American Democracy Foundation funded 50 China projects to support anti-China forces.

  A "non-governmental organization" solely funded by Congress.


  Everyone in the United States emphasizes its status as a "non-governmental organization", but as long as we understand its funding source and organizational structure, we know that the Democratic Foundation is actually a US government department in the cloak of "non-governmental".


  The practice of promoting "American-style democracy" in a hidden way originated after the end of World War II. In order to prevent communist party’s influence from expanding in Europe, American policymakers began to subsidize pro-Western media and political parties in the form of secretly sending consultants, equipment and funds. By the end of 1960s, some American "private groups" began to receive secret funds from the CIA, which were also used to weaken communist party’s influence. These "private groups" later grew into "American Political Foundation", which is the predecessor of American Democracy Foundation.


  In November 1983, US President Ronald Reagan ordered the establishment of the American Democracy Foundation, and asked Congress to allocate $65 million for "promoting global democracy" in the fiscal year of 1984-1985. In addition to funding from Congress, the board structure of the American Democracy Foundation makes this "non-governmental organization" even more weird, because its members include two members of Congress, officials of American labor, business and education institutions, foreign policy experts, and representatives of Republicans and Democrats. John Richardson, the first "permanent chairman" of the Democracy Foundation, was a former assistant secretary of state. The current chairman, Carl Jeshman, was a senior adviser to the Permanent Representative of the United States to the United Nations.


  The Democratic Foundation initially sought funding of $31.3 million a year, but Congress only gave it $18 million. Even so, some opponents of the Democratic Foundation in Congress suggested to the White House that since the Democratic Foundation is "non-governmental", it should not be appropriated by the US Congress, but should absorb donations from the people. However, the US Congress still insists that all the funds of the Democracy Foundation are allocated by the Congress, and it has repeatedly intervened in the projects of the Democracy Foundation, often giving it "specific guidance". For example, the US Congress asked the Democracy Foundation to support solidarity trade unions in Poland and "special interest groups" in Chile, Nicaragua and Eastern Europe. The US Congress also asked the Democracy Foundation to "give special support" to relevant organizations in South Africa, Myanmar, China, (China) Tibet and North Korea. After the "9.11" incident, the Democracy Foundation threw out the third strategic document and began to sponsor a large number of projects in Middle Eastern countries.


  At the same time, the amount of funds allocated by the US Congress to the Democracy Foundation is actually increasing: from the initial "quota" of $33 million to $40 million in 2004, and then jumped to $60 million in fiscal year 2006. In fiscal year 2008, the annual appropriation of the American Democracy Foundation was $100 million.


  It is the executor of American strategic intention.


  The American Democracy Foundation is very good at bringing together various "democracy foundations" in western countries to do their work. For example, in order to promote the democratic process in Myanmar, the American Democracy Foundation has brought together the Westminster Democracy Foundation in Britain, the Conrad Foundation in Germany and the International Center for Human Rights and Democratic Progress in Canada, and contributed to the "Democratic Forces in Myanmar". When dealing with China, North Korea and other Asian countries, the American Democracy Foundation mainly draws on Japanese, Italian and Portuguese "Democracy Foundations".


  How does the American Democracy Foundation approve a project? An expert familiar with the operation of the Foundation told the Global Times reporter that there are two sets of audit procedures for the American Democracy Foundation: a clear set of procedures is published on the official website, such as quarterly discussion and evaluation by the Board of Directors of the Democracy Foundation, which comprehensively considers the priorities, specific needs, national conditions, democratic effects and related experiences of the project, and then grants money to groups or organizations. Applicants should fill in a series of forms, such as project details, expenditure, budget plan, name and position of the person in charge of the organization, etc. The China expert told the Global Times reporter, "Whether the American Democracy Foundation gives money or not is mainly based on the degree of influence of this project on the national interests of the United States, the destructiveness to relevant countries, and the degree of recognition of American-style democracy by relevant organizations or groups. In the final analysis, the interests of the United States are fundamental. If it is not in line with the national interests of the United States, it is difficult to get a penny from the Democracy Foundation. "


  Kim A. Holmes, vice president of the Center for Foreign Affairs and National Defense Policy Studies of the United States, and Sherby Kurom, director of the Institute of International Relations of the Heritage Foundation of the United States, disclosed that on August 1, 1996, the Appropriations Committee of the United States Senate tried to cancel the funding of 30 million U.S. dollars to the Democracy Foundation that year, on the grounds that although the Democracy Foundation played an important role in "promoting democracy" in the Soviet Union, China, Cuba, Iran, Iraq, Nicaragua, Vietnam and other countries, the Cold War was after all. However, U.S. lawmakers who support continuing funding for the Democracy Foundation said that despite the disintegration of the Soviet Union, communist party remained in power in China, Cuba, North Korea and Viet Nam, and communist party’s influence in the former Soviet republics remained considerable, so communist party’s global power should not be underestimated. Lawmakers believe that governments under western-style democracy pose less threat to the interests of the United States. Because they pursue profits and are keen on business activities, they are more willing to maintain international stability. Democratic countries rarely go to war with democratic countries, so strengthening the promotion of democracy, such as investing in the American Democracy Foundation, is much less costly than going to war with an "undemocratic country", which is in the best interests of the United States. ▲  

Editor: xu wen hua

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Spring Festival travel rush: Change and Invariance in Time.

Imposition photo: The picture above shows that during the Spring Festival travel rush in 1989, a staff member used a radar speedometer to spot check the speed of buses entering and leaving Beijing Station (photo by Xinhua News Agency reporter Song Lianfeng); The picture below shows that on January 13, 2017, passengers waited for the EMU train on the platform of Hankou Railway Station in Hubei Province (photo by Xinhua News Agency reporter Xiao Yijiu). From steam locomotives and diesel locomotives to electric locomotives and EMU trains, with the continuous development of China’s railway industry, passenger travel in Spring Festival travel rush has become more and more efficient and convenient.

Spring Festival travel rush Road varies from year to year. With the continuous progress of China’s social economy, the face of Spring Festival travel rush is constantly changing, and the pace of people returning home during the Spring Festival is becoming more leisurely.

Spring Festival travel rush Road is the same year after year. Behind the migration of hundreds of millions of people is Chinese’s eternal home complex, and his dedication to work silently for the reunion of others.

Xinhua news agency

Imposition photo: The above picture shows the passengers resting on the 2334 train from Xi ‘an to Guiyang on the night of January 19, 2006 (photo by Xinhua News Agency reporter Ding Haitao); The picture below shows passengers resting on the G1 train of Beijing-Shanghai high-speed railway on January 12, 2012 (photo by Xinhua News Agency issued by Wang Shen). From steam locomotives and diesel locomotives to electric locomotives and EMU trains, with the continuous development of China’s railway industry, passenger travel in Spring Festival travel rush has become more and more efficient and convenient.

Spring Festival travel rush Road varies from year to year. With the continuous progress of China’s social economy, the face of Spring Festival travel rush is constantly changing, and the pace of people returning home during the Spring Festival is becoming more leisurely.

Spring Festival travel rush Road is the same year after year. Behind the migration of hundreds of millions of people is Chinese’s eternal home complex, and his dedication to work silently for the reunion of others.

Xinhua news agency

Imposition photo: The picture above shows a volunteer (left) handing out train schedules to passengers at Chongqing Railway Station on January 9, 2001 (photo by Xinhua News Agency reporter Zhou Hengyi); The picture below shows that on January 13, 2017, at Guangzhou South Railway Station, children looked at the intelligent robot "Xiaolu" that provided consulting services for passengers (photo by Xinhua News Agency reporter Liang Xushe). "Xiaolu" was introduced by Guangzhou Railway Bureau, which can provide passengers with information such as train time, ticket purchase information and weather conditions, and can provide a brand-new travel experience for Spring Festival travel rush passengers instead of manual work.

Spring Festival travel rush Road varies from year to year. With the continuous progress of China’s social economy, the face of Spring Festival travel rush is constantly changing, and the pace of people returning home during the Spring Festival is becoming more leisurely.

Spring Festival travel rush Road is the same year after year. Behind the migration of hundreds of millions of people is Chinese’s eternal home complex, and his dedication to work silently for the reunion of others.

Xinhua news agency

Imposition photo: On January 6, 2006, people queued to buy train tickets at temporary ticket outlets in Shanghai (photo by Xinhua News Agency reporter Chen Fei); The picture below shows that on January 13, 2017, passengers purchased tickets at the ticket vending machine at Nanchang Railway Station (photo by Xinhua News Agency reporter Zhou Mi). With the advent of the Internet era, people can buy tickets online anytime and anywhere, and it is not common to queue up at the window to buy tickets.

Spring Festival travel rush Road varies from year to year. With the continuous progress of China’s social economy, the face of Spring Festival travel rush is constantly changing, and the pace of people returning home during the Spring Festival is becoming more leisurely.

Spring Festival travel rush Road is the same year after year. Behind the migration of hundreds of millions of people is Chinese’s eternal home complex, and his dedication to work silently for the reunion of others.

Xinhua news agency

Imposition photo: The above picture shows that on February 24, 1999, Chengdu Railway Station was full of passengers (photo by Xinhua News Agency reporter Chen Xie); The picture below shows that on January 13, 2017, at Chengdu East Railway Station, passengers were ready to take the bus (photo by Xinhua News Agency reporter Xue Yubin). In recent years, although the number of tourists has increased year by year, the overall travel environment in Spring Festival travel rush has been continuously improved.

Spring Festival travel rush Road varies from year to year. With the continuous progress of China’s social economy, the face of Spring Festival travel rush is constantly changing, and the pace of people returning home during the Spring Festival is becoming more leisurely.

Spring Festival travel rush Road is the same year after year. Behind the migration of hundreds of millions of people is Chinese’s eternal home complex, and his dedication to work silently for the reunion of others.

Xinhua news agency

Imposition photo: The picture above shows that on January 29th, 2004, more than 1,700 migrant workers boarded the "special work train" bound for Guangzhou and Shenzhen at Chengdu Railway Station (photo by Xinhua News Agency reporter Liu Qiangang); The picture below shows that on February 1, 2016, passengers who took the Guangzhou Railway Group’s migrant workers to return to their hometowns got on the platform of Guangzhou South Railway Station (photo by Xinhua News Agency reporter Liang Xu). From steam locomotives and diesel locomotives to electric locomotives and EMU trains, with the continuous development of China’s railway industry, passenger travel in Spring Festival travel rush has become more and more efficient and convenient.

Spring Festival travel rush Road varies from year to year. With the continuous progress of China’s social economy, the face of Spring Festival travel rush is constantly changing, and the pace of people returning home during the Spring Festival is becoming more leisurely.

Spring Festival travel rush Road is the same year after year. Behind the migration of hundreds of millions of people is Chinese’s eternal home complex, and his dedication to work silently for the reunion of others.

Xinhua news agency

Imposition photo: The above picture shows that on January 14, 2006, passengers entered the station through manual ticket checking at Beijing Railway Station (photo by Xinhua News Agency reporter Li Wen); The picture below shows that on January 13, 2017, a passenger experienced the use of face recognition system to verify the entrance at Guangzhou South Railway Station. When passing the gate, he made a "V" gesture toward the camera (photo by Xinhua News Agency reporter Liang Xushe). Nowadays, the train stations in Beijing, Guangzhou, Zhengzhou, Nanchang and other places have put into use the intelligent ticket checking system during their stay in Spring Festival travel rush, which not only speeds up the arrival of passengers, but also relieves the pressure of manual ticket checking.

Spring Festival travel rush Road varies from year to year. With the continuous progress of China’s social economy, the face of Spring Festival travel rush is constantly changing, and the pace of people returning home during the Spring Festival is becoming more leisurely.

Spring Festival travel rush Road is the same year after year. Behind the migration of hundreds of millions of people is Chinese’s eternal home complex, and his dedication to work silently for the reunion of others.

Xinhua news agency

Imposition photo: The above picture shows that during the Spring Festival travel rush in 1994, the staff of Xi’ an Railway Station delivered hot water to the passengers passing by Xi’ an Railway Station (photo by Xinhua News Agency reporter Tao Mingshe); The picture below shows that on February 6, 2016, Liao Hui, a train worker in Fuzhou Passenger Transport Section of Nanchang Railway Bureau, delivered hot water to a small passenger (photo by Xinhua News Agency reporter Jiang Kehong). For a long time, countless staff members have been busy silently for the smooth return of passengers.

Spring Festival travel rush Road varies from year to year. With the continuous progress of China’s social economy, the face of Spring Festival travel rush is constantly changing, and the pace of people returning home during the Spring Festival is becoming more leisurely.

Spring Festival travel rush Road is the same year after year. Behind the migration of hundreds of millions of people is Chinese’s eternal home complex, and his dedication to work silently for the reunion of others.

Xinhua news agency

Imposition photo: The above picture shows that on January 20, 2005, the staff of the rail inspection team of the comprehensive workshop of Guyuan Works Section of Yinchuan Railway Branch carried out inspection work on the Bao (Ji) Zhong (Wei) railway line (photo by Xinhua News Agency reporter Liu Quanlong); The picture below shows that on January 21, 2016, the line workers replaced the threaded nails on the Nanjing Yangtze River Bridge. Workers in Nanjing Line Workshop of Nanjing Bridge Section of Shanghai Railway Bureau inspected the railway line on the main deck of Nanjing Yangtze River Bridge before the arrival of Spring Festival travel rush (photo by Xinhua News Agency reporter Li Renzi). For a long time, countless staff members have been busy silently for the smooth return of passengers.

Spring Festival travel rush Road varies from year to year. With the continuous progress of China’s social economy, the face of Spring Festival travel rush is constantly changing, and the pace of people returning home during the Spring Festival is becoming more leisurely.

Spring Festival travel rush Road is the same year after year. Behind the migration of hundreds of millions of people is Chinese’s eternal home complex, and his dedication to work silently for the reunion of others.

Xinhua news agency

Imposition photo: The above picture shows the personnel on duty commanding and dispatching vehicles in the signal building of Zhengzhou Railway Station on February 5, 2005 (photo by Xinhua News Agency reporter Gu Lilin); The picture below shows that on January 19th, 2016, in the driving room of the operation workshop of Nanjing Railway Station, the attendant was monitoring the operation status of the equipment. Whenever a train leaves, station attendant should observe the platform, tracks, trains and other aspects to ensure safety and inform the driver to leave as planned (photo by Xinhua News Agency reporter Li Xiangshe). For a long time, countless staff members have been busy silently for the smooth return of passengers.

Spring Festival travel rush Road varies from year to year. With the continuous progress of China’s social economy, the face of Spring Festival travel rush is constantly changing, and the pace of people returning home during the Spring Festival is becoming more leisurely.

Spring Festival travel rush Road is the same year after year. Behind the migration of hundreds of millions of people is Chinese’s eternal home complex, and his dedication to work silently for the reunion of others.

Xinhua news agency

Imposition photo: The picture above shows that on January 28th, 2008, due to the severe freezing snow disaster, the highway transportation in northern Guangxi was blocked in a large area, and the returning people in Xinxu Township, Guanyang County, Guangxi walked on a closed road (photo by Xinhua News Agency reporter Chen Ruihua); The picture below shows that on January 31st, 2013, the owner Sun Hongzhe (right) and the passenger Lei Chan Fen met through the "Spring Festival Home Help Alliance" on the Internet, and their hometown in Shandong decided to carpool to go home from Guangzhou for the New Year (photo by Xinhua News Agency reporter Liang Xushe). Every year in Spring Festival travel rush, people choose different ways to travel, and the same thing is people’s hope for family reunion.

Spring Festival travel rush Road varies from year to year. With the continuous progress of China’s social economy, the face of Spring Festival travel rush is constantly changing, and the pace of people returning home during the Spring Festival is becoming more leisurely.

Spring Festival travel rush Road is the same year after year. Behind the migration of hundreds of millions of people is Chinese’s eternal home complex, and his dedication to work silently for the reunion of others.

Xinhua news agency

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Foreign trade "new three" continues to be hot, industrial upgrading tamps down the cornerstone of development

  Since the beginning of this year, with the combination of macro-control policies, the main economic indicators have stabilized and rebounded obviously. During this period, relying on the strong industrial chain supply chain production advantages and super-large-scale market advantages, some emerging fields have made eye-catching development performance. From now on, People’s Daily launched a series of reports on "Where did the economic highlights come from?".

Domestic new energy vehicles are loaded and exported at Nansha automobile port. Photo courtesy of Guangzhou Port Group

  Domestic new energy vehicles are loaded and exported at Nansha automobile port. Photo courtesy of Guangzhou Port Group

  In November, in Nansha Seaport, Guangzhou, with dense routes, brand-new domestic new energy vehicles were driven to the loading and unloading area at the front of the terminal in an orderly manner and sent to overseas markets such as Southeast Asia by foreign trade ro-ro ships. After packing in Dongguan, batches of lithium battery packs set off on the whistle of the China-Europe train and rushed to the "Belt and Road" country … …

  Since the beginning of this year, the export of "new three" products such as electric manned vehicles, lithium-ion batteries and solar cells has maintained a rapid growth momentum. In the first three quarters, the total export of "new three samples" increased by 41.7% year-on-year, accounting for 1.3 percentage points of China’s export. At the 134th Canton Fair held not long ago, the scale of new energy exhibition area increased by 172% compared with the previous one, which further helped the export of "new three products" and promoted the development of emerging advantageous industries.

  Foreign trade is an important window to observe a country’s economy. From "Made in China" to "Made in China", and from "old three kinds" to "new three kinds", the upgrading trend of China’s foreign trade export products is becoming more and more obvious, which is not only the embodiment of the continuous optimization of foreign trade structure, but also the true portrayal of new kinetic energy promoting high-quality economic development.

  Why have the "new three kinds" of foreign trade become hot in recent two years? Experts said that this is not an accident, but the harvest of China’s comprehensive layout and deep cultivation in related industries for many years.

  Xu Haidong, deputy chief engineer of China Automobile Industry Association, pointed out that in recent years, China has led the green and low-carbon transformation, applied the latest iterative technology and continuously improved its research and development capabilities. The "new three samples" export has produced excellent report cards, which fully reflects the technological innovation advantages brought by China’s increasingly complete industrial chain.

  A complete industrial chain supply chain system is a solid cornerstone of industrial development.

  In the Yangtze River Delta region of China, through the coordinated development of industrial clusters, a new energy automobile factory can solve the supply of necessary supporting parts within four hours’ drive, forming a "four-hour industrial circle" that embodies the characteristics of modern industrial system. At present, China’s green and low-carbon transportation system has been accelerated, and more than half of the world’s new energy vehicles are driving in China, ranking first in the world in production and sales for eight consecutive years. The continuous and complete industrial chain has provided a solid and powerful support for the new energy automobile industry to maintain its leading development momentum.

  In the view of Liu Wenqiang, Party Secretary and Vice President of China Electronic Information Industry Development Research Institute, the main supporting factor behind the high growth of "new three kinds" exports is the industrial competitiveness precipitated by China’s manufacturing industry for many years. "China’s manufacturing system is constantly improving, technological innovation is constantly improving, manufacturing capacity is outstanding, and the industrial chain is complete and resilient, which all have certain leading advantages in the world." Liu Wenqiang said.

  Taking the photovoltaic industry as an example, in recent years, China’s photovoltaic industry has formed the most complete industrial supporting environment and supply chain system in the world, from upstream silicon material technology research and development, midstream component manufacturing and downstream power station development, with a total industrial output value exceeding 1.2 trillion yuan.

  In the first three quarters of this year, the photovoltaic industry continued to achieve rapid development. From the manufacturing side, the output of polysilicon, silicon wafers, battery chips, components and other major manufacturing links increased by over 70% year-on-year; From the perspective of import and export, the export volume of silicon wafers, batteries and components increased by 88.3%, 74.3% and 33% respectively.

  The leading momentum is hard-won. Experts pointed out that we still have to make a lot of "hard work" to maintain the vitality and advantages of the new kinetic energy of the industry for a long time.

  On September 5, the Ministry of Industry and Information Technology put forward various measures to promote China’s industrial enterprises to adhere to innovation and promote system upgrading at the "press conference on the theme of steady industrial growth" — —

  Strengthen quality brand building, promote supply-side innovation, and create demand with high-quality supply; Strengthen the overall planning of the "14 th Five-Year Plan" in the field of industry and information technology, and promote industrial investment funds to increase investment in manufacturing; Continue to do a good job in China’s industrial transfer and development docking activities, and promote qualified projects to be put into production as soon as possible to achieve results; Guide enterprises to expand the international market according to local conditions, and further tap the export potential while consolidating the export of key industrial products.

  "I believe that with the continuous implementation of the above-mentioned series of effective measures, ‘ Three new samples ’ The new kinetic energy of the industry that leads will surely explode with greater development vitality. " Xu Haidong believes that the export growth of the "new three products" is expected to continue in the future: from the outside, the global attention to new energy and green low-carbon development is gradually increasing, and the international market demand for "new three products" is still very strong; Domestically, supported by the advantages of industrial chain and policy environment, the supply of "new three kinds" products still has great advantages on a global scale.

  Liu Wenqiang said that enterprises should persist in innovation and continuously improve their technical content and product quality, so as to actively adapt to the external environment, cope with risk challenges and further release new industrial kinetic energy. On the one hand, it is necessary to strengthen the layout of basic forward-looking technologies and explore new innovation models. Encourage the "chain owner" enterprises in the industrial chain to take the lead, unite upstream and downstream partners, universities and research institutions to build an innovation platform, and focus on tackling common key technical problems; On the other hand, it is necessary to optimize the allocation of resource elements, guide the coordinated development of industrial clusters, coordinate the differentiated and characteristic layout as a whole, and promote the upgrading and efficiency of industries.

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Enterprise’s Character: An Analysis of Ruixun’s Financial Fraud from the Perspective of ESG

  On February 1st, 2020, Muddy Waters Research published an 89-page research report, pointing out that Luckin Coffee (hereinafter referred to as "Ruixing"), a Chinese stock company listed on Nasdaq, was fabricating its financial and operational data, saying that "in the third quarter of 2019 and the fourth quarter of 2019, the daily consumption of goods in each store was exaggerated by at least 69% and 88% respectively". On April 2, Ruixing admitted that the fictitious transaction amount was about 2.2 billion yuan, and then its share price plummeted by 80%, and trading was suspended several times during the session. On April 3rd, China Securities Regulatory Commission issued an announcement strongly condemning the financial fraud of Ruixing, saying that it would strictly follow the relevant arrangements of international securities regulatory cooperation, check the relevant situation according to law, resolutely crack down on securities fraud and effectively protect the rights and interests of investors.


  As the old saying goes, "If you don’t keep your word, you won’t stand". The Ruixing incident has had a very serious negative impact on the international reputation of China enterprises, and some investors even have a natural sense of rejection of China Stock Exchange, indirectly contributing to the phenomenon that "bad money drives out good money" in the market recently, affecting employees, supply chains, customers and other stakeholders. From the perspective of ESG, this paper will analyze the various contents of "Ruixing Incident" in detail, and provide warning and reference for regulators, enterprises and investors.


  First, the background of the "Luckin Coffee" financial fraud incident


  (A) the seriousness and negative impact of the Ruixing incident


  1. The credibility of enterprise data in China was questioned.


  The seriousness of financial information fraud is self-evident. This time, Luckin Coffee directly thundered in the US financial market, crushing the international reputation accumulated by China Stock Exchange in one fell swoop and igniting the trust crisis of China enterprises. In the eyes of more overseas investors, they may not know that Ruixing is a case, nor do they know the industry in which Ruixing is located and the business model adopted, but they will stick to the stereotype that this is a China enterprise and a China enterprise with financial fraud as high as 2.2 billion yuan. So how can we judge whether the data of other China enterprises are equally doubtful?


  Based on the principle of information asymmetry, foreign investors will not have a natural trust in China Stock Exchange. On the contrary, China enterprises have to make great efforts to win the favor of investors bit by bit through long-term stable performance level and good corporate governance mechanism. However, Luckin Coffee unscrupulously fabricated a huge transaction amount of up to 2.2 billion yuan, ignoring the law and discipline, and directly sent an extremely negative signal: the credibility of data is insufficient. From good to good, from evil to collapse. The far-reaching impact of "Ruixun Incident" can never be remedied overnight, and the difficulties of China Stock Exchange will only worsen. Even if high-quality enterprises take out powerful third-party forensic materials to endorse and try to prove the authenticity, integrity and effectiveness of their own data, they still need to face the trust stain of "Ruixun Incident".


  At the same time, among the top ten institutional shareholders of Ruixing, there are many famous investment institutions such as Bank of America, UBS and Melvin Capital Management Company. Among the funds with heavy positions in Luckin Coffee, there are also internationally renowned asset management companies such as American Funds and BlackRock. The occurrence of this "Ruixing incident" will seriously affect the trust of investors in top asset management institutions in China’s corporate data, leading to incalculable consequences.


  2. Directly infringe upon the basic rights and interests of stakeholders.


  First, it will directly infringe on the basic rights and interests of employees and consumers. By December 31, 2019, there were 4,507 directly operated stores in Luckin Coffee with tens of thousands of employees. The follow-up progress of the "Ruixing incident" is not optimistic. If it really involves delisting, insolvency or even bankruptcy liquidation, employees will be forced to bear the risk of unemployment at first, and consumers who have prepaid money (such as recharging) will find it more difficult to recover losses. In addition, on the moral and emotional level, Ruixing directly trampled on the trust of employees and consumers, causing bad social impact.


  Second, it will endanger the basic rights and interests of investors. Wind data shows that by the end of 2019, there were 158 institutional investors holding Luckin Coffee shares, with a total of 460 million shares, accounting for 23.93% of institutional shares. At the same time, as shown in Table 1, as of April 8, 2020, the total market value of Ruixing has shrunk from 66 billion yuan at the end of 2019 to 7.84 billion yuan, a cliff-like decrease of 88.12%; The market value of circulation fell to 3 billion yuan, less than one-third of the end of 2019.


企业的品格:从ESG角度分析瑞幸财务造假事件


  Third, the corresponding supply chain enterprises will be hit hard. Luckin Coffee’s supply chain includes Ruixing Baking (Tianjin) Co., Ltd., which was established in May 2019 with a registered capital of 200 million yuan, Swiss coffee maker Shelley and franca, syrup supplier Fabry, dairy supplier Fonterra, coffee raw bean trader Mitsui Products and baking factory Taiwan Province Yuanyou, and Louis Dafu, one of the four major grain merchants. There are a lot of payables in the transaction between suppliers and Ruixing. Judging from the sales scale and the number of stores in Luckin Coffee, there is a risk that the payment cannot be settled in time and comprehensively. "Ruixing incident" not only affects the construction of good supply chain relations, but also directly brings huge financial risks to suppliers. Once Ruixun’s financial fraud event turns into a debt crisis, it will be difficult for suppliers to directly circulate customized equipment and goods in the market (such as Ruixun’s customized coffee machine and product packaging, etc.), which may involve huge economic losses.


  (B) the basic logic of financial fraud in the Ruixing incident


  1. Ruixun’s information disclosure is seriously distorted, and the financial audit mechanism fails.


  From the second quarter to the fourth quarter of 2019, Ruixing executives and some employees forged transactions worth about 2.2 billion yuan. As of April 8, 2020, according to the quarterly financial information of Ruixun in Wind database, the total operating income of Ruixun in the second and third quarters of 2019 was 910 million yuan and 1.54 billion yuan respectively, and the financial report in the fourth quarter has not been released. The market expects the revenue in the fourth quarter of 2019 to be between 2.1 billion and 2.2 billion yuan. Therefore, the proportion of financial fraud is conservatively estimated to be as high as 48.35%.


  Ruixun’s financial fraud method is still in the investigation stage, but according to the five conclusive evidences and six dangerous signals listed in the "fraud" section of the Muddy Water Report, Ruixun’s financial fraud methods may include, but are not limited to: increasing the pick-up number out of thin air by means of "jumping the number of the pick-up code" and blocking the direct correlation between the pick-up code and the daily order volume, thus increasing the online order volume by 72%; Providing free beverage coupons to existing users to invisibly increase the promotion, while falsely claiming that the proportion of free items continues to decline, and the actual sales price has increased by 9% (accounting for the proportion of listed prices); In the third quarter of 2019, the advertising expenditure was exaggerated by 336 million yuan, and there is reason to suspect that it was used for fraudulent income and forged store profits. Ruixing’s financial information disclosure is seriously distorted, and it is difficult to identify it through standardized audit processes and means. Specifically, Muddy Waters Company used a total of 1,510 employees, including 92 full-time employees and 1,418 part-time employees, to visit 981 stores in Luckin Coffee, collect a total of 25,843 shopping receipts, and shoot 11,260 hours of store videos. The time and economic costs are huge, which can never be completed by the basic financial audit mechanism.


  At present, there is no conclusion as to whether Ernst & Young Huaming Certified Public Accountants, which issued the audit report for Ruixing, should bear the responsibility. However, even if the accounting firm has indeed properly fulfilled its expert obligations, the occurrence of the "Ruixing incident" has revealed the natural shortcomings of financial auditing in the face of human fraud and fraud.


  2. Ruixun’s internal control has failed and there are major defects.


  Luckin Coffee’s 2019 prospectus (Form F-1 of the US Securities and Exchange Commission) shows that the audit results of the consolidated financial statements as of December 31, 2018 show that Rui survived two "major defects" in financial and internal control. According to the definition of the standards formulated by the Accounting Oversight Board (PCAOB) of listed companies in the United States, "material defect" refers to a defect or combination of defects in the internal control of financial reports, and there is the possibility that the material misstatement of annual or interim financial statements has not been reasonably and timely prevented or discovered. Ruixing disclosed that it lacked sufficient accounting and financial reporting personnel, necessary knowledge and experience in applying US GAAP and the rules of the Securities and Exchange Commission (SEC), and financial reporting procedures that met US GAAP and the requirements of the Securities and Exchange Commission (SEC).


  Ruixing is a listed Chinese stock company in the United States, which is bound by the Sarbanes-Oxley Act of 2002. Article 404 clearly requires the management to undertake the responsibility of establishing and maintaining a proper internal control structure, and requires listed companies to provide internal control reports and internal control evaluation reports in their annual reports. At present, Ruixing has not disclosed the 2019 financial report and internal control report, but the latest information still cannot confirm that the effectiveness of its internal control has been convincingly improved.


  3. Ruixun’s "investor protection" system is lacking.


  The way of stock pledge financing is to use the securities held as collateral to obtain loans, without the need for management to sell shares directly. However, when the value of pledged shares falls, the lending institution has the right to ask the borrower to provide more cash or collateral, and may ask for compulsory liquidation when the borrower fails to perform. In the face of financial risks, large-scale stock pledge will cause the stock price of the corresponding securities to plummet, which will harm the remaining investors in the market and form a negative cycle, so it is a key negative danger signal for investors. The research report of Muddy Waters shows that the management of Ruixun has mortgaged nearly 50% of its shares as loan collateral (61 million ADS), accounting for 24% of the total shares of Ruixun, even exceeding the total shares (51 million ADS) placed by Ruixun in May 2019 and January 2020, so investors will face serious financial risks.


  Second, the ESG performance level of Luckin Coffee


  (1) Environment (e)


  Ruixing is a new retail professional coffee operator who mainly sells coffee and related drinks, so its production and business operation objects mainly include the whole process of sales and service of coffee drinks. According to the data of American Professional Coffee Association (SCAA), the water polluted by wastewater in the process of coffee water grinding is 40 times as much as that wasted by urban sewers on average. Ruixing has not released a separate social responsibility report, nor has it disclosed its own treatment and recycling methods of sewage and wastewater on the official website. At the same time, the product packaging of coffee catering service industry is also polluted and wasted. As a new retail coffee operator, Ruixing’s take-away service involves more packaging materials than the average catering service. Even if environmental protection kraft paper packaging bags are used, coffee cups still have problems such as degradation and difficulty in direct recycling. At present, there is no direct evidence that it has been punished by the environmental protection department, but the lack of information about the environmental level of Ruixing makes it impossible to carry out relevant environmental assessment, and the real situation is in doubt.


  (2) society (s)


  One of the most important points in Ruixun’s business model and brand proposition is to change the coffee consumption experience with the new retail model. Therefore, Ruixun believes in standardized processes and operating mechanisms more than paying attention to the practical needs of employees, uniting corporate cohesion and shaping common values. Ruixing does not encourage or advocate the communication between employees and customers, but only provides the online purchase method of ordering. With fully automatic coffee machine, each order must be completed within 2 minutes, and the completion process of each preset program needs to be supervised by a special person in the monitoring center. Any illegal operation and delay in operation time will be reflected in the performance evaluation process linked to salary and counted by the digital management system. At the same time, even a number of stores will be arranged in the same community, and there is a competitive situation. On the whole, Ruixun’s social development is not sustainable, and its employees have no sense of belonging and consumers’ loyalty is low, which is directly reflected in the fact that Ruixun still needs to take great efforts to promote sales.


  (C) Corporate Governance (G)


  In terms of organizational structure, Luckin Coffee and Chairman CAR Inc. are both Lu Zhengyao, and its subsidiary, Hydrogen Dynamics Yiwei, reached a strategic cooperation with Luckin Coffee in all-media integration in 2018, involving significant related party transactions. According to the news of Bloomberg on the evening of April 6, Bronstein, Gewirtz & Grossman, a professional class action service agency, announced that it had filed a class action lawsuit against Ruixing and its senior management on behalf of investors, aiming to demand the defendant to compensate for the alleged violation of the Securities Exchange Act of 1934. At the same time, the fourth paragraph of Article 2 of the new Securities Law, which came into effect on March 1, 2020, clearly requires that "securities issuance and trading activities outside People’s Republic of China (PRC) disrupt the market order in People’s Republic of China (PRC) and damage the legitimate rights and interests of domestic investors, they shall be dealt with and investigated for legal responsibility in accordance with the relevant provisions of this Law", and a serious condemnation announcement will be issued for the Ruixing incident, which will resolutely crack down on fraud. Ruixing’s corporate management is bad, its internal control is seriously flawed, and its information disclosure is seriously distorted. The financial fraud of senior executives has involved criminal responsibility including fraud, and it will directly face the early warning risk of delisting.


  Third, the ESG logic behind the Ruixing incident


  (A) the relevance of ESG and financial performance


  ESG integrates environmental, social and governance factors, which can comprehensively reflect the non-financial performance of enterprises and evaluate the long-term sustainable development ability of enterprises. A large number of domestic and foreign literature studies have shown that ESG is related to company valuation, stock returns, financing costs and other factors related to company quality. Cohen et al. (1997) compared the environmental performance and financial performance of manufacturing companies in the S&P500 index, and found that the environmental performance is positively correlated with the intangible assets value of listed companies. This study shows that good environmental performance can increase the valuation of intangible assets of listed companies. In addition to a single environmental factor, Brammer & Millington(2008) discussed the relationship between corporate social performance (CSP) and corporate financial performance (), and found that in the short term, companies with poor CSP performance have better financial performance; But in the long run, companies with good CSP performance have better financial performance.


  In 2018, the Green Finance International Research Institute of Central University of Finance and Economics published two research results, namely, Research on the Correlation between ESG Performance of Listed Companies in China and Corporate Performance, and Research on the Correlation between ESG Performance of Listed Companies in China and Corporate Default Risk, which is also one of the important achievements of the China-UK Green Finance Working Group. It is found that ESG performance in manufacturing industry is positively correlated with the company’s P/B ratio and P/E ratio, while ESG performance is negatively correlated with stock risk, which is particularly significant in manufacturing industry. In terms of ESG and bond default rate, it is found that the higher the ESG level, the lower the probability of corporate bond default or downgrade, and the higher the ESG level, the higher the corporate bond yield.


  At the same time, some scholars suggest that ESG performance has a negative correlation with the company’s downside risks. Koehler and Hespenheide(2013) believe that ESG problems will lead to corporate crises, and those companies that are clearly prepared to deal with ESG shocks can better mitigate short-term and long-term downside risks. Hoepner et al. (2018) found that ESG problems can benefit shareholders by reducing the company’s downside risks.


  (B) ESG is a key indicator to measure the credit quality of enterprises.


  If the financial report maps the current credit ability of the enterprise, then ESG can represent the long-term credit quality of the enterprise. Behind Ruixing’s financial fraud is the lack of ESG performance, which implies the moral responsibility of enterprises. In the case of frequent financial information distortion and financial report fraud, ESG information, as the key motivation information hidden behind the financial performance of enterprises, can make up for the lack of financial indicators and provide investors with evaluation methods and indicators to further understand the overall situation of the company.


  From the specific indicators, environmental indicators can evaluate the green development, environmental compliance and green degree of the whole life cycle of enterprises, which can comprehensively measure the environmental risk and green sustainable development ability of enterprises; Social indicators evaluate the performance of enterprises in public welfare activities and stakeholder protection, measure the degree of responsibility of enterprises from the perspective of stakeholders, and show the operational ability of enterprises from the side; Governance indicators evaluate the organizational structure, investor relations, information transparency, risk management, etc., and carefully consider the corporate governance capacity and long-term sustainable development capacity.


  Fourth, the reference and enlightenment significance of Ruixing incident


  (1) Regulatory body: Establish and improve the ESG information disclosure and verification system of enterprises.


  Basically, in this Ruixun incident, the regulatory authorities need to speed up the construction of ESG information disclosure system, and gradually establish and improve the corresponding auditing system and supporting mechanism. By requiring and guiding enterprises to disclose ESG information, we can help enterprises improve their credit quality and improve the overall quality of Chinese enterprises. At present, there is still a certain gap between the A-share market and the US stock market in the development of ESG information disclosure, and ESG information disclosure has not been completely enforced, which lacks standardization for the performance of listed companies in non-financial indicators. At the same time, although China’s regulatory authorities have increased the regulatory penalties for listed companies in terms of environment and governance in recent years, overall, the cost of violating laws and regulations of enterprises is still lower than that of the US stock market, and the strong binding nature of enterprises’ supervision needs to be further improved.


  In addition, the regulatory authorities should gradually reduce the regulatory barriers in domestic and foreign markets, strengthen the control and supervision of the quality of China Stock Exchange, and strengthen domestic penalties for overseas violations. The new Securities Law, which came into effect on March 1 this year, clearly states that securities issuance and trading activities outside People’s Republic of China (PRC) disrupt the market order in People’s Republic of China (PRC) and damage the legitimate rights and interests of domestic investors, and shall be dealt with and investigated for legal responsibility in accordance with the relevant provisions of this Law. Regarding the Ruixun incident, the statement of China Securities Regulatory Commission on April 3 also stated that the China Securities Regulatory Commission will check the relevant situation in accordance with the relevant arrangements of international securities regulatory cooperation, resolutely crack down on securities fraud and effectively protect the rights and interests of investors.


  (2) Enterprise: issue an ESG consulting rating report reviewed by a third party.


  From the perspective of enterprises, on the one hand, enterprises need to raise awareness of ESG information disclosure and strengthen their own ESG capacity building. Behind the events such as Ruixing in China Stock Exchange, Kangmei and Kangdexin in A-share, the ESG problem of enterprises has been exposed. Only by solving the bad habits of enterprises from the root and improving their credit quality can we avoid the recurrence of such events. On the other hand, enterprises should issue ESG consulting rating reports reviewed by third parties to enhance the credibility of ESG information disclosure data. Enterprises have the motivation to disclose information that is beneficial to them and avoid information that is unfavorable to them, so it is particularly important to issue a credible third-party review of both financial information and ESG information. At the same time, third-party review is also the second constraint on enterprises besides supervision, which can standardize enterprise behavior to a certain extent and enhance the compliance of enterprise information disclosure.


  (C) investors: pay attention to the quality and sustainability of enterprises and avoid speculative business models.


  Investors should also pay more attention to long-term value investment. The strategic mode of short-term investment is short-term and unsustainable. In order to obtain long-term sustainable returns, investors should pay more attention to the internal quality of enterprises and tap the endogenous value of enterprises. By incorporating ESG into the investment strategy, we can not only avoid environmental risks, moral risks and governance risks of enterprises, but also screen out investment targets with strong anti-risk ability and strong self-management ability when systemic risks occur, so as to alleviate the market impact and obtain higher returns. In addition, if more and more investors incorporate ESG information into their investment decisions, they can also close down enterprises to improve ESG performance, thus promoting the high-quality development of the whole market.


  Author:


  Shi Yichen, deputy dean of the International Institute of Green Finance of Central University of Finance and Economics, and dean of the Yangtze River Delta Green Value Investment Institute.


  Yang Chenhui is a researcher at the International Institute of Green Finance of Central University of Finance and Economics, and a researcher at the Yangtze River Delta Green Value Investment Institute.


  Bao Jie is a researcher at the International Institute of Green Finance of Central University of Finance and Economics, and a researcher at the Yangtze River Delta Green Value Investment Institute.


  This article was first published on WeChat WeChat official account: International Research Institute of Green Finance of Central University of Finance and Economics. The content of the article belongs to the author’s personal opinion and does not represent Hexun.com’s position. Investors should operate accordingly, at their own risk.

(Editor: Ma Yan)