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The 2017 Buick Angkewei officially went on sale for 209,900.

    [XCAR new car listed original]

  On September 19th, SAIC-GM announced that the 2017 Buick Angkewei was officially launched. In 2017, Angkewei added three models, namely, the 20T front-drive technology model, the 20T front-drive luxury model and the 28T four-wheel drive leading model. The whole lineup was expanded to 10 models, and the price range was 209,900-349,900 yuan.

 

    After reading the main points, this article is half finished:

    1.2017 Angkewei’s appearance/interior is the same as the current model, but the configuration is upgraded.

    2. The new car is upgraded with Onstar car 4G LTE and a new generation of smart interconnection system supporting AppleCarPlay, and a new agate red appearance color scheme is introduced.

    3. The new car comes standard with ABS+EBD+ESC+TCS system and HSA ramp auxiliary system.

    4. Still equipped with 1.5T and 2.0T engines.

SAIC-GM Buick 2016 Angkewei

SAIC-GM Buick 2016 Angkewei

    The appearance/interior of the 2017 Buick Angkewei is consistent with the current model. The new car is upgraded with Onstar’s in-vehicle 4G LTE and a new generation of smart interconnection system supporting AppleCarPlay, and a new agate red appearance color scheme is introduced to bring consumers more choices of models. In addition, the 2017 Angkewei also comes standard with a wealth of configurations: LED daytime running lights and taillights, keyless entry and one-button start, ANC active noise reduction technology, automatic engine start/stop, full LED ceiling lighting, EPB electronic parking, reversing radar, etc.

SAIC-GM Buick 2016 Angkewei

    In terms of safety configuration, the new car comes standard with ten active safety configurations, including ABS+EBD+ESC+TCS system, HSA ramp auxiliary system, SLSC linear stability control system, BAS braking auxiliary system, CBC corner braking control system, EDC engine resistance moment control system and ROM rollover induction system. At the same time, it is equipped with ACC adaptive cruise, LKA lane keeping, FDI distance warning, FCA front collision warning, CMB collision mitigation and RCTA parking warning.

SAIC-GM Buick 2016 Angkewei

    In terms of power, the new car is still equipped with 1.5T and 2.0T engines, with maximum power of 124kW and 191kW respectively and peak torque of 250Nm and 353Nm respectively. The transmission is matched with 7-speed dual clutch and 6-speed automatic manual transmission.

    Editor’s comment:Recently, GM has upgraded its models one after another, and most of them are upgraded in configuration, and the cost performance is further improved, which is expected to continue Angkewei’s outstanding performance in sales.

Related content review:

Or sell 209,900 to expose the new Angkor real car/configuration.

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Ten Advice on Buying Guangzhou Automobile Aian

1. Cheap interior materials

In fact, the interior of the models sold by Guangzhou Automobile Aian has a sense of design, but in fact, the materials used are mainly hard plastics, and the impression is relatively cheap. Compared with many competitors, there is still a clear gap in the materials used for interior decoration.

2. The design is too hard.

Many young consumers think that the appearance of Guangzhou Automobile Aian model is very fashionable, but for the middle-aged main consumer groups whose acceptance is not strong enough, the appearance of Guangzhou Automobile Aian model is a bit too radical, too tough and lacks personality. Sense of stability.

3. The dynamic performance is average

The acceleration time of Guangzhou Automobile AIONY, AIONS, AIONV and AIONLX with a starting price of nearly 300,000 yuan is about 8 seconds. When the model runs at high speed, there will be insufficient power.

4. Poor comfort

Except for the flagship model of Guangzhou Automobile Aian LX, the performance of other Aian models in terms of comfort is not ideal. Chassis suspension can not provide good cushioning performance. During daily driving, people in the car can feel a clear sense of the road. When driving through speed bumps or potholes, the car body will have obvious vibration and bumps, and the ride comfort is not good.

5. loud noise

The tires of Guangzhou Automobile Aian model are quite picky. Tire noise is particularly obvious when driving on asphalt roads. In addition, the sound insulation effect of each model is relatively general, so obvious tire noise and road noise will be produced when the vehicle is driving daily. Wind noise.

6. Low brand awareness

Although GAC Toyota and GAC Honda have made GAC’s reputation a household name, the recognition of two independent brands of GAC Chuanqi and Ai ‘an in the market is relatively low. In addition, the image of Guangzhou Automobile Aian’s network car is deeply rooted in people’s hearts, so Guangzhou Automobile Aian has always been a relatively low-end brand in the eyes of many people.

7. Low configuration

By comparing the configurations of various models of Guangzhou Automobile Yidong with competing products of the same level and price, we can find 360 panoramic images, reversing radar, L2-class assisted driving, keyless entry, and electric adjustment of the co-driver. Safety is only available for high-profile models, while competing products of other brands are basically standard.

8. No spare tire

All models sold by Guangzhou Automobile Aian have no spare tires, only tire repair tools. Although it is possible to add money and spare tires, such an approach will appear insincere in the eyes of consumers, because in most people’s cognition, the spare tires of cars are standard.

9. The service quality of the store cannot be guaranteed.

As GAC Aian, like BYD, mainly operates as an authorized dealer, it is difficult to guarantee the service quality of all 4S shop dealers. Not good.

10. There is a strong smell in the room

Because the interior materials of other models is mainly made of plastic except flagship models such as Aian LX, the interior of the new car will have a strong odor, and after being exposed to the sun, the car will also have a strong odor. Smell. Smell, difficult to remove.

These are the reasons why GAC Aian is not so popular. Although GAC has the experience and foundation of joint ventures such as GAC Toyota and GAC Honda, GAC Aian still has a long way to go in terms of its own brands. This means that the brand still has a lot of room for improvement.

AIONY

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Talent Strategy Behind China Super Project

Photo network _500421607_banner.jpg

Editor’s Note: This article is reproduced by Zhu Xingyu and Entrepreneurial State with authorization.

"Why can’t our school always produce outstanding talents?"

Before he went abroad to study in 1935, Qian Xuesen received a synchronized education in China with the United States. The middle school is studying in the middle school affiliated to Beijing Normal University. President Lin Liru advocates educational reform and inspires students’ interest and consciousness. Students can enter the chemistry laboratory to do experiments at any time, and soak in the library to talk with their classmates about the frontier theory of relativity and Lenin’s revolutionary feat.

When Qian Xuesen graduated from high school, he had already studied science as a sophomore.

Qian Xuesen University studied in Shanghai headquarters of Jiaotong University. Its predecessor was Nanyang College. When it was founded, it was fully benchmarked against the Massachusetts Institute of Technology, known as "Oriental MIT". Due to the integration of courses, Qian Xuesen had already studied the postgraduate courses at MIT when he was an undergraduate, and got his master’s degree one year after coming to MIT.

After studying at MIT, Qian Xuesen felt that the undergraduate teaching of Jiaotong University is the world’s advanced level.

In 2005, Qian Lao said with emotion: "None of the students who have been trained for so many years have achieved academic achievements that can be compared with the masters trained during the Republic of China." Qian Lao asked again, "Why can’t our school always cultivate outstanding talents?"

In the Republic of China, where the illiteracy rate is 90%, the industrial base is weak, and politics is chaotic, Chen Shengshen, who started the school of global differential geometry, came out and put forward Yang Zhenning and Li Zhengdao, whose parity is not conserved. The invention of theorem proving method gave birth to the Wang Hao of theoretical computer science … Why can’t the emerging talents catch up with the masters trained in the Republic of China in the new era?

Qian Xuesen

"If you don’t know what the most advanced ship looks like, how can you build the best ship?"

Shi Yigong, a structural biologist, gave an excited speech at the seminar on talent introduction plan. Just two years after the talent introduction program started in 2008, 326 overseas talents were attracted back to China, including Yao Qizhi, the first Chinese Turing Award winner, and famous biologists Shi Yigong and Rao Yi. However, "there are few first-class talents, but there are many second-and third-rate talents", which has aroused social discussion.

As the representative of the first batch of talents introduced, Shi Yigong firmly supports the talent introduction plan.

"Maybe I was too deeply influenced by the thought of’ born in sorrow and died in happiness’, and I was often worried. I was worried when I reported that China was not as good as abroad. "

Shi Yigong’s worry lies in China’s backwardness in the field of science. "In the high-end research results of life sciences from 2001 to 2006, the gap between Chinese in China and the United States is about 1:10, and Chinese account for about 10%~20% of the United States. On the whole, the high-end research results of life sciences in China are 1%~2% of those in the United States."

Shi Yigong’s conclusion is that "our country is still very backward in many places, so it is necessary to introduce high-end talents". The sustainable development of China in the future must depend on the talents cultivated by itself, but how can you build the best ship if you don’t know what the most advanced ship looks like?

"I’m Chen Lijie, and I want to be a theoretical computer scientist!"

Chen Lijie, a senior student from Yao Ban, Tsinghua, gave a speech on the defense field of the 2016 Tsinghua Undergraduate Special Scholarship, which aroused cheers and prolonged applause from the audience. Chen Lijie, who won the International Informatics Olympiad and was sent to Yao Ban, Tsinghua, has been interested in academics since his freshman year. During his junior year, he became the first China undergraduate to present a paper at the annual meeting of Basic Computer Science.

Chen Lijie said, I feel extremely honored to be born in such a golden age. I dream that I can become a wave in the tide of the golden age and contribute to the wisdom of mankind.

Chen Lijie was born in Yao Ban, Tsinghua, and his immediate seniors include Lou Tiancheng, the famous "building leader", Tang Wenbin, Yinqi and Yang Mu. The former founded Pony.ai, an artificial intelligence travel company, and the latter three are the founders of artificial intelligence unicorn contempt technology. Pony.ai and Defiance Technology, together with the Fourth Paradigm and Etu Technology from ACM class of Shanghai Jiaotong University, occupy half of the world’s artificial intelligence unicorns.

The questions and worries of the first two generations of well-known scientific research talents have gradually been answered in the practice of the new generation of China students. Just like the Jet Lab during the Cold War, Apollo Project and ARPA, the originator of the global Internet, behind the super-projects of these big countries, there are large-scale talent strategies, which bring about technological breakthroughs and then form a golden age of the industry.

Hundreds of millions, all starting from one. Behind the breakthroughs in China’s super projects and national core industries, these leading figures are also closely related to the country’s talent strategy:

Qian Xuesen and "Two Bombs Plan" and "581 Plan";

Shi Yigong and the "Thousand Talents Program";

Chen Lijie, ACM class and Yao Ban’s corresponding "Everest Plan".

A person’s destiny depends on self-struggle, and also takes into account the historical journey.

In 1934, Xueba Qian Xuesen graduated from the Railway Engineering Department of Jiaotong University, and the average score of four years is almost full today. However, he didn’t do well in the exam for public students studying in the United States in August of that year, and he failed in mathematics. Fortunately, he got a high score of 87 points in the course of "Aeronautical Engineering". Professor Ye Qisun of Tsinghua decided to make an exception and Qian Xuesen went to MIT for further study.

After getting his master’s degree in one year, Qian Xuesen joined Professor Von Carmen of California Institute of Technology to study aviation theory, and soon stood out as an authoritative expert in the field of aerodynamics.

Qian Xuesen’s achievements in the United States, in addition to personal efforts, also benefited from the establishment of the "Geng-style study abroad" mechanism, but also benefited from the surging wave of the times in the field of basic scientific research in the United States.

Before 1933, Germany was a well-deserved world science center. At that time, the textbooks of basic science in most countries were German, which was the official language of the world. Even after the defeat of World War I in 1919, German science maintained the highest level in the world, and both relativity and quantum mechanics originated here. In the same period, the United States was in the forefront of the world in applied technology, but its research in basic science was only second-rate.

Before 1933, Germany had 32 Nobel Prize winners, while the United States had only five, and the results were also biased towards the application level.

The change took place in 1933. On April 7th, the Nazis promulgated the Law on Resetting Public Officials, announcing that "communist party, Marxists and people of non-Aryan descent will be dismissed". When a large number of scientists were dismissed, all German universities expressed their collective loyalty to the Nazi government on April 22, and wrote in the Confession: "The sunshine of this nation once again illuminates itself …".

By the beginning of 1938, the number of Jewish scientists expelled had reached 1,800, and the loss of German university teachers reached 39%, among which Einstein, thomas mann, Gustav Hertz and other famous scientists were listed.

With the active operation of American University Aid Committee, Foreign Exile Aid Committee and Rockefeller Foundation, thousands of scientists have been resettled in the United States, and as many as 77% of the 1,400 exiled scientists from Germany and Austria have been accepted by the United States. These exiled scientists brought six Nobel Prize winners, represented by Einstein, and 11 new Nobel Prize winners to the United States. They became the founders of almost all new scientific traditions in the United States and established the outstanding position of the United States in mathematics, physics, chemistry, biology and other disciplines.

Qian Xuesen’s mentor, von Carmen, was a Jewish scientist who went to the United States under the influence of the Nazis. After he went to the United States, he initiated aerodynamic research at California Institute of Technology. Qian Xuesen came to von Carmen’s company in 1936, and soon stood out as Carmen’s favorite student. He gradually became an assistant from a student, and later became a close collaborator in the field of aerodynamics, and jointly published a "pressure correction formula" called "Qian-Carmen formula" by academic circles.

During the Second World War, the United States and the Soviet Union also targeted German applied technical talents such as rockets and atomic energy. During the Yalta Conference in February, 1945, Stalin flatly rejected zhukov’s proposal to March into Berlin, demanding to change the route of March, hoping to include the German missile research base Peminende first.

Not to be outdone, the United States sent an investigation team composed of top American missile experts represented by von Carmen and Qian Xuesen to Germany to investigate the development of rocket technology in Germany. With the approval of President Roosevelt, the "Operation Paperclip", which introduced German experts, was put into practice, and the speed of searching and detaining German scientists began to accelerate, and wernher von braun, the core figure of V-2 missile research and development, was secretly established.

In February, 1945, wernher von braun led a design team of 525 people and accumulated important research materials of missile research for 13 years to the American-occupied area, and the US military transported the equipment that could be taken away to the United States, and destroyed the equipment that could not be taken away. On May 27th, when Soviet troops arrived, they were disappointed to find rubbish everywhere. When Stalin learned the news, he was extremely disappointed and furious: "We defeated the Nazis and occupied Berlin and Penemende, but the Americans did take away German rocket experts here. What could be more humiliating and unforgivable?"

At this time, Qian Xuesen received the rank of Colonel of the US Air Force, personally participated in the inquiry of German rocket expert wernher von braun in Germany, inspected the top-secret Goering Institute of Aerodynamics and wind tunnels in other places hidden in the pine forest and wrote a report, and also interrogated ludwig prandtl, the granddaddy of aerodynamics, together with his mentor von Carmen.

After the war, 642 German experts were introduced into the "paper clip" talent input program in the United States. Different from the Jewish intellectual refugees’ focus on basic scientific research, the German rocket scientists’ focus on applied science has effectively supplemented the missing part of their predecessors in the field of scientific research and filled the gap in the United States. Wernher von braun later invented the Saturn series of launch vehicles in the United States and sent 12 men to the moon in the Apollo program.

The United States is an immigrant country, attracting outstanding talents from all over the world through a good political system and culture, but the supply chain of talents in the United States was cut off during World War II. On the one hand, the boom of World War II made the immigration tide that lasted for a hundred years fall to the bottom, which was the least period of immigration in the United States since 1820. On the other hand, the number of American troops has soared 26 times, which has seriously consumed the number of students enrolled in universities.

In view of the "talent deficit" problem, the American government began to speed up talent training:

  • Promulgated the Military Rights Act of 1944 to provide university education for veterans, and 4 million veterans have successively completed undergraduate or postgraduate education;

  • Establish a scholarship system to attract college students to study science and engineering majors, "equate national security with the training of physicists", and the number of graduates majoring in science and engineering has reached a new high;

  • The Eisenhower Administration pushed Congress to promulgate the National Defense Education Act of 1958, which clarified the relationship between national defense and education, established education as the focus of national defense, and a large amount of funds flowed into American colleges and universities, which expanded rapidly.

Benefiting from the influx of German talents and the shortage of talents after the war, the United States established a "dual-track" talent attraction system by adjusting its immigration law in 1952:

  • Permanent immigration: the annual quota, the first priority principle is that 50% of the quota is used to attract foreign talents, and the other three principles stipulate that the other 50% is used for the reunion of American citizens and legal aliens with their foreign relatives. Those who apply for the first priority principle must have "higher education, technical training experience, professional experience or special talents, and their services are urgently needed by the United States";

  • Non-immigrant visas: A temporary worker (H visa) program will be established, in which H-1 visas will be issued to professionals with outstanding talents, H-2 visas will be issued to skilled and unskilled workers who are in short supply in the United States, and H-3 visas will be issued to foreign workers who receive technical training in the United States.

Attracting foreign talents has become the strategic goal of American immigration policy, and the temporary science and technology labor program marked by H visa is "short, flat and fast", and the government can increase or decrease the number of people according to the economic and political situation, so the H-1B visa that countless engineers are eager for has started.

So far, the United States has formed a training system of education and scientific research based on colleges and universities internally, and established a dual-track talent attraction structure externally. The United States, which has formed a perfect talent system, has made sufficient institutional preparations for the talent war around the outbreak of the Cold War.

In 1949, millions of heroes crossed the river, and the Republic was established on this land that was in great need of development. In 1950, Hua Luogeng returned from the United States and published the famous "Open Letter to Students Studying in the United States" on the eve of passing through the Luohu Port: "Friends, although Liangyuan is good, it is not a land of long residence! In order to choose the truth, we should go back; For the sake of the nation, we should go back, and for the sake of serving the people, we should also go back; Establish our working foundation and strive for the construction and development of our great motherland! "

This letter touched Qian Xuesen, who worked in the United States for 15 years. As early as 1939, after completing his doctoral studies, he wanted to return to China. He was persuaded by his tutor von Carmen and stayed in the United States for 11 years. During these 11 years, he became an authority in the rocket field, an expert in the scientific advisory group of the US Department of Defense, received the title of Colonel of the US Army and was free to enter and leave the Pentagon.

As we all know, Qian Xuesen was detained by the Immigration Bureau on the eve of preparing to return to China, and then began to live under house arrest in the United States for five years. In the same period, the US government will lose the government funds of the Republic of China to support the forced immigration of 3,400 China students stranded in the United States, and attract more than 20,000 intellectuals of the Republic of China, including Zhang Ailing, to immigrate to the United States by supporting public welfare organizations and non-governmental organizations to operate in Hong Kong and Macao.

On February 26th, 1955, the Chinese People’s Liberation Army liberated all the coastal islands in Zhejiang, and the US Congress passed the US-Taiwan Joint Defense Treaty urgently, stating that they had the right to use atomic bombs when the Taiwan Province Strait was threatened. On March 16, US President Eisenhower declared in a televised speech that "nuclear weapons are not only strategic weapons, but also can be used for tactical purposes." , to carry out naked nuclear blackmail on China with non-nuclear capability at that time.

Chairman Mao asked Premier Zhou: "What are our talents in the development of atomic bombs and missiles?"

Premier Zhou replied: "We have the talent advantage in this field. Qian Sanqiang worked with Nobel Prize winner Madame Curie … Professor Qian Xuesen, a missile expert who worked under Dr. Von Carmen, the’ father of rockets’ in the United States, is trying to get him to return to China as soon as possible through various channels …"

On October 8, 1955, Qian Xuesen arrived at Luohu Bridge in Shenzhen, together with nuclear physicists Li Zhengwu and Professor Sun Xiang. Prior to this, 1,424 Chinese who studied and worked overseas returned to China, and they became the backbone of the construction of this ancient and young country. Among the first 172 academicians of China Academy of Sciences in 1955, 158 were returned talents, which played an important role in the construction of industrial system and basic scientific research system in China.

Since then, Qian Xuesen has devoted himself to the research and development of the "two bombs" in China. The connotation of the two bombs has also changed from the initial missile and atomic bomb to the later atomic bomb and hydrogen bomb. In October 1957, after the Soviet Union launched its first satellite, Qian Xuesen led the "581 Project" and "651 Project" of China Satellite successively.

On October 16th, 1964, at 3pm sharp, China’s first atomic bomb exploded successfully, and nuclear blackmail became a term in history.

From 1966 to 1977, the talent system in China collapsed, and the college entrance examination was stagnant for 10 years. In 1977, the chief designer who had just returned presided over a discussion and made a decision to resume the college entrance examination that year. 5.7 million candidates entered the college entrance examination room, and the fate of 270,000 people changed from then on.

With the strong support of the chief designer who had studied in France, the system of studying abroad began to recover. In 1978, the first batch of 52 overseas students were sent abroad at public expense. In 1981, the door to studying abroad at their own expense was officially opened, and the first TOEFL test was held in the mainland. The policy of "supporting studying abroad, encouraging returning home and coming and going freely" was set, and the number of students studying at their own expense exceeded 100,000 in the second year. The chief designer pointed out: "there should be thousands of factions, not just ten or eight."

After a long period of mental depression, young people are greedy for the outside air.

In 1986, Tsinghua’s Zhang Chaoyang won the Li Zhengdao Scholarship, and stood out from 700 top students, becoming one of 100 lucky ones. In the same year, Yan Yan, Xiong Xiaoge and Zhang Yaqin went to the United States. In 1987, Xu Xiaoping first went to the United States and then went to Canada to wash dishes for a long time.

In 1993, Peking Man in new york was popular all over the country: "If you love him, send him to new york, because it is heaven;" If you hate him, send him to new york, because it is hell. "

The huge environmental gap makes few people want to come back. In the 30 years since international students opened the floodgates, only a quarter of them have returned to China. Shi Yigong once mentioned in his speech: Of the 2,251 undergraduates in Tsinghua, 16,700 went to the United States after graduation. Most of them are still in the United States now, but few of them stand out, and contentment is a very big problem.

Shi Yigong’s Ph.D. study in the United States was very painful, and he often failed. However, after the postdoctoral research began, Shi Yigong found that his interest in biology gradually grew, and he quickly made achievements in X-ray crystallography to dissect protein structures. In 1998, Shi Yigong became an assistant professor in the Department of Molecular Biology of Princeton University, and soon became the youngest full-time professor since the establishment of the Department.

Like many people, Shi Yigong originally imagined that the United States was a beautiful, free and democratic country, but in real life, he began to realize the gap between imagination and reality. In 1995, Shi Yigong, who graduated with a doctor’s degree, had the idea of returning to China, but the problem was that there was no matching research environment in China, and he might only be an English teacher, a tour guide or even a taxi driver.

In the United States during the Cold War, national defense was deeply bound up with education and scientific research. Of the huge annual defense funds, more than 11% directly flowed into scientific research in related fields, and 30% of the equipment procurement expenses flowed into Boeing in Seattle, IBM, Hewlett-Packard and Lockheed in Silicon Valley. The spillover of military demand created two science and technology industrial centers, which brought CPU, computer and the subsequent Internet era to the United States.

In the same period of China, economic construction became the absolute center. At the meeting, the chief designer asked the troops to "be patient for a few years", that is, to cut down a lot to save military expenses and support national construction. In order to introduce technology and construction funds and technology, the market-for-technology initiative was implemented, which promoted market growth and brought about the stagnation of localization.

The country’s scientific and technological foundation is indeed very weak. In the 10 years since 1992, the first prize of the National Natural Science Award and the National Technological Invention Award, which were selected every year, fell into an embarrassing situation. The former was only awarded twice in the 10 years, and the academicians Feng Kang and Qin Renchang who won the prize both passed away. The latter was sent three times in 10 years. The founding fathers of "two bombs and one satellite" have all won the honor, but no one can keep up with it. When the self-developed ARJ21 aircraft project was launched in 2002, the designers were either old people in their fifties and sixties, and the rest were young people in their twenties. One generation disappeared.

In China during this period, the scale of high-level scientific research talents was insufficient and the age was unbalanced. In 1992, the average age of research institutes of Chinese Academy of Sciences was 53 years old, and the proportion of university professors over 56 years old in China reached an astonishing 80%, which needed fresh blood urgently. The Chinese Academy of Sciences, the Ministry of Personnel and Education have successively led the "National Jieqing Fund", the "100 Million Project" and the "Changjiang Scholars" program. However, due to the lack of basic environment, the mobilization efforts and achievements are very limited. "There are less than 10 candidates for Changjiang scholars to meet the threshold, which is very obvious compared with hundreds of overseas universities."

After China joined the WTO at the end of 2001, the problem of brain drain in China became more prominent. Since 2000, the number of Chinese students returning to China has gradually declined. By 2004, only 20.9% of them chose to return to China. New Oriental, an English training institution for studying abroad, has become a sacred place in everyone’s heart, and Yu Minhong has been compared to "Moses" in the new era.

What we lose is what we gain. We have exchanged the demographic dividend and the market for the soaring economy, and the GDP has maintained an average annual growth of nearly 10% in the past 20 years. In 1990, China’s economic volume accounted for 1.82% of the world’s total, which increased to 3.69% in 2000, and in 2010, China’s share reached 9.36%. Today, the proportion is 16%, and that of the United States is 24%.

In October 1999, as an outstanding young Chinese expert in the United States, Li Yanhong was invited to return to China to attend the National Day ceremony of the 50th anniversary of the founding of the People’s Republic of China. He was deeply impressed by the advertisements on the websites in the streets. At this time, the pattern of foreign technology dominating the world made him feel the opportunity to start a business. On January 1, 2000, Baidu began to work in Peking University Resource Hotel.

"Historical upheaval is taking place in the motherland". In 2007, Rao Yi, who had been a tenured professor at Northwest University, returned to China. After being applied as the president of Peking University Academy of Life Sciences, he decided that "instead of criticizing overseas, he might as well go back to China to practice".

Encouraged by Rao Yi, Shi Yigong also resigned as a tenured professor at Princeton and returned to teach in the Department of Biology in Tsinghua University: "I hope to come back when I am in my prime and work for the health of the motherland for at least 30 years."

After China’s entry into WTO, the severe talent situation in China has attracted the attention of policy makers. In the Outline of the National Talent Team Construction Plan for 2002-2005, the strategy of "strengthening the country through talents" was put forward for the first time. Later, as one of the basic strategies, strengthening the country through talents was written into party constitution and the report of the 17th National Congress. The rapidly growing economy has become a solid backing and guarantee for the strategic landing.

China’s talent strategy has entered the fast lane of top-level design.

In December 2008, the implementation plan of "Thousand Talents Plan" was issued under the planning of the coordination group for talent work. This is the first talent program coordinated by the central government and implemented by dozens of ministries and commissions, aiming to attract scientific experts who are at the forefront of international research, master core key technologies or have patents.

In 2008, Shi Yigong, Rao Yi and 122 experts, including Turing Prize winner Yao Qizhi who returned to China earlier, were selected into the first batch of talent introduction plans. Up to now, the talent introduction plan has introduced more than 7,000 high-level talents in 13 batches. The leader of the Central Group said: "If there are 1,000 truly useful leading talents among these 10,000 people, it will be great."

The new generation of leaders ensured the continuity of the talent project policy. In his speech at the celebration meeting of the centenary of the founding of the European and American Alumni Association, the General Secretary clearly stated that he would vigorously promote the talent plan and called on "overseas students to integrate their dreams into the Chinese dream", and the central policy of studying abroad, which lasted for decades, was extended and expanded, adding "playing a role".

The "Thousand Talents Program" and the "Young Thousand Talents Program" emerged the basic research achievements such as quantum communication and protein three-dimensional structure, and the application breakthroughs such as OLED screen, Alibaba Cloud, commercial aircraft and algorithm recommendation also began to affect our lives. Breakthroughs in chip packaging, manufacturing and design became the prerequisite for the strategy of manufacturing a powerful country later.

As benchmarking figures, Shi Yigong and Rao Yi have also begun to explore and make efforts for the reform of China’s science and technology system and the frontier research of science and technology.

In 2011, Shi Yigong and Rao Yi, the deans of Tsinghua University and Peking University College of Life Sciences respectively, took the lead in setting up the Tsinghua-Peking University Joint Center for Life Sciences with the support of the Ministry of Education, which became a pioneer pilot in the reform of scientific research and education system: introducing the internationally accepted Tenuer Track system, and "leaving after six years of employment"; Reform the personnel system, separate practice from administration, and professors will enjoy higher autonomy in teaching and scientific research.

The emergence of Life Joint Center has made Tsinghua Peking University’s scientific research ability in the field of life sciences become well-known in China, and world-class young scientists such as Yan Ning, Chai Jijie, Wu Jiawei, Wang Hongwei and Yang Maojun have emerged one after another. Before 2009, only one article was published in the two top journals of Science and Nature in Tsinghua, and more than 70 articles were published in the following eight or nine years.

In 2018, Shi Yigong resigned as the vice-president of Tsinghua University and devoted himself to the establishment of the research university West Lake University. West Lake University is Shi Yigong’s solution to "Qian Xuesen’s question": small but precise, with a high starting point and a priority subject. At the beginning of its establishment, it focused on cultivating doctoral students and top-notch innovative talents, with the goal of benchmarking the well-known research university California Institute of Technology fifteen years later. Among the founding donors, there are Ma Huateng, Wang Jianlin and others.

On the historical tide of going out and returning, people who grasp the trend most accurately have begun to create the future trend.

"Why can’t we win the championship? "

In 2000, at the International ACM Programming Finals held in Orlando, USA, Lin Chenxi of Shanghai Jiaotong University watched three players from St. Petersburg State University win the championship trophy. This is the fifth year that Shanghai Jiaotong University participated in the international ACM competition, and Lin Chenxi led the team to achieve the best result in history: the seventh place in the world.

Lin Chenxi, who won a bronze medal, was not reconciled.

ACM International Programming Competition for College Students has been held since 1970, and it is called "Olympics in Computer Field". ACM competition takes the school as the unit, and three people work together to solve dozens of complex programming problems in five hours, which not only examines students’ programming ability, creativity and teamwork ability, but also serves as a window for world-class universities to show their educational achievements.

Unwilling to think about it, Lin Chenxi, a junior, decided to apply to coach Yu Yong to repeat the grade and transfer to the computer department: "It’s not that we can’t do it, but that we dare not think about it." In order to win, Lin Chenxi maintained the training rhythm from 9 am to 2 am every day for the next two years, excavated potential Lu Jing and Zhou Jian from the newcomers, and formed a world-class team. They refused to sparring and only fought with themselves. "The team that wants to win the championship has no sparring."

In March, 2002, Lin Chenxi led a team to win the ACM Finals, becoming the first Asian team to win the championship. They won the highest prize. When the returning plane landed, Xie Shengwu, president of Jiaotong University, personally greeted them at the airport with flowers. Lin Chenxi recalled that he was "frightened at that time".

Professor Yu Yong, who led the team, knew that it was time to establish a mechanism to train computer scientists and industry leaders. "The other abilities of this competition assessment are not available in the classroom. It seems that we only teach hard things, but we can’t compete with others. No one emphasizes the soft skills of communication, expression and cooperation. "

On April 26, Jiaotong University won the championship. On June 16, Professor Yu Yong submitted an application to the school to set up a computer experimental class. Two days later, he received an approval. In September, ACM class of Jiaotong University began to enroll students.

In the same year, another key meeting took place in Beijing. The only Chinese professor Yao Qizhi who won the Turing Award, known as the Nobel Prize in Computer Science, visited Tsinghua. At the strong invitation of Professor Yang Zhenning, Professor Yao Qizhi resigned as a tenured faculty member of Princeton University in 2004 and came to teach in Tsinghua University.

After Yao Qizhi came to Tsinghua, he wanted to recruit several graduate students, but after the best students were recruited, they found that "the foundation is not enough, and a lot of knowledge that should be known is unknown". From students to research, it takes a long time to change their thinking and mentality. Yao Qizhi thought that we must start with undergraduates and train first-class undergraduates, so as to train first-class doctoral students and first-class researchers.

In 2005, the computer science experimental class was established. This undergraduate class, called "Yao Ban", was personally developed by Yao Qizhi and the teaching plan was written. Yao Qizhi lectures on the course "Theoretical Computer Science", which takes undergraduates for four hours every week.

ACM class and Yao Ban are very similar in training methods:

  • Strengthen the guidance for students to engage in computer research in the direction;

  • In terms of teachers, we should break through the school barriers and introduce a large proportion of visiting professors to teach, and try our best to find whoever speaks well;

  • Freshmen and sophomores place special emphasis on basic courses, such as mathematical analysis and linear algebra;

  • After junior year, he entered the laboratory very early and engaged in scientific research;

  • Attach importance to bilingual education, and all courses in Yao Ban are taught in English;

  • Attaching importance to internship and communication, junior students of the first ACM class collectively went to Microsoft Research Institute for internship, and half of the students in Yao Ban had the opportunity to exchange abroad.

With the implementation of talent programs such as Thousand Talents Program and Youth Thousand Talents Program, outstanding young talents begin to return, and outstanding undergraduates can have access to top research and have top knowledge.

Dai Wenyuan, Lou Tiancheng, Tang Wenbin, Yinqi, Yang Mu … The founders of these enterprises, who occupy half of the world’s AI unicorns, are all from ACM class and Yao Ban, while Rong Rong, Chen Danqi, Zhao Shuang, Kelly Y Zhou, Bei Xiaohui and others have also begun to make breakthroughs and achievements in the frontier research field of computers, expanding the boundary of human cognition to the unknown mystery.

In 2009, ministries and commissions such as education, China Central Committee, and finance organized and implemented the "Experimental Plan for Training Top Students in Basic Subjects", also known as the "Everest Plan", aiming at attracting the best students to join in basic scientific research and exploring various modes to train famous talents. Class ACM and Yao Ban became pioneers and models of "Everest Plan", which pointed out the way for later changes.

The Landing of "Everest Plan" in Colleges and Universities (Part)

In 2009, Tsinghua University launched the "Tsinghua School Talent Training Plan" and established six Tsinghua school classes, namely, Tsinghua School Mathematics Class, Physics Class, Chemistry Class, Life Science Class, Computer Science Experiment Class and Qian Xuesen Mechanics Class. Second enrollment, independent training, and well-known resources, life science class led by Shi Yigong and "Yao Ban" led by Yao Qizhi were included. As a special teaching place, Tsinghua School, the oldest building in Tsinghua, can be selected as a favored child bearing the glory of history.

In 2010, Zhiyuan College of Shanghai Jiaotong University was officially listed, and ACM class was included in the computer science direction of Zhiyuan College. Zhiyuan College has become the top-notch innovative talent training base and "experimental special zone" of Jiaotong University, providing the best university education for outstanding talents and training well-known students with the strength of the whole school. "Zhiyuan honor plan" has become the goal of Jiaotong University students.

In 2010, the Qiushi Science Class of Zhejiang University was established and incorporated into Zhu Kezhen College. The overall adjustment of the college was to be a science class, a mixed class and an experimental class of humanities and social sciences. Zhu Kezhen College has become an honorary college of Zhejiang University to implement "special training" for outstanding undergraduate students.

In 2011, the "Everest Plan" was included in the sub-plan of the National Youth Talents Development Plan, and was included in the scope of the talent work coordination group together with the "Ten Thousand Talents Plan" and the earlier "Thousand Talents Plan", which became an important part of the national talent strategy.

Talent plan led by the central coordination group for talent work

The industrial foundation laid by Qian Xuesen, the practical spirit of Shi Yigong, and the top-level design of the national strategy have gathered together at this moment, paving the way for the sea of stars in Chen Lijie.

Kai-fu Lee once recalled that when he founded Microsoft Research Asia in 1998, he hired the first batch of fresh graduates as researchers. "No one passed the test.". In 2011, JohnHopcroft, winner of Turing Prize, once commented on Yao Ban: "Yao Ban has the best undergraduate students and the best undergraduate education in the world." For this evaluation, Yao Qizhi confidently believes that it is well deserved.

Young people from ACM class and Yao Ban, and from "Everest Plan", stood at a new height and began to break through in the technical field.

Lin Chenxi, who completed her dream of winning the championship, became the teaching assistant of the first ACM class, and trained the next generation of champions in the ACM class. After graduation, she went to work in Microsoft Asia Research Institute and worked under Wang Jian, then the executive vice president. In 2008, they moved to Alibaba together, struggled in the arduous battle of cloud computing for four years, and completed Feitian’s large-scale cloud computing operating system.

Lin Chenxi, who "feels like a lifetime", founded Etu Technology with his high school classmate Leo Zhu in 12 years and started his business in the field of artificial intelligence. During the G20 period, the Ningbo Municipal Government arranged 10 cameras equipped with map-based capabilities in subway stations at key sections, and arrested 9 fugitives in three weeks.

Dai Wenyuan, who became a member of the first ACM class, inherited from Lin Chenxi, a senior, and won the second international ACM championship trophy in his junior year. Because I went out to participate in the competition, when I chose the research direction in my junior year, only the artificial intelligence direction that was "not hot at all" was left to choose. At that time, when artificial intelligence was unpopular, the tutor Professor Yang Qiang and Dai Wenyuan insisted on this direction.

In 2008, Dai Wenyuan realized the powerful contribution of data to artificial intelligence. In 2009, he gave up the opportunity to study PhD and joined Baidu. Together with Chen Yuqiang, who was an intern at that time, he built a commercial deep learning system-Baidu’s "Fengchao" advertising system. As a result, Baidu’s liquidity was improved by 800%, and Dai Wenyuan was promoted to be the youngest T10 scientist in Baidu. In 2015, Dai Wenyuan and Chen Yuqiang founded the fourth paradigm, hoping to make AI for Everyone in the stage of AI industrialization.

Lou Tiancheng, two grades younger than Dai Wenyuan, entered the first Yao Ban. During his school days, he toured all major competitions and lists at home and abroad, and was honored as the "building leader": the gold medal in the International Informatics Olympic Competition, the champion of the two-time Baidu Star Competition, the first TopCoder in China, the ACM international gold medal, and the champion of the Google Programming Challenge … He joined Google after graduating from Ph.D. in 2012, and later joined the Baidu unmanned vehicle team in Andrew Ng after a short stay in Quaro. At that time, Andrew Ng praised him on FB. In 2016, Lou Tiancheng, as a co-founder, founded Pony.ai, an artificial intelligence company, and helped a group of younger brothers and sisters in Yao Ban to cultivate unmanned driving.

Chen Shixi of Fudan, Lou Tiancheng’s old rival in the programming competition, is an anime fan, and later joined Baidu, where there is a saying that "the south is light and the north is natural". Chen Shixi left a set of machine learning infrastructure mio in Baidu, named after Qiu Shanling, the heroine of the famous cute cartoon "Girl with a Light Voice". mio later became the prototype recommended by companies such as Aauto Quicker, Didi and Meituan. In 17 years, Chen Shixi joined the driverless company Jingchi Automobile, and the same building leader continued to "compete between the North and the South" in driverless driving.

Yao Ban, who won the international ACM gold medal with Lou Tiancheng, devoted himself to academic research, and won the Sloan Prize for "Nobel Prize Vane" based on his research on nonconvex optimization in deep learning for 19 years. His achievements have an important influence on the theoretical research of artificial intelligence. Lou Tiancheng and Rong Rong’s third teammate, Hu Weidong, chose to work as an informatics teacher in the experimental middle school affiliated to Beijing Normal University after graduation, engaged in high school programming teaching, brought out the gold medal in the International Informatics Olympic Competition, brought out dozens of students who walked in Tsinghua, and became the "world gold medal coach" in informatics education, personally practicing the popularization of programming education in middle schools.

Tang Wenbin, the next younger brother of Lou Tiancheng, won the silver medal in the ACM International Competition. When he was in graduate school, his tutor went overseas for half a year and sent him to Microsoft Asia Research Institute for an internship. However, Yinqi, an undergraduate classmate, was making images in the next group of Asia Research Institute. The more they talked, the more they felt that images were the future direction. Robots must need a pair of eyes. In 2012, two people joined Yang Mu, a younger brother who is good at data mining, and founded Defiance Technology to "be the best face recognition cloud platform".

Tang Wenbin and Inch’s classmates Long Fan and Dr. MIT went to the University of Toronto, one of the holy places of artificial intelligence, to teach and study cryptography after graduation. At the end of 2017, at the invitation of Professor Yao Qizhi, he returned to Yao Ban to take a 3-hour cryptography course. In the class, Yao Ban, the classroom teaching assistant and Long Fan had a heated discussion on the expansion problems faced by the current blockchain. In mid-May 2018, this group published the results as a paper "Expanding the Satoshi Nakamoto Consensus to thousands of transactions per second" to explore how to solve the bottleneck of low throughput of public chains. Investment institutions blasted their contact information, and Long Fan and four companions expanded their thesis into the blockchain project Conflux. Four of these five people were born in Yao Ban.

China’s artificial intelligence startups have grown rapidly in the past three years, and six unicorns have appeared, with a total valuation of more than $12 billion. China recommended algorithms, autonomous driving and machine vision, and talents from ACM class and Yao Ban dominated the development of these tracks. What is worth pondering is that Yao Ban and the students in ACM’s class who went abroad to work in Google, Facebook and other overseas places were promoted quickly at the initial stage with their talent and accumulation, but they encountered "glass ceilings" one after another, and it was difficult to re-enter after being promoted to T6 level.

Our predecessors planted trees, while our descendants enjoyed the cool. Because of the excellent example of the predecessors, the subsequent students enjoy more and more resources and board a broader stage, and the top-level student exchange will produce a steady stream of students with top vision.

As Yao Ban Chen Lijie said: I feel extremely honored to be born in such a golden age. I dream that I can become a wave in the spring tide of the golden age and contribute to the wisdom of mankind. On the giant’s shoulder, he can make a declaration calmly:

"I’m Chen Lijie, and I want to be a theoretical computer scientist!"

[1]. Biography of Qian Xuesen, Ye Yonglie

[2]. The intercontinental transfer of Nazi German scientists in exile, Li Gongzhen.

[3]. Competition between the Soviet Union and the United States in outer space during the Cold War (1945-1969), Fan Haihong

[4]. The Cold War and the formation of the American talent attraction mechanism (1945-1960), Liang Maoxin

[5]. Summary report on the pilot program of training top-notch students in basic disciplines (2009-2013)

[6]. China overseas high-level scientific and technological talent policy research, Du Hongliang Zhao Zhiyun.

[7]. The necessity and urgency of the Thousand Talents Program, Shi Yigong

[8]. Top-notch innovative talents training new ideas, Yao Qizhi

[9]. ai Future, Kai-Fu Lee

[10]. Ten years ago, the genius boy, today’s AI golden generation, the daily figure Luo Ting.

[11]. Chen Lijie: I want to be a theoretical computer scientist, Chen Lijie

This article is published by Entrepreneurial State authorized by the columnist, and the copyright belongs to the original author. The article is the author’s personal opinion and does not represent the position of the entrepreneurial state. Please contact the original author for reprinting. If you have any questions, please contact editor@cyzone.cn.

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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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Read the Apollo program first: how did the United States defeat the Soviet Union and realize the first moon landing?

        While carrying out manned space flight, korolev began its efforts to fly out of the earth. Of course, the moon closest to the earth is the first landing target for human beings to go into space. In order to land on the moon, at least three people need to take the same spaceship, so the size and weight of the spaceship are much larger than that of the Dongfang, which carried an astronaut before. In addition, the distance to land on the moon is much farther than that of orbiting the earth, so the thrust of the rocket must be much larger than that of the previous R-7. Korolev began to improve the R-7 in 1958. However, due to the political turmoil in the former Soviet Union, he was short of funds, and his work encountered many troubles. In 1959, Luna, the first spacecraft of the former Soviet Union to explore the moon, was supposed to touch the moon, but in the end it was 6,000 kilometers off the scheduled orbit. Fortunately, Lunar Exploration II was a success, becoming the first human aircraft to reach the moon, and korolev won the first place in the world for the former Soviet Union. The third ship went one step further. It sent back photos of the back of the moon.

Sergei korolev, the father of space flight in the former Soviet Union

        According to korolev’s plan, it is a matter of time before the Soviet Union landed on the moon, and it should be before the Americans. In order to meet the needs of landing on the moon, korolev put forward a new design scheme and long-term planning for a large rocket, which is the famous N1 launch vehicle of the former Soviet Union. N1 also has two little brothers N2 and N3, whose size and thrust are gradually reduced, and the latter is used to carry intercontinental missiles. However, just after the design scheme of N1 was released, before it was implemented, the former Soviet Union was caught in a debate about whether to give priority to the development of intercontinental missiles or manned rockets. In December, 1959, after intense discussions among officials in charge and experts at all levels, the idea of giving priority to missile development prevailed. In this case, there is no need to build a super-large rocket like N1. Although korolev has also obtained some funds to continue to develop rockets for landing on the moon, the former Soviet Union’s moon landing plan has temporarily stalled.

        At the same time, the White House ushered in a new owner, and the United States also entered their new era. The balance of the space race began to tilt in favor of the United States.

        On January 20, 1961, snow covered Washington, the capital of the United States. The youngest president in American history, only 43-year-old John F. Kennedy, was sworn in in front of the White House. A few months ago, he defeated Nixon, the then vice president, in the general election, and the two men always could not avoid a controversial topic-how to defeat the Soviet Union in the Cold War. American efforts began with President Eisenhower, and Nixon, then vice president, did a lot of work. However, the youthful Kennedy was much more ambitious than his predecessor. In Kennedy’s famous inaugural speech, he put exploring the mysteries of interstellar space as the first priority in his scientific work, before conquering deserts and treating diseases. And he called on the United States and the Soviet Union to join hands in these fields. Only four months later, Kennedy put forward an ambitious space program-landing on the moon within ten years. This program was named after the sun god, which is the famous Apollo Program.

        

Von Braun is with President Kennedy.

        The Apollo program is the largest plan for human beings to explore space and unknown areas, and the whole country in the United States has mobilized. Hundreds of universities, research institutions and companies, more than 20,000 scientists and 400,000 people directly and indirectly participated in this space program. The key to the Apollo program is the development of the rocket to the moon, and the popular candidate is von Braun. Therefore, when the project was about to begin, von Braun and his team transferred from the Army to NASA. Von Braun served as the director of Marshall Space Center, responsible for the development of rockets to the moon, the project code-named Saturn. Von Braun’s new job began in 1961, and he was fighting against his unknown opponent in the Soviet Union.

Von Braun, praised by NASA as the first person in the history of world space.

        Compared with korolev, von Braun is much luckier. The United States is more secure in financial resources and manpower than the former Soviet Union, so Americans catch up quickly. In 1961, von Braun’s Saturn I rocket was successfully developed, which was the first large thrust rocket made in the United States. The thrust of the first stage rocket reached 6670 kn, exceeding the thrust of all R-7 engines. Generally speaking, Saturn-1 was very successful. It not only successfully put five spacecraft, including command module and service module, into Earth orbit in 1964-1965, but also sent some satellites related to the Apollo program and microwave survey ships between the Earth and the Moon (to prepare for the subsequent communication on the moon) to the scheduled orbit.

The three astronauts of Apollo 11 reunited in front of the lunar module that year.

        NASA originally planned to use Saturn-1 to carry out four manned space flights in 1965-1966, but later it was found that the thrust of the rocket was slightly insufficient, so von Braun developed a Saturn-B rocket with stronger thrust in 1963. The thrust of its first-stage rocket was about 10% higher than that of Saturn-1, and the thrust of its second-stage rocket was more than doubled (890 kN to 400 kN). So far, the United States In addition to rocket technology, there are many cutting-edge technologies needed for landing on the moon. Let’s take a look at the preparations made by Americans on several key technologies.

        The first is the technology of landing and leaving the moon.It is not easy for astronauts to land on the moon safely. On the earth, with the help of the atmosphere and the ocean, we can slow down the capsule that is about to land by parachute, and we can also land on the ocean in order to prevent the capsule from colliding with the ground. Unlike the earth, the moon has neither atmosphere nor ocean, so these methods of landing on the earth are not used on the moon. The only way is to slow down the lunar module with a reverse rocket, just like what we saw in the movie Star Wars and various science fiction films. But in reality, it is very difficult to do so, and the rocket jet speed and angle must be controlled very well.

        Of course, astronauts are neither Chang ‘e nor WU GANG, so they can’t live on the moon for a long time, and they still need to leave the moon and return to Earth. At the beginning of the Apollo program, NASA proposed four return schemes.

        The first plan is to take a big rocket with the lander, and the United States is the smallest.

        The fourth scheme is to launch two rockets to the moon, one carrying the lunar module and the other carrying the rocket returning from the moon to the earth, and then assemble it on the moon. The disadvantage of this method is that if the trajectories of the two rockets deviate a little, the landing point of the lunar module and the returning rocket will be 180 kilometers or more, and the astronauts will not come back.

        Most experts prefer the first scheme because it is simple. At that time, most experts were not sure about air docking. In fact, von Braun also supports this scheme, and has planned to design a Nova rocket (nova) larger than Saturn V to accomplish this mission. However, a scientist named John Houbolt (1919-) insisted that the total weight of lunar landing equipment should be as light as possible, and tried his best to convince most people, so experts including the Marshall Space Center led by von Braun accepted the third scheme. The Apollo program finally adopted this scheme and achieved success. American historians believe that it would not have been possible to land on the moon in the late 1960s if NASA had not finally adopted the opinions of a few people, although Americans were able to land on the moon in the end.

        Of course, one of the difficulties of this plan is docking. For this reason, Apollo 9 conducted a docking test in orbit around the earth, and the test was successful. Only then did the Americans move on.

        Secondly, the technology of the moon landing spacecraft..Spacecraft landing on the moon include Command and Service Module (CSM) and Lunar Module (LM). As shown in the figure below:

The three parts of Apollo 11, from left to right, are the service module, the command module and the lunar module.

        The command module is the shelter for astronauts on their way back and forth. It is not only to send astronauts from the earth to the moon orbit, but also to return them, and it is also the only part that re-enters the atmosphere to send astronauts to the surface, so it has been tested the most in the Apollo program. This module is about three and a half meters in diameter, nearly four meters high and weighs 5.5 tons. The service module (SM) is connected with the command module (CM, sometimes called the space module in the news), and its diameter is similar to that of the command module, but its length is seven meters. It transports all kinds of materials needed for landing on the moon, including liquid fuel and various equipment, weighing 24 tons. The service module is connected to the command module and flies to the moon together, but it will be thrown away when the spacecraft re-enters the earth’s atmosphere. Most of the time, the service module and the command module are tested together. The part of landing on the moon includes the thrust rocket needed for landing on the moon and the rocket leaving the moon, as well as the lunar module. Although the weight of this part has been reduced as much as possible in the design, it still weighs 15 tons.

        Then there is the control technology.One of the most critical technologies is the Kalman filter in automatic control. This filtering method was invented by Rudolph E. Kalman (1930-), an American Hungarian mathematician. At the beginning of this control theory put forward by Kalman, its practicability was so doubtful that he did not publish this achievement in the journal of electronic engineering and automatic control, but published it in the journal of mathematics. One day in 1960, Kalman visited Stanley Schmidt (1944-), who worked in NASA, and found that his method was very useful for solving the difficult problem of orbit prediction in Apollo program, so he taught it to Schmidt.

        Finally, there is the problem of communication between the earth and the moon.The moon is 380 thousand kilometers away from our earth, nearly 10 times the circumference of the earth. Such long-distance two-way communication has never been carried out by humans before. Will the attenuation of the signal interrupt communication? In addition, it takes more than two seconds for radio waves to travel back and forth between the earth and the moon once. How to eliminate the influence of this delay on control? There are many problems that need to be tested one by one to determine. To this end, the United States launched some spacecraft to test the communication between the earth and the moon. Finally, Motorola provided intercom equipment between the moon and the earth. Unfortunately, this great company no longer exists independently today.

        In the race to the moon, the former Soviet Union was far behind the United States in key technologies except rocket technology.

        Of course, in the end, everything will go back to the rocket, because the total weight of several parts of the whole moon landing spacecraft exceeds 45 tons, which makes the manufacture of large thrust rockets become the bottleneck of the whole plan. Von Braun’s team needs to design a rocket with much larger thrust than Saturn-B. The previous dozens of various launch tests undoubtedly provided rich technical accumulation for their later development of new rockets. In 1967, von Braun’s masterpiece Saturn V was born.

        But in January 1967, Apollo 1 had an accident before it was launched. In a ground test, the oxygen cabin exploded and the spacecraft caught fire, killing all three astronauts. The accident did not shake the determination of Americans, but helped Americans find many problems and make a lot of improvements, from the design of spacecraft to the spacesuit. Some of these improvements benefited the later Apollo 13 and avoided new tragedies. Although the Apollo program was slightly delayed, in November, Apollo IV (to commemorate the three astronauts who died, Apollo 1, 2 and 3 were vacant) was successfully launched, which was the first test of Saturn V rocket. In the following six months, the United States conducted two more experiments and tested all the links needed for landing on the moon in an unmanned state. After half a year’s preparation, from October 1968, the United States began to use manned spacecraft (Apollo VII) for simulation experiments. In just seven months, the United States conducted as many as four experiments, and 12 astronauts went into space. Among them, Apollo 8 manned the lunar orbit for the first time, and three astronauts circled the moon for 10 times. Apollo 10 tested the landing process of the spacecraft to the moon and landed at a height of only 15,000 meters from the surface of the moon, which is only slightly higher than the cruising altitude of commercial aircraft.

        The next task is to land on the moon and let the astronauts set foot on the surface of the moon. For the first trip to the moon, NASA made full preparations. In the early stage, I launched many experiments and tried everything I could think of. The rest is to determine the candidate for the first moon landing mission. After many considerations, Neil A. Armstrong (1930-2012), Edwin E. Aldrin (1930-) and Michael Collins (1930-) were finally determined to perform this historic mission. Of course, to be on the safe side, NASA has also prepared a corresponding backup team. Even after selecting a three-person team, who will set foot on the moon first has become the focus of controversy among several astronauts. In training, Aldrin climbed out of the hatch first, and finally changed to Armstrong, because the design of the hatch was more convenient for him rather than Aldrin going out first. For the inside details of Apollo’s landing on the moon, readers can refer to the book Apollo-Lunar Expedition.

        Soon, a glorious moment in human history came. On July 16, 1969, at the Kennedy Space Center in Cape Canaveral, Florida, Armstrong and others boarded the towering Apollo 11 spacecraft and were about to begin the human journey to the moon. The Apollo landing on the moon was televised by the United States to the whole world, and Nixon, then president, watched the live event on TV from the Oval Office of the White House. I think that if every reader can go back to that day, he will definitely sit in front of the TV and watch it. Fortunately, more than 30 years later, in the command room of Kennedy Space Center, I saw the command of Apollo 11 mission and the video of landing on the moon at the simulation site.

        Ok, now please follow me to the command center. At 9: 32 am (Eastern Daylight Time), the rocket launch entered the final countdown. Astronauts and rockets are in good condition. Perhaps out of excitement or nervousness, Armstrong’s heart rate reached 110 beats per minute when the rocket was launched, which had never happened before. On the console, the display screens and lights of various instruments kept flashing, and the timer on the wall began to count down-10, 9, 8…3, 2, 1. At this time, the sound of "emission" sounded in the background. On the big screen, Saturn V ignited successfully, and the orange flame pushed the 110-meter-high behemoth to rise slowly and faster until the rocket disappeared on the screen. On the fourth day, July 19, the rocket entered the lunar orbit; On the fifth day, July 20th, Apollo 11 was ready to land on the moon. The camera switches to the image of Apollo 11 landing on the lunar surface, and there is a camera under the lunar module, which sends the blurred image of the lunar surface back to Earth. I saw the lunar module getting closer and closer to the surface of the moon and finally stopped there. This image can be seen on the website of NASA. After the lunar module landed safely on the surface of the moon, commander Armstrong returned the first words that humans said on the moon: "Houston, this is the Jinghai base. The eagle landed successfully. "

        Next, Armstrong and Aldrin should sleep for five hours according to the pre-set itinerary, because they didn’t sleep much during the flight. But both of them were so excited that no one could sleep. After consulting the headquarters, they set foot on the surface of the moon in advance. On the screen of the control room, Armstrong stepped down from the lunar module and set foot on the moon. His movements were very slow. Because of the long distance and the communication technology is far less developed than today, the images and sounds sent back are intermittent, but Armstrong’s famous words can still be distinguished, "This is one small step for man, but one giant step for mankind." The recording of these seconds can be heard on the Internet.

        

Aldrin is on the surface of the moon.

        More than 600 million viewers around the world watched the first human step on the moon on TV. Armstrong and Aldrin put some experimental instruments on the surface of the moon and collected more than 20 kilograms of lunar rock samples. The two of them stayed on the moon for about two and a half hours, and then went back to the lunar module to sleep. Although Aldrin accidentally broke the ignition switch of the return rocket, it was near miss. They turned on the switch with a pen, and the rocket sent them to the lunar orbit to rendezvous with the control/service module, and then returned to Earth. On July 24th, the command module carrying three astronauts fell into the Pacific Ocean. The whole process from launch to safe landing on the earth’s surface is about eight days and three hours.

        

Armstrong and other three astronauts spent more than ten days in the isolation cabin after returning from the moon. At that time, American President Nixon visited them in the isolation cabin at the first time and congratulated them through the glass window.

        The success of Apollo’s landing on the moon is a victory for all mankind. As many as 400,000 people directly and indirectly participated in the Apollo program (Nixon’s original words). They came from different countries in the world, including many Chinese scientists. How much contribution did von Braun make in the Apollo program? NASA commented on him like this: "There is no doubt that he is the greatest rocket scientist in history. His greatest achievement was that when he was the director of the Marshall Space Flight Center of NASA, he presided over the research and development of Saturn V and successfully achieved the great cause of human landing on the moon for the first time in July 1969. " It can be said that there would be no Saturn V without von Braun. Although humans can finally land on the moon, it will not be within the time limit set by Kennedy-the 1960s.

        On January 12th, 1966, korolev died of a surgical operation at the age of 59. It’s a pity that he didn’t see the successful docking of his designed spacecraft Soyuz and Salute-he had been buried underground for more than four years.

        Vasily Mishin (1917-2001), korolev’s successor, did not have the influence and courage of korolev. Although he completed the development of the N1 rocket under very difficult circumstances, the rocket failed in all directions. Coupled with the constant space accidents, especially the death of astronauts, the Soviet Union’s moon landing plan failed as a whole and was finally abandoned.

        In the end, Americans successfully landed on the moon many times, but the former Soviet Union did not once. The fundamental reason for this is not that korolev’s ability is not good, but that the former Soviet Union lost in its comprehensive national strength.

        Without his opponent, von Braun continues to devote himself to the space industry. After Apollo 11, the United States successfully landed on the moon five times, completing a feat in human history. In 1972, after achieving the expected goal, the United States terminated the Apollo program and developed a reusable space vehicle, the space shuttle. Five years after the last Apollo spacecraft landed on the moon, von Braun also came to the end of his life. In 1977, he died of cancer. Shortly before his death, he won the National Science Award, the highest award in American science and technology, but he was unable to go to the White House to receive the award.

(This article is taken from the second volume of Light of Civilization, written by Wu Jun, People’s Posts and Telecommunications Publishing House, 2014). )

        

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Notice of the Ministry of Finance and the Ministry of Commerce on Relevant Issues Concerning the Financial Discount of Foreign Contracted Project Loans in 2004

On November 29th, 2004, Caiqi [2004] No.252.

All provinces, autonomous regions, municipalities directly under the central government, the financial departments (bureaus), the competent commercial departments, the Finance Bureau and the Commerce Bureau of Xinjiang Production and Construction Corps, all foreign business institutions, and all centrally managed enterprises:
  In order to support and encourage enterprises with comparative advantages to "go global" and expand their foreign contracted projects, according to the budget arrangement of the central government’s foreign aid joint venture project fund in 2004, the commercial loans obtained by Chinese enterprises from domestic banks for the implementation of foreign contracted projects will be subsidized. The relevant matters are hereby notified as follows:
  I. Conditions for enterprises and projects applying for discount interest.
  (1) An enterprise applying for discount must meet the following conditions:
  1 registered in accordance with the law, and has an independent legal personality;
  2. Qualification for foreign economic cooperation approved by the state;
  3. There is no malicious default or misappropriation of foreign aid joint venture and cooperation project funds;
  4. Accept the coordination of financial and commercial departments and our foreign economic and commercial institutions.
  (two) to apply for discount projects must meet the following conditions:
  1. Submit the statistical data of the project in accordance with the provisions of the Statistical System of Foreign Economic Cooperation Business;
  2. The project contract is valid from January 1, 2004 to December 31, 2004, and the contract amount of a single project is not less than 10 million US dollars (or other equivalent currencies);
  3. The loan contract of the project is valid from January 1, 2004 to December 31, 2004, and the single loan amount is not less than 10 million yuan (or equivalent foreign currency);
  4. The contracted enterprise and the loan enterprise must be the same enterprise;
  5. In line with China’s foreign trade and economic policies.
  Second, the application materials and procedures
  (1) When applying for discount, an enterprise shall provide the following materials:
  1. Discount application report;
  2 "Enterprise Declaration Notes" (Annex 1);
  3. Basic Information of Foreign Contracted Projects and List of Interest Payment of Bank Loans in 2004 (Annex 2);
  4. Copy of the business license of the enterprise as a legal person;
  5. A copy of the commercial part of the project contract (Chinese version or Chinese translation);
  6. Written opinions of overseas economic and commercial institutions on the implementation of the project, including: contract amount, commencement date, image progress, estimated completion date, etc.;
  7. A copy of the bank loan contract;
  8. A copy of the settlement voucher for bank loans, interest payment and loan repayment.
  (2) application procedures:
  1. Local enterprises will submit the above materials to the local provincial finance and commerce authorities before February 28, 2005, and the provincial finance and commerce authorities will conduct a preliminary examination of the projects applying for interest discount according to the provisions of this notice, fill in the Summary of Preliminary Examination of Loan Interest Discount for Foreign Contracted Projects (Annex 4), and jointly report to the Ministry of Finance and the Ministry of Commerce before March 31, 2005;
  2. Enterprises managed by the central government will submit the Summary of Preliminary Examination of Loan Discount for Foreign Contracted Projects (Annex 4) together with relevant application materials to the Ministry of Finance and the Ministry of Commerce respectively before March 31, 2005;
  3. The Ministry of Finance and the Ministry of Commerce entrust intermediaries to jointly issue discount funds after reviewing the declared projects;
  4. Within 15 days after the two ministries issued the notice of financial discount funds for foreign contracted project loans of relevant enterprises this year, the Ministry of Commerce will directly allocate the discount funds to the enterprises.
  Third, the discount standard
  (a) the annual discount rate is not higher than 2 percentage points;
  (2) The discount period is calculated according to the calendar month of the actual loan period;
  (3) The project enjoys discount interest for a maximum of 3 years;
  (four) interest rate hikes, penalty interest, etc. other than normal loans are not subsidized;
  (five) each foreign contracted project can only enjoy a loan discount;
  (6) The discount amount shall be calculated in RMB.
  Four, foreign business institutions shall issue written opinions for enterprises in accordance with the requirements of item 6 of the first paragraph of Article 2 of this notice (Annex 3).
  Five, in order to do a good job in financial discount in 2004, improve efficiency, please enterprises in accordance with the provisions of this notice, carefully prepare the discount application materials and bind them in order, according to the project directory.
  Six, after receiving the discount interest funds, the enterprise will make a reduction of the financial expenses of the current year. No unit may cheat or intercept discount interest funds in any form or for any reason. In violation of the provisions, the Ministry of Finance and the Ministry of Commerce will fully recover the discount funds and cancel their discount eligibility. At the same time, investigate the responsibility of the relevant personnel.
  Seven, the financial and commercial departments will supervise and inspect the implementation of discount interest funds, to ensure that discount interest funds in place in time, earmarking.
  Attachment: 1. Description of enterprise declaration
     2. Basic information of foreign contracted projects and interest payment list of bank loans in 2004.
     3 in _ _ _ _ _ Economic and Commercial Counsellor’s Office (room) opinion
     4. Summary table of preliminary examination of loan discount for foreign contracted projects



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Luohe, Henan Province: "Handling Cases+Education" fully protects minors.

The little "Luo" whistled and set sail.

Luohe, Henan Province: "Handling Cases+Education" fully protects minors.

In November 2023, students from Luohe Experimental Primary School went to the Comprehensive Protection Center for Minors in the city to participate in the immersive practice of rule of law.

"There are legal provisions and judicial cases in this’ online celebrity Exhibition Hall’, and the prosecutor’s sister also taught us how to deal with bad people and prevent infringement." Recently, students from West Lake School in Luohe City, Henan Province, led by their teachers, came to the exhibition hall of rule of law education in Luohe City Comprehensive Protection Center for Minors and completed a unique study tour of rule of law.

The reporter learned that there are 4 exhibition areas and 16 themes in the exhibition hall of rule of law education in Luohe Comprehensive Protection Center for Minors, which integrates the functions of visiting, teaching, experience and practice by using situational experience and game interaction. With the help of the announcement (admonition) room, information (inquiry) room and psychological counseling room set up in the comprehensive case-handling area of the center, the procuratorate of Luohe City comprehensively carried out procuratorial case handling, psychological counseling, comprehensive assistance and parental education. Since its establishment in December 2019, the center has received more than 7,800 visitors and carried out 52 legal practice activities, which has not only become an important position for the mutual promotion of procuratorial handling and legal education, but also a "punching place" for legal education for minors in online celebrity.

Enhance the effectiveness of rule of law education

"I used to think that loving children is to make him worry-free, so I patronize working to earn money and rarely communicate with children." In June 2023, when accompanying the children to visit the exhibition hall of rule of law education in Luohe Comprehensive Protection Center for Minors, the mother of Ma, a minor involved in the crime, choked.

In July 2022, when handling a suspected theft case of Ma, the prosecutor of the Yancheng District Procuratorate of Luohe City found that Ma’s mother worked outside the home all the year round, and Ma had been living with her grandmother. Ma has been infected with Internet addiction due to the lack of family supervision. If he is not helped to quit Internet addiction, he still has the risk of committing crimes again.

In view of this, the procuratorate and the Women’s Federation jointly provided family education guidance to Ma’s mother, suggesting that she communicate with her children more, strengthen supervision and help Ma quit Internet addiction. After 10 months of investigation and assistance, on May 15, 2023, Ma was decided not to prosecute by the Yancheng District Procuratorate.

"In view of the problems such as the lack of family education and the absence of guardianship reflected in cases involving minors, we have produced courses such as" Talking about family education from the’ long season’ ",focusing on improving parents’ self-literacy, improving improper education methods, strengthening parent-child communication, and building a defense line for family guardianship, and reminding parents with the most real cases." Jun Hu, head of the unchecked department of Luohe City Procuratorate, said.

The reporter learned that Luohe Comprehensive Protection Center for Minors has a theater of rule of law and a mock trial. In view of the rule of law needs of students of different ages, combined with the legal blind spots and key points found in the practice of handling cases, prosecutors have produced more than 40 lecture courseware, scenario scripts and simulation cases on different topics such as preventing school bullying and preventing telecommunication network fraud, and actively fed back the course menu to the school for selection.

Since 2022, the procuratorate of Luohe City has given full play to the various functions of the Luohe Comprehensive Protection Center for Minors, and based on this, it has created the brand of "Yu Jian Future Xiao Luo" for minors’ procuratorial work. Since 2022, the Seventh Procuratorial Department of Luohe City Procuratorate has been awarded the National Advanced Collective for Safeguarding Women’s and Children’s Rights and Interests, the Henan Youth Rights and Interests Post and the National Youth Rights and Interests Post. The center was awarded as an excellent publicity and education base of the rule of law in Henan Province and a demonstration base of family education in Henan Province.

"This kind of case teaching and interactive experience based on procuratorial handling cases has changed the single mode of popularizing law, such as distributing brochures and teaching in class, realized the close combination of rule of law education and high-quality and efficient handling cases, and greatly improved the publicity effect of popularizing law." On August 17, 2023, Ning Yaqiu, deputy to the National People’s Congress and deputy director of the editorial office of Luohe Radio and Television Station in Henan Province, said at the unveiling ceremony of the Henan Provincial Procuratorate’s Comprehensive Protection Center for Minors.

Expand the source of supervision cases

In July 2022, Wang, an obstetrician and gynecologist in a hospital in Wuyang County, found that Xiao Yu (12 years old) was suspected of being sexually assaulted. Wang reported the case to the police at the first time according to the compulsory reporting system for cases against minors. The public security organs quickly launched an investigation, and the Wuyang County Procuratorate intervened in advance to guide the investigation according to law. In the end, the defendant was sentenced to three years in prison by the court.

"When the prosecutor gave us a mandatory report, he particularly emphasized the importance of medical staff fulfilling their mandatory reporting obligations in time, thus reducing the occurrence of re-infringement. Our hospital conscientiously implements the mandatory reporting system and incorporates it into the year-end assessment project of medical staff to jointly protect the healthy growth of minors. " The president of the hospital told the reporter.

"Since June 2022, we have concentrated on preaching the systems of compulsory reporting, prohibition of employment, and on-the-job inquiry to key groups such as front-line teachers and medical staff in Luohe Comprehensive Protection Center for Minors, and received a total of 7 clues about suspected cases of infringement on minors, including 2 criminal cases. The role of promoting and expanding the source of supervision by the rule of law is becoming prominent." Yuan Dong, deputy procurator-general of Luohe City Procuratorate, said.

The rule of law propaganda is not only an effective way to expand the source of supervision cases, but also an important part of minors’ procuratorial work and a keen antenna to participate in social governance. It is reported that Luohe City Procuratorate, in response to the clues about campus surrounding safety and school bullying found and collected in the popularization of law, actively cooperated with education, public security, market supervision and other departments to comprehensively manage the campus surrounding environment through discussion and consultation, procuratorial suggestions, and urging special actions, so as to eliminate all kinds of risks infringing on the legitimate rights and interests of minors in time. Since 2022, Luohe City Procuratorate has issued 12 procuratorial suggestions on the protection of minors according to law, promoted functional departments to carry out special rectification activities 14 times, inspected 428 merchants, ordered 30 businesses to suspend business for rectification, and investigated 9 illegal entertainment venues.

"Minors who commit crimes are the key targets of rule of law education." Yuan Dong said that since 2022, the procuratorial organs in Luohe City have focused on the juvenile delinquents, a special group of rule of law education, and paid attention to giving full play to the important role of targeted rule of law education in helping and saving juvenile delinquents, combining rule of law education with procuratorial admonition, behavior development and help and save, helping 55 juvenile delinquents to turn over a new leaf and reintegrate into society.

Optimize the mode of "handling cases+education"

"Children, please follow me to start this journey of the rule of law in the Winter Olympics and see what problems’ Jian Xiaowei’ encountered in the Winter Olympics and how to use legal weapons to protect himself." On the day of Children’s Day in 2023, more than 20,000 students from Luohe participated in an online live broadcast of the rule of law propaganda. Wang Hao, the prosecutor of the unchecked department of Luohe City Procuratorate, became the "anchor" and interpreted relevant legal knowledge from three aspects: rules and laws, cybercrime and campus violence. The number of praises in the live broadcast was as high as 500,000 times.

Luohe City Procuratorate adheres to the concept that "case handlers can be better lecturers", selects 81 procuratorial police officers with excellent political skills and professional skills in the city’s procuratorial organs to set up a professional propaganda team, and adjusts the content, methods and objects of propaganda at any time according to the changes in the characteristics of crimes involving minors, and promotes the deep integration of case interpretation and campus law popularization. At the same time, the hospital actively absorbs social propaganda talents, such as educators and children’s social workers, and changes "prosecutors speak for themselves" into "everyone speaks together", forming a big pattern of legal education for minors with distinct themes and their respective strengths; Actively unite the Youth League Committee, women’s federations, education, civil affairs and other units, and efficiently integrate Luohe City’s comprehensive protection center for minors, family education guidance stations, youth homes, and practice bases for rule of law education in primary and secondary schools, so as to achieve multi-field cooperation and one-stop service.

According to reports, since February 2023, Luohe City Procuratorate and relevant departments have carried out 13 sessions of "Youth Shaying and Law Walking" rule of law summer camp activities and "Candy Mom" parenting classes and educational lectures, bringing children of migrant workers, left-behind children in rural areas, parents, etc. into the scope of rule of law education, and including mental health education. At the same time, for some minors involved with outstanding psychological problems, The Communist Youth League Committee, educational and professional psychological institutions have carried out collective psychological counseling for 6 times and case intervention for 33 times, striving to achieve pre-prevention, timely intervention and timely punishment, and integrating standardized case handling, accurate publicity and diversified protection.

"The procuratorate of Luohe City will continue to focus on brand creation, optimize the mode of" case handling+education ",comprehensively strengthen the judicial protection of minors, crime prevention, rule of law education, etc., and sound the small number of comprehensive judicial protection for minors, making this" work with temperature "more practical and better, and supporting a blue sky of rule of law for the healthy growth of minors." Du Yongzhao, Party Secretary and Procurator-General of Luohe City Procuratorate, said.

(Our reporter Liu Lixin   Correspondent Huang Xindi)

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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)
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Big data feels Spring Festival travel rush’s "acceleration" and "flowing China" with strong vitality.

CCTV News:February 16th is the seventh day of the Lunar New Year, and it is also the peak of the return trip. The data shows that today’s railway passenger flow will continue to grow, and we will continue to feel the characteristics and changes of personnel flow through Spring Festival travel rush heat map.

From the first day of the Lunar New Year to the sixth day of the Lunar New Year, the number of passengers who choose to travel by train has increased from 5.5 million to about 15.2 million, which keeps an obvious increase every day, and it has set a new record for one-day railway travel since Spring Festival travel rush this year for two consecutive days.

From the heat map of Spring Festival travel rush on February 16th, the number of trips will continue to increase. The pre-sale data of 12306 shows that the arrival cities with more passenger traffic growth on February 16 are still concentrated in central cities such as Beishangguangshen, Wuhan and Hangzhou.

In some cities, the arrival volume is much larger than the departure volume. On February 16th, the arrival volume of Shanghai, Shenzhen, Dongguan and Ningbo was more than twice the departure volume. From the popular cities of departure, Chengdu East Railway Station has become the railway station with the largest number of departures for three consecutive days, and the speed of outward migration of personnel in the central and western regions is accelerating.

Beishangguangshen is the most popular destination city.

From the travel area, except Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta region, the cross-regional personnel flow of several lines from Beijing to Shanghai, Nanning to Guangzhou, Wuhan to Shanghai, Taiyuan to Beijing has increased significantly.

In terms of data for applying for alternate train tickets, Zhengzhou, Guigang, Nanning, Wuhan, Chongqing and other cities are popular starting points for alternate tickets, while Beishangguangshen and Shenzhen are still the most popular destination cities, and the pace of people’s return journey is still accelerating.

29 airports issued mild smog and rain weather warnings.

Fei Changzhun’s weather warning data shows that as of 20: 00 on February 16th, 29 of the more than 260 airports in China issued mild fog, haze and rain weather warnings. Affected by the weather, runways such as Shennongjia Hongping Airport are closed, and Ezhou Huahu Airport has issued a light snow warning. The visibility is less than 1000 meters, and flight delays may occur. Passengers with travel arrangements need to pay attention to flight information updates in time to avoid delays.

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Announcement of Beijing Local Taxation Bureau and Beijing Environmental Protection Bureau on Issuing the Interim Measures for the Verification and Calculation of Beijing Environmental Protection Tax

No.3 of 2018

  The Interim Measures for the Verification and Calculation of Beijing Environmental Protection Tax are hereby promulgated and shall come into force as of January 1, 2018.

  It is hereby announced.

  Annex: 1. Table of Characteristic Value Coefficient of Sewage Discharge of Some Small Tertiary Industries (omitted)

     2. Water pollution equivalent value of livestock breeding, small enterprises and tertiary industry (omitted)

     3. Adjustment coefficient of dust emission from construction site (omitted)

     4. Construction site dust management grade standard (omitted)

     5. Policy Interpretation on the Announcement of Beijing Municipal Environmental Protection Bureau of Beijing Local Taxation Bureau on Issuing the Interim Measures for the Verification and Calculation of Beijing Environmental Protection Tax (omitted)

  Note: The attachment can be found on the official website of Beijing Local Taxation Bureau (www.tax861.gov.cn).

Beijing Local Taxation Bureau    

Beijing Municipal Environmental Protection Bureau    

March 29, 2018  

Interim Measures of Beijing Municipality on the Verification and Calculation of Environmental Protection Tax

Chapter I General Principles

  the first In order to improve the environmental quality of this Municipality, give full play to the role of taxation in promoting pollution control and emission reduction, and strengthen the collection and management of environmental protection tax, these measures are formulated in accordance with the provisions of People’s Republic of China (PRC) Environmental Protection Tax Law, People’s Republic of China (PRC) Tax Collection and Management Law and its implementation rules and other relevant laws and regulations.

  the second Taxpayers within the scope of this Municipality who cannot calculate the tax payable of air pollutants and water pollutants in accordance with the methods specified in Items 1 to 3 of Article 10 of the People’s Republic of China (PRC) Environmental Protection Tax Law shall verify and calculate the tax payable in accordance with the provisions of these Measures.

  The air pollutants and water pollutants mentioned in the preceding paragraph refer to air and water pollutants discharged by livestock breeding, small enterprises and some tertiary industries, dust (general dust, the same below) generated by construction sites, and sulfur dioxide generated by municipal gas facilities (burning municipal pipeline natural gas).

  Article The local tax authorities at all levels and the competent department of environmental protection shall establish a cooperation mechanism for the verification and calculation of environmental protection tax according to these Measures, and carry out the verification and calculation of environmental protection tax in an orderly manner according to the responsibilities of the departments.

  Article 4 Local tax authorities shall perform the following duties:

  (1) Incorporating taxpayers who meet the approved calculation into tax administration;

  (two) according to the latest pollution characteristic coefficient issued by the competent department of environmental protection, timely maintenance and adjustment of the approved tax-related data;

  (three) to supervise, verify and inspect the basic data of taxpayers’ production and operation, the basic situation of pollutant discharge and the payable amount of environmental protection tax.

  Article 5 The competent department of environmental protection shall perform the following duties:

  (a) the municipal environmental protection department is responsible for formulating and adjusting the sampling measurement methods of this Municipality; To supervise and control the sewage discharge of taxpayers approved for calculation;

  (two) responsible for providing the relevant information obtained in the supervision and management of environmental protection to the district tax authorities;

  (three) to cooperate with the tax authorities to implement the tax inspection of environmental protection tax according to law.

Chapter II Calculation Methods

  Article 6 Taxable amount of pollutants generated by catering industry (without sewage discharge metering equipment), accommodation industry, washing and dyeing service industry (clothing), beauty salon and health care industry, bathing industry (foot washing and bathing), automobile and motorcycle repair and maintenance industry, photography and printing service industry and independent coal-fired boiler that cannot be verified and calculated according to the methods specified in Item 1 to Item 3 of Article 10 of People’s Republic of China (PRC) Environmental Protection Tax Law is:

  Taxable amount = characteristic index value × pollutant discharge characteristic coefficient × specific applicable tax amount

  The characteristic coefficient of emission shall be implemented in accordance with the Table of Characteristic Coefficient of Sewage Discharge of Some Small Tertiary Industries attached to these Measures (see Annex 1). The specific applicable tax amount is the applicable tax amount of taxable pollutants in Beijing.

  Article 7 The taxable amount of water pollutants in livestock breeding, small enterprises, catering and entertainment services (with sewage discharge metering equipment) and hospitals that cannot be calculated according to the methods specified in Items 1 to 3 of Article 10 of People’s Republic of China (PRC) Environmental Protection Tax Law is:

  Taxable amount = pollution equivalent number × specific applicable tax amount

  The pollution equivalent number is calculated by dividing the characteristic value of pollution discharge by the pollution equivalent value, which shall be implemented in accordance with the Water Pollution Equivalent Value of Livestock Breeding, Small Enterprises and Tertiary Industry (see Annex 2) attached to these Measures. The specific applicable tax amount is the applicable tax amount of taxable water pollutants in Beijing.

  Article 8 The taxable amount of dust generated by the construction site of the construction project is:

  Taxable amount = land area of construction site × 0.065 × construction period × adjustment coefficient of dust emission of construction site × specific applicable tax amount.

  The land area of the construction site of the construction project is the land area of the construction unit (including the agent). The construction period shall be calculated on a monthly basis. If the construction period is less than one month, the construction period shall be converted according to the actual construction days in different construction stages divided by the actual days in the current month. The adjustment coefficient of dust emission on the construction site shall be implemented in accordance with the Adjustment Coefficient of Dust Emission on the Construction Site attached to these Measures (see Annex 3). The specific applicable tax amount is the applicable tax amount of taxable air pollutants in Beijing.

  ninthstrip Construction sites include housing construction sites (including industrial plants), decoration sites, municipal infrastructure sites, demolition sites, greening sites, water sites, highway sites, railway sites, etc. within the administrative area of this Municipality.

  Article 10 The construction unit (including the agent) construction land area is determined according to the following methods:

  (a) according to the land, planning, housing and urban-rural construction departments issued by the state-owned land use certificate, the construction project planning conditions from the construction land planning permit (the construction project planning permit from building construction permits), the house ownership certificate or the immovable property certificate, as well as the approval documents of the administrative departments with approval authority or other relevant materials;

  (two) the main technical parameters such as length, width and pipe diameter should be provided when the area of linear projects such as highways, railways, water affairs and pipe networks is approved;

  (three) there is no relevant approval documents to prove the construction area of the project, the construction unit shall calculate the construction area according to the actual land area.

  Article 11 If the construction site of a construction project meets the Class II standard in the Grade Standard for Dust Management of Construction Sites attached to these Measures (see Annex 4) and meets the Class I standard, the tax payable shall be calculated according to the reduction factor of 50%; If it only meets the second-class standard, the tax payable shall be calculated according to the reduction factor of 100%; If the second-class standard is not met, the tax payable shall be calculated according to the reduction factor of 200%.

  If there is grade standard information in the dust management of the relevant government departments in the construction site of the construction project, the tax authorities shall determine the reduction coefficient based on this information.

  Article 12 The taxable amount of sulfur dioxide generated by gas facilities (burning municipal pipeline natural gas) that cannot be actually monitored is:

Taxable amount of sulfur dioxide

Chapter III Approval Methods

  Article 13 Taxpayers who meet the approved calculation conditions should fill in the Basic Information Collection Form of Environmental Protection Tax when registering the tax source of environmental protection tax for the first time, submit it to the competent tax authorities, and be responsible for the authenticity of the application materials.

  Article 14 Taxpayers who implement the approved calculation meet the calculation conditions of taxable pollutants stipulated in Items 1 to 3 of Article 10 of the People’s Republic of China (PRC) Environmental Protection Tax Law by installing, monitoring and measuring the emissions of atmospheric and water pollutants. If these measures are no longer applicable, they should re-fill in the Basic Information Collection Form of Environmental Protection Tax in the next month after the change, and make tax returns according to law.

  Article 15 When taxpayers file tax returns, they shall file and fill in the tax returns according to the following circumstances:

  (1) Taxpayers who are subject to the provisions of Article 12 of these Measures shall fill in the Environmental Protection Tax Declaration Form (Form A) to declare and pay taxes.

  (2) Taxpayers who apply other methods of these Measures shall fill in the Environmental Protection Tax Declaration Form (Form B) to declare and pay taxes.

  Article 16 These Measures shall be interpreted by Beijing Local Taxation Bureau and Beijing Environmental Protection Bureau.

  seventeenthArticle These Measures shall come into force as of January 1, 2018.