Order of the State Internet Information Office

No.5

　　The Regulation on Ecological Governance of Network Information Content has been deliberated and adopted at the meeting of the Office of National Internet Information Office, and is hereby promulgated and shall come into force as of March 1, 2020.

　　Director Zhuang Rongwen

　　December 15, 2019

　　

Provisions on ecological governance of network information content

Chapter I General Provisions

　　the first　In order to create a good network ecology, safeguard the legitimate rights and interests of citizens, legal persons and other organizations, and safeguard national security and public interests, these Provisions are formulated in accordance with the National Security Law of People’s Republic of China (PRC), the Network Security Law of the People’s Republic of China, the Measures for the Administration of Internet Information Services and other laws and administrative regulations.

　　the second　These Provisions shall apply to the ecological governance activities of network information content in People’s Republic of China (PRC).

　　The term "ecological governance of network information content" as mentioned in these Provisions refers to related activities such as promoting positive energy, disposing of illegal and bad information, etc., which are carried out by the government, enterprises, society, netizens and other subjects, with the cultivation and practice of socialist core values as the foundation, and the network information content as the main governance object, with the goal of establishing and improving a comprehensive network governance system, creating a clear cyberspace and building a good network ecology.

　　Article　The national network information department is responsible for coordinating the ecological governance of network information content and related supervision and management, and all relevant competent departments do a good job in ecological governance of network information content according to their respective responsibilities.

　　The local network information department is responsible for coordinating the ecological management of network information content and related supervision and management work within its administrative area, and the relevant local competent departments shall do a good job in the ecological management of network information content within their respective responsibilities.

Chapter II Producers of Network Information Content

　　Article 4　Producers of network information content shall abide by laws and regulations, follow public order and good customs, and shall not harm national interests, public interests or the legitimate rights and interests of others.

　　Article 5　Encourage producers of network information content to produce, copy and publish information containing the following contents:

　　(1) Propagandizing the Supreme Leader’s Socialism with Chinese characteristics Thought in the New Era and comprehensively, accurately and vividly interpreting Socialism with Chinese characteristics’s road, theory, system and culture;

　　(two) to publicize the party’s theoretical line, principles and policies and the major decisions and arrangements of the central government;

　　(three) to show the highlights of economic and social development, reflecting the great struggle and fiery life of the people;

　　(four) to carry forward the socialist core values, publicize the excellent moral culture and the spirit of the times, and fully display the high-spirited spirit of the Chinese nation;

　　(five) to effectively respond to social concerns, solve doubts and doubts, analyze things rationally, and help guide the masses to form a consensus;

　　(six) help to improve the international influence of Chinese culture and show the world a true three-dimensional and comprehensive China;

　　(seven) other content that stresses taste, style and responsibility, eulogizes truth, goodness and beauty, and promotes unity and stability.

　　Article 6　Producers of network information content shall not produce, copy or publish illegal information containing the following contents:

　　(a) against the basic principles set by the Constitution;

　　(2) endangering national security, revealing state secrets, subverting state power and undermining national unity;

　　(3) damaging the honor and interests of the state;

　　(4) distorting, vilifying, desecrating or denying the deeds and spirit of heroic martyrs, and infringing upon the names, portraits, reputations and honors of heroic martyrs by insulting, slandering or other means;

　　(5) Propagandizing terrorism or extremism or inciting the implementation of terrorist or extremist activities;

　　(6) Inciting national hatred and discrimination and undermining national unity;

　　(7) sabotaging the state’s religious policy and propagating cults and feudal superstitions;

　　(8) spreading rumors and disturbing economic and social order;

　　(9) Spreading obscenity, pornography, gambling, violence, murder, terror or abetting a crime;

　　(10) Insulting or slandering others and infringing upon their reputation, privacy and other legitimate rights and interests;

　　(eleven) other contents prohibited by laws and administrative regulations.

　　Article 7　Producers of network information content shall take measures to prevent and resist the production, reproduction and publication of bad information containing the following contents:

　　(a) the use of exaggerated titles, the content is seriously inconsistent with the title;

　　(two) speculation scandal, scandal, misdeeds, etc.;

　　(three) improper comments on natural disasters, major accidents and other disasters;

　　(four) with sexual suggestion, sexual teasing, etc., which is easy to cause sexual association;

　　(five) showing blood, horror, cruelty and other physical and mental discomfort;

　　(6) Inciting crowd discrimination and geographical discrimination;

　　(seven) to promote vulgar, vulgar and kitsch content;

　　(eight) may cause minors to imitate unsafe behavior and violate social morality, and induce minors to have bad hobbies;

　　(nine) other contents that have adverse effects on the network ecology.

Chapter III Network Information Content Service Platform

　　Article 8　The network information content service platform should fulfill the main responsibility of information content management, strengthen the ecological governance of network information content on this platform, and cultivate a positive, healthy and upward-oriented network culture.

　　Article 9　The network information content service platform shall establish the ecological governance mechanism of network information content, formulate the detailed rules for the ecological governance of network information content of this platform, and improve the systems of user registration, account management, information release review, post review review, layout and page ecological management, real-time inspection, emergency response, network rumors, and black industry chain information disposal.

　　The network information content service platform shall set up a person in charge of the ecological governance of network information content, and be equipped with professionals suitable for the business scope and service scale, strengthen training and assessment, and improve the quality of employees.

　　Article 10　The network information content service platform shall not disseminate the information specified in Article 6 of these Provisions, and shall guard against and resist the dissemination of the information specified in Article 7 of these Provisions.

　　The network information content service platform shall strengthen the management of information content, and if the information specified in Articles 6 and 7 of these Provisions is found, it shall immediately take disposal measures according to law, keep relevant records, and report to the relevant competent departments.

　　Article 11　Encourage the network information content service platform to adhere to the mainstream value orientation, optimize the information recommendation mechanism, strengthen the ecological management of layout pages, and actively present the information specified in Article 5 of these Provisions in the following key links (including service types and location sections, etc.):

　　(a) the first screen, pop-up window and important news content page of the Internet news information service;

　　(two) Internet users public account information service selection, hot search, etc.;

　　(3) Popular recommendation of blog and microblog information service, list category, pop-up window and information service section based on geographical location, etc.;

　　(four) Internet information search services such as hot search words, hot search pictures and default search;

　　(five) the first screen, list category, pop-up window, etc. of the home page of the Internet forum community service;

　　(six) the first screen, discovery, selection, list category, pop-up window, etc. of the home page of Internet audio and video services;

　　(7) Internet website navigation service, browser service, first screen of input method service, list category, skin, associative words, pop-up window, etc.;

　　(eight) digital reading, online games, online animation services home page first screen, selection, list category, pop-up, etc.;

　　(nine) life service, knowledge service platform home screen, popular recommendation, pop-up, etc.;

　　(ten) e-commerce platform home screen, recommendation area, etc.;

　　(eleven) mobile application stores, mobile intelligent terminals preset application software and built-in information content service first screen, recommendation area, etc.;

　　(twelve) the network information content columns, special areas and products specially serving minors;

　　(thirteen) other key links that are in the eye-catching position of products or services and are easy to attract the attention of users of network information content services.

　　The network information content service platform shall not present the information specified in Article 7 of these Provisions in the above key links.

　　Article 12　If the network information content service platform uses personalized algorithm recommendation technology to push information, it shall set up a recommendation model that meets the requirements of Articles 10 and 11 of these Provisions, and establish and improve the mechanism of manual intervention and user’s independent selection.

　　Article 13　Encourage the network information content service platform to develop a model suitable for minors to use, provide network products and services suitable for minors to use, and facilitate minors to obtain information beneficial to their physical and mental health.

　　Article 14　The network information content service platform shall strengthen the audit inspection of the advertising space set on the platform and the advertising content displayed on the platform, and shall deal with illegal advertisements according to law.

　　Article 15　The network information content service platform shall formulate and publicize the management rules and platform conventions, improve the user agreement, clarify the relevant rights and obligations of users, and perform corresponding management duties according to the law.

　　The network information content service platform shall establish a credit management system for user accounts and provide corresponding services according to the credit status of user accounts.

　　Article 16　The network information content service platform shall set up a convenient entrance for complaints and reports in a prominent position, announce the ways of complaints and reports, accept and dispose of public complaints and reports in a timely manner and feed back the results.

　　Article 17　The network information content service platform shall prepare an annual report on the ecological governance of network information content, which shall include the work of ecological governance of network information content, the performance of duties of the person in charge of ecological governance of network information content, and social evaluation.

Chapter IV Users of Network Information Content Services

　　Article 18　Users of network information content services shall use the network in a civilized and healthy way, earnestly fulfill their corresponding obligations in accordance with the requirements of laws and regulations and the user agreement, and participate in network activities in the form of posting, replying, leaving messages, barrage, etc., with civilized interaction and rational expression, and shall not release the information specified in Article 6 of these Provisions, and prevent and resist the information specified in Article 7 of these Provisions.

　　Article 19　The founders and managers of online groups and forums should fulfill the responsibility of managing groups and forums, and regulate the information release in groups and forums according to laws and regulations, user agreements and platform conventions.

　　Article 20　Encourage users of network information content services to actively participate in the ecological governance of network information content, supervise illegal and bad information on the Internet through complaints and reports, and jointly safeguard a good network ecology.

　　Article 21　Users, producers and platforms of network information content services shall not use the network and related information technologies to commit such illegal acts as insulting, slandering, threatening, spreading rumors and infringing on others’ privacy, thus harming others’ legitimate rights and interests.

　　Article 22　Users, producers and service platforms of network information content shall not infringe upon the legitimate rights and interests of others or seek illegal interests by publishing, deleting information or other means of interfering with information presentation.

　　Article 23　Users, producers and service platforms of network information content shall not engage in activities prohibited by laws and administrative regulations by using new technologies and applications such as deep learning and virtual reality.

　　Article 24　Users and producers of network information content services and network information content service platforms are not allowed to commit traffic fraud, traffic hijacking, false account registration, illegal account trading, user account manipulation and other acts by manual means or technical means, thus undermining the ecological order of the network.

　　Article 25　Network information content service users, network information content producers and network information content service platforms shall not use party flag, party emblem, national flag, national emblem, national anthem and other symbols and contents representing the image of the party and the country, or use the names of major national events, major anniversaries and state organs and their staff to carry out online business marketing activities in violation of laws and regulations.

Chapter V Network Industry Organization

　　Article 26　Encourage industry organizations to play the role of service guidance and bridge, guide member units to enhance their sense of social responsibility, sing the main theme, promote positive energy, oppose illegal information, and prevent and resist bad information.

　　Article 27　Encourage industry organizations to establish and improve industry self-discipline mechanisms, formulate industry norms and self-discipline conventions for ecological governance of network information content, establish detailed rules for content audit standards, guide member units to establish and improve service norms, provide network information content services according to law, and accept social supervision.

　　Article 28　Encourage industry organizations to carry out education, training, publicity and guidance on the ecological governance of network information content, improve the governance capacity of member units and employees, and enhance the awareness of the whole society to participate in the ecological governance of network information content.

　　Article 29　Encourage industry organizations to promote the construction of industry credit evaluation system, establish an evaluation and reward mechanism such as industry appraisal according to the articles of association, increase the incentive and punishment for member units, and strengthen the sense of trustworthiness of member units.

Chapter VI Supervision and Administration

　　Article 30　Network information departments at all levels shall, jointly with relevant competent departments, establish and improve working mechanisms such as information sharing, consultation and notification, joint law enforcement, case supervision, information disclosure, etc., and jointly carry out ecological governance of network information content.

　　Article 31　Network information departments at all levels carry out supervision and inspection on the performance of the main responsibility of information content management by the network information content service platform, and carry out special supervision on the platform with problems.

　　The network information content service platform shall cooperate with the supervision and inspection carried out by the network information department and the relevant competent departments according to law.

　　Article 32　Network information departments at all levels shall establish an account management system for illegal activities of the network information content service platform, and deal with them according to the law and regulations.

　　Article 33　The network information departments at all levels shall establish a supervision and evaluation mechanism with the participation of the government, enterprises, society, netizens and other subjects, and regularly evaluate the ecological governance of the network information content service platform within their respective administrative areas.

Chapter VII Legal Liability

　　Article 34　If the producer of network information content violates the provisions of Article 6 of these Provisions, the network information content service platform shall, in accordance with the law, take measures such as warning and rectification, limiting functions, suspending updates, closing accounts, etc., promptly eliminate illegal information content, keep records and report to the relevant competent departments.

　　Article 35　If the network information content service platform violates the provisions of Article 10 and Article 31, paragraph 2 of these Provisions, it shall be dealt with by the relevant competent departments such as the network letter according to their duties and in accordance with the provisions of the Network Security Law of the People’s Republic of China, the Measures for the Administration of Internet Information Services and other laws and administrative regulations.

　　Article 36　If the network information content service platform violates the provisions of the second paragraph of Article 11 of these Provisions, the network information department at or above the municipal level shall conduct an interview according to its duties, give a warning and order it to make corrections within a time limit; Refuses to correct or if the circumstances are serious, it shall be ordered to suspend the information update and be dealt with in accordance with the provisions of relevant laws and administrative regulations.

　　Article 37　Network information content service platform in violation of the provisions of Article 9, Article 12, Article 15, Article 16, Article 17, by the district above the municipal level network information department according to the duties of interviews, given a warning, ordered to make corrections within a time limit; Refuses to correct or if the circumstances are serious, it shall be ordered to suspend the information update and be dealt with in accordance with the provisions of relevant laws and administrative regulations.

　　Article 38　In violation of the provisions of Article 14, Article 18, Article 19, Article 21, Article 22, Article 23, Article 24 and Article 25, the relevant competent departments such as online letters shall, according to their duties, deal with them in accordance with the provisions of relevant laws and administrative regulations.

　　Article 39　According to laws, administrative regulations and the relevant provisions of the state, the network information department shall, jointly with the relevant competent departments, establish and improve a joint disciplinary mechanism for serious breach of trust in network information content services, and impose disciplinary measures such as restrictions on engaging in network information services, online behavior restrictions, and industry bans on network information content service platforms, network information content producers and network information content users who seriously violate these provisions according to laws and regulations.

　　Article 40　In violation of the provisions, causing damage to others, shall bear civil liability according to law; If the case constitutes a crime, criminal responsibility shall be investigated according to law; If it does not constitute a crime, it shall be punished by the relevant competent department in accordance with the provisions of relevant laws and administrative regulations.

Chapter VIII Supplementary Provisions

　　Article 41　The producer of network information content as mentioned in these Provisions refers to the organization or individual that produces, copies and publishes network information content.

　　The term "network information content service platform" as mentioned in these Provisions refers to the network information service provider that provides network information content dissemination services.

　　The term "users of network information content services" as mentioned in these Provisions refers to organizations or individuals that use network information content services.

　　Article 42　These Provisions shall come into force as of March 1, 2020.

Angela Zhang; Angela Chang

1905 movie network news　 Did you get hit by a melon provided by Angela Zhang this afternoon?

Christine, Angela Zhang

It is said that the feud between Angela Zhang and Christine has a long history, which may date back to 8 years ago. …

At that time, Angela Zhang and Christine, both of whom belonged to Fumao Record Company, were still related to each other. Christine was a fellow teacher and sister of Angela Zhang, but Angela Zhang got ahead.

Christine; Fan Fan

You know, Christine has always been Fumao’s "own daughter". In 2000, she debuted with the album "Fan Fan’s World", and with the rhythm of an album almost every year, she also won her place with her distinctive timbre and the appearance of an oxygen beauty. In 2006, she also challenged to be a variety show host. Although her hosting skills were lacking, the style of silly elder sister was also considered by the outside world as her "truth" and "simplicity" and became an example of high-quality idols at that time.

Angela Zhang; Angela Chang

However, Angela Zhang was not favored at the beginning of her debut, but with her wonderful performance in many idol dramas, the sweet and lovely Angela Zhang gained a lot of popularity and became the queen of idol dramas at that time. The songs performed in the play are also very popular, such as "Lost Beauty" and "Invisible Wings" … After that, many records and idol dramas made Angela Zhang quickly popular on both sides of the strait.

"if things" MV

In 2005, in order to "kiss his daughter" Christine, Fumao tied Angela Zhang and Christine, who were in the limelight, and a song "What If" was born. Later, under the arrangement of the company, the cooperation between the two people broke out frequently, which made this "plastic sisterhood" warm up.

Angela Zhang Christine’s early intimate photo.

But at that time, it seemed that the two were really like sisters, and their feelings were very good. No matter what the occasion, Angela Zhang takes Christine with him, and almost all the guests in each concert are Christine.

Christine (left)Claire Kuo (middle) Angela Zhang (right)

Under the fermentation of "sisterhood", Christine’s popularity has also been improved. Fumao seems to have enjoyed the benefits, and won the popularity of Claire Kuo through the influence of Angela Zhang and Christine.

However, during this period, there were rumors from time to time that Angela Zhang and Christine did not agree because of the "dispute of one elder sister".

Until 2008, Angela Zhang stopped work due to a heart attack and went back to Canada to recuperate. Later, Zhang’s mother broke the affair, and the mother and daughter broke the news that they had turned against each other and abandoned their foster care. During this period, Zhang’s mother also took all Angela Zhang’s savings, which was even more exciting than the dog blood drama.

Angela Zhang’s mother-daughter dispute farce

In the end, Angela Zhang held a press conference to announce that the fate of mother and daughter had ended, but Angela Zhang’s career was affected and plummeted.

Christine avoided the Angela Zhang incident.

When Angela Zhang experienced various changes, the so-called "good sister" Christine not only avoided Angela Zhang, but also poached Angela Zhang’s assistant Lv Danshui. The company also added fuel to the fire and caused a contract dispute.

The two were embarrassed on the same stage in 2010.

In 2010, although they sang the familiar melody again on the same stage, they were embarrassed to overflow the screen.

Christine isLv danshui is unfair.

In 2011, Angela Zhang and Fumao officially terminated their contract, and Christine sent a message for Lu Danshui, the assistant of her husband Chen Jianzhou, insinuating that Angela Zhang was not good to his assistant in Weibo. Although Angela Zhang also fought back, it did not arouse much splash because of the loss of popularity.

Angela Zhang responded.

The tables have turned, and 2015 is like being "lowered" for Christine, which is also the beginning of the collapse of Christine.

Christine is on the small S program.

Christine military parade basks in the baby to recruit black.

After giving birth, Christine was scolded by Xiao S when she was in Kangxi. She and Wu Peici formed a small team to crowd out herself and Da S, which made netizens feel that she was hypocritical and fickle. After digging a grave, she actually tore up the black history of Wu Peici, Christine, and the feud with Angela Zhang. In the same year, Christine also recruited a large amount of Bosnia and Herzegovina powder because she made a blog in the military parade. Afterwards, she responded, and everyone who saw it had to worry about her double business.

Record the same program

And when everyone thought that it was impossible for them to be on the same stage again, last year’s program "Masked Singers Will Guess" let them be on the same stage again. Although there was no confrontation, it was full of gunpowder.

Full of gunpowder

In September 2017, after the broadcast of the program, Angela Zhang wrote: "Everyone should have intimate friends, and the hypocritical world will get sick if it stays for a long time." Many netizens thought this was an allusion to Christine, but Angela Zhang quickly retorted that he was just expressing his feelings and didn’t target anyone. It was also after Angela Zhang made this wave of refutation that the fighting temporarily subsided for a while.

Angela Zhang responded.

It was also the wonderful performance of Angela Zhang in the program that made her return to everyone’s sight after years of silence, and accumulated popularity and popularity for the return. Bazaar Charity Night also seemed to unblock her hot search system.

Angela Zhang; Angela Chang

Recently, Angela Zhang’s wonderful performance in "The Singer" is also remarkable, and her own story sung in the program has caused netizens to dig up her old feud with Christine, so that Weibo in Christine has been cursing.

Weibo, Christine

User message

Christine also posted a blog suspected of responding to netizens’ claims: "With you, my mother is not afraid of anything." But it backfired, and was angered by netizens not to use children as a shield.

Mr. and Mrs. Chen Jianzhou Christine

The war of abuse that lasted for many days summoned Chen Jianzhou to the end, and there was also a hot search for [Chen Jianzhou’s domineering wife] yesterday.

Chen Jianzhou fabo

In the early morning of March 1, he showed a video of his wife Christine’s concert in Weibo and expressed his deep feelings: "I love your kindness and uncontested personality … and I like that even if you are wronged or even maliciously slandered, you never say bad words!"

Netizen left a message insulting.

However, it was abused by netizens, and Chen Jianzhou even launched a "battle" with netizens in his comments.

Chen Jianzhou calls for rejection of cyber violence

And from the early morning to the evening, I am not only busy protecting my wife, but also calling for "rejecting cyber violence."

Christine Weibo lower control review

Also in Christine’s Weibo comment area for control and evaluation maintenance.

Angela Zhang updateMeaningful, Weibo

Just at noon today, when the hot search cooled down, Angela Zhang sent out a meaningful Weibo, which caused a hot discussion among netizens: "Black and white dogs don’t scream for attention. Shh ~ Mom went to work and will come back to see you soon."

Angela Zhang sun-dried dog

The people who eat melons found that this Weibo is not simple … This is a … sun-dried dog. …

　　CCTV News:On July 25 th, the "International Sharp Review" of the Central Radio and Television General Station broadcasted the title "Who is the White House in a hurry to send checks to farmers?" The article was reprinted and published by many overseas media.

　　On July 25th and 26th, Germany’s "German-Chinese Report" website, Spain’s Global Iberian Media Client, Italy’s RADIOWE website (facebook, twitter), Portugal’s Lisbon Rainbow Radio website (facebook), Brazil’s Sao Paulo World Radio and Television website (facebook), Brazil’s Rio Headline Radio and Television website (facebook), Brazil’s Romantic Radio website, Brazil’s Business Observer website, Many overseas media, such as Ururau newspaper website, Indian Daily Morning News website, Turkish Economic Observation Network, Chinese PT portal, Chinese headline APP, Portuguese New Newspaper APP(facebook, twitter), European Union Chinese website, West Africa online website, Africa Times website, Greek China website, Japanese Chinese business website and so on, have forwarded them one after another. On 26th, Hong Kong Ta Kung Pao and Wen Wei Po published this article. The main reports are as follows:

　　US President Trump said on Tuesday that he would provide an agricultural subsidy of up to $12 billion to help American farmers tide over the growing trade war between the United States and China, the European Union and other countries.

　　Prior to this, one of the reasons why the United States provoked trade wars with many trading partners was that their products exported to the United States had so-called government subsidies. Now, the White House has also begun to issue subsidies. Isn’t this hitting yourself in the face? ! Trump’s move once again proves that economists have always warned the White House, that is, "there is only a double loss in the trade war, and there is no winner."　

　　The essence of trade is win-win, whether it is cooperation or competition. However, this US administration seems to be paranoid and firmly believes that trade is a zero-sum game. Obviously, I bought bread to fill my stomach, and I have to accuse the bread seller of being a winner and a loser. This logic is too twisted!

　　The White House’s use of taxpayers’ huge funds as agricultural subsidies is the inevitable result of its imposition of punitive tariffs on goods from global trading partners, which eventually leads to retaliation from many parties. Among them, the American agricultural economic belt is one of the key targets of retaliatory measures by various countries. Those American farmers are precisely the victims of Trump’s trade war, and they are swallowing the consequences of the irrational and outrageous tariff policy of the White House.

　　As the world’s largest exporter of agricultural products, the export of agricultural products in the United States reached a record high in 2017, with a trade surplus of $21.3 billion. Since the trade war, trading partners including EU, Canadian, Mexican and China have been forced to impose retaliatory tariffs on agricultural products originating from the United States. The USDA estimates that these countermeasures will cause about $11 billion in losses to American agricultural products.

　　The United States has always accused other countries of subsidy policies, saying that this practice violates the provisions of the WTO. Now, the White House has picked up taxpayers’ money and done what it has always been illegal in its own eyes. In a sense, this is also a set of votes for the mid-term elections in November this year. This sanctimonious double standard is overbearing: "Only I can set fire, but you can’t light a lamp".

　　However, can the White House check really solve its problem? As Blake Horst, director of the Missouri Department of Agriculture, said, unless the White House policy changes, the pressure on American agriculture will continue. Short-term or temporary remedial measures cannot solve the substantive problems. Brian Kuhl, executive director of Farmers for Free Trade, believes that American farmers need contracts instead of subsidies, and with contracts, they can make plans for the future with peace of mind.

　　Previously, Trump believed that the trade war would be beneficial to the US, and the trade war would be easy to fight and win. Today’s results show that things are not as simple as he thought. This is because the US government’s subsidies to agriculture will inevitably bring out a series of related problems. Alaska Senator Lisa Mokowski is asking: What about manufacturing? Energy field? What about oil and gas industry? What is the standard of subsidy or not?

　　The New York Times pointed out in the editorial that those manufacturers who need to pay high prices for steel and aluminum because of the trade war need subsidies? Do workers who are unemployed because Harley-Davidson motorcycles transfer production lines need subsidies? Do producers of bourbon affected by the trade war need subsidies?

　　If the United States continues to subsidize other industries affected by the trade war, then the Trump administration will face many challenges, on the one hand, the problem of money bags, on the other hand, the legitimacy of subsidies. As for the legality of the latest US$ 12 billion subsidy, it is estimated that many countries will submit it to the WTO for adjudication.

　　In fact, the White House is very clear about how to solve the situation. Republican Senator Ben Sass said that a trade war is like cutting farmers’ legs, and then the White House plan is to give them a pair of pure gold crutches worth $12 billion. "The government’s tariffs and relief will not make the United States great again, but will come again in 1929 (the Great Depression)."

　　Senator rand paul tweeted: "Tariffs are equivalent to increasing taxes on American consumers and producers. If tariffs punish farmers, then the answer is not welfare, but the abolition of tariffs. "

　　Analysts pointed out that the United States continued the tariff war by granting subsidies to farmers. On the one hand, it reflected its double standards and "two-faced" approach in international trade, which showed the hypocrisy and hegemony of the United States. On the other hand, it also reflected the Don Quixote-style approach of the United States, which not only created a lot of uncertainty for other countries, but also endangered the global multilateral trading system and brought serious chaos to its own country.

　　A number of overseas media forwarded international critical articles:

The German "German-Chinese Report" website was forwarded on July 25, 2018

　　Spain Universal Iberian Media Client forwarded on July 25, 2018

　　Italian RADIOWE website (facebook, Twitter) forwarded on July 25, 2018.

　　Portugal Lisbon Rainbow Radio website (Facebook) forwarded on July 25, 2018.

　　Brazilian "Business Observer" website forwarded on July 25, 2018

　　India’s "Daily Morning News" website was forwarded on July 25, 2018

　　Forward by Turkish Economic Observer Network on July 25, 2018

　　Portuguese news APP(facebook, Twitter) forwarded on July 26, 2018.

　　Hong Kong Ta Kung Pao was published on July 26, 2018

　　Hong Kong Wen Wei Po was published on July 26, 2018.

　　[PConline evaluation] "Keeping pace with the times" is like the blood flowing in the body of a technology manufacturer. Without blood, you can’t survive; Without hematopoiesis, there is no vitality. And "keeping pace with the times" has different concrete appearances in different industries and different types of manufacturers. For example, in the notebook industry we are going to talk about next, "keeping pace with the times" means using the latest hardware and adopting a design language that fits the times and approaches consumers.

　　From the hardware point of view, the latest hardware is nothing more than Intel’s eight-generation (thin notebook)/nine-generation (game notebook) processors and NVIDIA’s MX (thin notebook) /RTX (game notebook) graphics cards. As a leader in the notebook industry, what kind of new hardware is connected in series and what kind of design is used to make Lenovo’s products stand out in the fierce competition in the market? This time,

　　Intimate design and accurate positioning of users

　　Just as black and white is an eternal classic, simplicity is a design that never falls behind. However, simplicity does not mean monotony, and how to distinguish simplicity from monotony, Lenovo Xiaoxin Air 15 2019 is realized by small corner LOGO embellishment.

　　The front of Lenovo Xiaoxin Air 15 2019 is treated with frosting and spraying technology. On the whole, it looks strong in metal texture, and it is dry and delicate in practice.

　　On the front of Nuoda, except Lenovo Logo in the upper left corner, the notebook has no other gaudy logo, which is concise and clear, not only conforms to the design pursuit of simplicity and fashion of young people at present, but also shows the neatness and competence of business elites when taking it on business trips.

　　When it comes to the use of business elites, Lenovo Xiaoxin Air 15 2019 is equipped with many practical interfaces. Among them, from the outside to the inside, USB 3.1 interface x 2, SD card reader and small hole with "one-button recovery" function are arranged on the right side. The external USB 3.1 interface can charge mobile phones, tablets and other devices even if the computer is turned off. The notebook is cleverly transformed into a large charging treasure, and there is no need to carry multiple charging treasures on business trips, which is easy and enjoyable; The "one-button recovery" function converted from the ThinkPad blue key can also help users get out of trouble easily when they encounter intractable problems such as system crash/computer blue screen.

　　As for the left side, the power interface, HDMI display interface, USB Type-C interface and 3.5mm 2-in-1 audio interface are listed in turn. With the addition of USB Type-C interface, the diversified interface support of the computer is realized. No matter what type of data cable the mobile phone uses, there is always an interface suitable for you.

　　At the back of the rotating shaft and the bottom of the notebook, a large fence corresponds to the cooling fan of the notebook, and the heat generated when the notebook runs large software also has sufficient cooling space.

　　In addition, different from the traditional four-corner foot pads, Lenovo Xiaoxin Air 15 2019 uses 2+1 rubber foot pads at the bottom, with long and thick rubber foot pads. With the first two small foot pads, the notebook can be used stably in more scenes.

　　Thanks to the flexibility of the rotating shaft, the opening and closing angle of Lenovo Xiaoxin Air 15 2019 model can reach 180. It is also very convenient to play drama on the sofa/bed in leisure time and discuss ideas with others at work.

　　The narrow bezel design that keeps pace with the times generally stays at a width of 7.5mm in the market, while Lenovo Xiaoxin Air 15 2019 has achieved a width of 4.25mm, which makes the notebook screen account for as much as 85.3%. The 15.6-inch notebook looks only the size of the traditional 14-inch notebook. When users are working, their horizons are wider and their mood is naturally brighter, and they can also feel greater vision when watching movies.

　　Due to the integration of the camera and microphone required for video, the forehead of Lenovo Xiaoxin Air 15 2019 is not as narrow as the borders on both sides, but it is still much narrower than the ordinary models on the market. On this narrow forehead, Lenovo skillfully added a physical peep-proof switch to the camera, turned it off to the left and turned it on to the right. In an era when privacy is increasingly valued, sometimes an excellent design language is a small and intimate design that meets the needs of the times.

　　Now that we talk about privacy protection, fingerprint recognition is indispensable for a light notebook that keeps pace with the times. In the lower right corner of the keyboard of Lenovo Xiaoxin Air 15 2019, the fingerprint recognition function is added to Lenovo Xiaoxin Air 15 2019. This pressed fingerprint key can be used as a power-on key, and it can be unlocked to enter the system when it is dormant, thus avoiding the embarrassment of inputting passwords in front of many people and effectively protecting personal privacy.

　　Maybe you will ask, with this button, what is the function of the power button in the upper right corner? Just as the "one-button recovery" function exists, a backup scheme is also needed for the safety of business use. The existence of the power key is not only the first entrance when fingerprint identification is not set, but also the second entrance when fingerprint identification fails.

　　In order to get a better feel, many users like an external mechanical keyboard. Going on a business trip means saying goodbye to the mechanical keyboard, but using Lenovo Xiaoxin Air 15 2019 does not mean saying goodbye to a good feel.

　　Lenovo Xiaoxin Air 15 2019 keyboard adopts an isolated chocolate keyboard, and each key exists independently, with a distance of 19.05mm, which is not easy to touch by mistake; The key stroke is 1.3mm, and the quick tapping response is quick; Coupled with the matte paint on the surface of the keycap, although the feel is not as good as that of the mechanical keyboard, it is definitely not bad for business trips.

　　In addition, it is not difficult to use the backlight at night by calling up the backlight through FN+ space bar. And the digital keyboard area that makes full use of space will greatly improve the office efficiency for friends who have to deal with numbers every day.

　　In the touchpad part, Lenovo Xiaoxin Air 15 2019 adopts an integrated glass touchpad solution. The area looks small, but it is very sensitive and smooth in actual operation. It can complete accurate operation only by clicking and gesturing, and it is not a big problem without a mouse in daily office.

　　Surrounding dolby pro logic with 15.6-inch ultra-narrow bezel and high color gamut full HD IPS full screen not only provides users with excellent audio and video experience visually but also audibly.

　　In terms of thickness and weight, Lenovo Xiaoxin Air 15 2019 is made of aluminum alloy metal, which provides sufficient strength guarantee for the fuselage, and also makes the whole notebook lighter. The thinnest part is 16.9mm, and the 15.6-inch fuselage with power adapter is only 2.3kg (1.76kg for the fuselage), so it is relatively light to carry on business trips.

　　Excellent configuration to enhance user experience On the screen side, Xiaoxin Air15 2019 adopts the popular "high color gamut IPS screen", which has a high color gamut coverage of 72%NTSC, and the screen resolution is 1920×1080. The surface layer is treated with anti-glare atomization, and with the high brightness of 300 nits, it also has a good impression under strong light.

　　On the processor side, Lenovo Xiaoxin Air 15 2019 is an eight-generation Core i7-8565U equipped with Intel’s latest Whiskey Lake architecture. This processor has been enhanced, and its performance is at least 10% higher than that of the i7-8550U introduced earlier, with a main frequency of 1.8GHz, a turbo frequency of 4.6GHz, 4 cores and 8 threads, a third-level cache of 8 MB, and a TDP of 15W.

　　With a stronger eight-generation Core i7-8565U, Lenovo Xiaoxin Air 15 2019 also enables multi-mode support. Through FN+Q, users can switch between beast, mute and balanced modes at will.

　　When the external power supply is inconvenient for business trip, use the "silent" mode with longer battery life; Leisure and entertainment want to play games such as League of Legends to start the "beast"; Multi-mode selection also makes it better adapt to more usage scenarios.

Silent mode

Beast mode

　　Then, under different modes, what is the performance difference of Lenovo Xiaoxin Air 15 2019? We tested its lowest performance "silent" mode and the strongest performance "beast" mode through CINEBENCH R15. The results are shown in the figure, and the final results of the "silent" mode are: multi-core 542cb and single-core 160cb；; Final results of "Beast" mode: multi-core 694cb, single-core 171cb.

　　Judging from the score, the silent mode is quite different from the Beast mode, but don’t underestimate the performance of the silent mode, which is only a little lower than i7-8550U (single core 166cb, multi-core 561cb), which also means that in the silent mode, any browser can be opened more, office software can be used, or PS retouching, video editing and simple rendering can be done.

　　As for the "Beast" mode, the single-core performance basically exceeds that of the previous generation i7-7700HQ standard voltage. In other words, this processor has more than enough computing power to deal with some mainstream online games.

　　Since there is no problem with the computing power of the processor, the only other factor that may hinder the notebook from playing is the core temperature. We use AIDA for this part? 64 Carry out CPU copying test on Lenovo Xiaoxin Air 15 2019. Under the condition of 100% high load, we can see that the core temperature of i7-8565U fluctuates regularly between 70℃ and 90℃, and the whole process processor runs stably without sudden frequency drop. It is not easy to perform stably at high temperature. This achievement is not only due to the low power consumption of Intel processor, but also thanks to the design skill of Lenovo’s double fans, double copper pipes and die cooling of the whole machine.

　　During the copying process, we tested Lenovo Xiaoxin Air 15 2019 with infrared thermometer. Under the condition of room temperature of 26.1℃, the high temperature area of the machine is mainly concentrated in the heat dissipation port at the rotating shaft, with the highest temperature of 47.3℃. Only by touching that position with your hands can you feel the temperature.

　　As for the graphics card, NVIDIA MX250 has a core frequency of 1519MHz and a memory frequency of 1752MHz. It is full of blood without castration, and its performance is improved by 5% ~ 10% compared with the "full blood version" MX150, which can meet the needs of ordinary 3D online games and barely getting started eating chicken. In addition, the editing speed of general pictures and videos such as Photoshop, Illustrator, Lightroom and Premiere will be faster.

　　In the hard disk part, Lenovo Xiaoxin Air 15 2019 has a built-in 1T PCIe SSD. In the test of CrystalDiskMark, the sequential reading and writing speed of 1G file is as high as 3453MB/s and 2107MB/s, and the random reading and writing performance of 4K is 37.35MB/s and 77.78mb/s. To be honest, it is quite unexpected that the sequential reading and writing can reach such a high speed. This side reflects that Lenovo uses the same amount of materials in invisible places, and uses high-standard hardware at any cost, in exchange for a smooth user experience with 5 seconds of boot and rapid software response. In terms of product scalability, according to the official product introduction, Xiaoxin Air15 2019′ s memory supports a maximum of 20G dual-channel memory expansion. The SSD also supports dual SSDs, with extra M.2242 extension bits reserved, and supports PCIe bus and NVMe protocol as well as the main hard disk bits. As a thin notebook with a thickness of only 16.9mm, its storage scalability is still worthy of recognition.

　　The battery life-related part is a highlight of Air15 2019. Compared with the previous generation of 45Wh and the current situation that the products of the same level are mostly hovering at 50-60Wh, this year’s Air15 2019 battery has jumped to a super-large capacity of 70Wh, which is a ride in the same level of light and thin books. The official announcement has the longest battery life of 19 hours. Of course, this is the theoretical time. In fact, it is closer to the scene used by users. We recommend using PC Mark8′ s Work mode battery life test. Due to the compatibility problem with the language pack of PC Mark8, it is temporarily impossible to carry out the battery life simulation test on the test machine on hand. According to the results released by netizens at present, the longest working mode can reach about 7-8 hours. This has obvious advantages over the common score of about 5 hours.

　　In addition to the large battery, Air15 2019 also supports ultra-fast charging technology, claiming that it can be used for 4 hours after charging for 1 quarter of an hour, and it can use the fragmented time to quickly "return blood" to the computer. However, the description of 65W high-power adapter reminds me of Z6 Pro’s "27W fast charging adapter" some time ago, which is funny manually.

　　Summary:

　　Even if it is implemented in notebooks, the performance of "keeping pace with the times" is different because of different product segments. Lenovo Xiaoxin Air 15 2019, based on the common elements such as large screen, all-metal, thinness and uniqueness, also strengthened the two outstanding advantages of screen quality and battery capacity, and explained to you the configuration and design language that a large-size business thinness should have. Its version of i5/8G/1T SSD/MX250 is priced at only 5499 yuan, which is still very competitive in a light and thin book of 5000 yuan. .

　　At present, the temperature in winter is changeable, cold and hot, and respiratory infectious diseases such as influenza enter the high-incidence season.

　　According to the press conference of the National Health and Wellness Committee, at present, with the continuous winter in various places, respiratory diseases have entered a period of high incidence. Monitoring shows that influenza is the main infectious disease of respiratory tract recently. In addition, there are rhinovirus, mycoplasma pneumoniae, respiratory syncytial virus, adenovirus and so on.

　　Recent monitoring in Guangzhou shows that acute respiratory infectious diseases mainly caused by influenza and mycoplasma pneumoniae are active, and respiratory infections caused by rhinovirus, adenovirus, respiratory syncytial virus and other common respiratory pathogens are intertwined. In particular, the level of influenza activity has increased significantly. At present, influenza A (H3N2 subtype) and influenza B (Victoria strain) are prevalent at the same time, and influenza is gradually entering the winter epidemic period.

　　How to judge which pathogen is infected? Influenza, mycoplasma pneumoniae and respiratory syncytial virus infection will all have symptoms such as cough and fever. How to distinguish them?

　　flu

　　Influenza is an acute respiratory infectious disease caused by influenza virus. Influenza patients and recessive infected people are the main sources of influenza infection, and the transmission route is mainly droplet transmission, but also through direct or indirect contact with mucous membranes such as mouth, nose and eyes.

　　The incubation period is 1-4 days, and the acute onset is mainly manifested as fever (high fever can occur in some cases, reaching 39-40℃), cough, sore throat, headache, myalgia and general malaise, and there may be symptoms such as chills, chills, aches and pains in muscles and joints all over the body, fatigue and loss of appetite. Some patients may be accompanied by vomiting, abdominal pain and diarrhea, which are more common in children.

　　Influenza patients generally have a good prognosis. After 3-4 days of onset, their body temperature gradually subsides and their systemic symptoms improve. However, children, the elderly, people with basic diseases, obese people and pregnant women are prone to develop into severe diseases after infection, so they should be treated promptly.

　　Vaccination with influenza vaccine can effectively reduce infection, even if it is infected, it can also reduce the incidence, and even if it is infected, it can also reduce the severity of the disease.

　　Mycoplasma pneumoniae

　　Mycoplasma pneumoniae is the smallest known microorganism that can live independently between bacteria and viruses. It is mainly transmitted by droplets and direct contact, and the population is generally susceptible, especially in children and adolescents over 5 years old. Usually, when the seasons change, for example, when summer turns to autumn or autumn turns to winter, there may be local and short-lived clustering epidemics.

　　The incubation period is 2-3 weeks, and the main symptoms are similar to those of most respiratory diseases, with fever and cough as the main symptoms. Generally, the cough is severe, and it may last for 1-2 weeks after the fever has gone down. After children are infected with mycoplasma, most of them show upper respiratory tract infection, a small number of them are lower respiratory tract infection (possibly bronchitis or pneumonia), and a small number of them may develop into severe mycoplasma pneumonia.

　　Generally speaking, after mycoplasma infection, there will be no repeated infection in a short period of time (1-2 months). It should be noted that if the symptoms of infection recur, it is often that the last mycoplasma pneumoniae infection did not heal, and the local lesions were not completely removed and secondary infection occurred.

　　At present, there is no vaccine to prevent mycoplasma pneumoniae infection. If you have fever accompanied by severe cough, you should see a doctor in time, find out the cause as soon as possible, standardize the treatment, and avoid using drugs blindly.

　　Respiratory syncytial virus

　　Respiratory syncytial virus is a common and highly contagious RNA virus. Spread through droplets and close contact, or spread through contaminated hands and surfaces.

　　The incubation period is usually 2-8 days, and detoxification can last for 1-3 weeks. Patients often have upper respiratory symptoms after infection, and the typical symptoms of children infected with syncytial virus are fever, cough, stuffy nose and runny nose. The typical symptoms of adult infection are very similar to the common cold, such as low-grade fever, cough, stuffy nose and runny nose.

　　Most patients’ symptoms will disappear spontaneously within 1-2 weeks, and a small number can develop into lower respiratory tract infection (i.e. bronchiolitis or pneumonia), which is more common in young infants. Clinical symptoms include cough and wheezing.

　　At present, there are no syncytial virus vaccines and special therapeutic drugs on the market in China. Syncytial virus can be repeatedly infected and easily spread at home, and infection can be prevented by strengthening personal protection and other measures.

　　Rhinovirus

　　Rhinovirus is one of the main pathogens causing the common cold. Mainly through direct contact and droplet transmission; Infants, the elderly and immunocompromised people are susceptible to rhinovirus.

　　The incubation period is 2-5 days, and the clinical manifestations are mainly runny nose, sneezing, throat discomfort, nasal congestion, cough, mild sore throat, low or slightly elevated body temperature, often accompanied by sinusitis and otitis media. Although rhinovirus infection can gain immunity, it lasts for a short time, so people can be infected with rhinovirus repeatedly.

　　At present, there is no specific prevention and treatment method. The patient’s condition is generally self-limited, with mild symptoms and can be cured in a week or so.

　　adenovirus

　　Adenovirus is not a new virus, it is a common virus that causes respiratory infection in children, and it is the main cause of community-acquired pneumonia in children. It can spread through droplets, close contact and fecal-oral route, and can also spread through water. Babies over 6 months old, school-age children and immunocompromised people are the high-risk groups of adenovirus infection.

　　The course of disease is usually 5-7 days, but the symptoms may last for up to 2 weeks, which may be complicated with bacterial infection. Symptoms vary according to the affected parts, and may include: fever, sore throat, runny nose, cough, earache, conjunctivitis (also known as "red eye"), diarrhea and hoarseness.

　　Adenovirus infection is mostly self-limited and supportive treatment is adopted. Antiviral therapy is usually only used for severe adenovirus disease, and most of these patients have impaired immune function.

　　At present, there is no adenovirus vaccine in China, and the prevention of adenovirus infection mainly focuses on hygiene, especially hand hygiene.

　　How to scientifically prevent respiratory diseases in daily life?

　　1. Wash your hands frequently. Wash your hands with soap or hand sanitizer and flowing water. Cover your mouth and nose with a handkerchief or paper towel when sneezing or coughing to avoid polluting your hands and the surrounding environment.

　　2. More ventilation. Keep the indoor air circulating, and generally ventilate 2-3 times a day at home in winter for about 30 minutes each time.

　　3. gather less. During the epidemic of infectious diseases in winter and spring, try not to go to crowded places and avoid contact with patients with respiratory diseases. It is recommended to wear masks when you need to go.

　　4. Drink plenty of boiled water. Keep the nasal mucosa moist, effectively resist the invasion of viruses, and also facilitate the excretion of toxins in the body and purify the environment in the body.

　　5. Eat a balanced diet and exercise properly to enhance your physical fitness (outdoor activities should be reduced in foggy days).

　　6. Vaccinate. Vaccine is an effective means to prevent related infectious diseases. For infectious diseases such as influenza, chickenpox and mumps, susceptible people can be prevented by vaccination in advance.

　　7. Once infected with infectious diseases in winter and spring, patients should take hospitalization or rest at home according to their illness and doctor’s advice, and avoid participating in group activities and entering public places during this period. Resume daily activities such as going to school and going to work after it is not contagious.

　　Source: "Guangzhou CDC I Health" WeChat WeChat official account

　　[Global Network Reporter Zhang Xiaoya] According to Agence France-Presse, the Brazilian government said on March 29th that China and Brazil had reached an agreement to trade in local currency instead of using the US dollar as an intermediate currency.

　　Agence France-Presse said that this agreement will enable China and Brazil, the largest economy in Latin America, to conduct large-scale trade and financial transactions directly, and exchange RMB for the real, and vice versa, instead of using the US dollar as an intermediate currency. The report said that the agreement was announced after the China-Pakistan high-level business forum held in Beijing. In January this year, the two sides reached a preliminary agreement on this.

　　"This is expected to reduce costs … … Promote bilateral trade and investment facilitation. " The Brazilian Export Investment Promotion Agency said in a statement.

　　Agence France-Presse said that China is Brazil’s largest trading partner, with bilateral trade reaching a record $150.5 billion last year.

　　Bloomberg reported on March 25th that before Brazilian President Lula’s visit to China, hundreds of representatives of Brazilian agricultural enterprises "flocked to Beijing" this week, seeking to increase export cooperation with China and attract investment. Reuters also said that the delegation visiting China is huge, including cabinet ministers, governors, parliamentarians and 240 business leaders. Most of Brazil’s beef, soybeans and wood pulp are exported to China. Brazilian Foreign Ministry officials said that Brazil hopes to expand its trade with China beyond the export of iron ore, soybeans, soybean oil and meat, and is ready to sign agreements on technology, innovation and sustainable development.

　　According to the news published on the website of the People’s Bank of China in February, recently, the People’s Bank of China and the Central Bank of Brazil signed a memorandum of cooperation on establishing RMB clearing arrangements in Brazil. The establishment of RMB clearing arrangements in Brazil will be beneficial to enterprises and financial institutions in China and Pakistan to use RMB for cross-border transactions, and further promote the facilitation of bilateral trade and investment.

Original title: China strikes back! Accompany the Sino-US trade war provoked by Trump to the end

In the early hours of last night, US President Trump formally signed a presidential memorandum to impose punitive tariffs on China’s imports and exports worth $60 billion to punish "China’s theft of American intellectual property". When Trump signed this memo, he still recited in his mouth:

This is just the beginning.
This is the first of many.

Trump signed a presidential memorandum at the White House. Photo from: Xinhua News Agency Trump’s move officially started a trade war with China, and he also suffered a loss of 800 yuan. As soon as the news came out of the earthquake in the US stock market, the Dow Jones Industrial Average plummeted by more than 700 points, and the three major stock indexes all fell by more than 2.4%, the biggest drop in a single day in more than a month.

This news has also implicated the global stock market, and the global stock market is full of sorrow. After the opening of the China stock market, the Shanghai and Shenzhen Stock Index 300 also recorded a decline of more than 3%. By the close, the Shenzhen Component Index fell by 4.02%, and the Shanghai Composite Index also fell by 3.39%. More than 400 stocks in the Shanghai and Shenzhen stock markets fell.

Cui Tiankai, China’s ambassador to the United States, faced Trump’s restrictive measures against China, and Cui Tiankai, China’s ambassador to the United States, quickly responded through the official Facebook. Cui Tiankai said that the accusation of China’s intellectual property infringement was "unfounded" and China did not want to fight a trade war, but it was not afraid of a trade war:

We will definitely fight back, and we will retaliate. If someone wants to play hard, we will play hard with them to see who will last longer. Trump has been planning for a long time. According to this presidential memorandum just signed by Trump, the Office of the US Trade Representative will formulate a specific plan to impose tariffs on China goods within 15 days, and will also sue China to the World Trade Organization for related issues. At the same time, the U.S. Treasury Department will issue relevant plans within 60 days to restrict China enterprises’ investment and mergers and acquisitions in American enterprises.

At present, the Trump administration hasn’t revealed which China goods it will impose tariffs on. However, according to foreign media reports such as The New York Times, the United States will introduce 100 tariff measures against China, and the US Trade Representative Office has drawn up a list of 1,300 goods worth $48 billion. New York Post commented on this tariff measure:

Trump’s order to impose tariffs on China’s goods and restrict China’s investment in the United States is a slap in the face to the world’s second largest economy. Trump said that these measures are aimed at solving the US$ 375 billion trade deficit with China, and bluntly said that these tariffs "make us a stronger and richer country". This may be the American dream in Trump’s eyes. In fact, Trump has been planning to take a stronger trade strike against China since he took office.

The main basis for this tariff increase on China is the "301 investigation" launched by the United States against China last year. On August 14th last year, Trump signed an executive order authorizing US Trade Representative Wright Heze to formally launch a trade investigation on China in the fields of technology transfer, intellectual property rights and innovation in accordance with Section 301 of the Trade Act of 1974. On August 18th, Wright Heze announced the official launch of the "301 investigation" in China.

Trump signed an executive order to launch a "301 investigation" against China. This trade bill, which was born during the Cold War, has always been the hegemonic weapon of American unilateralism, and now it is being used again against China. Since 2001, the United States has only launched a "301 investigation" against Ukraine in 2013. Over the past 30 years, the United States has launched "301 investigation" on China many times, among which the most frequent investigation was in the 1980s and 1990s. The last time was in 2010, the United States announced the launch of the "301 investigation" on China’s clean energy policies and measures, but in the end, China and the United States reached an agreement through negotiations, and the United States did not take any measures.

It may also be that in the past, the United States only used the "301 investigation" as a deterrent. When Trump announced the launch of the "301 investigation" on China last year, many media and scholars thought that the symbolic significance was greater than the actual significance. The New York Times and the Financial Times both pointed out at that time that there was little chance of a Sino-US trade war because of the length of the investigation and geopolitical factors. Like the time he was elected president, Trump gave the United States and the world a big "surprise" this time. In fact, in January this year, the United States announced that it would impose temporary tariffs on imported solar cells and panels and large household washing machines. Earlier this month, Trump announced that he would impose high tariffs on imported steel and aluminum. Trump’s determination to go further and further on the road of "trade protectionism" is already obvious.

The former site of a steel mill in Guangzhou, China. The steel produced in China actually accounts for only about 2% of the steel used in the United States. Photo: The New York Times At the G20 meeting that ended not long ago, U.S. Treasury Secretary Mnuchin once again stressed that a series of tariff measures in the United States are to protect their industries from the impact of dumping and unfair competition. However, American companies don’t seem to buy it. A few days ago, 45 trade associations, including Apple, Google, Nike and Wal-Mart, jointly called on the Trump administration to suspend its plan to impose tariffs on China products.

Photo from: After Trump announced the imposition of tariffs on China on a large scale, the new york Times warned that the decision of American business organizations to use tariffs to solve the problem may be counterproductive. Imposing tariffs not only harms American consumers, but may also lead to retaliation.

Photo from: YouTube, the National Retail Federation, believes that increasing tariffs will "make ordinary Americans punished for China’s violations". Accompany to the end! China strikes back. As stated in an earlier statement of China’s embassy in the United States, China is not only not afraid of a trade war, but will also make a strong counterattack to the end. On the morning of March 23rd, China’s Ministry of Commerce also officially issued a statement on this Trump tariff measure, and responded to the US trade measure with actions.
China decided to impose tariffs on some imported goods from the United States, so as to balance the losses caused to China’s interests by the United States imposing tariffs on imported steel and aluminum products.

The Ministry of Commerce issued a list of products that were suspended from the 232 measures to import steel and aluminum products from the United States and solicited public opinions. The list included 128 items in 7 categories, involving about 3 billion US dollars of American exports to China. The list was divided into two parts. The first part included 120 items, involving 977 million US dollars of American exports to China, including fresh fruits, dried fruits and nut products, wine, modified ethanol, American ginseng, seamless steel pipes and other products. The second part includes 8 taxes, involving US$ 1.992 billion in exports to China, including pork and its products, recycled aluminum and other products. It is proposed to impose a 25% tariff.

The Ministry of Commerce pointed out that the United States restricted the import of products on the grounds of "national security", which seriously undermined the multilateral trading system represented by the WTO and seriously interfered with the normal international trade order. In fact, in the face of Trump’s Si Mazhao heart, China’s counterattack has already begun. Yesterday, China’s Ministry of Commerce issued two announcements in succession. One was to decide to continue to levy anti-dumping duties on photographic paper imported from the European Union, the United States and Japan, and the other was to file an anti-dumping review on hydroquinone imported from the United States and Japan.

Trump’s "shooting yourself in the foot": When commenting on Trump’s trade measures, both China officials and American media used a sentence: shooting yourself in the foot. China’s ambassador to the United States clearly pointed out in the statement:

This move by the United States will also lift a rock and drop it on its own feet, which will directly harm the interests of American consumers, companies and financial markets, and will also have a negative impact on the international trade order and world economic stability.

The New York Times also published an article entitled "Trump tariff war will lift a rock and drop it on your own feet? "article, the article quoted the views of trade experts:

These policies will alienate allies and undermine the potential for collective action by countries that are equally dissatisfied with China, thus weakening the position of the United States in the world. In an article, the Financial Times said that Trump was not fully prepared for this explosive trade war:

Trump’s trade war with China may turn into a quagmire for a long time, just like the invasion of Afghanistan. According to a research report recently released by the American Information Technology Innovation Foundation, if the Trump administration imposes a 25% tariff on information and communication technology products imported from China, it will cause the US economy to lose about $332 billion in the next 10 years.

Trump’s stroke of a pen has a great impact on China, the United States and the world, but it is also in line with Trump’s style. It’s just that Trump may have made a decision that harms others, and the global stock market crash has just begun. However, this boot has not yet fully landed. Before the bill to increase tariffs is officially implemented, there will be a consultation period, and members and other relevant people can also propose amendments to this tariff policy, which is also the last room for manoeuvre.

However, who can persuade Trump?

Special feature of 1905 film network Six days after its release, The Four Kings of Di Renjie in the same period earned 1.447 billion yuan and 409 million yuan respectively, with a gap of more than three times.

Box Office Comparison between The Richest Man in Xihong City and Di Renjie (Source: Taobao Film Professional Edition)

But before the release, the data of the two films were not the same.

As of July 18th, The Four Kings had 37,000 first-day screenings, while the first-day screenings of The Richest Man in Xihong City were only 18,000.

At that time, Tsui Hark’s third Di Renjie series was far ahead of Mahua FunAge’s fourth, whether it was momentum or pre-sale. The latter’s online pre-sale is even just a fraction of the former.

But the data changed on the day of the release. On the day of the release, "Four Kings" opened 115,000 screenings, with a box office of over 100 million. However, "The Richest Man in Xihong City" won twice the box office income of Tsui Hark’s costume fantasy blockbuster with an extra gap of 30,000 games.

Comparison of box office and film arrangement of two films on the first day of release (July 27)

On the morning of 28th, the douban score of "Xihong City" also surpassed "Di Renjie" by 0.1.

We asked a publicist of "The Richest Man in Xihong City", and she revealed that the online pre-sale of the film was really late. However, based on the huge audience, it is not surprising to achieve the current box office results.

　

"Our distribution team went to a city like Qiqihar and found that the cinema was full in the afternoon." She said.

Xiao Dianjun learned that in the pre-heating stage of publicity, Alibaba Pictures, one of the producers of "The Richest Man in Xihong City", built a ticketing platform fan community, "Xihong City Community".

Users can join the Xihong community and become Xihong citizens by clicking "Want to See". In the community, through game interaction, film association and ticket purchase guidance are carried out.

Relevant people told Xiao Dianjun,At present, the number of "citizens" in this community has reached 1.91 million: "At different stages, it has brought many benefits to let users interact and spread."

　

Compared with "Xihong City", the marketing efforts of "Di Renjie" are slightly lacking. At the beginning of Huayi’s "Former 3" tasted the sweetness through the marketing of short video platforms such as Tik Tok, as its film, "Four Kings" inevitably used these platforms to gather young people.

Comparison of official account data of two films in Tik Tok

"As a channel platform, Tik Tok is actually similar to Weibo and WeChat a few years ago. As a social platform, it can directly deliver some marketing actions to customers, and it is an unavoidable channel platform in this year’s project implementation." A propaganda of "Four Kings" tells us that he also mentioned that the advantage of such a platform is that there is no middleman to earn the difference.

　

Because it has been five years since the last Di Renjie was released, the promotion of Four Kings pays special attention to the marketing of young people.

In addition to the behind-the-scenes tidbits, the short videos of Four Kings on Tik Tok include "CP" of Mark Chao and Kenny Lin, "Shui Yue Makeup" created by many masters and Carina Lau’s "This is Jison" and other funny clips.

Various short videos of "Four Kings" launched on Tik Tok.

Tsui Hark even accepted an interview with the barrage website. At present, the video has been played 261,000 times and there are 3,000 barrage.

The propagandist said that it is necessary for the film’s marketing to sink: "Because of the theme,’ sinking’ lacks natural advantages. However, there are also some relaxed elements in Di Renjie, including some behind-the-scenes content, which can actually be handed over to users through short-sightedness and stimulate the desire to watch movies. "

Although it uses the same marketing platform as Previous 3, it is obvious that the influence of Four Kings on these short video platforms is not as strong as that of Previous 3.

During the film "Ex-3" was released, its three theme songs kept a very high volume in Tik Tok, and many people even used these three pieces of music as their short video background sounds to shoot their crying scenes after coming out of the cinema.

　

The related vibrato videos of "Previous 3" often get millions of praises.

This emotional attachment to the past is very easy to infect more people who watch short videos, which indirectly leads to more people entering the cinema.

　

In 1960s, david ogilvy, an American advertising master, put forward the advertising 3B principle — — Beauty (beauty), Baby (baby) and animal (Beast), that is, advertising can attract consumers’ attention if it meets one of the 3B principles, thus stimulating purchases.

　

Now, half a century later, the current audience’s preference for video content has not got rid of this principle. According to the propagandists of "Four Kings", in film marketing, Tik Tok users prefer to create videos specially made for Tik Tok, rather than Tik Tok packaging of materials.

On the other hand, "The Richest Man in Xihong City" carried out a series of related publicity with the football elements in the film as the selling point, and what helped Mahua FunAge was that after the film just caught up with the Russian World Cup, the topic of football remained unresolved.

Shen Teng, the founder, not only explained the World Cup, but also appeared in fashion magazines as a football player.

　

However, the release of an "AV Milan" material attracted many fans’ antipathy to the film and made the film almost hot.

Later, the concepts promoted by The Richest Man in Xihong City became "funny" and "how to spend 1 billion RMB".

　

A person familiar with the matter told Xiao Dianjun that Calories, which was sung by Rocket Girl, was the cooperation of Shen Teng in the early stage of Creation 101. In the eyes of the marketing staff interviewed, this cooperation is indeed one of the biggest marketing of the film.

However, this staff member told us that the promotion song "Under the Rainbow" sung by Zhao Lei has a better effect and has attracted more attention in various communities.

　

On the attention of WeChat, "Xihong City" is indeed ahead of "Di Renjie".

According to the data of the ticketing platform, after 6 days of release, the WeChat index of "The Richest Man in Xihong City" rose instead of falling, reaching 30.7%; The "Four Kings" has now dropped to 4.9%.

In WeChat official account, there are 13,000 articles about "The Richest Man in Xihong City", with a total reading of more than 8 million; There are 11,000 "Four Heavenly Kings", and the total reading is half of the former.

　

Looking through these articles by WeChat official account, we find that the key words of The Richest Man in Xihong City include "Spend money hard", "Don’t be profound" and "Poverty limits imagination", and the main theme is the simplest and rudest "Rich", which is funny.

From pre-sale to marketing, Di Renjie has not fallen behind, but the angle and means of exerting its strength remain to be discussed. In contrast, on the other hand, "The Richest Man in Xihong City" seems to be "no move to win."

The critics and the general audience have been arguing about which is the higher quality of the two films. Judging from the box office figures and ratings of various platforms, Di Renjie is an unavoidable "complete failure" for Xihong City.

I have to say that the victory of "The Richest Man in Xihong City" lies in fully catering to the expectations and preferences of the current audience.

In this regard, we don’t know whether it is "happiness" or "worry".

Jianshi [2019] No.18

Housing and Urban-Rural Development Departments of all provinces and autonomous regions, Human Resources and Social Security Departments, Housing and Urban-Rural Development Committees of municipalities directly under the Central Government, Human Resources and Social Security Bureau, Housing and Urban-Rural Development Bureau of Xinjiang Production and Construction Corps, and Human Resources and Social Security Bureau:

　　The Ministry of Housing and Urban-Rural Development and the Ministry of Human Resources and Social Security have formulated the Measures for the Administration of Real-name System for Construction Workers (Trial) in order to implement the requirements of the Opinions of the General Office of the State Council on Comprehensively Governing the Wage Arrears of Migrant Workers (Guo Ban Fa [2016] No.1) and the Opinions of the General Office of the State Council on Promoting the Sustainable and Healthy Development of the Construction Industry (Guo Ban Fa [2017] No.19). Is issued to you, please combine the actual situation in the region, conscientiously implement.

Ministry of housing and urban-rural development of the people’s Republic of China

ministry of human resources and social security of the people’s republic of china

February 17, 2019

Measures for the administration of real-name system for construction workers (for Trial Implementation)

　　Article 1 In order to standardize the order of the construction market, strengthen the management of construction workers, safeguard the legitimate rights and interests of construction workers and construction enterprises, ensure the project quality and safe production, cultivate professional and skilled construction workers, and promote the sustained and healthy development of the construction industry, in accordance with the Construction Law, the Labor Contract Law, the Opinions of the General Office of the State Council on Comprehensively Governing the Wage Arrears of Migrant Workers (Guo Ban Fa [2016] No.1) and the Opinions of the General Office of the State Council on Promoting the Sustainable and Healthy Development of the Construction Industry,

　　Article 2 The term "real-name registration system of construction workers" as mentioned in these Measures refers to the system of comprehensive management of the employment, training, skills and rights protection of construction workers recruited by construction enterprises by means of authentication of real identity information.

　　Article 3 These Measures shall apply to housing construction and municipal infrastructure projects.

　　Article 4 The Ministry of Housing and Urban-Rural Development and the Ministry of Human Resources and Social Security shall be responsible for formulating the national regulations on the management of real-name system for construction workers, and guiding and supervising the implementation of real-name system management for construction workers in various places; Responsible for organizing the implementation of the planning, construction and management of the national construction worker management service information platform, and formulating the data standard of the national construction worker management service information platform.

　　Article 5 The housing and urban-rural construction departments and human resources and social security departments below the provincial level (autonomous regions and municipalities directly under the Central Government) shall be responsible for the real-name management of construction workers in their respective administrative areas, formulate the real-name management system for construction workers, and urge construction enterprises to fully implement the requirements for the real-name management of construction workers at the construction site; Responsible for establishing and perfecting the real-name management platform for construction workers in this administrative region, ensuring the completeness, timeliness and accuracy of all data, and realizing the communication and sharing with the national construction workers management service information platform.

　　Article 6 The construction unit shall agree with the construction enterprise on the relevant contents of implementing the real-name management of construction workers, urge the construction enterprise to implement various measures for the real-name management of construction workers, create conditions for the construction enterprise to implement the real-name management of construction workers, and pay the wages of construction workers in full and on time to the special account for wages opened by the construction enterprise in the bank according to the progress of the project.

　　Article 7 A construction enterprise shall undertake the responsibility of real-name management of construction workers on the construction site, formulate its own real-name management system for construction workers, equip full-time (part-time) real-name management personnel for construction workers, and upload relevant data to the real-name management platform of construction workers of relevant departments in real time, accurately and completely through information means.

　　General contracting enterprises (including construction general contracting, engineering general contracting and professional contracting enterprises that directly sign contracts with the construction unit according to law, the same below) take overall responsibility for the real-name management of construction workers who undertake the project, while subcontracting enterprises take direct responsibility for the real-name management of construction workers they employ, and cooperate with general contracting enterprises to do relevant work.

　　Eighth full implementation of the real-name management system for migrant workers in the construction industry, adhere to the construction enterprises and migrant workers to sign labor contracts before entering the site for construction. Construction enterprises should sign labor contracts with recruited construction workers according to law, provide them with basic safety training, and register on the real-name management platform of relevant construction workers before allowing them to enter the construction site to engage in activities related to construction operations.

　　Article 9 Project managers such as project leaders, technical leaders, quality leaders, safety leaders, and labor leaders shall bear the corresponding responsibilities for the real-name management of construction workers who undertake the project. Project managers and construction workers of construction units, contractors and supervision units who enter the construction site are all included in the real-name management of construction workers.

　　Tenth construction workers should cooperate with the relevant departments and the real-name management of the construction enterprises, and must sign labor contracts and receive basic safety training before entering the site.

　　Eleventh real-name registration system information of construction workers consists of basic information, employment information, integrity information and other contents.

　　The basic information should include the identity card information, education level, type of work (major), skill level (professional title or post certificate) and basic safety training of construction workers and project managers.

　　Employment information should include jobs, labor contract signing, attendance, salary payment and employment records.

　　Credit information should include credit evaluation, complaint reporting, good and bad behavior records and other information.

　　Twelfth general contracting enterprises should be based on the real identity information, collect the basic information of construction workers and project management personnel entering the construction site, and timely verify and update; Truly and completely record the employment information of construction workers’ jobs, labor contract signing, attendance and salary payment, and establish a real-name management ledger for construction workers; According to the real-name management requirements of construction workers where the project is located, the collected information of construction workers will be uploaded to relevant departments in time.

　　Construction workers who have entered the national construction workers management service information platform and have no data update for more than one year (including one year) shall be re-trained in basic safety when they are engaged in construction work, and relevant information shall be recorded, otherwise they shall not enter the construction site for post work.

　　Thirteenth construction enterprises should be equipped with hardware facilities and equipment necessary to realize the management of construction workers in real-name registration system. In principle, the construction site should be closed, an entrance and exit access control system should be set up, and biometric technologies such as face, fingerprint and iris should be used for electronic punching. Engineering projects that do not have closed management conditions should adopt technologies such as mobile positioning and electronic fence to implement attendance management. Relevant electronic attendance and electronic files such as images and videos shall be kept for at least 2 years.

　　The cost of implementing the real-name management of construction workers can be included in the safety civilized construction measures and management fee.

　　Article 14 A construction enterprise shall, according to the labor contract, directly pay wages to construction workers in full monthly through the special account for wages of migrant workers, and set up a "notice board for rights protection of construction workers" in a prominent position on the construction site to disclose relevant information.

　　Article 15 Housing and urban-rural construction departments at all levels, human resources and social security departments, construction enterprises, system platform development and application units shall formulate systems and take measures to ensure the safety of data and information related to real-name management of construction workers, as well as the authenticity and integrity of real-name registration system information of construction workers, and shall not omit or conceal it.

　　Article 16 Housing and urban-rural construction departments and human resources and social security departments at all levels should strengthen data sharing with relevant departments, establish an early warning mechanism for the protection of construction workers’ rights and interests through data utilization analysis and the use of new media and information technology channels, effectively protect the legitimate rights and interests of construction workers and improve their ability to serve them.

　　Seventeenth housing and urban-rural construction departments at all levels, human resources and social security departments should supervise and inspect the implementation of real-name management of construction workers by lower departments, and order rectification within a time limit for problems found; Refused to rectification or rectification is not in place, to interview the relevant responsible person; After the interview, it still refuses to make rectification or rectification is not in place, which is included in the scope of key supervision and brought to the attention of relevant departments for accountability.

　　Article 18 Housing and urban-rural construction departments at all levels shall, in accordance with the requirements of "double randomness and one openness", strengthen the daily inspection of the implementation of the real-name management system for construction workers at the construction site of their respective administrative areas, and investigate and handle complaints and reports related to the real-name management of construction workers. Those who violate the labor security rights and interests of construction workers, such as not signing labor contracts according to law and unpaid wages, shall be dealt with by the human resources and social security department in conjunction with the housing and urban-rural construction department according to law; Illegal problems or case clues involving the functions of other departments should be transferred in time according to the division of responsibilities.

　　Nineteenth housing and urban-rural construction departments at all levels can include the real-name management of construction workers in the standardized site assessment content. Real-name registration system information of construction workers can be used as the basis for relevant departments to deal with labor disputes of construction workers. All relevant departments should formulate incentive measures to support construction enterprises that effectively implement the real-name management of construction workers. If there is no wage arrears within a certain period of time, the wage deposit for migrant workers can be reduced or exempted.

　　Article 20 The housing and urban-rural construction departments at all levels shall correct the irregularities of enterprises and individuals found in the supervision and inspection, such as fraud, omission and concealment, make rectification within a time limit, enter them into the real-name management platform of construction workers and upload them to relevant departments in time. Refuse to rectify or rectification is not in place, can be dealt with through exposure, verification of enterprise qualifications, etc., there is wage arrears, can increase the proportion of migrant workers’ wage deposit payment, and record related bad behavior in enterprise or personal credit files, and announce it to the public through the national construction market supervision public service platform.

　　Twenty-first it is strictly forbidden for housing and urban-rural construction departments at all levels and human resources and social security departments to designate construction enterprises to purchase related products in the name of implementing the real-name management of construction workers; It is not allowed to arbitrarily charge fees under various pretexts, which will increase the extra burden of enterprises. Those who violate the rules and require construction enterprises to use a certain product or collect fees at random should be corrected immediately; If the circumstances are serious, it shall be submitted to the relevant departments for accountability according to law, and if the case constitutes a crime, criminal responsibility shall be investigated according to law.

　　Twenty-second levels of housing and urban and rural construction departments, human resources and social security departments should be combined with local conditions, formulate the detailed rules for the implementation of these measures.　　

　　Article 23 These Measures shall be interpreted by the Ministry of Housing and Urban-Rural Development and the Ministry of Human Resources and Social Security.

　　Article 24 These Measures shall come into force as of March 1, 2019.

The company’s 2023 annual report recently disclosed by Kexing Pharmaceutical shows that the company achieved an operating income of 1.259 billion yuan, down 4.32% year-on-year, a net profit loss attributable to listed shareholders of 190 million yuan, and a non-net profit loss attributable to shareholders of listed companies of 201 million yuan.

The loss in 2023 is also the second year since 2022 that Kexing Pharmaceutical has fallen into a loss, and the amount of loss has intensified. The annual report disclosed by Kexing Pharmaceutical also shows that the company invested 345 million yuan in research and development in 2023, setting a new high since its listing. However, although R&D investment continued to increase, Kexing Pharmaceutical not only failed to turn losses, but further increased its losses. The turnover rate of scientific research personnel in Kexing Pharmaceutical is around 21.63%, and in 2023, the company lost half of its doctors.

Addition and subtraction of doctor introduction and loss

The data shows that in 2023, the company introduced 17 new doctors, and the number of doctors in 2022 was 25. However, the number of doctors disclosed in the company’s 2023 annual report was only 20. In other words, although 17 doctors were introduced, 22 doctors left the company in 2023, which means that 17 postdoctoral doctors were introduced and half of them left Kexing Pharmaceutical in 2023.

How does Kexing Pharmaceutical, which relies on high-end talents for drug research and development, maintain innovation in research and development? What are the hidden dangers behind the abnormally high turnover rate of high-end talents?

Except for doctors, the overall number of R&D personnel of Kexing Pharmaceutical is in a state of substantial loss. The data shows that in 2022, the number of graduate students in the company was 87, and in 2023, the number of graduate students has been reduced to 79; In 2022, the number of R&D personnel with bachelor’s degree was 72, and in 2023, the number of R&D personnel with bachelor’s degree was only 53; In 2022, the number of R&D personnel with junior college or below was 24, and in 2023, it has dropped sharply to 11.

In 2022, there were 208 R&D personnel in the company, and in 2023, the number of R&D personnel in the company has been reduced to 163, a year-on-year decrease of 21.63%. In 2020 and 2021, the number of R&D personnel in the company was 170 and 194 respectively. In 2023, the number of R&D personnel of the company also hit a new low since listing.

R&D investment has reached a new high, but R&D personnel have been greatly lost and net profit has been greatly lost. For example, Kexing Pharmaceutical has fallen into a strange circle of more R&D investment and more losses this year.

The R&D investment of listed companies in the same industry disclosed in the company’s research report shows that the R&D investment of Tebao Bio, Sihuan Bio, Sanyuan Gene, Wan Ze Co., Ltd. and Cain Technology accounted for 13.33%, 14.42%, 20.65%, 16.68% and 12.22% of the operating income respectively, while the R&D investment of Kexing Pharmaceutical accounted for 27.4% of the operating income in 2023.

Overseas commercialization is not effective only by shouting.

The annual report disclosed this time also exposed the embarrassing reality of the company’s overseas commercialization strategy.

The annual report shows that the company’s export revenue in 2023 was 138 million yuan. Compared with 2022, the company’s export revenue did not rise but fell. In 2022, the company achieved overseas sales revenue of 161 million yuan, an increase of 61% over the same period of last year, setting a record high.

Kexing Pharmaceutical once regarded overseas commercialization as an important strategy, and the company indicated that it would devote itself to building the most valuable overseas commercialization platform in China. However, in three years, the company’s export income still accounts for only about 10% of the company’s operating income.

As early as 2021, Kexing Pharmaceutical introduced albumin paclitaxel, and obtained the technology of albumin paclitaxel and its commercial rights except the American market. However, albumin paclitaxel has only recently passed the GMP certification of the European Union, and if the drug goes on the market, it needs to be approved by the European Union Marketing Permit Application (MAA).

Although the company has introduced a total of 12 products, signed contracts with customers in more than 40 countries and submitted applications for registration of imported products, it still seems that it has not been sold in overseas markets. "infliximab, bevacizumab, albumin paclitaxel and other products have successively completed on-site audits in Egypt, Brazil, Indonesia, the European Union and other countries, and it is expected that overseas sales of the above products will be realized in 2024.

On the evening of May 24th, Kexing Pharmaceutical released the 2024 restricted stock incentive plan (draft). The number of restricted shares to be granted is 3.786 million shares, with a total of 147 people to be encouraged.

The assessment year of this incentive plan is two fiscal years from 2024 to 2025, and it is assessed once in each fiscal year. Taking the company’s overseas sales revenue in 2023 as the performance base, the growth rate of overseas sales revenue in each assessment year or the cumulative number of overseas registration documents was assessed. Based on the overseas sales revenue in 2023, it is planned that the growth rate of overseas sales revenue will be 50%-100% in 2024 and 200%-400% in 2025.

In 2023, the company’s export revenue will decline instead of rising, but in 2025, the overseas sales revenue will increase by two to four times. Although the vision of Kexing Pharmaceutical is beautiful, it still has a long way to go.

Original title: "It is related to Kexing vaccine! Look quickly! 》

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