Text | market value observation Xiao Li flying knife

Editor | Xiao Shimei

Recently, the international gold price is witnessing history every day, and the current price once exceeded $2,380 per ounce.

Under the skyrocketing price of gold, ETFs tracking the spot price of gold also ushered in brilliant performance. Among them, the gold ETF Huaxia (518850) rose nearly 16% in more than one month, which was more than 50% higher than the low point in March 2021, which caused great concern in the market. In the eyes of many professional organizations, this round of gold bull market is far from over.

【 cycle cycle 】

Historically, the price of gold has experienced many rounds of bull-bear cycles.

After the Great Depression in 1929-1933, most developed economies abandoned the gold standard and implemented the paper money system. As a functions of money, gold has been greatly weakened, and the price of gold is facing revaluation, which has soared by more than 70% in just a few years. This is the first time that people have witnessed the power of gold.

Since then, the international gold price was tepid, and it was not until 1970-1980 that the second super bull market was ushered in, with a cumulative increase of 430%.

In 1971, Nixon brazenly announced the suspension of the exchange of dollars into gold, the Bretton Woods system collapsed and the value of gold was revalued again. In addition, after the decoupling of the US dollar from gold, the US fiscal and monetary policies were like wild horses, which eventually led to a round of hyperinflation, which also drove the current round of gold prices to rise sharply to some extent.

Subsequently, gold ushered in a 20-year super bear market. During this period, gold continued to depreciate, in sharp contrast to the rising prices of major economies around the world. Among them, American prices soared by 500%.

In 2000, before the bursting of the Internet bubble in the United States, the global stock market was extremely enthusiastic, and gold was at the end of the bear market cycle, gradually bottoming out and opening the road to rebound.

From 2006 to 2008, there was a super bubble in the American real estate market, and the price of gold continued to rise to a high of $1,000. Since then, with the collapse of Lehman Brothers, the subprime mortgage crisis has swept the world. As a major asset, gold has also fallen more than 20% following the stock market and bond market in just a few months.

In November 2008, the United States officially launched the QE policy, and large-scale over-issuance of money saved finance and economy from fire and water. The European Central Bank also implemented quantitative easing policy and expanded its balance sheet rapidly. The huge amount of liquidity continuously depressed the market interest rate and entered the zero interest rate range in December 2011. In the same period, the Bank of Japan’s QE and QQE policies came out.

The global mainstream currencies flooded, the real interest rate of the US dollar fell, and gold rose all the way to 2011, with the highest exceeding $1,900 per ounce.

▲COMEX gold main futures price chart, source: Chocie

After this bull market, gold ushered in a bear market for nearly seven years. The price of gold once dropped from a high level to $1,045 per ounce in 2015, with a cumulative decline of 46%. After that, it oscillated at the bottom for several years and started a new bull market cycle in October 2018.

From the perspective of historical deduction, once the gold price enters the bull market or bear market cycle, the trend will not end soon, and the duration can often last for more than 10 years. If this gold bull market follows the historical laws, it is a good choice to invest in gold-themed index funds such as gold ETF Huaxia (518850).

"Different bull market"

As we all know, gold has three attributes, including finance, hedging and commodities.

Financial attributes are mainly priced by two major indicators, one is inflation expectation and the other is nominal interest rate. To put it simply, gold has been used as a "hard currency" against inflation over the years-inflation has gone up, and gold tends to rise; Deflation, gold tends to fall. Nominal interest rate generally regards the yield of 10-year US bonds as opportunity cost. When the nominal interest rate goes down, gold tends to go up, and vice versa.

The combination of two factors, that is, the real interest rate (nominal interest rate-inflation expectation), is one of the important logics that determine the long-term trend of gold prices.

Hedging is the most important attribute of short-term fluctuation of gold, but it can’t support the performance of gold price in the medium and long term. Commodity attributes are weaker than the first two, because the demand for gold consumption (such as gold ornaments) is relatively stable and the supply is relatively stable, which often has little impact on the price of gold.

Then, since October 2018, why has a sharp bull market broken out in gold? How is this different from previous cycles?

From October 2018 to the end of 2022, there was a relatively obvious negative correlation between gold and the real interest rate as a whole, which was not very different from the past big cycle.

▲ US real interest rate VS gold futures price trend, source: m square

At the end of 2018, the Federal Reserve entered the end of the interest rate hike cycle since 2015, and then cut interest rates three times in 2019. In 2020, when the COVID-19 epidemic crisis hit, the Federal Reserve quickly lowered the federal benchmark interest rate to zero, and its balance sheet expanded by $5 trillion. Massive currency liquidity flooded into the market, the real interest rate fell sharply, and gold as a whole showed a continuous upward trend.

Since the end of 2022, the real interest rate in the United States has fluctuated and risen, but gold has continued to strengthen. Recently, the macro data of non-agricultural employment and inflation in the United States have performed strongly, indicating that the economic fundamentals are strong, and the yield of 10-year US bonds has also rebounded to above 4.4%, driving the real interest rate to rise, but gold is still unmoved and crazy.

From the real interest rate in the past big cycle, the main pricing factors can no longer effectively explain the surge in the second stage of this gold bull market. The main reason is that the crazy purchase of gold by global central banks has become another important factor leading the trend of gold prices.

In 2022, global central banks bought 1,082 tons of gold, a significant increase compared with the previous 450 tons, setting a record high. In 2023, the net purchase again was 1,037.4 tons, which continued to maintain a high level, close to 20% of the annual gold supply. Among them, the biggest buyer originated from the Bank of China.

▲ The central bank’s demand for gold purchases has increased rapidly. Source: Zeping Macro

As of March, 2024, the gold reserve of the Bank of China was 72.74 million ounces, up 160,000 ounces from the previous month. It is worth noting that this is the 17th consecutive month that the Bank of China has increased its holdings by 10.1 million ounces, or about 286 tons. According to the current gold price, the increase in holdings exceeds 170 billion yuan.

Since March, gold has continued to skyrocket, which has stimulated the rapid increase of global non-commercial long positions in gold for speculative profits and the relative decline of short positions. This undoubtedly exacerbated the soaring price of gold with a very steep slope.

From the short-term and medium-term perspective, the Fed will enter the interest rate reduction cycle for several years in the future, and the high interest rate of US bonds will have a large downside in the future. From a long-term perspective, due to distrust of the sovereign currency of the US dollar, central banks around the world systematically increase their holdings of gold, which will drive the upward trend of gold prices.

Long and short period resonance, the future gold market is still expected.

[investment at the right time]

Since the gold price in the afternoon is expected, it will be a good choice to vote for gold. You know, gold is the only legal and compliant global allocation asset that most people in China have access to.

In addition to buying physical gold, a more convenient way to invest in gold is to use ETF for layout. For example, the latest scale of gold ETF Huaxia (518850) is over 400 million yuan, with good liquidity, and it has recorded nearly 50% return performance in the past three years, which deserves special attention.

Of course, participating in the gold market can also focus on outstanding A-share gold listed companies.

Specifically, the middle and upper reaches of the gold industry chain are mainly engaged in gold mining and smelting, with Zijin Mining and Shandong Gold as the leading companies, while the downstream is mainly engaged in the production and sales of gold jewelry, with Lao Fengxiang and Zhou Dasheng as the leading companies.

The leading enterprises in the upstream resources are relatively more profitable, especially Zijin Mining, which has a market value of over 440 billion. Its gross profit margin increased from 8.5% in 2015 to 15.8% in 2023, and its net interest rate increased from 1.8% in the same period to 9%.

Zijin Mining’s gold business scale is undoubtedly the largest in China. In terms of reserves, it will reach 1,191 tons in 2022 (gold resources will reach 3,117 tons), far exceeding the 507 tons and 417 tons of Zhongjin Gold and Shandong Gold. In addition to the gold business, Zijin Mining also mines non-ferrous metals such as copper and zinc, and its output ranks among the top in the world.

These businesses have experienced explosive growth in the past few years. From 2005 to 2023, the revenue expanded from 3.07 billion yuan to 293.4 billion yuan, with a compound annual growth rate of 29%. The net profit of returning to the mother increased from 700 million yuan to 21.1 billion yuan, with a compound annual growth rate of 21%.

One of the core competitiveness driving the continuous growth of performance stems from low cost. On the one hand, Zijin Mining has mining technology that its peers don’t have, or can’t reach, to realize the benefit of mining low-grade mines. On the other hand, Zijin Mining is good at using the cycle and purchasing mineral resources at low prices against the trend.

In addition, Zhongjin Gold and Shandong Gold are not bad in operation, but their cyclical properties are stronger than Zijin Mining, and their share prices generally fluctuate with the gold price.

Lao Fengxiang, the core leader in the downstream of the gold industry chain, is also a super bull stock. Although the level of gross profit and net profit is very low, which is not much different from that of most manufacturing companies, fortunately, the business scale continues to expand, which also drives its profits to continue to grow.

Lao Fengxiang’s good growth stems from the bonus of China’s gold jewelry industry. According to Euromonitor, the market size of the industry was 815.9 billion yuan at the end of 2022, and it will reach 942.9 billion yuan in 2025, with a compound annual growth rate of 7.8%. In addition, from the perspective of per capita jewelry consumption, China’s jewelry consumption is US$ 82, which is lower than US$ 693 in Hongkong, China, US$ 309 in Singapore and US$ 250, and there is still much room for growth in the future.

In China’s jewelry market, the consumption of gold products is significantly higher, accounting for 58.3% in 2021 and above 60% in many years. In the global market, the largest market segment is diamond jewelry, accounting for 47%, followed by gold, accounting for 42%. It can be seen that the leading enterprises specializing in gold jewelry in China will benefit more.

In short, from the historical dimension and driving logic, this round of gold bull market may be far from complete. In this uncertain era, the allocation of gold-related assets should be a relatively certain choice.

three three

Sichuan is spicy and addictive. Hot and sour powder, saliva chicken, spicy chicken pot, cold pot string … Red spicy oil, fragrant pepper, eat to the scalp sour, sweating, shaped like a taste purgatory trip, but the aftertaste is getting deeper and longer, and it will become addictive after a long time. However, the food in this place is so brilliant that 1,000 Chengdu people may have 1,000 small shops they like.

Sichuan is spicy, fragrant and hemp, and saliva is secreted at a glance. The graphs in this paper are all three graphs.

An hour in the morning is worth two in the evening

No matter how famous the hot pot in Shudu is, you can’t eat it early in the morning. Everyone in the land of abundance is very comfortable, sleeping until they wake up naturally, hungry for the first meal, where to go and what to eat? Go to a fat sausage shop with heavy taste, eat a bowl of bean soup rice with pure pie, and the old school will come to a bowl of red oil to copy their hands. After eating and drinking enough, they are full of vitality, so they can set off for the teahouse.

Pork intestines powder+pot helmet is my favorite breakfast. Pork intestines powder must be white and tender, and the powder is strong. The intestines should be washed clean without peculiar smell, simmered slowly with a little chewiness, red oil slipped and stained a little, and some soup should be hooked in the bend to make people enjoy themselves.

The powder should be high-quality sweet potato powder, and it is best to make it by hand, so that the taste is strong. The seasoning should be enough, and the sauce should not be vague. It must be aged Pixian bean paste, and the fragrance is layered. It is absolutely comfortable to eat in such a bowl. Another crispy pot helmet, hand-made noodles, strong fragrance, fresher soaking, is simply authentic civilian food.

Pork rolls with pot helmet.

People who like the large intestine are regarded as treasures. No matter at noon for breakfast, when you enter the fat sausage shop, braised sausage head and mixed sausage head are not to be missed. The sausage head tastes the most refreshing, tender, thick and chewy. Authentic stores turn the whole piece over and wash it with alum. When it is finished, cut it into pieces to taste before serving, so that the delicious food is firmly sealed and blooms before serving. The intestines are fat and heavy, and it is even thicker when soaked in red oil peppers. With fresh and tender cress, the fresh and spicy fragrance makes the tongue unable to find the north for a while.

Everyone who will order will have a sausage head.

In Chengdu breakfast, only miscellaneous sauce noodles can compete with pork intestines powder.

A bowl of miscellaneous sauce noodles with red oil begins a day full of vitality.

Miscellaneous sauce noodles are the most popular in small noodles in the morning. Knowledgeable families must cut alkaline noodles with fresh water, commonly known as cudgel noodles, which have a yellowish surface and taste strong. The miscellaneous sauce for mixing noodles is ironclad sesame sauce, Hanyuan pepper noodles, pork minced meat and Chili oil, plus some sugar, garlic paste, soy sauce and the like. When you smell it in the morning, you will be full of saliva, and the dishes are green vegetables in winter and cowpeas in summer.

When it is hot, cold noodles with shredded chicken is the savior of appetite. You don’t need to see the fire, the store can mix a bowl in 5 seconds. The white jade congealed face, glittering and translucent spicy oil, and shredded chicken without oil flowers are chilled and refreshed. Popular stores use chicken leg meat, and then use chicken soup with noodles. No matter how hot it is, diners will continue.

Cold noodles with shredded chicken is the savior of summer.

Baijia gaoji pork intestines rice rolls

Baijia Town, South Third Ring Road, Shuangliu County

Ganji rice rolls

No.26-32 Xiaojiahe Middle Street, Wuhou District, Jiangyou Pork Intestines, No.18 Ma ‘an North Road, jinniu district

Noodles

9-21 Ximianqiao Street, Wuhou District

Liuji Lupin Branch (Cold Noodles with Chicken)

No.192, Randeng Temple North Street, Wuhou District

King of Sichuan cuisine twice-cooked pork

Apart from hot pot, there are four most popular Sichuan dishes in the world, namely, Sichuan style pork, diced chicken with kung pao, shredded pork with fish sauce and Mapo tofu. These four sweet, sour, spicy and fragrant dishes are balanced and palatable, which makes Sichuan cuisine invincible. But the dish that can be regarded as the "king of Sichuan cuisine" is probably Sichuan style pork.

Authentic Sichuan-style stew pork must use "two knives".

Sichuan people have always loved Sichuan pork. However, I’m afraid many Sichuanese didn’t expect that the Sichuan-style pork they ate was not authentic. From the selection of materials, ingredients to the final side dishes, it is actually very particular to fry a plate of authentic Sichuan style pork.

The most authentic Sichuan-style pork comes with skin and hind legs, which is called "Erdao" locally. The second knife meat has regular shape, reasonable fat and thin collocation, and heavy meat flavor. Add aniseed, pepper and cooking wine and boil it until it is raw. Add oil to the wok and burn the meat. The cooked meat looks like a lamp nest, then add wine and salt. After a little cooking, add bean paste and then sweet noodle sauce. Yes, you certainly didn’t expect that authentic Sichuan style pork and sweet noodle sauce are also essential, and the rich sauce flavor comes from this.

The side dishes of Sichuan style pork are also exquisite, and they must be garlic seedlings. Garlic seedlings are particularly important for Sichuan style pork, which not only smells fragrant, but also leaves of garlic seedlings can fully absorb the fat of meat, and it is also a rare delicacy. Stir-fried pork with garlic sprouts and special soy sauce until it is cut off. Only after turning off the fire can vegetables have a unique fresh feeling, and sometimes they are more popular than the meat on the plate.

Many fly restaurants in Chengdu cook Sichuan style pork, but when it comes to exquisite and clean materials, it will be the most popular one to turn around. As one of the longest restaurants in Chengdu at present, what it advocates here is the comfortable life in old Sichuan. In the old house with cornices and arches at the entrance of Lotus Lane, there are several thick wooden tables and bamboo chairs in the small courtyard of blue brick, which are the seats that guests scramble to reserve every day.

Zhuanzhuanhui (Liangui Branch)

No.25 Lianhua South Road (near Longzhou Road Police Station); 028-84511000

Chengdu Midnight Food Store

No matter how late the night is in Chengdu, there is also a snack bar with a light on and a steaming pot boiling, which attracts hungry passers-by with delicious meat. On a cold winter night, there is nothing warmer than a bowl of soup.

The hoof flower soup has warmed many wet winters in Chengdu.

Age loves hoof flower soup. A bowl of snow-white, rich snow bean and hoof flower soup. The white soup has a thick bean flavor, and there is no oil slick. When swallowed, it seems that there is a thin layer of gum condensed in the mouth, which is warm and smooth. The store keeps the skin of pig’s trotters white and shiny, so delicate that you can’t see the pores. When chopsticks touch them, they will be soft and detached from the bones. They will be dipped in soy sauce, vinegar, sesame oil, pepper powder, chopped pepper and chopped green onion, which will drive away the cold in one bite and cheer up in two. If you are tired of eating the taste of snow beans, kelp and lotus root will have another flavor.

Another late-night snack that is quite chivalrous is black chicken feet.

The huge black chicken feet, which are longer than the palm of a man’s hand, have traveled all over the restaurants in Chengdu, large and small. Without it, they can’t keep up with the trend and play Freestyle. Black chicken feet and ordinary chicken feet are not the same concept at all. The big black chicken from Zigong has an upgraded flavor, and the skin on its legs is smooth and tender. The chicken feet are crisp and chewy, and the soup is rich and the gum is rich. 10 yuan is one. After eating it, I looked up and saw that everyone in the room was eating it.

Liaolaoma pettitoes (Dongchenggen branch)

No.7-11, Dongcheng Gennan Street, Qingyang District; 028-86152948

Wanlai

No.18, Zhaixiangzi, Qingyang District; 15928117959

Black chicken feet longer than human palms.

For more frontier travel content and interaction, please pay attention to this column WeChat WeChat official account Travelplus_China, or search for "private geography".

　　[PConline sea election shopping guide]Since the beginning of this year, major manufacturers have launched new speaker products with Bluetooth function. Perhaps due to the hot sales of smart phones, the Bluetooth audio market is also unprecedentedly hot, and some insiders even think that this year is the first year of Bluetooth audio. In this issue of China Good Speaker, I recommend several portable Bluetooth stereos for you. I hope you like them.

Recommended products: DOSS New achimo
Reference quotation: 399 yuan

DOSS New achimo　　picture　　evaluating　　forum　　quote　　Net purchase price

　　DOSS New achimo Bluetooth has won the recognition of users for its compact and beautiful appearance, humanized design and excellent sound quality since its release.

DOSS New achimo

　　DS-1168 box is cylindrical in design, which not only meets the needs of audio performance, but also gives people a better impression and attracts more people’s attention. In addition to the speaker body, DS-1168 also designed a flying saucer-shaped base for it. When they are combined, the appearance is full of science and technology, and the base can provide more lasting power for the speaker.

DOSS New achimo

　　DOSS New achimo integrates the technical achievements of DOSS Audio R&D Center for many years, and adopts advanced NdFeB speakers, Air Bass pneumatic booster vibrating basin technology, and the perfect balance of high, medium and low frequencies, which ensures the sound quality.

DOSS New achimo

　　Although it is the most authentic Bluetooth speaker, achimo can also connect computers and other devices as audio sources, and input audio signals through the LINE IN interface, which is convenient for people who often use notebooks and have requirements for notebook sound effects. However, the small interface can well expand the audio function.

　　Editor’s comment:No matter from the market performance or the product itself, DOSS New achimo is definitely one of the most successful Bluetooth stereos this year. Its humanized intelligent "human voice" prompt function leads the whole industry, and with the design of its own mobile power supply, the new achimo is definitely a Bluetooth stereo that can’t be missed.

Recommended product: Shengbao T2
Reference quotation: 188 yuan

Shengbao T2 Athena　　picture　　evaluating　　forum　　quote　

　　Shengbao T2 Athena Bluetooth Audio is a Bluetooth portable audio newly launched by Shengbao, which has been liked by many users as soon as it went on the market and received rave reviews from the industry. This sacred treasure T2 Athena, like its name, is elegant and generous, small and portable, and exquisite in workmanship, which will definitely make you fondle it.

Shengbao T2

　　Shengbao Athena T2 Bluetooth speaker has a variety of colors to choose from, such as black, red and silver. The design of this audio is round and compact, which is equivalent to the size of small canned Wangwang milk. It is basically difficult to find a Bluetooth audio product smaller than it, which is very light and easy to carry.

Shengbao T2

　　T2 audio adopts a cylindrical appearance, with a flat bottom and two foot pads. The foot pads have strong adsorption to glass, which is convenient for audio placement. Most of the accessories of Shengbao T2 speaker are made of frosted metal, and only the key part is made of a piece of plastic, so the overall weight is good and the workmanship is solid.

Shengbao T2

　　Through the white metal net cover, we can see that the angle between the speaker unit and the horizontal desktop is about 45 degrees. This kind of inclined speaker is still effective for improving the sound effect of near-field listening.

　　Editor’s comment:Shengbao T2 is compact in design, exquisite in production, flexible in color matching and very fashionable. With a universal Bluetooth wireless interface, it is very convenient to connect various Bluetooth playback devices for music playback. The most innovative thing is to support hands-free calls on mobile phones, and its price of 188 yuan is very competitive in the market.

Recommended products: DoubleLe HT2009BABY
Reference quotation: 258 yuan

DoubleLe HT2009BABY Bluetooth Hands-Free Speaker　　picture　　evaluating　　forum　　quote

　　Doublele HT2009BABY Bluetooth hands-free speaker is a hands-free speaker suitable for computers, mobile phones, tablet computers and other devices with Bluetooth connection. It is small in size and can be held in one hand. The body is made of metal material, which is very classy and textured.

Beijiale HT2009BABY

　　Doubletree HT2009BABY Bluetooth speakerphone has 5 colors to choose from, including pink, space blue, ruby red, pearl silver and all black.

Beijiale HT2009BABY

　　The power switch of Dole HT2009BABY Bluetooth hands-free speaker is designed at the bottom, so that it will not be turned off due to wrong pressing of other buttons or collision. The function keys of the sound box are set on the bottom side, including volume increase key, increase and decrease key and a multi-function key (play pause key/answer key).

Beijiale HT2009BABY

　　The other bottom side of Doubletree HT2009BABY is the audio input port and USB hole, which can be played by wired input besides wireless. The bass unit of the speaker is designed at the bottom, and the heavy bass effect is achieved by using the contact surface resonance.

　　Editor’s comment:Doublele HT2009BABY has a good sound quality, and with its compact and portable figure and Bluetooth connection function, it can be said to be very practical. Friends who like it may wish to pay more attention to this product.

Recommended products: Shengpaisi Cool Listening C3BR
Reference quotation: 198 yuan

Sound, think and listen to C3BR.　　picture　　evaluating　　forum　　quote

　　The C3BR speaker is only the size of a fist, but it is very powerful. It has the functions of external amplification, call, Bluetooth and so on. It is definitely an indispensable thing for hipsters and is also very useful for drivers!

Sound, think and listen to C3BR.

　　Sound Paisi Cool Listening C3BR Listening is compact, novel in design, like tennis, and can be put in your pocket and schoolbag, with strong portability, so you can take it wherever you go! Adopt ABS special plastic, which is earthquake-resistant and fall-resistant, five-layer paint technology, wear-resistant and colorfast, and the outer layer uses thread design, which is anti-slip and fashionable, and can also compress and stretch. It can be said that concentration is the essence, which is vividly reflected in this product!

Sound, think and listen to C3BR.

　　Sound Paisi Cool Listening C3BR Listening adopts a special telescopic cavity, which can get the best foreign sound quality when playing music, especially the bass is powerful after marriage, and the effect is remarkable. The speaker is equipped with USB interface, 3.5mm standard interface, etc., which can realize the connection and charging with mobile phones, notebooks and other computers. The best thing is, of course, this speaker also has Bluetooth module, which has strong anti-interference ability, rapid pairing and stable signal. As long as Bluetooth is turned on, it can be wirelessly transmitted with other devices, getting rid of the shackles of transmission lines.

Sound, think and listen to C3BR.

　　It is worth mentioning that the C3BR also supports voice calls. After connecting Bluetooth, you can answer the phone and hang up through the control keys on the speaker, which is especially convenient for drivers. The battery life of this speaker is also good, and it can be used continuously for about 6 hours at a time.

　　Editor’s comment:Sound Paisi Cool Listening C3BR is compact and powerful. It can amplify, talk, listen and speak externally. With the addition of Bluetooth function, it is convenient and practical. Friends who plan to buy portable Bluetooth audio may wish to pay attention to it.

PConline summary:

　　Judging from the current situation, portable Bluetooth stereos are small and portable, supporting Bluetooth and voice calls, and some products even add mobile power or even intelligent voice prompt design, which makes the selling point of products more prominent. At the same time, we found that the established speakers such as rambler and Sannuo have not set foot in the field of portable Bluetooth audio, but prefer to integrate Bluetooth functions on the basis of existing products. On the contrary, many micro-audio manufacturers are in the middle of this "gold mine" and are planning to enter the market as quickly as possible to seize the share. In the near future, this market will definitely become more lively and chaotic. We hope that the portable Bluetooth audio market will not repeat the micro-audio.

Original Ma Xiangyu Independent Fish Movie

Another big domestic IP was destroyed.

It is "Ode to Joy".

Six years ago, its hit was phenomenal.

"Five beauties" Fan Shengmei, Andy, Qu Xiaoyu, Guan Juer and Qiu Yingying are deeply rooted in the hearts of the people.

Set off a wave of urban female group drama.

A year later, the sequel, the original team can’t save the decline of reviews.

After five years, the third film appeared.

Douban score fell to 4.6 points.

The abuse is endless.

What’s the problem?

Today, let’s take a look at it-

Ode to Joy 3

Although all the leading groups have changed blood.

However, there are still traces of "the beauty of old five" in people’s designs.

Jiang Shuying plays the scientist Ye Zhenzhen.

The target is Andy.

The same is the elite of returnees.

Moreover, they are the backbone of the "five beauties" and will enthusiastically help others with their ideas.

Karlina plays Zhu Zhe.

The target is Fan Shengmei.

I climbed from a small waiter to the position of account manager step by step, and finally took root in a big city.

But he was dragged down by a group of relatives to suck blood, which was very suffocating.

Zhang Huiwen plays He Minhong.

This corresponds to Qiu Yingying’s self-abased, reckless and unlovable personality.

Always jumping to conclusions and giving labels to others.

When I saw a girl get into the old man’s car, I immediately suspected that he was not a serious person.

I also love writing "small compositions".

As soon as you encounter something you don’t like, write a long speech directly and criticize others from the moral high ground.

I don’t care about the feelings and feelings of others after seeing it.

And Yu Chuhui played by Haofei Li.

Sharp-tongued, mouth and tide wait for no man, comparable to Qu Xiaoyu.

It has been six years since the first Ode to Joy.

With the outbreak of female group drama, similar people set up copy and paste, which is rampant.

It has long been impossible to bring freshness to the audience.

The all-round degradation of the performance makes people feel on pins and needles.

So what should we do?

The screenwriter wants to add social issues and enrich the plot.

But it was self-defeating and became the biggest failure of the play.

The presentation of the topic is very suspended.

Take sexual harassment.

In reality, sneak shots in public places are often hidden and hard to detect.

The wretched man in the play, in public, put his mobile phone on the ground to sneak a shot of the protagonist’s skirt.

I’m afraid people around me won’t find out.

Sure enough, I was caught red-handed.

Then what happened was even more eye-opening.

The leading group actually staged a cat-and-mouse action drama with the wretched man.

Just when everyone was exhausted, I happened to meet a woman.

Three times, five times, divided by two, came a set of strong men to lock men.

This woman happens to be Fang Zhiheng, the new neighbor of the protagonists.

It took a long time to introduce her.

And sexual harassment in the workplace.

It turned into a small science experiment class.

The reason is that Zhu Zhe met a wonderful customer, and the sexual harassment waiter failed, so he deliberately blocked the keyhole of the suitcase with glue and complained to the hotel for compensation.

Zhu Zhe is angry, however, and wants customers to be punished.

Just came up with a strange way:

On the other hand, let other colleagues look for the glue bottle of the crime tool in the customer’s room.

On the other hand, Ye Zhenzhen, a scientist, made a special trip from the laboratory to open the suitcase by chemical means.

Take out solvent experiments one by one and lie that this is the unlocking process of the hotel.

In order to delay the time, after finding the evidence, the customer was sent to the station on the grounds of fraud.

In reality, do scientists really have time to help people unlock locks?

Can such a grandiose way of unlocking really deceive customers?

There are many slots without mouths.

In a word, in these two incidents of sexual harassment, the solution to the problem depends entirely on coincidence.

Sexual harassment itself has completely become a foil to the protagonist’s aura.

When this suspension reaches a certain level, it becomes dog blood.

The most typical is the plot line of Fang Zhiheng played by Yang Caiyu.

She was sexually harassed by her trusted boss, and was scolded by her boss, who framed her for seducing her first.

She lost her job and was laughed at by her colleagues.

I was even questioned by my parents that I had no self-esteem and self-love.

This became her psychological shadow.

And the way she chose to defend her rights was revenge.

Spent a lot of time and energy, changed his name and surname.

Wrap yourself up as a rich and beautiful girl.

Joined the boss’s son’s work unit and started the "father’s debt and son’s compensation" plan.

First, she deceived her boss’s son’s feelings and made him crazy.

And then framed him for sexual harassment.

Boy, what about the movie "The Temptation of Going Home"?

Issues that could have been dug deep have been made into farce.

People are on pins and needles, like a sore throat.

In addition to sexual harassment, the drama also forcibly touched on issues such as gender discrimination in the workplace and marriage promotion.

But the embarrassing thing is.

Many difficulties have never been experienced by the protagonists.

For example, Ye Zhenzhen has never experienced gender discrimination in the workplace.

He became a researcher in biochemistry at a young age and spent all day in the laboratory.

When talking about workplace discrimination, she was very surprised to ask:

"Is the employment situation of women so bad now? 」

It’s hard to empathize with her later views.

As for the problem of urging marriage faced by many women, she has never experienced it.

When others mention it, she will also use her career as a reason to be glad that she will not be urged to get married.

"Most people will kindly explain to me that they are dedicated to science. 」

So lightly brought this topic.

It seems that female scientists can stay away from all kinds of disturbances.

Unfortunately, this is just an illusion.

In reality, even top female scientists will face workplace discrimination and marriage promotion.

Wang Xiaoyun, a cryptographer, was once questioned after deciphering the code.

Wu Jianxiong, a nuclear physicist, wrote after missing the Nobel Prize: "When my research was deliberately ignored for some reason, it still hurt me deeply. 」

And Yan Ning, a biologist who was "honored" in the play.

Even though he has achieved the academician level, he has been urged by many netizens to get married and persuade him to take off the bill.

Until the end, she couldn’t bear to speak.

"Not getting married is just a life choice, and I don’t owe anyone an explanation. 」

The lack of understanding of reality has led to the failure to discuss women’s issues in this play.

Reduced to one sermon after another.

Ye Zhenzhen drove millions of luxury cars and kept his mouth shut about the truth.

It seems that an AI is mechanically outputting.

Zhu Zhe returned home after dealing with the hotel clients who sexually harassed waiters.

Everyone suddenly sat together to express their feelings.

Talk about the "imperfect law" about sexual harassment.

Zhu Zhe is like a leader, combing the spirit of the meeting.

It looks like a strategically located building, but it’s actually empty.

When Ye Zhenzhen asked a question, she added, "Pastor, that’s a good question.".

I’m so embarrassed that I dig my toes.

Even the barrage is spitting.

"Is this a talk show? 」

"Become a social education album. 」

"I don’t respect the IQ of the audience. 」

The oral output of golden sentences only remains superficial for the excavation of women’s predicament.

The effect is often counterproductive.

Women’s issues and women’s group portrait scripts are a perfect match.

It is easy to resonate with the audience.

The premise is that it is based on the true feelings brought by individual circumstances.

"Love is delicious" talks about the social prejudice against outstanding women.

Xia Meng is a very outstanding woman since childhood.

But Excellence has always been a problem for her.

She clearly realizes that her boyfriend can’t accept the situation that women are stronger than men.

"Although her boyfriend can accept her Excellence, it is also limited. Once a certain limit is exceeded, their relationship will never go back. 」

Therefore, she can only hide others.

In all aspects of daily life, take care of her boyfriend’s face and tolerate her poor self-esteem.

Because of her Excellence, she was misinterpreted as a cold knife, and was also labeled as "unruly", "pushy" and "harsh".

Even criticized by her boyfriend for "not looking like a woman."

So that after breaking up, when she met a new boyfriend, Xia Meng made a big drama just to cover up her true identity.

Through the strong black humor, the precise irony of reality is completed.

There is also "I am fine in a foreign country" that mentions women’s anxiety about marriage and love.

Ji Nanjia has a successful career.

But my mother urged me to get married.

"You don’t even have a boyfriend. What’s the use of making more money? 」

Such a successful woman has only the label of "leftover women" in his population.

Being picked on by blind dates who are obviously not as good as her.

Under the secular prejudice, the career value of women is constantly devalued.

This has uncovered the marriage dilemma of some women naked.

However, many women’s group dramas now completely regard women’s issues as traffic passwords.

Heap up various women’s issues and try to increase the discussion of the series.

Keep marketing this kind of hot search.

Only gimmicks, no kernel.

This also leads to a phenomenon of putting the cart before the horse.

In order to quickly expand the topic of women, attract the audience and make the female friendship in the play vain.

Just like in Ode to Joy 3.

The beginning of the "new five beauties" friendship is just that Ye Zhenzhen has taught three women who have just moved into the community the knowledge of 84 disinfectant.

After that, several people ate together and quickly became one, talking about everything.

Compared with reality, let alone neighbors, many people are not familiar with their roommates.

The more it seems that such a plot is unrealistic.

There is also "the north is the south".

Wang Luodan’s character happened to be on the same flight as the hostess.

When I was shopping in the supermarket, I happened to meet again.

At this time, she also got the help of the hostess to find her lost wallet.

The friendship between the two began in a coincidence.

When the washing machine of the hostess broke down, she sent a high-grade washing machine directly to the hostess who had just known her for a few days.

It is as exaggerated as the previous internet craze "three sentences cost men 180 thousand"

A female group drama, but there is no delicate portrayal of female friendship.

Instead, it tries to make up for the weakness of the content with social issues.

This is essentially a kind of laziness.

Once, "Ode to Joy" didn’t force its value, but it could arouse the discussion of real topics on the whole network.

The heat remains high.

Now, "Ode to Joy 3" has tried its best to insert so many "explosive points".

But all are dumb.

It shows the attitude of the audience.

We still need female group dramas.

But, definitely not this kind.

The full text is over.

If you feel good, just click "Like" and "Watching".

Original title: "Begging for domestic drama, stop rubbing her traffic"

Read the original text

If artificial intelligence is likened to a pot of sweet and palatable rice, then the computing power is firewood, the data is rice, and the algorithm is the chef of steamed rice. Under the technology-driven background of the continuous development of artificial intelligence, the demand for top computing power is growing continuously.

Compared with ordinary computers we use every day, supercomputers refer to computers that can perform a large amount of data and high-speed operations that ordinary personal computers can’t handle. They have strong data storage capacity and fast data processing speed, and are mostly used in cutting-edge technology research and national high-tech fields, which is an important symbol of national scientific and technological development level and comprehensive national strength.

Since 2009, China has built six national supercomputing centers in Tianjin, Shenzhen, Jinan, Changsha, Guangzhou and Wuxi. Relying on the national supercomputing center, supercomputers with "China Core" constantly refresh China’s "speed".

From June 2013 to November 2015, China’s "Tianhe II" supercomputer ranked first among the top 500 supercomputers in the world for six consecutive times. General Secretary of the Supreme Leader made an important instruction: "The successful development of Tianhe-2 supercomputer system indicates that China has been at the forefront of the world in the field of supercomputers."

On June 20th, 2016, the "Shenwei Taihu Light" supercomputer developed in China won the first place in the global supercomputer list with nearly three times the computing speed of the second place, and its computing power in one minute is equivalent to that of 7.2 billion people in the world. At the same time, it has been continuously calculated with a calculator for 32 years.

On November 17th, the same year, the whole machine application "Full Implicit Simulation of Global Atmospheric Dynamics Approved by Ten Million Nuclear Powers" based on "Shenwei Light of Taihu Lake" won the "Gordon Bell Award", realizing the "zero" breakthrough of China Supercomputer in this field.

On May 28, 2018, at the 19th Academician Conference of China Academy of Sciences and the 14th Academician Conference of China Academy of Engineering, the General Secretary specifically mentioned the development achievement of "Shenwei Taihu Light": "Supercomputers won the world’s crown for 10 consecutive times, using domestic chips ‘ Shenwei Light of Taihu Lake ’ Won the highest award for high performance computing applications ‘ Gordon Bell Prize ’ 。”

General Secretary of the Supreme Leader, when expounding the great changes in the new era and ten years in the Party’s Report to the 20th CPC National Congress, pointed out that basic research and original innovation have been continuously strengthened, breakthroughs have been made in some key core technologies, strategic emerging industries have grown stronger, supercomputers have made great achievements, and China has entered the ranks of innovative countries.

With the vigorous development of innovative computing power and a new generation of artificial intelligence technology, supercomputers have become a veritable big country.

Looking up at the starry sky, supercomputers can simulate the evolution of different cosmological models and help human beings get a glimpse of the mystery of dark matter. The "numerical wind tunnel" project can shorten the aerodynamic shape design cycle of aerospace vehicles such as large aircraft and rockets from one or two years to several days.

Based on the earth, supercomputers are widely used in oil and gas resources exploration, geological survey, large-scale engineering construction and so on. In the construction of Baihetan Hydropower Station, the research on seismic safety of arch dam abutment was carried out by using supercomputer, which provided a scientific basis for dam design.

Benefiting people’s livelihood, supercomputers have played a vital role in the fields of medicine, biomedicine and gene sequencing. "Tianhe Medical Health Big Data Industrialization Platform" provides services such as data storage, development and application for medical institutions, data development and algorithm application companies and multinational pharmaceutical companies.

Nowadays, the integration of supercomputing and artificial intelligence has become the core driving force for the transformation and upgrading of various industries and the development of digital economy in China. The White Paper on the Development of Intelligent Computing Industry released in 2023 shows that by 2025, the scale of China’s computing core industry will exceed 4.4 trillion yuan, and the scale of related industries will reach 24 trillion yuan.

As a productivity tool in the era of digital economy, supercomputing has become an important support for the high-quality development of economy and society, which shows the surging innovation vitality of China today.

　　CCTV News:Recently, when the public security organs and market supervision and management departments of Guang ‘an City, Sichuan Province jointly conducted law enforcement inspections, they investigated and dealt with 20 hot pot restaurants suspected of producing and using waste oil.

　　Staff of a hotpot restaurant:That’s new oil, this is old oil, and then burn it after it’s taken out. The new oil and this old oil are combined, and the bottom material of hot pot must be old oil.

　　Police:How did the old oil come from?

　　Staff of a hotpot restaurant:Old oil is extracted from that.

　　Police:How did that oil come from?

　　Staff of a hotpot restaurant:That oil was used at night.

　　When law enforcement officers inspected a hotpot restaurant in Zijin Street, Guang ‘an District, Guang ‘an City, they found that it was beneficial for the kitchen to recycle oil and process it into "gutter oil".

　　Liuyong, policeman of the Economic Crime Investigation Brigade of Guang ‘an District Branch of Guang ‘an Public Security Bureau:According to the staff in the store, every time customers finish eating, they will pour the bottom of the hot pot into a stainless steel bucket with a filter screen. Every night at 9 o’clock, the chef will filter the filtered oil again, clean it after filtering, and cool the cleaned oil. The next day, the cooled oil will be added to the new bottom of the pot.

　　After investigation, in order to save costs, the chef Pu Moumou used kitchen waste and waste oil to manufacture and sell waste oil. At present, Pu Moumou was transferred to Guang ‘an District Procuratorate for examination and prosecution by public security organs for producing and selling toxic harmful food.

　　Yang Zhixiong, deputy head of the Food and Drug Crime Investigation Detachment of Guang ‘an Public Security Bureau:Waste cooking oil means that kitchen waste and animal waste fat flow to the dining table through refining and processing. As edible oil, it is called waste cooking oil. Many people don’t know the harm of waste cooking oil. In fact, waste cooking oil contains toxic and harmful carcinogens such as lead, arsenic, aflatoxin and benzopyrene.

　　It is understood that since October 2019, the Public Security Bureau of Guang ‘an City, Sichuan Province has launched a special campaign to crack down on illegal and criminal activities in the fields of "health products" and "gutter oil". Up to now, the public security organs of Guang ‘an City, together with the market supervision department, have conducted 56 inspections on major hot pot restaurants in the city, seized 20 suspected illegal and criminal cases of gutter oil, and arrested 23 suspects. Among them, 8 cases have been handed over to the procuratorate for review and prosecution, and other cases are under further investigation.

In all fairness, the final price of Mazda EZ-6 is not disappointing, and it also has the potential to become a best-selling car.

Compared with the ridicule in the previous "making friends", Mazda EZ-6′ s attitude is much more sincere. The new car has launched a total of seven models with super pure electric and stepless extended-range dual-power options, and the price is 139,800 yuan-179,800 yuan. This price is much lower than the pre-sale price, and the replacement subsidy is not included, and there are many listing rights, which greatly reduces the threshold for users to own cars.

Mazda EZ-6 not only inherits the classic aesthetic elements of "Soul Motion", but also fully integrates Mazda’s thinking on electrification and intelligence. The front face is still familiar with Mazda flavor, and the large-size air intake grille and sharp headlights create a strong visual impact. The front faces of pure electric and extended range models are different, and closed and conventional air inlet grilles are adopted respectively, but the interior is lattice elements. The front face design of "Wings of Light" shows strong vitality through the change of lighting and light language, and the Mazda LOGO in the middle also has luminous function.

The straight waistline, short tail design and slip back shape of the new car outline the sense of movement that is ready to go. Four round barrel lights are added on both sides of the penetrating taillights, which complement the built-in deformable electric tail, and are still more Mazda-like. The length, width and height of the new car are 4921/1890/1485mm, and the wheelbase is 2895mm, so it is positioned as a medium-sized coupe.

Obviously, Mazda will not only talk about ideas this time, but also talk about practicality. The new car is exquisite in materials and configuration. The advanced fabric combination of NAPPA leather and renewable suede shows the sense of atmospheric luxury that the B-class flagship should have. Two-piece flat-bottomed steering wheel, joint venture’s first 14.6-inch anti-glare high-definition touch LCD screen, AR-HUD enhanced head-up display and electronic gear shifting are all popular choices at present. The car system is also equipped with 8155 chips, as well as 14 SONY high-quality luxury speakers, 64-color atmosphere lights, and the main and auxiliary drivers can also choose cloud-sensing suspended zero-gravity seats.

Of course, the unique inductance "man-horse integration" control fun is still the core of Mazda. Judging from the comprehensive mechanical quality, the new car has a counterweight structure with a 50:50 balance between the front and rear axles, a rear H-arm multi-link independent suspension and a 19-inch aluminum alloy wheel with low wind resistance as standard, and an advanced integrated brake control system to ensure smooth and smooth switching between walking, turning and stopping.

Zhijia and Zhicabin have also filled in the shortcomings of joint venture new energy vehicles. Mazda EZ-6 is equipped with five megapixel high-definition cameras, five millimeter-wave radars and 12 ultrasonic radars to fully assist users to take over urban commuting scenes and parking scenes. There is no need to bow your head when driving, and the 50-inch AR-HUD holographic enhanced display system has realized the full-lane AR real-life fusion function. Parking is even easier. EZ-6 can identify more than 150 different kinds of parking spaces. The third-generation Snapdragon digital cockpit supports 3D holographic face non-inductive recognition login, and a sentence of "Hi MAZDA" awakens intelligent speech recognition in four-tone area, with the same operation and response as the current mainstream models.

In terms of power, Mazda EZ-6 provides two power modes, BEV Super Pure Electric and REEV Endless Range Extension, which are quite rare in this joint venture model. The extended range vehicle adopts 1.5L range extender, the maximum power is 70kW, the motor power is 160kW, 18.99kwh and 28.4kwh bring CLTC pure electric cruising range of 105km and 160km respectively, and the fuel tank is 45L, and the energy consumption per 100km is as low as 3.6L. The pure electric vehicle is equipped with a rear single motor, and the maximum power is 190kW, 56.1kWh and 68.8kWh. The pure electric cruising range is 480km and 600km, respectively, and it supports 3C fast charging, and 30% to 80% of the power can be replenished in 15 minutes.

Mazda EZ-6 is based on Changan EPA platform, and there are still some shadows on the side, so it is inevitable to compare with it. Although it is inferior to the latter in some configurations, Mazda EZ-6 obviously seized the opportunity, made use of advanced platform technology, and filled up the intelligent cabin. The rear row space that has been criticized has also been directly filled, as well as B-class luxury interior workmanship and materials. Most importantly, Mazda’s brand influence for many years. Despite the weak situation, there are still many fans carrying the banner. And this Mazda EZ-6, especially the extended-range model, also makes people see the changes of Mazda, and it is expected to stage a big reversal with the new car, and the later product line is also worth looking forward to.

[Autohome Shangrao Discount Promotion Channel] Recently, a wave of preferential promotions has ushered in the Shangrao area, with a maximum discount of 28,000 yuan and a minimum starting price of only 188,600 yuan. If you are considering buying this model, you may wish to seize this opportunity and click "Check the car price" in the quotation form to strive for higher discounts.

eπ008的外观设计以现代感和科技感为主，前脸设计简约大气，采用封闭式进气格栅，突显其新能源车型的身份。整体线条流畅而有力，营造出一种动感十足的视觉效果。整体风格充满未来感，为驾驶者带来全新的视觉体验。

eπ008拥有大气的车身尺寸，长宽高分别为5002mm、1972mm和1732mm，轴距达到3025mm，为车内提供了充裕的空间。车侧线条流畅而富有力量感，搭配21寸轮圈，采用265/45 R21的轮胎规格，展现出动感十足的视觉效果。

eπ008的内饰设计独具匠心，采用简约而不失高级感的风格，营造出宽敞舒适的驾驶空间。方向盘采用高品质的皮质材料，手感舒适，支持手动上下及前后调节，满足不同驾驶者的需求。15.6英寸的中控屏幕集成了多媒体系统、导航、电话以及空调控制，用户可以通过语音识别控制系统轻松操作各项功能，带来智能化的驾驶体验。座椅选用仿皮材质，主副驾驶座均具备前后调节、靠背调节、高低调节（2向）及腰部支撑（4向）功能，确保驾乘者获得最佳的乘坐姿态。驾驶座还配备有头枕扬声器，增强驾驶者的听觉体验。此外，前排座椅还提供加热、通风功能，提升乘坐舒适度。前排和后排均设有USB和Type-C接口，方便为电子设备充电，前排还配备无线充电功能。第二排座椅支持前后、靠背及腿托调节，并可按比例放倒，增加行李空间的灵活性。

eπ008搭载了一台1.5T涡轮增压发动机，可输出147马力的最大功率和210牛·米的最大扭矩，匹配电动车单速变速箱，为驾驶者提供充沛的动力输出和顺畅的驾驶体验。

汽车之家车主表示，eπ008的车身整体设计大气，非常耐看，给人一种仿佛是30多万级别车型的高级感。

　　In Russia, UnionPay cards have a considerable coverage. The picture shows the UnionPay card logo that can be seen everywhere in the mall.

　　Our reporter Wu Yanshe

　　Shopping in the mall, a UnionPay card can be done; Take the subway bus and scan the code with Alipay … … China people are familiar with the "swipe card and scan code" payment method, which is rapidly spreading to more and more Russian cities and commercial service systems.

　　Entering the new year, the news from unionpay international said that before the 2018 fifa world cup Games, the acceptance coverage of UnionPay cards at local ATMs and merchants’ POS terminals will be further increased to 90%. Moscow, St. Petersburg, Kaliningrad, Volgograd and other competition host cities will basically realize the barrier-free acceptance of UnionPay cards. Official website Airlines such as Aeroflot and Siberian Airlines also offer UnionPay card payment services.

　　Almost at the same time, two large supermarket chains "Lianta" and "Dixie", which ranked third and fourth in Russian turnover, also said that they would officially launch Alipay system around the Spring Festival in China. Previously, Moscow’s bus, subway, paid bicycles and other urban transportation systems have announced the introduction of Alipay, which can scan the code to purchase tickets.

　　Whether it is the traditional settlement mode based on UnionPay or the new mobile payment represented by Alipay, "Chinese-style payment" has accelerated its landing in Russia, but also opened up new space for future cooperation between the two sides.

　　Follow the Chinese people in striding "out to sea"

　　"It was our idea to accept Alipay. You know, this is one of the most popular payment methods in China. " In July last year, the central department store in Moscow, an all-Russian high-end shopping center near Red Square, launched the Alipay system for the first time. When asked by Russian media about the original intention of this move, Aleksandr Pavlov, CEO of the shopping mall, said so.

　　China’s huge tourist group and spending power are the important reasons why Russian banking system is willing to cooperate with UnionPay and Alipay, and are also the interests of countless merchants who are willing to access payment systems.

　　Statistics released recently by the Russian World Without Borders Tourism Association show that in 2017, more than 900,000 "visa-free" tourists from China visited, an increase of 18% over the previous year. It is estimated that during the 2018 World Cup, there will be at least 100,000 Russian tourists visiting China. According to the statistics of the Russian Embassy in China, there are more than 30,000 students studying in China and Russia, and in recent years, the number of personnel exchanges between China and Russia has exceeded 3 million.

　　"We have noticed that the number of people in China continues to grow." Alexei, director of the Commercial Department of the Russian Foreign Trade Bank, said, "The potential size of this market will reach 300 billion rubles (about 33 billion yuan) per year."

　　To support this view, Pavlov revealed that 9% of the turnover of Moscow Central Department Store comes from tourists from China. In Leningrad Shopping Mall in St Petersburg, another famous tourist city, the proportion of turnover contributed by China consumers is as high as 22%.

　　In fact, in order to win the market and users, the payment enterprises in China are also trying their best, including "subsidies" and "concessions". Duty-free shops and shopping malls in major airports in Russia often post preferential information similar to "15% discount on UnionPay cards", and Alipay also attracts users with "the best exchange rate". In the Gagarin Square business district in Moscow, there are many shops, and more than 80% of them can be marked with UnionPay cards. In a brand monopoly shoe store, salesgirl Valentina told reporters that the store has been paying with UnionPay for 9 years.

　　More and more local Russian residents have also started to apply for and use UnionPay cards. More than 10 local banks such as Natural Gas Industrial Bank, Agricultural Bank of Russia and Binhai Social Bank have issued nearly 1.3 million UnionPay cards. In July, 2017, unionpay international and Russian National Payment Card Company realized card issuing cooperation. MIR cards, which were originally used only in Russia, were expanded to more than 160 countries and regions covered by UnionPay network, greatly improving the convenience of Russian residents in using cards across borders.

　　The Belt and Road Initiative creates more opportunities.

　　There are some backgrounds for Russia to accelerate the introduction of "Chinese payment".

　　Take UnionPay as an example, it entered the Russian market in 2006, but the explosive growth was mainly after 2014. That year, Visa and MasterCard, which dominated the Russian credit card market due to sanctions from the United States and Europe, stopped providing payment services in many banks in Russia. Therefore, the Russian government is determined to establish its own payment system and realize a diversified settlement system. At that time, China and Russia had established a comprehensive strategic partnership of cooperation, and China UnionPay, as one of the world-renowned international credit cards, received more attention. According to Fan Jiguang, the representative of China UnionPay in Russia, in the following three years, the number of cards issued by UnionPay in the local area surged to 2 million.

　　The construction of the "Belt and Road" has also created greater opportunities for Sino-Russian financial cooperation.

　　On the one hand, with the promotion of policy communication, facility connectivity, smooth trade, financial intermediation and popular support, the payment of people coming and going in the "Belt and Road" region needs to be smooth and convenient; On the other hand, with Russia as the main radiation source, including Central Asia and CIS countries, there is a need to improve the modernization level of financial payment, safeguard domestic financial security and reduce the use of cash.

　　In May last year, the Federal Savings Bank, Russia’s largest bank, launched the UnionPay card acceptance business; In August, the Foreign Trade Bank, the second largest bank in Russia, also opened its merchants to accept UnionPay cards on the basis of realizing all available UnionPay cards at ATMs. In 2017 alone, the number of merchants and ATMs accepting UnionPay cards in Russia has more than doubled, reaching a total of 630,000 merchants and 100,000 ATMs. In countries and regions along the Belt and Road, more than 50 UnionPay cards have been used.

　　Another important factor is China’s outstanding leadership in the field of mobile payment.

　　In recent years, the globalization of cashless services of mobile payment enterprises in China has accelerated. Not only are there new mobile payment enterprises represented by Alipay and WeChat, but even traditional cross-border payment institutions such as UnionPay have also introduced mobile payment methods such as "China Unionpay Quick Pass", which has developed rapidly and been widely used, making it difficult for European and American countries to reach. In Europe, America, Southeast Asia and other countries and regions, Alipay alone has access to more than 120,000 overseas offline merchants, supporting 18 kinds of foreign currency settlement. When German youth Alfred wrote to the President "I hope to bring Alipay back to Germany" and China’s popular mobile applications were localized overseas, "Indian Alipay" and "Philippine WeChat Payment" were born. Russia, eager for financial innovation, hoped to achieve "overtaking in corners" through China’s mature cashless payment technology and experience.

　　Overseas stories have just begun.

　　In the face of the expansion of "Chinese payment" in Russia, both unionpay international and Alipay, the relevant person in charge invariably stressed when interviewed by this reporter, "This is only the first step. The story has just begun. "

　　In fact, the "story" has already begun in Southeast Asia and other countries and regions.

　　In Laos, in November 2015, the Laos National Bank Card Payment System project, which was jointly built by UnionPay, China National Development Bank and Laos Central Bank, was launched to help Laos build a national bank card payment system covering the whole territory; In Thailand, after the UnionPay chip card standard became the industry standard in Thailand, UnionPay provided Thailand with the construction standard of bank card transfer system. UnionPay has also become the sole provider of cross-border chip card standards of the Asian Payment Alliance (APN), and signed an authorization cooperation agreement for chip card standards with seven member institutions — — This means that the mainstream switching networks in Singapore, South Korea, Malaysia, Indonesia, the Philippines and other countries will take the UnionPay chip card standard as the technical standard for accepting and issuing cards.

　　Russia is an important country along the "Belt and Road" and a key area connecting Central and Eastern Europe and radiating the CIS. The layout of "Chinese-style payment" here not only means that RMB has taken an important step in the internationalization journey, but also realizes the "going out" of technology, products, services and brands by participating in the construction of payment infrastructure in overseas markets and the docking and interconnection of technical standards systems, and improves the right to speak on modern payment standards.

　　Another trend of the "story" is that it may trigger a "peripheral revolution" brought about by financial technology innovation in the Internet era. Take Alipay as an example. When China consumers download Alipay apps from their mobile phones, they will automatically switch to overseas versions when they come overseas, which not only has the function of "wallet", but also provides a lot of "outbound" services, including information on eating, drinking and having fun in the local area, ticket purchase for scenic spots, preferential treatment for "nearby" merchants and so on. As Bogdahn Zarozhne, the head of Alipay in Russia, said, "We provide more than just payment tools, but also hope to create a lifestyle-changing application."

　　It can be expected that with the rapid development of cross-border payment, a new round of cross-border electronic commerce transactions will be promoted rapidly. With the overseas expansion of "Chinese-style payment", the format of banks, the reconstruction of credit system, the form of money, the security of payment, the construction of e-commerce platform and even the supervision of online payment will also face new challenges. (Reporter Wu Yan Zhang Xiaodong)

　　(Moscow, January 15 th)

　　People’s Daily (January 16, 2018, 03 edition)

Original Ruan Guangfeng Chihuo Institute

Oil can be said to be an essential ingredient in China kitchens. Go to the supermarket to buy an edible oil, and when you look around, you can see a large area of gold, soybean oil, peanut oil, sunflower oil, olive oil … which one should you buy?

1. Prefer vegetable oils, such as double-low rapeseed oil, peanut oil, olive oil, etc., but it is recommended to change the types of oils frequently instead of eating only one.

2. Eat less oil with high saturated fat, such as lard, butter, butter and other animal oils, but if you usually eat less meat, eggs and milk, it is ok to eat some animal oil.

3, daily use, home cooking, rapeseed oil, peanut oil, soybean oil, etc. can meet the demand; When cooking at high temperature (fried chicken, grilled fish), choose animal oil or high oleic acid grease.

4, no matter what kind of oil, eat less, generally 25-30 grams of oil per person per day (about 2-3 spoonfuls of white porcelain).

01

Let’s learn about fatty acids first

/Three structures of fatty acids/

To choose the right fat, we must first start with the structure of fat. From the chemical structure, the aliphatic family is the product of three fatty acid molecules connected to the glycerol skeleton. Different fatty acid molecules connected together constitute different fats.

Fat molecule

Generally speaking, we can divide fatty acid molecules on fat into three categories:

Monounsaturated fatty acid: A fatty acid has a double bond in its molecule. Double bonds are "unsaturated" chemical bonds, and two hydrogen atoms can be added to them to become saturated fatty acids.

Polyunsaturated fatty acids: Fatty acids have two or more double bonds in their molecules.

Saturated fatty acids: Fatty acids with saturated bonds without unsaturated double bonds in their molecules.

Some people will say that you forgot trans fatty acids! Most trans fatty acids come from food processing, and there are few naturally occurring ones, so we won’t discuss them here.

Different fatty acids make up oils and fats, and the nutrition and use performance of oils and fats will also vary greatly. First of all, we generally think that fat with a high proportion of saturated fat is unhealthy, because saturated fat will increase the risk of cardiovascular disease. ω-3 and ω-6 fatty acids, which are often praised in nutrition, are both unsaturated fatty acids.

The red bar is the proportion of saturated fatty acids, and the longer the red bar is, the more saturated fatty acids there are.

Secondly, the proportion of fatty acids also affects the heat resistance and stability of oil. The more unsaturated fatty acids, the more heat-resistant the oil is and the easier it is to oxidize. The more saturated fatty acids, the more heat-resistant and less prone to oxidation.

02

How to choose oil healthily?

/Look at fatty acids and cooking methods/

When choosing oil, the most important thing is to look at the fatty acid ratio of oil.

Preference is given to vegetable oil

Common animal oils, such as lard, butter and butter, are high in saturated fat and should be eaten less. However, although they are not good for health, it does not mean that they can’t be eaten at all, nor does it mean that animal oil is necessarily bad. If you usually eat less meat, eggs, milk, etc., it is relatively reasonable to have some animal oil; But if you always eat big fish and big meat and eat a lot of animal oil, it is not appropriate.

Usually big fish and big meat, don’t eat more animal oil.

Common vegetable oils, such as rapeseed oil, corn oil, olive oil, soybean oil and peanut oil, have a low proportion of saturated fatty acids and are relatively healthy. And if you choose rapeseed oil, give priority to double low rapeseed oil, that is, rapeseed oil with low glucosinolate and low erucic acid. Of course, no fatty acid of vegetable oil is perfect. From a health point of view, it is recommended that you don’t just eat one kind of oil, and often change the type of oil and eat different oils. It should be reminded that some vegetable oils, such as palm oil and coconut oil, have a high proportion of saturated fat, so eat less.

Coconut oil is high in saturated fat, so eat less.

Choose animal oil or high oleic acid oil for high temperature cooking.

Oil will have some adverse reactions at high temperature, which will produce many substances that are harmful to human health and may increase the risk of cardiovascular disease and cancer. Therefore, we should try to choose those oils that are not so afraid of heat.

When cooking at high temperature, such as fried chicken and grilled fish, you should try to choose animal fats such as lard, butter and butter, which have a high proportion of saturated fatty acids and are relatively heat-resistant.

Lard is high in saturated fat and can resist high temperature.

Among the three oils, safflower oil, olive oil and tea seed oil, the proportion of oleic acid is high, and they are also relatively heat-resistant. Olive oil contains more than 70% oleic acid, which can be used to make food such as stir-frying and frying.

Olive oil can also be fried and stir-fried.

Olive oil, sesame oil, linseed oil and other unique oils are used for cold salad.

Extra virgin olive oil, linseed oil and sesame oil have unique fragrance and are rich in unsaturated fatty acids, so they are more suitable for cold salad or salad.

Olive oil is also suitable for cold salad.

Rapeseed oil, peanut oil and soybean oil can be used for cooking.

These oils have moderate heat resistance and healthy fatty acid ratio, and can be used for daily use, such as the most commonly cooked stir-fry in home cooking.

Rapeseed oil, peanut oil and soybean oil can all be used for daily cooking | Figure worm creativity

03

Less oil is the healthiest

/You can’t eat too much oil/

Finally, I still want to remind you of the most important point: no matter what kind of oil, even olive oil, linseed oil, perilla oil, etc., which are popular now, they are still fats and cannot be eaten more. Now we all advocate less oil, but to what extent is it healthy? How much oil is better to eat every day?

According to the latest recommendation of China Residents’ Balanced Diet Pagoda, the average person cooks 25-30 grams of oil every day, which is about 2-3 spoons of white porcelain. As long as you eat so much oil, there will be no "quota" for other fried foods in a day, so you should try not to eat them.

Don’t eat other greasy food after eating fried chicken.

Of course, "less oil" doesn’t require you to do it in one go. After all, years of habits can’t be changed just by changing. It can be done step by step in some ways: for example, frying instead of frying; Try not to use oil or less when steaming, boiling, stewing and stewing; Use a quantitative oil pot, etc.

Title: flickr/Huang Yuting

What kind of oil do you like to eat?

Original title: "Rapeseed oil, soybean oil and olive oil, which oil should I choose?" 》

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