"RRR cut+targeted interest rate cut" has accumulated positive effects on inclusive finance’s efforts to boost market participants’ confidence.

  CCTV News:The People’s Bank of China announced on January 24th that it has decided to reduce the deposit reserve ratio of financial institutions by 0.5 percentage points from February 5th, 2024. Since January 25, 2024, the interest rates of agricultural refinancing, small-scale refinancing and rediscount have been lowered by 0.25 percentage points respectively.

  Central Bank: The deposit reserve ratio will be lowered by 0.5 percentage points from February 5th.

  People in the industry generally believe that this RRR cut and the refinancing rate cut are at a critical moment to consolidate the economy and stabilize expectations, releasing the signal that monetary policy will increase its strength and steady growth, which will obviously boost market sentiment.

  The RRR cut will provide the market with long-term liquidity of about 1 trillion yuan.

  Pan Gongsheng, governor of the People’s Bank of China, said that at present, the average level of the statutory deposit reserve ratio in China is 7.4%, which is still relatively large compared with the central banks of major international economies. After this reduction, the weighted average deposit reserve ratio of financial institutions is about 7.0%, which will provide the market with long-term liquidity of about 1 trillion yuan.

  "Exceeding expectations" to reduce the RRR and enhance the stability of money and credit supply

  Analysts pointed out that the RRR cut exceeded market expectations in both timing and scope, which helped to optimize liquidity in the banking system’s structure, stimulate market vitality and enhance the stability of money and credit supply, reflecting that the central bank’s goal of supporting the recovery of the real economy is very clear.

  Judging from the data over the years, in January, in order to increase the level of RMB loans to a higher level, the RRR cut was conducted on the eve of the Spring Festival, which was conducive to avoiding the shortage of funds, achieving a "good start" for the economy at the beginning of the year and creating a more favorable monetary environment.

  The "RRR cut+targeted interest rate cut" model reflects the precise and effective tone.

  It is noteworthy that the central bank announced the RRR cut and the interest rate cut by refinancing at the same time. The mode of "RRR cut+targeted interest rate cut" shows the impact of the current central bank’s monetary policy on inclusive finance and the pursuit of accurate and effective tone.

  Boost the confidence of market participants and improve the expectation of capital market.

  Recently, the volatility of the capital market has weakened and the volatility has increased, which has made many investors deeply worried. Analysts believe that this RRR cut will help boost the confidence of market players and improve the expectations of investors in the capital market. After the central bank of China announced the RRR cut, the assets of Hong Kong stocks and overseas China rose, and the RMB exchange rate also rose linearly. MSCI China A50 Interconnection Index Futures and FTSE China A50 Index Futures both rose more than 2%.

  The policy is favorable and the accumulated market outlook is expected to stabilize.

  On the same day, the State-owned Assets Supervision and Administration Commission of the State Council said that it would further study the incorporation of market value management into the performance appraisal of the heads of central enterprises. With the accumulation of favorable policies, the market may enter a rebound stage, and the market outlook is expected to stabilize and reverse.

  This RRR cut will help improve the expectation of real estate recovery.

  For the real estate market, this RRR cut will help improve the expectation of real estate recovery. On the one hand, the RRR cut will help improve the real estate credit environment. On the other hand, the central bank stepped up its efforts to stabilize the growth policy and improve the expectation of economic recovery. The effect of the policy of stabilizing the property market introduced before the superposition was gradually released, which was conducive to the restoration of real estate confidence.

  Central Bank: Creating a Good Monetary and Financial Environment for Economic Growth

  Pan Gongsheng said that in 2024, the spillover of monetary policy in developed economies will develop in the direction of reducing pressure. Such a change in external environment is objectively conducive to enhancing the autonomy of China’s monetary policy operation and expanding the space for monetary policy operation.

[Editor in charge:
Yang Yu
]

Also in the "Ordinary Road" as a mother, Niu Li, Vivienne Liu, Wu Yufang contrast, the difference is obvious.

The so-called waves behind the Yangtze River push forward the waves, so does the entertainment circle. She used to be a glamorous heroine in film and television dramas, but with the passage of time, it is inevitable to play the role of a mother-in-law for young actors.

The Ordinary Road is based on the stories of three young people: Pan Yan, Shu Yinan and Zuo Na, and the actresses who played three mothers in the play were once very popular. In the Ordinary Road, the performances of actors Niu Li, Vivienne Liu and Wu Yufang are also very different because of the different roles.

In Ordinary Road, Niu Li plays Tang Meiyan. In the play, Guo Qilin plays Pan Yan’s mother. Tang Meiyan and Pan Yan’s father divorced very early. She brought up Pan Yan alone. Although the mother and son have been living in poverty, Tang Meiyan is very optimistic. She doesn’t blame others, especially her son Pan Yan, but how to treat her well. Tang Meiyan’s "praise" education has also created.

Although Tang Meiyan is already 50+ years old, she is busy, making money by car, and secretly dating Pan Yan’s father. Her life is also steaming. Tang Meiyan’s personality is very straightforward, and her positive and optimistic appearance also brings her son Pan Yan a lot of positive energy. Seeing Tang Meiyan, many audiences feel familiar. The Ordinary Road is played by actress Niu Li. Niu Li used to be an athlete and made good achievements in synchronized swimming and shooting. Later, she moved to the entertainment circle, and she also performed many works that the audience liked.

Niu Li once performed brilliantly in dramas such as "Going to the East", "The Empty Mirror" and "The Old Farmer", and she also attended the CCTV Spring Festival Evening. However, Niu Li later married her husband, a wealthy businessman outside the circle, and she gradually reduced her film and television shooting. Now, in Niu Li, she basically plays the role of a mother-in-law. However, because of her high acting skills, Niu Li’s role is highly recognized by the audience.

In Ordinary Road, Wu Yufang plays Zuo Na’s mother. The story of Zuo’s mother is bloody. When she was young, she worked hard with Zuo’s father. But later, when the economic conditions improved, Zuo’s father always deserted, and Zuo’s mother didn’t want a divorce. She turned a blind eye to Zuo’s nonsense until Zuo Na’s best friend hooked up with Zuo’s father and got pregnant, and Zuo’s mother’s world completely collapsed.

In Ordinary Road, Zuo Mama is very old, but she is still a lover. Except for not getting divorced, she can tolerate Zuo Papa’s nonsense. Zuo Mama, who seems glamorous and pampered, is actually a poor person. Actor Wu Yufang also performed this role very successfully.

Wu Yufang was very popular when she was young. Liu Qiaozhen, who starred in the movie Life, was the goddess in many boys’ hearts. Wu Yufang later married Jiang Jialiang, the prince of table tennis. For the sake of family, Wu Yufang retired for more than 10 years. Now, in Wu Yufang, her film and television drama resources are very good. In recent years, she has performed very well in dramas such as Settle down, last romance, Skyscraper and Little Shed.

Vivienne Liu, an actress, has a good temperament. In recent years, she has also played many roles that the audience likes. In Ordinary Road, Vivienne Liu also started to play the role of mother. In the play, she plays Shu Yinan’s mother, who is a strong woman in the workplace. Every step of Shu Yinan is arranged by her and Shu’s father, which also makes Shu Yinan rebellious and the relationship between mother and son drops to freezing point.

There are not many scenes of Vivienne Liu in Ordinary Road. However, Vivienne Liu performed the image of Shu’s mother with temperament, aura and nagging. Vivienne Liu was born in 1976. Her temperament is very good and she is well maintained. Many viewers feel that she is still slightly young when she plays her mother in Ordinary Road.

Mom was played in Ordinary Road, but Niu Li, Wu Yufang and Vivienne Liu performed completely different tastes. Niu Li’s performance was grounded, Wu Yufang looked elegant, but Zuo’s mother was a poor woman who was in love with her brain. Vivienne Liu had temperament and aura, and Shu’s mother had been working hard in the workplace and had her own ideas. Niu Li, Vivienne Liu and Wu Yufang played three mothers, who performed the lives of three different women.

The drama "Ordinary Road" is dominated by powerful actors, and it is said that three women play one play. At present, Niu Li, Vivienne Liu and Wu Yufang have not intersected, but they still present wonderful realistic dramas for the audience. There are many realistic plots in "Ordinary Road", which can easily resonate with the audience when chasing the drama.

Global news: Apple Head Show has been sent to the distribution warehouse in the United States? "Electronic Spring Festival Evening" CES is about to open.

  On January 8th, last week was the first trading week in 2024, but judging from the performance of risky assets, the start of the new year was not ideal.

  In the first week of the year, the major stock indexes of US stocks fell across the board, and the S&P 500 index fell by 1.52%, which was the first decline in the past 10 weeks, ending the longest consecutive gains in the past 20 years. Both US Treasury bonds and corporate bonds recorded their biggest weekly declines since October. According to the statistics of Zerohedge, in terms of evaporated market value, in 2024, the global bond and stock markets lost more than $3 trillion for the worst start in history.

  The market value of the seven major technology stocks including Apple, Microsoft, Alphabet, Meta, Amazon, NVIDIA and Tesla evaporated by more than 400 billion US dollars last week, and their share prices almost retreated all the gains in December.

  All this is mainly due to the callback of the Fed’s interest rate cut transaction. Last week, both ADP employment data and non-farm employment data exceeded expectations, indicating that the US job market is still full of resilience, which suppressed the market’s expectation of the Fed’s interest rate cut in March.

  Guotai Junan, the first window of the interest rate cut transaction began to show fatigue after two months. The rush of the market is the most fundamental reason: interest rate cuts would have brought loose liquidity, but the congestion of "interest rate reduction transactions" has brought new problems. For fear of missing trading opportunities, the accumulation of a large number of positions on the one hand makes the negative spread of long-term debt trading more significant, on the other hand, it also leads to the increasingly tight liquidity in the market.

  It is worth noting that Apple’s performance was the most "bleak" last week. Apple’s share price fell for the fifth consecutive day last Friday, with a drop of 5.9% in 2024. Due to concerns about the future prospects of the iPhone, it was downgraded by two investment banks within a week. To make matters worse, the US Department of Justice is close to filing an antitrust lawsuit against Apple, and it is possible to file a lawsuit in the first half of this year at the earliest.

  According to the report, the US Department of Justice is focusing on the entire Apple ecosystem: how Apple uses its control over hardware and software to make it more difficult for consumers to give up the company’s equipment and make it more difficult for competitors to compete. Investigators’ concerns include the closed iMessage service and payment system, which performs better when Apple Watch is paired with iPhone.

  At present, the market value difference between Apple and Microsoft is only 3%. If there is any mistake in the consumer electronics leader, the position of the "stock king" of the US stock market may be handed over to the AI ​ ​ trendsetter Microsoft.

  Looking at this week, the most global concern is the 2024 International Consumer Electronics Show (CES), which is known as the "Electronic Spring Festival Evening". On January 9th, it will be opened in Las Vegas, USA, when all kinds of new consumer technology products around the world will be exhibited. The industry expects more AI products to be unveiled this year.

  The giants of this year’s CES show are gathered, and it is estimated that more than 130,000 industry participants and more than 4,000 companies will participate. Major technology companies such as AMD, Hisense, Lenovo, LG, Nvidia, Panasonic, Qualcomm and Samsung are expected to make major announcements and product releases at CES 2024. This year’s CES keynote speech focused on artificial intelligence and technology for good. As the upsurge of generative artificial intelligence continues to spread, CES 2024 is expected to create a new wave of artificial intelligence innovation.

  In addition, this week will focus on the inflation data of China and the United States, and many senior officials of the Federal Reserve and the European Central Bank will deliver speeches; OpenAI will go online to customize GPT store; Bank of America shares started the Q4 earnings season.

  [Market Review]

  Last week, the Nasdaq Composite Index fell 3.25%, the S&P 500 Index fell 1.52% and the Dow Jones Industrial Average fell 0.59%. The three major indexes of U.S. stocks ended the record of rising for nine consecutive weeks.

  [One-week preview]

  [Weekend Highlights]

  In the first week of 2024, the global stock and bond market value evaporated by more than $3 trillion.

  In the first week of 2024, the major stock indexes of US stocks fell across the board, and the S&P 500 index fell by 1.52%, which was the first decline in the past 10 weeks, ending the longest consecutive gains in the past 20 years. Both US Treasury bonds and corporate bonds recorded their biggest weekly declines since October. According to the statistics of Zerohedge, in the first week of this year, the value of global stock and bond markets wiped out a staggering $3.18 trillion.

  NVIDIA’s share price hasn’t peaked yet. Can it rise by 42% this year?

  According to the latest report released by Bank of Nvidia, as continues to make use of its success in developing and selling artificial intelligence chips, the sharp rise in its share price last year may continue into 2024.

  The bank said that NVIDIA’s fast-growing income and profits will enable it to generate 100 billion dollars of free cash flow in the next two years. By contrast, NVIDIA’s free cash flow in the past two years was less than $30 billion. Arya, an analyst at Bank of America, reiterated his "Buy" rating on NVIDIA and his target price of $700, which means that the company’s share price has a 42% upward potential compared with the current level.

  "Electronic Spring Festival Evening" CES 2024 will open AI "Singing Drama"

  On January 9th, the 2024 "Electronic Spring Festival Evening" International Consumer Electronics Show (CES) will be held in Las Vegas, USA. At that time, various new consumer technology products around the world will be exhibited, and the industry expects more AI products to appear this year.

  The giants of this year’s CES show are gathered, and it is estimated that more than 130,000 industry participants and more than 4,000 companies will participate. Major technology companies such as AMD, Hisense, Lenovo, LG, Nvidia, Panasonic, Qualcomm and Samsung are expected to make major announcements and product releases at CES 2024.

  Apple Head Display Vision Pro has been sent to the US distribution warehouse or the release date will be announced next week.

  According to Mark Gurman, a well-known science and technology reporter, Apple’s retail department and supply chain are fully preparing for the launch of the head-mounted Vision Pro. This headset has been shipped to the distribution warehouse in the United States, and it seems that it can provide sufficient inventory for Apple retail stores for sale in February. He predicted that Apple would soon release an official statement about the release date of Vision Pro, probably next week, so as not to be upstaged by the new product information from CES Electronics Show. Some retail employees are already in the process of going to Apple Park to receive Vision Pro sales training.

  Apple may release a generative AI tool in June.

  Mark Gurman revealed in the latest issue of "Power On" that Apple plans to launch a series of tools based on generative artificial intelligence at the World Developers Conference (WWDC) in June. Gourmain said that these new tools will appear as part of iOS 18, including an improved version of Siri. The new version of Siri is said to have more natural conversation ability and provide a more personalized user experience.

  The initial US$ 1.66 trillion budget agreement between the two parties in the United States is expected to prevent the government from shutting down.

  The leaders of the US Congress reached a $1.66 trillion agreement on Sunday local time to provide funds for the federal government in 2024, which will reserve funds for key domestic and social safety net projects in the event that the Republican Party demands to cut the government budget. At present, parliamentarians are faced with a severe deadline to pass legislation, compile agreements and avoid a partial government shutdown. About 20% of government funds, including some necessary projects, will be exhausted on January 19th, and the rest will be exhausted on February 2nd.

  [financial calendar]

A number of traffic construction projects in China have continuously promoted the modern comprehensive transportation system and promoted stable economic growth.

  CCTV News:Economic and social development, traffic must go first. This year, a number of transportation construction projects in China have been continuously promoted, accelerating the formation of a safe, green, convenient and efficient modern comprehensive transportation system and promoting stable economic growth.

  At the end of this month, the Shanghe-Hangzhou Railway connecting Shangqiu, Henan, Hefei, Anhui and Hangzhou, Zhejiang will be fully operational. This is only one section of the railway planned to be opened in the Yangtze River Delta this year. This year, the Yangtze River Delta Railway will also open eight railways, including the Tonghu Railway from Nantong to Shanghai, the Lianzhen Railway from Lianyungang to Zhenjiang, and the Quning Railway from Quzhou to Ningbo. The mileage of the new lines will exceed 1,000 kilometers.

  In addition to the Yangtze River Delta, Chengdu-Chongqing urban agglomeration connecting Chongqing-Huaihua Railway in Hunan, Anshun-Liupanshui Railway in Guizhou and Fuping Railway in Fuzhou-Pingtan are all under construction and joint debugging. By the end of this year, a large number of intercity railways and municipal railways will be completed and opened to traffic. By then, more than 8,000 kilometers of new lines will be opened for operation.

  "All roads lead to all trades". At present, the last section of cement road in Qinglongxi Village, Xupu County, Hunan Province is under construction. This is the last hard bone for 23 villagers’ groups in Qinglongxi Village to achieve "group communication". Seeing that the cement road will reach the door, the villager Zhang Ke is beaming. His cattle farm has only a bumpy gravel Panshan road to the village 4 kilometers away. In case of rainy season, the buyer is unwilling to come to the door, and the good business can not be done.

  This year, the Ministry of Transport will speed up the bus service in 12 townships and 287 administrative villages, and at the same time extend the village-to-village service to scattered natural villages to ensure that no place on the well-off road will be left behind due to traffic. 

  While railways and highways make up the shortcomings and smooth the microcirculation, the construction of regional airports in China has also inserted wings for the economic development of remote areas.

  In recent days, Adi Li, the general manager of Xinjiang Yutian Guimi Biotechnology Co., Ltd., has been busy running around the clock. Every day, he has to go to the newly expanded rose sauce and rose dew extraction workshop to check and coordinate the installation of equipment, so as to ensure that it will be completed and put into production before the navigation of Yutian Airport at the end of the year.

  Yutian County, located in the southern edge of Taklimakan Desert in Xinjiang, is a national poverty-stricken county. Last year, the state invested and built a regional airport here with an annual passenger throughput of 180,000 passengers and a cargo and mail throughput of 400 tons. Now, the airport is carrying out runway pouring and terminal building construction, and 60% of the total project has been completed.

  At present, the regional airports under construction, such as Wulong in Chongqing and Yutian in Xinjiang, will, like the 160 regional airports in China, promote local resource development and economic and social development, covering 580 poverty-stricken counties and more than 30 million poor people in China.

The State Council, the Central Committee of the Communist Party of China issued the Outline of the Strategic Plan for Expanding Domestic Demand (2022-2035).

  Xinhua News Agency, Beijing, December 14th-Recently, the Central Committee of the Communist Party of China and the State Council issued the Outline of the Strategic Plan for Expanding Domestic Demand (2022-2035), and issued a notice asking all localities and departments to conscientiously implement it in light of the actual situation.

  The main contents of the Outline of the Strategic Plan for Expanding Domestic Demand (2022-2035) are as follows.

  Firmly implementing the strategy of expanding domestic demand and cultivating a complete domestic demand system is an inevitable choice to accelerate the construction of a new development pattern with the domestic macro-cycle as the main body and the domestic and international dual-cycle promoting each other, and is a strategic decision to promote China’s long-term development and long-term stability. In order to promote the implementation of the strategy of expanding domestic demand, this planning outline is formulated in accordance with the 14th Five-Year Plan for National Economic and Social Development of People’s Republic of China (PRC) and the Outline of Long-term Goals in 2035.

  I. Planning background

  (A) China has achieved remarkable results in expanding domestic demand.

  Since the reform and opening up, especially since the 18th National Congress of the Communist Party of China, while deeply participating in the international industrial division of labor, China has continuously improved the quality of domestic supply, focused on releasing domestic market demand, and promoted the formation of a strong domestic market. The supporting role of domestic demand for economic development has been significantly enhanced.

  The basic role of consumption has been continuously strengthened. The proportion of final consumption expenditure to GDP has remained above 50% for 11 consecutive years. Traditional consumption such as housing, transportation and consumption has increased significantly, and the per capita housing construction area of urban residents has increased steadily. The sales of new cars have ranked first in the world for 13 consecutive years. The new consumption format and new mode have developed rapidly. In 2021, the online retail sales of physical goods accounted for 24.5% of the total retail sales of social consumer goods, and the per capita service consumption expenditure accounted for 44.2% of the per capita consumption expenditure.

  The key role of investment is better played. China’s total capital formation accounts for a reasonable proportion of GDP, which provides a strong support for optimizing the supply structure and promoting the steady economic development. The level of infrastructure construction has been comprehensively improved, the national comprehensive transportation corridor has been accelerated, and a number of major water conservancy facilities have been completed and put into use. The construction of new infrastructure such as 5G was accelerated, significant achievements were made in the construction of major scientific and technological projects, and investment in high-tech industries continued to grow rapidly. Shortcomings and weaknesses in the fields of health care, eco-environmental protection, agriculture and rural areas, and education have been accelerated.

  The operating mechanism of the domestic market has been continuously improved. The construction of a high-standard market system has been accelerated, the "streamline administration, delegate power, strengthen regulation and improve services" reform has continued to deepen, the business environment has been continuously optimized, key reforms such as market-oriented allocation of factors and property rights system have been steadily promoted, the circulation system has been accelerated and improved, the social security system has been gradually improved, and the basic public service system for coordinating urban and rural areas has been accelerated, and the market vitality has been effectively stimulated.

  The international and domestic markets are more closely linked. China’s gross domestic product exceeds 110 trillion yuan, and it has become the second largest commodity consumption market in the world, driving the continuous expansion of import scale and continuous optimization of structure. International economic and trade cooperation has been solidly promoted, and remarkable progress has been made in opening up to the outside world. China has become one of the most attractive foreign capital inflow countries, and the quality of foreign capital utilization has been continuously improved. China’s market and the global market have further coordinated development and mutual benefit.

  (2) of great significance

  Implementing the strategy of expanding domestic demand is to meet the realistic needs of people’s yearning for a better life. China’s economy has changed from a high-speed growth stage to a high-quality development stage, and its development requirements and conditions have shown new features. In particular, people’s yearning for a better life has generally changed from "whether there is" to "whether it is good", showing diversified, multi-level and multi-faceted characteristics. To solve the contradiction between the people’s growing need for a better life and the unbalanced development, we must firmly implement the strategy of expanding domestic demand, consolidate the foundation, promote the advantages, supplement the shortcomings and strong and weak items, meet the needs of the people by increasing the supply of high-quality products and services, promote the all-round development of people and the all-round progress of society, and promote the virtuous circle of supply and demand at a higher level.

  Implementing the strategy of expanding domestic demand is an active choice to give full play to the advantages of super-large-scale market. The economy of a big country is characterized by domestic demand. The domestic demand market is connected with economic development at one end and people’s livelihood at the other, which is the main support of economic development. After more than 40 years of reform and opening up, China’s economy has developed continuously and rapidly, and gradually formed a super-large-scale market advantage in terms of market demand, industrial system, human resources, soft and hard infrastructure, and laid the foundation for cultivating a complete domestic demand system. To give full play to the advantages of super-large-scale market, we must firmly implement the strategy of expanding domestic demand, expand household consumption and effective investment, enhance the resilience of economic development, and promote sustained and healthy economic development.

  Implementing the strategy of expanding domestic demand is an inevitable requirement to cope with the profound changes in the international environment. The great changes in the world that have never happened in a century have accelerated the evolution, the international power has been adjusted profoundly, the COVID-19 epidemic has a far-reaching impact, and the uncertainty of unbalanced world economic growth has increased. Unilateralism, protectionism and hegemonism pose a threat to world peace and development. Facing the complicated and severe external environment, we must firmly implement the strategy of expanding domestic demand and effectively deal with external risk challenges with our own stable development.

  Implementing the strategy of expanding domestic demand is the key support to promote economic cycle more efficiently. The key to building a new development pattern lies in the unimpeded economic cycle. To promote the smooth domestic circulation, we must firmly implement the strategy of expanding domestic demand, open up the blocking point of economic circulation and consolidate the domestic basic disk; To realize the mutual promotion of domestic and international double circulation, we must also firmly implement the strategy of expanding domestic demand, better rely on the domestic big market, effectively use global factors and market resources, achieve more efficient connection between domestic and foreign markets, and promote the development of a higher level of domestic big circulation.

  (3) Opportunities and challenges

  Entering the new stage of development, China’s domestic market foundation has become more solid, and the environmental conditions for implementing the strategy of expanding domestic demand have changed profoundly. Looking forward to the future, the characteristics of domestic market leading the national economic cycle will be more obvious, consumption has become the main driving force of China’s economic growth, and the optimization and upgrading of residents’ consumption will be combined with modern technology and production methods, and China, the most potential consumer market in the world, will continue to grow and develop. China is in the stage of rapid development of new industrialization, informationization, urbanization and agricultural modernization. Compared with developed countries, there is still much room for investment in many aspects, and the investment demand potential is huge. At the same time, Socialism with Chinese characteristics’s institutional advantages are remarkable, its macro-economic governance capacity has been continuously improved, reform and innovation have constantly nurtured new development momentum, the construction of a unified national market has been accelerated, the institutional environment for the circulation of goods and factors has been continuously improved, the quality and allocation level of production factors in China have been significantly improved, and the domestic market space has become broader.

  At the same time, we must see that China still faces many constraints in expanding domestic demand. The tightening of labor, land, environment and other factors restricts investment growth, innovation ability can not fully meet the requirements of high-quality development, and it is difficult to effectively meet the personalized and diversified consumer needs of the masses; There is a big gap between urban and rural regional development and income distribution, there are shortcomings in people’s livelihood security, hidden risks in financial and other fields can not be ignored, and there are still many institutional mechanisms that restrict the release of domestic demand potential; With the increasingly fierce international competition, it is a long way to go to turn China into a "gravitational field" of international high-end factor resources.

  On the whole, there are new developments and changes in the opportunities and challenges of expanding domestic demand in China, and the opportunities outweigh the challenges on the whole. We must firmly implement the strategy of expanding domestic demand, accurately grasp the development law of the domestic market, take precautions, seek advantages and avoid disadvantages, foster opportunities in the crisis, open up new opportunities in the changing situation, constantly release the potential of domestic demand, give full play to its pulling role, build a stronger domestic market, and promote the stable, healthy and sustainable development of China’s economy.

  Second, the overall requirements

  (4) Guiding ideology

  Guided by the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, adhere to the general tone of striving for progress while maintaining stability, base on the new stage of development, implement the new development concept completely, accurately and comprehensively, build a new development pattern, take promoting high-quality development as the theme, deepen supply-side structural reform as the main line, take reform and innovation as the fundamental driving force, take meeting the people’s growing needs for a better life as the fundamental purpose, adhere to the system concept, and better coordinate development and safety. Firmly grasp the strategic basis of expanding domestic demand, accelerate the cultivation of a complete domestic demand system, strengthen demand-side management, promote the formation of a strong domestic market, focus on unblocking the domestic economic cycle, promote the benign interaction between domestic and international double cycles, promote China’s economic stability and social stability and harmony, and lay a solid foundation for building a socialist modern country in an all-round way.

  (5) Working principles

  — — Adhere to the party’s leadership and give full play to the institutional advantages. Give full play to the Party’s core role of commanding the overall situation and coordinating all parties, implement the Party’s requirements of directing, seeking the overall situation, formulating policies and promoting reform, implement the Party’s leadership throughout the implementation of the strategy of expanding domestic demand, give full play to the remarkable advantages of China’s national system and national governance system in many aspects, and provide a fundamental guarantee for the implementation of the strategy of expanding domestic demand.

  — — Adhere to the people’s position and enhance people’s livelihood and well-being. Adhere to the people as the center, take meeting the people’s growing needs for a better life as the starting point and the end result of expanding domestic demand, always achieve development for the people, development depends on the people, and development results are shared by the people, solidly promote common prosperity, and continuously enhance the people’s sense of acquisition, happiness and security.

  — — Adhere to the top-level design and serve the overall strategy. Adhere to the strategic starting point of expanding domestic demand, lead and create new demand with innovation-driven and high-quality supply, make expanding domestic demand an important support for building a new development pattern, promote quality change, efficiency change and power change, and promote the dynamic balance between supply and demand at a higher level.

  — — Adhere to reform and opening up and enhance endogenous motivation. Unswervingly release and stimulate market potential by means of reform, combine effective market with promising government, give full play to the decisive role of market in resource allocation, better play the role of government, break down the institutional and institutional obstacles that restrict the growth of domestic demand, continuously improve the efficiency of factor allocation and product circulation, and at the same time implement a higher level of opening up, make full use of international high-end factor resources, and continuously enhance the vitality of the domestic market.

  — — Adhere to the system concept and strengthen synergy and efficiency. Strengthen forward-looking thinking, overall planning, strategic layout and overall promotion, speed up the cultivation of a complete domestic demand system, coordinate the major relationships between supply and demand, consumption and investment, domestic demand and external demand, quantity and quality, domestic and international, speed and benefit, efficiency and fairness, development and security, and do our best to achieve the unity of development quality, structure, scale, speed, benefit and security, so as to expand domestic demand.

  (VI) Development goals

  According to the strategic arrangement of building a socialist modern country in an all-round way, looking forward to 2035, the long-term goals of implementing the strategy of expanding domestic demand are: the scale of consumption and investment will reach a new level, and a complete domestic demand system will be established in an all-round way; New industrialization, informationization, urbanization and agricultural modernization have been basically realized, greater achievements have been made in the construction of a strong domestic market, major breakthroughs have been made in key core technologies, and the domestic cycle driven by innovation and domestic demand has become more efficient and smooth; People’s lives are better, the per capita income of urban and rural residents has reached a new level, middle-income groups have expanded significantly, basic public services have been equalized, the gap between urban and rural regional development and the gap between residents’ living standards has narrowed significantly, and all people have made more obvious substantive progress in common prosperity; The supporting role of reform in the development of domestic demand has been greatly improved, the high-standard market system has been improved, and the modern circulation system has been fully established; China’s new advantages in participating in global economic cooperation and competition have been continuously enhanced, and the international influence of the domestic market has been greatly enhanced.

  Anchoring the long-term goal in 2035 and considering the development environment and conditions comprehensively, the main objectives of implementing the strategy of expanding domestic demand during the 14 th Five-Year Plan period are:

  — — Promote consumption investment and achieve new breakthroughs in the scale of domestic demand. The basic role of consumption and the key role of investment have been further enhanced. Domestic demand has continued to develop healthily, quality and efficiency have been significantly improved, the advantages of ultra-large-scale market have been fully exerted, the domestic market has become stronger, and remarkable progress has been made in cultivating a complete domestic demand system.

  — — Improve the distribution pattern and continuously release the potential of domestic demand. The distribution structure has improved significantly, the gap between urban and rural regional development and the gap between residents’ living standards has gradually narrowed, and the actual growth of per capita disposable income of residents is basically in sync with economic growth. The level of equalization of basic public services has been continuously improved, the multi-level social security system has been improved, and social undertakings have been accelerated.

  — — Improve the quality of supply and better meet domestic demand. Significant progress has been made in structural reform on the supply side, the agricultural foundation has become more stable, the proportion of manufacturing industry has been basically stable, the construction of modern service industry has been accelerated, the development foundation of the real economy has been further consolidated, the transformation and upgrading of traditional industries have been accelerated, the development of new industries and new formats has been accelerated, the innovation capability has been significantly improved, the industrial base has been upgraded, the level of industrial chain modernization has been significantly improved, and the adaptability of the supply system to domestic demand has been continuously enhanced.

  — — Improve the market system, stimulate domestic demand and achieve remarkable results. A high-standard market system with unified opening, orderly competition, complete system and perfect governance has been basically established, goods and factors have flowed more smoothly between urban and rural areas, significant progress has been made in the reform of property rights system and market-oriented allocation of factors, the business environment has been continuously optimized, the fair competition system has been improved, and the modern circulation system has been established and improved.

  — — Smooth economic cycle, the efficiency of domestic demand development continues to improve. A new open economic system with a higher level has basically taken shape, and the degree of economic cooperation between China and neighboring regions has further deepened, which has continuously enhanced the driving role for the development of neighboring and global economies.

  (7) Key tasks

  Adhere to the problem orientation, focus on promoting high-quality development, and deploy and implement the key tasks of expanding domestic demand strategy in view of the main problems faced by China in expanding domestic demand in the medium and long term, especially the difficulties such as insufficient effective supply capacity, large distribution gap, low modernization of circulation system, imperfect consumption system and mechanism, and still need to optimize investment structure.

  Accelerate the cultivation of a complete domestic demand system. We should organically combine the implementation of the strategy of expanding domestic demand with deepening the structural reform on the supply side, expand the domestic demand system according to the whole chain of production, distribution, circulation, consumption and investment reproduction, and cultivate a complete domestic demand system composed of improving supply quality, optimizing distribution pattern, perfecting circulation system, comprehensively promoting consumption and expanding investment space.

  Promote the formation of a strong domestic market. Efforts will be made to tap the potential of domestic demand, especially to promote new urbanization and coordinated development between urban and rural areas to release the potential of domestic demand and further expand the domestic market. By optimizing the market structure, improving the market mechanism, stimulating market vitality and enhancing market resilience, we will further strengthen the domestic market and promote the stable development of the domestic market and the continuous improvement of international influence.

  Support the smooth domestic economic cycle. Further promote the organic connection and circular circulation of various elements, and form a benign domestic economic cycle of increasing products and services, accumulating social wealth, improving people’s well-being and enhancing national strength. Supported by a strong domestic economic cycle, we will strive to promote high-level opening up to the outside world, create a "gravitational field" of international high-end factor resources, make domestic and international markets better connected, enhance the efficiency and level of domestic large-scale circulation with international circulation, and realize mutual promotion and common progress of domestic and international double circulation.

  Third, comprehensively promote consumption and accelerate the upgrading of consumption.

  Final consumption is the lasting driving force of economic growth. Comply with the trend of consumption upgrading, promote traditional consumption, cultivate new consumption, expand service consumption, appropriately increase public consumption, and strive to meet personalized, diversified and high-quality consumer demand.

  (eight) continue to enhance traditional consumption.

  Improve basic consumption quality such as food and clothing. Strengthen guidance, strengthen supervision, support innovation, promote the supply of high-quality basic consumer goods, and promote the homogeneity of domestic and foreign products with the same line and standard. Advocate a healthy diet structure, increase the supply of healthy and nutritious agricultural products and food, and promote the healthy development of the catering industry. Persevere in stopping food and beverage waste.

  Release the potential of travel consumption. Optimize the layout of urban transportation network and vigorously develop smart transportation. Promote the transformation of automobile consumption from purchase management to use management. Promote the electrification, networking and intelligence of automobiles, and strengthen the construction of supporting facilities such as parking lots, charging piles, power exchange stations and hydrogen refueling stations. Facilitate second-hand car trading.

  Promote the healthy development of residential consumption. Adhere to the positioning of "houses are used for living, not for speculation", strengthen the guidance of real estate market expectations, explore new development models, accelerate the establishment of a housing system with multi-subject supply, multi-channel guarantee and simultaneous rent and purchase, and steadily implement a long-term mechanism for the stable and healthy development of the real estate market, support residents’ reasonable demand for self-occupation, curb speculative demand for investment, and stabilize land prices, prices and expectations. We will improve the basic system of housing security and support policies, focus on big cities with net population inflow, and expand the supply of affordable rental housing. Develop shared property housing according to local conditions. Improve the long-term rental policy, and gradually make the rental housing have the same rights in enjoying public services. Improve the housing provident fund system. Promote the construction of barrier-free facilities, promote the consumption of home decoration, increase the consumption of smart home appliances, and promote the development of digital homes.

  Better meet the consumption demand of high-end consumer goods. Promote the healthy and orderly development of the tax-free industry. Promote the integration of national brands with international standards, fully meet domestic consumer demand, and increase the domestic supply of high-end consumer goods. Cultivate and build an international consumption center city and create a number of regional consumption centers. Further promote the construction of Hainan international tourism consumption center.

  (9) Actively develop service consumption.

  Expand cultural and tourism consumption. Improve the modern cultural industry system and cultural market system, promote the development of high-quality cultural resources, and promote the creative transformation and innovative development of Chinese excellent traditional culture. Encourage cultural relics units to rely on the cultural resources in their collections to develop all kinds of cultural and creative products and expand the supply of high-quality cultural products and services. Vigorously develop holiday and leisure tourism. Expand diversified, personalized and customized tourism products and services. Accelerate the cultivation of tourism formats such as islands, cruise ships, low altitude and deserts. Release the consumption potential of general aviation.

  Increase the consumption of services for the aged and children. Adapt to the aging process of the population, promote the coordinated development of the old-age care cause and the old-age care industry, and speed up the improvement of the old-age care service system with the coordination of home community institutions and the combination of medical care and health care. Develop the silver-haired economy, promote the aging transformation of public facilities, and develop aging technologies and products. We will promote the connection between the birth policy and the economic and social policies, reduce the burden of family birth, parenting and education, improve the whole process of prenatal and postnatal care, and release the potential of the birth policy. Increase the supply of inclusive childcare and develop community childcare services with centralized management and operation.

  Provide multi-level medical and health services. Comprehensively promote the construction of a healthy China, deepen the reform of the medical and health system, improve the public health system, and promote the high-quality development of public hospitals. Support social forces to provide multi-level and diversified medical services, encourage the development of general medical services, and increase the effective supply of specialized medical services. Actively develop the cause of Chinese medicine, and strive to increase high-quality services such as Chinese medicine, health care, rehabilitation and healthy tourism. Actively develop personalized medical services. Strengthen occupational health protection. Improve the prevention and control measures of normalized epidemic situation. Optimize the types of vaccines in the national immunization program in a timely manner, and gradually incorporate safe, effective and financially affordable vaccines into the national immunization program.

  Improve the quality of education services. Improve the national education system and promote educational equity. Improve the guarantee mechanism for inclusive preschool education, special education and special education. Promote the balanced development of compulsory education and the integration of urban and rural areas. Consolidate and improve the popularization level of high school education. Focus on building world-class universities and first-class scientific research institutes, and strengthen the construction of science and education infrastructure and platform for integration of production and education. Improve the vocational and technical education and training system and enhance the adaptability of vocational and technical education. Encourage social forces to provide diversified educational services, support and standardize the development of private education, comprehensively standardize off-campus education and training behavior, steadily promote the reform of classified management of private education, and carry out high-level Chinese-foreign cooperation in running schools.

  Promote mass sports consumption. We will further implement the national fitness strategy, build a national trail system, and promote the construction of sports parks. Taking professional sports such as football and basketball as the starting point, we will improve the quality of sports events and the perception and experience of consumers, and promote the expansion and upgrading of the competition performance industry. Develop new formats such as online fitness and online competitions. Promote the ice and snow movement "spreading in the south and expanding in the west and advancing in the east", and drive the masses to "like ice and snow".

  Promote the upgrading and expansion of domestic service. Promote the professional, large-scale, networked and standardized development of domestic service industry, improve the standard system of domestic service, and develop employee-based domestic enterprises. Deepen the "leader" action of upgrading and expanding the domestic service industry. Improve the quality of domestic service and training, promote the identification of socialized vocational skills, and strengthen the occupational risk protection of domestic workers. Promote housekeeping into the community and build a 24-hour life chain service system. Encourage the development of high-end domestic services such as housekeepers.

  Improve the level of community public services. Build a community service system that combines public service, convenience service and voluntary mutual assistance service, enhance the function of community service, guide social forces to participate in the supply of community service, continuously improve the quality of community service, and improve the intelligent level of community service. Support the integration and innovation of home economics, pension, child care, property and other formats. Improve the ability and level of community epidemic prevention and control.

  (10) Accelerate the cultivation of new consumption.

  Support the integrated development of online and offline commodity consumption. Accelerate the digital transformation and transformation and upgrading of traditional offline formats. Enrich the application scenarios of 5G networks and Gigabit optical networks. Accelerate the research and development of intelligent products and support technical applications such as autonomous driving and unmanned distribution. Develop new retail formats such as smart supermarkets, smart stores and smart restaurants. We will improve the standard system of technologies and services in new consumption areas, standardize the development of platform economy according to law, and enhance the regulatory capacity of new formats.

  Cultivate a new model of "social service in internet plus". Strengthen and improve online learning services, and promote the co-construction and sharing of various digital education resources. Actively develop the "Internet+medical health" service, improve the charging policy for Internet diagnosis and treatment, and include eligible Internet medical services into the scope of medical insurance payment according to procedures. In-depth development of online entertainment, encourage traditional offline cultural and entertainment formats to be online, and support the creation of digital boutique content and emerging digital resource communication platforms. Encourage the development of smart tourism, smart radio and television and smart sports. Support the development of convenient online office and contactless transaction services.

  Promote the development of new consumption formats such as sharing economy. Expand the new space of shared life, encourage intelligent product upgrading and business model innovation in the fields of shared travel, shared accommodation and shared tourism, and improve the relevant standards of shared products with public service attributes. Create a new driving force for shared production, encourage enterprises to open platform resources, and fully tap the application potential of idle stock resources. Encourage manufacturing enterprises to explore Sharing Manufacturing’s business model and applicable scenarios. Comply with the trend of technological progress such as network and information, and support and guide the healthy development of new ways of life and consumption.

  Develop a new individual economy. Support diversified business models such as social e-commerce and webcasting, and encourage the development of innovative platforms based on knowledge dissemination and experience sharing. Support online diversified socialization, standardized and orderly development of short video platforms, and encourage innovations such as micro-applications, micro-products and micro-movies.

  (eleven) vigorously advocate green and low-carbon consumption.

  Actively develop the green and low-carbon consumer market. Improve the production and promotion mechanism of green and low-carbon products. Promote the green renewal and quality upgrade of durable consumer goods. Vigorously develop energy-saving and low-carbon buildings. Improve the green procurement system and increase the government’s procurement of low-carbon products. Establish and improve the standard, labeling and certification system of green products and the mechanism for realizing the value of ecological products. Accelerate the construction of a recycling system for waste materials and standardize the development of recycling industries for automobiles, power batteries, household appliances and electronic products.

  Advocate an economical and intensive green lifestyle. In-depth development of green life creation. Promote the construction of green communities. Planning and building urban and rural infrastructure according to the concept of green and low-carbon cycle. Advocate green and low-carbon travel, develop urban public transportation, and improve the urban slow traffic system. Improve urban ecology and ventilation corridors, and improve the level of urban greening. In-depth implementation of the national water-saving action. Continue to promote the management of excessive packaging, advocate rational consumption of consumers, and promote the formation of a social atmosphere of "saving glory and wasting shame".

  Fourth, optimize the investment structure and expand the investment space

  Be good at grasping the investment direction, remove investment obstacles, focus on key areas and weak links, strive to increase investment in manufacturing industry, intensify efforts to make up for shortcomings in key areas, systematically lay out new infrastructure, focus on improving investment efficiency, promote reasonable investment scale growth, continuously optimize the structure, and enhance the stamina of investment growth.

  (12) Increase investment support in manufacturing industry.

  Focusing on promoting the high-quality development of manufacturing industry and building a manufacturing power, we will guide all kinds of high-quality resource elements to gather in manufacturing industry. Increase investment in the optimization and upgrading of traditional manufacturing industries, expand investment in advanced manufacturing fields, and improve the quality and efficiency of the manufacturing supply system. Strengthen the technological transformation of manufacturing industry, and support enterprises to apply innovative technologies and products to implement technological transformation. Improve the policy system to promote the development of manufacturing industry, reduce the production and operation costs of enterprises, and enhance the profitability of manufacturing industry. Strengthen the protection of factors such as land use and energy consumption for manufacturing investment. Innovate and improve the equity and bond financing tools of manufacturing enterprises.

  (13) Continue to promote short-term investment in key areas.

  Accelerate the construction of transportation infrastructure. We will improve the national comprehensive three-dimensional transportation network with railways as the backbone and highways as the foundation, and give full play to the comparative advantages of water transport and civil aviation, promote the construction of the main skeleton of "6 axes, 7 corridors and 8 channels", and strengthen the transportation links between regions, urban agglomerations and provinces. Strengthen the construction of strategic backbone channels in the central and western regions and coastal areas along the Yangtze River, promote the upgrading and expansion of channels with tight capacity in an orderly manner, and strengthen interconnection with neighboring countries. Accelerate the construction of the national railway network, run through the main channels of "eight vertical and eight horizontal" high-speed railways, promote the construction of regional connecting lines in an orderly manner, and accelerate the construction of ordinary-speed railways and the transformation and upgrading of existing railways. Support key urban agglomerations to take the lead in building intercity railway networks, promote the development of urban (suburban) railways and urban rail transit in key metropolitan areas, and integrate them with trunk railways. Improve the backbone lines of the highway network, improve the quality of the national highway network, speed up the construction of inter-provincial highways, and promote the upgrading of bottleneck sections of ordinary national highways. Continue to promote the construction of "four good rural roads". Strengthen the construction of aviation network, speed up the construction of international and regional hub airports, actively promote the construction of regional airports and general airports, and promote the construction of world-class airports in Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area and Chengdu-Chongqing. Enhance the comprehensive advantages of water transport, promote the construction of world-class port groups in the coastal areas of Tianjin and Hebei, the Yangtze River Delta and Guangdong-Hong Kong-Macao Greater Bay Area, support the construction of international shipping centers, and accelerate the construction of high-grade inland waterway networks such as the Yangtze River. Construct a multi-level and integrated comprehensive transportation hub system.

  Strengthen the construction of energy infrastructure. Improve the safety and intelligence level of power grid, optimize the layout of power production and transmission channels, improve the layout and structure of power grid main grid, build key projects of trans-provincial and trans-regional transmission channels in an orderly manner, actively promote the transformation of distribution network and rural power grid construction, and enhance the power transmission and distribution capacity to remote areas. Optimize the coal production and transportation structure, promote the intelligent and green development of coal mines, optimize the construction of five coal supply guarantee bases in Mengxi, Mengdong, Northern Shaanxi, Shanxi and Xinjiang, and improve the coal railway transportation capacity. Accelerate the construction of national trunk oil and gas pipelines, intensively arrange and orderly promote the planning and construction of lng terminal and liquefied natural gas filling stations for vehicles and vessels. Greatly improve the utilization level of clean energy, build a multi-energy complementary clean energy base, and accelerate the construction of large-scale wind power and photovoltaic bases with emphasis on deserts, Gobi and desert areas. Coordinate the promotion of ultra-low emission and energy-saving transformation of active coal-fired power units, and improve the clean and efficient development level of coal-fired power. Promote the construction of a new power system and improve the consumption and storage capacity of clean energy.

  Accelerate the construction of water conservancy infrastructure. Accelerate the construction of a comprehensive water network integrating flood control and disaster reduction, water resources allocation, water ecological protection and other functions, and enhance the national water security guarantee capacity. Promote the construction of comprehensive water control projects and regulation and storage projects, accelerate the construction of cross-basin and cross-regional water resources allocation projects based on the overall basin and spatial balanced allocation of water resources, implement water diversion projects that play an important role in regional development, and enhance the ability of optimal allocation of water resources. Strengthen the construction of water-saving infrastructure. Improve the ability to prevent floods and droughts, speed up the completion of flood control shortcomings in large rivers and lakes, promote the construction of dike reinforcement, river regulation, control projects, flood storage and detention areas, and strengthen the management of small and medium-sized rivers, the prevention and control of mountain torrents and the reinforcement of dangerous reservoirs. Promote the construction of water supply, irrigation and water source projects, and strengthen the joint dispatch of water supply areas. Conditional areas can bring villages around towns into urban water supply system. Strengthen the construction of small and medium-sized water source projects in rural areas and the protection of drinking water sources, and promote the construction and modernization of large and medium-sized irrigation areas. Promote the construction of large-scale seawater desalination facilities in coastal water-deficient cities.

  Improve the logistics infrastructure network. Coordinate the layout construction of national logistics hub, national backbone cold chain logistics base and demonstration logistics park, optimize the backbone logistics infrastructure network at the national level, improve the cross-regional logistics service capacity, and support the construction of a modern logistics operation system of "channel+hub+network". Optimize the network of business logistics facilities supported by comprehensive logistics parks, professional distribution centers and terminal distribution outlets. Accelerate the construction of cold chain logistics facilities for storage and preservation of agricultural products, improve the network coverage of urban and rural cold chain facilities, and promote the full coverage of cold chain for food production and marketing.

  Strengthen the construction of ecological and environmental protection facilities. Improve the level of eco-environmental infrastructure in an all-round way, build an environmental infrastructure system integrating sewage, garbage, solid waste, hazardous waste, medical waste treatment and disposal facilities and monitoring and supervision capabilities, and form an environmental infrastructure network extending from cities to towns and villages. Implement major projects for the protection and restoration of important ecosystems. Promote the establishment of an ecological protection compensation system. We will comprehensively promote the efficient use of resources and build ecological and environmental protection facilities that promote the improvement of clean energy utilization and reduce carbon dioxide emissions.

  Improve social and livelihood infrastructure. Fill in the shortcomings in the medical field, improve the urban infectious disease treatment network, comprehensively improve the treatment capacity of county-level hospitals, continuously improve the facilities of county-level hospitals, fill in the basic medical equipment such as township hospitals and village clinics, comprehensively improve the facilities and equipment of disease control institutions, improve the port public health prevention and control system, and improve the public health prevention and control capacity. Accelerate the filling of shortcomings in educational resources, strengthen the construction of educational infrastructure, and improve the conditions for running schools at all levels. Increase the service facilities of inclusive old-age care and medical care. Improve maternal and child health service facilities, and actively plan and build infant care and minor protection service institutions and facilities. Improve the level of county-level public cultural facilities and strengthen the construction of facilities such as radio and television transmission coverage. Accelerate the construction of high-quality and distinctive tourist attractions, resorts and leisure blocks. Improve the level of sports facilities and continuously improve the fitness facilities around the masses.

  (XIV) New infrastructure for system layout

  Accelerate the construction of information infrastructure. Build a high-speed ubiquitous, integrated, interconnected, safe and efficient information infrastructure to enhance data perception, transmission, storage and calculation capabilities. Accelerate the construction of Internet of Things, industrial Internet, satellite Internet and Gigabit optical network, build a national integrated big data center system, lay out and build national hub nodes of big data centers, promote the extensive and in-depth application of artificial intelligence and cloud computing, and promote the mutual integration and intelligent configuration of "cloud, network and terminal" resource elements. Demand-oriented, enhance the service capacity of the national wide-area quantum secure communication backbone network.

  Comprehensively develop integrated infrastructure. Promote the deep integration of technologies such as 5G, artificial intelligence and big data with transportation and logistics, energy, ecological protection, water conservancy, emergency response and public services, and help improve the governance capacity of related industries. Support the use of 5G technology to upgrade the cable TV network. Actively and steadily develop the Internet of Vehicles.

  Forward-looking layout and innovative infrastructure. Support qualified places to build regional innovative highlands, and moderately advance the layout and construction of major scientific and technological infrastructure. Optimize and upgrade industrial innovation infrastructure such as National Industrial Innovation Center, National Manufacturing Innovation Center, National Engineering Research Center and National Technology Innovation Center, and strengthen the supply of common basic technologies.

  Fifth, promote the coordinated development of urban and rural areas and release the potential of domestic demand.

  Urbanization is an important support for expanding domestic demand, and the strategy of expanding domestic demand and the new urbanization strategy are connected in an orderly manner, making it an important driving force for economic development. Promoting the coordinated development of urban and rural areas is an important measure to release the potential of domestic demand and promote industrial upgrading. We should adhere to the national chess game, fully implement the strategy of rural revitalization, adhere to the major regional strategies and regional coordinated development strategies, enhance the integrity and coordination of development, and fully release the potential energy of domestic demand.

  (15) Promote new urbanization with people as the core.

  Promote the urbanization of agricultural transfer population. We will deepen the reform of the household registration system, establish and improve the system of providing basic public services in permanent residences, promote the full integration of agricultural transfer population into cities, and improve the quality of citizenization. Improve the relevant policies of linking financial transfer payment with the urbanization of agricultural transfer population. According to the law, we will guarantee the rural land contracting right, homestead use right and collective income distribution right of farmers who have settled in cities, establish a market system for rural property rights transfer, and improve the market-oriented exit mechanism and supporting policies for farmers’ "three rights".

  Cultivate urban agglomerations and metropolitan areas. We will promote the construction of urban agglomerations such as the twin-city economic circle in Chengdu and Chongqing, improve the system and mechanism for the integrated development of urban agglomerations, and make overall plans to promote the coordinated layout of infrastructure, industrial division of labor and cooperation, public service sharing, ecological co-construction and environmental governance. Relying on the central cities with strong radiation-driven ability, we will improve the level of coordinated development of commuter circles and cultivate and develop a modern metropolitan area with a high degree of urbanization. We will promote the slimming and fitness of mega-cities and strictly control the disorderly expansion of central cities. Improve the functions of large and medium-sized cities that are livable and suitable for business, and support the cultivation of new small and medium-sized cities. We will improve the urban system, strengthen urban ecological restoration and function improvement according to laws and regulations, and reasonably determine the city scale, population density and spatial structure.

  Promote urbanization with county towns as an important carrier. Promote the upgrading and capacity expansion of county public services, environmental sanitation, municipal utilities, industrial facilities and other facilities, and enhance the comprehensive carrying capacity and governance capacity. Encourage the rapid development of counties in the eastern urbanization areas, support the construction of counties in the central and western urbanization areas and northeast urbanization areas, and reasonably guide the construction of counties in major agricultural products producing areas and key ecological function areas. According to the location conditions, resource endowment and development foundation, the development of small towns is guided by classification. Promote the standardized and healthy development of characteristic towns.

  Promote the planning and construction of urban facilities and urban renewal. Strengthen the systematic construction of municipal water, electricity, gas, roads, heat and communication, promote the construction of underground utility tunnel and other facilities and sponge cities, strengthen urban waterlogging control, strengthen the construction of urban sewage and garbage collection and treatment system, and build a livable, innovative, intelligent, green, humanistic and resilient city. Strengthen the renovation of old urban communities and community construction, fill the shortcomings of residential community facilities, and improve the community living environment. Accelerate the seismic reinforcement and reconstruction of housing facilities in earthquake-prone areas and strengthen urban safety monitoring. Strengthen historical and cultural protection, shape the city’s style, and continue the historical context of the city.

  (sixteen) actively promote rural modernization.

  Implement rural construction actions. Considering the evolution law, agglomeration characteristics and current situation distribution of villages, and combining the radius of farmers’ production and life, the layout and scale of villages are reasonably determined. Improve rural infrastructure and comprehensive service facilities, improve the quality of rural houses, and strictly build safety standards. Strengthen the construction of rural ecological civilization and the improvement of rural human settlements. Promote rural customs and traditions. Strengthen the protection of cultural heritage in rural areas, protect traditional villages, ethnic villages and rural features, so that residents can see mountains, water and remember to live in homesickness.

  Improve the rural market system. Improve the circulation network of agricultural products, strengthen the construction of rural trade system, and smooth the two-way circulation channels of industrial products going to the countryside and agricultural products entering the city. Improve the county-level logistics node facilities system with county-level logistics nodes as the core, township service stations as the skeleton and village-level terminal outlets as the extension, and improve rural e-commerce supporting services. Cultivate the network brand of agricultural products. Promote the upgrading of rural residents’ consumption of automobiles, household appliances, furniture and home improvement. Guide counties to introduce new modes of urban consumption, and fully meet the personalized, diversified and high-end consumption needs of county and township residents. We will continue to crack down on counterfeit and shoddy products according to law and standardize the rural market order.

  Enrich the rural economic form. We will further implement the strategy of rejuvenating agriculture through quality, promote the integrated development of rural primary, secondary and tertiary industries, develop modern agricultural product processing industry with high quality, and extend the agricultural industrial chain. We will develop modern rural industries with different characteristics to enrich the people, and expand characteristic industries such as leisure agriculture, rural tourism, homestay economy and rural culture. Improve the interest linkage mechanism, so that farmers can share more industrial value-added benefits. Develop a new rural collective economy, support all kinds of new agricultural management entities, and improve agricultural management efficiency and farmers’ occupational appeal. Promote the revitalization of rural talents, optimize the environment for rural innovation and entrepreneurship, and stimulate the vitality of rural innovation and entrepreneurship.

  Improve the system and mechanism of urban-rural integration development. Strengthen industry to supplement agriculture, and promote the formation of a new type of relationship between workers, peasants and urban areas with mutual promotion, urban-rural complementarity, coordinated development and common prosperity. Coordinate the promotion of urban and rural planning layout and construction management, so that urban and rural areas have their own beauty and beauty. Promote the integration and coordinated development of urban and rural areas in terms of factor allocation, industrial development, safety standards, public services, ecological protection, etc., promote the equal exchange of urban and rural production factors, two-way free flow and rational allocation of public resources, and gradually narrow the gap between urban and rural development and the living standards of residents.

  (seventeen) optimize the regional economic layout.

  Relying on major regional strategies to create a new growth pole of domestic demand. Taking the function of relieving Beijing’s non-capital as the "bull nose", we will continue to promote the coordinated development of Beijing, Tianjin and Hebei. Adhere to ecological priority, green development and joint protection, do not engage in large-scale development, and comprehensively promote the high-quality development of the Yangtze River Economic Belt. We will support Hong Kong and Macao to better integrate into the overall situation of national development and actively and steadily promote the construction of Guangdong-Hong Kong-Macao Greater Bay Area. Closely adhere to "integration" and "high quality" to improve the integration development level of the Yangtze River Delta. Coordinate the upper, middle and lower reaches to achieve great protection and solidly promote the ecological protection and high-quality development of the Yellow River Basin. Support areas with advantages in economic development to enhance the carrying capacity of economy and population, enhance the capacity of innovation strategy and global resource allocation, promote inter-regional integration and interaction, foster new growth poles, and promote the overall improvement of national economic efficiency.

  Promote regional coordinated development and improve the spatial pattern of domestic demand growth. Give full play to the comparative advantages of various regions under the framework of the unified national market, strive to achieve differential competition and dislocation development, and release the huge domestic demand potential of regional coordinated development. We will further promote the development of the western region, the overall revitalization of the Northeast, the rise of the central region, and the development of the eastern region, support the underdeveloped areas, old revolutionary areas and other special types of areas to accelerate development, and increase support for the development of ethnic areas. We will promote the effective connection between consolidating and expanding the achievements of poverty alleviation and rural revitalization, and improve the assistance mechanism for rural low-income people and underdeveloped areas. Improve the inter-regional interest compensation and other mechanisms to promote regional coordinated development. Actively expand the development space of marine economy.

  Sixth, improve the quality of supply and drive the demand to be better realized.

  Effective and smooth supply side can open up circulation blocking points, eliminate bottlenecks, meet existing demand and further lead the creation of new demand. It is necessary to face the change of demand structure and supply revolution, conform to the new round of scientific and technological revolution and industrial transformation trend, strengthen self-reliance and self-reliance in science and technology, lead and create new demand with innovation-driven and high-quality supply, and promote a virtuous circle of supply and demand at a higher level.

  (eighteen) accelerate the development of new industries and new products.

  Achieve a high level of science and technology, self-reliance and self-improvement. Optimize the overall layout of the national innovation system with the national strategic demand as the guide, and strengthen the strategic scientific and technological strength led by the national laboratory. Promote the optimal allocation and resource sharing of scientific research forces in scientific research institutes, universities and enterprises. Improve the new national system, determine the direction and focus of scientific and technological innovation, and improve the organization and management of scientific research projects. We will implement a number of forward-looking and strategic national major scientific and technological projects in frontier fields such as artificial intelligence, quantum information and brain science. Focus on core basic parts and components, key basic materials, key basic software, advanced basic technology and industrial technology foundation, and guide the upstream and downstream of the industrial chain to jointly tackle key problems. Persevere in strengthening basic research, give full play to the role of the national team of important institutions and universities, and focus on the layout of a number of basic discipline research centers. Strengthen the effective connection between scientific research and market application, support the coordination of Industry-University-Research, and promote the development of industrial chain, innovation chain and ecological chain. Strengthen the main role of scientific and technological innovation in enterprises.

  Expand strategic emerging industries. Further promote the development of national strategic emerging industrial clusters and build national strategic emerging industrial bases. Improve the core competitiveness of the information technology industry in an all-round way, and promote technological innovations and applications such as artificial intelligence, advanced communications, integrated circuits, new displays, and advanced computing. Accelerate the industrialization development of biomedicine, bio-agriculture, bio-manufacturing and gene technology application services. Develop and expand the new energy industry. Promote the development and application of cutting-edge new materials. Promote the application and industrialization of major equipment engineering, accelerate the research and development of large aircraft, aero-engines and airborne equipment, and promote the construction of satellite and application infrastructure. Develop digital creative industries. In the field of cutting-edge science and technology and industrial transformation, organize the implementation of future industry incubation and acceleration plans, and plan future industries in a forward-looking way. Promote the development of advanced manufacturing clusters, build a national demonstration base for new industrialized industries, and cultivate world-class advanced manufacturing clusters.

  Strengthen the application of innovative products. Relying on China’s super-large-scale market and complete industrial system, we will create unique advantages that are conducive to the rapid and large-scale application and iterative upgrading of new technologies and accelerate the transformation of scientific and technological achievements into real productive forces. Improve the incentive and risk compensation mechanism, and promote the demonstration application of the first set of equipment and the first batch of sub-materials. Establish a rapid review and approval mechanism for important products.

  Accelerate the promotion of digital industrialization and industrial digitalization. Strengthen the construction of digital society and digital government, develop inclusive "using numbers to empower wisdom", and continuously improve the level of digital governance. Establish and improve the cross-departmental and cross-regional data resource circulation application mechanism, strengthen the ability of data security, and optimize the circulation environment of data elements. Accelerate the development and utilization of data resources and the construction of its system norms, build an internationally competitive digital industrial cluster, and increase the digital empowerment of SMEs, especially manufacturing SMEs. Actively participate in the formulation of international rules and standards in the digital field.

  Stimulate the innovative vitality of talents. Follow the law of talent growth and scientific research activities, and cultivate more world-class leading talents. Strengthen the cultivation of innovative, applied and skilled talents, and expand the team of high-level engineers and skilled talents. Encourage large enterprises and scientific research institutes to jointly cultivate scientific and technological talents. Improve the evaluation system of scientific and technological talents oriented to innovation ability, quality, effectiveness and contribution, and improve the evaluation system of skilled talents. Carry forward the scientific spirit and craftsman spirit, and improve the scientific quality of the whole people.

  (nineteen) actively promote the transformation and upgrading of traditional industries.

  Vigorously develop modern agriculture. We will continue to strengthen the basic position of agriculture, accelerate the establishment of modern agricultural industrial systems, production systems and management systems, and develop specialized and socialized agricultural services. We will improve the agricultural support and protection system, optimize the regional distribution of agricultural production, and strengthen the construction of grain production functional areas, important agricultural product production protection areas, and characteristic agricultural product advantage areas. Optimize the agricultural production structure and expand the production of agricultural products in short supply. Strengthen the construction of high-standard farmland, strengthen the protection of black land in Northeast China and restore soil fertility, and enhance the comprehensive grain production capacity. Promote the transformation and upgrading of animal husbandry, develop standardized scale farming, strengthen the prevention and control of animal disease risks, and promote the resource utilization of livestock and poultry breeding waste. Promote green and healthy aquaculture of aquatic products and develop marine fisheries in a standardized and orderly manner. Strengthen the support of agricultural science and technology and equipment, and promote agricultural mechanization and intelligent agricultural machinery and equipment. Promote the development of smart agriculture.

  Promote high-end, intelligent and green manufacturing. In-depth implementation of the industrial Internet innovation and development strategy. Promote the convergence of production factors such as data, talents and technology in traditional industries and accelerate the digital transformation of enterprises. Develop intelligent manufacturing and green manufacturing, and promote the transformation of production methods to flexibility, intelligence and refinement. Build a multi-level resource efficient recycling system, promote the comprehensive utilization of bulk solid waste, and standardize the development of remanufacturing industry.

  Optimize the layout of regional industrial capacity. Give full play to the comparative advantages of various regions and optimize the pattern of regional division of labor and cooperation. Optimize the planning and layout of petrochemical, steel and other important basic industries, and strictly control the construction of projects with high energy consumption and high emissions. We will continue to improve the guidance catalogue for industrial restructuring and the catalogue of encouraged industries in the western region, support and guide the central, western and northeastern regions to undertake the gradient transfer of domestic industries on the basis of fully considering the carrying capacity of resources and environment. Promote the reconstruction of the competitive advantage of manufacturing industry in the old industrial base. Strengthen unified planning and macro guidance on the layout of major productive forces to prevent blind investment and redundant construction.

  Continue to promote the extension of producer services to the high end. Develop service-oriented manufacturing, encourage manufacturing enterprises to develop producer services, expand value-added services such as R&D design, supply chain collaboration, system solutions, flexible customization, and life cycle management, and promote the transformation of manufacturing enterprises from providing "products" to providing "products+services" and upgrade the value chain. Promote the integrated development of modern service industry and advanced manufacturing industry. Actively develop science and technology service industry. Support the development of new specialized service organizations in the fields of intelligent manufacturing and process reengineering. Develop outsourcing of productive services such as R&D, design and testing, and encourage service enterprises such as e-commerce to expand into manufacturing. Guide embedded cooperation between R&D and design enterprises and manufacturing enterprises. Cultivate professional and international intellectual property service brand institutions. Focus on improving the efficiency of factor allocation and promoting the innovative development of services such as supply chain finance, information data and human resources.

  (twenty) efforts to strengthen the standard quality brand building.

  Improve the product and service standard system. Establish and improve a unified and compulsory national standard system. Establish a standard system for the whole industrial chain of modern agriculture, improve the high-end standard system of manufacturing industry, dynamically adjust the safety standards of consumer goods, and improve the standard system of service industries such as tourism, pension, trade and circulation. Optimize the "leader" system of enterprise standards. Vigorously develop advanced group standards. Accelerate the construction of national modern advanced measurement system. Strengthen the construction of inspection and testing system.

  Continuously improve the quality of products and services. Strengthen quality and safety supervision, promote quality classification, and steadily improve the quality and safety level of consumer goods. Improve the quality certification system and improve the quality certification acceptance mechanism. Accelerate the construction of an important product traceability system covering online and offline, implement a quality service identification management system, and promote quality consumption.

  In-depth implementation of trademark brand strategy. Create China brand, cultivate and develop Chinese time-honored brands and characteristic traditional cultural brands. We will continue to organize China Brand Day activities, publicize and promote domestic products, enhance the awareness of brand development in the whole society, and cultivate more world-renowned China brands in fair market competition and consumers’ independent choice.

  Seven, improve the modern market and circulation system, and promote the organic connection between production and demand.

  A perfect market system can promote the allocation of resources to maximize benefits and optimize efficiency, and an efficient circulation system can organically link production and consumption in a wider range and deeper degree. It is necessary to promote the formation of a unified national market, accelerate the improvement of the basic system of the market system, build a modern circulation system, optimize the allocation of production factors, effectively improve the efficiency of market operation and circulation, and promote the close integration of production and demand.

  (twenty-one) to improve the level of market-oriented allocation of factors.

  Promote the orderly flow of labor factors. Create a fair employment environment and ensure that urban and rural workers enjoy equal employment rights. Establish a coordinated labor and talent flow policy system and exchange and cooperation mechanism, improve a unified and standardized human resources market system, improve a unified national public service platform for human resources and social security, and promote the transformation of public resources from being mainly allocated according to urban administrative levels to managing population size mainly according to actual services.

  Promote the market-oriented allocation of operational land elements. Improve the unified urban and rural construction land market and rationally adjust the land value-added income. Explore the establishment of a nationwide cross-regional trading mechanism for construction land indicators and supplementary cultivated land indicators. Accelerate the cultivation and development of the secondary market for construction land, promote the market-oriented allocation of industrial land, promote the rational conversion of different types of industrial land, and explore ways to increase the supply of mixed industrial land. We will improve the formulation and release system of urban and rural benchmark land prices and calibrated land prices, and gradually form a dynamic adjustment mechanism linked to market prices. Make full use of market mechanism to revitalize existing land and inefficient land use.

  Improve the allocation mechanism of knowledge, technology and data elements. Deepen the reform of the right to use, dispose of and benefit from scientific and technological achievements, and improve the incentive mechanism for the transformation of post scientific and technological achievements. Intensify the reform of scientific research institutions and support scientific research institutions to try out more flexible management systems such as posts and salaries. Establish and improve the free and orderly flow mechanism of innovative resources among universities, scientific research institutions and enterprises. Construction of national intellectual property rights and scientific and technological achievements property rights trading institutions. Improve the market-oriented allocation mechanism of data elements, and establish basic systems and standards for data resource property rights, transaction circulation, cross-border transmission and security protection.

  (twenty-two) accelerate the establishment of a fair and unified market.

  Improve the market order of fair competition. Enterprises of all types of ownership are treated equally in terms of factor acquisition, access permit, operation and operation, standard formulation, bidding and government procurement. Establish fair, open and transparent competition rules, build a competition policy implementation mechanism covering all aspects before and after the event, improve the fair competition review mechanism, and strengthen the rigid constraints of fair competition review. Strengthen and improve anti-monopoly and anti-unfair competition law enforcement and improve laws and regulations. Improve the evaluation system of market competition.

  Accelerate the construction of a unified national market. Get rid of local protection and market segmentation, build an efficient, standardized and fair domestic unified market, get rid of institutional and institutional obstacles that hinder the market-oriented allocation of production factors and the circulation of goods and services, and reduce the transaction costs of the whole society. Improve the negative list system of market access and comprehensively improve the efficiency of market access. Promote the market-oriented reform of competitive links in energy, railways, telecommunications, public utilities and other industries. Deepen the integration and sharing of public resources trading platforms. Reasonably divide the market supervision powers of different levels of government, and build a cross-regional market supervision mechanism to effectively prevent abuse of administrative power to restrict competition.

  (twenty-three) to build a modern circulation system

  Optimize the modern business system. Improve the city’s commercial level, develop smart business circles, build a hierarchical and classified urban commercial pattern, and create a "quarter-hour" convenient life circle. Strengthen the construction of county commerce and establish and improve the rural commercial system. Accelerate the integration and innovation of technologies such as the Internet of Things and artificial intelligence with commercial circulation formats, while paying attention to preventing monopoly and security risks.

  Develop modern logistics system. Focusing on improving the service chain, strengthening the service function, and coordinating the supply chain, we will improve the intensive and efficient modern logistics service system. Promote the integration and development of modern logistics industry with agriculture, manufacturing and commerce. Actively develop public iron and water combined transport, river-sea combined transport and railway express. Explore the establishment of an overall logistics coordination mechanism for urban agglomerations and cultivate organically coordinated logistics clusters. Optimize international shipping routes, strengthen international air freight network, consolidate and upgrade international railway transportation organizations such as China-Europe trains, promote the development of cross-border road transportation, support the optimization of the global layout of overseas warehouses, accelerate the construction of efficient and smooth diversified international logistics trunk routes, and form a safe and efficient logistics network with internal and external connectivity.

  Eight, deepen reform and opening up, enhance the development momentum of domestic demand.

  Making full use of the key measure of reform and opening to the outside world at a higher level can provide a powerful impetus for deepening the potential of domestic demand and expanding the final demand. It is necessary to focus on key issues in key areas, strengthen the systematic integration, coordination and efficiency of reform and opening-up measures, improve the institutional arrangements for promoting consumption and expanding investment, and provide a steady stream of motivation and vitality for the development of the domestic market.

  (twenty-four) improve the system and mechanism to promote consumption.

  Continue to release the service consumption potential. We will implement lenient entry and strict management, and lift access restrictions in service consumption areas that can rely on full market competition to improve supply quality. For the service fields with natural monopoly properties in industries such as electric power and oil and gas, the network and transportation should be separated according to the characteristics of different industries, and the entry threshold for services with relatively full upstream and downstream competition should be relaxed. In accordance with the requirements of separating government affairs, enterprises and management, we will continue to promote the reform of public institutions in the fields of education, science and technology, culture, health and sports.

  Strengthen the protection of consumer rights and interests. Establish and improve a new regulatory mechanism that adapts to the development characteristics of new consumption formats and new models. Establish a punitive huge compensation system for counterfeit and shoddy products. We will improve the systems of defective product recall, product injury monitoring and product quality assurance, and improve the diversified consumer rights protection mechanism and dispute resolution mechanism. Strict food and drug supervision to ensure safety. Strengthen price supervision in key commodities and services and maintain market price order.

  (twenty-five) to promote the reform of investment and financing system.

  Increase support and guidance for private investment. We will unswervingly consolidate and develop the public sector of the economy, unswervingly encourage, support and guide the development of the non-public sector of the economy, and promote the complementary advantages and common development of the public sector and the non-public sector of the economy. We will improve support policies, give play to the guiding role of government funds, and guide private capital to participate in major projects such as new infrastructure, new urbanization, transportation and water conservancy, and make up for shortcomings. Encourage private enterprises to increase investment in research and development, promote equipment renewal and technological transformation, expand investment in strategic emerging industries, improve their independent innovation capability, and master core technologies with independent intellectual property rights. Encourage and guide non-state-owned capital investors to participate in the restructuring and reorganization of state-owned enterprises through various forms such as shareholding and asset acquisition. Effectively protect the legitimate rights and interests of private enterprises and cultivate and maintain a fair and competitive investment environment. Strengthen the service, guidance and standardized management of private enterprises.

  Continuously improve the investment management model. We will work together to promote the reform of the investment approval system, standardize and orderly promote innovative experiences in investment approval such as enterprise investment project commitment system, regional evaluation and standard land reform, and strengthen the institutional connection between investment decision-making and planning, land use and environmental assessment. Improve investment laws and regulations and law enforcement mechanisms, and improve the local supporting system. Strengthen post-event supervision of investment projects, especially record-keeping projects. Establish and improve the inter-departmental sharing mechanism of investment approval data, and promote the "one list" of investment approval rights and responsibilities, "integrated sharing" of approval data, and "one network for approval matters".

  Improve the financing mechanism of investment projects. Continue to optimize the structure of government investment and increase support for short-board areas. Promote the healthy development of real estate investment trusts in infrastructure in an orderly manner. Revitalize the existing assets in various ways to form a virtuous circle of existing assets and new investment. Standardize and orderly promote the cooperation between government and social capital. Encourage financial institutions to provide more financial products and services that directly reach the real economy in accordance with laws and regulations. Improve the government financing guarantee system. Strengthen the financing function of the capital market to the real economy and increase the proportion of direct financing, especially equity financing. Expand the scale of bond financing and promote the interconnection of bond markets.

  (26) Optimize the business environment and stimulate market vitality.

  Deepen the "streamline administration, delegate power, strengthen regulation and improve services" reform. We will continue to deepen the reform of the administrative examination and approval system and the commercial system, reduce and optimize the business licensing matters involving enterprises, reform and improve the production licensing system, and simplify the examination and approval procedures for industrial products production licenses. Accelerate the establishment of an all-round, multi-level and three-dimensional supervision system, and realize the supervision of the whole chain and all fields before and after the event. Improve the standardization, standardization and facilitation of enterprise start-up, simplify the ordinary cancellation procedures, and establish and improve the bankruptcy system of enterprises and natural persons. Accelerate the sharing of market data across departments and standardize the public use and release of data of commercial institutions. Improve the business environment evaluation system.

  Improve the modern property right system. Strengthen property rights protection and incentives, improve the property rights protection system based on the principle of fairness, improve the judicial protection system for property rights enforcement, and comprehensively and equally protect all kinds of property rights according to law. Strengthen the whole chain protection of intellectual property rights, enhance the ability of intellectual property rights review, and establish and improve mechanisms such as rapid response and punitive damages for intellectual property rights infringement. Strengthen the construction of property rights system in the fields of data, knowledge and environment, and improve the property rights system and laws and regulations of natural resources assets. We will improve the transaction system of state-owned property rights and the system of confirming and protecting rural collective property rights.

  Improve the social credit system. Promote the construction of credit rule by law and improve the social credit laws, regulations and policy system. Strengthen the collection, sharing, publicity and application of credit information in accordance with the law and regulations, and establish an integration mechanism for sharing public credit information and financial information. Establish and improve a new supervision mechanism based on credit, strengthen the comprehensive evaluation of enterprise credit status, promote the credit commitment and notification commitment system, and improve the incentive mechanism of trustworthiness and disciplinary mechanism of dishonesty according to laws and regulations. Strengthen the construction of consumer credit system. Strengthen the construction of honesty culture and publicity and education, and create a fair and honest market environment and social environment.

  (twenty-seven) to play the role of opening up to the outside world in promoting domestic demand.

  Build the "Belt and Road" with high quality. Promote infrastructure interconnection and expand third-party market cooperation. Build a mutually beneficial industrial chain and supply chain cooperation system, deepen international capacity cooperation, expand two-way trade and investment, and improve a diversified investment and financing system. Accelerate the high-quality development of the new land and sea corridor in the west, improve the quality of China-Europe trains, and promote the formulation of international land transport trade rules. Support all localities to deepen and jointly build the "Belt and Road" countries’ exchanges and cooperation.

  Continuously improve the level of utilizing foreign capital. Promote investment facilitation, steadily promote institutional opening of rules, regulations, management and standards, improve the management system of national treatment plus negative list before foreign investment access, comprehensively and thoroughly implement national treatment after access, and promote fair competition between domestic and foreign-funded enterprises. Encourage foreign investors to invest in high-end manufacturing, high-tech and modern service industries. Strengthen the protection of the legitimate rights and interests of foreign investment. Promote a better combination of attracting foreign investment and attracting talents, and encourage foreign-funded enterprises to further integrate into China’s innovation system.

  Create a high-level, wide-scale and deep-seated open highland. Adhere to the combination of promoting a higher level of opening up and coordinated regional development, and jointly promote the expansion of inland opening up, accelerate the opening up along the border, and upgrade the level of coastal opening up. We will build various platforms and carriers for development and opening up, and accelerate the cultivation of more inland open highlands. Give full play to the pilot demonstration effect of Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area and other regions, and build an open border cooperation portal for Northeast Asia, Central Asia, South Asia and Southeast Asia. Give the free trade pilot zone greater autonomy in reform. We will steadily push forward the construction of Hainan Free Trade Port, and establish the policy and institutional system of free trade port with China characteristics.

  Steadily promote multi-bilateral trade cooperation. We will implement the strategy of upgrading the free trade zone, do a good job in the implementation of the regional comprehensive economic partnership agreement after it takes effect, and promote the negotiation and signing of more high-standard free trade agreements and regional trade agreements. Promote the deepening of cooperation between China and neighboring countries and regions in agriculture, energy, service trade, high-tech and other fields. Promote the construction of a new channel for international land and sea trade. Optimize the fiscal and taxation policies to promote the development of foreign trade, and constantly improve the tariff system suited to China’s economic development level.

  Expand the import of important commodities and services. Broaden the import channels of high-quality consumer goods, advanced technologies, important equipment, key components and important energy resources. Support the import of technologies, equipment and spare parts needed for domestic industrial transformation and upgrading, and encourage the import of productive services such as R&D and design, energy conservation and environmental protection, and environmental services. Expand the import of high-quality commodities, pharmaceutical products and rehabilitation services closely related to people’s lives. Support the innovative development of border trade. We will continue to run China International Import Expo, China Import and Export Fair, China International Fair for Trade in Services and China International Consumer Goods Expositions, and promote the expansion of import scale, structural optimization and diversification of sources.

  Nine, solidly promote common prosperity and cultivate the development potential of domestic demand.

  Common prosperity is the essential requirement of socialism and an important feature of Chinese modernization. Adhere to the people-centered development idea, promote common prosperity in high-quality development, correctly handle the relationship between efficiency and fairness, improve the income distribution pattern, build basic institutional arrangements for the coordination of primary distribution, redistribution and tertiary distribution, increase the adjustment of taxation, social security and transfer payment, increase the proportion of middle-income groups, increase the income of low-income groups, rationally adjust high income, ban illegal income, promote social fairness and justice, and promote people’s all-round development.

  (twenty-eight) continue to optimize the initial distribution pattern.

  Improve the quality of employment and increase the labor income of workers. Continue to implement the employment priority strategy, adhere to the employment orientation of economic development, expand employment capacity, improve employment quality and promote full employment. Pay attention to alleviating structural employment contradictions, accelerate the improvement of workers’ skills and quality, develop modern vocational education, and improve the lifelong vocational skills training system. Accelerate the deep integration of the new generation of information technology and manufacturing industry, tap new industries, new formats and new models to drive employment potential, and create more jobs with higher quality and higher income. We will improve the employment public service system and the coordination mechanism of labor relations, and improve the employment support system for key groups. Accelerate the revitalization of rural industries, actively promote the employment of migrant workers, and increase the wage income of rural residents.

  Increase the proportion of labor remuneration in the initial distribution. Adhere to the basic synchronization of residents’ income growth and economic growth, and the improvement of labor remuneration and labor productivity, and increase the labor remuneration of workers, especially front-line workers. Improve the system of enterprise salary survey and information release, improve the mechanism of wage determination, reasonable growth and payment guarantee for workers, and improve the mechanism of minimum wage adjustment. Reform and improve the wage distribution system of public institutions and state-owned enterprises. Actively promote the collective wage negotiation system. Implement a gradual delay in the statutory retirement age.

  Improve the distribution mechanism of various production factors. We will build a mechanism for innovative elements such as knowledge, technology and data to participate in income distribution, strengthen the distribution policy oriented to increasing knowledge value, and give play to the role of wage incentive and guarantee. Improve the salary incentive policy for scientific and technological talents in state-owned enterprises. Improve the dividend system of joint-stock enterprises, especially listed companies. Improve the system of stock issuance and information disclosure, and promote the standardized and healthy development of the capital market. Innovate more financial products that meet the needs of family wealth management and increase the investment income of residents. Explore ways to increase the factor income of low-and middle-income groups through the use rights and income rights of land, capital and other factors.

  Expand the scale of middle-income groups. Through the construction of demonstration areas, we will explore effective ways to solidly promote common prosperity. We will promote the steady increase of income of graduates from institutions of higher learning and vocational colleges, skilled workers, migrant workers and other groups, cultivate high-quality farmers, improve the support policies for small and micro entrepreneurs, and support groups such as individual industrial and commercial households and flexible employees to get rich through hard work, so that more ordinary workers can enter middle-income groups through their own efforts. Improve the public service system and reasonably reduce the burden on middle-income groups.

  (twenty-nine) gradually improve the redistribution mechanism

  Increase the adjustment of fiscal and taxation system to income distribution. We will improve the direct tax system, improve the personal income tax system that combines comprehensiveness and classification, and strengthen tax regulation and supervision of high-income earners. We will improve the division of financial powers and expenditure responsibilities between the central and local governments, and promote the equalization of basic public services such as education, pension, medical care and housing security. Improve the transfer payment system, focusing on increasing the transfer payment to areas with relatively backward development level. We will increase capital investment in social and people’s livelihood areas in an orderly manner and optimize the structure of education expenditure.

  Improve the social security system. We will promote the full coverage of basic old-age insurance from the system to the legal population, and improve the participation of flexible employees in the social insurance system for employees. Develop enterprise annuities and occupational annuities, and standardize the development of the third pillar endowment insurance. Improve the basic medical insurance system, improve the medical insurance and assistance system for serious and serious diseases, and support the development of commercial health insurance. Realize the national overall planning of basic endowment insurance for enterprise employees, promote the provincial overall planning of basic medical insurance and unemployment insurance, and consolidate and improve the provincial overall planning of industrial injury insurance. Improve the adjustment mechanism of social security benefits. Improve the bottom function of the social assistance system. Improve the social welfare system to help the disabled and orphans. Improve the work system and security system for retired military personnel.

  (30) Pay attention to the role of the third distribution.

  Develop charity. Establish and improve the system and mechanism of charity development, and standardize the cultivation and development of charitable organizations. Improve the charity reward system, guide and support willing and capable enterprises and social groups to actively participate in charitable causes.

  Improve the voluntary service system. Develop social work service institutions and volunteer service organizations, expand the volunteer team, build more volunteer service platforms, and comprehensively improve the level of volunteer service. We will extensively carry out voluntary service and care actions. Explore the establishment of a civilized practice points bank, and incorporate volunteer service activities and civilized behavior into point management to promote the formation of a good social atmosphere for volunteer service.

  Ten, improve the ability of security, solid foundation for the development of domestic demand.

  We will make safe development run through all fields and the whole process of expanding domestic demand, focus on improving the supply guarantee capacity in the fields of grain, energy and strategic mineral resources, effectively maintain the stability of the supply chain of the industrial chain, continuously improve the ability to respond to unexpected emergencies, and provide strong security for the stable development of the domestic market.

  (31) Ensuring food security.

  Promote stable grain production and increase production. We will thoroughly implement the strategy of storing grain in the land and storing grain in technology, adhere to the strictest farmland protection system, strictly observe the red line of 1.8 billion mu of cultivated land, resolutely curb the "non-agricultural" of cultivated land and strictly control the "non-grain". Promote rational distribution, the main producing areas, the main selling areas and the production and marketing balance areas should ensure the area and output, increase the support of grain production policies, and ensure the absolute safety of rations and the basic self-sufficiency of grains. Implement the strategy of ensuring important agricultural products, realize the basic self-sufficiency of pigs and sufficient supply of other important agricultural and sideline products.

  Improve the system of grain production, purchase, storage and marketing. Implement the requirements of the same responsibility of the party and government for food security. Deepen the reform of the purchasing and storage system of important agricultural products such as grain, speed up the cultivation of multi-market buyers and sellers, scientifically determine the scale, structure and layout of grain reserves, and improve the management system and operation mechanism of grain reserves. Strengthen the construction of storage and logistics facilities for important agricultural products such as grain, cotton and sugar. Strengthen the construction of local reserve system and improve the agricultural product reserve system with clear hierarchy and efficient operation. We will further promote the high-quality grain project and accelerate the construction of a modern grain industry system. Continue to advocate grain saving and loss reduction.

  Strengthen seed safety. Establish and improve the modern seed industry system, strengthen the protection and utilization of germplasm resources and the construction of seed bank, improve the ability of resource protection, breeding innovation, variety testing and improved seed breeding, and implement major scientific and technological projects of agricultural biological breeding. On the premise of respecting science and strict supervision, the industrialized application of biological breeding will be promoted in an orderly manner.

  (thirty-two) to strengthen the security of energy resources.

  Enhance domestic production and supply capacity. Promote domestic oil and gas reserves and production, and strengthen land and sea oil and gas development. Promote stable shale gas production and increase shale oil development scale. Guide and encourage social capital to enter the field of oil and gas exploration and production. We will steadily promote coal-to-oil gas and plan to build a strategic base for coal-to-oil gas. In-depth implementation of the strategic action of prospecting breakthrough, investigation and potential evaluation of strategic mineral resources, active prospecting in deep and peripheral areas of existing mines, and extension of mine service life. Continue to promote the intelligent and green construction of mines.

  (thirty-three) to enhance the safety and security capabilities of the industrial chain supply chain.

  Promote the manufacturing industry to supplement the chain and strengthen the chain. Implement the industrial base reconstruction project, improve the industrial base support system, and strengthen the construction of industrial technology standard system. Consolidate and expand cooperation with neighboring countries’ industrial chain supply chains, and jointly safeguard the stable operation of international industrial chain supply chains. Implement the upgrading project of manufacturing supply chain and build the ecosystem of manufacturing supply chain. Focus on key raw materials, technologies and products in the supply chain of key industries to enhance the flexibility and reliability of the supply chain.

  Ensure the safe and stable operation of basic industries related to the national economy and people’s livelihood. Focus on ensuring the safe and stable operation of coal, electricity, oil and gas transportation, strengthen the stable supply of key instruments and equipment, key basic software, large-scale industrial software, industrial application software, industrial control system and important parts, and ensure the safe operation of core systems. Ensure the safety of the industrial chain of residents’ basic necessities, and realize that the basic life of the people is not greatly affected under extreme circumstances.

  (thirty-four) to promote emergency management capacity building.

  Enhance the emergency response capability of major emergencies. Strengthen the construction of emergency materials and equipment support system, strengthen emergency materials support in public health, disasters and accidents, and improve the five-level emergency materials reserve network at the central, provincial, municipal, county and township levels. We will build a national emergency material reserve, upgrade local emergency material reserves and rescue equipment warehouses, and tilt the central emergency material reserve to the central and western regions and disaster-prone areas. Optimize the regional layout of the production capacity of important emergency materials, implement the production capacity reserve project of emergency products, guide enterprises to actively fulfill their social responsibilities, establish necessary production capacity reserves, build regional emergency materials production guarantee bases, and improve the national emergency resource management platform. Improve the emergency decision-making support system and build an emergency technical equipment research and development laboratory. Accelerate the improvement of emergency logistics delivery and rapid response capabilities and improve the emergency broadcasting system.

  Strengthen the construction of emergency rescue forces. Improve the aviation emergency rescue system, and promote the research and development of new intelligent equipment, aviation fire-fighting aircraft, special rescue equipment and special engineering machinery and equipment. Strengthen the construction of comprehensive fire rescue teams, professional rescue teams and social rescue teams, and promote the modernization of rescue teams. Promote the construction of public fire control facilities in urban and rural areas, and promote the transformation of fire control systems in key places. Strengthen life protection in key areas such as dangerous chemicals, mines and road traffic, and improve the ability to prevent and control major risks in production safety.

  Promote the capacity building of disaster accident prevention and control. Support the construction of urban and rural disaster prevention infrastructure, and improve the backbone facilities such as flood control and drought relief, earthquake prevention and disaster reduction, wind and tide resistance, forest and grassland fire prevention and control, and earthquake and geological disaster prevention. Improve the ability of urban flood control and drainage, and gradually establish and improve the flood control and drainage system. Optimize the layout of disaster prevention, mitigation and relief facilities in national space, promote the safety and reinforcement of public infrastructure, and accelerate the construction of urban and rural emergency shelter system. Strengthen the ability to support disaster prevention, mitigation and relief, and scientific and technological informatization of production safety, and accelerate the construction of an integrated disaster monitoring and early warning system and emergency communication system. Develop catastrophe insurance.

  XI. Implementing safeguards

  (35) Strengthen the overall leadership of the Party.

  All localities and departments should thoroughly study and implement the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, strengthen the "four consciousnesses", strengthen the "four self-confidences" and achieve the "two safeguards", constantly improve their political judgment, political understanding and political execution, and constantly improve their political ability, strategic vision and professional level to grasp the new development stage, implement the new development concept and build a new development pattern, and do a good job in implementing major tasks and policies. Fully mobilize the enthusiasm, initiative and creativity of all parties concerned in implementing the strategy of expanding domestic demand, and provide strong organizational guarantee for realizing the main goals set in the planning outline.

  (36) Improve the organization and coordination mechanism.

  All relevant departments should strengthen inter-ministerial coordination in implementing the strategy of expanding domestic demand, give play to the role of overall coordination, and promote the implementation of various tasks of expanding domestic demand; Regularly prepare the implementation plan of the strategy of expanding domestic demand, and further refine the major tasks and major policies defined in the practical planning outline. Local governments at all levels should act positively according to local conditions, incorporate the strategy of expanding domestic demand into economic and social development plans, formulate local strategic policies and measures to expand domestic demand in light of actual conditions, compact local strategic responsibilities for expanding domestic demand, innovate the implementation methods of planning outlines, give full play to all aspects, and resolutely put an end to formalism and bureaucracy.

  (37) Strengthen policy coordination.

  Improve macroeconomic governance, constantly innovate and improve macroeconomic regulation and control, and strengthen the overall support of macroeconomic policies for the implementation of the strategy of expanding domestic demand. Give full play to the guiding role of the planning outline, strengthen the coordination of fiscal, monetary, employment, industry, investment, consumption, environmental protection and regional policies, and promote the formation of policy synergy to expand domestic demand. Closely track and analyze the implementation of policies and changes in domestic demand situation, strengthen the expansion of domestic demand policy research reserves, improve policy formulation and implementation mechanisms, strengthen policy effectiveness evaluation, and ensure the smooth realization of strategic objectives.

  (thirty-eight) to increase publicity and guidance.

  All relevant departments in various regions should strengthen the publicity and guidance of the strategy of expanding domestic demand, comprehensively use various media, and deeply interpret the new measures and requirements of the strategy of expanding domestic demand in a form that is popular with the public, so as to further create a strong social atmosphere. Summarize the effectiveness of the implementation of the planning outline in time, fully tap the successful cases of expanding domestic demand in various regions and different industries and enterprises, and timely summarize and popularize good experiences and practices through various forms.

New breakthroughs have been made in archaeology of Liangzhu ancient city and water conservancy system site.

  Unearthed artifacts from Sidun site

  Corona found in Liangzhu ancient city site

  Yesterday, National Cultural Heritage Administration held a working meeting on the important progress of the "Archaeological China" project, and reported the latest progress of four archaeological studies, namely Liangzhu Ancient City and Water Conservancy System Site in Hangzhou, Zhejiang, Sidun Site in Changzhou, Jiangsu, Chenghe Site in Shayang, Hubei, and the origin and spread of Austronesian languages. These archaeological projects showed the origin of civilization in the middle and lower reaches of the Yangtze River and the southeast coastal areas.

  Liangzhu Ancient City and Water Conservancy System Site

  Reflect the concept of settlement management and urban construction

  Liangzhu Ancient City Site, located in Yuhang District, Hangzhou City, Zhejiang Province. Supported by the "Archaeological China" major project, Zhejiang Institute of Cultural Relics and Archaeology has continuously carried out "settlement archaeology in the core area of Liangzhu site" and "research on peripheral water system", and made new breakthroughs in recent years.

  Among them, the discovery of Liangzhu ancient city and the ruins of water conservancy system, the initial clearance of Liangzhu ruins group, experienced three development stages: using piedmont landform to build scattered settlements, planning to build water conservancy system, Mojiao Mountain and anti-mountain, and then building Liangzhu ancient city with city walls and foreign countries, which reflected the gradual evolution of Liangzhu population settlement management and urban construction concept and belief system, and showed the important significance of Liangzhu culture in the origin of Chinese civilization.

  si dun site

  Reflect the complicated process of prehistoric society in Taihu Lake

  Sidun Ruins, located in Tianning District, Changzhou City, Jiangsu Province, is a Neolithic site, which was founded in 1949. The central settlement site with Liangzhu cultural remains as the main body dates from about 5500 to 4500 years ago. The site is centered on an oval mound, surrounded by more than ten small terraces, and surrounded by double water systems, with a total area of about 1.5 million square meters.

  With the support of the "Archaeological China" major project, since 2019, Nanjing Museum has continued to carry out the archaeological work of Sidun site and achieved important results.

  The remains of Songze culture in Sidun site, covering an area of about 15,000 square meters, have been found in burial areas, dry-fence buildings, wells and other remains. Among them, there are 40 tombs, and the tombs in the north are of high grade. There are about 30 funerary objects, and jade articles such as Huang have been unearthed. Six lacquered pottery pots were unearthed in the water well in Dundongtai, and the pottery pot with the woven pattern of capuchin bird painted in red, yellow and black was the most exquisite.

  Sidun site shows the change of settlement layout from the late Songze culture to Liangzhu culture, which vividly reflects the complicated process of prehistoric society in Taihu Lake area.

  Chenghe site

  Show the management of water resources in Neolithic age

  Chenghe Site, located in Hougang Town, Shayang County, Hubei Province, with an area of about 700,000 square meters, is the Qujialing — An important city site of Shijiahe culture, about 5100 to 4500 years ago. With the support of the "Archaeological China" major project, the Institute of Archaeology of China Academy of Social Sciences and other units jointly carried out systematic archaeology in the northern, western and Wangjiabang sites of Chenghe site, and achieved important results.

  In Poyang Lake and Dengguantai, outside the ruins of Chenghe River, the remains of a dam artificially built during the Qujialing cultural period were discovered. It was preliminarily proved that the remains span the tributary valley of Chenghe River, with a length of 260 meters from north to south and a width of 39 meters at the west, which may be used to intercept the water resources of Chenghe branch and form a water storage area. Water resources can enter the city with the help of artificial ditches to realize water supply in dry season and drainage in flood season. Chenghe site reflects the Qujialing cultural crowd’s water resources management mode of regulating and controlling the water use of the ancient city by building a series of water conservancy facilities, and shows the cognition and transformation of the Neolithic ancients in the middle reaches of the Yangtze River to nature.

  Wangjiabang cemetery in the northern part of the city is the largest and most well-preserved Qujialing cultural cemetery discovered so far. Archaeological work shows that the ancients leveled the land, built the cemetery and held ritual activities, and finally the southern part of the cemetery gradually evolved into a production and living place. At the same time, various forms of single-coffin tombs, large tombs with "one coffin for exclusive use", small tombs with complete coffins, and small burial tombs were revealed. Various types of tombs in Wangjiabang Cemetery reflect the complexity and social differentiation of Qujialing cultural community structure and provide new evidence for exploring the Neolithic civilization process in the middle reaches of the Yangtze River.

  Research project on the origin and spread of Austronesian language family

  Focus on prehistoric culture in southeast coastal areas

  In 2021, the study on the origin and diffusion of Austronesian languages was included in the major project of "Archaeology China". The Institute of Archaeology of Chinese Academy of Social Sciences, the Institute of Archaeology of Fujian Province, the Institute of Cultural Relics and Archaeology of Zhejiang Province and other units cooperated to actively explore the clues of the origin of Austronesian languages with the research on the development of prehistoric culture in the southeast coastal areas of China as the core, and made important progress at present.

  The southeast coast is a key area to explore the origin and spread of Austronesian language families. After the start of the project, the Jingtoushan site in Zhejiang Province, Xiying, Keqiutou, Donghuaqiu and Guishan sites in Pingtan Island in Fujian Province, Wanchaitou and Neijiao sites in Hainan Province have been systematically excavated, and the space-time framework and social structure of the southeast coastal and island areas about 8,300 to 3,000 years ago have been initially constructed.

  The Jingtoushan site, dating from about 8300 to 7800 years ago, is the earliest discovered coastal shell mound in China, with rich relics such as mud clams, conchs, oysters, marine fish spines and so on, which provides direct evidence for the ancients to develop marine resources.

  Xiying site, dating from 7300 to 6500 years ago, is a small settlement. The analysis of human bones shows that the ethnic groups living here have close genetic relationship with the ethnic groups in southern China and Southeast Asia.

  Keqiutou Site is a medium-sized settlement, dating from about 6,500 to 5,000 years ago. The functional divisions of residential area, food processing area, handicraft area and garbage dumping area in the site are clear, and the cultural features show that there are cultural connections between the two sides of the Taiwan Province Strait.

  At Xiying site and Keqiutou site, the earliest rice remains in the southeast coastal islands of China were also found.

  Donghuaqiu site and Guishan site are about 4000-3200 years ago, with high settlement level and large scale, and reasonable layout of ceremony area, public activity area and living area, which shows the organizational form and survival mode of coastal prehistoric population society at this stage.

  The above research has deepened the understanding of the prehistoric people’s utilization of marine resources in the southeast coastal areas of China and the diffusion process of prehistoric agricultural culture to southeast Asian islands, and provided important clues for exploring the origin and diffusion of Austronesian languages.

  Text/reporter Cui Yifei

  Photo courtesy/National Cultural Heritage Administration

Hunan Xinhua fraud insurance case tracking! CCTV reporters exclusively visited the parties to the incident.

       CCTV News:The husband cheated insurance and cheated death, which led to his wife’s death with a pair of children. This reality is always beyond imagination, but it really happened around us. On September 18 this year, He Mou, who opened a car in Xinhua, Hunan Province, suddenly disappeared. After 22 days of searching for her husband, he Mou’s wife Xiao Dai left a farewell letter and also wanted to follow her husband. However, the tragedy didn’t end here. Just when people were sorry for this family of four, He Mou, the driver of the network car, suddenly appeared. When the truth was announced, people could not help sighing. The rule of law online reporter recently came to Xinhua, Hunan, and made an exclusive visit to this incident.

       At 11: 53 on October 10, 2018, in Tanjia Village, Langtang Town, Xinhua, Hunan Province, a young mother, with two children, hurried through this small road at the entrance of the village. Twenty minutes later, a villager saw three mothers and children wandering around this pond at the junction of Tanjia Village and Dalong Village.

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       Witness: "I came out from there, I met her, and her expression was very strange. Later, I sold ducks and came back. When I came back, I saw her again, and she looked very strange." The strange expression in this villager’s eyes is Xiao Dai, the wife of He Mou, the driver of the online car. Since her husband disappeared, she has been searching hard with her two children, but there is no news. Xiao Dai sent a long suicide note in a circle of friends, saying that she would "follow the loved one to leave". When her friends saw this message, they could no longer contact her.

       After some searching, everyone just found a handbag by the pond where the mother and son finally appeared. At this time, no one wants to guess at the worst. A mother with two children should not do anything drastic. Soon, the local online media published an article looking for Xiao Dai and two children.

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       Suspect He Mou: "I saw that it should be around 3 pm at that time. I saw that Xinhua Focus released the one with my wife (lost). I knew I might have done something wrong."

       Reporter: "Did you see the last letter?"

       He Mou: "I didn’t see the last letter, but I saw one here. She put that child with a bag on her shoulder, which was specially used to put children’s medicine, as well as paper towels and diapers, because that bag has been used for a long time. I know, I bought that bag."

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Criminal suspect He Mou

       [The husband faked his disappearance and cut off contact with the outside world]

       When he saw this news about missing people, He was on his way to his hometown in Hunan. During the more than 20 days of fake disappearance, He cut off all previous contact with the outside world, so he couldn’t see the circle of friends that his wife had just sent. Until now, he still felt that his wife was just hiding somewhere to get angry with himself.

       Although he had a similar experience before, this time He was not so sure. In order to disguise his disappearance more realistically, 22 days ago, he rented a car from the leasing company and drove it from a cliff in Zijiang to the river in the dark.

       After driving the rented car to Zijiang, He Mou fled to Guizhou in the car he bought two years ago. In 2016, in order to buy this car and rent it, He borrowed a sum of money through online loans for the first time. According to He’s memory, he borrowed 40,000 yuan or 50,000 yuan online for the first time, and at first he thought he could turn it around. But slowly he found that this is a bottomless pit that is difficult to fill.

       Suspect He Mou: "You may not find the interest when you first started to borrow, that is, you can still turn around at first, but after you roll for one year, don’t say the principal, maybe you can’t repay the interest."

       In order to repay the loan of one family, He borrowed from another family, thus robbing Peter to pay Paul, with higher and higher loans and more and more debts. Until September this year, He decided to take risks. According to the police, On September 7th, He bought a personal accident insurance with a coverage of 1 million yuan in China Ping An Insurance for 1699 yuan, and the beneficiaries were He and Dai.

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       He thought he had a very thorough plan, but he didn’t consider what kind of blow he would bring to his wife. Since her husband disappeared, Xiao Dai has searched all her friends and called the police, but there is no news. On September 21, she also called her husband to go home quickly in a circle of friends so that the family could reunite for the Mid-Autumn Festival.

       On September 22, Xiao Dai received a courier from Guizhou, which contained an insurance policy. The applicant was her husband and the beneficiary was husband and wife. At that time, I was looking for my husband’s little Dai, and I didn’t take this policy to heart. On September 25, the police received an alarm from a car rental company, and this alarm was also related to the missing He.

       Xiao Zhiping, instructor of the Criminal Investigation Brigade of Xinhua County Public Security Bureau, Hunan Province: "On September 25th, the staff who obtained evidence first got an alarm from our Meiyuan police station. It is said that their taxi company rented a car to He, but this He lost contact and could not find the car. Then we will link these two police situations and merge them to conduct investigations. "

       Why does He want to rent a car when he has his own car? And why can’t I find this rented car? Although the police have doubts, they must find more conclusive evidence. On the afternoon of September 30, the news came that someone reported that a car that had fallen into the river was found in the Xiaoyang Zijiang section of Caojia Town.

       Xiao Zhiping, instructor of the Criminal Investigation Brigade of Xinhua County Public Security Bureau, Hunan Province: "I found that the front windshield of the vehicle was broken, and the other doors were closed. But our most important point is that we didn’t find that the car was alive. "

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       The car door was closed, but He was not in the car, and He was not found in the nearby waters. Where is He, life or death? Everything is still inconclusive, but Xiao Dai’s mood has collapsed at that time. At the scene of the accident salvage, Xiao Dai was heartbroken at the uncertainty of her husband’s life and death, but never thought that her husband was actually safe and sound at the moment, hiding in the parking lot of a hospital in Kaili, Guizhou, paying attention to the news that happened in his hometown.

       Suspect He Mou: "Because I saw it when he salvaged the car, but I was so scared at that time, but I think the car should be salvaged and no one found it. I guess it should be okay."

       [What’s the hidden story behind the absurd scam]

       In order to cheat insurance and avoid debts, He Mou wrote and directed such a scam, and behind this seemingly absurd plan, there are many problems encountered by He Mou’s family. After He arrived at the case, according to the police investigation, his arrears and interest totaled 400,000 to 500,000 yuan. By the time he arrived at the case, there were still 170,000 to 80,000 debts outstanding.

       Xiao Zhiping, instructor of the Criminal Investigation Brigade of Xinhua County Public Security Bureau, Hunan Province: "He has no specific figures of his own. He only talked about more than 100,000 yuan, how many times he borrowed, and how many loans he found from this company. He can’t remember clearly."

       In October 2017, his wife, Xiao Dai, received a land acquisition fee from her hometown, totaling more than 200,000 yuan. However, the money was turned over to He Mou to fill in the pit of online loans.

       The two also got a divorce certificate because of the debt problem, and remarried after half a year. However, the extremely vulnerable families, who are already suffering from debt, have also suffered a more fatal blow. In June 2017, their little daughter was diagnosed with severe epilepsy. According to He, her daughter spent a total of more than 100,000 yuan on medical treatment, and took part of the expenses through online crowdfunding and medical expenses reimbursement, which reduced the burden of seeing a doctor a lot, but it still could not offset those online loans before He.

       Even so, the couple never mentioned the difficulties they encountered with their families, and the news about their daughter’s illness and crowdfunding also blocked their families. Every time I go back to my hometown, I look like love and happiness. Therefore, the family does not know that this seemingly happy family has already been swallowed up by various problems such as online loans and daughter’s illness.

one

       Unfortunately, the appearance of happiness did not last long. Due to the inability to repay the loan, the loan platform called the debt collection phone to He’s parents’ home. It is only a drop in the bucket for He’s parents to help him borrow money several times. The heavy debt, plus the illness that his daughter will have at any time and the cost of follow-up treatment, He decided to take risks and fake his death to cheat insurance.

       Suspect He Mou: "As long as I make a fake death, they may give up tracking my debt. I just thought that the wind was a little bit, and I didn’t think it would take so long at first. "

       According to the contents of Xiao Dai’s letter, after He’s disappearance, all kinds of criticisms from her husband’s family made her unbearable. The trauma of losing her parents when she was young, her daughter’s illness, her outstanding debts, her missing husband and the accusations of her husband’s family are pushing Xiao Dai to the abyss step by step. At this time, He had no idea of the difficulties faced by his wife. According to his plan, he would quietly return to Hunan to pick up his wife and children and live in other places after the situation subsided.

       In the early morning of October 11th, He rushed back to his hometown, found no trace of his wife and children near the pond, and dared not step into the house. "I went to look for it at the place where she had an accident. At that time, I also sneaked home, but I didn’t enter the house. At that time, I looked at the light, but there was no sound. After 2 or 300 meters, I thought my wife was just angry."

       [The bad news came that mother and son passed away]

       He Mou, who was guilty and hopeful, stayed at home until dawn the next day. On October 11th, the police continued to search for Xiao Dai’s missing pond. At ten o’clock in the morning, the police found three mothers and children in the pond, but unfortunately all three had passed away.

       When the bad news came, He Mou regretted it. Just coming back so late led to a life tragedy in which his wife and children passed away. Perhaps it was not only the time to return, but he had already planted the seeds of this tragedy from the beginning when he had the idea of committing crimes.

       On October 12, He Mou surrendered himself to the public security organ. At present, he is criminally detained on suspicion of vandalism and insurance fraud. The case is under further investigation.

       [Extreme ways to deal with difficulties are not desirable! 】

       Many misfortunes encountered by this family deserve our sympathy, but it is not advisable for He Mou and Xiao Dai to deal with the difficulties in life in this extreme form. Imagine, if Xiao Dai could communicate with his family more after her husband disappeared, so that his family could understand more, maybe he wouldn’t make the last choice. In the final analysis, if He had not used the method of robbing Peter to pay Paul at the earliest, he would have fallen deeper and deeper in the whirlpool of online loans, and he would not have reached such a situation today.

       Zhu Wei, deputy director of the Communication Law Research Center of China University of Political Science and Law, said: "This kind of drinking poison to quench thirst is unnecessary. There are actually many other resources that can be used offline. When it comes to emergencies, students at school can talk to their parents, and people around them have good friends who can help you. Moreover, there are so many social channels, which can be considered completely."

       Experts pointed out that even if there is no tragedy of his wife and children drowning, this insurance fraud plan planned by He will not be easily realized, but will only make him fall into a deeper whirlpool.

       Zhu Wei, deputy director of Communication Law Research Center of China University of Political Science and Law, said: "He used a very extreme means and an illegal act to defraud insurance money. Even if this matter, if according to his idea, his wife and children will have no problem, but can you really get insurance money in the end? No, because he didn’t find the last body, the body with quotation marks, and he had to go through a related process of declaring missing or even dying. This process will also take several years and require complicated legal procedures. Have you ever thought, even if it is really successful, what if this person appears again, won’t this incident happen when it comes to the public? Don’t just for this one million, hiding from the urgent need, and the children’s wives will never meet again? Then have you thought about what to do with your family in the future? "

       The police who detected the case pointed out that He did not take up legal weapons to protect himself when he encountered difficulties, and did not correct his mistake in time. Instead, he tried to make up for this mistake with another mistake, even at the expense of breaking the bottom line of the law, and eventually not only destroyed the individual but also the whole family.

       Wu Dayong, executive deputy director of Xinhua County Public Security Bureau of Hunan Province, said: "He Mou gave us more warning and enlightenment. In fact, in our life and work, when we encounter different difficulties and setbacks, we will face them positively and correctly and take some legal measures to solve them. Otherwise, it will bring infinite pain to the family and myself. "

       On the other hand, the unfortunate experience of Xiao Dai and the whole family, experts pointed out that in the process of urbanization, more and more rural families choose to live in the city like Xiao Dai and He Mou, and the forms of work and parenting are changing. The traditional model has been broken, but the new model has not been fully established. In this change, the living environment of women and the construction of families in the process of urbanization need special attention.

       Liu Zhengkui, a researcher at the Institute of Psychology, Chinese Academy of Sciences: "We should pay attention to the construction of such a family in the process of urbanization, so our society should have such a security system. For example, when the family encounters a crisis, there is a place to go to someone to guide someone to deal with it, including security, and go to the household to deal with it."

       From the internal point of view, how to deal with the crisis with a positive attitude instead of choosing to escape, commit suicide or even deprive others of their lives? Experts point out that when the difficulties in life cannot be dealt with, we should learn to rely on our families, have full communication and understanding among family members, and learn to seek help from the outside world.

       Liu Zhengkui, a researcher at the Institute of Psychology, Chinese Academy of Sciences, said: "Help is at two levels. Some families encounter some crises, and others may not really give you much help, but you can tell others, discuss with others, and one of the benefits of discussing together is that you can release some of your own emotions moderately. Then the second point of help is more important. In other words, there are so many organizations in our country, and there are many channels for the government to alleviate or solve this.

Intelligent manufacturing remoulds traditional manufacturing industry "veteran recruits" witness the iterative upgrade of glass manufacturing

CCTV News:We walked into an automobile glass production enterprise in Fujian together, and met a veteran who has been in business for 30 years and a recruit who just switched jobs this year.In their eyes, what new changes have intelligent manufacturing brought to traditional manufacturing?

In the production workshop of the world’s largest automobile glass manufacturer, pieces of glass slide out one after another along the production line, and the left and right rows of robotic arms effortlessly grab the glass from the line and accurately stack it aside.

Zheng Mingsheng, who has worked in the glass manufacturing industry for more than 30 years, witnessed the process of less and less manual labor on the production line. Nowadays, this production line runs automatically 24 hours a day, with a daily output of 600 tons of original glass sheets. The huge workshop is empty and does not need a manual worker. Moreover, the intelligent manufacturing system can also complete quality inspection, cutting and other work by itself.

After the deployment of intelligent production equipment and platform, the production efficiency of the production line increased by 30% and the defective rate decreased by 30%. Now Zheng Mingsheng just needs to sit in the office, and he can have an overview of the overall production data through the industrial Internet platform. And next to Zheng Mingsheng’s office, there is a darkroom laboratory, where engineer Chen Zhixing is conducting a research and development test of automobile glass. They want to test a new function of glass.

In fact, Chen Zhixing is a recruit who has joined the glass industry for less than a year. It was the brand-new concept of glass antenna that made him decide to switch from electronic communication industry to glass manufacturing. While bringing new technology, it also makes more use of intelligent manufacturing tools such as experiments and simulation systems, which improves the design ability and efficiency of glass. It is estimated that by the end of this year, the new models of many well-known car companies will be equipped with this new glass product.

Xpeng Motors word-of-mouth collapse: apology compensation, the owner still insists on returning the car and refunding the money.

A large number of Xpeng Motors car owners have collectively defended their rights in many Xpeng Motors city service centers in Guangzhou, Beijing and other places, demanding to return their cars and refund their money. Obviously, car owners did not buy He Xiaopeng’s apology and compensation.

The Beijing News (Reporter Mo Wei) At present, due to the more favorable price and longer cruising range of the new model of Xpeng Motors G3, the rights protection event that caused the dissatisfaction of old customers is fermenting. Although He Xiaopeng, the chairman of Xpeng Motors, apologized through Weibo and promised relevant compensation to the owners of the old G3, it did not calm the grievances of the owners.

In the eyes of old customers in Xpeng Motors, on the one hand, Xpeng Motors cheated customers when selling new cars; On the other hand, the solution was perfunctory and didn’t really think about the customer, and the incident intensified, resulting in the collapse of Xpeng Motors’s reputation.

Xpeng Motors’s new listing is controversial

On July 10th, 2020 Tucki G3 model went on the market. Due to the more favorable price compared with the old model and the longer battery life of the new model, some old owners of Tucki G3 expressed dissatisfaction. For this problem, on July 12th, He Xiaopeng, Chairman of Xpeng Motors, responded by personal Weibo, apologizing to all the old G3 owners, and offering extra compensation of 10,000 yuan for the old G3 owners to buy any model in Tucki within three years.

But this did not calm the grievances of the owners. On July 13th, a large number of car owners went to defend their rights outside many Xpeng Motors city service centers in Guangzhou, Beijing and other places, demanding a refund.

As for the reason for the fermentation of this incident, an old G3 car owner in Tucki said that it took more than half a year from booking a car at the beginning of the year to picking up the car. As a result, a new model was actually released in less than one month after picking up the car. "We are all" hardcore "fans in Xpeng Motors, and now we have been mercilessly abandoned, and the official response has not given us a reasonable solution and has not solved the problem at all. How can we be content?"

The old car owner also said that new users who are going to buy the 2020 Tucki G3 also need to think about it. "Today for our old users may be your tomorrow.".

Then, why are the old car owners so angry about He Xiaopeng’s apology that they don’t accept its solution?

According to the Beijing News reporter, the 2020 Tucki G3 new car was officially launched on July 10th, with a subsidized price of 143,800-196,800 yuan and a comprehensive cruising range of up to 520km. Compared with the 2019 models that have been on the market for less than one year, the car’s comprehensive cruising range is only 365km at the highest, and the difference between the cruising ranges is more than 40%. And in terms of selling price, the subsidized price of the 2019 model is 155,800-199,800 yuan. Taking the lowest configuration as an example, the price difference between them is 12,000 yuan. Such a big price difference in less than a year has caused dissatisfaction among the owners of the 2019 G3.

In the eyes of old customers, on the one hand, Xpeng Motors cheated customers when selling new cars, on the other hand, the solution was perfunctory and didn’t really think about customers.

Solution Old car owners don’t buy it.

Although He Xiaopeng explained the price misunderstanding in an open letter, saying that the actual payment price of the car owners with the same configuration is not the same, the actual payment price of the 2019 G3 is still more than 20,000 yuan more than that of the 2020 G3 through the doubling of the previous large deposit and the subsequent cash discount and overcharge discount offered by the government.

At the same time, He Xiaopeng announced that the owners of G3 in 2019 will enjoy an additional exclusive subsidy of 10,000 yuan on the basis of all the promotion policies and interests of the new car to be purchased within three years from now. As an apology and compensation for this dispute.

But for old car owners, especially those who have just picked up a car or booked a car, such a scheme is not satisfactory.

A user who just picked up the car revealed in an interview with the media: "The car was booked on July 9, and the new model was released on July 10, which cost 2,000 yuan, 170 kilometers more battery life, upgraded brakes, power assistance and so on. Who feels better? Obviously deceived. " He also said that upgrading is normal, but it is wrong to conceal upgrading and sell the old models to customers.

Some users also said that Tucki sales claimed that it would soon subsidize the price increase, and urged users to place an order to buy the old models, but never mentioned the new models. As a result, the new models were launched soon after the car was picked up. In the eyes of users, this operation has largely deceived consumers. "If the car hasn’t been mentioned, it will become an old model." A Tucki G3 prospective car owner is so self-mocking.

In addition, a car owner from Shenzhen said in an interview with the media, "The deposit was made on June 25, and now the car has not been mentioned. Sales means that the deposit cannot be converted into a new model deposit, and the deposit can only be converted into a 10,000-yuan boutique coupon in Xpeng Motors APP Mall to buy car models and auto parts." There are not a few consumers who haven’t picked up their cars like this and can’t replace the new models.

As for the rights and interests of He Xiaopeng’s subsidy of 10,000 yuan for car replacement, the owner did not buy it. "If you pick up the car, you will be replaced. The new car will become an old one, deceiving consumers, and you want us to buy Tucki’s car again?" A car owner said bluntly.

Some experts in the industry said that it is understandable that the product changes quickly. If the new car listing is deliberately concealed, it will really poke the pain point of the owner, and this behavior will inevitably lead to the suspicion of clearing the inventory. On the whole, combined with the actual situation of many car owners, Xpeng Motors did have some shortcomings in handling this matter.

Is the embarrassing period of the new forces of building cars coming?

As a member of the new car-making forces, Xpeng Motors has always been at the forefront of public opinion. From the outside world, in the five years since Xpeng Motors’s development, its development has been relatively smooth, and it is also one of the first batch of new forces to realize delivery earlier. According to the official sales data released by Xpeng Motors in May this year, the company sold 2,704 new cars in May, up 22.9% from the previous month. According to the incomplete statistics of Beijing News reporter, since the delivery in June last year, Xpeng Motors has delivered 10,000 vehicles so far.

In terms of financing, Xpeng Motors has so far raised 14 billion yuan, including Ali and Foxconn. Many senior executives in Xpeng Motors have also said that they will accumulate 30 billion yuan of financing before the end of 2019. On March 27th this year, He Xiaopeng revealed that Xpeng Motors is seeking to raise at least $500 million and may try to list on the US IPO.

Although several new car-making forces, including Xpeng Motors, still have the support of capital, in this heavy asset industry of automobiles, both product research and development, manufacturing and channel construction cost huge amounts of money. This problem can be seen from the financial report of the listed company Weilai. According to the financial report of Weilai Automobile in the first quarter of 2019, the net loss of Weilai Automobile in the first quarter exceeded 2.6 billion yuan, and the accumulated loss in 2016-2018 has exceeded 20 billion yuan.

After the delivery is realized, the present and imminent problems in capital may be the second, but how to maintain customers in the later period is the key problem faced by enterprises such as Tucki.

Both He Xiaopeng himself and a large number of old car owners call users in Xpeng Motors "Pengyou", which shows the feelings of car owners when they buy cars. But now, the first group of supporters held high the slogans of "return the car" and "whoever buys it will regret it" and went to Xpeng Motors to return the car, resulting in the collapse of their word of mouth.

The industry believes that in the past, everyone used to define the delivery of the first mass-produced car as the first threshold for building a new force. But now, after the delivery, Xpeng Motors presents another bottleneck: customer retention. Previously, Weilai Automobile recalled the first person because of the battery problem, which consumed a wave of users’ patience. Now Xpeng Motors once again puts the customer relationship on the table.

In fact, whether it is a new car-making force or a traditional enterprise, customer maintenance is a topic that can’t be avoided for its long-term development. However, as a new car-making force, the "newcomer" has obviously just experienced and felt the importance of this issue. An industry insider told the Beijing News reporter that the enterprises with new forces to build cars have attracted people’s attention. In addition, many enterprises with new forces held high their feelings and talked about the consideration of consumers during propaganda, which made the outside world expect more from the new forces to build cars. However, many bad actual situations make consumers feel a great psychological gap, and even feel disappointed with the enterprises that build new forces.

Beijing News reporter Mo Wei Picture Weibo Screenshot Editor Li Wendi Proofread Wu Xingfa

Google releases Gemini big model AI mobile phone AI PC priority landing lead puzzle card making cooling hardware continues to benefit.

On December 6th, US time, Google CEO Sandahl Pichai officially announced that Gemini version 1.0 was officially launched. The released Gemini big model is a native multi-modal big model, which is the first step in the new era of Google big model. It includes three orders of magnitude: the most powerful Gemini Ultra, the Gemini Pro suitable for multi-task and the Gemini Nano suitable for specific tasks and end-sides. Now, Bard, Google’s ChatGPT-like application, has been upgraded to the Gemini Pro version, achieving more advanced reasoning, planning, understanding and other capabilities, while continuing to remain free. Google is expected to launch "Bard Advanced" early next year, which will use Gemini Ultra.

It is worth mentioning that among the 32 performance test standards, 30 of Gemini’s scores exceed GPT-4, but most of them have a small gap. In terms of flexibility, Google has introduced more options for model applications. For example, Gemini Nano, as the lightest model, is suitable for mobile devices with limited memory space. The model will be built into Google mobile phone Pixel 8 Pro for the first time in December, which supports two functions: automatic recording summarization and intelligent keyboard reply. In the future, it is expected that more functions will be put offline on Android phones.

On December 7th, the first AIPC Industry Innovation Forum was held in Beijing Lenovo Headquarters. Wang Chuandong, vice president of Lenovo Group, said that the existing form of the big model in the future should be "the framework system of mixed AI". As a terminal carrying a large model, it needs to meet four characteristics: having a strong local knowledge base and computing power, supporting natural language interaction, supporting mixed AI computing power, and being able to have a personal model. To be able to meet these characteristics at the same time, Lenovo continues to bet on AI PC.

In terms of industry, CITIC Securities believes that PC is expected to become one of the intelligent hardware with priority at the edge, considering factors such as computing power consumption, hardware volume, application scenarios and battery power consumption. Considering the continuous iteration of the algorithm level, the relatively low difficulty of the transformation of the hardware stack of AI PC, and the enthusiasm of the whole machine manufacturer for new product innovation, the penetration rate of AI PC is expected to continue to increase in the next 12-18 months, and it may exceed double digits under optimistic circumstances. Pay attention to the industrial investment opportunities of the whole machine, processor, DRAM and advanced process. At the same time, Huachuang Securities pointed out that low latency+privacy protection drives the localization demand of large models, and the hardware end and content end continue to innovate. AI PC has marginal computing power and is expected to solve the pain points in the industry and become the first AI terminal to be launched in large quantities. A number of head PC manufacturers are also conducting AI PC-related research and development and cooperation, and 2024 is expected to usher in the first year of AI PC scale shipment. AI PC can realize some AI applications on PC client, which is expected to stimulate a large number of PC replacement needs, or can drive the PC industry into a new round of rising cycle. In the industry, it is recommended to pay attention to related companies that benefit from AI hardware manufacturing, and related companies that benefit from AIPC innovation acceleration in the industry, such as Lingyizhi (002600).

It can be seen that the AI PC or AI-compatible PC terminals to be launched by major manufacturers next year will pay more and more attention to the heat dissipation function. Minsheng Electronics said in the research report "Investment Thinking of AI PC: Lightweight of Thermal Shielding" that heat dissipation is the guarantee for the performance release of AI PC. The heat dissipation performance directly determines the stability and reliability of PC performance. According to Sihan Industrial Research Institute, among the main failure modes of electronic equipment, 55% are caused by high temperature, and the failure rate of electronic components increases exponentially with the increase of working temperature. For every 10℃ increase in temperature, the reliability of the system decreases by 50%, so the heat dissipation ability of PC becomes one of the key factors affecting the overall performance.

It is understood that Lingyizhi provides customers with a variety of heat sinks, such as VC vapor chamber, graphite film heat sinks, heat pipe welding modules, copper fiber heat pipes and other products, and is the core supplier of such products. And after years of layout, in addition to the research and development and production of traditional heat dissipation components and modules, the company also provides customers with a full range of customized thermal management product solutions, providing one-stop service for design, testing and production.

Lingyizhi Manufacturing Co., Ltd. is committed to becoming the leader of the global intelligent manufacturing industry chain platform. By continuously improving its research and development capabilities and deploying vertical integration of industries, it has formed a new development advantage of combining upstream materials, midstream precision functional parts and structural parts with downstream modules and chargers, and provided customers with one-stop intelligent manufacturing services and solutions on a global scale. The market share and shipments of the company’s precision functional parts have been in the leading position in the global consumer electronics market for many years, and set industry standards in quality, technology and other aspects, and further penetrated into emerging markets such as new energy vehicles, photovoltaics and energy storage, and at the same time committed to building an AI hardware manufacturing platform.

In terms of business, the company actively stuck in the artificial intelligence hardware track, and XR, robot and other businesses set sail. The company provides soft functional parts, injection molded parts, cooling solutions, chargers and other core components for global XR customers. Recently, according to the interactive platform of Shenzhen Stock Exchange, the company continues to lay out the business of precision functional components and modules. At present, it only provides related components such as chargers for Humane’s first screenless wearable device AI Pin. AI Pin is not only a technical and hardware innovation, but also marks a potential turning point in the paradigm of human-computer interaction. In addition, the company continues to pay attention to the innovation and upgrading of frontier technologies related to robots, and actively explores their specific applications and collaboration in their own business fields. The company also applies the research and development of artificial intelligence and robots to the overall industrial solution of automatic production, and is committed to building an intelligent production workshop with internationally advanced technology and equipment level and leading domestic level, combining various and multifunctional numerical control and automation equipment independently developed, and creating an efficient modern smart factory.

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Original text transferred from: Xianning News Network
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