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What areas should we focus on to effectively prevent and resolve financial risks？ Interpretation of the Authority of China People’s Bank

What areas have you been focusing on in recent years to effectively prevent and resolve financial risks? The People’s Bank of China published a column on November 13th for a special interpretation.

The column pointed out that the People’s Bank of China, closely focusing on the three tasks of serving the real economy, preventing and controlling financial risks, and deepening financial reform, resolutely fought a tough battle to prevent and resolve major financial risks in accordance with the basic principles of "overall stability, overall coordination, classified policies, and accurate bomb disposal", improved the working system and mechanism of financial stability, and disposed and resolved a number of outstanding risk points with great influence, urgency and overall situation in an orderly manner, effectively safeguarding the overall situation of national economic and financial security and financial stability.

Properly handle high-risk groups and high-risk financial institutions.

The column pointed out that the People’s Bank of China adhered to the principles of marketization and rule of law, filled the shortcomings of the system, and "accurately defused" a group of enterprise groups with high risk and large scale. Through the case warnings of bankruptcy liquidation of Baoshang Bank, bankruptcy reorganization of HNA Group, Huaxin Group and Founder Group, all kinds of business entities are urged to truly feel the hard constraints of market principles such as "doing business requires capital, borrowing money needs to be repaid, investment needs to bear risks, and doing bad things requires a price", thus further strengthening the awareness of practicing according to law, compliance management and prudent operation. We will continue to promote the reform of small and medium-sized banks, accelerate the reform of rural credit cooperatives with "one province and one policy", and steadily promote the reform, restructuring and risk resolution of village banks. Actively explore pilot projects for early correction of hard constraints in some provinces, and put forward a hard constraint requirement of "rectification within a time limit" for incremental high-risk banks.

Comprehensively clean up and rectify the financial order

The column pointed out that the People’s Bank of China formulated a series of regulatory systems, such as the introduction of new asset management regulations, unified regulatory standards, broke rigid payment, strengthened risk isolation, and promoted the rectification and transformation of asset management business. By the end of 2021, the transition period of new asset management regulations ended, and the chaos of nesting and idling funds was effectively curbed, and the scale of shadow banking dropped significantly. Smooth completion of the rectification of outstanding problems in the financial business of Internet platform enterprises, and shift the focus of work to normal supervision. The special rectification of Internet financial risks has achieved good results, all P2P online lending institutions have closed down, and the rectification work in the fields of Internet asset management, equity crowdfunding, Internet insurance, virtual currency trading and Internet foreign exchange trading has been basically completed. We will further promote risk remediation of local financial asset exchanges, "fake gold exchanges" and third-party wealth management companies, crack down on illegal fund-raising and resolutely curb speculation in domestic virtual currency transactions. Continue to intensify the investigation and handling of money laundering cases.

Effectively prevent and resolve risks in key areas.

The column pointed out that the People’s Bank of China made comprehensive measures from both sides of supply and demand to maintain the smooth operation of the real estate market. Keep real estate financing stable and orderly. Due to the city’s policy to implement differentiated housing credit policies, we will continue to guide the real interest rate and down payment ratio to better support rigid and improved housing demand. Take a number of measures with relevant departments to actively support local governments to steadily resolve debt risks. Guide financial institutions to negotiate with financing platforms on an equal footing according to the principles of marketization and rule of law, and adopt classified measures to resolve the risk of existing debts, strictly control incremental debts, and improve the normalized financial debt monitoring mechanism of financing platforms through extension, borrowing new ones and replacing old ones.

Build and improve the financial stability guarantee system

The column pointed out that the People’s Bank of China continued to promote the construction of financial rule of law, and the Financial Stability Law, the People’s Bank of China Law, the Commercial Bank Law and the Insurance Law were included in the legislative plan of the National People’s Congress, while the regulations on local financial supervision and management, non-bank payment institutions and foreign exchange management were included in the legislative work plan of the State Council in 2023. We will improve the framework of macro-prudential management system, establish a countercyclical capital buffer mechanism, introduce evaluation methods for systemically important banks and insurance companies, issue supervision rules and access regulations for financial holding companies, formulate a work plan for overall supervision of financial infrastructure, and constantly improve comprehensive statistics of the financial industry. Improve the deposit insurance system, and effectively play the core functions of deposit insurance, such as preventing bank runs, differential rates, early correction, and risk disposal. Accelerate the establishment of a financial stability guarantee fund, initially establish the basic framework, and have accumulated certain funds.

At present, China’s financial risks are generally convergent and controllable. At the end of the second quarter of 2023, the total assets of China’s financial institutions were 449.21 trillion yuan, of which the total assets of banking institutions were 406.25 trillion yuan, accounting for more than 90% of the assets. The banking industry occupies the dominant position, and the stability of the bank leads to financial stability. Judging from the results of the quarterly rating of banking financial institutions by the People’s Bank of China, most of the nearly 4,000 commercial banks in the second quarter of 2023 are within the safe boundary; The number of high-risk banks is only over 300, and the assets account for less than 2% of all banks. The rating of 24 large banks with assets accounting for about 70% has been excellent, and some banks’ main operating indicators are at the international leading level, which has played a key role in China’s financial system as a "ballast stone". The supervision indicators of financial institutions are in a reasonable range. By the end of the second quarter of 2023, the capital adequacy ratio, non-performing loan ratio and provision coverage ratio of commercial banks were 14.66%, 1.62% and 206.13%, respectively. The average comprehensive solvency adequacy ratio of insurance companies was 188%, and the risk coverage ratio and average capital leverage ratio of securities companies were 255.38% and 18.78%, respectively. The credit risk was at a controllable level and the loss resilience was maintained.

Firmly hold the bottom line of no systemic risk.

The column pointed out that in the next step, the People’s Bank of China will thoroughly implement the spirit of the Central Financial Work Conference and unswervingly follow the road of financial development with China characteristics. Strengthen financial supervision in an all-round way, improve macro-prudential management, strengthen the monitoring and analysis of systemic risks, shadow banking and financial technological innovation, improve the early correction mechanism with hard constraints, and realize early identification, early warning, early exposure and early disposal of risks. Strengthen the construction of financial security system, classify policies, deal with the risks of high-risk small and medium-sized financial institutions in a timely manner, effectively prevent the cross-regional, cross-market and cross-border transmission resonance of risks, and firmly hold the bottom line that systemic risks do not occur.

(CCTV reporter Dong Bin)

Haze weather in Ruzhou, Henan Province, the sky is gray and visibility is getting worse.

China Weather Network News On January 10th, haze weather occurred in Ruzhou city, Henan province, and the visibility and air quality deteriorated, which brought inconvenience to traffic. (Photo/Li Xinmin)

Reporting/feedback

Yang Mi Tang Yan Ma Su star issued a statement that it was him!

Star pop statement

1905 movie network news 　Seeing that the Spring Festival is approaching, the circle of friends is full of various ticketing links. The entertainment circle has never stopped, with stars or studios making statements every three days and frequently making headlines in hot search. However, after reading these statements, Xiaobian really wants to say, are you sure this is a statement, not widely publicized?

On January 15th, yang mi studio issued a statement. If it weren’t for this statement, who knew that there was such a netizen named Liu Kongqing who wrote articles such as "International Power Wars Gum" and "Tang Yan-Yang Mi Battle", describing Yang Mi and Tang Yan as plastic sisters. As a result, how many people want to search for articles to get a glimpse of it. (See for details)

Yang mi studio statement

Actually, Tang Yan, who is "not a plastic sister flower" with Yang Mi, also made a statement two days ago, but now the limelight is completely overshadowed by Yang Mi, who is "not a plastic sister flower" with her. On January 13th, Tang Yan’s studio issued a statement, aiming at Huang Yiqing’s suggestion that Masu took the two-character actress to "do her hair". But if it weren’t for this statement, we really didn’t associate this two-character actress with Miss Tang Yan. (See for details)

Tang Yan studio statement

One step earlier than Miss Tang Yan, it is necessary to count "I didn’t bring her to do my hair.""Masu. On January 12th, Masu Studio issued a statement saying that it would sue Huang Yiqing for "libel". Therefore, before Huang Yiqing broke the news that Masu had cheated on her many times, fell in love with Daxun Wei, and often introduced the actress to "do her hair", which became well known. Support Masu to take legal measures, and don’t drop the lawsuit halfway! (See for details)

Masu studio statement

And even earlier than Masu is ZhangJike, who "has never done hair with her". In response to Huang Yiqing’s statement that athletes named Z had "done their hair" with Masu, on January 11th, ZhangJike Studio clarified that they were just "normal friends". As soon as this statement was issued, Huang Yiqing, who was originally called "Crystal’s ex-husband", was immediately upgraded to "the new entertainment circle discipline inspection commission", and his fans and popularity soared. (See for details)

ZhangJike studio statement

And the "initiator" of all this can be traced back to PGONE, the protagonist of the first entertainment news in the New Year. On January 5th, PGONE Studio issued a statement, saying that "the network rumored that PGONE junior high school students broke the news, which involved the act of raping a minor and making her pregnant and abandoning it", declaring it as "nothing, empty talk and rumors".Netizens have said that "PGONE Studio is crazy" and "I actually came up with such a trick in order to transfer the topic of derailment".(See for details)

PGONE studio statement

All in all, in a word, no one may have known about these messy news, but now when you make a statement, the whole world knows it. Are you sure that you are not making a statement to publicize it, or to discredit yourself? All right, as long as you’re happy.

Coming! New year’s day holiday arrangement

Red Star News

today

General Office of Beijing Municipal People’s Government

Officially released

About New Year’s Day in 2024

Notice of holiday arrangement

↓↓↓

New year’s day holiday calendar

Forward collection

↓↓↓

On October 25, according to the Chinese government website, the notice of the General Office of the State Council on some holiday arrangements in 2024 is as follows:

With the approval of the State Council, we hereby notify you of the specific arrangements for the holidays of New Year’s Day, Spring Festival, Tomb-Sweeping Day, Labor Day, Dragon Boat Festival, Mid-Autumn Festival and National Day in 2024.

First, New Year’s Day:It is a holiday on January 1st, even with weekends.

Second, the Spring Festival:From February 10 to 17, the holiday was suspended for 8 days. Go to work on February 4 (Sunday) and February 18 (Sunday). Encourage all units to implement the system of paid annual leave and arrange employees to rest on New Year’s Eve (February 9).

Third, Tomb-Sweeping Day:From April 4 to 6, we will have a holiday for 3 days. Go to work on Sunday, April 7.

Fourth, Labor Day:May 1 ST to 5 th, a total of 5 days. Go to work on Sunday, April 28th and Saturday, May 11th.

Five, Dragon Boat Festival:June 10th is a holiday, even with weekends.

Six, Mid-Autumn Festival:From September 15th to 17th, we will have a holiday for 3 days. Go to work on Saturday, September 14th.

Seven, National Day:From October 1 ST to 7 th, there will be a holiday for 7 days. Work on September 29th (Sunday) and October 12th (Saturday).

During the holidays, all regions and departments should properly arrange the work of duty and safety, security, epidemic prevention and control, etc. In case of major emergencies, they should report them in time and properly handle them according to regulations to ensure that the people spend the holidays peacefully.

the General Office of the State Council

October 25, 2023

Source: Beijing Daily (ID: Beijing _ Daily), China Government Network.

-Recommended reading-

Well-known brand 680 million sold the building to save themselves! The price of real estate sold has risen by 300 million in ten years.

The news came! The famous actor died, and his works became a household name.

Reporting/feedback

It is estimated that 190,000 passengers will pass through Qiongzhou Strait during the New Year holiday.

Zhanjiang Maritime Safety Administration Xie Xiaolin Cover Journalist Yang Feng

On December 31, 2023, the cover journalist learned from Zhanjiang Maritime Safety Administration that with the increase of tourists and residents, the number of passengers crossing the sea through Qiongzhou Strait during the New Year holiday reached a small peak. According to statistics, there were about 58,000 passengers and 14,000 vehicles crossing the sea. It is estimated that the Qiongzhou Strait will transport about 190,000 passengers and 45,000 vehicles in three days during the New Year holiday.

In order to ensure the safety of water passenger transport in Qiongzhou Strait, Zhanjiang Maritime Department started the "peak passenger flow" supervision mode, sent more law enforcement officers to strengthen the on-site supervision of passenger ro-ro ships, sent two groups of law enforcement officers to Xuwen Port passenger transport site, strengthened the on-site inspection of passenger ro-ro ships, comprehensively explored the potential safety risks in the jurisdiction, paid close attention to the rectification of defects, maintained the boarding order of passengers, carefully checked the separation of passengers and vehicles, urged the ship to do a good job in vehicle fastening and safety passage reservation, and reminded the crew.

Vehicles lined up to cross the sea.

At the same time, the maritime department sent coast guard boat to carry out maritime cruises in Xuwen Port basin and waterway waters, inspect the navigation environment in the waters of Ro/Ro passenger transport routes in detail, drive away the fishing boats that hinder navigation in the waterway in time, ensure the normal performance of navigation lights, and maintain the good navigation order of Ro/Ro passenger transport.

Maritime personnel ensure the safety of vehicle boarding. Photo courtesy of Zhanjiang Maritime Safety Administration

In addition, the maritime department has also strengthened the remote supervision of ro-ro passenger ships, made full use of the supervision command system, VTS, CCTV and other means, strengthened the dynamic supervision of ships and the traffic organization of ships entering and leaving the port 24 hours a day, received ship reports in time, provided information services, and made emergency treatment as soon as any abnormal situation was found. The joint port dispatching department shall reasonably arrange the ship’s entry and exit, loading and unloading operations, improve the ship’s turnover efficiency, make every effort to ensure the safety, efficiency and smoothness of the passenger-rolling route in Qiongzhou Strait, and ensure the people’s safe and convenient travel during the festival.

Reporting/feedback

Many supermarkets in Britain sell spoiled turkeys at Christmas： rotten and smelly, even with green mold spots.

　　Netizen basks in the green turkey (Twitter)

　　Overseas Network December 27thMany large supermarkets in Britain, such as Tesco, Sembaoli and Ollie, sold spoiled turkeys during Christmas. The netizens of "Zhongzhao" collectively vomited about this, complaining that these rotten turkeys that had not expired but turned blue ruined their Christmas dinner.

　　Deteriorated Turkey (Twitter)

　　According to a comprehensive report by the Daily Mail and the Sun on the 26th, during the Christmas period, many netizens in Britain complained that they had bought bad turkeys, some of which were rotten and smelly, and some turkeys had green mildew spots. Most of these turkeys were bought the day before or the same day, and they did not reach the shelf life on the label. The businesses complained by netizens include Tesco, Sembaoli, Ollie and Marks & Spencer and other large British retail stores.

　　Hollow Pie (Twitter)

　　In addition to the spoiled turkey, other meat products sold in the store were also ridiculed. Some people bought a hollow pie that should have been filled with butter and meat, and some people ordered a turkey for six people and changed it into chicken for one person, which was filled with stuffing. The poor shopping experience provoked the "Zhaozhong" netizen to shout "Christmas dinner was ruined like this". A netizen who spent 50 pounds on a spoiled turkey said angrily, "After such a difficult year, the family wanted to have a good reunion at the end of the year, but it was ruined." (Overseas network Wang Xiaoyu)

The US military ＂China Connect＂ has been reused for Taiwan Province to advise against the mainland.

PLA Marine Corps 63A amphibious main battle tank actual combat exercise Image source: World Wide Web

　　They are proficient in Chinese, know China, have friends in China, and are paid more and more attention.

　　Recently, an American commander who is familiar with China’s army peddled "Hedgehog Strategy" to Taiwan Province, thinking that Taiwan Province should abandon its naval and air defense and strengthen its army in the military balance with Chinese mainland. This move once again focused the attention of public opinion on these special military figures, who are some China experts of the US military.

　　Murray peddled "Hedgehog Strategy" to Taiwan Province to deal with the mainland.

　　According to a recent report in Taiwan Province’s Free Times, William Murray, an associate professor of research at the United States Naval War College, published an article entitled "Rethinking Taiwan Province’s national defense strategy" in the Naval War College Review, which aroused the appreciation of Taiwan Province Guoan. According to reports, William Murray’s specialty is the study of the Chinese People’s Liberation Army Navy. During his tenure in the US Navy, he planned submarine deployment and was himself a submarine commander.

　　In his article, William Murray mainly discusses that the accuracy of short-range missiles in China’s army has greatly increased because of the continuous updating of equipment, and the huge number, even if Taiwan Province buys more Patriot III missiles, it will not help. Therefore, the airport runway will definitely be violently attacked. Even if Taiwan Province Air Force fighters are evacuated to the eastern underground bunker base, it will not help, because the fighters can’t take off at all, so neither the F-16 nor the P-3 anti-submarine aircraft need to be introduced.

　　At the same time, the naval port is also vulnerable to short-range missiles, because when the missiles are in the air, the warships in the port can’t escape. Therefore, Kidd-class ships and diesel-electric submarines bought by Taiwan Province, like air force fighters, could not survive the first strike of China. Also, because the Ai-3 missile cannot completely intercept the China missile, there is no need to purchase it; As for the Xionger E cruise missile independently developed by Taiwan Province with a range of 360 Li, it is meaningless.

　　Murray put forward the so-called "Hedgehog Strategy", that is, Taiwan Province should strengthen and copy the protection of multiple sets of key facilities, focus on the army, strengthen the combat effectiveness of the army to resist the long-term blockade, and wait for the US military to intervene. At the same time, develop decoys, jammers and false targets, so that mainland missiles can be wasted on the wrong targets. At the same time, he suggested that Taiwan Province should motorize its important military facilities, including the frequent movement of anti-aircraft missile launchers, the fact that naval vessels and air force fighters should not dock at the same port or airport for a long time, and should frequently change and increase the time spent at sea and in the air.

　　Shi Mingkai evolved from peddling strategy to making money by arms sales.

The PLA Navy 054A new frigate launches anti-submarine rockets. Image source: World Wide Web

　　Shi Mingkai evolved from peddling strategy to making money by arms sales.

　　In fact, there are many Americans who have attracted attention by scaring Taiwan Province and selling so-called tactical strategies to Taiwan Province. Shi Mingkai, a little-known former head of the Pentagon’s "China Branch", is one of them. This person is currently one of Depth Charge in the arms trade between the United States and Taiwan. From 1992 to 1995, Shi Mingkai served as Assistant Military Attaché of the US Embassy in China. From 1997 to 2004, he worked in the Pentagon as the leader and senior director of the China, China, Taiwan Province and Mongolia Affairs Group (commonly known as "China Section"), mainly responsible for formulating military policies related to China and US arms sales to Taiwan.

　　In 1999, just two years after joining the China Branch of the Pentagon, Shi Mingkai published a book about China’s military strength: China’s Modernization Strategy and Its Significance to the United States. In the book, he actively advocated the "China missile threat" by using the information and materials he collected during his stay in China. He preached, "Chinese mainland has probably developed a model that can capture Taiwan Province without launching a large-scale attack. By intensively using hundreds of short-range missiles … Chinese mainland can gain air superiority in 45 minutes and paralyze Taiwan Province. " This view is exactly the same as that of William Murray.

　　However, this view has just been respected by American "hawkish" theorists. When the Bush administration came to power in 2000, Shi Mingkai became the chief of the "China Section" at the Pentagon. Although he can only be regarded as a middle-level cadre, the affairs he is responsible for are extremely important. Since then, he has frequently appeared in American conservative think tanks, US-Taiwan arms sales seminars and congressional hearings. At the US-Taiwan "Arms Summit" attended by Taiwan Province’s military procurement personnel, he also constantly put pressure on Taiwan to buy a large number of weapons systems from the United States. And he even founded his own arms sales company-Quantum Pacific Company. In this company, a map of Taiwan Province Island is particularly eye-catching, and its main agents are business in Taiwan Province, China, Chinese mainland and South Korea. Shi Mingkai made the US arms sales to Taiwan quite impressive.

　　In addition, Xue Ruifu, former Deputy Assistant Secretary of State for Asia-Pacific Affairs in the State Council, and Bu Danian, former head of the China Section of the US Department of Defense, enjoyed the Taiwan Strait issue even after their retirement.

　　Annual report to congress, written by Bai Bangrui, has been revised several times.

China’s new Condor 400 guided rocket launcher Image source: World Wide Web

　　Annual report to congress, written by Bai Bangrui, has been revised several times.

　　As can be seen from the above figures, their "hawkish" colors are extremely bright, and their common feature is that they have been engaged in China policy formulation or research for many years, and they can all be said to be China experts. They suggested that the National Security Council of the State Council and Taiwan Province should pay attention to the People’s Liberation Army in an attempt to influence the US policy toward China.

　　In fact, among this group of people, William Murray and Shi Mingkai are not the most powerful. Bai Bangrui, who was once used by former US Secretary of Defense Rumsfeld, is the high-ranking person in this group. In addition to the above common features, Bai Bangrui can speak fluent Chinese and has thoroughly studied Sun Tzu’s Art of War. As a consultant in the Policy Research Office of the Office of the Secretary of Defense, a senior researcher at the National Defense University and the Atlantic Council, Bai Bangrui was originally a sinologist, and he came to China for many times to attend the International Symposium on Sun Tzu’s Art of War and made a keynote speech. Bai Bangrui often shuttles between Chinese mainland, China, Taiwan Province and the United States.

　　Bai Bangrui’s attitude towards China has changed from fondness to suspicion during the research on China for more than 30 years. At that time, before the establishment of diplomatic relations between China and the United States, the U.S. government authorized the establishment of the "Bai Bangrui Channel", allowing the 27-year-old young scholar to secretly discuss military cooperation between the two countries with China through the Permanent Mission of China to the United Nations. In 1975, at the behest of the US government, Bai Bangrui wrote an article in Foreign Policy magazine, openly supporting the US-China military cooperation, thus establishing his important position in the development of military relations between the two countries.

　　However, since the 1990s, it has changed from a firm support for US-China cooperation to a warning to the United States about the rise of China. He once asserted that Deng Xiaoping’s policy of "keeping a low profile and keeping a low profile" is a modern version of "sleeping on one’s laurels", and the United States must avoid China from challenging its position when conditions are ripe. He claimed that Sun Tzu advocated military cunning, and in the Warring States period, Gou Jian, the King of Yue, kept a low profile and only sought a "peaceful rise", and as a result, the King of Wu was deceived. If China is not contained, 30 years later, the fate of the United States will be the same as that of Fu Cha, the king of Wu. The Economist commented that under the encouragement of Bai Bangrui, the Pentagon has always maintained a very cautious view on China’s strategy, and he is the "fuse" that caused opposition among government departments on China policy.

　　Bai Bangrui once wrote annual report to congress in 2005. In previous years, the White House generally passed the submitted military reports quickly, but in the year when Bai Bangrui wrote, there was a jam. The reason is that Bai Bangrui described China as a strategic competitor of the United States in the tone of a China expert, and believed that China’s military development would bring Asia under the control of China, and there were many words that stimulated China. As a result, officials of the White House National Security Council considered the wording in the report "too sharp" and exaggerated China’s "hostile image". In the end, Dennis Wilder, a member of the White House National Security Council and an expert on China in the Central Intelligence Agency, asked to delete the irritating content.

　　It is reported that Bai Bangrui always sat beside Rumsfeld, then Secretary of Defense, in the meetings of the US Department of Defense to discuss China policy, and Bai Bangrui became Rumsfeld’s most dependent adviser on China affairs. Bai Bangrui can tell the history of the relationship between the US and China’s armed forces in one breath in Chinese, with a few idioms mixed in from time to time. In 2002, when Hu Jintao, then Vice President of China, visited the United States, Rumsfeld also withdrew the interpreter from the State Council and appointed Bai Bangrui as an interpreter.

　　Military personnel who can speak Chinese and have friends in China are very popular.

Domestic C-802A anti-ship missile unveiled at Zhuhai Air Show Image Source: World Wide Web

　　Military personnel who can speak Chinese and have friends in China are very popular.

　　It can be seen that Bai Bangrui’s familiarity with Chinese helped him establish his position in the US military. It is reported that many officials of the US Pacific Command can speak fluent Chinese at present and have a thorough study and understanding of China. Whether in the intelligence department or in the combat department, "China hands" are a group of quite active figures. This has something to do with the fact that American commanders are paying more and more attention to China.

　　Since 1990s, the communication between Pacific Command and China’s military has been increasing. Since 1996, Pruher, Blair, Fargo and Fallon have successively served as commanders of the Pacific Command. They not only pay more and more attention to China, but also have a deeper understanding of China. When selecting the Pacific Commander in the Pentagon, it is an unwritten rule and standard whether he has a certain understanding of China and has worked in a certain degree with China.

　　On the other hand, when selecting the personnel responsible for receiving the China Observer Mission, the US military put forward very clear requirements: not only should they know Chinese, understand China culture and be familiar with China people’s habits, but they should also have friends from China. Despite the harsh conditions, the response was like a cloud, and the Public Affairs Office of Pacific Command quickly picked up qualified receptionists. It is reported that in the Pacific Command and its subordinate departments, there has been an upsurge of learning Chinese in recent years, and more and more American officers and men know Chinese. Moreover, in the Chinese exam organized by the US military, if officers and men can get good grades, they will not only have an advantage in promotion, but also get a reward of $1,000.

China Navy’s New Class 094 Strategic Nuclear Submarine Image Source: World Wide Web

American AAV7 amphibious assault vehicle equipped by Taiwan military Image source: World Wide Web

Taiwan’s Patriot -2 missile defense system Image source: World Wide Web

　　US: Sino-US military exchanges suspended due to arms sales to Taiwan will resume.

　　Earlier, because the United States forcibly announced the sale of $6.43 billion of weapons and equipment to Taiwan despite the easing of relations between the mainland and Taiwan Province, the US Defense News reported that China had cancelled the meeting between senior military leaders of the two countries and cancelled the scheduled exchanges on humanitarian assistance and disaster relief.

　　Taiwan’s missile procurement case was blackmailed by the United States. Taiwan’s dumb people ate Coptis chinensis.

　　The Taiwan authorities purchased six sets of Patriot-3 missiles from the United States. The United States only agreed to sell four sets in October this year, and suddenly it came out that Taiwan was required to bear nearly 800 million US dollars in research and development design fees. It is understood that when the two sides held an emergency meeting last week, the US side was tough, and the military assessed that "this money must be paid".

　　US report interferes in China’s internal affairs again to help Taiwan’s military modernization.

　　A report released by the US-China Economic and Security Review Commission on 20th once again interfered in China’s internal affairs with the Taiwan Province issue. The newspaper proposed to the US Congress to "help Taiwan Province modernize its military forces" and to be eligible to participate in the activities of other international organizations, including the United Nations specialized agencies. [detailed]

Editor: Tian Shijia

Win the future through exchanges and mutual learning： the first brand day of impact was successfully held in Shenzhen.

Recently, impact, the world’s leading partner marketing management platform, successfully held its first brand day, which also marked a milestone moment for impact in the China market. This brand day was held in Shenzhen, a city of scientific and technological innovation, and invited brand customers such as Jackery, PITAKA, UGREEN and xTool to gather at the event site to discuss the cutting-edge technologies and trends of overseas marketing and plan the future blueprint of digital marketing.

In this Brand Day event, the team of impact Greater China shared their unique views on the future of digital marketing with the guests, and revealed the new trend of industry development. Brand Day is not only a time to look back on the past, but also a time to jointly paint a new picture in the digital era of overseas marketing. Here, everyone is not only a witness, but also a creator, and jointly write a brand-new chapter in digital marketing.

Stimulate innovation and seek common future.

At the opening of the event, Jennifer Zhang, President of impact Greater China, delivered a speech: "Four years ago, impact first brought the leading marketing concept of partner marketing to China. These four years are also the four years when we rooted the concept of partner marketing in China. Time flies, the first brand day of impact finally arrived as scheduled. In this process, we experienced the joy of growth and the twists and turns of exploration with all our customers, and witnessed the vigorous development of partner marketing in China. Your support and trust are the biggest driving force for us to keep moving forward. This year is a special year, and it is also a year for us to meet the changes together. In the future, we will continue to be committed to providing better products and services to help China brands go more steadily and further on the road to the sea. "

(Jennifer Zhang, President of impact Greater China)

In the course of reviewing the past, the impact product portfolio is growing continuously. Through five successful acquisitions, impact has consolidated its leading position in the global market and demonstrated its determination to continuously improve its service level. Whether from product innovation to the construction of platform ecology, impact has been constantly evolving, creating a more complete platform solution and ecosystem for the journey of overseas brands to explore the global market.

"This impact Brand Day is not only a feast to celebrate, but also a journey of innovation. Here, in addition to sharing the use skills of impact, we can also exchange in-depth insights into the sea market and jointly explore new paths for industry development. " John Huang, Marketing Director of impact Greater China, said, "We were moved by your positive feedback, which further verified the value of holding this event. It is expected that in the future, everyone can interact with industry partners more openly and explore innovative ways of partner marketing. Looking back on the four-year process of impact, this brand day witnessed the vigorous development of partner marketing and brought new vitality to the sea-going track, especially a series of changes in the sea-going marketing track. May we continue to witness the progress of the industry together in the future and work together to create a more brilliant tomorrow. “

(John Huang, Marketing Director of impact Greater China)

Open up insights and stimulate industry resonance.

Different from the past, this activity chose the outdoor lawn as an open communication space. The event was full of enthusiasm, and the brand spirit of impact was also here in generate.

Outstanding customers from all walks of life gathered at the scene to share their successful stories and experiences of cooperation with impact. This is a customer-oriented feast, which highlights the concept of "win-win together" that impact has always had. A relaxed and interesting interactive area for product function display was set up at the scene, which created a relaxed and close atmosphere for the guests, made customers feel the unique charm of the brand in the game interaction, and promoted deeper exchanges and cooperation.

"I think this activity has gained a lot, not only have the opportunity to share experiences with peers, but also discuss the future development of the industry together." EMEET brand customers spoke highly of this activity. "The essence of partner marketing is win-win. During the cooperation with impact, we gained a lot of help, achieved income growth and achieved a win-win goal."

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About impact

Impact is the world’s leading partner marketing management platform. Since its establishment in 2008, it has always been committed to optimizing and upgrading the way enterprises manage all types of partnerships, including traditional alliance customers, KOL, content traffic owners, B2B and so on. The company’s powerful and constructive platform can help brands, marketing agencies, partners and consumers to establish real, lasting and mutually beneficial relationships.

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Exploring the path of intelligent social governance The exchange meeting of research results of intelligent social governance in Chengdu-Chongqing economic circle was held today.

Cover journalist Qin Yi Zhao Yi

Strengthening the country by network is an important strategic task and proper meaning to realize Chinese modernization. Empowering social governance by using internet technology and information technology is a topic that Sichuan and Chongqing jointly explore at present. What are the achievements of intelligent social governance in the two places? What are the future development directions? On December 19th,The exchange meeting on the research results of intelligent social governance in Chengdu-Chongqing Shuangcheng Economic Circle was held. Experts and scholars from all over the country gathered in Rongcheng to discuss the intelligent social governance in Chengdu-Chongqing Shuangcheng Economic Circle.

Exchange meeting site

Zhang Wei, a researcher and doctoral supervisor at the School of Public Administration of Sichuan University, discussed the intelligent social governance reform of the twin-city economic circle in Chengdu-Chongqing area with the theme of data opening and sharing. He explained the significance of intelligent social governance by comparing digital social governance with intelligent social governance in key areas, technical essentials, governance means, tasks and objectives. He mentioned that in the governance of intelligent society, the key value of data opening and sharing lies in optimizing the construction and urban planning of social intelligent cities, and improving the personalization and generalization of social services.

Sun Ying, a professor and master tutor at Southwest University of Political Science and Law, discussed how to fasten a "safety belt" for the high-quality development of the digital economy with the theme of studying new legal relations in the digital economy era. In view of the phenomenon of large-scale infringement of personal information, she suggested continuing to strengthen administrative law enforcement and promoting the implementation of the high fine system. In addition, a personal information protection fund can be established to mobilize multiple forces to protect personal information rights and interests.

Zeng Runxi, a teacher and doctoral supervisor of Chongqing University, shared his research results with the theme of improving the governance efficiency of intelligent society. He mentioned that in order to optimize the governance path of intelligent society, it is necessary to realize "upper and lower governance" and form different role setting structures in digital space and physical space. The upper layer needs to control more management scope through technology, and the lower layer needs more information and data to realize administrative transaction processing.

Professor Chih Wei Tang of the University of Electronic Science and Technology of China analyzed the current situation, difficulties and economic and social problems arising from the supervision and enforcement of digital platform algorithms, and put forward countermeasures and suggestions. He said that the algorithm core processing of the digital platform involves business secrets of enterprises, and algorithm supervision should not be "one size fits all" for algorithm control. It is necessary to strengthen effective government supervision and reduce the cost of enterprise compliance.

Huang Dongdong, deputy dean of the School of Cyberspace Security and Information Law of Chongqing University of Posts and Telecommunications, analyzed the big data of cyber security patents, and put forward suggestions for the industrial development of the Shuangcheng Economic Circle in Chengdu and Chongqing. In his research, he found that the twin-city economic circle in Chengdu-Chongqing region has certain early accumulation and relative advantages in the application of security and security situation awareness, and universities are the main innovation subjects.

Yu Xin, an associate professor at Tsinghua University School of Journalism and Communication, shared his understanding of the current intelligentization of social governance with "The Big Language Model of Twin Public Opinion Space and the Intelligentization of Social Governance". Through the research on the hot public opinions in Sichuan and Chongqing, he found that in the previous network impressions, Sichuan and Chongqing had labels and impressions such as tourist hotspots and online celebrity clusters, and we can focus on these aspects in the future.

The relevant person in charge of the Network Information Office of Sichuan Provincial Party Committee said that in order to better promote the comprehensive network governance and empower the modern governance of the twin-city economic circle, Sichuan and Chongqing should combine the comprehensive network governance with the promotion of urban and rural grassroots governance system innovation and capacity building, explore the deep application of intelligent technology in people’s livelihood fields such as education, employment, social security, sports, housing, transportation, helping the disabled and providing for the elderly, solve the pain points and difficulties in social governance, and promote the formation of a comprehensive network governance pattern of online and offline integrated governance.

At the same time, around the key areas of cooperation in Chengdu-Chongqing area, such as smart transportation, energy security, smart water conservancy, industrial development, eco-livability, and services for the benefit of the people, we will guide the construction of a number of digital application scenarios that are visible, tangible and well used, and launch more intelligent governance samples with the recognition of Sichuan and Chongqing, forming a demonstration and leading role in the west, and promoting the achievements of Internet governance construction to benefit more grassroots people.

In the next step, we will explore intelligent governance in cooperation around key areas such as smart transportation, energy security, smart water conservancy, industrial development, ecological livability, and service for the benefit of the people in the Chengdu-Chongqing economic circle, build a number of digital application scenarios that are visible, tangible and well used, and launch more intelligent governance samples with Sichuan-Chongqing recognition, thus forming a demonstration and radiation-driven role in the west.

45th Anniversary of Reform and Opening-up： Creating High-quality Life for the People

In the 45 years of reform and opening up, "let people share the fruits of reform and opening up" has always been a major event that successive jiangsu provincial party committee and provincial governments have attached great importance to and made great efforts to grasp. Especially since entering the new era, Jiangsu has persisted in promoting reform with people as the center, and strived to create a high-quality life by promoting high-quality development. Various measures to enrich the people have been continuously implemented, and people’s livelihood highlands have been constantly refreshed, and people’s lives have moved towards a more solid, high-level and comprehensive well-off society.

From the strategy of "enriching the people and strengthening the province" to "focusing on enriching the people", since the reform and opening up, Jiangsu Administration has always anchored "people’s wealth" and handed over a beautiful report card: Jiangsu urban residents and rural per capita disposable income have jumped from 288 yuan and 155 yuan in 1978 to 60,178 yuan and 28,486 yuan in 2022. In recent years, the income growth rate of rural residents has outpaced that of urban residents, and Jiangsu has become one of the provinces with the smallest income gap between urban and rural areas in China. Behind the historical leap of people’s life from "food and clothing" to overall "well-off" is Jiangsu’s unremitting efforts in increasing employment and income. The data shows that since the 18th National Congress of the Communist Party of China, Jiangsu has accumulated more than 14 million new urban jobs, with an average annual employment of about 1.41 million, which has remained at the forefront of the country. Support 3.046 million urban and rural workers to start their own businesses, which effectively boosted employment.

Mao Dan, a college student who returned home to start a business and the head of Gutian Farm, said: "The national and provincial policies on college students’ entrepreneurship are getting better and better. The profit of my farm is also increasing every year. The annual sales are around 2.5 million, which has led to the employment of about 50 people."　

What the people care about and expect, what the reform must grasp and promote. Jiangsu has always regarded "people’s growing needs for a better life" as a yardstick to measure development and promote reform. In the 45 years of reform and opening up, the social security system has grown from scratch and from scratch to Excellence. The province has established a unified and fair social endowment insurance system for urban and rural residents, and about 21 million retired workers and elderly residents receive full monthly pensions. A multi-level and wide-coverage universal medical insurance system was initially formed, with nearly 81 million people participating in basic medical insurance in the province. The reform of the housing system continued to advance, Nanjing promoted the monetization of public rental housing, Taizhou took the lead in implementing the "sunshine guarantee" policy in the country, and Changzhou launched talent apartments, so that more new citizens and young people realized their dream of living in peace. By the end of 2023, the province has renovated about 14,000 old communities, benefiting about 5 million households. The bottom line of people’s livelihood has been firmly grasped, and provinces, cities and counties have comprehensively established a coordination mechanism for basic living security for people in need, providing institutionalized protection for people in need.

　　 Since entering the new era, Jiangsu has been devoting more than 75% of general public budget expenditure to people’s livelihood for many years, constantly polishing the happy background of "the people are rich".

Huan Wang, a young man living in Changzhou Lanling Talent Apartment, said: "This place is relatively new, and the household appliances and furniture are all newly equipped. The government subsidizes 800 yuan for living and renting, and it only costs less than 1,000 yuan a month, which is quite convenient for us young people."　

Hu Xiaozhong, dean of Shiye Town Health Center in Dantu District, Zhenjiang City, said: "Actively promote the equalization of basic medical and health services throughout the island, improve the ability and optimize the process, and truly be a good health steward of the island residents."　　

Chen Jingfeng, the person in charge of Yancheng jianhu county Smart Pension Service Center, said: "Providing basic services such as meal assistance, bath assistance, leisure and entertainment, rehabilitation and physical therapy for the elderly in the jurisdiction, as well as home-based services, will make the elderly in the county have a better sense of happiness and gain."　　

Zhang Chunlong, director of the Institute of Social Policy of Jiangsu Academy of Social Sciences, said: "From the perspective of Jiangsu’s exploration and practice since the reform and opening up, we have always adhered to the people-centered reform, grasped the most direct and realistic interests of the people, and promoted reforms in key areas, constantly enhancing people’s sense of acquisition, happiness and security in the process of reform; At the same time, on the path of reform, Jiangsu pays attention to strengthening the party’s leadership and respecting the people’s initiative, forming a vivid situation in which the vitality of reform and innovation competes with generate and fully emerges in the whole society. "　

(Jiangsu Radio and Television General Station Rong Media News Center reporter/Pu Mozhen Zhu Xiaoying Feng Yuan Chen Zhongyao john young Changzhou Taiyanchengtai Editor/Zhao Lijing)

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