The annual strategies of many brokers are optimistic about the market expectations for next year: A shares are expected to usher in valuation, repair growth style or be relatively dominant.

K-line chart of high-voltage fast charging plate index day (Zhang Dawei drawing)

  Near the end of the year, a number of investment strategies of brokers in 2024 have been released one after another, making the latest judgments on macroeconomics, market trends and sector allocation in the new year. Institutions generally believe that the macro economy will continue to improve next year, and A shares are expected to usher in valuation repair. However, there are different views among brokers on the judgment of market style.

  Macroeconomic recovery is expected to continue next year.

  Looking forward to the economic situation next year, many institutions believe that with the continuous efforts of policies, the domestic macro-economy will continue to improve and market confidence will be boosted.

  Huaan Securities predicts that the endogenous growth of the domestic economy will be around 4.6% in 2024, and with the help of policies, it is still expected to achieve a GDP growth rate of around 5% throughout the year. The supporting factors mainly come from two aspects: on the one hand, with the endogenous recovery of the economy, consumption gradually stabilizes, which constitutes the basic disk of growth; On the other hand, under the policy guarantee, the investment side continues to exert its strength. One is to issue additional government bonds to support infrastructure investment, and the other is to stabilize real estate investment in affordable housing in urban villages. At the same time, the recovery of exports has driven the manufacturing investment to remain stable.

  Dong Qi, the macro chief analyst of Guotai Junan Research Institute, believes that it is expected that the economic growth rate will continue to recover in 2024, the rhythm will be high and then low, and the pattern of low inflation will continue. PPI will turn positive in the second quarter, exports will improve relatively, and consumption and investment will remain resilient.

  According to CITIC Securities, the domestic macro-economy is expected to be steadily restored and its vitality will reappear in 2024. The vitality of domestic micro-subject economy will be restored with the weakening of the US dollar and the strengthening of policies, and the economy will gradually return to the potential medium and high-speed growth level. In 2024, the domestic GDP is expected to increase by 5.1%, which is structurally characterized by "old kinetic energy for stability and new kinetic energy for progress".

  A shares are expected to usher in valuation repair

  Since the beginning of this year, affected by multiple internal and external factors, the A-share market has fluctuated obviously. How will the A-share market be interpreted in the new year? Many institutions expect optimism.

  Zhang Xia, chief analyst of China Merchants Securities Strategy, said that looking forward to next year, the revenue and profit growth of A-share listed companies is expected to maintain a slight upward trend. In terms of funds, the implementation of the previous capital market reform measures will effectively improve the supply and demand of funds, and it is expected that the incremental funds will turn to net inflows in 2024. With the end of the Fed’s interest rate hike cycle and the shift to interest rate cuts and table expansion, the liquidity of the US dollar is expected to improve significantly. It is expected that foreign capital will resume a small net inflow trend in 2024, which will have a positive impact on A shares.

  "Overall, driven by the above factors, the A-share market will show a volatile upward trend, and the main broad-based index is expected to record a slight increase." Zhang Xia said.

  Zheshang Securities believes that the state of China’s economic operation is a key factor for the judgment of the general trend in 2024. With the help of the auxiliary description of inventory cycle, combined with the forecast of investment, export and consumption, it is predicted that A shares will show a trend of shock recovery in 2024.

  CITIC Securities predicts that, from the rhythm point of view, the A-share repair will be more flexible in the first half of 2024, and may fluctuate and differentiate in the second half. It is expected that the New Year’s Eve to the first quarter of next year will be an obvious window to boost market confidence, and the slope of A-share repair will be the largest. With the verification of domestic economic targets and the slope of restoration, the reform of the investment side of the capital market continues to take effect, and the market is expected to continue to repair in the second quarter of next year, and the slope tends to be flat. It is expected that the market structure may begin to differentiate after the A-share valuation has undergone three stages of repair in the second half of next year.

  What investment opportunities are worthy of attention?

  Since the beginning of this year, the rotation of A-share theme has been accelerated, and the configuration is more difficult. Which investment direction is worth paying attention to next year, the dominant value style or the dominant growth strategy? In terms of style judgment, brokers have their own opinions, but the pre-judgment growth style is dominant.

  Caitong Securities believes that the A-share market style is expected to be relatively balanced next year, and the valuation is expected to pick up. It is recommended to pay attention to the Science and Technology 100 Index and the Entrepreneurship 200 Index. Judging from the comparison with the historical bottom area and the characteristics of institutional heavyweights, many indicators of current A shares are at the bottom. Consumption, TMT and many other segments are cost-effective, and next year’s profit and valuation are expected to be Shuang Sheng, and the market is expected to warm up. Combined with multiple factors such as profit margin improvement and policy drive, the growth style of A shares may be relatively dominant next year.

  Zhang Xia is also optimistic about the performance of growth style next year. He said that under the trend of bottoming out of profits and declining yield of US bonds, A shares may turn to growth style. From the perspective of industry, it is suggested to pay attention to science and technology, medicine and some cyclical stocks, and pay attention to the new energy sector after the second quarter, based on the comprehensive judgment of macro environment, science and technology cycle, supply and demand pattern of production capacity, changes in core driving factors of industry prosperity and market performance in the past two years.

  Huaan Securities judges that the growth of the A-share market and the market of the consumer sector will alternate next year. Growing the main line of science and technology or leading the annual market, the main line of consumption is expected to follow closely. When the overall growth style is dominant, industries such as electronics and communications are preferred. With the stabilization of the real estate industry and the significant upward consumption of services, the consumption style is expected to gradually dominate.

  Fang Yi, chief strategist of Guotai Junan Research Institute, believes that the small-cap theme market may cool down in the first half of next year, and the stable style of the large-cap market is expected to prevail. Since the beginning of this year, investors’ risk appetite has tended to be at both ends: small-cap growth stocks have risen, while large-cap blue-chip stocks have fallen. It is expected that the market of small-cap theme stocks with high-risk characteristics may ebb in the next stage, and investment opportunities may turn to large-cap stocks with low-risk characteristics. It is suggested to pay attention to investment opportunities of fixed-income bonds and related products.


Sorry, there may be network reasons or this page is not available. Please try again later.

  I. Oil reserves


  The United States is one of the countries with the largest proven oil reserves in the world. As of January 1, 2004, its proven oil reserves were 22.7 billion barrels, ranking 11th in the world. More than 80% of the country’s reserves are concentrated in four States in the United States: Texas (24%), Alaska (22%), Louisiana (20%) and California (19%). Other oil-producing states include New Mexico, Oklahoma, Wyoming, Kansas, Mississippi and North Dakota. Due to the over-exploitation in the late 1980s and the first half of 1990s, the oil reserves in the United States decreased rapidly. At present, the oil reserves in the United States decreased by about 20% compared with 1990.


  Second, production


  The United States is the third largest oil producer in the world after Saudi Arabia and the Russian Federation. According to the statistics of American oil and gas magazine, the American oil output in 2003 was 7.9 million barrels per day, accounting for 9.2% of the world’s total oil output. The output of crude oil is 5.7 million barrels per day, and the rest is natural gas liquid (NGL). At present, the output is the lowest in the past 50 years, which is about 25% lower than the 10.6 million barrels per day in 1985. There are about 500,000 oil producing wells in the United States, but most of them belong to marginal wells. According to statistics in 2003, the main oil producing areas are concentrated in the Gulf of Mexico, Texas land oil fields, the northern slope of Alaska, California, Louisiana land oil fields, Oklahoma and Wyoming. In 2003, the United States drilled 30,151 new oil and gas wells, including 5,694 oil wells, 20,011 natural gas wells and 4,446 dry wells. Compared with 25,536 wells drilled in 2002, it increased by 18%. With the progress and development of geophysical prospecting technology and drilling equipment, the output of deepwater oil fields in the Gulf of Mexico has increased rapidly. At present, the output of deepwater oil fields accounts for two-thirds of the oil production in the Gulf of Mexico in the United States. Because most of the energy resources in the United States are concentrated in the territory of the federal government, and the exploration and exploitation of oil and gas are subject to many restrictions by the federal government, it is difficult to increase oil production significantly. Due to the low return on energy investment, the investment in the oil industry has been greatly reduced since 1980, which has led to the aging of the existing oil supply infrastructure in the United States, such as pipeline transportation and refinery processing, and the serious shortage of production capacity.At the same time, domestic production costs are higher than the international level, and environmental protection requirements are increasingly demanding. As a result, many refineries have been forced to close down. Relevant data show that no new refinery was built in the United States from the late 1980s to the 1990s. The petroleum refining and processing industries in the United States are mainly concentrated in Texas, Louisiana, California, Illinois, Pennsylvania, New Jersey, Washington, Ohio and Indiana. According to the statistics of British Petroleum Company (BP), the refining capacity of the United States in 2002 was 16.76 million barrels per day, accounting for about 20% of the world’s total refining capacity of 8,390 barrels per day. At present, the dominant oil companies in the American market are mainly ExxonMobil, Philips Continental, Chevron Texaco, Shell Oil, Frontier Oil, Marathon Oil and other companies. The U.S. Department of Energy predicted in its energy policy article that the oil production in the United States will drop from the current level of 580 barrels per day to 5.1 million barrels per day in 2020, and the Gulf of Mexico will play an important role in the future, and its share in domestic oil production will increase from the current 27% to 40% in 2010.


  Third, consumption


  The United States is the largest oil consumer in the world. In 2003, the consumption was 20.071 million barrels per day (equivalent to 914.3 million tons), an increase of 1.9% over the previous year, accounting for 25.1% of the total oil consumption in the world. In the current composition of energy consumption in the United States, oil accounts for 42%, coal accounts for 24%, natural gas accounts for 20%, nuclear energy accounts for 8-,and hydropower, solar energy and wind energy account for 4%. According to the statistics of British Petroleum Company (BP), in the composition of oil consumption in the United States in 2003, transportation oil accounted for about 67.5% of the total oil consumption, industrial oil accounted for about 24.2%, civil oil accounted for about 3.9%, electric oil accounted for about 2.4%, and commercial oil accounted for about 1.9%. After experiencing the oil crisis in the 1970s, the United States began to pay attention to improving energy utilization and saving energy, and the energy intensity continued to decline. At the end of 1990s, the energy required for producing every dollar decreased by 44% compared with that in 1970, and the annual per capita oil consumption decreased from 31 barrels in 1978 to 26 barrels in 2000, a decrease of 20%. On the whole, since 1973, American economy has increased by 126%, while energy consumption has only increased by 30%.


  In order to improve the energy utilization rate, the federal government formulated the Energy Star program as early as the 1970s, and in the late 1980s, it set energy-saving standards for related industries, such as automobile manufacturing, household appliances and building lighting. Some energy-intensive production units, such as wood processing and papermaking, chemical industry, petrochemical refinery, metal smelting, food processing, ceramics and glass firing, have either adopted new energy-saving technologies or shut down and turned around, reducing the dependence of the economy on energy to some extent. In addition, the adjustment of macroeconomic structure and the rise of non-energy-intensive industries, such as communication and information technology, microelectronics and financial services, have also greatly reduced the energy intensity of the United States.


  On the other hand, because the transportation industry in the United States accounts for more than 65% of its total oil consumption, the automobile industry in the United States developed rapidly during the period of low oil prices in the 1980s and 1990s, and the vehicle types became larger and larger, especially the fuel-intensive vehicles such as off-road vehicles and sports cars, which were favored by consumers. Therefore, the demand for petroleum products, mainly gasoline, has greatly increased. The US Department of Energy predicts that in the next 20 years, US oil consumption will increase by 33% and natural gas consumption by 50%, and by 2020, US oil consumption will reach 26-27 million barrels per day.


  Iv. import


  The United States has been a net energy importer since 1950s. After 1985, its dependence on imported oil increased significantly. In 2003, its import volume increased from 4.3 million barrels per day in the mid-1980s to 12.2 million barrels per day (equivalent to 605.1 million tons), an increase of 7.9% over the previous year, accounting for 62% of its total domestic oil demand and 26.8% of the world’s total imports. Among them, the import volume of crude oil is 9.645 million barrels per day and that of oil products is 2.609 million barrels per day. The main import sources are Canada (2.1 million barrels per day), Saudi Arabia (1.8 million barrels per day), Mexico (1.6 million barrels per day) and Venezuela (1.4 million barrels per day). Among the sources of oil imports in the United States, more than two-fifths of oil imports come from member countries of the Organization of Petroleum Exporting Countries. From 1973 to 2000, the dependence of American domestic market on imported oil increased from 35% to 52%, natural gas increased from 5% to 15%, and the proportion of energy imports in its total imports exceeded 10%. In order to meet the increasing domestic oil demand and ensure the safety of energy supply, the United States has formulated a multi-faceted global supply system strategy in its energy policy and implemented a diversified policy of oil and gas import sources. In addition to taking Saudi Arabia, Kuwait and other oil-producing countries in the Middle East as the leading sources of supply, it also makes full use of the convenience of the North American Free Trade Area to consolidate the existing energy production and cooperation with Canada and Mexico.Increase investment in onshore and offshore oil and gas fields in Latin America and Central and South America countries such as Venezuela, Trinidad and Tobago, Bolivia, Brazil, Argentina, Chile, Paraguay, Uruguay, Colombia, etc., and ensure the source of oil supply for the United States in this region. And set up the US-Russia oil and gas working group and the US-Kazakhstan oil and gas and commercial energy working group, increase investment in Aegean and African countries and regions, and make use of technological advantages to carry out deep-sea oil and gas exploration and production in the Atlantic basin between Canada and the Caribbean, Brazil and West Africa.


  V. Inventory


  Strategic reserve oil


  After being hit by the oil embargo imposed by the oil-producing countries in East Arab in the early 1970s, President Carter signed the energy policy and energy-saving law in 1975 and decided to establish a strategic oil reserve. On July 21, 1977, about 412,000 barrels of Saudi light crude oil were injected into the salt cave on the coast of the Gulf of Mexico as the first strategic storage. According to the relevant laws, only when the domestic energy supply or import is blocked, or the oil price rises sharply due to the oil embargo, which may seriously threaten national security or economic operation, can the President of the United States decide and order the use of strategic reserve oil. On November 13, 2001, President George W. Bush announced that the strategic oil reserve would be increased to 700 million barrels. At present, the strategic oil storage capacity of the United States is 727 million barrels. The International Energy Agency requires that the United States’ oil reserves (strategic and non-strategic stocks) should reach 90 days’ import. The maximum withdrawal amount of strategic oil reserves is 4.3 million tons/day, and it takes about 13 days from the withdrawal of stocks to entering the US market. In order to establish strategic oil reserves, the United States has invested a total of 21 billion US dollars, of which 4 billion US dollars are used to purchase oil storage facilities and 17 billion US dollars to purchase reserve oil. The reserve oil will come from 20 countries, of which light crude oil accounts for about one-third of the total reserve oil and two-thirds is heavy crude oil (crude oil with sulfur content above 2%). As of August 24, 2004, the United States had 667 million barrels of strategic reserve oil, which was equivalent to 55 days’ import at that time. Among them, 270 million barrels of light crude oil and 397 million barrels of heavy oil.(In 1985, the strategic stock oil reached the import volume equivalent to 118 days at that time). The main oil storage locations are related states in South America, such as Louisiana and Texas, which are close to the Gulf of Mexico. The strategic reserve oil of the United States has played an important role in stabilizing the international oil market. Since the establishment of the strategic oil reserve, only when Iraq attacked Kuwait in early 1991 and caused the price of the international oil market to rise sharply, according to the allocation quota of the international energy agency, President Bush ordered the Ministry of Energy to use 33.75 million barrels of crude oil when launching the operation desert storm to calm the price rise in the oil market. But in the end, the United States only used 17.3 million barrels, which effectively brought the international oil price down sharply.


  Commercial petroleum inventory


  According to api gravity data, by the end of July, 2004, the commercial inventory of crude oil in the United States was 298 million barrels, up by 4.6% over the same period of last year, the inventory of gasoline was 212 million barrels, up by 5.2%, and the inventory of other oil products was 158 million barrels. At the end of July, the national inventory of various oil products (excluding strategic oil reserves) was 959.6 million barrels, a slight increase of 0.2% over a year ago.


  VI. The Impact of Oil Price Fluctuation on American Economy


  Since 2003, especially since August this year, the sharp and rapid rise in oil prices has caused the international oil market to fall into panic again. The New York Mercantile Exchange’s September West Texas Intermediate crude oil futures price broke through the psychological defense line of $40 and $45 per barrel in just a few weeks, and reached the $50 mark. Finally, on August 20, it fell back after hitting $49.40. Compared with the beginning of the year, oil prices have increased by about 50%.


  People in the industry have consistent views on the reasons for the rising oil prices, mainly as follows: 1. Compared with other commodities, the monopoly of oil is still strong. In order to maintain the selling price, the Organization of Petroleum Exporting Countries has been adopting the sales strategy of limiting production and insuring prices in recent years, but the supply has decreased. 2. The international market demand shows a slow growth trend, and the oil import demand of emerging countries, especially China and Indian countries, rises sharply. 3. The geopolitical situation is turbulent, and anti-government forces in Iraq threaten to blow up oil production facilities, kidnap foreign companies as hostages and carry out terrorist activities. The political turmoil caused by Venezuela’s domestic election has affected its oil production and export, and the protracted tax evasion case by KOS Oil Company in Russia has caused market panic. 4. Speculation in the oil futures market has intensified. As soon as traders encounter trouble, they will take the opportunity to speculate, which will contribute to the rise and fall of oil prices. 5. The production capacity of the member countries of the Organization of Petroleum Exporting Countries is close to the limit, and their ability to regulate oil supply is declining.


  As for the possible impact of this oil price on the economy, there are different opinions. As the impact of oil price fluctuation on economy is lagging behind, judging from several oil crises since 1970s, every crisis is always accompanied by high inflation and economic recession. For example, the first oil crisis when the Arab countries imposed an oil embargo led to a serious global recession in 1973-1975, the oil crisis triggered by the Iran-Iraq war in 1979 led to a global recession in 1981-1982, and the oil price shock triggered by the Gulf War plunged the western industrialized countries into a relatively moderate economic recession in 1990-1991. Therefore, some economists believe that this sharp rise in oil prices will inevitably bring considerable negative impact to the world economy. Take the United States as an example. In 2004, its GDP increased by 4.5% in the first quarter, and decreased to 3% in the second quarter. Affected by the oil price shock, many American economists have lowered their economic growth forecasts in the second half of the year, arguing that high oil prices will affect consumer spending, reduce investment, reduce national real income, keep the unemployment rate high, widen the foreign trade deficit, and may lead to inflation. What’s more, it is believed that the American economy may experience stagflation or fall into recession again in 2005. However, some institutions, such as the Federal Reserve Board of the United States, are optimistic that the impact of this oil price shock on the US economy is limited, and it will not lead to a new economic crisis. The reason is that from a macro perspective, there has been no fundamental change in the relationship between supply and demand in the international oil market.The oil supply is sufficient, the demand for oil in the United States has not increased significantly, and it is backed by a considerable oil inventory. More importantly, the tolerance for rising oil prices is greatly enhanced compared with the past, so it can cope with price fluctuations in the international oil market in a short period of time. Once speculation subsides, the oil market will return to its original pattern.


  The author believes that oil is a strategic scarce resource. Although major oil importing countries have been practicing energy conservation and improving energy utilization for a long time, the status of oil as a major energy source cannot be effectively replaced for a long time to come. With the continuous development of the world economy, especially the rapid economic development of developing countries such as China and India, the demand for oil in the international market is bound to increase. At the same time, the international geopolitical pattern is turbulent, especially the terrorist activities in major oil-producing countries such as the Middle East, which will always be an unstable link in the supply chain of the international oil market. Therefore, in the long run, oil prices will continue to rise with the increase in demand caused by the development of the world economy. The possibility of a sharp rise in oil prices in the short term due to temporary factors and speculation is not ruled out. From the perspective of the United States, as it experienced the oil crisis in the 1970s, it adjusted its macro-energy policy in time, paid attention to the diversification of energy composition, increased the development of natural gas resources, nuclear energy and other alternative energy sources, improved energy utilization rate and focused on energy conservation, diversified import channels, and a huge strategic oil reserve, so its overall resilience to resist the energy shortage crisis was greatly enhanced compared with the past, and short-term oil price fluctuations had relatively little impact on the economy. Therefore, although this oil price shock will definitely affect its economic growth in the second half of 2004, it is estimated that it will not have a reversible impact on its economic activities, and the specific impact will need further close attention.


  According to the statistics of the U.S. Department of Energy, 48% of the total crude oil consumed in the United States is used to produce gasoline and other fuels. Due to the popularity of multi-purpose vehicles with high horsepower and high fuel consumption, the consumption of gasoline in the United States has increased by 24% since 1990. Since September and November, especially since this year, due to the intensified price fluctuation in the international primary raw material market and domestic natural disasters, especially the hurricane that frequently visited the relevant States in the southern United States last year and this year (which is also the gathering place of many large American oil refineries), the domestic petroleum products in the United States, such as gasoline and heating oil, have shown a tight supply market situation, which has led to. It is estimated that gasoline consumption will increase by 48% over the current level in 2025. Because domestic production is far from meeting the market demand, the proportion of imported gasoline in the total gasoline consumption in the United States has soared from 4% in 1995 to about 10% at present. According to the forecast of the Energy Information Administration, by 2025, the gasoline consumption in the United States will increase from the current 8.9 million barrels per day to 13.3 million barrels per day. By then, gasoline alone will account for half of the crude oil consumption in the United States. At the same time, the proportion of diesel oil, heating oil and aviation fuel oil in the demand for refined oil will also increase greatly. In sharp contrast, since the second half of the 1990s, the domestic refining capacity in the United States has increased by less than 1%.


  The main reasons for the imbalance between supply and demand in the oil market are:


  Since the 1970s, due to the persistent surplus of international crude oil market, oil prices have been hovering at a low price for a long time. At this stage, American refineries have maintained a low rate of return and a low rate of return on investment, which greatly inhibited investors from expanding refinery facilities and launching new refineries. In fact, since 1976, the United States has not built a new refinery (just increasing the production scale of existing facilities). At present, the number of oil refineries has decreased by more than half compared with 1981, while gasoline consumption has increased by 45%. According to the statistics of the relevant departments of the US Department of Energy, the number of refineries in the United States has decreased from 324 in 1981 to 148 (including 4 idle ones). These refineries are located in 32 States in the United States, with an overall crude oil processing capacity of 17.12 million barrels per day. In the past ten years, nearly 50 refineries have closed down, and most of the existing enterprises have outdated equipment and various accidents. The reason is mainly attributed to the large-scale reorganization of oil refining enterprises after the two oil crises in the 1970s, such as selling and closing excess production equipment, which led to the reduction of the number of refineries in this industry. In addition to the overcapacity factors that affected the new investment in the oil refining industry in the 1980s and 1990s, various regulations in the United States, such as more stringent environmental laws, clean air laws, relevant regulations on air quality, water quality, waste and automobile exhaust emissions, more additional government licenses and regulations to further reduce the sulfur content in gasoline and diesel, in addition,Refineries also need to produce gasoline and diesel with different standards according to federal standards, state government standards and local government standards, and it takes time to apply for more complicated government licenses. Clean fuel standards (such as the introduction of various environmental protection standards one after another, the increasingly strict emission standards for automobile exhaust, etc.) undoubtedly make refinery production more difficult and new capital investment increase. According to statistics from the United States, in the past 10 years, the refining industry in the United States has invested about $47 billion in environmental protection projects, mainly for producing low-sulfur unleaded gasoline that is more conducive to environmental protection. Under the restriction of internal and external environment, many oil refining enterprises have high input and low output, while some refineries are forced to close down because they cannot adapt to the increasingly fierce industry competition.


  List of refinery distribution and crude oil processing capacity in the United States


  Number of refineries by state, among which idle number crude oil processing capacity


  Idle processing capacity (barrel/day)


  Delaware 1 175000


  Georgia 1 1 28000 28000


  New Jersey 6 1 666000 51000


  Pennsylvania 5,770,000


  Virginia 1 58600


  West Virginia 1 19400


  Illinois 4 896000


  Indiana 2 433000


  Kansas 3 296200


  Kentucky 2 227500


  Michigan 1 74000


  Minnesota 2 335000


  North Dakota 1 58000


  Ohio 4 551400


  Oklahoma 5 484961


  Tennessee 1,180,000


  Wisconsin 1 33000


  Alabama 3 1 130200 16700


  Arkansas 2 76800


  Louisiana 17 2772723


  Mississippi 4 364800


  New Mexico 3 112600


  Texas 26 1 4628491 880


  Colorado 2 87000


  Montana 4 181200


  Utah 5 167350


  Wyoming 5,152,000


  Alaska 6 373500


  California 21 2026788


  Hawaii 2 147500


  Nevada 1 1707


  Oregon 1 0


  Washington 5 616150


  The United States totals 148 4 17124870 118580.


  Puerto Rico 2 1 109500 42000


  Virgin Islands 1,495,000


  As can be seen from the above table, refineries in the United States are mainly concentrated in Texas, California and Louisiana. The above three States account for 43.2% of the total number of refineries in the United States, and the crude oil refining capacity accounts for 55.1% of the United States. Texas alone accounts for 17.6% and 27.0% of the total in the United States.


  Geographically, refineries in the United States are mainly concentrated in Texas and Louisiana near the Gulf of Mexico in the southern United States.


  About 25% of the existing refinery production capacity in the United States is controlled by foreign enterprises. Mainly operated by large petrochemical multinational companies, such as BP, Shell Chemical Company, Dow Chemical Company, ExxonMobil Company, Texaco Company, Continental Philips Company, Chevron Company, Marathon Schlander Company, Citgo Petroleum Corp., Motiva Enterprises LLC, Murphy Oil USA Inc., Valero, Total Petrochemical Inc.,


  Western refining co., chalmette refining LLC., premcor refining group Inc., etc.


  Since the beginning of the 21st century, due to the turbulent world political situation and increasing demand, the price of international crude oil market has been rising, which has led to an increase in market demand for oil products. Although refineries are operating at full capacity, the demand is still in short supply. At the same time, due to the aging equipment of many refineries, accidents continue (for example, BP’s refinery in Texas suffered two accidents, including the explosion in the first half of 2005, which caused dozens of casualties and heavy losses), and the shutdown of refineries along the Mexican coast caused by two hurricanes in August and September 2005, as well as speculation in the international oil futures market, which further aggravated the shortage of oil products in the US oil market, and the prices of motor gasoline and diesel oil soared.


  The Impact of Hurricane Katrina and Rita on American Petroleum Refining Industry


  In late August and late September, 2005, two successive hurricanes Katrina and Rita swept through the Gulf of Mexico, which not only brought serious casualties and huge property losses to Louisiana and eastern Texas, but also caused heavy losses to the oil refining industry in the United States.


  According to the statistics of the US Department of Energy, the oil production in the Gulf of Mexico is 1.5 million barrels per day (equivalent to 75 million tons), which is one of the important oil producing areas in the United States. There are dozens of large refineries of multinational oil companies in Texas, Louisiana and Mississippi near the Gulf of Mexico. For example, there are 17 refineries along the Mexican coast in Texas, including 10 refineries in Houston, with a daily refining capacity of 2.3 million barrels of crude oil, accounting for 13% of the total refining capacity in the United States. There are four refineries in Beaumont and port arthur, with a daily processing capacity of 1.1 million barrels of crude oil, accounting for 7% of the total refining capacity in the United States. Exxon Mobil (ExxonMobil) has 348,500 barrels per day, Motiva (Shell) has 285,000 barrels per day, Total has 233,500 barrels per day, and Valero has 255,000 barrels per day (according to the statistics of the US Department of Energy on January 1, 2005). There are three refineries in Christie, Kobos, with a daily processing capacity of 586,000 barrels of crude oil, accounting for 3% of the total refining capacity in the United States. The three refineries in Lake Charles, Louisiana, which were severely hit by this hurricane, were completely shut down. They were Citgo, with a refining capacity of 324,300 barrels per day, ConocoPhillips, 239,400 barrels per day and Calcasleu, with a refining capacity of 30,000 barrels per day.


  Affected by the hurricane, the production capacity of about 3.5 million barrels per day (equivalent to 20% of the country’s total refining capacity) was temporarily closed. Among them, the refineries in Port Arthur in eastern Texas and Lake Charles in Louisiana suffered from wind disaster or power failure, and the refining capacity of 1.7 million barrels of crude oil per day completely stopped (accounting for about 10% of the national total refining capacity). And thus triggered a sharp rise in the retail price of gasoline in the southern region.


  Crude oil production and refinery processing capacity in the Gulf of Mexico in the United States


  (Figures as of August 2005)


  Proven reserves of Zhoubie crude oil


  (Million barrels) Ranks crude oil output in the United States.


  (1,000 barrels per day) Ranks the number of refineries in the United States and ranks the processing capacity of refineries in the United States.


  (million barrels) market share in the United States


  USA 148 1712.49


  Texas 4583 2 1073 2 26 1 4.6 26


  Louisiana 452 8 228 5 17 2.8


  Alabama 52 19 20 16 3 0.114


  Mississippi 169 14 47 13 4 0.365


  Georgia nothing 1 0.028


  Florida 68 17 8 20 0 0


  Oklahoma 588 6 171 7 5 0.485


  Arkansas 50 20 18 17 2 0.077


  Subtotal 5962 1565 58.469


  Source: Energy Information Administration of the US Department of Energy, Census Bureau and National Petroleum News "Market Information in 2004".


  As can be seen from the data in the above table, the Gulf of Mexico in South America occupies a considerable share in the US energy market in terms of crude oil production, refinery quantity and processing capacity, and also has a certain impact on domestic and even international oil prices.


  After learning from a painful experience, the US government decided to review the existing oil refining industry mechanism in the United States to find out whether there is monopoly and price manipulation in the industry after consumers were hit by the recent sharp rise in oil prices and complained. To this end, the CEOs of Exxon Oil Company, Shell Oil Company, BP America Company, Continental Oil Company and Chevron Company, which account for 42% of the national oil refining capacity, were invited to attend the Senate hearing to explain why they made profits as high as $32.8 billion in a quarter from June to September 2005.


  In order to cope with the increasing demand for oil products and reduce price fluctuations, members of the Senate and House of Representatives of the United States have proposed new refinery expansion bills, and some have proposed to build new refineries in areas where the unemployment rate is 20% higher than the national average. This will not only achieve the purpose of building refineries, but also increase employment. Some suggest giving preferential tax treatment or tax exemption to attract investors, and some suggest using abandoned military bases as the site of new refineries, which can cause less opposition from nearby residents. However, judging from the current actual situation, a substantial increase in the supply of domestic oil products in the United States can not be achieved overnight. Although the oil supply can be increased to a certain extent by restructuring the refining industry again, combining and expanding existing refineries, improving production processes and processes, even those refineries that have not yet reached full production are limited in their production capacity. The fundamental way to solve the problem is to build a new refinery, but it is expected to face great resistance. The first is the site selection. Many people will agree to build the refinery, a potential pollution source and a "time bomb", in their own backyard. Secondly, it is complicated and time-consuming to apply for relevant permits and obtain approval from competent authorities at all levels. The most important thing is to build a new refinery with large investment, low average profit level and long payback period. The investment in building a new refinery is usually as high as several billion dollars, and even a small refinery needs about one billion dollars.However, the sharp fluctuation of the international oil market price has increased many uncertainties in predicting the investment recovery period and return rate of refineries, which has inhibited the investment desire of potential investors. There is also a recognized view that due to the continuous integration and merger of the oil industry in the past few decades, most small companies with little capital and weak technical strength have been washed out or merged. At present, most of the companies operating in the market are multinational companies, and the market participants in this industry are relatively few, and the competition is not as fierce as other industries. In other words, the monopoly is strong. The rise in oil prices has been expected by these companies for many years, so they will never give up this opportunity to make a lot of money. Building a new refinery will undoubtedly increase competitors and reduce the average profit rate, so there is little interest in these current vested companies.  

Editor: Wang Yuxi

Intensive introduction of "hardcore" measures China’s economy is stable and far-reaching.

CCTV News:Today (December 22nd), a series of exciting news about economy, finance and engineering construction were announced, involving China’s fiscal policy, RMB deposit interest rate, renovation of old residential areas, food security and many other aspects. A series of "hard core" measures have been introduced intensively, and China’s economy is stable and confident.

Data on China’s economic vitality

Lan Foan, Minister of Finance, said at the National Financial Work Conference that in 2024, it is necessary to strengthen the countercyclical and cross-cyclical adjustment of macro policies, continue to implement a proactive fiscal policy, moderately increase efforts, improve quality and increase efficiency. In terms of "moderate afterburner", we will maintain an appropriate expenditure intensity and release a positive signal next year.

Five major commercial banks cut interest rates on RMB deposits

Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank and Bank of Communications announced that they would lower the listing interest rate of RMB deposits from today. Including call deposit, lump-sum deposit and withdrawal, lump-sum deposit and withdrawal, deposit and withdrawal of interest, etc. Among them, the three-month, six-month and one-year time deposits were lowered by 0.1 percentage point, the two-year time deposits were lowered by 0.2 percentage point, and the three-year and five-year time deposits were lowered by 0.25 percentage point.

Shanghai Customs: Shanghai’s total foreign trade value reached a new high in the first 11 months.

In the first 11 months of this year, Shanghai’s total import and export value reached 3.86 trillion yuan, a year-on-year increase of 1.2%, a record high. Among them, exports were 1.59 trillion yuan, an increase of 1.7%; Imports reached 2.27 trillion yuan, up by 0.8%. Shanghai’s integrated circuit field is showing a booming trend of import and export.

In the first 11 months, China’s foreign non-financial direct investment increased by 18.4% year-on-year

1— In November, China’s foreign non-financial direct investment was 814.54 billion yuan, up 18.4% year-on-year. Among them, the non-financial direct investment of Chinese enterprises in building the "Belt and Road" countries was 201.17 billion yuan, a year-on-year increase of 26.8%.

The overall development plan of two cooperation zones in Hengqin Qianhai was released.

Yesterday, the Overall Development Plan of Hengqin Guangdong-Macao Deep Cooperation Zone and the Overall Development Plan of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone were released. According to the overall plan, Hengqin Cooperation Zone should build a new high-level open system integrated with Macao, and constantly improve the new system of Guangdong-Macao cooperation, joint construction, joint management and sharing. Qianhai plays a greater role in deepening Shenzhen-Hong Kong cooperation, supporting Hong Kong’s economic and social development and participating in international cooperation at a high level.

People’s livelihood and well-being

By November, 53,000 old residential areas had been newly renovated.

This year, all localities promoted urban renewal in an orderly manner, and newly started to renovate 53,000 old urban communities. By the end of November, about 66,000 urban renewal projects had been implemented nationwide. Among them, 53,000 old urban communities were newly renovated, benefiting 8.82 million households; Install 32,000 elevators, add 746,000 parking spaces, and add 14,000 community service facilities such as old-age care and nursery; The transformation of urban gas and other pipelines is about 100,000 kilometers.

Engineering construction

Closure of the World’s Largest Span Steel Truss Arch Bridge for Highway and Railway

Today, the Tianxingzhou Waterway Bridge of Changtai Yangtze River Bridge is closed, and the main span of the Waterway Bridge is 388 meters, which is the largest span steel truss arch bridge in the world. Changtai Yangtze River Bridge, with a total length of 10.03 kilometers, connects Changzhou and Taizhou, Jiangsu Province. It is the world’s first river-crossing passage integrating expressways, intercity railways and ordinary highways, and it is planned to be completed in the first half of 2025.

Reconstruction and expansion project of Beijing-Tianjin-Tangshan Expressway (Tianjin section) started.

Beijing-Tianjin-Tangshan Expressway was opened to traffic in September 1993, which is an important traffic trunk line connecting Beijing, Hebei and Tianjin. At the same time, as the starting point of G2 Beijing-Shanghai Expressway, it is also known as the "golden channel" in Beijing-Tianjin-Hebei region. As an important traffic trunk line between Beijing, Tianjin and Hebei, the reconstruction and expansion project of Beijing-Tianjin-Tangshan Expressway (Tianjin section) was officially launched today, and the reconstruction and expansion period is expected to be three years.

Energy supply guarantee

The total installed capacity of renewable energy in China accounts for more than 50% of the total installed capacity of power generation.

In 2023, China’s energy security and stable supply capacity will be steadily enhanced, and the pace of energy green and low-carbon transformation will be accelerated. The total installed capacity of renewable energy continuously exceeded 1.3 billion and 1.4 billion during the year, reaching 1.45 billion kilowatts, accounting for more than 50% of the total installed capacity of power generation in China; Renewable energy generates 3 trillion kWh of electricity, accounting for about one-third of the electricity consumption of the whole society, and has become a new force to ensure power supply. In 2023, the total installed capacity of electricity reached 2.9 billion kilowatts, a year-on-year increase of 12.9%. Among them, the total installed capacity of scenery has exceeded 1 billion kilowatts, and its main position in the newly installed power has been further consolidated.

Daguo granary

Heilongjiang grain production has achieved "20 consecutive bumper harvests"

According to the data of grain output released by the National Bureau of Statistics in 2023, the grain production in Heilongjiang Province has achieved "20 consecutive harvests" with a total output of 155.764 billion Jin. Now, the grain storage and processing enterprises in all parts of Heilongjiang are working at full speed to speed up the acquisition. Up to now, Heilongjiang has acquired 48.94 billion Jin of new grain.

How thick is the land property of developers who have invested heavily in "staking the land"?

    Since the beginning of this year, listed real estate companies have raised more than 100 billion yuan in total through additional issuance, and these companies have been staking huge sums of money in major cities.


    Financing-the issuance of real estate stocks is booming


    According to the data of the National Bureau of Statistics, from January to June in the first half of the year, the housing sales prices in 70 large and medium-sized cities in China increased by 5.6%, 5.9%, 5.9%, 5.4%, 6.4% and 7.1% respectively, showing an overall upward trend. The rising house prices make investors look forward to the future performance growth of real estate listed companies. Poly Real Estate opened at 44.62 yuan on July 2 and reached a stage high of 87.99 yuan on August 27. It only took more than a month, and its share price rose by nearly 100%.


    The good performance of real estate stocks has brought opportunities for listed companies to raise funds through the capital market. In July this year, gemdale issued 173 million A shares, successfully raising 4.5 billion yuan. In August, gemdale announced that it planned to issue corporate bonds of no more than RMB 1.2 billion. In addition, the company also plans to publicly issue no more than 360 million A shares.


    In August, Vanke A-share issuance raised 10 billion yuan, which was the highest single fundraising record in the history of China’s stock market issuance. Later, it was announced again that it planned to issue corporate bonds with a total amount not exceeding 5.9 billion yuan.


    Other companies don’t want to be left behind at all. In August, Poly Real Estate publicly raised 7 billion yuan, and suning universal plans to issue 380 million-420 million shares, raising as much as 11 billion yuan; Qixia Construction, Shennanguang A, and SIIC Development also issued additional issuance plans, raising a total of 7.19 billion yuan …


    According to incomplete statistics, since the beginning of this year, listed real estate companies have raised more than 100 billion yuan by issuing additional shares and placing shares.


    Enclosure-non-stop of listed companies


    What do most listed companies do with huge financing? The Research Report on Competitiveness of Real Estate Enterprises in China released by the State Council Development Research Center on September 16th shows that with the continuous adjustment of national land and real estate financial control policies, real estate enterprises are constantly innovating financing channels, the capital scale is rapidly expanding, and the land purchase area is also increasing.


    Obviously, almost all the financing is put on the land reserve, which can directly push up the company’s future development evaluation.


    Listed companies hold huge sums of money to bid for land plots. As a direct result, land prices across the country keep hitting new highs, and records in Shanghai, Hangzhou, Dongguan, Tianjin, Xiamen and other places are constantly being refreshed, and one by one "land kings" make their debut: Shanghai and suning universal Group won the unit price "land kings" with a floor price of 67,000 yuan/square meter and a sky-high price of 4.4 billion yuan; Wuhan and Shanghai Yuyuan Mall won a piece of land at a sky-high price of 3.502 billion yuan …


    In this regard, many people in the industry are not worried. Because the land king effect not only leads to the rise of land price, but also has obvious pulling effect on house price. There are endless examples of rising prices of surrounding buildings for sale due to rising land prices all over the country. At the Boao Real Estate Forum in August 2007, Chen Qizong, chairman of Hang Lung Group, one of the four largest real estate developers in Hong Kong, warned: "In fact, there has been a phenomenon that’ flour is more expensive than bread’ in mainland land transactions, which means that the price of land is higher than the surrounding housing prices, which is very dangerous."


    Land hoarding-giants occupy a lot of resources


    In recent years, developers have repeatedly commented that the rise in housing prices is mainly attributed to the lack of land supply. The land management department has repeatedly clarified that the land supply is not scarce. What is the truth?


    Although it is difficult for us to know how much real estate enterprises have, they clearly give us the answer in the interim report of real estate enterprises.


    According to the interim report of Country Garden, a real estate company listed in Hong Kong, as of August 15th, the company’s land reserve was 54 million square meters, an increase of 180% compared with 19 million square meters before listing on April 20th, making it one of the largest real estate companies in China. According to the latest announcement of Vanke, the total land reserve of Vanke is 21.57 million square meters, of which the construction area belonging to Vanke’s rights and interests is 18.18 million square meters. And with the completion of Vanke’s 10 billion yuan public offering, it is believed that the investment in land reserve will continue to expand.


    According to the mid-year report, Poly Real Estate had a land reserve of 10.07 million square meters as of July 31. In 2007, China Merchants Property added a land reserve construction area of 1.68 million square meters, and gemdale won five projects in the first half of the year, with a leasable construction area of 2.35 million square meters …


    Ye Jianping, director of the Land Management Department of Renmin University of China and director of the Real Estate Information Center, believes that it is understandable for developers to hoard land on a large scale as an enterprise behavior under the conditions of market economy. From a social point of view, this kind of behavior has certain negative effects, because the scarcity of land brings monopoly to enterprises and forms monopoly prices. Although the statistics of the land department show that the supply of land is very large, the core of the problem lies in how to improve the effective supply of the final product (housing), otherwise, it is easy to form a monopoly of land from government to enterprise. Therefore, he suggested that the competent authorities should adjust by dividing plots and increasing effective supply. At the same time, additional clauses can be added to the land transfer contract to clarify the development cycle, so that the government’s land supply can be quickly transformed into effective supply through management means.


    Professor Liu Hongyu, director of Tsinghua University Real Estate Research Institute, reminded that the greater the land reserve, the greater the risk of future market changes. I hope enterprises can think calmly.


    Worry-linkage of risks in property market and stock market


    According to insiders, most of the land hoarded by developers was acquired before the "August 31 deadline" in 2004. According to the national regulations, after August 31st of that year, the operating land shall not be sold by agreement, and shall be subject to public bidding. Since then, developers have shouted "lack of land" every year. Moreover, with the gradual tightening of bank credit in recent years, the developer’s capital chain is generally tight.


    But in the big bull market, real estate enterprises have innovated financing channels. Compared with the strict examination of bank loans, in terms of high cost, financing from the stock market has low cost, no need to repay capital and interest, and the risks are scattered and passed on to real estate investors, and big real estate developers are of course very happy to do it. As a result, outside the two gates of "credit" and "land", which are strictly controlled by real estate macro-control, real estate giants can finance the enclosure more easily.


    Rising house prices-appreciation of real estate stocks-huge financing enclosure-sufficient land reserves to raise stock prices and high land prices to raise house prices … A circular picture of the stock market, land and property market dancing hand in hand with high prices seems to have emerged in front of our eyes!


    This is a picture worthy of our vigilance. Ye Jianping believes that there are risks involved. At present, enterprises take land at a high price because they can pass on the cost to the market, and some buyers can absorb the rising cost. If the situation changes in the future, the expected cost of land will be out of touch with the actual cost, which may lead to the break of the capital chain of real estate enterprises. This is the risk of real estate enterprises themselves, but it is not terrible. What really needs to be vigilant is the second risk, that is, the risk of the joint financial market, which may lead to the systematic risk of the real estate market gradually shifting to the stock market.


    Liu Hongyu also believes that this cycle has bred huge real estate price risks and stock price risks. Therefore, at present, when house prices and stock prices are at a high level, we must warn of risks and invest rationally. (Shen Yin Zhang Xiangyong)


Editor: Zhang Pengfei

Deng Jun

Personal profile:

Deng Jun, male, was born in December 1964. Party member, CPC. Deputy Chief Physician, Associate Professor, Deputy Director of Department of Dermatology, Southwest Hospital of Chongqing Third Military Medical University, and Master’s Tutor. Master degree.

Medical expertise;

Mainly engaged in clinical and basic research of dermatology, skin laser cosmetology and pigmented dermatosis. He is good at the diagnosis and treatment of pigmented skin diseases such as vitiligo.

Scientific research achievements:

Topic:

1. One general project of the National Natural Fund (experimental study on treatment of vitiligo by reversible immortalized melanocyte transplantation, project approval number 30371299, 2004-2006).

2. Presided over a project managed by the Third Military Medical University (preliminary experimental study of phototherapy for malignant melanoma, 2002-2004).

Results:

1. One third prize for military medical achievements (research and application of autologous transplantation of melanocytes in the treatment of segmental vitiligo, certificateNo.: March 2002-275-1)

Works:

1. Editor-in-Chief < < Laser Beauty and Dermatology Laser Therapy > >/Editor-in-Chief of Tang Jianmin. -Beijing: Military Medical Science Press, April 2000. Chapters 6, 7 and 8, pp. 85-148.

2. Participated in Modern Dermatology and STD Therapy/Ni Rongzhi, edited by Liu Yufeng. -2 Edition.-Beijing: People’s Military Medical Publishing House, 2005.7. (Chapter 11: Skin diseases caused by physical factors, pp. 324-359).

3. Editor-in-Chief < < Beauty Dermatology > >/Zhang Xinjiang, editor-in-chief of Tu Caixia. -Beijing: People’s Military Medical Publishing House, January 2004 (Chapter 13: Viral Dermatosis of Skin, 137-142; Chapter 16 Animal-induced Dermatosis, 162-165)

4. Participate in compiling < < Clinical Dermatology > > edited by Chen Hongduo. (Chapter 12: Warts, Herpes Simplex and Other Viral Infections)

Thesis:

1. A case of malignant histiocytosis with skin lesion. chinese journal of dermatovenereology, 1996; 10(4):221-222

2. Research progress of anti-idiotypic antibodies in autoimmune diseases. Foreign Medical Dermatology and Venereology, 1996; 22(4):213-215

3. Regulation of melanocytes. Foreign Journal of Medical Dermatology and Venereology, 1996; 22(6):334-337

4. Effect of ethyl aromatic verruclate on ultraviolet-induced melanin synthesis in human melanocytes. Chinese Journal of Dermatology, 1997; 30(6):389-391

5. Isolation, culture and identification of human normal skin melanocytes. journal of third military medical university, 1998; 20(4):S18-S20

6.Versapulse C multi-wavelength laser instrument for the treatment of nevus of OTA. Laser Journal, 2000; 21(2):70-71

7. Clinical evaluation of Venus VPW532nm laser treatment for nevus flammeus. chongqing medical, 2000; 29(1):31-32

8. Comparison between Q-shaped alexandrite laser and Q-shaped Nd:YAG laser in the treatment of nevus of OTA. Chinese Journal of Dermatology, 2000; 33(6):430

9. Clinical analysis of 1882 cases of pigmented nevus of skin treated by laser. journal of third military medical university, 2001; 23(8):977-978

10. Comparison between Q- switched frequency-doubled Nd:YAG laser and Q-switched alexandrite laser in the treatment of freckles. Chinese Journal of Laser Medicine, 2002; 11(2):102-105

11. 64 cases of laser blepharoplasty. chongqing medical, 2002; 31(4):307-308

12. Clinical analysis of 952 cases of nevus of OTA. Journal of Clinical Dermatology, 2003; 32(12):707-708

13. A case of lichen planus banded. Journal of Clinical Dermatology, 2004; 33(9):566

14. Killing effect of chlorin e6 photodynamic therapy on human melanoma A-375 cell line. Chinese Journal of Laser Medicine, 2005; 14(6):354-357

Physical intervention characteristics of photodynamic effect of 15.5- aminovaleric acid on human malignant melanoma cells cultured in vitro. China Clinical Rehabilitation, 2005; 9(10):133-135

16. Expression analysis of IFN-γ inducible protein 30 gene in CD4+T cells of systemic lupus erythematosus. journal of third military medical university, 2006; 28(9):919-921

17. Observation on the PDT effect of chlorin e6 and 5- aminovaleric acid on malignant melanoma transplanted in nude mice. journal of third military medical university, 2006; 28(16):1675-1678

18. Acquired skin relaxation. Journal of Clinical Dermatology, 2006; 35(12):755-756

19. A case of basal cell carcinoma occurred after pulsed laser treatment of siltation. Journal of Clinical Dermatology, 2007; 36(3):173

20. Comparison of curative effects of different treatment methods for pigmented nevus of skin. China Cosmetic Medicine, 2007; 16(8):1094-1096

Break dancing has become an official Olympic event, and the formation of the national team has begun to select talents.

       CCTV News:Together with skateboarding, rock climbing and surfing, break dancing has become an official event of the Olympic Games. A few days ago, when IOC President thomas bach announced this decision, it really caused quite a stir. When it comes to break dancing, friends over 40 must have special feelings. In the 1970s and 1980s, break dancing became popular in China. No matter the streets and alleys, as long as the dynamic music rang, there were young people with explosive heads, bell bottoms and open-fingered leather gloves, while stepping on the spacewalk, cleaning the glass with their bare hands and dancing with each other, showing their youthful vitality. In many variety shows at present, break dancing is even more cool, and the limelight is the same.

       [After all] What kind of dance is "Olympic" break dance?

       Break dancing, English name Breaking, is sometimes translated as "floor dancing" because of its classic movements on the ground. From leading the trend of street culture to becoming an official Olympic event, what kind of dance is break dancing?

one

       Hold the ground with one hand, exert your strength instantly, and your body will fly and spin rapidly. The young man who danced like a tornado and looked wild and free was 20-year-old Shang Xiaoyu. As the only break dancer in China, he played in the 2018 Youth Olympic Games, competing with the world’s top players, and finally broke into the top eight.

one

       Break dancing originated from American hip-hop culture in the 1960s and 1970s, and it is a kind of generalized hip-hop. Its symbolic action is that dancers support their bodies with their hands and heads to do rapid rotation and tumbling on the ground, which has the elements of sports competition since its birth, and street cheers are the basis for judging the success or failure of fighting dancing. In 1987, the American film "Break Dance" was released in China, and it was all the rage to take a "spacewalk" with a tape recorder on your shoulder or "clean the glass" in the air. However, these movements are not break dancing.

       Su Jie, Secretary-General of China Sports Dance Federation: "The break dance in the movie is the predecessor of breaking now."

       According to experts, the most obvious feature of break dancing is that athletes are no longer satisfied with expressing music with their bodies, but pursue to explore the limits of the human body in rhythm, and Thomas and handstand rotation have become symbolic movements.

       [Question in the end] There are various forms of street dance. Why can break dance "enter the Olympics"?

       As a competition, break dancing made its debut at the Youth Olympic Games in Buenos Aires in 2018, which also played an important role in promoting its official entry into the Olympics. There are many forms of street dance, so why can break dance "enter the Olympics"?

       Su Jie, Secretary-General of China Sports Dance Federation, said: "One of the strong characteristics of break dancing is that it is very competitive. The form of competition generally appears in the form of fighting dance, that is, one-on-one PK, and the criteria for judging are relatively clear, so it can be the official event of the Olympic Games first."

       In China, break dancing has also become the only dance in the street dance competition of the 2nd Youth Games held in 2019, and China break dancing has officially entered the preparation stage for the 2024 Paris Olympic Games.

       Experts believe that dance presentation, music understanding, dance culture interpretation and innovation may be the scoring points of break dancing after entering the Olympics.

       How to form a national break dance team?

       The reporter learned from the China Sports Dance Federation that the formation of the national break dance team for the 2024 Paris Olympic Games has started, and talent selection has begun. At the same time, the preparation and selection plan has also entered the revision stage and is expected to be announced to the public in the first half of 2021. How to form the national team of break dancing? In particular, everyone is very concerned about whether those stars who are good at break dancing will also have the opportunity to enter the national team.

       Su Jie, secretary-general of China Sports Dance Federation, said: "We will decide who can be selected into our large talent pool by comprehensive standards, not whether he is an performing star or a person engaged in a certain profession. We are based on sports performance."

       According to reports, it takes two steps to form a national team of break dancing. First, a talent pool is established by extensively selecting talents in the whole society, and then the national team candidates are finally determined through a competitive selection mechanism.

       Su Jie, Secretary General of China Sports Dance Federation: "Now the selection method has entered the revision stage, and then it will be reported to the relevant departments for review, and finally we will announce it to the whole society. The announcement time is probably before the first half of next year. "

       [After all] Is everyone suitable for break dancing?

       The door of the national break dance team is open to the whole society. Are you also moved? It is estimated that many parents will be busy letting their children practice again. Is it suitable for everyone to break dance? What should we pay attention to when engaging in this sport?

       In the face of zero-based reporters, Shang Xiaoyu only selected a few simple warm-up professors, but the reporters still found it difficult to control.

       Wang Hong, a professor at Beijing Sport University and a member of the "Source News" expert database of the China Association for Science and Technology, said: "Many movements really violate some concepts of traditional sports training, and the risk of injury is great. Some movements of flexibility and explosive force may be harmful to a child who does not grow well, to the development of his bones or to his ligaments, for example, to the lumbar spine. If children and young people want to do this kind of action, you must first practice basic physical fitness and special physical fitness before you can rise to the level of technical training. "

       Shang Xiaoyu, the only player of the China team in the break dance event of the 2018 Youth Olympic Games, said: "Don’t always focus on these rotations and difficult movements. In fact, breaking is more interesting in its dance."

       [After all] Although break dancing is cool, can everyone try it?

       Finally, I would like to remind you that although break dancing is cool, its difficult movements such as tumbling, handstand, head turning and Thomas require very high strength, flexibility and coordination. Don’t try rashly if you don’t have a certain physical quality. Especially parents and friends, all want to build a handsome baby, but break dancing is fierce and difficult, and it is not suitable for children who are too young to learn, so as not to get hurt.

Summary of Haval’s new H8/Zotye T700 and other vehicles listed in May

  [News] Just now, the auto market has just experienced a wave of new car listings, and May was relatively calm. However, there are also many brand-new cars that didn’t "join in the fun" at the auto show. The new cars listed this month include the new H8 and a series of new cars of China brand, which originated from Italian personality and were born and raised in Italy. In terms of quantity, China brand new cars were the main force in May, while in terms of attention and influence, it seems that overseas brands are more like protagonists. Let’s take a look.

Home of the car

■ Alfa Romeo Stelvio

  The Alfa Romeo Stelvio ordinary model has just been exhibited at the Shanghai Auto Show, and its domestic price is expected to be announced on May 18th, with an estimated price of 430,000 yuan.

Alfa Romeo Stelvio 2017 Basic Model

  The front face of the new car adopts Alfa Romeo’s family-style front face, and the grille arranged in scales is used inside the air intake. The shape of the headlights on both sides is similar to that of the new one, but some changes have been made on the basis of the latter to make it more dynamic.

Alfa Romeo Stelvio 2017 Basic Model

  As a regular model, the car did not use a bilateral four-outlet exhaust layout that showed performance, but instead used a bilateral two-outlet exhaust layout with chrome decoration. At the same time, the silver Alfa Romeo Stelvio 2017 basic color guard at the back also adds a touch of wildness.

Alfa Romeo Stelvio 2017 Basic Model

Alfa Romeo Stelvio 2017 Basic Model Alfa Romeo Stelvio 2017 Basic Model

  Compared with the previous high-performance models, the design of Stelvio regular model has not changed much, but its interior does not use a lot of carbon fiber materials. At the same time, although the style of the steering wheel of the new car has not changed, the leather material wrapped outside is more low-key, but the design of flat bottom+thin spokes+one-button start is still very avant-garde and sporty. In addition, shift paddles, central control large screen and double-tube instruments are also equipped on the new car.

Alfa Romeo Stelvio 2017 Basic Model

  In terms of power, Stelvio Normal Edition is equipped with a 2.0T inline four-cylinder with a maximum power of 280 HP and a peak value of 400 Nm. The transmission system is matched with an 8-speed automatic manual transmission, and a four-wheel drive system is standard. Driven by this powertrain, the official 0-100km/h acceleration time of the new car is 5.7 seconds.

Editor’s comment:

  Alfa Romeo Stelvio’s unique style is unique in the same class, and SUVs from Italy are relatively rare in the market, which has a strong sense of freshness for consumers. The performance of the new car is also remarkable. The power parameters of the 2.0T engine used are in the forefront of the same class. The official acceleration of 5.7 seconds should be said to be a faster type in SUV, and the performance is worth looking forward to. The new car is suitable for young consumers who have certain requirements for power handling performance and like to be different and show their individuality.


T700

  Zotye T700 was officially released at the Shanghai Auto Show, and will be officially launched in May. In the early stage, 1.8T and 2.0T versions were listed, and only 5 seats were available. At the end of 2017, the 2.0T version of SAIC will also be launched, and the 4-seat version and 7-seat version will also be launched.

Zotye Auto Zotye T700 2017 Basic Model

Zotye Auto Zotye T700 2017 Basic Model Zotye Auto Zotye T700 2017 Basic Model

  In terms of appearance, Zotye T700 retains the original design style, and at the same time, some details are adjusted, such as the more conventional design of the exterior rearview mirror. The new car door pillar is painted in black to create a suspended roof effect, and the lines are very tough. In addition, the new car is also equipped with a set of simple double five-spoke wheels, and the headlights are also equipped.

Zotye Auto Zotye T700 2017 Basic Model

  For the interior, Zotye T700 is equipped with a large-size central control LCD screen, a three-spoke, all-LCD display instrument panel, shift paddles, and a knob shift mechanism. In the storage compartment in front of the gear shifting mechanism, the new car is also equipped with a mobile phone wireless charging function, and drivers and passengers can put the mobile phone supporting the wireless charging function in the storage compartment to charge at any time.

Zotye Auto Zotye T700 2017 Basic Model

Zotye Auto Zotye T700 2017 Basic Model Zotye Auto Zotye T700 2017 Basic Model

  In terms of configuration, Zotye T700 is equipped with:/ventilation,,, and rear row, etc., and the configuration is quite rich.

Zotye Auto Zotye T700 2017 Basic Model

Zotye Auto Zotye T700 2017 Basic Model

  In terms of power, Zotye T700 will be equipped with 1.8T and two 2.0T engines, of which the 1.8T engine has a maximum power of 177 HP and a peak torque of 245 Nm. Mitsubishi S4T 2.0T engine has a maximum power of 190 HP and a peak torque of 250 Nm. The maximum power of SAIC 2.0T direct injection engine is 220 HP and the peak torque is 350 Nm. In terms of transmission system, the 1.8T engine is matched with 5-speed manual or 6-speed; The two 2.0T engines are matched with 6-speed dual-clutch gearboxes.

Zotye Auto Zotye T700 2017 Basic Model

Edit comments

  Zotye T700 positioning, at least, looks imposing enough. The design also adopts the style of wide air intake grille and slender headlights. Although we can learn from the design of mature products in the market in many details, we can see that there are signs of originality in the overall style. Naturally, there is no need to worry that Zotye’s models will be inferior to competing products of the same level. The large-size central control screen, full LCD instrument panel and knob shift mechanism have all enhanced the sense of technology in the car. In terms of power configuration, it also looks like the mainstream models at the same level. The 1.8T and 2.0T engines do not lose competing products at the same level in terms of parameters. Although Zotye T700 is listed later than GS8 and other competing products, its configuration is not inferior, and it is expected to adopt the strategy of low price and high allocation to impact the market at a lower price.


S7

  Jianghuai Ruifeng S7 is expected to be officially launched in May this year. The pre-sale price of the new car was announced at the Shanghai Auto Show. The new car is equipped with 1.5T and 2.0T engines, and its pre-sale price range is 109.8-151.8 million yuan. At present, new cars begin to accept reservations, and orders made during the pre-sale period can enjoy the policy of lifetime warranty, and there are concessions such as upgrading 5 seats to 7 seats.

Jianghuai Automobile Ruifeng S7 2017 1.5T automatic comfort type

JAC Automobile Ruifeng S7 2016 Basic Model JAC Automobile Ruifeng S7 2016 Basic Model

  In terms of appearance, the overall design of Ruifeng S7 is eye-catching, the irregular air intake grille is the biggest highlight, the Aquarius design is a new family style, and the chrome trim connected with headlights is also the mainstream of current design. A large number of sharp lines are also used at the rear of the car, and the exhaust design of both sides enhances the sports atmosphere. In terms of body size, the length, width and height of the new models are 4790/1900/1760mm and 2750mm respectively.

Jianghuai Automobile Ruifeng S7 2017 2.0T automatic luxury intelligent type

Jianghuai Automobile Ruifeng S7 2017 2.0T automatic luxury intelligent type Jianghuai Automobile Ruifeng S7 2017 2.0T automatic luxury intelligent type

  In terms of interior design, the style of Ruifeng S7 can be seen in the series style, especially the center console part and the circular air outlet design. In terms of power, 1.5T and 2.0T engines will be provided. The maximum power of 1.5T engine is 174 HP and the peak torque is 251 Nm; the maximum power of 2.0T engine is 190 HP and the peak torque is 300 Nm. Both engines will be equipped with 6-speed and 6-speed dual clutch gearboxes.

Jianghuai Automobile Ruifeng S7 2017 2.0T automatic luxury intelligent type

Jianghuai Automobile Ruifeng S7 2017 2.0T automatic luxury intelligent type

Editor’s comment:

  Ruifeng S7 seats are basically at the middle level of the same class in terms of body size, and 7-seat models are provided at the same time, which are basically the same as the same class models in configuration. From the pre-sale price, Ruifeng S7 is basically close to the price one level lower, with low price advantage in the same level, configuration and space advantage in the same price range, and it has gained a place in the market between compact and medium-sized SUVs by dislocation competition. Ruifeng S7 is suitable for consumers who pay attention to large space and high cost performance, and it is one of the few medium-sized SUVs in the price range below 150,000.

German patented probiotics can eliminate Helicobacter pylori. How should ordinary adults, pregnant women and children choose?

Is there absolute honesty in this world? There must be, like our bodies. We will feel happy when we are happy, and our bodies will send out signals when we are sick. One person has two chopsticks, three meals and four seasons, and the original pace of life is often disrupted. It is not easy to eat well, and it is even harder to live a poem.

Every time, when we feel stomachache, dull pain, acid reflux, nausea, vomiting, fullness, etc., it is the stomach that tells us that it is uncomfortable. At this time, doctors usually recommend a test for Helicobacter pylori. Helicobacter pylori (Hp) is a spiral, micro-anaerobically parasitic bacterium in the stomach, which adheres to the gastric mucosa and intercellular space. It was discovered by Australian scientists in 1983 and is a microorganism known to survive in the human stomach. Helicobacter pylori infection is one of the most common bacterial infections. At present, the infection rate in China is over 50%.

The World Health Organization has clearly listed Helicobacter pylori as a first-class carcinogen, and the risk of gastric cancer of carriers is 4-5 times higher than that of ordinary people. At this time, active treatment, early prevention and early treatment, is very important for the health of the stomach. In China, Helicobacter pylori infection is still dominated by antibiotic therapy "triple therapy" and "quadruple therapy". However, the side effects of antibiotics in the treatment process are often unbearable, and the eradication rate of antibiotic therapy is also decreasing year by year. However, in the western European market dominated by Germany, people began to take oral specific probiotics as the main prevention and treatment means to eliminate Helicobacter pylori in the stomach.

If we look closely at the different products of Helicobacter pylori in the German market, it is not difficult to find that almost all of them are top-grade raw materials with the leading technology of microbial fermentation by Novozymes, and they are manufactured by controlled equipment, achieving the highest polymerization power. After fermentation, cells were collected, suspended with matrix and spray-dried at low temperature. With a hundred schools of thought contending, what’s the difference?

Option 1: Germany Pylopass Mono probiotic capsules.

First of all, PYLOPASS is the name of the raw material, which is the patented strain mentioned above. Because it was discovered and named soon, the trademark name was still marked with TM. Sinoplasan, the manufacturer, calls the mono version a low-grade version, because relatively speaking, mono only contains the effective ingredient of Lactobacillus reuteri patented by Pylopass, and they call it the Pylopass Forte advanced version, which contains vitamin B12 and olive leaf extract in addition to the probiotics, claiming that it has the function of nourishing the stomach.

Vitamin B12 deficiency is mostly caused by malabsorption, and dietary vitamin B12 deficiency is rare, except for perennial vegetarians. The effect of olive leaf extract on nourishing stomach is not clear.

60 capsules in a small bottle are for one month, and 180 capsules in a large bottle are for three months.

China: It’s on sale at a certain treasure, and the price is a bit confusing. There are 60 small bottles ranging from 280 to 550.

Applicable people: adults

Option 2: Germany Pylocura Peroku Probiotic Capsule.

There is no obvious difference in composition and administration method between Pylocura and the above Pylopass Mono. Pylopass patented Lactobacillus reuteri, an effective ingredient, is used, and the content of effective ingredients in each capsule is the same (200mg), and each bottle is 60 capsules, two capsules a day, and each bottle is taken for one month.

Retail price in Germany: 59.95 euros/bottle

China market retail price: 520 yuan RMB/bottle.

Applicable people: adults

Option 3: Germany Pylosan probiotic capsules

The effective components of Pylosan probiotic capsules are patented lactobacillus reuteri, zinc and vitamin B12. Among them, the content of Lactobacillus reuteri patented by Pylopass is the same as that of the previous products (both 200mg), the content of zinc is 5mg, which is about one third of the recommended daily intake (for adults), and the content of vitamin B12 is 1,25 &mu; g。

In addition, the outer packing has changed-it is boxed instead of bottled. Each box contains 60 capsules, 2 capsules a day, and one box is the dosage for one month.

German retail price: 35.32 euros/box.

Retail price in China: Not available at present.

Applicable people: adults

Youcuimei is the own brand of Heide Apotheke Hyde Pharmacy in Germany, and only their family divides this probiotic into two types: adults and children. Let’s start with the adult-type excellent PYLOMED AKUT probiotic candy chewable tablets.

The core component is also Lactobacillus Roy patented by Pylopass, and the effective component content is the same as that of the previous products (both 200mg). 60 tablets per bottle, 2 tablets a day, can be chewed like candy, and after eating, the mouth will have a slightly sweet taste and a fresh lemon mint aroma. In addition, as a candy chewable tablet, Xylitol is also added to Yosemite PYLOMED AKUT, which can clean the mouth, reduce bacteria and prevent dental caries.

Retail price in Germany: 39.95 euros

Retail price in China market: 328 yuan.

Applicable people: adults

Look at the version specifically for children-Germany Youcuimei Pylomed Mini probiotic candy chewable tablets:

The core ingredient is also the patented Lactobacillus reuteri of Pylopass, but the content is designed for children, which is half of the adult version (100mg). Xylitol has also been added to the Children’s Edition of Yosemite PYLOMED MINI, which can prevent tooth decay, which is very important for sweet children.

The packaging itself is much more lively than the adult version, and two big cherries also represent its sour and sweet taste.

Applicable people: children over 3 years old.

However, in the above optional products, there is no mention of what products mothers should choose during pregnancy and lactation. After comparison, Xiao Bian found that only Youcuimei Pylomed Akut probiotic candy chewable tablets were explicitly mentioned in the packaging of the above products. It says: Use with caution during pregnancy and lactation, please follow the doctor’s advice. The reason is that this product has not been studied in Germany for pregnant and lactating women, so there is a lack of relevant data. This also shows the rigor of the Germans from a specific angle.

In view of such a common infection of Helicobacter pylori, we should adhere to "correct understanding" and "early screening and early treatment", and the treatment plan and taking products should follow the advice of professional doctors. For people who meet any of the following five conditions, it is recommended to do Helicobacter pylori screening as soon as possible:

1. He is over 30 years old and has never done early screening.

2, frequent stomach pain, bloating, acid reflux, nausea, hiccups, vomiting, nausea, black stool and other symptoms.

3. The family has a history of stomach trouble or gastric cancer.

4. I have a history of gastropathy such as gastritis, gastric ulcer and duodenal ulcer.

aboutPylopass patent Lactobacillus reuteri DSM 17648References:

1 Mehling H &Busjahn A. (2013) Non-viable Lactobacillus reuteri DSMZ 17648 (Pylopass) as a new approach to Helicobacter pylori control. Nutrients 5: 3062&ndash; 3073

2 Holz C et al. (2014) Significant reduction in Helicobacter pylori load in humans with non-viable Lactobacillus reuteri DSM17648: A pilot study. Probiotics &Antimicro. Prot. 7: 91&ndash; 100

3 Bordin DS et al. (2016) Efficacy and safety of Lactobacillus reuteri DSMZ 17648 in Helicobacter pylori infection with no indication for absolute eradication therapy. Therapist 5: www.lvrach.ru

4 Buckley M et al. (2018) The effect of Lactobacillus reuteri supplementation in Helicobacter pylori infection: a placebo-controlled, single-blind study BMC Nutrition (2018) 4:48 https://doi.org/10.1186/s40795-018-0257-4

Disclaimer: This article is reprinted by our website, aiming to provide readers with more news information. The contents involved do not constitute investment and consumption suggestions, and are for readers’ reference only.

[Editor: Zhong Jingwen]

Silicon Valley is "very cold"! Google, Microsoft, Amazon … 10,000-person layoffs

  Zhongxin. com, February 4th (reporter Xie Yiguan from Zhongxin Finance and Economics) "Capitalism is ruthless. When recruiting people, it is talent, and when layoffs are made, it is a data point in the database, which is selected by random procedures &lsquo; Lucky Goose &rsquo; 。” The Google employee from Singapore recently received a notice of layoffs.

  Since last year, a storm of layoffs in Silicon Valley, which spread from the San Francisco Bay Area in the United States, has left tens of thousands of employees of technology companies facing the fate of unemployment. Once "high salary" and "high welfare", now with a notice, all went up in smoke.

  Google, Microsoft, Amazon &hellip; &hellip; 10,000-level layoffs!

  On January 20, Google CEO Pichai announced in a letter to employees that he would lay off about 12,000 people worldwide. According to foreign media reports, the layoffs are the largest layoffs in the company’s history, accounting for about 6% of its total global employees.

  Video: Google employees protest against mass layoffs and low wages Source: China News Network

  When Google, known as the "Silicon Valley Nursing Home", joined the layoff team, many employees of technology companies felt the biting "cold".

  Not only Google, but also American technology giants Microsoft and Amazon have also launched tens of thousands of layoffs.

  Microsoft recently said that it will lay off 10,000 people before March 31; Amazon also recently mentioned that it will lay off more than 18,000 people, which is also the largest layoff in the company’s history.

  When people are still in shock, PayPal, an electronic payment giant, announced at the end of January that it would lay off 2,000 full-time employees worldwide in the next few weeks.

  If the timeline is lengthened, this wave of "layoffs" of technology companies began to ferment in the first half of last year and reached a peak in November last year. In that month, Twitter fired about 50% of its employees; Meta announced 11,000 layoffs; Amazon says it will lay off about 10,000 people &hellip; &hellip;

  A Meta employee who saw the layoffs in Silicon Valley in November 2022 said, "The psychological shock is particularly strong, and I really experienced the recession and layoffs for the first time."

  According to the data of Layoffs.fyi, which tracks the layoffs of technology companies, in 2022, 1,040 technology companies laid off employees and nearly 160,000 employees were fired. According to the data of Challenger, Gray&Christmas, an American employment consulting company, in November 2022 alone, the technology industry announced 52,771 layoffs, setting a record since the company began to count relevant data in 2000.

  In 2023, the "storm" of layoffs is even more fierce. Layoffs.fyi website shows that in the first month of 2023, more than 200 technology companies laid off employees and more than 80,000 employees were dismissed.

  "Although fortunately from layoffs &lsquo; Hunger Games &rsquo; I survived, but it is still very thrilling to think about it. This wave of layoffs feels much harsher than the last wave. " A netizen working in the United States recently said.

  The layoffs of technology companies have also caused the problem of foreign employees’ status in the United States.

  Chen Chuanchang, a Chinese software engineer who has worked for a technology giant in Silicon Valley for more than 10 years, said that in this round of "layoffs", young people who have been laid off are under greater pressure. Because of their lack of qualifications, these people have no advantage in the labor market. Some of them work in the United States with H-1B visas. If they can’t find jobs within two months, they will leave the United States. Even if some companies are still recruiting, the scale is limited. Some young people find it difficult to find the right opportunity.

  Why do technology giants choose to lay off employees?

  In the early stage of COVID-19 epidemic, technology enterprises used to make great strides with their own advantages, and started large-scale recruitment activities. Why are these technology companies now on the road of layoffs?

  "I was wrong, and I am responsible for it." Mark zuckerberg, CEO of Meta, told about the layoffs, "At the beginning of the epidemic, the world quickly turned online, and the surge in e-commerce brought huge income growth. Many people predict that this will be a permanent acceleration and will continue even after the epidemic is over. I think so, too, so I decided to increase my investment substantially. Unfortunately, things didn’t go as I expected. E-commerce has resumed its previous trend, and the macroeconomic downturn, intensified competition, and declining advertising business have led to far lower income expectations. "

  Not only Meta, but also combing the reasons given by technology companies for layoffs, the economic downturn, over-employment, high inflation and high interest rates under the epidemic have become "high-frequency words".

  "The early development of technology companies is a bit too fast, and there is a certain blindness. After excessive expansion, there may be an adjustment process; The strengthening of global control has also led to a decline in profits of multinational technology companies. " Chen Fengying, a researcher at China Institute of Contemporary International Relations, told the China-Singapore Financial Reporter that the contraction of the world economy and the tension in international relations have also affected the development of multinational companies.

  Xu Hongcai, deputy director of the Economic Policy Committee of the China Policy Science Research Association, also said, "Although there are internal reasons for layoffs, in general, because of the global economic downturn, the days of enterprises are not good."

  The "locomotive" aura is no longer, and the US economy will enter a recession?

  “&lsquo; The wave of layoffs &rsquo; Reminiscent of the Internet bubble at the beginning of this century. " Reuters reported that from 2000 to 2003, cheap funds, high investor expectations and abundant cash flow gave birth to a huge bubble in the technology industry.

  Nowadays, the large-scale shrinkage of many technology companies means that the technology industry, which has experienced strong expansion for many years, will face recession?

  "At present, the living environment of science and technology enterprises has undergone tremendous changes, and unlimited expansion has also been restricted. Under the new situation, how to break through new technologies and how to expand new markets has become a new problem." However, in Chen Fengying’s view, "this does not mean that the technology industry is going into recession, but that technological innovation has reached a bottleneck stage and there must be a breakthrough."

  As the strongest "locomotive" of the American economy for many years, does this wave of layoffs initiated by technology companies in the San Francisco Bay Area also indicate that the American economy will decline?

  According to CNBC (American Consumer News and Business Channel), economists believe that although these layoffs are sudden and undoubtedly destructive to the affected people, they do not indicate a wave of layoffs in the economic recession.

  Nella Richardson, chief economist of ADP, said that a more important indicator of the impending economic recession is the decrease in the employment of temporary workers and the increase in layoffs, especially in manufacturing.

  Nella Richardson said that at the end of 2022, an index measuring factory activity in the United States contracted for the first time since 2020, and "manufacturing is usually the place where the recession begins". (End)

Review "I am a doctor" and "Yuan Longping" and express your grief with light and shadow!

1905 movie network news On May 22nd, it rained heavily at night in Beijing. The weather in every city seems to be not very good, either rainy or stormy.


On May 22nd, 2021, Yuan Longping, the "father of hybrid rice", died at the age of 91.On May 22nd, 2021, Wu Mengchao, the "father of hepatobiliary surgery in China", died at the age of 99.


On May 22, the Republic lost two academicians in one day, and we lost two shining stars engraved in textbooks from childhood to adulthood in one day. For a time, the whole country mourned, and it seemed that even the weather was whispering or crying for the departure of the two academicians.


It’s a long life for two academicians to leave at the age of two, but people seem to cry even when they think about it. Everyone knows that people’s life will end in death, but they may never realize that Grandpa Yuan Longping and Grandpa Wu Mengchao will also face these problems. They are like the guardians of life and health, guarding us for a long time, so that we forget that they will leave.



Their contribution is so great, but they are so approachable.


Although we have never met, we picked up a bowl of rice and saw the smell of rice and flowers blowing in the wind. It seemed that Grandpa Yuan Longping was standing in the rice field and waving to us.


Before May 22nd, there was not a medical student who didn’t know Wu Mengchao, but from that day on, others who didn’t study medicine also knew that there was an academician named Wu Mengchao, who led the exploration of hepatobiliary surgery in China from scratch to perfection. He said: "children, there is no shortage of experts and authority in this world. What is lacking is a’ person’, a person who is willing to give himself out."


On May 22 and May 23, the film channel "Classic Frequent Transmission and Online Film Screening Activity" broadcasted movies five times in succession to commemorate the two academicians. This issue of "Today’s Film Review" will also combine these two films, and together with Li Zhen, a researcher at the China Film Archive, once again cherish the memory of the two guoshi.



After watching the movie Yuan Longping, Li Zhen said: "This film can be said to recognize all kinds of frustrations that Yuan Lao has experienced on the road of scientific research and all that he has paid in the process of pursuing his dreams from the perspective of sensibility."


This film, in which Yuan Lao himself participated, tells the story of Yuan Longping’s scientific research from the 1950s to the present. "This film has selected several important moments that are very representative. On his scientific research road, in the 1950s, 1960s, 1970s and 1980s to today, he faced different situations and had great difficulties. But we can see that for a person who really pursues science and truth, once he has a goal in his heart, all difficulties are floating clouds and nothing can stop him. "



Yuan Longping has fed more than thousands of people with his hybrid rice technology. He made the 1.4 billion people in China know what it was like to have enough food and clothing, and countless foreign media also remembered him and praised him for "helping to feed the whole world". And such a great man is serious about his major, but not about life. On the contrary, he is very romantic.


"People who may not know him will know that he is a scientist and an agricultural scientist, but those who have read his information will find that Yuan Lao’s life is particularly colorful. For example, when he was in high school, he was already a good sportsman. He participated in the provincial sports meeting in Hubei province that year, and he was the second in self-swimming. Of course, everyone knows that he plays the violin very well. When he plays the violin, I think it may be helpful to relieve his depression or get this scientific research inspiration. "



At the end of the film, Yuan Lao tells his dream to a foreign friend in English. Romantic dreams are romantic, too. Yuan Lao’s dream of enjoying the cool under the grass may be just a dream now, but who can be sure that there will be no successor to fulfill his prosperous wish?


On May 22nd, another academician left us five minutes earlier than Academician Yuan Longping. He is Academician Wu Mengchao, the "father of hepatobiliary surgery in China".


With his research on hepatobiliary surgery, Wu Mengchao has created countless firsts in the field of hepatobiliary surgery in China and even in the world. He reduced the mortality rate of hepatobiliary surgery to 0.3%, and treated about 16 thousand patients in 78 years. His name was printed on the cover of the book Surgery, which trained and guided countless medical students studying hepatobiliary surgery. I am a doctor is a biographical film based on Academician Wu Mengchao.


Wu Mengchao in the film, who is over 90 years old, still sticks to the operating table. In reality, on August 31st, 2018, 96-year-old Wu Mengchao still picked up a scalpel on his birthday. The word "the benevolent heart of the doctor" has been vividly reflected in him.


In the movie, Wu Mengchao said, "What kind of people are we doctors &mdash; &mdash; People who never give up. " In reality, it is obvious that he is old enough to retire, but he sticks to the patient’s bed. Been a doctor for 78 yearsWu Mengchao’s fingers were obviously deformed because he held the scalpel for a long time. His fingers were no longer similar to others, but they became the most suitable shape for the scalpel.



Dong Qing mentioned in "The Reader": "Between the square inches of the liver, he seems to be an old horse, carrying patients across the river."Li Zhen, a guest in this issue, lamented: "A real scientist does not mean that he has scientific research ability, but that he has morality and heart for the world, and then he has his philosophy."



Grandpa Yuan Longping left, but the seeds he left will take root and continue to feed this land; Academician Wu Mengchao has passed away, but his kindness and benevolence will illuminate the way forward for every later person.


The stars that guided our generation have fallen, but some people in our generation who have been guided by them will eventually grow into new stars. The sun rises and sets in the west, and the stars light up slowly. No one will always illuminate us, but someone will always illuminate us, for the motherland, for the people and for us.


"The great man of chivalry is for the country and the people". We cherish their memory with movies, but I believe what they want to see more is the realization of the dream of enjoying the cool under the grass, and the death rate of hepatobiliary surgery can be reduced to 0%. Academicians have taken a big step for us, and the rest of the road still needs to be taken by ourselves, but the spirit they left behind will always inspire us and strive to be like them.


On May 22nd, the two statesmen left together, and the whole country mourned. In the days to come, the Republic will not forget, the people will not forget, and we will not forget that the spirit that belongs to the backbone of the two academician countries will never die.