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After 20 years, the advantage of the marine economy has become the leading power-Zhejiang’s practice of prospering to the sea

　　Hangzhou, Nov. 24 (Xinhuanet)-The length of coastline ranks first in China, and the number of islands ranks first in China. This is the natural advantage given to Zhejiang by the ocean, and it also makes the concept of coordinating land and sea and developing marine economy deeply rooted in Zhijiang.

　　The freighter docked at Chuanshan Port Area of Zhoushan Port in Ningbo to load and unload goods. Xinhua News Agency reporter Weng Yushe

　　The vast East China Sea stands bravely at the head of the tide.

　　"Give full play to the advantages of Zhejiang’s mountain and sea resources, vigorously develop the marine economy, promote the leap-forward development of underdeveloped areas, and strive to make the development of marine economy and underdeveloped areas a new growth point of Zhejiang’s economy", which is one of the important contents of the "Eighth Five-Year Strategy" made by the Fourth Plenary Session of the Eleventh Zhejiang Provincial Committee in July 2003. The Zhejiang Ocean Economic Work Conference held in August of the same year officially kicked off Zhejiang’s accelerated construction of a strong marine economy province.

　　In the past 20 years, Zhejiang has anchored its goals, pursued the road of high-quality development of marine economy, and formed a good pattern of marine economic development with the construction of a world-class marine port as the guide, the construction of a modern marine industrial system as the driving force, and the strengthening of marine science and education and the construction of ecological civilization as the support.

　　Prosperous to the sea, the blue channel expands its opening up.

　　More than 1000 years ago, porcelain produced in Longquan, Zhejiang Province was at an important node of the Maritime Silk Road — — Wenzhou Shuomen ancient port changed ships to go to sea and go to the world; Nowadays, Brazilian iron ore, Australian wheat, Argentine corn, Yiwu small commodities and Ningbo mechanical and electrical products all meet in Zhoushan Port, Ningbo. At the side of the huge ship full of imported and exported goods in the middle of the night, steel machines and workers have a tacit understanding.

　　The port is the hub connecting land and sea, and a series of blue passages on the sea have become the new growth pole of Zhejiang, a small province with land resources. The cargo ships, trucks and busy cranes coming and going show the pulse and surging power of the economy. In 2022, the cargo throughput of Zhoushan Port in Ningbo exceeded 1.25 billion tons, ranking first in the world for 14 consecutive years; The container throughput reached 33.35 million TEUs, ranking third in the world.

　　Ningbo Zhoushan Port passes through the dock of Zhoushan Port Area. Xinhua News Agency reporter Wei Yijun photo

　　Relying on the port and dock logistics, Zhoushan has established a large-scale grain and oil industrial base integrating various service functions such as bulk grain and oil transit logistics, warehousing and processing transactions.

　　At the Laotangshan Phase III Wharf of Zhoushan International Grain and Oil Industry Park, the bulk carrier Yunlong Feng, carrying 63,000 tons of Brazilian soybeans, is unloading, slimming down and sailing into the Yangtze River for Taizhou, Jiangsu.

　　Laotangshan Port Area is the largest grain entry port in East China and the throat of grain import in the Yangtze River Basin. At present, there are more than 40 grain and oil processing, warehousing and logistics trade enterprises in the park, with an annual grain processing capacity of 2.8 million tons. In 2022, the import grain transit logistics volume will reach 25 million tons, accounting for 17% of the national imported grain.

　　From logistics to industry, the development of Zhoushan International Grain and Oil Industrial Park has become a microcosm of Zhejiang’s prosperity to the sea. According to statistics, Zhejiang’s total marine production increased from 58 billion yuan in 2002 to 1,035.5 billion yuan in 2022, with an average annual growth rate of 15.5%, and its marine economic strength ranked first in the country.

　　In the past 20 years, Zhejiang has made full use of the advantages of port logistics, continuously enlarged the advantages of "sea", continuously accelerated the development of large ports, built large passages, developed large logistics, and formed Ningbo — Zhoushan deep-water port is the hub, Wenzhou, Jiaxing and Taizhou ports are the backbone, and the coastal port system, modern logistics system and industrial system closely related to port logistics are based on various small and medium-sized ports.

　　In 2021, Zhejiang Province issued the "Fourteenth Five-Year Plan" for the development of marine economy, aiming to cultivate a modern port and shipping logistics service cluster with a level of 100 billion. By 2035, it will form a port-facing industrial cluster with great international influence and build a world-class strong port.

　　Construction site of girder erection of Jintang Bridge over Binhai Interchange in Ningbo Phase I of Hangzhou-Ningbo Double Track. Xinhuanet issued Yao Feng photo

　　Waterways are developing, and land is also being opened up. From Zhenhai, Ningbo to Zhoushan, Jintang Bridge, Xihoumen Bridge, Taoyaomen Bridge and Fuchimen Bridge are connected along the way, which makes Zhoushan change the history of "hanging an island on the sea".

　　On December 29th, 2021, the main channel project of Ningbo Zhoushan Port was completed and opened to traffic. The construction mileage of Zhoushan Liandao Expressway reached 74 kilometers, spanning 8 islands, making it the longest Liandao Expressway and the largest cross-sea bridge group in China. At present, the construction of Ningbo-Zhoushan Railway is also under intense progress, and the completion of this railway will end the history of Zhoushan’s impassable railway.

　　The land and sea corridor is "one connection and one hundred connections", and major infrastructure projects related to the overall situation have been completed one by one, and the cornerstone supporting the leap-forward development of the blue economy has become more and more stable.

　　Stronger to the sea, the upgrading of traditional industries.

　　In the southern waters of Zhoushan Archipelago, an island with a land area of 140 square kilometers — — Liuheng Island is experiencing the upgrading of the traditional marine economic industry.

　　"Three of the top ten shipyards in the world are gathered in Liuheng Island." Yan Haibin, director of the Shipbuilding Industry Department of Zhoushan Economic and Information Bureau, said that ship repair is an important pillar industry in Zhoushan and a traditional marine economic industry. Zhoushan currently has the capacity to build 7 million deadweight tons and repair 3,000 ships of various types with an annual capacity of more than 10,000 tons. The number of ship repairs for five consecutive years accounts for more than one third of the country.

　　However, the shipbuilding industry has always been burdened with the reputation of "3D" (Dangerous, Difficult and Dirty). "In the past, the oil pollution in the shipyard was relatively heavy, and the dust generated by the ship repair method of sandblasting and derusting was particularly high." Wang Junting, the head of Zhoushan Xinya Shipbuilding Co., Ltd., which ranks among the top in the world in 2022, said that transformation and upgrading is the only way to continue to be strong.

　　All shipyards on Liuheng Island have challenged the traditional production and operation methods of ship repair, and comprehensively started the reform of sand blasting and rust removal alternative technology.

　　Walking by the dock of Zhoushan COSCO Shipping Heavy Industry Co., Ltd., workers can be seen everywhere, either operating the handle or manipulating the crane truck. By controlling the ultra-high pressure water jet derusting equipment through the terminal, there is no rolling dust or pungent smell, and there is no large amount of residual iron sand at the dock bottom, so the dirt and rust attached to the hull of the ship plate are removed.

　　"The transformation of operation mode has brought greater economic benefits, the unit operation efficiency has increased by nearly three times, and more than 42,000 tons of copper ore have been saved in one year." Zhou Jianhua, general manager of Zhoushan COSCO Shipping Heavy Industry Co., Ltd. said.

　　The East China Sea "fished small", while Qian Fan was busy at sea. Xinhua News Agency reporter Xu Yushe

　　In addition to the shipbuilding industry, traditional industries such as fishing, aquaculture, and port-based industries, which were originally born on the sea, have all ushered in industrial upgrading under the joint action of industrial structure transformation, scientific and technological strength support, and trade policy optimization.

　　In the past, Zhoushan people who "eat the sea by the sea" often studied how to catch more fish in one net; Nowadays, Zhoushan people are thinking about how to maximize the value of a fish and tap new economic growth points of fisheries.

　　In the workshop of Zhoushan Evergreen Ocean Food Co., Ltd., the original seafood raw material of about 4,000 yuan per ton was processed into peptide powder of 100,000 yuan per ton through protein peptide extraction technology, which was sold well in the consumer market of health care products.

　　From longing for the economic benefits of "a net fish" to exploring the multiple added values of "a fish", this is the change brought about by the continuous promotion of marine economic development by the "Eighth Five-Year Plan", and the development of emerging marine industries is changing from "waves and flowers" to a surging trend.

　　By the end of 2019, the first phase of Zhoushan Green Petrochemical Base, the single industry project with the largest investment in the world, was fully put into operation; On February 24, 2022, Endeavour, the world’s largest single-unit tidal power generator set, was successfully launched in Xiushan Island, Zhoushan, and the continuous operation time of LHD tidal power project remained the first in the world.

　　Zhoushan green petrochemical base. Xinhua News Agency reporter Jia Yutian photo

　　In the past 20 years, the baton of developing marine economy in Zhejiang has been passed on, fully tapping "marine productivity", vigorously developing modern marine industries such as marine equipment, island tourism and offshore fishing, and starting a new engine for the development of blue economy.

　　"In ‘ August 8th Strategy ’ Under the guidance of, we have gradually clarified the direction of adapting to local conditions and developing the marine economy. It is a long-term systematic project to realize all-round, multi-angle and full-chain transformation and upgrading. In the future, we will continue to anchor the positioning of the new highland of modern marine industry and fully promote the marine economy. A broader new world. " Sun Zhilong, secretary of the Putuo District Party Committee of Zhoushan City, said.

　　Born to the sea, the sea and people are harmonious and build ecological beauty together.

　　Driving through the "Moon Ring" Xuanmenwan Bridge in Yuhuan City, the wetland parks on both sides are sparkling, and 256 species of birds will live here, making it one of the best viewing spots for migratory birds along the East China Sea.

　　In the 1970s, in order to get rid of the real dilemma of lacking arable land and fresh water, Yuhuan people almost completely relied on human resources to level half of the mountain, threw more than 520,000 square stones into the rapids, and built a dam connecting the island and the land. A 12-meter-wide dam has become an important channel to support the rapid development of local economy and society, making small island counties become the top 100 counties in China.

　　However, the negative impact of the dam has gradually emerged: because the dam blocks the ocean currents, the eutrophication of the water in the bay has increased and the aquatic species resources have shrunk.

　　It is imperative to withdraw the dam. In 2017, the Yuhuan Municipal Party Committee and the Municipal Government proposed a plan to build a bridge and remove the dam; In June, 2021, Xuanmenwan Bridge, which was built in parallel with the dam, was officially opened to traffic, and the two-way six-lane traffic greatly improved the traffic efficiency.

　　Liu Shijin, a citizen of Yuhuan who participated in the dam construction survey that year, said that the dam was built for development in the past, but now it is withdrawn for longer-term development. "Leisure citizens and tourists can be seen everywhere along the wetland coast, and homestay camping is very prosperous." Statistics show that this year’s "May 1" and "Eleventh" holidays, the "upgraded" Xuanmen Bay Scenic Area has received more than 70,000 tourists.

　　Scenery on both sides of Xuanmen Bay. Xinhuanet issued Yuhuan Municipal Committee Propaganda Department for the picture

　　In line with the changing thinking of the times, Yuhuan story is not an isolated case in Zhejiang in the choice of improving the relationship between people and sea. At the end of 2020, the head of Lingni levee was demolished in Dongtou, Wenzhou to make way for migratory fish; At the beginning of 2022, Fenghua, Ningbo, cleared the beach and returned the mackerel to a stable home … … Along the coastline of more than 6,700 kilometers, the practice of harmonious development of human and sea is everywhere in Zhejiang.

　　In July, 2020, Wenzhou Dongtou Blue Bay Renovation Action Project was selected as the only case of marine ecological restoration among the top ten cases by the Ministry of Natural Resources. The 302 islands in Dongtou are also continuously exploring the transformation channel of the "two mountains concept" in the blue sea.

　　Chen Xuyang, director of Dongtou Branch of Wenzhou Ecological Environment Bureau, Zhejiang Province, said that not long ago, six financial institutions led by China Development Bank signed a loan contract of 2.3 billion yuan with Dongtou District of Wenzhou in 2023, marking the settlement of the first batch of EOD projects of marine ecological restoration in China (eco-environment-oriented development model), which solved the problems of financing difficulties in previous eco-environmental governance projects, and promoted industrial development through governance, which will further amplify the attraction of "sea gardens".

　　Pheasants in Hangzhou Bay Wetland Park. Photo courtesy of Zhejiang Hangzhou Bay National Wetland Park by Xinhuanet

　　From demanding space and resources from the ocean to building a harmonious concept of ocean development, Zhejiang has put ecological civilization construction in a prominent position, from point to point, land and sea linkage, taking hard measures, seeking practical results, strengthening law enforcement and supervision of sea islands, continuously organizing and implementing the "Blue Bay" rectification action and coastal protection and restoration projects, and building a blue ecological hard barrier.

　　Since 2020, Zhejiang has taken the lead in establishing the first provincial comprehensive evaluation index system for marine ecology; Take the lead in controlling the total amount of pollutants entering the sea and piloting the marine ecological red line system; Implement the establishment of a global marine ecological construction demonstration zone & HELIP; …

　　In order to protect marine ecology at a higher level, up to now, Zhejiang has formed "a book", "a picture" and "a table" of ecological risks at the provincial, municipal and county levels, comprehensively grasping the ecological background and forming a new pattern of marine ecological protection and restoration.

　　

　　Planning: Wu Huanqing, Chu Xuejun, Qian Tong

　　Producer: Yuan Zhenyu and Zhou Hongjun.

　　Execution: Liao Xiaohua, Wan Fang

　　Coordinator: Weng Jing and Ma Jiang.

　　Text reporters: Yuan Zhenyu, Huang Xiao, Wu Shuaishuai, Lin Guangyao

　　Poster design: Guo Yanting

　　Editor: Wang Ying, Wang Ya, Guo Yanting

　　Xinhua News Agency Zhejiang Branch Xinhuanet jointly produced.

The Asia Society will award an award to director JASON ZHANG at the China-US Film Summit Forum.


1905 movie network news　The Asia Society Southern California Branch will hold the 8th China-US Film Summit Forum on Wednesday, November 1st, and award Dawn Hudson, CEO of Academy of Motion Picture Arts and Sciences and JASON ZHANG, director and screenwriter with honorary awards. Also among the award-winning guests were Yu Dong, CEO of Bona Film Group, and Xiaogang Feng, a famous director.

　

Dawn Hudson has made outstanding contributions to creating a more inclusive global film industry with his foresight. In terms of independent films, she supports and supports independent filmmakers. In terms of college membership, she initiated the reform of expanding the membership system and added many Asian and Asian members to the college.

　

Director JASON ZHANG.

Director JASON ZHANG was recognized and awarded by the forum for his pioneering film style. His stories are often distilled from real events. His works resonate deeply with the audience because of their sensitivity, humanity and film and television creativity. The Asia Society will cooperate with the Asia International Film Festival to show the works directed by JASON ZHANG at 2pm on October 31st.

　

　"Dawn has been the natural driving force of the entertainment industry for decades," said Janet Yang, chairman of the forum and member of the college. "As the CEO of the college, she led the most prestigious entertainment industry organization and fully injected the motive force of tolerance and innovation into it. I am proud to be able to cooperate with the college under the leadership of Dawn to promote its development in Asia and the world. "

　

Oscar CEO Dawn Hudson


The China-US Film Summit Forum is the most prestigious gathering of Chinese and American film industry leaders. Speakers at the forum include Miao Xiaotian, general manager of China Film Co-production Company, Charles H. Rivkin, CEO of American Film Association, and Donald Tang, CEO of Down Media. He is also one of the most active investors in the entertainment industry in China and the United States. The topics of this "Focus" dialogue and forum include: China strategy of Hollywood film industry, triumphant series of films, Sino-US film and television cooperation, innovation in the digital age and independent films with a different approach. The summit forum will be held at Skirball Cultural Center from 8 am to 5 pm. The summit dinner will be held at 6 pm, and actor Lin Ludi will be the host of the party; Other guests included actors Lu Jingshan and Zhang Jingchu, and former MTV China host Li Xia.

　

The China-US Film Summit Forum organized by the Southern California Branch of the Asia Society cooperated with the Beijing Film Academy and won the support of the American Film Association, the American Producers’ Union, the Asian Pacifics in Entertainment, the USC US-ChinaInstitute, the Hong Kong Association of Southern California and other organizations.

A week’s event ｜ The central government has decided to launch a special campaign to eliminate evils throughout the country.

　　Heavy! A nationwide special struggle against evil is about to begin.

　　A new round of tax reduction and fee reduction is "on the way".

　　China first published a white paper on Arctic policy,

　　China’s first Qualcomm mass communication satellite was delivered in orbit on 13th,

　　Chongqing-Guizhou Railway was put into operation, and Chengdu-Chongqing-Guizhou "three-hour traffic circle" became a reality.

　　Visa facilitation! Parents of local registered residents from other provinces can apply nearby … …

　　What happened in the past week? What is worthy of attention? What is closely related to you? Let’s take a look at the week’s event review.

　　[Current affairs focus]The Central Committee of the Communist Party of China State AffairsHospital: the whole country launched a special struggle to eliminate evils.

　　Recently, the Central Committee of the Communist Party of China and the State Council issued the "Notice on Launching a Special Struggle to Eliminate Evil". The "Notice" pointed out that the CPC Central Committee and the State Council have decided to launch a special campaign to eliminate evils throughout the country. Focus on key areas, key industries and key areas where the problems involving black and evil are prominent, and always aim at all kinds of illegal crimes committed by black and evil forces that the masses have the strongest reaction and hate the most. Adhere to severe punishment according to law, fight early and fight small, eliminate all evils, and always maintain the trend of cracking down on crimes committed by various evil forces.

　　[Financial Hotspots] the State Council issued a document urging to solve problems such as data sharing contradictions and over-packaging.

　　The General Office of the State Council issued the Opinions on Promoting the Coordinated Development of E-commerce and Express Logistics, aiming at some problems and contradictions existing in the coordinated development of e-commerce and express logistics, and put forward targeted measures, which are expected to solve the problems and contradictions such as data sharing and over-packaging. The opinions adhere to the problem orientation, focus on coordinated development, and clarify six aspects of policy measures.

　　[White Paper] The State Council issued a white paper on China’s Arctic Policy.

　　The State Council Press Office published a white paper on China’s Arctic policy on 26th, which is the first time that China has published a white paper on Arctic policy. The white paper says that China advocates building a community of human destiny, is an active participant, builder and contributor in Arctic affairs, and strives to contribute China wisdom and China’s strength to the development of the Arctic.

　　[Convenience New Deal] Entry and exit are more convenient! The Ministry of Public Security has launched eight entry-exit facilitation measures.

　　The Ministry of Public Security decided to implement eight entry and exit facilitation measures from February 1, 2018. These measures involve many aspects, such as applying for permits nearby, self-service, free photography, foreign Chinese applying for permits, self-service customs clearance at border inspection, etc., which will further release the dividend of public security entry-exit reform and enhance the people’s sense of gain.

　　[Food and Drug Safety] Two departments: food and drug violations are punished until people strictly enforce the ban on business.

　　The General Administration of Food and Drug Administration and the Ministry of Public Security jointly issued the "Regulations on Strengthening the Law Enforcement of Food and Drug Safety and Strictly Implementing the Punishment of People for Food and Drug Violations". The "Regulations" propose that individuals who engage in illegal acts shall be investigated for their legal responsibilities according to law; Units engaged in illegal acts, in addition to the punishment of the unit, but also to investigate the responsibility of the directly responsible person in charge and other directly responsible personnel according to law. The persons in charge and other persons who are directly responsible for the illegal unit shall be prohibited from doing business for a certain period of time.

　　[Tax reduction and fee reduction] A new round of tax reduction and fee reduction is "on the road"

　　Recently, the Ministry of Finance, the National Development and Reform Commission and other four departments jointly issued a notice on stopping the collection of administrative fees such as sewage charges, which started the "first shot" of tax reduction and fee reduction this year. At the same time, Shaanxi and other places have also begun to brew a new round of measures to reduce the burden of corporate taxes and fees.

　　On January 25th, the D8592 starting train of Chongqing-Guizhou Railway from Guiyang North to Chongqing West left Guiyang North Station. On the same day, the Chongqing-Guizhou railway with a design speed of 200 kilometers per hour was opened for operation. Xinhua News Agency reporter Ou Dongyu photo

　　[Traffic Development] On the 25th, the Chongqing-Guizhou Railway opened for operation in Chongqing for 2 hours to Guiyang.

　　On January 25th, the Chongqing-Guizhou Railway was put into operation, and the railway travel time from Guiyang to Chongqing will be shortened from 10 hours to about 2 hours. At the beginning of the opening of the Chongqing-Guiyang Railway, 46 pairs of multiple units were operated, including 36 pairs of through trains to Guangzhou, Kunming and Xi ‘an, and 10 pairs of in-pipe trains (6 pairs from Guiyang North to Chengdu East and 4 pairs from Chongqing West). The railway travel time from Guiyang to Chengdu will be reduced to about 3.5 hours, and the railway travel time from Guiyang to Xi ‘an will also be reduced to about 7 hours.

　　[Civil Aviation Hotspots] 13 airlines announced the "air boot" time.

　　Following the announcement of China Eastern Airlines, Hainan Airlines, China Southern Airlines and other airlines to "lift the ban" on the use of mobile phones in the air, Air China will also allow the use of some portable electronic devices on Air China’s actual flights from 0: 00 on January 21st. So far, 13 domestic airlines have announced the "air boot" time.

　　[Eyes] Overseas martyrs memorial facilities will be covered with laws and regulations "armor"

　　The measures for the protection and management of overseas martyrs memorial facilities drafted by the Ministry of Civil Affairs, the Ministry of Foreign Affairs, the Ministry of Finance and the Political Work Department of the Central Military Commission have been publicly solicited for comments recently, and it is intended to clarify the scope of protection, specific protection work and accountability mechanism of overseas martyrs memorial facilities in China.

　　[Local politics] In 2018, the provincial two conferences kicked off.

　　On January 21, Anhui and Xinjiang provinces will enter the "two sessions", and the provincial two sessions in 2018 will also kick off. In the first year of implementing the spirit of the 19th National Congress of the Communist Party of China, how all localities will plan their development blueprints has attracted much attention. The provincial people’s congress, the government and the CPPCC will also complete the centralized change of the provincial people’s congress, and most provinces will also elect the first director of the provincial supervisory Committee.

　　[New Entrepreneurial Policy] More than 20 policies "red envelopes" support disabled people’s self-employment and entrepreneurship

　　A few days ago, the National Development and Reform Commission and other 15 departments issued the Opinions on Supporting Self-employment and Entrepreneurship of Disabled People, which clarified more than 20 support policies to promote self-employment and entrepreneurship of disabled people and help them get rid of poverty.

　　These policies include providing reasonable convenience and priority care for disabled people’s self-employment and entrepreneurship, implementing tax incentives and fee reductions, providing financial support and financial subsidies, supporting key targets and "internet plus" entrepreneurship, and providing support and employment services.　

　　[Hi-tech] China’s first Qualcomm mass communication satellite Shijian No.13 was put into use.

　　On the 23rd, China’s first Qualcomm mass communication satellite was delivered in orbit on the 13th and put into use. After the implementation of the 13th satellite, it will be included in the "Zhongxing" satellite series and named as "Zhongxing 16" satellite. This satellite has created a number of "firsts" of communication satellites in China and the world, which can realize the access of mobile communication base stations in remote areas and other industrial applications, and can meet the access needs of aviation, shipping and railway Internet users.

　　The cloned monkeys "Zhongzhong" and "Huahua" were carefully cared for in the incubator of the nursery of the non-human primate platform of the Institute of Neuroscience, Chinese Academy of Sciences (photo taken on January 22). Xinhua News Agency reporter Jin Liwang photo

　　[Technological Breakthrough] A major breakthrough! Two cloned monkeys were born in China.

　　With a handful of hairs, thousands of identical monkeys are transformed — — The myth in The Journey to the West is becoming a reality. The cloned monkey "Zhongzhong" and her sister "Huahua" were born in China for nearly two months! On January 25th, Beijing time, their "story" appeared on the cover of the international authoritative academic journal Cell, which means that scientists in China have successfully broken through the world problem that the existing technology cannot clone primates. The success of monkey cloning will bring unprecedented bright prospects for the mechanism research, intervention, diagnosis and treatment of brain diseases, immune deficiency, tumors and metabolism diseases.

　　[Combating pornography and illegal publications] Those who make and disseminate videos about children’s "evil codes" will be severely punished.

　　The relevant person in charge of the national office of "eliminating pornography and illegal publications" said that the national office of "eliminating pornography and illegal publications" has deployed interviews with relevant Internet companies to carry out in-depth monitoring and inventory in view of the situation of using classic cartoon images to produce and spread harmful videos involving violence, terror, cruelty and pornography that hinder the healthy growth of minors. The "anti-pornography and illegal publications" department will continue to pay attention to enterprises that fail to fulfill their main responsibilities and cause harmful video and information dissemination. Once verified, they will be severely punished.　

　　[Criminal case focus] The final judgment of the case of smoking being persuaded to die suddenly was changed: the dissuader was not responsible.

　　An old man was smoking in the elevator, and someone came forward to dissuade him. The two had a dispute. The old man died of a heart attack and his family took the dissuader to court and demanded compensation of more than 400,000 yuan.

　　Zhengzhou Intermediate People’s Court made a final judgment on this case, arguing that it was not dissuasion that led to the death of the old man, dismissed the family’s claim, and revoked the judgment of the first instance that the dissuasion should bear the compensation responsibility of 15,000 yuan. The dissuasion said that he was willing to donate 10,000 yuan to the family of the deceased for humanitarian reasons.

　　(According to Xinhua News Agency, Zhongxin.com and other media reports, text/Li Zhiqiang)

Price analysis of BMW (imported) BMW 2 Series (imported) configuration

For a car, you can’t talk about heroes purely by the quality of its dynamic performance, just like the performance of other aspects (imported) is also worth mentioning. Let’s take a good look at it.

Let’s look at the appearance of BMW 2 Series (imported) first. The front face of BMW 2 Series (imported) looks more solid and calm. Coupled with the headlights, the overall look is full of calmness. The car is equipped with LED daytime running lights, automatic opening and closing, delayed closing and so on. Coming to the side of the car, the size of the car body is 4556 mm * 1838 mm * 1405 mm. The car adopts avant-garde lines, and the car body presents a cold design style. With large-sized thick-walled tires, the shape is quite atmospheric. Looking back, the rear of the car looks clean, the taillights look very individual, and the exhaust pipe adopts a single-sided double-output design, and the overall layout is impressive.

Coming into the BMW 2 Series (imported) car, the interior looks very tough and individual. The steering wheel design of the car is very domineering, equipped with the functions of manual steering wheel up and down+front and rear adjustment, steering wheel heating, etc., giving a very good grip experience. Take a look at the central control, and with the 14.9-inch touch-sensitive LCD central control screen, the interior style is impressive, and the details are still in place. Let Xiaobian introduce the dashboard and seats. The dashboard design is remarkable and very eye-catching. The car uses a fabric/suede mix seat, which is wide and thick, with good support and comfort.

BMW 2 Series (imported) matched automatic manual transmission (AT) gearbox, with an acceleration time of 7.5s per 100 kilometers, has good power performance and is completely OK for daily use.

In addition, the car is equipped with car networking, driving mode selection, remote control key, Bluetooth key, interior atmosphere light, engine start and stop and other configurations.

The car introduced today is remarkable in terms of space, configuration and power, and home travel is also a good helper. If you like, you can pay more attention to it!

Mercedes-Benz EQE SUV in Zhangzhou is on sale! The lowest price is 466,000, which is very beneficial today.

[car home Zhangzhou Preferential Promotion Channel] Recently, a large-scale preferential activity was launched in Zhangzhou, with the highest discount reaching 20,000 yuan and the lowest starting price dropping to 466,000 yuan. This promotion is in progress, and interested consumers can click "Check the car price" in the quotation form to strive for higher discounts.

漳州地区奔驰EQE

The front face design of Mercedes-Benz EQE SUV adopts the family-style design language, and the large-area closed air intake grille highlights the identity of its pure electric vehicle, echoing the LED headlights on both sides, creating a visual effect with a sense of technology and futurity. The overall style is stable, the lines are smooth, the body shape is full and powerful, and with the unique body color and detail decoration, it presents a luxurious and dynamic appearance style.

漳州地区奔驰EQE

Mercedes-Benz EQE SUV, with its length, width and height of 4880*2032*1679mm and wheelbase of 3030mm, provides spacious seating space and excellent body proportion. The side lines of the car are smooth, showing an elegant and dynamic design style. Equipped with 19-inch wheels and 235/55 R19 tires, it not only improves the handling performance of the vehicle, but also increases the sporty atmosphere of the whole vehicle.

漳州地区奔驰EQE

The interior of Mercedes-Benz EQE SUV is dominated by luxury and technology, with a large area of high-quality materials, including imitation leather seats and leather steering wheel. The center console is equipped with a 12.8-inch high-resolution touch screen, which supports voice recognition control of multimedia system, navigation, telephone, air conditioner and skylight. The steering wheel is electrically adjusted up and down and back and forth, providing excellent control feeling. In terms of seats, the front seats have heating and ventilation functions, and are equipped with electric memory function, which can provide a comfortable driving experience for the driver and co-pilot. In addition, the car is equipped with multiple USB and Type-C interfaces to meet the charging requirements of modern technology equipment. The rear seats support proportional tilting, which increases the flexibility of the interior space.

漳州地区奔驰EQE

The motor of Mercedes-Benz EQE SUV has excellent power output, with a maximum power of 300 kW and a peak torque of 858 Nm, which brings a strong power experience to drivers.

The owner of car home said that the power performance of EQE SUV was acceptable, but the low-profile model was not equipped with rear wheel steering system, which made the vehicle inflexible. At the same time, he said that there is still a gap in handling performance compared with his previous BMW 3 Series, especially when encountering a big pit, the body will appear obvious shaking, and the overall feeling of the body is soft.

Fat Donglai announced that he would leave work three hours early to increase the most basic humanistic care.

The ninth review star. jpg

□ Bai Xueying (Xi ‘an Jiaotong University)

Recently, after the fire broke out in the tea supermarket in Xuchang, Henan Province, in order to stabilize the quality and avoid employees being too tired, it was announced that employees would leave work three hours early, which caused concern and heated discussion, and then rushed to the hot search. (Spring City Evening News, December 29)

According to reports, on December 27th, Fat Donglai issued an announcement on the adjustment of the business hours of tea supermarkets in Xuchang area. The announcement showed that the business hours of Fat Donglai tea supermarkets in Xuchang area were temporarily reduced to 10:30~18:00 in order to stabilize the management quality, commodity quality and business quality.The official account of Pangdonglai released the winter business schedule on September 2, showing that the working hours from Sunday to Thursday are: 9: 30 ~ 21: 00; The working hours from Friday to Saturday are from 9: 30 to 21: 30.According to the winter business hours, after this adjustment, the working hours of tea supermarket employees are equivalent to delaying their work by one hour in the morning and leaving work at least three hours in advance in the evening, which will reduce the working hours by at least four hours throughout the day.

As soon as the announcement came out, it immediately triggered the praise and empathy of countless netizens: "The migrant workers have got empathy and understanding", "The ceiling level of domestic supermarkets is up", "It is worth promoting nationwide" and "The key to a conscience enterprise is to have a conscience boss".

I don’t know when it started. Overtime has become a normal state: in the past, the work system of big and small weeks, the rotation of single and double breaks was still shady. Now 996 is called the blessing newspaper, and 716, 807 and even 007 have become the culture of many companies. Overtime and involution have gradually become daily, and the bottom line of migrant workers has been refreshed again and again in the game with enterprises. It’s not that I don’t want to say "no" to overtime, but "voluntary overtime", "voluntary salary reduction" and "voluntary resignation" will inadvertently become the "last straw" to crush migrant workers. In recent years, there has been a lot of news about sudden death after working overtime. In such a big environment, compared with high salary, migrant workers hope to have a humane boss and a humanistic corporate culture, instead of continuing to "voluntarily" accept the squeeze while voicing: "Migrant workers’ lives are also lives" and "migrant workers are human beings, not working machines". It is not difficult to understand that the four-hour working hours compressed by companies from Fat East have attracted such great attention from the whole network. Who doesn’t want their company to be "Fat East" too?

Working hours are related to work results, but not necessarily. Instead of extending working hours indefinitely, it is better to formulate a reasonable assessment mechanism to avoid invalid overtime. It seems that nothing is actually produced at work. In order to mix up enough working hours, it is really unnecessary to drag the work that could have been completed in an hour or two for a whole day and stay at the work station with reluctance, even affecting health, greatly reducing work efficiency and ensuring work quality. Yu Donglai, the founder of Fat Donglai, said: "(Employees) are too tired. After a long time, he will get sick, and the quality of his work will also decline.".Although Fat Donglai has reduced the working hours by four hours every day, with such humanistic care, the efficiency and quality of work have also been guaranteed. There are also some companies that allow employees to leave work flexibly after finishing their work, giving employees more autonomy in their work. Isn’t it another kind of humanistic care?

Working hours have been shortened, but humanistic care has increased. Only when there is a benign relationship between enterprises and migrant workers can they be stable and far-reaching. Enterprises should be able to realize that employees are people first, and then workers; Workers should not be "monks who knock bells", but should finish the work efficiently and be considerate of each other. Less 996, more fat east, who said that the life of migrant workers is not life?

Lantu car, it is difficult to support Dongfeng’s high-end dream

Even though Dongfeng Group’s top resources are integrated, the facts show that it is difficult for Lantu Automobile to support Dongfeng’s high-end automobile brand dream.

Image Source: Car Story/Photo

Text | Car Fiction, Fig

On August 12, Lantu Auto announced on its official account that "from now on, the purchase of Lantu FREE in Hubei Province can enjoy a comprehensive cash subsidy of 30,000 yuan from the local government".

Going back one month, on July 16, according to Hubei local media "Hubei Daily", at the "Lantu Dreamer Central Enterprise Bulk Purchase Signing Ceremony and High-end New Energy Electric Vehicle Development Forum" held that day, Lantu Automobile signed a purchase order for a total of 6,000 Lantu Dreamers with central enterprises and provincial state-owned enterprises in Hubei.

In just two months, it was the collective procurement of local state-owned enterprises and the support of local car purchase subsidies. These "off-the-shelf moves" showed that Lantu Automobile was "anxious" about the status quo that it could not open up the situation at the end point of the market. At the same time, it also showed that Lantu Automobile could not support Dongfeng’s high-end dream.

Image Source: Car Story/Photo

The business strategy is not clear, and the market performance is sluggish

On the official website of Lantu Automobile, there is an introduction to the Dongfeng Group, which it belongs to: "53 years of car manufacturing and precipitation, ranking 85th in the world’s top 500, with 20 years of accumulation of new energy technologies, and infinite strong partners. In 2020 alone, the total number of invention patents reached 2,391, ranking first in China’s vehicle group."

This was in the early days of Lantu Automobile’s establishment, and such a hard-core introduction was undoubtedly a plus for the new brand. At least it was helpful in winning consumers’ trust in this new brand. However, this introduction today has undoubtedly become the "magic mirror" of Lantu Automobile.

Even though Dongfeng Group’s top resources are integrated, from the perspective of the operation performance of Lantu Automobile, not only has it failed to convert the huge energy given by Dongfeng Group into its own market competitive advantage, but today, it still relies on its background resources to support its face.

Perhaps, from the perspective of its establishment time, Lantu Automobile, which has just been established for two years, is still a "newcomer", and it is too early to characterize it now. But it must be known that today’s automobile market is no longer in the era of traditional oil vehicles, as long as it can withstand it, it will have a day to come. Under the background of the current industry’s accelerated transformation to "electrification", as "new players" continue to join, for the consumer market, not only are the models available for users to choose rapidly increasing, but "new concepts and new ways to play" that are different from the past are also emerging one after another. The market is huge, but the opportunities have not changed.

Li Xiang, chairperson of Li Auto, has said in public on several occasions that "[Li Auto] has only one chance to play", noting that if one fails, there will be no chance to play again. "Even if you raise money, it’s useless because the suppliers won’t play with you anymore – that’s the one thing we fear the most."

In fact, this sentence also applies to all "newcomers" in the car industry, including Lantu Automobile.

According to the latest sales data, in the past July, Lantu Automobile sold 1793 vehicles. This sales performance is only 17.2% of Li Auto, which also uses the extended range route, and 22.97% of AITO.

From January to July, the cumulative sales volume of Lantu Automobile was 8671 vehicles. Only 28% of the annual sales target (31,000 vehicles) after the reduction was completed. Such a market performance is obviously not optimistic.

At least from the point of view of the cards, it is difficult to say that Lantu Automobile’s first license is successful. Of course, backed by the big Dongfeng Group, Lantu Automobile will naturally not encounter the supply chain problems that Li Xiang worried about earlier. But from the fact that Lantu Automobile has resorted to "off-the-shelf tricks" such as large local subsidies and centralized procurement by state-owned enterprises, it can be seen that the management of Lantu Automobile has entered a technical poverty in dealing with the current predicament.

When the monthly sales volume is expanded, it is not difficult to see the dismal state of Lantu Automobile’s business.

Data show that in the first six months of this year, Lantu sold 1,553 vehicles, 604 vehicles, 1,400 vehicles, 1,049 vehicles, 906 vehicles, and 1,202 vehicles respectively.

In an interview with Shell Finance, auto analyst Zhong Shi pointed out that "high-end electric vehicles are for a small number of specific groups of people to experience new technologies. The full set of brand hype and market operation are completely different from traditional cars. It is very difficult for managers who are used to the operation of traditional car companies to make sharp turns to adapt. It is impossible for traditional car companies to change their genes casually."

In contrast, whether it is "Wei Xiaoli", the head camp of the new car-making forces, or "Ask the World AITO", the various ways that Lantu Auto has operated for two years are more like an "old-fashioned" traditional car brand, and it does not see the attributes of being a "high-end smart electric brand".

So much so that since the launch of the brand in July 2020, Lantu Auto has still not had a clear imprint in terms of brand tone building.

In the end point market visit, the car story learned that there is still a considerable proportion of consumers who do not know "Lantu Automobile", and many consumers are unfamiliar with the Lantu Automobile LOGO. Even if there are consumers who know this brand, most of them will use "a brand new to Dongfeng" and "an extended range car imitated by Dongfeng Ideal Lane" to express their awareness of Lantu Automobile.

In sharp contrast, most consumers can clearly express the brand imprint of "Li Auto – focusing on home use, NIO – focusing on services, XPeng Motors – focusing on intelligent driving, and asking the world AITO – Huawei car" at the first time.

This also shows that the team of Lantu Automobile has lacked a strategy at the brand level in the two years since its establishment, or the related work has been basically ineffective.

At the Yabuli China Entrepreneur Forum 2021 in June last year, Wang Chuanfu, chairperson and president of BYD, told "new players" that the cost of time was important. "Maybe losing five billion is not much, but you lost three years, how much is that three years worth? You can’t buy it with money."

At the moment, I don’t know how Lantu Motors will interpret the past two years.

In addition, only 28% of the annual target was achieved in the first seven months, and it was also a revised sales target, which also shows that the Lantu Automotive management team has a cognitive bias towards the competitiveness of its products and the market conditions in which it operates.

At present, for Lantu Automobile, the core key to turning around the decline is the lack of a helm like "Li Xiang, He Xiaopeng, Li Bin" with a clear strategic thinking of development. At the worst, it is necessary to have at least one hard-working "salesperson" like Yu Chengdong.

Image Source: Car Story/Photo

The product force is mediocre, and the spontaneous combustion accident needs to be explained

Although in terms of brand positioning, Lantu Automobile is positioned as Dongfeng Group’s "high-end smart electric" brand. But in terms of product strength, the current models are obviously not very close to "high-end".

After flipping through the official website of Lantu Automobile, it was noticed that Lantu Automobile’s more dissemination still stayed in traditional fields such as vehicle testing and body safety. However, there is little mention of "smart electric vehicles", such as "smart cockpit" and "intelligent assisted driving".

The only battery technology that was singled out for amplification ended up being overturned.

On March 1, at a media event, Lantu Automobile highlighted the battery technology used in Lantu’s first mass-produced model, the Lantu FREE. According to its introduction, the Lantu FREE battery can achieve the "three no principles" including "no smoke, no fire, and no explosion" after passing the safety inspection.

Image source: Landmap Automotive

In addition, Lantu Automobile also publicly claimed: "Lantu Automobile’s self-developed high-safety battery PACK solution, the industry’s first three-dimensional thermal insulation technology, and the original battery safety detection and early warning model", "Lantu FREE uses five battery safety structure designs to create full-scene safety of battery packs", "Lantu FREE battery safety zero anxiety", "Lantu Automobile shows the leading level of the new energy model battery pack thermal diffusion management industry".

What was rather embarrassing was that the bragging voice on the front foot had just fallen, and the video of an open flame spontaneously igniting in the position of the battery pack of the Lantu FREE chassis on the back foot spread all over the Internet.

Image source: Video screenshot

On June 27, according to a video circulating on the Internet, a Lantu FREE had a burning accident that day. Through the video taken at the scene, it can be clearly seen that the fire of the Lantu FREE is located at the bottom of the vehicle, which is where the battery pack is located.

After the accident, Lantu Automobile only said that "the accident did not cause damage to people or surrounding property, and has provided users with a solution to travel by car. The task force has rushed to the scene to investigate and deal with it, and the results of the accident investigation will be announced in detail as soon as possible."

Since then, Lantu Automobile has never updated the results or progress of the investigation into the incident. As if the accident had never happened. In response, the car novel called Lantu Automobile 400 to inquire about the progress of the investigation into the open fire accident. The answering staff responded in a panic that it was "still under investigation."

Although the domestic performance is mediocre, the cause of the fire involving vehicle safety has not yet been identified, but these do not seem to affect the "flying" mood of the management team of Lantu Automobile.

According to the official website of Landmap Automobile, on July 8, Landmap Automobile officially announced its entry into the overseas market.

Lu Fang, chief executive of Lantu Automobile, said: "Created in China is becoming the core competitiveness of China, giving Chinese cars the strength and confidence to look at the world. While Lantu Automobile continues to explore the domestic market, it is also fully committed to the vast international new energy market, and is committed to becoming a leader in high-end electric vehicles."

Image Source: Car Story/Photo

As Lu Fang said, "Created in China is becoming China’s core competitiveness, giving Chinese cars the strength and confidence to look at the world head-on." I just hope that Lantu Automobile can think thrice before acting. Before making the basic skills solid, it may as well take a small step first, and not drag down the good reputation that China’s new energy vehicles have just established in overseas markets.

On July 19, according to a report by "Dongfeng Toutiao", a subsidiary of Hubei Dongfeng Newspaper Media, entitled "Adjustment of Leadership Team Members of the Two Units", on the afternoon of July 18, the Dongfeng Party Committee announced at the cadre meeting held by Lantu Automobile that Lu Fang would no longer serve as the Chief Technology Officer (CTO), a position held by Wang Junjun, deputy director of the DONGFENG MOTOR CORPORATION Technology Center.

In addition, Qin Jie served as a temporary party committee member and party secretary of Lantu Automobile; Liu Mingjiao served as a temporary party committee member, disciplinary committee member, and secretary of the disciplinary committee of Lantu Automobile; Gong Xuesong and Shao Mingfeng served as assistant general manager of Lantu Automobile.

Whether Dongfeng can save the crumbling Lantu car through this personnel change is still unknown, but in the car novel, whether a ship can drive out of the storm zone, the "helmsman" who controls the direction is very crucial.

Cheung Ka Fai, Chan Wai Ting and others attended the Hong Kong premiere of the movie ＂Burst Point＂


1905 movie network news On November 28th, Hong Kong, China, the film premiered in Hong Kong, and the director, starring cast, and other main creators attended. The film continues the exciting and critical style of action movies directed by Lin Chaoxian in the past. Whether it is the atmosphere of life-fighting between police and bandits, or the extreme brutality of gangsters, it makes people clench their fists and adrenaline soar. Luxurious creative lineup, hard-core bursting confrontation, ultimate audio-visual experience.


The movie "Burst Point" tells the story of anti-narcotics chief inspector Li Zhenbang (Zhang Jiahui, played) and undercover police officer Jiang Ming (Chen Weiting, played) secretly executing a plan to hunt down drug dealers. Helpless to encounter danger, Jiang Ming is forced to walk the edge of black and white and gradually lose control. In order to stick to the bottom line, former teammates have mutual killing intentions, the filmIt will be released on December 8.


More than 1,600 Wuhan Didi drivers have been awarded the title of ＂anti-epidemic pioneer＂

　　On the morning of May 8, Didi held a touching event at its driver training center in Wuhan. Ten drivers from Didi’s Wuhan medical team and community security team received the "Anti-Epidemic Pioneer" honorary certificate on behalf of more than 1,600 partners who had fought together in the front line of the anti-epidemic.

　　The driver representative receives the "Anti-Epidemic Pioneer" honorary certificate

　　There were also medical representatives from Wuhan Municipal Health Commission, Wuhan Municipal Passenger Management Office and major hospitals at the scene, who were also strugglers against the "epidemic". The meeting of the driver representative and the medical representative again was no longer a hasty taxi to the hospital to work, nor a tired car ride home, but a warm scene of face-to-face gratitude with a relaxed attitude.

　　Master Du Chuan’s daughter sent a painting to express her gratitude to the medical representative

　　Du Chuan’s daughter also came to the scene and sent a painting of her own to the medical representatives to pay tribute to the medical workers. Du Chuan was a native of Wuhan. After the traffic control in Wuhan, he took the initiative to join the Didi Community Security Team and the team masters to take up the burden of ensuring the emergency travel of community residents, such as sending dialysis patients for medical treatment, sending supplies to the elderly living alone, and helping community staff to do home investigations.

　　Starting from January 23, Didi established a first-line headquarters in Wuhan, and established two security fleets of Wuhan medical fleets and community fleets, with a total of 16 hospitals and nearly 20,000 healthcare workers providing nearly 500,000 single services; providing nearly 150,000 services for 402 community citizens.

　　On April 30, online car-hailing returned to Wuhan, and Didi Hitch and driving services also started services in Wuhan at the same time. According to the news released by the Enterprise Services Group of the Hubei Provincial Epidemic prevention and control Command, the proportion of online car-hailing operations in Hubei has reached 98.1%. Although the current online car-hailing orders have not returned to the pre-epidemic level, and drivers’ income has not yet reached the pre-epidemic level, many drivers expressed confidence in the future as the epidemic stabilizes.

　　Zhou Dayan, deputy director of the Wuhan Passenger Taxi Management Department, said that Didi masters have always adhered to the original intention of providing convenience for citizens to travel, escorting every service demand during the special period, and writing an extraordinary anti-epidemic story in ordinary positions.

　　Li Guanghui, director of the Emergency Management Department of Wuhan Municipal Health Commission, and representatives of Wuhan University People’s Hospital, City Fourth Hospital, and Zhongnan Hospital also expressed their heartfelt gratitude to the Didi masters for their efforts. The drivers’ efforts have also won recognition from major hospitals in Wuhan and from all walks of life. I hope to convey this gratitude and affirmation to the drivers.

　　Wang Xinping, head of Didi Chuxing’s Wuhan region, said that although the service of Didi Wuhan medical fleet and community fleet has come to an end for the time being, Didi’s service heart will not stop. In order to make the daily travel of medical workers more convenient, Didi will upgrade its ride-hailing account to Didi Diamond membership. Medical workers enjoy faster ride-hailing and more affordable car use, including free upgrades, quick response, exclusive package discounts, and exclusive rights and interests in various categories such as green and orange bicycles and Didi driving. Didi will also launch a one-month exclusive subsidy for Wuhan Didi drivers to "fight the epidemic and overcome difficulties" to help drivers recover their income.

After Evergrande resumed trading…

Today is the first trading day of Hong Kong stocks in October. Evergrande’s two stocks resumed trading today, and China Evergrande has become the most concerned individual stock in the market.

According to the Beijing Youth Daily, as of the close, China Evergrande had a strong performance throughout the day, rising more than 40% during the session.

The biggest intraday rise fell back to about 10%, and then rose again. As of the close, it rose 28.13% to close at HK $0.41, and the turnover was HK $161 million, 73% larger than the previous trading day.

Evergrande Properties rose as much as 14%, but fell as much as 3.39% to close at HK $0.57.

Evergrande Automobile announced in the Hong Kong Stock Exchange on October 3 that at the company’s request, the company’s shares will be temporarily suspended from trading on the Hong Kong Stock Exchange at 9:00 am on September 28, 2023, pending the company’s publication of an announcement on inside information.

China Evergrande announced on the Hong Kong Stock Exchange on the evening of October 2 that the board of directors of the company believes that there is no other inside information that needs to be announced at present. The company has applied to the Stock Exchange to resume trading of the company’s shares from 9:00 am on October 3, 2023.

On the same day, Hengda Property also announced that the board of directors of the company believes that the company’s operating conditions are normal and there is no other inside information that needs to be announced. The company has applied to the Hong Kong Stock Exchange to resume trading in the company’s shares from 9:00 am on October 3, 2023.

According to previous reports, on the morning of September 28, China Evergrande, Hengda Automobile, and Hengda Property announced the suspension of trading on the Hong Kong Stock Exchange.

That evening, China Evergrande Group announced on the Hong Kong Stock Exchange that the company had received a notice from the relevant departments that Mr. Xu Jiayin, the executive director and chairperson of the board of directors of the company, had been taken compulsory measures according to law on suspicion of illegal crimes.

On September 24, China Evergrande Group issued an announcement on the Hong Kong Stock Exchange, containing the terms of the company’s proposed overseas workout ("Proposed Restructuring"). Each new note to be issued under the proposed restructuring shall comply with the "Pilot Measures for the Administration of Overseas Issuance of Securities and Listing of Domestic Enterprises" issued by the China Securities Regulatory Commission and the "Measures for the Administration of Examination and Registration of Medium and Long-term Foreign Debt of Enterprises" issued by the National Development and Reform Commission according to its applicable circumstances. The company must prove that it complies with the relevant provisions. In view of the ongoing investigation of Evergrande Real Estate Group Co., Ltd. (the main subsidiary of the company), the current situation of the group cannot meet the eligibility for issuance of new notes. Holders of securities of the company and potential investors should exercise caution when trading securities of the company.

On the evening of September 22, China Evergrande announced that since the announcement of the company’s planned overseas workout, the group’s sales were not as good as the company expected. Based on the company’s current situation and consultation with its advisors and creditors, the company believes it is necessary to re-examine the terms of the proposed restructuring to match the company’s objective situation and creditors’ demands.

On September 16, the WeChat official account "Shenzhen Nanshan Public Security" issued a case report saying that recently, the public security organs have taken criminal compulsory measures against Du and other suspected criminals of Evergrande Financial Wealth Management (Shenzhen) Co., Ltd. Investors who need to report the case can register the case.

China Hengda in the first half of 2023 financial data show that in terms of liabilities, as of June 30, China Hengda’s total liabilities 2.3882 trillion yuan, excluding 603.98 billion yuan of contractual liabilities is 1.78422 trillion yuan, of which 624.77 billion yuan, trade accounts payable and other payables 1.05657 trillion yuan (including 596.17 billion yuan for engineering materials payable), other liabilities 102.88 billion yuan. Borrowing is 624.77 billion yuan, compared with 612.39 billion yuan at the end of 2022, an increase of 12.38 billion yuan, and the average annual interest rate of borrowing is 7.97%, compared with 8.12% at the end of 2022.

In the first half of 2023, China Evergrande’s revenue was about 128.18 billion yuan, gross profit was about 9.80 billion yuan, gross profit margin was 7.64%, operating loss was 17.38 billion yuan during the period, non-operating loss (including litigation, land recovery, equity disposal and other losses such as asset appraisal impairment) 15.03 billion yuan, income tax expenses 6.84 billion yuan, net loss total 39.25 billion yuan. China Evergrande’s cash and cash equivalents are about 4.047 billion yuan, of which restricted cash is about 9.334 billion yuan.

Source | Observer Network Synthesis

Original title: "After Evergrande resumes trading…"

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