All walks of life speed up the drawing of a new chapter and show the myriad weather of Chinese modernization with practical achievements.

CCTV News:On April 13th, News Network reported the new progress and achievements in logistics, consumption, engineering, rural revitalization, employment, exhibitions, science and technology in China. Combined with the recent policy of "combination boxing" and the steady promotion of ecological protection, China’s high-quality development showed a good situation of "spring blossoms", which helped the economy to continue to pick up and improve throughout the year. Next, let’s look at it together.

[Multi-field programs, guidelines, and standards are released and implemented in a "steady and effective" manner]

China’s whole chain promotes the trade-in of consumer goods such as automobiles.

The reporter learned from the Ministry of Commerce that recently, 14 departments jointly issued the "Action Plan for Promoting Trade-in of Consumer Goods", and deployed organizations to carry out trade-in of consumer goods such as automobiles, home appliances, home improvement kitchens and bathrooms nationwide.

Carry out the trade-in of automobiles. The central government and local governments linked together to arrange funds to support the scrapping and renewal of automobiles. Encourage financial institutions to appropriately reduce the down payment ratio of auto loans under the premise of legal compliance and risk control. We will continue to implement convenience measures such as "reverse invoicing" and off-site transaction registration for used car sales.

Promote the trade-in of home appliances. Improve the financial policy related to the disposal of waste electrical and electronic products, and smooth the whole chain of waste household appliances recycling. Encourage qualified places to subsidize consumers to buy green smart home appliances. Develop new models such as "internet plus door-to-door recycling".

Promote the "rejuvenation" of home improvement kitchen and bathroom. Encourage qualified areas to support residents to carry out old house renovation, kitchen and bathroom renovation and aging renovation, and subsidize the purchase of smart home products.

Strive to accelerate the elimination of passenger cars with national emission standards of three or below by 2025, and further increase the market share of energy-efficient home appliances; The recycling volume of scrapped cars increased by 50% compared with 2023, and the recycling volume of used household appliances increased by 15% compared with 2023.

State Administration of Foreign Exchange: Revised Guidelines for Foreign Exchange Business in Capital Account

On April 12, the State Administration of Foreign Exchange revised and issued the Guidelines on Foreign Exchange Business in Capital Projects (2024 Edition) (hereinafter referred to as the Guidelines) to facilitate institutions, individuals and other entities to handle foreign exchange business in capital projects. The Guidelines will be implemented as of May 6, 2024.

It is understood that the "Guidelines" further refine and clarify some business handling principles, which clarify the procedures for debt-to-equity swaps for overseas loans of domestic institutions; Newly added domestic enterprises publicly issue convertible corporate bonds in the A-share market, and foreign shareholders participate in the subscription business.

E-procurement transaction specification issued by national standard

On April 13th, the reporter learned from the National Standards Committee that the national standard "Non-tendering Methods for Electronic Procurement Transactions" was recently released and implemented, which filled the gap in the standards of enterprise procurement system in China.

Li Xiaolin, the lead drafter of the national standard of electronic procurement transaction specification, said: "The non-tendering procurement transaction mode of state-owned enterprises refers to the transaction mode of negotiation, bidding, inquiry and other direct procurement other than the projects that must be tendered according to law, which is fair and competitive, flexible and customized at the same time, so it is more suitable for the procurement transaction of enterprises."

"Electronic Procurement Transaction Specification Non-Tendering Mode" is the first national standard for non-tendering procurement transaction mode of state-owned enterprises in China. It systematically summarizes the general rules and methods of public procurement transactions, defines four non-tendering transaction modes and basic procedural requirements, and points out the direction for all units to establish non-tendering procurement management system.

Li Xiaolin said: "It fills the gap in the digital procurement transaction system of enterprises and lays an important institutional foundation for realizing the competitive, open, supervised and standardized non-bidding procurement transaction mode of state-owned enterprises."

It is understood that the National Development and Reform Commission and the National Standards Committee will work with relevant departments to support various business entities to actively implement standards. It is hoped that various electronic trading platforms and e-commerce platforms of central enterprises and local state-owned enterprises will implement standard requirements in procurement practice.

China will establish a coal capacity reserve system.

The reporter learned from the National Development and Reform Commission that China will select a number of coal mines with capacity reserve among a number of new and under-construction coal mine projects, establish a coal capacity reserve system, and promote the coal capacity to maintain a reasonable margin and sufficient flexibility. By 2027, the coal capacity reserve system will be initially established, forming a certain scale of schedulable capacity reserve; By 2030, we will strive to form a reserve of about 300 million tons of adjustable production capacity every year.

The Criterion for Judging the Potential Dangers of Major Accidents in Industry and Trade Enterprises was issued one year ago.

The Criteria for Judging Major Accident Hidden Dangers in Industry and Trade Enterprises issued in April last year (hereinafter referred to as the Criteria) is the fundamental basis for industry and trade enterprises to investigate and control major accident hidden dangers. Since the Criteria was issued one year ago, industry and trade enterprises across the country have checked and corrected more than 70,000 major accident hidden dangers, and emergency management departments have investigated and dealt with more than 72,000 hidden dangers, thus accurately controlling a large number of problems.

After the promulgation of the Criterion for Judging Major Accidents in Industry and Trade Enterprises, the Emergency Management Department sent joint law enforcement teams to conduct spot checks in various places. It was found that although most industry and trade enterprises had organized special study and training, they were able to check and correct themselves according to the standards, there were still many principals, safety production managers and employees of industry and trade enterprises who did not learn and apply the Criterion in place. For example, Article 14 of the Judgement Standard stipulates that safety-related facilities and equipment should ensure safe operation and use, otherwise it will be a major accident hazard, and law enforcement inspection found that some enterprises only pay attention to the "presence or absence" of safety devices, and do not pay attention to whether they can really play a role.

In view of the problems found in the spot check, the emergency management department will organize special training in the near future, reinterpret the judgments in key industrial and trade fields such as metallurgy, aluminum processing (deep well casting), dust explosion, and retrain the main person in charge of the enterprise and safety production management personnel. Accelerate the construction and application of monitoring and early warning system. Enterprises in key industries of industry and trade will fully popularize and apply the safety risk monitoring and early warning system, formulate data access specifications around the Judgment Standard, and form a whole chain closed-loop management mode of monitoring and early warning, law enforcement inspection and rectification of major accident hidden dangers. In addition, the Emergency Management Department will also provide assistance and guidance to areas where production safety accidents occur frequently in the industry and trade industry, so as to promote the relevant areas to further understand the Judgment Criteria and accurately judge and investigate major accidents.

[Attracting visitors from all directions and making friends all over the world] China’s opening to the outside world is stable and far-reaching.

The 4th China International Consumer Goods Expo officially opened.

On April 13th, the 4th China International Consumer Goods Expo officially opened in Hainan.

A number of new product launch activities covering scientific and technological products, food and health products, cosmetics and other fields were launched. Purchasing delegations from more than 10 key countries and regions such as Britain, Singapore, South Korea and Japan, as well as more than 100 senior executives of global head enterprises attended the meeting to participate in business activities.

The preparations for the 135th Canton Fair are progressing smoothly.

The 135th China Import and Export Fair (Canton Fair) will be held in Guangzhou from April 15th to May 5th, which is more innovative. At present, the preparatory work is progressing smoothly. Among the exhibitors in this Canton Fair, there are more than 3,000 high-quality enterprises with special features, such as "little giant" enterprises, national high-tech enterprises and individual champions in manufacturing, which is 20% higher than the previous one. More digital and intelligent, with nearly 3,600 exhibitors related to digital technology and intelligent manufacturing.

As of April 12th, 137,000 overseas buyers from 215 countries and regions have pre-registered.

[Speeding up the construction of key projects in an all-round way]

Bridge load test started in deep middle passage.

Guangdong Communications Group announced on April 13th that the Guangdong-Hong Kong-Macao Greater Bay Area Super Project Deep Passage has successfully entered the stage of bridge load test. Next, a maximum of 136 large freight wagons with a total weight of about 5,000 tons will conduct a "physical examination" for the Zhongshan Bridge, Lingdingyang Bridge and the non-navigable approach bridge in the deep middle passage. It is understood that the load test work of the deep middle passage bridge project will last until April 17.

The Shenzhen-China Passage is a world-class cross-sea cluster project of "bridge, island, tunnel and underwater intercommunication", with a total length of about 24 kilometers. At present, the electromechanical, traffic safety, pavement, housing construction and other ancillary projects of the Shenzhen-China Passage are being fully promoted, sprinting for opening to traffic in June. After the project is completed and opened to traffic, the journey from Shenzhen to Zhongshan will be shortened from about 2 hours to 30 minutes.

Centralized repair in Zhengzhou Bureau of Beijing-Guangzhou Railway started in an all-round way.

Beijing-Guangzhou Railway is the traffic artery of the north-south railway in China, and the passenger and freight transportation is extremely busy. In order to ensure the safety and smoothness of the line, Zhengzhou Bureau of China State Railway Group Co.,Ltd. began to carry out centralized repair of the line in the pipeline at 18: 00 on April 11th, and it is planned to be completed at 18: 00 on May 7th. This centralized repair will use 26 construction "skylights" to complete a number of tasks, such as 24.61 kilometers of large machine screen cleaning, 46.9 kilometers of overhaul and track change, 24 sets of switches replacement, and 609.48 kilometers of catenary comprehensive inspection.

Liaoning: 49 major power grid projects started construction.

A few days ago, 49 major power grid projects in Liaoning started construction with an investment of more than 20 billion yuan. The 49 major power grid projects under construction include service industry development projects, new energy delivery projects, power delivery projects, etc., involving clean energy consumption, major project requirements and other aspects.

At present, the basic pattern of energy in Liaoning is that the west is a clean energy base, the middle is a load center, the south is a base for offshore wind power and nuclear power, and the east is planned to build a pumped storage base in the future. The electricity generated by the new energy base in western Liaoning can’t be consumed locally, but the area that can really absorb a lot of this electricity is in the middle. Many departments in Liaoning have transferred the power supply from the west to the load area in the middle through the optimal allocation of the power grid.

[Releasing vitality in the flow] China’s economic development contains great potential.

The construction of modern railway logistics system in China has been accelerated.

Reducing the logistics cost of the whole society is an important measure to improve the economic operation efficiency. In the first quarter of this year, China accelerated the construction of modern railway logistics system, helped reduce the logistics cost of the whole society and served the development of the real economy.

Not long ago, the first "one single system" Tiehai Express train in Northeast China left Fujin Station in Heilongjiang Province. The biggest feature of this train is that enterprises only need to sign a document with the railway carrier to make a settlement, which eliminates many logistics links. In the past, enterprises were required to dock with several units such as railways, ports and shipping companies, and the procedures were cumbersome.

Accelerating the development of multimodal transport "one single system" is one of the innovative measures to effectively reduce the logistics cost of the whole society. This year, China has vigorously developed multimodal transport with railway transportation as the backbone, scientifically allocated transportation resources, optimized transportation processes, and accelerated the construction of modern railway logistics system. Up to now, all the 40 railway logistics centers planned by the National Railway Group have been established, which indicates that the construction of modern railway logistics system has made important progress.

According to the data of China State Railway Group Co.,Ltd., up to now, the number of national express trains has reached 340, and 165 railway logistics bases have been built. In the first quarter of this year, the container combined transport of molten iron reached 3.3 million TEUs, up 11% year-on-year; There are 186 general contracting projects for railway development and logistics in China, with an annual contracted transportation volume exceeding 280 million tons. This year, China will continue to strengthen the construction of special railway lines and logistics bases in key areas to further enhance the market competitiveness of railway freight.

China-Laos Railway has sent 700,000 passengers on the first anniversary of the opening of international trains.

On April 13th, the first anniversary of the opening of China-Laos Railway International Passenger Train, a total of 700,000 passengers were sent, including 180,000 cross-border passengers from 87 countries and regions. On April 13th, a pair of international passenger trains was added between Xishuangbanna, China and Luang Prabang, Laos, realizing the same-day round trip between the two places.

The number of people entering and leaving Jiangsu has risen sharply for five consecutive months.

Affected by factors such as the continuous improvement of the economic situation, at present, cross-border tourism, employment, business and other inbound and outbound passenger flows at various ports in Jiangsu have maintained a sharp upward trend for five consecutive months.

The reporter learned from Jiangsu Border Inspection Station that in the first quarter of this year, Nanjing Border Inspection Station inspected a total of 1.084 million people entering and leaving the country, up 163.1% year-on-year, of which 85% people entered and exited from airport ports, and Jiangsu residents entered and exited 513,000 people from various ports open to the outside world in Jiangsu Province, up 2.5 times year-on-year.

As the largest airport port in Jiangsu, Nanjing Lukou International Airport has played a powerful supporting role as an important hub of domestic and international double circulation, and the inbound and outbound passenger flow accounts for two-thirds of the total inbound and outbound passengers in the province. At present, Lukou International Airport has 18 destinations in 9 countries and 3 regions, 2 intercontinental routes in Sydney and Milan, 11 Asian routes in Japan, South Korea, Singapore and Thailand, and 5 Hong Kong, Macao and Taiwan routes operate stably.

[In 2024, the Spring Breeze Action closed with over 43 million posts]

The reporter learned from the Ministry of Human Resources and Social Security that the Spring Breeze Action in 2024, which provides employment services for workers and employers, has just ended. During this period, 64,000 recruitment activities were held and more than 43 million jobs were released.

During the Spring Breeze Operation this year, the number of recruitment events and posts held nationwide increased by 10% compared with last year. Many places have also introduced reward and compensation policies, such as keeping jobs and quickly reworking, and issued employment subsidies of more than 6.6 billion yuan, helping more than 60,000 key enterprises to solve the employment needs of more than 400,000 people.

According to the big data analysis of the National Human Resources Market Information Monitoring Center, during the Spring Breeze Operation, the manufacturing industry is still attracting large employment, and the recruitment demand accounts for 35% of the country; The demand for technical skills has expanded significantly, and the demand structure with general workers has changed from "37 to 55", especially for professionals such as artificial intelligence and big data.

In addition, the recruitment demand of small and micro enterprises nationwide has increased significantly, and the demand for service jobs such as nursing, retail, accommodation and catering, cultural tourism and transportation has increased.

[Scientific and technological innovation to achieve new breakthroughs, key core technologies have achieved fruitful results]

"Tiandu" satellite returns the latest image, and the verification of the new technology of lunar navigation is progressing smoothly.

On April 13th, the reporter learned from the Deep Space Exploration Laboratory that Tiandu-1 and Tiandu-2 pilot satellites, which went to the moon with Queqiao-2 relay star, successfully carried out new technology tests such as high-reliability transmission and routing between the moon and the earth, and sent back the latest close-range images of the moon. Subsequently, the experimental star will carry out a series of experiments on new technologies of lunar communication and navigation, which will provide strong support for the design and construction of the international lunar research station and the Queqiao integrated constellation system.

The first black-flowered space peony in Luoyang, Henan Province passed the preliminary examination of new varieties.

Recently, in the space breeding base of Luoyang International Peony Garden, Henan Province, a "space black peony" bloomed brilliantly. This peony named "Han Mo Dan Qing" has just passed the preliminary examination of the China Flower Association Peony New Variety Approval Committee, which also means that this unique peony variety is a step further from the official appearance.

The reporter saw in the space breeding base of Luoyang International Peony Garden that this flowering "space black peony" is about 1 meter high. On the peony plant with a corolla area of about 1.5 square meters, eight or nine disc-sized peony flowers are blooming, which are red and black. Compared with the bright peony flowers, it is deeper and more restrained.

It is understood that in 2011, 982 seeds of Luoyang Peony and Paeonia lactiflora were selected by Luoyang International Peony Garden and launched with shenzhou spaceship for space breeding. The seed of this peony is one of them, then it bloomed for the first time in 2018, and after six years of careful cultivation, it was finally named "Han Mo Dan Qing" this year. Black peony varieties generally belong to mid-late flowering varieties, but the flowering period of "Hanmo Danqing" in space breeding is about 7 days earlier than that of ordinary black peony.

[Damei China scroll slowly opens biodiversity to show charm]

Xinjiang enters the flower viewing season "flower economy" to boost rural revitalization

Flowers bloom for the second time, and the north and south of Tianshan Mountain enter the flower viewing season. The "flower economy" in Xinjiang, which takes flowers as the medium and promotes agriculture, is becoming a new engine of rural economy.

In Tulgen Township, xinyuan county, on the northern slope of Tianshan Mountain, the well-known Wild Apricot Valley entered its full bloom. The snow-capped mountains stretch in the distance, and the spring is abundant in the vicinity, attracting tourists from all over the country to punch in.

With the encouragement of the government, hundreds of families in Tulgen have had a "tourist meal" by changing "face value" into "output value". Azati Nursutan has opened a restaurant in recent years, and a flower viewing season can bring considerable income to his family. This year, he newly renovated his home room and started a homestay.

In Tumushuk on the western edge of Taklimakan Desert, the blooming prunes adorn the countryside. In the past two years, the local area has gradually formed a characteristic industrial chain from planting and development to processing and sales. The development path of "flowers in spring, fruits in summer, harvest in autumn and processing in winter" has made everyone’s wallets more and more bulging.

Rose in Hotan, lavender in Yili and peony in Bozhou … At present, in the north and south of Tianshan Mountain, edible, medicinal, industrial flowers, ornamental seedlings and other varieties go hand in hand and develop in scale. The flower planting area in Xinjiang is stable at about 400,000 mu, with an annual output value of 600 million yuan. Xinjiang proposes that through the coordinated development of the primary, secondary and tertiary industries, a complete flower industry system will be basically established by 2035, and the annual sales will exceed 1 billion yuan.

Yunnan Green Spring: Punching a hole with a baby pangolin is "busy" in spring

In spring, everything recovers, and pangolins are also "busy", and they have to dig holes and "take the baby" out for a walk. Next, let’s take a look at Luchun County, Honghe, Yunnan.

In the picture, this wild pangolin buried its head in the hole, half of its body was still in the hole, and soon it dug up a pile of soil. Then it withdrew from the earth hole, took a short rest, and continued to start "construction". This is a picture accidentally taken by a local villager in Lvchun County, Honghe, Yunnan Province, when he was working in the mountains recently. Pangolin’s forelimbs are strong and its claws are very hard, and it is very skillful when digging holes.

Previously, the local area also accidentally photographed the pangolin "traveling with a baby". A small pangolin in MengMeng lies tightly on the parents’ back, with its front paws still swinging back and forth uneasily, while the strong pangolin parents climb up with their babies firmly on their backs.

Pangolin is a national first-class protected animal, which has a long breeding cycle and low breeding efficiency, and the overall number is extremely rare. They are timid by nature, and it is difficult to be observed during the day.

BMW has added "new members", and its comprehensive strength is really comprehensive.

The overall design is classic, but it does not lose the sense of movement. The front of the new car is equipped with a large-size air intake grille, which obviously enhances the sense of movement. The sharp headlights on both sides and the internal light groups are patchy, and they are bright when lit. Judging from the side waistline, the new car is still full of body lines, and the tradition of wide C-pillar continues, which helps to highlight the shape of BMW X4. At the same time, the reasonable proportion of luggage compartment cover and enclosure also gives the rear design a delicate and smooth visual center of gravity, and the details of suspended taillights have become sharper after re-sketching.

The interior of the new BMW X4 is bright as a whole, and it feels like home in the car. At the same time, it is equipped with a shift paddle, which is very practical. The central control surface is covered with leather material, which improves the touch. It is equipped with a 10.25-inch LCD screen, which is clear in display and relatively young in design. The front row is also equipped with a dual-temperature automatic air conditioning control system, which can freely debug the most comfortable space atmosphere. At the same time, the new car also provides leather seats, which can bring certain comfort.

The length, width and height are 4762×1926×1632mm respectively, and the wheelbase has reached 2864 mm. In the same class, the wheelbase of BMW X4 ranks 101st. As an SUV, its body size does not occupy much advantage in its class, and its internal seating space is only basically enough. After all, it is limited by the length and shape of the body. The skylight of BMW X4M40i provides a wider field of vision, which can create a better visual environment and good sensitivity for the rear passengers, and increase the light intake for the whole vehicle. Among the models of the same price and class, the trunk volume of BMW X4 ranks 159th. The shape is very regular, and the storage volume is absolutely no problem for daily use.

BMW X4M40i uses a 3.0 engine, with a maximum horsepower of 333 and a peak torque of 500, matching the automatic manual transmission (AT). It will definitely bring unforgettable control charm. The official measured acceleration of BMW X4 is 5.2S, ranking 109th among SUV models with more than 800,000.

The active/passive safety configuration of BMW X4 is complete, includingAutomatic parkingZero tire pressure endurance tireAutomatic parkingSteep slope descenthill start assist controlknee airbagHUD head-up displayAnti-lock braking (ABS)Braking force distribution (EBD/CBC, etc.)Brake assist (EBA/BAS, etc.)Traction control (ASR/TCS, etc.)Active noise reductionEngine start and stopSide safety air curtainWireless charging of mobile phonenight vision systemLED daytime running lightsForward reversing radarTire pressure monitoringSteering wheel heatingBody stability control (ESP/DSC, etc.)Rear reversing radarFatigue reminderRemote parkingChild seat interfaceLane keeping (LKAS)Equal configuration.

Among them,Automatic parkingYou can avoid stepping on the brakes for a long time or needing to pull frequently;Steep slope descentCan safely pass through steep slope road conditions at low speed;knee airbagReduce the injury of the car interior to the occupant’s knees in the secondary collision.

In addition to the above description, we can also go to the Easy Car Forum to browse more real car feedback from actual buyers, or use our experience.

Beat Chongqing’s winter hot spring in the main city+roast whole sheep. Take it away!

"You wear short sleeves in the house in the north and I tremble in the bed in the south."

Accompanied by the end of the year is a burst of winter wind, blowing people shivering.

At this time, it is time to move out the magic weapon for heating that has been treasured for many years.

Soak in a hot pool and a hot spring & eat a strong roast whole lamb

The end of the year is a good time for the company to build a group and get together with relatives and friends.

Don’t be extravagant in winter, get some of these comfortable boards.

Eat roast whole sheep and get; rid of cold; Soak in hot springs and get rid of the cold!

Yubei District

Bubble: Tongjing Hot Spring 

As a 4A-level scenic spot, Tongjing Hot Spring must not lose.

It is covered with light smoke, beautiful environment and natural water quality.

Take charge of mountains, waters, forests, springs, gorges, caves and waterfalls.

Tianchi, Island and Ancient Village are called natural museums.

Soak in the hot springs and enjoy the beautiful scenery around you.

I am lucky to see wild monkeys.

Address: No.66 Jingquan Road, Yubei District

Eat:Tongjing roast whole lamb 

In Tongjing Hot Springs, you can not only soak in hot springs but also eat roast sheep.

If you have accommodation needs, you can book a room directly.

The roasted sheep here are all grazing goats raised by local farmers.

Charcoal baking is healthy and healthy.

Address: No.66 Jingquan Road, Yubei District

Beibei district

Bubble: Bailian Hot Spring 

Bailian Hot Springs is located on the edge of the cliff of the historic North Hot Springs.

Jialing River runs away from its feet. Adjacent to the ancient temple

Gather the aura and fairy spirit of Jinyun Mountain.

It has 26 hot spring Tang Chi with different styles, all of which are outdoor.

Embedded in a green forest.

Address: North Hot Spring Park, Beibei District

Bubble:Banyan tree 

Banyan Tree Beibei is located at the foot of Jinyun Mountain.

Have a quiet atmosphere close to nature and full of spirituality.

Chinese architecture and unique environment with the style of the Republic of China

Known by netizens as "the most beautiful hotel in history"

The price of hot springs is moderate. At this price,

Soak in this environment, cost-effective der~

Address: No.101 Wenquan Road, Chengjiang Town, Beibei District

Bubble:Xinjing hot spring 

Xinjing Hot Spring is built in accordance with Jinyun Mountain, and is born in close proximity to Jialing River.

There are 30 hot spring pools hidden in bamboo forests.

So it is also called "bamboo forest hot spring"

It perfectly integrates mountains, water, bamboo, springs and forests.

It is a theme hot spring with distinctive bamboo culture.

Address: No.1 Yunhe South Road, Shili Hot Spring City, Jinyun Mountain, Beibei District

Bubble:Haiyu yunshui hot spring 

Haiyu Yunshui Hot Spring is the only one in Beibei District.

Hot springs in five-star hotels

The spring water comes from a high-quality hot spring with a depth of 1600 meters underground.

Homogeneity with the famous North Hot Springs.

Address: No.198 Shuangyuan Avenue, Beibei District

Eat:Xinjing roast whole lamb 

Xinjing roast whole lamb is made of local black goat.

Use the original forest charcoal and marinate it for 2 hours with the exclusive secret recipe.

After 5 hours of artificial baking. Golden and shiny roast whole lamb,

The external meat is brown and crisp, and the internal meat is soft and tender.

The mutton smells fragrant, mellow and delicious.

With a milky white mutton offal soup, absolutely!

Address: No.1 Yunhe South Road, Shili Hot Spring City, Jinyun Mountain, Beibei District

Eat:Cableway roast whole lamb 

The ropeway roast whole lamb is located under the ticket office of Jinyun Mountain ropeway.

The price is very cheap, and it is close to those hot springs in Beibei.

Beibei’s old brand roast whole sheep has a super good business.

The meat is crisp outside and tender inside, and the sea pepper noodles on it taste strong.

Address: No.210, Beiquan Road, Beibei District (near Jinyun Mountain Cableway)

Jiulongpo District

Bubble: Hailan Yuntian Hot Spring 

Hailan Yuntian Hot Spring is next to Longtan Lake.

Backed by the scenic Jiufeng Mountain and Baitaping Forest Park.

It can be called "Xanadu" in the center of the city.

Hot springs are taken from underground natural hot spring water, and the temperature is about 40℃

There are about 21-30 open-air hot springs, Tang Chi and swimming pools.

Address: Hailan Yuntian Hot Spring Resort Scenic Spot, Yunyao Road, Jinfeng Town, Jiulongpo District

Bubble: Bedi Yiyuan Hot Spring 

The water temperature of Bedi Yiyuan Hot Spring is 52℃

From the 2800-meter deep vein of Zhongliang.

Rich in various trace elements, it nourishes people wholeheartedly.

There are more than 30 Tang Chi with various themes, as well as private soup houses.

Address: No.288 Nongke Avenue, Jiulongpo District (Bedi Yiyuan Resort)

Bubble: Pushi Hot Spring in Shangbang 

Shangbang Pushi Hot Spring originates from 2900 meters underground.

Pure and natural, it is a neutral calcium sulfate medical health hot spring.

There are more than 30 Tang Chi with different functions, which are divided into spa areas.

Fish therapy area, essential oil area, medicated bath health area, etc.

Address: No.3, Banglu Village, Lan Village, Jinfeng Town, Jiulongpo District

Eat:Hai LAN yun Tian roast whole lamb 

Roasted whole lamb in Hailan Yuntian Hot Spring Resort

Pippi is crisp enough for people to eat, and the meat inside is super tender.

Mutton soup pot with unlimited supply of side dishes is excellent!

Address: Hailan Yuntian Hot Spring Resort Scenic Spot, Yunyao Road, Jinfeng Town, Jiulongpo District

Eat:Mu mutton Zhuang roast whole lamb 

Time-honored brands around Hailan Yuntian Resort

It has been open for nearly 20 years, and the venue is relatively large.

Mainly roast whole lamb, roast chicken and firewood chicken. ..

Address: No.100, Hailan Village, Jinfeng Town, Jiulongpo District

Nan ‘an District

Bubble:Haitang xiao yue Shengdihot spring 

It can be regarded as a hot spring closest to the main city.

Located in the original site of "Haitang Yanyu", one of the twelve scenic spots in Bayu.

Hot springs are taken from deep hot water 3000 meters underground.

There are 52 natural hot spring pools.

Address: No.589 Nanping East Road, Nan ‘an District

Bubble: chongqing nanshan Haichang Tangdu 

You don’t have to go to Japan, but you can experience the pure Japanese style in Chongqing.

Everything from the scene to the experience is restored, and men and women are separated from each other.

Tang Chi is divided into indoor and outdoor, each of which has its own different functions.

Address: No.35 Chongwen Road, Nan ‘an District

Eat: Haichang TangduRoast Whole Lamb 

After taking a warm bath, have a bite of roast whole lamb with tender inside and scorched outside.

Really don’t make your wife too happy, okay?

Mutton became golden and crisp because of the fire.

Sprinkle a handful of soul chopped green onion, and the saliva will really be lost.

Address: No.35 Chongwen Road, Nan ‘an District

Eat: old back to XinjiangRoast Whole Lamb 

This is a chain store, but all the reviews are good.

Crispy outside and tender inside is the best evaluation of it.

In the process of eating, you don’t need a knife at all, and you will come with your hand gently tearing the meat.

Single-family environment, Chinese garden style

Address: No.11, No.1 Attached to Yanyu Road, Nan ‘an District

Shapingba district

Bubble: ronghui hot spring 

Ronghui Hot Spring is also a relatively close one to the main city.

Hot spring water is taken from more than 1800 meters deep underground rock.

It has great medical, health care and beauty value.

Of course, the most worthwhile punch is the hot pot hot spring.

Let’s "throw" ourselves into the hot pot this time ~

Address: Lishuwan, No.6 Huiquan Road, Shapingba District (near Three Gorges Square)

Eat: Hailan Yuntian (Mongolia)Roast Whole Lamb 

This sea blue sky is the sea blue sky of Shapingba.

Sitting in a yurt and eating roast whole sheep seems to have gone to Mongolia.

Sheep are of good quality, and the vegetarian dishes and sheep blood are provided free of charge.

Address: No.9 Lizhiqiao, Shapingba District (next to Landi Driving School)

banan district

Bubble: Xiuquan Yingyue Hot Spring 

Banan East Hot Spring has long been famous.

This is the best hot spring in Banan District.

The daily flow of hot springs here is more than 5,000 tons, and it is 52℃ all the year round.

Hot spring water is also a precious mineral water.

Rich vegetation and high cost performance ~

Address: No.102, Dongquan Main Street, Dongquan Town, Banan District

Bubble: Witkasi East Hot Spring 

The hot springs in Dongquan have good water quality.

This family has a quiet environment, and Tang Chi is located in the forest.

It is a natural sulfur hot spring pool, which is divided into ordinary tickets and vip tickets.

Address: No.3, Fuling Street, Dongquan Town, Banan District

Eat: Xiuquan reflects the moon.Roast Whole Lamb 

If you are recommended to soak in the hot spring in Xiuquan Yingyue, you can eat roast whole sheep at his house.

After all, it’s convenient. If there are many people, you can call in advance.

Get discounts on hot springs and roast whole sheep. It’s delicious!

Address: No.102, Dongquan Main Street, Dongquan Town, Banan District

Eat: Happy ForestRoast Whole Lamb 

Punch-in place where country dishes and roast whole sheep are delicious.

Sheep raised in mountainous areas are selected, and the meat is tender and firm.

This is a specialty store of hot springs. Roasted sheep and roast chicken are super happy to eat ~

Address: Dongquan Town, Banan District (near Celestial Hotel)

Original title: Overcoming Chongqing’s winter? 13 hot springs+roast whole sheep, the most detailed raiders, take it away!

[Disclaimer] The texts, pictures, audio and video that are not marked with "Source: Upstream News-chongqing morning post" or "Upstream News LOGO" on the upstream news client are all reposted. If the reposted manuscript involves copyright issues, please contact the upstream news.

Audi A6 was born less than 506,800.

In recent years, the national economy has developed rapidly, and everyone’s income has also increased to a certain extent. It is very helpful for them to have a scooter for their daily commute. What xiaobian wants to introduce to you today is. Let’s take a look at it together.

Let’s take a look at the appearance of the Audi A6 first. The front of the Audi A6 looks very elegant and equipped with a banner grille, which looks sporty. Coupled with sharp headlights, it is in line with consumers’ aesthetics. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, delayed closing, rain and fog mode and so on. Come to the car side, the car body size is 4951MM*1902MM*1504MM, the car uses dynamic lines, the car body gives a very simple and fashionable feeling, with large-size thick-walled tires, the shape is quite eye-catching. At the rear of the car, the rear of the car echoes the front of the car, and the taillights are very delicate, creating a good atmosphere.

The interior of Audi A6 looks clean and the visual effect is very good. The car’s four-position steering wheel is not bad in practicality and face value. It is made of genuine leather and has a sense of design. From the central control point of view, the design of the center console is reasonable, which makes the interior style impressive and looks young and individual. Let Xiaobian introduce the dashboard and seats. The car is equipped with a spiritual dashboard and the shape takes the sports route. The car adopts leather-like seats, which are wide and thick, further improving the comfort of drivers and passengers.

Next, let’s look at the configuration. Audi A6 is equipped with car networking, driving mode selection, remote control key, rear wiper, interior atmosphere light and other configurations.

To sum up: the car introduced today is remarkable in terms of space, configuration and power, and home travel is also a good helper.

403 Forbidden

URL https://www.sport.gov.cn/n20001280/n20745751/c25619656/content.html

d28b8d72871734863720135790ac

171.114.1.65

50th anniversary of Bruce Lee’s death: There is a kind of "legend" called Bruce Lee.

  BEIJING, Beijing, July 20th (Reporter Xing Rui) Fifty years ago today, Chinese martial arts master Bruce Lee passed away. During the filming of the movie "The Game of Death", he died suddenly in his friend’s home, and his life was finally fixed at the age of 32.

  In his short life, Bruce Lee has participated in more than 30 films and 6 TV series, and his fans are all over the world. In the eyes of Americans, he is the "king of martial arts", and in the eyes of Japanese, he is also the "sage of martial arts". But for China fans, the existence of Bruce Lee has a more special significance. He not only influenced a generation, but also changed the image of China people in the minds of westerners.

  "China symbol" in the eyes of Westerners

  American Time magazine once selected "Top Ten Cultural Idols of the Earth in a Hundred Years", among which Bruce Lee ranked fifth. In a sense, he is synonymous with China culture and the loudest business card.

  Bruce Lee was born in the United States, and then returned to Hong Kong with his family. Since the age of seven, he has studied Tai Chi, Wing Chun, Karate, Jiu Jitsu and Taekwondo, as well as Cha Cha and Boxing. He broke the traditional martial arts schools and frameworks, and at the same time, he made China martial arts known to the world.

Data Map: Hongkong launched "Bruce Lee Theme Tram" to commemorate the 80th birthday of Kung Fu superstar. China News Service reporter Zhang Yushe

  In 1959, Bruce Lee was sent to the United States by his family. In 1961, he was admitted to the University of Washington in Seattle, majoring in drama and minoring in philosophy, psychology and other subjects.

  During his stay in the United States, Bruce Lee organized a China Kung Fu team in the school and often performed various martial arts in the school. He had a discussion with Ed Parker, the father of American karate, and also had exchanges with American jujitsu master Willie Jay, Pan American judo champion Hayward Xigang, and Li Junjiu, the father of American Taekwondo.

  What many people don’t know is that the word "kung fu" in English was put forward by Bruce Lee and later written into the English dictionary.

Bruce Lee is in the TV series The Green Hornet.

  In 1966, Bruce Lee played the role of Kato in the Hollywood TV series The Green Hornet, and made his mark with his performance in the play.

  At that time, Bruce Lee, who was ambitious, wrote down his goal straightforwardly: "My clear goal is to become a super oriental superstar with the highest salary in the United States." However, things are far from as smooth as he imagined. What he faced was the arrogance and prejudice of the whole western society towards Chinese.

Data Map: The Hong Kong Heritage Museum once held the exhibition "Ordinary and Extraordinary-Bruce Lee". Photo by Li Zhihua

  Kick the prejudice to pieces

  A director once described Hollywood in the 1960s and 1970s like this: "For many Americans, Asian men are the spokesmen of the enemy."

  Bruce Lee was also frustrated by the stereotyped images of Asians in movies and TV series. Even though The Green Hornet allowed Bruce Lee to exert his fists in film and television dramas, Hollywood’s rejection of Asian actors still kept him in a bind. He refused to accept those roles with strong racial prejudice.

  "When Chinese people appear, it’s always the same sound. Damn it! " Bruce Lee once personally expressed his dissatisfaction in an interview.

  But what he did was not just complain, he wanted to change all this. Making China’s kung fu famous in the world is the way he chooses to fight back.

Data Map: The bronze statue of Bruce Lee erected on Hong Kong Avenue of Stars. China News Service reporter Zhang Yushe

  During his study in the United States, Bruce Lee opened the first martial arts museum, Zhenfan National Art Museum, which attracted martial arts lovers from all over the world and created a precedent for the inheritance of China Kung Fu in the United States.

  Zhen Fan, the real name of Bruce Lee, means "awakening and shocking the foreign countries". Before his death, he talked about the reason for opening the martial arts school: "I hope to let the world know the profoundness of Chinese martial arts."

  Gradually, Bruce Lee founded and developed Jeet Kune Do, and successfully put China Kung Fu on the big screen.

Bruce Lee is in the movie "Tangshan Big Brother".

  In the 1970s, Bruce Lee, unwilling to play a supporting role in Hollywood, returned to Hong Kong for development. He made five films and a TV series. Almost every movie, from Big Brother in Tangshan to enter the dragon, has achieved unprecedented success.

  In the movie "Jingwumen", he kicked the sign that "Chinese and dogs are not allowed in" and shouted "China people are not the sick man of East Asia".

  These films show the indomitable spirit and indomitable spirit of China people, arouse the resonance of Chinese people all over the world, and inspire the fighting spirit of the whole nation. The image he created as a "hero of China" is gradually recognized by the world.

  Perhaps this is the significance of Bruce Lee’s surpassing the times.

Bruce Lee’s epitaph.

  In the days when he left, people’s memory of him increased. The English epitaph in front of Bruce Lee’s grave is engraved with the following sentence: "Your enlightenment will continue to guide us to personal liberation."

  A few words not only describe his fleeting life, but also continue to tell his legendary story today after he left for 50 years. (End)

1500+ Tucki P7 owners also launched rights protection! If you don’t honor OTA upgrade and abandon old users, AEB is useless.

Xpeng Motors has recently stood on the cusp. First, the incident of P5 car owners’ rights protection caused a lot of noise in the circle of riders. After that, there was a dispute with Huawei’s AEB, and it was "hanged" by friends in the actual measurement. Although the situation temporarily subsided with Yu Chengdong and He Xiaopeng shaking hands, Xpeng Motors could be said to have lost face, and Tucki car owners also buried it in their hearts.unhappyThe seeds of ".

Now, following the joint rights protection of Tucki P5, more than 1,500 Tucki p7 car owners have also published a letter to Tucki CEO He Xiaopeng, also claiming that they are suspected of false propaganda.Smart driving system, abandoning old users, and especially questioning the performance problems of its AEB.

(The picture is from the Internet and has nothing to do with this incident.)

Some time ago, hundreds of Tucki P5 cars publicly defended their rights, saying that Xpeng Motors failed to open the city’s NGP function as promised, which caused quite a controversy in the automobile circle. In response, Xpeng Motors said that he would continue to upgrade OTA and issue a voucher of 20,000 yuan to purchase Tucki G6, P7i, G9 and X9 vehicles equipped with XNGP intelligent driver assistance system. (Full content view: Tucki responded to the collective rights protection incident of P5 car owners: continuous OTA upgrade, and issued 20,000 yuan vouchers.)

Perhaps it was because the riders’ demands were responded, and the owners of Tucki P7 couldn’t sit still and took the same approach to launch rights protection.

The joint letter of the owner of Tucki P7 adopted the template of the owner of P5, and some of the contents were basically the same as those of the owner of P5. It is said that the official has publicized that the Tucki P7 exclusive edition model will be equipped with the XPILOT3.0 automatic driving assistance system as standard, and the optional price of other models is 36,000 yuan, which will be upgraded to the XPILOT4.0 automatic driving assistance system in the future. But up to now, Tucki officials still haven’t mentioned when to upgrade XPILOT 4.0.

On the Science and Technology Day on October 24th this year, Xpeng Motors announced that XNGP will support automatic assisted driving in 25 to 50 cities by the end of this year, and described the new G6, G9 and P7i in detail, but said nothing about the automatic assisted driving of P7 Extreme Edition.

P7 car owners can’t help but question that "every time Xpeng Motors releases a new car, it will abandon its old users".

In addition, the owner of P7 also said that he had complained many times about the slow start-up of the car system, stuck interface, frequent crashes and navigation failures, but the official ignored them. Recently, the topic of AEB is hot, and the owner also pointed out that "Xpeng Motors AEB exists in name only and has already hit it.Are not activated.”。

At the same time, the owner of P7 compared the practices of a number of friends. Krypton, Weilai, LI and Blueprint all have measures to upgrade and update old users, and sorted out the quotation fees of friends, some of which are even free!

On the other hand, in Xpeng Motors, we choose to put it off again and again in dealing with the problems left over by history, so that car owners can give up automatically.

In view of the above problems, Tucki P7 car owners put forward nine demands, including the replacement of car chip, OTA upgrade, software version update and so on, hoping that Xpeng Motors will reply.

The joint letter was originally released on the 8th of this month. At that time, 290 Tucki P7 car owners participated. By the afternoon of the 10th, the number had exceeded 1,500, and Tucki officials have not yet responded.

Author: MANU

Source: First Electric Network (www.d1ev.com)

Huawei Mate XT is too hot! Xiaomi also wants a three-fold screen mobile phone? The latest news

  Every edited Huang Sheng

  According to the information of China National Intellectual Property Administration website, a design patent of "Mobile Phone and Its Main Body" applied by Beijing Xiaomi Mobile Software Co., Ltd. on December 21st, 2022 was authorized and published. The patent is a design scheme of a three-fold screen mobile phone.

  According to the information on China National Intellectual Property Administration website, the patent authorization announcement number is "CN308817132S", and the application date is December 21st, 2022. The designers are Jiang Xinyi and Wang Yi. There are two design schemes, but they are all folded in a zigzag manner consistent with Huawei.

  On September 10th, Yu Chengdong, Chairman of Huawei BG and Chairman of BU, a smart car solution, announced the launch of Mate XT, Huawei’s first three-fold screen mobile phone with a 10.2-inch screen, which is known as the world’s largest and thinnest folding mobile phone.

  Yu Chengdong said that Huawei’s three-fold screen mobile phone will rewrite the history of the industry, make science fiction a reality and lead a new era of folding. At the press conference, Yu Chengdong also thanked the consumers for their support.

  

  Image source: live screenshot

  Yu Chengdong also announced the price of Huawei Mate XT products. The minimum configuration is 16GB+256GB, and the price is 19999 yuan. The price of 16GB+512GB version is 21999 yuan, and the price of 16GB+1TB version is 23999 yuan. The sale time is 10: 08 on September 20, and the reservation has been opened since September 7.

  

  Yu Chengdong said that Huawei Mate XT, with a 10.2-inch screen, is the world’s largest folding screen mobile phone, which can be used with one fold, two fold or three fold. The unfolded thickness is only 3.6mm, and the back of the fuselage is made of plain leather, equipped with an octagonal lens module, which has two colors: red and black. Yu Chengdong introduced that the team has developed this product for five years.

  

  

  As of press time, Huawei Mall shows that the number of reservations for Huawei’s three-fold mobile phone, Huawei Mate XT extraordinary master, has reached 6.42 million. This new product will be on sale at 10:08 on September 20th.

  

  Counterpoint Research recently released a tracking report on the shipment of folding screen smartphones, saying that the global shipment of folding screen smartphones increased by 48% year-on-year in the second quarter of 2024, and China continued to lead the growth of the folding screen mobile phone market, accounting for more than half of the total shipments. The folding screen market, once dominated almost entirely by Samsung, has now become a fierce competitive battlefield among mobile phone brand manufacturers. The agency also said that despite fierce competition in the market, Huawei still ranked first in the market share of folding screen mobile phones in China in 2023, accounting for as high as 39%.

  IDC recently released a report saying that China manufacturers have actively invested in and laid out folding screen mobile phones, making China the largest folding screen mobile phone market in the world. It is predicted that China’s folding screen mobile phone market will occupy about 40% of the global market share for a long time. With the improvement of hinge, screen and other related technologies, the yield has been improved, and the price of folding screen mobile phones is expected to continue to drop. It is estimated that in 2024, the shipment volume of China folding screen mobile phone market will be about 10.68 million units, a year-on-year increase of 52.4%; By 2028, the shipment of folding screen mobile phones in China will exceed 17 million units, with a five-year compound growth rate of 19.8%.

  IDC believes that the three-fold screen mobile phone will further promote the development of the folding screen mobile phone market in terms of hardware, software ecology and usage scenarios.

  National business daily comprehensive public news

How to choose AT, CVT and dual-clutch automatic transmission family car!

Family carThere are generally three types of gearboxes, AT, CVT and dual clutch. American GM and Ford generally use AT, Japanese mostly use CVT (AT), German mostly use dry dual clutch (self-priming is matching Aisin 6AT), Korean mostly use AT and dual clutch, and domestic majority. What kind of gearbox is good? Each has its advantages and disadvantages! Let’s share our choices about:

AT gearbox

1. love letter AT. The external sales of this gearbox should be the most. The quality and stability market can show that some domestic models are also equipped with Aisin 6AT and 8AT. This brand AT has smooth gear shifting, good fuel economy and can adapt well to different road conditions. Among them, 6AT is divided into high and low power versions, which seems to be the low power version, but it is completely sufficient for the self-priming engine, and it is equipped with the high power version.

2. ZF 8AT. This gearbox has strong performance and high efficiency, and is basically used in German luxury brands, such as BMW 3, 5 and 7 series, and some models are also equipped.

3. Universal 9AT. This gearbox has a moderate upper and lower speed, but the throttle response is fast after the speed goes up. Secondly, Ford 8AT was developed in cooperation with GM, and one group was reduced on the basis of 9AT.

4. Modern 6AT and 8AT. Modern AT has strong stability and good ride comfort. Because the modern gearbox and engine are not only developed by themselves, but also the control programs of the engine and gearbox are developed by themselves, they feel good ride comfort when driving, and generally carry their own models.

5. Fuzhen 8AT. The first self-developed AT gearbox in China, many AT gearboxes are basically in the hands of international first-line car companies. Under such circumstances, it is very difficult to develop AT, which is worthy of admiration. Just like, this is not something that can be done overnight, but a long-term persistence. The new engine 2.0T is equipped with this gearbox.

6. AT gearbox structure. Mainly planetary gears, generally there are several groups of planetary gears with several gears. The power output by the engine is transmitted by the oil in the hydraulic torque converter in the gearbox, and it will lock up when the speed reaches a certain level. Compared with dual clutch, AT has smaller volume and more mature technology.

continuously variable transmission

CVT gearbox, two combinations, chain or steel belt is in the middle of two vertebrae, and the chain type can bear more than the steel belt type. The advantages of CVT are better ride comfort in power transmission than dual clutch, low cost and fuel economy. Disadvantages can not bear large torque, family cars are generally CVT, luxury cars rarely use CVT. Pro uses steel chain CVT, which is not easy to slip compared with steel belt type.

Dual clutch and manual gearbox are somewhat similar. Double clutch can be divided into wet clutch and dry clutch. The main difference between dry clutch and wet clutch is that the oil is added around the clutch plate, so the heat dissipation is relatively better. Theoretically, wet clutch is better than dry clutch. The advantages of dual clutch are fast shifting and high power transmission efficiency. The disadvantage is thAT the smoothness of at and CVT gearboxes is slightly worse. Most models under 150,000 are dual-clutch, but due to the fast shift, most of them use dual-clutch gearbox, but the quality is definitely higher.

summary

There are no perfect products, only products that suit you! Among the three, AT is more comprehensive, combining the advantages of CVT and dual clutch, but it is expensive, while CVT and dual clutch have their own advantages and disadvantages.

This article is purely personal sharing, thank you for reading!

Share more car knowledge later!

How big is the impact of the epic slump in global financial markets on A-shares?

  Beijing, March 10 (Reporter Cheng Chunyu) The US WTI crude oil futures recorded the largest intraday decline in history, the US stock market rarely triggered the fuse mechanism, the US treasury bond futures "daily limit", and more than half of the world’s important stock market indexes fell by more than 6%. March 9, 2020 is destined to be a day worth recording in the history of global financial markets.

  Data Map: new york Stock Exchange.

  set records

  — — Crude oil futures hit the biggest intraday decline in history.

  After the Organization of Petroleum Exporting Countries (OPEC) failed to reach a production reduction agreement with oil-producing countries, Saudi Arabia drastically cut oil prices, which led to a sharp drop in international oil prices. Brent crude oil futures plunged 30% to $31.02/barrel in early trading, the lowest level since February 2016; US WTI crude oil also plunged 27% in early trading, and once fell more than 33% in intraday trading to $27.34, setting a new record for the largest intraday decline in history.

  — — US stocks rarely trigger fuse mechanism.

  The U.S. stock market plunged at the opening, and the S&P 500 index fell by 7% at the beginning of the session, triggering the first-level fuse mechanism, causing the U.S. stock market to suspend trading for 15 minutes. This is the first time since the financial crisis in 2008 that US stocks have been blown down due to a sharp fall. There are even media reports that this is the second real fuse in the history of US stocks. The last real fuse of US stocks was on October 27, 1997.

  — — More than half of the important stock indexes fell by more than 6%

  According to Wind’s statistics, among the 16 important indexes of global stock market, on the 9th, in addition to the three major indexes in the United States, the FTSE 100 in Britain, DAX in Germany, CAC40 in France, Nikkei 225, Standard & Poor’s 200 in Australia, etc., a total of nine indexes fell in intraday trading, and even closed down more than 6% on the same day. The three major European stock indexes fell more than 8% in intraday trading, followed by the China Shanghai Composite Index, which fell by about 3%.

  — — Us debt futures "daily limit", yield hit a record low

  Under the safe-haven demand, the influx of funds caused the US 10-year treasury bond futures to hit the upper limit and the trading was temporarily suspended. The yield of the US 10-year treasury bond once fell to a record low of 0.318%, with an intraday decline of nearly 40%. The 30-year US Treasury bonds once dropped to 0.702%, continuing to hit a record low, with a daily decline of nearly 30%. Moreover, as the leading indicator of economic recession, the yield curves of 3-month and 10-year US government bonds were once upside down, which sounded a panic alarm.

  — — The price of gold returned to $1,700 per ounce after eight years.

  After the sell-off of crude oil and stock market, investors flocked to the safe-haven assets including precious metal gold. On the 9th, the international gold futures price broke through the $1,700/oz mark, the highest since December 2012.

  source map

  (blasting) fuse

  — — The price war of crude oil suddenly opened after six years.

  Affected by the COVID-19 epidemic and other factors, the U.S. stock market plunged continuously. In view of the evolving risks brought by the epidemic to economic activities, the Federal Reserve cut interest rates by 50 basis points on the 3rd, and then the U.S. stock market fluctuated widely, and a roller coaster market was staged last week.

  "The crude oil price war started in Saudi Arabia over the weekend became the fuse of the global financial market’s plunge on the 9th." According to foreign media reports, Russia refused to cut production at the OPEC+policy meeting on March 6, and OPEC and its allies in oil-producing countries failed to reach any production reduction agreement, which means that from April, OPEC-related oil-producing countries will completely liberalize production restrictions.

  On March 7th (Saturday), Saudi Arabia, the main OPEC country, drastically reduced the price of crude oil sold to foreign markets such as Europe, the Far East and the United States, with the largest discount in more than 20 years, in order to attract foreign refineries to buy Saudi crude oil. Saudi Arabia also said that if the market needs it, Saudi Arabia can reach the level of 12 million barrels per day.

  The market generally believes that after a lapse of six years, Saudi Arabia took the initiative to start a crude oil price war, which exceeded the market’s previous expectations. Previously, many financial analysts predicted that OPEC would further cut production to boost oil prices.

  On the 9th, US President Trump sent a tweet to appease the panic market. It said that the debate between Saudi Arabia and Russia on oil prices and production, as well as the false news spread by political opponents, were the reasons for the stock market decline that day, and the decline in gasoline prices was also a good thing for ordinary consumers.

  ChrisRupkey, an economist at Mitsubishi UFJ Finance, said: "The plan to reduce oil prices will make more cash flow into people’s hands, which can drive consumer spending and boost the economy, but this does not seem to alleviate the impact of the stock market on investors. The plight of Wall Street may have a negative impact on the economy. "

  "The plunge in oil prices has once again aggravated the fragility of the market," JasonDaw, head of Asian foreign exchange strategy at Societe Generale, told the media. "The longer the global epidemic lasts, the greater the risk of a full-scale crisis."

  afternoon trading

  — — Will crude oil prices continue to fall?

  On the 9th, the international oil price plummeted, once falling more than 30%, setting a new record for the biggest intraday decline in history. NYMEX crude oil futures closed down 26.74% to $30.24/barrel, the lowest since February 2016; Brent crude oil futures fell 26.24% to $33.39/barrel, both the biggest one-day declines since the Gulf War in 1991.

  As of press time, the price fluctuation of energy and chemical futures such as crude oil.

  In the latest report, Goldman Sachs analysts said that Brent crude oil price may drop as low as $20 per barrel, which will test some oil producers. "The price war has completely changed the prospects of the oil and gas market. Goldman Sachs lowered its oil price forecast for the second and third quarters to $30 per barrel."

  Hong Hao, managing director and head of research department of Bank of Communications International, believes that the impact of the oil crisis is reflected in the following aspects: the price of junk bonds in the United States will plummet, the stability risk of the financial system will rise, and the expectation of deflation will increase the difficulty of monetary policy.

  However, in the view of Xi Jiarui, a senior analyst of Jinlianchuang Crude Oil, this oil price drop will not become a long-term trend like the oil price crash in 2014. Saudi Arabia’s behavior is to force Russia to continue to cooperate with OPEC. It is expected that once the oil price falls to a level that Russia itself feels unable to bear, it is likely to restart the production reduction agreement.

  According to the latest report of Everbright Securities, the special alliance between Saudi Arabia and the United States means that it will be difficult for the United States to accept the prospect that oil prices will continue to slump because of the price war in Saudi Arabia. Therefore, the current plunge in oil prices is unsustainable, and there may be variables in the future.

  Xi Jiarui said, "The next production reduction meeting is on June 9, and it is very likely that Saudi Arabia and Russia will jointly cut production again. At that time, oil prices may rebound in retaliation."

  On the 9th, the decline of major stock indexes in European and American stock markets.

  — — European and American stock markets enter a technical bear market?

  As of the close of the 9th, the Dow Jones index plunged more than 2,000 points, closing down 7.79%, the biggest one-day drop since 2008. The S&P 500 index fell by 7.60%, and the Nasdaq index fell by 7.29%. Oil stocks suffered heavy losses, and Chevron fell more than 15%, leading the Dow. So far, the Dow has dropped by 19.34% compared with the historical high set by this bull market.

  On the same day, major European stock indexes closed down across the board, and many stock indexes entered a technical bear market. Britain’s FTSE 100 index fell 7.69%, France’s CAC40 index closed down 8.39%, and Germany’s DAX index fell 7.94%. Among them, Germany DAX index, France CAC40 index, Italy FTSE MIB index, Europe Stoxx 50 index and Britain FTSE 100 index entered the technical bear market.

  Yang Delong, chief economist of Qianhai Open Source Fund, pointed out that US stocks will fall sharply after peaking. According to the experience of US stocks, a decline of 20% is generally called the dividing line between bulls and bears. If it falls below 20% and does not come back, it shows that the bear trend is confirmed and will fall further by 20%.

  Xie Feng, a researcher at China Banking Research Institute, believes that the debt level of American enterprises is high, and the debt quality of residents has deteriorated. Once the economic slowdown exceeds expectations, corporate profits will further decline, and residents’ wealth will also be damaged, which may lead to more risk release in the financial market.

  A-share major stock indexes closed on the 9th.

  — — Can China A-shares be immune?

  On the 9th, among the world’s important stock indexes, the overall decline of A shares was lower. The Shanghai Composite Index fell 3.01%, the Shenzhen Composite Index fell 4.09%, and the Growth Enterprise Market Index fell 4.55%. In the whole day, the transaction between the two cities broke through one trillion yuan. The net outflow of northbound funds from Shanghai Stock Connect was 9.671 billion, and that from Shenzhen Stock Connect was 4.648 billion.

  Chen Li, chief economist of soochow securities, said in an interview with the media that the main reason for the A-share slump on the 9th was the violent fluctuation of the global capital market, and the violent fluctuation of the external market aroused the concern of domestic investors. The turnover of the two cities has continuously exceeded one trillion, indicating that there are great differences in funds. Some funds are leaving the market, and some funds are considered to be opportunities to buy on dips.

  It is noteworthy that on the 9th, the FTSE China A50 index futures, as the leading indicator of the secondary market of the stock market, rebounded and turned red at night, and now rose by more than 1%. At one time, it was close to 2% in intraday trading, and once fell by more than 1%.

  "The fundamental reason for the sharp decline of US stocks is that the valuation is too expensive." Everbright Securities believes that A shares are more immune to overseas fluctuations. Under the analytical framework of the policy economic cycle, it is not only economic data but also policy tightness that determines the market trend. Oil prices fell sharply beyond expectations, reducing the risk of stagflation in the near future and broadening the space for domestic policy easing.

  Great Wall Securities believes that in the context of global risk assets being sold by funds, the short-term growth of the A-share market is facing emotional selling pressure. In the medium term, China’s securities market shows very obvious value toughness under the background of global general decline, and RMB assets are expected to become a safe haven favored by global funds. (End)