Capital Monthly Report | The financing environment of housing enterprises has been accelerated, and Zhongliang Holdings has been listed (July 2019)

  ★ Focus on this month ★



  "730 meeting" set the tone


  The government accelerated the tightening of financing for housing enterprises.


  At the 730th meeting of this month, the Political Bureau of the Central Committee once again reiterated the need to implement the long-term management mechanism of real estate, and proposed for the first time not to use real estate as a short-term means to stimulate the economy. This is the government’s latest statement on the real estate industry, and it is also a warning that the real estate is slightly overheated some time ago. In fact, before the meeting was set, the government had tightened the financing of housing enterprises several times in July: from 6 th to 10 th, the China Banking Regulatory Commission interviewed some trust companies about the problems in financing housing enterprises; On the 12th, the National Development and Reform Commission (NDRC) issued a notice on the relevant requirements for filing and registration of foreign debts issued by housing enterprises, which put forward higher requirements for housing enterprises to issue overseas debts. On the 29th, the central bank announced at the symposium on the adjustment and optimization of credit structure of banking financial institutions that it should strengthen supervision over the loan behavior of large-scale housing enterprises with high leverage. Under a series of government control, it is expected that the financing environment of housing enterprises will be mainly tightened in the second half of the year.


  The amount of bonds issued by housing enterprises at home and abroad has risen sharply.


  The financing cost has been reduced.


  The total financing of 95 typical real estate enterprises this month was 153.446 billion yuan, up 55.3% from the previous month and 63.2% from the same period last year. Among them, the total amount of bonds issued by enterprises at home and abroad this month was 83.53 billion yuan, up 104.2% from the previous month, only lower than the level of bonds issued in January and March 2019. This month, the financing cost of housing enterprises issuing bonds was 6.86%, down 0.57 percentage points from the previous month; Among them, the financing cost of overseas bonds was 7.55%, which was 0.70 percentage points lower than that in June, mainly because a number of low-cost housing enterprises issued a large amount of bonds in July, which structurally lowered the financing cost.


  Zhongliang Holdings officially went public.


  There are 9 real estate companies and property companies to be listed.


  On the 16th of this month, Zhongliang Holdings was officially listed, and Hehong Services under Hehong Real Estate was also listed on the 12th. No housing enterprises or property companies under the housing enterprises submitted listing applications. Therefore, as of the end of July, there were 6 real estate enterprises and 3 property companies owned by real estate enterprises waiting for IPO on the Hong Kong Stock Exchange.


  China Jinmao introduced Ping An into the second largest shareholder through rights issue.


  On 26th of this month, China Jinmao announced the introduction of Ping An as the second shareholder, and Ping An subscribed for 1.787 billion shares of Jinmao for about HK$ 8.6 billion. After the subscription, Jinmao newly issued 169 million shares, and the shares subscribed by Ping An accounted for about 15.20% of the enlarged issued share capital.


  Produced by Kerry


  Corporate bond issuance


  Bond issuance: up 104% from the previous month, but overseas bond issuance is limited, and the future is not optimistic.


  The total financing of 95 typical housing enterprises this month was 153.446 billion yuan, up 55.3% from the previous month and 63.2% from the same period last year. In terms of specific financing methods, domestic debt financing was 74.939 billion yuan, up 34.9% from the previous month; At the same time, the amount of overseas debt financing was 72.25 billion yuan, up 123% month-on-month, and the amount of overseas financing increased greatly month-on-month, only lower than that in January 2019.



  Among them, the total amount of corporate bonds issued at home and abroad this month was 83.53 billion yuan, up 104.2% month-on-month, which was significantly higher than that in June, only lower than that in January and March 2019. In terms of specific financing methods, the issuance of overseas bonds was 58.93 billion yuan, up by 104.0% month-on-month. Among them, before the introduction of the new regulations on restricting overseas bond issuance on July 12, housing enterprises issued 16 overseas bonds totaling 39.6 billion yuan. After the introduction of the new regulations, housing enterprises issued 9 overseas bonds totaling 19.3 billion yuan. The introduction of the new regulations has restricted the overseas bond issuance of some enterprises, and the amount of overseas bond issuance of housing enterprises is expected to decrease slightly in the future. Domestic bonds increased by 104.9% month-on-month, of which corporate bonds increased by 99.3% month-on-month to 14.65 billion yuan, and medium-term notes increased by 260% month-on-month.



  The financing cost this month was 6.86%, down 0.57 percentage points from the previous month; Among them, the financing cost of overseas bonds was 7.55%, which was 0.70% lower than that in June, mainly because a number of low-cost real estate enterprises issued a large amount of bonds in July, which reduced the financing cost structurally. For example, CNOOC Real Estate issued 2 billion Hong Kong dollars and 450 million US dollars of overseas bonds in July, with interest rates of 2.95% and 3.45% respectively, and China Jinmao issued 500 million US dollars of overseas priority notes with interest rate of only 4.25%. In 2019, as of July, the financing cost of new bonds in real estate enterprises was 7.18%, up by 0.71 percentage points over the whole year of 2018. Among them, the financing cost of overseas bonds reached 8.21%, an increase of 1.06 percentage points over 2018.



  In terms of specific corporate performance, Shimao Real Estate issued the highest amount of bonds in July, with a total amount of 6.885 billion yuan. On July 9, Shimao issued a $1 billion overseas priority bill. The lowest financing cost this month is a RMB 1 billion ultra-short financing bond issued by Xiamen International Trade (600755), with an interest rate of 2.69%. In addition, the interest rates of HK$ 2 billion and US$ 450 million of overseas bonds issued by China Shipping are 2.95% and 3.45%, respectively. Among them, US dollar bonds have the lowest interest rate and the lowest spread for Chinese real estate enterprises in the same year, with a fixed interest rate of HK$ 2 billion for 55 years.



  Term of bonds: 53.099 billion yuan of bonds due this month.


  This month, there are 26 corporate bonds due from real estate enterprises, with a total amount of 53.099 billion yuan, and the highest maturity amount is 6.8 billion yuan of corporate bonds issued by China Evergrande in July 2015. In addition, the overseas bonds of 600 million euros issued by China Shipping Real Estate on July 9, 2015 are also scheduled to expire in July. In addition, three bonds of Jinke (000656) and Rong Sheng Development (002146) have also expired.


  Pay attention in advance that there will be 14 bonds due in August 2019, with a total amount of 17 billion yuan. The enterprise with the highest single amount is a $450 million overseas priority bill issued by Lujin Infrastructure on August 9, 2016.



  Listing and stock


  Housing enterprises to be listed: there are 9 queuing housing enterprises and property companies.


  No real estate enterprises submitted listing applications to the HKEx this month, and as Zhongliang Holdings was officially listed on the 16th, as of the end of July, there were six real estate enterprises waiting for IPO on the HKEx, namely Huijing Holdings, Hellenborg China Holdings, Aoshan Holdings, Xinli Holdings, Wanchuang International and Jingyi Mingbang.



  As for the property management companies under the housing enterprises, no property companies submitted listing applications to the Hong Kong Stock Exchange this month. On the 2nd of this month, Yincheng Life Service under Yincheng International submitted a listing application to the Hong Kong Stock Exchange, and on the 12th, Hehong Service under Hehong Real Estate was officially listed. Therefore, as of the end of July, there are three property management companies under the real estate enterprises waiting for IPO on the Hong Kong Stock Exchange: Xinyuan Property Service, Blu-ray Garbo Service and Yincheng Life Service.



  IPO and additional issuance: Zhongliang was successfully listed, and Jin Mao introduced Ping An as the second shareholder.


  On the 16th of this month, Zhongliang Holdings was listed on the Hong Kong Stock Exchange at an offering price of HK$ 5.55 per share. According to this offering price, the net proceeds from the global offering are estimated to be about HK$ 2.773 billion. The completion of the listing of Zhongliang Holdings marks that all the top 30 large-scale housing enterprises have been listed, and it also allows Zhongliang to successfully enter the capital market. In 2018, Zhongliang’s net debt ratio was 58.1% and the weighted financing cost was 9.9%. After listing, enterprises can increase financing efforts and reduce financing costs, and can accelerate the development of enterprises with the help of capital.



  As for the property management company under the real estate enterprise, Hehong Services under Hehong Real Estate was listed on the 12th this month, with a global sale of 100 million shares, with a net proceeds of HK$ 77.1 million. So far, in 2019, three property companies owned by real estate enterprises have successfully listed.



  In terms of additional shares, this month, China Jinmao announced the introduction of Ping An as the second largest shareholder, which is another shareholding in large-scale housing enterprises after Ping An invested in Huaxia Happiness (600340) last year. This time, Ping An subscribed for about 1.787 billion shares of China Jinmao for about HK$ 8.6 billion. Immediately after the subscription, China Jinmao issued another 169 million shares, with a net financing of about HK$ 815 million. Therefore, the shares acquired by Ping An accounted for about 15.20% of the enlarged issued share capital. For China Jinmao, the introduction of Ping An, a financial giant, can not only help enterprises to bring more cooperation opportunities, but more importantly, it can broaden the financing opportunities of enterprises in disguise, open channels for enterprise funds and maintain the stability of enterprise capital chain under the situation of continuous tightening of financing.


  On the 30th of this month, Zhengrong Group announced the completion of placing about 245 million shares at a price of HK$ 4.95 per share, accounting for about 5.60% of the issued share capital of the company after allotment and subscription. The net proceeds from this Zhengrong rights issue financing are about HK$ 1.199 billion, which will be used for possible future investment purposes and as general working capital.


  Changes in equity: Jianye stock held by Kaide clearance.


  This month, a number of real estate enterprises have seen shareholders increase their holdings and reduce their holdings of the company’s shares. At the beginning of the month, CapitaLand cleared its shares in Jianye Real Estate and sold them all to Enhui Investment under the name of Hu Baosen. This time, CapitaLand’s clearance of Jianye shares is mainly due to the long-term development of Jianye Real Estate in Henan Province, which is outside the core urban agglomeration of CapitaLand’s layout. Stripping investment in Jianye can enable CapitaLand to reallocate capital in its core business and invest in other opportunities, which is the need of CapitaLand’s strategic adjustment.



  Stock price changes: the performance of real estate stocks was relatively weak throughout the month.


  This month, the overall performance of real estate stocks was weak, and less than 40% of real estate stocks in both A shares and H shares rose in the whole month. In terms of H-shares, Baolong Real Estate has a relatively large increase this month, with a monthly increase of 22.82%. Except for a small consolidation at the end of the month, it is basically in an upward channel for the whole month. This is mainly because Deutsche Bank gave Baolong a "buy rating" for the first time at the end of June, and it was also the fifth institution to give Baolong Real Estate a "buy rating" after the release of Baolong’s 2018 financial report, following Citigroup, Dahua Jixian, Agricultural Bank of China International and Southwest Securities (600369), which greatly boosted market confidence.


  In terms of A-share housing enterprises, the share price of Daming City (600094) experienced two waves of continuous rise in the first week and the middle of this month. Although the overall real estate stocks suffered heavy losses at the end of the month, the overall increase still reached 21.78% in July, which was a big increase among real estate stocks.



  Other capital operation


  There is little cooperation between housing enterprises and financial institutions this month. It is worth mentioning that China Aoyuan announced on the 19th that it plans to acquire 13.86% shares of Centennial Life for 3.262 billion yuan, which will become the largest shareholder of Centennial Life after the transaction is completed. In December 2018, Greentown announced that it would acquire 11.55% shares of Centennial Life Insurance for 2.718 billion yuan and gain its control. If the acquisition of Aoyuan landed, it would mean that Greentown would lose control of Centennial Life Insurance. After controlling Centennial Life, in addition to obtaining a financial platform, Aoyuan and Centennial Life can also provide potential opportunities for mutual cooperation in health and wellness industries, which will help both parties to better play their strategic synergy and complementary advantages in business segments, customer resources and customer experience.


This article first appeared on WeChat WeChat official account: Research on Kerui Real Estate. The content of the article belongs to the author’s personal opinion and does not represent Hexun.com’s position. Investors should operate accordingly, at their own risk.

(Editor: Li Jiajia HN153)

General assembly dynamics

  On May 30th, at the invitation of the 19th Academician Conference of China Academy of Sciences, Xie Xiaoliang, a foreign academician of Chinese Academy of Sciences, academician of American Academy of Sciences and named professor of Mallinckrodt in the Department of Chemistry and Chemical Biology of Harvard University, paid an academic visit to the Institute of Biophysics, and wrote the following questions.From Single Molecule Biology to Single Cell GenomicsLecture report of. The report was presided over by Xu Ruiming, director of the Institute of Biophysics.

  Xie Xiaoliang first introduced the pioneering work of monomolecular enzymology, and explained the characteristics of enzyme’s catalytic function at the monomolecular level. Xie Xiaoliang’s research group used single molecule fluorescence technology to study the expression of protein in bacteria, and analyzed the gene expression in Escherichia coli at the level of single cell. It was found that the expression of protein in a single cell was random. The effect of DNA loops on the transcription process of genes was studied at the single molecule level. It was found that DNA loops would hinder the transcription in space, and when Gyrase gyrase did not exist, the forward supercoiled structure of DNA would slow down the speed of transcription initiation and extension, which eventually led to the inhibition of transcription initiation. Through these studies, Xie Xiaoliang’s research group found that the phenomenon of Transcription Bursting was caused by the shedding and recombination of Gyrase from DNA, and the accumulation and elimination of the forward supercoiled structure of the corresponding DNA.

  Xie Xiaoliang also introduced Malbac (Multiple Annealing and Looping Based Amplification Cycles) method invented by his research group, and the single cell genome sequencing of human sperm cells completed by this method. Xie Xiaoliang’s research group also improved the accuracy of single-cell genome sequencing detection by META-method; MALBAC-DT (Malbac-Digital Transcriptome) method was developed to detect transcription-related modules (CTM) within the genome, and the detection efficiency was increased by 50%. Using single cell DIP-C technology, the 3D structure of human diploid cell genome was obtained, and the resolution could reach 100nm and 20kb. It was found that two X chromosomes produced different 3D structures due to different activity states. By analyzing the 3D genome structure of olfactory nerve cells, it was found that there were obvious differences between olfactory receptor-related genes and control cells. By studying the 3D genome structure of different cell types at the single cell level, it is found that different cell types have different 3D genome structures.

  The report is rich in content, clear in logic, vivid in explanation and rich in academic atmosphere. Participants asked questions and interacted with Xie Xiaoliang on issues of interest to them. After the report, Xie Xiaoliang had a discussion with the researchers of the Institute of Biophysics, and conducted in-depth exchanges and discussions on issues of common interest.

Communication site

Emergency recall! Attention Puyang car owners!

On August 28,

State Administration for Market Regulation

Released 5 pieces of automobile recall information continuously,

The brands involved are

Mercedes-Benz, Volkswagen, Great Wall, etc.

A total of 115,276 vehicles were recalled!

Including imported mercedes benz c, E, S,

CLS class, GLC SUV, AMG GT car,

Volkswagen involves Beatles and Scirocco.

And golf series.

Mercedes-Benz (China) Automobile Sales Co., Ltd.

Recall some imported grades C, E, S and CLS.

GLC SUV, AMG GT car

A few days ago, Mercedes-Benz (China) Automobile Sales Co., Ltd. filed a recall plan with the State Administration of Market Supervision according to the requirements of the Regulations on the Management of Defective Automobile Product Recall and the Measures for the Implementation of the Regulations on the Management of Defective Automobile Product Recall, and will recall some imported C-class, E-class, S-class, CLS-class, GLC SUV and AMG GT cars. Details are as follows:

(1) From August 28th, 2020, 146 imported C-class, E-class, S-class, CLS-class and GLC SUV vehicles equipped with 4-cylinder gasoline engines with production dates from March 1st, 2019 to March 12th, 2020 were recalled.

The bolt tightening torque of oil supply pipe and oil return pipe of vehicle turbocharger within the scope of this recall may not be recorded correctly. If the tightening torque does not meet the requirements, the mechanical connection between the oil supply pipe and the oil return pipe of the turbocharger may be affected. There may be oil leakage at the joint, and the leaked oil may come into contact with high-temperature parts, so the fire risk cannot be ruled out and there is a safety hazard.

Mercedes-Benz (China) Automobile Sales Co., Ltd. will check the tightening torque of the oil supply pipe and oil return pipe of the turbocharger for vehicles within the scope of recall free of charge through authorized dealers, and repair them if necessary to eliminate potential safety hazards.

(2) From August 28, 2020, some imported C-class and AMG GT vehicles with production dates from October 12, 2018 to September 30, 2019 were recalled, totaling 1,660 vehicles.

The vehicle ESP system within the scope of this recall may not be suitable for the type of brake installed. If the yaw rate sensor drifts or the brake vacuum supply fails, the ESP system may not respond as expected. This may lead to the inconsistency between ESP intervention and driving conditions, which may increase the risk of collision or injury, and there are potential safety hazards.

Mercedes-Benz (China) Automobile Sales Co., Ltd. will update the ESP software for vehicles within the recalled scope free of charge through authorized dealers to eliminate potential safety hazards.

The authorized service center of Mercedes-Benz will notify the relevant customers of the recall by registered mail. Users can call the service hotline: 400-818-1188 through landline or mobile phone for consultation (service time is 24 hours a day from Monday to Sunday). In addition, you can also visit the website dpac.samr.gov.cn, and follow the WeChat WeChat official account to learn more information and reflect the defect clues.

Fujian Benz Automobile Co., Ltd.

Recall some domestic V-class and Weiting cars.

Recently, Fujian Benz Automobile Co., Ltd. filed a recall plan with the State Administration of Market Supervision according to the requirements of the Regulations on the Management of Defective Automobile Product Recall and the Implementation Measures of the Regulations on the Management of Defective Automobile Product Recall, and decided to recall some domestic V-class and Weiting vehicles with production dates from March 15, 2019 to June 24, 2019, totaling 7,312 vehicles.

Due to the supplier’s production deviation, the mechanical joint between the spline shaft on the transmission shaft and the ball cage on the universal joint is not completely fixed for some vehicles within the scope of this recall, resulting in that the safety clamp spring at the mechanical joint cannot be completely locked in a specific fixing slot, which may damage the universal joint of the transmission shaft, and the damage degree will increase with time. This will lead to unbalanced transmission of the transmission shaft, resulting in jitter, which will then be transmitted to the bottom of the vehicle. In extreme cases, jitter will affect the SRS (Auxiliary Protection System) control unit assembled above the gearbox, and it will be misjudged by the control unit as acceleration or deceleration caused by a collision accident, and the front airbag will be triggered incorrectly, increasing the risk of injury and collision of front passengers; In addition, if the owner continues to drive the vehicle for a long time by ignoring abnormal conditions such as abnormal noise and jitter, the parts will be worn to a certain extent, which will affect the power transmission of the vehicle and even cause power loss, which has potential safety hazards.

Fujian Benz Automobile Co., Ltd. will check whether the transmission shaft is within the affected production date range for the vehicles within the recall range through its authorized service center, and if so, replace the transmission shaft to eliminate potential safety hazards.

Fujian Benz Authorized Service Center will notify relevant users of the recall by registered mail. Users can call the service hotline: 400-818-1188 through landline or mobile phone for consultation (service time is 24 hours a day from Monday to Sunday). In addition, you can also visit websites in dpac.samr.gov.cn and www.recall.org.cn and follow the WeChat WeChat official account to learn more information and reflect the defect clues.

Volkswagen (China) Sales Co., Ltd.

He faw-Volkswagen co., ltd

Recall some imported cars separately.

Recently, Volkswagen (China) Sales Co., Ltd. and FAW-Volkswagen Co., Ltd. filed a recall plan with the State Administration of Market Supervision according to the requirements of the Regulations on the Management of Defective Automobile Product Recall and the Implementation Measures for the Regulations on the Management of Defective Automobile Product Recall, and decided to recall the following vehicles from September 1, 2020:

(1) Volkswagen (China) Sales Co., Ltd.

During the period from May 2, 2011 to August 6, 2015, a total of 14,800 Volkswagen-branded Beetle, Suncool and Golf cars were imported in 2011-2015.

During the period from September 14th, 2011 to June 14th, 2012, a total of 1,084 cars were produced and imported from the model year of 2011-2012.

(2) FAW-Volkswagen Co., Ltd.

During the period from February 8, 2011 to August 31, 2012, some imported Audi A1 and A3 series cars of 2011-2013, totaling 18,497 units.

Due to the manufacturer’s deviation, some vehicles within the scope of this recall have a thin thread seat of the accumulator of the gearbox electromechanical unit. Under high oil pressure, the thread may crack and cause the oil pressure of the system to drop, which will trigger the dashboard warning light to light up; If the user ignores the alarm prompt and continues to use the vehicle, the power transmission may be affected with the development of time, and there are potential safety hazards. Volkswagen (China) Sales Co., Ltd. and FAW-Volkswagen Co., Ltd. will upgrade the software of the electromechanical unit of the vehicle gearbox within the scope of recall free of charge through authorized dealers, so as to eliminate potential safety hazards. In addition, in order to ensure the timely elimination of defects, the upper shell of the electromechanical unit accumulator will be directly replaced for a few vehicles with no applicable software in Audi brand.

Volkswagen (China) Sales Co., Ltd. and FAW-Volkswagen Co., Ltd. will notify the relevant car owners by registered mail. Volkswagen and Seat brand users can learn more about the recall through the customer service hotline of Volkswagen (China) Sales Co., Ltd.: 400-188-0888, and Audi brand users can learn more about the recall through the Audi brand customer service hotline of FAW-Volkswagen Co., Ltd.: 400-817-1666. In addition, you can also visit websites in dpac.samr.gov.cn and www.recall.org.cn and follow the WeChat WeChat official account to learn more information and reflect the defect clues.

Great wall motor co., ltd.

Recall some Great Wall cannons.

A few days ago, Great Wall Motor Co., Ltd. filed a recall plan with the State Administration of Market Supervision according to the requirements of the Regulations on the Management of Defective Automobile Product Recall and the Measures for the Implementation of the Regulations on the Management of Defective Automobile Product Recall. It is decided to recall 71,319 Great Wall Cannon cars produced from September 24, 2019 to August 9, 2020 from September 1, 2020.

Vehicles within the scope of this recall cannot play a sufficient warning role because the vehicle instruction manual does not fully indicate the possible dangers of trailer hooks in special use scenarios, and there is a possibility of misuse in an emergency. In extreme use cases, trailer hooks may break, posing a safety hazard.

Great Wall Motor Co., Ltd. will replace the new version of the electronic instruction manual for vehicles within the scope of recall, put warning labels on trailer hooks at eye-catching positions on the car body to show the danger and avoid misuse, and upgrade the technical service of trailer hooks free of charge to eliminate potential safety hazards.

Emergency measures: If the vehicle is stuck in a car or has a bottoming accident, you should contact a professional rescue to get rid of the vehicle or call 400-666-1990 customer service for rescue.

Great Wall Motor Co., Ltd. will notify the relevant users of the recall by registered mail, telephone and SMS. Users can call the service hotline 400-666-1990 for consultation. In addition, you can also visit websites in dpac.samr.gov.cn and www.recall.org.cn and follow the WeChat WeChat official account to learn more information and reflect the defect clues.

Zhejiang flying saucer automobile manufacturing co., ltd

Recall some Aochi series trucks

Recently, Zhejiang UFO Automobile Manufacturing Co., Ltd. jointly filed a recall plan with the State Administration of Market Supervision and the Ministry of Ecology and Environment in accordance with the requirements of the People’s Republic of China (PRC) Air Pollution Prevention Law, the Regulations on the Management of Defective Automobile Product Recall and the Implementation Measures for the Regulations on the Management of Defective Automobile Product Recall. Since August 28, 2020, a total of 458 vehicles of the Aochi series produced from March 21, 2017 to September 7, 2018 have been recalled.

The vehicles within the scope of this recall have the risk of exceeding the standard emission due to the OBD system calibration problem of the equipped diesel engine.

Zhejiang UFO Automobile Manufacturing Co., Ltd. will write the improved DCU program for vehicles within the recall range free of charge to meet the requirements of motor vehicle emission standards.

Zhejiang UFO Automobile Manufacturing Co., Ltd. will notify relevant users by registered mail, SMS, telephone, etc. through dealers to arrange the recall. Users can call the service hotline: 400-108-5678 through mobile phones or fixed lines for consultation. In addition, you can also visit websites in www.vecc.org.cn, dpac.samr.gov.cn and www.recall.org.cn and follow the WeChat WeChat official account for more information.

Look at your car!

Let all the friends around you have a look ~

Source: official website, State Administration of Market Supervision

Original title: "Emergency recall! Attention Puyang car owners! 》

Read the original text

Recruitment Announcement of 18 Institutes in the First Academy of Aerospace Science and Technology Group-State-owned Assets Supervision and Administration Commission of the State Council

Eighteen institutes in the First Academy of Aerospace Science and Technology Group are high-tech research institutes specializing in scientific research and production of aerospace servo products, and they are pioneers and leaders of aerospace servo technology in China. Therefore, the business strategy of "leading aerospace servo and serving the land, sea, air and sky" is to integrate gas, hydraulic, machinery, control, electronics, electrical, software, computer, etc., and the related business has been extended to aerospace, navigation, aviation and many other fields.

According to the needs of organizational restructuring and business development, the 18 th Institute decided to openly recruit some positions in the government, and the relevant matters are hereby announced as follows:

I. Recruitment positions

Second, the job responsibilities and qualifications

(1) Strategic planner

(1) Job responsibilities:

1 responsible for the strategic management system (including system) construction;

2. To be responsible for conducting research around the major issues that are overall, strategic and forward-looking, and forming research reports;

3. Be responsible for analyzing the internal and external environment of the Institute, tracking the development trends of the industry and benchmarking companies in the industry, conducting analysis and forming an analysis and research report;

4. Responsible for strategic partners and establish relationships;

5. Organize to study and formulate the medium-and long-term comprehensive development strategy, five-year plan and three-year rolling plan of the Institute, carry out evaluation and form a report;

6. Be responsible for formulating the No.1 document of the Party and government and the annual comprehensive plan; Organize the construction of performance appraisal system; Carry out internal operation analysis of the institute and prepare analysis reports regularly;

7. Be responsible for organizing the cockpit construction of intelligent decision-making data;

8. Responsible for the management of the main business;

9. Responsible for the daily coordination and management of the office of the Strategic Management Committee.

(2) Requirements:

1. Master degree or above with two years’ working experience;

2. Have certain financial expertise;

3. Have CET-4 or above, and be able to translate industry research reports at home and abroad;

4. Strong writing, language expression and communication skills;

5. Experience in industry research and analysis is preferred.

(2) Reform and development division

(1) Job responsibilities:

1. To be responsible for tracking the research results of domestic and foreign enterprises in reform and development, corporate governance, management mode, etc., and put forward reform and development suggestions for the leaders;

2. Responsible for the three-year reform of state-owned enterprises and the restructuring of public institutions, organize and coordinate the improvement of corporate governance structure and promote the modernization of corporate governance;

3. Responsible for the organization and management, organizational setup and post preparation, and optimize organizational setup and responsibilities;

4. Be responsible for the organization’s process system construction, and organize the formulation of process system management documents;

5. Be responsible for the construction of the rules and regulations system and the management of the system database;

6. Responsible for the centralized management of innovation activities and international development.

(2) Requirements:

1. Master degree or above with two years’ working experience;

2. Have CET-4 or above;

3. Strong writing, language expression and communication skills;

4. Experience in process management is preferred.

(3) Business administrators

(1) Job responsibilities:

1. Responsible for model market development, comprehensive demonstration and planning of project establishment, model operation management, model technical and economic unity and operational risk management;

2. Be responsible for analyzing and formulating the estimated scale of development funds and the target price strategy;

3. Responsible for the declaration, evaluation, negotiation and signing of the budget estimate for the development model;

4. Organize price declaration, and be responsible for model price review, negotiation and signing;

5. Be responsible for formulating the expected operating target of the model, the pre-control plan of funds and organizing the implementation;

6. Responsible for model life cycle planning and signing outsourcing contracts for some important components and above; Organization model life cycle fund management and completion settlement.

(2) Requirements:

1. Education: Master or above;

2. Generally, you should have more than 1 year experience in model development, understand the model development process, and master the composition, preliminary principle, function and supporting relationship of the servo system.

(4) Price administrator

(1) Job responsibilities:

1 responsible for the research and implementation of national price policy;

2. Be responsible for the construction of the cost and price standard management system; Demonstration of price information system, database construction and data maintenance;

3. Be responsible for the price management of products on the shelves;

4. Be responsible for reviewing the price funds of the outsourced and purchased products of the project and organizing the pricing;

5. Be responsible for reviewing the over-estimated funds of the model supporting outsourcing units;

6. Be responsible for the management of project quotation and project guidance price.

(2) Requirements:

1. The education level under 30 years old should be master’s degree or above, and over 30 years old should have a bachelor’s degree or above; Assistant level (inclusive) or above professional and technical post qualification or equivalent professional qualification level; Generally, you should have 1 year or above relevant working experience; The age is generally not more than 45 years old.

(5) Cost analysts

(1) Job responsibilities:

1. Be responsible for the research of cost and price estimation method, software construction and application;

2. Responsible for the internal actual cost audit of the project, put forward the actual cost audit opinions, and prepare the first batch (trial batch) cost analysis report;

3. Responsible for the implementation of project process cost monitoring.

(2) Requirements:

1. The education level under 30 years old should be master’s degree or above, and over 30 years old should have a bachelor’s degree or above; Assistant level (inclusive) or above professional and technical post qualification or equivalent professional qualification level, generally should have 1 year or above relevant work experience; The age is generally not more than 45 years old.

(6) Model planning and scheduling

(1) Job responsibilities:

1. Prepare the scientific research and production plan of the competent model; Monthly plan for scientific research and production; Scheduling and coordination of production organization; Product matching, testing, delivery and after-sales; Assessment of scientific research and production plan; Quality, funds and cost management.

(2) Requirements:

1. The education level under 30 years old should be master’s degree or above, and over 30 years old should have a bachelor’s degree or above; Assistant level (inclusive) or above professional and technical qualifications, generally should have more than 2 years of relevant work experience; The age is generally not more than 35 years old.

2. Master the basic knowledge of project management; Master model development, process flow, servo system composition, preliminary principle, function and supporting relationship.

(7) Material buyer

(1) Job responsibilities:

1. Responsible for the preparation, purchase, coordination and warehousing of model material plans;

2. Responsible for organizing the implementation, acceptance and warehousing of self-collected materials;

3. Be responsible for the comprehensive coordination of the progress of all materials;

4. Be responsible for the statistics, analysis and reporting of the completion of the material procurement plan;

5. Be responsible for the implementation of model material procurement quality and the preparation of material quality review report;

6. Be responsible for material negotiation, procurement contract signing and payment;

7. Be responsible for capability evaluation and performance evaluation of material suppliers.

(2) Requirements:

1 should have a bachelor’s degree or above, assistant level (inclusive) or above professional and technical qualifications, generally should have more than 2 years of relevant work experience; Generally no more than 40 years old;

2. Master the basic knowledge of project management, procurement management and supply chain management; Master the basic knowledge of components and other materials.

(eight) product buyers

(1) Job responsibilities:

1. Be responsible for outsourcing, preparation of outsourced products and outsourced test plans, commissioning of tasks, process supervision, and complete warehousing;

2. Responsible for organizing the implementation of product quality control requirements and comprehensive coordination of process problems;

3. Be responsible for the statistics, analysis and reporting of the completion of outsourcing, outsourcing and test plans;

4. Responsible for organizing supplier sourcing and product trial production;

5. Responsible for outsourcing, outsourcing, trial price negotiation, contract signing and payment;

6. Be responsible for capability evaluation and performance evaluation of suppliers.

(2) Requirements:

1 should have a bachelor’s degree or above, assistant level (inclusive) or above professional and technical qualifications, generally should have more than 2 years of relevant work experience; Generally no more than 40 years old;

2. Understand the basic knowledge of project management, procurement management and supply chain management; Master the composition and basic principle of servo products, and master the process of product development, production and technology (machining, electrical assembly, etc.).

(9) Model quality administrator

(1) Job responsibilities:

1. Draft and improve the quality management requirements of the models in charge, and supervise the implementation of the requirements;

2. Coordinate and organize to undertake various reviews, meetings and related work required by the quality system, and track and manage the implementation of the remaining backlog;

3. Organize and participate in the zeroing of model quality problems.

(2) Requirements:

1. The education level under 30 years old should be master’s degree or above, and over 30 years old should have a bachelor’s degree or above; Assistant level (inclusive) or above professional and technical qualifications, generally should have more than 2 years of work experience;

2. Professional knowledge: quality management system requirements, common quality tools and methods, model development process, basic knowledge of servo products and other related products, etc.

3. Understand the national quality management laws and regulations. Master the model quality management requirements of Aerospace Science and Technology Corporation and the First Hospital.

(10) Product quality assurance administrator

(1) Job responsibilities:

1. Make annual product quality assurance plans, product quality activity nodes and plans and organize their implementation;

2. Carry out the quality evaluation and related work of the products in charge, and cooperate with the production and quality assurance division to carry out the inspection of product assurance requirements;

3. Be responsible for zeroing the quality problems of various professional products and drawing inferences from others; Collect and summarize the problems in product quality assurance and coordinate to solve them;

4. Responsible for organizing the acceptance of outsourced products and supervising and inspecting outsourced units;

5. Be responsible for organizing the model requirements to be included in the production and guarantee requirements and promoting their implementation.

(2) Requirements:

1. The education level under 30 years old should be master’s degree or above, and over 30 years old should have a bachelor’s degree or above; Generally, you should have more than 2 years working experience;

2. Professional knowledge: quality management knowledge and commonly used quality tools and methods, quality management system requirements, basic knowledge and development process of servo products and other related products, etc.

3. Understand the national quality management laws and regulations. Master the model quality management requirements of Aerospace Science and Technology Group and First Hospital.

(11) Process management post

(1) Job responsibilities:

1. Plan and participate in the compilation of professional digital production line construction scheme, organize scheme demonstration and review, and participate in the formulation and construction implementation of task book; Organize and write the summary and planning of digital production line construction;

2. Be responsible for the process management of the model.

(2) Requirements:

1. The education level under 30 years old should be master’s degree or above, and over 30 years old should have a bachelor’s degree or above; With intermediate titles; Under the age of 35;

2. Generally, you should have more than 3 years working experience in technology;

3. Familiar with the process characteristics of servo products and related knowledge of digital process;

4. Should have relevant experience in professional digital production line construction.

Third, matters needing attention

1. Recruitment scope: within the aerospace system.

2. Work place: Beijing

3. Registration method: According to the job recruitment demand information, fill in the Application Form for Eighteen Jobs (attachment), name it in the form of social talent+job name+name, and send an email to the registration mailbox of calt18hr@163.com.

4. Deadline for registration: September 8, 2021.

Contact person and contact information: Teacher Sun 010-68382905

Attachment: Application Form for Eighteen Positions

[Editor: Wang Zhanchao]

Sweep and open the current page on your mobile phone.

Plan a new direction and inject new impetus into the high-quality development of Shanghai public relations.

  Shanghai Stock Exchange ChinaNet News (Reporter Zeng Qingyi) On February 25th, the fourth general meeting of the 9th Shanghai Public Relations Association was held in Shanghai. The meeting reviewed the achievements of the association in the past year, planned the development direction of the new year, and injected the high-quality development of public relations in Shanghai..

  At the meeting, Du Zhizhong, vice-president and secretary-general of Shanghai Public Relations Association, made a Report on the Work of the Board of Directors of the Fourth General Meeting of the Ninth Shanghai Public Relations Association, summarizing the achievements made by the association in leading party building, brand building, serving members, exchanges and cooperation in 2024.

  Specifically, in the past year, under the guidance of Party construction, the association established a party branch to carry out a number of special learning activities; In terms of brand building, the association has improved the selection of excellent public relations cases and other active brands, and successfully held the 11th Shanghai Excellent Public Relations Case Award Ceremony and the 2024 Shanghai Public Relations International Forum. In terms of serving members, the association helps members solve practical problems by building a platform, visiting and investigating, etc., and has also been identified as the contact point for grassroots legislation of the Standing Committee of Shanghai Municipal People’s Congress; In the field of communication and cooperation, the association expanded communication channels at home and abroad, initiated the establishment of the Yangtze River Delta public relations alliance, carried out non-governmental diplomacy, compiled and published the book Inspiration Shanghai, and held many cultural exchange activities.

  Then, the conference released ten major events of Shanghai Public Relations Association in 2024, covering award ceremony, book launch, international forum, cooperation and exchange and other fields.

  In the commendation session, Chen Qingshan, vice president and deputy secretary general of Shanghai Public Relations Association, read out the Decision on Commending Outstanding Units and Individuals in 2024, and commended 32 outstanding units such as Shanghai Newspaper and Shanghai Haiyi Construction (Group) Co., Ltd. and 15 outstanding individuals such as Bu Qiang, general manager of Shanghai Puhe Engineering Design Co., Ltd.

  In addition, the meeting also showed the list of new members in 2024. Subsequently, after all members voted, the meeting passed the resolution of the fourth general meeting of the ninth Shanghai Public Relations Association.

  "In 2025, Shanghai Public Relations Association should not only continue to do a good job in organizing activities and disseminating information, but also become a promoter of harmonious social development and a defender of public interests." Sha Hailin, president of Shanghai Public Relations Association, said that the association will play a greater role around "people’s democracy in the whole process", "social organization consultation" and "social governance" to help China enterprises "go global", spread China culture and actively adapt.andThe development of innovative communication means and strategies.

  Text: Zeng Qingyi

More than 30,000 poor people in Nanyang, Henan Province have been lifted out of poverty because of "Ai"

The picture shows that workers are processing mugwort in a mugwort processing poverty alleviation workshop in Tongbai County. source map

  A common "weed" has turned into a "golden grass" to get rid of poverty and become rich, in the hometown of medical saints — — Nanyang, Henan, is nothing new. This very common "wild grass" growing all over the mountains is called wormwood.

  According to statistics, the planting area of wormwood in Nanyang City exceeds 240,000 mu, and four wormwood industrial parks have been built, with 1,529 registered enterprises and annual sales of 8 billion yuan. It has become the largest wormwood processing base and wormwood leaf distribution center in China, with a national market share of 70%. It has driven more than 100,000 farmers to benefit from planting, harvesting, processing and sales, including more than 31,000 poor people. The whole wormwood industry has shown a vigorous vitality and has become one of the excellent projects for poverty alleviation and development in local rural areas.

  Wormwood turns into a "golden leaf"

  In the eyes of many agricultural technicians and growers, wormwood with its own green ecological "attribute" is the "best partner" to develop poverty alleviation industries. The planting area of wormwood is large and farmers are enthusiastic about planting. To this end, Nanyang City has also established the Ai Industry Association and introduced measures to encourage the development of the Ai industry. According to the principles of farmers’ voluntariness, interest linkage and mutual benefit, all localities have guided the establishment of professional cooperatives and cooperative associations of Ai Cao to cultivate large-scale Ai Cao growers, and "Ai Nong" has embarked on the road to prosperity because of the "Ai Xiang".

  "The national wormwood looks at Wanai, and Wanai is best counted as Tongbai." Yin Zhehua, a poor household in Xiongzhai Village, Maoji Town, Tongbai County, talked about wormwood. Yin Zhehua not only planted wormwood, but also used his spare time to work in a nearby wormwood processing factory. It can be said that it was with "Ai" wealth that he ran towards a well-off society. "My husband died early, and there are two children at home. In the past few years, the days have been tight, and it is common to go to the construction site to do heavy work. Since I built the wormwood precision poverty alleviation employment base at my doorstep, I no longer go to the construction site to work. Now I grow wormwood myself and go to the factory to process moxa sticks. My work is much easier and I earn a lot of money in one month. " Yin Zhehua said happily.

  Nanyang is rich in traditional Chinese medicine culture. In Zhang Zhongjing’s Treatise on Febrile Diseases, there are 6 prescriptions using wormwood, and in Synopsis of the Golden Chamber, there are more than 20 prescriptions using wormwood. Every Dragon Boat Festival, sachets fluttering in the streets and lanes are living advertisements of wormwood products. With the improvement of people’s living standards, the demand for health is more and more urgent. As a pure natural product, wormwood is favored, and wormwood industry has become the most distinctive sunrise industry and the most dynamic industry to enrich the people in Nanyang.

  Today, the planting area of Dengzhou and Tongbai under the jurisdiction of Nanyang City has reached more than 40,000 mu, and the planting areas of Tanghe, Sheqi, Nanzhao, Wolong and Wancheng are all over 10,000 mu. In Nanyang, like Yin Zhehua, more and more poor households have found a way to get rich by planting and processing wormwood.

  The data shows that at present, there are more than 160 varieties of wormwood products developed in Nanyang City, which are exported to 56 countries and regions along the "Belt and Road" with an output value of more than 20 billion yuan. Since 2017, two consecutive national wormwood industry conferences have been held in Nanyang.

  Lengthening the industrial chain of enriching the people

  In Xinzhuang Village, Tongzhaipu Town, tanghe county, the sign of "wormwood industry poverty alleviation base" is particularly eye-catching. This is the 3000-mu high-quality wormwood planting base of Nanyang Daai Ecological Agriculture Development Co., Ltd.. "We adopt ‘ Company+cooperative+poor households ’ The model provides poor households with one-stop services such as planting and technology, and signs a recycling agreement, which has achieved remarkable results in promoting local economic development and increasing farmers’ income. " The person in charge of the company introduced.

  Planting "Ai" will increase income, and "Ai" will lift you out of poverty. "I participated in the whole process from planting and weeding to harvesting, drying and leaf stalk separation in the later stage. I didn’t expect that this wormwood can bring me more than 1,000 yuan a month. Really exciting! " Speaking of wormwood, Yu-fu Li, a poor household who works in Nanyang Daai Ecological Agriculture Company, smiles.

  In the Ai products processing workshop of Jintiandi Agricultural Excellent Products Cooperative in Hongniwan Town, Wancheng District, the express boxes piled up in mountains attracted the attention of reporters. "Many shops in Taobao and JD.COM buy goods from us!" The person in charge of the cooperative proudly said, "The store sends the buyer’s information after receiving the order. I send the goods directly to all parts of the country in the factory, and the store has zero inventory, which also shortens the logistics chain, which is a win-win situation!"

  In recent years, with the expansion of market demand, the purchase price of wormwood has increased year by year, and farmers have begun to plant high-quality wormwood. The wormwood industry featuring wormwood processing and moxibustion medical care has shown an increasingly prosperous momentum. According to the statistics of Nanyang wormwood Industry Association, at present, the average annual benefit of wormwood per mu can reach 3000 yuan, and the economic income of local farmers has been greatly improved by planting wormwood.

  Taking wormwood as the starting point, participating in the "precise poverty alleviation" project to help poor households get rid of poverty and increase their income is just a microcosm of the rapid development of wormwood industry in Nanyang City. According to reports, Nanyang City is actively cultivating and expanding the wormwood industry, processing value-added, lengthening the chain, registering the "Wanai" trademark, and launching the brand, so that the wormwood industry can play the maximum benefit in industrial poverty alleviation.

  Policy escort and steady income increase

  Wormwood is a unique and rich resource of traditional Chinese medicine in China, and it is also a healthy tourism resource with great potential. In recent years, Nanyang Municipal Party Committee and Municipal Government have made the development of wormwood industry as the key content of the city’s big health industry, and successively issued Nanyang Life and Health Industry Action Plan (2015-2020), Nanyang 13th Five-Year Plan for Chinese Medicine Development, Zhang Zhongjing’s Major Special Implementation Plan for Health City, and Nanyang National Comprehensive Reform Experimental Zone Construction Implementation Plan and related supporting measures to build wormwood industrial park and vigorously support it.

  Located in Qiaotou Town, Sheqi County, the wormwood planted by Nanyang Luying wormwood Biological Products Co., Ltd. is growing vigorously. The production and processing enterprises of mugwort products, led by Luying mugwort biological products company, have discovered the characteristics of high cashmere content and high volatile oil content of authentic mugwort in Nanyang, and developed nearly 100 kinds of products, such as traditional mugwort, smokeless mugwort, mugwort, mugwort granules, mugwort essential oil series and mini moxibustion series. The products are exported to dozens of countries and regions such as Japan, South Korea, Southeast Asia and Europe, with an annual output value of several hundred million yuan.

  In today’s society, people’s use of wormwood is no longer limited to copying traditional Chinese herbal medicine culture, but researchers are constantly breaking through and studying its new value. With Nanyang Medical College’s "Nanyang Ai Products Engineering Technology Research Center" and Nanyang Institute of Technology’s "Zhang Zhongjing Provincial Key Laboratory of Prescription and Immunoregulation" as research platforms, through school-enterprise cooperation, a research and development team of wormwood industry was established to continuously promote the transformation of scientific and technological achievements.

  Located between Dafengying Town and Qiaotou Town in Sheqi County, Nanyang Zhongjing wormwood Industry Group covers wormwood planting, wormwood product research and development, domestic and foreign trade, etc. The company has more than ten subsidiaries, and its China Medical Zhongjing Company is the largest wormwood planting enterprise in China, which has driven more than 1,500 neighbors to find jobs, created economic benefits and constantly fulfilled its social responsibilities.

  Wormwood has been fragrant for thousands of years, and its industry is flourishing today. Nowadays, Nanyang wormwood industry is taking the road of green development and ecological poverty alleviation with unprecedented vigorous momentum, and is striving to write a glorious chapter of building a well-off society in an all-round way in the southwestern part of Henan. (He Jian reporter Zhang Peiqi Fan Yaxu)

Meta is hard and OpenAI, and the domestic "small model" official announces open source. Where is the "Hundred Models War" going?

  Since the beginning of this year, the global Internet giants have set off a "hundred-model war", and Microsoft, Google, Baidu and Ali have come to the end one after another. After more than half a year of competition, technology giants are welcoming a new round of road disputes around the big model ecology: facing the parameter "ceiling", will the future of the big model be closed or open?

  The open source model can run on a home computer.

  On August 3rd, two open source models, Qwen-7B and Qwen-7B-Chat, were put on the domestic AI developer community "ModelScope", which were Alibaba Cloud Tongyi Qianwen’s 7 billion parameter general model and dialogue model respectively. Both models were open source, free and commercially available.

  According to reports, Tongyi Qianwen Qwen-7B is a pedestal model that supports many languages such as Chinese and English, and it is trained on more than 2 trillion token (text unit) data sets, while Qwen-7B-Chat is a Chinese-English dialogue model based on the pedestal model, which has reached the cognitive level of human beings.In short, the former is like a "foundation" and the latter is a "house" on the foundation.

  The actual test shows that the comprehensive performance of Qwen-7B model is good. Among them, on the English proficiency evaluation benchmark MMLU, the score is generally higher than that of the mainstream models with the same parameter scale, even surpassing some models with 12 billion and 13 billion parameter scales. On the Chinese evaluation C-Eval verification set, the model also achieved the highest score of the same scale. Qwen-7B model is also among the best in evaluating GSM8K in mathematical problem solving ability and HumanEval in code ability.

  That is to say,In the tests of Chinese and English writing, solving mathematical problems and writing codes, Qwen-7B model is properly a "master of learning", and its score even exceeds the international mainstream model with the same parameter level.

  Besides, the industry is more concerned about the usability of Qwen-7B model. As we all know, the training and operation of mainstream large models need special AI training chips (such as NVIDIA A100), which are not only expensive, but also as high as 10,000 — per NVIDIA A100; 15,000 dollars, and it is monopolized by countries such as Europe and the United States, and it is almost impossible to buy it in China.The domestic Qwen-7B model supports the deployment of consumer graphics cards, which is equivalent to a high-performance home computer to run the model.

  Thanks to free commercialization and low threshold, the Qwen-7B model has been put on the shelves, which has attracted the attention of AI developers.In just one day, on the code hosting platform GitHub, the Qwen-7B model has been collected by more than a thousand developers, and most of the questioners are Chinese developers.As Alibaba Cloud said in the statement: "Compared with the lively AI open source ecology in the English-speaking world, the Chinese community lacks an excellent pedestal model. The addition of Tongyi Qianwen is expected to provide more choices for the open source community and promote the open source ecological construction of AI in China. "

  Open source or closed?

  In fact, Qwen-7B model is not the first big open source model. In fact, GPT-2, the predecessor of ChatGPT, is also completely open source. Its code and framework can be used for free on the Internet, and related papers can be consulted. However, after ChatGPT spread all over the world, OpenAI chose closed-source development, and the model codes such as GPT-3 and GPT-4 have become the trade secrets of OpenAI.

  The so-called open source is open source code.For example, once the big model is declared open source, anyone can publicly obtain the model source code, modify it or even redevelop it within the scope of copyright restrictions. To make a simple analogy,The source code is like the manuscript of a painting, and everyone can fill in the colors according to the manuscript to create their own artistic paintings.

  Closed source is just the opposite of open source.Only the source code owner (usually the software developer) has the power to modify the code, others can’t get the "manuscript" and can only buy the finished product from the software developer.

  The advantages and disadvantages of open source and closed source are very obvious. After open source, the big model will undoubtedly attract more developers, and the application of the big model will be more abundant, but the corresponding supervision and commercialization will become a difficult problem, which is prone to the embarrassing situation of "making wedding clothes for others".After all, open source considers ecological co-prosperity, and it is difficult to figure out the economic account of how much money can be earned at this stage, and these problems happen to be opportunities to close the source.

  Open source or closed source, this is a big model of life and death, the international giants have given the answer.

  Meta, the parent company of Facebook, released the big model Llama2 last month, which is open source and free for developers and business partners, while OpenAI firmly chose GPT-4 closed source development, which not only can maintain OpenAI’s leading position in the generative AI industry, but also can earn more revenue. According to the authoritative magazine Fast Company,OpenAI’s revenue in 2023 will reach 200 million US dollars, including providing API data interface services and subscription service fees for chat bots.

  Domestic big models have gradually begun to "go their separate ways".Alibaba Cloud’s General Meaning ModelAs early as April this year, it was announced to be open to enterprises, and the open source of Qwen-7B model will go further.ERNIE Bot of BaiduIt has also recently announced that it will gradually open the plug-in ecosystem to third-party developers to help developers build their own applications based on the Wenxin model.

  In contrast, Huawei does not take the usual path. When the Pangu Big Model 3.0 was released, Huawei Cloud publicly stated that,Pangu modelThe full stack technology is independently innovated by Huawei, and no open source technology is adopted. At the same time, Pangu Big Model will gather numerous industry big data (involving industry secrets, etc.), so Pangu Big Model will not be open source in the future.

  The big parameters are still small and beautiful.

  In addition, the open source of Qwen-7B model brings another thought:How many parameters do we need a big model?

  There is no denying that,The parameter scale of the large model is constantly expanding.Take the GPT model under OpenAI as an example. GPT-1 only contains 117 million parameters, and the parameters of GPT-3 have reached 175 billion, which has increased by more than 1000 times in a few years, while the parameters of GPT-4 have exceeded the trillion level.

  The same is true of large domestic models. Baidu Wenxin model has 260 billion parameters, Tencent mixed-element model has reached 100 billion parameters, Huawei Pangu model has been estimated to be close to GPT-3.5, and ali tong Yida model has officially announced 10 trillion parameters … …According to incomplete statistics, there are at least 79 large-scale models with over 1 billion parameters in China.

  Unfortunately, the larger the parameter, the stronger the capability of the large model. At the World Artificial Intelligence Conference, Wu Yunsheng, vice president of Tencent Cloud, has a very appropriate metaphor: "Just like athletes practicing physical strength, weightlifters need to lift 200 kilograms of barbells, and swimmers need to lift 100 kilograms. Different types of athletes don’t need everyone to practice 200 kilograms of barbells."

  As we all know,The higher the parameters of the large model, the more resources and costs are consumed.However, it is not necessary to blindly pursue "large scale" or "high parameters" to deepen the vertical large-scale model of the industry, but to formulate relevant model parameters according to customer needs. For example, the BioGPT-Large model has only 1.5 billion parameters, but its accuracy in biomedical professional tests is better than that of the general model with 100 billion parameters.

  Sam Altman, co-founder of OpenAI, also publicly stated that OpenAI is approaching the limit of LLM (Large Language Model) scale. The larger the scale, the better the model is, and the parameter scale is no longer an important indicator to measure the quality of the model.

  Wu Di, the head of intelligent algorithm in Volcano Engine, has a similar view. In the long run, reducing costs will become an important factor in the application of large models. "A well-tuned small and medium-sized model may perform as well as a general large model in a specific job, and the cost may be only one tenth of the original."

  At present, almost all domestic science and technology manufacturers have got tickets for big models, but the real road choice has just begun.

Looking back on the development of integration of defense and civilian technologies in 2017: integration of defense and civilian technologies’s development has entered a new era.

  In September 2017, the 5th China (Mianyang) Science and Technology City International Science and Technology Expo with the theme of "integration of defense and civilian technologies, Science and Technology Innovation and Open Cooperation" was held, and the scene was unprecedented. Chen Dongdong photo/bright picture

  On January 10th, 2018, the industrial base of integration of defense and civilian technologies in Jishui County, Jiangxi Province rose from the ground. Photo by Liao Min/Bright Picture

  2017 is a milestone in the development of integration of defense and civilian technologies in China. This year, the Central integration of defense and civilian technologies Development Committee was established and operated efficiently, and its strategic guidance and overall planning were comprehensively strengthened. This year, integration of defense and civilian technologies’s development strategy was fully implemented, and the system was established, the pattern was fixed, and new plans were broken. integration of defense and civilian technologies’s development events were frequent. This year, the 19th National Congress of the Communist Party of China was successfully held, which defined the course and voyage of integration of defense and civilian technologies’s development, deployed the short-term tasks, drew a blueprint for the future and injected new impetus. This year, major reforms in integration of defense and civilian technologies were significantly accelerated, and a series of policies were launched intensively. integration of defense and civilian technologies’s development boom surged and entered a new era.

  1. usher in the most profound qualitative change

  The 19th National Congress of the Communist Party of China held in October 2017 made a series of arrangements and long-term plans for integration of defense and civilian technologies. The report of the 19th National Congress of the Communist Party of China emphasized "integration of defense and civilian technologies" in three places, profoundly expounded the theoretical guidance, strategic position, development goals and key tasks of integration of defense and civilian technologies’s development in the new era, and further highlighted integration of defense and civilian technologies’s strategic position in strengthening the country and the army. The 19th National Congress established the guiding position of the supreme leader’s thought of strengthening the army in national defense and army building, and formally regarded the development of integration of defense and civilian technologies as an important part of the supreme leader’s Socialism with Chinese characteristics Thought in the new era, and incorporated it into the scientific system of the supreme leader’s thought of strengthening the army, which provided a scientific guide and program of action for promoting integration of defense and civilian technologies’s development and realizing the dream of strengthening the army and strengthening the country in the new era.

  The 19th National Congress of the Communist Party of China listed integration of defense and civilian technologies’s development strategy as one of the seven national strategies to start a new journey of building a socialist modern country in an all-round way, and wrote the firm implementation of integration of defense and civilian technologies’s development strategy into Constitution of the Communist Party of China, further highlighting the important position of integration of defense and civilian technologies’s development strategy in the national strategic system. This will be a major national strategy that runs through the whole process of building a world-class army and building a socialist modern power in an all-round way. By establishing such a strategic orientation, our Party will be able to give full play to the political advantages of unified leadership, the institutional advantages of socialist concentrated efforts to do great things, stimulate the creative spirit and patriotic enthusiasm of hundreds of millions of people throughout the country, and do a good job in implementing the development strategy of integration of defense and civilian technologies.

  The report of the 19th National Congress of the Communist Party of China emphasized the formation of integration of defense and civilian technologies’s deep development pattern, the construction of an integrated national strategic system and capabilities, and the clear direction of integration of defense and civilian technologies’s development in the new era. To build an integrated national strategic system and capability is to reshape the national security and development strategic system, completely eliminate the dual separation of military and civilian, promote the integrated allocation of military and civilian resources and the integrated use of military and civilian forces, realize the overall planning of national development and security, the integrated development of economic construction and national defense construction, and the simultaneous improvement of economic strength and national defense strength, comprehensively enhance the country’s comprehensive strength and strategic competitiveness, and provide strategic support for building a socialist modern power. The report of the 19th National Congress of the Communist Party of China defined the key tasks of integration of defense and civilian technologies’s development in the new era, and emphasized the need to strengthen unified leadership, top-level design, reform and innovation, and the implementation of major projects, and deepen the reform of national defense science, technology and industry. This task deployment focuses on political guarantee, strategic planning, system construction and project implementation, and establishes the basic focus of implementing integration of defense and civilian technologies’s development strategy.

  To promote the in-depth development of integration of defense and civilian technologies, it is difficult to break through the institutional bottleneck. It has become an important historical task to break the institutional mechanism and the interest barrier behind it to promote the development of integration of defense and civilian technologies. At the beginning of the new year in 2017, the Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting and decided to set up the Central integration of defense and civilian technologies Development Committee, with the Chairman of the Supreme Leader as its director. As soon as the news came out, it quickly triggered widespread concern at home and abroad and heated public opinion. The establishment of this major institution has established a unified leadership system for integration of defense and civilian technologies’s development from the top-level institutional framework of state governance, and strengthened unified leadership and overall decision-making on major issues in integration of defense and civilian technologies across military areas, fields and systems. It is a major reform and innovation of China’s national defense system and mechanism, which has far-reaching historical significance.

  In 2017, people strongly felt that it was normal for the Central integration of defense and civilian technologies Development Committee to hold regular meetings to study and decide on major issues of integration of defense and civilian technologies’s development. On June 20th, the Central integration of defense and civilian technologies Development Committee held its first plenary meeting, and deliberated and adopted the Working Rules of the Central integration of defense and civilian technologies Development Committee, the Recent Work Points of the Central integration of defense and civilian technologies Development Committee, and the Opinions on the Establishment of Development Leading Institutions and Working Institutions in integration of defense and civilian technologies Province (autonomous regions and municipalities). On September 22nd, the integration of defense and civilian technologies Development Committee of the Central Committee held its second plenary meeting, focusing on the tasks of integration of defense and civilian technologies of national defense science, technology and industry, socialization of military support, and implementation of national defense requirements for major infrastructure. Integration of defense and civilian technologies’s development has entered the fast lane of improving quality and increasing efficiency.

  All provinces (autonomous regions and municipalities directly under the Central Government) have set up provincial-level integration of defense and civilian technologies development leading bodies and working bodies based on local conditions and in accordance with the principle of "real need, simplification and high efficiency". By the end of December last year, the party committees of 31 provinces, municipalities and autonomous regions had successively set up leading bodies in integration of defense and civilian technologies. At the same time, military-related reforms have been accelerated. In 2017, a new institution in the People’s Army — — With the birth of the Military Scientific Research Steering Committee of the Central Military Commission, together with the Science and Technology Committee of the Military Commission, China’s national defense science and technology innovation has a brand-new top-level structure, and the construction of integration of defense and civilian technologies’s innovation system has a strong institutional support.

  In 2017, the development system of integration of defense and civilian technologies ushered in the most profound qualitative change in the past 40 years of reform and opening-up, and established the working pattern of overall decision-making by the committee, comprehensive coordination of the office, and division of responsibilities between the military and local departments, and made great progress in building a vertically integrated, horizontally coordinated, smooth and efficient organization and management system in integration of defense and civilian technologies.

  2. The policy and institutional environment has been continuously optimized.

  To promote the in-depth development of integration of defense and civilian technologies, it is basically to promote the transformation of economic construction and national defense construction from fragmented design to integrated military and civilian planning, from key integration areas to multi-field extension and expansion, from loose combination of factors to integration and integration of all factors, and then realize the process of structural optimization, resource conservation and technological innovation.

  2017 is a year of frequent major policy system reform initiatives in integration of defense and civilian technologies. Relevant policies and measures have been introduced at all levels in the military and civilian areas. The fiscal, taxation and financial policies related to integration of defense and civilian technologies’s development have been further improved, the channels for ensuring funds have been continuously expanded, and the institutional environment for integration of defense and civilian technologies’s development policies has been continuously optimized.

  Major reforms have been further accelerated. The reform of the first batch of 41 military scientific research institutes was implemented, and the reform schemes such as airspace management system, military pricing bargaining rules and equipment procurement system were further demonstrated. The "weapons and equipment quality management system certification" and "equipment contractor qualification examination" were integrated, and the working mechanism of joint examination of weapons and equipment research and production licenses and equipment contractors was comprehensively promoted. We will promote the integration and sharing of large-scale military and civilian defense scientific research instruments and equipment, the innovative cooperation of military-civilian dual-use technology alliance with equity as the link, and the identification and access standards of supporting core military products for civilian enterprises throughout the country.

  Major policies were launched intensively. On August 23rd, the Ministry of Science and Technology and the Science and Technology Committee of the Military Commission publicly released the Special Plan for the Development of Science and Technology integration of defense and civilian technologies in the 13th Five-Year Plan. On September 22nd, the second plenary session of the Central integration of defense and civilian technologies Development Committee deliberated and adopted the 13th Five-Year Plan for the Development of National Defense Science, Technology and Industry, Opinions on Promoting the Deep Development of National Defense Science, Technology and Industry in integration of defense and civilian technologies and Implementation Opinions on Promoting the Deep Development of Military Logistics in integration of defense and civilian technologies during the 13th Five-Year Plan. On November 23rd, the General Office of the State Council issued "Opinions on Promoting the Deep Development of National Defense Science, Technology and Industry in integration of defense and civilian technologies", which contained high gold content and sent a strong signal to the outside world to break the boundary between military industry and civilian population and break through the barriers of ownership.

  Only by integrating according to law can we be stable and far-reaching. In January 2017, People’s Republic of China (PRC)’s National Defense Traffic Law came into effect, which is the first basic law in the history of the Republic to specifically regulate national defense traffic activities. It is also the first national defense legislation in China since the 18th National Congress of the Communist Party of China, bearing the great mission of solving the development problems of integration of defense and civilian technologies by the rule of law. Integration of defense and civilian technologies’s comprehensive legal legislation has been stepped up, integration of defense and civilian technologies’s laws and regulations have been enacted, revised, abolished and interpreted in different fields, policy documents and standards that are not suitable for integration of defense and civilian technologies’s development have been comprehensively cleaned up, abolished and revised, and local policies and regulations that support integration of defense and civilian technologies’s development have been promulgated one after another, and integration of defense and civilian technologies’s environment for developing the rule of law has gradually taken shape.

  Promote integration through openness. In 2017, a series of real tricks for information disclosure and market opening occurred frequently. In order to "wake up" the national defense patent "Sleeping Beauty" status, on March 6, the Equipment Development Department of the Central Military Commission released 2346 pieces of national defense patent decryption information for the first time, boosting the transfer and transformation of national defense patent technology to the civilian field. On September 25th, the national defense intellectual property information platform was put into operation and provided information inquiry service, aiming at solving the problem of poor communication and sharing channels of national defense patent information. In the two years since the PLA’s weapons and equipment procurement information network was launched, more than 11,900 registered and certified enterprise users have published more than 7,500 pieces of military equipment procurement information, and more than 5,000 pieces of superior products and technologies recommended by enterprises have been made public in military demand information, effectively building a platform for online supply and demand information docking. For the first time, our army published the guide of equipment pre-research project online, which opened the door to participate in national defense science and technology innovation for high-quality social resources. In late May, the Logistics Support Department of the Military Commission issued 63 military logistics open scientific research projects, and selected research units for local open competition, marking an important step in the development of integration of defense and civilian technologies in the field of military logistics science and technology.

  3. Combat effectiveness and productivity have achieved double improvement.

  On October 23, 2017, a news aroused great concern in the society: Air Force Logistics Department signed strategic cooperation agreements with five leading local logistics enterprises, including Shunfeng Group, China Railway Express, China Post Express, Debon Logistics and Jingdong Logistics, to promote logistics and logistics in integration of defense and civilian technologies in a "systematic, integrated and full coverage" way. This exploration shows a general trend of the times. It can be predicted that the in-depth development of integration of defense and civilian technologies will set off an all-round military management revolution, completely change the traditional self-contained and relatively closed development model, and absorb and apply the most advanced knowledge, cutting-edge technology and top-quality talent resources in the economic society to the construction of modern services.

  In 2017, based on their own advantages, all localities implemented integration of defense and civilian technologies’s development strategy and innovation-driven development strategy as a whole, and took integration of defense and civilian technologies’s development as an important part of promoting supply-side structural reform. They implemented differentiated development according to local conditions, actively created a new pattern of regional integration of defense and civilian technologies’s development with different characteristics and emphases, and made efforts to create new development momentum and expand new development space. Some provinces and cities have formulated opinions and planning plans for the implementation of integration of defense and civilian technologies’s development, boldly explored new mechanisms and new modes of military-to-civilian, civilian-to-army and military-civilian collaborative innovation, vigorously promoted military-civilian technology integration, product integration, capital integration and talent integration, and successively built a number of platforms for information sharing, open innovation, investment and financing, incubation and transformation, so as to fully tap the development potential of integration of defense and civilian technologies in this region. Some local governments take integration of defense and civilian technologies-related industries as high-end industries that will lead the future development, and launch a series of genuine policies and measures to support the development of regional integration of defense and civilian technologies, making efforts to build industrial clusters in integration of defense and civilian technologies and cultivate and tap new economic growth points. It is the organic combination and interaction between the visible hand of the government and the invisible hand of the market that the government creates the environment — Innovative entrepreneurs gather — Enterprise agglomeration — Industrial agglomeration — The economy is bigger and stronger — A virtuous circle pattern of enhanced integration and development potential is accelerating in some key areas.

  With the continuous efforts of the military and civilian levels, integration of defense and civilian technologies’s "Ren Du Er mai" is being opened, which has promoted the double promotion of combat effectiveness and productivity and accelerated the generation of integrated national strategic capabilities. Major demonstration projects deployed in the 13th Five-Year Plan have been launched, and a number of major projects are being accelerated. At the third integration of defense and civilian technologies Exhibition on the Achievements of Developing High-tech Equipment, 422 integration of defense and civilian technologies innovations from 354 enterprises in China made a wonderful appearance, and a large number of scientific and technological innovations were exciting. Beidou satellite navigation system, the national quantum secure communication "Beijing-Shanghai trunk line", Shenwei Taihu Light Supercomputer and other national heavyweights made public appearances. Over the past year, Chang ‘e III has achieved the first soft landing of extraterrestrial objects and the automatic inspection of the lunar surface, and the manned space missions of Tiangong-2 and Shenzhou-11 have been successfully completed. Beidou-3 began global networking, and the accuracy of providing services for the Asia-Pacific region has reached the meter level. Beidou-3 began global networking, and the accuracy of providing services for the Asia-Pacific region has reached the meter level. The first flight of C919, a large aircraft, and the first flight of a new generation of large and medium-sized launch vehicles were successfully completed, and many major technological breakthroughs were made in the special projects of aero-engine and gas turbine. Significant progress has been made in the special project of "Nuclear High Base", and the independent guarantee rate of core electronic devices of supporting equipment has been increased from less than 30% to 85%, and the problem of "sticking neck" of core electronic devices that have long relied on imports has been alleviated. Over the past year,The transformation of military and civilian technology has been accelerated, such as "air conditioning vest", "missile" for fire fighting, ground penetrating radar for "CT scanning" of underground pipelines, and unmanned aerial vehicle & HELIP, which is monitored 24 hours a day; … A large number of high-end scientific and technological achievements are also benefiting society.

  I will ride the wind and break the heavy waves some day, and then set the cloudlike sail and cross the sea. The coming period is not only an opportunity period to promote the deep integration of military and civilian, but also a crucial period to break the dual separation of military and civilian. We must firmly grasp the historical opportunity, overcome difficulties, forge ahead, and work together with the military and the people to accelerate the formation of a deep development pattern in integration of defense and civilian technologies.

  (Author: Jiang Luming, Professor of integration of defense and civilian technologies Development Research Center of National Defense University; Wang Weihai, Lecturer, integration of defense and civilian technologies Development Research Center, National Defense University)

How to understand and grasp the new historical orientation of China’s development

  Economic Daily China Economic Net reporter Xiong Li

  Comrade Supreme Leader pointed out in the report of the 19th National Congress: "After long-term efforts, Socialism with Chinese characteristics has entered a new era, which is a new historical orientation for China’s development." How to understand and grasp the new historical orientation of China’s development? The Economic Daily China Economic Net reporter interviewed Yang Shengqun, member of the Standing Committee of Chinese People’s Political Consultative Conference and vice president of the Chinese Communist Party Literature Research Association.

  Entering a new era is based on objective fact judgment.

  Socialism with Chinese characteristics entered a new era based on the judgment of objective facts. Especially since the 18th National Congress of the Communist Party of China, promoting the overall layout of "five in one" and coordinating the work of "four comprehensive" strategic layout have become many major events that we wanted to do in the past but failed to do, and promoted historic changes in the cause of the party and the state.

  Reporter: What is the basis for this major judgment in the report of the 19th National Congress?

  Yang Shengqun: The Supreme Leader pointed out that Socialism with Chinese characteristics’s entry into a new era means that the Chinese nation, which has suffered a lot in modern times, has ushered in a great leap from standing up, becoming rich and becoming strong, and has ushered in a bright prospect of realizing the great rejuvenation of the Chinese nation. This is a new conclusion about the historical orientation of China’s development and the historical process of the great rejuvenation of the Chinese nation, which brilliantly summarizes and scientifically calibrates the new historical orientation of China’s development and has far-reaching strategic significance.

  Socialism with Chinese characteristics entered a new era based on the judgment of objective facts. Over the past 40 years of reform and opening-up, our Party has United and led the people of all ethnic groups throughout the country to make unremitting efforts, pushing China’s economic strength, scientific and technological strength, national defense strength and comprehensive national strength to the forefront of the world, and promoting China’s international status to an unprecedented level. The face of the Party, the face of the country, the face of the people, the face of the army and the face of the Chinese nation have undergone unprecedented changes. Especially since the 18th National Congress of the Communist Party of China, the CPC Central Committee with the Supreme Leader as the core has taken the baton of history, promoted the overall layout of "five in one" as a whole, coordinated and promoted the "four comprehensive" strategic layout, put forward a series of new ideas, new ideas and new strategies with great political courage and strong responsibility, promulgated a series of major principles and policies, launched a series of major initiatives, promoted a series of major tasks, and solved many problems that had been wanted to be solved for a long time. It is on this basis that Socialism with Chinese characteristics has entered a new era.

  Comrade Supreme Leader’s new judgment on the historical orientation of China’s development and the historical process of the great rejuvenation of the Chinese nation profoundly reveals Socialism with Chinese characteristics’s decisive significance for the great rejuvenation of the Chinese nation. From standing up, becoming rich to becoming strong, China can achieve this great leap, in the final analysis, because it chose the road of Socialism with Chinese characteristics. The great leap from standing up, becoming rich to becoming strong has made the great rejuvenation of the Chinese nation stand at a new historical starting point and opened a new chapter in upholding and developing Socialism with Chinese characteristics.

  Change and constancy are that basic basi for planning the future.

  On the whole, the level of social productive forces in China has improved significantly, and the social productive capacity has entered the forefront of the world in many aspects. The more prominent problem is that the development imbalance is insufficient; Our judgment on the historical stage of China’s socialism has not changed. The basic national conditions that China is still in the primary stage of socialism for a long time have not changed. China’s international status as the largest developing country in the world has not changed.

  Reporter: The report of the 19 th National Congress pointed out that "Socialism with Chinese characteristics has entered a new era, and the main contradiction in our society has been transformed into the contradiction between the people’s growing need for a better life and the unbalanced development." How should we understand and grasp the transformation of major social contradictions?

  Yang Shengqun: This judgment is a new scientific judgment made by the supreme leader comrades on the major social contradictions in Socialism with Chinese characteristics in the new era by using dialectical materialism and historical materialism. China has steadily solved the problem of food and clothing for more than one billion people, achieved a well-off society on the whole, and will soon build a well-off society in an all-round way. The people’s needs for a better life are increasingly extensive, which not only puts forward higher requirements for material and cultural life, but also grows in terms of democracy, rule of law, fairness, justice, security and environment. At the same time, the level of China’s social productive forces has improved significantly on the whole, and the social productive forces have entered the forefront of the world in many aspects. The more prominent problem is the insufficient development imbalance, which has become the main constraint to meet the people’s growing needs for a better life.

  From now until 2020, it is the decisive period for building a well-off society in an all-round way. We should closely follow the changes of major social contradictions in our country, make overall plans to promote economic construction, political construction, cultural construction, social construction and ecological civilization construction, firmly implement the strategies of rejuvenating the country through science and education, strengthening the country through talents, innovation-driven development, rural revitalization, regional coordinated development, sustainable development and integration of defense and civilian technologies development, highlight key points, make up shortcomings and strengths, and in particular, resolutely fight hard to prevent and resolve major risks, get rid of poverty accurately and prevent pollution.

  Reporter: How to understand the changing and unchanging national conditions of Socialism with Chinese characteristics in the new era?

  Yang Shengqun: The new era contains profound "change" and "unchanged". "Change" means that the main contradiction in our society has changed from "the contradiction between people’s growing material and cultural needs and backward social production" to "the contradiction between people’s growing need for a better life and unbalanced development". "No change" means that our judgment on the historical stage of socialism in China has not changed, our basic national conditions that China is still in the primary stage of socialism and its international status as the largest developing country in the world has not changed.

  The "change" and "unchanged" in the new era are the basic basis for us to plan our future development. It must be recognized that the change of the principal contradiction in our society is a historical change that has a bearing on the overall situation and puts forward many new requirements for the work of the party and the state. This judgment requires us to firmly grasp the basic national conditions of the primary stage of socialism, firmly base ourselves on the greatest reality of the primary stage of socialism, firmly adhere to the party’s basic line, the lifeline of the party and the country, and the happiness line of the people, lead and unite the people of all ethnic groups throughout the country, take economic construction as the center, adhere to the four cardinal principles, persist in reform and opening up, self-reliance, and work hard to build China into a prosperous, strong, democratic, civilized, harmonious and beautiful socialist modern power. On the other hand, on the basis of continuing to promote development, we are required to solve the problem of insufficient development imbalance, vigorously improve the quality and efficiency of development, better meet the growing needs of the people in economic, political, cultural, social and ecological aspects, and better promote the all-round development of people and social progress.

  Write a good article on upholding and developing Socialism with Chinese characteristics.

  The theme of Socialism with Chinese characteristics is the fundamental achievement of the Party and the people who have gone through hardships and paid a huge price, and it is also the fundamental summary of the practice of reform and opening up in the past 40 years. Socialism with Chinese characteristics is a scientific socialism rooted in the land of China, reflecting the wishes of China people and adapting to the development and progress of China and the times.

  Reporter: How to uphold and develop Socialism with Chinese characteristics in the new era?

  Yang Shengqun: Based on a new historical starting point and with an eye to achieving the goal of "two hundred years" and the great rejuvenation of the Chinese nation, the Supreme Leader has made a new layout for upholding and developing Socialism with Chinese characteristics’s great article and put forward an overall, strategic and forward-looking action program. Socialism with Chinese characteristics is a constantly developing and advancing cause, just like a masterpiece, which needs to be written by generations.

  Continue to write a good article on upholding and developing Socialism with Chinese characteristics, and lead the whole article with the theme of Socialism with Chinese characteristics. Comrade Supreme Leader emphasized that Socialism with Chinese characteristics has been the theme of all the Party’s theories and practices since the reform and opening up, and the whole Party should more consciously enhance Socialism with Chinese characteristics’s road confidence, theoretical confidence, institutional confidence and cultural confidence. The theme of Socialism with Chinese characteristics is the fundamental achievement of the Party and the people who have gone through hardships and paid a huge price, and it is also the fundamental summary of the practice of reform and opening up in the past 40 years. Socialism with Chinese characteristics is a scientific socialism rooted in the land of China, reflecting the wishes of China people and adapting to the development and progress of China and the times.

  In contemporary China, adhering to the theme of Socialism with Chinese characteristics means adhering to the political direction of socialism, and the connotation of this theme is constantly enriched and developed. As pointed out by the Supreme Leader, since the 18th National Congress of the Communist Party of China, our party has made arduous theoretical explorations, made great theoretical innovations, and formed Socialism with Chinese characteristics Thought in the new era. The formation of Socialism with Chinese characteristics Thought in the new era is of great and far-reaching significance, adding new and important contents to Socialism with Chinese characteristics’s theoretical system, and it is the action guide for the whole party and people to strive for the great rejuvenation of the Chinese nation.

  The cause of Socialism with Chinese characteristics and the great cause of the Chinese nation’s rejuvenation need the historical responsibility of generation after generation. Leading cadres at all levels should strengthen their sense of responsibility, take the responsibility of promoting reform, development and stability with iron shoulders, take the responsibility of strictly administering the party in an all-round way, and truly be responsible, responsible and conscientious. At present, the reform has reached a critical stage, so we should dare to face difficulties, overcome difficulties and carry out the reform to the end; Poverty alleviation has reached a critical stage. We must face up to difficulties, dare to bite hard bones, and resolutely win the tough battle of precision poverty alleviation. Every Communist party member should actively share his worries for the party and do his duty for the people in his post, and promote the formation of a new fashion of thinking, daring and being able to do in the whole party.

Have you seen all the 20 highest-grossing movies in the history of global movies?

NO4:Ten commandments

Global box office: $2.6 billion(Considering inflation)

Total box office in North America: $1.1 billion (considering inflation)

Release time: October 5, 1956

The Ten Commandments is a biblical film released in 1956, directed by Demir and played by Charlton Heston as Moses. The film shows Moses’ transformation from the prince of Egypt to the leader of Israel, and the ten commandments he promulgated. The film was a box office success and a classic in film history.

NO5:Exorcist

Global box office: $2.46 billion(Considering inflation adjustment)

Total box office in North America: $996 million (adjusted for inflation)

Release time: December 26, 1973

The Exorcist, directed by william friedkin, is adapted from a horror novel. It tells the story that young Reagan is haunted by demons, and his mother turns to two priests to save his soul. The film has become a classic with its horror atmosphere and strong visual shock, and it is a milestone of horror movies with great influence.

NO6:The Sound of Music

Global box office: $2.38 billion(Considering inflation adjustment)

Total box office in North America: $1.37 billion (adjusted for inflation)

Release time: March 2, 1965

The Sound of Music, a classic film in 1965, starring Julie Andrews and christopher plummer. The film tells the story of an Austrian woman who becomes a tutor of Von trapp, and it has achieved great success at the box office.

NO7:Titanic

Global box office: $2.188 billion

Total box office in North America: $659.4 million

Release time: December 19, 1997

Titanic is the most expensive movie ever, but its return is many times that of its own investment. And won $2.188 billion at the box office and 11 Oscars.

NO8:Avengers 3: Infinite War

Global box office: $2.048 billion

Total box office in North America: $678.8 million

Release time: April 27, 2018

Avengers 3: Infinite War brings together the essence of Marvel’s ten-year universe, showing exciting battles and moving plots, creating a huge suspense. The film was directed by Russo brothers, who skillfully combined the long-established story lines. This successful film not only has a good box office, but also has become a clever marketing strategy. Fans have to wait for a year to witness the ultimate fate of the heroes. "The Final Battle" was released in a year of hype.

NO9:《E.T Alien

Global box office: $1.8 billion (Considering inflation adjustment)

Total box office in North America: $1.34 billion (adjusted for inflation)

Release time: June 11, 1982

Spielberg’s "E.T. Alien", released in 1982, is a science fiction film about Eliot’s friendship with the alien E.T.. Rich emotion and excellent special effects make it a classic, occupying the top spot at the box office for a long time, and it is a very popular commercial masterpiece in the history of movies.

NO10: "Jurassic World"

Global box office: $1.672 billion

Total box office in North America: $652.3 million

Release time: June 12, 2015

The new chapter of Jurassic Park series was initially questioned by fans. Spielberg won applause in the 1990s for the horror brought by giant dinosaurs. In the new film, Chris Pratt and Bryce Dallas Howard starred, pushing this series to the peak of business, becoming the third film with a box office of over 600 million dollars after Titanic, which won both reviews and commercial success.

NO11: The Lion King (2019 Edition)

Global box office: $1.6 billion

Total box office in North America: $543 million

Release time: July 19, 2019

Joe Favraud’s The Lion King combines retro and innovation. This film uses cutting-edge animation technology to bring realistic glory to the audience. The star cast, including Beyonce and donald glover, attracted many fans.

The film reproduces the growth story of Simba, while injecting new elements and retaining the classic charm. Classic songs such as "The Cycle of Life" are combined with new tracks to create a beautiful musical experience. The film won high praise from critics and audiences for its visual effect and emotional expression.

NO12: Godfather

Global box office: $1.46 billion(Considering inflation adjustment)

Total box office in North America: $802 million (adjusted for inflation)

Release time: March 14, 1972

Coppola’s Godfather is adapted from Puzo’s novel, focusing on the Corleone family of new york Mafia. Won three Oscars and became a cultural landmark with far-reaching influence.

NO13:Doctor zhivago.

Global box office: $1.33 billion(Considering inflation adjustment)

Total box office in North America: $1.26 billion (adjusted for inflation)

Release time: December 22, 1965

Doctor zhivago is a love film directed by david lean in the background of Russian revolution. The protagonist is played by omar sharif, and the story is based on Pasternak’s novel. The film shows the tortuous love between Yuri zhivago and Lala (Julie Christie).

This work won the audience’s love and critical praise with its excellent photography and unforgettable music. Doctor zhivago, known as a classic, is famous for its grand scene, deep affection and moving acting skills.

NO14: Iron Man 3

Global box office: $1.215 billion

Total box office in North America: $409 million

Release time: May 3, 2013

Robert Downey Jr. has regained success in Hollywood because of the Iron Man series, especially Iron Man 3 after The Avengers, even though some comic book fans don’t think highly of director shane black’s work. North American box office broke 400 million, and the global total box office reached 1.215 billion US dollars.

NO15: The Clown

Global box office: $1 billion

Total box office in North America: $335 million

Release date: October 4, 2019

Joaquin phoenix, an actor who captivated the directors. With its dedication and dedication to the role, the performance in The Clown in 2019 was a great success, and the global box office broke 1 billion.

Unlike Jared Leto’s role in Suicide Squad, Phoenix’s performance won the "masterpiece" evaluation and was regarded as the exploration of the dark side of the film, which won many five-star praises.

NO16: Wonder Woman

Global box office: $821,847 million

Total box office in North America: $415.5 million

Release time: June 2, 2017

Diana Prince appeared on the screen decades before DCEU appeared. Wonder woman, played by Gal Gadot, shocked the audience with strength and morality, and DC tried to enter the superhero action drama market and get a slice of Marvel Comics. 2017 marks the beginning of this attempt.

The film became the sixth highest box office that year and was rated as "exciting" and "sincere". Chris pine’s performances as Steve Trevor and Gado were praised, and their cooperation helped the film’s global revenue reach 821 million US dollars.

NO17: "Guardians of the Galaxy"

Global box office: $773.328 million

Total box office in North America: $371 million

Release time:August 1, 2014

Guardians of the Galaxy stands out in MCU with its unique style, starring Chris Parrot and other stars. The team is now a member of The Avengers, but this was not the case at the premiere. This movie became the third highest-grossing movie in Marvel Universe, second only to Iron Man 3 and The Avengers.

NO18:Venom

Global box office: $856.1 million

Total box office in North America: $213.5 million

Release time: October 5, 2018

In 2018, "Venom" appeared on the screen, with Tom Hardy as the protagonist Eddie Brock and the transformed Venom. This film shows Hardy’s superb acting skills in the field of action, and he enters the Marvel Comics world for the first time after the DC role Bain. Although the film was generally evaluated by the film critics, its global box office reached $850 million and it was a commercial success.

NO19:Fatal attraction

Global box office: $833 million(Considering inflation adjustment)

Total box office in North America: $405 million (adjusted for inflation)

Release time: September 18, 1987

Fatal Attraction, a psychological thriller directed by adrian lyne, stars michael douglas and glenn close. The film depicts a dangerous infatuated love affair and its tense consequences, and becomes a phenomenal work of commercial success, often serving as a warning story about the dangers of infidelity and obsession.

NO20: Inception

Global box office: $837 million

Total box office in North America: $292,587 million

Release time: July 16, 2010

Inception was released in the summer of 2010 and quickly became a hit film. Nolan’s action film cost 160 million dollars, and the global box office reached nearly 900 million dollars. DiCaprio plays a thief who can enter a dream and steal information. This innovative setting has attracted many audiences.