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"Wisdom Things" Evening News No.767
Tuesday, October 17th, 2017

# Today’s news #

1. Huawei released the AI flagship mobile phone Mate10 5400 yuan for sale.

On October 16th, it was reported that Huawei held a new launch conference of Mate10 series mobile phones in Munich, Germany, and released Huawei Mate 10, Huawei Mate 10 Pro and Huawei Mate 10 Porsche version. Huawei Mate 10 series and Mate 10 Pro are both equipped with AI chip "Kirin 970", adopting EMUI 8.0 system, and at the same time using 2K display screen, which increases the battery capacity by up to 40% compared with the previous generation. Mate 10 costs 699 euros (about 5400 RMB, 4GB+64GB), Mate 10 Pro costs 799 euros (about 6200 RMB, 6GB+128GB) and Porsche customized Mate 10 costs 1395 euros. All three mobile phones will be officially launched in early November.

Mate 10 series uses a 5.9-inch RGBW HDR panel with a ratio of 16:9, with a resolution of 2560×1440, and the front entity Home key supports fingerprint recognition. Mate 10 Pro adopts full-screen design: 6-inch OLED HDR panel with 18:9 ratio, resolution of 2160×1080, and rear fingerprint.

2. Daimler will reorganize and split the car and truck business on a large scale.

On October 16th, Bloomberg reported that Daimler announced that it had broken the group structure, making Mercedes-Benz automobile department and truck production business independent legal entities, and planned to transform into holding companies of three subsidiaries, namely Mercedes-Benz automobile and van, Daimler truck and bus business and financial services department, which are already independent legal entities. Shareholders may vote as early as 2019.

3. LeTV’s second CEO Zhang Hailiang has been hit hard or has left.

On October 16th, a source said today that Zhang Hailiang, the vice chairman and CEO of LeTV, had left LeTV and joined Beijing Dianka Automobile as the chairman and CEO. Che Dongxi contacted the insiders of LeTV, and the other party confirmed the matter, but the specific details have not been officially announced. It is worth mentioning that Jia Yueting, who is still the chairman of LeTV, has not expressed his position yet.

Like Ding Lei, who left LeTV earlier, Zhang Hailiang was once an important executive of SAIC. Ding Lei used to be the vice president of SAIC and the general manager of Shanghai GM, while Zhang Hailiang used to be the general manager of Shanghai Volkswagen, also the vice president of SAIC. Today, the first-line executives of two traditional car companies have left LeTV.

# Artificial Intelligence #

1. The first shot of Dharma Institute: Microsoft Google experts join AI Lab.

On October 16th, recently, Ali announced the establishment of the Dharma Institute, an entity that carries the "NASA Plan", aiming at conducting research on basic science and subversive technological innovation. Ma Yun said that in the next three years, more than 100 billion yuan will be invested in Dharma Institute.

The Dharma Institute has just been established, but it is progressing rapidly. Dr. Nie Zaiqing, Principal Investigator of Microsoft Research Asia, and Dr. Li Mingyang, Technical Director of Google Tango and DayDream Project, joined Ali AI Labs. Among them, Nie Zaiqing will be the general manager of AI Labs Beijing R&D Center, and Li Mingyang will be the outstanding scientist of AI Labs machine vision. According to reports, Dr. Nie Zaiqing previously worked for Microsoft Research Asia as the chief researcher, mainly responsible for the research and development of Microsoft’s natural language understanding and entity mining, and related technologies have been applied to Bing, Office, Cortana and other products. After joining AI Labs, he will not only be responsible for the R&D work of Beijing R&D Center, but also focus on breaking through the two research directions of knowledge map and natural language understanding.

Dr. Li Mingyang’s main research fields are vision-inertial navigation odometer (VIO) and instant positioning and map reconstruction (SLAM). Previously, he worked for Google as the technical director of Dream/Tango project, studying multi-sensor fusion and SLAM, including theoretical innovation and commercialization of technology.

2. Former Amazon scientist Bo Liefeng joined JD.COM AI Lab.

On October 16th, Dr. Bo Lefeng, the former chief scientist of Amazon, joined JD Finance as the chief scientist of JD Finance AI Lab. According to JD Finance, the research and development fields of JD Finance AI Lab cover image recognition, speech recognition, human-computer dialogue and other fields. In the future, JD Finance will adopt similar technology development strategies like giants such as Ali and Tencent, and carry out long-term cooperation with research institutions of top universities in the United States, and strive to develop the most cutting-edge technologies in the field of artificial intelligence.

It is reported that Bo Liefeng received his Ph.D. from xidian university in 2007, and has been engaged in postdoctoral research in Toyota Research Institute of Chicago University and Washington University. The research content involves machine learning, deep learning, computer vision, robotics, natural language processing and many other fields.

3. EasyGo, an unmanned store, won tens of millions of strategic investments from Times Real Estate.

According to media reports, EasyGo, a new retail unattended convenience store project, announced that it has obtained tens of millions of strategic investments from Times Real Estate. It is reported that this financing will be mainly used to build a data background, improve technology, and quickly expand stores. EasyGo was established in 2017 with a seed round financing of 5 million yuan; Angel Round raised 20 million yuan, which was invested by Zhejiang Yikun Venture Capital and Shenzhen Yongtian.

Wang Mumu, co-founder of EasyGo, said that in cooperation with real estate developers, it is hoped that EasyGo convenience stores will become part of the supporting services provided by real estate developers and property management companies to owners in the future. It is said that the number of stores of EasyGo in Guangzhou will increase to 100 by the end of the year. In addition to being stationed in major cities in Shenzhen and the Pearl River Delta, it will carry out high-density layout in five key regions of the country next year.

4. After Wal-Mart, Google Target cooperated with voice shopping project.

According to media reports, Target, a well-known American department store, has been cooperating with Google for many years, but the scope of cooperation is limited to a few cities in the United States. Recently, Target and Google announced that they will expand this cooperation to the national market, and soon Target will become a retail partner of Google’s voice shopping project, so that Target users can also shop through voice commands.

In addition to Target, at the end of August this year, Wal-Mart also announced that it had joined hands with Google to officially enter the voice shopping market, and joined Google Express, Google’s online shopping platform, in September.

# New trip #

1. Pony.ai’s China headquarters settled in Guangzhou, and the unmanned motorcade was pushed years ago.

On October 16 th, the auto-driving startup Pony.ai (Chinese name Xiaoma Zhixing) signed a contract with the Guangzhou Nansha Development Zone Management Committee to set up an unmanned R&D center and headquarters base in Nansha, and plans to launch an unmanned fleet before the end of the year.

Pony.ai was founded by Peng Jun and Lou Tiancheng, who used to work for Baidu’s unmanned vehicle team, aiming at high-level autonomous driving (above L3). When they were in Baidu, their ranks were T11 and T10 respectively. Pony.ai first developed in Silicon Valley, and then set up its domestic headquarters in Beijing. With this signing, Pony.ai promised to move its national headquarters to Nansha, Guangzhou, and set up an unmanned research center and experience center. Nansha District will provide support in terms of talents, venues and funds. When signing the contract, Nansha specifically mentioned that it would "plan and build an exclusive area to provide road test experiments for the scenes needed for autonomous driving."

2. Toyota’s fuel cell truck tested in the United States has a battery life of over 200 miles.

According to the American automobile magazine, Toyota tried to extend the fuel cell technology to heavy trucks after launching Mirai hydrogen fuel cell car, and put Project Portal fuel cell trucks into the warehouses of Los Angeles and Long Beach ports to transport goods. At present, the Toyota Class 8 concept truck has completed more than 4,000 miles of cargo mileage. From October 23, the truck will travel nearly 200 miles every day. With the continuous development of feasibility study, Toyota will increase the transportation mileage of fuel cell trucks.

It is said that the Project Portal truck is equipped with a 12 kWh small battery and a fuel cell stack in Mirai, with a power of 670 HP, a peak torque of 1,325 lb-ft and a cruising range of more than 200 miles. Toyota expects its load capacity to be 80 thousand pounds. More importantly, its emissions are only water.

3. Tesla supports the free upgrade of the old car with the new national standard charging interface.

On October 16th, Tesla announced that it will launch Model S and Model X models that meet the "new national standard" (GB/T20234-2015) charging interface to the China market. In the future, Tesla will cancel the charging port originally hidden in the corner of the left taillight and add a new national standard charging interface at the left rear fender.

Tesla also announced that starting from today, it will provide free "New GB" charging adapters for vehicles equipped with non-"New GB" charging interfaces in China. In order to cooperate with the above measures, Tesla will also transform the super charging piles in mainland China and the charging piles in the destination charging network to support the new national standard charging interface. At present, Tesla has set up more than 700 super charging piles in China market, and its charging and service network has covered 170 cities across the country. It is estimated that the number of charging piles will reach 1,000 by the end of the year.

4. Momenta, a Beijing autonomous driving company, completed the B2 round of financing.

On October 16th, Beijing autonomous driving company Momenta completed the B2 round of financing, which was led by Caive Sino-French Innovation Fund, and GGV ggv capital participated. This round of financing will help Momenta to further consolidate and expand in AI talent formation, accelerate product landing and research and development of L4 driverless technology that just needs high-frequency scenes. Previously, Momenta received $46 million in financing, which was led by Weilai.

Momenta was established in 2016. The founding team consists of AI talents from Tsinghua University, Microsoft Research Asia, Shangtang Technology, etc. Its core technologies include environmental awareness based on deep learning, high-precision maps and path planning algorithms, and it can also provide customers with L3-L4 high-stage autopilot solutions and derived big data services and products. Including real-time lane line/curb detection, drivable area detection, 3D vehicle detection, human feature point detection and other SDKs, it can not only detect contours, but also identify key feature points, so as to better understand and predict the motion trajectory of human body/object.

5. Guangdong’s subsidy policy for new energy vehicles: 50% of the national subsidy will be implemented.

According to media reports, Guangdong Province issued the "Provincial Financial Subsidy Policy for the Promotion and Application of New Energy Vehicles (Draft for Comment)", which stipulates that consumers (including units and individuals) who purchase new energy vehicles in Guangdong (excluding Shenzhen) and register and declare at the place of registration will be given comprehensive subsidies for new energy vehicles, and the distribution enterprises will apply for comprehensive subsidies for local vehicles. Vehicles registered since January 1, 2017 are 50% of the state subsidy; The local subsidy for fuel cell vehicles is not less than 4,500 yuan /kW (calculated according to the rated power of vehicle fuel cells), and the local subsidy does not exceed the national subsidy.

6. JD.COM and Sinopec work together to build 30,000 smart gas stations.

On October 16th, according to media reports, China Petrochemical, which has more than 30,000 gas stations and 25,000 convenience stores, has reached a strategic cooperation agreement with retailer JD.COM to upgrade its offline outlets by using the smart store technology and smart supply chain in JD.COM.

China Petrochemical’s retail network will introduce a variety of e-commerce modules such as commodities, supply chain, transaction, logistics, membership and marketing from JD.COM, and upgrade its retail network to an online and offline integrated platform of intelligent supply, intelligent operation and intelligent consumption. Offline gas stations and convenience stores can rely on JD.COM Group’s intelligent computing capabilities in big data, forecasting algorithms, logistics algorithms, cloud computing, machine learning, and introduce smart supply chain technologies such as sales forecasting, intelligent product selection, warehouse layout, and intelligent replenishment to improve the operation and management level and efficiency of gas stations and convenience stores.

7. Sun Zhengyi’s $10 billion stake in Uber requires the old shareholders to transfer at a discount.

According to media reports, Masayoshi Son is actively seeking to buy Uber shares in order to make up for the regret that he failed to take a stake in Uber earlier that year. Previously, due to the big price difference between the two parties, the transaction has been difficult to advance. According to the latest news, Sun Zhengyi will agree to buy two different types of Uber shares at a total price of 10 billion US dollars: one is the stock sold by existing investors, the so-called "tender offer", and the other is the new stock issued by Uber. For the first stock, the Uber valuation given by Sun Zhengyi is about $50 billion. As for the part of the new stock, he is willing to calculate the price with the current valuation of the company of $68 billion.

8. It is difficult for GOFUN to refund the deposit for the shared car, but it has not arrived after two months.

On October 16 th, according to media reports, GOFUN shared car users reported that they applied for a refund of the deposit in mid-August, but it has not arrived two months later. It is reported that the deposit of GOFUN’s shared car is 699 yuan, and the company promises that customers will receive the deposit within 5-7 working days after applying for refund. GOFUN customer service said that the user paid the deposit through Alipay, and there was a problem during the refund process. The user needed to send an email to apply for a refund, including the registered mobile phone number, Alipay account number, bank account number and other information. Subsequently, the user sent an email as required, but the deposit has not yet arrived.

9. TELD cooperates with Didi to explore the electric network car market.

According to media reports, Qingdao TELD New Energy Co., Ltd. and Didi signed the Strategic Cooperation Agreement, aiming to give full play to the advantages of resource integration and technology platform of both parties and jointly promote new energy, sharing and intelligence in transportation. In this cooperation, TELD will integrate the advantages of its nationwide charging network and charging technology to provide safe, economical and fast charging services for Didi drivers, so as to promote the popularization and application of new energy vehicles and the construction of supporting charging technology facilities. Although the specific project has not been determined, it has created an opportunity for TELD to improve the charging business layout of the network car in the automobile charging network industry chain and expand the electric network car market.

10. The shared parking space Xiaomazhi stopped the Angel Wheel to raise 2 million yuan.

On October 16 th, Xiaoma Zhiting, a start-up company sharing parking spaces, announced that it had received 2 million yuan of angel round financing in July this year. It is reported that Xiaoma Zhiting was established in June 2017. It is an intelligent parking company of the Internet of Things, providing users with services such as unattended, automatic charging, automatic parking, reserved parking spaces, shared parking and reverse car search. By integrating parking lot information, users are informed of the stock and location of parking spaces, which is convenient for users to park quickly.

Xiaomazhi stops using a parking lock based on NBIOT technology to "share the parking space". When users spend 960 yuan to buy the lock, they can rent out their own parking space and get additional benefits. NBIOT is a wide-area narrowband Internet technology, and the hardware can be directly connected to the network without intermediate transmission tools such as WIFI and Bluetooth.

11. The LimeBike B round of financing in bike-sharing, USA is 50 million US dollars.

On October 16th, according to media reports, LimeBike, a pile-free bike-sharing company in the United States, announced that it had completed the $50 million Series B financing, which was led by the hedge fund Coatue Management and participated by GGV ggv capital, Franklin Templeton Investments, Section 32, etc. This round of financing will be used for operational expansion, and the number of existing bicycles will be tenfold by the end of 2017, and it is planned to open up 1-2 markets every week and start outside the United States. It is reported that up to now, LimeBike has raised a total of 62 million US dollars.

LimeBike has nearly 300,000 registered users since it went public in June this year. It is estimated that 50,000-70,000 bike-sharing vehicles will be launched in the United States before the end of this year, targeting more than 30 cities and campuses in the United States, and plans to land in the European market.

12. Japan has formulated a network security guide to prevent hackers from hijacking unmanned vehicles.

According to media reports, the Japanese government is formulating a set of guidelines, including the simulation results of cyber attacks on self-driving vehicles, aiming at realizing the interconnection of self-driving vehicles without being hijacked by hackers. Some media said that its guideline is likely to be to establish a mechanism and corresponding functions to defend against cyber attacks, and force vehicles to park on the side of the road when the system detects hacker attacks.

The guidelines include the simulation results of cyber attacks on self-driving vehicles. For this, Deloitte Japan Risk Service, Nihon Synopsys and PricewaterhouseCoopers Consulting will start the proof-of-concept test of the defense system next summer, and first establish a process to evaluate the vehicle’s resistance to hackers. The evaluation system will be used in research facilities to check the risk of self-driving vehicles being vulnerable to cyber attacks.

13. CarHopperr, the luxury car rental platform, has a seed wheel of 1.5 million yuan.

According to media reports, CarHopper, a luxury car rental platform, completed a $1.5 million seed round financing, which will be used to expand new markets. CarHopper initially built a P2P platform for luxury car owners to rent luxury cars, including entry-level Lexus, Mercedes, BMW, luxury Ferrari and Rolls-Royce, and provided insurance, customer service and car maintenance services.

CarHopper’s car costs as little as $600 a day and as much as $1,500 a day. At present, the company covers cities including Los Angeles, San Francisco, Miami and Las Vegas, and will enter new york, Hampton and Orlando in the future.

14. AKASOL pushes the battery system of electric bus to support 500kW fast charging.

According to foreign media reports, AKASOL will launch AKASYSTEM OEM battery system at the European World Bus Expo at the end of this month. The system will be installed on the roof of the bus, including condensation devices and other components. AKASYSTEM OEM system adopts compact and modular design, and its size is 150 x 700 x 1700mm, which is specially designed for commercial vehicles such as buses or trucks.

The system adopts water cooling/glycol refrigeration system, which improves energy efficiency and durability. In daily use, it can optimize the thermal environment conditions of public transport vehicles. In addition, this lithium battery system also uses 500 kW fast charging technology. Under the nominal voltage of 661V, the standard version of AKASYSTEM OEM system has a power consumption of 24.4 kWh and an output value of 150 kW, and multiple AKASYSTEM OEM devices can be connected in parallel to increase the power consumption.

15. Mazda rotor technology was mass-produced for electric vehicles in 2019.

According to media reports, electric vehicles equipped with Mazda’s new rotor engine technology were first listed in the United States in 2019. Mitsuo Hitomi, executive director of Mazda Automobile Co., Ltd., said that rotor engine technology will be used as a range extender for electric vehicles to increase the cruising range of vehicles. Mazda’s RX7 and RX8 are classic sports cars equipped with Rotary Engine, but they have already targeted the upcoming electric vehicles.

16. The modified fuel vehicle is a hybrid vehicle company, D Wheel, with a financing of 22 million US dollars.

According to media reports, XL Hybrids announced that it has completed the $22 million Series D financing, which was invested by companies such as IKEA Group and Constellation Technology Ventures, a venture capital institution owned by American energy giant Exelon. Previously, XL Hybrids had received $28 million in financing for research and development and sales in North America.

It is reported that XL Hybrids was established in 2008, focusing on converting gasoline or diesel-driven vehicles into hybrid vehicles, mainly for corporate fleets, including vans, attendance buses, dump trucks and pickup trucks. The modification of these vehicles only takes 6 hours. Can be completed.

17. In 2040, the number of electric vehicles in the world will reach 500 million, and 500 million charging units need to be built.

On October 16th, according to relevant report data, there will be 500 million electric vehicles in the world in 2040, and about 526 million charging units need to be built. By 2040, China’s investment in electric vehicle infrastructure will account for about one third of the global total investment.

Earlier, Morgan Stanley analysts said that the market share of Tesla electric vehicles will reach 10 times that of the end of 2017 by the beginning of 2023, but the lack of infrastructure will become the biggest bottleneck for Tesla’s rapid development.

# Communication circle #

1. Follow closely Apple Huawei and French Start-up Cooperation Research Face ID

According to French media L’usine Novelle, at the supplier conference in Paris, Huawei announced the signing of cooperation agreements with Chronocam, Secure-ID and Siradel. Huawei and Chronocam will work together on Face ID technology similar to iPhone X.. In order to improve the security of Kirin chipset, we will cooperate with Secure-IC, the telecom branch of Paris Telecom University, and we will cooperate with Siradel, a 3D geospatial software company, in the project of 3D map drawing. In the past four years, Huawei’s purchases from suppliers in France have doubled.

It is reported that the company Chronocam was founded in 2014 and headquartered in Paris. It is committed to developing new visual sensors and systems. Its sensor technology is inspired by biological eyes and can efficiently acquire and process visual information. The B round of financing is 15 million US dollars, led by Intel Capital.

2. Samsung may change its management structure and appoint an external director as its chairman.

According to media reports, with the resignation of kwon oh-hyun, vice president of Samsung Electronics, Samsung’s management structure will also be changed accordingly, which is likely to give the board of directors more power and select an American from outside directors as the chairman of the board. In March last year, Samsung amended its articles of association to allow the appointment of external directors as the chairman of the board of directors.

Last week, Samsung announced that kwon oh-hyun, CEO and vice chairman of the company, decided to quit management. To ensure a smooth transition, kwon oh-hyun will wait until the end of his term in March 2018.

3. IDC: Huawei first surpassed Apple to become the second largest mobile phone manufacturer this year.

On October 16th, Francisco Jeronimo, an analyst with IDC, a research organization, said that Huawei will surpass Apple and become the second largest smartphone manufacturer in the world as soon as this year.

According to data released by IDC, in the second quarter of this year, Huawei shipped 38.5 million smartphones worldwide, with a market share of 11.3%. Apple’s iPhone shipped 41 million units, with a market share of 12%. The smartphone sales of the two companies are only about 2.5 million.

4. One plus admitted to collecting user data and said that it would stop collecting at the end of October.

According to media reports, one plus oxygen OS collects private data without the user’s knowledge. In response, a statement issued a few days ago acknowledged this behavior, explained the reasons, and promised to stop collecting before the end of October.

The incident originated from an article published by Chris Moore, a foreign blogger in the field of science and technology security, which claimed that one plus one mobile phone 2 collected users’ privacy without users’ permission. It is said that after Chris Moore deployed security tools on the one plus mobile phone 2, he found a traffic request from open.oneplus.net, which would lead data traffic to the AWS server of Amazon in the United States. The transmitted data included IMEI serial code, MAC address, mobile network name, WiFi SSID and mobile phone serial number.

5. Foreign researchers invented a new suspended antenna to improve the speed of 5G.

According to media reports, foreign researchers have invented a "floating" antenna to speed up the 5G network. It is reported that researchers have developed a millimeter wave array, which can be almost completely separated from the motherboard of mobile devices, avoiding the problem that the signal strength is easily weakened by the motherboard in traditional antenna design. In addition, researchers also use 3D printing technology to improve the focusing ability of the antenna, thus further enhancing the signal strength. At present, this technology is still in the early stage of research and development, so it will take some time before it is released or commercialized.

6. Android Push Alliance is established to receive information without frequent wake-up.

According to media reports, the Android Unified Push Alliance was officially announced in Beijing. The alliance is led by Tell Lab of the Ministry of Industry and Information Technology, and its members include 74 enterprises including Huawei, Xiaomi, OPPO, vivo, Gionee, Meizu, Nubia, Lenovo, Qihoo 360, Baidu, Ali, Tencent, JD.COM, Meituan, Google and Samsung. The establishment of the Android unified push alliance means that the chaotic state of the domestic Android ecosystem will end. In the future, Android applications will not need to wake up frequently to receive messages, which will not only save the running memory of Android phones, but also save power and traffic for Android phones.

# Big company #

1. The new headquarters in JD.COM accommodates 50,000 people and consists of four groups and ten buildings.

According to media reports, Liu Qiangdong exposed the design of the new JD.COM headquarters building park on a media platform, which consists of four groups of ten buildings, accommodating more than 50,000 people, including 40,000 R&D personnel, and is headquartered in Yizhuang, Beijing.

# Robots/drones #

1. The service robot Cruzr is expected to have an annual output of 30,000 units when it goes offline in Kunming.

On October 16th, according to media reports, Cruzr, an intelligent cloud platform commercial service robot produced by Ubisoft in Kunming, was officially launched, with an estimated annual output of 30,000 units. Cruzr robot can realize accurate face recognition, three-dimensional navigation to avoid obstacles, real-time monitoring, interesting and anthropomorphic interaction and other functions, can undertake the work of welcoming guests and interpreters, and can also provide video customer service, security monitoring, interactive entertainment and other services for airports, shopping malls, banks and other public places.

In addition, the Kunming Municipal Government will also support Ubisoft to build a national demonstration base for robot maker education in Kunming, and will set up robot electric classrooms in 120 primary and secondary schools in the city to carry out robot education.

2. Yamaha pushes the new version of robot motorcyclists to drive alone.

According to media reports, YAMAHA Yamaha, a Japanese motorcycle manufacturer, has released the latest version of Motobot Ver.2, a humanoid robot that operates motorcycles, and will be exhibited at the 45th Tokyo Motor Show.

Motobot was unveiled at Moto Show in 2015. The evolved version of Ver.2 motorcycle body does not need to be modified, so the robot can jump on the car directly and operate the motorcycle like a real person. According to the motorcycle speed, engine running speed, riding posture and other information, the robot can manipulate the direction, accelerate, brake and other operations, and can drive at a speed of 200 kilometers per hour on the actual track.

3. The University of California developed the robot "soft grip" to twist the light bulb.

According to media reports, researchers at the University of California, San Diego (UCSD) recently invented a new type of soft robot, which can not only easily twist a light bulb, a bottle cap and a screwdriver, but also hold a piece of paper.

According to the researchers, this soft robot gripper uses tactile sensing technology to model the object it touches. By repeatedly touching and rotating the object, the robot gripper can draw a point cloud image of the object (a point cloud is a collection of point data on the appearance surface of the product), thus sensing the object being manipulated. The robot gripper has three soft "fingers", and each "finger" consists of three pneumatic flexible drivers, which can be moved by applying air pressure. Each "finger" is covered with a layer of intelligent "skin" made of silicone rubber, in which a sensor made of conductive carbon nanotubes is embedded. The conductivity of carbon nanotubes will change with the bending degree of fingers. The "skin" can sense the information of the object held by the gripper, and then record and detect when the "finger" moves and contacts with the object.

4. Tangdi Information invested 39 million yuan in the robot subsidiary.

On October 16th, Tangdi Information announced that it planned to increase the registered capital of its subsidiary Shanghai Tangbao Robot Co., Ltd. to 40 million yuan, that is, the newly-increased registered capital of Shanghai Tangbao Robot Co., Ltd. was 39 million yuan, of which the company subscribed for 39 million yuan. This foreign investment does not constitute a connected transaction. According to Tangdi Information, the company’s foreign investment is to expand its business scale, expand its business and optimize its production capacity layout.

# New progress #

1. The US court accepted Jia Yueting’s lawsuit against Gu Yingqiong for libel and rumor.

On October 16th, LeTV Holdings issued the Statement that the case of Jia Yueting, the chairman of the company, v. Gu Yingqiong was formally accepted by the American court, saying that the Los Angeles court in the United States formally accepted the legal lawsuit filed by Jia Yueting against Gu Yingqiong on October 6th. It is reported that LeTV sued Gu Yingqiong on September 29th, demanding that Gu Yingqiong bear general, specific and punitive damages, and forbade him to continue to harass, slander and spread rumors about Mr. Jia Yueting.

On August 24th, the micro-signal "Dr. Gu Yingqiong said the world" published an article "Two things Jia Yueting is doing in the United States", saying that "Jia Accountant" is applying for "EB1C" green card and "irrevocable living trust" in the United States.

2. Haida shares signed a contract with Tesla to purchase solar roofs.

On October 16th, Haida announced that it signed a procurement contract for solar roof seals with Tesla, which is an open contract, and the amount is subject to the final actual settlement. The announcement said that the acquisition of this business is the beginning of the business between Haida and Tesla, which lays the foundation for cooperation with other business sectors of Tesla and also has a positive impact on the expansion of other solar energy businesses.

3. SpaceX applied to test the satellite communication system in Seattle.

On October 16th, SpaceX submitted an application to the Federal Communications Commission (FCC), and plans to test the satellite communication system between Raymond factories in Seattle, Washington as early as this month. Raymond is one of SpaceX’s operating bases. The company has invested billions of dollars to build 4,425 satellite groups, most of which are low-orbit satellites. It is reported that the satellite communication system will be mainly used for global broadband Internet connection. SpaceX’s recent documents show that the company is about to deploy the first batch of prototype satellites.

4. Musk revealed the details of emigrating to Mars: only transporting without building a city.

On October 16 th, according to foreign media reports, SpaceX CEO Musk recently said that in terms of colonizing Mars, SpaceX’s important goal is to send humans to Mars, and to ensure survival on Mars, many industries need to be established on Mars, which requires other companies and millions of people to complete. In other words, SpaceX focuses only on the role of a carrier, and the larger goals such as building a city on Mars are completed by other companies.

5. Sony released a monitoring sensor that can shoot 4K/120fps video.

On October 16th, according to media reports, Sony released a new M4/3 BSI CMOS sensor "IMX294CJK", which is mainly for the monitoring field, and it is also Sony’s first M4/3 monitoring sensor. It is reported that the sensor has 10.71 million effective pixels, and supports 4K resolution of 10-bit color depth and video capture at 120fps. The specific output video resolutions support 3704×2778(4:3), 3840×2160(16:9) and 4096×2160(17:9), except for the color depth of 10-bit. In addition, the new sensor also has higher high-sensitivity performance (SNR1s=0.14x) and high-speed interface (CSI-2/SLVS-EC). By adopting Sony’s brand-new quadruple Bayer structure, it can support real-time HDR video, but the frame rate in HDR mode is up to 60fps.

6. Bain Capital plans to invest $9 billion in Toshiba Storage Company.

According to media reports, Bain Capital Consortium will invest 9 billion dollars in Toshiba Storage Company to promote business growth. It is reported that Bain and Apple, South Korea’s SK Hynix, Seagate, Dell and other companies spent $18 billion to acquire Toshiba Storage Company. Bain said that after the completion of the acquisition, Bain will not carry out a major structural reorganization of Toshiba Storage Company, but will provide more support to gain business growth, and within three years, Toshiba Storage will be listed independently on the Tokyo Stock Exchange.

#A shares must see #

1. Letv announced that it would continue to suspend trading for six months.

On October 16 th, LeTV announced the progress announcement during the suspension of major asset restructuring, and continued to suspend trading since the market opened on October 17. Letv suspended trading for six months from April 17th.

The target company of this major asset restructuring of LeTV is LeTV Pictures, and in May 2016, LeTV disclosed the acquisition plan for the acquisition of LeTV Pictures. According to the plan, LeTV plans to acquire 100% equity of LeTV Pictures from 44 shareholders including LeTV Holdings with a total transaction amount of no more than 9.8 billion yuan. Then, in November, LeTV.com said that due to the great changes in the market environment, it may have a great impact on the performance commitment and the basis of valuation. It is expected that this major asset restructuring will not be completed in 2016.

2. Jebsen expects net profit to increase by 23% to 28% in the first three quarters.

On October 16th, Jebsen announced its performance forecast. The company predicted that the net profit attributable to shareholders of listed companies from January to September 2017 would be 753 million to 785 million, a year-on-year change of 23.00% to 28.00%, and the average net profit growth rate of the computer application industry was 13.45%.

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The People’s Bank of China decided to take off and land by 0.5 percentage points from September 27th.

The People’s Bank of China announced on September 27th that it has decided to reduce the deposit reserve ratio of financial institutions by 0.5 percentage point from September 27th, 2024 (excluding financial institutions that have implemented the deposit reserve ratio of 5%). After this reduction, the weighted average deposit reserve ratio of financial institutions is about 6.6%.

The People’s Bank of China stated that it will adhere to a supportive monetary policy stance, increase the intensity and accuracy of monetary policy regulation, and create a good monetary and financial environment for China’s stable economic growth and high-quality development.

Cut the policy interest rate by 20 basis points and land!

The People’s Bank of China announced on September 27th that in order to strengthen the countercyclical adjustment of monetary policy and support the stable economic growth, the operating interest rate of the 7-day reverse repurchase in the open market will be adjusted from the previous 1.70% to 1.50%, which is 20 basis points lower than the previous one.

In addition, the announcement shows that the operating rates of 14-day reverse repurchase and temporary forward and reverse repurchase in the open market continue to be determined by adding and subtracting points on the operating rate of 7-day reverse repurchase in the open market, and the range of adding and subtracting points remains unchanged.

Original title: "The central bank announced: RRR cut! Cut interest rates! 》

Read the original text

BEIJING, Sanya, September 3 (Reporter Wang Xiaobin, Li Yufan) This round of epidemic in Sanya has entered the final stage. On September 3, more than 1,000 medical staff from Shanghai Aid Qiong Medical Team flew back.

　　Shanghai Aid Qiong Medical Team consists of 1007 medical staff from 25 medical institutions in Shanghai, and it is organized into two teams to take over the third and fourth cabin hospitals in Sanya.

　　The Third and Fourth Compartment Hospitals in Sanya City closed their cabins as of the 2nd, with a total of 3,470 patients admitted and 2,760 discharged. Among them, the third-party cabin hospital, which is in charge of the first batch of medical teams in Shanghai, admitted 2196 infected people (the oldest is 95 years old and the youngest is 8 months), and the fourth-party cabin hospital, which is in charge of the second batch of medical teams in Shanghai, admitted 1274 patients (the oldest is 99 years old and the youngest is 4 months), and all the patients were discharged (transferred).

　　Zheng Junhua, the leader of the First Medical Team of Shanghai Aid Qionghai, introduced that the Shanghai Shelter Medical Team, with Shanghai’s anti-epidemic experience and management model, comprehensively promoted medical treatment according to the local actual situation in Sanya. Pay equal attention to the treatment of basic diseases in COVID-19, the prevention of light to heavy and the treatment of severe diseases, and the treatment of traditional Chinese and western medicine, focusing on the "one old and one small" vulnerable groups, issuing a proposal for caring for the one old and one small, and strengthening nutritional treatment.

　　On September 3rd, Shen Xiaoming, secretary of Hainan Provincial Party Committee, saw off the Shanghai medical aid team in Sanya. On behalf of Hainan Provincial Party Committee, provincial government and Hainan people, he extended high respect and heartfelt thanks to the medical aid staff.

　　Luo Dong, vice mayor of Sanya, once again expressed his respect and thanks to the selfless dedication of Shanghai Aid Qiong Medical Team at the regular press conference on the afternoon of the 3rd.

CCTV News:This week, the New York Mercantile Exchange’s main gold futures price rose four times in only four trading days, and closed at a record high for two consecutive days. As of the close of 28th, the New York Mercantile Exchange’s main gold futures price closed at $2,238.40 per ounce. Throughout March, the new york gold futures price rose by nearly 8%, the biggest monthly increase since November 2022.

The price of domestic jewelry gold is rising by 12 yuan/gram every day, approaching 700 yuan/gram.

The international gold price surged strongly, and the price of the domestic gold retail market also rose. On March 30th, the listing price of jewelry gold in many domestic brand gold shops reached 686 yuan/gram, approaching 700 yuan/gram. How do consumers choose at high prices? Come and see the reporters’ field visits in several gold shops in Beijing.

On the morning of March 30th, when the reporter visited several gold stores in Beijing, he found that the listed prices of Chow Tai Fook and China Gold had reached 686 yuan/gram. Although the price of gold has risen, there are still many consumers who come to buy gold, but they generally feel that the price of gold has risen too fast recently.

With the soaring price of gold, the trend of gold consumption and investment has also diverged. Some consumers are more cautious and decide to wait and see or choose some products with lower grams, but some consumers have the psychology of "buying more and more" in the face of crazy gold prices.

The rise in the price of gold has made the gold repurchase business hot. The reporter met a "post-00" consumer who is still in high school. He told reporters that he came to realize gold today and earned a total of more than 1,000 yuan.

Yang Li, a senior gold investment analyst of a gold jewelry company in Beijing, said: "Since March this year, the highest increase in international gold prices has reached 9.3%. From the domestic price point of view, the increase in March has been nearly 50 yuan, and the increase has reached 10%. On Thursday and Friday, especially on Friday (March 29th), domestic prices rose by 11-mdash; 12 yuan per gram. "

Shenzhen Shuibei Market: Hot sale of rigid wedding gold ornaments reduces the number of investors.　

There is still one month before the May Day wedding season, and many new couples begin to buy "three golds" for the wedding. Will the rising price of gold affect the enthusiasm of newcomers to buy gold? Look at the reporter’s visit to Shuibei Gold Market in Shenzhen, Guangdong.

On Saturday, Shenzhen Shuibei Gold Market was crowded. On March 30th, Ms. Yu and her husband came here specially from Guizhou to buy the "three gold" for marriage.

Customers who come to buy gold go wave after wave, mainly young couples, and the types of purchases are mostly wedding accessories such as dragon and phoenix bracelets and necklaces.

Merchants told reporters that the number of investors who came to their stores to buy gold bars has decreased recently, and most of the buyers are married people, which is just a need to buy gold.

With gold prices hitting record highs, wholesalers are cautious and reduce stocking and inventory.

The exchange rate of the Japanese yen against the US dollar hit a 34-year low, and the Japanese gold price exceeded 12,000 yen/gram.

On March 30th, the retail price of gold counters announced by Tanaka Precious Metals in Japan reached 12,086 yen per gram, which was about 579 yuan, hitting a record high for the third consecutive day. Against the background that the exchange rate of the Japanese yen against the US dollar has fallen to a 34-year low, the enthusiasm of Japanese people to trade gold is high. Let’s watch the report sent back from Tokyo by the special correspondent of the financial channel.

This is a jewelry store located in Ginza, Tokyo. In addition to brand jewelry, it is also engaged in the acquisition and sale of precious metals such as second-hand gold jewelry and gold coins. Affected by the continuous rise in the price of gold in Japan, the recovery price of gold has also been pushed up.

According to the person in charge of the store, some patients in the nearby dental clinic will go to the store to sell the newly replaced gold teeth. Although there is only a thin piece of gold, it can be sold for about 10,000 yen at the current recycling price. According to the person in charge, driven by the rising price of gold, the total sales and purchases of gold in the store increased by 30% year-on-year.

In addition to the daily gold jewelry, some Japanese consumers will also protect their assets by buying 24K gold coins to counter rising prices. Analysts pointed out that the recent high international gold price has driven the Japanese gold price to rise. In addition, the yen once again showed an accelerated depreciation trend. On March 27th, the exchange rate of the yen fell below 1 US dollar to 151.94 yen, the lowest level since July 1990, which became another important factor to boost the current round of Japanese gold prices to record highs.

Analysis: The short-term or long-term correction of gold prices is easy to rise and difficult to fall.

The price of gold has been rising all the way, so what is the future trend of gold price? What should investors pay attention to? Keep looking.

The World Gold Council pointed out in the "Global Gold Demand Trend Report" released a few days ago that the changes in the inflow and outflow of global gold ETF funds reflect investors’ attitude towards gold. In 2023, the inflow of gold ETF in China market was about 5 billion yuan, and the total scale increased to 29 billion yuan, a record high.

Liu Yuxuan, a senior researcher of precious metals in Guotai Junan Futures, said: "In the past 20 years, the international gold price has shown a steady upward trend. From $428 an ounce 20 years ago to the latest March 28th, the international gold price hit a historical high of $2,254 an ounce. In the past 20 years, the price of gold has increased by more than 400%. Compared with other commodities such as copper, crude oil and iron ore, gold has shown a steady upward trend for a long time. "

For the performance of the gold price in the market, many insiders believe that there are still many uncertainties in the short term, which may lead to a short-term correction of the gold price.

Wang Yanqing, chief researcher of precious metals in CITIC Jiantou Futures, said: "The Fed has not confirmed the timing of interest rate cuts, which also brings uncertainty to the future interest rate cuts, but the market is very strong in the expected interest rate cuts, which has brought strong support to gold. At the same time, excessive early trading expectations may also accumulate some risks, which may trigger a short-term correction of gold. "

Liu Yuxuan, a senior researcher of precious metals in Guotai Junan Futures, once again said: "Before the official start of interest rate cuts, the bullish atmosphere of the market for gold was often strong, so we can see that the price of gold has shown an accelerated upward trend recently."

Industry insiders also told reporters that although there is a certain risk of callback in the short term, in the long run, the probability of gold prices continuing to fluctuate and rise is greater.

Wang Yanqing, chief researcher of CITIC Jiantou Futures Precious Metals, said: "In the long run, it is the general trend for the US monetary policy to change from tight to loose, and the superimposed geopolitical risks are increasing. Central banks are continuing to increase their holdings of gold, and the gold market will still be easy to rise and fall."

From May 23rd to May 26th, 2024, China Sports Expo 2024 was held in Chengdu West International Expo City. Power Sports, which has been focusing on the sports & health industry for many years, brought Panasonic Health and SevenFiter, a domestic high-end commercial fitness equipment brand, to the Sports Expo with high-end commercial fitness equipment and Panasonic professional massage chairs.

As a century-old enterprise in the field of health technology, Panasonic has been deeply involved in the field of massage chair products for 89 years. The exhibition brought its newly developed massage chair and massage small products. Panasonic Health has always paid attention to people’s healthy quality of life, and the products on display at this exhibition once again confirmed its profound strength and innovative spirit in the field of health science and technology.

Science, technology and intelligence are integrated to create a scientific fitness space.

This exhibition area was built by Lidong Sports with Shifeite and Panasonic massage chairs. The exhibition area is mainly set up with three theme experience areas: star product interaction area, brand-new product experience area and health relaxation area. Each area combines the most advanced technology to provide one-stop commercial fitness solutions and make the fitness and health space more scientific.

Star Product Interactive Zone & Brand-new product experience zone exhibited new products including strength and aerobic training series, as well as fitness products widely used in commercial gymnasiums. Among them, the heavy new product-modular combination training rack makes people shine, and through modular combination, it creates a professional strength training space with individual characteristics.

Healthy relaxation areas set off a wave of massage experience

Panasonic’s healthy products, as one of the key products on display in this booth, are arranged to be displayed in the health and relaxation area. The products on display this time are not only massage small pieces such as fascia guns which are used for daily massage and relaxation, but also Panasonic massage chairs with international medical device certification, unique writing movement technology and master Japanese stretching techniques, which create a comfortable and healthy relaxation area for visitors and create a perfect combination of exercise and relaxation space.

Among them, Panasonic’s global flagship big BOSS chair MA131 also made its debut in this exhibition. Equipped with the industry’s innovative SJ guide rail and the original 4D REAL PRO movement, it provides accurate finger-abdomen massage wheel technology and simulates the master’s grasping and kneading skills. Combined with Nanuoyi purification technology and comprehensive massage function, MA131 provides users with an all-round massage and relaxation experience from head to toe, creating a new height in the field of intelligent health products.

At the exhibition site, the healthy relaxation area with Panasonic massage chairs attracted a large number of visitors to experience. The experiencers spoke highly of Panasonic’s healthy products, believing that these products are not only fashionable in design and powerful in function, but also very comfortable to relax after exercise or daily, and can satisfy their pursuit of a healthy lifestyle.

Panasonic continues to empower a healthy and beautiful life.

Panasonic Health’s participation in this exhibition is also a new attempt of dynamic sports perpendicular to fitness equipment and health industry for many years. The exhibition not only showed its latest achievements in the field of health science and technology, but also brought more choices for consumers to improve their quality of life. As the exhibition continues, Panasonic’s healthy new products are expected to receive more extensive attention and praise.

Panasonic Health will continue to be committed to innovation, create more comfortable and convenient intelligent health products and services, and bring consumers a higher quality life experience. In the field of health science and technology, Panasonic Health will continue to be committed to leading the development of the industry and empowering a better life.

Panasonic & Power Sports Join Hands to Create a New Chapter in Health Industry

As early as 2013, Dynamic Sports was one of the core distributors of Panasonic Health in China. For more than ten years, the two sides have been each other’s best partners in the health field. In 2023, Power Sports officially became the general agent of Panasonic’s health brand in China, which is not only a high recognition of the power sports in Panasonic’s health cause in the past decade, but also indicates that the two sides will stand at a new starting point and will continue to launch high-end massage chairs and massage products designed specifically for sports needs through deeper cooperation to create a better future.

About dynamic sports

Lidong Sports was established in 2005 and has been deeply involved in the health industry for 19 years. Its professional and perfect fitness equipment and health management services have won the trust of more than 1 million cooperative customers. At present, there are more than 34 physical stores in major cities across the country, providing comprehensive product experience and professional after-sales service.

　　Author: Securities Times reporter Wu Shaolong Zhang Shuxian Yu Shipeng Li Mingzhu

　　Introduce procedural trading regulations and strengthen the supervision of high-frequency quantitative trading; Formulate operating rules for private equity funds; Improve the measures to deal with extreme situations; Seriously investigate and deal with illegal acts such as manipulating the market and maliciously shorting … Recently, the State Council issued "Several Opinions on Strengthening Supervision and Preventing Risks to Promote the High-quality Development of the Capital Market" (hereinafter referred to as the new "National Nine Articles"), which released a clear policy signal on transaction supervision.

　　A number of market participants said in an interview with the Securities Times reporter that the new "National Nine Articles" put forward a series of specific measures to strengthen transaction supervision, practiced the political and people-oriented nature of capital market supervision, and maintained an "open, fair and just" market order, which also reflected the full consideration of the national conditions and market conditions of China’s capital market.

　　Standardize the development of procedural transactions

　　The new "National Nine Articles" clearly requires the introduction of procedural transaction supervision regulations and the strengthening of supervision over high-frequency quantitative transactions. This is the first time that procedural transaction supervision has been written into the new "National Nine Articles".

　　At the same time, the CSRC plans to issue the Regulations on the Management of Programmatic Trading in the Securities Market (Trial) (hereinafter referred to as the "Regulations"). Shanghai and Shenzhen Stock Exchanges have successively issued detailed business rules and specific measures.

　　A number of market participants interviewed told reporters that the purpose of programmatic transaction supervision is more to regulate development than to restrict it.

　　The data shows that China’s programmed trading started late but developed rapidly. At present, the market value of programmed trading investors accounts for about 5% of the total market value of A shares, and the transaction amount accounts for about 29%. By the end of last year, the whole market reported 119,000 programmed trading accounts. In comparison, programmatic transactions in some mature markets account for more than 50%.

　　Regarding the influence of programmed trading, the market thinks that it has two sides, on the one hand, it can enhance market activity and improve market liquidity; On the other hand, programmed trading, especially high-frequency trading, has obvious advantages in technology, information and speed, and there are also problems such as strategic convergence and trading resonance, which are easy to increase market volatility.

　　Tang Zhehui, deputy managing partner of Ernst & Young’s audit service in Central China, said in an interview with the Securities Times reporter that bringing programmatic trading into a reasonable and legal supervision system can enhance market transparency, reduce black-box operations and unfair competition in transactions, and promote the development of programmatic trading norms, which is conducive to investors making more informed trading decisions and promoting the healthy development of the market.

　　The "Management Regulations" also adhere to the "principle of consistency between domestic and foreign investment" and make arrangements for the supervision of northbound programmed transactions.

　　Northbound investors are important users of programmed transactions. The "Management Regulations" clarify that both domestic and foreign capital are included in the transaction reporting system. Since September last year, the stock exchange has established and implemented a programmed transaction reporting system. At present, all kinds of investors, including public offering, private placement and brokerage, have been included in the reporting scope. As participants in the mainland market, northbound investors should be included in the reporting system.

　　The reporter learned that at present, the preliminary idea of information reporting for northbound investors has been studied and formed. The contents of the report are generally consistent with those of mainland investors, including basic account information, capital information and trading strategy. On the reporting path, it is considered that investors should report to Hong Kong brokers first, and then the Hong Kong Stock Exchange will provide them to the Shanghai and Shenzhen Stock Exchanges through the Shanghai-Shenzhen-Hong Kong Stock Connect supervision and cooperation arrangement. In terms of implementation arrangements, a transition period will be set for stock investors, who can complete the report during the transition period, and new investors can only carry out programmatic transactions after completing the report.

　　Differentiated supervision of high-frequency transactions

　　In addition to procedural transactions, standardizing high-frequency transactions is also an important measure to strengthen transaction supervision in the new "National Nine Articles".

　　At present, the screening criteria for high-frequency transactions in stock exchanges are that the highest declaration rate per second is more than 300, or the highest declaration per day is more than 20,000. From the screening results, the number of high-frequency trading accounts is generally small, but the transaction amount is large, accounting for about 60% of the programmed transaction amount.

　　From the perspective of overseas markets, high-frequency trading has always been the focus of attention of regulators in various countries. For example, Japan imposes compulsory registration on high-frequency transactions, while the European Union imposes differentiated charges on high-frequency transactions, while the United States regards the use of programmed transactions to implement "fraud" as market manipulation for punishment.

　　The "Management Regulations" for public consultation fully draws on the experience of international market supervision, and from the perspective of maintaining market fairness and transaction order, puts forward stricter differentiated supervision requirements for high-frequency transactions, covering additional reporting mechanisms, differentiated fees, and appropriate and strict transaction supervision.

　　Tang Zhehui said that strict supervision of high-frequency trading may affect the reaction speed and trading income of some investors who rely on high-frequency trading strategies, but the overall institutional arrangement still reflects the idea of "pursuing advantages and avoiding disadvantages and standardizing development". The implementation of differentiated regulatory requirements shows that the regulatory authorities do not want to shut out high-frequency trading, but they cannot let it go. Instead, they hope to improve the security and stability of the system by controlling negative factors and better promote the healthy development of the capital market.

　　Tian Lihui, dean of the Institute of Financial Development of Nankai University, said that the Management Regulations strengthen the supervision of high-frequency transactions and highlight the investor-oriented concept, which is in line with the reality that small and medium-sized investors account for the majority in China’s market, and can also avoid the risk of large market fluctuations to a certain extent in actual operation.

　　Strengthen the deterrent force and improve the expected management.

　　In addition to programmatic trading and high-frequency trading, the new "National Nine Articles" also proposed to strengthen the supervision of transactions, including formulating the operating rules of private equity funds, improving the countermeasures in extreme situations, and seriously investigating and handling illegal acts such as manipulating the market and maliciously shorting, so as to maintain a high-pressure situation of "zero tolerance" for illegal transactions.

　　The new "National Nine Articles" also proposes to improve the expected management mechanism, incorporate the impact assessment of major economic or non-economic policies on the capital market into the macro-policy orientation consistency assessment framework, and establish a coordination mechanism for the release of major policy information.

　　A series of measures are aimed at enhancing the internal stability of the capital market.

　　Ma Kewei, managing director of Ming Ze Investment, said in an interview with the Securities Times reporter that strict investigation of market manipulation and malicious shorting is expected to effectively crack down on short-selling forces, strengthen the fairness and transparency of the market, and be conducive to the healthy development of the capital market; Perfecting the regulatory standards for abnormal trading and market manipulation can prevent unfair trading from distorting the market order and harming the interests of investors.

　　Tang Zhehui also said that the new "National Nine Articles" proposed to strengthen the inherent stability of the capital market, strengthen the bottom line thinking, and improve the response measures to extreme situations, indicating that the regulatory authorities will take decisive measures to correct the situation when the market is seriously out of the fundamentals, such as irrational drama, liquidity exhaustion, market panic and serious lack of confidence, and resolutely prevent systemic risks.

　　After a lapse of ten years, the State Council recently issued the guidance document on capital market, Several Opinions on Strengthening Supervision and Preventing Risks to Promote High-quality Development of Capital Market (hereinafter referred to as the new "National Nine Articles"). The new "National Nine Articles" points out that we should establish a market ecology that fosters long-term investment, improve the basic system that adapts to long-term investment, and build a policy system that supports "long-term investment with long money". In particular, it is necessary to vigorously develop equity Public Offering of Fund and substantially increase the proportion of equity funds.

　　When the new "National Nine Articles" called for the promotion of medium and long-term funds to enter the market, it specifically mentioned institutional investors such as public offerings and insurance funds.

　　In Public Offering of Fund, the new "National Nine Articles" indicated that the proportion of equity funds should be greatly increased, and pointed out several development trends. In terms of products, it has established a fast approval channel for trading open index funds (ETFs), promoted the development of indexed investment, and enriched Public Offering of Fund’s investable products and portfolios. In terms of system, it includes reducing the comprehensive rate of Public Offering of Fund industries, and studying and standardizing the compensation system of fund managers.

　　The new "National Nine Articles" also mentioned that it is necessary to optimize the policy environment for equity investment of insurance funds, implement and improve the performance evaluation methods of state-owned insurance companies, and better encourage long-term equity investment. In addition, it is necessary to improve the investment policies of the national social security fund and the basic old-age insurance fund. Improve the flexibility of investment in enterprise annuities and personal pensions. Encourage bank wealth management and trust funds to actively participate in the capital market and increase the scale of equity investment.

　　The new "National Nine Articles" also pointed out that fund companies should solve the problem of "funds make money and investors don’t make money" and require fund companies to change to investors’ return-oriented.

　　Huibaichuan Fund believes that the new "National Nine Articles" and a series of new regulations of China Securities Regulatory Commission are another "epic" major institutional progress in the market since the "share-trading reform", and the core is to "establish an investor-centered" capital market. Bosera Fund said that promoting the high-quality development of equity-based Public Offering of Fund is the primary starting point for the new "National Nine Articles" to promote medium and long-term capital to enter the market and continuously expand the long-term investment power.

　　The call for promoting medium and long-term capital to enter the market has been highly recognized by the market. So, what is the current situation of long-term capital? What role does Public Offering of Fund play?

　　Shen Bing, Director of the Institutional Department of the China Securities Regulatory Commission, publicly stated that by the end of last year, all kinds of professional institutional investors had a total market value of 16 trillion yuan in A-share circulation, which more than doubled in five years, and the shareholding ratio increased from 17% to 23%. Among them, Public Offering of Fund holds 5.1 trillion yuan of circulating market value of A-shares, and its shareholding ratio has increased from 4% to 7.3%, making it the largest professional institutional investor in A-shares.

　　However, Shen Bing also said that the total amount of long-term funds in the current capital market is still insufficient, the supporting mechanism is not perfect enough, and the policy environment of "long money and long investment" has not been fully formed. Among them, Public Offering of Fund, as the representative of equity investment in the asset management industry, has a low proportion of equity products and insufficient market leading power.

　　Yang Delong, chief economist of Qianhai Kaiyuan, said that only by continuously introducing long-term funds can the stability of the capital market be continuously improved, and the new "National Nine Articles" pointed out the direction for this. "As the largest institutional investor in Public Offering of Fund, in the current scale of public offering management of about 28 trillion yuan, equity funds account for less than 10 trillion yuan, which is still relatively low, and the proportion will continue to increase in the future."

　　Smooth "raising investment and managing withdrawal" venture capital expects the policy to be implemented.

　　A few days ago, the State Council issued "Several Opinions on Strengthening Supervision and Preventing Risks to Promote the High-quality Development of the Capital Market", which consists of nine parts (hereinafter referred to as the new "National Nine Articles"). Many of them involve the whole chain of venture capital industry, which has a significant impact on the primary market.

　　Many people in the industry who were interviewed expressed a common view. Article 8 mentioned "further unblocking the circulation of’ raising investment and managing withdrawal’ and giving full play to the role of venture capital and private equity investment in supporting scientific and technological innovation", which has the highest correlation with investment in the primary market. It not only gives opinions on the current difficulties faced by the industry, but also reaffirms the role of venture capital in supporting scientific and technological innovation.

　　Shen Zhiqun, vice president of China Investment Association and chairman of the Venture Capital Committee, told the Securities Times reporter that the formulation of Article 8 mentioned above is the implementation of the spirit of the important instructions of the Central Economic Work Conference at the end of last year on "encouraging the development of venture capital and equity investment". It is hoped that the relevant government departments will further concretize and implement the relevant policies of the new "National Nine Articles".

　　LP Investment Gu, who has been paying attention to the primary market for a long time, believes that China’s economy has entered the stage of innovation-driven and high-quality development, and the entire venture capital industry urgently needs the top-level design of mechanism, institutional innovation and system to break the long-term capital bottleneck and inject liquidity into the primary market.

　　In the third article of the new "National Nine Articles", it is proposed to "comprehensively improve the system of rules for reducing holdings. Introduce management measures for listed companies to reduce their holdings and classify different types of shareholders. " The industry expects a new breakthrough in the policy of reducing the shareholding of venture capital shareholders, especially for institutions that have invested in the early stage and given support at the earliest stage of enterprise development. After listing, the reduction of shareholding can be reasonably withdrawn to gain new liquidity, so as to better realize capital circulation and complete the mission of innovative capital supporting early scientific and technological innovation.

　　Shen Zhiqun said that it is necessary to confirm that venture capital enterprises are investors in the capital market, strictly distinguish them from the financiers of the major shareholders of listed companies, and effectively protect the legitimate rights and interests of venture capital enterprises, especially for invested enterprises that invest in early investment and small investment in technology and innovation, give equal priority to listing, fully implement the differentiated supervision mode of venture capital enterprises, effectively implement the "reverse linkage" system of venture capital equity reduction, and gradually solve the problem that the venture capital industry is not smooth from fundraising to withdrawal.

　　Article 7 points out: "Establish a market ecology that fosters long-term investment, improve the basic system that adapts to long-term investment, build a policy system that supports’ long-term investment’ … optimize the policy environment for equity investment of insurance funds, implement and improve the performance evaluation methods of state-owned insurance companies, and better encourage long-term equity investment." This is also a topic of common concern to the industry.

　　China’s venture capital industry is facing the common problems of serious shortage of long-term capital supply and urgent optimization of capital structure. In this regard, some venture capital institutions from Shenzhen suggest that large insurance institutions should be encouraged to contribute to venture capital funds by changing the investment performance appraisal mechanism and expanding the proportion of insurance funds entering venture capital; At the same time, we will encourage part of the balance of local social security pensions to enter venture capital funds in cities with abundant balances, such as Shenzhen.

　　The new "National Nine Articles" will further raise the threshold for listing and bring greater challenges to the entire venture capital industry. Although venture capital exit faces a more difficult environment, the policy still encourages diversified exit channels. Article 8 clearly points out that "we should intensify the reform of M&A and take various measures to activate the M&A and restructuring market."

　　Shen Zhiqun said that a stable and healthy capital market is of great significance to the sustained and efficient operation of venture capital enterprises, an important investment subject active in the capital primary market. Venture capital institutions should not only find out that the value is well invested, but also need to realize the value retreat smoothly and efficiently.

　　Article 9 also proposes "to implement and improve the tax policies of listed companies’ equity incentives, medium and long-term funds, private equity venture capital funds, real estate investment trust funds, etc.", all of which are aimed at opening up many pain points and blocking points faced by the whole industry ecology, but it is still necessary for the whole industry to form a consensus and work together to jointly explore and establish a long-term capital development path with China characteristics.

　　Recently, the National Development and Reform Commission published "Several Opinions on Strictly Implementing the Bidding Laws and Regulations to Further Standardize the Behavior of Bidding Subjects (Draft for Comment)" (hereinafter referred to as "Draft for Comment"). In view of the problems existing in the current bidding market, especially in the field of engineering construction bidding, such as the lack of the tenderer’s main responsibility, various unreasonable restrictions in the bidding market and the fact that market barriers has not been completely eliminated, the Exposure Draft puts forward relevant measures from the aspects of standardizing the performance management and implementing the supervision and management responsibilities. In particular, the opinion draft puts forward that the bidding administrative supervision department should actively rely on the electronic bidding system and use big data and other technical means to focus on cracking down on illegal acts such as suspected manipulation of bidding or lending qualifications, which lead to an abnormally high winning rate.

　　Shall not dismember the contract to avoid bidding.

　　At the end of December 2017, since the revised bidding law was officially promulgated, the overall bidding work in China has been greatly developed in terms of volume and efficiency. However, there are still many problems in the current bidding market, especially in the field of engineering construction bidding. This is manifested in the following aspects: the main responsibility of the tenderee is missing, and all kinds of unreasonable restrictions and market barriers in the bidding market have not been completely eliminated; Avoiding bidding, false bidding, collusive bidding and other illegal situations still exist.

　　To this end, the "Draft for Comment" will focus on strengthening the regulation of the main behavior of bidding and tendering, and emphasize the implementation of the main responsibility of the tenderer.

　　The "Draft for Comment" proposes that the bidding autonomy should be implemented in strict accordance with the law and the compulsory bidding system should be strictly implemented. It is not allowed to evade bidding in any form, such as dismembering the contract, breaking it into parts, recruiting small ones and sending large ones, or fictional classified projects, emergency projects, and using patented technology; It is not allowed to engage in false bidding on the grounds of strategic cooperation, investment attraction, etc., such as "open bidding and secret bidding" and "build first and then recruit"; Not through collective decision-making, meeting minutes, reply opinions, memos and other forms will be legally required to tender the project into negotiation, comparison or direct contracting and other non-tendering methods; It is not allowed to illegally adopt invitation bidding for projects that should be open for bidding; It is forbidden to change the bidding procedures at will, and it is forbidden to directly determine potential bidders, winning candidates or winning bidders by drawing lots, shaking numbers and drawing lots.

　　In order to prevent the problem of "default of the winning bidder" in the bidding process, the Draft for Comment also emphasizes the need to do a good job in reviewing and evaluating the bid evaluation report. The tenderer shall carefully review the written bid evaluation report submitted by the bid evaluation committee, focusing on whether the selection, withdrawal, personnel composition and professional structure of the members of the bid evaluation committee meet the requirements; Whether the bid evaluation committee conducts bid evaluation in accordance with the bid evaluation methods and standards specified in the tender documents; Whether there are random scoring, willful scoring or obvious tendency scoring phenomena such as "human feelings score" and "relationship score"; Whether there is inconsistency in objective index scores or significant difference in subjective index scores; Whether to conduct a detailed review of abnormally low-priced bids or seriously unbalanced quotations; Whether to ask the bidder for clarification, explanation and correction according to law; Whether there is any random rejection of bids.

　　Focus on monitoring professional households accompanying bids

　　The bidding market is an important part of the high-standard market system, and the bidding work is of great significance for giving play to the decisive role of the market in allocating resources, improving the quality and efficiency of resource allocation, improving the efficiency of the use of state-owned funds and preventing corruption. To this end, the "Draft for Comment" proposes to resolutely curb illegal bidding behavior and strictly regulate the behavior of bidders.

　　The "Draft for Comment" stipulates that it is not allowed to lend, borrow or link the qualification bidding; Shall not forge or alter qualifications, qualification certificates or other licenses to defraud the bid; Shall not collude with the tenderee, tendering agency or other bidders in bidding; After winning the bid, the bidder may not give up the bid without justifiable reasons, and the tenderer may not return the bid bond if the bid documents are revoked after the deadline for bidding or the bidder gives up the bid without justifiable reasons.

　　At the same time, it is necessary to use new technologies to accurately target key regulatory targets. The bidding administrative supervision departments at all levels should actively rely on the electronic bidding system and use big data and other technical means to analyze and judge the local bidding market, focusing on "bidding professionals" who have abnormally low bid winning rate, do not bid for the purpose of winning the bid, and are suspected of colluding with bids, and focus on cracking down on "bidding kings" who are suspected of manipulating bids or lending qualifications and other illegal acts that lead to abnormally high bid winning rate.

　　In terms of intensifying the crackdown on illegal activities, the "Draft for Comment" requires administrative supervision departments at all levels to implement "zero tolerance" for illegal activities in bidding and tendering; Strict implementation of the administrative punishment decision must be made public within seven working days, and timely pushed to the public resource trading platform, synchronous publicity to the "credit China" website.

　　The reporter also noted that the "Draft for Comment" intends to squeeze the space of power rent-seeking in the bidding process by promoting the whole process of electronic bidding.

　　Improve trustworthiness, encourage dishonesty and punish.

　　In terms of the implementation of supervision and management responsibilities, the Draft for Comment requires that the professional quality of the bidding industry team should be greatly improved, and that tenderers, bidders, bid evaluation experts, bidding agencies and their employees should correctly establish the value concept of fair competition and merit-based, and enhance professional ethics, professional ability and integrity and self-discipline awareness. Accelerate the construction of a market integrity system that combines administrative supervision, social supervision and industry self-discipline, give full play to the role of industry self-discipline mechanism, and promote the integrity and law-abiding of bidding subjects.

　　At the same time, it is necessary to speed up the construction of credit system in the field of bidding, build a new supervision mechanism based on credit, which runs through the whole life cycle of market participants’ bidding and connects all stages before, during and after, and give full play to the basic role of credit in improving supervision ability and level. Scientifically establish credit evaluation indicators and standards, increase the application of credit evaluation results in bidding evaluation, and further improve the incentive mechanism for bidding and trustworthiness and disciplinary mechanism for dishonesty, so as to provide a strong guarantee for establishing a fair and orderly bidding market and creating a good business environment.

　　In addition, in terms of strengthening the management of agencies and employees, the Draft for Comment clarifies that bidding administrative supervision departments at all levels should strengthen the dynamic supervision of bidding agencies and employees, take the bidding agency behavior as the main content of the "double random and one open" inspection and bring it into the normal management, impose administrative penalties on behaviors that disrupt the market order, such as bid rigging and bid rigging, and punish them for dishonesty according to law. The investigation results should be announced in time and made public according to regulations, and the evaluation results can be used as a tenderer to choose a bidding agency. Encourage the credit evaluation of bidding agencies and the evaluation of professional technical ability of employees, and improve the service ability of bidding agencies.

　　Xiong Wenzhao, a professor at the Law School of Minzu University of China, believes that all kinds of violations of laws and regulations in the bidding activities in the engineering field have extremely adverse effects on the bidding work of construction projects. Therefore, it is of great practical significance to strengthen the relevant responsibilities of bidding subjects and strengthen the management of agencies and employees. An important reason for the endless corruption in the bidding field is unclear responsibility and poor supervision. Therefore, it is very effective to urge the responsible units to establish a list of responsibilities, and clearly define the responsibilities from the weak links such as the preparation of bidding documents, contract performance management, post-bid supervision and inspection, and joint punishment for dishonesty. (Reporter Wan Jing)

　　　 The last part of this year’s account blockbuster, the first disaster film of biology department in Korea, "Iron Nematode Invasion" is being shown in national cinemas, and the topic of insect epidemic is also heating up. About "the appearance of iron nematodes", "the possibility of iron nematodes parasitizing human body" and "the probability of pesticides killing mutant parasites in human body" have all become hot topics in the streets at the end of this year. Some netizens are still struggling with the heinous iron nematodes after watching the film.

　　　 The Iron Nematode Invasion has been released for nearly a week, and it has been well received for its control of rhythm and tension. When a large number of infected people stumbled into the river, it was as enjoyable as watching Resident Evil. Netizens described it in one sentence as "ten minutes into the play, climax to the end", and the resonance caused by emotional rendering was more touched. Film critic Yang Jian commented: "Disaster is no longer a disaster.

Have the fear of eating eggs at the end been eliminated?

　　　 In the movie "Iron Nematode Invasion", when Zaihe (Myung min KimAfter the scene of crying on one’s knees in the ruins, the weak scholar becoming an iron character, the brilliant maternal love of his wife (Wen Yunxi) and the struggle of his younger brother Zaibi (Dane Kim Kim Dong-wan) for an antidote, life is inevitably calm after thrilling: nothing more than the family being saved and reborn after the robbery, Zaihe cherishes the meaning of family more, and his wife’s personality is becoming more and more perfect, Zaibi.

　　　 Just when everyone thought that the film was about to end happily, a body floating on the sea shocked everyone, including Jae-hyuk. However, the film came to an abrupt end here, leaving a room for infinite imagination. Perhaps the "battle" of the insect epidemic is far from simple as imagined. Mutant parasites lurk in the ubiquitous water source, and the Han River goes west to the sea, accompanied by pests. Even if a lot of remedial measures are taken, it can’t resist the epidemic crisis with super fecundity. The dead bodies crossing the sea are just a drop in the ocean. Where will the next "battle" of insects take place?

Jin Mingmin may be recruited into the "The Avengers"?

At the 2024 new york International Auto Show, people are watching the electric cars on display. Image source: Anthony Behar/Alamy

On May 14th, the U.S. government announced that it would substantially increase the tariffs on a series of products imported from China, most of which are aimed at "green" or low-carbon technology products. The tariffs will take effect on August 1st, including 100%, 25% and 50% tariffs on electric vehicles, lithium batteries and solar cells respectively. The affected categories of China goods include medical supplies, steel and aluminum products and marine cranes, and the importers will have to pay the established tax rate to the US government.

This tariff will reduce the competitiveness of related products and keep them out of the American market.

This not only marks the spread of tension between China and the United States to new areas, but also will have an impact on global energy transformation, climate diplomacy, Latin American manufacturing and trade relations, and the essence of technological development in the 21st century.

In this regard, Dialogue Earth interviewed experts from Europe, China and Latin America.

Belinda Schäpe

Independent expert and consultant on climate policy and China-EU relations in China.

Recently, the United States imposed tariffs on green technologies, marking a new stage in the Sino-US trade war, which may lead to a slower pace of energy transformation in the United States. People welcome healthy industrial competition, but the current policy of the United States may not achieve the expected results: despite the huge subsidies provided by the Inflation Reduction Act, the new tariffs will make the price of green technology in the United States more expensive, thus hindering global cooperation in tackling climate change. The EU should find its own way to deal with China’s dominant position in the field of green technology instead of shrinking on the issue of climate targets.

The EU needs to carefully strike a balance between the two goals of supply chain resilience and climate resilience. Hastily excluding China from the green technology supply chain will threaten the EU’s climate targets. In order not to affect its climate goals, the EU needs to take a pragmatic view of the threat posed by China’s green technology: although dependence on China may bring economic and strategic risks to some goods, it may not be the case for other categories. In order to ensure a smooth energy transition, it may be inevitable to rely on China to some extent in the short to medium term, especially considering China’s leading position in the international supply chain. To realize the diversification of these supply chains, it is inseparable from global partnerships, especially with developing countries around the world, which need to be supported by financial strength and innovation, rather than new tariffs.

With the escalation of tension between China and the United States, China-EU relations play an important role in maintaining the continuity of climate cooperation and diplomatic dialogue. China and the United States are about to start a confrontation in the field of green technology, which may affect global climate cooperation. If Trump is elected president of the United States for the second time, the United States may give up its climate commitment, and one of the few active working groups between China and the United States will also end. If Sino-US climate cooperation breaks down, the EU will have the responsibility to cooperate more closely with China to promote global climate action and urge China to fulfill its climate commitments. The EU should be prepared to maintain its position as a climate leader, and at the same time be cautious in dealing with trade tensions.

Yao Zhe (Yao Zhe)

Global Policy Advisor, Greenpeace East Asia Branch

On the occasion of the US election, President Biden’s decision to escalate the Sino-US trade dispute on green products is a risky bet. Being tough with China may win some voters’ votes and gain short-term political benefits, but it will also lose China’s trust in climate cooperation. China is expected to take countermeasures against the new tariffs, but the Sino-US climate dialogue will continue. However, if the green trade dispute continues to escalate, it may hinder the two countries from reaching any substantive climate cooperation action.

The China-US Climate Dialogue now has a new leader. John Podesta, the top climate diplomat in the United States, is also responsible for implementing the Inflation Reduction Act. His dual identity will inevitably bring closer the relationship between trade and climate dialogue, which will bring a severe test to the resilience of bilateral climate cooperation.

Climate is a special link to stabilize relations between the two countries in difficult times. However, the recent actions of the United States, including putting pressure on China with "overcapacity" and sharply increasing tariffs on electric vehicles and solar cells in China, have all released contradictory signals.

Competition may be the keynote of Sino-US relations for a long time to come. But that doesn’t mean that the two countries must be tit for tat in every aspect. On climate issues, even in green industries, the two countries still have good reasons to cooperate closely.

China enterprises are looking for opportunities to establish joint ventures and production centers in overseas markets, including the United States. This will help create jobs for the local area and promote economic growth. If Chinese and American enterprises are willing to cooperate, politics should not be an obstacle.

David Tyfield

Professor of Sustainable Transformation and Political Economy, Lancaster University

The new tariffs imposed by the United States on China’s electric vehicles show that more and more influential voices in the United States realize that the importance of electric vehicles is far more than a minor upgrade of long-standing automobile technology.

At present, we stand at the starting point of the social and technological evolution of electric vehicles. In the digital age, they are more and more likely to become "supercomputers on wheels". Therefore, electric vehicles are not only the core of the key travel industry and geopolitical competition in the 21st century, but also the key technology to shape the urban life style and the "good" vision in the future, which will further affect the global order and power.

In view of the fundamental mismatch between the current and emerging superpowers in terms of global outlook, it is not surprising that we see the competition around electric vehicles escalating and gradually moving towards "strategic decoupling". This kind of competition will not only involve the future form of electric vehicles, but also shape the future world in turn.

In the "Global Electric Vehicle Competition", the firm participation of the United States is welcome-not because of the speed of electric vehicle promotion, nor because American innovation is "better" in a sense, but because it has at least established a meaningful competition platform for the quality of electric vehicles. It also ensures the development track of this key technology, and will not only meet the needs of China by default.

However, this protectionist strategy risks being defeated by themselves. This is inevitable, and what is currently on the table is not the "best situation" of Sino-US cooperation-that is, a win-win strategy with the lowest risk.

Therefore, how this latest initiative affects the transformation of global sustainable travel depends on its complex details in the medium term. As the United States and China offer increasingly different and directly competitive electric vehicle visions, other countries (both of which need their markets) may balance them, thus producing positive global results. However, the opposite result may also occur, that is, due to the intensification of geopolitical division, the cycle of distrust slows down the popularization of electric vehicles and has a negative impact on this technology.

In a word, this tariff means that we have entered a new era. In this era of intensified global competition, it is possible to accelerate or slow down the popularization of electric vehicles; Only one thing is certain, that is, the electric vehicle industry will be more turbulent.

Jorge Heine

Professor, Pardee School of Global Studies, Boston University, and temporary director, Pardee Center for the Study of the Long-Range Future, Boston University.

This move by the United States may open the prelude to a large-scale escalation of the Sino-US trade war, and all countries in the region should be vigilant about this. Presidential candidate Trump has announced that if elected, he will impose a 10% tariff on all goods imported from the United States and a 60% tariff on goods imported from China.

Since the 1990s, Latin American countries, including Chile, Colombia, Peru and Uruguay, have been betting on increasing exports and promoting economic growth through free trade and access to the markets of China and the United States (the total economic output of the two countries accounts for 40% of the global GDP). They also bet on the right thing.

Now, the signal from Washington is that the era of globalization and open market is over. Protectionism prevails. In addition to electric vehicles, the United States also pointed its finger at other green renewable energy products such as batteries and solar panels. Latin America has many key commodities such as copper and lithium needed for green transformation. Therefore, these practices of the United States are particularly worrying for this region.

For many Latin American countries, it is the best choice to make use of these key commodities and increase their value, so as to realize the transformation of green economy, and to stimulate economic growth after another "lost decade". Latin American countries are eager to cooperate with China and the United States to promote the realization of this vision by developing tripartite relations-just as countries in this region did at the peak of commodity demand.

However, the signal from Washington is that this method is no longer feasible. The United States now completely gives priority to the domestic market, even if climate change and regional green transformation will be affected by it.

Enrique Dussel (Enrique Dussel)

Coordinator of China-Mexico Research Center, National Autonomous University, Mexico

In the past few years, we have experienced conflicts between China and the United States. Many people are talking about "near-shoring", "on-shoring" and "offshore". I want to add the term "security-shoring" to this dialogue, that is, to put the national security of the United States above trade and have a direct impact on third-party countries.

Recently, the United States hopes that third countries must adopt the same regulatory rules for China, that is, the "invest compete align" strategy adopted by the United States against China. "Collaboration" will affect third-party countries, because the United States is seeking third-party partners to fight against China with it; The United States hopes that Mexico can be consistent with the US security outsourcing strategy in all fields.

In terms of elections, Biden and Trump both agree with this, so the current competition between the two sides is who is tougher on China.