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A shares made a tough start in the first quarter, and this sector may have more stamina.

In the first quarter of this year, the A-share market was full of resilience.The Shanghai Composite Index ended its three consecutive quarters of decline and closed up 2.23% in the first quarter. Shenzhen Component Index has risen by 14.47% since February. The dual-creation sector also performed well, with the Growth Enterprise Market Index and the Science and Technology Innovation 50 Index rising by 15.56% and 11.37% respectively since February. It is worth mentioning that,In the first quarter, the overall rise of blue-chip stocks in the market was outstanding, and low-altitude economic concept stocks rose, leading the market to develop in depth.
Various funds care for the first quarter, the market bottomed out and rebounded.
In January this year, the Shanghai and Shenzhen stock markets plummeted.Among them, the Shanghai Composite Index fell by 6.27% in January. On February 5th, the Shanghai Composite Index dropped to 2,635.09 points, a five-year low and the lowest point in the first quarter. Just when the market was in a downturn, the "counterattack" started. On February 6, the market rebounded strongly.At the end of February, the 3000-point mark was recovered, and the Shanghai Composite Index rose by 8.13% in February.. In March, the Shanghai Composite Index touched 3090.05 points, the highest point in the first quarter. In the end, the Shanghai Composite Index closed at 3041.17 points at the end of March.It rose slightly by 0.86% in March..
At this point,In the first quarter, the K-line of the Shanghai Composite Index closed out the Xiaoyang line with a long shadow line, which rose by 2.23% in the first quarter, and ended the K-line with three consecutive yin.
The Shenzhen stock market fell even more in January this year. On February 5, the Shenzhen Stock Exchange Index hit the lowest point of 7683.63 points in the first quarter of this year, hitting a new low in the past five years. Subsequently, the market rebounded sharply. In February, the Shenzhen Stock Exchange Index rose by 13.61%, but it did not recover the lost ground in January. In March, Shenzhen Component Index reached the highest point of 9785.1 points in the first quarter, closed at 9400.85 points in March, and closed the Xiaoyang line in March, with a slight increase of 0.75%. Shenzhen Stock Exchange Index failed to turn red in the first quarter of this year, but closed a small negative line with a long shadow line, with a decline of 1.3% in the first quarter and a negative K line of 4 in the quarter.
Growth enterprise market index is the weakest. Growth enterprise market index closed at a small negative line in the first quarter, with a decrease of 3.87%, and the quarterly K line was even negative. Compared with the previous three quarters, the decline in the first quarter of this year is the smallest, and there is a long shadow line.
The A-share market bottomed out and rebounded, which is strongly related to the policies introduced by the regulatory authorities in the first quarter.Since the second half of last year, the market has continued to decline. The inflection point of the rebound began with the CSRC’s document "Strictly Punish the manipulation of malicious short selling in the market and effectively maintain the stable operation of the market". On February 6, the day after the release, the Shanghai Composite Index soared by 3.23%, hitting a new high in the past two years.
Since then, the CSRC has launched a policy of "combination boxing", which once again injected a "cardiotonic agent" into the A-share market.On March 15th, the CSRC issued four documents in a centralized manner, releasing policy signals to enhance supervision and promote the high-quality development of the capital market. Li Chao, vice chairman of the China Securities Regulatory Commission, said that these four documents are an organic whole, and systematically put forward policy measures from the aspects of issuance access, continuous supervision of listed companies, supervision of intermediary institutions, etc., highlighting "strengthening the foundation and strengthening the foundation" and "strict supervision and management".
All kinds of funds have obvious care for the market.On February 6th, central huijin announced that the company fully recognized the current allocation value of the A-share market, and recently expanded the range of holdings of trading open-end index funds (ETFs), and will continue to increase its holdings and scale, and resolutely safeguard the smooth operation of the capital market.[Previously reported: Today’s A shares are arrogant! The "national team" once again increased its holdings, and the growth enterprise market index rose by 6.7%.
According to data treasure statistics,In the first quarter, the net inflow of equity ETF funds reached 322.729 billion yuan, and the net inflow of eight ETF funds exceeded 10 billion yuan.Among them, the net inflow of E Fund CSI 300ETF, Huatai Bairui CSI 300ETF, Jiashi CSI 300ETF and Huaxia CSI 300ETF is more than 50 billion yuan.
In addition, it is worth mentioning that,Cash dividends of listed companies are increasing substantially.. According to the statistics of Securities Times and Data Treasure, as of March 28th, nearly 500 listed companies in the A-share market have issued profit distribution plans for 2023, and the total dividends in the first quarter, the first half and the third quarter of 2023 exceeded 917.6 billion yuan, accounting for nearly 43% of their net profit in 2023.
Compared with previous years, there are three major trends in A-share dividends in 2023: First, the cash dividend of Big White Horse shares has reached a new high; Second, the dividend rate of some high-quality companies has increased significantly, and technology companies frequently pay large dividends; Third, the frequency of market dividends has increased significantly.
Judging from the performance of the index, this year, the dividend index devoted to high dividend style stocks has risen significantly higher than the A-share market, which has won the favor of investors. Xun Yugen, chief economist of Haitong Securities, said that with the policy to increase the guidance of cash dividends for listed companies, it will help to cultivate the long-term investment concept of the market and enhance the attractiveness of the capital market.
Blue chip performance highlights the concept of low-altitude economy "take-off"
From the perspective of individual stocks, stocks fell as high as 80% in the first quarter. Why did the Shanghai Composite Index still rise in the first quarter?The reason is that the blue-chip stocks in the market are mainly rising, and over 70% of the top 100 stocks with the largest market value are rising. In the first quarter, the overall increase of stocks was not large, and only 40 stocks rose more than 50%. From the perspective of the sector, the rising stocks are mainly traditional industries, among which the stocks of oil, coal, household appliances and banks have increased greatly.
The good performance of large-cap stocks made the relevant indexes perform better in the first quarter.The Shanghai and Shenzhen 300 Index is dominated by large-cap stocks, rising by 3.1% in the first quarter. The Shanghai Composite Index also closed the positive line in the first quarter because large-cap stocks such as banks and oil were concentrated in the Shanghai Stock Exchange. In the CSI scale index, the CSI 100 index, which reflects large-cap stocks, rose by 3.4% in the first quarter.
At the same time,Concepts such as low-altitude economy "take off".This year’s "Government Work Report" proposes to vigorously promote the construction of a modern industrial system and accelerate the development of new quality productive forces. The hot spots of new quality productivity are rapidly catalyzed, and many concepts with scientific and technological attributes such as low-altitude economy, artificial intelligence, new energy vehicles and robots are active in turn.
Choice data shows that after excluding the newly listed stocks this year, Ai Ai Seiko, Jindun, Kelai Electromechanical, Weihaide, Wan Feng Aowei, Beyond Technology, Roboteco, Insai Group, Yongyue Technology and Xianggang Technology became the top ten bull stocks of A shares in the first quarter of this year.
Specifically, the new industrialization concept stock Ai Ai Seiko was the king of A-shares’ gains in the first quarter, during which the stock price accumulated the largest increase of 341.9%.Ai Ai Seiko’s main business is the research and development, production and sales of light conveyor belts. The company announced on January 31 that it expects to realize a net profit of 5.5 million yuan to 8 million yuan in 2023, turning losses into profits year on year. In addition, Ai Ai Seiko said on the interactive platform on March 7th that the film for solar cell packaging is mainly positioned in special niche products, such as Topcon special POE film, perovskite thermoplastic PO(polyolefin) film, heterogeneous carry-over optical film, etc. However, the company is still in the research and development stage and has not yet been put into production.
Jindun, a concept stock of low-altitude economy, has the largest cumulative increase of 330% in the same period, ranking second in the increase list, while Wan Feng Aowei and Yongyue Technology, the leaders of low-altitude economy, have increased by 269.8% and 218.54% respectively in the same period (ranking third and ninth respectively). Jindun Co., Ltd. announced on March 28th that the electric ducted fan products for flying cars that the company cooperated with Tsinghua University are still in the research and development stage and have not been applied. Wan Feng Aowei said in Interact on March 27th that the low-altitude navigation fixed-wing diamond aircraft has been delivered in batches in various application scenarios such as private flight, aviation school training and air transportation, and its main customers are flight schools, airlines, aviation clubs and private consumers. Yongyue Technology announced on March 26 that there is a significant uncertainty risk in the performance of the company’s drone contract, and there is no order in hand. Yongyue Technology announced on March 20 that as of the third quarter of 2023, the operating income of the company’s drone business was about 2.8 million yuan, which has not yet had a significant impact on the operating income of listed companies.
In the news, Sun Wensheng, deputy director of the General Department of the Civil Aviation Administration, said at the press conference held on March 29 that the Civil Aviation Administration will fully understand the great significance of developing low-altitude economy, implement the Provisional Regulations on Flight Management of Unmanned Aerial Vehicles, and improve the functions of the integrated management platform for unmanned aerial vehicles. Coordinate relevant parties to jointly strengthen the construction of service guarantee system for low-altitude flight activities, and continuously improve the service guarantee for plan approval, air traffic control, meteorology and communication of low-altitude flight activities.
A little more news. There is a high probability that the A-share market will rise steadily in the second quarter.
What will A-shares do in the second quarter?Great Wall Securities said that looking forward to the second quarter, China’s economic development goals and policy tone will be more aggressive, and policies on new quality and productivity may be accelerated, and A-shares still have high cost performance.
Morgan Stanley previously said thatGlobal funds are returning to the China stock market.As some funds’ bearish sentiment towards China market has eased, overseas fund management companies are rethinking their asset allocation in the whole Asian region. The research team of Goldman Sachs said that the A-share market in China remained over-allocated. The Goldman Sachs team predicts that the earnings per share of MSCI China and CSI 300 Index will increase by 8% to 9% in 2024.
Zhang Cuixia, chief investment consultant of Jufeng Investment, predicted that,In the second quarter, there is a greater probability that the market will go up steadily.From the perspective of economic fundamentals, there are many data highlights from the beginning of the year to the end of the first quarter: the growth rate of consumption has rebounded, the performance of service consumption has been bright, and exports have strengthened beyond expectations. A series of related data indicators show that the endogenous power of current economic recovery is already accumulating. From a policy perspective, the intensive introduction of a series of policy combination boxing is very obvious for boosting market confidence. From the perspective of funds, we can see that the funds of the national team are all bought in buy buy, and some major overseas institutions are also actively singing more about China’s economy.
"We expect the Shanghai Composite Index to break through the pressure of 3,200 points in the second quarter, forming a positive signal that the medium-term trend is getting stronger, and we also expect the GEM Index to return to above 2,000 points."Zhang Cuixia said that in terms of concept stocks, he prefers the big technology growth sector. Because the advantage of policy support is the internal driving force to promote the growth track of scientific and technological innovation, and at the national level, there is a driving force for market value management for "little giant" enterprises that specialize in novelty, including unicorn enterprises and listed companies of central enterprises and state-owned enterprises. Recently, the market has paid more attention to this. Since the rebound from the bottom, we have seen some relatively good policy-driven core industries related to artificial intelligence, online games, data centers, computing power leasing, semiconductor equipment materials, chips, 5G, new energy vehicles, driverless driving, etc. All performed well.
Besides,"It is not ruled out that in the first three trading days of Tomb-Sweeping Day, the theme stocks reappeared the possibility of a large bottom."Li Chun, chief investment officer of Jiangnan Avenue of Galaxy Securities, said that on the occasion of intensive disclosure in the annual report and the first quarterly report, investors are advised to stay away from the problem stocks with delisting risks and the stocks that lack performance support, and actively pay attention to the gold digger opportunities brought by the wrongful killing of low-valued high-quality blue chips.
(Note: This article does not constitute any investment advice)
China Business Daily is integrated from Xinmin Evening News, Upstream News, Securities Times and national business daily.
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Report on the Special Investigation of Grass-roots Market Supervision in Shaanxi Province

Recently, in accordance with the requirements of the educational activities on the theme of "Do not forget your initiative mind, Keep in mind the mission", the main responsible comrades of the Law and Regulation Department led a team of four people to form a research group to carry out special investigations on the supervision of grassroots markets in Hanzhong City and Ankang City, Shaanxi Province. The investigation is now reported as follows:

First, investigate the basic situation

In order to fully understand the establishment and operation of grass-roots market supervision institutions, the research team held forums in Hanzhong City and Ankang City respectively by combining discussion and investigation, and had discussions and exchanges with more than 30 directors of market supervision institutions and responsible comrades of legal institutions of grass-roots market supervision departments; He also visited three city and township market supervision offices to carry out field research, listened to the opinions and suggestions of grassroots comrades on the legal orientation and functional orientation of market supervision offices, and learned about the law enforcement and rule of law construction of grassroots market supervision.

Second, the situation of grassroots market supervision institutions in Shaanxi Province

The research team learned that after the reform of the market supervision system was initiated in Shaanxi Province in 2015, according to the requirements of the documents of the provincial party committee and the provincial government, market supervision bureaus were established in all counties and districts, which integrated the responsibilities of industry and commerce, quality inspection, salt affairs and food and drug supervision departments. There were different forms of market supervision institutions at the township level. In some areas, industrial and commercial offices and township food and drug supervision offices managed by districts were still retained, and in some areas, market supervision offices were established by "merging into one". Some market supervision offices are still dispatched by county bureaus, and some have been managed by township governments.

Hanzhong, visited by the survey, has a total area of 27,200 square kilometers and a permanent population of 3.86 million. After the institutional reform in 2015, 11 counties and districts in the city successively established county-level market supervision administrations (with the brand of Food and Drug Administration). In February 2019, the original functions of industry and commerce, quality supervision, food and drug supervision, salt affairs, price supervision and intellectual property rights, and cracking down on counterfeit and shoddy goods were integrated at the municipal level, and the Hanzhong Municipal Market Supervision Bureau was established. The 11 county and district market supervision bureaus were basically reformed before the end of June. At present, there are 178 market supervision offices (with food and drug supervision offices) in the city. Except for 52 offices in Chenggu and Lueyang counties, the remaining 126 offices have been placed under the management of towns (street offices). There are 2590 people in the city’s market supervision system, including 1154 people in the market supervision office.

Ankang, visited by the survey, has a total area of 23,500 square kilometers and a permanent population of 2,668,900. In January 2019, the original functions of industry and commerce, quality supervision, food and drug supervision, salt affairs, price supervision and intellectual property rights were integrated at the municipal level, and the Ankang Municipal Market Supervision Bureau was established. There are 11 county and district market supervision administrations and 138 township market supervision offices in the city. Except for 4 agencies in Hanbin District, which are dispatched by Hanbin District Market Supervision Bureau, the rest have been placed under the management of towns (street offices). There are 1520 market supervision departments in the city, including 694 market supervision offices.

Third, the problems found in the investigation

(A) the grass-roots market supervision and law enforcement power is seriously inadequate.

After the institutional reform, the supervision and law enforcement power of the market supervision office has not been effectively supplemented according to the requirements of the transfer of functions and the follow-up of people, resulting in a serious mismatch between the supervision power and the supervision function, the law enforcement is not in place, and the supervision function is empty, which has brought great risks and hidden dangers. The main manifestations are as follows: First, there is a serious mismatch between the regulatory power and the regulatory function. Before the institutional reform, the former Quality Supervision Bureau, Salt Bureau, Price Supervision Bureau, Intellectual Property Department and other departments did not have offices at the grassroots level. At present, most market supervision offices are established after the integration of the former industrial and commercial and food and drug supervision offices, and their functions include administrative licensing matters such as issuing certificates and licenses, and full-scale supervision of the former industrial and commercial, quality supervision, food and drug, price, etc., as well as various market inspections, special rectification, consumer complaints, law enforcement inspections, statistical reports and so on. However, at the same time, law enforcement personnel have not been supplemented accordingly. Many supervision institutions only have 2 to 4 people, and receive 2 to 3 documents issued by superiors every day on average, which makes some supervision work become a mere formality, focusing only on work marks and not on actual work. Coupled with the continuous and strict accountability, law enforcement officers in some places have a fear of being unwilling and afraid to enforce the law. The absence of grass-roots supervision power also leads to a large backlog of work in the county bureau, which affects the performance of the county bureau’s work responsibilities. Second, the professionalism of grassroots supervisors needs to be improved. There is a general lack of professional knowledge and technical personnel in the fields of food and medicine, medical equipment, special equipment, standard measurement, etc., and it is difficult to deal with slightly complicated cases. It is often the case that the documents issued by the county and district bureaus to the town (street office) are not implemented.The person who receives the document does not know the business, and the person who knows the business is not on the job or has been going to the countryside for a long time.

(2) The phenomenon of brain drain and deviation from the main business is serious.

Comrades at the grassroots level generally reported that after the market supervision office was placed under the management of the town (street office), the focus of work shifted, and even the government decrees were not smooth, and some important supervision tasks could not be implemented, which further weakened the market supervision and law enforcement force that was already in serious shortage, and the grassroots supervision ability declined, and the "last mile" of market supervision was neglected. First, after some town (street office) market supervision offices were placed under the management of town offices, market supervision personnel, especially young effective forces and professional law enforcement backbones, were transferred or misappropriated to complete government work, resulting in a serious loss. Some supervisors come from other departments of the town (office) government, have no law enforcement experience and qualification, and can only engage in law enforcement work in the name of others, which poses great legal risks. According to statistics, as of the end of 2018, among the 288 township (street office) market supervision offices in Hanzhong City, only 45% were on the job. Second, the market supervision office has to accept various tasks assigned by the town (street office). In addition to undertaking normal market supervision work, it is also engaged in a large number of town (office) work, including securing villages, demolition, creating health facilities, assisting in handling letters and visits, banning straw burning, flood control, environmental protection, etc. The focus of work is mainly on township work, and in some areas, township work even accounts for 80% of grass-roots work, and the directors of some township offices also serve as poor villages. For example, a township market supervision office in Ankang visited by the research team has only two offices, and there is an administrative license acceptance window in the government service hall, with only one cadre on duty.It is simply impossible to undertake heavy market supervision and law enforcement work.

The research team learned that individual market supervision offices, which are still dispatched by county-level market supervision departments, are facing serious pressures and problems after institutional reform, but due to the relatively stable law enforcement personnel, clear supervision responsibilities, smooth uploading and distribution, and good implementation of grassroots tasks, market supervision work has been carried out in an orderly manner in the past year.

(3) The number of law enforcement cases dropped sharply.

The research team learned that the number of law enforcement cases handled by the market supervision institute has dropped significantly, and even zero cases have been handled every year, exposing a large number of regulatory risks and hidden dangers. According to statistics, the number of law enforcement cases handled by most market supervision offices in transferred towns (street offices) has decreased by about half compared with that before 2015, and in some areas it is less than one-third before the transfer. For example, in Hanzhong City, before 2015, the town (street office) supervision office, as the dispatched office of the county bureau, was basically able to focus on supervision, and the supervision and law enforcement were in place. In 2015, various management offices investigated and handled 798 cases of various types, which declined year by year after being transferred to the town (street office) management, and only 200 cases were handled by most supervision offices in 2018. In the first half of this year, after the functional integration, the number of food and drug illegal cases investigated and handled also decreased by 43% compared with the same period last year.

(four) the identity of law enforcement personnel is different, and the people’s hearts are unstable.

Most of the supervision offices managed by towns (street offices) are public institutions, and the staffing of law enforcement personnel in the offices is different. The former industrial and commercial law enforcement personnel are mostly administrative, while the food and drug law enforcement personnel are basically career-oriented. In addition, some quality supervision law enforcement personnel are prepared for the public service, and a large number of law enforcement tasks such as price and salt affairs are diligent. After the combination, there are few administrative personnel and many career-oriented personnel, especially those who are diligent, accounting for a large proportion. Due to the different identities of personnel, especially the establishment of some self-supporting undertakings, the employees are paid differently for equal work, which greatly affects the enthusiasm of grassroots personnel in law enforcement and case handling.

(E) inadequate protection has affected the effectiveness of supervision and law enforcement.

Grassroots comrades reported that many market supervision offices, especially those under the management of towns (street offices), are seriously short of office funds. There is a big gap between the office space of some supervision offices and the requirements for standardized construction of grassroots supervision offices issued by the General Administration. However, in some areas, staffing, vehicle establishment, and law enforcement fund guarantee are not allocated according to the standards of administrative law enforcement units, but related resources are allocated according to management units, so the gap between law enforcement work guarantee and work needs is extremely large, and the construction of law enforcement teams is seriously lagging behind. For example, there are 8 state-level poverty-stricken counties in 11 counties in Hanzhong City, with poor economic foundation, and a large gap in law enforcement funds, law enforcement vehicles, law enforcement recorders, rapid inspection and testing equipment, which cannot meet the needs of supervision and law enforcement, seriously restricting the improvement of supervision efficiency.

Fourth, thinking and suggestions

(A) Analysis of the legal orientation and functional orientation of the market supervision office

According to the spirit of the central document, the Plan for Deepening the Reform of the Party and State Institutions adopted at the Third Plenary Session of the 19th Central Committee in communist party, China stipulates that "the law enforcement responsibilities and teams of industry and commerce, quality inspection, food, medicines, prices, trademarks and patents should be integrated to form a comprehensive law enforcement team for market supervision. Guided by the State Administration of Market Supervision. Encourage local governments to integrate other law enforcement teams that go directly to the market and enter enterprises, face the grassroots and face the people, such as business law enforcement and salt law enforcement, into the comprehensive law enforcement team of market supervision. " The Guiding Opinions on Deepening the Reform of Comprehensive Administrative Law Enforcement of Market Supervision issued by the General Offices of the General Office of the Central Committee of the CPC and the State Council on November 26, 2018 pointed out that "integrate the strength and resources of stations in towns (streets) in the field of market supervision, set up a unified comprehensive administrative law enforcement team for market supervision, be responsible for basic supervision, and exercise the power of administrative punishment according to law. As an agency of the county (city, district) market supervision bureau, the county (city, district) market supervision bureau will take charge of it. To make provisions on the functional orientation and work affiliation of the comprehensive law enforcement team of market supervision.

According to the provisions of laws and regulations, according to the relevant provisions of the Administrative Licensing Law and the Administrative Punishment Law, for example, the market supervision office, as an agency of the county-level market supervision department, can directly exercise the market supervision function according to law. If the market supervision office is placed under the management of the town (street office), there are three ways to realize the statutory authority. First, it is authorized by laws and administrative regulations; Second, with the approval of the State Council, the people’s governments of provinces, autonomous regions and municipalities directly under the Central Government decide an administrative organ to exercise the administrative licensing power of the relevant administrative organs; The State Council or the people’s governments of provinces, autonomous regions and municipalities directly under the Central Government authorized by the State Council decide that an administrative organ shall exercise the administrative punishment power of the relevant administrative organs; Third, it is entrusted by the county-level market supervision department to exercise its functions and powers (administrative license can be entrusted to other administrative organs, and administrative punishment can be entrusted to legally established institutions that manage public affairs). At present, most transfer offices in Shaanxi adopt the third way. As a public institution, they are entrusted by the county market supervision bureau to exercise part of their functions and powers, and the county market supervision bureau bears legal responsibility for the consequences of their actions, resulting in a mismatch between rights and responsibilities to a certain extent.

Judging from the practice of law enforcement at the grass-roots level, the southern part of Shaanxi Province, which was investigated this time, was mainly transferred to market supervision offices managed by towns (street offices). These market supervision offices generally deviated from the main business of supervision, weak law enforcement power and insufficient professional ability, which had a great impact on law enforcement and case handling. The career development of market supervision cadres also faced many uncertainties, which affected the development of market supervision and law enforcement and the maintenance of market order to a certain extent.

(B) Suggestions on further strengthening the construction of grass-roots market supervision institutions

The market supervision department undertakes the daily supervision and administrative law enforcement functions in the fields of industry and commerce, quality inspection, food, medicine, price and intellectual property rights, and is equivalent to the "police" in the economic field. Whether the market supervision responsibility can be fulfilled in place is directly related to the well-being of the people. Grass-roots market supervision institutions are the tentacles and nerve endings of market supervision departments, and whether their functions can be fully exerted directly affects the performance of market supervision functions. Comrades at the grassroots level reported that the law enforcement power of the county market supervision bureau is relatively weak, and the law enforcement field in the jurisdiction is wide and the jurisdiction area is large, so it is impossible to achieve comprehensive and effective supervision, especially in the areas where food, drugs and special equipment are supervised in the whole process. Extending to the grassroots level with the help of dispatched agencies is an important means to improve the supervision efficiency. Grassroots people also generally believe that it is necessary to set up a market supervision office around them, so that the people can feel more at ease, at ease and at ease, which is conducive to timely accepting and solving complaints and reports from the masses, discovering problems in the market, protecting consumers’ rights and interests, and safeguarding the vital interests of the people. Therefore, it is suggested to further consolidate and strengthen the power of grassroots market supervision institutions. First, further research and demonstration should be carried out to identify the difficulties and pain points in the work of grass-roots market regulators, find out the root causes of the problems and study effective solutions. Second, combined with the problems found in the investigation, in accordance with the instructions of the leaders of the General Administration, clarify the legal position of the market supervision office, refine its work responsibilities, actively coordinate with the legislature, promote the formulation of the Regulations on Market Supervision Office, solidify it at the administrative regulations level, and promote the work of the market supervision office to get on the right track as soon as possible. Third, strengthen basic infrastructure,Enrich the grassroots market supervision and law enforcement team, increase training, accelerate the cultivation of specialized market supervision and law enforcement cadres, strengthen the funding and hardware guarantee of grassroots market supervision institutions, and improve the level of informationization.

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Tourism fever, booming consumption and warm market … reflect the vigorous vitality and growth potential of economic development.

CCTV News:Look at the economy through data, and look at achievements through the economy. Today (January 7th), the data released by the State Administration of Foreign Exchange showed that China’s foreign exchange reserves were stable at more than 3.1 trillion US dollars in 2023, and the scale of foreign exchange reserves rose steadily throughout the year. At the beginning of the new year, all parts of the country seized the opportunity and the construction of key projects was promoted in an orderly manner. In addition, the "ice and snow economy" rose rapidly, and Harbin took the lead in "going out of the circle" to detonate the whole country, becoming another "top flow" city after Zibo. In a vivid picture, in a group of "thermal" data, the tenacious and colorful "energetic" China continues to promote the effective improvement of the quality and reasonable growth of the economy.

In 2023, China’s foreign exchange reserves will be stable at more than 3.1 trillion US dollars.

By the end of December 2023, the scale of China’s foreign exchange reserves was $3,238 billion, an increase of $66.2 billion or 2.1% compared with the end of November 2023. Compared with the end of December 2022, it increased by 110.3 billion US dollars, or 3.5%. The scale of China’s foreign exchange reserves rose steadily throughout the year. The relevant person in charge of the State Administration of Foreign Exchange said that at present, China’s economy continues to pick up and make solid progress in high-quality development, which will provide support for maintaining the basic stability of foreign exchange reserves.

Hainan Free Trade Port released six innovative cases of system integration.

On January 6th, according to the principle of "initiative, integration, implementation and good effect", Hainan selected 6 cases of system integration innovation from more than 200 cases declared by more than 40 departments for centralized release. The six cases of system integration innovation released this time include the "five-in-one" comprehensive management system reform of intellectual property rights, the first global "plastic ban" system, the new mode of comprehensive management service of yacht industry, the integrated, unaffected and intelligent supervision of medical and pharmaceutical devices, the deepening of the "three-in-one" reform of maritime trials, and the construction of a high-quality development mechanism for leisure fisheries in the whole chain.

Technological Impetus: China’s 40th Antarctic Expedition

At present, the "Snow Dragon 2" carrying out China’s 40th Antarctic expedition mission is currently carrying out an investigation in amundsen sea. On January 6th, Beijing time, the expedition team successfully deployed the deep-water eco-submersible marker in amundsen sea, which is the first time that China deployed the eco-submersible marker in the polar region, and it can detect the upper ocean krill for a long period by optical and acoustic means. This Antarctic expedition includes the investigation of amundsen sea sea area, which includes abandoned observation, navigation observation of nutrients and chlorophyll in marine water, and comprehensive station surveys such as temperature and salinity profiler and vertical trawl.

Ice and snow economy and "village supermarket" have driven the consumption of cultural tourism to be "hot"

China tourism academy’s Report on the Development of Ice and Snow Tourism in China (2023) predicts that the number of ice and snow leisure tourists in China is expected to reach 520 million in the ice and snow season from 2024 to 2025, and the income of ice and snow leisure tourism will reach 720 billion yuan.

The first "top flow" city in 2024 is Harbin. This winter, Harbin attracts tourists from home and abroad with its beautiful ice and snow scenery, endless ingenious ways to welcome guests and warm and generous hospitality. Harbin has entered the national and even global vision. The analysis believes that after the local city’s cultural tourism "explodes", we should seize the opportunity of cultural tourism consumption recovery, take advantage of the situation to fill the shortcomings, and let the city’s charm continue, so that the cultural tourism consumption will move from "a good start" to "a long red".

Yesterday, the 2024 Guizhou "Village Super" qualifier started, which also means that the new season officially started. From May last year to now, "Village Supermarket" has attracted more than 5 million tourists to Rongjiang, achieving a comprehensive tourism income of nearly 6 billion yuan. "Village Super" brand has attracted many enterprises to settle in. Last year, the sales of agricultural special products reached more than 400 million yuan, an increase of 58%. Nowadays, the "fun" of rural football in Rongjiang County, Guizhou Province is being transformed into a "way" for rural revitalization.

The construction of key projects in various places has been promoted in an orderly manner.

Today, the construction of Xihoumen Highway-Railway Dual-purpose Bridge, the key control project of Zhoushan-Ningbo Railway in Zhejiang Province, has made progress in stages. Xihoumen Highway-Railway Bridge has a total length of 3,118 meters and a deck width of 68 meters. It is the world’s largest span highway-railway bridge under construction and the world’s widest sea-crossing bridge.

On January 6th, the world’s largest span 1800-type continuous rigid frame bridge with corrugated steel webs was completed. The bridge spans the main line of Yujiang River from Pinglu Canal to Nanning Port, with a designed navigation width of 112m and a clearance height of 18m, which can meet the navigation requirements of 6000t ships in Pinglu Canal.

On the morning of January 6, the west line tunnel of Jinan Yellow River Jiluo Road North Extension Project was successfully connected. The project is to build a double-hole tunnel for public rail, with a two-way six-lane highway on the upper floor and reserved rail transit space on the lower floor. Pass through Hanji Railway and Queshan Reservoir by shield tunnel.

At the beginning of the new year, the underground structure of the new T2 terminal of Fuzhou Changle International Airport Phase II expansion project was completed, and the main structure of the terminal entered the construction stage. The second phase expansion project of Fuzhou Changle International Airport has a total construction area of about 480,000 square meters. It is estimated that after the completion in 2026, the annual passenger throughput of Changle Airport will reach 36 million passengers and the cargo and mail throughput will reach 450,000 tons.

On January 6th, the Waitangfan Tunnel of Hangqu Railway was successfully completed, which also marked the completion of all 38 tunnels, laying the foundation for the opening and operation of Hangqu Railway. With a total length of 278.05 meters and a design speed of 250 kilometers per hour, Waitangfan Tunnel is one of the control projects of Hangzhou-Quyu Railway, and it is the most difficult and risky tunnel in Hangzhou-Quyu Railway construction.

Recently, four working faces at the exit of Tianshan Shengli Tunnel on Urumqi-Yuli Expressway have been successfully connected. Tianshan Shengli Tunnel is 22.13 kilometers long and has a maximum buried depth of 1,112.6 meters. After the opening of Wuwei Expressway, the journey from Urumqi to Korla Highway will be shortened from nearly 7 hours to about 3 hours.

Comprehensive measures of medical insurance policy to reduce the burden of medical treatment for the masses

After six years of continuous adjustment, the national medical insurance catalogue has added 744 kinds of drugs. The number of drugs for diabetes treatment in the catalogue increased from 41 to 82; The number of targeted drugs for tumors increased from 0 to 74. Up to now, the cumulative burden reduction for patients has exceeded 600 billion yuan. In the first three quarters of 2023, the medical insurance assistance policy benefited 129 million rural low-income people, helping to reduce the burden of medical expenses by 130 billion yuan.

At the same time, in order to promote a more transparent and balanced inter-provincial price of drugs, the National Medical Insurance Bureau has recently deployed a comprehensive investigation against the existing prices of drugs linked to the Internet nationwide, and promoted the special treatment of drug prices. By the end of March 2024, the inter-provincial price unfairness of the same kind of drugs will be basically eliminated, and the price behavior of pharmaceutical companies will be more fair and honest, and the inter-provincial price will be transparent and balanced, so as to effectively safeguard the legitimate rights and interests of patients and reduce the burden of drug use.

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Focus on the gradual improvement of the effectiveness of our party’s governance from the perspective of the five-year plan

Since the founding of New China, the Communist Party of China (CPC) has combined the basic theory of Marxism with China’s national conditions, compiled and implemented 14 five-year plans for national economic and social development in accordance with the objective laws of economic and social development, and the "14th Five-Year Plan" is being implemented. The practice of the Party’s leadership in compiling and implementing the five-year plan contains the Party’s unique experience in governing the country and embodies the theoretical and practical innovation of the Party’s leadership in socialist modernization. Standing at the starting point of Socialism with Chinese characteristics’s new journey to become a modern and powerful country, profoundly summing up the basic experience of the Party’s leadership in formulating and implementing the five-year plan will help to provide a theoretical and practical basis for building a socialist modern country in an all-round way and realizing the Chinese dream of the great rejuvenation of the Chinese nation.
Since the founding of New China, due to the special national conditions, practical limitations and many other factors, the implementation effect of the 14 five-year plans (plans) has both the joy of success and twists and turns, and has made decisive achievements in building a well-off society in an all-round way, laying a solid foundation for the high-quality economic development of China in the "Tenth Five-Year Plan", reflecting the gradual improvement of the effectiveness of our party in governing the country, mainly in the following aspects.
The party led the people to create and develop the core concept of socialist modernization.
The development concepts of the 14 Five-Year Plans have experienced the transformation from the traditional socialist development concept and Socialism with Chinese characteristics development concept to the new era Socialism with Chinese characteristics development concept, which embodies the theoretical innovation of the socialist modernization led by the Party.
The guiding concept of the first five-year plans is dominated by the traditional socialist development concept, which can be summarized as "the general line of transition period" and "the general line of socialist construction". Its core connotation is to realize the transformation from new-democratic industrialization to socialist industrialization with the guarantee of establishing a single public ownership and highly centralized planning system and giving priority to the development of heavy industry as the strategic focus.
The Sixth Five-Year Plan to the Twelfth Five-Year Plan is guided by Socialism with Chinese characteristics’s development concept. The core concept of the Sixth Five-Year Plan to the Tenth Five-Year Plan is "development is the last word", and its core connotation is to improve economic efficiency as the strategic focus, with market-oriented reform and opening up as the basic driving force. The 11th Five-Year Plan to the 12th Five-Year Plan is based on the concept of "Scientific Outlook on Development", which not only emphasizes economic growth, but also pays attention to "people-oriented" sustainable development.
The "Thirteenth Five-Year Plan" and "Fourteenth Five-Year Plan" are guided by the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, and their core is "Five Development Concepts". The development theme is people-centered, the main line of development is to deepen the supply-side structural reform, and the development strategy is based on expanding domestic demand. The goal is to build a well-off society in an all-round way and start a new journey of building a socialist modernized country in an all-round way, and basically realize the long-term goal of socialist modernization by 2035.
The evolution of the above development concept shows that a successful five-year plan (plan) is based on the scientific development concept.There are some mistakes in the first five-year plans. Although the main reason is restricted by historical conditions and practical experience, the deviation of development concept is also an important reason. The formulation and implementation of nine five-year plans (plans) after the reform and opening up, the creation of the "China miracle", the decisive victory of the "fight against poverty" and the timely realization of building a well-off society in an all-round way all show that the scientific and correct development concept is the "baton" to successfully lead practice.
The evolution of the development concept of the Five-year Plan embodies the theoretical and practical exploration of the Party in governing the country under different historical conditions, deepens the Party’s understanding of the laws of socialist construction, and contributes China’s wisdom to world modernization and economic and social development.
The Party has led the people out of a road of independent innovation and development with China characteristics.
The exploration of scientific and technological innovation led by the Party in the 14 Five-Year Plans has experienced the evolution from the formation and slow development of the self-reliant industrial system to the initial formation of the diversified innovation subject pattern, and then to the deepening of the independent innovation system. China has realized the evolution from a weak country in science and technology to a strong country in science and technology, and is moving towards a world science and technology power.
In the first five five-year plans, under the western economic blockade and the severe international political situation, the CPC Central Committee put forward the scientific and technological development policy of "self-reliance first, supplemented by foreign aid", and established a self-reliance oriented industrial innovation system on high-tech complex industries through the traditional national system, which laid an important foundation for the accelerated development of technology after the reform and opening up.
From the "Sixth Five-Year Plan" to the "Twelfth Five-Year Plan", the idea of scientific and technological development has undergone an evolution from the strategy of rejuvenating the country through science and technology as the primary productive force to the strategy of an innovative country. The promulgation of the Outline of the National Medium-and Long-Term Scientific and Technological Development Plan (2006-2020) and its supporting policies marks a major shift in China’s scientific and technological innovation development strategy from technology introduction to independent innovation. In order to take the road of independent innovation with China characteristics, General Secretary of the Supreme Leader pointed out: "To achieve the goal of’ two hundred years’ and realize the Chinese dream of the great rejuvenation of the Chinese nation, we must adhere to the road of independent innovation with China characteristics, face the world’s scientific and technological frontier, face the main battlefield of the economy, face the major needs of the country, accelerate scientific and technological innovation in various fields, and grasp the opportunities of global scientific and technological competition."
From the 13th Five-Year Plan to the 14th Five-Year Plan, it faces the trend of "anti-globalization", "de-industrialization" and the challenge of "new industrial revolution". Under the guidance of the idea of leading all-round innovation with scientific and technological innovation, the development strategy of science and technology has shifted to supporting the construction of a modern powerful country with scientific and technological innovation, and the quantity and quality have risen together with scientific and technological innovation. China has ushered in a leap from a scientific and technological power to a scientific and technological power. The ranking of China’s global innovation index rose from 29th in 2015 to 14th in 2020, surpassing Britain and ranking first in middle-income economies. In 2020, major breakthroughs will be made in cutting-edge national defense industries such as Chang ‘e-4 detector, Tianwen-1 detector and Beidou-3 global satellite navigation system. At present, China’s scientific and technological innovation is changing from "following" to "running together" and "leading" in the world, becoming one of the most important R&D innovation centers in the world, laying a solid foundation for building Socialism with Chinese characteristics into a modern power in an all-round way.
Scientific and technological innovation is the fundamental reliance of the country’s strength and the inexhaustible motive force for the party to govern the country. Scientific and technological innovation, as a strategic support to improve social productivity, international competitiveness, comprehensive national strength and national security, must be placed at the core of the overall national development.The exploration of the development path of independent innovation with China characteristics in the 14 Five-Year Plans is the practice of the Party’s leadership to promote the modernization of the scientific and technological governance system and governance capacity, and deepens the Party’s understanding of the law of scientific and technological development.
China has successfully embarked on a road of socialist industrialization with China characteristics.
During the first five-year plan period, the party led the people to explore the road of industrialization and experienced the transformation from new-democratic industrialization to socialist industrialization. During the "First Five-Year Plan" period, with the start of socialist industrialization, the party’s exploration of the road to industrialization experienced a transformation from new-democratic industrialization to Soviet socialist industrialization. During the period from the "Second Five-Year Plan" to the early period of the "Fifth Five-Year Plan", although the Communist Party of China (CPC) reflected on the lessons of the Soviet Union’s industrialization road, he also formed some theoretical innovations in dealing with the relationship between accumulation and consumption, China and foreign countries, agriculture and industry, and laid the foundation for the initial development of industrialization, but he did not break through the limitations of single public ownership and planned economy as a whole.
After the Third Plenary Session of the Eleventh Central Committee of the Communist Party of China was held in 1978, the Party’s successful exploration of Socialism with Chinese characteristics’s industrialization road was marked by the reform and opening up in the 1980s, the implementation of the strategy of rejuvenating the country through science and education and sustainable development in the 1990s, the proposal of Scientific Outlook on Development in the new century, and the new development concept put forward by the Fifth Plenary Session of the Eighteenth Central Committee, which was divided into three closely related development stages, namely, the late period of the Fifth Five-Year Plan to the early period of the Tenth Five-Year Plan, and the industrialization road with market-oriented reform and opening up as the main contents was initiated. From the late tenth five-year plan to the twelfth five-year plan, we will focus on exploring new industrialization with informationization, people-oriented, energy saving and emission reduction and sustainable development as the main contents; Since the 18th National Congress of the Communist Party of China, under the leadership of the CPC Central Committee with the Supreme Leader as the core and guided by the new development concept, the 12th Five-Year Plan has been successfully completed, and the international competitiveness of China’s industry has been significantly enhanced. In 2015, China’s high-tech products accounted for 25.8% of manufacturing exports, which not only exceeded the levels of Russian Federation (13.8%), Brazil (12.3%) and India (7.5%), but also exceeded the levels of the United States (19.0%), Japan (16.8%) and France (16.7%), profoundly affecting the global industrial chain, supply chain and value chain.
The "Thirteenth Five-Year Plan" and "Fourteenth Five-Year Plan" take the construction of ecological civilization as the main content, and explore the new industrialization road of "five modernizations" coordinated by greening. In 2018, China’s industrial added value (US dollar price in 2010) accounted for about 21.7% of the world, 1.56 times and 1.19 times that of the United States and the European Union, respectively. The proportion of goods import and export in the global market has increased from 11.9% in 2015 to 13.1% in 2019, ranking first in the world. China continues to maintain its position as the world’s largest manufacturing country and the largest country in goods trade, laying a solid foundation for moving towards an industrial power.
The exploration of socialist industrialization under the leadership of the Party in the 14 Five-Year Plans is an important part of the Party’s governance, a theoretical and practical innovation that the Party combines Marxist theory with China’s industrialization practice, and a pioneering work in the history of socialist industrialization in China and the world.
The party led the people to explore a government economic management model that conforms to the national conditions and the world development trend.
The five-year plan not only pays attention to the country’s economic development, but also attaches importance to economic system construction and economic system reform. Deepening reform and opening up and promoting institutional innovation are important components of the five-year plan and an important main line.
As far as macroeconomic management is concerned, in the first five-year plan, China experienced a transition from a new-democratic economic system to a highly centralized planned economic system, and the government’s economic function experienced a transition from the combination of planned management and market regulation based on various economic components to the administrative command plan based on single public ownership. During the implementation of the "First Five-Year Plan", the ownership structure of China’s economy gradually formed a single public ownership, and the plan became the only factor in the allocation of resources. The government used administrative means to force the allocation of manpower, material resources and financial resources throughout the country, ensuring the priority allocation of resources to heavy industry. The government has become the "all-round" allocator of economic resources, the national plan plays a fundamental and decisive role in the allocation of resources, and the space and scope for the market mechanism to play its role have gradually declined or even been cancelled.
Since the third plenary session of the Eleventh Central Committee of the Communist Party of China in 1978, China has experienced a transition from a transitional system combining planned management with market regulation to a socialist market economy system. Especially after the 14th National Congress of the Communist Party of China formally put forward the goal of market economy reform and emphasized the basic role of market regulation in 1992, planned management gradually changed from a mandatory plan to a guiding plan. The government gradually withdrew from the field of microeconomic management and gave way to market regulation. This also verifies Deng Xiaoping’s assertion that both planning and market are means to manage the economy. The planned economy has disappeared, but the five-year plan still exists and develops.
Government’s planned management and administrative intervention are playing an irreplaceable role in making up for "market failure" on the premise of maintaining the basic (decisive) role of market regulation. Under the socialist market economy system, it is necessary to make a five-year plan, but the five-year plan is more macroscopic, strategic and instructive, and all kinds of special planning, spatial planning and regional planning must clearly define the boundaries of their functions.
The areas where market mechanism fails and government efficiency is higher are the scope of government economic activities. The transformation of government’s economic function is a prerequisite for the market to play a decisive role in resource allocation. In the rapid change of economic system, the government’s economic function has changed from "all-round" to "efficient", and the market’s function of resource allocation has changed from denying the market’s role to playing its basic role and then playing a decisive role, which reflects the party’s deepening understanding of strengthening macroeconomic management.Giving full play to the decisive role of the market in the allocation of resources and giving full play to the role of the government is the fundamental follow-up for the future party leaders to formulate and implement the five-year plan, and it is also a major task for the party to govern the country.
[Author: China University of Mining and Technology (Beijing) School of Marxism, China Academy of Social Sciences Institute of Contemporary China]
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Thousands of protesters gathered near the White House to shout and criticize Biden for calling for a ceasefire in Gaza.

　　BEIJING, Nov. 5 (Xinhua) According to reports from Washington post, on the 4th local time, thousands of protesters supporting Palestinian rights gathered near the White House, calling for a ceasefire in the Gaza and demanding that the United States stop its aid to Israel.

　　According to reports, this is the largest pro-Palestinian protest in Washington, D.C. for many years, which ended with a parade that crossed the downtown streets of Washington and arrived at the White House.

　　According to reports, protesters from all over the United States gathered in Washington on the same day, and they poured into Freedom Square, a block away from the White House. On the assembly stage, the speaker led the crowd to shout "Liberation of Palestine" and "Cease fire immediately". Many people lashed out at US President Biden’s support for Israel.

　　The report pointed out that Biden became the target of most people’s anger, and many protesters threatened to express their opposition when they ran for the re-election of the US president in 2024. When Biden’s name was mentioned, the scene was booed.

　　"Now we understand the language that Biden and his party can understand, and what they can understand is the 2024 ballot," Nihad awad, executive director of the American Council on Islamic Relations, told the crowd. "No ceasefire, no votes!" The crowd also shouted back.

　　"No votes in Michigan, no votes in Arizona, no votes in Georgia, no votes in Nevada, no votes in Wisconsin, no votes in Pennsylvania, no votes in Ohio!" Awad said.

　　The Washington police said that they arrested one person at the scene that night on the charge of destroying property, who was involved in painting the word "Gaza" at McDonald’s near the White House. In addition, some people printed red handprints on the stone pillars around the White House and sprayed the words "Liberation of Palestine" on the statue in lafayette Square Park.

　　At present, the White House has not responded to the request for comment.

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Storm chasers face the natural crisis! ＂Tornado＂ restart version exposure notice


1905 movie network news Recently, the disaster film has been officially announced and will be released in North America on July 19th.


This film tells the story of Kate Cooper (decorated), a former storm chaser who was devastated by a tornado during her college years. Now she is studying storm patterns in new york. She and her friend Harvey (decorated) come to the open plain to test a breakthrough new tracking system. There, she met Taylor Owens (played) by chance. Taylor is a charming and reckless social media superstar, who likes to publish the adventure of chasing storms with his team. The more dangerous, the better.

With the coming of the storm season, unprecedented terrorist phenomena also appear. Kate, Taylor and their respective teams find themselves on the path where multiple storm systems meet, and these storm systems are meeting over central Oklahoma, and they will start a life-and-death struggle.

The film Tornado is produced by Lee Isaac Chung ("Minari"), written by Mark L. Smith () and starring Daisy Edgar-Jones, Glen Powell, Anthony Ramos, kiernan shipka and David Collens Wei. This film is a remake of the original of the same name in 1996, starring and directed by Jan de Bont, and the global box office is close to 500 million dollars.

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Six people were killed in protests in southern Iraq.

　　Xinhua News Agency, Baghdad, November 24 (Reporter Bai Ping) The Human Rights Committee of the Iraqi Parliament said on the 24th that six people were killed and 158 injured in demonstrations and protests in Basra and Zigar provinces in southern Iraq.

　　The Committee issued a statement saying that on the same day, Iraqi security forces and demonstrators clashed fiercely in Basra and Dhi Qar provinces, resulting in three deaths and 87 injuries in Basra province and three deaths and 71 injuries in Dhi Qar province.

　　The Committee called on demonstrators to demonstrate in designated areas to avoid any conflict with the security forces.

　　Since October, demonstrations and protests have broken out in many places in Iraq to protest against government corruption, poor service and high unemployment rate. Iraqi President Saleh announced on October 31 that the authorities are working on a new election law and reorganizing the election commission. After the relevant work is completed, he will approve the early election.

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Resumes of President People’s Republic of China (PRC) and People’s Republic of China (PRC) chairman of the Central Military Commission

　　Xinhua News Agency, Beijing, March 17th Resumes of President People’s Republic of China (PRC) and People’s Republic of China (PRC) chairman of the Central Military Commission

　　Resume of the supreme leader

　　Supreme Leader, male, Han nationality, born in June 1953, Fuping, Shaanxi Province, joined the work in January 1969, joined the Communist Party of China (CPC) in January 1974, and graduated from Tsinghua University College of Humanities and Social Sciences with a postgraduate degree and a doctorate in law.

　　At present, General Secretary of the Communist Party of China (CPC) Central Committee, Chairman CPC Central Military Commission, Chairman People’s Republic of China (PRC), chairman of the Central Military Commission, People’s Republic of China (PRC).

　　1969-1975 educated youth and party branch secretary of Liangjiahe Brigade of Wen ‘anyi Commune in Yanchuan County, Shaanxi Province

　　From 1975 to 1979, Tsinghua University Department of Chemical Engineering studied basic organic synthesis.

　　1979-1982 Secretary of the General Office of the State Council and the General Office of the Central Military Commission (active service)

　　1982-1983 Deputy Secretary of Zhengding County Committee of Hebei Province

　　1983-1985 Secretary of Zhengding County Committee of Hebei Province, First Political Commissar of the Armed Forces Department of Zhengding County and First Secretary of the Party Committee.

　　1985-1988 Member of the Standing Committee and Deputy Mayor of Xiamen Municipal Committee of Fujian Province

　　1988-1990 Secretary of Ningde District Committee of Fujian Province and First Secretary of Ningdejun District Party Committee.

　　1990-1993 Secretary of Fuzhou Municipal Committee of Fujian Province, Director of the Standing Committee of the Municipal People’s Congress, and First Secretary of the Party Committee of Fuzhou Military Division.

　　1993-1995 Member of the Standing Committee of Fujian Provincial Committee, Secretary of Fuzhou Municipal Committee, Director of the Standing Committee of the Municipal People’s Congress, and First Secretary of the Party Committee of Fuzhou Military Division.

　　1995-1996 Deputy Secretary of Fujian Provincial Committee, Secretary of Fuzhou Municipal Committee, Director of the Standing Committee of the Municipal People’s Congress, and First Secretary of the Party Committee of Fuzhou Military Division.

　　1996-1999 Deputy Secretary of Fujian Provincial Party Committee and First Political Commissar of Fujian Anti-aircraft Artillery Reserve Division

　　1999-2000 Deputy Secretary of Fujian Provincial Party Committee, Acting Governor, Deputy Director of National Defense Mobilization Committee of Nanjing Military Region, Director of National Defense Mobilization Committee of Fujian Province, and First Political Commissar of Fujian Anti-aircraft Artillery Reserve Division.

　　2000-2002 Deputy Secretary of Fujian Provincial Party Committee, Governor, Deputy Director of National Defense Mobilization Committee of Nanjing Military Region, Director of National Defense Mobilization Committee of Fujian Province, and First Political Commissar of Fujian Anti-aircraft Artillery Reserve Division.

　　(From 1998 to 2002, he studied in the postgraduate class of Marxist theory and ideological and political education in Tsinghua University College of Humanities and Social Sciences, and obtained a doctorate in law).

　　2002-2002 Deputy Secretary of Zhejiang Provincial Committee, Acting Governor, Deputy Director of National Defense Mobilization Committee of Nanjing Military Region, and Director of National Defense Mobilization Committee of Zhejiang Province.

　　2002-2003 Secretary of Zhejiang Provincial Party Committee, Acting Governor, First Secretary of Party Committee of Zhejiang Military Region, Deputy Director of National Defense Mobilization Committee of Nanjing Military Region and Director of National Defense Mobilization Committee of Zhejiang Province.

　　2003-2007 Secretary of Zhejiang Provincial Party Committee, Director of Standing Committee of Provincial People’s Congress, First Secretary of Party Committee of Zhejiang Military Region

　　2007-2007 Secretary of Shanghai Municipal Committee, First Secretary of Shanghai Garrison Party Committee

　　2007-2008 The Politburo Standing Committee (PSC), Secretary of the Central Secretariat and President of the Central Party School.

　　2008-2010 The Politburo Standing Committee (PSC), Secretary of the Central Secretariat, Vice Chairman People’s Republic of China (PRC), President of the Central Party School.

　　2010-2012 The Politburo Standing Committee (PSC), Secretary of the Central Secretariat, Vice Chairman People’s Republic of China (PRC), Vice Chairman CPC Central Military Commission, Vice Chairman the Central Military Commission (CMC) of the People’s Republic of China and President of the Central Party School.

　　2012-2013 General Secretary of the Central Committee, Chairman CPC Central Military Commission, Vice Chairman People’s Republic of China (PRC) and Vice Chairman the Central Military Commission (CMC) of the People’s Republic of China.

　　2013-General Secretary of the Central Committee, President CPC Central Military Commission, President People’s Republic of China (PRC), chairman of the Central Military Commission, People’s Republic of China (PRC)

　　Alternate member of the 15th CPC Central Committee, member of the 16th, 17th, 18th and 19th CPC Central Committee, secretary of the 17th members of the Political Bureau of the Communist Party of China Central Committee, Standing Committee and Central Secretariat, and general secretary of the 18th and 19th members of the Political Bureau of the Communist Party of China Central Committee. The first session of the 11th National People’s Congress was elected as the vice chairman of People’s Republic of China (PRC). The Fifth Plenary Session of the Seventeenth Central Committee was added as Vice Chairman CPC Central Military Commission. The 17th meeting of the 11th the National People’s Congress Standing Committee (NPCSC) was appointed as the vice chairman of the Central Military Commission (CMC) of the People’s Republic of China. The First Plenary Session of the 18th CPC Central Committee served as President CPC Central Military Commission. The first session of the 12th National People’s Congress was elected as President People’s Republic of China (PRC) and chairman of the Central Military Commission of People’s Republic of China (PRC). The First Plenary Session of the 19th CPC Central Committee served as President CPC Central Military Commission. The first session of the 13th National People’s Congress was elected as President People’s Republic of China (PRC) and chairman of the Central Military Commission of People’s Republic of China (PRC).

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Practice of National Power Investment Reform： Improving the Management Quality of Thermal Power Assets and Realizing ＂Zero Loss＂ of Coal Power-State-owned Assets Supervision and Administration Commiss

The employees of Qinyang Power Generation Company of Henan State Power Investment Corporation used to eat from the same big pot, and the cadres of enterprises were also hidden "iron chairs". The old employees were dissatisfied, and the young people were not passionate, so the enterprises seemed depressed, failed to develop, and even faced with losses for years.

After more than 10 years’ hard work, Qinyang Power Generation realized two-machine operation in 2020, but in 2021, it lost 440 million yuan in the first complete operation year after operation, and in 2022, it lost 208 million yuan, which will make ends meet, make a large loss, and face increasingly severe thermal power operation difficulties.

In order to solve this dilemma, Li Baoqing, director of the State Power Investment Corporation and deputy secretary of the Party Group, organized a research meeting for Qinyang Power Generation to turn losses into difficulties. Through the guidance of five departments and 21 experts, the Party Group of the State Power Investment Corporation opened a crucial process of penetrating the grassroots, directly hitting the pain points and solving problems with unprecedented determination and strength.

After half a year’s reform, Qinyang Power Generation has regained its vitality, which has become a new driving force for the "second venture" of Henan Power Investment Corporation, and has realized a new model of transforming traditional production-oriented enterprises into production-oriented enterprises.

A few days ago, the interview group "Entering New State-owned Enterprises, Reforming and Empowering New Development" jointly organized by the Propaganda Bureau of the State-owned Assets Supervision and Administration Commission and the News Center went to Henan State Power Investment Corporation to conduct in-depth research and interviews to understand the experience and development results since the three-year reform of the State Power Investment Corporation, as well as the latest achievements of reform in promoting high-quality development.

Make every effort to build a large-scale comprehensive green smart energy enterprise

Qinyang Power Generation is located at the foot of Taihang Mountain at the junction of Henan and Shanxi. It has two million kilowatt ultra-supercritical coal-fired power units. It is the key project of thermal power construction in Henan Province during the "Thirteenth Five-Year Plan" period and the supporting project of the Science and Technology Support Plan of the Ministry of Science and Technology "Development and Application of 1000MW Ultra-supercritical Power Units with High Efficiency and Wide Load Rate". It is also the "big pressure and small pressure" project of the original Danhe Power Plant.

At present, Qinyang Power Generation is the only stable heat source for industrial gas and urban heating in Qinyang City. It has independently developed Mengzhou 100MW wind power project and Xinjiang 1000MW photovoltaic+photothermal integration project, and is making every effort to build a large-scale comprehensive green smart energy enterprise.

Now, Qinyang Power Generation is a sample of intelligent digital power plant, and its operation economy is at the international leading level compared with similar units in steam turbine projects. The designed power supply coal consumption of the unit is 273g/kWh, which is the leading unit of coal-fired electricity energy-saving and low-carbon benchmarking in Henan Province, and it can generate 1 million kWh of electricity per hour, and its profit level is higher than that of similar units.

Qinyang Power Generation encourages employees to innovate independently. Because the shell of steam turbine and generator is made of special metal, it needs professional anti-corrosion technology, and a lot of money has been spent on anti-corrosion all the year round. In order to save production costs, Qinyang power generation workers independently studied the surface anti-corrosion technology of steam turbines and generators, and repeatedly experimented to find out the paint ratio. Only one third of the outsourcing cost was spent to complete the anti-corrosion work, which saved a lot of production costs and prolonged the service life of the unit.

Entering the centralized control room, six personnel on duty are carrying out the dispatching task of the whole plant. Wang Xinzhong, the chief value officer of the power generation operation department, introduced that APS one-button start-up, inspection robot and digital coal yard have all come to the forefront in the industry. In the face of the reform of the new power energy system, the energy consumption level of the unit is ahead of that of the same type of units in China. The environmental protection index of Qinyang Power Generation not only meets the national ultra-low emission standard, but also exceeds the environmental protection standard of gas units, and it is a real low-carbon environmental protection power supply.

In addition to intelligence, turning losses into profits is also the main task of Qinyang Power Generation. After the publication of the list and the establishment of the tackling key group, Wang Xiaoxiao, a 36-year-old boiler specialist, stayed at home for 24 hours, conducted experiments in the middle of the night, innovatively proposed a new coal blending scheme, and improved the combustion stability. With the joint efforts of him and the members of the tackling key group, he successfully divided the unit load into five sections and flexibly blended "five kinds of coal". Through this combined power generation mode, the fuel cost can be saved by nearly 4 million yuan per month, and the peak shaving technology has entered the first echelon of millions of units in China. Up to now, the peak shaving income is close to 50 million yuan.

The "life gate" to eradicate the problem of loss in successive years

Qinyang Power Generation has built a digital coal yard, where advanced technologies such as unattended bucket wheel machine, robot inspection and on-line detection of coal system have been applied. Through the grid management of coal yard, accurate coal stacking is realized; Unattended inspection and robot inspection of bucket wheel reduce the labor intensity of employees and improve the working environment; On-line detection of coal preparation evaluates blended coal combustion and guides combustion use.

Xing Xuguang, fuel operation management, said that in order to realize the company’s goal of turning losses into profits, Qinyang Power Generation changed its thinking of "old power plants" from "knowing how to produce" to "knowing how to operate".

Faced with the problem of heavy workload of employees, unsatisfactory coal slurry blending and fuel cost, Wang Bin, the monitor of Class 3 of Fuel Operation, found through continuous monitoring that when the coal quantity difference between the upstream and downstream belt weighers was more than 15 tons, he immediately organized personnel to clean up the coal chute, which could effectively avoid the blockage of the coal chute. This discovery effectively increased the amount of coal slurry, and the daily coal slurry loading increased rapidly from less than 500 tons to more than 2,000 tons, making a contribution to the company’s coal price control and reduction.

Qinyang Power Generation purchases 3.3 million tons of coal every year, accounting for more than 75% of the total cost, which can be said to be the most critical factor in determining whether it can turn losses around.

In order to seize the "life gate" of this year-on-year loss problem, Qinyang Power Generation formulated an incentive scheme for signing a long association coal contract and issued an incentive mechanism for cashing the long association coal contract. In 2023, the signing of Changxie coal contract achieved full coverage. In the first quarter, the cashing rate of Changxie coal reached 96%, and the unit price area of standard coal entered the factory was ahead of the standard, saving fuel costs by more than 32 million yuan year-on-year, creating a number of historic breakthroughs.

Resolutely change the "iron rice bowl" and "big pot rice"

Through the reform, Qinyang Power Generation has taken on a new look, and the employees are full of enthusiasm, which has solved the problem of "let me do it" and realized "the same growth of enterprise profits and employee income, and the sustainable and high-quality development of employees and enterprises".

From January to April this year, the cumulative profit of Qinyang Power Generation was 36.38 million yuan, a year-on-year decrease of 104 million yuan, setting a record for the same period in three years.

In 2023, the state power investment focused on "turning losses from thermal power", clearly and comprehensively improving the management quality of thermal power assets and realizing "zero loss" of coal-fired power.

In order to achieve this goal, Wang Hanzhong, chairman of the State Power Investment Henan Company, personally led a team to go deep into the grassroots level of Qinyang Power Generation for a week, eating and living with employees, and studying and formulating a good solution.

Through the discussion of "breaking the ice with thoughts, breaking through development, turning losses into difficulties" and the practical activities of "what can I do to turn losses into profits", we will ask the people and let the broad masses of workers become participants, supervisors and beneficiaries of the reform.

In order to achieve this goal and task, Qinyang Power Generation set up three assault teams, selected team leaders by exposing the list, decomposed the task objectives step by step and signed a military order, and took out 16.8 million yuan as a special reward, which was cashed in time and publicly commended, giving full play to the role of rewards and punishments to stimulate business improvement.

The new round of state-owned enterprise reform proposes to build a new management responsibility system in an all-round way. Advocating the spirit of contract, Qinyang Power Generation strengthened the market-oriented selection and employment, and 37 managers implemented "competition for posts and two-way selection", signed a letter of responsibility, and grasped the first level.

Qinyang Power Generation implemented organizational downsizing, reducing and merging three departments; Implement the slimming of middle-level cadres and streamline 9 people; The management personnel were slimmed down, and 11 managers took the initiative to apply for front-line positions.

Enterprises deepen reform, focusing on increasing vitality and improving efficiency. Qinyang Power Generation has established a differentiated salary distribution mechanism inclined to key positions and production lines. Incentive measures such as performance responsibility, revealing the list and immediate rewards have been fully rolled out, accurately pointing to outstanding contributors who "pull the cart to carry the work" and "work hard". After the reform, the income gap of the same post reached 1.5 times, and the highest income gap of different posts reached 8 times.

In just a few months, a series of heavy measures have been fully exerted and effectively instigated to make the mechanism alive, get together with enthusiasm, and ignite the hope of employees starting businesses.

Qiao Yongsheng, general manager of Qinyang Power Generation Co., Ltd. said that the company will fully implement the SASAC’s new round of efforts to deepen the reform of state-owned enterprises, sum up while reforming, improve while summing up, turn "pilot" into "demonstration" and "bonsai" into "landscape", help the State Power Investment Corporation achieve the grand goal of "first-class strategy in 2035" with high quality and make every effort to build a new state-owned enterprise with high-quality transformation and development in the new era.

[Editor: Feng Xue]

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Land requisition and demolition started! The planning scheme of Xi ‘an Hongqi Railway Park is being worked out.

Hongqi Railway, a freight dedicated line that has been in operation for 60 years, was once an industrial "lifeline" connecting Hongqi Factory in the northern suburb of Xi ‘an and Xi ‘an East Station (now Chanba Station). With the shutdown in 2018, the surrounding environment of Hongqi Railway is incompatible with the pace of building an international metropolis in Xi ‘an, which has become a "scar" within the city.

Since 2020, the news that Hongqi Railway will be transformed into a cultural park has been constantly spread, but the progress has been slow. When the Hongqi Railway will be reborn has become the focus of attention of the surrounding citizens in recent years.

A few days ago, the land acquisition and demolition work was started along the Hongqi Railway in Weiyang area, and the long-awaited Hongqi Railway Park will soon meet the public.

Hongqi special railway line that has been out of service for 6 years.

The special line of Hongqi Railway has been out of service since 2018, and it has been 6 years since then. In 2020, the transformation plan of building the railway into a theme park was put forward, but it was delayed to be implemented. The reason why it is difficult to rebuild the area along the line is that the land ownership of this line belongs to Xi ‘an Aeroengine Group Co., Ltd. (formerly Xi ‘an Hongqi Machinery Factory).

In 1958, Hongqi Machinery Factory, located in the north of Xi ‘an, was completed, and a dedicated freight railway line, which started from Xi ‘an East Station (now Chanba Station) of the former Longhai Line and ended at Hongqi Factory, was also opened, namely the dedicated red flag railway line. This railway line, which runs through the new urban area, weiyang district and Qujiang Daming Palace ruins, and reaches the Hongqi Factory in Xujiawan, has a total length of about 13 kilometers. It is the longest dedicated line in the main urban area of Xi ‘an. At the peak, the Hongqi Railway was used by 18 units, not only serving enterprises, but also undertaking some transportation tasks of steel, grain, oil and other resources in Xi ‘an.

With the development of urban construction in Xi ‘an, the transformation of transportation mode and the transformation of factory management, the demand for railway freight in urban areas has decreased. In 2018, Hongqi Railway chose to stop operating.

In recent years, the negative impact of this special railway line on urban planning and economic and social development in Xi ‘an has become increasingly prominent, and the surrounding areas along the railway line have gradually developed into large residential areas. It is imperative to transform this abandoned railway.

Four years ago, the transformation idea of theme cultural park was put forward.

There have always been many imaginations about how to rebuild the Hongqi Railway.

Judging from the transformation cases of existing waste railways in Xi ‘an, the theme park of Textile City Railway and the passenger transformation of Xihu Railway are two possible transformation directions.

In 2020, Qujiang Daming Palace Site Protection and Reconstruction Office released the related contents about the leisure ecological corridor of Hongqi Line (Railway) Wenlv (development project of Hongqi Special Line), which started from Hanyuan Road and ended at Fengcheng Fifth Road, with a total length of about 5.5 kilometers. The construction contents include the use of existing railway tracks, surrounding plots and underground space to create multiple values such as industrial heritage protection, ecological environment restoration, road traffic dredging, improvement of living environment and comprehensive supporting improvement.

According to media reports at that time, the planning scheme was not finally determined by the municipal government, so it is still unknown whether the final scheme is feasible.

Although the transformation plan has not been determined, the transformation of Hongqi Railway Dedicated Line into a theme cultural park has gradually become the most mainstream idea.

According to the planning contents revealed in recent years, the nature of urban green space is basically determined along the Hongqi Railway. In particular, the Regulatory Detailed Planning of Weiyang tuanjie village Area in Xi ‘an, which was published in the second half of 2021, mentioned that it will learn from the international industrial heritage reconstruction case to build the Hongqi Line Railway Ecological and Cultural Park. In the Master Plan of weiyang district’s Land and Space (2021-2035), Hongqi Railway Park was put forward as one of the plates in Xujiawan area aimed at "strategic emerging industries gathering place".

Land expropriation along the line started this month.

Once the news that Hongqi Railway will be transformed into a cultural park was disclosed, it aroused widespread concern among the public. However, the silence after the planning has also attracted constant questioning from the public.

In October 2023, some citizens inquired about the progress of the construction of Hongqi Railway Park through the Internet. Relevant departments replied that the area of Hongqi Railway Line is planned as urban green space, but the land ownership of this line still belongs to Xihang Company, and related work will be gradually promoted according to the overall urban planning.

On April 16th this year, the Natural Resources and Planning Bureau of Xi ‘an once again replied to the construction of the cultural park along the Hongqi Railway in Xi ‘an through the People’s Daily Online Leadership Message Board: the land ownership of the Hongqi Railway belongs to China Hangfa Xi ‘an Aero Engine Co., Ltd. and has not been included in the government reserve. At present, the municipal government has arranged a thorough investigation on the original site of the railway line and the surrounding land, and later, according to the new overall planning of land space and the actual development of the city, the land resources will be revitalized as a whole.

Before May Day this year, the transformation of Hongqi Railway ushered in new progress. According to the column of "Calendar of District Chief" in official website of weiyang district Municipal Government, on April 30th, a special meeting on land expropriation and reserve of Hongqi Railway Special Line was held.

On May 6th, Wang Xiaoyu, the mayor of weiyang district, investigated the land expropriation and reserve work of the special line of Hongqi Railway. That night, weiyang district released the tweet "The Land Requisition and Relocation of Hongqi Park and Its Surrounding Areas Began", introducing the work of Tanjia Street in promoting the land requisition and relocation of Hongqi Railway Park and its surrounding areas (Hongqi East Road-Yongtai Road Section). It was mentioned that as of the morning of May 6, the street had mobilized more than 120 merchants and enterprises, moved out of 15 households and vacated 800 square meters of land.

On May 6-7, official website, weiyang district Municipal Government issued three tender notices for ground demolition, building (structure) demolition and garbage removal of Hongqi Railway Park and its surrounding comprehensive reconstruction projects, involving Daming Palace Street, Tanjia Street and Xujiawan Street.

Xi ‘an Natural Resources and Planning Bureau: Planning scheme is being prepared.

The start of the demolition and reconstruction along the Hongqi Railway sends a new signal, which means that the Hongqi Railway Park will meet the public soon. On May 7th, a reporter from the China Business Daily came to the area where Hongqi Railway is located in Tanjia Street, weiyang district for a field visit.

It can be seen that the notice of Tanjia Sub-district Office has been posted at all intersections along Hongqi Railway, informing all units along Hongqi Railway that the land along Hongqi Railway is planned to be expropriated and utilized according to the work arrangement of the urban government, and all units and individuals located within the scope of expropriation and demolition along the railway are required to dismantle and move their belongings, vehicles, facilities and equipment, temporary houses, etc. from the site on May 8, 2024.

I also saw that a waste recycling station near Yongtai Road along the Hongqi Railway was being cleaned up and demolished. The owner said that a few days ago, the government uniformly informed them to build a park here, leaving a week for demolition, because it used to be a color steel house and a simple scaffolding, which was dismantled quickly, and where it will be moved later has not yet been determined. Across a wall on the south side of the waste recycling station, an engineering vehicle is demolishing the pavement masonry.

On the south side of Yonglong Road, the part along the Hongqi Railway used to be a living market. On the afternoon of May 7, the colored steel houses in the market were being demolished. Two elderly people who live nearby stood at the market gate and watched. They told reporters that there are more and more residential areas nearby. If a park can be built, it will be a great thing for the surrounding residents.

The part of Hongqi Railway on the north side of Yonglong Road was transformed into a parking lot before, and several excavators and engineering vehicles were parked in the courtyard. Cars keep leaving the parking lot. Security guards reminded pedestrians: "The parking lot will be closed in these two days. If there is your car in it, drive away as soon as possible, and then it will be transformed into a square."

At the northeast corner of the intersection of Hongqi Railway and Yonglong Road, there is a railway requisition and demolition headquarters of Hongqi Railway Park in Tanjia Street. The headquarters has posted a map of the current situation of the area along Hongqi Railway and a schematic diagram of the land acquisition and storage tasks of Hongqi Railway. From the publicity point of view, the leading group for the comprehensive transformation of Hongqi Railway Park and its surrounding areas has been established.

On May 8, the reporter from the China Business Daily learned from the Xi ‘an Natural Resources and Planning Bureau that the planning scheme of Hongqi Railway Park is currently under preparation.

There are typical cases of activation and utilization of railway dedicated lines.

Transforming cultural parks with abandoned railways is nothing new.

Looking at the whole country, Baixi Park in Shanghai is a successful example of the transformation of abandoned railways. Similar to the special line of Xi ‘an Hongqi Railway, the location of Shanghai Baixi Park was originally a freight railway branch line (Zhenru Line). In December, 1998, Zhenru Freight Railway Branch Line withdrew from the historical stage. It was used as Cao Yang Railway Farmers’ Market and Cao Yang Railway Comprehensive Market for 20 years, and it was closed in June, 2019 because of urban development.

Just two years later, in 2021, Baixi Park reappeared with a new attitude after urban renewal and met the public. Spatially, the park is divided into three layers, namely, a semi-underground floor, a ground floor and an aerial floor, which includes multiple functions such as sports, leisure and art exhibition, and is equipped with a large number of greening and public art installations.

The perspective turns to Xi ‘an, and the Textile City Railway Theme Park is also a very typical transformation case. The upgrading and reconstruction project of the railway theme park in Textile City is to activate and utilize the special railway line for freight transportation of textile enterprises in 1950s, reinforce and maintain six original warehouse buildings of textile enterprises on both sides of the railway, transform the pipe network, add landscape greening, etc., and introduce a variety of business economies to create a block park integrating historical humanities and leisure and entertainment consumption. At present, the first-phase motorcycle park and the second-phase railway theme park have been completed and put into use, making them a choice for Xi ‘an citizens to relax and punch in.

We also expect that the Hongqi Railway can be transformed into a cultural park as soon as possible to meet the citizens and glow with new vitality and vitality. Huashang Daily gale news reporter Bai Zhongxia

Source: Huashang. com-Huashang Daily

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