The dilemma of edible oil market behind Indonesia’s "oil ban"

Original Chen Shan Economic Observer

On April 22nd, local time, Indonesian President Joko announced that the export of palm oil and related raw materials would be suspended from the 28th. Indonesia’s "oil ban" immediately triggered a huge earthquake in the global edible oil market, and the international oil price rose sharply. For China, whose palm oil supply is almost 100% dependent on imports, how much impact will the Indonesian oil ban have?

Author: Chen Shan

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||| After the ban on Indonesian palm oil export, the price of Malaysian palm oil will definitely rise sharply. In this case, only when the price of palm oil in China rises synchronously can the import of enterprises be stimulated to ensure the market supply.

In fact, the import cost of palm oil in China is upside down, and the price of palm oil has surpassed that of soybean oil. It is rare in history that there has been such a long-term deep upside down. This year, because the price of palm oil has risen too fast and too high, soybean oil has replaced palm oil.

3 || From the price point of view, due to the high external dependence of vegetable oil in China, palm oil is 100% and soybean is 85%, the higher external market price will increase the cost of oil arrival in Hong Kong, thus raising the domestic vegetable oil price, and the short-term vegetable oil price will still be strong.

As the world’s leading producer and exporter of palm oil, Indonesia has recently suffered from the crisis of edible oil shortage.

On April 22nd, local time, Indonesian President Joko announced that the export of palm oil and related raw materials would be suspended from April 28th. In fact, 60% of the world’s palm oil is produced in Indonesia, but recently, the supply of edible palm oil has been insufficient and the price has risen in many places in Indonesia. It is reported that this move is to cope with the shortage of palm oil supply in Indonesia and prevent the price from continuing to rise.

Indonesia’s "oil ban" immediately triggered a huge earthquake in the global edible oil market, and the international oil price rose sharply. The price of soybean oil futures on the Chicago Mercantile Exchange (CBOT) soared to a record high of 83.21 cents, which drove the prices of the three major domestic oils to a record high. The data shows that since the beginning of this year, the international prices of soybean oil and palm oil have increased by nearly 50% and 40% respectively.

For China, whose palm oil supply is almost 100% dependent on imports, how much impact will the Indonesian oil ban have? Will the cooking oil crisis that is being staged in many countries be transmitted to China?

High dependence

High dependence In fact, almost all palm oil in China is imported, and it is highly dependent on Indonesian palm oil. At the same time, China is still the second largest palm oil importer and the third largest consumer in the world.

Palm oil is widely used in food industry and chemical industry, especially in instant noodles, puffed food, pastry and other processed foods. It is the second largest vegetable oil consumption in China after soybean oil. In 2019, China’s palm oil consumption exceeded 6.4 million tons, of which 60% came from Indonesia and 30% came from Malaysia. These two countries are also the largest palm oil producers in the world.

YiBo, a researcher of Founder Mid-term Futures, told the Economic Observer that after the ban on palm oil export in Indonesia, the demanding countries will have to turn to Malaysia, Argentina and other major vegetable oil exporters. However, due to the difficulty of other countries to make up for the reduction in Indonesia’s vegetable oil export, the effective supply in the market will be reduced, which will make the global vegetable oil supply tight, and suppliers may have a certain reluctance to sell and wait for growth, which will lead to the increase in the prices of palm oil and alternative oils. "China’s external dependence on palm oil is 100%, and soybean’s external dependence is over 85%. The increase in the price of oil and fat in the international market will increase the cost of oil and fat in China, which will lead to the increase in the price of palm oil and edible oil in China."

Zhou Shiyong, president of Beijing Heyirong Investment Group Co., Ltd. (referred to as Heyirong Group), bluntly said in an interview with the reporter of Economic Observer Network, "As an enterprise with an annual sales volume of 1 million tons of palm oil, the price fluctuation of palm oil has a great impact on the company. Domestic palm oil use has declined. "

It is reported that Heyirong Group is a diversified comprehensive group with investment, production and sales of bulk edible oil as the leading industry. Its products are mainly palm oil, soybean oil, rapeseed oil and cotton oil, and its Yizheng Fangshun Grain and Oil Industry Co., Ltd. became the designated delivery warehouse of palm oil in Dashang in 2007.

Zhou Shiyong believes that the ban on Indonesian palm oil exports will definitely lead to a sharp rise in Malaysian palm oil prices. In this case, only the simultaneous increase in China palm oil prices can stimulate enterprises to import and ensure market supply.

It is understood that since November last year, many palm oil producers in Indonesia have increased their exports in order to obtain higher profits, but this has also led to insufficient domestic supply in Indonesia. In January this year, the Indonesian government has restricted some export activities and provided cash subsidies to low-income groups. However, these measures have not effectively alleviated the supply shortage, and the price of palm oil is still rising. At present, the average retail price of edible palm oil in Indonesia is 26,000 Indonesian rupees per liter, which is about RMB 12 yuan, with an increase of over 40% during the year.

It is reported that in Indonesia, palm oil is the main local edible oil variety, while the export products are more widely used, including food processing, chemicals and biofuels.

Will Indonesia palm oil ban be implemented for a long time?

YiBo believes that this policy will not be implemented for a long time for the following reasons: First, Indonesia’s palm oil production is far greater than its demand. In 2021, Indonesia’s palm oil production is 33.67 million tons, far greater than its demand of 15.28 million tons, and it has palm oil export demand. Second, Indonesia’s DOM policy on palm oil and coal export ban policy were implemented in a short time, and export policies were changed frequently. Third, palm oil is one of Indonesia’s major export products. Therefore, to sum up, Indonesia will resume its export once again after the domestic edible oil price falls effectively. It is only speculated that tariffs may continue to be raised from the perspective of curbing domestic vegetable oil prices.

Zhou Shiyong also believes that Indonesia’s palm oil export ban will not be implemented for a long time. "Indonesia’s palm oil tank capacity is limited. If it is not exported for a month or two, the tank will be full." Zhou Shiyong believes that the main purpose of Indonesia’s ban is to increase domestic inventory supply and suppress domestic oil prices.

Meyer of Platts Energy said, "In view of Indonesia’s dependence on palm oil exports, a long-term ban may seriously damage Indonesia’s economy. In addition, this is not the first time that Indonesia has announced similar actions after the outbreak of the Russian-Ukrainian conflict. This is only to quickly reverse the situation. " Meyer added that the ban scheduled to start on April 28 may eventually lead to an increase in export tariffs, but it will not lead to a complete closure of exports. In addition, Meyer also pointed out that there is no shortage of palm oil supply in Indonesia, and the supply of palm oil in 2021/2022 is actually higher than last year, and it is much higher than the historical level.

price distortions

In fact, the import cost of palm oil in China is upside down, and the price of palm oil has surpassed that of soybean oil. It is rare in history to have such a long-term deep upside down. Judging from the domestic futures market, as of press time, the main contract of soybean oil was 11,306 yuan/ton, and the main contract of palm oil was 11,560 yuan/ton.

Zhou Shiyong told reporters that palm oil is usually cheaper than other vegetable oils, and it is often used to replace other oils, and there are few cases where other oils replace palm oil. However, because the price of palm oil has risen too fast and too high this year, soybean oil has replaced palm oil. "In other words, the use of palm oil has fallen sharply, and domestic industrial enterprises that are basically just needed are still using it." Zhou Shiyong said.

Zhou Shiyong said that the price of palm oil is already at an all-time high, which has a great impact on production and operation enterprises. Especially the impact on the domestic food industry is very obvious. "Palm oil is an important raw material. For food production enterprises, there is a big problem in cost control."

The reporter noticed that the rising prices of raw materials such as palm oil have been transmitted to the middle and lower reaches. Since the beginning of this year, instant noodle giants including Master Kong and Uni-President have raised prices. Guotai Junan once pointed out in the research report that as of February 14, 2022, the price of palm oil increased by 44.6% year-on-year. It is expected that the adverse impact of changes in raw material prices on Master Kong will last at least until the second half of 2022.

According to Zhou Shiyong, due to the rising prices of edible oil and flour, the operating rate of small and medium-sized food enterprises has been very low this year, and small and medium-sized enterprises are basically in a state of semi-suspension.

After the historical high of palm oil, oil operators are also more cautious, basically keeping a small inventory in turnover. At the same time, the epidemic has also restricted the consumption side, and oil operators generally hold a wait-and-see mentality.

"Our current palm oil sales are mainly to protect our just-needed customers, because the import price is very serious now, about 1000 yuan/ton, and importers can’t import it, because imports are facing losses. In this case, they can only import in small batches according to the needs of downstream just-needed customers, and it is difficult to have large-scale and continuous purchases as before." Zhou Shiyong said.

So, who is the driving force behind the historical high price of palm oil?

"The supply of palm oil in food has decreased, leading to high prices." In Zhou Shiyong’s view, first, the supply of major producing areas in Indonesia and Malaysia has declined. In the past two years, under the influence of the COVID-19 epidemic, the shortage of labor in the main producing areas and the untimely harvest of palm fruit led to a decline in output; At the same time, due to the reduction of fertilization and watering during the epidemic, the yield also declined. Second, in 2019, the Indonesian government launched the B30 plan for biodiesel, stipulating that 30% of palm oil biofuels must be blended into diesel, which increased the amount of palm oil converted into biodiesel.

Edible oil crisis

It is worth noting that the data released by the Food and Agriculture Organization of the United Nations on April 8 showed that the vegetable oil price index increased by 23.2% in March. Affected by the COVID-19 epidemic, extreme climate and the conflict between Russia and Ukraine, the international edible oil price has soared, and many countries, including Britain and Germany, even have a shortage of edible oil, and many places are experiencing an edible oil crisis.

The reporter learned from many interviews that the formation of the edible oil crisis is mainly affected by four factors.

First, La Nina phenomenon has led to a sharp reduction in both Canadian rapeseed and soybean production in South America, and the global inventory consumption ratio of oilseeds is in a historically low region. Second, the shortage of labor supply in Malaysia has led to a slow recovery of horse palm production. Third, the geopolitical conflict between Russia and Ukraine has greatly hindered the export of vegetable oil in the Black Sea region. The export volume of vegetable oil in the Black Sea region, including sunflower oil and rapeseed oil, is about 1.2 million tons per month, which has aggravated the global shortage of vegetable oil. It is reported that Ukraine and Russia supply 80% of the world’s sunflower oil exports, while due to the conflict between Russia and Ukraine, Ukraine reduced its sunflower oil exports by 95%, while Russia began to export sunflower oil on April 15th.

In addition, under the background of rising crude oil prices, the profit of biodiesel has improved, and the dispute between edible oil and renewable fuels has also become one of the driving forces for the rise of edible oil prices. Since the beginning of this year, the price of crude oil once exceeded $100/barrel. Palm oil is the best main raw material for biodiesel, and its price is also positively correlated with the price of crude oil. If the price of crude oil rises, the usage of biodiesel will increase, thus increasing the industrial demand of palm oil.

Compared with the violent fluctuation of global edible oil price, the domestic edible oil market has the characteristics of less price fluctuation due to the adjustment of the price (soybean oil) and dumping. According to the data from the National Bureau of Statistics, the price of edible oil in China rose by 6.9% in 2021, far lower than the 65.8% increase of global edible oil. In 2022, although the domestic edible oil price has been rising for several weeks, the overall range is not large.

Will the overseas cooking oil crisis be transmitted to China?

"High overseas prices will definitely be transmitted." According to Zhou Shiyong, judging from the three major consumption oils in China, rapeseed oil and palm oil have increased obviously, while soybean oil has also increased passively. In the case of a general increase in overseas edible oil, there is bound to be a cost-driven increase.

YiBo also believes that from the price point of view, due to the high external dependence of vegetable oil in China, the external dependence of palm oil is 100% and that of soybean is 85%, the higher price in the external market will increase the cost of oil arriving in Hong Kong, thus raising the domestic vegetable oil price, and the short-term vegetable oil price will still be strong.

However, in terms of supply, YiBo said that from April to June, 2022, China’s soybean arrived in Hong Kong with an average of more than 8 million tons per month, and the national reserves were intermittently dumped, which was relatively sufficient in the short term, and in the medium and long term, Indonesia’s export ban would not be implemented for a long time. Once Indonesia’s palm oil exports returned to normal and palm oil itself entered a production increase cycle, the tight supply pattern of vegetable oil would gradually ease, and the price would be expected to fall back at a high level.

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Original title: "The dilemma of edible oil market behind Indonesia’s" oil ban ""

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Take Chinese medicine and western medicine together, and the therapeutic effect is better? How to alleviate the difficulty of buying medicine? Look →

December 14th

The State Council joint defense joint control mechanism held a press conference.

Ministry of Industry and Information Technology, National Health and Wellness Commission,

Relevant departments of the National Bureau of Disease Control and Prevention

Responsible comrades and relevant experts attended the conference.

Introduce medical and health services and drug production and supply.

Do a good job in the treatment of COVID-19 patients and

Daily medical service

△ Mi Feng, spokesperson of the National Health and Wellness Commission and deputy director of the Propaganda Department

At present, the goal of epidemic prevention and control is to protect health and prevent serious diseases, and the urgent task is to ensure the people’s medical treatment. Medical institutions at all levels are optimizing their processes, expanding their resources, increasing their strength, making overall plans for epidemic prevention and control, COVID-19 patient treatment and daily medical services, and making every effort to solve the urgent problems of the masses.

It is necessary to play the role of the urban and rural three-level medical and health service network and strengthen the classification and treatment of infected people; Give play to the role of community medical and health institutions and internet hospitals to facilitate the masses to obtain health consultation, medical guidance and appointment diagnosis and treatment services; Strengthen the health management and health monitoring of risk personnel, and effectively ensure that the elderly, pregnant women, children and patients with chronic basic diseases receive timely, effective and convenient medical services.

It is necessary to speed up vaccination, especially to strengthen immunization. Recently, the comprehensive group of joint prevention and control mechanism in the State Council issued a plan to deploy the second dose of intensive immunization among people with high risk of infection and the elderly over 60 years old.

At present, the people’s demand for post-infection drugs in Covid-19 is obviously increasing, so what have we done to ensure drug production?

△ Zhou Jian, Deputy Director of Consumer Goods Industry Department of Ministry of Industry and Information Technology

First, focus on key points and go all out to ensure stable production and production. In view of the related drugs mentioned in the novel coronavirus Diagnosis and Treatment Plan (Ninth Edition) and the Guidelines for Intervention of Covid-19 Infected Persons with Traditional Chinese Medicine at Home, we have further increased the protection of production factors for these production enterprises, and included relevant production enterprises and key supporting enterprises in the white list management to ensure stable and orderly production and supply.

Second, take multiple measures to accelerate the expansion of key enterprises. Help enterprises to work out the plan of increasing production and expanding capacity by "one medicine and one policy", and find ways to tap the existing production capacity and further increase product output through technical transformation, new production lines and commissioned production.

The third is accurate delivery to ensure the drug demand of key populations. We guide relevant parties in all localities to formulate work plans, and give priority to ensuring the supply of drugs in key places such as medical institutions and nursing homes in accordance with the principle of giving priority to patients and accurate delivery. At the same time, large-scale online pharmacies are organized to develop online drug purchasing platforms for patients, and drugs can be distributed to patients in time through real-name authentication and uploading antigen testing certificates.

China’s pharmaceutical industry has a solid foundation. I believe that with the joint efforts of all parties, the production capacity of related drugs will be released soon, which can effectively protect the people’s drug demand.

Can common western medicine and Chinese patent medicine be eaten together to treat Covid-19 infection? Will it be better to eat several kinds of Chinese patent medicines together?

△ Liu Qingquan, Dean of Beijing Hospital of Traditional Chinese Medicine

From our research and clinical observation, Chinese patent medicine and western medicine, such as antipyretic and analgesic drugs, can be used in combination. To be on the safe side, from the perspective of Chinese medicine, Chinese medicine and western medicine should be eaten half an hour apart, which will be more safe. Traditional Chinese medicine and western medicine, especially traditional Chinese medicine for treating colds and western medicine for relieving fever and pain, can complement each other, and can solve the symptoms of fever, joint pain, fatigue, sore throat and cough of Covid-19 infected people quickly and permanently.

In recent decades, there have been Chinese and western medicine compound preparations made of Chinese medicine and western medicine in China, which are very good drugs for treating colds. In fact, these two drugs are taken together. We also checked the literature, and found no reports of adverse reactions between drugs for treating colds and antipyretic and analgesic drugs in traditional Chinese medicine. However, our advice is not to combine several drugs, including traditional Chinese medicine and western medicine, and not to think that the symptoms will be relieved in a few minutes, ten minutes or an hour after taking the medicine, which is not so fast. As a result of this combined use, there will be overlapping drug doses, which will have certain risks and the curative effect will not be improved. If the "Chinese patent medicine" we take contains ingredients that add western medicine to relieve fever and pain, we should pay attention to it when we use it in combination with other western medicines, otherwise there will be side effects after the drugs are superimposed.

Therefore, at present, generally speaking, the combination of traditional Chinese medicine and western medicine has a very good effect on quickly relieving the symptoms of the disease and making patients feel comfortable.

Public opinion reflects the shortage of medical resources and the difficulties for people to seek medical treatment in some places. How should we solve this problem?

△ Jiao Yahui, Director of the Department of Medical Administration of the National Health and Wellness Commission

In view of the prominent demand for diagnosis and treatment in fever clinics and the rapid growth, we have taken a series of measures.

First, further expand the supply of medical resources and medical services. We require all hospitals above the second level and primary medical and health institutions to open fever clinics or fever clinics, and we have been vigorously promoting this matter recently. According to statistics, as of 12: 00 on December 14th, there were more than 14,000 fever clinics in hospitals above the second level in China, and more than 33,000 fever clinics or consultation rooms were set up in primary medical and health institutions. While increasing the number of fever clinics or clinics, we also further simplify the process of fever clinics and improve service efficiency.

The second is to promote graded diagnosis and treatment. On the one hand, in cities, medical associations are used as carriers, and in rural areas, county medical associations are used as carriers to promote the graded diagnosis and treatment of COVID-19 and other medical services. Let the urban and rural tertiary networks and medical institutions implement their respective functional positioning. Health monitoring is mainly implemented at the grassroots level, especially the health monitoring and health management of key populations; Secondary hospitals provide technical support in all aspects of technology and manpower to meet the needs of general diagnosis and treatment; Tertiary hospitals focus on meeting the needs of diagnosis and treatment of critically ill patients. Through graded diagnosis and treatment, build a reasonable and orderly medical order.

The third is to vigorously promote Internet medical services. Through Internet medical treatment, according to the diagnosis and treatment plan and the guide of home treatment, we will prescribe corresponding prescriptions for patients with COVID-19’s symptoms, and provide corresponding drugs through offline third-party distribution. At the same time, we also require medical institutions to provide 24-hour online consultation and medication guidance, as well as time-sharing appointment services. In this way, the instantaneous peak of medical institutions can be reduced, the gathering of people can be reduced, and the risk of cross-infection when people go to the hospital offline can be reduced.

Fourth, continuously optimize the process of fever clinic, general clinic and hospitalization. By optimizing the medical treatment process, it will provide greater convenience for the broad masses of people to go to medical institutions for medical treatment.

What is the docking mechanism between community and specialized medical institutions? How to ensure that the elderly and patients with chronic diseases get timely, effective and convenient medical services?

△ Gao Guangming, Deputy Director of the Medical Emergency Department of the National Health and Wellness Commission

In accordance with the principle of "health monitoring, classified management, up-and-down linkage and effective treatment", we scientifically coordinate regional medical resources and improve the efficiency and continuity of medical services. In the process of deepening medical reform, we have been actively promoting the construction of urban medical associations and county medical associations, and strengthening the communication, coordination and interaction of medical resources, which has been effective for many years. In the three-level medical service system, the upper and lower referral channels are unblocked. Therefore, the docking mechanism we are talking about has actually been established in the past.

After the implementation of the "new ten articles", patients with mild symptoms, asymptomatic and stable basic diseases are still recommended to be isolated at home and treated at home. Medical institutions can provide rehabilitation guidance and psychological support for family members through online and offline methods such as remote guidance and Internet medical care. For patients with severe illness and severe high-risk factors, they can go to designated hospitals for treatment. If the basic disease is serious and needs to be treated in general and specialized hospitals, you can contact the community health service institutions around you and help them to refer. When the situation is urgent, you can also go directly to the relevant medical institutions for treatment.

What is the population range of the second dose of Covid-19 vaccine? When will the vaccination begin?

△ Xia Gang, Director of the Department of Health and Immunity, National CDC

In order to better protect people’s health and life safety, according to the approval of vaccine research and development and emergency use, recently, the the State Council Joint Prevention and Control Mechanism has further adjusted and improved the vaccination strategy in Covid-19. People with high risk of infection, people over 60 years old, people with serious basic diseases and people with low immunity can be given the second dose of booster immunization six months after completing the first dose.

At present, all 13 vaccines approved for conditional marketing or emergency use can be used for the second dose of booster immunization, including 4 newly added vaccines for emergency use. Priority is given to sequential booster immunization, or vaccines containing Omicron strain or having good cross-immunity to Omicron strain. For details, you can pay attention to the relevant information released by official website.

We are guiding local organizations to carry out relevant work. Please pay attention to the relevant information released locally and carry out vaccination according to local specific work arrangements.

Recently, the epidemic data of COVID-19 released by the state showed a downward trend, but why is it inconsistent with the public perception? Why not publish information about asymptomatic infected people? How to monitor and report epidemic information in the next step?

△ Li Qun, Director of the Emergency Center of China CDC

Recently, the incidence data reported in various places have declined, which is inconsistent with the public’s perception. There are two main reasons:

On the one hand, after the adjustment and optimization of prevention and control measures, all parts of China no longer carry out full-time nucleic acid screening according to administrative regions. Except for key populations and key institutions, most people carry out nucleic acid testing in a "willing to do everything" way, so the total number and total number of nucleic acid screening in China have declined, and the data reported by medical institutions at all levels in various places have decreased accordingly.

On the other hand, asymptomatic infected people, mild cases, especially those with positive antigen self-test choose home treatment, and they no longer need to go to the hospital, so the relevant information of this group of people can not be included in the statistical data of medical institutions.

Regarding the second question, why did you cancel the announcement of asymptomatic infected people? After the implementation of the "willing to check and check" measure, it is difficult to accurately grasp the actual data of asymptomatic infected people because many asymptomatic infected people no longer participate in nucleic acid testing and no longer need to go to medical institutions for treatment. Therefore, starting from today, the data of asymptomatic infected people will no longer be published. However, for asymptomatic infected people who have been found, grassroots medical and health institutions continue to guide them to do a good job in home health monitoring, care for their health and provide corresponding services.

In the next step, we will continue to focus on the network direct report of China Disease Prevention and Control Information System, and require all kinds of medical institutions at all levels to do a good job in monitoring and reporting medical cases. At the same time, we will carry out various forms of monitoring, such as the corresponding monitoring with the influenza sentinel hospital monitoring system, and strengthen the monitoring of key institutions such as pension institutions, psychiatric hospitals, welfare institutions, schools and medical and health institutions. It is hoped that through monitoring, the scale, intensity and scope of the epidemic and the variation of the virus can be grasped in time, and the epidemic situation can be judged in time to provide scientific basis for formulating strategies and measures for epidemic prevention and control.

Vaccinate with COVID-19 vaccine

Is an effective means to prevent COVID-19.

Tian Xiaohe reminds citizens and friends.

Vaccination can scan the QR code below in advance.

Inquire about the location of vaccination points

Original title: "Chinese medicine and western medicine are eaten together, and the therapeutic effect is better? How to alleviate the difficulty of buying medicine? Look →

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State Bureau launches new electronic tax bureau and digital invoice technology and application visual question answering.

In order to further promote the function of the new electronic tax bureau and enhance the taxpayer’s digital tax payment ability, the State Bureau hosted the new electronic tax bureau of the Provincial Bureau and the visual Q&A on the technology and application of digital invoices (No.179). Answering questions focuses on the interpretation of urban land use tax policy, the declaration process, the issuance of digital invoices, etc., combined with high-frequency questions on-site answering questions, to help taxpayers accurately grasp the electronic tax process. In the visual Q&A, the concepts, characteristics, declaration points, taxation scope and tax rate standards of property tax and urban land use tax were explained respectively, and high-frequency questions were answered. At the same time, the operation steps, declaration process, query and correction of declaration details, and how to issue digital blue-ink invoices and red-ink invoices are introduced and demonstrated in detail.

The visual Q&A had a total of 1,648 viewers, and received more than 6,400 likes during the Q&A period, and received 33 questions from taxpayers, including 27 from the anchor online and 33 from the Q&A assistant. The overall response of the visual Q&A was good, and 16 comments were received from taxpayers, such as "I hope to explain it for a long time", "The teachers made it very clear" and "I finally understood it thoroughly", which highly praised the clarity of policy interpretation and the practicality of operational guidelines.

The tax service center of the State Bureau will continue to be guided by the needs of taxpayers and payers, deepen the electronic tax service, and help optimize the tax business environment. The first is continuous promotion. Through the combination of online and offline, special training will be carried out to expand the awareness and utilization rate of the new electronic tax bureau and digital invoices. The second is service upgrade. Through the 12366 "reverse pull-up" operation, more high-frequency services can be guided face to face online. The third is feedback closed loop. Improve the taxpayer’s demand response mechanism, collect relevant questions and bring them into the feedback range of system optimization. In the next step, the tax and fee service center of the State Bureau will continue to optimize the "office-inquiry collaboration" service, and closely focus on the needs of taxpayers through online visual Q&A, offline training and accurate push mechanism to help taxpayers pay taxes efficiently. (Text/Aba Prefecture Taxation Bureau)

Sichuan CDC reminds to prevent high-incidence infectious diseases

In addition, the disease control department specially reminds you not to play with or touch wild animals or stray animals when visiting parks, zoos, grasslands, wetlands, etc. during holidays, because cats, dogs, parrots, marmots and other animals are at risk of spreading diseases.

Influenza and Covid-19 infection

Influenza is an acute respiratory infectious disease caused by influenza virus. Typical clinical manifestations are sudden onset of high fever, dry cough, nasal congestion, runny nose and sore throat, accompanied by systemic symptoms such as muscle aches, fatigue and loss of appetite.

Covid-19 infection is an acute respiratory infectious disease caused by Covid-19. The main clinical manifestations are dry throat, sore throat, cough, fever, etc. (mostly moderate to low fever, some may be high fever); Some may be accompanied by muscle soreness, loss or loss of smell and taste, nasal congestion, runny nose, diarrhea, conjunctivitis, etc. A few patients’ condition continued to develop and pneumonia appeared.

Preventive measures:

1. Maintain good personal and environmental hygiene, balanced nutrition, moderate exercise, adequate rest, avoid excessive fatigue, develop sanitary habits and lifestyles such as washing hands frequently, wearing masks in closed public spaces, using public chopsticks, and maintain good indoor ventilation;

2. Vaccinate against influenza and COVID-19 to reduce severe illness and death;

3. Pay attention to the health status of yourself and your family, and see a doctor as soon as possible if you feel the symptoms get worse.

dengue

An acute infectious disease caused by the transmission of dengue virus through Aedes mosquitoes, usually in summer and autumn. The route from the patient/recessive infected person to Aedes mosquitoes to healthy people continues to spread, and the disease will not be transmitted directly from person to person. People are generally susceptible.

If you have been to a country or region where dengue fever is prevalent in the past two weeks, or have had dengue fever cases within one month around your place of residence or workplace, you should consider the possibility of contracting dengue fever when you have sudden fever (sometimes up to 39°C), obvious fatigue, anorexia, nausea, etc., often accompanied by severe headache, orbital pain, muscle pain all over your body, osteoarthralgia and other symptoms, and may be accompanied by flushing on your face, neck, chest and conjunctival congestion.

If a person has a high fever (sometimes as high as 40℃) lasting for 2-7 days, accompanied by two of the following symptoms-headache, orbital pain, muscle and joint pain, nausea, vomiting, swollen glands and rash, and has recently been to work, live or travel in dengue endemic areas, and dengue fever occurs in his own living and activity community, street or even city, he should consider that he may be infected with dengue fever. At this time,

Prevention and control measures:

1. Wear long-sleeved underwear, try to choose light colors, and use mosquito repellent and other mosquito repellent products when going out to avoid being bitten by mosquitoes.

2. Install screen doors and screens. Mosquito-repellent incense and mosquito-repellent aerosol can be used indoors to kill mosquitoes.

3. If you are suspected to be infected with dengue fever, you need to see a doctor in time and take the initiative to explain the possibility of dengue fever. Please cooperate with the local health department and be hospitalized for isolation treatment.

Hand, foot and mouth disease and herpetic angina

Hand, foot and mouth disease and herpetic angina are common infectious diseases caused by enterovirus infection in infants. It can occur all year round, with the peak in autumn and winter in October-November. The incidence of hand, foot and mouth disease is high in children under 5 years old, and the incidence rate is the highest in infants under 3 years old; Herpes angina is high in children under 6 years old.

The clinical manifestations of hand, foot and mouth disease are rash or herpes on hands, feet, mouth and buttocks of children, mostly accompanied by fever (about 38 degrees Celsius); Children with herpetic angina have a rapid fever, and the temperature is high, mostly around 39-40 degrees Celsius. Herpes only exists in the mouth, usually with sore throat and drooling.

The vast majority of children can recover within a week, and a very small number of critically ill children progress rapidly, which may be complicated with encephalitis, meningitis, myocarditis, pneumonia, etc. If not treated in time, it may be life-threatening.

Preventive measures:

1. Washing hands frequently and maintaining good hand hygiene are the simplest and most effective preventive measures! Wash your hands with hand sanitizer or soap before and after meals and after going out. Nurses should wash their hands before touching children, changing diapers for children and handling children’s feces.

2. Avoid contact with children with hand, foot and mouth disease.

3. Keep the family environment clean, the bedroom should be ventilated frequently, and the clothes and quilts should be dried frequently.

4. Eat a balanced and reasonable diet, ensure high-quality sleep, exercise properly, and improve your immunity.

5. Vaccination with enterovirus 71 (EV-A71) vaccine can effectively prevent related infections caused by EV-71 virus.

6. Children should go to medical institutions in time when they have related symptoms.

Norovirus infection and rotavirus infection

Norovirus infection can occur all year round, and the main manifestations after infection are vomiting and diarrhea. People of all ages are generally susceptible, and children belong to high-risk susceptible groups. The high incidence season is from October to March of the following year. The main routes of transmission include human-to-human, water and food transmission. Contact with patients or their contaminated items, eating or drinking food or water contaminated by viruses may be infected.

Rotavirus infection is one of the main pathogens of acute gastroenteritis in children around the world. Infants and young children infected with rotavirus are mainly manifested as vomiting and diarrhea, accompanied by fever and frequent defecation, which is watery or egg drop soup, and generally has no foul smell. The clinical manifestations can be summarized as "three more and one less", that is, more stools, more water, more times and less urine. The high incidence season is from October to February of the following year. Most of the children are infants from 6 months to 2 years old. Older children and adults usually show no symptoms or mild symptoms after infection.

Preventive measures:

1. Keep the disease from the mouth and adhere to the nine-character policy of "washing hands frequently, drinking boiled water and eating cooked food";

2. When making food, separate raw and cooked food, eat cooked sea and aquatic products, and fully heat the separated food before eating;

3. Reduce contact with diarrhea patients;

4. After going out and returning home, wash your hands carefully before contacting the infants at home;

5. Vaccination with oral attenuated rotavirus live vaccine is the best way to prevent infection in children under 5 years old;

6. If vomiting and diarrhea are particularly serious, you should seek medical advice in time.

Ministry of Industry and Information Technology: In 2022, the industrial added value accounted for 33.2% of GDP, and the manufacturing scale ranked first in the world for 13 consecutive years.

  CCTV News:On the afternoon of March 1st, the State Council Press Office held a series of press conferences on the theme of "Opening by Authorities", introducing the situation of "accelerating new industrialization, making it stronger and better, and expanding the real economy" and answering reporters’ questions.

  Jin Zhuanglong, Minister of Industry and Information Technology, said that promoting new industrialization is an inevitable requirement for realizing Chinese modernization, a fundamental support for building a socialist modernization power in an all-round way, an urgent need for building a competitive advantage of a big country, and a strategic choice for achieving high-quality economic development.

  Since the 18th National Congress of the Communist Party of China, under the strong leadership of the CPC Central Committee with the Supreme Leader as the core, the pace of new industrialization in China has been significantly accelerated. Introduce from five aspects:

  First, the industrial system is more sound. China has 41 industrial categories, 207 industrial categories and 666 industrial subcategories, and is the only country in the world that has all the industrial categories in the United Nations industrial classification.

  Second, the industrial scale has further grown. In 2022, the total industrial added value exceeded 40 trillion yuan, accounting for 33.2% of GDP, and industry played a ballast role in the macroeconomic market. Among them, the added value of manufacturing industry accounts for 27.7% of GDP, and the scale of manufacturing industry has ranked first in the world for 13 consecutive years. 65 manufacturing enterprises were shortlisted in the list of the world’s top 500 enterprises in 2022, and the number of specialized and innovative small and medium-sized enterprises reached more than 70,000.

  Third, the industrial structure continued to be optimized. High-tech manufacturing accounts for 15.5% of the added value of industrial enterprises above designated size, and equipment manufacturing accounts for 31.8% of the added value of industrial enterprises above designated size. The output of new energy vehicles and photovoltaics has remained the first in the world for many years. The transformation and upgrading of traditional industries have been accelerated, and the digital green transformation has achieved remarkable results, and 45 national advanced manufacturing clusters have been cultivated.

  The fourth aspect is the accelerated development of the digital economy. China’s mobile communication has achieved the leap-forward development of 2G following, 3G breakthrough, 4G synchronization and 5G leading, and built the world’s largest and technologically advanced mobile communication network. By the end of 2022, a total of 2.31 million 5G base stations had been built and opened, achieving "5G access to counties" and "broadband access to villages". There are more than 6.5 million standard racks of data centers in use nationwide, and the total computing power ranks second in the world. The numerical control rate of key processes in key industrial enterprises has reached 58.6%, and the popularization rate of digital R&D design tools has reached 77%. In 2022, the revenue of the software industry exceeded 10 trillion yuan, the industrial Internet was fully integrated into 45 categories of national economy, and the number of influential industrial Internet platforms reached 240.

  The fifth aspect is that a number of major achievements have been made in innovation in key areas. Good news has been reported frequently in manned space flight, lunar exploration, deep-sea exploration and other fields. The C919 aircraft achieved the first delivery in the world, the first domestic F-class 50 MW heavy gas turbine was successfully ignited, and the "Hualong No.1" nuclear power unit was connected to the grid.

Local economic stabilization measures continue to release their effectiveness.

  In August, the economic recovery trend in Jiangsu Province was significantly enhanced. Compared with last month, the growth rates of industry, service industry, investment and consumption all showed an upward trend. From January to August, the industrial added value, investment in fixed assets and total retail sales of social consumer goods in Jiangxi Province increased by 7.3%, 8.5% and 5.6% respectively, which were higher than the national average … … The economic "transcripts" handed over by many places recently show that the economy continues to recover.

  However, some places also said that the current external situation is still complicated and severe, domestic economic recovery still faces many difficulties and challenges, and the foundation for sustained economic recovery still needs to be strengthened.

  How to stabilize the economy? The recent the State Council executive meeting intensively deployed this, emphasizing that "while implementing the package policy of stabilizing the economy, 19 successive policies will be implemented to form a combined effect, so as to promote the economic stabilization and keep the operation in a reasonable range". Streamline administration, delegate power, strengthen regulation and improve services ’ The reform measures will further promote the effectiveness of the package policy of stabilizing the economy, refine the implementation policy, and implement the detailed rules in early September. ""All localities should shoulder the responsibility of stabilizing the economy and protecting people’s livelihood, and provinces with large economies should take the lead and work together to consolidate the foundation of economic stability and promote stability. "

  From Jiangxi’s promulgation of "Several Successive Measures to Effectively Stabilize Economic Development" to Gansu’s formation of 24 policies and measures to stabilize the economy, and then to Shanghai’s emphasis on implementing a new round of national and municipal policies … … At present, while implementing the national macro-policies, all localities have further enriched the policy toolbox around areas such as expanding effective demand and stabilizing market players to protect people’s livelihood, so as to ensure the sustained release of policy effects.

  — — Give play to the key role of effective investment

  On September 22nd, the construction of Huaihong Xinhe Irrigation District in Anhui Province started with a total investment of 10.4 billion yuan. So far, all the six new large-scale irrigation projects promoted by the State Council this year have started. On September 21st, the centralized commencement of major water conservancy projects in Hubei Province was held at the site of the second phase of water resources allocation project in northern Hubei. The total investment of 19 projects started this time is 27.48 billion yuan, which will promote the construction of Hubei as the first batch of provincial water network pilot areas in China.

  Expanding effective investment is a key link in the policies and measures to stabilize the economy in various places. For example, Henan proposed that, in order to make full use of the economic stabilization package and the dividends from the following policies and measures, seize the key period and fight for the red throughout the year, we will focus on tackling key problems in important economic stabilization projects. Give play to the key role of effective investment in stabilizing the economic market, realize the annual growth of fixed assets investment by more than 10%, complete 2.8 trillion yuan, and strive to achieve an economic growth rate of more than 5.5% in the second half of the year, and the annual economic aggregate exceeds 6.3 trillion yuan.

  Jiangxi said that it will seize the policy-oriented development financial instruments and special bonds to increase the scale, expand the opportunities in the field, strengthen the project to sort out the reserves, accelerate the preliminary work of the project, win more support from the state, and ensure that the first batch of contracted projects will start construction before the third quarter. According to the principle of "landing, solid support and quick results", we will implement the "four major actions" of urban shantytown renovation, "big traffic" construction, rail transit in Nanchang metropolitan area and infrastructure construction in water conservancy, with a total investment of over 1 trillion yuan.

  — — Promote the accelerated recovery of the consumer market

  In Jiujiang City, northern Jiangxi Province, an online launching ceremony was held a few days ago for the Jiujiang Branch of the 2022 Jiangxi "Hundred Cities and Hundred Nights" Cultural and Tourism Consumption Season. During the event, nearly 100 supporting activities such as non-legacy shopping festival, camping music festival and food carnival will be held in counties (cities, districts) of Jiujiang City. According to the relevant staff of Jiujiang Wenguang New Tourism Bureau, the local government takes the creation of a national-level night cultural tourism consumption gathering area and a provincial-level cultural tourism consumption pilot city as the starting point, and actively cultivates a night consumption industrial system integrating night sightseeing and recreation, special catering, fashion shopping, cultural performances, fitness and entertainment, and immersion experience to further tap the consumption potential of domestic demand.

  In order to further accelerate the recovery of consumption, many places have made great efforts in promoting mass consumption and promoting the recovery of service industry. For example, Jiangxi emphasizes that it will continue to implement the vehicle purchase tax exemption policy for new energy vehicles and encourage new energy vehicles, smart home appliances and green building the countryside. Fully activate the consumption of business travel, continue to implement various policies to promote consumption, and study and introduce policies and measures to support the recovery and development of catering and accommodation industries.

  With the main promotion activities as the carrier, key consumption season activities will also appear one after another. Gansu proposed to organize a three-month key consumption season of "Enjoy Consumption and Buy Longyuan" in combination with the consumption promotion activities such as "2022 International Consumption Season", "100-city Linkage Automobile Consumption Season" and "National Household Appliances Consumption Season" organized by the Ministry of Commerce. Hainan proposed to issue 50 million yuan travel vouchers to tourists outside the province and 100 million yuan vouchers to residents in the province.

  — — Boost the development confidence of market players

  The key to stabilizing the economy lies in protecting market players. Many places have made great efforts to grasp the important window period and opportunity period of economic recovery, and made every effort to solve outstanding problems such as insufficient demand, weak confidence and weak expectations in the current economic operation, and adopted various measures to stimulate the vitality of market players and enhance market confidence.

  Shanghai said that it is necessary to implement a new round of policies of the state and the city on the basis of the previous implementation of the policy of helping enterprises to bail out difficulties, increase financial subsidies, tax relief, rent relief and other support, and take out real money to boost corporate confidence. Focus on all kinds of problems that affect economic development, find out the bottlenecks faced by enterprises in time, and study targeted measures in time.

  Gansu has put forward a series of preferential policies for market players, such as delaying payment, reducing financing costs, reducing taxes and fees, dissolving arrears of debts, increasing incentives and support for scientific and technological innovation, optimizing market supervision, and promoting employment and entrepreneurship, so as to help market players resume development.

  "From the perspective of local measures to stabilize the economy, the key point is to boost consumer demand, expand effective investment, and support the promotion of infrastructure in the fields of energy, water conservancy and transportation with greater efforts, especially the construction and implementation of major projects such as new energy and new infrastructure. In addition, comprehensively adopt fiscal and taxation financial means such as tax reduction and exemption, increasing financial subsidies and expanding credit supply to solve the pain points and difficulties of industrial development, further increase the efforts to help enterprises bail out, and enhance the vitality and development confidence of market players. " Sun Chuanwang, a professor at the School of Economics of Xiamen University, told the Economic Information Daily.

Krypton intends to delist from the NYSE and will be completely merged with Geely Automobile.

Geely Automobile Holdings Co., Ltd. (hereinafter referred to as "Geely Automobile") announced that in order to promote the deep integration and efficient coordination of internal resources, put an end to repeated investment and reduce costs, Geely Automobile plans to acquire all the issued shares of Krypton. Geely Automobile currently holds about 65.7% of the shares of Extreme Krypton. If the transaction is completed, Extreme Krypton will be completely merged with Geely Automobile, and Extreme Krypton will become a wholly-owned subsidiary of Geely Automobile, privatize and delist from the NYSE.

Geely Automobile said that Geely Group will create a unified listing platform and fully integrate extremely valuable assets and resources, thus enhancing the competitiveness of the Group’s passenger car business. This will also help the Group to determine the future strategic direction of Krypton to meet the global market and economic challenges. As Krypton is a global luxury electric vehicle technology brand facing the high-end luxury market, it is of great strategic significance for the Group to wholly control Krypton.

Holiday economy is booming | Xiangjiang night tour attracts guests to the food night market to ignite the "night economy"

CCTV News:Changsha, Hunan, as a city that never sleeps, has a strong consumption of cultural tourism at night and an active market. Changsha’s characteristic night landscape, rich and diverse cultural tourism ecology and fireworks attracted a large number of tourists during the National Day.

Reporter Fu Lei:This is the Fisherman’s Wharf in Xiangjiang New District, Changsha. If midnight snack is the grand finale of Changsha nightlife, it is definitely the most beautiful midnight snack punching place in Changsha. During the National Day, you can come to Fisherman’s Wharf beside Xiangjiang River, where you can not only enjoy delicious food, enjoy the night view of Xiangjiang River, but also experience the pleasant night in Changsha.

The Xiangjiang River is bright and the lights are shining. During the National Day, the banks of a river were used as canvases, and the dazzling theme light show on the edge of Xiangjiang River created a romantic and flexible poetic picture.

Reporter Fu Lei:It’s 11 o’clock in the evening, and this 400-meter-long strip is still brightly lit, with thousands of seats packed. The bright lights and crayfish and beer in the night market constitute the most lively and touching human fireworks. Today, we also prepared a table of delicious food to share with you. Let’s take a look at this famous fried shrimp, with special hot and sour sauce and secret sauce. Two different decorations add different flavors to the original shrimp meat.

During the National Day, I made an appointment with three or five friends here, casually found a table along the river to sit down, rolled a few strings, ordered a crayfish, drank a few glasses of wine, and listened to the musicians singing in the open air. The trivial troubles of life seemed to drift away with the river wind.

During the National Day, the hotels on the Xiangjiang River received thousands of tourists every day. This riverside-style commercial street with only 400 meters attracted more than 70 brand businesses to sign up.

In addition to the well-known food street, more night markets hidden in the streets are gradually discovered by tourists. Sifangping Night Market, located in Kaifu District, Changsha, became one of the most popular places to punch in Changsha’s night economy during the National Day. As night fell, people from afar flocked to the endless stalls and filled the whole street.

Sifangping Night Market has more than 300 stalls, attracting nearly 1,000 employees. During the National Day, the average daily passenger flow exceeded 40,000.

From popularity to low tide, what did the "P2P online loan" feast leave?

  Seeing such words as "high interest rate" and "high return", the public should be extra alert and raise their awareness of prevention. Evening News reporter Wei Chi Jianping photo

  At the end of August, Tianjin Public Security Peace Branch and Binhai New Area Branch successively issued announcements to investigate 11 online lending platforms suspected of illegally absorbing public deposits. So far, illegal online lending platforms in Tianjin have been basically cleaned up. As a hot industry, P2P (person-to-person loan) has attracted a lot of attention and funds since its birth. Many people invest in financial management on the platform, and many people also borrow money on the platform. Now most of the online lending platforms have been cleaned up, and only a very small part is still in operation. These platforms, which are still in operation, stated that they would "quit benign", that is, completely quit the online loan industry.

  Since June 2018, a large number of P2P platforms have experienced a redemption crisis. Some platform controllers have run away, and it is difficult for fund lenders (wealth managers) to get back the investment principal and interest. After investigation by local public security departments, these P2P platforms have violated the red line of "no fund pool" and are suspected of illegally absorbing public deposits.

  From the popularity of the past to the ebb tide of today, what has this industry brought to the society and left behind?

  Someone’s in jail

  September is the season of school. After three years in the workplace, Xiaolei (pseudonym) stepped into the campus again to study for graduate students. He graduated from an undergraduate college in this city three years ago, and made an appointment with his roommate to study for graduate students three years later. Now, his roommate friend has been detained for violating the criminal law. This student graduated and entered the P2P online loan industry.

  When Xiao Lei graduated, some students in the class wanted to take the civil service exam, while others wanted to enter the banking and securities industries. However, due to fierce competition, most of Xiaolei’s classmates failed to do so.

  At that time, the concept of internet finance was in full swing, and a large number of emerging financial companies appeared in the market. They recruited soldiers and promised high salaries to attract college students to join. Gang Lin (a pseudonym), a classmate of Xiaolei, was admitted to Tianjin from rural areas. His family was poor and he wanted to get a high income when he graduated. As it happens, a P2P online lending platform in Beijing recruited externally, and he applied successfully.

  A year later, Xiao Lei learned from his classmates that Gang Lin was "developed", with a monthly salary of more than 50,000 yuan, and had achieved the position of deputy director of marketing on this platform. At a class reunion, Gang Lin was in high spirits and told her classmates that she would be able to buy a house in Beijing in two months. This made the students very envious, and all the students felt that Gang Lin was really "turned over", and he was no longer the thrifty and wussy person at school.

  Xiaolei was not admitted to the civil service, but worked in the financial department of a private enterprise with a monthly salary of more than 6,000 yuan. He learned through some news that some P2P online lending platforms are not matching personal transactions at all, but publishing false targets, attracting investors with super high interest rates and putting investors’ money in their own controlled accounts. These platforms, which are engaged in fund pool business, are suspected of illegally absorbing public deposits, and their behavior is to be convicted and sentenced to jail.

  On a weekend, Xiao Lei found Gang Lin, and after asking questions, he carefully asked his classmates, is your platform compliant? Is the mark on it true? Gang Lin said casually that most platforms are fake, and what they do is to pool funds. Hearing this, Xiao Lei was shocked: "We all know the law, and this kind of behavior is punishable. Don’t you know?"

  Gang Lin pondered for a while, then slowly began to say that it was not easy for him to get a foothold in the city when he came out of the countryside. Plus going to college before, I spent more than 100 thousand yuan at home, and many of them were borrowed. Doing an ordinary job in the city of Beijing, after deducting rent and living expenses, there is little left, not to mention borrowing money from home. If you resign, you will lose a lot of income.

  Xiaolei was angry with his good friend Gang Lin’s explanation, but Gang Lin said that there are thousands of platforms all over the country doing this, and there is nothing wrong with it.

  Since June, 2018, Gang Lin’s platform has absorbed less and less funds, but has to pay more and more interest to customers in the early stage, which has gradually led to a financial crisis. The platform controller used to misappropriate customers’ funds, bought several properties in Beijing, Shanghai and Shenzhen, and quickly sold them. However, the market was not good and it was difficult to sell them. The company’s capital chain was completely broken, and some investors reported to the Beijing police.

  In November 2018, Gang Lin’s platform was put on file for investigation. Xiaolei tried to contact Gang Lin, but found that no one answered the phone and found Gang Lin’s family. Only then did she know that Gang Lin was criminally detained because he was an executive on this platform and mastered the flow of some funds.

  Xiaolei urged Gang Lin’s family to let Gang Lin tell the whereabouts of the funds as soon as possible, and actively compensate the investors, so as to get a reduced sentence. However, he found that Gang Lin’s family was not interested in paying back the money and had no hope of reducing the sentence. One of his relatives told Xiaolei that since 2018, the funds absorbed by Gang Lin through its subordinates have not been handed over to the platform, but many properties have been purchased in foreign countries in the name of others. "Now even if he is sentenced to a maximum of 10 years in prison, Gang Lin will be less than 35 years old after he is released from prison, which will not affect him to get married and have children abroad."

  Seeing this family doing this, Xiao Lei felt that they were really stubborn.

  Someone No Country for Old Men.

  According to a survey, the majority of people who invest in financial management on the Internet are middle-aged and elderly people. After more than 15 years of hard work, they have no pressure to mortgage and raise children, and they have some savings in their hands, so they are potential customers of high-interest financial management. As it happens, a large number of P2P online loan financing platforms have emerged on the Internet, which can provide three times higher interest than bank deposits, and let these middle-aged and elderly people fall into the trap.

  Wei Dong (pseudonym), a resident of Hedong District, is 48 years old. He was dismissed from a furniture factory two years ago and it is difficult to find a job. Through the Internet, he knows that some P2P online lending platforms can earn 12% to 15% annual interest by investing in them. This kind of return on investment is much higher than that of banks, and it pays interest on a monthly basis.

  With the attitude of giving it a try, he took out 200,000 yuan from his home for many years and transferred it to the financial platform through online banking. A month later, he received interest of nearly 3000 yuan. He thinks that if this continues, it will be equivalent to a stable job income. Besides, when I go out to find a job at my age, my income is similar to this interest.

  Wei Dong wants more in return. At that time, his parents left him a house of more than 50 square meters. He sold this small house and collected some money to buy a bigger house for his children as a wedding room. However, the child just started working and didn’t want to get married for a short time, so he rented out the house at a rent of 1800 yuan a month.

  In the market, his house is worth more than 1.3 million yuan. Wei Dong calculated that if this house is converted into cash and invested in the P2P online lending platform, it will receive interest of more than 10,000 yuan a month! So, he listed the house in the intermediary and sold it at a price lower than the market price of 100,000 yuan, and soon got 1.2 million yuan in cash.

  Wei Dong invested all 1.2 million yuan in cash in a certain platform, and recovered 15,000 yuan in interest in the first month, which was several times higher than the rental of the house. He was so excited that he couldn’t sleep. For four consecutive months, he received interest on time. He once felt that his old age was really happy.

  Wei Dong’s wife also knows about selling the house. However, the wife is more inclined to deposit a large deposit certificate in the bank or buy a fund for financial management, with an annual income of about 5%. Wei Dong’s wife said, what kind of business do these online platforms make so much money that they can give investors more than 12% interest? Are they better than banks? Wei Dong was speechless, just saying that his wife couldn’t keep up with the times.

  The good times didn’t last long. When he invested in the sixth month, Wei Dong didn’t receive the interest on time. He called the customer service number left by the website and no one answered. At the investor forum, it was revealed that this P2P online lending platform had a redemption crisis, the capital chain was broken, and the actual controller and several executives had run away. Wei Dong panicked and rushed to the city where the platform was located to find the company’s registered address. As a result, it was found that the company’s office was sealed up and the door was surrounded by investors from all over the country.

  Since then, Wei Dong has been bent on recovering the investment of 1.2 million yuan, and he no longer wants interest, just thinking that the principal can come back. In the rights exchange group, he learned that some people invested more than 5 million yuan in compensation for demolition, and some people, like him, sold their houses to invest.

  The family is completely chaotic, and my wife has no mind to dance square dance anymore. My son’s wedding room has no landing, and he dare not talk about the object. Wei Dong lost 15 pounds a month, and he dared not think about his old age in the future.

  "benign exit" becomes a common expectation

  On August 29th, Dai Mokang, the legal representative of Shanghai Zendai University, a well-known listed company, and others surrendered themselves to the police, claiming that there were illegal acts such as setting up a fund pool and misappropriating funds during the company’s operation, and it was no longer possible to pay them. The Shanghai police said in the circular that Zendai Company illegally absorbed deposits from unspecified public through its online wealth management platform (Shanghai Zendai Aite Financial Information Service Co., Ltd.), and the case is currently under further investigation.

  This is just a microcosm. At the heyday of P2P online lending platform, all kinds of business entities and capitals have entered this industry. According to incomplete statistics, in 2017, more than 40 listed companies in China set foot in P2P, and one listed company directly changed its name to "Pipaopi". However, the tide will eventually recede. By the end of August 2019, of the more than 6,900 P2P online lending platforms that once existed in China, more than 6,000 have closed down.

  In a few years, investors, platforms and lenders seemed to get together and enjoy an unprecedented feast, but in the end, every participant paid the bill. Many investors have lost their money and are the biggest victims. Some platform controllers and executives have been jailed with criminal records. Most of the netizens who borrowed money from the platform bear super-high interest rates, and now many of them are harassed by the collection calls of "routine loans".

  At the end of August, when attending the 2019 China International Intelligent Industry Expo, Ma Yun said that P2P was not Internet finance from the first day, but an illegal fund-raising product with a webpage.

  At present, there are more than 700 P2P online lending platforms, many of which declare that they "don’t run away", actively pay off investors, and finally quit. But in fact, many platforms have transferred funds, so promising to the public is only a plan to slow down the troops, and soon the actual controller will surrender or run away. Even if some platforms have the willingness to refund investors, the recovered funds may not be able to make up the hole, and investors can only recover part of the principal.

  Why did so many people rush into the P2P online lending platform? Xiao Lei was thinking. When he got together with his classmates to discuss Gang Lin’s case, he was puzzled by Gang Lin’s reluctance to actively refund the investors. Someone asked him, given 10 years, can you earn enough money to buy a house abroad? Xiao Lei said, I can’t. His classmates told him that’s right. Some people are willing to exchange 10 years’ imprisonment for 10 million yuan of assets. Even if you work hard, you can’t earn so much money. In this respect, people actually made a profit from this transaction.

  Hearing this, Xiao Lei seems to understand something.

  However, in the end, Gang Lin couldn’t stand the torture of conscience. He suddenly repented and decided to sell overseas properties and actively compensate investors in order to get leniency.

  Why do ordinary citizens always can’t stand the temptation of high-interest financial management and frequently become "takers" and "reapers", while those "game makers" and "reapers" face obviously insufficient punishment? These hidden problems are worth pondering. Similarly, college graduates blindly pursue high salaries when seeking jobs, ignoring whether the industries they are engaged in are legal and compliant, thus forming wrong values and wealth views, which is more worthy of attention. (Reporter Li Jisen)

Do you know the origin and customs of the Dragon Boat Festival?

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The origin of the Dragon Boat Festival

"The Dragon Boat Festival originated from the totem sacrifice held by the tribes who worshipped the dragon totem in ancient times. It was a festival founded by the ancestors to worship the dragon ancestors and pray for evil spirits. During the Warring States Period, the patriotic poet Qu Yuan threw himself into the Miluo River with a boulder on the Dragon Boat Festival, so later generations also took the Dragon Boat Festival as a festival to commemorate Qu Yuan."

Dragon boat festival custom

First, dragon boat race

Dragon boat race is the main custom of Dragon Boat Festival. According to legend, in ancient times, Chu people were reluctant to let Qu Yuan, a sage, die in the river. Many people rowed boats to catch up with the rescue, and then rowed dragon boats every May 5 to commemorate Qu Yuan.

Nowadays, dragon boat race has become one of the most important folk activities in China Dragon Boat Festival. Dragon boat rowing has a long history. It is a traditional folk water sports and entertainment project in China since ancient times. It is mostly held on festive festivals and is a multi-person collective rowing competition.

Second, eat zongzi

Legend has it that after Qu Yuan’s death, people put rice in bamboo tubes and threw it into the river in order not to damage his body. From then on, in order to show respect and memory for Qu Yuan, on this day, people put rice in bamboo tubes and threw it into the river to pay homage. This is the origin of the earliest zongzi "tube zongzi" in China.

Eating zongzi at the Dragon Boat Festival is a traditional custom of the Chinese nation since ancient times. It has a long history and various patterns. Zongzi was originally used to worship ancestors and gods. The custom of eating zongzi on the Dragon Boat Festival is popular in China, and spread to Korea, Japan and Southeast Asian countries.

Third, hang sachets

Dragon Boat Festival sachets, also known as sachets, sachets, purses, etc., are made of five-color silk thread and filled with Chinese herbal medicines and spices. Its manufacturing process has become a national intangible cultural heritage. Now it has become a unique folk art of the Dragon Boat Festival.

Fourth, tie colorful ropes

On the Dragon Boat Festival, when children wake up, their wrists and ankles have been tied with "five-colored ropes" woven with colorful silk threads. Adults say that if they are tied, they will not be invaded by all diseases. After the first rain after the Dragon Boat Festival, cut off the five-color rope and let the rain wash away, and the disaster will be taken away with it.

With regard to the five-color line, the customs in different places are similar. Some of them are tied with five-color silk, or hung at the door, or worn by children’s necks, or tied by children’s arms, or hung in bed curtains, cradles, etc., which is said to avoid disasters, protect health and prolong life.

Five, hanging mugwort leaves

A folk proverb says, "Willows are inserted in Qingming Festival, and Ai is inserted in Dragon Boat Festival". People think that May is a poisonous month, and the fifth day is a poisonous day. Every May, it is the time when Artemisia argyi is mature and has the best medicinal properties, so people have to pick Artemisia argyi in the wild during the Dragon Boat Festival. Acorus calamus and Artemisia argyi leaves are hung in front of the door and eaves to prevent plague and avoid disaster, and hung on the door and bedside to avoid evil spirits.

Six, eat duck eggs

In addition to commemorating Qu Yuan, the Dragon Boat Festival is to avoid five poisons, namely snakes, centipedes, spiders, geckos and scorpions. People use five kinds of red dishes to symbolize the blood of the five poisons. When eating these dishes, they are roast duck, amaranth, duck eggs with red oil, lobster and realgar wine. Therefore, eating duck eggs on the Dragon Boat Festival has a certain color to ward off evil spirits. From a scientific point of view, eating duck eggs is to preserve health and dispel summer heat.

Seven, drink realgar wine

It is said that drinking realgar wine can ward off the five poisons. The custom of drinking Pu wine and realgar wine has been circulating for a long time. After soaking in wine, people use Acorus calamus and Aipeng to dip in the corners of walls, doors and windows, under the bed, etc., and then use wine to coat the ears, nose and navel of children to ward off poisonous insects. From the health point of view, realgar can be disinfected by adding water and wine indoors, and drinking Pu wine is also quite beneficial.

Original title: "Do you know the origin and customs of the Dragon Boat Festival? 》

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