The Ministry of Agriculture answered a reporter’s question on "agricultural structural adjustment"

The Ministry of Agriculture answered a reporter’s question on "agricultural structural adjustment"
-Overall planning for stable production, supply, income and ecology.
Improve the competitiveness of agricultural development

On the morning of May 5th, the Information Office of the Ministry of Agriculture held a special press conference on "Agricultural Structure Adjustment". Yu Xinrong, Vice Minister of Agriculture, introduced the situation that the Ministry of Agriculture carried out the development concept of innovation, coordination, green, openness and sharing, and promoted the agricultural structure adjustment, and answered the reporter’s questions together with Zeng Yande, Director of Planting Department, Ma Youxiang, Director of Animal Husbandry Department, and Zhao Xingwu, Director of Fisheries and Fishery Bureau. Ye Zhenqin, director of the General Office of the Ministry of Agriculture and spokesperson, presided over the press conference.

Yu Xinrong said that the general idea of agricultural structure adjustment is to adjust and optimize the agricultural structure based on the current situation, with a long-term view, guided by market demand, with deepening rural reform as the new driving force, with green development, improving quality and efficiency, and exploring mechanisms as the direction, to promote institutional and institutional innovation, and to make overall plans to stabilize production, ensure supply, ensure income and protect ecology, so as to continuously improve the quality, efficiency and competitiveness of agricultural development.

Adjustment of planting structure: scientifically guiding the reduction of corn in non-dominant producing areas

Yu Xinrong:China’s grain output has achieved "12 consecutive increases", the relationship between supply and demand has been improved, and the food security situation is one of the best periods. But at the same time, we should also see that the structural contradiction of agriculture has begun to appear, which is mainly reflected in the coexistence of staged and structural oversupply and insufficient supply. From the perspective of planting, the supply and demand of wheat and rice rations are basically balanced, and the supply of corn exceeds demand in stages; The gap between supply and demand of soybeans is gradually expanding. At the same time, the import of cotton, oilseeds and sugar increased due to resource constraints and the impact of the international market. I want to emphasize in particular that the supply and demand of wheat and rice are basically balanced at present, and there are mainly corn in the inventory.

With the increasing constraint of resources and environment, the demand for upgrading consumption structure is getting higher and higher, the degree of industrial integration is getting deeper and deeper, and the linkage between domestic and foreign markets is getting tighter and tighter. It is not enough to follow the past thinking. It is necessary to adjust and optimize the planting structure and lead the structural reform of agricultural supply side on the agenda, so that modern agriculture can achieve more stable, sustained and better development on the original basis.

To this end, the Ministry of Agriculture has specially compiled the National Planting Structure Adjustment Plan (2016-2020), which has made an overall design of the main crop variety structure and regional layout during the "Thirteenth Five-Year Plan" period, with the aim of guiding all localities to make scientific adjustments in accordance with scientific, ecological and sustainable requirements and the layout of functional areas. The overall consideration is to ensure food rations and grains, stabilize the self-sufficiency level of cotton, edible vegetable oil and sugar, and at the same time ensure the balanced production and supply of vegetables.

The adjustment of corn structure is the focus of this planting structure adjustment, and the adjustment area is the "sickle bend" area. In the second half of last year, the Ministry of Agriculture formulated and issued "Guiding Opinions on Corn Structure Adjustment in Sickle Bend Area". The overall idea is to ensure production capacity, properly adjust and industrialize. Ensuring production capacity means consolidating and upgrading advantageous production areas, strengthening infrastructure construction and ensuring corn production capacity. Appropriate adjustment means appropriately reducing the corn area in non-dominant areas, especially in the "sickle bend" area, and doing subtraction and addition together to encourage farmers to replant the withdrawn corn into other crops that are needed by the market and have better benefits. For suitable areas, areas with good economic, social and ecological benefits, we should also strengthen production capacity and promote the healthy development of corn production by increasing unit yield. Industrialization, corn is an agricultural product with high energy and long industrial chain, and its subsequent processing industrial chain is very long, so we propose to promote the transformation of corn with the concept of industry, realize the increase of farmers’ income and the better development of local economy.

At the same time, corn is the basic feed source of aquaculture. We can develop animal husbandry and processing industry by using it, which can be likened to changing "granary" into "granary+meat storehouse+milk bottle+sugar jar+fuel tank", and turning it into a good industry for increasing farmers’ income and developing local economy through serialization and in-depth development. How does corn become a "fuel tank"? Because corn is a good raw material for bio-fuel, and we have set up points in some places a few years ago and are exploring. Therefore, to improve the comprehensive benefits of corn is also an important content of this corn structure adjustment.

In terms of work deployment, we have coordinated the reduction of corn with the pilot of grain-bean rotation and grain-to-feed reform and the reform of corn storage and storage system. The key point is to reduce the non-dominant production areas in the "sickle bend" areas such as the cold northeast area and the farming-pastoral ecotone in the north, and actively guide farmers to replant soybeans, potato miscellaneous grains, silage corn and high-quality forage grass.

Around this goal, the agricultural sector has taken various measures. The first is to strengthen organizational promotion. The Ministry of Agriculture held several meetings to make arrangements, and sent working groups to Northeast China, Huanghuaihai and other areas with heavy structural adjustment tasks five times to supervise and inspect the implementation of key tasks such as grain-bean rotation and grain-to-feed conversion. All localities have decomposed tasks at different levels and accelerated the implementation. Heilongjiang Province has included the task of corn reduction in the performance appraisal of the main party and government leaders in counties and cities. At present, the relevant provinces have implemented the reduced area to counties and townships. The second is to strengthen guidance services. The Ministry of Agriculture organized experts to guide the formulation of more than 10 technical plans for sub-regions and sub-crops, and released them in key seasons. Agricultural departments at all levels organized nearly 300,000 government officials and agricultural technicians to go deep into the front line of production, and took the form of casing pieces and entering villages and households to help farmers solve practical difficulties. The third is to strengthen policy support. The Ministry of Agriculture, together with the Ministry of Finance, integrated 3.25 billion yuan of funds to support the structural adjustment of corn, focusing on subsidizing the development of grain-to-feed and grain-bean rotation. Before spring sowing, the funds were allocated to all localities, and the number of pilot counties for grain-to-feed reform increased from 30 to 100 this year. Cooperate with the Development and Reform Commission, the Ministry of Finance and other departments to further improve the policy of purchasing and storing corn, and actively promote the reform of "market-oriented acquisition" and "subsidy".

According to the agricultural situation dispatch of the Ministry of Agriculture and the reflection of various localities, the adjustment of planting structure has started well this year. First, it is estimated that the intended planting area of corn will be reduced by more than 20 million mu this year. Second, the recovery of soybean area has increased, which is expected to increase by more than 6 million mu this year. Third, the varieties with strong market demand have increased more. Fourth, the varieties of rice, wheat and other rations remained stable.

Structural adjustment of animal husbandry: optimizing the layout of pigs and developing herbivorous animal husbandry

Yu Xinrong:The weak production base, relatively backward development mode and tight ecological environment constraints are the outstanding problems facing the development of animal husbandry at present. Promoting the structural adjustment of animal husbandry, optimizing pig layout and developing herbivorous animal husbandry are the key points. In May 2015, the Guiding Opinions on Accelerating the Development of Herbivorous Animal Husbandry was issued, and in April this year, the National Pig Production Development Plan (2016-2020) was issued. The general consideration is to stabilize pigs, promote cattle and sheep, improve the matching degree of resources and environment, and promote the transformation, upgrading and green development of animal husbandry. We have made arrangements for this work since last year.

Pork is the main meat variety consumed by urban and rural residents in China. In order to maintain the stable development of pig production, the Ministry of Agriculture focuses on three things. First, it optimizes and adjusts the regional layout. In November 2015, the Ministry of Agriculture issued the Guiding Opinions on Promoting the Optimization and Adjustment of Pig Breeding Layout in Southern Water Network Areas. The second is to speed up the development of standardized scale breeding. To stabilize pig production, it is very important to promote standardized production and gradually solve the small-scale and pollution-prone mode of raising pigs for thousands of households. The third is to promote the comprehensive utilization of waste and the harmless treatment of dead pigs, focusing on large pig breeding counties, start the establishment of demonstration counties for green development of animal husbandry, and develop ecological recycling farming. At the same time, strengthen the harmless treatment of dead pigs and strengthen the supervision of pig slaughter.

In the next step, the Ministry of Agriculture will guide and promote the rational delineation of suitable breeding areas and prohibited breeding areas, and create 100 national pig standardization demonstration farms and 10 animal husbandry green development demonstration counties in the southern water network area; The pilot project of "two reductions" in reducing livestock and poultry and aquaculture was carried out in Dongting Lake area, which accumulated successful experience that can be replicated and popularized for promoting pollution control of livestock and poultry breeding. At the same time, coordinate relevant departments to increase support for standardized scale breeding of pigs, and focus on the construction of manure treatment facilities; In conjunction with relevant departments, we will study the ways for the central government and governments at all levels to subsidize the insurance premium of pig price index, and gradually implement it in large-scale farms and large-scale pig-raising enterprises in large pig-raising counties across the country, so as to help iron out the "pig cycle."

With the upgrading of consumption structure, the supply of beef and mutton is relatively insufficient, and everyone is also very concerned. The Ministry of Agriculture vigorously promotes the development of herbivorous animal husbandry to ensure the supply of the market. First, do a good job in planning guidance. Together with the National Development and Reform Commission and the Ministry of Finance, the National Development Plan for Beef and Mutton was issued, which is now being implemented. The second is to support large-scale farming. In particular, we will vigorously promote the large-scale breeding of cattle and sheep, develop high-quality forage materials such as silage corn and alfalfa according to local conditions, and focus on solving the problems of weak breeding foundation and backward feeding methods. The third is to strengthen the construction of herbivorous livestock and poultry seed industry. Increase investment in science and technology and capital, speed up the improvement of local varieties, improve the breeding system of improved cattle and sheep, carry out the increment of basic cow herd expansion, and curb the downward trend of cow number. In particular, the Ministry of Agriculture attaches great importance to promoting and supporting local efforts to revitalize the dairy industry, speeding up the modernization of the dairy industry, and striving to improve the quality and quality safety of domestic dairy products to meet the needs of the domestic people.

Adjustment of fishery structure: promoting healthy farming and developing clean production

Yu Xinrong:The fishery production and supply market has been very good. At present, fishery resources continue to decline, fishing capacity is overcapacity, and the ecological environment pollution in waters is aggravated. The Ministry of Agriculture is studying and formulating the Guiding Opinions on Accelerating the Transformation of Fishery Mode and Structure, and making special arrangements. The general idea is to improve quality and increase efficiency, reduce production and increase income, develop green, and enrich fishermen, and strive to change the way of breeding, operation, management and resource utilization, optimize regional layout, product structure, industrial structure and factor allocation, and promote the transformation and upgrading of fisheries.

The Ministry of Agriculture focuses on the following tasks: First, change the way of aquaculture. Vigorously promote standardized healthy aquaculture of aquatic products. The second is to strengthen the protection of fishery resources. We will continue to organize and implement the summer fishing moratorium in the coastal areas and the fishing bans in the Yangtze River and Pearl River, and will intensify efforts to promote the proliferation and release of aquatic biological resources and the construction of marine pastures to protect rare and endangered aquatic animals such as Chinese sturgeon and finless porpoise. The third is to reduce fishing capacity. Four special clean-up operations were organized nationwide to clean up the "homeless net". According to statistics, nearly 600,000 illegal fishing gear (tops) were cleaned up and 16,000 ships involved in fishing were banned. Good results have been achieved.

Next, the Ministry of Agriculture will also promote the improvement of the fishery oil price subsidy policy and other transfer mode policies to support fishery development, strengthen the protection of fishery resources and water environment, continue to vigorously clean up and rectify the "lost household network" and "three ships involved in fishing", especially implement the requirements of the Supreme Leader General Secretary for the ecological sustainable development of the Yangtze River Economic Belt, and continuously improve the aquatic resources and environment in the Yangtze River Basin.

This adjustment of agricultural structure better reflects the five new development concepts of the central government, which can not only ensure the national food security, but also continuously improve the ecological environment, leaving a blue sky, a green water and a high-quality cultivated land, making due contributions to the continuous development and progress of the Chinese nation.

Actively and effectively guide farmers to adjust planting structure

China News Service reporter:The reform of corn storage and storage system has been announced for one month. At present, it is the key period of spring sowing in the north. In the interview, we found that farmers want to reduce corn, but they don’t know what to replant. I wonder how the Ministry of Agriculture can guide farmers to adjust their planting structure.

Yu Xinrong:Your question is very timely, which reflects the aspirations of farmers and is what we are doing. According to the arrangement of the central government, the corn purchasing and storage system has been reformed this year, from the past temporary purchasing and storage policy to the new mechanism of "market acquisition+subsidy". In the past, in order to protect the interests of farmers, especially farmers who grow corn, the bottom purchase was completed by the state; This time, it is a market-oriented acquisition, but at the same time, in order to protect the interests of corn producers, necessary subsidies are given. There are two key points in this policy. One is that the price of corn fully reflects the market formation mechanism, and producers sell corn on the market with them. Various market entities independently enter the market for acquisition. The other is to establish a subsidy system for corn producers to keep the income of farmers planting corn in advantageous producing areas basically stable. Therefore, after the announcement of this system, local governments and grassroots cadres in the main corn producing areas increased their propaganda efforts, and together with the farmers, they tried their best to understand and understand the significance of this policy. The agricultural departments at all levels, in particular, should focus on the central government’s reform measures. In the process of policy adjustment and changes in the corn market, they should not only protect farmers’ enthusiasm for planting grain and corn, but also guide non-dominant areas to plant other crop varieties, such as grain-bean rotation.

As far as we know, after the announcement of the reform of the corn storage system, areas such as the fourth and fifth accumulated temperature zones in Heilongjiang Province are actively reducing corn, but some farmers don’t know what to replant. This problem is a problem that governments at all levels and agricultural departments need to focus on. I have talked about three points before to solve this problem, and besides, I have done three things: First, we have done a good job in planning and guidance. We issued the National Planting Structure Adjustment Plan (2016-2020) in time, and put forward opinions on the adjustment of variety structure and regional layout. Second, strengthen demonstration and guidance, mobilize agricultural technicians, grassroots cadres, and some large planters and experts, take the lead in carrying out planting structure adjustment, and provide as good services as possible in terms of technical materials. This year’s new varieties are also one of the most timely and best years to provide. The third is to strengthen publicity and guidance. The Ministry of Agriculture held a press conference in early April to introduce the situation of corn structural adjustment to the society in a timely manner, and sent a number of working groups to the main grain producing areas, together with grassroots cadres, to preach policies to farmers, guide relevant technologies, and provide quality services. "Farmers Daily" also opened a column to publicize the good experiences and practices of corn structural adjustment in various places. I would also like to mention in particular that in the process of policy adjustment, many news media have actively interpreted it, which has provided good help for grassroots farmers, especially large growers, to understand the policy in time, calculate the planting management accounts and plan this year’s planting plan.

Adjusting the structure cannot affect the safety of grain, especially rations.

Farmer Daily reporter:Last week, the Ministry of Agriculture just announced the "National Planting Structure Adjustment Plan (2016-2020)". What are the main features of this round of structural adjustment and what kind of goals should be achieved?

Yu Xinrong:Planting structure adjustment planning adheres to the five development concepts put forward by the central government. Specifically, it has the following characteristics: First, it highlights the green guidance. It is proposed to grasp the economic benefits, social benefits and ecological benefits and achieve the unity of the three benefits. The second is to coordinate and promote. A series of innovative ideas, innovative measures and innovative methods have been put forward in crop structure, variety structure, regional layout and industrial integration. The third is to focus on key efforts. According to the national planting structure adjustment plan, highlight the diversity of biological and climatic conditions, follow the laws of agriculture itself, not only keep the bottom line of food security, but also pay attention to those non-dominant areas and guide them to develop more suitable industries and varieties. For some major grain producing areas, special support policies are adopted, such as strengthening the construction of high-standard farmland and consolidating and improving grain production capacity. The fourth is to lay a good "combination boxing". Do a good job of addition, establish a big food concept, face the whole land resources, and develop food resources in all directions and in many ways. Do a good job of subtraction, based on resource conditions and market demand, reduce production in non-dominant areas, reduce groundwater funnels, heavy metal pollution areas and areas with serious ecological degradation, and reduce environmental pressure. Do a good job of multiplication, make full use of light, temperature, water, gas, soil and biological resources, change the single planting mode, establish a reasonable rotation system, improve soil and enhance soil fertility, and coordinate economic, social and ecological benefits, so as to realize the sustainable utilization of agricultural resources.

Implement the plan of planting structure adjustment, and strive to achieve the goal of "two guarantees, three stability and two coordination". First, we must achieve "two guarantees", that is, food and grain. We should not affect the safety of grain, especially rations, because of structural adjustment, so as to ensure that grain is basically self-sufficient and rations are absolutely safe. Second, we should stress the "three stabilities" and stabilize the self-sufficiency level of cotton, edible vegetable oil and sugar, which is the daily supply that our people need. Third, do a good job of "two coordination". To achieve the coordination of vegetable production and demand, forage production and animal husbandry. Further implement the "vegetable basket" mayor responsibility system and the food security governor responsibility system.

Pay close attention to various subsidy policies such as grain-bean rotation and grain-to-feed.
Cash to households and implement to fields as soon as possible.

Xinhua News Agency reporter:At present, there have been some positive changes in the adjustment of corn structure, but there are also some problems. For example, some farmers will worry about whether the products of alternative crops will sell well in the market, and what is the benefit of continuing to grow corn? What measures and considerations does the Ministry of Agriculture have on this issue?

Zeng Yande:This is also a key issue that we are currently concerned about. A prominent feature of agricultural production this year is the positive changes in structural adjustment. It shows that the adjustment of corn structure has a good start, which is a good momentum and also enhances our confidence. Of course, from the situation reflected by grassroots cadres and farmers, there are still some problems worthy of attention in the current corn structure adjustment. Mainly manifested as "three worries":

First, I am worried that the benefits of planting are difficult to protect. As we all know, what farmers plant depends on the price and benefits, and what benefits are good and earns more money will be planted. In the first two years, when the price of corn was good, farmers planted more corn, and the main producing areas in Northeast China were investigated. In general, the income per mu of corn was 200 yuan higher than that of soybeans. Farmers are worried that after switching to soybeans, the benefits will not catch up with corn. This is a realistic problem, which depends on policy guidance and subsidies for farmers who grow soybeans.

Second, it is worried that the market for alternative crop products is difficult to sell. We reduced corn, mainly by planting soybeans, miscellaneous grains and beans, silage corn and high-quality forage. Soybean is purchased by market, and the market of miscellaneous grains and beans fluctuates greatly, so silage corn and forage must be combined with planting and breeding. If there are too many of these products, it may be difficult to sell them and the price may come down. This depends on market guidance and good connection between production and marketing.

Third, I am worried that the enthusiasm of new agricultural business entities will be affected. In recent years, large growers, family farms, farmers’ cooperatives and other new business entities have become the main force of grain production. After the reform of the corn purchasing and storage system, the income expectation will drop and the enthusiasm will be affected. We will pay close attention to these problems with relevant departments and actively respond to them to protect farmers’ enthusiasm for production.

In the next step, we should focus on three things. First, we should strengthen publicity and guidance. At present, it is at the peak of spring sowing in the north, and we propose to interpret the key contents of the reform of corn storage system in various forms, so that farmers can understand the connotation and requirements of the policy, and make detailed accounts and arrange the structure. Recently, agricultural departments at all levels have organized cadres and agricultural technicians, including conducting a survey of "100 rural households", entering villages and households, and preaching policies. The second is to promote policy implementation. In conjunction with the financial departments, we will pay close attention to the implementation of various subsidy policies such as grain-bean rotation and grain-to-feed as soon as possible. Conscientiously implement the soybean target price policy, scientifically collect the price, reasonably calculate and protect the enthusiasm of farmers to grow beans. The third is to promote the convergence of production and marketing. By holding fairs, fairs and other forms, we will promote special agricultural products such as miscellaneous grains and beans to expand market consumption. At the same time, actively promote "modern agriculture in internet plus", develop e-commerce and expand the market, so that products can be sold smoothly and farmers’ income can increase steadily.

Last year, farmers in the pilot area of changing grain to feed increased their income and increased their efficiency.

People’s Daily reporter:Last year, the No.1 Document of the Central Committee clearly proposed to carry out a pilot project of changing grain to feed. As far as we know, the Ministry of Agriculture and the Ministry of Finance have carried out pilot projects in some provinces and cities last year. What is the effect now? How to advance in the future?

Ma Youxiang:Forage is as important to livestock and poultry breeding as three meals a day is to people. Good livestock can produce good milk and meat only by eating good grass and using good materials. High-quality forage is the most basic foundation of animal husbandry, and the shortage of high-quality forage is one of the important bottlenecks restricting the development of herbivorous animal husbandry in China. Last year, the Ministry of Agriculture, together with the Ministry of Finance, selected 30 counties in 10 provinces and autonomous regions, including Heilongjiang and Inner Mongolia, to carry out the experiment of changing grain to feed, focusing on whole-plant silage corn and promoting the matching of grass and livestock. Practice has proved that the grain-to-feed pilot has achieved a good win-win effect of planting and breeding, which is not only an important way to adjust the planting structure, but also a key measure to improve the quality and efficiency of herbivorous animal husbandry, and has been widely welcomed by farmers. I would like to give you a brief report on four sets of data: First, last year, the grain-to-feed plan planted 1.5 million mu, and actually implemented 2.86 million mu, and collected and stored 9.95 million tons of high-quality forage, which nearly doubled the expected target. This shows that farmers are active in grain-to-feed and support this policy. Secondly, the average yield of whole silage corn in the pilot area is 3.5 tons per mu, and the average purchase price per ton is 410 yuan money. The income of one mu of land is 1,435 yuan, which is 335 yuan higher than that of planting seed corn. This shows that farmers have increased their income and gained benefits. Thirdly, the whole plant of silage corn was popularized in dairy scale farms, and the average yield of adult cows reached 8 tons, saving 300 yuan in feed cost for producing one ton of milk. Milk protein and other quality indicators have also been significantly improved. Feeding whole-plant silage to beef cattle saves 1000 yuan per slaughter, which shows that the breeding efficiency has been improved.

According to Document No.1 of the Central Committee in 2016 and the spirit of the "Thirteenth Five-Year Plan", this year, the central government will increase its support, and expand the pilot scope of changing grain to feed to the whole "Sickle Bend" area and the main corn producing areas in Huanghuaihai, and the number of pilot counties will increase from 30 to 100. How to advance this year? We mainly guide local governments to do a good job in four aspects, which can be summarized as "two reasonable determinations and two continuous strengthening". Two reasonable determinations, one is to reasonably determine the area of changing grain to feed, insist on raising and planting seeds for raising and planting seeds for raising, and reasonably determine the planting scale to ensure that the produced feed can be sold, used and has good benefits. The second is to reasonably determine the varieties of grain to feed, adhere to local conditions, rationally replant, and scientifically choose planting varieties. Planting silage corn is suitable for planting silage corn, and planting alfalfa is suitable for planting alfalfa. It is necessary to choose a good variety. The first is to continue to strengthen the industrialization of forage production, adhere to large-scale planting, mechanized operation and standardized production as the main direction, accelerate the construction of modern forage production system, and fill the shortcomings in the development of herbivorous animal husbandry. The second is to continue to strengthen the management of support funds, that is to say, to manage and make good use of support funds. We insist on the task to the province, the capital to the province, and the responsibility to the province, giving local full autonomy. At the same time, establish and improve the supervision and evaluation system, ensure the good use of support funds, and effectively play its due effect.

Actively promote the development of potato industry and build a staple food culture in a well-off society

People’s Daily reporter:The key point of reducing corn is to change rice to beans and grain to feed, and potato is also an alternative crop. Everyone is very concerned about this issue, that is, what new measures does the Ministry of Agriculture have in promoting the development of potato industry?

Yu Xinrong:Now our country has entered the decisive stage of building a well-off society in an all-round way, which is reflected in all aspects, one of which is the upgrading of consumption structure, not only eating well, but also eating healthily. Potatoes are recognized as a staple food in the world, but for many reasons, we didn’t really realize this in the past. In the past two years, through various publicity, this cognition has been more and more accepted by the society, and encouraging achievements have been made in the development of potato industry. Potato staple products have entered the market and entered thousands of households.

I would like to quote a figure here. Every day in Beijing alone, there are more than 600 supermarkets selling staple food products such as potato steamed bread and noodles. Farmers who grow potatoes can also feel that the prices in these two years are good. Now more and more consumers realize that potato is a healthy food, and it has entered the stage of comprehensive utilization of staple food and non-staple food from the past. Now the central government is also increasing its support, and governments at all levels also regard it as the focus of structural adjustment.

The agricultural sector will further improve the situation and guide consumption with nutrition, which is produced in consumer guide. First, speed up technological innovation. Further screen out a number of new varieties with high quality, high yield, stress resistance, excellent comprehensive characteristics and suitable for staple food processing, and develop the formula and technology of potato steamed bread, noodles and products with different regional characteristics. The second is to promote industrial development. Continue to do a good job in the pilot development of potato staple food, reduce the cost of potato planting and staple food processing, improve product quality and meet the needs of consumers. The third is to strengthen publicity and guidance. Make full use of TV, radio, internet and other media, vigorously carry out popular science propaganda, guide healthy consumption, and create a staple food culture in a well-off society.

Corn will not be the "second soybean"

CCTV reporter:In the interview, we noticed that corn has been greatly reduced this year, and it was originally planned to reduce by 10 million mu, which is expected to exceed this area this year, and the import of corn and its substitutes is increasing, so some people are worried that corn will become the "second soybean".

Zeng Yande:At present, there is a staged oversupply of corn, which is caused by many factors. Basically, there are two things: first, the domestic supply has increased. In the past 12 years, the area of corn has increased by 210 million mu, exceeding the increase of grain area in the same period. The output increased by 217.5 billion Jin, accounting for 57% of the grain increase in the same period. Second, the import of corn and substitutes increased. As we all know, affected by the price difference at home and abroad, the import of corn and its substitutes has gradually increased in recent years. Last year, we imported more than 4.7 million tons of corn, up 82% year-on-year. At the same time, sorghum, barley and other substitute varieties are imported more. Last year, 10.7 million tons of sorghum and 10.73 million tons of barley were imported, up by 85% and 98% respectively. In addition, some cassava and corn distiller’s grains were imported, and the increase of corn production and foreign imports "met", resulting in a large increase in inventory.

Will corn become the "second soybean"? From two aspects, in the short term, there is not less corn, but more corn, so we should take the initiative to reduce corn and reduce the inventory pressure. In the long run, corn, as energy feed and processing raw materials, is a variety with increasing demand and should develop steadily.

We believe that corn will not become the "second soybean", mainly based on the following judgments: First, as an important grain variety, corn should be protected. The central government clearly put forward the national food security strategy under the new situation, and also clearly put forward the strategic bottom line of "ensuring the basic self-sufficiency of grain and the absolute safety of rations". This shows that wheat, rice and other grain varieties must be guaranteed, and corn, as an important grain variety and energy feed, should also maintain a stable self-sufficiency level, which is strategically determined. Although the current supply of corn exceeds demand in stages and needs to be reduced appropriately, there will be many policy measures to maintain the stable development of corn production if there is a sharp decline in corn production and once the national food security is endangered.

Second, the current reduction is in a non-dominant area with limited impact. Just now, Minister Yu said that our current round of adjustment is to appropriately reduce the cold and cool areas in the northeast, the farming-pastoral ecotone in the north, the arid areas in the northwest and the rocky desertification areas in the southwest while consolidating the dominant production areas. We call this area the non-dominant production areas in the "sickle bend" area, and the impact of reduction in this area on food security is limited.

Third, there are trade control measures, which can play a role. According to the WTO commitment, we have no quota restrictions on soybean imports, and implement a single tariff management, with an import tariff of 3%. The corn is subject to quota management, with a total quota of 7.2 million tons, and the tariff within the quota is 1% and the tariff outside the quota is 65%. In recent years, the actual annual import of corn in China is within the quota, mainly because the import of substitute products has increased a lot. In addition, we should see that the world soybean trade volume is 117 million tons, which is higher than China’s soybean consumption, and the import supply is sufficient; The world corn trade volume is only about 120 million tons, accounting for only about 60% of China’s corn consumption. We often say that if the price of oil rises above a certain level, a considerable part of corn will be converted into fuel ethanol, and the supply of corn will be reduced. Therefore, it is unrealistic to import in large quantities.

We should also see that during the "Thirteenth Five-Year Plan" period, the state carried out large-scale construction of high-standard farmland, and proposed to ensure the construction of 800 million mu, and strive to build 1 billion mu of high-standard farmland that is concentrated and contiguous, stable and high-yield, and eco-friendly, so as to realize "storing grain in the ground". It can be said that we are confident in ensuring national food security, and it is possible to secure Chinese’s rice bowl.

Let our aquatic products be raised, sold and eaten.

Economic Daily reporter:Aquatic products are a hard dish on our dining table. With the improvement of our living standards, people are spending more and more on this hard dish, and the quality effect is getting higher and higher. How can we meet people’s increasing consumption demand for aquatic products and ensure the market supply of aquatic products?

Zhao Xingwu:As the saying goes, "No fish, no table". China’s aquatic products took the lead in realizing the market-oriented reform. In the past 30 years, the fishery has maintained rapid development, which has already solved the problem of eating fish. In 2015, the total amount of aquatic products in China reached 66.9 million tons, and the per capita possession of aquatic products was 48.65 kilograms, providing one third of high-quality protein for urban and rural residents. As we all know, at present, the supply of aquatic products market is sufficient, and the supply of traditional aquatic products such as the four major fish is excessive, and some even have serious pressure on ponds. Fisheries have entered a new normal of difficulty in selling fish, facing new problems of product structure optimization and consumption level upgrading. We are vigorously promoting the transformation and upgrading of fisheries, constantly optimizing the production structure of aquatic products by changing modes and adjusting structures, and constantly meeting the needs of the rapid upgrading of residents’ consumption structure. In short, it is to raise, sell and eat.

To raise them is to take the market demand as the guide, promote the optimization of breeding structure, encourage fishermen to raise more ecological fish and marketable fish, increase the production of high-quality and safe aquatic products, reduce the surplus staple goods varieties, reduce the ineffective supply, and let high-quality fish, shrimps, crabs and shellfish enter people’s homes and become home-cooked dishes. To sell is to intensify market development, strengthen brand creation, build a number of regional and national famous brands, encourage the innovation of aquatic products circulation channels, support the construction of cold chain logistics system for aquatic products credit, develop e-commerce and online sales with the help of the Internet, and promote high-quality aquatic products to enter supermarkets, communities, schools, enterprises, barracks and families. Eating it means supporting the development of aquatic product processing, strengthening the research on convenient and quick aquatic product processing, promoting primary processing, intensive processing, comprehensive utilization and coordinated development, making eating fish more convenient, easier, more time-saving, more convenient and more fashionable, and promoting the revolution of eating fish. To sum up, it is to raise fish, sell fish, eat fish, eat to promote nutrition, sell to help raise, add to help eat, and protect food.

In a word, it is to promote the structural reform of fishery supply side, push fishery to extend to the high end of industrial chain and price chain, produce more aquatic products with high quality and low price, and let the people eat green, safe and safe aquatic products.

Happy life in the farmer’s market

  Editor’s Note: The farmers’ market is the "vegetable basket" of thousands of households, which is the responsibility of the people’s livelihood, the government and the necessity of public services. The Municipal Party Committee and the Municipal Government attach great importance to the transformation and upgrading of farmers’ markets as an important unit to promote the high-quality development of our city and build a model city of common prosperity. This year, the city once again incorporated the transformation and upgrading of the farmer’s market into the annual livelihood practical project, and intensified efforts to build a farmer’s market that is more people-friendly, convenient, beneficial and beneficial to the people. This issue of "Politics for the People" focuses on the transformation and upgrading of the farmers’ market and pays attention to the happy life in the "vegetable basket", so please pay attention.

  Life is in the "vegetable basket". The quality of the "food basket" is directly related to the quality of citizens’ life and the taste of the city.

  Since last year, Jiaxing has started a new round of transformation and upgrading of farmers’ markets. This year, the transformation and upgrading of farmers’ markets will once again be included in the municipal government’s livelihood projects, and 74 urban and rural farmers’ markets will be transformed and upgraded to achieve full coverage of the city.

  After the transformation and upgrading of the farmers’ market, how is the public’s "vegetable basket"? What kind of happy new experience is it to visit the farmer’s market? In the past few days, reporters have conducted in-depth interviews.

  The characteristic vegetable market is full of fireworks.

  In September, the favorite bite of Jiaxing people-Nanhuling went on the market. After Portunus, hairy crabs also climbed the table of Jiaxing people. People who are busy pasting autumn fat are also used to adding some beef and mutton to the vegetable basket. These foods are undoubtedly on the C position of the food market booth.

  Just as there are popular dishes in every season, there are some good "conspicuous bags" in every market. Their prominence lies in the long queues of customers, the comfort of closing the stalls early, and even the posture of opening the cash box to count banknotes.

  There are three "conspicuous bags" at the Happy Li Farmers’ Market in Yangliuwan, the urban area. The "Dongdong Beef and Mutton" booth is one of them.

  Xiao Yumei, the stall owner, said, "I can sell a cow in one day on weekends." In addition to retail, she also supplies wholesale for several other food markets. "We have slaughterhouses, which can guarantee that the beef and mutton are fresh and cheap every day, so old customers will come to buy them." Xiao Yumei said confidently, for example, on the day of the interview, the beef tenderloin of the stall was sold at 50 yuan per catty in 46 yuan, and other food markets had to sell it.

  With the pursuit of old customers, Xiao Yumei’s business is handy. At 11 o’clock in the morning, she has already collected the stalls and counted out the hundred-dollar bills from the box where the money was collected. "There are more than 7,000 pieces here, and there should be more than 10,000 pieces paid by scanning the code."

  Xiao Yumei has been engaged in beef and mutton business for more than 30 years, and has been in Yangliuwan farmers’ market for nearly 17 years. Four years ago, the transformation of Yangliuwan Xingfuli Farmers’ Market was completed. She was optimistic about the business here, invested money when bidding, and got the top position near the Xiaojing rest area at the front end of the East Gate Corridor.

  "In the first two years of transformation, many people knew about the farmers’ market in Yangliuwan Happiness, and they all came here to punch in, which brought me a wave of business. I am right in Yangliuwan, and I am prosperous here. " Xiao Yumei is quite satisfied.

  Another "conspicuous bag" of the farmers’ market in Happiness in Yangliuwan is "Old Wang Bai Chicken". The stall owner, Lao Wang, can cook more than 20 white-cut chickens a day. One white-cut chicken is about 5 kg, and it sells for one kg in 32 yuan. It was sold out before 10 am on the day of the interview. "If it is a holiday, it will be sold out at 8 o’clock in the morning." Lao Wang is a little proud.

  Because it sells cooked food, the operating rooms of "Old Wang Bai Chicken" are all separated by glass, and the air conditioner inside shows 25 degrees Celsius, so "three defenses" and "three whites" are in place. "I’ve been making boiled chicken for 14 years, and it tastes authentic in Jiaxing." Lao Wang said, "After the market is transformed, everything is comfortable, and doing business here is always accented."

  After the completion of the transformation, aquatic products have become the characteristics of the farmers’ market in Yangliuwan Happiness. The most conspicuous position in the market is the aquatic product booth at the east gate. At eleven o’clock in the morning, there were only four "disabled soldiers" left in a big red basin. In addition to setting up a stall here, the stall owner also supplies other food markets, and it is also fresh and cheap. When she was about to interview, she shook her hand at the reporter: "Wait for me, I’ll go to the bathroom first, and I haven’t stopped all morning."

  Waiting for her gap, the reporter went to see the passenger flow registration system in the farmer’s market. The system showed that by 11 am, the passenger flow in the farmer’s market had exceeded 5,000. Wang Huiliang, head of the farmer’s market, said: "It is normal to have more than 5,000 people on weekends, and we usually have more than 4,000 people."

  The market is rejuvenating and people’s livelihood is seeing feelings.

  Every farmer’s market has one kind or another "conspicuous bag". For example, the pork stalls and vegetable self-produced and self-sold stalls in xincheng town Farmers’ Market in Xiuzhou District have driven the annual operating income of the market to exceed 100 million yuan; The seafood stalls at the New Farmers’ Market in the Economic Development Zone of Jiaxing are hot for holiday king crabs, and the fish platter makes people shine. An egg stall in the neighborhood center of Xingfuli, Lingtang Road, sells more than 20 varieties of eggs …

  These online celebrity products and online celebrity stalls with management ideas, quality awareness and persistence in sustainable management can continuously attract customers and brand the farmers’ market with fresh, cheap and distinctive dishes.

  During the transformation and upgrading of this round of farmers’ market, market operators invariably choose to support these excellent booths and enlarge the booth area so that they can display them. Yangliuwan Xingfuli Farmers’ Market has been reduced from more than 300 booths before the transformation to 89 booths at present, and it has been fully rented. Changxin farmers’ market also takes the route of "big stalls", which makes the whole market more stretched and transparent.

  The original intention of the transformation and upgrading of the farmers’ market is to make people feel more at ease and comfortable in buying food. In the final analysis, it is necessary to implement the daily operation and benign service of business households and make people fall in love with buying food. After the transformation is completed, the market business will be better than before, and the transformation will be successful, and the hot and exquisite fireworks will be there.

  This exquisite fireworks gas comes from the high standard, high starting point and high level of this round of farmer’s market transformation and upgrading. Different from the previous minor repairs, this round of farmer’s market transformation and upgrading has greatly improved the overall software and hardware facilities in accordance with the requirements of star-rated farmer’s market by means of reloading and reappearing.

  Jiang Xiongwei, director of the Market Management Department of Jiaxing Municipal Market Supervision Bureau, told the reporter that just taking the renovation and upgrading of 29 farmers’ markets at the city level this year as an example, the total capital investment of all parties has exceeded 600 million yuan. "Market operators also have a strong willingness to transform, and they are conceptually aware of the sense of crisis that they will be eliminated if they do not change."

  After this round of transformation and upgrading, the face of the farmer’s market has changed, which is obvious to all and well-known. "The food market is like a supermarket" has become a unified impression and unanimous evaluation of Jiaxing citizens on the farmers’ market around them.

  Up to now, the average progress of the renovation and upgrading project of farmers’ markets in the city is 73.5%, including 52 in-situ renovation, 16 relocation and reconstruction, and 6 transformation and production conversion. A new batch of farmers’ markets in Happiness will be reloaded soon.

  Buying food+full of happiness in life

  Blowing air conditioners and selling vegetables, Xia Mingrong, a farmer’s market operator in Yangliuwan Happiness, said: "The electricity bill is a small sum of money, and it is well spent. When the environment is good, guests are willing to buy food and they are comfortable. "

  After the renovation and upgrading of this round of farmers’ market is completed, people will find that the familiar market not only has a beautiful environment and complete facilities, but also has many "small fortunes" that are eye-catching and happy.

  For example, it is particularly convenient to drive to Changxin Farmers Market to buy food. The market has been upgraded to the standard of five-star farmers’ market, including not only ground parking lots, but also underground parking lots, and the underground parking lots have elevators directly to the market.

  In addition to excellent seafood and aquatic products, this market also has many kinds of pork, including high-end brand pork and cheap pork. There is even a flower booth introduced here, which allows you to buy food, meat, fruit and flowers at one time, which is of high quality.

  The reporter noted that paying attention to the renovation and improvement of barrier-free facilities is a warm point in the renovation and upgrading of this round of farmers’ markets and has become a window of urban civilization.

  In addition, small animals are also concerned. A number of farmers’ markets visited by the reporter have posted "no pets allowed" tips. On the day of the interview, the reporter met a couple at the Happy Li Farmers’ Market in Yangliuwan, and tied the dog to the post outside the security room of the market, so that the security brother could help him take care of it.

  When market stalls are operated through electronic display screens, electronic price tags and code scanning payment become "standard", and some markets begin to think about how to do customer interaction well.

  For example, on the entrance screen of Xiuxin Farmers’ Market in Xiuzhou District, in addition to scrolling the pesticide residue detection results of various vegetables, the information of special dishes of the day is also published on the screen, which is convenient for customers to follow the map.

  Insert wisdom wings to make it easier to buy food. In terms of the construction of smart farmers’ markets, Haining is at the forefront of the city.

  In February last year, Haining proposed to vigorously promote qualified and qualified farmers’ markets to implement "changing agriculture into supermarkets", explore the construction of a new urban farmers’ market with "new retail and smart farmers’ markets", realize the functions of "smart farmers+experiential canteen area+brand convenience store +App online convenient shopping", accelerate the application of smart management system in farmers’ markets, and build a management platform for background software (transaction database) of farmers’ markets. The digital system of "vegetable basket" has basically been established.

  In the increasingly trendy farmers’ market, minor repairs and small supplements have made the public feel the "ancient warmth". Mending, repairing shoes, repairing umbrellas, matching keys, sharpening knives, sticking films on mobile phones, and cleaning range hoods … these convenience services that ordinary people need are still reserved in the farmers’ market. A special area for small repairs was set up on the second floor of Changxin Farmers’ Market. The area of Xingfuli Farmers’ Market in Lingtang Road is not large, but it still retains a booth for making and changing clothes, and a convenient booth for matching keys in a conspicuous position.

  "Minor repairs are needed by the people; Needle thread brain is also a business. " Jiang Xiongwei said, "We advocate that the farmer’s market should keep small repairs and make up booths, which is also the meaning of improving the’ quarter-hour convenience service circle’."

  The "small fortunate" of the farmer’s market is also reflected in the integration of community services and cultural facilities into the farmer’s market and the completion of the "food market+"article, which has become a warm color for the transformation and upgrading of the farmer’s market this round. It is nothing new to walk the baby upstairs in the market, to participate in community cultural and sports activities in the market and even to have tea, walk and chat in the garden upstairs in the market.

  When the farmer’s market is becoming more and more fashionable, diversified and capable, the action of buying food is used to connect the convenience life circle in series, which reflects the "happy life" in the farmer’s market and also embodies the governance wisdom of "politics for the people".

Audi R8 e-tron self-driving concept car launched in the world.

    [XCAR domestic new car original]

    At the first CES ASIA, which recently opened in Shanghai, Audi’s R8 e-tron piloted driving concept car made its world debut. The car adopts pure electric drive, and the maximum cruising range is 450km, which can realize automatic driving.

    Tip: Audi R8 e-tron piloted driving can realize automatic driving; Pure electric drive

The car adopts pure electric drive, and the cruising range of pure electric is more than 450km, which can be realized.

 

    It can be said that this is a "future" car with dual motor drive, carbon fiber lightweight body structure, the latest lithium-ion battery technology, CCS hybrid charging system and automatic driving function.

    However, in terms of design, the car tends to be consistent with the new generation Audi R8 e-tron that was first launched at the 2015 Geneva Motor Show, but some differences can be seen in the details.

The car adopts pure electric drive, and the cruising range of pure electric is more than 450km, which can be realized.

    It is reported that in order to reduce the weight of the car body, some parts of the R8 e-tron self-driving concept car body are made of aluminum alloy and carbon fiber resin composite (CFRP).

 

    In terms of power, the Audi R8 e-tron self-driving concept car is equipped with a pure electric system. The maximum power of the two motors is 170kW(231Ps) and the peak torque is 460Nm. The total power output is 340kW(462Ps) and the combined torque is 920Nm.

The car adopts pure electric drive, and the cruising range of pure electric is more than 450km, which can be realized.

    Under this system, the 0-100km/h acceleration time of the car is 3.9 seconds, and the maximum speed is 250 km/h. In addition, in pure electric mode, its cruising range can reach 450 kilometers, and it will not be fully charged for more than 2 hours.

The car adopts pure electric drive, and the cruising range of pure electric is more than 450km, which can be realized.

    As for the auto-driving, which is emphasized by the car, it can only be understood at present that because it is equipped with a new laser scanner, ultrasonic sensors, multiple video cameras and radars, the information can be converted into signals and sent to the central controller (zFAS) to "know" the surrounding environment of the car well. 

The car adopts pure electric drive, and the cruising range of pure electric is more than 450km, which can be realized.

    Edit commentsLike the former new energy vehicles, the emerging driving technology concepts such as driverless and autonomous driving are setting off an upsurge, but I don’t know how far pure autonomous driving will go into our real life. Because at present, autonomous driving is basically used as an auxiliary driving function to play its "charm" in production cars. So, maybe the real driverless and autonomous driving will come soon, or maybe for the time being, it is just an inspiration and beautiful imagination for future driving technology.

Related content review:

Audi R8 e-tron production version information is expected to be released this year.    

Comments on the Management of Wentou Holding’s 2023 Annual Board of Directors

() The operating comments of the Board of Directors in 2023 are as follows:

  I. Discussion and analysis of business conditions

In 2023, the company closely followed the development trend of the industry, closely combined with the company’s business practice, further consolidated the stock business, optimized the asset-liability structure, promoted the disposal of inefficient assets in an orderly manner, and sought the company’s stable, healthy and sustainable development.

(1) Operation and management of cinemas and cinemas.

In 2023, the company’s cinema and cinema business actively grasped the favorable trend of industry recovery and promoted cost reduction and efficiency improvement. Strengthen the operation and deployment in key schedules, increase box office revenue, optimize and adjust the categories of cinemas, expand diversified cinema business models, and increase non-ticket income. Among them, Beijing Yaolai Jackie Chan Studios Wukesong Store resumed business on the eve of the National Day in 2023. On the opening day, the box office ranked first in Beijing, and the National Day box office ranked first in the country. The company further promoted the standardization of cinema operation, strengthened refined management, continuously reduced operating expenses by reducing rents, personnel costs and comprehensive energy consumption, shut down the inefficient cinemas and optimized the overall financial situation of the surviving cinemas. By the end of 2023, the company continued to operate 36 cinemas and 283 screens. During the reporting period, the company’s cinema sector achieved a total box office of 318 million yuan (excluding service charges), accounting for 0.63% of the total box office in the country, achieving a decrease in the number of cinemas but an increase in revenue compared with last year; Ranked 17th by box office revenue, with an annual movie attendance of 8.1581 million.

(2) Film and television investment production and distribution business

During the reporting period, the company’s film and television related business closely combined with the development trend of the industry, further adjusted its business strategy, reduced the total investment scale, and further emphasized the choice of themes and partners. Focusing on the strategic positioning of Beijing National Cultural Center, the company participated in the release of many film and television works that promoted the main theme and spread positive energy, and achieved good social and economic benefits.

In terms of film distribution, the company participated in the production and distribution of the official film Beijing 2022 for the Winter Olympics, the film Procuratorial Storm produced in cooperation with the Supreme People’s Procuratorate Film and Television Center, the work about animal protection, Dog Romance, and the inspirational film for rural children, Dream in the Mountains, and other films were successfully released. Among them, "Beijing 2022" was selected as the opening film of Beijing International Film Festival, selected as the key project of Beijing Cultural Boutique Project, and became the world’s first official Olympic film released by commercial cinema; He was reported by Xinhua News Agency, People’s Daily, CCTV News and other media, and won the mainland box office champion in 2023, the documentary attendance champion in 2023, the Dragon Boat Festival, the 61st documentary and the box office champion of sports films in the mainland. He was selected as the opening film of the 12th Beijing International Film Festival, nominated for the best documentary in the 36th () Golden Rooster Award, and won the golden wreath award and the "Olympic and Paralympic Spirit" unit of the 2023 Milan International Sports Film and Television Festival. In addition, during the reporting period, the film Our Winter Olympics, which was produced and distributed by the company, won the Golden Garland Award in the Film Unit of Milan International Sports Film and Television Festival 2023, the film My People,My Country The Wandering Earth, which was produced and distributed, won the Excellent Feature Film Award of the 18th China Film China Watch Award, and the film Miracle-Stupid Child, which was produced and distributed, won the Excellent Feature Film Award of the 19th China Film China Watch Award.

The TV drama and online drama business focuses on the main theme and positive energy projects. During the reporting period, China’s first big-screen film "Prosecutions" and China’s first TV series "Prosecutions" with the theme of procuratorial organs cracking down on new cyber crimes were broadcast in April and May, 2023, respectively. The theme came from the vigorous development of people’s procuratorial work in the new era, which has attracted the attention of the whole people and social familiarity, embodied people-centered creative thinking, and presented a distinct realistic view and positive social influence. The TV series "Days of Iron Horse’s Passion" with strong Beijing characteristics deeply digs into the great historical value of Changxindian, a thousand-year-old ancient town in southwest Beijing, as an important town of manufacturing development in China, the source of revolutionary history and the starting point of the workers’ movement, shows the century-long struggle of China’s national industry represented by railways, shapes a group of characters with distinctive personalities, and carries forward the "artisan spirit" of China’s national industry.

(3) Game R&D and operation business

During the reporting period, the company adhered to the business strategy of creating high-quality games, and started from the aspects of improving product quality and exploring new product categories to continuously improve the efficiency of research and development, distribution and operation of the company.

In terms of market expansion, the company actively explores new modes of cooperation, builds an ecosystem of research, development and transportation oriented by products, markets and users, and forms a benign synergy within the ecosystem; Through strategic cooperation and deep customization, we will gradually form a content-side product matrix to expand and enrich the revenue sources of game R&D and operation business. In 2023, the company’s flagship product "Siege the World" has maintained a stable total flow since it was launched in 2021 through continuous innovation in gameplay and continuous improvement in planning level. In 2023, the global flow reached 941 million yuan; The previous product, Siege Three Kingdoms, continuously improved the entertainment and user experience of the game by calling players to test and verify the core gameplay and listening to players’ suggestions, and launched a series of marketing methods such as the return of old users, which continued to slow down the decline of the original mature products. After years of operation, it continued to exert its strength. In 2023, the global water flow still reached 135 million yuan.

In terms of new game reserves, during the reporting period, the company added two new game products and reserves, which are expected to be launched online in 2024. Among them, Strange Tales of Immortal Fairy (tentative name) is a 3D multiplayer online role-playing product, which is a strategic product for the company to explore high-quality content. It is expected to be launched in June 2024. This product has made diversified innovations in product types, themes, artistic expression and gameplay, and is expected to become the main product of the company. The Three Kingdoms War 2 (tentative name) is a customized game on the H5 platform, which is expected to be launched in October 2024. The product is technically committed to improving the performance of the product engine, improving the quality of art and sound effects of the product, so as to meet the user’s experience demand for high-quality games; In planning, we will devote ourselves to gameplay innovation, design innovation and process optimization to meet the needs of users in interesting and fluent experience.

The company’s own distribution channel "Huluxia" APP channel has further exerted its strength. By the end of 2023, the registered users of "Huluxia" APP reached 37.1529 million, and the cumulative installation amount reached 375 million times. Compared with last year, the monthly active users of the platform increased steadily, showing a strong user base and market potential. In addition, Huluxia platform has completed the development of H5 operation port. In the future, it will do a good job in daily product cooperation with major game manufacturers, create stable game intermodal revenue, and continuously expand the H5 small game intermodal business to increase the game intermodal revenue. At the same time, the team made a major version update on the basis of the original Huluxia platform. Through the newly developed Android virtual machine APP system, the user experience of the game was better enhanced, the user activity and market competitiveness of the platform were enhanced, and the comprehensive income level was further improved.

(D) Promote the withdrawal of inefficient assets and optimize the asset structure.

During the reporting period, the Company concentrated its efforts on promoting the disposal of inefficient assets and the withdrawal of equity investment projects, designed different asset disposal schemes according to the characteristics of different assets and projects, and actively took judicial measures such as litigation and arbitration to speed up the implementation of payment collection. Actively use various means to optimize the company’s asset-liability structure, increase the recovery of film and television project funds, further revitalize assets, increase cash inflows, and lay the foundation for the company’s stable, healthy and sustainable development.

Ii. the industry in which the company is located during the reporting period.

(A) the film and television industry

1. Industry development

(1) Film industry

In 2023, China’s film industry showed a positive development trend, not only in the box office and movie attendance, but also in the diversification of content and the rise of domestic films, showing the vitality of the industry and showing a positive growth momentum.

The recovery of movie-watching demand has driven the market to rise, and domestic films have become the absolute protagonists. According to the data of the National Film Bureau, the total box office of China movies reached 54.915 billion yuan (including service fees) in 2023, returning to the level of 2017, and the number of people watching movies in city cinemas reached 1.299 billion, a record high in the past four years, and the audience’s willingness to watch movies rebounded obviously. With the continuous improvement of the quality and diversification of the content of domestic films, domestic films occupy an increasingly important position in the market, and the box office of domestic films is 46.005 billion yuan, accounting for the proportion.

83.77%, surpassing the record high in 2019. A total of 11 films broke 1 billion at the box office in the whole year, all of which were domestic films; 29 films with a box office of more than 500 million, including 24 domestic films; There are 73 films with box office exceeding 100 million, including 50 domestic films.

Industry production and supply have picked up, and creative enthusiasm has improved. According to the data of the National Film Bureau, 792 feature films were produced in 2023, with a total output of 971 films. In 2023, a total of 510 films were released, including 432 domestic films and 78 imported films. According to the 2023 national film script (synopsis) filing and project publicity data released by the State Film Bureau, in 2023, there were 3,008 films filed and approved nationwide, up 60.34% year-on-year, achieving the first substantial increase in the past five years.

The output value structure of cinemas has recovered well. According to the Annual Inventory Report of China Film Market in 2023 released by Lighthouse Research Institute (), in 2023, there were 12,723 box-office cinemas in China city cinemas, and the number of screens rose to 86,000. The construction of cinemas slowed down, and new cinemas were mainly distributed in third-and fourth-tier cities. The number of medium and high output value cinemas has rebounded, and the number of cinemas with annual box office less than 5 million has dropped. The output value structure of cinemas is healthier than that in 2020-2022. However, due to the obvious effect of box office schedule, 40% to 60% of cinemas are still more dependent on the popular schedule of Spring Festival and summer vacation than the industry average.

(2) TV series industry

The number of TV series on-line continues to decrease, and the creation and production have entered a rational and standardized stage. According to the data in the 2023 China Drama Development Report of the State Administration of Radio and Television and the Development Research Center of the State Administration of Radio, Film and Television, in 2023, 156 dramas with 4,632 episodes were produced nationwide and obtained the Domestic TV Drama Distribution License, which was slightly lower than that of 160 dramas with 5,283 episodes in 2022. The number of TV dramas decreased for eleven consecutive years, and the total number of episodes decreased for eight consecutive years. In 2023, there were 538 national TV drama production records and publicity plays, 67 more than in 2022. This is the first time that the number of TV drama production records has rebounded since the "seven consecutive declines" in 2016. In 2023, a total of 561 online dramas passed the planning and filing, which continued to decline compared with 660 in 2022 and 1,172 in 2021.

The distribution and broadcasting pattern of drama series has undergone profound changes, and the cooperation between Taiwan and the Internet has developed in depth. In the drama market, the proportion of copyrighted dramas is decreasing, while the proportion of customized dramas and sub-account dramas is increasing. The production system of platform-made dramas is becoming more and more mature, and the quality of works is constantly improving, showing a trend that platform-made dramas and self-made dramas replace copyrighted dramas and become the mainstream of the market. Major video platforms are becoming important drama suppliers for TV stations. Compared with the main video platform and the Central Radio and Television Headquarters, the competitiveness of provincial satellite TV stations has dropped significantly, and the advertising revenue has dropped significantly, which has restricted the TV stations’ ability to purchase excellent dramas. The solo broadcast of the five David TV theaters is scarce, and the spell broadcast has become the norm. It has become the norm for the second and third satellite TV stations to broadcast two rounds of dramas, multiple rounds of dramas and simulcasts in prime time at night.

2. Changes in industry policies

On May 21, 2023, the Announcement on the Policy of Exempting Special Funds for the Development of National Film Industry in Phases (Announcement No.9 of the State Film Bureau of the Ministry of Finance in 2023) was exempted from the special funds for the development of national film industry from May 1, 2023 to October 31, 2023. On September 22, 2023, Announcement on Continuing to Implement the Value-added Tax Policy to Support the Development of Cultural Enterprises.

(Announcement No.61 of the State Administration of Taxation, Ministry of Finance, 2023), the income from selling movie copies (including digital copies), transferring movie copyrights (including transfer and licensing), movie distribution income and movie screening income obtained by film group companies (including member enterprises), film studios and other film enterprises that are engaged in film production, distribution and screening according to their functions and powers. The city film screening service provided by ordinary taxpayers can choose to calculate and pay the value-added tax according to the simple tax calculation method according to the current policy. This announcement will be implemented until December 31, 2027.

On August 9, 2023, the Notice of the State Administration of Radio and Television on Further Standardizing the Planning, Filing and Content Review of TV Drama, Online Drama and Online Movie (Guangdian Fa [2023] No.26) was issued, which made clear and emphasized matters such as filing and publicity, filing before broadcasting, governance of water-flooded drama and sky-high film remuneration. Under the policy guidance and the ever-changing market environment, the TV drama industry continues to reduce and improve the quality and deepen the content to create high-quality excellent dramas.

(2) The situation of the game industry

1. The game industry

The domestic game market has obviously picked up. According to the Game Industry Report of China in 2023 and the Game Research Report of China in 2023 jointly compiled by the Game Working Committee of China Music and Digital Association, China Game Industry Research Institute and Gamma Data (CNG), in 2023, the global game market scale was 1,177.379 billion yuan, up 6.00% year-on-year, and the actual sales revenue of the domestic game market was 302.964 billion yuan, up 13.95% year-on-year. Among them, the actual sales revenue of China’s self-developed games in the domestic market was 256.375 billion yuan, up 15.29% year-on-year, among which the actual sales revenue of mobile games increased significantly, accounting for 74.88% of the revenue. The global mobile game market is about RMB 606.267 billion, up by 1.98% year-on-year. The actual sales revenue of China’s mobile game market was 226.86 billion yuan, a year-on-year increase of 17.51%, setting a new record.

The actual overseas sales revenue of self-developed game products decreased year-on-year. According to the Research Report on Games Going to Sea in China in 2023, in 2023, the actual overseas sales revenue of self-developed products in China was USD 16.366 billion, down 5.65% year-on-year. After 2022, it declined again, and the decline rate expanded, so the game going to sea was under great growth pressure. The United States and Japan are still the main overseas markets of China’s mobile games, accounting for 32.51% and 18.87% respectively; South Korea ranks third with 8.18%. In addition, Germany, Britain and Canada together accounted for 9.45%. Overseas emerging markets such as the Middle East and Latin America have not seen significant improvement.

2. Policy changes in the game industry

In 2023, the distribution frequency of game version numbers is relatively fixed, and the number of distribution has also increased significantly. According to official website of the State Press and Publication Administration, in 2023, 1,075 versions of games were issued, far exceeding the 512 versions in 2022. The distribution of the version number in 2023 shows that the competent authorities have begun to show greater transparency and stability in the approval of the version number, which provides more clear market expectations for game companies. At the same time, the support attitude towards high-quality content and innovative games has brought new development opportunities to the industry.

On November 17, 2023, the State Press and Publication Administration issued the Notice of the State Press and Publication Administration on Implementing the Publishing Project of Online Games (Guoxin Departure Letter [2023] No.230), and decided to select a number of online games with correct value orientation, rich cultural connotation and entertaining, so that positive energy will become the main tone for the development of online games. The circular pointed out five key directions: spreading socialist core values, inheriting Chinese excellent traditional culture, showing the development achievements and features of the new era, promoting scientific and technological innovation and application of new technologies, and having international market potential.

On December 22, 2023, the State Press and Publication Administration publicly solicited opinions on the Measures for the Administration of Online Games (Draft for Comment), covering online game approval, content management, distribution and trading of game coins and virtual props, publicity and promotion, and protection of minors. Articles 17, 18 and some other contents of the exposure draft have great influence on the current game industry and are concerned by all parties.

Iii. Business of the Company during the reporting period

(a) the main business.

The company is mainly engaged in the business of film and television and games and its derivative "culture+"business. The main business sectors include cinema and cinema operation management, film and television investment production and distribution, game research and development and operation, and "culture+"business, involving cultural and entertainment-related industries.

(2) Business model

1. The main business model of cinema and cinema operation management business.

The cinema operation business mainly provides film screening services to movie audiences, and also engages in value-added services such as cinema sales and derivative sales, as well as film patch advertisements and cinema venue advertisements. The cinema operation business is mainly for the unified film arrangement and film supply management of subordinate cinemas. Studios and cinemas mainly earn income by collecting non-box office income such as box office accounts, sales and advertisements.

2. The main business model of film and television business

The film investment and production business is mainly for the company to select high-quality themes through careful evaluation and market analysis, develop scripts independently or jointly with other partners, build a crew, and shoot and produce, and finally share benefits and risks according to their respective investment ratios or contractual agreements.

The film distribution business is mainly to promote films to cinemas and cinemas, negotiate with cinemas, arrange film screenings and other services, and obtain income by collecting distribution commissions and fixed returns.

The TV drama investment and production business is mainly for the company to jointly invest in TV drama projects with other investors, or for the company to provide IP and scripts and entrust a third party to produce and shoot TV dramas for the company, and to obtain income or share by transferring the right of communication to TV stations and online video platforms.

3. The main business model of the game business

The company’s main business includes research and development, distribution and operation of mobile games and web games. The company’s online game operation business is divided into three modes according to different operation modes: independent operation, authorized operation and joint operation.

The R&D and operation business of online games is mainly to create high-quality mobile games, web games and other product contents under the established R&D, distribution and channel industrial chain pattern, and to distribute and promote them through cooperation with major game platforms at home and abroad, as well as their own game platforms, so as to obtain income or share through game download income and props sales.

4. The main business model of "Culture+"business

"Culture+"business is based on the company’s strategic development plan, around the company’s existing main business, based on the company’s own brand advantages, diversified layout in the cultural field, expanding the company’s income channels and enhancing the company’s competitiveness.

Iv. analysis of core competitiveness during the reporting period

1. Have a competitive cinema.

During the reporting period, the company’s studio sector achieved a total box office of 318 million yuan (excluding service fees), accounting for 0.63% of the total box office in the country, ranking 17th in terms of box office revenue. The company’s Yaolai Studios Beijing Wukesong Store re-led the country after resuming business on the eve of the National Day. On the opening day of September 28, it won the first box office in Beijing Studios with a box office of 137,000 yuan. In the National Day period, the box office with service reached 2,451,200 yuan, ranking first in the national cinema single store; In the Spring Festival of 2024, it won the national cinema single-store box office champion for 8 consecutive days. The company’s studio has established a stable self-owned membership system, and the membership box office accounts for more than 20%.

2. It has a relatively complete film and television industry chain.

The company’s film and television business covers many links such as production, distribution, cinemas and cinemas, and completely covers the industrial chain system of the film and television industry, providing a powerful and perfect platform for the production, distribution and projection of the company’s film and television works, enabling the company’s various business sectors to coordinate resources, maintain control over film and television products in all links, improve overall operating efficiency, strengthen the sustainability of high-quality content output, and maximize value.

3. Have more efficient game research and development capabilities.

After several years of rapid development and technical accumulation, the company’s game business has continuously strengthened its research and development strength and greatly improved its product quality. The company actively promotes the strategy of "integration of research and transportation", adheres to the strategy of "quality, diversification and globalization", attaches importance to R&D investment and personnel training, and has excellent and efficient R&D capabilities. The self-developed products have the characteristics of high success rate and long cycle. The company has successively launched a variety of self-developed boutique games with a monthly flow of over 100 million yuan. At the same time, the company vigorously upgraded and optimized the R&D project establishment mechanism, established diversified indicators, and set up an incentive ladder system for different categories of products through diversified incentives to better stimulate the enthusiasm and creativity of employees.

4. Have refined long-term game operation ability.

The company combines market characteristics with rich experience in game research and development and operation, and has the ability of refined long-term operation, effectively extending the product life cycle. Through systematic, differentiated and customized traffic operation mode and perfect operation service, the company actively extends the life cycle of high-quality games from the aspects of product game activity planning, gameplay innovation and user’s game experience. The company adheres to the design and operation concept of game player-oriented, attaches importance to all aspects of product quality and customer service, deeply listens to the opinions of the majority of players on the products, responds to market changes in time, adjusts the delivery strategy, and satisfies the player’s game experience through rapid version update and breakthrough in gameplay, which makes the company’s various games have a good reputation and popularity, and has accumulated a certain loyal user group.

5. Strong resource integration ability.

As a state-owned cultural listed company in Beijing, the company operates in a market-oriented way, relying on the resource advantages of the capital cultural industry and the background of shareholders, and has established good cooperative relations with outstanding enterprises, teams, core personnel, special examination and approval institutions and special content resource institutions in the domestic cultural content industry, forming a strong ability to integrate industry resources, and maintaining the sustainable development of relations with outstanding enterprises and talents in the industry based on project cooperation; Based on the exploration and practice of new business and new fields, expand new formats in the cultural field and tap the potential of IP re-creation; Open up () channels, realize the horizontal diversification and vertical integration of the cultural industry chain, strengthen the resource gathering of key schedules and key projects, and reserve high-quality projects at the same time to ensure the depth of business.

V. Main operations during the reporting period

In 2023, the company further shut down the inefficient studios; Due to market contraction and uncertain industry prospects, its cultural and entertainment brokerage business was shut down; Some of the company’s film and television projects were affected by factors such as the market and actors, and the distribution effect was not up to expectations or could not be promoted, and the film and television business continued to decline. In addition, in 2023, due to the decline of siege series games, the development progress of reserve games was lower than expected, so the goodwill of the game sector showed signs of impairment. Considering the above factors comprehensively, in 2023, the company accrued 887 million yuan of goodwill impairment loss to Yaolai Studios and the game sector, which had a great impact on the company’s net profit. The company’s film and television projects are affected by immoral artists, and the distribution is facing greater risks. Although post-editing and re-shooting work are carried out, there are still major uncertainties, so the provision for inventory depreciation is 164 million yuan. In recent years, due to the large operating losses and tight funds, some projects are overdue or unable to be paid on time, resulting in liquidated damages, late fees, etc. According to the latest progress of pending litigation and the expected compensation for breach of contract, the estimated liabilities are about 91 million yuan. Due to the slow development progress, Jinniuhu Project was not completed as scheduled as agreed in the agreement, and the risk of the company’s actual obligation to pay fines, liquidated damages and other expenses related to land development was significantly increased. According to the possibility of payment, the estimated debt was accrued to 200 million yuan. Affected by the superposition of the above factors, the company lost 1.647 billion yuan during the reporting period.

By the end of 2023, the net assets attributable to shareholders of listed companies were-1.037 billion yuan and the total assets were 3.005 billion yuan, a decrease of 40.47% compared with the end of 2022.

By the end of 2023, the company’s total share capital was 1,854,853,500 shares, unchanged from the previous period.

VI. The Company’s Discussion and Analysis on the Company’s Future Development

(A) the industry pattern and trends

1. Film and television industry

The box office tends to concentrate on the head. The box office of Chinese movies is increasingly affected by the explosion. In 2023, the box office of the top five movies accounted for 33.83% of the total box office of the country, and the box office of the top ten movies accounted for 48.51%, both of which were further higher than in 2019. At the same time, the box office is further concentrated in key periods. In 2023, the box office of summer, Spring Festival, National Day and other holidays accounted for 37.5%, 12.3%, 5.0% and 7.5% of the total box office in the whole year, accounting for 62.4% of the national box office.

The box office continues to sink to third-and fourth-tier cities. The proportion of box office in first-tier cities dropped from 19.1% in 2019 to 16.6% in 2023, while that in second-tier cities dropped slightly from 40.9% in 2019 to 39.3% in 2023, and that in third-tier cities rose from 16.2% in 2019 to.

17% in 2023, and fourth-tier cities rose from 23.7% in 2019 to 27.1% in 2023. Newly-built studios have mainly sunk to second-,third-and fourth-tier cities, and the number of screens and single-screen box office have reached new highs.

The right to speak TV series is gradually transferred from the production organization to the broadcasting platform. With the rise of video platforms and the increasing proportion of customized dramas, on the one hand, production organizations are highly bound to creators, and actively realize highly stylized creative attempts; on the other hand, they establish a stable production and broadcasting relationship with platforms to realize efficient product output, which impacts the traditional pattern. The head production company market shows obvious differences, and the new generation creative companies hold up half of the market with a brand-new attitude.

2. Game industry

The game market has entered a mature stage. From the perspective of market size, the actual sales revenue growth in the domestic game market has slowed down significantly since 2018, and the actual sales revenue of self-developed games overseas has also declined for two consecutive years. From the scale of active households, in 2023, the number of game users in China was 668 million, up 0.61% year-on-year, and the number of mobile game users was about 657 million, up 0.38% year-on-year. Compared with the data of 526 million game users and 605 million mobile game users in 2018, the growth of users slowed down significantly. Judging from the game duration and willingness to pay, according to the statistics of the game industry report in 2023, the game duration of some users has decreased, and it is expected that the payment amount will also decrease accordingly; According to the "Analysis Report on the Trend and Potential of Game Industry in China in 2024" released by Gamma Data, in the latest user questionnaire, the proportion of users whose game duration has decreased has exceeded that of users who have increased, and the proportion of users who are expected to spend less on games in the future has also exceeded that of users who spend more.

The cost of game distribution continues to increase. According to DataEye data, in 2023, the number of games in mobile games reached 22,000, up over 10% year-on-year, and the amount of materials was 26.86 million, up 94% year-on-year. With the increase of exposure demand, the soaring number of products in investment and the decline of players’ consumption level, the buying end is more involuted, the competition is fierce and the buying cost is rising.

The small game market is growing rapidly. According to the Game Industry Report of China in 2023, due to the rapid increase of the realization mode of in-app purchase and payment, the market scale grew rapidly, and the annual revenue in 2023 reached 20 billion yuan, up 300% year-on-year. With the advantages of lightweight gameplay, a large number of enterprises began to choose to lay out small games through small game authentication and running mode, reaching more users through the characteristics of click-and-play and easy sharing fission, and realizing the transformation of mobile games.

(II) Company development strategy

As a state-owned listed cultural enterprise in Beijing, Wentou Holdings will closely focus on the positioning of Beijing National Cultural Center, strengthen the responsibility and responsibility of state-owned enterprises, take the mission of building a leading cultural content and channel enterprise, constantly strengthen the awareness of high-quality development, constantly consolidate the stock business through optimizing layout, deepening management and standardizing operation, fully promote risk resolution, explore innovative development models in line with industry laws and market trends, and enhance the company’s profitability and core competitiveness.

The cinema sector will focus on the existing cinema space resources, customer base resources, film and television distribution, the whole industrial chain resources of cinema, technology and channel resources, optimize the regional layout and management of cinemas, actively innovate, link up and expand new ecology, enhance internal management and risk control capabilities and support, and achieve the goal of orderly operation, efficiency improvement and performance competition of cinemas.

On the premise of controlling investment and risk, the film and television business will adhere to the realistic creative path around important time nodes and major themes, explore the creative direction of major revolutionary themes, major historical themes and major realistic themes, and create a "Beijing model" for the new era of Acura.

The game business will continue to deepen the core advantages of "quality products", enrich the game categories, explore excellent channels and operating companies, explore new modes of cooperation, build an ecosystem of research, development and transportation oriented to products, markets and users, gradually form a product matrix at the content end, and expand and enrich the income sources of the game operation business.

The company will continue to strictly implement the requirements of securities supervision, industry-related rules, regulations and policies, adhere to the correct orientation, bravely assume social responsibilities, and strive to achieve a stable, healthy and sustainable development pattern.

(3) Business plan

In 2024, the cinema sector will fully guarantee box office output and increase non-ticket income. Do a good job in arranging films in key slots, and at the same time strengthen the new media platform to attract customers, enhance the brand image and passenger flow transformation of studios, and increase the box office income of key slots. By optimizing the category and display of products sold, strengthening the standardized training of promotion and other measures, the customer’s willingness to consume will be increased and the sales income will be increased. Carry out cinema venue activities through cross-border cooperation, innovate the cross-border business model, and on the basis of the existing diversified position scene of "position income +VR+ technology", focus on exploring and trying more new modes and new scene opportunities such as "VR+ cinema+position", "VR+AI" and "AI+cinema+film and television" to expand the income of business cooperation. Strengthen the new media platform’s customer outreach function, increase customer base drainage and enhance brand awareness and reputation, continue to promote standardized and refined management of operations, and scientifically control various operating expenses.

(2) Film and television investment production and distribution business

The company’s film and television business will further focus on improving quality and reducing quantity, speed up the production and distribution of stock film and television projects, and successfully complete the announcement of "Beijing 2022". On the basis of ensuring the smooth operation of the business, we will focus on the content production of major themes and realistic themes, give full play to the advantages of platform resources of state-owned enterprises, strengthen cooperation and alliance with high-quality enterprises and industries inside and outside the industry, and strive to establish differentiated brands and enhance the influence value in the film and television industry.

(3) Game R&D and operation business

1. Effectively enhance the strength of self-research and develop multiple product matrices.

Implement the "high-quality and diversified" measures to achieve a double breakthrough in the quality and quantity of self-developed products. In 2024, we will continue to operate the game products of Siege Three Kingdoms and Siege the World, maintain and maintain the good cooperative relationship of existing channels, and actively expand new cooperative channels and overseas distribution channels. In terms of new product reserve, we will strive to complete the research and development of products such as "Strange Tales of Immortal Immortals" and "The War of the Three Kingdoms 2" (tentative name) on schedule. At the same time, according to the overall product strategy and market situation, formulate corresponding research and development plans and online promotion plans. In the future, we will continue to make diversified innovations in product types, themes, artistic expressions and gameplay, and strive to launch diversified boutique games with high quality and long life cycle to meet the needs of different types of players.

2. Expand the advantages of going to sea to help spread Chinese culture.

The company will further give full play to the first-Mover advantage in overseas markets, continuously expand the scale of overseas business by relying on the company’s game research and development capabilities and localized marketing capabilities, and at the same time integrate the excellent traditional culture of China in terms of game themes, content and gameplay, and promotional materials, and launch more excellent works with China characteristics, China spirit and China wisdom.

(D) Actively promote restructuring and improve the structure of assets and liabilities.

On February 19, 2024, the company received the Notice from Beijing No.1 Intermediate People’s Court (hereinafter referred to as "Beijing No.1 Intermediate People’s Court" or "the Court"). The creditors of the company applied to Beijing No.1 Intermediate People’s Court for reorganization of the company on the grounds that the company could not pay off the debts due to the applicant and obviously lacked solvency, but it still had reorganization value and reorganization possibility, and applied to start pre-reorganization of the company. On February 26th, 2024, the company received the Decision from Beijing No.1 Intermediate People’s Court on starting the pre-reorganization and appointing the temporary manager during the pre-reorganization period, and agreed to start the pre-reorganization and appoint the temporary manager at the same time. On March 1, 2024, in order to smoothly advance the company’s pre-reorganization and reorganization procedures, and restore and enhance the company’s sustainable operation and profitability, the temporary manager launched an open recruitment and reorganization of investors. On March 29th, 2024, the deadline for submitting the restructuring investment plan to the intended investors expired. A total of 22 intended investors (if two or more enterprises form a consortium to register, they will be regarded as one intended investor) submitted a binding restructuring investment plan, among which one intended investor has explicitly participated in the investment as an industrial investor. In order to strive for more favorable commercial conditions for the reorganization of the company, the company and the temporary manager are further conducting commercial negotiations with the intended investors. The company will actively promote the smooth implementation of this reorganization, substantially improve the company’s asset-liability structure, and protect the interests of the company and all creditors and shareholders to the maximum extent.

(E) divest inefficient assets and improve asset quality.

In order to improve the operating efficiency and market competitiveness of the company’s main business, the company will continue to promote the disposal and divestiture of inefficient assets and improve the overall quality of existing assets. In the cinema business segment, the company will further sort out and shut down loss-making stores while retaining high-quality cinema stores, and concentrate resources on high-quality stores to expand the market competitiveness of high-quality stores. The film and television sector will strengthen negotiations with project partners and collect film and television accounts receivable as soon as possible. The game sector will continue to give full play to the advantages of the company’s R&D and innovation capabilities, increase the exploration of new products and new business models, and create new business growth points. Foreign equity investment will accelerate the full withdrawal of existing projects, realize the depreciation of assets and complete the cash return through withdrawal.

(4) Possible risks

1. Risk of improper behavior of participants

The film and television project has a long cycle and involves a wide range of people. Once the main participants have negative events, the film and television project will be put on hold, unable to be released or increase the production cost, which will damage the project income and even make the company face default. The company will reduce the losses caused by the problems of the participants by strengthening the background investigation of the partners and strengthening the effectiveness of the binding clauses in the agreement.

2. Risk of changes in market demand

As a subjective nonstandard product, film and television products have unstable supply-demand relationship and high emotional value, so it is difficult to quantify the evaluation and judgment. But content quality is always the main criterion that can stand the market test. The company will combine its core competitiveness in subject matter and resources, and insist on creating high-quality content output with main theme.

The development projects of Jinniuhu Theme Park and E-sports Entertainment Industrial Park are tested by multiple factors in the market. For example, major changes in the future market are not conducive to the project operation, or major changes in market demand are caused by other uncontrollable factors, or the financing is not timely. The project may face the risk of failing to build according to the agreed schedule or even terminating the project, and the company may be required to bear the risk of related fines, liquidated damages and other expenses.

3. Industry regulatory policy risks

At present, the relevant government regulatory authorities attach great importance to the healthy development of the online game industry, and the supervision of the online game industry continues to increase, and the threshold for online game-related business qualifications and licenses has also increased. On December 22, 2023, the State Press and Publication Administration publicly solicited opinions on the Measures for the Administration of Online Games (Draft for Comment), and put forward specific requirements on the publishing and operation of online games and the protection of minors. In view of the uncertainty whether all kinds of new game products that the company will continue to develop in the future can pass the pre-approval of the competent authorities, such as the deviation between the company’s understanding of regulatory laws and regulations when reviewing the content of game products in the research and development process, or the fact that the content of game products in the future does not meet the requirements of current regulatory laws and regulations, or violates relevant regulations during the operation of game products, there may be compliance risks such as being ordered to rectify, punished or even terminated, which will have an adverse impact on the company’s daily operations.

4. Market competition risk

With the online game industry gradually entering a mature stage, the industry competition is becoming increasingly fierce, and the external competition is intensifying. At the same time, users of online games are becoming more and more mature, and the quality requirements of products are increasing day by day. The online game industry has formed a fierce competition pattern in terms of gameplay innovation, game operation and channel promotion. The head company has obvious advantages and the industry iteration speed is accelerated. Although the company has rich experience in game R&D and operation, it has a strong competitive advantage. However, with the upgrading of game products and the constant change of user habits, facing many competitors in the industry, the increasingly fierce market competition may make the company unable to adapt to the changes in market demand, strengthen its core advantages and expand market share. At the same time, the industry form and hot spots are rapidly changing, and the oligopoly pattern of resources such as users and channels is increasingly intensified. If the company can’t continuously develop new high-quality games and make use of various channels and technological research and development advantages to become bigger and stronger quickly, fierce market competition may have an adverse impact on the company’s performance.

5. Risks related to reorganization and pre-reorganization

(1) Whether the court accepts the company reorganization is uncertain.

Pre-reorganization is the pre-procedure for the court to formally accept the reorganization, and the court’s initiation of the company’s pre-reorganization does not mean that the company’s reorganization is officially accepted. As of the disclosure date of this announcement, the company has not received the legal documents of the court on accepting the reorganization of the company, and there is still great uncertainty whether the court accepts the reorganization of the company.

(2) There is uncertainty in publicly recruiting and reorganizing investors.

Although the intended investors have submitted a binding restructuring investment plan, the company still needs to negotiate the restructuring investment plan and sign a formal restructuring investment agreement. There is still great uncertainty whether the company can sign a formal restructuring investment agreement with the intended investors.

(3) Being warned of delisting risk and terminating listing risk.

The company is currently in the pre-reorganization stage. According to the Listing Rules of Shanghai Stock Exchange, if the court formally accepts the reorganization of the company, the company’s shares will be warned of delisting risk. If the company enters the reorganization procedure but fails, it will face the risk of being declared bankrupt by the court. According to the Listing Rules of Shanghai Stock Exchange, if the company is declared bankrupt by the court, the company’s shares will face the risk of being terminated from listing.

6. Warning of production and operation risks and possible delisting risks.

The audited net assets attributable to the owner of the parent company in 2023 are negative. According to Article 9.3.2 of the Listing Rules of Shanghai Stock Exchange, the company’s shares will be warned of delisting risk. If the financial indicators in the audited financial accounting report of the company in 2024 touch the financial mandatory delisting stipulated in the Listing Rules of Shanghai Stock Exchange, the company’s shares will face the risk of being terminated from listing.

7. The actual controller changes the uncertain risk of progress.

On March 1, 2024, the company issued the Prompt Announcement on the Free Transfer of the Equity of Indirect Controlling Shareholders and the Proposed Change of the Actual Controller. Up to now, this equity transfer is going through the formalities in accordance with the relevant requirements of state-owned assets management, and there is still uncertainty about the completion time of this equity transfer and the change of the actual controller of the company.

8. Litigation and debt risk

At present, the company is involved in many lawsuits, and there is a risk of asset loss caused by losing the case; At the same time, the company’s current outstanding debts are large. If the company’s reorganization fails, or the subsequent operation fails to be effectively improved, the company will have the risk of litigation, asset freezing and asset loss caused by the failure to pay off debts.

The 2025 Volkswagen sagitar is on the market, providing 1.2T and 1.5T power, and the price starts at 127,900 yuan.

A few days ago, FAW-Volkswagen’s new car, the 2025 Volkswagen, went on the market, offering six models with a price of 12.79-17.29 million yuan. As an annual modified model, the appearance and interior design, power system, number and name of models and price of new cars remain unchanged, mainly for individual models.Some optional configurations.

The picture is as follows:2025 FAW-Volkswagen Sagitar 300TSI DSG Beyond Edition

The 2025 Volkswagen sagitar offers 6 configuration models, including 3 1.2T power models (manual flying version, DSG flying version, DCG beyond version); Three 1.5T power models (DSG Flyover Edition, DSG Beyond Edition, DSG Excellence Edition) are priced at RMB 127.9-172.9 million.

In terms of configuration, the configuration of three 1.2T power models remains unchanged; 1.5T Flyover Edition adds keyless entry in front row+keyless start+chrome-plated door handle as an optional item (optional price is 1200 yuan).1.5T Beyond Edition adds electric adjustment of main driver’s seat+ACC 3.0 advanced adaptive cruise systemOptional items (corresponding optional prices are 800 yuan and 1000 yuan), 1.5T Premium Edition cancels the rear footwell lights, and at the same time, it willAdvanced parking rearview imaging system was changed from standard to optional.



In the design part, the 2025 Volkswagen sagitar continues the design style of the old models (Xinghan Star Design Concept), in which the front face adopts a plurality of spoke-star grille, IQ.Light, and the front surrounding central area runs through the blackened decoration+air inlet; The body is designed with upper and lower double waistlines (to enhance the sense of strength of the whole vehicle); At the rear of the car, the left and right independent taillights are used, and the rear is surrounded by one-step blackening and chrome-plated decorative pieces.

The body dimensions of the 2025 Volkswagen Sagitar are:4791x1801x1465mm, with a wheelbase of 2731mm, is a compact car.

In addition, depending on the model version, the new car also provides 16-inch wheels (205/60 R16), 17-inch wheels (205/55 R17) and 18-inch wheels (225/45 R18).


In the interior design part, the 2025 Volkswagen sagitar center console area is equipped with a three-position flat-bottomed steering wheel, an 8-inch LCD instrument (10.25-inch LCD instrument is used in the 1.5T Premium Edition) and a 12-inch floating central control panel (8-inch central control panel is used in the Flyover Edition).

At the same time, the new car continues to use a mechanical shift mechanism, and the 1.5T Premium Edition is also equipped with a wireless charging panel for the front mobile phone.

1.2T manual flying version, 1.2T DSG flying version, 1.5T DSG flying version and 1.5T DSG beyond version.

The above four models use manual air conditioning (with manual knob adjustment control).

1.2T DSG Premium Edition and 1.5T DSG Premium Edition use automatic air conditioning (with touch air conditioning control panel).


In the car part, the 2025 Volkswagen sagitar is equipped with IQ. Smart car coupling system.All departments support Apple.CarPlay/ Baidu CarLife mobile phone interconnection mapping, in-vehicle 4G network, main driver voice recognition control system and other functions. In addition, with the 12-inch central control panel model has also increased.Convenient/recreational functions such as intelligent navigation and intelligent entertainment.

In terms of assisted driving, the superior and excellent models are equipped with IQ.Drive intelligent driving butler, supportingLane departure warning, front collision warning, active braking, lane merging assistance (excellent version), lane keeping assistance system, lane center keeping (excellent version), road traffic sign recognition, full-speed adaptive cruise (1.2T overtaking version and 1.5T excellent version) and other functions.


In the seat part, the car adopts a five-seat layout, and the seat is wrapped with fabric or imitation leather.

In terms of seat functionality, the 1.5T Premium Edition supports the electric adjustment of the main and auxiliary seats, and the rest of the configuration models are manually adjusted seats; And it also supports the rear seats.40:60Proportion down.

As for the power unit, the 2025 Volkswagen sagitar continues to provide 1.2T engine +5-speed manual or 7-speed dry dual-clutch gearbox and 1.5T engine +7-speed dry dual-clutch gearbox. The detailed power parameters are as follows:

  • 1.2T engine +5-speed manual transmission:The maximum power is 85kW(116Ps), the maximum torque is 175N·m, the zero acceleration is 11.6s, the maximum speed is 200km/h, and the comprehensive fuel consumption of WLTC is 5.75L/100km.
  • 1.2T engine +7-speed dry dual clutch gearbox;The maximum power is 85kW(116Ps), the maximum torque is 200 N m, the zero acceleration is 11.8s, the maximum speed is 200km/h, and the comprehensive fuel consumption of WLTC is 5.71L/100mm.
  • 1.5T engine +7-speed dry dual clutch gearbox;The maximum power is 118kW(160Ps), the maximum torque is 250N·m, the acceleration is 8.8 seconds, the maximum speed is 200km/h, and the comprehensive fuel consumption of WLTC is 5.77L/100km.

Dongfeng Nissan (price10.86-174,900 yuan)

SAIC Volkswagen (price7.999-151,900 yuan)

FAW Toyota (price11.68-15.58 million yuan)

In terms of vehicle positioning/price range/energy type, the main competitors of FAW-Volkswagen Sagitar include: Dongfeng Nissan Sylphy (with a cumulative sales volume of 206,800 units from January to August 2024), SAIC Volkswagen LaVida (with a cumulative sales volume of 190,350 units from January to August 2024) and FAW Toyota Corolla (with a cumulative sales volume of 74,200 units from January to August 2024)

Compared with the above competitive models, the cumulative sales volume of FAW-Volkswagen Sagitar from January to August 2024 was 147,168 units.

So, if you choose between Volkswagen Sagitar and its competitors, who would you choose? Welcome to leave a message in the comment area!

Huaihua is striding towards a new pole.



Figure 1 On November 10, 2016, overlooking Huaihua, tall buildings rose from the ground. (Profile picture) Lu Xiaopeng Pan Yu photo report

Fig. 2 The scenery belt of Weishui River. (Profile picture) Correspondent photo

Fig. 3 Landscape of Hemingzhou in Taiping Creek, Huaihua. (Profile picture) Photo by Lin Anquan



Above, the forest coverage rate of Huaihua is 70.83%, which is one of the nine ecologically sound areas in China. The picture shows the Yingzuijie National Nature Reserve in Huitong County on May 10th, 2013. (Profile picture) Photo by Lin Anquan





Drawing in this paper/Li Yawen

[Focus]

Huaihua, striding towards a new pole

Hunan Daily reporter Jun Xiao

Huaihua, the "West Gate", is taking advantage of the situation.

This "potential" is "one pole and two belts" and "one center and four Huaihua".

In 2015, the regional development strategy of "one core, three poles, four belts and many points" put forward by the provincial party committee and the provincial government positioned Huaihua as "one pole and two belts", that is, building Huaihua into a new growth pole radiating southwest China and connecting Chengdu-Chongqing urban agglomeration, Shanghai-Kunming high-speed rail economic belt and Zhang Jihuai’s boutique eco-cultural tourism economic belt. According to this orientation, Huaihua has risen from the edge of development to the growth pole.

Go all out to shoulder the heavy responsibility. Peng Guofu, secretary of the Huaihua Municipal Party Committee, said that in order to realize the new mission entrusted by the provincial party committee and the provincial government, the Huaihua Municipal Party Committee and the municipal government have determined the development strategies of "one pole and two belts" and "one center and four Huaihua" (that is, building Huaihua into an ecological center city in the border areas of five provinces, municipalities and autonomous regions, building ecological Huaihua, rule of law Huaihua, smart Huaihua and happy Huaihua), and strive to basically establish Hunan’s new growth pole position by the end of the Thirteenth Five-Year Plan.

In mid-September, the reporter walked through the land of five streams, which was refreshing: Huaihua was trying to get rid of the "old impression" of remoteness and backwardness, open its international vision, summon up its energy and start the "acceleration engine" to rush forward.

New engine, new kinetic energy

Expand the map of the whole province. Huaihua, located in the southwest border, accounts for about 13% of the province’s territory and is the largest city and state in the province.

However, the big city is a small economic city, and the main economic indicators are often ranked at the end of the province. Some people jokingly call Huaihua the "end of the province" in Hunan.

In recent years, after several reflections and explorations, Huaihua has found the reasons for its lack of development, unhappiness and superiority, that is, the industrial development is seriously lagging behind, and the reason for its lagging behind is the lack of innovation vitality.

"Take innovation as the core driving force to catch up with development." Zhao Yingyun, deputy secretary of Huaihua Municipal Party Committee and mayor, said that an empty pocket can’t be inflated. Only by making good use of the "golden key" of innovation and making the industry bigger and stronger can we have the strength to shoulder the responsibility and mission of the new growth pole.

Seeking innovation is seeking the future. Huaihua uses "small finance" to incite "big capital" and gather in scientific and technological innovation. Last year, we integrated 330 million yuan of relevant funds, set up special funds for the development of strategic emerging industries, and mobilized 10 billion yuan of financial capital and social capital to invest in emerging industries. The funding for science, technology and industrial development was less than 10 million yuan in 2014, and it has increased to 363 million yuan this year.

According to the "135" project of industrial development in the province, it is a great deal for Huaihua to implement the three-year multiplication plan of industrial and industrial park development and vigorously promote the deep integration of innovation chain and the entrepreneurial chain.

The brand of Huaihua High-tech Zone was Huaihua Industrial Park more than a year ago, and the driving force behind the brand change was innovation. Through the construction of green industrial new towns in the border areas of five provinces (municipalities and autonomous regions), a number of national and provincial innovation platforms, high-tech enterprises and projects poured in, which changed the stagnant situation of the park economy in one fell swoop. In July last year, Huaihua Industrial Park was successfully transformed into a provincial-level high-tech zone, and it is expected to enter the ranks of the "national team" of high-tech zones this year.

In Huaihua High-tech Zone, the brand of Juntai New Material Technology Co., Ltd. was also changed a year ago. It used to be Juntai Pulp and Paper Co., Ltd., which was once the "leading boss" of Huaihua related industries. Two years after it was put into production, it was like a giant animal caught in a quagmire, and it was struggling. Through the transformation, the production of viscose cellulose for textile has changed from a "muddy beast" to a leading goose in the industry.

In promoting the development of industry and industrial parks, Huaihua takes projects as the starting point, creates something out of nothing, creates something out of nothing, and implements two-wheel drive. Nowadays, in Huaihua, scientific and technological projects and high-end growth industries are being laid out, landed and rose.

Xianghua Electronic Technology Co., Ltd. in Yuanling Industrial Cluster independently developed automatic electronic component production equipment, breaking the international monopoly, and attracted Taiwan Province Qilixin Co., Ltd., the world’s largest passive component manufacturer, to join. The two sides invested 7 billion yuan to jointly develop electronic components, and the annual tax revenue is expected to reach more than 250 million yuan.

Compared with three years ago, the number of national and provincial innovation platforms in Huaihua has increased from 3 to 10, and the number of high-tech enterprises has increased from 11 to 56. In the first half of this year, the added value of high-tech industries was 3.5 billion yuan, a year-on-year increase of 14.7%.

Starting a new engine and cultivating new kinetic energy, Huaihua’s four dominant industries, namely, modern business logistics, eco-cultural tourism, medical health and green food, and 15 industrial parks have developed rapidly, which has reversed the passive situation of declining economic growth rate and low ranking in the province, and the ranking of major economic indicators has moved forward greatly. In the first half of this year, GDP increased by 8.1% year-on-year, ranking first in the province.

New channel, new platform

Entering September, the land of Wuxi is a little unsettled.

The track laying of the Huai-Shao-Heng Railway from Shaoyang to Huaihua began in the south direction, advancing at a speed of 2.5 kilometers every day, and a fast railway passage will be built soon.

Huaihua Xianrenqiao Railway Warehouse (railway port) officially started construction, which can be completed by the end of the year, and the construction of Huaihua three-dimensional port open platform has taken another big step.

Huaihua was known as "the gateway of Yunnan and Guizhou" and "the throat of Chu" in ancient times, and was once a transit point of China’s Maritime Silk Road. However, Huaihua’s open vision today is by no means a simple reply to ancient history.

As a city dragged by the train, Huaihua has a special affection for the railway, but the steps of Huaihua people have not stopped on the rails. They are constantly catching up with the progress of the times with the unique tenacity of mountain people.

The Shanghai-Kunming high-speed railway was opened to traffic, the construction of Huaishaoheng railway was in full swing, and the Huaihua railway transportation network developed from a "big" shape to a "meter" shape.

At the same time, the expressway mileage ranks first in the province; Zhijiang Airport is being rebuilt and expanded to build the second largest airport in the province. In March this year, Huaihua became one of the "national comprehensive transportation hubs".

In recent years, Huaihua aims to build a new highland for the development of open economy in Wulingshan area, constantly opens up new channels for opening to the outside world, actively expands the three-dimensional port opening platform, and strives to build a "bridgehead" for Hunan’s opening to the west.

Before the end of this year, international freight trains from Huaihua to Europe will be opened. Next year, Huaihua will open an international freight channel connecting the ASEAN economic circle. And strive to build the Jingyang-Chenchen Railway, and open up the international trade channels to Vietnam, Myanmar, India and other South Asian subcontinent.

The person in charge of the Port Office of Huaihua Commercial Grain Bureau told the reporter that the infrastructure of the public bonded warehouse in Huaihua Economic Development Zone has been completed, and the warehouse will be closed after the customs acceptance, and the Wulingshan Entry-Exit Commodity Exhibition and Trading Center will be operated simultaneously. In April this year, Changsha Customs Agency in Huaihua officially opened its business. The inland port established by Guangzhou Port Co., Ltd. in Huaihua is under construction, and Huaihua will connect with the "Maritime Silk Road" through rail-sea combined transport.

Open and run with Huaihua. In the first half of this year, 22 enterprises registered with the Customs in Huaihua increased, and the total import and export volume increased by 30.87% year-on-year.

New state, new "ecology"

Although it is near the autumn equinox, there is still a heat wave when the sun shines on the ground. On the construction site of Yiwu Commodity City in China, Huaihua Economic Development Zone, the hanging tower is towering, the excavator raises its long arm, and the earth-moving vehicle shuttles back and forth, showing a scene of full swing.

"Working here, there is always a lot of energy." Chen Xiaoyong, chairman of Huaihua Jiarui Yiwu Commodity City Co., Ltd. said that the project started in July, and the land leveling has been completed, and it has entered the stage of foundation piling. From the secretary of the municipal party Committee to the cadres in the park, the service has pushed the project construction out of the "acceleration".

Chen Xiaoyong told a story to reporters. There was a dead old tree in the project land, which affected the project construction. When Hanson Yang, director of the Economic Development Zone Management Committee, heard the news, he immediately took people to forestry, gardens and other departments to apply for logging procedures. "I didn’t expect that it is so convenient to do things here and the service is so enthusiastic!" Chen Xiaoyong from Hangzhou said with emotion.

To adapt to the new normal, cadres must have a new state. Policy makers in Huaihua believe that the state of cadres in party member is also competitiveness and productivity, which is related to the development of the whole city.

Deepen the comprehensive and strict administration of the party and vigorously create a new political ecology with beautiful scenery. In accordance with the requirements of "accountability for mistakes and inaction, replacement without changing the status", Huaihua issued an interim measure to adjust the current leading cadres, and formulated an industrial development performance appraisal plan. The assessment results are the main basis for the selection and appointment of cadres. Seventy-two department-level cadres were promoted and reused because of their outstanding work performance, and 16 department-level cadres who were not "seriously injured" but were not in the state of work and had poor performance were dismissed or adjusted.

Efforts were made to optimize the environment for merchants, and the style of "declaring war on laziness and boosting the spirit" was continuously rectified, and 593 cases of laziness and laziness were investigated and dealt with.

Strict management of officials and theory of performance have ignited the enthusiasm of cadres and officers to start businesses. They have strived to catch up with each other with the enthusiasm of "one person, ten people, and one hundred people", which has brought good and rapid development.

Entering Xupu Honghua Industrial Park, the barren hills and slopes three years ago have become a thriving park. According to the person in charge of the park, it took only eight months from leveling the land and building a standard factory building to the first enterprise starting production. At present, there are 30 enterprises entering the park. This speed is mainly due to the fact that cadres at all levels command with their figures and speak with their actions.

In the first half of this year, Huaihua’s investment in fixed assets increased by 13.7% year-on-year, ranking first in the province.

Style is image, but also strength. Huaihua is changing, Huaihua people are changing, the mental outlook of party member cadres is getting better and better, the people are getting more and more harmonious, and the pace towards a new pole is getting more and more vigorous.

[business card]

Changsha Customs Agency in Huaihua Settled in-

Foreign trade import and export "high-speed channel" opened




The staff of Changsha Customs in Huaihua are handling customs business. (Profile picture) Correspondent photo

In April, 2016, Changsha Customs in Huaihua officially opened its business, which enabled Huaihua City to have a convenient and fast "high-speed channel" for foreign trade import and export, marking a new level of opening up in Huaihua City.

The entry of Changsha Customs in Huaihua has promoted the development of foreign trade in Huaihua. At present, the number of enterprises actually engaged in import and export business in this city has increased from 28 last year to 47. From January to July this year, the city’s foreign trade import and export volume increased by 18.6% year on year.
(Huang Wei)

The largest comprehensive national fitness center in the local area-

The utilization rate of Huaihua Sports Center is 98%.




Huaihua sports center. (Profile picture) Photo by Li Ming

Huaihua Sports Center, the largest comprehensive national fitness center in Huaihua, adheres to the operation idea of "national fitness as the foundation and making full use of venues as the key link", and receives more than 400,000 fitness citizens every year, with the utilization rate of venues reaching 98%.

Huaihua Sports Center is also the most important training base for local competitive sports, with training halls for wrestling, taekwondo, weightlifting, swimming and shooting. The center actively plays the role of a large-scale exhibition center and sports venues, and has successfully undertaken important events such as the National Judo Championship, the China Table Tennis Club Super League, and several national table tennis first-class competitions.

(Huang Wei)

Step into the "national comprehensive transportation hub"-

Huaihua modern comprehensive transportation system has been basically completed.




Huaihua south railway station. (Profile picture) Lu Xiaopeng Pan Yu photo report

In the past five years, Huaihua has invested 58.796 billion yuan in traffic construction. The Shanghai-Kunming high-speed railway was completed and opened to traffic, and Huaihua entered the "high-speed rail era" in an all-round way; Zhang Jihuai high-speed railway, Huai Shaoheng railway and Yuhuai double-track railway started construction, and the number of domestic railways increased to five, the total length of main lines increased from 651.7 km to 890.2 km, and the railway transportation network developed from "big" to "meter".

Five expressways, including Hangrui, Shanghai-Kunming, Baomao, Louhuai and Huaihua Ring Road, were completed and opened to traffic, with a total mileage of 680 kilometers, ranking first in the province, and the "two-hour economic circle" within the city basically took shape. The number of national highways increased from 3 to 8, and the number of provincial highways increased from 12 to 30. Huaihua’s modern comprehensive transportation system was basically completed, and it entered the ranks of "national comprehensive transportation hub" in March this year. (Huang Wei)

Show the history of Hunan people’s bloody war of resistance against Japan-

War of Resistance against Japanese Aggression Memorial Hall opens in Hunan.




On August 21, 2015, War of Resistance against Japanese Aggression Memorial Hall was located in Taihe Tower of Zhijiang Peace Garden. (Profile picture) Photo by Xu Xing

On August 21st, 2015, Hunan War of Resistance against Japanese Aggression Memorial Hall, located in Taihe Tower of Zhijiang Peace Culture Park, was officially opened to the public.

War of Resistance against Japanese Aggression Memorial Hall in Hunan Province was built by using the first and second floors of Taihe Tower, with an exhibition area of more than 5,000 square meters. A total of more than 900 precious historical photos, more than 500 cultural relics, 10 scenes, 20 multimedia, 19 oil paintings and traditional Chinese paintings, and 10 groups of sculptures were exhibited, and various advanced exhibition means such as photos, objects, models, projections and scene restoration were used to reproduce the glorious history of Hunan people’s bloody war of resistance in an all-round and three-dimensional way.
(Huang Wei)

The gathering place of high-tech industry development in Wulingshan area-

Huaihua High-tech Zone is marching towards "National Team"




Aerial view of Huaihua High-tech Zone. (Profile picture) Correspondent photo

Huaihua High-tech Zone opened in July 2003, formerly known as Huaihua Eco-industrial Park. In July last year, it was approved as a provincial-level high-tech zone and started the creation of a national-level high-tech zone. It is expected to enter the ranks of the "national team" of high-tech zones during the year.

There are 11 national high-tech enterprises in Huaihua High-tech Zone, and an industrial cluster led by biomedicine, deep processing of agricultural products and modern equipment manufacturing has initially taken shape. It has been awarded the National Agricultural Products Processing and Entrepreneurship Base, the National Agricultural Products Processing Industry Demonstration Base, the Top Ten Industrial Parks with the Most Investment Value in Hunan Province, the Hunan Intellectual Property Pilot Park, etc., and has become a gathering place for the development of high-tech industries in southwest Hunan and Wulingshan area.
(Huang Wei)

[witness]

It’s nice to accompany my father around the city.




Wu Xianghuai. Correspondent photo

Wu Xianghuai, a cadre of Huaihua High-tech Zone

In the early years, my father in the country was more diligent in going to town, and it was my must-do "homework" to accompany him around the city. It is a very pleasant thing for me to be filial to my father.

During the people’s commune, my father worked as a village cadre, and every year he had to go to elm bay, the old Huaihua county for a meeting. In the early 1970s, during the war of the Hunan-Guizhou-Zhiliu Railway Conference, my father was one of the millions of road-building troops. After the completion of the railway, he worked as a sideline here for several years, and he is familiar with "elm bay".

A few years ago, I accompanied my father to visit Huaihua City once, but my father was impressed and didn’t feel anything.

With the growth of age, the 70-year-old father rarely goes to town. Not long ago, he went to town. I tricked him into going to town on the grounds that my daughter missed grandpa. This time, in order to leave a deeper impression on my father, I specially chose several tall landscapes.

"Building such a big high-speed railway station should cost a lot of money, right?" The high-end atmosphere of Huaihua high-speed railway station not only opened his father’s eyes, but also inspired his curiosity.

I told my father that high-speed railway station in Huaihua is a transportation hub with an investment of about 2 billion yuan. Take the high-speed train from Huaihua, it takes one and a half hours to Changsha and Guiyang, and five hours to Shanghai and Shenzhen. Moreover, the current mileage of Huaihua Expressway is 676 kilometers, ranking first in the province.

"The length of the expressway is the first in the province, amazing!" Father sincerely lamented.

Drive up Yingfeng Middle Road overpass. Seeing the endless flow of vehicles under the bridge, my father said humorously, "The overpass is just a car passing under the bridge at the same time!"

"Dad’s right. This is the first overpass in Huaihua, with two-way eight lanes, a deck width of 30 meters and a main span of 157 meters, connecting the exit of Chengdong Expressway. " Let me give you a brief introduction.

"With the first article, there will be the second and third articles!" Father said forward-looking.

Step by step. Along Yingfeng Road, around Jinxi Bridge, across Xiangzhou Bridge and onto Hutian Bridge, I introduced myself like a tour guide.

"In the past five years, Huaihua has successively started the reconstruction of Hutian Bridge, Jinxi Bridge and Xiangzhou Bridge, and the construction of Taipingxi Bridge and Taipingqiao Covered Bridge, the urban road skeleton has been stretched to 90 square kilometers."

"So many bridges which remember? I only know that Huaihua has grown up a lot. " Father said with a smile.

After dinner, accompany my father to have tea and talk about Huaihua’s story. I told my father: "Two days ago, Huaihua was rated as the best livable city for the elderly in China, and the health support policy for the elderly is getting better and better."

"You mean, I will come to Huaihua City to support the elderly in the future?" Father asked.

"I believe you will like this new town more and more. The air and environment here are as good as those in the countryside."

That night, my father and I both slept very late.

(Hunan Daily reporter Jun Xiao finishing)

[See the micro-knowledge]

The "dead end road" is smooth.

On September 17, Peng Li, an individual industrial and commercial household who runs stationery in Yingfeng Middle Road, Huaihua City, drove to Hexi to purchase goods. It used to take half an hour, but now it takes only more than 10 minutes to get to Hexi Wholesale City. He said with emotion: "The’ Broken Road’ is connected, and now the purchase is very smooth."

In recent years, Huaihua City has paid attention to people’s livelihood from small projects, and concentrated its efforts on fighting tough battles in the urban "broken roads", which have optimized the urban traffic network and eased the difficulties for citizens to travel. (Jun Xiao)

The "old bachelor" lives in a new house as the groom

On September 18th, I walked into the resettlement building of Yinjialing Village, Liangtingao Township, Hecheng District, Huaihua City. The red couplets on Xia Changtie Gate, a 54-year-old villager, are still eye-catching. In the past, Yin Changtie lived in a shed-style house in a ravine and remained a bachelor. After moving to a new house with convenient transportation this year, he married the bride back home.

Huaihua, as one of the main battlefields of ex situ poverty alleviation and relocation in our province, completed the task of ex situ poverty alleviation and relocation of 25,734 people last year. This year, 166 centralized resettlement projects and decentralized resettlement projects in the city have started construction, and more than 58,000 poor people will move to their new homes this year. (Jun Xiao)

Now the village is like a park.

"Now the village is like a park, attracting many people from the city to visit." Recently, Zhou Yuru, a villager from Zhoujiaren Village, Chenyang Town, Chenxi County, told reporters that she had been taking her grandson away for three years. When she returned to the village this year, she found that the garbage piled up like a mountain bag by the stream was gone, and the cement road leading to the door was clean and tidy. Surrounded by green trees in each yard, I really wondered if I had gone to the wrong door.

The change of Zhoujiaren Village stems from the construction of "beautiful countryside Happy Home" in Huaihua City, which focuses on "three transformations and one reform" (purification, greening, Chunhua and rural housing renovation). At present, the city has built more than 500 tourism demonstration villages in beautiful countryside. Since 2015, through the development of rural tourism, more than 150,000 farmers have been employed and nearly 50,000 poor people have been lifted out of poverty. (Jun Xiao)

PD-1 inhibitor, a new anticancer drug, can provide long-term survival for patients.

  Cctv news: On June 15th, 2018, National Medical Products Administration officially approved the listing of PD-1 antibody Nivolumab injection in China. The indications are: patients with advanced non-small cell lung cancer who failed standard chemotherapy. Experts pointed out that the listing of this new drug will bring new treatment methods and hope for patients with advanced non-small cell lung cancer.

  The highest incidence of lung cancer is 85% non-small cell.

  Lung cancer is the leading cause of cancer death in the world. According to the statistics of the World Health Organization, more than 1.7 million people die of lung cancer every year. Lung cancer is the most common cancer in China, among which non-small cell lung cancer is the most common type, accounting for about 85% of all lung cancer patients.

Yang Zhimin, Director of Clinical Department I of Chemical Medicine of National Medical Products Administration Drug Evaluation Center.

Yang Zhimin, Director of Clinical Department I of Chemical Medicine of National Medical Products Administration Drug Evaluation Center.

  Yang Zhimin, Director of Clinical Department I of Chemical Medicine of National Medical Products Administration Drug Evaluation Center.Compared with traditional chemotherapy and small molecule targeted therapy, it is completely different from the mechanism of action. Studies in China have also proved that the use risk of it for these advanced non-small cell (lung cancer) patients can be significantly reduced by 32%.

  Long-term survival of patients with advanced malignant melanoma

  In July 2014, the world’s first PD-1 inhibitor was launched in Japan for the treatment of advanced malignant melanoma. Clinical studies have found that some patients who have been relieved after treatment have achieved long-term survival, so PD-1 inhibitors have attracted wide attention all over the world. Since then, the United States, the European Union, Australia, Hong Kong and other places have completed the listing of PD-1 inhibitors.

  Breaking the tradition and bringing about breakthrough progress across multiple cancers

  In 2016, the American Science magazine selected this cancer immunotherapy as the biggest scientific breakthrough of the year. Because it not only completely broke the traditional cancer treatment; Moreover, it has also brought about breakthrough progress across multiple cancer species, and some advanced patients have achieved long-term survival.

  National Medical Products Administration said that at present, similar domestic new drugs are also being developed, and some have entered the review stage.

  Yang Zhimin, Director of Clinical Department I of Chemical Medicine of National Medical Products Administration Drug Evaluation Center.From the current point of view, we hope that the priority review time can be shortened to four to six months as far as possible in the future, and the listing will be approved.

Five kinds of minor criminal cases in Shanxi Province can be reconciled.

    On September 1st, the Provisions of Taiyuan People’s Procuratorate on the Application of Criminal Reconciliation in Handling Minor Criminal Cases (Trial) came into effect.


    Set the original intention, resolve social contradictions and save judicial resources


    Zhang, a middle school student in Xinghualing District, Taiyuan City, stabbed a person seriously in 2006. After accepting the case, the Xinghualing District People’s Procuratorate visited the victim and his relatives, and went to Zhang’s school to make a detailed study of his daily life. The procuratorate learned that Zhang is usually very dutiful, and although his academic performance is not very good, he has been rising steadily. Li, who was three years older than him before the incident, was bullied many times. After the parents learned about it, they took Zhang to the Li family to discuss the argument. However, Li was abusive to Zhang’s parents. Zhang was angry for a while and smashed Li into a serious injury. The two parties reached an agreement on civil compensation, and the Xinghualing District People’s Procuratorate finally made a decision not to prosecute.


    This case has become a typical case encountered by Taiyuan People’s Procuratorate in the exploration of criminal reconciliation system.


    "Such a child, just a moment of anger made an excessive move, subjective malignancy is very small. If he is sent to prison, his future life may be completely changed, and some teenagers will be’ infected’ again after being imprisoned, and they will completely embark on a wrong path. " Nan Li Ming Dow, Director of Public Prosecution Division I of Taiyuan Procuratorate, explained the original intention of the criminal reconciliation system.


    The "Regulations" determine that in the process of minor criminal cases, the criminal suspect can actively gain the understanding of the victim by pleading guilty, apologizing, financial compensation, etc., and reach a criminal settlement agreement with the victim. After confirmation by the procuratorial organ, the procuratorial organ will make a decision not to prosecute the criminal suspect.


    According to reports, in reality, if criminal sanctions are imposed on a large number of cases, under the existing judicial mechanism, both the offender and the victim are in a situation of mutual loss for a long time. For example, neighbors’ relationship, because one side’s head is broken and one side’s nose is interrupted at a moment’s quarrel, constitutes a minor injury. After the implementation of criminal sanctions, neighbors may die of old age, but it will increase social contradictions.


    "Frankly speaking, prosecuting all these cases will not only have a bad social effect, but also waste judicial resources. Regardless of whether the case is big or small and involves prosecution, all procedures are actually exactly the same. The whole procedure has to be taken once. " A prosecutor said.


    It is reported that from 2005 to 2006, Taiyuan City prosecuted 5,806 criminal cases with 9,223 people, among which 1,912 cases with 2,622 people were sentenced to fixed-term imprisonment of less than three years, accounting for 28% of the total number. There is considerable room for criminal reconciliation.


    Experts analyze the theoretical basis of criminal reconciliation


    According to Li Qi, an associate professor of Shanxi University Law School, criminal reconciliation has its profound theoretical basis.


    First of all, criminal reconciliation is the requirement of implementing the criminal policy of combining leniency with severity. There are various criminal cases, and the circumstances of the crime are light and heavy, which requires different resolution mechanisms for cases of different nature, so as to make the strictness strict and the leniency lenient. For those minor cases, the application of criminal reconciliation instead of blindly emphasizing the investigation of criminal responsibility can not only eliminate the opposing feelings of both parties, protect the rights and interests of the victims, urge the perpetrators to confess their sins and mend their ways, turn negative factors into positive ones, but also save judicial resources.


    Secondly, criminal reconciliation embodies the characteristics of China traditional culture. In the traditional culture of China, there is a spirit of "harmony is the most important". Reconciliation based on distinguishing right from wrong and consultation between the two sides is conducive to social stability.


    Thirdly, criminal reconciliation adapts to the trend of restorative justice in the international community. The focus of restorative justice is not the pursuit of punishment for crimes, but the pursuit of order reconstruction and social harmony. Procedurally, restorative justice also pays more attention to consultation and reconciliation. From the practical point of view, restorative justice has become a rising judicial reform movement in the international scope, and has also achieved remarkable results in preventing crimes, reducing judicial investment and safeguarding the interests of victims.


    Finally, criminal reconciliation is in line with the spirit of China’s current laws. China’s criminal law, criminal procedure law, etc., have some provisions on non-penalty punishment methods, mediation and reconciliation for minor cases. However, due to the lack of detailed legal provisions, the scope of application of these provisions and procedures has been greatly limited, and the positive functions have not been fully exerted. Therefore, it is very necessary to improve and refine the operating procedures.


    Scope of application Five kinds of minor criminal cases


    According to the "Provisions on the Application of Criminal Reconciliation in Handling Minor Criminal Cases (Trial)" promulgated by Taiyuan Municipal People’s Procuratorate, criminal reconciliation is applicable to minor criminal cases that meet one of the following circumstances: (1) The criminal suspect has a statutory lighter, mitigated or exempted punishment; (2) The criminal suspect is a negligent offender, a first-time offender or an occasional offender; (3) The criminal suspect is a minor, an elderly person or a student at school; (4) The victim is obviously at fault; (five) the case is caused by disputes between relatives and friends, neighbors, colleagues or classmates.


    In practice, criminal reconciliation can easily cause people’s worries about "buying punishment with money". In this regard, the head of the criminal reconciliation research group explained that although criminal reconciliation pays attention to protecting the interests of victims, criminal suspects, the state and society also benefit from it. Through criminal reconciliation, victims can be prevented from retaliating against criminal suspects and criminal suspects can be prevented from endangering society again, which not only embodies the protection of human rights, but also plays a positive role in controlling the occurrence of social crimes. Therefore, criminal reconciliation is a judicial idea and model to prevent crime from the victim’s point of view, which embodies humanistic care and social civilization and progress, and should not be misunderstood as "buying punishment with money".


    In addition, in criminal reconciliation, the "power" of procuratorial organs is remarkable. In this regard, the person in charge of the research group introduced that the procuratorial organ is a legal supervision organ. If the criminal suspect and the victim reach a settlement, they shall apply to the procuratorial organ for confirmation. The procuratorial organ is not the host of criminal reconciliation, but the supervisor of criminal reconciliation. In practice, we should try to avoid the interference of "public power" on the will of both parties.


    Procuratorial organs also have corresponding supervision and restriction mechanisms in the application of criminal reconciliation. If the grass-roots procuratorial organ intends to make a decision not to prosecute by applying criminal reconciliation to minor criminal cases, it shall be discussed and decided by the procuratorial Committee and reported to the Taiyuan Municipal People’s Procuratorate for approval; After accepting the request from the grass-roots procuratorial organs, the Taiyuan Municipal People’s Procuratorate shall report it to the procurator-general for decision or the procurator-general shall submit it to the procuratorial committee for discussion and decision.


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    ● What are the conditions for the procuratorial organ to confirm that the parties have settled?


    If the settlement agreement meets the following conditions at the same time, the procuratorial organ shall confirm that the criminal suspect and the victim have reconciled: (1) The criminal suspect pleads guilty and repents, apologizes to the victim, and makes corresponding commitments in writing; (2) The criminal suspect and the victim have reached a consensus on civil compensation matters, which have been fully fulfilled; (3) The victim expresses forgiveness for the criminal suspect.


    ● What happens when the procuratorate does not confirm that the parties have settled?


    If the settlement agreement has one of the following circumstances, the procuratorial organ shall not confirm it: (1) it infringes on the national interests, social public interests and the legitimate interests of other citizens; (two) against the true meaning of the parties; (3) Violating the prohibitive provisions of laws and administrative regulations.


    ● What corresponding supporting measures does the procuratorial organ have after criminal reconciliation and non-prosecution?


    Within one year after the implementation of the decision not to prosecute, the person who is not prosecuted shall regularly report to the procuratorial organ in writing his compliance with laws and regulations and his commitment. The procuratorial organ shall pay a return visit to the person who is not prosecuted and the victim. (Reporter Yuan Wei)


Editor: Wang Yuxi

New Media: Who will be the next chairman of the Federal Reserve? The market is waiting.

  BEIJING, Oct. 10 (Xinhua)-Singapore’s Lianhe Zaobao published an editorial on the 10th, saying that the term of office of the current Federal Reserve Chairman Yellen will expire in 2018, although there are still four months to go, and the battle for the chairmanship of the Federal Reserve has already started. US President Trump, who has been keeping his mouth shut about the next presidential candidate, finally revealed at the end of last month that he would give an answer in "the next two or three weeks". At present, the market is waiting for the next chairman, because it will have a far-reaching impact on the US capital market, monetary policy and economic trends.

Data Map: The current Federal Reserve Chairman Yellen

  The editorial said that Yellen has always been on Trump’s shortlist, and the possibility of re-appointment has not been ruled out. But Trump also frankly said that he had met with four candidates. Although it didn’t disclose who the four people were, according to White House officials’ talk and market speculation, they included Jerome Powell, the current Fed governor, Kevin Walsh, a former Morgan Stanley executive and former Fed governor, john tyler, a professor at Stanford University, and John allison, the former president of BB&T Company in the United States.

  The Federal Reserve is an organization composed of member banks, independent of the US government and Congress, and responsible for the formulation and implementation of monetary policy, supervision of member banks and national payment systems. The chairman and members of the Federal Reserve are nominated by the President and appointed by the Senate to ensure their independence. The chairman candidate in Trump’s mind will have a certain impact on the market. Trump himself is also cautious about this appointment. He said that he had held four meetings on the issue of the new chairman.

  In a speech last month, Yellen strongly defended the financial supervision measures after the financial crisis in 2008 and 2009. Although Yellen has expressed this view before, this speech has made the outside world think that the probability of her re-election has decreased, but some experts believe that the possibility of her re-election is still very high.

  If Yellen is re-elected, the Fed’s monetary policy can continue to be implemented, including normalizing the currency, reducing the balance sheet and continuing to raise interest rates, that is, maintaining a clear policy path, and the market can also see the obvious guiding direction.

  The Fed has raised interest rates three times in less than a year, and it is expected to raise interest rates again in December this year. As inflation is still below the target, there are still some dovish officials in the Fed who want to wait and see, but Rosengren, the hawkish chairman of the Boston Fed, said recently that the US labor market is already very tight, and it is imperative for the Fed to raise interest rates. Although Rosengren’s views often represent the overall policy direction of the Fed, whether to continue to raise interest rates in the future depends on who is the chairman of the Fed.

  Kevin Walsh, 47, served as a director of the Federal Reserve from 2006 to 2011. He once called for the revision of the way the Fed formulates monetary policy, and publicly expressed his dissatisfaction with the current economic policy. He is more hawkish than Yellen in policy stance. He represents a possible direction for the Fed in the future. At present, every move of the Fed depends on data, but it doesn’t mean that the Fed’s policy is no longer important. Under Trump’s "US priority" policy, whether the Fed will lose its independence has always been a concern.

  The article said that the current economic growth in the United States is stable, and there will be no risk of soaring inflation. Trump’s economic policy is becoming more and more obvious. Who will be the next chairman of the Federal Reserve may have an impact on the sustainability of US economic growth. A stable monetary policy is also expected by the market, and the established policy of raising interest rates must continue, so that the United States can steadily embark on the track of monetary policy normalization.

  The article pointed out that at the end of last year, the Federal Reserve Open Market Committee unanimously agreed to raise interest rates in an unprecedented way, and many central banks followed suit. Although it has a short-term impact on the stock market and foreign exchange market, the world must bid farewell to the era of ultra-low interest rates in order to get rid of the risk of asset bubble expansion. Whether the Fed’s operational policy will continue to be stable after five months still depends on the next personnel transfer of the chairman and other directors.

Price reduction news of Mercedes-Benz EQE SUV in Wuxi area! The special price is 331,000, so act quickly.

[car home Wuxi Preferential Promotion Channel] At present, preferential activities are being carried out in Wuxi, with a maximum discount of 155,000 yuan, and the minimum starting price is only 331,000 yuan. If you are interested in this model, you may wish to click "Check the car price" in the quotation form to get a higher discount.

无锡地区奔驰EQE

The design of Mercedes-Benz EQE SUV adopts the elegance and sense of technology of Mercedes-Benz family. In the front part, the air intake grille adopts a closed design, with sharp LED headlights, showing a unique sense of the future. The overall style is dominated by streamlined body and dynamic lines, which outlines a fashionable and luxurious image.

无锡地区奔驰EQE

Mercedes-Benz EQE SUV shows spacious and comfortable interior space with its length, width and height of 4880*2032*1679mm and wheelbase of 3030 mm.. Its streamlined body lines combined with 19-inch rims not only highlight the sporty atmosphere, but also add a sense of luxury. The front and rear tyre size are the same, both of which are 235/55 R19, which provides good grip and stability and ensures the driving experience of drivers.

无锡地区奔驰EQE

Mercedes-Benz EQE SUV interior takes luxury and technology as the theme, adopts high-quality leather steering wheel, and provides electric up-and-down and forward-and-backward adjustment functions, so that drivers can easily adjust to the most comfortable driving position. The central control screen has a size of 12.8 inches, equipped with advanced multimedia system and navigation function, and supports voice recognition control, which is convenient for drivers to operate. The seat is made of high-grade imitation leather. Both the main seat and the auxiliary seat have the functions of fore-and-aft adjustment, backrest adjustment, height adjustment, leg rest adjustment and lumbar support, and support the heating and ventilation functions, thus improving the riding comfort. In addition, the car is also equipped with electric seat memory function, which makes the seat settings of the driver’s seat and the co-pilot seat easy to save and recall. There are USB and Type-C charging interfaces in the front and rear rows, which are convenient for passengers to charge electronic devices. At the same time, the front seats are also equipped with wireless charging function, which makes the charging of mobile phones more convenient.

无锡地区奔驰EQE

Mercedes-Benz EQE SUV is equipped with an excellent electric engine with a maximum power of 300 kW and a peak torque of 858 Nm, providing the vehicle with strong power output and a smooth driving experience.

It is said that although the power performance of Mercedes-Benz EQE SUV is satisfactory, the low-profile model is not equipped with rear wheel steering system, which leads to the lack of flexibility of the vehicle. In addition, he mentioned that compared with the BMW 3 Series, the car still has some shortcomings in handling, and the body shaking is more obvious when passing through the pit, and the overall feeling is soft.