Lasso looks like this! There are 1188 mounds …

  The plane departed from Tianfu Airport in Chengdu, Sichuan, and arrived over Daocheng Airport in Ganzi Prefecture more than an hour later. At this time, overlooking from the plane porthole, a huge "disk" spread out on the earth.

  This "disc" is the High Altitude Cosmic Ray Observatory (LHAASO), also known as "Lasso". It is the highest altitude, the largest scale and the most sensitive gamma-ray detection device in the world. It is located on Haizi Mountain at an altitude of 4,410 meters in Daocheng County, Sichuan Province, covering an area of about 1.36 square kilometers.

  “‘ Lasso ’ The task is to catch ‘ from outer space. Sprinkle ’ Cosmic rays to the earth allow scientists to discover the unknown world in the depths of the universe and solve the mystery of the origin of cosmic rays. " Cao Zhen, chief scientist of Lasso and researcher of Institute of High Energy Physics, Chinese Academy of Sciences, introduced.

  On May 10th, after 8 years of pre-research and 4 years of construction, "Lasso" ushered in key nodes, successfully passed the national acceptance and was officially put into operation. The Acceptance Committee believes that the completion and operation of "Lasso" has made it one of the three major international experimental facilities for particle astrophysics, which is of great significance for promoting major original breakthroughs in this field and promoting the development of frontier interdisciplinary related disciplines and international cooperation.

  350,000 tons of pure water waiting for cosmic rays

  Looking down from the air at the big disk of the cable, the most striking thing is the square in the center, which is the array of water cherenkov detectors.

  

  Panoramic aerial photograph of "Lasso". Photo courtesy of Institute of High Energy Physics, Chinese Academy of Sciences

  It is mainly used to detect very high-energy gamma photons, and consists of three pools, two of which are square pools with a side length of 150 meters and the other is a rectangular pool with a length of 300 meters and a width of 110 meters. The total area of the three pools is 78,000 square meters, which is equivalent to 2.5 water cubes. The huge pool contains 350,000 tons of pure water.

  When cosmic rays reach the earth’s atmosphere, many secondary particles will be produced. When these particles cross the pure water in the pool, they will emit very weak blue light, which is Cherenkov light.

  In order to "capture" the very weak Cherenkov light, scientists installed many crystal clear "glass bubbles" at the bottom of the pool.

  "These ‘ Glass bubble ’ Is the detector unit. They are called photomultiplier tubes, which can convert weak Cherenkov optical signals into electrical signals to analyze cosmic rays. " Chen Mingjun, the general manager of the array of Lasso Shuicherenkov detectors, pointed to the "glass bubble" model and introduced it to reporters.

  For Chen Mingjun team, maintaining the transparency of pure water has become a major challenge.

  "When water is injected into such a large pool, it is very easy to be polluted. At first, we couldn’t clean it. This is the most troublesome problem for us. We also have nothing to learn from, and other projects will not use so much water. " Chen Mingjun said, "In order to clean the water, the team explored for two years."

  "We have repeatedly tried various schemes and constantly adjusted the chlorine concentration. Sometimes we are really desperate. Fortunately, our colleagues encourage each other." Finally, Chen Mingjun and his team successfully solved this problem by adjusting chlorine dosage and increasing water circulation flow.

  Muzi detector under 1188 mounds

  Boarding the "lasso" array viewing platform, many regularly arranged mounds caught the reporter’s eye. These mounds are about two people high, each covering an area of about 36 square meters, and the interval between mounds is 30 meters.

  Cao Zhen introduced that there are 1,188 mounds in the "Lasso" array, and a precise detector is buried in each mound — — Muzi detector.

  

  Science and Technology Daily reporter Lu Chengkuan photo

  The detectable area of each Muzi detector is 36 square meters. 1188 detectors spell out a sensitive detection area of about 40,000 square meters.

  This is the largest Muzi detector in the world. "Only when the detection area is large enough can we accurately screen out ultra-high energy gamma photons." Xiao Gang, the overall head of the "Lasso" Muzi detector array, said.

  Although there are great benefits, there are also great difficulties.

  The main part of the detector is buried under 2.5 meters deep soil, so it is impossible to maintain it frequently, which requires it to have very high reliability.

  In order to make the detector "durable", researchers have spent a lot of time, and the light pre-research took 8 years.

  "We first make a reasonable plan in design, and put equipment such as power supplies that are easily damaged on the mound, and equipment that is not easily damaged will be buried in the soil." Xiao Gang stood by the mound and said, "But design alone is not enough. Although the equipment buried in the soil is not easy to break down, once there is a problem, it will be very troublesome to repair."

  In order to do a good job in quality control, Xiao Gang’s team also adopted a series of technical means.

  "For example, the water bag filled with ultra-pure water is a key component of our detector. Its quality requirements are very high, and it must be absolutely sealed. It cannot enter any pollutants to affect the detection efficiency." For example, Xiao Gang said, "To this end, we have specially found a rare gas — — Sulfur fluoride is used to test the tightness of the water bag. "

  "The detection efficiency of this rare gas is very high. You can know which screw is not tightened by using it." Xiao Gang said with a smile, "This ensures the reliability of the water bag."

  Detection sensitivity that challenges the theoretical limit

  With the continuous efforts of the research team, "Lasso" has "clairvoyance" and "clairvoyance".

  Here, detectors are everywhere.

  In the "lasso" array, in the gap between the mounds, the reporter also found many green or white "small boxes". These "small boxes" are about 1.5 meters long and 1 meter wide, and they are called electromagnetic particle detector arrays. The distance between them is 15 meters and they are arranged in a zigzag pattern.

  The electromagnetic particle detector array, the largest detector array in the "cable", is mainly used to detect the secondary electromagnetic particles produced when cosmic rays reach the atmosphere.

  "This array consists of a total of 5,216 detectors. We have used it for more than 10 years from pre-research to design, installation and debugging." Cao Yu said.

  

  High altitude cosmic ray observatory (LHAASO) (panoramic photo of UAV) taken on April 21st. Xinhua News Agency reporter Jin Liwang photo  

  In Cao Zhen’s view, the "lasso" that condenses the painstaking efforts of many researchers has not lived up to their hard work and expectations.

  "Lasso" carried out observation work during the construction period. With unprecedented detection sensitivity, during the trial operation, "Lasso" made a number of breakthrough major scientific achievements: a large number of ultra-high energy cosmic accelerator candidate celestial bodies were discovered in the Milky Way, and the highest energy photons observed by human beings were recorded, which opened the era of "ultra-high energy gamma astronomy"; The ultra-high energy brightness of the standard candlelight crab nebula was accurately measured, and 1 trillion electron volts gamma radiation was found, which challenged the theoretical limit.

  Up to now, about 215 periodical papers and 156 conference papers have been published based on the Lasso project.

  Report to the 20th CPC National Congress of the Communist Party of China pointed out that we should speed up the implementation of a number of major national scientific and technological projects with strategic overall situation and forward-looking, and enhance the ability of independent innovation.

  Looking forward to the work prospect after the official operation, Cao Zhen said confidently: "As a major national science and technology infrastructure, ‘ Lasso ’ In the future, more high-level research results will be produced to help science and technology run out of self-reliance ‘ China speed ’ !”

Hook Shen | 30 years ago, the prize was a 14-inch color TV set for each person.

It has been 12 years since the "Fengyun Zheshang" was held in 2003, and Lu Guanqiu and other Zheshang "big bosses" have stood on the podium. CFP data

        On the evening of January 21st, the results of the 2014 "Fengyun Zheshang" selection were announced in Hangzhou.

        "Fengyun Zheshang" is the highest honor of Zhejiang businessmen who are "the first business group in China", and its award ceremony has become an annual event of Zhejiang business circles. It has been 12 years since it was held in 2003, and Lu Guanqiu, Zong Qinghou, Nan Cunhui, Ma Yun, Guo Guangchang and Li Shufu have all stood on the podium.

        However, this is not the earliest selection of entrepreneurs in Zhejiang. The Paper (www.thepaper.cn) verified that on January 20, 1985, Zhejiang held a prize-giving conference for the selection of factory directors (managers) who were praised by thousands of people, and 15 factory directors (managers) were elected, including Lu Guanqiu, the current chairman of the board of directors of Wanxiang Group and then the director of Hangzhou Universal Joint Factory.

        This is not only the first selection of entrepreneurs in Zhejiang, which was also called "business operators" at that time, but also the first similar selection in China, which was three years earlier than the first selection of "China’s outstanding entrepreneurs" sponsored by the former State Economic Commission and left a strong impression in the history of reform and opening up.

        "Since then, entrepreneurs, the most outstanding representatives of Zhejiang’s new wealth class, have really come into our field of vision as an increasingly powerful social force, and after more than 10 years, they have gathered to become the unique business culture concept of’ Zheshang’ in China." Hu Hongwei, a famous financial writer, commented on this selection in his book "Model Students in China-A Complete Record of Zhejiang’s 30 Years of Reform and Opening-up".

        Today, among the 15 benchmark figures of that year, Lu Guanqiu is still fighting in the front line.

Now it is called "Fengyun Zheshang", and the title at that time was "Ten thousand people praised the factory director"       

        In December 1984, Zhejiang Enterprise Management Association, Provincial Factory Director Research Association and Zhejiang People’s Broadcasting Station launched the selection of "Ten Thousand People Praise" factory directors (managers) in Zhejiang Province. A total of 63 factory directors and managers participated in the selection.

        Different from the various kinds of evaluations now, these factory directors and managers can be described as "real knives and guns". According to Zhang Guizhi, former deputy director of Zhejiang Radio and Television Department and director of Zhejiang People’s Broadcasting Station, 63 people gave a five-minute radio speech on the morning news and newspaper summary and the evening news broadcast of the whole province to introduce the reform experience and plans.

        The event received a strong response and received nearly 59,000 votes in less than one month. At that time, the main leaders of the provincial party Committee specifically talked about it at the enlarged meeting of the provincial party Committee plenary session: "Recently, a million people praised the selection of factory directors (managers) held by the provincial radio station, and a large number of factory directors gave speeches. Some of these people have diplomas, and many of them have no diplomas, but they are also talents."

        On January 20, 1985, the selection activity held an award-giving conference, and 15 factory directors and managers with more than 10 thousand votes were elected. According to the verification, they are:

        Bu Xinsheng, Director of Haiyan Shirt General Factory;

        Feng Gensheng, director of Hangzhou No.2 Chinese Medicine Factory;

        Lu Guanqiu, director of Hangzhou Universal Joint Factory;

        Zhang Siming, director of Hangzhou Iron and Steel Plant;

        Tao Defu, director of Hangzhou Rubber Factory;

        Luo Qilin, director of Shangyu County Environmental Protection Equipment General Factory;

        Lu Xianshun, director of Hangzhou Refinery;

        Yin Xiangquan, director of Lanxi Chemical Plant;

        Fan Haibo, Deputy Director of Ningbo Water Meter Factory;

        Zhang Zhenqi, director of Jiaxing Minfeng Paper Mill;

        Wang Siai, director of Pingyang Chemical Plant;

        Yu Jianming, manager of Hangzhou Second Light Industry Corporation;

        Luo Qi, director of Jiangshan Cement Plant;

        Zheng Yangsheng, director of Hangzhou Machine Tool Plant;

        Li Xinlong, director of Changxing Cement Plant.

        Among them, Bu Xinsheng topped the list with 54,000 votes, and Lu Guanqiu got 43,000 votes. Bu Xinsheng, Feng Gensheng and Lu Guanqiu, which rank in the top three, respectively come from urban collective enterprises, state-owned enterprises and township enterprises.

        It has been 30 years since 1985. Let’s take a look: where is the predecessor of Zheshang’s "Big Brother" 30 years ago?

        Around 1985, Zong Qinghou was still selling pollen oral liquid for health care products factory-he didn’t set up Wahaha Children’s Food Factory, the predecessor of Wahaha Group, until 1987; Nan Cunhui, who was born as a shoemaker, set up a workshop-style Kai Guanchang in a broken house last year; This autumn, Guo Guangchang, an 18-year-old country boy, took the train for the first time, and his destination was Fudan University. After two failures in the college entrance examination, Ma Yun was admitted to the Foreign Language College of Hangzhou Normal University last year, because the undergraduate course was not full and he was lucky enough to squeeze into the undergraduate course. Li Shufu, who was in his early twenties, didn’t have the idea of "building a car". At that time, he was the director of a refrigerator parts factory in Huangyan County, Taizhou.       

The iconic 1984 and former "reform idol" Bu Xinsheng.       

        Why did Zhejiang hold the "ten thousand people praise" factory director (manager) selection? Due to the long history, The Paper did not find more direct historical materials. However, it is not difficult to understand if it is related to the macro background at that time.

        There were several important events in 1984:

        At the beginning of the year, Deng Xiaoping visited Shenzhen and Zhuhai, the special economic zones, and the opening pattern of China spread rapidly. In April of that year, the central government decided to open the first batch of 14 coastal cities, including two in Zhejiang: Ningbo and Wenzhou.

        On March 24th, the appeal of 55 directors of key state-owned enterprises in Fujian, Please untie us, was published in Fujian Daily, which became the most sensational enterprise event of that year. This is the first time that China entrepreneurs have publicly appealed to the capital side-government departments on the autonomy of operators. Later, March 24th was once named "China Entrepreneur Activity Day". This call soon became a consensus. In May, the State Council issued the Interim Provisions on Further Expanding the Autonomy of State-owned Industrial Enterprises.

        In May, the "Seminar on World New Technological Revolution Wave and China Reform" organized by non-governmental organizations was held in Hefei, and Weng Yongxi, secretary of Fengyang County Party Committee at that time, Bu Xinsheng, director of Jiaxing Haiyan Shirt Factory, and Wang Zepu, director of Anshan Seamless Steel Tube Factory were invited. The conference was circulated under a resounding name: "National Reformers Conference".

        From September 3 to 10, the first national symposium for young and middle-aged economic scientists was held in Moganshan, Zhejiang Province, known as the "Moganshan Conference". This conference was later called "a groundbreaking event in the history of economic reform thoughts", which provided many important ideas for the reform in the 1980s, the most famous of which was the price dual-track system of "combining release with adjustment".

        On October 20th, the Third Plenary Session of the 12th Central Committee of the Communist Party of China was held. The Decision of the Central Committee of the Communist Party of China on Economic System Reform adopted at the meeting broke through the traditional concept of opposing planned economy and commodity economy, and put forward that socialist economy is a planned commodity economy on the basis of public ownership.

        A series of major events aimed at breaking the deadlock in reform made 1984 a landmark year in the history of China enterprises, with a special temperament and full of imagination. In the future, many companies were born in this year, including Haier, Vanke and Lenovo. In 1984, it was called "the first year of China Hyundai Company".

        In Zhejiang, in order to implement the central government’s decision on economic system reform, "two reforms and two opening-ups" have been identified as the main tasks of economic work, that is, economic system reform and technological transformation, as well as opening up to the outside world and developing marine and human resources. According to the report of Zhejiang Daily on December 30, 1984, when the provincial leaders listened to the report of the provincial planning work conference, they said that in the economic system reform, we should firmly grasp the center of enhancing the vitality of enterprises, "not only township enterprises, collective enterprises and small state-owned enterprises should be further invigorated, but also large and medium-sized enterprises for the whole people." He also said that respecting knowledge and talents is the key to doing a good job in economic construction. "We should fully develop human resources and boldly use a group of talents with knowledge, management and pioneering spirit."

        Bu Xinsheng was born around 1984, which should also be an important reason for Zhejiang to hold the selection of factory directors (managers) who were praised by thousands of people.

        Bu Xinsheng, director of Haiyan Shirt General Factory, was the most famous "reform director" and "reform idol" in China in the early 1980s. He became popular in 1983. In 1984, the "Bu Xinsheng fever" reached its climax. From March 9 to April 15, Xinhua News Agency alone broadcast 27 articles about him, accounting for more than 30,000 words. Mu Qing, then president of Xinhua News Agency, said afterwards that the breadth and intensity of Bu Xinsheng’s nationwide publicity was second only to that of Jiao Yulu and Lei Feng. Bu Xinsheng was elected as the "Special Invited Committee Member" by Chinese People’s Political Consultative Conference, and the cloth cutting scissors he used were included in the Museum of Chinese History. The pilgrims coming from all over the country almost blocked the narrow sand road leading to Haiyan County, with a maximum of tens of thousands of people a day. It is even stipulated that only cadres at or above the bureau level can meet Bu Xinsheng, and others can listen to the recording.

        At that time, one year later, Lu Guanqiu, who was on the list at the same time as Bu Xinsheng, was also "dwarfed" compared with the former. In May, 1984, Lu Guanqiu got into the van and went to Haiyan Shirt Factory to "visit and study".

        Hu Hongwei wrote in "China Model Student": The factory gate was crowded with visitors who were anxious to be interviewed, and Lu Guanqiu’s van was naturally stopped by the guard: "The factory director is very busy today." After several negotiations, the guard let go: "Otherwise, you can drive around the factory and breathe the air here, which is considered to be a study."

        Fortunately, a reporter from Zhejiang Daily, who is familiar with Lu Guanqiu, walked out of the factory. Under the introduction, Bu Xinsheng waved his hand: "Then meet."

        Shake hands and sit down. Bu Xinsheng said, "Reform is needed. Now, state-owned enterprises, such as pigs, have to be fed by others; Our collective enterprises are like chickens. When it’s good, someone scatters rice for you, and when it’s bad, you have to find your own food. Your township enterprises, like dogs, have always been born to raise … "       

Lu Guanqiu was "liked" by the supreme leader: always leading the trend.       

        Many years later, Lu Guanqiu and Feng Gensheng, who were among the top three directors (managers) who were praised by thousands of people, still remember this selection vividly.

        In July 2002, Hangzhou held a conference to revitalize the city through industry. Lu Guanqiu, Feng Gensheng and Zong Qinghou were awarded 3 million yuan by the municipal government. At the end of the year, three people and Mao Linsheng, the then mayor, attended the "Dialogue" program of CCTV Economic Channel.

        In the program, Lu Guanqiu took the initiative to talk about the selection in 1985. He said that among the awards he won over the years, he was most impressed twice: once, he was awarded 87,000 yuan for contracting in 1983. "At that time, I didn’t dare to take it, and I took 10% and 8,700 yuan. The excess part is handed over to the school, and the school is run "; The other time was the 14-inch color TV awarded by the director (manager) of "Ten Thousand People Praise".

        Lu Guanqiu revealed that he didn’t take the color TV home, but sent it to the dormitory of college students in the factory. "On the one hand, I didn’t dare to take it home because I didn’t have this ability at that time; Second, college students must have a good environment if they want to stay. "

        Feng Gensheng did take the color TV home, but according to him, the 14-inch color TV was very rare at that time. "I can’t bear to use it when I take it home, but I want to use it when my children get married." Because I was afraid of being stolen, I hid the TV under the bed.

        But this color TV didn’t come in handy in the end. "After three or four years, the 14-inch color TV was eliminated-our country has changed too much. Up to now, this color TV reduction box has been kept as a souvenir. " He said.

        Bu Xinsheng, Feng Gensheng and Lu Guanqiu have different experiences after being praised by thousands of people.

        As "the most famous director of reform in China", Bu Xinsheng started the "Great Leap Forward" and set up a "one-stop clothing production trust". But behind the glory are endless troubles: the project of the suit factory has been delayed for a long time, a large number of ties are overstocked, and the capital chain is broken. It seems that the reform experience that has been brilliantly preached in countless reports is not effective. In 1988, due to the blind expansion of scale and insolvency of enterprises, Bu Xinsheng was removed from office.

        After the "myth" was shattered, Bu Xinsheng still tried to prove himself. One month after he was removed from office, he left his hometown without saying goodbye to anyone. Start a business in Shanghai first; Then go north and contract a loss-making clothing factory in Beijing; Then go out to Panjin, Liaoning, and even drift to Russia. Since then, this faded "reform idol" has gradually become a historical term that sometimes evokes people’s memories. The former Haiyan Shirt Factory has now become a residential area.

        In 2001, Bu Xinsheng was diagnosed with kidney cancer, had his kidney and spleen removed, and retired from business. He chose Shanghai as his residence, not Haiyan, because it would remind him of too many past events.

        But in 2014, he changed his mind and decided to return to his hometown to settle down. In June this year, the 80-year-old man was filled with emotion at the related ceremony held in his hometown: As the saying goes, a tree soars, and its leaves fall to its roots …

        Feng Gensheng was elected as the first "National Outstanding Entrepreneur" in 1988. After that, it has repeatedly become the focus of news: in 1991, in the face of numerous examinations for factory directors of state-owned enterprises, it announced a "strike", which set off a "strike storm" that shocked the whole country; In 1992, suffering from the difficulties of the mechanism, he established China Qingchunbao Group, introduced Thailand Zhengda Group, and established Zhengda Qingchunbao Pharmaceutical Co., Ltd. with Hangzhou No.2 Chinese Medicine Factory as a joint venture, with foreign capital holding, which was a "foreign dress incident" for the bees. In 1998, Qingchunbao took the lead in promoting employee stock ownership. Feng Gensheng had to hold 2% of the shares, which was converted into RMB 3 million. However, his income could not afford it at all, which led to the "Feng Gensheng problem" of "whether 3 million individual shares should be held".

        In 2010, Feng Gensheng retired at the age of 76. He has been in charge of the enterprise for nearly 40 years, and is the longest-serving leader of state-owned enterprises in China, winning the reputation of "evergreen tree". At the annual award ceremony of "Fengyun Zheshang" in January of the following year, he was awarded "Meritorious Zheshang".

        Of the three people, only Lu Guanqiu is still active in shopping malls, and Wanxiang Group founded by him has developed into a multinational enterprise with more than 30,000 employees.

        Lu Guanqiu, who is 70 years old, is not strong enough. He is aiming at new energy, especially the field of new energy vehicles. In July last year, Lu Guanqiu said at a meeting celebrating the 45th anniversary of Wanxiang’s pioneering work, "We must concentrate our efforts, give full play to our full potential, increase investment and speed up, and build a stronger technological advantage and an international industrial platform on the basis of traditional manufacturing capabilities, so as to truly form the rising trend of clean energy and occupy the commanding heights of industrial development."

        On the eve of May 1, 2013, the Supreme Leader mentioned Lu Guanqiu at the National Forum of Model Workers: "Comrade Lu Guanqiu is our first batch of township enterprise reformers, and he is still at the forefront of reform. Forty years have passed, and many people have come along with him like this, and it is also a big wave to wash sand. Now look, how many people were there in that period? I have worked in Zhejiang, and Comrade Lu Guanqiu is reasonable in accordance with the law, modest and prudent, and has always kept a pragmatic low profile and kept pace with the times. He has always pondered Wanxiang, and until now, Wanxiang has always been in a leading position. "

        

Details of the corruption case of Xi’ an subway office are exposed: central enterprises pay bribes with public funds, and businessmen are asked for gold bars.

Recently, the upstream journalist (reporting micro-signal: shangyounews) learned from China Judgment Document Network that Wang Zhiqiang and Tang Hongbo, two deputy directors (deputy general managers) of the former Xi ‘an Metro Construction Command Office (hereinafter referred to as "Xi ‘an Metro Office"), were sentenced to five years’ imprisonment and fined 500,000 yuan in the first instance for accepting bribes.

Wang Zhiqiang (left) and Tang Hongbo (right), former deputy directors of Xi ‘an Metro Office. Official website Data Map of Xi ‘an Metro

Wang Zhiqiang was found to have taken bribes totaling 2.2 million yuan, of which 1.8 million yuan was paid by the project managers of three central enterprises involved. Tang Hongbo was found to have accepted benefits from others, demanded property from others and asked others to decorate his house, equivalent to 1,797,645 yuan.

Up to now, there are three director-level officials involved in the corruption case of Xi ‘an subway. On August 1, 2017, Chen Dongshan, former deputy director of Xi ‘an Municipal People’s Congress Urban and Rural Construction Environmental Resources Protection Committee, former director of Xi ‘an Metro Office and former general manager of Xi ‘an Metro Company, was arrested on suspicion of accepting bribes.

According to the statistics of upstream news, up to now, many people involved in the corruption case of Xi ‘an subway have been sentenced. In addition to Wang Zhiqiang and Tang Hongbo, Feng Ruixiang, the former director of the Electrical Products Testing Center of Xi ‘an Product Quality Supervision and Inspection Institute, was sentenced to six months in prison and fined 100,000 yuan for accepting the shopping cards and cash of the heads of Shaanxi Okay Cable Co., Ltd. and other companies. Du Moumou, former deputy director of the mechanical and electrical equipment department of Xi ‘an Metro Company, was sentenced to two years’ imprisonment and fined 200,000 yuan for accepting a thank-you fee of 400,000 yuan from Wang, an agent salesperson of Changjiang Hi-Tech Cable.

Three central enterprises offered 1.8 million yuan in cash to bribe Wang Zhiqiang, which was listed as public expenditure afterwards.

In March 2017, a net post reported that there was a problem with the cable of Xi ‘an Metro Line 3, which caused public concern. The Xi ‘an Municipal Government held a press conference to announce that the five specifications of cables used in Metro Line 3 and produced by Shaanxi Okay Cable Co., Ltd. were all unqualified.

A month later, an employee who claimed to be a subway company reported online that Wang Zhiqiang, deputy director of Xi ‘an Metro Office, was involved in bribery in project contracting, and illegally contracted more than ten subway export sites such as SpringJinqiao, Laodong Road and Anyuanmen of Xi ‘an Metro Lines 1, 2 and 3 to individual companies. A number of commercial buildings outside the station are illegal buildings, and the developer Shaanxi Helituo seeks to carve up a huge profit of 30 million yuan every year by renting out. According to the agreement, the total amount of corruption in 20 years exceeds 600 million yuan.

According to the judgment, in December 2007, China Railway 18th Bureau won the bid for the TJSG-1 section of the civil works from North Railway Station to Zhangjiabao Station of Xi ‘an Urban Rapid Rail Transit Line 2, which was managed by Yang, the project manager of the Third Company of China Railway 18th Bureau. In 2008, during the project construction, problems such as house demolition, relocation of heating pipeline and installation of temporary transformer affected the construction progress.

In order to solve the problem quickly, Yang found Wang Zhiqiang and hoped that he could help to coordinate and solve related problems. In January 2009, Yang went to Wang Zhiqiang’s home and gave him a cardboard box containing 400,000 yuan in cash, thanking him for his help in the North Railway Station project. A week later, Yang gave him a cardboard box containing 400,000 yuan in cash near Wang Zhiqiang’s home.

Subsequently, in order to solve the problems existing in the construction of China Railway 18th Bureau, Wang Zhiqiang found weiyang district Urban Construction, Xi ‘an Thermal Power Corporation and Xi ‘an Power Supply Bureau to communicate and coordinate, and organized a site meeting on behalf of the Metro Office to solve the problems affecting the construction progress.

However, the 800,000 yuan that Yang, the project manager of China Railway 18th Bureau, gave to Wang Zhiqiang was not his personal burden. At that time, Li, the financial director of the project department of the Third Company of China Railway 18th Bureau, confirmed that the money was handed over to Yang in the name of work coordination, with 400,000 yuan each. Later, in order to make up the cash inventory, the finance department of Xi ‘an North Station Project Department of China Railway 18th Bureau collected 800,000 yuan in cash from four construction teams by borrowing, and then the project planning department listed 800,000 yuan as the project cost by pricing, which was paid to the construction teams by the finance department in the form of project funds.

China Railway 18th Bureau is not the only one who embezzles public funds and pays bribes.

In December, 2009, China Railway No.9 Bureau and China Railway No.19 Bureau Group won the bid for the civil construction of the D2TJSG-26 and D2TJSG-22 sections from the Convention and Exhibition Center of Xi ‘an Urban Rapid Rail Transit Line 2 to the south section of Weiqu, respectively. Li, then the project manager of China Railway No.9 Bureau, and Wang, then the project manager of China Railway No.19 Bureau, were in charge. The following year, due to inadequate compensation for land expropriation, the villagers collectively blocked the work, and the construction progress was affected by the demolition and relocation of the pipeline of Sanyan Station and the relocation of the tap water pipeline in the D2TJSG-22 bid section of civil construction, so they turned to Wang Zhiqiang for help.

One day at the end of 2010, Wang, the project manager of China Railway 19th Bureau, went to the Wang Zhiqiang office and talked to Wang Zhiqiang about the project. When he left, he left a bag with 500,000 yuan in cash and told Wang Zhiqiang that he hoped Wang Zhiqiang would help solve the existing problems as soon as possible.

Through the coordination of Wang Zhiqiang, the problems existing in the above two enterprises have been solved one after another, thus ensuring the contract period.

Afterwards, in order to express his gratitude and hope to continue to get Wang Zhiqiang’s care, one day before the Spring Festival in 2010, Li, then the project manager of China Railway Ninth Bureau, came to Wang Zhiqiang’s office to express his gratitude. When he left, he left two black bags with a total of 500,000 yuan in cash.

Li and Wang respectively sent out a total of 1 million yuan in bribes, all of which were public funds of the project department.

According to Wang, then deputy manager of the project department of Xi ‘an Metro Line 2 of China Railway Ninth Bureau, the project department decided to pay the money in advance by three cooperative teams after research, and then supplemented it in the contract inspection. Later, the finance department of the project department gave 500,000 yuan to the assisting unit one after another with the imaginary engineering quantity. At that time, Xing Mou, the financial director of the project department of Xi ‘an Metro Line 2 of the 19th Bureau of China Railway, also said that the 500,000 yuan sent by the project department was later listed on the financial account by falsely listing labor expenses.

Tang Hongbo asked businessmen to decorate their houses and also asked for gold bars.

Tang Hongbo, another deputy director of Xi ‘an Metro Office, also accepted huge bribes.

According to official data, during his tenure in Xi ‘an Metro Office, Tang Hongbo was mainly responsible for the construction of Metro Line 3 and the land reserve of the subway, and concurrently served as the director of the land reserve center, in charge of the first project and the land reserve office (land reserve center). In addition, it is worth noting that Tang Hongbo used to be the secretary of Chen Baogen, the former mayor of Xi ‘an.

In March 2017, after the "Okay Cable Incident" broke out in Xi ‘an subway, the Xi ‘an Municipal Commission for Discipline Inspection released a list of 12 people who were investigated for suspected violation of discipline, the first one being Tang Hongbo.

According to the judgment, in October 2011, Xi ‘an Metro Company and Shaanxi Land Real Estate Co., Ltd. signed the Equity Cooperation Agreement for the Development Project of Jixiang Village Station of Metro Line 3 to jointly develop more than 50 mu of state-owned land acquired by the demolition of Xiaozhai West Road and Hanguang Road Cross in Yanta District of Xi ‘an. The two parties agreed to jointly fund the establishment of Metro Real Estate, with Tang Hongbo as the chairman and legal representative of Metro Real Estate on behalf of Xi ‘an Metro, and Wang, the legal representative of Shaanxi Land Real Estate Company, as the general manager of Metro Real Estate. Shaanxi Land Real Estate Company is responsible for the investment of project development funds, and Metro Real Estate is specifically responsible for the project implementation.

In June and July, 2013, after the delivery of Yu Feng Xin Yuan, a commercial house in Xi ‘an purchased by Tang Hongbo, he asked Wang, the legal representative of Shaanxi Land Property Company, to design and decorate the house. Wang has arranged for the subway real estate staff to be specifically responsible for the renovation. The renovation of the house and the purchase of furniture and appliances cost a total of 228,220 yuan, and all the required funds were paid from the financial loan of the subway real estate, and the subway real estate handled the expenses.

According to the reporter, Wang is Henry Hui Wang, the former general manager of Xi ‘an Metro Real Estate. On December 25th, 2017, the Yanta District Court of Xi ‘an convicted Henry Hui Wang of embezzlement of public funds and sentenced him to five months’ detention.

The judgment of the first instance also shows that at the end of December 2012, during the implementation of the project, Tang Hongbo asked Wang to provide him with two gold bars in the name of New Year greetings. Wang used a credit card to pay 138,800 yuan, bought four gold products (100 grams each), and gave two of them to Tang Hongbo in the office.

The judgment further revealed that Tang Hongbo had helped Silian Intelligent Technology Co., Ltd. (hereinafter referred to as Silian Intelligent), a company listed on the New Third Board, win the bid for the installation and decoration of station equipment in the first phase of Xi ‘an Metro Line 3. In May and June 2015, Zhang, then the legal representative of Silian Intelligent and Tang Hongbo’s "small hair", gave Tang Hongbo a benefit fee of 1.5 million yuan.

After Tang Hongbo received 1.5 million yuan, part of it was paid for building in Huyi District of Xi ‘an, and part of it was used to buy furniture, cars and other household consumption. 

(The original title is "Details of the corruption case of two deputy directors of Xi ‘an Metro Office: central enterprises paid bribes with 1.8 million yuan of public funds, and businessmen were asked for gold bars")

Fiscal policy focuses on expanding investment and promoting consumption.

Recently, the central government has repeatedly stressed that the effectiveness of policies should be fully released to accelerate the expansion of effective demand. What is the current domestic effective demand? How to comprehensively implement policies to expand effective demand?

Faced with the problem of insufficient demand, how to exert macro-policies has attracted much attention. Politburo meeting of the Chinese Communist Party, held at the end of July this year, demanded that macro policies should be active in expanding demand.

In terms of fiscal policy, since the beginning of this year, special bonds, large-scale tax rebates and other policy tools have played an important role. Recently, the executive meeting of the State Council has made continuous arrangements to fully release the effectiveness of policies, accelerate the expansion of effective demand, and promote investment with consumption to increase employment.

Make good use of special debt limit

The the State Council executive meeting held on August 31st emphasized that "at the critical juncture of economic recovery, it is very important to speed up the effectiveness of the release policy".

"Politburo meeting of the Chinese Communist Party and the recent the State Council executive meeting have deployed relevant measures to increase fiscal policy to support the real economy and stabilize aggregate demand, including making full use of special debt balance limits, stimulating infrastructure and stimulating consumption." Luo Zhiheng, chief economist of Yuekai Securities and president of the research institute, believes that from the macro perspective, a series of deployments are mainly intended to promote the recovery of demand as soon as possible, stabilize the economic market and promote employment stability.

Special bonds play an important role in stimulating effective investment and stabilizing macroeconomic operation. Statistics show that by the end of August, a total of 3.52 trillion yuan of special bonds had been issued, and the amount used for project construction has basically been issued, much ahead of previous years. At the same time, new infrastructure and new energy projects will be included in the key support scope of special bonds, so as to give full play to the role of special bonds in promoting the expansion of effective investment.

The effect of special bonds in stimulating investment is obvious. In the first seven months of this year, various localities have arranged more than 250 billion yuan of special bond funds for major projects such as railways, toll roads, trunk airports, etc., and actively played the role of instigating government investment.

On August 24th, the the State Council executive meeting made arrangements to make good use of the local balance limit of more than 500 billion yuan of special bonds in accordance with the law, and the issuance was completed before the end of October.

Li Xuhong, director of the Institute of Finance and Taxation Policy and Application of Beijing National Accounting Institute, believes that there is a great potential for investment demand in China at present. As a positive fiscal policy, special bonds will play a leading role in investment and effectively mobilize the enthusiasm of social investment. "In the second half of the year, local governments should revitalize the quota space of local special debts according to law, continue to promote investment in infrastructure construction, and give play to the multiplier effect of government investment to expand reproduction and expand new investment space." Li Xuhong said.

"This year, affected by the real estate market, the income from land transfer has also been affected, and the overall financial pressure is greater than in previous years. Using the special debt limit can appropriately alleviate the financial pressure in some areas and promote infrastructure. However, it should be noted that the geographical distribution of the difference between the limit and the balance of special debt is not balanced. To play a role, it is necessary to make great efforts in project reserve and screening. " Luo Zhiheng said.

Promote enterprises to expand investment.

Although the epidemic has had a great impact on the market in recent years, the workshop of Zhejiang Xinjin Air Conditioning Equipment Co., Ltd. is still producing at full capacity, and the products continue to sell well. Fan Aisong, the person in charge of the company, said that through digital transformation, the company has realized the supervision of the whole process of product production and opened up a new world in the market.

Behind the enterprise’s full efforts to carry out scientific research and development and investment, the tax preferential policy dividend is indispensable. "This year alone, the company received more than 3 million yuan in tax refund for retention and export, which provided strong support for enterprises to expand their scale." Fan Aisong said that the company will use this fund to introduce new energy fully automatic valve production lines and strive to build a leading manufacturer of air conditioning assemblies for new energy vehicles in the industry.

Since the beginning of this year, China has implemented a new combined tax and fee support policy, such as a large-scale value-added tax refund policy, which has effectively helped enterprises to solve problems. Statistics show that as of August 31, the cumulative increase in tax reduction and fee reduction and tax refund and tax deferral in China exceeded 3.3 trillion yuan. Among them, from April 1st to August 31st, the large-scale VAT tax refund policy was implemented, and 2,049 billion yuan of tax refund has been returned to the taxpayer’s account. Together with the 123.3 billion yuan of the previous tax refund policy, a total of 2,172.3 billion yuan of tax refund has been returned to the taxpayer’s account.

Policies such as large-scale value-added tax refund have played an active role in effectively guiding social expectations, stimulating the vitality of market players and helping to stabilize the macro-economic market. At the same time, it will send "real money and silver" to enterprises, so that enterprises can have more investment motivation. According to the data of the VAT invoice, in the second quarter, the equipment investment of manufacturing enterprises that applied for tax refund increased by 11.9% year-on-year, which was 9.5 percentage points higher than that of enterprises without tax refund.

Li Xuhong analyzed that a series of combined tax and fee support policies have many types, large scale and wide coverage, which have effectively played the role of countercyclical adjustment and increased corporate cash flow, which is conducive to opening up corporate capital blocking points, stimulating corporate investment demand and enhancing market participants’ investment expectations.

In addition to the value-added tax deduction, this year’s combined tax and fee support policy also includes increasing the deduction ratio of R&D expenses of small and medium-sized science and technology enterprises to 100%, exempting small-scale taxpayers from value-added tax in stages, continuing to implement tax reduction and fee reduction policies to support manufacturing, small and micro enterprises and individual industrial and commercial households, and gradually delaying social security fees to expand the scope. It is estimated that the annual tax refund and tax reduction will be about 2.64 trillion yuan.

Recently, the Ministry of Finance issued the Report on the Implementation of China’s Fiscal Policy in the First Half of 2022. When looking forward to the fiscal policy in the second half of the year, it was clearly proposed to continue to implement various combined tax and fee support policies and continuously release policy dividends.

"In the next stage, the tax and fee support policy will further improve the accuracy of support, continue to help market players to bail out development, and the driving effect on enterprises to expand investment will be more obvious." Li Xuhong said.

Enhance residents’ consumption power

500,000 yuan in April, 800,000 yuan in May, 960,000 yuan in June and 1.1 million yuan in July … In recent months, the turnover of Donghua Hotel in Luoyang, Henan Province, a century-old shop, has gradually increased.

"This year, we enjoyed a series of preferential tax policies, such as property tax and land use tax reduction, as well as value-added tax plus deduction, which effectively reduced the operating pressure, and then carried out various preferential activities, such as recharging packages and sending cash coupons to stores, which stimulated the enthusiasm of consumers and the business situation obviously picked up." Gu Gang, deputy general manager of the restaurant, said.

The implementation of the combined tax and fee support policy will promote the development of enterprises’ bail-out on the one hand and promote residents’ consumption on the other. Statistics in State Taxation Administration of The People’s Republic of China show that as of July 20th, tax reduction and fee reduction and tax refund and tax deferral in difficult industries such as retail, catering, tourism, transportation, etc. which are greatly affected by the epidemic have increased by 542.8 billion yuan. According to the data of VAT invoice, the sales revenue of wholesale and retail, accommodation and catering industry and transportation industry in June increased by 7.5, 19.1 and 5.8 percentage points respectively compared with May.

At the same time, the tax policy also strongly supports the steady increase of mass consumption such as automobiles, boosting the release of domestic demand potential. At the end of May, the State Council made it clear that the purchase tax on some passenger cars would be reduced by stages. For passenger cars with a displacement of 2.0 liters or less whose purchase date is from June 1 to December 31, 2022 and the bicycle price does not exceed 300,000 yuan, the vehicle purchase tax will be reduced by half to boost automobile consumption. This policy is expected to reduce the tax by 60 billion yuan.

The exemption of new energy vehicles from vehicle purchase tax policy also attracts consumers’ attention and stimulates the consumption potential of new energy vehicles. The reporter learned from State Taxation Administration of The People’s Republic of China that from January to July this year, new energy vehicles were exempted from vehicle purchase tax of 40.68 billion yuan, up 108.5% year-on-year, of which 7.17 billion yuan was exempted from vehicle purchase tax in July, up 119.1% year-on-year. According to the data of China Association of Automobile Manufacturers, from January to July this year, the sales volume of new energy vehicles reached 3.194 million, a year-on-year increase of 1.2 times.

On August 18th, the executive meeting of the State Council decided to continue to implement the vehicle purchase tax exemption policy for new energy vehicles until the end of 2023. This is the third time that China has continued to implement the tax exemption policy for new energy vehicles since it was first implemented in 2014. It is estimated that the tax exemption will be increased by 100 billion yuan.

"Compared with the same period of last year, the sales revenue of our company’s new energy vehicles has increased by over 40 million yuan this year, with a year-on-year increase of nearly 120%. The continued implementation of preferential tax policies has injected new impetus into the market." Li Xuemei, the person in charge of Hengsi Automobile Sales Co., Ltd. in Suining City, Sichuan Province, said that some hot-selling new energy vehicles have even been pre-ordered for delivery, and more than 100 vehicles have been booked in early August alone. The sales volume of the traditional gold consumption season in the automobile market is expected to maintain rapid growth in September.

"In the next step, we should continue to do a good job in promoting investment and promoting the implementation of consumption fiscal policies, and form a joint force of diversified fiscal policies. Strengthen the linkage between fiscal and monetary policies, support the implementation of policy-oriented development financial instruments, make up for the current lack of investment and consumer demand, and achieve the comprehensive effect of expanding effective investment, driving employment and promoting consumption. " Li Xuhong said. (Reporter Zeng Jinhua)

Are the ten "chicken ribs" car companies that are the most frustrated brands in 2019 cool?

When 2019 officially became history, everything has been finalized. For China’s industry, the cold wind was unusually cold this year. From the situation of several happy families in the past to the present, everyone has chosen to hold a group to keep warm in order to survive, which has turned sharply.Market situationIt makes many automobile practitioners feel anxious.

By consulting the information, the online auto market summed up the top 10 most frustrated auto brands in 2019, namely: Dongfeng Fengxing, Zotye, Alfa Romeo, DS, Baowo, Haima, Lifan, Changhe and SWM Siwei. Among them, Dongfeng Fengxing has the lowest known sales target completion rate, only achieving 50.5%.(This is the data after adjusting the sales target twice.), and the most known losses are Lifan and Zotye Automobile. The former is only inIn the first three quarters of 2019, it lost 2.633 billion yuan.! The latter is caught inCompany assets several timesBe enforced by the courtFreeze of major shareholders’ sharesThe situation.

In 2019, the top 10 most frustrated luxury cars were wildly discounted/suffered a huge loss of 2.633 billion-Figure 1

No.1 Dongfeng Fengxing adjusted its sales target twice, and the achievement rate was only half.

Reason for listing: In the second half of 2019, the sales target was reduced by nearly 40%, but it was still not reached.

In 2019, the top 10 most frustrated luxury cars were wildly discounted/suffered a huge loss of 2.633 billion-Figure 1

In order to achieve the 2019 annual sales target, Dongfeng is popular.At the end of 2018, the senior management of the company was completely "changed". The former general manager Xuan Ying, the secretary of the Committee Tan Liuming, the vice president Mo Rongbo and Mao Weiguo were all replaced. newly appointedAfter general manager Tang Jing took office,Dongfeng Fengxing set a sales target of 230,000 in early 2019, but the sharp decline in sales in the first half of the year forced it to reduce its target to 140,000 vehicles by 40% in the middle of the year. However, despite this, Dongfeng Fengxing did not meet expectations. In 2019, only 116,153 vehicles were sold, and the secondary adjustment sales target value was still not reached.

The top 10 most frustrated brands in 2019 only achieved the minimum sales target of 54.3- Figure 2

The main reason for the high-digit decline in company sales is the core products.Continued weakness of the popular T5 series.. In March 2019, Dongfeng released the extended version of T5 — — T5L, I thought this car could save the decline of T5 to a certain extent, but I didn’t expect consumers to buy it. In the second half of the same year, Dongfeng Fengxing launched the national VI version of T5/T5L, but it still had little effect.

No.2 zotye automobile Wage arrears, layoffs and company assets are enforced by the court.

Reasons for listing: indelible brand imprint — — Lack of high imitation core competitiveness

The top 10 most frustrated brands in 2019 only achieved the minimum sales target of 54.3- Figure 1

The top 10 most frustrated brands in 2019 only achieved the minimum sales target of 54.3- Figure 2

"Half angel, half devil" is an appropriate description of Zotye cars in the past. This independent brand, which once won the public’s attention by "high imitation" luxury cars, has also won the favor of many customers because of its outstanding cost performance. However, this simple and rude development model is not reliable. When other China brands start to develop independently, Zotye’s existence is very striking. In 2019, for Zotye, it is already at stake! The data shows that in the first three quarters of that year, the cumulative sales volume of Zotye Automobile was only 134,600 units, with a year-on-year plunge of 32% and a huge loss of 759 million yuan.

In addition, Zotye Auto has been mired in a series of negative storms such as unpaid wages, layoffs and default on loans. The shares of Tieniu Group, the controlling shareholder of the company, were frozen by the judiciary on November 7 of the same year due to contract disputes. In the case that the company’s cash flow is already in jeopardy, Zotye still needs to repay the loan of 615 million yuan owed to Bike Power Battery and overdue liquidated damages.

No.3 Alfa Romeo is a good car, but its brand image is disgraced.

Reasons for listing:5.8% off sale, buyGhibli sent Giulia

In 2019, the top 10 most frustrated luxury cars were wildly discounted/suffered a huge loss of 2.633 billion-Figure 1

Alfa Romeo officially entered the China market in 2017, bringing Giulia and Stelvio. Giulia is a medium-sized car, which attracted the attention of many performance car enthusiasts at the beginning of its listing. It is equipped with the same 2.9T engine as Ferrari, and the acceleration of 100 kilometers takes only 3.9 seconds. The 350 limited-edition models launched at the time of launch were robbed on the e-commerce platform.

By 2018, Alfa Romeo’s sales in China had declined. In 2019, it was getting closer and closer to the implementation of the national six emission standards. In order to digest a large amount of inventory, all localities launched a series of profit-making activities, including 6.5% off group purchase, buying Maserati Ghibli for Giulia and 5.8% off, but few people paid attention to it.

In 2019, the top 10 most frustrated luxury cars were wildly discounted/suffered a huge loss of 2.633 billion-Figure 2

Alfa Romeo, which has a big diving price, has even lower purchase threshold than the mainstream joint venture models of the same level, but its high maintenance price is a high wall in front of consumers. Previously, a Stelvio had a rear-end collision with the front car. In the case that the front face was damaged, the hood was deformed and bulged, and the damage was not particularly serious, the maintenance quotation showed that the maintenance cost was as high as 110,000 yuan.

The rapid decline of Alfa Romeo is not limited to China, and ALFA 4C officially stopped production in 2019 due to poor sales in overseas markets. In addition, the merger of FCA Group and PSA Group has also affected the future of Alfa Romeo. The number of products announced in the previous five-year plan has been reduced from 7 to 4.

No.4 Brilliance China’s annual sales volume is only over 20,000 units.

Reasons for listing: few products, slow iteration speed, and dealers quitting the network.

The top 10 most frustrated brands in 2019 only achieved the minimum sales target of 54.3- Figure 1

Compared with the heyday of the joint venture company, the voice of the independent passenger car brand Brilliance Zhonghua has been very small, which is the lowest brand in China.In 2019, China’s cumulative sales volume was only over 20,000 vehicles, down about 70% year-on-year. What makes China "frustrated" most is the medium-sized SUV— — China V7, even in the case of adding 1.8T models, has not brought it increment.

In 2019, the top 10 most frustrated luxury cars were wildly discounted/suffered a huge loss of 2.633 billion-Figure 1

In addition, Brilliance wanted to use BMW as an endorsement and spent huge sums of money to develop a modular platform — — M8X, equipped with BMW Prince series engines. However, judging from the current situation, M8X has not brought substantial benefits to China, and the first model, Zhonghua V7, based on this platform can be described as "a bad start". At the same time, I have always wanted to use the cooperation with BMW to promote the "helm" of Brilliance’s independent business sector — — Qi Yumin also stepped down in 2019, which had some influence on Chinese brands.

No.5 DS is a "luxury brand" with less sales than Ferrari sports cars.

Reasons for listing:The accumulated loss was nearly 5 billion yuan, which was abandoned by both shareholders.

DS is a luxury brand under PSA (Peugeot Citroen Group), which is produced and sold by Changan PSA, a joint venture company. At present, there are five domestic models. During 2013-2015, the performance of DS in China market was remarkable, and then it began to decline rapidly. In the past few years, the joint venture company did not give up the DS brand, and launched a brand-new product DS 7 in 2018. However, from the follow-up market feedback, this heavy model did not meet expectations at all. In 2018, the annual sales volume of DS was less than 4,000 vehicles, and only about 2,000 vehicles were sold in the first 11 months of 2019, even less than the monthly sales volume of a model of other similar enterprises.

In 2019, the top 10 most frustrated luxury cars were wildly discounted/suffered a huge loss of 2.633 billion-Figure 1

Along with the sales slump, there are huge losses and idle production capacity. According to the financial report of Changan Automobile on September 30, 2013-2019, the cumulative loss of Changan PSA’s equity income is 2.455 billion yuan. We must know that Changan Automobile only holds half of the equity of Changan PSA, which means that the accumulated loss of Changan PSA in the past six years is as high as 4.91 billion yuan! In November 2019, PSA Group announced that it planned to sell its 50% stake in Changan PSA; On the last day of 2019, Changan Automobile also announced the transfer of the remaining 50% equity of Changan PSA. Being abandoned by both shareholders at the same time, DS is really miserable!

No.6 Baowo Automobile became the "self-satisfied" brand spokesperson after being acquired by Baoneng.

Reasons for listing:Baowo, what have you been doing these two years? Maybe you don’t know yourself.

The top 10 most frustrated brands in 2019 only achieved the minimum sales target 54.3- Figure 5

Since 2015, Baowo has brought himself many hats such as "German luxury", "BBA+B" and "engineer", but the high profile set by the brand people has not improved Baowo’s business a little, and it fell to the bottom in the second year of its debut. At the same time, the huge gap between the exaggerated brand tonality and the actual product strength has also made many consumers feel that their IQ has been insulted.

The top 10 most frustrated brands in 2019 only achieved the minimum sales target of 54.3- Figure 6

Nowadays, the sales volume of Baowo continues to be sluggish and the brand is notorious. Even Lu Zhengyao, who has superb "financial skills", is powerless to change it. This capital master who wanted to rely on the Shenzhou system to empower Baowo may not have thought that a strong enough Shenzhou system would have to "rest" when it came to Baowo. Perhaps, the only thing that Baowo can remember this year is the magic advertisement in the circle of friends, which was presented by Lang Yongchun and Tiger Brother online celebrity, Tik Tok.

No.7 Haima Automobile is the main business, and building a car is just a hobby.

Reason for listing: In 2019, it sold 25,000 units and earned more than 70 million by selling houses.

In 2019, the top 10 most frustrated luxury cars were wildly discounted/suffered a huge loss of 2.633 billion-Figure 1

Haima Automobile, with a history of 31 years and 3 million users, also had a bad year in 2019. By the end of November of that year, the cumulative sales volume of Haima was only 25,610 vehicles, a year-on-year decrease of 58.95%.

In April of that year, its stock was subject to "delisting risk warning" and its name was changed from "Haima Automobile" to "*ST Haima". Based on this, Haima had to "sell the house to protect the shell". On November 23, 2019, ST Haima announced that 318 of the 401 properties (Shanghai and Haikou) previously put up by the company had been successfully sold, and the accumulated funds received exceeded 120 million yuan, which affected the net profit by 73.64 million yuan. Although this move has alleviated the current financial pressure of Haima Automobile to some extent, it is not a long-term solution after all. Adjusting its own strategy and introducing external investment may be the best solution.

No.8 Yin Mingshan’s dream of building a car was broken

Reason for listing: sell! Production qualification, sell! Football team, what else to sell?

In 2019, the top 10 most frustrated luxury cars were wildly discounted/suffered a huge loss of 2.633 billion-Figure 3

In 2019, the top 10 most frustrated luxury cars were wildly discounted/suffered a huge loss of 2.633 billion-Figure 4

Lifan is undoubtedly the most dangerous among the top 10 automobile brands: data show that in the first three quarters of 2019, some bank loans of Lifan reached 12.782 billion yuan, and loans from non-bank financial institutions reached 10.486 billion yuan. Lifan has tried a series of ways to save himself from selling teams, factories and qualifications, but these can only be regarded as a drop in the bucket. In order to avoid the break of Lifan’s capital chain, the Chongqing Municipal Government specially set up a creditor’s bank committee for Lifan.

Lifan used to be an important member of private car companies in China, and the situation that it has fallen to now has a lot to do with the deviation of its own strategy. It is reported that if Lifan can get out of the "ghost gate" in the future, it will return to its main motorcycle business.

No.9 the model of "infighting" of Changhe automobile enterprises

Reason for listing: Changhe is a "good boy" that no one dares to touch and manage in BAIC.

In 2019, the top 10 most frustrated luxury cars were wildly discounted/suffered a huge loss of 2.633 billion-Figure 5

Since the completion of "Dachanghe" business restructuring and upgrading to a secondary company under BAIC Group, Changhe Automobile seems to have slowed down all of a sudden. In fact, the successive leaders of BAIC in turn have been consumed by "infighting". Some employees in Changhe issued a document sighing that "infighting is fierce, management is chaotic, wages are low, and there is no benefit and no prospect."

In terms of products, at present, Changhe Automobile has a total of seven models on sale, including SUV, A-class sedan, MPV and new energy series, including three new energy vehicles that are not very popular. Although Changhe has not announced the actual sales figures in 2019, we can boldly predict that it is almost impossible to complete the annual sales target of 250,000-300,000 vehicles previously proposed.

No.10 SWM The moon abroad is not round.

Reason for ranking: "Italian descent" failed to save Sway.

In 2019, the top 10 most frustrated luxury cars were wildly discounted/suffered a huge loss of 2.633 billion-Figure 1

Chongqing’s automobile manufacturing industry has suffered a great impact in the past two years, and SWM Siwei is also on the list with Lifan this time. Compared with the above brands, this self-proclaimed car company with "Italian ancestry" actually made a lot of noise in 2019, and it successively launched three new SUVs, namely G01 F (sports version), G01National Sixth Edition and G05. In order to improve sales, SWM Sway also launched a 20% discount car purchase activity for the 2019 Sway X7, and several other products also have different discounts.

However, after all, building a car is not achieved overnight. Without mature technology accumulation and economies of scale, SWM Siwei will not be able to compete with mainstream independent brands. As a late-start enterprise, it is still unknown whether SWM Siwei can be as lucky as Lifan, and the local government will take the lead in improving the operation of the enterprise.

Rear-drive/long-life all-wheel drive is interest-free for 5 years, starting from 231,900 yuan: the car purchase policy of Tesla Model 3/Y model was announced in July.

On July 1 ST, Tesla announced today the car purchase rights of its Model 3/Y model in July.rear-guardStandard endurance/long endurance four-wheel drive models can enjoy a limited-time five-year zero-interest installment car purchase plan if they place orders before July 31.As a comparison, last month’s car purchase rights were Model 3/Y standard battery life version, and you can enjoy the 5-year 0-interest installment car purchase plan.

As of the press release of IT House,Tesla did not adjust the price of the Model 3/Y model.With reference to official website, the prices of two models are as follows.

▲ Model 3 high-performance version (high-performance all-wheel drive version)

Tesla started the delivery of Model 3 high-performance version (high-performance all-wheel drive version) on June 18th. The front face of the car is provided with air vents and a uniquely designed rectifying front lip, and the rear end is equipped with a carbon fiber spoiler and diffuser, as well as an exclusive racing badge, equipped with new 19-inch warp wheels and exclusive red high-performance calipers.

In terms of handling, the car provides three acceleration modes: comfort, standard and madness, as well as a number of custom track modes, and at the same time improves the brake feel, using aluminum alloy sports pedals.

In addition, the car adopts a new generation of high-performance powertrain, which is equipped with Tesla’s new generation of high-performance motors for the first time. Under the condition that the volume and weight are almost unchanged, the power of a single motor has increased by more than 20%.The maximum power is 460 HP, the peak torque reaches 678N?m, the acceleration time is 3.1s, and the CLTC cruising range is 623 km..

After the discount, 230,000 yuan will land. Why do you prefer middle and low distribution? Tank 300 car purchase introduction

Original shopping guide of "Hao Car Attacks":As we all know, the Great Wall tank series not only created a milestone for domestic hard-core SUVs, but also put pressure on mainstream hard-core SUVs such as Toyota and Jeep at a more grounded price. The most important thing is that the tank series also boldly tried to skillfully combine off-road and luxury, which greatly improved the passability while taking into account the comfort. Today, influenced by the tank series, major domestic car companies have successively launched more hard-core SUV models, such as SAIC Chase and BAIC’s re-engraving, etc., but neither sales nor word of mouth can be compared with the tank series. Today, our protagonist is an entry-level player under the tank, so what is the current market price of the new car? Which configuration is the most cost-effective?

Since the independence of the tank brand, all new cars have basically maintained the original price sales and even increased the price. Even under the double pressure of endless new energy and large discounts of traditional car companies, the price is still very firm. Recently, according to Hao Ge’s unannounced visit to a tank 4S shop in Beijing, the new car finally got a discount. Take Tank 300 as an example. At present, there are four models on sale in 2024 Tank 300, and the price range is 199,800 ~ 330,000 yuan. At the same time, there is a new energy version just listed (plug-in hybrid)-Tank 300 Hi4-T, which costs 269,800 yuan, perhaps to improve the fuel version.

Then, according to the configuration analysis and combined with the preferential situation, Hao Ge recommends that you choose the medium-low 2.0T Conqueror first, because compared with the beggar version of 2.0T, although the budget has increased by 17,000 yuan, you can get more comfortable configurations, including steering wheel heating, 220V power supply, leather seats with ventilation function, 64-color ambient lights and Yanfei Lishi brand audio, and most of them are quite high. In other words, the new car is completely new. In addition, the conqueror is also equipped with a front axle differential lock (with a low optional cost of 6,000 yuan), and combined with the preferential strength of 8,000 yuan, Hao Ge feels quite suitable.

Then a little higher is the 2.0T Crosser, and the budget needs to be increased by 10,000 yuan on the basis of the conqueror. The increased configuration mainly focuses on three aspects. The first is the active safety configuration, including active braking, front collision warning, parallel assistance, automatic parking, remote parking and tracking reversing, etc. If you are a novice or a female friend, you can consider it. Secondly, the power is improved. Although both of them are equipped with 2.0T engines, they are high-power versions, so the parameters are improved. However, Hao Ge feels that there is actually little difference in driving. In addition, a 48V light mixing system is added, but the impact on fuel economy is almost negligible when placed on the tank 300.

Surprisingly, the Crossover also changed the conqueror’s part-time 4wd into a timely four-wheel drive, and canceled the differential lock of the front and rear axles, which increased the economic and sports driving mode. All kinds of indications show that the Crossover prefers the urban SUV compared with the Conqueror. Hao Ge thinks that since he chose the Tank 300, he valued its hard-core ability and paid more attention to home use, so it is better to directly choose other brands. Finally, several dispensable configurations such as Bluetooth key, electric pedal and air purifier have been added, so on the whole, Hao Ge still thinks the conqueror is more suitable. As for the top 330 3.0T V6, there is definitely no power advantage, but the bare car price of more than 300,000 can obviously only become a plaything for the minority people, and it is basically cost-effective.

Now that the car model has been selected, Brother Hao will calculate the landing price for you. It is recommended that the official guide price of 2024 2.0T Conqueror is 216,800 yuan. After the discount of 8,000 yuan, the bare car price is 208,800 yuan, the purchase tax is 18,478 yuan, and the insurance is about 6,000 yuan. In addition, there is a car inspection fee of 1000 yuan. If you are replacing, you can also enjoy the benefits of the same brand replacement subsidy of 7,000 yuan and the non-brand replacement subsidy of 4,000 yuan. If the most common non-brand replacement subsidy is taken as an example, the final landing price is expected to be 230,300 yuan.

If you want to buy a car by stages, Hao Ge recommends a five-year loan package. The down payment for naked cars is 41,760 yuan, and the down payment for landing is estimated to be 63,238 yuan. It is worth mentioning that there is no installment fee, but there is interest. The loan is 167,040 yuan, which is repaid in 60 installments in five years. The monthly payment with interest is about 3,480 yuan, and the first two years are interest-free.

I believe many friends are still very concerned about the cost of car maintenance for tank 300. First of all, let’s look at the maintenance. The new car is now offering a five-year or 10-time basic maintenance free policy. After rough estimation by Hao Ge, it is equivalent to saving you at least thousands of dollars in maintenance costs, including replacing the oil filter 48 yuan, the air filter 48 yuan and the spark plug 72 yuan, etc. From the unit price point of view, it is quite close to the people. Unfortunately, although the maintenance cost is great, the fuel consumption is a little expensive. Hao Ge also takes the recommended configuration as an example. The comprehensive fuel consumption of the Ministry of Industry and Information Technology of the new car shows 9.9 liters/100 kilometers. In order to be closer to reality, Hao Ge calculates by adding two more oils, that is, 11.9 liters. At present, the oil price of No.92 gasoline in Beijing is 8 yuan/liter. If you drive 20,000 kilometers every year, your annual fuel cost is estimated to be 19,040 yuan.

Summary of "Hao Car Attacks":I believe that through Hao Ge’s introduction, you have a deeper understanding of the 2024 Tank 300. All the above data are rough estimates by Hao Ge, which are only for your budget reference when buying a car. Of course, if you want to know which tank 4S shop in Beijing is unannounced by Hao Ge, I will tell you secretly. Oh, thank you for your attention to "Hao Che Attacks", so let’s see you next time.

Chery Fengyun T9: A New Choice for Luxury Travel

Chexun. com reported】 On May 28th, Chery Automobile held the T9 National Media Test Drive Meeting of "New Luxury" in Yanqi Lake, Beijing. Fengyun T9 is positioned as a "new luxury medium and large electric hybrid SUV" with a price of 129,900-169,900 yuan. The new car strives to achieve "luxury equality" in space, power, safety, quality and intelligence.

Chery Fengyun T9: A New Choice for Luxury Travel

  In terms of appearance, Fengyun T9 absorbs the artistic conception and aesthetic feeling of oriental aesthetics, and the front face adopts the rhythmic grille of "listening to the wind" and the unique headlight combination, which forms a strong visual impact. The body lines are smooth and powerful, showing the unique dynamics and stability of SUV models. The waistline on the side of the car body gradually rises from front to back, creating a posture of sprinting forward. Fengyun T9 is equipped with a 20-inch nebula hub, which not only enhances the stability and driving performance of the vehicle, but also adds luxury and dynamism to the vehicle.

Chery Fengyun T9: A New Choice for Luxury Travel

  Based on the car colors of "floating white, still shadow gray, smoky green, sunset blue and starry night black", the new car also adds the exclusive color matching of "Moyan gray", which not only endows it with a charming ink texture with eight major paint techniques, but also realizes the luxurious qualities of scratch resistance and corrosion resistance of the paint surface.

Chery Fengyun T9: A New Choice for Luxury Travel

  In terms of space, the length, width and height of Fengyun T9 body are 4795mm, 1930mm and 1738mm respectively. SPA-class seats in the car allow every passenger to enjoy the luxury treatment of position C. It is worth mentioning that the only one-button EZ Entry function in the second row at the same level makes it easy to get in and out of the third row. The second and third rows of backrest can be put down with one button, and the maximum luggage compartment space can reach 2065L L.

  In terms of power, Fengyun T9 is equipped with Kunpeng super hybrid C-DM system, a combination of 1.5T hybrid special engine and super electric hybrid DHT, with the highest thermal efficiency of 44.5%, the maximum power of 115kW and the maximum torque of 220N·m;; The highest efficiency of stepless electric hybrid DHT EV is as high as 98.5%, the motor power is 150kW, and 0-100km/h enters the 7-second club, which has an excellent performance in energy saving. WLTC has a power loss and fuel consumption of 5.2L per 100 km.

  Safety is an indispensable part of luxury experience. Fengyun T9 adopts the global five-star safety standard, 85% high-strength steel and 21% thermoformed steel, and has a double aluminum alloy front crash beam with a lateral coverage rate of 85%. It is equipped with six energy-absorbing boxes, which provides rock-solid safety guarantee for drivers and passengers. At the same time, the vehicle is also equipped with a full-effect battery safety system to ensure battery safety.

  In terms of quality, Fengyun T9 is equipped with a C-PURE static cube health cockpit with active AQS, cockpit self-cleaning and PM0.3 air filter. Sony Hall-class 14-speaker surround sound and private headrest sound create a high-level listening sense in the car. In terms of driving quality, the new car is also equipped with CDC "magnetic suspension" suspension and vehicle chassis adjustment.

Chery Fengyun T9: A New Choice for Luxury Travel

  In terms of intelligence, Fengyun T9 is equipped with 8155 high computing power chip and 15.6-inch 2.5K HD large screen, with quick interface response and smooth operation. In addition, the AI intelligent interactive system has face recognition and full-time wakeup-free function, and the vehicle provides 10 scene modes, including constant temperature, cinema, nap, welcoming guests, waking up and so on.

  From spacious space to advanced hybrid technology, from comprehensive security to exquisite luxury quality, to cutting-edge intelligent technology, Fengyun T9 undoubtedly redefines the luxury standard of medium and large electric hybrid SUV.

  It is understood that the Chery Fengyun sequence will achieve full coverage of hybrid, extended range and pure electricity, and a three-step plan has been formulated. Among them, Kunpeng super hybrid products were launched in the first stage, super extended range products were launched in the second stage, and pure electric platform products were launched in the third stage. Next year, Fengyun Series will also launch new models such as Fengyun A9 and Fengyun T11, and 11 new models will be launched in the next two years. Chery Fengyun is rapidly launching serial products, but at the same time, it is also strengthening the construction of channels in order to reach more users. In the first four months of this year, the terminal sales stores of Chery Fengyun Series have grown from 100 to nearly 400, covering 233 cities.

  According to the sales report issued by Chery Holding Group, in May, the Group sold a total of 188,556 vehicles, up 35.5% year-on-year. Among them, 92,481 vehicles were exported, a year-on-year increase of 20.4%; The sales volume of new energy was 42,733 vehicles, a year-on-year increase of 279.3%. From January to May, a total of 900,209 vehicles were sold, a year-on-year increase of 51%. The addition of Fengyun T9 will help Chery achieve good results in the luxury new energy vehicle market.

Before Rene Liu became famous, his prominent family was exposed and he longed for ordinary family and marriage life.

  


  According to Chengdu Daily, on April 12th, the long-awaited Rene Liu Sleepwalking Concert in Chengdu will be sung in the warm spring. Many people know that Rene Liu was discovered by Bobby Chen, a Bole, when he was working as an assistant to Bobby Chen, but few people know that this artist, who is famous for his intellectuality and peace in the entertainment industry, has a prominent life experience.


  After Rene Liu became famous, her life story was inevitably dug up by the media. However, the prominent life story is a topic that she has been deliberately avoiding, but it is a hard assistant life, which she often mentions. She said that the years when she worked as an assistant for Bobby Chen were her happiest days. Rene Liu, a native of Hunan, was born in Taipei in June 1970. Although Rene Liu complained more than once that the media exposed her age, and she was very reluctant to talk about her family background, because she believed that her outstanding family background and her parents’ achievements had nothing to do with her acting career. Regarding the life of a young rich girl, Rene Liu said calmly: "Like all ordinary children, I have the care of my family and grow up in happiness and sweetness."


  It is understood that Rene Liu’s grandfather graduated from Whampoa Military Academy, his grandmother was a well-known lady, his father was an ocean-going captain, and after retiring, he founded a film and television company with his friends, and his mother was an overseas Chinese in Korea. Rene Liu’s family also has a sister, and the sisters have a harmonious relationship. When Rene Liu was two years old, her parents separated because of personality differences. At the age of three, Rene Liu had to live with her grandparents. Rene Liu said, "When I was a child, my grandparents could give me more than my parents did. Men like my grandfather have always been all my fantasies about men. " Rene Liu recalled, "At that time, there was an old adjutant in Grandpa’s family, who was subordinate to Grandpa’s father. The old adjutant took care of the Liu family for four generations without any regrets, and he had many excellent qualities, which still affected my growth." Rene Liu began to learn piano when he was 9 years old, so grandma spent almost most of her savings. Rene Liu’s future marriage life is to tutor children to play the piano while taking care of their own children! (Chen Huiru)


  

Editor: Li Dan

April 12 soybean oil, palm oil and vegetable oil futures daily

Dalian soybean oil futures closed slightly higher and the external market rose to provide support.

  On April 12, Dalian soybean oil futures opened higher, then fell back and closed slightly higher at the end. The main contract shrinks, reduces positions and closes the negative line.

  On Monday, April 12th, the main soybean oil futures contract Y1009 of Dalian Commodity Exchange (DCE) opened at an opening price of 7,788 yuan/ton and closed at 7,752 yuan/ton, rising by 14 yuan, with the highest price of 7,794 yuan/ton and the lowest price of 7,732 yuan/ton, with a turnover of 383,382 lots and a position of 484,000.

  CBOT soybean oil futures market closed higher on the 9th, and continued to rebound from the previous lows, driven by technical buying and soybean meal/soybean oil spread trading. Traders said that the soybean contract has held firm in recent months, providing support for soybean oil futures and helping them get rid of the impact of the decline in crude oil futures prices. May soybean oil futures contract closed up 0.12 cents or 0.30% to 40.04 cents/pound. It is estimated that speculative funds will buy 2,000 lots of soybean oil futures contracts.

  According to the preliminary import data released by the General Administration of Customs of China in March, 560,000 tons of edible vegetable oil were imported in March, and 370,000 tons of edible vegetable oil were imported in February, an increase of 51.4% from the previous month. From January to March, 1.47 million tons of edible vegetable oil was imported, an increase of 1.1% compared with 1.46 million tons in the same period of 2009. In March, 4.01 million tons of soybeans were imported, while in February, 2.95 million tons of soybeans were imported, an increase of 35.9% from the previous month. From January to March, 11.04 million tons of soybeans were imported, an increase of 8.7% compared with 10.15 million tons in the same period of 2009. People familiar with the matter said that the Argentine government and the China government have been communicating, and the trade war between the two sides will not last long. The news of negotiations between China and Arab countries is a great negative for domestic soybean enterprises.

  According to the April supply and demand report released by the US Department of Agriculture, the US soybean inventory at the end of 2009/10 was estimated to be 190 million bushels, and it was estimated to be 190 million bushels in March. The year-end inventory of soybeans in 2008/09 is estimated to be 138 million bushels, and the actual year-end inventory in 2007/08 is 205 million bushels. According to the USDA report, the end-of-year inventory of soybeans in the United States in 2009/10 was estimated at 190 million bushels, and it was estimated at 190 million bushels in March, compared with the market expectation of 209 million bushels. Galaxy futures analysts believe that the report is expected to benefit the soybean market.

  Analysts pointed out that the USDA soybean inventory report was lower than market expectations, which brought favorable support to the CBOT bean market. From a technical point of view, the upward trend of domestic soybean oil market remains good at present, so soybean oil will continue to rebound.

  Another analyst pointed out that the import of soybean and edible oil increased sharply in March, and the current domestic demand for oil is average. Therefore, soybean oil futures will face pressure.

  Dalian palm oil futures closed higher and the external market was mixed.

  On April 12, Dalian palm oil futures opened higher, and then oscillated to retreat some of the gains. At the end of the session, the main contract lightened the position and closed at the cross.

  On Monday, April 12th, the main contract 1009 of palm oil futures of Dalian Commodity Exchange (DCE) opened at 7,030 yuan/ton, with the highest at 7,056 yuan/ton and the lowest at 7,000 yuan/ton, and closed at 7,024 yuan/ton, up by 30 yuan/ton, with a turnover of 214,918 lots and a position of 227,528.

  On April 12, Malaysia’s BMD crude palm oil futures market opened higher at noon and closed mixed. The benchmark June crude palm oil contract fell by RM 48 to RM 2,546/ton. Traders in Kuala Lumpur said that the rally at the end of last Friday was caused by speculators, and now the fundamentals are not so much, so the market has been revised.

  According to data released by ITS, a Malaysian shipping survey agency, it is estimated that the country’s palm oil export volume will be 291,033 tons from April 1 to 10, down 37% from the previous month. SGS said that the country’s palm oil export volume is expected to be 303,423 tons from April 1 to 10, a decrease of 30% from the previous month.

  According to data from Malaysian Palm Oil Bureau (MPOB), the country’s palm oil production in March was 1.387 million tons, its export volume was 1.394 million tons, and its inventory at the end of March was 1.655 million tons. Abdullah, an MPOB official, said that Malaysia is expected to produce 17.8 million tons of palm oil in 10 years, export 16.02 million tons and price 26-3,000 US dollars/ton.

  According to the preliminary import data released by the General Administration of Customs of China in March, 370,000 tons of edible vegetable oil were imported in March, up 51.4% from the previous month. The weekly report of the international prices of major agricultural products in the 14th week of 2010 by the Ministry of Agriculture showed that the international soybean prices were basically the same, while the prices of soybean oil and palm oil declined slightly. Deng Ruihong, general manager of COFCO Oil Department, said that China’s demand for palm oil may decrease slightly in 2010, but Indian palm oil imports will increase.

  On April 9, NYMEX crude oil futures closed lower for the third consecutive trading day, because the market was increasingly worried that crude oil inventories would rise faster than demand. New york Mercantile Exchange may light sweet crude oil futures contract settlement price fell 47 cents to $84.92 a barrel. In the past three trading days, the price of crude oil futures has fallen by nearly $2 from a 17-month high near $87 per barrel, as the Zhou Du data released by the United States has raised concerns about rising inventories. The settlement price of Brent crude oil futures contract in May on the ICE Futures Exchange rose 2 cents to $84.83 a barrel. Brad Samples, an analyst at Summit Energy Services in Lexington, Kentucky, pointed out that the weak performance of oil prices on the 9 th in the case of rising stock prices means that investors are increasingly worried about the imbalance between supply and demand of crude oil. In recent days, boosted by signs of economic recovery, crude oil and stocks have been rising simultaneously. The trend of economic growth should push the stock market and crude oil higher together. He said that the decline in oil prices in the context of economic recovery was slightly surprising, which reflected the specific factor of the crude oil market, namely the risk of rising inventories.

  NYMEX crude oil futures fluctuated and closed down on the 9th, BMD crude palm oil futures rose strongly at the end of the session, and the US dollar index fell sharply. Domestic oil futures prices opened higher and fluctuated on the 12th, and even palm oil showed a strong trend. Analysts pointed out that the surge in the external market boosted the domestic market trend, and ITS export valuation was in line with market expectations. Strong earthquakes in Indonesia’s main palm oil producing areas have limited impact on palm oil export, shipment and price. It is expected that the further rebound of palm oil still needs to be matched.

  Another analyst said that the decline in international crude oil futures is not conducive to the rebound of BMD, and the Malaysian export market has declined. Cheap South American soybeans may bring new pressure to the domestic oil market. Under the background that the market is worried that the central bank will raise interest rates to control inflation, it is expected that the upward trend of palm oil will be under pressure.

  Zhengzhou rapeseed oil futures high callback spot rose steadily.

  On April 12, Zhengzhou rapeseed oil futures opened higher and went lower, and the surrounding markets bottomed out. At the end of the session, the main contract positions increased and closed at a small yinxian.

  On Monday, April 12th, Zhengzhou Commodity Exchange (CZCE) opened the rapeseed oil futures contract 1009 with an opening price of 8,288 yuan/ton and a closing price of 8,254 yuan/ton, up by 12 yuan/ton, with a maximum of 8,244 yuan/ton and a minimum of 8,244 yuan/ton, with a turnover of 48,742 lots and a position of 95,242.

  ICE rapeseed futures closed slightly higher on April 9, driven by the rise of US soybean futures. Among them, the May contract closed up by 1 Canadian dollar to 381.10 Canadian dollars/ton. According to industry insiders, affected by the weakening of the US dollar, crushers bought rapeseed futures.

  According to the preliminary import data released by the General Administration of Customs of China in March, 370,000 tons of edible vegetable oil were imported in March, up 51.4% from the previous month.

  The relevant person in charge of the Ministry of Agriculture said that snowfall hinders spring sowing in Northeast China, and rainfall is not conducive to flowering and pollination of rape and rice seedling raising in the south. It is urgent for relevant departments to implement scientific defense measures in time.

  On April 9, NYMEX crude oil futures closed lower for the third consecutive trading day, because the market was increasingly worried that crude oil inventories would rise faster than demand. New york Mercantile Exchange may light sweet crude oil futures contract settlement price fell 47 cents to $84.92 a barrel. In the past three trading days, the price of crude oil futures has fallen by nearly $2 from a 17-month high near $87 per barrel, as the Zhou Du data released by the United States has raised concerns about rising inventories. The settlement price of Brent crude oil futures contract in May on the ICE Futures Exchange rose 2 cents to $84.83 a barrel. Brad Samples, an analyst at Summit Energy Services in Lexington, Kentucky, pointed out that the weak performance of oil prices on the 9 th in the case of rising stock prices means that investors are increasingly worried about the imbalance between supply and demand of crude oil. In recent days, boosted by signs of economic recovery, crude oil and stocks have been rising simultaneously. The trend of economic growth should push the stock market and crude oil higher together. He said that the decline in oil prices in the context of economic recovery was slightly surprising, which reflected the specific factor of the crude oil market, namely the risk of rising inventories.

  NYMEX crude oil futures closed down on the 9th, ICE rapeseed futures closed slightly higher, and the US dollar index fell sharply. Domestic oil futures prices opened higher and fluctuated on the 12th, and even palm oil showed a strong trend. Domestic oil stocks are abundant, and cheap South American soybeans may continue to hit the domestic oil market. The market is worried that the panic of the central bank raising interest rates to control inflation has not dissipated. It is expected that Zheng Cai oil will mainly fluctuate in the near future.

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