[Efficacy of Brewed Egg]_Brewed Egg_Benefit_Set

銆愰厭閰胯泲鐨勫姛鏁堛€慱閰掗吙铔媉濂藉_鐩婂
閰掗吙铔嬪叾瀹炴槸鐢ㄧ背閰掓潵鐓嵎鍖呰泲鐨勫悆娉曘€傜背閰掗噷鍚湁涓板瘜鐨勮惀鍏荤墿璐紝鏄コ鎬ц皟鐞嗘皵琛€锛岀編瀹瑰吇棰滅殑浣冲搧锛岄浮铔嬪惈鏈変赴瀵岀殑铔嬬櫧璐ㄥ拰閾佸厓绱狅紝姘戦棿甯稿父The chains are tired, and the blocks are floating. The backs are up and down, and the backs are up and down. You can go to any place in the world. You can walk around in the city. You ca n’t walk around. You ca n’t go around.姛鏁堝拰浣滅敤鏈変互涓嬪嚑绉嶃€?閰掗吙铔嬪彲缇庤兏涓拌兏 閰掗吙铔嬭兘涓拌兏鏄厭閰胯泲鍙楀箍澶уコ鎬ц拷鎹х殑鏈€涓昏鍘熷洜銆傚洜涓洪厭閰夸腑鍚湁涓€绉嶉啠鍖栭叺绱狅紝杩欐槸涓€绉嶅ぉ鐒惰嵎灏旇挋锛屽叿鏈変赴鑳告晥鏋滐紝鍚屾椂楦¤泲鏄竴绉嶅叏钀ュ吇鐨勯鐗╋紝鍜岄厭閰夸竴璧烽鐢ㄨ兘涓烘満浣撴彁渚涜兘閲忥紝淇冧娇閰掗吙鍙婇鐗╀腑鐨勫叾浠栧浣欒兘閲忚浆鍖栦负鑴傝偑鍦ㄨ兏閮ㄥ爢绉€?鍩琛ュ庞钀ュ吇绫抽厌钖湁鍗佸绉嶆皑鍩洪吀锛屽叾涓湁8绉嶆槸浜轰綋涓嶈兘钖堟垚钥屽张蹇呴渶鐨勩€傛瘡鍗囩背閰掍腑璧栨皑閰哥殑鍚噺姣旇憽钀勯厭鍜屽暏閰掕楂樺嚭鏁板€嶏紝涓轰笘鐣屼笂鍏跺畠钀ュ吇閰掔被涓墍缃曡鐨勶紝浜轰滑绉板叾涓衡€滄恫浣撹泲绯曗€濄€傝€岄浮铔嬫洿鏄惀鍏讳赴瀵岋紝浜轰綋鍒╃敤鐜囬珮锛屽惈浜虹被鏈轰綋鍐呴儴鍚勪釜鍣ㄥ畼缁勭粐鎵€闇€姹傜殑鍚勭钀ュ吇绱狅紝杩欎袱绉嶄竴璧烽鐢ㄦ晥鏋滄洿濂姐€?閰掗吙铔嬪彲娲昏寰″瘨 閰掗吙涓€鐩存槸鎴戝浗濂虫€т骇鍚庣殑蹇呴』椋熺敤鍝侊紝杩欎富瑕佹槸鐢变簬閰掗吙鍏锋湁鐩婃皵鐢熸触銆佹椿琛€姝㈢棝鐨勫姛鏁堬紝鍏跺疄閰掗吙涔熼€傚悎鑰佸勾浜哄拰鍦ㄥ啲澶╅鐢紝鑳芥殩鑳冨疁蹇冭銆佷績杩涜娑插惊鐜紝鐏垫椿鑲綋鍏宠妭锛屽府鍔╂姷寰″瘨鍐枫€傞€傚悎锛氳娑插惊鐜笉鑹€佹墜瓒宠偄绔啺鍐枫€佽儍瀵掓槗鐥涜€呫€傞厭閰胯泲鍙編瀹瑰吇棰?閰掗吙鍏锋湁缇庣櫧浣滅敤锛屽緢澶氫汉鎷块厭閰垮幓鍋氶潰鑶滐紝鏉ヨ揪鍒扮編瀹瑰吇棰滅殑鏁堟灉銆傝€岄浮铔嬭惀鍏绘垚鍒嗗拰浜轰綋鍐呴儴鐨勬垚鍒嗘瘮渚嬪崄鍒嗘帴杩戯紝涔熼€傚悎浜轰綋琛ュ厖锛屼竴璧烽鐢ㄨ兘杈惧埌缇庡鍏婚鐨勬晥鏋溿€傞厭閰胯泲鍙敼鍠勮偁閬?You are the only one who has a lot of troubles, and you have a lot to say about it. You ca n’t help you.You can’t do it, you can’t do it, you can’t do it, you can’t do it, you can’t do it, you can’t do it, you can’t do it, you can’t do it, you can’t do it, you can’t do it, you can’t do it.寲鍔熻兘銆備綋璐ㄨ櫄寮辩殑濂冲瓙锛屾垨鏉ョ粡鏃堕娆查檷浣庤€咃紝閮藉彲浠ラ厭閰夸綔涓烘枡鐞嗙殑鍩烘湰鏉愭枡鎴栬€呯洿鎺ュ悆浜涢厭閰胯泲缂撹В銆?

[Can the tail of the conch be eaten]_Taboo_Notes

銆 愭 飭 铻 Cooking boil ㄨ 兘 钖 冨 悧 銆 慱 绂 乸 繉 _ 娉 ㄦ 剰 浜 嬮 」
娴疯灪鏄捣椴滅殑涓€绉嶏紝鍚湁涓板瘜鐨勮惀鍏伙紝鍚冭捣鏉ラ潪甯哥殑缇庡懗銆傛捣铻哄熬閮ㄨ緝纭紝鏈夌殑浜哄悆娴疯灪鐨勬椂鍊欙紝鎶婃捣铻虹殑灏鹃儴涔熶竴鍚屽悆鎺夛紝浠栦滑璇存捣铻虹殑灏鹃儴灏辨槸娴疯灪鐨勮剼锛屾槸鐢ㄦ潵琛岃蛋鐨勶紝鍙互鍚冦€備絾涔熸湁浜鸿涓嶈兘鍚冿紝鍚冩捣铻虹殑灏鹃儴瀵逛汉浣撴銆傞偅涔堬纴寰宇浜智浜娴灪镄勭粨鏋勪笉鏄緢浜傛捣铻哄熬宸撮偅閲屼笉鏄倝锛岃€屾槸鍐呰祪銆傞噷闈㈡湁娌欏湡锛岃偁瀛愩€傚湪娴疯竟鍩庡競涓嶅皯浜轰閮ㄦ槸绘捣铻虹殑灏鹃儴锛屽叾瀹炴捣铻捣閮ㄦ槸熟疯灪镄勬帓娉勯儴浣嶏纴嶏纴岄破碎浼杠惈链夋潅璐纴钥屼笖鑳嗗浐閱囦篃鐩稿楂樹竴浜涖€傝€屾捣铻洪《閮ㄥ亸涓嬬殑鐧借壊閮ㄤ綅锛屼篃灏辨槸娴疯灪鑴戯紝浼氬垎娉岄夯鐥规€х殑璐濈被姣掔礌锛岃繖绉嶆瘨绱犺€愮儹銆佽€愰吀锛屼笉鏄撶牬鍧忋€傛墍浠ュ悆娴疯灪锛屾渶濂戒袱閮ㄤ綅閮藉幓銆備篃鏈夌殑浜哄悆浜嗭紝閭e彨鈥滈粍鈥濓紝姣忔鎴戦兘鍚冧簡锛屾病鏈変笉鑹弽搴斻€備技涔庡埆浜轰篃鏄兘鍚冪殑锛屼篃娌″惉鑰佷汉璇磋捣杩囨湁浠€涔堥棶棰橈紝涔熸病瑙佽繃璇翠笉鑳藉悆鐨勬姤閬撱€傞偅鏄渶濂藉悆鐨勯儴鍒嗐€傚ぇ娴疯灪浼氭湁鑻﹁儐锛屾妸缁胯壊鐨勫湴鏂规憳鎺夊啀鍚冦€傛捣铻轰竴鑸氨鑴戦涓嶈兘鍚冿紝鍚冨浜嗘嬁鑴戦锛岄鍏堟妸灏鹃儴鎽樹笅娴疯灪鑳屼笂缁跨嚎鍛ㄥ洿閮戒笉瑕?鈒 跺 揗 鏄  倝 詽 婚 剰 剰 剰 勰 勭 勭 ‖ 鐗 ╂Search for the Honghe, the Chinese, the Chinese, the, the, the, the, the, the, the, the, the, the, the, the, the, the, the villageThe chain of disease identification is simple and straightforward, and the simple and straightforward method is very simple. The wind and the spinning chain are sparse (1 甝?灏忔椂)锛岀棁鐘朵负鎭跺績銆佸憰鍚愩€佸ご鏅曪紝鎵€浠ュ湪鐑瑰埗杩囩▼涓鎶婃捣铻虹殑澶撮儴鍘绘帀Reaching out the chains and sorrows in the sky, the sorrows are inevitable. The results are as follows: ammonia, water, water, water, water, air, water, water, water, water, water, water, air篃鏃犵泭銆傞渶瑕佹敞鎰忕殑鏄紝鑴夌孩铻哄拰娴疯灪閮芥槸椋熻倝鎬ц礉绫伙紝鎵€浠ラ鐢ㄧ殑鏃跺€欙紝What’s wrong? It’s a cross-border stubble, and it’s not a good idea. It’s a good idea. It’s a good idea.綅閮芥槸姣掔礌鑱氶泦鐨勯儴浣嶏紝濡傛灉椋熺敤鏃朵笉鍘婚櫎涓婅堪閮ㄤ綅锛屽鏄撳紩璧峰ご鏅曠瓑涓嶉€傜棁鐘躲€傛捣铻虹殑鍐呰剰鍜屾€ц吅閮戒笉鑳藉悆锛屽鏋滃悆澶氫簡锛屼細璁╀汉鎰熻杩风硦銆傛捣铻恒€佽毈瀛愩€佽毝瀛愮瓑璐濈被鐨勫唴鑴忓湪鍛抽亾涓婂苟娌℃湁鐗瑰埆鐨勫懗閬撱€傚父瑙佺殑娴烽矞璐濈被铏界劧鍛崇編锛屼絾瀹冧滑鐨勫唴鑴忓浜庢湁瀹崇墿璐ㄧ殑闄嶈В鑳藉姏寰堜綆銆傚師鍒欎笂锛岃礉绫荤殑鍐呰剰涓嶉€傚悎椋熺敤銆?

[Can American ginseng soak in water overnight]_Recommended diet

銆愯タ娲嬪弬娉℃按闅斿鑳藉枬鍚椼€慱鎺ㄨ崘楗
The backpacks are in the middle of the field, and there are many places for you to stay in, and you will be able to see if you are going to walk through the chains, or if you can’t do it, or if you can’t do it, or if you can’t do it.The shoulders are very effective. The emerging details are as follows: 嫠 哠 揠 ラ 擧 滶 撆 尉 嫔 哉 唔 唓 甓 纓 現 為 織 為 織 織 甔 醲 凷 雲 熂 熔 醲界殑璋冨吇韬綋鐨勫姛鏁堬紝鏄潪甯稿叿鏈夋粙琛ユ€х殑涓嵂鏉愶紝褰撶劧瑗挎磱鍙傝櫧鐒跺緢濂斤紝鎴戜滑搴旇浜嗚В瑗挎磱鍙傜殑绂佸繉闂銆傝タ娲嬪弬娉℃按鍠濆苟涓嶉€傚悎鎵€鏈夌殑浜猴紝濡傛灉涓嶈兘鑹ソ鐨勯ギ鐢紝瀹规槗瀵艰嚧韬綋鍑虹幇鍓綔鐢ㄩ棶棰橈紝浠庝腑鍖荤殑瑙掑害璇达紝瑗挎磱鍙傛€у噳锛銾 湁 蓁 鍄 ソ 勮 勮 剮 則 剿 吇 咇 咒 尒 发 堑 堟 姉 姽 屽  鏋 滭 咭 雜 雜 雞雞 雧 雧 姾 姮 姤 姮 姤 姮 姤 姤 姤琛ㄧ幇镄勬椂鍊欙紝鍠濊タ娲嬪弬娉℃按鏄潪甯稿ソ鐨勩€備絾鏄鏋滆韩浣撶粡甯稿嚭鐜板挸鍡芥湁鐥帮紝鎴栬€呮湁姘磋偪鐨勭棁鐘剁殑鏃跺€欙紝杩欎釜鏃跺€欎笉閫傚悎鍠濊タ娲嬪弬锛屾墍浠ュ湪鐢ㄨタ娲嬪弬娉℃按鍠濈殑鏃跺€欎竴瀹氳瀵圭棁锛岃繖鎵嶈兘瀵硅韩浣撶殑鍋ュ悍鏈夊緢濂界殑淇冭繘浣滅敤锛屼笉鐒朵細瀵硅韩浣撻€犳垚涓嶅埄鐨勫奖鍝嶏紝鐢氳嚦浼氬姞閲嶇梾鎯呫€傚彟澶栭渶瑕佷簡瑙g殑鏄紝濡傛灉韬綋鐗瑰埆鍋ュ悍锛屾病鏈変笉閫傜殑鎰熻锛屽湪骞虫椂淇濆仴韬綋鐨勬椂鍊欙紝鏈€濂戒笉瑕佸枬瑗挎磱鍙傛场姘淬€傝繕鏈夊氨鏄湪鐢ㄨタ娲嬪弬娉℃按鍠濈殑鏃跺€欒鏍规嵁瀛h妭鎴栬€呮皵鍊欙紝鍦ㄦ槬澶╄繕鏈夊澶╃殑鏃跺€欙紝澶╂皵姣旇緝鐐庣儹骞茬嚗锛岃繖涓椂鍊欐瘮杈冮€傚悎楗敤瑗挎磱鍙傛场姘达紝瀵硅韩浣撴湁寰堝ソ鐨勮皟鐞嗗姛鏁堛€傚彟澶栬浜嗚В鐨勪竴鐐瑰氨鏄紝瑗挎磱鍙傚拰浜哄弬鎴栬€呯孩鍙傛湁涓嶅悓鐨勫姛鏁堬紝瑗挎磱鍙傛€у噳锛岃€屼汉鍙傚睘浜庡ぇ琛ョ殑鑽潗锛屼袱鑰呭湪鍔熸晥涓婃湁涓€瀹氱殑鍖哄埆銆傛瘮杈冨共鐕ョ殑瀛h妭閫傚悎鏈嶇敤瑗挎磱鍙傛场姘达紝鑰屼笉閫傚悎鏈嶇敤浜哄弬鎴栬€呯孩鍙傘€?

Ren Zeping: Comparison of Sino-US Economic Strength

Ren Zeping: Comparison of Sino-US Economic Strength

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  Evergrande Institute Ren Zeping Luo Zhiheng Heng Hua Yanxue Guide At the same time that China has become the world’s second largest economy, GDP per capita is only one-sixth of the United States.

With the rapid economic development, education, science and technology, culture, health, medical care, social governance, and other areas of soft power and people’s livelihood are shortcomings.

  The new crown epidemic exposed many of our shortcomings in emergency management, medical technology, people’s livelihood, and social governance. It is a good sober agent. It is the same as the Sino-US trade friction, so the pre-popular comprehensive super beauty,”Excessive inflation” is a good sober agent.

After this epidemic, let us be more rational and objectively review the gap between China’s soft and hard power, and understand more clearly the real differences in realizing the modernization of national governance system and governance capabilities.

In the future, we should focus on economic construction and pay more attention to people’s livelihood and people’s happiness.

  What should really be reflected now is how to reform the deep-seated system and mechanism, so that tragedies no longer repeat themselves, certain types of information are open and transparent, public opinion supervision, social governance, emergency systems, financing of SMEs is expensive, taxes and fees are high, and local officials and governmentsEntrepreneurship, etc.

The crisis is not terrible. The key is how to deal with it.

  The macro is data, the micro is how many families are sad and happy.

We went through an extraordinary period together. It was both an epidemic battle and a drama of human nature.

I am willing to get out of the haze at an early date, cherish life, love life, and make a determined decision to reform the deep-seated system and mechanism.

  How big is the gap between China and the United States?

In what ways?

This article objectively analyzes the gap between China and the United States in terms of economic strength, affirms progress, confronts problems, and pushes for reform.

  Abstract For the past 40 years, benefiting from reform and opening up, China’s economic and social development has achieved world-renowned achievements, accounting for 16% of the global economic share, and 66% of China-US GDP.

First, China’s economic aggregate grew from less than 150 billion U.S. dollars to 13 in 1978-2018.

6 trillion US dollars, from low-income countries to the ranks of upper-middle-income countries, accounting for 6% of US GDP.

3% rose to 66.

3%, accounting for 1% of the global economy.

8% increased to 16.

1%, the pull on global economic growth increased from 2% to about 30%.

The average annual growth rate in the past 40 years was 9.

5%, previously only 2 in the US and Japan.

6% and 2%.

It is estimated that China’s GDP will grow at an average annual rate of 6% and that of the United States will grow by 2%. In 2027, ten years later, China’s GDP is expected to overtake the US.

Second, the industrial and agricultural production capacity has developed rapidly, and resources have grown from surplus to rich.

From 1978 to 2018, the total grain output doubled, the industrial added value increased by 187 times, and the industry increased the first in the world.

The mileage of railways and highways increased by 4.

5 times and 1.

5 times, of which high-speed rail accounts for more than two-thirds of the world’s high-speed rail, the world’s largest mobile Internet.

Third, trade in goods ranks first in the world, accounting for 12 of the world.

8%.

The actual use of foreign direct investment in 2018 was US $ 135 billion, a 106-fold increase over 1984.

Fourth, foreign exchange reserves rank first in the world for 13 consecutive years.

Fifth, the urbanization rate climbed to 59.

6%, entering the development stage of urban agglomerations.

In the past 40 years, the employment scale has increased by more than 3 billion, and the primary industry has continued to shift to the secondary and tertiary industries, but the proportion of employees in the primary industry is still higher than the proportion of GDP in the primary industry.

2 averages.  At the same time, we need to have a lack of positive vision. China ‘s per capita GDP is only 16% of that of the United States. In terms of poor production efficiency, industrial structure, financial development level, urbanization level, corporate competitiveness, science, technology, education, culture, and residents ‘living standards, we have made breakthroughs compared with the United StatesAnd development space.

First, China’s per capita GDP is only 16% of the United States.

Second, China’s total factor productivity, labor productivity is only equivalent to 43% and 12% of the United States, and the incremental GDP per unit is lower than the US and world average levels.

Third, the contribution of consumption to the national economy has increased, but investment still accounts for a proportion. The United States is a consumption-driven economy.

Fourth, China’s tertiary industry has 30 alternatives to the United States, but the financial sector accounts for slightly more than the United States.

The agricultural share is high, but the efficiency is low, and the overall domestic food self-sufficiency rate is 84% lower than the United States’ 131%.

China’s industrial capacity utilization rate is generally lower than that of the United States, but high-tech industry capacity utilization rates exceed the United States.

China’s steel output is about 10 times that of the United States.

Fifth, although trade in goods ranks first in the world, trade in services is still in deficit.

In 2018, China’s service trade deficit was US $ 258.2 billion, of which the US service trade deficit was US $ 40.5 billion, accounting for 15% of the US service trade surplus.

Sixth, China is dominated by indirect financing, and the United States is dominated by direct financing. China ‘s financial freedom ranks behind in the world, and currency oversupply is serious. The stock market value is about 1/6 of that of the United States, and the US dollar accounts for 61% of global foreign exchange reserves.

7%, RMB accounted for only 1.

9%.

Seventh, China has fewer than six of the world’s top 500 companies, but the number of state-owned enterprises and many private enterprises is concentrated in resource-monopoly industries and the financial sector. The United States ranks on the list of companies in the field of IT technology, life, and health.

Eighth, China’s urbanization rate is lower than the 23 supplements in the United States, and the agglomeration effect of urban circles (groups) has reduced the United States.

Ninth, China’s arable land and territory are lower than those of the United States. The energy self-sufficiency rate has been decreasing year by year, and energy imports account for about twice the United States.

China’s arable land area is 78% of the United States, per capita arable land area is 19% of the United States, and man-made recycled land is 23% of the United States.

Crude oil production and self-sufficiency are only equivalent to 1/3 and 1/2 of the United States.

  While seeing the achievements and gaps, we must soberly recognize the huge potential and advantages of China ‘s economic development. As long as we are determined to promote a new round of reform and opening up, the best investment opportunities are in China: China has the world ‘s largest unification.Market (1.4 billion people), with the world ‘s largest middle-income population (400 million people); China ‘s urbanization process is only 20 distances away, with great potential; China ‘s labor resources are nearly 900 million, and employees 7More than 100 million high-quality talents with higher education and vocational education1.

700 million, with more than 8 million college graduates each year, the demographic dividend shifts to the talent dividend; China’s new economy is rising rapidly, and the number of unicorns is second only to the United States; China’s GDP growth rate is more than 6%, which is 2-3 times that of the United States;The new round of reform and opening up will start a new cycle and release great vitality.

  Based on its national conditions, China must objectively and rationally look at the gap with the United States, vigorously promote reform and opening up, and improve its overall national strength.

Six major reform proposals: 1) Establish a gradual development assessment system, encourage local trials, and mobilize the enthusiasm of local governments; 2) Fully liberalize the regulation of the automotive, financial, oil, and power industries, be neutral in competition, and motivate entrepreneurs;Taking China-US trade negotiations as an opportunity, reduce tariffs, liberalize industry investment restrictions, strengthen intellectual property protection, actively promote the establishment of a China-US free trade zone, and motivate foreign investment; 4) large-scale tax and fee reduction, from fragmentation to preferentialTurning tax cuts into a package and inclusive tax cuts; 5) Vigorously develop multi-level capital markets, reduce administrative intervention while strengthening legal supervision, encourage mergers and acquisitions and reorganization, and promote information disclosure, severe punishment, and delisting as the core registration systemTo mobilize the enthusiasm of the new economy and PE / VC / venture; 6) The key to establishing a housing-oriented housing system and long-term mechanism is the link between people and land and financial stability.

  Contents 1 Forty years of reform and opening up, China’s economic and social development achievements have attracted worldwide attention.

1 The average annual growth rate of the Chinese economy in the past 40 years has reached 9.

5%, GDP accounts for 16% of the world, equivalent to 66% of the United States1.

2Industrial and agricultural production capacity is developing rapidly, and resources are overlapping to abundant1.

3 Trade in goods ranks first in the world, accounting for 12 worldwide.

8% 1.

4 Foreign exchange reserves ranked the first in the world for 13 consecutive years1.

5 The urbanization rate climbed to 59.

6%, entering the development stage of urban agglomerations and metropolitan areas 2 The gap between China and the United States in terms of per capita GDP, production efficiency, industrial structure, corporate competitiveness, financial freedom, and level of urbanization2.

1 GDP per capita: the difference is huge, China is only 16% of the US2.

2 Economic productivity: China’s total factor productivity and labor productivity are lower than those of the United States, and the GDP per unit created is lower than the US and world averages2.

3 Investment and consumption: The contribution of consumption to the national economy has increased, but investment still accounts for the proportion; the United States is a typical personal consumption-driven economy2.

4Industrial structure: China’s tertiary industry is lower than the United States with 30 mergers2.

5 International trade: China’s service trade is in deficit, and the US service trade surplus is 2.

6 Finance: China is dominated by indirect financing, while the United States is dominated by direct financing. China ‘s financial freedom ranks lower in the world, and the currency is oversold.

7% 2.

7Competitiveness of enterprises: China has fewer than six of the world’s top 500 companies. The number of state-owned enterprises is more than that of private enterprises. They are concentrated in resource monopoly industries and the financial sector.

8 Population and employment: China’s population is 4 of that of the United States.3 times, but the aging rate is growing faster, before getting rich2.

9 cities: China’s urbanization rate is lower than that of the US 23 alternatives, and the agglomeration effect of urban circles (cluster) is reduced in the United States2.

10 Resources and energy reserves: China ‘s per capita arable land and territorial extension of the United States, the energy self-sufficiency rate has been decreasing year by year, and the proportion of energy imports is about twice that of the United States. 2

11 Finance: China’s macro tax burden is slightly higher than that of the United States, and the government debt rate exceeds that of the United States. Considering the high hidden debt and the low level of social security, fiscal pressure prevents it2.

12 Military Expenditure: The United States has the largest military expenditure expansion in the world, which is 3 times that of China. 3 The best investment opportunities are in China.

1 China has 1.4 billion people and has the largest unified market and middle-income population in the world3.

2 The labor resources are nearly 900 million, and the number of high-quality talents receiving higher education and vocational education is 1.

700 million, the demographic dividend turned to the talent bonus3.

3 Innovation and entrepreneurship are very active, and the number of unicorn enterprises in China’s new economy accounts for 28% of the world, second only to the United States3.

4 With six major areas as breakthroughs, a new round of reform and opening up will open a new cycle. 1 Forty years of reform and opening up, China’s economic and social development has achieved world-renowned achievements. Forty years, thanks to reform and opening up, China has made great progress in all aspects.The scale of China’s economy accounts for the global economy, and the gap between the United States and the United States continues to shrink and narrow. It has developed rapidly in terms of industrial structure, trade, corporate competitiveness, and urbanization.

  1.

1 The average annual growth rate of the Chinese economy in the past 40 years has reached 9.

5%, GDP accounted for 16% of the world ‘s total, equivalent to 66% of the United States ‘forty years of reform and opening up, China ‘s economic scale has grown from less than 400 billion to 9 billion, and has moved from low-income countries to upper-middle incomeNational ranks.

In 1978, China’s GDP was only 367.9 billion U.S. dollars. In 2018, GDP was about 90 trillion U.S. dollars, an increase of about 245 times, with an average annual nominal growth rate of 14.

7%; actual growth of 35.

8 times, the average annual actual growth rate is 9.

5%, the actual growth rate of the United States and Japan was 2 previously.

6% and 2.

0%.

In current US dollars, China’s GDP was US $ 149.5 billion in 1978 and 13 in 2018.

USD 6 trillion, with an average annual growth rate of 11.

9%, compared to 5 in the US and Japan over the same period.

6% and 4.

1%.

From the perspective of world rankings, China’s total economic volume ranked 11th in the world in 1978. Since then, it has surpassed France in 2005, Britain in 2006, Germany in 2008, Japan in 2010 and leapt to the second largest economy in the world.

In terms of percentage, China’s total GDP accounted for 1 in 1978.

8%, accounting for 16 in 2018.

1%.

  The difference in the size of China’s and the US’s GDP has narrowed rapidly, equivalent to 66% of the US, and it is expected that China’s GDP will overtake the US in 2027.

The size of China’s economy in 2018 reached 13.

6 trillion US dollars, economic growth rate 6.

6%, accounting for 16% of world GDP.

The size of the US economy is 20.

5 trillion US dollars, economic growth rate 2.

9%, accounting for 24% of world GDP.

If China follows a growth rate of about 6%, it is expected that by 2027, China is expected to become the world’s largest economy.

  The scale of China’s economy in terms of purchasing power parity is already the largest in the world.

In 2014, China’s economic scale (PPP-denominated) was 18 trillion international dollars, surpassing the United States for the first time and reaching 25 in 2018.

2 trillion international dollars, 20 in the United States.

4 trillion international dollars, the gap between the two continues to widen.  China is the largest contributor to global economic growth.

China’s contribution to global economic growth rose from 2% in 1979 to about 30% in 2018, becoming the largest contributor to global economic growth.

China’s economic growth in 20181.

4 trillion US dollars, equivalent to Australia’s economic aggregate in 2017.

The IMF forecasts global GDP growth in 20184.

At US $ 78 trillion, China ‘s contribution to global economic growth is about 30%, which is higher than the US ‘s contribution rate21.

2%.

  The economic structure continues to be optimized, the tertiary industry has become the primary engine of economic growth, and the contribution of consumption to economic growth has increased significantly.

In terms of industries, the primary, secondary and tertiary industries accounted for 27% of GDP in 1978.

7%, 47.

7% and 24.

6%, driving GDP growth by 1 respectively.

1, 7.

2 and 3.

Three of them are single; in 2018, the three major industries accounted for 7 of GDP.

2%, 40.

7% and 52.

2%, driving GDP growth to 0.

3, 2.

4 and 4.

Zero digits; the tertiary industry accounted for an increase of 27 in 2018 compared to 1978.

5 digits, the contribution rate to the economy increased by 30.

4 percentage points, the economic growth is driven by the secondary industry to more sustainable tertiary industry.

In terms of final demand, the contribution rates of consumer spending, capital formation, and net exports to GDP growth in 1978 were 38.

3%, 67.

0% and -5.

3%, driving GDP 4 respectively.

5, 7.

8 and -0.

6 years; In 2018, consumption, investment and net exports contributed 76 to GDP growth.

2%, 32.

4% and -8.

6%, pulling GDP 5 respectively.

0, 2.

1 and -0.

With 6 digits, the contribution of consumption to the economy has increased significantly.

  1.

2 The rapid development of industrial and agricultural production capacity, the resources from overlapping to rich agricultural and industrial production capacity continue to increase, the level of infrastructure construction has developed by leaps and bounds, and the material has changed from substitution to abundance.

In agriculture, China’s total grain output in 2018 was 65,789 tons (1.

3 trillion jin), which doubled from the previous year in 1978; in terms of industry, the national industrial added value in 2018 was 30.5 trillion US dollars, an increase of 187 times over 1978; the output of industrial products such as steel, cement and natural gas increased by 49.

1, 32.

9 and 10.

7 times; the output of automobiles is close to 28 million, an increase of more than 180 times.

From an international comparison point of view, crude steel, coal, power generation, cement, and fertilizer production ranked 5th, 3rd, 7th, 4th, and 3rd in the world in 1978; Crude oil production rose from 8th to 5th.

A large number of home appliances and communication products such as air conditioners, refrigerators, color TVs, washing machines, microcomputers, tablets, and smartphones rank first in the world.

In terms of transportation construction, China’s railway business mileage reached 13 at the end of 2018.

10,000 kilometers, an increase of 1 over the end of 1978.

5 times, of which high-speed railway reaches 2.

90,000 kilometers, accounting for more than 2/3 of the world’s high-speed iron content.

At the end of 2018, the highway mileage was 4.86 million kilometers, an increase of 4 from the end of 1978.

5 times; the air transport volume is 23,324 million ton-kilometres, which is approximately 2 times that of Japan and 56% of that of the United States.

In terms of post and telecommunications, the penetration rate of mobile phones rose to 112 in 2018.

2/100 people, built the world’s largest mobile Internet, with 13 mobile broadband users.

0 billion households.

  1.

3 Trade in goods ranks first in the world, accounting for 12 worldwide.

In the 40 years of reform and opening up, China ‘s total imports and exports of goods increased by 223 times, ranking first in the world in integration, and the trade in goods maintained a surplus year round.

In 1978, China’s total import and export of goods was only 20.6 billion US dollars, accounting for only 0% of the international market.

8%, ranking 29th in the world.

With the increase of domestic production capacity and the level of opening up, especially after joining the WTO in 2001, the scale of China’s goods trade has surpassed Britain, France, Germany and Japan.

China’s import and export invoices reached 4 in 2018.

6 trillion US dollars, an increase of 223 times earlier in 1978, with an average annual growth rate of 14.

5%; In 2017, the value of imports and exports of goods accounted for about 11.

5%, ranking first in the world.

The value of China’s goods exports in 2018 was US $ 2.4874 trillion, accounting for 12 of the world’s total.

8%, higher than 8 in the United States.

5% (Germany 8%, Japan 3.

8%), the world’s largest exporter of goods for ten consecutive years.

China’s imports of goods amounted to USD 21356 billion, with a surplus of USD 351.8 billion.

The total value of imports and exports of services in 2018 was approximately $ 792 billion, an increase of 174 times over 1978.

In 2018, China’s actual use of foreign direct investment amounted to US $ 135 billion, an increase of 106 times compared with 1984.

  The dependence of China and the United States on imports and exports has continued to decline, and China’s decline has been even greater.

The ratio of China’s total imports and exports to GDP has increased rapidly since 1978, especially since joining the WTO in 2000, reaching a peak of 64 in 2006.

2%, which has continued to decline since then, to 33 in 2018.

9%, the dependence on imports and exports fell, more than 30 times lower than the highest point.

China’s overall merchandise trade surplus continues to expand, with net exports / GDP reaching 7 in 2007.

After 5%, it fell to 2 in 2018.

6%.

The US import and export budget / GDP has continued to increase, reaching a peak of 30 by 2011.9%, expected to decline, to 27 in 2018.

4%.

After the United States ‘net exports turned negative for the first time in 1971, except for the ease of the Japan-US trade war in the late 1980s, most of the years were negative, with net exports / GDP reaching -5 in 2006.

5%, followed by a narrowing deficit, -3% in 2018.

The outbreak of the Sino-US trade war broke out around 2006, when the U.S. deficit was the worst. In the narrowing of 2018, the visible trade deficit was just an excuse for the United States to launch a trade war.

  1.

4 Foreign exchange reserves The world’s number one foreign exchange reserve has increased for thirteen consecutive years, and China has changed from a foreign currency exchange country to the world’s largest foreign exchange reserve country.

In 1978, China’s foreign exchange reserves were only 1.

USD 6.7 billion, ranking 38th in the world.

The subsequent level of economic development has continued to increase. The internal current account surplus has rapidly accumulated and foreign investment has continued to increase. In 2006, foreign exchange reserves exceeded US $ 1 trillion, surpassing Japan and ranking first in the world.

Foreign exchange reserves at the end of 20183.

07 trillion US dollars, ranking first in the world.

  1.

5 The urbanization rate climbed to 59.

6%, entering the development stage of the urban agglomeration and metropolitan area. Forty years, the employment scale has increased by more than 3 billion, and the primary industry has continued to shift to the secondary and tertiary industries. However, the proportion of employees in the primary industry is still higher than the proportion of the primary industry in GDP.

2 averages.

From 1978 to 2018, China’s employment increased from 40.152 million to 77.586 million, an average annual increase of 9.36 million.

A large amount of rural surplus labor force was transferred to the secondary and tertiary industries, and the tertiary industry gradually became the main channel for absorbing employment.

In 1978, the proportion of employed persons in China’s first, second and third industries was 70.

5%, 17.

3% and 12.

2%, agriculture is the main sector of labor employment; as of the end of September 2018, the proportion of employees in the three industries across the country was 27.

4%, 28.

0% and 44.

At 6%, the share of employment in the primary industry dropped by 43.

The single-digit, second and tertiary industry employment ratios increased by 10.

7 and 北京桑拿 32.

4 averages.

However, the proportion of employees in the primary industry is still growing, higher than the proportion of the primary industry in GDP, the employment of the primary industry is shifting to the secondary, and the transfer and transformation of the tertiary industry continue.

  The urbanization rate has steadily increased and entered the development stage of urban agglomerations.

Forty years, the resident population of Chinese cities and towns has increased from 1.

700 million quickly increased to 8.

3 billion, a net increase of 6.

600 million, the resident population urbanization rate from 17.

92% increased to 59.

6%, an increase of 42 budgets.

At the end of 2018, the urbanization of the rural household registration population in China43.

4%, and the gap between the urbanization rate of the resident population narrowed to 16.

2 杭州桑拿 averages.

In 2014, the Party Central Committee and the State Council issued the five major development goals set out in the “National New Urbanization Plan (2014-2020)”; in 2019, the National Development and Reform Commission issued the “Guiding Opinions on Cultivating and Developing a Modern Metropolitan Area” to guide the cultivation of a modern urban circle;The “Government Work Report” of 2015 reopened the development model of urban agglomerations, and the process of urbanization will accelerate.  2 China’s gap with the United States in terms of per capita GDP, production efficiency, industrial structure, corporate competitiveness, financial freedom, and level of urbanization, etc. China is currently the world’s second-largest economy, and the gap between its GDP and the United States continues to narrow, butThe basic status quo of “China is the greatest interest and the United States is the greatest interest” has not changed.

China’s per capita GDP is only 16% of the United States. The gap between the United States and the United States in terms of production efficiency, industrial structure, financial development level, urbanization level, and corporate competitiveness lies in the gap and development space.

Based on its national conditions, China must objectively and rationally look at the gap with the United States, vigorously promote reform and opening up, and improve its overall national strength.

  2.

1 GDP per capita: The difference is huge, China’s only 16% of the United States, China and the United States have huge differences in per capita GDP.

In 2018, China’s per capita GDP reached US $ 9,769, and the average GDP of Americans was US $ 62,590. China is equivalent to only 16% of the US.

In general, the company is 40,000 US dollars, with a per capita GDP ranging from 8,000 US dollars to 40,000 US dollars. The US took about 29 years, Japan used 32 years, and Germany used 30 years.

According to PwC and the World Bank’s expansion, China’s per capita GDP will be 3 in 2050.

$ 730,000, compared with 8 in the United States.

At $ 780,000, the gap will still be huge.

According to the plan of the 19th National Congress of the Communist Party of China, China’s blueprint for the next 30 years: to build a well-off society in an all-round way by 2020; to basically achieve socialist modernization by 2035;.

  2.

2 The highest economic efficiency: China ‘s total factor productivity and average labor productivity are lower than those of the United States. The GDP per unit of income generated and the average level of the United States and the world. The Chinese economy is shifting from high-speed growth to growth growth.Economic efficiency is still gradually surpassing the United States.

In 2014, China’s total factor productivity (PPP-denominated) was 43% of the United States; China’s labor productivity was 1 in 2018.

USD 40,000, US 11.

30,000 US dollars, China is about 12% of the United States.

  China’s GDP creation efficiency is lower than the US and world averages, and it was large in the past, but only higher than Russia among the major powers.

In 2014, the average annual GDP per unit was 5.

USD 7 / kg oil equivalent, US 7.

USD 46 per thousand barrels of oil equivalent, the world average is 7.

$ 9 / glucose oil equivalent.

  2.

3 Investment and Consumption: The contribution of consumption to the national economy has increased, but investment still accounts for the proportion; the United States is a typical personal consumption-driven economy. According to the expenditure method, Chinese household consumption increased again in 2017.

1%, lower than 69 in the United States.

1%; China ‘s final consumption expenditure accounts for 53% of GDP.

6%, investment ratio is still high.

The report of the 19th National Congress of the Communist Party of China clearly stated that “enhancing the fundamental role of consumption in economic development and giving play to the key role of investment in optimizing the supply structure.”

The consumption demand of Chinese residents has not been significantly improved, and the consumption rate (the proportion of residents’ consumption to GDP) has been at a low level, especially from 2000 to 2010, the consumption rate of residents has increased from 46.

7% continued to decrease to 35.

Historical low of 6%.

Although it has picked up after 2010, it is still relatively low, which was 39 in 2017.

1%.

The previous U.S. consumer rate was as high as 69.

At 1%, the UK also reached 65.

5%, the euro zone average is 54.

6%.

Even compared with countries and regions in similar stages of economic development, China ‘s consumer consumption rate is significantly lower. In 2017, the average consumption rate of the BRICS (excluding China) was 64%, 25 cases higher than China.

  Recently, in the context of excessive residents ‘leverage, high housing prices, economic growth downturn, and the disappearance of wealth effects, household consumption has been downgraded, and the proportion of residents’ income distribution needs to be increased.Relax market access and competition, increase the supply of quality products and services, and promote household consumption.

China’s capital formation growth accounted for 44 in 2017.

4%, still highly dependent on investment, pushing up the leverage ratio; the proportion of private investment in the United States.6%.

  2.

4Industrial structure: China’s tertiary industry has less than 30 alternatives in the United States. China’s tertiary industry accounts for less than 30 alternatives in the United States, and the US service industry has absolute ownership.

In 2018, the three major industries accounted for 7%, 41%, and 52% of GDP, respectively. In 2017, the three major US industries accounted for 1%, 17%, and 82% of GDP.

From the perspective of labor force distribution, the proportion of the employed population in China’s three major industries in 2017 was 27%, 28.

1% and 44.

9%; the proportion of employment in the three major US industries is 1.

7%, 18.

9% and 79.

4%.

  In terms of agriculture, China’s primary industry is relatively inefficient, mechanized, and low-scale, relying more on chemical fertilizers.

China’s soybean and corn yields and total yields are much lower than those of the United States.

China’s general grain self-sufficiency rate is 84% and the United States’s 131%.

First, according to World Bank data, annual yields of corn and soybeans in 2017 are expected to be 56% in the United States.

Second, according to the United Nations Budget (FAO) data, annual corn production in 20162.

300 million tons, the United States is 3.

800 million tons, China’s output is equivalent to 60% of the United States; soybean production in 1196, equivalent to only 10% of the United States.

Thirdly, in terms of food self-sufficiency rate, the annual narrow sense of self-sufficiency in food was 95 in 2016.

4%, 121% in the United States; developing countries’ general food self-sufficiency totals 83.

9%, the United States is 131.

2%.

China is a net food importer and the United States is a net food exporter.

Fourth, the fertilizer consumed per hectare of arable land in China is from the United States.

Seven times, the number of tractors per 100 mm of arable land is three times that of the United States.

  The proportion of China’s high-end service industry exports is lower than that of the United States.

In 2015, China’s exports of high-end services (including tourism, intellectual property, financial insurance and communications and information services) accounted for 34.

6%, nearly 30 incorporations lower than the United States.

In 2017, China’s industrial added value was US $ 41452 billion, accounting for 33% of GDP.

8%, the added value of the manufacturing industry is 359.2 billion US dollars, accounting for 29% of GDP.

3%; U.S. industrial added value is $ 2,869.2 billion, accounting for 14 of GDP.

At 8%, the added value of the manufacturing industry was US $ 224.4 billion, accounting for 11% of GDP.

6%.

  China’s industrial capacity utilization rate is generally lower than that of the United States, which was slightly higher than that of the United States in 2017 due to domestic de-capacity.

Since 2013, China ‘s industrial capacity utilization rate has been lower than that of the United States as a whole, but progress has been made in de-capacity. In the first quarter of 2019, the capacity utilization rate reached 75.

9%, lower than 78 in the United States.

6%.

In view of different industries, China is relatively weak in mining and metal smelting. The capacity utilization rate of China’s mining industry is 73.

1%, the United States is 90.

3%; China ‘s non-metallic mineral product capacity utilization is 67.

4%, the United States is 67.2%; China’s ferrous metal smelting capacity utilization is 79.

2% (Smelting and processing of nonferrous metals 78.

8%) and 81% in the United States.

  The proportion of China’s financial industry is basically the same as that of the United States, and the proportion of the real estate industry is about half of that in the United States.

In 2018, China’s financial industry accounted for 7% of GDP.

7%; the US financial and insurance industry accounts for 7 of GDP.

4%.

The real estate and leasing industries in China and the United States accounted for 9% of GDP.

3% and 13.

3%; among them, China and the US real estate industry accounted for 6% of GDP.

7% and 12.

2%.

  2.

5 International trade: China’s trade in services is in deficit, the US trade in services is in a deficit, China’s trade in services is in a deficit, and the US is in a trade in services.

In 2018, China’s service exports were US $ 266.7 billion, imports were US $ 524.8 billion, and the trade deficit was US $ 258.2 billion. The US service exports were US $ 828.4 billion, imports were US $ 559.2 billion, and trade surplus was US $ 269.2 billion.The trade surplus was US $ 40.5 billion, accounting for 15% of the US service trade surplus, ranking first.

  2.

6 Finance: China is dominated by indirect financing, while the United States is dominated by direct financing. China ‘s financial freedom ranks lower in the world, and the currency is oversold.

7% of China focuses on indirect financing through bank intervention, reducing risks and lending to state-owned enterprises and traditional low-risk industries. The United States focuses on direct financing and has developed risky investments, which is conducive to promoting innovation in the real economy and high technology.

In 2017, China’s indirect financing accounted for 75%, and direct financing accounted for 25%; in the United States, direct financing accounted for 80%, and indirect financing accounted for about 20%.

  China’s financial industry is not deepened enough, its degrees of freedom are low, and its degree of opening up is not enough.

According to the Financial Freedom Index released by the American Traditional Fund Association in 2017, China’s financial freedom is 20, ranking 120th globally, and the US financial freedom is 70, ranking 20th globally.

  China’s M2 / GDP ratio is 2 of the United States.

8 times, a large amount of currency was issued.

At the end of 2018, China’s money supply (M2) was 26.

US $ 3 trillion, accounting for 193% of GDP; US money supply is US $ 14 trillion, accounting for 69% of GDP.

  China’s stock market has developed relatively late, with the total market value of the Shanghai and Shenzhen markets accounting for only 1/6 of US stocks.

At the end of 2018, the total Shanghai and Shenzhen cities increased by 6.

6 trillion US dollars, accounting for 48% of GDP.

5%; the total market value of US stocks has reached 37.

8 trillion US dollars, accounting for 184 GDP.

3%.

There are 3,584 listed companies in Shanghai and Shenzhen, and 4,875 in the US.

From the perspective of the stock issuance and delisting system, China implements an IPO approval system. The company’s listing process is complicated, and it takes time to subdivide. The market mechanism does not fully play its role. The United States implements a registration system, which can fully utilize the market mechanism through price games between issuers and investors.effect.

From the perspective of investment structure, China’s stock market is attended by individual investors, with small and medium investors (the size of securities account assets less than 500,000) accounting for 75.

1%, the herd effect and irrational characteristics are obvious; the US stock market is involved by institutional investors, focusing on long-term value investment.

From the perspective of the stock index, the stocks show the characteristics of bullish short-bearing long. After a few rounds of soaring and plunging, the long-term trend of the Shanghai Composite Index is not obvious; the United States has shown a “slow bull market”, showing a long-term growth trend. According to World Bank data, 2017In 1997, the Chinese stock market changed hands and reset 197%, and the US stock market changed hands and reset 116%.

In terms of different industries, the market value of China’s various industries is lower than that of the United States, but the relative market value of the materials, industry, real estate and real estate and financial industries is relatively high, and the market value of telecommunications business is different from that of the United States.

  The US dollar is an international reserve currency, accounting for 61% of global foreign exchange reserves.

7%, RMB accounted for only 1.

9%.2017 China IMF voting rights share 6.
41%, compared with 17.
46%, with one vote of veto.
At the end of 2018, China’s foreign exchange reserves were US $ 3,272.7 billion, and US foreign exchange reserves were US $ 41.9 billion. China is the world’s largest foreign exchange reserve country, accounting for about 27%.

Of the global foreign exchange reserves in 2018, the US dollar accounted for 61.
7%, RMB accounted for 1.
9%, the euro accounts for 20.
7%, yen is 5.
2%, sterling accounted for 4.
4%, Canadian dollar accounts for 1.
8%.

  China’s total savings rate is higher than that of the United States, but the U.S. loan interest rate is lower than that of China, which attracts more foreign investment than China.
In 2016, China’s total savings rate was 47%; the US’s total savings rate was 18%.
China’s short-term loan interest rate in 2018 4.
35%, US federal funds rate 2.

4%.

In 2017, China attracted US $ 136.3 billion in foreign direct investment, and the United States attracted US $ 277.3 billion in foreign direct investment.
In 2017, China’s foreign investment was US $ 101.9 billion, and the US foreign investment was US $ 424.4 billion.
  2.

7 企业竞争力:中国进入世界500强的数量比美国少6家,国企多民企少,集中在资源垄断性行业及金融部门,美国在IT科技生命健康科技领域上榜企业较多  中国进入世界500The number of strong companies is not as good as that of the United States. There are more state-owned enterprises and less private enterprises. They are concentrated in resource monopoly industries and the financial sector. The United States has more companies on the list of life and health.
The 2018 Fortune Global 500 list shows that the number of companies in China (including Taiwan in China) has increased for 11 consecutive years, reaching 120, of which 83 are state-owned enterprises and 37 are private enterprises; 126 are in the United States.
Three Chinese companies entered the top ten of the list: State Grid (No. 2), Sinopec (No. 3), and PetroChina (No. 4); Wal-Mart retailers in the United States continued to top the list of Fortune 500 companies.
  From the perspective of industry distribution, the companies on the list in China are mainly concentrated in the financial industry, energy, oil refining, mining, real estate and engineering and construction industries. There are fewer companies on the list in the industries such as life and health, and food production.Energy, electronics, communications, IT technology and other industries.
In the electronic communications industry, there are 15 companies in China (Hon Hai, China Mobile, Huawei, China Telecom, China Unicom, etc.) and 23 in the United States (Apple, AT & T, Microsoft, Comcast, IBM, etc.); food production, life health industry, ChinaThere are no companies on the list. There are 10 food production companies and 12 life health companies in the United States.
  In terms of profitability, the United States Apple Corp. ranks first, with a profit of 48.3 billion U.S. dollars, and China’s top ten profit list is the four largest state-owned banks.
The average profit of the 10 listed banks in China is as high as 17.9 billion U.S. dollars, and the total profit accounts for 50 of the total profits of the 111 listed companies in China (including Hong Kong, excluding Taiwan).
7%.
The eight banks on the list have an average profit of $ 9.6 billion, while the total profit is only 11 of the 126 companies on the list.
7%.
  2.

8 Population and employment: China’s total population is 4.
3 times, but the aging rate is growing faster. Before the rich, the total population in China is 4.
2 times, the aging rate is growing faster.
At the end of 2018, China’s total population was 13.

9.5 billion, compared with 3 in the United States.

300 million, China is about 4 times the United States; China’s population density is 145 people per square kilometer, the United States is 36 people, China is about 4 times the United States; China’s aging rate is growing faster than the United States, China’s population is aging in 2017The conversion rate is 11.
4%, the rate of population aging in the past ten years has increased by 0.
3 percentage points / year, US population aging rate 15.
4%, population aging rate is 0.
28 percentage points / year; male to female ratio is 1.05 and 0.

97.

  2.

Nine cities: China ‘s urbanization rate is 23% lower than that of the United States. The agglomeration effect of urban areas (groups) decomposes the United States. The urbanization rate of the permanent population of China and the United States has declined.
The agglomeration effect of China’s five largest urban agglomerations is lower than that of the United States.

China’s Urbanization Reform in 201859.

1%, the United States is 82.

3%.

In the United States, the Atlantic Ocean City Group, the Great Lakes City Group, and the West Coast City Group each have a population of 21 in the country.

8%, 14.

5% and 12.

1%, higher than China’s Beijing-Tianjin-Hebei, the Yangtze River Delta and the Pearl River Delta population accounted for 8%, 11% and 4 of the national proportion.

4%.
The GDP of the three major US urban agglomerations accounts for 25% of the national total.

6%, 13.

8% and 14.

1%, higher than 10%, 20% and 9 of China’s three major urban agglomerations.

2%.

  2.

9.

1Characteristics of major urban agglomerations in the United States (1) Boston-Washington urban agglomeration: The largest commercial and trade and international financial center in the United States is an ultra-large urban agglomeration composed of 11 states including Boston, New York, Philadelphia, Baltimore, and Washington, located on the East Coast of the United States.

The total area of the city group is approximately 450,000 square kilometers, accounting for 4% of the United States.

7%; population 70.31 million, accounting for 21 of the total US population.

8% is the most densely populated region in the United States; GDP reaches 4.

$ 7 trillion, or 25% of US GDP.

6%.

  (2) Chicago Pittsburgh City Group: The largest manufacturing center in the United States is a city group consisting of 35 cities including Chicago, Pittsburgh, Cleveland, Toledo, and Detroit.

The total area of the urban agglomeration is about 63.

40,000 square kilometers, accounting for 6 in the United States.

6%; population 467.6 million, accounting for 14 of the total US population.

5%; GDP reaches 2.

56 trillion US dollars, accounting for 13 of US GDP.

8%.
  (3) San Diego-San Francisco City Group: The “City of Technology” in the United States The third largest city group in the United States is located in the Pacific Northwest, including Southern California and Northern California, with Los Angeles and San Francisco as the centers, radiating the entire California.
The total area is about 40.

40,000 square kilometers, accounting for 4 in the United States.

2%; population 39.25 million, accounting for 12 of the total US population.

1%; GDP reaches 2.

6 trillion US dollars, accounting for 14 of US GDP.

1%.  2.

9.

2 Characteristics of China’s major urban agglomerations (1) Beijing-Tianjin-Hebei urban agglomeration The Beijing-Tianjin-Hebei urban agglomeration is composed of Beijing, Tianjin, two municipalities and 13 prefecture-level cities in Hebei Province.

The total area is about 21.

50,000 square kilometers, accounting for 2 of China’s land area.

3%; 2017 resident population1.

1 billion, accounting for 8% of China’s total population; GDP reached 8.

3 trillion yuan (1.

USD 2 trillion), accounting for 10% of China’s GDP.

  (2) Yangtze River Delta Urban Agglomeration The Yangtze River Delta urban agglomeration includes 26 cities including Shanghai, Jiangsu Province and Zhejiang Province.

The total area is about 21.

30,000 square kilometers, accounting for 2 of China’s land area.

2%; 2017 resident population1.

5 billion, accounting for 11% of China’s total population; GDP reached 16.

5 trillion yuan (2.

4 trillion US dollars), accounting for 20% of China’s GDP.

  (3) Pearl River Delta urban agglomeration The Pearl River Delta urban agglomeration includes 9 cities including Guangzhou, Shenzhen, Zhuhai, Foshan, and Dongguan.

The total area is about 5.

50,000 square kilometers, accounting for 0 of China’s land area.

6%, with a resident population of 61.51 million in 2017, accounting for 4 of China’s total population.

4%, GDP reached 7.

6 trillion yuan (1.

1 trillion US dollars), accounting for 9% of China’s GDP.

2%.

  2.10 Resources and energy reserves: China ‘s per capita arable land and territorial extension of the United States, the energy self-sufficiency rate shifts year by year, energy imports account for about twice the United States, the local arable land area is 78% of the United States, per capita arable land area is 19% of the United States, per capita renewableThe Congo is 23% of the United States. The energy self-sufficiency rate has been decreasing year by year, and energy imports account for about twice the United States.

According to World Bank data, the cultivated area of the United States in 2015 was 152.

30,000 square kilometers, accounting for 16 of the land area.

65%, is the country with the largest arable land area in the world, with a per capita arable land area of 0.

47 miles.

The area of arable land in China is 1.19 million square kilometers (about 17).

8.5 billion mu), accounting for 12 of the land area.

68%, 0 per capita.

09 Cobalt.

The arable land area and per capita arable land area in the United States are the previous ones.

3 and 5.

2 times.
In 2014, the informal regenerative hypertension of young people was 2062 cubic meters / person, equivalent to 23% of the US 8,846 cubic meters / person.

The proportion of China ‘s energy consumption imports has been increasing year by year, and the self-sufficiency rate has been decreasing year by year. This is in stark contrast to the recent US shale gas revolution.

02%, equivalent to US 7.31% twice.

  China’s crude oil output and self-sufficiency rate are only equivalent to 1/3 and 1/2 of the United States.

The self-sufficiency rates of crude oil in China and the United States in 2017 were 32 respectively.

2% and 65.

5%, China is only half of the United States; crude oil production in China and the United States is 1.

9 and 5.

700 million tons, China is 1/3 of the United States; China and the United States respectively consume 5 crude oil.

9 and 8.

700 million tons, China is 2/3 of the United States; in 2013, China’s shale gas reserves were 134 trillion cubic meters, and the United States’ shale gas reserves were 131.

5 trillion cubic meters; China’s technologically recoverable volume is 32 trillion cubic meters, and the United States is 33 trillion cubic meters.

  2.11 Finance: China’s macro tax burden is slightly higher than that of the United States, and the government debt rate exceeds that of the United States. Considering the high hidden debt and low social security level, fiscal pressure has prevented China’s full caliber macro tax burden from being 33 in 2015.

9%, slightly higher than 33% in the United States.

China’s fiscal deficit rate and government debt rate are lower than those of the United States, but the hidden debt burden is reduced. China’s social security and infrastructure construction level is still lower than that of the United States.

China’s fiscal deficit was implanted in 20184.

2% (taking into account the carry-over balance and the use of transferred funds, the official deficit is 2.

6%), with a US deficit rate of 4.

2% is basically the same.

According to BIS data, the Chinese government’s leverage restructuring in 2017 was 47%, compared to 97% in the United States.

  2.12 Military Expenditure: U.S. military spending is the largest in the world, three times that of China. At present, the rise of emerging countries depends to a large extent on the rise of the status of economic power. Its political influence and military strength still exist very much relative to economic strength.Big gap.

According to data from the Stockholm International Peace Research Institute in Sweden, China’s military expenditure in 2017 was US $ 228 billion, ranking second, accounting for 1% of GDP.

9%; U.S. military spending is $ 695 billion, accounting for 3 of GDP.

6%, accounting for 40% of the world, three times that of China.

Saudi Arabia has US $ 69.4 billion, Russia has US $ 66.3 billion, India has US $ 64 billion, France has US $ 57.8 billion, Britain has US $ 47 billion, and Japan has US $ 45.4 billion.

  3 The best investment opportunities are in China. While seeing achievements and gaps, we must soberly recognize the huge potential and advantages of China’s economic development. As long as we are determined to promote a new round of reform and opening up, the best investment opportunities areIn China: China has the world’s largest unified market (1.4 billion people) and the world’s largest middle-income population (400 million people); China’s urbanization process has only 20 alternative spaces and has great potential; China’s labor resourcesNearly 900 million people have employed more than 700 million people, and there are 1 highly qualified personnel with higher education and vocational education.

700 million, with more than 8 million college graduates each year, the demographic dividend shifts to the talent dividend; China’s new economy is rising rapidly, and the number of unicorns is second only to the United States; China’s GDP growth rate is more than 6%, which is 2-3 times that of the United States;The new round of reform and opening up will start a new cycle and release great vitality.
  3.

1 China has 1.4 billion people, with the largest unified market and middle-income population in the world. China has a unified market covering 1.4 billion people, free flow of goods, people, services and capital ownership, product research and development, production, logistics, sales and other alternatives.There are huge scale effects.

Taking the mobile Internet industry as an example, the number of Chinese Internet users is 8.

300 million people, a growth rate of 7 a year.

5%, while the number of US Internet users is 2.

500 million people, a year-on-year growth rate of 0.

9%, less than China; The rapid development in the field of mobile Internet has always benefited from the huge market size. Once the product is successful, it can gain a wide range of influences, and it can also receive a large number of user feedback to help enterprises iterate and update quickly.

  3.

2 Human resources are nearly 900 million, and high-quality talents receiving higher education and vocational education reach 1.

With a population of 700 million, the demographic dividend shifts to the talent dividend. At the end of 2018, China’s labor force population was about 9 billion, and there were 1 highly qualified talents with higher education and vocational education.

700 million, about 8 million college students graduate every year.

In the past 10 years, China has trained more than 70 million college students, including further technical talents, which has gradually made important progress in integrating industrial innovation, basic science and other fields in China, and some alternatives such as 5G have begun to make breakthroughs.

Although the total population of China has crossed the Lewis inflection point, the increase in the quality of the population has increased. China has ushered in a new round of talents (engineers) and has become an important talent reserve for China’s long-term economic development.  3.3 Innovation and entrepreneurship are very active. The number of unicorn enterprises in China’s new economy accounts for 28% of the world, second only to the United States. The new economy in China is vigorous and cross-border innovation is booming.

In 2018, the ten-year growth rate of the information service industry was as high as 30.

7%.
From the perspective of sub-sectors, mobile games, online shopping, ride-hailing platforms, travel platforms, smart homes, cloud computing and many other sub-sectors have achieved 20% -50% growth.

Colonial unicorns were born in every sub-sector, so Chinese companies’ voice in global innovation and entrepreneurship has increased rapidly.

In 2018, the global new economy unicorn companies in the United States and China accounted for 48% and 28%, respectively, and Sino-US unicorn companies accounted for 76% of the world.

According to estimates, the average Chinese unicorn in 2018 is estimated to be about 59.

$ 600 million, higher than the US 36.

$ 800 million.
In the future, the combination of information service industry with artificial intelligence, AR and VR technologies will still release huge growth potential and provide important momentum for China’s economic development.

  China has continuously expanded R & D investment, and the gap between some high-tech areas and the overall has narrowed.

China still has differences with the United States as the representative of the chip manufacturing, software development, aviation and other fields, but China continues to promote research and development.

Taking the communications industry as an example, Huawei, Ericsson, Nokia, ZTE and China cover the second of the world’s four largest communications equipment giants.

Huawei’s 2017 annual 925.

500 million US dollars, R & D investment of 137.

$ 900 million, significantly surpassing traditional communications equipment giants Ericsson and Nokia.

With the US wireless communications giant Qualcomm’s rating, Huawei’s revenue and R & D investment volume are also leading.

In the past ten years, Huawei has expanded nearly 400 billion yuan in research and development, and currently holds more than 70,000 patents (more than 90% are invention patents).

According to data from the World Intellectual Property Organization, in 2018, Huawei submitted 5,405 international patent applications, setting a single company’s highest international patent application record.

In the formulation of 5G standards, Huawei has also begun to emerge, and China has gradually increased its voice in global communications.

  3.4 With six major areas as breakthroughs, a new round of reform and opening up will open a new cycle. The biggest reform is opening up, which will achieve fair competition and advantages and disadvantages for market entities such as state-owned enterprises, private enterprises, and foreign enterprises.

China has never been afraid of opening up.

Reform and opening up have entered deep-water areas.

The cause is all done by people.

In the future, we should mobilize the polarities of all parties with six breakthroughs that have not been breached.

The Central Economic Work Conference at the end of 2018 and the two sessions in 2019 released signals of strong market-oriented reforms and simplified administration and decentralization. Supply-side reforms paid more attention to marketization and rule of law. They pointed out some misunderstandings and practices of last year and corrected them.In order to “consolidate, enhance, enhance, and unblock”, a new round of reform and opening up is under way.

  1. Establish a reasonable development assessment system, encourage local trials, and mobilize the enthusiasm of local governments; 2. Fully liberalize the regulation of the automobile, finance, oil, and power industries, compete neutrally, and motivate entrepreneurs; 3. Trade between China and the United StatesNegotiations are an opportunity to reduce tariffs, liberalize industry investment restrictions, strengthen copyright protection, actively promote the establishment of a Sino-US free trade zone, and mobilize communication enthusiasm; 4. Large-scale tax and fee reductions, from fragmentation and preferential tax reductions to a package,Inclusive tax reduction, effectively reducing the reduction of tax rates and social security contribution rates, and improving the sense of gain for enterprises and residents.

At the same time, through simplified administration and decentralization and institutional reforms, reduce redundant personnel and expenditures, and mobilize the enthusiasm of enterprises and residents; 5. Vigorously develop multi-level capital markets, reduce administrative intervention while strengthening legal supervision, encourage mergers and acquisitions and reorganization, and promote information disclosure, Severe punishment, delisting system as the core registration system, mobilize the enthusiasm of the new economy and PE / VC / venture capital; 6, the establishment of a housing-oriented housing system and long-term mechanism, the key is human-land connection and financial stability.

Change the urbanization ideas of “control the population of large cities, actively develop small and medium-sized cities and small towns, and achieve balanced regional development” as soon as possible. The urban planning regional planning strategies for metropolitan agglomerations led by large cities will promote population and land.Free and full flow of technology and other factors, mobilizing enthusiasm in various regions.

  Evergrande Research Institute’s “Sino-US Trade War” Series of Studies: 35, “Comparison of China and the United States in Science and Technology Strength: Decisive Battle for the New Generation of Information Technology”, May 23, 2019, 34, “Comparison of China and the United States in Science and Technology Strength: A Global Perspective”, 2019May 21, 33, “Re-escalation of Sino-US Trade Friction: Essence, Impact, Response and Prospect”, May 20, 2019 32, “Japan-US Trade War: How Does the United States Win the Economic Hegemony?”

“, May 18, 2019, 31,” Japan-US Trade War: Why Japan’s Financial Defeat?

“May 17, 2019, 30,” Establishing the China-US Free Trade Area (below): Rules, Plans, Impacts and Suggestions “, May 12, 2019, 29,” Establishing the China-US Free Trade Area (Part 1): BasicTheories and International Experiences “, May 10, 2019, 28,” Temporary easing of the Sino-US trade war: nature, response and future sandbox deduction “, December 2, 2018, 27,” U.S. Midterm Elections: Bipartisan Rule,Hinder. ”
Internal affairs, China’s policy is still tough “, November 8, 2018, 26.” Comparison of China and the United States: Technology, Education, Business, People’s Livelihood “, October 14, 2018 25,” Comparison of China and the United States Economic Strength “, 2018October 11, 2016, “China-US Trade War Escalates Again: Essence, Response, and Future Sandbox Deduction”, October 5, 2018 23, “China-US Exchange Rate War: History, Status, and Prospects”, September 9, 2018Day 22, “Comprehensive and Objective Assessment of the” 301 Report “of the United States on China, September 21, 2018,” How to Cope with the China-US Trade War: Deep Thinking and Future Sandbox Deduction “, August 19, 2018 20,”Apocalypse of the Japan-US Trade War: Economic Hegemony”, July 22, 201819, “The Big Debate on the Sino-US Trade War: Perspectives and Objective Evaluations of Both Sides”, July 12, 2018, 18, “China-US Trade War BeginsThe First Shot: Deep Thinking and Future Sandbox Deduction “, July 6, 2018 17,” Apocalypse of the Great Depression Trade War “, June 26, 2018 16,” The Sino-US Trade War is officially launched: Deep thinking和未来沙盘推演》,2018年6月17日  15,《来自历次中美贸易战的启示》,2June 15, 01814, “The Century of the Rise and Fall of the Great Powers and the Challenges and Future of China’s Rise-A Series of Studies on the Sino-US Trade War”, June 10, 2018 13, “Several Basics of the Sino-US Trade WarUnderstanding and Judgment “, June 5, 2018 12,” Evaluation of China’s Progress in Opening to the Outside World and Prospects for Transformation-China-US Trade War Series Studies “, May 29, 2018 11,” China-US Trade War: Deep Background,美方真实意图和未来沙盘推演》,2018年5月23日10,《中美联合声明:达成共识,守住底线,寻求共赢,避免最坏情形》,2018年5月20日  9、《中美What other cards can I play?
“April 7, 2018.8,” China and the United States Toughly Test Each Other’s Cards: Sand Tables Demonstrate Future Future Situations and Impacts “, April 5, 2018, 7” Roots of China-US Trade Imbalances: Give Trade Mergers a Lesson in Mergers “, April 1, 2018, “Sino-U.S. Trade War: What the United States Thinks, What Should We Do?

“March 27, 2018 5,” China-US Trade War: Causes, Impacts, Prospects and Responses “, March 24, 2018 4,” Allowable Tax Reform: Main Contents, Impacts, Global Tax Reduction Competition and China Tax”Reform”, February 11, 20183, “Prospects of Reasonable Policy Effects”, January 20, 20172, “Reverse Counterattack: This is the” silent majority “victory over elitism-2016 US Presidential ElectionSignals of the Times, “November 10, 20161,” If Hillary Clinton Will Replace Elected US President: Policy Differences and Impacts “, November 2, 2016

Mysterious funds hit another 3 billion bottom-up ETFs

Mysterious funds hit another 3 billion bottom-up ETFs
China Fund News reporter Li Shuchao. In the first two trading days of this week, the stock market stabilized after an adjustment in the volatility, and institutional funds seized the opportunity to reduce the price. The stock exchange-type open-end index fund (ETF) was heavily bought against the market.  Data show that this Monday, the stock market fell sharply, and the net inflow of funds through the stock ETF reached 28.US $ 6.5 billion distorts the continued net growth of equity ETFs since October.Among them, the broad-based broad-based ETFs and securities, 5G and other themed ETFs have become the main targets of capital inflows. ETFs in the liquor, consumer, and banking industries have seen a small net replacement.  Broad-based leaders, securities firms, 5G and other stock ETFs are sought after by funds. According to Wind data, on November 11th, only 198 stock ETFs with comparable data shared a net increase of 14 in total.1.9 billion shares, calculated based on the average transaction price on the day. During the stock market crash on Monday, the net inflow of stock ETFs was about 28.6.5 billion.  From the perspective of capital flow, smart funds used stock ETFs during the stock market crash. The main objectives of the layout are broad-based broad-based indexes and securities, 5G communications and other themed indexes.  Public data shows that on November 11, the Shanghai Stock Exchange 50, the Shanghai Stock Exchange 300, and the Shanghai Stock Exchange 500 Index fell by 1, respectively.55%, 1.76% and 2.At 25%, the broad market wide-base index experienced fluctuations, but the capital took the opportunity to flood into the wide-base ETF leading products, and quickly opened positions during the market crash.As of Monday, China Securities Shanghai 50ETF net inflow of funds14.USD 3.6 billion, accounting for half of the size of the net inflow of funds. Within a day, the fund’s share went from 139.2.9 billion copies increased to 144.3.0 billion shares, the fund’s net worth reached 434.USD 1.2 billion, consolidated as part of the largest equity ETF product.  In addition, China Southern Securities 500ETF, Huatai Barry Shanghai and Shenzhen 300ETF, and Huaxia Shanghai and Shenzhen 300ETF reached 5 respectively.1.7 billion, 杭州夜网论坛 3.9.1 billion and 2.0.7 billion, sought after by the funds in the decline.  Except for the Broad-Based Index ETF, the Cathay Securities China Securities Index ETF has a net inflow of 3 on the day.US $ 2.1 billion, Huaxia CSI 5G communications theme ETF, Huabao CSI All-Share Securities ETF net inflow of D funds also exceeded US $ 100 million.  Judging from the share growth of the stock ETF, the share of Huabao CSI Healthcare ETF increased by 8.54%, GF China Securities 100ETF share from 4.01 million copies increased to 4.300 million copies, the share growth rate is more than 7%; Cathay CSI refers to the communication equipment ETF, China Securities CSI 5G communication theme ETF, Puyin Ansheng CSI high score ETF single-day share growth of more than 4%.  In response to the phenomenon of funds against the market and increasing 杭州夜网论坛 the wide-base ETF and the brokerage ETF, a fund manager of a large-scale public quantitative investment department in Beijing said that as an important tool for institutional investors’ asset allocation, the change in the size of the stock ETF can better reflect the “smartInvestors’ attitudes towards market trends.2.8 billion funds entered the market against the market, which is very similar to the idea of “buy and buy” in the second half of last year. These smart funds hope to increase their holdings of broad-based ETFs and brokerage ETFs and 5G communications ETFs that are optimistic about the future in the stock market crash.The absolute cost of opening a position at the bottom of the market is expected to obtain better investment returns in the future.  The earliest is affected by the technology stock market since the opening of the science and technology board in late July. Many investors have gained profits from the investment in technology stocks. Faced with multiple wait-and-see states in the fourth quarter, stock ETFs have been available since October.The overall scale of the scale has shrunk.  Wind Statistics shows that as of last Friday and October, the total expenditure of 191 stock ETFs with comparable data has decreased by 163.With 8.6 billion shares, CSI 500 ETFs, GEM ETFs and GEM 50 ETFs and other broad-based ETFs are the “hardest hit areas” for net capital.This week’s stock market crash caused funds to enter the market to rush to raise funds, allowing the stock ETF’s 4-week net redemption to resume recovery.  From the perspective of fund replacement, some broad-based ETFs and consumer ETFs have been reduced by funds.  The GEM index fell 2 on Monday.23%, GEM refers to the market leader E Fund GEM ETF single-day net decline of 2.US $ 5.6 billion, while the net inflow of Huatai Barry, Huaxia’s CSI 300 ETF, while tracking the Shanghai and Shenzhen 300 Index’s net net allowance of up to three.1.9 billion yuan.In addition, the broad-based ETFs such as the Bosch CSI 500 ETF, E Fund Shenzhen S & P 100 ETF and Hua’an GEM 50 ETF also exceeded 50 million yuan in net worth on the day.  Judging from the changes in fund shares, Shenwan Lingshen’s 50 ETF fund shares have changed from zero.6.9 billion copies were reduced to zero.6.2 billion copies, with a single day shrinking by 10.85%; Yinhua SZSE 100ETF, Huian FTSE China A50ETF single-day division shrinkage by more than 5%.  In terms of industry ETFs, Penghua China Securities Liquor ETF, Huitian Fu CSI Bank ETF, China Merchants Shanghai Securities Consumption 80 ETF, Huitian Fu CSI Securities mainly consumes ETFs and other liquors, consumption, and bank stock ETFs have also appeared net capital.  In response to the above changes, the fund manager of the above-mentioned quantitative investment department in Beijing analyzed that since this year, liquor and consumer stocks have risen the most. During the period when the stock market is down, the floating profit changes. It is estimated that the higher plates are more likely to have loose chips.The net decrease in liquor and consumption funds has essentially reflected the investor’s “snack for peace” mentality.  A large public equity fund manager in Beijing also said that after years of investor education and market experience, domestic A-share investors have become more mature.In addition to institutional investors, ordinary investors are also increasingly adept at using investment tools to assist in investment.Because stock ETFs are simple and transparent in operation and flexible in trading, they are more easily recognized by such investors.”Using tools such as stock ETFs to cash in on gains at high levels and collect chips at low levels, professional investors can better achieve their asset allocation goals.”The equity fund manager said.

Zhonghuan (002129) In-depth Research Report: Global Monocrystalline Silicon Material Leader in the Growth of Photovoltaic and Semiconductor Dual Industries

Zhonghuan (002129) In-depth Research Report: Global Monocrystalline Silicon Material Leader in the Growth of Photovoltaic and Semiconductor Dual Industries

Deep accumulation and forge ahead, achieving great strength of monocrystalline silicon materials. The company was formerly known as Tianjin Semiconductor Material Factory in 1958 and was one of the first professional manufacturers of semiconductor materials.

Since its establishment, the company has always focused on the R & D and production of single crystal silicon materials. The deep accumulation of castings has enabled the company to have a deep technical accumulation and understanding of products and processes in terms of single crystal crystal growth, large-size silicon wafers and thinning technology.

Photovoltaic single crystal wafer leader, 12-inch large wafer length market-leading single crystal silicon wafer is currently the highest barrier in the photovoltaic industry, the best alternative layout, the company and Longji shares tied single crystal wafer double faucet.

With the continuous development of affordable online, global photovoltaic demand continues to grow, and overseas installations continue to exceed expectations. It is expected that the average global installation growth rate in 2019 and 2020 can reach 15% -20%.

However, in terms of supply, the expansion of monocrystalline silicon wafer 杭州桑拿网 production is still dominated by leading enterprises, and its competitive advantage has been continuously strengthened.

The company’s Inner Mongolia Phase IV and Phase IV transformation projects have all reached production, and the capacity of photovoltaic monocrystalline silicon materials has reached 30GW.

The fifth phase of the project has been successfully started, and the total production capacity is expected to reach more than 55GW after commissioning.

The company was the first company in the world to release a large 12-inch wafer in August 2019.

The strength proves the company’s deep accumulation in the field of monocrystalline silicon materials, which will further consolidate the company’s competitive advantage.

Pay close attention to the probability of the third transfer of the semiconductor industry and optimize the product structure to achieve leapfrog development. At present, the semiconductor industry is in the process of the third transfer, that is, from South Korea, Taiwan, China to mainland China.

Large semiconductor wafers are currently highly concentrated. The market share of the top five silicon wafer factories exceeds 95%, and there is a potential catch-up opportunity for domestic silicon wafer companies.

The company seized the potential and pushed forward 8-inch and 12-inch silicon wafers.

The company’s 8-inch silicon wafers have been steadily transported, and the 12-inch silicon wafers’ international major customer certification has been steadily progressing.

With more than 8 inches of production capacity expansion and expansion, and 12 inches from customer certification to transformation, the company’s semiconductor business will achieve leapfrog development.

Continue to recommend and maintain the “strongly recommended” rating. Due to the short-term economic downturn in the semiconductor industry, the tight supply of semiconductor wafers has improved, but in the long term, the industry’s uplink and semiconductor wafer localization trends will not change.The net profit in -2021 is 12 respectively.

63 (-1.

09), 17.

29 (+0.

01), 23.

91 (+0.

13) Yuan, the corresponding EPS is 0.

45 (-0.

04), 0.

62 (+0), 0.

86 (+0.

01).

We are optimistic about the firmness of the company’s photovoltaic wafer leader, and the semiconductor business has begun to increase volume, maintaining the “highly recommended” level.

Risk warning: photovoltaic demand is less than expected, semiconductor progress is less than expected

Drink more water to improve blood quality

Drink more water to improve blood quality

Recent experimental studies have shown that drinking plenty of water can effectively improve blood quality in the body.

Blood is a red, viscous liquid that flows endlessly in our blood vessels, becoming the source of human life, constantly renewing cells in the body, maintaining the functions of various tissues and organs, making people full of energy.

  The role of blood is mainly the following: 1.

Transport: The blood transports the nutrients absorbed from the digestive tract and the oxygen inhaled from the alveoli to the cells of all tissues in the body; at the same time, the cardiovascular and other wastes generated by the cell metabolism, such as uric acid, urea, and creatine, are transported toLung, kidney, skin and other excretory organs are excreted from the body.

  2.

Regulation: hormones secreted by the endocrine glands and some biologically active substances produced by other tissue cells must be transmitted to various tissues and organs through the blood to regulate their activity.

  3.

Protection: The blood contains a large number of white blood cells, macrophages, monocytes and various antibodies, complements, has a strong immune function, and transforms into the body’s guardian. It can resist the invasion of various toxic substances in the body and outside.The humoral autoimmune process plays an important role.

  How to keep the blood system healthy and stable?

First of all, we must ensure toxic drinking water, accelerate the metabolism of blood, make toxic substances return to the body quickly, and maintain good blood flow and reasonable mix of ingredients.

Hyperlipidemia, too thick blood, etc. will cause changes in blood quality, which is the root cause of disease.

Usually pay attention to hydration, especially drinking some tea that is beneficial to health, it has a significant effect on reducing blood lipids and improving blood flow in small blood vessels.

Tomato stew with blood and stomach warming

Tomato stew with blood and stomach warming

“Tomato burdock, tomato beef soup . These seemingly simple home-cooked dishes are really not simple in nutrition.

“Experts told reporters,” The two are a perfect match for nutrition. They can both warm up and resist cold, and nourish the body.

“Eating some beef can improve the body’s disease resistance and have a stomach-warming effect; tomatoes are the food that contains the most lycopene and has anti-cancer effects.

  The combination of the two can give play to their own advantages, and more importantly, can enhance the effect of blood.

Beef is rich in iron. After encountering tomatoes, the iron in beef can be better absorbed by the human body, effectively preventing iron deficiency anemia.

When beef stew, add some tomatoes to make the beef rotten again, which is more suitable for middle-aged and elderly friends.

  The method of tomato beef stew is simple: 1.

Wash the beef and cut into pieces, soak it in clean water, skim off the blood foam; 2.

Put an appropriate amount of water in the pot and boil; 3.

4. Add the aniseed, pepper, cinnamon, fragrant leaves and meat into the pot, add the shallot segments, ginger slices, soy sauce, chicken essence, cooking wine; 4.

Finally add the stir-fried tomatoes, simmer them, and add a small amount of salt when they are out of the pan.

Communicate with children with art

Communicate with children with art

How to nurture your children and how to communicate with them unimpeded is an issue that every family and every parent cares about enthusiastically, and this is also a very difficult issue in today’s social environment.

  When parents communicate with their children, they first need to adjust their own psychology. They should imply that: I have such a lovely child. We have to grow up together. We have to face many problems together. We will be happier than others unless we have fun.

  This will build a good foundation for effective communication with your child.

  Facing the difficulties of communication frankly, today’s children were born and grew up with “Sound Optoelectronics”, which is completely different from the receiving system of their parents when they were young.

If parents only use their throats to tell their children what to do, they will feel particularly boring and boring.

Many children today can watch TV, listen to music, and write homework, because he grew up in a home environment with a variety of appliances since he was a child, resulting in the habit of receiving multiple points and skills.

This kind of system stimulation is much stronger and more effective than simple language sign stimulation. Therefore, if parents keep their footsteps and still use the original mode of education to educate their children, they will certainly not arouse the children’s interest. On the contrary, they willIn the eyes of children, parents often become bored symbols; replacement, the emergence of endless high-tech products, has profoundly affected the child’s living environment and thinking habits; today’s children also have the ability to accept international advance consciousness, such asThe knowledge of sexual knowledge may be difficult for parents to educate their children, but the children actually know a lot.

The contradiction of communication is a realistic premise that every parent must face up to.

  Learn to design heuristics Many parents often have a misunderstanding of communication problems, that is, as long as the parents say what the child listens to, this is communication.

Due to the limitations of various factors in their growing up years, parents are poor in educating their children’s language and thinking.

For example, a child refused to say that his mother said six words to herself in one day: “Hurry up, or you will be late for school” in the morning; the second sentence is “how can I have breakfast, or in the morning?”The third sentence is “Be careful when crossing the road, look at the car”, the fourth sentence is “You must work hard at school”, and the fifth sentence is “The lunch at school is not delicious, butYou are growing up and you must eat more “; the sixth sentence is” Do homework after school and don’t worry about watching TV. ”

This day after day, as a child naturally feels bored, but the result is contrary to expectations.

Therefore, as a parent, you should pay attention to the ways and methods of communicating with your children, learn to design questions, and communicate with your children in an interrogative manner. Try not to use declarative sentences, but let your children speak.

“Ask” is an advanced form of communication today. Parents’ questions should also be highly technical, and parents should strengthen in this regard.

  Communication problems need to be concrete. Parents have a habit of being easy-going and careful, but the words they say are particularly empty.

For example, “you have to study hard.”

This language expression is ineffective and unhelpful for children’s education today.

Because these words lack obvious operability, as a child is basically unable to grasp them, it is easy to cause children’s psychological anxiety.

The positive way is to communicate with your child in a gradual and encouraging way through a specific questioning.

It is easier to mobilize the enthusiasm of the child, and can grasp the direction of the child’s thinking and action.

Incorporate children’s action goals into many small steps, each step is specific and relatively easy to achieve the goal, so that they experience the joy of success at each step.

  It is worth noting that parents should pay more attention to their children’s life. This will only reduce the child’s level of life.

Such children are bound to have poor psychological quality, their ability to withstand is greatly weakened, they cannot bear more pressure, and bear more responsibilities.

  A single environment benefits many experiences, resulting in too many gaps in life.

Psychology advocates “empathy” and can only empathize in the same situation.

Many communications must have corresponding experiences before they can understand and be effective. It is difficult for children to just listen to reasoning.

  Creating Diversified Communication Channels Parents cannot fully rely on language communication and should adopt multiple methods.

Children prefer music, so take the music approach and be tempted in order.

Psychologically there is a saying of “oppositional defiance”, that is, the child first changes the attack surface to be his closest person.

Parents need to think carefully about whether something, as a symbol, is unacceptable to their children.

Parents use too many language symbols, and often easily cause rebellious psychology.

And a variety of novel communication methods, maybe birthday cakes, can insert a small flag, “Children I love you”, easy to add fun.

Regular communication methods often fail to attract children’s interest and initiative.

  Fully understand personality types. As a parent, we must recognize both our own personality types and our children’s personality types.

For example, some children are introverted, and some children are more outgoing. These are the nature of the child and are inherently difficult to change.

Because he is such a type.

Personality types can be roughly divided into four categories: driven personality, such people have ideas, ideas, and are more suitable for leadership; analytical personality, like Chen Jingrun, who is more solid, can sit down and study things seriously; expressive personality, I have some advantages, and I am good at using various opportunities to show myself. I am a kind personality who wins with my own qualities, but I do n’t know how to ask others. I often do n’t ask for children when I train my children.It is easier to go wrong.

But all of these are also inseparable from the impact of human growth environment. The most important thing is to cultivate children’s good habits of reading and get influence from them.   Grasping the critical period of life There are several critical periods in a person’s life. Children generally learn language well at the age of 2 and 3-4 years is the critical period to establish authority. If the key is not fully grasped, then the child’s training will beIt takes more thought and energy.

At the corresponding key level, parents should pay attention to strengthening their children’s corresponding abilities. This kind of reinforcement should foster children’s consciousness through encouragement.

  Delightful demonstration of parental life Parents first need to live a more exemplary life themselves. Children want their parents to live a very tasteful life, not outdated.

Their external material and spiritual influences are particularly sensitive.

Parents have their own pursuits and tastes, which can affect their children to a certain extent.

Design your life well, put on good clothes and listen to concerts, and tell your children that only when they are of their own age can they come into contact with elegant things, and give them a psychological touch.

  Pursuing the height and goals of being a parent Do not focus on the education of children’s technical qualifications. In today’s society, high-level education can be obtained at any time, and the true competitiveness of children in the future lies in their own personality.”Winning by quality” lies in whether the child knows how to care for others and for others.

To realize how you feel to others, you must first have someone in your heart.

Many children get too much material enjoyment, often don’t feel to others, become numb and self, and can’t build a good personality after adulthood. In fact, they have eliminated themselves since childhood.

Parents quarrel with child’s poor brain development

Parents quarrel with child’s poor brain development

New UK study finds differences in brain development among parents quarreling children According to a US media report in February, a new British study found that parents always quarreling in front of their children will affect their brain development and may cause children to become more susceptible to mental illness as adults.

Dr. Nicholas Walsh, a psychologist at the University of East Anglia in the United Kingdom, and colleagues studied the brain activity of 58 volunteer volunteers aged 17-19.

Researchers asked participants’ parents to recall family problems experienced by their children from birth to 11 years of age, such as parent quarrels, verbal or physical violence, and apathy or lack of communication among family members.

Researchers have accordingly divided these families into “good families” (less family problems) and “bad families” (except family problems).

It was found that children who had mild to moderate family problems before the age of 11 had relatively small cerebellar parts.

Scientists say the cerebellum is closely related to learning, stress regulation and sensorimotor control.

Small cerebellum in children may lead to a significantly increased risk of developing mental illness in adulthood.

Dr. Walsh pointed out that the impact of domestic violence and other issues on the physical development of children has attracted sufficient attention, and new research has found that poor communication between family members, quarrels, caring, emotional apathy, and tension, etc.It also interferes with key early developments in children’s brains.

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