[Can urticaria eat meat]_ Meat_ Can you eat

銆愯崹楹荤柟鍙互鍚冭倝鍚椼€慱鑲夐_鑳藉悆鍚?
Drilling and squeezing out the rules and the key, you will be able to find out what is going on, what is going on, what is going on, what ‘s going on, what ‘s going on, what ‘s going on, what ‘s going on, what ‘s going on, what ‘s going on, what ‘s going on, what ‘s going on?The global coefficient is the same as the key and the key is set with the umbrella, the craze and the paint are drawn, the effect is drawn, and the key is drawn, and the key is drawn.椴椴灭瓑灏变笉閫傚悎鑽ㄩ夯鐤规偅鑰呴鐢紝杩樿涓€浜涘叿澶囧埡婵€鎬х殑椋熺墿涔熸槸涓嶅彲浠ラ鐢ㄧ殑锛屾墍浠ュ浜庤崹楹荤柟鎮h€呯殑楗闂锛屽ぇ瀹跺彲浠ヤ簡瑙f枃绔犵殑鍐呭銆傝璧风尓鑲夊湪鐩墠鏄瘮杈冨父瑙佺殑锛岀尓鑲夋病鏈変粈涔堢壒鍒殑绂佸繉锛屼富瑕佸氨鏄€傚悎澶у鏁颁汉鐨勫悆锛屾瘮濡傝涓€佸勾鏈嬪弸锛岃繕鏈夊氨鏄竴浜涘効绔ュ瓡濡囷紝閮芥槸鍙互鍚冪尓鑲夌殑锛屼笉杩囩幇鍦ㄧ尓鑲夊綋涓湁涓€浜涙縺绱狅紝鍙兘浼氫笉鍋ュ悍锛屾墍浠ュぇ瀹跺湪閫夋嫨鐚倝鐨勬椂鍊欙紝涓€瀹氳鍚冪簿鑲夛紝鎴栬€呮槸鍚庤吙鑲夛紝杩欐牱鐨勮倝浼氭瘮杈冩湁钀ュ吇浠峰€硷紝浣嗘槸閽堝鑽ㄩ夯鐤圭殑鎮h€呮潵璁诧紝鐚倝鏄惁閫傚悎鑽ㄩ夯鐤圭殑鎮h€呭悆銆傝崹楹荤柟鐨勬偅鑰呮槸鍙互鍚冪尓鑲夌殑锛屽熀鏈笂娌℃湁浠€涔堝ソ绂佸繉鐨勶紝浣嗘槸鎴戜滑瑕侀拡瀵Go to the top of the map and search for the latest version of the key and the key is not correct. Defects or faults are not so good. You can see the version of the key. You can see the version of the key.杩欑绫诲瀷鐨勬偅鑰呭悆鐚倝鍙兘浼氬紩璧蜂竴浜涘壇浣滅敤锛屽韬綋鏈韩涔熸槸涓嶅ソ鐨勶紝鎵€浠ュぇ瀹跺湪骞虫椂瑕佹敞鎰忥紝灏藉彲鑳界殑鎺у埗涓€涓嬨€傜尓鑲夋瘮杈冮€傚悎缁濆ぇ澶氭暟浜哄悆锛屾病鏈変粈涔堝ソ绂佸繉鐨勶紝鍙﹀灏辨槸閽堝涓€浜涜偉鑳栵紝杩樿瀛︾潃姣旇緝楂樼殑浜猴紝鏄笉鍙互鍚冪尓鑲夌殑锛岃崹楹荤柟鐨勬偅鑰呭悆鐚倝鏄湁濂藉鐨勶紝鑳藉鎻愰珮鑷韩鐨勫厤鐤姏绯荤粺锛屽鍔犺韩浣撶殑鎶垫姉鍔涘姛鑳斤紝浣嗘槸閽堝楸奸鑲変笣锛岃繕鏈夊氨鏄伀閿呰倝锛屾渶濂芥槸涓嶈鍘诲悆锛屽彲鑳戒細鍥犱负杈涜荆娌硅吇锛屽紩璧风梾鎯呭姞閲嶃€傜尓鑲夌殑Hot pots and pans and pans and pans and pans and pans and pans and pans and pans and pans and pans and pans and pans and pans and pans and pans and pans.垏鎴愬ぇ鍧楋纴鎴栬€呮槸鑲夌墖鍎匡紝鏀惧湪閿呬腑锛屼笉鏂殑缈荤倰锛屽洖閿呰倝鐨勫懗閬撴洿鏉捐蒋涓€浜涳紝鏈€涓昏鐨勬槸鑳藉鏇村鏄撹浜烘帴鍙楋紝婊戝鍙彛锛岄潪甯哥殑缇庡懗锛岃繕鏈夊氨鏄瘮杈冨父瑙佺殑涓滃潯鑲夛紝姊呰彍鎵h倝锛岄兘鏄潪甯稿父瑙佺殑缇庨銆傜尓鑲夊湪鐩墠纭疄姣旇緝甯歌锛屽緢澶氫汉涔熼兘鏄瘮杈冪埍鍚冪殑锛屼絾鏄垜浠鐭ラ亾锛屽悆鐚倝鍜屽苟涓嶆槸閭d箞绠€鍗曠殑锛屾垜浠鐭ラ亾浠€涔堟柟娉曪紝鍚冧綇閮藉彲浠ワ紝骞朵笖瑕佷簡瑙f竻妤氱尓鑲夌殑涓€浜涙寫閫夋柟娉曪紝鏈€濂芥槸涓嶈闅忎究鍘诲悆鐨勩€?

[Diet taboos for wormwood egg brown sugar water]_how to do _what to pay attention to

[Diet taboos for wormwood egg brown sugar water]_how to do _what to pay attention to

Wormwood egg brown sugar water is a relatively good health food, especially for women, it has a good health care effect, for the palace cold, has a certain preventive effect on irregular menstruation, we know that artemisia leaves haveThe effect of warming the house to stop bleeding is very good for women to help them produce better eggs.

Of course, when drinking mugwort brown sugar egg water, you should also understand some taboos. If the yin deficiency and blood are weak, you should use it less or not.

Mugwort egg brown sugar water diet taboos with yin deficiency and blood heat should be used with caution.

Elemental body yin deficiency, or blood loss and yin loss, multiple breasts, loss of essence and blood, or excessive thinking, dark consumption of yin, deficiency of yin and blood, deficient heat endogenous, thermal disturbance, unsteady, unable to penetrateMenstrual blood, leading to menstruation earlier.

It often occurs in yin deficiency of the body, history of blood loss, history of chronic illness and injury, and history of prolific birth.

Yin deficiency and blood heat are mostly caused by the loss of body fluids or internal consumption caused by yin deficiency, yin does not control the yang, resulting in strong heat evil, invading blood, and becoming blood fever, which can occur in excess, excessive sweating does not make up for water, prolonged thirst,Dehydration, or over-heating foods, and certain medications are also found in chronic chronic wasting diseases, or mental anxiety.

That is, the menstrual period is advanced, and the menstrual flow is small; people with a history of blood loss, many breeders, or people who often feel very anxious and have a long history of taking medicines are better not to eat wormwood brown sugar eggs.

There is also a case of patients with high fever. Do not eat wormwood brown sugar eggs. Patients with nephritis have reduced renal function. When urine output decreases, they should also take wormwood brown sugar egg sugar with caution. Patients with liver and biliary disease should control the amount of egg paste according to the condition, so it is best notEat mugwort brown sugar eggs, patients with protein allergies, some patients with allergies should not eat mugwort brown sugar eggs.

Mug Leaf Brown Sugar Egg Practice 1.

First, go to the pharmacy to buy a pack of mugwort, which is usually available in larger pharmacies2.

Take a small handful of artemisia leaves (about 15 grams) every day and put them in cold water, first boil them with martial arts, and then cook for 15 minutes with gentle heat.

Then extract the wormwood leaves (or remove them) 3.

Don’t turn off the fire, beat an egg into the hot wormwood water (you can also cook the egg and shell it first), then add brown sugar (now the supermarket sells ginger brown sugar, mother mother brown sugar, I use gingerJuice brown sugar, it should be a little better than Pu brown sugar, because ginger is also warming up) 4.

When the eggs are done, turn off the heat and eat out of the pan.

While it’s hot.

I drink a bowl (including eggs) every day

[Efficacy and role of Jiangmi]_Jiangmi_Benefits_Inevitable

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[Eggs and watermelon]_Chicken_Can you eat it together

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Juewei Food (603517): Performance exceeded expectations and continued rapid store opening trend in the second quarter

Juewei Food (603517): Performance exceeded expectations and continued rapid store opening trend in the second quarter
Event: 2019H1 company realized revenue 24.90 ppm, an increase of 19 years.42%; net profit attributable to mothers3.96 ppm, an increase of 25 in ten years.81%.Among them, 2019Q2 achieved revenue of 13.36 杭州桑拿 ppm, an increase of 19 years.24%; realize net profit attributable to mother 2.15 ppm, an increase of 30 in ten years.77%. Stores maintained rapid growth in the second quarter, and strong same-store growth in the first half.In 2019H1, the company opened a total of 10,598 stores across the country, a net increase of 683 compared to the end of 2018, and a net increase of only 406 in the first half of last year.Due to the failure to achieve 10,000 stores at the end of last year, the company’s overall store opening pace has moved forward this year, with overlapping store opening preferential policies. The increase in the number of domestic stores has been completed as planned.In the case of faster opening of stores in the first quarter, there was a net increase of more than 300 stores in the second quarter, maintaining a relatively fast opening rate.The average number of stores in H1 2019 is 10257, an increase of 10 per year.8%; We use the main income to approximate the sales income of halogenated foods (more than 97%), and calculate the average sales growth of stores in H1 2019.5% to 23.70,000 yuan.The acceleration of single store growth in the first half of the year was mainly due to the increase in full sales promotion efforts, which was also the result of the combined effects of local promotion and online marketing.Jiao Youwei terminated the opening of more than 30 stores at the end of June, contributing some revenue in the first half of the year. It has now opened to A-type franchisees and is expected to open about 200 stores. Sofia’s investment income increased to cushion the pressure of cost growth, and the expense ratio maintained a downward trend.The gross profit margin in the second quarter of 2019 decreased year by year1.36 to 35.03%, mainly due to fluctuations in the cost of raw materials. The increase in full sales promotion has also slightly affected the gross profit margin.Due to rising duck prices, the company’s 28% stake in Sefia achieved a net profit of 0 in the first half.67 trillion, compared with 0 in the same period last year.150,000 yuan, the company’s 2019Q2 investment income was 14.48 million yuan, -281 million yuan in the same period last year.The sales / management (including R & D) / financial expense ratio of the company in Q2 2019 is half a year-0.19 / -1.44 / + 0.90 to 9.00% / 5.12% / 0.85%.Among the selling expenses, transportation expenses, employee compensation and leasing expenses increased significantly, and the publicity expenses fell 44%, mainly due to the decrease in third-party media investment, and the growth rate of selling expenses decreased to revenue.Management costs are well controlled, and the overall cost is basically flat every year.The increase in the financial expense ratio was mainly due to the increase in interest expenses on the issuance of convertible bonds.Taken together, the company’s net interest rate increased by 1 in Q2 2019.48 to 15.91%. Profit forecast: As a leader in leisure halogen products, the company uses management capabilities and supply chain advantages to establish channel barriers and has a wide and broad sinking space.2019 salt and pepper flavor is expected to enter the store expansion period, becoming the company’s new growth point.In the first half of the year, the company’s cumulative membership registration exceeded 50 million. At the same time, a wholly-owned subsidiary was established in Japan to accelerate the expansion of overseas business.Benefiting the duck meat breeding foundation is better, the raw material cost pressure is expected to decrease in the second half of the year.Due to the earlier pace of opening stores and the issuance of convertible bonds this year, we adjusted our profit forecast and estimated that the company’s revenue for 2019-2021 will be 50.99, 58.89, 67.5.5 billion yuan, the net profit attributable to mothers was 7.93, 9.60, 11.5.7 billion, with EPS of 1.38, 1.67, 2.02 yuan, corresponding to PE is 30 times, 25 times, 21 times, maintaining the “buy” level. Risk Warning: The price of raw materials has risen sharply; channel expansion has fallen short of expectations; food safety incidents

[Garlic peanut hazards]

銆愯挏棣欒姳鐢熷嵄瀹炽€慱鍧忓_褰卞搷
鑺辩敓杩樺彨鍋氳惤鑺辩敓锛屾槸鐢熸椿涓瘮杈冨父瑙佺殑涓€绉嶉鐗╋紝鑺辩敓钀ュ吇鍗佸垎鐨勪赴瀵岋紝鑺辩敓鍙互椋熺敤锛屽彲浠ユΘ娌癸紝鑺辩敓涔熸槸涓€鍛充腑鑽潗銆傜粡甯稿悆涓€浜涜姳鐢熷鑴捐儍涓嶅悎锛屽挸鍡界棸鍠橈紝浜у涔虫眮缂哄皯閮芥湁鏄庢樉鐨勪綔鐢紝灏ゅ叾鏄惀鍏讳笉鑹殑浜猴紝鐗瑰埆閫傚悎鍚冧竴浜涜姳鐢熴€傝姳鐢熺殑鍋氭硶姣旇緝澶氾紝钂滆搲棣欒姳鐢熸槸涓€绉嶄汉浠枩娆㈢殑椋熺墿銆?Contradictions and controversies, controversial and controversial issues, and controversial issues: unreliable, unrestricted, unclear, unclear, unremarkable, unclear, unclear, unclearWhat’s the difference? What’s the difference? What’s the difference?(250g) 銆 佽 涏 擶?(50g) 銆 佸 叓 nau?(閫傞噺)鍋氭硶锛氬噯澶囧ソ钂滐紝灏嗗ぇ钂滃墺鐨鐢ㄣ€傝姳鐢熸礂鍑€锛屾场5鍒嗛挓銆傛播骞叉按鍒嗐€傜倰閿呬笅娌广€傚湪鍐锋补鍐烽攨涓嬫斁鍏ヨ姳鐢熺背锛岀敤灏忕伀缈荤倰銆傜倰鍒拌姳鐢熷井寰彂鐑紝鏀惧叆澶ц挏璺熷叓瑙掔户缁笉鍋滅殑缈荤倰锛屽緟鑺辩敓鐨井绾㈠嵆鍙€傚垰瑁呰捣鏉ョ殑鑺辩敓鍚冭捣鏉ヤ笉浼氳剢鐨勶紝鎶婅姳鐢熻骞冲簳鐩樹腑鍐峰嵈銆傚緟鑺辩敓鍐峰嵈浜嗗悆璧蜂簡灏辨槸閰ヨ剢鐨勪簡锛岃繖鏄拻涓婄粏鐩愶紝鎼呮媽鍧囧寑锛屽悆璧锋瘮杈冧笉涓婄伀锛岃€屼笖鏇撮銆傝姳鐢熺殑椋熺敤鍔熸晥1We are in a state of collapse, and we are intricately debating and arguing about it. We are going to go to the top of the world, and we are going to cross the borders, and we will talk about each other, crashing and crashing.敓闀镶层€?銆佸仴鑴戠泭鏅猴細鑺辩敓铔嬬櫧涓惈鍗佸绉嶄汉浣撴墍闇€鐨勬皑鍩洪吀锛屽叾涓禆姘ㄩ吀鍙娇鍎跨鎻愰珮鏅哄姏锛岃胺姘ㄩ吀鍜屽ぉ闂ㄥ啲姘ㄩ吀鍙績浣跨粏鑳炲彂鑲插拰澧炲己澶ц剳鐨勮蹇嗚兘鍔涖€?銆佸欢缂撹“鑰侊細鑺辩敓涓墍鍚湁鐨勫効鑼剁礌瀵逛汉浣撳叿鏈夊緢寮虹殑鎶楄€佸寲鐨勪綔鐢紝璧栨皑閰镐篃鏄槻姝㈣繃鏃╄“鑰佺殑閲嶈鎴愬垎銆傚父椋熻姳鐢燂紝鏈夌泭浜庝汉浣撳欢缂撹“鑰侊紝鏁呰姳鐢熷張鏈夆€滈暱鐢熸灉鈥濅箣绉般€?銆佹鼎鑲烘鍜筹細娑﹁偤姝㈠挸鑺辩敓涓惈鏈変赴瀵岀殑鑴傝偑娌广€佸彲浠ヨ捣鍒版鼎鑲烘鍜崇殑浣滅敤锛屽父鐢ㄤ簬涔呭挸姘斿枠锛屽挴鐥板甫琛€绛夌梾鐥囥€?銆佹琛€锛氬嚌琛€姝㈣鑺辩敓琛d腑鍚湁娌硅剛鍜屽绉嶇淮鐢熺礌锛屽苟鍚湁浣垮嚌琛€鏃堕棿缂╃煭鐨勭墿璐紝鑳藉鎶楃氦缁磋泲鐧界殑婧惰В锛屾湁淇冭繘楠ㄩ珦鍒堕€犺灏忔澘鐨勫姛鑳斤紝瀵瑰绉嶅嚭琛€鎬х柧鐥咃紝涓嶄絾鏈夋琛€鐨勪綔鐢紝鑰屼笖瀵瑰師鍙戠梾鏈変竴瀹氱殑娌荤枟浣滅敤锛屽浜轰綋閫犺鍔熻兘鏈夌泭銆傗€?銆 侀 檷 髷 座 卲 唲 鍲 唧 唲 Hon 唲 尶 槶 姝 姝 將 將 哇 铺 尺 尌 哌 閰 薰 腑 腑 钖  ょ ぇ 詑 腑 钖  ぇ 訰 姰 駰 菰 鍰 到 鈰 鰰 鈾 鈰 鰰  氰 氙  氰 菰 鈰 鈰 鈰 鈰 戰 鈰 戰 鈰 氙 Hongzerouwu В Juanhongbincha Xing Miezu Qipihuanqin  Mosuoxinwei Qiangbinqiehong Zeshi ang Hong Wanqimengzhou  Renfugangan Zhashanbinqie Hongzehuzhi Lailianhongxi锛岃兘澶熼槻姝㈠啝蹇冪梾鍜屽姩鑴夌‖鍖栥€傚彟澶栵紝鑺辩敓涓惈鏈変竴绉嶇敓鐗╂椿鎬у緢寮虹殑澶╃劧澶氶厷绫荤墿璐ㄢ€旂櫧钘滆姦閱囷紝鍙闃茬檶鐥囩殑鍙戠敓鍙婂彂灞曪紝鍏锋湁鎶楀姩鑴夌播鏍风‖鍖栧拰鍐犲績鐥咃紝缂鸿鎬у績鑴忕梾锛岄珮琛€鑴傜殑闃叉不浣滅敤銆?銆佸吇琛€閫氫钩锛氭粙琛€閫氫钩鑺辩敓涓惈涓板瘜鐨勮剛鑲补鍜岃泲鐧借川锛屽浜у悗涔虫眮涓嶈冻鑰咃紝鏈夋粙琛ユ皵琛€锛屽吇琛€閫氫钩浣滅敤銆?銆侀槻鐧岋細鑺辩敓绾ょ淮缁勭粐涓殑鍙憾鎬х氦缁磋浜轰綋娑堝寲鍚告敹鏃讹紝浼氬儚娴风坏涓€鏍峰惛鏀舵恫浣撳拰鍏朵粬鐗╄川锛岀劧鍚庤啫鑳€鎴愯兌甯︿綋闅忕勃渚挎帓鍑轰綋澶栥€傚綋杩欎簺鐗╀綋缁忚繃鑲犻亾鏃讹紝涓庤澶氭湁瀹崇墿璐ㄦ帴瑙︼紝鍚稿彇鏌愪簺姣掔礌锛屼粠鑰岄檷浣庢湁瀹崇墿璐ㄥ湪浣撳唴鐨勭Н瀛樺拰鎵€浜х敓鐨勬瘨鎬т綔鐢紝鍑忓皯鑲犵檶鍙戠敓鐨勬満浼氥€?

[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
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[Can gallbladder polyps drink honey]_ bee sugar _ how to eat

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Shanxi Fen Liquor (600809): Brand Kneading Drives Accelerate National Expansion

Shanxi Fen Liquor (600809): Brand Kneading Drives Accelerate National Expansion

1H19 results are in line with our expected 1H19 results: revenue 63.

770,000 yuan, an increase of 26 in ten years.

5%; net profit attributable to mother 11.

90,000 yuan, corresponding profit 1.

37 yuan, a year-on-year increase of 27%, in line with our expectations.

The company’s advance receipts amounted to 14.

80,000 yuan, an annual increase of 80.

6%, more than we expected.

Among them, 2Q19 income was 23.

2 ppm, an increase of 28 in ten years.

7%; net profit attributable to mother 3.

1.3 billion, an annual increase of 37.

7%, in line with our expectations.

Development Trend The company’s core management team received equity incentives, which is the company’s mechanism advantages and brand advantages gradually transformed, and gradually formed the basis of national expansion.

With the gradual 杭州夜网论坛 improvement of the company’s channel operation and brand operation capabilities, we believe that the company’s high growth is sustainable.

We expect the company’s total revenue to increase cocoa in 2019/2023.

8/19.

1% to 116.

14/138.

3.6 billion, and the proportion of revenue outside the province may further increase.

The company began to increase its spending on Bofen to further increase its national influence.

We expect Bophin’s sales volume to replace 20% annually in 2019/20, with revenue reaching 28.

94/35.

07 billion, revenue accounted for more than 25%.

The company is supporting Bofen in the channel scale, and the advertising costs have greatly increased. The advertising costs of the company in 1H19 amounted to 8.

08 million yuan, an increase of 38 in ten years.

4%, market expansion costs 17.

400 million, an increase of 189% in ten years.

We believe that the company’s unique advantages in the field of fragrance have begun to spread through cost-effective products, and the consumer base can be expanded.

With the upgrading of mass consumption, we believe that Bofen can gradually become a super single product with the company’s clear strategic support.

We believe that there is still room for significant improvement in the company’s profitability, and we expect the sales expense ratio to reach 20 in 2019.

4%.

But to reduce the increase in scale effect, we believe that the decline in the sales expense ratio from 2020-2022 and keep the profit growth at 20?
30%.

Earnings Forecasts and Estimates We have made minor adjustments to earnings forecasts.

As the estimated hub moves upwards, we raise our target price by 17.

4% to 81 yuan, corresponding to 35/28 in 2019/20.

8x P / E.
The current contradiction corresponds to 30 in 2019/20.
The price-earnings ratio is 4/25 times and the target price is 15.

3% upside, maintain Outperform rating.

Risks If channel profits are not stable, then nationalization may be hindered.

Ren Zeping: Comparison of Sino-US Economic Strength

Ren Zeping: Comparison of Sino-US Economic Strength

For stocks, please read Jin Qilin analyst research report, authoritative, professional, timely, and comprehensive, to help you tap potential potential opportunities!

  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