The top priority of employment in colleges and universities is Guanlan.

  This year, the number of college graduates nationwide exceeded 10 million for the first time. At the same time, the impact of the COVID-19 epidemic continues, and the employment situation is very severe and complicated. This incident touched the heart of the Supreme Leader General Secretary. During his visit to Sichuan, he came to Yibin College to focus on the employment situation of graduates.

Click to listen to the audio version of Tide Head Guanlan.

  Very concerned at the critical stage

  Employment is the foundation of people’s livelihood. In May 2013, when General Secretary of the Supreme Leader visited Tianjin, he made a special trip to investigate the employment of college students. The general secretary had a cordial conversation with recruiters and college students, and had a discussion with college graduates and other representatives, demanding that the youth employment work with college graduates as the focus should be earnestly done.

  In 2020, the epidemic broke out in COVID-19. In February of that year, at the deployment meeting to promote epidemic prevention and control and economic and social development, the general secretary specifically emphasized that "we should pay attention to the employment of college graduates and make overall plans for graduation, recruitment, examination and other related work, so that they can graduate smoothly and get employment as soon as possible."

  In July of that year, the General Secretary visited FAW Group. I heard that there were several college students who graduated that year, and the general secretary was concerned about the inquiry.

△ These are several college students who were on the scene at that time and joined FAW Group in 2020. (Photographed by CCTV reporter Lu Xinyu)

  At the end of last year, at the Central Economic Work Conference, the General Secretary once again stressed that the employment problems of young people such as college graduates should be solved and the flexible employment and social security policies should be improved.

  At present, it is the key stage of college graduates’ employment. Around the "100-day sprint", relevant departments are focusing on a series of special actions such as recruitment, visiting enterprises to expand their posts, enrolling all enterprises in schools, employment guidance, and precise assistance.

  During the inspection tour of Yibin University, the General Secretary stressed that in order to further tap the post resources and provide detailed employment guidance services, schools, enterprises and relevant departments should do a good job in the implementation of student employment contracts, especially focusing on poverty-stricken families, low-income families, zero-employment families and disabled college graduates who have not been employed for a long time.

  "Although the road of life is long, there are often only a few steps at stake, especially when people are young." Give a hand, give a hand, and convey warmth and strength.

  Message to graduates: "Keep an honest heart"

  To solve the problem of college students’ employment, it is also necessary for college students to change their employment concept.

  In July, 2020, General Secretary of the Supreme Leader wrote back to the graduates of Karamay Campus of China Shiyou University. Knowing that 118 students will go to work at the grassroots level in Xinjiang after graduation, the general secretary said, "I support this life choice you have made."

  In May 2013, when the General Secretary visited Tianjin, he encouraged contemporary college students to be ambitious and down-to-earth, to change their concept of choosing a job, to proceed from reality, to be brave in going to the grassroots and hard places, to take the road of life step by step, and to be good at creating extraordinary achievements in ordinary posts.

  This is the earnest message of the general secretary and his practice. In May, 2014, the General Secretary talked with Peking University’s teachers and students about the choice of going abroad and working when he was young, but in the end, the idea of "wanting to do something" made him choose to stay at home and work for the country and people. "A life with faith, dreams, struggle and dedication is a meaningful life."

△ Yibin College, the students who participated in the employment and entrepreneurship promotion activities of the 2022 graduates took a group photo. (Photographed by Li Jin, a reporter from Taiwan)

  This time in Yibin College, the general secretary told the students that a happy life is created by labor. Everyone should keep a down-to-earth heart, look at personal conditions and social needs objectively, choose occupations and jobs from reality, love labor, be down-to-earth, and grow up step by step in practice.

  As the general secretary said, "As long as there is ambition, there will be a career, and as long as there is skill, there will be a stage."

  Innovation and entrepreneurship: running hard on the track of youth

  In May 2013, when General Secretary of the Supreme Leader visited Tianjin, he asked relevant departments to increase support for college graduates to start their own businesses, so as to enhance students’ ability of employment, entrepreneurship and career change.

  At present, China has held eight consecutive "internet plus" College Students’ Innovation and Entrepreneurship Competition, promoting innovation to lead entrepreneurship and entrepreneurship to promote employment. In August 2017, the General Secretary wrote back to the college students who participated in the "Youth Red Dream Tour" of the Innovation and Entrepreneurship Competition, encouraging them to "take root in China to understand the national conditions and people’s feelings, and grow their wisdom and talents in innovation and entrepreneurship".

  In April 2016, the General Secretary once again called for innovation and entrepreneurship at the symposium of intellectuals, model workers and youth representatives.

△ Yibin College, green grass. (Photographed by Li Jin, a reporter from Taiwan)

  In May this year, the General Office of the State Council issued the Notice on Further Improving the Employment and Entrepreneurship of Young College Graduates, which clearly stated that self-employment and flexible employment were supported, and one-time entrepreneurship subsidies, business guarantee loans and interest subsidies, tax reduction and exemption, social insurance subsidies and other policies were given according to regulations.

  Young people are always new, most enthusiastic and motivated to innovate. During a recent inspection tour at Renmin University of China, the General Secretary encouraged the students to be pioneers and strive to be pioneers in the new process of building a socialist modern country in an all-round way.

  In the college graduation season, youth never leaves. Every student will start a two-way journey of life and ideal under the warm eyes.

  Producer: Shen Yong Zhao Xuehua Gong Xuehui

  The main author is Randy.

  Broadcast Zhi Peng

  Audio production Li Chenyu

  Editor-in-Chief Yu Zhenyi

  Visual sense, Chen Kuo, Zhang Jing

Well-known private enterprises in the country helped Liaoning to revitalize in an all-round way, and the high-end summit opened. Hao Peng Xu Lejiang, Li Lecheng and Zhou Bo attended.

  Reporter Shi Dongbai from Qi Wang, Fang Liang reported that on August 3rd, a high-end summit for Liaoning’s comprehensive revitalization and new breakthroughs was held in Shenyang. Hao Peng, Secretary of the Provincial Party Committee and Director of the Standing Committee of the Provincial People’s Congress, delivered a speech; Xu Lejiang, Vice Minister of the United Front Work Department of the Central Committee and Party Secretary of the All-China Federation of Industry and Commerce, delivered a speech; Li Lecheng, Deputy Secretary of the Provincial Party Committee and Governor, made a keynote presentation; and Zhou Bo, Chairman of the Provincial Political Consultative Conference, attended the summit. Nan Cunhui, Chairman of Zhengtai Group Co., Ltd., Qi Xiangdong, Chairman of Qi Anxin Technology Group Co., Ltd., Chen Jianhua, Chairman of Hengli Group Co., Ltd. and Liu Jiren, Chairman of Neusoft Group, spoke respectively. Nearly 900 well-known private entrepreneurs from all over the country attended the summit.

  Hosted by the provincial government and the All-China Federation of Industry and Commerce, this high-end summit will focus on the theme of "well-known private enterprises entering Liaoning to help revitalize new breakthroughs", and set up a platform to promote Liaoning, publicize Liaoning and promote cooperation by holding the opening ceremony and special activities such as advanced manufacturing, agricultural industry, new energy industry, cultural tourism industry and metallurgical new material industry, aiming to let all parties fully understand the strong advantages, major business opportunities and bright prospects of Liaoning’s revitalization and development, and stimulate the enthusiasm of private entrepreneurs to invest in Liaoning, innovate and start businesses.

  In his speech, Hao Peng, on behalf of the provincial party committee and the provincial government, congratulated the summit, welcomed all the distinguished guests, and expressed gratitude to the All-China Federation of Industry and Commerce and people from all walks of life who have long cared for and supported the revitalization and development of Liaoning. He said that since the 18th National Congress of the Communist Party of China, the CPC Central Committee with the Supreme Leader as the core has attached great importance to the development of the private economy, and the General Secretary of the Supreme Leader has made important instructions on many occasions, emphasizing "two unwavering" and "three unchanged" and clearly demanding to promote the healthy and high-quality development of the private economy. Not long ago, the CPC Central Committee and the State Council issued the Opinions on Promoting the Development and Growth of Private Economy, proposing to support private enterprises to invest and develop in Northeast China. This is an important deployment made by the CPC Central Committee with a view to promoting regional coordinated development, a strong signal to encourage private enterprises to participate in the national strategy, and a policy guide to further support the revitalization and development of Northeast China. The high-end summit was held at the right time, which not only built a solid platform for private enterprises to participate in the revitalization and development of Liaoning, but also created a good opportunity for private entrepreneurs to exchange and cooperate.

  Hao Peng said that Liaoning, with its profound background and unique advantages, welcomes all of you to seek common plans for cooperation. Liaoning has a solid industrial base, complete industrial categories, great power and heavy equipment integration, and profound industrial heritage and innovative resources; The location advantage is outstanding, and it is located in the core of the Northeast Asian economic circle, which is an important node in the construction of the "Belt and Road"; Rich in scientific and educational resources, the university compound is largely concentrated, and the quality of industrial workers is high. This solid foundation, unique advantages and great potential make Liaoning’s high-quality development full of confidence and motivation. Entrepreneurs combine their own strengths with Liaoning’s advantages, which will surely enable enterprises to continuously step onto a new level of high-quality development.

  Hao Peng said that Liaoning, which is poised for growth, expects everyone to share development opportunities. We thoroughly implemented the spirit of the important instructions of the General Secretary of the Supreme Leader, and made every effort to implement the three-year action of comprehensive revitalization and new breakthroughs. The economic growth continued to consolidate and the overall recovery improved. Today’s Liaoning contains a vast space for cooperation. We are speeding up the construction of a modern industrial system, focusing on building three trillion industrial bases and 22 key industrial clusters, and creating a regional scientific and technological innovation center with national influence, with many cooperation scenarios that are highly compatible with various business entities. Today’s Liaoning presents a good situation of accelerating the agglomeration of various elements. Central enterprises, private enterprises and foreign enterprises come to Liaoning intensively to discuss, sign contracts and lay out, a number of high-quality major projects have been signed and landed, and capital talents have been accelerated. Liaoning is becoming a fertile ground for innovation and entrepreneurship.

  Hao Peng said that Liaoning, which has a good environment and is open and inclusive, sincerely invites everyone to create a better future. Party committees and governments at all levels in Liaoning have always been the strong backing of the private economy, treating private enterprises and entrepreneurs as their own, continuously optimizing the policy environment, the rule of law environment and the service environment, accelerating the creation of an "upgraded version" of the business environment, and creating a market-oriented, rule-of-law and international first-class business environment, which has provided stable expectations for all types of business entities to become bigger and stronger. Do everything possible to ensure the demand of enterprise factors, protect the legitimate rights and interests of entrepreneurs according to law, build an honest government, and strive to build a pro-Qing political and business relationship, so that everyone can feel at ease in investing, starting a business, developing smoothly and living comfortably in Liaoning. Choosing Liaoning means choosing opportunities, and investing in Liaoning means investing in the future. We sincerely invite entrepreneurs and friends to visit Liaoning more often, feel the positive changes and vigorous vitality of this hot land, and come here to invest in business, innovate and start a business, live and buy a home, and expand business opportunities and win-win development with Liaoning.

  On behalf of the All-China Federation of Industry and Commerce, Xu Lejiang congratulated the summit. He said that the National Federation of Industry and Commerce and the Liaoning Provincial Government co-hosted the summit at a time when the whole country was studying, propagating and implementing the spirit of the 20th Party Congress and the whole party was carrying out in-depth education on the theme of studying and implementing the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, which was to implement the important speech and instructions of the General Secretary of the Supreme Leader on the revitalization and development of Northeast China and Liaoning with practical actions, implement the important decision-making arrangements of the CPC Central Committee and the State Council on the development of Northeast China and Liaoning, and promote the implementation of various policy measures. It is hoped that the vast number of private enterprises will firmly develop their confidence, firmly grasp the current general trend of economic development, unify their thoughts and actions with the scientific judgment of the CPC Central Committee on the economic and social development situation, deeply understand the decision-making arrangements of the CPC Central Committee’s unwavering support for the development of the private economy, eliminate concerns, lay down burdens, boldly develop, and adhere to the road of high-quality development. We should carry forward the spirit of outstanding entrepreneurship, arm our minds with new development concepts, take scientific and technological innovation as the main driving force, take the initiative to benchmark the standards of world-class enterprises, improve the governance level of modern enterprises, carry forward the excellent traditional Chinese culture, actively lead small and medium-sized enterprises to develop together, actively fulfill their social responsibilities, and be a model of patriotism, dedication, law-abiding management, entrepreneurial innovation and return to society. It is necessary to seize the opportunity, actively respond to the national strategy, actively support the revitalization of Northeast China and Liaoning, further combine the advantages of enterprises with the advantages of Liaoning’s resource endowment, and realize the high-quality development of their own enterprises while helping Liaoning to achieve new breakthroughs in all-round revitalization.The All-China Federation of Industry and Commerce will, as always, pay attention to Liaoning’s development and provide support for promoting high-quality economic and social development in Liaoning and achieving new breakthroughs in all-round revitalization.

  In his keynote presentation, Li Lecheng said that Liaoning is a good place with splendid culture, livable ecology, vitality and full of opportunities, with its beautiful mountains and seas, rich history and rich people. Today’s Liaoning, unswervingly following the direction of the Supreme Leader’s General Secretary, is fully implementing the three-year action of comprehensive revitalization and new breakthrough. The economic growth has been continuously consolidated, the overall rebound has improved, the momentum of high-quality development has become stronger, and the expectations of the outside world have been continuously improved. It is becoming a highland for innovation and entrepreneurship and a hot spot for investment and development. Sail at the right time and join hands in the future. Liaoning will base itself on a solid industrial foundation and do a solid job in the "three major articles" of structural adjustment; Give full play to the advantages of science and education resources and strive for a regional scientific and technological innovation center with national influence; Highlight the unique characteristics of culture and build a strong province of cultural tourism in an all-round way; Make good use of resource endowment and accelerate the construction of a strong agricultural province and a large food industry province; Relying on the unique geographical conditions, we will make every effort to create a new frontier for opening up. We must unswervingly consolidate and develop the public sector of the economy, unswervingly encourage, support and guide the development of the non-public sector of the economy, continuously optimize the business environment, make a good combination of policy support, be a good guardian of fair competition, be a good booster for enterprise development, and build a bridge of cooperation between government and enterprises, so as to make generate, a business entity of all kinds, more dynamic and better develop. We warmly welcome entrepreneurs to pay attention to Liaoning, choose Liaoning and invest in Liaoning, show their talents and make contributions in deeply participating in Liaoning’s revitalization and development practice, expand cooperation space, achieve win-win cooperation, and work together to show greater responsibility and achievements in the revitalization of Northeast China in the new era.

  A centralized project signing ceremony was held at the opening ceremony. Twenty-four projects were signed on site, covering shared energy storage, lithium batteries, hydrogen energy, equipment manufacturing, agricultural aquaculture, digital economy, new chemical materials and other fields, with an investment of 63.4 billion yuan. At this summit, 147 projects will be signed with a total investment of 143.5 billion yuan.

  An Lijia and Shou Zi Qi, vice-chairmen of the All-China Federation of Industry and Commerce, Zhang Jian, vice-chairman of Hunan Provincial Political Consultative Conference and chairman of the Federation, Zhao Dejiang, member of the Party Committee and Secretary General of the All-China Federation of Industry and Commerce, relevant responsible comrades of the United Front Work Department of the Party Committee of 16 provinces, autonomous regions and municipalities, relevant leaders of the Standing Committee of the Provincial People’s Congress, the provincial government and the Provincial Political Consultative Conference, principal responsible comrades of party and government in various cities, and principal responsible comrades of relevant units in provinces (central) attended the summit. Hu Lijie, member of the Standing Committee of the Provincial Party Committee and Minister of the United Front Work Department, presided over the summit.

[Belt and Road] Walking on Chang ‘an Avenue: Feel the blending of history and modernity

  Cctv news: Chang ‘an Street in Beijing, known as "the first street in China", on the eve of the "Belt and Road" international cooperation summit forum, the CCTV aerial report team used drones to have a bird’s eye view of Chang ‘an Street in the air, and felt that history and modernity complemented each other here.

  The eastern section of Chang ‘an Avenue, a piece of beijing central business district, is the headquarters of many Fortune 500 companies in China, the cradle of numerous small and medium-sized enterprises’ entrepreneurship and growth, and the vibrant area of Beijing.

  Chang ‘an Avenue is north of guomao bridge. Now you can see the Chinese statue under construction, which will become the tallest landmark building in Beijing after completion. At present, its building height has exceeded 500 meters.

  Adjacent to China Zun is the Guanghua Road office area of CCTV. On May 14th and 15th, when the "Belt and Road" international cooperation summit forum is held, all the live broadcast signals from the venue will gather here, and then CCTV channels will report the grand event for the first time.

  From east to west, follow our lens, and now we come to Jianguomen overpass on Chang ‘an Avenue, which connects Beijing’s Second Ring Road. The traffic is busy, and there is an ancient city wall in the southwest corner of the overpass, which is the ancient observatory of Beijing. It is one of the oldest observatories in the world, which was founded in the Ming Dynasty. These eight astronomical instruments not only have the traditional characteristics of China in modeling and ornamentation, but also reflect the progress and achievements of western astronomical instruments after the Renaissance in terms of scale and structure. This is an example of cultural exchange between the East and the West.

  Chang ‘an Street has witnessed the passage of time and historical changes. The Beijing Telegraph Building, located at No.11 West Chang ‘an Avenue, was once the first new telegraph building in New China. Until today, its bell will still ring when it strikes the hour. People used to send and receive telegrams and make long-distance calls here. However, with the development of communication, it is now possible to connect with the world by a mobile phone without leaving home. The telegraph building has become a historical witness of the rapid development of communication in China.

  继续向西行进,现在我们看到的是民族文化宫,它建于1959年,是中华人民共和国成立十周年首都北京著名的十大建筑之一,一直是开展民族文化交流的重要窗口。

  西二环与长安街相连的重要交通枢纽——复兴门桥,它是1974年建成的北京市区的第一座立交桥。复兴门桥东北方向就是金融街,聚集了中国人民银行、银监会、证监会、保监会等金融监管部门和众多国内外大型金融机构,这里也成为北京资金、技术、知识密集度最高、税收增长最快的地区之一。

  长安街的中心是天安门广场,这也是第一次通过无人机镜头的拍摄,从空中视角为大家展示天安门广场的全貌。

  央视记者 赵晶:现在呈现的画面是北京天安门广场,这里也是当今世界上最大的城市广场,在广场北端的天安门曾经是明清两代皇城的正门,1949年以后,成为了现代中国的象征,它的形象也被引入了国徽的设计。这是古老的中国,也是现代的中国,连接历史与未来,“一带一路”以自古传承的丝路精神为指引,展现现代中国的开放胸怀,让中国方案成为解决世界发展难题的东方智慧之光。(央视记者 杨阳 赵晶 崔艺 吴凯俊 时路 高晓罡 王则栋 何一凡 董良言)

Party Group of National Defense Science and Technology Bureau: Accelerate the establishment of integration of defense and civilian technologies’s innovation system

 

  Core points:


  ■ At the plenary session of the PLA delegation at the Fifth Session of the 12th National People’s Congress, General Secretary of the Supreme Leader emphasized that collaborative innovation between the military and the people should be carried out, the integration of basic elements of military and civilian science and technology should be promoted, and integration of defense and civilian technologies’s innovation system should be accelerated. This important exposition conforms to the development trend of the world’s scientific and technological revolution, industrial revolution and new military revolution, fully embodies the inherent requirements of coordinating the overall situation of national security and development, profoundly reflects the objective laws of scientific and technological development and technological innovation, and points out the direction for deeply implementing integration of defense and civilian technologies’s development strategy and creating a new situation of strengthening the country and building the army.


  ■ Establishing integration of defense and civilian technologies’s innovation system is the fundamental requirement to win the national strategic advantage, an effective way to achieve the goal of strengthening the military in the new period, and an inevitable move to promote the supply-side structural reform and cultivate new kinetic energy for economic development.


  ■ The national defense science and technology industry is the most important field in integration of defense and civilian technologies, the main body of the national defense science and technology innovation system, and an important part of the national scientific research system and industrial technology system. We should be the vanguard in weapons and equipment construction, scientific and technological innovation capability, military economic growth, talent highland construction and military culture construction.


  ■ To build integration of defense and civilian technologies’s innovation system, we must accurately grasp the spirit of the series of important instructions of the Supreme Leader General Secretary on integration of defense and civilian technologies and scientific and technological innovation, think about problems and promote work from the overall perspective of national security and development strategy, and make efforts to establish and improve the cooperative innovation mechanism of national defense science and technology, strengthen collaborative research in major key technical fields of national defense science and technology, give full play to the leading role of major national science and technology projects, promote the open sharing of military and civilian scientific and technological resources, deepen the reform of national defense science and technology industry, and actively serve economic and social development.

  At the plenary session of the PLA delegation at the Fifth Session of the 12th National People’s Congress, General Secretary of the Supreme Leader emphasized that collaborative innovation between the military and the people should be carried out, the integration of basic elements of military and civilian science and technology should be promoted, and integration of defense and civilian technologies’s innovation system should be accelerated. This important exposition conforms to the development trend of the world’s scientific and technological revolution, industrial revolution and new military revolution, fully embodies the inherent requirements of coordinating the overall situation of national security and development, profoundly reflects the objective laws of scientific and technological development and technological innovation, and points out the direction for deeply implementing integration of defense and civilian technologies’s development strategy and creating a new situation of strengthening the country and building the army. As a national strategic industry, national defense science and technology industry is the backbone of national security and national defense construction, and the backbone of national science and technology innovation system. We must put accelerating the establishment of integration of defense and civilian technologies’s innovation system in an important strategic position, create new development advantages with scientific and technological innovation, promote the simultaneous improvement of national strategic competitiveness, social productivity and military combat effectiveness, and lay a solid material and technological foundation for realizing the goal of strengthening the military and the Chinese dream of great rejuvenation of the Chinese nation.

  First, the great strategic significance of establishing integration of defense and civilian technologies’s innovation system

  The establishment of integration of defense and civilian technologies’s innovation system is to integrate the national defense science and technology innovation system into the national science and technology innovation system in a wider scope, at a higher level and at a deeper level, so as to form a pattern of mutual compatibility and synchronous and coordinated development of the two major innovation systems. This is of great strategic significance to the implementation of integration of defense and civilian technologies’s development strategy and the unification of a rich country and a strong army.

  The fundamental requirement of winning the national strategic advantage. In today’s world, the coupling of national strategic competitiveness, social productive forces and military combat effectiveness is getting closer and closer, and the integration of national defense economy and social economy, military technology and civilian technology is getting deeper and deeper. Major countries in the world have increased their strategic investment in integration of defense and civilian technologies in the field of science and technology, striving to seize the commanding heights in the fierce strategic competition and military competition. Facing the complicated security situation and arduous rejuvenation, only by accelerating the construction of integration of defense and civilian technologies’s innovation system, effectively organizing and mobilizing rich and powerful scientific and technological resources, and efficiently transforming the rapidly growing scientific and technological strength and innovation capability into an advanced and powerful national overall strength, can we firmly grasp the leading role of national development and security.

  Effective ways to achieve the goal of strengthening the army in the new period. To enhance military competitiveness, we must break through a series of major bottlenecks that restrict the development of science and technology. In recent years, some civilian-run high-tech enterprises have taken the lead in many technical fields with great military potential. Only by further promoting the collaborative innovation between the military and the people, bringing the powerful civilian-run private enterprises into the national defense scientific research and production system in an orderly manner, and maximizing the use of civilians for military purposes, can we improve the rationality of the layout of the national defense science, technology and industry system, the economy of input and output, the effectiveness of capacity building, continuously improve the supply and support capabilities of weapons and equipment, and build a solid foundation for strengthening the army.

  It is an inevitable move to promote supply-side structural reform and cultivate new kinetic energy for economic development. At present, China’s economic development has entered a new normal. Establishing integration of defense and civilian technologies’s innovation system, doing a good job in the civil transformation of national defense science and technology, actively promoting the opening, overflow and transformation of military technology, talents and facilities to the national economy, constantly expanding the scale of integration of defense and civilian technologies’s high-tech industries, and radiating the rise of emerging industries and upgrading of traditional industries are of great significance to the adjustment of national economic structure and the transformation of development mode.

  Second, the national defense science and technology industry is the vanguard of building integration of defense and civilian technologies’s innovation system.

  National defense science and technology industry is the most important field in integration of defense and civilian technologies, the main body of national defense science and technology innovation system, and an important part of national scientific research system and industrial technology system. The national defense science and technology industry has always actively implemented the two strategies of innovation-driven and integration of defense and civilian technologies, developed through innovation, and expanded in integration of defense and civilian technologies, and explored a road of innovation in integration of defense and civilian technologies with China characteristics.

  Insist on innovation and casting swords, and the strength of the country’s heavy weapons is constantly highlighted. High-tech weapons and equipment have achieved leap-forward development, the scientific research and production plan has been fully completed, and a weapon and equipment system with China characteristics has been initially established, and the capabilities of strategic deterrence, information acquisition, air defense and anti-missile, offshore defense, underwater attack and defense, long-distance delivery and electronic countermeasures have been greatly improved. The major national science and technology projects led or implemented by the national defense science, technology and industry system have become the era symbol of national science and technology innovation. "Chang ‘e V" will make China the third country in the world to carry out the lunar sampling and returning mission. Tiangong-2 and Shenzhou-11 manned space missions were a complete success. Major breakthroughs have been made in the fields of high-resolution satellites, Beidou navigation system, large transport aircraft, domestic large passenger aircraft C919, Hualong No.1, and high-temperature gas-cooled reactor nuclear power technology.

  Adhere to innovation and strengthen the foundation, and the core competence of military industry has reached a new level. We will promote the implementation of the system efficiency-based construction model, and greatly improve the core capabilities of military industry such as advanced design, manufacturing, test and verification, and the ability to transform military and civilian into peacetime and wartime. A number of major scientific research and experimental facilities involving the overall situation of national defense science, technology and industry with international advanced level have been built, filling the domestic gap. Focus on the bottleneck and shortcomings, implement the strong foundation project of national defense science, technology and industry, achieve a number of original achievements in key basic products and core technologies, and achieve a generational leap in a large number of military and civilian general materials. In the past five years, the national science, technology and industry system for national defense has won the special prize of national scientific and technological progress and the first prize of national technological invention, accounting for nearly 30% of the national awards at the same level in the same period.

  Insist on innovation and industrial development, and realize sustained and rapid growth of the military industry economy. Expand the opening up of military industry, speed up the conversion of military technology to civilian use and the pace of joining the army by superior private technology enterprises. Significantly reduce access restrictions. By the end of 2016, more than 1,100 private enterprises had obtained the license for scientific research and production of weapons and equipment, and the level of allowing them to undertake tasks has been upgraded from low-end supporting to the development of key subsystems and complete machines. The catalogue of intellectual property rights transformation of national defense science, technology and industry has been published, and a large number of major military test facilities and large instruments have been shared with the public, effectively promoting the mutual support and transformation of military and civilian technologies. The military industry economy has maintained rapid development. integration of defense and civilian technologies’s industries such as nuclear, aerospace, aviation, ships, weapons and electronics have developed rapidly. The proportion of civilian products in the total output value of military industry group companies has stabilized at around 70%, half of which are military high-tech industries, and large-scale exports have been realized.

  Adhere to innovation and wisdom, and become a highland for gathering talents and cultivating talents. Taking the implementation of major talent projects and plans as the starting point, we have cultivated a high-level innovative talent echelon with a reasonable mix of three generations, led by an innovation team, and an orderly combination of leading, high-end and backbone layers. A large number of young and middle-aged scientific and technological talents and great country craftsmen stand out and become the backbone. In the "two generals" of the commander-in-chief and chief designer of the military industry, a group of young people in their thirties and forties provoked the girders. During the "Twelfth Five-Year Plan" period, universities with national defense characteristics and co-built universities with national defense characteristics have sent more than 100,000 graduates to relevant military and civilian units, which has become an important support for the national defense science and technology personnel training system.

  Insist on innovation, establish the soul and expand the rich connotation of national culture. The national defense science, technology and industry system has always firmly adhered to the ideal and belief of dedicating everything to the party and the people, adhered to the overall concept that national interests are above everything else, the sense of responsibility that people’s interests are above everything else, and the professionalism that scientific undertakings are above everything else, and cultivated and formed the spirit of "loving the motherland, selfless dedication, self-reliance, hard struggle, great cooperation and courage to climb". The nuclear industry spirit of "career is above everything else, responsibility is above everything else, rigor is integrated into everything, and enterprising achieves everything" and the manned space spirit of "being especially able to endure hardships, fight, tackle key problems and contribute" have formed a political culture that values the country, a people-oriented culture, a quality culture that wins trust with quality, an innovative culture that strives for new success and a team culture of cooperation.

  While affirming the achievements, we should also clearly understand the shortcomings: there is a gap between independent innovation ability and development demand, the research motivation of basic frontier technology is insufficient, the original innovation ability is weak, and the development stamina is not strong; There is a distance between the breakthrough of bottleneck and self-control, and the situation that core technologies and key supporting products are subject to people has not fundamentally changed; Collaborative innovation mechanism and open integration are lagging behind, the results are not smoothly transformed, resources are difficult to share, and it is difficult for private enterprises to join the army; The effective connection between demand traction and technology promotion is insufficient, and the effective integration of national defense science and technology and industrial system with national science and technology and industrial system is insufficient.

  Third, strive to promote the construction of integration of defense and civilian technologies’s innovation system

  At present, the national defense science and technology industry is in a critical period of reform and development. Breaking through the core key, filling the shortcomings, accelerating the sprint and laying the foundation for future development are the requirements of the times for national defense science and technology innovation. To build integration of defense and civilian technologies’s innovation system, we must accurately grasp the spirit of the series of important instructions of the Supreme Leader General Secretary on integration of defense and civilian technologies and scientific and technological innovation, think about problems and promote work from the overall perspective of national security and development strategy, come up with practical countermeasures, and strive to take the lead in making substantive breakthroughs in the field of national defense science, technology and industry.

  Establish and improve the collaborative innovation mechanism of national defense science and technology. Grasp the relationship between national defense construction and economic construction, government guidance and market function, military resources and local resources, military scientific research and civilian innovation, national interests and unit interests, and promote the organic coordination and mutual support of innovation chain, industrial chain, capital chain and policy chain, so as to achieve intensive and efficient innovation management, balanced innovation chain connection, open sharing of innovation resources and more optimized innovation environment, and improve the overall efficiency of the national defense science and technology innovation system. Establish a goal-oriented, collaborative, efficient, integration of defense and civilian technologies, open and shared operation mechanism of national defense science and technology innovation platform, optimize the system layout, and promote the construction of national laboratories in integration of defense and civilian technologies.

  Strengthen collaborative research in major key technical fields of national defense science and technology. Focus on strategic, driving and overall key common basic technologies, cutting-edge and subversive technologies such as artificial intelligence and network information, as well as bottlenecks and shortcomings such as military power, key materials and core components, unite military and civilian advantages, and establish a cooperation mechanism for Industry-University-Research with joint development, complementary advantages, achievement sharing and risk sharing, so as to ensure that the project results not only meet the national defense needs, but also drive technological breakthroughs in related fields of the country. Comprehensively guide social high-quality resources to participate in the construction of national defense science, technology and industry. Encourage civilian private enterprises to play a role in the strong foundation project of national defense science, technology and industry, and guide superior enterprises to participate in technical research and domestic development of important military equipment and key materials.

  Give full play to the leading role of major national science and technology projects. Accelerate the implementation of major projects and major projects related to national security and long-term development, and promote and promote the overall leap of national defense science and technology independent innovation capability. Organize and implement major national science and technology projects for 2020, such as manned space flight and lunar exploration, and high-resolution Earth observation system, to ensure that the goals are achieved as scheduled. Accelerate the implementation and deepen the demonstration of a new batch of major national science and technology projects facing 2030, such as aero-engines and gas turbines and deep-sea space stations. Organize and implement national civil space infrastructure, Mars exploration and other major national defense science, technology and industry projects. Give full play to the leading role of innovation and radiation of major projects, accelerate the transfer and transformation of scientific and technological achievements, and strive to create demonstration projects for innovative applications.

  Promote the open sharing of military and civilian scientific and technological resources. We will promote the opening of key national defense science and technology laboratories and major military test facilities to the public. Strengthen the military-civilian coordination of newly-built laboratories and major experimental facilities to promote the efficient use of scientific and technological resources. We will improve the ownership and benefit distribution mechanism of national defense intellectual property rights, improve the system of declassification of national defense scientific and technological achievements, and encourage military enterprises to promote the transfer of military high technology to civilian areas. We should sort out the advantageous fields and capabilities of the civilian population, track the development trends of civilian technologies with potential military prospects, and encourage military industries to adopt advanced and applicable civilian technologies. Create a space for the creation of dual-use technologies for military and civilian use, and select and implement demonstration applications for the transfer and transformation of typical achievements. We will promote military-civilian cooperation and build institutions of higher learning and military research institutes with national defense characteristics into training bases for innovative talents in military and civilian areas.

  Deepen the reform of national defense science, technology and industry. Formulate an implementation plan for deepening the reform of the national defense science, technology and industry system to improve the quality and efficiency of the supply system. Actively and steadily promote the reform of military scientific research institutes, stimulate endogenous motivation and development vitality, and cultivate a number of innovative enterprises with international competitiveness. Accelerate the structural adjustment of military capabilities, build a weapon and equipment research and production system with "small core, large cooperation, specialization and openness", and form a pattern in which the core capabilities are led by the state, with key support, limited competition for important capabilities, preferential protection, and open and full competition for general capabilities. Deepen the reform of military enterprises and encourage them to become stronger, better and bigger. We will promote the pilot reform of mixed ownership of military enterprises, support the restructuring and listing of qualified military enterprises, and improve the securitization rate of military assets.

  Actively serve economic and social development. Optimize the structure of military industry, and vigorously develop integration of defense and civilian technologies industries such as nuclear energy and nuclear technology application, "internet plus satellite application" and "big security and big defense" industries such as emergency rescue and security alert. Strengthen the connection between the development plan of national defense science, technology and industry and the national regional development strategic plan, coordinate military scientific research and production and industrial transformation and upgrading, encourage the military industry to strengthen strategic cooperation with local governments, land a number of major projects in integration of defense and civilian technologies, develop industrial clusters in integration of defense and civilian technologies, and build innovative demonstration zones in integration of defense and civilian technologies. Optimize the international strategic layout of the development of national defense science, technology and industry, innovate the "Belt and Road" participation form, vigorously promote the cooperation in military industry, military trade, nuclear and space, support the "going out" of superior equipment, and promote international capacity cooperation, project contracting and strategic resource development.

 

Tianjin Corolla is being discounted! The highest discount 36,000, if you miss it, there will be no

Welcome to [Autohome Tianjin Promotion Channel], we bring you the latest automotive market trends. Currently, high-profile models are undergoing a grand promotion, and car buyers in Tianjin can enjoy up to 36,000 yuan in cash. The minimum selling price has been adjusted to 80,800 yuan, which undoubtedly provides consumers with a very attractive car purchase opportunity. Want to seize this rare opportunity to seize the lower cost of car purchase? Be sure to click the "Check Car Price" button in the quotation form to let us explore this real car purchase discount together.

天津卡罗拉正在优惠!最高优惠3.6万,错过就没有

The Corolla has won consumers’ love with its classic and dynamic exterior design. For the front face, it uses a delicate trapezoidal air intake grille, with streamlined body lines, to create a fashionable and stable visual effect. The overall style is simple and practical, and the body lines are smooth, which is in line with the rhythm of urban life without losing a sense of refinement, so that people can recognize its identity at a glance.

天津卡罗拉正在优惠!最高优惠3.6万,错过就没有

The Corolla, as a classic model, shows a smooth and elegant side line design. Its body size is 4635mm*1780mm*1455mm and the wheelbase reaches 2700mm, providing a good layout for the interior space. The front and rear track are 1527mm and 1526mm respectively, ensuring the stability of the vehicle. The tire size is 195/65 R15, and it is matched with a simple rim style, which not only enhances the driving performance, but also adds a modern feel to the overall appearance.

天津卡罗拉正在优惠!最高优惠3.6万,错过就没有

The Corolla’s interior design is simple yet sophisticated, creating a comfortable and practical driving environment. Its interior style is dominated by practicality, using a classic black and beige color combination to bring a warm visual experience to passengers. The steering wheel is made of plastic material, although not genuine leather, it has a solid grip and is easy to operate. The 8-inch central control screen interface is intuitive, making it convenient for drivers to quickly operate multimedia functions. The seats are mainly made of fabric material, which is durable and easy to clean. The seat configuration includes front and rear adjustment, backrest adjustment and high and low adjustment (2 directions) to meet the needs of different drivers. The setting of USB interface is located in the front row, providing convenient charging and data transmission options for passengers’ electronic devices.

天津卡罗拉正在优惠!最高优惠3.6万,错过就没有

The Corolla is equipped with a 1.2T turbocharged engine with an output of 116 horsepower and a maximum torque of 185 N · m. This powertrain is paired with a CVT continuously variable transmission (simulated 10 gears) to provide the driver with a smooth and efficient driving experience.

Overall, the Autohome owner expressed his high praise for the Corolla’s exterior design, especially the style and atmosphere of the front face and the layering of the tail. However, he also pointed out that the tires are a fly in the ointment, which affects the overall look to some extent. Overall, the Corolla’s design is indeed impressive, and the owner’s comments on some details also provide a more comprehensive reference for car purchase.

90% of claims can be paid in 2 days. What new attempts has PICC Health made in digital services?

Keep watch | focus on insurance innovation

Driven by the market trend and customer demand, the digital transformation of the insurance industry has entered a new stage.

On September 7th, Ant Insurance released the first digital operation platform "Xingyun 1" in the industry, and it was fully open to cooperative insurance institutions. This means that insurance institutions can realize the online and digital operation of the whole process of sales, operation and service on Ant Insurance, greatly improving operational efficiency and service experience.

In the insurance industry, PICC Health has always been a pioneer in digital management. Since 2018, it has been in contact with the Internet and launched the first "good medical insurance and long-term medical care" in China to guarantee 6-year renewal, which quickly became an explosion. In the face of the rapid influx of Internet users, PICC has realized digital operation healthily and quickly, and online the whole process of policy processing and claims processing.

Today, for the digital operation of PICC Health, it is no longer the digitization of basic processes, but the need to enhance customer service experience through more intelligent tools. In May this year, the "Good Medical Insurance" series of products took the lead in accessing Ant Insurance’s "Peace of Mind Compensation". Through scientific and technological capabilities, more than 90% of cases can be settled within 2 days, and digital operations are optimized in service experience.

Digital transformation: keeping people healthy and entering a bumper harvest period

Among the insurance companies undergoing digital transformation, PICC Health has to be mentioned, and its recently released financial report also shows that the company’s digital transformation has begun to show results.

The financial report of PICC Health in the first half of 2022 showed that the company’s operating performance reached a record high, achieving a net profit of 742 million yuan, an increase of 186.5% year-on-year; The original insurance premium income was 30.383 billion yuan, an increase of 18.8% year-on-year, and the premium scale ranked first in professional health insurance.

It is particularly noteworthy that PICC Health’s Internet business accounts for 30% of the total, and it has served more than 60 million customers nationwide, which reflects PICC Health’s leading position in digitalization based on Internet channels.

As a professional health insurance company under the People’s Insurance Company of China, People’s Insurance Company of China and Ant Insurance Co., Ltd. have developed Internet inclusive products with relatively high security and relatively appropriate prices, and at the same time realized the combination of long and short insurance, covering medical, serious illness, accidents and other insurance products. At the same time, through the advantages of Ant Insurance Platform, the service scope has been extended further and further.

In addition to products, another advantage brought by ant insurance is channels. It can be seen from the data of PICC that 78% of its customers come from third-tier and below cities, which is of great significance to PICC health and to expand the customer base in third-and fourth-tier cities and vast rural areas.

In terms of service, Ant Insurance’s Internet attribute promotes PICC health and continuously optimizes Internet online services, providing 7*24-hour all-weather service capacity, meeting the needs of a large influx of customers at night and strengthening night service capacity. According to the data of People’s Insurance, thousands of consultations flow in every day for 12 hours at night, which really meets the immediate needs of users.

In other services, the two parties jointly launched family mutual aid and "peace of mind compensation" to deepen users’ service experience and claim perception. From the data point of view, PICC Health’s online claims rate can reach 98%, and customer satisfaction can also reach 98%.

Digital transformation and upgrading services: 90% of claims can be paid within 2 days.

On May 16, 2018, PICC Health and Ant Insurance launched the first "Good Medical Insurance Long-term Medical Care" insurance with a six-year guarantee in China. In a short time, the number of insured users reached the order of one million, which became an explosive online celebrity product of their cooperation.

In the early stage of the launch of good medical insurance products, claims are made by offline mailing materials. The service limitation is relatively insufficient, and the biggest appeal of Internet insurance products is to settle claims quickly and not polish them well, which will have an impact on the healthy development in the future.

Since then, PICC Health has set up a special operation center and started to cooperate with Ant Insurance to solve the user’s claim experience. In recent years, PICC Health has used the "claims brain" developed by Ant Insurance to intelligently identify 107 kinds of medical and claims vouchers through AI smart camera identification, OCR identification, bill direct connection, risk control entry and other technologies, with an identification accuracy rate of over 95%, helping insurance institutions to improve their claims efficiency by over 70%, and at the same time improving the convenience and limitation of claims for users.

In May this year, PICC Health "Good Medical Insurance and Long-term Medical Insurance" took the lead in accessing Ant Insurance "Peace of Mind Compensation", and more than 90% of the cases were settled within 2 days. At present, the online claims rate of good medical insurance has accounted for 98% of the total claims.

In the final analysis, for people’s health, the next stage of digitalization will be digital intelligence with "service" as the core.

Digital management of insurance industry enters the fast lane

Digitalization has been engraved into the genes of insurance companies, and it is also true for people’s health. In the business philosophy of keeping people healthy, service technology innovation is the key development direction in the future.

In the next stage, PICC Health will attract and retain customers with better professional digital construction, focusing on user demand mining, product richness, specialization of service team and technical iteration to enhance user experience and satisfaction. For example, PICC Health will enhance the service experience of the elderly through exclusive services for the elderly. In terms of online customer service, PICC Health will continue to deepen its cooperation with Ant Insurance, and use digital technology to actively introduce direct compensation and other methods to provide more intimate claims service.

For insurance companies, digital operation is more important to enhance their core service capabilities. Behind this, it is necessary for insurance companies and insurance agency platforms such as Ant Insurance to cooperate closely in science and technology to better meet the actual needs of users.

The ant insurance "Xingyun 1" platform launched this time can be synchronized to insurance companies through users’ search needs, providing users with more insurance products that meet their needs.

Secondly, in terms of service, insurance companies can realize the online service of the whole process from pre-insurance, insurance to after-sales through the "Xingyun 1" platform. Insurance institutions can open an exclusive "business hall" in Ant Insurance to carry out product sales, content education and rights and interests services, and help insurance institutions establish online self-operating positions directly connected to users. In addition, through AI technical capabilities, insurance institutions can provide users with services such as policy management and claims settlement.

In addition, in terms of intelligence, many traditional insurance companies seek experience from the Internet technology industry. "Xingyun 1" has opened up the technical capabilities accumulated by Ant Insurance in the fields of risk control and claims, improved the accuracy of underwriting and claims, and improved the operating efficiency of insurance companies. Really enter the fast lane of digital management with insurance companies.

Click "Read the original" to buy the latest industry report of Baoguan.

This article first appeared on WeChat WeChat official account: Bao Guan. The content of the article belongs to the author’s personal opinion and does not represent Hexun.com’s position. Investors should operate accordingly, at their own risk.

(Editor: Li Xianjie)

The new Avita 07 is coming soon, equipped with luxury interior and multi-power

Recently, the interior details of Avita’s third new product, Avita 07, were officially exposed, attracting widespread attention. This medium-sized SUV not only pursues simplicity and refinement in design, but also achieves new breakthroughs in technological configuration and comfort. It is expected to open up a new market in the field of medium-sized SUVs and create a new benchmark of technological light luxury.

As the latest masterpiece of the brand, Avita 07 not only inherits Avita’s consistent luxury positioning, but also opens up a new market in the field of medium-sized SUVs. From the exposed interior details, the interior design of Avita 07 is simple but exquisite, and the integrated remote screen design is unique, providing the driver with a more convenient operation experience. The gold and white double-spell design makes the entire cockpit space full of luxury, and the four-screen design brings the sense of technology to the extreme.

In terms of details, the golden decoration on the quadrilateral steering wheel of the Avita 07 not only enhances the overall texture, but also adds a touch of fashion. The design of the central control armrest area is simple and elegant, and the wireless charging area is cleverly integrated with wood grain decoration, which is both practical and beautiful. In addition, the "fuel tank" display element integrated into the dashboard area not only reflects the uniqueness of the extended-range power model, but also provides the driver with a more intuitive and convenient information display.

In terms of seats, Avita 07 adopts two-color punched leather seats and is equipped with headrest audio. The integrated design and elegant color scheme further enhance the riding atmosphere. A large area of PU material soft bags are used on the door panel, instrument panel, central control and B pillar of the whole car, providing passengers with a more comfortable riding experience. The rear seats have larger central armrests, and the seat back angle can be adjusted through the control screen. Boss keys, sunshades, seat heating/ventilation/massage and other functions are readily available to meet the individual needs of different passengers.

In addition to the luxury and technology of the interior, the Avita 07 is also excellent in appearance design. It adopts 100% original design, inherits the family design DNA, and applies the AVATR design concept 2.0. The overall body posture presents a high-end sense, the body lines are elegant and smooth, and the front face design is full of futurism. In terms of body size, the Avita 07 body length reaches 4825mm and the wheelbase is up to 2940mm, redefining the new standard of space for medium-sized SUVs. At the same time, the body width and height also reach 1980mm and 1620mm respectively, providing passengers with more spacious riding space.

In addition, in the power system, Avita 07 provides users with more power options. Whether it is a plug-in range extension hybrid or a pure electric power mode, it can meet the different needs of users. At the same time, both power versions will have two drive modes: rear drive and four drive, providing users with a wider range of driving options.

Overall, Avita 07 not only sets a new benchmark in the mid-size SUV market with its excellent interior design, rich technology configuration and extreme comfort, but also meets consumers’ diverse and personalized travel needs with its unique design, excellent power system and flexible driving modes.

The Supreme People’s Court answered a reporter’s question on judicial interpretation of patent law (II)

  On March 22nd, the Supreme People’s Court held a press conference to release the Interpretation of the Supreme People’s Court on Several Issues Concerning the Application of Law in the Trial of Patent Infringement Disputes (II) (hereinafter referred to as Interpretation II). The judicial interpretation will be implemented on April 1, 2016. In order to better understand and apply Interpretation II, the person in charge of the Third People’s Court of the Supreme People’s Court accepted an interview with our reporter.

  Q: Interpretation II will be officially implemented on April 1st. Could you tell us about the background of drafting this judicial interpretation?

  A: In December 2009, the Supreme People’s Court issued the Interpretation on Several Issues Concerning the Application of Law in the Trial of Patent Infringement Disputes. This judicial interpretation has played an important role in protecting the interests of patentees according to law and encouraging scientific and technological innovation. Over the past five years, patent infringement cases have increased steadily, and the legal issues involved have deeply touched the basic system and concept of patents. The technical facts involved have become more cutting-edge and complex, and the market value and interests are even greater. Higher people’s courts in Beijing, Shanghai, Jiangsu and other places respectively issued guidance on the trial of patent infringement disputes. In particular, the Central Committee of the Communist Party of China’s Decision on Several Major Issues of Deepening Reform in an All-round Way clearly proposes to strengthen the application and protection of intellectual property rights, improve the incentive mechanism for technological innovation, and build a national innovation system. The National People’s Congress Standing Committee (NPCSC) has decided to set up intellectual property courts in Beijing, Shanghai and Guangzhou, focusing on cases with strong expertise such as patents. In order to ensure the correct implementation of the patent law, unify and refine the standards of patent infringement judgment, and respond to the new expectations of scientific and technological innovation for patent trial in time, it is necessary to draft the judicial interpretation of patent infringement judgment again.

  As early as the end of 2011, the Third People’s Court of the Supreme People’s Court began a special investigation on the criteria for judging patent infringement. At the beginning of 2014, it was included in the the Supreme People’s Court Judicial Interpretation Project. On the basis of soliciting opinions from the public and listening to feedback from relevant departments of the central government, experts and scholars, courts, lawyers, patent agents, enterprises and trade associations, the draft articles were revised for 16 times to form a manuscript, which was discussed by the the Supreme People’s Court Judicial Committee and finally passed the judicial interpretation.

  Interpretation II consists of 31 articles, mainly from typical cases published in the Supreme People’s Court Gazette and the summary of patent trial experience in recent years. The main issues involved are: the interpretation of claims, indirect infringement, the defense of standard implementation, the defense of legal sources, the cessation of infringement, the calculation of compensation, and the influence of patent invalidation on infringement litigation. In the overall framework, it is basically arranged according to the scope of patent protection, tort behavior, non-infringement defense, tort liability and procedural matters.

  Q: The trial of patent cases is closely related to scientific and technological innovation. What impact will the introduction of Interpretation II have on mass entrepreneurship and innovation?

  A: At present, a new round of global scientific and technological revolution and industrial transformation is poised for development, China’s economic development mode is accelerating, the trend of innovation leading development is more obvious, and the basic guarantee function of intellectual property system to stimulate innovation is more prominent. The Fifth Plenary Session of the 18th CPC Central Committee put forward five development concepts of "innovation, coordination, green, openness and sharing", and the first one was "innovation". It also emphasizes that innovation is the first driving force to lead development, and it must be placed at the core of the overall development of the country, so that innovation can run through all the work of the party and the country and become a common practice in the whole society. It can be said that innovation means development, and innovation means the future. This year is the first year of the 13th Five-Year Plan and the decisive stage of building a well-off society in an all-round way. Facing the new situation and new requirements, it is of great significance to give full play to the key role of the patent system in stimulating innovation, promoting scientific and technological progress and economic and social development, focusing on building a fair and transparent legal environment, stimulating innovation power, creating potential and entrepreneurial vitality, and accelerating the implementation of the innovation-driven development strategy.

  The drafting of Interpretation II is closely related to the legislative purpose of the Patent Law to encourage invention and creation, promote scientific and technological progress and economic and social development, and based on the practice of patent trial, the following guiding ideology has always been implemented: First, adhere to the problem orientation, strengthen the protection of patent rights, solve outstanding problems such as "long cycle, difficult proof and low compensation" as far as possible, ensure the realization of the interests of patentees, and fundamentally stimulate innovation; Second, adhere to the principle of compromise interpretation, strengthen the publicity and demarcation of claims, enhance the certainty of patent protection scope, provide clear legal expectations for the public, and promote the improvement of patent document writing level; Third, adhere to the principle of balance of interests and clarify the legal boundary between patent rights and other civil rights, which not only protects the legitimate rights and interests of obligees and encourages invention and creation, but also avoids the improper expansion of patent rights, and prevents the space for re-innovation from being compressed and damaging the public interests and the legitimate rights and interests of others.

  The promulgation of Interpretation II is an important measure for the Supreme People’s Court to actively create a legal environment conducive to innovation, which enriches and perfects China’s patent legal system, will further curb the infringement of patent rights, further strengthen the guiding role of judicial decisions in scientific and technological innovation, further effectively encourage independent innovation and technological leapfrogging, and provide a strong legal guarantee for mass entrepreneurship and innovation.

  Q: What are the targeted provisions in Interpretation II for the problem of "difficult proof and low compensation" in patent protection in China at present?

  A: Difficulties in proof and low compensation are two closely related issues. The main reason for the low amount of compensation in infringement cases is the lack of evidence about losses or profits, that is, the difficulty of proof. Because of the concealment of patent infringement, a lot of evidence of infringement is held by the infringer, but it is difficult for the right holder to obtain it. That is to say, there is a big difference between the right holder and the infringer in the difficulty of proving evidence of infringement. Therefore, the fundamental solution to the problem of "difficult proof and low compensation" is not to provide evidence for the obligee or blindly increase the amount of legal compensation, but to formulate a set of proof rules that conform to the characteristics of intellectual property litigation. Article 27 of Interpretation 2 has improved the rules of proof about the amount of compensation in patent infringement litigation to a certain extent. On the basis of referring to the provisions of the second paragraph of Article 63 of the Trademark Law, according to the patentee’s preliminary proof and the infringer’s grasp of relevant evidence, the burden of proof about the infringer’s profit is assigned to the infringer, and this is connected with the order of compensation calculation stipulated in Article 65 of the Patent Law. It should be pointed out that the application of this rule is based on the premise that the obligee initially provides evidence to prove the defendant’s profit, and the account books and materials related to patent infringement are mainly held by the infringer. If the above two conditions are not achieved, it is impossible to infer the evidence obstruction, which leads to "it is difficult to determine the infringement profit". According to Article 65 of the Patent Law, it is further necessary to determine whether the compensation amount can be determined by referring to the patent license fee.

  Q: Is the "long period" in patent protection a common problem of "cross between people and banks"? How was Interpretation II solved?

  A: As you said, the trial period of patent infringement dispute cases is long, which is mainly caused by the litigation framework of "binary separation between the people’s bank and the people’s bank" stipulated in the current law. When the obligee sues the defendant for infringement of his patent right, the defendant often files a separate request for invalidation of the patent right with the Patent Reexamination Board, and the court hearing the patent infringement dispute case has no right to examine the validity of the patent right, and usually suspends the civil litigation and waits for the result of the administrative litigation of patent authorization and confirmation. However, the procedure of patent authorization and confirmation is too cumbersome, and the situation of circular litigation and idle procedures is more prominent, which is not conducive to the substantive settlement of disputes. In order to improve the trial efficiency of patent infringement litigation, alleviate the negative impact of the long trial period as much as possible, and fully consider the fact that the proportion of administrative litigation for patent authorization and confirmation changes the decision of the Patent Reexamination Board is low, Article 2 of Interpretation 2 designs a system of "arbitration first and prosecution separately", that is, after the Patent Reexamination Board makes a decision to declare the patent invalid, the court hearing the patent infringement dispute case can rule "dismiss the prosecution" without waiting for the final result of the administrative litigation, and pass ". The reason why the lawsuit is dismissed by procedural ruling instead of substantive judgment is mainly to consider that if the invalid decision is overturned by administrative judgment, the obligee can still sue separately.

  Because the plaintiff in a patent infringement lawsuit may only be the patent licensee, he usually does not participate in the patent invalidation procedure, so he is not the addressee of the administrative judgment. The general provisions of the General Principles of Civil Law on the limitation of action apply to the calculation of the limitation of action for his separate prosecution, that is, he knows or should know the time when the patent right will be restored to be effective. In order to avoid tedious words, the third paragraph of this article only stipulates the limitation calculation of the patentee’s separate prosecution.

  Another example is that after the Patent Reexamination Board has made a decision to declare the patent invalid, the parties concerned apply for retrial to cancel the judgment or conciliation statement of patent infringement made by the people’s court before the patent invalidation. Paragraph 1 of Article 29 of Interpretation 2 stipulates that the people’s court may make a ruling to suspend the retrial review and the execution of the original judgment or conciliation statement, with the aim of reducing the execution reversal caused by the continued execution after the patent is finally invalid, and giving the invalid decision a certain degree of effectiveness against the judgment or conciliation statement. Because the patent invalidation decision has not been reviewed by the judiciary, in order to balance the enforcement interests of the patentee and the infringer and avoid the possible side effects of "suspending the execution of the original judgment and conciliation statement", with reference to the provisions of Article 16 of the Interpretation of the Supreme People’s Court on Several Issues Concerning the Application of Execution Procedures on the objection to execution, the second paragraph of Article 29 of Interpretation 2 stipulates that in the case that the people’s court has ruled to suspend execution, the patentee may request to continue execution after providing guarantee. In this regard, the infringer can ask for suspension of execution through counter-guarantee to check and balance. When the patent right is finally determined whether it is valid or not, the people’s court may enforce the guarantee or counter-guarantee property, so as to avoid the failure of enforcement interests.

  Although the above two clauses in Interpretation II have actively explored the improvement of litigation efficiency, they cannot fundamentally solve the problem of long cycle caused by the binary separation of the people’s bank of China and the people’s bank of China due to the restrictions of existing laws and regulations. For example, Article 3 of Interpretation 2 stipulates that the court hearing a patent infringement dispute case can only explain to the parties and tell them to start the patent invalidation procedure if the patent clearly violates the third or fourth paragraph of Article 26 of the Patent Law and should be declared invalid. If the invalid procedure is initiated, the patent infringement lawsuit should generally be suspended. Only if the patent right is not declared invalid within a reasonable period, the people’s court can determine the scope of protection of the patent right according to the records of the claim. It can be seen that the fundamental solution to the problem of "long cycle" that has plagued patent protection for a long time needs to transform the litigation framework of "binary separation of people’s banks and banks" from the legislative level. At present, China is carrying out the fourth revision of the patent law, and we hope that the above problems can be solved in this revision.

  Q: Just now, you mentioned that the drafting of Interpretation II carried out the guiding ideology of strengthening the publicity of claims. Can you introduce these provisions in detail?

  A: As a yardstick to delimit the boundaries of patent rights, patent claim is the core concept of patent law, and many rules in the patent system revolve around patent claim. The judicial interpretation of patent law issued in 2009 once reflected the orientation of strengthening the publicity of claims, and Interpretation II continued to implement this guiding ideology, aiming at enhancing the certainty of the scope of patent protection and providing clear legal expectations for the public. This is also the need to fully consider the current situation that China’s patent quality is still at a low level as a whole and the implementation of the innovation-driven development strategy.

  Articles 5, 10 and 12 of Interpretation 2 are aimed at the pre-order features, the preparation methods in product claims and the emphasized terms in numerical features, respectively, and stipulate that the above features and terms have a limiting effect on the scope of patent protection. Whether the above features and terms are the necessary technical features of a patent is a problem that should be solved in the stage of patent authorization and confirmation, and it is not appropriate for the people’s court hearing patent infringement disputes to discriminate. That is to say, the patent document writer should pay enough attention to the expression of the above features and terms in the patent application stage.

  Article 7 of Interpretation II clarifies the interpretation rules of the long-disputed closed composition claims in practice, and also highlights the respect for the publicity of the claims and the maintenance of the public’s trust in the scope of patent protection. Because all previous versions of the Patent Examination Guide have the same provisions for the claim of closed composition, that is, it must not contain other components other than the features described in the claim, unless it is unavoidable constant impurities. Through long-term patent practice, this writing method and interpretation rules have been generally accepted by the industry, and the interpretation rules stipulated in the first paragraph of Article 7 of Interpretation II are consistent with the Patent Examination Guide. The Chinese medicine composition claim stipulated in the second paragraph belongs to the exception of the first paragraph.

  It should be pointed out that the written expression itself has certain limitations, and it is difficult for the patent technical scheme to be summarized comprehensively and accurately in the claims. Moreover, the improvement of patent document writing level needs a process, which cannot be achieved overnight. Therefore, while emphasizing the basic orientation of publicity of claims, the interpretation of claims needs to be flexible to avoid "literal theory", so that patents with real technical contributions can be protected compared with those in GAI.

  Q: What is the reason for making special provisions on the claim of Chinese medicine composition?

  A: The composition in the field of traditional Chinese medicine is fundamentally different from chemical drugs in terms of mode of action, manufacturing technology, physical and chemical parameters, etc. It is not appropriate to simply apply the interpretation rules of Article 7, paragraph 1, of Interpretation II. Moreover, China has a unique advantage in the field of traditional Chinese medicine. It is in line with the actual development of traditional Chinese medicine industry to adopt the rules of claim interpretation different from those of chemical pharmaceutical compositions, which is conducive to protecting innovation in the field of traditional Chinese medicine and promoting the development of the industry. Therefore, in principle, the provisions of the first paragraph do not apply to the interpretation of the claims of Chinese medicinal compositions mainly written by "made of ……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… If there is no substantial impact, it is generally considered that the accused infringing product falls within the scope of patent protection.

  Q: Why does Article 25 of Interpretation 2 stipulate that bona fide users can not stop using it?

  A: Article 70 of the Patent Law stipulates that users, promised sellers and sellers shall be exempted from liability for compensation when their legitimate source defense is established. The dispute lies in whether bona fide users should stop using it after proving its legal source and paying reasonable consideration. In practice, users of infringing products usually don’t know and shouldn’t know that they are buying infringing products. Because users are at the end of the chain of infringement, they are easy to be found by right holders, so right holders often choose to sue users. Even if the manufacturer, seller and user are all co-defendants, if the user is only exempted from the liability of compensation for losses according to Article 70 of the Patent Law, he shall still bear the tort liability of stopping using. If you don’t stop using it, you have to pay royalties as a substitute for not stopping using it. However, the user has already paid the consideration when purchasing the infringing product. In fact, it is equal to the user paying double the consideration. The survey found that in recent years, the number of related cases with users as defendants has increased significantly, and the above phenomenon is more prominent. In order to clarify the legal boundary between patent rights and other civil rights, according to the principle of balance of interests, Article 25 of Interpretation II excludes bona fide users through a proviso.

  During the drafting, there was a view that this article exempted bona fide users from the responsibility of not stopping using it, which was in conflict with Article 70 of the Patent Law. Another view is that, in the original intention of the system, the establishment of the legal source defense system is to combat the source of infringement, and the manufacturer is the main source of infringement. TRIPS agreement also does not require that acts of bona fide use should be prohibited. The user is in good faith subjectively, provides a legal source objectively, and pays a reasonable consideration to the seller when obtaining the infringing product, which should prevent the extension of patent prohibition. Patent right is exclusive, but it does not mean that it can be expanded indefinitely. Patent law is not only the law of the patentee, but also blindly and excessively emphasizes the unilateral interests of the patentee and ignores the legitimate interests of bona fide users, which will occupy the reasonable space of bona fide users and hinder the security of transactions. This is not the original intention of Article 70 of the Patent Law, and it also violates the basic legal spirit of balance of interests. On the basis of soliciting the opinions of the relevant legislative departments, Interpretation II adopted the second opinion.

  If the obligee proves to the contrary that the user has not paid the consideration or the consideration is obviously unreasonable, it does not meet the constitutive requirements of exemption from stopping the infringement, and the user should still bear the civil liability for stopping the use, unless the exception of "national interests and public interests" stipulated in Article 26 of Interpretation 2 is met. The term "reasonable consideration" as mentioned in Article 25 of Interpretation 2 refers to the transaction price or transaction conditions that are basically equivalent to or slightly lower than the patented product. If the consideration is obviously lower than the transaction price or conditions of the patented product, it can usually be inferred that the buyer should know that the purchased product is not a patented product.

  Q: What is the relationship between the provisions of Article 26 of Interpretation II on stopping the sued behavior without an order and the compulsory patent licensing system stipulated in the Patent Law?

  A: Under normal circumstances, the infringer should bear the legal responsibility to stop the infringement. However, if the infringer’s stopping behavior will harm the national interests and public interests, the court may not order him to stop the sued behavior, but pay a reasonable royalty instead, which is a common practice in judicial practice at home and abroad. There is no clear stipulation in the patent law about the way of bearing tort liability, but the way of bearing tort liability stipulated in Article 15 of the Tort Liability Law can be applied separately or in combination. Article 26 of Interpretation II belongs to the determination of the way to bear civil liability in individual cases, which is the proper meaning of the application of tort liability law and other laws. Although the patent law stipulates the compulsory patent licensing system, Article 26 of Interpretation II goes hand in hand with the compulsory patent licensing system. If the compulsory license issued by the administrative organ is taken as the pre-procedure of civil tort litigation, it will lead to the suspension of civil litigation and artificially complicate the relief procedure, which is not conducive to timely settling disputes. It should be pointed out that only under extremely special exceptional circumstances, such as harming national interests and public interests, the court will not order the defendant to stop the act, and stopping the infringement is still the basic way of patent infringement liability.

  Q: You just mentioned the temporary protection period of the invention patent. Please tell us about the relevant provisions.

  A: The invention patent adopts the system of "early disclosure and delayed examination", so there is a temporary protection period between the date of publication of the patent application and the date of authorization announcement. Because all the infringements stipulated in Article 11 of the Patent Law are after the patent right is granted, the invention implemented during the temporary protection period is not an infringement in nature. However, the controversial issue in practice is whether the products that have been manufactured, sold or imported during the temporary protection period can be sold, promised to be sold or used after the announcement of patent authorization. In this regard, there were two opinions in the drafting: the first opinion is that the products manufactured, sold and imported during the temporary protection period are not infringing products, and the patentee has no right to prohibit the subsequent sales and use of non-infringing products after the authorization announcement date; The second view is that according to Article 11 of the Patent Law, after the patent right is granted, the patentee may prohibit others from carrying out any act without his permission. Using, promising to sell or selling products that have been manufactured, sold or imported during the temporary protection period does not belong to the situation that is not regarded as infringement as stipulated in Article 69 of the Patent Law, so it should be prohibited according to law. If the first opinion is adopted, it may lead to the situation that the actor hoards the products during the temporary protection period and sells them after the authorized announcement. If the second opinion is adopted, it is inconsistent with the nature that the products manufactured during the temporary protection period are not infringing products, and it is too harsh on the defendant. Therefore, Article 18 of Interpretation 2 makes a compromise: if the person who carries out manufacturing, selling or importing during the temporary protection period pays appropriate fees to the obligee in accordance with Article 13 of the Patent Law,Products that have been manufactured, sold or imported during the temporary protection period are not regarded as infringing products, and their subsequent use, sale and promised sale are not infringing acts as stipulated in Article 11 of the Patent Law.

  In practice, the obligee may take the manufacturer, the user and the seller as co-defendants when suing, or may only sue the seller. When the seller puts forward the defense that the manufacturer has promised to pay the appropriate fee in writing, the obligee applies to add the manufacturer. In this regard, it should be handled in accordance with the corresponding provisions of the Civil Procedure Law and its judicial interpretation, and Interpretation II is not repeated. The reason why "written commitment" is stipulated is to enhance operability, and to provide a basis for possible charges against manufacturers, sellers and importers.

  Q: In recent years, the issue of standard essential patents has attracted much attention at home and abroad. Article 24 of Interpretation 2 covers this issue. Please tell us about it.

  A: In patent infringement litigation, the legal problem that the accused infringer claims not to stop implementing the act on the grounds of implementing the standard is typical. Whether the above defense is established depends on the subjective state of the standard implementer, that is, his knowledge of the patent involved in the standard, which is determined by the disclosure of patent information by the standard. Therefore, Article 24 of Interpretation II explores the subjective fault of the parties in the context of patent information disclosure, and then determines whether to order to stop the implementation of standards and bear civil liability, which still belongs to the perspective of patent law and tort liability law, and does not involve the issue of competition law.

  In view of the complexity of the issue of standard essential patents, Interpretation II abandons the previous "big and comprehensive" drafting idea, and only clarifies the typical issues that all parties can reach a consensus, and does not involve the controversial issues for the time being. In particular, the Provisions on the Administration of National Standards Involving Patents (Provisional) issued by the National Standardization Administration Committee and China National Intellectual Property Administration in December 2013 improved the patent information disclosure procedure and made it clear that patents involved in national standards should be essential patents. In order to maintain the consistency with the above-mentioned interim provisions, Interpretation II only stipulates the recommended standards and the situation of the patents involved. Issues such as undisclosed patent information, mandatory standards and international standards that are not covered by the above interim provisions will be left to judicial practice to be solved step by step.

  Q: Not long ago, the the State Council Legislative Affairs Office asked the public for opinions on the revised draft of the Patent Law. What are the provisions of Interpretation II and this revised draft of the Patent Law?

  A: Judicial interpretation comes from trial practice and a large number of vivid cases in courts across the country. It is in this sense that judicial interpretation is the forerunner of legislation. Judicial interpretation of patent law is not only the basis for judges to apply patent cases, but also plays an important role in filling legal loopholes and refining legal standards, which constitutes an organic part of China’s patent legal system. The implementation of judicial interpretation of patent law will further verify and improve relevant legal rules and lay a more solid foundation for the revision of patent law.

  For example, the system of indirect patent infringement stipulated in Article 21 of Interpretation II has similar provisions in this revised draft of the Patent Law. In practice, there is no connection between the indirect infringer and the infringer who finally implements the invention and creation, and it does not constitute a joint fault. However, in view of the obvious subjective malice of indirect infringers, and the parts and components they provide are special products for direct infringement, or they actively induce others to commit infringement, they are included in the scope of regulation in Article 9 of the Tort Liability Law. This is the proper meaning of the application of tort liability law, and it is not to give extra protection to the patentee outside the current legal framework, which is in line with the objective reality of strengthening patent protection.

  It should be emphasized that indirect infringement should be based on direct infringement, so the provisions are expressed as "implementing" the act of infringing patent rights. However, it does not mean that there must be a referee who finds that the direct infringement is established before the indirect infringement lawsuit is filed. Regarding whether to treat the indirect infringer and the direct infringer as co-defendants, the people’s court may decide whether to treat the direct infringer as a co-defendant according to the specific case, considering that there may be a situation where the direct infringer has been determined by a prior judgment.

  In addition to indirect infringement, Interpretation II further enriches the rules for the interpretation of claims and clarifies the reasons for the defense of non-infringement. There are still some problems that have been reflected in the exposure draft, such as the defense of patent conflict application, the purpose of production and operation, etc., and finally they are not included in Interpretation II due to the restrictions of the current patent law, but it does not mean that the views of the exposure draft on some issues are wrong. Some may be reflected in future judicial policies and typical cases, some may need further study, demonstration and unified understanding, and some are deep-seated problems of the patent law itself, which need to be paid special attention to in this or future revision of the patent law.

  Q: I noticed that the title of this judicial interpretation is "Interpretation II". What is the relationship between it and the existing judicial interpretation of patent law?

  A: In December 2009, the Supreme People’s Court issued the Interpretation on Several Issues Concerning the Application of Law in the Trial of Patent Infringement Disputes. Interpretation II is based on the judicial interpretation of patent law in 2009, which further enriches and refines the criteria for judging patent infringement, so it is expressed as Interpretation II, which also reserves space for future judicial interpretations of patent law, so as to systematize the judicial interpretation of patent infringement. In addition, Article 23 of Interpretation II will absorb (93) with the approval of No.20. However, the two judicial interpretations of the patent law issued in 2001 and 2009 did not conflict with Interpretation II, and there was no problem of substitution by Interpretation II.

  Q: What specific measures will the Supreme People’s Court take to implement Interpretation II after its implementation?

  A: the Supreme People’s Court will let the front-line judges of patent trials accurately grasp the original intention of drafting Interpretation II and the problems that should be paid attention to in understanding and application through various means such as business meetings of the court system and training courses of the judges’ college. In addition, in order to meet the needs of the majority of patent legal practitioners and the public to understand the original intention of the judicial interpretation provisions of the patent law, the Supreme People’s Court has set up a writing team to publish the book Understanding and Application of Judicial Interpretation of the Patent Law (tentative name) in the second quarter of this year, which will comprehensively sort out the three existing judicial interpretations of the patent law and arrange them according to a brand-new style that is easy to refer to.

  The Supreme People’s Court will strengthen the tracking of the implementation of Interpretation II, continuously collect and summarize the problems in the implementation of judicial interpretation, and unify the applicable standards in time to ensure the correct implementation of the patent law.

The yield of US Treasury bonds hit a new high for many years, which may have an adverse impact on global financial and trade stability.

CCTV News:The yield of us treasury bonds has hit new highs for many years. Experts said that the bond yield is inversely proportional to the bond price. Recently, the medium and long-term US bond yield has risen sharply, which has also led to a significant decline in the price of US Treasury bonds in the corresponding period. This reflects that the market believes that the high inflation situation in the United States may last longer.

The data shows that as of October 6, local time in the United States, the yields of 3-month, 2-year, 5-year, 10-year and 30-year US Treasury bonds increased by 7 basis points, 23 basis points, 52 basis points, 69 basis points and 75 basis points respectively compared with the end of August. Among them, the yield of 5-,10-and 30-year US Treasury bonds has risen to a new high in the past 16 years, and the yield of 2-and 3-month US Treasury bonds has reached the highest level in the past 17 years and 22 years.

Wen Bin, Chief Economist of China Minsheng Bank:Influenced by inflation expectations and other factors, since mid-May this year, the yield of U.S. government bonds with various maturities has generally increased. With the recent imbalance between supply and demand in the U.S. government bond market, the price of government bonds with various maturities has declined to varying degrees, and the yield of U.S. government bonds with various maturities has hit new highs for many years.         

Reflecting the financial market’s concern about the Fed’s continued high interest rates.

At the same time, the long-term and short-term yields of US Treasury bonds are upside down. The yield of 2-year and 10-year US Treasury bonds has been upside down for 15 months, and the maximum upside down rate was as high as 108 basis points. The yield of 3-month and 10-year US Treasury bonds has been upside down for 11 months, and the maximum upside down rate was as high as 189 basis points.

Wang Qing, Chief Macro Analyst of Oriental Jincheng:The core factor affecting the interest rate trend of short-term treasury bonds is monetary policy and expectation, which means that the market judges that it is unlikely that the Fed will continue to raise interest rates in the short term. The yield of medium and long-term treasury bonds is mainly linked to fundamental factors such as inflation level and economic growth. The current situation shows that the market believes that the high inflation situation in the United States will last longer, and it is expected that the Fed will postpone the interest rate cut next year.

At present, there is an imbalance between supply and demand in US Treasury bonds.

In the third quarter of this year, the net issuance of US Treasury bonds exceeded US$ 1 trillion, a record high in the same period. It is estimated that the net issuance of US Treasury bonds will reach US$ 850 billion in the fourth quarter. However, on the demand side of US Treasury bonds, as the Federal Reserve keeps high interest rates and reduces the purchase scale of US Treasury bonds, the number of buyers of US Treasury bonds decreases. The imbalance between supply and demand is constantly pushing up the yield of US Treasury bonds, bringing down the bond price.

       Lu Zhe, Chief Economist of Debon Securities:Since the second half of this year, the issuance of U.S. Treasury bonds has increased significantly, and the Fed has continued to shrink its balance sheet, that is, the Fed sells U.S. Treasury bonds in the market, especially medium-and long-term varieties of Treasury bonds, which has brought about an obvious imbalance between supply and demand in the U.S. Treasury bond market, which has also aggravated the rise in the yield of U.S. Treasury bonds and the decline in prices.

It will continue to have an impact on global financial and trade stability.

With the recent rise in the yield of US bonds, the financial market has fluctuated greatly. Experts said that in the long run, this situation will adversely affect global financial and trade stability in the future. 

The yield level of national debt plays an important role in the asset pricing of financial markets. Recently, there have been obvious fluctuations in financial markets from the United States to the world. The US dollar index remained at a high level, and non-US currencies were generally under pressure.

Concerns that the Fed will "keep higher interest rates for a longer period of time" are spreading to the global financial markets, and the yields of European government bonds, including Britain, France and Germany, have generally increased. Experts said that the return of global capital to the US and European markets has also brought external pressure to emerging economies, especially countries with heavy debt burdens.

Wen Bin, Chief Economist of Minsheng Bank:Recently, the yields of government bonds in many developed economies have risen to varying degrees. In addition to the common fundamental factor of high inflation, the spillover effect of rising US Treasury yields is also an important reason. The longer the yield of US Treasury bonds stays at a high level, the more likely it will have a greater impact on global financial stability.

In addition, according to the latest forecast of the World Trade Organization, in 2023, the global merchandise trade volume will only increase by 0.8% year-on-year, which is lower than the 1.7% forecast in April and far lower than the average annual growth rate of 2.6% since the financial crisis.

Wang Qing, Chief Macro Analyst of Oriental Jincheng:High interest rates will aggravate the economic slowdown in developed economies, leading to a decline in the import demand for goods and services in developed economies, and thus global trade will continue to be dragged down, which will slow down the pace of global economic recovery.

Since last year, the enthusiasm of global central banks to buy gold has continued to rise. According to the data of the World Gold Council, central banks bought 77 tons of gold in August and 219 tons in the past three months. Due to the sharp rise in the yield of US Treasury bonds, the performance of the US dollar index is relatively strong. Since late September, the international gold price has declined to some extent.

Lu Zhe, Chief Economist of Debon Securities:Since last year, concerns about geopolitical conflicts, inflation hedging and long-term value preservation have prompted global central banks to increase their gold purchases and reserves. The international gold price is denominated in US dollars, and the yield of US Treasury bonds has risen sharply, pushing up the US dollar, which will inevitably bring downward pressure on the international gold price. However, when the yield of US Treasury bonds continues to rise and the price drops sharply, many countries are increasing their purchases of gold for the sake of asset preservation.

Wu Yiling: Opening up a New Situation of Prevention and Treatment of Microangiopathy

Cctv news(Reporter Dong Shuyun): On January 10th, the National Science and Technology Awards Conference was grandly held in the Great Hall of the People. The project "Construction of the Theory of Traditional Chinese Medicine and Its Guidance for the Prevention and Treatment of Microangiopathy" led by Wu Yiling, an academician of China Academy of Engineering, won the first prize of the National Science and Technology Progress Award. It is reported that the award is the only first prize of the National Science and Technology Progress Award in the medical field in 2019.

As a contemporary of the Republic, Wu Yiling has multiple identities such as doctor, academician and entrepreneur. Referring to these names, he smiled indifferently and said, "I am a doctor."

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Wu Yiling (Photo courtesy of the respondent)

Born into a family of traditional Chinese medicine, he devoted himself to the research of traditional Chinese medicine for 40 years.

The Wu family practiced medicine for several generations, and Wu Yiling’s father was very famous in his hometown in Hebei Province at that time. He accumulated a lot of Chinese medicine classics at home, and Wu Yiling read Huangdi Neijing and Treatise on Febrile Diseases almost every time.

In 1977, Wu Yiling was admitted to the Department of Traditional Chinese Medicine of Hebei Medical University (then Hebei New Medical University). In the second year, the whole country resumed recruiting graduate students. The class teacher encouraged him to apply for the exam because of his solid basic skills. With years of accumulation, Wu Yiling completed the five-year college course in only three months. In 1979, he was admitted as the first graduate student of cardiovascular and diabetes in Nanjing College of Traditional Chinese Medicine.

During his three years as a graduate student in Wu Yiling, he began to get involved in the subject of collateral diseases. After graduation, he returned to work in the Cardiovascular Department of Hebei Traditional Chinese Medicine Hospital, and during this period, he began to explore different ways to treat cardiovascular diseases, and also innovatively developed prescriptions for treating cardiovascular and cerebrovascular diseases.

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Wu Yiling (left) Visiting Data Map

"Chinese medicine has been circulating for thousands of years, and it is profound, but our understanding of it is not deep enough." Wu Yiling said with deep feelings that as a doctor, he has the responsibility to promote Chinese medicine to keep pace with the times and further develop it.

Guided by the theory of venation, a new understanding of microangiopathy

China Cardiovascular Report 2018 shows that there are about 290 million patients with cardiovascular diseases in China, and one person dies of cardiovascular diseases every 10 seconds, and the mortality rate of cardiovascular diseases still ranks first. Microangiopathy is considered to be the key factor to improve the clinical efficacy of the above diseases, but due to its unclear mechanism and uncertain curative effect, scholars at home and abroad have never made a breakthrough for many years.

Wu Yiling and his team have made great innovations in the academic theory of traditional Chinese medicine, focusing on the international problem of microangiopathy and combining the major diseases of heart, brain and sugar.

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The Wu Yiling team project won the first prize of the National Science and Technology Progress Award (Photo courtesy of the interviewee)

Since 2005, Wu Yiling led the scientific research team to build the theory of TCM veins for the first time, relying on two national key basic research and development plans (referred to as "973 Plan") and combining with more than 10 domestic colleges and universities.

"&lsquo in the context theory; Pulse ’ Chinese medicine is called blood vessel, which is actually the same thing as the blood vessel of western medicine in anatomy, and the vein is the branch of blood vessel, "Wu Yiling said. The research team has carried out a lot of experiments in more than ten years, and under the guidance of venation theory, they have a new understanding of microvascular diseases.

"Microvessels, including microcirculatory lesions, are a difficult problem in the international medical community. They not only play an important role in the occurrence and development of major diseases such as cardiovascular and cerebrovascular diseases and diabetes, but also are the key factors that are difficult to improve the clinical efficacy at present. We have carried out research from three aspects: Chinese medicine, academic theory and mechanism of action. "

The research team adopted a randomized, double-blind, multicenter, placebo-controlled clinical evidence-based medicine that fully met international standards, and analyzed more than 33,000 research data, revealing that microangiopathy is a core and starting factor, including microvascular endothelial cells. Protecting microvascular endothelial cells is the key mechanism for treating clinical cardiovascular and cerebrovascular diseases.

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Wu Yiling (left) video screenshot

Wu Yiling said, "Around such an innovative theory, we adopted three traditional Chinese medicines for dredging collaterals and treating cardiovascular diseases". Clinical studies have confirmed that these drugs have great advantages in protecting microvessels and improving microcirculation.

Among them, the evidence-based study of Tongxinluo capsule in the treatment of acute myocardial infarction without reflow confirmed that it can reduce the area of myocardial infarction, improve cardiac function, and improve the curative effect by 20%, which has made great progress in solving this problem in the international cardiovascular community.

However, for Wu Yiling, the integration of Chinese and Western medicine and the real "going out" of Chinese medicine are his constant pursuit and efforts. Wu Yiling sighed, "The mechanism of Chinese medicine can be clearly explained, and Chinese medicine can be widely recognized by the world, so we can be worthy of this quintessence."