April 28th is the first anniversary of Zhou Fei’s return from Wuhan, director of the Department of Critical Care Medicine of Guangdong Prison Central Hospital. On the same day, he participated in the education and training of party member’s party history in the front line of epidemic prevention and control in provincial units, together with members of Guangdong medical aid team and workers who stuck to different posts of "epidemic". In the sharing session, combined with the anti-epidemic experience, everyone felt that the Communist Party of China (CPC)’s strong leadership was the fundamental guarantee for China to overcome the epidemic.

　　A year ago, Zhou Fei and eight comrades-in-arms formed the Guangdong Prison Aid Hubei Medical Team, fighting in Wuhan Yuanjiatai Fangcang Hospital, which specializes in treating prisoners diagnosed by COVID-19 in the prison system.

On February 17, 2020, 9 members of Guangdong Prison Medical Team for Aid to Hubei took photos before going to Wuhan. Image source: South+Client

　　The Central Plains has been rich in talents since ancient times. At the time of national crisis, this Henan man, who cares about his home country, was "the most beautiful retrograde" twice: in 2003, in the face of SARS, he entered the prison hospital with the team for the first time and was on duty for more than 20 days. Seventeen years later, in the face of the COVID-19 epidemic, he volunteered again and went to the "epidemic" line in Wuhan.

　　During the period of aiding Hubei, Zhou Fei burst into tears three times because of the loss suffered by the country and people and the great strength of generate in times of crisis. With the concerted efforts of him and his comrades-in-arms, the Guangdong prison medical team for aiding Hubei stayed in Wuhan for 72 days, and none of the prisoners died, with a cure rate of 100%.

　　Working more than 10 hours a day,

　　Save the fainting nurse regardless of the risk of infection

　　In the dormitory of the prison hospital, Zhou Fei "hides" a "treasure" brought back from Wuhan.

　　On the eve of his departure from Hubei, he invited dozens of comrades from all over the world to sign a T-shirt as a souvenir. This dress has become a valuable witness to his 72-day experience in aiding Hubei.

　　Zhou Fei is the deputy leader of Guangdong prison medical aid team. Talking about the experience of aiding Hubei a year ago, he is still full of emotion.

　　"At that time, I was very anxious to learn about the situation ahead from my classmates who were doctors in Wuhan. I thought that even if I just helped my brothers to work a class, I could relieve their pressure …" Zhou Fei recalled that on the night of New Year’s Eve in 2020, he sent a text message to the leader and applied for support in Wuhan. "As long as there is an opportunity, I will definitely let you go!" The leader comforted him.

　　The husband is a country, and this heart has long been decided. At the beginning of February of that year, according to the unified deployment of the Ministry of Justice, the Guangdong judicial administrative system sent a strong soldier to Hubei, and Zhou Fei signed up at the first time: "It’s time to contribute to the country!"

　　On February 17th of that year, the Guangdong Prison Aid Hubei Medical Team went retrograde. "We are advanced in the first class!" On the first day of the opening of the shelter hospital, Zhou Fei and the team leader Li Yonghui took the lead in rushing into the ward.

　　Wearing protective clothing for seven or eight hours every day is too much for many people. Zhou Fei works more than 10 hours a day. "Protective clothing is airtight, and when I get to work, my underwear will soon get wet. I have less work in the middle of the night, and my wet underwear is stuck behind my back. It’s cold and cold, and sometimes it’s colic … "Zhou Fei recalled.

　　One day, a male nurse in Fangcang Hospital suddenly fainted. Without adequate protection, Zhou Fei took the lead in rushing to the rescue regardless of the danger of being infected by the virus. Due to timely treatment and proper rescue, the tragedy was avoided. Later, it was found that the nurse was probably dehydrated and fainted because of wearing protective clothing for a long time.

　　During his aid to Hubei, Zhou Fei shed tears three times.

　　The first time I shed tears was when I entered Wuhan by car.

　　"The big city streets are almost empty, as if the’ pause button’ was pressed. When I came to the place where the motherland needed it most, I suddenly felt a heavy responsibility on my shoulders and tears could not stop flowing. " Zhou Fei said that at that moment, he felt a strong "feelings of home and country" in his chest.

　　The second time I shed tears, I was recognized and respected by the patient.

　　"One day, when our cured patients were preparing to leave the hospital, they suddenly lined up and sang a sign language song" Thank you ".After singing, they bowed and said" Thank you "in unison, and we were all moved to tears." Zhou Fei said that at that moment, he felt that everyone’s efforts were worth it.

　　The third time I shed tears, I joined the party gloriously at the front.

　　"In 2003, I witnessed with my own eyes that under the leadership of the Communist Party of China, the people of the whole country quickly defeated SARS. Seventeen years later, I solemnly swore to join the party in front of party flag on the "epidemic" line in Wuhan. I couldn’t calm down for a long time that night, and I cried in my room for a long time … "Zhou Fei said that at that moment, he knew that he had found the direction of life.

　　"We are a cloud, coming quietly, dropping a shower and leaving quietly. See you in Wuhan." On the eve of returning to Guangdong, Zhou Fei wrote such a passage in Fangcang Hospital. This is a "little secret" hidden in his heart for a year.

　　Treat both disease and heart.

　　After the prisoner got out of prison, he made a special trip to thank him with eggs.

　　"I just had an operation on the patient, waiting so long!" At 4: 30 pm, Zhou Fei came out of the ICU ward and said repeatedly. More than an hour ago, a prisoner with renal failure was transferred to a prison. After careful examination, Zhou Fei and his colleagues immediately gave him hemodialysis catheterization. This has been his normal work since he returned to Guangdong from Wuhan for a year.

　　In July 1996, after graduating from Henan Medical University, Zhou Fei entered the provincial prison central hospital. When talking about why he chose this road, Zhou Fei was very indifferent: "Although this work is bitter, someone has to do it."

　　Being both a policeman and a doctor, prison doctors shoulder heavy responsibilities.

　　"Compared with social hospitals, prison hospitals are similar in that they all treat patients and save lives. The difference is that our patients are both prisoners and patients. As doctors and law enforcers, we must use all means to save their lives and ensure the safety of ourselves and supervision. " Zhou Fei said that the hospital is responsible for the treatment of critically ill and difficult patients in prisons in the province. In addition, the number of medical staff is small, and it is running at a high load every day.

　　30 minutes before the interview, he was "interrupted" five times: he received two phone calls, signed two medical bills and went to the hospital bed to see the patient once, with the shortest interval of no more than five minutes. "The patient’s condition can’t be delayed, I’m sorry!" Every time he walks in a hurry, he explains while walking.

　　Recently, the hospital accepted a serious patient with intestinal necrosis, sepsis, diabetes insipidus and so on. Zhou Fei organized a multi-department joint consultation and carefully formulated a diagnosis and treatment plan. "He suffered from hypoproteinemia. When he coughed, the wound opened. It took us more than 40 days to finally snatch him back from the death line. In the meantime, our nurses help him turn over every 2 hours to prevent him from getting bedsores. " Zhou Fei said that after the patient was awake, he gave them a thumbs up and said to them with all his strength: "Thank you for giving me a second life."

　　Dressed in a blue police uniform and a white coat, the prison doctor’s profession not only cures diseases but also heals the heart.

　　Ten years ago, the hospital accepted a seriously ill patient. Zhou Fei treated him equally and carefully, which helped him control his illness. After the patient was released from prison, he came to thank him with a basket of eggs. "Dr. Zhou, the money was earned cleanly, so take it!" Zhou Fei waved his hand and declined: "I appreciate your kindness, and I will take it to make up my body." Looking at the white eggs and the sincere eyes of the other party, Zhou Fei knew that their efforts were not in vain.

　　"Tired and moved." This is Zhou Fei’s deepest feeling since he became a policeman and a doctor for 25 years. "Dare to take responsibility, be good at acting, and serve the people wholeheartedly." Zhou Fei said that this is his motto in life.

　　In 2003, Zhou Fei was awarded the title of "Youth with Outstanding Performance in the Fight against SARS". In 2020, he was commended as "an advanced individual in Guangdong province to fight the COVID-19 epidemic". In the recent "Star of Peace" online publicity campaign organized by the Central Political and Legal Committee, he was awarded "Hero of Peace".

CCTV News:The Asian Games in Hangzhou is not only a sports feast, but also a platform for cultural exchange, providing athletes and spectators from all over the world with an opportunity to understand the culture of Hangzhou and China. Besides sports competitions, friendship and unity are also displayed here. Members of delegations from different countries and regions mentioned that it was a good experience to participate in the Hangzhou Asian Games.

Farah Hani Yimulan, Deputy Head of Delegation of the Malaysian Olympic Committee:You have created a great place for all the delegations coming to Hangzhou, with great facilities, and you are one of the representatives of China. In the volunteer hut of the Asian Games Village, there are many impressive cultural experience activities, such as calligraphy and making (handmade) lotus flowers, which is great. The Asian Games has brought us friendship and unity to push forward Asia. Everyone wants to be stronger, but "a single thread doesn’t make a line, a single tree doesn’t make a forest". We saw friends in China, and we want to have a bright future! Heart to heart, love the future!　

Huang Guorong, Deputy Head of the Vietnamese Olympic Committee Delegation:I studied in China 20 years ago and studied Chinese at Wuhan Institute of Physical Education in China. Every year, teams come to China for training, especially in martial arts, wrestling, boxing and fencing. It can be said that China sports have gold medals in the world, in Asia and in the Olympics, so we come here, hoping to communicate with high-level athletes in China and learn to improve their level.

Arslan Gaipnazarov, an athlete of Turkmenistan Olympic Committee:I took part in swimming competitions, and of course I came here to get good grades and win medals, preferably gold medals. I got a lot of China badges, Vietnamese badges and Hangzhou badges here, beautiful badges, and met many new friends and volunteer friends from other countries. It’s really great.

Qatar squash player Abdullah Al Tamimi:I am a squash player. I have been waiting for the Asian Games for a long time. I am really looking forward to it. I am fully prepared to win medals for my country. I like the people here. They are very nice and always smile.

Officials of the Sri Lankan delegation:All our countries are together in the Asian Games, which is a platform to show sportsmanship, and we are very happy to participate. The facilities here are very good. Our country, Sri Lanka, has excellent athletes, especially in wrestling, judo, karate and track and field, so we hope Sri Lanka can win many medals.

　　Wisdom is the realm that most people pursue. So, what are the performances of wise people? Abraham Maslow, a famous American psychologist, listed 15 characteristics of great men and wise men in various fields after studying them.

　　1. Excellent judgment.A wise man can have a comprehensive and accurate insight into reality without being mixed with subjective wishes and prejudices. The judgment here includes two aspects: one is to see the essence through the phenomenon, and not to judge on the surface; Second, it can predict the future evolution of things according to the present, so it is brilliant and far-sighted.

　　2. Be good at accepting yourself.Wise men have the courage to admit their weaknesses and strive to make progress towards what they can become. Because of this self-acceptance, they won’t bother to dwell on their mistakes. They are not perfect, but they respect themselves and feel good about their present situation.

　　3. Have a simple and kind heart."Adults don’t lose their childlike heart", and truly intelligent people don’t care about the benefits of one gain and the heart of one hole, but preserve the true nature of nature and treat everything with frankness and simplicity.

　　4. Be able to care about the world.Great men and capable people must be devoted to the whole world, and they value the world more than themselves. With such a sense of responsibility and mission, they are not trapped by trivial matters, but more determined and brave.

　　5. Be good at being alone.For people with great hearts, they can enjoy the joy of living alone and living in groups. They like to have time alone to face themselves and enrich themselves.

　　6. Be able to go its own way.The wise are less bound by cultural norms and customs than the average person. They have a sense of security that they don’t depend on others to meet, and they will express their thoughts and wishes in a way that suits them, without paying too much attention to whether the society agrees. But this is not indifference and ignorance, but a better understanding of what you "should" do without being influenced by society to plan your life.

　　7. Know how to appreciate the world.Wise people are usually childlike, and they can feel and appreciate the world with curious hearts and pure eyes. Only when there is no dust in the heart can we achieve a world in a sand and a heaven in a flower.

　　8. I have had the experience of "harmony between man and nature".This is a state that Maslow called "peak experience". In this state, people will feel that time and space have been surpassed, anxiety and fear have disappeared, replaced by a sense of unity between man and the universe, a sense of strength and surprise for a moment, and feel that the problems that once plagued them seem less important, and the original fear has been replaced by a feeling of letting nature take its course and a strong appreciation of life.

　　9. Have a high-quality friendship.These people don’t have many friends, but their friendship is profound and beneficial. They may have many friends who are as light as water, but they have never met each other, but they like each other and are connected.

　　10. Have a sense of democracy and equality.People with great wisdom usually know how to respect people of different classes, races and backgrounds, and can treat all kinds of opinions and values with a peaceful and calm attitude.

　　11. Be able to distinguish between means and ends.Great people emphasize purpose. However, they often regard the experience and process of the activity as the purpose itself, so they can experience the fun of the activity itself more than ordinary people.

　　12. Have a sense of humor.Their sense of humor is rarely directed at a specific person or group, and they will not laugh at others. Instead, they will look at human society and themselves more and resolve all kinds of disappointments in reality with philosophical thinking and self-mockery.

　　13. be creativeWise people don’t express their creativity in the traditional way of writing poems and painting, but their creativity is reflected in their daily life, such as teachers thinking of new ways to communicate with students and businessmen thinking of clever means to promote sales.

　　14. Have an open mind.All rivers run into the sea, tolerance is great, and a gentleman has the mind and tolerance to tolerate everything, which fully embodies a person’s connotation and cultivation.

　　15. Work hard and be able to concentrate.Compared with ordinary people, they work harder and more attentively. For them, work is not really hard work, because happiness lies in work. ▲ (Xiao Rong, Standing Committee Member of Psychological Evaluation Committee of Guangdong Mental Health Association and Associate Professor of Psychology Department of Southern Medical University)

　

On January 17th, the State Council Press Office held a press conference on the operation of the national economy in 2021. The released data showed that in 2021, China’s gross domestic product (GDP) exceeded 110 trillion yuan, up 8.1 percentage points year-on-year, and the national economy continued to recover and develop. At the same time, China has made great efforts to deepen reform, open wider to the outside world and promote innovation, making new breakthroughs in high-quality development, and achieving rapid development in industries such as electronic and communication equipment manufacturing, pharmaceutical manufacturing, information transmission, software and information technology services. These industries have one remarkable thing in common-intensive patent technology.

At present, cultivating and expanding patent-intensive industries has become an important measure to promote the integration of intellectual property rights into high-quality economic and social development in China. In 2020, the COVID-19 epidemic had a great impact on economic and social development, and China’s patent-intensive industries still maintained steady growth, with an added value of more than 12 trillion yuan and a contribution rate of 24.6% to GDP growth. Contrarian growth highlights innovation resilience, and promotes more value orientation with the trend. Experts pointed out that "the proportion of added value of patent-intensive industries in GDP" as an expected indicator is included in the medium-term target of the Outline of Building a Powerful Intellectual Property Country (2021-2035) to 2025 and the indicator system of the National Intellectual Property Protection and Utilization Plan during the Tenth Five-Year Plan, which will further play the role of quality foundation and value orientation of indicators, guide the transformation and upgrading of industrial structure, and strengthen the support ability of releasing intellectual property rights for high-quality development.

Innovation is transformed into development tenacity

According to the Statistical Classification of Intellectual Property (Patent)-intensive Industries (2019), intellectual property (patent)-intensive industries refer to the industrial clusters whose invention patent density and scale meet the prescribed standards, which rely on intellectual property to participate in market competition and conform to the innovation and development orientation.

"Compared with other industries, patent-intensive industries have stronger innovation ability and higher scientific and technological content. The innovation ability echoes the adjustment and upgrading ability of the industry. The rich technical reserves also provide the industry with relatively rich adjustment and change space, enabling the industry to better and faster adapt to the market demand at all stages of economic and social development, and the market competitiveness is outstanding. " Talking about the comparative advantages of patent-intensive industries, Ren Shengce, director of the Innovation and Competition Research Center of Shanghai International Intellectual Property Institute of Tongji University, said in an interview with this reporter that patent-intensive industries are more dependent on talents and capital, and have relatively small demand for labor factors. They emphasize the balanced use of all factors, the structure is more reasonable, and intellectual property rights protect patent-intensive industries more fully. These comparative advantages together shape the characteristics of patent-intensive industries’ development resilience and strong risk resistance.

This development tenacity inspired by innovation has been confirmed in many ways. Under the background of global anti-epidemic and epidemic prevention, China’s medicine and medical industry has given full play to its innovative ability, put forward a series of smart protection schemes to meet the needs of epidemic prevention and control, and produced a number of innovative medical service products. For example, COVID-19 intelligent CT film reading system and COVID-19 auxiliary analysis software based on artificial intelligence technology can empower the whole process of diagnosis and treatment, and help the whole chain of medical security to improve the level of health services. Statistics on the added value of patent-intensive industries show that in 2020, the growth rate of China’s pharmaceutical and medical industry will accelerate, with a year-on-year increase of 10.1%.

On the world economic stage, China’s patent-intensive industries also show stable anti-risk ability and trade driving force. According to the report on the foreign trade situation of the Ministry of Commerce, in 2020, knowledge-intensive service trade will keep growing against the trend when traditional services and manufacturing-related services are obviously affected by the epidemic. By October 2021, intellectual property royalties will be the second largest increase in the export volume of knowledge-intensive service trade, and the contribution of patent-intensive industries will occupy an important share in the statistical caliber of intellectual property royalties.

"Patent-intensive industries have outstanding innovation capabilities and strong market competitiveness, and have become a strong support and important development direction for innovative countries to promote high-quality economic and social development." The person in charge of the Strategic Planning Department of China National Intellectual Property Administration said that the development of patent-intensive industries is an objective requirement and the main driving force for China’s high-quality development.

Patent-intensive needs to be "dense" enough.

The national accounting and publishing mechanism for the added value of patent-intensive industries has been established and operated for three years, and all localities are also accelerating the process of bringing the added value of patent-intensive industries into the local statistical index system. During the "14th Five-Year Plan" period, "the proportion of added value of patent-intensive industries in GDP" was included in the national major top-level design index system of intellectual property rights, which further emphasized the value orientation of encouraging innovation and increasing industrial patent intensity.

Patent density not only refers to quantity density, but also emphasizes that "density" is high enough and quality is excellent. "The definition of patent-intensive industries emphasizes’ relying on intellectual property rights to participate in market competition’ and considers the technological innovation level of industries and enterprises. For the monitoring of comprehensive innovation level, in addition to paying attention to patent density and scale, we should also pay attention to the quality and influence of patents, the scope of protection of patents in the global market, the relationship between patents and productivity, and the efficiency of converting patents into main business income. " Ren Shengce pointed out that the baton of statistical indicators of patent-intensive industries should be "set more scientifically, measured more accurately and used more sparingly".

Aipeiyi Optoelectronic Technology Co., Ltd. (hereinafter referred to as Aipeiyi) is a "specialized and innovative" enterprise in the field of information and communication technology manufacturing. The company has developed and launched the world’s first optical anti-shake product for smart phones. At present, Apex has nearly 100 core patents in the field of optical image stabilization, of which nearly one third are basic invention patents. "The statistical monitoring of patent-intensive industries is a positive incentive mechanism, which further releases the signal that innovation is important to enterprises." Hong Hangqing, chairman of Aipeiyi, said in an interview with this reporter that he expects to see clearer quality orientation and fairer and more comprehensive market competition considerations in the indicator orientation.

"Only by stabilizing the indicators can we clearly indicate the direction of value and better develop the intellectual property economy based on patent-intensive industries. In addition to industrial monitoring and indicator design, we need to make further efforts in policy support, mechanism reform and market optimization. " Ren Shengce said. (Reporter Li Yangfang)

　　These days, with the arrival of cold air, people living in the north have been rummaging around for long pants. At the same time, online rumors about "cold winter" have gradually increased, and even there is a saying that "2018 is a cold winter, and from now on until 2025, the temperature will be colder every year". "This kind of rumor is outrageous and absurd. It is purely to attract public attention and create public panic." On October 16th, the National Climate Center responded.

　　Climate prediction is a highly professional and scientific research-oriented business, which requires a large number of climate observation data as the basis, high-resolution numerical prediction products as the support, dynamic and statistical diagnosis and analysis, in order to draw scientific conclusions carefully. Every year in late October, the National Climate Center organizes climate experts from national scientific research institutes and business units to conduct scientific consultation and judgment on the climate situation in winter and issue official forecasts. About 2018— The winter climate trend in 2019, the National Climate Center’s recent preliminary forecast: It is expected that the temperature in most parts of China will be high in winter, and it is unlikely that there will be a cold winter.

　　The main reasons are as follows: First, since June 2018, the sea surface temperature in the equatorial Middle East Pacific has turned warmer and has been developing and strengthening, and this warming will continue to develop and will be in 2018— An El Ni? o event was formed in the winter of 2019. When the El Ni? o event occurred, the winter monsoon intensity in East Asia was weak, and the temperature in China was generally high. Second, the winter temperature in China is affected by the synergistic effect of the circulation systems of the East Asian winter monsoon. Consistent prediction of climate models at home and abroad, 2018— In the winter of 2019, the general atmospheric circulation in Europe and Asia is mainly zonal, which is not conducive to the frequent activities of cold air and is conducive to a wide range of warmer temperatures in China. And with the approaching of the forecast time limit, the forecast results of each model are revised to a warmer trend in a wide range than before.

　　As the official department of climate monitoring, forecasting and assessment services, the National Climate Center has been closely monitoring the evolution of the climate system, including the impact of the evolution of the underlying surface such as ocean, ice and snow and the atmospheric circulation system on the climate, as well as the forecast and update of the dynamic climate model, and releasing the latest forecast products in time.

　　It is precisely because of the complexity and scientificity of climate prediction that the Meteorological Law of People’s Republic of China (PRC) clearly stipulates that the competent meteorological departments at all levels shall, in accordance with their duties, issue public meteorological forecasts and severe weather warnings to the society, and supplement or revise them in time according to the weather changes. No other organization or individual may issue public meteorological forecasts and severe weather warnings to the society. National Climate Center of China Meteorological Bureau is the only official department that issues short-term climate prediction products in China. (Reporter Fu Lili)

The memory chip market, which has always been regarded as the "wind vane" of the semiconductor industry, recovered strongly in the first half of this year.

　　According to the data released recently by CFM Flash Market, a professional storage market research organization, the global NANDFlash (non-volatile memory) market scale increased by 18.6% to $18 billion in the second quarter of 2024, and the DRAM (volatile memory) market scale increased by 24.9% to $23.42 billion. The scale of the global storage market increased by 22.1% quarter-on-quarter to US$ 41.42 billion in the second quarter, up by 108.7% year-on-year. In the first half of 2024, the global storage market reached $75.33 billion, a year-on-year increase of 97.7%.

　　The reasons driving the recovery of the storage market include not only the repair and return after the excessive decline of the market in the previous two years, but also the efforts of the original storage factory to actively reduce production and capital expenditure to promote the balance between supply and demand in the market. More crucially, the soaring demand for AI (artificial intelligence) computing infrastructure has brought new growth momentum to the storage industry.

　　Zhang Chi, chairman of Beijing Xinding Rong Sheng Capital Management Co., Ltd. told the Economic Observer: "The integration of storage and computing is the optimal solution in the AI ? ? era. The increasing demand for computing power construction will definitely drive the growth of storage market demand. The demand for AI servers is the main driving force of the current storage market."

　　However, in recent days, the storage market with strong recovery has also begun to change: TrendForce Jibang Consulting, a well-known research institution in the semiconductor industry, recently released a research report saying that in the second quarter of 2024, the shipments of storage module factories in consumer NANDFlash retail channels have been significantly reduced by 40% year-on-year, reflecting that the global consumer storage market is facing severe challenges, and the demand in the second half of the year will not be significantly warmed up.

　　The reason why the consumer memory market is facing severe challenges is that the growth rate of PC (personal computer) and mobile phone, which account for the bulk of the demand for memory chips, is far from the market expectation. Yang Yiting, a CFM flash memory market analyst, said: "The storage market in the third quarter has reached a crossroads, the server storage market is generally stable, and the consumer storage market is obviously under pressure."

　　The marketing manager of a storage manufacturer in South China said: "Now, we are only cautious about the market outlook, neither optimistic nor pessimistic. AI may not be the savior of storage for the time being."

AI strong drive

　　The first reason for the strong recovery of the memory chip market this year is the "low starting point".

　　Since the second half of 2022, the demand for consumer electronics has been weak, which has caused the storage market to fall into the "quagmire" of imbalance between supply and demand. The prices of NANDFlash and DRAM have fallen for four consecutive quarters since the third quarter of 2022, which caused many storage enterprises to suffer huge financial losses from 2022 to 2023. "Lack of terminal demand" is the common reason for the losses mentioned by these enterprises in the earnings conference call.

　　In Yang Yiting’s view, the storage industry naturally has a strong cycle. In the storage adjustment cycle started in the second half of 2022, the demand for consumer electronics was weak, and the market situation of oversupply caused the storage price to fall endlessly. The original storage factory faced the double pressure of sustained losses and idle capacity.

　　Yang Yiting said: "The original storage factory tried to rebalance the relationship between supply and demand by reducing production, but the reduction of production was time-limited and could not quickly alleviate the imbalance between supply and demand. As a result, the original storage factories have changed their attitudes, are unwilling to ship at low prices, and tighten supply, which has strongly boosted prices. The market structure has changed from competing for market share to restoring profitability. "

　　So after a series of "self-help" measures such as cutting capital expenditure, continuously reducing production, raising prices and clearing inventory, the market of memory chips began to pick up from the third quarter of 2023.

　　"In the first half of this year, the cumulative increase in the price of memory chips exceeded 40%, which shows that suppliers are strongly pushing up the price increase, which is intended to reverse the loss situation." Ao Guofeng, a senior analyst at TrendForce Jibang Consulting, said.

　　Yang Yiting also said: "In the first half of 2024, terminals such as mobile phones, PCs and servers were highly motivated to stock up, and the upstream storage factory optimized its inventory to improve its profitability. The overall supply and demand of the market were in a tight balance, so the storage market showed a comprehensive increase in volume and price in the first half of the year."

　　She said that at present, the new storage demand driven by AI mainly comes from the field of AI servers, which need to be equipped with high-performance and high-capacity HBM, DDR5 and eSSD (enterprise solid state drives). The DDR5 capacity of AI server is more than three times that of traditional server DRAM, while the HBM capacity of AI server is getting higher and higher. For example, B200 (AI training chip introduced by NVIDIA Company) is equipped with eight 141GB HBM 3Es, with a total capacity of 192GB, which is 36% higher than that of the previous generation H200. In addition, the AI server also actively uses QLCeSSD to accelerate the replacement of HDD (mechanical hard disk) to optimize the total cost and operational efficiency of the AI server.

　　"With the expansion of SSD applications in AI, the demand for enterprise-level SSD orders is in short supply, and the average price increase in the first three quarters of this year exceeded 20%." Yan Guofeng said.

　　This kind of "supply in short supply" brought by AI has now been truly reflected in the financial reports of storage vendors. For example, in the second quarter of this year, Samsung Electronics’ sales revenue of NANDFlash and DRAM reached US$ 6.141 billion and US$ 9.686 billion respectively, up by 13.8% and 24.7% respectively. The management of the company said in the earnings conference call: "The expansion of investment in artificial intelligence by ultra-large-scale customers has not only driven the strong demand for HBM, but also promoted the demand for traditional DRAM and solid state hard disk (SSD). The sales growth of HBM, DDR5 and other high value-added products for artificial intelligence, coupled with the improvement of overall prices, promoted a significant increase in profit in the second quarter compared with the previous quarter. "

　　Zhang Chi told the Economic Observer: "In the future, the scale of the AI server market will be about ten times that of mobile phones and computers, and the demand for storage in the construction of data centers will far exceed the consumer market. A server needs to be equipped with hundreds of memory chips, which is much more than mobile phones and computers. "

　　In Yang Yiting’s view, the long-term driving trend of AI to the growth of storage demand is certain, and there is a trend of deep integration between AI big model and cloud service. Large cloud service providers are actively investing capital expenditure to build higher barriers to cloud service, while edge devices are also increasing the training and deployment of AI big model.

　　Ao Guofeng emphasized that under the impetus of AI application, the server market will become the main area of flash memory application expansion, and this trend is expected to continue next year.

　　Structural contradiction

　　After storage manufacturers actively reduce production to balance supply and demand and AI brings new growth space, the storage chip industry has the opportunity to move steadily towards a new round of growth cycle. However, since the second half of this year, the price of the storage spot market has been continuously lowered, which has cast a "shadow" on the hard-won recovery of the whole industry.

　　According to CFM flash memory market statistics, the spot price indexes of NANDFlash and DRAM have been falling all the way since hitting the stage high point in May this year, and have now returned to the level at the end of 2023. TrendForce Jibang Consulting also said in a recent research report that the spot price of memory mainly based on consumer products began to weaken, and the price in the second quarter fell by more than 30% compared with the first quarter.

　　The marketing manager of the aforementioned storage manufacturer told the Economic Observer: "The product barriers required by AI servers are relatively high, and the’ cake’ is mainly eaten by overseas head manufacturers. At present, AI has not brought significant demand growth in major markets such as PCs and mobile phones, so we dare not say how good the situation will be this year. We can only take it one step at a time."

　　In the process of interviewing domestic storage manufacturers, the Economic Observer learned that compared with the pursuit of AI computing infrastructure, the practitioners actually hoped for the explosion of AIPC and AI mobile phones at the beginning of the year, but after the thunder of AIPC and AI mobile phones, the "rain" never came down, and the recovery of the consumer electronics market was far less than expected.

　　In Yang Yiting’s view, the domestic consumer market has not yet recovered, and some smartphone brands have begun to lower their sales growth expectations in 2024. At the same time, with the rising price of parts, the hardware cost of mobile phone manufacturers is under great pressure, and some mobile phone manufacturers have begun to reduce the configuration of cameras, screens and storage. In terms of capacity allocation, allocation reduction has become a last resort for major mobile phone brand manufacturers.

　　"DRAM bears the brunt. The high-end models have dropped from 16GB to 12GB, and the low-end models have been withdrawn to 4GB. The sales of low-end models have increased, the sales of high-end mobile phones have decreased, and the overall demand for DRAM has shrunk. The same is true for NAND, which reduces the demand for high-capacity configuration by adjusting marketing strategies. " Yang Yiting further stated.

　　Regarding the PC market, Yang Yiting analyzed that due to the slow recovery of the domestic PC market, the consumer market generally has insufficient acceptance of the excessive rise in storage prices, while the downstream storage manufacturers have a large number of low-priced inventories, so it is difficult for the prices of finished consumer storage products to reflect the changes in the original resource prices in time, and the prices of some storage products have also been upside down.

　　Ao Guofeng said: "The improvement effect of AI on the flash memory capacity of PCs and smartphones may not appear until 2026."

　　But for many storage vendors, they may need to "take risks" and wait for the day when "AI will actually pull the consumer market".

　　According to the financial report data, as of June 30, 2024, the book value of inventory of domestic storage enterprise Jiangbolong (301308.SZ) reached 8.833 billion yuan, accounting for 69.11% of current assets; The book value of inventory of Baiwei Storage (688525.SH) reached 3.577 billion yuan, accounting for 51.87% of its total assets; The book value of inventory of Demingli (001309.SZ) reached 3.38 billion yuan, accounting for 222.58% of the company’s net assets.

　　If the storage market does not continue to improve, these storage manufacturers with high inventory will face the risk of falling inventory.

　　In addition, a new round of capacity "competition" of the original head storage factory has also started. For example, the management of Micron Technology said in the financial report conference call from March to May, 2024: "We expect that the capital expenditure will increase substantially next year, and the capital expenditure in fiscal year 2025 will account for about 30% of the revenue, which will be used for the construction of HBM assembly and test equipment, fabs and back-end facilities, and technological transformation investment to cope with the growth of market demand. The company plans to build new fabs in Idaho and new york in fiscal year 2025, which will account for half or more of the expected total capital expenditure growth. "

　　In this regard, Yang Yiting said that in the short to medium term, the challenges faced by the storage market come from the pressure of capacity release from the supply side. As the original storage factory realizes profitability and begins capacity expansion, the overall capacity growth of the industry has reached a key node that cannot be ignored, and the game between the supply side and the supply side, and between the supply side and the demand side is intensifying.

　　She said: "In the second half of the year, the structural problems of supply and demand are more obvious, which is manifested in the more stable supply of server storage, while the supply of some consumer storage is growing too fast, which will make the supply side have to make a difficult choice between profit and share."

　　Irradiation technology is a kind of food processing and preservation technology in the food field, and it is also one of the cold sterilization technologies we often talk about. But some people think that irradiated food also has hidden dangers to human body. Is this really the case? Recently, the reporter interviewed relevant experts in the food field.

　　What kind of technology is irradiation technology? Jiang Qixing, an associate professor at the College of Food Science of Jiangnan University and a post expert of Jiangsu Modern Agriculture (Carp) Industrial Technology System Processing and Circulation Innovation Team, said: "China’s national standard GB18524-2016" Hygienic standard for food irradiation processing "stipulates the definition of food irradiation: using the radiochemical and radiobiological effects produced by ionizing radiation in food to achieve the purpose of inhibiting germination, delaying or promoting maturity, killing insects, sterilizing, sterilizing and preserving.

　　What specific fields are irradiation technologies used in? Jiang Qixing introduced that China has allowed the application of irradiation technology in certain food categories. The National Standard for Food Safety, Hygienic Specification for Food Irradiation Processing, stipulates that the types of irradiated foods should be within the scope specified in GB14891, and other foods are not allowed to be irradiated.

　　According to the current GB14891.1-GB14891.8 standard, the types of food allowed to be treated by irradiation technology in China at present include cooked livestock and poultry meat, pollen, dried fruits and preserved fruits, spices, fresh fruits, vegetables, pork, frozen packaged livestock and poultry meat, beans, cereals and their products. Common applications, such as inhibiting the germination of garlic and potatoes, sterilizing spices, etc.

　　However, according to China’s national standard GB7718-2011 "General Rules for Labeling of National Food Safety Standards in prepackaged foods", the food that has been treated by ionizing radiation or ionizing energy should be labeled near the food name. "Any ingredients that have been treated by ionizing radiation or ionizing energy shall be indicated in the ingredient list." This is why some food packages are marked with the words "irradiated food" near the product name or "spices are treated by irradiation sterilization technology" in the ingredient list.

　　Will radiation cause harm to food and human body? "In 1980, the conclusion of the joint expert committee of FAO, IAEA and WHO showed that the overall average absorbed dose of irradiated food was less than 10kGy, so toxicological experiments were not needed, and there were no special nutritional and microbiological problems." Jiang Qixing said.

　　Jiang Qixing believes that China’s national standard GB14891 limits the maximum overall average absorbed dose used in various foods that are allowed to be irradiated, and the related maximum overall average absorbed dose is less than 10kGy. Therefore, as long as the food irradiated in strict accordance with the relevant national irradiation standards, there is no radiation safety problem.

　　Extended reading

　　There is no need to talk about the color change of "radiation" and objectively understand the radiation in life

　　Human beings have been living in the environment of natural radiation, and everyone living on the earth is exposed to cosmic rays, in addition, it is also exposed to natural radioactive substances contained in the living environment such as soil and rocks. Therefore, it is inevitable that the food people eat, the water they drink, the house they live in, the road they walk, the air they breathe and even our human bodies contain trace amounts of radioactive substances.

　　As early as 1950s, isotope and radiation technology has been widely used in crop breeding, radiation processing of agricultural products and food, soil and fertilizer, pest control, animal husbandry, aquatic products and agricultural environmental protection, and has become an important science and technology to transform and innovate traditional agriculture and promote agricultural modernization. China has made great achievements in the field of crop radiation breeding, and 18 varieties, including Lumian No.1, have won the National Invention Award.

　　In recent years, shenzhou spaceship and others carried crop seeds for space breeding, and used cosmic rays and microgravity to mutate the seeds to produce beneficial variation, so as to breed new varieties of rice, wheat, cotton, rape and vegetables with high yield, high quality and strong stress resistance. With the improvement of modern living standards, the problem of food safety is becoming more and more serious. With the help of nuclear technology, food and agricultural and sideline products can be sterilized, killed and preserved, which can not only improve the hygienic quality of food and prolong the shelf life of food, but also produce no additional radioactivity. Therefore, irradiated food is safe and reliable, and can be safely eaten. Radiation only plays a bactericidal role and has no adverse effects on human growth, development and inheritance. Irradiation processing is also a new food processing technology after heating and freezing storage technology of food in cans. In the field of environmental protection, nuclear technology has been applied to the monitoring and analysis of air pollutants, water bodies and various environmental samples. It is more efficient to purify air, wastewater and sludge by irradiation technology than by traditional treatment technology.

　　Different from the rapid development in the previous two years, in 2018, especially in the second half of the year, the growth rate of credit card business of many banks declined, banks gradually returned to calm, and credit card performance was divided. The "rise" of NPL ratio has sounded the alarm for banks. In the future, banks will pay more attention to "quality" on the basis of increasing "quantity" of credit cards — —

　　The non-performing rate of credit cards soared and credit consumption peaked … … Since the second half of last year, the risk of bank retail business has been widely discussed, among which credit card business has become the core topic.

　　What is the development of credit card business of listed banks in 2018? What new changes have taken place? Is the credit card business really as "bad" as the market circulated?

　　Slow card issuing speed

　　After analyzing the 2018 annual reports of a number of listed banks, the Economic Daily reporter found that, unlike the rapid development in the previous two years, in 2018, especially in the second half of the year, the growth rate of credit card business of many banks declined, and banks gradually returned to calm, and credit card performance began to differentiate.

　　In terms of cumulative card issuance, five banks, namely Industrial and Commercial Bank of China, Agricultural Bank of China, China Bank and China Construction Bank, have exceeded 100 million cards, with the number of cards issued reaching 151 million, 103 million, 110 million and 121 million respectively. In addition, the data of China Merchants Bank’s semi-annual report in 2018 shows that its cumulative number of cards issued has also exceeded 100 million.

　　"Although the four state-owned banks firmly occupy the top spot in cumulative card issuance, the trend of stock banks coming from behind should not be underestimated. For example, the cumulative growth rate of card issuance by Shanghai Pudong Development Bank, China CITIC Bank and China Everbright Bank is above 30% year-on-year, far exceeding the average growth rate of 16% of Agricultural Bank of China, Bank of China and China Construction Bank. " Su Xiaorui, a researcher at Sack Research Institute, said.

　　In terms of new card issuance, Agricultural Bank of China issued 18,010,600 new cards, ranking first, which also made the cumulative card issuance of Agricultural Bank of China reach 103 million, becoming a new member of the credit card "100 million clubs" after ICBC, CCB, China Merchants Bank and Bank of China. The annual report shows that CITIC Bank, Ping An Bank, Shanghai Pudong Development Bank and China Everbright Bank have also issued more than 15 million new cards.

　　Li Wanfu, a researcher at Rong 360 Big Data Research Institute, said: "In terms of the year-on-year growth rate of new card issuance, most banks maintained a moderate level of around 10% in 2018." According to statistics, China Everbright Bank and China CITIC Bank performed outstandingly, with year-on-year growth rates as high as 64.05% and 43.44% respectively. Minsheng Bank is as low as 3.91%; The number of new cards issued by Zheshang Bank has shrunk by 29.45%. It is not difficult to see that the trend of differentiation is very obvious.

　　Overdraft balance and consumption are stable.

　　The "Overall Situation of Payment System Operation in 2018" shows that by the end of 2018, the total credit granted by bank cards was 15.40 trillion yuan, a year-on-year increase of 23.40%; The credit balance of bank cards is 6.85 trillion yuan, with a year-on-year growth rate of about 23%. Although it has slowed down compared with the growth rate of 36.83% in the previous year, it is still in the stage of scale expansion as a whole.

　　Specific to major banks, the overdraft balance of ICBC and China Construction Bank exceeded 600 billion yuan, and China Merchants Bank and Bank of Communications exceeded 500 billion yuan.

　　It is worth noting that Zheshang Bank, which ranks at the bottom in terms of card issuance and overdraft balance, has a much faster expansion rate than other banks. Judging from the overdraft balance, its year-on-year growth was 165.32%.

　　Judging from the ratio of overdraft balance to the scale of personal loans of banks, credit card overdrafts (loans) of many banks account for over 30% of personal loans, for example, the data of Everbright Bank is 38% and Minsheng Bank is 32%.

　　Observing the amount of credit card consumption/transaction, many banks also performed well. For example, China Merchants Bank, which is good at retail business, ranks first in the banking industry with an annual consumption record of 3.79 trillion yuan, while Bank of Communications is close behind with an annual consumption of 3.07 trillion yuan. China Construction Bank, Industrial and Commercial Bank of China and Ping An Bank are all above 2.5 trillion yuan; Postal savings bank and zheshang bank are the lowest, and the annual credit card consumption is less than 1 trillion yuan.

　　"Analysis of the 13 banks that have announced the credit card consumption transaction volume in 2018, the ranking of their annual transaction volume is basically the same as that in the first half of 2018. Only Shanghai Pudong Development Bank overtook the Agricultural Bank with a slight advantage of more than 50 billion yuan." Li Wanfu said.

　　Judging from the year-on-year growth rate, the three banks exceeded 50%. Among them, Zheshang Bank has a growth rate of 176.02% due to its small base; Ping An Bank and Shanghai Pudong Development Bank are also above 50%; Among the large state-owned banks, Bank of Communications and Postal Savings Bank grew rapidly, while Industrial and Commercial Bank of China, China Construction Bank and Agricultural Bank were relatively stable, with an increase of less than 20%. Other banks are at 25% to 40%.

　　It is worth noting that in 2018, banks actively explored the profit space of credit cards. In addition to the regular credit card loan business, they also launched various installment products and deferred repayment products to solve the short-term capital turnover problem of users. These products, on the one hand, have consolidated the competitiveness of bank credit cards, on the other hand, they have also become an important means to increase income of credit cards. According to the data released by UnionPay, the credit card installment income of UnionPay data customers accounted for 36.7% in 2018, surpassing the interest income accounting for 30%, becoming the largest source of income for credit card business.

　　Credit card non-performing rate rises

　　"In the past two years, the development momentum of personal consumer finance has been relatively strong, and excessive credit and long-term lending have become hot topics. With the expansion of the number of cards issued, the total credit and the overdraft balance, the risks behind it are gradually exposed. " Su Xiaorui said.

　　According to the annual report, due to the influence of macroeconomic trends, the non-performing rate of credit cards in many banks increased in 2018. The data shows that Minsheng Bank has the highest credit card non-performing rate, reaching 2.15%, up 0.08 percentage points year-on-year; The NPL ratio of CITIC Bank was 1.85%, second only to Minsheng Bank, but it increased the most, reaching 0.61 percentage points. Pudong Development Bank, Postal Savings Bank, Ping An, Zheshang and China Construction Bank also rose to varying degrees.

　　According to the report of Sack Research Institute, it is no accident that the bad credit card rate of many banks rises simultaneously. Firstly, it is affected by the downward pressure of macro-economy. Secondly, some joint-stock banks’ credit card development strategies are more radical before, and the competition for card issuance is white-hot. After weakening the risk control, some customers with poor qualifications and serious joint debts may be introduced.

　　In addition, Li Wanfu said that the regulatory environment has become stricter, and banks’ criteria for identifying non-performing loans have become stricter. Loans that are overdue for more than 90 days can no longer be classified as non-performing, which has also led to an increase in the non-performing rate of some banks to some extent.

　　In the eyes of the industry, the "rise" of non-performing rate has sounded the alarm for banks. In the future, banks will pay more attention to the pursuit of "quality" on the basis of "quantity" of credit cards, but they will not be held back.

　　"It is expected that the scale of credit card business will maintain a steady growth rate in 2019. In addition to introducing more credit data to optimize the risk control model, banks will develop more related products for users with good credit habits, meet the individual needs of users, expand users’ credit ability, and increase the per capita profit space of credit cards. " Li Wanfu said.

　　It’s been a week since June 18, and when the June 18 war resumed, Juhua, which was fully restarted in March this year, became the biggest dark horse that suddenly emerged. The data shows that during the Tmall 618 period, the cost-effective year-on-year transaction growth reached 86.5%, and the year-on-year order growth was 106%.

　　According to Alibaba, poly-cost-effective led to one-third of Tmall 618 transactions. According to the special report released by the authoritative Internet information service provider Analysys International on June 20th, Tmall’s market share during the promotion period was more than twice that of JD.COM and Pinduoduo combined, and one company accounted for nearly two-thirds of the total market share.

　　Source: Analysys

　　The above picture shows the GMV comparison among different platforms very intuitively. The GMV of Taobao Tmall is 100, while that of JD.COM and Pinduoduo is 32.7 and 9.9 respectively. Poly-cost-effective leads to one-third of the transactions, which means that its index of leading transactions reaches 33, which is higher than that of JD.COM and Pinduoduo. More directly, a single gathering is cost-effective, and the turnover during Tmall 618 exceeded three Pinduoduo. In this year’s 618 War, the pattern of the sinking market has been rewritten. As an amoy department, Juhua rushed into the sinking market and gained a lot of advantages in the sinking market.

　　On June 25th, Alibaba "officially announced" the overall growth of Tmall 618. Jiang Fan, president of Tmall, revealed at the launch conference of Tmall flagship store version 2.0 that the physical GMV of Tmall 618 increased by 38.5% year-on-year, and the DAU (daily active user) of mobile phone Taobao also increased by 29% year-on-year during Tmall 618.

　　Caption: Jiang Fan, president of Tmall, was at the launch of version 2.0 of Tmall flagship store.

　　JD.COM did not disclose GMV figures, but the so-called "order amount". According to the figures published by JD.COM, the year-on-year growth of the order amount is only 26.5%, which is 12 percentage points lower than that of Tmall. As the largest e-commerce platform in the whole network, the growth rate of Tmall is also significantly ahead of competitors such as JD.COM. The ultra-high-speed growth of poly-cost-effective has further consolidated the dominant position of Amoy in the whole market.

　　The cost-effective "revival" has also injected important traffic growth into mobile phone Taobao. The year-on-year growth rate of DAU of Hand Amoy is 29%, which is the highest since 2017. It also shows that it is cost-effective to tap the incremental population mainly based on the following heavy market users. Data from traffic monitoring third-party organizations such as Aurora Big Data and Questmobile all show that during the period of 618, the number of DAU (Daily Active Users) of mobile phone Taobao was in an absolute leading position, far exceeding other competitors.

　　Win the sinking market

　　A prominent feature of 618 this year is that "sinking market" has become a battleground for military strategists. In March this year, the comprehensive and cost-effective restart profoundly changed the war situation of 618 this year. Jiang Fan revealed a figure that 49% of Tmall 618′ s purchase users came from the 4 th, 5 th and 6 th tier cities.

　　The research of Aurora Big Data shows that although the penetration rate of mobile phone Taobao in third-tier and below cities is slightly lower than that in first-and second-tier cities, it is still as high as 54.8%, which is significantly higher than that in Pinduoduo (39.5%) and JD.COM (22.3%). It is the only mainstream e-commerce software with a penetration rate of over 50% in third-tier and below cities. The DAU index of Taobao’s sinking market in the third line and below is more than twice that of Pinduoduo.

　　In fact, before the start of Tmall 618, Alibaba began to deploy troops to strengthen the cost-effectiveness. Although Juhua was once an independent business unit of Amoy Department, it was merged into Tmall at the end of 2016. At the beginning of this year, Juhua became independent from Tmall and became a unified marketing platform for Taobao and Tmall, namely the marketing platform business unit. It is also known as Daju Cost-effective business unit.

　　The new big gathering cost-effective covers the core marketing tools of Taobao, such as gathering cost-effective, rushing to buy, selling every day, etc. These business lines occupy almost half of the "half of the country" in the new edition of the hand-scouring six squares.

　　Amoy is one of the most important goals of this year’s 618 strategy, which is to maximize the enthusiasm of users in the sinking market. Alibaba’s "618" this year is "the biggest investment in history" comparable to double 11’s, and the breakthrough has chosen to gather cost-effectiveness. The biggest game of "Ten Million Explosive Groups" is to maximize the marketing explosive power of the poly-cost-effective sale model.

　　According to Alibaba, during Tmall 618, there were more than 180 million transactions and explosions, more than 4,700 million transactions and more than 4,200 items with sales exceeding 10,000 pieces, making it easy to achieve the small goal of "10 million explosion groups and 100 million explosion groups every day". The "Ten Million Explosive Groups" directly promoted the high growth of poly-cost-effective transaction volume. During the period of 618, the growth rate of poly-cost-effective transaction volume reached 89% year-on-year, and the number of users and purchases in third-and fifth-tier cities both increased by more than 100% year-on-year.

　　Jiang Fan said at yesterday’s press conference: "The reason why Juhua can make such progress in just a few months is because it has returned to the original intention of ten years ago, that is, helping consumers find the best-priced goods in the whole network and helping businesses get customers with the most efficient marketing."

　　The best tool for brand customers.

　　Poly cost-effective comprehensive restart, and further become the brand’s best customer acquisition tool. Before Tmall 618, Juhua clearly put forward the goal of "bringing 300 million new customers to the brand", which was finally successfully achieved.

　　This year, 128 brands of Tmall 618 were among the "Billion Club". More than 100 brands such as CPB, L ‘Oré al, Watsons, Dr. Chengye, Telunsu and Peak surpassed double 11 last year, and the sales performance of some brands reached 40 times that of double 11 last year. In this promotion, almost all the brands that became the "Billion Club" participated in the cost-effective activities.

　　As the "biggest investment in history", 618 strives to convey "affordable" mind to consumers. The original price of Dyson hair dryer is nearly 3000 yuan, and 88VIP discount is added to the poly-cost-effective subsidy coupon, and the hand is as low as 1854 yuan. The brand with the original price of 1499 is bigger than an air conditioner, and it will be subsidized after the direct drop, and the hand price is 859 yuan. On June 18 th, Juhua launched the iPhone XR 618 yuan spike, which was less than 10% off the original price, causing the whole network to snap up. The investment of real money has undoubtedly greatly strengthened the influence of poly-cost-effectiveness on the consumer side.

　　Tmall is the brand’s favorite new product release platform. During this year’s Tmall 618, 80% of the core brands released new products on Tmall. With Tmall’s powerful data and operational capabilities, brands can also aggregate consumer information, understand consumer preferences, conduct new product research and development, and create "explosive models".

　　How to make "explosive models" sell better? Tmall has a set of marketing methodology. In Jia Luo’s view, the sale model is a means to help brands reach new customers as quickly as possible. In fact, there is also a very strong demand for branded goods in the sinking market. Brand goods with high cost performance can also "suck powder" quickly once they reach the sinking market. The long-term accumulated ability of Juhua has played a role in this respect. Before Juhua regained its independence from Tmall, it brought considerable business opportunities to the Tmall brand. In 2018, 80% of the brands that participated in Juhua came from new buyers, and the ability of Juhua to "pull new" can be seen. After the further restart, it was cost-effective, and the killer weapon of "Laxin" was used to the extreme. On June 25, the average growth rate of 400 brands participating in the launch of Tmall flagship store was as high as 47% during Tmall 618.

　　Empowering industrial belt to create new supply

　　The data shows that Handamoy has always been the largest shopping APP with the highest penetration rate in China, with more than 700 million consumers on this platform, with rich and diverse needs. How to meet their more and more diverse preferences, Amoy needs to work hard on the supply side.

　　The breakthrough of Tao department selection is still a good deal. In addition to bringing new customers to traditional head brands, Juhua has set its sights on small and medium-sized businesses on the platform. Through their digital transformation, they can provide more high-quality and affordable products, which can meet the diverse needs of consumers and create more business growth for middle-aged businesses.

　　Poly-cost-effective phase of the industry with businesses. In this year’s Tmall 618, a large number of small and medium-sized brands have entered people’s sight through Taobao, such as Yage electric mosquito swatter, Miaoyou children’s socks, Yi Enbei wet wipes, plant protection paper products, Fupai electric toothbrush, and Caramella socks. Although they don’t have the star aura of international brands, they are favored by consumers with high quality and low price. The reason behind it is also very simple. They have entered a cost-effective industrial belt support plan.

　　As a big manufacturing country, China manufacturers have strong production capacity, forming various types of industrial belts such as digital accessories, electric toothbrushes, socks and paper towels. Many industrial belt manufacturers have long been OEM for well-known brands, but they lack their own brands. The daily sale of Juhua’s products fills the shortcomings of industrial belt merchants in operation, technology and brand ability, which can not only help them upgrade their products by digital means, but also solve the sales channels of their goods.

　　On the other hand, when these industries bring merchants to the front desk, many categories of consumption upgrades have successfully reached the sinking market for the first time. For example, the electric toothbrush, a typical "consumption upgrade" commodity, was sold in the sinking market during Tmall 618. Fupai, an electric toothbrush brand in Taizhou, Zhejiang Province, sold 14,051 pieces in one minute after the opening of 618, and sold 400,000 pieces in 16 hours. Juhua cost-effectively pushed the industrial belt merchants and successfully awakened the upgrading needs of consumers in the sinking market. The industrial belt merchants also successfully won 466 million orders during the period of 618.

　　Observing this year’s 618, the strong rise of poly-cost-effective is the most noteworthy phenomenon. To some extent, the battle of sinking market has been rewritten. Juhua Cost-effective, by its own efforts, has driven more transactions than the whole platform in JD.COM and Pinduoduo, which means that it has become the natural choice for users in the sinking market.

　　For consumers, the "cost-effective" mentality has been established, and strong consumer insight and price competitiveness have greatly enhanced the user stickiness of the cost-effective platform. On the other hand, poly-cost-effectiveness has also become the integration of "Alibaba’s commercial operating system", which can effectively empower different types of businesses. The top brands can get more new customers through poly-cost-effectiveness, and the middle-waist businesses can also realize their own product evolution and brand upgrade through poly-cost-effectiveness.

　　The key for Amoy Department to maintain its own competitiveness lies in creating new supply for consumers so as to meet their new demands. And poly-cost-effectiveness is the key link, and it has withstood the test in the 618 War.

The battlefield between Russia and Ukraine continued. On August 3, local time, the Ukrainian side said that Russia had begun to form a military strike force against Zelensky’s hometown. At the same time, although the Ukrainian side has dismantled a Russian ammunition railway connecting Hellson and Crimea, effectively blocking some Russian military supplies, the refugee problem in that country has shown signs of deterioration since the outbreak of the conflict.

Outside the battlefield, the tension between Russia and Europe has not eased. Switzerland, a "neutral country", announced the adoption of the seventh round of sanctions against Russia, including strict restrictions on gold trading. The Russian side used the maintenance and formalities of the "Beixi -1" turbine to reduce the supply of natural gas to Europe, while Germany claimed that it had not created any transportation obstacles and accused Russia of deliberately delaying gas transmission.

In addition, the Ukrainian grain carrier, which set sail on August 1, local time, has arrived in Istanbul, Turkey and passed the inspection, ready to go to Lebanon.

Russian troops from the eastern line to the southern line, ready to attack Zelensky’s hometown.

On August 3rd, local time, the Ukrainian side said that Russia had begun to form a military strike force against Zelensky’s hometown.

The Ukrainian military said that Russia’s move was aimed at occupying Zelensky’s hometown of Krivorog, and warned that Russia might be preparing to launch a new offensive in southern Ukraine. In the regular updates on the war dynamics, the Ukrainian Southern Military Command said that the current situation is tense, and that Russia launched an attack on the southern front line on August 2, local time. It is very likely that Russian troops are preparing a counterattack and then plan to enter Hellson. According to Reuters, Ukraine has said that its troops have recaptured 53 villages in Russian-occupied Hellson.

Krivorog is located in central Ukraine, the eighth largest city in Ukraine, about 48 kilometers away from the southern front. Before the outbreak of the Russian-Ukrainian conflict, the population of the city was estimated to exceed 600,000.

Ukraine has dismantled a railway used by Russia to transport ammunition in the south.

The British Ministry of Defence said in its daily briefing on August 3rd that the Ukrainian army had dismantled a Russian ammunition railway connecting Hellson and Crimea, and further blocked the Russian supply line.

The briefing said that the Russian army may be able to repair this logistics line connecting the southern Russian army, but pointed out that the line "is still a loophole." The paralyzed railway will also put pressure on Russian transport nodes and routes, which may lead to the Russian side slowing down its actions.

On August 2, 2022, in Pokrovsk, Donetsk region, on the evacuation train, a little girl held her dog and waved goodbye to her grandparents. The government issued an order asking residents to leave the Donetsk region because they are preparing for autumn and winter, and they are worried that many people there may not have heating, electricity or even clean water. People’s visual map

The British Ministry of Defence also said that as the situation continues to be tense and the food shortage worsens, the number of Ukrainian civilians trying to flee Hellson and its surrounding areas may increase. According to data collected by UNHCR, 6,180,345 refugees from Ukraine have been registered. The largest number of refugees went to neighboring countries of Ukraine, with 1.25 million Ukrainian refugees in Poland alone. According to the United Nations, since the conflict between Russia and Ukraine broke out on February 24 this year, the number of people entering and leaving Ukraine has exceeded 10 million.

The fighting in Kharkov in northeastern Ukraine is still going on.

According to Al Jazeera’s report on August 3rd, Oleg Sneger Wooper, governor of Kharkov, Ukraine, said that Russian troops attacked several locations in the northeast of the state at night. He said on the social platform Telegram: "Residential and commercial buildings have been damaged, and no victims have been found in this attack." He added that Russian soldiers tried to advance in Dementi and Kochubeivka, which border Russia, but they were repelled by Ukrainian troops.

According to Reuters, Russia has carried out fatal attacks on Ukraine in the eastern part of Kharkov and nikolayev, but the report said that it is not yet possible to verify the battlefield situation.

The first Ukrainian grain carrier arrived in the soil and passed the inspection since the conflict.

According to an agreement brokered by Turkey and the United Nations, the first ship "Lazzoni" carrying Ukrainian grain left Odessa, Ukraine, for Tripoli, Lebanon at around 9: 15 local time on August 1st. The agreement aims to transport millions of tons of trapped agricultural products to the world market and alleviate the growing global food crisis.

On August 3, 2022, in Istanbul, Turkey, the grain carrier "Lazzoni" sailed along the Bosphorus Strait to Tripoli. Vision china diagram

On August 3, local time, the first Ukrainian grain carrier moored at the mouth of Bosphorus Strait was inspected by 20 representatives from Russia, Ukraine, Turkey and the United Nations from the Joint Coordination Center. The security check lasted about an hour and a half. Later, the Turkish Ministry of Defence said that the joint coordination center had passed the safety inspection of the first Ukrainian grain carrier, which was about to sail into the Bosphorus Strait and headed for Lebanon.

Ukraine and Russia are the main producing areas of wheat, barley, corn and sunflower oil in the world, and the fertile Black Sea region has long been called the granary of Europe. The detention of food transportation caused by the conflict between Russia and Ukraine has aggravated the rise of global food prices and threatened hunger and political instability in third world countries. According to the previous agreement, ships entering and leaving Ukrainian ports will be inspected to ensure that the ships entering the port are not carrying weapons, and the ships leaving the port only carry grain, fertilizer or related foods, not any other commodities.

Switzerland passed the seventh round of sanctions against Russia, including the gold embargo.

On August 3, Switzerland adopted the seventh round of sanctions against Russia, which included a ban on the import of gold and gold products.

Swiss federal council said that according to the latest EU sanctions policy on Russian gold and gold products, Switzerland will also impose further sanctions on Russia. The Swiss government also said that in order to avoid any interruption of payment channels, they have provided two exception policies for transactions related to agricultural products and oil supply between Russia and third countries.

Shortly after the adoption of sanctions, the Swiss People’s Party issued a statement saying that sanctions against Russia violated the Swiss Constitution. Andrea Sommer, spokesman for the Swiss People’s Party, the largest party in the Swiss Federal Parliament, told Sputnik news agency & radio that the imposition of sanctions violated Switzerland’s neutrality and therefore its Constitution. The Constitution emphasizes that Switzerland is neutral and "we oppose sanctions".

Germany is eager to return the "Beixi -1" turbine, while Russia claims that the procedures are not complete.

On August 3rd, German Chancellor Angela Scholz said at a news conference that the "Beixi -1" turbine was shipped to Germany after its maintenance in Canada, and the German side did not create any obstacles. Peskov, a spokesman for the Kremlin of the Russian Presidential Palace, responded that Russia needs documents to prove that the turbine is not subject to Western sanctions. Wolfgang Buechner, deputy spokesman of the German government, later refuted peskov’s statement, saying that the transportation of turbines did not need such "sanctions exemption" documents.

On August 3, 2022, in Milheim, Germany, German Chancellor Olaf Scholz (right) and Siemens Energy CEO Christian bruch stood in front of the turbine to be used in the Russian Nord Stream-1 natural gas pipeline in Siemens Energy Company. People’s visual map

Gazprom recently said that the natural gas supplied to Germany through the "Beixi -1" pipeline will be reduced to 20% of the gas transmission capacity from July 27, which further reduced the natural gas supply to Europe. As soon as the news was announced on the 26th, the price of natural gas in Europe jumped to five times that of a year ago. According to the company, the transportation delay of the "Beixi -1" turbine is one of the reasons for the reduction of natural gas supply.