How long can gold keep heating up?

  Recently, the gold market has started a rising mode, and gold futures and spot prices have hit record highs. Since March, the international gold price has increased by more than 6% in less than 10 trading days. As an interest-free asset, why did the price of gold rise strongly? How long can the "gold fever" last in the future? The reporter conducted an interview.

  International and domestic gold prices rose collectively.

  "After the price of gold fluctuated and rose in 2023, most of the market expected that it would hit a new high in 2024, but it was generally expected to be around the middle of the year. I didn’t expect it to come so fast." Referring to the recent strong rally in the gold market, gold market analyst Cheng Wei told reporters.

  Since March, gold futures in new york market once stood above $2,200 per ounce. By mid-day trading on the 12th, new york gold futures were still hovering around $2,190 per ounce, with a cumulative increase of more than 6% in less than 10 trading days. Driven by this, the price of gold denominated in RMB also rose strongly. AU99.99, which is active in spot gold trading in Shanghai Gold Exchange, and the main contract of gold futures in Shanghai Futures Exchange both rose to about 508 yuan per gram, and the market increased by more than 5% in the same period.

  In the terminal market, the quotation of gold jewelry in most gold shops is above 650 yuan per gram, and the quotation of investment gold bars is above 520 yuan per gram. On March 11th, the reporter saw in many gold shops in Shanghai that consumers’ enthusiasm for gold was still high. Wang Ling, a consumer, told reporters that the plan to buy gold ornaments for the elderly in the second half of the year was advanced after seeing the recent rapid rise in the price of gold.

  It is worth noting that with the strong rise of gold price, the market disputes about the time of buying and selling again, and some investors who bought at a lower cost in the early stage also chose to sell at a high point to "realize".

  Why did the price of gold rise strongly?

  Why did the price of gold rise strongly at the beginning of the year? "This year, the gold market seems to be replicating the market performance in early 2023." Cheng Wei believes that at the beginning of 2023, the depreciation of the US dollar and a series of risk events such as the bankruptcy of Silicon Valley banks have become the main driving factors for the rise of gold prices. Recently, the expectation of monetary policy shift in Europe and the United States and the continued geopolitical risk concerns have become the main driving factors.

  "The recent rise in gold prices, on the one hand, is that the Fed’s interest rate cut expectation continues to heat up, on the other hand, the demand for physical consumption is strong, which also makes gold assets perform better than other assets." Lu Weijia, trading director of Hershey Precious Metals in China, believes that some economic data in the United States have slowed down investors’ worries about inflation, and the market’s bet on interest rate cuts has warmed up again. Although the gold held by SPDR, the world’s largest gold ETF fund, has declined, the increase in holdings by the central banks of China and Turkey has made up for the outflow of the market, and the strong consumption of gold during the Spring Festival in China may continue to increase.

  However, some analysts also pointed out that the current gold price has been included in the interest rate cut expectations of some European and American central banks, and investors still need to be cautious in chasing up. "From the perspective of driving factors, hedging is another important factor driving the rise of gold prices." Cheng Wei believes that geopolitical events have driven the market’s risk aversion, but the impact of geopolitical events on the market is often short-lived.

  High-level "speculation" needs to be cautious.

  Every time the gold market rises sharply, there will always be a large number of "swarming" entrants in the domestic market, and this time is no exception. On social media platforms such as Xiaohongshu and Weibo, a large number of young consumers share their experiences in selecting, matching and purchasing, which further drives young people to recognize the consumption of gold ornaments and the investment in gold bars.

  Experts in the industry believe that investment still needs to be rational, especially when the price of gold is relatively high, and participation in the gold market should be based on "stability". At present, there are many gold investment tools that domestic investors can choose, including high-risk and high-yield gold spot and futures trading, and its leveraged trading characteristics make investors face greater fluctuation gains and losses than market conditions; There are also precious metal wallets, physical gold bars, ETF funds and gold wealth management products launched by financial institutions. Investors should choose investment channels suitable for their own needs.

  "For ordinary investors, investing in the gold market should be more based on long-term investment." According to experts in the gold market, such as Jiang Shu, historically, the price of gold and other assets such as stocks fluctuates in the same direction, so overseas investors often invest a fixed proportion of assets in gold, on the one hand, to play the role of maintaining the value of gold, on the other hand, they can also use the fluctuation characteristics of gold and other assets to stabilize the income of the entire portfolio.

  For high-risk and high-yield investments, the timing of buying and selling is the key, and most investors need to "do more homework" to grasp the "golden opportunity". Industry experts also pointed out that although the recent rapid rise in the gold market has raised investors’ expectations, the risk of high market level needs to be vigilant. "In the short term, the gold market has been overdrawn for some time to come. Once the market expectation is repaired, the price of gold is likely to fall back quickly." (According to Xinhua News Agency)

[Editor in charge:

]

One-week inventory | Xiaomi Group Hong Kong stocks rose 11.16% last week.

[trend of individual stocks]

11 March to 15 March

Last week, the Hang Seng Index rose by 2.25% and the Hang Seng Technology Index rose by 4.85%.

Xiaomi Group -W Hong Kong stocks rose 11.16% last week.Last week, the total turnover was HK$ 9.726 billion. As of last week’s close, the stock price of Hong Kong stocks was HK$ 1.454 and the market value was HK$ 362.750 billion. Hong Kong stocks rose 9.98% this month, fell 6.79% this year and rose 28.22% in the past 52 weeks.

[Company comparison]

Securities code Securities abbreviation Latest price Last week’s ups and downs Up and down this month Up and down this year 52-week ups and downs BB blackberry $2.85 3.26% 2.52% -19.49% -23.39% MSFT Microsoft $416.42 2.51% 0.67% 10.74% 49.02% AAPL apple $172.62 1.11% -4.5% -10.34% 11.37% 01810 Xiaomi group -W HK$ 14.54 11.16% 9.98% -6.79% 28.22% 02382 Shunyu optics technology HK$ 52.90 6.12% 4.13% -25.34% -41.22% 01478 Qiutai technology HK$ 3.26 4.15% 5.16% -26.58% -23.65% 02018 Ruisheng technology HK$ 22.45 1.58% 15.36% -3.23% 33.95% 02038 Fuzhikang group 0.50 hong kong dollars 0% 3.09% -18.03% -39.76% 00285 Byd electronic HK$ 29.50 -0.84% -0.34% -19.4% 36.57%

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(): It is in contact with Xiaomi Automobile, and it is currently in the material data docking stage.

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Wuhan University and Xiaomi set up Robotics Department

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Xiaomi has applied to register several SU7 trademarks.

Xiaomi Automobile announced that SU7 will be officially released on March 28th. According to Tianyancha’s intellectual property information, in November 2023, Xiaomi Technology Co., Ltd. applied for the registration of several trademarks such as Xiaomi SU7”“XIAOMI SU7 PRO”“XIAOMI SU. The international classification involves transportation, advertising sales and website services, and the current trademark status is awaiting substantive examination. In addition, recently, the company also applied for a number of "MIEV" graphic trademarks, and the current trademark status is all under application.

Lei Jun: Xiaomi SU7 will be officially released on March 28th.

Lei Jun released Weibo, saying, "On March 28th, Xiaomi SU7 was officially released, which is our three-year contract."

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Legal experts can’t handle academic counterfeiting. Who will judge plagiarism?

  When the duplicate checking report showed that the document copy ratio of the paper was over 50%, Yao Hongjun once thought that the plagiarism he wanted to report was "certain".

  The associate professor of the School of Law of Shanghai University of Political Science and Law has been concerned that Hou Huaixia, the president of our school, is suspected of "plagiarism" for 9 years. The duplicate check report of China HowNet provided by him shows that the copy ratio of Hou’s doctoral thesis is 55% except his published literature, and the other five journal articles are 97.8%, 69.1%, 55.4%, 53.1% and 47.6% respectively.

  Relying on these duplicate checking reports, he wrote a tip-off letter to the higher education authorities, reflected the situation with the schools involved, called the authors of journals and papers one by one, and posted on the Internet. The result was without exception.

  The Shanghai University of Political Science and Law, where Hou Huaixia works, responded that it did not constitute academic misconduct, and China Ocean University, the alma mater who awarded him his doctorate, recognized it as "not minor plagiarism". A professor from the Academic Committee of Haida University made it clear that Hou’s paper was flawed, but it was by no means plagiarized. "The survey materials are informative, and we are always waiting to report to the relevant departments."

  Yao Hongjun, who passed the judicial examination with a score of 272 and studied intellectual property law, was puzzled. In order to find out the facts, the information in his computer has been saved for several g’s, but it seems that the more information he has, the farther away he is from the truth.

  In fact, not only Yao Hongjun, but also the experts who participated in the evaluation are faced with difficulties: there are errors in duplicate checking of HowNet, manual evaluation is not trusted, and there is no unified standard for academic plagiarism … …

  Faced with this "plagiarism" appraisal, they are also thinking: when academic plagiarism is discussed overwhelmingly, what is the most accurate evaluation standard? Where is the boundary between plagiarism and non-plagiarism?

  Experts "deny" the results of the duplicate checking system.

  As a colleague, Yao Hongjun first paid attention to Hou Huaixia’s "suspected plagiarism" in May 2010. After reading a paper she published in a journal, he suddenly felt "some problems".

  He has read many articles by Hou Huaixia. "She has published many articles in a wide range of fields, including litigation law, advertising law, environmental law, intellectual property rights, foreign investment and corporate responsibility, but her research direction is relatively fixed, and the research in the legal field has been subdivided in 2000." In Yao Hongjun’s view, such a "multi-faceted attack" by Hou Huaixia is basically impossible.

  Yao Hongjun put many academic articles of Hou Huaixia into HowNet to check them again. Among them, Hou Huaixia’s doctoral thesis "Research on Environmental Rights and Their Relief in Private Law" is shown in the duplicate check report of HowNet, which coincides with the contents of 25 published papers.

  According to the statistics of each chapter, the copy ratio of Hou Wen excluding his published literature is: preface 30.6%; The first chapter is 49.8%; Chapter II 54.1%; Chapter III 57%; Chapter IV 62.8%; Yao Hongjun calculated that, on the whole, the copy ratio of the whole article except my published literature is about 55%.

  This report on duplicate checking of HowNet was generated in 2015, and Hou Huaixia passed the defense on June 6, 2008. The copied articles listed in the report also included some articles published after the publication of Hou Wen.

  In order to "prevent errors", Yao Hongjun conducted a manual comparison. He circled the words in Hou Wen that were more similar to others. "The most conservative estimate is more than 60,000 words."

  Hou Huaixia’s doctoral thesis has a total of more than 160,000 words. According to Yao Hongjun’s algorithm, these similarities account for at least 36% of this thesis.

  In 2010, China Ocean University, where Hou Huaixia graduated, promulgated the Measures for Handling Academic Misconduct of Postgraduates of China Ocean University, in which Article 10 states: The whole paragraph with the same content accounts for more than 30% of the whole academic achievement, or the academic achievement of others is regarded as the main part or substantial part of his own academic achievement, which constitutes serious plagiarism; It accounts for 10% and is not the main innovation, which also constitutes mild plagiarism.

  Official website from the Graduate School of Shanghai University of Political Science and Law shows that Hou Huaixia was admitted to China Ocean University in 2004, majoring in environmental planning and management (direction of environmental resources law). On June 6th, 2008, she finished her graduation thesis.

  According to the duplicate checking report of HowNet provided by Yao Hongjun, another five journal articles of Hou Huaixia were also accused of plagiarism. Analysis of the Meaning of Monopoly published in 2004, Establishment and Perfection of China’s Credit System published in 2006, On the Environmental Rights in the Constitution and on the Commercial Subject Nature of Sole proprietorship Enterprises published in 2007, and On the Environmental Rights in Human Rights Law published in 2009, except for my published documents, these papers accounted for 53.1% and 69.1% respectively.

  Yao Hongjun believes that these data show that plagiarism is a clear fact. However, the conclusion given by academic degree evaluation committee Office of China Ocean University is that Hou Huaixia’s doctoral thesis is not enough to constitute mild plagiarism; The conclusion of Shanghai University of Political Science and Law is that Hou Huaixia’s journal articles do not constitute academic misconduct.

  This "fact" was also refuted by Hou Huaixia himself. She told China Youth Daily and Zhongqing Online reporter that copying is marked by common sense and laws and regulations, and she either directly quoted or indirectly used other people’s opinions. "This academic norm is allowed."

  Hou Huaixia insisted: "I didn’t infringe and take other people’s things in any way. Whether I copied the current school has reached a conclusion. These conclusions are based."

  She also said that one of the journal articles, "On the Commercial Subject Nature of Sole proprietorship Enterprises", was actually "copied by others, and I published the essays first". As for the specific information of this collection of essays, she said that "time is too long to remember."

  "I don’t have those problems. If it really constitutes plagiarism, I am willing to bear any responsibility. " Hou Huaixia said.

  Believe in machines or people?

  Yao Hongjun couldn’t understand: "I also studied law. Isn’t it enough to confirm that the evidence in black and white is here?"

  In his view, the high "copy ratio" is an irrefutable fact.

  However, in the eyes of Li Qi, an expert who participated in the appraisal of Hou Huaixia’s thesis by the Academic Committee of China Ocean University, the figures in the duplicate checking report are not necessarily convincing.

  Li Qi admitted that "Hou Huaixia’s paper is flawed", but he also stressed that "this is by no means plagiarism".

  According to him, the duplicate checking of HowNet will mark the same sentences, but it can’t make a more subtle division. In particular, Hou’s doctoral thesis belongs to the category of law, which involves citing a large number of laws and regulations.

  In his impression, Hou Wenzhong was reported the same part, covering popular science narrative, news reports, and related laws and regulations, which should be comprehensively judged according to the actual situation.

  "Some historical summaries are sometimes inaccurate in their own words. It is better to directly quote existing statements." Li Qi said. "Checking the duplicate of HowNet cannot be used as the only criterion to judge academic plagiarism."

  Since 2007, the problem of academic misconduct has been paid more and more attention. Some colleges and universities require that both master’s thesis and doctoral thesis need to be checked by CNKI, and only after passing the test can the thesis be defended. This requirement has subsequently been extended to the undergraduate stage.

  Compared with manual screening, its database is huge, the screening standard is unified, and the working cycle is short. In the face of an increasing number of papers, it ensures the review speed, and it has gradually become an irreplaceable "first line of defense" for academic screening.

  In 2012, the Ministry of Education promulgated the Measures for Handling False Dissertations, and in 2014, it promulgated the Measures for Sampling Doctoral Dissertations. Judging from Baidu’s search index, the search index of HowNet’s duplicate checking has increased since 2012.

  However, even though HowNet duplicate checking is a relatively reliable duplicate checking tool in China at present, there is a certain difference between machine detection and human identification, and some disputes about academic problem identification often arise as a result.

  Li Qi said that after the introduction of HowNet, academic circles often regard "copy ratio" as the only criterion to judge whether a paper is qualified or not. The problem is that many excellent papers are promoted on the basis of existing achievements, and there are outstanding innovations, but there may also be many similarities, which are easy to be copied and killed by this indicator; Others have found a shortcut — — You can have no opinion, but you should be able to package it in a fresh way.

  In Li Qi’s view, on the one hand, HowNet does ensure the originality of the paper, but at the same time, it also "encircles the gentleman and lets go of the villain".

  This loophole has been rigidly pegged by many people. In the market, a so-called "anti-knowledge network duplicate checking" became popular, and various paper detection systems came into being. Open Taobao, and the software that sells more than 550,000 pens a month can also provide "weight reduction" service.

  Take this software, for example, it can automatically calculate the "weight reduction" price of the paper according to the duplicate check of the paper. If the demand is urgent, it will need to add more money after 24 hours of processing. During the graduation season, the price of the paper check and the "weight reduction" service in this shop rises sharply.

  It has been concluded that those who attempt to plagiarize can avoid the duplicate checking of HowNet in various ways, while those who devote themselves to the creation may not pass because of citation problems.

  "In the final analysis, the existence of the HowNet duplicate checking system is for convenience, not absolute." Chu Zhaohui, a researcher at the China Academy of Educational Sciences, said, "Whether academic misconduct should be judged by professional organizations and professionals."

  Xiong Wenzhao, a professor at the Law School of Minzu University of China who has paid attention to many academic plagiarism incidents, also agrees with this statement. He said that the similarity of the statistics of HowNet’s duplicate checking system can be used as a hint, and whether it constitutes plagiarism must be further identified and analyzed.

  Among the numerous academic misconduct, most of the targets of academic counterfeiting come from obvious plagiarists who directly carry other people’s works. As a more subtle way, "soft" plagiarism is not easy to attract people’s attention.

  Besides "softness", there is a broader category — — "Hidden" plagiarism. A student studying in a well-known domestic university revealed to the reporter of China Youth Daily and Zhongqing Online that his graduation thesis co-authored with his tutor was "occupied" privately by his tutor: abbreviated as a short paper, and secretly published in a journal in his own name. The tutor explained that only one author appeared as a "periodical requirement"; However, the journal responded that "this situation is basically impossible".

  Even for professional organizations and professionals, it is a difficult problem to identify and analyze plagiarism. For example, what can be the criterion for judging plagiarism in the middle zone where the boundaries are not clear?

  Li Qi’s method is to judge whether the author has put forward a new point of view. But the problem is, "the opinion machine can’t recognize it and needs to rely on human evaluation. But people are hard to be trusted. "

  They can only return to the software again, and the professor is helpless, "but the software can’t be error-free."

  In fact, in foreign countries, screening papers mainly rely on such anti-plagiarism detection systems. Turnitin is the most widely used system in foreign universities.

  Turnitin will compare the documents uploaded by users with the articles in the background database, calculate the proportion of similarity, and "original report" containing a lot of relevant information.

  But this system has an extremely huge database: over ten thousand different periodicals and magazines, millions of books and tens of billions of web pages. It also adopts intelligent corpus technology — — Even if you rewrite the original, it will be exposed.

  Can new technology detect old problems?

  Liu Huirong, who was written by Hou Huaixia in his doctoral thesis "Thanks", is now the Party Secretary of the School of Law and Politics of China Ocean University. Hou Huaixia said that Liu is his friend, former leader and colleague, and he gave himself a lot of encouragement during his reading.

  Liu Huirong told the China Youth Daily and Zhongqing Online reporter that in 2008, at that time, there was no means to check the defense in the college. The review of Hou’s thesis is the review of the content by the members of the defense team through several layers of comments.

  "There was no problem at the time." She stressed.

  In her view, the problem is the report itself. "Hou’s doctoral thesis was published in 2008, and the whistleblower was detected by HowNet’s duplicate checking software in 2015. This is to detect past articles with current software and standards."

  She said that, firstly, the articles that HowNet detected as "reference" covered the articles published after Hou Wen’s publication, and it is hard to say who can learn from them; Secondly, the times are different, and it is not reasonable to trace and characterize the academic misconduct of past articles with the current standards. Even from a legal point of view, there is a saying that let bygones be bygones.

  In 2009, the Ministry of Education promulgated the Guidelines for Academic Norms of Humanities and Social Sciences in Colleges and Universities. In fact, after being accused of plagiarism, there are always universities and parties who respond: "The published papers were published earlier than the various specifications."

  Zhang Shiyou, a professor at the School of Politics of Chongqing Normal University, has been teaching for 21 years, and 10 papers have been accused of plagiarism. During this period, the title was promoted from lecturer to professor and transferred to another university. At least 8 of these papers "quoted" a large number of references at the end of the paper, and some almost all of them were composed of multiple references.

  In this regard, Zhang Shiyou gave the statement that most of the reported papers were published before 2005. "Does it constitute so-called academic plagiarism or academic misconduct? It is really different from the standards 10 years ago."

  Cai Hongying, dean of the School of Finance and Public Administration of Hubei University of Economics, was publicly reported for "academic misconduct". More than half of her two papers quoted other people’s published papers. The monographs published during her Ph.D. were similar to those published by others in some chapters, and two articles were suspected of being submitted for more than one manuscript.

  However, the academic committee of the school decided that the publication time of Cai Hongying’s two papers was before the implementation of the regulations. At that time, the academic research management in the humanities and social sciences in colleges and universities across the country had not been fully standardized, and the phenomenon that the citations were not standardized was common, which was also allowed by the magazines that published the two papers. "There are academic problems that are not standardized, but they do not belong to ‘ Academic misconduct ’ Behavior. "

  Although it has long been strange, in Xiong Wenzhao’s view, "old problems cannot be traced back with new technology", the key point is to distinguish whether the main criteria for judging plagiarism have not changed for a long time — — For example, no matter what period, large-scale overlap is not allowed.

  "In the case of certain standards, this is just using new technologies to detect problems that have not been discovered before." He said.

  Who is in charge of plagiarism or not?

  As a member of the Academic Committee of China Ocean University, Li Qi remembers that after receiving the report materials, the school set up an expert group, but it was a "heavy workload" to study Dr. Hou Huaixia’s thesis.

  From analyzing the paper to writing the report, Li Qi spent two whole days. Plus some procedures stipulated by the school, it took almost a month before and after.

  He studied all the relevant domestic and foreign norms, but found that there are still many vague areas that cannot be covered by the provisions. He even created a set of evaluation criteria, holding the paper "word by word", but whether the paper is plagiarized is still "a very difficult thing to define".

  "First of all, there is no regulation on plagiarism at home and abroad; Secondly, specific to each paper, hard standards do not work, depending on the situation. " He said that this process needs a lot of discussion and discussion, and there is no way to apply the duplicate checking system mechanically.

  He said that the Academic Committee of China Ocean University was "independent" and had gone through all the necessary procedures as required. He himself did not keep the detailed analysis report of Hou’s thesis.

  China Youth Daily Zhongqing Online reporter contacted the Academic Committee of the Law School of China Ocean University, and the other party said that the relevant situation was in the charge of the discipline construction and degree management office of the graduate school, and no one answered the phone of the office.

  However, such a review result, which made Li Qi struggle, was not recognized by the reporter Yao Hongjun.

  For a long time, professors in colleges and universities have been accused of "plagiarism" and submitted to the academic Committee of the university for review, and the conclusions are mostly "over-quoted" or irregular, which has also been questioned as "demotion".

  Xiong Bingqi, vice president of 21st Century Education Research Institute, believes that the independence of academic committee is very important to the review results.

  At present, the scientific research departments under the academic committees of many universities in China, even independent institutions, may be interfered by administrative factors, and it is difficult to ensure that the review of reports is fair enough.

  Moreover, identifying plagiarism is not just a difficult problem for colleges and universities. Many periodical articles reported by Yao Hongjun that Hou Huaixia was suspected of plagiarism were published before the publication of HowNet duplicate checking system.

  China Youth Daily Zhongqing Online reporter contacted Journal of Suzhou University and Journal of Zhengzhou University (Philosophy and Social Sciences Edition), which Hou Huaixia had published.

  As a core journal, Kang Jingkui, the editor of Journal of Suzhou University who was in charge of Hou Huaixia’s articles, said that according to the current processing method, the delivered articles were first screened by HowNet, and the copy ratio was less than 20% before entering the editing process. At that time, the screening process of publications provided opinions for preliminary duplicate checking and external audit experts, which were all passed, and then the editorial department typesetted according to the situation.

  Today, Kang Jingkui can’t remember the specific duplicate checking operation at that time. He recalled to the China Youth Daily and Zhongqing Online reporter, "See if anyone else has sent similar articles before, whether it is more than one manuscript, and also look at the author’s academic background."

  "Most of them are based on impression, according to the usual grasp of the manuscript". He said, "At best."

  Su Wei, the head of the economics section of Journal of Zhengzhou University (Philosophy and Social Sciences Edition), also gave a similar response.

  "At that time, before the duplicate checking system appeared, there was simply no systematic duplicate checking." He explained that in general, the editorial department will search the full text of the submitted article on Baidu; After that, experts review, relying on experts’ familiarity with the author and the field, and sometimes intuition, to see if the article is inconsistent with the author’s professional title, education and research direction.

  "We are also very difficult. If the author copies a whole book, it is difficult for us to know. " He repeatedly stressed, "It was really hard at that time."

  "The biggest problem in the field of academic evaluation in China is non-standardization. First, the authors are not standardized, and second, academic journals are not standardized when publishing manuscripts." Chu Zhaohui said.

  In this regard, Chu Zhaohui’s suggestion is to strengthen the construction of third-party evaluation institutions outside the school, so that third-party institutions can judge the facts, and then the school administrative department will impose penalties.

  Difficult road to safeguarding rights

  These mechanisms have not been established yet. As a whistleblower, Yao Hongjun said that he spent most of his time waiting for this report.

  Since May 2015, he began to report the materials in his hand. More than a year passed, and Yao Hongjun and others came to the Letter of Notification of Investigation Conclusions made by academic degree evaluation committee Office of China Ocean University.

  In December of the same year, Yao Hongjun began to report Hou Huaixia’s academic misconduct to the Shanghai University of Political Science and Law where Hou Huaixia worked. Unexpectedly, things dragged on for more than a year.

  "Even according to the regulations, the processing period is at most 90 working days." Yao Hongjun said, in fact, Article 8 of the Detailed Rules for the Implementation of the Construction of the Style of Study of Shanghai University of Political Science and Law also states that after receiving the report, the school should formally organize personnel to conduct an investigation within 30 working days, and the investigation team should complete the stipulation of fact finding within 60 working days.

  On June 9, 2017, Shanghai University of Political Science and Law gave the conclusion, which stated: "The establishment and perfection of China’s credit system" and "On the commercial subject nature of sole proprietorship enterprises" published by Hou Huaixia in the name of Shanghai University of Political Science and Law do not constitute academic misconduct. "

  On July 5, 2017, Yao Hongjun applied to Shanghai University of Political Science and Law again, asking it to make the accreditation standards public and make a new accreditation.

  This time, the school gave a quick answer. Two weeks later, Yao Hongjun received the results, saying, "Re-appraisal is tantamount to repeating procedures and appraisals, wasting resources, and the academic committee of the university will not accept this application for review", but it did not respond to the requirements of the public accreditation standards.

  Yao Hongjun, who studies law, can’t recognize such a result, and he still wants an "absolute truth".

  According to the Science and Engineering Index released by the National Science Foundation in 2018, China surpassed the United States for the first time in the number of published papers, but the citation rate of American papers was higher. According to the statistics of AEIC Academic Exchange Center, last year, there were 15 publicly discussed plagiarism incidents in Chinese universities, among which there were many first-class universities in China.

  This is also one of the reasons why he insisted on reporting. In Yao Hongjun’s view, figuring out the vague areas of Hou Huaixia’s papers is not only related to individuals, but also related to the overall standards of academic evaluation in China.

  "In the school of political science and law, especially among doctors of law, all standards and rules, even hidden rules, can be discussed." He said.

  (At the request of the interviewee, Li Qi and Su Wei are pseudonyms.)

  China Youth Daily Zhongqing Online Reporter Wang Jingshuo Intern Guo Xiaoyang An Fengyi

Geely Automobile New Energy Another "Dark Horse" Attacks Geely Geometry.

Mature middle-aged people always like sedate cars. The atmospheric design and exquisite interior are the characteristics of this kind of cars, which are suitable for home and business. Nowadays, consumers pay more and more attention to space when buying a car, which is worth mentioning in terms of space performance. Let’s take a look at its performance.

First of all, from the appearance, the head of Geely Geometry E firefly has taken a round and lovely route as a whole, which makes people unforgettable. At the same time, the headlights present a fashionable and sporty design style, and the design is relatively simple. The car is equipped with automatic opening and closing, delayed closing and so on. Coming to the side of the car body, the size of the car body is 4006MM*1765MM*1550MM, and the car adopts avant-garde lines, which gives people a very delicate feeling. With large-sized thick-walled tires, the overall visual effect is very sharp. In the design of the rear end, the overall shape of the Geely Geometry E firefly rear end echoes the front end, and the taillights are very beautiful, creating a good gas field.

Coming into the car, the overall visual effect of Geely Geometry E firefly interior is very distinctive, and the visual effect is very good. The steering wheel of the car is very exquisite in shape, made of leather, and stylish and generous in shape. Take a look at the central control, and with the 10.25-inch touch-sensitive LCD central control screen, the interior design is quite layered and looks quite soft. The dashboard and seats are equally eye-catching. The car is equipped with a domineering dashboard, which is full of technology. The car adopts imitation leather seats, which are wide and thick, and the overall comfort is good.

Geely Geometry E Firefly matching gearbox, 60KW, 130N.m, with good power performance.

The car is equipped with driving mode selection, remote control key, Bluetooth key, traction control (ASR/TCS, etc.), Bluetooth /WIFI connection, cruise control and other configurations, and the configuration performance is quite good, bringing drivers and passengers a comfortable car experience.

To sum up: the car is a very suitable choice for many families with a moderate size, and the internal space is enough for daily use.

"All the way forward" fixed file 8.6 director Hou Liang praised Chen He’s acting skills

    Directed by Hou Liang, the youth hilarious comedy starring Chen He, Yao Xingtong, Chang Yuan, Zhang Songwen and others will be released in major cinemas across the country on August 6. The movie "All the Way Forward" is adapted from the popular youth novel "Graduation Year" and tells a hilarious and touching story: Cainiao Newton (played by Chen He), who has just graduated from college for a year, has a crush on the office Muse Yao Yao (played by Yao Xingtong), but he is afraid to pursue it because Yao Yao has "a famous flower". At the same time, the young people in the unit suddenly get a great opportunity: the department will send a young man to work in New York.

   So Newton and his beloved Yao Yao became competitors again. The best friend Carnegie (played by Chang Yuan) came to help, wanting to make Newton’s love and career both prosperous, but in the end, the scene was like a runaway horse, and it got out of hand. The sullen boss, Dr. Li (played by Zhang Songwen), and the enchanting sycophant Jiao Bin (played by Lu Haitao) continued to make trouble in the open and secret, making Newton confused and even bloody in the workplace… In the end, could Newton have a double harvest in love and career?

    According to director Hou Liang, Chen He has already surpassed the simple "acting cute" in his acting skills. In "All the Way Forward", Chen He portrays a cute, kind, and even childish little character to be vivid and three points into the wood; in terms of drama, emotion, and even occasionally the darkness of the little character in a desperate situation – I believe the audience will see a different Chen He in Cainiao Newton in the workplace, as well as his own shadow in work and life.
     
    In order to truly restore the state of the little people in the workplace, the director Hou Liang used the "sports long shot" shooting method in several major scenes, with one shot taking two or three minutes at a time. This shooting method tests the acting skills of the actors the most – the actors not only need to accurately complete their performances, but also need to coordinate with the complex movements of the camera. Even if there is a one-second error, the camera must be re-shot.

 
    There is a scene in the film that takes place at Newton’s house. It is about Newton bringing his colleague Yao Yao to his house as a guest, but he coincidentally encounters Carnegie with a strange girl, and then his colleague Jiao Bin also gets involved. The final scene is a mess, and Newton is very embarrassed in front of his beloved Yao Yao. The camera follows the actor’s position – first from Jiao Bin on the first floor to Newton and Yao Yao on the second floor (Newton’s house is a simple duplex structure), and then follows Newton to the first floor; then Carnegie comes in through the door, and the camera follows Carnegie to the second floor. When Carnegie is making out with a strange girl here, Newton goes upstairs… After all the actors’ performances are completed, the camera pulls out from the window to see the whole room.
   
    Director Hou Liang said that the focus of this scene was on Chen He’s role as Newton. There were seven shots in total during the actual shooting, and Chen He performed well in any one – the problem was caused by other reasons. This made the creators and staff surprised and even admired Chen He’s acting skills. The long motion shot was later cut out for censorship reasons, and the middle part was turned into two shots. Even so, the audience can still appreciate the wonderful performance of Chen He and other stars.

Nicholas Tse was busy making money in the mainland, singing "Yellow People" to lead to a climax (photo)

Feature: Picture Channel

  


profile picture


  Tencent Entertainment News: On April 28, 2008, in Wuhan, Nicholas Tse, who was rushing to shoot the movie "Wind and Cloud II" directed by the Peng Brothers, took the time the day before yesterday (April 26) to attend the real estate event in Chengdu with the first sister of the Emperor, Joey Yung, and then rushed to Wuhan as a performance guest at the "3rd China Expo Opening Ceremony". Nicholas Tse, who is very popular in the mainland, sang "Yellow People" at the party, which brought the event to a climax. After the party, he rushed back to Thailand to continue filming "Wind and Cloud II".


  Nicholas Tse and Joey Yung attended the real estate event in Chengdu the day before yesterday. It is reported that after the two visited the real estate event earlier, the popularity of the property led to a hot sale, so the property once again invited Nicholas Tse as a ribbon-cutting guest.


  Popular Daiwang Real Estate


  After the event, Nicholas Tse rushed to Wuhan to attend the "3rd China Expo Opening Ceremony Art Gala" as a guest performer. Nicholas Tse was the finale performer of the party, singing "Yellow People" to drive the atmosphere of the audience. In addition, the general director of the conference also specially arranged a fight between Henan Shaolin Wushu Performance Troupe and Hubei Wudang Wushu Performance Troupe. Its wonderful performance made Nicholas Tse, who has always been fond of martial arts, have the urge to run on stage and fight with them.

Jackie Chan won another world award! After nearly 60 years of hard work, he said he never wanted to give up

1905 movie network feature "I’ve been in the movie business for 59 years, and I’ve been doing action comedy almost all those years because I love seeing people laugh in theaters and it makes me happy."

 

Jackie Chan recently announced the good news on Weibo, because he has just won the "Britannia Award", which is known as the "British Oscar".

 

The "Britannia Awards" are film awards established by the British Academy of Film and Television Arts in Los Angeles in 1989 to recognize artists who have made contributions to entertainment around the world.

 

This time Jackie Chan won the "Albert R. Broccoli Award" of the "Britannia Awards", which is designed to recognize outstanding artists and filmmakers who have been iconic and pioneering, and have had a profound impact on the global entertainment industry.

At the awards ceremony, Jackie Chan received the award from Van Diesel. He also wore a Mao suit and held a national treasure panda doll as usual to attend foreign events, continuing to spread and promote China’s excellent culture to the world.

 

This is another iconic international award that Jackie Chan has won after winning the 89th Academy Awards Lifetime Achievement Award two years ago.



"In his more than 50-year career, Jackie Chan has become a beloved and respected figure," the official review of the Britannia Awards reads.We all know him and love his innovative stunt work and his unique blend of kung fu and comedy."

 

After winning the award, Jackie Chan accepted our exclusive interview. He told us: "For action filmmakers, this process is more difficult, and they have to pay more than others. Sweat, tears, blood, injuries accumulated over the years, and uninterrupted life and death tests. The struggle until now is actually to stand on the world stage to win more applause and respect."


 

From stuntman stunts just to earn a meal to leading the trend of kung fu movies and becoming famous in the world of film, Jackie Chan not only persisted, but more importantly, his continuous innovation of kung fu movies, "To ensure that people will not be repeated experience, can not disappoint the audience, this is why I have persisted for almost 60 years."

 

In recent years, the number of movies Jackie Chan has made has not decreased, and the quality has been high and low. The increase in age and the injuries caused by filming can indeed hinder the performance and creation of action filmmakers, but Jackie Chan also said that even if there is pressure, he has never thought of giving upI’m over 60 years old and still don’t dare to slack off. I still have to keep trying new things.


Kung Fu movies are at war with technology and require constant innovation

 

"If you don’t innovate, you can’t go far, movies are like this, and kung fu movies are even more like this." Looking back at Jackie Chan’s works since he entered the industry, he has been pioneering and innovating his own films.


 

In 1978, "Serpentine Diaoshou" and "Drunken Fist" were the beginning of "Jackie Chan Kung Fu Comedy," unlike the real kung fu that used to be all about hard bridges and horses.He skillfully incorporated comedy elements into the action design, and also changed the image of a tough guy in traditional kung fu movies in the film, creating a witty and kind "kung fu boy", which was very popular.

 

Soon, the name Jackie Chan became a big name in kung fu movies, and he became the true "author" of his own films – a combination of director, screenwriter, starring role, action director, stunt performance and more.



Later, he ventured into Hollywood, learned the advanced production methods and cultural concepts of Hollywood at that time, and began to serve as a producer. After playing the police many times in the "Lucky Star Series" directed by Samuel Hung, Jackie Chan also began to play the role of the police in his own films.

 

And the series are two major representativesThe innovation lies in combining Chinese kung fu films with Western modern police and gangster filmsIt solves the problem of how traditional kung fu and gun technology can face and present each other in action movies.


 

Since the 1990s, Jackie Chan’s movie map has gradually spanned the five continents of the worldJackie Chan’s police character has also been upgraded to an international agent, fully opening up the global market.

 

Jackie Chan’s Kung Fu comedy has gradually become a Chinese calling card for world movies and a unique cultural landscape of film entertainment.


The reason why it lasts for a long time is that Jackie Chan’s fighting scenes are always innovative, imaginative and entertaining.He will use all the available props in the live environment and arrange them step by step into the action program, which is full of tricks and will not make the audience feel bored.

 

Therefore, we often see his injuries at the end of the movie, and there are countless injury records that can be listed. When it was released, some fans drew a picture of Jackie Chan’s whole body injuries, from head to toe, almost every part of his body suffered.


 

The film insists on no stunts, no stuntmen, and praise if there are comments: "If you go back to the silent film era, Jackie Chan would become a great actor like Buster Keaton."

 

Jackie Chan is 65 years old this year, and he is still on the front line of the studio. Every time he arrives at the New Year or Spring Festival, he can be seen on the screen with his active movements and figures. Although the quality of films in recent years cannot be compared with the glorious period, it is better to continue to experiment and explore the creative field of kung fu films on the basis of success.



Jackie Chan believes that, "Kung Fu movies are at war with film technology. Film technology has developed to omnipotent, capable of creating unimaginable visual wonders, enabling ordinary people on the big screen to complete beautiful actions and transform themselves.But kung fu movies can only rely on our own experience, one punch, one kick, one knife and one shot."

 

Therefore, after Chinese kung fu films became available to the world, Jackie Chan hoped to have more new ways to win the audience’s trust and liking, and he is also working hard on this path.

In recent years,Jackie Chan’s films continue to increase cooperation with overseas film institutions, seeking new ideas in large-scale multinational productions: Filmed in India, incorporating local song and dance elements; released on the first day of the new year next year, it will be filmed around the world, and the adventure will be upgraded.

 

From the zodiac,Introduce modern high-tech equipment into the action bridge section on a large scale.In addition, kung fu films are also integrated into different themes, and more possibilities for action choreography are tried in films with fantasy genres and vague era backgrounds such as "Heaven Will Hero".


Jackie Chan is also broadening his play, playing a different type of role than before, including the mad revenge of the bereaved father and the literati character "Detective Pu Songling". Since it is a challenge, there must be risks, and we will definitely see more atypical Jackie Chan movies in the future.

 

Focusing on society and culture, reaching out to the world through cooperation


Many people claim that not only Jackie Chan’s kung fu films, Chow’s nonsensical comedies, and Tsui Hark’s martial arts films have all passed their peak, but in fact they are now experiencing the running-in period and exploration period after going north to create, which is also the current situation facing traditional Hong Kong filmmakers.

 

Therefore, the reputation of these works must be mixed, which is the norm. From another perspective, it is Hong Kong filmmakers like Jackie Chan who have brought more advanced models, technologies and talents to the start and development of China’s film industrialization.


 

For example, Jackie Chan’s "family class" has exported a large number of excellent stunt people to the film industry. In 2015, he launched Jackie Chan International Action Film Week to recognize outstanding action filmmakers and cultivate and support many new generation of action forces.


This time he won the "Britannia Award", Jackie Chan said that he is also winning awards for all action filmmakers, "All the honors tell them that hard work and perseverance will not be in vain. I came so high and low, and I never thought of giving up. When I was in my 60s, I didn’t forget my goal when I entered the industry."

 

He also hopes that the younger generation can catch up as soon as possible, so that Chinese kung fu movies can continue to thrive.


 

Jackie Chan not only reflects the inheritance responsibility and professional responsibility of Chinese filmmakers, but also continues to promote Chinese culture in his film works and convey positive values and positive energy.

 

How can Chinese films really go global, Jackie Chan believes, "Our own films must be self-confident and pay more attention to our own society and culture. Only in this way can we lay a good foundation and have the confidence to influence the world"We have so much excellent traditional culture and so many outstanding talents, all of which can be promoted to the world through film creation."

 

Just as important is the large amount of cooperation with foreign countries, just as he has always adhered to the international production model, "Cooperation and exchange can make our different cultures more quickly understood and eliminate barriers. At the same time, cooperation can also use the strengths of others to make up for our own shortcomings, so that our film creation can grow rapidly on a wider world stage."

For the next film, Jackie Chan revealed "Combine action with a little romance"This is his new attempt.

 

"The most important thing is that we should always have love in our hearts, love your country, love your family, love the world, and hope for world peace!" This is exactly what we know about Jackie Chan, in addition to kung fu comedy, and the common theme of all his films:There is love in my heart.



The following is a transcript of the exclusive interview:


Q. You were very excited to receive the Albert R. Broccoli Award from the British Academy of Film and Television Arts for your contributions to the entertainment industry around the world. You shared this news with us at the first time. What is your most heartfelt feeling about winning this honor?

 

Jackie Chan:The feeling is that these 59 years of hard work can continue to win recognition, influence fans all over the world, and bring them happiness, which is the greatest honor for a filmmaker. Especially for action filmmakers, this process is more difficult, and they have to pay more than others. Sweat, tears, blood, injuries accumulated over the years, uninterrupted life and death tests, fighting until now, in fact, to stand on the world stage to win more applause and respect.

    

I feel that I am winning the award for all action filmmakers. All the honors are telling them that their hard work and perseverance will not be in vain. I have come so high and low, and I have never thought of giving up. When I reach the age of 60, I have not forgotten my goal when I entered the industry. I hope our younger generation can catch up as soon as possible, so that our kung fu movies can be succeeded and carried forward.


Q. We’ve noticed that the Albert R. Broccoli Award highlights your innovation in action comedy. What do you think of that?

    

Jackie Chan:If you don’t innovate, you can’t go far, movies are like this, and kung fu movies are even more like this. In the 1970s and 1980s, when Hong Kong movies were booming, kung fu movies were being started everywhere, but after a few years of filming, there was no market. That was because the audience was tired of repetitive creation, the filmmakers’ ideas were exhausted, and there were not many new experiences. At that time, if you couldn’t think of a way to innovate, you would be seeking death. Our path at that time was actually fought back with our lives, and the action was pushed to the limit. We had to let more people think of it, and we had to let the audience have more experiences that they had never had before. Therefore, every film was innovative, and it would have a different performance. Especially after facing the world market, you had to ensure that there were absolutely new methods, so as to continue to win the trust of the audience.


Because kung fu movies are at war with film technology, film technology has developed to omnipotent, capable of creating unimaginable visual wonders, enabling ordinary people on the big screen to perform beautiful actions, and to transform themselves. However, kung fu movies can only be achieved by relying on our own experience, one punch, one kick, one knife and one shot.


Therefore, we must ensure continuous innovation, ensure a non-repetitive experience, and not disappoint the audience. We have persisted for decades. Even now, I am in my 60s and still dare not slack off. We must continue to make new attempts.


Q: You are now the calling card of Chinese films on the world stage, and your influence on a global scale is even more profound. While you are relentlessly promoting Chinese culture, what other experiences have you shared with our domestic filmmakers? What difficulties do Chinese films have to overcome now that they are truly going global?

       

Jackie Chan:First of all, we must do ourselves well. Now the Chinese film market is getting better and better. It is already the second largest film market in the world. It has an unprecedented influence and has the voice over. It has begun to be given priority. This is all because of our own strength. Only when you are strong can you win more respect. Our own films must be confident, pay more attention to our own society and culture, and only in this way can we lay a good foundation and have the confidence to influence the world.

       

Second, we must give full play to our strengths and love our traditions, just as our kung fu movies can still be welcomed around the world today. We have so many excellent traditional cultures and so many outstanding talents, and we can use film creation to promote them to the world.

       

The important thing is to cooperate. If our film is to truly go global, it must be achieved through a lot of cooperation. Cooperation and exchange can make our different cultures more quickly understood and eliminate barriers. At the same time, cooperation can also use the strengths of others to make up for our own shortcomings, so that our film creation can grow rapidly on a wider world stage. I have been doing this myself. In recent years, I have been cooperating with overseas film institutions more and more. Whether it is the United States, the United Kingdom, Russia, or India, each cooperation is a learning experience, in order to let myself understand more cultures and do better.


5.9S breaks 100, "Domestic Small Steel Cannon" Lynk 03 + is coming soon! Will you have the impulse to spend?

Honda Civic, Volkswagen Golf, such as the magic car small steel cannon, I believe you are not unfamiliar with, they are all joint venture Internet celebrity cars with their own topics, and as China’s Internet celebrity car Lynk 03 from birth to the public is also very imposing. From the Fuji track in Japan invited Tsukiya and other big coffee to attend and stand for its platform, to the TCR racing car achieved excellent results in the WTRC arena, as a model mainly attacking the compact sedan market, Lynk 03 has high hopes. So what kind of surprise will the arrival of the Chinese brand high-performance model Lynk 03 + bring you? A few days ago, Convex Jun was invited by the same Lingke Center in Hefei to take a fresh shot of this Chinese small steel cannon Lingke 03 + with its own modifications. Let’s take a look at it in detail.

What changes and highlights did Lynk & Co 03 + bring this time?

Combat design is personalized

Is the Lynk & Co 03 + expected to sell for 250,000 yuan expensive?

What is the significance of Lynk & Co’s 03 +?

Write at the end:

The arrival of Lynk & Co 03 +, the "first performance car of a Chinese brand", is still significant for Chinese brands, and its appearance will certainly enhance the brand perception of the entire Chinese auto industry. For consumers, its appearance will undoubtedly provide new choices for young consumers. Let’s wait and see if Lynk & Co 03 + will become the new favorite in the car market!

Behind the questioning, can BYD "Qin" make up for it?

Since BYD began to expand its automobile business, the concept of new energy vehicles has attracted more attention. In 2008, Buffett’s subsidiary became a strategic investor of BYD, which pushed BYD to the stage. However, in recent years, BYD’s development has not been smooth sailing. The safety and practicability of new energy vehicles have been questioned by many parties. After experiencing a big decline in 2012, the company’s share price began to pick up last year. Has BYD ushered in a new spring? Will Tesla’s entry into the China market have an impact on BYD? Can the launch of "Qin" promote BYD’s spring arrival?

BYD’s business can be divided into three categories: rechargeable battery business, mobile phone parts and assembly business, and automobile business including traditional fuel vehicles and new energy vehicles, in addition to expanding related new energy products.

BYD’s new energy vehicles always attract people’s attention for the first time. However, the other two major businesses of the Group also account for about 50% of the revenue sources, and their profitability cannot be ignored. In recent years, the proportion of automobile business income has increased year by year, and the company has invested more efforts in the automobile business that has attracted much attention. The proportion of secondary rechargeable batteries has basically remained at 10%, which is a relatively stable and mature business in the company, but it is not the future growth point of the company.The company’s future development focus is mainly on new energy business, including solar power stations, energy storage power stations, electric vehicles, LED and other green products..

BYD is very good at manufacturing rechargeable batteries, and its main customers include mobile phone brands such as Nokia, Samsung and Huawei, as well as global manufacturers of power tools and other portable electronic equipment such as Bosch and TTI. Lithium-ion batteries and nickel batteries produced by the Group are widely used in mobile phones, digital cameras, power tools, electric toys and other portable electronic devices and electric products.

In terms of mobile phone components and assembly business, BYD provides vertically integrated one-stop service, designs and produces mobile phone and computer components such as keyboard, LCD module and camera, and provides complete machine design and assembly services, but does not produce its own brand of mobile phones and computers. Its customers include: Nokia, Apple, HTC, Samsung, Motorola, Huawei, Pratt & Whitney, Toshiba and so on.

In 2003, BYD officially acquired Xi ‘an Qinchuan Automobile Co., Ltd., entered the field of automobile manufacturing and sales, and began the development journey of national independent brand cars, with production and sales exceeding 2 million vehicles. Automobile products include all kinds of high, medium and low-end series fuel cars, as well as automobile molds, auto parts, dual-mode electric vehicles and pure electric vehicles. Representative models include F3, F3R, F6, F0, S8, G3, M6, L3 and other traditional high-quality fuel vehicles, as well as the world-leading F3DM dual-mode electric vehicles, e6 pure electric vehicles and K9 pure electric buses.

BYD has also established a joint venture with Daimler, a luxury car brand, to jointly research and develop electric vehicles. At present, its Tengshi brand has been listed.

On April 28th, BYD released the first quarterly report of 2014, which realized operating income of 11.724 billion yuan, down 9.0% year-on-year, and realized net profit attributable to the parent company of 12 million yuan, down 89.4% year-on-year. According to the analysis of UBS Securities,On the one hand, the decline in sales volume is due to BYD putting most of its energy into the research and development of new energy vehicles, which leads to the slow pace of research and development and launch of traditional automobile business models; On the other hand, the competition in China’s automobile market is becoming more and more fierce. If you don’t advance, you will retreat, and the competitiveness of BYD’s old models (such as Su Rui and F3) will decline.BYD also admitted in the report that the decline of traditional automobile business was the main reason for dragging down BYD’s profit in the first quarter.

BYD Group not only has government payment in policy, but also has considerable government subsidies. Take its pure electric vehicle E6 as an example, the price range of E6 is 309.8-33 million. E6 pioneers can enjoy a total of 114,000 yuan of state subsidies and local subsidies. The price for consumers to buy e6 luxury terminals is 195,800 yuan, and the price for purchasing e6 elite terminals is 216,000 yuan. Government subsidies account for about 34% of the original price, and the subsidized price is really attractive to consumers. Judging from the annual reports of the past five years, government subsidies have been increasing, reaching about 670,000 in 2013. Although it is still not enough to compensate BYD’s high expenses, government subsidies are only a unique policy of BYD in its growth period. However, in the short term, the government’s support attitude towards BYD Group’s projects is very clear, and everything depends on whether BYD can grasp the development opportunities.

In addition, BYD’s R&D expenditure has remained at a level of about 1.3 billion in the past five years, with no significant increase or decrease, and the distribution expenses are basically between 1.5 billion and 2 billion.

BYD’s operating cash flow decreased by nearly half in 2013, and most of the cash at the end of the year came from cash flow from financing. On May 30th this year, BYD also issued 121,900,000 new H shares to supplement its working capital, and the funds raised will be used for the new energy automobile business. However, the market reactions in the two places were mixed, with A shares rising sharply and H shares falling sharply.

Through the above financial analysis, we find that BYD is still in the growth stage, with huge expenses in all aspects and weak current profitability. Although the current P/E ratio is nearly 130 times, most investors value its profitability in the next few years.After BYD released its first quarterly report in 2014, its profitability and cash flow did not improve, resulting in a sharp drop in its share price. Among them, the investment loss reached nearly 8.6 million RMB. The company disclosed that most of the losses were caused by the investment loss of the joint venture company. The parent company increased investment and development in all aspects at the same time when the business has not grown steadily. This can only make up for the tight cash flow by issuing additional shares or increasing financing.

BYD has not really stimulated consumers in private cars, mainly because consumers are worried about endurance and safety, and BYD’s car design and logo have been criticized by the masses. For consumers, environmental protection may be far less important than appearance and performance.

Compared with other automobile brands, BYD is obviously favored by more governments, which is related to BYD’s more professionalism in the field of new energy. At present, there are 800 E6 pure electric taxis and 220 K9 pure electric buses in Shenzhen, which are used as pilot cities to promote electric buses. In May, 2013, the pure electric bus was operated in Hongkong. Outside the China market, BYD’s K9 electric bus had trial operation projects in the United States, Spain, Hungary, Austria, Belgium and the Netherlands.

Investment point of view

New energy industry

BYD is a leading representative in China in its industry. With the reduction of natural resources such as oil, the traditional automobile industry will be the most affected, and the future will be the world of new energy industry. Therefore, the state will give subsidies to the new energy industry in terms of policies and funds. However, BYD, as a battery-making enterprise, has not invested in the field of new energy vehicles smoothly. Although the enterprise has its own brand and professional technology, many traditional automobile brand companies have begun to develop new energy vehicles or low fuel consumption, such as Toyota Prius, Nissan leaf and Ford fusion. With its strong capital, original market share and brand awareness, BYD’s automobile business is also facing many competitors. Future new energy vehicle projects in China still depend on brand building, energy saving and green premium ability.

At present, BYD has adjusted its three major businesses in the future to photovoltaic power generation, energy storage power stations and new energy vehicles, and it is expected that it will continue to invest in research and development and construction of energy storage power stations in the short term. At the technical analysis meeting in 2013, Wang Chuanfu, the president of the group, announced the "dual-drive strategy"-one is to develop energy-saving technologies in both traditional fuel vehicles and new energy vehicles, and the other is to promote dual-engine dual-mode in the personal market and pure electric vehicles in the public transport market. From the naturally aspirated engine with energy-saving technology, to the world-synchronous TID powertrain, to the green hybrid technology, to the dual-engine dual-mode power and pure electric vehicles, BYD has completed the strategic layout from single-drive to dual-drive, and gradually strengthened the energy management system.

The investment in BYD should not only be analyzed from its current profitability or short-term stock price changes, but also from a medium-and long-term perspective to look at the strategic value and significance of the new energy automobile industry chain and lock in the future technological innovation and consumption orientation.

Although the mobile phone parts and assembly services and rechargeable battery business, which together account for about 50% of the revenue, are fiercely competitive in the industry, BYD can still obtain objective income in this field with the increase of mobile phone sales. The capital market is optimistic about this business, and many rating agencies rate BYD Electronics as "buy".

BYD and Tesla

Tesla, which has attracted much attention, began to enter the China market and set up energy storage stations in major cities. Although Tesla also produces new energy vehicles, it is not completely competitive with BYD. Tesla is the first electric vehicle in the world to give up the traditional lithium iron phosphate battery for vehicles and choose a laptop battery. In fact, the price of Tesla in the United States is more than 80,000 US dollars, and the tariff, value-added tax and transportation cost entering China account for 33% of the current domestic price. Tesla is positioned in the high-end market, and its price is far from BYD. Comparing BYD’s "Tang" to "Model X" is because Tesla’s seven-seat SUV also adopts the same power layout: one motor for the front and one motor for the rear axle, thus forming a four-wheel drive system. However, because the target market is different and the consumer demand is different, BYD’s R&D, products, market and brand positioning are different from Tesla’s.

However, it is worthy of our attention that Tesla’s cruising range can reach 500 kilometers, and BYD Qin’s cruising range can reach 70 kilometers in pure electric mode. Although the hybrid mode can be used to make up for the lack of cruising range when running long distances, if Tesla can make a model with mass price in the future, it may pose challenges to BYD.

Misappropriating nearly 10 million public funds to sell her daughter and falling out with her family, so rewarding the anchor map?

  CCTV News:Recently, the People’s Court of Jingkou District, Zhenjiang City, Jiangsu Province publicly heard a case. The defendant Wang was addicted to webcasting and stole 9.3 million yuan from the company, just to win the favor of the network female anchor.

  Before the incident, Wang served as the cashier accountant of Guoxin Jiayuan Real Estate Company. In 2015, after the chief accountant left, the company did not arrange another person, but let Wang serve as the chief accountant. He controlled all the financial power of the company by himself.

  Wang, a 29-year-old, is married, and a family of three lives in Danyang with his parents. His family conditions are average and his monthly salary is more than 3,000 yuan. Since he fell in love with webcasting, he found that the female anchors disdained themselves because of the lack of rewards. Wang felt that he was left out in the cold. In order to save face, he began to misappropriate public funds to reward him.

  Wang kept recharging to broadcast high-priced "gifts" to the hostess. On the most day, he recharged 500,000 yuan on the live broadcast platform, and several female anchors took the initiative to make friends with him. Wang kept his wife in the dark and used a business trip as an excuse to meet the female anchor in Shanghai every week and squander the stolen public funds.

    According to the police investigating the case, Wang basically stays in the best hotel in Shanghai. When it is more, it may cost hundreds of thousands a night, and when it is less, it will cost 20,000 to 30,000.

  It has been verified that Wang embezzled 9.3 million yuan of public funds from Guoxin Jiayuan Real Estate Company, including several hundred thousand yuan of cash in the company’s inventory; Nearly 8.6 million yuan was withdrawn and transferred from the company’s CCB card and ICBC card.

  After the trial, the court made a verdict in court. The defendant Wang was sentenced to 7 years in prison for the crime of duty embezzlement, and confiscated 200,000 yuan of property, and ordered the defendant Wang to return to the injured unit for 9.3 million yuan, but Wang was simply unable to make restitution.

  It is not a case that Wang embezzled public funds in order to reward the anchor.

  A 24-year-old company cashier in Hefei secretly transferred more than 5 million yuan from the company account in order to reward the male anchor on the live broadcast platform until it was discovered by the company. Evidence shows that in just three months, it spent more than 4 million on the live broadcast platform. In addition to rewarding the anchor, women also spend a lot. When she was arrested, the LV bag she bought online for 30,000 yuan was still in the mail.

  In recent years, with the rise and development of the webcast industry, there have been frequent incidents of rewarding anchors with huge sums of money. Many netizens send virtual gifts to their favorite anchors. This is true. The key is to be within their own economic scope. Some people do not hesitate to fall out with their families in order to "punch a swollen face and fill a fat man".

  Aunt Luo, who is over 60 years old, met the male anchor Ren Mou on the live broadcast platform. In just one year, she rewarded Ren Mou with cash and gifts totaling more than 300,000 yuan. When the relationship was good, she sent a watch with a price of more than 30,000 yuan as a birthday gift for Ren.

  When Aunt Luo’s daughters found out, they were so angry that they wanted to sever the mother-daughter relationship with her. In desperation, Aunt Luo found Ren and asked for the money to be rewarded. However, in the face of Aunt Luo’s request, Ren refused to return these rewards, saying that this was Aunt Luo’s voluntary behavior. He neither defrauded her nor threatened her. The police persuaded the two sides. Because of the dispute, they handed Aunt Luo and Ren to the local police station for further coordination.

  What is even more ridiculous is this post-90 s Yunnan man Zhao.

  In January 2017, Niu Niu, a 4-year-old girl, was taken away from her hometown in Yunnan by her father Zhao. In July, Niu Niu was taken to Guangde, Anhui by her father. Unexpectedly, the father sold her to Wang Moumou, a man from Ningguo, at a "transaction price" of 40,000 yuan.

  Zhao confessed that he earned more than 4,000 yuan a month before selling his daughter, but he couldn’t save money because he was obsessed with rewarding the anchor online. "After selling my daughter, I suddenly got so much money in my hand and rewarded the anchors. I am also a lot of car-scrapping."

  It was found through trial that after getting the money, Zhao had rewarded more than 30,000 yuan to more than a dozen male and female anchors. Among them, he bought virtual gifts for the anchors through a webcast platform, which was worth more than 10,000 yuan after conversion, and the amount of money transferred and sent to the anchors through WeChat was 20,600 yuan.

  "My daughter is over 4 years old and knows some things that adults say. During the negotiation, the child buried his head and patted my knee from time to time. I dare not think, what was in the child’s mind when I quoted him the price of my daughter? " After surrendering, Zhao shed tears when he confessed to the police. In the end, Zhao was sentenced to five years in prison for crime of trafficking in children.

  While the live broadcast industry is developing in full swing, the "reward" of minors is often exposed.

  Ms. Hu from Xuchang, Henan said that her 10-year-old son used her mobile phone to reward 50,000 yuan to the game anchor. Ms. Hu said that her husband died of pancreatic cancer, and this money was the money for her husband’s cremation. And I have rectal cancer, and now I need this life-saving money urgently, hoping to recover it.

  Mr. Peng and his wife in Guangdong saved 160,000 yuan in 10 years by sewing jeans. Their 14-year-old son, Xiao Peng, joined a QQ group of online game players during the summer vacation, and was dragged by group friends to watch the female anchor play games. In just two months, he spent all his parents’ savings accumulated in 10 years.

  There are countless similar examples. Xiaoxin, a 9-year-old girl from Dalian, Liaoning Province, rewarded the anchor with more than 50,000 yuan on the Huya live broadcast platform. Her mother appealed to the platform for a refund, but since it was impossible to prove that it was indeed a child’s operation, there was still no result. A 13-year-old girl in Shanghai secretly rewarded her favorite network anchor with her mother’s mobile phone, and spent her parents’ savings of 250 thousand yuan in two months; After 00, while studying in Canada, Xiaoya, a girl, spent 650,000 yuan … …

  For minors, learning should be the primary task, rather than indulging in the network. What’s more, we should not be distorted by the wrong consumption concept and brush the hard-earned money of our parents.

  As a new way of social networking, webcasting attracts a large number of users with its high effectiveness and strong interactivity. But no matter who the user is, we should watch the live broadcast rationally. Don’t blindly impulse consumption in order to pursue the so-called face and vanity on the Internet. Don’t spend more than you can afford because you are obsessed with network anchors, or even embark on the road of crime.