"Fat Man Action Team" Changchun Tour "3XL Edition Agent" Meng Fan Bao Beier

1905 movie network news On August 30th, the action comedy movie "Fat Action Team" directed by Bao Beier and starring in the article came to Changchun. Bao Beier, the director and starring, continued the "Maximum Size" roadshow, not only experienced the oversized Northeast food "Pot-wrapped Meat", but also invited the audience to put on "Fat Makeup" and experienced the feeling of being a spy. Everyone rushed to participate, and the atmosphere was very warm. The movie "Fat Man Action Team" will be released nationwide on September 30th.

 

Bao Beier claimed to be "Little Fatty" and "Fat Makeup" and laughed interactively.

 

In the movie "Fat Man Action Team", the article and Bao Beier played a pair of happy spy brothers, and their subversive performance in the trailer also attracted the audience at Changchun Road Show to laugh. Many viewers expressed surprise at their modeling, and director Bao Beier invited the audience to experience the feeling of being a "fat agent" at the scene. The audience put on XXXL version of fat makeup and played a skipping game to test the physical strength of the agent. After putting on the fat makeup, MengMeng’s posture combined with the jumping posture, "fat makeup" interactively laughed down a large audience and won numerous applause.


As to why this film was made, director Bao Beier said that he hoped to make a story about how an inferiority complex person found confidence. And laughed and said, "I am usually a little fat man. When I don’t film, eating and drinking will quickly gain more than ten pounds." For the group of fat people, the director also said that "fat people are very soft and warm" and "I hope to show the cutest side of this group through movies".

    

Bao Beier: Thanks to the support of the article, we "lost face" for filming.

 

The film "Fat Man Action Team" is a collaboration between the article and two old friends of Bao Beier. Bao Beier, the director, said that sticking on "fat makeup" was too painful, and the article was also "helpful". Put on makeup for 3 hours every day, remove makeup for 1 hour, and shoot with makeup all the time. By the middle of shooting, their faces were ulcerated to varying degrees. In this regard, the director teased: "In order to film, the two of us’ don’t want faces’."


It is understood that "Fat Man Action Team" mainly tells a series of ironic and dangerous crisis stories that the agent "J" played by the article and the security guard Hao Yingjun played by Bao Beier go through in order to complete a special task. The film, starring Bao Beier, Clara, Xu Juncong, Yijun Zeng and Menglu Zhang, starring Guo Jingfei, Yasuaki Kurata, Ryu Kohata, Qi Yuwu and Wen Juan, and featuring Song Jia and Yoko Lamu, will be released nationwide on September 30th.


Haofeng relies on the development of national defense science and technology industry in integration of defense and civilian technologies since the 18th National Congress.

  The audience visited the bionic UAV information acquisition system in integration of defense and civilian technologies Science and Technology Innovation Exhibition, the annual meeting of China Association for Science and Technology. Xinhua news agency

  Promoting the development of integration of defense and civilian technologies is a systematic project. We should be good at using systematic science, systematic thinking and systematic methods to study and solve problems. We should not only strengthen top-level design, but also adhere to key breakthroughs. We should not only grasp the present but also seek the long-term, strengthen demand docking, strengthen reform and innovation, strengthen resource integration, focus on key areas, promote the overall level from point to area, and accelerate the formation of a comprehensive, multi-field and high-efficiency deep development pattern in integration of defense and civilian technologies.

  — — General Secretary of the Supreme Leader stressed at the second plenary meeting of the Central integration of defense and civilian technologies Development Committee held on September 22, 2017.

  In early autumn, the sky in Beijing is high and the clouds are light. On September 18th, the third exhibition of integration of defense and civilian technologies’s achievements in developing high-tech equipment opened in Beijing. A large number of high-tech equipment achievements developed by integration of defense and civilian technologies, including "Shenwei Light of Taihu Lake", Godson series autonomous controllable high-performance processors, high-precision atomic clocks, autonomous underwater robots, etc., which ranked first in the world supercomputer for three consecutive years, were unveiled.

  An exhibition is a microcosm. Pieces of objects, models and wonderful videos comprehensively and systematically show the staged achievements in the development of national defense science, technology and industry in integration of defense and civilian technologies since the 18th National Congress of the Communist Party of China.

  1. The development of integration of defense and civilian technologies has become a national strategy.

  At present, in the competition of comprehensive national strength, major countries in the world are vigorously promoting integration of defense and civilian technologies or the integration of military and civilian, so as to achieve a win-win situation in which the overall military capability jumps and the national economic strength is enhanced, and thus realize long-term national defense security.

  Integration of defense and civilian technologies’s proposition of the times was born at the right time. On March 12, 2015, General Secretary of the Supreme Leader pointed out at the plenary session of the PLA delegation at the Third Session of the 12th National People’s Congress that upgrading integration of defense and civilian technologies’s development to a national strategy is a major achievement in our long-term exploration of the law of coordinated development of economic construction and national defense construction, and a major decision made from the overall situation of national security and development strategy.

  In July 2016, the Central Committee of the Communist Party of China, the State Council and the Central Military Commission issued Opinions on the Integrated Development of Economic Construction and National Defense Construction. This is the first programmatic document guiding the integrated development of economic construction and national defense construction since the founding of New China.

  In August 2017, the Ministry of Science and Technology and the Science and Technology Committee of the Military Commission jointly issued the "Special Plan for the Development of Science and Technology integration of defense and civilian technologies in the Thirteenth Five-Year Plan" (hereinafter referred to as the "Plan"), which laid out 16 key tasks in seven aspects to promote the development of science and technology integration of defense and civilian technologies during the Thirteenth Five-Year Plan period, and proposed that by 2020, a collaborative innovation system of military and civilian science and technology will basically be formed.

  Experts believe that "Planning" has drawn a clear "road map" for coordinating the national innovation resources and comprehensively promoting the integration of defense and civilian technologies of science and technology, formed the top-level design for the development of integration of defense and civilian technologies in the field of science and technology in China, and marked the beginning of comprehensive and deep integration of science and technology integration of defense and civilian technologies.

  On September 22, 2017, the second plenary session of the Central integration of defense and civilian technologies Development Committee was held, only three months after the first plenary session. Although the time is short, the results are quite fruitful — —

  Special plans such as the "Thirteenth Five-Year Plan for the Development of Science and Technology integration of defense and civilian technologies" and national economic mobilization were issued and implemented, and 20 provinces issued integration of defense and civilian technologies development plans; Initiate the implementation of the reform of the first batch of 41 military research institutes, deepen the demonstration of airspace management system, military pricing bargaining rules, equipment procurement system and other reform programs, and comprehensively push forward the joint review mechanism of weapons and equipment research and production licenses and equipment contractors; We will promote the integration and sharing of large-scale military and civilian defense scientific research instruments and equipment, the innovative cooperation of military-civilian dual-use technology alliance with equity as the link, and the identification and access standards of supporting core military products for civilian enterprises throughout the country.

  2. Straighten out the mechanism. integration of defense and civilian technologies releases the "institutional dividend"

  In the 2nd integration of defense and civilian technologies High-tech Achievements Exhibition held in Beijing in 2016, among the 163 exhibitors, 87 private high-tech enterprises, more than half. The reporter met Song Youchun, an exhibitor from a private enterprise, who was explaining to the audience the function of night vision equipment independently developed and produced by his company.

  With the help of integration of defense and civilian technologies’s "Bonus", Song Youchun’s company has now become a professional supplier of night vision photoelectric products with strong independent research and development capabilities in China. Many core technology products have been authorized by national defense patents and passed the safety certification of military security technology prevention products. "Entering the military field has actually expanded the application radius of technology and enabled the results to better connect with the market." Song Youchun said that in the past, it was always felt that the participation of civilian technology in military products was very far away from us ordinary people. It was integration of defense and civilian technologies’s national development strategy that made military technology no longer "cold".

  What makes private entrepreneurs such as Song Youchun feel no longer "cold" is that the field of weapons and equipment research and production has embarked on the road of open development and actively absorbed the superior resources of the whole society. At present, the number of licensing items for scientific research and production of weapons and equipment has been reduced to 755, with a reduction of 62%; The number of private enterprises licensed for scientific research and production of weapons and equipment has increased from less than 500 at the beginning of 2012 to 1,169, with an increase rate of over 130%.

  In addition, after integration of defense and civilian technologies became a national strategy, the relevant state ministries and commissions successively issued a series of policies to deepen the reform of the military industry and promote the people’s participation in the army, which enabled more and more enterprises and institutions to enjoy the "institutional dividend" brought by integration of defense and civilian technologies, and changed from "I want to integrate" to "I want to integrate" in the past, and the highlights of key areas were frequent.

  It only takes more than eight months from the time the user places an order to purchase and finally provides the launch service, and the carrying cost per kilogram of load is about 10,000 US dollars. The source of project funds depends on the extensive participation of private enterprises and commercial self-financing … … In January 2017, the "Kuaizhou No.1 A" small solid launch vehicle successfully put three satellites into orbit, which was a purely commercial space launch that operated in full accordance with the market mode.

  Over the past five years, the awareness of integration of defense and civilian technologies in various fields has been continuously enhanced, and the atmosphere in integration of defense and civilian technologies has become increasingly strong.

  3. The road to integration is deeper and wider.

  National defense science, technology and industry is the key area of integration of defense and civilian technologies’s development and an important part of integration of defense and civilian technologies’s development strategy. Reform and deep integration have become the consensus of many military enterprises and military research institutes.

  Easy-to-wear "air conditioning vest", automatic aiming "missile fire extinguishing" products, ground penetrating radar & HELIP for scanning underground pipelines; … These are the products of China Aerospace Science and Industry Group’s integration of defense and civilian technologies. The data shows that in 2016, the integration of defense and civilian technologies industry of Aerospace Science and Industry Group achieved operating income of 133.2 billion yuan, accounting for 65% of the total operating income, and the scale of integration of defense and civilian technologies industry has exceeded the overall operating income of the group company in 2012.

  In the aerospace science and technology group, the conversion of aerospace technology to civilian use has become more and more common. The aerospace engineering company affiliated to the First Hospital independently developed the pressurized gasification technology of aerospace pulverized coal and a complete set of process packages, which is of great significance for developing "coal-to-oil" and ensuring oil supply in China in the future; Dongfanghong Aerospace Biological Company introduced Tianqu, Aerospace Oral Liquid, Aerospace Bone Protective Agent and other daily necessities closely related to the people. By the end of 2016, the civil industry revenue of Aerospace Science and Technology Group reached 128 billion yuan, accounting for half of the total revenue.

  Integration of defense and civilian technologies is not only an act of rejuvenating the country, but also a strategy of strengthening the army. In recent years, CSIC’s major projects in integration of defense and civilian technologies have frequently attracted people’s attention.

  Jiaolong. On June 13th, 2017, Jiaolong completed the last dive of China Dayang 38 voyage. In five years, CSIC plans to independently develop a manned submersible with a depth of 11,000 meters based on the technical achievements of existing deep-sea equipment, and complete the 10,000-meter dive.

  Ship lift for the three gorges of the yangtze river. On September 18, 2016, the Yangtze River Three Gorges ship lift with the highest technical difficulty and the largest scale in the world officially started trial navigation. In the development of ship lift, CSIC has widely applied the management experience of large-scale military projects and a number of military technologies. The military is for civilian use and the achievements are shared, which shows integration of defense and civilian technologies’s concept of "sharing".

  In addition to military enterprises, in the era of integration of defense and civilian technologies, the collaborative innovation modes of various subjects in the military and local areas are more diverse. In the past five years, innovation alliances, collaborative centers and innovation parks have sprung up everywhere.

  Sichuan has become a trendsetter in integration of defense and civilian technologies with "four firsts": the first to set up a provincial-level integration of defense and civilian technologies development leading organization, the first to set up a provincial-level integration of defense and civilian technologies industrial development fund, the first to set up a provincial-level integration of defense and civilian technologies high-tech industrial alliance, and the first to establish a strategic cooperative relationship with the National Defense Science and Technology Bureau and all central military industrial groups.

  The wind and thunder are moving, the flag is stirring, and the grand plan is set. Up to now, there are more than 20 state-level military-civilian industrial bases in Beijing, Shaanxi, Hubei, Hunan and Sichuan. All-factor, multi-field and high-efficiency tide of integration of defense and civilian technologies’s deep development is coming.

  Count these five years.

  At present, the licensing items for scientific research and production of weapons and equipment are reduced to755Item, pressure reduction62%; Private enterprises licensed for scientific research and production of weapons and equipment are less than in early 2012.500Home has grown to1169Home, the growth rate exceeds130%.

  In recent five years, China has continuously maintained its position as the largest shipbuilding country in the world, with shipbuilding completion, new orders and hand-held orders accounting for about the world share.40%.

  In 2016, integration of defense and civilian technologies Industry of Aerospace Science and Industry Group achieved operating income.1332Billion yuan, accounting for the total operating income.65%Integration of defense and civilian technologies’s industrial scale exceeded the overall operating income of the group company in 2012.

  (Reporter Ye Lefeng)

Japan helped the United States to pull the "anti-Russian front", and the Russian Deputy Foreign Minister warned against retaliation against Tokyo.

  [Global Times Comprehensive Report] The cabinet of Japanese Prime Minister kishida fumio has set off a small climax of diplomatic activities since the end of this month: after receiving visiting German Chancellor Scholz in Tokyo on April 28, kishida fumio will start an eight-day foreign visit to Indonesia, Vietnam, Thailand, Italy and the United Kingdom on the 29th; Foreign Minister Lin Fangzheng will visit Kazakhstan, Uzbekistan, Mongolia and other countries next week; Defense Minister Nobuo Kishi will visit the United States from May 3 to 6; On May 22nd, US President Biden will arrive in Japan, hold Japan-US leaders’ talks with Kishida and attend the "Four-nation Meeting" of the United States, Japan, Australia and India — — The above diplomatic activities, without exception, all contain the contents of "responding to the military conflict between Russia and Ukraine" and "coordinating the position of sanctions against Russia", and at the same time, they don’t forget to carry with them the "reserved tracks" of "responding to the threat from China". In parallel with the strategy of containing China, the United States and the West have now expanded the "United Front against Russia" from both sides of the North Atlantic to Asia. Japan, which wants to use the topic to contain Russia and China and try to further develop armaments and break through the peaceful constitution, is undoubtedly a pawn who is at the forefront and has the most eye-catching performance.

  German chancellor’s first visit to Asia "only to Japan"

  NHK TV reported on 28th that Scholz had arrived in Japan for a two-day (more than 20 hours in total) working visit, which was his first visit to an Asian country since he became German Chancellor.

  On the afternoon of 28th, kishida fumio held a meeting with Scholz. According to Kyodo News, during the talks, Kishida condemned Russia’s military actions against Ukraine and stressed that Japan will further strengthen sanctions against Russia and aid to Ukraine. Scholz responded that sanctions are dealing a huge blow to Russia, and it is very important for all countries to keep pace with sanctions.

  According to Agence France-Presse, Scholz thanked the German Parliament for its "clear support" for the government’s policy of providing heavy weapons to Ukraine at a joint press conference with Kishida on the 28th. According to another report from Reuters, Scholz also said in Tokyo on 28th that Germany is preparing for the possibility of Russian gas export suspension.

  Deutsche Welle said on the 28th that Kishida said at a news conference that he had reached a consensus with Scholz on "opposing any behavior that changes the status quo in the South China Sea and the East China Sea". According to NHK TV in Japan, Scholz said at a joint press conference, "This visit has sent a political signal that Germany and the European Union will further strengthen their participation in the Indo-Pacific region."

  "Deutsche Welle" reported on the 28th that Merkel, a long-time German chancellor, usually gave priority to China when visiting Asia, and never "visited Japan alone" when visiting Asia like Scholz. According to the report, China’s policy of fighting against the epidemic and its position of continuing to maintain partnership with Russia have accelerated the progress of German-Japanese relations. In addition, Scholz chose Japan as the first country to visit Asia because Japan and Germany are in a "very similar" geopolitical environment and national defense dilemma. For example, both sides condemned Russia’s military actions against Ukraine and imposed sanctions on Moscow, but the two countries have never stopped importing Russian energy; Both countries are willing to provide materials to Ukraine, but they are all "non-lethal" equipment. In fact, before the German Parliament supported the provision of heavy weapons to Ukraine, German Defense Minister Lambrecht announced on 26th that the government had allowed the provision of "Cheetah" air defense tanks retired from the German army to Ukraine. In this regard, the British "Financial Times" said that "Germany has changed its course in providing heavy weapons."

  Cui Hongjian, director of the European Institute of China Institute of International Studies, said in an interview with the Global Times on the evening of 28 th that the German Chancellor’s statement in Japan was "not unexpected" in the context of the global impact of the Russian-Ukrainian conflict. "In this Russian-Ukrainian conflict, Germany has basically crossed a ‘ Psychological threshold ’ , namely ‘ Militarization ’ , Germany has begun to implement a ‘ More aggressive ’ Foreign and security policies will also be reflected in other aspects of German diplomacy in the future. "

  Kishida’s visit to Southeast Asia raises vigilance.

  Japan’s heart for the Russian-Ukrainian crisis is far more than that. On 28th, Japanese Chief Cabinet Secretary Hiroichi Matsuno announced at a press conference that kishida fumio will visit Indonesia, Vietnam, Thailand, Italy and Britain from April 29th to May 6th. Japanese media analysis said that Kishida hopes to pull Southeast Asian countries to join the ranks of sanctions against Russia, and all three countries hope to avoid explicit criticism of Russia. It is reported that Russian President Vladimir Putin intends to attend the G20 Leaders Summit in Bali, Indonesia in November. Faced with the western voice of excluding Russia from the G20 framework, Indonesia, as the rotating presidency, emphasizes the "fairness of the presidency" and plans to invite all G20 members. Thailand is also very sensitive to external forces forcing it to change its traditional all-round diplomacy. Former Thai Finance Minister Tirachai expressed vigilance against kishida fumio’s visit to Thailand on Facebook, saying that "the United States and Japan are jointly wooing Asian countries". Vietnam and Russia have maintained friendly relations since the Soviet Union. In March, they abstained in the UN resolution condemning Russia’s military actions against Ukraine. Japanese media analysis pointed out that because Southeast Asian countries are very cautious about the military conflict between Russia and Ukraine, it is not easy to establish the "encirclement network against Russia" imagined by Japan.

  Thailand’s Bangkok Post reported on 28th that the serious epidemic has prevented many international face-to-face diplomatic activities, but since the outbreak of the Russian-Ukrainian military conflict, the Japanese Prime Minister has been increasing such "face-to-face diplomacy". He visited India and Cambodia in late March and then Belgium, and declared that he was concerned about any "attempt to help Russia evade sanctions". "This may refer to China". The report also said that Kishida may seek to sign a defense equipment and technology transfer agreement in Thailand. Japan has signed similar agreements with the Philippines, Vietnam and other Southeast Asian countries.

  After visiting three Southeast Asian countries, kishida fumio will also visit Italy and Britain. Japanese media said that he would discuss with the leaders of the two countries the measures to deal with the Russian-Ukrainian crisis, and exchange views with them in view of China’s increasing influence.

  According to Kyodo News, Japanese Foreign Minister Lin Fangzheng will visit Kazakhstan, Uzbekistan and Mongolia from next week to seek cooperation in dealing with the Russian-Ukrainian military conflict. After that, he will transfer to Fiji and Palau to continue to promote the "free and open Indo-Pacific strategy." Defense Minister Nobuo Kishida will visit the United States from May 3 to discuss with US Defense Secretary Austin ways to expand cooperation between the United States and Japan and the situation in Ukraine.

  Russia warns Tokyo: We will retaliate.

  Japan’s recent behavior of following the United States to constantly provoke Russia has been severely warned by Russia. According to a report by RIA Novosti on 26th, Russian Deputy Foreign Minister Morcourt Lov said that Russia warned Japan through diplomatic channels: "We regard such actions by Japan as a threat to Russian security. Once the scale of similar exercises is further expanded, Russia will take retaliatory measures to consolidate its defense capabilities. In this regard, Tokyo should be prepared. "

  On the 27th, the Russian Foreign Ministry announced that eight Japanese diplomats would be expelled according to the principle of reciprocity, and they were limited to leave Russia before May 10th. The Russian Foreign Ministry said that with the beginning of the special military action against Ukraine, Tokyo officials adopted an "open and hostile anti-Russian policy". The responsibility for Russia to take this action lies entirely with the Japanese government. In early April, Japan announced the expulsion of eight Russian diplomats on the grounds of Russian military action against Ukraine. The Itar-Tass news agency commented on this on the 28th that the "hellish sanctions" imposed by Japan on its neighbor Russia are mainly to satisfy the will of the hegemonic United States, which will keep Japan-Russia relations in a state of tension for a long time.

  According to a report by Russian Kommersant on the 28th, current and retired politicians, diplomats, experts and media representatives from more than 20 countries in the East and West recently attended the 6th "Risina Dialogue" held in India. Russia’s special military action in Ukraine was discussed at the meeting. Ursula von der Leyen, President of the European Commission, who attended the meeting, tried to set the tone for the discussion, called on India to "join the ranks of democratic countries", supported sanctions against Russia, and urged the participants to "contain Russia and China" together. However, Indian Foreign Minister Su Jiesheng said that India "will not be part of the Western alliance that launched a sanctions war against Russia". According to The Hindu’s report on the 28th, Su Jiesheng said at the meeting that "there will be no winner in this conflict", "the conflict is turning into rising energy and food prices and all kinds of destruction" and "we should find some way to resume diplomacy and dialogue". He also criticized the so-called "rules-based international order" in the West. "As far as Afghanistan is concerned, please tell me which part of the rules-based international order proves that what you are doing there is justified."

  [Global Times correspondent in Japan Yue Linyi Global Times correspondent Liu Yupeng Xing Xiaotong]

The owner of an "Old Man Le" in Shanghai was detained for 10 days! Driving without a license also hangs a fake "88888" license plate.

"Old Man Le" with a fake motor vehicle license plate (Photo courtesy of the police)

Investigate the scene

Appraised by the judicial inspection agency, the vehicle driven by Gan was identified as a "motor vehicle". According to reports, the top speed of the car can reach 60 kilometers per hour. It adopts a carriage-type four-wheel body structure-the front wheel (two wheels) is the steering wheel, and a motor is installed at the rear of the vehicle, which is driven by the double rear wheels. The front part is equipped with a fuel-type range-extending device to provide charging and energy storage functions for the vehicle. Five groups of battery vehicles are installed at the bottom of the front and auxiliary seats. The car is designed for carrying passengers, with a cab and steering wheel at the front and a passenger seat at the back, which conforms to the relevant definition of plug-in hybrid vehicle, but it is not a motor vehicle that can pass on the above roads.

The vaccine of Chen Wei’s team finally released the third phase data. Expert: Single needle has high efficiency and is suitable for rapid mass vaccination.

[Global Times-Global Network Reporter Zhao Juekun, Bai Yunyi and Hu Yuwei] Following the release of phase III clinical data of two inactivated vaccines of Sinopharm Group China Bio and Kexing Zhongwei, the latest data of another technical route for the deployment of COVID-19 vaccine in China, the adenovirus vector vaccine Ad5-nCoV jointly developed by Academician Chen Wei of the Academy of Military Sciences and Kangxinuo Bio, was released on the 8th. Pakistani health officials announced on the same day that the mid-term analysis of the third phase clinical trial of Ad5-nCoV in Pakistan showed that the protective efficacy of the vaccine against severe COVID-19 was 100% and the overall protective efficacy was 74.8%.

The Ad5-nCoV vaccine developed by Chen Wei’s team is the first COVID-19 vaccine in the world to enter the clinical research stage, and it is also one of the only single-needle vaccines in the world that have released the phase III trial data. Many experts told the Global Times reporter that the effective rate data of this vaccine is very good, and single-needle vaccination means that large-scale rapid vaccination can be achieved, which is of great significance to the overall epidemic prevention strategy of society.

Faiso Sultan, special assistant to Pakistan’s Prime Minister in charge of national health affairs, said on the 8th local time that the mid-term analysis of the third phase clinical trial conducted by Ad5-nCoV (also known as "Kvisha" or "Convidecia") in Pakistan showed that after 28 days of single-needle vaccination, the protective effect of the vaccine on severe COVID-19 was 100%, and the overall protective effect was 74.8%, without any serious adverse reactions related to the vaccine.

The official also revealed that the data of the third phase clinical trial of Ad5-nCoV in the world showed that the protective effect of the vaccine on severe COVID-19 was 90.98% and the overall protective effect was 65.7% after 28 days of single-needle vaccination. According to the announcement issued by Kangxinuo Bio on the 1st, the phase III clinical trial of Ad5-nCoV has completed the inoculation of more than 40,000 subjects in 78 clinical research centers in five countries. It is reported that the countries in which Ad5-nCoV is undergoing phase III clinical trials include Mexico, Russia, Pakistan, Argentina and Chile.

Ad5-nCoV was jointly developed by the team of Academician Chen Wei from the Institute of Bioengineering, Academy of Military Medicine, and Kangxinuo Bio. The first and second clinical trials were launched in Wuhan on March 16th and April 12th last year, respectively. It is the first COVID-19 vaccine in the world to enter the clinical research stage. The results of clinical trials initially proved that the vaccine was safe, and the data of two-stage clinical trials were published in the internationally renowned medical journal The Lancet.

A China expert in immunology told the Global Times reporter on the 8th that the effective rate data of Ad5-nCoV is very good, especially considering that it is one of the few single-needle COVID-19 vaccines, and it is difficult to reach a high level of neutralizing antibody titer without the second booster. "If we have to compare it horizontally, the effective rate of Ad5-nCoV should be compared with the data of other vaccines after the first injection." Zhuang Shili, a professional in the field of vaccine, and his doctor also told the Global Times reporter on the same day that although on the surface, the overall efficiency of the vaccine seems to be lower than that of other adenovirus vector vaccines, but an important prerequisite should be considered, that is, Kangxinuo vaccine is one of the few single-needle vaccines.

At present, the Oxford/AstraZeneca vaccine (AZD1222), Johnson & Johnson vaccine (Ad26.COV2.S) and Russian "Satellite V" are also developed by the same technical route as Kangxinuo vaccine in the world, among which only Kangxinuo vaccine and Johnson & Johnson vaccine are single-shot vaccines. On January 29th this year, Johnson & Johnson announced the results of the third phase clinical trial of its vaccine. After 28 days, the total effective rate of COVID-19 vaccine for moderate and severe COVID-19 reached 66%, and the effective rate of preventing serious diseases in all research areas was 85%. In contrast, although Johnson & Johnson vaccine is also a single injection, its effective rate is 66% without mild symptoms, and its 85% severe prevention effect is not as good as 90.98% of Ad5-nCoV.

"Specifically, in the adenovirus vector vaccine, the data of Oxford/AstraZeneca vaccine is rather confusing. On the whole, the effective rate of double needles is not high, only 70%; The data of Russian’ Satellite V’ vaccine is optimistic, with the overall effective rate of 91.6%, which is the only adenovirus vector vaccine with an overall effective rate of over 90%. In addition, according to its paper published in The Lancet, the effective rate of’ Satellite V’ after the first injection is 73.1%, which is also a good data. Overall, the single-needle effective rate of Kangxinuo vaccine can reach 65.7%, which is a very good result. " Zhuang Shili and said.

According to the analysis of the above immunologists, the procedure of single-needle vaccination is simple, and more people can be vaccinated in the same time period, which is beneficial to protect as many people as possible in the shortest time. Zhuang Lihe also believes that Ad5-nCoV can achieve rapid mass vaccination, and the 90% severe prevention rate means that the pressure on inpatient beds can be greatly reduced. It is understood that another advantage of Kangxinuo vaccine is that it only needs to be stored at 2 to 8 degrees Celsius and is suitable for transportation and distribution.

However, the data released by Pakistan this time did not mention whether the effectiveness of Kangxinuo vaccine will be affected by virus mutation. Previously, Johnson & Johnson, AstraZeneca, etc. all reported that the protective efficacy of vaccines against South African mutant strains was reduced. In addition, the immunologist interviewed by Global Times added that it is necessary to further observe the adverse reaction data of Kangxinuo vaccine, because the adenovirus vector vaccine is essentially similar to a cold virus, which may cause some cold symptoms during the vaccination process. Whether it is recommended to vaccinate people with weak health needs further observation.

The upstream figure | Interview with rapper Naomi: "Diss Boss Shady" is an attitude, and I don’t know if I am qualified to be the next Ding Zhen.

"Boss Shady, Boss Shady, I want to Diss you …" Recently, the MV song "Xie Tian Boss Shady" created by Liangshan rapper Naomi has become a hit on the Internet. Because the lyrics "I want to Diss you" homophonic "I want Disney", and Naomi’s hip-hop dress and exaggerated expression are in sharp contrast with the old courtyard and riding machine, the magical and abstract painting style soon triggered an online and offline online carnival.

In the seventh lane of Yulin, Wuhou District, Chengdu, where the MV was filmed, thousands of people went to punch in every day, and the local government had to organize personnel to maintain order and prevent disturbing the people. On the Internet, Naomi herself was dug up and also created some thoughtful works such as "Miss Apu" and "real Trees Meet Spring". His past experiences, such as farming, working in the park and asking his mother for money, also resonated with netizens. "Sincerity and truthfulness" were the labels that netizens labeled him. As of April 10th, the number of fans of Naomi’s Tik Tok account @ Naomi lodmemo soared from 80,000 before the release of the MV to 2.01 million.

Why did you write this song? What is the shooting process like? How to develop after the red explosion? How to catch the traffic? On the afternoon of April 10th, upstream journalists interviewed Naomi.

On the afternoon of April 10th, Naomi was interviewed by an upstream journalist. Photo/upstream journalist Li Wentao

Talking about the creative process: Diss is to show attitude, and riding a fitness bike is because Boss Shady also works out.

Upstream News: Why do you want Diss Boss Shady? Are you angry because he was eliminated from China’s New Rap?

Naomi: Anger is far from it. I think it’s better for everyone to be peace. Writing this song is mainly to show an attitude and respond to him. This song is for my grandfather, not for my grandmother. Because we rapper, attitude is very important. (Note: On March 20th this year, Naomi was eliminated from the audition for China New Rap 2024. Judge Boss Shady commented that Naomi "should take rap as a hobby". Boss Shady also claimed that he had brushed Naomi’s "Song for Grandma" in Tik Tok, which made Naomi very angry, because Boss Shady said that the song "Miss Apu" was written by him to his grandfather. )

Upstream News: What is the creative process like? Why did you choose a small park in Yulin No.7 Lane and sit on a health riding machine?

Naomi: I went back to the hotel after being eliminated, and I felt unwilling. Because I think I have something and talent, the more I think about it, the more angry I am. I must write a song to express my attitude. So I found an accompaniment, spent two or three days writing lyrics, and found a friend to shoot the MV a few days later.

Looking for a place is actually a random search. rapper, who saw Chengdu before, said that he was on Yulin Road, so he chose to look for it on Yulin Road. Because Boss Shady likes fitness, there was no fitness equipment around at that time, so I sat on the fitness equipment you mentioned. Diss Boss Shady means I am also working out, and my muscles are tougher than yours.

Upstream news: Then why climb on the shelf and make a ferocious expression? Watch the video and there are security guards around.

Naomi: I climbed that shelf because I thought it was cool. I made that expression to show that I was fierce and serious. At that time, the security guard was always there. I thought it was too high and dangerous. I also told him to come down in a few minutes, but they were still very thoughtful. The shooting should be around March 25, and it will be released on March 26 after editing.

Naomi sat on the Diss Boss Shady on the health riding machine, according to the screenshot of Naomi’s "Xie Tian Boss Shady" mv.

Upstream news: Did you ever think that this song would be so popular? Why do you think it’s so hot?

Naomi: No, I didn’t know it would be so hot at first. Later, I went to review the comments, and they said that I was real and my songs were excellent … I think this is a kind of recognition from everyone.

I didn’t expect a lot of people to punch in at the shooting location. Everyone may think it’s fun, but I don’t think it’s good to have a bad influence. So when I was at the airport on April 5, I sent a video "I hope you don’t disturb the people."

Talking about the growth process: I have worked in electronics factories and construction sites, and I like rap.

Upstream news: After you became popular on the Internet, are the photos of you being punished for going to school, working on the construction site, plowing in the fields, and asking for money from your mother who plays cards all true? Can you tell us something about your growing experience?

Naomi: Those photos are all true. I was born in 1999 in meigu county, Liangshan Prefecture, and I have two younger brothers and a younger sister at home. My parents are farmers, and my mother occasionally works in a supermarket in the county. But the part about asking my mother for money is actually my mother playing cards with her friends, and I am watching.

In 2017, I went out to work after finishing high school, worked in an electronics factory in Guangdong, and went home in November and December every year. Find a new place at the beginning of the year. In 2021, I worked on a construction site in Wuhan.

Upstream news: When did you come into contact with rap?

Naomi: When Hip-hop in China came out in 2018, I learned what rap is and was very interested. At first, I watched the MV of foreign black people and learned their actions and ways of speaking. I thought it was cool and very style.

Foreign words are better at saying whatever they want, but the disadvantage is that they are a little more swearing and more violent. Compared with peace, domestic rap expresses friendship, love and affection more. My personal understanding is this.

I didn’t learn their bad side, but in general, I just "get rid of their dross and take their essence".

Netizens lined up to punch in at the Nomi MV shooting location. Photo/upstream journalist Li Wentao

Upstream News: Why did you choose to come to Chengdu for development?

Naomi: I came to Chengdu in July and August, 2023, because Chengdu is a hip-hop town, and the rap culture is better. Many rap OGs (short for original gangster, which means that a person is an influential figure such as a veteran and godfather in the rap circle, and describes a rapper as very powerful and powerful) are here, and I want to learn more from them.

Upstream news: I heard that you slept on the street in Chengdu and were taken in by other rappers?

Naomi: Yes, I just came to Chengdu and couldn’t find a place to sleep. I slept in the park for one night and found a house in the back. I have also been taken care of by many friends here, and I am very grateful to them.

Talking about creation: I will always write songs, and I am honored to contribute to the propaganda of my hometown.

Upstream news: When was The Missing of Apu written? Do you have deep feelings with grandpa?

Naomi: "Miss Apu" was released on November 4th last year. I wrote the lyrics, and the accompaniment was mainly found online.

Grandpa died when I was in the fourth grade of primary school. When I came home from school, I heard firecrackers and music playing outside. When I got home, I found him lying in bed and died. Grandpa was over 70 years old when he died, and his health may be a little poor.

Grandma died when I was three or four years old, and I don’t have much impression. When I was a child, my parents farmed at home and planted some corn and potatoes. They were so busy that they got up early and got greedy for the dark. At this time, grandpa will take me to herd sheep and go to his house to fry eggs for me. There was no trouble at that time, just follow him, very happy!

Upstream news: For example, "Miss Apu" and "Dead Trees in Spring" were reprinted by CCTV Online Travel Service and Liangshan Travel Service to promote the beautiful scenery. What do you think? Have you ever thought about becoming the next Ding Zhen?

Naomi: I am still very happy to be reprinted and forwarded, because my songs can be heard by more people, and they have also been recognized by CCTV and Sichuan media.

I don’t know if I am qualified, because Ding Zhen is very handsome, and I am a songwriter. But I am also very happy to be able to make a little contribution to promoting my hometown. Over the years, great changes have taken place in Liangshan Prefecture and meigu county. Thanks to the national policy, our village is now full of newly built buildings, not the mud houses we lived in as children.

Moreover, there is a high-speed direct line from meigu county to Xichang recently, which makes it more convenient for villagers to go to the city, and they can also directly pull our vegetables and grain and sell them.

As of April 10th, the number of Naomi fans has exceeded 2 million, and some videos have been praised by over one million. Screenshot of Nomi social platform

Upstream news: Look at your announcements recently. Do you have any plans for the future?

Naomi: I recently went to Xi ‘an and Dalian for performances, and I will go to Yangzhou for a music festival this weekend. To tell the truth, although I was famous before, I have never received so many invitations.

For myself, I will continue to write songs, make my own works, and go further on the road of music. For my family, I think they can live a better life.

Upstream journalist Li Wentao

To join LLM (large-scale language model), we should understand three problems in essence.

Due to the rapid development of artificial intelligence, many people finally begin to understand and accept the fact that AI is not far away from us, and it is changing our world. When looking at the opportunity of LLM (large language model), the author thinks deeply about three questions: what is the next development future of LLM, which landing directions are more promising, and what preparations we should make. I hope I can inspire you.

Recently, I have been looking at LLM opportunities myself, and I have had a lot of exchanges with entrepreneurs, investors and practitioners. The general feeling is "I know he is fine, but what should I do?" . In the process of being dragged by OpenAI, many opportunities have emerged, and everyone is in an excited and confused state.

Especially after OpenAI teamed up with Microsoft to knock over the text application (Jasper/Grammarly), office software (Microsoft Copilot), development framework (OpenAI plug-in for langchain) and low code (news just released today), this confusion further superimposed the fear of the centralized LLM giant whale turning over.

After deep thinking, I summed up these three questions and answered them from the bottom essence. He will be the core framework for me to look at LLM opportunities next, and I hope it will help you. Welcome to like, forward and see.

  1. What is the next development future of LLM?
  2. Which landing directions are more promising?
  3. What preparations should we make?

I made a prediction of LLM’s future on February 26th and March 2nd respectively, and the correct rate was nearly 100%. One of them was: Heavy: Counting the seven directions, who will give birth to the Eureka moment in ChatGPT field (only one of the seven directions has not been awarded).

But a friend asked me an impressive question, "How did you make these predictions?" . This is the difference between knowing it and knowing it. At that time, I couldn’t answer it. Now I have a preliminary framework after thinking and share it with you:

  1. What problems need to be solved now?
  2. What attempts can bring more space (and of course more problems to be solved)
  3. Are these directions technically feasible?
  4. 4. Is the commercial value of these directions worth investing in to change?

Therefore, I divide the future of LLM into two categories: status quo repair and development increment. At the same time, both technical and commercial judgments are applied for calibration.

Status quo restoration

No.1 high reasoning cost

At present, the price of OpenAI GPT-3 Davanci with the best performance is 0.02 USD /1Ktoken (about 3,800 Chinese characters/yuan), and the price of GPT-3.5 turbo after specialized fine-tuning is 0.002 USD/1 kToken (38,000 Chinese characters/yuan). At the same time, Baidu ERNIE Bot in China is said to have an API price of 0.12 yuan /1Ktoken, which is slightly cheaper than the Davanci version.

The purpose of listing so many data is to tell you intuitively how expensive the reasoning cost is now, and only a few businesses can meet the scissors difference of this price/cost.

Based on this problem, several sub-directions can be extended:

Open-source flat-substitution small models, such as Meta open-source LLama and extended Alpaca-lora, ColossalChat, etc., align the effect of hundreds of billions of parameters at a smaller parameter level (10B or 100B) through targeted fine-tuning.

Context compression reduces the length of context by semantic retrieval after file segmentation, or by merging long text segments. ChatPDF, for example, and even bing (although he didn’t make it public, I guess so).

The optimization of LLM itself, such as NVIDIA’s work at the chip level, and the optimization of algorithm, model structure and task scheduling.

It can be said that the Eight Immortals have crossed the sea, showing their magical powers. While the core manufacturers of big languages are doing optimization, small players are also desperately trying to reduce costs through various means. In order for LLM to further step into thousands of households and usher in the outbreak of SD algorithm on AI painting side, reasoning cost must be the most important first direction.

And it will be solved quickly, no matter from LLM itself, or the technical overlap of context compression, or the open source flat model, his various technical prospects are realistic. So if OpenAI announces a price cut again on April 1st, don’t be surprised, it’s a routine operation.

No.2 vertical adaptation problem

At present, there are several problems in fine-tuning some LLM dedicated to vertical fields:

The head model is expensive: the call price of Davanci basic model of OpenAI is $0.02 /1Ktoken, but the use price of the model after fine-tuning becomes $0.12 /1Ktoken, which is six times higher.

In fact, the new fine-tuning model based on Lora mechanism (freezing most model parameters and fine-tuning only a few parameters) can’t cost as much as six times. I suspect that OpenAI is forcing users to fine-tune the low-order model through this extremely high pricing strategy (after fine-tuning the lower-order model, although the price is still 6 times higher, it is only 60% of the price of the upper-level model), thus obtaining precious data of micro-adaptation of the low-order model. Therefore, there is theoretically room for OpenAI to lower the price of fine-tuning models.

Now, the emergence of open source leveling model may impact this strategy of OpenAI, and its fine-tuning price may be adjusted accordingly, and it may also open its own small model leveling. But this situation is actually the same as the launch of LLM by Google. It is very difficult to make a decision by digging your own roots.

On the other hand, the task ability of fine-tuning is limited. At present, the common fine-tuning is mainly in general fields, such as better marketing copy writing, friendlier/more professional/more serious answering methods, targeted text extraction, emotional classification and other traditional NLP tasks. The really urgent knowledge updating effect is very poor, that is, let LLM specially remember my professional data and answer honestly, which is one of the reasons why ChatGPT still remembers it only 21 years ago.

Attention loss in the context of No.3

Here, it is necessary to briefly explain what context and attention are. You will see that the original version of GPT is supported by token context around 2K, GPT-3 era becomes 4K, and GPT-4 era becomes 8K and 32K.

So why is context a problem to be solved step by step? Because its essence is that when you enter a long context (including your instructions, your supplementary knowledge, your examples, etc.), LLM needs to have a comprehensive understanding of your context and use a technology called "attention" to calculate the relationship between each word, even between the first word you enter and the last word you answer.

When LLM generates the answer, he will calculate which word should be generated this time to form the answer based on the attention weight. And this attention weight is to calculate all the contextual texts you input. The more texts, the more computing resources he needs (which is why OpenAI charges with token, and the input texts also cost money).

After understanding the context and attention, we return to this question-so when I calculate all the attention, which attention is more important?

This is the so-called attention out of control, or not to control me at all. Generally speaking, if I want you to remember some key information, I will mark that font in red and enlarge it 10 times.

In LLM technology, there are actually similar means. In the GPT-3.5 turbo API (version of CHatGPT), they defined a field called System, which can be regarded as allowing developers to define the most critical attention points by themselves. But in practice, the content in the system is always forgotten, and only one field to carry it is not enough to meet the rich needs of the business.

Therefore, controllable, adaptable and adjustable custom attention is a very key optimization point, which may appear in subsequent versions.

No.4 security complement

When I wrote this article, the open letter initiated by Musk has been signed by 1,000 people. The general content is "AI is terrible. You (OpenAI) are not allowed to iterate again until you find a constraint method!" .

In terms of LLM security, in fact, OpenAI has established the first set of standards, which are mainly divided into two aspects:

Illusion, that is, don’t answer what you don’t know. I don’t know whether it is wisdom or not.

Toxic, don’t be racist, don’t be sexist, don’t be geographical, don’t lead to do negative things, stay healthy in the sunshine, be a good AI and so on.

In their public papers, GPT-4 was put in place in August 2022 and was released in March 2023, all to solve the above security problems.

My view on this direction is: a copy of western environmental protection issues.

Is he a problem? Yes Why do people say this question? There are real concerns and interests. Will he really be executed? The leader uses it to beat his followers, and the followers use it to denounce the leader. The two sides will definitely wave big sticks and get into a ball (I thought it would be a while).

He is slightly different from environmental protection: there is no technical realization problem in environmental protection, and more is the entanglement of interests. And LLM’s hallucination and toxicity can’t be completely solved. I’m totally on boss Yang’s side in this judgment.

There is an interesting company, Anthropic, whose members come from entrepreneurs who have left OpenAI. At first, I was invested by Google, and I launched a Poe application with OpenAI for comparison. The effect is really poor. Moreover, his gold owner Google also made efforts to do it himself, and the whole situation was stormy. But he found a suitable way, stood in the field of LLM security, and introduced the so-called RLAIF (human feedback constraint security becomes AI feedback constraint security).

If I say, this is the wind outlet of the times, environmental protection problems can’t be solved, but environmental protection will support a huge market, and a top stream like environmental protection girls will be born.

No.5 can be explained

This is the only prediction that I won’t be rewarded by reality in my 7-direction articles. But I still think this is a very important direction, and interpretation is very important in all decision-making businesses.

I haven’t been doing AI in recent years, but I’m doing search recommendation. You can think of this search recommendation as a kind of AI decision (AI decides what comes before you). In this field, the higher the action cost, the more interpretability and information endorsement are needed.

For example, if you are recommended to watch a short video, your cost is almost zero, and the price of not being allowed is to take your fingers away; It is recommended that you watch a movie, and your cost is several tens of dollars+two hours of on-site viewing. If you are not standard, you will get a bad mood. I recommend you to buy financial products. Your cost is a pile of money, and it is not standard to lose this money.

You will find that the higher the action cost, the more you need to recommend explanations and more abundant information endorsement (film reviews, directors, highlights, etc.). LLM is also like this. If it wants to develop further, it must be more deeply involved in human life, and further take over and assist things with high action costs. The lack of explanation in this process is a super big problem.

From the pure LLM technology itself, I am not optimistic that it will be solved-the interpretability of neural networks is a super-old problem, not to mention the interpretability of LLM, a comprehensive technology. But it can always be partially alleviated by Cot, product design, source location, etc., which may also become a paradigm that all LLM designs will involve in the future.

No.6 essence learning

This concept comes from the following article, which is the LLM iterative concept https://mp.weixin.qq.com/s/hQmvltuMlClBonM6UJmtLg shared by OpenAI technicians.

In the article, OpenAI personnel think that LLM’s correct approach is: "Make clear the goal (task) of AGI basic model and collect as many effective data as possible, and then use all possible lossless compression methods to get the minimum description length of task method." My understanding is to learn the essence, not the superficial knowledge.

The whole idea is a bit like my sharing framework in this paper. It is better to give you a thinking framework for acquiring and analyzing this knowledge than to give you superficial knowledge. In philosophical terms, apriori is better than posteriori. For example, I know that Trump is the president of the United States. It is better for me to understand the concepts of president and the United States, and then get information through Bing to integrate.

This is also the reason why I think OpenAI gives up further stacking knowledge and uses external tools (calculator, wiki, Bing) to improve its ability. He didn’t compromise the reality, but always adhered to the best strategy in his mind, just as he has always adhered to the GPT direction in recent years.

But unfortunately, even if he found some new knowledge, he probably wouldn’t send paper.

No.7 business security

This part of the logic is very simple. Excluding the cost issue, many enterprises are still facing data security issues. And this security problem may be to the extent that cloud privatization can’t solve it.

Therefore, the next focus of OpenAI will definitely include the privatization and opening up of the cloud together with Azure, but at the same time, a large number of small model manufacturers (those who have changed their own research based on the open source model) will certainly usher in their own opportunities.

This is really simple. I don’t want to say anything more. It’s just that this fact hasn’t happened yet. It’s barely a prediction, so I’ll put it up and write it down.

No.8 lower the threshold

Part of the threshold comes from the cost, which has been mentioned in the first chapter.

The second part of the threshold comes from various development frameworks, such as langchain or Colossal-AI, which supports developers to realize applications more conveniently.

I’m not sure about the third part of the threshold. I’m a little suspicious that it’s an APP workflow with low code +AI painting+development framework. That is, everyone can realize their own APP at a very low cost in the future.

This part of OpenAI may end in person, especially the fact that everyone is a product manager and everyone can build their own APP, which is of great significance.

Development increment

No.1 understanding (multimodal)

In Microsoft’s KOSMOS-1 paper (that is, the one where I found the multimodal future), his example is not only image understanding, but also audio and video beside it, which is easy for everyone to foresee at present.

But I will add another small source: gyroscope, touch (screen), temperature, infrared, light, humidity and so on.

In fact, these concepts are quite different from images, audio and video. They do not have rich human information, and usually exist in a clear data format (for example, temperature = 17 C). After LLM landed in the new terminal such as mobile phone, he will get much more information than images, audio and video, and also include the quantitative information traditionally used by more than N people to describe the objective environment.

On the contrary, I am looking forward to the application of these small sources, because their information structure is very simple, basically in common code formats, and their existing capabilities can be quickly compatible, which is much simpler than the semantic integration of audio and video.

In addition, there is a super distant future (I think it’s far away … maybe a press conference will be held in a few days). At present, the autopilot side is modeling the real world in a sense, so if the real 3D world can be understood by LLM, then the whole world will be further unveiled to LLM.

No.2 intervention

The next step in understanding is action.

First of all, ChatGPT plug-in is an intervention to some extent, but it is limited by security risks. OpenAI has taken control and kept all the steps in the previous step (book the air ticket, and do the last step yourself).

Secondly, today’s news (No.28), OpenAI invested in the Norwegian robot company 1x; And before that, he also had related technology accumulation in mechanical arm (Dactyl series).

However, LLM’s action to solve the security problem is in great conflict with his current security problem. As mentioned in the explanatory part, AI only helps us to make decisions, and we all have such high requirements, not to mention that he wants to directly intervene in the world now?

I don’t expect this part in the short term. I think it is difficult to solve the technical security problem. After all, no one wants to be shaved off by a shaving robot.

No.3 multi-terminal integration

All Microsoft’s current attempts are around the PC: bing, office Family Bucket, GitHub. Therefore, in this after the war-fires of three months, the killer products are basically the application of productivity.

The remaining terminals, such as mobile phones, VR, headphones, speakers, etc., are actually still in a slow adaptation period.

One reason is that the head terminal manufacturers haven’t completely given up, and they want to do it themselves to see if they can break through. On the other hand, they may get the information late. Microsoft’s whole hands-on preparation may have been tried since last August, and most terminal manufacturers may wait until the release of ChatGPT on November 30 to react.

Everyone has reached a consensus on this trend. I won’t talk about his logic, but focus on the places that should be paid attention to in this direction:

1. To see more information input, such as the gyroscope, temperature and humidity, touch and so on that PC does not have, as I mentioned earlier.

2. Look at the differences in device characteristics. For example, the LBS of a mobile phone and the LBS of a PC are essentially two things, and the image input on a mobile phone and the image input on a PC are also two things. Mobile phones have the property of following time and space, which is different from the fixed PC, so we can’t simply look at the new device port with the cognition on the PC side.

3. Look at the low-cost terminal scheme, the small model of single-machine running (poor effect), can it be used in terminal running?

4. To see the new interactive paradigm, what is the final answer of CUI+GUI? Don’t be limited by the current dialog box. You should know that at the beginning of the mobile era, every APP looked exactly like the PC.

No.4 plug-in with tied wings

After the release of the ChatGPT plug-in, I didn’t write an article, because it was not as surprising as I thought.

At present, he is closer to Alexa Echo’s Skill Store than Apple’s Apple Store.

The difference between the two is that Apple’s own characteristics (mobile, gyro, touch, real-time LBS, etc.) provide a wide range of creativity for many apps based on it, while Skill Store provides limited characteristics, and because the input and output are single (voice), it has a very big limit (so the screen is added later).

To further develop, on the one hand, the image mode of GPT-4 needs to be open, on the other hand, ChatGPT needs to fall into more application terminals, get more information input from the terminals, and master more output means.

The plug-in market must be viewed in this way. LLM is the core competence, but this core competence is also limited by the input (information acquisition) and output (interactive means) of the terminal, so the key is not what the plug-in can do now, but what the plug-in can do in the future.

This time I asked myself, "What is the basis of your analysis? Why do you think this is good and that is bad? " , share my framework with you below:

1. What is the fundamental difference between this technology and the past?

Just like the analysis of speakers, mobile phones and PCs in the plug-in part, let’s first look at the essential changes brought by technology:

  • First, a more mature CUI can let LLM do anything for you, which is basically like an arm’s command (whether you can do it or not, say it to two).
  • Second, strong understanding ability is not limited to words, but also includes images, audio, video and 3D.
  • Third, powerful generation ability is not limited to content generation, but also includes code (application) and data (marked data).
  • Fourth, a certain reasoning ability, the ability to do basic logical reasoning, such as what to do first and what to do last, can help you string things together (I’m not talking about doing math problems, haha, not that kind of reasoning).
  • Fifth, man-machine trust, human beings used to have malicious contact with AI, that is, I don’t believe that you are an individual and will do all kinds of extreme tests, so the trust (or partial trust) brought by new technologies will be an essential change.

2. Is the direction you are looking at stock or increment?

Stock market refers to the market that existed before, such as customer service, education and games. Generally speaking, the barrier of stock market lies in senior business logic, and there are already many senior players. When the new technology comes, the old players will embrace each other and enter a new round of involution until the dynamic balance is formed again after the coiling.

In the stock market, it is almost difficult for new players to break through by LLM technology alone (especially this technology is very equal in a sense and the application threshold is very low).

At the same time, the stock market itself serves some market demands, and it is not certain whether these market demands will be further expanded and facilitated due to the experience improvement brought by new technologies (depending on industries or even specific applications).

Incremental market means that this market may have existed before, but the relevant technology is not up to standard, so the whole market is a blue ocean, and there are no strong old players. Everyone is equal and has their own abilities.

Please note that increment is not necessarily better than stock, stock is the vast majority of the current world, and AI’s destructive update and incremental drive to each stock market are also different.

3. Will the direction you are looking at be subverted by giants?

  • First, this direction is not on the main track of the giants, which everyone knows.
  • Second, to observe the future development direction of OpenAI, at least at present, small models, development frameworks, integrated workflows, etc. need to be alert to the end of OpenAI.

Finally, I share a terrible guess: what is the iterative rhythm of GPT-X?

  • In stage A, I provide a 1.0 model for 2B customers or 2C users to use. What I need to collect from it is "within the capability of the current version 1.0", what fine-tuning you have done, and what Prompt you have made to make LLM achieve the business effect you want.
  • In stage B, the collected Prompt or fine-tuning data are manually corrected and marked to form SFT supervised data set, and the RLHF mode is taken again to obtain the 2.0 model.
  • In the C stage, the 2.0 model is opened, and a bunch of old extended applications are turned over-a scene that used to need additional optimization, and now the general LLM capability can support it. Then, based on version 2.0, collect again "within the capability of version 2.0". What fine-tuning and Prompt have you made to make LLM achieve the business effect you want?

….. the above process will be infinite loop.

This guess can be combined with reviewing my previous chapter on "essential learning", which is consistent with the concept of OpenAI. From beginning to end, what they have to do is not to exercise LLM’s understanding of surface knowledge (such as who Trump is), but to exercise LLM’s thinking framework. The Prompt instruction condenses the expression and requirements of human beings for tasks, which is the most valuable data at this stage.

While we are still lamenting that the corpus data (such as paper and articles) in the Chinese world are not as good as those in the English world, the high-quality data in OpenAI’s eyes may have changed from factual data to instruction data.

4. Is his technology pre-established? Is there enough room for his business potential?

I have nothing to say about this part, just look at your technical understanding and business judgment … this is not something that can be explained clearly in a short article.

No.1 emotional direction

Emotional direction is the only pure incremental market I see at present. In the past, the development of this direction was very weak due to the limitation of technology. After the appearance of LLM, his technical premise has made this market possible.

But there are three problems in the emotional direction:

  • First, the issue of retention. Almost all this type of applications will find that there are very few long-term users, and short-term exciting attempts account for the majority. This problem can only be solved by core story, functional design and gameplay design.
  • Second, the issue of trust. In the near future, the concept of human beings has not changed, and it is full of malice for the first contact with AI. In the case of malicious pre-positioning, users will be particularly picky. This problem is not easy to solve either, so we can only wait for the ideological trend change brought by new technologies.
  • Third, the issue of time and energy. Betting on feelings is a seemingly energy-consuming thing that does not require physical strength. The more time users spend on such products, the more tired they will feel, and the centrifugal force on the products will be greater. A good solution is to construct flow, but it is very difficult. On the other hand, it is difficult for users to have enough reasons to provide enough time on this APP.

No.2 new paradigm

New technological development will always bring new paradigms, such as the impact of table tools on traditional tables in the PC era (not only tables, but also query and processing). Notion goes further, trying to promote All-in-one, forming the unification of Word, Excel and other formats, so that creators can concentrate on expressing ideas, while Notion is responsible for the diversified interpretation of output.

So Notion, or now Notion AI, is the final form? Or is it the final form to realize the mutual conversion and convenient operation of various files as quickly as Office Copilot?

Will there be a new file format ".ai", which can be freely extended (expanded) in real time during the presentation as long as you write your outline argument, and change various presentation methods (from guide map to PPT, and locally become an interactive table)?

I don’t know, this fantasy is meaningless, and many subtle innovations need to be stacked to become the standard paradigm of the new era.

In fact, in the early days of the emergence of new technologies, human imagination is always bound in the old thinking frame without knowing it. For example, in the book Power and Prediction, when electricity appears, it should be used to replace the steam engine in the factory.

Is it okay to just replace it? Steam is connected to various machines by pipes, while electricity only needs one wire. Steam must always be turned on, but electricity can be turned on and off at once. Steam power, for example, is seriously attenuated, so it needs to be in the middle of the factory, but electricity is not used. All these essential differences eventually gave birth to profound changes in technology, tools and management of industrial production.

Therefore, I don’t believe that the current creation that is simply superimposed on the old model is the final paradigm, not to mention that the life paradigm is still in its infancy because of the more entertaining mobile phones, VR and speakers.

In such a period, whoever polishes a new file format and a new paradigm (creation/work/life) first may get the best opportunity. -but I feel that the giants will never let go of this scene.

Opportunities in the wave of No.3 AI

Aiization is a wave, so the process of helping others keep up with the wave will create opportunities. This other person can be divided into 2C and 2B.

But regardless of 2C2B, we can roughly divide them into three categories:

1. Earn money with poor information

  • 2C: Teach painting, registration, writing and distribution, and earn 30,000 yuan in 10 days and 5,000 yuan on the date of batch numbering.
  • 2B: $20 a month to help you fire the data analyst, and $5,000 to quickly access CHatGPT into the live room/applet/WeChat official account.

2. Earn money for tool +AI price difference

  • 2c: ChatPDF, ChatPaper, or any other AI application with work or entertainment value.
  • 2b: SaaS services overlay AI. Some people think that LLM will destroy most SaaS, but my opinion is just the opposite. LLM can improve the capacity limit of SaaS and reduce its adaptation cost, thus promoting the prosperity of SaaS.

3. Earn money for self-training model

  • 2C: Stand-alone LLM, deteriorated but usable.
  • 2B: Privatized deployment, or MaaS, but cheaper than giant LLM.

No.4 opportunities in labor migration

After the agricultural revolution, the unit agricultural productivity overflowed, causing farmers to flow to industry. In the later period of the industrial revolution, the surplus labor force flowed to the tertiary industry. So now, because of the labor force that AI overflows (and is of better quality), where will they flow?

Is it attached to the peripheral services of the new AI, or is it flowing to the content industry (is our content supplied to the limit? ), or, as some friends say, return to the primary and secondary industries?

This kind of labor migration is bound to be accompanied by corresponding opportunities. I can’t see where the opportunity is. But a good way is to observe the United States. Their labor market is more acute and their capitalists are more ruthless. The whole migration direction may be shown in the United States first.

No.5 changes in humanistic thoughts

Changes in productivity will also bring changes in humanistic thoughts. For example, the industrial revolution erased the physical gap between men and women, and made women economically independent, thus promoting personality independence. Another example is the fragmentation of the mobile era, which makes short, flat and fast nipple music content gradually replace long and deep content.

So what will LLM technology bring? One guess is the "trust" mentioned above. Humans may gradually trust AI in the future and no longer have the malice when they first use it. The other extreme is the vigilant resistance to the "AI crisis". For example, the joint letter initiated by Musk today actually borrowed such anxiety.

But is there any other far-reaching influence? For example, after AI content is improved, it will further promote the two-level differentiation of creators: 99.9% good authors and 0.1% super good authors? For example, after the rapid outbreak of AIGC, the trust in machine recommendation turned to the trust of real KOL (human flesh information filter)?

However, the impact of changes in humanistic thoughts is usually concentrated in the content industry, or in the field of creators. What I can think of is to quickly open an anti-AI number and set up people from today.

No.6 can you be more specific

You may be a little disappointed to see this. What you said seems to be very broad. Do you have any more concrete dry goods?

First of all, if you don’t think and judge yourself in any direction (and combine your own past experience), I advise you not to go to the end. Any behavior that only digests superficial knowledge without establishing your own framework is like a goose without a trace, just like collecting = reading.

Secondly, if you really want to … look at my analysis library link, which has 69 directions (at the beginning of this big chapter), but the frequency of updating this library after me will be lower and lower, because its value to me is getting lower and lower. I have passed the stage of seeing all the green hills.

We should judge the changes brought about by this technological wave and decide what preparations we should make based on the changes.

  1. The leap of productivity brings about the improvement of production efficiency, the extinction of repetitive work and a broader production scope.
  2. The cognitive disorder brought about by the leap of productivity will break the concept establishment and be abandoned after the cognitive consensus.
  3. The pains caused by the mismatch between productivity and production relations include labor market, humanistic trend of thought and economic changes.

1. embrace the first year of UGA

Here, let me create a word: UGA, User Generated application, which is different from UGC.

Nowadays, more and more trends show that the radiation scope of LLM is not limited to the field of content creation, but also includes the field of application creation. The ease of use of OpenAI interface, the release of Github Copilot and Microsoft Power platform all prove this.

The following are some necessary labor in the process of building an APP:

  • Prototype drawing/design draft/poster: AI painting tool done
  • Back-end/algorithm/front-end: open source framework/github CPI lot/Microsoft Power Platform.
  • Data: LLM generation is done
  • Operation: Well, it seems that I have to do it myself for the time being.

So the first thing you need to do is to start your creativity and try to make it with all kinds of tools, no matter how ugly or boring it is, the beginning is the most important thing.

2. Finding the essence, a priori is better than a posteriori.

In the future when LLM is prevalent, the value of surface knowledge will be lower and lower, which can be proved by history:

When there is no search engine, we will record all the knowledge, and with the search engine, the knowledge can be taken at will.

In the LLM era, it goes further than search engines and can help us find the knowledge we need more efficiently and more matching.

Then when LLM comes to the future of mobile phone or even VR, you will not only know everything in front of the computer, but also know everything anytime and anywhere.

In this case, your most scarce ability is a more essential and transcendental underlying thinking framework, just like OpenAI’s goal-always find a more elegant way to understand the world.

3. Be curious, but manage information well.

In the rapidly changing world, there will be a lot of information pouring in. In this regard, I give some suggestions based on my personal experience:

  • First, choose your source. Note here that your source changes with your growth. Some authors will find it very helpful in your early days, but with your self-iteration, they should be removed from the source-that is, you have looked down at him. Never think, "What if he sends something useful?" Attention is very precious, so do it decisively and bravely! Move out of the attention, don’t look at the circle of friends, cancel the subscription!
  • Second, do efficient and fast reading. My reading habit is to browse quickly from top to tail, judge the quality of content according to the title or keyword, and then judge whether it is worth reading deeply. So the English world is actually very unfriendly to me. It’s not that I can’t read English, but my language level is not as good as a quick read … Let’s use some language translation tools at this time. From this point of view-text is actually a visual mode.
  • Third, do reading with input. I basically don’t read on the mobile terminal now. The mobile terminal is used for filtering. I will judge the information quality through the method in the second point and then forward it to read later. Sweep the goods on the PC side that day, then translate the abstract and record it in flomo. If you read it without extracting the essence, there is no difference between essence and collection.

To join LLM, we should essentially understand three questions: what is the future, which opportunities are better, and how to prepare for it.

4. Embrace the uncontrollable

Many people ask me what is the essential difference between AI product managers and products from other industries.

My opinion was published in AIGC, I see Vol.12, and it has not changed so far: "Technical understanding, business judgment and product design are the basic skills of the product, and there will be no essential difference just because it is an AI product. The biggest essential difference of AI product manager lies in the control of uncontrollable. The tools in his hand are extremely uncontrollable in technology, market and effect, and the core ability of product manager is to control it and look for One piece in the ups and downs of the waves. "

Now send this sentence to everyone who has read here. Now this is not only the core competence of AI product managers, but also the competence that everyone should share under this storm of the times.

How do men maintain their skin? Five essential skin care skills for men.

  Not all women do skin care. In fact, men should also do skin care well. Male friends also have some skin problems, such as acne, blackheads, large pores and so on. So what are the skills of skin care for male friends?

  High freshness is the key.

  The most important thing for men’s skin is to keep it high and fresh. Men’s sebaceous glands and sweat glands are exuberant, and the PH value of men’s skin is acidic, so the skin is easy to produce oil and sweat more. The first thing men should know in common sense of skin care is to keep their skin clean. But this cleaning doesn’t mean washing your face more. Too many times of washing your face will make water and oil unbalanced. In skin care products, you can choose some products that can effectively clean and repair the skin.

  Exfoliate old waste cutin

  If the cuticle of the skin accumulates too much, it will not be metabolized in time, and the skin will become more and more dull. Therefore, the key to improving dull complexion is to remove the old waste cutin. It is suggested that men and friends use a scrub with abrasive particles twice a week to clean their faces. After each face wash, wipe the skin with a cotton pad filled with make-up water, and clean the skin for the second time, so as to take away the residual dirt and grease.

  Hydrating and moisturizing

  Some men’s skin is prone to dryness, so hydrating and moisturizing are essential. You can choose some men’s rejuvenating cream or essence cream during the day, and make some deep moisturizing masks at night. Too dry skin can try to make a mask all night, that is, after removing the mask, do not wash it with water, just wipe off some mask components that overflow the face.

  There are requirements for shaving

  Shaving is also included in skin care. This is because shaving is close to the skin, and it will hurt the skin if you are not careful. And whether you use a razor or something else, it will cause some small wounds to your skin. Therefore, care should be taken before and after shaving. Before shaving, foam thoroughly, and after shaving, treat with aftershave water to relieve skin, astringe pores, sterilize and diminish inflammation, and prevent infection.

  Men also need to moisturize and resist aging.

  Anti-aging, regardless of gender. But men should never use women’s anti-aging products, which is the most basic common sense of male skin care. Men’s anti-aging can start with moisturizing. With the increase of age, men’s metabolism slows down, thus leaving their skin in a state of water shortage. Therefore, moisturizing products can moisturize the skin in time and resist the traces of time.

  Healthy living and eating habits

  The daily diet should take health as the principle, and take more vitamins, protein, minerals and other nutrients to supplement the nutrients needed by the skin. Drinking more green tea can effectively promote metabolism and resist oxidation. Avoid drinking too much to cause acne, drink less carbonated drinks, and prevent skin from being saccharified and yellow. In addition, get into the habit of going to bed early. 10: 00 p.m. to 2: 00 a.m. is the period of skin repair and adjustment. Only by staying asleep can you ensure skin health.

Global stock markets rose sharply to welcome the Bank of Japan to raise interest rates.

Today, on Monday, Japan’s stock market changed from last week’s decline to a rise-the gloom of the decline of Japan’s stock market and the rise of the yen exchange rate was swept away by two major factors: "Spring Fight" and the expectation of the Bank of Japan to raise interest rates.

On March 18th, the Nikkei average closed up 2.67% to 39,740.44 points, approaching the previous high of 40,472.11 points. The Dongzheng Index closed up 1.92% to 2,721.99 points.

Among the constituent stocks, Toyota Motor, with the largest market value, rose by 2.26%, and Mitsubishi Corporation, with Buffett’s position, rose by 3.39%. In the chip sector, Tokyo Electronics, the leading company in chip manufacturing, rose by 3.76%, Edwin Test, the global leader in chip testing, rose by 3.88%, and Socionext, a chip design company, rose by as much as 8.14%. In addition, Uniqlo’s parent company Fast Retailing Group rose by 4.73%.

In addition to the Japanese stock market, Asian stock markets generally rose today. A shares reversed last Friday’s decline and relayed at low altitude. Among them, the Growth Enterprise Market Index rose by 2.25%, while the Shenzhen Component Index and the rising Composite Index rose by 1.46% and 0.99% respectively.

In Europe and America, as of press time, the three major European indexes all rose, with France CAC40 and Germany DAX approaching the previous high. The US Nasdaq 100 futures rose 0.6%, while NVIDIA, Tesla, Google and other stocks rose more than 2% before the market.

Today and tomorrow (March 18 ~ 19) are the interest rate meeting of the Bank of Japan (BOJ) that attracts much attention. Previously, BOJ had repeatedly released news that it would raise interest rates by 0.1 percentage points at this meeting, thus ending the negative interest rate policy that lasted for eight years.

The interest rate hike is just around the corner, and the stock market is soaring. The relationship between the two seems to be counter-common sense.However, for Japan, which is shrouded by the "lost 30 years" and long-term negative interest rates, this interest rate hike seems to indicate that the economic recovery has finally seen hope, and this boost to the confidence of the economy and even the stock market is far greater than the interest rate increase of 0.1 percentage point.

In addition, the results of the just-concluded "Spring Fight" show that the average wage increase in Japan is 5.28%, which is the highest wage increase since 1991.This shows that enterprises are optimistic about the future prospects and end the wage policy of austerity that has been maintained for decades.

Paradigm transformation

The Nikkei News called this "Spring Fight" an important "paradigm shift".That is, Japanese employers who have always been cautious have finally stopped saving money on wages. This new trend emerged after three decades of low inflation and nominal wage growth.

"Spring Fight"The full name is "Spring Life Struggle" or "Spring Collective Negotiation", that is, the labor movement initiated by the Japanese working class in order to raise wages and improve working conditions every spring.

Previously, Japanese companies have been focusing on controlling labor costs in order to survive in global competition. But today, the situation has reversed. If Japanese companies don’t pay attractive wages, they will not be able to attract high-quality workers ….. and if they don’t attract outstanding talents, they will not be able to survive in international competition.

On March 7th, Rengo, Japan’s largest labor union, demanded an average wage increase of 5.85%, the biggest increase since 1993. It marks a major shift in Rengo’s approach. In previous decades, Rengo avoided making radical wage demands for fear of hurting employers. (Because if the employer goes bankrupt in order to provide employees with high wages, employees and trade unions will lose more than they gain.)

In the just-concluded "Spring Fight" negotiations, Toyota Motor Corporation, Japan’s largest auto company and Japan’s listed company with the highest market value, raised the employee’s bonus from 6.7 months’ salary in the previous year to 7.6 months’ salary, making it the highest annual bonus in history.

In addition, according to different positions, the monthly salary of Toyota employees will increase by a maximum of 28,440 yen (about 1,387 yuan). After Toyota’s salary increase strategy was determined, other car companies followed suit.

At present, Nippon Steel, which is bidding for American steel companies, is more aggressive in proposing a monthly salary increase of 35,000 yen (about 1,667 RMB), with an increase of 14%, far exceeding the 30,000 yen demanded by the trade union.

Last Friday, Rengo said that the preliminary statistics of the negotiation results showed that its member unions had won an average wage increase of 5.28%, which was the biggest increase since 1991, although it was not up to the target of 5.85%.

The sustained recovery of Japan’s economic environment and the upward trend of Japanese government bond yields have caused the Bank of Japan to face the urgent need to raise interest rates. The Bank of Japan, which has always been cautious, has repeatedly communicated with the market before, saying that it will raise interest rates at the interest rate meeting in March.

Before this rate hike, the Bank of Japan had not raised interest rates for 17 years. The Bank of Japan stressed that if we want to break this continuity, we will not necessarily tighten the control of the money supply, but only reduce the stimulus. Even after the possible interest rate hike, monetary policy will remain loose.

"Good or bad" interest rate hike

Why is the impact of this interest rate hike on the Japanese stock market and even the global market not only negative, but very positive? Even the global stock market rose sharply to welcome Japan’s interest rate hike?The author believes that the impact of interest rate hikes on the stock market is positive and negative. In this sense, raising interest rates can be divided into good interest rates and bad interest rates.

"Bad interest rate hike"It is a rate hike that has to be carried out in order to curb the further rapid rise of prices in the case of high prices and rampant inflation. Similar to the violent interest rate hike started by the Federal Reserve in 2022, it belongs to this kind of "bad interest rate hike". In this process of raising interest rates, if the economy can maintain growth, the economy will overheat; If economic growth slows down or even fails to grow, there will be economic stagflation.

The impact of this interest rate hike on the stock market is negative. In 2022, the US stock market experienced a sustained downward trend rarely seen in history, which was the result of this "bad interest rate hike".

but"Good interest rate hike"It is the interest rate increase in order to match the interest rate level with economic growth when the economic prospect is expected to be positive, or the result of stimulating the economy with low interest rates has been achieved. This interest rate hike is not to curb inflation, but to confirm the future economic growth prospects.

Japan’s interest rate hike this time belongs to this kind of "good interest rate hike".

Similar situations in history, such as the Federal Reserve’s interest rate hike in 2016. At that time, the oil price was more than 30 dollars (the lowest was 26 dollars), and there was no inflation; The global economy experienced the subprime mortgage crisis in the United States in 2008, the European debt crisis that lasted for many years after 2010, and the persistent geopolitical conflict in 2014-15, and finally saw the dawn of economic recovery in 2016, so raising interest rates at that time was equivalent to confirming the improvement of economic prospects.

In 2017, there was a beautiful year of coordinated recovery and prosperity of the global economy. In 2017, the Federal Reserve raised interest rates four times, and none of the global stock markets fell. The Hang Seng Index rose by 35% in the whole year.

Recently, the Bank of Japan said that with the rise of interest rates, the previous bond purchases to maintain the structural balance of the yield curve will also be cancelled.In 2023, the Bank of Japan purchased nearly 11.4 billion yen of 10-year Japanese government bonds to keep its yield below 1%. Up to now, the Japanese government bonds held by the Bank of Japan have accounted for half of its national debt issuance.

However, Bank of Japan Governor Kazuo Ueda said that BOJ would continue to buy bonds if the yield of government bonds soared with the interest rate hike. . .

Coordinated recovery

Generally speaking, the just-concluded "Spring Fight" and the upcoming meeting of the Bank of Japan to discuss interest rates may be an important turning point of the Japanese economy in recent decades, which will mean that the "lost 30 years" of the Japanese economy is coming to an end.

This has a far-reaching positive impact on the global economy and capital market.

Looking around the world, the latest CPI and PPI data released by the United States in February, as well as the data of non-agricultural employment population, all have the characteristics of "exceeding expectations". Although they are in a downward trend on the whole, the rate of decline is slow. Although this will cause certain variables in the expectation of the Fed’s interest rate cut, we should also see its positive factor, that is, the resilience of the US economy. After all, if the economic recession, in order to stimulate the economic restart and have to implement interest rate cuts, that is the big killer.

In addition, the latest CPI data released by China turned positive year-on-year and quarter-on-quarter, which is also a major positive factor for the global economy. After all, the pessimistic expectation of "negative inflation", which was generally worried from the media to the investment community, has been alleviated to some extent. If China’s economic recovery is maintained, China will also withdraw from the monetary easing policy in the next few quarters.

China, the United States and Japan are the top three economies in the world. If, at the current pace, Japanese negative interest rates end, China emerges from "negative inflation" and American economic data show resilience, the long-awaited coordinated global economic recovery is expected to come in the near future in 2024.

Based on this, what else can we be pessimistic about the stock market?

This is probably the reason why the US stock market wants to fall hard recently, the Japanese stock market rises sharply and welcomes interest rate hikes, and A shares and the Hang Seng Index relay at low altitude and continue to exert their strength.

This article comes from: Zhitong Finance APP

Reporting/feedback

What about Bugatti Veyron in America?

Although Bugatti Veyron is expensive, it represents the pinnacle of the automobile industry:

From design to manufacture, every detail has been carefully carved to ensure the excellent quality of the vehicle. Whether on the road or on the track, Bugatti Veyron can show incredible speed and stability.

In the China market, the basic model of Bugatti Veyron costs 25 million yuan, while the high-performance version costs more than 35 million yuan. The price of the special edition varies with different accessories, but at least it will not be less than 20 million yuan. In the European market, the official price of Bugatti Veyron is 1.4 million euros, equivalent to about 2 million dollars.

The first Bugatti Veyron convertible cost as much as $2.9 million. If denominated in RMB, the official price of the Bugatti Veyron convertible version is 14 million yuan. However, the actual transaction price of the first convertible Veyron reached 20 million yuan. Although the actual transaction price of the convertible version of Bugatti is nearly 6 million yuan higher than the official price, it does not mean that the convertible version of Veyron can be easily purchased in China for only 20 million yuan.

Bugatti Veyron is not only expensive, but also has amazing performance. It is equipped with a powerful W16 engine, which can generate more than 1000 horsepower. This enables Bugatti Veyron to accelerate from 0 to 100 km/h in just a few seconds. In addition, Bugatti Veyron has excellent driving experience and luxurious interior design, making it a real super sports car.