[Introduction] Vanke’s revenue in the first three quarters was nearly 219.9 billion yuan and 113,000 suites were delivered.

　　On the evening of October 30th, Vanke Enterprise Co., Ltd. (hereinafter referred to as Vanke) released its report for the third quarter of 2024. According to the third quarterly report, Vanke’s revenue in the first nine months was 219.89 billion yuan, and all public bonds were paid during the year.

　　Vanke’s revenue in the first nine months was 219.89 billion yuan.

　　The data shows that from January to September this year, Vanke’s accumulated operating income was 219.89 billion yuan; The net loss attributable to shareholders of listed companies was 17.94 billion yuan.

　　Among them, Vanke achieved operating income of 77.12 billion yuan in the third quarter; The net loss attributable to shareholders of listed companies is 8.09 billion yuan.

　　Regarding this performance loss, Vanke explained in the quarterly report that it was mainly due to the decline in the settlement scale and gross profit margin of development business, provision for impairment, some non-main financial investment losses, and the transaction price of some assets and equity was lower than the book value.

　　According to the announcement, from January to September, the gross profit margin of Vanke’s real estate development business was 8.3% before tax, 2.7% after deducting taxes and surcharges, 9.5% before tax and 4.9% after tax.

　　In fact, under the deep adjustment of the industry, the loss of housing enterprises is a common phenomenon, and the current first priority of housing enterprises is to ensure the safety of cash flow. According to the incomplete statistics in the semi-annual report period, over 60% of listed housing enterprises suffered losses, and the accumulated losses exceeded 100 billion yuan.

　　"In the case that the market scale has shrunk significantly in the past two years, full sales means trading at a price, and asset transactions have to be sold at a loss. The price of survival with a broken arm is often a big loss. In addition, the high-priced and restrictive land used in the high-speed development stage has further squeezed profits. Under the superposition of various factors, losses are more common. " A capital market person said.

　　All public bonds have been paid this year.

　　The third quarterly report shows that during the reporting period, Vanke continued to carry out its work around "guaranteeing the delivery of houses, guaranteeing payment, and transforming high-quality development".

　　In terms of delivery, in the first three quarters, Vanke completed the delivery of 113,000 suites on schedule with good quality, continued to promote the work of handing over certificates upon delivery, promoted property services in 51 large-scale projects, improved community business, transportation and education facilities, and created a community atmosphere. The increase in occupancy rate also promoted project sales.

　　It is understood that Vanke’s sales in the first three quarters exceeded 180 billion yuan, which outperformed the market. During the year, all new investment projects achieved 100% cash opening. Since 2023, the inventory capacity has exceeded 47 billion. After a series of policies were introduced at the end of September, Vanke also actively grasped market opportunities and achieved hot sales in many places.

　　It is understood that in recent years, Vanke has actively developed cutting-edge products that adapt to urban development trends, achieving hot sales in many first-tier and provincial capital cities, and its sales have remained at the forefront of the industry.

　　As a head housing enterprise, Vanke’s cash flow and financing situation have also received much attention from the market. In terms of public debt payment, in the third quarter, the Group achieved a net operating cash flow of 330 million yuan, which has remained positive since the second quarter.

　　According to the third quarterly report, as of the end of September, Vanke had completed the repayment of 19.7 billion yuan of public debt, and repaid about 70 billion yuan of interest-bearing debt in the first three quarters. There were no domestic and foreign public bonds due during the year.

　　Vanke said that during the reporting period, the Group took various measures to promote payment and ensure the smooth payment of public debts, including insisting on active sales, revitalizing existing resources, promoting bulk asset transactions and expanding asset withdrawal channels.

　　Among them, in terms of expanding asset exit channels, Vanke and CITIC and Taikang jointly established CITIC Vanke Consumer Infrastructure Pre-REIT Fund, and signed contracts for Shenzhen Longgang Vanke Plaza and Beijing Jiugong Vanke Plaza projects.

　　By the end of September, Vanke’s interest-bearing liabilities totaled 327.61 billion yuan, of which interest-bearing liabilities for more than one year accounted for 64.4%; The net debt ratio was 66.2%, and the asset-liability ratio excluding advance receipts was 65.4%, down 0.1 percentage point from the beginning of the year; The monetary funds held are 79.75 billion yuan.

　　On the whole, insiders pointed out that in the first three quarters of this year, in the face of the deep adjustment of the market, Vanke made full efforts to achieve both "guaranteed delivery" and "guaranteed payment".

　　The latest disclosure of the three main businesses

　　In April this year, Vanke proposed to focus on three main businesses: comprehensive residential development, property services and rental apartments. The latest third quarterly report also disclosed the status quo of these three main businesses.

　　According to the third quarterly report, in terms of real estate development, in the third quarter, Vanke achieved a contracted sales area of 3.913 million square meters and a contracted sales amount of 53.87 billion yuan, down 24.9% and 29.7% respectively.

　　In the first three quarters, Vanke achieved a total contracted sales area of 13.308 million square meters and contracted sales amount of 181.20 billion yuan, down 26.8% and 35.4% respectively.

　　Affected by favorable policies, the overall market activity increased during the 11th period. Vanke achieved good sales performance during the 11th holiday, achieving a subscription amount of 10.22 billion yuan, and the average daily subscription increased by 113% compared with the Mid-Autumn holiday. Among them, the conversion rate of visits in South China and Shanghai increased significantly, and the National Day subscription increased by more than 2 times compared with the Mid-Autumn holiday.

　　By the end of September, there were 19.616 million square meters of sold resources within the scope of Vanke’s consolidated statements, and the total contract amount was about 292.94 billion yuan.

　　In terms of property services, Vanke actively relies on service quality and brand advantages to expand high-quality projects, and continues to consolidate the quality of basic property services, and its smart property service capabilities are recognized.

　　According to the third quarterly report, in view of the listing of Wanwuyun on the Stock Exchange of Hong Kong Limited, detailed financial data on property services need to refer to its subsequent periodic reports.

　　In terms of renting apartments, the scale and efficiency of long-term rental apartment business remain the first in the industry. According to the announcement, in the first three quarters, Vanke’s rental housing business (including non-consolidated projects) achieved operating income of 2.63 billion yuan, a year-on-year increase of 3.7%. In the third quarter, Vanke’s "Park House" newly expanded 8641 houses and newly opened 4865 houses.

　　By the end of September, Boyu had operated and managed 247,000 long-term rental apartments, and opened 187,000 apartments, with a occupancy rate of 94.9%. In addition, Boyu actively responded to the national insurance policy, and 117,000 of the rented houses managed were included in the affordable rental housing.

Xinhua News Agency, Beijing, December 26th

People’s Republic of China (PRC) national defense law

(Adopted at the Fifth Session of the Eighth National People’s Congress on March 14, 1997)　

According to the Decision on Amending Some Laws of the 10th Session of the 11th the NPC Standing Committee on August 27th, 2009.　

Revised at the 24th meeting of the 13th the NPC Standing Committee on December 26th, 2020)

Catalogue

Chapter I General Principles

Chapter II National Defense Functions and Powers of State Organs

Chapter III Armed Forces

Chapter IV Defense in Frontier Defense, Coastal Defense, Air Defense and Other Major Security Fields

Chapter V National Defense Scientific Research, Production and Military Procurement

Chapter VI National Defense Funds and National Defense Assets

Chapter VII National Defense Education

Chapter VIII National Defense Mobilization and State of War

Chapter IX National Defense Obligations and Rights of Citizens and Organizations

Chapter X Obligations and Rights and Interests of Soldiers

Chapter XI Foreign Military Relations

Chapter XII Supplementary Provisions

Chapter I General Principles

Article 1 This Law is formulated in accordance with the Constitution for the purpose of building and consolidating national defense, ensuring the smooth progress of reform, opening up and socialist modernization, and realizing the great rejuvenation of the Chinese nation.

Article 2 This Law is applicable to the military activities carried out by the state to guard against and resist aggression, stop armed subversion and division, and safeguard national sovereignty, unity, territorial integrity, security and development interests, as well as military-related political, economic, diplomatic, scientific, technological and educational activities.

Article 3 National defense is the security guarantee for the survival and development of the country.

The state strengthens the construction of armed forces, strengthens the defense construction in frontier defense, coastal defense, air defense and other major security fields, develops national defense scientific research and production, popularizes national defense education for the whole people, improves the national defense mobilization system, and realizes national defense modernization.

Article 4 National defense activities adhere to the guidance of Marxism–Leninism, Mao Zedong Thought, Deng Xiaoping Theory, Theory of Three Represents, Scientific Outlook on Development and the Supreme Leader’s Thought of the New Era, implement the Supreme Leader’s Thought of Strengthening the Army, adhere to the overall concept of national security, implement the military strategic policy of the new era, and build a consolidated national defense and powerful armed force commensurate with China’s international status and compatible with national security and development interests.

Article 5 The State exercises unified leadership over national defense activities.

Article 6 People’s Republic of China (PRC) pursues a defensive national defense policy, independently builds and consolidates national defense, actively defends and upholds national defense for all.

The state adheres to the coordinated, balanced and compatible development of economic construction and national defense construction, carries out national defense activities in accordance with the law, accelerates the modernization of national defense and the armed forces, and realizes the unification of enriching the country and strengthening the armed forces.

Article 7 It is the sacred duty of every citizen in People’s Republic of China (PRC) to defend the motherland and resist aggression.

People’s Republic of China (PRC) citizens should fulfill their national defense obligations according to law.

All state organs and armed forces, political parties and people’s organizations, enterprises, institutions, social organizations and other organizations should support and participate in national defense construction according to law, perform national defense duties and complete national defense tasks.

Article 8 The state and society respect and give preferential treatment to servicemen, safeguard their status and legitimate rights and interests, and carry out various forms of activities of supporting the army and giving priority to their families, so that servicemen can become a respected profession of the whole society.

The China People’s Liberation Army and the Chinese People’s Armed Police Force carried out activities to support the government and love the people, and consolidated the unity of the army, the government and the people.

Article 9 People’s Republic of China (PRC) actively promotes international military exchanges and cooperation, safeguards world peace and opposes acts of aggression and expansion.

Article 10 Organizations and individuals who have made contributions to national defense activities shall be commended and rewarded in accordance with the provisions of relevant laws and regulations.

Article 11 Any organization or individual that violates this Law and other relevant laws, refuses to perform national defense obligations or endangers national defense interests shall be investigated for legal responsibility according to law.

Public officials who abuse their powers, neglect their duties or engage in malpractices for selfish ends in national defense activities shall be investigated for legal responsibility according to law.

Chapter II National Defense Functions and Powers of State Organs

Article 12 The National People’s Congress decides on issues of war and peace in accordance with the provisions of the Constitution, and exercises other functions and powers in national defense as stipulated in the Constitution.

In accordance with the provisions of the Constitution, the NPC Standing Committee decides to declare a state of war, decide on national general mobilization or partial mobilization, and exercise other functions and powers in national defense as stipulated in the Constitution.

Article 13 In accordance with the decisions of the National People’s Congress and the NPC Standing Committee, President People’s Republic of China (PRC) declared a state of war, issued a mobilization order, and exercised other functions and powers in national defense as stipulated in the Constitution.

Fourteenth the State Council leadership and management of national defense construction, exercise the following functions and powers:

(a) the preparation of relevant development plans and plans for national defense construction;

(2) Formulating relevant policies and administrative regulations on national defense construction;

(3) to lead and manage national defense scientific research and production;

(four) the management of national defense funds and national defense assets;

(five) to lead and manage the mobilization of the national economy and the construction and organization of civil air defense and national defense transportation;

(six) the leadership and management of yongjunyoushu work and retired military security work;

(7) Co-leading the construction of militia, conscription and management of defense in frontier defense, coastal defense, air defense and other major security fields with the Central Military Commission (CMC);

(eight) other functions and powers related to national defense construction as prescribed by law.

Article 15 the Central Military Commission (CMC) leads the national armed forces and exercises the following functions and powers:

(a) unified command of the national armed forces;

(2) to decide on the military strategy and the operational policy of the armed forces;

(three) to lead and manage the construction of the China People’s Liberation Army and the Chinese People’s Armed Police Force, formulate plans and organize their implementation;

(four) to submit a motion to the National People’s Congress or the NPC Standing Committee;

(5) To formulate military regulations and issue decisions and orders in accordance with the Constitution and laws;

(6) To decide on the system and establishment of the China People’s Liberation Army and the Chinese People’s Armed Police Force, and to stipulate the tasks and responsibilities of the Central Military Commission (CMC) government departments, war zones, services and arms, the Chinese People’s Armed Police Force and other units;

(seven) in accordance with the provisions of laws and military regulations, the appointment and removal, training, assessment and reward and punishment of members of the armed forces;

(eight) to decide on the weapons and equipment system of the armed forces, formulate weapons and equipment development plans, and cooperate with the State Council to lead and manage national defense scientific research and production;

(nine) to manage national defense funds and national defense assets in conjunction with the State Council;

(ten) to lead and manage the mobilization and reserve work of the people’s armed forces;

(eleven) to organize international military exchanges and cooperation;

(twelve) other functions and powers as prescribed by law.

Article 16 the Central Military Commission (CMC) implements the chairman responsibility system.

Seventeenth the State Council and the Central Military Commission (CMC) to establish a coordination mechanism to solve major issues of national defense affairs.

The central state organs and the relevant departments of the Central Military Commission (CMC) organs may hold meetings according to the situation to coordinate and solve problems related to national defense affairs.

Article 18 Local people’s congresses at various levels and the standing committees of local people’s congresses at or above the county level shall, within their respective administrative areas, ensure the observance and implementation of laws and regulations on national defense affairs.

Local people’s governments at various levels shall, within the limits of authority prescribed by law, administer the work of conscription, militia, mobilization of national economy, civil air defense, national defense transportation, protection of national defense facilities, and protection and preferential treatment of demobilized soldiers.

Article 19 Local people’s governments at all levels and resident military organs shall convene joint meetings of the military and the land as needed to coordinate and solve problems related to national defense affairs within their respective administrative areas.

The joint military-civilian meeting shall be convened jointly by the responsible persons of the local people’s governments and the resident military organs. The participants in the joint military-civilian meeting shall be determined by the convener.

Matters agreed upon at the joint meeting of the military and local authorities shall be handled by the local people’s government and the resident military organs according to their respective responsibilities and tasks, and major matters shall be reported to their superiors respectively.

Chapter III Armed Forces

Article 20 The armed forces of People’s Republic of China (PRC) belong to the people. Its task is to consolidate national defense, resist aggression, defend the motherland, safeguard the people’s peaceful labor, participate in national construction, and serve the people wholeheartedly.

Article 21 The armed forces of People’s Republic of China (PRC) are under the leadership of the Communist Party of China (CPC). The Communist Party of China (CPC) organizations in the armed forces carry out their activities in accordance with Constitution of the Communist Party of China.

Article 22 The armed forces of People’s Republic of China (PRC) are composed of the China People’s Liberation Army, the Chinese People’s Armed Police Force and the militia.

The China People’s Liberation Army is composed of active and reserve forces. Its mission in the new era is to provide strategic support for consolidating the Communist Party of China (CPC)’s leadership and socialist system, defending national sovereignty, unity and territorial integrity, safeguarding national overseas interests and promoting world peace and development. Active duty troops are the standing army of the country, mainly responsible for defensive operations and carrying out non-war military operations in accordance with regulations. The reserve forces shall conduct military training and carry out defensive operations and non-war military operations in accordance with regulations; According to the mobilization order issued by the state, the Central Military Commission (CMC) issued an order to be transferred to active service.

The Chinese People’s Armed Police Force is responsible for duty, handling social security emergencies, preventing and handling terrorist activities, maritime rights enforcement, emergency rescue and defensive operations, and other tasks entrusted by the Central Military Commission (CMC).

The militia, under the command of military organs, undertakes combat readiness, non-war military operations and defensive operations.

Article 23 The armed forces of People’s Republic of China (PRC) must abide by the Constitution and laws.

Article 24 People’s Republic of China (PRC)’s armed forces should adhere to the road of strengthening the army with China characteristics, strengthen the army with politics, reform, science and technology, strengthen the army with talents, manage the army according to law, strengthen military training, carry out political work, improve the level of security, comprehensively promote the modernization of military theory, military organization, military personnel and weapons and equipment, build a modern combat system with China characteristics, comprehensively improve combat effectiveness, and strive to achieve the Party’s goal of strengthening the army in the new era.

Article 25 The size of People’s Republic of China (PRC)’s armed forces should meet the needs of safeguarding national sovereignty, security and development interests.

Article 26 Military service in People’s Republic of China (PRC) is divided into active service and reserve service. The service system for servicemen and reservists shall be prescribed by law.

The China People’s Liberation Army and the Chinese People’s Armed Police Force implement the rank system in accordance with the law.

Article 27 The China People’s Liberation Army and the Chinese People’s Armed Police Force shall practise a civilian personnel system in their designated posts.

Article 28 The flag and emblem of China People’s Liberation Army are the symbols and symbols of China People’s Liberation Army. The flag and emblem of the Chinese People’s Armed Police Force are the symbols and symbols of the Chinese People’s Armed Police Force.

Citizens and organizations shall respect the flag and emblem of the China People’s Liberation Army and the flag and emblem of the Chinese People’s Armed Police Force.

The design, style and management measures for the flag and emblem of the China People’s Liberation Army and the flag and emblem of the Chinese People’s Armed Police Force shall be formulated by the Central Military Commission (CMC).

Article 29 The State prohibits any organization or individual from illegally establishing an armed organization, illegal armed activities and posing as a soldier or armed forces organization.

Chapter IV Defense in Frontier Defense, Coastal Defense, Air Defense and Other Major Security Fields

Article 30 People’s Republic of China (PRC)’s territorial land, waters and airspace are inviolable. The state builds strong and stable modern frontier defense, coastal defense and air defense, and adopts effective defense and management measures to safeguard the safety of territorial land, territorial waters and airspace and safeguard the national maritime rights and interests.

The state takes necessary measures to safeguard the safety of activities, assets and other interests in other major security fields such as space, electromagnetism and cyberspace.

Article 31 the Central Military Commission (CMC) shall exercise unified leadership over defense work in frontier defense, coastal defense, air defense and other major security fields.

The central state organs, local people’s governments at various levels and relevant military organs shall, within the prescribed scope of functions and powers, be responsible for the management and defense of frontier defense, coastal defense, air defense and other major security areas in a division of labor, and jointly safeguard national security and interests.

Article 32 The state shall, according to the needs of defense in frontier defense, coastal defense, air defense and other major security fields, strengthen the construction of defense forces and build defense facilities such as operations, command, communications, measurement and control, navigation, protection, transportation and security. People’s governments at all levels and military organs shall, in accordance with the provisions of laws and regulations, ensure the construction of national defense facilities and protect the safety of national defense facilities.

Chapter V National Defense Scientific Research, Production and Military Procurement

Article 33 The state establishes and improves the national defense science, technology and industry system, develops national defense scientific research and production, and provides the armed forces with weapons and equipment with advanced performance, reliable quality, complete supporting facilities, convenient operation and maintenance, and other applicable military materials to meet the needs of national defense.

Article 34 The national defense science, technology and industry shall follow the policy of combining military and civilian, combining peacetime and wartime, giving priority to military products, being driven by innovation, and being independent and controllable.

The state makes overall plans for the construction of national defense science, technology and industry, adheres to the principle of national leadership, division of labor and cooperation, professional support, openness and integration, and maintains the national defense scientific research and production capacity with appropriate scale and reasonable layout.

Article 35 The state makes full use of the superior resources of the whole society, promotes the progress of national defense science and technology, speeds up independent research and development of technology, gives full play to the leading role of high and new technologies in the development of weapons and equipment, increases technical reserves, improves the national defense intellectual property system, promotes the transformation of national defense scientific and technological achievements, promotes the sharing and collaborative innovation of scientific and technological resources, and improves the national defense scientific research capability and the technical level of weapons and equipment.

Article 36 The state creates favorable environment and conditions, strengthens the training of national defense science and technology talents, encourages and attracts outstanding talents to enter the field of national defense scientific research and production, and stimulates the innovative vitality of talents.

National defense science and technology workers should be respected by the whole society. The state gradually improves the treatment of national defense science and technology workers and protects their legitimate rights and interests.

Article 37 The State practices a military procurement system according to law to ensure the procurement and supply of weapons and equipment, materials, projects and services needed by the armed forces.

Article 38 The State exercises unified leadership and planned control over national defense scientific research and production. Pay attention to the role of market mechanism and promote fair competition in national defense scientific research and production and military procurement activities.

The state provides necessary guarantee conditions and preferential policies for organizations and individuals undertaking national defense scientific research and production tasks and accepting military procurement according to law. Local people’s governments at all levels shall provide assistance and support to organizations and individuals that undertake national defense scientific research and production tasks and accept military procurement according to law.

Organizations and individuals undertaking national defense scientific research and production tasks and accepting military procurement should keep secrets, complete tasks in a timely and efficient manner, ensure quality and provide corresponding service guarantees.

The state implements a system of quality responsibility investigation for weapons and equipment, materials, projects and services supplied to the armed forces according to law.

Chapter VI National Defense Funds and National Defense Assets

Article 39 The state guarantees the necessary funds for national defense. The growth of national defense funds should be compatible with national defense demand and the level of national economic development.

National defense funds shall be subject to budget management according to law.

Article 40 The funds directly invested by the state for the construction of armed forces, national defense scientific research and production and other national defense construction, the allocated land and other resources, and the resulting weapons and equipment, equipment and facilities, materials and equipment, and technological achievements used for national defense purposes belong to national defense assets.

National defense assets belong to the state.

Article 41 The state shall, according to the needs of national defense and economic construction, determine the scale, structure and layout of national defense assets, and adjust and dispose of national defense assets.

The management institutions and units that possess and use national defense assets shall manage national defense assets according to law and give full play to their effectiveness.

Article 42 The state protects national defense assets from infringement and ensures the safety, integrity and effectiveness of national defense assets.

It is forbidden for any organization or individual to destroy, damage or occupy national defense assets. Without the approval of institutions authorized by the State Council, the Central Military Commission (CMC), the State Council and the Central Military Commission (CMC), the possessor or user of national defense assets shall not change the use of national defense assets for national defense purposes. The technological achievements in national defense assets can be used for other purposes in accordance with the relevant provisions of the state on the premise of adhering to national defense priority and ensuring safety.

The management organization of national defense assets or the units that possess and use national defense assets that are no longer used for national defense purposes shall, in accordance with the provisions, submit for approval, and use them for other purposes or dispose of them according to law.

Chapter VII National Defense Education

Article 43 Through national defense education, the state enables all citizens to enhance their sense of national defense, strengthen their sense of hardship, master national defense knowledge, improve their national defense skills, carry forward the spirit of patriotism, and fulfill their national defense obligations according to law.

Popularizing and strengthening national defense education is the common responsibility of the whole society.

Article 44 National defense education adheres to the principle of participation by the whole people, long-term persistence and practical results, and implements the principles of combining regular education with centralized education, combining universal education with key education, and combining theoretical education with behavioral education.

Forty-fifth national defense education departments should strengthen the organization and management of national defense education, and other relevant departments should do a good job in national defense education in accordance with the prescribed responsibilities.

Military organs shall support relevant organs and organizations to carry out national defense education and provide relevant facilities according to law.

All state organs, armed forces, political parties, people’s organizations, enterprises, institutions, social organizations and other organizations shall organize their own regions, departments and units to carry out national defense education.

National defense education in schools is the basis of national defense education for all. Schools at all levels and types should set up appropriate national defense education courses, or increase the content of national defense education in relevant courses. Ordinary institutions of higher learning and high school schools shall organize military training for students in accordance with regulations.

Public officials should actively participate in national defense education, improve national defense literacy, and play an exemplary role in national defense education for all.

Forty-sixth people’s governments at all levels should incorporate national defense education into the national economic and social development plan to ensure the funds needed for national defense education.

Chapter VIII National Defense Mobilization and State of War

Article 47 When People’s Republic of China (PRC)’s sovereignty, unity, territorial integrity, security and development interests are threatened, the state shall, in accordance with the provisions of the Constitution and laws, carry out national general mobilization or partial mobilization.

Article 48 The State shall incorporate the preparations for national defense mobilization into the overall national development plan and plan, improve the national defense mobilization system, enhance the national defense mobilization potential and enhance the national defense mobilization capability.

Article 49 The State establishes a strategic material reserve system. Strategic material reserves should be of moderate scale, safe storage, convenient call and regular replacement to ensure wartime needs.

Article 50 Relevant departments of the national defense mobilization leading bodies, central state organs and the Central Military Commission (CMC) organs shall organize the preparation and implementation of national defense mobilization in accordance with the division of responsibilities.

All state organs and armed forces, political parties and people’s organizations, enterprises, institutions, social organizations, other organizations and citizens must complete preparations for national defense mobilization in accordance with the law; After the mobilization order is issued by the state, the required national defense mobilization task must be completed.

Article 51 The state may, according to the needs of national defense mobilization, expropriate and requisition the equipment, facilities, means of transportation, places and other property of organizations and individuals according to law.

The people’s governments at or above the county level shall, in accordance with the relevant provisions of the state, give fair and reasonable compensation for the direct economic losses caused by the expropriation and requisition.

Article 52 The state declares a state of war in accordance with the provisions of the Constitution, and adopts various measures to concentrate manpower, material resources and financial resources to lead all citizens to defend the motherland and resist aggression.

Chapter IX National Defense Obligations and Rights of Citizens and Organizations

Article 53 It is the glorious duty of People’s Republic of China (PRC) citizens to perform military service and join militia organizations in accordance with the law.

Military service organs at all levels and people’s armed institutions at the grass-roots level shall handle military service according to law, complete conscription tasks according to the orders of the State Council and the Central Military Commission (CMC), and ensure the quality of soldiers. Relevant state organs, people’s organizations, enterprises, institutions, social organizations and other organizations shall complete the militia and reserve work in accordance with the law and assist in the task of conscription.

Article 54 Enterprises, institutions and individuals undertaking national defense scientific research and production tasks or accepting military procurement shall provide weapons and equipment or materials, projects and services that meet quality standards as required.

Enterprises, institutions and individuals shall, in accordance with state regulations, implement national defense requirements in construction projects closely related to national defense and safeguard the needs of national defense construction and military operations according to law. The management and operation units of transportation facilities such as stations, ports, airports and roads shall provide priority services for the passage of military personnel, military vehicles and ships, and give preferential treatment in accordance with regulations.

Article 55 Citizens shall receive national defense education.

Citizens and organizations shall protect national defense facilities and shall not destroy or endanger them.

Citizens and organizations shall abide by the confidentiality provisions, and shall not disclose state secrets in national defense, and shall not illegally hold secret documents, materials and other secret articles in national defense.

Article 56 Citizens and organizations shall support national defense construction and provide convenience or other assistance for military training, combat readiness, defensive operations and non-war military operations of the armed forces.

The state encourages and supports qualified citizens and enterprises to invest in national defense, protects the legitimate rights and interests of investors and gives preferential policies according to law.

Article 57 Citizens and organizations have the right to make suggestions on national defense construction and to stop or report acts endangering national defense interests.

Article 58 Militia, reservists and other citizens shall perform their duties and obligations when they participate in military training according to law and undertake tasks such as combat readiness, defensive operations and non-war military operations. The state and society ensure that they enjoy corresponding treatment, and give them preferential treatment in accordance with relevant regulations.

Citizens and organizations that suffer direct economic losses due to national defense construction and military activities may receive compensation in accordance with relevant state regulations.

Chapter X Obligations and Rights and Interests of Soldiers

Fifty-ninth soldiers must be loyal to the motherland, loyal to the Communist Party of China (CPC), perform their duties, fight bravely, not afraid of sacrifice, and defend the security, honor and interests of the motherland.

Article 60 Soldiers must abide by the Constitution and laws in an exemplary manner, observe military regulations, execute orders and strictly observe discipline.

Article 61 Soldiers should carry forward the fine traditions of the people’s army, love and protect the people, take an active part in socialist modernization and complete tasks such as emergency rescue and disaster relief.

Article 62 Soldiers should be respected by the whole society.

The state establishes a military meritorious honor recognition system.

The state takes effective measures to protect the honor and personal dignity of military personnel, and provides special protection for the marriage of military personnel in accordance with the law.

The behavior of military personnel performing their duties according to law is protected by law.

Article 63 The state and society give preferential treatment to servicemen.

The state establishes a military treatment guarantee system that is compatible with military occupation and coordinated with the development of national economy.

Article 64 The state establishes a security system for retired military personnel, properly arranges retired military personnel and safeguards their legitimate rights and interests.

Article 65 The state and society give preferential treatment to disabled soldiers and give special protection to disabled soldiers’s life and medical care according to law.

After disabled soldiers, who was disabled or sick due to war or duty, retired from active service, the people’s governments at or above the county level shall promptly receive resettlement and ensure that his life is not lower than the local average living standard.

Article 66 The state and society give preferential treatment to families of servicemen, and give preferential treatment to families of martyrs and families of servicemen who died in the line of duty.

Chapter XI Foreign Military Relations

Article 67 People’s Republic of China (PRC) adheres to the five principles of mutual respect for sovereignty and territorial integrity, mutual non-aggression, non-interference in each other’s internal affairs, equality and mutual benefit, and peaceful coexistence, maintains the international system with the United Nations at the core and the international order based on international law, adheres to the concept of common, comprehensive, cooperative and sustainable security, promotes the building of a community of human destiny, independently handles foreign military relations, and conducts military exchanges and cooperation.

Article 68 People’s Republic of China (PRC) follows the basic norms of international relations based on the purposes and principles of the Charter of the United Nations, uses its armed forces in accordance with relevant national laws to protect the safety of citizens, organizations, institutions and facilities in China overseas, participates in United Nations peacekeeping, international rescue, maritime escort, joint training, combating terrorism and other activities, fulfills its international security obligations and safeguards the country’s overseas interests.

Article 69 People’s Republic of China (PRC) supports the military-related activities carried out by the international community that are conducive to maintaining world and regional peace, security and stability, supports the efforts made by the international community for the fair and reasonable settlement of international disputes and international arms control, disarmament and non-proliferation, participates in multilateral dialogue and negotiations in the security field, and promotes the formulation of universally accepted, fair and reasonable international rules.

Article 70 In its foreign military relations, People’s Republic of China (PRC) abides by relevant treaties and agreements concluded or acceded to with foreign countries and international organizations.

Chapter XII Supplementary Provisions

Article 71 The term "serviceman" as mentioned in this Law refers to officers, non-commissioned officers, conscripts and other personnel serving in the China People’s Liberation Army.

The provisions of this Law concerning soldiers shall apply to the People’s Armed Police.

Article 72 The defense of the People’s Republic of China (PRC) Special Administrative Region shall be stipulated by the Basic Law of the Special Administrative Region and relevant laws.

Article 73 This Law shall come into force as of January 1, 2021.

　　Recently, the south of our country has been hit by heavy rainfall, and many rivers have been flooded by over-alarm and over-insurance, and many places have experienced flash floods and geological disasters. According to the forecast of the meteorological department, from May 29th to 30th, there will be heavy rains in the south, northeast and Xinjiang, heavy rains in some areas, and strong convective weather such as thunderstorms or hail in the local area.

　　The relevant person in charge of the National Defense General and Emergency Management Department hosted a video conference on flood control today (29th) to redeploy the flood control work in key areas. It is required to do a good job in flood control, flood preparedness and emergency response. Responsible persons at all levels should take command from the front and organize disaster prevention and rescue and disaster relief from the front line. It is necessary to further strengthen the consultation, judgment and early warning release, organize inter-departmental joint rolling consultation, accurately judge the flood control situation, strengthen the connection between high-level early warning and emergency response, timely release the early warning of geological disasters such as rainstorm, flood and mountain torrents, and implement the early warning "calling" mechanism. It is necessary to further strengthen the prevention and response measures, highlight the prevention of geological disasters such as mountain torrents, the safety of flood control projects, the flood control safety of cities and key areas, and the response to severe convective weather, and implement various defense measures such as personnel transfer and avoidance, 24-hour flood control inspections, and investigation of hidden dangers in cities, preset rescue teams, find signs of danger in time, and quickly organize rescue and disposal to ensure the early and small danger and ensure the safety of people’s lives. It is necessary to do a solid job in resettlement and assistance for the affected people, grasp the disaster situation at the first time and report it in time, increase the investment in disaster relief funds and materials, make overall plans for the prevention and control of the epidemic situation in COVID-19 in the disaster area and post-disaster epidemic prevention, properly arrange the basic livelihood of the affected people, and pass on the care and warmth of the party to the affected people.

　　Today, the National Defense General continued to maintain the flood control level IV emergency response, and the working group and expert group continued to assist and guide the local authorities in the prevention and response of heavy rainfall in Fujian and Jiangxi provinces.

　　(CCTV reporter Guorong Tang)

At about 16: 00 on August 13th, tornadoes occurred in Wanying, Xiaohai and Nanyang towns in Dafeng District, Yancheng City, Jiangsu Province, which were preliminarily identified as EF2 medium-intensity tornadoes by experts. According to a report on the evening of 13th in Dafeng District, Yancheng City, Jiangsu Province, 2 people were killed and 15 injured in the disaster.

Tornado is called the king of style. There are many rumors about its powerful power, such as uprooting trees, blowing cars into the sky, and turning into dragons to absorb water … Are these rumors true or false? How strong is the EF2 tornado? Why are tornadoes frequent in Jiangsu? China Weather Network launched the tornado chapter of "Weather Archives", and let’s listen to its confession.

Hello, everyone, I am a tornado. My name is world-famous, but not many people have actually seen me. Because of this, there are many legends about me circulating in the Jianghu. There are people who drive around the world to track my figure in order to see my style. Next, I will introduce myself: first of all, please remember, don’t be infatuated with me, I am just a gust of wind, a wind that can kill people.

I was born in unstable weather conditions, which is a strong and small-scale air vortex caused by air convection. When cold and warm air masses collide with each other, a cumulonimbus cloud will be formed. There are high-altitude airflow and low-altitude airflow inside the huge cumulonimbus cloud. When the ascending airflow is constantly entangled with the descending airflow, a strong horizontal vortex will occur. In the process of vortex rotation, it continues to be involved in more airflow, and it keeps growing like a snowball. I was formed when the vortex developed large enough and fell to the ground.

As a member of the strong convection family, my body is petite, with a diameter of several meters to several hundred meters, especially as large as 1 kilometer. My playing time is usually short, usually lasting a few minutes to dozens of minutes. Although I am small, I am extremely destructive. My central wind power can reach 30-150 m/s, and in extreme cases it can reach 300 m/s, which is several times faster than the maximum wind speed in the center of a strong typhoon. The huge wind speed allowed me to pull up trees, destroy houses and roll up cars, and the place I passed was like an explosion scene.

Of course, I don’t always burst like this. My family is divided into different sections. According to the current international EF grade (Fujita series), my strength is divided into six grades from low to high: EF0 to EF5. EF0 and EF1 are the most common. Although they are only bronze sections, they are enough to break the glass and blow the chimney. The EF1 level can overturn the roof, causing casualties.

When my strength reaches EF2 level and above, it belongs to a strong tornado, and EF2 level may cause trees to be uprooted; EF3 class even trains can be blown down; EF4 level can shovel and level houses; EF5 is the king’s position, and the damage is devastating. The house with frame structure may be thrown out together with the foundation, the reinforced concrete structure building will be seriously damaged, and the car may be blown away.

These are definitely not alarmist, and my black history makes people tremble.

For example, the Tri-State Tornado, which happened on March 18th, 1925, is considered as one of the most violent tornadoes in American history. The tornado started from Missouri and went through Illinois and Indiana, moving 350 kilometers in a straight line, causing nearly 700 deaths and 2,000 injuries. Wherever it went, it was a mess. Although the tornado was not officially rated by the United States, it was recognized as EF5 by most experts.

The EF4 tornado that occurred in Shanghai, China on September 24th, 1956 became one of the most famous tornadoes in China, and even appeared in geography and physics examinations. In the afternoon, a violent tornado hit the eastern edge of Shanghai. The strong wind swept a four-story oil storage tank with 110,000 kilograms to a height of 15 meters and threw it 120 meters away. The tornado also blew down a four-story reinforced concrete building in the suburbs, causing serious casualties.

Ever heard of "tornado hunter"? There is such a group of people in America who are dedicated to chasing my figure. Of course, the so-called hunters can’t hurt me at all. At most, they shoot my majestic posture and record the data when I pass by.

Tim samaras, a famous American tornado hunter, has his own chasing team. When a tornado comes, everyone else is hiding, and only their car runs in the opposite direction. Tim is a professional tornado hunter. The car is loaded with meteorological instruments, collecting data such as wind speed and air pressure, and monitoring my movements in real time with radar charts. But on May 31, 2013, when he was tracking a tornado in Oklahoma, the tornado suddenly turned, and Tim was thrown 800 meters away and died. I really hope that Tim’s unexpected death can alert other fans, to fear nature, and not to be too close to me. You can never predict whether you will catch up with me or I will catch up with you in the next second.

As you may have seen, my figure appears all over the world, and it is not easy to catch me if the so-called dragon sees the tail without the head. Scientists have also explored some of my haunting laws through a lot of data research. I mainly hang out in mid-latitude areas, and I visit North America, Europe, Russian, China, Japanese and Australian every year. Among them, the United States is called the "Tornado Kingdom", which is the country I visit the most, with an average of 1,141 punch cards per year (average from 2000 to 2020).

I have left my trail in most parts of central and eastern China, among which I often go to the middle and lower reaches of the Yangtze River. Among my favorite provinces, Jiangsu ranks first, and the northern part of Jiangsu is in the climate transition zone between subtropical and warm temperate zones, which is easy to accumulate unstable energy. In addition, the local topography is low and flat, and rivers and lakes are intertwined, which is conducive to my development and growth.

Guangdong is also a province where I often punch in, especially in western Guangdong, where I often appear with typhoons. When the typhoon landed in western Guangdong, the vertical wind shear was often stronger and the water vapor transport was sufficient, which provided a favorable atmospheric environment for my birth. The terrain here was flat and suitable for my growth. In addition, the conditions in Hubei and Anhui are also good, and I will go there twice a year or so.

My favorite playing time is spring and summer, especially from April to August, in which July is the most, accounting for about 28% of the whole year, followed by April. During the day, I prefer to hang out in the afternoon to the evening, because after the solar radiation during the day, the atmospheric stratification is unstable during this period, which is the most prone period for strong convective weather, including me.

Because of my destructive power and elusive unruly personality, there have been various rumors about me in the Jianghu for many years. Today, I will give you a bottom. Don’t be too shocked. Some rumors are really true.

One day, there was a sudden thunder and lightning and dark clouds on the calm water, and then a water column like a dragon suddenly jumped out and soared into the sky, as if to suck up the water on the ground. The legendary dragon absorbs water, which is actually my appearance above the water surface, also known as waterspout. When the dragon absorbs water, my upper end is connected with thunderstorm clouds, and my lower end extends to the water surface, forming a shocking scene of water and sky connecting.

As for letting the sky rain Yu Yu and frogs, this skill is too simple for me. When the waterspout happens, the strong suction may involve fish, frogs and other animals in the water, and then it will be carried to other places by strong wind, which can cause the wonders of animal rain in your eyes.

Can tornadoes "travel" people? I must have seen too many fairy tales to ask this question, but I still have to answer you seriously. It is possible. There was a record that someone was involved in me and was later found hundreds of meters or kilometers away. However, this so-called "trip" is very scary. People involved will face huge wind speed and air pressure, and they will experience dizziness, suffocation, hypothermia, trauma and even tearing. It is definitely a miracle to survive.

So I’m here to remind you that if you meet me unexpectedly, you must stay away as soon as possible and hide in the basement or a solid building. Don’t just focus on making friends and miss the escape time. It is still the peak season of my appearance, and there will be reports of my presence from time to time in various places, so we must not take it lightly.

Source | China Weather Network
Editor | Liang Zeming

Xinhua News Agency, Beijing, February 28th Question: In March, these new regulations came into effect.

Xinhua News Agency reporter Bai Yang

In March, a number of new regulations came into effect. 111 drugs were included in the new national medical insurance drug list; The new version focuses on controlling the list of new pollutants to defend the clear water and blue sky; The new regulations on cosmetics supervision strengthen the sampling inspection of children’s cosmetics and other products … more perfect rule of law, more secure protection.

111 drugs were included in the new national medical insurance drug list.

The new version of the national medical insurance drug list will be implemented on March 1.

The new national medical insurance drug list added 111 drugs, including 2 drugs for COVID-19, 7 drugs for rare diseases, 22 drugs for children, etc. Most of them were newly listed within 5 years.

The total number of drugs in the adjusted national medical insurance drug list reached 2967. After Azvudine Tablets and Qingfei Paidu Granules were included in the national medical insurance drug list, there are more than 600 drugs for treating COVID-19’s symptoms such as fever and cough in the national medical insurance drug list.

The new version of the list of key pollutants takes effect.

The 2023 version of the list of new pollutants under key control will be implemented on March 1.

New pollutants refer to toxic and harmful chemicals discharged into the environment, which have the characteristics of biotoxicity, environmental persistence and bioaccumulation, and pose great risks to the ecological environment or human health, but have not been brought into management or the existing management measures are insufficient.

The list defines 14 kinds of key new pollutants to be controlled and their environmental risk control measures such as prohibition, restriction and discharge restriction. Departments of ecological environment, industry and information technology, agriculture and rural areas, commerce, market supervision and management, and customs at all levels should strengthen the control and governance of new pollutants according to the division of responsibilities.

Strengthen the sampling inspection of children’s cosmetics and other products

The Measures for the Administration of Cosmetic Sampling Inspection came into effect on March 1st.

The method is clear. National Medical Products Administration organizes the national cosmetic sampling inspection every year, and is responsible for establishing the national cosmetic sampling laboratory information system and strengthening the information construction of cosmetic sampling inspection.

Cosmetics sampling inspection should focus on children’s cosmetics and special cosmetics, cosmetics using new raw materials, cosmetics with more problems found in supervision, etc.

Fully guarantee the quality and safety of food-related products

The Interim Measures for Quality and Safety Supervision and Management of Food-related Products came into effect on March 1st.

The interim measures clarify the main responsibility of the "first responsible person" of the producers and sellers and the territorial supervision responsibility of the market supervisors, and require producers to be equipped with quality and safety directors and quality safety officers.

In the supervision and inspection of the whole production process, producers are required to establish management systems and control measures such as raw and auxiliary materials management, production key point control, factory inspection control, etc., so as to realize the quality and safety traceability of food-related products.

Establish and improve the modern livestock and poultry breeding system

The newly revised Animal Husbandry Law came into effect on March 1st, which made it clear that the people’s governments at or above the county level should incorporate the development of animal husbandry into the national economic and social development plan, and put forward that the state should establish and improve the modern livestock and poultry breeding system.

The newly revised animal husbandry law has revised and improved the provisions on strengthening the prevention and control of livestock and poultry diseases, doing a good job in the harmless treatment of livestock and poultry manure and ensuring public health and safety. Shall not violate the provisions of laws and regulations, the construction of livestock and poultry farms in prohibited areas.

Improve the language and writing standards of information technology products.

The Provisions on the Administration of the Use of National Common Language and Characters for Information Technology Products shall come into force on March 1st.

According to the regulations, digital and online publications use the national common language and characters, and should conform to the language and characters standards such as Chinese Pinyin, Putonghua pronunciation, standardized Chinese characters, modern Chinese word forms, punctuation marks and digital usage.

If it is necessary to use Chinese dialects, traditional Chinese characters and variant Chinese characters, it shall comply with the relevant provisions of the Law of People’s Republic of China (PRC) on National Common Language and Characters.

Improve the management system of work for relief.

The newly revised "National Management Measures for Work-for-Relief" came into effect on March 1st.

The newly revised method clarifies the implementation scope, beneficiaries, construction fields and relief modes of the work-for-relief policy, emphasizes the policy objectives of paying labor remuneration to the people involved in the project construction and developing skills training, further improves the specific requirements of the work-for-relief investment plan, special fund project management, supervision and inspection, and adds the contents of implementing the work-for-relief policy for key projects invested by the government and promoting the work-for-relief mode in the field of agricultural and rural infrastructure construction.

Encourage the transformation of scientific and technological achievements into national standards.

The newly revised Measures for the Administration of National Standards came into effect on March 1st.

The new method encourages the transformation of scientific and technological achievements into national standards, promotes scientific and technological research and standard development simultaneously around national scientific research projects and active areas of market innovation, and improves the timeliness of the transformation of scientific and technological achievements into national standards. Group standards that are advanced, leading and effective in implementation and need to be promoted and implemented nationwide can be formulated as national standards according to procedures.

Building a team of high-quality professional reserve personnel

The law on reserve personnel shall come into force on March 1.

As a basic and comprehensive law that comprehensively regulates the work of reserve personnel, this law comprehensively regulates the leadership and management system, identity attributes and classification of reserve personnel, as well as reserve ranks, selection and supplement, education and training, promotion and appointment, daily management, recruitment, treatment guarantee, withdrawal from reserve service and legal responsibilities.

　　Wei Minzhou, member of the Standing Committee of Shaanxi Provincial Party Committee and secretary of Xi ‘an Municipal Party Committee, and Du Hangwei, vice governor, went to the scene to direct the disposal and rescue of the wounded.

　　Xi ‘an Net News: At about 12: 40 on April 28, a long-distance bus with the license plate number Shaanxi AG7597 caught fire 200 meters in front of the lawn tunnel in Lantian section of Fuyin Expressway, causing 8 deaths and 5 injuries. After preliminary investigation by the public security organs, it was a criminal case of hijacking and arson. After receiving the report, Wei Minzhou, member of the Standing Committee of the Provincial Party Committee and Secretary of the Municipal Party Committee, Du Hangwei, Vice Governor, and Shangguan Jiqing, Mayor, rushed to the scene immediately to direct the disposal and rescue of the wounded.

　　Wei Minzhou, Du Hangwei and Shangguan Jiqing made arrangements for the treatment and rehabilitation of the wounded after on-site inspection and listening to the relevant situation of the case. First, immediately organize health, public security, fire protection, transportation and other departments to carry out rescue, at all costs, do their best to rescue the wounded and do their best to minimize casualties. Second, the public security department immediately set up a task force to fully investigate the case. The third is to properly do a good job in appeasement and rehabilitation of the families of the casualties, and timely announce the medical treatment and case investigation to the public. The fourth is to strengthen social prevention and control and maintain social security and stability.

　　At present, the case is under investigation, traffic has been restored, and various aftermath work is being carried out in an orderly manner.

　　Liu Chunyan, Deputy Secretary of the Municipal Party Committee, Lv Jian, Ren Junhao and Huang Haiqing, leaders of the city, relevant municipal departments and the principal responsible comrades of Lantian County attended the on-site disposal.

　　How to save yourself when a long-distance bus fires.

　　Before introducing all the survival knowledge, we should focus on the cliche that you should fasten your seat belt at all times as long as you are in the car, because the seat belt is the most effective safety facility whether you are hit at rest or while driving. In addition, it is suggested that everyone should abide by traffic laws and regulations, not speeding or driving illegally, and minimize the chance of accidents. It is best to have no place to display survival skills.

　　At present, there is little information about how to save yourself in a car accident in China, which can be said to be very imperfect, and there is no relevant department to publicize and educate everyone how to deal with it when a car accident occurs.

　　First of all, let’s start with self-help. If a vehicle has an accident, there are usually the following situations: two vehicles collide when driving relatively, and a bicycle rear-ends other vehicles or hits a fixed object, or rolls over and rolls over after being hit by other vehicles. How to save yourself after the car rolled over after the accident, please look down.

　　If you first determine whether you are seriously injured after a collision, and if you are in good health, you must try your best to get out of the car. First of all, you must try to escape by opening the door, but in most cases, the car body is damaged after the collision, and it is difficult to open the door and the car body. If you can’t open it several times, you must choose to break the window.

　　How to escape when the people in the car are not injured, but after the accident, the members in the car will be hurt more or less, and they can’t do their best in the case of physical injury, so I suggest you try to escape by opening the car door first. If any glass is broken by impact, that’s your escape exit. And if all the glass in the car is intact and the door can’t be opened normally, then escape by using tools in the car or breaking the glass.

　　A traffic accident claimed 36 lives. At about 2: 40 am on August 26th of a certain year, a serious traffic accident occurred near Huaziping service area in Ansai County section of Baomao Expressway in Yan ‘an City, Shaanxi Province. A double-decker sleeper bus collided with a large tanker (filled with methanol) and the two cars caught fire. A total of 36 people were killed in the accident, and only three people escaped from the accident.

　　In recent years, long-distance bus accidents have increasingly entered the public’s field of vision, and every tragic accident has knocked on the fragile mind of reality. When we delve into the loopholes in the system and the lack of management, we should strengthen our own fire safety awareness. Strong desire for survival and skillful escape skills can make us more calm in the face of terrible accidents. When you escape, you can also save the lives of others.

　　In the accident, the bus was embedded in the tanker for about 2 meters, and the door on the right front side of the car body could not be opened. In the design of the bus, there was only one front door. The car is closed except for the last two windows. In this accident, the fire developed rapidly, and the methanol leaked from the tanker in the accident will burn quickly when it meets an open flame in the air. It is understood that the fire surrounded the whole car two minutes after the impact, and the bus at this time has become a "human purgatory." The time left for passengers to escape in this accident is only two minutes, and we can’t know what the 36 dead people were thinking in the last two minutes of their lives.

　　The dead are long gone, and the living are often sad. We should know and learn how to escape from a burning accident car.

　　Cctv news(Reporter Gao Shijia): On April 17, the National Bureau of Statistics released the GDP data for the first quarter of this year. In the first quarter, the gross domestic product (GDP) was 20,650.4 billion yuan, which was 6.8% lower than the same period of last year at comparable prices, showing the first negative growth for many years. The sudden COVID-19 epidemic has had a great impact on China’s economic operation. How should we view the growth of -6.8% in the first quarter? What is the future direction of the real economy and capital market?

　　For example, Guan Qingyou, president of the Financial Research Institute and chief economist, believes that the negative growth of 6.8% truly reflects the impact of the epidemic on the domestic economic operation. The bottom of the economy has been confirmed throughout the year, and the worst period has passed. After the data is released, both macro policies and enterprises can go into battle lightly, and the space and rhythm of policy operation will be more clear. Corporate bail-out and people’s livelihood assistance will be the focus of future macro policies. At present, both enterprises and individuals should keep the bottom line thinking, lower expectations and ensure cash flow and basic rate of return. China’s economic resilience is still there. If we remain optimistic, it will be even better next year.

　　This year’s economic bottom has confirmed that the worst is over.

　　CCTV reporter: How do you view the negative economic growth of 6.8% in the first quarter?

　　Guan Qingyou:The growth in the first quarter was -6.8%, which was basically determined to be the bottom of the whole year from the data. The data in March has rebounded from the previous month, and the data in the next second quarter will definitely be better than that in the first quarter.

　　-6.8% is a realistic data. On the one hand, it reflects the actual impact of the epidemic on economic operation, suggesting that we must attach great importance to the sharp economic decline, support enterprises to bail out, stimulate consumption, and release vitality through reform. On the other hand, if the impact of the epidemic is clarified, macro policies and enterprises can go into battle lightly, clarify the space, intensity and rhythm of policy operation, stabilize employment and stabilize the basic market.

　　Of course, it must also be noted that the statistics reflect the basic situation and there is also a "survivor bias". In many fields and industries, the actual impact is more serious, and it is indispensable for enterprises to save themselves. Under the current domestic macro-policy space, it is very urgent to start with factor reform and stimulate a new round of growth vitality.

　　Objectively speaking, China has great room for economic growth and strong resilience. As long as we think correctly and take proper measures, China will surely recover fastest and best among the major economies in the world. In the long run, China’s economic growth potential is still great, which is unique among the major economies in the world.

　　CCTV reporter: What impact will the global epidemic spread have on China’s economy? Has the worst of this year passed?

　　Guan Qingyou:The spread of global epidemic will also have an impact on transportation, shipping and international trade in the future. Epidemic prevention and control requires global cooperation and joint efforts. We should also be mentally prepared to deal with the impact of the epidemic for a long time. It can be said that the current world is in a great change that has never happened in a century. Apart from the economy, we should be aware of the subsequent changes in the world economic order and political order.

　　The biggest impact of this epidemic — — The period of economic shutdown has passed. At present, China has started to focus on epidemic prevention and control, and at the same time, to resume work and production. Although the subsequent chain reaction still exists, it will be expected.

　　Personally, I think the worst of this year has passed. Although a large number of enterprises may be eliminated because of the epidemic, it is cruel, but the crisis is organic, and at the same time, more new formats, new business models and new technologies will be born, and the process of coping with the crisis is also an opportunity to make up for shortcomings and promote reform. It is now easier to reach a consensus on deepening reform, speed up the search for new kinetic energy for economic development, and release new reform dividends.

　　2020 will be an asset year with many structural opportunities.

　　CCTV reporter: What do you think of the capital market this year?

　　Guan Qingyou:The economic data of the first quarter and the quarterly report of listed companies have been released one after another, which is a bad thing for the capital market as a whole.

　　Personally, I am very optimistic about this year’s market. Because the first half of the year is definitely in a bottom area, with the announcement of the first quarterly report of listed companies, the impact of the epidemic on enterprises is gradually clear, and the expectations are clear. From the perspective of the capital market, 2020 will be an asset year.

　　This year’s macro policies are relatively restrained, and there will be no flooding and no unexpected easing. Therefore, the overall index of the stock market will not rise sharply as in 2015, but there will be many structural opportunities. This year, we mainly look at sectors and individual stocks, not the overall index. Many sectors have been greatly affected by the epidemic in the short term. After the shock, prices and valuations are more matched, and assets with higher cost performance have more opportunities to buy.

　　At this time, the anti-risk ability of leading enterprises with relatively stable performance will be highlighted, and the leading effect of "the strong will remain strong" will continue. There are also many consumer sectors that have been significantly affected by the epidemic. The short-term decline in performance is relatively severe, but the cost performance will increase, and there is room for growth in the future, which is an opportunity to buy. Opportunities for technology stocks mainly depend on whether there are independent core technologies, and enterprises with low added value in the industrial chain at both ends will have high anti-risk ability, which requires in-depth analysis and identification by investors.

　　CCTV reporter: How do you assess the impact of this epidemic on the industrial chain of the real economy?

　　Guan Qingyou:The reconstruction of the global industrial chain under the influence of the epidemic is certain, but it is still uncertain how strong it is.

　　I have a deduction conjecture. Looking at the extended cycle, the state of globalization can be divided into three cycles. The first cycle is 1945— In 1991, from the end of World War II to the disintegration of the Soviet Union, this stage was the formation of two camps and two parallel markets in the East and the West. The second cycle is 1991— In 2016, with the expansion of globalization and the gradual formation of a unified global market, China gradually integrated into the world and became the world’s factory. Many countries, including China, benefited from globalization and developed rapidly. The third cycle began in 2016, with Trump being elected as the president of the United States as the node. The degree of anti-globalization has deepened, or semi-globalization and regionalization have become more obvious. The economic ties between countries in the world will not be cut off, but the overall situation is much weaker than before.

　　According to this calculation, from 2016, this state will continue for decades in the future. If the deduction comes true, it will be a very regrettable scene. China must also learn to face the new economic order and rethink the future development strategy.

　　Corporate bail-out and livelihood assistance will be the focus of future policies.

　　CCTV reporter: What are your expectations for future macro policies?

　　Guan Qingyou:This year’s macro policy should focus on corporate bail-outs and people’s livelihood assistance. To bail out enterprises, we should not only have quantitative tools, but also have price tools. If the interest rate is only cut between the central bank and financial institutions, it is likely to form financial idling. Therefore, it is necessary to directly reduce the loan interest rate to solve the problem of financing difficulties and expensive financing for SMEs. On the issue of enterprise bail-out, financial institutions need to make profits to small and medium-sized enterprises, and gradually realize the marketization of interest rates in this process. Only by allowing thousands of small and medium-sized enterprises in Qian Qian to survive as much as possible can we solve the employment problem and stabilize the basic market.

　　With regard to people’s livelihood assistance, the key point is to prevent a humanitarian crisis, and to increase assistance subsidies for the unemployed and needy groups. For example, the issuance of consumer vouchers is very good. Based on our basic national conditions, it is targeted to low-income groups, difficult groups and unemployed groups.

　　CCTV reporter: Which risk is greater, economic inflation or deflation? How should individuals deal with various risks?

　　Guan Qingyou:Now there are two States: inflation from CPI and deflation from PPI. So now the economy is in an atypical stagflation state, and the situation is more complicated. But we might as well jump out of the framework of western textbooks and return to traditional Chinese wisdom — — In the year of great disasters and epidemics, you are frivolous and have a rest.

　　It is necessary for ordinary people to tighten their belts and reduce unnecessary expenses. This is a passive response. Furthermore, try to hold assets that are less affected by inflation or deflation, such as holding money in deflation and holding assets in inflation. As for how long it will last, investors need to strengthen their own learning and have a basic understanding and judgment of the status quo.

　　Investment risks are great, especially in the complicated period. For individuals and families, the most important thing is to stabilize cash flow. Ordinary people should lower their income expectations, such as investing in some sound bank wealth management products. We should have a bottom line thinking, constantly improve our cognitive ability and professional level, and have our own core competitiveness. There is no point in being pessimistic now. Next year will definitely be better.

　　Xinhua News Agency, Zhengzhou, August 14th: Writing a picture of green development by running rivers — — Enlightenment from the continuous flow of the Yellow River for 20 years

　　Xinhua News Agency reporters Song Xiaodong and Liu Shiping

　　On June 26th, 2018, the Yellow River was photographed on the pontoon bridge between Wuba Town, Taiqian County, Henan Province and yinshan town, Dongping County, Shandong Province (photographed by panorama camera). Xinhua News Agency reporter Feng Dapeng photo

　　The surging river meanders like a golden ribbon eastward into the sea. In people’s impression, "how the Yellow River’s waters move out of heaven" ran all the way into the sea, but in fact, in the past 30 years after the 1970s, the Yellow River was cut off for many years. Since 1999, the state has implemented unified management and dispatching of the Yellow River, and the Yellow River has been continuously flowing for 20 years. This mother river of the Chinese nation is feeding the people with a brand-new life form, and it also provides a model for the management and protection of rivers in the world and the harmonious coexistence between man and nature.

　　Mother River cut off the river and shouted "thirst" up and down.

　　For thousands of years, the Yellow River has nurtured Chinese sons and daughters like a mother, and has an important strategic position in China’s economic and social development. However, since the 1970s, the Yellow River has been frequently cut off, which not only directly affected the industrial and agricultural production and life in urban and rural areas along the Yellow River, but also further aggravated the river shrinkage, reduced the self-purification capacity of the river and unbalanced the ecosystem, posing a severe test for economic and social development and ecological environment protection.

　　This is a wild goose flying over the Yellow River wetland in Changyuan County, Henan Province on December 25, 2018. Xinhua News Agency reporter Feng Dapeng photo

　　Yuan Dongliang, deputy director of the Hydrology Bureau of the Yellow River Conservancy Commission, said that from 1972 to 1999, the Yellow River was cut off for 22 years, with an average of three times in four years. In 1997, the most serious cut-off occurred so far. The cut-off river extended from the estuary to Kaifeng, Henan Province, with a length of 704 kilometers, accounting for 90% of the total length of the lower reaches of the Yellow River. The cut-off of the Yellow River also caused a series of problems such as river shrinkage, reduction of aquatic life and wetland.

　　Why is the Yellow River, which has been flowing for thousands of years, cut off? For this reason, the Yellow River Water Conservancy Commission set up the project group of "Cause Analysis and Countermeasure Research on the Yellow River Cut-off", and concluded through argumentation and analysis that natural water resources are poor, human water consumption is increasing day by day and scientific management is lacking.

　　This is the winding Yellow River channel (photographed by drone) taken near Zhangzhuang Village, Dongbatou Township, Lankao, Henan Province on June 20, 2018. Xinhua News Agency reporter Feng Dapeng photo

　　Zhou Kangjun, a senior engineer of the Water Resources Management and Dispatching Bureau of the Yellow River Conservancy Commission, said that the Yellow River is located in the arid and semi-arid area of Eurasia, with scarce precipitation and poor water resources. However, with 2% of the country’s water resources, it has undertaken the water supply tasks of 12% of the population, 15% of cultivated land and dozens of large and medium-sized cities. Coupled with the climate impact, the rainfall has decreased, and the agricultural irrigation area and water consumption in the Yellow River basin and downstream irrigation areas have increased rapidly, making the water of the Yellow River poor.

　　Unified regulation of water resources continues to write about the running of rivers

　　Due to the lack of a unified water resources dispatching and management system in the Yellow River in those years, once it encounters a dry year, various places along the river compete for water diversion through water diversion projects, resulting in increasingly serious downstream water cut-off. In 1998, 163 academicians from China Academy of Sciences and China Academy of Engineering jointly issued an appeal to "take action to save the Yellow River".

　　In order to solve the crisis of Yellow River cut-off, with the approval of the State Council, in December, 1998, the Ministry of Water Resources and other departments jointly promulgated and implemented the Measures for the Management of Yellow River Water Dispatching, authorizing the Yellow River Water Conservancy Commission to implement unified water dispatching of the Yellow River, which was the first in seven river basins in China. On March 1, 1999, the Yellow River Conservancy Commission issued the first dispatching instruction, and 10 days later, the lower reaches of the Yellow River resumed flow as planned.

　　In the past 20 years, the chief executive responsibility system has been implemented in the water dispatching of the Yellow River, and the "Measures for the Management of Water Dispatching of the Yellow River" and other laws and regulations have been strictly implemented, and the water resources management system has become increasingly complete; Jointly dispatch the backbone reservoirs of the main branches and tributaries to fully adjust the temporal and spatial distribution of water resources; Improve the Yellow River water resources management system; Explore ways to optimize the allocation of water resources in the Yellow River by market means, and create a precedent for the transfer and transaction of water rights in China.

　　Ke Sujuan, director of the Water Mediation Department of the Yellow River Water Conservancy Commission, said that since the unified dispatching of the Yellow River, there have been eight years of extremely dry water, and the water inflow is lower than that in 1997 and 1995, when the interruption was serious. However, through strengthening the dispatching management, there was no interruption.

　　Through 20 years’ water dispatching, a dispatching management model of "unified water distribution by the state, water distribution by provinces (regions), dual control of total water consumption and cross-section flow, and unified dispatching of important water intakes and key reservoirs" has been formed on the Yellow River. The water dispatching scope of the Yellow River has been extended from some sections of the main stream to the whole main stream and important tributaries, from non-flood season to flood season, and the dispatching goal has also changed from ensuring the continuous flow of the Yellow River to actively striving for the functional continuous flow of the Yellow River, paying more attention to the protection of ecological water use, and the dispatching means have been constantly improved.

　　The river flows smoothly and the water is clear, outlining a new picture of green development

　　Vehicles travel on the pontoon bridge between Wuba Town, Taiqian County, Henan Province, and yinshan town, Dongping County, Shandong Province on both sides of the Yellow River (photographed by drone on June 26, 2018). Xinhua News Agency reporter Feng Dapeng photo

　　The Yellow River has not been cut off for 20 years, which not only provides water resources for urban and rural development along the line, but also becomes an ecological corridor, radiating 750,000 square kilometers of green water and green mountains. The water resources of the Yellow River have become an important guarantee for the "granary of China" and an important support for national energy security. It is also a ballast stone for the economic and social development of the basin and a star for the improvement of the ecological environment.

　　Ke Sujuan said that Inner Mongolia, Henan, Shandong, Hebei and other provinces (regions) in the Yellow River basin and water supply areas are the main grain producing areas in China, while Ningxia, Inner Mongolia, Shanxi, Shaanxi and other places are important energy bases in China. Since the unified dispatching, the rational distribution, scientific dispatching and dynamic management of the Yellow River water resources have met the water demand of the provinces (regions) to the maximum extent.

　　According to statistics, up to now, the cumulative water supply of the main stream has exceeded 600 billion cubic meters. In the case of the "congenital shortage" of water resources in the Yellow River, it has also diverted water from the Yellow River to Tianjin for 7 times, Hebei for 16 times and Qinghai for 20 times, with a total inter-basin water transfer of 21 billion cubic meters, which has provided water source guarantee for human drinking safety, grain harvest and energy security in the river basin and water supply area, nourished the arid and water-deficient northwest China and watered thousands of miles of fields.

　　This is the spectacular scene of the Yellow River wetland with thousands of birds flying in Changyuan County, Henan Province on December 25, 2018 (taken by drone). Xinhua News Agency reporter Feng Dapeng photo

　　Wang Huaru, a senior engineer of the Yellow River Water Resources Protection Research Institute, said that the unified regulation of water quantity kept a certain flow in the lower reaches of the Yellow River in non-flood season, leaving "ecological water quantity" for the river itself and repairing the downstream river ecosystem. The open water area of wetlands in the Yellow River Delta Nature Reserve has increased from 15% to 60% now, and the number of birds in the nature reserve has increased to 368. Long-lost migratory fish have reappeared, and the estuary delta ecosystem has reappeared with the vitality of green fields and gulls.

　　In the past 20 years, from frequent water cut-off to smooth flow of rivers, accurate water resources dispatching and management have made the Yellow River cut-off a thing of the past, which fully embodies the ability of China government to manage rivers and provide reference for other rivers in the world to solve water resources problems.

　　This is the intersection of the Yellow River and the Yiluo River, which was shot in gongyi city, Henan Province on June 8th (taken by unmanned aerial vehicle). Xinhua News Agency reporter Li Jianan photo

This is the Gongyi section of the Yellow River (taken by drone) on June 8. Xinhua News Agency reporter Li Jianan photo

　　This is the winding Yellow River channel (photographed by drone) taken near Zhangzhuang Village, Dongbatou Township, Lankao, Henan Province on June 19, 2018. Xinhua News Agency reporter Feng Dapeng photo

This is the corner of Xiaolangdi Reservoir (taken by drone) on July 25th. Xinhua News Agency reporter Li Jianan photo

This is the corner of Xiaolangdi Reservoir (taken by drone) on July 25th. Xinhua News Agency reporter Li Jianan photo

This is the corner of Xiaolangdi Reservoir (taken by drone) on July 25th. Xinhua News Agency reporter Li Jianan photo

Since the winter of last year, affected by many factors, such as abnormal climate, the global animal avian influenza epidemic has been on the rise, affecting nearly 40 countries and regions in Asia, Europe and the Middle East. Our reporter learned from the National Health and Family Planning Commission that the number of cases of H7N9 epidemic (human avian influenza) in China has increased, and most of them are distributed in the Yangtze River Delta and Pearl River Delta regions. Contact with infected poultry or exposure to the live poultry market is an important risk factor for human infection. There is evidence that the virus can’t spread widely among people. From February 6 to 12, 2017, 69 cases of H7N9 were reported nationwide, with 8 deaths. At present, the number of new cases is on the decline. Experts predict that there will still be sporadic case reports in mainland China in the near future. Regarding H7N9, the National Health and Family Planning Commission summarized the following knowledge points:

1. What is the H7N9 epidemic?

The H7N9 epidemic is caused by H7N9 virus. Since the first case of human infection with H7N9 was discovered in East China in 2013, seasonal epidemics have occurred in winter and spring every year.

2. What are the main clinical manifestations of 2.H7N9 cases?

The incubation period is usually less than 7 days, or as long as 10 days. Pneumonia is the main clinical manifestation. Patients often have fever, cough and expectoration, which may be accompanied by symptoms such as headache, muscle aches, diarrhea or vomiting. Severe patients’ condition develops rapidly, and severe pneumonia occurs in 3~7 days after onset. Most of them have a temperature above 39℃, and they have difficulty breathing, which may be accompanied by hemoptysis and phlegm. It often progresses rapidly to acute respiratory distress syndrome, septic shock and multiple organ dysfunction syndrome. A small number of patients can be mild, only showing symptoms of fever with upper respiratory tract infection. The early onset of H7N9 cases has no specific manifestations, and it is difficult to diagnose and treat early. The treatment effect of severe cases in the later stage is poor and the mortality rate is high. At present, the overall mortality rate of reported cases is about 40%.

3. How does the 3.H7N9 virus spread?

The most important risk factor for human infection with H7N9 virus is direct or indirect exposure to the environment polluted by infected live birds or infected birds. There is no evidence that H7N9 virus can be transmitted to humans through properly handled poultry or eggs. In addition, eating cooked food will not infect H7N9 virus. There is no evidence that H7N9 virus can continue to be "human-to-human".

4. Who are the high-risk people infected with H7N9 virus?

Mainly retirees, housework and unemployed people, rural people; Mostly middle-aged and elderly people; Most cases have basic diseases; The vast majority of cases had contact with live poultry before onset or had been to markets where live poultry were sold. People engaged in non-scale and non-standardized poultry breeding, selling and slaughtering have more opportunities to be exposed to infected poultry, and the risk of infection is higher.

5. Is there a vaccine to prevent the disease? Can seasonal influenza vaccine prevent H7N9?

There is currently no vaccine available to prevent H7N9 virus infection. Seasonal influenza vaccine does not prevent H7N9 influenza.

6. How can we reduce the occurrence of severe cases and deaths of H7N9?

The use of antiviral drugs, such as oseltamivir phosphate (Tamiflu), has the best effect as soon as possible after onset. The clinic of comprehensive patients by medical staff

Bed manifestations and suspicious exposure history, suspected of being infected with H7N9 virus, antiviral drugs should be used as soon as possible, without waiting for the results of pathogen detection, so as to reduce the possibility of patients progressing to severe disease.

7. Will the epidemic get worse?

According to the epidemic law in the past, the number of cases will decrease obviously after the Spring Festival every year, and it will be at a low level until the end of April. At present, the upward trend of the epidemic has been contained.

8. Can poultry be eaten at present?

Birds such as chickens and ducks can be bought and eaten, but they must be eaten safely. First, we should pay attention to avoid direct purchase of live birds, direct contact with live birds and self-slaughter of live birds; Second, don’t buy live birds from mobile vendors; The third is to remind the elderly, especially those with basic diseases and poor physical fitness, to avoid or reduce contact with live birds as much as possible.

9. What preventive suggestions do experts have?

Try to avoid contact with live birds, let alone dead birds, and do personal protection. You can choose to buy chilled and chilled poultry products. Pay attention to separate raw and cooked food when cooking, and cook it thoroughly. If you have symptoms such as fever, headache, stuffy nose, cough and general malaise, you should wear a mask, see a doctor as soon as possible, and take the initiative to tell the doctor whether you have been in contact with poultry. Maintain a healthy lifestyle. ▲

Ada’s high fork is cheating
　

　　Ada, a popular anchor known as "the sexiest female anchor", has become the favorite of many fashion magazines because of her graceful figure and unique personality. A few days ago, Ada shot a set of photos of western customs for a fashion magazine. Ada, riding on a saddle with a whip in his hand, changed his usual pure and lovely image, with a cold expression and rich body language, and perfectly interpreted a sexy and undercurrent visual blockbuster.

　　Ada, who is dignified, humorous or cute in front of the stage, once under the camera lens and spotlight, will have a perfect turn of surprise performance. Recently, Ada shot the latest blockbusters for Esquire and GQ Wisdom respectively, showing the sexy temptation of attractive women, which is exciting.

　　Qi Liu Hai, baby face and a pair of flashing electric eyes, this is Ada. She is not only a sweet and lovely LOLI girl, but also a sexy girl with a proud figure and bold position. She is an enchanting and charming alternative "Sun Shangxiang" coming out of the Chinese style, and she is also a master dancer who has gone through five customs and killed six generals. On the stage, she is young, fashionable and dazzling. In private, she dresses casually and likes to shop and eat roadside stalls. Sometimes whimsical and seemingly heartless crazy girl, in fact, she is strong-willed and hard-working, and is the pillar of the whole family. Ada, known as the anchor of China’s new generation of popular beauties, is such an elusive post-80s wizard.

More wonderful photos on the next page