CCTV News:According to WeChat official account, the National Bureau of Disease Control and Prevention, in June 2023 (from 0: 00 on June 1 to 24: 00 on June 30), 906,707 cases of legal infectious diseases and 2,337 deaths were reported nationwide (excluding Hongkong, Macao Special Administrative Region and Taiwan Province, the same below).

　　Three cases of Class A infectious diseases were reported, all of which were cholera, and no deaths were reported.

　　Among Class B infectious diseases, there are no cases of SARS, polio, human infection with highly pathogenic avian influenza and human infection with H7N9 avian influenza. Except for novel coronavirus infection, the other 22 Class B infectious diseases reported a total of 283,652 cases and 2,336 deaths. The top five reported diseases are viral hepatitis, tuberculosis, syphilis, gonorrhea and brucellosis, accounting for 94.4% of the total reported cases of Class B infectious diseases.

　　In the same period, a total of 623,052 cases of Class C infectious diseases were reported, and one person died. The top three reported diseases are hand, foot and mouth disease, other infectious diarrhea and influenza, accounting for 97.4% of the total reported cases of Class C infectious diseases.

　　CCTV News:Have you ever heard of it as a frequent shopper?"consumption rebate"?

　　Recently, some third-party platforms are under the banner of "entrepreneurship" and "innovation", with the gimmicks of "shopping back to the original", "consumption equals making money" and "you spend and I pay back the money".Promise to return high or even full consumption and franchise fees.And so on, in order to attract consumers and businesses to invest.

　　Recently, the Insurance Regulatory Commission of the Bank of China, the Ministry of Industry and Information Technology, the Ministry of Public Security, the Ministry of Commerce, the People’s Bank of China and the State Administration of Markets jointly reminded the public to be alert to this kind of "consumer rebate" that is different from the normal business rebate promotion activities! So what are the "routines" here?

　　"Routine 1": High rebate is difficult to achieve.

　　Rebate funds mainly come from commodity premium income and fees paid by members and franchisees. Most platforms do not have legitimate real economy and income matching their promised returns, so it is difficult to maintain capital operation and high rebate for a long time.

　　Some platforms absorb public and business funds through online and offline channels, such as "prepaid consumption" and "recharge", and a large amount of funds are controlled by the platform, which has the risk of transferring funds and running away.

　　Some platforms fictionalize profit prospects, promise high returns, instruct or acquiesce members and franchisees to fictionalize commodity transactions, pay a certain percentage of fees directly to the platform, and seek high rebates. In this way, the platform achieves the goal of quickly absorbing public funds. Some platforms also use pyramid schemes, with the so-called "dynamic income" as bait, requiring participants to pay entry fees and "attract people to join" and get commissions by developing offline. The above-mentioned behaviors of the platform and participants are characterized by illegal fund-raising and pyramid schemes.

　　Therefore, once again remind everyone that the operation mode of such platforms violates the law of value. Once the capital chain breaks, participants will face serious losses. According to the relevant regulations, participation in illegal fund-raising is not protected by law, and you are at your own risk and responsibility; It is illegal to participate in pyramid schemes and will bear corresponding responsibilities according to law. The general public and businesses are requested to be vigilant, enhance risk prevention awareness and identification ability, and prevent damage to interests. At the same time, the clues of illegal crimes can be actively reflected to the relevant departments. (CCTV reporter Liu Ying Ge Xiaowei picture from business micro news)

Fast silver and Fung Wong-Nui.

　 　 1905 movie network news　"What are you going to do during the Dragon Boat Festival? Go out to play? The weather is hot and there are many scenic spots. I have a good suggestion. It is better to invite friends and family to the cinema! "

　 　 This suggestion was given to you by "cute" fast silver evan peters and Fung Wong-Nui "three idiots" sophie turner. In the special video of Dragon Boat Festival released by the film today, Kuaiyin and Fung Wong-Nui are still very funny. They take China’s zongzi and wish everyone a happy Dragon Boat Festival. Kuaiyin also asks, "Is this edible? I want to bring one for my dad Wan Ciwang! " Fung Wong-Nui also quickly said, "Then I’ll bring one for Professor X."

　 　 X-Men: Apocalypse, a Hollywood superhero blockbuster, has been released all over the country. This movie is the final chapter of the prequel trilogy, and it is well received all over the world.

　

Sophie turner plays Fung Wong-Nui in the X-Men.

Fast silver looks up

　 　The story of X-Men: Apocalypse took place in the 1980s, that is, the last decade. In 1983, Apocalypse, the first mutant in history, woke up in Egypt. He wanted to rule and change the world, so there was the mutant war.

　 　 Many fans said that this is probably the X-Men movie that is most loyal to comics. The background of these mutants, such as Storm, Nightcrawler, Angel, Psylocke, Laser Eye, etc., is very clear. It doesn’t look like an ending with pure fighting, but like the beginning of a movie series, and it seems that there is a bigger story being built. In the film, Fung Wong-Nui first meets the laser eye and Wolverine, and Wan Ciwang is still an important role, explaining what happened to Wan Ciwang 10 years after X-Men: Days of Future Past, and why he became one of the four knights who helped the apocalypse. What story will happen between him and his son, Kuaiyin, and "old friend" Professor X becomes more suspenseful.

Fung Wong-Nui, Laser Eye and Nightcrawler

Quick silver saves the magic girl

　

　 　 　 　Many viewers said that they cried, not only because the film was wonderful, but also because this series was accompanied by their own experiences. The friendship between Professor X and Wan Ciwang in the film was particularly strong. Even if they were not together and had different positions, they still understood each other’s perspectives.

　 　 　　The theme of the X-Men series is how to face discrimination and oppression. Professor X, Wan Ciwang, Magic Woman and the Apocalypse of this episode are all looking for their own beliefs and fighting for them. Therefore, every character in this series of movies has supporters.

　 　 　 　Dragon Boat Festival is one of the most important traditional festivals in China. Let’s go to the cinema to watch X-Men: Apocalypse, which is being shown, and have a pleasant holiday.

Recently, on foreign social media, many Americans have complained about the rising cost of living.

An American posted a meal bill on foreign social media, complaining about the current high prices in the United States, such as a sandwich, which costs more than 100 yuan; At the same time, many American bloggers on foreign social media constantly spit out the current living environment, causing hundreds of thousands of comments to resonate.

How much pressure does the American people have on their lives?

The sojourner in the United States said this.

Guo Guojun interviewed several overseas Chinese studying and living in the United States. They said that although the price in the United States has been at a high level in recent years, the situation of "sky-high" sandwiches is not common. Recently, the overall price has risen partially, but most of them are still within the acceptable range.

Mr. Kong, who has lived in Washington for ten years, told Guo Guojun that in and around Washington, DC, the prices of daily necessities and food in large and medium-sized supermarket chains frequented by local Americans, such as Walmart, Target and Whole Foods, increased slightly, and some even lowered the prices of commonly used foods to stimulate consumption. In contrast, the Asian food monopoly supermarkets frequented by Asians and Chinese, such as 99 Dahua and Greater China, have seen a marked increase in food and fresh food prices. This has led to a sharp increase in the prices of Chinese restaurants and take-away vegetables, ranging from 10% to 30%.

Goods sold in American supermarkets. Photo courtesy of Mr. Kong

Wang Jiarui, who has been studying at the University of Wisconsin-Madison for three years, told Guojun that in Wisconsin, prices are like "boiled frogs in warm water" and "our sensitivity to prices is decreasing due to high prices for many years".

In an interview with Guo Guojun, Ms. Yang, who works for Costco Retail in the United States, bluntly said that in Los Angeles and California, prices have obviously increased recently, especially for a box of eggs, which has increased by about $2. At the same time, she said that there is also a certain gap in the prices of different States in the United States. It may be that there is a certain imbalance between the supply and demand of local related foods, which led to the emergence of "high-priced sandwiches".

Eggs sold in American supermarkets. Photo courtesy of Miss Yang

At the same time, pay cuts, layoffs and rising housing insurance have become increasingly serious, which has also affected the lives of the American people.

According to the report of the Federal Reserve, in the past year, the cost of renting a house in the United States was higher than that in the previous year: 19% of tenants said that they had defaulted on their rent in the previous year, up from 17% in 2022. According to the survey, the current rent cost in the United States is much higher than the overall inflation rate, and the median monthly rent has risen by 10% to $1,100.

Mr. Kong said that in the past 1-2 years, inflation has led to a significant increase in house prices and rents. House prices in some school districts and convenient transportation areas have risen by more than 15%. In addition, daily living expenses such as water, electricity, coal and gasoline prices have also increased slightly, especially the average increase of residents’ electricity bills has exceeded 8%.

On foreign social media, many low-and middle-income Americans express their dissatisfaction with the current living environment. One user wrote: "I’m exhausted, but we shouldn’t go bankrupt because of basic expenses." Another user said: "The rent has increased by 500 dollars since the beginning of this year. In order to continue living in the house, I have to work two jobs at the same time."

Inflation in the United States has slowed down but remains stubborn

Recently, inflation in the United States has dropped slightly, and it has slowed down for two consecutive months in May.

According to data released by the Bureau of Labor Statistics, the consumer price index (CPI) in the United States in May increased by 3.3% year-on-year, slightly lower than the previous value and expected value of 3.4%; In May, the CPI increased by 0% month-on-month, which was also significantly slower than the previous value, the lowest level since July 2022.

Although the price pressure in the United States has weakened, different Americans have different views on price perception, mainly because of their different lifestyles, income levels and consumption habits. Some people in the United States still continue to feel the tremendous pressure brought by stubborn inflation.

For example, most Americans say that their financial situation has hardly changed in the past year, and some Americans say that life has become more difficult. According to a poll, nearly half of the people in the United States believe that the recent inflation has made their lives even more difficult. The US media believes that the inflation rate may continue to be higher than the wage increase in the next few years.

The American media reported recently that there is more and more evidence that American consumers are reducing their consumption when facing severe economic obstacles. Low-income Americans are already struggling, and the pain has now spread to middle-income consumers.

This pressure may last for a long time. The American media reported that an analysis of Moneywise financial website based on the data of the US Bureau of Labor Statistics, the Federal Housing Administration and the online real estate service website Redfin pointed out that in the next few years, the inflation rate will continue to exceed the increase of wages in most industries. In the past five years, 97% of the professional wages have failed to keep up with inflation, and waiters are the only industry that has achieved real wage growth.

Inflationary pressure is a long-term problem

On June 12, local time, the Federal Reserve’s meeting on interest rates released the latest statement. The US economic activity continued to expand steadily, employment growth remained strong, and the inflation rate eased in the past year, but it was still at a high level.

Zhang Monan, a researcher at China International Economic Exchange Center.He said that strong domestic demand in the United States has led to an increase in inflation expectations. Despite the recent decline in inflation growth for two consecutive months, the price increases in food, housing, transportation, medical care and other fields are structural and may exist for a long time, which has squeezed the spending power of American consumers.

Zhang Monan said that from the current point of view, the Fed remains in a relatively neutral position. Therefore, on the one hand, promoting interest rate cuts will take inflation into account, on the other hand, it will help the Biden administration to continue to expand its fiscal revenue and expenditure, thus reducing the financing cost of long-term US government bonds.

According to the May retail sales data recently released by the US Department of Commerce, the US retail sales in May increased by 0.1% month-on-month, which was lower than the market expectation of 0.3%, and the previous value was revised down from 0% to -0.2%.

Professor Li Haidong, Institute of International Relations, Foreign Affairs University.China News Service is a through train, which means that inflation in the United States is a long-term phenomenon and cannot be solved in the short term. This kind of inflation is closely related to the existing economic structural problems in the United States. At present, prices in the United States continue to rise, mainly because of the high tariffs in the US foreign trade and economic policy, which leads to the high tariffs being borne by American consumers themselves.

"Blindly imposing tariffs can only lead to inflation; Without tariffs, people will be dissatisfied with the authorities. Therefore, the existing political level in the United States cannot find a satisfactory answer. Inflation will be a long-term problem, and the loose conditions in a short time are not mature. " Li Haidong said.

The Associated Press said that Iran’s sanctions list includes American real estate companies and arms companies, prohibiting them from doing business with Iranian companies and prohibiting their executives from visiting Iran. The commentary said that Iran’s sanctions are more symbolic, because at present, it seems that these enterprises have no business in Iran.

On the 24th, the State Council announced that it would impose sanctions on 30 companies and individuals from China, North Korea, United Arab Emirates and other countries, accusing them of participating in the proliferation of nuclear materials in Iran, North Korea and Syria.

[knowledge extension]

How is the Iranian economy?

Iran is one of the major economies in Asia. Iran’s economic strength ranks seventh in Asia (after China, Japan, India, South Korea, Indonesia and Saudi Arabia). According to the preliminary data of the Economic Accounts Bureau of the Bank of Iran in 2011, the nominal GDP of Iran was 4,304,264 billion Iranian riyals in 1389 (March 21, 2010-March 20, 2011), with a year-on-year increase of 20.8%. According to the comparable basic price in 1376, the real GDP was 539,219 billion Iranian rials, up 5.8% year-on-year. The GDP deflator was 798.24, a year-on-year change of 14.3%.

In 2011, the nominal basic price GDP of Iran was equivalent to US$ 416.313 billion, the nominal market price GDP was equivalent to US$ 419.101 billion, and the per capita nominal market price GDP was about US$ 5,610. The economy is dominated by oil exploration, and Iran’s petrochemical, steel and automobile manufacturing industries are also relatively developed. The electronics industry, nuclear industry and computer software and hardware industries are developing rapidly. Iran’s machinery manufacturing industry has made great progress. Khuzestan is a petroleum industrial zone and an important gateway to the sea.

Iran is rich in oil and is the fourth largest oil producer in the world and the second largest oil exporter of OPEC. Oil is the lifeblood of Iraq’s economy and one of the main sources of foreign exchange income, which accounts for more than half of Iraq’s total foreign exchange income. Iraq’s economy maintained steady growth. In 2010, Iraq’s GDP was US$ 411.4 billion, a year-on-year increase of 2.9%, and its per capita GDP was US$ 5,478.

Iranian foreign policy

Iran pursues an independent and non-aligned foreign policy, opposes hegemonism, power politics and a unipolar world, and is willing to develop relations with all countries except Israel on the basis of mutual respect, equality and mutual benefit. Advocate dialogue among different civilizations and establish a just and rational new international political and economic order. It holds that the sovereignty and territorial integrity of a country should be respected, and each country has the right to choose the path of social development according to its own historical, cultural and religious traditions, and opposes western countries interfering in other countries’ internal affairs or imposing their own values on other countries under the pretext of democracy, freedom, human rights and disarmament. He believes that Israel is the main source of tension in the Middle East, supports the just struggle of the Palestinian people for the liberation of the occupied territories, and opposes the Arab-Israeli peace talks, but says that he will not take actions that interfere with or hinder the Middle East peace process. It advocates that peace and security in the Persian Gulf region should be achieved by the coastal countries through understanding and cooperation, and opposes foreign interference and foreign troops, expressing its willingness to become a stabilizing factor in the Persian Gulf region.

Extended reading:

The United States again sanctioned six China companies and three China citizens for the Iranian missile issue.

Zhongqing Online, Washington, March 25th (China Youth Daily, Ping Liu, correspondent of Zhongqing Online in the United States) On the afternoon of March 24th, local time, the State Council of the United States issued a statement, saying that it had decided to impose sanctions on 11 units and individuals who sold equipment and technologies related to weapons of mass destruction to Iran, North Korea and Syria in violation of the ban, including six China companies and three China citizens. This is the second round of US sanctions against China companies and individuals since Trump took office.

According to the statement, on March 21, the United States imposed sanctions on 30 companies and individuals in 10 countries according to the Iran, North Korea and Syria Non-Proliferation Law. He also said that these sanctions are not aimed at these countries or their governments, but reflect the enduring commitment of the US government to non-proliferation and promoting global stability and security.

The six China companies sanctioned by the United States are: Beijing Hua Zheng Electric Co., Ltd. and Dalian Zhenghua Maoyi Youxian Gongsi. Ningbo New Century Import and Export Company Limited, Shenzhen Yatai Da High-Tech Company Ltd, China Science and Technology Carbon Graphite Manufacturing Corporation (Dalian) (SINOTECH (Dalian) Carbon and Graphic Corporation SCGC) and Skyrise Technology Corporation Limited. The three China citizens are Jack Qin (Qin Xianhua), Jack Wang (Wang Wei) and Karl Lee (Karl Lee). The other two sanctioned companies belong to North Korea and United Arab League.

The statement said that the United States has "conclusive evidence" that these companies and individuals provide or obtain from Iran, North Korea or Syria other materials, services, technologies and other components that may help develop weapons of mass destruction and missile proliferation.

The statement also stated that the sanctions came into effect on March 21, 2017 and were valid for two years. The contents include: American government agencies must not have any relationship with the above-mentioned units and individuals; Shall not provide any projects and sign contracts to these units and individuals; Shall not sell any arms to these units and individuals; No new business licenses and licenses will be issued to these units and individuals, and the licenses already issued will be revoked.

At the beginning of last month, the Trump administration made an attack on Iran’s missile development for the first time. On February 3rd, the US Treasury Department announced the first wave of sanctions against Iran after taking office, including two China companies including Ningbo New Century Import and Export Co., Ltd. and three China citizens. At that time, the heads of the two China companies both said that they only exported normal goods, and the Ministry of Foreign Affairs of China also made representations to the United States. Lu Kang, a spokeswoman for the Ministry of Foreign Affairs, said that she has taken note of the statements made by the companies concerned. China has always opposed any unilateral sanctions, especially if it harms the interests of third parties, it will not help to enhance mutual trust between the parties concerned, nor will it help the parties concerned to jointly solve some international problems.

related news

American ships claimed to be harassed and were approached by four Iranian ships at high speed, firing several warning bombs.

Continue reading »

　　【书记校长专访】??

　　党的十九大报告提出，坚持中西医并重，传承发展中医药事业。十九大胜利闭幕后，医学界掀起学习贯彻落实十九大精神的高潮，为老百姓提供优质医疗服务，助力健康中国。

　　为建设健康中国作出贡献

　　——访成都中医药大学党委书记刘毅

　　光明日报记者 李晓东

　　“成都中医药大学把学习贯彻党的十九大精神作为当前最重要的政治任务。”成都中医药大学党委书记刘毅日前在接受记者采访时说，对于党的十九大，全校师生热切期盼，十分关注。该校药学院中药药理系主任曾南教授当选党的十九大代表，全校师生既感到振奋，又很受鼓舞，感觉十九大离自己更近了。

河北省邯郸市第三医院医护人员为社区居民免费测血糖和血压。新华社发

　　刘毅介绍说，十九大开幕当天，成都中医药大学就组织处级以上干部和学生代表集中收看开幕大会转播，当天下午组织讨论，各学院下属单位分党委、总支也组织了学习。十九大闭幕后，曾南代表返回工作岗位的第二天，成都中医药大学就召开了十九大精神的传达大会，曾南代表结合自己的亲身经历、参会感受给大家做辅导报告。同时，学校还通过党委扩大会等会议，对全校学习贯彻十九大精神进行了全面部署，并将学习贯彻十九大精神作为今后“两学一做”的重要内容长期坚持。

　　日前，成都中医药大学率先在我国西南地区高校中建立了“最高领袖新时代中国特色社会主义思想研究中心”。刘毅告诉记者，该研究中心将把学校的人才资源聚集起来，进行理论研究和科学阐释，做好十九大精神的宣传，让最高领袖新时代中国特色社会主义思想进课堂、进教材，进头脑。

　　十九大报告提出，青年兴则国家兴，青年强则国家强。刘毅告诉记者：“我们将把十九大精神传递到每一位青年学生心中，增强他们对党、对社会主义制度、对国家前途命运的信心，同时也增强对自己未来的信心。”

　　浙江省长兴县白岘中心小学举办“秋季养生之药食同源”中草药主题教育活动，活动包括中草药辨识、采摘、加工等内容。图为学生在老师的带领下采摘枸杞。新华社发

　　"The report of the 19th National Congress proposed to speed up the construction of first-class universities and first-class disciplines, which is directly related to us and points out the direction for the development of the school." Liu Yi said that Chengdu University of Traditional Chinese Medicine, as one of the earliest four Chinese medicine colleges and universities established in China, has formed remarkable professional characteristics and advantages in the course of 60 years of running a school and serving the regional economic and social development of the country. This year, Chengdu University of Traditional Chinese Medicine was selected as a world-class discipline construction institution of higher learning, and the school will take this as a new starting point and then set out.

　　"We will benchmark first-class and lead the development of the school with first-class discipline construction." Liu Yi told reporters that in recent years, the training and introduction mechanism of high-end talents in the school has been gradually improved, and the structure of teachers has been more optimized; The advantages of basic research have been further highlighted, and the ability of scientific and technological innovation has been significantly enhanced, resulting in a number of landmark achievements; The discipline structure and layout have been further optimized, the talent training mode has been innovated, the teaching reform has been deepened, the quality of talent training has been significantly improved, and the characteristics have become more distinctive.

　　Liu Yi said that Chengdu University of Traditional Chinese Medicine will focus on inheriting and developing Chinese medicine and serving human health, take moral education as its fundamental task, take discipline as its foundation, take reform as its driving force, adhere to the development of characteristics and advantages, accelerate the construction of a world-class Chinese medicine university with China characteristics and a first-class Chinese medicine discipline, and make due contributions to the construction of a healthy China and the development of Chinese medicine.

　　Meet the people’s needs for quality medical care.

　　-Interview with Li Jun, Party Secretary of Anhui Medical University

　　Guangming daily reporter Li chenxu Guangming daily trainee reporter Li ruizhen

　　"As mentioned in the report of the 19th National Congress, people’s health is an important symbol of national prosperity and national prosperity. It is necessary to improve the national health policy and provide all-round and full-cycle health services for the people. " A few days ago, Li Jun, secretary of the Party Committee of Anhui Medical University, said in an interview: "The cultivation of medical talents is directly related to the health and well-being of the people. The report of the 19 th National Congress is rich in content. We should find new ideas for the development of the school and use new ideas to deepen the reforms of the school in the new era. "

　　As a medical university, Anhui Medical University has always regarded "educating people and cultivating good doctors" as the fundamental task of its development, and has continuously promoted the training of high-end medical talents. Two disciplines have entered the top 1% of ESI in the world, and five disciplines have been selected for the international and domestic first-class discipline awards in Anhui Province. In addition, Anhui Medical University has established 25 provincial and ministerial key research platforms led by the State Key Discipline of Dermatology and the Key Laboratory of Anti-inflammatory and Immune Drugs of the Ministry of Education.

　　"Socialism with Chinese characteristics has entered a new era, and the main contradiction in our society has been transformed into the contradiction between the people’s growing needs for a better life and the development with insufficient imbalance." In Li Jun’s view, constantly meeting the people’s needs for health care is always the goal that Anhui Medical University is constantly pursuing.

　　"The school now has six directly affiliated hospitals, with an annual diagnosis and treatment of 5.4 million people and 240,000 discharged patients. The First Affiliated Hospital has been selected as one of the top 100 hospitals in China for six consecutive years; The Second Affiliated Hospital successfully passed the evaluation of JCI International Hospital; The affiliated Chaohu Hospital focuses on the development of psychiatry; The High-tech Branch of the Fourth Affiliated Hospital and the First Affiliated Hospital settled in Hefei’s high-end talent gathering area. " Li Jun told reporters, "We hope to bring better and more convenient medical services to the people through the construction of affiliated hospitals."

　　"The rich content in the report of the 19 th National Congress has pointed out the direction for our next round of work." Li Jun told reporters that Anhui Medical University will carry out a series of theme activities to study and implement the spirit of the 19th National Congress. It is necessary to carefully deploy, grasp the essence, convey it at all levels, put it into the mind, promote the normalization of "two studies and one doing" study and education, and plan the theme education of "Do not forget your initiative mind, remember the mission", so as to enhance the ideological consciousness and political position of teachers and students.

　　Li Jun stressed: "In the next work, the whole school should continue to carry forward the’ nailing spirit’, hammer by hammer, do one thing after another, and do it year after year to provide talent support for healthy China and make positive contributions to the health of the people."

　　Guangming Daily (November 20, 2017, 07 edition)

　　Xinhua News Agency, Beijing, January 3rd (Reporter Liu Zan, Song Ying and Zhu Ruiqing) In 2023, the world is still not peaceful. Geopolitical conflicts threaten world peace and stability, the global economic recovery is insufficient, and the current global governance system continues to face the challenge of change.

　　The cross-flow of the sea shows the true colors of heroes, and the wind is high and the waves are urgent.

　　In 2023, China’s diplomacy as a great power was vigorous, and it made an appeal for world peace and security, injected impetus into global development, contributed to improving global governance and coping with global risks and challenges, and left a strong mark on the great journey of building a community of human destiny.

　　(1) Contribute China’s wisdom to solving the international security dilemma.

　　Six brown wooden strips are cleverly locked with each other to form a stable whole. This is a souvenir presented to the members of the United Nations Security Council on the first day of China’s presidency in November 2023 — — Lubansuo

　　"It (Luban Lock) is like peace. It is easy to disassemble and difficult to assemble, and it is easy to destroy and difficult to rebuild. It may cause irreversible damage if it is rashly laid hands on. It is also like a difficult problem currently facing the Security Council. Only through careful observation and analysis, scientific methods and patience and confidence can we effectively solve the problem. " Zhang Jun, Permanent Representative of China to the United Nations, said.

　　On November 1, 2023, at the United Nations Headquarters in new york, Zhang Jun (left), Permanent Representative of China to the United Nations, gave a speech at the media briefing. Xinhua News Agency reporter Xie Yushe

　　It takes patience and wisdom to unlock Luban lock. Dealing with the complicated international situation requires sincerity, integrity and good prescription.

　　In the world of 2023, multiple contradictions are prominent, and regional conflicts continue. Maintaining peace and stability has become a top priority. Following the global security initiative put forward by China in 2022, the Concept Document of Global Security Initiative was released in February 2023, which explained the core concepts and principles of the initiative, defined the key cooperation directions of the initiative, put forward suggestions and ideas on the platform and mechanism of the initiative, and demonstrated China’s responsibility for maintaining world peace and firm determination to protect global security.

　　China is the initiator of the global security initiative and a firm practitioner. In the past year, China has been clamoring for world peace and striving for common security.

　　Around the latest round of Palestinian-Israeli conflict, China has made great efforts to promote a ceasefire. President’s top leaders attended the special video summit of BRICS leaders on the Palestinian-Israeli issue and sent a congratulatory message to the United Nations commemorative meeting on the International Day of Solidarity with the Palestinian People, expounding China’s position on the Palestinian-Israeli issue; The Ministry of Foreign Affairs of China issued China’s Position Paper on Resolving the Palestinian-Israeli Conflict; Foreign Minister Wang Yi has in-depth communication with politicians and responsible persons of more than 20 countries and international organizations; The China administration’s special envoy for the Middle East visited five countries in the Middle East and attended the Cairo Peace Summit to carry out shuttle diplomacy; China has also provided emergency humanitarian assistance to the Gaza Strip. As the rotating president of the UN Security Council in November, China hosted a high-level meeting of the Security Council on the Palestinian-Israeli issue, and worked with other relevant parties to push the Security Council to adopt the first resolution since the outbreak of the conflict in November, demonstrating the consensus of the international community to promote peace. Ahmad ibrahim, a Saudi expert on international issues, said: "China stands on the side of peace, justice and international law on the Palestinian-Israeli issue."

　　In February 2023, on the first anniversary of the escalation of the Ukrainian crisis, China issued the document "China’s Position on the Political Settlement of the Ukrainian Crisis", which not only clarified the major principles for resolving the crisis, but also proposed a clear path out of the crisis, which was widely recognized by the international community. The China government sent a special representative for Eurasian affairs to have extensive contacts and exchanges with all parties. In May, he visited five countries including Russia and Ukraine, and in August, he went to Jeddah, Saudi Arabia to attend an international conference on Ukraine, striving to promote a political solution to the crisis. Saeb Ravache, an international analyst in Jordan, commented that China actively advocated ceasefire and peace talks, advocated dialogue and negotiations, and made unremitting efforts to implement global security initiatives.

　　On the issue of Afghanistan, China issued the document "China’s Position on Afghanistan", clearly indicating that China adheres to the "three respects" and "three never’s" and puts forward feasible measures on stabilizing the situation, peaceful reconstruction, anti-terrorism and drug control, international coordination and alleviating the humanitarian crisis.

　　In the past year, one of the most important achievements of China’s global security initiative was to promote reconciliation between Saudi Arabia and Iran. In March, Shay reached the Beijing Agreement with the support of China, and the three parties issued a joint statement. In April, witnessed by the Chinese side, the two sides signed a joint statement in Beijing, announcing the resumption of diplomatic relations that had been interrupted for seven years from now on. The two Middle Eastern powers shook hands and made peace under the mediation of China, which brought great benefits to the turbulent world. The rapid recovery of relations between Saudi Arabia and Iraq has led to the reconciliation of many countries in the Middle East, the normalization of relations between Qatar and other Gulf Arab countries, and Syria’s return to the League of Arab States … … The Middle East, which has been in turmoil for a long time because of external interference, has set off a "wave of reconciliation", and seeking peace, development and anti-interference has become the aspiration and general trend of regional countries. "China successfully mediated the resumption of diplomatic relations between Shay and opened a new era of reconciliation in the Middle East." Steven Wright, an associate professor at Hamad bin Khalifa University in Qatar, commented.

　　If the world loves each other, it will be ruled, and if it is evil, it will be chaotic. China actively practices the common, comprehensive, cooperative and sustainable security concept, adheres to fairness and justice, injects more stability into the turbulent world, and wins wide recognition and support from the international community.

　　According to the article on the website of Eurasia Review, people are witnessing a major change in the geopolitical pattern in the 21st century, and China has become an important factor in maintaining global balance and stability. "Countries in Asia-Pacific, Africa and Latin America have all seen this."

　　"China has always been a staunch supporter, promoter and defender of world peace and development, a staunch force of the international community to safeguard and guarantee peace, and its contribution to world and regional peace is obvious to all." Bambang Suryono, chairman of the Asian Innovation Research Center of Indonesian think tank, said.

　　(2) Contributing China’s strength to solving global development problems

　　"Jakarta-Bandung High-speed Railway is jointly built by China and Indonesia ‘ Belt and Road ’ Cooperative ‘ Gold signboard ’ China is willing to sum up successful experience with Indonesia, do a good job in follow-up high-quality operations, and cultivate the Jakarta-Bandung High-speed Railway Economic Belt. " On October 17, 2023, the Chairman of the Supreme Leader said this when he held talks in the Great Hall of the People with Indonesian President Joko who came to China to attend the third Belt and Road International Cooperation Summit Forum and paid a state visit. After the talks, the two heads of state jointly unveiled the official opening of Jakarta-Bandung High-speed Railway.

　　After more than two months of operation, this high-speed rail line connecting Jakarta, the capital of Indonesia, and Bandung, a famous tourist city, has sent more than 1 million passengers. It not only shortens the time and space distance between cities, but also promotes the optimization and upgrading of local industrial structure and empowers economic development along the route. Zoco expressed the hope that more development plans in Indonesia can be connected with the "Belt and Road Initiative".

　　Jakarta-Bandung High-speed Railway is a significant landmark achievement of the "One Belt, One Road" jointly established by China and Indonesia, and it is also the latest example of China joining hands with the world and seeking common development.

　　This is a moving Jakarta-Bandung High-speed Railway high-speed EMU (photo of unmanned aerial vehicle) taken on December 6, 2023 near the Indonesian Bandung Dekarur Station. Xinhua News Agency reporter Xu Qinshe

　　In Africa, the "One Belt, One Road" cooperation has achieved fruitful results, with frequent good news: the Laiji deepwater port in Nigeria opened for operation, the terminals of Zimbabwe and Angola international airports were successfully completed, and the Cocody Bridge in C? te d ‘Ivoire was completed and opened to traffic … … In August 2023, Chinese and African leaders gathered in Johannesburg, South Africa, and held a dialogue meeting between Chinese and African leaders during the 15th meeting of BRICS leaders. After the meeting, China issued the Initiative to Support Africa’s Industrialization, China’s Plan to Help Africa’s Agricultural Modernization and China-Africa Cooperation Plan to support Africa’s integration and modernization.

　　In the Asia-Pacific region, during the series of East Asian cooperation leaders’ meetings in September 2023, the China-ASEAN leaders’ meeting issued a joint statement on the "Belt and Road Initiative" and the prospect of mutually beneficial cooperation with ASEAN Indo-Pacific, and adopted cooperation documents in the fields of agriculture, e-commerce and scientific and technological innovation; At the 30th APEC Economic Leaders’ Meeting in November, the Chairman of the Supreme Leader delivered an important speech, pointing out the direction for jointly building the next "golden 30 years" of Asia-Pacific development.

　　On the occasion of the 10th anniversary of the "One Belt, One Road" initiative, the third "One Belt, One Road" international cooperation summit forum held in Beijing in October 2023 attracted more than 150 countries and reached a project cooperation agreement with a total amount of 97.2 billion US dollars. "What we are pursuing is not China’s independent modernization, but we are looking forward to working with other countries, including developing countries, to realize modernization together." At the summit forum, the Chairman of the Supreme Leader put forward the grand vision of working together to realize the world modernization of peaceful development, mutually beneficial cooperation and common prosperity, announced China’s eight actions to support the high-quality construction of the Belt and Road, and defined the direction of future efforts for the high-quality construction of the Belt and Road. Many delegates believe that the joint construction of the "Belt and Road" shows a new vision of modernization. Former Serbian President boris Tadic said that China has given new meaning to modernization and advocated harmonious coexistence between different countries and harmonious economic and social progress. "This is an important contribution to world modernization, and it represents hope and future.".

　　Development is the key for all countries to realize world modernization hand in hand. Since the global development initiative was put forward in 2021, China has been pushing the international community to refocus on development and put development issues at the center of the international cooperation agenda. During the UN General Assembly in September, 2023, China hosted a high-level meeting to showcase the cooperation achievements of global development initiatives and released the report "Practical Achievements and World Contributions of Global Development Initiatives". Participants spoke highly of the initiative’s outstanding contribution to rallying development consensus and helping to implement the UN Agenda 2030, and unanimously expressed their expectation to deeply participate in the initiative cooperation, adhere to multilateralism and revitalize the global development agenda.

　　China’s circle of free trade partners has been expanding from the first round of negotiations with Honduras to the signing of free trade agreements with Ecuador, Nicaragua and Serbia respectively, from the first round of negotiations on China-ASEAN Free Trade Area Version 3.0 to the signing of a protocol on further upgrading the free trade agreement with Singapore.

　　Consumer Expo, Service Trade Fair, China International Import Expo(CIIE), Canton Fair … … Major exhibitions are resumed offline, providing more opportunities for China, a big market with a population of more than 1.4 billion. The first China International Supply Chain Promotion Expo, held in Beijing from the end of November to the beginning of December, was the first national-level exhibition with the theme of supply chain in the world. 515 Chinese and foreign enterprises and institutions participated in the exhibition, and more than 200 cooperation agreements and intention agreements were signed, involving more than 150 billion yuan. Under the background of some countries encouraging "decoupling and breaking chains" and "small courtyard and high wall", enterprises from all countries have jointly issued the voice of maintaining the stability and smoothness of the global industrial chain supply chain with practical actions.

　　Veronica Nikishenna, general manager of Russian Export Center, believes that when some countries engage in trade protectionism, China shares the China market with the world by holding a series of exhibitions and other activities, promoting mutual benefit and win-win through opening up, and embodying China’s cooperation concept of openness, inclusiveness, balance of benefits and mutual benefit.

　　(3) Demonstrate China’s responsibility for improving global governance.

　　"The consensus reached between China and the United States is an important achievement made before the opening of COP28 … … These goals (in the consensus) will have a far-reaching impact on our future generations. " Sultan Jaber, President of the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28), spoke of the statement issued by China and the United States in mid-November on strengthening cooperation to cope with the climate crisis, and expressed such heartfelt sigh.

　　Global warming is one of the main global challenges facing mankind at present, which is related to the future survival and development of mankind. After China announced the Action Plan for Methane Emission Control in early November, it reached the above-mentioned consensus with the United States, showing the world its determination to deal with climate change and injecting momentum into COP28, which opened at the end of November.

　　At this meeting, China not only cooperated with developing countries to safeguard their legitimate rights and interests, but also actively promoted dialogue and consultation with other parties to provide solutions acceptable to all parties, and finally promoted the success of the climate conference called "the most difficult" in recent years. At the closing plenary meeting of the conference, China called for a broad consensus, and many representatives made it clear that "we agree with China".

　　On December 13th, 2023, at the closing plenary meeting of the United Nations Conference on Climate Change in Dubai, the participants stood up and applauded after Sultan Jaber, Chairman of COP28, announced the "UAE Consensus". Xinhua News Agency reporter Wang Dongzhen photo

　　China has not only made promises to deal with climate change, but also taken practical actions. David Dodwell, CEO of Strategic Access Consulting, USA, wrote that China has carefully promised and exceeded its commitments in climate action, and other countries should learn from China.

　　Responding to global risk challenges such as climate change requires an effective global governance system. Among them, maintaining the stability of relations between major powers is particularly crucial. In 2023, China made great efforts to build a pattern of relations between major powers with peaceful coexistence, overall stability and balanced development, and contributed positive energy to maintaining global strategic stability.

　　From steadily coping with the difficult challenges faced by Sino-US relations, to receiving senior officials such as US Secretary of State Blinken, Finance Minister Yellen and Commerce Minister Raymond to visit China in the middle of the year, and then the Chairman of the Supreme Leader went to the United States to meet with US President Biden in November, and achieved many achievements in managing differences and carrying out related cooperation. Facing the United States’ persistent provocation of "great power competition", China has always developed Sino-US relations on the principle of mutual respect, peaceful coexistence and win-win cooperation, and promoted Sino-US relations to stop falling and stabilize.

　　Chinese and Russian leaders exchanged visits in 2023, drawing a new blueprint for bilateral relations. High-level exchanges between the two sides are frequent, mechanisms such as Sino-Russian strategic security consultations and regular meetings between Chinese and Russian prime ministers are running smoothly, the two countries maintain good cooperation in international and regional affairs, and the comprehensive strategic partnership of cooperation between China and Russia in the new era is stronger.

　　The China-EU leaders’ meeting resumed offline. On the occasion of the 20th anniversary of the establishment of China-EU comprehensive strategic partnership, the two sides made strategic guidance on further deepening China-EU relations and sent a positive signal to make joint efforts to promote the further development of China-EU relations.

　　An effective global governance system needs to reflect the reasonable demands of all countries in the world. In 2023, China will lead the way in the reform of the international system and order, continue to unite with developing countries, and promote the development of the global governance system in a more just and rational direction.

　　From the seventh summit of the Community of Latin American and Caribbean States in January, when the Chairman of the Supreme Leader was invited to make a video speech, to the summit of "Group of 77 and China" held in Havana, Cuba in September, China sent a strong voice of strengthening unity and cooperation with the developing countries, and made joint efforts to enhance the representation and voice of developing countries in global governance.

　　New progress has been made in the expansion of the Shanghai Cooperation Organization and the BRICS cooperation mechanism. The Shanghai Cooperation Organization Summit held in July officially accepted Iran as a member state and approved the signing of a memorandum on Belarus’ obligations to join the Shanghai Cooperation Organization. At the 15th meeting of BRICS leaders in Johannesburg, South Africa in August, Saudi Arabia, Egypt, United Arab Emirates, Iran and Ethiopia were invited to join the BRICS family.

　　Suzdaltsev, an associate professor in the Department of World Economics and Politics of the Russian State Higher School of Economics, said that the SCO and the BRICS cooperation mechanism are becoming one of the emerging multipolar world centers. Australia’s "Pearl and Stimulation" website article believes that the two meetings between the SCO and the BRICS countries show that the world geopolitical order is undergoing major changes, and the global economic focus is shifting from the West to the East.

　　(D) What kind of world to build and how to build it, and give China’s plan.

　　Over the past year, whether it is committed to maintaining peace and promoting development, or responding to global risk challenges and promoting the reform of the global governance system, China’s diplomacy is based on the fundamental understanding that human beings are in the same home on earth and the destiny of all countries in the world is shared, with building a community of human destiny as the highest goal.

　　In 2023, the relationship between China and many countries was upgraded, and the global partnership network was broader and higher in quality. New progress has been made in building a bilateral community of destiny. China and the five Central Asian countries have achieved full coverage of the community of human destiny at the bilateral level, and announced with Vietnam that they will join hands to build a strategic community of destiny between China and Vietnam.

　　Especially concerned by the international community, following the global development initiative and global security initiative, the General Secretary of the Supreme Leader put forward the global civilization initiative at the high-level dialogue meeting with world political parties in the Communist Party of China (CPC) in March 2023, advocating respect for the diversity of world civilization, promoting the common values of all mankind, attaching importance to the inheritance and innovation of civilization, and strengthening international humanities exchanges and cooperation, which further enriched and expanded the practical path of building a community of human destiny. A series of cultural exchange activities, such as the China-Russia Sports Exchange Year, the China-Pakistan Tourism Exchange Year, the Chengdu Universiade and the Hangzhou Asian Games, let the world see China’s sincere will and practical actions to implement the global civilization initiative and promote the exchange and mutual learning of civilizations.

　　On September 23rd, 2023, the last torchbearer Wang Shun and the digital torchbearer lit the main torch at the opening ceremony of the Asian Games in Hangzhou. Xinhua News Agency reporter Cheng Tingting photo

　　According to the article published on the website of Zimbabwe’s Sunday Post, the three initiatives are full of China’s wisdom, which is of great practical significance and practical value for promoting different countries and civilizations to jointly meet the common challenges faced by all countries, and will inject strong impetus into the process of human modernization and the building of a community of human destiny.

　　At the end of 2023, the Central Conference on Foreign Affairs was held in Beijing. The meeting systematically summed up the historical achievements and valuable experience of diplomacy with China as a big country with characteristics in the new era, profoundly expounded the international environment and historical mission faced by foreign work in the new journey, and made comprehensive arrangements for foreign work at present and in the future.

　　In particular, the meeting profoundly summarized and summarized the core concept of building a community of human destiny, the supreme leader’s diplomatic thought: building a community of human destiny is to build a world of lasting peace, universal security, common prosperity, openness, tolerance, cleanliness and beauty, to promote global governance that is jointly built and shared, to practice the common values of all mankind, and to promote the construction of new international relations as the basic support. Guided by the implementation of global development initiatives, global security initiatives and global civilization initiatives, and building the "Belt and Road" with high quality as a practical platform, we will push all countries to work together to meet challenges, achieve common prosperity, and push the world towards a bright future of peace, security, prosperity and progress.

　　Everything breeds without harming each other, and Tao runs parallel without contradicting each other. Building a community of human destiny is the future of people all over the world. It is China’s Chinese plan for what kind of world to build and how to build it. It embodies the Communist Party of China (CPC) people’s world outlook, order outlook and values, conforms to the general aspirations of people all over the world, points out the direction of world civilization and progress, and is the lofty goal pursued by China as a big country in the new era.

　　Isaac anquela, a senior researcher at the Center for Africa-China Policy Consulting, a think tank in Ghana, believes that, in essence, the theme and framework of China’s foreign policy agenda are centered on the vision of building a community of human destiny. This concept clearly expresses China’s views on strengthening global governance, meeting global security and development challenges and promoting global peace and development.

　　Rehab Mahmoud, Egyptian Dean of the Confucius Institute at Cairo University, said that the concept of building a community of human destiny advocated by China is highly compatible with Chinese excellent traditional culture, which will greatly promote international security, peace and development and effectively enhance the well-being of people around the world.

　　I will ride the wind and break the heavy waves some day, and then set the cloudlike sail and cross the sea. Looking around the world, the world has entered a new period of turbulence and change, but the general direction of human development and progress will not change, the general logic of tortuous progress in world history will not change, and the general trend of shared destiny of the international community will not change. On the new journey, the diplomacy of a big country with China characteristics will enter a new stage where it can do more, and it will surely play a new cadenza on the world stage and make new and greater contributions to building a community of human destiny.

　　Cctv newsOn April 23rd, the State Council Joint Prevention and Control Mechanism held a press conference to introduce the popularization of scientific knowledge of prevention and control in COVID-19 and answer questions from reporters.

　

　　The reporter asked, Chinese medicine says that "healthy qi should be kept inside, and evil should not be done". For ordinary people, what methods can Chinese medicine provide to strengthen healthy qi and improve immunity in daily life?

　　Qi Wensheng, chief physician of Guang ‘anmen Hospital of Chinese Academy of Traditional Chinese Medicine, said that Chinese medicine believes that immunity is transferred out, not supplemented. If you get angry, you need to purge fire, and if you have deficiency, you can supplement it. Only when the yin and yang are balanced is the state of healthy qi. The balance between yin and yang is very important.

　　How to keep the balance of yin and yang, and how to keep healthy qi inside? Traditional Chinese medicine believes that there are several aspects: first, to adapt to the climate change of the four seasons, people’s daily life and life should be adapted to the four seasons, aerobic exercise should be properly carried out, adequate sleep should be guaranteed, and clothes should be increased or decreased in time.

　　The second is to adjust emotions. Because the fluctuation and change of mental state will affect immunity, we should maintain a mental balance at ordinary times to avoid the influence of negative emotions such as anxiety and tension.

　　The third is to control diet. It doesn’t mean to eat more and eat less, and the diet should be balanced and not partial eclipse, especially when you catch a cold in summer or winter, you should pay attention to the light and nutritious diet.

　　The fourth is to do some drug conditioning appropriately. If you still feel uncomfortable after the above-mentioned daily conditioning, such as getting angry, dry or unsmooth stool, poor sleep, and no spirit, you can adjust it with Chinese medicine.

After the embarrassing situation of falling in recent days, China A-shares welcomed the voice of the CSRC and the central bank last weekend. Analysts here said in an interview with China News Service that the government is trying to build a systematic project to stabilize the stock market, which is undoubtedly conducive to stabilizing market confidence. Considering the overall situation of the current stock market, A shares are showing more positive signals.

The stock market bubble has been released to a considerable extent.

China Securities Regulatory Commission issued a notice on the evening of 6th, saying that at present, the bubbles and risks in China stock market have been released to a considerable extent, the market transactions are basically normal, the liquidity is abundant, and the internal stability of the market is enhanced. The rise and fall of the stock market has its own operating rules. Under normal circumstances, the government does not intervene. However, when the stock market fluctuates violently and abnormally, which may lead to systemic risks, the government will never sit idly by and will take various measures to stabilize the stock market in a timely and decisive manner.

It is worth noting that this is not the only official statement on the stock market in China recently. Zhou Xiaochuan, governor of China’s central bank, recently said at the meeting of G20 finance ministers and central bank governors that since the stock market adjustment, the leverage ratio has dropped significantly, and it has not had a significant impact on the real economy. At present, the exchange rate of RMB against the US dollar has stabilized, the stock market adjustment has been "in place", and the financial market is expected to be more stable.

In this regard, Dong Dengxin, director of the Institute of Financial Securities of Wuhan University of Science and Technology, said in an interview with Zhongxin.com that the official move is to persuade investors not to panic too much, to remind the stock market bubble that it has been released to a considerable extent, and to express its position that it will intervene and stabilize the market in due course; Considering that the current on-site financing balance of A shares has dropped to about 1 trillion yuan (RMB, the same below), returning to the level at the end of last year, and the P/E ratio of some stocks has also shrunk significantly, A shares are showing more positive signals.

Xu Hongcai, director of the Economic Research Department of China International Economic Exchange Center, also agreed. Xu Hongcai believes that the current Shanghai Composite Index has dropped from more than 5,000 points in the middle of the year to around 3,000 points, and the bubble accumulated before mid-June "has been basically squeezed out". In addition, unlike previous rounds of adjustment, the shock of China A shares in late August had a negative spillover effect on the global stock market to a certain extent, which deepened the doubts about China’s economy.

Xu Hongcai further pointed out that in this case, the official made it clear that the stock market adjustment was basically in place, which was not only a judgment based on facts, but also a consideration to boost the confidence of domestic and foreign investors in China’s economic and financial stability.

Affected by this, the Shanghai Composite Index, a representative of A-shares, changed its downward trend, opening lower and going higher. As of the close of the morning, the Shanghai Composite Index rose 0.87% to close at 3,187 points.

Create a systematic project for "stabilizing the stock market"

In view of the future work arrangement, the CSRC indicated that it will continue to take stabilizing the market and preventing systemic risks as the primary task, organically combine stabilizing the market, repairing the market and building the market, focus on cultivating an open, transparent, long-term stable and healthy capital market, and put forward four measures, including cultivating and developing institutional investors.

In this regard, Dong Dengxin said that this move shows that while maintaining market stability, the regulatory authorities are continuing to promote the marketization and legalization of A-shares. Regulators put forward the main starting point for the next step, and do a good job in market construction. Its core is to create a systematic project for "stabilizing the stock market", rather than simply focusing on the market trend itself, so as to avoid piecemeal treatment.

Dong Dengxin believes that the abnormal fluctuation of the stock market has further exposed the immature stock market and imperfect system in China, and the above measures of the CSRC are targeted measures to try to overcome related problems.

"The development of institutional investors is to reform the status quo of A-share retail market, and the reform of registration system is to reform the policy market." Dong Dengxin said that the scheme of fuse mechanism that has attracted much attention is to make up for the existing price limit system and put forward a stricter market protection mechanism.

Fuse mechanism or introduction: stricter than the price limit system

The so-called fuse mechanism is a protection mechanism established by the US Securities and Exchange Commission. According to the latest regulations of the SEC, when the S&P index falls by 7% in a short time, all securities market transactions in the United States will be suspended for 15 minutes.

According to Cheng Xiaoyong, assistant director of Baocheng Futures Finance Research Institute, the fuse mechanism is equivalent to a "shock absorber". Its benefits are as follows: first, it provides early warning for the trading risks in the market, effectively preventing the suddenness and seriousness of risks; The second is to gain thinking time and operation time for controlling trading risks; Third, it is conducive to eliminating the decline in liquidity in the futures market caused by outdated prices; The fourth is to provide institutional guarantee for gradually resolving transaction risks.

Dong Dengxin pointed out that, in fact, the 10% price limit system and the temporary suspension system of new shares currently implemented by A-shares belong to the fuse mechanism in a broad sense. In this sense, the regulatory authorities proposed to study and formulate a scheme to implement the index fuse mechanism, perhaps because of formulating a stricter temporary suspension mechanism.

Dong Dengxin further pointed out that the new regulations may implement 8% reduction fuse arrangement for weighted blue-chip stocks, such as "two barrels of oil" and "four major banks", but the fuse mechanism should not be abused in individual stocks. As far as the index is concerned, it may be appropriate to set a melting point of 6%, that is, when there is a 6% decline in the Shanghai Composite Index or the Shanghai and Shenzhen 300 Index, trading will be suspended for a period of time to give the market a cooling-off period, so that investors can fully digest market information and prevent irrational large fluctuations in the market. (Reporter Chen Kangliang)

Click to enter the topic of "Maintaining the Stability of Capital Market"