Director:

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Type: plot

Special feature of 1905 film network There is a profession on Wall Street that can make huge wealth in milliseconds.

Do you know what this occupation is?

This profession is called high-frequency trader, who needs to be the first to buy stocks at the opening and then sell them quickly at a very small price difference. Although the single profit is not considerable, it can generate huge wealth by relying on huge trading volume.

This week’s excellent film "Hummingbird Project" tells the story of two high-frequency traders, a thrilling entrepreneurial journey.

Every second counts: What is the Hummingbird Project?

Anton and Vincent, the two protagonists in the film, quit their jobs and built a 1,000-mile-long optical fiber that goes straight to the server of the new york Stock Exchange.

This unprecedented project will enable them to get the stock market quotation faster than all their peers within 16 milliseconds. The title "Hummingbird Project" is actually a metaphor, because 16 milliseconds is exactly the time it takes a hummingbird to shake its wings once.

One person has thousands of faces — — Brothers’ transformation work

Jesse Eisenberg and Alexander Skarsgard, the two leading roles in the film The Hummingbird Project, are also one of the highlights of this film.

High IQ, low EQ, conceit and paranoia are stereotypes of actor Jesse Eisenberg, which dates back to 2010, when he played the founder of Facebook. In the subsequent series,, and, Jesse continued this style. However, this time he broke through the image and played the eloquent entrepreneurial CEO.

Tall and handsome is the label of actor Alexander Skarsgard. His most well-known role is the vampire Eric in the American TV series True Blood. In the 69th Emmy Awards, Scarsgaard won the Golden Globe Award for Best Supporting Actor for "Big and Small Lies". But in the Hummingbird Project, he turned into Anton, a hunched farmer with a Mediterranean hairstyle.

Inventory of financial movies

Hummingbird project

The story prototype of the film comes from michael lewis’s nonfiction novel High Frequency Trader.An ordinary securities trader raised $2.8 billion, hired 2,000 workers and built an 827-mile optical fiber line.All efforts are only to make the network transmission faster than others by 1 millisecond. The speed of 1 millisecond seems short, but it is enough to shake the whole Wall Street.

The Wolf of Wall Street.

This film is based on The Wolf of Wall Street, the autobiography of Jordan Belfort, a former Wall Street stockbroker.Playing the leading role, with this filmNominated for the Best Actor Award at the 86th Academy Awards.

Big bear

Also adapted from a novel written by michael lewis.It tells the process of the financial crisis and writes hard-core financial knowledge into the plot. It depicts all kinds of people and stories in the financial industry in a panoramic way.

Wall street

A must-see movie listed by Harvard Business School is an ideal teaching material for students majoring in business administration.With this film, the actor won the Oscar Award for Best Actor for the first time.

If you don’t understand the technical background behind these films, you may regard them as stories of "getting rich overnight and dreaming". But if we know the technical details and the background of real events, we will find that the core of the story is still: people, technology, capital and the relationship among them.

This week’s excellent film "Hummingbird Project" shows two different motivations of the two protagonists in starting a business.

Let’s walk into this week’s excellent film "Hummingbird Project" and see how Vincent and Anton race against time.

This program is live.

Shao Shengyi, the presenter, will take you into the movie Hummingbird Project in the Saturday promotion edition of CCTV-6 Movie Channel. In the Sunday film review edition, Professor Suo Yabin of China Communication University and Professor Wan Zhe of Beijing Normal University, Ph.D. in economics, will work with members of the excellent film mystery group to interpret the truth and fiction in financial films for you.

Welcome to this issue of CCTV-6 movie channel "A Good Movie with an Appointment".

Saturday, April 1 ST

22:22 Saturday Promotion Edition

22:31 Hummingbird Project

Sunday, April 2

13:40 Hummingbird Project

15:25 Sunday Film Review Edition

　　The road problem is the first problem that concerns the success or failure of the party’s cause, and the road is the life of the party. In the long-term practice and exploration, our party and people persisted in taking their own road independently, won great victories in revolutionary construction and reform, created and developed Socialism with Chinese characteristics, and fundamentally changed the future and destiny of the people of China and the Chinese nation. History and practice show us that only socialism can save China and only Socialism with Chinese characteristics can develop China. Socialism with Chinese characteristics is the banner of unity, endeavor and victory for the people of the Communist Party of China (CPC) and China, and it is the fundamental direction for the development and progress of contemporary China.

　　1. Socialism with Chinese characteristics is the conclusion of history and the choice of the people.

　　Rivers and Wan Li always have sources, and trees are high and thousands of feet also has roots. General Secretary of the Supreme Leader pointed out: "Socialism with Chinese characteristics did not fall from the sky, but was a fundamental achievement made by the party and the people at all costs." Socialism with Chinese characteristics was initiated in the new period of reform and opening up, and it was also based on the long-term struggle of our party for more than 90 years, and the source of his thought, theory and practice can be traced back to further. It has been almost 500 years since the socialist thought was put forward. From this long historical process to study Socialism with Chinese characteristics, we can see the development of his thoughts more clearly and fully understand Socialism with Chinese characteristics’s historical inevitability and scientific truth.

　　The five hundred years of socialism have gone through the process from fantasy to science, from theory to practice, from practice in one country to development in many countries. In January, 2013, General Secretary of the Supreme Leader made a systematic review of the 500-year history of socialism in six time periods in his speech at the seminar on studying and implementing the spirit of the 18th National Congress of the Communist Party of China for new members and alternate members of the Central Committee, showing the historical origin and development process of Socialism with Chinese characteristics.

　　In the first period, utopian socialism came into being and developed. Utopia, the pioneering work of utopian socialism, was published by British Moore in 1516. This book profoundly exposes the tragic scene in the process of primitive accumulation of capitalism, and at the same time depicts an ideal society without exploitation and equality for all. Since then, until the first half of the 19th century, influential utopian socialists have included German peasant war leader Muenzer, Italian Campanella, British Digging Movement leader Weinstein Lai, France’s Morelli and mably, among whom the most important are the great utopian socialist thinkers in the third day of the 19th century-France’s Saint-Simon, Fourier and Britain’s Owen. Utopian socialists expose the evils of capitalist society, criticize all the foundations of the capitalist system, demonstrate the inevitability and rationality of the future society replacing capitalism, and put forward some positive opinions and valuable guesses for the future society. However, their common limitation is their idealistic view of history, and they can’t find the right way and social force to realize their social ideals.

　　In the second period, Marx and Engels established the theoretical system of scientific socialism. In the mid-19th century, with the continuous development of capitalist socialized mass production, the working class stepped onto the historical stage as an independent political force. Marx and Engels deeply investigated the economic, political and social conditions of capitalism, critically inherited the rational components of German classical philosophy, British classical political economy and utopian socialism in France and Britain, founded historical materialism and surplus value theory, and put socialist thought on these two theoretical cornerstones, thus making socialism realize a great leap from utopian to scientific. Scientific socialism profoundly reveals the historical inevitability of the emergence, development and demise of capitalism and the replacement of capitalism by communism, and makes scientific predictions and assumptions on the development process, development direction and general characteristics of the future socialist society. Of course, Marx and Engels’ ideas about the future socialist society are mainly theoretical, and how to put them into practice remains to be answered by future generations.

　　In the third period, Lenin led the victory of the October Revolution and practiced socialism. At the beginning of the 20th century, Lenin combined the basic principles of Marxism with Russia’s concrete reality, creatively put forward the theory that socialism may win first in one country or several countries, led the October Revolution to success, established the first socialist country in the world, and made socialism realize a great leap from theory to practice. After the victory of the October Revolution, there was no precedent for how to build socialism. Lenin made in-depth thinking and hard exploration. In view of the problems exposed by the implementation of the wartime communist policy from the second half of 1918 to the spring of 1921, Lenin made a profound reflection, put forward a new economic policy and made a profound adjustment to the wartime communist policy.

　　In the fourth period, the Soviet model was gradually formed. After Lenin’s death, Stalin gradually formed an economic and political system with a single means of production, a mandatory planned economy and a high concentration of power in leading the socialist construction in the Soviet Union. The Soviet model promoted the rapid economic and social development of the Soviet Union under specific historical conditions, and also played an important role in winning the anti-fascist war for the Soviet army and people. However, due to the lack of respect for economic laws, as time goes by, its disadvantages are increasingly exposed, which has become a serious institutional obstacle to economic and social development. After entering the 1980s, faced with the difficulties of economic and social development, the Soviet Union and Eastern European countries also wanted to make some adjustments. However, under the powerful offensive of the West and other forces, this adjustment deviated from the right direction, which finally led to drastic changes in Eastern European countries in 1989, and the disintegration of the Soviet Union and the dissolution of the CPSU in 1991 caused great twists and turns in world socialism.

　　In the fifth period, our party’s exploration and practice of socialism after the founding of New China. Our party is the second to lead the socialist revolution and construction in a big country. After the founding of New China, the party’s first generation of central collective leadership with Comrade Mao Zedong at the core led the whole party and people of all nationalities in China to creatively carry out socialist transformation and establish a basic socialist system on the basis of rapidly healing the wounds of war and restoring the national economy. However, how to build socialism in China is a brand-new task facing the Party. At first, we could only learn from the experience of the Soviet Union, but in practice, our party soon realized the limitations of the Soviet model and proposed to learn from the Soviet Union and independently explore the road of socialist construction suited to China’s national conditions. With Comrade Mao Zedong’s "On Ten Major Relationships" and "On Correctly Handling Contradictions among the People" as the main symbols, our Party has a new and important understanding of how to build socialism. In later practice, due to the Party’s "Left" mistakes in guiding ideology, many correct ideas about socialist construction were not implemented, and even a global and long-term serious mistake like the "Cultural Revolution" occurred, which made our Party suffer serious setbacks in the process of exploring socialism. Although the exploration is arduous and bumpy, the positive achievements made by our party are extremely valuable, which provides valuable experience, theoretical preparation and material foundation for creating Socialism with Chinese characteristics in the new historical period.

　　In the sixth period, our party made a historic decision to carry out reform and opening up, and initiated and developed Socialism with Chinese characteristics. After the downfall of the Gang of Four, especially after the Third Plenary Session of the Eleventh Central Committee, the second generation of the Party’s central collective leadership with Comrade Deng Xiaoping at the core re-established the ideological line of emancipating the mind and seeking truth from facts, completely negated the wrong theory and practice of "taking class struggle as the key link", put forward reform and opening up with great political and theoretical courage, and clearly put forward the important theoretical and practical issues of what socialism is and how to build it. In 1982, Comrade Deng Xiaoping issued a resounding call at the Twelfth National Congress of the Communist Party of China: We should integrate the universal truth of Marxism with the concrete reality of our country, take our own road and build socialism with China characteristics. Through practical exploration, Comrade Deng Xiaoping answered a series of basic questions about how to build socialism, how to consolidate and develop socialism in a country with relatively backward economy and culture like China for the first time. He inherited and developed Marxism with new ideas and views, opened up a new realm of Marxism, raised his understanding of socialism to a new scientific level, founded Deng Xiaoping Theory and successfully created Socialism with Chinese characteristics. After the Fourth Plenary Session of the 13th CPC Central Committee, the party’s third-generation central collective leadership with Comrade Jiang Zemin at the core defended Socialism with Chinese characteristics in the face of the severe test of complicated domestic and international situation and serious twists and turns in world socialism.According to the new practice, we have established the Party’s basic program and experience, the reform goal and basic framework of the socialist market economic system, the basic economic system and distribution system in the primary stage of socialism, promoted the new great project of Party building, founded Theory of Three Represents, created a new situation of comprehensive reform and opening up, and successfully pushed Socialism with Chinese characteristics into the 21st century. In the new stage of the new century, the CPC Central Committee with Comrade Hu Jintao as the general secretary emphasizes people-oriented, comprehensive, coordinated and sustainable development, proposes to build a socialist harmonious society, accelerate the construction of ecological civilization, form the overall layout of Socialism with Chinese characteristics’s cause, focus on safeguarding and improving people’s livelihood, promote social fairness and justice, promote the construction of a harmonious world, and promote the construction of the party’s ruling ability and advanced nature, thus forming Scientific Outlook on Development and successfully upholding and developing Socialism with Chinese characteristics at a new historical starting point.

　　Knowing the source and evolution of the world socialist thought and the historical development of Socialism with Chinese characteristics, we can understand how our party chose Marxism and the socialist road through repeated comparison and summary in the process of promoting revolution, construction and reform. How to combine the basic principles of Marxism with China’s reality and the characteristics of the times, and go its own way independently; How to create and develop Socialism with Chinese characteristics through hardships and various costs. The magnificent historical process of world socialism in the past 500 years tells us that Socialism with Chinese characteristics is the dialectical unity of the theoretical logic of scientific socialism and the historical logic of China’s social development, the historical conclusion and the people’s choice.

　　2. Socialism with Chinese characteristics is composed of road, theoretical system and system.

　　Socialism with Chinese characteristics is a close combination of practice, theory and system. He not only upgraded successful practice to theory, but also guided new practice with correct theory. He also upgraded the principles and policies that have achieved results in practice to the system of the party and the state in time, thus forming the Socialism with Chinese characteristics Road, theoretical system and system. Socialism with Chinese characteristics road is the way to realize, Socialism with Chinese characteristics theory system is the guide to action, and Socialism with Chinese characteristics system is the fundamental guarantee, which are unified in Socialism with Chinese characteristics’s great practice. In November, 2012, General Secretary of the Supreme Leader pointed out in his first collective study in the Political Bureau of the Central Committee that "Socialism with Chinese characteristics is special in its road, theoretical system and system, in its internal relations of realization approach, action guide and fundamental guarantee, and in its unification with Socialism with Chinese characteristics’s great practice".

　　Socialism with Chinese characteristics Road is the only way to realize China’s socialist modernization and create a better life for the people. Socialism with Chinese characteristics Road not only insists on taking economic construction as the center, but also comprehensively promotes economic construction, political construction, cultural construction, social construction, ecological civilization construction and other aspects; Adhere to the four cardinal principles and reform and opening up; It not only emancipates and develops social productive forces, but also gradually realizes the common prosperity of all people and promotes the all-round development of people. This road is neither "traditional" nor "foreign" nor "westernized", but our "original creation" and a right path on earth. Only this road, and no other road, can lead China to progress and realize people’s well-being.

　　Socialism with Chinese characteristics’s theoretical system is the latest achievement of Marxism in China, including Deng Xiaoping Theory, Theory of Three Represents and Scientific Outlook on Development. This theoretical system has written a "new version" of scientific socialism, which is a contemporary China Marxism deeply rooted in China and in line with the reality of China. It has a relationship of persistence, development, inheritance and innovation with Marxism–Leninism and Mao Zedong Thought. Marxism–Leninism and Mao Zedong Thought must not be lost. If they are lost, they will lose their roots. At the same time, we must focus on the practical problems of China’s reform, opening up and modernization, what we are doing, the application of Marxist theory, theoretical thinking on practical problems, new practice and new development. In contemporary China, adhering to Socialism with Chinese characteristics’s theoretical system means truly adhering to Marxism.

　　The Socialism with Chinese characteristics system, which insists on organically combining the basic political system, the basic political system with the basic economic system, various institutional mechanisms and other specific systems, organically combining the democratic system at the national level with the grass-roots democratic system, and organically combining the party’s leadership, the people being the masters of the country, and governing the country according to law, conforms to China’s national conditions, not only adheres to the fundamental nature of socialism, but also draws lessons from the beneficial achievements of institutional construction at home and abroad, which embodies the characteristics and advantages of Socialism with Chinese characteristics, and is the fundamental institutional guarantee for China’s development and progress.

　　It should be noted that the Socialism with Chinese characteristics system is distinctive and efficient, but it is not perfect and mature, and needs to be constantly improved. In 1992, Comrade Deng Xiaoping pointed out in his important talk on inspecting the south: "I’m afraid it will be another 30 years before we can form a set of more mature and stereotyped systems in all aspects." We should persist in theoretical innovation based on practice to promote institutional innovation, adhere to and improve the existing system, proceed from reality, formulate some new systems in time, and build a systematic, scientific, standardized and effective system, so as to make all aspects of the system more mature and stereotyped, and provide more effective institutional guarantee for winning new victories in Socialism with Chinese characteristics.

　　3. Socialism with Chinese characteristics is socialism, not anything else.

　　Socialism with Chinese characteristics is a scientific socialism rooted in the land of China, reflecting the wishes of China people and adapting to the development and progress of China and the times. If socialism is a magnificent and ups-and-downs symphony through the course of high tide and low tide, success and setbacks, then Socialism with Chinese characteristics is the colorful movement of this magnificent symphony.

　　In his speech at the seminar on studying and implementing the spirit of the 18th CPC National Congress, General Secretary of the Supreme Leader pointed out: "Our Party has always emphasized that Socialism with Chinese characteristics not only adheres to the basic principles of scientific socialism, but also endows it with distinctive China characteristics according to the conditions of the times. That is to say, Socialism with Chinese characteristics is socialism, not anything else. " What kind of doctrine a country implements depends on whether this doctrine can solve the historical problems facing this country. During the period when the Chinese nation was poor and weak, all kinds of doctrines and ideological trends were tried, and the capitalist road did not work out. Reformism, liberalism, social Darwinism, anarchism, pragmatism, populism, and trade unionism all "you sing and I come on stage", but they failed to solve the future and destiny of China. It was Marxism–Leninism and Mao Zedong Thought who led the people of China out of the long night and established a new China. It was Socialism with Chinese characteristics who made China develop rapidly.

　　Practice is the hardest standard, and how the road goes depends on the facts. Over the past 60 years since the founding of New China, especially over the past 30 years of reform and opening-up, China’s economic strength and comprehensive national strength have been greatly improved, people’s lives have been significantly improved, and its international status has been unprecedented. From 1979 to 2012, the gross domestic product grew at an average annual rate of 9.8%, much higher than the average annual growth rate of 2.8% in the world economy during the same period, and the total economic output jumped to the second place in the world, successfully achieving a leap from a low-income country to an upper-middle-income country. Such development and great changes are rare in the history of human development. General Secretary of the Supreme Leader pointed out: "China today is very different from China before the founding of New China and China after the Opium War!" Compared with some countries in Europe and America trapped in financial crisis and debt crisis, compared with some developing countries trapped in development trap, compared with some countries in West Asia, North Africa and political turmoil and social chaos, China’s development can be said to be unique in the scenery. Facts have eloquently proved that Socialism with Chinese characteristics has taken the right and good road.

　　In recent years, some public opinions at home and abroad have questioned whether what China is doing is socialism or not. Some people say it is "capital socialism", while others simply say it is "state capitalism" and "new bureaucratic capitalism". These are all completely wrong. We say that Socialism with Chinese characteristics is socialism, that is, no matter how we reform and open up, we have always adhered to the Socialism with Chinese characteristics Road, Socialism with Chinese characteristics Theory System and Socialism with Chinese characteristics System, and adhered to the basic requirements put forward by the 18th National Congress of the Communist Party of China to win new victories in Socialism with Chinese characteristics. This includes adhering to the Four Cardinal Principles, persisting in reform and opening up, liberating and developing social productive forces, building socialist market economy, socialist democratic politics, advanced socialist culture, socialist harmonious society and socialist ecological civilization, promoting people’s all-round development, gradually realizing the common prosperity of all people, and building a prosperous, strong, democratic, civilized and harmonious socialist modern country under the leadership of the Communist Party of China. Including the basic political system of adhering to the people’s congress system, the system of multi-party cooperation and political consultation led by the Communist Party of China (CPC), the system of regional ethnic autonomy and the system of grass-roots mass autonomy, the socialist legal system with Chinese characteristics, the basic economic system with public ownership as the main body and the common development of various ownership economies. General Secretary of the Supreme Leader pointed out: "These are the contents that embody the basic principles of scientific socialism under the new historical conditions. If we lose these, it will not be socialism."

　　"The elders who seek wood must consolidate their roots; Those who want to flow far away must dig their fountains. " It is not easy to find a good road, and it is even more difficult to take this road well. In the past, we copied the notebook, imitated others, experienced confusion and setbacks, hit a wall again and again, woke up again and again, practiced again and again, and made breakthroughs again and again, and finally embarked on a road to success in Socialism with Chinese characteristics. Now, some people talk about this road and that road, some want to pull back to the old road, and some want to lead to the wrong road; Some are misunderstandings and some have ulterior motives. Socialism with Chinese characteristics this road, we see, identified, we must unswervingly go on. We should learn from all the achievements of civilization created by human society with an open mind, but we should not forget our ancestors and copy the development models of other countries. We must always remain sober and firm, maintain a strong determination to move forward, neither take the old road of being closed and rigid, nor take the evil road of changing the flag, not be afraid of any risks, not be confused by any interference, and truly "persevere after thousands of blows, and let the east, west, north and south wind."

　　4. Correctly understand the two decades before and after the reform and opening up.

　　The road comes step by step. In December 2013, General Secretary of the Supreme Leader pointed out at the symposium to commemorate the 120th anniversary of Comrade Mao Zedong’s birth: "We must not forget the road we have traveled when we move forward; No matter how far you go, you can’t forget the past. " Marked by the Third Plenary Session of the Eleventh Central Committee of the Communist Party of China, our party leads the people in the practical exploration of socialist construction, which is mainly divided into two historical periods: before and after the reform and opening up.

　　Some people are still vague about the relationship between the two historical periods before and after the reform and opening up. For example, some people think that China’s economic and social development has made great achievements in the past 30 years since the reform and opening up, and there have been mistakes such as the "Cultural Revolution" in the previous 30 years, so the last 30 years are used to deny the first 30 years. Some people think that there have been many new contradictions in China’s economic and social development since the reform and opening up, and even think that the Socialism with Chinese characteristics road we have taken has deviated from the socialist direction, so we use the first 30 years to deny the last 30 years. A correct understanding of the relationship between the two decades before and after the reform and opening up determines whether we can correctly evaluate the history of the Communist Party of China (CPC) for more than 90 years and New China for more than 60 years, which is related to the success or failure of Socialism with Chinese characteristics’s cause.

　　On this issue of right and wrong, we should have a very clear and firm understanding. In his speech at the seminar on studying and implementing the spirit of the 18th CPC National Congress, the General Secretary of the Supreme Leader pointed out that "these are two interrelated and significantly different periods, but in essence they are all practical explorations of our party leading the people in socialist construction". Socialism with Chinese characteristics was created in the new historical period of reform and opening-up, but it was also created on the basis that the basic socialist system has been established in New China for more than 20 years. On how to correctly understand this issue, the Supreme Leader General Secretary made a profound exposition from three aspects.

　　First, if our Party did not resolutely decide to implement reform and opening up in 1978, and unswervingly push forward reform and opening up, and unswervingly grasp the correct direction of reform and opening up, socialist China would not have such a good situation today, and it might face a serious crisis. At the same time, if the new China was not established in 1949 and socialist revolution and construction were carried out, important ideological, material and institutional conditions and positive and negative experiences were accumulated, it would be difficult for the reform and opening up to advance smoothly.

　　Second, although there are great differences in ideological guidance, principles and policies and practical work in socialist construction between these two historical periods, they are by no means separated from each other, let alone fundamentally opposed. Many correct ideas put forward by the Party in the practice of socialist construction, although not really implemented at that time, have been really implemented after the reform and opening up, and will still be adhered to and developed in the future. Marx said long ago: "People create their own history, but they don’t create it at will, not under the conditions they choose, but under the conditions they meet directly, which are established and inherited from the past." We can’t use today’s conditions of the times, the level of development and the level of understanding to measure and demand our predecessors, and we can’t demand our predecessors to do what only future generations can do.

　　Third, we should correctly evaluate the historical period before the reform and opening up, and we should not use the historical period after the reform and opening up to deny the historical period before the reform and opening up, nor can we use the historical period before the reform and opening up to deny the historical period after the reform and opening up. The exploration of socialist practice before the reform and opening up has accumulated conditions for the exploration of socialist practice after the reform and opening up, which is the persistence, reform and development of the previous period. To explore the socialist practice before the reform and opening up, we should adhere to the ideological line of seeking truth from facts, distinguish the mainstream from the tributaries, uphold the truth, correct mistakes, carry forward experience and learn lessons, and push forward the cause of the party and the people on this basis.

　　Correctly understanding and handling the relationship between socialist practice and exploration before and after the reform and opening up is not only a historical issue, but also a political issue. The ancients said: "If you destroy a country, you must first go to its history." In recent years, hostile forces at home and abroad have often made a fuss about the revolutionary history of China and the history of new China, and tried their best to attack, vilify and slander. The fundamental purpose is to confuse people’s hearts and incite the overthrow of the Communist Party of China (CPC)’s leadership and China’s socialist system. If this major political issue is not handled well, it will have serious political consequences. Why did the Soviet Union disintegrate at the beginning? Why did the CPSU collapse? An important reason is to completely deny the history of the Soviet Union and the Communist Party of the Soviet Union, to deny Lenin and Stalin, to engage in historical nihilism, and to confuse thoughts.

　　History is history, and history cannot be chosen arbitrarily. The history of a nation is the basis for a nation to settle down. No matter what twists and turns have occurred, no matter what hardships and difficulties have occurred, the history of civilization of the Chinese nation for more than 5,000 years, the history of struggle of China people for more than 170 years since modern times, the history of struggle of the Communist Party of China (CPC) for more than 90 years and the history of development of People’s Republic of China (PRC) for more than 60 years are all written by the people. Summing up and drawing lessons from history aims at learning from history and making better progress. To firmly establish a correct view of history, we must neither cut off history nor empty it. We must insist that the victory of the new-democratic revolution must not be lost, the achievements of the socialist revolution and construction must not be denied, and the direction of reform, opening up and socialist modernization must not be shaken.

　　5. Continue to write this great article by Socialism with Chinese characteristics.

　　Responsibility is more important than Mount Tai, and the cause has a long way to go. Socialism with Chinese characteristics is constantly developing and advancing, and it needs generations of the Communist Party of China (CPC) people to lead the people to continue their struggle. General Secretary of the Supreme Leader pointed out: "Upholding and developing Socialism with Chinese characteristics is a great article, and Comrade Deng Xiaoping has defined the basic ideas and principles for it. The third generation of the party’s central leading collective with Comrade Jiang Zemin at the core and the CPC Central Committee with Comrade Hu Jintao as the general secretary have written wonderful chapters on this great article. Now, the task of our generation of communist party people is to continue to write this big article. " This is the solemn declaration of the new central collective leadership.

　　Socialism with Chinese characteristics is an unprecedented great cause, and the road ahead cannot be smooth sailing. After decades of theoretical and practical exploration, our understanding of socialism and our grasp of Socialism with Chinese characteristics’s laws have reached an unprecedented new height, which is beyond doubt. At the same time, we should also see that China’s socialism is still in the primary stage, and we still face many unclear problems and unsolved problems, and our understanding and handling of many major issues are still in the process of deepening, which is beyond doubt. It takes a process to understand things, but our understanding and grasp of socialism, which we have only been engaged in for decades, is still very limited. The more advanced and developed the cause, the more new situations and problems will be, the more risks and challenges will be faced, and the more unpredictable things will be faced. All these require us to explore boldly and deepen development in practice.

　　In June, 2013, General Secretary of the Supreme Leader stressed in the seventh collective study in the Political Bureau of the Central Committee that in the face of the new requirements of the development of the cause of the party and the state, we should review the glorious course that the party and the people have gone through together, improve our understanding of upholding and developing Socialism with Chinese characteristics, and continue to push forward the cause of the party and the state under the new historical conditions.

　　First, we must stick to our own path. No matter revolution, construction or reform, the road problem is the most fundamental problem. Combining the universal truth of Marxism with the concrete reality of our country and taking our own road is the basic conclusion that generations of the Communist Party of China (CPC) people emancipate their minds, seek truth from facts, keep pace with the times, go through difficulties and twists and turns, and make great sacrifices in the great practice of people creating history. The period of new democratic revolution came like this, the period of socialist revolution and construction came like this, and so did the new historical period of reform and opening up. The General Secretary of the Supreme Leader pointed out: "Standing on the vast land of 9.6 million square kilometers, sucking the cultural nutrients accumulated by the long struggle of the Chinese nation, we have the majestic power of 1.3 billion China people to gather, and we go our own way, which has an incomparably broad stage, an incomparably profound historical heritage and an incomparably strong determination to move forward." After more than 30 years of exploration and practice, the people of China have found, adhered to and expanded the road of Socialism with Chinese characteristics. Now the most important thing is to unswervingly follow this road, keep pace with the times and expand this road, so as to promote the road of Socialism with Chinese characteristics to become wider and wider.

　　Second, we must conform to the general trend of the world. "The trend of the world is vast. If you follow it, you will prosper, and if you go against it, you will die." Correctly handling the relationship between China and the world is a major issue concerning the success or failure of the Party’s cause. The birth of the Communist Party of China (CPC), the establishment of socialist China and the implementation of reform and opening up are all the results of conforming to the general trend of world development. How did the reform and opening up come about? The key point is that our party correctly judges the general trend of the world and establishes the understanding that peace and development are the themes of the times. Only with the shift of the work center of the party and the state can the new period of reform and opening up be opened. With the profound and complex changes in the world today and the unprecedented close contact and interaction between China and the world, it is even more important to pay close attention to the development and changes of the international situation, grasp the general trend of the world, coordinate the two overall situations at home and abroad, and grasp the initiative and win development in the trend of the times.

　　Third, it must represent the fundamental interests of the overwhelming majority of the people. The reason why our Party has been supported and supported by the people for more than 90 years is fundamentally because it can always represent the fundamental interests of the overwhelming majority of the people in China, that is, it insists that the masses are real heroes, respects the people’s initiative, and mobilizes and organizes the people to devote themselves to the great cause led by the Party. Our party leads the people to fight local tyrants and divide the land, which is to fight for the fundamental interests of the people; Leading the people to carry out War of Resistance against Japanese Aggression and drive away the Japanese aggressors is a struggle for the fundamental interests of the people; Leading the people to overthrow the Chiang family dynasty and establish a new China is a struggle for the fundamental interests of the people; Leading the people to carry out socialist revolution and construction and change the country’s poor and white appearance is to fight for the fundamental interests of the people; Leading the people to carry out reform and opening up and promote socialist modernization is also a struggle for the fundamental interests of the people. On the way forward, as long as our party always insists that the interests of the people are above everything else and closely relies on the people, it will always be invincible.

　　Fourth, we must strengthen the party’s own construction. In all historical periods of revolution, construction and reform, our party attaches great importance to strengthening its own construction. While doing a good job in the daily work of Party building, we have successively carried out study and education practice activities such as rectification, party consolidation, "Three Stresses", Theory of Three Represents, the Party’s advanced nature, Scientific Outlook on Development and the Party’s mass line, which have played a very important role in maintaining the Party’s advanced nature and purity and improving its leadership and ruling ability. The development of the situation, the development of the cause and the expectations of the people all require us to comprehensively promote the new great project of party building with the spirit of reform and innovation and comprehensively improve the scientific level of party building. We should enhance our sense of urgency and responsibility, firmly grasp the general requirements of Party building, constantly improve the Party’s leadership and ruling level, and improve its ability to resist corruption, change and risks, so that our Party will always be in the forefront of the times in the historical process of profound changes in the world situation, become the backbone of the people throughout the country in the historical process of coping with various risks and tests at home and abroad, and become a strong leadership core in the historical process of upholding and developing Socialism with Chinese characteristics.

　　Fifth, we must strengthen Socialism with Chinese characteristics’s self-confidence. Socialism with Chinese characteristics’s road, theoretical system and system have been achieved through the long-term struggle of the whole party and the people of all nationalities, and have also been tested by long-term practice. Our confidence in Socialism with Chinese characteristics comes from practice, from the people and from the truth. General Secretary of the Supreme Leader pointed out: "In today’s world, if any political party, country or nation can be confident, then the Communist Party of China (CPC), People’s Republic of China (PRC) and the Chinese nation have the most reasons to be confident." On the basis of thoroughly grasping Socialism with Chinese characteristics’s scientificity and truth, we should strengthen our road confidence, theoretical confidence and institutional confidence, constantly create a new situation in Socialism with Chinese characteristics’s cause, and constantly hand over the qualified papers for adhering to and developing Socialism with Chinese characteristics.

　　People’s Daily (14th edition, July 2, 2014)

Breaking Away, like many Hollywood second-rate movies, has no bright spots.

　 　 1905 movie network news The China element in it still stays in the stage of westerners’ curiosity about unknown China. After adding these China elements, the film becomes more nondescript, especially for Chinese audiences, as if watching a big joke. Even with the participation of Chinese stars such as Liu Yifei, this film is still very mediocre, like many second-rate Hollywood movies, with no bright spots. Interestingly, if Liu Yifei and others didn’t join us, even the Chinese audience wouldn’t pay attention to it, and it would be a neglected bad film, which seems even more pitiful.

　 　 This movie is doomed to be bad. As early as a year ago, when it was also called "Breaking Away", it was already determined to be a disaster — — No matter from the material selection or lineup, almost no link in the film is reassuring. "Desperate Escape" tells the story of a western warrior who rescues a Chinese princess and runs away all the way. The plot of the combination of soil and ocean was unreasonable from the beginning. In terms of lineup, Nicolas Cage has already changed from the Oscar winner of that year to the now recognized king of bad movies and box office poison, including the new shaman performance style he created, which is just a roaring Yan Yi party; After the new Star Wars, hayden christensen, the real hero, lost his career all the way, and now it is almost difficult to enter the mainstream Hollywood film industry. As for Liu Yifei, the heroine, she has many fans, but her film career is really worrying. From the beginning to the end, as well as the "Four Famous Arrests" series, the quality of her works is always not flattering, and this time, it is just an addition to her bad film resume.

Without the participation of Liu Yifei and others, even the Chinese audience would not pay attention to this film.

　 　　Even the release of the film was a bumpy ride. It was originally planned to be released at the end of September last year, but it was repeatedly adjusted. It was not until this week that the release was really confirmed. Including the title, it was also secretly changed from Breaking Away to Breaking Away from the Legend of the White Ghost, although I still don’t know what this white ghost really means. However, the title structure of so-and-so has basically become the label of cinema films.

　 　　Objectively speaking, "The Legend of the White Ghost" is not bad enough. At least compared with many wonderful films in China, this film is also quite limited in creativity, which can only be regarded as mediocre and not novel enough. In fact, the film uses a classic plot setting. The fallen prince and princess are chased by the bad guys all the way, and the heroic warriors protect their desperate escape. After going through hardships and dangers, they defeat the bad guys, and justice can be declared. Classic also means cliche. This story has been copied or mutated too many times, and this one has not made any new ideas. The development of the story all the way is expected by the audience, and it is doomed to love each other. Most of them will be sad and mediocre.

　 　　For the mainland audience, what is really unacceptable is the mix of Chinese and Western elements. The film’s understanding of the Chinese world is roughly still in the early stage of curiosity-seeking, the struggle for power and power between royal palaces, the mysterious warrior of China, and the struggle between the imperial seal and the throne. Western Crusaders came to China to rescue the princess, which changed history. This kind of story looks like a sci-fi plot in parallel space. However, the actors are really acting in a fake way, which is also very interesting. Including which actors are called Lian and Zhao, it is obviously not our habit to address people.

　 　　The mix of Chinese and western elements is not a precedent. Such a combination is nothing more than an all-star lineup, which can cheat more box offices around the world. Just like Jackie Chan’s performance a while ago, it’s also a story about the nonsense of overhead history. However, "Heavenly Master" can at least use some thoughts on the plot, and there is a family class in action, so there is always something to watch. "Breaking Away" is basically a mix of Chinese and western nonsense, coupled with the conventional plot, mediocre action scenes, the film has few merits.

　 　　However, even if we hate this mix of Chinese and western styles, it will inevitably become a trend of Chinese cinema films. With the gradual expansion of the Chinese film market, Hollywood pays more and more attention to this huge market, and more and more films are co-produced. At the same time of co-production, how to make co-production films better integrate into the category of Chinese films is always a problem. So far, we haven’t seen a very reliable co-production of China elements, most of which are exotic things, which can neither please the western audience nor gain much recognition in Chinese. Perhaps the most ideal way is to introduce more advanced Hollywood concepts and experience in film industry production, but foreigners should not be allowed to dominate the creation itself. After all, artistic creation still needs to support local young creators, because they know China best and ultimately the audience’s preferences, which can help the mainland reduce some exotic films that mix Chinese and Western.

CCTV News:New spring, new departure, high-quality development ushered in a steady start. At the press conference of the Second Session of the 14th National People’s Congress held on March 4th, Lou Qinqin, spokesman of the conference, said that the favorable conditions for China’s development are stronger than the unfavorable ones, and the basic trend of economic recovery for the good and long term has not changed, so we have enough confidence and confidence.

Under the "zero tariff" policy of Hainan Free Trade Port, the value of goods enjoyed exceeds 20 billion yuan.

The reporter learned from Haikou Customs that since December 2020, three lists of "zero tariff" raw materials, vehicles, yachts and self-use production equipment in Hainan Free Trade Port have been implemented one after another. By the end of February this year, goods imported under the "zero tariff" policy reached 20.2 billion yuan, and taxes were reduced or exempted by 3.81 billion yuan.

5.5G is expected to be commercialized on a global scale this year.

The world’s first 5G-A, that is, the 5.5G full-range and full-scenario solution developed by Huawei, has been officially released recently, which has greatly improved in terms of capacity, speed, delay, positioning and reliability, and is expected to achieve low-cost 100 billion IOT. At present, the scheme is being tested by several key operators in China, the Middle East, Asia-Pacific and Europe, and it is expected to be commercialized on a large scale in the world this year.

The most intuitive experience brought by 5.5G is "fast". The maximum download rate of 5.5G data will be increased from Gigabit to 10Gigabit, which can support the large bandwidth, low delay and high possibility required by innovative services such as augmented reality and naked-eye 3D, and the maximum upload rate of data will also be increased from 100Mbit to Gigabit, which can support the comprehensive cloud access of massive data, the popularization of live broadcast, and the symmetrical experience of holographic interaction.

In addition, there are many new functions in 5.5G. For example, 5.5G supports full-scene, full-capacity and 100 billion-connection, which can be connected from industrial-grade high-speed to large-scale passive IOT. 5.5G will also support millisecond delay and achieve centimeter-level positioning accuracy.

Wuxi, Jiangsu Province launched "Ten Measures to Facilitate Foreigners’ Coming to Tin"

On March 2,

The Wuxi Municipal Government held a press conference to introduce the Ten Measures for Facilitating Foreigners’ Coming to Wuxi. Among them, the six facilitation scenes focus on foreigners’ entry and exit, payment, residence and travel, etc. At the same time, a number of demonstration units for foreigners’ convenience window will be built, including promoting the construction of 10 demonstration business districts for foreign card acceptance, 100 demonstration units for foreign service and 1,000 friendly scenes for foreigners, so as to provide foreigners with more convenient, efficient and accurate services.

Ministry of Foreign Affairs of China: China will provide a safe, comfortable and convenient travel environment for foreign tourists.

On March 1st, the mutual visa exemption agreement between China and Thailand came into effect. The data shows that on March 1, Thai tourists’ travel orders to China tripled compared with last year, an increase of over 160% compared with 2019. At the regular press conference of the Ministry of Foreign Affairs held on March 4th, spokeswoman Mao Ning said that in order to facilitate the exchange of Chinese and foreign personnel, China has introduced visa-free reservation and other "three reductions and three exemptions" measures, at the same time, it has solved the problem of mobile payment for foreigners, and is committed to providing them with a safe, comfortable and convenient travel environment.

Mao Ning said: "With China’s visa exemption ‘WeChat Moments’ With the continuous expansion, the number of foreign tourists coming to China has increased significantly. During the Spring Festival, the number of inbound tourists reached 3.23 million, and the number of tourists from France, Germany, Malaysia, Singapore and other countries that can enter China visa-free increased significantly. The total number of inbound tourists in these countries during the Spring Festival doubled compared with the same period in 2019. "

At the same time, Mao Ning also said that in order to solve the problem of mobile payment for foreigners, the People’s Bank of China instructed payment institutions to improve the efficiency of card binding, simplify identity verification arrangements and increase the single transaction limit of mobile payment.

Construction of asphalt pavement of tunnel started in deep middle passage.

On the afternoon of March 3, the asphalt pavement construction of the tunnel began in the Shenzhen-China Passage, which marked that the pavement construction of the Shenzhen-China Passage entered the sprint stage.

Pavers, road rollers and other equipment roared in the submarine immersed tunnel with deep middle passage more than 30 meters below Lingdingyang, and the asphalt pavement of the submarine tunnel began to be constructed.

The total pavement construction area of the deep middle passage tunnel is 260,000 square meters. Builders have made multiple guarantees in asphalt material composition ratio and installation and construction facilities and equipment, so as to meet the requirements of durability, anti-sliding, noise reduction, flame retardant and environmental protection of tunnel pavement. It is expected that the asphalt pavement of the tunnel pavement will be completed in April this year.

The deep-middle passage with a total length of about 24 kilometers is a cross-sea cluster project integrating "bridge, island, tunnel and underwater intercommunication". Among them, in January this year, the asphalt pavement of steel bridge deck was completed in Shenzhen-China Passage, and the whole pavement project is scheduled to be completed in April this year.

At present, the Shenzhen-China Passage is fully promoting the construction of electromechanical, traffic safety and ancillary projects, and it is planned to be open to traffic in June. After it is completed and opened to traffic, the journey from Shenzhen to Zhongshan will be shortened from about 2 hours to 30 minutes.

Spring pipes for winter wheat are in full swing everywhere.

Summer grain is the first season of grain production in the whole year. At present, the field management of winter wheat, the main variety of summer grain, has been fully carried out in spring.

This year, the area of winter wheat in China has remained stable. At present, the winter wheat in the middle and lower reaches of the Yangtze River has all turned green, the southwest region is jointing and booting, and the winter wheat in the north has turned green one after another.

四川879万亩冬小麦长势良好，已进入病虫害防控关键期，国家小麦产业技术体系专家正针对品种特性指导农民对症下药。安徽4300万亩冬小麦长势好于常年，当地选派7000多名科技特派员，推广配套丰产技术。针对近期低温，颍上县科技特派员正在指导农民科学追肥促弱转壮。河南8500多万亩冬小麦面积稳、苗情好，当地推广精准水肥一体化管理等增产技术，力促苗情转化。山东6054万亩冬小麦面积增加，苗情好于常年。

今年，农业农村部遴选发布精密播种、水肥精准调控等主推技术296项，支持大面积提升单产。目前已派出8个工作组深入16个冬小麦、冬油菜主产省，开展春季田管指导服务，夯实夏季粮油丰收基础。

新疆：塔里木河迎来大批候鸟

随着天气逐渐转暖，在新疆塔里木河，近十万只绿头鸭、针尾鸭、赤麻鸭、红头潜鸭等水鸟畅游在流域大大小小的湿地，冰雪初融的河面上，成群结队的候鸟悠然嬉戏。作为我国最长的内陆河，塔里木河流域面积达102万平方公里，中下游河道两侧分布着大片原始胡杨林，是绿洲重要的生态屏障。随着当地生态保护治理不断加强，塔里木河也成为了众多鸟类的栖息繁衍之地。

Original medical xiaobai medical pediatric channel

What should I do immediately after a fall?

On duty today, a mother called and asked:

My baby is 4 years old. I was playing with a scooter at home around 2 pm, and I accidentally fell. My head hit the table, but there was no bleeding. At that time, I felt my scalp and bulged a bag. With ice, the lump went down, and the child didn’t say anything else was uncomfortable, so he continued to play. I had a headache at dinner just now, and I felt a little nauseous and nauseous. Do you need to have a head CT?

Open the news web page, enter "children fall" in the search engine, and you can see all kinds of events about children fall.

In real life, the incidents of falls are also endless, and almost every day there are children who come to see a doctor because of "falls" and "bumps".

▋ So, why do babies fall more easily?

Babies under 3 years old often fall down from the corridor due to poor care of adults, or sitting on a high platform without protection, or even teasing young children to throw their hands.

Children aged 5-9 have just left adult care to go out alone, lacking safe and dangerous experience, and often have been involved in risks without knowing it. At the same time, children of this age are curious and active, like to chase and fight, climb high at risk, lack safety self-control, and easily slip and fall in play, causing tragedy.

Children over the age of 10 fall mostly in sports and entertainment, such as falling when they are chasing and playing with classmates during recess, slipping or being knocked down while running in physical education class, or falling on skating or skateboarding.

▋ What factors are related to whether the baby falls seriously or not?

▼ Fall height

The higher the drop, the heavier the injury and the more complicated the injury. The study found that children with falling falls below 3m were mainly fractured limbs; The possibility of head and abdominal organs injury increases for those who fall more than 3 meters.

▼ Landing position

Compared with adults, children’s heads account for a large proportion of their bodies, and when they fall, their body center of gravity moves to the side of their heads, so that their heads often land first; If you fall from a height, trying to stretch your arms to stop the downward impact at the moment of landing often causes upper limb injuries and head injuries to coexist. Therefore, among the fall injuries, children have more brain injuries and limb fractures than adults.

▼ Age and weight also have a certain influence on the injury.

The greater the mass, the greater the impact force on the ground when landing, and the stronger the recoil force on the ground, thus aggravating the damage.

▋ What are the general performances after a fall?

Local hematoma

bleed

Headache, vomiting

agitated

somnolence

Irritate

lags in response

Coma convulsion

Limb movement disorder

▋ What circumstances should I see a doctor in time?

Fall from a height of 1-2m.

Hit by a high-speed flying object

Hit by a high-speed vehicle

Loss of consciousness after a fall or failure to wake up for several minutes

Frequent vomiting

Obvious headache, dizziness, or gradual aggravation of symptoms.

convulsion

Sleepiness after a fall (you can simply answer after waking up and fall asleep soon), poor spirit, blurred consciousness or coma (you can’t wake up)

Hemorrhage of nasal cavity and external auditory canal, ecchymosis behind ear, panda eye

Unresolved emotional excitement, screaming.

A child whose fontanel is not closed, whose fontanel bulges.

Weakness or rigidity of arms and legs, clumsy walking posture, slurred speech, squint or inability to see clearly.

Bleeding

▋ Possibly, 100% treasure mothers would like to know: What should the baby do the first time after a fall?

Although they are worried when they see their children fall or get hurt, they should keep calm.

Never pick it up immediately, wait for a few seconds, remember the baby’s falling posture, so as to judge where the impact is serious, so as to accurately inform the doctor.

At the same time, observe whether the baby is inconvenient to move, so as to judge whether the baby has serious trauma such as dislocation and fracture.

If you see your baby bleeding, be sure to press the wound to stop bleeding, and don’t rub it.

If the wound looks very light, but only scratches a little skin, iodophor can be used to disinfect the wound from the inside out.

If the injured part is swollen, it means that there is subcutaneous bleeding. You can use an ice pack for 20 minutes, and it is best to put a towel between the ice pack and the skin to avoid frostbite.

If the baby vomits, be sure to avoid eating and drinking, and let the baby lie on his side or tilt his head to one side to avoid aspiration.

After a fall, do you need to do a head CT?

Compared with the fracture, the treasure mothers are more afraid of the baby’s head injury, and they are afraid of falling out of their brains, so they always think about whether they need to have a head examination.

For those children who only have a history of trauma or have no clinical symptoms and signs, or have no changes in vital signs, CT examination of the head can be temporarily omitted.

However, parents should still pay attention to the baby’s situation in the next 24-48 hours. If there are any of the above situations that require medical treatment, they should send them to the doctor in time and improve the relevant examinations.

▋ Instead of being wise after the event, prevention is the key!

It is said that nip in the bud, in order to reduce the occurrence of tragedy, we can take the following measures:

Babies under 3 years old must be cared for by special people;

You can’t watch your children while playing with your mobile phone;

Don’t let the baby stay on the bed or chair by himself;

Install a protective mat at the corner of the table at home;

Keep the ground as clean as possible to avoid falling injury caused by toys or carpets;

Windows and balconies at home are locked, and tables and chairs that can be climbed cannot be placed next to them;

In the playground, children are not allowed to play with dangerous game facilities;

For school-age children, be sure to repeatedly tell them to obey the traffic rules before they go out.

So, after reading this article, do you know about the "4-year-old baby needs to do head CT" mentioned at the beginning?

References:

1. Huang Ye-li, Cai Wei-ping, Huo Shi-ying, Yang Gui-e. Research progress on causes and prevention of accidental injuries in children [J]. Journal of Naval General Hospital, 2005(01):41-43.

2. Tan Zongkui, Xu Yongnian, Chen Zhuanghong, et al. Chinese Journal of Pediatric Surgery, 1994; 15(5): 288.

3.Warner KG . Demling RH. Ann Emerg Med,1986; 15:1088.

4. Han Sufang. Diagnostic value and rational application of CT in children with acute craniocerebral trauma [J]. Journal of Practical Medical Imaging, 2002(02):94-95.

Source of this article: Medical Pediatric Channel

Author: Medical Xiaobai

Editor in charge: Li Xiaorong

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[TechWeb] On July 4th, at the launch conference of Tengshi N7 intelligent hunting and running SUV, BYD launched its advanced intelligent driving assistance system "Eye of God", and BYD announced that Tengshi N7 will be equipped with this system.

It is reported that this high-order intelligent assisted driving "Eye of God" system was developed by BYD, and it is the world’s first in-vehicle computing platform designed, developed and produced by the OEM itself.

According to BYD, in terms of intelligent driving, BYD has invested more than 2,000 R&D teams to build its own intelligent driving experimental center.

According to the sales data of Dynasty and Ocean Net under BYD Auto in June 2023, Dynasty sold 130,490 vehicles in June, a year-on-year increase of 51.7%, including 23,206 vehicles in Han and 12,657 vehicles in Tang. This year, 663,695 vehicles were sold, up 59.7% year-on-year. Ocean Net sold 110,045 vehicles in June, including 23,005 seagulls and 31,140 dolphins. This year’s cumulative sales volume is 526,625 vehicles.

Zhang Xuan’ an, founder and CEO of Yixin Group. source map

Another Tencent company has opened the IPO road, and Yixin Group will become the fourth listed company invested by Tencent this year.

Yixin Group (hereinafter referred to as "Yixin"), the largest Internet auto retail trading platform in China, has passed the listing hearing on the main board of Hong Kong and submitted its prospectus to the Hong Kong Stock Exchange on October 29th.

According to the prospectus, Yixin has a strong shareholder lineup, including Tencent (00700.HK), JD.COM (Nasdaq: JD), Baidu (Nasdaq：BIDU), Easy Car (NYSE：BITA), Wang Wei, founder of SF (002352), Dongfang Assets, one of the four state-owned assets companies in China, and well-known venture capital IDG. Among them, Tencent directly and indirectly holds about 33% of Yixin’s shares.

Recently, a number of "Tencent concept stocks" have emerged, including Zhongan Online (06060.HK), Reading Group (which will be listed in Hong Kong on November 8) and sogou, which is going to be listed in the United States.

Zhongan Online is the largest online insurance company in China. In September, it made an IPO in Hong Kong, and the issue price was set at the upper limit of the guidance range, raising $1.5 billion. On the day of listing, the highest increase was 18%, and the public subscription amount of retail investors exceeded 400 times.

Yi Xin has not disclosed the listing fundraising plan. On October 30th, Yixin told The Paper that the company could not make any more comments because it was in the silent period of listing, and everything was subject to the prospectus.

Regarding the positioning and planning of Yixin, Zhang Xuan ‘an, the chairman and CEO of the company, said in an interview with The Paper that Yixin’s positioning is an automotive Internet retail trading platform, and the target model is Ctrip.

Zhang Xu ‘an said that he hopes to provide one-stop services covering the whole life cycle, such as new car trading, second-hand car trading, car installment, car rental, car insurance and after-market service, by integrating its car-washing, Yixin car loan and other apps, and websites in taoche.com and daikuan.com, so as to form a closed-loop service, and let consumers rely on Yixin in every aspect of car consumption.

It took only three years from its establishment to listing: "star" shareholders gave support to traffic and risk control resources.

Yi Xin’s establishment to listing can be described as rocket speed. Yi Xin was first born out of a business unit under Easy Car, and then split into independence in August 2014. Zhang Xuan ‘an is the only one in Yixin’s management who is also the president of Easy Car, and all other management and employees are independent. The back-office departments of the company’s business, brand, App and website are also completely independent.

Since then, every financing has been supported by giant companies such as Tencent, JD.COM and Baidu. Among them, Tencent has the strongest momentum. In addition to the large shareholding of Tencent mentioned above, among the four non-executive directors, there are James Gordon Mitchell, chief strategy officer of Tencent, and Jim Lai, head of Tencent Financial Technology Group. JD.COM and Baidu appointed one person respectively.

People close to Yixin told The Paper that Yixin’s rapid development in just a few years could not be separated from the support of several major shareholders such as Tencent in traffic, risk control system and the construction of "one person, one car" account system.

For a long time, cars, as the second highest-priced low-frequency consumer goods after real estate, have made the online car platform’s customer acquisition cost and channel cost high, and the ability to integrate resources such as traffic and capital is extremely high, forcing many companies to bring huge sums of money to enter the market to attract users by advertising or subsidies, and many former "star" companies have fallen on the road of burning money crazily.

When Yixin started, the problems of users were mostly solved by shareholders. Yi Xin, with the idea of opening up the ecology, does not advertise or establish a closed account system, but directly diverts users from Tencent, Baidu and JD.COM.

According to the prospectus, Yixin’s own website and App have accumulated more than 50 million monthly active users, and the demand for car purchases operated by online platforms in a single month has reached 90 billion yuan.

However, acquiring users and activating transactions are only the first level of cooperation between Yixin and shareholders. According to the prospectus, Yixin will do more product-level mining around the current "people+cars" database to realize the transformation from the trading platform level to the traffic realization level. Industry analysts told The Paper that this actually means that Yi Xin wants to cut more into users’ life scenes.

In an interview with The Paper, Zhang Xu ‘an said that Yi Xin will make efforts to interact with tens of millions or even hundreds of millions of account systems such as Tencent JD.COM in the future. For example, Yixin not only has an entrance in QQ wallet, but also aims at personal tailor products of middle and high-end users who pay for QQ for a long time. Whether it is music, e-books, car washing, car use, etc., Yixin users can use one account smoothly without going through other intermediate links.

In addition to deep bundling in the user car scene, at the risk control level, Yixin has built several sets of intelligent models with partners such as shareholders, and analyzed the behavior, search, consumption, location and other data of automobile consumers by establishing the largest "people+cars" database in China, reducing operational risks. According to the prospectus, the 180-day overdue rate of Yixin’s platform is 0.23%, and the 30-day overdue rate is 0.89%, which is at a low level.

The car trading platform model went through: the net profit in the first half of the year was 261 million

The competition of internet car trading platform is becoming increasingly fierce.

In September 2017, Renren announced the completion of a new round of financing of 200 million US dollars. In August, Youxin Group announced that it had obtained $500 million in financing. In June, the used car of melon seeds announced that it had received over $400 million in B round financing, and Chezhibao announced that it had received 500 million yuan in C+ round financing.

However, a series of financing also makes the market worry, can such a crazy money-burning model continue?

As the "first stock of new automobile retail", Yixin’s listing made the market see the operation data from the automobile trading platform model for the first time.

From the business composition, Yixin has two major businesses: trading platform and self-financing According to the prospectus, Yixin’s income in 2014, 2015 and 2016 in the last three years was 47.99 million yuan, 271 million yuan and 1.488 billion yuan, with a compound annual growth rate of 457%; Among them, from the trading platform business launched in 2016 to the first half of 2017, the trading platform business has accounted for 45% of the total new revenue. This also directly promoted Yixin’s income in the first half of 2017 to 1.551 billion yuan, an increase of 240% compared with the same period of last year.

It is worth noting that Yixin has achieved profitability. The company’s adjusted net profit in the last three years was 3.78 million yuan, 65.603 million yuan and 99.665 million yuan respectively; The adjusted net profit for the first half of 2017 was 261 million yuan.

According to the prospectus, the transaction volume in the first three quarters of this year alone has reached 300,000. As of September 30, 2017, the cumulative management fleet exceeded 500,000 vehicles.

An auto e-commerce industry veteran told The Paper that those who do auto finance now want to get involved in the field of auto trading, while those who do auto trading are doing their own auto finance. These two directions have their own advantages and disadvantages, but no matter which way, in the decade when the Internet is flying, players have entered all fields of food, clothing, housing and transportation, but the automobile retail trading sector has not appeared ashore in the market where many players play. The potential of automobile and automobile aftermarket is still huge, and there will continue to be entrants in the future, and capital will flock to it.

Jost Sullivan, a consulting firm, judged that the value chain of China’s automobile industry is "networked", and the Internet platform can expand the opening scope of the automobile retail trading market to consumers, improve the trading efficiency, promote more effective matching of supply and demand and innovate the traditional trading process. They predict that the number of Internet car retail transactions will reach 5.4 million in 2021, and the compound annual growth rate from 2016 to 2021 will be 39.2%.

Just now, all major Internet car trading platforms are fighting for financial strength, traffic advantages, multi-channel layout, risk control capabilities, etc. What is Yixin’s killer weapon?

The above-mentioned people close to Yixin told The Paper that Yixin’s positioning of its development strategy on the platform of Benchmark Ctrip is actually a transition strategy from self-management to openness and self-management. This strategy will absorb more resources in the industrial chain, such as accessing more car services, including charging piles and battery services for new energy vehicles, and build an "Andriod system" for automobile aftermarket services, which will be packaged in every different individual transaction, forming an automobile trading ecosystem.

"Once the big ecology is established, the customer base will continue to flow, generating multiple values, and the scale effect will become increasingly prominent, strengthening profitability." Zhang Xuan’ an said earlier.

Since its release on the first day of the New Year, Nezha’s Devil Boy Naughties the Sea (hereinafter referred to as Nezha 2) has been making great strides at the box office. By 12: 00 on February 9, the box office had exceeded 7.5 billion yuan, making it the first film in the global single market with a box office exceeding 1 billion dollars. This happened at the time node of the 120th anniversary of the birth of China film and the 130th anniversary of the birth of the world film, which greatly boosted the confidence of the industry, showed the vitality of film art iteration, and enhanced the cultural confidence of Chinese people. During the Spring Festival holiday, "Nezha 2" is contested by many people, which not only shows that it has become a cultural phenomenon, but also means that it should be brought into the research field of vision, and the reasons for its success should be analyzed, which will bring more inspiration to China’s film creation and the development of new mass literature and art..

Nezha 2 marks the arrival of a new stage of China Animation School. In the last century, represented by a series of classic works by Shanghai Animation Film Studio, China Animation School was loved by Chinese people and attracted worldwide attention. However, the mode of creation and production at that time could not adapt to the development speed of contemporary film industry and meet the needs of contemporary film audiences, and it encountered bottlenecks after its glory. Entering a new era, with the deepening of the reform of China’s film industry, thanks to China’s economic and social development, scientific and technological progress, the prosperity of the cultural market and the accumulation of film talents, China’s animation industry has gained new resources and strength and ushered in new development opportunities. A group of young filmmakers and new film companies who love animation have emerged, and a large number of animation audiences in China responded enthusiastically.

Nezha 2 makes us realize that Chinese culture has a very long, rich and heavy ideological resources. In the film, the enchanted beast inspired by Sanxingdui civilization, the gigantic Tianyuan tripod and the bronze mirror ornamentation on the case of the stone maiden take the audience back to the bronze age in China’s history, which was a fierce, gluttonous, primitive, naive and simple human childhood. In the plot, the mixed pearl is divided into two parts, and the magic pill and the spirit pearl grow up separately, which leads to a series of stories. This basic setting is in the same strain as the fable in Zhuangzi that chaos was artificially cut open and died. The battle scene between the fairy and the devil in the film continues the awakening theme of the classic cartoon "What makes the sea" in 1979.

As for the multiple clues of the plot, the beauty and ugliness of the modeling design, and the harmony of the characters, it seems to be too much and too messy. However, if we look back at the Yuan Zaju and the popular novels of the Ming and Qing Dynasties, we will realize that the romance and power of the secular torrent are enough to push the narrative forward. The film continues this secular aesthetic that people like to see and hear, and integrates it with innovation, tempering and recreating. In fact, we can also find some influences of western animation and Japanese animation from Nezha 2. The western culture that has entered China since modern times has been used in the construction of contemporary culture in China, which is one of the cultural stories in the process of Chinese modernization.

"Nezha 2" makes us notice that the growth of China New Force filmmakers has entered a new stage of cultural and ecological development. On the one hand, the strength of the new generation of literary and art workers lies in their profound experience and understanding of China’s reality, society and life, and finally transformed into a new artistic language. Many young viewers found their own shadows in Nezha 2. They regarded Taiyi as a desperate programmer, regarded Nezha’s hard thorn as a past pain, regarded Mrs. Yin’s embrace as a redemption brought by great love, and regarded Qi Xin’s struggle to break the cauldron as a struggle to create the future … … So there was a deep empathy and resonance. It can be seen that if the myths and fantasies that seem to be unconstrained, if you want to convince and love the audience, you can’t leave the down-to-earth realistic spirit and the realistic feelings of empathy.

On the other hand, the filmmakers of New Power consciously carry out the practice of art cross-border, media integration, technology upgrading and mutual learning of civilizations, and show a systematic trend. In "Nezha 2", the fragment of the battle between the soil and fat slope and the woodchuck, and the colorful wonders rendered by the ink particle technology are all supported by peers. Force Digital Technology, a well-known company in the industry, even "stopped" its own projects to ensure the completion of part of its work on Nezha 2. The belief that "unity is strength" has increasingly become the consensus of China film industry. Whether it is the individual creator, studio or enterprise, they have gone through the stage of individual combat and individual camp, and consciously moved towards a benign ecology of cooperation, resource sharing, industry expansion and overall win-win.

Nezha 2 tells a good story, and the birth and popularity of Nezha 2 is also a good story. The former belongs to the creator, and it is a creative individual; The latter belongs to China’s animation, movies, science and technology, etc. They constitute a larger subject, that is, new popular literature and art and new cultural atmosphere. "Debate over Six Qi" is not small; "Take advantage of the right of heaven and earth", the big one will be bigger. The distant place of China culture, the future of China films, will be held in Wan Li. (Author: Zuo Heng, director and researcher of film culture research department of China Film Archive)

People’s Daily (20th edition, February 11th, 2025)

Source: Moscow Times

　　Overseas Network December 18th　Recently, an office photo of Russian President Vladimir Putin was exposed. As can be seen from the photo, Putin’s office computer still uses Windows XP system, and this detail has caused heated discussion.

　　Comprehensive Moscow Times and Guardian reported on 17th that a news photo released by the Kremlin showed that Windows XP was still installed on the computer desktop of Putin’s office.

　　According to the report, Microsoft officially stopped technical support for Windows XP and Office 2003 in April 2014, focusing on the updated operating system, and reminded users that if they continue to use Windows XP, they will be more vulnerable to virus attacks.

　　Kremlin spokesman peskov did not publicly explain to the media why the Kremlin has not updated the operating system of Putin’s computer. Foreign media speculated that the Russian government imposed restrictions on foreign software used by officials, which may be the reason why Putin’s computer did not update its system. It is unclear how much threat Putin’s computer uses Windows XP to Kegong’s network security.

　　According to the export control documents of the Russian Ministry of Defense, Windows XP has been certified by the Russian Technology and Export Control Bureau, and it is the last Microsoft operating system used by Russian government agencies. Windows 10 is only approved for computers that do not contain state secrets.

　　On December 2, Putin signed a law prohibiting the sale of smart phones, computers, etc. without pre-installed software specified by the Russian government. Putin also signed a law on the same day, stipulating that website operators must store Russian user data on data processors in Russia. Legal persons or individuals who violate this regulation and refuse localization will face fines. The law will take effect from July 1, 2020.

　　According to the report, Russia plans to let computers of all government agencies and "strategic" companies use domestic operating systems to replace the software of Microsoft and Apple by 2025-2030.

　　In addition to computers, the mobile phone used by Putin is also the focus of attention. A number of Russian media have previously exposed Russian President Vladimir Putin’s "secret of mobile phone", saying that Putin has a special mobile phone, which is thicker than ordinary smart phones and has several levels of protection measures, including settings to prevent signal theft and eavesdropping. (Sharla Cheung)

　　Tomorrow, our mobile phone will be screened by Buffett again!

　　At 22:15 Beijing time on May 4th, the annual shareholders’ meeting of Berkshire Hathaway will be held in Omaha, USA. It is estimated that about 30,000 shareholders will attend, and millions of people will watch it online. The most noteworthy issues of this shareholders’ meeting include:

　　Who is Buffett’s successor? — — Bashen is 88 years old and Munger is 95 years old.

　　What about Berkshire’s more than $110 billion in cash? — — Look at the company’s share price of $320,000. Do you still think Maotai is expensive?

　　The repurchase scale will be as high as $100 billion? — — There are not many good companies worth buying, so I have to buy myself.

　　However, for A-share investors, they may be more concerned about this question: What does Buffett think of the China market? Which stocks of A shares meet its stock selection criteria?

　　Which A shares can enter the eyes of the law?

　　There are many criteria for Buffett’s stock selection, but there are clear quantitative criteria. He only said one sentence, that is, the annual return on net assets (ROE) is greater than 20% for 10 consecutive years.

　　The so-called return on equity (ROE) is the ratio of company profits to shareholders’ equity. It represents the investment income of investors, in short, how much money the enterprise can earn for investors.

　　ROE is a measure of a company’s long-term profitability. The higher the ROE, the higher the net profit it earns with the same shareholder capital investment. According to Coca-Cola’s standard, that is, keeping the ROE above 20% for 10 consecutive years, it is the company that Buffett may like.

　　So, which companies in A shares meet Buffett’s standards?

　　Wind data shows that in the 10 years from 2009 to 2019, among the listed companies whose ROE (deduction/dilution) continuously exceeds 20%, there are only five listed companies in A shares, namely Kweichow Moutai, Haitian Weiye, Gree Electric, Yanghe and Chengde Lulu.

　　The average share price increase of these five listed companies in the past 10 years is 690.49%, and the annualized rate of return is 22.97%. The biggest increase is Kweichow Moutai, which rose 12 times in 10 years, followed by Gree Electric, which rose more than 11 times in 10 years.

　　If we relax the ROE standard to 15%, that is, we will keep the ROE above 15% for 10 consecutive years. So, how many companies in A shares meet this standard?

　　Wind data shows that in the 10 years from 2009 to 2019, there were 14 listed companies with ROE (deduction/dilution) exceeding 15% continuously, namely Shuanghui Development, Kweichow Moutai, Haitian Weiye, Hikvision, Gree Electric, Huadong Medicine, Yanghe, Chengde Lulu, Hengrui Pharma, Chongda Technology, dongfeng shares, Fuyao Glass and so on.

　　The average share price increase of these 14 listed companies in the past 10 years is 551.72%, and the annualized rate of return is 20.62%. Among them, Hengrui Pharma, Kweichow Moutai and Gree Electric rose more than 10 times, while Huadong Medicine, Hikvision and Golden Mantis rose more than 5 times.

　　Is Bashen’s strategy unacceptable?

　　In the past 10 years, what is the investment income of Warren Buffett?

　　According to media calculations, if an investor bought a dollar of Berkshire stock 10 years ago, the return today is about $2.4, but if this dollar is invested in the Standard & Poor’s 500 Index Fund, the return today is about $3.2. In other words, in the past 10 years, the income from investing in Berkshire has not been as high as that from investing in the S&P 500 index fund.

　　In 2018, the worst performance of global financial assets in the past 100 years, the "stock god" seems to be unhappy. Suffering from various "thunder" such as Apple’s performance falling short of expectations and Kraft Heinz’s performance changing face, Berkshire lost more than $25 billion in the fourth quarter of 2018, but still earned more than $4 billion in the whole year.

　　But in A-share market, Buffett’s stock picking strategy still seems feasible.

　　In the past decade, 108 A-share stocks have increased more than 5 times, and 29 have increased more than 10 times. The median ROE of these 29 stocks is 14.88%. During this period, the Shanghai Composite Index rose by 24.72%, the Shanghai and Shenzhen 300 Index rose by 50.2%, the CSI 500 Index rose by 74.59%, and the Shenzhen dividend index rose by 132.51%.

　　Obviously, those companies with long-term earning ability and dividend-paying ability can surpass the market if they buy at a reasonable price. However, it should be pointed out that value investment is by no means equal to an ROE index, and the stocks selected according to it are not necessarily suitable investment targets, but only help us find out those good companies more easily.

　　The above data illustrates two problems:

　　First, as Buffett said: "By investing in index funds regularly, an investor who knows nothing can usually beat most professional fund managers." Buffett has recommended index funds for more than ten times.

　　In Buffett’s view, the vast majority of investors rarely invest in index funds, and as a result, their performance in investing in stocks is mostly just mediocre, or even disastrous. There are three main reasons for the loss of investment stocks:

　　1. The cost is too high, investors buy and sell too frequently, or the expenses are too large;

　　2. Investment decisions are made according to gossip or market trends, rather than after careful consideration and quantitative analysis of listed companies;

　　3, blindly chasing up and down, buying or selling at the wrong time.

　　Second, practice has proved that the companies with the strongest earning power in A-shares can bring rich long-term returns to investors.

　　The overall growth level of A-share listed companies is better than the average level of social enterprises. The long-term stock price trend charts of leading enterprises such as Gree Electric, Vanke A, China Merchants Bank, China Ping An and Fuyao Glass are all consistent with the development path of enterprises.

　　The method of value investment has not failed in A-shares. In fact, A-shares will create a good opportunity for value investors to pick up bargains every few years, making it easier for investors to meet good prices. Numerous masters have emphasized that all investment is to find a good industry, a good company and a good price.

　　Finally, Buffett has bought two China stocks so far — — China Petroleum and BYD.

　　In 2003, Buffett bought H shares of China Petroleum at a price of HK$ 1.6, and cleared the position when the share price reached HK$ 13.5 in 2007, with a four-year income of more than 7 times (the reinstatement factor has been considered, the same below). When Buffett bought it, the P/E ratio of China Petroleum was only 5 times, while when China Petroleum was listed on A-share in 2007, the P/E ratio of 48 yuan’s opening price was as high as 63 times.

　　In 2008, Buffett subscribed for 225 million shares of BYD at a price of about HK$ 8 per share. At present, Buffett still holds shares in BYD, and its latest share price is HK$ 53.55, and its income has exceeded five times. When Buffett bought BYD shares, the corresponding P/E ratio was only 10.2 times. At present, its latest P/E ratio is 39.29 times.

　　China securities journal Song Zhaoqing