What should I vote for the generative AI in 2024?

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Text | Read Finance and Economics

With the evolution of the AI story, an important question is gradually placed in front of investors: What should the generative AI invest in? To answer this question, we might as well look at the development history of the mobile Internet.

In the eyes of many people, the opportunity of generative AI is a bit like the mobile Internet. Looking back at the development of the mobile Internet, there are probably three key stages: in 2007, the iPhone 1 was released, and the mobile Internet officially set sail; In 2010, iPhone 4 was released, which laid the basic framework of mobile Internet. In 2012, the application of mobile Internet began to explode, and Bytes, Didi and Little Red Books were established one after another.

Logically speaking,The release of GPT 3.5 is more like the iPhone 1 moment in the AI ​ ​ world. The development direction has been clear, but the industrial framework is still unclear.Such chaos has also increased the difficulty of investment to some extent, and even many investment "traps" will appear.

This kind of thing also happens in the era of mobile Internet. In the early days of the mobile Internet, tools such as "flashlights" and application stores once attracted many investors’ bets. Later, it turns out that this is just an investment "trap" of the mobile Internet.

How to find investment opportunities for mobile Internet? The method of Wuyuan Capital may be worth your reference.

According to Wuyuan Capital Liu Qin’s previous analysis of the mobile Internet:The mobile phone has the characteristics of a PC. However, there are three very important things about mobile phones that are not available on PC:1) There are location parameters on the mobile phone; 2) There is an address book in the mobile phone; 3) The mobile phone has a camera and an external device. Following this logic, Wuyuan Capital draws a conclusion that the next generation of killer applications are mobile, social and rich in media.

Along this logic, when we are looking for investment opportunities for generative AI, we might as well ask ourselves a few more questions:What ability is unique to generative AI that was not available before?

2023 is the year when the big model really broke. Looking back, the breakthrough of this round of generative AI comes from the continuous evolution of the big model at the bottom. As the most powerful language model in the world, GPT has made a qualitative leap in the performance of the model in just five years, from the initial version of GPT in May 2018 to GPT-4 in March 2023.

At present, there are two main reasons for the rapid evolution of GPT model:

One is the continuous iteration of training methods, from semi-supervised learning of GPT-1 to abandoning the fine-tuning stage of GPT-2, to In-context learning and massive parameters of GPT-3, and ChatGPT after introducing reinforcement learning based on artificial feedback.

Second, behind the expansion of model parameters, OpenAI’s continuous high investment in research and development and computing power has supported the rapid expansion of model parameters and training data through the way of "making great efforts to make miracles".

With the birth of big models and a series of "killer" applications such as ChatGPT, generative AI has shown great capabilities in the fields of text, image, code, audio, video and 3D models.

In March of this year, Microsoft released Office Copy, an AI office assistant based on GPT-4. Since then, AI applications including enterprise services, marketing, low code, security, education, medical care, finance and other fields have been released one after another. In July, Microsoft 365 Copilot announced the pricing of $30/month for each user. At the same time, Salesforce, the global CRM leader, announced the official opening of AI products to all users, and gave the pricing of $50 per user per month for a single product. With the release of AI function pricing of the two software giants, AI applications will officially enter the stage of commercialization.

The application of generative AI is not limited to B-end, and the landing speed of C-end is also considerable. On November 29th, Pika, an AI startup founded only half a year ago, officially launched Pika1.0, an AI video generation tool. On the same day, the company announced that it had obtained financing of 55 million US dollars, with a current valuation of 250 million US dollars.

The characteristic of Pika is that it can fully cover movie scenes and 3D animations from ordinary 2D animation to real-life photography, and it can also support real-time editing and modification of videos, in which the generated videos don’t even lose Hollywood animation movie level in terms of light and shadow, motion fluency and so on.

There are indications that AI application is entering the era of big explosion, driven by model, computing power and ecology.

The rapid growth of generative AI has also detonated investment in related fields.

From the primary market, as of the end of August, the number of AI open source projects on GitHub reached 910,000, an increase of 264% compared with last year. According to Replit’s data, the growth rate of AI projects in the second quarter of 2013 reached 80%, which was 34 times higher than that in the same period last year.

From the perspective of whereabouts, most of the generative AI projects are still in the early stage, and most of the funds are invested in the AI infrastructure layer including large model development, while the application layer funds flow only accounts for 30%.

Among them, the investment concentration of infrastructure layer is relatively high. Since the third quarter of 22, the amount of investment and financing in the AI infrastructure layer has accounted for more than 70% of the total amount of generated AI financing, which also reflects the capital-intensive characteristics of the infrastructure layer.

At the application layer, general AI applications account for the majority, accounting for 65%. In contrast, vertical industry applications are far lower than general applications in terms of both the amount and amount of investment and financing.

From the perspective of the secondary market, AI computing infrastructure companies are the first to benefit from the wave of AI industry, among which NVIDIA is the core beneficiary of AI’s "Nuggets Buy Shovel" logic, followed by Microsoft, Google, AWS, Oracle and other head cloud service manufacturers and large model manufacturers.

The reason is that in the current generative AI industrial chain, the infrastructure layer is the most certain link. According to the rough estimation of Andressen Horowitz, an overseas venture capital institution, application vendors need to pay an average of 20-40% of their revenue to cloud service providers or large model vendors, and large model vendors usually pay nearly half of their revenue to cloud infrastructure. In other words, 10-20% of the total revenue of current generative AI flows to cloud service providers.

On the hardware level, NVIDIA is the most beneficial target, and its main AI chips A100 and H100 carry the vast majority of AI model training and development, accounting for nearly 90% of the hardware cost of the AI server.

Although AI application is still in its early stage, and the application layer will lag behind the infrastructure layer for several quarters from commercialization and redemption time, the share price of head application manufacturers has also been interpreted this year. Since the beginning of this year, application-layer companies such as Palantir, Salesforce and Shopify have also seen good growth.

As more and more AI application vendors enter the substantive commercialization stage, the investment in the AI field will also enter a more complicated stage.

In the context of information technology, software and hardware show completely different development trajectories. In the software industry, only platform-based applications that directly control users and data assets are the ultimate winners. In the semiconductor industry, it has a higher concentration than the downstream direct-to-user electronic products companies, and Qualcomm, TSMC and Intel all have a strong voice in their respective fields.

In other words, the evolution path of the AI ​ ​ world will be closer to the semiconductor industry or the Internet industry, which means that the biggest cake will appear in the model layer or the product layer? Before answering this question, let’s take a look at the difference between AI and the above two fields.

Different from many industries, the development logic of semiconductor industry comes from the endless demand for performance in consumer market, and finally evolves into Moore’s Law. This forced the manufacturing giants to maintain the technological leadership of each generation of products through huge R&D investment. In this process, it will become more and more difficult to improve performance, and the income growth it brings often does not match the huge R&D cost, which constitutes a very high barrier to semiconductor manufacturing.

But this situation does not appear in the model layer of generative AI for two reasons:

First, it is more difficult for software to keep ahead of technology for a long time than hardware. At present, the input cost of the big model is mainly the training cost, but the training cost is still a drop in the bucket compared with the investment of billions of dollars in making chips. This can also be seen from the development of large models at home and abroad. Although there is still a clear gap between domestic and foreign large models, the gap has been significantly shortened compared with the beginning of the year.

Second, compared with consumers’ unlimited demand for the "performance" of mobile phones and PCs, in many scenarios, users’ intelligence of generative AI is decreasing marginally. In other words, the requirements for the performance of generative AI in all scenarios are not infinite.

Since the model layer logic doesn’t work, it is not necessary to say that the application layer company has great opportunities. The reason is that under the big model logic, product experience and control model are highly bound, and data feedback is very important for model improvement. In this case, it is hard to believe an application-layer company that is highly dependent on big model manufacturers. For application layer companies, it is also a very risky thing to hand over their high-quality data to large model manufacturers for iteration.

From this point of view, both the model layer and the application layer companies have their own problems, and the full-stack companies that occupy both the model layer and the application layer may be able to capture the greatest value.

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Explanation of the State Council’s institutional reform plan

  Xinhua News Agency, Beijing, March 13th

Explanation of the State Council’s institutional reform plan

— — At the first meeting of the 13th National People’s Congress on March 13th, 2018.

State Councilor Wang Yong

  Delegates:

  Entrusted by the State Council, according to the Plan for Deepening the Reform of Party and State Institutions adopted by the Third Plenary Session of the 19th CPC Central Committee, I would like to explain the plan for institutional reform in the State Council to the General Assembly for your consideration.

  The 19th National Congress of the Communist Party of China made important arrangements for deepening the reform of institutions and administrative systems, requiring overall consideration of various institutional settings, scientific allocation of the powers of party and government departments and internal institutions, and clear responsibilities. The Third Plenary Session of the 19th CPC Central Committee adopted the Central Committee of the Communist Party of China’s Decision on Deepening the Reform of Party and State Institutions and the Plan for Deepening the Reform of Party and State Institutions. The overall requirements for deepening the reform of the Party and state institutions this time are to fully implement the spirit of the 19th Party Congress, adhere to the guidance of Marxism–Leninism, Mao Zedong Thought, Deng Xiaoping Theory, Theory of Three Represents, Scientific Outlook on Development and the supreme leader Socialism with Chinese characteristics Thought in the new era, adapt to the development requirements of Socialism with Chinese characteristics in the new era, adhere to the general tone of striving for progress while maintaining stability, adhere to the correct direction of reform, adhere to the people-centered principle, and adhere to the overall rule of law. Guided by strengthening the overall leadership of the Party, guided by the modernization of the national governance system and governance capacity, and focusing on promoting the coordination and efficiency of the functions of the Party and state institutions, we will reform the institutional setup, optimize the allocation of functions, deepen the transfer of functions, modes and styles, improve efficiency and effectiveness, and provide a strong institutional guarantee for winning the Chinese dream of building a well-off society in an all-round way, starting a new journey of building a socialist modernized country in an all-round way and realizing the great rejuvenation of the Chinese nation.

  The Plan for Deepening the Institutional Reform of the Party and the State has made comprehensive arrangements for promoting the institutional reform of the party, government and military groups as a whole, and deepening the institutional reform of the State Council is one of the important tasks. The general consideration is to focus on transforming government functions, resolutely get rid of the drawbacks of institutional mechanisms that restrict the market from playing a decisive role in resource allocation and giving full play to the government’s role, focus on promoting high-quality development, building a modern economic system, strengthening and improving the government’s functions of economic regulation, market supervision, social management, public services and ecological environmental protection, and combine the new era conditions and practical requirements to make efforts to optimize and adjust the institutional functions of key areas and key links, so as to build a government with clear responsibilities and administration according to law.

  The specific contents of this institutional reform in the State Council are as follows.

  I. On the adjustment of the State Council’s constituent departments

  (1) Establishing the Ministry of Natural Resources. In order to uniformly exercise the responsibilities of the owner of all natural resources assets owned by the whole people, uniformly exercise all the responsibilities of land and space use control and ecological protection and restoration, focus on solving the problems of inadequate owners of natural resources and overlapping spatial planning, and realize the overall protection, system restoration and comprehensive management of landscapes, forests, fields, lakes and grasses. The plan proposes that the responsibilities of the Ministry of Land and Resources and the organization of the National Development and Reform Commission should be compiled into the planning responsibilities of the main functional areas. Urban and rural planning management responsibilities of the Ministry of Housing and Urban-Rural Development, water resources investigation and ownership registration management responsibilities of the Ministry of Water Resources, grassland resources investigation and ownership registration management responsibilities of the Ministry of Agriculture, forest, wetland and other resources investigation and ownership registration management responsibilities of the State Forestry Administration, responsibilities of the State Oceanic Administration, and responsibilities of the State Bureau of Surveying and Mapping Geographic Information are integrated to form the Ministry of Natural Resources as a component of the State Council. The Ministry of Natural Resources reserves the brand of State Oceanic Administration. Its main duties are to supervise the development, utilization and protection of natural resources, establish a spatial planning system and supervise its implementation, fulfill the duties of all kinds of natural resource assets owners of the whole people, unify the investigation and registration of rights, establish a system of paid use of natural resources, and be responsible for the management of surveying and mapping and geological exploration industries.

  The Ministry of Land and Resources, the State Oceanic Administration and the State Bureau of Surveying and Mapping Geographic Information will no longer be retained.

  (2) Establishing the Ministry of Ecology and Environment. Protecting the environment is our basic national policy. In order to integrate the scattered responsibilities of ecological environmental protection, uniformly exercise the responsibilities of supervision and administrative law enforcement of ecological and urban and rural pollution discharge, strengthen environmental pollution control, ensure national ecological security, and build a beautiful China, the plan puts forward that the responsibilities of the Ministry of Environmental Protection, the National Development and Reform Commission’s responsibility for coping with climate change and emission reduction, and the Ministry of Land and Resources’ responsibility for monitoring and preventing groundwater pollution, The responsibilities of the Ministry of Water Resources include the preparation of water function zoning, the management of sewage outlets, the protection of water environment in river basins, the supervision and guidance of the Ministry of Agriculture, the marine environmental protection of the State Oceanic Administration, and the environmental protection of the South-to-North Water Diversion Project Area of the the State Council South-to-North Water Diversion Project Construction Committee Office, and the establishment of the Ministry of Ecology and Environment as a component of the State Council. The Ministry of Ecology and Environment reserves the brand of National Nuclear Safety Administration. Its main responsibilities are to formulate and organize the implementation of eco-environmental policies, plans and standards, to be responsible for eco-environmental monitoring and law enforcement, to supervise and manage pollution prevention, nuclear and radiation safety, and to organize central environmental protection inspectors.

  The Ministry of Environmental Protection is no longer retained.

  (3) Establishing the Ministry of Agriculture and Rural Affairs. The problem of farmers in agriculture and rural areas is a fundamental issue related to the national economy and people’s livelihood. In order to give priority to the development of agriculture and rural areas, implement the rural revitalization strategy as a whole, promote the all-round upgrading of agriculture, the all-round progress of rural areas and the all-round development of farmers, and accelerate the modernization of agriculture and rural areas, the plan proposes to integrate the responsibilities of the Ministry of Agriculture with those of the National Development and Reform Commission, the Ministry of Finance, the Ministry of Land and Resources and the Ministry of Water Resources to form the Ministry of Agriculture and Rural Affairs as a component of the State Council. Its main responsibilities are to study and organize the implementation of the work strategies, plans and policies concerning agriculture, rural areas and farmers, supervise and manage planting, animal husbandry, fishery, agricultural reclamation, agricultural mechanization, quality and safety of agricultural products, and be responsible for agricultural investment management.

  Transfer the responsibilities of inspection, supervision and management of fishing boats from the Ministry of Agriculture to the Ministry of Transport.

  No longer retain the Ministry of Agriculture.

  (4) Establishing the Ministry of Culture and Tourism. In order to enhance and highlight cultural self-confidence, co-ordinate cultural undertakings, cultural industry development and tourism resources development, improve the national cultural soft power and Chinese cultural influence, and promote the integrated development of cultural undertakings, cultural industries and tourism, the plan proposes to integrate the responsibilities of the Ministry of Culture and the National Tourism Administration to form the Ministry of Culture and Tourism as a component of the State Council. Its main responsibilities are to implement the Party’s principles and policies for propaganda and cultural work, study and formulate policies and measures for cultural and tourism work, make overall plans for the development of cultural undertakings, cultural industries and tourism, carry out the project of benefiting the people through culture in depth, organize the survey, excavation and protection of cultural resources, maintain the order of various cultural markets, including tourism markets, strengthen cultural exchanges with foreign countries, and promote Chinese culture to go abroad.

  The Ministry of Culture and the National Tourism Administration will no longer be retained.

  (5) Establishing the National Health and Wellness Committee. People’s health is an important symbol of national prosperity and national prosperity. In order to promote the implementation of the strategy of healthy China, establish the concept of great health and great health, change the focus on treatment to the focus on people’s health, prevent and control major diseases, actively respond to the aging of the population, accelerate the development of the cause and industry for the elderly, and provide all-round and full-cycle health services for the people, the plan proposes that the responsibilities of the National Health and Family Planning Commission, the Office of the Leading Group for Deepening the Reform of Medical and Health System in the State Council, and the Office of the National Working Committee on Ageing, The Ministry of Industry and Information Technology took the lead in fulfilling the duties of the Framework Convention on Tobacco Control, and state administration of work safety’s duties of occupational safety and health supervision and management were integrated, and the National Health and Wellness Committee was established as a component of the State Council. Its main responsibilities are to formulate national health policies, coordinate and promote the deepening of the reform of the medical and health system, organize the formulation of the national basic drug system, supervise and manage public health, medical services and health emergencies, be responsible for family planning management and services, and formulate policies and measures to deal with the aging population and the combination of medical care and nursing.

  The National Working Committee on Ageing shall be retained, and the daily work shall be undertaken by the National Health and Wellness Committee. The China Association for Aging, which was entrusted by the Ministry of Civil Affairs, was entrusted by the National Health and Wellness Commission. State administration of traditional chinese medicine is managed by the National Health and Wellness Commission.

  The National Health and Family Planning Commission will no longer be retained. No longer set up a leading group office for deepening the reform of medical and health system in the State Council.

  (6) Establishing the Department of Veterans Affairs. In order to safeguard the legitimate rights and interests of military families, strengthen the construction of service guarantee system for retired military personnel, establish and improve a centralized and unified management guarantee system for retired military personnel with clear responsibilities, and make military personnel become a respected profession of the whole society, the plan proposes to integrate the responsibilities of special care and resettlement for retired military personnel of the Ministry of Civil Affairs, the responsibilities of resettlement for military officers in Ministry of Human Resources and Social Security, and the relevant responsibilities of the Political Work Department and the Logistics Support Department of the Central Military Commission to form the Department of Retired Military Affairs as a component of the State Council. Its main responsibilities are to formulate policies and regulations on the ideological and political work, management and security of retired military personnel and organize their implementation, praise and highlight the spirit and value orientation of retired military personnel who have made sacrifices for the party, the country and the people, be responsible for the transfer and resettlement of demobilized military cadres, demobilized cadres, retired cadres and retired soldiers, and the service management and treatment guarantee of retired military personnel who choose their own jobs, organize the education and training of retired military personnel, give preferential treatment and pensions, guide the national work of supporting the army and giving preferential treatment to its dependents, and be responsible for the honorary awards of martyrs and retired military personnel.

  (seven) the establishment of emergency management department. China is a country with frequent disasters. In order to prevent and resolve serious security risks, improve the public security system, integrate and optimize emergency forces and resources, promote the formation of an emergency management system with China characteristics, which is unified in command, professional and regular, responsive, linked up and down, and combined in peacetime and wartime, improve the ability of disaster prevention, mitigation and relief, and ensure the safety of people’s lives and property and social stability, the plan puts forward that state administration of work safety’s responsibilities, Emergency management responsibilities of the State Council General Office, fire management responsibilities of the Ministry of Public Security, disaster relief responsibilities of the Ministry of Civil Affairs, prevention and control of geological disasters of the Ministry of Land and Resources, prevention and control of floods and droughts of the Ministry of Water Resources, grassland fire prevention of the Ministry of Agriculture and forest fire prevention of the State Forestry Administration, earthquake emergency rescue responsibilities of the Seismological Bureau of China, and responsibilities of the National Flood Control and Drought Relief Headquarters, the National Disaster Reduction Committee, the the State Council Earthquake Relief Headquarters and the National Forest Fire Prevention Headquarters are integrated to form an emergency management department as a component of the State Council. Its main responsibilities are to organize the preparation of the national emergency master plan and plan, guide all localities and departments to deal with emergencies, and promote the construction of emergency plan system and plan drills. Establish a disaster reporting system and uniformly publish the disaster situation, coordinate the construction of emergency forces and material reserves and uniformly dispatch them during disaster relief, organize the construction of disaster relief system, guide the emergency rescue of production safety and natural disasters, and undertake the work of the national headquarters for dealing with particularly serious disasters. Guide the prevention and control of fires, floods and droughts, geological disasters, etc. Responsible for the comprehensive supervision and management of production safety and the supervision and management of production safety in industrial, mining and commercial industries.

  After the transformation, the public security fire brigade and the armed police forest brigade, together with the emergency rescue teams such as production safety, will be regarded as a comprehensive standing emergency backbone force, managed by the emergency management department, with special management and policy guarantee, and the job rank sequence and management methods in line with their own characteristics will be formulated to improve their professional honor and maintain their effective strength and combat effectiveness.

  It should be noted that according to the principle of graded responsibility, local governments at all levels are responsible for general disasters, and the emergency management department provides unified response and support on behalf of the central government; When a particularly serious disaster occurs, the emergency management department, as the headquarters, assists the responsible comrades designated by the central government to organize emergency response work to ensure the smooth implementation of government decrees and effective command. The emergency management department should properly handle the relationship between disaster prevention and relief, clarify the division of responsibilities with relevant departments and localities, and establish a coordination mechanism.

  Considering that the Seismological Bureau of China and the State Administration of Coal Mine Safety are closely related to disaster prevention and relief, they are managed by the Emergency Management Department.

  No longer keep state administration of work safety.

  (8) Reorganizing the Ministry of Science and Technology. Innovation is the first driving force for development and the strategic support for building a modern economic system. In order to better implement the strategy of rejuvenating the country through science and education, strengthening the country through talents and innovation-driven development, strengthen the construction of national innovation system, optimize the allocation of scientific and technological resources, and promote the construction of high-end scientific and technological innovation talents, the plan proposes to integrate the responsibilities of the Ministry of Science and Technology and the State Administration of Foreign Experts Affairs and re-establish the Ministry of Science and Technology as a component of the State Council. The Ministry of Science and Technology manages the National Natural Science Foundation of China and retains the brand of State Administration of Foreign Experts Affairs. Its main responsibilities are to formulate the national innovation-driven development strategy, scientific and technological development, basic research planning and policies and organize their implementation, promote the construction of the national innovation system and the reform of the scientific and technological system as a whole, organize and coordinate the major national basic research and applied basic research, work out the planning of major national scientific and technological projects and supervise their implementation, take the lead in establishing a unified national scientific and technological management platform and a fund coordination, evaluation and supervision mechanism for scientific research projects, and be responsible for introducing foreign intelligence work.

  (9) Reorganizing the Ministry of Justice. Governing the country according to law in an all-round way is a profound revolution in state governance. In order to implement the basic strategy of governing the country according to law in an all-round way, coordinate administrative legislation, administrative law enforcement, legal affairs management and popularization of law, and promote the government’s work into the track of rule of law, the plan proposes to integrate the responsibilities of the Ministry of Justice and the Legislative Affairs Office of the State Council and re-establish the Ministry of Justice as a component of the State Council. Its main duties are to draft relevant laws and administrative regulations, coordinate legislation, review and explain for the record, comprehensively coordinate administrative law enforcement, guide administrative reconsideration, publicize the law, manage prisons, drug rehabilitation and community correction, manage lawyers’ notarization and judicial expertise arbitration, and undertake national judicial assistance.

  The Legislative Affairs Office of the State Council will no longer be retained.

  (10) Optimize the responsibilities of the Ministry of Water Resources. Considering that the main construction task of the Three Gorges Project has been completed, and the east and middle routes of the South-to-North Water Diversion Project have been completed, the plan proposes to merge the the State Council Three Gorges Project Construction Committee and its office, and the the State Council South-to-North Water Diversion Project Construction Committee and its office into the Ministry of Water Resources.

  The State Council Three Gorges Project Construction Committee and its office, the State Council South-to-North Water Transfer Project Construction Committee and its office will no longer be retained.

  (eleven) optimize the responsibilities of the Audit Commission. Reforming the audit management system and ensuring the independent exercise of audit supervision power according to law are important contents of perfecting the supervision system of the party and the state. In order to integrate the audit supervision power, reduce the overlapping and dispersion of responsibilities, avoid repeated inspection and supervision blind spots, and enhance the supervision efficiency, the plan proposes that the major project inspection of the National Development and Reform Commission, the supervision and inspection of the implementation of the central budget of the Ministry of Finance and other financial revenues and expenditures, the economic responsibility audit of leading cadres of state-owned enterprises of the State-owned Assets Supervision and Administration Commission of the State Council, and the supervisory board of state-owned key large enterprises should be assigned to the Audit Office, and the audit supervision power should be integrated and optimized accordingly to build a unified and efficient audit supervision system. The Audit Commission shall be responsible for auditing and supervising the truthfulness, legality and benefits of the national financial revenues and expenditures and the financial revenues and expenditures that fall within the scope of audit supervision as stipulated by laws and regulations.

  It should be noted that this congress has reviewed and adopted the constitutional amendment. According to the relevant provisions of the constitutional amendment, the National Supervisory Commission (NSC) was established. Therefore, the Ministry of Supervision and the National Bureau of Corruption Prevention are no longer retained, but merged into the National Supervisory Commission (NSC).

  Delegates, according to the above plan, the Ministry of Natural Resources, the Ministry of Ecology and Environment, the Ministry of Agriculture and Rural Affairs, the Ministry of Culture and Tourism, the National Health and Wellness Commission, the Ministry of Veterans Affairs, the Emergency Management Department, the Ministry of Science and Technology, the Ministry of Justice, the Ministry of Water Resources and the Audit Office are newly established or reorganized; The Ministry of Supervision, the Ministry of Land and Resources, the Ministry of Environmental Protection, the Ministry of Agriculture, the Ministry of Culture and the National Health and Family Planning Commission will no longer be retained; In addition to the General Office of the State Council, there are 26 departments in the State Council. According to the provisions of the Organic Law of the State Council, the adjustment and establishment of these institutions shall be submitted to the General Assembly for deliberation.

  Second, about the adjustment of other institutions in the State Council

  (a) the establishment of the State Administration of Market Supervision. Reforming the market supervision system and implementing unified market supervision are the key links to establish a unified, open and competitive modern market system. In order to improve the market supervision system, promote the implementation of the strategy of strengthening the country by quality, create an honest and trustworthy market environment with fair competition, further promote the comprehensive law enforcement of market supervision, strengthen the supervision of product quality and safety, and make the people feel at ease in buying, using and eating, the plan proposes that the responsibilities of the State Administration for Industry and Commerce, the General Administration of Quality Supervision, Inspection and Quarantine, china food and drug administration, The responsibilities of price supervision and inspection and anti-monopoly law enforcement of the National Development and Reform Commission, centralized anti-monopoly law enforcement of the operators of the Ministry of Commerce and the office of the the State Council Anti-monopoly Committee were integrated, and the State Administration of Market Supervision was established as a directly affiliated institution of the State Council. Its main responsibilities are to be responsible for the comprehensive supervision and management of the market, uniformly register market entities and establish information publicity and sharing mechanisms, organize the comprehensive law enforcement of market supervision, undertake the unified law enforcement of anti-monopoly, standardize and maintain market order, organize the implementation of the strategy of strengthening the country by quality, be responsible for the quality and safety of industrial products, food safety, special equipment safety supervision, and uniformly manage measurement standards, inspection and testing, certification and accreditation.

  Considering the particularity of drug supervision, National Medical Products Administration was established separately and managed by the State Administration of Market Supervision. Market supervision is managed at different levels, and drug regulatory agencies are only located at the provincial level. The supervision of drug sales and other behaviors is uniformly undertaken by the market regulatory departments of cities and counties.

  Transfer the duties and team of entry-exit inspection and quarantine management of the General Administration of Quality Supervision, Inspection and Quarantine to the General Administration of Customs. The Food Safety Committee of the State Council and the Anti-monopoly Committee of the State Council shall be retained, and the specific work shall be undertaken by the State Administration of Market Supervision. The responsibilities of the National Certification and Accreditation Administration Committee and the National Standardization Administration Committee are assigned to the State Administration of Market Supervision, and brands are reserved for the outside world.

  The State Administration for Industry and Commerce, the General Administration of Quality Supervision, Inspection and Quarantine and china food and drug administration will no longer be retained.

  (two) the establishment of the State Administration of Radio and Television. In order to strengthen the work of news and public opinion, strengthen the management of important propaganda positions, and give full play to the role of radio and television media, the plan proposes to set up the State Administration of Radio and Television as a directly affiliated institution of the State Council on the basis of the radio and television management responsibilities of the State Administration of Press, Publication, Radio, Film and Television. Its main responsibilities are to implement the Party’s propaganda principles and policies, formulate policies and measures for radio and television management, supervise and implement them, make overall plans, guide and coordinate the development of radio and television undertakings and industries, promote the reform of institutional mechanisms in the field of radio and television, supervise and review the content and quality of radio and television and online audio-visual programs, be responsible for the import, collection and management of radio and television programs, and coordinate and promote the work of going global in the field of radio and television.

  The State Administration of Press, Publication, Radio, Film and Television will no longer be retained.

  (3) Establishing the Insurance Regulatory Commission of the Bank of China. Finance is the core of modern economy, so we must attach great importance to preventing and controlling financial risks and ensuring national financial security. In order to deepen the reform of financial supervision system, solve the problems existing in the current system, such as unclear supervision responsibilities, cross-supervision and blank supervision, strengthen comprehensive supervision, optimize the allocation of supervision resources, better coordinate the supervision of systemically important financial institutions, gradually establish a powerful and effective modern financial supervision framework that conforms to modern financial characteristics, coordinate supervision, and keep the bottom line of systemic financial risks, the plan proposes to integrate the responsibilities of China Banking Regulatory Commission and China Insurance Regulatory Commission to form the Bank of China Insurance Regulatory Commission as the the State Council. Its main duties are to uniformly supervise and manage the banking and insurance industries in accordance with laws and regulations, safeguard their lawful and steady operation, prevent and resolve financial risks, protect the legitimate rights and interests of financial consumers and maintain financial stability.

  The responsibilities of China Banking Regulatory Commission and China Insurance Regulatory Commission to draft important laws and regulations on banking and insurance industry and the basic system of prudential supervision were assigned to the People’s Bank of China.

  China Banking Regulatory Commission and China Insurance Regulatory Commission will no longer be retained.

  (4) The formation of China International Development Cooperation Agency. In order to give full play to the role of foreign aid as an important means of diplomacy of big countries, strengthen strategic planning and overall coordination of foreign aid, promote unified management of foreign aid work, reform and optimize foreign aid methods, better serve the overall layout of national diplomacy and jointly build the "Belt and Road", the plan proposes to integrate the responsibilities related to foreign aid work of the Ministry of Commerce and foreign aid coordination of the Ministry of Foreign Affairs, and set up China International Development Cooperation Agency as a directly affiliated institution of the State Council. Its main responsibilities are to formulate foreign aid strategic guidelines, plans and policies, coordinate major foreign aid issues and make suggestions, promote the reform of foreign aid methods, formulate foreign aid programs and plans, determine foreign aid projects and supervise and evaluate their implementation. The specific implementation of foreign aid is still undertaken by the relevant departments according to the division of labor.

  (five) the establishment of the National Health Insurance Bureau. In order to improve the unified basic medical insurance system and serious illness insurance system for urban and rural residents, continuously improve the level of medical insurance, ensure the rational use, safety and controllability of medical insurance funds, promote the reform of "three-medical linkage" of medical care, medical insurance and medicine as a whole, and better protect the sick, the plan puts forward that the responsibilities of basic medical insurance and maternity insurance for urban workers and urban residents in Ministry of Human Resources and Social Security, the new rural cooperative medical care responsibilities of the National Health and Family Planning Commission, The National Development and Reform Commission’s responsibility for the price management of drugs and medical services and the Ministry of Civil Affairs’ responsibility for medical assistance were integrated, and the National Medical Insurance Bureau was established as a directly affiliated institution of the State Council. Its main responsibilities are to formulate policies, plans and standards for medical insurance, maternity insurance, medical assistance and other medical security systems and organize their implementation, supervise and manage relevant medical security funds, improve the national platform for medical treatment management and expense settlement in different places, organize the formulation and adjustment of prices and charging standards for drugs and medical services, formulate bidding and purchasing policies for drugs and medical consumables and supervise their implementation, and supervise and manage related service behaviors and medical expenses of medical institutions included in medical insurance. At the same time, in order to improve the efficiency of the collection and management of medical insurance funds, the basic medical insurance premium and maternity insurance premium will be handed over to the tax authorities for unified collection.

  (six) the establishment of the national grain and material reserve bureau. In order to strengthen the overall planning of national reserves, build a unified national material reserve system, strengthen the supervision and management of central grain and cotton reserves, and improve the ability of national reserves to deal with emergencies, the plan proposes to integrate the responsibilities of the State Grain Administration, the National Development and Reform Commission’s organization and implementation of national strategic material storage, rotation and management, and the management of national grain, cotton and sugar reserves, as well as the organization and implementation strategies of the Ministry of Civil Affairs, the Ministry of Commerce, the National Energy Administration and other departments, and the responsibilities of emergency reserve material storage, rotation and daily management. Its main responsibilities are to organize the implementation of the purchasing, storage, rotation and management of national strategy and emergency reserve materials according to the overall development plan and variety catalogue of national reserves, to be responsible for the construction and management of reserve infrastructure, to supervise and inspect the implementation of government reserves, enterprise reserves and reserve policies, and to be responsible for the management of grain circulation industry and the administrative management of central reserve grain and cotton.

  No longer retain the State Grain Bureau.

  (seven) the establishment of the National Immigration Bureau. With the further improvement of China’s comprehensive national strength, the number of foreigners working and living in China is increasing, which puts forward new requirements for doing a good job in immigration management services. In order to strengthen the overall coordination of immigration and exit-entry management, and better form the joint efforts of immigration management, the plan proposes to integrate the duties of exit-entry management and border inspection of the Ministry of Public Security, establish and improve the visa management coordination mechanism, and set up the National Immigration Administration, which will be managed by the Ministry of Public Security. Its main responsibilities are to coordinate the formulation of immigration policies and organize their implementation, to be responsible for entry and exit management, port certificate inspection and border people’s exchanges management, to be responsible for foreigners’ stay and permanent residence management, refugee management and nationality management, to take the lead in coordinating the governance of "three non-"foreigners and the repatriation of illegal immigrants, to be responsible for the service management of China citizens entering and leaving the country (territory) for personal reasons, and to undertake international cooperation in the field of immigration.

  (eight) the establishment of the National Forestry and Grassland Bureau. In order to strengthen the protection of ecosystems, coordinate the supervision and management of forests, grasslands and wetlands, accelerate the establishment of a nature reserve system with national parks as the main body, and ensure national ecological security, the plan proposes to integrate the responsibilities of the State Forestry Administration, the grassland supervision and management responsibilities of the Ministry of Agriculture, and the management responsibilities of the Ministry of Land and Resources, the Ministry of Housing and Urban-Rural Development, the Ministry of Water Resources, the Ministry of Agriculture, the State Oceanic Administration and other departments, such as nature reserves, scenic spots, natural heritage and geological parks, to form a national forestry and grassland. The National Forestry and Grassland Bureau added the brand of National Park Service. Its main responsibilities are to supervise and manage the development, utilization and protection of forest, grassland, wetland, desert and terrestrial wildlife resources, organize ecological protection and restoration, carry out afforestation and greening work, and manage various nature reserves such as national parks.

  No longer retain the State Forestry Administration.

  (9) Reorganize China National Intellectual Property Administration. Strengthening the creation, protection and application of intellectual property rights is an important measure to accelerate the construction of an innovative country. In order to solve the problems of separate management of trademarks and patents and repeated law enforcement, and improve the intellectual property management system, the plan proposes to integrate the responsibilities of China National Intellectual Property Administration, the trademark management responsibilities of the State Administration for Industry and Commerce and the geographical indications management responsibilities of the State Administration of Quality Supervision, Inspection and Quarantine, and re-establish the China National Intellectual Property Administration, which will be managed by the State Administration of Market Supervision. Its main duties are to protect intellectual property rights, promote the construction of intellectual property protection system, be responsible for the registration and administrative adjudication of trademarks, patents and geographical indications of origin, and guide the law enforcement of trademarks and patents. Trademark and patent law enforcement responsibilities are entrusted to the comprehensive law enforcement team of market supervision.

  (ten) adjust the affiliation of the National Social Security Fund Council. In order to strengthen the management and supervision of social security funds, straighten out the relationship of responsibilities, ensure the safety of funds and achieve the goal of maintaining and increasing the value, the plan proposes that the National Social Security Fund Council be managed by the Ministry of Finance instead of the State Council, and assume the main responsibility for fund safety and maintaining and increasing the value. As a fund investment operation institution, the administrative level is no longer clear.

  (eleven) the reform of national tax and local tax collection and management system. Merge the national tax and local tax agencies at or below the provincial level, and specifically undertake the duties of tax and non-tax revenue collection and management within the jurisdiction. After the merger of national tax and local tax agencies, the dual leadership management system with State Taxation Administration of The People’s Republic of China as the main body and the people’s governments of provinces (autonomous regions and municipalities) will be implemented.

  In addition, according to the development of the situation and the needs of work, some other institutions in the State Council have also made adjustments.

  Delegates, according to the above plan, the State Administration of Market Supervision, National Medical Products Administration, the State Administration of Radio and Television, the Insurance Regulatory Commission of the Bank of China, China International Development Cooperation Agency, the State Health Insurance Bureau, the State Grain and Material Reserve Bureau, the State Immigration Bureau, the State Forestry and Grassland Bureau, and China National Intellectual Property Administration will be established or reorganized. According to the provisions of the Organic Law of the State Council, the adjustment and establishment of the State Council’s affiliated institutions other than those of the State Council will be examined and approved by the newly formed the State Council.

  Generally speaking, this institutional reform in the State Council has implemented the spirit of the 19th National Congress of the Communist Party of China and the Third Plenary Session of the 19th Central Committee, fulfilled the requirements of upholding and strengthening the overall leadership of the Party, adapted to the major contradictions and changes in our society in the new era, focused on the needs of development, the aspirations of the grassroots, and the aspirations of the people. According to the principle of optimization, coordination and high efficiency, it has optimized the institutional setup and functional allocation of the State Council and straightened out the relationship of responsibilities. After the reform, there were 8 ministerial-level institutions and 7 deputy ministerial-level institutions in the State Council. Through the reform, the State Council’s institutional setup is more realistic, scientific and reasonable, and more efficient, which will surely provide a strong organizational guarantee for the full implementation of the tasks deployed by the 19th National Congress of the Communist Party of China.

  In the next step, in the implementation of institutional reform, the State Council will conscientiously implement the spirit of the 19th National Congress of the Communist Party of China and the Second and Third Plenary Sessions of the 19th Central Committee, unify thoughts and actions with the decision-making arrangements of the CPC Central Committee on deepening the reform of party and state institutions, strengthen the "four consciousnesses", strengthen the "four self-confidences", resolutely safeguard the authority of the CPC Central Committee and centralize and unify leadership, and make careful organization and deployment. Pay close attention to the establishment of working mechanism, formulate supporting measures, schedule, and implement them item by item. It is necessary to combine deepening institutional reform with decentralization, combination of decentralization and management, and optimization of services. Both newly established departments and departments with adjusted responsibilities must further change their functions and improve their work efficiency. The main responsible comrades of all departments should personally grasp and grasp the position, do a good job in ideological and political work, seriously reform discipline, and ensure that institutions, responsibilities, teams, etc. are adjusted in place in time as required to ensure that their thoughts are not chaotic, their work is continuous, their teams are not scattered, and their enthusiasm is not reduced.

  Delegates, this year is the first year to fully implement the spirit of the 19th National Congress of the Communist Party of China, the 40th anniversary of reform and opening-up, and a crucial year to build a well-off society in an all-round way and implement the 13th Five-Year Plan. It is of great significance to ensure the smooth progress of deepening the reform of the Party and state institutions. We should hold high the great banner of Socialism with Chinese characteristics, closely unite around the CPC Central Committee with the Supreme Leader as the core, unify our thinking, act in unison, and be determined to reform, ensure the completion of various tasks of the State Council’s institutional reform, and strive to win the Chinese dream of building a well-off society in an all-round way, accelerating socialist modernization and realizing the great rejuvenation of the Chinese nation!

The national road trip runs from the snow-capped mountains to the sea | Let’s go now!

  G219 National Highway starts at Kanas Scenic Area in Burqin County, Altay Prefecture, Xinjiang, and ends at Zhushan Village, dongxing city, Guangxi, with a total length of 10,065 kilometers, passing through Xinjiang, Xizang, Yunnan and Guangxi. It is the highest average elevation highway in the world and the longest national highway in China.

  Xinhua News Agency reported that the detachment will March along G219 National Road, pass through colorful mountain basins, desert Gobi, rivers and lakes, grassland forests, and run from snow-capped mountains to the sea, showing magnificent motherland scenery, long history and culture and colorful ethnic customs, and telling the story of China in the new era.

  Xinhua News Agency reporter Yang Zhisen photo

 

  G219 National Highway starts at Kanas Scenic Area in Burqin County, Altay Prefecture, Xinjiang, and ends at Zhushan Village, dongxing city, Guangxi, with a total length of 10,065 kilometers, passing through Xinjiang, Xizang, Yunnan and Guangxi. It is the highest average elevation highway in the world and the longest national highway in China.

  Xinhua News Agency reported that the detachment will March along G219 National Road, pass through colorful mountain basins, desert Gobi, rivers and lakes, grassland forests, and run from snow-capped mountains to the sea, showing magnificent motherland scenery, long history and culture and colorful ethnic customs, and telling the story of China in the new era.

  Xinhua News Agency reporter Yang Zhisen photo

 

  G219 National Highway starts at Kanas Scenic Area in Burqin County, Altay Prefecture, Xinjiang, and ends at Zhushan Village, dongxing city, Guangxi, with a total length of 10,065 kilometers, passing through Xinjiang, Xizang, Yunnan and Guangxi. It is the highest average elevation highway in the world and the longest national highway in China.

  Xinhua News Agency reported that the detachment will March along G219 National Road, pass through colorful mountain basins, desert Gobi, rivers and lakes, grassland forests, and run from snow-capped mountains to the sea, showing magnificent motherland scenery, long history and culture and colorful ethnic customs, and telling the story of China in the new era.

  Xinhua News Agency reporter Yang Zhisen photo

 

  G219 National Highway starts at Kanas Scenic Area in Burqin County, Altay Prefecture, Xinjiang, and ends at Zhushan Village, dongxing city, Guangxi, with a total length of 10,065 kilometers, passing through Xinjiang, Xizang, Yunnan and Guangxi. It is the highest average elevation highway in the world and the longest national highway in China.

  Xinhua News Agency reported that the detachment will March along G219 National Road, pass through colorful mountain basins, desert Gobi, rivers and lakes, grassland forests, and run from snow-capped mountains to the sea, showing magnificent motherland scenery, long history and culture and colorful ethnic customs, and telling the story of China in the new era.

  Xinhua News Agency reporter Fei Maohua photo

 

  G219 National Highway starts at Kanas Scenic Area in Burqin County, Altay Prefecture, Xinjiang, and ends at Zhushan Village, dongxing city, Guangxi, with a total length of 10,065 kilometers, passing through Xinjiang, Xizang, Yunnan and Guangxi. It is the highest average elevation highway in the world and the longest national highway in China.

  Xinhua News Agency reported that the detachment will March along G219 National Road, pass through colorful mountain basins, desert Gobi, rivers and lakes, grassland forests, and run from snow-capped mountains to the sea, showing magnificent motherland scenery, long history and culture and colorful ethnic customs, and telling the story of China in the new era.

  Xinhua News Agency reporter Li Xiangshe

 

  G219 National Highway starts at Kanas Scenic Area in Burqin County, Altay Prefecture, Xinjiang, and ends at Zhushan Village, dongxing city, Guangxi, with a total length of 10,065 kilometers, passing through Xinjiang, Xizang, Yunnan and Guangxi. It is the highest average elevation highway in the world and the longest national highway in China.

  Xinhua News Agency reported that the detachment will March along G219 National Road, pass through colorful mountain basins, desert Gobi, rivers and lakes, grassland forests, and run from snow-capped mountains to the sea, showing magnificent motherland scenery, long history and culture and colorful ethnic customs, and telling the story of China in the new era.

  Xinhua News Agency reporter Fei Maohua photo

 

  G219 National Highway starts at Kanas Scenic Area in Burqin County, Altay Prefecture, Xinjiang, and ends at Zhushan Village, dongxing city, Guangxi, with a total length of 10,065 kilometers, passing through Xinjiang, Xizang, Yunnan and Guangxi. It is the highest average elevation highway in the world and the longest national highway in China.

  Xinhua News Agency reported that the detachment will March along G219 National Road, pass through colorful mountain basins, desert Gobi, rivers and lakes, grassland forests, and run from snow-capped mountains to the sea, showing magnificent motherland scenery, long history and culture and colorful ethnic customs, and telling the story of China in the new era.

  Xinhua News Agency reporter Li Xiangshe

 

  G219 National Highway starts at Kanas Scenic Area in Burqin County, Altay Prefecture, Xinjiang, and ends at Zhushan Village, dongxing city, Guangxi, with a total length of 10,065 kilometers, passing through Xinjiang, Xizang, Yunnan and Guangxi. It is the highest average elevation highway in the world and the longest national highway in China.

  Xinhua News Agency reported that the detachment will March along G219 National Road, pass through colorful mountain basins, desert Gobi, rivers and lakes, grassland forests, and run from snow-capped mountains to the sea, showing magnificent motherland scenery, long history and culture and colorful ethnic customs, and telling the story of China in the new era.

  Xinhua News Agency reporter Li Xiangshe

The concept of the first exposure of "Lion Boy 2" previews that the lion squad dreams of going to the beach.


1905 movie network news On June 26th, the first concept poster and 30-second concept preview were exposed by the directed animated film. As another blockbuster in the "China Youth Universe" series, the film will continue the main line of the first youth’s rise and growth, and continue to exert its strength in the inheritance and display of traditional culture.


In the concept poster, the visual center is still the lion’s head that represents the lion dance, and there are many tall buildings in the distance. The Oriental Pearl Tower reveals that this story will continue the end of the first part and the contents of the eggs. A Juan left her hometown to work in Shanghai to earn money to treat her father. A Juan’s good friends, A Mao and A Gou, also appeared in the poster, and the lion squad assembled and appeared. A Mao held salted fish, symbolizing that he would not forget Master’s teaching, and A Gou held iron pots and spatulas to continue his food-eating characteristics.


The 30-second preview shows the process of A Juan’s finishing a set of Hongquan, and the movements are flowing in one go. In the picture, A Juan is thin and powerful, and her muscle lines are particularly distinct, especially when her muscles exert their strength, which can almost be confused with the real thing, which shows that she makes a fine by going up one flight of stairs. There are more amazing picture details, such as the fluff on the face, the knitted lines of clothes and even the hairballs after washing clothes, all of which highlight the determination of the production team to create fine products.


When the camera zooms out, there are still familiar "lion heads", a string of dogs and cats shaking their feet on the grass. There are two new characters showing their backs, one is a girl wearing a plaid shirt on the left side of the picture, and the other is an uncle who is lazy and casually drinking milk tea. What kind of stories will the three lion teenagers have with them? It is really exciting.


In the first ending egg, A Juan posted a poster of the movie "Huang Feihong, the Oriental Lion" on the bedside of her dormitory in Shanghai, and the details set the stage for the sequel. As a well-known national warrior and martial artist, Huang Feihong is regarded as an idol by Ajuan, which shows her love and determination to inherit traditional culture.


At the same time, it is even more curious. How will the story of "Lion Boy 2" unfold, what kind of opportunities will bring Ajuan into contact with traditional martial arts, and what kind of tests will the lion boys face while not giving up their dream of lion dancing.


The largest size in the audience/excellent parking in subject 2 is interesting enough for Lantu dreamers.

[Information] Founded in 1995, Auto is a high-tech private enterprise listed in Hong Kong. This article is a brief introduction to the relevant information of BYD’s production and sales models in 2009-2010.

Car home BYD BYD F3 07 1.5 Platinum Driving Type

Introduction of BYD factory

At present, BYD has three main factories producing automobiles, which are located in Xi ‘an, Shenzhen and Changsha. Xi ‘an factory is located in Caotang Science and Technology Industrial Base (including engine factory) in Xi ‘an High-tech Zone at the northern foot of Qinling Mountains. Since 2005, it has mainly produced F series, S8 series and G3 series, and L3 will also be produced in Xi ‘an. Shenzhen factory headquarters is located at No.3001, Hengping Highway, Pingshan, Shenzhen (including engine factory). It was opened in 2007 and currently mainly produces F0 series and F trains.

Car home BYD BYD F3 08 1.6 automatic transmission. Car home BYD BYD e6 09 Basic Model

● Introduction of BYD’s production capacity in 2009

In 2009, BYD’s production capacity reached 500,000 vehicles. Among them, the production capacity of Xi ‘an plant is 300,000 vehicles, and the annual production capacity of Shenzhen Pingshan Automobile Base is 200,000 vehicles.

● BYD sales in 2009

BYD sold 448,396 vehicles in 2009, an increase of 162.40% compared with the sales of 170,880 vehicles in 2008.Among the annual sales of nearly 450,000 vehicles, nearly half of them are the achievements of F3.

Annual sales of BYD in 2009 car make and model Cumulative sales (vehicles) F3(F3R) 290963 F0 102931 F6 52440 G3 1919 S8 96 F3DM 48

● The output will reach 800,000 vehicles by the end of 2010.

In 2010, BYD’s sales target was 800,000 vehicles. According to the previously published data, BYD’s production capacity in 2009 was 500,000 vehicles, which was not enough to support the sales target of 800,000 vehicles in 2010.

Therefore, BYD will continue to improve production efficiency this year (by increasing production shifts, etc.) to achieve the purpose of increasing production capacity, so as to strive to achieve the sales target of 800,000 vehicles by the end of the year.

In the sales plan for 2010, F3 series is still the most important vehicle, with 270,000 vehicles planned to be sold, F0 plans to sell 150,000 vehicles, F6 and G3 undertake the sales task of 100,000 vehicles respectively, and dual-mode electric vehicle F3DM and convertible S8 are expected to sell 10,000 vehicles. A total of 170,000 new cars L3, I6, G6, M6 and S6 will be sold next year.

● BYD expansion project in 2010

With the increase in the number of new cars, the production capacity of the current two BYD factories is far from enough. Now BYD has started to build and expand new factories to meet the strong production plan.

"BYD Shenzhen factory is about to expand"

● Construction of BYD’s new factory

1. In order to meet the market supply, BYD has started the construction of the Second Factory in Xi ‘an, with a total investment of 5 billion yuan, covering an area of 4,500 mu, adding 400,000 vehicles and auto parts. Xi ‘an No.2 Factory is expected to put the vehicle project into production in the first half of 2011, and complete the production capacity of 400,000 vehicles, engines and parts in 2013. By then, BYD Auto’s two plants in Xi ‘an will form an annual production scale of more than 700,000 complete vehicles and key parts.

2. The equipment installation project of Shenzhen Pingshan Painting Phase II started in May 2009, and about half of the whole construction project has been completed; Part of the equipment infrastructure construction in the second phase of punching and welding has been basically completed, while the rest is under intense construction and will be completed and delivered soon; The preparatory work for the third phase of the punching and welding project has been completed, and construction has started as scheduled; The third line of final assembly has entered the final debugging stage.

3. The Changsha factory was just acquired by BYD in 2009. It is located near Hunan Environmental Protection Science and Technology Park and Hongxing Flower Market of South Bus Station. It is expected to mainly produce vans and buses in the future.

Car home BYD BYD F3 08 DM dual-mode electric vehicle Car home BYD S8 09 2.0 automatic flagship

Therefore, before the completion of the new factory, BYD’s production capacity will be improved in 2010, but it will remain within 800,000 units (No.1 factory in Xi ‘an+Shenzhen factory), and the production capacity may exceed one million units by the end of 2013 (700,000 units in Xi ‘an+300,000 units in Shenzhen factory).

● New car outlook

Home of the car

BYD L3

L3, which has attracted much attention from the industry, will be launched after the Spring Festival. It will be powered by 1.5L and 1.8L displacement engines, and the 1.8L model will also be equipped with a transmission. The electric car e6 will also be put into production with the Shenzhen factory. At the same time, BYD’s subsequent new car planning also includes F2, F5, S1, S3, M3 and so on.

Generally speaking, to increase the sales volume greatly in 2010 mainly depends on the addition of new models. Of course, F3 series is still the cornerstone of BYD’s automobile sales. BYD is a key manufacturer of environmental protection brand among its own brands. Besides F3DM, pure electric vehicle e6 will also be put on the market this year for government, public utilities or taxi fleet. (Text/car home Wang Wei)

"Dead Munich" and "Sergey" came to China to wish Sino-Russian friendship long live.

1905 movie network news The box office in mainland China has exceeded 30 million. kirill Zayetsev, the beloved actor of "Sergey" in the film, came to Shanghai, the first stop of China’s trip. He not only talked with the audience before and after the film, but also expressed his good wishes for the friendship between China and Russia, and also expressed his deep condolences to the earthquake-stricken areas. Zhou Yiwei, a famous actor, also appeared at the scene with surprise, praising "The Dead Munich" as an excellent film, which can convey emotion to the society.

"Sergey" came to China for the first time to share some photos, praying for Yibin and wishing Sino-Russian friendship long live.

Russian actor kirill Zayetsev, the actor of "Sergei", started his first trip to China yesterday. He watched the film with the audience in China and shared the footage of the film shooting. "In order to play the professional player" Sergei "well, I read many biographical stories of the original characters and made in-depth research on the characters, and I started closed training one year in advance for the film, and practiced for up to 12 hours every day." No matter the interpretation of characters or the understanding of movies, we can see that kirill is a very good actor with professionalism.

Kirill also had a close interaction with fans at the scene. When asked about his favorite China filmmaker, he also said, "I like Jackie Chan best because I like the Chinese sense of humor in his movies." He not only expressed his affection for China and his good wishes for the friendship between the Chinese and Russian peoples, but also sent heartfelt concerns and prayers to the disaster-stricken areas in Yibin.

 

The strong counterattack of the box office of the film continued to heat up, and Zhou Yiwei praised the film as excellent as the "drug god"

After its release, "Dead Munich" gained a high reputation, leading other new films in the same period in all major platforms, and the high score of 9.6 also made the film the winner of Cat’s Eye 2019 film reputation. With the increasing popularity of the public, the single-day box office kept the second place in the same period, and the total box office also broke through the 30 million mark in the continuous counterattack, which is undoubtedly the biggest explosive dark horse in the whole June movie market.

Zhou Yiwei, a famous actor, also made a surprise appearance at kirill Zayetsev’s trip to China and shared his feelings about watching movies. "There are few movies that can make the audience applaud spontaneously all the time during the movie. The uninterrupted applause of everyone is the highest praise for this film." He also praised the powerful spirit and social significance expressed by the film. "The Dead Man Munich, like Dying to Survive I shot last year, is a film full of honor. Whether it is based on the personal level, the life level or the national level, the film conveys a very powerful force to people. " The interaction between outstanding young actors of the two countries has also left beautiful memories for the cultural exchanges between the two countries on the occasion of the 70th anniversary of the establishment of diplomatic relations between China and Russia.

Russian actor kirill Zayetsev, who plays "Sergei" in the film, will also continue his trip to China to meet the audience in Beijing and Tianjin.


[Great Oriental Tide, New Era of Endeavour] The end of the 2018 Digital Expo attracted 120,000 people to watch the exhibition and signed 199 investment projects.

  The 2018 China International Big Data Industry Expo, co-sponsored by the National Development and Reform Commission, the Ministry of Industry and Information Technology, the National Network Information Office and the Guizhou Provincial People’s Government, came to an end on the 29th. The annual theme of the conference is "integrating all things with digital intelligence", and it revolves around "two sessions in the same period, one exhibition, one competition and a series of activities". A total of opening and closing ceremonies, eight high-end dialogues, 65 professional forums, 40 results release, 81 investment promotion and 278 business visits were held, and 199 investment projects were signed, with an amount of 35.28 billion yuan.

  Participants agreed that the 2018 Expo highlights the charm of data, the beauty of intelligence and the way of integration. On the basis of the previous three conferences, the level of internationalization, specialization, industrialization and marketization has been significantly improved, and the influence is getting bigger and bigger. The brand awareness is getting higher and higher, and the Expo has become the vane of global big data development and an authoritative international platform for the industry.

[Great Oriental Tide, New Era of Endeavour] The end of the 2018 Digital Expo attracted 120,000 people to watch the exhibition and signed 199 investment projects.

  In addition, the 2018 China E-commerce Innovation and Development Summit held in the same period, with the theme of "new e-commerce leads new integration, and the new era promotes new development", held the CEO salon, the main forum, eight sub-forums and the annual ceremony, and released the "2017 China E-commerce Development Index Report", which selected ten awards such as the annual smart business technology model, the annual transformation enterprise and the annual cutting-edge figure, and reached the Guiyang consensus of the summit, becoming the e-commerce field.

  In view of the achievements of this Expo, the organizing Committee said: First, the results of attracting investment and attracting talents have been remarkable. During this period, the provinces and cities held a series of investment promotion activities, with rich results and obvious effects. According to preliminary statistics, up to now, Guizhou has successfully signed 199 projects with an amount of 35.28 billion yuan, including 108 projects with an amount of 22.16 billion yuan in Guiyang.

  Second, the theoretical results of big data are more fruitful. For the first time, the conference released some frontier research works on big data, such as White Paper on Digital Economy and Digital Governance 2018, Digital China, Blockchain+Empowering Digital Economy, Valley Counting in China: Big Data Leading Green Rise, Block Data 4.0: Active Data Science in the Age of Artificial Intelligence, Blue Book of Big Data: China’s Big Data Development Report NO.2, Case Series of Excellent Products and Application Solutions of Big Data. For the first time, the 2018 urban data security index jointly researched by 360 Key Laboratory of Data Security and other units, the forest index jointly researched by Fudan University and other units were released, and the 2018 White Paper on China Digital Economy Index was also released.

  Third, the concept of integration and innovation is deeply rooted in the hearts of the people. Through the continuous implementation of the big data strategic action and the successful holding of the fourth Digital Expo, the big data industry in Guizhou Province has flourished, and the political, commercial and civil use of big data has achieved remarkable results, which has profoundly affected all fields of economic and social development and injected a strong impetus into high-quality development.

  Fourth, public participation continued to increase. In addition to professional visitors, this year’s Digital Expo attracted more than 70,000 people to buy tickets at their own expense to watch the exhibition and experience the charm of cutting-edge technology, especially the special theme experience halls such as AR, VR and AI, which were extremely popular and queued up to experience the latest wearable devices, smart homes and terminal experience projects. (Reporter Li Zhengyi)

Canadian Prime Minister Trudeau sang Bohemian Rhapsody before the funeral of the Queen of England and was criticized for "inappropriate behavior."

(Observer News) In the state funeral ceremony of Queen Elizabeth II, Canadian Prime Minister Trudeau was pushed to the forefront because of a video.
Comprehensive Canadian media "CTV NEWS" and British media "Independent" reported on the 19th that Trudeau was photographed in a hotel in London, England, two days before the funeral, and sang Bohemian Rhapsody, a famous song by British Queen. The video immediately went viral on social media, and some critics accused him of "improper behavior" during the British national mourning.
The British "Mirror" said that Trudeau’s insensitivity during the British national mourning and his revelry less than 48 hours after the funeral caused British anger. The "Daily Mail" even took the lyrics sung by Trudeau to say things. "When you say it, you will come and go." (easy come, easy go) ",some British netizens think it is an insinuation of the Queen’s death.
The Canadian Prime Minister’s Office confirmed the authenticity of this video on the 19th, saying that Trudeau was improvising with some members of the official Canadian delegation to Britain to pay tribute to the Queen.

00:14
According to the Independent, two days before the funeral of Queen Elizabeth II, Canadian Prime Minister Trudeau was photographed in the lobby of London Corinthia Hotel where the Canadian delegation stayed last Saturday, singing Queen’s song Bohemian Rhapsody.
In the video, I saw Trudeau wearing a red-brown T-shirt, putting his hands on the piano and singing emotionally: "Come when you say it, leave when you say it, sometimes high and sometimes low. It doesn’t matter to me where the wind blows. (easy come, easy go, little high, little low. Any way the wind blows doesn’t really matter to me.)”
Playing the piano for him is a member of the Canadian delegation, Gregory Charles, a famous Quebec musician, and some members of the delegation are on the sidelines.
The video was shot after the Canadian delegation attended a dinner on Saturday night. After it went viral on social media, critics accused Trudeau of "misconduct" during the 10-day mourning in Britain.
The British "Mirror" said that Trudeau’s insensitivity during the British national mourning and his revelry and teasing less than 48 hours after the funeral aroused the anger of the British.
The Daily Mail also said that on the most solemn day in British history, Trudeau "didn’t realize the solemn reason for his visit to London". The article sarcastically said, "Just six months ago, Trudeau held the Queen’s hand affectionately at Windsor Castle, calling her’ one of my favorite people in the world’." "Now he is singing’ Come when you say it, go when you say it’. (easy come,easy go)”
It seems that he is dissatisfied with Trudeau’s behavior. The Daily Mail turned his head and used a long speech to smash his black history of painting his face black, dressing up as a black man and molesting a female reporter, and criticized him as "the center of the scandal" since he took office.
Many British netizens also said that they were touched by the lyrics, "You deliberately laughed at our queen (‘just leave when you say it’), disgusting us, show some respect!"
Nile Gardiner, a scholar at the American Heritage Foundation and former adviser to former British Prime Minister Margaret Thatcher, also forwarded the video. It is unbelievable: "I can’t believe this clown turned out to be the prime minister of a beautiful country like Canada."
The video also caused widespread criticism in Canada. Some netizens apologized to the British people on Twitter. "Our Prime Minister spent the money paid by Canadian citizens (paying taxes) to attend the Queen’s funeral on behalf of Canada, and I apologize for the embarrassment he caused." "The British will not like Trudeau to have a party on the eve of their beloved Queen’s funeral. It is a shame. "
"When Britain is mourning for her queen, Trudeau sings,’ It doesn’t matter to me to come and go’. Mean, stupid or rude, he chooses one or all of these three adjectives. "
Others said, "Considering the situation at that time and his (Trudeau’s) status, this is an undignified and inappropriate performance."
"In order to celebrate being the queen of Canada, Trudeau drunk and sang for the audience at his predecessor’s funeral. Elegance never goes out of fashion … "Canadian journalist Keean Bexte sneered," This is one of Trudeau’s most embarrassing moments so far. "
Amid the buzz, the Canadian Prime Minister’s Office confirmed the authenticity of the online video on the 19th, but said Trudeau was improvising with some members of the official delegation to Britain and Canada to pay tribute to the Queen.
The spokesman said in a statement that Trudeau and members of the Canadian delegation attended a small party last Saturday night, and everyone gathered to pay tribute to the Queen. Gregory Charles, a famous musician from Quebec and winner of the Canadian Medal, played the piano in the lobby of the hotel, and Trudeau then joined the chorus. The statement also stressed that "in the past 10 days, the Prime Minister has participated in various activities to express his respect for the Queen."
Charles, who plays the piano, later confirmed to the Canadian media that almost everyone sang with himself that night, and everyone sang for almost two hours. He also said that the chorus reminded him of the funeral customs in the Caribbean, "where mourning is often intertwined with celebrating a person’s life" and "this is the feeling, very interesting".
As a Commonwealth country, the head of state of Canada is the British King, and the Governor-General acts for the British King. Elizabeth II made 22 official visits to Canada as Queen of England before her death.
After the death of Elizabeth II on September 8, the Canadian government announced a 10-day mourning period. During this period, Canadian officials lowered flags at half mast in all buildings and places inside and outside Canada. The Canadian government has set up a mourning webpage for people to mourn online. On the eve of the state funeral, many buildings and landmarks in Canada used lights to play the sapphire blue representing the British royal family.
Britain held a state funeral for the late Queen Elizabeth II on the 19th, and Trudeau led an official Canadian delegation to attend in London. Later, he announced that Canada would donate 20 million Canadian dollars to the Queen Elizabeth Scholar Program, which provides financial support for international exchanges between universities.
Trudeau said that he and the Canadian people thanked Elizabeth II for her selfless service for more than 70 years and paid tribute to her extraordinary life with elegance, dignity and a firm sense of responsibility. During his stay in Britain, Trudeau met King Charles III of England, which showed that Canada was loyal to the British royal family. He also met with the new British Prime Minister Tony Trass and other dignitaries.
Trudeau’s Canadian delegation to Britain also included his wife Sophie, Canadian Governor-General Mary Simon and his wife, two former governors, Michael Jean and Johnston, four former prime ministers, Campbell, Chretien, Martin and Harper, heads of three national organizations of Aboriginal people and some Canadian medal winners. Representatives of the Royal Mounted Police and the military also attended the state funeral of Elizabeth II.
This article is an exclusive manuscript of Observer. It cannot be reproduced without authorization.
Reporting/feedback

The blockchain is on fire, but don’t be confused by these rumors.

Vision china

  Bitcoin’s myth of making money has ignited a brain-burning technology-blockchain. A virtual currency with the highest price soaring to 19,850 US dollars (December 2017) has formed a fiery currency circle by itself. There are even people who fish in troubled waters under the guise of blockchain, write a white paper, issue a set of tokens, and then let the media create momentum. After hanging in the exchange for a few days, they can raise 10 million yuan.

  Since 2018, the financial systems of various countries have stopped or boycotted all kinds of token issuance financing activities, and blockchain technology has been cold. After a year, the blockchain is on fire again, not only in the currency circle, but also in the application of blockchain in various industries. Recently, some media reported that there is still chaos in the currency circle under the blockchain boom, and the operation of clamoring that "double 11" can be 100 times richer is actually illegal fund-raising.

  The blockchain is on fire, and there are various rumors about it.

  Blockchain equals Bitcoin?

  Bitcoin and blockchain are more like the relationship between chicken and egg.

  On November 1, 2008, a post appeared in a cryptographic mailing list: "I am developing a new electronic cash system, which is completely peer-to-peer and does not require any third party’s intervention." Signed Satoshi Nakamoto.

  What followed was the first block in the blockchain, known as the creation block. Except the Chuangshi block has a unique ID number, each subsequent block contains two ID numbers, one is the ID number of the block itself, and the other is the ID number of the preceding block.

  It can be said that Bitcoin is the first application of blockchain technology, and blockchain technology is also derived from Bitcoin, but the two are not equal. In other words, bitcoin and blockchain are more like the relationship between chicken and egg. It is hard to tell whether there is chicken or egg first. What is certain is that the blockchain technology bred from bitcoin has undergone many formal changes in the development process, and it has been innovated according to different application fields.

  "Bitcoin is a representative application of the blockchain public chain. It is a blockchain that anyone in the world can enter the system at any time to read data, send confirmable transactions and compete for accounting." Chen Shanhua, technical director of Beijing Siyuan Zhengtong Technology Group, introduced that Ethereum and Super Account Book introduced smart contracts into the blockchain, and stipulated the trading behavior between me and you by contract. It can be said that smart contracts have opened a new field of blockchain world applications. And the platform provides a complete development description for the encapsulation of the underlying protocol, which lowers the application threshold of blockchain technology and promotes the application of blockchain technology in various industries.

  Blockchain is a chain?

  There are many forms of variation, and a cross-chain mechanism can be formed within the chain.

  If the Internet is more than just a network, then the blockchain must be more than just a chain.

  Cross-chain mechanism can be formed in blockchain, and it is gradually becoming mature and applicable. Cross-chain simply means that information goes from one chain to another, which is a bit like information going from one intranet to another.

  Different modules of a distributed application may be deployed in different chains, so how can it call modules in other chains and how can different modules interact with each other? Chen Shanhua explained, for example, in the field of government affairs, data can be isolated by building account books such as directory chain, license chain and business necklace, and public data and private data can be isolated, thus ensuring data protection.

  From bitcoin to Ethereum, to super ledger, from public chain to alliance chain to private chain, there are many forms of blockchain in different dimensions, and with the application in many fields, blockchain will increasingly become an important infrastructure used in the industry, far beyond the fields of cryptocurrency and financial services.

  Blockchain will expose private data?

  The use of combined encryption technology has not been cracked yet.

  "The data that’ runs’ on the blockchain is encrypted before it is uploaded, so it will not cause the disclosure of private data." Chen Shanhua introduced that the combination of blockchain and asymmetric encryption algorithm, based on the anonymity of blockchain and other capabilities, further maintains the ownership and use rights of data in blockchain. Users can encrypt their private information with personal public key, and the private key is owned by the users themselves. Only the users can decrypt the encrypted information, and both users use each other’s public key for data sharing and transmission, so as to realize point-to-point data sharing security. In the choice of algorithm, the blockchain usually uses the international standard ECC and the Chinese standard SM2. Theoretically speaking, it is very difficult to decrypt this matter itself, and it is almost impossible to do it. Moreover, the blockchain adopts one person and one secret, and the risk of data leakage and cracking is smaller.

  It is reported that since the birth of Bitcoin, the information carried by the blockchain itself has never been intercepted by hackers, and the problems arising are all foreign aid problems such as exchanges. In fact, the security problem of blockchain technology lies in the fact that there may be undiscovered loopholes in its open source code, which may be exploited by hackers.

  Hackers’ attacks on blockchain technology can occur at six different levels: application layer, contract layer, incentive layer and data layer. The 360 security team conducted a security test on a public chain and exchange, and the team found 42 vulnerabilities, including 29 high-risk vulnerabilities that could affect the security of user accounts. Weibo Wang, Information Security Department of 360 Group, said, "By analyzing some security incidents and taking blockchain attacks as the starting point, we can deeply analyze the hacker’s attack methods and do a good job of security protection against different attacks."

  Is the information in the blockchain correct?

  To ensure the authenticity of the data in the chain, a supporting system is needed.

  Blockchain cannot be tampered with. If someone moves the data in a certain node (for example, Zhang San originally transferred one bitcoin to Li Si, but Zhang San gave Li Si two), then the timestamp is wrong, and this node is no longer the original node, and it will be identified. There are still a large number of copies in the blockchain network. If false data is found, it will be repaired, so all information on the blockchain cannot be tampered with.

  But does it mean that the information is correct if it can’t be tampered with? Blockchain can only restrict the information in the virtual world, but it can’t interfere with the authenticity of the actual data on the chain. Kai Wei, deputy director of the Institute of Cloud Computing and Big Data of China Information and Communication Research Institute, said that the connection between the data on the blockchain and the real data is a prominent problem. Every industry has its own pain points when using blockchain. For example, in the traceability industry, how to ensure that the data on the chain corresponds to the traced products one by one without being "replaced"?

  Whether the information written on the chain is true or not can accurately reflect the reality, which cannot be solved by blockchain technology and must be guaranteed by means outside the chain. Kai Wei believes that the construction of supporting systems is needed to ensure the authenticity of data in the blockchain.

  Can blockchain completely eliminate fraudulent activities?

  "Air coin" has always existed, and technical means are difficult to break the human nature problem.

  Recently, a report entitled "Investigation on Currency Circle Chaos under the Blockchain Boom of Claiming" double 11 to Get Rich 100 Times "investigated the resurgent" air currency ":Take Biki Virtual Currency Exchange as an example, relying on a model similar to Pinduoduo, it launched" air currency "and" attracting people "crazily, focused on sinking the market, and launched more than 150 kinds of virtual currency. Biki’s coin projects are basically "air coins" with no underlying technical team and no practical value, and the so-called white paper is full of loopholes. But there are too many people who want to get rich overnight-"We also know that we may be cheated, but we may make a wave just by holding the psychology of who runs fast."

  It is difficult to solve the problem of human nature by technology, and whether fraudulent activities disappear depends on whether people’s greed is reasonably controlled. On the contrary, the emergence of virtual currency has made criminal activities have new channels and turned into areas that are more difficult to detect and control.

  In April 2018, there was a coin circle incident in which a line of code evaporated by 6.4 billion yuan. Just because the hacker found a code loophole, all the market value of the blockchain products related to it was instantly transferred out, approaching zero.

  In addition to the theft of economic benefits, the channels and methods of using bitcoin to pay and money laundering are also varied. "The participation of Bitcoin (most of the encrypted digital currency recognized by the black market is Bitcoin) may make the police’s method of solving crimes by pursuing the capital chain invalid." Natalie of Shandong Police College once said that in his work, he felt that the case was not easy to investigate, and it was much more difficult to trace the criminals. (Reporter Zhang Jiaxing)