The 24-episode large-scale documentary feature film "Dare to Teach the Sun and Moon to Change the Sky" was jointly produced by the Propaganda Department of the CPC Central Committee, the Central Party History and Literature Research Institute, the National Development and Reform Commission, the State Administration of Radio and Television, the China Academy of Social Sciences, the Central Radio and Television Station, the Central Archives and the Political Work Department of the Central Military Commission.

　　Guided by the Supreme Leader’s Socialism with Chinese characteristics Thought in the New Era, the film fully implements the important exposition of the Supreme Leader’s General Secretary on the history of the Party, adheres to a correct view of the history of the Party, seeks truth from facts, and pays attention to the combination of history and theory. It comprehensively shows the great course, brilliant achievements and valuable experience of the Communist Party of China (CPC)’s unremitting struggle in the past 100 years, deeply reflects the vicissitudes and great changes that have taken place in the land of China with the lofty sentiments of "Dare to teach the sun and the moon for a new day", and makes the Chinese nation usher in a great leap from standing up, becoming rich and becoming strong.

　　From June 20th, the film was continuously broadcast at 20: 00 on the CCTV Comprehensive Channel of the Central Radio and Television Station, and the CCTV Record Channel, CCTV News, CCTV Video, CCTV Network, Cloud Listening Client and other new media platforms were launched simultaneously.

　　Episode 11: Flag Raising Orientation

　　In the middle and late 1980s, with the deepening of reform and opening up and the transformation of economic system, many deep-seated contradictions began to emerge in China.

　　Jiang Zemin: "Since the Third Plenary Session of the Eleventh Central Committee of the Party, the line and basic policies have not changed, and we must continue to implement them."

　　It is the common expectation of all people in China that the country is prosperous and the people are safe. Faced with the economic blockade and sanctions imposed by western countries, the Communist Party of China (CPC) people gave a clear answer.

　　Jiang Zemin: "The people of China have never and will never succumb to any external pressure."

　　The 11th Asian Games opened in Beijing.

　　Through efforts, China has effectively responded to external challenges. The sanctions imposed by western countries were finally broken.

　　In 1990, Pudong began to accelerate its development and opening up.

　　The opening of the two exchanges in Shanghai and Shenzhen has sent a strong signal to the world that China’s economic reform will move forward unswervingly.

　　In the early spring of 1992, 88-year-old Deng Xiaoping visited the South and made a series of important talks.

　　Deng Xiaoping: "As long as China does not engage in socialism, reform and opening up, develop the economy, and gradually improve people’s lives, it is a dead end to take any road."

　　Talk in the south is like a strong east wind, which dispels the fog in people’s minds.

　　In October 1992, the 14th National Congress of the Communist Party of China was successfully held.

　　The congress decided that the goal of China’s economic system reform is to establish a socialist market economic system.

　　In September 1997, the 15th National Congress of the Communist Party of China was held ceremoniously.

　　The Congress established Deng Xiaoping Theory as the Party’s guiding ideology, put forward the Party’s basic program in the primary stage of socialism, and made strategic arrangements for China’s cross-century development.

　　Joining the World Trade Organization (WTO) is an important decision made by the CPC Central Committee.

　　The Fourth Ministerial Conference of the World Trade Organization: "The Ministerial Conference unanimously adopted."

　　On December 11th, 2001, China became the 143rd member of the WTO, which opened a new world to the outside world.

　　The people of the Communist Party of China (CPC), with Comrade Jiang Zemin as the main representative, have withstood a series of severe tests from home and abroad and nature, raised and stabilized the great banner of Socialism with Chinese characteristics, and brought a prosperous country into the 21st century.

　　Episode 12: Wandering Home

　　Realizing the reunification of the motherland is always the unswerving pursuit of the Communist Party of China (CPC) people and the common aspiration of all Chinese people.

　　On September 22, 1982, China and Britain formally started the negotiations on the Hong Kong issue.

　　On December 19th, 1984, the Joint Declaration on the Question of Hong Kong was signed. The China government announced that it will resume the exercise of sovereignty over Hong Kong on July 1, 1997.

　　In the late transition period, the CPC Central Committee with Comrade Jiang Zemin at the core shoulders the great trust of all China people and bravely shoulders the historical responsibility of realizing the smooth return of Hong Kong to the motherland.

　　 "On behalf of the Chinese People’s Liberation Army troops stationed in Hong Kong, I took over the military camp. You can be laid off and we will take up our posts. I wish you a safe journey."

　　Hong Kong citizens: "Happy, back! I am Chinese! "

　　Jiang Zemin: "This is a great event for the Chinese nation and a victory for the cause of world peace and justice."

　　After a hundred years of vicissitudes, Hong Kong’s successful return to the embrace of the motherland is a great achievement in the history of the Chinese nation. Hong Kong compatriots have since become the real masters of this land of the motherland.

　　When the process of Hong Kong’s return started, another wanderer of the motherland — — Macao is also on the way home.

　　Jiang Zemin: "The Chinese and Portuguese governments held a solemn handover ceremony of Macao’s political power here, announcing that the China government will resume the exercise of sovereignty over Macao. History will always remember this important moment of world concern. "

　　Macao, which experienced negative economic growth for four consecutive years before the reunification and was worried about public security, has one of the fastest economic growth rates in the world since the reunification.

　　Taiwan Province is an inseparable part of China.

　　In the early 1980s, Deng Xiaoping put forward the concept of "one country, two systems", which opened the door for the development of cross-strait relations.

　　Castle peak is the same, and the wind and rain are the same. No matter how the situation on the island changes, the historical trend of realizing the complete reunification of the motherland is irreversible.

　　Supreme leader: "history can’t be chosen, we can grasp it now, and the future can be created!" As long as we work together and strive together, we will certainly be able to accomplish the great cause of the motherland’s reunification!

　　Text: Ren Zeping Xiong Chai Zhou Zhe of Evergrande Research Institute.

　　Intern Zhou Xinyi and others contributed to this article.

　　guide reading

　　In July 2018, Politburo meeting of the Chinese Communist Party put forward the requirement of "six stabilities" to do a good job in economic work, putting "stable employment" in the first place. In 2019, the Government Work Report put the employment priority policy at the macro-policy level for the first time, and asked higher vocational colleges to expand enrollment by 1 million. In May, the the State Council Employment Leading Group was established for the first time, which showed that the central government attached great importance to employment. What is the current employment situation in China?

　　abstract

　　There are limitations or distortions in judging the employment situation only by official unemployment rate and other data. 1) The registered unemployment rate in cities and towns depends on the unemployed taking the initiative to register with the social and social departments, and it is only for the non-agricultural population. The data fluctuates slightly, and it fell to 3.61% at the end of the second quarter of 2019, which is not related to the economic trend. 2) The urban survey unemployment rate was officially announced from the beginning of 2018, and it continued to be higher than 5% in 2019 and 5.1% in June. However, the survey sample of 85,000 urban households only accounts for 0.03% of the urban employment in China, and the sampling rate is only half of 0.07% in the United States. Moreover, it is not representative of migrant workers and the sampling frame is aging. 3) The recruitment rate depends on the fact that job seekers and employers voluntarily register with local public employment service agencies, and the data shows a long-term upward trend, with limited reference value. In the second quarter of 2019, it was 1.22, both year-on-year and quarter-on-quarter. 4) To judge the employment situation, we need not only employment quantity indicators such as unemployment rate, but also employment quality indicators such as average working hours, salary growth rate and part-time job ratio, but there are limited indicators to measure employment quality at present.

　　Other employment data reflect the current real employment pressure. 1) The number of new jobs in cities and towns decreased by 2% year-on-year in the first half of this year, and the growth rate of the number of people receiving unemployment benefits and re-employment was not optimistic. In the first half of 2019, there were only 7.47 million new jobs in cities and towns, a year-on-year decrease of 2.0%, and the target completion rate dropped to 67.0%, a decrease of 1.4 percentage points compared with the first half of last year. In the first quarter of 2019, the year-on-year growth rate of the number of people receiving unemployment insurance benefits has increased for five consecutive quarters. From January to May 2019, the number of unemployed people in cities and towns re-employed decreased by 9.1%, and the number of people with employment difficulties decreased by 4.2%. 2) Both manufacturing and non-manufacturing PMI employee indices tend to decline. In June 2019, the manufacturing PMI employee index fell to 46.9%, the lowest since March 2009; Non-manufacturing PMI employees index fell to 48.2%, falling for two consecutive months. 3) The CIER index of Renmin University and Zhilian recruitment is still at a low level in the second quarter. The CIER index is the ratio of recruitment demand to the number of applicants on the Zhaopin recruitment website, which was 1.89 in the second quarter of 2019, although it rose slightly year-on-year, it was still at a low level. In terms of regions, the CIER indices in the eastern, central, western and northeastern regions in the second quarter of 2019 were 1.18, 1.14, 0.92 and 0.66, respectively, which all declined year-on-year, and the eastern region experienced the largest decline; In terms of cities, the CIER indices of first-tier, new-tier, second-tier and third-tier cities are 0.60, 0.94, 1.18 and 1.25 respectively.Second-and third-tier cities saw the biggest decline. 4) In the first half of 2019, the search volume of job-related keywords in Baidu Index surged. The search volume of Baidu for keywords such as "looking for a job", "recruitment", "recruitment information" and "unemployment benefits" in the past 90 days increased by 482%, 492%, 80% and 122% respectively.

　　The economic downturn will further put pressure on the job market. 1) The current economic and financial situation is grim. In the second quarter of 2019, the GDP growth rate dropped to a new low of 6.2%, 0.2 percentage points lower than that in the first quarter. Moreover, the impact of the escalation of trade friction in May and the intensive introduction of real estate financing tightening policies has not yet appeared. Recently, leading economic indicators have declined, such as real estate sales, land purchase and funding sources, PMI orders and PMI export orders. Moreover, the economic and financial structure is deteriorating. For example, the proportion of medium and long-term loans of enterprises has declined, while the proportion of short-term loans and short-term financing has increased; PPI goes down, and corporate profits decline. Although the continuous reduction of labor supply will alleviate the employment pressure, the economic slowdown will lead to a further slowdown in labor demand and further pressure on the job market, although large-scale unemployment is unlikely. 2) From the perspective of industry, the employment in manufacturing industry is mainly affected by the downturn in exports and the decline in profits of PPI-declining enterprises. The construction industry is affected by the limited space for infrastructure recovery and the decline in real estate investment, and the follow-up is not optimistic; According to Zhaopin’s recruitment data, the recruitment demand in the financial industry decreased by 39.7% and 37.0% in the first and second quarters respectively, and the Internet/e-commerce decreased by 22.5% and 13.6% respectively. From the perspective of key groups, the scale of college graduates continues to hit a new high, the growth rate of migrant workers slows down but their age is aging, the scale of "4050" personnel rises, and the employment pressure is greater. 3) Policy suggestions. First, further vigorously optimize the business environment, promote the implementation of tax reduction and fee reduction, and smooth financing channels.Give full play to the role of enterprises as the main body of stable employment, especially private and small and medium-sized enterprises. Private and small and medium-sized enterprises are the main body to attract employment, but the business environment has deteriorated in the past few years, including being injured to some extent in the past deleveraging, capacity reduction and environmental protection storms, and the continued downturn in exports has increased their survival pressure, coupled with poor financing channels and liquidity stratification. Although the government has issued a number of policies to bail out private and small and medium-sized enterprises, the effect of the policies remains to be seen. Second, increase the opening up of the service industry, especially the financial, educational, medical and telecommunications industries; Accelerate the construction of metropolitan areas and urban agglomerations with big cities as the core, increase the density and frequency of economically active population to promote agglomeration, and give full play to the role of service industry in absorbing employment. The third is to promote the stable and healthy development of the real estate market, not only to prevent excessive financial bubble, but also to prevent active puncture from causing major financial risks. Fourth, solidly promote the large-scale enrollment expansion of higher vocational colleges, implement large-scale vocational skills training, and promote the transformation of labor skills to meet the needs of industrial transformation and upgrading.

　　Risk warning: the official unemployment rate is limited or distorted, and the policy fluctuates greatly.

　　catalogue

　　1 there are limitations in judging the employment situation simply by official unemployment rate and other data.

　　2 Other employment data reflect the current employment pressure.

　　2.1 New jobs in cities and towns decreased by 2% year-on-year in the first half of the year, and the growth rate of unemployment benefits and re-employment was not optimistic.

　　2.2 manufacturing and non-manufacturing PMI employees’ indices are trending downward.

　　2.3 Renmin University and Zhilian recruitment CIER index is still at a low level in the second quarter.

　　2.4 Baidu Index job search related keywords surged in the first half of the year.

　　The economic downturn will further put pressure on the job market, but the possibility of mass unemployment is very low.

　　3.1 The current economic and financial situation is grim, and the labor market will be further under pressure.

　　3.2 The employment pressure of some industries and key groups will be further highlighted.

　　3.3 Policy recommendations

　　main body

　　1 there are limitations in judging the employment situation simply by official unemployment rate and other data.

　　What is employment? According to the definition of the International Labour Organization, people who have worked for at least one hour in order to obtain labor remuneration or business income during the reference week of the survey, as well as people who are on vacation or temporarily suspended from work but are not working, are regarded as employed persons. Therefore, to judge the employment situation, we need to observe not only the overall unemployment rate, the unemployment rate by age, but also the ratio of job vacancies and job seekers, the average working time of employed people, the salary growth rate and the part-time employment ratio. Although China has improved its employment statistics, there are still obvious problems, which are difficult to fully reflect the real employment situation.

　　1) The registered unemployment rate in cities and towns depends on the unemployed taking the initiative to register with the social and social departments, and it is only for the non-agricultural population. The data fluctuates slightly, and it fell to 3.61% in the second quarter of 2019, which is not related to the economic trend. In the early 1980s, China began to establish a registered unemployment system, which was called "unemployment statistics" at that time, and it was changed to "registered unemployment" in 1994. Urban registered unemployment rate = urban registered unemployed/(urban employees+urban registered unemployed). Registered unemployed people in cities and towns are unemployed people who are non-agricultural registered permanent residence, aged over 16 to retirement age, have the ability to work, are unemployed and ask for employment, and voluntarily register with public employment service agencies. Obviously, the registered unemployed do not include migrant workers and other permanent residents, so it is difficult to reflect the real unemployment situation. According to the data, the registered unemployment rate in cities and towns remained stable between 4.0% and 4.3% for a long time from 2002 to 2016, and continued to drop to 3.61% in June 2019 from 2017, which is obviously inconsistent with the economic growth trend.

　　2) The survey unemployment rate has been officially announced since the beginning of 2018, but the survey sample of 85,000 urban families only accounts for about 0.03% of the urban employment in China, and the sampling rate is only half of 0.07% in the United States, and the sample rotation problem leads to insufficient representation of migrant workers. In view of the above-mentioned problems of registered unemployment rate in cities and towns, the National Bureau of Statistics officially implemented the national labor force sampling survey twice a year in 2005, established the monthly labor force sampling survey system in 31 big cities in 2009, and expanded it to 65 cities in 2013. In 2016, the monthly labor force survey covered all prefecture-level cities (prefectures and leagues) and sampled 120,000 families in China, and began to publish the unemployment rate data of urban surveys continuously in early 2018. Obviously different from the registered unemployment rate in cities and towns, the survey unemployment rate in cities and towns in China is based on the statistics of permanent residents, and adopts the unemployment standard of the International Labour Organization, that is, people aged 16 or above who have no job but have been actively looking for a job in the past three months.

　　From the trend point of view, the survey unemployment rate in China and 31 big cities are weakly related to the trend of GDP, and the unemployment rate and GDP growth rate in 31 big cities with relatively long data period basically keep changing in the same direction. Judging from the urban survey unemployment rate, it has been fluctuating in the range of 4.8%-5.3% since January 2018, and it has been higher than 5% since January 2019 and 5.1% in June 2019. Because the urban survey unemployment rate is close to the natural unemployment rate of about 5%, the official believes that there is no periodic unemployment. From a year-on-year perspective, the urban survey unemployment rate basically continued to rise from -0.2 percentage points in January 2018 to 0.3 percentage points in June 2019.

　　There are still three problems in China’s urban survey unemployment rate statistics: First, the sample is insufficient. Among the 120,000 households in the monthly labor force survey, there are about 85,000 households (household units) in cities and towns, accounting for only 0.03% of the urban employment in China. In the United States, the survey sample in the unemployment rate statistics is 60,000 households, accounting for about 0.07% of the non-agricultural employment in the United States. Second, the representativeness of the foreign resident population may be insufficient. In the survey, in order to avoid sample aging, the National Bureau of Statistics adopts sample rotation, that is, it withdraws from the survey after completing four surveys within two years, which means that investigators must find relatively stable families, and permanent migrants with strong mobility may be excluded. Moreover, when the employment situation is not good, some migrant workers return to the countryside, which makes the urban unemployment rate lower in data. Third, the sampling frame is aging. According to the local statistics department, the data of the sixth population census in 2010 is used as the primary sampling frame. Although it is updated every year, it is only a simple expansion in practice, and the newly-built community still cannot enter the sampling frame, which leads to the serious aging of the existing survey samples and poor sample representativeness.

　　3) The recruitment rate depends on job seekers and employers voluntarily going to local public employment service agencies to register, and the data shows a long-term upward trend, with limited reference value. Multiplication ratio = job vacancy/number of job seekers. The data comes from public employment service agencies in 100 cities in Ministry of Human Resources and Social Security. Urban and rural workers who are of working age, have the ability to work and have employment requirements can apply for public employment services in the public employment service institutions of their permanent residence with relevant documents such as resident identity cards; Employers can consult with public employment service agencies and apply for employment services. Since the fourth quarter of 2010, the recruitment ratio has exceeded 1 and basically increased, and it has dropped to 1.22 in the second quarter of 2019, down by 0.05 and 0.01 percentage points respectively from the previous quarter and the same period last year. The relationship between the recruitment ratio and GDP change is weak, mainly because it relies on public employment service agencies at all levels to collect data by registration, and does not include new job-seeking channels such as campus recruitment, online recruitment and employment agency, which has narrow coverage and limited reference significance. As a reference, the US Department of Labor released JOLTS job vacancy data, which comes from the monthly survey of job vacancies and labor turnover rate, which surveys employers about the employment situation of enterprises, the number of vacant positions, recruitment and dismissal, etc. The survey sample covers about 16,000 American enterprises, covering most areas of the American economy. JOLT job vacancies in the United States have a wider coverage, which can better reflect the employment situation and positively change with the year-on-year growth rate of GDP.

　　4) Judging the employment situation requires not only employment quantity indicators such as unemployment rate, but also employment quality indicators such as average working hours, salary growth rate and part-time job ratio. However, there are limited indicators to measure employment quality at present, and there are also sampling problems. Enterprises rarely lay off employees immediately at the beginning of the bad economic situation, but generally choose to reduce wages and working hours first. In this case, the unemployment rate in urban surveys will not rise, but the quality of employment has begun to deteriorate. According to the monthly labor force survey of the National Bureau of Statistics, in June 2019, the average weekly working hours of employed people nationwide were 45.7 hours, 0.6 hours lower than that of the previous month and 0.2 hours lower than that of the same period of last year. However, there is also the problem of insufficient representation of migrant workers due to insufficient samples and sampling deviation, and there are no more employment indicators for reference. In contrast, the US Department of Labor publishes monthly indicators such as average weekly working hours, average weekly salary, full-time and part-time employment, which are comprehensive and can comprehensively reflect the quality of employment.

　　2 Other employment data reflect the current employment pressure.

　　Considering the limitations of the aforementioned employment indicators, we try to infer the current employment situation from other official and unofficial data.

　　2.1 New jobs in cities and towns decreased by 2% year-on-year in the first half of the year, and the growth rate of unemployment benefits and re-employment was not optimistic.

　　In the first half of 2019, the number of newly employed people in cities and towns was only 7.47 million, down 2.0% year-on-year, and the target completion rate dropped to 67.0%, down 1.4 percentage points from the first half of last year. In 2003, a statistical system was established for new employment in cities and towns, and the number of new employees in cities and towns = the cumulative number of new employees in cities and towns during the reporting period-the number of natural attrition. The statistics of new employment in cities and towns are not restricted by household registration, and include various forms of employment with a wide caliber, but it cannot be ruled out that someone frequently changes jobs many times in a year. In July 2018, the cumulative year-on-year growth rate of the number of newly employed urban workers reached a stage high of 2.9%, and then the trend declined. At the beginning of 2019, the cumulative number of newly employed urban workers began to grow negatively, reaching 7.47 million in June, a year-on-year decrease of 2.0%. The target completion rate was 67.0%, which was 1.4 percentage points lower than the 68.4% in January-June 2018.

　　In the first quarter of 2019, the year-on-year growth rate of the number of people receiving unemployment insurance increased for five consecutive quarters. The number of unemployed people in cities and towns re-employed decreased by 9.1% from January to May 2019, and the number of people with employment difficulties decreased by 4.2%. The recipients of unemployment insurance benefits are employees of urban enterprises and institutions. In the first quarter of 2019, the number of people receiving unemployment insurance benefits was 2.27 million, up 1.8% from the previous month and the same period of last year. Among them, the growth rate of the previous month turned from negative to positive, and the year-on-year growth rate increased for five consecutive quarters. The number of unemployed people re-employed in cities and towns was 2.09 million from January to May 2019, a sharp decrease of 9.1% year-on-year, and the year-on-year growth rate dropped sharply for two consecutive months. In September 2018, the year-on-year growth rate of people with employment difficulties reached a high of 16.2% in recent years, and then began to decline rapidly. In February 2019, the year-on-year growth rate began to turn negative. From January to May 2019, the number of people with employment difficulties was 690,000, a year-on-year decrease of 4.2%.

　　2.2 manufacturing and non-manufacturing PMI employees’ indices are trending downward.

　　The PMI employee index reflects the views of enterprises on the scale of current employees compared with the previous period. In June 2019, the manufacturing PMI employee index fell to 46.9%, the lowest since March 2009; Non-manufacturing PMI employees index fell to 48.2%. PMI employee index is one of five sub-indices of PMI, among which manufacturing PMI started to be counted in 2005, with a sample of 3,000 enterprises; Non-manufacturing PMI began to be counted in 2007, targeting 4,000 sample enterprises. 50% is the critical point of expansion and contraction, and a PMI employee index of less than 50% means that more business leaders believe that the number of production and operation personnel is lower than that of a month ago.

　　Judging from the manufacturing PMI employee index, the manufacturing PMI employee index has been below 50% for 27 consecutive months since March 2017; In June 2019, it fell to 46.9%, falling for three consecutive months, down 0.1 percentage points from the previous month and 2.1 percentage points from the same period last year. Among them, the PMI employee index of large, medium and small enterprises in manufacturing industry began to decline in the second half of 2018, and it was 47.0%, 45.9% and 48.3% respectively in June 2019, down 2.0, 2.4 and 1.9 percentage points respectively year-on-year. Medium-sized enterprises not only had a lower absolute level, but also had a larger decline.

　　Judging from the non-manufacturing PMI employee index, the non-manufacturing PMI employee index began to remain below 50% in September 2018, and fell to 48.2% in June 2019, falling for two consecutive months, down 0.1 and 0.7 percentage points respectively from the previous month and the same period last year. Among them, the construction industry PMI employee index began to decline rapidly from 54.1% in March 2019, and fell to 50.4% in June 2019. The service industry PMI employee index continued to be below 50% after July 2014, and began to decline rapidly from 49.7% in August 2018, and fell to 47.9% in June 2019.

　　Similarly, in the questionnaire survey of urban depositors of the central bank, the employment perception index and employment expectation index in the second quarter of 2019 were 44.2% and 52.3%, respectively, down 1.6 and 1.5 percentage points from the previous month. The questionnaire survey of urban depositors is a quarterly survey system established by the People’s Bank of China since 1999. Every quarter, 20,000 depositors are selected from 50 cities (large, medium and small) in China as the survey objects, and the employment feeling index and employment expectation index reflect the views of depositors on employment. From the first quarter to the second quarter of 2018, both the employment feeling index and the employment expectation index stopped rising and declined in fluctuations. In the second quarter of 2019, the employment experience index was 44.2%, down 1.6 and 0.8 percentage points respectively from the previous quarter and the same period of last year; The employment expectation index was 52.3%, down 1.5 percentage points from the previous month and flat year-on-year. In the second quarter of 2019, the proportion of people who chose "good situation and easy employment" in the employment experience index was 15.5%, down 0.8 percentage points from the previous month and flat year-on-year.

　　2.3 Renmin University and Zhilian recruitment CIER index is still at a low level in the second quarter.

　　The CIER index is the ratio of recruitment demand to the number of applicants on the Zhaopin recruitment website, which was 1.89 in the second quarter of 2019, although it rose slightly year-on-year, it was still at a low level. CIER index is a China employment market prosperity index jointly launched by the Employment Research Institute of Renmin University of China and Zhaopin. It is obtained by analyzing the data of Zhaopin, and it is a good quality and long-term data in the current unofficial employment statistics. CIER index = total recruitment demand/total number of applicants, with 1 as the watershed. When it is greater than 1, it indicates that the demand for labor in the job market is more than the supply of labor in the market, the competition in the job market tends to ease, and the job market is prosperous. In the second quarter of 2019, the CIER index was 1.89, up 0.21 and 0.01 respectively from the previous quarter and the same period last year. From the perspective of the chain, the increase was mainly due to seasonal factors. After entering the second quarter, the demand for employment increased significantly, and the number of people in need increased by 15.7%. After the peak of rework and job-hopping in the Spring Festival, the growth of job-seeking supply slowed down, and the number of job applicants increased by 2.7%. From a year-on-year perspective, the CIER index in the second quarter of 2019 remained at a low level since the second quarter of 2015.

　　In terms of regions, the CIER indices in the eastern, central, western and northeastern regions in the second quarter of 2019 were 1.18, 1.14, 0.92 and 0.66, respectively, which all declined year-on-year, and the eastern region experienced the largest decline; In terms of cities, the CIER indices of first-tier, new-tier, second-tier and third-tier cities are 0.60, 0.94, 1.18 and 1.25, respectively, and the second-tier and third-tier cities have the largest decline; In terms of the nature of enterprises, the CIER index of private enterprises and state-owned enterprises in the second quarter of 2019 was 0.94 and 0.52, respectively, showing a downward trend year-on-year. According to the explanation of the Employment Research Institute of Renmin University of China, the average value of the subentry CIER index is not equal to the overall CIER index, mainly because there may be multiple deliveries by job seekers, and the sum of the subentry job seekers is greater than the overall number of job seekers. In the second quarter of 2019, the CIER indices of the eastern, central, western and northeastern regions were 1.18, 1.14, 0.92 and 0.66, respectively, with the highest employment boom in the eastern region and the lowest in the northeastern region; Compared with the same period of last year, it decreased by 0.28, 0.19, 0.19 and 0.07 respectively, and the employment situation in the east deteriorated the fastest. In the second quarter of 2019, the CIER indices of first-tier, new-tier, second-tier and third-tier cities were 0.60, 0.94, 1.18 and 1.25, respectively, down by 0.11, 0.03, 0.34 and 0.31 percentage points year-on-year, with the second-tier and third-tier cities having the largest decline.In the second quarter of 2019, the CIER indexes of private enterprises, joint ventures, joint-stock enterprises, state-owned enterprises, listed companies and wholly foreign-owned enterprises were 0.94, 0.82, 0.70, 0.52, 0.73 and 0.69, respectively, down by 0.04, 0.05, 0.15, 0.35, 0.29 and 0.23 respectively.

　　2.4 Baidu Index job search related keywords surged in the first half of the year.

　　Baidu index can reflect the active search demand of netizens, and the search volume of keywords such as "looking for a job", "recruitment", "recruitment information" and "unemployment benefits" increased by 482%, 492%, 80% and 122? %, the employment pressure is prominent, and the employment situation is more severe than in previous years. Baidu Index takes the search volume of netizens in Baidu as the data base and keywords as the statistical object, and calculates the weighted sum of the search frequency of each keyword in Baidu web search, which can reflect the active search demand of netizens. 1) "Looking for a job": The Baidu search index of "looking for a job" keywords in 2015-2018 all rose to the peak of around 40,000 after the Spring Festival, with obvious periodicity. In February, April and June, 2019, the search index of "looking for a job" reached the peak of 274,000, 314,000 and 114,000 respectively, which fluctuated violently. As of July 27, 2019, the overall daily average increased by 482% year-on-year. 2) "Recruitment": The Baidu search index of the word "recruitment" largely represents the search will of job seekers. The index has soared since May 2019, rising from less than 10,000 to the current peak of 161,000, up 492% year-on-year in the past 90 days, reflecting the increased difficulty in finding a job and the prominent employment pressure. 3) "Recruitment Information": "Recruitment Information" can be used to represent the job-seeking needs of blue-collar workers. The peak after the Spring Festival in 2019 is nearly 30 times that of 2015-2018, and the unemployment problem of blue-collar and migrant workers is stronger than in previous years. Since July,The index experienced the second small peak in the year, and the daily average in the past 90 days increased by 80% year-on-year. 4) "Conditions for receiving unemployment benefits": The search volume of "Conditions for receiving unemployment benefits" has soared since March 2019, and the daily average value of the search index from March to July is about 2.3 times that of the same period of last year, with a year-on-year increase of 122% in the past 90 days, which means that the number of unemployed people has increased and the employment situation has deteriorated. Therefore, the current employment situation is more severe than in previous years, and the number of job seekers seeking unemployment protection and switching to various recruitment and recruitment websites has increased significantly.

　　The economic downturn will further put pressure on the job market, but the possibility of mass unemployment is very low.

　　3.1 The current economic and financial situation is grim, and the labor market will be further under pressure.

　　The current economic and financial situation is grim. In the second quarter of 2019, the GDP growth rate dropped to a new low of 6.2%, down 0.2 percentage points from the first quarter. Moreover, the impact of the trade war escalated again in May and the intensive introduction of real estate financing tightening policies has not yet appeared. Recently, leading economic indicators have declined, such as real estate sales, land purchase and funding sources, PMI orders and PMI export orders. Moreover, the economic and financial structure is deteriorating. For example, the proportion of medium and long-term loans of enterprises has declined, while the proportion of short-term loans and short-term financing has increased; PPI goes down, and corporate profits decline. In the second quarter of 2019, the real growth rate of GDP was 6.2%. After a short period of stabilization in the first quarter, it was 0.2 percentage points lower than that in the fourth quarter of last year and the first quarter of this year, the lowest point since the quarterly accounting of GDP was implemented in 1992, and it will go down again. The main reasons for the economic downturn are: the short-term inventory recovery is suppressed by the second half of the financial leverage cycle, the export effect of Sino-US trade friction appears, and the real estate investment inflection point appears due to the continuous tightening of real estate regulation. Although the issuance of special bonds has made great efforts, the land revenue has declined, and it is expected that the rebound of infrastructure will be limited, making it difficult to hedge the downward trend of the economy. From the data in June, although economic indicators such as consumption and investment have stabilized, they are still in a downturn, and leading indicators have declined. Among them, the PMI new order index was 49.6% in June, down 0.2 percentage points from the previous month; Real estate sales in June was -2.2% year-on-year, a decrease of 3.3 percentage points from the previous month, but it was still negative.And recently, China Banking and Insurance Regulatory Commission, the National Development and Reform Commission and other departments have comprehensively tightened major financing channels such as bank loans, trusts and overseas debts, and the real estate financing situation in the second half of the year is grim; The medium-and long-term loans of newly-increased enterprises were 375.3 billion yuan in June, a year-on-year decrease of 24.8 billion yuan. The proportion of medium-and long-term loans of enterprises fluctuated at a low level, the loan structure deteriorated, and financial institutions’ distrust of enterprises increased. (See the report of Evergrande Research Institute in July, Born in Worry-Macro Outlook in 2019, Fully Estimating the Severity of the Current Economic and Financial Situation-Fully Interpreting the Economic and Financial Data in June).

　　Although the continuous reduction of labor supply will alleviate the employment pressure, the economic slowdown will lead to a further slowdown in labor demand and further pressure on the job market, but it is unlikely that large-scale unemployment will occur. The working-age population aged 15-59 in China reached a peak of 940 million in 2011, and decreased by 4.29 million annually from 2012 to 2018, with a total decrease of 30.06 million. The labor participation rate (economically active population/population aged 15 -64) gradually decreased to 76.2% in 2018, and the scale of labor supply continued to decrease. The economically active population in China reached a peak of 806.94 million in 2016, and the total number of employed people reached a peak of 776.4 million in 2017. From the perspective of the relationship between economic growth and employment, due to the larger economy and the transformation of economic structure to service industry, although the number of new urban jobs created by unit GDP growth has increased significantly, the downward economic growth has led to a significant slowdown in the growth rate of urban employees and non-agricultural employees. In 2011-2018, the number of newly created urban jobs increased from 1.29 million to 2.06 million, and the number of newly created urban jobs increased from 1.29 million to 1.49 million, which was basically stable in the last three years. The number of newly created non-agricultural jobs decreased from 1.74 million to 960,000, the growth rate of urban employees decreased from 3.54% to 2.25%, and the growth rate of non-agricultural employees decreased from 3.43% to 1.11%. However, as long as the policy is properly handled and no major systemic risks occur, the downside of subsequent economic growth is relatively limited.The possibility of mass unemployment is very low.

　　3.2 The employment pressure of some industries and key groups will be further highlighted.

　　In terms of industries, the employment in manufacturing industry is mainly affected by the downturn in exports and the decline in profits of PPI companies. The construction industry is affected by the limited space for infrastructure recovery and the decline in real estate investment, and the follow-up is not optimistic; According to Zhaopin’s recruitment data, the recruitment demand in the financial industry decreased by 39.7% and 37.0% in the first and second quarters respectively, and the Internet/e-commerce decreased by 22.5% and 13.6% respectively. 1) manufacturing industry. In 2017, the employment of manufacturing industry accounted for 26.3% of the employment of urban non-private units. Affected by the global economic downturn and Sino-US economic and trade frictions, exports continued to be sluggish. In the first half of 2019, exports were 0.1% year-on-year, down 9.8 percentage points from 2018; Among them, exports to the United States were -8.1% year-on-year, down 19.4 percentage points from the whole year of 2018. According to estimates, a 25% tariff on $250 billion of goods will affect the employment of 1.99 million people; If a 25% tariff is imposed on $550 billion of goods, it will affect the employment of 4.2 million people, especially the employment of manufacturing industries such as electromechanical and machinery, and the industrial chain is shifting from China to Viet Nam and other places. From the perspective of corporate profits, the profits of industrial enterprises above designated size decreased by -2.4% year-on-year from January to June 2019, down by 19.6 percentage points compared with the same period of last year. The decline in corporate profits will suppress manufacturing employment. 2) Construction industry. In 2017, the employment in construction industry accounted for 15.0% and 18.9% of the employees in urban non-private units and the number of migrant workers respectively.From January to June, the investment in infrastructure (including water, electricity and gas) was 3.0% year-on-year, and it is expected to continue to rise with the support of the new regulations on special debts; However, the land revenue has fallen sharply, tax reduction and fee reduction have made local governments’ finances tight, and the continuation of local hidden debts has been strictly controlled, and there is limited room for infrastructure investment to rebound. From January to June, the growth rate of investment in real estate development dropped to 10.8%. Weak sales, negative growth in land purchase, and constrained financing of housing enterprises mean that real estate investment will continue to decline slowly in the future. 3) Financial industry and IT industry. According to Zhaopin’s recruitment data, the recruitment demand in the financial industry decreased by 39.7% and 37.0% respectively in the first and second quarters of 2019, especially in the situation of strict financial supervision. Internet/e-commerce recruitment demand decreased by 22.5% and 13.6% respectively. In addition, the demand for real estate/construction/building materials/engineering and computer software in the second quarter decreased by 15.9% and 13.9% respectively.

　　From the perspective of key groups, the scale of college graduates continues to hit a new high, the growth rate of migrant workers slows down but their age is aging, the scale of "4050" personnel rises, and the employment pressure is greater. In terms of college graduates, the number of college graduates (including graduate students) climbed from 880,000 in 1999 to 8.34 million in 2019. Considering that the enrollment of ordinary colleges and universities (including graduate students) increased from 8.03 million to 8.77 million in 2015-2018, the scale of college graduates will continue to reach a new high in the next few years. Because some students’ skills are difficult to adapt to the employment requirements, the pressure of "difficult employment" continues to rise. In terms of migrant workers, the scale of migrant workers increased from 240 million in 2010 to 290 million in 2018, and the growth rate slowed down from 5.4% to 0.6%. However, migrant workers with junior high school education or below are more aging and face greater unemployment risks in the economic downturn. From 2008 to 2018, the proportion of migrant workers over 50 years old rose from 11.4% to 22.4%, and the proportion of 41-50 years old rose from 18.6% to 25.5%. In terms of "4050" personnel, the scale and proportion of "4050" personnel have basically continued to rise, and they are old, with low academic qualifications and single skills, and are prone to long-term unemployment. Among them, from 2003 to 2018, the proportion of women aged 40-59 to women aged 15-59 increased from 38.0% to 47.5%, and the proportion of men aged 50-59 to men aged 15-59 increased from 16.4% to 22.3%.Together, the proportion of the working-age population aged 15-59 rose from 27.1% to 34.6%.

　　3.3 Policy recommendations

　　Generally speaking, in the face of the complicated and severe internal and external situations such as Sino-US trade friction, high macro leverage ratio, increasing downward pressure on the economy, and the critical period of reform and opening up, it is necessary to strengthen countercyclical adjustment through fiscal and monetary policies, and also to maintain strategic strength to prevent flooding. The most important thing is to unswervingly promote reform and opening up, further liberalize market access, restore entrepreneurial confidence, stimulate new growth points such as new economy and service industry, and promote a virtuous circle of economic growth and employment increase. Specifically:

　　First, further vigorously optimize the business environment, promote the implementation of tax reduction and fee reduction, and smooth financing channels, so as to give full play to the role of enterprises as the main body of stable employment, especially private and small and medium-sized enterprises. Private and small and medium-sized enterprises are the main body to attract employment, but the business environment has deteriorated in the past few years, including being injured to some extent in the past deleveraging, capacity reduction and environmental protection storms, and the continued downturn in exports has increased their survival pressure, coupled with poor financing channels and liquidity stratification. Although the government has issued a number of policies to bail out private and small and medium-sized enterprises, the effect of the policies remains to be seen. Therefore, the proactive fiscal policy should continue to promote the implementation of tax reduction and fee reduction, and the more profitable enterprises are, the more they should "release water to raise fish". Monetary policy should continue to unblock the transmission mechanism from wide money to wide credit, increase the structural reform of financial supply side, and intensify efforts to solve the problems of financing difficulties and high financing for private and small and medium-sized enterprises. In addition, we should continue to vigorously promote innovation and entrepreneurship, increase entrepreneurial support, and promote employment through entrepreneurship.

　　Second, increase the opening up of the service industry, especially the financial, educational, medical and telecommunications industries; Accelerate the construction of metropolitan areas and urban agglomerations with big cities as the core, increase the density and frequency of economically active population to promote agglomeration, and give full play to the role of service industry in absorbing employment. In 2012, the number of employees in the secondary industry in China reached its peak, and then it completely relied on the tertiary industry to absorb the labor transferred from the primary industry and the secondary industry. In 2018, the proportion of employment in the primary, secondary and tertiary industries in China was 26.1%, 27.6% and 46.3% respectively. The proportion of employment in the tertiary industry was far from the average level of 74.5% in high-income economies, and there was a broad space for employment. On the one hand, it is necessary to increase the opening-up of the service industry at home and abroad, and vigorously deregulate it. At present, China’s manufacturing industry is basically open to the outside world, while its service industry is relatively low. There is still a lot of room for opening to the outside world in the fields of automobile, finance, high-end clothing, energy, architectural design, medical care, education, telecommunications, internet, press and publication, radio and television, express delivery and so on. On the other hand, the development of most service industries needs agglomeration more than industrial development. We should accelerate the construction of metropolitan areas and urban agglomerations with big cities as the core, promote the further agglomeration of industries and population, and form an industrial division system in which core cities develop high-end service industries, small and medium-sized cities develop manufacturing industries and some service industries.

　　The third is to promote the stable and healthy development of the real estate market, not only to prevent excessive financial bubble, but also to prevent active puncture from causing major financial risks. Recently, a series of tightening policies for real estate financing have been introduced intensively, from overseas debt, trust and credit to comprehensive tightening. At present, on the one hand, it is necessary to prevent money from releasing water to stimulate the real estate bubble, on the other hand, it is also necessary to prevent active puncture from causing major financial risks. If it is punctured actively, the Sino-US trade friction will not continue. Ten crises and nine real estates, the housing market value in China is about 300 trillion yuan, the stock market is about 60 trillion yuan, and the bond market is about 70 trillion yuan. Old-fashioned seeks the country to exchange time for space, stabilize land prices and stabilize expectations, and use the time window to promote housing system reform and long-term mechanism. At the same time, normal business should be allowed to develop, and irregular business should be carried out step by step, with the front door open and the back door closed, rather than across the board. At present, it is especially necessary to support M&A financing. The merger of unfavorable assets or problematic projects between enterprises is the main force to resolve bad and financial risks, and it is impossible to rely on the state to resolve them.

　　Fourth, solidly promote the large-scale enrollment expansion of higher vocational colleges, implement large-scale vocational skills training, and promote the transformation of labor skills to meet the needs of industrial transformation and upgrading. According to the requirements of the Government Work Report of 2019 on the large-scale enrollment expansion of 1 million people in higher vocational colleges, in May, the Ministry of Education and other six departments jointly issued the Implementation Plan for the Special Work of Enrollment Expansion in Higher Vocational Colleges, emphasizing that "developing higher vocational education is a strategic move to alleviate the current employment pressure and solve the shortage of highly skilled talents", which is mainly aimed at fresh high school graduates, secondary vocational graduates, retired soldiers, laid-off workers and migrant workers. In the same month, the General Office of the State Council issued the Action Plan for Vocational Skills Upgrading (2019-2021), which further emphasized that "vocational skills training is a key measure to maintain employment stability and alleviate structural employment contradictions", and required that more than 50 million subsidized vocational skills trainings be conducted in three years, including more than 15 million in 2019.

This article first appeared on WeChat WeChat official account: Zeping Macro. The content of the article belongs to the author’s personal opinion and does not represent Hexun.com’s position. Investors should operate accordingly, at their own risk.

Successful listing does not mean that you can sit back and relax. How to make the brand develop for a long time after listing is the beginning of the test.

This article was originally published by Hongcan.com (ID: hongcan18), by Jian Yuhao; Editor: Jing Xue.

On April 23rd, Chabaidao (2555.HK) was officially listed on the main board of the Hong Kong Stock Exchange. However, the performance on the first day of listing was not ideal. On the morning of 23rd, Chabaidao opened at HK$ 15.74 per share, which was lower than the issue price of HK$ 17.5. At the close, Chabaidao recorded HK$ 12.80 per share, with a market value of only HK$ 18.914 billion. In intraday trading, the share price of Chabaidao once fell to HK$ 10.80/share.

Time goes back to a week ago. On April 15, the first day of the public offering of Chabaidao, it attracted attention because the public offering did not achieve full subscription. In addition, at that time, Chabaidao did not introduce cornerstone investors. Many investors have said that if a company with a valuation of tens of billions does not introduce cornerstone investors, it may mean that the valuation of this enterprise is too expensive, or institutional investors are not optimistic about the future profit prospects of the enterprise.　

Although it was successfully listed, there are different opinions in the industry about "the second share of new tea". On the one hand, the successful listing is a milestone achievement for Chabaidao. However, in the eyes of some people in the industry, listing is not once and for all. In the increasingly competitive new tea circuit, there are still many uncertainties in the future development of Chabaidao.　

After 01.80, the couple sold milk tea with a net worth of over 14 billion.

According to public reports, the founder of Chabaidao, Wang Xiaolong, and his wife, Liu Yuhong, were both born in the 1980s. Wang Xiaolong was a senior tea artist and his wife was a tea lover. Because they have accumulated rich tea knowledge and practical experience in their past work and life, they started the entrepreneurial experience of a tea shop.　

In 2008, near Wenjiang No.2 Middle School in Chengdu, Sichuan, the first Chabaidao opened. This store, which is less than 20 square meters, is mainly for students with low spending power, and mainly sells powdered milk tea in the form of foreign belts.　

At that time, compared with the hot demand of portable brewing milk tea, the existing tea was still in its infancy. The emergence of "Tea Hundred Ways" just fills this blank. With good products and affordable prices, it has successfully attracted the attention of students’ consumer groups. The blank of the market itself, coupled with the advantages of site selection, enabled Wang and his wife to successfully earn the first bucket of gold. A year later, they opened a second branch on the campus of Southwestern University of Finance and Economics (Liulin Campus).　

In 2010, the trademark "Tea Hundred Roads" was officially registered. In the same year, two major desktop milk tea brands, Diandian and coco, successively entered the mainland for development. In the following years, a number of existing tea brands such as Xicha, Lujiao Lane and Naixue Tea began to rise, and new Chinese tea officially entered the stage of branding and chain development.　

△ Image source: Chabaidao official little red book　

In 2016, Chabaidao opened its franchise in Chengdu for the first time, upgraded its stores and started its brand operation. This year, the number of stores in Chabaidao exceeded 100.　

Generally speaking, the development speed of Tea Hundred Roads in the early stage is not fast, and the sense of existence is not strong.　

It was not until 2018 that this situation began to change. This year, Chabaidao began to aim at the whole country, which opened the expansion of the whole country, and the rapid growth of Chabaidao began to enter the investor’s field of vision.　

In May and June, 2023, Chabaidao successively received two rounds of financing totaling 970 million yuan, which was led by Lanxin Asia, followed by many well-known investment institutions such as Zhengxin Valley, Grassroots Zhiben, CICC and Tomato Capital, with a post-investment valuation of 17.6 billion yuan.　

According to the latest prospectus information of Chabaidao, Wang Hao and Liu Yuhong hold about 81.75% of the shares of Chabaidao. According to the valuation of 18 billion, their net worth has reached about 14.5 billion yuan. Wang Hao and Liu Yuhong also made the Hurun Report in 2023 and became the new "dark horse" in the rich list in 2023.　

02.99% of the revenue depends on franchisees, and the pressure on the supply chain is not small.

Looking back on the development of Tea Hundred Roads, we can see that joining in business is an important driving force for the rapid development of Tea Hundred Roads.　

According to the prospectus, as of December 31st, 2023, Chabaidao has opened 8,016 stores in China, covering 31 provinces and cities across the country, achieving comprehensive coverage of all provinces and county-level cities in China. Among them, the proportion of franchise stores accounted for 99%.　

On the surface, it seems that Chabaidao is a direct consumer-oriented business, but in fact, Chabaidao is similar to Mixue Ice City, and it is also a supply chain company wearing a milk tea coat. Selling goods and equipment to franchisees is the core business of Chabaidao.　

According to the prospectus, from 2021 to 2023, Chabaidao achieved revenues of 3.625 billion yuan, 4.197 billion yuan and 5.659 billion yuan through franchise stores, accounting for more than 99% of the total revenue; Among them, the income from selling goods and equipment to franchise stores accounts for about 95%, and the gross profit margin of this business is also maintained at about 32%.　

△ Chart source: screenshot of Cha Baidao prospectus　

The core of this business model, similar to S2B2C, is to reduce the operating costs of franchisees and improve the overall profitability through the advantages of supply chain and standardized processes.　

However, unlike the self-built supply chain of Mixue Ice City, Chabaidao mainly relies on third-party suppliers and other business partners to provide raw materials and services for it.　

According to the prospectus, in 2023, the procurement ratio of Chabaidao from its top five external suppliers (including dairy products, sugar, juice and other ingredients, packaging materials, etc.) was as high as 36.6%.　

△ Chart source: screenshot of Cha Baidao prospectus　

Perhaps it is also realized that there is no small risk in relying on third-party suppliers. Therefore, in the past several rounds of financing, Cha Baidao has repeatedly mentioned that the funds raised are mainly used to improve the overall operational capability and strengthen the supply chain capability.　

At present, Chabaidao has established a supply chain center covering every key link of supply chain management from product development, procurement, logistics to after-sales service and quality control. At the same time, Sichuan Tea Co., Ltd. was established to provide brand logistics and distribution services.　

In addition, Chabaidao and Bawang Chaji jointly established Sichuan Chabenyuan New Materials Technology Co., Ltd.. The company’s business scope includes research and development of new materials technology, manufacturing of bio-based materials, standardization services, sales and manufacturing of plastic products, sales of packaging materials and products, and import and export of goods.　

It is worth noting that in addition to the continuous strengthening of the supply chain, Chabaidao has been actively exploring overseas markets and coffee tracks in the past two years.　

In December 2023, Chabaidao opened the first store of coffee sub-brand "Coffee Ash" in Chengdu, and entered the coffee track for the first time.　

In January 2024, Chabaidao officially went to sea, and the first overseas store was selected in Gangnam-gu, Seoul, South Korea. Later, stores were opened in Seoul Hongda and Seoul Yau Pavilion. As of April 20, 2024, the number of Chabaidao stores in Korea has reached three.　

At present, it remains to be seen whether Chabaidao has explored the new amount in terms of going to sea and coffee business.　

03. Queue for listing, and the 2024 New Tea Listing Competition started.

In fact, in addition to the hundreds of teas, there are many tea brands waiting in line for listing.　

In January this year, Mi Xue Bing Cheng and Gu Ming submitted prospectuses to the Hong Kong Stock Exchange at the same time. Subsequently, on February 14th, Auntie Shanghai, a tea brand, submitted a prospectus to the Hong Kong Stock Exchange. The co-sponsors were CITIC Securities, haitong international and Dongzheng International.　

△ Image source: Red Meal Network photo　

On April 11th, the Hong Kong Economic Daily also reported that Bawang Tea Ji would go public in the United States as soon as the middle of this year, raising between 200 million and 300 million US dollars (a contract of 1.57 billion to 2.35 billion Hong Kong dollars).　

Why do new tea brands start to get together and go public? In this regard, there are many views in the industry that whoever can take the lead in successful IPO will seize the opportunity among the tea drinks that are "rolled out of the sky".　

In particular, tea brands need a lot of financial support to cope with the competition in the current tea track such as "joining war", "sinking war" and "price war".　

In the past year, in addition to hundreds of teas, brands such as Guming and Auntie in Shanghai have also announced the sprint of 10,000 stores. In order to achieve this goal first, brands often need more funds to spread the store network. With the cooling of the new consumer investment market, the attention of the primary market to the new tea market has obviously declined. Therefore, listing has become a new way for new tea drinkers to obtain funds.　

But the success of listing does not mean that the brand can sit back and relax. Take Chabaidao as an example, it and most new tea brands are in the mid-range price range of 10-20 yuan, including the above-mentioned Guming, Shanghai Auntie and Bawang Tea Ji, which are already waiting in line for listing.　

There are many competitors, and the homogenization of new tea itself has become more and more serious. It is conceivable that these new tea brands in the middle price zone will still face a lot of competitive pressure in the future.　

　　"Boss, do you have a cigarette card here?" After the National Day, the staff of the Supervision Committee of the Commission for Discipline Inspection of Changzhou City, Jiangsu Province came to a tobacco and liquor store in Lucheng Street for an unannounced visit.

　　"I used to, but now I don’t." The shop assistant pointed to the "proposal for refusing to sell cigarette cards" and the "promise not to sell cigarette cards and accept social supervision" signs posted in the eye-catching position in the store and said, "It is not allowed to sell."

　　This is the result of Changzhou’s special rectification from the tobacco card corruption cases investigated before. Things have to start from last year. The Supervision Committee of the Changzhou Municipal Commission for Discipline Inspection took lien measures against Gu Moumou, the former secretary of the Party Working Committee of the High-tech Zone. Among them, the confession about the cigarette card caught the attention of the case handlers: "From 2005 to 2018, before the Spring Festival every year, Wan Moumou will give me 200,000 yuan in cash or a cigarette card worth 200 cigarettes."

　　According to Gu Moumou, because of the strict management in recent years and the hidden cigarette cards, after 2015, Wan Moumou changed from sending cash to sending cigarette cards. Each of these cigarette cards indicated the variety and quantity of cigarettes. Since the cigarette card can be converted into cash, Gu Moumou did not get the cigarette but directly converted it into cash. In August this year, Gu Moumou was sentenced to 10 years in prison for accepting bribes. Among the money obtained from accepting bribes, cigarette cards totaled more than 490,000 yuan.

　　According to statistics, Changzhou investigated and dealt with 41 cases involving tobacco card corruption last year, all of which involved tobacco card corruption. In the first year of this year, the Supervision Committee of Changzhou Municipal Commission for Discipline Inspection took the lead in organizing self-examination, self-correction, cross-examination and unannounced visits on the issue of illegal receipt and delivery of cigarettes (cards) by various departments (units) at all levels and cadres in party member. A total of 273 cigarette cards were handed in by 72 cadres from 29 units, and 1,296,300 yuan of illegal funds were returned.

　　In order to solve this problem from the source, the Supervision Committee of Changzhou Commission for Discipline Inspection keeps a close eye on the main responsible departments such as market supervision and management, tobacco monopoly, etc., and innovatively uses the working mechanism of "five orders and five transformations". By formulating task lists, listing assignment lists, issuing notices, filling in feedback lists, and issuing suggestions, the supervision content is projectized, the supervision subject is clear, the supervision matters are precise, the supervision quality is scientific, and the supervision results are long-lasting.

　　In the shopping malls, supermarkets and tobacco hotels with tobacco retail monopoly licenses in Changzhou, the reporter saw the posted "Proposal on Special Rectification of Illegal Selling and Over-quota Selling of Tobacco Cards in Tobacco Hotels" and "Promise not to sell tobacco cards and accept social supervision" signs. At the urging of the discipline inspection and supervision organs at all levels, the regulatory authorities have also established files for these market sales subjects. Changzhou Tobacco Monopoly Bureau has promulgated the Administrative Measures for Stopping the Supply of Illegal Selling of Cigarette Cards, which will punish those who break their promises and violate the rules for one month. If the situation is serious, the cigarette business qualification will be cancelled, and the administrative punishment information will be pushed to the Municipal Credit Office for joint punishment.

　　According to reports, through a period of rectification, tobacco card management has achieved initial results. At the same time, the "five orders and five transformations" working mechanism formed by tobacco card governance has also effectively promoted the rectification of the special struggle against evil and the feedback of environmental supervision.

　　People’s Daily (19th edition, November 19, 2019)

　　Pumei and Pumei will take turns to sit in the village.

　　Mironov analyzed that Dmitry Medvedev, the most popular presidential candidate at present, will definitely become the new Russian president this year, and Putin will change his role to become the next prime minister. After that, Dmitry Medvedev "returned" the presidency to Putin at the end of his presidency in 2012; After Putin becomes the Russian president again, he will "conform to public opinion" and seek to amend the Constitution, so that the term of office of each president can reach five or seven years, and he can be re-elected.

　　If so, Putin can continue to serve as Russian president for 14 years, that is, from 2012 to 2026, during which Dmitry Medvedev will also change his role as prime minister. In 2026, Dmitry Medvedev will become the president of Russia again until 2033 (calculated by a seven-year term).

　　Study the possibility of Putin’s long-term governance

　　As the chairman of the Russian Federation Council, mironov’s words are not groundless. In fact, there have been such rumors in Russia, but this message was first conveyed by a senior government official. His remarks appeared in a Russian newspaper on the 21st local time.

　　As a loyal supporter of Putin, mironov has publicly stated before that he is working on ways and possibilities to make Putin in power for a long time. His bold idea has undoubtedly attracted the attention of all parties. "I have been studying various ways to keep Putin in power for a long time, and Putin will return to the Kremlin in 2012," mironov told the media.

　　At present, neither President Putin nor Medvedev has made any statement about the future. The Russian presidential election will be held on March 2 this year, and Putin will leave the presidency in May this year, but Putin has previously expressed his willingness to serve as Russian Prime Minister.

Editor: Li Xiuwei

In today’s entertainment circle, traffic is the key to attracting attention, while the world is the necessary skill for survival. Rulu, as a famous actress in China, writes her own legend in this complicated vanity fair with her eclectic and straightforward personality. Although her acting skills are remarkable in the eyes of the audience, she has frequently become the focus of media discussion because of the phenomenon of "fire can’t get up". In the context of the rise of many traffic stars, why does Rulu not follow the trend and choose to stick to itself?

Early experience and growth period

Rulu was born in Xinjiang in 1987, an ordinary and warm family. From an early age, she showed her love for performance and began to learn dance when she was only six years old. Her parents don’t have much artistic background, but they are very supportive of her dreams and often accompany her to participate in various literary activities. After unremitting efforts, Rulu was admitted to the Central Academy of Drama in 2006 and became a student of this top art school, and her acting career began.

At school, Rulu played many small roles, which were affirmed by the teacher every time. She was not complacent because of her early achievements, but continued to work hard and actively participated in various extracurricular activities to improve her performance skills and artistic accomplishment. In 2009, Jiang Xin made her debut in the TV series "The Seven Fairies with Joy". Although she was a supporting role, her acting left a deep impression on the audience. This role helped her gain initial popularity in the circle and laid the foundation for her future development.

Career ups and downs

Rulu’s career was not smooth sailing. After entering the entertainment circle, she chose a lot of different types of roles in order to break through herself. However, the competition in the entertainment circle is fierce, and many young actors quickly become popular because of the temporary heat, but Rulu has always maintained his own pace. Her participation in Empresses in the Palace made her more famous. As the role of Hua Fei, she was impressive because of her strong personality and complex psychology. However, with it, there are also higher expectations and pressures.

During this period, Rulu gradually realized that acting alone was not enough to stand on its feet in this era. In order to cater to the market, she also tried to step into the tide of traffic stars and participate in the recording of variety shows. However, her personality doomed her to be difficult to cater to the audience like other artists. In an interview, she said frankly: "I have always longed for truth. I am not the kind of person who can cater to the public casually. I just want to be myself. " Although this persistence made her unable to catch fire quickly, it also won the recognition and support of many like-minded people.

Facing the Controversy: Preserving the True Self

Rulu’s outspokenness made her controversial on some occasions. For example, on one occasion, she expressed her dissatisfaction with a development in Jimmy Lin on social media, which aroused the resentment of some netizens, who thought that Rulu lacked respect for his predecessors. However, Rulu’s supporters believe that this is part of her personality: straightforward and unpretentious. When she cooperated with Chen Jianbin, she had fierce words and even "anger", which caused a lot of discussion among people in the industry.

This "honest and frank" style is particularly noticeable in the complicated entertainment circle of the world. Many people think that it is Rulu’s unwillingness to cater to such complicated rules of the game that makes her miss many opportunities. Many actors are weighing their words and deeds for resources, but Rulu always chooses sincerity. At the same time, this persistence has also caused her to be isolated to some extent.

The balance between acting and popularity

The straightforward style not only reflects Rulu’s personality, but also reflects her understanding of the nature of actors. In an era of increasing attention to flow and exposure, Rulu conveys the most authentic feelings to the audience with his role of insight into people’s hearts. Her role is always full of power and can resonate with the public. Although her performance on social media is not as active as that of popular niche, her wonderful interpretation in the play made the audience remember her and brought her word of mouth and evaluation.

Recently, several TV dramas that Rulu participated in still got good ratings, and her acting skills also won high praise from experts in the industry. Therefore, although her popularity and popularity are not the same as those of traffic stars, it cannot hide her strength. Perhaps, she used her real works to tell everyone that the value of an actor is far more important than the flow. On the other hand, she shows us the power to stick to ourselves and how to keep a sober self in vanity fair.

Summary and enlightenment

Rulu’s story profoundly reflects the complex relationship and survival law in the contemporary entertainment circle. In this rapidly changing era, faced with the pressure of traffic supremacy, she insists on truth in her own way and refuses to cater to it. This persistence sometimes makes her encounter difficulties and resistance, and she must find her own position in every choice. Although her "fire can’t get up" is heartbreaking, this is the path she chose to take.

This attitude of insisting on self and pursuing truth not only inspires the practitioners in the entertainment circle, but also provides reflection and reference for ordinary people. In the face of the world, how to keep true self in complicated relationships and keep firm belief in one’s choice may be the challenge that everyone needs to face in society. Whether in career or life, the attitude of bravely pursuing the true self will make everyone more tenacious and calm. As Jiang Xin shows, even if the road is rugged, as long as there is light in your heart, you will definitely find your own starry sky.

Editor in charge:

Third, the historical review of the ITY car system

● The first generation of CITY(1996 -2002)

　　As mentioned earlier, in 1996, Honda named the successor model of the second generation of CITY as Logo, and at the same time gave the name of CITY to a brand-new model put into production by Honda in Thailand. The internal code of the first generation Honda CITY is SX8, which is a car based on the old fourth generation Civic platform (the fourth generation Civic production year: 1987 -1991, the fifth generation Civic production year: 1991 -1995, and the sixth generation Civic production year: 1995 -2000).

　　Although the first generation of CITY comes from Honda’s old vehicle platform, it has the advantages of mature technology and low cost, which is in line with its positioning as a national car of developing countries in Asia. The first generation Honda CITY was first put into production in Thailand in April 1996, and 70% of its parts were purchased locally. By February 1997, CITY had sold 14,352 vehicles, accounting for 66% of the market share of Thailand’s vehicles under 450,000 baht (about 80,000 RMB). Following Thailand, the first generation of CITY was put into production in Philippine, Malaysian, Pakistani, Indian and other countries, but the car was not introduced to China.

　　The first generation Honda CITY has only one sedan, so its body size is almost the same as the sedan version of the fourth generation Civic, with a length, width and height of 4270mm×1690mm×1395mm and a height of 2500 mm.. However, the shape of the first generation Honda CITY has been redesigned, which is more in line with people’s aesthetic standards for cars in the 1990s. Its overall shape is simple and generous, and its body proportion is coordinated.

　　The most obvious feature of the previous version is that the fog lamp is located at the lower air inlet, and the body rubbing strip, exterior rearview mirror and door handle are all black. At the same time, the front and rear bumpers are made up of three sections. According to the introduction, this is mainly to facilitate the parts to be transported from Japan to Thailand, Malaysia, the Philippines and other sub-countries by shipping, and then assembled and produced after reaching the destination. The first generation of CITY was redesigned in the middle of 2000, and the later version was called CITY type Z in some countries. The front face and taillights of the new car were redesigned, and the integrated front and rear bumpers were replaced.

　　The design of the interior part is mainly to reflect practicality. The center console is dark gray in overall, and the layout is simple and regular. The steering wheel adopts a two-spoke shape with spokes at 4 o’clock and 8 o’clock. The asymmetric instrument panel is unique. Two small dials, the fuel gauge and the water temperature gauge, form the left semicircle, and only one speedometer dial is arranged in the right semicircle. The central control panel in the T-shaped area is designed as an inverted trapezoid, which is horizontally divided into four layers. The top layer is a set of square air outlets, the second layer is a storage compartment, and the lower two layers are the operation panels of the harmony sound system.

　　In terms of power, the first generation Honda CITY was originally equipped with a 1.3-liter inline four-cylinder Honda D13B, with a maximum of 95 horsepower. The transmission system was matched with 5-speed manual or 4-speed, with an acceleration time of 11.3 seconds from 0 to 100 km/h and a top speed of 171 km/h. Subsequently, a version equipped with Honda D15B 1.5-liter inline four-cylinder engine was added, with a maximum power of 103 HP. In 2001, Honda CITY launched a version equipped with a 1.5-liter VTEC engine with a maximum power of 115 HP. In the chassis part, the first generation of CITY originally adopted the independent front+McPherson independent rear suspension. However, Honda found that the competitors of the first generation of CITY were hardly equipped with independent rear suspension, so for cost reasons, CITY also cancelled the independent rear suspension.

● Second generation Honda CITY(2002 -2008)

　　In November 2002, the second generation Honda CITY made its debut at the Thailand International Automobile Expo. The new car no longer adopted the Honda Civic platform, but changed to the same Honda global platform as the first generation Fit, but its positioning has not changed, and it is still Honda’s entry-level sedan.

　　The second-generation Honda CITY also has only a sedan body structure, but the driving mode is not only the front drive, but also an additional version. In terms of body size, the length, width and height of the previous version are 4310mm×1690mm×1485mm, and the wheelbase is 2450mm；; In September, 2005, the second generation of CITY was redesigned in the mid-term, and the length of the car in the later version was increased, with the front part lengthened by 65mm and the rear part lengthened by 15 mm..

　　The second-generation CITY adopts the same MM design as the first-generation Fit, that is, Man Max (Maximizing Passenger Space) and Mechanism Mini (Minimizing Machine Occupancy), and its stylish appearance has many similarities with the first-generation Fit, especially the front contour is easy to connect the two cars. The interior design is exactly the same, and the overall layout of the center console of the two cars is exactly the same, with only minor differences in the details. The later version mainly redesigned the front and rear of the car to make the car look more dynamic.

　　In terms of power, the second-generation CITY was originally equipped with Honda L series 1.3-liter and 1.5-liter inline four-cylinder engines. i-I (Intelligent Double Sequential Ignition) technology was adopted, and each cylinder was equipped with two spark plugs. The ignition timing was adjusted according to the engine speed, load and other factors, and the intake vortex was used to realize rapid and sufficient lean combustion, thus improving the engine power and reducing the fuel consumption of the whole vehicle. Subsequently, a version equipped with a 1.5-liter VTEC engine was introduced, and the transmission system was matched with a 5-speed manual gearbox or gearbox. In the chassis part, the second-generation CITY is equipped with the same McPherson independent front suspension+torsion beam semi-independent rear suspension as the first-generation Fit, and adopts a unique fuel tank center structure.

　　The second generation Honda CITY is no longer just an exclusive model for the Southeast Asian market. The car has also been put into production in the Japanese Honda saitama narrow mountain factory and the Guangzhou Honda (renamed Guangqi Honda in 2009) Huangpu factory in China. Honda launched the second generation CITY in Japan in December 2002, but the name of the car changed to Fit Aria. Aria translated into aria is usually a lyrical and dramatic solo passage in drama. This name is mainly used to continue Honda’s tradition of naming cars with music. For example, Honda’s Prelude, Accord, Ballade, Quintet and Concerto also have car names related to music.

☆ The second generation Honda CITY is in China.

　　In the China market, the second generation Honda CITY was first launched in 2003, and the domestic version was originally named (Fit Saloon, which China car owners used to call the Fit). On September 16 of the same year, it was rolled off the assembly line in Guangzhou Honda (renamed Guangqi Honda in 2009) and listed in the whole country on September 28. The first to be put on the market is the Fit Saloon)1.3-liter 5-speed manual version, which costs 99,800 yuan. Subsequently, the sedan Fit introduced 1.3-liter CVT version, 1.5-liter 5-speed manual version and 1.5-liter CVT version with a price of 10.98-119,800 yuan.

　　The mid-term modified model was rolled off the assembly line in Guangzhou Honda on March 29th, 2006 (renamed Guangqi Honda in 2009) and listed on April 8th of the same year, with the price of 96,800-124,800 yuan. The new car no longer uses the name of the Fit sedan, but is renamed as Sidi, a transliteration of CITY, which stands for Creative (Creative Leading), Intelligent (Outstanding Wisdom), True (True Personality) and Youth (Young Vitality). In August 2008, Sidi launched a small modified model. The new Sidi has the only skylight developed by Honda for the China market in the world. The new car was launched in September of the same year, with a price of 938-124,800 yuan.

Wen | Yi Qing

Editor | Chen Meixi

Halfway through the summer vacation, the national total box office has exceeded 8 billion.

The film industry has not been so lively for a long time. In the first half, "Disappeared She" constantly attracted the audience into the cinema in the marketing of marriage and love anxiety, creating a box office score of over 3.5 billion, breaking the cumulative box office record of China film history crime films; In the second half, Wu Ershan appeared in the cinema with the epic masterpiece Feng Shen, the pink world created by Barbie made efforts to break through in the summer file, and YiBo continued to expand his box office appeal with Passion.

In addition, "In an octagonal cage" and "Three Wan Li in Chang ‘an" are the objects of public discussion. Myths, women, dancing, crime, reality, animation, adventure and other stories are all gathered in this summer, and the topics, discussions and box office trends are snowballing.

Megalodon 2: Abyss, as a deep-sea adventure monster blockbuster controlled by China producers, will also become a unique existence, and is expected to drive the market in the second half of the summer file.

On the one hand, as a series, what kind of collision Meg 2 can bring after the actor’s upgrade makes the audience curious.

On the other hand, Jason Wu, the box office leader, undoubtedly raised the audience’s expectations for this film-what kind of box office miracle can Jason Wu bring to Meg 2 after Wolf Warriors 2 and Wandering Earth 2?

On the morning of July 28th, with these questions, Hedgehog Commune met two producers in Meg 2, Lorenzo di Bonaventura and Belle Avery, and discussed with them their views on Jason Wu, the difficulties in co-producing projects at home and abroad, and the changes in genre films.

Bella output a lot of information at the scene, and sincerely said: "I believe that filmmakers in the world will pay more and more attention to the China market, and I have been working on other projects. If they can all perform well in the China market, it will be a very good thing for me."

Jason Wu, first choice.

In 2018, The Meg was released in the cinema, and Li Bingbing, a China actress, became one of the highlights of the film in the China market, and finally accumulated a box office of 1.053 billion.

After a lapse of five years, in order to realize the cast of tough guys, the focus shifted to Jason Wu. The producer chose Jason Wu without hesitation, even willing to wait for him for two years.

In the live conversation with the producer, "Jason Wu" was frequently mentioned, and it is not difficult to see that the production team attached importance to Jason Wu from the whole production process. Meg 2 always revolves around the role of "Nine styles" played by Jason Wu in the aspects of script, role creation and cultural differences.

Bella mentioned, "Scripts (in Hollywood) usually take eight months to a year, but the role played by Jason Wu is very crucial. As a new character, we need to consider what is the relationship between him and every character in the first film. In order to better present the role and integrate China culture, the script has been polished for a long time. "

Lorenzo already has the production experience of Bumblebee, Transformers: The Rise of the Super Warrior and other works. In a large number of reading films, he has also seen the Wolf Warriors series starring Jason Wu. Wolf Warriors 2’s box office achievement of 5.694 billion in China market is the first time to reach the top 100 box offices in the world, leaving a deep impression on the international market. "If any filmmaker doesn’t know about Jason Wu, they haven’t done their duty."

Since then, Lorenzo has been paying attention to Jason Wu’s career. His relaxed performance in front of the screen, sometimes humorous and sometimes tough, has also become the reason why Meg 2 chose him. After the first film, the second film needs a China role to lead the show, and it forms a sharp collision with another Hollywood starring Jason Statham. Jason Wu, who is good at action movies and always surprises the audience, is the only choice.

The producer knew that Jason Wu couldn’t make an appointment, so he took the script to fight for it first. Bella still remembers seeing Jason Wu for the first time in England. At that time, in a small room, they sat on the sofa with a script and exchanged roles with him. Jason Wu left a deep impression on her.

In front of the screen, his action plays always attract people’s attention. In reality, Jason Wu is cheerful and enthusiastic, treats everyone to eat hot pot in a very authentic China way, and easily handles this role invitation at the dinner table.

Even though it was difficult to make an appointment in Jason Wu, the team still waited for two years. The film has not been officially released, but what the two producers saw and heard during the filming made them feel that the wait was extremely worthwhile.

As a Chinese-foreign co-production project, Meg 2 has gathered actors from all continents, which is a unique cross-cultural communication exhibition. Recalling the first meeting scene, Bella strengthened her choice of Jason Wu-he can bring more elements that China audiences like.

Indeed, Meg 2’s Chinese, the crowning touch, has become a joke that is more acceptable to China audiences in the film. At the scene, as long as Jason Wu speaks Chinese, there will be laughter all around.

The lines such as "Shut your mouth" and "Dare you slow down a bit?" were improvisations by Jason Wu. Foreign staff couldn’t understand them, so he explained to everyone, "He said you have to believe me, and the China audience will understand this point." Bella finally respected Jason Wu’s decision, "because he knew the China audience."

On the occasion of the strike of foreign actors’ unions, China hosted the only world premiere of Meg 2, and "Jason Wu" became the biggest "killer" for the film to seek high box office.

China’s Narration in the Deep Sea Monster Film

As a series of films, if we want to continue to meet the audience’s expectations of the film, we should not only keep the wonderful part of the first film, but also give the second film a sense of freshness.

Lorenzo thought about this problem from the beginning. If we continue to use the interaction of "male and female collocation", it will be difficult to distinguish it from the first film and give the audience a refreshing feeling. Therefore, telling stories from a different perspective, increasing the number of megalodon sharks and developing monster species seem to be the simplest and straightforward choices.

Based on the first film, Meg 2 is more complete in deep-sea thriller, character relationship and story line, and is close to China culture.

Megalodon 1 has the cool feeling of a monster film, but the character line is relatively simple, and human exploration of the underwater world is limited, which has been improved in the second part. "The relationship between the positive protagonist teams is closer than before." Lorenzo said.

Taking the character "Jiuao" as an example, Yu Baimei revealed during the road show that Jiuao’s original name was "Zhang Jian", but it was changed to "Jiuao" because of his father’s dream and based on China culture. The relationship between Jiuao and his father and his family was fully explained in the second part.

In western films, the creators usually ignore the oriental proposition of "Where do the characters come from?", while Meg 2 makes full connections according to the thinking logic of China people.

In the film, Jonas Taylor, played by Jason Statham, is a western father, while Jiuao, played by Jason Wu, is a typical uncle from the East. The relationship between them and their younger generation Mei Ying is ostensibly due to their personality, but in fact it is a collision between the East and the West in intergenerational relations.

"Jonas, Jiuao and Meiying get along very subtly. All foreign masters can understand the interaction between Jonas and Meiying, but not everyone can understand the interaction between Jiuao and Meiying. If we don’t have a partner from China, there is no way to express this subtlety accurately." Lorenzo said.

Bella told Hedgehog Commune with some excitement that the visual effects department had produced more special effects of creatures and sharks. This international cooperation has also made her know more about China culture. "With this relationship, we can understand Jiuao. For me, this is an attempt in the relationship between people. People in different cultural backgrounds have different reactions to death and dreams, which is more touching to me. “

The creative team tried to start with the relationship between the characters, which not only made the team more capable of fighting, but also made the audience in the cinema more empathetic with the characters in the monster film, and even increased the appeal to the female audience. "I think women should be excited when they see the interesting scene of two men with babies!" Bella said with emotion.

Lorenzo hopes that in this deep-sea monster film, the roles of different countries can establish different ways of connection, but it can also convey the unified emotional value and heroic narrative of human beings. "This is the preference of the global audience."

Although cultural differences always exist, which once became a challenge in the filming process, Meg 2 prefers to find commonalities in the differences, just like Lorenzo’s original intention of making a film: we want to emphasize in this film how people from different cultures and ethnic groups can establish better ties.

How to go further with genre films?

Lorenzo and Bella prefer to call the "difficulties" they encounter "challenges". Therefore, in the filming process of Meg 2, the difficulties are not mentioned, but the challenges are always there.

The number of teams is huge, and different teams in different countries have different understandings of the same problem. In the process of discussion, Lorenzo found that everyone’s contradiction lies in the degree of application of film elements. "For example, how many times do octopus appear in the film, how to present their appearance, is it the tip of the iceberg or unveiling the mysterious veil? Everyone’s starting point is good. This is not so much a difficulty as a challenge of teamwork. "

Bella was more worried about the scene when shooting. Meg 2’s underwater shooting is almost composed of special effects. The actors wear heavy costumes to perform without real scenes. She is worried about the state of the actors and the effect of filming. "We want to create a new species of octopus and make different productions for each Megalodon shark to distinguish it. These details are complicated."

But in the end, when all the elements were added, Bella did get what she wanted: the megalodon shark of the top predator was bigger, each shark had its own personality, some were ferocious, and some could coexist with human beings; Jason Wu, an actress, did stunts on the helicopter again, which shocked the staff at the scene. She described the scene as "crazy".

The crew often encounters the problem of cultural barriers, and the solution is simple and direct. If the thinking mode of foreigners in the play is concerned, the creators will mainly listen to the opinions of Warner Bros., the producer. If the thinking mode of China people is involved, the opinions of the Chinese culture of the other producer will become crucial.

As a filmmaker, Bella’s understanding of China culture mostly comes from movies. Facing the question "Which China movies do you like", she got up and took out a printed list from a side table, which recorded her favorite China directors and works. She put on her glasses and read the director’s name in unskilled Chinese. The list includes internationally renowned directors and rookie directors.

Bella appreciates Zhang Yimou and Jiang Wen the most, and also looks for the success logic of China’s commercial films in Dying to Survive’s Lost Her.

For Bella, only when she has seen enough movies can she appreciate the charm of culture. As a producer of a Chinese-foreign co-production, she should not only look for ways from past studies and make judgments on the production process, but also continue to learn from experience in the existing environment.

In her view, there is still a lot of room for improvement in monster films, and the audience’s highlights continue to be explored: "The visual effects of monster films are getting better and better, but in terms of story content, we can look at these deep-sea monsters in different ways. Just like everyone is different, there are differences between monsters, and it is not necessary to confront humans. There are various possibilities between monsters and monsters, monsters and people. "

Like any type of film, the progress of monster films requires the main creator to bring different content every time. Fortunately, there are still many possibilities to be created for the genre of deep-sea monsters in this track unfamiliar to China audiences.

　　[Aika car, overseas new car, original]

　　Recently, we learned from relevant channels that Porsche will bring the third body style of the Taycan model at the 2021 Los Angeles Auto Show. Although no further details have been disclosed, Porsche said it is considering launching a new model that is the opposite of the Taycan Cross Turismo version, lowering the chassis suspension to the height of the sedan.

　　In addition to the new body style of the Taycan, Porsche will also unveil a new version of the Taycan between the 4S and Turbo models at the Los Angeles Auto Show, which is likely to be the Taycan GTS. Porsche has previously announced a part of the car lineup at the Los Angeles Auto Show, namely the 718 GT4 RS, the Cayenne Turbo GT, plus the announced Taycan GTS and the third body style of the Taycan family. The lineup of Porsche at the Los Angeles Auto Show is further confirmed.

Highlights Review:

"Speed Alliance" Porsche Guangzhou Auto Show lineup announced

The exclusive customized version of the real Porsche 911, just seeking to be unique

Porsche 911 plans to launch three new cars

Choice: or? Now, the purchase of engine oil has become an important issue. Many car owners are confused when faced with all kinds of engine oil products. Among them, synthetic engine oil and synthetic engine oil are two common types of engine oil, and many car owners also want to know which one is better. This article will analyze the differences and characteristics of these two oils in detail and help you make the right choice. First of all, let’s understand the definitions of these two kinds of engine oils: synthetic engine oil refers to the engine oil prepared by synthetic method, while all synthetic engine oil refers to the engine oil blended with fully synthetic base oil. Compared with mineral engine oil, these two kinds of engine oils have higher performance and longer service life. So, which engine oil is better? Let’s analyze their advantages and disadvantages. The advantage of synthetic engine oil is that it has good high temperature resistance and oxidation resistance, which can effectively protect and prolong its service life.

In addition, synthetic engine oil has a high viscosity index, which can keep the viscosity stable in a wide temperature range, thus providing better lubrication effect for the engine. However, due to its relatively high price, not all car owners can accept it. Synthetic engine oil has better durability and fuel economy. Because it is made of synthetic base oil, it has better oxidation stability and high temperature performance. When the engine runs at high temperature for a long time, synthetic engine oil can better protect the engine. In addition, synthetic engine oil has a lower viscosity, which can reduce the friction loss of the engine, thus improving fuel economy. However, the price in synthetic engine oil is relatively high, which is not suitable for all car owners. On the whole, whether to choose synthetic engine oil or synthetic engine oil should be decided according to your vehicle and driving habits.

If you are driving a luxury car or car, and often drive in high temperature environment for a long time, then synthetic engine oil may be a better choice. Because this type of vehicle needs better lubrication and protection to keep the engine running normally. At the same time, if you pay attention to fuel economy and want to extend the service life of the engine, then synthetic engine oil is also a good choice. However, if you are driving an economical car or commercial vehicle and the driving environment is relatively good, then synthetic engine oil may be more suitable for you. There are other factors to consider when making a choice. The first is the viscosity selection of engine oil. The higher the viscosity, the worse the fluidity at low temperature, while the lower the viscosity, the worse the lubricity at high temperature. Therefore, when choosing engine oil, you should choose the viscosity grade suitable for your vehicle type and use environment. Secondly, the brand choice of engine oil.

Choosing famous brand engine oil can not only ensure the quality and performance of engine oil, but also get better after-sales service. In a word, whether to choose synthetic engine oil or synthetic engine oil should be decided according to your vehicle and driving habits. In the selection, factors such as performance, price, viscosity grade and brand of engine oil need to be considered. I hope this article can help you make the right choice. Finally, ask a question: Do you choose synthetic engine oil or all of synthetic engine oil? Why? Synthetic engine oil and synthetic engine oil are two common types of engine oil on the market. But you may be confused when choosing which oil is suitable for your vehicle. This article will discuss the characteristics and scope of application of synthetic engine oil and synthetic engine oil to help you make a wise choice. First of all, let’s understand the differences between synthetic engine oil and synthetic engine oil.

All-synthetic engine oil is manufactured by artificial synthesis, and its molecular structure is very uniform, with excellent lubrication performance and thermal stability. Synthetic engine oil is made by mixing it with synthetic base oil, and its performance is between mineral oil and all of synthetic engine oil. So, what kind of vehicles are suitable for use in synthetic engine oil? The performance requirements of synthetic engine oil are relatively high, which is suitable for high-performance engines and vehicles requiring higher lubrication performance. If you own a sports car or often drive at high speed, then all of synthetic engine oil will be a good choice. It can provide better lubrication and protection, reduce friction and wear, and prolong engine life. For general family cars, synthetic engine oil may be more suitable. This type of vehicle has relatively low performance requirements for engine oil, and the price in synthetic engine oil is relatively low, which can better meet your budget requirements.

Synthetic engine oil still has good lubricity and oxidation resistance, which can effectively protect the engine and prolong the oil change cycle. Of course, whether you choose synthetic engine oil or synthetic engine oil should be decided according to your vehicle type and driving habits. If your vehicle has high performance and often drives with high load, then synthetic engine oil may be more suitable. And if your vehicle is mainly used for daily commuting or long-distance travel, then synthetic engine oil may be a more economical choice. In addition to choosing engine oil type, we should also pay attention to choosing regular channels to buy reliable engine oil products. There are many fake and shoddy engine oil products on the market, and their quality cannot be guaranteed, which is likely to cause damage to the engine. Therefore, when buying engine oil, it is recommended to choose a brand with credibility and reputation, and ensure that the product has relevant certification marks. In a word, it is very important to choose the oil type suitable for your vehicle.

All of synthetic engine oil and synthetic engine oil have their own advantages and scope of application. Make a wise choice according to your vehicle type and driving habits. At the same time, remember to choose regular channels to buy reliable oil products to ensure that your vehicle is fully lubricated and protected. Do you know the difference between synthetic engine oil and synthetic engine oil? Do you have any questions or other suggestions about choosing engine oil? Welcome to share your thoughts with us in the comments.