Xinhua News Agency, Beijing, December 19th Special feature: Finding the way in the changing situation — — Review of the International Situation in 2019

　　Xinhua News Agency reporter Ban Wei

　　In 2019, the second decade of the 21st century is coming to an end.

　　This year, the world was full of chaos and challenges: the game between big countries intensified, the governance deficit increased, and the world economy continued to slump. The characteristics of the accelerated evolution of the "great change in a hundred years" are more obvious: the dispute between multilateralism and unilateralism is more acute, protectionism and populism are surging against the current, and power politics and bullying are rampant everywhere.

　　This year, globalization and multipolarization are still moving forward with heavy burdens in twists and turns, and a new round of scientific and technological revolution and industrial transformation is emerging. More and more countries are seriously thinking about what choices should be made in the contest between cooperation and confrontation, multilateralism and unilateralism, and openness and closure.

　　The Sound and the Fury

　　The change of the "2019 edition" shows that the game between big countries has obviously warmed up.

　　Near the end of the year, NATO held a "70th birthday party". However, American leaders repeatedly complained that "NATO is out of date", demanded NATO member countries to substantially increase their military spending, and called the EU an "enemy" of trade. France said that NATO experienced "brain death" and so on, which made the party "play inharmony", and the wrestling of all parties increased. NATO tasted the birthday cake with "trust deficit".

　　The German newspaper Le Monde said: "NATO is now threatened from within." Gusev, director of the Russian Institute of Strategic Planning and Forecasting, said: "The complicated relationship between the United States and NATO allies complicates the current international relations."

　　This is the latest epitome of the widening rift in traditional relations in western countries. In one year, the G-7 held a summit, but only issued a "one-page statement" that lacked substance, highlighting internal differences and weak influence. As the world’s largest economy, the United States has repeatedly opened new fronts in the global trade war. After announcing the imposition of tariffs on EU aviation and agricultural goods, it plans to retaliate against French digital tax … …

　　During the past year, Russia hoped that Russia-US relations would return to normal, but frankly this situation has not yet appeared, and relations with the United States are "regressing and getting worse and worse". Although Russia and Europe have released in good faith from time to time, improving relations is facing challenges. Japan’s Diplomatic magazine said that "cold peace" seems to be becoming the new normal of bilateral relations.

　　The change of the "2019 edition" shows that anxiety, tearing and chaos are staged in many parts of the world, and the uncertainty is further increased.

　　Political struggles in Latin American countries have intensified, and governance problems have become prominent; The confrontation between Iran and the West and the Syrian conflict are intertwined, which intensifies the turmoil in the Middle East and presents a peace deficit. Britain’s "Brexit" has been delayed for a long time, revealing social tears and institutional difficulties; The United States continues to "retreat from the group" and tries to make the United States "great again" through unilateralism and protectionism, which has impacted the international order.

　　The change of the "2019 edition" is also manifested in the continued downturn of the world economy. Georgieva, the new managing director of the International Monetary Fund, said that trade disputes, Britain’s "Brexit" and the uncertainties brought about by geopolitical tensions are inhibiting the global economic growth potential. IMF predicts that the global economic growth this year will be the lowest since the international financial crisis in 2008.

　　The sunshine behind the dark clouds

　　In the changing world, people can still touch the development force in the deep dive. The light coming out of the clouds still indicates the general trend of global development.

　　In the face of changes, "everyone is also looking for new alternatives and ways out." Zheng Yongnian, a professor at the Institute of East Asian Studies at the National University of Singapore, pointed out that it is a general trend for more countries to jointly promote multilateralism while some western powers are pursuing economic nationalism and unilateralism.

　　This year, in the face of counter-current, globalization is making efforts to take new steps. On November 4th, the Third Regional Comprehensive Economic Partnership Agreement (RCEP) leaders’ meeting issued a joint statement, announcing that the 15 member countries had concluded all text negotiations and virtually all market access negotiations. The publication of the joint statement marks a major breakthrough in the construction of the East Asia Free Trade Area with the largest population, the largest membership structure and the greatest development potential in the world, highlighting that multilateralism and free trade are still the mainstream in the world.

　　Yu Jie, a senior researcher at the Royal Institute of International Affairs, believes that the breakthrough in RCEP negotiations plays an exemplary role in solving the development problem of economic globalization and sets an example for developing countries to seek the right to speak in global governance.

　　Earlier, the construction of a free trade area on the African continent was officially launched, and the "marathon" negotiations between MERCOSUR and the EU Free Trade Agreement finally came to fruition. Today, with the increasing downside risks of the world economy, more and more countries realize the importance of maintaining free trade and a rules-based multilateral trading system for hedging risks and seeking growth.

　　This year, the world saw the trend of the continuous development of multipolarization. In the great changes, emerging markets and developing countries, represented by BRICS countries, are constantly rising, which has injected strong impetus into the reform of the global economic governance system and effectively promoted the process of world multipolarization.

　　This year, the world saw that a new round of scientific and technological revolution and industrial transformation was emerging. The limit of growth has always been a haze lingering over the development of human society. Nowadays, people are increasingly seeing the bright future of innovation-driven solution to the development difficulties.

　　In the past year, the world began to enter the stage of 5G commercial deployment, and the transformation of old and new kinetic energy accelerated; AI intelligence in all fields has provided a broad blue ocean for economic development; New breakthroughs have been made in quantum computing, and its prospects are limitless. The new scientific and technological revolution and industrial transformation have provided more opportunities for countries to achieve leap-forward development, and also made it an inevitable logic for countries to increasingly blend interests, share common destiny and win-win cooperation.

　　人类群星闪耀时

　　回望2019年的国际风云，中国理念、中国方案、中国贡献，作为顺应和推动全球发展大势的重要力量，在乱局中引领方向。

　　中国主张和担当为多边主义、多极化和完善全球治理注入强大正能量，推动构建新型国际关系。

　　一年间，国家主席习近平7次出访，主持4次主场外交。元首外交维护世界和平，促进共同发展，捍卫多边主义。从二十国集团领导人峰会到中法全球治理论坛，从“一带一路”国际合作高峰论坛到金砖峰会，中国维护多边主义、加强全球治理、推动世界多极化主张引发广泛共鸣。国际上的事应该由大家商量着办，不能由一国或者少数几个国家说了算，成为越来越多国家的共识和心声。

　　谈及中国在当今世界格局中的作用和地位，法国前总理拉法兰说，中国扮演着非常重要的角色，是世界经济增长的引擎。中国参与构建新型多边主义，助推亚洲以及非洲在国际体系中的地位提升。

　　中国以实际行动，为建设开放型世界经济作出表率。

　　第二届中国国际进口博览会在6天里，累计意向成交711.3亿美元。“越办越好”的进博会，交易的是商品和服务，交流的是文化和理念，种下的是开放、合作、共赢的种子。

　　布鲁金斯学会约翰·桑顿中国中心主任李成认为，不论是“一带一路”建设，还是第二届中国国际进口博览会，中国都更多体现出包容性增长理念，强调共同发展、共享经济，这表明中国并不是一花独放，而是愿与世界共同发展。

　　中国倡导的构建人类命运共同体理念，为追寻人类文明的群星闪耀指明方向。

　　“这是最好的时代，这是最坏的时代。”在一首今年风靡网上的歌曲中，一名中国草根歌手借用英国作家狄更斯的名句，唱出人们对当今矛盾世界的感悟。

　　就世界如何应对风险与挑战、寻求平等与共赢、消除傲慢与偏见，中国给出答案：既需要经济科技力量，也需要文化文明力量。在构建人类命运共同体的目标引领下，倡导多元文明共生并进，用文明对话促进沟通与理解，将让人类前进的道路越走越宽广。

　　“当前，世界多极化、经济全球化、文化多样化、社会信息化深入发展，人类社会充满希望。”习近平主席今年5月在亚洲文明对话大会开幕式上的这番话，针对充满不确定性的当今世界，发出提振信心的强音。（参与记者：栾海、张骁、王丽丽、桂涛、徐永春、韩茜、刘品然）

　　China’s famous world cultural heritage — — The Grand Canal is a great water conservancy project created by the ancient people of China. It consists of three parts: the Beijing-Hangzhou Grand Canal, the Sui-Tang Grand Canal and the East Zhejiang Grand Canal. It starts from Beijing and Tianjin in the north, reaches Jiangsu and Zhejiang in the south, and spans eight provinces of Beijing, Tianjin, Hebei, Shandong, Henan, Anhui, Jiangsu and Zhejiang. It is the north-south traffic artery in ancient China.

　　In 2019, the Outline of Cultural Protection, Inheritance and Utilization Planning of the Grand Canal was promulgated, and eight provinces along the Grand Canal were deployed to promote the construction of the Grand Canal National Cultural Park. At present, 73 key projects along the route are progressing smoothly, and related museums, cultural parks and sites have achieved initial results. The ancient canal is showing new vitality.

　　Beijing Section of the Grand Canal: Inheriting History and Creating the Future

　　The history of the Grand Canal in Beijing can be traced back to Yongji Canal dug in Sui Dynasty. After the water source project of Tonghui River was implemented in Yuan Dynasty, the Beijing-Hangzhou Grand Canal was connected. In the Ming and Qing dynasties, the Grand Canal route of the Yuan Dynasty was basically followed. But later, due to the diversion of the Yellow River and the development of railway transportation in history, the Grand Canal gradually turned from prosperity to decline. However, it is undeniable that the political, economic and cultural exchanges linked by the Grand Canal have become a spectacular and brilliant page in the history of Chinese civilization. Now, the Beijing section of the Grand Canal is full of vitality.

　　The Beijing section of the Grand Canal takes Baifu Spring and Yuquanshan Springs as water sources, pours into Kunming Lake of the Summer Palace, passes through the long river, introduces Shichahai, passes through the old Yuhe River and Tonghui River, and flows into the North Canal. Among them, Tonghui River and Tongzhou section of the North Canal are all rivers of the Beijing-Hangzhou Grand Canal. Relying on the Grand Canal, the development of cultural belt, ecological belt and tourism belt is on the rise.

　　Chen Xibo, Executive Director of Tongzhou Grand Canal Research Association:From the perspective of the Grand Canal, it contains many cultures, such as water transport culture, dock culture, folk culture, and many landscape cultures, which are too numerous to list. These cultures are displayed on both sides of the canal, which is very conducive to giving full play to the cultural inheritance function of the grand canal.

　　At present, Beijing is accelerating the construction and protection of the Grand Canal National Cultural Park, which is based on the canal water system, linked with the canal culture and integrated with natural ecology and social and economic factors.

　　Chen Xibo, Executive Director of Tongzhou Grand Canal Research Association:Cultural heritage can be better protected, and the splendid Millennium Canal culture can be displayed, which is conducive to the management and protection of the entire water system of the Grand Canal, making the water on both sides of the strait clearer, the trees greener and the sky bluer, and also conducive to the development of cultural tourism industry on both sides of the strait. The canal will live. Because we can not only understand the culture, but also feel the customs on both sides of the Grand Canal through cultural tourism.

　　Since 2017, a number of landmark projects have been launched in Beijing: the retreat and renovation of sites along the canal, the comprehensive management of rivers such as the Xiao Taihou River, the establishment of a national 5A-level scenic spot in Tongzhou Grand Canal, and the navigation of cruise ships in Tongzhou section of the North Canal for 11.4 kilometers.

　　Near the old canal road, three new cultural landmarks — — The Grand Canal Museum, Theatre and Library will be built into a Beijing Grand Canal National Cultural Park with capital standards, Beijing characteristics and the weather of the times.

　　Tan Xuxiang, Director of Beijing Municipal Development and Reform Commission:Up to now, the monitoring of the Grand Canal in Beijing has been completed for ten sections, four lakes and twenty-eight sections, and the water environment quality has reached the requirements of the water environment functional zone. The cultural protection along the Grand Canal has also been strengthened, and the protection and utilization of a number of historical sites and remains have been fully launched. So far, the first phase of the Beijing section, 11.4 kilometers, has been completed, and the second phase will be completed in June this year, thus promoting the perfect integration of culture, tourism and the city in the Grand Canal Cultural Park. In the next step, we will strive to improve the ecological, cultural and environmental pattern of the Grand Canal, making it a symbol of the high-quality development of the sub-center and a green paradise for the happy life of ordinary people.

　　A new chapter on the context of the Millennium Canal.

　　The Grand Canal is a great project created by China in ancient times, and it is also a cultural symbol of China with extensive influence in the world. Beijing is accelerating the construction of the Grand Canal National Cultural Park. During the May Day period, Tongzhou Grand Canal Forest Park became a popular place for citizens to go on holiday.

　　Headquarters reporter Wang Shengdong:I am now in the Grand Canal Forest Park. According to past experience, the park authorities estimate that the number of visitors here may reach about 300,000 during the May Day holiday. It can be said that the Grand Canal Forest Park has become a good place for foreign tourists and Beijing residents to spend their holidays. The river section where I am located is also a part of the Grand Canal National Cultural Park under construction in our country, and now it belongs to Tongzhou section of Beijing.

　　A river: the cruise ship will sail soon at the end of June

　　Among all the familiar sections of the Grand Canal, Beijing has two sections, one is Tonghui River, and the other is Tongzhou Section of the North Canal.

　　Today, the first thing I want to introduce is a river. The entire Tongzhou section of this river is 41 kilometers. It is necessary to complete the navigation of the whole line of cruise ships by the end of June this year. This is a prosperous time that many people have been looking forward to for many years, because the existing river section is only 11.4 kilometers, which can meet the needs and experiences of more people to visit the canal culture after the whole navigation.

　　This river is divided into two parts, but after navigation, there will be three modes of sightseeing: one short, one long and one night sailing.

　　Scenery all the way: Tongzhou Grand Canal is creating a national 5A scenic spot.

　　Now, at the starting point of the North Canal, that is, the intersection of the five rivers, there are familiar scenic spots of three temples and one tower, as well as the Tongzhou Grand Canal, which is connected in series by the Canal Park and the Grand Canal Forest Park. At present, a national 5A-level scenic spot is being created.

　　A Fan: Witness of Water Transport Culture

　　You can see the symbols on this fan in the picture above. It is very strange. The original and copy of the fan are now quietly kept in Tongzhou Museum. This fan is an important witness to the canal water transport culture. In the Ming and Qing Dynasties, in order to ensure the safety of transporting the bridge from the south to Beijing, a non-official and non-civilian organization was derived. The personnel in the organization were called grain brokers, who checked the quality of the bridge. If relevant officials found that there was a problem with the quality of grain, they could check the responsibility through the secret symbols drawn on the grain bags by these brokers. So this fan was also called the QR code or barcode at that time.

　　Such a traceability system can be said to be an early traceability system in our country at present.

　　One line: 17 sites have been retired for repair and protection.

　　All large-scale landscape sites and sites along the canal have been properly protected, including 17 heritage sites and sites such as Baifuquan, manjuji and Baliqiao, which have been cleared, repaired and protected.

　　A feast: A number of Grand Canal cultural signs will appear.

　　Along the Grand Canal, there are not only the wisdom of our ancestors, but also the achievements of today’s people. Now three new cultural landmarks are about to rise. Now they are under intensive construction, and the museums, theaters and libraries in Tongzhou will become new landmarks in the future.

　　In addition, people are familiar with the digital experience such as the champion cultural exhibition, the map of the Luhe River, and even the workshops of various intangible products, which are now spread out on the banks of the canal.

　　Tianjin Section of the Grand Canal: Ecological Improvement and Cultural Continuation

　　As an important transportation hub of the Grand Canal, Tianjin is known as the "city carried by the Canal". The formation, development and prosperity of Tianjin city are closely related to the Grand Canal.

　　The Tianjin section of the Grand Canal starts from Muchang Gate in wuqing district in the north and ends at Jiuxuan Gate in Jinghai District in the south, with a total length of 182.6 kilometers, including North Canal, South Canal, Haihe River and Ziya River.

　　According to the distribution of river courses and heritage resources, wuqing district, Beichen District, Hebei District, Hongqiao District, Nankai District, Xiqing District and Jinghai District in Tianjin are the core areas where the Grand Canal flows.

　　The tourism resources on both sides of the Grand Canal are rich and diverse, with six main categories, including biological landscape, ruins, buildings and facilities, and a total of 275 resource products, among which the types of buildings and facilities account for the highest proportion.

　　Follow the aerial camera from the birthplace of Tianjin — — Sanchahekou started to set out, passing through many historical and cultural blocks such as Laochengxiang, Guwen Street, Juyi Street and Haihe River. Beiyang Garden and Wenjin Garden, which have just been completed in recent two years, rely on canal resources to create an ecological landscape for the people to go out and see the scenery, enjoy flowers in four seasons and walk into the forest.

　　Following the aerial camera to wuqing district, Tianjin, the green and golden eyes add gorgeous colors to the canal this season.

　　Yang Longyue, Tianjin wuqing district Water Affairs Bureau:We are now located in an important water conservancy hub in Wuqing section of the North Canal, with a total of nine water structures. The one behind me is an important one called the 16-hole sluice, which undertakes the task of flood discharge and drainage during the flood season. In recent years, we have also planted more than 200,000 square meters of landscape plants such as Isatis indigotica and rape flowers on the basis of the original landscape of the North Canal in non-flood season, providing landscape belts for people to enjoy and play.

　　Since the beginning of this year, Tianjin has made every effort to promote the cultural protection, inheritance and utilization of the Grand Canal, and carried out planning, cultural relics protection, project implementation, etc., and established a "1+4" planning system, namely, the Implementation Plan for Cultural Protection, Inheritance and Utilization of the Grand Canal in Tianjin and four special plans for cultural heritage protection, cultural tourism integration development, river water system management and protection, and ecological environment protection and restoration. The cultural protection, inheritance and utilization of the Grand Canal has changed from top-level design to full implementation stage.

　　Liang Jun, Deputy Director of Tianjin Development and Reform Commission:According to the protection of cultural relics, water resources protection and ecological restoration along the river, there are 9 categories and 51 key projects, with a total investment of 31 billion yuan. In the next step, Tianjin will adhere to one policy, pay attention to one map as a whole, highlight the protection of cultural relics, ecology, rivers, and accelerate the navigation of tourism in Beijing, Tianjin and Hebei.

　　Enjoy the charm of the canal by painting the ancient town in New Year.

　　The most distinctive section of the Grand Canal in Tianjin — — Xiqing section of the Grand Canal, where the Yangliuqing Grand Canal National Cultural Park has been started.

　　Headquarters reporter Wang Xiaopei:I am now located in the Xiqing section of the Grand Canal, with a total length of more than 30 kilometers, of which 16.5 kilometers is a world cultural heritage, and the ancient town of Yangliuqing is on both sides of the canal. Just now, I also experienced a circle by boat, and the scenery on both sides of the strait in the water is also unique. On the north side of the canal is the most prosperous amorous feelings block in Yangliuqing town, next to the Shijia Courtyard, a national 4A-level scenic spot known as the "first house in North China". On the south side of the canal is the Yangliuqing Grand Canal National Cultural Park, which was officially launched in 2019.

　　The Yangliuqing Grand Canal National Cultural Park covers an area of more than 2,800 mu, which is divided into three sections: a famous historical town, a treasure island and a cultural town. The core part is the treasure island, which is also the main part of planning and construction at this stage.

　　Yuanbaodao is divided into three areas: Jingu Wetland Cultural Tourism Zone, Chinese Traditional Quyi Cultural Experience Zone and Nian Cultural Experience Zone, as well as the vitality ring of water transport culture.

　　The entire Yangliuqing Grand Canal National Cultural Park, when planning, has three adherences.

　　First, insist on planning before moving. That is to solve the problem of "how to plan and what to build". In fact, before you see this planning version, there are five versions planned and designed by famous designers from all over the country and even the world. The final version can be said to be the most suitable for Yangliuqing, Tianjin and the Grand Canal.

　　The second is to adhere to cultural guidance and solve the problem of "how to protect and inherit what". The biggest charm of Yangliuqing Grand Canal National Cultural Park is the Millennium culture behind it. In addition to Yangliuqing New Year pictures, there are also a series of national non-legacy projects such as paper-cutting and kites. In the future, the China New Year Picture Museum will be planned and built here, giving full play to Yangliuqing’s New Year Picture culture, water transportation culture and rushing to camp culture. At the same time, according to the principle of "preserving the past, inheriting the past, promoting the past and using it", we will learn from the exhibition method of Riverside Scene at Qingming Festival to realize the reappearance of historical scenes. That is to say, the buildings repaired here will also show a bright breeze in the future.

　　The third is to adhere to the integration of cultural tourism and solve the problem of "how to operate and what to develop". For example, in view of the famous historical town plate, the method of "reactivation" is adopted to retain more than 800 existing old houses, to carry out historical and cultural restoration, to develop special tourism, special homestays and other formats, and to introduce market capital, focusing on building canal water street, intangible experience, Chinese time-honored brands and other formats, so as to turn this place into a tourist attraction and a cultural punching place.

　　Tianjin is a city born and prospered by rivers. Everyone in Tianjin has learned the warmth and perseverance of water, and also has the obligation and responsibility to protect, inherit and make good use of the Grand Canal and its long-standing culture. The designers and managers of the National Cultural Park also have a small wish, that is, to make people all over the world yearn for celebrating the China Year of the Lunar New Year in Yangliuqing, so that tourists from Beijing, Tianjin and Hebei can have a full moon weekend in Yangliuqing and enjoy the living heritage here.

Cctv newsAccording to the website of the Ministry of Education, the Ministry of Education recently issued the "Regulations on the Administration of National Postgraduate Enrollment in 2022" (hereinafter referred to as the "Regulations"), and deployed all enrollment units in various places to co-ordinate the enrollment of postgraduate examinations under the condition of normalization of epidemic prevention and control. The initial test of the 2022 national postgraduate entrance examination is scheduled for December 25-26, 2021, and a few examination subjects that take more than 3 hours or have special requirements such as using sketchpad are scheduled for December 27.

　　The "Regulations" clarify that the registration of the national postgraduate entrance examination includes two stages: online registration and online confirmation (on-site confirmation). Online registration will be arranged from October 5 to October 25 (9:00— 22:00), the work of forecasting names is arranged from September 24 to September 27 (9:00— 22:00）。 All candidates who take part in the national postgraduate entrance examination shall go through the online registration and online confirmation (on-site confirmation) procedures at their designated entry points in accordance with the provisions of the relevant provincial education entrance examination institutions.

　　The "Regulations" require further strengthening the standardized management of adjustment work. The basic requirements for the adjustment of candidates are the same as last year. In view of the fact that the preliminary examination subjects of seven majors, such as business administration, public administration, accounting, tourism management, library and information science, engineering management and auditing, are completely consistent, in order to ensure fairness and justice, it is further clarified this year that when candidates transfer between seven majors, on the basis of meeting other transfer conditions, the preliminary examination results must meet the basic requirements of the national preliminary examination results of both transferred majors and transferred majors in the transferred areas.

　　The "Regulations" emphasize further serious examination of discipline. The majority of candidates are required to consciously establish the awareness of obeying rules and disciplines and honest examinations. During the initial examination, candidates should consciously abide by the "National Postgraduate Entrance Examination Examination Rules" and the examination room discipline of each test center; During the re-examination, candidates should consciously abide by the rules of the examination room of the admissions unit and the "Commitment Letter of Integrity Re-examination" signed by the candidates, and shall not disclose or disseminate the contents of the re-examination questions before the re-examination of the admissions unit is over.

　　In order to help the majority of candidates fully and accurately understand the postgraduate enrollment policy, the relevant departments of the Ministry of Education will launch the "2022 National Postgraduate Enrollment Publicity and Consultation" activity on the "China Postgraduate Enrollment Information Network" (https://yz.chsi.com.cn, https://yz.chsi.cn) from September 22 to 26, when all postgraduate enrollment units will answer candidates’ questions online.

On January 26 th, Titanium Media App reported that the General Administration of Financial Supervision held a meeting to deploy and promote the implementation of the coordination mechanism for urban real estate financing. Actively responding to the call of national policies, we officially launched the real estate debt basket on January 25, 2024, and independently underwritten and issued the first asset-backed debt financing tool for real estate enterprises. Through a series of innovative measures, the bank’s real estate bonds provide market liquidity, accurately support real estate enterprises, boost the market confidence of real estate enterprises and help their financing needs while meeting the trading needs of investment institutions.

It is understood that the real estate bond basket (basket code: BBX026002) launched this time has a trading unit of 30 million yuan, and the portfolio includes three real estate corporate bonds, each of which is 10 million yuan. All of them select high-quality real estate bonds with a remaining maturity of less than 5 years, which has both allocation value and market liquidity. The bonds in the portfolio will be adjusted according to the actual market situation.

While launching the real estate debt basket, Zheshang Bank also innovatively launched the asset-backed debt financing tool for real estate enterprises. On January 25th, Zheshang Bank independently underwritten and issued the asset-backed debt financing instrument (CB) of Huayuan Real Estate Co., Ltd., with a total scale of 290 million yuan and a term of 2 years.