On November 20 th, because CPI, PPI and initial application data all supported the Fed’s expectation of raising interest rates, the major indexes of US stocks all recorded three consecutive weekly gains last Wednesday, and the Dow rose 1.94%. The Nasdaq rose by 2.37%; The S&P 500 index rose 2.24%.

　　However, it is worth noting that although the market seems to usher in a "sweet period", the Fed has been warning about risks, and some officials still stressed that the possibility of further interest rate hikes is not ruled out, which also suppressed the gains of US stocks to some extent.

　　Among them, Boston Fed President Collins said that the possibility of further interest rate hikes will not be ruled out; Chicago Fed President goolsbee believes that inflation has improved, but it is still too high, and will make every effort to beat inflation; San Francisco Fed President Daley continued to reiterate that the Fed is not sure whether inflation can reach the target of 2% and should be patient in the face of economic uncertainty; Federal Reserve Vice Chairman Barr reiterated the Fed’s concern about hedge fund basis trading.

　　As for the advice to the market, Michael Hartnett, chief investment strategist of Bank of America, said that after experiencing an "epic rebound", investors should sell these risky assets as technical and macroeconomic unfavorable factors are accumulating.

　　JackMcIntyre, portfolio manager of Brandywine Global, said that the recent increase in the stock market is amazing enough, and we need to find the next catalyst. The peak of the third quarter earnings report has passed, and the Federal Reserve will definitely stay put in December. The stock market needs to find new guidance, such as November inflation data.

　　For the past weekend, the global focus has undoubtedly focused on OpenAI, the initiator of this wave of AI. Last Friday, it was announced that CEO Altman had left, his ability was questioned, CTO took over temporarily, and the president subsequently resigned; Employees questioned whether to seize power, but the chief scientist denied it, saying it was to ensure the construction of AGI； for the benefit of all mankind; A big reversal in just 24 hours: It is said that the board of directors negotiated to restore Altman’s position, but the negotiations were blocked. He hoped to replace the existing directors and posted a message suggesting that he would return.

　　There is also news that Microsoft CEO Satya Nadella has been contacting Altman and promised to support him no matter what measures he takes next.

　　This wave of huge earthquakes at the top of OpenAI can be described as a realistic version of the "Gongdou" drama. However, from the perspective of influence, CEO Altman plays a vital role in OpenAI and even the entire AI industry. If Altman leaves, where will OpenAI go, and whether its major shareholder Microsoft will be affected, and if Altman joins other enterprises, whether the existing pattern in the AI field will change again, we will wait and see.

　　In other news, OPEC+ may cut production by up to 1 million barrels per day, and Saudi Arabia will at least extend its voluntary production reduction until next spring, and international oil prices will rise sharply.

　　Looking at this week, the minutes of the Federal Reserve’s monetary policy meeting in November can not be ignored. Although the market has priced the expectation of not raising interest rates, the minutes of the meeting may reveal the differences among members to some extent and how some members may vote next. And if the US economic data continues to weaken, it may overwhelm the contents revealed in the minutes of the meeting.

　　NVIDIA, the leader of AI, will announce its latest results, and its revenue in the third quarter is expected to reach 16 billion US dollars, up 170% year-on-year. Wall Street analysts believe that NVIDIA’s revenue in the third quarter will reach $16.1 billion, exceeding expectations. They also expect the company’s revenue in the fourth quarter to be around $17.7 billion (up 193% year-on-year). If the company’s performance or outlook falls short of expectations, the chill may strike again.

　　It is worth noting that the US stock market will usher in the Thanksgiving holiday this Thursday, so the market may enter a dull one.

　　[Market Review]

　　The three major indexes of US stocks all recorded three consecutive weekly gains. The Dow rose 1.94% last week; The Nasdaq rose by 2.37%; The S&P 500 index rose by 2.24%.

　　[One-week preview]

　　[Weekend Highlights]

　　OpenAI high-rise earthquake!

　　Last Friday, it was announced that CEO Altman had left, his ability was questioned, CTO took over temporarily, and the president subsequently resigned; Employees questioned whether to seize power, but the chief scientist denied it, saying it was to ensure the construction of AGI； for the benefit of all mankind; A big reversal in just 24 hours: It is said that the board of directors negotiated to restore Altman’s position, but the negotiations were blocked. He hoped to replace the existing directors and posted a message suggesting that he would return.

　　The San Francisco Declaration of APEC Leaders in 2023 (Abstract) was released.

　　China Merchants Securities believes that the main consensus of the 2023 APEC Summit is: trade, numbers and tolerance. The summit also emphasized the opportunity of green market and the rapid growth of China’s "new three kinds" exports of new energy vehicles, lithium batteries and photovoltaic products. The advantages of China’s new energy industry chain can effectively reduce the green financial expenditure of various economies in the process of global low-carbon transformation and the supply-side price pressure in the process of transformation. During the summit, China and the United States reached a consensus on further substantially increasing international flights, expanding educational and cultural exchanges, setting up an anti-drug cooperation working group and establishing an intergovernmental dialogue on artificial intelligence, which will promote dialogue and cooperation between the two countries in more fields such as science and technology, economy and trade, humanities and education.

　　The Fed continues to warn of risks internally.

　　Boston Fed President Collins said that the possibility of further interest rate hikes will not be ruled out; Chicago Fed President goolsbee believes that inflation has improved, but it is still too high, and will make every effort to beat inflation; San Francisco Fed President Daley continued to reiterate that the Fed is not sure whether inflation can reach the target of 2% and should be patient in the face of economic uncertainty; Federal Reserve Vice Chairman Barr reiterated the Fed’s concern about hedge fund basis trading.

　　OPEC+ will cut production by up to 1 million barrels per day, and Saudi Arabia will at least extend its voluntary production reduction until next spring.

　　These motions may be put forward at this weekend’s OPEC+ meeting. On hearing the news, the international crude oil rose more than 4%, and the oil distribution reached the psychological integer of $80. However, the oil price plunged by nearly 5% on Thursday, hitting a four-month low. After Big bounce on Friday, the crude oil continued to fall for four weeks, mainly due to the surge in non-OPEC supply and the growing concern about global oil cooling.

　　Meta reorganizes RAI team to fully bet on generative AI.

　　A spokesperson for Meta recently revealed that Meta has dissolved its ResponsibleAI(RAI) department, which is committed to supervising the safety of artificial intelligence projects when they are developed and deployed. The spokesman said that most members of the RAI team have been reassigned to the company’s Generative AI product department, while others will now work in the AI infrastructure team.

　　Everything Network: MasterCard brand RMB bank card will be launched as soon as possible.

　　According to CCTV news, after obtaining the bank card clearing business license issued by the People’s Bank of China, Wanshiwanglian Information Technology (Beijing) Co., Ltd. said today (November 19) that the People’s Bank of China and the State Financial Supervision and Administration Bureau have reviewed and approved the application for opening a bank card clearing institution submitted by Wanshiwanglian. The company will introduce MasterCard brand RMB bank cards to the market as soon as possible, and lay an omni-channel acquiring network to support cardholders to spend money at more than 100 million merchants at home and abroad. Everything Network will actively build a safe, convenient and intelligent new payment ecology and become a new force on the road of high-quality development of China market.

　　Tesla FSD is about to enter China, and everything is ready.

　　According to TecbWeb, an overseas source said that Tesla FSD is about to enter China, and everything is ready. However, Tesla has not announced the public relations news. In October, many car bloggers in China broke the news that the new Model 3 will use FSD after many confirmations, and it is expected that the road test will be carried out in China soon.

　　[financial calendar]

"Overhead Generation": How far are we from the real world?

Brush the sense of existence in the WeChat movement, find love in online novels, and achieve "the glory of the king" &hellip in the game; … When Wifi becomes the "underlying demand", real life is constantly being "binarized". In the overhead world of "I share, therefore I am", people are more closely connected and convenient; But in reality, people are increasingly alienated, lonely and anxious. This is your life and mine. Is it really "overhead"? How far are we from the real world?

Youth stuffed with net articles and "eat chicken"

At 2: 30 in the morning, Hu Xin, a "post-90 s" youth, sent a team invitation in the "Eat Chicken" group. Within ten minutes, three group friends responded quickly. Near three o’clock, the whole city was silent, but four young people lit up their screens and put on headphones in their respective corners, once again immersed in the game world.

"Eat Chicken", which Hu Xin and his teammates are keen on, is a mobile phone game that has recently become popular among young people. A variety of game circles are more magical than the so-called "magic capital" that these young people live in. "All kinds of game groups are day and night." Hu Xin told reporters who talked for half a month that in the dozen game groups she formed or joined, there were many late-night drinks and team brushing games; It is not uncommon to take screenshots all night.

In the daytime, another group of people "took over" to discuss raiders and cheats. In reality, these young people who play tricks online and chat for hours every day have different careers, and they live far apart, so they may never meet for the rest of their lives. But in the game, they fight side by side every day, share jargon that only people in the circle understand, and become the most like-minded playmates.

Hu Xin is regarded as an ashes player among his peers, from simple "eliminating pleasure" to once-popular "the glory of the king" and "Master of Yin and Yang", and then to the newly-popular "Jump" and "Eat Chicken". "What makes people addicted is not a specific game, but the feeling of being immersed in another world. Whether you lose your job today, break up, or have no money to pay the rent, all the troubles in reality can be forgotten. " She said.

"Even if it is not a game, it is also other virtual entertainment. My hobby is going to Jinjiang to catch up with online articles, and one of my roommates spends an hour or two brushing Tik Tok every night, without brushing or sleeping. " Wu Li, a graduate student, said.

Jinjiang and Tik Tok, which Wu Li and her roommate are keen on, are in the limelight in the online world and short video apps. According to reports, Tik Tok, a short video software launched in 2016, has now played more than 100 million videos per day. Jinjiang Literature City, which is known as "the largest female literature base in the world", is an evergreen tree in the "literary circle" — — It claims that there are 2.2 million daily registered fixed users, and more than 10,000 registered users are added every day.

Wu Li is a staunch member of these 2.2 million people. She has a history of pursuing literature for nearly 10 years, and she talks about "crossing", "Xian Xia" and "fantasy", which sounds like a few treasures to laymen. Wu Li said that online platforms such as Jinjiang will launch lists of TOP100 and TOP200 hits on a monthly and quarterly basis. When I am most obsessed, the list of books on the list can be read before the next update.

"It’s really getting up, eating, and lighting a flashlight. Several times, I took the subway and used my mobile phone to chase the text. I sat in the station, fell back and took the subway in the opposite direction, and then chased the text. As a result, I passed the station. " Wu Li said.

Lu Songsen, an 80-year-old special-grade teacher in Jiangsu Province, said with emotion that today’s students are inseparable from mobile phones and social networks. They chat and joke online, instead of going out to play in groups like children used to.

According to statistics on the Internet, as of 2012, all players have spent a total of 5.92 million years on the online game World of Warcraft, which is equivalent to the evolution of the entire human species.

It seems to be stuffed, but it is actually overhead.

Like a miserly businessman, the Internet has given convenience to a generation of young people, but at the same time, it is also quietly asking for it in its own way. Some young people who deeply "touch the net" find that with the deepening of "secondary element", their connection with the real world has been gradually overhead.

— — Virtual beauty, reality a chicken feather. Huang Yu, who works in a logistics company, summed up the pleasure brought by the game as "a sense of accomplishment in sharp contrast with reality". Even though I am not as capable as you in real life, I KO you more times in the game and rank higher than you.

Others like "life in a circle of friends" "I can’t help but send a circle of friends for 3 seconds every day, and I want to see who has commented." Zhao Xinzhi, who works in a public institution, has become accustomed to the life of "taking photos before meals and taking selfies must be beautiful". In her opinion, whether it is true or not, as long as it is a "winner in life" in the circle of friends.

— — Virtual social overhead emotional needs. More and more young people are addicted to ambiguous virtual friendship and love. Shanghai Doumeng Technology once conducted a user survey for 1,000 post-90s generation, asking: Who are your real friends among classmates, friends and relatives and gay friends who met through online reading? Results More than 90% people choose people they know in the virtual world, because they firmly believe that people in the virtual world know their joys and sorrows better.

Wu Li also found that the "literary circle" around him is almost equal to the single circle. As a little girl in her twenties, the single rate who is keen on reading online novels exceeds 70%. This ratio is significantly higher than other girls of the same age and environment.

The high single rate of women who pursue literature is not only because reading books consumes social time. More importantly, online texts and online dramas will create a set of "pink world" with a strong sense of substitution. Girls who are used to seeing all kinds of overbearing presidents and black-bellied affectionate heroes can easily live in this world where perfect men are ready to save ugly ducklings and girls everywhere, but they don’t care about the real world.

"The virtual world really fills the emotional needs of young girls and makes us less eager for love and family." Wu Li described that many girls around him hold the view that money can be earned by themselves and life can be lived by themselves. If you can’t find a better person than the online man, why should you fall in love?

— — The more noisy the online life is, the more lonely the real life is. Lei Gang, a young man born after 1985, lives in Nanjing. Every day, his family is like this: he goes home for dinner on weekdays, puts on his headset to play games, and his wife watches TV and brushes online dramas in the living room. Under the same roof, sometimes I can’t say two words in one night.

"I also feel that it has always been so bad, but it is difficult for both parties not to play or watch at the same time. The later, the more difficult it is to find another lifestyle. "

Lei Gang said that not only the couple, but also their parents and colleagues are more or less troubled by spending more time on the screen and less real face-to-face communication. At family gatherings, each family grabs a red envelope with his mobile phone, and the old man has no chance to talk to his children. Colleagues chat enthusiastically in QQ group every day, but once they meet, they are like strangers, and they don’t know what to say to each other. "Social networks make people thousands of miles away close at hand, but at the same time, people who are close at hand are increasingly alienated."

In recent years, there is a kind of "phone phobia" which is especially suitable for WeChat and QQ communication, but it is a "symptom" when the phone rings. Although there is no accurate conclusion yet, some followers believe that from "fear of meeting" to "fear of voice", the real communication and emotional ties between people are being dissolved and evacuated.

What is overhead is not only reality, but also the mind.

"The Internet provides an exit to escape from reality at any time. In the virtual space, it is easier for people to build their ideal selves, and social interaction becomes simpler, more friendly and more arbitrary." Dong Yizhi, a lawyer in the field of Internet investment finance, believes that many of the words spoken on social networks are for himself. Brushing the track and showing the daily life every day is actually brushing the sense of existence. The reason for this may be that it is difficult to find like-minded people in real organizations, or some real demands cannot be met in time.

"In this seemingly overhead world, people can vent their unconscious tension and anxiety." Dr. Tao Xinhua, the first supervisor of the psychological consultation registration system of the Chinese Psychological Association, said that the impact of scientific and technological innovations such as the Internet on people’s lives has two sides: on the one hand, it better meets people’s living needs, on the other hand, when the needs are over-satisfied and uncontrolled, it will destroy life.

"This is not the result of technological innovation such as the Internet ‘ Side effects ’ However, scientific and technological progress has disrupted the balance of people’s lives, and they are not used to and adapt to the rapid development of science and technology. " Tao Xinhua said.

Lu Songsen, an old teacher, is very worried about the younger generation, especially underage children. Because of the lack of interaction with nature, the immune function will not develop completely. "The overhead of the real world is essentially the disconnection between knowledge and people’s literacy, the disconnection between young individuals and society, and the disconnection between knowledge and action, which makes children unprepared and have insufficient ability to adapt to and cope with the rapid development of science and technology."

As Turkel expressed in the book Group Loneliness, scientific and technological innovations such as the Internet have brought us this new type of loneliness, but this is not the fault of the Internet. On the contrary, the real problem is that we are not fully prepared for the arrival of the Internet.

"People’s desires are infinite, but their abilities are ultimately limited. What is important is to find the true self in their hearts and find their own position in real life." The interviewed experts suggested that it is more important than anything to go out for a walk and play, to embrace nature again in the real world, to establish a thick and intimate social relationship, and to plan a healthy lifestyle to adapt to the new era.

After all, everyone’s specific life is unique, which can’t be replaced by others, and it is impossible to make up for it in the future. Just as Ready Player One, a popular movie recently, said, return to reality and don’t escape, because reality is the only real existence. After all, "the game is always virtual, and only in the real world can you have a full meal." (Talk to reporter Pan Wei and Wang Jue for half a month)

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Frontier science issues

What is the ecological mechanism of cross-species transmission of coronaviruses?

　　At present, COVID-19 is raging around the world. Virologists have repeatedly warned that cross-species transmission of coronaviruses is a high probability event. The background situation of wild animals such as bats carrying coronaviruses and how wild animals break through ecological and physiological barriers to cause cross-species transmission and infection are still unclear at the scientific level. This question is of great significance for revealing the cross-species transmission mechanism of coronaviruses and preventing future epidemics caused by coronaviruses.

Question 2: How will the attractive force wave reveal the mysteries of the universe?

　　Since the first direct detection of attractive force waves in 2015, attractive force waves have rapidly become a hotspot in the frontier research of basic physics and astrophysics in the world, and it is expected that there will be a historical opportunity for major breakthroughs in the origin of the universe in more than ten years. Attractive force waves open a new window for observing the universe. By observing the generation and distribution of attractive force wave sources in the universe, it is expected to answer the deep scientific questions left over from the standard model of general relativity and particle physics, thereby deepening the understanding of nature.

Question 3: How does Earth’s material evolve and circulate?

　　The earth’s materials are mainly divided into rocks and minerals. People’s understanding of the evolution and circulation of magmatic rocks and metamorphic rocks in the earth’s historical period is blurred due to the lack of comprehensive analysis of big data. Using the comprehensive analysis of big data platforms and deep-time big data systems on the earth, it is possible to establish a connection between the basic course and special events of mineral evolution and planetary geological evolution, clarify the evolution law and coupling relationship of planetary earth and its multiple circles from the perspective of mineral evolution, and answer the basic scientific questions about how planetary earth evolves and whether there is a co-evolution relationship between various circles of the earth.

Question 4: What will a fifth-generation nuclear energy system look like?

　　In 2000, the Fourth Generation Nuclear Energy System International Forum initiated by the US Department of Energy divided the development of nuclear energy into four generations. At present, the research on the fifth generation nuclear energy system is still in the exploratory and exchange stage, and there is no mature concept definition and goal definition, and there is little talk about its realization path. If it can promote the implementation and final realization of the concept of the fifth generation nuclear energy system, it can reform the concept of nuclear energy development, the model of nuclear energy development, the concept of nuclear energy application, and support the deep decarbonization of the energy system; lead the world in nuclear energy innovation, and help China become the world’s nuclear energy innovation highland.

What is the scientific principle of special energy field-assisted manufacturing?

　　With the continued demand for lightweight and safety in aerospace, transportation, and other fields, high-strength materials, including ultra-high-strength steels, light alloys, composites, and intermetallic compounds, are applied to complex components. As material strength increases, manufacturing difficulty increases significantly, and forming defects are more difficult to control. Existing research shows that special energy field-assisted forming technology has great potential in improving the manufacturing challenges of high-strength and difficult-to-deform materials.

Question 6: How can digital transportation infrastructure promote the coordinated development of autonomous driving and vehicles?

　　In the future, the large-scale social operation of autonomous vehicles will inevitably appear, which will be a change for the transportation system, and the road transportation system is facing the challenge of evolution and replacement. For the research on new road infrastructure to support the social operation of autonomous driving, our country is still in its infancy, and there is no ready-made advanced technology and experience abroad to learn from. It is necessary to transfer the support of autonomous driving research to the research of intelligent supply on the infrastructure side and the research of comprehensive integrated landing application in a timely manner.

Question 7: What is the mechanism of traditional Chinese medicine that regulates human immune function?

　　Although the basic research of immunology has made remarkable achievements and medicine is also developing by leaps and bounds, it is still insufficient in the prevention and treatment of many difficult and serious diseases. Autoimmune diseases such as systemic lupus erythematosus, rheumatoid arthritis, and ankylosing spondylitis still plague patients. The occurrence, development, and outcome of these major and difficult diseases are closely related to immunity. Traditional Chinese medicine can act on the body at multiple levels, targets, and pathways, regulate the body’s immune function, and has important application value in disease prevention and treatment.

Question 8: What is the biological basis of plant apomixis?

　　Non-fusion reproduction is a kind of reproductive method that propagates asexually through seeds, which can make hybrid varieties produce cloned seeds, keep the characters of hybrid offspring from separating, and thus permanently fix ** advantages. However, due to the complexity of the mechanism of non-fusion reproduction, despite the efforts of scientists from many countries for nearly a century, its formation mechanism is still unclear, and it has not been successfully applied to crop breeding.

Question 9: How to optimize the water carrying capacity of our country in a changing environment and achieve a healthy regional water balance?

　　At present, the construction of ecological civilization in our country has entered an accelerated period and a critical period, which puts forward higher requirements for the intensive utilization and strict protection of water resources. Studying the scientific issue of water resources carrying capacity and water balance optimization under changing conditions is conducive to deepening the understanding of the factors of regional water cycle in our country and their evolution laws, improving the evaluation method of water resources carrying capacity, clarifying the index significance of water balance status for water resources carrying capacity, clarifying the occurrence mechanism of many water problems and ecological environment problems, and providing important theoretical and technical support for summarizing the economic and social development and ecological protection models that are compatible with water resources carrying capacity, and effectively protecting and restoring the ecological environment.

Question 10: How to establish a theoretical and technical foundation for virtual twins and develop demonstration applications?

　　Virtual twin is a process and method for describing and modeling the characteristics, behavior, formation process and performance of physical entities and intelligent entity objects in the real world using digital technologies such as sensors, Internet of Things, virtual reality, artificial intelligence, etc. on the basis of digital twin, also known as virtual twin technology. It is based on digital twin, but focuses more on modeling and simulation of intelligent entities or living beings. How to realize the interaction and integration of manufacturing the physical world and the information world is one of the core bottlenecks currently faced by the practice of intelligent manufacturing concepts and goals at home and abroad.

Engineering problems

Question 1: How to develop new pathways and technologies for novel immune cells in tumor treatment?

　　Immune cell technology is the hope for human to completely cure tumors, and it is one of the hot areas pursued by cutting-edge medicine and capital around the world. As a key node cell linking cellular immunity and humoral immunity, dendritic cells (DC) can mobilize the entire immune system, resist the invasion of pathogens and promote the clearance of tumor cells, becoming a key research direction of new immune cell therapies. The new DC amplification technology can realize the standardization and mass production of DC vaccines, which can significantly reduce the preparation cost and serve more cancer patients, with obvious economic and social benefits.

Question 2: Why has the integrated design of horizontal take-off and landing combined power vehicles become the new focus of aerospace technology?

　　水平起降组合动力运载器具有快速、廉价、可靠的特点，可成为低成本天地往返运输工具。水平起降组合动力运载器一体化设计技术是支撑未来航天运输系统发展与应用的核心技术之一，是未来先进航天运输系统的重要支撑技术之一。

●问题3：如何实现农业重大入侵生物的前瞻性风险预警和即时控制？

　　农业有害生物入侵不仅仅是简单的植物病虫害或动物疫情问题，入侵生物的发生流行不仅危害食品安全和农业生产，造成巨大的直接经济损失，还可能对人类健康构成越来越大甚至是灾难性的威胁，对外交、经济和社会产生巨大影响。因此，站在国际化、全球化视角，从科学研究和专业技术层面，开展农业入侵生物跨境传播预警及防减技术合作的协同攻关，将有力解决入侵生物疫情的源头治理和联防联控关键技术难题，保障社会稳定与公共安全。

●问题4：信息化条件下国家关键基础设施如何防范重大电磁威胁？

　　强电磁脉冲一旦对金融、能源、电力等领域的关键信息基础设施产生影响，将可能导致交通中断、金融紊乱、电力瘫痪等重大事故。开展此项研究，对确保关键基础设施电磁安全、保护经济建设成果、提升关键基础设施容灾抗毁能力具有重要意义。

●问题5：硅光技术能否促成光电子和微电子的融合？

　　信息光电子芯片已然成为“数字化新基建”的核心和基石，也是全球信息通信价值链的关键领域和网络强国建设的“国之重器”。硅基光电子芯片技术既可应用于芯片级光互连，又适用于长距离光纤通信，可实现全功能光电子集成，具有极高的通用性和兼容性，是微电子和光电子两大产业公认的发展方向。利用国内现有微电子产业资源和互补金属氧化物半导体（CMOS）制造平台，建立健全硅光产业链，可以有效提升我国信息光电子的制造能力，缓解光电子芯片制造工艺的“卡脖子”困境，为我国信息化新基建提供有力支撑。

Question 6: How to solve the problem of on-line defect detection in integrated circuit manufacturing process?

　　The field of integrated circuits is currently the main battlefield of international science and technology competition and the focus of the game between major powers. For integrated circuit defect detection technology and equipment, on the one hand, the most advanced technology and equipment are monopolized by a few developed countries; on the other hand, the defect online detection technology of 7 nanometers and below nodes around the world is still immature, and the equipment gap is still huge. Whoever takes the lead in mastering the corresponding key technologies will have the dominance in the future. This is both an opportunity and a challenge for our country.

Question 7: How can unmanned vehicles achieve high-precision intelligent navigation under conditions where satellites are not available?

　　Special unmanned vehicles represented by unmanned rescue vehicles, unmanned mining vehicles, and unmanned transport vehicles are the core unmanned equipment for completing modern operations, emergency rescue and disaster relief. In order to improve the emergency rescue and joint operation capabilities of unmanned vehicles, its navigation system is required to have functions such as high-precision positioning, autonomous obstacle avoidance, intelligent path planning and guidance. Therefore, it is necessary to study high-precision and fully autonomous navigation methods and to solve the problem of inertia-based intelligent navigation for unmanned vehicles.

● Question 8: How to achieve the unity of "large-scale", "low energy consumption" and "high stability" in the large-scale production of hydrogen by electrolysis of water from renewable energy sources?

　　The development of high-efficiency and low-cost renewable energy and hydrogen energy technologies is a timely response to the country’s major needs, and it is also a high-quality solution for reducing carbon emissions and mitigating climate change globally. However, the current level of development of hydrogen electrolysis technology limits the conversion efficiency and industrialization process of renewable energy into chemical energy. Breakthrough in high-efficiency, low-cost, and large-scale hydrogen electrolysis technology can greatly promote the utilization and development of renewable energy and hydrogen energy.

Question 9: How to break through the intelligent construction and engineering health protection technology of the expressway into Tibet?

　　The lithology of the Qinghai-Tibet Plateau is complex and changeable, the neotectonic movement is intense, the deep and large active faults are widely distributed, the glaciers, permafrost and mountain disaster groups (chains) are developed, and there are "significant terrain height difference", "strong plate activity", "frequent mountain disasters", "sensitive permafrost environment" four geological environmental characteristics, as well as "high frequency freeze-thaw cycle", "severe wet and dry alternation" and "extreme cold and hypoxia" three climatic and environmental characteristics. The series of engineering and technical problems brought about by this are the key technical factors restricting the development of high-speed transportation in Tibet.

　　Cartography: Pan Xutao Caption: Figure 1: The officers and men of the company where "Wang Jieban" is located participated in the actual military exercise. Photo by Wang Lei (Xinhua News Agency)

　　Figure ②: Guangdong Province’s counterpart support to Kashgar, Xinjiang, has brought about profound changes in the local social outlook. The picture shows the employees of Guangdong Cisco Development Industry Co., Ltd. in Jiashi County, Kashgar, Xinjiang, working on the production line. Xinhua News Agency reporter Tian Jianchuan photo

　　Figure ③: In recent years, Shaanxi Province has continued to carry out key comprehensive management of the Hanjiang River Basin, and the ecological protection of the Hanjiang River Basin has achieved initial results. Xinhua News Agency reporter Tao Mingshe

　　Figure ④: Since May, Qingkou Town, Ganyu District, Lianyungang City, Jiangsu Province has organized art teachers of college student village officials to draw civilized wall paintings on the blank walls of various communities with the theme of socialist core values. Photo by Shao Shixin and Li Gang (People’s Vision)

　　On July 26th, General Secretary of the Supreme Leader delivered an important speech at the seminar for leading cadres at the provincial and ministerial levels, pointing out that since the 18th National Congress of the Communist Party of China, on the basis of the great achievements made in China’s development since the founding of New China, especially since the reform and opening up, the cause of the Party and the state has undergone historic changes, China’s development has reached a new historical starting point, and Socialism with Chinese characteristics has entered a new stage of development. Socialism with Chinese characteristics’s continuous great achievements mean that the Chinese nation, which has been suffering for a long time in modern times, has made a historic leap from standing up, becoming rich and becoming strong. It means that socialism in China is full of vitality and constantly opening up a new realm of development. It means that Socialism with Chinese characteristics has expanded the way for developing countries to modernize, contributed China wisdom and provided China’s plan for solving human problems.

　　其中“从站起来、富起来到强起来的历史性飞跃”的论断，既简明扼要地概括了近代以来中国实现飞跃的历史进程，又深刻揭示了中国特色社会主义不断开辟发展新境界的历史意义。其背后，则是中国人民创造幸福生活、一步步实现“中国梦”的生动实践。

　　中国发展的历史方向

　　要深刻领会最高领袖总书记“7·26”重要讲话精神，首先要认识和把握讲话中的历史方位感。对历史经验进行总结与运用，从不断认识和把握历史规律中找到前进的正确方向和正确道路，正是中国共产党长期以来能领导中国革命、建设、改革不断取得胜利的一个重要原因。

　　最高领袖经常在一些重大场合谈及历史。在庆祝中国共产党成立95周年大会上的讲话中，他曾说：“‘明镜所以照形，古事所以知今。’今天，我们回顾历史，不是为了从成功中寻求慰藉，更不是为了躺在功劳簿上、为回避今天面临的困难和问题寻找借口，而是为了总结历史经验、把握历史规律，增强开拓前进的勇气和力量。”

　　而“站起来”“富起来”“强起来”，正是最高领袖在回顾近代中国发展历史的基础上做出的历史判断，是透过“历史规律的望远镜去细心观望”而得出的论断。

　　在几千年的历史发展中，中华民族创造了悠久灿烂的中华文明。但是近代以后，由于西方列强的入侵，由于封建统治的腐败，中国逐渐沦为半殖民地半封建社会，山河破碎，生灵涂炭，中华民族遭受了前所未有的苦难。五四运动后，1921年，在中华民族内忧外患、社会危机空前深重的背景下，中国共产党诞生了。此后，中国共产党带领中国人民打败了日本帝国主义，推翻了国民党反动统治，完成了新民主主义革命，建立了中华人民共和国，实现了中国从几千年封建专制政治向人民民主的伟大飞跃。这是中华民族“站起来”的历史过程。

　　1949年后，中国共产党带领中国人民完成社会主义革命，确立社会主义基本制度。完成了中华民族有史以来最为广泛而深刻的社会变革，为当代中国一切发展进步奠定了根本政治前提和制度基础，为中国发展富强、中国人民生活富裕奠定了坚实基础，实现了中华民族由不断衰落到根本扭转命运、持续走向繁荣富强的伟大飞跃。

　　1978年，改革开放实行，极大激发广大人民群众的创造性，极大解放和发展社会生产力，极大增强社会发展活力。自此，人民生活显著改善，综合国力显著增强，国际地位显著提高。特别是党的十八大以来，中国共产党着眼于实现“两个一百年”奋斗目标和中华民族伟大复兴的历史使命，在一系列治国理政新理念新思想新战略的指导下，砥砺奋进，硕果累累。中国前所未有地接近中华民族伟大复兴目标、前所未有地走近世界舞台中心。中国实现了强起来的伟大飞跃。

　　而今，更多的就业机会，更稳定的收入，更完善的社会保障体系，更健全的社会法制体系，更美好的城市、乡村生活环境，让更多普通的中国人感受到了国家的文明进步，真切体会到了祖国从站起来、富起来到强起来这一历史变革。当今的中国有着前所未有的发展机遇，是“站到了新的历史起点上”。这不是凭空而来的论断，而是对中国的历史和现实最真实、最有力的概括。

　　3个飞跃源于党的领导

　　中华民族能够实现从站起来、富起来到强起来的历史性飞跃，根本原因在于中国共产党的领导。

　　在庆祝中国共产党成立95周年大会上的讲话中，最高领袖指出，“历史和人民选择中国共产党领导中华民族伟大复兴的事业是正确的，必须长期坚持、永不动摇；中国共产党领导中国人民开辟的中国特色社会主义道路是正确的，必须长期坚持、永不动摇；中国共产党和中国人民扎根中国大地、吸纳人类文明优秀成果、独立自主实现国家发展的战略是正确的，必须长期坚持、永不动摇。”

　　在历史的实践中，中国共产党带领中国人民跨过一道又一道沟坎，取得一个又一个胜利。而在勇于和善于推进理论创新、制度创新上，中国共产党更是把中国特色社会主义理论和实践进一步推向前进，开辟了21世纪马克思主义发展新境界，使党的理论和实践始终走在时代前列。

　　有论述指出，“历史性飞跃”其核心要义是：中国共产党在十八大以来推进我国社会发展实现历史性飞跃的同时，推进马克思主义中国化实现新的历史性飞跃。可以说，中华民族“站起来”“富起来”“强起来”的过程，得益于马克思主义中国化的不断推进，同时又促进马克思主义理论的进一步发展。社会主义在中国的活跃和兴旺、成功和胜利，是在中华民族从站起来、富起来到强起来的历史进程中实现的。

　　党的十八大以来，以最高领袖同志为核心的党中央在实践中形成的“五位一体”总体布局、“四个全面”战略布局、新发展理念以及一整套适应和引领经济发展新常态的经济政策框架，以其科学性、指导性、有效性有力推动中国新的发展实践。未来，中国特色社会主义也必定随着时代和实践发展而不断向前发展，必定随着党和人民不懈奋斗而进入新的发展阶段。

　　“强起来”体现在方方面面

　　3个“历史飞跃”把中国带到“强起来”的阶段，那么中国究竟强在何处？过去5年来的成绩，或许可以给出答案。

　　The Supreme Leader pointed out in his important speech on "July 26th" that the five years since the 18th National Congress of the Communist Party of China have been extraordinary in the development process of the Party and the country. We have strengthened the Party’s leadership in an all-round way, greatly enhancing the Party’s cohesion, combat effectiveness, leadership and appeal. We unswervingly implement the new development concept and vigorously promote China’s development in a higher quality, more efficient, fairer and more sustainable direction. We unswervingly deepen the reform in an all-round way and promote the reform to present a brand-new situation of all-round efforts, multi-point breakthroughs and in-depth advancement. We unswervingly and comprehensively promoted the rule of law, which significantly enhanced our party’s ability to lead and govern the country by legal means. We have strengthened the Party’s leadership over ideological work and consolidated the ideological unity of the whole Party and society. We unswervingly pushed forward the construction of ecological civilization and made important strides in promoting the construction of beautiful China. We unswervingly pushed forward the modernization of national defense and the army and made historic breakthroughs in national defense and army reform. We unswervingly pushed forward the diplomacy of a big country with China characteristics and created a peaceful international environment and a good surrounding environment for China’s development. We unswervingly push forward the comprehensive and strict administration of the party, focus on solving the outstanding problems that are most strongly reflected by the people and pose the greatest threat to the party’s ruling foundation, form an overwhelming situation in the anti-corruption struggle, update the atmosphere of political life within the party, strengthen the ideals and beliefs of the whole party, strengthen the party spirit, significantly improve the party’s ability of self-purification, self-improvement, self-innovation and self-improvement, and consolidate the party’s ruling foundation and mass foundation.为党和国家各项事业发展提供了坚强政治保证。

　　例如，党的建设日益加强。治国必先治党，治党务必从严。在过去的5年里，中国共产党把全面从严治党纳入“四个全面”战略布局，破藩篱、去顽疾、立规矩、建制度、正风气，“八项规定”“三严三实”“两学一做”深刻地影响了党内政治生态，“巡视全覆盖”成为党风廉政的监督利器，“老虎苍蝇一起打”的反腐决心令百姓拍手称快。全面从严治党赢得了民心，也令党的领导更加有力。

　　再比如，人民生活愈加富裕。全面建成小康社会是中国共产党向人民作出的庄严承诺。“脱贫攻坚已经到了啃硬骨头、攻坚拔寨的冲刺阶段”，为打赢这场硬仗，最高领袖指示说：“脱贫攻坚任务重的地区党委和政府要把脱贫攻坚作为‘十三五’期间头等大事和第一民生工程来抓，坚持以脱贫攻坚统揽经济社会发展全局。要层层签订脱贫攻坚责任书、立下军令状。”而到2020年中国现行标准下的农村贫困人口将全部脱贫，意味中国将提前10年实现联合国2030年可持续发展议程确定的减贫目标，也为全球减贫治理提供了“中国方案”。

　　The goal of strengthening the army has been gradually realized. Since November 2015, when the Central Military Commission’s reform work conference announced the full implementation of the strategy of strengthening the army through reform, a new round of landmark overall reform of China’s army has been launched in an all-round way. The operational command system, leadership management and supervision system and future development direction of the whole army have all been completely new. Optimize the scale structure, improve the policy system, and promote the in-depth development of integration of defense and civilian technologies. "After five years of hard work, the People’s Army has reshaped its political ecology, organizational form, power system and style image. The People’s Army has regrouped and started again, and has taken solid steps on the road to strengthening the army with China characteristics." The supreme leader said this.

　　In addition, more and more scientific and technological achievements at the forefront of the world, the ever-increasing socialist cultural construction, and the more complete talent construction system all reflect the overall prosperity of China. It can be said that China, who stood up, became rich and became strong, has proved the correctness of his chosen path with eloquent facts.

　　CCTV News:On May 30, the highly concerned HPV nine-valent vaccine (nine-valent cervical cancer vaccine) began to be injected in Boao, Hainan. On the first day of injection, about 1,000 people completed the vaccine appointment.

　　HPV vaccination should be treated rationally

　　A month ago (April 29th), National Medical Products Administration approved the marketing of nine-valent cervical cancer vaccine in the Mainland. Boao Lecheng International Medical Tourism Pioneer Zone enjoys nine supporting policies, such as drug import registration and approval, and it takes only one month to take the lead in completing all the approval of nine-valent cervical cancer vaccine for marketing injection, and injecting it for school-age women in need. According to the regulations,The vaccine in the Mainland is suitable for women aged 16 to 26.

　　It is understood that HPV nine-valent vaccine is the most comprehensive vaccine against HPV virus in the world, and it can prevent 90% of cervical cancer against nine subtypes. It can be injected in Hong Kong earlier, and a shot costs about HK$ 2,250.

　　Experts from National Medical Products Administration, Health and Health Commission and China CDC have recently answered questions related to vaccines.Experts said that HPV vaccination should be treated rationally.(For details, see: the vaccine that can prevent more than 90% of cervical cancer can be listed in China conditionally.)

　　Nine-valent HPV vaccine "conditionally approved for marketing"

　　Experts pointed out that at present, the nine-valent HPV vaccine that has been approved for import registration by priority review is conditionally approved for marketing. Shao Jie, reviewer of the Clinical Department of Biological Products of the National Drug Administration Center, said that conditional approval paid attention to the ethnic differences of clinical trial subjects.

　　Data from overseas clinical trials show that,There are more than 2,000 Asian people in the clinical trial of the nine-valent HPV vaccine.China, Hongkong, China, Taiwan Province, Japan, Korea, etc. The population of China, Hongkong and Taiwan Province, China, which were included in the clinical trial, were analyzed separately, and the results were consistent with those of the global population. This is the basis for the inclusion of imported nine-valent HPV vaccine in conditional approval.

　　Experts said that the overall principle of conditional approval is that the benefits outweigh the risks. After the enterprise is conditionally approved, it needs to improve the follow-up research work as required, and the regulatory agency will continue to follow up and supervise the vaccine throughout its life cycle.

　　The age range of vaccination adaptation is 16 ~26 years old.

　　The nine-valent HPV vaccine approved for marketing in ChinaThe age range of vaccination adaptation is 16 ~26 years old.. The reason why it is designated as this age group comes from three aspects:

　　1. At this age, the overseas clinical research data of the vaccine and its protective effect against persistent infection in East Asian population all suggest that the benefits outweigh the risks.

　　Second, the probability of sexual behavior among girls aged 9-15 in China is very low. However, the 9-to 15-year-old vaccinators only carried out the immune bridging test, and the clinical research data of the East Asian Chinese population in this test were limited.

　　Third, women over the age of 26 may have a history of virus exposure and infection. At present, there is no evidence to prove that this vaccine has a protective effect on the exposed population of this age group.

　　In addition, experts said that,The incidence of adverse reactions of nine-valent HPV vaccine will be higher than that of four-valent vaccine.

　　Wang Huaqing, chief expert of immunization program of China CDC, pointed out that vaccination is primary prevention and screening is secondary prevention, which are equally important at present.Cervical cancer screening measures should not be relaxed because of vaccination.

　　What are the differences between bivalent, tetravalent and ninth-order vaccines used to prevent cervical cancer? A picture makes it clear ↓

　　On Tuesday, local time, US stocks finally got rid of the light market trend for more than a week, but unfortunately it was not a big rise but a big drop. The three major indexes closed down across the board, with the Dow down more than 300 points and the Nasdaq down 2%.

　　On the one hand, the power of the earnings season began to show, and giants such as McDonald’s and UPS warned that the macroeconomic prospects were not good in the earnings report. On the other hand, the deposits of Daiwa Bank in the United States dropped by 40%, and UBS’s net profit in the first quarter halved, all of which highlighted that the banking crisis had not completely subsided and the market risk aversion was ignited.

　　On Monday, the First Total Bank disclosed that even though Wall Street giants had jointly deposited 30 billion dollars, they lost over 70 billion dollars in the first quarter of this year alone. At the end of the first quarter, the deposit figure was only $104.5 billion, far below the $136.6 billion expected by analysts.

　　The first total and the bank lost 49.38% of its market value on Tuesday. In the news, the media reported that the bank was going to sell "50 billion to 100 billion dollars" of long-term assets to solve the mismatch problem. It is reported that Biden administration officials have been keeping in touch with Daikyo Bank in recent days, and the White House is increasingly worried that there is not much time left for Daikyo Bank to appease investors and depositors, but American policy makers are not worried that risks may spread further among banks.

　　It is worth noting that due to various indications that there are still many risk factors in the market, traders no longer bet 100% that the Fed will continue to raise interest rates before the middle of this year. According to the observation tool of the Federal Reserve, the probability of raising interest rates by 25 basis points in May fell to 81.5%, compared with 90.5% the previous day.

　　However, for technology stocks, the financial reports of Microsoft and Google have slightly eased some market concerns. AI and cloud services helped Microsoft’s financial report exceed expectations, with revenue of $52.9 billion, higher than analysts’ expectations of $51.03 billion; Earnings per share were $2.45, higher than analysts’ expectations of $2.24. More importantly, a strong profit guidance was released, which rose by 8% after hours.

　　Google’s parent company Alphabet’s revenue in the first quarter was $69.79 billion, higher than analysts’ expectations of $68.99 billion. Earnings per share was $1.17, higher than analysts’ expectations of $1.09. At the same time, it was announced that the board of directors authorized an additional repurchase of up to $70 billion. Google rose more than 4% after hours.

　　In addition, OpenAI plans to launch a new product, ChatGPT Business, which is the enterprise version in the next few months. At the same time, the new function of ChatGPT allows all users to turn off chat records, which will not be used to train and improve the model of OpenAI.

　　In terms of important macro news, according to Xinhua News Agency, US President and Democrat Biden officially announced his re-election as US President on the 25th. Biden released a video on the same day to officially announce his decision to run for re-election as president of the United States, and pointed his finger at the so-called Republican extremist forces, saying that the United States is still in the struggle of "fighting for the soul of the country" and he needs more time to "complete this work."

　　This means that next year, the world may once again witness the "peak confrontation" between Trump and Biden.

　　[overnight U.S. stocks]

　　Among the large Chinese stocks, Alibaba fell by 4.58%, Baidu by 4.63%, Netease by 6.35%, Tencent Music by 4.96% and Pinduoduo by 3.25%.

　　Among the large US technology stocks, Apple fell 0.94%, Amazon fell 3.43%, Google A fell 2.00% and Netflix fell 1.97%.

　　[global index]

　　[global goods]

　　The main contract of WTI crude oil closed at $77.26 per barrel, down 1.90%; The main contract of Brent crude oil closed at $80.76 per barrel, down 2.38%; The main contract of crude oil in the previous period closed at 551.20 yuan per barrel overnight, down 2.58%.

　　Overnight, the Shanghai gold main contract closed up 1.06% to 447.58 yuan per gram; The main contract of Shanghai Bank closed down 0.16% to 5622.00 yuan per kilogram.

　　[overnight news]

　　Biden officially announced his re-election as president of the United States.

　　According to Xinhua News Agency, U.S. President and Democrat Joe Biden officially announced his re-election campaign on the 25th. Biden released a video on the same day to officially announce his decision to run for re-election as president of the United States, and pointed his finger at the so-called Republican extremist forces, saying that the United States is still in the struggle of "fighting for the soul of the country" and he needs more time to "complete this work."

　　Biden is 80 years old. In the 2020 US presidential election, he defeated Trump, the then US president and Republican, and became the US president in January 2021.

　　Banking crisis worries have re-suppressed the market’s interest rate hike pricing for the Fed.

　　The interest rate swap contract of the Federal Reserve in June currently reflects that the benchmark interest rate of the central bank is only 20 basis points higher than the current effective federal funds rate, which implies that the possibility of raising interest rates in one of the next two FOMC meetings is about 80%, while it was almost certain that the Fed would raise interest rates in May.

　　The debt ceiling deadlock is hard to solve. The White House says Biden will veto the Republican bundled spending reduction plan.

　　The Republican proposal put forward by House Speaker McCarthy requires that the debt ceiling of $1.5 trillion be raised and the future total government expenditure be reduced by $4.5 trillion. On Tuesday, the White House said that the debt ceiling must be solved without any conditions. Also on Tuesday, US Treasury Secretary Yellen warned lawmakers that if the debt ceiling is not resolved, the economic achievements made in the past two years will be threatened.

　　New Governor of Bank of Japan: Tightening monetary policy now may lead to serious consequences.

　　Industry insiders predict that Ueda and Kazuo may choose "a cautious start" for their first monetary policy meeting this Friday, but they do not rule out the possibility of changes in June.

　　Argentina’s inflation exceeded 100% for the first time in 30 years.

　　As the inflation rate exceeded 100% for the first time in 30 years, and the record drought dealt a heavy blow to agriculture-related industries, Argentina’s economic activity remained stagnant in February, with GDP increasing by 0% month-on-month and only 0.2% year-on-year. But high inflation does not seem to cool down in a short time. Argentina’s central bank predicts that the country’s inflation rate will reach 110% in 2023.

　　[company news]

　　Prosus, the major shareholder of Tencent, resold 789,600 shares of Tencent, and its shareholding ratio dropped to 25.99%.

　　Prosus, the largest shareholder of Tencent and the Dutch subsidiary of South African Naspers Group, announced in official website on April 25th local time that in order to continue to implement the repurchase plan, Prosus sold 789,600 ordinary shares of Tencent on April 25th, 2023, and its shareholding ratio dropped to 25.99%. In addition, as part of the repurchase plan, during the period from April 17, 2023 to April 21, 2023, Prosus repurchased 2,651,096 shares of Prosus at an average price of 698,795 euros per share, with a total consideration of about 185 million euros.

　　Resist the impact of Microsoft AI, Google search returns to growth in the first quarter, and the cloud business turns losses into profits.

　　In the first quarter, Alphabet’s revenue and profit were better than expected. The year-on-year growth rate of revenue exceeded expectations and accelerated to 3%. EPS profit decreased by 4.9%, less than half of market expectations. Google’s advertising revenue fell by 0.2%, which was much lower than expected, and its search revenue changed from 3.6% in the fourth quarter to nearly 2%. YouTube advertising revenue fell less than expected; Google Cloud changed from an operating loss of more than $700 million a year ago to a profit of 190 million; The expenses related to layoffs and office space reduction in the first quarter were $2.6 billion. Alphabet announced that it plans to buy back up to $70 billion in shares.

　　AI and cloud services help Microsoft’s financial report exceed expectations.

　　After the close of trading on Tuesday, Microsoft announced its financial data for the third quarter. Among them, the revenue was 52.9 billion US dollars, which was higher than the analyst’s expectation of 51.03 billion US dollars; Earnings per share were $2.45, higher than analysts’ expectations of $2.24. In terms of main business, revenue from productivity and business services reached $17.5 billion, up 11% year-on-year; Intelligent cloud’s revenue was US$ 22.1 billion, up 16% year-on-year; Personal computer business revenue was $13.3 billion, a year-on-year decrease of 9%. After the financial report was released, Microsoft’s share price rose more than 8% after hours.

　　Microsoft CEO Nadella said in a statement that the company’s performance indicates the beginning of a "new era of computing", and the world’s most advanced artificial intelligence model is being combined with the world’s most common user interface-natural language.

　　OpenAI will launch a new paid product, ChatGPT Enterprise Edition, and add a new function to "appease" supervision.

　　OpenAI plans to launch a new product ChatGPTBusiness in the next few months, and introduce a new subscription group for ChatGPT to meet the needs of corporate customers. In addition, the new function of ChatGPT allows all users to close the chat record, which will not be used to train and improve the model of OpenAI; ChatGPT data can also be exported to users’ mailboxes.

　　UBS’s quarterly results were bleak, but after the $3.2 billion acquisition, it successfully "retained" $28 billion of Credit Suisse’s client funds.

　　UBS released a quarterly report that after the announcement of the acquisition of Credit Suisse, the wealth management department of UBS obtained a net increase of 28 billion US dollars, of which 7 billion US dollars flowed in in the last ten days of March alone. However, on the whole, UBS’s first-quarter report card is still disappointing: its total revenue decreased by 7% year-on-year to $8.74 billion, its net interest income decreased by 22% year-on-year to $1.39 billion, and its net profit decreased by 52% year-on-year to $1.03 billion, setting a record for the lowest quarterly profit in three years. All three results were lower than market expectations. UBS said that the acquisition of Credit Suisse in the second quarter will actively reduce the risk and resource consumption of Credit Suisse’s investment banking business.

　　After the "escape" of deposits, the first total and the bank brewed self-help and considered selling assets of up to 100 billion US dollars.

　　According to the media, First Total Bank may give warrants or preferred shares to potential buyers, including big American banks, to encourage them to buy assets of the bank above the market value; The bank tried to strengthen its balance sheet, avoid being taken over by the regulator FDIC, and clear the way for possible financing in the future.

　　Apple is developing AI-driven health guidance services and emotional tracking functions.

　　According to informed sources, Apple is developing an AI-driven health guidance service, which will be available as soon as next year. For this year’s WWDC, Apple will release the user emotion tracking function and the first health monitoring application for iPad devices.

　　[financial calendar]

　　On October 27th, 2016, the inaugural meeting of Electrical Technology Branch of China Automotive Engineering Society was held in Shanghai Automobile Exhibition Center. The conference was presided over by Ning Xiaoyang, senior consultant of China Auto Parts Industry Company and chairman of China Auto Parts Electronic and Electrical Development Center. More than 100 experts and scholars from more than 50 auto and electrical industries and related industries, including Yan Jianlai, deputy secretary general of China Automotive Engineering Society, Chen Kangren, executive director of China Auto Parts Industry Company, Zhang Hongye, general manager, Yin Xiaoping, deputy general manager and Min Xinhe, deputy general manager, attended the conference.

　　The meeting announced the approval of the establishment of the Electrical Technology Branch of the China Automotive Engineering Society, and announced the list of branch organizations as follows:

　　Chairman: Min Xinhe

　　Vice-chairmen (in no particular order): Wang Laisheng, Tang Manru, Wang Xin, Wang Shunxing, Xiao Yang, Jiang Mingquan, Fang Xingya and Qin Hong.

　　Secretary General: Zhang Guofeng　　　　　　　

　　Deputy Secretaries-General (in no particular order): Li Yinglie, An Yan and Jason.

　　Members (in no particular order): Wang Yinghui, Yu Xiangyang, Wang Yadong, Liu Weihua, Meng Xianglin, Li Putian, Tian Wangxing, Mao Ming, Zhang Huixiu, Wang Guodong, Ni Junquan, Zhang Xianjun, An Dongxia, Li Deguo, Qian Jiandong and Wang Zhijian.

　　At the meeting, Yan Jianlai, deputy secretary-general of China Automotive Engineering Society, pointed out that the Electrical Technology Branch should adhere to the concept of serving its members and the industry, formulate the Work Regulations of the Electrical Technology Branch of China Automotive Engineering Society as soon as possible, and strictly supervise funds and organize activities.

　　Zhang Hongye, general manager of China Auto Parts Industry Company, said that the establishment of the Electrical Technology Branch of China Automotive Engineering Society will further establish the communication mechanism between the industry and the government, industry and industry, and industry and society. At the same time, it will give full play to the advantages of the platform of the Society and play a role as a bridge and link in carrying out academic exchanges, standards and norms, the combination of Industry-University-Research’s use, the establishment of technological innovation system, and the promotion of new technologies, so as to better promote the better and faster development of enterprises in China’s automotive and electrical industries.

　　Min Xinhe, chairman of the Electrical Technology Branch of China Automotive Engineering Society, said that the Electrical Technology Branch of China Automotive Engineering Society is a non-profit social group that promotes the development of automotive electrical disciplines, creates an atmosphere of independent innovation, builds a platform, recommends talents, and unites and condenses scientific and technological workers in the automotive electrical industry through academic exchanges, academic evaluations and academic standardization activities; It is an organization that works under the leadership of China Automotive Engineering Society and the guidance of relevant government departments; It is the bridge and link between the party and the government to contact the scientific and technological personnel in the automotive electrical industry; Is an assistant to the government’s industry management.

　　According to Min Xinhe, chairman of the Electrical Technology Branch of the China Automotive Engineering Society, "after the establishment of the branch, we will actively strive to do the following:

　　(1) Consciously accept the leadership and management of China Automotive Engineering Society, and strengthen the communication between the government and the industry. In accordance with the purpose of the branch, actively develop members, expand their professional fields and professional fields, promote exchanges and cooperation among automobile and electrical enterprises, enhance members’ sense of social responsibility, and continuously enhance the industrial influence of the electrical technology branch.

　　(2) Serve the members wholeheartedly, serve the industry, promptly publicize the policies and regulations of the Party and the government on industrial development, provide legal advice and various scientific and technological information services, actively reflect the reasonable opinions, demands and suggestions of members to the government and relevant departments, earnestly safeguard the legitimate rights and interests of members, and make the branch truly become a warm home for members.

　　(3) Build a technical service platform, provide services and information on R&D design, testing and certification, information dissemination, training and exchange, exhibitions and other aspects for members, establish an industry expert database, assist enterprises to overcome difficulties, organize members to carry out various academic exchange activities, and jointly promote the electrical industry to become bigger and stronger;

　　(four) to strengthen cooperation and coordinated development with various technical organizations in the electrical industry, complement each other’s advantages, enhance unity and cooperation among members, promote friendly exchanges of foreign technical cooperation, and bring value to members and enterprises. "

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Original Liu yaning titanium media

Ti du tu Wen yi Bai si phase 2

▎ Spring Festival pet foster care "a nest is hard to find".

Editor | Liu Yaning Sun Cheng

Drawing | Chu Yan Mo

Planning and Production | Titanium Media Visual Center

During the Spring Festival, for pet owners who have travel plans, "staying behind" pets has become a big problem.

During the Spring Festival, the orders of pet foster care institutions around the country increased greatly, and there was a situation that "one cage is hard to find", and the price also rose. Some foster care institutions launched SVIP rooms as high as 1299 yuan/day, and the price was comparable to that of five-star hotels. In addition to pet foster care, "door-to-door feeding" is also a more cost-effective choice for pet owners. During the Spring Festival, the lowest price for door-to-door feeding of pet cats in Beijing is in 100 yuan/time, which is about 25 yuan’s holiday fare increase compared with the usual door-to-door feeding price.

For businesses, it is natural not to miss this good opportunity to make money. Pet foster care service is becoming a hot business. Before this year’s Spring Festival, Box Horse launched services such as on-site pet feeding and dog walking in Shanghai during the Spring Festival. The original price was 128 yuan, and the snapping price was 98 yuan.

In order to make pets have a good Spring Festival, pet owners and businesses have exhausted their minds. How is the pet foster care business during the Spring Festival? Which companies have laid out pet foster care business? This issue of titanium media and titanium map brings you attention.

The price of pet foster care per night is equal to that of five-star hotels.

Home feeding is more cost-effective

During the Spring Festival, many pet shops received a large number of foster care orders. The demand for pet foster care in Shanghai pet foster care shop this Spring Festival has increased by about 30% compared with last year. In October 2023, customers in Beijing pet foster care shop began to book rooms during the Spring Festival, and in December 2023, pet foster care rooms were fully booked. The owner of pet foster care in Guangzhou said that he would receive more than a thousand foster care orders during the Spring Festival. It is found that in some pet shops in Beijing, the Spring Festival foster care service should be reserved 15 -60 days in advance, which can be described as "a nest is hard to find".

The strong demand has also pushed up the price of pet foster care. Some pet owners said that the cost of pet foster care for 8 days during the Spring Festival has even been equal to the rent of apartment rooms in Beijing. The data of several pet foster care shops in Beijing were selected, and it was found that most pet shops have introduced rooms with different stalls, and basically every foster pet shop is equipped with a camera for pet owners to check the situation in real time. In addition, cleaning and disinfection are also standard in pet shops. In some rooms with higher fees, its supporting services will also increase services such as massage, accompanying play, free shuttle and bathing in the sun.

In some pet shops for cats, the price of some ordinary rooms is 100-200 yuan/day, and the daily price of luxury rooms is as high as 500 yuan. The difference between "deluxe room" and "ordinary room" lies in the size of the room, the number of cats accommodated and the supporting services. The price of "Sunshine Suite" in a pet shop in Sanlitun, Beijing is 899 yuan/day, and the daily price of "SVIP Room" in a pet shop in Baiziwan, Beijing is 1000 yuan/day, and the daily foster care price exceeds that of five-star hotels.

In addition, the price of foster dogs is higher than that of cats. In the pet shop in Sanlitun, Beijing, the price of the same type of room type foster dog is 100-300 yuan/day more expensive than that of the cat. If the foster care is calculated as 8 days during the Spring Festival, at least 800 yuan is needed, which is equivalent to the cat’s living expenses for nearly two months. If you want pets to receive better services, the total cost of foster care can reach 10392 yuan.

It is worth noting that in addition to foster cats and dogs, some pet shops offer foster rabbits and birds, and the daily price is below 100 yuan.

In addition to pet foster care, door-to-door feeding of pets is gradually becoming popular. Before the Spring Festival, there will be advertisements for door-to-door feeding services on social platforms, community corridors, elevators and other places. Most of these people who provide feeding services are private, and such people will label themselves as professionals such as "senior pet owners and pet store clerks". Door-to-door feeding services include food cleaning, adding food and water, shoveling excrement and adding sand, interactive play, health monitoring and so on. The charging standard varies according to the distance, the number of pets and holidays.

According to the titanium media and titanium map, the service price of door-to-door cat feeding in Beijing includes five aspects: cat feeding service fee, basic door-to-door fee, fare increase per kilometer, fare increase for multiple cats and fare increase on holidays. Among them, the prices of more than half of the "pet caregivers" are between 31 yuan and 40 yuan, and the average prices are 35.9 yuan/time and 37.7 yuan/time respectively; The average price of fare increase for "pet tutors" whose door-to-door distance exceeds 1km is 6.6 yuan/time, and the average price of fare increase for feeding one more cat is 7.4 yuan/time.

On holidays, almost all "pet caregivers" will increase their prices, with the range of 11-30 yuan/time accounting for over 70%, and the average price is 25.7 yuan. According to the lowest price during the Spring Festival, the daily price of feeding a cat at home is 99.3 yuan/day. Door-to-door feeding service can be selected once every 2-3 days, and the total cost during the Spring Festival is about 200-300 yuan, which is more cost-effective and cost-effective than pet foster care shops that have to pay every day.

Pet foster care business continues to heat up

There are more than 30,000 related enterprises registered in China.

The data shows that in 2023, the number of pet dogs in China was 51.75 million, an increase of 1.1% over 2022; The number of pet cats is 69.8 million, an increase of 6.8% compared with 2022; The consumption market of urban pets (dogs and cats) is 279.3 billion yuan, an increase of 3.2% compared with 2022. In the pet consumption market of more than 200 billion yuan, more and more pet supporting services are applied. The pet business is said to be a gold-sucking business for enterprises, and more and more brands are eyeing the pet service.

Before the Spring Festival this year, Box Horse APP launched the Spring Festival pet door-to-door feeding and dog walking service in Shanghai. Professional pet companions have more than one year’s experience in raising pets independently, and broadcast live video of the whole process to the owner.

It is reported that the service can only be used during the Spring Festival, and the date can be from the 27th of the twelfth lunar month to the 7th day of the first lunar month. The main contents of the service are changing water and feeding food at home, walking the dog and playing with you. This service was completed by the cooperation of Box Horse and unigo, a pet service brand. The company was established in June 2022, and mainly engaged in pet bathing, pet grooming, dog walking and door-to-door feeding services.

At present, there are more than 30,000 enterprises in China whose enterprise names, business scope or products and services include "pet foster care", and most of these enterprises were established between 2016 and 2020. Among them, in 2016, the registered growth rate of "pet foster care" related enterprises was the fastest, reaching 96.8%; In 2019, the number of registered enterprises related to "pet foster care" was the largest, reaching 7880. In terms of geographical distribution, Shanghai has the largest number of "pet foster care" related enterprises, reaching 3898; In addition, the number of "pet foster care" related enterprises in Guangdong Province and Jiangsu Province also exceeds 2,000.

Whether foster care or door-to-door feeding, there are certain security risks. In pet foster care, it is difficult to guarantee the sanitation of foster care environment, and pet shop staff are not well cared for. In the aspect of door-to-door feeding, it is not uncommon that the property of the pet owner is lost and the door-to-door feeding personnel are bitten by pets during feeding. At present, the pet foster care industry is still in an "extensive" state, and there is no unified service standard for pet foster care in the industry. In the future, the pet industry still needs to be further standardized to reduce security risks, so that this service can develop more sustainably.

* Data sources: Tianyancha, Maoxiang applet, public comments, Billion Power and other public information.

June 26th is the 20th anniversary of the publication of Harry Potter and the Sorcerer’s Stone, Rowling’s first Harry Potter series novel. This series of magical stories has undoubtedly influenced readers. Over the past 20 years, it has sold 500 million copies all over the world and has been translated into more than 70 languages. It has been 10 years since the publication of the last novel in this series, Harry Potter and the Deathly Hallows, but in the hearts of fans, Harry Potter is far from out of date.

On June 26th, news about the 20th anniversary of Harry Potter’s birth was screened in major foreign media, and people are still paying attention to this boy who survived. The Guardian published an article reviewing 20 interesting stories about Harry Potter in the past 20 years. Let’s take a look at what you don’t know about this most familiar novel.

On June 26th, in London, England, Harry Potter fans participated in activities related to the 20th anniversary of the publication of Harry Potter and the Sorcerer’s Stone. The picture in this article is vision china

1. Some initial versions appreciate very quickly!

In 1997, when Harry Potter and the Sorcerer’s Stone was first printed, there were only 500 hardcover editions, of which 300 went to the library. If you find one of them, it’s worth a lot of money-you can expect to exchange it for at least 30,000 pounds. An interesting detail is that this hardcover edition has been lying on the bookshelf of the Daily Telegraph for many years, but at the beginning of the 21st century, it mysteriously disappeared. If you are the little bastard who stole the book, please contact Ms. Kate Summersacale, the original literary editor of the newspaper.

2. Even a wise man worries a lot, sometimes he loses.

In "Harry Potter and the Goblet of Fire", when Harry Potter finally fights Voldemort, he uses a flashback spell, which can make the magic wand reappear one by one, and the phantoms of people who died under Voldemort’s magic wand appear from the magic wand one by one. Harry’s father James appeared before his mother Lily. However, according to the previous stories of "Harry Potter" series, James died in the process of protecting Harry and Lily from escaping, which should be later than Lily. Fans speculated that Rowling had laid a foreshadowing for a great book here, but Rowling finally admitted that it was a clerical error and corrected the plot in later versions.

3. hindsight is precious.

On June 26, 1997, when Harry Potter and the Philosopher’s Stone was released, it was almost completely ignored. On that day, people obviously elected Bertie Ahern to the Republic of Ireland (remember him? ) more interested in the news of the new prime minister. They are still quarrelling about the new British Prime Minister Tony Blair, and they are curious about the love life of Princess Diana. The rest are crazy about Spice Girls. By the way, the best-selling novel of that year belonged to John Grisham.

4. Children’s books can also be political.

One of Rowling’s smartest decisions is to let her characters and readers grow together at the same speed. Each book is set in a school year, and then gradually becomes long, dark and adult in theme. In the fourth book "Harry Potter and the Goblet of Fire", Hermione established the House-elf Promotion Association to fight for the rights and interests of these elves who were treated as natural slaves. Rowling also made rita skeeter, a journalist who likes to reverse black and white, appear in this book. Moreover, anyone can see that the extermination of the half-blood "mudblood" by pure-blood wizards in this book alludes to the Nazi genocide policy.

As soon as scholars think, we laugh.

The academic research of Harry Potter has become a hot topic. Take a quick look at the title of these papers: "On the Gryphon with Winged Beast as the Best Case of Intertextuality in Harry Potter"; "Harry Potter and the Chamber of Secrets: A Psychoanalytic Perspective"; "From the Holocaust to 9.11: The struggle between the contemporary world and evil forces from the perspective of Harry Potter."

6. Some people are as stupid as stumps.

In some parts of the United States, Christian fundamentalists burned a large number of Rowling’s Harry Potter books because they thought they were encouraging children to engage in witchcraft. "Behind those innocent faces is the power of Satan." Reverend Jack Brock from the community of christ Church in Alamogordo, N.M., said in 2001, "Harry Potter is the devil, and he is destroying people."

7. Long before Starbucks, small cafes were a good place to write novels.

As we all know, when writing the first Harry Potter, Rowling was still a single mother, and she finished this masterpiece with cups of coffee in Nicholson Cafe and Elephant Cafe in Edinburgh. Twenty years later, the former has become a Chinese restaurant, and the latter is crowded with tourists every day. You probably have to work hard to finish a book there.

The wall of the elephant cafe is full of messages from Harry Potter fans.

9. You can sell children’s books to adults

Harry Potter is a big hit. In order to let adults participate in and enjoy his adventure, but avoid being seen reading children’s books in public, booksellers began to think of ways. In 1998, Bloomsbury publishing plc released the first wave of so-called "adult version"-in fact, nothing was added to the content, only a more serious-looking cover was added.

10. Books can be so mysterious that even translators can’t get them.

At the craziest time-roughly speaking, it started with Harry Potter and the Goblet of Fire-the release of new books in the middle of the night was closely guarded, and even translators could not get their copies before the original English version was put into the bookstore. This kind of feeling may be very painful. For example, although the French translators work as a team and keep translating, they still keep seeing that the sales of the English version are hitting new highs again and again.

Some people will never like it.

Byatt was commissioned by The New York Times to write a book review on the Harry Potter series. "The world in Harry Potter created by Rowling is a’ second-hand world’, and she pieced together this story by looking for inspiration from various children’s books." After reading the novel, she was puzzled. "This novel is written for those whose imagination is limited to TV cartoons." She wrote these words with a very rigorous attitude, but it made her a cancer to deliberately slander the novel in the eyes of loyal fans.

12. There are more than one way to make money from copyright.

Relying on the wildest imaginations, Rowling and her publishers saw the great possibility of online fans creating novels, which allowed the fanatical Harry Potter fans to participate in the story and at the same time continued this fanaticism. She gave an "official blessing", of course, including two warnings: don’t use it to publish and sell money; Don’t involve obscene content.

13. Publishing houses are more powerful than supermarkets

In the chaos on the release day of Harry Potter and the Deathly Hallows, Asda, a supermarket retail giant, accused bloomsbury publishing plc of "blatant profiteering" and "trying to kidnap children" by pricing the book at 17.99 euros. Bloomsbury publishing plc threatened to sue for libel-but, crucially, to cancel 500,000 hardcover books given to Asda. "If they want their 500,000 books back, they will come to negotiate with us peacefully," bloomsbury publishing plc said. "This may be good news for all disappointed customers in Asda, because they don’t need to go to a soulless Asda bookshelf to buy their books. "It took Asda less than a day to get the book back for their soulless bookshelf with a humble response.

14. Anything related to Harry Potter can be sold.

Once, a company sold "Harry Potter condoms" and caused some lawsuits, but it was only an accident after all. Perhaps the most popular product around Hogwarts was the vibrating plastic broom-"I am 32 years old, but I like riding this broom as much as my 12-year-old and 7-year-old children", said a typical reader’s message on Amazon.

15. Writers can also taste violence.

Those who don’t understand novels may think that the authors are sentimental. But the reality is not that simple. According to the statistics of Harry Potter fans, "158 famous novel characters with surnames have died so far". In the last few books, the main characters left one by one-I can’t spoil them, but most of them are gone anyway.

16. Books sell like hot cakes, but book retailers don’t make any money.

Supermarkets may be the biggest losers. They even have a clearance sale at a price below the cost. Independent bookstores are even cheaper to buy from Tesco than publishers. Think about it, what will it be like if the online book agreement is still in force?

Author Rowling’s hand drawing in Harry Potter and the Sorcerer’s Stone.

17. Boarding schools can also be fun!

After decades of declining students, boarding schools suddenly ushered in a wave of application frenzy in the late 1990s, which was attributed by the class teachers to the "Harry Potter effect". Some even plan to build more dormitories to meet the demand. As an opponent of boarding schools, critic Alex Renton gritted his teeth and calmly pointed out: Like most writers of boarding schools, Rowling went to day schools.

Harry Potter fans left their own fingerprints next to Rowling’s.

18. Good writers have several brushes.

Rowling’s first novel, Casual Vacancy, was written for adults, focusing on class, politics and beliefs, and discussing drug abuse and rape. It also wrote a sex scene, which almost won the "worst sex scene description award" in Literary Review magazine, but it was ultimately unsuccessful. The judges thought that although it was bad, it did not meet the standards required by the award.

19. You can’t remain anonymous

Like Stephen King, Rowling also wants to try the best-selling novelist writing under a pseudonym. The first attempt was "Comoran Detective Series", followed by "The Call of the Cuckoo" in 2013, all of which appeared on the bookshelves under the author’s name "Robert Galbraith" (the so-called "plainclothes detective of the former Royal Military Police"), and they all sold well. It took the Sunday Times three months to find out that Rowling was the author.

20. there will always be more

Although Rowling ended the Harry Potter series, she didn’t leave all these characters behind. In the "Harry Potter and the Cursed Child" stage play and the 18,000-word extra content on the "More Potter" website, Rowling has derived a series of stories based on the original content. For publishers, a postcard written by Rowling in 2008 is undoubtedly their "holy grail", with an 800-word writing outline on it. At a charity auction, this postcard sold for 25,000 pounds, but no one knows where it has gone now, because it was stolen quietly earlier this year.