Fukang, Xinjiang provides a variety of services to care for the elderly left behind in rural areas-life is guaranteed and the mood is happy (fill in the shortcomings of rural social welfare)

People’s Daily (13th edition, April 7, 2022)

  Contracted doctors visit regularly, all kinds of services are meticulous and thoughtful, and cultural activities are colorful … … In fukang city, Xinjiang, Guo Qingfeng, a left-behind old man in rural areas, has not only guaranteed his daily life, but also enriched his spiritual life, thus realizing his sense of security, worthiness and happiness.

  "We are both good. Don’t worry about your work and come back for dinner at the weekend. Ok, I have something to do, hang up! " Hanging up the phone call from his son, Guo Qingfeng picked up his coat. "Today, the garbage truck came to the village to clear the garbage. I’ll show the driver the way."

  The 78-year-old Guo Qingfeng and his wife have lived in Liuyun Central Village, Jiuyunjie Town, fukang city, Changji Hui Autonomous Prefecture, Xinjiang for decades. All four children have worked in the city and become "empty nesters". "Now the policy is good and the life is good. Although I am old, my health is very good, and there are many things to be busy every day." Guo Qingfeng is very satisfied with his later life.

  The old couple’s annual income is more than 40 thousand yuan — —

  Life is very happy, don’t worry about supporting the elderly.

  "I like to add a new house for the New Year, and people are prosperous and prosperous." The Spring Festival couplets on both sides of Guo Qingfeng’s door are still there. Last year, he moved into a new house. His wife Qi Yuping kept the house neat, and the flowers on the windowsill were already blooming, and the spring was strong.

  Someone pushed the door and came in. It was Wang Quan, a doctor in the village clinic, and also Guo Qingfeng’s contracted family doctor. "Guo Shu, let me take your blood pressure for you and your aunt. How do you feel recently?"

  "All right, the results of the last physical examination are all right, but your aunt has a little backache." Guo Qingfeng rolled up his sleeves and took Wang Quan’s blood pressure as he answered.

  "Auntie, you should pay attention to this lumbar disc herniation. Don’t lift heavy objects. If it is serious, you should call me in time and discuss other treatment plans." The kingship put away the equipment he carried with him.

  "The policy of signing a doctor is good. It is said that it comes to the door once a quarter, but it comes almost every month. I usually call when I have problems." Guo Qingfeng said that the home is not far from the clinic, and physical therapy, needle injection, infusion and medicine can be solved at home. Some time ago, my wife caught a cold, and the medicine was bought in the village clinic, unlike going to the township health center before.

  Although I am in good health, after all, I can’t do farm work when I am old. Where does the income come from? Guo Qingfeng told reporters that 18 acres of land in the family have been transferred through the collective bidding of the village Committee, and the annual transfer fee is more than 14,000 yuan. The old couple can also receive the residents’ old-age insurance every month. As an old party member, Guo Qingfeng can also receive the "three old people" subsidy, and with the filial piety of his children, the old couple earn more than 40,000 yuan a year.

  "We all bought rural medical insurance, which can be reimbursed according to the proportion of medical treatment. Every year, the government pays for our free medical examination. Apart from all kinds of expenses, there is still a lot of surplus every year, so there is no need to worry about the problem of old-age care. No, it cost more than 200,000 yuan to build a new house. " Guo Qingfeng said that the village was provided with central heating last year, and we don’t have to build our own coal stoves in winter after moving into a new house. "This is really convenient for us. When natural gas is connected next year, our life will be no different from that of city people."

  Not far from the town, there is also a "Happy Courtyard", which only needs to be paid to 450 yuan every month, with full accommodation and someone to take care of it. Liu Hui, deputy director of fukang city Civil Affairs Bureau, said that there are three "Happy Courtyards" in the city, covering six townships, which are operated with funds allocated by the civil affairs department. However, in view of the fact that it will take time to change the concept of providing for the elderly, the third-party operation mode is being explored at present, and the home-based care mode should be vigorously developed in the future. "For example, if you need a haircut, someone will come to the door directly, and you will also carry out leasing business such as nursing beds and wheelchairs." Liu Hui said that in rural areas where the elderly live in concentrated communities, mutual happiness homes will be gradually opened and day care will be carried out.

  One account has been kept for 39 years — —

  Keep working hard and be more energetic.

  In the spring, Qi Yuping wanted to order food in the garden at the door. Guo Qingfeng bought seeds, opened a blue notebook and wrote "March 20th, bought white rapeseed, radish seeds, oil white rapeseed, 3 packs, 15 yuan". Speaking of this blue notebook, there is a lot to it. On the cover, it says "The Bookkeeping Manual for Tracking and Investigating Households at Fixed Observation Points in Rural Areas", which is the thirty-ninth one used by Guo Qingfeng.

  At the beginning of 1983, Guo Qingfeng’s family was identified as a "fixed observer in rural areas", and it was necessary to record every income and expenditure of the family and report it on time to provide reference for the "three rural" policy.

  From "Xiao Xia bought a popsicle for 5 cents" to "bought a tractor for 3,900 yuan", from the upside down of income and expenditure of more than 1,000 yuan to the net income of more than 40,000 yuan, Guo Qingfeng kept records conscientiously for 39 years, and was awarded as an excellent observer year after year because of his meticulous and clear accounts. "Although bookkeeping is only a trivial family matter, it can provide a basis for the government to formulate policies, so I have carefully recorded it for more than 30 years, and I can continue to play the residual heat when I am old. The government gave me a bonus every year, and last year, I sent a 500 yuan, which was recorded in my account book. " Looking at this account book and expenditure now, it not only records the changes of Guo Qingfeng’s personal life, but also records the development of the country, the changes of the times and the happiness of the people.

  Exemption from agricultural taxes, direct grain subsidies, subsidies for returning farmland to forests, new agricultural cooperative medical care, and "two exemptions and one subsidy" for education can all be clearly seen from Guo Qingfeng’s account.

  In the bookkeeping book, since 2001, Guo Qingfeng’s family income has been in surplus. He began to collect old things, ranging from food stamps, cloth tickets and kerosene lamps to stone mills, spinning wheels and farm tools. These are the years he has experienced. Last year, Guo Qingfeng donated more than 900 old objects collected over the years, including 38 bookkeeping books that have been reported, and built the "Time Memory Museum" for people to visit. He also took the initiative to be a preacher, explaining the development of farming culture behind the old things to the young people and students who came. Every time someone comes to visit, Guo Qingfeng has to prepare one day in advance and wipe the exhibits clean.

  "People can’t be old when they are old, and they must continue to make contributions when they are old, so that they can be energetic!" Guo Qingfeng was busy, leading the villagers to plant more than 20 thousand trees voluntarily, and the green coverage rate in the village reached 70%. No, recently, Guo Qingfeng started planting trees again. "Although I am old, I can dig four tree pits in one morning!"

  Abula Miyazi, secretary of the general branch of the village party, mentioned that Guo Qingfeng was full of praise: more than 100 acres of long-grain fruit and mulberry in the village ecological park were ripe, and Guo Qingfeng learned young people to pick up their mobile phones and try to start a live broadcast to attract tourists to spend in the village. "Lao Guo, I just can’t help myself!" Abra said.

  The hobby has been maintained for a lifetime — —

  There are many interesting activities in cultural activity stations.

  "Lao Guo, want to play two sets?" In the evening, old buddies Liu Genchou and Liu Guomin came to the door and put them on the chessboard with Guo Qingfeng. "Lao Guo is an able person, and we all love to play with him." Liu Guomin said.

  This is true. In the cultural activity station opened in the village, table tennis room, chess room and farmer’s bookstore, Guo Qingfeng is a frequent visitor. "I only have a primary school education level, but I studied very well at that time and knew a lot of words. Writing brush calligraphy is a habit developed when I was at school, and I still practice it every day. "

  There is a calligraphy work on the TV wall of Guo Qingfeng’s new home — — "Get up early in the morning, sweep the courtyard, cherish the morning light, study hard, drink and eat with restraint." "Look, there are other words in this house, all written by me." Guo Qingfeng proudly introduced. Even carpentry is his specialty, and he made a lot of furniture at home himself. What makes him most satisfied is the shelf between the living room and the dining room. "This is my design, which is both a shelf and a screen."

  In the newly built house, he specially arranged a study for himself. The most conspicuous thing on the desk is my own penholder with brushes of different sizes hanging on it. I write when I am free. "In the first two years, I wrote Spring Festival couplets for everyone every Spring Festival. Last Spring Festival, the village invited members of the State Calligraphers Association to write for everyone, and we can still communicate together."

  In the village, there are many places for the elderly to entertain. The Sixth National Games Central Village consists of three natural villages, each of which has a cultural activity station and a stage for the people. Everyone can find their own interesting projects at the cultural activity station. "I used to go dancing when my back didn’t hurt, and everyone was happy together." Qi Yuping said that every festival, everyone’s self-written and self-performed programs take turns to be staged on the people’s stage. "In a few days, there will be people everywhere on the basketball court in the evening, dancing and chatting, which is very lively."

  "The village often carries out various activities to organize the elderly to play and have fun together, to solve their loneliness, and their mental state is good and their health can be better." Abra said.

Xiamen Hongqi EH7 price reduction is coming! The reserve price is 199,800, and the car is sufficient

Welcome to the Autohome Xiamen promotion channel to bring you the freshest car market trends. At present, high-profile models are attracting consumers’ attention with an unprecedented promotion in Xiamen. According to our understanding, this luxury car is offering buyers a very attractive car purchase plan with a cash discount of up to 30,000 yuan. The minimum starting price has been reduced to 199,800 yuan, which undoubtedly saves consumers a considerable amount of money. If you want to seize this rare car purchase opportunity, be sure to click "Check Car Price" in the quotation form to get the latest promotion information and strive for higher discounts, so that your car purchase dream is within reach.

厦门红旗EH7降价来袭!底价19.98万,现车充足

厦门红旗EH7降价来袭!底价19.98万,现车充足

As a refined and atmospheric luxury sedan, the Hongqi EH7 exhibits elegant side lines and streamlined design. In terms of body size, it has a length of 4980mm, a width of 1915mm and a height of 1490mm, reflecting the perfect combination of power and refinement. The wheelbase reaches 3000mm, ensuring a sense of spacious space in the car. The front and rear wheelbases are 1645mm and 1655mm respectively, ensuring the stability of the vehicle. The tire specification is uniform at 245/50 R18, and with the exquisite wheel rim design, it not only enhances the driving performance, but also adds the stylish atmosphere of the vehicle.

厦门红旗EH7降价来袭!底价19.98万,现车充足

The interior design of Hongqi EH7 fully reflects its perfect fusion of luxury and technology. The spacious interior space uses high-grade imitation leather and leather/fur material mixed and matched seats to provide ultimate ride comfort. The driver’s seat is equipped with 4-way waist support and power seat memory function to ensure the driver’s comfort during long-distance driving. The 15.5-inch large-size central control screen integrates multimedia, navigation and phone functions, and supports automatic speech recognition, which is convenient and fast. The steering wheel is made of leather material with good texture, with manual up and down + front and rear adjustment functions, which has an excellent grip. In terms of configuration, there are 2 USB and Type-C interfaces in each front and rear row, which support wireless charging of mobile phones to meet the daily needs of passengers. In addition, the front seats are also specially equipped with heating, ventilation, and headrest speakers, providing passengers with a comprehensive and convenient experience.

厦门红旗EH7降价来袭!底价19.98万,现车充足

For this model of Hongqi EH7, the engine on board shows excellent power performance. The maximum power of this engine reaches 253 kW, providing a surging power output, which is enough to meet the driver’s demand for speed and passion. At the same time, its torque performance is also excellent, reaching 450 Nm, which ensures that it can provide enough torque support in various driving situations, whether it is daily driving or when power output is required. This power configuration undoubtedly gives the Hongqi EH7 a strong performance.

When summarizing the feedback from car owners, we can see that he expressed a high degree of recognition for the exterior design of Hongqi EH7, believing that its unique design style and positioning of new energy can attract attention. Although he made a little suggestion, this did not hide his appreciation for the overall appearance of the vehicle. The resonance of many car owners also confirmed the beauty and trendy sense of EH7, becoming a bright scenery on the road. Undoubtedly, Hongqi EH7 is winning the favor of more and more consumers with its excellent exterior design and gradually accumulated word of mouth.

What can you see from a film made by a blind director?

(Observer Network News)

Wearing a pair of dark sunglasses, the man who is sitting calmly in front of the computer screen discussing the details of film production with the team members may surprise you that he has been blind since birth, and the sci-fi movie he wants to shoot comes from the imagination that ordinary people can’t perceive with their eyes alone.

Jia Teng Xiuxing, who discussed the details of the film system with team members (Photo: Asahi Shimbun)

Hideki Kato (43) lives in Machida, Tokyo. He has multiple identities, a system engineer, a bass player in a band, and his competitive ability in fighting games is not lost to ordinary people. He has also been handy in cooking since he married his wife for 11 years. Now, he wants to challenge making movies again.

Just shoot, a 12-minute short sci-fi movie was finally successfully completed under his repeated tossing. His friend Makoto Sasaki directed and recorded the whole process of Kato’s film making. This 144-minute documentary "Night Cruise" is composed of these two parts.

What is expected is that this film will be released one after another all over Japan on the 30th of this month.

Documentary poster, "What can you see in a film directed by the blind-a documentary recording the whole process of film creation for the congenital blind" (Photo: official website)

The sci-fi film directed by Kato is called "Ghost Vision", which takes an asteroid in the near future as the stage and describes the story between a man who was born blind and his partner called "Ghost". In Kato’s view, although the relationship between them is trustworthy, the invisible barrier between them is like a ghost, which is magical and interesting, so the story unconsciously emerges in his mind.

In the process of film production, in order to facilitate the communication with the team members, Kato specially used the method of "sound separation" to explain the story, and he also wrote lyrics for the narration and lines himself.

It is worth mentioning that the lineup of the film production team should not be underestimated. In addition to inviting the production teams responsible for visual processing and film and television special effects in the films "New Godzilla" and "Resident Evil", the research and development team of the popular online game "Final Fantasy 15" and the modern artist Jin Cheping, the famous seiyuu Kōichi Yamadera, Hiroya Ishimaru and the popular animated seiyuu Noto Mamiko who were responsible for the dubbing of classic works such as "Silver Soul" also participated in the production of this film.

                                                    The picture shows the game Final Fantasy 15 R&D team.   

                                        The picture shows the production teams of the films "New Godzilla" and "Resident Evil".

Kato joked about this: You see, with their help, I can make movies even if I am blind. Isn’t this a good proof?

In addition to the script and shooting, he also put his own music into the film. This is due to his experience of playing part-time in a bar in high school. Fifteen years ago, he started playing a band with three members.

"I don’t absolutely think that the possibility of realization is zero when I look at anything. Anyway, there will always be a feeling of wanting to achieve it, not to say that I don’t work hard, but I think there may still be ways to look at the problem from a different perspective and enjoy it." Kato said in an interview with Asahi Shimbun.

Nevertheless, the film creation process is not smooth sailing, and how to solve the start-up capital of filming is a difficult problem first.

To this end, members decided to adopt crowdfunding. On December 21, 2017, the crowdfunding project was formally established. The initial target amount was 3 million yen. After all efforts, a total of about 3.35 million yen was raised.

"Night Cruise" crowdfunding project was established Source: Twitter

During the project crowdfunding, many people also actively supported and responded.

Ryuichi Sakamoto, a famous Japanese musician, expressed his expectation: "I doubt whether all the sensory organs such as hearing, touch and taste have become visual sensors to help Mr. Kato’s imagination to be infinitely extended. It’s like a dream. I wonder what color this dream is full of. In order to properly express the images in the brain through language, we need rich exchanges and communication between people who can freely swim in the snow-white canvas to create. This kind of image works created by breaking common sense is even more exciting. "

Ryuichi Sakamoto, a famous Japanese musician, expressed his expectation for the film.

Zeyuan, head of the technology research and development center of Microsoft Corporation in Japan, thinks: I am actually extremely dependent on vision because of the professional needs of speaking, and you will form some inherent values through it slowly. Today’s technological development demands more and more emphasis on vision-centered, such as VR, GUI and so on. But now a person who has lost his visual ability wants to shoot a film that focuses on visual entertainment. What kind of different angles should we interpret and appreciate it? It will make people feel excited and look forward to it.

When talking about why he wanted to make such a documentary, Makoto Sasaki, the director of Night Cruise, felt that this theme was in line with the film he wanted to shoot. As early as 14 years ago, he was lucky enough to be invited to take part in an art project with the theme of exploring the boundary between the majority and the minority in life. There are many disabled people in the project participants, but he didn’t feel any difference between them in his daily communication and work, that is, he began to pay more attention to disabled people, and wanted to record their lives and attitudes truthfully and present the original diversity in the world, which was also his initial intention of creation.

"The word’ disability’ has no special meaning for me when I associate with them. Whether I have a physical disability or not, it doesn’t affect my choice to associate with interesting people and become friends. I simply think so. " Makoto Sasaki said truthfully.

People with disabilities are no strangers to us, but they are often easily ignored by society.

According to the statistics of the Japanese Ministry of Health, Labor and Welfare last year, the number of people with physical and mental disabilities is about 9.366 million, accounting for 7.4% of the total population, an increase of more than 1.49 million compared with 7.879 million in 2013. Especially in recent years, with the serious aging and people’s understanding of "disability" gradually deepening (the definition of disability in Japan is divided into three parts: physical disability, intellectual disability and mental disability), the number of people identified as disabled has also increased.

In order to better integrate these disabled people into society and guarantee their basic rights, the government has also formulated various measures and paid more attention than before. Based on the Basic Law for Persons with Disabilities amended in 2010, a five-year basic plan for persons with disabilities from 2018 to 2022 was formulated to comprehensively promote policies. The White Paper on Disabled Persons, which is reported in Congress every year, introduces in detail the actual progress of relevant policies. These laws and policy measures are expected to create a basically good living environment for them.

A sports classroom for severely disabled children in Hiroshima City (Photo: Asahi Shimbun)

Of course, what is more important is people’s concern and understanding, and the disabled people’s own discovery and affirmation of the value of personal life. In addition to building a space for everyone to communicate together, people with disabilities always pursue their dreams like ordinary people, and they are novel and challenging the unknown, just as the protagonist Kato Hideyoshi has not lost his imagination of the unknown world.

Kato Hideyoshi is on the film set (Photo: Youtube)


There is no "net" unfavorable TV series from blindly following IP to IP drama and realistic theme simultaneously

  During the National Day holiday, this newspaper published a series of reports on "Five Years of Literature and Art", which comprehensively reviewed the development of literature and art in China in the past five years. In this golden autumn season, it is sweet and long-term to taste the fruits of literature and art.

  Looking back on 2013, TV stations were completely occupied by parenting dramas led by hot moms and hot dads such as Little Dad and The Story of Hot Mom. Behind this trend is the official replacement of TV viewers: the remote control in the hands of aunts and grandmothers completely gave way to the post-80 s and post-90 s who entered the baby boom. By 2017, the audience deeply influenced by the network will become the main audience of a new generation of TV dramas. Their aesthetics, likes and dislikes, watching habits and so on have profoundly changed the appearance of Chinese opera — — Sun Li’s new work, which is being broadcasted, has changed the title of the play from the original heavy "Da Qin Yi Shang" to the present "When Flowers Bloom and the Moon Are Full" in order to pursue a sense of network.

  In the past five years, the most earth-shaking changes in the TV drama market can not be separated from a big word "net": the integration of broadcasting platforms, the network platform coming from behind in the competition for top resources, the IP of the theme network first, the sudden emergence of online dramas, the pursuit of "net sense" in aesthetic taste, and the capital of video websites making waves. In short, the Internet has become the most lively main battlefield and "big money owner" of China TV series. The drastic changes in the ecological environment have made the TV drama industry, which is carrying heavy burdens, add "new hates" such as sky-high pay, satellite broadcasting, cutout production and normalization of body double … … However, it is gratifying that the theme of realism is still strong after being washed away by the tide. Taking care of the present and focusing on the content is the people’s just need and the trump card of the market, and finally ushered in the "big year" of creation in 2017 after the ebb and flow.

  The content is that Wang Yue has become a consensus.

  In 2017, the TV series that have been broadcast on TV stations and ranked in the top position so far are as follows: to the sky kingdom, in the name of people, My First Half Life, Biography of Chu Qiao, Full Moon in that Year, Ode to Joy 2, Alliance of Military Strategists, White Deer Plain, Justices Seeker, Biography of New Condor Heroes and so on. Although the overall national drama is getting more and more expensive, the film pay is getting higher and higher, and the quality improvement is not directly proportional to it, if we put aside the huge base and compare it horizontally only from these ten or so "head" works, 2017 should belong to the "big year" of TV drama creation, regardless of the production level, the richness of theme or the degree of artistic completion.

  First of all, the ups and downs and disputes about IP dramas in the market have never stopped in recent years. After several rounds of reshuffle, such as blind speculation, crazy follow-up, survival of the fittest and so on, the attitude towards IP finally returned to rationality this year. The creative attitudes of "Sansheng Sanshi" and "Chuqiao Biography" obviously take the initiative to correct the past lessons of IP dramas — — Respect the law of traditional TV drama creation and use IP reasonably. These two dramas have created new and best achievements in the two main battlefields of daily and weekly dramas respectively, and the market income is considerable. What is valuable is that word-of-mouth has also successfully counterattacked, which has reversed the long-standing "prejudice" of public opinion on IP dramas and won many mainstream audiences who are not "fans". The boundary between traditional TV audience and "fan" audience is no longer clear.

  Secondly, this year has completely put an end to the trend of Empresses in the Palace and other big costume leading the mainstream market. Realistic works such as in the name of people, Ode to Joy 2, White Deer Plain, Justices Seeker and My First Half Life have the upper hand in the "explosion" echelon, regardless of quantity or quality. This also reflects that the core behind-the-scenes TV drama production team, after several years of impact, confusion and groping, has clarified its thinking, gained a firm foothold and strengthened the foundation of its creation in an invincible position. Looking at the rational return of the above-mentioned IP dramas and the counterattack of realism, it is not difficult to find that the integration and mutual reference of the two is the way out for both of them to adapt to the market.

  Online dramas and traditional TV dramas are more and more similar.

  Compared with five years ago, another drastic change in the TV drama market is the significant improvement in the content quality of online dramas, which has gradually bid farewell to shoddy production. Before and after 2013, the production cost of single episode of online drama was about 100,000 yuan on average. Now, the cost of single episode of 5 million+is not uncommon, and it must be said that "the production level is on par with top TV dramas and American dramas". In 2013, watching online dramas for a fee was just a "dream" for many people. Nowadays, a large number of super-customized dramas with narrow themes and the purpose of developing members emerge one after another. This summer, the two major video websites launched "Chasing the Murder in a White Night" and "Crime without a License" respectively, and both of them made a lot of money. The rise of online drama has also attracted many excellent directors, actors and production teams to join in the production of online drama. Xiaogang Feng, Hou Hongliang, Kong Sheng, Guan Hu, Zhang Li and other industry leaders are deeply involved in online drama production.

  The amazing performance of go princess go in 2016 is not unique this year. Self-made online dramas such as Chasing the Murder in a White Night, Spring Breeze is not as good as you, Crime without a license, Forensic Medicine Qin Ming and Ghost Blowing the Lamp are in full bloom. It is a popular practice to accurately locate specific groups and segment narrow themes in the market. "Suspense+"and "Youth+"are the two most popular categories, especially the former, which has a strong plot and a fast pace, burns the brain and reverses the audience’s excitement and hunger, which is very in line with the aesthetic needs of young online audiences.

  Network platforms and TV stations are increasingly integrated.

  Another major trend that cannot be ignored is that the cooperation between network platforms and TV stations is becoming more and more frequent, and the degree of integration is getting higher and higher. The standards of online drama and TV drama are becoming more and more unified. In the form of broadcasting, the linkage between network and station is becoming more and more frequent.

  What is the benchmark in this field is the dramatic changes in the weekly drama market. In 2015, the great success of "Hua Qiangu" in the summer file injected a booster into the weekly broadcast of Chinese drama. However, after only two years, Hua Qiangu seems like a lifetime ago to practitioners. This is because, on the one hand, the competition is more fierce, and it is normal for several weekly dramas to be updated simultaneously; On the other hand, the impact of network integration and other fragmented information has greatly dispelled market attention; The modes of first network, first network background, half network, half network, etc. emerge one after another, reflecting the tilt of the balance of supply and demand at any time.

  Take "Cloud of the Han Dynasty in Xuanyuan Sword" as an example. Since it was broadcast simultaneously in Shanghai Oriental TV Weekly Theater and iQiyi on August 8, it has attracted great attention from both inside and outside the industry because of the "half-network" broadcast mode. The so-called "half a network" means that the drama has been broadcast on TV for a certain number of episodes, and the remaining episodes are only broadcast on the network platform, and only paying members can watch it. In the eyes of the industry, from the previous background of the first network, the first network, and the half network to the half network today, it shows that the right to speak on the network platform is constantly increasing, and it also shows the confidence of all parties in the quality of plays and the increasing number of high-quality film and television dramas. Text/reporter Yang Wenjie

"The Long Season" is better than narrative skills and actors’ performances. The first six episodes test the audience’s patience.

 Author: Hu Jianli

In recent years, the audience has seen too many domestic dramas. Unexpectedly, they saw The Long Season, a work that was deified by the last two episodes. At one time, all kinds of praise swept the network, attracting more viewers to catch up with this masterpiece.

In fact, as a suspense drama, the drama is mainly superior to the director’s superb narrative skills and lens language, as well as the wonderful performances starring Fan Wei, Qin Hao and Chen Minghao. The rhythm of the plot is still flawed, especially the first six episodes test the audience’s patience.

The Long Season tells the story that Wang Xiang (played by Fan Wei) and his brother-in-law Gong Biao (played by Qin Hao), a taxi driver in the northeast town, teamed up with Ma Desheng (played by Chen Minghao), a former captain of the criminal police team, to track down a deck taxi, which involved a case of dismemberment in Hualin Iron and Steel Plant 18 years ago.

The story of the whole drama takes place in three timelines: 1997, 1998 and 2016.Director Xin Shuang boldly uses narrative methods such as sequence, flashback and interpolation to cut a story that is not complicated into pieces, and according to the creator’s narrative skills and lens language, it disrupts the seamless connection between time and space.It’s like a jigsaw puzzlePresented to the audience piece by piece, in order to create suspense about the story and the fate of the characters.

In the previous domestic dramas, there was not a precedent of multi-line narration in staggered time and space. This year’s Spring Festival fire in The Knockout, the story is also divided into three timelines: 2000, 2006 and 2021, but the narrative of each timeline is complete. When switching timelines, there will be subtitles on the screen.

There are two timelines in 1997 and 2010 in the popular suspense crime drama "Thirteen Years of Dust" in April this year, which are also cross-narrative, but the narrative of each timeline is also very complete, and there will be subtitles to remind the audience of the timeline switching.

"The Long Season" uses the cross narrative of three timelines to the extreme of domestic dramas, and there is no subtitle prompt when switching time and space. This narrative method is somewhat random and messy at first glance, but it is actuallyThe director carefully designs and arranges the sequence according to the inherent logical relationship between the story and the characters or some mood and artistic conception he wants to convey to the audience, and the change of props setting, the use of lens language and the skills of transition all serve it.

"The Long Season" has only 12 episodes. In the last two episodes, with the ingenious completion of the last few puzzles, the plot progress on the three timelines is integrated, and the suspense of the whole story and the fate of the characters is uncovered, which gives the audience a kind of sudden realization and hearty after finally completing the puzzle and knowing the truth.

In the finale of the whole drama, the director ended the long autumn in the drama with a snowflake all over the sky, and let every main character in the drama, such as Wang Xiang, Gong Biao, Ma Desheng, Wang Yang and Silent, flash back to the unforgettable moment in the long river of years. Such brilliant lens language has made many audiences immersed in it and have endless memories.

Finally, Wang Xiang, an old man, chased the train and shouted "Go forward, don’t look back" to Wang Xiang, a young train driver. As the song "Looking Back" sounded, people felt sad as if they had passed away.

"The Long Season" can be a great success, in addition to the director’s superb narrative skills and lens language, it can not be separated from the wonderful performances of Fan Wei, Qin Hao, Chen Minghao and other leading actors and all supporting actors. It can be called a work in which all actors perform online.

Fan Wei, as Wang Xiang, vividly interprets this role’s pride and sense of responsibility as a train driver and a model worker in Hua Gang when he was young, and his anxiety when he was worried about being laid off, and vividly interprets Wang Xiang’s persistence and wit in tracing the truth of his beloved son’s death when he is over middle age.

Qin Hao’s middle-aged Gong Biao, with a big belly and rosacea, speaks authentic and joyful Northeastern dialect, and is a typical middle-aged greasy man. He is lazy and arrogant, and has no eye for people. He is completely integrated into the role, so that the audience can hardly recognize his original appearance.

As a college student in the 1990s, Gong Biao was boastful and timid when he was young, but after learning that his favorite woman, Liru, was having an affair with the factory director, he rarely showed his masculine side. Although he paid the price of being laid off, he always treated all the problems in life optimistically.

When he had to agree to divorce Liru, his performance was generous and kind, which completely reversed the negative impression of the audience on him.

Ma Desheng, the captain of Interpol, played by Chen Minghao, is an honest and kind person. When he learned that Shen Dongliang’s sexual assault and taking nude photos threatened his niece’s silence, he couldn’t help beating this devil wears prada. The scene was very Japanese.

In the timeline of 2016, the middle-aged and elderly Ma Desheng danced Latin dance with great professionalism and devotion when he first appeared, which made the author suddenly fail to recognize that it was played by Chen Minghao, which was very different from his image and temperament when he was young. This shows that a good actor has a strong ability to shape the role.

Li Gengxi’s silence, Liu Yitie’s Wang Yang, Jiang Qiming’s Fu Weijun, Liu Lin’s Li Qiaoyun, and Lin Xiaojie’s Luo Meisu, Wang Yang’s mother, all left a deep impression on people.

"The Long Season" has many advantages, such as the soundtrack that fits the plot very well, the refined service way and so on. Many articles have made in-depth analysis on this, so I won’t repeat it here. In a word, this is a rare masterpiece.

However, for the ordinary audience, the staggered narrative of time and space by using superb narrative skills is like a double-edged sword. While successfully creating suspense about the fate of stories and characters and conveying certain emotions and artistic conception to the audience, it also causes a slightly unbalanced narrative rhythm to a certain extent, especially the slow rhythm of the first six episodes, which tests the audience’s patience.

After watching The Long Season, the author enthusiastically recommended the play to a friend. I didn’t expect this friend to give up after watching one episode. His impression was that the plot was too slow and unattractive, and he didn’t explain the characters and the ins and outs of the story. Sometimes he was confused.

This friend is very busy at work, and it’s not his fault that he didn’t finish reading it.The Long Season is a good play, but it’s not cool.The process of paving the story in the first few episodes is really slow, and because of the cross-narrative, the director deliberately fails to explain the previous plots and characters clearly, and deliberately leaves blank. In many cases, it is up to the audience to make up for it.

The process of watching "The Long Season" is just like the director’s name: the first few episodes are hard to watch, and the later ones are more and more cool. After all the plots and characters are put together, the 11th and 12th episodes of the whole drama are ushered in.

Therefore, the drama not only didn’t end badly, but was deified by the audience in the last two episodes. The Douban score soared to 9.5, and it is still as high as 9.4, which is expected to become the word-of-mouth ceiling of this year’s domestic drama.

Huaxi Bio creates a "customized skin measurement" scheme for graded repair of sensitive skin.

"I am a sensitive muscle, how to carry out skin anti-aging care?" "They are already sensitive muscles, but they can also be overweight and anti-aging?" For sensitive muscle anti-aging, many consumers’ first reaction is either headache, or they feel "unworthy" and give up directly. "After all, redness, itching, tingling and acne will take turns. If you add powerful anti-aging products, you may face the experience of’ bad face’ anytime and anywhere." This is the voice of many sensitive muscle consumers.
It is precisely because of the "fragile" characteristics that the ability of sensitive muscles to resist external environmental damage and skin "aging killer" ultraviolet rays will be weaker than that of non-sensitive muscles. Some experts said that the average person’s hair is wrinkled and the elasticity is reduced around the age of 40, and people with sensitive muscles may begin to appear in their twenties.
Are sensitive muscles really "unworthy" of anti-aging? As a functional skin care brand specializing in sensitive skin, "Mibel" gives the answer after clinical research-"Sensitive muscles can’t be generalized". Graded repair and customized skin measurement are the positive solutions to meet the different needs of sensitive people at present. Mibelle’s "Light Age Tightening Series" is developed for sensitive muscles to achieve advanced anti-aging effect, and has been recommended by the new brand of Tmall Treasure and Li Jiaqi. Since its listing, it has won wide acclaim from consumers of sensitive muscles, and it has also become a series of products with word-of-mouth explosions for functional skin care of sensitive muscles.
"Graded repair" can "measure and customize the skin", and sensitive muscles also have "spring"
According to the data of chinese journal of dermatovenereology’s "Expert Consensus on the Treatment of Sensitive Skin in China", in China, on average, one in every three women has sensitive muscles, and the people aged 20-35 are more susceptible to allergies, accounting for more than 70%.
Different from the mainstream claim of sensitive muscle repair and stability, as a functional skin care brand under Huaxi Bio, a world-renowned biotechnology company, "Mibel" has chosen a more accurate and insightful differentiated brand road. Chen Yitao, general manager of Mibel, said that consumers of Generation Z who grew up in the Internet environment, on the one hand, suffered from multiple problems caused by staying up late and irregular work and rest, and on the other hand, paid more attention to and expected the effects of anti-aging and whitening. However, due to the influence of the traditional concept that "sensitive muscles can’t use functional products", many users can only report the related products but can’t. This is the consumer insight of Mibel’s product concept of "graded repair and skin customization".
Based on this, Mibel relies on the strong biotechnology and R&D strength of the parent company, and establishes in-depth cooperation with a group of excellent dermatological clinical experts to analyze the causes of sensitization and skin care needs of different skins, and provide targeted repair programs for consumers with different skin types and sensitivities with the logical standard of "science+medicine".
For example, for people who have been suffering from sensitivity for a long time, Mibel’s "barrier repair series" starts with reconstructing the barrier of healthy skin, relieves skin discomfort from the root causes of the skin, and focuses on repairing ingredients such as Ximinxiu TM and Ekdoine, giving the audience the most reassuring skin care experience with gentle and effective solutions. This series of products range from aqueous emulsion, secondary liquid to freeze-dried mask, and can be selected according to different sensitivity levels and skin types.
For people who have just experienced slight sensitivity such as dryness, redness, peeling, etc., Mibel has launched the "Soothing and Repairing Series" with the concept of "defense, soothing and repairing". Based on 4D hyaluronic acid, it is combined with compound ceramide, multiple plant extracts and other ingredients to help quickly relieve skin discomfort, stabilize skin’s "small temper", help prevent barrier damage, and condition sub-healthy skin lacking resistance.
There are still many consumers who think they have delicate skin and often "roll over" by using "fierce drugs", but they are not satisfied with basic repairs and want to use effective products. In view of these people who prefer to choose mild and safe products, Mibel has given priority to the "light age tightening series" to achieve the dual functions of "repair+anti-aging", which can make sensitive muscles enjoy gentle and advanced effects while repairing. This series takes ergothionine, nicotinamide, carnosine, etc. as the main anti-aging ingredients, breaking the concept that "sensitive muscles can’t use functional products", and taking the lead in helping sensitive muscle consumers get through the "active+defensive" anti-aging channel in the current market. Since the star model "Filter Shake Water" was put on sale, seven products, namely, essence water, essence, velvet cream, "blue bandage" applied mask, freeze-dried mask, "peptide shake honey" and "fairy eye mask", have formed a more complete anti-aging matrix for sensitive muscles, so that sensitive muscles can find their own "spring" in repair.
Comprehensive layout of "hard technology", giving sensitive muscles every reassuring detail.
According to the report of market research and consulting company Mintel, in the past four years, the claim that "sensitive muscles are suitable" has gradually increased in products. Among facial skin care products, the proportion of products with sensitive muscle efficacy claims rose from 11.8% in May 2017 to 22.9% in April 2021.
In the increasingly fierce market competition, Mibel is highly recognized by the industry and consumers. Among them, Mibel’s "Little Pink Water" won the Tmall Gold Makeup Award, which is known as the "Oscar in Cosmetics" in 2021, and the whole network sold nearly 3 million bottles. The application of the mask "blue bandage" has increased by 600% this year, and this year Tmall Double Eleven won the first place in the pre-sale list and purchase list of the application mask. Behind the eye-catching data, in addition to the brand’s own strength, it is also inseparable from its intensive cultivation of the sensitive muscle market.
Under the guidance of the scientific concept of "graded repair and skin measurement customization", Mibel insists on research and innovation from multiple dimensions such as raw material composition screening, component ratio, process flow and product packaging, and comprehensively builds a product system that "meets the skin care needs of people with sensitive muscles more gently and effectively".
In the book Deep Skin Care, it is said that "knowing the product ingredient list is a shortcut to choose skin care products and distinguish the safety of products". Based on the research on sensitive muscles, Mibel gives full play to the global leading edge of its parent company Huaxi Bio in bioactive materials, and conducts YEATION and selection from the source of ingredients.
Generally speaking, the stratum corneum of sensitive muscles is thin, so it is difficult to lock the skin moisture. In dry environment, it is easy to cause problems such as redness, redness and desquamation, so good moisturizing ingredients are especially important for repairing sensitive muscles. Mibel "luxuriously" takes the star raw material of Huaxi Bio-4D hyaluronic acid as the ingredient keynote of the whole product, and constructs a three-dimensional water storage sponge layer from the epidermis to the dermis, in which Shu Min ingredient Ximinxiu? Ultra-active hyaluronic acid is hyaluronic acid (hyaluronic acid) with molecular weight less than 5000Da, which has high transdermal absorption, can directly reach the dermis to relieve sensitivity, help fight inflammation, promote the generation of new cells and repair the skin barrier.
In addition, there are also known as the "magic repair factor" and "anti-aging star" ergothionine, etc. These bioactive raw materials independently developed and produced by Huaxi Bio have laid a solid foundation for Mibel’s product strength.
In order to make the product formula more pure and apply the product to the repair of sensitive skin more safely, Mibel has also made a lot of efforts in packaging. From cleansing, cream to secondary polishing, all products adopt imported vacuum packaging technology, avoiding the use of conventional preservatives and secondary pollution in the use of materials. This meticulous product design allows consumers to feel at ease every time they use it.
It is worth mentioning that before going on the market, Mibel’s products have to undergo multiple authoritative certifications such as hospital clinical verification, CMA safety and hormone testing, cosmetic safety and quality testing, and 41 glucocorticoid testing, so as to truly guarantee the comprehensive protection of sensitive muscle repair products.
According to industry insiders, repairing sensitive muscles is not an easy road. Mibel chose "specially developed for sensitive skin" and made great efforts to become a China brand that convinces the world, which shows that her initial intention is extraordinary. Since its establishment, Mibel has insisted on starting from dermatology and consumer demand, and won the reputation of many consumers with its product strength. At the same time, Mibel did not forget the social responsibility on her shoulders and cooperated with dermatologists to carry out free clinic activities; During the COVID-19 epidemic, he rushed to the epidemic area in Hubei to help heal the "mask face" of medical staff; "Pay tribute to the border guard" action repairs the skin for the border guard soldiers … Mibel is setting a new benchmark for domestic products with professional products and responsible brand strength.
In the prelude to the Double Eleven, a number of products owned by Mibel have landed on the list of "Breaking 100 Million". Good products and brands are naturally popular and respected. I look forward to the next good news from Mibel in this round of double eleven exams.
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Large model and generative artificial intelligence have been "out of the circle" from the technical field! AI’s "golden decade" is just the beginning.

Large-scale model and generative artificial intelligence (AIGC) have gone out of the technical field and become one of the hottest topics today. On the one hand, the key reason lies in the great opportunities it may bring to global development, and on the other hand, its powerful and disturbing ability. At the World Artificial Intelligence Conference that opened yesterday, global industry leaders focused on big models, talked about innovation and trends, and also talked about how to step on the brakes.
AI should not only "read thousands of books", but also "walk Wan Li Road".
Many heavyweight guests unanimously believe that starting from the breakthrough of the big model, we will usher in a "golden decade" led by AI (artificial intelligence). Now, it’s just the beginning of this great era. In order to successfully cut into this cadenza movement, AI developers also need to carefully polish the large model so that it can be accurately adapted to thousands of industries.
Hu Houkun, the rotating chairman of Huawei, borrowed the requirements of traditional culture for personal cultivation —— reading thousands of books and walking Wan Li Road, and described the development direction of large model technology in his eyes. The so-called "reading thousands of books" is to let AI learn massive data and complete "basic knowledge accumulation", but this is not enough to fully empower and change traditional industries. Therefore, the big model should "follow the Wan Li road", that is, deeply integrate AI with the real economy and forge a subdivided industry model. For example, Huawei has used its own software and hardware platform to connect large models with hundreds of industries. Among them, the AI model trained by using meteorological big data in the past decades can give a forecast of the global weather in the coming week within a few seconds.
In fact, regarding the development of big models, there are two schools of views in the industry. One is the "universal" school, which means that the AIGC fever triggered by ChatGPT is likely to make people find a breakthrough towards universal artificial intelligence; The other school believes that the vitality of AI lies in landing, and it is too early to talk about general AI.
Most of the guests who appeared on the stage yesterday held the latter view. The most determined one is Yang Likun, winner of Turing Award and one of the "Three Masters of Deep Learning". He simply said that at present, there is no universal AI in the world, "every intelligence is dedicated."
When it comes to how to connect AI with the industry, Tencent and Baidu can be said that great minds think alike. Tang Daosheng, senior executive vice president of Tencent Group, believes that many AI models seem to be omnipotent, but in the face of various industries, they can only solve 80% of the problems, and the remaining 20% are easy to make mistakes, which leads to confusion. To this end, AI companies need to create exclusive "small models" in addition to the general big model according to the business characteristics of customers. According to this model, Tencent planned the so-called MasS ("model as a service") business, which is to help customers quickly complete the customized development of "small model".
Baidu’s big model business is also similar in design. Wang Haifeng, chief technology officer, revealed that enterprises need industry models, but they can’t solve the problems of cost and difficulty. To this end, Baidu hopes to learn from the chip foundry model, and provide automated and standardized AI model customization services for various industries through its own super computing power, super-large data and hundreds of billions of models.
Machine assistants, digital avatars, and new technological breakthroughs are concentrated.
Too much talk about business models will inevitably be a bit boring. In contrast, hard-core and cutting-edge technical topics may attract more attention. Yesterday, a number of industry leaders and cutting-edge players took turns to stage, showing the most proud and optimistic AI technology.
Yao Qizhi, winner of Turing Prize and president of Shanghai Zhizhi Research Institute, introduced the latest achievements of one of his young teachers. It is the latest reinforcement learning algorithm, and compared with the traditional technology, the learning speed of this algorithm has been improved by hundreds of times. In the past, it usually took several months to train an intelligent robot, but it can be taught in a few hours through new algorithms.
As an important investor and partner of OpenAI (the developer of ChatGPT), Microsoft is working hard to make the big model more deeply bound with its Windows Windows system, Office suite and cloud computing services. Hou Yang, senior vice president of the world and chairman and CEO of Greater China, revealed that at present, Microsoft has launched 50 AIGC pilot services, the most important of which is CoPilot intelligent assistant, which can quickly generate PPT speeches instead of users or write software at 150% speed. In addition, another revolutionary technology released by Microsoft, the ——AI Plug-IN system, will also become an interface between the big model and various specific application scenarios. It is expected that the total number of plug-ins in ChatGPT will exceed 1,000 when it is officially released soon.
He Xiaodong, vice president of JD.COM Group and president of JD.COM Exploration Research Institute, first played a video of him introducing the progress of AI research and development on JD.COM Live Channel. Later, he "revealed" the truth. In fact, he and the host in this film are not real people, but digital people generated by AI. At present, to generate such a "digital avatar" that can be confused with the real thing, the threshold is very low: just take a picture of the party for 5 minutes, AI can model in real time and complete the perfect reproduction from appearance and expression to accent and tone.
In addition to introducing the products and technologies that have come out, the future development direction and breakthrough of the big model was also a hot topic yesterday.
Yang Zhilin, an assistant professor at the Institute of Interdisciplinary Information of Tsinghua University, put forward a very interesting direction: Can AI have "collective memory" like people? He said that although the big model can remember the context to a certain extent when talking with people, once the chat is over, the context will no longer exist. Can AI quickly enter the role every time through new technologies? He thinks this application is very promising.
Pan Xingang, an assistant professor at the School of Computer Science and Engineering of Nanyang Technological University, is optimistic about the field of video generation. He said that the current big model is quite powerful when creating pictures; In the future, we should guide it to further upgrade and provide more help in the generation of dynamic pictures including three-dimensional content.
In addition, whether enough and good data can be used to "feed" AI is directly related to the ability and performance of the big model. However, at present, "data shortcomings" are still widespread. Speaking of the way to crack, Sun Yuanhao, founder and CEO of Xinghuan Technology, said that what AI lacks most at present is actually knowledge data, that is, how to interpret a news event and how to solve a mathematical problem. He believes that the technical community needs to develop corresponding tools and databases at present, and extract human methodology with natural language. Only in this way can we really make good use of large models.
AI needs responsible governance, but it is overly worried or unnecessary.
Since the AIGC and the big model show the powerful intelligence beyond expectations, the outside world is worried that AI will defeat the human brain and challenge mankind. Yesterday, the voice that the reporter heard in the venue about how to supervise AI seemed to be much more frequent than before. Of course, the big coffee makers in the industry are not as anxious about the current AI as ordinary people. They are more based on rationality, focusing on the long-term, and giving suggestions on the governance of AI.
Yang Likun believes that it is necessary to set goals for AI, define nature and build safety barriers. For example, AI can be required to be honest, obey and not hurt people; Once it is violated, AI should get emotional feedback similar to fear or pain. Because the realization of technology is very challenging, Yang Likun suggested starting with low-level AI, such as putting AI equivalent to mouse intelligence into a "technical sandbox" first, studying how to train it into a good mouse, and then gradually improving AI ability until it is close to human intelligence.
Hou Yang said that in Microsoft’s view, to build a responsible AI, we need to follow six principles, namely fairness, reliability, security, transparency, privacy and tolerance. "We advocate global technology companies to form a consensus through cooperation to ensure that AI technology benefits all mankind."
Of course, there are also some AI industry leaders who have reservations about the concerns of the public and peers. The hottest drawing AI in the world
David Holtz, the founder of MidJourney, said that the technological progress of AI so far is to enhance the capabilities of people themselves, and there is no strong artificial intelligence era coming in the near future. Holtz said that AI is not an individual, it is just a kind of "entanglement" or "flow" of wisdom. For example, painting AI is by no means an artist who works side by side with you, but an extension of your thoughts. The entrepreneurial star stressed: "If you think too much, you may miss many opportunities."
If you think Holtz’s expression is too mysterious, then the way Tang Xiaoou, a professor at the Chinese University of Hong Kong, used to comfort the "AI phobia" is more grounded. The expert who has led the team to achieve a lot of world-class achievements in the AI field likes listening to a cross talk before going to bed. Every time at this moment, he would listen and think, "How can a machine surpass such an interesting soul? I don’t believe it. "
Source: Zhang Yi
Editor: Fan Jing
* The exclusive manuscript of Wenhui, please indicate the source.
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Emotional value

Written by | Lu Xiaolu (Shanghai, white-collar worker)

  More than a month ago, several friends unanimously sent me the same video-the first hairy crab in autumn.

  "I’ll give you a fresh Yangcheng Lake hairy crab." I saw the salesgirl in the video, picking up a few orange crabs and saying to the customer with a lovely "clip sound", "Please pick one and see which one you like best?"

  The customer asked, "Is this a male or a female?" The younger sister replied: "They are all females. We have many yellow thieves now. "

  When the customer chooses one, the young lady immediately throws water at the crab, puts it on the table scale and weighs it. Then she wraps the crab with thick cotton thread: "I’ve finished wrapping it for you. When you get home, you can brush it with a small brush first, then steam it in the pot for 15 minutes, and arrange onions, ginger and garlic for it." Business is done. The customer happily brought back a hairy crab.

  However, can you imagine? This makes it a plush crab toy to buy and sell.

  It turns out that this is based on the sales method of the situational performance of the British toy brand Jellycat. This immersive "play house" is said to provide customers with sufficient emotional value. Rather than buying plush crab toys, customers buy back healing feelings. For customers, plush toys are "companions" like pets, and they are an act to relieve mental stress.

  Many people call the world crazy in their comments. This reminds me of a sentence written by Austin in Emma: "Half the people in the world are happy, and the other half don’t understand."

  Perhaps the world of adults is lonely because of lack of love. So knowing that the behavior is crazy, there are still many people who are willing to pay for it. If you can let yourself relax for a while, it is understandable to pay some costs. Therefore, plush toys have been exploding and continue to this day.

  Think about yourself, don’t I also have a favorite plush doll? It was a New Year gift from my husband more than 20 years ago. It was 5 cm in size and I don’t know its name. In those years when her husband worked abroad, Xiao Cute did play the role of a companion. Even now, every time I quarrel with my husband, I see this cute little one, and my anger slowly fades away. I didn’t know it before, so this is the emotional value. Written by Lu Xiaolu (Shanghai, white-collar worker)

Japan raises interest rates for the first time in 17 years! The global "negative interest rate era" has completely ended.

Cailian News on March 19th (Editor Xiaoxiang)With the Bank of Japan raising interest rates for the first time in 17 years on Tuesday, the "negative interest rate era" in the field of global monetary policy has officially come to an end …

The Bank of Japan announced in the day that it would raise the benchmark interest rate from -0.1% to 0-0.1%, which was in line with market expectations. In addition to ending negative interest rates, the Bank of Japan also announced that it would cancel the yield curve control (YCC) policy and stop buying risky assets such as exchange-traded funds (ETFs), thus officially ending the aggressive monetary easing experiment implemented by former governor Haruhiko Kuroda since 2013.

Although most economists surveyed earlier this month expected the Bank of Japan to wait until April to end the negative interest rate, in fact, the Japanese media have frequently aired the actions taken by the Bank of Japan in the past few days, and the results of last week’s "spring fight" in Japan showed that the salary increase of various industries generally exceeded expectations, which further increased the possibility of the Bank of Japan making a decision on raising interest rates at a two-day monetary policy meeting.

Today’s decision of the Bank of Japan has made it the last central bank in the world to give up negative interest rates, and ended the special era in which global policy makers tried to support economic growth through cheap money and unconventional monetary instruments in the past decade or so.

Judging from the recent environment in Japan and abroad, with the recovery of endogenous growth momentum of Japan’s economy, Japan’s domestic inflation is gradually changing from external input to a virtuous circle of wage-demand pull, and the core goal of the Bank of Japan’s continuous monetary easing is close to being realized. At the same time, the long-term monetary easing has caused the monetization of Japan’s fiscal deficit to be prominent, and the objective challenge of artificially distorted national debt prices has become increasingly prominent, and the yen exchange rate is facing more severe depreciation pressure.

All these factors have contributed to the major adjustment of the monetary policy framework of the Bank of Japan today.

However, analysts also said that although this move marks the first rate hike in Japan in 17 years, the fragile economic recovery may force the Bank of Japan to slow down when further raising borrowing costs, so in the long run, Japanese interest rates are expected to remain near zero.

The following are the main policy changes announced by the Bank of Japan’s intraday interest rate resolution:

End negative interest rate

The Bank of Japan voted 7-2 to end the negative interest rate. The Bank of Japan raised the benchmark interest rate from -0.1% to 0-0.1%, which was the first time since 2007, and the eight-year negative interest rate era officially ended. The Bank of Japan said that its main policy tool is still short-term interest rates.

The Bank of Japan previously implemented a three-tier interest rate system, which implemented a normal interest rate of 0.1% for the balance of basic accounts, a zero interest rate for macro additional accounts including statutory deposit reserve, and a negative interest rate of -0.1% for policy interest rate accounts with balances exceeding the above two parts.

The Bank of Japan predicts that a loose monetary environment will be maintained for the time being. In terms of forward-looking guidance, the Bank of Japan did not provide much information, saying that it would continue to pay attention to the development of financial and foreign exchange markets and their impact on Japan’s economic activities and prices. However, the previous promise that "additional easing measures will be taken without hesitation if necessary" has been cancelled.

Exit YCC

In this statement, the Bank of Japan no longer mentioned the 0% Japanese 10-year bond yield target, which declared that it cancelled the yield curve control policy.

The Bank of Japan believes that the quantitative and qualitative monetary easing (QQE) policy framework with yield curve control and the negative interest rate policy so far have played a role. Guided by the price stability target of 2%, the Bank of Japan will implement monetary policy moderately and guide short-term interest rates as the main policy tool from the perspective of sustainable and stable realization of the target, according to changes in economic activities, prices and financial conditions.

The Bank of Japan promised to continue to buy bonds, with the same amount as before.This measure was approved by a majority of 8-1. The Bank of Japan also said that if the long-term interest rate rises rapidly, it may increase the purchase amount of Japanese government bonds and conduct fixed-rate purchase operations. In the case of a rapid rise in yields, the Bank of Japan will respond flexibly, such as increasing the purchase of Japanese government bonds.

In fact, over the past year or so, the Bank of Japan has made many adjustments to the YCC policy, so it is not surprising that the YCC policy was completely cancelled this time.

At the beginning of YCC policy setting, the fluctuation range of 10-year treasury bond yield was strictly set to -0.1% to 0.1%. When the yield of treasury bonds hit the upper limit, it would trigger the central bank’s buying behavior. After that, the upper and lower limits of interest rate control were continuously relaxed-in December 2022, the fluctuation range of government bond yield was relaxed to -0.5% to 0.5%, and in July 2023, the "hard upper limit" was further adjusted to "soft upper limit", allowing the government bond yield to exceed 0.5%, and the central bank’s buying behavior would only be triggered when it further touched 1%.

The Bank of Japan also proposed to buy 400-550 billion yen of 5-10-year government bonds four times in April.

Earlier, the Japanese media reported that the Bank of Japan is studying a new quantitative financial policy framework to announce the purchase scale of future government bonds in advance, in order to prepare for the normalization of monetary policy. According to the new guidelines, the Bank of Japan will significantly reduce the upper limit of the number of bonds it plans to purchase in each bond purchase operation.

End ETF purchase

The Bank of Japan also announced the cancellation of the purchase of ETFs and the cancellation of the purchase of real estate investment trusts (J-REITs). The Bank of Japan will gradually reduce the purchase of commercial paper and corporate bonds, and stop buying in a year or so.

This is also one of the three combination punches of the Bank of Japan’s tightening transformation that the Japanese media had previously reported. At present, the dividends and profits earned by these investments have accounted for a large part of the central bank’s income. It is widely expected that the Bank of Japan will stop buying ETFs, and then start a long-term and gradual selling in several years or decades.

As part of the monetary easing policy, the Bank of Japan began to buy Japanese ETF in December 2010, when the Nikkei 225 index was only about 10,000 points.

Last month, the market value of these assets held by the Bank of Japan reached about 70 trillion yen, almost equal to the national tax revenue, equivalent to holding about 7% of the shares in the Japanese stock market, and has long been the largest shareholder in the Japanese market.

Where is Japan’s financial market going?

After the Bank of Japan announced the end of negative interest rates, withdrawal from YCC and other tight monetary policies in a few days, Japan’s financial market also fell into violent turmoil today. The Nikkei 225 index experienced several roller coaster rides in the afternoon. As of press time, the index rose by about 0.13%.

Although the Bank of Japan’s tightening action is not hawkish, the USD/JPY still experienced a "selling expectation and buying fact" during the day, with the latest trading near 149.76.

Some analysts said that the dollar/yen exchange rate may have digested the factors that the Bank of Japan will withdraw from the negative interest rate policy, butGiven that Bank of Japan Governor Kazuo Ueda will hold a press conference in a few hours, the yen exchange rate may continue to fluctuate.Although tightening policy is ostensibly hawkish, the Bank of Japan’s statement also contains a lot of dove warnings.

In the long run, there is no doubt that with the official interest rate hike by the Bank of Japan, the current pattern of Japanese capital market will be greatly changed.Previously, the Nikkei 225 index just broke through a record high of 40,000 points during the year, driven by factors such as the weakening yen benefiting domestic exporters, but the gains of Japanese stocks have been somewhat stagnant recently. Although the recent break has not stopped the enthusiasm of investors, they are now paying more attention to the choice of individual stocks.

Guojin Securities said in the research report last weekend that the withdrawal of the ultra-loose policy seems to have a certain negative impact on Japanese stocks from the denominator and the numerator. First, the withdrawal of "negative interest rate" may bring the interest rate of Japanese bonds up, which will be negative for Japanese stocks from the denominator. Second, 42% of Japanese stocks’ revenue is from overseas, and the "ultra-loose policy" adjusts or drives the appreciation of the yen, which in turn impacts the profits of Japanese stocks. Third, the net export in the early stage is an important support for Japan’s economy, and the withdrawal of the "ultra-loose policy" may also affect the quality of Japan’s economic recovery.

Of course, there are also many people in the industry who are still optimistic about the prospects of Japanese stocks. Yue Bamba, head of active investment in BlackRock Japan, said earlier, "This is a major event." He predicted that the Bank of Japan will raise interest rates gradually, and the monetary environment will remain loose and support the stock market. Bamba pointed out that "the driving force for the rise of Japanese stocks is diverse, extensive and lasting. I think there is still a long way to go before the price is fully reflected. "

Historically, according to CICC’s statistics, since 2000, the Bank of Japan has raised interest rates twice in 2000 and 2006-2007, and adjusted the YCC ceiling in 2022-2023. The historical experience of the above-mentioned policy tightening and Japan’s asset performance-Japan’s short-term debt interest rate rose slightly during the interest rate hike cycle, the long-term debt interest rate was limited by interest rate hike but usually rose before the YCC ceiling adjustment, Japanese stocks were under short-term pressure, and the yen appreciated in the short term but the long-term trend depended on the spread.

Impact of Japan’s interest rate hike on global assets

Since 2021, in order to cope with the high inflation caused by currency overshoot and supply chain shock during the pandemic, major overseas economies, such as the United States, have tightened monetary policy and started a fast-paced and substantial interest rate hike cycle. Different from other economies, the Bank of Japan has maintained a loose monetary policy for many years, anchoring the policy interest rate at the expansion level of -0.1% for a long time, becoming one of the only remaining "interest rate depressions" in the world.

Zheshang Gushou said in a recent research report that in this context, the Bank of Japan’s monetary policy choice will have a strong signal effect. The latest move by the Bank of Japan may mean the complete end of the global low interest rate environment, and the world may enter a new period in which high interest rates and high inflation coexist. With the general increase of the global broad-spectrum interest rate system, the risk-free interest rate, as the core of the financial asset valuation system, may face a certain degree of upward revision pressure, which will make large-scale assets face the risk of valuation revaluation.

It is worth mentioning that at present, Japan is still the largest overseas holder of US Treasury bonds. By the end of last year, Japan’s total overseas securities investment was equivalent to $4.2 trillion, a large part of which came from Japanese pension funds and insurance companies. In the past year, people in the industry have been worried that the normalization of the Bank of Japan’s monetary policy may lead to a large number of Japanese funds flowing back to Japan from the global market.

However, at least for the moment, investors may not have to worry too much about the impact of the Bank of Japan’s tightening policy on global capital flows. As the Bank of Japan’s tightening policy is expected to be gradual, and the overall spread between domestic and overseas markets is still huge, a large number of Japanese funds will remain in overseas markets at least in the short term.

Of the 273 respondents surveyed last week, only about 40% said that the Bank of Japan’s first rate hike since 2007 would prompt Japanese investors to sell overseas assets and repatriate the proceeds. They believe that after the "limited increase" of the Bank of Japan’s policy interest rate, Japan and other major economies still maintain a large yield gap, which is not enough to prompt Japanese investors to take change actions.

Hideo Shimomura, senior portfolio manager of Fivestar Asset Management Co, said, "We have seen a large number of Japanese retail investors outflow into foreign bonds and stocks before, and I don’t think the end of the negative interest rate policy of the Bank of Japan will change this trend."

(Cailian Xiaoxiang)
Reporting/feedback

Yi Lianhong emphasized the comprehensive construction of a new socialist modernization Lishui with green mountains and green rivers and common prosperity in Lishui, Zhejiang Province.

  Lishui, February 1 ST (Reporter Weng Haohao) Red hot land, turning green into gold. On February 1st, Yi Lianhong, secretary of Zhejiang Provincial Party Committee, went deep into Lishui’s cultural tourism sites, industrial parks, science and technology enterprises, etc., and stressed that we should always keep in mind the earnest entrustment of the Supreme Leader General Secretary, thoroughly study and implement the spirit of the 20th Party Congress, vigorously carry forward and practice the revolutionary spirit in southwest Zhejiang, and take Xiushan Lishui as the ambition and heroism to deepen innovation, tackle tough problems in reform, open up and upgrade, start a new journey and show a new look, so as to build green mountains and green mountains and common prosperity in an all-round way.

  At the beginning of the new year, what is the recovery trend of tourism industry in Zhejiang Province and the growth trend of tourism consumption? Yi Lianhong is very concerned about this. Yi Lianhong came to Dinghufeng and Huangdi Temple in Jinyun County, and learned that the popularity of scenic spots has become more and more prosperous and cultural activities have been rich and colorful since the Spring Festival this year. He hopes to continue to maintain the good momentum of comprehensive recovery and overall recovery of tourism, constantly meet the diversified needs of people’s cultural tourism, carefully build patriotism and excellent Chinese traditional culture education bases, and continue to promote cultural self-confidence.

  As a famous "Shicheng", Jinyun County retains the remains of large-scale quarrying, commonly known as "Yandang". When Yi Lianhong inspected Yandang in Jinyun, he saw that abandoned mines in the past were now turning decay into magic, and new tourism formats such as Yandang study room and immersive interpretation were derived, hoping to deepen the exploration of new paths for ecological restoration and ecological value transformation of abandoned mines and vividly interpret the rich connotation of the concept of "Lucid waters and lush mountains are invaluable assets".

  At present, what is the situation of enterprises returning to work and production? How is the progress of the activities of "visiting, investigating, serving and solving problems" carried out by all levels and departments in the province? Yi Lianhong went deep into the semiconductor industrial park and enterprises in Lishui Economic and Technological Development Zone for on-the-spot understanding. In the exhibition hall of the industrial park, he listened to the introduction of the development and innovation deepening of the new industrial platform of Lishui characteristic semiconductor, and pointed out that the development of the industrial park fully proved that as long as the pioneering spirit of "from scratch" was riveted, the old revolutionary areas could also gather and build world-class enterprises, and hoped that the industrial park would actively expand the two-way transformation channel of "two mountains" and better transform ecological advantages into economic advantages, industrial advantages and development advantages.

  Tongchuang (Lishui) Special Materials Co., Ltd. is the largest production base of ultra-high purity tantalum materials in China. Yi Lianhong inspected the exhibition halls and production workshops of enterprises, learned about attracting high-end projects to improve the quality of economic development, and encouraged enterprises to work hard to maintain their entrepreneurial passion, enhance their innovation ability and temper their excellent work style, thus deeply helping local high-quality development. In Lishui Zhongxin Wafer Semiconductor Technology Co., Ltd., Yi Lianhong inspected the exhibition hall of the enterprise to understand the research and development and production of the main products. He said that Lishui has good mountains, good waters and good scenery, and now it has attracted good enterprises and a good future. I hope that all kinds of enterprises attracted will be safe when they come, and they will do it when they are safe. In Zhejiang Fangzheng Electric Co., Ltd., Yi Lianhong inspected the production line of the enterprise, encouraged enterprises to strengthen key core technologies, promoted the transformation and upgrading of the manufacturing industry and the industrial chain, and strived to build a world-class enterprise.

  After listening to the work report of Lishui Municipal Party Committee and Municipal Government, Yi Lianhong stressed that Lishui should guard the "red land" with a higher position, temper loyalty in benchmarking, learning deeply and maintaining strength, and make loyalty the most distinctive symbol; Hold fast to the "golden rice bowl" with a higher standard, firmly grasp the biggest background, the biggest signboard and the biggest advantage of the development of ecology, draw "landscape painting", read "mountain classics" and write "pastoral poetry" well, so that green becomes the most touching color; Cultivate the "growth pole" with greater efforts, identify the breakthrough of industrial transformation, create new advantages in the business environment, enhance the driving force of leapfrog development, accelerate to become the new growth pole in the new development pattern of the province, and make development the loudest voice; Pass on the "feelings of mountains and seas" with a wider mind, lay a good "economic and trade card", enhance the integration of the platform, lay a good "enclave card", enhance the closeness of cooperation, lay a good "overseas Chinese card", enhance the concentration of foreign capital, and make opening up the most surging power; Take the road of "common prosperity" at a more practical pace, polish the city brand, improve the quality of life, cultivate spiritual taste, take the continuous improvement of the quality of life of the people in the old revolutionary areas as the most important political achievement, and make happiness the most confident business card;Adhere to the "strict tone" with a stronger responsibility, muster up the ambition to break through, create an atmosphere of hard work, optimize the ecology of diligence and clean government, make diligence and honesty the most conscious fashion in Lishui, and write the Lishui chapter of the "Eight-eighth Strategy" more vivid, more connotative and more brilliant.

  Chen Yijun accompanied the investigation and participated in the discussion.