Three Concepts of China's Economy

Today, the second half of 2020 began, the new crown pneumonia epidemic is still spreading around the world. 

How will exports, the stock market, the property market, employment, new infrastructure, poverty alleviation, fiscal policy, the RMB exchange rate, small and medium-sized enterprises, and other areas perform in the second half of this year?

 Exports are expected to remain flat or even grow last year

China's exports have rebounded as the country's return to work and production has been largely realized and the multi-country epidemic has stabilized. According to official data, China's exports fell 4.7 percent year-on-year in January-May this year, down 1.7 percent from January-April, and 6.7 percent from the first quarter.

 According to the Canton Fair, known as China's "barometer" and "weather vane ", most of the exhibitors have a common feeling: the most difficult time has passed, and exports for the whole year are expected to be flat or even increase from last year.

 Disturbance of A stocks in peripheral markets

Except for the Shanghai Composite Index, which fell 2.15% in the first half of this year, the other major indexes of A stocks all rose sharply. According to data from financial data service provider tonghuashun, as of 15:00 Beijing time, the deep index rose 14.97% in the first half of the year, the small and medium-sized index rose 20.85% in the same period, and the gem index rose 35.6%, far better than the performance of other major global stock indexes.

 In response to the trend in the second half of the year, the Great Wall Fund Chief Economist told Vida that China's economic recovery is better than market expectations, but also significantly better than the European and American countries.

 From a short-term perspective, the current and future period of liquidity easing pattern will not change, China's economic recovery trend is determined, the current valuation of A-shares in the historical low position. From the medium and long term, as long as China insists on reform and opening up, scientific and technological innovation and industrial upgrading, the prospects for A stocks are optimistic.

 The exchange rate is expected to rebound

 From the point of view of economic recovery, compared with developed countries such as Europe and the United States, the current Chinese epidemic control is better, the economic machine has been restarted and gradually on track, IMF the latest estimates show that China may be the only major economy in the world to achieve positive growth this year.

 From the external dollar index trend, u.s. the epidemic is repeated, the economy is deep in recession, unemployment is high, domestic ethnic and social contradictions intensified, many states suspended or suspended economic restart, u.s. stock market adjustment pressure again, the federal reserve reckless quantitative easing policy "sequelae" will also gradually appear, the dollar index is expected to gradually fall to 95 or lower levels, the constraints on the yuan will be weakened.

 Chinese and foreign spreads remain high. Against the backdrop of global easing, negative interest rates, and zero interest rates, China still has a rare positive return space, and as domestic stock markets stabilize and the attractiveness of renminbi assets increases, cross-border capital inflows will increase, supporting a stronger currency. "Taken together, the RMB exchange rate is expected to rebound in the second half of the year as a whole, but there may be adjustment pressure at a time when the Sino-US game and the epidemic are repeated.

 Official articles are always more optimistic than our folk. As a plastic injection factory operator, I personally feel that the overall Chinese economy is OK, neither too good nor very bad. Some industries affected by the epidemic will be very difficult.

Protecting 200 million Chinese jobs

 The State Council holds a forum to study and stabilize the basic market for foreign investment in foreign trade. Experts:200 million people involved in employment should not be lost easily

On June 28, Chinese Premier Li Keqiang hosted a symposium on stabilizing foreign trade, stressing efforts to keep foreign investment steady by continuing to expand its opening to the outside world, the government said.
 It was pointed out that while foreign trade has stabilized in recent months, the current epidemic situation is still global, the world economy is seriously declining, our economy has been deeply integrated into the world economy, and the next foreign trade environment is still severe and complex, which must be fully estimated and prepared.
 At the meeting, it was proposed to study new measures to stabilize foreign trade and stabilize foreign capital and to speed up the progress of tax rebates, strengthen financing support such as credit, letter insurance, and guarantee, unblock international freight channels, cultivate new growth points of foreign trade, and at the same time, introduce more measures to expand openness, and further create a market-oriented, legalized and internationalized business environment.
 Bai Ming, deputy director of the International Market Research Institute of the Ministry of Commerce, told Red Star News that it was particularly important to stabilize the basic foreign investment market because the foreign trade industry involved 200 million people in employment. "Because there is employment, we can inject'fuel' into the internal circulation of the economy; at the same time, the foreign trade industry participates in the international circulation, so it is very important to stabilize the basic market of foreign investment in foreign trade and to stabilize the economic operation and the overall situation of employment.

Don't lose position easily in international industry chain and supply chain

Bai Ming, deputy director of the International Market Research Institute of the Ministry of Commerce, told Red Star News that the current foreign trade situation is still grim, so we should fully consider all kinds of difficulties and be prepared to deal with them.

 Red Star News noted that the executive meeting of the State Council held on June 9 confirmed that in order to help foreign trade enterprises involving nearly 200 million people in employment to rescue and develop, while encouraging enterprises to expand the international market, support marketable export products to open up the domestic market.

 Bai Ming explained that it is now proposed to gradually form a new development pattern with the domestic large circulation as the main body and the domestic and international double circulation promoting each other. Because the foreign trade industry involves the employment of 200 million people, it is particularly important to stabilize the basic plate of foreign investment in foreign trade.

 "Because there is employment, we can inject'fuel' into the internal circulation of the economy; at the same time, the foreign trade industry participates in the international circulation, so it is very important to stabilize the basic market of foreign investment in foreign trade and to stabilize the economic operation and the overall situation of employment.

 Bai Ming believes that the current stability of foreign trade foreign capital base plate, the most important is external insurance channels, internal insurance capacity. Export channels must be maintained, because hard-won. Especially in the international industrial chain, the supply chain in the occupation does not lose position easily.

 "In the international market and the international division of labor, even if the temporary business volume is not large, or enterprises to give appropriate profits, but also to find a way to occupy this position, and so on the future improvement of the international market, but also the first. said Bai Ming. the current foreign trade situation is still grim, so we should fully consider all kinds of difficulties and be prepared to deal with them.

 Red Star News noted that the executive meeting of the State Council held on June 9 confirmed that in order to help foreign trade enterprises involving nearly 200 million people in employment to rescue and develop, while encouraging enterprises to expand the international market, support marketable export products to open up the domestic market.

 Bai Ming explained that it is now proposed to gradually form a new development pattern with the domestic large circulation as the main body and the domestic and international double circulation promoting each other. Because the foreign trade industry involves the employment of 200 million people, it is particularly important to stabilize the basic plate of foreign investment in foreign trade.

 "Because there is employment, we can inject'fuel' into the internal circulation of the economy; at the same time, the foreign trade industry participates in the international circulation, so it is very important to stabilize the basic market of foreign investment in foreign trade and to stabilize the economic operation and the overall situation of employment.

 Bai Ming believes that the current stability of foreign trade foreign capital base plate, the most important is external insurance channels, internal insurance capacity. Export channels must be maintained, because hard-won. Especially in the international industrial chain, the supply chain in the occupation does not lose position easily.

 "In the international market and the international division of labor, even if the temporary business volume is not large, or enterprises to give appropriate profits, but also to find a way to occupy this position, and so on the future improvement of the international market, but also the first. said Bai Ming.

Today's excerpt of this news to share with you is to tell you that the economy is really very difficult, as a foreign trade export mold and plastic molding manufacturers, we understand that this situation is very real. This year the Canton Fair did not announce the number of transactions can be seen, we are around a lot of the original foreign trade enterprises have changed or closed, you can see that business is particularly difficult to do now. Winter has come, are you ready for foreign trade colleagues?

China uses 1kg a year, Japan 20kg, and Germany 90kg a year

 Share Really Story about food! China uses 1kg a year, Japan 20kg, and Germany 90kg a year

When it comes to bread, everyone is certainly no stranger, almost every community will have a bakery, idle, buy some bread, hungry eat a bite, then feel happy. According to the relevant survey, the average annual consumption of bread in China is 1 kg, Japan is 20 kg, and the average annual consumption of bread in Germany is as high as 90 kg! So the question is, why do we eat so little bread?

 In fact, the main reason is that foreigners like to take bread as a dinner, but we generally as a portion of food for hunger, hungry, people will choose to buy some bread to fill the stomach. In this way, the quantity will be reduced a lot. In life, in fact, careful people will find that we eat mostly Japanese bread, soft, soft waxy entrance, sweet, and this kind of bread is also very suitable for Asian consumption.

 For example - pineapple bag, outside is made of sugar, eggs, flour, lard crispy skin, inside is soft bread body, just out of the oven steaming hot, bite on, aftertaste endless!

 There is also a red bean stuffing bread, this bread with a strong aroma of wheat, can be torn with the hand, full of red bean stuffing clearly visible, sweet and not greasy entrance, full of happiness.

 Japanese bread is popular despite its soft taste. But it also has a drawback, that is, it has high calorie, high sugar content. Long-term consumption, the human body will be fat, is not conducive to physical health, so can not be regarded as a staple food. So is there a kind of bread that can serve as a staple food without worrying about getting fat?

 The bread is also eaten in many ways, can be cut into slices, coated with a layer of fresh jam, taste rich; with ham, sausage, then with a salty flavor; can also be shredded into the milk bubble to eat, promote digestion.

 Which of these kinds of bread is your favorite?

Has the Chinese economy recovered

The Secret Behind Sales of Cars, Cellphones, Excavators and Instant Noodles

I. CARS

 The highest number of Chinese car sales was 28.88 million in 2017, and the highest number of global car sales was the same year,95.66 million.

 2018 was the first decline in Chinese car sales after 28 years of sustained growth and continued to fall to 25.77 million in 2019. Global car sales also fell for two consecutive years in 2018 and 2019.

 Chinese car sales outstripped u.s. in 2009. China accounted for just 8.7% of global auto sales in 2005 and 28.2% in 2019, but the highest figure was 2017, or 30.2%.

 China's auto sales fell 18.6%,79.1%, and 43.2% from January to March 2020, and rose 4.5% and 14.7% from April to April.

 CNMOULDING produce plastic molding parts for many well-known automobile companies, our feeling is that the market tends to be saturated.

II. Cell phones

 China's domestic handset shipments and its smartphone shipments peaked in 2016 at 560 million and 520 million, respectively. China accounted for 23% of smartphone shipments in 2011 and 96% in 2019.

 China's mobile phone production peaked in 2017 at 1.89 billion. In 2019 it was 1.7 billion (1.115 billion smartphones).

 China's domestic smartphone shipments fell 36.6%,54.7% and 21.9% in January-March 2020, up 17.2% in April, but 10.47% in May.

 Global smartphone shipments peaked at 1.473 billion units in 2016 and 1.371 billion units in 2019.

III. Excavators

 China's excavator sales, which hit a record 194,000 units in 2011(at the end of the $4 trillion), made Sany's Liang Wengen the richest man on the mainland in 2011. After four consecutive years of decline,2016 re-growth,2018,2019 set a new high of 20.3,236000 units.

 Sales of excavators in China fell 15.4% and 50.5% in January-February 2020,11.6% in March and 59.9% and 68.0% in April-April. In particular, the monthly sales of 49408 units in March, a record high. There were 45427 units sold in April. Only four months have historically sold more than 40,000 excavators a month, as well as 44278 in March 2019 and 44150 in March 2011.

 IV. Instant noodles

 WIND data from the World Instant Noodle Association (founded in Tokyo in 1997) began in 2007. China's demand for instant noodles (which seems to be sales) was 45.8 billion, or 48% of the world's total. The highest ever demand for instant noodles in China was 46.2 billion in 2013. In 2019, China's demand for instant noodles was 41.5 billion, accounting for 39 percent of the world's demand. The main reasons may be one is the improvement of living standards, the other is the increase in take-out and the reduction of consumption of instant noodles.

Overall, China and the world's two important consumer goods sales of cars, mobile phones reached their peak in 2016 and 2017, I do not know when to hit a new high. It may reflect the basic saturation of the first purchase population and the replacement renewal demand. China's excavator sales, but in 2018,2019 hit new highs. The first three months of this year were affected by the epidemic, China's car, mobile phone sales fell significantly year-on-year, resumed growth in April, car growth in May, mobile phone decline. Excavator sales, in March, hit a record high, infrastructure drive is obvious. Instant noodle sales, which fluctuated downwards after reaching a record high in 2013, also indicate an escalation in consumption and a decrease in consumption of relatively low-end foods.

The TikTok​ jump!

Media said the TikTok beat 2020 revenue target of 200 billion yuan, significantly higher than the 180 billion spread at the beginning of the year, which will be more than 40% higher than last year.

 To some extent, TikTok is beating like a huge "money printer ", and revenue is growing fast.

 In the first quarter of this year, TikTok-hopping achieved revenue of about $5.6 billion (about 40 billion yuan), a sharp increase of more than 130% over the first quarter of last year, when the epidemic was not affected, media sources said.

 TikTok beat set its 2020 revenue target at 200 billion yuan —— earlier this year, it was reported that its revenue target this year was 30-40% higher than last year, more than 180 billion yuan. but then the TikTok beat indicates "inaccurate information ".

 The TikTok beat never confirms the media coverage of its revenue figures. Earlier this year's news that "revenue in 2019 exceeded 140 billion yuan, an increase of nearly 280% year-on-year" was also echoed as "false news" by the company.

 According to the report, the overall revenue target for TikTok beat this year is to reach about half of its competitors Tencent —— last year, Tencent revenue close to 377 billion yuan.

 Tencent was founded in 1998, and the byte jump so far only "8 years old ", this "young man" ambition can be seen.

For today's media reports, the TikTok beat did not respond.

 The revenue from TikTok jumps comes mainly from advertising, which attracts gold owners through App including dithering and TikTok、 in today's headlines.

 China's advertising market grew slightly to 121.2 billion yuan in the first quarter of this year, according to research firm iResearch. By this rough calculation, the TikTok beat advertising market share is about 30%.

 Previously, from 2016's 6 billion advertising revenue to 2019 budget revenue of 120 billion, TikTok beat only took four years.

 Fast-growing revenue is thanks to a surge in downloads from the group's various apps. Among them, quiver and its overseas "cell brother" TikTok more than 2 billion downloads worldwide.

 The number of downloads TikTok reached 315 million in the first quarter alone, setting a single-quarter download record for any App in the world and setting its own 205.7 million world records in the fourth quarter of 2018.

 The surge in key performance indicators has pushed forward the jump in valuations, which have so far reached between $95 billion and $140 billion.

Global liquidity flooding and asset scarcity will be big probability events

In the last two months, global central banks have embarked on a new cycle of easing. In fact, it is not accurate to say that the new round of easing has been in the process of easing since 2008, but this year, starting in March, more intense.

 The United States is a typical example. The U.S. Treasury and the Federal Reserve teamed up to rescue the market, flooding global markets with a $2.2 trillion stimulus package, while the Fed set interest rates to zero and opened unlimited quantitative easing. Today, Treasuries are up to $2 trillion in two months, while the Fed's balance sheet is up to $3 trillion in two months.

 In the words of the governor of the central bank of china, this is a flood of global liquidity. More money naturally can invest in fewer products, so there may be a shortage of assets. The prospect of a high-quality asset shortage will be a high probability event, and the Chinese market will have all the performance. CNMOULDING suggests holding on to the slogan of quality assets so that people don't sell stocks at cheap prices. But, after all, quality assets are few, can be counted as excellent companies, the stock price has been heaven, look at Maotai, the stock price of more than 1400 yuan, market value is more than 1.6 trillion yuan, once more than ICBC. Therefore, the emergence of quality asset shortage is indeed a large probability, but quality assets are not cheap. This is a big bubble created by a global flood of liquidity, but it seems that the bubble will continue to blow.

 The best way now is to hold enough money to wait for good assets to emerge.

Huge wealth and social conflict

On the evening of June 14th, the shocking news came that he henjian, the founder of the famous Chinese enterprise beauty had been taken hostage and his son from the river to the police. Early on the 15th, Foshan police issued a notice to respond to this matter: has arrested 5 people, the owner is safe.

It may become a landmark event, with a stable economy the most powerful weapon against most social problems.Mould company whether boss or employee, income belongs to ordinary type, do not have big rich big expensive, so the on-the-job personnel of this industry, rarely unemployed, also rarely make a lot of money, this is different from consumer industry.

 I hope this article reminds you of the rich people, treat the vulnerable groups, since ancient times there are no natural robber thieves, most of them are forced, China is now a big gap between the rich and the poor, so big that you can not imagine the results.

High wealth and social conflict

 In recent years, with the deepening of the polarization between the rich and the poor, the phenomenon of the feud of the whole society is more serious. The kidnapping of rich sons in hong kong may also be on the mainland.

 In the absence of such a plague, foreign countries experienced riots and conflicts, the increase in the number of unemployed people, cyber violence rampant in 2020, occurred in the hundreds of billions of rich he henjian vicious incident, perhaps just a sign of conflict, the dust of the times, not only fell on the poor, even the rich are not immune.

 If it weren't for today's massive public-safety investment, efficient police force and fine grid management, such events would have been happening and even out of control.

 And the only way to solve such social conflicts is to develop and stabilize the economy. Only a stable economy can calm the restless people, and only enterprises can stabilize the economy and increase employment. And only stable employment, can guarantee people's life, people live and work in peace and contentment, naturally, there will be no fierce social conflict.

 Therefore, to maintain social stability, we must stabilize the economy and help enterprises develop and grow. Sometimes a huge amount of security investment is less effective than a stable economy.

 The economy is the most powerful weapon against most problems, and enterprise development is the main driving force to maintain economic growth, so support enterprise growth, protect enterprise development, can really solve social problems.

Net profit comparison between Chinese and American companies

Today, Cnmoulding share a picture. is a comparative chart of the net profit of Chinese and American enterprises in the first quarter of 2020.

 In the first quarter, the banking sector continued to suck money in spite of the domestic epidemic and the near-stagnation of industries, according to figures.

 Among them, the four state-owned banks have net profits of more than 50 billion yuan. The first line of the universe, not surprisingly, held first. In the first quarter, ICBC's net profit was as high as 84.494 billion yuan, followed by China Construction Bank, creating 80.8 billion yuan. Agricultural Bank and Bank of China followed closely, with net profits of 64.1 billion yuan and 52.5 billion yuan respectively. Surprisingly, except for the four big banks, other banks aren't willing to show off.

In the top 20, except PICC, Taibao, Shenhua, Maotai, China Construction and China Life six, the remaining 14 listed companies are all banks.

 And look at American companies. Apple, Microsoft, Google, Intel, Pfizer, Facebook... Except for Bank of America and VISA, basically are high-tech enterprises. On the other hand, we...

 Apple and Microsoft, which are also top performers, Asia and the world's leading technology companies, posted a less net profit in the first quarter than China's two biggest banks.

 It seems that our banking industry is never bad for money under any circumstances. No wonder the industry's giants are breaking their heads and going to the banks.

 It's a pity that making such money is not human.

 At the beginning of the new year, the epidemic swept the country, the tide of the shutdown, the tide of layoffs constantly hit people living in the city, among which small white-collar workers suffered the most.

However, the results... can not be said to be without measures.

 When the outbreak was most tense, some media reporters called ICBC, China Merchants Bank, China Construction Bank, Agricultural Bank and other banks and confirmed that the mortgage can be extended for 30 days.

 At that time, however, including the small editor, the outbreak of at least asked more than 50 mortgage owners, all said that the bank did not have such treatment.

 Including the banks mentioned in the media. "Even if there is no outbreak, you have three chances to extend your mortgage payments. If you don't have a mortgage in the near future, you can stay for a month, but remember that you only have three chances. I advise you not to use it easily. The above is the reply given by a bank.

 Although on February 1, the central bank, the Ministry of Finance, the Banking Regulatory Commission, the Securities Regulatory Commission and the Foreign Exchange Bureau jointly issued the Circular on Further Strengthening Financial Support for the Prevention and Control of the Epidemic of New-type Coronavirus Infected Pneumonia, which requires that those affected by the epidemic who temporarily lose their income sources should be given an appropriate tilt in the credit policy, flexible adjustment of personal credit repayment arrangements such as housing mortgages and credit cards, and reasonable delay in the repayment period.

However, in response to the China Times, ICBC said it would submit credit records according to the adjusted repayment arrangements, but in principle, it would submit the overdue records before adjusting the repayment arrangements. In fact, most banks have this attitude. During the epidemic, you are difficult, my bank is not easy ah, why give you...

Don't we have high - tech companies? Of course not.

 You know, our high-tech enterprises are also leading the world's consumption trend, at least in some areas.

 Among these enterprises are Huawei, Tencent, Ali, NetEase, JingDong ,360, Baidu, Xiaomi, Gree, Midea, plus Haier and Beijing and Eastern, etc.

 Look at their net profit:

 Huawei reported operating performance for the first quarter of 2020: in the first quarter of 2020, Huawei achieved sales revenue of 182.2 billion yuan, an increase of 1.4 percent over the same period last year, with a net profit margin of 7.3 percent, and a net profit of 13.3 billion yuan.

 Tencent's revenue in the first quarter was 108.065 billion yuan, up 26 percent from the same period last year, with a market estimate of 101.071 billion yuan and a net profit of 28.896 billion yuan, according to Tencent's data.

 Alibaba, the Q4 income from January 1, 2020, to March 31, 2020 is RMB 114.314 billion yuan, up 22% from the same period last year, and the net profit attributable to ordinary shareholders is RMB 3.162 billion yuan.

 Net revenue in the first quarter of 2020 was 17.06 billion yuan, up 18 percent from a year earlier, and net profit for going-concerns attributable to NetEase shareholders was 3.55 billion yuan.

 JingDong's first quarter of 2020 results show: JingDong's first-quarter net revenue of 146.2 billion yuan, the market is expected to 136.66 billion yuan, the same period last year 121.1 billion yuan. GAAP net profit 1.1 billion yuan.

 Baidu's unaudited financial report for the first quarter of 2020 showed revenue of 22.5 billion yuan in the first quarter, down 6.5 percent from the same period last year, and net profit (Non-GAAP) of 3.1 billion yuan;

 In the first quarter,360 reported revenue of 2.25 billion yuan, down 16.74 percent from a year earlier, and net profit of 360 million yuan attributable to shareholders of listed companies.

 Xiaomi Group released its first-quarter results, the company adjusted net profit of 2.3 billion yuan in the first quarter, an increase of 10.6 percent over the same period last year; the revenue of 497 billion yuan, an increase of 13.6 percent over the same period last year.

 Gree from January 1,2020 to March 31,2020, the company realized total operating income of 20.7 billion yuan-22.9 billion yuan, attributable to the listed company shareholders' net profit :1.33 billion yuan-1.71 billion yuan.

 Midea reported in the first quarter of 2020, achieving revenue of 58.013 billion yuan, down 22.86 percent from the same period last year; net profit attributable to shareholders of listed companies was 4.811 billion yuan.

 Haier Zhijia issued a quarterly report for 2020, the company achieved operating income of 43.141 billion yuan from January to March 2020, down 11.09% from the same period last year, and the net profit attributable to shareholders of listed companies was 1.07 billion yuan.

 Beijing and Oriental revenue in the first quarter of 2020 was 25.88 billion yuan, down 2.17 percent from the same period last year; net profit was 567 million yuan, down 46.12 percent from the same period last year, and net loss after deduction of 502 million yuan.

 After simple accounting, above China's top high-tech enterprises total net profit, not to mention the second runner-up's industrial and commercial and construction bank, total profits are combined, even the fourth bank of China is not as good.

Before Chinese injection molding supplier says real estate Revitalization of the State? In this magical land of China, the bank is the real king.

The ultimate gnaw-- A sad, real case

 A man charged with fraud for months hiding his dead mother in a freezer

 Cnmoulding Definition: what is gnawing old age, adults do not work, basically rely on the money of parents to live on the decadent young people, such people in the current poor economic situation, a large number.

  "Then I thought that my mother had died and I had no security and that she had a $4,000 pension a month, and if anyone didn't know my mother had died, I could keep taking her pension.

 When asked why to hide the dead mother in the freezer, Wu answered. As of the case, Wu so fraud pension total 24000 yuan.

 June 14, surging news (www.thepaper.cn) reporter learned from the people's procuratorate in Baoshan District, Shanghai, a few days ago, the hospital to fraud charges against Wu.

 Baoshan District People's Procuratorate introduced, before, the neighborhood committee aunt Zhang found that has not seen sick Fu for several months, she came to the door several times also can not see people send messages also did not reply, always feel something is wrong. One day in November 2019, she and the community police came to Mrs. Fu's house, knocked on the door for half a day, no one responded. Aunt Zhang worried about the old lady alone in the home accident, let the community police inform locksmith. After the lock found that the old lady's son Wu Mou unexpectedly at home.

 Asked why not open the door, Wu Mou very resistant said he did not want to open the door, but also accused the police and aunt Zhang broke into the house, trying to drive them out of the door.

 Police and aunt zhang searched all the rooms, did not see the old lady. Police several inquiries, Wu said that the old lady went home, living in uncle's home. Wu's hesitant appearance, the room is still filled with a stink, let the police and aunt Zhang some alert. At this time, a large freezer in the living room attracted their attention, just when the police ready to open the freezer, was strongly blocked by Wu. Aunt Zhang immediately dials 110. Later, Wu admitted that his mother had died and was hidden in the freezer.

  We explained that the mother was sick and died, had been poor health, in early February 2019 began to collapse in the home, hospital treatment after 10 days after the body improved. Wu according to the mother's will to take her mother home to rest, but also invited a nurse to take care of her mother all day, monthly payment of 9000 yuan. Mother came home after the physical condition is not as good as a day, to later also can not eat, can only eat some fruit and protein powder and other things. At the beginning of April, the mother became unconscious. April 8 nurse found his death, the same day Wu paid wages, the nurse left.

 It was identified that the cause of the death of Mrs. Fu was multiple organ failure on the basis of malnutrition, adrenal cortical adenoma, hypertension, diabetes, and other diseases.

 Asked why the mother was not buried, Wu said:" I was a little sad before the mother's body, thinking about how to deal with her body the next day ." Then I thought that my mother had died and that my life was not secure, and that she had a pension of about 4000 yuan a month, and that if someone didn't know my mother had died, I could keep taking her pension. Considering that the body will rot in the home to produce a bad smell, Wu on the Internet to buy a large freezer, Mrs. Fu's body into the freezer. In order to avoid others see doubt, Wu refused to answer the phone, refused to open the door.

 Then, Wu Mou with his mother's identity card, bank card, the mother's pension of a total of 20,000 yuan to their own account, other accounts in the money were transferred to Wu Mou's name.

 After that, Wu continued to receive her mother's pension until the crime.

 Baoshan District People's Procuratorate, after examination and determination, Wu Mou to illegal possession for the purpose of concealing the truth, fraud pension total more than 24000 yuan, a large amount, the facts of the crime is clear, the evidence is indeed sufficient, fraud to prosecute.

   The public prosecutor said that the social security fund is the common people's "life-saving money ", related to the vital interests of the people, for malicious fraud, false or repeated collection of social security fund illegal and criminal acts, the judicial organs will severely crackdown.

China still depends on infrastructure

The economic downturn, China's economic model is still infrastructure. The release of large amounts of money ultimately pushes up the value of assets
 The bubble of the house price is getting higher and higher, everybody every enterprise has no dream

At the beginning of 2020, a sudden and major new crown epidemic has swept the whole of China, the world economic crisis and the Sino-US trade dispute, which has triggered a great debate and great change in macroeconomic ideas and policies. Economic life has briefly stagnated and all walks of life have been hit hard.
 How can we get out of the quagmire of economic stagnation under the epidemic? How should we overcome the crisis and achieve economic take-off?
 Under this background, the package of expanding consumption, investment and domestic demand led by "new infrastructure" finally wins, becoming the key winner of crisis response and big country competition!
 Chinese economists and researchers have long taken a clear-cut stand to advocate new infrastructure, which has aroused widespread concern in the market and industry discussion. Finally, the new infrastructure has moved from academic discussion to social consensus and national strategy, which has been formally written into the 2020 government work report and become a new engine of China's economy!

Future,5 G、 data center, artificial intelligence, charging pile, urban agglomeration and other areas of new infrastructure development on a large scale, will bring profound changes and major opportunities to all walks of life, to attract the global industrial chain, seize the commanding point of scientific and technological innovation, break the United States strategic containment, and achieve the great rejuvenation of the Chinese nation lay a solid foundation.
 The key to a new round of infrastructure construction lies in the "new ", and it is necessary to promote a new round of infrastructure construction in a way of reform and innovation, rather than to take the old road again, leading to excess waste and the phenomenon of" ghost city ".
 From the historical experience and practical practice," new infrastructure "is a simpler and more effective way to deal with the economic crisis, taking into account the short-term expansion of effective demand and long-term expansion of effective supply, with stable growth, stable employment, structural adjustment, promoting innovation, benefit the people. The United States is over-reliant on quantitative easing, while China is pushing for new infrastructure to turn the corner.

Although traditional infrastructure has changed its name to new infrastructure, CNMOULDING feels pessimistic and look at rising house prices.

210 trillion —— The final madness

 The banknote printing machine didn't stop

   China's central bank recently announced that the M2 balance of 210.02 trillion yuan, the growth rate of 11.1%, the same as last month, and last month and set a new high since 2017.
 The stock of social financing scale is 268.39 trillion yuan, the growth rate is 12.5%, which is a new high since April 2018.
 But the economic growth background is different, the GDP average speed in 2017-2018 is about 6.8% positive, compared with the negative 6.8% GDP the first quarter of 2020.
 In the case of negative economic growth, the printing rate is particularly alarming.

 This is also extremely incompatible with the central bank's M2 and slightly higher targets that match nominal GDP.

The acceleration of Ponzi financing

  In theory, the current printing of money enough to drive the housing stock skyrocketing, the extent of the surge should be close to 2009.

 But the stock market performance is flat, the housing market slightly improved, but the degree of improvement is even less than the first quarter of 2019.

 The metaphor is:

 1) the amount of capital alone can not continue to push up the housing market and stock market, because of high fundamental risks, the formation of capital speculation housing stocks suppression.

 Funds released by 2)M2 Gao Zeng did not enter the housing unit, but did not enter the entity. This represents a large amount of money outside the trading system, and holding money is cost-effective, a large amount of money in the urgent search for opportunities to invest in a certain area of speculation.

 Who will be the next hype area? Rigid-demand consumer goods are most likely, but this may require an opportunity to catalyze the convergence of public expectations and drive capital inflows.

 The consensus is expected to be the beginning of a spiral of inflation.

The final madness of printing money

 Because of the accumulation of risk caused by the long-term rise in asset prices (mainly housing), the M2 increase does not continue to drive asset prices up, but a low increase will certainly drive asset prices to burst.

 M2 the need to maintain higher growth rates does not create additional shocks to asset prices, creating systemic risks, which determines that central banks are motivated not to let M2 slow down.

 But the maintenance of the debt chain requires growth at the banconeri level, which determines that social-finance growth is bound to rise even M2 steady growth.

 February social finance 10.7%, March social finance 11.5%, April social finance 12.0%, May social finance 12.5%, feel the acceleration of social finance!

 Besides speed and scale, the stock of social financing scale at the end of May was 268.39 trillion yuan, of which each dollar needed to repay interest, while GDP negative growth.

 Debt growth and the GDP! of free fall

 Entities have no hope of paying interest on nearly 270 trillion of debt, and only accelerated incremental debt can ease the tension of the debt chain, but printing money has limits, inflation crisis, currency (trust) crisis, exchange rate crisis, are the constraints of printing money.

 Printing money to stimulate the economy, but the cost of printing money has become a stumbling block to real economic growth.

Banknote printing has a stimulative effect on the economy, debt costs have a drag on the economy, the current drag effect has been greater than the stimulus effect, the more the printing of banknotes to suppress the effect of GDP growth been formed in 2012.

 But debt chains without printing money will break and asset bubbles will burst.

 After the mountain top, left to right are down the mountain. The effect is simply to stop printing money immediately jump from the third floor, accelerate printing money delay from the tenth floor.

CNmoulding,, as a revolutionary, innovative, hard-working mold manufacturer and plastic injection molding, even if we work hard, but far from the speed of the central bank printing money, we now work just to eat, no motivation, some motivation is only when to speculate on buying a house.

 Printing money, helpless end run.

The Chinese government is starting to save money!

The Ministry of Finance's "Three Publics" funds were reduced by 55.11%

 On June 11, the Ministry of Finance's website released a statement on the 2020 departmental budget, of which the "three public" budget was 24.4661 million yuan,13.6146 million yuan for going abroad for business,9.7207 million yuan for the purchase and operation of official vehicles and 1.1308 million yuan for an official reception.

 The budget for the "three public" budget is 30.0387 million yuan less than 2019, and 55.11% less. The Ministry of Finance explained that, in accordance with the relevant requirements of the CPC Central Committee and the State Council on the tight days, we should strictly economize on all undertakings and make great efforts to reduce the expenditure on the tasks of going abroad on business, on official vehicles and on official reception expenses.

 As a small mould company, we support the government's provincial expenses, the government's institutional expenses are very large, and now the whole country's economy is not good, so the government should really take the lead and lead us through this difficult time.

Protect Beijing! Protect Shanghai?

In accordance with the relevant provisions of the Frontier Health and Quarantine Law of the People's Republic of China, the Emergency Response Law of the People's Republic of China and the Civil Aviation Law of the People's Republic of China, it is decided to adjust the designated first entry point for international passenger flights destined for Beijing according to the changes in the epidemic situation. It is hereby announced as follows:

 1. Since 00:00(Beijing time) on June 8, Shanghai has been suspended as the first entry point, adding Chengdu, Changsha, Hefei and Lanzhou as the first entry points, and increasing Wuhan as the standby first entry point.

 After adjustment, the designated first entry points for international passenger flights destined for Beijing are: Chengdu, Changsha, Hefei, Lanzhou, Tianjin, Shijiazhuang, Taiyuan, Hohhot, Jinan, Qingdao, Nanjing, Shenyang, Dalian, Zhengzhou, Xi'an and Wuhan, of which Wuhan is the reserve entry point.

 2. The designated first entry point for each airline flight may be consulted on the official website of the Civil Aviation Administration and the airline.

 Passengers on the above-mentioned international flights shall carry out quarantine inspection and go through entry formalities at the first entry point, and clear their luggage. Passengers eligible for quarantine boarding can take the original flight to Beijing. The goods carried in the belly cabin are cleared in Beijing.

 The arrangements for designating the first entry point for international flights destined for Beijing and the relevant measures will be adjusted according to the changes of the epidemic situation.

How many wealthy Chinese know :10 banks 640000 people, per capita assets 15.12 million yuan

 China Merchants Bank's rich customers require total assets of 10 million yuan and above.

With the rapid development of the domestic economy and the rapid increase of social wealth and personal wealth, a "blue sea" composed of high net worth people is attracting banks to add to the private banking business.

 In 2019, the number of customers of listed state-owned and joint-stock banks that have disclosed the operation of private banks increased by more than 10% compared with the beginning of the year, and the scale of management assets increased by more than 9%.

 The total number of customers in 10 banks is 642500, and the total assets under management is 9.71 trillion yuan, with an average of 15.1157 million yuan per private bank customer.

 In addition to the broad market, as far as the business itself is concerned, the characteristics of high marginal contribution, small capital occupation, high quality of assets, and resistance to periodic fluctuations are also the reasons why private banking is favored by banks.

 Private banking generally refers to the business of providing property investment in management and other services to high net worth people. In 2011, the "Measures for the Management of the Sales of Financial Products in Commercial Banks" defined private bank customers as "commercial bank customers with net financial assets of RMB 6 million or more ".

 Banks set different thresholds for private banks. Such as Huaxia Bank, PingAn Bank, Zhejiang Commercial Bank set the total assets "threshold" are 6 million yuan, Industrial and Commercial Bank and Minsheng Bank for 8 million yuan, China Merchants Bank private bank customers require total assets of 10 million yuan and above.

 The 2019 annual report reviews developments in private banking by state-owned and equity banks.

On the whole trend, the number of private bank customers and the scale of asset management in each bank showed rapid growth. In 2019, the number of private bank customers in 10 banks increased by more than 10% from the beginning of the year, and the scale of management assets increased by more than 9%.

 In terms of the number of customers, by the end of 2019, the number of private bank customers of China Construction Bank was 142700, ranking first among 10 banks. Ping An Bank's private bank customers grew fastest, rising 45.7 percent to 43800 in 2019.

 The number of private bank customers of Huaxia Bank is small, but the growth is relatively fast. By the end of 2019, the number of private bank customers of Huaxia Bank was 9800, an increase of 19.6% over the end of last year; the total financial assets of private bank customers were 161.807 billion yuan, an increase of 16.6%.

In terms of the size of private bank customer assets, the total assets of 10 banks are 9.71 trillion yuan, compared with the previous year's asset size calculated according to the growth rate and the 2018 annual report, which is 8.28 trillion yuan, an increase of 17.25% over the same period last year.

 China Merchants Bank, the "king of retail ", has the largest asset management scale of 2.23 trillion private banks, with a growth rate of 9.4%. Industrial and Commercial Bank of State-owned Bank and China Construction Bank are in the second and third place with 1.55 trillion yuan and 1.51 trillion yuan asset management scale respectively. In addition, Bank of China said in its annual report that its private bank customers' financial assets exceeded 1.6 trillion yuan.

In terms of per capita assets, the total number of customers in 10 banks is 642500, and the total assets under management is 9.71 trillion yuan, with an average of 15.1157 million yuan per private bank customer.

 Sub-bank view, China Merchants Bank as of the end of 2019, private banks managed assets of 27.3166 million yuan, in the top 10 banks. Minsheng Bank, ICBC with 18.3767 million yuan and 17.2316 million yuan per capita assets in two or three. China Construction Bank's private banks are at the bottom of 10 banks with 10.5787 million yuan per client.

 China is second only to the United States in terms of the number of rich people, but it has a large population and more poor people. Every time I write these articles, I always remind myself, work hard, do a good job of their own mold making and custom injection molding business, strive to be a rich man.