[Looking at the world] US media: "Raising interest rates will push the US stock market to the cliff"

  China Daily Online, September 23rd This week, the gloom in the financial market became more and more intense.

  The Federal Reserve announced on Wednesday that it would raise the target range of the federal funds rate by 75 basis points to between 3% and 3.25%. This is the highest level since the beginning of 2008, and it is also the third consecutive rate hike of 75 basis points this year.

  Almost all Fed officials expect to raise interest rates to 4%-4.5% by the end of this year. Most Fed officials expect the unemployment rate to rise next year, which means that the risk of economic recession will increase.

  At the same time, Deutsche Bank, the most pessimistic bank on Wall Street, also made a surprising point. Matt Luzzetti, chief American economist at Deutsche Bank, predicted that the Fed’s interest rate hike will end in the first quarter of 2023, when the interest rate will reach 4.9%. This means that interest rates need to be raised sharply at the policy meetings in November and December.

  (Screenshot of the British Guardian website)

  Jerome Powell, chairman of the Federal Reserve, said at a news conference after the announcement of the policy decision: "We must control inflation. I hope there is a painless way to do this. But it is not. "

  The Guardian pointed out that at the annual meeting of central bank governors held in Jackson Hole, Wyoming last month, Powell admitted that economic difficulties were the price that the Fed was willing to pay to control inflation. "High inflation will bring higher interest rates, slower growth and weak labor market conditions, and it will also bring some pain to families and enterprises." .

  (image source AP)

  The Wall Street Journal said that the Fed’s current remarks are the most restrictive in decades. Investors, especially stock investors, may be too lightly.

  Although the interest rate hike is fully in line with market expectations, the US stock market has taken a "crazy roller coaster". With the end of Powell’s speech, US stocks plunged across the board in late trading. At the close of the US stock market that day, the Nasdaq fell 1.79%, the S&P fell 1.71%, and the Dow fell 522. 45 points, down 1.7%, the lowest since June 17th, dragging down the global stock market. Nearly three-quarters of 2022 has passed, and the major American stock indexes are still in a deep trough. The S&P 500 index has fallen by 19% this year, and rising interest rates have eroded the high valuation enjoyed by the stock market for most of the epidemic period.

  In this regard, the Wall Street Journal issued a document saying that "raising interest rates is pushing the US stock market to the cliff."

  (Screenshot of the British Guardian website)

  However, it is not just the stock market that slips into the abyss.

  In terms of the labor market, Powell said that although the economic growth in the United States has slowed down, the relationship between supply and demand in the labor market is still quite tight; The job market continues to lack a balance between supply and demand.

  The confidence of residential builders in the United States fell for the ninth consecutive month in September, falling to the lowest level since May 2020, which further shows that the slowdown of the housing market has not yet bottomed out. According to a lender survey released by Freddie Mac on Thursday, the average interest rate of 30-year fixed-rate mortgages climbed to 6.29%, which is the fifth consecutive week. A year ago, the mortgage interest rate was only 2.88%.

  According to the forecast, the GDP growth of the United States will be only 0.2% in 2022 and 1.2% in 2023. By the end of 2022, the unemployment rate in the United States will reach 3.8% and will rise to 4.4% in 2023.

  (Compile: Cao Yuanqing Tu Wei Li Haipeng)

"Farewell to Lead and Fire": Laser phototypesetting technology for Chinese characters, which makes printing wash away the "lead".

Can you imagine that it took a day or two for a newspaper to go from typesetting to printing in the 1970s? A newspaper’s printing plant alone will be divided into several workshops, such as word casting, typesetting, plate casting, rotary printing, and photo-plate making.

The winter solstice is approaching. "Great course, brilliant achievements-a large-scale achievement exhibition celebrating the 70th anniversary of the founding of People’s Republic of China (PRC)" is still hot less than half a month after it closed.

In the "Reform and Opening-up" exhibition area, the "No.1 in New China: Successful Trial Production of the First Chinese Character Laser Phototypesetting Prototype" is particularly eye-catching. July 27th, 1979, is a milestone for China’s printing industry to change from the past typography to the present laser phototypesetting. In the research room on the first floor of the old library in Peking University, the first eight-size newspaper sample output by the Chinese character laser phototypesetting system was born.

▲ In 1979, China printed the first newspaper sample with the Chinese character laser phototypesetting system. (data picture)

"In the past, word-picking was hard work, and imposition was even more physical work. After filling in the type box, it weighed dozens of pounds, and it took a lot of effort for a young man to move. Old editors know that it is not a big problem to change a word in the newspaper proof, but if one or several words are deleted, it will be in big trouble, and the compositor and the compositor have to face repeated work. " Mr. Du, who came to visit the exhibition, used to be a newspaper reporter. He leaned down and carefully studied the type plate under the exhibition board. "The adoption of laser phototypesetting system has greatly improved the publishing speed and printing quality of newspapers."

This type version also kept Ms. Cheng’s pace of viewing the exhibition. Before retiring, Ms. Cheng taught in a school in Xinxiang, Henan. "In 1987, when I first joined the work, I saw these types in the school printing room. At that time, it was necessary to give the final exam questions at least one month in advance, and it was also necessary to urgently seconde personnel from various departments to help with word picking and typesetting. The printing of a set of test questions was really a force for the whole school. "

▲ In the "Reform and Opening-up" exhibition area, the "No.1 in New China: Successful Trial Production of the First Chinese Character Laser Phototypesetting Prototype" is particularly eye-catching, and four precious physical exhibits are displayed in the showcase below. (The picture comes from the online exhibition hall celebrating the 70th anniversary of the founding of People’s Republic of China (PRC).)

The reporter of China Reform News and Reform Net noticed that four precious physical exhibits were displayed in the showcase, namely, the first sample book "Sword of Wu Hao" printed by the Chinese character laser phototypesetting system in 1980, the Huaguang II system phototypesetter in 1985, the last stereotype of Economic Daily on May 21, 1987, and the newspaper film printed by the Economic Daily laser phototypesetting system. A glorious course of printing technology reform is slowly presented to the audience.

At the beginning of the last century, the west took the lead in adopting "electronic phototypesetting technology", but the printing and publishing industry in China still followed the typography and printing of "melting lead with fire and casting words with lead". Therefore, in August 1974, New China established the national key scientific and technological project "Project 748" to develop a Chinese character information processing system. The most difficult step is to get precise Chinese characters into the computer.

▲ Wang Xuan and his wife Oscar Chan? ? , the best partner in career. (data picture)

Wang Xuan and his wife Oscar Chan, who were still teachers in Peking University at that time? ? , participated in the research of this project. In 1975, Wang chose the unique method of "parameters represent regular strokes and contours represent irregular strokes", which greatly compressed several gigabytes of Chinese font information and stored it in a computer with only a few megabytes of memory. This is the first time that New China has stored precise Chinese characters in a computer in the world. After four years of continuous research, Wang Xuan’s team successfully exported Chinese characters from the computer by using the advanced laser phototypesetting technology at that time.

In August 1984, the domestic laser phototypesetting system was tried in Xinhua News Agency, but the operation of the phototypesetting machine was not smooth. The following year, Huaguang II system successfully passed the national acceptance and appraisal of the pilot test in Xinhua News Agency, realizing the practicality of laser phototypesetting, and produced 8 systems in total.

▲ In 1985, the experimental workshop of Xinhua News Agency printing plant. (data picture)

On May 22, 1987, all four pages of Economic Daily were laser-typeset, and the world’s first Chinese newspaper with computer screen assembly and full-page output was published, becoming the first newspaper in China to abolish lead typesetting. By the end of 1987, there were 48 systems in operation in China, which realized the productization of laser phototypesetting.

By 1993, famous European, American and Japanese manufacturers who came to China to develop and sell phototypesetting systems all withdrew from the China market. 99% of domestic newspapers and more than 90% of black and white books and periodicals adopted domestic laser phototypesetting systems with Wang Xuan technology as the core, which made Chinese character printing "bid farewell to lead and fire and usher in light and electricity" and created conditions for the spread and development of Chinese characters and Chinese civilization in the Internet age.

▲ The achievement exhibition builds a hero model wall with a node every ten years. The picture shows the hero model wall from 2000 to 2009. (The picture comes from the online exhibition hall celebrating the 70th anniversary of the founding of People’s Republic of China (PRC).)

It is worth noting that the achievement exhibition builds a wall of heroes and model figures every ten years, focusing on the historical achievements of heroes and model figures. On the wall of heroes and model figures from 2000 to 2009, Wang Xuan, the "father of Chinese character laser phototypesetting", was among them. He presided over the successful development of Chinese character information processing and laser phototypesetting system and Founder color publishing system, which were widely used and realized the technological revolution of China’s publishing and printing industry.

In the 21st century, e-book system based on digital copyright protection technology has been applied, and we have become accustomed to using mobile phones and computers to process Chinese information. The type used in printing in the past has evolved into a "cultural symbol".

A middle school student who came to visit the exhibition told the reporter that not long ago, she and her friends went to the bookstore to experience the principle of movable type typesetting and letterpress printing machine, and also framed the lines printed with movable type. "I feel that it used to be slow, and it is the imprint of the times that is sealed with the poetry."

(China Reform News, Reform Network reporter Fu Chaohuan)

Original title: Chinese character laser phototypesetting technology: let printing wash away "lead" China-from the 70th anniversary large-scale achievement exhibition to see the industrial transformation of China’s printing industry "farewell to lead and fire"

"Bomb Locker 2" is announced to be released in July, with Andy Lau, Qingyun and Ni Ni playing


1905 movie network news On January 21, it was announced that the movie would be released in July 2020, and a pilot trailer was exposed. Although it was only 15 seconds long, the explosion scene was more shocking than the previous one. At the end of the trailer, a large number of planes were almost engulfed by fire. In addition to the more shocking scene, the cast was also fully upgraded this time. In addition to Andy Lau, Liu Qingyun, and Ni Ni also joined "Bomb Locker 2". At the end of the trailer, the scene of Andy Lau pointing a gun at Liu Qingyun is even more imaginative.

Released three years ago, with its strong word-of-mouth, it won the domestic box office championship of the May 1st film that year, and won 7 nominations at the 37th Hong Kong Film Awards. This time, "The Bomb Locker 2" is still the original cast, produced by Andy Lau and directed by Qiu Litao. Previously, Qiu Litao and Andy Lau cooperated and won 1.30 billion box office in one fell swoop, opening a good start for the entire summer. These two high-reputation and high-box office collaborations can’t help but make people look forward to "The Bomb Locker 2".

 

The story is brand new, the characters are complex Andy Liu Qingyun will cooperate again after 18 years


It is reported that the movie "Bomb Locker 2" tells a brand new story – a bombing in a place in Hong Kong, and the former bomb disposal expert Pan Chengfeng (Andy Lau, played) is suspected by the police because he is unconscious at the scene. After waking up, Pan Chengfeng has memory loss and can only find out the truth while fleeing. However, his friend Dong Zhuowen (Liu Qingyun, played) and his ex-girlfriend Pang Ling (Ni Ni, played) tell him a completely different memory. The planned bombings happened one after another, but the truth became increasingly mysterious.

At the end of the trailer, Pan Chengfeng pointed his gun at Dong Zhuowen. Are the two enemies or friends? The bomb crisis that takes every second and the relationship between good and evil makes it difficult to predict the direction of the plot. It is reported that this is also the cooperation between Andy Lau and Liu Qingyun again after a lapse of 18 years. The two movie winners are very much looking forward to it. At the same time, this is also the first time that Ni Ni has played the role of a police officer. In the trailer, Ni, who is wearing a police uniform, is heroic and stunning.

 

Field view of world landmarks The blasting scene has been fully upgraded


When the first installment of "The Bomb Locker" was released, a large number of thrilling explosions and live bullets left a deep impression on the audience. In "The Bomb Locker 2", both the scenes and special effects will be upgraded in an all-round way compared to the previous installment.

It is understood that the highlight of the film was filmed on-site at a world landmark building in Hong Kong. The grand scenes and explosive special effects also increased the workload of the crew. In order to present the best effect, the film post productin will last for 10 months. In the trailer, from the instantaneous explosion in a small space to the shaking of the earth’s crust in a large scene, two or three shots create a strong visual impact, which makes people look forward to the film.

 

Most Anticipated Hong Kong Film Retrieve the classic police action movie memories


The release of "The Bomb Locker" in 2017 has achieved good results in both word-of-mouth and market performance. Andy Lau, who "protects life with life" in the previous work, has brought countless blood and touching to everyone, and has also made many viewers confess that they have regained the feeling of watching Hong Kong police and gangster movies.

In "The Bomb Locker 2", there will be more episodes where the enemy and the enemy are inseparable, the police and bandits confront each other, and the fighting scenes will be more exciting and enjoyable. At the same time, there will also be more familiar faces to join, such as Xie Junhao, Ma Yuke, Hong Tianming, Huang Debin and other powerful actors. Jiang Haowen, Wu Zhuoxi, Cai Hanyi, Zhang Junjie and others who have performed brilliantly in "The Bomb Locker 2" will also return. I believe that in the summer of 2020, they will bring a sincere work to the audience.


Spring Festival travel rush’s return peak was affected by blizzard weather, and Hubei Air Traffic Control made every effort to ensure smooth roads.

Wuhan Meteorological ObservatoryThe orange warning of blizzard was issued at 0: 00 on February 7th. By 12 noon on the 7th, the average depth of snow in Wuhan Tianhe Airport had reached 12 centimeters, which had a certain impact on flight operation. This round of snow and ice weather is at the peak of the return trip after the Spring Festival holiday. The impact of heavy traffic and bad weather leads to arduous and complicated flight support tasks. Hubei Air Traffic Control Branch takes snow as an order and takes many measures to do a good job in flight support in Spring Festival travel rush under the snow and ice weather.

Before the arrival of this round of snow and ice weather, the Meteorological Observatory of Hubei Air Traffic Control Branch organized personnel to hold a weather consultation in advance, accurately analyzed and judged the time, scope and influence degree of the snowfall according to the meteorological cloud picture and collected meteorological data, and timely transmitted the results of the weather consultation to airlines, airports and air traffic control operation departments, so that all units and departments had enough time to prepare for the snow and ice weather.

After receiving the warning of ice and snow weather issued by the meteorological department, the control and operation department of Hubei Air Traffic Control Branch quickly took action, requiring front-line departments to formulate flight support plans in ice and snow weather according to their respective work characteristics, reasonably open control sectors, and ensure that air traffic flow is fully diverted. At the same time, the duty force is arranged in advance to ensure that the workload of duty personnel does not exceed the specified load under the condition of large flow, so as to better ensure operational safety.

In view of the fact that the runway and taxiway of Wuhan Tianhe Airport were covered with snow, Hubei Air Traffic Control Branch actively coordinated with Tianhe Airport to remove snow and ice from the runway. Due to the snow on the runway, Wuhan Tianhe AirportFrom 2 am on the 7th to 8 am on the 7th, the west runway was opened for operation after snow removal, and the east runway was closed due to snow removal. By 12 noon on the 7th, the snow removal work was also completed on the east runway of Tianhe Airport, and Tianhe Airport returned to the dual runway operation mode. In view of the delay of some flights caused by snow and ice, Hubei Air Traffic Control Branch timely coordinated the flight release order with airlines and the Transportation Management Committee, and actively coordinated with relevant units to cancel various traffic restrictions to ensure the orderly and efficient departure of take-off flights.

Flight operation guarantee in snow and ice weather is an important part of Spring Festival travel rush guarantee of air traffic control system. In view of the increase of bad weather such as snow and low visibility during Spring Festival travel rush, all front-line operation departments of Hubei Air Traffic Control Branch carefully planned and actively responded. The control and operation department of the sub-bureau organized each operation department to formulate corresponding working procedures according to their own operation characteristics, and organized all controllers to study and assess. Before the arrival of winter, simulator exercises of ice and snow and low visibility weather were added in daily training to improve the control skills of frontline controllers in bad weather. The meteorological offices of the sub-bureaus carry out emergency drills in advance, carry out routine projects on a monthly basis to consolidate the skills of forecasting and observation, and carry out specific projects as needed to improve the skill level, so that all the drills can be close to reality. The technical support department of the sub-bureau took the initiative to carry out the relevant equipment support work in a solid and orderly manner from the details, and formulated the ice and snow weather inspection report system, requiring all departments and remote stations to strengthen the inspection of station safety and computer room environment in ice and snow weather, and report in time as required to effectively implement the hidden dangers in the computer room in ice and snow weather.The "zero report" system has effectively resolved the security risks.

byAt 14: 00 on February 7, Hubei Air Traffic Control Branch guaranteed 90 take-off flights and 81 landing flights that day. Subsequent Hubei Air Traffic Control Branch will continue to carry forward the spirit of "bravely shouldering heavy burdens and overcoming difficulties", go all out to do a good job in ensuring every flight, actively practice the spirit of contemporary civil aviation with practical actions, and contribute to the smooth travel of the general public.

Reporting/feedback

The Ministry of Industry and Information Technology issued new regulations on App management! Prohibit "forced binding" and "silent download"

  On February 27th, the Ministry of Industry and Information Technology issued the Notice on Further Improving the Ability of Mobile Internet Application Services. The Notice puts forward specific measures to improve users’ service perception from the aspects of standardizing installation and unloading and strengthening personal information protection. The main points are as follows ↓

  Standardize the installation and unloading behavior

  ■ Recommending downloading apps to users should follow the principles of openness and transparency.Do not cheat and mislead users to download and install by means of "stealing the beam and replacing the column", "forced binding" and "silent download".

  ■ When users browse the content of the page, they are not allowed to download the App automatically or forcibly without the user’s consent or active selection, or force users to download and open the App by folding display, active pop-up, frequent prompts, etc., which will affect users’ normal browsing of information.

  ■ Without justifiable reasons,Do not download.AppBinding with reading the content of the web page.

  ■ In addition to the basic functional software,AppShould be easy to unload,Do not maliciously obstruct the user from uninstalling by means of blank name, transparent icon, hidden background, etc.

  Optimize the service experience

  ■ The information window of screen opening and pop-up window provides a clear and effective close button,Ensure that users can close it conveniently.

  ■ Do not pop up the window frequently to interfere with the normal use of users, or use "full-screen heat map", high-sensitivity "shake" and other ways that are easy to cause false triggering to induce users to operate.

  ■ Clearly express product functional rights and tariffs, etc.If there are additional conditions such as membership opening and fees, it should be clearly indicated.

  ■ If the service is provided by automatic renewal or automatic renewal, the user’s consent shall be obtained, and it shall not be checked by default or forced to be bundled.

  ■ Remind users by SMS, message push, etc. 5 days before automatic renewal and automatic renewal.During the service period, it provides convenient ways to unsubscribe at any time and automatic renewal and automatic renewal cancellation.

  Strengthen the protection of personal information

  ■ Personal information processing activities should have a clear and reasonable purpose.Users should not be forced to agree to personal information processing behavior that is beyond the scope or irrelevant to the service scenario only on the grounds of service experience, product development, algorithm recommendation, risk control, etc.

  ■ When a user refuses to provide personal information that is not necessary for the current service, it shall not affect the user’s use of the basic functions of the service.

  ■ Inform users of personal information processing rules in a concise, clear and easy-to-understand way.In case of any change, users should be informed of the latest situation in time.

  ■ Highlight the purpose, method and scope of handling sensitive personal information, and establish a list of collected personal information.Users shall not be induced to agree to the personal information processing rules by default checking, reducing text or lengthy text.

  ■ When calling the terminal photo album, address book, location and other rights, synchronously inform the user of the purpose of applying for the rights.

  ■ Without the user’s consent, the user’s unauthorized permission status shall not be changed.

  Respond to user demands

  ■ Encourage Internet companies.Establish a customer service hotlineMajor internet companies publicize the telephone number of customer service hotline in a prominent position on websites and apps.Simplify the manual service transfer procedure.

  Encourage the improvement of the response ability of customer service hotline, and the maximum monthly response time is 30 seconds.The response rate of manual service is over 85%.

  ■ Publish effective contact information and accept user complaints.Respond to complaints on the internet information service complaint platform according to the requirements of the specification,Ensure that the processing is completed within 15 days.

  ■ Encourage the setting of user satisfaction evaluation links in the App to guide users to participate in the evaluation.

Wanda, suddenly!

On December 20th, a reporter’s inquiry revealed that several industrial and commercial changes have taken place in Chifeng wanda plaza Co., Ltd. (hereinafter referred to as Chifeng Wanda) and Jinjiang wanda plaza Co., Ltd. (hereinafter referred to as Jinjiang Wanda).

Dalian Wanda Commercial Management Group Co., Ltd. (hereinafter referred to as Wanda Commercial Management), the original wholly-owned shareholder of the above two companies, withdrew and a wholly-owned shareholder Kunhua (Tianjin) equity investment partnership (limited partnership) was added (hereinafter referred to as Kunhua Investment).

The penetration of equity shows that the executive partner of Kunhua Investment is CICC Capital Operation Co., Ltd. and the limited partner is New China Life Insurance, and the shareholding ratio of the latter two is 0.1% and 99.9% respectively.

Two wanda plaza business entities were transferred.

An eye survey shows that on December 17th, several industrial and commercial changes occurred in Chifeng Wanda. The wholly-owned shareholder was changed to Kunhua Investment, and the senior managers added Wang Xuan, Zhi Xiaoke, Zhou Chunhao, Zhu Xin, and Hou Hongjun withdrew.

On December 18th, a number of industrial and commercial changes occurred in Jinjiang Wanda. The wholly-owned shareholder was changed to Kunhua Investment, and Dong Jiangao added Wang Xuan, Zhi Xiaoke, Zhou Chunhao and Zhu Xin.

Jinjiang Wanda and Chifeng Wanda were established in October, 2010 and December, 2011, respectively. Before that, they were the main bodies of Wanda Commercial Management in Jinjiang and Chifeng respectively.

Official website, Wanda Commercial Manager, shows that wanda plaza in Jinjiang, Quanzhou is the only wanda plaza in Jinjiang City, which opened in August 2012 with a commercial area of about 202,600 square meters.

Source: Wanda Commercial Management official website

There are two wanda plaza in Chifeng, namely, wanda plaza in Chifeng Hongshan and wanda plaza in Chifeng Songshan, which opened in June 2014 and August 2021 respectively, with commercial areas of 171,600 square meters and 126,100 square meters respectively.

Source: Wanda Commercial Management official website

According to Wanda Commercial Management, the groundbreaking ceremony of the first wanda plaza in Chifeng City was held in April 2012, with a total investment of about 7 billion yuan, which is the masterpiece of Wanda’s third-generation commercial real estate city complex.

Insurance funds once again took over Wanda assets.

To sum up, Kunhua Investment has been one of the main carriers for New China Life Insurance to take over Wanda’s assets.

An eye survey shows that the original wholly-owned shareholder of Kunhua Investment was Kunyuan Chenxing (Xiamen) Investment Management Consulting Co., Ltd. (hereinafter referred to as Kunyuan Chenxing), but the latter withdrew in January. Immediately, the shareholders of Kunhua Investment were changed to CICC Capital Operation Co., Ltd. and New China Life Insurance.

On April 11th and July 1st, Kunhua Investment and Kunyuan Chenxing received 100% equity of Beijing wanda plaza Industrial Co., Ltd. and 100% equity of Yantai Zhifu wanda plaza Co., Ltd. respectively.

Since then, Kunyuan Chenxing has not acquired the equity of Wanda’s companies, and Kunhua Investment has successively acquired 100% equity of Nanjing Wanda Mao Investment Co., Ltd., Chengdu Wanda Commercial Plaza Investment Co., Ltd., Jinjiang Wanda, Chifeng Wanda and other companies.

According to statistics, Kunhua Investment has acquired the shares of six Wanda Commercial Management companies, and all of them have achieved holding.

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Original title: "Wanda, sudden! 》

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