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The real estate broker war is just around the corner, and the C position of the shell is in danger？ ｜ Depth

Source: Wumian Finance
Author: Chen Xinmiao
Editor: Lei Zhizhi
Design: Budong
Editor’s Assistant: Zhu Zhiqi
The real estate brokerage market is surging.
Who would have expected that Ke Holdings Inc. (NYSE：BEKE, hereinafter referred to as "Shell"), which has been controversial all the way, could become the darling of capital. Since its listing in August 2020, its share price has been rising all the way, and its market value once reached 600 billion yuan. Today, its market value is still as high as 560.674 billion yuan (US$ 86.522 billion), killing a number of leading real estate enterprises such as "Bi Rong Wan Heng" and firmly taking the first place in the industry.
▲ Ke Holdings Inc. rings the bell, and the market performance is unexpectedly good. The picture comes from the internet.
At the beginning of the shell’s birth, it was impossible to sit still in the same city, but it seemed like another scene. In 2019, 21st Century Real Estate and Zhonghuan Internet have turned their backs on each other. By the end of 2020, World Bank announced in a paper that it had withdrawn from the new house joint sales platform 58 Aifang together with the same policy consultation. In the past, the "anti-shell alliance" was a mess.
58 series has fallen into the wind, but in the face of the fierce growth of shells, the Internet, developers and other capitals rushed into the "blue ocean" of the real estate trading market. Much attention has been paid to the online real estate trading platform "Tmall Good Room" launched by Yiju and Ali, with the intention of providing the industry with another choice besides shells; Evergrande acquired companies and stores on a large scale, and set up RV Bao Group to benchmark shells. The future journey is trillions of valuation, packaging and listing.
In the face of crisis and temptation, the forces of all parties are changing, and the smoke of war has already filled the air.
Shell alone according to c position"We are making a stadium, and more and more people want to play football here, and the rules are getting better and better." Zuo Hui once described shells with football. In his view, the nature of the industry is changing, and what shells do is to rebuild the ecology of the whole industry centered on store managers and brokers.
To a large extent, the shell’s confidence comes from the real estate dictionary and ACN (broker cooperation network) two methodologies. These are the two moats that the chain used to be, and now they have become the bottom rules for real estate brokerage brands to settle in shells.
Under the platform rules, the real estate transaction process is divided into multiple links, and brokers are encouraged to cooperate with each other, participate in different links and share the benefits; Brokerage brands on the platform can share all real listing information indiscriminately.
▲ Shell’s ACN network splits the real estate transaction process into multiple links, in which various roles play different roles. Image from late LatePost.
You know, before the shell, there were no rules in the extensive development of the real estate brokerage industry, and the shell was undoubtedly the one who ate crabs. Different from the ordinary internet platform, Shell tries to define the basic measures of house transaction in a closed-loop intercommunication mode, which strongly controls the rules of the platform, and intends to strengthen the information interaction of brokers and improve the transaction efficiency.
But the controversy of "being both an athlete and a referee" also comes from here, and shells need to prove themselves urgently. However, at present, the shell model has worked.
Switching from direct operation and franchise mode to platform mode, in just over two years, Shell has been attacking the city, and entered the capital market in August 2020, becoming the largest real estate transaction and service platform in China, with a GTV of 2.13 trillion yuan (the total transaction volume of the platform) second only to Alibaba in China.
After listing, the shell scale effect is still expanding. In the third quarter of 2020, the GTV (total trading volume of platforms) reached 1.05 trillion yuan, an increase of 87.2% year-on-year; The operating income was 20.5 billion yuan, a year-on-year increase of 70.9%. In the first three quarters, the accumulated GTV and revenue of the shell platform have exceeded 2.13 trillion yuan and 46 billion yuan in 2019.
Looking at the industry, shells are also far ahead. Based on the national housing transaction volume, the market share of shells in 2019 was 9.5%, while the market share of mainstream brokerage companies represented by Zhongyuan Real Estate, I Love My Family and Leyoujia was only 4.3%, 1.9% and 1.3% respectively.
In addition to scale, cross-store brand cooperation and store efficiency are also data that Shell is willing to share with the outside world, which proves that its rules are effective.
From 2018 to the first half of 2020, the number of non-chain stores increased from 8,136 to 34,547, and the number of brokers increased from 60,900 to 321,800, which has achieved significant growth since the birth of the shell (April 2018). According to CIC report, in 2019, the single-store transaction volume of shell platform was 1.6 times that of the industry, and 70% of the stock house transactions came from cross-store transactions.
During this period, real estate brokerage brands such as 21st Century Real Estate, Central Real Estate and Dwelling House settled in Shell. In addition, after the restart of the franchise brand Deyou, it is also attracting small and medium-sized intermediary brands from all over the world.
Taking the Wuhan market as an example, according to the "Prism" news, Xie Juan, the chairman of Wuhan Fangrong Company, said that in early 2019, the company’s three major brands had more than 600 stores, and under the strong attack of Shell, nearly 200 stores were lost in September.
However, the shell that occupies the super C position in the industry is facing the torture of whether it will become an industry monopolist.
For example, in September 2019, representatives of 100 real estate agencies in Jinhua, Zhejiang Province jointly signed the Anti-Shell Alliance Treaty, and 530 stores in the alliance shouted "Oppose monopoly and resist unhealthy competition"; In April 2020, 100 intermediary companies in Yancheng, Jiangsu Province also rebelled against the shellfish system on the grounds of "resisting bad competition".
58 alliance collapseCompared with the highlights of shells, the "anti-shell alliance" initiated by 58 cities in the past is now an exit, and the momentum of defection is not as good as before.
The real estate information platform under the same city is an important source of revenue. But the shell moving from offline to online undoubtedly moved its cheese.
To this end, in June 2018, 58 cities launched a real estate alliance, wooing brokerage brands such as I love my family, Zhongyuan Real Estate, 21st Century Real Estate China, and Zhonghuan Internet, shouting "58 will never be self-employed" and pointing to shells; Ten days later, 58 City became a strategic shareholder, I love my family, and the curve cut into the real estate agency industry.
▲ The swearing-in meeting on the platform of Yao Jinbo Zhang Luo and Zhongzhong Brokerage Company pointed out that the opponent was naturally the shell that was not present. The picture comes from the internet.
However, the "anti-shell alliance" is not solid, but more like a rush to hold a group when facing the unknown new thing of shells. Less than a year after the alliance, the real estate in the 21 ST century will "surrender" to the shell; In the same year, Central Internet and I love my family, but they failed to reorganize, and turned to cooperate with Shell.
Nearly 9,000 stores under the two brand brokerage companies have entered the shell, which is undoubtedly a heavy blow to 58 cities. According to media reports, since 2019, in order to prevent more intermediary companies from accessing the shell system, 58 cities have spared no effort to ban "shell takers", and the "two-choice-one" dispute has intensified in the intermediary industry.
In 2020, the number of allies in 58 cities will continue to decrease. Prior to this, in 2019, 58 cities, World Bank and Tongce Consulting jointly established the new house joint selling platform 58 Aifang, with the intention of grabbing the new house distribution market with platforms such as Shell and Yiju. However, by the end of the year, World Bank and Tongce Consulting both withdrew and transferred 55% of their shares in 58 Aifang to 58 cities.
Behind the "breakup" is the continuous loss of 58 love houses. According to the announcement of World Bank, the competition in the field of new house joint selling platform is fierce, and it is still in the early stage of investment and loss. In 2019, Shanghai Geng Ying Net (the operating entity of 58 Aifang) lost 95.74 million yuan; From January to September 2020, the net loss further expanded to 172 million yuan.
Jiang Han, a senior researcher at Pangu think tank, believes that there is no way to evacuate Tongce and World Bank. For the whole market, 58 Aifang has not formed its own hematopoietic mechanism and relatively strong market competitiveness. The final result is that the participants have not gained their sense of belonging and hope for market development.
Not only that, I was particularly active in the process of shelling shells. I publicly stated that "the platform that is both online and offline is not acceptable to us in business ethics and operational logic". I love my family and was reduced by 58 cities in August last year. After the reduction, the shareholding ratio of 58 cities will be reduced to 4.99%.
Although the gambling was successfully completed, I love my family’s scale expansion in recent years, and the scale of channels and houses is far less than that of shells. There are tens of thousands of stores and trillions of transactions with Shell, and I love my family. These two indicators are still in the stage of hundreds of billions.
Teammates defected, the alliance split, and allies didn’t give strength. So it seems that 58 cities have already fallen behind in this platform dispute provoked by themselves.
However, 58 cities are still sticking to their teeth. Its CEO Yao Jinbo once publicly compared Apple and Android phones to Shell and 58. "It is hard to say that Apple phones are open platforms, but Android phones are open platforms and can be produced by many people."
On the occasion of the listing of shells last year, Yao Jinbo, CEO of 58 City, wrote in a circle of friends: "Today, shells are listed, and congratulations are extended to General Manager Zuo Hui. But responsibly speaking, we believe that the open platform Android will be greater than closed, and 58 Anjuke will enter/empower the industry in all directions after delisting! "
In addition, 58 love houses has become a channel for 58 cities to compete for intermediary resources. According to Tianyancha data, 58 Aifang actually controls 193 companies, most of which are local intermediary brands, including Chongqing Home, Guangxi Youju, Changsha Seagull, Wuhan Nuojia and Anhui Zhongshu Real Estate.
The giant is a powerful spoiler.In the face of crisis and temptation, housing enterprises and Internet tycoons can’t sit still.
It is hard to imagine that the shell from the hard work of the intermediary can create a market value of over 500 billion yuan, which is undoubtedly a huge impact on the high-ranking housing enterprises in the past. When most housing enterprises are facing channelization, shell’s right to speak is also increasing. According to the third quarterly report of 2020, the transaction volume of shell new houses increased by 105% year-on-year to 420.7 billion yuan, and the revenue of new houses has surpassed that of second-hand houses.
Evergrande took the lead in rushing out of a group of real estate enterprises, launched RV treasures and benchmarked shells, with the ultimate goal of listing.
At the end of December last year, Xu Jiayin officially unveiled RV Bao Group, and announced its three major departments: RV Bao National Brokerage Platform, RV Bao Platform and RV Bao SaaS Management Platform, covering transactions of new houses, second-hand houses, new cars and used cars, as well as home improvement and car user services.
The growth of RV Bao began with a large-scale collection of intermediaries, and the path was huge subsidies. "I give you money and you give me traffic resources; I don’t want your money, but you have to obey the management and we will go public together, "RV Bao wrote in the cooperation mechanism.
The speed soon appeared. According to the data of Evergrande, RV Bao Group was reorganized and established by Evergrande and 152 intermediaries in the second half of 2020. At present, there are 30,635 offline stores with an annual transaction scale of 1.2 trillion yuan. In contrast, the corresponding data of shells are 42,000 and 2.1 trillion.
According to the blueprint drawn by Evergrande, the valuation of RV Bao will reach 6 trillion yuan in 2023 and it will be listed in 2024. And RV Bao now values itself at 67.7 billion yuan.
At present, most of the RV treasures are Evergrande’s houses, and it is not known whether it can become an open platform in the future. However, the market space left for RV Bao is still very large.
According to CIC report, the total amount of real estate transactions in China will reach 30.7 trillion yuan in 2024, and the compound growth rate from 2019 to 2024 will reach 6.6%. Although shells are strong, their market share is less than a quarter at present.
This point has also been taken seriously by Internet giants such as Alibaba, JD.COM and ByteDance.
Shortly after the shell went on the market, Ali joined hands with E-House to launch "Tmall Good House" and launched the real estate transaction cooperation mechanism (ETC), providing four trading scenarios: new house, second-hand house, special room and auction room, with more than 60 real estate enterprises such as Vanke, Country Garden and Evergrande as their platforms.
According to the plan, Tmall Haofang will not make money for at least the next three years, and all income will be 100% subsidized by buyers.
Zhou Xin, chairman of Yiju, believes that the traditional brokerage industry is fragmented, and the appearance of shells provides the first choice for the industry, while Tmall Haofang provides another choice for institutions and brokers who are unwilling to be bound by too many rules. "I don’t think there is right or wrong, it’s just a matter of choice."
But then the war started. Last year’s Double Eleven, Tmall Good Rooms and Shells concentrated on the promotion of new houses. From the open battle report, Tmall Haofang entered 236 cities through cooperation with 302 developers, with a GTV of over 93.1 billion yuan. In contrast, Ke Holdings Inc. only claims to cooperate with 90% of the top 100 housing enterprises, with a GTV of less than 36.8 billion yuan.
In addition to Ali, JD.COM is also making efforts. During the Double Eleven last year, it opened more than 800 "Haofang Jingxuan" stores in Guangzhou, Dongguan, Huizhou and Tianjin.
Hu Jinghui, chief economist of Jinghui think tank, believes that compared with the loose defensive alliance form before, all the new entrants have the support of big capital, and with the influx of various forces, one or two forces that can really fight against shells may be formed in the future.
In the process of competition among all parties, scattered small and medium-sized brokerage companies are more likely to become the target of poaching. According to the data of Qianwei.com, 70% of small and micro intermediaries have completed more than 50% of the transaction volume in the second-hand housing market.
Ping An Securities pointed out in its research report that under the demands of the head office to scale up and expand channels, the expansion speed of the heavy asset direct sales model is limited, and the light asset platform joining model has become an important means of scale growth, and the competition for resources of small and medium-sized stores in the region is becoming increasingly fierce, driving the industry concentration to accelerate, showing a situation of strong and strong.
Reporting/feedback

Employment, house purchase, stock trading … Ten predictions for the second half of this year’s economy are closely related to you.

　　Editor of Economic Daily-China Economic Net: In 2020, the second half of China’s economy has begun, and the next performance has attracted much attention. Can the employment target be achieved in the second half of this year? What will be the trend of the property market? Will retaliatory consumption appear? … … For these economic hot issues that the society cares about, the Financial Research Center of Bank of Communications released "Born Inward — — Macroeconomic and financial outlook for the second half of 2020 was analyzed and predicted.

　　Employment: The annual target of 9 million yuan can be achieved.

　　According to the report, with the obvious acceleration of the resumption of work and production and the targeted support of policies, it is still relatively certain to achieve the goal of 9 million new jobs set by the government throughout the year. First, focus on supporting the employment of key groups and ensuring new jobs. The second is to focus on supporting small and micro enterprises to reduce unemployment. The third is to develop emerging industries and promote flexible employment. Fourth, strengthen training, expand the number of recruits, ease employment pressure and improve the quality of the labor force.

　　GDP: The economy can achieve positive growth throughout the year.

　　As for the GDP growth rate, the report predicts that the economic growth rate in the second half of the year will be significantly faster than that in the first half of the year. The development of the global epidemic and the recovery of external demand will have an impact on China’s economic operation. Under the benchmark scenario, the economic growth in the third quarter recovered to about 6%, and the annual economic growth rate was about 2.5%. Under the pessimistic scenario, the global demand has been significantly weakened by the repeated epidemic, and the economic growth rate in the third and fourth quarters is still low, with the annual economic growth of about 1%; Under the optimistic scenario, the global epidemic quickly disappeared, the external demand resumed and the domestic active policies were effective, and the economic growth rate rebounded significantly in the third and fourth quarters, with an annual economic growth of about 3.5%.

　　Consumption: there will be no retaliatory consumption, and a moderate recovery can be expected.

　　Will retaliatory consumption appear in the second half of the year? The report doesn’t think it will appear. First, the epidemic has brought a serious impact on outdoor consumption, second, the epidemic has brought an impact on employment, and third, China’s rescue policy has little support for families and individual residents. As the epidemic subsides and production and life return to normal, the recovery of consumption in the second half of the year can be expected, and the consumption varieties may be divided: the consumption of anti-virus products such as medicine, disinfectant and toiletries increases rapidly; Necessary consumer goods, such as daily necessities and electronic products, which are less affected by the epidemic have recovered quickly; Consumption related to real estate and automobile industry chain has gradually improved; The recovery of service consumption may be slow.

　　Investment: Focus on "New Infrastructure"

　　The report predicts that the annual infrastructure investment will increase by 8%. Fiscal and monetary policies focus on targeted support, and infrastructure investment focuses on "new infrastructure". Traditional infrastructure investment will also accelerate, but the intensity may be limited. The downward trend of market interest rate and the decline of financing cost of housing enterprises may support the gradual acceleration of real estate development investment. As the lack of speculation in housing indicates that the real estate control policy will not be relaxed, it will restrict the growth rate of real estate development investment, which is expected to increase by 5% throughout the year. The investment in high-tech manufacturing and equipment manufacturing has a good growth momentum, but the weakening of external demand has a great impact on export-oriented manufacturing. The investment prospects of traditional manufacturing industries are not good, and the operating pressure of enterprises is increasing and profits are narrowing, which will seriously affect the investment expectations of manufacturing industries. The negative growth trend of manufacturing investment may remain for some time, and it is expected to increase by -4% for the whole year. It is estimated that the annual investment will increase by about 3.1%.

　　Bond market: short-term fluctuations do not affect the medium-term trend.

　　The report pointed out that the fluctuation of short-term bond market is mainly disturbed by factors such as the marginal slowdown of monetary policy easing. From the medium-term logic point of view: the current marginal slowdown of monetary policy operation is not a monetary policy shift, and the recovery of the real economy has just begun and the long-term growth pressure is still great. The withdrawal of policy strength from the emergency mode during the anti-epidemic period is a short-term disturbance. In the second half of the year, under the control of the central bank’s "moderate money+wide credit", the money market interest rate SHIBOR and other probabilities are still "fluctuating" at the bottom. Although the bond market yield is difficult to show a sharp trend, the overall sharp rebound in the second half of the year does not have the driving foundation of liquidity fundamentals.

　　Stock market: maintaining range volatility and grasping structural opportunities

　　The report believes that fundamental recovery, low valuation, sustained net inflow of foreign capital, possible acceleration of credit cycle expansion and a series of reform measures in the equity market are all positive factors in the current domestic equity market. However, considering more uncertainties overseas, the stock market will still maintain a range fluctuation pattern during the year, and the bottom point should not fall below again during the year. However, considering the adaptation to the basic situation, there are some difficulties in continuing to attack, and we should remain cautiously optimistic. From the perspective of investment opportunities, we can still focus on new infrastructure areas such as science and technology supported by policies, and leading enterprises in industries such as essential consumer goods related to domestic demand and medicines related to making up shortcomings. The registration system continues to advance, and it is expected that the market profit will be concentrated in the head enterprises in the future, and the trend of "the strong will be strong" will continue.

　　Exchange rate: Sino-US relations dominate the exchange rate trend, and two-way fluctuations may become the norm.

　　Since 2018, due to political factors such as trade friction, the RMB exchange rate has deviated from fundamental factors. The report predicts that the US dollar may weaken slightly in the second half of the year, while the spread between China and the United States will remain high. Under the background of loose global liquidity and ultra-low interest rates, RMB assets are expected to continue to attract foreign capital inflows, and the RMB exchange rate may rebound slightly to around 7. However, in the second half of the year, the global epidemic situation is still uncertain, the market sentiment is still fragile, and American politicians may still make an issue of China during the election, so the RMB exchange rate fluctuates greatly. It is expected that the RMB exchange rate may fluctuate in the range of [6.9,7.2].

　　Property market: There is great pressure on housing prices in these places.

　　For the property market in the second half of the year, the report predicts that the transaction trend may change in two stages: the first stage is the short-term repair and replenishment of sales volume, and the regulation policy of tightening outside and loosening inside and the liquidity dividend of rising water are two catalysts to promote the release of demand; The second stage is to return to the original downward cycle. If the policy orientation does not change, short-term gap repair will not be enough to constitute a cyclical upswing. The regional performance is even more different: the "resident demand" in first-and second-tier cities is easy to release, and the pressure of rising house prices in low-inventory areas such as Shenzhen and Hangzhou is high; It is difficult to maintain the "demand for migratory birds" in third-and fourth-tier cities, and the old reform effect cannot completely replace the shed reform. Thanks to the friendly monetary environment, the pressure on the capital cost of housing enterprises has obviously eased.

　　Crude oil: oversupply eased, and oil prices may fluctuate upward.

　　In terms of crude oil, the report believes that China leads the recovery of global crude oil demand, and the "OPEC+"production reduction agreement has begun to take effect, which has jointly eased the pressure of oversupply in the market. However, the upward pace of oil prices will slow down after experiencing a significant rebound. First, although the demand for crude oil is improving, it still faces uncertainty. Second, the production reduction action started at the end of 2016 also proves that under the background of the rising of non-OPEC+oil producers such as the United States, multi-party games run through the production reduction agreement, and the "OPEC+"production reduction action alone is not enough to fundamentally change the situation of oversupply. Third, the high inventory of crude oil still needs to be digested. In the second half of the year, the oil price will fluctuate upwards, and the Brent oil price center may be 40-55 USD/barrel.

　　Gold: the allocation value is prominent, and the upward momentum of gold price is sufficient.

　　Affected by the epidemic, the financial market has been in great turmoil this year, while the gold market has a unique scenery. Looking forward to the market outlook, based on the safe-haven function and value-preserving function of gold, the report predicts that the price of gold still has sufficient upward momentum, or mainly fluctuates higher. First of all, the fear of a new round of pneumonia has stimulated investors’ safe-haven demand for gold assets. Secondly, in the global monetary easing policy and low interest rate environment, the expectation of inflation and currency depreciation has increased, triggering the demand for gold preservation. Finally, in the coming period, uncertainties from the United States and the dollar will also support the rise of gold prices.

　　The report was completed by Cai Puhua, Zhou Kunping, Tang Jianwei, Liu Jian, Chen Ji, Liu Xuezhi, Hu Yanan, Xia Dan and Jian Wu from the Financial Research Center of Bank of Communications. (Economic Daily-China Economic Net reporter Ma Changyan)

A number of ministers have repeatedly voiced their voices, looking for a job and buying a car!

　　Beijing, August 11th (Reporter Li Jinlei) When something unusual happens, you should pay attention to the unusual signal behind it.

　　These days, Ning Ji Zhe, deputy director of the National Development and Reform Commission, Liu Kun, Minister of Finance, Zhang Jinan, Minister of Human Resources and Social Security, Zhong Shan, Minister of Commerce, and Yi Gang, Governor of the Central Bank, have appeared in news broadcast one after another, and a series of heavy voices have revealed the future policy direction, which concerns many people’s jobs and wallets.

　　Stabilizing employment: promoting the employment of key groups

　　Employment is the biggest livelihood. Only when the rice bowl is stable can we increase our income and promote consumption. Therefore, the state puts employment in the first place of "six guarantees" and "six guarantees". However, affected by the epidemic, employment started in a downturn this year, but it is gradually stabilizing.

　　Zhang Jinan announced a set of figures: the number of new jobs in cities and towns rose from 390 thousand in February to one million per month in the near future; According to the survey, the overall unemployment rate is about 6%, and it has dropped month by month since the second quarter. In May, the recruitment demand increased by 2% year-on-year, which turned from negative to positive for the first time since February, and continued to pick up in June.

　　However, Zhang Jinan reminded that this year, affected by the epidemic, the market demand of college graduates declined, recruitment was postponed, job hunting was limited, and the level of youth unemployment rose. With college graduates entering the market in July and August, the employment of key groups will face new pressure.

　　How to ensure the employment of key groups?

　　Zhang Jinan said that in the second half of the year, registered unemployed people will be provided with basic public employment services free of charge, and policies such as rent reduction, tax incentives, and business guarantee loans will be actively implemented to help them find jobs and start businesses through multiple channels. For college graduates, we will continue to encourage expanding the scale of enterprise absorption, expanding the scale of grassroots employment, expanding the scale of further studies, and expanding the scale of training and internship. For migrant workers, employment services, vocational training and rights protection will be strengthened, and employment outside the home and in the local area will be promoted. In particular, the employment of poor laborers with established files will be done well.

　　Yi Gang pointed out that in the second half of the year, the monetary policy should be more flexible, moderate and precise, and the policies that have been introduced to stabilize enterprises and ensure employment should be effectively implemented.

　　Data Map: The scale of participating vehicles at Changchun Auto Show in 2020 reached a new high. Photo by Zhang Yao

　　Promote consumption: relax the purchase restriction of new energy vehicles

　　Expanding domestic demand and promoting consumption are essential for stabilizing economic growth.

　　On July 30th, Politburo meeting of the Chinese Communist Party called for "firmly grasping the strategic base point of expanding domestic demand", continuously expanding domestic demand, overcoming the impact of the epidemic, expanding final consumption, and creating conditions for upgrading residents’ consumption.

　　Regarding how to expand consumption, Ning Ji Zhe pointed out that to expand domestic demand, we should give full play to the basic role of consumption in economic growth. In the second half of the year, China will accelerate the high-quality development of new consumption such as smart retail and online education, promote the transformation and upgrading of automobile and household appliances consumption, encourage cities with restricted purchases to appropriately increase the purchase limit of automobiles, relax the purchase restriction of new energy vehicles, and give appropriate subsidies for the purchase of new energy vehicles.

　　Ning Ji Zhe said that the development of consumption gathering areas in counties is the focus of expanding domestic demand this time, and it is also a place with great potential for consumption development. For example, the renovation of pedestrian streets in county towns should be supported by loans, and some corporate bonds can be issued to support this renovation, so that the consumption of China is not only in big cities, but also in medium cities and counties.

　　"Work hard to promote consumption." Zhongshan said that to promote urban consumption, it is necessary to promote the transformation and upgrading of pedestrian streets and develop chain (convenience) stores. It is also necessary to expand rural consumption, promote e-commerce into rural areas, and promote industrial products to the countryside and agricultural products to the city.

　　Xu Hongcai, deputy director of the Economic Policy Research Association of China Policy Science Research Association, told the reporter of Zhongxin.com that it is necessary to create a market environment conducive to promoting consumption, promote fair competition, crack down on counterfeiting, improve product quality, let consumers eat and use with confidence, and vigorously cultivate emerging consumption represented by online consumption, so that consumers can "consume, dare to consume and are willing to consume".

　　Data Map: Visitors watch the 5G indoor router at close range. China News Service reporter Jiang Qiming photo

　　Steady investment: promoting the construction of "two new and one heavy"

　　To expand domestic demand, we must actively expand effective investment.

　　Ning Ji Zhe pointed out that in terms of investment, we should focus on promoting the construction of new infrastructure, new urbanization, transportation and water conservancy and other major projects, increase efforts to make up for shortcomings in public health, emergency materials reserve, transportation and energy, implement urban renewal, and speed up the transformation of old urban communities.

　　Private investment accounts for nearly 60% of the total social investment and is an important force to stabilize investment. Ning Ji Zhe said that in the second half of the year, China will further improve the environment for private investment, increase policy support, and support private capital to participate in the construction of short-board areas such as epidemic response, public health, warehousing and logistics, and emergency reserve. At the same time, it will guide banks to launch credit products suited to the characteristics of private enterprises and increase the scale and proportion of credit loans and medium-and long-term loans.

　　Yi Gang has made it clear that the comprehensive use of various monetary policy tools will guide the growth rate of broad money supply and social financing scale to be significantly higher than last year, and at the same time pay attention to grasping the rhythm and optimizing the structure, so as to promote the reasonable growth of inclusive small and micro enterprise loans and medium-and long-term manufacturing loans.

　　Liu Kun pointed out that in order to cope with the impact of the epidemic, the fiscal policy was "additive", and 1 trillion yuan of special anti-epidemic national debt was issued, focusing on supporting local infrastructure construction and epidemic prevention and control.

　　The picture shows people watching the launch of the Long March 5 rocket at the seaside. Luo Yunfei

　　Steady expectations: China’s economy is expected to achieve positive growth throughout the year.

　　China’s economy rebounded deeply in the first half of the year, and its economy grew by 3.2% in the second quarter, which was obviously better than expected and achieved the first recovery in the world. Looking forward to the whole year, what is the macroeconomic trend of China?

　　Ning Ji Zhe pointed out that the situation of China’s economic recovery is well-founded, conditional and sustainable, while the fundamentals of China’s economic stability and long-term improvement have not changed and are emerging.

　　From the production point of view, the added value of industrial enterprises above designated size has been increasing for three consecutive months since April; The service industry production index has achieved positive growth for two consecutive months. From the demand side, fixed asset investment achieved positive growth in the second quarter, and the decline in total retail sales of social consumer goods narrowed for four consecutive months. The gradual recovery of supply and demand cycle can be said to improve the sustainability of economic recovery.

　　Yi Gang said that on the one hand, various industries have recovered rapidly; On the other hand, demand has gradually recovered, investment has rebounded significantly, consumption has continued to recover, and exports have obviously improved. While the economy is recovering, the price level has remained stable.

　　"Overall, the characteristics of China’s great economic potential and sufficient resilience have not changed. China’s economic growth will continue to recover in the second half of the year, and it is expected to achieve positive growth throughout the year." Yi Gang judgment. (End)

Cross-country skiing： a cool sport known as ＂marathon＂ on snow.

03:08
[Historical Origin]
Cross-country skiing is a sport that glides in the mountains and snowfields with the help of skiing equipment, using basic techniques such as climbing, downhill, turning and sliding. Cross-country skiing originated in northern Europe, also known as Nordic skiing, and is one of the oldest sports in the world sports history. It was first included in the Winter Olympic Games in 1924.
The reason why cross-country skiing is called "snow marathon" is that the main competition is the endurance and physical strength of athletes. Cross-country skiing in the Winter Olympics has set a distance of 10 km, 15 km, 30 km, or even up to 50 km, which is equivalent to skiing a marathon. Because cross-country skiing is one of the events in nordic combined and Biathlon, it is also an important support for nordic combined and Biathlon.
As a routine of the Winter Olympics, the men’s 50 km and women’s 30 km cross-country skiing awards ceremony was held at the closing ceremony.
[Site facilities]
The cross-country skiing competition of Beijing 2022 Winter Olympics will be held at the National Cross-country Skiing Center in Zhangjiakou Division, and a total of 12 gold medals will be produced.
Cross-country skiing uses two techniques, and snowboarding is the most important: freestyle board is relatively short, the tip of the board is relatively small, the bottom is smooth, and all the wax needs to be slipped.
The traditional board has obvious bow-shaped arc, the sliding part needs sliding wax, and the middle pedaling part needs anti-slip wax.
Traditional snowboard
[rules of the game]
Cross-country skiing competition involves two technical rules: traditional technology and free technology.
Traditional techniques include alternate sliding, double-stick sliding, eight-step without sliding stage, sliding down and turning. It is not allowed to push the ice with two feet or one foot. The snowboard must be placed in the pressed snow slot, and the two skis should be kept parallel to the sliding direction. The athletes can move forward by swinging their legs back and forth and using snowball fights. The athletes’ "stepping" forward is similar to walking, except that they use snowball fights to generate thrust when skiing, and they will slide for a certain distance every step. During sliding, they feel like sliding on a marble surface in smooth shoes. When overtaking the front athlete, you can jump out of the snow chute and slide in another direction, especially downhill and peaceful snow trail is the golden stage of overtaking your opponent. When the back athlete wants to overtake, he can step on the front athlete’s snowboard to remind him, and the front athlete must give way to the snow trail after being reminded, otherwise it will be considered a foul.
Free technique has no restrictions on technical movements, and athletes can adopt any technical movements.
Reporting/feedback

＂Go skiing to the west and welcome the New Year in Youlong＂ Inner Mongolia ushered in a wave of parent-child groups

On January 20th, the Department of Culture and Tourism of Inner Mongolia Autonomous Region opened the theme activity of "Going West to Ski and Welcome the New Year in Youlong". With the smooth arrival of 26 passengers from Guangzhou parent-child tour group at Hohhot Baita International Airport, a cheerful and dripping ice and snow experience tour began.

Punch in the old street

Taste "boiled sheep in ice"

According to reports, the parent-child group is organized by Guangzhou Guangzhi Travel Agency, and visitors will have a winter trip to Inner Mongolia in Hohhot, Baotou and Erdos. It is planned to visit Taiwei Ski Resort in Hohhot, Saishang Old Street, Inner Mongolia Museum, Xiangshawan Scenic Area in Erdos and other places, to see historical and cultural cities, taste special food, play winter ice and snow, and enjoy the wonders of desert ice and snow.

Li Li, head of Kaiser International Travel Service in Inner Mongolia, said that ice and snow are very attractive to southerners. The fun of ice and snow outlined by Inner Mongolia prairie, big desert, big ice and snow and unique culture is exactly what they want to let tourists experience during the 4-day and 3-night parent-child tour, so that more tourists can enter Inner Mongolia, fall in love with Inner Mongolia and feel the diversity of Inner Mongolia.

In order to make high-quality tourism in winter get together, get hot and live, this year, Inner Mongolia has given full play to the advantages of ice and snow tourism with the characteristics of "Northern Xinjiang Culture" and launched such formats as "ice and snow+annual customs", "ice and snow+intangible heritage", "ice and snow+health care" and "ice and snow+holiday" to promote the consumption upgrade of winter tourism industry. Inner Mongolia will take the "Fourteen Winter" as the starting point, create more ice and snow tourism products, release the charm of ice and snow, and attract more tourists to experience while creating an orderly market environment and providing quality services.(Prairie All Media Zhengbei Net reporter Ma Lixia)

Doing ＂Five Great Articles＂ of Finance Well and Serving the Overall Situation of Chinese Modernization

CCTV News:The annual meeting of 2023 Financial Street Forum was held in Beijing today (November 8). At the annual meeting, China Yi Huiman, Chairman of China Securities Regulatory Commission said that risk prevention is the main goal of strengthening supervision, and strengthening supervision is an effective way to prevent risks, both of which are important guarantees for achieving high-quality development.

According to the development law of capital market and the supervision practice in recent years, China and Yi Huiman, Chairman of China Securities Regulatory Commission summarized the causes of capital market risks into five aspects: excessive leverage or even out of control, imbalance between innovation and supervision, fraud, breach of trust and absence of main responsibility. He pointed out that it is the first duty and statutory duty of the CSRC to strengthen the supervision of the capital market, safeguard the "three public" order of the market and the legitimate rights and interests of investors, and prevent and resolve financial risks.

Yi Huiman, Chairman of China Securities Regulatory Commission:We adhere to the regulatory philosophy of "respecting the market, respecting the rule of law, respecting the profession, respecting risks, and giving full play to the joint efforts of all parties", adhere to the main responsibility of supervision, and pay attention to the following principles: First, adhere to the principle of "managing only when you can see clearly" to promote innovation under the premise of prudent supervision. The second is to guard against excessive leverage and gradually reduce the scale and level of leveraged funds to a reasonable range. Third, "zero tolerance" has cracked down on all kinds of chaos and reversed the long-standing situation that the illegal cost of securities is too low. The fourth is to adhere to the blade inward and self-revolution.

The reform of the registration system is by no means deregulation.

Regarding the reform of the registration system, China Yi Huiman, Chairman of China Securities Regulatory Commission said that the reform of the registration system is by no means a relaxation of supervision, but a better combination of an effective market and a promising government.

Yi Huiman, Chairman of China Securities Regulatory Commission:After the implementation of the (registration system) reform, supervision has become stricter, and the most prominent performance is the improvement of transparency. This promotion comes from the openness of the whole process of audit and registration, accepting the supervision of the whole society, and from the supervision covering the whole chain before and after the event, which urges enterprises to fully disclose information and compact the responsibility of intermediary agencies as "gatekeepers". Through reform, the basic system of capital market is comprehensively strengthened, especially the level of rule of law is further improved.

Yi Huiman said that in the next step, we will continue to promote the stock issuance registration system.

Yi Huiman, Chairman of China Securities Regulatory Commission:Dynamically evaluate and optimize institutional arrangements such as pricing, reduction and refinancing. At the same time, we will vigorously promote the reform of the investment side, promote the implementation of various supporting policies for medium and long-term capital entering the market, accelerate the cultivation of "smart funds" in China, promote the strengthening of industry institutions, effectively enhance professional investment capabilities and market leadership, and take our own path.

Yi Huiman said that the healthy development of the real economy is the foundation for the smooth operation of the capital market. The CSRC will adhere to the fundamental purpose of serving the real economy, and focus on doing the "five major articles" on technology and finance, green finance, inclusive finance, pension finance and digital finance, so as to give full play to the hub function of the capital market and serve the overall situation of Chinese modernization more effectively.

Shandong Experimental Kindergarten： Celebrating New Year’s Day and Visiting the Garden.

On the occasion of New Year’s Day, Shandong Experimental Kindergarten held a garden activity in 2024, "Longteng brings forth new ideas, and’ Temple’ is unspeakable".
Amid the children’s laughter and songs, the lively and prosperous garden activities are on fire. Turn to "dumplings" to meet love, fish jump in the dragon gate, sprout dragons and break through the customs, as well as fantasy magic show, scented tea DIY… delicious and fun.
With expectation and joy, the children happily visited temple fairs and celebrated the New Year together, feeling the charm of traditional culture and the happiness of growing up in a warm festive atmosphere.
Public news client Zhao Guolu correspondent Sun Yu
Reporting/feedback

China successfully developed the world’s first ultraviolet super-resolution lithography equipment with the highest resolution.

China successfully developed the world's first ultraviolet super-resolution lithography equipment with the highest resolution.

　　Yong Yang (left), deputy chief designer of Super-resolution Lithography Equipment Project of Institute of Optoelectronics, Chinese Academy of Sciences, introduces the successfully developed equipment. Sun zifa

　　Zhongxin. com, Chengdu, November 29th (Reporter Sun Zifa) — — The super-resolution lithography equipment project passed the acceptance test in Chengdu on the 29th. As one of the important achievements of the project, China scientists have successfully developed the world’s first ultra-resolution ultraviolet (i.e. 22nm @ 365nm) lithography equipment with the highest resolution, and formed a brand-new nano-optical lithography process route with completely independent intellectual property rights.

　　Researcher Luo Xiangang, director of the Institute of Optoelectronics of the Chinese Academy of Sciences and chief scientist of the super-resolution lithography equipment project, said that in 2012, the institute undertook the development task of super-resolution lithography equipment, a major national scientific research equipment project. After nearly seven years of hard work, without foreign mature experience to learn from, the project team broke through key technologies such as high uniformity lighting, super-resolution lithography lens, nano-resolution focusing and gap measurement, and ultra-precision, multi-degree-of-freedom stage and control. The development of the first UV super-resolution lithography equipment with the highest resolution in the world is completed. It uses a light source with a wavelength of 365 nm, and the maximum line width resolution of a single exposure reaches 22 nm (about 1/17 exposure wavelength). On this basis, the project team also combined with the supporting processes such as high aspect ratio etching and multiple patterns developed by the super-resolution lithography equipment project to realize the processing of feature size patterns below 10 nanometers.

　　The first ultra-violet super-resolution lithography equipment with the highest resolution in this world is developed based on surface plasmon super-diffraction, which breaks the traditional route pattern that the resolution of traditional optical lithography is limited by the wavelength of light source and the numerical aperture of lens, and forms a brand-new technical route from principle, equipment to process, with completely independent intellectual property rights, and provides manufacturing tools for the leap-forward development of revolutionary strategic fields such as metamaterials/hypersurfaces, third-generation optical devices and generalized chips.

　　Acceptance experts believe that all technical indicators of the super-resolution lithography equipment successfully developed by Zhongke Optoelectronics meet or exceed the assessment indicators specified in the implementation plan, and the key technical indicators have reached the international leading level in the field of super-resolution imaging lithography. In principle, the project breaks through the diffraction limit of resolution, establishes a new research and development route of high-resolution and large-area nano-lithography equipment, bypasses the technical intellectual property barrier of foreign high-resolution lithography equipment, realizes the innovation of China’s technological source, and develops super-resolution lithography equipment with independent intellectual property rights and controllable technology, which is also the first ultra-violet super-resolution lithography equipment with the highest resolution in the world.

　　At the same time, a series of nano-functional devices, including large-aperture thin film mirror, superconducting nanowire single photon detector, Cherenkov radiation device, biochemical sensor chip, super-surface imaging device, etc., have been prepared by using the successfully developed super-resolution lithography equipment, which verifies the processing ability of the nano-functional devices of the equipment and has reached the practical level.

　　The super-resolution lithography equipment project of Zhongke Optoelectronics Institute has published 68 papers, and at present, it has been authorized 47 national invention patents and 4 international patents, and has trained a super-resolution lithography technology and equipment research and development team. Luo Xiangang said that the Institute of Optoelectronics of the Chinese Academy of Sciences will further increase the research and development, popularization and application of functional diversification of super-resolution lithography equipment to promote the development of related fields in the country.

Foreign experts： China promotes development through innovation and improves people’s living standards.

　　In recent years, China has vigorously promoted scientific and technological innovation, which has attracted great attention from the international community. Recently, foreign experts wrote in The China Journal that China promotes development through innovation and improves people’s living standards.

　　Promoting development through innovation

　　Otto Solis Fallas, a professor at IE Business School in Spain and a former special adviser to the Costa Rican President, wrote in The China Journal that unlike other developing economies, China’s economic structure is not dominated by agriculture and extractive industries. In 2022, the added value of China’s manufacturing industry accounted for 27.7% of GDP, which was even higher than that of the United States. In fact, China also has great advantages in the field of high-tech industries. For example, the export of high-tech products in China accounts for about 30% of the national foreign trade export, which is higher than that in the United States.

　　The article further analyzes that the development of science and technology in China is not only reflected in the trade data and structure, but also in the widespread use of high-tech products in daily life. Nowadays, online shopping occupies a dominant position in the retail and wholesale markets in China. Like western developed economies, China consumers rarely use cash in shopping, and most transactions are completed through mobile applications such as Alipay and WeChat.

　　Compared with its main economic competitors, China has a broader scientific and technological prospect. In 2022, China surpassed the United States in the number of patent applications, trademark applications and industrial design applications.

　　In the final analysis, China’s becoming a big trading country is based on its high-standard education system, its emphasis on R&D and high-tech industries, and the strategic and pragmatic role played by the government in economic development.

　　Improving people’s living standards through innovation

　　Christine Buel, editor-in-chief of the French newspaper New Reunion, visited China for the first time in 1994. She recently wrote in the China Journal that in the next 30 years, China has made many scientific and technological breakthroughs in space exploration, and its economic development has advanced by leaps and bounds, which has amazed the world.

　　In the social and economic field, the average life expectancy in China has increased from 35 years before the founding of New China to 78.2 years in 2022, and people’s living standards have been continuously improved. In addition, China’s per capita GDP has increased from $195 in 1980 to $12,720 in 2022.

　　These data are enough to show that there is a direct link between innovation-driven high-quality development and the improvement of people’s living standards. Introducing high technology into production, allowing machines to complete some work, can reduce costs.

　　Taking Xinjiang as an example, the article points out that the strategy of developing the western region since 2000 and the "the belt and road initiative" initiative in recent years have promoted the development of Xinjiang. Buel went to Jiashi County, Xinjiang.

　　Thanks to drip irrigation technology, the fruit yield in Jiashi County has been greatly improved. The newly introduced fresh-keeping technology has improved the fruit preservation rate and the living standard of fruit farmers. With the newly introduced refrigeration system and technology, the sales time of plums has been extended, and the unsold part can be made into dried fruits and sold at a good price.

@ Everyone： The new rules are coming in March! These changes affect life, you know!

　　Xinhuanet Beijing, February 27th (Reporter Lu Junyu) From March, a number of new laws and regulations will be formally implemented, which will affect our lives.

　　New national regulations

　　A 0.1% service charge will be charged if Alipay credit card repays more than 2,000 yuan.

　　The feast of free credit card repayment is gradually shrinking. After the full payment of credit card repayment by WeChat, Alipay will also cancel the policy of free credit card repayment. On February 21st, Weibo, the official Alipay, issued an announcement on "Adjustment of Alipay Credit Card Repayment Service Rules". According to the announcement, starting from March 26, 2019, when individual users use the "credit card repayment" function of Alipay client, Alipay will charge 0.1% service fee for the part exceeding the free quota of 2,000 yuan.

　　Perfecting the Patent Agency System, Optimizing the Business Environment and Implementing the New Patent Agency Regulations

　　The revised Patent Agency Regulations will come into force on March 1, 2019. According to the spirit of "minimizing the government’s direct domination of market resources, minimizing the government’s direct intervention in market activities, and freeing micro-subjects", this revision canceled two administrative approvals, optimized two administrative approvals, and relaxed the access conditions for patent agents and agencies.

　　— — Cancel the provincial preliminary examination of the establishment and approval of the agency; Relax the organizational form requirements of the agency; Simplify the examination registration conditions, cancel the requirements of applying for agency qualification, such as having work experience; Cancel unnecessary proof materials.

　　— — The management department shall take random checks to inspect and supervise the practice activities of agencies and agents, and announce the inspection and handling results to the public; Support innovation and encourage agencies and agents to provide agency assistance services for small and micro enterprises and vulnerable groups; Improve the practice norms and require agencies to establish and improve the conflict of interest review system; Improve the legal responsibility of illegal acts of agencies and agents.

　　— — The administrative department shall strengthen the release of public information on patent agency, and provide inquiry service for the public to understand the operation of the agency and the practice of the agent; The filing and approval of agents and agencies are all realized through one network.

　　Reduce the burden on 20 million patientsThe first batch of 21 drugs with rare diseases will be subject to VAT at a reduced rate of 3%.

　　On February 11th, the executive meeting of the State Council deployed measures to strengthen early diagnosis and treatment of cancer and ensure drug use, and decided to give value-added tax concessions to 21 drugs with rare diseases. The meeting pointed out that it is necessary to ensure that more than 20 million patients with rare diseases use drugs. From March 1st, for the first batch of 21 medicines with rare diseases and 4 APIs, VAT will be levied at a reduced rate of 3% for the import link with reference to anticancer drugs, and at home, VAT can be levied at a simple rate of 3%.

　　Measures for the administration of state-level cultural and ecological protection zones were promulgated.

　　Recently, the Ministry of Culture and Tourism issued the Measures for the Administration of National Cultural and Ecological Protected Areas, which will be officially implemented on March 1, 2019.

　　At present, the Ministry of Culture and Tourism has approved the establishment of 21 national-level cultural and ecological protection experimental zones, and 146 provincial-level cultural and ecological protection zones with distinctive characteristics have also been established in various provinces (autonomous regions and municipalities).

　　The "Measures" stipulate that to declare a national-level cultural and ecological protection zone, it is necessary to have a good foundation for regional overall protection of cultural ecology, and it should be implemented in this province (autonomous region, city) for more than two years, with obvious results; After the establishment of the national cultural and ecological protection zone, the overall plan will no longer be approved and implemented by the Ministry of Culture and Tourism, but will be reviewed by the provincial cultural authorities, submitted to the provincial people’s government for deliberation and approval, promulgated and implemented, and reported to the Ministry of Culture and Tourism for the record; Three years after the implementation of the master plan, the provincial cultural authorities may apply to the Ministry of Culture and Tourism for organization and acceptance. Those who pass the acceptance will be officially announced as national cultural and ecological protection zones and awarded.　　

　　The Ministry of Civil Affairs has formulated the Measures for the Implementation of the "Tomorrow Plan for Orphans’ Medical Rehabilitation"　　

　　It is reported that in order to provide disabled orphans with better medical rehabilitation and other services, the Ministry of Civil Affairs has recently formulated the "Implementation Measures for the" Orphan Medical Rehabilitation Tomorrow Plan "project, which will be implemented on March 1, 2019. The "Measures" have expanded the scope of benefiting orphans and the scope of financial support.　　

　　Ministry of Transport: The minimum protective perimeter of the bus driving area is 1.6m.

　　Recently, the Ministry of Transport issued the industry standard "Technical Requirements for Special Safety Facilities for Urban Public Steam Trams", which specifically stipulated the technical requirements for protective isolation facilities in the driving area of urban public steam trams. The standard will be officially implemented on March 1, 2019.

　　This standard improves the technical level of physical defense by standardizing the technical requirements of protective isolation facilities in driving areas, and protects drivers from direct attacks by illegal passengers, who cannot directly touch the steering wheel. In addition to strengthening physical defense, it is necessary to improve passengers’ safety awareness, strengthen the protection of drivers’ laws and regulations, and improve drivers’ emergency response ability to protect urban bus and tram drivers from intrusion.

　　New local regulations　　

　　Since March 1, female workers in Shandong have added these holiday benefits.

　　The Measures for Labor Protection of Female Workers in Shandong Province shall come into force on March 1, 2019. It is reported that on the basis of the protection of pregnancy, childbirth and lactation stipulated by the state, the "Measures" creatively increased the protection measures for menstruation, pregnancy and perimenopausal period.

　　From March 1st, Sichuan urban workers’ medical insurance funds can be shared with their families.

　　The Sichuan Provincial Medical Insurance Bureau, the Sichuan Provincial Department of Human Resources and Social Security, the Sichuan Provincial Department of Finance and the Sichuan Provincial Health and Wellness Committee jointly issued the Notice on Improving the Relevant Policies for the Use of Personal Accounts of Basic Medical Insurance for Urban Employees, and decided that the payment scope of personal accounts of basic medical insurance for urban employees will be expanded from March 1, which can be used to pay for a series of medical expenses for employees themselves, their spouses, parents and children of both husband and wife.

　　It is understood that the adjustment includes two aspects. On the one hand, on the basis of the original payment scope, the personal account funds can be expanded to pay the following expenses for the employees themselves, their spouses, parents and children of both husband and wife:

　　First, the medical service expenses that need to be borne by individuals, such as general outpatient service (including registration), outpatient special diseases (including designated pharmacies), hospitalization, health check-up, unplanned immunization, remote diagnosis and treatment, and family doctor contract service.

　　The second is to buy drugs, medical devices, medical consumables, auxiliary devices and other expenses related to disease treatment and medical rehabilitation in designated retail pharmacies in the province.

　　Third, in the overall planning area, pay the social insurance expenses related to medical security, such as basic medical insurance for urban and rural residents, basic medical insurance for employees with flexible employment, supplementary medical insurance, serious and serious illness insurance, long-term care insurance and so on.

　　Zhejiang issued the special sign of "running at most once", which was officially implemented on March 1.

　　From March 1st, Zhejiang will use the unified "run at most once" special signs in the whole province, ranging from background walls and information desks to employee badges and envelopes. The work specifications provide the basic graphics of the use places of the "run at most once" special signs, totaling 16 situations. The implementation of work norms will be conducive to the unified standardization of signs and their use, facilitate the people and enterprises to do things across regions, and further enhance the sense of reform of the people and enterprises.

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