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Real estate recovery can be expected

Lian Ping/Wen

In the first half of the year, the recovery of the real estate market was difficult. Real estate sales showed a positive signal at the beginning of the year and fell again in the second quarter. House prices generally bottomed out, new house prices generally showed signs of stabilization, and second-hand house prices continued to fall. The financial situation of housing enterprises is tight, land acquisition is cautious, and land transactions continue to grow negatively. The special loan of "Baojiaolou" promoted the continuous improvement of the completion end, the investment in new housing construction and Jian ‘an project was slow, and the decline in real estate investment narrowed slightly.

Looking forward to the second half of the year, the real estate market may still face a "headwind" in a short period of time. The Politburo meeting brought a long-lost warm wind to the market. Housing policy will increase support in the second half of the year. The interest rate of individual housing loan policy is expected to remain low, and the market interest rate may be slightly lower. It is estimated that the annual residential sales are still expected to achieve a slight positive growth, the overall house price will gradually stabilize, and the supply and demand structure of the land market will improve. It is expected that more effective positive policies will be introduced in the second half of the year to promote the "second half" of real estate projects and alleviate the debt problem of housing enterprises. It is expected that the decline in real estate investment in the whole year will be narrower than that in the first half of the year.

I. Market Operation Outlook in the Second Half of the Year

1. This round of real estate cycle tends to be weak recovery.

The real estate market did recover in the first half of the year. With the implementation of previous policies and measures, the dark moment of real estate has passed and the recovery channel has been opened. Although the first quarter of the property market is fleeting, the real estate industry still has the momentum of sustainable development. First, the policy is in a relatively supportive stage. The further implementation of the previous property market policy and the continued relaxation of the subsequent property market policy will continue to provide a relatively relaxed policy support environment for the real estate industry. Second, the income of residents is gradually improving. With the economic recovery, the per capita disposable income of urban residents increased by 5.4% in the first half of the year, up 1.4 percentage points from the first quarter. Third, the continuous advancement of new urbanization continues to provide effective demand for the real estate market. In 2022, China’s urbanization rate is 65.2%, and the household registration rate is around 47%, which is far from the average level of 80% in developed economies. In the coming period, China is still in the rapid development stage of new urbanization, and the huge demand potential released in this process will provide strong support for the real estate market. Fourth, the fading of factors such as epidemic disturbance has promoted the rapid release of the backlog of demand.

At present, the purchasing power of residential departments is not as good as similar cycles in the past. In the past two decades, there have been three negative growth in real estate sales area, in 2008, 2014 and 2019. Among them, 2008 was hit by the global financial crisis, when the growth rate of disposable income of urban households was above 14%; The growth rate of disposable income of urban households was around 8%-9% when real estate sales declined in the last two times, but now, after three years of epidemic, the growth rate of disposable income of urban households is only around 5%. The slowdown of residents’ income growth is one of the important factors to curb the expansion of housing demand.

Housing financial support policies are relatively mild. Mortgage interest rate policy, the rate of interest rate reduction is relatively limited. The inflection point of this round of mortgage interest rate began at the end of the third quarter of 2021, and by the end of the second quarter of 2023, the LPR was reduced by 45 basis points, and the personal housing provident fund loan interest rate was reduced by 15 basis points, with a total reduction of 60 basis points. Although this is related to the current management of the overall domestic bank loan interest rate level, it is relatively small compared with the previous 100 and 150 basis points.

Real estate developers actually get less financial support. Although since the third quarter of 2022, commercial banks have gradually improved their loans to housing enterprises under the promotion of the special loan of "guaranteed property" and the policy of "three arrows of finance", considering that the target of policy support is mainly high-quality housing enterprises, the financing difficulties of some small and medium-sized housing enterprises with relatively poor qualifications have not been effectively solved. By the end of the first half of 2023, the off-balance-sheet financing of real estate enterprises continued to decrease, and many other listed real estate enterprises were told by the exchange that there was a risk of delisting, and the private financing capacity was relatively lacking. In the first half of the year, the self-raised funds of real estate enterprises (accounting for 35% of the sources of housing enterprises’ funds in 2022) decreased by more than 20% year-on-year, which was very rare in the past.

Under the background of the real estate support policy of most local governments in China, the central bank, policy banks and state-owned banks have increased the investment in housing financial resources, and launched development loan support plans, rescue funds, rental housing financial loan support tools and so on. Due to the impact of the epidemic and the pressure of long-term debt of real estate enterprises, it has had a great impact on the two important sectors of the real estate market-the residential sector and the real estate enterprises. It is difficult for the real estate market to repair as quickly as in 2009, 2013 and 2016, and the recovery cycle of this round of real estate market is likely to be weaker than the previous recovery cycle.

Based on the comprehensive judgment, it is expected that the real estate market may be in a weak recovery situation in general during the year. With the support of relatively loose housing policy, the situation of further rapid decline in the short term has been alleviated, but compared with previous recovery cycles, there may be many twists and turns in the recovery process, and the poor actual capital turnover of some housing enterprises may lead to the overall real estate construction investment is difficult to improve comprehensively. The expected return of real estate investment comes at a time when the sustained recovery of commercial housing sales and external financial support are needed. The downside risks of investment still exist during the year, and the drag on economic growth still needs attention.

2. The real estate policy is expected to further increase support.

The real estate policy will remain warm in the second half of the year. In July, the Politburo meeting decided to "adapt to the new situation of great changes in the supply and demand of China’s real estate market and adjust and optimize real estate policies in a timely manner". The basic idea of supporting policies is to continue to focus on improving housing sales and activating demand. At the same time, on the basis of the existing conditions, the policy will enhance the ability of high-quality housing enterprises to acquire land and expand, strengthen the investment in the construction of new and guaranteed buildings, and prevent large-scale accidents of housing enterprises as much as possible. Under the policy background of "staying in a house without speculation" and "making policy for the city", all localities will further explore the introduction of policies conducive to the stabilization of the real estate market, so as to gradually realize the goal of "three stabilities" in the real estate market.

On the demand side, the adjustment method is mainly to lower the threshold of buying houses and increase transaction activity. The mortgage interest rate is expected to drop slightly. With the central bank lowering the LPR benchmark interest rate in June, the benchmark mortgage interest rate of commercial banks will be lowered accordingly, and the first and second home mortgage interest rates are expected to fall further. The restrictive housing purchase policy is expected to be further loosened. It is expected that more third-tier cities will follow Yangzhou’s practice in the second half of the year and gradually cancel previous measures such as restricting purchases, loans and sales to promote the recovery of the property market. There may be more cities adopting the second-hand housing transaction mode of "mortgage transfer", moderately lowering the tax rate of second-hand housing transactions and reducing the brokerage service rate. For the first-tier and second-tier housing market with tight supply and demand, it is not excluded to gradually and moderately cancel the restrictive housing purchase policy for some or all urban areas when necessary, and increase the housing purchase subsidy to boost the confidence of the housing transaction market.

On the supply side, the main ways of policy support are to ensure the reasonable financing needs of housing enterprises, do a good job in risk management and control of housing enterprises and optimize the land transaction system. At the end of June, the central bank and the General Administration of Financial Supervision extended the two important financing businesses of real estate enterprises until the end of 2024, and proposed that the next stage will keep the real estate financing reasonable and moderate, increase the financial support of Baojiaolou, and promote the marketization of industry risks. It is expected that relevant departments will speed up the examination and approval of bond financing and equity financing of housing enterprises, meet the reasonable financing needs of the industry (especially for high-quality housing enterprises), promote mergers and acquisitions of the industry, and continuously improve and optimize the assets and liabilities of housing enterprises. It is expected that the credit resources of "Baojiaolou" may increase in the second half of the year, which will accelerate the completion of commercial housing and the sale of existing homes. There is still room for improvement in the land market. It is expected that some big cities will gradually introduce high-quality land and increase the proportion of residential land supply. The rules of land auction may be loosened in terms of reducing the proportion of allocation or self-holding, the proportion of deposit, and the payment period, so as to reduce the funds occupied by real estate enterprises. Conditional cities may moderately increase the premium rate of land auction and increase the enthusiasm of real estate enterprises including private enterprises.

3. Investment confidence in the real estate market still needs to be boosted.

In the second half of the year, the sales of commercial housing may be suppressed first and then stabilized. At present, the foundation for the full recovery of the real estate market is not solid. Demand is mainly concentrated in first-tier cities and surrounding third-tier cities and key second-tier cities, and the housing demand accumulated over the past two years is expected to continue to be released. After the rapid release at the beginning of the year, it may enter a steady state in the remaining months, and the anxiety about the housing market may continue into the third quarter and become the lowest point in the year. In the fourth quarter, with the recovery of residents’ income and the completion of housing, it is expected to push up sales and pick up. The traditional "Golden September and Silver 10" market may be difficult to reproduce, but the high-end market in some big cities still has good appeal. The low base in the fourth quarter of 2022 will also help the growth of real estate sales in the fourth quarter technically. It is estimated that the sales area of commercial housing will increase slightly by about 2%-3% year-on-year, and the sales will turn from negative to positive.

The improvement of sales margin will help more cities to stop falling and stabilize housing prices. The month-on-month trend of commercial housing prices is basically synchronized with the performance of housing sales. It is expected that house prices may decline slightly in the third quarter and return to positive in the fourth quarter. The inventory of commercial housing in most second-and third-tier cities is at a relatively high level, and the process of destocking is relatively tortuous. Combined with the performance of similar cycles, it is estimated that by the end of the year, the price of new houses in China will increase by 1.5% year-on-year, the price of second-hand houses will increase by 0.5% year-on-year, and house prices in many cities will "turn from falling to rising". Housing prices in some big cities are relatively firm, which is due to the low inventory of existing commercial houses and the rising land prices in the past three to four quarters. It is estimated that the price of new houses in first-tier cities will increase by 3% year-on-year, and the price of second-hand houses will increase by 2% year-on-year.

The land market will still focus on big cities and their surrounding areas. Housing enterprises’ own interest expenses and debt repayment pressure are still not small. The main participants in the local auction market are still central enterprises and local state-owned enterprises with relatively stable styles. It is unlikely that private housing enterprises will significantly increase their land reserves during the year, but they may participate selectively in the second half of the year when the capital situation is relatively abundant. It is expected that some big cities will release more high-quality land plots. The central bank has indicated its support attitude towards the development loans of high-quality housing enterprises. Objectively, some high-quality housing enterprises also need to replenish their warehouses. According to estimates, the inventory (land reserve) of listed high-quality real estate enterprises is at a relatively low level. Based on the comprehensive calculation, the ratio of inventory to total assets of the top 30 real estate enterprises listed in A shares and H shares fell to 45.9% by the end of 2022, the second lowest since the epidemic in 2020. It is not difficult to explain why in the first half of 2023, state-owned enterprises such as China Resources, Poly and China Shipping ranked among the top three in terms of land acquisition amount during the year.

Confidence in real estate investment is still insufficient. Considering that the improvement of housing sales and land market is not fully improved, and most housing enterprises are still trapped and the financial situation is tight, the regional real estate investment mainly depends on the eastern coastal areas. From the perspective of the source of funds for housing enterprises, the incremental funds in the second half of the year mainly come from advance receipts, deposits and personal mortgage loans, and its growth rate is expected to improve slightly. The special loan for "Baojiaolou" will continue to provide support for the housing completion section. However, the off-balance-sheet "leverage reduction" behavior of housing enterprises may continue with a high probability, mainly because the balance of Chinese offshore US debt and trust will continue to decrease. With regard to the judgment of construction funds for projects under construction, it is expected that the extension of loans related to large-scale high-quality housing enterprises will be supported by banks, but the possibility of further capital injection by most small and medium-sized developers is low. Based on comprehensive judgment, it is expected that there will still be some downside risks in real estate investment in the second half of the year, and the pressure in the third quarter is relatively high. It is expected to rebound slightly in the fourth quarter, and the accumulated real estate investment in the whole year may fall by 7% year-on-year.

Second, the industry risk analysis

1, the macroeconomic impact of the real estate market downturn.

As a pillar industry of the national economy, real estate connects the two major demands of consumption and investment, and plays an important role in economic growth. According to statistics, real estate economic activities account for nearly 30% of GDP, real estate-related loans account for nearly 40% of bank credit, real estate-related income accounts for 50% of local comprehensive financial resources, and real estate accounts for 60% of urban residents’ assets. According to the model of Zhixin Research Institute, every 1% drop in real estate development investment will drag down the GDP growth rate by about 0.1 percentage points. In the first quarter, the real estate market turned down in the second quarter after a short period of spring. In the first half of the year, the decline in real estate investment dragged down the growth rate of fixed assets investment by 1.6 percentage points and the growth rate of total retail sales of consumer goods by 2.3 percentage points. It directly dragged down the GDP growth rate by about 0.4 percentage points, and indirectly dragged down GDP by about 0.5 percentage points; The negative impact of real estate-related activities on economic growth, especially on stimulating domestic demand, is remarkable. In the first half of the year, the growth rate of total retail sales of enterprises above designated size increased from 1.9% at the end of last year to 6.3%, but the growth rate of sales of products closely related to real estate was still lower than the average. For example, the sales growth rate of building and decoration materials, household appliances and audio-visual equipment, furniture, especially building products has not improved, but has further declined.

The drag of real estate investment on economic growth is expected to narrow slightly in the second half of the year, but it should not be taken lightly. Considering the financial pressure of housing enterprises, the low level of land acquisition and the pressure on the stock of Jian ‘an projects, it is difficult for real estate development investment to improve in the second half of the year. However, under the low cardinal utility in the same period last year, the year-on-year decline of real estate development investment will be narrowed from -7.9% in the first half of the year to -7%, and the drag of real estate on economic growth will also be slightly narrowed. It is estimated that investment in real estate development in the second half of the year may drag down investment in fixed assets by 1.6 percentage points, drag down social zero consumption by 2.1 percentage points, and drag down GDP growth by about 0.7 percentage points. According to the above calculation results, real estate investment may have a greater drag on GDP for the second consecutive year, which is really rare in the economic development of China in the past two decades. During this period, most real estate developers’ continuous reduction of balance sheets may imply the change of their main business objectives, that is, the change from actively expanding balance sheets to actively managing balance sheets. International experience shows that the formation of this trend may last for many years, in other words, the downward drag of real estate investment on the macro economy may continue further.

The land purchase fee may have a negative growth for three consecutive years, and the local government’s debt repayment pressure will increase. From January to June 2023, the land purchase fee was 2.1 trillion yuan, down 2.6% year-on-year; The corresponding local state-owned land transfer income was 1.87 trillion, down 20.9% year-on-year, and the decline may be further expanded in the second half of the year. Due to the continuous decline of land transfer income, the income of local government funds has also declined simultaneously, resulting in a decline in the proportion of these two incomes in the overall local fiscal revenue. By the end of June, 2023, the proportion of land transfer in the narrow sense of national fiscal revenue has dropped to only 13%, which is the lowest level in the past decade. It seems that the decline of land transfer revenue has little impact on national fiscal revenue. However, the decline in the scale and growth rate of land transfer income is actually a huge test for local finance. By the end of June, 2023, the proportion of land transfer revenue to local narrow fiscal revenue dropped to about 20%, and the proportion of local government fund revenue was 87%. In the three years since the introduction of the "Three Red Lines", the local government’s land transfer income has been negative for two consecutive years, and the land transfer income is likely to remain at a low level in the second half of the year, which means that the corresponding government fund expenditure projects have insufficient investment support. At present, the repayment guarantee multiple of local government special debt has been reduced to 3.5 times, and the repayment pressure of local government debt will continue to increase, which may induce urban investment companies in economically underdeveloped areas to face greater repayment pressure in the future, and does not rule out the possibility of local debt repayment delay or debt default.

2. The debt repayment pressure of housing enterprises cannot be ignored.

It is estimated that the outstanding debt of housing enterprises in the second half of the year is 369.2 billion yuan, a decrease of 126.7 billion yuan compared with the first half of the year, which is still no small challenge compared with revenue. Among them, in the third quarter, housing enterprises will usher in the second small peak of debt repayment in the year, which is still a big test for housing enterprises; In the fourth quarter, the debt repayment pressure of housing enterprises may be eased. It should be pointed out that the fluctuation of RMB exchange rate may lead to an increase of 5%-8% in the overall debt service cost of housing enterprises this year compared with last year.

Affected by delisting and debt default, there was a big funding gap in the special loan of "Baojiaolou" during the year. According to the public information of listed real estate enterprises that have been disclosed, in addition to the three companies that have been delisted in the first half of the year, there are currently six listed real estate enterprises in Shanghai and Shenzhen, and nine listed real estate enterprises in Hong Kong have suspended trading for more than 18 months before the end of the year, which may lead to the risk of triggering the exchange to issue a delisting warning letter. In view of the fact that many of the above-mentioned housing enterprises are well-known large and medium-sized housing enterprises, with a large number of projects and cities covered, and most of them have experienced problems such as debt default, project shutdown, significant decline in sales and tight cash flow. If the impact of delisting is superimposed, the difficulty of continuing to promote the task of "guaranteeing the delivery of buildings" may further increase, and it will have a certain impact on the smooth operation of the market. Based on financial calculations, including sales repayment ability, construction and installation costs, accounts payable and other indicators, it is estimated that the funding gap of "Baojiaolou" related to real estate enterprises that have been or are facing delisting risks may reach 400-500 billion yuan during the year.

3. Financial risks of housing enterprises need to be paid attention to.

At present, the interest rate of housing enterprises’ bank loans is higher than their return on investment. Due to factors such as epidemic disturbance, financing difficulties and periodicity, the return on investment of real estate enterprises has suddenly and rapidly declined since the fourth quarter of 2021, and it continues to be lower than the average loan interest rate of financial institutions. In history, only in the middle of 2011, there was a brief "cross" between the return on invested capital and the loan interest rate, but at that time, the return on invested capital of real estate enterprises was still at a relatively high level of more than 8%. According to statistics, the weighted return on investment capital (ROIC) of real estate enterprises listed on the mainland A-share market has rapidly dropped from 6%-8% in 2018-2020 to less than 4%, and it was 3% in the first quarter of 2023. Although the weighted average interest rate of RMB loans of financial institutions has gradually declined in the past three years, the overall loan interest rate has declined by about 100 basis points. By the end of the first quarter of 2023, the weighted average interest rate of loans will be 4.34%. That is to say, from the fourth quarter of 2021, for the relatively high-quality housing enterprises that can get loans from commercial banks, the on-balance-sheet credit cost begins to be higher than the return on investment. Perhaps in the short term, housing enterprises can fill the short-term liquidity gap through bank loans, but in the medium and long term, they will have to shrink credit to curb high costs. Therefore, the input cost is higher than the rate of return, which leads to a sharp contraction in the profits of housing enterprises in the past two years, and even some listed housing enterprises suffer losses, which is also an important reason for the non-performing loans of banking housing enterprises.

In recent years, the balance and non-performing rate of real estate loans of state-owned banks and large and medium-sized joint-stock commercial banks have been "Shuang Sheng". In order to actively respond to the policy call, commercial banks increased their credit support to housing enterprises in 2022, especially in the second half of the year. By the end of 2022, the credit balance of sample commercial banks to housing enterprises reached 6.4 trillion yuan, up 3.8% year-on-year, and the balance growth rate increased by 4.2 percentage points compared with the end of 2021. However, the increase in credit has not effectively reduced the scale and growth rate of non-performing loans of housing enterprises. At the end of 2022, the total non-performing loans of sample commercial banks and housing enterprises reached 268 billion yuan, a year-on-year increase of 68%; The non-performing loan ratio of housing enterprises rose to 4.2%, an increase of 1.6 percentage points from the end of 2021 and an increase of 3.3 percentage points from the end of 2019 before the epidemic. The rising rate of non-performing loans of commercial banks’ housing enterprises is caused by many factors, but the problem of "sequelae" after three years of epidemic is more prominent. By the end of 2022, the proportion of non-performing loans of housing enterprises in the total non-performing loans of commercial banks has risen to about 20%, even exceeding the level of non-performing loans of the four major housing enterprises during the subprime mortgage crisis in the United States from 2007 to 2009, which must be paid enough attention to.

It is very difficult for commercial banks to continuously increase credit support for housing enterprises. Usually, commercial banks have two ways to deal with non-performing loans. First, if the operating conditions of housing enterprises change positively with the improvement of housing sales, commercial banks will seek to solve the problem of non-performing loans by extending the loan period and allowing borrowers to extend their existing loans appropriately. The other is inclined to shrink and reduce the loan business of housing enterprises to reduce the scale of corresponding concern loans, but this may lead more housing enterprises to face more risk of debt default. In view of the large regional differences in the current national real estate market, some housing loans focusing on the real estate market in third-and fourth-tier cities may still be risky in the future.

Third, policy recommendations to maintain the healthy operation of the real estate market

The "July 24" Politburo meeting further strengthened the wording of supporting policies in the real estate field, and proposed "adjusting and optimizing real estate policies in a timely manner to adapt to the new situation in which the relationship between supply and demand in China’s real estate market has undergone major changes". This is of great significance to the real estate market and China’s economic recovery, and the real estate policy needs to be adjusted and optimized according to the actual situation.

At present, the real estate market is gradually turning from a comprehensive downturn to a recovery, but we still can’t underestimate the resistance and hidden risks faced by the recovery of the real estate market. The repair of residents’ balance sheets needs more patience, and the release rhythm of individual housing loans may be longer than before. To fully understand the risks of housing enterprises, real estate developers are facing operational difficulties, the increase of non-performing loans, financing sustainability and other issues that deserve more attention, and the whole is in the process of reducing leverage in the medium and long term. It is expected that some eligible first-tier and key second-tier cities in the second half of the year may cancel or moderately cancel the restrictive housing purchase policy and try to implement "one district, one policy"; The supply side will further increase the supply-side support of housing finance and effectively resolve the financial risks of housing enterprises. In order to better release the market demand and prevent and control the risks of housing enterprises, nine policy suggestions are put forward.

The first suggestion is to guide commercial banks to further provide stable housing credit support for residents. In view of the demand for rigid first suites, eligible cities can appropriately reduce the down payment ratio of mortgage loans, including key second-tier cities and some first-tier cities; Commercial banks can reduce the mortgage interest rate by "adding points"; Increase the relaxation of local provident fund policies, and the maximum amount of provident fund loans can be increased by 50,000-100,000 yuan. We will ensure that 2.3-2.5 trillion yuan of personal mortgage loans will be added throughout the year, which will drive the proportion of personal mortgage loans in commercial banks to increase by 0.2-0.3 percentage points.

The second proposal is to focus on supporting the demand for rigid housing and ensuring the lower purchase cost of the first suite. It is suggested that for cities with relatively low property market, the implementation space of preferential interest rate policy for first-home mortgage should be reserved or the lower limit of interest rate for first-home mortgage should be phased out. In order to reduce the pressure on commercial banks, the central government’s discount loan policy can be introduced to give financial subsidies to the lowered interest rates, and the implementation period is temporarily one year. According to the leverage leverage relationship between personal mortgage loans and housing sales in the past three years, the amount of mortgage loans involved is about 40 billion, and the corresponding amount of housing sales is about 250 billion yuan.

The third proposal is to give preferential loans to buyers who just need and improve their needs in stages. In order to alleviate the initial purchase cost of property buyers, it is suggested to implement a preferential repayment plan for personal mortgage loans and provident fund loans, with a loan interest rate reduced by 20% and a preferential period of two to three years. After the preferential period, commercial banks can negotiate with lenders to allocate this part of the early preferential loans to the rest of the period.

The fourth recommendation is that first-and second-tier cities should moderately loosen the policy of restricting purchases and loans to release demand, expand sales and recover funds. At present, the supply and demand structure of the real estate market has undergone tremendous changes. The public and society generally do not have a strong expectation of rising house prices, and the possibility of a sharp rise in house prices is small. At this time, the conditions for loosening the policy of restricting purchases and loans have been met. It is suggested that eligible cities can apply the policy of "recognizing houses but not loans". The national housing demand is mainly distributed in the first-and second-tier cities and the eastern coastal areas. After more than three years of the epidemic, the per capita disposable income in first-tier cities and second-tier provincial capitals increased by 5.6% annually, and the compound growth rate of primary school students was above 3%, which were significantly higher than the national average. Thanks to the support of industrial structure, social public services and high-quality educational resources, it also provides a good foundation for first-tier and key second-tier cities to bring more rigid and improved housing demand. Historical experience at home and abroad shows that relaxing restrictive measures, effectively increasing housing supply, actively controlling land prices and reasonably guiding market expectations will not lead to excessive rise in housing prices.

The fifth recommendation is to maintain reasonable financing support for high-quality housing enterprises. It is suggested that commercial banks speed up the approval and issuance of development loans and appropriately increase the proportion of development loans in the loan balance to meet the reasonable capital needs of high-quality housing enterprises. Encourage and promote large and medium-sized commercial banks to increase the provision of intentional comprehensive credit lines, and effectively implement the intention agreement signed with housing enterprises. It is suggested that 1.75-2 trillion yuan of bank housing development loans should be added throughout the year, and the proportion of development loans in the total credit stock of the banking system should be gradually increased to 6%-6.5%.

The sixth proposal is to increase the implementation of the targeted easing plan for housing enterprises, and steadily and orderly increase the scale of special loans, M&A loans and refinancing for "Baojiaolou". For high-quality housing enterprises, especially the top-ranked housing enterprises in China and real estate projects with complete documents, we will increase the financial support of banks for the "second half" of real estate project construction, and increase special loans from policy banks, M&A loans and refinancing from commercial banks. During the year, about 700 billion yuan of loans related to "Baojiaolou" were invested, which improved the cash flow pressure of related real estate enterprises and gradually stabilized their business expectations. Encourage financial institutions to carry out M&A loans in a steady and orderly manner, and focus on supporting high-quality housing enterprises to merge and acquire high-quality projects of housing enterprises with difficulties. It is suggested that banks should participate in M&A loans of about 300 billion yuan throughout the year. It is suggested that commercial banks appropriately increase the refinancing plan for housing enterprises and reduce the financing cost of housing enterprises by using lower refinancing interest rates.

Recommendation 7 is to intensify efforts to create a relaxed non-bank financial environment for housing enterprises and creatively use the "second and third arrows of housing financial support policy". Intensify efforts to dispose of non-performing loans in real estate and innovate transitional financial instruments for housing enterprises. Direct financial support can be increased for housing enterprises with relatively good qualifications, including the use of bonds, trusts, REITs, credit default swaps (private CDS) or credit risk mitigation certificates (CRMW). It is suggested to increase the scale of credit bonds issued by real estate enterprises in the mainland to 600-700 billion yuan in 2023, and the credit bonds issued in the first half of the year were only 280.4 billion yuan, down 0.4% year-on-year. For housing enterprises with relatively difficult operation and excellent stock assets, we can consider rationally using local poverty relief funds or introducing asset management company AMC to alleviate the short-term cash flow and debt pressure of this housing distribution enterprise and reduce its liquidity risk and debt default risk. It is suggested to expand the scope of equity financing of housing-related enterprises and related industries (including construction industry or industries closely related to the upstream and downstream of real estate construction), do a good job in restarting equity financing of well-run housing enterprises, and effectively play the direct financing function of the capital market.

Recommendation 8 is to explore the establishment of a national real estate fund to support the disposal of non-performing assets in the industry in the medium and long term. Due to the huge stock assets of real estate developers, in the medium and long term, due to the continuous decline in the return on net assets, the behavior of real estate enterprises to reduce leverage may continue for a long time. At present, there are nearly 10 mainland listed real estate enterprises that have received the delisting process letter from the exchange, with a total long-term loan scale of over 60 billion yuan and a total debt scale of over 100 billion yuan, which is highly likely to become non-performing loans of commercial banks in the future. If we only rely on policy banks and state-owned banks to undertake their non-performing loans, it may only be short-term, so we need policies to start in the medium and long term to prepare for the systematic "burden reduction" of the real estate industry. In order to make forward-looking preparations, it is suggested to study the establishment of a national real estate fund, with an initial scale of about 300 billion yuan, which roughly covers the current scale of non-performing loans of commercial banks and housing enterprises, and continue to inject capital in the following years to systematically and medium-and long-term deal with real estate financial risks.

Recommendation 9 is to effectively increase land supply in first-tier and key second-tier cities in the second half of the year. In the first half of 2023, the land supply area of first-tier cities and second-tier cities decreased by 15% and 19% respectively year-on-year. Insufficient land supply was an important factor that caused insufficient land transactions in the first half of the year. Judging from the land auction in the first half of the year, some big cities sold land at the top price, and the relevant high-quality housing enterprises were very enthusiastic about taking land. However, in view of the limited number of centralized land supply, the total amount of land transactions was relatively small. In the second half of the year, there were two or more times of centralized land supply in many big cities. Local governments should increase the quantity of land supply, improve the quality of land, better meet the land reserve needs of housing enterprises, and increase the market supply in a timely and effective manner.

(The author is the chief economist and dean of the research institute of Zhixin Investment)

Editor in Charge: Fang Fengjiao Editor in Chief: Cheng Kai

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Rugby: witness the blood boiling in the rain

Guangming Daily trainee reporter Li Jie Guangming Daily reporter Wang Dong
On the afternoon of September 18th, the autumn rain continued, and the women’s and men’s rugby sevens finals of the National Games were held in Xi ‘an Institute of Physical Education.
On September 18th, Shandong team beat Beijing team to win the men’s rugby sevens final. Guangming Daily reporter Guo Hongsong photo/bright picture
In the first women’s rugby final in the afternoon, the United team beat Jiangsu 32-0 and won the championship. At the recent Tokyo Olympic Games, China women’s rugby team won the Olympic qualification for the first time, and successfully broke through, beating the Russian Olympic team by 22-10, and finally won the seventh place in the event, historically entering the top eight, creating the best ranking in the history of Asian teams.
The United team that came back from the Tokyo Olympic Games continued its level and style in the Olympic Games. "In fact, this is the third time I have participated in the National Games. This is the first time I have won the championship. I am still very excited." Chen Keyi, a member of the joint team, said at the post-match press conference.
"After coming back from the Olympic Games, we were isolated. During that time, the training conditions were insufficient and we could only train indoors, but everyone did not relax and were fully preparing for the National Games." Chen Keyi said. "I am not surprised that they entered the top eight of the Olympic Games and won the championship this time." Yuan Fengdao, head coach of the Beijing rugby team, said, "Before the Olympic Games, they had a collective preparation for three years, which they deserved."
On September 18th, Shandong team beat Beijing team to win the men’s rugby sevens final. Guangming Daily reporter Guo Hongsong photo/bright picture
On September 18th, in the women’s rugby sevens final, the United team defeated Jiangsu team to win the championship. Guangming Daily reporter Guo Hongsong photo/bright picture
"Beijing team, good job!" "Shandong team, come on!" In the cheers of the stadium, the rugby men’s final started. At the beginning of the game, the Beijing team led the Shandong team by 7-0, but then the Shandong team counterattacked all the way, never giving the Beijing team a chance to score again, and finally defeated the Beijing team by 26-7 and won the championship.
"It’s really a pity today. We made great advantages at the beginning, but we didn’t seize the opportunity later, and there was also a loss of position. Coupled with the influence of rainy days, we didn’t play real strength." Li Xuebin, a member of the Beijing men’s football team, said sadly when he walked off the field.
"It’s not easy for us to come all the way. It has been 10 years since the Beijing men’s team was established in 2011. From the fifth place in the preliminaries to the runner-up, it is really hard to stand in the finals today. " Wang Chongyi, head coach of Beijing team, said, "We entered the finals this time, relying on strength and fighting bravely. The old teammates when the team was built, some retired, some transferred to other teams, and some became coaches like me. Only a few players stayed in the team, but they all became dad-level players. In order to do a good job in this National Games, they rarely went home to reunite with their families and spent most of their time in training. "
When talking about the vision of the future, Wang Zhongyi said: "In fact, everyone still has some ideas in their hearts when they reach the final. Who is not training hard to get to the highest podium? At present, I am very satisfied with winning the runner-up, but I think that in another four years, we still have a chance to hit the gold medal in the National Games. "
Rugby is called "the sport of the brave and the strong" and is very attractive. However, compared with Europe and the United States and other countries with traditional advantages in rugby, China’s rugby "soil" can be regarded as relatively barren. "The popularity of rugby in countries such as Britain and the United States can reach 90%, while in China it is less than 1%." Yuan Feng said.
Rugby originated from a football match in England in 1823. After 1839, rugby was gradually developed in Cambridge University and other schools, and inter-school competitions became more and more active. Later, it became very popular in Britain, America and other countries. In 1900, Coubertin, then president of the Olympic Committee, introduced rugby to the Olympic Games.
However, this sport started relatively late in China, and not many people paid attention to it. In December 1990, the first football team in China was established in China Agricultural University. Subsequently, rugby was gradually developed in some large and medium-sized cities in China.
Rugby sevens is a well-known game in China. The game lasts for 18 minutes, divided into two games, the first half is 9 minutes, the second half is 9 minutes, and there is a 2-minute break between the two games. This kind of competition is characterized by short single game time, fast change of games, fierce confrontation and strong appreciation.
In 2013, rugby sevens was added to the National Games, and many provinces began to actively form their own teams under this background. At present, China has 22 professional football teams.
Regarding the current situation of rugby development in China, Yuan Feng said: "Children in Britain and the United States have been exposed to rugby since they were six or seven years old, while athletes in our country often started to contact it at the age of seventeen or eighteen." Chen Keyi, who won the women’s rugby final this time, also admitted frankly that she started practicing rugby at the age of 15.
"Rugby requires very high physical fitness. Compared with foreign players, the physical fitness of Chinese players needs to be improved. In the face of absolute strength, it is meaningless to talk about technology." Yuan Fengdao said that in the follow-up training, physical fitness is still a very important part of systematic training.
Regarding the development of rugby in China, Ma Jiale, head coach of the Beijing Rugby Women’s Team, said that the rugby foundation in China is relatively weak, and he hoped that the state would support it in policy so that more outstanding people could be discovered and kept playing. The integration of sports and education is a powerful measure to cultivate talents, so that excellent players can not only play football, but also learn. If it can be implemented solidly, it will be very beneficial to the development of rugby in China.
Rugby is a highly antagonistic outdoor sport, and many people are afraid to take the first step. "At first, I was quite scared, especially when I wanted to pounce and be tackled, but I gradually overcame it in practice." Chen Keyi said, "For me, at first I was more concerned about skin color. Later, I fell in love with this sport and felt the charm of this sport. Now I feel that my body is beautiful."
Guangming Daily (September 19, 2021, 04 edition)
Source: Guangming Net-Guangming Daily
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The Central Meteorological Observatory continued to issue a yellow typhoon warning.

  CCTV News:The Central Meteorological Observatory continued to issue a yellow typhoon warning at 18: 00 on September 4th. The center of the 11th typhoon "HAIKUI" (a strong tropical storm) this year was located at 5: 00 p.m. today (4th) in the southern Taiwan Province Strait, about 200 kilometers east of the Fujian-Guangdong border, which is 23.3 degrees north latitude and 119.1 degrees east longitude. The maximum wind force near the center is 11 (30m/s). The radius of the tenth wind circle is 20-30 kilometers.

  It is estimated that "Anemone" will move to the north-north direction at a speed of 10-15 kilometers per hour, and gradually approach the coastal area along the border between Fujian and Guangdong, and will land in the coastal area from Zhangpu, Fujian to Huilai, Guangdong in the early morning of the 5th (tropical storm level to strong tropical storm level, 23-28 m/s, 9-10), and then move to the west direction after landing, and its intensity will gradually weaken.

  Gale forecast:From 20: 00 on September 4 to 20: 00 on September 5, there will be 6-8 winds and 9-10 gusts in the Taiwan Province Strait, the southwest of the East China Sea, the northeast of the South China Sea, and the coastal areas of Fujian, the central and eastern Guangdong, and the western and northern coasts of Taiwan Province Island. The winds in some sea areas or regions will be 9-11 and the gusts will be 12-13.

  Precipitation forecast:From 20: 00 on September 4 to 20: 00 on September 5, there were heavy rains in most parts of Fujian, eastern Guangdong, southeastern Jiangxi, southeastern Zhejiang and western Taiwan Province Island. Among them, there were heavy rains in parts of eastern Fujian and southeastern Guangdong, and local heavy rains (250-300 mm). Some of the above areas are accompanied by short-term heavy rainfall (the maximum hourly rainfall is 30-50 mm, and the local area can exceed 70 mm), and there are strong convective weather such as thunderstorms and strong winds.

  Defense guide:

  1. The government and relevant departments shall, in accordance with their duties, do a good job in typhoon prevention and emergency rescue.

  2. Water operations and passing ships in relevant waters should return to Hong Kong to take shelter from the wind, strengthen port facilities, and prevent ships from anchoring, grounding and collision.

  3. Stop large-scale indoor and outdoor gatherings and dangerous outdoor operations such as high altitude.

  4. Reinforce or dismantle structures that are easy to be blown by the wind. Personnel should not go out at will. They should stay in windproof and safe places as far as possible, so as to ensure that the elderly and children stay in the safest place at home, and the dangerous people will be transferred in time. When the typhoon center passes by, the wind will decrease or stay still for a period of time. Remember that the strong wind will suddenly blow and you should continue to stay in a safe place to avoid the wind.

  5. Relevant areas should pay attention to prevent flash floods and geological disasters that may be caused by heavy precipitation.

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British television was accused of broadcasting Iranian President Mahmoud Ahmadinejad’s Christmas message.

Topic: picture channel


On the 24th, a newly decorated Christmas tree was placed in the Grand Square in Brussels, Belgium.


  25th is Christmas, a traditional western holiday. In the United States, President Bush and his family celebrated Christmas for the last time at Camp David, the presidential resort. In Britain, a TV station was accused of broadcasting the Christmas message of Iranian President Mahmoud Ahmadinejad. On that day, while festivals were celebrated in different ways around the world, travelers in some parts of the United States had to stay at the airport for the holidays because of bad weather.


  figure


  Obama encourages people


  US President-elect Barack Obama delivered a radio and Internet video speech on the 24th, taking the opportunity of Christmas to encourage people to share the financial crisis.


  Obama said that the current US economy has been hit, "millions of people have lost their jobs" and "more people are struggling to pay bills or keep their homes. From students to the elderly, I feel that the future is full of uncertainty. " He encouraged people to "do their duty to serve others, find new ideas and inventions, and open a new chapter for our country".


  Obama said: "If the American people come together and go all out to shoulder the historical responsibility, then we can let the people continue to work and point out a new direction for the country. Only in this way can we get through this crisis and make tomorrow better. "


  Obama also expressed condolences to the officers and men of the navy, army, air force, marine corps and coast guard serving overseas.


  Bush sent his subordinates jobs.


  This year is the last time Bush and his family celebrated Christmas at Camp David, the presidential resort. The Bushes, their two daughters and other family members gathered at Camp David in Maryland that day. Although in Maryland, their Christmas dinner is quite traditional in Bush’s hometown of Texas, including roast turkey, mashed potatoes and pumpkin pie.


  With Bush leaving office soon, many government dignitaries are worrying about re-employment. Bush was sympathetic to his subordinates and gave them a big gift-work-on Christmas Eve, which solved their worries.


  The Associated Press reported that the White House announced on the 24th that Bush had selected 24 part-time job candidates for 10 boards and committees, most of whom were right-hand men under Bush.


  For example, Secretary of State Condoleezza Rice was elected to the board of directors of the John F. Kennedy Center for the Performing Arts for a six-year term. Minister of Commerce Gutierrez was nominated as a member of the woodrow wilson international center for scholars Council for a term of six years.


  Chino, former vice minister of transportation and chairman of the 2008 Republican National Convention, will take office on the Trade Policy and Negotiation Advisory Committee for a four-year term.


  Mcbride, the housekeeper of First Lady Laura, was also awarded a three-year term on the board of directors of the J. William Fulbright Scholarship for Foreign Scholars.


  Ahmadinejad delivered a Christmas speech


  On the 25th, the British TV station Channel 4 broadcast the Christmas speech delivered by Iranian President Mahmoud Ahmadinejad, which provided the public with a window to understand the "alternative viewpoint", but it still attracted a lot of criticism.


  A spokesman for Channel 4 said that Ahmadinejad finished his speech in Iran with Persian quotations, and the whole process was highly confidential in advance. The producer of the program matched the speech with English subtitles.


  Ahmadinejad extended his holiday greetings to Christians in the program. However, the text of the speech shows that this holiday greeting is ironic.


  Ahmadinejad said: "If Christ were alive, he would join people in opposing the tyrannical and irritable expansionist power." The Associated Press reported that this clearly points to the United States and its allies.


  Ahmadinejad said: "If Christ were alive today, there is no doubt that he would hold high the banner of justice and fraternity against militants, occupiers, terrorists and bullies. If Christ were alive today, there is no doubt that he would resist the arbitrary policies prevailing in the global economic and political system, just as he devoted himself to it all his life. "


  Bourne, director of the news and current affairs program of Channel 4, said that Ahmadinejad was chosen as the protagonist of this year’s Christmas speech because Iran’s relations with western countries may become a key global issue next year.


  However, the efforts of "Channel 4" did not seem to help it reduce its criticism. Smith, head of the British Holocaust Memorial Center, said that Ahmadinejad’s message should be treated with caution. "Many of his political and historical views are very dangerous."


  Grunwald, chairman of the British Jewish Representative Committee, firmly believes that Ahmadinejad is not qualified for Christmas programs.


  Conservative MP Davis believes that the choice of "Channel 4" is "unacceptable at any level".


  event


  Snow and ice weather affect some areas.


  Passengers stranded at American airport on Christmas Eve.


  Some parts of the United States suffered from snow and ice weather on the 24th, which caused some airport flights to be cancelled and delayed, and many passengers preparing to go home for Christmas were stranded.


  As the second largest airport in the United States, Chicago O ‘Hare International Airport in Illinois had to cancel more than 100 flights on the 24th, leaving more than 500 passengers stranded. The day before, due to the ice storm, the airport cancelled more than 500 flights.


  Tommy and siobhan from Ireland spent their second night at O ‘Hare International Airport on the 24th. They had planned to go to San Diego, California for their honeymoon. When they arrived at the airport on the 23rd, the flight at O ‘Hare International Airport was cancelled due to bad weather. The couple can only leave on the 25th flight at the earliest.


  As they were preparing to go to the relatively warm San Diego, the couple were unprepared for the temperature near zero degrees Celsius in Chicago and were at a loss for a while. Siobhan, 30, said: "This place was supposed to be a transit station, but now there is nothing to do but wait."


  At present, the meteorological department of the United States has issued ice storm warnings and travel suggestions to most parts of the western region and parts of the central, western and northeastern regions.


  titbits


  Mysterious Santa Claus haunts Korean community


  The staff of a residential area in Jeonju, a city in southwestern South Korea, received a mysterious phone call on the 25th, reminding them to go to the parking lot to find a mysterious box.


  They found the box and opened it. It actually contained 20 million won (about 15,000 US dollars) in cash. There is also a note in the box that says, "Cheer up, breadwinners."


  The Korea Times reported that since 2000, this community has received cash from mysterious Santa Claus every Christmas, and has accumulated more than 81 million won so far.


  The staff suspect that this mysterious Santa Claus is a resident of the community, and he may not be well off, but he insists on donating his savings every year.


  Park Mingxi, the head of the community, said: "We are very touched. There is such a kind-hearted person living here." He said that he would distribute the money to 100 residents in the community.


  Add citizenship to Santa Claus


  Canadian Minister of Citizenship, Immigration and Multiculturalism Kenny granted Santa Claus citizenship on the 24th.


  Kenny said in a statement released in Ottawa on the same day that Santa Claus officially became a Canadian citizen and gained the right to enter the country many times.


  Kenny said: "The Canadian government sincerely wishes Santa all the best in his work on Christmas Eve. As a Canadian citizen, he has the right to enter Canada again after completing his world tour."


  The statement also said that Santa Claus wore traditional red and white costumes, which just echoed the color of the Canadian flag. (Wu Zheng, He Shan, Chen Lixi)

Editor: Wang Jiaolong

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Quanzhou Licheng promotes "Silk Road Friendship City" cooperation, exchange and win-win and common prosperity.

China Net News crosses Qian Shan, and then continues the Silk Road love affair. Seven districts and counties with different customs and people’s feelings have become attached to each other because they are important node cities of the Millennium Silk Road, and work together to build the "Silk Road" in the new era.

Recently, in Licheng District, Quanzhou City, Fujian Province, Licheng District signed the development cooperation agreement of "Silk Road Friendship City" with xiangqiao district in Guangdong, Luoyang Old Town in Henan Province, beilin district in Xi ‘an City, Gansu Province, Ganzhou District in Zhangye City, Dunhuang City in Jiuquan City, Gansu Province and Jimsar County in Xinjiang Uygur Autonomous Region.

According to the agreement, these seven ancient cities "Haisi" and "Lusi" will adhere to the principle of co-construction, sharing and common prosperity, constantly expand the fields of cooperation and exchange, promote mutual learning of civilizations, mutual sharing of resources, mutual exchange of information, mutual exchange of tourists, mutual promotion of products and mutual complementarity of industries, realize the fusion of urban alliances, and inject new kinetic energy into the initiative of jointly building "the belt and road initiative".

The signing of the agreement will push the cooperation, development and exchange activities of "Silk Road Friendship City" to a climax in 2023, marking the start of the "Silk Road Friendship City Alliance" and a new journey.

Ten years ago, the "the belt and road initiative" initiative was put forward, which made the ancient Silk Road glow with new vitality. As the starting point of "Haisi" and the core area of Quanzhou, a world heritage city, Licheng strives to inherit and carry forward the spirit of Silk Road, deeply integrates into the overall pattern of building "the belt and road initiative" and actively promotes the exchange activities of "Silk Road Friendship City".

Last year, Licheng started a trip to find "Silk Road Partners". In March this year, Beilin, Xiangqiao, Old Town and Ganzhou were invited to participate in the first "Haisi" Quanzhou Digital Cultural and Creative Expo, and "Silk Road Friendship City" signed a contract to jointly build it. Subsequently, Dunhuang City and Jimsar County actively responded and participated.

"It is the’ the belt and road initiative’ that connects our hearts and hands, and it is the Silk Road culture that makes us resonate at the same frequency." Huang Huican, secretary of the Licheng District Party Committee, said that this event, we invited important node cities along the Silk Road to gather in Licheng to continue the frontier and seek common development, which is of great significance to the development of the Silk Road Friendship City Alliance. I hope that the Silk Road Friendship City Alliance can be turned into an all-round high-quality communication platform, further optimizing the mechanism, advancing in coordination and building a win-win situation.

Wang Kesi, the head of Licheng District Government, said that at present, the exchange activities of Silk Road Friendship City have taken solid steps, and I hope to join hands with Silk Road Friendship City, adhere to the principle of co-construction and sharing, and jointly expand the "circle of friends" of regional cooperation, jointly create a "big channel" for collaborative development, and jointly build a "heart-to-heart bridge" for humanities exchanges.

According to reports, this year, under the promotion of "Silk Road Friendship City", enterprises from all over the world went out, invited in, cooperated first, and achieved fruitful results. The related projects involved cultural research, special diet, cultural and creative development and other fields.

At the exchange meeting site, Licheng Wenlv Investment Group signed a cooperation agreement with Yushang Loulan Muslim Restaurant in Xinjiang, Zhangye West Style Cultural Tourism Investment Co., Ltd. signed a cooperation agreement with Kung Fu Animation Co., Ltd. for Ganzhou City IP Theme Park, Guangdong Chaozhou Chunhui International Travel Service Co., Ltd. signed a cooperation agreement with Fujian Runpu Culture Media Co., Ltd., Shaanxi Travel Agency Association Library-School Cooperation Committee, Shaanxi Wing Up Study Institute and Fujian Zhongquan International Tourism Co., Ltd. signed a cooperation agreement for Xi ‘an research.

In the future, Silk Road Friendship City will carry out more in-depth cooperation in more fields. At the symposium on cooperation and development of Silk Road Friendship Cities, the leading guests of seven Silk Road Friendship Cities, Zhenghe Cultural Center in Malacca, Fujian Chamber of Commerce in Sri Lanka, Yan ‘an Literature and Art Society in China, Journey to the West Cultural Research Association and other institutions spoke freely on deepening and refining the cooperation and development of Silk Road.

“文化因交流而多彩,文明因互鉴而丰富。”洛阳老城区区委常委、宣传部部长丁雪峰表示,要积极运用好“丝路友城联盟”这个平台,在文化交流、文物遗产保护、文旅融合发展、经贸合作、产业互补、宣传协同等方面相互借鉴,汇聚各方优势,为高质量发展注入新的动能和活力。

泉州市政协原副主席、鲤城区文旅发展专家顾问李冀平表示, 7座“丝路友城”分别代表了草原游牧文明、华夏农耕文明、中华海洋文明,此次互动交流是贯彻落实习近平文化思想,弘扬中华优秀传统文化、探索中国现代文明创新发展的新实践。活动还邀请了来自马来西亚、斯里兰卡等共建“一带一路”国家和地区的代表参与,也体现了以鲤城为引领的“丝路友城联盟”开拓国内统一市场、主动融入国内国际双循环大格局的新探索、新尝试。

就“丝路友城”深入合作推动高质量发展,黄辉灿提出“五个一”举措:

秉承一个标准体系。融合7城特点及发展需求,凝练宗旨,策划生成具有代表性的标识,让“丝路友城联盟”平台的作用逐步彰显。

Establish a set of operating mechanism. Further optimize the system and mechanism, form an applicable and deepening cooperation charter, and continuously enhance the influence of the alliance; We will adopt the rotation mode of members, carry out bilateral and multilateral activities in a normal way, and set up liaison institutions to communicate more and communicate more frequently to promote cooperation in various fields.

Introduce a number of support institutions. Make full use of resources such as think tanks and fund institutions in the belt and road initiative countries and regions, give full play to the professional advantages of institutions, let professionals do professional things, promote various activities and projects, and make great influence; With a pragmatic attitude, we will solidly promote exchanges and cooperation, and strive to incite more resources to ensure that cooperation projects can be effective.

Create a number of practical results. Taking this signing cooperation as a starting point, we will promote more exchanges and cooperation between enterprises, accelerate the formation of replicable experiences and models, and release greater spillover effects; Give full play to the cultural advantages of the seven sister cities, plan and generate a number of activities such as tourism, cultural creation and sports events, create more consumption scenes, develop and expand the real economy, and further turn cultural advantages into development victories.

Build a good vision. Continue to expand the circle of friends of "Silk Road Friendship City", closely link "Haisi" and "Lusi", further improve the level of opening up and fully integrate into the domestic and international dual cycle; Actively go out, link the advantages of overseas Chinese relatives and chambers of commerce at home and abroad, build a communication platform, strengthen investment attraction, and achieve common prosperity and development in the collaborative sharing of resources, inject elements of "Silk Road Friendship City Alliance" into the initiative of jointly building "the belt and road initiative" and contribute to the strength of "Silk Road Friendship City Alliance".

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Why did China’s football get worse and worse?

Personally, I didn’t like football until I was about 15 or 16 years old. Actually, I didn’t like it much. I just liked it a little bit, but I didn’t devote myself to it. At that time, the atmosphere was not the same as it is now. At that time, there were no female guns and male stars, and the mainstream was iron-blooded men. Being a man would be tough and hard. Anyone who dared to stretch out his blue finger and casually freestyle would be killed by the people in the street.

The best way to be tough is sports. Therefore, among male students, if you don’t know much about sports, you will look like a soft egg in the eyes of your classmates. If you don’t watch the five major leagues, the Champions League and World Cup NBA, you will definitely develop abnormally. The more you devote yourself to watching football matches, the more you will look like a man. The more excited you are, the more eloquent you will be. It shows that you are professional and exuberant in male hormones. Boys think that with so much performance, girls will look at him more because of his exuberant hormones.

Everything in the world is related to sex, except sex itself.

I didn’t say this, but Wilde, the boring man. You have to settle accounts with him.

I liked football at first, just like joining a pyramid scheme gang. I was dragged in by my head. My roommate talked to me about football all day, walking, eating, sleeping and taking a shit in the bathroom. I was afraid that if I didn’t respond to him, he would be gay with me, so I was forced to learn football knowledge to show that I was normal. I was very man, and I was full of male hormones. Dude, you’d better not mess around, but I have never been very interested.

Really, just like my feelings for Kitahara, I really couldn’t find a better one in those days, so I’ll just try to like it.

If we put it aside now, right, then so-and-so, so-and-so, we will catch a lot of high-quality ones, although I can’t even remember the names.

My age of football enlightenment was Li Jinyu, Zhang Yuning and Li Tie, that is, the Li Tie who had just been fired as the head coach of the national team. He used to maintain the style of F4 in the early 2000s for many years, which was particularly recognizable. After being a head coach, his face was a lot rounder and his hair was a little shorter, but it was still much longer than that of ordinary boys. This shows how much psychological influence adolescence has on a person’s life. I can’t forget Toko Kitahara and Li Tie can’t forget F4’s long hair.

Because the players of that session were highly valued, playing against the weak team was just like playing for fun. Every time Li Jinyu scored a goal, he would learn from Guo Jing’s bow and arrow shooting. POSE was particularly handsome and very rhythmic. Although he lost to South Korea in the first game, he played against South Korea as a whole, and the momentum was fierce. The Korean media all thought that we were mental derangements, and we despised them even after losing, which was different from China people who always liked self-examination at ordinary times.

Because everyone has high expectations for that generation, sometimes when watching the game in the classroom, male students gather around the TV and score a goal, and the students are just like taking drugs. Some smash their desks, some howl like wolves, and some will grab the collars of the students next to them and shake others while screaming, making them twitch as if they were touched by electricity.

There were no entertainment activities in those days, and life and entertainment depended on the ambiguous eyes of female students and sports competitions.

In the 2000s, because a Yao Ming suddenly appeared in basketball, I only watched the NBA. After Yao Ming retired, I didn’t even watch sports events, so I concentrated on earning money to support my family.

Earning money to support the family is actually much more technical and practical than sports competitions. I don’t even want to come out here.

Occasionally, I saw the news of football in China, which basically showed a bloody collapse trend. The more I kicked, the more I collapsed. At the beginning, there were still several people studying abroad in Europe. Later, there were fewer and fewer people studying abroad. Now there is only one Lei Wu left. Now the national team seems to be reduced to the top eight in Asia, and it is often beaten on the face by Syria and Thailand. In the end, the China men’s football team has simply become a domestic emotional trash can and has become the object of collective banter. Since 2002,

Strangely, however, the Super League was extremely hot in previous years, and it was once known as the "sixth largest league in the world". Guangzhou Evergrande even won the AFC Champions League twice. In 2019, the average salary of Super League players reached about 6.5 million RMB. The average annual salary of the most expensive players in Guangzhou Evergrande and Shanghai Shanghai Shanghai was about 12 million RMB, and the worst player in Beijing and Shanghai also reached 2 million RMB.

This phenomenon that the league is hot and the national team is weak happens at the same time, which makes China football look very strange.

So what is the reason that led to this phenomenon?

Out of curiosity about the origin of all things, I chose to visit many domestic footballers who have been running around the world for 20 or 30 years and ask them why China’s football has been playing more and more in the past 20 years. Interestingly, everyone’s answers are surprisingly consistent, and there is a relaxed attitude of "You guys have seen through the world of mortals for a long time, so what should you do?".

After synthesizing everyone’s opinions, I gradually figured out the root logic of China’s failure in football.

Before writing this reason, I would like to remind you that, unlike our industrial party, which always feels confident that there is a sea of stars in front of us, most people in the sports and entertainment circles are still a little sad. At least three people in the football circle have used the phrase "China football is the epitome of China society" with me.

But as far as I know, this sentence is wrong.

China football and China entertainment circle are not all the epitome of China. Accurately speaking, they are only the epitome of China’s negative energy. China football circle and entertainment circle are relatively deformed, and they are also deeply related to finance, real estate and other industries. Because the starting industry of money itself is not normal in China, it is not normal to reflect on them. If you want to compare China industrial circle with China entertainment circle, it will be another world.

Back to the main question, why did China’s football (mainly referring to the men’s national team) play so badly?

It’s just that the players who play football are not good.

Then why are the players not good at football?

To put it simply, the fastest growth time of football players’ personal level is in the period of teenagers, but the level of football teenagers in China is not good.

We all know that no matter what line of work, the best person must be a combination of "high talent and diligence", and both of them are indispensable. Moreover, whether it is sports or literature and art, high talent can be seen in adolescence, whether it is Go, piano, writing, running, singing, dancing, basketball, or even physics and mathematics, it is clear at a glance when you are a teenager.

There is a saying in the world of Go, "If you are not a national player at the age of 20, you will be hopeless all your life", which is the truth.

Yao Ming in his teens, James in his teens, and Lang Lang in his teens all showed super-high talent in their teens, and became an industry elite in their adulthood. No one did not show his talent and did not undergo cruel training after the age of 20, and then he suddenly became extremely awesome in a certain field.

Even Tik Tok online celebrity, who was hit by the Universiade, became popular because of one sentence and one thing, and often passed away quickly, because there was no talent to continue exporting.

Including myself, I have 20 years of writing experience to write articles, and I don’t suddenly write things. I started writing novels when I was in junior high school. Every morning, the whole class is waiting for my novel to be updated, and I will circulate it to each other every morning, and the cover of my notebook will end up like oil residue.

If the highest score of football players is 100 points, let’s assume that Pele, Diego Maradona, Cristiano Ronaldo and Messi have a total score of 95 points (fans don’t come to wrangle, thank you), then they should reach the level of about 80 points before they reach adulthood. The league will improve their level, but the space is not as big as expected. The league mainly plays a role in maintaining a high level.

The Super League is very prosperous, but it doesn’t improve the level of China men’s soccer team that much, because they were locked at the level of 50-60 points in adolescence, and the league will make them rise to 65-70 points, but the upper limit is too low.

The Super League is helpful, and we can also pull a group of people out of the league to bully the fishing club, but the Super League is not the core reason that determines the level of the national team.

When you look at the time when international football stars became famous and began to make achievements, they usually started around the age of 18. For example, Messi became famous at the 2005 World Youth Championship, when he was just 18 years old. The next year, Diego Maradona called him his successor. Cristiano Ronaldo also became famous at the age of 18. In 2003, he moved from Sporting Lisbon to Manchester United for 12.24 million pounds, because at this time their total score was very high and they began to dump our players in the same period.

Of course, we have some high-level and good prospects. Don’t believe any strange theories of race and culture. I said that it is hooliganism to talk about problems with culture. We can have talents from all walks of life. How can 1.4 billion people not have a football genius?

In fact, India also has all kinds of talents, but it is buried and there is no platform to play.

However, when our players are teenagers, they encounter two big problems, which make their level stuck in the low level range. One is the lack of excellent youth football teachers, and the other is the lack of a lot of opportunities for practice.

As mentioned earlier, a master must be a combination of "high talent+diligence". High talent needs guidance, or it will be ruined. For example, Yao Ming is a basketball family. This is no problem. Lang Lang studied with Professor Zhao Pingguo at the age of 9 and has always been supported by experts. If he was born in a bad environment, his road to fame would be a hundred times more difficult.

Many children in Beijing can get the top resources in the country after they are born. Being famous in Beijing means being famous all over the country. Therefore, a large number of writers and singers are likely to emerge in Beijing, while a child from Sichuan, Hunan and Shanxi is ten million times more difficult and has to work ten million times harder to reach the same height. Because he has no resources and platform, he can only bite his teeth and die.

Do you say that children in Beijing are born with better talents than those in Shanxi? I don’t believe it.

There has never been any real fairness in this world. We were born to overcome all kinds of unfairness.

By the same token, compared with foreign countries, our football players were led astray in their youth, because we were short of excellent youth football coaches.

Ali Shaw, a Dutch coach who worked in our national team, once said an argument:

"The success rate of youth football training is high, and 70% depends on the level of young football coaches."

The highest level a player can reach as a teenager is not far from his final destination.

Our coaching level from children to teenagers is very low.

Maurines, a Spanish coach, came to Shanghai Shenhua Youth Training Department to work. In an interview with diariosur, a Spanish media, he said that our youth training coach can only play strength and run, and he is very weak in training technical and tactical abilities.

About 20-30 years behind Europe.

Some of our coaches with C-level coaches or D-level coaches’ certificates can’t do a good job of passing the low flat ball with their arches. They can only teach their children to run and shoot, and Spanish children of the same age can already open the space to send a straight ball.

Our youth football coaches are not only of low quality, but also lack of talents.

Like Spain, with a total population of less than 47 million, there are as many as 15,000 coaches with UEFA A-level certificates, 84,300 in Japan, a leading Asian country, and 600 in Iceland, a country with a population of only 360,000, 400 of whom have UEFA B-level certificates.

In China, a country with a population of 1.4 billion, in 2018, there were only over 40,000 coaches registered with the Football Association, only half of that in Japan. There were 11,855 C-level coaches, 2,298 B-level coaches, 985 A-level coaches and 158 professional coaches who could teach children a little.

The number of A-level coaches in our population of 1.4 billion is only 6.6% of Spain’s population of 47 million. There is only one A-level coach for every 1.54 million people in Spain, and one A-level coach for every 3,133 people in Spain.

There are only six A-level coaches in a big city with a population of 10 million, while there is one A-level coach in a community in Spain.

How can you beat Spain?

If you want to beat them, the Spanish coaches should not be collectively angry.

Moreover, the salary of most grass-roots football coaches in China is 5000-8000 yuan per month, which makes people have no motivation to stay for a long time in first-and second-tier cities.

What makes China football change fundamentally is not how hot the league is held, but the emergence of a large number of excellent coaches covering the grass roots, so that these coaches can earn income to support their families and have room for promotion. Then, under the guidance of these coaches, talented children can become world superstars.

Only with Bole can a swift horse be selected and trained. Without Bole, China football would be completely blind.

Then why is China so good at table tennis, badminton, diving and weightlifting, but China football can’t copy their methods?

Because football is the most competitive sport in the world.On the whole earth, the competition of table tennis, badminton, diving and weightlifting is far less than that of football. The competition of football starts with dolls and is basically stereotyped by teenagers. It is necessary not only to be talented and let people pick it out, but also to practice with a large number of people.

Pay attention to this word, it must be "a large wave of people often play", not a small number of people who train hard like table tennis and badminton.

This involves the second problem of diligence in "high talent+diligence". This diligence is not an individual’s diligence, but a group’s diligence based on a large number of grass-roots clubs.

A large number of excellent grass-roots coaches ensure the selection and training of highly gifted children, and a large number of grass-roots clubs ensure the growth of children.

Let’s take Ronaldo as an example.

Cristiano Ronaldo’s father is equipment manager of Andorinha, an amateur football club (that is, a handyman), so Cristiano Ronaldo trained in this club at the age of 7. Because of his good foundation, he was signed by the best local national club at the age of 10. When he signed it, he only spent 22 footballs and two sets of jerseys. After three years of careful training, Cristiano Ronaldo won half of the team’s goals here and was later attracted by Sporting Lisbon. At the age of 13, Cristiano Ronaldo moved to Sporting Lisbon for 1,500 pounds and played at the age of 18.

Messi’s experience is similar. At the age of 5, he started playing football in amateur grass-roots clubs. His father was the coach and taught him personally. From then on, he was promoted to the old boys Club in Newell. At the age of 11, he needed treatment because of dwarfism. Newell dared not spend the money. At the age of 13, Messi was taken to the youth training camp in La Masia, Barcelona, Spain by coach KUKA, and he also got treatment opportunities. Since then, he has become famous in Barcelona.

In fact, Japan is learning from the model of "a large number of excellent coaches+grassroots amateur clubs" in Europe and South America, which makes Japanese football play stronger and stronger in Asia.

Reporter Miao Yuan once interviewed Japanese youth training coach Chiba Taishin, who used to be a professional player and worked as a youth training coach for 20 years after retiring. According to his reaction, many football teachers in Japan are volunteers, playing with their children when they were young. In junior high school, children can train three times a week and play once. In middle school, Japanese football will form a three-legged team, a social team and a professional echelon, with a large number of campus and social players. The level of the top 32 social teams in China is close to professional.

In the 12-15-year-old echelon of professional teams, only 1% of the outstanding talents are selected from these teams. Because there are a large number of grassroots units, excellent seedlings come up.

Chiba Taishen also said a very important point: children should master basic football skills at the age of 10-12, and improve their understanding of football after the age of 12, and combine skills with football understanding.

I doubt very much how our scarce football coaches, and most ordinary coaches, can make our children in China master basic football skills at the age of 10-12.

With grass-roots clubs and enough students, we have to let them fight at this time.

An interesting point is that the vast majority of football powers in the world are actually not vast countries, and the football level of countries with large areas is actually not outstanding, like that of China, the United States and India.

Why is it easy for a small country to practice strong football? It is because regional confrontation can often be organized without making the young players so tired.

Even in countries like England and Italy, which we don’t think are so big, teenagers and Italian C try their best to compete in different districts. When amateur clubs compete, the driving distance is guaranteed to be within one or two hours, so as to try to go and return on the same day without wasting everyone’s time and energy on the bus.

An hour or two’s drive is too extravagant for China. In the past, it would have been enough for Shaoyang to drive to Loudi to compete. Even if there is a high-speed train now, we have to change trains when we get off high-speed railway station. Our Shaoyang team wants to pick Changsha, and it will take four or five hours to change trains, so the little players will be exhausted.

Therefore, it is best to divide a province into several small areas, so that young people in small areas can confront each other more, and let them experience the beatings in the world and the pressure and happiness of growing up from an early age.

Then some people may object to this view and say Brazil? People are as big as Brazil, and a state is quite a country in Europe. How can people do so well?

Brother, Brazilians are actually suffering. It took them nearly 50 years to complete the national league, and it was only in the 21st century that they made their living mainly in coastal states, relying on state leagues. Small-scale regional confrontation is the basis for their talents to flourish.

We look at how the world’s football powers have risen, and soon know where the main vein of football development lies.

After the World War II in Germany, Herbega, the coach director of the Football Association, planned to "train 100 excellent coaches first, teach 100 people for every one, and train 10,000 coaches."

Ten years later, the Federal Republic of Germany won the World Cup in Switzerland in 1954.

Up to now, Germany has turned the German Football Association into the largest single sports association in the world, with 24,481 clubs, 145,000 teams and 7.17 million registered players.

But among the 7.17 million registered players, only 1,500 people finally make a living in this line. These 1,500 people are really one in a million.

So how can China beat the Germans?

If you want to beat them, German coaches should not be collectively angry.

By the way, the salary of German youth coaches is five to ten times that of ordinary people. Think about the salary of China youth coaches of 5,000 to 8,000 yuan, which is really invisible. That’s why youth coaches try to ask for bribes from players.

Let’s take a country with small boobs as an example to see how Icelandic football has become strong. The case of this country is more representative.

Iceland has a population of 330,000, so it’s normal that people can’t beat others. All of them have to go to work, and the weather is cold. There are few football fields in China, so it’s difficult to get a team out. Everyone understands, but the Icelandic Football Association has made great efforts to strengthen itself. In 2000, it began to build nine large indoor football stadiums all over the country, and every school and village also built football fields. By 2015, a total of 179 standard football fields and 128 football fields were built.

Moreover, since 2000, Iceland has trained 600 professional football coaches like crazy, 400 of whom have the UEFA B-level coaching certificate, which is equivalent to one professional coach for every 100 young men of the right age. In addition, due to the small space, they can often be pulled together to engage in confrontation, and the level has risen steadily.

By the European Cup in 2016, the Icelandic team began to make achievements, with two draws and one win in the group stage, killing England in the quarter-finals and successfully reaching the quarter-finals.

Think about what it would be like if China could reach the quarterfinals of the European Cup.

But it took Icelandic people only 16 years.

So you see, as long as we start from the roots in a down-to-earth manner, we can start football.

Therefore, everyone should understand a truth. In the most competitive sports subdivision industry in the world, football must start with dolls, and there must be a large number of amateur bottom clubs+youth leagues+fierce confrontation in small areas+a large number of excellent grassroots coaches, and then an excellent adult top league and an excellent national team can be established.

The result of the national team is the final result, and the national team is not the cause of the matter.

Then why is the foundation so poor? The Super League has been quite lively in the past few years, and even won the AFC Champions League?

This question is relatively simple.

The Super League looked prosperous in the past few years because of its interests.

Many companies go to the Super League, and their purpose is not football at all, because all football clubs in China are losing money. The poor income of Chinese football clubs is simply not enough to plug their teeth, but how can they do business at a loss?

This is the same as opening a five-star hotel. I usually love to explore the business model and find that most five-star hotels in China are unprofitable. Hotels that invest 10 billion yuan can earn up to 100 million yuan a year, and the input-output ratio is too low, and most of them are still losing money. Five-star hotels in Shaoyang are extremely well built and the cost is so high, and there are few guests at all. I don’t know how they maintain it. It is a bad business here.

It was not until later that I learned that a five-star hotel is actually a part of the infrastructure. If you build a five-star hotel, the local government will try to make it up for you in the land or other places, so that you can earn money from other places.

Chinese football clubs also mean the same thing. Bosses vote for football mainly to earn money from local governments, finance and other places, but they are not interested in football.

So you asked him to spend ten years building a youth training system. How could he have this idea? I don’t even know where it is five years later. I’m crazy. Why did I invest so much money to build a youth training system?

If the boss insists that I build an echelon, then I’ll just build an inspection to cope with it. Anyway, we can’t do a ten-year talent training plan that consumes money and energy.

Therefore, in the first year when Lippi coached the national football team, he reflected that China professional clubs didn’t even have a complete echelon construction. How many years have it been?

A senior person in the sports field told me that when Jiangsu Suning scored well, Jiangsu Sports School directly gave the echelon to Suning, and then Suning directly dissolved it.

You can pay attention to one thing. Chinese football clubs especially like to smash foreign aid with deep pockets, but they don’t train local young players. First, because it is easy to make achievements, they can quickly smash an AFC Champions League with money and get recognition from the top. Second, buying directly in the peripheral market, large transactions can generate huge amounts of money flow, and everyone in this link, from the general manager, translators, brokers and coaches, is eager to get kickbacks.

Since in China, the club can’t build a youth training echelon for his special motivation, why can’t we learn from South America, Europe and Japan, and build a large number of amateur clubs at the bottom? Let China players raise their level to 75-80 points when they are young, and then keep a high level in the league. How many stars with 85-90 points are there?

This problem is much more complicated, and it involves more economic chains.

If we compare Japan and Germany, we lack a large number of well-trained excellent coaches, and we can’t keep these people struggling in their posts for decades, and a football market has not formed.

If we compare South American countries, we lack a large number of volunteers. Many parents in South America are free volunteers in amateur clubs. They have fun by themselves, and they also take their children to play together. They can often play all night on the court.

These two points are difficult to achieve in China.

Training a large number of excellent football coaches requires a long-term 10-year plan, which requires administrative power. After the training, these people have to be prevented from changing careers easily, and there is a shortage of volunteers. In fact, parents in China are very busy, and they are not on the same level as Europeans, Japanese and South Americans.

China is now the fastest-growing economy in the world. Everyone needs to keep up with the big forces economically and make a determined effort to earn money. Because if the class leap cannot be achieved now, it will be several times more difficult for the later generations to achieve it. Everyone is working hard to earn money. Where can they spare time to volunteer at the football field?

Therefore, we can make a comparison. Either developed countries have perfect wages and benefits, or South American countries, whose economies are flat and often harvested by the United States, have perfect amateur clubs at the bottom, and such clubs are not for profit. China is now in a special historical stage. Many people have just become urban citizens from rural areas, and a large number of high-quality young people are still seizing emerging jobs such as the Internet and finance. They are all buying the first car and the first suite in their lives and have no time to participate in football grassroots projects in person.

Everyone has the opportunity to change their destiny, and it is not football’s turn to grab time for the time being.

I think that if China’s economy stagnates one day or becomes a developed country, football will be much better than it is now.

You may be tempted to ask, then why did China’s football and basketball, which were good in the past, fall into this state now?

Because it used to be a national system, this system has been scolded for decades in my impression, and it has produced many drawbacks, saying that it is a waste of people and money, which is the wrong way of socialism in the past, but in fact, the national system also has its excellent side. In the past, good players were actually selected from sports schools at different levels and then practiced hard behind closed doors. In 2002, that wave of players was actually the last performance of players trained by the national system.

After that wave, the level of players became worse and worse, because the old system was overturned, but the new system was not established, and the bottom-up basic population such as South America and Europe was not established, so they played worse and worse in the past 20 years.

It is not anyone’s fault that a new system has not been established, but it is decided by the stage of China’s times.

We have seen that some small countries, such as Qatar and Viet Nam, can often abuse the men’s soccer team in China. In fact, they have just set up a team with a little meager funds, and the government has stepped forward to set up a youth training center, which has achieved results in a long time.

The children in China, without government organization, received expensive and wrong guidance in their teens, but after the technology was formed, they couldn’t play with the small professional guidance.

It’s a bit like people are using the national system that we don’t use to attack the unhealthy market system that we haven’t formed.

Of course, because this country also lacks the bottom operating system in South America, it can only bully China at most, and it is very difficult to go any further.

"Usually our poor youth football population is just making up the numbers." A big shot in the circle sighed and said this to me.

In fact, in all areas of deep competition, the sports circles in China have encountered the same problems as football.

For example, in basketball and volleyball in China, the results are getting worse and worse. Only the middle of the women’s volleyball team was saved by Lang Ping. That’s because the competition of women’s volleyball in the world was not so fierce. Lang Ping saved a group of teenage girls in time and caught up with them through a lot of hard training.

If nothing unexpected happens, the three major events in China, regardless of men’s and women’s events, are all due to the fact that the new system was not established when the old system was transferred to the new system, which is an inevitable historical trend.

The former China Women’s Football Team, the 2002 China Men’s Football Team, and the former Yao Ming, Wang Zhizhi and Li Na were actually trained from the old system. They were the beneficiaries of the old system. Now the new system has not been built, and China’s special historical stage has made the three goals worse and worse.

Those leagues that look like red fire can’t hide the failure of our construction at the bottom of this fierce global competition.

Finally, give some advice to China football:

1. Learn from Germany and Iceland, establish a football coach training system, and strive to have thousands of professional coaches in each key city.

2. Through market-oriented operation, these coaches are guaranteed to survive and stay, and there is still room for salary increase. (This is the hardest)

3. Without thinking about doing a good job in football all over the country, we should set aside one or two key provinces, decentralize coaches in these provinces, divide these provinces into different small regions, and launch fierce youth leagues in each small region. If possible, it is best to set up three teams, such as youth training centers, youth training points of football associations and cooperative schools of clubs, like Germany, to select outstanding talents from them.

4. Choose a leader with a long term for about ten years, and be patient to do it.

If it really doesn’t work, it’s ok to engage in the previous youth training system.

Of course, in fact, football is a sport and entertainment, and it is not so important in essence. As I said before, "earning money to support the family is actually much more technical and more practical than sports competitions." Now our country focuses on aerospace, the belt and road initiative and the prosperity of the whole people. Compared with football, football is really insignificant. No matter how well you play it, there is no chance to raise your head and speak in the face of the powerful economic and technological gap.

If football scores can be exchanged for the improvement of the living standards of the whole people, I believe that people in Brazil’s slums must raise their hands in favor.

We have a wider sea of stars and dust, and we can take it slowly in the back.

According to the present situation, football in China may still linger for a while, but it doesn’t matter. The best chance to plant a tree was ten years ago, and the second best chance is now.

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What is culture? What is culture?

Everyone knows the word "culture" and can generally understand the basic meaning of the word "culture", but what is culture? What is the definition of culture? There are not many people who can answer it or answer it completely. I don’t blame you, and no one has to blame themselves. Because, although human civilization has lasted for 5,000 years, up to now, due to the lack of real understanding of the extension of culture and the infiltration of different historical views, the concept of "culture" has not been universally accepted by everyone. Let me briefly list it below. Do you agree with that one, or try to give it to "?

First, the definition of "culture" According to statistics, since the history of civilization, there have been countless definitions of "culture". According to the statistics of "An Introduction to Cross-cultural Communication", since 1871, there have been more than 300 definitions of "culture" in the world, too many, and some of them are not in line with our traditional culture and values, so we omit some and choose to list them as follows.

1. The word "culture" comes back. The word "culture" in China first appeared in the Book of Changes: civilization stops, and humanity is also. Look at the humanities and turn it into the world. Here, "Wen" and "Hua" have not yet been linked together, but the meaning is already there. The main meaning of "cultural success" is "civilized education". What connects the words "Wen" and "Hua" is Liu Xiang’s "Shuo Yuan" in the Han Dynasty: where martial arts flourish, they refuse to accept it, their culture does not change, and then they are punished. Liu Xiang’s word "culture" means "Wen Zhi" as opposed to "Wu Zhi". It can be seen vertically that the words "culture" used above mainly refer to the contents of "morality" and "rule by virtue", and are not the concept of "culture" in a complete sense.

2. Marx’s definition of "culture" "Culture" is the sum total of the lifestyle of a country or a nation. It is believed that people’s lifestyle is "culture", and what kind of lifestyle is there, such as China culture and American culture.

3, Xu Jialu in the article "On National Cultural Security" elaborated"Culture" can be summarized into three parts: one is to deal with the relationship between people; The second is to deal with the relationship between man and nature; The third is to deal with the relationship between reality and the future. Furthermore, it is believed that these three articles are the core content of human culture and the most fundamental problem of culture.

Note:Xu Jialu served as Vice Chairman of the National People’s Congress Standing Committee (NPCSC), Chairman of the Central Committee of the Democratic Progressive Party, Director state language commission and Special Adviser of the Maritime Silk Road Association.

4, philosophy and sociology subject understanding:"Culture" is a process, a state and a realm of human development, and the integration of process, state and realm is the true meaning of culture.

5. Most people in the field of science and culture believe that"Culture" is a relatively stable, independent and complete sum of social norms that human beings maintain the survival and development of various social groups.

6. Anthropological groups believe thatEverything between a group that is different from other groups except genetic genes is called "culture". Here, they regard culture as a variable of economic development, which is prone to the problem of cultural autocracy or chauvinism.

7, empiricists believe thatCulture is produced in the common life and work activities of human beings, and it is the core of mutual recognition within the nation.

Second, the characteristics or characteristics of "culture" There are many characteristics of "culture", but there are three main ones.

1. Culture is a derivative of human evolution.Natural existence is not culture, only what is processed or produced by human beings intentionally or unintentionally is culture. The commonness of human beings is not culture but human nature, and the characteristics of individuals are not culture, but personality. What is inherited is not culture, but instinct. Culture is a social product created by human beings and accepted or followed by members of society. What is privately owned by individuals and not understood and accepted by other members of society cannot be called culture. For example, attraction between men and women is not called culture, but marriage in love is culture, because it is natural instinct for men and women to like each other, while marriage in love is acquired.

2. "Culture" has the characteristics of applicability.. Once "culture" is formed, it has adaptive characteristics. Under certain conditions, people must adapt to it, otherwise it will be eliminated or marginalized, that is, "anomie". Of course, if you are strong enough, you can also try to change the "culture". Usually, this is what revolutionaries and reformers do. This leads to the problem of "culture" inclusiveness. Generally speaking, a strong culture is less inclusive, while a weak culture shows a higher tolerance or tolerance. Cultural inclusiveness is positively related to social openness and cultural civilization.

3. "Culture" is hierarchical. It is roughly divided into three layers. The first layer is the surface layer, which is mainly expressed through human’s basic necessities. For example, eating without snapping your mouth, walking with your head held high, etc. are all manifestations of "culture" The second layer is the middle layer, such as art, customs, rules, law, religion, etc. Their common feature is to express their thoughts or will with the help of materials. The third layer is the bottom layer, which is what we usually call the bottom logic. This bottom logic refers to the outlook on life, values, ethics and aesthetics. These "four views" reflect the relationship between people, people and nature, reality and future, which constitute the soul of a nation.

The three layers of "culture" are not insulated and often interact and link, but it is relatively easy to change food, clothing, housing and transportation, and it is relatively difficult to change the underlying culture.

Third, the value or use of "culture" The value of "culture" to life is multi-angle and multi-faceted, and it is impossible to exhaust it. Here, we only choose the role of "culture" in explaining the most valuable life dilemma, and it is useless to talk a little.

1, a culture can "reveal" their own life difficulties, and criticize or vent.. Qu Yuan’s "asking for heaven" belongs to this category. For another example, poor and ugly people, when buying goods or receiving services, often dare not question the quality of goods or services, and are used to finding reasons from themselves. For example, an ugly woman’s hair is broken, and she dare not blame the stylist, but blame herself for being ugly.

2. Give value to the dilemma.For example, Mencius, the sage of Asia, said: Therefore, people are going to be demoted, so they must first suffer from their minds, work hard on their bones and muscles, starve their bodies and skin, and be empty of their bodies, so they can’t be patient. Another example is the saying that difficulties are tempered. Another example is that the young people’s death to save the elderly is negative from the biological point of view, but if it is explained by "culture", it belongs to a positive and worth promoting behavior.

Expounding the above reason, I mainly want to explain that, with or without knowledge, one can understand or learn the above thinking or thinking mode, even if he is "literate", otherwise, no matter how much he recites, he can’t be said to be a "literate person", and using the calligraphy of the phonograph world is called the study of asking questions.

Fourth, what is "literate" According to the above concepts and analysis, although "culture" is the externalization of knowledge, the cultural connotation of externalized knowledge is far from this. Therefore, having knowledge does not mean having culture, so how can it be regarded as "having culture"?

1. Only knowledge can lead to culture.Knowledge is the shell and expression of culture. Without knowledge, it is not only difficult to form a scientific way of thinking, but also difficult to express and communicate effectively. To reiterate, knowledge refers not only to book knowledge, but also to life experiences, experiences and civilized achievements that have been sublimated into culture, such as life knowledge, labor skills and people’s common habits.

2, can use knowledge and use knowledge to build values recognized by the orthodox system, is a culture.Culture is essentially a quality, and a qualified person has the ability to explain the value world and transcend the survival difficulties. In short, a person with culture and quality not only has the ability to create the value world, but also can let himself and others transcend the survival difficulties in the future.

Description: 1,Culture is the main symbol of human evolution from animals. Animals have no culture, only humans have culture. 2. The word "value" has the same meaning as the word "meaning", but the difference is that "value" is a foreign word, while "meaning" is a local word and a traditional term.

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German doctor exposure: There is a disease that is the hardest hit area of "over-medical treatment" or becomes a means of making money.

According to news reports, a woman named Wagner in Germany was arrested because.The back pain is unbearableShe went to the hospital for many times, and the attending doctor made a variety of diagnosis and treatment plans for her, but all of them had little effect.

Seeing that conventional treatment was ineffective, Ms. Gewana came up with the idea of radical cure of back pain through surgery. However, after many operations in the plastic surgery hospital, Ms. Gewana’s back pain has not eased, but has become more and more serious.

According to a report in the German weekly Der Spiegel,In two years, Ms. Gwana underwent six major operations and treated 26 spinal positions.. However, complicated surgery still can’t completely solve Ms. Wagner’s back pain. Now she is 80 years old and has to rely on a walker to walk.

In fact, cases like Ms. Wagner are not uncommon. According to the data, in 2020, there were 387,000 back operations in Germany, 71% more than 14 years ago, and more and more spinal interventions can be paid separately in each operation. In this regard, many medical experts began to question the rationality of such operations.

By analyzing the data of more than 7,500 people from 2015 to 2021, German doctor Michael Belal and his colleagues concluded that,Less than 5% of the suggestions for back surgery are reasonable. This means that most spinal interventions are unnecessary, and about 95% of cases have experienced "over-medical treatment".

Many people have had shoulder back pain and low back pain. The main reason why back pain is common is that,Back pain is usually caused by muscle strain caused by poor sitting posture or muscle weakness caused by lack of exercise, which leads to "neck, shoulder and back pain". Especially smokers over 40 years old, because nicotine is absorbed into the blood, it will cause vasoconstriction and spasm, reduce blood supply, and affect the blood circulation outside the intervertebral disc. The symptoms of back pain may be more serious.

It can be seen that not all back pain problems require surgical intervention. Pain doctor Michael K thinks:"In the back treatment, filming, puncture and cutting are particularly profitable. As a result, there are too many such operations. "

In fact, in addition to the back pain caused by tumor, smokers suffer from chronic low back pain. If they quit smoking for a period of time, they will find that the pain has improved. Exercise to strengthen the function of the back muscles through swimming and other sports is also helpful to exercise the back muscles and spinal joints and relieve the symptoms of back pain.

In China, overtreatment also exists.Former Vice Minister of Health Huang JiefuI once bluntly said at a meeting: "Many medicines should not be taken, but they are being taken; Many treatments are not needed, but they are still being done; Many operations will only make patients more painful, but they are also being done."

Huang Jiefu appealed that the phenomena of "ineffective medical treatment" and "over-medical treatment" in China need to be reflected. Is every treatment necessary? We need to re-examine the problem.

Excessive medical treatment is a diagnosis and treatment behavior that exceeds the actual needs of diseases, which usually manifests as excessive medication, excessive examination, excessive hospitalization, excessive consumables, abuse of surgery and antibiotics, etc., which will lead to a huge waste of social medical resources.

The most direct disadvantage of overtreatment is thatIncrease the burden on patientsThe emergence of "expensive medical treatment" has caused some people to look down on the disease. According to the data, the waste of medical resources can reach 20%-30% due to the abuse of drugs and inspections by medical institutions.

Secondly,Harm the health of patients, resulting in an increase in iatrogenic diseases.. For example, the data show that the cases of drug-induced liver damage in China are increasing at a rate of 3%-4.5% every year, and there are often cases in which patients with hepatitis B get worse or even worse after blindly using traditional Chinese medicine compound.

Overtreatment may alsoDamage the doctor-patient relationship,Affect social harmony. Random inspections, arbitrary charges and the appearance of "sky-high medical care" have greatly damaged the image of medical institutions and medical personnel.

1. Cervical erosion

The term "cervical erosion" has been abandoned at present, and it has been replaced by"Ectopic columnar epithelium of cervix"Nouns. The so-called "cervical erosion" is essentially the eversion of cervical columnar epithelium, which is exposed to the external cervix. The columnar epithelium is arranged in a single layer, and there is a rich vascular network under it. The columnar epithelium fuses with each other into villi or granules to form a rough appearance.

In the past, because many doctors lacked a correct understanding of "cervical erosion", clinical overtreatment or improper treatment often occurred and was quite serious. This is not only the problem of antibiotic abuse, but also the abuse of loop electrode resection in many hospitals to treat "cervical erosion", which leads to women’s health problems such as cervical adhesion, decreased cervical secretion, cervical endometriosis and cervical incompetence.

Clinically, gynecological examination found that the outside of the cervix was red, striped or granular.Local cleaners do not need treatment at all.; If there is purulent secretion, it can be treated by local vaginal plugging for several days; If the area is extremely large and there is no obvious improvement after local treatment, cervical cytology and HPV-DNA detection should be done, and artificial cervical cancer screening is the correct way if necessary.

2, thyroid nodules

Among thyroid nodules, 80%~90% are nodular goiter, which belongs to thyroid tissue hyperplasia and degenerative diseases, not to tumors, and there is no surgical indication.Only 5%~10% of thyroid cancer may need surgery.

However, due to the low level of ultrasound and cytology diagnosis in some hospitals in China, it is impossible to distinguish the benign and malignant nature of nodules before operation, so that some doctors operate on all patients with thyroid nodules, which not only wastes a lot of medical resources, but also causes different degrees of damage to the appearance and function of patients.

Experts say that more than 80% of thyroid nodules are benign, and under normal circumstances, they have no obvious impact on human health, just need regular observation. Benign nodules generally do not require surgery, and only have symptoms of oppression such as dysphagia and dyspnea, or are found.The rapid enlargement of nodules in a short time and suspicious lymph node metastasis under the condition of unchanged nodule size indicate that the lesions are progressing continuously and should be treated surgically.

3. Heart stent

In 2013, the American Medical Association released a report saying that stents are one of the most frequently abused medical interventions. In this regard,Hu Dayi, Chairman of Cardiovascular Branch of Chinese Medical Association.The professor said: "The problem of heart stent abuse in China is not more optimistic than that in the United States. Few patients abroad need more than three stents. But in China, many patients have been placed with 5 to 10 stents, which is obvious over-medical treatment. "

Professor Hu Dayi said that some patients did not meet the indications of interventional therapy, but were placed with one or more stents. Because they did not take medicine on time after operation, they developed thrombosis, which led to more serious myocardial infarction.

Before considering stent surgery, patients diagnosed with coronary artery obstructive disease should focus on lifestyle changes, such as not smoking, eating a healthy diet and exercising according to regulations. This also means that this group of people should receive a variety of necessary drug treatments, such as aspirin to prevent thrombosis, beta-blockers to slow down heart rate and control blood pressure, and statins to lower cholesterol levels.Paying attention to preventive lifestyle changes and drug treatment are often the best methods for patients with coronary heart disease.

4. Cancer screening

Han Qide, an academician of China Academy of Sciences, once pointed out at the "Medical and Humanities Summit Forum" that heIt is not recommended that healthy people do cancer screening.

He explained that "early cancer" and "lazy cancer" hidden in people’s bodies do not matter even if they are not found and not treated. This has also become his questioning point about the universal cancer early screening technology and early detection and early treatment strategy that are highly praised by the medical community at present. He believes that after cancer is screened out, it may have a negative impact on the screened object: if early intervention is carried out, such as removing early lesions or gene regulation, but a large number of them will eventually develop into severe diseases, it is equal to "getting a knife in vain."

"Early detection and early diagnosis and treatment are beneficial to cancer patients" does not violate logic, and it has become a consensus in the medical field. But cancer screening is different from clinical medical treatment, and not all people and all tumors should be screened. Tumors suitable for screening should have the following characteristics:High incidence, and it is "high incidence in a certain population (high-risk objects)"; Severe prognosis (high mortality); There is a detectable "subclinical stage".

"No disease, excessive inspection, minor illness, serious illness" not only increases the economic burden of patients, damages their health, but also seriously affects the relationship between doctors and patients. It is not only a technical problem, but also a moral problem and a social problem. Only by improving the guidelines for diagnosis and treatment of various diseases, formulating standardized diagnosis and treatment processes, and establishing indicators and management systems for quality control and evaluation of medical services can we achieve "reasonable examination, rational drug use, reasonable treatment and reasonable fees" and let modern medicine benefit the majority of patients. # Questions and answers about chronic diseases #

References:

[1] Mars. Ineffective medical treatment can’t afford injury [N]. Science and Technology Daily, 2016(12).

[2] Liu Bin. Analysis of the safety and countermeasures of clinical rational drug use [J]. International infections diseases (electronic edition) .2020 (01)

[3] Zhang Dayan. On the harm of antibiotic abuse and preventive measures [J]. Psychological Monthly, 2020(08).

Reprinting is prohibited without the permission and authorization of the author.

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Why is it more and more difficult for beauty brands to be "new"?

Source: bof

The beauty industry has always relied on a steady stream of products to attract consumers. However, the epidemic is causing the supply chain and product testing to lag, which makes it more difficult for them to launch new products.

New york, USA-The "latest products" area on the shelves in the beauty shop may soon be empty.

Beauty brands and retailers have been relying on a steady stream of products to attract consumers to shop in stores and e-commerce platforms. However, many so-called "new products" were actually put into production before the epidemic. Experts believe that once these products are exhausted, the negative impact of the epidemic will be highlighted, and every link in the supply chain of the beauty industry will have different chaotic problems such as shortage of key raw materials, insufficient packaging and even blocked research and development process.

Therefore, although major brands may be eager to launch new products suitable for the epidemic situation, such as moisturizing cream for "mask skin" and skin care products that can soothe the face or reduce blue light damage, it is not easy to ensure that the supply chain can keep up. Many companies are focusing on maintaining the inventory of existing products.

"From the perspective of product development and release, the growth momentum of beauty cosmetics has definitely weakened compared with the past few years," said Daniel Granatell, managing director of Grant Industries, which develops and produces personal care products.Most brands are still producing core or popular products, and their focus is on continuing existing products rather than developing new products or innovating growth models.. "

Many beauty companies have postponed the launch of new products until 2021, which means that the most eye-catching new product launch will miss the key year-end shopping season. Jessica Richards, founder of Shen Beauty, a retailer focusing on emerging luxury brands, said that most of the press conferences she had hoped to hold had been cancelled.

During the epidemic, brands that want to introduce new products to consumers have to be creative. Researchers are looking for new ways to use raw materials from traditional formulas, such as adding a new fragrance full of "tropical flavor" to the existing shower gel series to help realize the creativity of new products. It is also one of the ways to introduce "new" products without purchasing new raw materials, updating product formulas or expanding products in existing series.

Other companies are changing the way they produce and package their products. Retrouvé, a skin care brand, chose to break away from convention. When Dermal Defense hand cream was launched, the cumbersome outer packaging was cancelled and the inner packaging was streamlined. "My new slogan is,’ Get things done,’" said Jami Morse Heidegger, co-founder of the brand.

Problems in the supply chain

Forced isolation and consumer demand for sterilization products have had an unparalleled impact on the beauty supply chain. Take packaging containers as an example: Charlene Valledor, chairman and product development director of SOS Beauty, a beauty brand incubation company, said that when all retailers are rushing to put hand sanitizer into production, there will be a shortage of containers such as pressing pumps and bottles for other products.

The epidemic also affected the growth and cultivation of many raw materials.

The COVID-19 outbreak this spring disrupted the cultivation of many special raw materials for high-performance beauty products., "said Jared Reynolds, a beauty chemist who is also the founder of Zenagen and Actiiv, the anti-hair loss brands. He explained that this has had a domino effect on companies that now find themselves forced to strive for a stable supply chain, especially those suppliers from China and Europe, who are facing a longer delivery cycle due to travel restrictions and related import and export agreements.

For example, some of Zenagen’s products use a green tea extract from Asia. "Because the supplier was forced to stop production, it could not continue production. When the factory resumed processing and manufacturing, its production cycle was tripled, "Reynolds said.

Other links in the manufacturing industry have also been affected. Earlier this year, Joanna Vargas had trouble purchasing accessories for her face massager under the skin care brand of the same name. She had to postpone the product release for three months to avoid looking for a new supplier.

"Relationships with manufacturers, suppliers and partners are very important to us," she said. "We don’t want to turn to new business partners just to speed up profits for a month or two."

Try to get through it

Big brands have certain advantages in today’s supply chain shortage. They have a better ability to pay higher raw material prices, and they can jump to the forefront of manufacturers’ cooperation teams by placing a large number of orders.

In addition, they usually have more opportunities for cooperation. Christine Hall, vice president of R&D department of Estée lauder, said that Aveda, a subsidiary of the group, has arranged a new product release plan for the next 12 months, which also gives the brand more room for manoeuvre. She said, "We are also striving for more time to finish the work", so that Aveda can ensure the orderly development of new products.

But small brands are also more flexible to some extent. When Seen, a hair care brand, couldn’t get enough press pumps for its shampoo and conditioner, it temporarily decided to switch to a different color press pump. A larger company may not be able to make this change so soon.

Brands that have completed their purchases at home have also gained the upper hand. Bradley Ryan, founder of men’s beauty brand Undercover Man, attributed his recent success to the use of pomegranate oil and beeswax purchased locally.

Credo also doesn’t think its new product launch activities will decrease in the next few months. This is partly because this retailer only sells "clean" and sustainable beauty brands, which Annie Jackson, its founder and chief operating officer, calls "flexible" because these brands don’t rely on fancy packaging design, and they "tend to purchase in China, without considering long-term transportation delivery and other constraints from the epidemic".

The number of tests is reduced.

Product testing is another obstacle that needs to be overcome. Products must meet the safety standards before they are officially listed. For example, the slogan "90% of product users think their fine lines have decreased" requires clinical trials, but the efficiency of these tests has slowed down due to the outbreak of the epidemic.

This means that brands will have to wait longer to publicize the benefits of their new products, which is particularly difficult for the skin care industry.Because many brands take the commitment to quality innovation as their key selling point.

"Most third-party testing institutions have been closed, and the testing institutions that are still operating in the United States need to queue up for a long time to make an appointment," said Tamerri Ater, product development director of Versed Skin Care. "We have found a spare testing institution and tried our best to shorten the testing cycle accordingly."

The above problems also caused Ron Robinson, a cosmetics chemist and founder of BeautyStat, to feel "frustrated" when he launched a new product in early June and failed to conduct clinical trials to prove its efficacy.

"Before the release of the product, we have completed the safety test and internal performance test, so we know that the product is safe and effective ….. but we also hope to be verified by a third party," said Robinson, who completed a four-week test for 31 subjects at the end of July, and wrote in the information description of the product: "90% of crow’s feet, fine lines and wrinkles seem to have improved."

A turning point is coming.

Experts believe that with the epidemic under control, most of these problems can be solved. The sales boom of some products may also stimulate investment in resources needed to accelerate supply chain development.

Dan Langer, chairman of the hair care brand R+Co, said: "People’s interest in health, personal care and sustainability is rising again, and I think we will see real innovation in this industry next year."

Vargas predicts that the slowdown in R&D business will eventually recover, and before that, the whole industry can barely survive. "Now is not the time to introduce new products on a large scale for marketing," she said. "I think products with good quality, high efficiency and simple use will eventually stand out."

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Latest! 2023 Beauty Trend Released

"The cold winter is passing, but the era of passive growth is over. Only high-quality and strong brands are the core guarantee for crossing the cycle in the stock game market."

Jiang Nanchun, the founder and chairman of Focus Media, spoke of the challenges faced by enterprises in the post-epidemic era.

The year of 2023 is a year of seeking certainty in uncertainty and a year of seeking to break the situation in change. Where are the opportunities for brand innovation and growth in the future?

The 2023CiE Beauty Innovation Exhibition, which is in full swing, has invited 100+ industry coffees to deeply analyze the latest trends of beauty through various special activities such as marketing innovation forum, raw material innovation forum and channel growth forum, so as to help enterprises seize the opportunities.

Raw materials:

Exclusive raw materials are the strongest "weapons"

"All major fields are paying more and more attention to the upstream of the industry and research and development. The’ stuck neck’ problem in the cosmetics industry is the innovation of raw materials. China’s innovation in raw materials has great room for development." Deng Min, founder of CiE Beauty Innovation Exhibition and chairman of Pinguan, said the importance of raw material innovation.

In fact, many enterprises have also become strong competitors in the cosmetics market with their own "exclusive raw materials".

Wang pu, General Manager of Shanghai Youren Biotechnology Co., Ltd.

Wang pu, general manager of Shanghai Youren Biotechnology Co., Ltd. said that various product concepts are popular in the skin care market. "But no matter how the market wind changes, safety and efficacy have always been the constant pursuit of consumers." Based on this judgment, Shanghai Youren cooperated with Japan Osaka Active Collagen Innovation Joint Laboratory to launch the "Transdermal Micro Collagen Essence", which focuses on anti-aging effect and is also safe.

As one of the well-known enterprises in the field of collagen, Duan Zhiguang, senior vice president and R&D director of Giant Bio, also shared the development history and efficacy research progress of Giant Bio in the field of recombinant collagen. He pointed out that "recombinant collagen can be used in biomedical materials, dermatology and skin care and beauty, and it is safer and more effective than animal collagen."

In order to establish core barriers, some brands choose to cooperate with raw material suppliers or colleges to develop exclusive raw materials. A typical example is Youshiyan, an anti-aging brand specializing in Chinese skin. According to Du Le, the founder, Youshiyan cooperated with Zhejiang University to develop Gravi-A, a retinol combination anti-aging ingredient suitable for Chinese people, and launched a series of anti-aging products such as "black gravity" essence.

In addition to the "anti-aging" track, "precise skin care" is also a word frequently mentioned by speakers.

Mei Hexiang, the founder of Fortu Medicine and Chapter 14, pointed out that to achieve accurate skin care, we need to have seven elements-accurate insight into the needs of consumers, accurate identification of target pathways, accurate screening of synergistic effects of active ingredients, accurate delivery methods of dosage forms, objective verification of large samples and multi-centers, adverse reaction monitoring, and accurate delivery mode.

Mei Hexiang, founder of "Futu Medicine" and Chapter 14

Li Junxiang, deputy director of the Aging Science Innovation Research and Development Center of Yangtze River Delta Research Institute in Tsinghua, Zhejiang Province, believes that there are still four difficulties in the field of functional skin care: it is difficult to analyze and identify, it is difficult to identify functions, it is difficult to design accurately, and the cost of trial and error is high. Bioinformatics, computational biology and synthetic biology have become the latest biotechnology solutions for functional skin care active ingredients.

Wise men think far and seek deep. In recent years, more and more attention has been paid to green sustainable development. Sun Ling, business director of Fenmeiyi Fragrant Raw Materials in Greater China, said that Fenmeiyi has always taken "sustainability" and "high transparency" as its core values. Wang Ruiyan, director of research and development management of biological bioactive substances in Huaxi, also pointed out that green cosmetics featuring natural environmental protection are becoming a global trend. "We develop synthetic biology, that is, to innovate cell factories, develop green bio-manufacturing and produce six categories of bioactive substances to help peak carbon dioxide emissions and achieve the goal of carbon neutrality."

New products:

Exclusive formula/black technology becomes standard

In this CiE Beauty Innovation Exhibition, companies have brought new products to the show, and many brands also use the exhibition as a competitive platform for the first show of new products.

At the new product launch conference, Mibel not only invited famous experts and scholars to discuss the sensitive skin care market in depth, but also released a new product "3A Purple Essence". According to reports, this product adopts the exclusive patented technology ECT- HA of Mibel, and the essence of Yuefuning and Black Rose to achieve defensive and anti-aging. It is a rare A alcohol essence available for sensitive muscles in China.

Mibel’s new product "3A Purple Essence"

Dr. Ling, a scientist brand specializing in dry skin anti-aging, made a heavy appearance with "one new technology and two new products". According to reports, "full molecular weight hyaluronic acid technology" can fundamentally solve the anti-aging problem that traditional hyaluronic acid can’t solve, and two new products, "Dr. Ling’s light eye mask (pilot’s eye mask)" and "Dr. Ling’s light and compact double extraction essence", have created a new era of effective anti-aging for dry skin.

In the innovation exhibition, there is also Zhang Yuya who "shows muscles" in a high-profile way. According to reports, Zhan Xiya created the high-permeability delivery technology of Polypeptide based on the intelligent targeted supramolecular technology platform, which can guarantee the activity of polypeptide, realize accurate delivery and multi-dimensional anti-aging. The transformation result of this technology-Zhaneya’s "4-dimensional light lines" series also shocked the appearance, which is said to solve the problem of skin aging from the inside out.

Zhan Xiuya’s "4-dimensional light pattern" series

As an innovator in the category of beauty tools, Jiuhao Jiapin shared its innovation in intelligent and automated production of beauty tools and research and development of new products. According to reports, Jiuhao Jiapin’s original powder puff raw materials create a special research formula, with more than 20 patented products, and has created a number of best-selling explosives such as 9++Rubycell air cushion powder puff and lotus root velvet powder puff.

Category:

Abandon "Big and Complete" and Focus on "Small and Beautiful"

Timely understanding and insight into the trend of the global cosmetics market means that enterprises can ride the wind and get twice the result with half the effort.

With the rise of the "ingredient party", ingredients with efficacy have become the standard for young people to buy skin care products. At the data trend forum on February 22nd, Xu Hong, the partner of Beauty Practice, released the "TOP30 list of effective ingredients in 2022", and nicotinamide, sodium hyaluronate and Centella asiatica extract ranked in the TOP3.

Xu Hong, partner of beautiful practice.

"The rankings of these three classic ingredients have not changed much, and they are’ evergreen trees’ in the ingredient world. Xu Hong pointed out that in recent years, there have also been some new phenomena, such as the soaring popularity of olive ingredients, the continuous fiery heat of plant ingredients, and the popularity of new raw materials, among which psoralen is highly concerned.

Du Lei, deputy director of beauty and personal care research at Mintel, shared three major trends of beauty and personal care in 2023 from a global perspective: first, the development of beautiful prescriptions, that is, communicating with consumers in a scientific and transparent way to meet their individual needs, such as a Newpage; The second is the advanced self-care, that is, to provide consumers with products with rich sensory experience and enhance their sense of self-care, such as Amore Pacific’s brand Longtake;; Third, the interactive mode is rejuvenated. Offline retail is no longer just a place to sell goods, but needs to be fun, such as Harmay’s plum blossom market.

According to Lin Kaizhuo, the founder &CEO of Shanghai Language Analysis Information Consulting Co., Ltd. (users said), there will be five categories of opportunities in 2023: essential oil, body cleansing, beauty tools, men’s make-up and travel/experience clothes, as well as four hot trends: pure beauty, precise skin care, skin barrier, multi-effect integration, and three development opportunities: minimalist skin care, aromatherapy, and so on.

Lin Kaizhuo, founder and &CEO of Shanghai Analytical Information Consulting Co., Ltd. (user said)

Huang Keming, a senior analyst of Xieshu Consulting, deeply dismantled the gameplay and highlights of various e-commerce platforms through data. She pointed out that Tmall is still the main platform for consumers to buy beauty cosmetics, and the decline of makeup is obvious, and skin care has entered the stage of stock competition. "On the product side, before the economy recovers completely, brands can pay attention to the track they just need, abandon’ big and complete’, focus on’ small and beautiful’, and achieve overtaking in corners in terms of sub-categories and personalized needs. "

In the era when face value is justice, a good product cannot be separated from eye-catching packaging design. Huang Xiaojing, strategic director and partner of YANG DESIGN, analyzed the design trend of cosmetics packaging in China in 2023 from an aesthetic perspective. "With a huge amount of information and burnout, young consumers are eager to find emotional outlets. Packaging design should pay attention to the same frequency of senses and emotional resonance, and fight against mediocre daily life with sincere poetic beauty."

Marketing:

"Point-line-surface" combination to play a good combination boxing

Under the epidemic situation, enterprises are struggling, but there are still many brands growing against the trend. For example, Kwadi, a brand owned by Huaxi Bio, has become a domestic brand with annual sales exceeding 1 billion in three years.

The person in charge of Quadi brand believes that products are the soul of the brand, and at the same time, it also needs innovation in marketing, "opening the channel between product creators and consumers."

Quady brand managers are numerous and complicated.

Branches with multiple identities share the secrets of how to use the IP of the manager to incite the new growth leverage of brand retail: one is sincerity, and the other is being yourself. "Sincerity is always a killer skill." She said that when sincere communication with fans and sharing within their capabilities benefit them, the brand will have growth points and opportunities to incite traffic.

As the originator of the beauty and skin care ingredients party and the best-selling author of beauty, Kenjijoel believes that beauty experts are actually the influencer of a decision, and professionalism and deep cultivation of vertical fields have become the basic requirements. Creating personal IP and stalk-making ability to gain the resonance of consumers is the key to finally get traffic.

In addition to empowering brands with personal IP, bilibili and Xiaohongshu are also new heights for the rapid growth of beauty care brands.

Xu Qianya, senior director of the marketing center and FMCG industry, pointed out that brands can link young consumers and convey brand opinions and attitudes through three ways: brand rejuvenation, IP co-creation, and planting grass to bring goods, so as to gain the value recognition of the Z generation.

Qian Yue, director of South China Beauty Care Industry of Xiaohongshu Commercial Company, took three brands, namely corlorkey Laqi, Estee Lauder and Nature Hall, as examples to tell the whole story about how beauty brands play in Xiaohongshu. If you want to "grow" a good product in Xiaohongshu, you need to follow the "IDEA methodology", that is, Insight (insight into product opportunities), Define (define product strategy) and Expand (breakdown category track).

Qian Yue, Director of Xiaohongshu Commercial South China Beauty Care Industry

For a long time, big promotion is an unavoidable node in brand marketing strategy. In this regard, Millennium reminds that it is no longer feasible to invest only in the small red book in the form of pulse of large nodes in today’s market. "Only by relying on the daily marketing accumulation throughout the year, combined with the combination of pulse-burst of big promotion nodes, the full-link marketing of’ point-line-surface’ can help the brand grow in a long-term manner. "

In addition, He Ling, Marketing Director of Wanmei Mobile in China, shared a new paradigm of empowering online sales of beauty cosmetics with Meta-Universe AI/AR technology. He Ling pointed out that the Meta-Universe is still in a booming stage in China, and Play Beauty Mobile can provide consumers with a real digital AR virtual makeup online shopping experience through AgileFace? face detection and tracking technology, thereby enhancing the sales transformation and revenue of platforms or brands.

Channel:

Change from "managing goods" to "managing customers"

With the recovery of the market and the rising of fireworks at the consumer end, how should the channels be adjusted? In the channel growth forum, leaders from different online and offline formats and different tracks in the public domain and private domain shared their business ideas from many dimensions such as store design, product selection, customer maintenance and private domain.

It is the consensus of many speakers to build "people-goods-field" based on the needs of consumers.

As the "benchmark" of beauty chain stores, Wu Qinglin, the founder of Merrill Lynch Beauty, shared the internal logic of the company’s growth. The key is to insist on choosing products from the perspective of consumers and change from "managing goods" to "managing customers". "You think that good things are not easy to sell, and ordinary things are easy to sell, which means that your aesthetics, consumption concept and level are different from those of young people." The way to break through the beauty of Merrill Lynch is to understand the needs of consumers, select bar codes and increase the purchase volume of single products.

Wu Qinglin, founder of Merrill Lynch Beauty Cosmetics

Grace Cheng, director of brand development of HARMAY Huamei, also holds the same view. In her view, Huamei reconstructs the "people-goods-field" of beauty retail with new operational logic, and creates a differentiated and recognizable store image on the basis of selected products, "all in order to better meet the needs of young consumers, including skin care demands and spiritual needs."

Grace Cheng, Director of Brand Development of HARMAY Huamei

Meituan flash shopping, which captures young consumers with "30-minute delivery", has become one of the fast-growing new retail channels. Zhu Lin, the person in charge of the beauty care of Meituan Flash Shopping, said that the consumption habits of young people have changed, gradually shifting from planned consumption to instant consumption. "This means that instant retail will play an increasingly important role in daily life."

Nowadays, the importance of online channels is becoming increasingly prominent. Chu Qingge, an expert on beauty products from afar, pointed out that with the simultaneous promotion of technology, supply, demand and policy, the scale of the live e-commerce market is expanding, and it is estimated that it will be nearly 500 million yuan in 2023. In this fast-growing track, beauty occupies an important position. "The future growth point of domestic beauty may be hidden in live e-commerce."

Brandy Wang Xingran, the manager of the Goddess Group, who is good at private domain operation, gave her own suggestions on how to build a private domain community with high customer unit price. She said that the core of the community is nothing more than two major factors: IP staffing and trust. "The head of the team should first establish his own staffing, and then consider how to sell after-sales, not only to effectively solve problems, but also to make consumers feel satisfied and surprised."

e-commerce platform

Aauto Quicker, JD.COM and Pinduoduo collectively sought change.

The trend of beauty e-commerce platform largely determines the success or failure of beauty online business. What are the innovations in the e-commerce platform in 2023?

"The biggest change this year is that Aauto Quicker e-commerce will change from the dimension of operators to the dimension of operating goods. "Jiu ‘an, the person in charge of Aauto Quicker e-commerce beauty industry, said that, specifically, the operation of" goods "will start from three dimensions: recruiting high-growth categories, recruiting brands that are scarce in price segments or categories, and helping brands to make a big single product strategy.

Jiu ‘an pointed out that under such changes, in 2023, Aauto Quicker Beauty will usher in seven innovations, including new supply, new distribution, new users, new scenes, new marketing and new experiences.

"In 2023, JD.COM Beauty will regain its low-price strategy, pay more attention to the three dimensions of cost, efficiency and empowerment, and strive to provide businesses with more and more optimized platform policies, as well as more flexible operation and business models to help beauty businesses find more certain and sustainable growth opportunities in an uncertain market environment." Hou Chuangfeng, investment manager of JD.COM Retail Investment Promotion Department, said.

Hou Chuangfeng, Investment Manager of JD.COM Retail Investment Promotion Department

"The marketing structure of JD.COM Beauty throughout the year revolves around three points. The first is a strong outbreak, the second is a strong user experience, and the third is the satisfaction of strong demand." Wang Ze, multi-brand category operation manager of JD.COM Retail Beauty Department and Beauty Brand POP Department, added. In his view, "sinking the market will become an important source of business growth this year."

Pinduoduo set his sights on overseas. Ben Chao, head of investment promotion in Pinduoduo’s beauty industry, said, "Consumption downgrade will become the overall consumption trend in Europe and the United States, and foreign consumers will have a more cautious attitude towards their own consumption expenditure, which also provides a broad market space for Pinduoduo’s cross-border e-commerce platform Temu."

In addition, the cicada master & the person in charge of cicada mother shared the new opportunities and challenges faced by the make-up and skin care track around the trend analysis and brand case analysis of Tik Tok e-commerce beauty and skin care business. The product selection activities organized by Magic Horse Club also gathered more than 20 live delivery agencies and private group buying agencies to directly cooperate and negotiate with brands, and the atmosphere was warm.

MCN mechanism

It’s time to test refined operation.

Based on years of experience and strong operating system, Lu Xi, a partner of Tusu, said that the quickest way for a new brand to achieve a positive cycle of product efficiency is to "arrange and combine", that is, a label, and the selling point of the product should be clear; Two kinds of content, that is, planting grass content for consumers to see, endorsement content for consumers to trust; Three-dimensional form, the natural attention obtained after short video instant exposure, the search traffic intercepted after long-term grass planting accumulation, and the sales conversion obtained by sowing grass; N times of contact is to deepen brand awareness and word of mouth after repeatedly reaching consumers through various forms.

Using this methodology, Tisu has helped 220+new brands to achieve a starting point from 0 to 1.

So, how should beauty bloggers empower brands through content? Wang Qian, VP of Tissu, believes that on the one hand, it is necessary to provide interesting and useful content to consumers; On the other hand, it provides effective value to the brand.

Chen Mengqi, VP of Chenfan Hongren Business Department, divides the development of e-commerce channels into three eras: the era when products are king, and good products bring their own traffic; In the era when traffic is king, MCN institutions attract traffic through contracted or self-hatched KOL/KOC; Now entering the era of e-commerce 3.0, users’ access mode, insight into consumers’ needs, traffic conversion efficiency, and differentiation of goods selection are all issues that need to be paid attention to and solved by MCN organizations.

"In the era of e-commerce 3.0, although Daren plays a new role and has new value in the link of brand marketing, product strength is the first priority." Chen Mengqi said.

Da Renwen, co-founder of the new culture and well-known e-commerce.

Daren Renwen, the co-founder of the new culture and a well-known e-commerce, admits that he is more like a marathon runner walking side by side with the brand than the "short-lived" traffic. She has been thinking about how to maximize the efficiency of the brand to achieve the integration of product and effect, and finally found that "star single product+one product and one policy integrated marketing is the key to cooperation with the brand." Since then, the new culture has used this methodology to create a number of explosions.

Yichuan, director of the new culture planning at the beginning of the year, believes that the public’s attention is constantly shifted, the life cycle of the explosion is shortened, and the content is exploding, while the content iteration is also accelerating. Beauty brands are eager for refined operation ability, so it is time to test the refined operation of MCN institutions, and MCN institutions should pay more attention to the improvement of efficiency.

"What Kuaimei is doing is to use short videos as a fulcrum to incite the commercial marketing value from planting grass to pulling grass." Fang Zhi, general manager of Kuaimei Marketing Center, said that the commercialization of short videos is actually like a banking model, where brands experience the storage of content assets and reap the wealth brought by content assets.

Liu Ling, general manager of Kuaimei E-commerce Center, shared the model of Kuaimei’s new brand growth 3.0, "content-centered product efficiency and sales synergy."

Based on the three dimensions of brand, effect and sales, this model provides multiple services for brands, including short video content planting, information flow advertising and live broadcast with goods.

(Note: The "anti-aging" and "anti-aging" mentioned in this article refer to the functions of anti-wrinkle and firming skin. )

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