月度归档 2026年4月18日

A quick look at the State Council’s institutional reform plan

On the afternoon of March 7, the first session of the 14th National People’s Congress held its second plenary session in the Great Hall of the People in Beijing. Entrusted by the State Council, Xiao Jie, State Councilor and Secretary-General of the State Council, gave an explanation on the State Council’s institutional reform plan.

Reorganize the Ministry of Science and Technology

The Ministry of Science and Technology was re-established according to the State Council’s proposal on submitting the institutional reform plan of the State Council. Strengthen the functions of the Ministry of Science and Technology to promote the improvement of the new national system, optimize the whole chain management of scientific and technological innovation, promote the transformation of scientific and technological achievements, and promote the combination of science and technology with economic and social development, and strengthen macro-management responsibilities such as strategic planning, system reform, resource pooling, comprehensive coordination, policies and regulations, and supervision and inspection. Retain the responsibilities related to national basic research and applied basic research, national laboratory construction, major national science and technology projects, national technology transfer system construction, transfer and transformation of scientific and technological achievements and Industry-University-Research integration, regional science and technology innovation system construction, science and technology supervision and evaluation system construction, scientific research integrity construction, international science and technology cooperation, scientific and technological talent team construction, national science and technology awards, etc., and still serve as the constituent departments of the State Council.

The responsibility of organizing the Ministry of Science and Technology to formulate plans and policies for promoting agricultural and rural development through science and technology and guiding rural scientific and technological progress is assigned to the Ministry of Agriculture and Rural Affairs. The responsibilities of the Ministry of Science and Technology in organizing and formulating plans and policies for promoting social development through science and technology are assigned to the National Development and Reform Commission, the Ministry of Ecology and Environment, the National Health and Wellness Commission and other departments. Organize the Ministry of Science and Technology to formulate plans and policies for high-tech development and industrialization, guide the construction of national independent innovation demonstration zones, national high-tech industrial development zones and other science and technology parks, and guide the development of science and technology services, technology markets and science and technology intermediary organizations into the Ministry of Industry and Information Technology. The responsibility of the Ministry of Science and Technology for introducing foreign intelligence was assigned to Ministry of Human Resources and Social Security, and the brand of State Administration of Foreign Experts Affairs was added to Ministry of Human Resources and Social Security.

We will deepen the reform of the allocation and use mechanism of financial science and technology funds, improve the implementation of the central financial science and technology plan and the management system of professional institutions, adjust the responsibilities of the Ministry of Science and Technology, such as the coordinated management of the central financial science and technology plan (special projects, funds, etc.) and the coordinated evaluation of scientific research project funds, and assign the China Rural Technology Development Center under the Ministry of Science and Technology to the Ministry of Agriculture and Rural Affairs, the China Biotechnology Development Center to the National Health and Wellness Commission, and the China 21st Century Agenda Management Center and the High-tech Research and Development Center of the Ministry of Science and Technology to the National Natural Science Foundation of China.

The National Natural Science Foundation of China is still managed by the Ministry of Science and Technology.

The Ministry of Science and Technology no longer retains the brand of State Administration of Foreign Experts Affairs.

set up a national financial regulatory administration

According to the State Council’s proposal on submitting the State Council’s institutional reform plan, the State Financial Supervision and Administration Bureau was established. Unified responsibility for the supervision of the financial industry except the securities industry, strengthening institutional supervision, behavioral supervision, functional supervision, penetrating supervision and continuous supervision, overall responsibility for the protection of financial consumers’ rights and interests, strengthening risk management and prevention and disposal, and investigating and dealing with illegal acts according to law, as an institution directly under the State Council.

The State Financial Supervision and Administration Bureau was established on the basis of the Bank of China Insurance Regulatory Commission, and the daily supervision duties of the People’s Bank of China on financial holding companies and other financial groups, the protection duties of financial consumers and the investor protection duties of the China Securities Regulatory Commission were assigned to the State Financial Supervision and Administration Bureau.

China Banking Insurance Regulatory Commission will no longer be retained.

deepen the reform of local financial regulatory mechanism

Deepen the reform of local financial supervision system according to the State Council’s proposal on submitting and reviewing the State Council’s institutional reform plan. Establish a local financial supervision system based on the local agencies of the central financial management department, and make overall plans to optimize the establishment and strength of the local agencies of the central financial management department. Financial supervision institutions set up by local governments specialize in supervision duties, and no longer put up brands such as financial work bureau and financial office.

China Securities Regulatory Commission was reorganized into an institution directly under the State Council.

According to the State Council’s proposal on submitting the State Council’s institutional reform plan, China Securities Regulatory Commission was adjusted to be directly affiliated to the State Council. China Securities Regulatory Commission was restructured from a public institution directly under the State Council to an institution directly under the State Council. Strengthen the supervision responsibility of the capital market, and assign it to the audit responsibility of corporate bond issuance of the National Development and Reform Commission, and the China Securities Regulatory Commission will be responsible for the audit work of corporate (enterprise) bond issuance.

Make overall plans to promote the branch reform of the People’s Bank of China.

According to the State Council’s proposal to review the institutional reform plan of the State Council, the branch reform of the People’s Bank of China will be promoted as a whole. China People’s Bank’s regional branches and branch business management departments, business management departments directly under the head office and provincial capital city central branches were abolished, provincial branches were established in 31 provinces (autonomous regions and municipalities directly under the Central Government), and branches in cities with separate plans were established in Shenzhen, Dalian, Ningbo, Qingdao and Xiamen. Beijing Branch of China People’s Bank retains the brand of Business Management Department of People’s Bank of China, while Shanghai Branch of China People’s Bank and Shanghai Headquarters of China People’s Bank co-operate.

The county (city) branch of the People’s Bank of China will no longer be retained, and the relevant functions will be collected by the central branch of the People’s Bank of China. On the border or foreign trade settlement and sale of foreign exchange business in large areas, according to the needs of the work, take the China People’s Bank to (city) central branch of the agency to perform related management and service functions.

improve the regulatory mechanism on state-owned financial capital

According to the State Council’s proposal on submitting the State Council’s institutional reform plan, we will improve the state-owned financial capital management system. In accordance with the relevant regulations on the management of state-owned financial capital investors, the market operation institutions managed by the central financial management department will be divested, and the relevant state-owned financial assets will be included in the state-owned financial capital entrusted management institutions, which will uniformly perform the responsibilities of investors according to the authorization of the State Council.

Strengthen the unified and standardized management of financial management department staff.

According to the State Council’s proposal on submitting the State Council’s institutional reform plan, we will strengthen the unified and standardized management of financial management staff. The People’s Bank of China, the State Financial Supervision and Administration Bureau, the China Securities Regulatory Commission, the State Administration of Foreign Exchange and its branches and agencies all use administrative preparation, and their staff are brought into the unified and standardized management of national civil servants, and the national civil servants’ salary and treatment standards are implemented.

Establish a national data bureau

According to the State Council’s proposal on submitting the State Council’s institutional reform plan, the National Data Bureau was established. Responsible for coordinating and promoting the construction of data infrastructure system, coordinating the integration, sharing, development and utilization of data resources, and coordinating the planning and construction of digital China, digital economy and digital society, which is managed by the National Development and Reform Commission.

The responsibilities undertaken by the Office of the Central Cyber Security and Informatization Committee, such as studying and formulating the construction scheme of digital China, coordinating and promoting the informatization of public services and social governance, coordinating and promoting the construction of smart cities, coordinating the development, utilization and sharing of important national information resources, and promoting the inter-industry and inter-departmental interconnection of information resources, are assigned to the National Data Bureau, while the responsibilities undertaken by the National Development and Reform Commission include coordinating and promoting the development of digital economy, organizing and implementing the national big data strategy, promoting the basic system of data elements, and promoting the layout of digital infrastructure.

Optimize the responsibilities of the Ministry of Agriculture and Rural Affairs

Optimize the responsibilities of the Ministry of Agriculture and Rural Affairs according to the State Council’s proposal on submitting the institutional reform plan of the State Council. In order to coordinate the work concerning agriculture, rural areas and farmers with rural revitalization as the focus, and accelerate the construction of an agricultural power, the National Rural Revitalization Bureau will take the lead in monitoring and helping to prevent poverty return, organize the formulation of policies to help key counties and key areas in rural revitalization, organize the cooperation between the east and the west, counterpart support and social assistance, study and put forward suggestions on the allocation of funds related to rural revitalization by the central government, guide and supervise the use of funds, promote the development of rural assistance industries, and promote the development of rural social undertakings and public services.

During the transition period after the completion of the national poverty alleviation goal and task, the relevant assistance policies, financial support and project arrangements remained generally stable, and the capital projects were operated and managed relatively independently.

The separate National Rural Revitalization Bureau will no longer be retained.

Improve the aging work system

According to the State Council’s proposal on submitting the State Council’s institutional reform plan, we will improve the aging work system. We will implement the national strategy of actively responding to the aging of the population, promote the realization of basic old-age services for all the elderly, and transfer the responsibilities of organizing and coordinating the implementation of policies and measures to deal with the aging of the population by the National Health and Wellness Committee to the Ministry of Civil Affairs. The office of the National Working Committee on Ageing was relocated to the Ministry of Civil Affairs to strengthen its responsibilities of comprehensive coordination, supervision and guidance, and organization and promotion of the cause of ageing.

China Association for the Aged was transferred to the custody of the Ministry of Civil Affairs.

Improve the intellectual property management system

According to the State Council’s proposal on submitting the State Council’s institutional reform plan, improve the intellectual property management system. Accelerate the construction of a strong intellectual property country, comprehensively improve the level of creation, application, protection, management and service of intellectual property rights, and adjust the National Bureau of China National Intellectual Property Administration, which is managed by the State Administration of Market Supervision, to an institution directly under the State Council. Law enforcement duties in the fields of trademarks and patents continue to be undertaken by the comprehensive law enforcement team of market supervision, and relevant law enforcement work is subject to professional guidance from China National Intellectual Property Administration.

The State Bureau for Letters and Calls was reorganized into an institution directly under the State Council.

According to the State Council’s proposal on submitting the institutional reform plan of the State Council, the State Bureau for Letters and Calls was reorganized into an institution directly under the State Council. Implement the Party’s mass line in the new era, strengthen and improve people’s letters and visits, better safeguard people’s fundamental interests, and adjust the National Bureau for Letters and Calls from the National Bureau managed by the General Office of the State Council to the directly affiliated institution of the State Council.

Streamline the staffing of central state organs

According to the State Council’s proposal on submitting the institutional reform plan of the State Council, the staffing of the central state organs will be reduced. The staffing of all departments of the central state organs will be reduced by 5%, and the recovered staffing will be mainly used to strengthen key areas and important work.

"The biggest disseminator of false information" —— On the bad behavior of American network public opinion manipulation

  Xinhua News Agency, Beijing, December 13th  (International Watch) "The biggest disseminator of false information" — — From the bottom of American network public opinion manipulation misdeeds

  Xinhua news agency reporter

  "Do you know who is the biggest disseminator of false information in the history of the world? It is the US government. "

  At a hearing in the US Congress in May this year, Senator rand paul asked himself and gave a series of examples, including the US government’s invasion of Iraq in 2003 under the pretext of "weapons of mass destruction".

  The scene of Colin Powell, then US Secretary of State, holding a tube of white powder at the UN Security Council meeting and identifying Iraq as developing "weapons of mass destruction" has gone down in history as a "famous scene" for the US government to openly lie on international occasions.

  For a long time, the US government has been spreading false information and weaving a dark network of rumors to manipulate public opinion, demonize other countries and safeguard its hegemony.

  False information blitzkrieg — — "It’s as if someone pressed a switch."

  According to researchers from the School of Mathematical Sciences, University of Adelaide, Australia, on February 24th this year, when the Ukrainian crisis escalated, "it seemed as if someone had pressed a switch", and the account on social media Twitter promoting anti-Russian stance "suddenly broke out", with as many as 38,000 tweets with the tag "Support Ukraine" appearing every hour. In the following week, a total of about 3.5 million tweets depicting Russian-phobia were constantly spreading, of which as many as 80% came from robot accounts. Such a rapid and large-scale online public opinion offensive can be called a "false information blitzkrieg".

  According to the US Monthly Review website, Paul Nakasone, director of the US National Security Agency and commander of Cyber Command, disclosed in May that Cyber Command has been carrying out a number of information actions to support Ukraine.

  The picture shows a screenshot of the US Monthly Review website reporting "Australian researchers exposed large-scale anti-Russian" robot network army ".

  Fyodor Voitolovski, director of the Institute of World Economics and International Relations of the Russian Academy of Sciences, said in an interview with Xinhua News Agency that Russia is facing a "typical propaganda trap". The US government used transnational media to launch an anti-Russian propaganda offensive, and some blogs and social media accounts also actively participated in it.

  The misdeeds of the United States in spreading false information and manipulating public opinion on a large scale through social media have also been confirmed by other researchers. According to a report released by the Australian Institute in 2020, thousands of Twitter accounts have forwarded a lot of information about Covid-19 within 10 days. "It is China &lsquo to spread Covid-19 in a coordinated and organized manner; Biological and chemical weapons ’ Conspiracy theories, and these "network water forces" are all related to the United States.

  "The United States is perfect in using various means to carry out information warfare and propaganda warfare." Voitolovski said that the United States regards Russia and China as "challenges" and "adversaries", and uses "national security" as an excuse to launch an information war and a propaganda war against the two countries, and the offensive has been continuously strengthened.

  As a matter of fact, the targets of American network information warfare and propaganda warfare are not only Russian and China. On a global scale, there are countless cases in which the U.S. government used online rumors to trap other countries and incite the "color revolution."

  The evidence released by the Cuban government in July 2021 shows that since mid-June of that year, some anti-Cuban forces in the United States, with the support of the American government, deliberately spread the lies of "the collapse of Cuba’s medical system under the COVID-19 epidemic" through social networks, using this as an excuse to incite military intervention in Cuba.

  Washington post quoted a report from the network observation room of Stanford University in the United States as saying that in September 2020, social media Facebook and "photo wall" found that hundreds of accounts and homepages were used to spread false information to audiences in Venezuela, Bolivia, Mexico and other countries, fostering opposition forces supported by the United States in these countries and promoting regime change. These accounts and home pages are related to a public relations company headquartered in Washington.

  Inaudible voice — — "Deep government" and "Wolf tactics"

  The rise of social media provides a new environment and new means for the United States to manipulate public opinion on a large scale. For the purpose of deception, the US government spreads a lot of false information in cyberspace. The specific operation method of this so-called "influence action" and the hidden network behind it were jointly released in August this year by the network observation room of Stanford University and Grafica Research Company, a social network analysis institution. Report "inaudible voice — — In the evaluation of pro-Western covert influence action in the past five years, it was unveiled.

  The picture shows "inaudible voice — — The cover of the report on the assessment of the hidden influence of pro-Western countries in the past five years.

  Based on the analysis of more than 200 fake accounts on social media such as Twitter, Facebook and "photo wall", the researchers found a "network of accounts that are interrelated among multiple social media platforms and use deceptive strategies to promote pro-Western narratives in the Middle East and Central Asia". These accounts participated in "a series of secret propaganda offensives that lasted for nearly five years" and "continued to advance the narrative that is beneficial to the interests of the United States and its allies and opposed to Russia, China and Iran".

  By analyzing the data provided by various social media platforms, the researchers concluded that some of these accounts were obviously related to the "Cross-regional Network Initiative" of the US Department of Defense. The "Cross-regional Network Initiative" was initiated by the US Special Operations Command in 2008. It used a series of websites to influence public opinion and provide "information support" for US military operations.

  These accounts are divided into different groups according to the countries and regions where the target audience is located. In order to expand the effect of public opinion manipulation, each group account often "acts in concert" and even posts automatically at certain intervals. Some accounts also try to cover up this kind of collaborative action, for example, when using the same picture, they make a few changes to the picture description and title, and "insert" some content about culture and natural beauty between the collaborative posts to "cover up politically motivated activities".

  The customary rumors of these accounts include: using photos generated by theft, tampering or artificial intelligence as avatars; Issue highly consistent content at the same time with false identities such as "independent media" and "local residents"; Stir up rumors by adding labels and forwarding petitions. In order to concoct "hot topics", these accounts are highly active and concentrated in posting in some cases. The most typical case is that before and after the escalation of the Ukrainian crisis, Central Asian groups posted nearly 200 posts a day, exaggerating Russia’s so-called "threat" to Central Asian countries.

  According to the report, some false accounts on social media are associated with the US military. The picture shows a screenshot of the report.

  These accounts often forward news from pro-Western media, American embassies and consulates abroad, the US military, etc., and sometimes deliberately package the forwarded fake news as original, or link with other related accounts and websites.

  This reminds people of the previous revelations of julian assange, the founder of Wikileaks, and edward snowden, the revealer of Prism Gate. According to the documents they disclosed, a "deep government" composed of the US Central Intelligence Agency and the State Council plays a "command center" role in the manipulation of public opinion, which is responsible for setting the target of public opinion attack and setting the topic, and then the US government, western media, politicians, think tanks and so on quickly follow up the hype and stage "wolf tactics". Obviously, fake social media accounts are also part of this "wolf pack".

  "Weapons of the New Cold War" — — Demonize countries that oppose American hegemonism

  As the article on the website of Monthly Review said, there is increasing evidence that the United States and other western countries have turned social media platforms into "weapons of the new cold war".

  Pentagon, USA. Xinhua News Agency reporter Liu Jie photo

  In order to control these platforms, the United States will do whatever it takes.

  Western scholars have found that the American government has long used personnel infiltration to control the network public opinion field. Major social media companies in the United States employ people with intelligence or military backgrounds all the year round. These people are often placed in important positions such as data analysis, network security, content review, etc., which directly affects the way of social media thinking and problem solving, and then affects the information flow for billions of netizens around the world.

  Allen mcleod, a member of the Media Research Group of the University of Glasgow in the United Kingdom, wrote that there are "ex-CIA agents everywhere" in the Trust and Security Department of Google, and people who have worked in the CIA for more than 10 years are everywhere. Similar phenomena exist in Facebook’s parent company "Yuan" Company, Twitter and Youtu.

  Mcleod pointed out that one of the important tasks of the CIA is to spread lies to the public under the pretext of "American national security". Former Secretary of State Mike Pompeo, a former director of the CIA, "disclosed" in a speech in 2019: "We lie, we cheat and we steal. We have a whole set of training courses on these! " Nowadays, people who have worked in the CIA for a long time decide the information disseminated by social media. This is the "problem".

  MintPress, a left-wing news website in the United States, quoted Elizabeth Murray, who had worked in American intelligence agencies for 27 years, as saying that there is a "revolving door" phenomenon between American intelligence agencies and social media companies, that is, intelligence agency personnel go to social media platforms for a period of time and then return to work in intelligence agencies. Mcleod believes that this means a national security risk for other countries, especially "countries that pursue a foreign policy independent of the United States". (Participating in reporters: Gao Jie, Bao Xuelin, Chen Dan, Han Bing, Gao Wencheng, Meng Jing, Huang He)

Looking at the changes in the figures, many core indicators of the Third Consumer Expo have improved.

CCTV News:The 3rd China International Consumer Goods Expo opened in Haikou, Hainan this morning (April 10th). In this year’s Consumer Expo, more than 4,000 consumer products from 65 countries and regions were unveiled, and the core indicators such as the number of participating countries, brands and buyers have all improved. Let’s look at the report sent back from Hainan by CCTV reporters at Headquarters this morning.

CCTV reporter Chen Xi:This is Haikou International Convention and Exhibition Center in Hainan, and my present position is outside the banquet hall in Hall 5. The opening ceremony starts at 10: 30 and lasts for one hour.

The theme of this year’s Consumer Expo is still "sharing open opportunities and creating a better life together". Together with Canton Fair in Guangzhou, Service Trade Fair in Beijing and China International Import Expo(CIIE) in Shanghai, it is called the four most influential economic and trade fairs. By this year, the Expo has been the third, and it has attracted more and more attention. There are several figures that can represent the increase in the popularity of the Expo.

The exhibition area of the first and third sessions increased by 20% compared with the second session, and the total exhibition area reached 120,000 square meters, with more than 3,300 famous brands from more than 60 countries participating in the exhibition. It has been confirmed that politicians from seven countries and heads of international organizations will attend the Expo.

2. The number of buyers and professional visitors is expected to exceed 50,000, and the number of visitors is expected to exceed 300,000.

Third, the media is highly concerned. In addition to the domestic mainstream media, it is expected that there will be more than 30 overseas media to report the Expo.

Compared with the previous two sessions, the core indicators such as the number of participating countries, the number of brands and buyers have all increased.

The first show of global consumer goods at the Expo is also worthy of attention. On the 12th and 13th, a new product launch conference of "Consumer Fashion, First Show" will be held in the Welcome Hall, and 28 well-known publishers at home and abroad will bring 118 series of new products with different styles to the stage.

       The public open day of this year’s Consumer Expo is on 14th and 15th, with a total of 100,000 tickets on sale. Visitors can purchase tickets in real-name registration system through the official App of Consumer Expo and WeChat applet.

The press center was put into use in the afternoon.

According to the reporter, this afternoon, the news center of the Consumer Expo was put into use, which can meet the needs of about 1200 journalists working at the same time. In addition, the online news center has been opened to all registered journalists.

Highlights of "The Cultivation of Fighting Nation" Revealed the interactive shooting process of man and bear.

Recently, a romantic comedy movie which will be released nationwide on January 18th has broadcast an interesting behind-the-scenes tidbit on Russian channel. In the tidbits, not only the winter scenery across the two countries is shown to the audience, but also the shooting process of human-bear interaction and swimming in the snow is revealed one by one. More praised by the media: "The laughter resonates, and the story is warm and dramatic", which makes people look forward to it more and more.

 

The humor of the first "happy encounter" between Chinese and Russian cultures on the big screen breaks the distance and becomes an international language.

In the behind-the-scenes footage broadcast, the audience was shown a number of shooting locations with increasingly strong winter atmosphere, from Suzhou and Shanghai to Beijing and Moscow journey to the south. There are also the original players in the series: oligarchs, little princesses and other familiar characters. Among them, swimming outdoors in winter in Russia and interacting with the famous cute brown bear are full of freshness.

As the first Sino-Russian co-production film, the film "The Cultivation of Fighting Nation" opened the most joyful and romantic encounter this winter. The first collision between the two cultures on the big screen is a happy encounter of humor without borders. It can not only satisfy China audience’s curiosity about the fighting nation, but also be a window for Russia to understand China culture.

 

The most practical "meeting the father-in-law" practical strategy at the end of the year resonates with the topic of international marriage and love.

The film "The Cultivation of Fighting Nation" tells an adventure story of a "Shanghai little son-in-law" who went to Russia to meet the "father-in-law of fighting nation". In the film, the tough Russian father-in-law set up a lot of hurdles to stop this marriage: Vodka wine bureau, polar winter swimming, high-temperature sauna, crazy racing and so on. Can’t help but wonder if our hero has a chance to win the beauty back.

Although the story of the film "Meeting my father-in-law" is humorous and full of dramatic conflicts, the warm story resonates strongly. The master also said: "This simple and kind story will definitely find a response in the hearts of audiences from all over the world." "From Shanghai to Moscow, from the Great Wall to the road covered by heavy snow, love has no boundaries and no distance." The evaluation is even more touching.


Donghua Energy joined hands with CNNC to build a zero-carbon industrial park. The price of raw materials soared for half a year, and the net profit dropped by more than 80%.

Changjiang business news ● Changjiang Business Daily reporter Ming Hongze

Donghua Energy (002221.SZ), which constantly promotes the industrial layout, has made heavy moves again.

On the evening of September 6, Donghua Energy announced that the company will join hands with China National Nuclear Corporation to jointly promote the high-temperature gas-cooled reactor project, and it is estimated that the investment will exceed 100 billion yuan in the next five years to jointly build a zero-carbon industrial park. The two sides have also conducted in-depth cooperation in other areas.

Donghua Energy said that the above actions will be conducive to the company’s industrial transformation and upgrading, and greatly reduce the production cost of the process.

Donghua Energy was established in 1996. After more than 20 years of development, it has become one of the top 500 Chinese enterprises. The company’s main business was once dominated by trade, and it is the largest LPG trader in the world and the largest LPG importer in China. In recent years, the company has actively implemented industrial transformation, and now it has become the largest propane dehydrogenation manufacturer in the world.

In the past 10 years, Donghua Energy has achieved a continuous increase in net profit attributable to shareholders of listed companies, but since last year, net profit has declined. In the first half of this year, the company’s net profit was only 146 million yuan, down more than 80% year-on-year.

Donghua Energy explained that geographical conflicts, overlapping epidemics, soaring raw material prices and insufficient downstream demand led to a sharp drop in net profit.

Deep binding with CNNC

A paper announcement by Donghua Energy surprised the market.

According to the latest announcement, on September 6th, Donghua Energy and China National Nuclear Corporation (hereinafter referred to as "China National Nuclear Corporation") signed the Strategic Cooperation Agreement (hereinafter referred to as "Agreement"), which is valid for 10 years.

China National Nuclear Corporation (CNNC) is a super-large state-owned key enterprise directly managed by the central government and belongs to the industry giant.

According to the agreement, the two sides will jointly promote the high-temperature gas-cooled reactor project, and it is estimated that the investment will exceed 100 billion yuan in the next five years to jointly build a zero-carbon industrial park.

In addition, the two sides will jointly establish a hydrogen energy alliance, set up a hydrogen energy research institute and a pilot plant, focus on the thermochemical hydrogen production technology route in the preparation of green hydrogen, and develop solid-state storage materials and equipment for hydrogen.

At the same time, in order to build a hydrogen energy industrial chain and effectively deepen strategic cooperation, the two sides will actively promote CNNC or its member units to become strategic investors of Donghua Energy (accounting for 5%-15% of the shares), and appoint directors to participate in the management of Donghua Energy’s board of directors, so as to create a model of mixed ownership reform of "central enterprises+private enterprises". In addition, according to the principle of "giving priority to quality and price", Donghua Energy (Ningbo factory and Zhangjiagang factory) will be provided with economic and zero-carbon power supply.

The reporter of Changjiang Business Daily found that the cooperation between Donghua Energy and China National Nuclear Corporation not only involves a joint investment of 100 billion yuan in the next five years, but also involves a strategic investment in Donghua Energy, which is deeply tied with its equity relationship and has also made specific agreements on power supply. From this, it can be seen that the two are truly deepening comprehensive cooperation.

Investing 100 billion yuan in the next five years, if it is an enterprise of Donghua Energy, it is not generally difficult.

By the end of June this year, Donghua Energy’s total assets were 36.957 billion yuan, with a total market value of 15.748 billion yuan. With such a volume, it’s hard to imagine that you want to invest hundreds of billions. Holding hands with China National Nuclear Corporation, Donghua Energy will become impossible.

For the above cooperation, Donghua Energy said that the synergy effect on the company’s existing business is significant, which is conducive to the transformation and upgrading of the industry and is expected to greatly reduce the production cost of the process. If both parties cooperate on specific projects within the scope agreed in this agreement, it will have a positive impact on the company’s future performance.

Continuous large-scale investment is under financial pressure

Not only is it difficult to achieve a single investment of 100 billion yuan, but at present, Donghua Energy is also under greater financial pressure.

The semi-annual report shows that as of the end of June this year, Donghua Energy’s asset-liability ratio reached 66.43%. At the end of the period, although the company had 9.037 billion yuan of monetary funds on its books, its short-term debt reached 12.788 billion yuan, which showed obvious short-term debt repayment pressure.

Donghua Energy, originally engaged in trade business, is the largest LPG trader in the world and the largest LPG importer in China. In recent years, the company has actively implemented industrial transformation, and now it has become the largest propane dehydrogenation manufacturer in the world. Its industrial transformation is mainly implemented through investment construction and extended mergers and acquisitions.

In 2015, the first phase project of Zhangjiagang Yangzijiang Petrochemical Co., Ltd. was put into production, which is an important symbol of Donghua Energy’s strategic transformation, upgrading and layout of alkane resources comprehensive utilization industry. In that year, the production facilities of the 660,000-ton propane dehydrogenation to propylene project and the 400,000-ton/year polypropylene project were basically produced at full capacity.

Zhangjiagang Yangzijiang Petrochemical Department was established by Donghua Energy in 2011 with a capital contribution of 560 million yuan, with a shareholding ratio of 56%. In May 2015, the company acquired the remaining 44% equity at a price of 500 million yuan. From 2017 to 2019, Donghua Energy also successively acquired 100% equity of Baoying Jinfan, 100% equity of Polyentang Electronics, 100% equity of Tiansheng Port, and partial equity of Ningbo New Materials to carry out industrial transformation layout.

In 2019, the company announced that it would invest 16.67 billion yuan to build a comprehensive utilization project (Phase I) of alkane resources in Maoming. In order to strengthen the comprehensive utilization of hydrogen energy, in July last year, the company threw out acrylonitrile and its supporting projects to extend the industrial chain, with an estimated investment of more than 6.5 billion yuan.

At present, the company has three production bases in Zhangjiagang, Ningbo and Maoming, and some production capacity is still under planning and construction.

Donghua Energy said that the company will build the world’s largest olefin industrial base based on green chemicals, and plan 10 million tons of polypropylene and multi-copolymerization.

In recent years, the company’s investment cash flow has continued to flow out. From 2020 to the first half of this year, their net outflows were 1.054 billion yuan, 2.852 billion yuan and 1.911 billion yuan respectively.

Because of this, the company bears great financial pressure. In the next five years, the company and China National Nuclear Corporation will jointly invest 100 billion yuan, which will inevitably aggravate its financial pressure.

At one time, Donghua Energy showed strong profitability. In 2016, the company realized a net profit of 470 million yuan. From 2017 to 2020, its net profit increased slowly, but both exceeded 1 billion yuan. In 2021, its net profit dropped by 5.82% to 1.14 billion yuan.

However, in the first half of this year, the company’s performance fell sharply. The semi-annual report shows that its operating income was 15.192 billion yuan, up 6.54% year-on-year, the corresponding net profit was 146 million yuan, and the net profit after deducting non-recurring gains and losses was 95 million yuan, down 80.60% and 86.53% year-on-year.

Donghua Energy explained that geopolitical conflicts triggered international turmoil and superimposed global epidemics, which led to a sharp rise in propane prices. Downstream, due to the epidemic, construction was insufficient, and performance dropped significantly due to the squeeze at both ends.

Will Donghua Energy’s ability to resist risks be enhanced by accelerating industrial layout and financial pressure?

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Matsuoka Ring: Let more people, especially the Japanese, know the historical facts of the Nanjing Massacre.

  On April 4th, Matsuoka Ring (left), head of the Nanjing delegation from the Ming Heart Association of Japan, knelt on one knee and talked with the survivors of the Nanjing Massacre. On that day, in Tomb-Sweeping Day, survivors of the Nanjing Massacre, relatives of the victims and representatives from all walks of life paid homage to the victims killed by the Japanese invaders in 1937 in front of the wailing wall (the wall of the victims list) in the Memorial Hall for the Victims of the Nanjing Massacre. China News Agency issued a photo of Libo

  China news agency, Beijing, August 7 th: "Japanese conscience" Matsuoka Ring: Let more people, especially the Japanese, know the historical facts of the Nanjing Massacre.

  China News Service reporter Ying Ni

  Sitting quietly in front of the reporter of China News Service, Matsuoka Ring, thin body and white face, it is difficult for people to associate her with such a bloody incident as the "Nanjing Massacre". It is this Japanese lady who is nearly seventy years old who has been searching for the historical materials of the Nanjing Massacre for nearly 30 years and has been determined to spread them in China, and has been praised as "Japanese conscience" by Japanese media.

  Matsuoka Ring, who came to Beijing a few days ago, signed a contract with New World Publishing House in China to publish Nanjing: Torn Memories. The Chinese version is expected to be published next year. This book, published in English, about the testimony of Japanese veterans and victims of the Nanjing Massacre, attracted public attention in many places after the release of the new book in Toronto, Canada in April this year.

  Recalling my first visit to Nanjing in 1988, Matsuoka Ring still remembers the victim, Li Xiuying, who said in a hoarse voice, "I feel uncomfortable when I see the Japanese." She admitted to the reporter that this sentence gave her a great impact, "although the political atmosphere and public opinion at that time were both inclined ‘ China-Japan friendship ’ But I think this is what Chinese really thinks. "

  Matsuoka Ring, who used to be a primary school teacher, said that at first, he felt that Japanese education was unfair, while teachers should have been just. "During the investigation, I found that Japan constantly strengthened its efforts to deny history and at the same time strengthened its armaments. The victims in Nanjing told me their pain and hoped that I would tell the truth to the Japanese people. People who deny history hurt their victims again and again, and I have to explain to the old people. They trusted me and encouraged me. When my activities achieved results and told these to the victims, I knew that their pain was also alleviated. "

  Matsuoka Ring still remembers Zhang Xiuyu, an 88-year-old man, holding her hand a month before her death and earnestly telling her that she must tell the truth to the Japanese. It was the same old man who, with the encouragement of Matsuoka Ring, bravely went to the Japanese court as a witness in 1999 and accused Japanese militarism of the heinous crimes committed in China that year.

  In 1990, Matsuoka Ring established an organization to investigate and study the truth of the Nanjing Massacre — — "Ming Xin Hui (Nanjing)", I hope that the memory of the Nanjing Massacre will be remembered by Japanese people.

  "I think young people should be given a correct understanding of what their country is like. Since more than 10 years ago, there has been no history of aggression in textbooks. Before it was submitted to the Ministry of Education, Culture, Sports, and Education for examination and approval, the publishing house itself had already adjusted this paragraph, otherwise it could not be sold, which obscured the children’s eyes. "

  The more Matsuoka Ring knows about the historical truth, the more questions he has and the more he wants to know. Since 1997, she began to consciously search for Japanese veterans who were the perpetrators, and a total of 250 perpetrators were interviewed by her.

  "Less than 2% of the perpetrators have repented," Matsuoka Ring told reporters that only 3 or 4 of the 250 people expressed remorse. The indifference of the perpetrators and the painful struggle of the victims formed a very clear gap, which not only made her deeply saddened, but also further inspired Matsuoka Ring’s determination to reflect the historical truth in a neutral way.

  A subtle fact is that the families of many Japanese veterans who did harm didn’t know that they had done so many bad things in China. Matsuoka found in the interview that these Japanese veterans didn’t disclose their evil deeds in China to their families. "I think they should still feel that those actions are wrong and guilty in their hearts."

  Matsumura, a Japanese veteran who has talked with Matsuoka Ring for more than 20 times, impressed her deeply. "From pride and indifference at the beginning, to later saying that this war was a disaster, which was meaningless to Japan and China, until he died and said ‘ How nice it would be without this war ’ I deeply felt his inner remorse. "

  Matsuoka Ring, who is still on the road of revealing and spreading the historical truth, finally said that it is very important to know each other’s history and the history of the other country, so that we can not repeat the same mistakes with common memories. "I hope the world knows how hard-won peace is and how to cherish it."