Chaotou Guanlan, Shanxi Coal Butterfly Energy Road

Coal is also called "black gold" and "industrial grain". Coal is particularly important to China, accounting for about 94% of the proven reserves of fossil energy resources in China. Coal is related to a fire, a lamp and electricity in the homes of ordinary people, and it is also related to national industrial production, energy security and economic lifeline.

On January 27th, General Secretary of the Supreme Leader visited Shanxi Ruiguang Thermal Power Co., Ltd., and delivered a clear signal on promoting the work of "double carbon" and implementing energy supply guarantee.

The coal of Sanjin lit up China.

Shanxi, China’s largest coal-producing province, accounts for a quarter of the national total for a long time, and more than 70% is supplied outside the province. Daqin Railway, Shuohuang Railway, Zhongnan Railway, a series of special coal lines, and a series of trains full of coal are like energy arteries, starting from Shanxi and radiating the whole country.

△ A train loaded with coal passes through Pingshun County, Changzhi, Central South Railway. The Central South Railway starts from Lvliang, Shanxi Province in the west and ends at Rizhao Port, Shandong Province in the east. (Photo/vision china)

Last year, Shanxi’s annual coal output reached 1.19 billion tons, ensuring coal supply for 16 provinces, autonomous regions and municipalities across the country. Someone once described Shanxi’s contribution to the whole country with "lighting half the lights in the whole country and burning half the kang in the north".

Due to excessive dependence on coal and extensive mining, Shanxi’s industrial structure was unbalanced, its ecology was seriously damaged and its economy once declined.

In May, 2020, General Secretary of the Supreme Leader pointed out during his inspection in Shanxi that "Shanxi once had a monopoly on coal, prospering from coal but also trapped in coal. The economic structure was too single, which seriously damaged the natural ecology and once had a bad influence on the political ecology, and the lesson was very profound."

Take a new road "phoenix nirvana"

The transformation of resource-based economy is a world problem. What about Shanxi? How to transfer?

In 2010, Shanxi Province’s national comprehensive reform pilot zone for resource-based economic transformation was established, which is the first provincial, all-round and systematic national comprehensive reform pilot zone in China. This reform was put forward by the supreme leader in Shanxi in 2009. He said: "I am always concerned about this matter."

△ In May, 2020, the Supreme Leader visited the Shanxi Transformation Comprehensive Reform Demonstration Zone. (Photographed by CCTV reporter Zhang Xiaopeng)

In May 2019, the General Secretary of the Supreme Leader presided over the meeting of the Central Committee for Deep Reform, deliberated and adopted the Opinions on Carrying out the Pilot Project of Comprehensive Reform of Energy Revolution in Shanxi, and supported Shanxi to strive to be the vanguard of the national energy revolution through the pilot project of comprehensive reform.

In May, 2020, when the General Secretary visited Shanxi, he pointed out that Shanxi should have a sense of urgency and a long-term strategic plan to build a demonstration zone for comprehensive reform in transformation. If it is correct, it must persist, make contributions for a long time, don’t repeat it, don’t toss it around, and strive to carve out a new path for transformation and development as soon as possible.

Dare to be the first, phoenix nirvana. During the "Thirteenth Five-Year Plan" period, Shanxi accumulated 156.85 million tons of excess coal production capacity every year, exceeding the target task of de-capacity. Last year, Shanxi’s advanced coal production capacity exceeded 75%.

The goal of "double carbon" has undergone profound changes.

Although the proportion of coal consumption in China has been declining in recent years, it will still be the basic national condition of China’s energy.

In September last year, General Secretary of the Supreme Leader stressed during his inspection tour in Shaanxi that coal, as the main energy source in China, should follow the development direction of green and low carbon, achieve the goal and task of peak carbon dioxide emissions and carbon neutrality by benchmarking, base on the national conditions, control the total amount, control the bottom line, orderly reduce and replace, and promote the transformation and upgrading of coal consumption.

△ In July 2021, in Xinyan Coal Mine, Zhongyang County, Shanxi Province, workers inspected the underground working face. (photo /IC photo)

At the Central Economic Work Conference at the end of last year and the recent World Economic Forum video conference, the Supreme Leader emphasized twice that it is impossible to achieve peak carbon dioxide emissions and carbon neutrality in one battle. When presiding over the collective study in the Political Bureau of the Central Committee a few days ago, the General Secretary once again pointed out that we should base ourselves on China’s energy resources endowment, adhere to the principle of establishing first and then breaking, and make a comprehensive plan. The gradual withdrawal of traditional energy sources must be based on the safe and reliable substitution of new energy sources.

Grasping the rhythm and intensity of carbon reduction reflects seeking truth from facts, step by step and continuous efforts.

Energy supply is "the biggest in the country"

I will read the worries of the people; I will do what the people expect. At the end of the year and the beginning of the year, the general secretary was concerned about the safety and warmth of the people. At the Politburo meeting of the Chinese Communist Party meeting in early December last year, he specifically told us to make overall arrangements for ensuring the supply of coal, electricity, oil and gas transportation, so as to ensure that the people would spend the winter warm.

The general secretary once pointed out that energy security is an overall and strategic issue related to the country’s economic and social development, and it is vital to the country’s prosperity and development, the improvement of people’s lives and the long-term social stability.

△ Shanxi Ruiguang Thermal Power Co., Ltd. is one of the main heat sources of central heating in Taiyuan and Jinzhong, and was awarded the title of "National Demonstration Power Station for Energy Saving and Emission Reduction of Coal-fired Power". (Photographed by CCTV reporter Fan Kai)

The CPC Central Committee attaches great importance to the work of "six guarantees" and "six guarantees", and "ensuring food and energy security" is one of the "six guarantees". At the Central Economic Work Conference at the end of last year, General Secretary of the Supreme Leader pointed out that to ensure energy supply, large enterprises, especially state-owned enterprises, should take the lead in ensuring supply and stabilizing prices.

On the 24th of this month, when presiding over the collective study in the Political Bureau of the Central Committee, the General Secretary not only stressed the need to resolutely control fossil energy consumption, especially strictly and reasonably control the growth of coal consumption, but also stressed the need to consolidate the domestic energy production base and ensure the safety of coal supply. This consideration is based on the long-term and warm people’s hearts.

△ Shanxi Jinzhong. (Photo/vision china)

Coal is one of the earliest energy sources recognized and utilized by human beings. It lights a fire to dispel the cold in winter; It lights a lamp to light the way forward; It sends a cavity electricity and acts as a great power.

Looking forward to the future, the coal that has completed the "butterfly change" in the energy revolution and green transformation will support the magnificent journey of high-quality development together with new energy and clean energy.

Producer: Shen Yong Zhao Xuehua Gong Xuehui

The main author is Randy.

Broadcast about Yao Ke

How long is audio production?

Editor-in-Chief Yu Zhenyi

Visual sense, Chen Kuo, Zhang Jing

Editor Wang Zun

Aerial photography of China: Learn about China from this documentary!

Text | Ruiying

"What kind of China have you seen? Is it 9.6 million square kilometers? Or is it 3 million square kilometers? Is it the world where the four seasons rotate, or the music played by ice and fire? " The familiar prologue makes a magnificent picture unfold to us.

Aerial photography of China is produced by CCTV Recording Channel of Central Radio and Television General Station, which is the most representative documentary of China geography. It uses high-altitude photography to make up for human visual defects and broaden human perspectives. But it is not only a visual journey, but also a humanistic journey and a spiritual journey.

one

Create the ultimate visual feast

The shooting of the series of documentaries "Aerial Photography of China" can be said to be the most extensive and largest aerial shooting project in China, with the longest flight time and the first time to realize the narrative of all aerial images. The characteristic of aerial photography lies in its unique angle and scenery, and the picture constructed by this angle and scenery is not available in general ground photography.

The biggest difficulty in Aerial China is how to tell the story with aerial lens. First of all, the movement of the lens is presented in the form of slow browsing. In Aerial China, there are not many shots with strong visual impact, such as high speed and hedging. Instead, through a simple browsing method, the audience is presented with the scenery of the motherland that they have never seen before, and the audience is shocked and moved in a quiet way. The aerial photography practice of Aerial Photography China effectively combines aerial photography technology with attracting audiences, creating a unique structural form similar to travel experience.

Take the second season as an example, its aerial photography technology and post-production have improved compared with the first season. In the second season, the camera will be zoomed up to places that people can’t reach at ordinary times and see the wonders that belong to the sky. It can be said that the second season better conveys the theme and embodies the people-oriented attitude in both the early shooting and the late production. At the same time, it also embodies the spirit of the Chinese nation’s courage to innovate and constantly break through.

In order to present the gorgeous landscape in a wider space, the film crew also used orbiting satellites to present multi-level images. The satellite image of Zhoushan Islands in Zhejiang is the first time that Aerial Photography of China has used satellites to collect data. Through satellite images to assist the later processing, the audience can clearly see the plains and water systems. In addition, it also used VR photography for the first time to present special effects on plane images. For example, the picture of the interchange of two rivers in Jiangsu was presented by VR technology.

At the same time, some parts of it also adopt the shooting method of flying at an ultra-low altitude close to the ground with a mirror to the end. In "Sichuan", Sichuan cuisine and Sichuan opera are presented in series through the shooting technique of one mirror to the end, which makes the audience’s impression of Sichuan more three-dimensional. In "Zhejiang", the aerial plane suddenly entered the fish pond to shoot the underwater world, and skillfully presented the ecological circular agriculture model on the Hangjiahu Plain to the audience in a limited time.

Although the macro-shooting method of aerial photography is adopted throughout the film, its content itself is still close to the people, and the film’s handling method is also very delicate and full of visual beauty. It’s different from the fast-paced and visual-impact shots typed in Haocaiwu. The overall lens of this film presents a gentle and magnificent visual style, which coexists with softness and fortitude. It is a lens language with a unique China style.

In content, it has always been gradually developed around people’s lives. For example, in Inner Mongolia, the aerial plane lowered its height and went deep into the camel race field in Inner Mongolia, close to the people to shoot this unique folk competition. There are many records like this, all of which reflect the unique culture and story of China. The whole documentary is solid in content, and there is no flashy feeling, which makes it a unique expression of China.

two

The charm of sound language

Documentary is an art of audio-visual combination. In the process of communication, sound language often affects the audience’s understanding of the director’s intention. From the sound point of view, the music in Aerial Photography of China series is also the finishing touch, which endows this series of works with soul. In the series "Aerial Photography of China", because the aerial images give the audience a soft and ethereal feeling, the rhythm of the music needs to be changed, and the music needs to be pleasing to the eye, which is suitable for the head-up and communication tone of the documentary itself. At the same time, the narration has an affinity tone, which is in line with the "love of the earth" contained in the theme of this series.

Take the opening song of the first season of Aerial Photography of China as an example: it begins with the piano and violin wandering, just like waking up in the mist in the morning, with the opening commentary of the documentary. In the middle section, drums and cello complement each other, drums dominate the rhythm, cello leads the melody, expressing implicit rhythm and deep vitality, which coincides with the aesthetics of the East. In the latter stage, the combination of female high-pitched singing and string concerto achieved the emotional catharsis and release of the audience.

In addition, the commentary full of Chinese cultural heritage also plays a very important role, which not only accurately explains the content of the picture and conveys the theme, but also reflects the artistic charm of Chinese cultural rhetoric.

For example, in the second season of Aerial Photography of China, almost every episode will talk about some contents about animals and plants. If the commentary is only a very straightforward and straightforward introduction, and then the relevant knowledge is explained, it will look like a science and education film lacking characteristics. However, the commentary in this film uses a lot of rhetorical devices such as metaphor and personification, which is very vivid and has a strong sense of communication.

Commentary gives animals and plants more vivid souls, which is fascinating and leaves a deep impression on the audience. For example, in Gansu, it is said that "in the arms of the Yellow River, it is Longwan Village …" Here, the anthropomorphic technique is used. Since ancient times, the Yellow River has been regarded as the "mother river" of the Chinese nation. Here, the director borrowed this allusion to describe the Yellow River as a person with arms and holding her people.

When talking about the colorful Danxia in Zhangye City, "nature is like an unintentional work that knocks over the palette, which can let us understand what real talent is." Here, the colorful Danxia Mountain formed by mineral precipitation is compared to the color palette knocked over by nature, which is very accurate. The combination of sound and picture gives the audience a feeling of sudden realization, creates an atmosphere with language, stimulates the divergent thinking of the audience, increases the enjoyment of the audience’s psychological beauty and resonates. Although it is a documentary, the director is very good at telling stories, highlighting details, setting suspense, decorating monotonous empty scenes vividly and simply, and combining artistry with interest.

three

tell China’s stories well

An excellent documentary can be used as an image material bearing the national cultural connotation in cross-cultural communication, which can be spread all over the world and delivered to the global audience with the help of technical carriers. Different from other video works of literary and artistic creation, documentary has its own unique non-fiction essence. It uses real and exquisite pictures, beautiful music and rich narration to form a vivid film with artistic aesthetic value, which provides the possibility for spreading the national image.

"Prone" is an externalized shooting angle, and "backward" is an internalized mental state. The documentary series Aerial Photography of China not only shows the rich and magical natural landscape of China and the high-rise buildings and urban construction of China, but also embodies the spirit of patriotism. It allows the audience to appreciate the ecological beauty of China from high altitude with an objective perspective and a "bird" perspective. The film abandons the traditional idea that the theme comes first, but lets the facts speak for themselves.

In the filming, the film crew captured many rare wild animals that faded out of public view, such as golden monkey, takin, Zhu, Siberian tiger, brown giant panda, etc. These animals have been in a crisis of survival for many years due to ecological deterioration, and ecological improvement in recent years has made them return to nature. These stories told in the film can convey to the audience the efforts made by the China government in protecting the environment, and also respond to the development concept of "harmonious coexistence between man and nature" and Lucid waters and lush mountains are invaluable assets.

While photographing the beauty of ecology, Aerial Photography of China also photographed sandstorms, extreme cold and other bad weather, which made the audience realize that there is still a long way to go to build an ecological China. The film shows the original ecological appearance in the form of overlooking, and its visual impact and spiritual shock are beyond the reach of ordinary documentaries. The new image of ecological China has reached a new height in Aerial Photography of China.

The values conveyed by documentary with facts are patriotism at home. In Xinjiang, there is a National Flag of the People’s Republic of China pattern composed of peppers on the ground, which makes the audience feel a strong sense of national pride. This is an expression of the Chinese dream, and at the same time, it also conveys the community of human destiny of peace, development, cooperation and common prosperity, and inherits the social ideal of ancient China, where heaven and man are one and the world is one. The Chinese dream and the community of human destiny complement each other. The development of the Chinese dream can not be separated from the mutual help and mutual benefit of all countries in the era of global village, and the construction of the community of human destiny can not be separated from the participation of China, an indispensable protagonist.

The series of documentaries "Aerial Photography of China" is the first documentary in China that tells stories entirely by aerial photography. It builds an image space independent of the ground by plane, and shows the customs of the Chinese nation from south to north and from east to west from a defamiliarization perspective. It satisfies the visual and emotional expectations of the audience, spreads the profound connotation of culture in the beauty of mountains and seas, and makes the profoundness of humanity and the beauty of nature blend seamlessly. The traditional heavy history and the contemporary prosperous world form a harmonious beauty, which truly satisfies both refined and popular tastes.

It also proves by practice that it is possible to establish a complete narrative system only by aerial photography. While constantly pursuing higher scores and higher tolerance of aerial photography quality, we should also pursue the creation of image space creativity and aesthetic artistic conception of aerial photography, so as to achieve the lofty and graceful picture expression brought by the combination of macro and micro.

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In 2025, a multi-field, multi-category and all-round new working system of weather modification will be basically formed.

  The picture shows the high-performance rain enhancement aircraft of China Meteorological Bureau.

  Photo courtesy of Weather Modification Center of China Meteorological Bureau

  Weather modification Using scientific and technological means to intervene in the weather can increase rain and snow, prevent hail disasters, and benefit mankind. Following the Yun Geng Action Plan on Weather Modification (2020— In 2022), recently, the China Meteorological Bureau issued the "Weather Modification" Rain Mitigation Action Plan (2023— 2025) (hereinafter referred to as the "Rain-sowing Plan"), defining the high-quality development goals and key tasks of weather modification in the next three years, and proposing that by 2025, a standardized, efficient, technologically advanced, safe and reliable, multi-field, multi-category and all-round new working system of weather modification will be basically formed.

  How does weather modification "turn clouds into rain"? How will the plan of "sowing rain" seek advantages and avoid disadvantages, and protect beautiful homeland? The reporter conducted an interview.

  Weather modification is not just about increasing rainfall.

  On February 7-8, snowfall occurred in the eastern agricultural area of Qinghai Province and the southern foot of Qilian Mountain. Qinghai meteorological department seized the opportunity to organize and implement artificial precipitation (snow) enhancement by aircraft and ground in Huangshui Valley, Yellow River Valley and the southern foot of Qilian Mountain. According to statistics, from 20: 00 on the 7th to 20: 00 on the 8th, the weather modification operation increased the local accumulated precipitation by 0.1 to 5.6 mm, which effectively alleviated the drought in the eastern agricultural area and the southern foot of Qilian Mountain, and was conducive to reducing the fire risk level of forest and grassland, improving ecology and spring ploughing production.

  At present, it is in the period of spring ploughing production, and weather modification operations are carried out in many places to alleviate drought, improve soil moisture and meet the needs of crop sowing and growth.

  Is weather modification artificial rain and snowfall? Of course it’s not that simple. Li Jiming, deputy director of the Weather Modification Center of China Meteorological Bureau, told the reporter that weather modification refers to the artificial influence on the physical process of local atmosphere by scientific means, so that the weather phenomenon can be transformed in the predetermined direction. Weather modification can increase rainfall, but it can’t make rain or rain out of thin air. "It is necessary to find clouds with precipitation potential, water vapor transport and updraft areas, and then carry out catalyst seeding operations on qualified clouds at the right time to achieve the purpose of precipitation enhancement."

  In fact, weather modification is not only about increasing rainfall and snowfall, but also about hail suppression, fog elimination and frost prevention. At present, many weather modification operations in China are artificial precipitation (snow) and hail suppression.

  After more than 60 years of development, especially since the 18th National Congress of the Communist Party of China, the cause of weather modification in China has developed rapidly, forming a national — Province — City — The county-level four-level weather modification business system has made important contributions in disaster prevention, mitigation and relief, ecological environment protection and restoration, national major activities support, and major emergencies emergency support.

  Last year, high temperature and drought continued in most parts of southern China. From June to mid-November, many places in southern China organized 241 sorties of aircraft precipitation enhancement operations and 15,000 ground precipitation enhancement operations, which increased precipitation by about 8.56 billion tons, effectively alleviating the drought and playing a positive role in increasing storage and capacity of reservoirs and ensuring energy supply. Last year, the national weather modification increased precipitation by about 39.8 billion tons, and the hail suppression operation protected an area of about 650,000 square kilometers, reducing economic losses by about 14.1 billion yuan.

  Equipment and technology are at the advanced level in the world.

  The high-quality development of weather modification can not be separated from the strong support of scientific and technological means.

  According to Li Jiming, weather modification requires scientific and technological means to monitor the weather conditions formed by clouds and precipitation. For example, the thickness of clouds is more than 2,000 meters, the water vapor is sufficient, and the supercooled water content in clouds exceeds 0.01g/kg. Only when certain conditions are met can operations be considered. Then, the catalyst is accurately delivered to the appropriate part of the cloud by means of aircraft, rockets, anti-aircraft guns, ground smoke stoves and so on. Different operation methods are adopted according to different requirements.

  Which cloud can melt rain? Meteorological departments rely on modern detection equipment, including ground-based cloud precipitation special observation equipment such as weather radar, cloud radar and microwave radiometer, space-based observation systems such as radiosondes and airplanes, and space-based observation systems such as geostationary satellites and polar-orbiting satellites. Using the observation data obtained by these devices, the Center for Weather Modification has developed a cloud precipitation monitoring and forecasting system, which is used to judge whether it is suitable to carry out weather modification operations.

  After the monitoring, the operation scheme design and command were carried out, and the weather modification center developed refined cloud structure products, working condition monitoring and identification methods, etc., to accurately "lock" which cloud is suitable for melting rain. In order to evaluate the operation effect, a simulation evaluation system for the catalytic effect of weather modification and various scene evaluation products have been developed. At the same time, a number of advanced experimental facilities, such as warm cloud expansion cloud chamber, cloud physics and catalytic technology research and development experimental platform, have been put into use one after another, which has effectively improved the ability of weather modification.

  With the strong support of governments at all levels and relevant departments, the modernization level of weather modification equipment in China has made great progress. High-performance aircraft equipped with monitoring, catalysis, communication, integration and other task equipment and systems, carrying suitable catalysts, can carry out the operation of turning clouds into rain at any time according to cloud types, greatly improving the ability and level of precise operation. At present, there are six national-level high-performance aircraft for weather modification in China. In the rain enhancement and drought relief in Henan, Hubei, Chongqing and Sichuan last year, large unmanned aerial vehicles complemented manned aircraft operations, which improved the ability of weather modification in all time and all terrain.

  "At present, China’s weather modification operations are the most complete and diverse, and the equipment and technical level are generally at the advanced level in the world." Li Jiming said.

  We will focus on building seven experimental demonstration bases.

  According to Wang Yawei, Deputy Director of Emergency Disaster Reduction and Public Service Department of China Meteorological Bureau, the plan of "sowing rain" will focus on promoting the high-quality development of weather modification, focusing on scientific operation, precision operation and safety operation, accelerating the development of weather modification from scattered, extensive and relatively independent to intensive, research-oriented, safe and integrated, and improving the modernization level of weather modification with wisdom as the main feature.

  More scientific — — In terms of business layout, the "Rain-sowing" plan will improve the four-level business layout, broaden the original five-segment real-time business into seven-segment real-time business, and increase the prospect of preliminary operation conditions and the safety management of the whole business process.

  Focus on the national strategy, focus on the main grain producing areas, key ecological areas of "three areas and four belts", major activities and major emergency needs, improve the layout of operational aircraft, and optimize the planning and layout of weather modification test demonstration bases. Form an air operation force with high and low altitude, wide coverage and strong maneuverability, and enhance the ability to support weather modification under various conditions. We will focus on building seven experimental demonstration bases in southwest, north China and southeast China, and encourage all localities to build experimental demonstration bases for weather modification according to local needs and carry out research and experiments.

  More accurate — — According to the time nodes of one week, 72 hours, 48 hours and 3 hours, the operation process forecast, operation potential forecast, operation condition forecast and operation condition monitoring and early warning are carried out respectively. Establish the effect evaluation and benefit evaluation business of weather modification operation for normalization, typical process and annual service scenarios.

  Safer — — Improve the technical standards and specifications for weather modification safety supervision, speed up the installation of new operational equipment such as high-performance rain enhancement aircraft, promote the automation, standardization and information transformation of ground operational equipment, realize real-time dynamic safety supervision of weather modification equipment and ammunition, and improve the level of safe operation.

Chevrolet 06 Corvette Z06 is about RMB 540,000.

News from Detroit, Michigan, the price of 06 Z06 was announced yesterday. This car has a maximum horsepower of 505 HP, and it only takes 3.7 seconds to accelerate from standstill to 100 km/h when it is in first gear. The new Z06 will be the fastest Corvette ever. The starting price of this car is $65,800 (about RMB540,000).




be in common useEd Peper, general manager of Chevrolet Branch, said: "Corvette is of great value as a world-class sports car, and it is a classic all over the world. This fastest production version of Corvette can be provided to consumers at such a price, which once again proves its good reputation. When you compare the performance of the Corvette Z06 with other supercars, you will find that this car is better than the competitive models in many places, but the price is only one third of them. "




Previous generations of Corvette Z06-from the original version in 1963 to the version in 2001-2004, the engine was gradually upgraded on the basis of the original model, but the 06 Z06 is very different from other Z06 in history. This car is completely updated. It uses a lot of light materials such as carbon fiber, aluminum, titanium and magnesium, and its curb weight is 1420 kg (.




This car is expected to be launched in the fourth quarter of this year, and its addition will make the sixth-generation Corvette car series a perfect ending.





Wolf Whispering: The 06 Corvette Z06 can be said to improve the overall performance of Corvette to a new level. Its 7.0-liter V8 engine has a power of 505 horsepower. While continuing to write the myth of Corvette, this car is also in the forefront of its class. I believe it will be enthusiastically sought after by fans after listing.









Text/Wolf

A Japanese pregnant woman was unable to be admitted to hospital because of COVID-19 infection, and her baby died after giving birth at home.

  BEIJING, Aug. 19 (Xinhua) According to NHK, a pregnant woman infected with COVID-19 in Japan died of premature delivery on the 17th local time because she could not find a receiving hospital.

On the 17th local time, a Japanese pregnant woman infected with COVID-19 died of premature delivery after giving birth at home because she could not find a receiving hospital. Image source: Japan Broadcasting Association (NHK) report screenshot

  On the 17th local time, a Japanese pregnant woman infected with COVID-19 died of premature delivery after giving birth at home because she could not find a receiving hospital. Image source: Japan Broadcasting Association (NHK) report screenshot

  It is reported that this pregnant woman is in her thirties. She has been pregnant for eight months. She is recuperating at her home in Chiba Prefecture because of Covid-19 infection.

  On the afternoon of 17th local time, she called an ambulance due to massive bleeding. However, due to COVID-19’s infection, rescuers have been unable to find a hospital that can accept her. A few hours later, the pregnant woman had to give birth at home.

  Because the premature newborn failed to receive emergency treatment at home, although he was later taken to the hospital, he died unfortunately. Fortunately, pregnant women are not in danger.

  In this regard, Japanese Chief Cabinet Secretary Katsunobu Kato said on the 19th that he expressed his condolences to the dead baby and said that the authorities would provide necessary support to ensure the mechanisms of first aid and hospitalization for pregnant women.

  At the same time, Kato also said that "the current medical situation in Japan is indeed very serious, which is a fact."

  As Kato said, the COVID-19 epidemic has spread rapidly recently, and the number of newly diagnosed cases in many places has reached a new high. As of 23: 59 local time on August 18th, Japan had 23,917 newly diagnosed cases compared with the previous day, with a cumulative diagnosis of more than 1.2 million cases.

  At present, the utilization rate of hospital beds in Tokyo, Chiba Prefecture and Osaka Prefecture has exceeded 50%, among which Kanagawa Prefecture, Okinawa Prefecture and Shiga Prefecture have exceeded 80%. An epidemic expert group providing epidemic prevention consultation for the Japanese government judged on the 18th that the deterioration of the epidemic situation in Japan has been difficult to contain.

One-week inventory | China Unicom rose 14.34% in the past week and 23.30% in the past month.

[This week’s market trend]

From February 10, 2025 to February 14, 2025, the Shanghai Composite Index rose 1.3% to 3,346.72 points. The growth enterprise market index rose 1.88% to 2215.30 points. The Shenzhen Component Index rose 1.64% to 10,749.46 points. China Unicom rose 14.34% in the past week, 23.30% in the last month and 35.55% in the last year.

[Review of competing products]

Stock abbreviation stock code Up and down in the past week Up and down in recent January Up and down in the past year China Mobile 600941 4.17% 3.98% 16.57% *ST pengbo 600804 2.25% -7.14% -40.33% China Telecom 601728 10.80% 14.66% 41.50%

[week-related information]

Company news

China Unicom: In 2025, it is planned to launch 5G-A in 39 key cities and support over 300 5G-A mobile phones.

Summary: China Unicom recently released the "5G-A Action Plan", and plans to launch 5G-A services in 39 key cities in 2025, and promote them in more than 300 cities. At the same time, the "5G-A Spark Plan" and "Hundred Rivers Plan" were launched to strengthen industrial chain cooperation. It is estimated that more than 300 5G-A mobile phones will be supported this year, and 20 billion yuan of "Unicom Supplement" will be launched. 5G-A technology will promote the upgrade of mobile communication network, enhance user experience and help the intelligent transformation of the industry.

Telecom stocks continued to rise. China Unicom rose more than 4%. DeepSeek brought a new round of growth opportunities to operators.

Summary: Telecom stocks continued to rise. China Unicom rose 4.49% to HK$ 8.15, () rose 2.69% to HK$ 5.72, and () rose 1.15% to HK$ 78.9. According to the Ministry of Industry and Information Technology, the three major telecom companies have fully accessed the DeepSeek model to promote the development of AI applications. Huatai Securities expects that AI applications will drive the growth of data traffic and cloud services, and the three major operators are expected to benefit from this in the next decade.

China Unicom, which involves more than 300 cities, disclosed the 5G-A action plan.

Summary: China Unicom released the "5G-A Action Plan" in Harbin on February 10th, and plans to fully launch 5G-A services in the main urban areas of 39 key cities by 2025, and promote them in key scenes of more than 300 cities. The plan includes "four-pole" network and "four-integration" capability, aiming at promoting the deep integration of communication and multiple fields, improving the performance of 5G-A network, and accelerating technological innovation and industrial upgrading.

China Unicom: Make it stronger and better, enlarge the 5G-A industrial ecology and promote high-quality development

Summary: China Unicom released the action plan of 5G-A in Harbin, and Wang Limin, deputy general manager, emphasized that it has built the first largest and fastest 5G co-construction and sharing network in China, covering 290 million users. The company will promote high-quality development through integration and innovation, especially providing official communication and cloud services for the 2025 Asian Winter Games, and applying 5G-A technology to enhance event management and audience experience.

Industry news

Yu Xiaohui, president of China Information and Communication Research Institute, and his party visited Venus Star.

Summary: On February 13th, Yu Xiaohui, president of China Institute of Information and Communication, and his party visited (), focusing on the practical application of the company in the fields of safe operation, industrial internet and vehicle networking. The Venus Star leadership team accompanied the whole process and introduced the innovative achievements of AI empowerment security. The two sides had in-depth exchanges on issues such as artificial intelligence security, and emphasized that they would use the scientific and technological strength of China Mobile to promote the development of the network security industry.

Situation in Russia and Ukraine: The Ukrainian army is accused of using the long-range missiles of the United States and Britain to attack Russia for the first time.

According to foreign media reports, sources said that on the 20th local time, Ukraine launched as many as 12 British "Storm Shadow" cruise missiles into the Kursk region of Russia. The day before, Uzbekistan used the American Army Tactical Missile System (ATACMS) to attack targets in Russia for the first time. On the same day, Russian President Vladimir Putin signed a decree approving the updated nuclear doctrine. The outside world is worried that the tension in the Ukrainian crisis will escalate again.

Ukraine used US-British missiles to attack Russia for the first time?

According to CNN, on the 20th local time, Ukraine launched a series of "Shadow of the Storm" cruise missiles provided by Britain to targets in Russia for the first time.

According to reports, on the same day, a Russian military blogger posted photos of "Storm Shadow" missile fragments on social media Telegram, claiming that 12 missiles were launched into the Russian Kursk region.

The blogger said that the photo of the missile fragments was taken in marino village, Okursk region, about 35 miles from the Ukrainian border, and the words "storm shadow" were engraved on the fragments.

Image source: Screenshot of CNN report

Trevor Bauer, a former US Army explosive ordnance disposal technician, confirmed that the debris in the photo came from the Storm Shadow missile. However, CNN said that it was impossible to confirm whether the photos on the Telegram were taken on November 20.

The report pointed out that Britain and France had previously provided "Storm Shadow" missiles to Ukraine for use in Ukraine. The missile has a range of about 250 kilometers, which is slightly shorter than that of American ATACMS.

In addition, The Times quoted sources as saying that the ban on Ukraine’s use of the British "Shadow of the Storm" missile on Russian territory has probably been lifted.

Up to now, Ukraine and Britain have not commented on this.

According to RIA Novosti, on the 19th local time, the Russian Defense Ministry announced that at 3: 25 am on the 19th, the Ukrainian army attacked a facility in Bryansk State in Russia with six American-made "Army Tactical Missile System" (ATACMS) missiles. Missile fragments landed in a military facility in Bryansk State, causing a fire, and no casualties were caused.

"If long-range missiles are used from Ukrainian territory to Russian territory, it means that they are controlled by American military experts. We will regard this as a new stage of the Western war against Russia and respond accordingly." Russian Foreign Minister Lavrov said.

Lavrov also said that the actions of the Ukrainian army have escalated the situation. He urged the United States and its western allies to learn about the updated Basic Policy of the Russian Federation’s Nuclear Deterrence Countries.

The Ukrainian crisis has further escalated?

"The Ukrainian crisis that has lasted for 1000 days is in a turbulent period." Reuters said that with President-elect Trump returning to the White House in January, 2025, Ukraine and European countries are full of doubts about American aid to Ukraine.

The report pointed out that for several weeks, Russia has been signaling to the United States and its allies that if they allow Ukraine to use missiles provided by the West to attack Russian territory in depth, then Moscow will regard it as a "major upgrade."

According to Ukrainian media reports, on the afternoon of the 20th local time, Ukraine issued an air defense warning, asking people to seek asylum because of the "missile threat", which caused widespread panic.

At the same time, the U.S. Embassy in Ukraine issued a security alert, saying that the Embassy received the news that it might suffer a "major air strike" on the 20th. Due to careful consideration, the Embassy was temporarily closed.

According to Euronews, on the same day, the embassies of Italy, Greece and Spain in Ukraine announced that they would be closed on the same day due to the risk of attack. Although the French embassy remains open, it urges its citizens to be cautious.

On the 18th, local time, Hungarian Foreign Minister Jardot said that "the ideas of the political elites who supported the war in the United States and Europe are becoming more and more divorced from reality, and it seems that they are launching the last desperate and fierce attack", which is extremely dangerous and "the real threat of the third world war is approaching step by step".

Lost in Russia made an ending song of 170 kg, and Xú Zhēng was exposed to Huang Ma running for ten kilometers.

 

1905 movie network news On January 28th, the new film directed by Xú Zhēng released the ending song "Red Berry Flowers Bloom" MV, which was composed and produced by the young singer Mao Nan, composed by Lost in Russia and violinist Peng Fei, and adapted from the Russian classic song of the same name. Since the launch of audio, songs have occupied the list of new songs on major music platforms, and they have won praises from listeners and fans. This film exposure MV records the behind-the-scenes warmth story in the form of numbers, and the sincerity and intention of the whole crew can be seen at a glance, which coincides with Mao’s simple and warm singing.

A few days ago, the movie Lost in Russia was broadcast online for free on January 25th. Many viewers said, "For the first time, my family sat together to watch the Spring Festival movie. After watching it, my father and I gave my mother a hug." In addition, the film also harvested keywords such as "crying and laughing", "warm heart and healing", "fireworks" and "family building".

Lost in Russia stills-Xú Zhēng hugs Huang Mama.

The film Lost in Russia is directed and starred by Xú Zhēng, starring Huang Meiying, starring Yolanda, starring Jia Bing and Guo Jingfei, and starring Shen Teng and Olivia. As a series of new works of "Embarrassment" brought by director Xú Zhēng for four years, Lost in Russia’s characters, stories and production have been upgraded in an all-round way, which is a new way; Similarly, Lost in Russia also sent warmth to the whole family and completed a reunion in a special period.

 

Mao is not easy to sing Lost in Russia’s ending song.

The MV of "Red Berry Flowers Bloom" presents behind-the-scenes shooting. 

Lost in Russia created and dedicated the "first shooting experience"

Lost in Russia’s ending song "Red Berry Flowers Bloom", which was sung by young singer Mao Nan, was adapted from a Russian classic song of the same name. Peng Fei, a composer and violinist from Lost in Russia, arranged and produced it, which was tailor-made for the film and intended to send warmth to the people of the whole country during the Spring Festival. MV recorded the moving shooting details behind the scenes of the film through a set of data, and counted many "firsts" of the main creators.

The 48-year-old director Xú Zhēng set foot on Lake Baikal at MINUS 37 degrees for the first time. The 170-pound director ran for nearly 10 kilometers on the frozen lake with his 90-pound mother Huang on his back. The 70-year-old mother Huang tried to climb a tree for the first time in the forest of Siberia, Russia, and completed the "first show of action" in her life. At the same time, at the end of the film, "Embarrassing Mom" Lu Xiaohua boarded the stage of the Red Star Grand Theatre to sing "Red Berry Flowers Bloom", which was the first time that Huang Meiying stood on such a big stage to sing. After the performance, Mom Huang shed excited tears; Yuan Quan crossed the road 27 times in Manhattan, new york for the first time; Lost in Russia producer Tao Hong appeared on the set to help the mothers rehearse the last performance … … Just to create a natural and true trip to Russia with full details. It is worth mentioning that the harmony directed by Xú Zhēng is also added to the singing part of the ending song "Red Berry Flowers Bloom", which is quite ingenious and can not help but make people feel the crew’s insight into life and sincerity in creation.

Lost in Russia stills-Huang Meiying sings at the Red Star Grand Theatre.

Lost in Russia told the story that Xu Yiwan was caught in a family crisis and commercial disputes, but accidentally got on the train to Russia with his mother. The film’s creativity seems to be small, but it has evolved into a complex and huge production that spans a variety of landforms and is completed under various scenic wonders. Not only in the original starting point of K3 train, Beijing Railway Station, but also through Moscow, St. Petersburg, Irkutsk and other places, the mysterious and beautiful scenery of Russia is fully displayed.

Lost in Russia stills-Yolanda plays Zhang Lu.

It is reported that there are 1023 visual effects shots in the whole film, and 15 companies from all over the world have participated in the production since the pre-preview, including China, the United States, Russia, Australia, Serbia, Sweden, Denmark, India and Malaysia. Director Xú Zhēng and his mother Huang filmed 35 days and nights in the 1:1 restored carriage. In order to enrich the presentation of the space environment in the carriage, we should simulate the train movement and make the light outside the window "fake". Among them, the thrilling scene of "Bear Mouth Saving Mom" was filmed in the 409th edition, which is also the highest shot in the whole film. Xú Zhēng revealed: "The final result is that our film has become a special effects blockbuster, and even 90% of the shots have special effects." With the efficient behind-the-scenes team coordinating the production of different elements such as scenery and machinery, the film finally presents a romantic and open visual effect.

 

Lost in Russia stills-Guo Jingfei plays Guo Tie.

Love, affection and self-growth in an all-round way 

Xú Zhēng returns to classic comedy to cure family.

"Very resonant, Lost in Russia is my daily life with my mother!" "All the acting skills are online, life is artistic, love and affection go hand in hand, keep pace with the times, and don’t be conventional." Short comments such as the above are the epitome of the audience’s feedback on movies since Lost in Russia went online. In addition, many film critics have expressed their views one after another: "The road has been blocked for ten years, and the fireworks are much warmer. Solving the dilemma of getting along with people all the way is the change and growth of this brand." During the journey, the two sides gradually sought a better way for mother and son to get along with each other through understanding and running-in. Love creates embarrassment. But love is the essence. Xú Zhēng said frankly: "I hope that Lost in Russia can bring you a little warmth and let the audience sort out their emotions. Love is a kind of acceptance and respect. When I watch this movie with my family during the Spring Festival, everyone has a topic to discuss and the interaction can be started. "

Lost in Russia stills-Jia Bing plays Jia Jianguo.

In a special period, Lost in Russia devoted himself to sending warmth to the China family and fulfilling the wish of reunion. Xú Zhēng explained: "People in China always want to go home during the Spring Festival. However, there are not so many movies that young people can really go to see with their families. I hope that after watching this movie, everyone can have a discussion to see what the people in the movie are like and what our lives are like. " On the reunion day of the Spring Festival, watching Lost in Russia together with the whole family will not only bring joy, but also bring the family closer together. As Xú Zhēng’s creation pointed out: "This film is not only a gift for all mothers in the world, but also a gift for everyone."

Bruce Lee’s death is complicated, and the cause of death is still a mystery (Figure)

  BEIJING, July 20th (Luo Pan) Forty years ago today, a generation of kung fu superstar Bruce Lee suddenly died in Hong Kong at the age of 33, which shocked the Chinese world. Regarding the cause of his death, although the answer given by the court is "drug allergy", there are still many arguments and speculations about it, which have been debated for many years.

  Before his death, the scene was revealed and he died at the gossip girlfriend’s house.

  After Bruce Lee’s accident, the outside world paid attention to what he experienced before his death, and some media disclosed the scene in detail.

  It is reported that at about 1 pm on July 20th, Bruce Lee’s wife, Lianda, went out, and Bruce Lee said that he would discuss the movie "The Game of Death" with Zou Wenhuai (a Hong Kong filmmaker who holds Bruce Lee in one hand).

  At about 14: 00, Zou Wenhuai came to Bruce Lee’s house. They talked about the outline of the movie for a while, and then left together. At about 16: 00, they came to the home of Bruce Lee’s gossip girlfriend Ding Pei, who was also an actress. At the same time, the three also agreed to meet Australian actor George Racimby in the evening to discuss his role in the film.

  The three talked about "The Game of Death" for more than two hours. At about 7 pm, Bruce Lee said that he was "not feeling well" and "had a headache". Ding Pei let Bruce Lee take a painkiller that Ding Pei often takes, and Bruce Lee went to sleep in Ding Pei’s bedroom. At about 8 pm, Zou Wenhuai went to pick up George Racimby. Half an hour later, Ding Pei went into the bedroom to see Bruce Lee. Seeing that Bruce Lee had fallen asleep, he called Zou Wenhuai and said, "Bruce Lee slept soundly."

  At 9 o’clock in the evening, Bruce Lee was still awake. At 9: 45, Zou Wenhuai came to Ding Pei’s house. He tried to wake Bruce Lee, but Li didn’t respond. Nervous Ding Pei immediately called her personal doctor. At about 10 o’clock, the doctor rushed to Ding Pei’s house and found that Bruce Lee was in a coma, and there was no heartbeat, pulse and breathing. Although the pupils were not fully opened, there was no "vital sign". The last few people rushed Bruce Lee to the hospital, but Bruce Lee was confirmed dead.

  Why do friends and brothers lie?

  Zou Wenhuai was the first to reveal the news of Bruce Lee’s death to the outside world, and then in a statement to the press, he claimed that Bruce Lee died in his own home, and his wife, Linda, was also beside Bruce Lee.

  In addition, Bruce Lee’s brother Li Zhongchen also said that his brother had an accident in a private apartment, which aroused media suspicion. Later, in an in-depth interview, the reporter dug up the ambulance’s "trip record" and confirmed that Bruce Lee in the "emergency" was not transported to the hospital from his own home, but from the gossip girlfriend Ding Pei’s home, thus causing an uproar.

  Public opinion has been directed at Zou Wenhuai, but some media "feel wronged" for him, saying that Zou Wenhuai lied in good faith, because Bruce Lee and Ding Pei had already had scandals, and if Bruce Lee’s death was related to Ding Pei, his image might be completely ruined.

  The actress strongly denied that she had anything to do with herself.

  Because he had an affair with Ding Pei, Bruce Lee died in his bedroom in Ding Pei. At that time, many people suspected that his death was related to the woman’s feelings.

  Ding Pei also lost his mind in the days that followed, his nerves were almost abnormal, and his manners and remarks were quite rude. At that time, a reporter confirmed to her whether Bruce Lee was sent to the hospital from her home. Ding Pei actually answered irrelevant questions and screamed at the top of her lungs: "Bruce Lee and I are innocent, and I believe that it will come out soon!"

  In order to clarify the relationship, Ding Pei later argued, "The report about Bruce Lee’s coma in my house is completely incorrect! When he died, I was not at home. I went out with my mother. The last time I saw Bruce Lee, it was a few months ago, and I happened to meet it on the road. ".

  This statement is obviously contrary to the statement that he died in Ding Pei’s bedroom, which has long been proved. Therefore, people are more suspicious of Ding Pei’s ulterior motives.

  Court: Bruce Lee died unexpectedly.

  The cause of Bruce Lee’s death was hotly debated at that time. In view of social pressure, the court heard the case two months later. After a series of investigations and evidence collection, on the morning of September 24th, 1973, the court finally ruled that Bruce Lee "died unexpectedly".

  The court held that Bruce Lee died of severe brain edema. It was caused by the severe allergic reaction caused by the combination of the painkillers containing Miritong and aspirin, which led to Bruce Lee’s death.

  Died of sudden epilepsy?

  However, this is not recognized by everyone. Phil Jenkins, an expert in Cook County Death Research Office in Chicago, pointed out that the autopsy report pointed out that Bruce Lee’s neck was not swollen, indicating that he did not die of drug allergic reaction, so he believed that Bruce Lee died of sudden death due to epilepsy.

  Phil Jenkins pointed out that sudden epileptic death can lead to epileptic symptoms, leading to cardiac or pulmonary failure. This disease mainly occurs in men aged 20 to 40. Lack of sleep and stress will increase the chances of illness, and Bruce Lee’s case meets the relevant conditions. At the time of the incident, Bruce Lee was in the prime of life and was under great physical and mental pressure.

  Bruce Lee’s autopsy report after death indicated that the cause of death was cerebral edema, and it was suspected that he was allergic to the painkillers he took. However, Phil Jenkins also said that drug allergy often leads to neck swelling rather than brain swelling, so he didn’t believe that Bruce Lee died of drug allergy.

  Friend: Died of conflict between food and drugs.

  Compared with the expert’s statement, the Legal Evening News on January 10th, 2008 quoted Du Huidong, a senior behind-the-scenes person of Hong Kong films and a good friend of Bruce Lee. He broke the news that Bruce Lee died of the conflict between the raw beef and banana juice he drank every day and the medicine he took.

  Du Huidong has been a journalist in Hongkong since 1971, and he is quite familiar with Bruce Lee. In a newspaper column, Du Huidong said that Bruce Lee, who received American-style education, had long learned the American habit of strengthening muscles with drugs. He ate nearly 100 vitamins, muscle enhancers and quick-acting nutrients every day. Taking too many drugs, the internal organization may be confused, and he must drink a large glass of raw beef and banana juice every day, which is likely to conflict with the drugs.

  Du Huidong also revealed that Bruce Lee loved to use the muscle fiber vibration machine invented by the Japanese six months before his death. He recalled that Bruce Lee said at that time that pulling the spring to lift the dumbbell would reach the limit after 300 to 500 strokes. However, after using the muscle vibration machine, shaking the muscles for 3 minutes by electricity would get twice the result with half a day.

  According to the media, the method of electric exercise is actually messing up the physiological clock, which makes people tireless, but it will have problems after a long time. One year after Bruce Lee’s death, an Indonesian overseas Chinese named "Xieyuan" also used the same muscle fiber vibration machine as Bruce Lee to exercise, resulting in sudden death from head congestion. Soon after, this kind of electric fitness equipment disappeared from the market.

  Jackie Chan: Bruce Lee was preoccupied before he died.

  Regarding the death of a good friend, Chengdu Evening News once reported that Jackie Chan, a good friend of Bruce Lee, was interviewed in 2008.

  The article points out that although Bruce Lee did have unhealthy physical training such as muscle electric shock before his death, he was also found to contain cannabis residues in his body after his death, but none of these can be proved to have directly led to Bruce Lee’s death, which is totally different from Jackie Chan’s view.

  Jackie Chan revealed that Bruce Lee was in a state of "preoccupation" for some time before his accident, but when it comes to the legend of Bruce Lee’s death, Jackie Chan denied it, saying that he only knew that he died at his home in Ding Pei and didn’t know other details.

Expert: The starting point of the annual market for actively allocating A-share related assets has arrived.

At present, the market has reached a critical moment, and CITIC Securities recently announced that A shares are standing at the starting point of the annual market. On September 26th, at the beginning of this round of market, CITIC Securities issued a document late at night with only one word "dry", which sent a strong signal to the market. At the strategy meeting, CITIC Securities once again emphasized the key words of "annual level" and "marathon market", showing its confidence that A shares will usher in a big market.

Expert: Actively allocate A-share related assets.

CITIC Securities predicts that A-shares will experience an annual upward trend by 2025. At present, the market is at the starting line of this marathon, and the market style will gradually shift from individual investors to institutional investors. Excellent growth, domestic consumption, mergers and acquisitions will become three important tracks. A new round of credit cycle is expected to come, and macro prices will rebound. These factors are conducive to the upward profit of listed companies.

Expert: The starting point of the annual market for actively allocating A-share related assets has arrived.

Recently, the market turnover has reached 2 trillion yuan per day, which is obviously active compared with a few months ago, and the fundamentals have also shown a good signal. After the collective surge on October 8, the market entered a shock stage, which was a big test for investor confidence. CITIC Securities has clearly seen more this time, showing some courage. The next key is the follow-up of subsequent incremental funds.

According to data released by the central bank, household deposits increased by 11.28 trillion yuan in the first 10 months of this year, but monthly household deposits dropped by 570 billion yuan in October. The market speculated that this fund mainly flowed to stocks and funds. There are two main reasons behind this: first, the deposit interest rate continues to decline, and second, the capital market attracts gold.

For the funding in 2025, CITIC Securities believes that incremental funds are on the way. The new instrument swap facility (SFISF) and stock repurchase and refinancing are expected to bring about 400 billion yuan of incremental funds to A shares in 2025. In addition, the overall A-share position of insurance capital is low, the current position of private placement is below the historical median level, and the allocation of foreign capital to China’s assets is still low. Public Offering of Fund may face redemption pressure in the short term, but it will be more active to enter the market after the house price and financing signals are clear. ETF will become an important tool for individual investors and institutional investors to enter the market by relay, and the A-share market will maintain a relatively stable net inflow of funds in 2025.

ETF has become an important tool for asset allocation. In the past two years, passive products have gradually replaced active products. According to the fund’s third quarterly report in 2024, the market value of A shares held by passive index funds exceeded that of active equity funds for the first time. ETF is not only the choice to support the market, but also an important tool for active funds to participate in the market. At present, the scale of ETF in A-share industry accounts for 25%, which has become an important tool to capture industry beta. At the same time, new broad-based ETFs, such as CSI A500, have a more even distribution of industry weights, which has attracted high attention.

Looking back at history, the excess return of active funds basically coincides with the improvement of macroeconomic fundamentals. In the future, with the fundamentals warming and the new round of industrial trends clear, active products are expected to outperform the market again.