On June 17, the Ministry of Commerce held a regular press conference. Spokesperson Shen Danyang reported the business operation in China from January to May this year and answered questions from reporters. The following is a written record:

Good morning, journalists and friends. Welcome to today’s regular press conference. I’d better tell you about the business operation in China from January to May this year, and then answer your concerns.　

[Shen Danyang]:I. About the operation of the domestic market

In May, the domestic consumer market continued the steady development momentum since this year, and the growth rate was accelerated. According to the statistics of the National Bureau of Statistics, from January to May, the total retail sales of social consumer goods reached 10,303.2 billion yuan, a year-on-year increase of 12.1%. In May, the total retail sales of social consumer goods increased by 12.5% year-on-year, 0.6 percentage points faster than last month, and the real increase was 10.7% after deducting the price factor. The main features of the domestic consumer market in May were as follows:

First, the new format has developed rapidly. The new format represented by online retailing has maintained rapid development. According to the statistics of the National Bureau of Statistics, the online retail sales of units above designated size increased by 53.2% from January to May. Among the 5,000 key retail enterprises monitored by the Ministry of Commerce, online shopping increased by 32.5% in May, which was 27.1%, 25.9% and 24.5% higher than that of department stores, supermarkets and specialty store.

Second, the consumer demand for information products has increased. Among the 5,000 key retail enterprises monitored by the Ministry of Commerce, the sales of communication equipment increased by 10.6%, 5.6 percentage points faster than the same period of last year, among which the sales of 3G mobile phones increased by 22.4%. From January to May, the sales of tablet computers increased by 53.6% year-on-year.

Third, popular catering consumption continued to rise. With the change of market demand, the pace of structural adjustment of catering industry has been accelerated, and affordable, convenient and fast popular catering has been further recognized and welcomed by the market. According to the statistics of the National Bureau of Statistics, the income of catering enterprises increased by 11% in May, 1.8 percentage points faster than the same period of last year, among which the income of catering enterprises above designated size increased by 6.2%, 8 percentage points higher than the same period of last year.

Fourth, green consumption has steadily increased. With the continuous adjustment of consumption structure, residents’ green and low-carbon consumption concept has been enhanced, and the sales of energy-saving and environmental protection products have been accelerated. Among the 5,000 key retail enterprises monitored by the Ministry of Commerce, with the warming weather, the sales of air conditioners accelerated, and the sales in May increased by 14.9%, among which the sales of inverter air conditioners with energy-saving and environmental protection functions increased by 29.8%. According to the statistics of the Association of Automobile Manufacturers, the sales of new energy vehicles increased by 120% in the first quarter.

Fifth, the sales of large and medium-sized circulation enterprises rebounded steadily. According to the statistics of the National Bureau of Statistics, the retail sales of consumer goods above designated size increased by 9.9%, up 0.5 percentage points from last month. The sales of 5,000 key retail enterprises monitored by the Ministry of Commerce increased by 7% year-on-year, 0.1 percentage point faster than last month, and rebounded slightly for three consecutive months.

Sixth, consumer prices are basically stable. From January to May, the national consumer price level rose by 2.3%, of which, it rose by 2.5% year-on-year in May, an increase of 0.7 percentage points over the previous month. According to the monitoring of the Ministry of Commerce, the prices of edible agricultural products in 36 large and medium-sized cities nationwide rose by 2.2% year-on-year in May, up by 1.7 percentage points from the previous month. Among them, milk, beef, mutton and eggs increased by 9.6%, 7.3%, 5.5% and 5.1% respectively. The wholesale price of pork increased by 10.8% compared with March, but it still decreased by 3.3% year-on-year.

    Second, about foreign trade.

According to customs statistics, from January to May 2014, the total import and export value of China was 10.3 trillion yuan, down 2.2% year-on-year. Among them, exports were 5.4 trillion yuan, down 2.7%; Imports were 4.9 trillion yuan, down 1.6%; The trade surplus was 436.6 billion yuan, narrowing by 13.6%. In dollar terms, from January to May, China’s total import and export value was 1,679.1 billion US dollars, up by 0.2%. Among them, exports were 875.2 billion US dollars, down by 0.4%; Imports reached US$ 803.9 billion, up by 0.8%; The trade surplus was $71.3 billion, narrowing by 12.2%. The import and export of foreign trade in May mainly showed the following characteristics:

First, exports continued to improve, and imports turned from rising to falling. In dollar terms, China’s total import and export value in May was US$ 355.02 billion, up 3% year-on-year and 2.2 percentage points higher than that in April. Among them, exports reached US$ 195.47 billion, up 7%, up 6.1 percentage points from April; Imports reached US$ 159.55 billion, down 1.6%, down 2.4 percentage points from April; The trade surplus was $35.92 billion, an increase of 74.9%.

Second, the export growth rate of electromechanical and high-tech products changed from negative to positive. Benefiting from the global trade and industrial chain driven by the economic recovery in Europe and America, the export of mechanical and electrical products and high-tech products increased by 6.6% and 4.8% respectively in May, 9.0 and 15.7 percentage points higher than that in April, both of which were positive growth for the first time in the past four months. At the same time, the export of seven categories of labor-intensive products increased by 7.9%, which was the same as last month. Among them, clothing exports increased by 9.5%, and furniture exports decreased by 4.4%, up by 5 and 0.7 percentage points compared with April; The export of textiles, shoes and toys increased by 7.7%, 15.7% and 12.4% respectively, which was 1.7%, 5.6% and 11.6% lower than that in April.

Third, the growth rate of import of resource products declined. In May, the import volume of mechanical and electrical products and high-tech products decreased by 36.4% and 37.0% respectively. Imports of soybeans, iron ore and crude oil increased by 20.6%,-6.4% and 11.9% respectively, down by 41.7, 8.6 and 7.8 percentage points from April. From January to May, China’s imports of soybeans, iron ore and crude oil increased by 35.3%, 19% and 11.1% respectively, while the average import price decreased by 5.9%, 12.5% and 3.3% respectively, while the import prices of major commodities increased and fell.

Fourth, general trade exports maintained rapid growth. In May, China’s import and export of general trade was US$ 194.31 billion, and that of processing trade was US$ 112.77 billion. Among them, general trade exports increased by 10.3% and processing trade exports increased by 1.6%; General trade imports decreased by 5.5%, and processing trade imports decreased by 1.2%.

Fifth, the growth rate of exports to the United States, Japan and Europe slowed down, and the growth rate of exports to ASEAN accelerated. In May, China’s exports to the United States, the European Union and Japan increased by 6.3%, 13.4% and 2.2% respectively, which was slightly lower than that in April. Exports to ASEAN increased by 9.1%, 5.4 percentage points higher than that in April. Overall exports to BRICS countries (Brazil, Russia, India and South Africa) increased by 0.5%, slightly down by 1.5 percentage points from April. Exports to Hong Kong decreased by 0.8% year-on-year, which was 30.6 percentage points narrower than that in April.

Sixth, the export of the central and western regions grew rapidly. In May, the export growth rates of Yunnan, Guizhou, Tibet, Shaanxi, Guangxi, Hunan, Anhui and Inner Mongolia were 117.5%, 115.0%, 80.0%, 70.5%, 63.8%, 59.0%, 56.1% and 50.0% respectively.

  Iii. About the situation of absorbing foreign capital

From January to May 2014, 8,744 foreign-invested enterprises were newly established, up 1.6% year-on-year; The actual amount of foreign capital used was 301.09 billion yuan (US$ 48.91 billion), a year-on-year increase of 2.8% (excluding data in banking, securities and insurance, the same below). In the month of May, the actually used foreign capital amounted to US$ 8.6 billion, a year-on-year decrease of 6.7%. The absorption of foreign capital from January to May has the following characteristics:

(1) The actual use of foreign capital in the service industry maintained rapid growth. From January to May 2014, the actual use of foreign capital in the service industry was US$ 27.5 billion, up 19.5% year-on-year, accounting for 56.2% of the national total. Among them, the actual use of foreign capital in distribution service industry and transportation service industry is relatively large, amounting to $3.39 billion and $1.9 billion respectively. The amount of foreign capital actually used in agriculture, forestry, animal husbandry and fishery was US$ 500 million, up 2.7% year-on-year, accounting for 1.2% of the national total. The actual use of foreign capital in manufacturing industry was US$ 17.4 billion, down 16.5% year-on-year, accounting for 35.6% of the national total. Among them, the actual use of foreign capital in electronic equipment manufacturing such as communication equipment and computers, transportation equipment manufacturing, chemical raw materials and chemical products manufacturing is relatively large, amounting to $2.88 billion, $1.67 billion and $1.36 billion respectively, up by 0.6%, down by 23.9% and down by 39.7% respectively.

(2) The investment of major countries/regions in China has maintained a steady growth trend. From January to May, 2014, the top ten countries/regions (Hongkong, Taiwan Province, Singapore, South Korea, Japan, the United States, Germany, Britain, France and Bermuda) invested a total of 46.08 billion US dollars, accounting for 94.2% of the actual foreign investment in China. It increased by 5% year-on-year, which was 2.2 percentage points higher than the national increase. Among them, South Korea and the United Kingdom increased by 87.9% and 62.2% respectively. Japan decreased by 42.2% and the United States decreased by 9.3%. In addition, from January to May, the actual investment of 28 EU countries in China was US$ 2.58 billion, down 22.1% year-on-year; The actual investment of ASEAN in China was US$ 2.54 billion, a year-on-year decrease of 22.3%.

(3) The actual use of foreign capital in the central region grew rapidly. From January to May 2014, the actual amount of foreign capital used in the eastern region was US$ 40.6 billion, a year-on-year increase of 2.2%; The actual use of foreign capital in the central region was US$ 4.9 billion, up 16.7% year-on-year; The actual use of foreign capital in the western region was $3.5 billion, a year-on-year decrease of 7.3%. From January to May, the eastern, central and western regions accounted for 82.9%, 10% and 7.1% of the total foreign investment absorbed in China. Compared with the same period last year, the overall share of the central and western regions in the national total increased slightly.

   Iv. information on foreign investment and economic cooperation

Foreign direct investment. From January to May this year, domestic investors in China made direct investments in 2,766 overseas enterprises in 146 countries and regions around the world, and accumulated non-financial foreign direct investment (the same below) reached 30.81 billion US dollars (equivalent to 189.02 billion yuan), down 10.2% year-on-year. By the end of May, China’s accumulated non-financial foreign direct investment was 556.5 billion US dollars (equivalent to 3,414.2 billion yuan). In May, foreign direct investment increased by US$ 5.12 billion, up by 6.9% year-on-year.

From January to May, China’s mainland investment in seven major economies, including Hong Kong, China, ASEAN, European Union, Australia, the United States, Russia and Japan, reached US$ 21.16 billion, accounting for 68.7% of China’s total foreign direct investment in the same period, and the proportion decreased by 9.6 percentage points. Among them, the investment in Hong Kong, China, EU and Australia decreased by 32.6%, 9.2% and 3.2% respectively; Investment in the United States was $2.03 billion, an increase of 144%; Investment in ASEAN was US$ 1.9 billion, a year-on-year increase of 4.2%; Due to the small base in the same period last year, the investment in Russia and Japan increased by 105.7% and 141.9%.

Foreign contracted projects. From January to May this year, the turnover of China’s foreign contracted engineering business was 46.9 billion US dollars (equivalent to 287.74 billion yuan), up 7.3% year-on-year, and the newly signed contract amount was 53.36 billion US dollars (equivalent to 327.37 billion yuan), down 5.6% year-on-year. There were 223 projects with newly signed contracts worth more than 50 million US dollars (13 fewer than 236 in the same period of last year), totaling 41.3 billion US dollars, accounting for 77.4% of the total newly signed contracts. Among them, there are 126 projects with hundreds of millions of dollars, a decrease of 7 compared with the same period of last year.

In May, the turnover was US$ 10.51 billion, up by 12.4% year-on-year, and the new contract value was US$ 9.58 billion, up by 1.9% year-on-year.

By the end of May, the total contracted value of foreign contracted engineering business was US$ 1.2 trillion, with a turnover of US$ 839.7 billion.

Foreign labor service cooperation. From January to May this year, China sent 200,000 laborers of various types in foreign labor cooperation, an increase of 15,000 compared with the same period of last year, including 94,000 laborers under contracting projects and 106,000 laborers under labor cooperation. At the end of May, there were 917,000 foreign laborers, an increase of 58,000 over the same period last year.

In May, 45,000 laborers of various types were dispatched, an increase of 4,000 over the same period last year.

By the end of May, 7.12 million people of various types had been sent to foreign labor cooperation business.

    V. Service outsourcing

According to the statistics of the Service Trade Department of the Ministry of Commerce, from January to May 2014, China signed a total of 65,248 service outsourcing contracts with a contract value of 40 billion US dollars, a year-on-year increase of 43.5%; The execution amount was US$ 27.27 billion, a year-on-year increase of 37.1%. Among them, the amount of international service outsourcing contracts was $27.06 billion, a year-on-year increase of 37.1%; The execution amount was US$ 18.54 billion, a year-on-year increase of 33.7%.　

The United States, the European Union, Hong Kong, China and Japan are the main contracting markets for purchasing international services. From January to May, 2014, China’s offshore service outsourcing from the United States, the European Union, Hong Kong, China and Japan amounted to US$ 4.32 billion, US$ 2.72 billion, US$ 2.72 billion and US$ 1.90 billion respectively, accounting for 23.3%, 14.7%, 14.7% and 10.2% of the total implementation.

The role of industrial agglomeration in demonstration cities is outstanding. From January to May, 2014, 21 service outsourcing demonstration cities signed offshore service outsourcing contracts worth 24.87 billion US dollars, up 38.9% year-on-year; The execution amount was US$ 16.82 billion, a year-on-year increase of 36%. The offshore contract amount and execution amount account for 91.9% and 90.7% of the whole country, respectively, and the industrial agglomeration and guidance of demonstration cities are outstanding.

The scale of service outsourcing employment has steadily expanded. From January to May 2014, there were 258,000 new employees in China’s service outsourcing. By the end of May, 2014, there were 25,969 service outsourcing enterprises in China, with 5.619 million employees, including 3.746 million with college education or above, accounting for 66.7% of the total employees.

Information technology outsourcing (ITO) is dominant. From January to May 2014, the proportion of offshore information technology outsourcing (ITO), knowledge process outsourcing (KPO) and business process outsourcing (BPO) in China was 53.3%, 32.5% and 14.2% respectively, and information technology outsourcing (ITO) still dominated. Knowledge process outsourcing business such as pharmaceutical and biotechnology R&D and testing, product technology R&D and industrial design has grown rapidly.

    VI. The Development Report of Renewable Resources Industry in China (2013) was released.

Recently, entrusted by the Ministry of Commerce, China Materials Recycling Association compiled and published the Report on the Development of Renewable Resources Industry in China (2013). Focusing on the key varieties of renewable resources, the Development Report shows the overall situation and latest trends of the development of renewable resources industry through domestic and international and regional comparisons, and forecasts and prospects the development trend of recycling industry in 2014.

According to the Development Report, in recent years, the recycling industry of renewable resources has developed steadily under the impetus of the relevant policies of the state to develop circular economy. In 2013, there were more than 100,000 renewable resource recycling enterprises in China, with about 18 million employees. The total amount of major renewable resources recovered in eight categories, including waste steel, waste nonferrous metals, waste plastics, waste tires, waste paper, waste electrical and electronic products, waste automobiles and waste ships, was about 160 million tons, with a total recovery value of 481.71 billion yuan. However, affected by the macroeconomic situation and other factors, the recycling industry is generally in a period of adjustment, market confidence has not fully recovered, and the recycling volume of individual varieties has declined slightly. For example, the volume of plastic recycling was about 13.66 million tons, down 14.6% year-on-year; The recycling of waste paper was about 43.77 million tons, down 2% year-on-year.

The "Development Report" also shows that recycling renewable resources has a significant effect on energy saving and emission reduction compared with using primary materials. According to the total amount of recovery, recycling renewable resources in 2013 can save energy by 172.725 million tons of standard coal, accounting for 4.6% of the national total energy consumption of 3.75 billion tons of standard coal, reducing wastewater discharge by 11,201.367 million tons, sulfur dioxide discharge by 3.77 million tons and solid waste discharge by 3,575.509 million tons.

The Development Report also predicted the development trend of the recycling industry in 2014. On the whole, with the favorable policy opportunity of China’s new rural construction and urbanization development, the long-term trend of renewable resources recycling industry is improving, and it is expected to get out of the current adjustment period. Among them, the development of park agglomeration will become the development direction of the industry, and low-value varieties such as waste glass will be paid more and more attention.

[Shen Danyang]: The above is the main business operation from January to May, and you are welcome to ask questions.

[CCTV News Center reporter]: In May, the import and export decreased from the previous month to the growth, especially the export increased from 4.8% in April to 5.4%. Does this indicate that the foreign trade situation has begun to improve? In addition, what is the main reason for the decline in imports in May? How does the Ministry of Commerce view the foreign trade import and export situation in the next few months? Thank you.

[Shen Danyang]: In May this year, in terms of US dollars, the national import and export increased by 3%, of which exports increased by 7%, and the growth rate was 6.1 percentage points higher than that of the previous month. The rebound in export growth in May benefited from the introduction of the central government’s policies and measures to stabilize foreign trade, boosted the confidence of export enterprises, benefited from the steady recovery of international market demand, and was also related to the weakening of the influence of abnormal trade factors at the beginning of last year.

From the trend point of view, export growth has indeed shown a gradual improvement momentum. In fact, this can be seen from the data in April and May. Although the economies of the United States, Japan and Europe fluctuated in May, they remained basically stable. JPMorgan Chase’s global comprehensive PMI index and new order index both reached 54.3, hitting new highs in the year and higher than the same period last year, indicating that the global recovery has accelerated. Emerging economies have gradually digested the negative impact of the withdrawal of quantitative easing monetary policy in the United States, and their economies have also improved. The HSBC PMI Emerging Markets Index has rebounded for three consecutive months, reaching 50.6 in May. In the first five months, China’s exports to the United States, Japan and Europe increased by 6.3%, and exports to ASEAN increased by 6.6%. From the perspective of trade mode, although processing trade is still relatively weak, the growth rate of general trade exports has exceeded 8% for three consecutive months, and the export scale of bulk commodities such as clothing, shoes, digital TV, smart phones and automobiles has been expanding. The above has analyzed the export situation for everyone, and it should be said that the export has gradually improved.

Speaking of imports, in terms of US dollars, the national imports fell by 1.6% in May, which was a negative growth for three consecutive months, with general trade falling by 5.5% and processing trade falling by 1.1%. What is the reason for the decline in imports? There are three main reasons for our analysis: First, domestic demand is still relatively weak. Second, the international market prices of energy and resource products such as iron ore, nonferrous metals, refined oil and semi-refined oil have fallen. In fact, the number of some imported commodities has increased. It is not necessarily a bad thing that the import value decreases due to the decline of commodity prices in the international market. Third, the role of other factors, such as exchange rate fluctuations and so on.

Speaking of the foreign trade situation throughout the year, you may be more concerned about what will happen in the next few months. We believe that in the next few months, there will still be more favorable factors than unfavorable ones, and foreign trade is expected to continue the momentum of stabilization and recovery. Of course, the current situation is still complicated and grim, and the task is still arduous to achieve the expected development goals. The main favorable factors are the rebound of foreign market demand, the introduction of support policies by the state, and the confidence of export enterprises is boosting. It is very important to boost the confidence of export enterprises. The survey of more than 1,900 key foreign trade enterprises in China by the Ministry of Commerce shows that the export confidence index has reached 108.9 in May, and it is not bad to exceed 100. The confidence index we surveyed has reached 108.9, which has been above the critical line for three consecutive months, indicating that exports will continue to improve in the second half of the year. The forecasts of China Academy of Social Sciences and China Lixin Risk Management Research Institute also show that the growth rate of foreign trade is expected to pick up further in the second half of the year.

Of course, there are also unfavorable factors. The main unfavorable factors are that the foundation for the stabilization of external demand is not strong, and the advantages of China’s traditional exports are weakening. On the import side, due to weak domestic demand, import confidence is relatively weak.

Faced with this trend, in the next few months, or the whole second half of the year, the top priority of foreign trade work is to conscientiously implement the Opinions of the General Office of the State Council on Supporting the Stable Growth of Foreign Trade, and implement the Opinions to ensure that every decision and deployment of the central government can benefit enterprises and achieve practical results. At the same time, we will actively guide enterprises to continuously improve their independent innovation capability and core competitiveness, and strive to achieve the expected goals.

[First Financial TV reporter]: I have two questions. First, on May 29th, the European Union Chamber of Commerce in China issued a report, which showed that 552 EU enterprises in China lacked confidence in China. They said that China’s investment environment was not as advantageous as before due to the economic slowdown, increasing competitive pressure and rising labor costs. What is the view of the Ministry of Commerce? Secondly, Premier Li Keqiang’s visit to Europe has attracted everyone’s attention. It is reported that the Sino-British talks will sign a large bill of 10 billion US dollars, including China’s possible investment in high-speed rail projects in Britain. Please tell us about it. thank you

Shen Danyang: First question, we have noticed the relevant report issued by the European Union Chamber of Commerce in China, and will pay attention to and seriously study the problems and suggestions reflected in it. Including some problems encountered by EU enterprises in investing in China, are also problems that the China government is trying to solve. Most of these problems are not new. At the same time, these problems are common to most developing countries, and many of them are actually getting better rather than the opposite. Therefore, some media have come to the conclusion that China’s market is losing its appeal, which I think is untenable.

China’s domestic political stability, expanding market scale, increasing opening of industrial sectors and continuous improvement of business environment still have outstanding comprehensive advantages in attracting foreign investment. There are a lot of data to support this judgment. We have talked about these data in many press conferences, so I won’t repeat them. However, there is indeed room for further improvement in our business environment, so the China Municipal Government has been making continuous efforts from top to bottom. For example, on May 28 this year, the Ministry of Commerce issued an announcement and decided to carry out a three-month pilot project to standardize and optimize the approval of foreign investment. Except for the special industry of direct selling, the establishment and change of foreign-invested enterprises approved by the Ministry of Commerce according to law are all included in the pilot scope. The main contents of the pilot include shortening the time limit for examination and approval, simplifying the application procedures and simplifying the application documents. Through this pilot work, the Ministry of Commerce will explore useful measures to further shorten the examination and approval time, improve the examination and approval efficiency and standardize the examination and approval behavior, and provide experience for further deepening the reform of administrative examination and approval. In the next step, we will continue to coordinate and push relevant parties to intensify reforms, expand market access, improve the investment environment, and continue to enhance China’s attractiveness to foreign investment.

As for Premier Li Keqiang’s visit to Britain and Greece, this visit will certainly produce good economic and trade results, but at the beginning of the visit, everyone should wait patiently, and I believe there will be good news to tell you later. Thank you.

[AFP reporter]: ASEAN countries are generally very important sources of foreign direct investment in China from January to May, but it dropped by 22.3% year-on-year. Is there any special reason? Because we know that there have been some tense relations with some ASEAN member countries, such as Vietnam, has this affected ASEAN’s investment in China? In addition, has the Ministry of Commerce studied whether this decline is temporary, monthly or will become a trend?

Shen Danyang: Judging from the current situation, China’s foreign investment is good, and ASEAN countries’ investment in China is good. Some data changes are mainly affected by the change of project base. For example, there were some relatively large projects last year, but these projects are gone this year, so there is such a data change in comparison. However, this is not a trend situation. Generally speaking, the economic and trade cooperation between China and ASEAN has not been affected by some current peripheral factors. We believe that the economic and trade cooperation between China and ASEAN, whether in trade or investment, will still maintain the momentum of rapid development.

[national business daily reporter]: You just said that the top task of the Ministry of Commerce at present is to decompose and implement the new National Document No.19. Can you tell us what stage it has reached? In addition, recently, we are more concerned about whether Ali’s acquisition of Hang Seng Electronics is handled as a simple case. Can you tell us about the current anti-monopoly review work carried out by the Ministry of Commerce?

[Shen Danyang]: Document No.19 is a very important document, which will play an important role in the next step of foreign trade export, import, transformation and upgrading, and stable development. Therefore, the Ministry of Commerce attaches great importance to the implementation of this opinion and has made it the top priority of our foreign trade work at present.

We made a comprehensive deployment of the national business system at the first time, and soon sent nine working groups to 13 key provinces, autonomous regions and municipalities across the country to carry out work, mainly to carry out research and publicize policies. At the same time, we organized various import and export chambers of commerce, relevant research institutions and the media to conduct research in textile, light industry, Minmetals, edible soil, electromechanical and other industries, and conducted a questionnaire survey of foreign trade enterprises to deeply understand their demands and listen to their opinions and suggestions. At present, a very important task is to push the relevant departments to introduce various supporting measures as soon as possible in accordance with the requirements of the documents. For example, in terms of trade facilitation measures, how to further decentralize administrative examination and approval items, reduce the types of automatic import licensing shopping, cancel or reduce the import and export fees of directly affiliated institutions, effectively reduce the burden on enterprises, and improve the level of trade facilitation are all our key tasks, which are led by the Ministry of Commerce. At the same time, we are also supervising or coordinating the work of other departments.

Zhejiang Rongxin Network Technology Co., Ltd. intends to acquire all the shares of Hang Seng Electronics Group Co., Ltd., and the operators are concentrated. We have filed a case on June 4 and are currently in the review stage.

[Phoenix Satellite TV reporter]: The first question is coming on June 21st, the first anniversary of the signing of the cross-strait service agreement. We have also seen the controversy caused by this agreement. Some news said that the two sides of the strait have suspended the negotiations on relevant mechanisms, including trade in goods, including dispute settlement mechanism and aviation laws. We have seen some departments come out to make rumors. I would like to ask if the relevant negotiations are still going on and how is the progress? Will it affect our attitude towards cross-strait negotiations because of the signing process of Taiwan Province’s service trade? In addition, if Taiwan Province conducts a step-by-step review of cross-strait service agreements, have we decided whether we can return or what to do next? Second, in the first five months, the investment in Japan and the United States has basically increased by more than 144%, but it seems that the investment in China from these two countries has decreased, especially in Japan, by more than 40%. What do you think of this phenomenon? Thank you.　

[Shen Danyang]: Regarding the negotiation of goods trade agreements and dispute settlement agreements, cross-strait business authorities and industries have actually maintained communication and exchange of views. Our attitude towards continuously promoting the institutionalization of cross-strait economic cooperation and promoting the follow-up consultation of ECFA has not changed. We also hope to continue to strengthen cross-strait economic cooperation for the benefit of compatriots on both sides of the strait, and we do not want this process to be affected. What needs to be reiterated here is that the cross-strait service trade agreement is a signed agreement, which is authorized by the two associations. The authority of the two associations’ authorized consultations and agreements should be maintained.

Everyone is very concerned about the changes in investment in Japan and the United States, and the question raised by a reporter just now is somewhat similar. What I can answer now is that these changes in investment are mainly affected by the changes in the amount of some projects, because the relatively fast growth this year is often due to the relatively small base last year, so last year, there was a big increase not only for the United States and Japan, but also for Russia. Last year, the amount of a merger and acquisition project in the Canadian oil field reached more than 10 billion US dollars, and this year there was no such a large amount. In addition, last year, a lot of investment in Canada was transferred through Hong Kong, which affected the growth of investment in Hong Kong. Of course, we need to analyze whether there are other factors, and we are doing analysis now. Just now, the reporter asked, is this a trend change, or is it really caused by a project? This needs to be followed up for several months before a conclusion can be drawn.

[Reporter china securities journal]: How does the Ministry of Commerce view the current consumer market situation, and what are its expectations for the annual consumer market? Thank you.

[Shen Danyang]: The total retail sales of social consumer goods increased by 12.5% in May, 0.6 percentage points faster than that in April, which is the highest growth rate since this year. Although the cumulative growth in the first five months was 12.1%, it still slowed down slightly by 0.5 percentage points compared with the same period of the previous year. Overall, this year’s consumer market is basically stable and getting better and better.

Regarding the situation of consumption throughout the year, we believe that as the macro economy continues to stabilize and improve, the consumer market is expected to further stabilize and rebound, and then the consumer market will continue to maintain a steady growth and sustained development trend. Why can you make such a judgment? Mainly based on four reasons:

First, from the trend, the cumulative growth rate of total retail sales of social consumer goods accelerated month by month in the first five months of this year, increasing by 11.8% in January-February, 12% in January-March and January-April, and 12.1% in January-May.

Second, from the perspective of power, the driving force for stimulating consumption growth is still behind. Deepening reform and further simplifying administration and decentralization will fully release and stimulate market vitality. The growth of residents’ employment is stable, with 6 million new jobs in January-May, which will stabilize consumer confidence and spending power, and the endogenous driving force of consumption growth will continue to increase.

Third, from the policy point of view, while expanding information consumption and pension consumption, the government pays attention to directional regulation and has successively introduced a series of policy measures, such as accelerating the transformation of shanty towns, supporting the financing of small and medium-sized enterprises, increasing railway construction in the central and western regions, and supporting the steady growth of foreign trade. These policy measures have provided important support for consumption growth.

Fourth, from the perspective of consumption structure, new consumption hotspots such as online shopping and new electronic products have gradually formed, and popular catering is gradually picking up, which also promotes the rapid growth of consumption.

[Xinhua News Agency reporter]: We noticed that the actual use of foreign capital in May decreased year-on-year, but at the same time, the actual use of foreign capital in the service industry has been growing in recent months, and from the situation in the first five months, the growth rate of the actual use of foreign capital in the service industry is even faster than the growth rate of 19.1% in the previous four months, and it continues to grow in the proportion of the whole country. I would like to ask Director Shen, will the rapid growth of the actual use of foreign capital in the service industry be a trend in the future? In addition, from the numerical point of view, the scale of foreign investment in distribution services and transportation services has been relatively large in recent months. What are the reasons? What is the next step for the Ministry of Commerce to further expand and open the service industry?

[Shen Danyang]: I think you are keenly aware of this trend problem. I think this is a trend situation. In fact, it has been more than a few months. In recent years, the proportion of service industry in China’s utilization of foreign capital has been expanding, and the growth rate of service industry’s utilization of foreign capital is obviously much faster than that of manufacturing, agriculture, animal husbandry, forestry and fishery. On the one hand, the market has formed this kind of attraction. Foreign investors come to China for development first, and it is for the attraction of the market. That’s why I said just now that the view that China is losing its appeal is untenable. More and more foreign businessmen have seen the potential market opportunities in the development of China’s service industry.

On the other hand, our country’s industrial restructuring and vigorous development of service industry and service trade have provided more opportunities for enterprises, especially foreign-invested enterprises, to develop in China. For example, many policies and measures, such as further opening up, building a new open economic system, and vigorously developing service trade, are conducive to foreign investors to invest in the development of service industry in China, and the service industry will open wider and more fields. Therefore, this is a trend feature, and I don’t think there should be any major reversal changes. On the other hand, the proportion of manufacturing industry in the whole utilization of foreign capital in China tends to decline, which is also a trend. Of course, we don’t want to drop too much. We hope that some advanced manufacturing industries, which are conducive to structural adjustment, will continue to attract foreign investment.

When it comes to the Ministry of Commerce’s promotion of foreign capital utilization in the service industry, we have been studying how to further expand foreign capital utilization in the service industry. However, foreign capital in the service industry covers a wide range and fields, so we need to conduct research with various industries and relevant departments, open it in an orderly manner, conform to the direction of the overall economic restructuring, and combine it with some steps of our opening up, including some international negotiations we have participated in. Of course, the Ministry of Commerce also manages a very important business, that is, service trade. The development of service trade is also inseparable from the utilization of foreign capital and the further opening up of the service industry. Recently, we are working hard to study and further promote the relevant policies for the development of service industry and service trade, and we are drafting a very important document around building a new open economic system. Thank you for your question.

[China Daily reporter]: I’d like to ask questions about China and Japan. I have noticed that the number of tourists from China to Japan has increased considerably since the beginning of this year, Japanese exports to China have also increased significantly since the Diaoyu Islands crisis, and China’s investment in Japan has also increased substantially. Is it a trend that the economic and trade relations between China and Japan are picking up or rebounding? Thank you.

[Shen Danyang]: At present, Sino-Japanese trade does show some signs of recovery. With the economic stabilization of China and the promotion of consumption caused by Japanese tax increase, the domestic demand markets of the two countries have recovered, and the recent changes in the exchange rates of the two countries tend to be stable, the economic environment for cooperation between the two countries has improved compared with the previous period. However, from the perspective of policy factors, the continuous deterioration of political relations between the two countries will lead to the deterioration of the economic cooperation environment between the two countries, which may lead to the retrogression of economic and trade relations and affect the willingness of enterprises to cooperate. This kind of influence is obvious in investment cooperation, and it may play a driving role in trade through investment and have an impact on trade between the two countries, which will make the economic and trade circles of the two countries lose valuable opportunities for cooperation. In fact, according to the data just mentioned, there are opportunities for cooperation between the two countries in terms of the market. Due to political factors, the impact on economic and trade is not in the interests of both sides, and we do not want to see it. The responsibility is not on China. Thank you for your question.

[International Business Daily reporter]: We noticed that the online retail transaction volume in Chinese mainland in 2013 exceeded 1.85 trillion RMB, ranking first in the world. Excuse me, Director Shen, what has the Ministry of Commerce done to promote and standardize online shopping this year? What problems will be focused on in the next step?

[Shen Danyang]: In 2013, the online retail market reached 1.85 trillion yuan, surpassing the United States, and China has become the largest online retail market in the world. In 2013, the online retail transaction volume of 1.85 trillion yuan was equivalent to 7.8% of the total retail sales of social consumers. In the first five months of this year, online retail sales increased by about 32.5% year-on-year, and continued to maintain the momentum of rapid growth. As a new thing, online retailing is developing rapidly, but at the same time, there are some problems, such as online fraud, selling fake and shoddy goods, and abuse of personal privacy information, which are all phenomena that harm consumers’ interests. All sectors of society are concerned about these problems, which have the characteristics of cross-regional and cross-departmental, and need the cooperation and co-management of all levels and departments to effectively solve them.

Since the beginning of this year, in order to solve these problems, the Ministry of Commerce has focused on three tasks: First, cooperate with the NPC Financial and Economic Committee to draft the Electronic Commerce Law, and strive to make corresponding provisions in this law on how to clarify the responsibility of commodity quality control of e-commerce platforms, the burden of proof and compensation for online commodity quality disputes, the disclosure system of online commodity quality information, and the construction of credit management system under the network environment. Second, the formulation of urgently needed departmental rules and regulations, such as the Measures for the Administration of Trading Rules of Third-Party Platforms in Online Retail and the Measures for the Protection of Online Commercial Data, are being drafted. Third, we should carry out standardization research on the internal control system of e-commerce platform, and refer to the mature systems and effective practices of enterprises in key links such as business audit, information disclosure, customer evaluation and complaint handling, and prepare to raise them to industry standards and promote their implementation.

[CCTV Financial Channel reporter]: Recently, some foreign media said that the battle between Europe and China for solar energy production capacity is escalating. The European Union supported solar energy organizations to submit accusations against dozens of China photovoltaic enterprises to the European Commission, including allegations of large-scale circumvention in China and the lowest selling price agreement in Brussels. Excuse me, how will the Ministry of Commerce respond to this?

[Shen Danyang]: The photovoltaic price commitment between China and Europe is the result of the joint efforts of both governments and industries, and it is also a model for the two sides to successfully resolve trade frictions through consultation. In this regard, the China government and the industry cherish it very much.

It is understood that since the entry into force of the photovoltaic price commitment agreement, the China Chamber of Commerce for Import and Export of Mechanical and Electrical Products and the European Commission have maintained close communication and contact, and regularly informed the investigation authorities of the implementation of the price commitment and submitted relevant materials. The China Chamber of Commerce for Import and Export of Mechanical and Electrical Appliances regularly informs the European side about the situation, and also regularly reports to the Ministry of Commerce of China about the implementation and supervision of price commitments. According to the chamber of commerce, there is no evidence that enterprises have violated the agreement to export.

The European Commission will send someone to China next month to check the price commitment of photovoltaic enterprises in China. The China Chamber of Commerce for Import and Export of Mechanical and Electrical Appliances and related enterprises have indicated that they will actively cooperate. If it is found that some enterprises do violate the agreement, China supports the corresponding treatment according to the agreement. At the same time, China opposes any act of smearing China enterprises with ulterior motives through the media.

The China-EU PV price agreement is hard-won, and China has always held a serious and responsible attitude towards the implementation and supervision of the commitments. China is willing to continue to work with the European side to jointly safeguard the smooth implementation of photovoltaic price commitments and truly achieve mutual benefit and win-win results.

[China News Service reporter]: Ask a question about Sino-US trade friction. On June 3rd, the U.S. Department of Commerce announced the preliminary results of photovoltaic, arguing that crystalline silicon photovoltaic products imported from China were subsidized. On the same day, united steelworkers union submitted an application to relevant U.S. departments, asking for a "double-reverse" investigation on cars and light truck tires exported from China to the United States. Will this move trigger a new round of Sino-US trade friction climax? Thank you.

[Shen Danyang]: Since the beginning of this year, the trade protection measures issued by the US to China are obviously an abuse of trade remedy measures, which is bound to escalate Sino-US PV trade disputes again. China believes that photovoltaic products, as one of the representative products of clean energy, have made important contributions to the sustainable development of mankind. In the past 10 years, thanks to the efficient cooperation under the global division of labor, the price of photovoltaic products has dropped significantly, and photovoltaic power generation is entering thousands of households, benefiting global welfare. What the US has done is not only damaging the interests of China’s photovoltaic enterprises, but also the healthy development of the global photovoltaic industry. In this regard, not only the China industry is strongly dissatisfied and resolutely opposed, but also the upstream and downstream industries of the domestic photovoltaic industry in the United States have raised doubts. Can frequent trade remedy measures solve the problem of the development of American photovoltaic industry itself? The facts are already there, and it is useless for the US to do so. In this case, it is better for the United States not to do or do less things that harm others and do no good to others, and sometimes even lift a rock to drop it on its own feet. In short, we hope that the US will handle the investigation carefully and terminate the investigation procedure as soon as possible. China will pay close attention to the progress of the case and reserve the right to take measures to safeguard the legitimate rights and interests of China enterprises.

With regard to united steelworkers union’s application to start a "double-reverse" investigation on passenger cars and light truck tires in China, we would like to remind the US that it applied for a special safeguard investigation against China in 2009 for the same product, which caused serious negative impact and harm to Sino-US economic and trade relations. We hope that the US can learn from the 2009 tire special safeguard case, not abuse the relief investigation, and create a good atmosphere for trade cooperation in related industries between the two countries.

[Shen Danyang]: Today’s press conference is over. Thank you.

　　李久玉简介

　　Wickerwork arts and crafts artist Mr. Li Jiuyu, the fifth generation inheritor of Li wickerwork; Member of China Association for Promoting Democracy, member of Beijing Folk Writers Association, and volunteer of Beijing Federation of Literary and Art Circles. University degree, now working in Anding Town Central Primary School in Daxing District.

　　Mr. Li Jiuyu grew up in the countryside and had a strong interest in weaving since childhood. Under the leadership of old artists, he gradually mastered the skills of weaving various handicrafts with wicker and corn husks from practical grass baskets and futons in rural areas. In 2018, he won the title of Ambassador of Cultural Communication in Anding Town, and his works were selected for large-scale event exhibitions such as "2018 Launching Ceremony of Culture, Science, Technology and Health Going to the Countryside", "Yongding River Cultural Heritage Literary Works Exhibition in Daxing District", "17th Anding Mulberry Tourism Festival", "2018 Shouyi Context Daxing Historical and Cultural Exhibition" and "Defending the Capital". In June 2018, Daxing District Cultural Center held "Li Jiuyu’s wickerwork Special Exhibition" and was invited to participate in the "Fourth Beijing-Tianjin-Hebei Joint Exhibition" held at the National Agricultural Exhibition Hall. In 2019, Lee’s wickerwork Studio was established. In the spring of the same year, Lee wickerwork was selected as the "Yongding River Cultural Conference in Yongding Daxing in 2019" and the Sixth Batch of Intangible Cultural Heritage List in Daxing District. In 2020, Li wickerwork’s works participated in the 15th Beijing Cultural Fair.

　　2017年以来，央视客户端、强国学习客户端、北京电视台早间新闻《北京日报》《北京青年报》《北京晚报》《光明日报》等多家媒体相继进行了报道，《大兴报》对李氏柳编制作技艺给予了多次专题报道，其柳编作品多次获奖并被博物馆收藏。

　　李氏柳编代表作品：

　　近年来，李氏柳编工作室一方面传承传统柳编技艺、柳编作品，另一方面开拓创新，编制出了一批新作品。为给建党百年献礼，2021年李氏柳编完成《红船精神》《遵义会议会址》《飞夺卢定桥》《延安宝塔山》《解放军攻占南京总统府》《天安门城楼》《人民英雄纪念碑》《天问探测》《党旗》《党徽》等最新系列红色作品，庆祝伟大的中国共产党团结带领全国各族人民走向更加辉煌灿烂的未来！

　　庆祝中国共产党成立一百周年柳编作品1：《柳编一百》

　　作者，李久玉，作品长150厘米，高100厘米

　　庆祝中国共产党成立一百周年柳编作品2：《柳编弘扬红船精神》

　　作者，李久玉，作品长220厘米，高120厘米

　　庆祝中国共产党成立一百周年柳编作品3：《柳编遵义会议会址》

　　作者，李久玉，作品长150厘米，高100厘米

　　庆祝中国共产党成立一百周年柳编作品4：《柳编飞夺卢定桥》

　　作者，李久玉，作品长150厘米，高100厘米

　　庆祝中国共产党成立一百周年柳编作品5：《柳编弘扬延安精神》

　　作者，李久玉，作品长150厘米，高100厘米

　　庆祝中国共产党成立一百周年柳编作品6：《柳编我爱北京天安门》

　　作者，李久玉，作品长150厘米，高70厘米

　　庆祝中国共产党成立一百周年柳编作品7：《柳编党旗》

　　作者，李久玉，作品长150厘米，高100厘米

　　庆祝中国共产党成立一百周年柳编作品8：《柳编人民英雄纪念碑》

　　作者，李久玉，作品长80厘米，高120厘米

　　庆祝中国共产党成立一百周年柳编作品9：《柳编长征五号火箭》

　　作者，李久玉，作品直径50厘米，高220厘米

　　庆祝中国共产党成立一百周年柳编作品10：《柳编党徽》

　　作者，李久玉，作品长110厘米，高120厘米

　　庆祝中国共产党成立一百周年柳编作品11：《柳编国旗》

　　作者，李久玉，作品长144厘米，高96厘米

　　Xinhua News Agency "China Net" reporter Zhu Guoliang Lu Huadong Zhang Zhanpeng

　　2017 Spring Festival travel rush officially kicked off on 13th. There is such a group of people who are not afraid of hardship, filth and loneliness. In their ordinary posts, they silently contribute their own strength to Spring Festival travel rush.

　　Race against time "Water Dragon King"

　　His name is Wan Dongzhou, and he is 59 years old. He is an ordinary Sheung Shui worker in the Sheung Shui Group of Nanjing Railway Station passenger workshop. Since joining the Sheung Shui Group in 1986, he has worn out a pair of liberation shoes on average in two months, and is affectionately called the "water dragon king" who can run best.

　　"K1557 arrives at the station and is ready to go to the water." At 14: 23, an "order" to add water to the train came from the intercom. Upon hearing the order, Create immediately picked up gloves and greeted the other three workers to "run" to K1557.

　　Although the Sheung Shui team is only 500 meters away from where the train stops, Create and his team still walk very fast. "K1557 only stops for 13 minutes. Except for the time spent on walking, pulling the water pipe, screwing the water tank and opening the gate, there is not much time left for us to add water. We must race against time." Wan Dongzhou said.

　　Starting from the first carriage, Lao Wanyi walked all the way to insert the hose into the water injection port of the train, skillfully opened the gate and flushed the hose, and then turned back to pull out the hose after the water was filled. In less than 10 minutes, Create had filled all the water in four carriages.

　　During his stay in Spring Festival travel rush, Create and his colleagues each had to add water to 50 trains and nearly 200 carriages every day, running back and forth for more than 40 kilometers. At the busiest time, trains came one after another, and Create didn’t even have time to stop for a drink.

　　"On the track during the night shift in winter ‘ Through flow ’ Very big, when adding water, the ear hurts like a knife. " Create said that 40% of the people in their Sheung Shui group had frostbite in their ears. If it is raining and snowing, and the road is frozen, it is also common to "wrestle" at night.

　　This year, Spring Festival travel rush is the last Spring Festival travel rush before Create retires, and he will continue to "run" for thousands of tourists in Qian Qian in this Spring Festival travel rush.

　　A garbage porter who is not afraid of dirty and smelly

　　At 14: 50, "Didi Didi", an electric car horn sounded from a small bungalow opposite the water adding group at Nanjing Station. The driver of the electric car is Li Mingde, the guide of the sanitary class in the equipment workshop of Nanjing Railway Station. He is telling his "old partner" Wu Lailin to collect garbage together with his "horn code".

　　Hearing the horn, Wu Lailin trotted all the way, quickly got on Li Mingde’s electric car and began to collect garbage. After crossing a section of track in front of the yard, the electric car slowly drove onto the No.1 platform where the train stopped, while Wu Lailin kept getting off the bus and put the garbage bags that had just been dropped from the train into the electric car. Sometimes there were many garbage bags, and the driver Li Mingde would come down to help Lao Wu carry the garbage together.

　　Because there are many people on the platform, in the process of collecting garbage, the battery car must drive slowly, and it has to stop when there are people in front, and then it can continue to move after the passengers pass. In this way, two people got off the train 30 times, and it took nearly 40 minutes to clean up the garbage of three trains.

　　After the electric car returned to the garbage transfer station with "full load", Wu Lailin’s work did not end. He also has to unload the garbage bags from the car one by one. In this process, in addition to enduring the pungent stench, the garbage water flowing out of those garbage bags that are not tied tightly or punctured will be "poured" on the body from time to time.

　　During Spring Festival travel rush, the trains passing Nanjing Station left an average of 24 tons of garbage every day. At the peak, cleaning staff like Lao Wu ran back and forth with the battery car for more than 30 times every day, loading and unloading more than 400 garbage bags. "It doesn’t matter if we are dirty and tired, as long as the passengers’ carriages are clean." Lao Wu said.

21st century business herald reporter sha li reports from Beijing. On the afternoon of January 8, the State Council held a press conference to introduce the situation and work arrangement of Spring Festival travel rush in 2025.

The reporter learned from the press conference that the Spring Festival travel rush in 2025 will last for 40 days from January 14th to February 22nd. Transportation and other departments predict that during the period of Spring Festival travel rush, the cross-regional mobility of the whole society will reach 9 billion passengers, and the passenger traffic of railways and civil aviation is expected to exceed 510 million passengers and 90 million passengers respectively, both reaching record highs. Self-driving travel will remain the dominant position, with an estimated 7.2 billion person-times, accounting for about 80% of the cross-regional flow of people in the whole society, and the peak of expressway traffic volume may reach a record high in a single day.

Li Chunlin, deputy director of the National Development and Reform Commission, said at the press conference that this year’s Spring Festival is earlier than in previous years, and there will be a superposition of students, workers, visiting relatives and tourists around the Spring Festival, with a high concentration. Urban agglomerations such as Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong, Hong Kong and Macao and Chengdu-Chongqing are still the main concentration areas of passenger flow. Considering that the transportation in Spring Festival travel rush will be upgraded to full capacity in a short time, there is great pressure on ensuring smooth flow, safety, preventing bad weather and coordinating passenger and cargo transportation.

In this regard, Li Chunlin said that the National Development and Reform Commission, in conjunction with relevant departments, studied and planned as early as possible and comprehensively adopted a number of measures to meet the travel needs of residents, including increasing transportation capacity, guiding travel, ensuring smooth flow and optimizing services.

The railway sent 12.75 million passengers every day.

The starting time of Spring Festival travel rush in 2025 is 12 days earlier than that of Spring Festival travel rush in 2024, and the train tickets for Spring Festival travel rush have been put on sale. On the morning of January 8th, some netizens reported that the 12306 mobile APP could not log in normally, and "12306 crashed" rushed to Weibo for hot search. After emergency disposal by the technical team, the APP has resumed normal operation.

The reporter learned from the press conference that the number of passengers sent by railways in Spring Festival travel rush this year is expected to exceed 510 million, with an average of 12.75 million passengers per day, an increase of 5.5% compared with that in Spring Festival travel rush in 2024.

Zhu Wenzhong, head of China State Railway Group Co.,Ltd. Passenger Transport Department, said at the press conference that the overall passenger flow of Spring Festival travel rush Railway will increase steadily in 2025; The passenger flow will still show obvious one-way characteristics, but the reverse passenger flow will further increase; In some periods and directions of peak passenger flow in Spring Festival travel rush, such as from Guangzhou-Shenzhen area to Changsha, Wuhan and Chengdu-Chongqing before the Spring Festival, there is still a contradiction between traffic volume and transportation capacity.

In this regard, Zhu Wenzhong pointed out that China State Railway Group Co.,Ltd. has made great efforts to increase the capacity in the direction of concentrated passenger flow in Spring Festival travel rush, make overall arrangements for trains in the direction of non-concentrated passenger flow, maintain the scale of ordinary passenger trains, and run public welfare "slow trains" and "rural revitalization" passenger trains. More than 14,000 passenger trains are arranged every day, which can add about 500,000 seats every day, and the passenger capacity increases by about 4% year-on-year.

Zhu Wenzhong further mentioned that before the Spring Festival, in areas with concentrated passenger flow such as Beijing, Shanghai-Nanjing-Hangzhou and Guangzhou-Shenzhen, China State Railway Group Co.,Ltd. arranged to operate 1,724 pairs of long-distance passenger trains every day, an increase of 64 pairs year-on-year; At the peak of passenger flow, 329 pairs of long-distance high-speed trains were arranged at night, an increase of 38 pairs over the same period of last year. After the Spring Festival, 871 pairs of long-distance passenger trains were arranged daily in Chengdu-Chongqing, Wuhan, Nanchang, Hunan and other areas with concentrated passenger flow, an increase of 46 pairs year-on-year; At the peak of passenger flow, 170 pairs of long-distance high-speed trains were arranged at night, an increase of 31 pairs.

Zhu Wenzhong pointed out that according to the travel needs of passengers, China State Railway Group Co.,Ltd. has continuously improved its service measures, such as optimizing the functions of the 12306 system, scientifically formulating ticketing strategies, optimizing the pre-filling function of ticketing information, increasing the ticketing services for students and migrant workers, and ensuring the travel of key groups.

Self-driving travel accounts for about 80%

This year, the cross-regional mobility of people in Spring Festival travel rush is expected to hit a new record high, of which 80% will pass through expressways and ordinary national and provincial highways, making self-driving travel more prominent, which may form a travel peak.

In this regard, Wang Qiang, director of the Traffic Management Bureau of the Ministry of Public Security, said at the press conference that in order to ensure residents’ travel during Spring Festival travel rush, the Ministry of Public Security has started relevant work and made a series of arrangements, especially for passenger and cargo transportation, self-driving travel and other traffic safety issues. Specifically includes the following aspects.

The first is to comprehensively investigate and manage potential safety hazards. The Ministry of Public Security has deployed and launched a nationwide public security system to prevent production safety risks, and jointly with relevant departments, comprehensively investigated the traffic safety hazards of people, vehicles, roads and enterprises, prohibited unqualified vehicles and unqualified drivers from participating in Spring Festival travel rush, and promoted the hidden dangers management of bridges and tunnels, sharp bends and steep slopes, water and cliffs, highway entrances and exits and accident-prone points. At the same time, the Ministry of Public Security has also deployed targeted traffic management measures for the peak hours of road traffic, such as from off-year to New Year’s Eve in 2025, visiting relatives and visiting the garden during the Spring Festival holiday, and returning home after the Spring Festival holiday.

Second, the whole police mobilized to escort Spring Festival travel rush safely. During the period of Spring Festival travel rush, local public security traffic control departments will set up traffic police law enforcement stations at busy traffic points, and put police force and emergency disposal equipment on the road to the maximum extent. The national traffic police auxiliary police will focus on key time periods, key road sections and key vehicles, strictly investigate traffic violations that are easy to cause trouble and disrupt traffic order, and make every effort to ensure safe and smooth road traffic.

The third is to provide maximum security for safe travel services. During the period of Spring Festival travel rush, especially during the peak hours of concentrated travel, the public security traffic police will rely on various media, as well as new means and applications such as dual micro platforms and map navigation, and timely release information such as road information, traffic guidance and safety tips to guide residents to cooperate with the road guidance.

During the period of Spring Festival travel rush, many residents also chose new energy vehicles to travel by car. In this regard, Gao Bo, head of the Transportation Service Department of the Ministry of Transport, said that by the end of November 2024, the national expressway service areas (including parking areas) had built a total of 33,100 charging piles and 49,300 charging parking spaces, and the proportion of expressway service areas with charging facilities had increased from 85% at the end of 2023 to 97%. Except for a few high-altitude service areas, it has basically achieved full coverage.

Detailed guidelines for handling personal foreign exchange account limit inquiry in banks

In today’s global economic environment, personal foreign exchange business is becoming more and more frequent. Understanding the personal foreign exchange account limit is very important for rational planning of fund use. The following is a detailed introduction to the relevant procedures and precautions for handling personal foreign exchange account limit inquiry in the bank.

First of all, you can choose to go to the bank’s business outlets for inquiry. Make sure to bring valid identification documents, such as ID card and passport, before going. After arriving at the bank, you can inquire in the following ways:

1. Consult the counter staff: explain your requirements to the counter staff, and they will provide you with accurate personal foreign exchange account limit information.

2. Use self-service terminals: Some banks have self-service terminals. You can follow the prompts on the screen and enter relevant identity information for inquiry.

In addition, you can also inquire through the bank’s online banking or mobile banking. These two methods are convenient and efficient, and there is no need to go to business outlets.

If you choose online banking, after logging into your account, look for the option of personal foreign exchange account limit inquiry in the relevant foreign exchange business section. Usually, banks will clearly display relevant information on the interface.

For mobile banking, the operation process is similar. Open the mobile banking application, find the relevant entrance of foreign exchange business in the menu, and then make a quota inquiry.

It should be noted that different banks may have different inquiry methods and interfaces, but the general process is similar. In addition, the personal foreign exchange account limit is not fixed, which may be affected by the adjustment of the national foreign exchange management policy and your personal credit status.

The following is a list of personal foreign exchange account limits of some common banks (the data are for reference only, subject to the actual regulations of banks):

In short, you can easily check the personal foreign exchange account limit in the bank through the above methods. Timely understanding and reasonable arrangement of foreign exchange business will help you to better manage funds and international economic activities.

[Disclaimer] This article only represents the author’s own views and has nothing to do with Hexun. Hexun.com is neutral about the statements and opinions in this article, and does not provide any express or implied guarantee for the accuracy, reliability or completeness of the contents. Readers are requested for reference only, and please take full responsibility. Email: news_center@staff.hexun.com.

Special feature of 1905 film network June 20th is the last day of the 24th Shanghai International Film Festival. As in previous years, Wang Jiayan, the film reviewer, will leave the film festival office on the 20th floor of Yihai Building to finish his annual film review and arrangement for half a year.

Wang Jiayan wears a pair of glasses. He is kind, smiling and approachable. Weibo nicknamed him "the four-eyed old king", and everyone knows him among Shanghai fans.

On the day of visiting Lao Wang, the film festival entered the fourth day, which coincided with the Dragon Boat Festival, and most of my colleagues went home for vacation. There is no extra venue this year, and the colleague in charge of the on-site viewing is also responsible for it. He said it would be easier than before, but as long as the film festival is still going on, he will stick to his post and finish it until the closing.

Every year at the beginning of the year, he will come here to review the films first and then arrange them. From participating in the preparation of the first film festival in 1993 to taking over the film arrangement in 1999, Lao Wang served the film festival for nearly 30 years and arranged films for the audience for more than 20 years. Inadvertently in the interview, he murmured, "I am the first person in the world to arrange films."

Working more than 12 hours a day, just for the perfect schedule.

Before the film schedule was released, Lao Wang would come to the office at 6: 30 every morning, and he was the only one in the whole building.

"In a quiet environment, you can calm down and arrange." He said that in previous years, you had to work until 10 o’clock and 11 o’clock every night. Now you have an assistant and get off work a little early at 8 o’clock and 9 o’clock. "You can’t solve the problem of reviewing films without spending these hours."

Lao Wang’s office environment is small, with a desk, a computer, a thermos bottle, a teacup and stacks of printed proofreading tables.

Every year, the film schedule of the film festival was arranged by him and was born here.

This year, he watched a total of 833 films, and finally 405 films from 62 countries and regions were shown. These films will be distributed in 40 cinemas and 45 screens in 10 days, with a total of 1423 screenings.

On the 14th day from the opening of the film festival, Lao Wang said to himself on Weibo, "Come on, my last shot will make the film festival as gorgeous as summer flowers". On the eighth day of the countdown, he confidently wrote, "I am still strong after thousands of blows, and I will let the east, west, north and south wind."

On the evening of June 3rd, at the moment when the screening schedule was finally announced, he excitedly reported the good news to the eagerly awaited fans. "The schedule has been released, and it’s your turn to do your homework. Please forgive me for the poor schedule. I wish you all a happy June day."

Lao Wang is 72 years old this year, and he is full of ambition. Half a month before invoicing, he was able to receive most of the films that were confirmed to be shown, and began to arrange films intensively. The time was tight and the task was heavy. "One draft, two drafts and three drafts must be made, and finally the film arrangement table for the audience is already the third draft."

The job of arranging films seems simple, and the actual operation process needs to face many details, which requires a lot of care and patience.

"The first draft is the most horrible, basically roughly in a row. I know which films are put in the hall, the middle hall and the small hall, but in the end, I will find many problems. For example, movies from the same country may be lined up in this hall and less in that hall. The proportion of feature films, cartoons, documentaries, or Asian films, European films, and American films should also be balanced as much as possible. "

Every time he reviews films, Lao Wang will discuss with his colleagues which films should be placed in which theaters, and also ask the opinions of film research experts. After each film festival officially releases the exhibition list, he will also judge the fans’ preference according to the number of online clicks of the article.

Even after more than 20 years of accumulated experience, he still can’t accurately grasp one point — — Know what the audience wants to see.

"Most people can know, for example, it is hard to find a ticket for 4K repair. This kind of old movie is thought to be placed in a central hall, with about 200 or 300 people. It has been shown to the public, and it may not be seen by many people, and there is no big hall. As a result, it is all sold out. Some movies are arranged in the hall, but few people buy them. "

Every year, the films shown are different, and the audience’s preferences are different, which is always a variable. But Lao Wang will still make a summary every year. "Of course, we must keep learning and do it better. There is no end to this. There will be regrets every time, and there will be mistakes every time. This is normal and a challenge to yourself. "　

All the Excellence is to finally discharge a perfect film arrangement table.

Pursuing more reasonable, scientific and artistic film arrangement

When he first worked as a film arranger at the film festival, Lao Wang faced only a dozen cinemas and more than 100 films. "At that time, the film arranger was very simple and the requirements were not high." With the increasing number of films, cinemas and audiences, the difficulty of film arrangement has gradually increased.

To this end, the film festival specially designed a computer film arranging system to help him operate the film arranging. Until now, this system is still being revised. "Up to now, it has not fully met our requirements. Every time I think of new problems during operation, I will give feedback to the person who designed the system and constantly improve it according to the requirements. "

In the past three years, Lao Wang has trained a young apprentice to help with proofreading. It takes a long time to proofread hundreds of movies. With the help of his apprentice, he shared a lot of work that he had to do alone in the past. "Every movie must meet its screening requirements, such as time, ticket price, format, different film frames, and some theaters’ servers can’t be played yet. These must be proofread. In addition, it is necessary to cooperate with the time and place of the film meeting. "

Just a casual introduction lists a bunch of problems that should be paid attention to in proofreading. He said, "The requirements in all aspects are ever-changing."

Nowadays, the film arrangement schedule of the last film festival is more and more recognized by fans, thanks to the experience and lessons learned from history. There were two "accidents", which impressed Lao Wang deeply.

Once, on the same day and night, the same film was arranged in Tianshan Cinema and Yonghua Cinema. Because it was a film copy, the two films could not be shown at the same time. He had to take remedial measures to temporarily add three short films to Yonghua Cinema. After Tianshan Cinema was released, he sent a copy to Yonghua Cinema, which was a timely solution to the crisis of the film collision that night.

In the past, film scheduling did not consider the issue of copy security, and the film was directly scheduled after it was approved, which sometimes led to the problem of changing other films because the film copy had not arrived.

The most serious one happened in 2004, when the short-listed films in the Golden Goblet Awards main competition had not arrived by the opening day of the competition, so other films had to be temporarily shown, which caused dissatisfaction among the audience.

After this mistake, the sequence of film arrangement in the future can be readjusted. All copies of films that arrive in Shanghai safely are given priority to a few days before the screening, and films that do not arrive in copies are discharged later. Lao Wang has a strong heart. "These experiences are all derived from problems. Without these hardships, there would not be such a mature period today."

This year, I also made a little change in the film scheduling schedule. Originally, the screening time of the last movie every day was 9 pm, and Lao Wang strongly suggested that it be advanced to 8: 50.

"Don’t underestimate these 10 minutes. Often the audience will catch the subway after watching the movie, which is a minute or two away." Ten minutes in advance made his work more difficult. Because from 6: 30 to 8: 50 in the previous show, you can’t schedule movies that are too long.

Lao Wang said that being able to think more about the fans is the motivation of his work. "Arranging films is just putting them in the hall. The difficulty lies in arranging them well. All the time spent is to arrange it better, more reasonable, more scientific and more artistic. "

"From the first session to the present, I am alone."

Every year, on the billing day of the film festival, Lao Wang will come to SFC Shanghai Studios, the main venue. He used to be the deputy general manager here. He will come to see the ticket sales in the cinema and recommend good films to the audience who buy tickets offline.

Even if it is now completely online ticket sales, the lively crowds in the cinema on the invoicing day in previous years are no longer there, and Lao Wang will not be absent. On the same day every year, he will take a group photo with the film-arranging table back plate of the cinema. He said, "It’s a complex, and it’s a habit."

Wang Jiayan’s father is Wang Guangyan, a famous director of science and education films in China, and also the deputy director of classic films. This year is the centenary of the founding of the Party. The White-haired Girl was selected as the screening unit of "Hundred Years’ Journey Red Light and Shadow". Lao Wang said with a smile, "This year is the film made by my father, and my son will arrange the film."

Influenced by his father, Lao Wang has been a movie fan since he was a child. When he was young, he often contributed to the magazine Movie Story. He likes watching domestic films. This film festival was highly recommended by him. "Many post-80s and post-90s people don’t know who Liu Qing is, but our generation all know him and the History of Entrepreneurship he wrote. The whole picture and music of the film are very good, and the performance is also very good."

Lao Wang has a deep connection with film work. He first worked in Shanghai Film Distribution and Projection Company, transferred to Shanghai Studios in 1991, and participated in the preparations for the first Shanghai International Film Festival in 1993.

In the 30 years since the opening of Shanghai Studios, he has been a witness and promoter all the way. Every department after the establishment of the Shanghai Film Festival has also left his footprints and figures. "The first session I was mainly responsible for the film trading market, the second session was a large-scale event office, the third session I was the news department, and the fourth session was the film festival department. I have been filming since the fourth and fifth sessions. "

The film festival has been held for 24 sessions, and it has gone through 28 years. The first session will always be the most impressive memory of Lao Wang.

"After the first session was completed, the International Producers Association informed that this was already a Class A international film festival, when Wu Yigong (founder) shed tears." He remembers more clearly the difficulties he faced because of his lack of experience when he held the first session.

At that time, he was the head of the marketing department of the film festival. "We set up a trading market in Shanghai Studios under very simple circumstances. There are domestic film studios, and one or two foreign countries have come, so there are only a few booths, unlike hundreds now. "

He still remembers that the first judges watched the film with the audience in the first hall of the cinema. The judges sat in the tenth row with a long table in front. "At that time, I was late for the movie and couldn’t find a place, or I took him."

In the era when the internet is still underdeveloped, the exhibition list of the Shanghai Film Festival is conveyed to the audience by publishing newspapers. Lao Wang recalled that on the first day of ticket sales at the film festival, the audience lined up in the cinema. Many people sat in line all night, some came from other places, and some bought tickets for their children. They were very enthusiastic. "This kind of touch prompted me to do a good job and be worthy of fans."

"At that time, the movie ticket was simple, and the title was not written." "At that time, the movie was still translated at the same time, and someone was holding a microphone to translate for the audience." "At that time, I was working in the cinema, and my legs were weak every day, coordinating this thing and that activity. The meeting in the cinema was taken out by me alone, and I hosted the meeting and the meeting. " ……

Those years, those things, those people, have always been deeply branded in his heart.

"From the first session to the present, I am alone, there is no second person, and all the people have retired." Lao Wang feels that he still insists on the first line of film screening at the film festival because he likes movies and likes this job. The growing film festival department and team partners also gave him a lot of help.

The night before the interview, he went to Shanghai Studios again. A little girl just watched it and took pictures in the cinema. As soon as she turned around, she saw him and asked him to sign the movie ticket. "It’s worthless for me to sign it, but she is very happy."

This year’s film festival has ended, and Lao Wang has temporarily left his post. He may go out to travel and relax as in previous years. Not surprisingly, he will return to the office of the film festival early next year. Come at 6: 30 in the morning, turn on the computer, make a cup of tea, continue to review and arrange films, and try to send a better schedule to the fans who meet in Shanghai once a year.

The State Council Information Office held a press conference on July 13th. Huang Songping, spokesman of the General Administration of Customs, introduced the import and export of China’s foreign trade in the first half of this year. According to the statistics of the General Administration of Customs, the import and export of China’s goods in the first half of this year was 14.12 trillion yuan, up 7.9% year-on-year, and foreign trade continued to maintain a steady and good momentum.

　　Prospect of Dasher Gandhi Sewage Treatment Plant in Bangladesh. Deng Junheng

　　A data center in Ghana, Africa invested by Silk Road Fund. The data center is partially powered by photovoltaic. Photo courtesy of Paul Frankish

　　On April 13th, China-Laos Railway, which was mainly invested and built by China, opened international passenger trains from Kunming South Station in China and Vientiane Station in Laos in both directions, and the two places can be reached on the same day by train. The picture shows Lao staff performing for passengers on the train. Xinhua News Agency reporter Xing Guangli photo

　　Responsible for Kaileta, Guinea — Chinese and Guinean employees of the Su-Apithy Operation and Maintenance Project are carrying out survey work on the dam of Kaileta Hydropower Station. Both Kailetai and Su Apithy Hydropower Stations are financed by The Export-Import Bank of China and undertaken by China Water Conservancy and Electric Power Foreign Co., Ltd. Photo by Lu Zhao

　　The teaching, research and referral hospital project of Kenyatta University, supported by preferential loans provided by the government of China and undertaken by Jiangxi, China International Economic and Technical Cooperation Co., Ltd. Photo by Elijah

　　Priority section project of Heishan North-South Expressway supported by The Export-Import Bank of China and undertaken by China Road and Bridge Engineering Co., Ltd. Photo by Lu Xiaochao

　　Financing is an important support for building the "Belt and Road". Most of the countries building the "Belt and Road" are developing countries, and some countries have gaps in construction funds. The financing bottleneck is a prominent challenge to achieve interconnection. Over the past 10 years since the initiative of "Building the Belt and Road" was put forward, China has actively carried out various forms of financial cooperation with countries and relevant institutions, promoted the network layout of financial institutions and financial services, provided strong support for financial cooperation among countries, and also provided a sustainable and powerful impetus for building the "Belt and Road".

　　Investment and financing promote the sustainable development of national economy and society.

　　On October 2nd, in Indonesia, the Jakarta-Bandung High-speed Railway EMU, which was financed by China National Development Bank and jointly built by China and Indonesia, was officially opened. Indonesian President Joko said on his first trip to Jakarta-Bandung High-speed Railway that he felt very smooth and comfortable when the train was running at 350 kilometers per hour. As the flagship project of "One Belt, One Road" cooperation between China and Indonesia, after the official commercial operation of Jakarta-Bandung High-speed Railway, the fastest travel time between Jakarta and Bandung will be reduced from 3.5 hours to 40 minutes, which will bring convenience to people and further release the local economic development potential.

　　On July 13th, in Bangladesh, the completion ceremony was held for the Dasher Gandhi Sewage Treatment Plant project, which was provided with preferential loans by the government of China, financed by The Export-Import Bank of China and jointly built by China and Bangladesh. The project is the first modern large-scale sewage treatment plant in the country and the largest single sewage treatment plant in South Asia so far. As a key project under the framework of "One Belt, One Road" jointly built by China and Bangladesh, the project can treat the domestic sewage of 5 million residents in Dhaka, greatly improving the quality of life of local people. Bangladeshi Prime Minister Hasina said that a sustainable and high-quality modern sewage treatment system is essential for the long-term stability of urban water supply.

　　… … … …

　　In the past 10 years, the two-way investment between China and the co-construction countries has accumulated more than 380 billion US dollars, and more than 3,000 cooperation projects have been carried out to jointly build the "Belt and Road", which has boosted the investment scale of nearly one trillion US dollars. From carlot Hydropower Station in Pakistan to the first garbage power generation project in Bangkok, Thailand; From Abuja Metro Phase I Project in Nigeria to Boccara International Airport in Nepal … … With the support of Chinese investment and financing, many infrastructure, capacity cooperation and eco-environmental protection projects have taken root in building a country together, injecting vitality into the sustainable development of local economy and society and becoming "national landmarks", "livelihood projects" and "cooperation monuments".

　　As a pioneer and an important participant in the Belt and Road Initiative, China has provided important financing support for the high-quality co-construction of the Belt and Road Initiative. Taking China National Development Bank and The Export-Import Bank of China as examples, by the end of 2022, China National Development Bank had directly provided high-quality financial services for more than 1,300 Belt and Road projects, effectively playing the leading role of development finance, bringing together domestic and foreign funds to jointly build the Belt and Road; The balance of The Export-Import Bank of China’s "Belt and Road" loans reached 2.2 trillion yuan equivalent, covering more than 130 co-construction countries. The loan projects have accumulated more than 400 billion US dollars of investment and promoted more than 2 trillion US dollars of trade.

　　The Kenyan Monnet Railway, financed and built by the Chinese side, has driven the local economy to develop continuously, creating tens of thousands of jobs directly and indirectly. Stephen Ndegewa, head of the Kenyan South-South Cooperation Think Tank, said that all the financing loans provided by China to African countries were used to implement specific projects, which really benefited the local people.

　　The space for financial cooperation is expanding in depth.

　　Over the past 10 years, the Silk Road Fund funded by China and the Asian Infrastructure Investment Bank established by China together with relevant countries have provided investment and financing support for hundreds of projects. The investment and financing channels for building the "Belt and Road" have been continuously broadened, the financial service system has been continuously improved, the supply of financial services has been continuously optimized, the investment and financing system and mechanism have been steadily innovated, the space for financial cooperation has been expanded in depth, and a diversified investment and financing system has been gradually established.

　　At present, the number of members of the AIIB has increased from 57 when it was founded to 109, from all over the world. As of October 10th this year, the AIIB has approved a total of 236 projects, with a total approved financing of over US$ 45 billion, driving capital of nearly US$ 150 billion, benefiting 36 members within and outside Asia, becoming a key member of the international multilateral governance system and an important financing platform to promote international development and jointly build the Belt and Road with high quality; Silk Road Fund provides important support for the investment and financing of the "Belt and Road" through a variety of investment and financing methods based on equity. By the end of June 2023, investment projects had spread to more than 60 countries and regions, and 75 investment projects had been signed, with a promised investment amount of about 22.04 billion US dollars; China signed a memorandum of cooperation with the World Bank, the Asian Development Bank and other international financial institutions, and jointly established a multilateral development and financing cooperation center with multilateral development banks, which effectively promoted the participation of market funds and gathered more capital dividends for the joint construction of the "Belt and Road" … …

　　In Tajikistan, key projects such as the municipal road and overpass construction project in Dushanbe, the highway modernization project from Dushanbe to neighboring Uzbekistan, and the Nurek hydropower station project have been comprehensively promoted due to the loan from the AIIB. Sevolo Safarov, former first deputy director of the Tajikistan President’s Strategic Research Center, said that the investment and financing projects of the AIIB directly target the weak links of infrastructure, which is conducive to stimulating local development vitality. "These projects have improved the living standards of local people and changed the country."

　　In the United Arab Emirates, Silk Road Fund participates in the investment of 700 MW photothermal and 250 MW photovoltaic solar power station projects in Dubai through cooperation with Dubai Hydropower Bureau and Saudi International Power and Water Company. After the project is fully put into production, it will provide clean electricity for 320,000 households. The relevant person in charge of Saudi International Power and Water Company said that the company and Silk Road Fund have been actively promoting multilateral cooperation. In November 2018, the two sides jointly invested and established a new energy investment cooperation platform, which provided strong support for many green energy projects such as wind power, photovoltaic and photothermal in West Asia and North Africa, and promoted the green development of countries and regions that jointly built the "Belt and Road".

　　In Nigeria, the third phase of the African Infrastructure Investment Fund (AIIF3), in which Silk Road Fund participated, provided financial support for Nigeria’s clean energy service platform. The platform provided clean energy solutions for business users by improving energy efficiency and renewable energy technologies, which is of great significance to countries with huge power supply needs such as Nigeria. At present, the platform business has expanded from Nigeria to many countries in Africa. Paul Frankish, head of investor relations at AIIF3, said: "The cooperation between Silk Road Fund and us is mutually beneficial and win-win. Both sides share the same investment philosophy, which will enable cooperation to provide more support for the future development of African countries."

　　Enhance the ability to jointly build national financial services.

　　Some major infrastructure projects planned to jointly build the "Belt and Road" countries have a large amount of money and a long term, involving many parties or even multinational entities, which is difficult for a single commercial bank in many emerging market countries to undertake completely alone.

　　As one of the results of the first Belt and Road International Cooperation Summit Forum, under the guidance of the People’s Bank of China, China Industrial and Commercial Bank initiated the establishment of the Belt and Road Inter-bank Normalization Cooperation Mechanism (BRBR Mechanism) to provide support for optimizing the financial supply structure, enhancing the national financial service capacity and promoting the international cooperation. Through this mechanism, member institutions can give full play to their respective advantages and form a joint force to jointly meet the needs of large-scale investment and financing.

　　In terms of investment and financing, the BRBR mechanism gives full play to the advantages of multilateral financial governance and mutually beneficial cooperation platforms, and promotes a large number of key projects to jointly build the Belt and Road Initiative to bear fruit. The renovation and capacity expansion project of Luasim Hydropower Station in Angola has brought clean energy to the local area, effectively alleviating the power shortage; The floating LNG project in kolar, Mozambique, has helped Mozambique become an LNG exporter … … The projects that benefit the people’s livelihood have improved the sense of gain and happiness of the people who build the country together.

　　In terms of capital market, ICBC and members of the BRBR mechanism have successfully issued seven BRBR green bonds, raising more than 14 billion US dollars, and actively playing the role of debt capital market in resource allocation in supporting the "Belt and Road" construction.

　　In terms of theoretical research and standard rules, the BRBR mechanism has published many research results, such as "Research Report on the Belt and Road Green Finance (Investment) Index" and "Research Report on Financial Information Disclosure in Transition", which provides important reference indicators and excellent practical experience for the investment decision of building the Belt and Road.

　　At the same time, the BRBR mechanism held a number of capacity-building and special training activities to strengthen capacity-building and rally consensus among members. By the end of September, 2023, the BRBR mechanism had been extended to 164 member and observer institutions in 71 countries and regions, which effectively promoted the open business interaction, symmetrical information exchange and effective allocation of funds among financial institutions in countries that jointly built the Belt and Road Initiative, and jointly improved their business capability and risk management level.

　　In the past 10 years, the financial cooperation mechanism for building the "Belt and Road" has become increasingly sound, and the ability to finance has been further improved. China, together with relevant parties, formulated the Guiding Principles for the Belt and Road Financing and issued the Analysis Framework for the Sustainability of the Belt and Road Debt, which provides guidance for the joint construction of the Belt and Road financing cooperation. China has signed bilateral local currency swap agreements with 20 co-construction countries, and established RMB clearing arrangements in 17 co-construction countries. The number of participants, business volume and influence of RMB cross-border payment system have gradually increased, and the scale of local currency swap and cross-border settlement has continued to expand, effectively promoting trade and investment facilitation. At the same time, the financial supervision cooperation between China and the Co-construction countries has been continuously strengthened, a regional efficient supervision coordination mechanism has been established, the framework of financial crisis management and disposal has been improved, and the ability to jointly cope with financial risks has been improved.

Does the shareholder bear joint and several liability if he transfers his equity without making a full contribution?

How much do you know about the law?

Case review

Defendant Zhang and outsiders Wu Mou and Fu established Company A in 2015, with a registered capital of 5 million, and the time of contribution was May 31, 2017, when Zhang was the legal representative. Defendant Zhang holds 80% of the shares, while Wu Mou and Fu each hold 10%. On August 31, 2016, Fu transferred all 10% of his shares to the defendant Zhang, and at that time, the defendant Zhang held 90% of the shares, and the subscription time was June 4, 2017. On January 20, 2020, the legal person of Company A was changed from Zhang to Yu. On January 20, August 11 and August 14, 2020, the defendant Zhang transferred 66% of the company’s shares to the defendant Yu, and transferred 10% of the shares to the defendant Yu on November 27, 2020.

After a company entered bankruptcy proceedings due to insolvency, the company sued Zhang, Yu and Yu to fulfill their shareholders’ capital contribution obligations.

court decision

According to Article 88 of the Company Law of People’s Republic of China (PRC), if a major shareholder fails to pay the capital contribution according to the date stipulated in the articles of association or the actual price of non-monetary property as capital contribution is significantly lower than the subscribed capital contribution, the transferor and transferee shall bear joint and several liabilities within the scope of insufficient capital contribution; If the transferee does not know and should not know of the above situation, the transferor shall bear the responsibility. "the Supreme People’s Court on the application of

<中华人民共和国公司法>Provisions on Several Issues (III) Paragraph 2 of Article 13 stipulates: "If the creditors of the company request the shareholders who have not fulfilled or have not fully fulfilled their capital contribution obligations to bear supplementary liability for the unpaid part of the company’s debts within the scope of unpaid principal and interest, the people’s court shall support it; Shareholders who have not fulfilled or fully fulfilled their capital contribution obligations have assumed the above responsibilities, and if other creditors make the same request, the people’s court will not support it. " The above-mentioned legal provisions apply to the situation that the shareholder’s capital contribution period has expired and the shareholder has the capital contribution obligation, but the shareholder fails to perform or fails to fully perform the capital contribution obligation.

In this case, when Zhang transferred the equity, his subscription period expired and the relevant funds have not been paid in full, and Yu and Yu did not pay the corresponding funds in full after the transfer of the equity, so Zhang, Yu and Yu should all bear the obligation and responsibility of capital contribution.

Judge’s statement

On July 1st, 2024, the Company Law of People’s Republic of China (PRC) was formally implemented. What are the obligations of shareholders of a limited liability company?

The new Company Law has the following provisions:

Article 47 The registered capital of a limited liability company is the capital contribution subscribed by all shareholders registered with the company registration authority. The capital contribution subscribed by all shareholders shall be fully paid by shareholders within five years from the date of establishment of the company in accordance with the articles of association.

Where laws, administrative regulations and the State Council’s decision have other provisions on the paid-in registered capital, minimum registered capital and investment period of shareholders, those provisions shall prevail.

Article 48 Shareholders may make capital contributions in currency, or in kind, intellectual property rights, land use rights, stock rights, creditor’s rights and other non-monetary properties that can be valued in currency and can be transferred according to law. However, except for the property that cannot be used as capital contribution as stipulated by laws and administrative regulations.

Non-monetary property as capital contribution shall be appraised and verified, and the valuation shall not be overestimated or underestimated. Where laws and administrative regulations provide for evaluation and pricing, such provisions shall prevail.

Article 49 Shareholders shall pay their respective subscribed capital contributions in full and on time as stipulated in the Articles of Association.

Where shareholders make capital contributions in cash, they shall deposit their capital contributions in full into the account opened by the limited liability company in the bank; Where capital contribution is made by non-monetary property, the procedures for the transfer of property rights shall be handled according to law.

Where a shareholder fails to pay his capital contribution in full on time, he shall be liable for the losses caused to the company in addition to paying it in full.

Article 50 When a limited liability company is established, if a shareholder fails to actually contribute capital in accordance with the articles of association, or the actual value of the non-monetary property actually contributed is significantly lower than the subscribed capital contribution, other shareholders at the time of establishment shall be jointly and severally liable with the shareholder within the scope of insufficient capital contribution.

Article 52 If a shareholder fails to pay the capital contribution according to the date stipulated in the Articles of Association, and the company issues a written reminder for the capital contribution according to the first paragraph of the preceding article, the grace period for the capital contribution may be specified; The grace period shall not be less than 60 days from the date when the company issues the reminder. After the grace period expires, if the shareholder still fails to fulfill the obligation of capital contribution, the company may issue a notice of loss of rights to the shareholder upon the resolution of the board of directors, and the notice shall be issued in writing. Since the date of issuance of the notice, the shareholder has lost his unpaid equity.

The equity lost in accordance with the provisions of the preceding paragraph shall be transferred according to law, or the registered capital shall be reduced accordingly and the equity shall be cancelled; If it is not transferred or cancelled within six months, the other shareholders of the company shall pay the corresponding capital contribution in full in proportion to their capital contribution.

If a shareholder disagrees with the loss of rights, he shall bring a lawsuit to the people’s court within 30 days from the date of receiving the notice of loss of rights.

Article 54 If the company is unable to pay off the debts due, the company or the creditors with due creditor’s rights have the right to require the shareholders who have subscribed for the capital contribution but have not reached the capital contribution deadline to pay the capital contribution in advance.

Article 51 After the establishment of a limited liability company, the board of directors shall check the capital contribution of the shareholders. If it is found that the shareholders fail to pay the capital contribution stipulated in the articles of association in full and on time, the company shall issue a written reminder to the shareholders to make a capital contribution.

If the company fails to fulfill the obligations stipulated in the preceding paragraph in time and causes losses to the company, the responsible directors shall be liable for compensation.

Article 88 Where a shareholder transfers the equity that has subscribed for capital contribution but has not yet reached the deadline for capital contribution, the transferee shall bear the obligation to pay the capital contribution; If the transferee fails to pay the capital contribution in full and on time, the transferor shall bear supplementary responsibilities for the capital contribution that the transferee fails to pay on time.

If a shareholder fails to pay the capital contribution according to the date stipulated in the Articles of Association or the actual price of the non-monetary property as capital contribution is significantly lower than the subscribed capital contribution, the transferor and transferee shall bear joint liability within the scope of insufficient capital contribution; If the transferee does not know and should not know of the above situation, the transferor shall bear the responsibility.

Original title: "Do shareholders bear joint and several liabilities if they transfer their shares without fully contributing?"

Read the original text

On June 10th, the headline reporter of Western Network Shaanxi learned that since the deployment of the "Iron Fist" action to investigate and deal with cases in the field of people’s livelihood this year, the Xi ‘an Municipal Market Supervision Bureau has focused on outstanding issues in key areas of people’s livelihood, public opinion and people’s expectations, and cracked down on ten categories, such as adulteration of edible oil, illegal addition of food such as claiming to lose weight and strengthen yang, false propaganda in the field of medical beauty, illegal measurement in the field of food purchase and sale, overdue inspection of elevators, and "bottomless marketing" for minors.

In order to further deter offenders and warn operators, the first batch of typical cases in the field of people’s livelihood in 2022 are now announced.

Case 1: Qingshuiwan Aquatic Products Wholesale Department in Qujiang New District of Xi ‘an was fined 20,000 yuan for selling unqualified live bass.

Summary of the case: In December, 2021, weiyang district Market Supervision Bureau of Xi ‘an received a report of unqualified food inspection, claiming that the live perch operated by Qingshuiwan Aquatic Products Wholesale Department of Qujiang New District of Xi ‘an was tested by Shaanxi Institute of Product Quality Supervision and Inspection, and the enrofloxacin project did not meet the requirements of GB 31650-2019 "Maximum Residue Limits of Veterinary Drugs in Food", and the inspection conclusion was unqualified.

On December 10th, 2021, law enforcement officers inspected Qingshuiwan Aquatic Products Wholesale Department in Qujiang New District, Xi ‘an, and the parties concerned could not provide the Business License, purchase receipts and test reports of the suppliers who sampled batches of bass. Upon inquiry and access to the relevant information provided by the parties, it is found that the illegal facts of the case of Qingshuiwan Aquatic Products Wholesale Department in Qujiang New District of Xi ‘an dealing in edible agricultural products with veterinary drug residues exceeding the food safety standards are established, and the illegal sales amount is 320 yuan and the illegal income is 320 yuan.

The above-mentioned behavior of the parties violates the second paragraph of Article 25 of the Measures for the Supervision and Administration of the Quality and Safety of the Marketing of Edible Agricultural Products, and it is prohibited to sell agricultural products with veterinary drug residues exceeding the food safety standards. According to the second paragraph of Article 50 of the Measures for the Supervision and Administration of the Quality and Safety of Marketing of Edible Agricultural Products and the provisions of Article 124 of the Food Safety Law of People’s Republic of China (PRC), the weiyang district Municipal Market Supervision Bureau decided to impose the following penalties on the parties: 1. Confiscate the illegal income of RMB and 320 yuan; 2. A fine of RMB 20,000. ?

Case 2: Beijing Siji Youxuan Information Technology Co., Ltd. Xi ‘an No.3 Branch was fined 50,000 yuan for allegedly selling unqualified Pipi shrimp.

Summary of the case: After the supervision and sampling inspection by Xi ‘an Municipal Market Supervision Bureau, the heavy metal cadmium of Pipi shrimp sold by Xi ‘an No.3 Branch of Beijing Four Seasons Optimization Information Technology Co., Ltd. did not meet the national food safety standards. After investigation, it was found that the cadmium project of Pipi shrimp sold by the party concerned did not meet the requirements of GB2762-2017 "Limits of Pollutants in Food Safety National Standards", and the party concerned did not strictly fulfill the obligation to check and record the incoming goods. The unqualified Pipi shrimp was purchased for a total of 4 kg, the purchase price was 90 yuan/kg, and the price was 108 yuan/kg. After all the sales were completed, the illegal income was 432 yuan.

The above-mentioned behavior of the parties violates the provisions of Article 25 (2) and Article 26 (1) of the Measures for the Supervision and Administration of the Quality and Safety of Marketing of Edible Agricultural Products, and is an act of prohibiting the sale of agricultural products with heavy metal content exceeding the food safety standards and failing to fulfill the obligation of incoming inspection. In view of the fact that the parties have been actively cooperating in the investigation of the case, truthfully stating the illegal facts and actively providing evidence materials, and actively carrying out rectification, which conforms to the provisions of Article 10, paragraph 1, of the Rules for the Application of Administrative Punishment Discretion of Shaanxi Provincial Market Supervision Administration, the punishment may be lighter or mitigated.

According to the second paragraph of Article 50 of the Measures for the Supervision and Administration of the Quality and Safety of Marketing of Edible Agricultural Products and the first paragraph of Article 124 of the Food Safety Law of People’s Republic of China (PRC), the weiyang district Municipal Market Supervision Bureau ordered the parties concerned to correct the above-mentioned illegal acts and made the following penalties: 1. Confiscation of illegal income of RMB 432; 2. A fine of RMB 50,000. ?

Case 3: Zhang Ruifeng Clinic in Baqiao District, Xi ‘an was fined 45,000 yuan for using expired and unregistered medical devices.

Summary of the case: When law enforcement officers of Baqiao District Market Supervision Bureau of Xi ‘an supervised and inspected Zhang Ruifeng Clinic in Baqiao District, it was found that ① occlusal paper ② dental zinc phosphate cement ③ temporary filling strips ④ No.35 and No.25 gutta percha tips were out of date, among which No.35 and No.25 gutta percha tips were unregistered medical devices.

The behavior of the parties concerned violates the provisions of Article 55 of the Regulations on the Supervision and Administration of Medical Devices (2021), which belongs to the operation and use of medical devices that are not registered according to law and have expired. According to the third paragraph of Article 86 of the Regulations on the Supervision and Administration of Medical Devices, Baqiao District Market Supervision Bureau ordered the parties to correct the above illegal acts and made the following penalties: 1. Confiscate expired medical devices; 2. A fine of RMB 45,000. ?

Case 4: Xi ‘an Yunyang Food Co., Ltd. was fined 59,780 yuan for producing and selling fresh noodles that used food additives beyond the scope.

Summary of the case: The market supervision bureau of Gaoling District of Xi ‘an received the inspection report with the number №: VPAEI09A247688F6 in the national food safety sampling information system. The report showed that the fresh noodles produced by Xi ‘an Yunyang Food Co., Ltd. of Gaoling District on October 12, 2021 were supervised and sampled, and the dehydroacetic acid and its sodium salt (calculated by dehydroacetic acid) did not meet the GB 2760-2014 National Food Safety Standard for the Use of Food Additives. Law enforcement officers delivered the above inspection report to the parties on November 8, 2021, and checked the food safety reasons in the production areas of the parties on the same day.

After investigation, the parties involved in the production of fresh noodles totaled 100 Jin. In order to ensure the shelf life of the produced food, the products were not added in strict accordance with the use standards and scope of food additives, resulting in the use of food additives in the production of fresh noodles beyond the scope. After inspection, dehydroacetic acid and its sodium salt (calculated by dehydroacetic acid) did not meet the national food safety standards. As of the date of verification, all the 100 Jin fresh noodles produced by the parties on the same day were sold to Shaanxi Yunheli Trading Co., Ltd. at the price of 2.2 yuan per Jin, and the illegal income was obtained in 220 yuan.

The above-mentioned behavior of the parties concerned violates the provisions of Item 4 of Article 34 of the Food Safety Law of People’s Republic of China (PRC), and belongs to the food behavior of using food additives beyond the scope of production and operation. In view of the fact that after receiving the report, the parties actively cooperate with the rectification of the production area, truthfully account for the illegal facts, and provide evidence materials on their own initiative, which conforms to the provisions of Article 10, paragraph 1, of the Rules for the Use of Administrative Punishment Discretion of Shaanxi Provincial Market Supervision Administration, the punishment may be lighter or mitigated. According to Item 3, Paragraph 1, Article 124 of People’s Republic of China (PRC) Food Safety Law, the Gaoling District Market Supervision Bureau decided to impose the following administrative penalties on the parties: 1. Confiscate the illegal income of RMB and 220 yuan; 2. A fine of RMB 59,780. ?

Case 5: The self-supporting project of Longhui Kindergarten in Lianhu District, Xi ‘an (extending the class) was fined.

Summary of the case: In the daily supervision and inspection, the Market Supervision Bureau of Lianhu District of Xi ‘an found that the self-reliance project of Longhui Kindergarten in Lianhu District charged fees. From September 2020 to November 2021, the extension class was held for a total of four months, and the illegal income totaled 4,485 yuan.

The above-mentioned behavior of the parties violates the provisions of Item 5 of Article 9 of the Provisions on Administrative Punishment for Price Violations and Article 12 of the Detailed Rules for the Implementation of Kindergarten Fees Management in Shaanxi Province, and it is an act of not implementing government-guided prices and government pricing. According to Item 5 of Article 9 of the Provisions on Administrative Penalties for Price Violations, Lianhu District Market Supervision Bureau decided to impose the following penalties on the parties: 1. Confiscate the illegal income of RMB 4,485; 2. A fine of RMB 11,212.5. ?

If all kinds of illegal acts in the field of market supervision are found, the masses are welcome to actively supervise and call 12315 or 12345 to make complaints and reports. Once verified, the market supervision department of Xi ‘an will seriously investigate and expose it according to law, and those suspected of committing crimes will be transferred to public security organs for criminal responsibility according to law.

Source: Western Network-Shaanxi News Network