The 9th China Network Audio-visual Conference held more than 40 high-quality forums, exhibitions, conferences and other activities, and invited more than 300 guests from related fields to give speeches and share them, with 5,000 industry guests attending.

June 3, 2021 — On the 5th, the 9th China Internet Audio-visual Conference was held in Chengdu. As a national event with the largest scale and the highest specification in China’s network audio-visual industry, the conference further deepened the discussion on the theme of high-quality innovative development of network audio-visual, and released a number of important industry signals, which aroused widespread concern and heated discussion.

The conference was hosted by the State Administration of Radio and Television and the Sichuan Provincial People’s Government, with the Central Network Information Office as the guiding unit, and undertaken by the China Network Audiovisual Program Service Association and the Chengdu Municipal People’s Government. With the theme of "A New Journey of Seeing and Hearing", the conference held more than 40 high-quality forums, exhibitions, conferences and other activities. The online conference interacted with the offline conference synchronously, and invited more than 300 guests from related fields to give speeches and share, with 5,000 guests from the industry.

In addition, in order to continue to play the role of the "wind vane" of the conference, the ninth China Internet Audio-visual Conference also innovatively designed a number of "firsts" — — For the first time, a short video live broadcast day was set up, an international communication summit was held for the first time, and a high-tech audio-visual technology experience exhibition was set up for the first time.

Focus on the main theme and celebrate the centenary of the founding of the party

The 9th China Internet Audio-visual Conference highlighted the study and education of Party history and the design of excellent online audio-visual works to celebrate the centenary of the founding of the Communist Party of China (CPC), and planned rich theme activities such as "Exhibition of Excellent Programs to Celebrate the Centenary of the Founding of the Communist Party of China (CPC)" and "Release of Excellent Short Video Works with Hundred Years of Wonderful Short Video", which were promoted simultaneously online and offline in the form of pictures, videos, audio and interactive experiences, profoundly showing the glorious course and great achievements of the Party’s century-long struggle, and the achievements of excellent online audio-visual programs and the style of party building in the audio-visual industry.

In the online part of the boutique program exhibition, a network audio-visual boutique program exhibition area celebrating the centenary of the founding of the Party was opened in the cloud exhibition hall of official website and official website applet, and it was exhibited in the form of "graphic +3D renderings"; The offline part is also splendid, and the booth is organized and set up, which is divided into five major areas, such as online movies (online dramas, online movies, online animations), online variety shows, online documentaries, short videos and online audio programs. It is organized and set up by China Network Audiovisual Program Service Association, and displayed in the form of graphic posters, videos, AI smart devices, etc., with an endless stream of visitors.

In the "Works", a number of outstanding works with China characteristics, China spirit and China’s creation present the Communist Party of China (CPC)’s great achievements in economic construction, political construction, cultural construction, social construction and ecological civilization construction in the past 100 years. Among them, the documentary "A Hundred Years of Making Steel: the Communist Party of China (CPC)", "Eleven Books" to Witness the Initial Heart and Mission, and the film and television drama "Ideal Shines on China" directed by the State Administration of Radio, Film and Television have aroused enthusiastic response. Up to now, the total broadcast volume has exceeded 2.07 billion times, 250 million times and 170 million times respectively.

At the same time, Chengdu has specially planned a series of activities to create an urban atmosphere of "Celebrating the Centennial Birthday and Audiovisual Bright Future", and set up 100 atmosphere punching points in Chengdu to create a strong atmosphere for all people to participate in celebrating the Centennial Birthday and create a great historical cause, making this conference an important platform to focus on the main theme propaganda, focus on the center and serve the overall situation.

Standing at the historical key node of the centenary of the founding of the Party, major media platforms have also concentrated their resources, carefully organized and planned, actively laid out the main theme content, and solidly promoted the theme propaganda work.

According to Peng Jianming, member of the editorial board of the Central Radio and Television General Station and general manager of the General Manager’s Office, the works of the General Station to celebrate the centenary of the founding of the Party are closely related to the main theme, focusing on "networking" and "youthfulness". For example, CCTV News launched works such as "They were young at that time", "Their love at that time" and "Their friendship at that time", which vividly showed the struggle spirit of the Communist Party of China (CPC) people from the small incision of life, emotion and thought that contemporary young people felt the same. The innovative media products such as Red Map, Watching the Red Boat with Billions of Pixels in a Hundred Years after the Founding of the Party, Watching China by Bus, and C Major released by CCTV, etc., broke the time-space boundary and triggered hundreds of millions of netizens to visit exhibitions and punch cards in the cloud.

In order to welcome the centenary of the founding of the Party, Tencent Video has reserved many kinds of fine content, such as "Seeing Words as Face, Beginning Season", "First-class Response" and "Ebola Frontline". In addition to the explosive drama The Awakeing Age, Youku also launched hit dramas such as "Trumpet in Place" and "Tour Prosecutor Group"; Iqiyi has released realistic dramas such as Ideal City, Ace Force and Life Home.

Short video is developing rapidly.

On June 2nd, China Network Audiovisual Program Service Association took the lead in publishing the Research Report on Network Audiovisual Development in China in 2021 (hereinafter referred to as the Report). According to the Report, as of December 2020, the number of online audio-visual users in China reached 944 million, and the number of short video users reached 873 million. Moreover, the growth of users of short videos is the most obvious, from 817 million in June 2020 to 873 million in December 2020 in just half a year.

At the press conference, Zhou Jie, Deputy Secretary-General of China Network Audiovisual Program Service Association, made a further interpretation of the Report. He said that short videos not only have the fastest growth, but also continue to grab users’ attention. 53.5% of users watch short videos every day, and compared with comprehensive videos, short videos have the highest user loyalty. "Not long ago, the average daily usage time of short videos increased again, reaching 125 minutes as of March this year, surpassing instant messaging and becoming the network application with the longest daily usage time per capita."

Behind the increasingly vigorous development of short video, the war between long and short video platforms is imminent, especially the copyright issues arising from editing, cutting, handling, dissemination and re-creation of film and television works have become the focus.

"New Video" Helps Rural Revitalization

In recent years, under the background of "internet plus", the fields of "agriculture, rural areas and farmers" have been rapidly combined with e-commerce, live broadcast and short video, and these "new video" forms have also played a very good role in boosting rural revitalization. This was reflected in the 2021 "New Video Night" of the 9th China Network Audiovisual Conference and the annual sharing meeting of short video creators.

At the sharing meeting, a group of short video creators from the countryside made a collective appearance, and many wooden figures, Xiaoying couples, and the No.1 note children’s choir of Xidewar School in Liangshan Prefecture performed at the scene. Many bloggers also brought their hometown specialties and shared their stories. Through short videos or live broadcasts, some of them can make rice noodles and mangoes hidden in the mountains in the past more tasted by "foodies" everywhere; Some make paper-making, clay sculpture, bamboo weaving and other crafts get public attention again; Others show the natural beauty of various places and call on more people to join the team of environmental protection.

Among them, Liu Hong, director of the Cultural Tourism Bureau of Ganzi Prefecture, dressed in national costumes, directly turned into a recommender and invited netizens to enjoy the beautiful scenery in Ganzi Prefecture. "We have blue sky and green mountains in Ganzi, and invite everyone to visit Ganzi." According to Liu Hong, Ganzi received 31 million tourists last year. This year, they set a "small goal", hoping to exceed 35 million.

Zheng Hongjie, a "craftsman", Peng Xiaoying and Fan Deduo, a couple of Wenzhou farmers, Zhang Fei, the first secretary of poverty alleviation in Ganjiagou Village, Laoying Township, Xiaojin County, Aba Prefecture, Lu Weijian, a guardian of ancient paper, and Wu Zhaoguo, a young entrepreneur born after 1985, were also named as "stars of strength" at the sharing meeting in recognition of their outstanding contributions in rural revitalization and inheritance of intangible culture.

In order to better display the audio-visual value delivered as a "short video+live broadcast" platform, Aauto Quicker set up a number of booths at the conference. Among them, two documentaries of Aauto Quicker users’ stories, The Flower Fairy on the Little Four Wheels and Out of the Black Eye Bay, reflected the magnificent historical picture of China’s land winning the battle against poverty at the work exhibition celebrating the 100th anniversary of the founding of the Communist Party of China (CPC).

In addition, at the short video and live broadcast industry summit forum, Cao World Expo, general manager of Aauto Quicker Science and Technology Business Revenue Management Center, proposed that the future business model will be transformed into a model with trust economy as the core. He believes that the short video platform should provide a series of commercial solutions such as traffic reach, business precipitation and infrastructure capacity of middle Taiwan, so as to realize the trust economy model, and take into account the comprehensive interests of creators, merchants, brands and user experience, taking into account experience and revenue. This will undoubtedly help to ensure the continuous income of creators.

Strengthen international communication and tell the story of China well.

The Internet Audio-visual International Communication Forum hosted by the International Cooperation Department of the State Administration of Radio, Film and Television and hosted by Mango TV was held on the afternoon of June 3, which was the first time that an activity with the theme of international communication was presented at the Internet Audio-visual Conference. At the forum, representatives from online audio-visual platforms, overseas promotion agencies, intelligent terminal enterprises and industry experts conducted in-depth discussions on how to do a good job in international communication of online audio-visual under the background of deep media integration.

At the event site, the launching ceremony of the first International Short Video online celebrity Competition, an international communication series of "A Hundred Years of Beautiful Life", was held.

In his speech, Yan Chengsheng, Director of the International Cooperation Department of the State Administration of Radio, Film and Television, said that by planning and implementing the series of activities of "A Hundred Years of Beautiful Life", the State Administration invited Chinese and foreign netizens to tell the story of China’s common pursuit of dreams with people all over the world by using the carrier of new media in the form of short videos, so as to record the beautiful life and convey the strong voice of the times. Facing the new situation and challenges, we should deeply understand the structural changes of international audience and international market, promote the creative transformation and innovative development of political, economic, technological and cultural advantages to international communication advantages, and find the resonance between China and the world through audio-visual works with quality, temperature and emotion.

Miao Zhihong, Party Secretary and Director of Jiangsu Radio, Film and Television Bureau, said that with the care and support of the International Department, Network Department and China Network Audiovisual Program Service Association of the General Administration of Radio, Film and Television, Jiangsu Bureau will further improve its political position, base itself on an international perspective, strengthen cooperation and coordination, actively coordinate resources, and jointly run the event well with characteristics and achieve results. At the same time, we will also take this event as an opportunity to adhere to the mission of the new era of radio and television, uphold the innovative genes in the network era, and make all-round efforts in the main body of the network audio-visual market, service platform, industrial base, and talent team construction, and strive to empower international communication with the high-quality development of network audio-visual.

In the next keynote speech on "International Communication Mode of New Media", Zhang Yan, deputy director of the Propaganda Department of Hunan Provincial Party Committee, secretary of the Party Group and director of the Provincial Radio and Television Bureau, stressed that strengthening the construction of international communication capacity, telling the Hunan chapter of China story well and promoting Chinese culture to go abroad are related to the promotion of Hunan’s cultural soft power, which is a systematic project with strong policy, strong professionalism and wide coverage. First, we should take on the mission in firm cultural self-confidence and contribute to Hunan’s strength; Second, we should tell the story of China well in the world language and speed up the pace of "going out"; The third is to promote Huxiang culture to the international community and be a cultural pioneer of the "Belt and Road".

"IP resources are the embodiment of the country’s soft power." Zhou Kui, an associate professor in the Department of Journalism and Communication of China Communication University, said that in the era of mass communication, there are many strong IPs in China. For example, when it comes to China Kung Fu, foreign audiences will think that although these IPs are still strong, China needs more international IPs of this magnitude after entering the new era of network audio-visual.

Lin Luhua, Chairman of Yawen Communication Group, believes that it is not easy to build a well-known China IP in the world. Lin Luhua said that among the top 100 IPs of YouTube, the world’s largest video site, there is no IP from China. "There is a big gap between our content dissemination and influence and overseas media and institutions."

The forum also held a round-table forum on "The Road of Integrated Development of Internet Audio-visual from Content Creativity to Communication Channels Internationalization", and invited many representatives of platform operators and content creation institutions to share their experiences and understandings on the international market expansion, overseas audience analysis and localization management of China film and television content. At the end of the forum, the research report on the development and governance of international network audiovisual was released, and the "China in 2021 — ASEAN Friendship and Cooperation Theme Short Video Contest ".

"Access to DeepSeek" was the hottest word in the car circle in the past few months, but it was the hottest word in the car circle. Now that the noise has subsided and returned to reason, it is time to seriously discuss how AI will reshape the car.

Let’s put a conclusion here first:AI may be the key point of qualitative change of automobile intelligence.

The reason lies in the evolution direction of several core plates of automobile intelligence, all pointing to the ability demand of AI big model: intelligent cockpit should be able to provide more personalized customization or active service; The "end-to-end" required by intelligent driving requires faster and more flexible understanding and decision-making ability; As the bottom support, automotive electronic and electrical architecture is turning to domain centralization and central computing in an all-round way, which requires centralized and flexible scheduling of computing power.

The characteristics of AI big model are also the key solution: the universal base provides a computing base combining end and cloud, and the big model is good at coordinating multi-party information and making quick decisions, especially in the face of common travel scenarios, which can form solutions and give direction suggestions and references in the face of special situations such as corner case.

This has made clear the key to the next generation competition of automobile intelligence, and it may even be the biggest change that automobile, as a tool for human travel, faces in a century of development:AI will become the infrastructure of the next generation of smart cars.

However, it will still take time for AI to reshape the car: the construction of infrastructure is by no means a day’s work. If there is no fundamental integration and transformation of the underlying technology, just like this wave of car companies focusing on marketing, it is neither decent nor honest to make a simple dialogue interface between people and cars, or even to fool directly with a web browser.

Going around, the serious evolution from the beginning of infrastructure depends on the determination and thinking of the giants.

On March 3rd, Geely held a conference on AI intelligent technology, which revitalized the seemingly irrelevant "idle chess" in various fields, demonstrating the first in-depth thinking result of AI as a smart car infrastructure.

Dimension reduction from the beginning of infrastructure

Geely may be the first car company in the automobile circle to seriously discuss the construction of AI infrastructure.

Compared with the "grand strategy" that friends like to announce in the AI field, Geely spent nearly one-third of the conference space, and invited Yin Qi, an AI industry expert and chairman of Qianli Technology, to share the basic judgment on the development of AI big model from the perspective of automobile industry as a member of Geely Technology Ecology, based on objective technical facts.

There are a lot of dry goods. Let’s first look at the final answer of the evolution of AI+ cars given by Geely.

Geely called it "the birth of supernatural human-computer interaction". The logic behind it is that, unlike PC as the core carrier of digitalization and mobile phone as the ultimate entrance to the Internet, AI needs more energy consumption and more access to real information, so cars naturally have the advantage of becoming a "mobile terminal" in the AI ? ? era. The most direct change brought about by AI’s natural "multimodal" interaction and reasoning ability is to connect various services in series across user travel scenarios.

Imagine that in a go on road trip, vehicles can take over the whole driving control according to the accumulation of your usual daily habits, and intelligently help you book the destination food in advance, intelligently recommend different services to couples, family, friends and elders during the trip, and even link with your mobile phone after the trip to intelligently generate travel notes, which can be shared with one click … ..

The so-called "supernatural human-computer interaction" is not a subversion of starting a new stove, but a one-way instruction of traditional people to equipment. It is also a two-way suggestion and feedback between people and equipment, and finally people can communicate with each other and even understand your feelings better.

With a clear goal, starting with the end, we can find the greatest common denominator of infrastructure.Geely’s infrastructure advantages in AI big model can be understood from two key words: computing power+general model.

Here, a few figures can be used to visually show Geely’s achievements: Geely’s "Smart Car Computing Alliance" is based on Star Smart Computing Center 2.0, and its comprehensive computing power has increased to 23.5 EFLOPS. According to "China Computing Network Market Operation Status Survey and Investment Strategy Forecast Report (2023-2030)",By the end of 2023, the scale of AI in China will reach 200 EFLOPS, and Geely’s AI computing power layout is enough to rival nearly 1/10 of the country.

Sufficient computing power corresponds to Geely’s higher goal of building a universal base model.

What is common in the industry is the vertical intelligent driving model, which is short, flat and quick, and easy to produce results. You can understand the difference between the two models like this:Vertical intelligent driving model is a kind of intelligent driving technical scheme that integrates all kinds of road driving scenes, and emphasizes the familiar ones such as laser radar and visual perception, and its relative sources are also limited.

But it is different from the information input and feedback of people’s real driving. People are natural "multi-modal input". You will form a trend judgment according to the change of traffic flow ahead, the command of pedestrians or traffic police, and even the seemingly unrelated scene changes on the road ahead, and make a subconscious reaction and judge the next road conditions and operations.

The universal base model is born for this multi-modal nature, but the exponential explosion of its data volume means that it needs stronger computational support.

An intuitive data comparison is that the specifications of the intelligent driving model widely used in the automobile industry are about 10 million video clips, and a large number of repeated scenes will be mixed in the middle, while the data volume of the universal base model can easily reach 1 billion, even for similar scenes, it will identify the internal trend changes more carefully. Only in the recognition degree of the general obstacle, compared with the industry model, the general model is the gap between "100,000 categories" and "50 categories", and even can identify new obstacles through reasoning, forming the ability of independent learning and decision-making.

To put it bluntly, the universal base model is essentially observed in a mode closer to the real human thinking, and the result is closer to the real human road judgment and driving mode, and truly realizes the anthropomorphic "fully automatic driving" above L3.

On this basis, in order to better understand the real world, Geely and Eco-Partners have created a model matrix that integrates language model, multimodal model and pan-world model. Among them, the language model represented by DeepSeek is aimed at the smooth interaction between human and computer, and the rapid understanding of the world abstract information into words by intelligent driving.

The multi-modal model is represented by Geely’s AI ecological partner Step Star, which can understand and generate images, music and videos. In the end, the foundation of the future industry includes VLA and a world model that can understand the objective reality. Geely has simultaneously laid out the AI Drive model at this level, laying a good foundation for intelligent driving above L3.

According to the computing power demand of the common large model in the industry, the universal base model needs at least tens of thousands of cards for a single training, so this is a "dimension reduction blow" that a "head player" like Geely can achieve. Looking back at Geely’s "Smart Geely 2025" plan put forward at the Longwan conference in 2021, it was now curious and questioned by many people at that time. Geely’s heavy investment and extensive layout in the digital field now have a new answer.

The competition for "AI+ cars" has just begun.

Why is it called a thousand miles?

In the matter of AI reshaping the car, Geely played its own stubbornness as building a car:Starting from the bottom structure, we should pursue the accumulation of wealth and thin hair in the final landing. Only in this way can we meet the goal of "high value" and achieve the blow of dimension reduction.

At the press conference, as the first landing of the AI strategy, Geely released a self-developed "thousands of miles" intelligent driving system, and took the lead in carrying it on two cars: the 2025 modified version of Geely Yinhe E8 and Geely Yinhe Xingyao 8EM.

As a unified intelligent travel solution formed by Geely through AI technologies such as end-to-end, VLM and world model, Qianli Vast is divided into five different levels, namely H1, H3, H5, H7 and H9, with a minimum standard computing power of over 100TOPS.Highest H9 is the industry’s first L3 intelligent driving solution with mass production landing capability, which will be carried on all Geely models.

The most intuitive benefit brought by the vastness of thousands of miles is that users no longer have to choose between the inconsistent experience of intelligent driving and the complicated packaging words of different manufacturers. At the turning point when industrial technology enters the popularization period from the rising period, it is obviously much more important to let more people use it with low threshold than the dazzling skills and packaging of high-end technology.

Geely named this intelligent driving system "Qianli", and the strength behind it is the industry-leading general model and computing power. This is one aspect of technology, and the vastness of the other side emphasizes that this intelligent driving system is not only rich enough to support intelligent driving in various scenarios, but also stable and reliable. As the "safest intelligent driving system", Qianli Vast can be integrated with Geely’s technical standards in the field of car building.

At the press conference, Geely showed a typical scene: the AEB of 120km/h stopped automatically. As one of the most risky dangerous driving scenarios that most users may encounter, compared with many brands who still use this ability as a gimmick for high-level intelligent driving, Geely can directly declare the vast expanse of thousands of miles as a standard, and even avoid the risks in the same lane, and can also avoid the risk scenarios that appear continuously in two lanes.

Qianli Vast integrates the self-research power of Geely’s ecology, which is essentially based on the brand-new anchoring of the industry layout for many years, the VLM model of vision and integration of language, and the universal model base based on the understanding of the real world, and on this basis, it promotes the first mass production of L3.It indicates that China enterprises, represented by Geely, are setting up a real moat in the field of intelligence, especially in terms of technology and experience standards integrated with the whole vehicle, which means that they are ready to promote the maturity of laws and regulations and promote them globally.

This is the competition for upgrading the dimension after laying the foundation first. Compared with most enterprises in the industry, which are still using smart driving to create profit space and avoid responsibility, Geely has made the vast expanse of thousands of miles into the best and most time-tested value in the century-old automobile industry: standard.

AI defines the first player of a car.

Geely’s years of development actually follows similar thinking:Under the grand strategy, the grey line of grass snake will be continuously laid out, and then it will be applied first when the industry changes its qualitative point, so as to realize the great leap and the establishment of moat.

From the acquisition of Volvo, the layout of smart Geely 2025, the layout of vast architecture, and the release of Ningbo Declaration and Taizhou Declaration, Geely AI technology conference marks the first time that Geely has completed the first transformation to "AI defines cars".

The industrial leap of any technology must be the first move of the explorer and the follow-up with the industrial giants, so as to jointly promote the application for thousands of households. The entry of an industrial head enterprise like Geely marks the seeds of innovative technology brought by DeepSeek or other AI ecological partners, with the soil to land.

Similarly, they all need to go through the process of long-term exploration in core technologies and bear huge sunk costs and risks; What a giant like Geely has to do is to discard the false from the true as soon as possible and complete the popularization and application of engineering. In this process, advanced technology has to find true value for users and popularize more scenarios, which is bound to be a long-term process.

But this may also be the "high-value" experience that users can reach at their fingertips as soon as possible: once AI builds a car, it will not be far from the mature products such as "It just works" once it enters the unknown technical engineering.

Through refined management, the living environment of Dayuan Village has been significantly improved.

Sheriff Grid helps residents find their lost children.

　　In Baiyun District, Guangzhou, grid management construction is in full swing. People were pleasantly surprised to see the figure of a grid worker in front of their house. With a phone call, a WeChat and a call, grid workers appeared beside the residents, regardless of the size of the incident.

　　"The people think, I have a plan, the people have a call, I have a response, the people have a request, and I have something to do." On the 795.79 square kilometers of Baiyun land, 3,075 grids were finely divided, and 3,215 grid workers worked intensively on their respective grids, realizing the fine management of the city with the spirit of embroidery.

　　A branch is built on the grid, and contradictions are resolved at the grassroots level.

　　Dayuan Village, Taihe Town, Baiyun District, covers an area of about 25 square kilometers. There are 6,438 buildings in the village, including more than 3,600 rented houses, with an actual service management population of over 170,000. There are 7 large-scale logistics parks under its jurisdiction, which is a well-known "Big Mac" village and a famous "Taobao Village".

　　In this "Big Mac" village, the traditional village-level governance model has obviously lagged behind, and the difficulties and pain points of social governance are prominent. However, since 2019, the police situation of theft in Dayuan Village has decreased by 41.7% year-on-year, and the police situation involving pornography, gambling and drugs has decreased by 22.6% year-on-year. How did this happen?

　　"There are 2,409 party member in Dayuan Village, so we thought, can these red forces be transformed into the driving force and engine of village community governance?" Peng Zhiliang, the first secretary of Baiyun District stationed in Dayuan Village, introduced that Dayuan Village adopted a new service management model of "Party Building+Grid" in the exploration, that is, according to the characteristics of different regions, 111 basic grids were scientifically divided in the village, and combined with 212 party member responsibility areas, party member’s responsibility was unified with grid management, and a "Party Committee — Party branch — Grid — Party member "four-level management structure.

　　Relying on the grid unit, the party building, rental housing management, municipal sanitation, comprehensive management and stability, comprehensive law enforcement and other teams of Taihe Town in Dayuan Village will be brought together to the village party committee for unified deployment and management, and the cadres and staff of party member at the town, village and economic society will flow to the grid, resources will be concentrated to the grid, all kinds of services will land in the grid, and mass problems will be solved in the grid.

　　The interests of the masses are no small matter. Some people have damaged roads in front of their houses, smelly garbage collection, and inadequate compensation for fruit trees … … Party member and grid workers from Dayuan Village were dispatched in unison to try their best to solve the difficulties and pain points of the villagers. On July 25th this year, Lin Yongqing of party member went door to door with the 99th grid worker in the hot summer, and found a tanker carrying and unloading oil in an inconspicuous residential building. Lin Yongqing quietly reported the information, and the relevant departments rushed to the scene after receiving it. After being confirmed as an illegal refueling den, they immediately dealt with the refueling equipment.

　　Remain true to our original aspiration, and keep our mission firmly in mind. Dayuan Village leads the grid management mode with party building, and continuously expands the ways and means for people from Guangzhou to participate in social governance through the joint meeting system of party building and the co-governance Council. Under the overall arrangement of the Political and Legal Committee of the District Committee, the experience of popularizing the "five strengths" of Sanyuanli Street Grid has taken root in Dayuan, and the "five strengths" have been used to create a pattern of co-construction, co-governance and shared social governance, providing inspiration for the reform and innovation of grassroots governance in the city.

　　B grid "five long" micro-governance streets glow with new vitality

　　The Zoumagang Railway Community, located in Sanyuanli of Baiyun, is a well-known "messy place", and many original residents have moved out because of the bad environment. Recently, however, there are more and more relocated households in the community, and dozens of families have moved back to the railway community.

　　It turns out that Sanyuanli Street in Baiyun District piloted the grid "five long" micro-governance model from the first half of this year, "‘ Wu Chang ’ Not five people, but five teams. " Li Zhijun, deputy director of Sanyuanli Street Organization Office, told reporters that the "five leaders" are led by the party group leader, the grid leader is responsible, the deliberation leader cooperates, the building leader participates, and the sheriff guarantees. As of September this year, the "five long" teams of 156 grids in Sanyuanli Street have collected more than 1,400 problems and solved more than 1,300 problems, with a solution rate of over 90%.

　　The child was accidentally lost, and the "five long" personnel immediately helped find it; The balcony found a hornet’s nest, and the "five long" personnel immediately invited firefighters to deal with it; The elderly living alone are sick, and the "five leaders" and doctors come to the door for treatment … … These are all practical things done for community residents after the implementation of the "five long" micro-governance work of Sanyuanli Street Grid, and the vision of "small things don’t leave the grid, big things don’t leave the community" has been truly realized.

　　On August 5th this year, Ziyuangang Community Neighborhood Committee received a banner printed with the words "selfless assistance from the people". Ms. Ye, who came to send the banner, was very excited to express her gratitude to the community neighborhood Committee: "We are both crying. Fortunately, we have your help, otherwise I really don’t know what to do. Thank you very much!" It turns out that Ms. Ye is a businessman in Yifa Leather City within her jurisdiction. On the afternoon of August 3, she ran to the community duty room in a hurry and told the staff with tears that her two-year-old twins were accidentally lost because she was busy with business. After understanding the situation, Lu Ermin, the director of the community neighborhood committee on duty that day, asked the security team members to collect monitoring and search at the first time, and at the same time sent the information of finding children to the WeChat group of the "Five Long" team, and launched the leather goods business circle and community security forces to help find them together. Finally, in just one hour, she helped Ms. Ye find the two lost children.

　　Grid "five long" micro-governance not only solves the practical problems encountered by residents in their lives, but also provides intimate convenience services for residents and opens up the "last mile" of serving the masses. There are many widowed and solitary elderly people living in Songbaigang community. Facing this special group, the "Five Long" team took the initiative to become caring people for the elderly living alone. Du Apo, an elderly person who lives alone in Songbai New Village, has no children under her knees. The grid leader of the community started to be Du Apo’s "children", not only caring for her in her daily life, but also cooperating with doctors in community health service centers to carry out on-site service, measuring blood sugar and blood pressure for Du Apo free of charge, and using the policy of benefiting the people to establish a health file for Du Apo, and providing family doctor-style signing service, so that Du Apo no longer has to worry about seeing a doctor.

　　Nowadays, in the grid WeChat group of Sanyuanli Street, various "emergency" appeal messages pop up every day. The "Five Long" team insists on daily patrol, frequent visits, timely notes, handy work and real-time transmission, and quickly sends the collected clues of social conditions and public opinion to the group, so as to resolve contradictions in the bud and solve problems in the initial stage.

　　C enhancing people’s happiness with the spirit of embroidery

　　According to the statistics of Guangzhou Municipal Bureau of Statistics, the registered population of Baiyun District is only 943,600, while the permanent population is as high as 2,441,900, which makes Baiyun District rank first among all districts in Guangzhou. The influx of foreign population makes it urgent for Baiyun District to realize fine urban management. Since the beginning of this year, the Political and Legal Committee of Baiyun District Committee has taken the lead in optimizing and upgrading grid service management in the whole region.

　　In April this year, the Political and Legal Committee of Baiyun District Committee, together with the Baiyun Branch of the Municipal Planning and Natural Resources Bureau and other departments, began to re-divide the basic grids of towns and streets in the whole region, using the latest and most authoritative maps and special vector drawing software to completely eliminate the unreasonable grids of towns and streets.

　　After adjustment, 18 streets in 4 towns in the whole district are divided into 3075 basic grids, and 3215 basic grid members perform their respective duties. It also simplified the original 201 items into 50 items in 10 categories, and clearly defined the responsibilities of grid workers and functional departments.

　　The front-end problem was successfully solved, followed by the optimization of the rear platform. The original platform function was very rough, but now the new platform is adding functions such as trajectory tracking, performance management, data statistics, etc. Grid members report grid events in real time in the grid through the mobile APP "Digital Baiyun Basic Application Platform" during inspection, and the background is in accordance with "Event sending → Dispatch → Event acceptance → Event handling → Result feedback → The evaluation and closing process is completed, and the whole process is closed in the platform, which truly realizes the "responsive" grid operation mechanism.

　　Strengthen team management and greatly improve the grid service management ability. After the previous grid foundation work was consolidated, Baiyun District took advantage of the trend to improve the grid management pattern, and promoted the grid "five long" micro-governance model in the whole region, giving full play to social forces and realizing "small things don’t leave the grid, big things don’t leave the community". At present, on the basis of 3075 grids and 3215 grid members, the whole region has set up a grid "five long" team of 16595 people.

　　In order to do a good job in grid management, leaders at all levels attach great importance to it. From January to August this year, a total of 384,779 grid events were reported in Baiyun District, and 384,115 were settled, with a settlement rate of 99.8%. Correspondingly, the residents’ sense of acquisition, happiness and security in Baiyun District have improved significantly. As of August 30, the police situation of Baiyun Branch decreased by 11% year-on-year; The police situation of the two robberies decreased by 57.8% year-on-year; Burglary alarm decreased by 50.6% year-on-year.

　　In the eyes of the masses, the cleanliness of the environment and the improvement of public security are tangible and tangible. "The people’s yearning for a better life is our goal!" This sentence may be a vivid footnote for Baiyun District to study the spirit of embroidery and implement fine grid management. (Text/Figure Song Wei Wen Jing Yun Xuan)

CCTV News:November 1st is World Influenza Day. As the weather turns cold, influenza gradually enters a seasonal active period, and influenza vaccination everywhere also enters a peak period. What is the epidemic trend of influenza in China this winter and next spring? How can we do a good job of prevention and scientific response?

In a number of community health service centers in Taiyuan, Shanxi, Xiamen, Fujian and other places, citizens are being vaccinated against influenza in an orderly manner, and many of them have come with their children. According to the medical staff in Xiamen, the local influenza vaccine stocks are relatively sufficient at present, and citizens can make an appointment in advance.

According to experts, according to the monitoring situation of sentinel hospitals nationwide, at present, influenza activities in China are on the rise.

According to experts, everyone is susceptible to the flu. However, the severity of flu symptoms varies among different people.

Jiang Hongni, member of Pulmonary Angiology Group of Chinese Medical Association:Children under 5 years old, especially children under 2 years old, older people over 65 years old, some people with basic diseases, and some pregnant women are also susceptible to influenza.

According to experts, the symptoms of influenza are relatively serious, mainly manifested as high fever and systemic symptoms, including headache, muscle and joint pain all over the body; The common cold and fever last for a relatively short time, with mild systemic symptoms and rapid recovery. If you have the flu, you should seek medical treatment as soon as possible in case of critical symptoms, so as to avoid blind or inappropriate use of antibacterial drugs.

Experts remind that to prevent influenza, everyone should wear masks and get flu vaccine while improving their immunity. Due to the different strains of influenza virus every year, the influenza vaccine will be adjusted accordingly, and the influenza antibody is not effective for life, so it is recommended that the public be vaccinated again every year.

Jiang Hongni, member of Pulmonary Angiology Group of Chinese Medical Association:Only a few people are not suitable for vaccination, such as very obvious allergic symptoms, especially those who have been vaccinated before, and there are diseases with this immune system. In addition, if the patient has a fever recently or has been vaccinated with other vaccines in the last month, vaccination can be suspended.

As a new season drama series of "Fog Theater", the opening of "Daughter Coming Back" has aroused the attention and heated discussion of the audience, and it has been highly praised because of its "brain burning" of the plot and the online performance of the actors, and even praised "the return of Fog Theater". However, in the middle of the series, the looseness of the follow-up plot and the rationality of the narrative were questioned by the audience, which led to the continuous decline of word of mouth, and the Douban score dropped to the passing line at the end. It can be said that "Daughter Coming Back" can’t escape the fate that the original suspense online drama of "Misty Theater" has a high reputation and the audience’s expectation has failed, and its narrative defect has also become a microcosm of the deep-seated problems of domestic suspense online drama.

If we count from the crime of undocumented in 2017, the domestic suspense online drama represented by "Fog Theater" has become a very subdivided type of online drama. Thanks to the development of genre models of suspense film and television works in Europe, America and Japan, as well as the literary foundation of Zi Jinchen’s original novels, and the participation of a group of directors with European and American film and television professional backgrounds, the domestic suspense online drama has set off a creative upsurge: after the crime without a license and chasing after the murder in the daytime aroused the audience’s expectation, the popularity and high reputation of Hidden Corner and Silent Truth in 2020 further established the status of "fog theater" as an industry drama, which gave birth to suspense. However, since then, the original script of Fog Theater has not been explored smoothly due to the defects of suspense narration, although the series such as Goodbye that Day, Fog in the Eight Diagrams Pavilion, Who is the murderer, Deadly Wish and Gold Rush have gathered a cast and production team that can not be underestimated, presenting an overall industry dilemma of the original domestic suspense online drama.

Generally speaking, domestic suspense online dramas, including "Misty Theater", follow a narrative mode of "social school" reasoning that combines suspense with reality. This choice is not only related to the policy advocacy of realistic themes of local film and television dramas, but also the communication strategy of online drama producers trying to break the genre boundaries and break the circle of audiences with realistic topics. At a deeper level, it is also the consistent cultural practice of local film and television dramas to highlight the theme of family humanity and social issues. Therefore, under the label of "crime" and "suspense", most of the dramas of "Fog Theater" highlight the human evil brought by family of origin and social power. For example, The Hidden Corner, The Fog in the Octagon Pavilion, Very Witness and Ten-Day Game all involve family relations issues that Chinese is particularly concerned about. Different from the hard reasoning that pays attention to the detective’s puzzle solving process, the social reasoning suspense drama pays more attention to the deep integration of social factors and human problems, and its puzzle solving process lies in showing the deep-seated human evil step by step, and pays more attention to the deep-seated social problems of all people doing evil in the context of a specific era. For example, the society and power system revealed in Silent Truth. This means that there is a close combination between this social problem consciousness and narrative suspense puzzles: in the narrative process of "throwing puzzles-solving puzzles-uncovering puzzles",Construct the rationality and logic of solid details, plots and characters’ behaviors, so that genre narration and social problems can be deeply integrated. By this measure, The Daughter Who Came Back has representatively exposed the narrative defects faced by local suspense online dramas.

Daughter Back is still a social reasoning network drama with the theme of family suspense. The drama is set in Tanling County, which was developed in the southwest of China in 1997 due to the third-line construction. It tells the story of Chen Youxi, a young girl adopted by Jieshan Welfare Institute. Xiaoxiu, a good friend who works as a home nanny in Li Chengdong, director of the county fertilizer factory office, mysteriously disappeared after discovering the Li family’s secret. In order to find the mystery of Xiaoxiu’s disappearance, she fled the welfare home and came to Tanling, pretending that Li Wenwen, the daughter of the Li family who had been missing for many years, sneaked into the Li family to find clues. From the perspective of Chen Youxi as an intruder, with the help of Xiao Xiu’s prospective boyfriend Cheng Wei, the drama gradually discovers the secrets and sins of the Li family through multiple struggles with his mother Liao Suifang, his father Li Chengdong and Liao Suifang’s lover Wang Zhongjiang. As a family suspense drama, The Daughter Who Came Back focuses on the complex game between the family members involved in the murder case, and how the characters form the "hunter" and "prey" and the relationship between the strong and the weak in various human motives and actions: Chen Youxi, as an intruder, seems to have the initiative, but in fact his identity and actions are in Liao Suifang’s hands; However, Li Chengdong, a weak husband in the marriage relationship, was very humble and obedient to keep Liao Suifang.In fact, it is precisely the perpetrators with the deepest intentions; And mentally retarded Li Wenzhuo seems to be kind and powerless. Is he a real murderer … … The series brings questions about who killed Xiaoxiu, the mystery of Li Wenwen’s death and whether Li Wenzhuo is really stupid or fake. The calmness and lust behind Liao Suifang, played by Mei Ting, and the complex character of Li Chengdong, played by Yanhui Wang, which is honest and humble on the surface, make the reverse relationship between these characters and the hidden level of human nature behind the murder case better presented.

However, similar to other social mystery dramas in Misty Theater, Daughter Coming Back has three obvious narrative defects, which make the narrative tension constructed by the contrast between the actor’s superb performance and the characters still unable to save its reputation:

First of all, as a suspense drama of social reasoning, its realistic problem consciousness does not go deep into the internal texture of narration, and stays at the superficial atmosphere of the times and the superficial psychological consciousness level, which fails to become a part of the deep-seated characters’ behavioral motives, thus showing a typical "sense of decoration of the times" drawback.Although director Lv Xing himself emphasized the typology and problem consciousness of creation, and published a document stressing that his narrative should focus on showing the relationship between the background of fund-raising tide, third-line construction and laid-off tide, detention and repatriation system, Qigong fever and other backgrounds existing in China society in the late 1990s and the mentality and fate of the characters at that time, from the perspective of drama narrative, these did not really form the deep-seated logic of his narrative, nor did they become a part of clues. The most important background in the play can be said to be the decline of the chemical fertilizer plant and the laid-off workers, which constitutes the background of Li Chengdong’s psychological loss and his fragile "pride" (used to show off in front of Liao Suifang as a red man of the factory director), but the real problem between him and Liao Suifang lies in his desire and Liao Suifang’s lack of love for him. Similarly, Wang Zhongjiang, who is his rival in love, is involved in the social context of wealth, and its complex relationship (how to get out of the chemical fertilizer factory, what it has experienced, why people are attached to raising funds, and how to have an accident) how to form an image of the relationship between the three people, which is vague in the play, not given an explanation and presentation, and not even entered the narrative context. Wang Zhongjiang’s plot line and the weakening consciousness of social problems behind it are difficult to support the narrative significance that the director’s intention and narrative background may bring, and eventually become a simple background decoration.

Secondly, as a typed narrative, both social reasoning and case reasoning need to follow the principle of "Puzzle Throwing — — The emergence of evidence — — The revelation of the mystery runs through the basic logic, which makes the progress of the plot and the audience’s participation form an intellectual wrestling with each other. However, there is an obvious problem of "puzzle loss" in Daughter Back, which leads to the separation between narrative progress and audience’s participation.In the first half of the plot, The Daughter Who Comes Back throws at least four puzzles: (1) The mystery of the identity of the monkey masked man; (2) Xiaoxiu leaves or the mystery of death (whether to leave or not? What is Xiaoxiu’s real personality? Who killed Xiao Xiu? How did Xiao Xiu die? What about Xiao Xiu’s body? (3) The mystery of whether Li Wenzhuo really burned his brain and whether he killed people; (4) The mystery of Li Wenwen’s disappearance and death, etc. These problems all lead to a direction of "all people are evil", and also make the criticism of the universal evil of human nature behind an era context a possible construction of the theme that the audience expects. However, after the series throws out questions, the plot is constantly turning over, and the focus of the questions is constantly changing. For the original puzzles, the answers are revealed in an effortless and narrative way: for example, the monkey mask man is just a rogue, and coincidentally reveals the mystery that Li Wenwen died in a washing machine. And why is Li Wenzhuo there every time the Monkey Mask Man appears? For another example, what kind of person is Xiaoxiu, and is there a relationship between her death and her real personality? … … None of these questions give clear answers in the play. Although the series gives many fragmentary clues, Wang Zhongjiang’s positive personality and light death lead to a lot of redundant details and plots being invalid. In the end, taking Li Chengdong as the subject of doing evil and accepting the crime runs counter to the audience’s guess that all the people are doing evil, which greatly weakens the intelligence of the narrative and the depth of the theme.

Thirdly, from the level of suspense narrative, narrative rationality is the most critical factor for the success of suspense drama, and the rationality of details, plots and characters constitutes three key elements of suspense narrative rationality, but The Daughter Who Came Back has obvious rationality defects in these three aspects.For example, the fact that Liao Suifang went to grandma Cheng Wei’s house to look for Chen Youxi’s things and glanced at the photos of Cheng Wei’s parents on the wall was not necessarily related to the narrative; As a patient in a mental hospital, it is also questionable how MengMeng got the key to a mental hospital and got in and out freely. In a suspense drama supported by solid realistic details, it is also abrupt to take the "flying butterfly" as the confirmation details of the relationship between Li Wenzhuo and Li Wenwen. On the rationality of the plot, what is criticized is why Wang Zhongjiang’s family can let anyone in and out freely, so that Cheng Wei can sneak in twice to steal blood tests and steal videos; And why was Liao Suifang so calm when she saw the obviously false report on the DNA report? Furthermore, from the character, Liao Suifang, who is so smart and careful, drank Li Chengdong’s poisonous soup defenseless before going to the Public Security Bureau in the last episode? And Chen Youxi can see that Li Chengdong lied and admitted to killing Xiaoxiu, but he was so out of control after Li Wenzhuo said he choked Xiaoxiu? And so on, all confuse the audience. This separation of details, plots and characters is a serious damage to narrative rationality.

The above-mentioned problems of "The Daughter Coming Back" are the common problems existing in the original suspense online drama of "Misty Theater". Without the adaptation of Zi Jinchen’s original novel, the creation of the original suspense narrative script of social school reasoning, the deep-seated narrative integration of social problem consciousness, the construction of typed puzzle narrative and the solid construction of logical rationality are all key issues to test the creation of local suspense online drama. How to get rid of the "sense of decoration of the times" and make people get a deep social representation of sexual sin, how to avoid the "puzzle loss" and how to form the narrative tension of audience participation in suspense narrative, and how to get solid details support through the multi-level rationality of logic, fundamentally determine how far the local original suspense online drama can go. (Author: Zheng Huanzhao, Associate Professor, School of Literature, Jinan University)

　　CCTV News:South Korean President Moon Jae in and North Korean leader Kim Jong-un held the third summit meeting between the ROK and the DPRK at the "Peace House" on the Korean side of Panmunjom on the border between the two countries today.

　　Early this morning, local time, North Korean leader Kim Jong-un and South Korean President Moon Jae in left Pyongyang and Seoul respectively for Panmunjom. At 9: 30 local time, that is, around 8: 30 Beijing time, Kim Jong-un and his party arrived at the military demarcation line and met Moon Jae in waiting there for the first time. They shook hands and exchanged greetings. At the next welcoming ceremony, the two sides jointly reviewed the traditional Korean honor guard.

　　Kim Jong-un’s inscription: New history begins now.

　　After that, the leaders of the ROK and the DPRK walked into the meeting place Peace House. Kim Jong-un wrote an inscription in the guest book before the meeting, saying, "The new history starts now, and the era of peace stands at a new starting point." After that, the two sides stepped into the venue and spoke.

　　Kim Jong-un, the top leader of North KoreaMany people hope for good results, and if we don’t follow the positive consensus and declaration reached at the previous meeting, if we don’t make this meeting an opportunity to promote our relations, we will let people down. So, what I want to say is that we should be more determined, so that we can look back on the past 10 years and say that they have not been wasted. I hope we can meet more often and solve the problems between us. "

　　South Korean President Moon Jae inI hope our dialogue will be fruitful and we can reach an agreement, so that we can present a gift to our citizens and people all over the world who look forward to peace.

　　Leaders of both sides made positive statements on promoting peace.

　　After the morning meeting, Kim Jong-un temporarily returned to the DPRK side. The ROK held a press conference and said that the leaders of the two sides made a positive statement on promoting peace on the peninsula. In the afternoon local time, Kim Jong-un once again entered the Korean side of Panmunjom to participate in tree planting activities with Moon Jae in. After that, the two sides continued to meet.

　　journalist: "With the handshake between Moon Jae in and Kim Jong-un this morning, the leaders of the ROK and the DPRK have once again achieved a historic meeting. Can the denuclearization process of the peninsula be smoothly advanced in the future, and can the DPRK and the ROK end the tense confrontation and enter a new era of peace? It is expected that the leaders’ meeting today can give an answer."

This summer, "This! As soon as the fifth season of "Street Dance" was broadcast, it ranked first in the variety list with a full-end broadcast market share of 9.28%; According to Lighthouse Professional Edition, "This! That is, Street Dance 5 was launched for 1 hour, and the market share of real-time whole-network variety feature films was as high as 45%, accounting for nearly half. In the first phase, it ranked first in the comprehensive program of the whole network.

Behind the numbers, it reflects the word-of-mouth and popularity accumulated by a program in the past five years. After five years of enthusiasm, for many viewers, the summer without hip-hop is incomplete. Last year’s fourth season, "This! It is street dance that ended the last stage with the international elite challenge. What higher level can this program go to? The audience is full of great expectations and expectations, but it is undoubtedly an unknown challenge for the program creators.

This year, "This! In the fifth season, Hip-hop didn’t choose to move forward on the established safe road, but walked out of the comfort zone, started from the "new" and focused on the growth of the new generation with a responsibility of shouldering the future development mission of hip-hop culture. Under the brand-new theme of "Battle For Hope", the program is positioned as "Training Camp for Young Dancers" and the competition system has been upgraded. The contestants have to go through the selection and elimination again and again in three months to interpret the topic of "inheritance" of China street dance.

"this! It is the three highlights of the fifth season of Street Dance:

Cenozoic, Parallel Universe, Immersion Experience

1. Focus on the new generation of street dance in the future.

The core concept of street dance in the fifth season is "youth", with a brand-new lineup of dancers and a new generation of dancers becoming the absolute protagonists of this season’s program. In the training camp for young dancers, the proportion of "post-95" dancers exceeds 90%, and 50% are "post-00". The outstanding dancers in the first four seasons are incarnated as "master groups" to escort young dancers. Street dance needs representative figures, OG (predecessors), as well as young blood and young people’s own representatives. After the launch of the fifth season, young players such as Zaizai, Zhou Yuxiang, Ang Ang, Sniper and Badd machine quickly emerged with their strength. The program not only shows young people their own stage, shows the new generation of young people’s playing methods and preferences, their wild imagination, their different personalities, but also gives them propositions and challenges, and stimulates the infinite potential of young people with the competition system.

In the first round of points elimination, young dancers competed in the form of teams for their works, 1v1 and routine battle respectively. The upgraded competition system was even more cruel, from the original "tie-break" to a battle wheel battle, and the team that took the lead in completing the cumulative points goal won. The score was tied and the battle was very fierce. Finally, with the joint efforts of all the dancers, 32 rounds of the battle were completed, which directly set a new record for the number of rounds of the Battle on the street dance stage. As the team leader, young dancer Doudou, with a waist injury, still completed the performance of her work with high quality and participated in the battle session with great pain. Doudou’s persistence greatly inspired everyone on the scene, and the team members were even more uncompromising, and they became more and more brave, becoming the ultimate winner of the battle Wheel War in the absence of one person in the team. This shows us the enthusiasm and determination of this group of young people to dance, and also feels the spiritual core of the program "Let’s be brave sometimes and pass on hope".

2. Create a new concept of street dance parallel universe.

This season’s "This! It is street dance that puts forward the concept of "parallel universe" of street dance very imaginatively. Under the guidance of this core concept, the past four seasons can be regarded as a hip-hop universe bearing the glory of yesterday. In the fifth season, it is necessary to discover and create another new hip-hop universe, a world belonging to the future, which is in harmony with the fifth season, namely, youth and rookie competition.

The parallel universe of street dance is both traditional and contemporary; It belongs to both the pioneers and the later generations. They are parallel, complement each other, and even cross each other, breaking the "uniqueness". Plurality and richness are the core essence of parallel universes.

At the same time, the parallel universe also implies another important theme: growth. The parallel universe is full of unknowns. If you are in the parallel universe, can you imagine what you might be like in another parallel universe and how to deal with sudden challenges? Whether you will make efforts to become a better you. Therefore, the highlight of this season is not the "Great God", but how a young man chooses, grows up, becomes a stronger self gradually, and even moves from obscurity to an influential international stage.

3. Multi-scene immersive new dance beauty

The concept of street dance parallel universe needs to be further grounded through the beauty of dance in the program, so this season’s beauty of dance has made a big breakthrough than before. The original ambience design of four theme streets has been replaced by two parallel universes, one representing "tradition" and taking the old school style, and the other representing "future", which is full of futuristic sense of science and technology, and the two-dimensional plane dance beauty originally used as the background has been upgraded to a three-dimensional space in an all-round way, so that dancers can better blend in and perform, and also bring the audience the immersion feeling of shuttling between different parallel worlds.

This season’s dance beauty pays great attention to the creation of atmosphere and the experience of people in the space, creating daily social life scenes that young people are very familiar with, such as basketball square, skateboarding park, campsite, game room, singing room, barbecue house and so on. In these rich and varied scenes, young people show themselves, communicate and find companions through street dance, which is also the real social state of young people at present.

It is worth mentioning that the recording site of this season’s program itself is a building with a sense of the times, and the "row column", an element with historical specificity inside the building space, has been preserved and presented by the choreographer. In the beautiful dance design of the main stage of the race, two rows of towering reinforced concrete columns lead our view to a deep place, like a tunnel of time and space, which can return to the historical scene and witness the birth of a new history. In such a unique aesthetic space, silent and exploding, two cultures with different faces and styles have a fierce collision.

When we combine the new generation, parallel universe and immersive experience, this season’s "This! It is street dance that fully reflects the characteristics of the post-Internet era and the development trend of youth group culture. With the continuous development of street dance IP, derivative interactive applications of derivative programs and social attributes have been launched. It’s hip-hop, which shows us the infinite possibilities of hip-hop. It’s a medium, a field, or a universe that seeks the coexistence of souls.

The national comprehensive sample "this! It’s street dance

Write an advanced history of national synthesis in five seasons

"this! It’s street dance, which has maintained its innovation and vitality for five seasons. From the ice-breaking in the first season, the broken circle in the second season, to the leap in the third season, and the transnational in the fourth season, we can say, "This! In four years’ time, It’s Street Dance presents the audience with an encyclopedia of street dance culture, a list of street dance celebrities, intergenerational inheritance, countless scenes, etc., and has completed a whole set of knowledge and aesthetic system structure about street dance.

Simon Lu, the general director, said frankly that although this program puts the culture of hip-hop circles at a stage where the mass communication can be perceived, it uses the resources accumulated by China hip-hop circles over the years. This year is a "hematopoietic" program, and a "hematopoietic" program is always more difficult than a consumption-oriented program. This is for sure.

Since the five seasons, this program has been embedded in the historical process of the progress and development of domestic variety shows in terms of conceptual changes and commercial expansion, and has also been continuously improved and enlarged in three dimensions.

At the level of program innovation, "This! It is street dance that has created an original and internationally recognized program model. The program firmly grasps "battle" and "Work", the two core elements of street dance, and combines the beautiful dance form with visual impact to make the charm of this culture itself visible to everyone, reflecting the creativity and value of art itself.

At the level of industry value, innovation, breaking the circle and cross-border integration. "this! It is street dance that shoulders the mission of promoting street dance culture and cultivating new dancers, and promotes the rapid development of street dance industry at home and abroad.

At the level of social value, "this! Hip-hop reflects the social responsibility of the creators and platforms, deeply resonates and connects with social reality and people’s current life feelings, and always advocates positive values. As the general director Simon Lu said, "I have always felt that making programs can’t be too light. Aside from the beauty and entertainment of the program itself, a program should also give people a sense of faith and strength. In this program, I hope everyone can see that when the younger generation encounters particularly great difficulties and challenges, they can stand up and be willing to fight. If people who watch this program are in a particularly unstable or insecure state, they can also get some encouragement from it. In short, "hope" is very important. "

The fifth season "This! The slogan of "Street Dance" is "Battle for Hope". From Peace and Love to Battle for Hope, the fifth season will become a landmark iteration of this variety show. The "Battle" spirit of hip-hop gives the program the courage to break through without setting limits, which is the inexhaustible vitality of the program. I hope this spirit can be injected into a new generation of young audiences with this national variety show and become a spiritual force that affects the growth of a generation.

Avatar 2

Time Network News In the last weekend of 2022 in North America, Avatar: The Way of Water (referred to as Avatar 2) reached 66.84 million US dollars for three consecutive championships, up 6% from last week, with a total of 424 million US dollars in North America and 1.4 billion US dollars in the world. (The data source of this article is boxofficemojo)

Last week, the North American market rose by 4% as a whole. The runner-up Cat in Boots 2 and the runner-up Panther 2 rose by 31.2% and 38.3% respectively from last week.

Let’s briefly summarize the North American market in 2022. Last year, the box office in North America was estimated to be 7.37 billion US dollars (50.8 billion RMB), up 64% from last year’s 4.48 billion US dollars, but it was still far from the pre-epidemic level. In 2019, North America reached 11.4 billion US dollars.

In 2022, North America mainly relied on the summer file led by the prequel of Top Gun 2 and Jurassic World 3’s Little Yellow Man with Big Eyes: Despicable Me, and the market began to slump in September until the release of Avatar: The Way of Water.

This year, the total box office in North China was converted into RMB 50.8 billion, 70% higher than the 30 billion in, and it became the largest movie market in the world again.

In the last weekend of 2022, North America mainly relied on Avatar 2, which rose by 2% month-on-month in the third week, even better than the performance of Avatar, which fell by 9.4% in the third week 13 years ago. Of course, this downturn has something to do with the overall market rise. North America was hit by a snowstorm on Christmas weekend, and many viewers delayed their plans to enter the cinema.

Battle for the annual crown

The American media estimated that the box office of the film will exceed 440 million dollars on January 2, and it will be three times as big as the opening box office in the third week, while the box office of Top Gun 2 will be 395 million dollars in the third week. Avatar 2 seems to have the possibility of surpassing Top Gun 2 in the North American market and winning the annual title in North America.

In the international market, "Avatar 2" rose 4% from last week, with a global total of $1.397 billion, surpassing "Harry Potter and Under the Deathly Hallows" and becoming the 15th movie in the global film history.

The film’s performance in Britain and Japan was average, but it was a big hit at the box office in France, South Korea and India, and the film also exceeded RMB 1 billion in the mainland market of China. Top Gun 2 has a global box office of $1.49 billion, and Avatar 2 is likely to top the global box office in 2022 this weekend.

Cat in Boots 2 grossed $134 million worldwide.

The box office of "Cat in Boots 2" began to stabilize. In the second week of its release, it rose 35% month-on-month and won the runner-up of $16.78 million, with a total of $60 million in North America and $134 million in the world.

In the eighth week of its release, Panther 2 earned 4.83 million US dollars, up 38.3% from the previous month. The cumulative US$ 437 million in North America surpassed the US$ 411 million in Doctor Strange 2, becoming the runner-up in North America in 2022, and the global cumulative box office was 820 million US dollars.

Whitney Houston’s biopic "Dancing with Love" ranked fourth in the second week of its release, with a total of $4 million, down 16.1% from the previous month, with a total of $14.62 million in North America and $28.57 million worldwide.

The annual box office tragedy "Babylon" ranked fifth with $2.6 million in the second week of its release, down 27.8% from the previous month, with a total of $10.09 million in North America. The overseas market has not yet been widely opened.

The action comedy "Night of Violence" ranked sixth with 2.11 million US dollars in the fifth week of its release, and the film accumulated 47.5 million US dollars in North America and 73.36 million US dollars in the world.

Look at the performance of the film in the awards season:

The Dreamweaver has not been widely released.

"Whale" was shown in 623 theaters, with a total of 6.19 million US dollars in North America.

Spielberg’s Dreamweaver was shown in 1149 cinemas, with a total of 12.57 million US dollars in North America and 13.14 million US dollars worldwide.

Tal was shown in 45 theaters, with a total of $5.59 million in North America.

"Women’s Talk" was shown in 8 theaters, with a total of $148,000 in North America.

This week’s new film

"Doll Megan" horror/thriller global release

Starring: Violet McGraw, Allison Williams

Plot: The story focuses on a talented robot expert of a toy company. He developed a doll M3GAN with AI and programmed it to establish an emotional connection with her newly orphaned niece, but the doll’s excessive desire for protection led to terrible results.

Special feature of 1905 film network If you could have a "sweet dream day trip", which day would you choose?In a movie that created a box office myth.The Dream FactoryIn the room, absurd and funny wishes reflect the epitome of all kinds of people in society.

This film, which was broadcast at 13:55 on June 7th, was called the French version of "Party A and Party B" by many China audiences.Sweet dreams and a day trip, in French romance, in a relaxed and humorous way and teasing tone, the goal is to point to love.

The warm yellowed tones render an obvious sense of romance and fantasy. However, the film does not simply express a beautiful emotional experience, but reveals the other side of married life for people under a seemingly beautiful shell.

Nicola Beddoes, a director who loves to discuss marriage, made a private "crossing" trip in the high-concept romantic comedy A Sweet Dream Day, exploring marriage and life under the crisis of middle age.

Victor, the leading actor, is played by Daniel Auteuil, a French acting actor. His reserved performance style has won him the Best Actor Award at Cannes International Film Festival and the French film César Awards for many times.

Daniel Auteuil is similar in age to Victor’s character in the film, perhaps out of empathy for Victor’s middle-aged marriage dilemma. After reading the script of Sweet Dreams, he immediately agreed to play the role of Victor.

Marianne, the heroine, is fanny ardant, who is called "Truffaut’s last muse". Her energy, courage and enthusiasm are no different from Marianne’s free and easy posture.

With the advent of the Internet age, Victor, a cartoonist who was once a smash hit, lost his place. Unwilling to keep up with the trend of the times, he gradually lost his enthusiasm for life and gave up on himself.

On the contrary, Marianne, a wife who is full of freshness and enthusiasm for life, is getting more fashionable as she gets older and younger as she lives.The old couple, who have been married for more than 40 years, are also drifting away because of their different life concepts, which makes their marriage light up.

With the help of his son and friends, Victor, disheartened, picked up a "time-space experience coupon" given to him by his son and decided to accept the mysterious experience provided by "Recalling the Beautiful Company":

Build a realistic scene through movie props, enter the artificially created past time and space of "Dream Day Tour", and go back to the day when I met my wife in a bar in 1974.

At first, Victor was not completely immersed in it. The encounter with the young actress Margot (played by Doria Thillier) made Victor feel the long-lost youth, which made him fall into it.

As he became more and more involved in the drama, the boundary between "virtual" and "real" gradually blurred, and Victor gave Margot, a young actress who played Marianne, more encouragement to break through morality.Victor’s changes in love mood are also peeled off layer by layer.When the passion of the past is gone, how can love and marriage last?

Unlike most movies that praise the romance and beauty of love, A Sweet Dream Day Tour does the opposite. It tells the cruelty of time with romantic filters and exposes the cruelty of love and the complexity of human nature with absurd romantic stories.

"You don’t even know who I am. I’m just a draft, a line, a fragment of the woman you love, because I think you love her. Although you are drifting away from her, you say that she has changed, but you have also changed. Instead of pursuing her in your memory, it is better to explore her beauty, sadness and unknown, starting from this moment. We can’t change others into what we like, we can’t control everything, we must accept disappointment, criticism, ruthlessness and no passion, otherwise we will never go on. No matter how perfect the draft is, it is not real life. "

With the help of Victor’s story of traveling through a time machine, Sweet Dreams suggests that life is not a fairy tale, not every story will eventually have the best ending, and marriage and life in reality have always had five flavors.mixedChen.

At the same time, crossing to 1974 is also of unusual significance to the founders.Nicholas Beddoes, born after 50, entered the film industry at this time.Fanny ardant, the heroine, took the stage that year.

In the 1970s and 1980s, France was in a period of rapid economic development, people’s living standards were greatly improved, and various popular cultures such as movies and music were even more splendid. Whether for the French, the creator or the generation of Victor in the film, the 1970s and 1980s were the golden age in their hearts.

Whether it is the original film title "LaBelle époque" or a large number of nostalgic golden songs and retro fashions appearing in the film, it is full of memories of the good times. The director prepared a time-travel memory for himself while traveling through time for the characters in the play.

There is no time machine in the world after all.Instead of bemoaning and a moment that ought to have lasted for ever and has come and gone before I knew, it is better to live in the present and open a better future.Today, at 13:55, the movie channel will broadcast the French movie "A Sweet Dream Day Tour" for you to find your true love.

　　It takes 23 days from the submission of the application materials to the issuance of the trial by the CSRC. The IPO of Beijing-Shanghai High-speed Railway Co., Ltd. (hereinafter referred to as "Beijing-Shanghai High-speed Railway") has been experienced in the A-share market with an average initial review period of 9 months and nearly 400 companies waiting in line for listing, which truly shows a "high-speed railway speed".

　　The prospectus published by the Beijing-Shanghai high-speed railway on October 25, 2019 is 578 pages long, but it has not achieved many disenchantment functions. On the contrary, several "myths" have been added — — For example, there are only 67 employees who are retired, rehired and seconded, and the per capita assets under management are 2.792 billion yuan; More than 50 million train tickets are sold every year, with an average gross profit of 124 yuan per ticket; The company has a long-term loan of more than 20 billion yuan, and the annual interest expense is more than 1 billion yuan, but it is all credit loans without any collateral … …

　　Up to now, the Beijing-Shanghai high-speed railway has been operating safely for more than 8 years, sending 1.1 billion passengers. From the perspective of income, profit and large-scale operation level, Beijing-Shanghai high-speed railway is a well-deserved "golden route". Railways and trains seem to be ordinary means of transportation, but considering their important position in the national economy, many countries in the world have regarded them as the key carriers of economic and political games. In the second half of the 20th century, in order to introduce competition and stimulate development, the railway systems of the United States, Japan, Britain, France, Germany and other countries have experienced long and arduous commercial reforms. In the process of losing its state-owned color, the railway has also produced many innovative operating ideas and commercial products such as "separation of network and transportation" and "Shinkansen".

　　It is not easy to open China railway system with market mechanism. As we all know, in the past, the management and operation of the railway system in China has long concentrated the power of administrative examination and approval, road network and transportation management in the Ministry of Railways. Until around 2000, China started the railway reform, and the Ministry of Railways was divided into the State Railway Administration, which is mainly under administrative supervision, the China State Railway Group Co.,Ltd., which is mainly under the management of several local railway bureaus, and various franchised companies.

　　According to the prospectus, through this IPO, the Beijing-Shanghai high-speed railway hopes to raise up to 50 billion yuan. If the target is achieved, the Beijing-Shanghai high-speed rail will become the sixth largest IPO project in the history of A shares. It is also a phased product of the combination of national will and technological innovation after a long process of exploration, and it bears a crucial mission of China’s railway market-oriented reform: it must be broken in the link of "commercialization verification".

Beijing-Shanghai high-speed rail is the most profitable high-speed rail line in China.

　　Double definitions of "golden route"

　　The idea of Beijing-Shanghai high-speed railway can be traced back to a series of internal discussions in the 1980 s. In 1990, the former Ministry of Railways assembled all the early studies into the "Concept Report of Beijing-Shanghai High-speed Railway Line Scheme", and formally put forward the idea that "China should also build high-speed railway". It was not until April 18, 2008 that the entire Beijing-Shanghai high-speed railway was officially started, and it was completed and opened to traffic on June 30, 2011.

　　In the project proposal approved by the State Council in 2006, it was mentioned that the total budget of Beijing-Shanghai high-speed railway would exceed 160 billion yuan. However, in the feasibility study report released one year later, the construction budget rose to 220.94 billion yuan, equivalent to a cost of 167 million yuan per kilometer. This also makes the Beijing-Shanghai high-speed railway the infrastructure project with investment scale second only to the Three Gorges Dam since the founding of New China.

　　80% of the lines have to be carried by new viaducts, and the demolition costs involved along the way are the main reasons for the high construction cost of Beijing-Shanghai high-speed railway. The cost of land acquisition and demolition in seven provinces and municipalities directly under the central government across the Beijing-Shanghai high-speed railway was not confirmed by audit until 2015. According to the contents of the prospectus of Beijing-Shanghai high-speed railway, the total cost of land acquisition and demolition reached 37.099 billion yuan. In addition, according to the prospectus, the construction capital of high-speed railway station reached 1.94 billion yuan.

　　These upfront investments were later directly realized in the form of capital into the shares of provinces and cities along the way in the Beijing-Shanghai high-speed railway company. At present, in addition to the above-mentioned local shareholders, the other three major shareholders of Beijing-Shanghai High-speed Railway are China Railway Investment Co., Ltd. (which invested 60.3 billion yuan when it was launched, holding 49.76%), Ping An Asset Management Co., Ltd. (which invested 16 billion yuan when it was launched, holding 11.44%) and National Social Security Fund (which invested 10 billion yuan when it was launched, holding 7.15%).

　　At the initial stage of operation, the Beijing-Shanghai high-speed railway is often compared with the "Beijing-Shanghai Express" route invested heavily by Air China, China Eastern Airlines and other airlines, because both of them connect the transportation services of the two most important cities in China. In fact, the difference between them is very obvious — — The Beijing-Shanghai express line is only to realize the rapid direct connection between business travelers in Beijing and Shanghai, and the Beijing-Shanghai high-speed rail is of great significance to the population flow and regional economy in the areas covered by the site.

　　A working paper (summary paper) published by the World Bank in 2014 also confirms this view — — The Beijing-Shanghai high-speed railway is 1318 kilometers long, but the proportion of passengers who take the whole Beijing-Shanghai high-speed railway line from beginning to end is not as high as expected, and the average ride distance is actually about 500 kilometers. If you start from Shanghai, this number can reach Bengbu City in Anhui Province. Starting from Beijing, you can reach Tai ‘an City in Shandong Province.

　　The total population living in provinces and cities along the Beijing-Shanghai high-speed railway accounts for 27.3% of the national total. The labor force can flow quickly and conveniently, which is conducive to promoting the economic development of provinces and cities along the high-speed rail. In another research report, the World Bank calculated the GDP of Dezhou and Jinan in Shandong Province in 2010, and concluded that the Beijing-Shanghai high-speed railway boosted the GDP of these two cities by 0.67% to 1.39% and 0.36% to 0.75% respectively in 2015.

　　This may be one of the most intuitive explanation cases of "when a train rings, there are two thousand gold".

　　China version of "separation of network and transportation"

　　A high-speed railway itself is a valuable fixed asset, plus station buildings, electrical equipment, land use rights and a small amount of cash along the line that can be estimated — — These constitute most of the assets of the listed Beijing-Shanghai high-speed rail company. The train assets running on this railway belong to the three local railway bureau groups of Shanghai, Jinan and Beijing along the Beijing-Shanghai high-speed railway.

　　Based on the above division of assets, the relationship between Beijing-Shanghai High-speed Railway Company and railway bureaus along the line is generally a so-called "entrusted transportation" cooperation relationship, that is, the road network company entrusts railway bureaus with trains and workers to complete transportation services. In the transportation industry, this model is called "separation of network and transportation".

　　The idea of "separation of network and transportation" is to separate the railway network infrastructure with resource monopoly from the railway passenger and freight transportation with market competitiveness by setting up their own companies to operate. Its value lies in promoting the maximum utilization of road network resources with the help of increasingly flexible market-oriented passenger and cargo transportation business.

　　Germany is one of the representative countries that implement railway "separation of network and transportation". In addition to the state-owned Deutsche Bahn, there are currently more than 400 private railway operators who can use the German railway network, achieving full competition in the freight and short-distance passenger transport markets.

　　Theoretically, Beijing-Shanghai high-speed railway, as a road network company, has the right to collect the road network service fee from the railway bureau to which the trains operating on the road network belong — — Simple understanding is "toll", but the ticket revenue and the revenue generated by various services on the train belong to several local railway bureaus. In the prospectus, the Beijing-Shanghai high-speed railway directly refers to the local railway bureau as its "customer".

　　This situation is similar to that of long-distance buses running on expressways — — Whether it is empty or full, the highway company will charge the same toll; However, the passenger’s ticket money is handed over to the bus operating company, so what the passenger transport company needs to consider is to improve the attendance rate by improving the service experience, thus driving the continuous growth of ticket revenue.

　　The Beijing-Shanghai high-speed railway finally implemented a more complicated mode of "separation of network and transportation". As a result, the company not only collected tolls from the local railway bureau, but also had a part of the direct income of train tickets.

　　According to the prospectus, the Beijing-Shanghai High-speed Railway Company has signed the Agreement on Train Undertaking of Beijing-Shanghai High-speed Railway with Shanghai Railway Bureau, Jinan Railway Bureau and Beijing Railway Bureau, and the Beijing-Shanghai High-speed Railway has the service management right of "local trains", so it can obtain the ticket income of these trains.

　　The definition of "local train" by Beijing-Shanghai High-speed Railway is "a train running on the Beijing-Shanghai High-speed Railway, which starts and ends". Simply explained, the starting station and the terminal station of the train are all stations in a city along the Beijing-Shanghai High-speed Railway, such as Beijing to Nanjing, Jinan to Xuzhou and Tianjin to Shanghai.

　　For the trains on this line, the local railway bureau is the "entrusted service provider" of Beijing-Shanghai high-speed railway company, and its main income items are the train rental fee and entrusted service management fee paid by the latter (all train service personnel belong to the local railway bureau); At the same time, the local railway bureau does not have to pay "tolls" to the railway bureau.

　　The opposite of "local train" is "cross-line train", which refers to those trains whose starting station or terminal station is not on the Beijing-Shanghai high-speed railway, but will pass through (use) a certain section of the Beijing-Shanghai high-speed railway. For example, the high-speed trains from Zhengzhou to Nanjing or Beijing to Hangzhou are all over-the-line trains. For cross-line trains, Beijing-Shanghai High-speed Railway Company only participates in the operation as a simple road network operator, and collects "toll" from the local railway bureau to which the train belongs, and all the fare income belongs to the latter.

　　The combined "separation of network and transportation" that "the road network company collects both tickets and tolls" around the operation of Beijing-Shanghai high-speed railway is full of China characteristics. In other words, this is a phased achievement in the long journey of railway reform in China.

　　In fact, along with it, the discussion on the advantages and disadvantages of "separation of network transportation" in the industry has never stopped. On the one hand, this model is recognized, because it faces the intertwined railway operation system from the system. First, it makes a complete cut of "road network resources" and "transportation services". However, it is difficult to see the possibility of introducing other market-oriented railway operation service providers in the short term, so after the above-mentioned cutting, the process reengineering is still implemented among various state-owned companies, which increases the transaction cost and is a negative impact on improving system efficiency.

　　Balanced performance space

　　After the disclosure of the prospectus of Beijing-Shanghai high-speed rail, the outside world marveled at its annual income scale of more than 30 billion yuan. At present, the company’s "local business" and "cross-line business" revenue accounts for basically the same proportion. In the business model, these two parts of income correspond to completely different indicators and models.

　　The income of the "local train" is the fare, and the two indicators that affect the income are the total number of passengers sent and the average fare paid by passengers. However, the prospectus of Beijing-Shanghai high-speed railway does not directly disclose the average passenger fare, but only discloses the passenger transportation data such as the total number of trains sent, the number of passengers sent, the load factor and the passenger turnover during the reporting period.

　　The main factor that affects the income of "cross-line trains" is the number of trains that purchase services from the road network. According to the prospectus, since the Beijing-Shanghai high-speed railway line is connected with many high-speed railways such as Jingha, Taiqing and Shanghai-Kunming, and the hub stations along the line are mostly traffic hubs in the eastern region, with the gradual improvement of the high-speed railway network, the corresponding cross-line train income has also increased.

　　Since 2016, the actual controller of Beijing-Shanghai high-speed rail — — China Railway Corporation, the predecessor of China National Railway Group Co., Ltd. (hereinafter referred to as "China State Railway Group Co.,Ltd."), has the "pricing power" for high-speed rail, and can implement certain fare fluctuations according to factors such as market competition and passenger flow distribution. In the past few years, although there have been preferential discount tickets for high-speed rail and bullet trains as a whole, the fares of key lines represented by Beijing-Shanghai high-speed rail have remained unchanged for many years.

　　A more noteworthy variable is that in recent years, with the introduction of the "Fuxing" train with faster running speed, the opening of long-formed trains that can accommodate more passengers, and the adjustment of the proportion of trains with various formation sizes, the annual total number of passengers sent by trains on this line is steadily increasing, but the daily average number of trains on this line is declining.

　　This idea of small-scale adjustment is believed to continue in the next year or two and become an important variable affecting the company’s revenue and gross profit growth. On the premise that the ticket price is relatively constant, CBN magazine calculated the annual revenue and gross profit growth range of Beijing-Shanghai high-speed rail in the future. Under optimistic circumstances, it is estimated that the annual growth rate of its revenue will reach 9.34% and the gross profit will increase by 7.55%. Even in a relatively pessimistic situation, the performance can remain stable.

　　The core asset of Beijing-Shanghai high-speed railway company is the high-speed railway network. Considering the minimum train tracking interval, train speed and other factors, its overall capacity has a theoretical upper limit. In order to maximize the growth of revenue and profit, the company should actually consider how to balance the proportion of local cars and cross-line cars.

　　In the routine inquiry of the CSRC about the prospectus of Beijing-Shanghai high-speed rail, one question is to ask the company to explain whether the second line of Beijing-Shanghai high-speed rail may form a major horizontal competition relationship with the existing business. As the bidding for related design projects was publicized, the second line of Beijing-Shanghai high-speed rail, which is still in early planning, happened to catch up with the "hot spot" of listing of Beijing-Shanghai high-speed rail. In order to alleviate the transportation pressure of Beijing-Shanghai high-speed rail, the National Development and Reform Commission announced the development plan of the future high-speed rail in July 2016, and the "Beijing-Shanghai Passage" part involved is the Beijing-Shanghai Second Line. Except the origin and destination stations and Tianjin section are consistent with the current Beijing-Shanghai line, Weifang, Linyi, Huai ‘an, Yangzhou and Nantong on the Beijing-Shanghai second line are all closer to the east coast of China. These two railway lines connecting Beijing and Shanghai will become an important part of the "eight verticals and eight horizontals" long-term planning of China railway network in the future. As more high-speed rail lines are built and merged into the existing network, the utilization rate of the existing Beijing-Shanghai high-speed rail line will further increase, but the cost will decrease according to the marginal effect, thus gradually pushing up the gross profit margin.

　　Close to "big profit"

　　In the railway industry, there are so-called "small profits" and "big profits". "Small profit" means that income can offset operating costs, such as labor, energy, depreciation, etc. The "big profit" is based on the investment in railway construction, such as loan interest and principal.

　　Due to the huge construction cost, in addition to the capital invested by the company’s shareholders, high-speed rail projects often rely on a large number of debt financing to fill the gap. When the Beijing-Shanghai high-speed railway was built, 50% capital and 50% loans and bonds were used to cover the upfront cost of 220 billion yuan. According to the prospectus, as of the end of the third quarter of 2019, the Beijing-Shanghai high-speed railway still has a total of 21.807 billion yuan of long-term loans, of which 1.5 billion yuan will expire within one year; It is estimated that in the whole year of 2019, the company will still have to pay more than 1 billion yuan in interest on the loan.

　　For the Beijing-Shanghai High-speed Railway Company, there is a relatively objective profit margin for ticket and road network revenue. According to the prospectus, the current interest guarantee multiple (editor’s note: earnings before interest and tax’s interest expenditure, which is used to measure the company’s basic ability to repay loans) is 16 times. In addition, the company repaid 7.5 billion yuan of long-term loans in advance in 2016, so it is quite promising to achieve the "big profit" goal of "paying interest and repaying principal".

　　But this is only the result of independent inspection of high-speed rail operating companies. Because of the close cooperation between the high-speed rail operating company and the railway bureau, it is difficult to analyze it independently in daily operation, so the influence of the railway bureau should be considered when investigating the overall operation of the high-speed rail line.

　　The prospectus of the Beijing-Shanghai High-speed Railway also disclosed some operation data of 18 railway bureaus under the jurisdiction of China State Railway Group Co.,Ltd.. Among the three railway bureaus in Beijing, Jinan and Shanghai involved in the line, in 2018, only the Shanghai Bureau had a profit of 1.7 billion yuan, the Jinan Bureau suffered a slight loss, and the Beijing Bureau had a loss of 6.139 billion yuan. The income and profit level of the specific line were not disclosed. And China State Railway Group Co.,Ltd.’s total debt level has stabilized at more than 5 trillion yuan.

　　According to the report "China’s High-speed Railway Development" released by the World Bank in mid-2019, if the overall profitability of the lines composed of "corresponding investment from operating companies and railway bureaus" is investigated, many lines with a design speed of 200-250km/h in China can hardly achieve the operation goal of "small profit" at the initial stage of opening. After the line is opened for 10 years, the principal and interest pressure has been significantly reduced, and more than half of the lines with a design speed of 300 to 350 kilometers per hour can achieve "big profits" at the existing passenger traffic level.

　　Of course, there is also the debt borne by local governments for the introduction of high-speed rail. In order to implement the relevant demolition funds, local governments rely heavily on bank loans in addition to using financial funds, which actually further increases their own burden. In 2018, the Development and Reform Commission issued special guidance to warn individual places of the hidden debt risk under the "high-speed rail effect".

　　In the face of such an overall situation of the industry, as a star company entity with annual profits and dividends, IPO financing of 50 billion yuan and "promoting the reform of railway joint-stock system", the economic value of Beijing-Shanghai high-speed railway is remarkable, but it is impossible to copy it.