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National Day Mid-Autumn Festival Travel Guide Released The number of domestic tourists is estimated at 710 million.

  BEIJING, Sept. 19 (Xinhua)-The website of the National Tourism Administration released the 2017 National Day Mid-Autumn Festival Holiday Travel Guide on the 19th. The guide mentioned that it is estimated that the number of domestic tourists will reach 710 million from October 1 to October 8, and the domestic tourism revenue will reach 590 billion yuan. It is estimated that the number of domestic tourists and tourism revenue will increase by 10% and 12.2% respectively from October 1 to October 7 compared with the same period of last year.

  The main contents of the guide are as follows:

  First, the holiday tourism market forecast

  National Day and Mid-Autumn Festival are happy to meet each other, and the superposition of holidays constitutes a "super holiday" of up to 8 days. According to the survey of residents’ willingness to travel in the data center of National Tourism Administration, residents’ willingness to travel in the fourth quarter was 82.6%, of which 64.8% chose to travel during the National Day and Mid-Autumn Festival until the end of October. It is estimated that the number of domestic tourists will reach 710 million from October 1 to October 8, and the domestic tourism revenue will reach 590 billion yuan. It is estimated that the number of domestic tourists and tourism revenue will increase by 10% and 12.2% respectively from October 1 to October 7 compared with the same period of last year. The holiday tourism market will present the following trends:

  1. Two-section superimposed heating long-distance tourism

  "Super Holiday" makes residents go out, especially for long-distance travel in China. According to the survey, 48.9% of the respondents traveled for 4 to 7 days during the National Day and Mid-Autumn Festival holidays, and 17.6% traveled for 7 to 30 days. Affected by the BRICS meeting, traveling to Xiamen is very popular. According to Ctrip. com’s travel booking data, Sanya, Beijing, Kunming, Lanzhou, Xiamen, Urumqi, Guilin, Lijiang, Xi ‘an, Shanghai and other destinations are popular, and the heat in the northwest and southwest is not diminished.

  2. Consumption upgrading promotes outbound tourism

  Affected by the continuous upgrading of mass tourism consumption, the relatively stable international situation and the high exchange rate of RMB against the US dollar, outbound travel will usher in a small peak. According to the survey, 16.4% of the respondents chose to travel abroad during the National Day and Mid-Autumn Festival holidays, and 20.9% chose to travel to Hong Kong, Macao and Taiwan. According to the travel booking data of Tuniu. com, Xinmatai, Indonesia, Singapore, Cambodia and Viet Nam are the most popular short-term destinations, while the United States, Canada, Australia, France and Egypt are the most concerned about the long-term destinations, and the routes to Eastern Europe and africa tour have become the new highlights of outbound tourism.

  3. Free travel leads the surrounding tourism

  In the era of mass tourism, with the upgrading of tourism consumption, tourists pay more attention to the quality of tourism. According to the survey, 54.3% of the respondents chose to organize their own trips during the National Day and Mid-Autumn Festival holidays. From the perspective of product demand, natural scenery, historical sites and theme parks are the most interesting destinations for free travellers. From the perspective of travel distance, free travellers mainly drive by car in short and medium distances, and leisure and holiday tours in rural areas around the city are more popular.

  4. Different needs promote theme tourism

  Different groups of people present diversified tourism needs. According to the booking data of flying pig travel and the tourists’ comments collected by public opinion monitoring Room Tourism Big Data Center of People’s Daily Online, among the outbound tourists during the National Day and Mid-Autumn Festival, the proportion of consumers aged 23 to 34 reached 50.9%, and most of them were free or semi-free. Domestic tours are mainly family trips, and cities with large theme parks are the most popular destinations for autumn tours, such as grasslands and ecology. Museums of history and humanities, ocean parks, zoos, theme parks and cruise tours are the first choices for family tourists.

  5. Cultural tourism activities sing folk tourism.

  October 4th coincides with the Mid-Autumn Festival. For people who want to have a family reunion and travel abroad, celebrating the Mid-Autumn Festival and enjoying the moon during their travel has become a new highlight of holiday travel. Featured tourism products such as moon viewing, tide watching and seafood tasting built around "tourism+culture", "tourism+folk customs" and "tourism+food" are deeply loved by the public, and leisure experience activities with local characteristics such as autumn viewing in the west, climbing mountains in autumn, skiing in the ancient capital of Beijing, and seaside beaches are the most popular.

  Second, the holiday destination selection strategy

  In the face of the dazzling array of tourist routes and foreseeable peak passenger flow in the holiday tourism market, how to choose to maximize the sense of tourism experience and satisfaction is suggested to adopt the following four principles:

  1. Enjoy the fun of rational travel

  Rationality makes tourism return to the origin of happiness. In the era of mass tourism, the demand for tourism has increased rapidly, and it broke out again during holidays, forming a tidal wave of passenger flow. Visitors should have a clear understanding of the impact of peak passenger flow on personal experience and be rational when participating in holiday travel. Before traveling, we should put an end to the mentality of comparison, enjoyment and perfection, and choose reasonable routes and products. During the journey, we should be rational and optimistic, not blindly pursue the maximization of personal travel, and reserve reasonable experience space for others. When encountering unintentional bumps, crowded queues, taking pictures and grabbing pictures, we should maintain courtesy and restraint. When you feel irritable and angry during the journey, you can focus on the distant scenery and let your mind calm down.

  2. Don’t worry about going out at the wrong peak

  Traveling at the wrong peak will effectively improve the travel experience. First, the peak time is wrong. Most domestic popular tourist destinations show a trend of "high in the middle and low at both ends". Arranging a short trip two days before or the last day of the holiday will alleviate the travel congestion. For example, if you go to an expected popular area, you can arrange a trip the day before the holiday. The second is the peak traffic. Near the holiday, local traffic departments will issue road network tips to predict and monitor road congestion, so that the majority of self-driving tourists can pay attention to it and choose driving routes scientifically. For long-distance travel, the railway and civil aviation routes to large cities a few days before the holiday and to small and medium-sized cities in the next few days are relatively loose, which can avoid the peak passenger traffic.

  3. Get cold and avoid heat to enjoy the beautiful scenery

  Some emerging tourist routes and destinations have not received much attention, and some popular tourist routes and destinations have entered the relatively off-season. Choosing to go during holidays will greatly improve the quality of tourism and enrich the connotation of travel. For the convenience of tourists, some provincial (city, district) tourism authorities have compiled a list of unpopular tourist routes and destination keywords for reference according to the holiday tourism situation in the same period over the years.

  4. It’s more leisurely to travel long distances.

  Take a vacation to a distant place and enjoy a unique holiday. On-the-job staff tourists who usually have insufficient discretionary time can negotiate with their units, combine paid annual leave with National Day holiday, Mid-Autumn Festival holiday and weekend holiday to form a long holiday, and choose a longer and farther travel destination or a unique in-depth travel route to avoid peak passenger flow and enhance the travel experience.

  The Tourism Bureau issued holiday travel tips to remind tourists of the following precautions:

  1. Have a pleasant journey and don’t forget safety.Pay attention to the weather changes at the destination, and make preparations for wind, lightning and rain. Pay attention to traffic safety, check vehicles in advance to avoid failure on the way. Pay attention to food safety, eat fresh food and stay away from unusual ingredients. Pay attention to property safety, separate property and put your backpack in front of you. Pay attention to personal safety and don’t blindly participate in high-risk tourism projects. Before traveling, buy a travel accident insurance for yourself and your family.

  2. Travel all the way with civilization.When traveling, everyone should be a follower, supervisor and advocate of civilized tourism. Abide by the laws and regulations, public order and social morality of tourist destinations. Respect local customs, cultural traditions and religious beliefs. Cherish the natural environment, do not litter, and do not harm vegetation. Protect cultural relics, don’t graffiti on buildings, and don’t carve words in scenic spots. Pay attention to being polite, respectful and helpful. Advocate healthy entertainment and resist feudal superstitions.

  3. Beware of infringement and reasonable rights protection.Tourists should establish a sense of rights and reasonably safeguard their legitimate rights and interests. Choose a regular travel agent and pay attention to check whether the travel agent has business qualifications. Sign a standardized tourism contract uniformly printed by local tourism authorities, and carefully check the terms. Remember that you have the right to know and choose about the arrangement of shopping and other paid activities, and refuse to force consumption or bundle consumption. When spending, you should ask for an invoice. No matter whether you participate in shopping, accommodation, sightseeing, entertainment and other activities, the invoice is the only proof of payment. When infringement is suspected, we should rely on all kinds of appeal channels to defend our rights reasonably and legally, and should never assert our rights and interests without restrictions or take excessive rights protection actions.

  4.12301 Intimate guardian waiting to talk.12301 is a national tourism service hotline, which provides tourism services for tourists and enhances their travel experience through all-media interaction. You can call 12301 for help when you need to consult on tourism matters, complain about tourism rights protection, and need rescue in case of tourism emergency. If it is inconvenient to defend rights during the trip, you can keep relevant evidence and seek a solution after returning.

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[A New Five-year Chronology with Concentric Petals] The beautiful scenery of "Lotus Pond and Weihai" in Baiyangdian reappears, and xiong’an new area’s "Millennium Forest and Wanqingbo" is worth lookin

  CCTV News: (Reporter Liu Wei)Baiyangdian Lake in midsummer, with lotus flowers, red reeds and green seas, rippling blue waves and cruise ships. Stroll on the wooden plank road of Xin ‘an North Dike in Baiyangdian to see the reappearance of the beautiful scenery of the "Lotus Pond and Weed Sea", and board the viewing platform to see the lush &hellip of the "Millennium Xiulin" Daqing River in Lin Yuyu; …

Photography: Liu Wei

  On August 3rd, the online theme activity of "Concentric and Collaborative Five-Year Spectrum" entered xiong’an new area, Hebei Province, and today it is destined to be a "high-value" encounter.

  Blue and green interweave, which is the background color of xiong’an new area.

  "The Millennium Xiulin is greener, the exhibition industry is transformed to control pollution, the aquaculture water is cleaned up, and the blue sky is controlled by the environment". Every step of xiong’an new area adheres to ecological priority and green development.

Photography: Liu Wei

  Mr. Sun from Hangzhou told the CCTV reporter that this was his first visit to Baiyangdian and he was shocked by the "beauty of the atmosphere" here. "The beauty of Hangzhou is ‘ Xiaojiabiyu ’ , the beauty here ‘ Endless ’ 。” He also deliberately went boating in Baiyangdian to enjoy this "lotus pond and reed sea".

  According to Cheng Gang, deputy director of the Bureau of Ecology and Environment of xiong’an new area, this year xiong’an new area will continue to fully implement ten major projects, including urban pollution control, rural pollution integration control, aquatic livestock breeding pollution control, tourism and catering pollution control, agricultural non-point source pollution control, industrial pollution comprehensive control, lake ecological control and restoration, comprehensive regulation of rivers entering the lake, treatment of polluted pits and ponds and black and odorous water bodies, and ecological protection and utilization, so as to fight a tough battle for Baiyangdian ecological environment control.

  Millennium Forest City is the future of xiong’an new area.

Photography: Liu Wei

  It is understood that since the construction of the Millennium Xiulin Project was started in November 2017, xiong’an new area has completed afforestation in the first area of Daqinghe forest (the original plot No.9), 100,000 mu of forest for both seedling and landscape, afforestation in autumn of 2018 and afforestation in spring of 2019, with more than 170,000 mu of newly planted trees, nearly 200 species selected and more than 12 million seedlings planted.

  Different from the traditional urban afforestation, the "Millennium Xiulin" in the new area is mainly a near-natural forest, and it is also a "smart" forest. Each tree has its own QR code. Through the development of Xiong ‘an Senlin big data system APP and construction management platform, the whole life cycle management of seedlings is carried out, thus creating a digital forest. Each tree corresponds to the change of digital city, turning thousands of trees into the beginning of Xiong’ an’s thousand-year memory.

Photography: Liu Wei

  Surrounded by forests in the north and wetlands in the south, the city is in the forest, people are in the scenery, birds are singing and flowers are fragrant, and people are in harmony with nature. It is worth looking forward to.

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Good! Meet the reasonable financing needs of real estate enterprises with different ownership equally

  China Securities Network News (Reporter Yu Xiangming) According to china construction news WeChat WeChat official account News, on the morning of January 26th, the Ministry of Housing and Urban-Rural Development held a deployment meeting of urban real estate financing coordination mechanism. Party Secretary and Minister Ni Hong attended the meeting and stressed that the spirit of the Central Economic Work Conference should be thoroughly implemented, the coordination mechanism of urban real estate financing should be accelerated to take effect, the development and construction of real estate projects should be supported, the reasonable financing needs of real estate enterprises with different ownership systems should be met equally, and the stable and healthy development of the real estate market should be promoted.

  The meeting pointed out that the establishment of urban real estate financing coordination mechanism is an important measure to implement the decision-making arrangements of the CPC Central Committee and the State Council, meet the reasonable financing needs of real estate enterprises with different ownership equally, and promote a virtuous circle of finance and real estate. The people’s governments of cities at or above the prefecture level should effectively play a leading and coordinating role, quickly establish and operate this important mechanism, timely judge the local real estate market situation and real estate financing needs, strengthen overall planning, refine policies and measures, build a communication platform between government, banks and enterprises, promote the accurate docking of real estate enterprises and financial institutions, and coordinate and solve the difficulties and problems existing in real estate financing.

  The meeting emphasized that the orderly development and construction of the project is the basis for the stable and healthy operation of the real estate market and is related to the vital interests of the people. In view of the current financing problems of some real estate projects, all localities should focus on projects, study and put forward a list of real estate projects that can be given financing support, coordinate the issuance of loans by financial institutions within their respective administrative regions, and accurately and effectively support reasonable financing needs. Credit funds should be ensured to be operated in a closed way and used in compliance, and misappropriation should be resolutely prevented. At the provincial level, it is necessary to track and monitor the implementation and strengthen supervision and guidance. At the national level, an information platform for urban real estate financing coordination mechanism projects will be established, and weekly scheduling and monthly notification will be implemented.

  The meeting demanded that we should adapt to the new situation that the relationship between supply and demand in the real estate market has undergone major changes, speed up the construction of a new model of real estate development, combine the long and short, treat both the symptoms and the root causes, and promote the stable and healthy development of the real estate market. It is necessary to adhere to the policy of the city, precise policy, one city and one policy, make good use of the policy toolbox, and fully give urban real estate regulation and control autonomy. Cities can adjust their real estate policies according to local conditions. It is necessary to work out the housing development plan, improve the housing supply system of "guarantee+market", establish a new linkage mechanism of people, housing, land and money, improve the basic system of housing life cycle, implement the construction of affordable housing, the construction of public infrastructure for emergency use and the transformation of villages in cities, and build a green, low-carbon, intelligent and safe house. It is necessary to rectify the order of the real estate market, rectify the chaos in real estate development, trading, intermediary and property, expose typical cases of violations of laws and regulations, and earnestly safeguard the legitimate rights and interests of the people.

  The Central Economic Work Conference proposed to actively and steadily resolve real estate risks, meet the reasonable financing needs of real estate enterprises with different ownership equally, and promote the stable and healthy development of the real estate market. Accelerate the construction of affordable housing, the construction of public infrastructure for both ordinary and emergency use, and the transformation of villages in cities. Improve the relevant basic systems and accelerate the construction of a new model of real estate development.

  The reporter noted that policy measures such as "meeting the reasonable financing needs of housing enterprises with different ownership equally" are being implemented. According to the latest data of the People’s Bank of China, by the end of 2023, five major banks, namely, industry, agriculture, China, construction and communications, had invested more than 30 billion yuan in development loans to non-state-owned housing enterprises.

  "Recently, loans from financial institutions to private housing enterprises are increasing, and financing to support private housing enterprises is accelerating. It is expected that the financing support policies for private housing enterprises will be further strengthened in the later period, and the financing of private housing enterprises in development loans, operating loans and bond underwriting will continue to increase. " Liu Shui, director of enterprise research at the China Central Finger Research Institute, told reporters.

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Beijing’s real estate market sales are still sluggish, and house prices have loosened.


Information picture


  BEIJING, Nov. 19 (Xinhua)-The Beijing Municipal Bureau of Statistics announced on its official website today the operation of Beijing’s real estate market from January to October. In October, Beijing’s real estate development activities resumed, but under the background of overall economic slowdown and strong wait-and-see mood of buying houses, the main indicators of the real estate market are still running at a low level.


  First, development investment has rebounded, but the overall trend is still downward.


  From January to October, the city’s investment in real estate development was 131.53 billion yuan, a decrease of 7.3% compared with the same period of last year, and the decrease was 0.8 percentage points lower than that in the previous three quarters. Among them, the construction in August and September was restricted, and the investment in development was 6.87 billion yuan and 11.16 billion yuan respectively, down by 56.8% and 36.7% year-on-year; The investment in development completed in October rebounded to 17.84 billion yuan, down 1.8% from the same month last year.


  The progress of the project construction has not been significantly accelerated.In October, the progress of project construction was not accelerated on a large scale, and the number of projects with construction activities has not recovered to the level before the Olympic Games. The investment in Jian ‘an project was small: only 5.66 billion yuan was completed in October, down 36% from last October. From January to October, the investment in Jian ‘an project was 61.76 billion yuan, down 17.9% year-on-year, and the decline was 2.5 percentage points higher than that in the previous three quarters.


  Second, the pace of market supply slowed down, and the completed residential area fell by over 30%.


  The construction area and new construction area continue to decline.Since July, with the limited construction and the slowdown of land acquisition by enterprises, the growth rate of development area has dropped significantly. In October, affected by subjective and objective factors, the construction and new construction area continued to show a downward trend. At the end of October, the construction area of commercial housing in the city was 90.159 million square meters, down 5.7% from the same period of last year, and the decline was 3.4 percentage points higher than that at the end of September. Among them, the residential construction area was 49.829 million square meters, down by 7.9%. From January to October, the newly started area of commercial housing in the city was 17.087 million square meters, down 8%, and the decline was 6.5 percentage points higher than that in the previous three quarters. Among them, the newly started residential area was 11.398 million square meters, down 3.9%.


  The completed area continues to decline.Since December of last year, the completed area has been declining continuously. From January to October, the completed area of the city was 14.237 million square meters, down 8.3% from the same period of last year. Among them, the completed residential area was 7.692 million square meters, down 32.1%.


  Third, the market sales are still sluggish, and the role of affordable housing is obvious.


  The wait-and-see mood in the real estate market is still strong.In late October, the Ministry of Finance and the Central Bank jointly issued a package of policies to encourage housing consumption. However, under the background of economic slowdown, the price of commercial housing is still beyond the affordability as a demand for self-occupation or improvement, and as an investment demand, the wait-and-see mood in the sales market is still strong when the expected risks outweigh the benefits in the future. From January to October, the sales area of commercial housing in the city was 8.308 million square meters, down 49.6% over the same period of last year, of which the sales area of residential housing was 6.175 million square meters, down 54.2%. In October, the residential area sold was 1.124 million square meters, down 45.7% from the same month last year.


  Policy-oriented housing sales have become the main factors driving market sales, with price-limited housing and affordable housing accounting for about two-thirds of the total number of residential sales in that month.From January to October, the city sold 56,115 sets of commercial housing, of which 13,042 sets were sold in October, which is the month with the largest number of sales since this year. From the perspective of selling houses, it is mainly that a large number of contracts were signed between price-limited houses and affordable houses in October, which boosted the sales volume of houses. The data shows that in October, 8766 sets of price-limited houses and affordable housing were sold, accounting for about two-thirds of the sales in that month. After deducting the above factors, the actual sales of pure commodity houses are still hovering at a low level.


  Four, the real estate sales price has loosened, and the funds in place of enterprises have declined overall.


  The year-on-year growth rate dropped, and the chain price continued to fall.In October, the year-on-year increase in housing sales prices in our city continued to fall, rising by 5.2%, which was 1.7 percentage points lower than that of the previous month; After the decline last month, the chain price continued to decline this month, falling by 0.2%, which was the same as last month. Among them, the price of new residential buildings continued to fall, down 0.1% from the previous month, and the decline slowed down. The sales price of second-hand houses decreased for three consecutive months, and decreased by 0.4 percentage points in October.


  The funds put in place by real estate development enterprises this year have declined in an all-round way.From January to October, the source of funds for real estate development enterprises in our city this year was 237.55 billion yuan, down 23.2% from the same period of last year, and the decline was 8.9 percentage points higher than that in the previous three quarters. Among them, financial loans were 70.93 billion yuan, down 17.9%; Self-owned funds were 35.11 billion yuan, down 6.7%; Deposits and advance receipts were 70.48 billion yuan, down 36.1%.

Editor: Li Dan

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The Ministry of Housing and Urban-Rural Development fully gives urban real estate control autonomy, and cities can adjust their real estate policies according to local conditions.

January 26, 2006: The Ministry of Housing and Urban-Rural Development held a deployment meeting of urban real estate financing coordination mechanism this morning. The meeting demanded that we should adapt to the new situation that the relationship between supply and demand in the real estate market has undergone major changes, speed up the construction of a new model of real estate development, combine the long and short, treat both the symptoms and the root causes, and promote the stable and healthy development of the real estate market. It is necessary to adhere to the policy of the city, precise policy, one city and one policy, make good use of the policy toolbox, and fully give urban real estate regulation and control autonomy. Cities can adjust their real estate policies according to local conditions.

It is necessary to work out the housing development plan, improve the housing supply system of "guarantee+market", establish a new linkage mechanism of people, housing, land and money, improve the basic system of housing life cycle, implement the construction of affordable housing, the construction of public infrastructure for emergency use and the transformation of villages in cities, and build a green, low-carbon, intelligent and safe house. It is necessary to rectify the order of the real estate market, rectify the chaos in real estate development, trading, intermediary and property, expose typical cases of violations of laws and regulations, and earnestly safeguard the legitimate rights and interests of the people.

Yesterday, Xiao Yuanqi, deputy director of the State Financial Supervision and Administration Bureau, attended the press conference of the State Council Office and said that the real estate industry has a long chain and a wide range, which has an important impact on the national economy and is closely related to the lives of the broad masses of people. The financial industry is duty-bound and must be strongly supported.

Xiao Yuanqi said that accelerating the implementation of the coordination mechanism of urban real estate financing is effective, requiring banks to act as soon as possible. Under the lead coordination of the urban people’s government, together with the housing and construction departments, the policy toolbox will be used well because of the city’s policy, and the reasonable financing needs of real estate projects will be more accurately supported.

Support local city governments and housing construction departments, further optimize individual housing loan policies such as down payment ratio and loan interest rate due to city policies, and guide and urge banks to better serve the financing needs of the broad masses of people’s rigid and improved housing. Guide and require banks and other financial institutions to vigorously support the construction of "three major projects" such as "emergency and emergency" major infrastructure and urban village reconstruction, and demand that the physical workload be formed as soon as possible.

Previously, the Ministry of Housing and Urban-Rural Development and the General Administration of Financial Supervision jointly issued the Notice on Establishing a Coordination Mechanism for Urban Real Estate Financing, requiring cities at or above the local level to establish a coordination mechanism for real estate financing, build a communication platform between government, banks and enterprises, and promote the accurate docking of housing enterprises and financial institutions.

Guojin Securities pointed out that the real estate sector is at the double bottom of performance and valuation, and the policy catalyzes or welcomes layout opportunities. The improvement of operating property loan policy can improve the cash flow of housing enterprises to a certain extent, and the key to the stable and healthy development of the industry lies in the stabilization of sales, which still needs the continuous support of loose policies.

Ping An Securities believes that this time, financial institutions and the General Administration of Financial Supervision jointly issued a notice on doing a good job in the management of operating property loans, refining the requirements for the management of commercial banks’ operating property loans, such as caliber, duration, quota and use, and further broadening the financing channels of real estate enterprises.

Meet the reasonable financing needs of real estate enterprises with different ownership equally

Ni Hong, Party Secretary and Minister of the Ministry of Housing and Urban-Rural Development of the People’s Rerublic of China attended the meeting and stressed that accelerating the implementation of the coordination mechanism of urban real estate financing is effective, supporting the development and construction of real estate projects, meeting the reasonable financing needs of real estate enterprises with different ownership equally, and promoting the stable and healthy development of the real estate market.

All localities should pay close attention to research and put forward a list of real estate projects that can be given financing support to accurately and effectively support reasonable financing needs.

The meeting emphasized that the orderly development and construction of the project is the basis for the stable and healthy operation of the real estate market and is related to the vital interests of the people. In view of the current financing problems of some real estate projects, all localities should focus on projects, study and put forward a list of real estate projects that can be given financing support, coordinate the issuance of loans by financial institutions within their respective administrative regions, and accurately and effectively support reasonable financing needs. Credit funds should be ensured to be operated in a closed way and used in compliance, and misappropriation should be resolutely prevented. At the provincial level, it is necessary to track and monitor the implementation and strengthen supervision and guidance. At the national level, an information platform for urban real estate financing coordination mechanism projects will be established, and weekly scheduling and monthly notification will be implemented.

The meeting demanded that we should adapt to the new situation that the relationship between supply and demand in the real estate market has undergone major changes, speed up the construction of a new model of real estate development, combine the long and short, treat both the symptoms and the root causes, and promote the stable and healthy development of the real estate market. It is necessary to adhere to the policy of the city, precise policy, one city and one policy, make good use of the policy toolbox, and fully give urban real estate regulation and control autonomy. Cities can adjust their real estate policies according to local conditions. It is necessary to work out the housing development plan, improve the housing supply system of "guarantee+market", establish a new linkage mechanism of people, housing, land and money, improve the basic system of housing life cycle, implement the construction of affordable housing, the construction of public infrastructure for emergency use and the transformation of villages in cities, and build a green, low-carbon, intelligent and safe house. It is necessary to rectify the order of the real estate market, rectify the chaos in real estate development, trading, intermediary and property, expose typical cases of violations of laws and regulations, and earnestly safeguard the legitimate rights and interests of the people.

The list of the first batch of real estate financing coordination mechanism projects will land before the end of the month.

The meeting proposed that an information platform for urban real estate financing coordination mechanism projects will be established at the national level, and weekly scheduling and monthly notification will be implemented. The Ministry of Housing and Urban-Rural Development has made great efforts to implement the mechanism. It is understood that before the end of this month, the first batch of projects can win loans after landing.

This article comes from: financial circles

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"Olive" is the first person to go forward: the first Beijing Waist Flag Rugby Open kicks off

China Daily, May 20th. On May 20th, the early summer in Beijing was full of vitality, tacit passing and decisive flag-pulling. The athletes sweated and enjoyed the infinite charm of flag football. Sponsored by Beijing Social Sports Management Center and Beijing Daxing District Sports Bureau, and hosted by Beijing Rugby Sports Association, Beijing Beiolive Sports Development Co., Ltd. and Beijing Luyin Heritage Sports Development Co., Ltd., the first Beijing Waist Flag Rugby Open will be held in Jujia Stadium in Daxing District. This open will take two weekends to compete for four days on May 20th and 21st, and May 27th and 28th respectively.
The event of this open competition is five-player flag rugby, which consists of three groups: men’s group, women’s group and mixed group. Nearly 500 athletes from 34 teams participated in the competition. The competition will adopt the competition system of combining group stage and cross elimination stage, and the participating teams will play 69 games in total until the corresponding ranking is produced. The first Beijing Waist Flag Rugby Competition aims to create a high-level model of Waist Flag Rugby Competition with high-standard competition guarantee, high-standard competition venue and high-level referee team, and promote the benign development of the project with brand competition activities.
There is also a carnival activity area at the Open, where the majority of national fitness enthusiasts can participate in all kinds of rugby fun experience activities, deepen their understanding and cultivate their interest in the experience, and take a seat in the viewing area during the intermission of the experience to feel the intense atmosphere and distinctive rugby charm at the competition site. Everyone cheers for the athletes and jointly ignites the competitive storm of Beijing Waist Rugby.
Waist flag rugby is a new trend sport, which comes from the training subject of American football with all equipment. It is mainly used for tactical drills and basic route exercises. The defensive way of flag-pulling is used to replace dangerous defensive actions such as catching and pushing, so as to reduce the risk of injury in training. Because of the safety of zero physical contact, less requirements for the venue, relatively easy to get started, and friendly experience for beginners, in recent years, the phenomenon of "online celebrity Exercise" has become the daily fitness program choice for young people. Nowadays, more and more people are discussing its technical and tactical improvement and project development. Holding the first flag rugby open is to build a communication platform for the majority of flag rugby fans, add flag rugby to the sequence of national fitness projects, continuously enrich the supply of national fitness events and meet the growing needs of citizens for a better life.
On May 3rd, 2023, at the annual general meeting of the International World Games Association (IWGA) held in Madrid, Spain, IWGA Sports director Sebastian Gavins announced that flag rugby would become the official event of the 12th World Games in 2025, which was a milestone for the development of flag rugby. At the same time, it also shows that the first Beijing Waist Flag Rugby Open will be held at the right time, which will add new momentum to the development of China Waist Flag Rugby.
Source: China Daily.
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Happy New Year’s Eve in Guangdong, Sharing New Year’s Eve Reunion Dinner: Foshan Trade Union expressed condolences to the migrant workers of Sanshui Xingxing Refrigeration Company who stayed in the fa

Text, map/Yangcheng Evening News All-media reporter Liang Zhengjie correspondent Wu Chengping
"I am from Guizhou in southeastern Guizhou. I have been in the company for more than 10 years. This year, I stayed in the factory for the first time for the New Year. I have never tasted Guangdong’s Tuannian potted vegetables, and today I finally got my wish. " Long Bangquan, deputy director of the workshop of Guangdong Star Refrigeration Equipment Co., Ltd. (hereinafter referred to as "Star Refrigeration"), said happily. On January 31st, New Year’s Eve, the condolence group of Foshan Federation of Trade Unions went to Guangdong Xingxing Refrigeration Equipment Co., Ltd. to carry out the warm-hearted condolence action of "Warm Workers, Happy New Year in Guangdong", and sent holiday greetings and blessings to the employees who stayed in the factory for the New Year, especially the migrant workers in southeastern Guizhou.
The leaders of the Federation of Trade Unions send new year gifts to employees.
On the same day, the organizers held fun garden parties, the experience of "Cantonese Cuisine Master", the experience of making Foshan lion’s head and auspicious ornaments for the New Year, and the calligrapher’s gift of waving spring, which added the flavor of the New Year to more than 400 employees who stayed at Star Refrigeration for the New Year. "Cantonese people can’t have a feast without chicken in the New Year, and this ginger and onion chicken must be available for the reunion dinner!" Huang Chihua, the director of the master studio of Guangdong cuisine at the provincial level from Foshan Trade Union Vocational School, and a China cooking master, taught the staff how to make the old-fashioned ginger-onion chicken in the staff canteen of Star Refrigeration Company, so that the staff could feel the taste of Cantonese cuisine from knife skills, ingredients, cooking methods to dish setting.
Calligraphers send spring activities organized by enterprises.
"Happy New Year! I wish you all a good year in Foshan! " Jiang Qing, executive vice chairman of Foshan Federation of Trade Unions, presented the New Year’s group dishes and holiday packages to the staff representatives, and extended greetings and blessings to the staff present. Hong Xiao, deputy director of the Sanshui District People’s Congress Standing Committee and chairman of the District Federation of Trade Unions, also sent a condolence package to the workers’ representatives. On behalf of the company, Wen Yang, general manager of Star Refrigeration, thanked the trade unions at all levels for their concern and sympathy. Afterwards, the people present sat around to taste the Foshan special group dish, share the group dinner and taste the Foshan flavor in the dish.
Leaders of the Federation of Trade Unions share the reunion dinner with migrant workers.
According to reports, this year, the factory has adopted various measures to encourage employees to stay in the factory for the New Year, including more than 20 migrant workers in southeastern Guizhou. In addition to providing corporate New Year gift packages for employees staying in the factory, the factory canteen provides free New Year’s Eve dinner during the Spring Festival, and at the same time, it also organizes all kinds of colorful cultural activities to make everyone have a happy, peaceful and warm Spring Festival. By the seventh day of the Lunar New Year, every front-line employee who returns to work on time will receive a 500 yuan award. In recent years, the post-holiday return rate of employees in Star Refrigeration Company has exceeded 95%.
This condolence activity made the employees of Star Refrigeration Company who stayed in the factory for the New Year feel the warmth of "home", let them truly feel the care of Foshan Party and government and the warmth of trade unions, spend a happy, peaceful, safe and healthy Spring Festival, and also personally experience the local flavor of Foshan.
The Federation of Trade Unions sends holiday greetings and blessings.
During the Spring Festival this year, Foshan City Federation of Trade Unions launched the "Warm Workers, Help Enterprises, Secure Posts" combination boxing, launched the "Warm Workers, Happy New Year in Guangdong" Spring Festival campaign in 2022, launched ten warm measures, and distributed 10 million yuan of WeChat payment red envelopes, over 100,000 tickets for Foshan attractions and over 10,000 movie tickets to trade union members in the city. The employees who have obtained them will be used in the city during the Spring Festival. According to statistics, this year, trade unions at all levels in the city presented 22,700 Chinese New Year potted vegetables, 22,600 New Year condolence packages, 164,000 scenic spots tickets and movie tickets to workers from all walks of life who stuck to their posts during the Spring Festival, especially front-line epidemic prevention workers, new employment workers, key project builders and migrant workers in enterprises.
Source | Yangcheng Evening News Yangcheng School
Editor | Huang Lei
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Lu Lei, deputy governor of the central bank, attended the expert seminar on related issues in the financial field.

[Lu Lei, Vice Governor of the Central Bank, attended an expert seminar on financial issues] According to the micro-signal of the People’s Bank of China, the Financial Research Institute of the People’s Bank of China recently held an expert seminar on financial issues, attended by Lu Lei, member of the Party Committee and vice governor of the People’s Bank of China. At the seminar, Zhu Baoliang, Li Daokui, Liu Qiao, Zhang Chengsi, Zhu Ning, Wu Weixing, Wu Ge and Ding Zhijie put forward constructive opinions and suggestions on issues such as unblocking the transmission mechanism of monetary policy, strengthening the coordination between monetary policy and other policies, improving the quality and efficiency of financial services to the real economy, better guiding market expectations, and preventing and resolving financial risks. (Zhongxin Jingwei APP)

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The story behind the night economy: the invisible waiting of "sleepless people"

The maintenance workers of Metro Line 2 are repairing the side of the subway.

In the early morning, the last bus of Metro Line 2 is returning to the warehouse.

The maintenance workers of Metro Line 2 are inspecting the bottom of the car in the tunnel.

The maintenance workers of Metro Line 2 are using electronic equipment to repair the subway that has just returned to the warehouse.

In the early morning, the driver of Metro Line 2 was at work. The pictures in this group were all taken by China Youth Daily and China Youth Network trainee reporter Li Ruoyi/photo.

  At 1:23 am, the last bus in beijing subway line 2 just finished its last "throughput". Starting from 5:10 the day before, Metro Line 2 has picked up 994,500 people. After leaving the last night, the last bus is preparing to go back to the library for a "rest". At this time, the subway repairman is "physically examining" the subway cars to ensure that they can be successfully connected to the first wave of "morning walkers" at 5:10 after more than three hours.

  Night economy has become a new growth point of urban consumption, and major cities have been digging for night economy, and Beijing is one of them. According to the Research Report on the Development Trend and Consumption Behavior of Night Economy Industry in China from 2019 to 2022 released by Ai Media Consulting, the development scale of night economy in China will show explosive growth, and it will exceed 30 trillion yuan in 2020.

  Night economy includes clothing, food, housing, transportation, travel, entertainment and many other aspects, and traffic is more to escort night travel. On July 19, in order to meet the travel needs of night returnees, Beijing Metro Lines 1 and 2 extended their operating hours every Friday and Saturday; At the same time, there are night buses, night taxis, online car rides, driving and other travel tools to escort night returnees.

  Take the first subway home.

  The end of ordinary people’s work is the beginning of a "sleepless" day. After the extended operation, the last train of Metro Line 2 entered the station from 23:48 to 1:23 the next morning, and a total of 18 subways were opened, with an average of one for each night shift driver. At the same time, the working hours of subway stations, power supply, maintenance and other departments have been extended accordingly.

  Zhang Qingsheng, a driver who has been driving for more than 20 years, drove the extended last bus. I got off work at 1:23 in the morning and went back to the dormitory to wash. It was already 2: 00 in the morning, and I had to get up at 6: 00. You need to drive 7 ~ 8 laps a day, and the duration of a lap is 45 minutes. "Because Line 2 is a ring road, sometimes it is too tired. After driving for more than 20 kilometers, there is an illusion of spinning in the same place."

  Wang Jinghui, director of the Taiping Lake Maintenance Center, and his team members have just begun to drive the last subway back to the library in Zhang Qingsheng. They have to overhaul more than 40 groups of cars every day, and a group of cars has to inspect 1,000 ~ 2,000 points, including the overhaul of electrical appliances, the replacement of wearing parts, sanitary cleaning, etc. It takes about 20 ~ 30 minutes for a car, and there are 7-8 people in the overhaul group. It usually takes more than 2 o’clock to finish the overhaul, and it takes about 3 o’clock after the extension. After about an hour’s rest, it is time to get up and send the car out of the library.

  "In July and August, you can feel the pain of your brothers." Generally, it is necessary to repair the underbody and wings of the vehicle. Among them, the underbody needs to be squatted in the pit for inspection, and there is no way to straighten up. In summer, the temperature of the pit is over 40 degrees, and the bottom of a car needs to be overhauled for about 15 minutes. The clothes are like washed clothes. "The clothes are not washed, but retted."

  It is a habit that Wang Jinghui and his team have always formed that they don’t go anywhere and come to work after taking a nap on every day when they need to work at night. The night shift is from 17: 30 to 8: 30. Among them, two or three o’clock in the morning is the most sleepy time. Some people choose to come over for a midnight snack, some people get up and have a cup of tea, and some people go to the door to cool down.

  In some places and times that public transportation can’t reach, driving and other modes of travel have become the choice of those who return home at night. According to the "2018 Entertainment Index Report" released by the National Big Data Research Center for e-driving in January this year, in 2018, the number of driving services nationwide reached 267 million, and first-tier cities such as Beishangguangshen and Shenzhen were the cities that used driving services the most.

  In the past year, Fu Cheng from Henan was one of the providers of hundreds of millions of driving services. This year, it is the 20th year of his drifting to the North. A few years ago, he was still doing car sales and started to work as a part-time driver. He was just laid off years ago, and driving has gradually become the main business. At 7 o’clock every night, he will go out on a folding bicycle weighing 19 kilograms and start taking orders. He usually closes at two or three in the morning and sleeps until noon after returning home.

  "The nightlife in Beijing is rich, and the demand for driving is even greater." Now, you can earn 5,000 ~ 6,000 yuan a month. If you work full-time as a driver, you can earn more than 10,000 yuan a month. Because of the low input cost, more and more people are beginning to enter this industry, especially some online car drivers are beginning to switch to driving. In the past, drivers used to go back after midnight and didn’t want to stay outside. Now, until 6 o’clock in the morning, there are still many lists on the other side of the work, and some full-time drivers will take the first subway to get home.

  Low-headed people and drunkards

  Everyone who works at night has a story more or less. They deal with all kinds of people and see all kinds of life.

  At night, passengers usually gather at a fixed time or a fixed station to get on and off. Wang Yueqian, deputy director of the crew center of Line 2, said that there are sports events or performances in the workers’ stadium. When the event is over, fans or fans flock in and fill the whole platform. At this time, vehicles will be added to allow passengers to get on the bus quickly. On weekdays, after 11 o’clock at night, there are actually no people on the subway.

  Interestingly, you can use the bus card to predict the wage income level of a region. Wang Yueqian pointed out that because Fuxingmen subway station is close to Financial Street, many passengers’ bus cards cost several thousand yuan at a time, and the wages of office workers who get off at this station are not low.

  The "low-headed family" has become a major landscape of the platform. Zhang Yaxin, a post-90s subway driver, said that it was very eye-catching because he had to stare at monitors and screen doors all the time. He found that at night, there were many young people on the platform, most of them were playing with their mobile phones, and occasionally some people were chatting. After zero, people in Chongwenmen and Chaoyangmen are relatively concentrated, among them, most of them are after 90 s and 00 s. Shao Nan, a driver who joined Zhang Yaxin in the same year, also observed that there were some people who just got off work in the subway at night, and they looked a little tired and lazy.

  Different from the scenery seen by subway drivers, people who deal with drivers on behalf of drivers are all people in the wine bureau, especially those who are drunk.

  Fu Cheng observed that most of the guests from 8: 00 pm to 10: 00 pm originated from large restaurants or time-honored restaurants; From 10 pm to 2 am, most customers come from KTV, pedicure shops and so on.

  On one occasion, he took an order at 9: 00 pm. When he first got on the bus, two men were chatting all the time. After one of them got off the bus, the other fell asleep, so he couldn’t wake up. He could only drive to a monitored place and wait, but he didn’t dare to rest. He just sat in the car for a while and then stood on the ground for a while. Seven hours later, the man’s wife finally called and took the man home.

  As a network car driver, Shanghai from Liaoning will meet all kinds of people when driving at night. He often pulls people into nightclubs. In his opinion, there are two kinds of people in nightclubs, one is particularly happy, and the other is particularly unhappy. Most people come to get drunk, some people fall down when they get on the bus, some people talk nonsense, and some people hand him a cigarette when they come up. "Come, master, smoke a cigarette with your buddy."

  For Shanghai, it is the basic accomplishment of drivers to stop at a suitable place and let drunken people vomit. But some guests will throw up in the car and blame the driver for driving unsteadily; However, once he was deeply impressed by an understanding experience. A drunken guest stopped him several times. When he got off the bus, the guest was very embarrassed and gave him a 200 yuan tip. He couldn’t accept the money, but he felt very warm in his heart.

  Nightlife is the epitome of urban development.

  People who return home at night light up the "night capital", and behind it is the invisible waiting of "sleepless people". Working at night has its particularity, because it is often upside down day and night, and it will encounter many "bad worries" and leave some sequelae.

  "This is an industry that looks at luck." Fu Cheng said that when you are lucky, it is easy to earn a few hundred yuan a day, but if you are not, you may lose money. Once, at 7 o’clock in the evening, he received an order to go to a ravine in Fangshan, Beijing. The driving fee was 127 yuan, after deducting 20% management fee, 90 yuan was left. I took a bus to Liangxiang and spent 70 yuan. It took 20 yuan to carpool from Liangxiang to Liuliqiao. It was already 2 am when I got home by bus. "Even if I lose money, the key is that I can hardly come back."

  "The mentality determines the state of a person’s work." Fu Cheng said that the system occasionally randomly distributed some "partial orders", but it also taught him to "hitchhike". On average, one month, he will receive a ticket to Langfang, Hebei Province, and he can earn about 100 yuan on one trip. Whether it’s a private car or a taxi, he waved and stopped, asking the driver to do it conveniently and take it to a place as close as possible to Beijing. In addition, a customer once asked him to send the car to be repaired. On the expressway, the windshield in front of the car suddenly lifted and was completely broken, and finally the customer lost 1300 yuan.

  Fu Cheng is also changing from a "white" driver to an "old slick" in the industry. When a passenger asks him to "stand by for a long time", he will report to the platform first, then call the police and contact the passenger’s family by registering his mobile phone number. Fu Cheng likes the present situation very much, enjoys the freedom of driving, and occasionally goes out to do odd jobs, earning hundreds of dollars a day.

  Because the day shift and night shift are upside down, I often can’t sleep. Wang Jinghui thought of many ways. At first, she read novels, and then she watched the news. It was not really sleepy, but her eyes were too tired to support. Recently, he began to listen to e-books again, and sometimes he woke up and had already played dozens of chapters.

  In Wang Jinghui’s office, there is always a sphygmomanometer. Almost everyone in the team has high blood pressure, which is a "sequela" left by staying up late. In addition, because the maintenance always keeps an action, there are more or less problems in the shoulders, neck and waist of each maintenance staff. When resting, in order to treat lumbar disc herniation, Wang Jinghui will do a massage once a week on average.

  "Compared with when I first started working, the night in Beijing is brighter." Wang Jinghui said that there are more consumers coming out at night. After the extension of the subway, it not only broke the original operation mode of him and his team, but also worked overtime. "As a public service organization, we are duty-bound."

  "From the changes in the subway, we can see the epitome of a city’s development." Wang Yueqian worked in the subway industry in 1986. He remembers that the earliest last bus of the Beijing subway was collected at 9: 00 p.m. At that time, the entertainment activities at night were not very rich, so he went off work with his colleague Kan Kan Dashan. Or at night, neighbors gather in a yard to show movies together. Later, the subway changed to collect cars at eleven o’clock in the evening. Up to now, the flight attendants went to bed after one o’clock in the morning.

  With the increasing demand for people’s consumption at night, the operation hours of shopping malls may be extended in the future, and the supporting traffic may also be extended. At the same time, the driving mode of the subway may also change, from the current automatic driving to unmanned driving. "We are also trying to adapt."

  China Youth Daily China Youth Network Trainee reporter Zhao Limei Li Ruoyi

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How did the United States hurt the world by raising interest rates ten times?

  A few days ago, the Federal Reserve made its 10th decision to raise interest rates in the past 14 months, which once again triggered market shocks. Continued interest rate hikes have not only brought the United States closer and closer to the economic recession, but also caused the whole world to take the blame for the United States.

  Europe, which is the most tightly bound by American strategy, took the lead in responding, followed by the United States to raise interest rates passively for the seventh time since July last year.

How did the United States hurt the world by raising interest rates ten times?

  △ Yahoo News reported that the European Central Bank held a monetary policy meeting on May 4 and decided to raise the three key interest rates in the euro zone by 25 basis points. The main refinancing rate, marginal lending rate and deposit mechanism rate were raised to 3.75%, 4.00% and 3.25% respectively from the 10th of this month.

  However, the analysis believes that the monetary tightening policy has led to the continued weakness of the euro zone economy, and the European Central Bank will still be in a dilemma between curbing inflation and seeking economic growth.

How did the United States hurt the world by raising interest rates ten times?

  △ US Consumer News and Business Channel website reports: According to Eurostat data, in the first quarter of this year, the GDP of the euro zone only increased by 0.1%, which was less than expected, and the German economy stagnated.

  This dilemma is certainly not limited to Europe.

  Due to the hegemony of the US dollar, the Fed’s aggressive interest rate hike this round made the yield of US bonds rise and the US dollar strengthened rapidly. Its spillover effect induced large-scale capital to flow to the United States, which made the stock markets, foreign exchange markets and bond markets of many countries suffer violent impacts, forcing these countries to follow the interest rate hike in order to maintain macroeconomic stability, thus increasing their own economic recession risks.

How did the United States hurt the world by raising interest rates ten times?

  △ Most central banks in the world are raising interest rates at a synchronous rate that has not been seen in the past 50 years (screenshot of the US "Investment Encyclopedia" website report)

  "Fed’s interest rate hike will aggravate the global debt crisis"

  According to the analysis of experts from the World Bank, in the past year or so, the rise of interest rates in the United States was mainly driven by the "reaction shock" triggered by investors’ expectation of the Fed’s shift to a tougher monetary policy stance.

How did the United States hurt the world by raising interest rates ten times?

  △ Screenshot of World Bank official blog report

  The rise in US interest rates driven by "reaction shock" is particularly harmful to the financial markets of emerging markets and developing economies. Facts have proved that the sharp rise in interest rates in the United States and the corresponding rise in the foreign exchange value of the US dollar have had a significant spillover effect on the borrowing costs of emerging markets and developing economies. The debt levels of many emerging markets and developing economies have generally soared, and the debts of many governments have reached record highs. Some countries have fallen into financial difficulties and even defaulted on their debts.

How did the United States hurt the world by raising interest rates ten times?

  △ The report "Debt Relief for Green and Inclusive Recovery (DRGR)" jointly released by the Center for Global Development Policy Research of Boston University, the Center for Sustainable Finance of the School of Asian and African Studies of London University and the Heinrich Burr Foundation in April shows that during 2008-2021, the sovereign debt of emerging markets and developing economies increased by 178%, from $1.4 trillion to $3.9 trillion.

  The US Consumer News and Business Channel also warned that the Fed’s interest rate hike will aggravate the global debt crisis. Debt payments in developing countries increased by 120% from 2010 to 2021, reaching the highest level since 2001. The average proportion of government revenue used to pay foreign debts increased from 6.8% in 2010 to 14.3% in 2021.

How did the United States hurt the world by raising interest rates ten times?

  △ Screenshot of US Consumer News and Business Channel website report

  Georgieva, managing director of the International Monetary Fund, warned that the Fed’s interest rate hike may "throw cold water" on the already weak recovery of some countries. The rising interest rate in the United States and the appreciation of the dollar may make it more expensive for countries to repay their debts denominated in dollars.

  By the end of 2022, the total debt of developing countries rose to a record $98 trillion.

How did the United States hurt the world by raising interest rates ten times?

  △ World Bank reports in official website: Rising interest rates and slowing global growth are likely to plunge a large number of countries into debt crisis. Debt servicing has brought the greatest pressure to poor countries since 2000.

  "Casino capitalism" is accelerating the flight of many countries from the US dollar.

  The history of dollar hegemony is the history of the United States arbitrarily harvesting world wealth.

  The Australian "East Asia Forum" website once published an article pointing out that in the 1970s and early 1980s, the Federal Reserve led by Paul Volcker reduced the inflation rate in the United States by raising interest rates aggressively, but pushed up the global interest rate, causing many emerging economies to default on their debts. The debt crisis after the Volcker shock made developing countries feel sad. The Fed’s interest rate hike has had a devastating impact on Latin America. The gross domestic product (GDP) in this area plummeted, and the unemployment rate and poverty rate rose sharply. There are similar experiences in debt-ridden countries in Africa. The Fed has not paid enough attention to how its wayward policy choices will affect the rest of the world.

How did the United States hurt the world by raising interest rates ten times?

  △ Australia’s "East Asia Forum" website report screenshot

  This is true. How can the Fed, which holds the hegemony of the US dollar, care about other places? !

  Eduardo Porter, an information columnist of Bloomberg, recently questioned: "Can the Fed led by Powell afford to ignore geopolitics?"

  The article points out that today, the Fed once again faces the high inflation in the Volcker era. As it is raising interest rates at the fastest rate in more than 40 years, "the original memory of people’s disillusionment with economic prosperity is resurfacing throughout Latin America and the wider developing countries."

How did the United States hurt the world by raising interest rates ten times?

  △ Screenshot of Eduardo Porter’s commentary reprinted on the Washington Post website.

  In connection with the direct and indirect damage caused by the United States’ indiscriminate unilateral sanctions against other countries by using the hegemony of the US dollar for many years, the international community generally believes that the economic and financial policies of the United States have become the biggest challenge to global financial stability, economic recovery and common development.

  Faced with the harm of dollar hegemony to the world economy, more and more economies have begun to take practical actions to safeguard their rights and interests. Many countries, including some American allies, have actively explored the path of "dollarization" by reducing US debt, promoting bilateral monetary agreements and diversifying foreign exchange reserve assets. In addition, central banks are still buying gold at the fastest rate since 1967.

How did the United States hurt the world by raising interest rates ten times?

  △ Reuters reports: In 2022, central banks bought a record 1,136 tons of gold, and in 2023, the trend of global central banks’ gold purchase continued.

  With the acceleration of the global "dollarization" process, the control of the US dollar as the world’s reserve currency on the international economic system is weakening. The data shows that in the past 20 years, the share of the US dollar in the international reserves of global central banks has dropped by 12 percentage points, from 71% to 58.36% in 2022, which is the lowest level since the data was recorded in 1995.

How did the United States hurt the world by raising interest rates ten times?

  △ Screenshot of Turkish Radio and Television Corporation (TRT) website report

  Peter Earle, an economist at the American Economic Research Institute, recently pointed out in his article "De-dollarization has begun" that the US dollar has gradually changed from an ordinary carrier of payment, settlement and investment to a financial tool used by the US government to implement unilateral sanctions. Especially after the escalation of the Ukrainian crisis last year, the US wantonly weaponized the US dollar, which accelerated the flight of many countries. "In the long run, ‘ De-dollarization ’ Will continue, and the dollar will lose power overseas sooner or later. "

How did the United States hurt the world by raising interest rates ten times?

  △ Screenshot of the article on the website of the American Economic Research Institute

  Pepe Escobar, a Brazilian geopolitical analyst and senior journalist, called American monetary policy "casino capitalism" in an interview with the media. He pointed out that after weighing the pros and cons, more and more countries found that the US dollar was not safe. The aggressive U.S. sanctions policy and reckless government spending have significantly reduced the international appeal of the dollar. The upcoming BRICS summit in South Africa may be the key to progress in dollarization. The dollar-centered world order is doomed to end.

How did the United States hurt the world by raising interest rates ten times?

  △ Sputnik news agency & radio report screenshot

  Source: Global Information Broadcasting "Global Deep Observation"

  Planning Wang Jian

  Reporter Shan Lijuan

  Editor Yang Nan

  Qian Shen Zou Haoyu

  Producer: Jiang Aimin