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Month: September 2020

Ding Junhui returned to the top ten in the world ranking, the goal is still the world championship

DingJunhuireturnedtothetoptenintheworldranking,thegoalisstilltheworldchampionship DingJunhuiheldupthechampionshiptrophy.Picture/VisualChinaIntheearlymorningofthe2019SnookerChampionship,DingJunhuidefeatedMaguire10-6toendhis806-daychampionship.After10years,hefinallywontheBritishChampionshipforthethirdtime.AtthemomentwhentheBarbicanCentrewonthechampionship,DingJunhuishoutedwithfists,ventingthepressureandthedoubtshehadsufferedinthepast806days.Inthecheersandapplauseoflivefans,DingJunhuiheldupthechampionshiptrophyoftheBritishChampionships.”Istillbelieveinmyself,IstillwanttoimpacttheWorldChampionship.Therehavebeenalotofdoubtsaboutmeinthepasttwoyears,butnowthatIhavewonthegame,thisisagoodstart.”DingJunhuisaidafterthegame.Inthisvictory,hehasforeverendedthehistoryofuntitledformorethantwoyears.Hehasalsobecomethefirstthree-timechampionofthe”post-80s”BritishChampionship,andthenumberofchampionsintherankingreached14.Thenhepointedout:”IbelievemoreandmoreparentsarewatchingsnookerandwatchingmygameinChina.Maybetheirchildrendon’tunderstandwhatsnookeris,buttheywilldiscoveritslowlyandtrytopickuptheclub.”DingJunhuihopestoletmoreandmorepeoplefallinlovewiththissport.”Afterthegameended,theWorldTaiwanFederationalsoupdatedthelatestworldranking.DingJunhuiwontheBritishChampionshipandreceivedaprizeof200,000pounds.

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NBA10 major playoff seats key battle list 2 Rockets who is the 8th in the West

NBA10majorplayoffseatskeybattlelist2RocketswhoistheeighthintheWest OnMarch9th,Beijingtime,accordingtothe”OpenStand”report,itismorethanamonthbeforetheofficialstartofthe2015NBAplayoffs,andthefinalseatsintheplayoffswillbedecidedwithinthistime.Thefollowingdoublebedsarethe10gamesthatwillchangeseatsintheplayoffsfortheremainderoftheregularseason.(Note:ThefollowingtimeistemporarilyBeijingtime)Eachofthe10gamesmayaffectthefinalplayoffranking1)RocketsVSTrailBlazers(March12)Thefirstroundoftheplayoffslastyear,Lillard’sthreeSplitlorehelpstheBlazerssuccessfullyeliminatetheRocketsin6games.Inordertostrengthenthedefense,theRocketssignedArizaintheoffseasonlastyear,andhavewonCoreyBrewerandJoshSmithsuccessivelythisseason.  Intheend,theRocketshaverisenfromthe12thplacelastseasontothe5thplaceonthedefenseefficiencylist.ButtheBlazers’progressatthisendismoreobvious,theyjumpedfrom16thto3rdlastseason.  Inthisgame,bothsidesareexpectedtobetested.TheBlazerswilltrytolimitJamesHarden,andtheRocketsmustdealwiththedoubleGermancombination(Lillard+Adelaide).Infact,bothteamswillbeatthecorelevelofplayers,theTrailBlazersstartinggatheringguardMatthewsunfortunatelyreimbursedforAchillestendoninjury,RocketscenterDwightHowardisstillrecovering.2)RocketsVsClippers(March16)Thetwopreviousgamesbetweenthetwosidesthisseason,theClippersbothwonbytwomargins,butinthethirdmatch,theClipperscrashedatthelastmomentofthegame.RelyingonCoreyBrewer’s20points(13pointsfromthefourthquarter)andtheteam’s17three-pointers,theRocketswon110-105.  Thisiswhatthey(theRockets)needmetodoaftertheybringmein:tocomeoffthebenchandshowtheirenergy.InBrewer’spost-gamespace,Icanescape,Icanparticipateinfastbreaks,Icanalsodefend,aslongasitcanhelptheteamwin,Iamwillingtodoit.  Inthefourthmatchoftheseasonbetweenthetwoteams,theClipperscorepowerforwardGriffinshouldbeabletoreturnfrominjury.IftheRocketsHowardisnotavailable,thentheyneedotherdefendersinsidetotrytolimitGriffin.3)HawksVsWarriors(March19)Ifthedatadoesnotlie,thisgamewillbeapreviewoftheNBAFinalsthisyear.Asofnow,theWarriorsandEaglesarerankedfirstintheWestandEast,andtheirgoalpointsper100roundsarealsorankedfirstandsecondintheleague.  Inthefirstmatchoftheseason,thetwoteamsexperiencedabalancedoffense,andtheEaglesdefeatedtheWarriors124-116.Inthisgame,theEagleshave7playersinadouble-double.  Itisapitythattherewasnonationallivebroadcastofthisgameatthattime,butfortunately,ESPNhasmadecorrectionsintimeandwillconductanationallivebroadcastofthetwoteamsinthesecondroundoftheseason.4)RaptorsVsBulls(March21)Currently,theBullsandRaptorsaresecondandfourthintheEast,respectively,andbothteamsarefacingdifferentproblems.  TheBullsarestilltrappedbyinjuries,andtheirtwobackcourtveteransDerekRoseandJimmyButlerareinastateofinjury,butbothareexpectedtoreturnbeforetheendoftheregularseason.  TheRaptors’problemsarenoteasytodiagnose.Afterwinning37ofthefirst54gamesoftheseason,theylost7ofthelast8games,including98-103lossestotheEasternConferenceKnicks.AlthoughthisisnottheendoftheworldfortheRaptors,theirperformancehasnotmetexternalexpectations.  Ifthepowerfulknightfinallylocksthesecondplaceintheeast,thentheBullsandRaptorswillcompeteforthethirdplace.5)MavericksVsSpurs(March28)TheMavericks’recentperformanceisrunning.Theyhavelost4ofthelast5games.TheyarecurrentlyrankedsixthintheWestwith40winsand24losses,leadingonlytheseventhSpurs0.5wins.  Youknow,thedifferencebetweenrankingsixthandseventhintheWestcanbeveryimportant.RankedsixthmeansthatyoumayavoidtheWarriorsorGrizzliesinthefirstroundoftheplayoffs,orfacetheBlazersfacingWesleyMatthewsortheRocketsthatHowardcannotreach100%.6)ThundervsSun(March30)PerhapssomepeoplearemoreoptimisticabouttheThunder’sabilitytolocktheeighthpositionintheWest,buttheSunsarenotyetreadytosurrender,buttheirperformancehasnotbeensatisfactoryinrecenttimes.SinceFebruary1,theSunshaveonlywon5-10.  Onthefinaldayofthisyear’sNBAtrade,theSunssentconsecutivereplacementsforthemaincontrolguardDragyseasonandThomasJr.andgotBrandonKnight.  AlthoughthisisnotacontradictionthatposesathreattotheThunderintheWesternConferencerankings,iftheycanwinthegameonMarch30,itmayleavetheSunssuspenseintheeighthWesternConference.7)BullVsCavaliers(April6)Aboutthegame,theBullsandtheCavalierswillcompeteforthetopspotintheCentralDivision;bettersaid,thismaybeapreviewoftheEasternConferencefinals.  TheCavaliershavewoninthefirsttwomatchesoftheseason,butJimmyButlerandJoakimNoahhavemissedthosetwogamesrespectively.BeforetheAll-Starbreak,theBullspulledbacktoacityanddefeatedtheCavaliers113-98.However,CavalierspowerforwardKevinLovemissedthegame.  AlthoughtheBullshaveoutsidedefendersandcertainhandsthatcanchallengetheCavaliers,theonlyquestioniswhethertheycanhaveafullstepagainsttheCavaliers.JudgingfromthecurrentinjuryreportsonRossandButler,theymaybeusheringinthereturnofoneoftheminthegameonApril6,anditwouldbebetterifbothofthemcouldreturn.8)HornetsVsHeat(April8)  AlthoughjudgingfromthecurrentrankingoftheEasternConference,theseventhandeighthstillhavesuspense.Butdon’tforgetthatthePacershavebeenoneofthehottestteamsintheleaguesinceFebruary1,andtheymaybewelcomingtwo-timeAll-StarPaulGeorgeinthemiddleofthismonth.  IfthereisonlyoneseatleftintheEasternConferenceplayoffs,therewillbeafiercebattlebetweentheHeatandtheHornets.TheHornetshavewonfiveofthelastsixgames,andtheirstartingpointguardKembaWalkerisclosetoreturning;althoughtheHeat’scorepowerforwardChrisBoshisreimbursedfortheseasonofillness,theyformedthemostintheleague.Oneofthetalentedbackcourts-Wade+Dragic.  TheHornetsscored2winsand1lossinthefirstthreematchesoftheseason,butinthelasttwomatches,thematchwasdecidedwithinthelastminute.Ibelievethefourthmatchbetweenthetwosideswillbeveryintense.9)SpursVsThunder(April8)  Althoughbothteamshavesufferedinjuriesandinstabilitythisseason,noonewillexcludethemfromthisfight.  TheThunderhaveKevinDurant,theMVPoftheregularseasonlastseason,andWestbrook,whohasrecentlybecomeahotMVPthisseason.SinceFebruary1,WeiShaohasaveraged33.3points,10assistsand9.Withfiverebounds,theThunderdefeatedtheSpurs114-106withhis34pointsintheChristmasWarlastyear.  TheThunder’sathleticabilitycanposeathreattotheother29teams,andinthepastsixregularseasongamesagainsttheSpurs,theThunderhavewon.  Butasthesayinggoes:Gingerisstilloldandspicy!Whenthechallengeescalates,theSpursalwaysplaythebestbasketball.Sofarthisseason,theyhavewontheEagles,Cavaliers,WarriorsandGrizzlies.  Puttingasidetheplayoffrankingfactors,thecollisionoftwoverydifferentstylesisitselfahighlightofthisgame.10)WarriorsVsGrizzlies(April14)  Thiswillbethelastmatchbetweenthetwoteamsintheregularseasonofthisseason,anditmayevendecidewhowillhavehomeadvantageintheplayoffs.  TheGrizzlieswon105-98intheirfirstmatchoftheseason.Inthesecondquarterofthatgame,theGrizzliesplayedawaveof20-0.  AccordingtoESPNstatistics,whenStephenCurrywasinthegame,theWarriorsnettedtheGrizzliesby16pointsandshot47.4%;butwhenCurrywasnotonthecourt,theWarriorsshotonly15.8%.  RegardingthegameonApril14,ifthiswillaffectthenumberonepositionintheWest,thentheWarriorsmustfindawaytowinoutsideCurry.(Rosen)

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For half of the companies, the wine company’s annual report reveals some kind of signal?how to respond?

Forhalfofthecompanies,thewinecompany’sannualreportrevealssomekindofsignal?howtorespond? Withthereleaseoftheannualreportoflistedcompanies,thegrowthtrajectoryofChinesewineinthepastyearisalsodisplayedinfrontofinvestors.In2019,theChinesewineindustryisstillinaperiodofin-depthadjustment,coupledwiththeimpactofimportedwine,whichhasledtoashrinkingofdomesticwineproductionandsales,agradualdeclineinmarketprofits,furthershrinkingoftheoverallscale,andfurtherincreaseinindustryconcentration.Reflectedinthefinancialreportsof12listedandlistedwinecompanies,youcansee6substitutions,6netprofitdeclines,8revenueexchanges,thechangeratereaches50%,andtheleadingChangyuistheonlyone.Inadditiontotheseverecompetitiveenvironment,somecompanies’internalcontrolissuesarealsoworthyofattention.ThedeepadjustmentperiodsupplementsthenewcoronarypneumoniaepidemicandaddsuncertaintytotheChinesewineindustryin2020.Theexpectedoverallmarketdemandisstillweakandconsumptionislikelytomaintainadownwardtrend.Althoughdomesticwinesarenotoptimisticintheshortterm,theyarestillgenerallyregardedas”notpessimisticinthelongterm”.Halfofthelistedcompaniesareexpectedtohavetheexpectedamount.Inthepast,oneofthedomesticallyproducedwine”troikas”,DynastyWines,had-7294.Thenetprofitof30,000destroyedbecametheannual”SupplementaryKing”,Tongpu(-3131.470,000yuan),STVeyron(-2586.510,000yuan),AromaticManor(-1594.840,000yuan),Fasette(-933.720,000yuan),TongtianWineIndustry(-81.30,000yuan)followedclosely.Fromthecomparisonoftheenterprisesthemselves,itisexpectedthatthewinecompaniesaredifferent.Since2011,affectedbytheimpactofimportedwines,distributionreformshaveledtoadeclineinsalesinmajormarketsinEastChina,Dynastywineindustryperformancehaschangedalltheway,andprofitaftertaxhasbeennegativefor9consecutiveyears;asoneofthenewdomesticwine”troika”InSTWeilong,thenetprofithasdroppedcontinuouslyinthepasttwoyearsandusheredinthefirstlossafterlistingin2019;winerevenuehasdroppedyearbyyear,ande-commercebusinesshasaccountedforthereplacementofthePortuguese-Portugueseshares,andaftereightconsecutiveyearsofpositiveprofitTomeetthebreakthrough;affectedbytheadjustmentofindustrialstructureandtheimpactofimportedwines,HongKong-listedcompanyTongtianWinesandNewThirdBoardlistedwinecompanyFasetteWinehavebeenincontinuousoperationsince2016,accumulatinglossesforfourconsecutiveyears.Intermsofthedecreaseinnetprofit,thecompany’snetprofitdecreasedby845duetotheincreaseinrawmaterials,packagingmaterialscosts,andprovisionforfallingpricesforslow-movingproductsandtemporaryprotectionproducts.97%,thelargestdeclineinnetprofitamongthe12winecompanies.FortheNewThirdBoardlistedcompany,AromaticManor,thenetprofitdecreasedby259duetothedecreaseinsalesunitprice,lowergrossprofit,andincreasedexpenses.45%.Inadditiontotheintensifiedcompetitiveenvironment,theproductionandoperationdifficultiescausedbytheillegalguaranteesoflargeshareholdershavereducedSTWeilong’snetprofitby150.09%.Inaddition,YiyuanWinery,LoulanWinery,Yizhusharesalsodroppedby99%.51%,53.07%,7.83%.ThemainaccountingdataandfinancialindicatorsofTongpuPortugal’s2019annualreportinthepastthreeyearshavebeenlistedin12companies.Amongthelistedwinecompanies,theoverallrevenuereplacementreached83%,adecreasefrom2.16%to27.48%ranged.OnlyYiyuanWinesandFasetteWinesgrewagainstthetrend,buttheywerealsoaccompaniedbydistortionsoradeclineinnetprofit.Amongthem,*STChinaandPortugal,whichisonthevergeofdelistingandsuccessfullyturnedlossesin2019,sawthelargestdeclineinrevenue,reaching27.48%.Theindustryisstillundergoingin-depthadjustments.Intheeyesofsomepeople,thecompetitiveenvironmentfordomesticwinesin2019isstillfierce.”In-depthadjustments”canbedescribedasthebestperformanceoftheyear.AccordingtothereportoftheChinaWineIndustryAssociation,thedomesticwineindustryhasenteredanadjustmentperiodsince2013afterundergoinganaccelerateddevelopmentphasefrom2001to2012.In2014,afterashort-termrecoveryin2015,productionhasreappearedsince2016,andsuchindicators,suchasprofits,havefallenforthreeconsecutivetimes.”In2019,theChinesewineindustryisstillintheprocessofindustrialrestructuring,coupledwiththeimpactofimportedwine,whichhasledtoashrinkageofdomesticwineproductionandsales,agradualdeclineinmarketprofits,andtheoverallscaleofcontractionhasacceleratedfurtherthanin2018.”TongtianWinessaidinitsfinancialreportthatfactorssuchasstructuraladjustmentsinthedomesticeconomyanduncertaintyintheglobaltradingenvironmenthavefurtherforcedChina’swineindustrytoupgrade,marketconcentrationhasincreased,andcompanieshaveacceleratedtheirshifttomid-tohigh-endproductlayouts.STWeilongalsosaidthatin2019,domesticwineproduction,output,profit,andprofitfellthreetimes,theindustryasawholeenteredaperiodofdeepadjustment,OEMdecline,theriseofmajorbrands,marketintegrationhasintensified,andthetopdomesticwinecompanieshaveharvestedlargeProfitsinsomeindustries,whetherinlarge-scalesupermarketsorsmokinghotels,aregraduallysqueezingthemarketspaceofsmallandmedium-sizedenterprises.Atthesametime,importedwinescontinuetoimpactthedomesticwinemarket,andmarketcompetitioncontinuestobefierce.Reflectedinthefinancialreportdata,thedomesticwinebossChangyusharesreached50.RevenueofUS$3.1billion,accountingformorethan60%ofthetotalrevenueoftheabove12companies;11.Thenetprofitof300millionUSdollarsistothrowawaytheshell”severalstreets”,thesecondearlierMogaoshares(2742.740,000yuan)about40timeshigher.ThemainaccountingdataandfinancialindicatorsofChangyu’s2019annualreportarethatsomedistributorsbelievethatdomesticwineshavebeencompetinginthelowpricesegmentforalongtime.ExceptforChangyuandtheGreatWallcantakesomehigh-endwines,mostproductunitsdonotexceed100yuan.ManufacturersNotmakingmuchmoney,butalsolefttheimpressionofconsumers”low-end”ofdomesticwine.ThisviewwasalsoconfirmedbyaGermanandGermanwineimporter.Hebelievesthatdomesticwinesareconcentratedinthepricebandofaboutonehundredyuan,theprofitisverythin,andthecompany’sperformanceisnaturallynotup.InternalcontrolissuesneedtobevigilantInadditiontothesluggishperformancecausedbythecompetitiveenvironment,internalcontrolissuesofsomewinecompaniesalsoneedtobevigilant.ThefinancialreportshowsthatamajorfactorinthedeclineoftheDynastywineindustry’s2019performanceisthesignificantincreaseininventoryimpairmentreserves,ofwhichtheredwineinventoryimpairmentreserveincreasedfrom58inthepreviousyear.80,000increaseto308.80,000burns;whitewineinventoryimpairmentreserveincreasedto106from200,000burnsinthepreviousyear.40,000injections.WangchaoWinerystatedthatitsinventoryimpairmentanditsformerdistributorNingboNingtangWineIndustryCo.,Ltd.violatedthewarehousingcontract,andtheillegalsalesvaluewas0.1.6billionmanufacturedproducts.FromDecember2012toMarch2013,theDynastyWineIndustryAuditorhadreceived5anonymousreportlettersinwhichheaccusedtheDynastyWineIndustryofsellingtotheEastChinaregionalagentin2010.The300millioneurosofgoodsarefictitious,andthe500millionUSdollarsworthofwinethatwashoardedinthewarehousesofTaicang,Jiangsu,andZhangzhou,Fujian,inthesameyear,couldnotbesoldduetofactorssuchasmoldypackaging,excessivepesticideresidues,andbeyondtheshelflife.Affectedbytheincident,DynastyWineryimmediatelyconductedaninternalinvestigationandsuspendedtradingonMarch22,2013for6years.Italsomissedthedividendofdomesticwinerecoveryinrecentyears.AnotherpotentialcompanyworthwatchingisSTVeyron.SinceSeptember30,2019,WangZhenhai,theactualcontrollerofWeilongsharesandcontrollingshareholderWangZhenhai,hasbeenfrozenduetomultiplefinancialdebtsandprivatelendingdisputes.WangZhenhaialsousedtheconvenienceofhisduties,didnotconsolidatethecompany’sinternalprocedures,violatedtherulesofexternalguaranteesandconcealedrelatedguaranteesanddebtsinthenameofthecompany,andtheamountofillegalguaranteesamountedto2.500millionUSdollars,highbloodpressureledtotheimplementationofotherriskwarnings(ST)forWeilongshares,increasedrevenuein2019,andtransferofotherfinancingchannels,resultinginpartialoverduedebts.TheauditingagencybelievesthattheaforementionedeventsmakeSTWeilong’ssustainablemanagementcapability”significantuncertainty”,anddoesnotruleoutthepossibilityofreplacementofmajorshareholders.In2019,STChinaandPortugal,whichsuccessfullyreversedlossesandmetthetaxrebaterequirements,hadthepossibilityofimplementingotherriskwarnings(ST)onstocksduetocontinuedprofitabilitypressures,theholdingsofcontrollingshareholdersandtheirconcertedpartieswerefrozenby100%.The2019financialreportshowsthat*STSino-PortuguesecontrollingshareholderGuoanGroupanditsconcertedpartieshaveundergone20roundsoffreezingandwaitingforfreezing.Themaincauseofthedisputeisfinancialdebtcontractdisputes.DuetothetightliquidityofGuoanGroup,therehavebeensituationsinvolvingpublicbondreplacementinfullandontime,andadvancepaymentofguarantees.UnitedCreditRatingCo.,Ltd.hasdowngradedthelong-termcreditratingandrelatedbondratingsofGuoanGroupentitiesfromBBBtoC.Theincreaseintheepidemic’soutcomevariables.Inthecasewheredomesticwineproductionhasdeclinedforsixconsecutiveyearsandoverlapswiththenewcoronarypneumoniaepidemic,STChinaandPortugaladmittedthatthescaleofoperationsfacedbythecompanyin2020ismorecomplicatedandsevere.Intheearlystage,thenewcoronarypneumoniaepidemiccausedproductiontostart,andcustomerprocurementsufferedashort-termreduction.Affectedbytherelatedimpact,*STChinaandPortugalsalesinthefirstquarterweresluggish,withrevenueof957.830,000,down83eachyear.59%;netprofitis-1926.250,000yuan,down391everyyear.25%.Atthesametime,duetoanti-epidemiccrimes,*STChina-Portugalpredictsthattheproduction,transportationandsalesofinternalcompanyproductsinthefuturemaybeaffectedtovaryingdegrees.Affectedbytheepidemic,Changyu’sfirstquarterrevenueandnetprofitdataweresomewhatlower;Tongpu’srevenuefell43.15%,netprofitfell147.67%,probably63.360,000yuan;STWeilongrevenuefellby48.88%,probably3792.410,000yuan;Mogao’srevenuefellby70.26%,thenetprofitis-724.170,000yuan,down159peryear.28%.TongtianWineIndustrysaidthattheupstreamanddownstreamofthewineindustryandterminalretailwereaffected,traditionalmarketingactivitiessuchasexhibitionpromotionweredifficulttoachieveintheshortterm,andtheconsumptionshiftofresidentsmaycauseasignificantdecreaseinsalesinthefirstquarterofthedomesticwinemarketin2020.STVeyronalsosaidthatthroughthecomprehensiverecoveryofcateringhotelsandterminalconsumption,andthecompany’sexpansionofmarketingandpromotionefforts,operatingincomecansteadilyrebound,butitisstilldifficulttoachievesubstantialgrowthintheshortterm.Itisexpectedthatoperatingincomewillappearinthefirsthalfof2020Decline,andgraduallynetprofitwillreappear.Changyuexpectsthatduetotheuncertaintiescausedbythecountry’smacroeconomicgrowthforecast,Sino-UStradefrictionandthenewcrownepidemic,theoveralldemandfortheChinesewinemarketwillremainweakin2020,andwineconsumptionislikelytomaintainadownwardtrend.WineindustrybusinessleadersPeoplearemoresevere.Thecompanywilladheretothethree-focuseddevelopmentstrategyof”focusingonmid-to-highend,focusingonhighquality,focusingonlargesingleproducts”,andatthesametimestrengtheningthedevelopmentofonlinechannels,newretailchannels,bigbusinesschannelsandpersonalizedordergrouppurchasechannels.Althoughdomesticwinesarenotoptimisticintheshortterm,theyarestillgenerallyregardedas”notpessimisticinthelongterm”.AccordingtothereportofChinaWineIndustryAssociation,thewineindustryisstillinthestageofexpansiongrowth,andallbrandshaveopportunities.WiththeadjustmentofproductstructureandbrandstrategyofChangyu,GreatWallandotherheadenterprises,theywillgraduallyleadtheindustrytobreakthrough;whilethepersonalizedandextremeLoulan,CanaanMidi,Rongziandother”smallandbeautiful”Thewinerywillalsobeacatalystforthedevelopmentofthewineindustry.Sauna,nightnetGuoTiepicturesOrientalFortuneAPPscreenshoteditorXuJingjingproofreadingHeYan

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Cao Dewang: The Chinese economy cannot achieve independence without traditional manufacturing

CaoDewang:TheChineseeconomycannotachieveindependencewithouttraditionalmanufacturing TherisingcostofthemanufacturingindustrythathascontinuedtogrowhasledtothephenomenonthatsomeindustrialchainshaveshiftedtoSoutheastAsia.AccordingtoCaoDewang,ChairmanofFuyaoGroup,Chinamusthavealong-termprosperoustraditionalindustry,andtheseenterprisesmustberetained,otherwisetheChineseeconomycannotachieveindependence.SaunaNightNet:TherearealsomanypeoplewhobelievethattheindustriesrelocatedtoSoutheastAsiaarelow-endmanufacturing,andthereisnoneedtoretaintheselow-endenterprisesandlow-endindustries.CaoDewang:ThefoundationofChina’sindustrializationisalreadyverypoor.Theseenterpriseshavemovedaway.Whatareweleft?Ibelievethattheseenterprisesmustberetained,otherwisewewillregretitinthefuture.WeChinese,Chinesecompaniesaretooquicktogetquickresults,andoftendividetheindustryintohigh-endandlow-end.Intheeyesofmanypeople,theInternet,bigdataandinformatizationarehigh-endindustries,andmanufacturingmeanscheaplaborandlow-endindustries.Butaftertheoutbreak,anN95masksoldforuptoUS$175intheUnitedStatesandbecameahigh-endproduct.Fromthiswecanconcludethatthereareonlylow-endpeopleintheworldandnolow-endindustries.Throughthisepidemic,wemustalsoreflectonthatifthereisnotraditionalmanufacturingindustrysuchasepidemicpreventionmaterials,wemustalsorelyheavilyonimports.Chinamusthaveatraditionalindustrythathasbeenprosperousforalongtime,otherwisetheChineseeconomycannotachieveindependence.Ofcourse,aftertheepidemic,Chinahastoestablishanindependentlycompletedindustrialsystem.Inadditiontorebuildingtraditionalmanufacturing,itmustalsomastercoretechnology.Withoutcoretechnology,ithastobeconstrainedbyforeignindustrialchains.Atthesametime,manufacturingisthefoundationofthenationaleconomy.Ifthereisnobasictraditionalmanufacturingindustry,manyso-calledhigh-endindustrieswillnotdevelopatall.Inmyopinion,theInternetorchiptechnology,orbigdata,thesetechnologiesortoolscanimprovetheefficiencyofeconomicoperationanddevelopment.Butifthereisnomanufacturingindustry,thedevelopmentofhigh-endindustriesisimpossibletotalkabout.Itisasifthetableisfilledwithbeautifulanddelicateknivesandforks.Ifthereisnofood,whatdotheseknivesandforksdo?Itcanonlybefurnishings.Inthenationaleconomy,noonecanbeseparatedfromanyoneineachindustry,thereisnohigh-end,low-end,eachindustrymustcoordinatedevelopment,soastoformacompleteindustrialsystem.SaunaNightNet:Howtoretaintheseenterprises?CaoDewang:Excessiverealestateinvestmentleadstobankfunds,laborandotherresourceswillflowtorealestate,pushingupthecostofmanufacturing.Nolongerblindlyengageinrealestate,alargenumberofmanpower,fundsareleft.Sauna,YeWangHouRunfangInternZhaoFangyuanEditorLiWeijiaProofreadingChenDiyan

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