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Improve public services, help overcome poverty, lead green environmental protection and support small and medium-sized enterprises.
Multi-win situation of government procurement

In 2019, the national government procurement scale was 3,306.7 billion yuan, accounting for 10% and 3.3% of the national fiscal expenditure and GDP respectively. The government procurement system not only regulates and saves financial expenditure, but also undertakes more policy functions, which strongly supports the development of various national undertakings. With the continuous improvement of standardization and transparency of government procurement, it has a direct role in promoting budget performance management and promoting government affairs openness.

On December 29th, 2020, the Ministry of Finance and the Ministry of Industry and Information Technology jointly issued the Administrative Measures for Government Procurement to Promote the Development of Small and Medium-sized Enterprises to further support the development of small and medium-sized enterprises in the field of government procurement. Government procurement helps "small" and "micro", and the measures are practical.

In recent years, the term "government procurement" has frequently entered the public eye. What policy role can this expenditure mode play? How to further improve government procurement? The reporter conducted an interview on this.

The scope of government procurement is constantly expanding and its functions are constantly upgrading.

In 2019, the national government procurement scale was 3,306.7 billion yuan, accounting for 10% and 3.3% of the national fiscal expenditure and GDP respectively. The government procurement system not only regulates and saves financial expenditure, but also undertakes more policy functions, which strongly supports the development of various national undertakings.

-Improve the efficiency in the use of government procurement funds for public services and safeguard social public interests.

"Government purchasing services" is a major innovation in the way government services are provided in recent years-from the services required by the government to public services, from the initial sanitation cleaning services to public legal services, public cultural services, public sports services, medical and health services, education services, disabled services, old-age services, youth services and other fields.

On January 3, 2020, the Ministry of Finance promulgated the Measures for the Administration of Government Procurement of Services, which regulated the subjects, undertakers and contents of purchases. "In the future, public services in the field of people’s livelihood will be more provided by the market, and the government will choose to undertake the main link and apply the relevant policies and regulations on government procurement, which will enhance the cost performance of the purchased services and safeguard national interests and social public interests." Yang Zhiyong, vice president of the Institute of Finance and Economics of China Academy of Social Sciences, said.

-purchasing agricultural products from poverty-stricken areas to help fight poverty.

At present, "poverty-relief commodities" from 22 provinces and 832 poverty-stricken counties in China are being purchased in batches by budget purchasing units on the "online sales platform for agricultural and sideline products in poverty-stricken areas" built by the Ministry of Finance and the National Supply and Marketing Federation. As of December 27th, 2020, this government procurement e-commerce platform, referred to as "832 platform", has put more than 90,000 items on the shelves, with a total turnover of 8 billion yuan.

"Integrating government procurement policies into the fight against poverty will help the poor to increase their income and get rid of poverty, and promote the stable poverty alleviation of the poor and the sustainable development of industries in poverty-stricken areas." Shen Xuefeng, a researcher at the China Academy of Fiscal Science, said.

-expanding the scope of green procurement and giving play to the demonstration effect of environmental protection.

"Coal to electricity projects, urban black and odorous water treatment, water source protection, soil pollution prevention and control projects, mainly by government procurement. In addition, the use of energy-saving and environmentally-friendly products by government procurement has a significant leading demonstration effect on the formation of energy-saving and emission-reducing and green consumption habits in the whole society. " Yang Zhiyong said.

The data shows that in the "bill" of national government procurement in 2019, the national compulsory and priority procurement of energy-saving and water-saving products was 63.37 billion yuan, accounting for 90% of the procurement scale of similar products, and the national priority procurement of environmental protection products was 71.87 billion yuan, accounting for 88% of the procurement scale of similar products.

-expand the share of procurement contracts for small and medium-sized enterprises and support the realization of national macro-control objectives.

As early as 2011, the Ministry of Finance and the Ministry of Industry and Information Technology issued the Interim Measures for Government Procurement to Promote the Development of Small and Medium-sized Enterprises, which expanded the share of small and medium-sized enterprises in government procurement contracts through measures such as reserving shares and evaluating preferential treatment. In 2019, the contract amount awarded to small and medium-sized enterprises by national government procurement was 2,451.91 billion yuan, accounting for 74.1% of the national government procurement scale. The new policy at the end of 2020 will further expand the share of government procurement for small and medium-sized enterprises, which will more strongly support the development of such enterprises.

Improve the standardization and transparency of procurement, and promote the openness of government affairs by "understanding accounts"

In July, 2020, with the supplier successfully completing the online decryption of bidding documents in the remote bid opening hall of "Zhengcaiyun" platform of Guangxi Government Procurement Center, the property service procurement project of Guangxi Public Resource Trading Center entered the bid opening procedure.

"Opening bids without meeting" lightens the burden of bidding enterprises, is conducive to epidemic prevention and control, and also improves the procurement efficiency, which is the latest achievement of "internet plus government procurement" reform. Online operation in the whole process of bid opening and evaluation, leaving traces step by step, and open and transparent online inquiry and response can effectively reduce corruption in the field of government procurement.

"Since the 18th National Congress of the Communist Party of China, the government procurement management system has been improved day by day, and the system of government procurement transactions with public bidding as the main procurement method has been continuously enriched, the’ internet plus government procurement’ has been steadily promoted, the construction of central and local electronic stores has been strengthened, the procurement efficiency has been improved, the regulations and practices that hinder fair competition in the field of government procurement have been comprehensively cleaned up, and the business environment for government procurement has been optimized." The relevant person in charge of the Ministry of Finance said.

In recent years, it is the top priority of government procurement management to establish the whole process information disclosure mechanism and carry out "transactions under the sun". In 2020, the Ministry of Finance made it clear that all procurement projects implemented by the central budget units should disclose their procurement intentions to the public in accordance with regulations, further improve the transparency of government procurement, ensure all market entities to participate in government procurement activities on an equal footing, and improve procurement performance.

In recent years, all localities have continuously improved the transparency of procurement, and achieved remarkable savings. For example, the government procurement center of the central state organs saved 3,150,650 yuan in procurement funds in the disabled elderly care service project of the China Red Cross Society Career Development Center, with a saving rate of 39.38%.

"Improving the government procurement policy not only saves financial funds, but also has a direct role in promoting budget performance management, promoting government affairs openness and curbing corruption." Yang Zhiyong said.

Accelerate the establishment of a modern government procurement system, expand the scale of procurement and improve procurement efficiency.

"China’s government procurement system has made gratifying achievements, but it is not mature enough to fully meet the requirements of the current national governance capacity and modernization of the governance system." Xu Hongcai, Vice Minister of Finance, believes that there are some problems in the current government procurement system, such as extensive management of procurement transaction system, poor policy transmission mechanism, and the performance level of procurement agencies and evaluation experts needs to be improved.

In Xu Hongcai’s view, these problems will lead to low procurement efficiency and satisfaction, and limit the implementation effect of procurement policies.

To this end, the relevant person in charge of the Ministry of Finance said that in order to solve the current problems in government procurement, relevant reform measures will be steadily promoted in accordance with the requirements of the "Deepening the Reform Plan of Government Procurement System" adopted by the Central Committee for Deep Reform.

For example, in view of the shortcomings of the current government procurement law in the implementation process, the government procurement laws and regulations are revised. For another example, based on the principle of "who purchases, who is responsible", establish and improve the purchaser’s responsibility mechanism for procurement results, improve the internal control management of purchasers, and improve the purchaser’s professional procurement ability.

"In addition, it is necessary to further improve the government procurement transaction mechanism and strengthen the government procurement policy function." The person in charge said that it is necessary to promote the realization of the procurement goal of "high quality and good price", and clarify the application of different competition scopes and different procurement methods in combination with different project demand characteristics, performance objectives and market supply and demand, so as to improve procurement efficiency and capital application efficiency. At the same time, efforts should be made to build a standard system of government procurement requirements and improve the implementation measures of government procurement policies.

"International government procurement generally accounts for about 15% of GDP, and in China it is less than 4%, and there is still great potential to be tapped." Yang Zhiyong said that the government procurement laws and regulations system should be further improved, and a more scientific government procurement system should be designed according to the requirements of incentive compatibility mechanism, so as to stimulate the enthusiasm of government purchasers and fully release the policy role of government procurement. "In the final analysis, it is still necessary to accelerate the establishment of a modern government procurement system that adapts to the characteristics of market transactions and stimulates the enthusiasm of all participants." (Reporter Qu Zhehan)

Since the reform and opening up, especially since the 18th National Congress of the Communist Party of China, with the sustained and stable economic development, China’s industrial chain supply chain has made great progress, its core competitiveness has been continuously enhanced, and its independent and controllable ability has been further enhanced. China’s position in the global industrial chain supply chain continues to climb, which provides strong support for accelerating the construction of a modern economic system and promoting high-quality development.

At the same time, however, the unbalanced development of China’s industrial chain supply chain is more prominent, and different industries have obvious differences in development speed, development stage and modernization level. In particular, the world has entered a new period of turbulence and change, the game between big countries has intensified, the suppression and containment from outside may escalate at any time, the risk of "chain sticking" and "chain breaking" has increased, and the trend of "decoupling" is looming, which brings great challenges to the reliability and security of China’s industrial chain supply chain. Therefore, we must adhere to the bottom line thinking, plan ahead, speed up the short board, strong and weak items, focus on improving the resilience and safety level of the industrial chain supply chain, and firmly grasp the development initiative in our own hands.

First, accelerate the realization of high-level scientific and technological self-reliance. Based on independent innovation, we should make good use of the remarkable institutional advantages of "a national chess game" to concentrate on doing great things, give play to the basic and strategic supporting role of education, science and technology and talents, take the national strategic demand as the guide, gather strength to carry out original and leading scientific and technological research, speed up the breakthrough and self-control of key core technologies, reduce the dependence on foreign technologies, break the situation that key core technologies are subject to people as soon as possible, and make the supply chain of industrial chain "complement, extend, consolidate and strengthen"

The second is to strengthen the construction of the industrial chain supply chain ecosystem. It is necessary to give play to the leading role of scientific and technological innovation, solve a number of "stuck-neck" problems as soon as possible, open up blocking points and solve difficulties, especially to fill in outstanding shortcomings such as basic software, core hardware and basic raw materials, accelerate the improvement of the modernization level of industrial chain supply chain, and realize independent control of industrial chain supply chain; Consolidate and enhance the international leading position of traditional advantageous industries, build a coordinated industrial chain supply chain system with high, medium and low end, and enhance the toughness of industrial chain supply chain; Actively promote the international cooperation of industrial chain supply chain, establish an industrial chain supply chain ecosystem with China’s industrial chain supply chain as the core and radiate many aspects, and continuously enhance the international influence of China’s industrial chain supply chain.

The third is to continuously stimulate the vitality of market players. To improve the resilience and safety level of the industrial chain supply chain, the market subject is the core. Promote a better combination of effective market and promising government, create a market-oriented, rule-based and international first-class business environment, boost the development confidence of market participants, enhance their expectations, give full play to the engine function and radiation-driven role of leading enterprises, promote the mutual support and coordinated development of industrial chain and supply chain, create a number of "specialized and innovative" enterprises, breed more new industries, new models and new formats, form more new growth poles and points, and create new advantages of industrial chain and supply chain.

(national academy of economic strategy researcher Zhang Deyong)

(Central Radio and Television General Station CCTV Network)

Notice on printing and distributing the Interim Measures for the administration of competitive consultation procurement methods in government procurement

Caiku [2014] No.214

Relevant departments of the CPC Central Committee, ministries and commissions of the State Council, directly affiliated institutions, General Office of the National People’s Congress Standing Committee (NPCSC), General Office of Chinese People’s Political Consultative Conference, High Court, Supreme People’s Procuratorate, relevant people’s organizations, finance departments (bureaus) of all provinces, autonomous regions, municipalities directly under the Central Government and cities with separate plans, Finance Bureau of Xinjiang Production and Construction Corps, and centralized procurement institutions:

　　In order to deepen the reform of the government procurement system, adapt to the needs of promoting the government to purchase services and promoting the cooperation between government and social capital (PPP), according to the Government Procurement Law of People’s Republic of China (PRC) and relevant laws and regulations, the Ministry of Finance has formulated the Interim Measures for the Administration of Competitive Consultation in Government Procurement. It is issued to you, please follow it.

　　Annex: Interim Measures for the Administration of Competitive Consultation Procurement Mode of Government Procurement

the Ministry of Finance

　　December 31, 2014

　　attachment

　　Interim Measures for the Administration of Competitive Consultation Procurement Methods of Government Procurement

　　Chapter I General Provisions

　　Article 1 These Measures are formulated in accordance with Item 6, Paragraph 1, Article 26 of the Government Procurement Law of People’s Republic of China (PRC) (hereinafter referred to as the Government Procurement Law) for the purpose of regulating government procurement behavior and safeguarding national interests, social public interests and the legitimate rights and interests of parties involved in government procurement.

　　Article 2 The term "competitive negotiation procurement mode" as mentioned in these Measures means that the purchaser and the government procurement agency negotiate with qualified suppliers on the procurement of goods, projects and services through the establishment of a competitive consultation group (hereinafter referred to as the consultation group), and the suppliers submit response documents and quotations according to the requirements of the consultation documents, and the purchaser determines the procurement mode of the clinched supplier from the list of candidate suppliers proposed after the review of the consultation group.

　　Article 3 Projects that meet the following conditions may be purchased through competitive negotiation:

　　(1) Services purchased by the government;

　　(two) the technology is complex or special, and it is impossible to determine the detailed specifications or specific requirements;

　　(3) The total price cannot be calculated in advance because the time and quantity of art procurement, patents, proprietary technology or services cannot be determined in advance;

　　(four) scientific research projects with insufficient market competition, as well as scientific and technological achievements transformation projects that need support;

　　(five) in accordance with the bidding law and its implementing regulations, the construction projects other than the construction projects that must be tendered.

　　Chapter II Consultation Procedures

　　Article 4 Where the procurement of goods and services that meet the standard of open tender amount intends to adopt the competitive negotiation procurement method, the purchaser shall, before the start of procurement activities, apply to the financial department of the people’s government at or above the municipal or autonomous prefecture level for approval according to law after reporting to the competent budget unit for approval.

　　Article 5 Purchasers and procurement agencies shall organize competitive consultations in accordance with the provisions of the Government Procurement Law and these Measures, and take necessary measures to ensure that the consultations are conducted in strict confidentiality.

　　No unit or individual may illegally interfere with or influence the negotiation process and results.

　　Article 6 A purchaser and a procurement agency shall invite at least three suppliers who meet the corresponding qualifications to participate in competitive negotiation and procurement activities by issuing an announcement, randomly selecting from the supplier library established by the financial department at or above the provincial level, or recommending in writing by the purchaser and the evaluation experts respectively.

　　Suppliers who meet the requirements stipulated in the first paragraph of Article 22 of the Government Procurement Law may join the supplier library before the procurement activities begin. The financial department shall not charge any fees for the supplier’s application for warehousing, and shall not use the supplier’s library to block the region and industry.

　　If the supplier is selected by the written recommendation of the purchaser and the evaluation experts, the purchaser and the evaluation experts shall issue their own written recommendations. The proportion of suppliers recommended by the purchaser shall not be higher than 50% of the total number of recommended suppliers.

　　Article 7 Where a supplier is invited by announcement, the purchaser and the procurement agency shall issue a competitive consultation announcement in the government procurement information release media designated by the financial department of the people’s government at or above the provincial level. The announcement of competitive consultation shall include the following main contents:

　　(a) the name, location and contact method of the purchaser and the procurement agency;

　　(two) the name, quantity, brief specification description or basic introduction of the procurement project;

　　(three) the budget of the procurement project;

　　(4) Qualifications of suppliers;

　　(five) the time, place and method of obtaining the consultation documents and the price of the consultation documents;

　　(6) The deadline, opening time and place for submitting the response documents;

　　(seven) the name and telephone number of the contact person of the procurement project.

　　Article 8 Competitive consultation documents (hereinafter referred to as consultation documents) shall be formulated according to the characteristics of the procurement project and the actual needs of the purchaser, and shall be approved by the purchaser in writing. The purchaser shall take meeting the actual demand as the principle, and shall not raise the procurement standards such as budget and asset allocation without authorization.

　　Consultation documents shall not require or indicate the name of suppliers or the brand of specific goods, and shall not contain conditions such as technology and services directed to specific suppliers.

　　Article 9 The consultation documents shall include supplier qualification conditions, procurement invitation, procurement method, procurement budget, procurement demand, government procurement policy requirements, evaluation procedures, evaluation methods, evaluation criteria, price composition or quotation requirements, preparation requirements of response documents, the amount and form of deposit payment, the situation that the deposit will not be returned, the contents that may be substantially changed during the consultation, the deadline for submission of response documents, the opening time and place, and the terms of the draft contract, etc.

　　Article 10 It shall not be less than 10 days from the date when the consultation document is issued to the deadline when the supplier submits the first response document.

　　The selling price of consultation documents shall be determined in accordance with the principle of making up the production cost of consultation documents, and shall not be for profit, and shall not be based on the project budget. The sale period of the consultation documents shall not be less than 5 working days from the date of commencement.

　　Before the deadline for submitting the first response document, the purchaser, the procurement agency or the consultation group may make necessary clarifications or amendments to the issued consultation document, and the contents of the clarifications or amendments shall be regarded as an integral part of the consultation document. If the clarification or modification may affect the preparation of the response document, the purchaser and the procurement agency shall notify all suppliers who have obtained the consultation document in writing at least 5 days before the deadline for submitting the first response document; If it is less than 5 days, the purchaser and the procurement agency shall postpone the deadline for submitting the first response document.

　　Article 11 A supplier shall prepare a response document according to the requirements of the consultation document, and bear legal responsibility for the authenticity and legality of the response document submitted by it.

　　Article 12 The purchaser and the procurement agency may require the supplier to pay the negotiation deposit before the deadline for submitting the response documents. The negotiation deposit shall be paid in non-cash forms such as checks, drafts, promissory notes or letters of guarantee issued by financial institutions and guarantee institutions. The amount of negotiation deposit shall not exceed 2% of the procurement project budget. If the supplier fails to submit the negotiation deposit according to the requirements of the negotiation documents, the response is invalid.

　　If the supplier is a consortium, one or more parties in the consortium can jointly pay the negotiation deposit, and the deposit paid by them is binding on all parties in the consortium.

　　Article 13 The supplier shall seal the response document and deliver it to the designated place before the deadline required by the consultation document. The response documents delivered after the deadline are invalid documents, and the purchaser, procurement agency or consultative group shall reject them.

　　Before the deadline for submission of response documents, the supplier may supplement, modify or withdraw the submitted response documents, and notify the purchaser and procurement agency in writing. The supplemented and modified contents shall be taken as an integral part of the response document. If the content of supplement and modification is inconsistent with the response document, the content of supplement and modification shall prevail.

　　Article 14 The consultative group shall consist of three or more representatives of the purchaser and review experts, and the number of review experts shall not be less than 2/3 of the total number of members of the consultative group. The purchaser’s representative shall not participate in the evaluation of the procurement projects of the department or the unit as an evaluation expert. Personnel of a procurement agency shall not participate in the review of procurement projects represented by this agency.

　　For government procurement projects that adopt competitive negotiation, the evaluation experts shall be randomly selected from the list of experts in relevant professions in the government procurement evaluation expert database. In accordance with the provisions of Article 3, paragraph 4 of these Measures, and in special circumstances, it is difficult to determine the appropriate evaluation experts through random methods. With the consent of the competent budget unit, the evaluation experts can be selected by themselves. For procurement projects with complex technology and strong professionalism, one legal expert shall be included in the evaluation experts.

　　Fifteenth evaluation experts shall abide by the discipline of evaluation work, and shall not disclose the evaluation situation and the business secrets learned during the evaluation.

　　In the process of evaluation, the consultative group finds that the supplier has committed illegal acts such as bribery, providing false materials or collusion, and shall report to the financial department in time.

　　Experts who have been illegally interfered in the evaluation process shall report to the finance and supervision departments in a timely manner.

　　Sixteenth members of the consultative group shall, in accordance with the principles of objectivity, impartiality and prudence, conduct independent evaluation according to the evaluation procedures, evaluation methods and evaluation standards stipulated in the consultation documents. The response documents that do not substantially respond to the consultation documents shall be treated as invalid responses, and the consultation team shall inform the suppliers that submitted the response documents.

　　If the contents of the consultation documents violate the relevant mandatory provisions of the state, the consultation group shall stop the review and explain the situation to the purchaser or procurement agency.

　　Seventeenth buyers, procurement agencies shall not make biased and misleading explanations or explanations to the evaluation experts in the consultative group.

　　The purchaser and procurement agency may, depending on the specific situation of the procurement project, organize the supplier to conduct on-site inspection or hold a question-and-answer meeting before the consultation, but shall not organize the on-site inspection and question-and-answer meeting with only one supplier separately or separately.

　　Article 18 When reviewing the validity, completeness and response degree of the response documents, the consultative group may require the suppliers to make necessary clarifications, explanations or corrections to the contents in the response documents that are ambiguous in meaning, inconsistent in the expression of similar problems, or have obvious errors in writing and calculation. The supplier’s clarification, explanation or correction shall not go beyond the scope of the response document or change the substantive content of the response document.

　　The response documents required by the consultative group for suppliers to clarify, explain or correct shall be made in writing. The clarification, explanation or correction of the supplier shall be signed or stamped with the official seal by the legal representative or his authorized representative. Signed by an authorized representative, a power of attorney from the legal representative shall be attached. If the supplier is a natural person, it shall be signed by himself and attached with identification certificate.

　　Article 19 All members of the consultative group shall focus on separate consultations with a single supplier, and give all suppliers participating in the consultations equal consultation opportunities.

　　Article 20 During the consultation, the consultative group may substantially change the technical and service requirements in the procurement requirements and the terms of the draft contract according to the consultation documents and the consultation situation, but shall not change other contents in the consultation documents. The content of substantive changes shall be confirmed by the purchaser’s representative.

　　The substantive changes made to the consultation document are an effective part of the consultation document, and the consultation team shall notify all the suppliers participating in the consultation in writing in time.

　　The supplier shall resubmit the response document according to the changes of the consultation document and the requirements of the consultation group, and sign or affix the official seal by its legal representative or authorized representative. Signed by an authorized representative, a power of attorney from the legal representative shall be attached. If the supplier is a natural person, it shall be signed by himself and attached with identification certificate.

　　Article 21 If the consultation document can specify the technical and service requirements of the subject matter of the procurement in detail, after the negotiation, the consultation group shall require all the suppliers who have substantially responded to submit the final quotation within the specified time, and the number of suppliers who have submitted the final quotation shall not be less than three.

　　If the technical and service requirements of the procurement target cannot be specified in detail in the consultation document, and the final design scheme or solution needs to be provided by the supplier after consultation, after the consultation, the consultation team shall vote to recommend the design schemes or solutions of more than three suppliers according to the principle that the minority is subordinate to the majority, and ask them to submit the final quotation within the specified time.

　　The final quotation is an effective part of the supplier’s response document. In case of meeting Item 4 of Article 3 of these Measures, there may be two suppliers who submit the final quotation.

　　Twenty-second suppliers who have submitted response documents may withdraw from the negotiation according to the negotiation situation before submitting the final quotation. The purchaser and the procurement agency shall refund the consultation deposit of the supplier who has withdrawn from the consultation.

　　Article 23 After the final purchase demand and the supplier who submitted the final quotation are determined through consultation, the consultation team will comprehensively score the response documents and the final quotation of the supplier who submitted the final quotation by using the comprehensive scoring method.

　　Comprehensive scoring method refers to the evaluation method that the response documents meet all the substantive requirements of the consultation documents and the supplier with the highest score is the candidate supplier for the transaction according to the quantitative indicators of the evaluation factors.

　　Twenty-fourth comprehensive evaluation criteria in the score setting should be corresponding to the quantitative indicators of evaluation factors. The evaluation criteria not specified in the consultation document shall not be used as the basis for evaluation.

　　During the review, each member of the consultative group shall independently evaluate and score each effective response document, and then summarize the scores of each scoring factor of each supplier.

　　According to the comprehensive scoring method, the price score of goods accounts for 30% to 60% of the total score, and the price score of services accounts for 10% to 30% of the total score. If there are different procurement objects in the procurement project, the procurement object with the highest proportion of project funds shall determine its project attributes. In line with the provisions of the third paragraph of Article 3 of these Measures and the implementation of unified price standards, the price of the project is not listed as a scoring factor. There are special circumstances that need to set the price distribution weight outside the above-mentioned provisions, which shall be approved by the financial department of the people’s government at the corresponding level.

　　The price score in the comprehensive scoring method is calculated by the low price priority method, that is, the price of the supplier who meets the requirements of the negotiation documents and finally offers the lowest price is the negotiation benchmark price, and its price score is full marks. The prices of other suppliers are calculated in accordance with the following formula:

　　Negotiation quotation score = (negotiation benchmark price/final negotiation quotation) × price weight ×100

　　In the process of project review, the highest and lowest quotations in the final quotation shall not be removed.

　　Article 25 The consultative group shall, according to the comprehensive scores, recommend more than three candidate suppliers for the transaction in the order of the evaluation scores from high to low, and prepare the evaluation report. In accordance with the third paragraph of article twenty-first of these measures, two candidate suppliers can be recommended. If the evaluation scores are the same, it shall be recommended according to the order of the final quotation from low to high. If the evaluation score is the same and the final quotation is the same, it shall be recommended in the order of technical indicators.

　　Article 26 The review report shall include the following main contents:

　　(a) the specific ways and relevant information of inviting suppliers to participate in procurement activities;

　　(two) the date and place of opening the response document;

　　(3) A list of suppliers who have obtained the consultation documents and a list of members of the consultation group;

　　(4) Records and explanations of the review, including the qualification review of suppliers, the review of suppliers’ response documents, consultations, quotations, etc.;

　　(5) The ranking list of the proposed candidate suppliers for the transaction and the reasons.

　　Twenty-seventh review report shall be signed by all the members of the consultative group. If the members of the consultative group disagree with the review report, the consultative group will recommend the candidate suppliers for the transaction according to the principle that the minority is subordinate to the majority, and the procurement procedure will continue. Members of the consultative group who have objections to the review report shall sign different opinions on the report and explain the reasons, and the consultative group shall record the relevant information in writing. If the members of the consultative group refuse to sign the report and do not explain their different opinions and reasons in writing, they shall be deemed to have agreed to review the report.

　　Twenty-eighth procurement agencies shall, within 2 working days after the end of the review, send the review report to the purchaser for confirmation.

　　The purchaser shall, within 5 working days after receiving the evaluation report, determine the transaction supplier from the candidate suppliers proposed in the evaluation report according to the principle of ranking from high to low, or authorize the consultation group to directly determine the transaction supplier in writing. If the purchaser fails to determine the supplier of the transaction within the time limit and does not raise any objection, it shall be deemed that the supplier ranked first in the evaluation report is determined as the supplier of the transaction.

　　Article 29 The purchaser or procurement agency shall, within 2 working days after the supplier is confirmed, announce the transaction result on the government procurement information release media designated by the financial department at or above the provincial level, and issue a transaction notice to the supplier at the same time, and announce the negotiation documents together with the transaction result. The announcement of the transaction result shall include the following contents:

　　(a) the name, address and contact information of the purchaser and the procurement agency;

　　(2) Project name and project number;

　　(three) the name, address and transaction amount of the supplier;

　　(four) the name, specifications, quantity, unit price and service requirements of the main transaction targets;

　　(5) List of members of the Consultative Group.

　　If a supplier is recommended in writing to participate in procurement activities, the recommendation opinions of the purchaser and the evaluation experts shall also be announced.

　　Article 30 The purchaser and the supplier shall, within 30 days from the date of issuing the notice of transaction, sign the government procurement contract according to the contract text determined in the consultation document, as well as the procurement subject matter, specifications and models, purchase amount, purchase quantity, technology and service requirements.

　　The purchaser shall not put forward any requirements beyond the negotiation documents to the supplier as a condition for signing the contract, and shall not conclude an agreement with the supplier that deviates from the contract text determined in the negotiation documents and the substantive contents such as the procurement target, specifications, purchase amount, purchase quantity, technology and service requirements.

　　Article 31 The purchaser or procurement agency shall return the negotiation deposit of the supplier in time after the procurement activities, except that it cannot be returned in time due to the supplier’s own reasons. The negotiation deposit of unsuccessful suppliers shall be returned within 5 working days after the transaction notice is issued, and the negotiation deposit of successful suppliers shall be returned within 5 working days after the signing of the procurement contract.

　　In any of the following circumstances, the negotiation deposit will not be refunded:

　　(1) The supplier withdraws the response documents after the deadline for submitting the response documents;

　　(2) The supplier provides false materials in the response document;

　　(3) The supplier fails to sign a contract with the purchaser, except for cases recognized by force majeure or negotiation documents;

　　(four) suppliers and purchasers, other suppliers or procurement agencies in bad faith;

　　(5) Other circumstances stipulated in the consultation document.

　　Article 32 The purchaser or procurement agency shall not organize re-evaluation for any reason, except that the qualification inspection finds errors, the scores are calculated incorrectly, the sub-items are beyond the scope of scoring standards, the objective scores are inconsistent, and the scores are unanimously determined by the consultation group to be abnormally high or abnormally low. If the purchaser or procurement agency finds that the consultative group has not conducted the review according to the review criteria stipulated in the consultation document, it shall re-launch the procurement activities and report to the financial department at the same level in writing.

　　The purchaser or procurement agency shall not change the evaluation results by testing samples or inspecting suppliers.

　　Article 33 Where a supplier refuses to sign a government procurement contract, the purchaser may determine other suppliers as the supplier and sign a government procurement contract according to the principle stipulated in the second paragraph of Article 28 of these Measures, or may resume procurement activities. The supplier who refuses to sign the government procurement contract shall not participate in the procurement activities of the project.

　　Article 34 Under any of the following circumstances, the purchaser or procurement agency shall terminate the competitive negotiation procurement activities, issue a project termination announcement and explain the reasons, and resume the procurement activities:

　　(a) due to changes in circumstances, it no longer meets the requirements of the application of competitive negotiation procurement methods;

　　(two) there are violations of laws and regulations that affect the procurement justice;

　　(3) Except for the circumstances specified in the third paragraph of Article 21 of these Measures, there are less than three suppliers who meet the requirements in the procurement process or whose quotations do not exceed the procurement budget.

　　Article 35 If the procurement task is cancelled due to major changes in the procurement activities, the purchaser or procurement agency shall terminate the procurement activities, notify all suppliers participating in the procurement activities, and report the project implementation and the reasons for canceling the procurement task to the financial department at the same level.

　　Chapter III Supplementary Provisions

　　Article 36 If there are other provisions in the relevant legal system on the competitive negotiation and procurement of government and social capital cooperation projects, those provisions shall prevail.

　　Thirty-seventh the term "competent budget unit" as mentioned in these Measures refers to the state organs, institutions and organizations responsible for compiling departmental budgets and reporting budgets to the financial departments at the same level.

　　Article 38 These Measures shall come into force as of the date of promulgation.

[Global Network Comprehensive Report] On January 17, a press conference was held at the National Health and Wellness Commission to introduce the health-related situation of seasonal solar terms. How to judge whether it is the flu or the common cold? Do I have to go to the hospital after I get the flu? Won’t you get the flu if you’ve been vaccinated against the flu? In response to these questions, the participating experts gave authoritative answers.

When cold symptoms appear, how to judge whether it is flu or common cold?

Li Dong, the chief physician of Beijing You ‘an Hospital, once said that when we have symptoms, we can initially analyze whether it is influenza or common cold from the epidemiological history and symptoms.

In the history of epidemiology, in the winter and spring when influenza is high, if you have high fever, cough, sore throat, muscle aches, fatigue and other symptoms after close contact with influenza cases, it is probably influenza. The common cold generally has no clear source of infection.

From the symptoms, the flu symptoms are more severe, and the onset is urgent, accompanied by systemic symptoms such as high fever, headache, muscle aches and special fatigue above 38.5℃. The common cold is usually low or moderate fever, or even no fever. The symptoms are mainly nasal congestion, runny nose and sneezing, which are relatively mild.

Do I have to go to the hospital after I get the flu?

Li Dong once said that for flu patients, those with mild symptoms can be isolated at home, and antipyretic and analgesic drugs and expectorant and antitussive drugs can generally recover in about 7 days. If you have high fever above 39℃ and the antipyretic drugs are not effective during home isolation, or you have severe symptoms such as severe cough, shortness of breath, chest tightness and breath-holding, as well as severe headache, frequent vomiting, confusion, etc., or the symptoms have not eased for more than 5 days, it is recommended to seek medical advice in time.

What are the precautions for home rehabilitation?

Li Dong once said that adequate rest is conducive to recovery. It is not recommended to go to work, go to school, visit relatives and friends or attend parties when sick, and avoid receiving visiting relatives and friends during illness to reduce the risk of infection. When resting at home, those who can afford it should stay in a separate room, those who can’t should try to keep their distance from their families, open more windows for ventilation, and wear masks when contacting their families. Cover your nose and mouth with paper towels or elbows when sneezing or coughing. Throw the used paper towels into the covered trash can immediately and wash your hands in time.

Li Dong once reminded that the elderly, pregnant women, children, immunocompromised people and moderately obese people are high-risk people with severe influenza. Once they get the flu, it is recommended to treat them as soon as possible under the guidance of a doctor. During the period of rest and isolation at home, we should pay attention to rational drug use and avoid abusing antibiotics, because antibiotics are ineffective against virus infection.

How to effectively prevent influenza?

Wang Dayan, a researcher at the Institute of Viral Disease Prevention and Control of China Center for Disease Control and Prevention, said that the most effective and economical way to prevent influenza is to vaccinate against influenza, which can significantly reduce the risk of morbidity and serious complications. Although vaccination is recommended before the influenza epidemic season, as long as individuals are not infected, vaccination can prevent influenza, alleviate symptoms, shorten the course of disease, and significantly reduce the risk of developing into severe illness and death.

"However, getting the flu vaccine doesn’t mean that you won’t get the flu at all." Wang Dayan said that the flu vaccine only targets the flu virus and has no protective effect on other pathogens of acute respiratory infections. After vaccination, it usually takes some time to produce enough antibodies to achieve the protective effect, so even after vaccination, protective measures still need to be taken.

In addition, Wang Dayan reminded that after the recovery of acute respiratory infections such as influenza and pneumonia, influenza vaccination can prevent influenza and other types of influenza. During the epidemic season, people who have not been vaccinated in time, especially the elderly, infants, patients with chronic diseases and their families living together, should be vaccinated as soon as possible, and early vaccination will benefit early.

Won’t you get the flu if you’ve been vaccinated against the flu?

Li Dong once said that people who are still infected with influenza virus after being vaccinated do, but compared with those who have not been vaccinated, the risk of being infected with influenza virus is significantly reduced, and the symptoms of influenza after infection are relatively mild and the risk of severe illness is lower. For example, there can be no high fever, only low fever or no fever, and the cough lasts for a short time, so you can recover faster.

Li Dong once suggested that those who have not been vaccinated against influenza this year and have not been infected with influenza yet should be vaccinated as soon as possible. People who have been infected with influenza virus can have some immunity to the subtype of influenza virus infected this time, and it is very unlikely that they will be infected with the same subtype again in a short period of time, but there is no protection for other influenza strains. At present, more than 99% of the influenza strains prevalent in China are H1N1 subtype of influenza A, which can be protected after infection, but influenza vaccines are usually trivalent or tetravalent vaccines. If you vaccinate after infection, you can also obtain the protection of influenza A H3N2 strain and influenza B strain. So even if you have had the flu once, you can gain resistance to the other two strains after vaccination.

How to use drugs scientifically for influenza patients?

Recently, mabaloxavir and oseltamivir, two influenza drugs, have attracted more attention on the Internet. Li Dong once said that at present, only mabaloxavir is approved for the treatment of influenza in China, but it has not been approved for post-exposure prevention. Pay attention to the following points when using mabaloxavir to treat influenza:

Use as soon as possible: antiviral drugs should be used as soon as possible, and mabaloxavir suggests using them within 48 hours of onset to achieve the best effect.

Applicable people: Mabaloxavir is currently only approved for antiviral treatment for people aged 5 years and above. Oseltamivir should be used in the treatment of influenza in children under 5 years old. For pregnant women and lactating women, it is suggested to choose oseltamivir for antiviral treatment because of the lack of data on the use of mabaloxavir.

Drug interaction: Mabaloxavir may interact with other drugs when used together. If you need to use this drug, be sure to inform your doctor about other drugs you are using (including over-the-counter drugs and health care products) to avoid potential drug interactions.

Pay attention to allergic reaction: If you have allergic symptoms such as rash, itching, dyspnea or other serious discomfort during the use of mabaloxavir, you should stop taking the drug immediately and seek medical attention.

Li Dong once reminded that one or two "star drugs" should not be relied too much when treating influenza. Scientific use of symptomatic drugs and adequate rest are conducive to faster recovery.

How do the elderly cope with the flu challenge?

Li Jing, the chief physician of Beijing Hospital, said that the physical resistance of the elderly is weaker than that of the young people, and the flu symptoms may be more serious, such as a long duration of fever, which may easily lead to complications such as pneumonia and respiratory failure, and the recovery rate of the disease is slow. Daily protection is very important. Influenza is a respiratory infectious disease. Older people should wear masks when going out, and try to avoid shopping malls, markets and other crowded places with poor air circulation. At the same time, we should pay attention to increasing or decreasing clothes according to the weather changes to keep warm and cold. Always ventilate at home to keep the air fresh.

Li Jing said that if the elderly are infected with flu and have mild symptoms (such as sore throat, cough, runny nose, etc.), they can rest at home first, drink more water, eat light food, keep their stools unobstructed, and use drugs appropriately to relieve symptoms. However, once there are serious symptoms such as persistent high fever, a lot of thick sputum, dyspnea and listlessness, you should go to the hospital immediately to avoid delaying your illness. When taking care of the elderly with influenza, family members should also pay attention to avoid cross-infection. Besides washing your hands frequently, you should try to wear a mask when you are in contact with the elderly.

Customs officers of Guangzhou Customs instruct enterprise staff to use the customs self-service terminal to handle business.

Guangzhou customs officers inspect the production of dairy products in import and export enterprises. Photo courtesy of Guangzhou Customs

　　Is it cumbersome for export cosmetics manufacturers to go through customs filing procedures? How to go through customs clearance procedures? How to apply for cosmetic inspection? How to become a customs AEO enterprise? On August 30th, Guangzhou Customs held a special presentation on the policy of "Customs Entering Enterprises" and "How to Go Global for Cosmetic Enterprises", and answered questions on export cosmetics, customs credit management and other related policies throughout the chain. More than 100 representatives from more than 80 export cosmetics manufacturers returned home with full loads.

　　Since the beginning of this year, in order to further optimize the business environment and promote the facilitation of cross-border trade, Guangzhou Customs has organized more than 20 seminars on the credit system, and given special guidance on AEO standards to more than 2,000 enterprises. First, it has tried some measures such as simplifying the filing of export cosmetics manufacturers and "internet plus’s voluntary disclosure", such as "reducing licenses to facilitate people" and "promoting business with integrity", accelerating the promotion of "Internet+government services" and speeding up the construction of "smart customs". In August, the overall customs clearance time of Guangzhou Customs was 25.22 hours for imported goods and 2.71 hours for exported goods, both of which were reduced by more than 60% compared with 2017.

　　"One Form" to Complete Enterprise Filing

　　Make government services easier.

　　"The biggest feeling is that there are fewer materials to be handed in. Not only do you need to provide business-related materials, but you don’t need to submit the industrial and commercial business license. You only need a piece of A4 paper to print the Information Filing Form for Export Cosmetic Manufacturers," said Xu Yandan, a salesman of Guangdong Rubik’s Cube Cosmetic Technology Co., Ltd. On August 22nd, less than an hour after applying for filing with Tianhe Customs, which belongs to Guangzhou Customs, Xu Yandan only filled in a form and completed all the formalities of filing for export cosmetics manufacturers.

　　In order to further "reduce the license and facilitate the people", Guangzhou Customs went into the enterprise to carry out extensive investigation and research. In view of the problem that enterprises report a large number of application materials for the record of export cosmetics production enterprises, we will organize a special demonstration, try to simplify them first in the country, and make it clear that materials that can be replaced by online verification or notification of commitments, and that the customs can independently verify them do not need to be submitted to the customs repeatedly.

　　"Can ‘ Reduce the certificate ’ It’s because Guangzhou Customs has been promoting the informatization construction, connecting with the data of the local government’s commercial subject information platform, and exempting enterprises from submitting the verifiable enterprise market supervision (industry and commerce) registration information and unified social credit code repeatedly, "said Li Xiaohong, head of Tianhe Customs under Guangzhou Customs.

　　On the basis that the General Administration of Customs has simplified and integrated the deployment of the documents attached to the import declaration in the early stage, Guangzhou Customs has continued to streamline the documents and materials required for import and export customs clearance, and promoted paperless and online customs clearance. Cancel the enterprise-related list, invoice and paper declaration power of attorney, and the enterprise will provide it in a paperless way when it is really necessary for customs examination. Fully promote the application function of "single window" standard edition, realize enterprises to print export certificates of origin through "single window", promote the functions of tax reduction and exemption review and confirmation and follow-up management business application, and promote the self-printing of "special customs payment book" At the same time, electronic seals such as administrative seal and special seal for administrative license are fully enabled on the online processing platform of customs administrative examination and approval, effectively solving the "last mile" problem of online processing of customs administrative examination and approval.

　　Average customs clearance time of AEO enterprises in the first eight months

　　41% faster than ordinary enterprises

　　"After becoming an AEO advanced certification enterprise, on the one hand, the company’s customs clearance at home and abroad is more convenient, the delivery time is shortened, and the business reputation is more guaranteed; On the other hand, foreign customers are more willing to cooperate with customs high-credit enterprises, and our competitiveness in the international market has been improved. " Liu Jianhui, CEO of Guangdong Jianmei Aluminum Profile Factory (Group) Co., Ltd. said, "According to preliminary statistics, the company’s cargo inspection rate, customs clearance time and customs clearance cost have all decreased by about 40%. The total export trade in the first eight months of this year was about 14.46 million US dollars, an increase of about 21% year-on-year."

　　AEO is the abbreviation of "certified operator", and customs AEO enterprises include advanced certification enterprises and general certification enterprises. AEO system mainly certifies enterprises with high credit status, law-abiding degree and safety level through customs, and certified enterprises can get customs clearance facilities, such as giving priority to customs clearance procedures, reducing the rate of goods inspection, offering preferential tax guarantee, setting up coordinators to solve problems encountered in customs clearance, greatly shortening customs clearance time and enjoying joint incentives from relevant state departments. Up to now, China Customs has achieved AEO mutual recognition with 41 countries and regions in 14 economies, including Singapore, South Korea, European Union, Switzerland, New Zealand, Israel and Japan, and given each other convenient measures for AEO enterprises.

　　Liang Huiqi, director of the Enterprise Management and Inspection Department of Guangzhou Customs, said that becoming an AEO advanced certification enterprise is equivalent to getting a "green pass" for international trade. Customs in different countries can give preferential and convenient measures to AEO enterprises in the other country through AEO mutual recognition system. In this way, whether Chinese enterprises "go out" or foreign goods "are brought in", it is more convenient and time-saving, safe, fast and low-cost.

　　The data shows that this year is 1-mdash; In August, the average import clearance time of AEO enterprises in Guangzhou customs clearance area was 4.16 hours, 41% faster than that of general credit enterprises. At present, the number of AEO enterprises in Guangzhou customs area has reached 1217, 1-mdash; In August, the import and export value exceeded $66 billion, accounting for more than 53% of the total import and export value of enterprises in the customs area. Guangzhou Customs also cooperated with 33 local government departments to implement 20 joint incentive measures, and 376 AEO enterprises enjoyed such conveniences as giving priority to export tax rebates.

　　"Active disclosure" encourages enterprises to be more law-abiding.

　　Implementing "Trust Management" to Reduce Burden and Increase Efficiency

　　"In the process of internal audit, the company found that a charge to be paid was related to imported goods, but it was not determined whether to pay when the goods were imported, so it was not declared to the customs. After discovering the problem, I didn’t know how to deal with it. Later, I learned about the customs when I attended the presentation ‘ Voluntary disclosure ’ The system immediately submitted the self-inspection report as required. After strict examination by the customs, the administrative punishment was exempted according to law. " Liang Guifen, manager of Guangzhou Jebsen Beverage (China) Co., Ltd. said.

　　Liang Guifen believes that "voluntary disclosure" gives enterprises the opportunity to take the initiative to correct mistakes, and also reduces the impact of omissions on the company’s operations. In April this year, the company voluntarily disclosed the royalties involved in the beer and other goods it imported in 2018, and after accounting by the customs inspection department, it voluntarily paid more than 9 million yuan in taxes. Because it met the conditions of "voluntary disclosure", Guangzhou Customs exempted it from administrative punishment according to the Customs Inspection Regulations.

　　The "voluntary disclosure" system implemented by the customs encourages enterprises to report to the customs in writing on their own initiative the errors that are not in conformity with the customs management regulations and are not found by the customs after self-inspection by enterprises. Customs can provide preferential policies such as reducing or exempting tax late fees and administrative penalties for law-abiding and self-disciplined enterprises according to the law, which not only improves the efficiency of customs administrative law enforcement, but also greatly encourages enterprises to consciously abide by the law and is conducive to creating a good business environment.

　　"We launched ‘ in August. Internet plus voluntarily disclosed ’ , online processing makes the process clearer, the communication between enterprises and enterprises more efficient, and improves the enterprise ‘ Voluntary disclosure ’ The enthusiasm. " Wang Lei, Deputy Chief of Inspection Business Management Section of Enterprise Management and Inspection Department of Guangzhou Customs, introduced. In the first eight months of this year, Guangzhou Customs accepted 67 cases of "voluntary disclosure" by enterprises, involving about 31.67 million yuan in taxes.

　　In order to encourage enterprises to be honest and law-abiding, Guangzhou Customs also implements trust management for enterprises in the customs area, further clarifies the work related to the "voluntary disclosure" system and fault-tolerant mechanism, and does not record customs declaration errors for "declare in advance" customs declarations that meet the prescribed conditions. The operation time for customs to review the application for customs declaration error review has been reduced to an average of about 20 minutes, which has effectively reduced the burden and increased efficiency for enterprises. So far, 601 relevant customs declarations have been reviewed for errors, and the number of applications for review by enterprises has increased by 23% year-on-year.

　　"Online Customs" and China Unicom’s customs clearance are deeper.

　　Government service "Guangdong saves trouble"

　　On July 19th, as the customs officers of Foshan Customs Office in Gaoming, a subsidiary of Guangzhou Customs, obtained the bonded goods data of Guangdong Yida Textile Co., Ltd. on the special government service (Guangzhou) system of "internet plus Customs", Guangzhou Customs successfully connected the ERP system of customs networked supervision enterprises with "online customs" for the first time.

　　Enterprise Resource Planning, also known as "enterprise resource planning", refers to the establishment of an enterprise management system based on computer information system, which integrates material resources, human resources, financial resources and information resources.

　　"Through ‘ Online Customs ’ It is very convenient to handle customs business, but before that, we still need to submit the inventory data of the electronic account book verification cycle to the customs business site when the electronic account book expires, and because of the wide variety of bonded goods in our company, the long production process and the large amount of data, every time we submit the data, we must have special personnel to follow up. " Mai Zhiwei, manager of Guangdong Yida Textile Co., Ltd. said, "This time, our ERP system and ‘ Online Customs ’ Networking docking, as long as the enterprise is turned on for 5 minutes, the customs can grab the required business data online, which reduces the time of going to and from the scene, and also avoids human errors for us. The saved manpower, financial resources and time can make us more focused on production and operation. "

　　Recently, Guangzhou Customs has actively promoted the docking of "online customs" with Guangdong’s "digital government" construction project and achieved initial results. Six government service items, such as "printing without registration certificate for enterprises", "processing result without registration certificate for resident offices" and "application for cancellation of resident offices", have been integrated into Guangdong government service self-service terminal, and two platforms, such as Guangzhou inbound and outbound postal express customs clearance inquiry and Guangzhou cross-border e-commerce goods customs clearance inquiry, have been successfully docked with the mobile phone terminal.

　　The relevant person in charge of Guangzhou Customs said that Guangzhou Customs will implement the work arrangements of the General Administration of Customs and Guangdong Province to enhance cross-border trade facilitation, persist in striving for progress while maintaining stability, and further optimize processes, streamline documents, improve efficiency, reduce costs, create an honest and law-abiding business environment and promote cross-border trade facilitation on the existing basis.

　　Written by: Chen Xiao Guan Yue

Recently, Fred Lambert, a reporter from foreign media electrek, released a video that was tested in the Blue Ridge Mountains in North Carolina. The video shows that during the test, this version of the FSD existed many times, that is, the vehicle suddenly slowed down without necessity, and even almost drove the car to a cliff.

Fred was always ready to take over during the test. In this test, Fred only took over once, that is, the time when Tesla FSD Beta V10.12 drove the car to the cliff.

On the whole, during the 13-minute test, the overall performance of Tesla FSD beta version V10.12 is ok, but many times of "ghost braking" and wrong judgment are still frightening, and problems such as "ghost braking" still need to be solved.

Fred said that the reason why he chose to test in the Blue Ridge Mountains is that there are few intersections here and the road traffic markings are clear. He believes that in this environment, Tesla’s FSD will perform well.

This is also the case. In most cases in the test, the computer vision inspection system of FSD Beta V10.12 runs well, and Fred’s Model 3 always stays in the center of the lane.

▲ the path of FSD planning

In the middle of the test, Fred met hikers, who were close to the road and the road was not covered by shoulders. Tesla FSD Beta V10.12 version, then controlled the vehicle to slow down, and even planned to drive a little to the left to make way for the hikers.

However, in addition to these advantages, Tesla FSD Beta V10.12 has some serious shortcomings.

Fred said that the most annoying thing about FSD Beta V10.12 is that the vehicle suddenly slows down without sufficient reason.

The video shows that "ghost braking" happened several times during driving. Although Fred feels that the sudden deceleration is not so obvious when the "ghost brake" occurs, it may only be because the speed of this test is a little slow.

In addition, Fred also noticed that the speed of Tesla FSD Beta V10.12 in controlling the turning of vehicles is also somewhat inconsistent. As you can see in the video, Tesla’s FSD controls the vehicle to slow down at some corners that don’t seem to need to slow down.

▲ FSD controls the vehicle to turn.

In addition, in the 8-mile (about 12.8 km) and 13-minute test, Fred only took over the driver once, but this time it was taken over in a very dangerous situation.

In the 12th minute and 56th second of the test, Tesla FSD Beta V10.12 controls the vehicle to turn sharply too fast. When Fred found that the car was crossing two lanes and heading for the other side of the road, he immediately stepped on the brakes. It was a very scary moment.

▲ Tesla FSD turned sharply and almost threw the owner off the cliff.

Strangely, the FSD beta version V 10.12 should know that there is a sharp turn in this road and it is necessary to slow down the vehicle. Because its speed is 10 mph (16 km/h) slower than the set speed, but somehow it didn’t correctly predict that turn.

In addition, it can be seen from the predicted path (blue line) displayed on the screen inside the car.

According to Fred’s test video, there are still many problems in Tesla’s FSD Beta V10.12 version. Although this version has greatly improved the recognition of some straight roads and vehicles, the problems of "ghost braking" and automatic turning still need to be solved.

This test also reminds Tesla owners that if they use this version of the test software, they still need to be highly vigilant and ready to take over at any time to ensure driving safety.

　　According to the website of China Banking and Insurance Regulatory Commission, China Banking and Insurance Regulatory Commission continues to promote the opening of banking and insurance industry to the outside world, optimize the business environment for foreign investors in the financial sector, enrich market supply, enhance market vitality, enhance competitiveness and promote the healthy development of China’s financial industry. Recently, seven new policies and measures for opening to the outside world have been studied and released.

　　I. Encourage overseas financial institutions to participate in the establishment and investment of financial subsidiaries of commercial banks.

　　The Measures for the Administration of Financial Subsidiaries of Commercial Banks clearly stipulates that financial subsidiaries of banks can be wholly-owned by commercial banks, or jointly funded with domestic and foreign financial institutions and domestic non-financial enterprises. Introducing foreign financial institutions with expertise and international influence in wealth management and investing in bank wealth management subsidiaries is conducive to introducing advanced and mature investment concepts, business strategies, incentive mechanisms and compliance risk control systems in the international asset management industry, further enriching the supply of financial products, stimulating the vitality of market competition and promoting the healthy and orderly development of China’s bank wealth management business. China Banking and Insurance Regulatory Commission will guide qualified and willing banks to strengthen active contact with relevant foreign-funded financial institutions, and continue to encourage and guide bank wealth management subsidiaries to do a good job in introducing foreign capital.

　　Two, allow overseas asset management institutions and subsidiaries of Chinese banks or insurance companies to set up a foreign-controlled wealth management company.

　　China’s asset management market has a huge scale and development potential, and it is difficult for existing asset management institutions to fully meet the rapidly growing diversified market demand. Compared with international advanced asset management institutions, most of the asset management institutions of Chinese banks and insurance companies, including wealth management subsidiaries, have been established for a short time and have less experience. At present, Chinese banks, insurance companies and foreign advanced asset management institutions are mainly engaged in business cooperation, allowing joint ventures to set up foreign-controlled wealth management companies, which is conducive to introducing international advanced asset management practices and professional experience, promoting the steady development of asset management industry and capital market, giving play to the respective advantages of Chinese and foreign asset management institutions, further enriching market players and business products, and meeting the diversified service needs of investors. At the same time, the existing asset management subsidiaries of Chinese banks and insurance companies can complement each other with their foreign wealth management companies, and develop at a moderate dislocation.

　　Overseas asset management institutions and subsidiaries of Chinese banks or insurance companies are allowed to jointly set up foreign-controlled wealth management companies. In the early stage, pilot methods can be adopted to give priority to supporting the entry of mature and stable wealth management institutions recognized in foreign markets. Both RMB funds can be raised and some foreign currency long-term funds can be raised. In the pilot process, China Banking and Insurance Regulatory Commission will pay more attention to the professionalism, prudence and stability of supervision, pay more attention to the supervision after the event, guide the steady development of institutional compliance through on-site inspection and off-site supervision, sum up the pilot experience in a timely manner, and study and expand the pilot scope in a timely manner.

　　Three, allow overseas financial institutions to invest in the establishment and shareholding of pension management companies.

　　At present, China’s pension management market is dominated by the second pillar enterprise annuity fund management, with limited scale and growth. However, the domestic pension management company is still in the pilot stage, and the pilot adopts the method of one mature company and one approved company. There is only one Jianxin pension management company established by CCB. Allowing foreign investors to set up pension management companies is conducive to increasing the types of subjects, enhancing market vitality, introducing mature pension management experience and improving the level of pension investment management. In the next step, China Banking and Insurance Regulatory Commission will promote the improvement of relevant laws and regulations, and continue to adopt the method of "one mature company, one approved company", and work with relevant ministries and commissions to do a good job in the licensing of pension management companies.

　　Four, support the establishment of wholly foreign-owned or equity money brokerage companies.

　　In 2005, the State Council approved the pilot of money brokerage companies. Since the pilot, five money brokerage companies have been established to actively carry out transactions in foreign exchange market, money market, bond market and derivative products market at home and abroad, which has played a positive role in activating China’s financial market, improving transaction efficiency and reducing transaction costs. At present, the top five money brokerage companies in the world have all participated in the establishment of five money brokerage companies in China through joint ventures.

　　Further increasing the proportion of foreign shares in money brokerage companies is conducive to giving full play to the management advantages of foreign shareholders, improving the operating efficiency of money brokerage companies, promoting orderly competition in the industry, and improving the transparency and transaction efficiency of financial markets. China Banking and Insurance Regulatory Commission actively supports Chinese and foreign shareholders of existing currency brokerage companies to determine their own foreign share ratios on the basis of equal consultation. At the same time, on the basis of comprehensive evaluation of the impact of newly established currency brokerage companies on the existing market competition pattern, we will steadily promote the establishment of new foreign currency brokerage companies.

　　5. Shorten the transition period from 51% to 100% for foreign-funded life insurance companies to 2020.　

　　On July 2, 2019, Premier Li Keqiang delivered a special speech at the opening ceremony of the 2019 Davos Forum, saying that the original stipulation of canceling the foreign life insurance share ratio limit in 2021 would be advanced to 2020. Abolishing the share ratio restriction of foreign-funded life insurance companies will help attract more high-quality foreign-funded insurance institutions to enter the China market, introduce more advanced business concepts and more diversified life insurance products, enhance the vitality of the life insurance market and provide better services for the real economy. In the next step, China Banking and Insurance Regulatory Commission will promote the promulgation of "Regulations on the Administration of Foreign-funded Insurance Companies in People’s Republic of China (PRC)" and other relevant laws and regulations, and timely implement the regulations in relevant administrative licensing work. At the same time, strengthen post-event supervision and maintain market order.

　　Six, cancel the provisions of domestic insurance companies holding the shares of insurance asset management companies shall not be less than 75%, allowing foreign investors to hold more than 25% of the shares.　

　　Loosening the restrictions on the foreign shareholding ratio of insurance asset management companies is conducive to absorbing the experience and practices of excellent overseas insurance institutions, stimulating the vitality of the domestic insurance asset management market, promoting the improvement of the asset management capabilities of insurance asset management companies, and better serving the preservation and appreciation of insurance assets.　

　　In the next step, China Banking and Insurance Regulatory Commission will promptly revise the Interim Provisions on the Administration of Insurance Asset Management Companies and implement the opening-up measures. While opening wider to the outside world, China Banking and Insurance Regulatory Commission will continue to improve the regulatory requirements of insurance asset management companies, strengthen the management of shareholders’ qualifications, further strengthen the continuous compliance requirements of insurance asset management companies, and effectively guard against various risks.　

　　Seven, relax the access conditions of foreign-funded insurance companies, cancel the 30-year operating life requirement.

　　At present, foreign insurance companies to set up foreign-funded insurance companies in China need to meet the requirements of operating insurance business for more than 30 years. In recent years, with the deepening of opening to the outside world, most foreign insurance companies in Fortune Global 500 have entered China and played an active role in the insurance market in China. The cancellation of the 30-year operating life requirement has created conditions for foreign insurance companies with operating characteristics and expertise but insufficient operating life to come to China, which is conducive to further enriching insurance market players and insurance professional services and promoting the high-quality development of the insurance industry.

　　Welcome more qualified foreign insurance companies to set up business offices in China, combine their advanced experience with the reality of China, and promote each other with Chinese companies in the competition to jointly serve the real economy and the increasingly diversified financial service needs of consumers. China Banking and Insurance Regulatory Commission will immediately start the revision of relevant laws and regulations, and put them into practice upon completion.

Catalogue

Part I Overview of National Radio Monitoring Center

I. Main functions

Second, the composition of departmental budget units

Part II Department Budget of National Radio Monitoring Center in 2021

I. Summary of departmental revenue and expenditure

Second, the department income summary table

III. Summary of Departmental Expenditure

IV. Summary of Financial Appropriations and Income and Expenditure

V. General public budget expenditure table

VI. Basic Expenditure Table of General Public Budget

Seven, the general public budget "three public" expenditure table

Eight, the government fund budget expenditure table

Nine, the state-owned capital operating budget expenditure table

Part III Description of the Department Budget of National Radio Monitoring Center in 2021

The fourth part explains nouns.

Part I Overview of National Radio Monitoring Center

I. Main functions

The National Radio Monitoring Center (National Radio Spectrum Management Center) is a public welfare institution directly under the Ministry of Industry and Information Technology. Entrusted by the Ministry, its main responsibilities are:

(a) in accordance with the provisions of the "Regulations on Radio Management in People’s Republic of China (PRC)", as a national radio management technical institution, it undertakes technical work related to radio frequency and satellite orbit resources, radio stations, radio transmitting equipment management and foreign-related radio management, and provides support for national radio management.

(two) to undertake the monitoring of short-wave and space business radio signals and the positioning of interference sources, and to find the relevant radio stations (stations) that are set up and used without permission; Monitor whether the relevant radio stations (stations) carry out their work in accordance with international rules, agreements signed between China and other countries, administrative licensing matters and requirements.

(three) to undertake the technical work related to the development of national radio management; Participate in radio monitoring of ultrashort wave and microwave frequency bands in Beijing.

(four) to undertake the construction and operation of the relevant technical work information system of the national radio regulatory agency.

(five) to carry out radio management related policies, technical standards and technical specifications, data applications and other research work, and put forward policy suggestions.

(six) to provide technical guidance for radio management in all provinces (autonomous regions and municipalities).

To undertake other tasks assigned by the Ministry of Industry and Information Technology.

Second, the composition of departmental budget units

The departmental budget of the National Radio Monitoring Center (hereinafter referred to as "the Center") in 2021 includes: the budget of the center at the same level, the budget of monitoring stations outside Beijing (8 in total) and the budget of self-supporting institutions affiliated to the Center (1 in total).

The national radio monitoring center in 2021, the scope of departmental budget three budget units include:

1 national radio monitoring center at the same level

2. Shanghai Monitoring Station of National Radio Monitoring Center

3. Urumqi Monitoring Station of National Radio Monitoring Center

4. Chengdu Monitoring Station of National Radio Monitoring Center

5. Fujian Monitoring Station of National Radio Monitoring Center

6. Shenzhen Monitoring Station of National Radio Monitoring Center

7. Harbin Monitoring Station of National Radio Monitoring Center

8. Shaanxi Monitoring Station of National Radio Monitoring Center

9. Yunnan Monitoring Station of National Radio Monitoring Center

10. Testing Center of National Radio Monitoring Center

Part II Department Budget of National Radio Monitoring Center in 2021

Part III Description of the Department Budget of National Radio Monitoring Center in 2021

I. Description of the General Statement of Revenue and Expenditure of National Radio Monitoring Center in 2021

According to the principle of comprehensive budget, all income and expenditure of the National Radio Monitoring Center are included in the departmental budget management. Income includes: general public budget appropriation income, operating income of institutions, other income, and use of non-financial appropriation balance; Expenditure includes: expenditure on social security and employment, expenditure on resource exploration and industrial information, expenditure on housing security, and carry-over from last year to next year. The total revenue and expenditure budget of the National Radio Monitoring Center in 2021 is 297,909,500 yuan.

Two, about the National Radio Monitoring Center in 2021 income summary.

The revenue budget of the National Radio Monitoring Center in 2021 is 297,909,500 yuan, of which 10,517,100 yuan was carried forward from the previous year, accounting for 3.53%. The general public budget revenue was 89,815,400 yuan, accounting for 30.15%. The operating income of public institutions was 125 million yuan, accounting for 41.96%. The income from higher-level subsidies was 23,745,100 yuan, accounting for 7.97%, other income was 207,000 yuan, accounting for 0.07%, and the balance of non-financial appropriations was 48,624,900 yuan, accounting for 16.32%.

III. Explanation on the Summary of Expenditure of National Radio Monitoring Center in 2021

The expenditure budget of National Radio Monitoring Center in 2021 is 297,909,500 yuan, of which the basic expenditure is 123,164,500 yuan, accounting for 41.76%. The project expenditure is 51,804,900 yuan, accounting for 17.56%. The operating expenditure of public institutions was 120 million yuan, accounting for 40.68%.

Four, about the National Radio Monitoring Center in 2021 financial appropriation summary table.

The national radio monitoring center has a total budget of 100,332,500 yuan in 2021. Income includes: 89,815,400 yuan from the general public budget, 10,517,100 yuan carried forward from the previous year; Expenditure includes: 10,045,700 yuan for social security and employment, 78,155,000 yuan for resource exploration and industrial information, and 12,131,800 yuan for housing security.

V. Explanation on the General Public Budget Expenditure Table of National Radio Monitoring Center in 2021

The general public budget expenditure of the National Radio Monitoring Center in 2021 was 89,815,400 yuan, a decrease of 151,343,900 yuan or 62.76% compared with the implementation in 2020. In accordance with the relevant requirements of the CPC Central Committee and the State Council on living a tight life, we will practise economy in all undertakings, vigorously reduce general expenditures, and focus on reducing public funds and non-urgent non-rigid expenditures, which are reflected in relevant expenditure subjects. The specific arrangements are as follows:

(1) The expenditure of 21,505 industrial and information industry supervision projects is estimated at 68,426,000 yuan at the beginning of 2021, which is 154,703,700 yuan less than the implementation in 2020, with a decrease of 69.33%. The main reason is: implementing the requirements of tight life and reducing the expenditure of radio and information communication supervision and development projects.

(II) The budget for the pension expenditure of administrative institutions in 20805 was 9,379,800 yuan in early 2021, an increase of 4,126,800 yuan or 78.56% compared with the implementation in 2020. The main reason is that the financial allocation for the pension expenditure of administrative institutions has increased.

(III) The expenditure of the 22102 housing reform expenditure project is budgeted at 12,009,600 yuan in early 2021, which is 767,000 yuan less than the implementation in 2020, with a decrease of 6.00%, mainly due to the decrease in housing subsidy expenditure.

(4) According to the classification of expenditure function, the expenditure on resource exploration, industrial information and other aspects accounts for a relatively high proportion of the total expenditure of the unit, mainly: the budget for industrial and information industry supervision in 2021 is 68.426 million yuan, accounting for 76.19% of the total expenditure of the unit, which is mainly used for radio and information communication supervision projects.

VI. Explanation on the Basic Expenditure Table of General Public Budget of National Radio Monitoring Center in 2021

The basic expenditure of the general public budget of the National Radio Monitoring Center in 2021 is 50.818 million yuan. Among them:

The personnel expenses are 44,790,200 yuan, mainly including: basic salary, allowances and subsidies, performance salary, basic old-age insurance contributions of institutions, occupational annuity contributions, housing accumulation fund, medical expenses and retirement expenses.

The public funds are 6,027,800 yuan, mainly including: office expenses, printing fees, consulting fees, handling fees, water fees, electricity fees, post and telecommunications fees, heating fees, property management fees, travel expenses, rental fees, training fees, official reception fees, special materials fees, special fuel fees, labor fees, commissioned business fees, trade union funds, welfare fees, official vehicle operation and maintenance fees, and other transportation expenses.

VII. Explanation on the budget of the National Radio Monitoring Center in 2021 for "three public funds"

In 2021, the financial allocation budget for the "three public funds" is 1,329,500 yuan, of which: the expenses for going abroad on business are 0,000 yuan; The purchase and operation cost of official vehicles is 1,260,100 yuan, including 1,260,100 yuan, which is mainly used for the maintenance of official vehicles (including radio monitoring business vehicles, etc.) and the operation and maintenance of radio safety vehicles for key major events such as the Winter Olympics; The official reception fee is 69,400 yuan, which is mainly used for business exchanges and technical discussions between the center and relevant domestic units, investigation and guidance from relevant departments, and foreign affairs reception. In 2021, the budget for the "three public" funds is increased compared with that in 2020 (mainly to increase the operation and maintenance expenses of radio safety vehicles for key major events such as the Winter Olympics), and the expenses for going abroad (the border) and the purchase expenses for official vehicles are both reduced compared with that in 2020.

VIII. Explanation on the Government Procurement Budget of National Radio Monitoring Center in 2021

The total government procurement budget of National Radio Monitoring Center in 2021 was 10.9501 million yuan, including 921.9 million yuan for government procurement of goods and 10.0282 million yuan for government procurement of services.

The fourth part explains nouns.

I. Income subjects

(1) Revenue from financial appropriation: refers to the funds allocated by the central government in the current year.

(2) Operating income of public institutions: refers to the income obtained by non-independent accounting business activities of public institutions in addition to professional business activities and auxiliary activities.

(3) Other income: refers to income other than the above-mentioned "financial appropriation income", "business income" and "business income of public institutions". Such as investment income, interest income, etc.

(4) Carry-over from the previous year: refers to the funds that have not been completed in the previous year and are carried over to this year and continue to be used according to the original provisions.

Second, the expenditure subjects

(1) Social security and employment (category) Pension for administrative institutions (fund): refers to the expenditure of the center and its subordinate units on pension for administrative institutions.

1. Retirement of institutions (item): refers to the funds for retirees of the center and its affiliated institutions.

2. Expenditure of basic old-age insurance in institutions (item): refers to the expenditure of basic old-age insurance paid by the center and its affiliated institutions in implementing the old-age insurance system.

3. Occupational annuity payment expenditure of government agencies and institutions (item): refers to the occupational annuity expenditure paid by the center and its affiliated institutions in implementing the old-age insurance system.

(2) Resource exploration information, etc. (category): It reflects the expenditures for resource exploration, manufacturing, construction and industrial information, etc. The central budget mainly covers the subjects of industrial and information industry supervision expenditures.

1. Expenditure on supervision of industry and information industry (paragraph): refers to the expenditure used by the center and its affiliated institutions to ensure the operation of institutions and carry out supervision of industry and information industry.

(III) Expenditure on housing security (category) Expenditure on housing reform (paragraph): refers to the expenditure on housing reform by the center and its subordinate units in accordance with national policies.

1. Housing accumulation fund (item): it is a long-term housing deposit paid by the unit and its employees in accordance with the regulations on the management of housing accumulation fund. This policy began in the mid-1990s, and was widely implemented among employees in government agencies, enterprises and institutions nationwide. The minimum deposit ratio is not less than 5%, and the maximum deposit ratio is not more than 12%. The deposit base is the employee’s salary in the previous year. The deposit base of administrative units includes the post salary, grade salary, post salary and technical grade (post) salary of government workers, year-end one-time bonus, special post allowance, allowance for hard and remote areas, work allowance and living allowance issued after standardization; The deposit base of public institutions includes post salary, salary scale salary, performance salary, allowance for hard and remote areas, special post allowance, etc.

2. Rent-raising subsidy (item): It was approved by the State Council, and started in 2000 to raise the rent standard of public housing for central units in Beijing. The central units in Beijing determined the subsidy standard according to the number of on-the-job employees, retirees and corresponding ranks, and subsidized 90 yuan per capita monthly.

3. Housing Subsidy (Item): According to the Notice of the State Council Institute on Further Deepening the Reform of Urban Housing System and Accelerating Housing Construction (Guo Fa [1998] No.23), after the housing distribution in kind was stopped in the second half of 1998, the housing monetization reform subsidy funds were distributed to employees without housing and whose housing income ratio exceeded 4 times. The central administrative institutions began to issue housing subsidy funds in 2000, and local administrative institutions began to issue housing subsidy funds in succession in 1999, and enterprises decided on their own according to their own conditions. In Beijing, the central unit shall implement the standards stipulated in the General Office of the State Council, the General Office of the Central Committee of the CPC forwarded by the Ministry of Construction and other units < Office Word [2005] No.8 >, and outside Beijing, the central unit shall implement the policies, regulations and standards of the monetization reform of housing distribution of the local people’s government.

(4) Carry-over to the next year: refers to the funds arranged in the previous year’s budget, which cannot be implemented according to the original plan due to changes in objective conditions, and need to be postponed to the next year to continue to use according to the original specified purposes.

(5) Basic expenditure: refers to personnel expenditure and public expenditure incurred to ensure the normal operation of institutions and complete daily tasks.

(6) Project expenditure: refers to the expenditure incurred to complete specific administrative tasks and career development goals in addition to the basic expenditure.

(7) Operating expenses of public institutions: refers to the expenses incurred by public institutions in carrying out non-independent accounting business activities other than professional business activities and auxiliary activities.

Third, the "three public" funds

The "three public" funds included in the management of the central financial budget and final accounts refer to the expenses for going abroad (abroad), the purchase and operation of official vehicles and the official reception expenses arranged by the central departments with financial allocations. Among them, the expenses for going abroad on business reflect the international travel expenses, foreign city transportation expenses, accommodation expenses, meals, training fees, public and miscellaneous expenses, etc. of the unit going abroad on business; The purchase and operation expenses of official vehicles reflect the purchase expenses of official vehicles (including vehicle purchase tax), fuel expenses, maintenance fees, crossing fees, insurance fees, safety incentive fees and other expenses; The official reception fee reflects all kinds of official reception (including foreign guests’ reception) expenses of the unit according to the regulations.

Wen | Different View Finance

In the field of long video, three video platforms, iQiyi, Youku and Tencent Video, have formed a "three-legged" trend. Three platform opportunities can lead the development direction of the long video industry.

On February 28th, Beijing time, iQiyi (NASDAQ: IQ) announced the unaudited financial report for the fourth quarter and the whole year as of December 31st, 2019. The financial report shows that in the fourth quarter of 2019, iQiyi’s revenue was 7.5 billion yuan and its net loss was 2.5 billion yuan. Both revenue and net loss were better than expected.

Although iQiyi, Youku and Tencent Video are backed by BAT, they still lose money and continue to burn money. The profit seems to be in the foreseeable future. Judging from the latest financial report released by iQiyi, the loss is narrowing. Is this a positive signal?

Why is the long video platform difficult to make a profit from the iQiyi financial report?

According to the financial report, Iqiyi’s Q4 revenue in 2019 was 7.497 billion yuan, up 6.7% from 7.027 billion yuan in the same period of last year, up only 1.4% from 7.397 billion yuan in the previous quarter.

(Source: Financial Report)

As can be seen from the above figure, although iQiyi’s revenue maintained growth, the year-on-year growth rate continued to decline. Iqiyi’s income mainly consists of membership services, online advertising services, content distribution and other income.

In the fourth quarter, Iqiyi’s membership income was 3.861 billion yuan, up 20.6% from 3.201 billion yuan in the same period of last year, up 3.9% from 3.717 billion yuan in the third quarter. In the fourth quarter, membership service revenue accounted for 51.5%, making it the largest source of income for iQiyi. Iqiyi said that the revenue growth was mainly due to the high-quality content and diversified operations, which promoted the growth of the number of subscribers.

Gong Yu, founder, director and CEO of Aiqiyi, said that the revenue of Aiqiyi’s membership business increased by 36% in 2019, and the number of subscribed members reached 107 million. Looking forward to the next decade, the upcoming continuous innovation of 5G commercial and artificial intelligence technologies will bring great opportunities to Aiqiyi. As users in China are more and more willing to pay for high-quality content and use convenient payment methods, they will jointly bring great growth potential to the iQiyi business.

According to the financial report, as of the end of the fourth quarter, the number of subscribed members of iQiyi reached 107 million, and the number of subscribed members increased by 22% year-on-year. On the whole, the growth of subscription members is also slowing down, and with the decline of demographic dividend, membership growth seems to have peaked.

(Source: Financial Report)

Online advertising revenue was 1.883 billion yuan, down 14.6% from 2.204 billion yuan in the same period of last year and down 8.9% from 2.067 billion yuan in the third quarter. In the fourth quarter, online advertising revenue accounted for 25.1%, and the contribution of online advertising revenue continued to decline. Iqiyi said that macroeconomic challenges have led to a decline in online advertising revenue. Yiguan Finance believes that the decline in online advertising revenue is also related to the rapid development of short video platforms. With the rise and rapid development of short video platforms such as Aauto Quicker, Tik Tok and bilibili, users’ attention and advertisers’ budget have shifted, and the advertising business of long video network has been robbed of "share".

Content distribution revenue was 878 million yuan, a year-on-year increase of 68%. Content distribution income mainly comes from broadcasting authorized content. In 2019, hit dramas, such as Little Joy, Dear, Love, and Joy of Life, were distributed by iQiyi. From the perspective of revenue growth, the distribution of these hit dramas has achieved good results.

In the fourth quarter, the income from other businesses of iQiyi was 874 million yuan, down 21% year-on-year. In 2019, the annual revenue was 3.7 billion yuan, a year-on-year increase of 30%. This is mainly due to the growth of many vertical businesses, especially the strong growth of game business after the acquisition of Tianxiang Mutual Entertainment.

Thanks to the reduction of content cost, iQiyi’s Q4 net loss in 2019 was 2.49 billion yuan, narrowing by 28% year-on-year and 32.6% quarter-on-quarter. However, in 2019, iQiyi lost 10.3 billion yuan for the whole year, still showing an expanding trend year-on-year.

According to the financial report, in Q4 of 2019, the operating cost of iQiyi was 7.914 billion yuan, and the content cost was 5.7 billion yuan, accounting for 72% of the operating cost. Content cost includes copyright purchase cost and content production cost.

Gong Yu, founder, director and CEO of iQiyi, mentioned in the earnings conference call that the content cost in 2019 only increased by 6% because of the continuous optimization of the content structure. The financial report shows that in 2019, the content cost of iQiyi was 22.2 billion yuan.

As can be seen from the balance sheet of iQiyi, the content assets of iQiyi include current assets-net value of copyright content, non-current assets-net value of copyright content, and non-current assets-net value of self-made content.

The financial report shows that as of December 31, 2019, iQiyi’s self-made content assets were 4.355 billion yuan, an increase of 16.6% compared with 3.736 billion yuan in the same period of last year; At the end of the period, the authorized content assets totaled 7.51 billion yuan, down 3.7% year-on-year.

From the changes of self-made content assets and authorized content assets, iQiyi achieves structural optimization by increasing the proportion of self-made content and decreasing the proportion of authorized content.

Gong Yu said at the conference call that film and television plays are still the main driving force for members to add value. At present, the hit dramas on the platform of iQiyi, such as Joy of Life and Dear, Love, all belong to copyrighted works.

Self-made video content, which will involve IP copyright purchase of film and television dramas, actor pay, shooting and other production costs, which are all important items of cost expenditure. The self-made variety "Qi Pa Shuo" has continued for six levels, and the topic heat has remained unchanged. "Sword Dynasty", starring Li Xian, a streaming star, is popular in Iqiyi. Although the limitation of star pay and the rising trend of drama prices slow down, the cost of purchasing copyright and the cost of self-made drama and variety shows decrease, it still cannot reverse the loss of video platforms.

In the case of membership growth meeting the ceiling, video websites began to change their thinking and tap the value of membership. If video websites want to turn losses, they need to constantly try new business models.

In terms of member value-added services, the charging mode of "member-on-demand in advance" launched by the video platform was criticized by the whole network and was questioned as "ugly", but it did not stop the determination of video websites to implement the charging mode of "member-on-demand in advance", which will become a normal broadcasting mode in the future.

Gong Yu thinks that although there are relatively few dramas adopting this mode at present, it accounts for a small proportion of the total revenue, but this mode is successful. "In the future, we will take this mode as a normal way of broadcasting. At present, the impact of advanced on-demand on the average revenue per user (ARPU) in the fourth quarter of 2019 and the first quarter of 2020 is not great, but it will be an important way to improve ARPU in the future. "

Iqiyi is constantly changing in the form of advertisements, such as patch advertisements and original small theater advertisements for online dramas. Iqiyi is also constantly trying to make use of advertising resources. Although Iqiyi members have purchased VIP members, they still have to watch advertisements. For example, in a 45-minute episode, all kinds of advertisements are inserted in the title, preview, film and ending, and even members are not spared. Some members can close it manually, while others can’t close it by force.

Iqiyi also said that the membership fee has increased. With the development of video websites for many years, people in China have a certain understanding of the paid membership model, but the acceptance of the paid membership model in China is not so high. In the long-term competition, video websites attract paying members through promotion, although it can boost revenue growth, but it is difficult to achieve profitability. Under the situation of tripartite confrontation, if only one party announces the price increase, it is likely to cause the loss of users.

Video websites are still content-oriented. Yiguan Finance has conducted a small-scale survey. Most paid members of video websites said that a video website member can almost meet their own needs for watching movies/dramas. Which platform can meet your own viewing needs, you will choose which platform, and you will not love a certain platform alone. There are also some users who have registered a number of platform members, but they will not buy annual members, but will only choose monthly membership when chasing a favorite film and television drama.

From this point of view, the loyalty of video platform users remains to be assessed. Whether the video website has enough rich content such as TV dramas and variety shows is the key to retain users. After all, users pay for high-quality content, and the continuous output of high-quality content is the key to the continuous growth and retention of paying users on the platform.

In addition, some insiders told Yiguan Finance that there is another factor in the loss of video websites, that is, the pressure on servers and bandwidth. The video platform should ensure that hundreds of thousands or even millions of people can watch online at the same time, and sometimes upload data traffic such as barrage. These fixed expenses are not small.

With the sudden outbreak of the COVID-19 epidemic, everyone was forced to stay at home and play drama. As a result, when I wanted to meet you was updated on February 26th, iQiyi collapsed, and "iQiyi collapsed" was returned to Weibo for hot search. From the technical principle, there are two reasons for the server crash, one is that the server content is tight, and the other is that the service design is flawed. It seems that Ali, JD.COM and others built their own cloud computing data centers for a reason.

In the layout, short videos, long videos and short videos erode each other and fight hand in hand?

Typical Internet users will allocate their online entertainment time to many different fields, including video (Youaiteng’s three long video websites; Tik Tok, Aauto Quicker and other short video sites) game videos (Tiger Tooth, bilibili, Betta Fish, etc.) and news push platforms. With the disappearance of traffic bonus, the peak of membership and the continuous loss, iQiyi needs new stories to enhance its commercial imagination. With the rapid rise of short videos, Iqiyi is constantly trying to seek new breakthroughs.

In fact, iQiyi has launched a variety of short video products, such as gingerbread, whale eating, natto, Jinshi and many videos. Although it failed to attract enough attention, it never gave up. Currently in the "Small Video" entrance of the top column of iQiyi app.

According to Tech Planet, iQiyi recently launched a short video featuring short videos of young trends. Iqiyi launched the "Shake Short Video" this time, on the one hand, it is an expansion and attempt of its own short video classification, on the other hand, it is to seize the popularity of 5G, constantly innovate, accelerate trial and error, and strive to create an explosive short video APP.

For the layout competition in the field of short video, at the conference call of Iqiyi’s 2019 Q4 and annual financial report, Gong Yu, the founder and CEO of Iqiyi, announced that he planned to launch a YouTube mode App called "On Time", and said that Ge Hong, who had rich technical and management experience in companies such as Facebook and Airbnb, would fully lead the business. This seems to show the determination of short videos in the layout of iQiyi.

It is reported that there will be two main categories of "on-demand" video content. The first category is PUGC content, which is mainly uploaded by MCN, individuals and professional organizations. In addition, the long video content of iQiyi will also be played on-demand, thus forming a strategic synergy of "long video+short video".

The content production methods of short videos are mainly PGC (professional production content) and UGC (user-produced content), which are mainly realized by advertising. The long video is either self-made or needs to buy copyright, and the realization methods are mainly user payment and advertising.

In the field of short and medium videos, iQiyi will face the competition from headline department, bilibili and Tik Tok.

Headline has a huge user base and a high daily activity rate, which lays the foundation for the commercial realization of long video. Headlines rely on its good recommendation algorithm to analyze and summarize users’ video preferences and playing habits through big data, and apply them to headline-made videos. They can even customize headline users’ exclusive homemade dramas and homemade variety shows according to the results of big data analysis and user preferences.

Compared with short video platforms, the advantages of long video platforms such as Youaiteng come from the copyright and IP resources of a large number of content creators. Youaiteng takes the lead in the segmentation field in the short video industry through its own areas of expertise. Strict supervision has, to some extent, "forced" the short video head platform to enhance the awareness of copyright, continuously expand the content map, and cultivate and expand the long video user base.

With the sudden outbreak of the COVID-19 epidemic, all the films for the Spring Festival in 2020 were withdrawn. On January 24th, Lost in Russia, directed by Xú Zhēng, announced that he would cooperate with ByteDance’s platform, and the "Headline System" short video platform (Tik Tok/Watermelon/Volcano) was broadcasted independently for free, which aroused the attention and heated discussion in the industry. Many people think that this is not only a symbol of headlines entering the long video and film industry.

With the expansion of users, long and short video platforms have already eroded each other. Short video platforms pay more and more attention to original content, and the competition for original content between long and short video platforms will become more and more fierce.

CCTV News:Recently, at the meeting of the Dispute Settlement Body of the World Trade Organization held in Geneva, Switzerland, the United States was convicted of violating WTO rules, but instead, the United States used the arbitration institution to "shut down" to appeal and tried to shelve the execution of the ruling indefinitely, which was severely denounced by many WTO members.

At the closed meeting held on January 27th, five members, namely China, Norway, Switzerland, Turkey and Hong Kong, China, set eight topics, demanding that the plenary session adopt five rulings of the expert group on the violation of the new regulations on the origin marking of Hong Kong goods imposed by the United States on imported steel and aluminum products under Article 232, and demanding that the United States cancel the illegal measures. The United States appealed all five rulings before the meeting.

But in fact, since 2019, the United States has repeatedly unilaterally obstructed the selection of judges of the WTO Appellate Body, and the WTO Appellate Body has fallen into a state of complete paralysis after the expiration of the previous judge in November 2020.

According to the minutes of the meeting published by the WTO, the permanent representative of the European Union to the WTO said at the meeting that the WTO arbitration institution was "paralyzed" because of deliberate sabotage by the United States, and it was impossible to hear these appeals at present, and the United States was actually abusing its right of appeal. Abuse of the right of appeal does not help to resolve trade disputes.

The Permanent Representative of Canada to the WTO said at the meeting that all parties to trade disputes must make every effort to find acceptable solutions and fulfill their good faith commitments under the Understanding on Dispute Settlement Rules and Procedures. The suspension of the Appellate Body has brought unfairness and short-term advantages to some members.

　　　　　　 The Permanent Representative of China to the WTO said that it seems that the United States will refuse to implement any unfavorable ruling involving "national security exception", which violates the principle of "pacta sunt servanda". These disturbing behaviors in the United States clearly depict the image of the implementer of unilateral bullying, the destroyer of multilateral trading system and the disruptor of global industrial chain supply chain.

　　　　　　 What is the ruling of the United States to appeal this time? In December 2022, the WTO released the report of the expert group on the dispute settlement mechanism, ruling that the measures taken by the United States to impose tariffs on imported steel and aluminum products in 2018 violated WTO rules and suggested that the United States should correct them. In March 2018, then US President Trump imposed tariffs of 25% and 10% on imported steel and aluminum products on the grounds of safeguarding national security according to Article 232 of the US Trade Expansion Act of 1962. This decision not only led the countries concerned to file a complaint with the WTO, but also the major trading partners of the United States introduced retaliatory measures. In November 2018, the WTO Dispute Settlement Body agreed to set up an expert group to review the steel and aluminum tariff measures announced by the United States to confirm whether the measures violated WTO rules. It was not until last December that the expert group of WTO dispute settlement mechanism issued its ruling.

　　　　　　 The unilateral trade bullying behavior of the United States has aroused more and more opposition around the world. Some media commented that the United States has now become the biggest destroyer of the international trading system.

　　　　　　 Headquarters reporter Yi Xin:For a long time, the United States has been waving a trade stick at other WTO members on the grounds of "national security" and frequently violated WTO rules. The research report on WTO dispute adjudication shows that by far, the United States is the most "unruly", and two-thirds of WTO violations are caused by the United States. When the WTO expert group ruled that the United States violated the rules, the United States took advantage of the current deadlock in the appointment of members of the WTO Appellate Body to appeal the ruling, so as to evade its obligations. The WTO Appellate Body’s "shutdown" and the paralysis of multilateral trade arbitration institutions are precisely caused by the United States’ insistence on obstructing the selection of judges despite the opposition of more than 100 WTO members. At the US trade policy review meeting held by the WTO in December last year, many WTO members expressed serious concern and dissatisfaction with the US trade policy.

Convicted of violating WTO rules, instead of executing the ruling, the United States appealed by using the "shutdown" of the appellate body, trying to put the execution of the ruling on hold indefinitely.

As an arbitration institution for trade dispute settlement, the Appellate Body is known as the "jewel in the crown of WTO" and it is an important part of the WTO dispute settlement mechanism. It has seven permanent seats for judges, each of whom has a term of four years and can be re-elected once. According to the WTO, cases of trade disputes must be tried and decided jointly by three judges. If the number of judges is insufficient, they can’t accept any new cases, and they will fall into a state of "stopping".

One of the most prominent features of the Appellate Body of WTO is its independence. Under this mechanism, all 164 WTO members, regardless of their size, can obtain equal rights to appeal or defend themselves. However, it seems that the United States has always regarded itself as an exception and repeatedly abused the "one-vote veto" to arbitrarily obstruct the start of the selection process for new judges of the Appellate Body.

Since 2017, the United States has frequently blocked the start of the selection process for new judges of the WTO Appellate Body.

In 2017, three of the seven judges of the Appellate Body ended their terms, but the United States has always blocked the appointment of new judges. Counting this time, in the past two years, the United States has said no to the selection of new judges for 30 consecutive times.

In 2018, the United States vetoed the appointment of Mauritian judges for a second term by one vote, leaving only three judges in the WTO Appellate Body. Three people are also the bottom line for the appellate body to operate. In order to avoid the "lockout", in that year, 67 WTO members demanded that "the selection process for new judges of the Appellate Body should be started as soon as possible". However, the United States rejected this proposal.

In November 2019, at the regular meeting of the WTO Dispute Settlement Body, 117 WTO members once again suggested that the process of selecting new judges of the Appellate Body should be started immediately, which showed the strong political will of most members to restore the Appellate Body. However, the United States is still bent on its own way.

On December 9, 2019, the United States once again unilaterally obstructed, resulting in a draft resolution on the reform of the Appellate Body not being passed, and the selection of new judges was once again blocked.

Due to the inability to select new judges in time, from December 11, 2019, only one judge of the Appellate Body was in office, and the Appellate Body was in a state of "stopping".

　　　　　　 On November 30, 2020, the last member of the Appellate Body officially expired. At this point, all members of the Appellate Body have left their posts.

What is the core reason for the United States to do so in the face of non-implementation of WTO rulings, non-compliance with rules and deliberate sabotage? What kind of bad influence will it have? Let’s listen to the interpretation of special commentator Su Xiaohui.

Su Xiaohui, a special commentator, said that many countries see that the United States has a kind of "double standard" behavior towards rules, and they will use it if they agree, and abandon it if they disagree. At the same time, they will try their best to safeguard American hegemony by taking the leading role in rule-making and use American bullying in trade. This kind of behavior interferes with the development of the world economy and harms others, which is also the fundamental factor behind everyone’s rebound against the United States.