How far are you from heatstroke in the collective sauna mode of Shanghainese today？

Shanghai Central Meteorological Observatory issued a yellow warning signal of high temperature at 08: 20 on July 8, 2022: Due to the influence of subtropical high, the temperature in this city is rising rapidly at present. It is estimated that the highest temperature in this city will exceed 35℃ today. Please do a good job in heatstroke prevention and cooling.

Current temperature

High temperature warning

—— Pay attention to heatstroke during the hot summer—

"Mid-summer"

Heatstroke is the thermal damage of the body caused by the accumulation of heat in the body when the individual exposed to the high temperature and high humidity environment (or the environment temperature is not high but there are heat dissipation obstacles) produces more heat than heat dissipation. The heat dissipation modes of the machine body include conduction, convection, radiation and evaporation. When the way of heat production and heat dissipation is balanced, the body temperature can be kept normal and stable; When heat production is greater than heat dissipation, the accumulation of heat in the body leads to the increase of core temperature and excessive sweat loss, which can lead to heatstroke. Core temperature change = body heat generation-(conduction heat dissipation+radiation heat dissipation+convection heat dissipation+evaporation heat dissipation) What kind of heat dissipation form the human body takes mainly depends on environmental conditions. Conduction, radiation and convection require a temperature difference between the skin and the environment. When the ambient temperature approaches or exceeds the skin temperature, evaporation is the only way to dissipate heat, and the amount of sweating increases obviously, which is prone to heatstroke. High humidity environment affects sweat evaporation and heat dissipation, which is also one of the reasons for heat accumulation in the body. When all four heat dissipation methods are affected, heatstroke is easy to occur.

one

Dear teammates, do you know anything about heatstroke?

Heatstroke is usually divided into premonitory heatstroke, mild heatstroke and severe heatstroke, among which severe heatstroke can be divided into heat spasm, heat exhaustion and heatstroke.

According to the diagnostic criteria of heatstroke, it was graded from three aspects: core temperature, consciousness change and clinical manifestations.

Mild heatstroke: that is, threatened heatstroke in the previous definition. Only the above symptoms of heatstroke, normal or slightly increased core temperature (< 38℃), no new disturbance of consciousness, no organ damage.

Moderate heatstroke: heat exhaustion. There is decompensation of organ dysfunction, and it can not meet the diagnostic criteria of heat stroke. It is often characterized by manifestations of insufficient blood volume, such as cold and wet skin, pale face, obviously increased heart rate, decreased blood pressure, oliguria, etc. You may have syncope, but you will regain consciousness within a few minutes without obvious neurological damage (GCS score = 15). Core body temperature increased (≥38℃, < 40℃).

Severe heatstroke: that is, heatstroke. After exposure to high temperature (high humidity) environment and/or strenuous exercise for a certain period of time, any of the following clinical manifestations appears, which cannot be explained by other reasons: ① central nervous system damage (such as coma, general convulsion, delirium, abnormal behavior, etc., GCS score ≤ 14); ② Core temperature ≥ 40℃; (3) multiple organ (≥2) dysfunction (liver, kidney, rhabdomyosis, gastrointestinal, circulatory and respiratory dysfunction, etc.); ④ Severe coagulation dysfunction or disseminated intravascular coagulation (DIC).

2

How should we deal with heatstroke?

1. Immediately terminate the training;

2. Move to a ventilated and cool place to rest;

3. Help heatstroke comrades to take off their equipment and coats, fan and sprinkle water for him to promote heat dissipation;

4. Drink 500-1000ml； of light salt water;

5. In the wild, you can use the surrounding trees and terrain to shade the sun, use your own kettle to get water, and even help your teammates immerse themselves in the water to cool down (avoid immersing your head in the water to avoid respiratory obstruction);

6. When the symptoms of heatstroke are still not improved after rest and drinking water, you should immediately ask the health personnel for help.

three

How to effectively prevent heatstroke in summer training?

Before training: half an hour before training, 200 -500ml； of boiled water or mineral water can be taken orally;

Training: In case of high temperature weather, sweating more, thirst, less urine and dark urine, light salt water should be replenished in time. Especially when there is weakness, numbness of hands and feet, dizziness, muscle spasm of limbs, etc., normal saline should be added immediately, or water and pickles should be added;

After training: add brackish water, pickles and slightly salty soup in time.

four

"Hot acclimatization" training, find out.

Thermal acclimatization is a special training to adapt to high temperature and high humidity environment based on physical training, which should be carried out every year before entering summer (mid-April), especially when the local temperature suddenly rises.

The temperature of thermal acclimation environment should be higher than 30℃. If the temperature is not enough, local high temperature environment can be created by increasing clothes. Thermal acclimatization requires continuous training for 10-15 days, 1.5-2 hours a day, and the exercise time can be reached in several times, but each time it should not be less than 50 minutes.

Training can be carried out through various forms of aerobic exercise, such as long-distance running, basketball, football and other ball games, with or without load training, etc. Training must reach a certain intensity, such as heart rate reaching 130-150 beats/min, sweating, etc.

After heat acclimatization training, the body’s body temperature regulation and organ protection ability can be greatly enhanced.

five

Choose a scientific and reasonable training opportunity

Personal factors: Know your physical condition before training and do what you can. Especially for those who are not systematic in early training, have fever, diarrhea, stay up late, etc., we must scientifically allocate physical fitness and make a reasonable plan.

Environmental factors: evaluate the environment before training. The meteorological threshold of heatstroke is daily average temperature > 30℃ or relative humidity > 73%. When the conditions of temperature and humidity coexist or one of them increases obviously, the incidence of heatstroke increases. When the daily maximum temperature is ≥37℃, the number of people suffering from heatstroke increases sharply.

Training factors: When the environment is hot and humid, when the probability of heatstroke increases, the training intensity should be adjusted reasonably, and comfortable and breathable clothes should be worn during training, and the rest time should be arranged reasonably before and after training. When arranging training, we should pay attention to strengthening medical support, carrying heatstroke prevention and cooling drugs, oral rehydration salts, commonly used injections and drugs, and carrying ice packs, thermometers and pulse oximeters for monitoring.

six

Tips of "Cool" for heatstroke prevention and cooling in summer.

Heatstroke is very common in the training of fire fighting in summer. It looks like a minor illness, but it also hides a big hidden danger. You must not take it lightly. In addition to the series of related knowledge mentioned above, I have a little hint:

Teammates can’t simply drink a lot of mineral water or pure water after training, so they must pay attention to the supplement of electrolytes.

Because a lot of sweating will cause a lot of electrolyte loss, simple hydration will cause low potassium and sodium, which will cause weakness, numbness of hands and feet, and in severe cases, heat spasm, coma, and even cardiac arrest, so timely supplementation of light salt water is the best choice.

Original title: "Today’s Shanghainese collective" sauna "mode, how far are you from heatstroke? 》

Does it cost oil to turn on the warm air in winter？

In winter, many car owners will be concerned about whether turning on the warm air will increase the fuel consumption of the car. In fact, if used correctly, heating the car in winter won’t cost oil.

First of all, it is necessary to understand that the cold air and warm air in the car are produced by two different systems. The cold air is cooled by the compressor, while the warm air is generated by the thermal cycle of the car itself. Therefore, when we turn on the warm air, we don’t need the compressor to work, so it won’t increase the fuel consumption.

However, some car owners may find that turning on the warm air when starting the car will lead to excessive engine load, thus increasing fuel consumption. This is because it takes some time for the engine oil to fully lubricate all parts of the engine when the car is just started. If the warm air is turned on at this time, the internal lubrication of the engine will be insufficient, and the friction resistance will increase, which will lead to excessive engine load and increase fuel consumption.

Therefore, the correct way is to wait for 3 to 5 minutes after the car starts, and then turn on the warm air after the engine water temperature rises. This can ensure that the engine is fully lubricated, reduce friction resistance, and thus reduce fuel consumption.

In short, as long as it is used correctly, turning on warm air in winter will not increase the fuel consumption of the car. Car owners can safely use warm air to keep the cab warm and comfortable.

It is planned to broaden the channels for using insurance funds： stocks, funds, real estate, etc.


　　Perspective on the amendment of insurance law: broadening the channels for the use of insurance funds


　　Xinhuanet Beijing, August 25th (Reporter Mao Xiaomei, Wu Jingjing) China’s current insurance law stipulates that the use of insurance funds is relatively narrow. However, in recent years, with the increasing scale of the insurance market, the rapid accumulation of insurance funds has become a bottleneck for the development of the insurance industry because of the narrow channels of application and the difficulty of maintaining and increasing value.


　　Wu Dingfu, chairman of the China Insurance Regulatory Commission, explained the revised draft of the Insurance Law at the fourth meeting of the 11th the National People’s Congress Standing Committee (NPCSC) on 25th, saying that the revised draft appropriately broadened the channels for the use of insurance funds, considering that the use of insurance funds should not only meet the needs of industry and economic development, but also take into account the principles of safety and stability. For example, the "buying and selling government bonds and financial bonds" stipulated in the current insurance law is revised to "buying and selling bonds, stocks, securities investment funds and other securities"; It is added that insurance funds can be invested in real estate.


　　In order to prevent risks in the use of insurance funds, the revised draft also authorizes the State Council insurance regulatory agencies to formulate management measures for the use of insurance funds in the form of authorization clauses, including stipulating the specific proportion of funds invested by insurance companies in a specific project to their total funds.


　　In fact, the investment of insurance funds in stocks and funds has already been broken through in practice. In recent years, according to the decision of the State Council and the actual needs of the development of the insurance industry, the China Insurance Regulatory Commission (CIRC) combined with the provisions of the current insurance law "other forms of capital utilization stipulated by the State Council", A series of regulations and normative documents, such as Interim Measures for the Administration of Insurance Companies Investing in Securities Investment Funds, Interim Measures for the Administration of Insurance Companies Investing in Corporate Bonds, Interim Provisions for the Administration of Insurance Asset Management Companies, Interim Measures for the Administration of Overseas Use of Insurance Foreign Exchange Funds, and Interim Measures for the Administration of Stock Investment of Insurance Institutional Investors, have been issued successively. While broadening the channels for the utilization of insurance funds and trying to innovate the organizational form of fund utilization, they have achieved a good balance between safety and efficiency and effectively prevented the risk of fund utilization. At present, insurance companies have become one of the most important institutional investors in the domestic capital market.


　　"The revised draft of the Insurance Law is the new investment channel approved by the State Council in recent years." Yang Huabai, director of the regulatory department of the China Insurance Regulatory Commission, told reporters.


　　As for the insurance law’s plan to "open the gate" for the first time to invest in real estate with insurance funds, the relevant person of the China Insurance Regulatory Commission said that the scale of real estate investment is large and the term is long, which is more in line with the characteristics of insurance funds pursuing long-term, valuable and steady investment. Opening this channel can give play to the capital financing function of insurance, support the national economic construction, optimize the insurance asset structure and cultivate a new profit model for the insurance industry. In practice, some insurance companies have tried to invest in developing commercial real estate.


　　Yang Huabai said that for the regulatory authorities, the implementation of any new investment policy must be based on effective prevention and control of risks. "Once the law allows investment in real estate, the CIRC will first limit the proportion of this investment in the company’s total funds in the future and formulate a specific method for real estate investment." Because the insurance industry’s investment in real estate is still unfamiliar and lacks professional experience, it is necessary to adhere to the system first and advance steadily.


　　According to the announcement, there are more than 100 Chinese and foreign insurance companies in China, and the total assets of the insurance industry are about 3 trillion yuan. In 2007, the balance of insurance funds in China reached 2.7 trillion yuan, which was 10.5 times that of 2000.


　　It is understood that in recent years, emerging insurance organizations such as cooperative insurance institutions and mutual insurance institutions have appeared in the insurance market. This revised draft adds provisions that insurance organizations in the form of mutual system and cooperative system shall be stipulated separately by laws and administrative regulations, and the provisions of this law shall apply to their insurance business activities. Thereby giving legal status to insurance organizations such as mutual system and cooperative system.


　　It is also known that the quality of insurance companies directly relates to the interests of the vast number of policyholders, insured and beneficiaries. In order to improve the quality of insurance companies, in this revision, the insurance law intends to make stricter provisions on the conditions for the establishment of insurance companies, and will clearly state the qualifications of company executives.


　　The revision of insurance law intends to improve the management of insurance intermediaries.


　　Xinhuanet Beijing, August 25th (Reporter Wu Jingjing, Mao Xiaomei) With the development of the insurance market, some new types of insurance intermediary service institutions have emerged in China, such as insurance assessment institutions, which need to be regulated by law. The revised draft of the Insurance Law, which was deliberated at the fourth session of the 11th the National People’s Congress Standing Committee (NPCSC) on 25th, further improved the management of insurance intermediaries.


　　When explaining the revised draft, Wu Dingfu, chairman of the China Insurance Regulatory Commission, said that the provisions of the current insurance law on insurance intermediaries are relatively simple, and there are some gaps in both the subject and the code of conduct.


　　According to reports, the revised draft clarifies that part-time insurance agency is an important form of insurance agency to solve the problem of unclear legal status of part-time insurance agency; It is clear that insurance assessment institutions are insurance intermediaries, and the registered capital, employees and business rules of their business scope are stipulated; Considering the characteristics of individual insurance agents, the revised draft deletes the provisions in the current insurance law that individual insurance agents should obtain insurance agency business licenses, handle industrial and commercial registration, obtain business licenses, deposit deposits or take out professional liability insurance, and only stipulates that individual insurance agents should meet the qualifications stipulated by the State Council insurance regulatory authorities and obtain qualification certificates; The legitimate business activities of individual insurance agents shall not be investigated and dealt with without a license.


　　China revises insurance law to crack down on insurance violations


　　Xinhuanet Beijing, August 25th (Reporter Wu Jingjing, Mao Xiaomei) China’s current insurance law is not perfect in terms of penalties for insurance violations, and there is a lack of penalties for some illegal acts, which makes illegal acts unable to get due sanctions. The revised draft of the Insurance Law, which was reviewed at the fourth session of the 11th the National People’s Congress Standing Committee (NPCSC) on 25th, further clarified the legal responsibilities and cracked down on insurance violations.


　　Wu Dingfu, chairman of the China Insurance Regulatory Commission, said that with the continuous development of the insurance market, on the one hand, it is necessary to provide corresponding penalties for some new insurance violations, and on the other hand, it is necessary to improve the penalties in the existing insurance law.


　　The revised draft of the insurance law has increased the punishment for new illegal acts. New illegal acts mainly include illegal appointment of directors, supervisors and senior managers; Insurance companies and their staff make false claims by means of fictitious contracts to defraud insurance money or other illegitimate interests; Lease, lend, alter or transfer the business license; Insurance companies and their staff engage in related party transactions in violation of regulations, fail to disclose information in accordance with regulations, fabricate and spread false facts, etc., which damage the business reputation of competitors and disrupt the order of the insurance market; Insurance companies and their staff misappropriate and occupy insurance premiums and use insurance intermediaries to engage in illegal acts; Insurance intermediaries conceal important information related to insurance contracts, force, induce or restrict the insured to conclude insurance contracts by improper means, and fail to pay insurance money or take out professional liability insurance in accordance with regulations; Foreign insurance institutions set up representative offices in China without approval to engage in insurance business.


　　The revised draft also increases the accountability of those responsible for illegal acts, and stipulates that insurance companies, insurance asset management companies and insurance intermediaries engage in illegal activities. In addition to punishing illegal institutions, insurance regulators can also take measures such as canceling their qualifications and implementing market bans for their directly responsible directors, supervisors and senior managers. Insurance salesmen, personal agents and employees of insurance intermediaries who violate the law can be warned, fined, their qualification certificates revoked and banned from the market.


　　In view of the actual situation of various economic sectors investing in the insurance industry, in order to prevent investors from using insurance companies as financing tools, the revised draft draws lessons from the legislation of other countries and regions, and stipulates that if an insurance company’s assets are insufficient to pay off its debts due to its illegal operation, its directors, supervisors, general manager and deputy general manager responsible for deciding the business shall be jointly and severally liable to the company’s creditors.


　　On the basis of the current insurance law, the revised draft increases the restrictions on the administrative behavior of insurance supervisors, and stipulates the corresponding legal responsibilities for the illegal acts of supervisors in approving institutions, approving insurance clauses and rates, conducting on-site inspections and taking compulsory measures.


　　China revises insurance law and strengthens self-discipline management of insurance industry.


　　Xinhua News Agency, Beijing, August 25th (Reporter Wu Jingjing, Mao Xiaomei) A chapter "Insurance Industry Association" was added to the revised draft of the Insurance Law, which was deliberated at the fourth session of the 11th the National People’s Congress Standing Committee (NPCSC) on August 25th, and the legal status and main responsibilities of insurance industry associations were stipulated.


　　"In order to promote the transformation of government management functions, improve insurance supervision methods and make effective use of supervision resources, we should give full play to the role of insurance industry associations as a self-regulatory organization." Wu Dingfu, chairman of China Insurance Regulatory Commission, said. The revised draft stipulates that the insurance industry association is a self-regulatory organization of the insurance industry and a social group legal person. An insurance company shall join an insurance industry association. Insurance agents, insurance brokers and insurance assessment institutions may join insurance industry associations.


　　The revised draft also stipulates the responsibilities that insurance industry associations should perform, including safeguarding the legitimate rights and interests of members in accordance with the law and reflecting the suggestions and requirements of members to insurance supervision and management institutions; To mediate disputes between members, members and policyholders, insured and beneficiaries; Members who violate the articles of association of the insurance industry association and the self-discipline rules of the industry shall be given disciplinary sanctions in accordance with the regulations. (End)


　　The amendment of insurance law intends to improve the market exit mechanism of insurance companies


　　Xinhuanet Beijing, August 25th (Reporter Wu Jingjing, Mao Xiaomei) The revised draft of the Insurance Law, which was deliberated at the fourth session of the 11th the National People’s Congress Standing Committee (NPCSC) on the 25th, further improved the market withdrawal mechanism of insurance companies.


　　The current insurance law has made some provisions on the cancellation and bankruptcy of insurance companies. In order to maintain the order of the insurance market and public interests, the revised draft, on the basis of the existing provisions, adds provisions that insurance companies have illegal operations, poor management or solvency lower than the standards set by the State Council insurance regulatory agencies. If the insurance company is not revoked, it will seriously endanger the order of the insurance market and damage the public interests. The insurance regulatory agency of the State Council will revoke it and organize a liquidation team in time to conduct liquidation according to law.


　　According to the relevant provisions of the Enterprise Bankruptcy Law, the revised draft also provides for special matters concerning the bankruptcy of insurance companies, mainly including: stipulating that the State Council insurance regulatory agencies can apply to the people’s court for reorganization or bankruptcy liquidation of insurance companies; The order of debt settlement in bankruptcy liquidation of insurance companies is further clarified.

Editor: Meng Xu

In 2018, the total number of passenger cars in Beijing will be reduced to 100,000, and the proportion will be tilted towards individuals.

　　On December 15th, the Beijing Municipal Commission of Communications released the total number and allocation ratio of passenger cars in Beijing in 2018, and announced the revision of the 2017 edition of the Interim Provisions on the Regulation of the Number of Passenger Cars in Beijing. In 2018, the total number of passenger car indicators decreased from 150,000 to 100,000, of which the new energy indicators remained unchanged at 60,000, and the general indicators were reduced from 90,000 to 40,000. Although the index has been reduced, it will be greatly tilted towards individuals, and the number of individual ordinary car indexes will become 38 thousand. The number of new energy indicators will exceed that of ordinary vehicles for the first time. According to the relevant person in charge of the Municipal Transportation Commission, Beijing must control the total development of passenger cars due to environmental and road resource constraints. While controlling the number of passenger cars, Beijing will make great efforts to accelerate the construction and development of rail transit and continuously increase the supply of public transport infrastructure.

　　issue

　　Individual ordinary car index reduced to 38,000

　　Beijing Youth Daily reporter learned from Beijing Municipal Transportation Commission that on December 15, 2017, the newly revised Interim Provisions on the Regulation of the Number of Passenger Cars in Beijing and the Notice on the Total Quantity and Allocation Ratio of Passenger Cars in 2018 were announced to the public on the website of Beijing Passenger Car Index Regulation Management Information System, and the Interim Provisions will be implemented on January 15, 2018.

　　According to the relevant person in charge of the Municipal Transportation Commission, in order to implement the goal of "the number of motor vehicles in the city should be controlled within 6.3 million by the end of 2020" in the Traffic Development and Construction Plan of Beijing during the Thirteenth Five-Year Plan and the Work Plan for the Implementation of the Beijing Urban Master Plan (2017-2020), the Notice clarifies that the total number of passenger car allocation indicators will be reduced from 150,000 to 100,000 in 2018.

　　In 2018, the quotas of general indicators and new energy indicators will be further tilted towards individuals, and the proportion of individual general indicators will increase from 92% in 2017 to 95%, which is 38,000.

　　The index of new energy vehicles exceeds that of ordinary vehicles for the first time.

　　In 2015, 2016 and 2017, the total number of new passenger cars in Beijing each year was 150,000. Among them, the number of new energy indicators increased from 30,000 in 2015 to 60,000 in 2016 and 2017. With the increase in the proportion of new energy vehicles, the number of indicators of ordinary vehicles has decreased, and the difficulty of winning the lottery has hit record highs.

　　In 2018, the new energy indicators will remain unchanged at 60,000, the proportion of individual new energy indicators will increase from 85% to 90% (54,000), and the unit indicators and operating indicators will each account for 5% of the annual quota (3,000 each). This is also the first time that the personal new energy index has exceeded the personal ordinary car index.

　　The reporter of Beiqing Daily learned that according to the detailed rules for the implementation of the Interim Provisions on the Regulation of the Number of Passenger Cars in Beijing (revised in 2013), the city has implemented a system of quantity regulation and quota management for passenger cars. The specific growth quantity and regulation ratio are determined by the demand situation of passenger cars, road traffic and environmental carrying capacity. In fact, according to the data of the Municipal Traffic Management Bureau, as of November 2017, the number of motor vehicles in the city has reached 5.9 million, which is close to the carrying capacity of traffic and environment.

　　The allocation ratio is constantly tilting towards individuals.

　　At present, the index applications of individuals and units in Beijing are all in the same pool, but in the past two years, the proportion is constantly tilting towards individuals.

　　In 2015, the quota of passenger cars in Beijing was 150,000, including 120,000 ordinary indicators and 30,000 demonstration and application new energy indicators. Among them, the individual quota accounts for 88% of the annual quota, the unit quota accounts for 6% of the annual quota, and the operating passenger car quota accounts for 6% of the annual quota. In 2016, the quota of individual indicators accounted for 90% of the annual quota. In 2017, the quota of individual indicators accounted for 92% of the annual quota. In 2018, the data increased to 95%.

　　The validity of indicators is automatically extended to one year.

　　At present, the index is valid for 6 months. However, due to various reasons such as the purchase of new cars and the late signing of the index, many citizens report that the index is too short. In the future, the validity period of the index will be adjusted to one year to facilitate the citizens to go through the formalities. According to reports, the extension of the validity period is not only for the newly added configuration indicators, but also for the time limit for applying for updating indicators after the vehicle is transferred out or scrapped and the time limit for buying a car after obtaining the updated indicators. Citizens have a year to make a choice after they get the ordinary index or wait for the new energy index. Citizens who update their vehicles have two years to choose from eliminating the previous car to buying a new one. Indicators that have been held before the official implementation of the new interim provisions and are still within the validity period will be automatically extended.

　　Four types of situations will not update the indicators.

　　The reporter of Beiqing Daily learned that in this new policy, there are four situations in which the indicators are not updated: (1) Reaching the service life (among them, small and micro non-operating passenger cars have no service life limit. The service life of small, micro, medium and large rental passenger cars is 8 years, 10 years and 12 years respectively, and the rental passenger car is 15 years); (2) After repair and adjustment, it still does not meet the relevant requirements of the national standards for motor vehicle safety technology for in-use vehicles; (3) After being repaired and adjusted or adopting control technology, the pollutants or noise discharged into the atmosphere still do not meet the relevant requirements of the national standards for in-use vehicles; (4) Failing to obtain the motor vehicle inspection conformity mark within three consecutive motor vehicle inspection cycles after the expiration of the inspection validity period.

　　For ordinary citizens, if they fail to obtain the motor vehicle inspection conformity mark within three consecutive motor vehicle inspection cycles after the expiration of the inspection validity period, the indicators will not be updated.

　　interpret

　　Why is the index of ordinary cars reduced?

　　Since Beijing implemented the policy of controlling the number of passenger cars in 2011, the number of passenger cars has increased reasonably and orderly. From January 2011 to the end of November 2017, the number of passenger cars in this city increased by 954,000, and the annual growth rate dropped from 24.3% in 2010 to 2.4%. In the same period, the resident population increased from 19.612 million in 2010 to 22 million in 2017, with an estimated increase of 2.38 million. The traffic index dropped from 6.1 in 2010 to about 5.6 in 2017, and the congestion situation not only did not deteriorate, but also improved.

　　At the same time, the index control policy has also promoted the demonstration application of new energy vehicles and promoted the optimization of vehicle energy structure in this city. At present, the city has registered more than 137,800 pure electric passenger cars, ranking first in the country.

　　Judging from the current development situation, although the disorderly and rapid growth of passenger cars has been effectively curbed, the continuous growth of motor vehicles still poses great pressure on air quality, traffic operation and urban space.

　　On the atmospheric side, with the pollution control of industrial production, coal burning and dust in this city, the proportion of motor vehicle emission pollution in local pollution sources is prominent, becoming the biggest "contributor" of PM2.5

　　In terms of traffic operation, from 2010 to 2016, the city’s total highway mileage increased by 0.66% and urban roads by 0.17% annually, while motor vehicles increased by 3.23% annually during the same period, which was much higher than the growth rate of road construction mileage. The carrying capacity of urban road network is still fragile.

　　In terms of urban space, the contradiction between supply and demand between the number of motor vehicles and parking spaces is still outstanding. Judging from the distribution of passenger cars, the number of cars between the Second and Third Ring Roads is about 5,500/km2, which is obviously higher than that between the Fifth and Sixth Ring Roads, which is about 700/km2, showing a high-density gathering trend, while the parking contradiction between the old residential area in the central city and the bungalow hutong area is the most prominent, and it is the most difficult to tap the potential. Therefore, it is necessary to take the bearing capacity as a binding condition to further slow down the growth of motor vehicles.

　　answer questions

　　How to calculate the validity period of indicators?

　　Q: Which indicators can be extended?

　　A: In August, October and December, 2017, the passenger car configuration indicators obtained by lottery and waiting were extended for 6 months on the original basis.

　　If you haven’t applied for updating the index after selling or scrapping the Beijing brand minibus from July 15, 2017 to January 14, 2018, the time limit for applying for updating the index will also be extended by six months on the original basis.

　　After the vehicle was stolen and robbed, if the public security organ filed the case after July 15, 2016 (inclusive), and the case has not been recovered for 12 months, and the stolen and robbed state has been registered in the vehicle management system of the public security organ, you can apply for the passenger car index within the next 12 months.

　　Q: How to calculate the annual inspection cycle of passenger cars?

　　A: Article 16 of the Regulations for the Implementation of the Road Traffic Safety Law of the People’s Republic of China stipulates the inspection period of various motor vehicles, among which the passenger cars are inspected once a year within 5 years; More than 5 years, once every 6 months. Small and micro non-operating passenger cars shall be inspected once every 2 years within 6 years; More than 6 years, the inspection once a year; More than 15 years, once every 6 months.

　　Q: Is it impossible to apply for updating indicators as long as the time limit for compulsory scrapping is reached?

　　Answer: For vehicles that have reached the national compulsory scrapping standards for motor vehicles, the Public Security Traffic Management Bureau of this Municipality will regularly issue the Announcement on the Invalidation of the License Plate, Driving License and Registration Certificate of Motor Vehicles that have not been deregistered according to the national compulsory scrapping standards through official website. Any vehicle whose deregistration date is later than the announcement date will no longer accept the application for updating the indicators. Passenger cars whose motor vehicle license plates have been declared invalid before January 15, 2018 will no longer accept applications for updating indicators if they cancel their registration after January 15, 2018.

　　be relevant

　　Beijing opens next year.

　　Three sections of subway line

　　In recent years, while controlling the number of passenger cars, the city has made great efforts to speed up the construction and development of rail transit, constantly increasing the supply of public transport infrastructure, and new lines have been opened and put into operation every year.

　　Three new lines will be opened at the end of this year, namely Yanfang Line, Xijiao Line and S1 Line. After the opening of the three new lines, there will be 22 subway lines in this city, and the operating mileage will increase from 574 kilometers to 608.2 kilometers.

　　In 2018, the city plans to open three more lines, including the third phase of Line 8 (Zhushikou Station to Wufutang Station, Nanluoguxiang Station to National Art Museum of China Station), the fourth phase of Line 8, and the west extension of Line 6 (Haidian Wuluju Station to Pingguoyuan South Road Station). The operating mileage has increased to more than 630 kilometers.

　　At the same time, Beijing will accelerate the construction of more than 300 kilometers of rail transit lines, such as the new airport line, pinggu line, the east extension of Line 7, Line 12, the remaining section of Line 14, Line 16, Line 17, Line 19, CBD line and Yanfang line branch. It is planned to realize 900 kilometers of rail transit by 2020, and the coverage rate of 750 meters in the central city subway station will reach 90%.

　　In addition, we will continue to optimize the ground bus network, build a comprehensive and convenient transfer system, grasp the new changes in the rapid development of the subway network and share the economy, and make the green travel environment of "subway+ground bus, bike-sharing and walking" better and better.

　　extend

　　Regulation policy on the number of passenger cars

　　Optimization for many times in six years.

　　The reporter of Beiqing Daily learned from the passenger car indicator office that since the implementation of the passenger car quantity control policy in 2011, the indicator office has actively listened to the opinions and suggestions of the Municipal People’s Congress, CPPCC members and the general public, and has revised, supplemented and improved the implementation rules several times.

　　On December 27, 2011, the implementation rules were revised for the first time. The revised contents mainly include: First, it is clear that the expired unused personal passenger car indicators will be re-incorporated into the lottery pool configuration; The second is to stipulate the validity period of personal configuration index application and streamline the number of lottery pool codes; The third is to allow newly registered enterprises to participate in the lottery to facilitate the development of enterprises; The fourth is to clearly update the application time limit of indicators and strengthen the management of indicators.

　　On November 27, 2013, the implementation rules were revised again. The revised contents mainly include: setting the winning rate of individual lottery ladder to alleviate the pressure of "long-term failure"; Increase the index configuration of new energy passenger cars; Solve the problem of applying for indicators after the passenger car is stolen; Cooperate with the municipal court to implement the judicial auction of Beijing brand passenger cars with index transfer, and solve the problem of difficult implementation.

　　On January 22, 2016, the advanced rules for the winning rate of the lottery ladder of ordinary passenger cars were further adjusted, and the care for applicants who have been shaken for a long time was increased. Issued the "Notice on Demonstrating and Applying the Relevant Rules for Waiting for the Allocation of New Energy Passenger Cars", and cancelled the lottery of new energy passenger cars.

　　This time, in combination with the revision of the Interim Provisions on the Regulation of the Number of Passenger Cars in Beijing, the Detailed Rules for the Implementation of the Interim Provisions on the Regulation of the Number of Passenger Cars in Beijing have been revised, which will also be announced in the near future and will be implemented simultaneously on January 15, 2018.

　　This edition/reporter Liu Wei

　　Cartography/Reporter Wang Zixuan for the picture/vision china

　　expert

　　The number of motor vehicles in megacities in the world has gradually increased by zero.

　　Xu Kangming, a transportation expert, said in an interview with the reporter of Beiqing Daily that the number of motor vehicles in megacities in the world has gradually increased by zero or even negative growth. For example, the number of motor vehicles in some European cities and Singapore has been zero growth. It can be seen from the new index management method that Beijing has adopted a rational overall policy for motor vehicle development.

　　Xu Kangming believes that the motor vehicle development policy may go through four stages, from the past control to the current reduction of the total increase, and will gradually develop to zero growth or even negative growth in the future.

This winter, come to Century Park and meet the bird spirits!

Century Park is one of the top ten bird-watching places in Shanghai, with more than 100 species of birds observed throughout the year. Although it is a gloomy winter, you can see many birds when you look closely.

Black-headed wax-billed finches come to Shanghai for winter every year, and this winter is a year with a large number. Many parks have records of black-headed wax-billed finches. Black-tailed wax-billed finches can be seen near Bird Island in Century Park. They have a taupe overall color scheme and a waxy yellow beak. Although they are only small songbirds with a body length of about 18 cm, they are full of vitality. Despite their small size, they are full of endurance, and they will always be vigilant even when resting in the wild.

At the beginning of the month, birdwatchers once saw an ordinary crake near Jingtian Lake in the park. Since then, news has spread like wildfire, and almost every day, people wait patiently in that area to see its face.

One day, a bird-watching enthusiast saw the ordinary crake slowly coming out of the gap between the reeds, stopped for a while, and then got into the dense reeds and disappeared.

Listening to the chirping of birds’ branches and watching them fly, Century Park has attracted many birdwatchers to watch and photograph birds in the park. Bird watching in Buddhism is not only a relaxing enjoyment, but also an unexpected gain and the joy of looking back suddenly.

Century Park is a place where birds are singing and flowers are fragrant. Because of its good ecological environment, it attracts all kinds of birds to settle down or spend the winter in Century Park every year. As more and more birds are willing to choose to rest in Century Park, birds and human beings live in harmony and become a beautiful landscape.

Promote the stable and healthy development of the real estate market (Rui Finance)

A few days ago, the relocated residents in Nantingfang Community, Changqing Street, Baohe District, Hefei City, Anhui Province, welcomed the resettlement houses, and they will start a new life in a modern community with complete facilities. According to reports, the community can accommodate 2533 sets of houses this time. Xinhua News Agency reporter Liu Junxi photo
Reasonably adjust the scope of purchase restriction, increase the amount of provident fund loans, optimize the use of existing real estate land, and revitalize the existing parking spaces of development projects … Since the beginning of this year, many places across the country have continuously optimized and adjusted the property market regulation policies to further support the rigid and improved housing demand and promote the stable and healthy development of the real estate market.
With the long-term mechanism of real estate taking root and the stable operation of the real estate market, the positioning of "the house is for living, not for speculation" has further become a social consensus.
Downward trend needs attention.
The real estate industry is large in scale, long in chain and wide in scope, and plays a decisive role in the national economy. Since the beginning of this year, the national real estate market has been generally stable, but the downward trend also needs great attention. Statistics from the National Bureau of Statistics show that from January to April this year, the national fixed asset investment (excluding farmers) was 15,354.4 billion yuan, up 6.8% year-on-year. Among them, investment in real estate development decreased by 2.7%. From January to April, the sales area of commercial housing nationwide was 397.68 million square meters, down 20.9% year-on-year.
Sheng Guoqing, chief statistician of the Urban Department of the National Bureau of Statistics, said that in April, among 70 large and medium-sized cities, the number of cities where the sales price of commercial housing decreased increased, and the sales price of commercial housing in first, second and third tier cities showed a downward trend on the whole and continued to decline year-on-year.
From the ring comparison, the sales price of commercial housing in first-tier cities increased slightly, while that in second-and third-tier cities decreased. In April, the sales price of new commercial housing in first-tier cities rose by 0.2% month-on-month, and the growth rate dropped by 0.1 percentage point from last month. The sales price of second-hand houses rose by 0.4% month-on-month, the same as last month. From a year-on-year perspective, the year-on-year increase or decrease in the sales price of commercial housing in first, second and third tier cities dropped or expanded. In April, among 70 large and medium-sized cities, the sales prices of newly-built commercial housing and second-hand housing decreased year-on-year, respectively, in 39 and 56 cities, increasing by 10 and 9 respectively from last month.
Relevant experts believe that from the year-on-year changes in house prices, the number of cities with falling house prices has an increasing trend, and the confidence of buyers has yet to be restored.
Since April, the property market regulation policies have been released in many places. Among them are Zhengzhou, Lanzhou, Fuzhou, Changsha, Nanjing, Suzhou and other large and medium-sized cities, as well as many third-and fourth-tier cities. Its control measures mainly focus on supporting rigid and improved housing demand and boosting housing consumption.
Liu Lin, a researcher at China Macroeconomic Research Institute, believes that while keeping the risk bottom line, all localities should make appropriate adjustments to the previous contractive control policies to better support the first set of rigid housing demand and reasonable improvement demand, and encourage new citizens, young people and other groups to make housing consumption.
Actively encourage self-occupation demand
Facing the new situation and new challenges, the central and local departments concerned have taken a series of concrete measures to support the first set of rigid demand for house purchase, reasonable demand for improvement, and demand for rental housing.
On May 15th, the People’s Bank of China and China Banking and Insurance Regulatory Commission issued relevant notices to adjust the differentiated housing credit policy. Among them, for households who purchase ordinary self-occupied housing by loans, the lower limit of the interest rate of the first set of commercial personal housing loans is adjusted to not less than the quoted interest rate of the loan market for the corresponding period minus 20 basis points. On May 20th, the People’s Bank of China authorized the National Inter-bank Funding Center to announce the quoted interest rate (LPR) of loans over five years, which was 4.45%, a decrease of 0.15% compared with the previous one, and it has been lowered again since January 20th this year.
In Shandong, Jinan Housing Provident Fund Center issued a policy. Since May 24, the standard for identifying the first suite has been adjusted from "the family of registered employees in this city has no housing and no housing loans (including provident fund loans and commercial loans)" to "the family of registered employees in this city has no housing in this city". At the same time, the down payment ratio of the first home loan for non-registered families in this city was adjusted from 60% to 30%.
In Jiangsu and Lianyungang, the latest measures were introduced to further optimize the payment mode of bid bond for operating land. On the basis of strictly implementing the supervision system of pre-sale funds of commercial housing, we will explore ways to guarantee and release a certain amount of funds for the construction and operation of real estate projects.
"Judging from the situation in most cities, the lower limit of the first home loan interest rate in May decreased by 35 basis points compared with April, and the lower limit of the second home loan interest rate decreased by 15 basis points. This change, superimposed on the optimization measures taken by various places due to urban policies, will help reduce the cost of buyers and promote the release of just-needed and improved housing demand. " RealData market analyst Liu Lijie said.
The bottom line of "housing and not speculating" is solid.
According to the data of the Ministry of Housing and Urban-Rural Development, China is still in the stage of rapid urbanization, with more than 11 million newly employed people in cities and towns every year, which brings a lot of new housing demand. At the same time, a large number of old houses built before 2000 are small in area, poor in quality and incomplete in supporting facilities, and the demand for residents to improve their living conditions is relatively strong. All these provide favorable conditions for the real estate market to stick to the principle of stability and achieve healthy development.
Zhao Xiuchi, a researcher at the Institute of Economic and Social Development of Megacities of Capital University of Economics and Business, pointed out in an interview with this reporter that the recent fine-tuning and optimization of the credit environment and real estate regulation and control policies is due to the city’s policy of supporting rigid and improved housing demand, which is a necessary move to keep the economy running in a reasonable range, and reflects the positioning that "houses are used for living, not for speculation".
"The optimization of real estate regulation and control policies should continue to adhere to the word’ stable’ and firmly hold the bottom line of’ housing and not speculating’ while meeting reasonable needs." Zhao Xiuchi believes that we should further improve the efficiency of land and housing use and accelerate the development of the housing rental market with the guidance of meeting reasonable and self-occupied housing demand and the balance between occupation and housing as the starting point.
In the view of Feng Jun, president of China Real Estate Association, local governments can’t break away from the orientation and direction of "housing and not speculating", and they can’t use real estate as a tool and means to stimulate the economy in the short term. In the future, the key is to continue to implement a long-term real estate mechanism, maintain the continuity and stability of regulatory policies, and enhance accuracy and coordination.
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The 2028 Los Angeles Olympic Games confirmed five new events, including squash and flag football.

Chao News Client Reporter Li Wenyao

On October 16th, at the 141st plenary session of the International Olympic Committee held in Mumbai, India, the IOC plenary session decided to adopt five new sports for the 2028 Los Angeles Olympic Games: baseball and softball, cricket, flag football, squash and tennis.

Earlier, International Olympic Committee President Bach said: "The choice of these five new sports is in line with American sports culture, and will show the world the iconic sports of the United States and bring international sports to the United States."

Official website of the International Olympic Committee explained that gender equality, the utilization rate of existing venues and facilities, and the popularity of events in the United States and around the world were taken into account in the evaluation of new Olympic sports.

There are three out of five items.

Appeared in Hangzhou Asian Games.

Among the five newly added events, except stick tennis and flag football, the other three events are official events of the Hangzhou Asian Games, and the China team also won the silver medal in the women’s softball event of the Hangzhou Asian Games.

Baseball and softball, cricket and stick tennis were once Olympic events. Among them, baseball and softball entered the Olympic Games from 1992 to 2008 and 2020, cricket appeared in the Olympic Games in 1900, and stick tennis was the event of the two Olympic Games in 1904 and 1908.

Although squash and flag football have never entered the Olympic Games before. But in the past two years, with the popularity of outdoor sports and the help of new media, it has become a new sport popular among young people after Frisbee, with a huge mass base.

Compared with the formal rugby, the waist flag rugby replaces the direct contact of the body by pulling the waist flag on the belt, which reduces the collision of the project itself, expands the audience of the sport, and makes teenagers and even girls happy.

Squash, which is known as the king of indoor sports, has entered college campuses and stadiums first. At present, there are about 30 squash courts in Hangzhou, including individual investment. These dozens of courts not only appear in national fitness facilities, but also can be seen in campuses and businesses, laying a good foundation for the public to understand squash.

Minority sports enter the Olympics.

Gain more attention

Compared with the other four events, stick tennis seems to be farther away from our lives. So what exactly is stick tennis?

Stick tennis, also known as net baseball, originated from the Indian tribes in North America, is a collective sport that uses the net pocket at the top of the bat to control the movement of small balls, and uses the lever principle to catch the balls in the net by throwing and scoring, and finally determines the outcome of the game by the score.

Does that sound familiar? Modern sports such as basketball and ice hockey, which originated in North America and are popular in the world, were actually invented with reference to stick tennis.

Stick tennis Source: vision china

In 1998, Beijing Sport University formally established the first male and female school team of stick tennis in China, and ten years later, it extended the sport to universities in Shanghai. At present, stick tennis is mainly carried out in universities, primary and secondary schools and sports training institutions in Beijing, Shanghai and Shenzhen, but there are no officially sponsored brand competitions in China because of the small number of participants.

These five events have officially become new events in the 2028 Los Angeles Olympic Games. For baseball and cricket, they are an opportunity to return to the Olympic family. For stick tennis, flag football and squash, they have entered the public’s field of vision, attracting more people to be crazy, just like cricket in the Asian Games.

In addition, according to the suggestions of international individual sports organizations, the IOC Executive Board meeting also confirmed the sub-item setting of the Los Angeles Olympic Games. Compared with the Paris Olympic Games, there is only one change: the beach sprint of coastal rowing, which has gradually become popular in recent years, has replaced the men’s and women’s lightweight double sculls. This is also the first time that rowing beach sprint has joined the Olympic Games.

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In the first half of the year, credit bonds defaulted by nearly 100 billion yuan, ranking first in the real estate industry.

　　The default situation of credit bonds continues unabated. According to Wind statistics, as of June 30, the default scale of credit bonds this year has reached 98.573 billion yuan, far exceeding the level of the same period last year. Among them, the overdue principal of bonds is 91.338 billion yuan and the overdue interest is 7.235 billion yuan.

　　Insiders interviewed by reporters said that the deterioration of default data in the first half of this year was mainly due to the risk exposure of several major entities such as HNA Group and Huaxia Happiness, which can be said to be the result of the accumulation of default risks in the previous period. Looking forward to the second half of the year, the default situation may continue, and the credit differentiation will further intensify.

　　At the same time, with the gradual normalization of bond market default, the redemption rate of bonds after default has also decreased year by year. Although private enterprises are still the main force of default, the scale of default of state-owned enterprises has increased rapidly. According to statistics, in the first half of 2021, the balance of default bonds of local state-owned enterprises totaled 36.411 billion yuan, accounting for 79% of the default amount of local state-owned enterprises’ bonds last year, which continued to impact the "belief in state-owned enterprises". Some analysts said that there have been two major trends in the default of credit bonds. First, state-owned enterprises with weak qualifications will become a breakthrough to break the just exchange; Second, the tail real estate company will accelerate the market clearing.

　　The scale of credit debt default has expanded.

　　Since the beginning of the year, credit bond defaults have occurred frequently. According to statistics, there were 13 new issuers who defaulted for the first time in the first half of the year, including 7 issuers in the first quarter and 6 issuers in the second quarter. However, this figure is down from 19 in the first half of 2020.

　　According to the analysis of CICC’s collection team, in contrast, the cumulative number of issuers who defaulted in the first half of this year and in the two quarters showed a downward trend year-on-year. The decrease in the number of issuers who defaulted was related to the greater efforts of supervision and local governments to maintain stability, and repeatedly stated that they had zero tolerance for malicious "evasion of debts", actively guaranteed bond payment and restored market confidence.

　　Although the number of new defaulting subjects has decreased, the scale of default has not decreased. According to the reporter’s statistics, as of June 30th, the number of defaults on credit bonds reached 120 this year, with a scale of 98.573 billion yuan, compared with 94 and 72.995 billion yuan in the same period last year. Among them, the overdue principal of bonds this year is 91.338 billion yuan, and the overdue interest is 7.235 billion yuan.

　　"This is mainly due to the risk exposure of several major defaulting entities, such as HNA Group and Huaxia Happiness, which is the result of the accumulation of risks in the early stage." A director of fixed income of a fund company told reporters. For example, in the first half of the year, a number of issuers of Hainan Airlines were ruled by the court to accept bankruptcy and reorganization applications, and all the surviving bonds were deemed to be due to breach of contract, which in turn pushed up the number and amount of defaulted bonds in the first half of the year.

　　Ming Ming, deputy director of CITIC Securities Research Institute, also told CBN: "The scale of default under the conventional caliber includes the subjects that have defaulted over the years. If their surviving bonds expire in the first half of 2021, they will also be included in this year’s default, resulting in large data. In particular, the defaults in the first half of this year included large bond entities such as Kangmei, Huaxia Happiness, Huaxin and Taihe, which led to a higher amount than the same period last year. "

　　Mingming also said that considering the risk of default in the first half of this year, it is usually compared with the first default of enterprises. In the first half of this year, the new default was 8.65 billion yuan, which was lower than 13.38 billion yuan in the same period last year.

　　Real estate default accounts for a large proportion

　　From the perspective of industry distribution, in the first half of this year, bond defaults were mainly concentrated in comprehensive, real estate, air transport, construction and engineering industries. Among them, the default scale of the real estate industry was 19.192 billion yuan, ranking first. Some insiders predict that the market-oriented clearing will be accelerated in the future under the background that the real estate regulation is not relaxed.

　　CICC’s collection team believes that this is because real estate development enterprises have the problems of large cash inflow and outflow, frequent policy regulation and tight refinancing as a whole, and naturally have the characteristics of high credit risk.

　　In fact, since 2018, with the marginal tightening of real estate financing and the arrival of the peak of real estate corporate bonds maturity, the default of real estate bonds has gradually been exposed. Especially since May last year, local regulatory policies have been tightened again, and the continuous financing shortage has stretched the capital chain of some real estate industries.

　　After the default of three real estate enterprises in the first half of this year, the institutions intensified their risk investigation on the real estate sector, and their attitudes tended to be cautious. "Some small and medium-sized housing enterprises have relatively high debt ratios, and the financing channels faced by the industry have narrowed, so they are prone to default." Macro analyst Zhou Maohua told reporters.

　　It is also worth mentioning that on July 12, Sichuan 100 billion-level housing enterprise Blu-ray Development Co., Ltd. also defaulted. The announcement shows that as of the end of the due date, the issuer failed to raise the full repayment funds as agreed, and "19 Blu-ray MTN001" failed to repay the principal and interest in full on schedule, which constituted a material breach of contract.

　　It is reported that the issuance scale of "19 Blu-ray MTN001" is 900 million yuan, with a term of 2 years. The interest rate of the bonds in this interest period is 7.5%, and the amount of principal and interest payable is 967.5 million yuan. The redemption date is July 11, 2021 (the actual redemption date is July 12, 2021).

　　Looking forward to the future credit bond market, many people in the industry expressed optimism. The aforementioned fixed income director of the fund company told reporters that it is expected that the credit default situation will continue in the second half of the year. After all, the credit financing environment has not been relaxed, and the policy has been tightening the review of urban investment bonds and real estate bonds. The performance of the credit market will be more differentiated, and the sinking of qualifications will be more cautious.

　　Zhou Maohua said that from the trend, domestic defaults will not rise sharply, mainly because the overall domestic monetary and credit environment remains reasonable and moderate, and accurately supports short-term weaknesses. At the same time, the economy and domestic demand are recovering steadily, the overall profit of enterprises tends to improve, and the market financing function is sound.

　　"We should treat the domestic bond market default rationally. A certain amount of bond default will help to find the market price, force enterprises to operate steadily, reasonably debt, and continuously improve operating efficiency; It also helps the market mechanism to play its role and promote the efficiency of market resource allocation. " Zhou Maohua also mentioned.

　　Decreasing the redemption rate of default bonds

　　As the default of credit bonds tends to be normalized, there is also a phenomenon that the payment ratio of default bonds is also decreasing.

　　According to the statistics of Zhongtai Securities, the proportion of the accumulated principal paid by default bonds to the accumulated balance of default bonds has dropped from 79.37% at the end of 2014 to 6.87% at the end of the first half of 2021; The proportion of fully paid bonds to default bonds decreased from 20% to 7.16%. This means that once the bond defaults, investors will face greater losses.

　　Generally speaking, after the bond defaults, enterprises mainly have five ways to deal with the default, namely litigation arbitration, bankruptcy litigation, self-financing repayment, debt restructuring and collateral disposal/guarantor compensation. In general, self-raised funds, debt restructuring and bankruptcy litigation are three common disposal methods, among which debt restructuring and self-raised funds have shorter redemption period and higher recovery rate than bankruptcy restructuring.

　　In addition, there are differences in default payment of different types of bonds. For example, from the perspective of the nature of enterprises, Zhongtai Securities analyzed that by the end of June 2021, 40 of the 135 private enterprises that had defaulted on bonds had partially or fully paid the defaulted bonds, with a redemption probability of 29.63%; However, local state-owned enterprises and central state-owned enterprises have higher redemption probabilities, which are 38.46% and 36.36% respectively.

　　However, in recent years, with the substantial increase in the default scale of local state-owned enterprises and the successive default of bonds issued by some central enterprise groups, "the redemption ratio of local state-owned enterprises and central enterprises according to the amount of redemption and the number of fully redeemed bonds has been lower than that of private enterprises." Zhou Yue, chief analyst of Zhongtai Securities Solid Revenue, said.

　　Specifically, in the first half of 2021, the cumulative redemption amount of local state-owned enterprises accounted for 5.03% of the bond default scale, compared with 13.95% at the end of 2018; The proportion of central enterprises is 4.20%, and it was 17.26% at the end of 2018. Zhou Yue further believes that at present, there are two tendentious problems in the default of credit bonds. First, weak state-owned enterprises will become a breakthrough to break the just-redeemed; Second, the tail real estate company will accelerate the market clearing.

Rugby sevens

Xinhua News Agency photo, Xi ‘an, September 16, 2021 (National Games) (1) Rugby Sevens-Men’s Group Match: Shaanxi Team Wins Shanxi Team On September 16, Shaanxi team player Liu Shuhao scored a touchdown in the game. On the same day, in the Group C competition of men’s rugby sevens in the 14th National Games held in Xi ‘an, Shaanxi defeated Shanxi 40-0. Xinhua News Agency reporter WU GANG photo
Xinhua News Agency photo, Xi ‘an, September 16, 2021 (National Games) (2) Rugby Sevens-Men’s Group Match: Shaanxi Team Wins Shanxi Team On September 16, Shaanxi team player Guo Jie (former) was blocked in the game. On the same day, in the Group C competition of men’s rugby sevens in the 14th National Games held in Xi ‘an, Shaanxi defeated Shanxi 40-0. Xinhua News Agency reporter WU GANG photo
Xinhua News Agency photo, Xi ‘an, September 16, 2021 (National Games) (3) Rugby Sevens-Men’s Group Match: Shaanxi Team Wins Shanxi Team On September 16, Shanxi team player Xu Kangbo (middle) was blocked in the game. On the same day, in the Group C competition of men’s rugby sevens in the 14th National Games held in Xi ‘an, Shaanxi defeated Shanxi 40-0. Xinhua News Agency reporter WU GANG photo
Xinhua News Agency photo, Xi ‘an, September 16, 2021 (National Games) (4) Rugby Sevens-Men’s Group Match: Shaanxi Team Wins Shanxi Team On September 16, Shaanxi team player Li Benshou (middle) broke through with the ball in the game. On the same day, in the Group C competition of men’s rugby sevens in the 14th National Games held in Xi ‘an, Shaanxi defeated Shanxi 40-0. Xinhua News Agency reporter WU GANG photo
Xinhua News Agency photo, Xi ‘an, September 16, 2021 (National Games) (5) Rugby Sevens-Men’s Group Match: Shaanxi Team Wins Shanxi Team On September 16, Shanxi team player Liu Haoxin (second from left) served in the game. On the same day, in the Group C competition of men’s rugby sevens in the 14th National Games held in Xi ‘an, Shaanxi defeated Shanxi 40-0. Xinhua News Agency reporter WU GANG photo
Xinhua News Agency photo, Xi ‘an, September 16, 2021 (National Games) (6) Rugby Sevens-Men’s Group Match: Shaanxi Team Wins Shanxi Team On September 16, Shaanxi team player Sun Zhihui (former) passed the ball in the game. On the same day, in the Group C competition of men’s rugby sevens in the 14th National Games held in Xi ‘an, Shaanxi defeated Shanxi 40-0. Xinhua News Agency reporter WU GANG photo
Xinhua News Agency photo, Xi ‘an, September 16, 2021 (National Games) (7) Rugby Sevens-Men’s Group Match: Shaanxi Team Wins Shanxi Team On September 16, Shanxi team player Du Baoshen (second from left) broke through with the ball. On the same day, in the Group C competition of men’s rugby sevens in the 14th National Games held in Xi ‘an, Shaanxi defeated Shanxi 40-0. Xinhua News Agency reporter WU GANG photo
Xinhua News Agency photo, Xi ‘an, September 16, 2021 (National Games) (8) Rugby Sevens-Men’s Group Match: Shaanxi Team Wins Shanxi Team On September 16, Shaanxi team player Guo Jie (bottom) fought for it. On the same day, in the Group C competition of men’s rugby sevens in the 14th National Games held in Xi ‘an, Shaanxi defeated Shanxi 40-0. Xinhua News Agency reporter WU GANG photo
Xinhua News Agency photo, Xi ‘an, September 16, 2021 (National Games) (9) Rugby Sevens-Men’s Group Match: Shaanxi Team Wins Shanxi Team On September 16, Shaanxi team player Lu Hao (bottom left) and Shanxi team player Du Baoshen both fell in the scramble. On the same day, in the Group C competition of men’s rugby sevens in the 14th National Games held in Xi ‘an, Shaanxi defeated Shanxi 40-0. Xinhua News Agency reporter WU GANG photo
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Beijing men’s football team won the silver medal in the whole game, creating the team’s best result in 10 years.

Beijing team players took a group photo after the game. Beijing News reporter Wang Fei photo
The Beijing News (Reporter Liu Chen) The rugby sevens competition of the National Games ended today. The Beijing men’s team lost to Shandong 7-26 in the final and won the silver medal, which was the best result of the National Games.
The Beijing Men’s Rugby Team was established in early 2011, and won the bronze medal in Liaoning National Games in 2013. After a lapse of eight years, the Beijing team won the final stage seat with the fifth place in the qualifying round, and defeated the traditional strong teams such as Tianjin and Jiangsu in Xi ‘an, reaching the final of the National Games for the first time.
Players from both sides are in the game. Beijing News reporter Wang Fei photo
In the face of the powerful Shandong team, the Beijing team took the lead in touchdown by Huang Aoqi and led 7-0 through additional shots. However, the opponent then completed four touchdowns, including three additional shots, and the Beijing team failed to find the opportunity to chase points.
Head coach Wang Zhongyi said after the game that the Shandong men’s team is the strongest in China, and the Beijing team showed the spirit of daring to fight and fight. However, due to the rainy day, it made some mistakes and eventually lost to its opponents. Huang Aoqi, the only one who scored for the Beijing team, also bluntly regretted after the game.
Wang Zhongyi revealed that the whole team didn’t think about reaching the finals before and after the game. However, in the process of preparing for the war, the Beijing team went to Xi ‘an with a better appearance through personnel and state adjustment. It won three group matches and narrowly beat the host country 14-12 in the semi-final, achieving the best result in the 10 years since the team was established. Wang Chongyi believes that every game is a tough battle, and all the players put it together. Wang Chongyi introduced that this is the last National Games of four dad players in the team, and naturally he very much hopes to win the gold medal.
The Beijing team dared to fight and fight in the competition. Beijing News reporter Wang Fei photo
Wang Zhongyi himself has been one of the team members since the team was established, and now he has a new identity. With the team going through 10 years of ups and downs and tasting the final of the National Games, he admitted that he was still a little excited to finally wait until this moment. "We should regroup, rearrange the layout, sum up the good aspects and make good plans for the next National Games." Wang Zhongyu said.
Beijing News reporter Liu Chen editor Xiao Wanli
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