Which good design won a million gold medals? The 7th China Design Intelligence Award was announced in Zhejiang.

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  On the evening of March 12th, the 7th China Design Intelligence Award (DIA) awarding ceremony was held in Shaoxing Ke Qiao International Convention and Exhibition Center. Many representatives from global high-end manufacturing, high-tech companies, well-known design companies and internationally renowned universities witnessed the birth of the Double Million Gold Award.

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  Twenty-nine works competing for the highest prize and bonus were announced at the award ceremony, including two gold awards, eight silver awards, ten bronze awards, two star awards and seven innovative design awards.

  What works stand out? Come and have a look!

  Gold medal-

  Portable intelligent photovoltaic cleaning robot

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  Submitted by: Suzhou Yibote Intelligent Technology Co., Ltd.

  Nationality: China.

  Description: Wing Bot pioneered the concept of "photovoltaic intelligent cleaning robot" and proposed and designed a "crawling" moving suction cup to solve the cleaning problem of photovoltaic array. The vacuum adsorption photovoltaic cleaning equipment effectively changed the shortcomings of traditional cleaning equipment, such as heavy, difficult to carry, inconvenient to deploy and short battery life. This work breaks the traditional concept and redefines the portable photovoltaic cleaning robot. The robot is small, light, waterless, intelligent and environmentally friendly, which makes it possible for photovoltaic cleaning robots to truly enter thousands of households.

  Pangu drug molecular large model intelligently accelerates drug research and development

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  Submitted by: Huawei Technologies Co., Ltd.

  Nationality: China.

  Description: Pangu drug molecular model is a platform to assist researchers to accelerate drug research and development through AI technology. Drug research and development relies on cloud computing power and AI model, and the whole process is visible and perceptible; Multi-dimensional visual design improves the readability of complex medical data: computer simulation technology and molecular dynamics principle are used to minimize the knowledge and skills requirements of scientific researchers; Through the intelligent recommendation of medical knowledge map and the design of path record, scientific research and exploration are more efficient, and the path record of scientific research and exploration is preserved and traceable visually.

  Silver Award-

  Bunraku Puppet Robot BR-02 

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  Submitted by: Osaka University of Arts

  Nationality: Japan

  Description: Bunraku Puppet Robot BR-02 is a robot with new structure, such as skeletal expansion and contraction, which is specially designed for emotional and bio-like movements that traditional mechanical humanoid robots do not have. These achievements can improve the communication and affinity between human and robot, and create the best symbiotic relationship between human and robot.

  Bubbl

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  Submitted by: Bubbl

  Nationality: UK

  Description: Bubbl subverts the British retail and town center management departments through new content distribution and community participation tools. Although their software adds complex functions to the application, it is separated from the application and easy to plug and play. This means that immersive content can be triggered by location, turning any application into a new channel. 

  Darwin Bucky

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  Submitted by: andblack design studio

  Nationality: India

  Description: Darwin Bucky is a multi-functional prefabricated parametric building "exoskeleton", which has a modular light independent (or cluster) structure that is easy to insert, challenging the inherent fixity of traditional buildings; The impact on the site is minimal at any location; Can be assembled or disassembled in a few days; And can be stored/transported in containers. 

  Hiphi Z

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  Submitted by: Chinese Express

  Nationality: China.

  Description: HiPhi Z, as one of the double flagships of Gaohe brand, locates the high-end luxury electric vehicle market. Gaohe HiPhi Z focuses on the demand of high-end new energy market, deeply analyzes the pursuit of high-end customers for personal design taste and future fashion, fully practices the concept of "scene definition design", and the industry’s first star ring light curtain ISD system pushes the intelligent interaction of lighting to a new height, providing users with a unique futuristic experience in today’s highly homogeneous products.

  rapid rescue

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  Submitted by: UNION CORPORATION JAPAN

  Nationality: Japan

  Description: rapid rescue is a simple and beautiful stretcher that can be stored on the wall. It is designed to be placed in a public place where people gather without feeling uncomfortable, so that it can make a quick response in an emergency.

  Spaceplus Infusion Pump System

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  Submitted by: KOOP INDUSTRIAL DESIGN

  Nationality: Germany

  Description: B.Braun Space Plus system is designed for intensive care unit (ICU), including two types of pumps: Perfusor?, Infusomat? and a docking station.

  JD.COM zhi Zao yun Xin pin hatch platform

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  Submitted by: JD.COM Science and Technology Information Technology Co., Ltd.

  Nationality: China.

  Description: JD.COM Zhizaoyun New Product Incubation Platform provides market trend insight, product design, intelligent payment measurement and other services to help manufacturing enterprises greatly improve the success rate of new product listing, realize the seamless connection of brand marketing operations and achieve effective commercialization.

  Iflytek intelligent hearing AIDS

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  Submitted by: Iflytek Co., Ltd.

  Nationality: China.

  Description: This is a digital channel hearing aid based on headphones, which achieves 90% of the functions of ten thousand yuan hearing aid at 10% price. Patients don’t need to go to the hospital again. Through the mobile APP and simple interactive operation, they can self-help fitting at home.

  Bronze award-

  Coffee Kreis

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  Submitted by: Coffee Kreis

  Nationality: USA

  Description: Kreis cup is a sustainable, reusable and biodegradable coffee cup made of recycled coffee grounds. Reduce millions of tons of coffee grounds thrown into landfills every year by providing disposable plastic/paper cup substitutes. 

  PAPER RAZOR

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  Submitted by: Kai Corporation.

  Nationality: Japan

  Description: PAPER RAZOR is a razor designed with paper handle and metal head to reduce the use of plastic. This razor is packed in a flat package and can be used after assembly. It is only 3 mm thick and weighs only 4 grams.

  S plan Model S

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  Submitter: Beijing Mitao Zhilian Technology Co., Ltd.

  Nationality: China.

  Description: The S-plan strength trainer is a body and health management device based on electronic counterweight, which can accomplish the training goal more safely and effectively.

  U4 electric bicycle

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  Submitted by: Hongji Two-wheel Intelligent Transportation Co., Ltd.

  Nationality: China.

  Description: U4 is a minimalist and versatile electric bicycle, which provides users with cost-effective products by highly integrating and innovating the appearance and function of the whole vehicle.

  Fast folding bed

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  Submitted by: Zhejiang Taipusen Industrial Group Co., Ltd.

  Nationality: China.

  Description: The fast folding bed is a laborious product to solve the common use fee of lunch break bed through the structure of fast folding and opening. It adopts the linked fast folding mechanism, which can be easily opened and folded in only 2 seconds.

  Lantingxu

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  Submitted by: Zhejiang Chahui Home Furnishing Co., Ltd.

  Nationality: China.

  Description: Lanting continues to combine culture, art and technology to realize industrial production, change the high-end tea table to use precious wood, and realize green and sustainable development of cultural creativity.

  Lijiang panoramic sightseeing train

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  Submitted by: CRRC Zhuzhou Electric Locomotive Co., Ltd.

  Nationality: China.

  Description: Lijiang Tourist Tram is the world’s first panoramic mountain tourist train tailored for Lijiang by Zhuji Company.

  Bound M5 EV

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  Submitted by: Huawei Terminal Services Co., Ltd.

  Nationality: China.

  Description: Wujie M5 EV is a medium-sized intelligent pure electric SUV which adopts intelligent interactive technology and combines user operation with vehicle technology to solve users’ smart travel and life.

  a head

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  Submitted by: Dongfang Zhigan (Zhejiang) Technology Co., Ltd.

  Nationality: China.

  Description: "Plant" the next tree, and turn the ordinary plastic greenhouse into a smart greenhouse with perception.

  Mobile housekeeping digital country care edition

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  Submitted by: China Mobile (Hangzhou) Information Technology Co., Ltd.

  Nationality: China.

  Description: This work is an aging security product system for the rural elderly, adhering to the "sincere" design concept, that is, the product quality is clumsy and the design is honest.

  The Star of Tomorrow Award-

  Project Moab

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  Submitted by: Fresh Consulting

  Nationality: USA

  Description: Moab project is a hardware suite, which aims to make users feel the powerful function of machine teaching by bringing tangible artificial intelligence experience to their desks.

  low carbon campus

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  Submitted by: China Academy of Fine Arts

  Nationality: China.

  Description: The low-carbon campus is driven by behavior design, which combines data with scene wisdom to create a low-carbon new economy through artistic production and promote low-carbon to become a new social trend.

  Design cutting-edge award-

  Gravel – a football shoe from Ghana

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  Submitted by: FH Joanneum

  Nationality: Austria

  Description: Gravel is a kind of football shoes, specially designed for the harsh conditions of Ghana football field. This football shoe consists of a hemp upper and a replaceable rubber outsole. Its innovative shoelace system skillfully connects the replaceable rubber outsole with the hemp fabric upper.

  Design of automatic disinfection handle for public transport facilities

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  Submitted by: Anhui University of Engineering

  Nationality: China.

  Description: The automatic disinfection handrail of public transport facilities is a product that automatically disinfects the handle through infrared induction and solves the disinfection problem of public transport design.

  Halcón- composite joint extreme sports protective gear

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  Submitted by: Department of Industrial Product Design, Shih Chien University

  Nationality: China.

  Description: Halcón is a new type of protective gear specially designed for young skateboarders, aiming at solving the problems of stuffy wearing, limited flexibility and unsightly appearance of traditional protective gear.

  Sustainable flood control and water purification sandbag

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  Submitted by: Guangdong University of Technology

  Nationality: China.

  Description: Sustainable water purification and sand prevention can transform polluted flood into clean and hygienic drinking water resources through water purification devices.

  Rhaetus- three-wheeled folding cargo carrier

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  Submitted by: Shih Chien University

  Nationality: China.

  Description: Rhaetus is a new type of electric folding cargo bike, which can transform the car body into a light vehicle and increase the mobility and usability of the vehicle.

  Twelve minutes

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  Submitted by: School of Innovative Design, China Academy of Fine Arts.

  Nationality: China.

  Description: This work takes "the average time for people to use plastic bags is 12 minutes" as the starting point, focusing on the environmental problems caused by human misuse of plastic bags. 

  Carbon Trading Experience Platform Zoo Station-CoZoo

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  Submitted by: Central Academy of Fine Arts

  Nationality: China.

  Description: COZoo creates "peak carbon dioxide emissions, carbon neutral" products through artistic empowerment and carbon trading experience, and improves the ecological environment and global warming through the zoo.

Science fiction collection "Promised Land": Creating the Future with Imagination

  Jules verne once said: "What one person can imagine, another person can turn it into reality." Submarine, helicopter, spaceship, artificial intelligence, genetic technology and other important inventions and innovations are inextricably linked with science fiction works, which wrote the bishop for this sentence. Thus this famous saying has become the most classic description of the connection between science fiction and the real world.

  What can the current science fiction bring to the great changes in science and technology? How can technology lead human society to the future? Promised Land answers these questions.

  Recently, Ji Shaoting, the founder of the Future Affairs Administration, Jiang Bo, a science fiction writer, Zhang Jiaxing, the technical director of artificial intelligence of Ant Financial, and An Ye, the cultural editor of Zhanlu, came to Shanghai, bringing a collection of hard science fiction novels jointly contributed by seven cutting-edge writers who were shortlisted for the nebula award, Hugo award and other outstanding awards — — Promised land.

  Promised Land originated from the workshop plan of the Future Affairs Bureau. As a company focusing on science fiction culture, it has signed more than 100 domestic and foreign authors and created more than 800 novels. Since its birth in 1818, science fiction has been accompanied by the rapid development of science and technology in a country and an era. Excellent science fiction should be based on the thinking brought about by scientific and technological changes. The Bureau of Future Affairs hopes to attract more sci-fi writers to pay attention to the current changes in China. Ant Financial, as an important technology company in China, is a very good observation object. Therefore, the Bureau of Future Affairs invited more than a dozen science fiction writers and engineers of Ant Financial Artificial Intelligence Project to exchange ideas. Because of this opportunity, science fiction writers at home and abroad have the opportunity to get in touch with the technology being developed by Ant Financial. On the basis of knowing the technical mechanism, the authors have created independent stories.

  Science fiction writers use imagination to edit the future, and engineers are creating the future. Ji Shaoting said: "What changes can science fiction writers in China bring to the scientific research strength in China and the great technological changes that are taking place in China? This book is a start. I hope that it will still be considered by many readers after ten, twenty and fifty years, and will be verified or overthrown by the emergence of new technologies. "

  The story of "changing face"

  Jiang Bo contributed a story about "changing face" in The Promised Land. When financial criminals can use the technical loopholes of face recognition to hide the sky, personal privacy begins to be threatened by technology. Jiang Bo has been thinking about face recognition for the first time in the workshop. What kind of social problems will arise after the face brushing technology enters life? For example, is it feasible to change the facial features by light to make the machine misjudge? Coincidentally, soon after the story was written, I saw a news report about using faces to identify crimes. He believes: "If science fiction writers can run ahead of science and technology to predict something, it is a very meaningful thing for science fiction writers, and FACE/OFF partially achieved this."

  Regarding whether the "black technology" described in the book will really happen in real life, Zhang Jiaxing explained in time: "This method is actually using an algorithm to cheat the algorithm. For example, it looks like a cat and adds something to the algorithm. The naked eye recognizes that the cat is still a cat, but it has become a dog in the eyes of the machine. The plot of this novel twists and turns, and the description of technology is also very imaginative. However, the face recognition technology in reality is not as simple as that written in the novel. The technical model itself is highly confidential. Companies will set up security prevention and control algorithms for it, and will also identify people in all directions through comprehensive means such as infrared and laser. "

  "Enami made a deduction that is very close to the future in this novel. The best part is that this deduction was really realized later. In fact, whether it is cited or overturned, this is a good thing. I think this is the greatest value of this workshop — — Think and deduce the reality. " Ji Shaoting added.

  Not predicting the future, but giving imagination.

  Many people say that The Wandering Earth started the first year of science fiction in China, and the upgrading of technology made people truly realize the speed of scientific and technological development. Whether technology pursues imagination or imagination pursues technology has become a common problem for science fiction writers and technicians.

  Jiang Bo believes that technology and imagination are integrated. Just as there are myths in primitive society, science fiction was born on the soil of technology. Imagination is a part of human nature and shapes human world outlook. Technology and imagination are a unity, and they promote each other and evolve together. When discussing technology, we can’t define it by pure guilt or innocence. More often, we still keep technology neutral. Whether the future is a land of hope or death, the key is to control technology within a reasonable range and serve mankind.

  In Ji Shaoting’s eyes, science fiction is literature to watch the future. It is difficult to bear the function of predicting the future, but it can give countless imaginations. Whether these imaginations are good or bad, they simply depict the possibility of the future in everyone’s eyes. In the past 200 years, there will always be a few things in science fiction, such as humans setting foot on the moon, launching satellites, inventing tablet computers, and widely using big data. As Liu Cixin asked: "If the future is a high-speed car, and artificial intelligence technology is its throttle, then what technology can become the brake of this car?"

  Perhaps for science fiction, the real value lies in asking questions rather than answering them, because there will always be new technologies to subvert or answer them, so you don’t have to answer them, just think. It is precisely because of this kind of thinking that some bad futures have not appeared, which is also the significance of science fiction.

  The door of science fiction will not be closed.

  "You are walking on the plain, and suddenly you meet a wall. This wall is infinitely high up, infinitely deep down, infinitely far to the left and infinitely far to the right. What is this wall?"

  "death."

  With "Three-body" winning Hugo Award, sci-fi works have entered people’s field of vision widely. The double outbreak of The Wandering Earth’s word-of-mouth and box office has immersed creators and audiences in the wave of sci-fi. Recently, the controversy over "Shanghai Fortress" has made everyone start to wonder whether China’s sci-fi movies will end at the beginning.

  China science fiction is still in its infancy, and the emergence and development of anything is not smooth sailing. Ji Shaoting said: "It can be said that The Wandering Earth started, but it doesn’t mean that all the works will get better and better in the future. After that, we will see all kinds of works writing different sci-fi futures, sorting out experiences in success, and bringing inspiration and value in failure. There is an excellent domestic sci-fi movie that people often ignore, Crazy Alien, which is inspired by Liu Cixin’s Country Teacher. There are few excellent domestic comedy sci-fi movies, and people tend to pay more attention to those works with big splash. The problem now is that we have too few science fiction works, and we can’t define China science fiction just by a few works. "

  Domestic science fiction has attracted enough attention, and the potential audience is so huge that it has become history for Chinese people not to watch science fiction and care about the future. The popularity of Three-body in Japan also shows that China’s science fiction works have attracted the attention of international audiences. When more creators and supporters join the industry and have confidence in the sci-fi market in China, everyone is thinking about their relationship with science and technology, which is the essence of sci-fi works. (The Paper reporter Xu Minghui intern Xu Zifan)

Today’s Lantern Festival wishes you: the Lantern Festival is happy, the moon and the man are round, and you are lucky and symbiotic!

Today is the fifteenth day of the first month of Renyin Year, Lantern Festival. Because the first month is the first month of the lunar calendar, the ancients called "night" "night", and today is also the first full moon night of the year, hence the name Lantern Festival. Lantern Festival, also known as Shangyuan Festival, Yuanxi Festival or Lantern Festival, is the last important festival in China Spring Festival. Lantern Festival, from ancient times to the present, is embodied in the word "noisy". Ancient emperors’ Lantern Festival of "having fun with the people" has gone from 10,000 lanterns, burning lamps and setting off flames, enjoying solve riddles on the lanterns, having Lantern Festival together, family reunion and celebrating the festival together. As the old saying goes, after the Lantern Festival, the year is over. The Lantern Festival is certainly lively, and peace and health are the greatest happiness. It is even more special and unforgettable when the Beijing Winter Olympics is still in full swing and the epidemic situation is accurately prevented and controlled. Yesterday’s Shencheng coincided with the arrival of Chun Xue. It was covered with snow and white, adding a strong color to the scenery of the northland in early spring. There are still three days, and the rainy solar term will be ushered in. The east wind thaws, and the snow melts into rain. Spring rain moistens everything. It is about to present a scene of "the rain in the sky is as crisp as crisp, and the grass color is near but not", which also contains people’s expectations for a better life. The lights are shining, and the reunion is at this time. In fact, no matter the ends of the earth, it is still close at hand. As long as we have each other in our hearts, a simple holiday greeting will give us a sense of ritual. "A song is like the sea in spring, and a thousand lights are like the night." At this moment when the bright moon is in the sky and the full moon is full, I wish you: Happy Lantern Festival, full moon and auspicious symbiosis! (Chang Yongfu)

Source: shenyang evening news.

The latest voice of the central bank! It is related to real estate, rectification of platform enterprises, RMB exchange rate …

  BEIJING, Jan. 13 (Zhongxin Finance Shao Wanyun) On the 13th, the State Council Office held a press conference on financial statistics in 2022, and the relevant person in charge of the central bank responded to issues such as real estate, rectification of platform enterprises, RMB exchange rate, inflation and digital RMB.

  Introduce structural tools to focus on supporting the smooth operation of the real estate market.

  Zou Lan, director of the Monetary Policy Department of the People’s Bank of China, said at the meeting that we are studying and launching several other structural tools recently, which mainly focus on supporting the smooth operation of the real estate market, including the Baojiaolou loan support plan, the housing lease loan support plan and the private enterprise bond financing support tool, etc., and we will make some detailed disclosure and release after the introduction.

  In addition, at the end of September last year, the People’s Bank of China and China Banking and Insurance Regulatory Commission issued a notice, clarifying that eligible city governments can decide to relax the lower limit of the interest rate of the newly issued first home loan in stages in the fourth quarter. Zou Lan introduced that the interest rate of new personal housing loans in December was 4.26% nationwide, which was the lowest level in history since statistics were available in 2008.

  Zou Lan also said that in view of some adjustments in the real estate market, the People’s Bank of China, together with relevant departments, made efforts from both supply and demand in accordance with the deployment of the CPC Central Committee and the State Council to promote the smooth operation of the real estate market. With the effects of relevant policies gradually emerging, the financing environment of the real estate industry, especially high-quality housing enterprises, has improved significantly in recent days. From the data, from September to November last year, real estate development loans increased by more than 170 billion yuan, an increase of more than 200 billion yuan year-on-year. In the fourth quarter of last year, domestic real estate corporate bonds issued more than 120 billion yuan, a year-on-year increase of 22%.

  In terms of risk prevention, the relevant departments drafted the Action Plan for Improving the Balance Sheet Plan of Quality Housing Enterprises. The action plan focuses on high-quality real estate enterprises that focus on their main business, operate in compliance, have good qualifications and have certain systemic importance, and focuses on promoting 21 tasks in four aspects: "asset activation", "debt continuation", "equity supplement" and "expected promotion", comprehensively implementing policies to improve the cash flow of high-quality real estate enterprises and guide the balance sheets of high-quality real estate enterprises to return to a safe range. The plan sets the conditions for high-quality housing enterprises, and there is no specific list, which is independently grasped by financial institutions.

  The rectification of 14 large-scale platform enterprises such as Ant Group has been basically completed.

  Ma Jianyang, head of the Financial Markets Department of the People’s Bank of China, said that since November 2020, the financial management department has guided and urged 14 large-scale platform enterprises such as Ant Group to carry out solid rectification in view of the outstanding problems in the past financial business, such as unlicensed operation, regulatory arbitrage, disorderly expansion and infringement on consumers’ rights and interests. At present, most problems have been basically rectified, large-scale platform enterprises operate in compliance and compete fairly, consumer protection awareness has been significantly enhanced, and financial business has been continuously standardized.

  At the same time, the financial management department has issued a series of targeted institutional documents in the fields of third-party payment, personal credit investigation, Internet deposit, insurance, securities, funds, etc., and the regulatory framework for the normalization of financial business of platform enterprises has been initially formed, laying a good institutional foundation for the subsequent normalization supervision.

  Ma Yuyang said that in the next step, the financial management department will conscientiously implement the spirit of the 20th National Congress of the Communist Party of China and the Central Economic Work Conference, adhere to the "two unwavering", pay equal attention to development and standardization, and support the healthy development of the platform economy.

  First, continue to push relevant platform enterprises to speed up the rectification of the remaining few problems, and complete the rectification work from the beginning to the end. The second is to improve the level of normalized supervision, further improve the regulatory system and mechanism, strengthen the construction of regulatory scientific and technological strength, support platform enterprises to operate in compliance, develop financial business prudently, and have zero tolerance for illegal financial activities. The third is to study and formulate financial support measures to promote the healthy development of platform economy, support platform enterprises to improve their scientific and technological innovation ability and service quality and efficiency, consolidate and enhance their international competitiveness, and show their talents in leading development, creating jobs and international competition.

  It is predicted that China’s inflation level will remain moderate in 2023.

  Zou Lan said that from a global perspective, last year experienced a wave of high inflation that had never happened in decades. In sharp contrast, China maintained the basic stability of the price level, which was not easy. In the past five years and ten years, the average annual increase of consumer prices in China has remained at around 2%. This fully proves the superiority of China’s socialist system and the effectiveness of macro-control.

  Zou Lan mentioned that in 2023, China’s inflation level is expected to remain moderate overall, but we should also pay attention to the potential possibility of inflation rebound.

  On the one hand, China’s overall supply is abundant, demand is still recovering, and there was no excess currency in the past, so inflation is expected to remain stable. At present, China’s economy is still in the process of recovery and development, the industrial chain and supply chain are running smoothly, the lack of effective demand is still the main contradiction, and the output gap is still negative. In the short term, inflationary pressure is generally controllable. In the medium and long term, China is one of the major producers in the world, with a generally balanced economic supply and demand, stable monetary policy and stable inflation expectations of residents, which has favorable conditions for maintaining a basically stable price level.

  On the other hand, the uncertainty of price trend still exists, so we should not take the inflation situation lightly, and pay close attention to the potential of its future warming. Domestically, China’s M2 growth rate has been in a relatively high position for some time, which does not rule out that the impact on prices is lagging behind. With the optimization of epidemic prevention and control measures, residents’ consumption kinetic energy will be gradually released, and the total demand tends to heat up, which may also be accompanied by some upward pressure of inflation. From an international perspective, geopolitical conflicts still disturb the global energy supply, and inflation in developed economies is still at a high level, so imported pressures also need to be vigilant.

  In the next stage, the People’s Bank of China will adhere to the general tone of striving for progress while maintaining stability, organically combine the implementation of the strategy of expanding domestic demand with the deepening of structural reform on the supply side, give prominence to the work of stabilizing growth, employment and prices, maintain a prudent monetary policy that is precise and powerful, give consideration to short-term and long-term economic growth and price stability, internal balance and external balance, strengthen coordination and cooperation among policies, and promote the effective improvement of quality and reasonable growth of the economy.

  Increase credit support for private small and micro enterprises

  Ma Jianyang mentioned that in recent years, due to the repeated impact of the epidemic and the unstable international situation, China’s economy is facing greater downward pressure, making it more difficult for private enterprises to operate. The People’s Bank of China has continuously improved the financing environment of private small and micro enterprises by innovating structural monetary policy tools, improving credit support policies and broadening diversified financing channels.

  In the next step, the People’s Bank of China will adhere to the problem orientation, focus on social concerns, guide financial institutions to treat all types of ownership enterprises equally, and create a better financial environment for the development and growth of private economy and private enterprises.

  First, further increase credit support for private small and micro enterprises, continue to make good use of structural tools and increase efforts. The second is to further expand the scale of private enterprise bond financing. The third is to further improve the financial service level of private small and micro enterprises. The fourth is to further promote the standardized and healthy development of platform enterprises.

  Keep the RMB exchange rate basically stable at a reasonable and balanced level.

  Since 2022, major developed economies such as the United States, the euro zone and the United Kingdom have substantially tightened monetary policy and raised interest rates, which has had a tightening effect on the global financial system, and cross-border funds in emerging market economies are facing outflow pressure.

  Xuan Changneng, deputy governor of the People’s Bank of China, said that the market has certain expectations for the Fed to raise interest rates in 2023. The autonomy and stability of China’s financial system are enhanced, and the expected stability of RMB exchange rate is helpful to buffer and cope with external risks, especially the spillover effect brought by interest rate hikes in developed economies. Generally speaking, the adjustment of monetary policy in developed economies has limited impact on China, and may have greater impact on other smaller emerging market economies.

  With regard to the RMB exchange rate situation, since mid-November, 2022, with the effectiveness of domestic policies and measures to stabilize the economy, measures to optimize epidemic prevention and control and financial support for real estate policies have been introduced one after another, and the market expects that the Federal Reserve will slow down the pace of raising interest rates, the US dollar index has dropped to a high level, and the RMB exchange rate against the US dollar has gradually turned to an appreciation trend. On December 5, the spot exchange rate rose back to within 7.0.

  Xuan Changneng said that the current and future trend of RMB exchange rate will be affected by multiple factors such as domestic and international economic and financial situation, balance of payments, market risk preference, etc., and short-term uncertainty is inevitable. Generally speaking, there is a solid foundation for maintaining basic stability.

  Recently, China’s economy has generally continued to recover, and the epidemic prevention and control has been dynamically optimized. In the context of high global inflation, we have maintained the basic stability of prices. Considering the decline in the economic prosperity index of major economies, the growth rate of China’s trade surplus may have slowed down. Under the comprehensive action of various forces, China’s RMB exchange rate will generally maintain a stable operation. After years of financial reform and opening up, the depth and breadth of China’s foreign exchange market have been greatly improved, the flexibility of RMB exchange rate has been enhanced, market expectations have been stable, cross-border capital flows have been orderly, and international payments have been independently balanced. The RMB exchange rate will continue to remain basically stable at a reasonable and balanced level.

  Digital RMB into M0

  From December, 2022, financial statistics will include digital RMB data in M0 (currency in circulation) statistics.

  In this regard, Xuan Changneng said that the digital RMB is the legal tender in digital form issued by the People’s Bank of China, and like the physical RMB, it is essentially a monetary component. From the point of view of statistics and management, it is necessary to make statistics, combined analysis and overall management of the two.

  Xuan Changneng further stated that in recent years, with the gradual deepening of the digital RMB pilot, the application scenarios of digital RMB have steadily expanded, the transaction amount and stock have also increased, and the relevant management and statistical systems have been continuously improved. Incorporating digital RMB into M0 statistics can more accurately reflect the overall size of currency in circulation. By the end of 2022, the stock of digital RMB in circulation was 13.61 billion yuan, and the year-on-year growth rate of M0 was 15.3% after it was included. (End)