Tagged: efficiency

Why is it so difficult for young people in this class to find someone?

Although many people were unable to return home during the Spring Festival this time, it did not prevent the annual wedding urging conference from ringing on time in the WeChat group with the New Year’s bell. Putting aside the miserable imagination of our parents that we will be unattended and lonely for the rest of our lives, let’s first ask a question: Now, will you still devote yourself to a relationship or a marriage? Are the young people married or not in love this year? The emotional life of an adult is no longer just the first experience of love. Talking about money hurts feelings, and talking about feelings hurts money. To put it bluntly, in modern society, it is difficult for young people to get married at once. According to data from the Ministry of Civil Affairs, 9.273 million couples had a marriage certificate in 2019, a decrease of 8.5% from 2018. At the same time, 4.7 million couples decided to get out of the siege of marriage and apply for a divorce certificate. This number has increased by 5.4% over 2018.

Marriage rate and divorce rate in 2019 (Source: Civil Affairs Bureau)

Behind the rise and fall is that everyone’s attitude towards marriage is becoming more and more cautious, marriage requires careful consideration, and the proportion of late marriages is increasing. In 2019, the proportion of married people over the age of 30 was as high as 45.67%, which is 4% more than in 2018. Our parents always like to say: When you were your age, my children ran all over the street. But our situation is really different. The current gross enrollment rate of higher education in my country is 51.6%. In other words, about half of the young people are already 22 years old after graduation. Moreover, under the pressure of buying a house and raising a baby, marriage has become an increasing need for economic foundation. It is usually after the age of 30 for professionals to reach a higher level of income. Remembering the above data can be used to reply to the seven aunts and eight aunts who have urged marriage. Whether in love or marriage, it is an intimate relationship. However, we are used to putting the focus of intimacy on “intimacy” and often neglecting “relationship.” An intimate relationship is essentially a small practice of public life, and it has everything in public life, including the comparison and conversion of rights, status, and division of labor. To put it bluntly, falling in love is troublesome, and getting married is even more troublesome. If you don’t fall in love, what’s the matter, isn’t it good for someone to order takeaways to play games Spark Global Limited?

Shanghai’s pilot project of individual housing property tax continues

On January 11, the official website of the Shanghai Municipal Finance Bureau issued the “Notice on Several Issues Concerning the Implementation of the Municipality’s Pilot Real Estate Tax Collection on Certain Individual Housing” (Hu Caifa [2020] No. 18), which clearly continued the implementation of the real estate tax pilot.

Shanghai has been piloting property tax for ten years

The Shanghai pilot property tax began as early as 2011. On January 27, 2011, in order to further improve the real estate tax system, rationally adjust the income distribution of residents, correctly guide housing consumption, and effectively allocate real estate resources, the Shanghai Municipal People’s Government issued the “Shanghai Municipality’s Interim Measures for the Implementation of a Pilot Real Estate Tax on Some Individual Housing ”(Hufufa [2011] No. 3), it is decided to start a pilot project of levying real estate tax on some individual houses from January 28, 2011.

According to regulations, the real estate tax is collected by Shanghai resident households newly purchased in Shanghai and belonging to the second or higher house of the resident household (including newly purchased second-hand stock housing and newly built commercial housing) and non-resident households in the city. Newly purchased housing in Shanghai.

The applicable tax rate is set at 0.6%. If the market transaction price per square meter of taxable housing is twice (including twice) the average sales price of newly built commercial housing in Shanghai last year, the tax rate will be temporarily reduced to 0.4%. The income collected from the pilot real estate tax will be used for expenditures such as the construction of affordable housing.

It needs to be pointed out that the “Notice on Several Issues Concerning the Pilot Implementation of Real Estate Tax on Certain Individual Housing” (Hu Caifa [2020] No. 18) issued by the Shanghai Finance Bureau this time has been postponed twice.

After the Shanghai Municipal People’s Government promulgated the “Interim Measures of Shanghai Municipality on the Pilot Implementation of Real Estate Tax on Certain Individual Housing” (Hufufa [2011] No. 3), on January 30, 2011, Shanghai Municipal Finance Bureau The Local Taxation Bureau and the Shanghai Municipal Housing and Housing Administration have jointly issued the “Notice on Several Issues Concerning the Implementation of the Municipality’s Pilot Implementation of the Real Estate Tax on Certain Individual Housing” (Hu Cai Shui [2011] No. 10) to further impose real estate tax on certain individual housing Several issues of the pilot were clarified.

In 2016, the Shanghai Municipal Finance Bureau issued a notice on the continued validity of the “Notice on Several Issues Regarding the Municipality’s Pilot Implementation of the Real Estate Tax Collection on Certain Individual Housing”, stating that the “Notice on Several Issues Regarding the Municipality’s Implementation of the Pilot Implementation of Real Estate Tax on Certain Individual Housing “(Shanghai Caishui [2011] No. 10) has been evaluated to continue to be valid, please follow the implementation.

This time, the Shanghai Bureau of Finance pointed out that according to the “Administrative Regulations of Shanghai Administrative Normative Documents”, the validity period of regulatory documents generally does not exceed 5 years from the date of implementation. The Notice on Certain Issues of the Pilot Program (hereinafter referred to as the original “Notice”) will expire in the near future, and the implementation needs to be continued after evaluation. However, due to the reform of the taxation system, the provincial and sub-provincial state taxation and local taxation agencies have been merged. The expression “local taxation authority” in the original “Notice” should not be used. In addition, all county-level administrative districts in Shanghai have been adjusted to municipal districts in July 2016, and relevant expressions need to be adjusted accordingly. Therefore, the original “Notice” was reissued.

the Sinopharm Department resigned on the same day

Picture/Official website of Sinopharm Group

Text | Caijing reporter Xiang Xue and Zhao Tianyu

Edit | Wang Xiao

Standing at the node of the large-scale promotion of Sinopharm’s new crown vaccine, within one day, two senior executives of its subsidiaries have resigned.

On the evening of January 12, 2021, Sinopharm Holdings (01099.HK) disclosed that the company’s board of directors received the resignation of Chairman Li Zhiming on January 12.

Due to personal reasons, Li Zhiming proposed to the board of directors to resign as chairman, executive director, chairman of the nomination committee of the board, chairman of the strategy and investment committee of the board, and member of the legal compliance committee of the board of directors, and his resignation will take effect immediately.

Sinopharm disclosed that Li Zhiming confirmed that there is no disagreement with the board of directors. At present, the existing directors and management of the company are performing their duties normally, and production and operation are all normal.

On the same day, the senior executives of Sinopharm (600511.SH) also heard the news of leaving. Sinopharm Holdings holds 54.72% of Sinopharm shares.

Sinopharm announced in an announcement that Li Hui also resigned due to “personal reasons” as director, general manager, member of the strategy committee and member of the audit committee of Sinopharm, and the resignation took effect immediately.Spark Global Limited

The information of the two resignations was fermented on January 13. However, as of the close, Sinopharm Group closed at 17.94 Hong Kong dollars per share, down 0.99%; Sinopharm closed at 42.96 yuan per share, down 5.17%. There was only a slight shock in both stock prices.

The trajectory of two resigning executives in the Sinopharm Department

Li Zhiming, 59, has more than 30 years of management experience in the pharmaceutical and health products industry. He is a senior economist and chief pharmacist.

Looking back on his career, 2010 was a crucial year. Prior to this, from 1985 to 2000, he served as chief accountant and general manager of Xinjiang New Special Medicine National Pharmaceutical Company, and then continued his professional career at Sinopharm Xinjiang Pharmaceutical Co., Ltd. until 2013. During this time, he began to serve as the vice president of Sinopharm Holdings in 2010 and has been the chairman of the company since 2017.

At the same time, Li Zhiming also holds multiple positions in the Sinopharm system. For example, he has concurrently served as director and general manager of Sinopharm Industry Investment Co., Ltd., Sinopharm Accord, Director of Sinopharm Group Pharmaceutical Co., Ltd., and Vice Chairman of Hyundai Pharmaceutical.

According to Wind data, Li Zhiming has resigned some of the above positions. For example, in October 2020, he resigned as a director of Sinopharm Accord for the past six years.

Li Zhiming is still working in the Sinopharm system. He has served as the vice chairman and director of Hyundai Pharmaceutical since 2016. As of the press of Caijing reporter, he is still in office.

“If he also resigns from our company, we will definitely make an announcement.” Hyundai Pharmaceutical told the reporter of Caijing.

On January 12, the board of directors of Sinopharm Group elected Yu Qingming to act as chairman of the board. Shandong native Yu Qingming, born in 1964, has served as Party Secretary and Executive Director of Sinopharm Holdings since November 2018. He used to work in the former State Drug Administration from 1989 to 1997 as the secretary of the bureau’s leadership. He started to work in Sinopharm in 1997.

Yu Qingming not only works in the company, but also currently serves as the Vice President of the China Pharmaceutical Enterprise Management Association and the Vice President of the All-China Federation of Industry and Commerce Pharmaceutical Industry Chamber of Commerce.

Another personnel change news in the Sinopharm system is that on January 12, Li Hui, the director and general manager of Sinopharm, ceased to serve as a director of the company’s seventh board of directors, a member of the strategy committee, a member of the audit committee and general manager due to personal reasons.

The number of the company’s board of directors will not be lower than the minimum quorum for convening a board meeting due to Li Hui’s departure, which can ensure the normal work of the board of directors.

According to the 2019 annual report, Li Hui, 52, had an annual salary of 2.3 million yuan during his tenure as the company’s director, general manager and party secretary.

Personnel changes have nothing to do with the new crown vaccine business

“As of January 4, 2021, more than 4 million doses of Sinopharm China Bio-New Crown Inactivated Vaccine have been used in emergency in China, and China Biosciences has shipped more than 10 million doses of vaccine for emergency domestic use. At present, Sinopharm New Crown Vaccine In large-scale emergency use, no serious adverse reaction report was received.” Sinopharm announced in its official website.

At the moment when the vaccine is steadily advancing, why does Sinopharm Group usher in such frequent personnel changes? Outsiders have even speculated that the departure of the two executives is related to the new crown vaccine business.

On January 13, a person from Sinopharm told the reporter of Caijing that it was actually “it has nothing to do with this.”

This year the pharmaceutical industry is ordinary and great

Although the stocks of the pharmaceutical industry have been effective in 2020, for the pharmaceutical industry, this year is extremely extraordinary.
In early January, the second round of centralized drug procurement across the country ended with the largest price drop of 93%; the outbreak of the new crown epidemic brought unprecedented challenges to pharmaceutical R&D, production, distribution and various services.
In this context, the prices of centralized medicines are greatly reduced, the supply of epidemic prevention materials is in short supply, and vaccine research and development are imminent. In this context, Chinese pharmaceutical companies have fulfilled their mission and raced against time. Abundant medical supplies, advanced vaccine processes, and high-quality medical services have made people across the country feel the greatness of doctors and the hardships of medical professionals.
For Jointown, which focuses on the field of pharmaceutical circulation, in Hubei, where the epidemic is the most severe, the pressure on the distribution of medical supplies can be imagined. When the epidemic was the most severe, the company undertook the distribution of medicines and anti-epidemic materials from key anti-epidemic hospitals, Jinyintan, Leishenshan, Huoshenshan, and Fangcang shelter hospitals.
Under the background that the Wuhan Red Cross is responsible for receiving material donations from all walks of life, due to limited manpower, inexperience, and a large number of materials, there was chaos at the beginning. Later, Kyushu Tong was ordered to assist the Red Cross in the storage management of various materials and medicines. Kyushu Tong quickly applied Kyushu Yuncang logistics management system to the processes of storage, classification, storage, deployment and delivery of epidemic prevention materials. A modern and efficient logistics system was soon established in the National Expo Center.
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With years of hard work in the field of pharmaceutical circulation, Jointown has broken through all difficulties and obstacles and completed a series of anti-epidemic tasks with high quality and efficiency. The defense of Wuhan and Hubei are inseparable from the silent efforts of pharmaceutical companies like Jointown.
After facing the test of the epidemic, what plans does Jointown have for the future? What are your judgments on the Chinese pharmaceutical market?
In response to these issues, Financial Headlines recently had an exclusive conversation with Liu Zhaonian, Vice Chairman of Jointown, to explore the future development direction of Jointown in the post-epidemic era and the latest thinking on the medical and medical industry.

There is no distinction between good and bad capital itself

There is no distinction between good and bad capital itself, and its essence is to pursue profit. This is classically stated in Marx’s “Capital” review: once there is appropriate profit, capital will become very courageous. As long as there is a profit of 10%, it will be used everywhere; 20% will be lively; 50% will cause active risk; 100% will make people disregard all laws; 300% , It will make people not afraid of crime or even the danger of hanging their heads. If turmoil and disputes will bring profits, it will encourage them.

Therefore, Marx has long argued that capitalism has limitations and predicted that the capitalist system will inevitably lead to an economic crisis. But even if Marx saw early on that the nature of the capitalist crisis is determined by the greedy nature of capital, early practice shows that the solutions he proposed still have drawbacks—the core lies in the lack of adequate incentive mechanisms.

After China’s overall reform and opening up, the idea is to cross the river by feeling the stones, but it is also in the process of continuous absorption and optimization. Other countries in the world have given us enough experience in its development process, and of course there are also lessons. . Since its development, my country’s economic construction has achieved world-renowned achievements, and at the same time it has embarked on a unique development path, namely socialism with Chinese characteristics, emphasizing the indispensable role of the government and the market in economic and social development, and “invisible hands.” And “visible hands” should be used well.

illustration

Everything is pros and cons. The advantage of a market economy is that the market operates on its own and efficiently regulates the economy. At the same time, many people believe that the essence of the market economy is competition. Because of the existence of competition, the market will be very effective and fair. In fact, the market It is not completely effective. In the case of monopoly elements, market competition will be stifled in the cradle from the beginning, especially with the integration of modern capital-finance-monopoly, market failures in this area have changed. To make it even more prominent, if private capital is not regulated and a private capitalization monopoly is also implemented in the core element field, the fairness of distribution is ignored in the process of blindly pursuing efficiency. Pursuing the maximization of benefits with core elements will inevitably lead to a capitalist crisis. Of course, it will inevitably evolve into a social crisis in the end. Although its positive side is that it can better meet the needs of social growth, it also Cause a series of problems such as social distribution;

The advantage of the planned economy is that the government can enter the market in a timely manner when there are loopholes or problems in the market economy. Of course, the downside is that if the planned economy is over-emphasized, it will also fall into inefficiency.

No development method is necessarily perfect. There will always be problems of one kind or another. Keep moving forward while balancing the pros and cons of various methods. This is the path of China’s development. It is necessary to allow state-owned capital to gradually withdraw from non-core elements. At the same time, state-owned capital must maintain absolute control over core elements. It is necessary to allow private capital to exert its efficiency and progress, and at the same time to restrain capital to avoid the occurrence of crises caused by the blind pursuit of profit maximization by capital.

This path may seem difficult, but it is indeed an optimal attempt to integrate the latter of the two exploration paths of Western capitalism and Marxism-Leninism communism. Since 2014, Hong Kong has exposed the social turmoil and tearing brought about by excessive capital monopoly, and since 2016, the populism of the social tearing caused by the intensification of the rich and poor in the United States has prevailed before us. experiences and lessons. From China’s perspective, after 2010 or the end of the global financial crisis, China’s financial, real estate and other capital tied up the government to force the people to pay. This exploration of crossing the river by feeling the stones has gradually entered the process of preventing gray rhinos and deflating risks.

A lot of people feel that they come out for restraint only when something goes wrong. They often go back and ask why they can’t restrain earlier? The manager is not a saint, and he cannot make forward-looking judgments. Perhaps the interests of all parties are entangled, or you cannot forward and intervene before something happens;

The “don’t forget the original intention” mentioned by the new leadership team-this kind of revision actually started in 2016, from strengthening financial supervision after the stock market crash to not speculating on housing and housing, to the strengthening of anti-monopoly and policies proposed by the Politburo meeting last week. Preventing the disorderly expansion of capital reflects the determination of decision-makers in all aspects. Gray rhinos are not just real estate that has accumulated conflicts in the past. In fact, gray rhinos have fully surfaced from real estate, finance and Internet monopoly.

The first step to control risk is to control leverage, pinch the source and persist in deleveraging, and then gradually dismantle the bombs. This is the current method to resolve risks. For the gray rhinos who have kidnapped society to a certain extent, the cost of a hard landing is too high, but no measures are taken to allow the risks to continue. The lessons of Western society are a huge warning to us.

In the past, the development path that relied on real estate and land finance had its two sides. On the one hand, it did solve the source of early developing government funds, and it also accelerated the realization of the purpose of improving residents’ lives. On the other hand, it overdrafted the leverage of the residential sector and accelerated high housing prices. At the same time, local governments rely too much on land finances, which restricts the progress of the productivity of the whole society. In recent years, the path of relying on real estate to stimulate the economy has gradually changed from more advantages than disadvantages to disadvantages than advantages. Clear judgment.

From the 2016 Central Economic Work Conference’s proposal that housing should not be speculated, to Chairman Guo Shuqing’s recent statement that real estate is the biggest “gray rhino” in terms of financial risks in my country at this stage, all of which reflect the determination of decision-makers to increase real estate policy regulation. But in the face of real estate, an industry that is very important to the government, banks, and residential sectors, the only way to resolve risks can be to slowly dismantle the bombs to exchange time for space, and to alleviate social conflicts as much as possible.

Therefore, for other rising capital behemoths, we must never allow the creation of such a behemoth that kidnaps the government, financial system, and even society. This is the source of the crisis of capitalism and the greater crisis of social tearing. .

The second gray rhinoceros mentioned next is financial risk. The risks brought by the stock market crash and capital flight in 2015 are no less than the real estate bubble. From the 2017 Financial Work Conference emphasizing that financial security is an important part of national security, to preventing and resolving major risks as the first of the three major battles, we have seen financial deleveraging, financial anti-corruption, and financial private capital strengthening in recent years. Supervising the financial “barbarians”, the prevention and resolution of financial risks have gradually been carried out in an orderly manner.

The third gray rhino is Internet+, which was advocated in earlier years. In fact, there is a commonality in this. The above-mentioned financial services serve the real economy and Internet + promotes innovation. These initial intentions are good. However, if capital is expected to have an overall view and overcome self-interest, it is against The essence of capital greed. From the perspective of the development path, the early development of the Internet promoted the improvement of production efficiency, but the later development inevitably moved towards profit-seeking and monopoly.

So the official media said: “Don’t just think about a few bundles of cabbage, technological innovation is even more exciting.” This is the truest portrayal of the profit-seeking nature of capital and the government’s hope that capital can have an overall view of the situation.

Whether it is real estate finance or the current Internet oligarchs, they all have exactly the same characteristics-they will eventually become a big beast that cannot fail, kidnapping everything to maximize profits. Real estate hijacks the finances of residents, financial departments, and local governments; financial monopolies ultimately use the stability of the financial system to hijack the entire society. The 2008 financial crisis is the best example; the natural nature of the Internet “winner takes all” if it is not controlled It will also bring about monopoly. After the oligarch destroys the C-side through monopoly, it uses platform channels to monopolize the B-side. Finally, through financial capital intervention, a huge financial, data, and people’s livelihood will be bundled together. Big big beast that can’t move.

This is also the most typical feature before the capitalist crisis. The prescription of the Keynesian school was to advocate that the country adopt expansionary economic policies to promote economic growth by increasing aggregate demand, even if most of the currency will eventually flow to a small group of people, so Keynes predicted from the beginning that it can solve the current problem. But the fundamental contradiction cannot be resolved.

Twenty years ago, the reform of state-owned enterprises in the era of Premier Zhu Rongji required great courage to resolve and undertake to break the predicament of enterprises that were too large to fail. The employment of tens of millions of state-owned enterprise employees was behind it. Now it also needs great courage and courage to resolve the kidnapping of real estate, finance and Internet oligarchs.

The improvement of production efficiency and the wider application of technology to make life more convenient are what society needs, and the use of these technologies to monopolize in order to maximize benefits is a capital need. From the perspective of capital, it seems that there is nothing wrong with me, but from the perspective of social development, it is full of entanglements. This is a question of degree. Once the boundary is passed, it will do more harm than good, otherwise, the advantages outweigh the disadvantages.

The essence of finance, real estate, and Internet monopoly capital is to maximize the benefits of capital, and the final result is that capital is getting richer and richer. There is nothing wrong with being rich, but if it is not based on productivity improvement, it is based on On the basis of the debt of the next generation of the next generation, this is destructive wealth for the society. The next generation has no hope at the moment, and the social monopoly has reached the extreme, and the wealth differentiation has also reached the extreme. This is the source of the capitalist crisis. China is now aware of these problems, either because capital is heavily taxed, or it is to break this way of distribution of wealth based on the debts of others.

As a result of capital over the government and over the people, Western society has given enough experience and lessons, and China’s path must be different from it. Stopping the disorderly expansion of capital and using the “visible hands” of the government to guide capital to where it should go is also China’s “initial aspiration” different from the world.