Heilongjiang Daily News (Reporter Cao Zhongyi) On the afternoon of December 2, the People’s Government of Heilongjiang Province and China Datang Group Co., Ltd. signed an investment cooperation agreement to promote strategic emerging industries in Harbin. Before the signing ceremony, Xu Qin, Secretary of the Provincial Party Committee and Director of the Standing Committee of the Provincial People’s Congress, and Liang Huiling, Deputy Secretary of the Provincial Party Committee and Governor met with Zou Lei, Party Secretary and Chairman of China Datang Group, and his party.

　　On behalf of the provincial party committee and government, Xu Qin welcomed Zou Lei and his party and thanked China Datang Group for its long-term support to our province. He said that at present, our province is fully implementing the spirit of the important instructions of the important speech of the Supreme Leader General Secretary during his inspection of Heilongjiang, conscientiously implementing the decision-making arrangements of the CPC Central Committee on promoting the comprehensive revitalization of Northeast China in the new era, fully and accurately implementing the new development concept, serving and integrating to build a new development pattern, resolutely shouldering the political responsibility of safeguarding the country’s "five major security", building and strengthening the "three bases, one barrier and one highland", solidly promoting high-quality development and sustainable revitalization, and contributing to the construction of a strong country and national rejuvenation. China Datang Group is a state-owned super-large energy enterprise, which has the advantages of integration of investment, construction and operation and the whole industrial chain in the fields of comprehensive energy development and utilization. We are willing to take the signing of this contract with China Datang Group as an opportunity to further innovate the cooperation mode between the central and local governments, support the docking and cooperation between the Group and universities and enterprises in the province, accelerate the construction of cogeneration projects, plan and lay out strategic emerging industries, jointly promote green transformation and low-carbon development, better ensure the safe, reliable and stable supply of electric and thermal energy, and achieve complementary advantages and mutual benefit.

　　Zou Lei introduced the business layout and business development of China Datang Group. He said that the Group will actively integrate into the innovation chain, industrial chain and supply chain of Longjiang, promote supporting industries and landing projects in Longjiang, continuously improve the energy security guarantee capacity, earnestly shoulder the social responsibility of keeping warm and ensuring supply, and make new and greater contributions to the revitalization and development of Longjiang.

　　Wang Yixin signed a cooperation agreement with China Datang Group on behalf of Heilongjiang Provincial People’s Government. Zhang Anshun, Yu Hongtao, Zhang Yazhong and responsible comrades of relevant departments participated in the above activities.

Ding Sheng Weibo once again questioned Light Media.

1905 movie network news　Previously, Ding Sheng, the director of the film "Heroes 2018", had gone missing because of the 27 million publicity expenses, and openly questioned the publicity company’s light media on social media, which also attracted widespread attention from netizens and people in the industry. However, just yesterday, due to the delay in giving a detailed explanation, director Sheng Ding and film producer Chen Dingling released the Weibo again, accompanied by a statement from the co-publisher of "Heroes 2018" and Beijing Jingxi Cultural Tourism Co., Ltd., which listed several questions and asked the light media to give details.

In this statement, the joint propagandist raised questions about the new media channel fees, media fees, ticket replacement fees and other publicity expenses. Among them, there are obvious doubts about the material production cost: "The material production cost is generally high, for example, the trailer production cost obviously exceeds the average market price."

After the announcement, director Sheng Ding himself expressed his indignation in the Weibo: "Twenty days have passed, and the voucher is still hidden. Why are you afraid to see the sun?" As a producer, Chen Dingling expressed the hope to receive a reply from the light media within five working days.

　　Xinhua News Agency, Washington, September 21st (International observation) The risk of a "hard landing" is not only aggravated by the Fed’s aggressive interest rate hike.

　　Xinhua News Agency reporter Xiong Maoling

　　On the 21st, the Federal Reserve announced that it would raise interest rates by 75 basis points, which is the third time in a row this year. The Federal Reserve reiterated its determination to fight against high inflation and was wary of the serious consequences of premature monetary easing.

On September 21st, US Federal Reserve Chairman Powell attended a press conference in Washington. Xinhua News Agency (photo by Alexander Norton)

　　The Federal Reserve has raised interest rates by 300 basis points since March this year, which has led to a significant cooling of the US real estate market, stock market turmoil and a significant slowdown in economic growth. Analysts believe that the inflation situation in the United States is still grim, and the Fed’s continued aggressive interest rate hike policy may push up the unemployment rate, aggravate the risk of "hard landing" of the economy, and bring greater risks to the world economy.

　　The path of raising interest rates is more hawkish.

　　When Federal Reserve Chairman Powell announced in June that the Fed had raised interest rates by 75 basis points for the first time in 28 years, he said that raising interest rates by 75 basis points was unusual, and it was expected that such a rate hike would not occur frequently. However, after the two-day monetary policy meeting on September 21st, the Federal Reserve announced that it would raise the target range of the federal funds rate by 75 basis points to between 3% and 3.25%, which is the third time in just a few months.

On September 21st, US Federal Reserve Chairman Powell attended a press conference in Washington. Xinhua News Agency (photo by Alexander Norton)

　　On the 21st, Powell reiterated the hawkish signal he released in late August, that is, he emphasized the determination of the Fed to reduce inflation and was wary of the serious consequences of loosening monetary policy prematurely and allowing high inflation to solidify. He stressed that if the Fed retreats from its commitment to reduce inflation, people will eventually suffer more and longer.

　　According to data from the US Department of Labor, since March this year, the US consumer price index (CPI) has increased by more than 8% year-on-year, maintaining a high level.

　　According to the latest quarterly economic forecast released by the Federal Reserve on the same day, the median forecast of the federal funds rate by Fed officials at the end of this year is 4.4%, which is significantly higher than the forecast of 3.4% in June. According to the current situation, the Fed will need to raise interest rates by about 125 basis points in the next two meetings to reach the forecast value. Officials’ median forecast for the federal funds rate at the end of next year is 4.6%, higher than the forecast of 3.8% in June.

　　Jay Bridson, chief economist of Wells Fargo Securities, said in an analysis report that the Federal Reserve further intensified its efforts to fight inflation at its September meeting. Although it raised interest rates by 75 basis points as expected, it gave a more hawkish path forecast for the short-term interest rate trend this year and next.

　　According to the Chicago Mercantile Exchange’s "Fed Watch Tool", as of the evening of 21st, the probability that traders expect the Fed to raise interest rates by 75 basis points in November exceeds 70%.

　　The economic outlook is becoming more pessimistic.

　　Some experts believe that the 75-basis-point interest rate hike by the Federal Reserve seems to be the "normal state", which may push up the unemployment rate, puncture the bubbles in the property market and the stock market, push the US economy into a "full-scale recession" and bring greater risks to the world economy.

　　Desmond Rahman, an economist at the American Enterprise Institute, told Xinhua that in order to control inflation, the Fed has continuously raised interest rates substantially, while reducing its balance sheet and recovering market liquidity at an unprecedented rate. He believes that the Fed’s monetary policy is too radical and insufficient consideration is given to the impact of policy lag, which may lead to an increase in the unemployment rate.

　　According to the quarterly economic forecast, the median forecast of the US unemployment rate by Fed officials in the fourth quarter of 2023 is 4.4%, 0.5 percentage points higher than that in June. The median forecast of the year-on-year growth rate of the gross domestic product (GDP) of Fed officials in the fourth quarter of this year is 0.2%, which is significantly lower than the forecast of 1.7% in June and 2.8% in March, reflecting their more pessimistic expectations of the US economic outlook.

　　Powell said frankly that in the process of curbing inflation and restoring price stability, it will be very challenging to achieve a relatively moderate rise in unemployment and a "soft landing" of the economy. He said that if monetary policy needs to be further tightened to a more restrictive level, or the tightening needs to last longer, the possibility of a "soft landing" will be reduced.

　　Dean Baker, a senior economist at the Center for Economic and Policy Research in the United States, believes that the Fed should pay more attention to the downside risks of further tightening policies, that is, pushing the already battered US economy into recession.

　　Jeffrey gundlach, CEO of American Double Line Capital, said in an interview with CNBC that the Fed should slow down the pace of raising interest rates because the economy is on the verge of recession. According to a recent CNBC survey, respondents believe that the possibility of a recession in the United States in the next 12 months is 52%.

　　Rahman said that the Fed’s tough monetary policy stance has made the real estate market experience serious difficulties, and also led to the bursting of the stock market and credit market bubbles, which made him worry that the US economy would soon fall into a "full-scale recession". In addition, the Fed policy has also led to a sharp appreciation of the US dollar and the return of capital from emerging markets, which has made the already very difficult world economy worse.

Enter [news community] > >

　　　　CCTV.com News (news community): Go to Tongling Freshwater Dolphin National Nature Reserve to see a pair of finless porpoises. Two days ago, the little finless porpoise just had a full moon, and its mother "Little Female" also set a national record: it became the first Yangtze finless porpoise in China to grow and mature, naturally reproduce and breastfeed under the condition of artificial management and protection.

　　　　The finless porpoise "Little Female" was captured in Tongling section of the Yangtze River in February, 2003, when she was only 2 years old. After adaptive enclosure in the wild, she was put into semi-natural waters of Tongling Freshwater Dolphin National Nature Reserve for artificial breeding. On August 12th this year, "Little Female" naturally gave birth to a small finless porpoise, and since then, she has been caring for her "baby" inseparable. In order to prevent other finless porpoises from accidentally injuring the young porpoises, the "little female", who has always been quick and flexible when feeding fresh fish in the reserve, changed the past practice of competing with other finless porpoises for food, and only brought the young porpoises to eat after the other finless porpoises had eaten and left. In response to this change, the breeders in the reserve have extended the feeding time and specially equipped the "little female" with nutritional drugs to promote her postpartum recovery and breast-feeding the young dolphins. At present, the mother and son of the finless porpoise are in good health, and the length and weight of the finless porpoise have increased a lot.

　　　　Ping Jiang, director of the Natural Ecology Protection Department of Anhui Environmental Protection Bureau: The successful breeding of the finless porpoise shows that our nature reserve has basically understood and mastered the growth habits and breeding conditions of the finless porpoise in semi-natural waters.

Editor: Wang Yilin

　　Network screenshot of epicenter location

　　No casualties have been reported in the Langfang earthquake in Hebei Province, and it is unlikely that an earthquake of magnitude 5 or above will occur in the capital circle.

　　Langfang, Feb. 12 (Reporter Li Xi Song Mintao) At 18: 31 on the 12th, a 4.3-magnitude earthquake occurred in Yongqing County, Langfang City, Hebei Province. The Earthquake Administration of Hebei Province has launched a three-level earthquake emergency response, and emergency personnel and relevant experts from provincial and municipal seismological bureaus have rushed to the earthquake area to verify the earthquake disaster. Up to now, no reports of casualties have been received.

　　Network screenshot of epicenter location

　　Weibo, the official of the Seismological Bureau of Hebei Province, announced after the earthquake that the villages within 5 kilometers of the earthquake are Xinwu Village, Xiaozhan Village, Zuoyi Village, Jiaozhuang Village, Beiliuzhuang Village, Dongxiliu Village, Xixiliu Village, Beijieshang Village, Dazhan Village and Hengting Village, and the towns within 20 kilometers are Bieguzhuang Town, Hancun Town, Tiaotou Township, Qiuzhuang Township, Wharf Town and Cao.

　　It is reported that the epicenter was 15 kilometers from Anci District of Langfang, 16 kilometers from Yongqing County, 17 kilometers from Guangyang District, 33 kilometers from Gu ‘an County, 36 kilometers from Bazhou City, 19 kilometers from Langfang City and 56 kilometers from Tianjin City.

　　According to the catalogue of China Seismological Network Express, there have been 11 earthquakes of magnitude 3 or above within 200 kilometers around the epicenter in recent five years, and the largest earthquake occurred in Zhuolu County, Zhangjiakou City, Hebei Province on September 6, 2014 (150 kilometers away from this epicenter).

　　After the Yongqing earthquake in Langfang, Weibo, the official of China Seismological Network, announced that China Seismological Bureau had launched a four-level earthquake emergency response, and asked all working groups to carry out emergency response work quickly. After analysis and judgment, the earthquake may be isolated, and it is unlikely that a larger earthquake will occur in the original earthquake area. In addition, it is unlikely that an earthquake of magnitude 5 or above will occur in the capital circle. (End)

　　People’s Daily Online, Beijing, September 29 (Reporter Xu Weina) This year’s Mid-Autumn Festival and National Day happened together, forming an eight-day "Super Golden Week". Judging from the hot booking data of various platforms, under the interweaving of multiple demands such as family visits, outbound tours and Asian Games tours, the popularity of holiday travel market has been rising all the way, and the peak period of mass travel is coming.

　　According to the data of China State Railway Group Co.,Ltd., from September 13th to 23rd, the railway has sold a total of 217 million train tickets during the Mid-Autumn National Day. The Civil Aviation Administration predicts that more than 21 million passengers will travel by air during the holiday period, and it is estimated that 137,000 flights will be guaranteed, with an average daily flight of more than 17,000.

　　Recently, the Ministry of Culture and Tourism held a regular press conference in the third quarter of 2023. At the meeting, for the upcoming Mid-Autumn National Day holiday, the Ministry of Culture and Tourism focused on three tasks: enriching the supply of cultural and tourism products, improving the policy environment for high-quality industrial development, and carrying out cultural and tourism activities to benefit enterprises and people. The Ministry of Culture and Tourism will focus on improving the supply quality of cultural and tourism products during the festival, promoting the accelerated recovery of the cultural and tourism industries, and better satisfying the people’s yearning for a better life.

　　Ma Li, deputy director of the Industrial Development Department of the Ministry of Culture and Tourism, said that in the next step, the Ministry of Culture and Tourism will focus on further promoting the cultural tourism industry from the aspects of developing new formats, innovating cultural tourism scenes and improving travel experience, and continuing the good development trend of the tourism market.

　　In fact, in order to seize the "Super Golden Week" travel craze, many places across the country have also launched more innovative gameplay and promotional activities while ensuring the safety and order of the holiday travel market, and constantly cultivated new scenes of travel consumption. According to the reporter’s combing, Haikou, Guangzhou, Nanjing and other tourist hotspots have successively launched more innovative cultural tourism activities.

　　The reporter learned from the General Administration of Tourism, Culture, Radio, Film and Television of Haikou that on September 27th, the joint marketing campaign of Haikou tourist attractions was officially launched, and five major tourist routes of Haikou National Day holiday were launched, including beautiful countryside tour, eco-cultural experience tour, online celebrity punch-in tour, gourmet shop tour and leisure tour in the resort.

　　Recently, the Guangzhou Municipal Bureau of Culture, Radio, Film and Tourism issued the "Happy Golden Week to Guangzhou" Guangzhou Cultural Travel Mid-Autumn National Day Holiday Series Activity Plan, proposing that a new round of Guangzhou Cultural Travel Vouchers in 2023 will be issued on the evening of September 28, with a total amount of more than 10 million yuan, and the validity period will cover the entire National Day holiday. At the same time, Guangzhou Museum will launch a live immersive version of the game "Wearing Guangdong". On the 1,314-meter-long Pearl River from Guang Zhouta to Pazhang, the "1314 Reading Happy Road" will be held, and the Mid-Autumn Festival Lantern Festival will be held in the Pearl River Pazhang Beer Culture and Creative Art Zone.

　　The reporter learned from the Nanjing Municipal Bureau of Culture and Tourism that on the evening of September 28th, the "Night Sleeping in Jinling, Everything is New" 2023 Nanjing Night Travel Consumption Promotion and the 4th Shuiqiao Lantern Festival JaeHee Nanli kicked off, releasing more than 130 performances of Nanjing Cultural Travel in the Golden Autumn season, launching a hand-painted map of "Night Food Stall" and issuing the fifth batch of "Cultural Shop" coupons for Nanjing Cultural Travel consumption.

　　"At present, the cultural and tourism markets are recovering strongly, and local cultural and tourism departments should carefully organize and guarantee to ensure the healthy, stable and orderly holiday market." Hu Heping, Party Secretary and Minister of the Ministry of Culture and Tourism, stressed that it is necessary to enrich the supply of products and services, organize a variety of mass cultural activities, performances and broadcasting activities, enrich tourism products and innovate tourism experiences. Let the people and tourists have a happy and peaceful Mid-Autumn Festival and National Day. (Intern Zhang Sirui also contributed to this article)

At the entrance of the Training Bureau of the State Sports General Administration, there are photographers and fans gathered all the year round.

In the women’s singles final of table tennis in Paris Olympic Games, the contest between Sun Yingsha, a national table tennis player, and Chen Meng was supposed to be a pleasing match, but the audience and online fans made the match dusty.

Some people pour sewage and create yellow rumors; Some people have a conspiracy theory and approve it as a "related household"; Someone took out the "rice circle" (fan circle) and tried to prove that "my family is bigger than you, so we should win the championship" … In this regard, many netizens and even members of the "rice circle" said that Sun Yingsha and Chen Meng, both athletes who won glory for their country, why were they so trampled on?

The "rice circle culture", a youth subculture that started in the entertainment circle and was formed by idol artists and fan economy, was formed by the joint action of the times, technology and industrial development, and its positive development is conducive to cohesive social circles. However, what is worrying is that some abnormal and irrational "rice circle" idolize behaviors are also growing like a fork in the road, even challenging the legal bottom line.

Recently, the public security organs, together with relevant departments, cracked down on illegal and criminal activities in the field of sports. In this regard, the Chinese Table Tennis Association and the Chinese Gymnastics Association have issued statements in these two days to express their firm support and condemn any illegal and criminal acts.

Behind some deformed "rice circles"

Has the shadow of commercial capital melee.

Chen Caihong, a TOP10 star on the Internet, retired after two years of "standing sister" and one year of "big powder" and three years of "working in the rice circle".

"My pink artist used to be an actor who didn’t make a debut for a long time, but his business ability is very good and he has always insisted. His resilience in adversity deeply infected me." Chen Caihong said, what is important is that in recent years, this star has really become popular, and she has been inspired by it, feeling that the original efforts have really paid off. "Joining the’ rice circle’ has helped me find a sense of belonging and people with common interests and beliefs."

Indeed, in the eyes of the vast majority of "rice circle" members, "rice circle" is a normal group performance of uniting and orderly organizing fans to support stars, including sports stars. If it doesn’t go abnormal in its development, it is also a reasonable existence, even beneficial to idolize’s group rational idolize, and promotes the overall positive development.

"Today’s’ rice circle culture’ is more organized, purposeful and large-scale than the original fan economy." A public relations person who has been in business for many years said that behind them is the shadow of the melee of commercial capital. In order to protect the commercial value of artists, artists need huge and stable fan resources. "They often satisfy their fans’ desires through marketing events and get rich returns. At the same time, Huize is part of the hardest-working fan base."

Grey industrial chain:

Open the box, shoot, and stalking fan.

Behind the "rice circle culture", many industrial chains have been formed, and even a gray industrial chain is hidden.

"Information trafficking, the sale of star pictures and videos, and the demand of fans have formed a special group and super words to trade." Chen Caihong said that in the "rice circle", the hacker technology that can query the personal information of stars is called "opening the box". "In the past few years, no one dared to open the box in the" rice circle ".Since about 2023, the behavior of" opening the box "has suddenly increased, and the stars are easily threatened by privacy."

At one end of the gray industrial chain are personal information and private photos of stars sold as "commodities", while at the other end, there are buyers mainly from "stalking fan" and "Daipai" groups.

The source of star photos and videos is mostly through "taking pictures". "Daipai doesn’t follow the order like fans. In order to make money, it will collide with the artist’s face shooting, which will trigger the resentment of the’ rice circle’." Chen Caihong said that, paradoxically, artists need photo exposure to maintain their popularity, so it is a state of mutual use.

The "illegitimate" behavior is mainly manifested in the excessive invasion and harassment of the private lives of stars. Chen Caihong said that in the "rice circle", "illegitimate students" will definitely be expelled from the school and will not be recognized. Their extreme behaviors include following and filming the itinerary that has not been officially released, squatting in the downstairs of the star’s house or in the hotel room.

In the "rice circle", there is a saying: No money, no idolize. The money that fans spend on idols is likely to end up in the pocket of "powder head". In recent years, news such as "powder head" corruption and running away with money have often been exposed. Huang Honglian said that the fan group lacks the supervision of professionals in the crowdfunding process, and it is likely that the person in charge will run away with fund-raising, which is illegal possession and may involve fraud crimes.

How to make the sports circle

Not attacked by deformed "rice circles"?

Duan Li, an associate professor at the School of Language and Culture in China, Guangdong University of Foreign Studies, said that the deformed "rice circle culture" includes compulsory tasks, including fame and profit, ranking, hot search, purchase, cash support, etc. Through operation, it forms an artificial, false, unitary and antagonistic star popularity ranking, and a logically distorted "idol-fan" relationship. "The distortion is that it starts from spontaneous production and creativity.

"Fortunately, competitive sports has a special training and selection mechanism. At present, there is not much room for the possibility of interfering with training, selection and events." However, Duan Li also said that competitive sports is a national project, and it also needs to take into account social demands, social evaluation, social effects, and the possible commercial value of athletes in the later period. "Therefore, from the perspective of national governance, it is necessary to sort out the logical mechanism of’ rice circles’, actively explore the comprehensive value of athletes as role models, idols, and benign interactions with audiences and fans, and actively and effectively guide the polarization of irrational preferences, especially to deal with various commercialization.

　　A few days ago, the Federal Reserve made its 10th decision to raise interest rates in the past 14 months, which once again triggered market shocks. Continued interest rate hikes have not only brought the United States closer and closer to the economic recession, but also caused the whole world to take the blame for the United States.

　　Europe, which is the most tightly bound by American strategy, took the lead in responding, followed by the United States to raise interest rates passively for the seventh time since July last year.

　　△ Yahoo News reported that the European Central Bank held a monetary policy meeting on May 4 and decided to raise the three key interest rates in the euro zone by 25 basis points. The main refinancing rate, marginal lending rate and deposit mechanism rate were raised to 3.75%, 4.00% and 3.25% respectively from the 10th of this month.

　　However, the analysis believes that the monetary tightening policy has led to the continued weakness of the euro zone economy, and the European Central Bank will still be in a dilemma between curbing inflation and seeking economic growth.

　　△ US Consumer News and Business Channel website reports: According to Eurostat data, in the first quarter of this year, the GDP of the euro zone only increased by 0.1%, which was less than expected, and the German economy stagnated.

　　This dilemma is certainly not limited to Europe.

　　Due to the hegemony of the US dollar, the Fed’s aggressive interest rate hike this round made the yield of US bonds rise and the US dollar strengthened rapidly. Its spillover effect induced large-scale capital to flow to the United States, which made the stock markets, foreign exchange markets and bond markets of many countries suffer violent impacts, forcing these countries to follow the interest rate hike in order to maintain macroeconomic stability, thus increasing their own economic recession risks.

　　△ Most central banks in the world are raising interest rates at a synchronous rate that has not been seen in the past 50 years (screenshot of the US "Investment Encyclopedia" website report)

　　"Fed’s interest rate hike will aggravate the global debt crisis"

　　According to the analysis of experts from the World Bank, in the past year or so, the rise of interest rates in the United States was mainly driven by the "reaction shock" triggered by investors’ expectation of the Fed’s shift to a tougher monetary policy stance.

　　△ Screenshot of World Bank official blog report

　　The rise in US interest rates driven by "reaction shock" is particularly harmful to the financial markets of emerging markets and developing economies. Facts have proved that the sharp rise in interest rates in the United States and the corresponding rise in the foreign exchange value of the US dollar have had a significant spillover effect on the borrowing costs of emerging markets and developing economies. The debt levels of many emerging markets and developing economies have generally soared, and the debts of many governments have reached record highs. Some countries have fallen into financial difficulties and even defaulted on their debts.

　　△ The report "Debt Relief for Green and Inclusive Recovery (DRGR)" jointly released by the Center for Global Development Policy Research of Boston University, the Center for Sustainable Finance of the School of Asian and African Studies of London University and the Heinrich Burr Foundation in April shows that during 2008-2021, the sovereign debt of emerging markets and developing economies increased by 178%, from $1.4 trillion to $3.9 trillion.

　　The US Consumer News and Business Channel also warned that the Fed’s interest rate hike will aggravate the global debt crisis. Debt payments in developing countries increased by 120% from 2010 to 2021, reaching the highest level since 2001. The average proportion of government revenue used to pay foreign debts increased from 6.8% in 2010 to 14.3% in 2021.

　　△ Screenshot of US Consumer News and Business Channel website report

　　Georgieva, managing director of the International Monetary Fund, warned that the Fed’s interest rate hike may "throw cold water" on the already weak recovery of some countries. The rising interest rate in the United States and the appreciation of the dollar may make it more expensive for countries to repay their debts denominated in dollars.

　　By the end of 2022, the total debt of developing countries rose to a record $98 trillion.

　　△ World Bank reports in official website: Rising interest rates and slowing global growth are likely to plunge a large number of countries into debt crisis. Debt servicing has brought the greatest pressure to poor countries since 2000.

　　"Casino capitalism" is accelerating the flight of many countries from the US dollar.

　　The history of dollar hegemony is the history of the United States arbitrarily harvesting world wealth.

　　The Australian "East Asia Forum" website once published an article pointing out that in the 1970s and early 1980s, the Federal Reserve led by Paul Volcker reduced the inflation rate in the United States by raising interest rates aggressively, but pushed up the global interest rate, causing many emerging economies to default on their debts. The debt crisis after the Volcker shock made developing countries feel sad. The Fed’s interest rate hike has had a devastating impact on Latin America. The gross domestic product (GDP) in this area plummeted, and the unemployment rate and poverty rate rose sharply. There are similar experiences in debt-ridden countries in Africa. The Fed has not paid enough attention to how its wayward policy choices will affect the rest of the world.

　　△ Australia’s "East Asia Forum" website report screenshot

　　This is true. How can the Fed, which holds the hegemony of the US dollar, care about other places? !

　　Eduardo Porter, an information columnist of Bloomberg, recently questioned: "Can the Fed led by Powell afford to ignore geopolitics?"

　　The article points out that today, the Fed once again faces the high inflation in the Volcker era. As it is raising interest rates at the fastest rate in more than 40 years, "the original memory of people’s disillusionment with economic prosperity is resurfacing throughout Latin America and the wider developing countries."

　　△ Screenshot of Eduardo Porter’s review article reprinted on Washington post website.

　　In connection with the direct and indirect damage caused by the United States’ indiscriminate unilateral sanctions against other countries by using the hegemony of the US dollar for many years, the international community generally believes that the economic and financial policies of the United States have become the biggest challenge to global financial stability, economic recovery and common development.

　　Faced with the harm of dollar hegemony to the world economy, more and more economies have begun to take practical actions to safeguard their rights and interests. Many countries, including some American allies, have actively explored the path of "dollarization" by reducing US debt, promoting bilateral monetary agreements and diversifying foreign exchange reserve assets. In addition, central banks are still buying gold at the fastest rate since 1967.

　　△ Reuters reports: In 2022, central banks bought a record 1,136 tons of gold, and in 2023, the trend of global central banks’ gold purchase continued.

　　With the acceleration of the global "dollarization" process, the control of the US dollar as the world’s reserve currency on the international economic system is weakening. The data shows that in the past 20 years, the share of the US dollar in the international reserves of global central banks has dropped by 12 percentage points, from 71% to 58.36% in 2022, which is the lowest level since the data was recorded in 1995.

　　△ Screenshot of Turkish Radio and Television Corporation (TRT) website report

　　Peter Earle, an economist at the American Economic Research Institute, recently pointed out in his article "De-dollarization has begun" that the US dollar has gradually changed from an ordinary carrier of payment, settlement and investment to a financial tool used by the US government to implement unilateral sanctions. Especially after the escalation of the Ukrainian crisis last year, the US wantonly weaponized the US dollar, which accelerated the flight of many countries. "In the long run, ‘ De-dollarization ’ Will continue, and the dollar will lose power overseas sooner or later. "

　　△ Screenshot of the article on the website of the American Economic Research Institute

　　Pepe Escobar, a Brazilian geopolitical analyst and senior journalist, called American monetary policy "casino capitalism" in an interview with the media. He pointed out that after weighing the pros and cons, more and more countries found that the US dollar was not safe. The aggressive U.S. sanctions policy and reckless government spending have significantly reduced the international appeal of the dollar. The upcoming BRICS summit in South Africa may be the key to progress in dollarization. The dollar-centered world order is doomed to end.

　　△ Sputnik news agency & radio report screenshot

　　Source: Global Information Broadcasting "Global Deep Observation"

　　Planning Wang Jian

　　Reporter Shan Lijuan

　　Editor Yang Nan

　　Qian Shen Zou Haoyu

　　Producer: Jiang Aimin

Text | AUTO Core Ball

Author | DynaSky

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Have you got the money ready?

Just waiting for the September press conference?

Row!

But I still have to remind you

As long as you experience Huawei’s black technology

You’ll be as completely trapped as I am

Become a tool, a puppet

The driver’s license test is in vain, and the reversing technique is also scrapped

It’s all taken over by Smart Drivers

The key is that you are still willing

Be its wild ambassador

You must be prepared!

The pictures in this article are all from the Internet

Focusing on smart cars to assist in key decisions.