Text | market value observation Xiao Li flying knife

Editor | Xiao Shimei

Recently, the international gold price is witnessing history every day, and the current price once exceeded $2,380 per ounce.

Under the skyrocketing price of gold, ETFs tracking the spot price of gold also ushered in brilliant performance. Among them, the gold ETF Huaxia (518850) rose nearly 16% in more than one month, which was more than 50% higher than the low point in March 2021, which caused great concern in the market. In the eyes of many professional organizations, this round of gold bull market is far from over.

【 cycle cycle 】

Historically, the price of gold has experienced many rounds of bull-bear cycles.

After the Great Depression in 1929-1933, most developed economies abandoned the gold standard and implemented the paper money system. As a functions of money, gold has been greatly weakened, and the price of gold is facing revaluation, which has soared by more than 70% in just a few years. This is the first time that people have witnessed the power of gold.

Since then, the international gold price was tepid, and it was not until 1970-1980 that the second super bull market was ushered in, with a cumulative increase of 430%.

In 1971, Nixon brazenly announced the suspension of the exchange of dollars into gold, the Bretton Woods system collapsed and the value of gold was revalued again. In addition, after the decoupling of the US dollar from gold, the US fiscal and monetary policies were like wild horses, which eventually led to a round of hyperinflation, which also drove the current round of gold prices to rise sharply to some extent.

Subsequently, gold ushered in a 20-year super bear market. During this period, gold continued to depreciate, in sharp contrast to the rising prices of major economies around the world. Among them, American prices soared by 500%.

In 2000, before the bursting of the Internet bubble in the United States, the global stock market was extremely enthusiastic, and gold was at the end of the bear market cycle, gradually bottoming out and opening the road to rebound.

From 2006 to 2008, there was a super bubble in the American real estate market, and the price of gold continued to rise to a high of $1,000. Since then, with the collapse of Lehman Brothers, the subprime mortgage crisis has swept the world. As a major asset, gold has also fallen more than 20% following the stock market and bond market in just a few months.

In November 2008, the United States officially launched the QE policy, and large-scale over-issuance of money saved finance and economy from fire and water. The European Central Bank also implemented quantitative easing policy and expanded its balance sheet rapidly. The huge amount of liquidity continuously depressed the market interest rate and entered the zero interest rate range in December 2011. In the same period, the Bank of Japan’s QE and QQE policies came out.

The global mainstream currencies flooded, the real interest rate of the US dollar fell, and gold rose all the way to 2011, with the highest exceeding $1,900 per ounce.

▲COMEX gold main futures price chart, source: Chocie

After this bull market, gold ushered in a bear market for nearly seven years. The price of gold once dropped from a high level to $1,045 per ounce in 2015, with a cumulative decline of 46%. After that, it oscillated at the bottom for several years and started a new bull market cycle in October 2018.

From the perspective of historical deduction, once the gold price enters the bull market or bear market cycle, the trend will not end soon, and the duration can often last for more than 10 years. If this gold bull market follows the historical laws, it is a good choice to invest in gold-themed index funds such as gold ETF Huaxia (518850).

"Different bull market"

As we all know, gold has three attributes, including finance, hedging and commodities.

Financial attributes are mainly priced by two major indicators, one is inflation expectation and the other is nominal interest rate. To put it simply, gold has been used as a "hard currency" against inflation over the years-inflation has gone up, and gold tends to rise; Deflation, gold tends to fall. Nominal interest rate generally regards the yield of 10-year US bonds as opportunity cost. When the nominal interest rate goes down, gold tends to go up, and vice versa.

The combination of two factors, that is, the real interest rate (nominal interest rate-inflation expectation), is one of the important logics that determine the long-term trend of gold prices.

Hedging is the most important attribute of short-term fluctuation of gold, but it can’t support the performance of gold price in the medium and long term. Commodity attributes are weaker than the first two, because the demand for gold consumption (such as gold ornaments) is relatively stable and the supply is relatively stable, which often has little impact on the price of gold.

Then, since October 2018, why has a sharp bull market broken out in gold? How is this different from previous cycles?

From October 2018 to the end of 2022, there was a relatively obvious negative correlation between gold and the real interest rate as a whole, which was not very different from the past big cycle.

▲ US real interest rate VS gold futures price trend, source: m square

At the end of 2018, the Federal Reserve entered the end of the interest rate hike cycle since 2015, and then cut interest rates three times in 2019. In 2020, when the COVID-19 epidemic crisis hit, the Federal Reserve quickly lowered the federal benchmark interest rate to zero, and its balance sheet expanded by $5 trillion. Massive currency liquidity flooded into the market, the real interest rate fell sharply, and gold as a whole showed a continuous upward trend.

Since the end of 2022, the real interest rate in the United States has fluctuated and risen, but gold has continued to strengthen. Recently, the macro data of non-agricultural employment and inflation in the United States have performed strongly, indicating that the economic fundamentals are strong, and the yield of 10-year US bonds has also rebounded to above 4.4%, driving the real interest rate to rise, but gold is still unmoved and crazy.

From the real interest rate in the past big cycle, the main pricing factors can no longer effectively explain the surge in the second stage of this gold bull market. The main reason is that the crazy purchase of gold by global central banks has become another important factor leading the trend of gold prices.

In 2022, global central banks bought 1,082 tons of gold, a significant increase compared with the previous 450 tons, setting a record high. In 2023, the net purchase again was 1,037.4 tons, which continued to maintain a high level, close to 20% of the annual gold supply. Among them, the biggest buyer originated from the Bank of China.

▲ The central bank’s demand for gold purchases has increased rapidly. Source: Zeping Macro

As of March, 2024, the gold reserve of the Bank of China was 72.74 million ounces, up 160,000 ounces from the previous month. It is worth noting that this is the 17th consecutive month that the Bank of China has increased its holdings by 10.1 million ounces, or about 286 tons. According to the current gold price, the increase in holdings exceeds 170 billion yuan.

Since March, gold has continued to skyrocket, which has stimulated the rapid increase of global non-commercial long positions in gold for speculative profits and the relative decline of short positions. This undoubtedly exacerbated the soaring price of gold with a very steep slope.

From the short-term and medium-term perspective, the Fed will enter the interest rate reduction cycle for several years in the future, and the high interest rate of US bonds will have a large downside in the future. From a long-term perspective, due to distrust of the sovereign currency of the US dollar, central banks around the world systematically increase their holdings of gold, which will drive the upward trend of gold prices.

Long and short period resonance, the future gold market is still expected.

[investment at the right time]

Since the gold price in the afternoon is expected, it will be a good choice to vote for gold. You know, gold is the only legal and compliant global allocation asset that most people in China have access to.

In addition to buying physical gold, a more convenient way to invest in gold is to use ETF for layout. For example, the latest scale of gold ETF Huaxia (518850) is over 400 million yuan, with good liquidity, and it has recorded nearly 50% return performance in the past three years, which deserves special attention.

Of course, participating in the gold market can also focus on outstanding A-share gold listed companies.

Specifically, the middle and upper reaches of the gold industry chain are mainly engaged in gold mining and smelting, with Zijin Mining and Shandong Gold as the leading companies, while the downstream is mainly engaged in the production and sales of gold jewelry, with Lao Fengxiang and Zhou Dasheng as the leading companies.

The leading enterprises in the upstream resources are relatively more profitable, especially Zijin Mining, which has a market value of over 440 billion. Its gross profit margin increased from 8.5% in 2015 to 15.8% in 2023, and its net interest rate increased from 1.8% in the same period to 9%.

Zijin Mining’s gold business scale is undoubtedly the largest in China. In terms of reserves, it will reach 1,191 tons in 2022 (gold resources will reach 3,117 tons), far exceeding the 507 tons and 417 tons of Zhongjin Gold and Shandong Gold. In addition to the gold business, Zijin Mining also mines non-ferrous metals such as copper and zinc, and its output ranks among the top in the world.

These businesses have experienced explosive growth in the past few years. From 2005 to 2023, the revenue expanded from 3.07 billion yuan to 293.4 billion yuan, with a compound annual growth rate of 29%. The net profit of returning to the mother increased from 700 million yuan to 21.1 billion yuan, with a compound annual growth rate of 21%.

One of the core competitiveness driving the continuous growth of performance stems from low cost. On the one hand, Zijin Mining has mining technology that its peers don’t have, or can’t reach, to realize the benefit of mining low-grade mines. On the other hand, Zijin Mining is good at using the cycle and purchasing mineral resources at low prices against the trend.

In addition, Zhongjin Gold and Shandong Gold are not bad in operation, but their cyclical properties are stronger than Zijin Mining, and their share prices generally fluctuate with the gold price.

Lao Fengxiang, the core leader in the downstream of the gold industry chain, is also a super bull stock. Although the level of gross profit and net profit is very low, which is not much different from that of most manufacturing companies, fortunately, the business scale continues to expand, which also drives its profits to continue to grow.

Lao Fengxiang’s good growth stems from the bonus of China’s gold jewelry industry. According to Euromonitor, the market size of the industry was 815.9 billion yuan at the end of 2022, and it will reach 942.9 billion yuan in 2025, with a compound annual growth rate of 7.8%. In addition, from the perspective of per capita jewelry consumption, China’s jewelry consumption is US$ 82, which is lower than US$ 693 in Hongkong, China, US$ 309 in Singapore and US$ 250, and there is still much room for growth in the future.

In China’s jewelry market, the consumption of gold products is significantly higher, accounting for 58.3% in 2021 and above 60% in many years. In the global market, the largest market segment is diamond jewelry, accounting for 47%, followed by gold, accounting for 42%. It can be seen that the leading enterprises specializing in gold jewelry in China will benefit more.

In short, from the historical dimension and driving logic, this round of gold bull market may be far from complete. In this uncertain era, the allocation of gold-related assets should be a relatively certain choice.

Solemnly declare: Tiantian Fund Network publishes this information for the purpose of spreading more information, which has nothing to do with the position of this website. Tiantian Fund Network does not guarantee the accuracy, authenticity, completeness, effectiveness, timeliness and originality of all or part of this information (including but not limited to words, data and charts). The relevant information has not been confirmed by this website, and it does not constitute any investment decision-making suggestions for you. Please act accordingly at your own risk. Source: Eastern Fortune Choice data.

　　The Danish Broadcasting Corporation launched a special report on May 30, revealing that the US National Security Agency accessed the Danish Internet through the Danish Defense Intelligence Agency to obtain raw data in order to monitor and monitor the political figures of many European countries, including German Chancellor Angela Merkel.

　　The report said that the Danish Broadcasting Corporation, in cooperation with Swedish, Norwegian, German and French media, found "amazing results" in a secret internal investigation against the Danish Defense Intelligence Agency on the basis of clues provided by insiders of the Danish Defense Intelligence Agency. The internal investigation report, code-named "Operation Dunhammer", was completed in May 2015. One of the important conclusions is that the US National Security Agency can purposefully access the Danish Internet to obtain data through cooperation with the Danish Defense Intelligence Agency, so that it can secretly monitor and monitor the target heads of state, such as Merkel, leaders of allies such as France, Sweden and Norway, and high-level politicians.

　　The European countries involved reacted strongly to the incident revealed by the news media.

　　Danish Defense Minister Bramsen told the media that "the government cannot make public comments on the information provided by the media or others. Intelligence can only be discussed in the relevant committees of parliament. But it can be said in general terms that systematic eavesdropping on close allies cannot be accepted. "

　　Swedish Defense Minister Hultkvist said that he had contacted the Danish Ministry of National Defense and asked the other party to give a clear reply; Sweden has also approached Germany, France and the United States and needs to know "comprehensive information" about this matter. The incident was a "spy activity for politicians" in Sweden. "Now that this has happened, we must take the protection of Sweden’s interests as the starting point." He said that Sweden can’t accept such monitoring behavior between close allies, which is a "matter of principle."

　　Swedish parliamentarian Holm severely criticized the interception incident. He said that the monitoring incident was "too outrageous and very angry." "We need to know who is being monitored when and how. It is shocking that such a thing happened and it feels like we are back to the Cold War."

　　The Norwegian government also asked the Danish government to respond to relevant reports immediately. Norwegian Defense Minister Barker Jensen said that the incident would be "taken seriously".

　　On May 31st, Merkel and French President Macron co-chaired the 22nd joint meeting of French and German ministers in a remote way. When answering a reporter’s question, Merkel said that Germany and France communicated with the US intelligence agencies about the interception a long time ago, and Germany hoped that the US’s attitude of clarification had not changed.

△ German Chancellor Angela Merkel issued a statement asking the US to clarify the interception.

　　Former German Foreign Minister Frank-Walter Steinmeier told the German media: "I think this is a political scandal."

　　Patrick Sensberg, head of the German Bundestag Committee responsible for investigating the previous US surveillance incident, said in an interview with the media that the driving force behind the intelligence department "is not friendship, nor morality, but the pursuit of interests".

　　Macron said at a news conference that if the news is accurate, it is obvious that this kind of monitoring behavior is unacceptable among allies, and even more unacceptable among EU partners.

　　In an interview with French news channel, French Secretary of State for European Affairs Bona made it clear that he did not know the specific identity of the French officials accused by the media of being monitored by the United States, but if the practice of American intelligence agencies monitoring European politicians through Denmark is confirmed, its nature will be "extremely serious" and will have consequences for cooperation between Europe and the United States. Bona said that it is time to verify whether Denmark has made mistakes in its intelligence cooperation with the United States and whether the United States has indeed carried out espionage activities against European politicians.

△ French Secretary of State for European Affairs Bona

　　Le Feible, a French communication technology expert who wrote the book Snowden Incident: How the United States Monitors the World, told French news station that he was not surprised at the contents exposed by the media at all, and believed that the monitoring behavior of the United States was still going on. Lefebvre said bluntly that Europe is a "free lunch" for the US National Security Agency, and the United States will not be willing to give up such intelligence hegemony, because European countries rely on American intelligence work, especially at the software level. Therefore, in the face of repeated US surveillance incidents, Europe’s response is usually weak.

　　The United States, known as the "cyber security guardian", has actually been spying on its European allies.

　　In 2013, Snowden, a former US defense contractor employee, revealed through the media that the US government was widely monitoring domestic and international telephone and Internet communications, which caused an international uproar. Merkel’s mobile phone is also within the monitoring range of US intelligence agencies. The German Chancellor called the then US President Barack Obama, calling it a "serious breach of trust".

△ Three former presidents of France who were monitored and monitored by the United States

　　In June 2015, Wikileaks revealed that the US National Security Agency had monitored three French presidents from 2006 to 2012, which caused an uproar in France. At that time, French Prime Minister Vals said in a parliamentary question that this kind of monitoring behavior seriously trampled on the relationship between France and the United States and the spirit of trust on which the two countries depended.

　　The documents exposed by Wikileaks also show that the National Security Agency even wrote a detailed report based on the monitored information. It is said that French President Nicolas Sarkozy, who was elected in 2007, knew that the United States was eavesdropping on himself. At that time, French Ambassador to the United States Vermont expressed dissatisfaction with the United States during Sarkozy’s visit to the United States in 2010. The US National Security Agency wrote in the report, "Although he expressed dissatisfaction, the United States will continue to eavesdrop on France, and this policy will not change."

　　In recent years, the United States has always adhered to this monitoring policy. In August, 2020, according to Danish media reports, the National Security Agency of the United States can freely obtain the original Internet data including Danish citizens’ private information through the Danish Defense Intelligence Agency. In November, Danish media reported that the United States had carried out espionage activities against the Danish government, its defense industry and other European defense contractors in order to obtain information on fighter procurement plans of relevant countries.

　　Analysts pointed out that the latest scandal has once again exposed the hegemonic mentality of the United States, which continues to monitor its European allies to safeguard its own interests. This will bring new challenges to the efforts of the United States and Europe to repair relations, and the deep rift left by the "US priority" policy on transatlantic relations will become more and more difficult to bridge.

　　Producer: Jiang Qiuyong

　　Reporter Hao Xiaoli Zou Heyi Yu Peng Ruan Jiawen

　　Editor Li Xia

This article is uploaded and published in The Paper by the author or organization of the number 澎湃, which only represents the author’s or organization’s point of view, not The Paper’s point of view or position. The Paper only provides an information publishing platform. Please visit https://renzheng.thepaper.cn by computer to apply for the Surge.

　　Hengyang is rich in agricultural resources, which is a big agricultural city in Hunan Province. In December, 2021, the promotion of "three products and one standard" in provincial agricultural production sounded the horn of assembly in the whole province. In March this year, the promotion of "three products and one standard" in Hengyang agricultural production officially kicked off.　

　　Agriculture returns to nature, and green grows in the heart. "Hengyang City is based on the requirements of’ quality agriculture, green agriculture and strong brand agriculture’, and strengthens green orientation, standard guidance and quality and safety technical support." The main person in charge of the Municipal Party Committee said that the agricultural production and the "three products and one standard" action of agricultural products should be promoted as a whole, that is, variety cultivation, quality improvement, brand building and standardized production should be promoted in production methods. In terms of agricultural product quality, we will develop green food, organic agricultural products, geographical indication agricultural products, implement the qualified certificate system for edible agricultural products, optimize agricultural production structure and product structure, and improve the level of green, high-quality, characteristic and brand of agricultural products.

　　Little day lily, get rich "shake the money grass"　

　　In Qidong County, improved variety breeding of day lily has become the first choice for improving quality and increasing yield.

　　"In recent years, Jidong County has organized Jin Xuan Biotechnology, Anmin Agricultural Technology and other enterprises to breed 20 new varieties of early-maturing and late-maturing daylily with high quality, high yield and high resistance." The person in charge of Qidong county government said that among them, new varieties such as "Anminhua Sanyuexiang", "Anminhua No.2" and "Anminhua No.7" have the characteristics of long picking time, high yield and good resistance.

　　It is understood that last year, Shanghai Universities of Applied Sciences Hunan Hemerocallis Research Institute and Hunan Hemerocallis Research Institute seedling breeding base were completed and put into operation in Hengyang City.

　　"At present, there are 70 strains, 129 varieties and more than 5 million seedlings in the seedling breeding base." According to the main person in charge of Hengyang Municipal Government, in recent years, Qidong County has built three new seed breeding bases, collected and introduced 310 edible and ornamental daylily varieties (germplasm resources) at home and abroad, and built the largest edible daylily germplasm resource bank in China.

　　"In July last year, the daylily seeds provided by Jidong County took the Shenzhou 12 spacecraft and carried out a three-month space mutation breeding work." According to the person in charge, Hengyang City has bred 10 new varieties with super high yield, high quality, high adaptability and unique quality. The picking period of day lily extends from May to July to April to September every year, and the yield per mu of high-yield varieties can reach 3,000 kilograms. This year, the county sold 40,000 tons of daylily, achieving a sales income of 2.6 billion yuan. Daylily has become a "money-shaking grass" for farmers to increase their income and get rich.

　　Where is the agricultural product good? Hengyang has good quality.　

　　"The appearance of’ Hengyang Xianghuang Chicken’ is mainly marked by yellow hair, yellow mouth and yellow feet. The meat is tender and smooth, the skin is crisp and thin, the muscles are tight and elastic, the taste is delicious, nutritious and nourishing, and the medicinal value is extremely high." The main person in charge of Hengyang Municipal Government introduced that it enjoys a high reputation in Guangdong, Guangxi, Hong Kong and Macao markets.

　　During the "Fourteenth Five-Year Plan" period, Hengyang will focus on supporting and cultivating two or three leading enterprises with an annual output value exceeding 1 billion yuan to build the whole industrial chain of Xianghuang chicken. Strive to achieve the annual total output value of Hengyang Xianghuang Chicken industry exceeding 10 billion yuan in 2025.

　　Where agricultural products are good, Hengyang has good quality. The city attaches great importance to the work of "three products and one standard" of agricultural products (green food, organic agricultural products, geographical indications of agricultural products, and qualified certificates of agricultural products). Relying on superior natural resources and environment, based on characteristic advantageous industries, we have vigorously cultivated and developed the "three products and one standard" agricultural product certification, effectively improving the quality of characteristic advantageous agricultural products. As of October this year, Hengyang has certified 265 green foods, 11 organic foods and 8 geographical indications of agricultural products.

　　With Hengyang agricultural products at home, it is no longer difficult to adjust people’s opinions.　

　　On November 25th, the author came to Sanzhang Town, Hengdong County, which is known as the "No.1 Township of Yellow Pepper in China" for an interview. Liao Bolin, a poverty-stricken household in Linglin Village, who is over 70 years old, said with joy that this year, the village helped his family to transfer 2 mu of land to plant yellow pepper, producing 1,500 kilograms of yellow pepper and earning nearly 30,000 yuan annually.

　　"The ripe fresh fruit of’ Sanzhanghuanggongjiao’ is spicy and sweet, with thin skin and thick flesh, and crisp taste …" At present, there are more than 400 local food and beverage outlets in Hengdong County, and more than 500 specialty stores and chain stores have been opened all over the country. There are more than 100,000 employees in the local vegetable industry chain, and the output value of the local vegetable industry chain reaches 3 billion yuan.

　　"There are Hengyang agricultural products at home, and it is no longer difficult to adjust." The person in charge of Hengyang Agricultural and Rural Bureau introduced that nowadays, the brand building of Hengyang agricultural products presents a diversified development pattern.

　　-"Two yellows, two teas and one flower" has obvious characteristics. Eight agricultural products, such as "Sanzhanghuanggongjiao", were registered as national geographical indication agricultural products, Hengyang Camellia oleifera China featured agricultural products advantage area was recognized as the third batch of China featured agricultural products advantage area, "Nanyue Yunwu Tea" was rated as "Top Ten Famous Tea in Hunan" and "Qidong Daylily" was rated as the top ten public brands in Hunan Province.

　　-"One county, one special" is in good shape. Hengnan County, Changning City and leiyang city City aim to develop the oil-tea industry, while Hengdong County highlights the yellow pepper industry and Qidong County takes the day lily industry as the leader. Hengyang County and Hengshan County focus on Hunan yellow chicken industry, Nanyue District develops tea industry, Yanfeng District, Shigu District and zhengxiang district City focus on vegetable industry, and Zhuhui District focuses on radish industry. Regional public brands include Qingquan Farmer in Hengnan County, Hengshan Shanpin in Hengshan County and Tashan Shan Lan Tea in Changning City.

　　-"One village, one product" is full of vitality. Zanthoxylum bungeanum fragrance floats to get rich. In Liuhe Village, Lijiang Town, Hengnan County, a total of more than 2,600 mu of purple shale mountain area was planted with pepper trees. It is understood that as of mid-November this year, the village has planted 1,200 mu of pepper. Only this one, the village collective economic income increased by 100,000 yuan per year. The village has become the first village of pepper in Hengyang City.

　　"Industry is the cornerstone of sustainable rural development." The person in charge of Hengyang municipal government said that the city actively promoted "one village, one policy", created "one village, one product" and promoted the comprehensive revitalization of the countryside.

　　"At present, daylily in Huangtupu Town, Jidong County, Tashan Shan Lan Tea in Tashan Yao Township, Changning City, Zanthoxylum bungeanum in Liuhe Village, Lijiang Town, Hengnan County, poultry eggs in Lihua Village, Xialiu Town, Hengdong County, and wogan in Longfeng Village, Yonghe Township, Hengshan County have given full play to the advantages of local resources and enhanced the effect of linking agriculture with agriculture and increasing income."

　　"The quality of food, the characteristics of food and the safety of food"　

　　How to let the people eat high-quality food and safe food? This year, Hengyang City keeps a close eye on the people’s good expectations of "good quality, characteristics and safety". So, how is this action implemented?

　　—— In terms of variety cultivation, Hengyang will rescue and collect a number of rare, endangered, unique resources and characteristic local varieties; Carry out the purification and rejuvenation of local varieties such as Jinjialing radish, Sanchang yellow pepper, Hengshan red crisp peach, Changning slag-free ginger and Hengyang spoon white, speed up the purification and rejuvenation of local varieties such as pig in front of the temple, Hunan yellow chicken and Changyong turtle, and strengthen the purity and rejuvenation of the original varieties with the focus on domestication and breeding of indigenous fish; Accelerate the cultivation of rice varieties with low cadmium accumulation and short-season, cadmium-resistant and suitable cotton varieties.

　　-In terms of quality improvement, Hengyang City has accelerated the promotion of fine varieties, making the coverage rate of improved rice varieties in the city more than 99%, and the coverage rate of improved dry grain varieties over 90%; We will steadily promote the new rape varieties with high yield, high oil content and high oleic acid content, low erucic acid content and low glucosinolate content, and double resistance (disease resistance and lodging resistance), and the coverage rate of improved varieties will reach over 98%.

　　—— In terms of brand building, Hengyang City has stepped up its media promotion, and carried out regional public brand promotion and "one county, one special" brand public welfare promotion in the mainstream media. Make full use of the central agricultural fair, farmers’ harvest festival and other celebrations, as well as Hunan high-quality agricultural products exhibition center and exhibition hall to carry out brand promotion and marketing activities.

　　—— In terms of standardized production, in accordance with the requirements of "adopting standards with standards, creating standards without standards, and implementing standards in the whole process", we will speed up the management of standards in key links of production environment, input quality control, agricultural and veterinary drug residues, postpartum treatment, storage and transportation, product processing, and brand building, and promote the establishment of a standard system for the whole industrial chain of modern agriculture.

　　At the same time, Hengyang City promoted the improved varieties of tea clones, and the rate of improved varieties of tea clones in the city reached more than 70%. Vegetables are mainly connected with Guangdong-Hong Kong-Macao Greater Bay Area, and efforts are made to promote excellent new varieties such as "three products (leafy vegetables, melons and fruits, root vegetables) and four excellent products (day lily, taro, edible fungi, and processed peppers)".

　　"The Party’s Report to the 20th CPC National Congress proposed to give priority to the development of agriculture and rural areas." The main person in charge of Hengyang Municipal Committee said that the standardized production level in Hengyang will be continuously improved, and the pilot project of improving the quality of farmers’ cooperatives will be implemented in five counties, and the agricultural socialization service will be piloted in five counties, and 35 municipal demonstration regional agricultural socialization comprehensive service centers will be built, two standardized production bases for green food raw materials will be built, and 20 standardized demonstration fields for livestock and poultry breeding will be created.

　　"During the Tenth Five-Year Plan period, Hengyang will build a well-known agricultural brand, promote the comprehensive green transformation of agriculture, and provide strong support for comprehensively promoting rural revitalization and accelerating agricultural and rural modernization in Hengyang."

Original Ruan Guangfeng Chihuo Institute

Oil can be said to be an essential ingredient in China kitchens. Go to the supermarket to buy an edible oil, and when you look around, you can see a large area of gold, soybean oil, peanut oil, sunflower oil, olive oil … which one should you buy?

1. Prefer vegetable oils, such as double-low rapeseed oil, peanut oil, olive oil, etc., but it is recommended to change the types of oils frequently instead of eating only one.

2. Eat less oil with high saturated fat, such as lard, butter, butter and other animal oils, but if you usually eat less meat, eggs and milk, it is ok to eat some animal oil.

3, daily use, home cooking, rapeseed oil, peanut oil, soybean oil, etc. can meet the demand; When cooking at high temperature (fried chicken, grilled fish), choose animal oil or high oleic acid grease.

4, no matter what kind of oil, eat less, generally 25-30 grams of oil per person per day (about 2-3 spoonfuls of white porcelain).

01

Let’s learn about fatty acids first

/Three structures of fatty acids/

To choose the right fat, we must first start with the structure of fat. From the chemical structure, the aliphatic family is the product of three fatty acid molecules connected to the glycerol skeleton. Different fatty acid molecules connected together constitute different fats.

Fat molecule

Generally speaking, we can divide fatty acid molecules on fat into three categories:

Monounsaturated fatty acid: A fatty acid has a double bond in its molecule. Double bonds are "unsaturated" chemical bonds, and two hydrogen atoms can be added to them to become saturated fatty acids.

Polyunsaturated fatty acids: Fatty acids have two or more double bonds in their molecules.

Saturated fatty acids: Fatty acids with saturated bonds without unsaturated double bonds in their molecules.

Some people will say that you forgot trans fatty acids! Most trans fatty acids come from food processing, and there are few naturally occurring ones, so we won’t discuss them here.

Different fatty acids make up oils and fats, and the nutrition and use performance of oils and fats will also vary greatly. First of all, we generally think that fat with a high proportion of saturated fat is unhealthy, because saturated fat will increase the risk of cardiovascular disease. ω-3 and ω-6 fatty acids, which are often praised in nutrition, are both unsaturated fatty acids.

The red bar is the proportion of saturated fatty acids, and the longer the red bar is, the more saturated fatty acids there are.

Secondly, the proportion of fatty acids also affects the heat resistance and stability of oil. The more unsaturated fatty acids, the more heat-resistant the oil is and the easier it is to oxidize. The more saturated fatty acids, the more heat-resistant and less prone to oxidation.

02

How to choose oil healthily?

/Look at fatty acids and cooking methods/

When choosing oil, the most important thing is to look at the fatty acid ratio of oil.

Preference is given to vegetable oil

Common animal oils, such as lard, butter and butter, are high in saturated fat and should be eaten less. However, although they are not good for health, it does not mean that they can’t be eaten at all, nor does it mean that animal oil is necessarily bad. If you usually eat less meat, eggs, milk, etc., it is relatively reasonable to have some animal oil; But if you always eat big fish and big meat and eat a lot of animal oil, it is not appropriate.

Usually big fish and big meat, don’t eat more animal oil.

Common vegetable oils, such as rapeseed oil, corn oil, olive oil, soybean oil and peanut oil, have a low proportion of saturated fatty acids and are relatively healthy. And if you choose rapeseed oil, give priority to double low rapeseed oil, that is, rapeseed oil with low glucosinolate and low erucic acid. Of course, no fatty acid of vegetable oil is perfect. From a health point of view, it is recommended that you don’t just eat one kind of oil, and often change the type of oil and eat different oils. It should be reminded that some vegetable oils, such as palm oil and coconut oil, have a high proportion of saturated fat, so eat less.

Coconut oil is high in saturated fat, so eat less.

Choose animal oil or high oleic acid oil for high temperature cooking.

Oil will have some adverse reactions at high temperature, which will produce many substances that are harmful to human health and may increase the risk of cardiovascular disease and cancer. Therefore, we should try to choose those oils that are not so afraid of heat.

When cooking at high temperature, such as fried chicken and grilled fish, you should try to choose animal fats such as lard, butter and butter, which have a high proportion of saturated fatty acids and are relatively heat-resistant.

Lard is high in saturated fat and can resist high temperature.

Among the three oils, safflower oil, olive oil and tea seed oil, the proportion of oleic acid is high, and they are also relatively heat-resistant. Olive oil contains more than 70% oleic acid, which can be used to make food such as stir-frying and frying.

Olive oil can also be fried and stir-fried.

Olive oil, sesame oil, linseed oil and other unique oils are used for cold salad.

Extra virgin olive oil, linseed oil and sesame oil have unique fragrance and are rich in unsaturated fatty acids, so they are more suitable for cold salad or salad.

Olive oil is also suitable for cold salad.

Rapeseed oil, peanut oil and soybean oil can be used for cooking.

These oils have moderate heat resistance and healthy fatty acid ratio, and can be used for daily use, such as the most commonly cooked stir-fry in home cooking.

Rapeseed oil, peanut oil and soybean oil can all be used for daily cooking | Figure worm creativity

03

Less oil is the healthiest

/You can’t eat too much oil/

Finally, I still want to remind you of the most important point: no matter what kind of oil, even olive oil, linseed oil, perilla oil, etc., which are popular now, they are still fats and cannot be eaten more. Now we all advocate less oil, but to what extent is it healthy? How much oil is better to eat every day?

According to the latest recommendation of China Residents’ Balanced Diet Pagoda, the average person cooks 25-30 grams of oil every day, which is about 2-3 spoons of white porcelain. As long as you eat so much oil, there will be no "quota" for other fried foods in a day, so you should try not to eat them.

Don’t eat other greasy food after eating fried chicken.

Of course, "less oil" doesn’t require you to do it in one go. After all, years of habits can’t be changed just by changing. It can be done step by step in some ways: for example, frying instead of frying; Try not to use oil or less when steaming, boiling, stewing and stewing; Use a quantitative oil pot, etc.

Title: flickr/Huang Yuting

What kind of oil do you like to eat?

Original title: "Rapeseed oil, soybean oil and olive oil, which oil should I choose?" 》

Read the original text

[car home Tianjin Preferential Promotion Channel] Recently, we learned from the dealers in Tianjin that a large preferential promotion activity is being carried out, and the highest preferential amount has reached an astonishing 200,000 yuan! At present, the minimum starting price of this model has dropped to 662,000 yuan. If you are interested in this high-performance electric car, you may wish to click "Check the price of the car" in the quotation form to get a higher discount.

The design of Mercedes-Benz EQE AMG is characterized by sports and sense of technology. The front face adopts a classic family-style design with a huge air intake grille, which shows a strong sporty atmosphere. The overall shape is smooth and dynamic, and the body lines are simple and clear, showing a luxurious and fashionable atmosphere.

Mercedes-Benz EQE AMG has a length, width and height of 4969*1906*1493mm and a wheelbase of 3120 mm. The overall lines are smooth and elegant, and it is sporty. The front and rear tyre size are 265/40 R20 and 295/35 R20, respectively, with 20-inch rims, showing unique style and high performance characteristics.

Mercedes-Benz EQE AMG’s interior design combines luxury and technology. The interior style is simple and atmospheric, with high-quality materials and exquisite craftsmanship. The steering wheel is made of genuine leather and Alcantara/ suede, which feels comfortable and has a certain sense of movement. It is equipped with electric up and down+front and rear adjustment function, which is convenient for drivers to adjust according to their personal needs. The center console is equipped with a 17.7-inch touch screen, which integrates multimedia system, navigation, telephone, air conditioner, skylight and other rich functions, supports voice recognition control, and improves the convenience of operation. The front seats are made of luxurious leather and leather/suede materials, which have heating and ventilation functions, and are also equipped with electric seat memory function, so that the driver and the passenger in the co-pilot seat can save the seat adjustment position according to their personal preferences. The rear seats are in the form of proportional tilting, which can be flexibly adjusted according to actual needs to meet different riding or storage needs. In addition, the car is equipped with multiple Type-C charging interfaces and USB/Type-C interfaces, which is convenient for passengers in the front and rear rows to charge electronic equipment. The front row is also equipped with mobile phone wireless charging function, so that drivers can easily charge their mobile phones. Generally speaking, the interior of Mercedes-Benz EQE AMG shows Mercedes-Benz’s consistent high quality and sense of technology, bringing passengers a comfortable and convenient driving experience.

Mercedes-Benz EQE AMG engine has powerful power performance, with a maximum power of 460 kW, providing excellent power output for drivers.

Mercedes-Benz EQE AMG is an electric car that combines luxury, performance and innovation. Its excellent driving experience and advanced technical configuration undoubtedly bring unprecedented enjoyment to consumers. In order to give back to the consumers’ long-term support for the Mercedes-Benz brand, we specially launched a limited-time price reduction promotion. Now, if you buy Mercedes-Benz EQE AMG, you can not only enjoy more benefits, but also get a series of additional benefits and services. This promotion is a rare opportunity. We look forward to your coming to personally experience the unique charm of Mercedes-Benz EQE AMG and start a driving journey full of passion and technology.

1905 movie network news Recently, it is reported that Gu Zhiguo, a "post-95 s" boy from Suzhou, played a leukemia patient in a movie when he was a sophomore. This experience gave him a deeper understanding of leukemia.In 2022, Gu Zhiguo joined the Chinese Bone Marrow Bank. After a lapse of one year, Gu Zhiguo successfully matched a patient, and he did not hesitate to sign the Consent for Donating Hematopoietic Stem Cells, which will send hope to the patient.

Netizens have praised: "The positive impact of this film is really a lot" and "Positive energy guy, I wish him a good life"!

Today, Brother Miao will report to you that my brother has been using this Star Age ET for three months.

appearance design

First of all, from the appearance, it belongs to the eye-catching type. At first glance, it may not be amazing, but after watching it for a long time, it will be quite good and classic. In terms of size, a 5-meter car with a 3-meter wheelbase has a large space, especially in the back row, which is well received by my family, especially my parents.

The back row is not only spacious, but also the angle of the back row can be electrically adjusted, which really improves the comfort of family members for long-distance travel. The whole cortex is skin-friendly, and what I like most is that the interface of the child safety seat is designed very conveniently, and a hook and loop is used, which can be easily connected when it is lifted.

Besides space and comfort, I want to focus on odor control.

The zero-formaldehyde model is really not covered. It has been more than three months since the new car, and it has basically experienced the hottest time in Changsha. There is basically no smell in this car. This is really conscience.

Tailbox space

Then let’s take a look at the trunk space, which is also necessary to talk about. It has a lot of space in the trunk, which is what my parents especially like every time they go back to their hometown. The native products of my hometown, chickens and ducks are completely piled in, and I can always pack them.

Moreover, the two rows of seats in the back are all controlled by electric adjustment and leveling. After leveling, I am completely asleep now. I am away from the front seat, and my two arms are completely lifted, so I can get close to the seat back of the front seat, so this body size and space are enough for home use.

Interior design

Of course, these are all from the perspective of car use, so what about the driving quality of our car? Let me talk to you, too.

After getting on the bus, I know that many friends will ask Brother Miao a question, that is, the center console of this car is disconnected. Is it good or not? It feels so weird, and its two screens are staggered and not in line.

At first, I thought so, too. It might be uncomfortable for these two screens to be staggered.

But in fact, after you really opened it, this central control place was disconnected. As for whether it is advanced or not, I think it is a matter of different opinions.

As for whether it works or not, I’ll tell you that it does work, especially in narrow places, when parking, it’s convenient to walk to the co-driver.

Design of central control lathe

Second, the two screens are staggered, including the steering wheel, which is not round. At first glance, your inertial thinking feels uncomfortable, but in fact, after you really use it. Because its steering wheel is relatively small, it can take care of the upper and lower spaces after it is non-circular.

Moreover, the instrument is not under the steering wheel, but above the steering wheel, so that when you drive, the instrument is basically in front of you, which is somewhat similar to the effect of head-up display. It’s just that if the central control screen is used, after its angle is lowered, if you like to watch the central control screen when driving, you may really need to get used to it, but when driving like me, I don’t look at the central control screen very much, so just look at the instrument.

And the application inside the car machine, to meet our navigation, listening to songs, watching videos and so on, basically there is no big problem. In addition, some friends have asked me that this dashboard is wide at one side and narrow at the other. Does the black edge have any influence? No influence.

Therefore, regarding the design of its interior, I don’t think we should listen to the online talk about this place. If we don’t think it will work, we won’t go to see it. I think a car, you really have to test drive it yourself, and test drive it a few times more, you will find that you may not care about what others say online.

Power and chassis

I won’t talk about the power of this car, Star Age ET. To be honest, the power of this place, because at present, like this new energy vehicle, its power is surplus.

I want to focus on the chassis. It’s CDC plus electromagnetic suspension. Although it will look up when you press the accelerator, Cullinan will also look up, but its chassis, first feedback, is comfortable. Because my brother’s car is equipped with air suspension, of course, the difference between air suspension and no air suspension is quite big.

The most important thing is that a car body can rise and fall, and the second thing is that when it crosses a bad road, its tiny vibration will be more resolved.

However, there are also disadvantages, that is, after you choose air suspension, you feel that the car is not so clear when driving.

But generally speaking, the chassis of Star Age ET is comfortable, and if you say that you have relatively rich driving experience at ordinary times, after you come up, you feel that its chassis is tight.

Even when I changed the line in an emergency, the posture of the whole car body was controlled in place. Therefore, this set of chassis is a set of chassis that I think is currently in place in this industry and made in China.

Sense of speed and carsickness

In addition, I also want to emphasize that the speed sense of this car will actually give you a little error. Maybe the chassis of the whole vehicle is really adjusted in place, and it is easy to overspeed if you are not careful. Just after the speed is up, you feel that the speed is not so fast, but in fact it is already up.

And for people who have carsickness at home, I want to focus on this point, because my mother belongs to a particularly carsick constitution, but my mother said that she would not get carsick in this car.

I feel that when we are considering new energy, especially now, if there is motion sickness in family members, then we must focus on a deep test drive.

Of course, because of this car, its overall chassis is slightly lower. Therefore, after getting on the highway, its whole vehicle is prone to the ground, which is actually good.

Let me describe it to you this way, that is, on the high speed, even if you run above 120, when you overtake, you are as steady as an old dog and lie on the ground tightly.

Fuel consumption and endurance

In terms of fuel consumption and battery life, in fact, its pure battery life is relatively real. I tested it on the high speed last time, which exceeded my expectation. Even on the high speed, it can run to about 12% before it starts the engine.

At that time, the endurance achievement rate could reach more than 80%, and I think this really scared me. Because it is an SUV, it is really a good data to reach this pure battery life achievement rate at high speed.

In addition, when you are in a state of power loss, the engine is basically insensitive when it is involved. And in fact, if it loses electricity, its fuel consumption is not high. You can look at the overall data. It took almost three months to pick up the car and then ran more than 6,000 kilometers.

Then we can see that the overall power consumption is more than 11 per 100 kilometers, and the oil consumption is less, and the fuel consumption is 1.9 liters per 100 kilometers. So overall, the cost of using this car is actually relatively low.

Although this version does not have intelligent driving, it does have L2 driver assistance.

In urban areas, this full-speed adaptive cruise can achieve basic intelligent driving ability, even on high-speed and expressway, and the overall performance is ok, and the availability is still relatively high.

summary

Generally speaking, many friends may choose to extend the journey of the car ET.

Because it costs more than 200,000 yuan to buy such a big car, many times the problem of home use is considered, but if the journey is extended, it should give you face and foundation.

Although it doesn’t look so amazing at first glance, it definitely belongs to the kind that is suitable for living. In this car, I feel the Star Way, as a high-end brand of Chery, and the Star Age is also a high-end series of Star Way. As Mr. Yin said, he really put in at no cost, and with the persistence of those science and technology men, of course, he buried the meat in the rice.

The scenery of Nailin Gaole grassland in Dongwuzhumuqin Banner, Inner Mongolia. Xinhua News Agency reporter Ren Junchuan photo

Employees check the milk packaging on the liquid milk production line of Yili Group in Hohhot. Xinhua News Agency reporter Peng Yuanshe

　　Based on ecological protection, Inner Mongolia has built a green development strategy, accelerated economic transformation and upgrading, optimized regional development layout and achieved high-quality development. Over the past 70 years, the economic scale of Inner Mongolia has been continuously expanded, the economic structure has been more reasonable, the growth momentum has been abundant and strong, the fiscal revenue has been steadily expanded, and various undertakings have made great progress.

　　In August, in Inner Mongolia prairie, sometimes the sky is high and the clouds are wide, the sheep are slow, the horses neigh, the camel bells jingle, and sometimes the rainbow is connected with the rain, and the grass gleams in the sunshine under the clouds — — This is the best season of the year, and it is the most beautiful scenery in the north of the motherland.

　　Regional ethnic autonomy in Inner Mongolia Autonomous Region was first realized in China, and it was praised as "model autonomous region" in 1950s. Since then, despite twists and turns, I have always been firm in my faith and devoted myself to development, and finally moved towards a prosperous, strong, beautiful and harmonious new life today.

　　Riding on a gallop to achieve takeoff

　　Over the past 70 years, the people of all ethnic groups in Inner Mongolia have worked hand in hand to forge ahead, always holding high the banner of great unity among ethnic groups, creating many first and valuable experiences in the history of ethnic work in New China, and writing historical stories such as "Qi Xin cooperated to build Baotou Steel", "3,000 orphans went to Inner Mongolia", "Overcoming difficulties and donating grain and livestock" and "The best pasture is aerospace". National unity is like the sunshine on the grassland, nourishing the happy life of brothers and sisters of all ethnic groups.

　　Over the past 70 years, the economic development of Inner Mongolia has achieved earth-shaking changes. In 2018, the total economic output and per capita GDP reached 1.7 trillion yuan and 68,000 yuan respectively, an increase of 595 times and 137 times compared with 70 years ago. Since the beginning of the new century, under the favorable situation of a series of preferential policies such as the national western development and the concentration of various development advantages in Inner Mongolia, the economy of Inner Mongolia has taken off, constantly catching up and surpassing, and the three industries have been constantly optimized and rational, from 76.7∶7.1∶16.2 in 1947 to 10.1∶39.4∶50.5 in 2018.

　　In 1959, Baotou Steel’s No.1 blast furnace was completed and the first beautiful iron flower flowed out, ending the history of being barren in the border ethnic minority areas of Inner Mongolia. Today, Baotou, the "Grassland Steel City", has the largest enterprises in Inner Mongolia, such as steel, aluminum, equipment manufacturing and rare earth processing, and has become the 20 most suitable cities for industrial development and the 50 best cities in the investment environment.

　　Ordos, which also regards industry as its backbone, has successfully embarked on a development path that deals with the transformation of industrial scale and industrial value chain, industrial specialization and diversification, and comparative advantage and competitive advantage from "one coal dominates" to industrial diversification. During the "Twelfth Five-Year Plan" period, the total industrial output of Ordos has always been the top spot in Inner Mongolia Autonomous Region, accounting for more than 30%.

　　The transformation and upgrading will spread a new picture of grassland culture in the whole region. Hohhot has become the largest cloud computing data center in China. With suitable climate, geographical conditions and abundant power supply, data centers have been built and put into use in Qingcheng, expecting Hohhot to become a "Cloud Valley of China".

　　With the development of economy and society and the remarkable improvement of people’s living standards, modern new cities have sprung up in the field of Senecio scandens. People bid farewell to the history of "adobe houses and Lele cars". Nowadays, most administrative villages in the whole region have achieved social undertakings such as no dangerous houses, safe drinking water, hardened streets and lanes, electricity, radio, television and internet, standardized clinics, cultural activity rooms and convenience supermarket chains, and all the permanent residents in agricultural and pastoral areas have been included in social undertakings such as old-age medical care and minimum living security. Some herders and hunters who have kept their traditional nomadic and hunting life have also realized household electricity supply. Residents in agricultural and pastoral areas are no longer satisfied with eating and drinking enough, but are considering how to be greener and healthier … …

　　Ecological priority of Chunhua Qiushi

　　Inner Mongolia spans northeast, north and northwest. This vast land, where forests, grasslands, wetlands, rivers, lakes, deserts and other natural forms coexist, is the largest and most complete ecological function area in northern China and an important ecological defense line in the "Three North" region.

　　Ecological priority and green development have become the strategic arrangements for the development of Inner Mongolia in the new period. On the one hand, the whole region actively explores the establishment of a sustainable ecological environment protection system, on the other hand, it integrates the construction of ecological civilization into the development process of various undertakings. Green has not only become the background color of Inner Mongolia’s ecology, but also become the concept of development in all walks of life.

　　In summer, Xilin Gol grassland is rich in water plants, and snow-white sheep stroll in the depths of the grassland like pearls, attracting countless tourists to visit.

　　After years of practice, in 2019, the total area of grazing suspension in Xilin Gol League reached more than 220 million mu, and more than 160 million yuan of grazing suspension subsidies were granted to farmers and herdsmen. Grazing moratorium has been a task that must be resolutely implemented every year on the grassland. Protecting green is the greatest responsibility and has the greatest potential. RiGen Wu Bajard, deputy director of Ximeng Ecological Protection Committee, said: "The implementation of grazing suspension during the green-returning period in spring can effectively avoid the problems of grassland productivity decline and population degradation caused by premature grazing and trampling of pasture growing points by livestock, and can also prevent livestock from running green in spring and reduce the fat loss rate, which is conducive to the transformation of traditional animal husbandry production mode to modern animal husbandry management."

　　"With subsidies, it is better. Even without subsidies, we have to do a good job of grazing." Renhua Na, a herdsman in Narenbaolige Gacha, Arshanbaolige Town, Xilinhot City, actively reduced the number of sheep to more than 200, but the number of cattle increased to more than 50.

　　There are fewer sheep because herders have adjusted the herd structure, promoted the structural reform of the supply side of animal husbandry under the guidance of the local government, and vigorously implemented the strategy of "reducing sheep and increasing cattle". Through the grazing moratorium, Renhua Na was delighted to find that, despite a significant increase in income, the grassland has also been significantly restored. Last autumn, the grass planted in his own grassland was enough for his own livestock, and some of it was sold.

　　Hulun Lake is a pearl on Hulun Buir grassland. Near the east coast, there is a comprehensive ecological environment management and demonstration area in Hulun Lake basin, and three kinds of seedlings, Achnatherum splendens, Leymus chinensis and Artemisia chabaga, grow alternately on the sand.

　　In the spring of 10 years ago, what the reporter once saw here was that the primary grass buds were covered with white snow, and the eyes were full of yellow sand, but now it is very different. "Because there are many winds along the coast of Hulun Lake, the survival rate of seedlings planted before is less than half. After planting seedlings last year, irrigation after cultivation was carried out with micro-spraying belt. " Jiang Zhiguo, director of the Hulun Lake National Nature Reserve Administration, said, "After ecological management, the problem of sand being blown into the lake can be reduced."

　　Water environmental pollution, the problem is in the water, the source is on the shore, and the root is in the industry. A series of comprehensive ecological management such as Hulun Lake, Daihai Lake and Wuliangsuhai Lake is not only the improvement of water quality, but also a green development road focusing on transformation.

　　The high-quality development of Inner Mongolia is based on the protection of ecology and the construction of a green development strategy. After years of development, the whole region has fully realized that the relationship between economic development and ecological environment protection should be correctly handled, and temporary economic growth should never be exchanged at the expense of the environment. Only by taking greening as the guide, accelerating economic transformation and upgrading, and optimizing regional development layout can we build an important ecological security barrier in northern China.

　　To this end, Inner Mongolia insists on promoting industrial upgrading, guiding, encouraging and supporting the extension of resource-based industrial chains, and actively developing non-resource-based industries; Make the scale of green industry bigger and stronger, and gradually build an efficient, clean, low-carbon and circular green development industrial system; Build a market-oriented green scientific and technological innovation system, coordinate superior scientific and technological resources, overcome technical bottlenecks, and build basic research — Technology research and development — The ecological comprehensive management system of industrial development provides scientific and technological support for ecological priority and green development; Strengthen the control of water, soil and air pollution, make comprehensive policies, make up for shortcomings, and provide resource guarantee for the ecological priority green development of the whole region. (Economic Daily China Economic Net reporter Yan Rong Chen Li)