On 5 May, the Chinese nuclear-weapon group for the clean-up of nuclear power plants Nos. 5 and 6 was officially approved for completion by our three-generation nuclear power-related technology, the first global phase of the Chinese nuclear-weapon-free zone.

It is understood that the first global set-up of the Walloon was launched in 2015 and fully completed in 2022. The completion of the engineering project is the final work series of the construction-building process and the final line for a comprehensive assessment of the results of the construction work, the inspection of whether the construction was in accordance with the design requirements and the quality of the works. Since the launch of the nuclear power plant No. 5, 6, has been completely tested by the first fuel cycle, ampling out the safety, advanced and mature nature of the Wallone technology.

To date, the Group’s six nuclear power plants have accumulated more than 25 billion nuclear power generation in safety, with a reduction effect equivalent to a cumulative saving of 78 million tons, a reduction in carbon dioxide emissions of 200 million tons and afforestation of approximately 1.7 billion hectares. Of these, two sets of global pilot projects, the Gulf of Guinea I, generate 20 billion per year, equivalent to a reduction in standard coal consumption of 62.4 million tons per year, a reduction in carbon dioxide emissions of 16.32 million tons per year, a plantation of 140 million hectares with significant socio-economic and environmental effects, play an important role in optimizing our energy structure, promoting green low carbon development and contributing to carbon peaks.

At the receiving and inspection meeting, the Central Nuclear Group General Manager, the Deputy Secretary-General of the Party indicated that the Group would make a new starting point for the completion of the project, with full commitment to the construction of the Walloon, the operation of the electric power plant, the active promotion of high-quality development in the nuclear industry and a new and greater contribution to the modernization of the Chinese model and the achievement of the great revival of the Chinese nation.

Further details

United Nations Voluntary Fund for Victims of Torture

The first global demonstration of Waone1 was completed and tested

Audit: Brunei

Consumption should pursue a better life rather than simple possession of materials, which is the embodiment of good expectations for China’s future. Therefore, it also needs to be relatively cautious in promoting credit consumption.

According to the latest data of the National Bureau of statistics, the total retail sales of social consumer goods reached 32 trillion yuan, a year-on-year increase of 9.3%; The year-on-year growth rate in September was 9.2%, 0.2 percentage points higher than that in August.

In the first three quarters, the contribution rate of final consumption expenditure to economic growth reached 78%, an increase of 14 percentage points over the same period last year. It can be said that consumption has become one of the main driving forces of China’s economic growth.

Not long ago, the government issued documents related to consumption, proposing to further enhance the importance of consumption, encourage consumption and optimize the consumption environment. With the advent of double 11, the feast of national consumption is opened again.

What’s the meaning of double eleven?

For Chinese consumers, the double 11 Carnival means the rise of online shopping,.

The early double 11 plan mainly aimed at college students. These people are used to the convenience of online shopping in college. After entering the society, they have become important fans of online shopping, promoted online shopping from niche to mainstream, and become one of the main channels of social consumption, improved the contribution of consumption to the economy, and inversely stimulated the rise of a number of emerging consumer brands. Such brands can be found everywhere in the past decade.

Of course, it has also stimulated the development of e-commerce industry and even the whole Internet industry, made China’s economy take on a new look, had a new growth point, cultivated a large number of middle classes with stronger consumption power, and formed a good social style and benchmark to encourage hard work.

From a historical point of view, ten years ago, double 11 was just a key time point.

In 2008, China was facing the impact of the economic downturn and the international financial crisis, and large-scale infrastructure plans began to start, driving the economy. The rapid development of online shopping channel has revitalized the production resources of manufacturing enterprises and stimulated domestic demand. The rapid progress of double 11 over the years corresponds to the rapid development of China’s economy and the continuous start of people’s consumption ability.

In terms of social consciousness, the mainstream group in the early stage of online shopping is the young people after 80. They lack the experience of material scarcity and take consumption as an important aspect to prove their existence value. At the same time, with economic development and social stratification, conspicuous consumption or comparative consumption began to appear, which is divorced from the tendency of the previous generation to pay attention to saving and curb consumption.

It is the rendering of the double 11 that makes consumption become a mainstream. Encouraging consumption and positive affirmation of consumption have become the universal consciousness of society, and advanced consumption and phased consumption have also begun to appear.

How will the future evolve?

The 19th national congress pointed out that the main contradiction in current society is the contradiction between the people’s growing demand for a better life and unbalanced and insufficient development. The reason why buying toilet covers in Japan has become a trend is that people’s yearning for a better life is limited by the current imperfect supply.

Therefore, the consumption quality needs to be continuously improved. As a consumption festival in China, the double 11 needs to continue to maintain and continuously improve the quality at present.

However, from the increasingly fierce discussion on consumption degradation in recent years, the decline in the growth rate of double 11 turnover may be a trend. With the maturity of consumption awareness, people’s judgment of product value will be more mature, and consumption upgrading and consumption degradation will coexist.

At the same time, there is another phenomenon worthy of attention. By the end of 2017, about 280 million people in China had credit cards, but the number of new cards issued in 2017 was as high as 123 million! Accounting for 44%. At the same time, more and more people are not paying back their credit cards. The overdue amount of credit cards was less than 40 billion in 2016 and 71.1 billion in 2017.

According to the general situation of the operation of the payment system in the first quarter of 2018 issued by the central bank, the number of credit cards and credit cards issued in one has further expanded to 612 million, the average credit line of bank cards is 21500 yuan, and the credit utilization rate is 44.17%.

In addition, there is the rapid development of online cash loans, which constitutes a channel other than credit cards, resulting in the phenomenon of supporting loans with loans, and users continue to sink to people who do not have the corresponding ability to pay, especially in university campuses or counties, causing a lot of problems.

So how should the future change?

First of all, the author believes that some changes should be made to the current consumption culture. From the publicity documents of some enterprises in previous years, it is suspected that consumerism is too glorified. However, consumption should pursue a better life, rather than simple possession of materials, which is the embodiment of good expectations for China’s future. Therefore, it also needs to be relatively cautious in promoting credit consumption.

Second, future consumption should be more about global buying and global selling. Let the global good things better enter China, and let Chinese products better enter the world. In this way, we can promote the quality upgrading of Chinese products and learn from the advanced practices of foreign enterprises under the pressure of global competition.

Third, consumption should be better reflected not only in consumption, but also in personal investment. Investment and consumption can evolve in many ways. If consumption is guided to the promotion of personal human capital, it will have long-term returns both from the social level and from the personal level.

This also depends on various platforms to develop better products and conduct consumer education, so as to better integrate the consumption of tangible products and intangible products. For example, knowledge payment, which has been popular since 2017, reflects this trend.

Fourth, online and offline will jointly form a community to promote the development of new retail. In recent years, the trend of online and offline integration is very obvious. Alibaba and jd.com have entered offline through investment or cooperation, and offline retail is also actively exploring and online cooperation.

This year’s double 11, the popularity offline is also very obvious. With the help of big data of new technologies, offline experience advantages can complement online advantages, so as to make consumption a better thing.

(introduction of the author: doctoral candidate in Economics