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        <title>Peter</title>
        <link>https://paragraph.com/@peter-26</link>
        <description>Wake up, beauty. It’s time to beast.</description>
        <lastBuildDate>Sun, 26 Jul 2026 11:54:16 GMT</lastBuildDate>
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        <language>en</language>
        <copyright>All rights reserved</copyright>
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            <title><![CDATA[Formal publication of the study on the market for the improvement of State housing services in 2022 - new waves]]></title>
            <link>https://paragraph.com/@peter-26/formal-publication-of-the-study-on-the-market-for-the-improvement-of-state-housing-services-in-2022-new-waves</link>
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            <pubDate>Fri, 12 May 2023 13:33:58 GMT</pubDate>
            <description><![CDATA[On 7 January, a new wave home study published the National Market for Renovation Services in 2022, a multi-dimensional analysis from home, public order, property, customization, sale, giants, etc., and a retrospective of the current business environment, the business strategies of various business groups, with a neutral perspective, export the core ideas of existing competition patterns.]]></description>
            <content:encoded><![CDATA[<p>On 7 January, a new wave home study published the National Market for Renovation Services in 2022, a multi-dimensional analysis from home, public order, property, customization, sale, giants, etc., and a retrospective of the current business environment, the business strategies of various business groups, with a neutral perspective, export the core ideas of existing competition patterns.</p>]]></content:encoded>
            <author>peter-26@newsletter.paragraph.com (Peter)</author>
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            <title><![CDATA[Zhengzhou issued Notice No. 66: part of Erqi District was unsealed]]></title>
            <link>https://paragraph.com/@peter-26/zhengzhou-issued-notice-no-66-part-of-erqi-district-was-unsealed</link>
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            <pubDate>Sun, 15 May 2022 17:38:23 GMT</pubDate>
            <description><![CDATA[COVID-19 prevention and control headquarters office of Zhengzhou City Notice on unsealing of some areas According to the current situation of epidemic prevention and control in Zhengzhou, with the consent of the Xinguan pneumonia epidemic prevention and control headquarters in Zhengzhou, some areas have been unsealed, and the notice is as follows: 1、 Erqi District From 0:00 on April 24, 2022, the sealing management of the following areas will be lifted: Building 1, zhaihuayuan North District,...]]></description>
            <content:encoded><![CDATA[<p>COVID-19 prevention and control headquarters office of Zhengzhou City</p><p>Notice on unsealing of some areas</p><p>According to the current situation of epidemic prevention and control in Zhengzhou, with the consent of the Xinguan pneumonia epidemic prevention and control headquarters in Zhengzhou, some areas have been unsealed, and the notice is as follows:</p><p>1、 Erqi District</p><p>From 0:00 on April 24, 2022, the sealing management of the following areas will be lifted:</p><p>Building 1, zhaihuayuan North District, Yuanlu, No. 30 Ruhe Road, Luzhai community, Huaihe Road sub district office.</p><p>From 0:00 on April 24, 2022, the following areas will be deregulated:</p><p>Huaihe Road sub district office Luzhai community No. 30 Ruhe road yuanzhaihuayuan North District.</p><p>2、 Other sealing and control areas remain unchanged.</p><p>It is hereby notified.</p><p>Everyone is the first person responsible for their own health. At present, the domestic epidemic is spreading in many places, the epidemic situation in some areas is still running at a high level, and the situation of epidemic prevention and control is severe and complex. The epidemic prevention and control in our city is still in the critical stage. Please do not go out of the city unnecessarily, do not go to medium and high-risk areas and local epidemic areas, adhere to a healthy lifestyle, continue to do a good job in personal protection, wear masks, wash hands frequently, have regular ventilation, do not gather, do not get together, and take the initiative to scan the code when entering public places.</p><p>COVID-19 prevention and control headquarters office of Zhengzhou City</p><p>April 23, 2022</p>]]></content:encoded>
            <author>peter-26@newsletter.paragraph.com (Peter)</author>
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            <title><![CDATA[Volkswagen plans to increase investment in U.S. manufacturing]]></title>
            <link>https://paragraph.com/@peter-26/volkswagen-plans-to-increase-investment-in-u-s-manufacturing</link>
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            <pubDate>Fri, 13 May 2022 10:28:06 GMT</pubDate>
            <description><![CDATA[According to the report of the Wall Street Journal on May 5, Herbert diess, CEO of Volkswagen, said at the earnings conference on Wednesday that as the war and epidemic continue to drag down the growth of other regions, the company hopes to expand its investment in electric vehicles in North America. “We don’t think the United States will be affected by the situation in Europe, so from a geostrategic point of view, it should be where we increase our investment.”]]></description>
            <content:encoded><![CDATA[<p>According to the report of the Wall Street Journal on May 5, Herbert diess, CEO of Volkswagen, said at the earnings conference on Wednesday that as the war and epidemic continue to drag down the growth of other regions, the company hopes to expand its investment in electric vehicles in North America. “We don’t think the United States will be affected by the situation in Europe, so from a geostrategic point of view, it should be where we increase our investment.”</p>]]></content:encoded>
            <author>peter-26@newsletter.paragraph.com (Peter)</author>
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            <title><![CDATA[How do people aged 60 and over receive novel coronavirus vaccine? Guangxi issued work guidelines]]></title>
            <link>https://paragraph.com/@peter-26/how-do-people-aged-60-and-over-receive-novel-coronavirus-vaccine-guangxi-issued-work-guidelines</link>
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            <pubDate>Wed, 11 May 2022 10:19:20 GMT</pubDate>
            <description><![CDATA[Infection of novel coronavirus in Guangxi Zhuang Autonomous Region Headquarters office of pneumonia epidemic prevention and control leading group Notice on printing and distributing the guidelines for novel coronavirus vaccination among the elderly aged 60 and above (for Trial Implementation) COVID-19 prevention and control headquarters of each city: In order to guide all localities to do a good job in novel coronavirus vaccination for the elderly over 60 years old, build an immune barrier as...]]></description>
            <content:encoded><![CDATA[<p>Infection of novel coronavirus in Guangxi Zhuang Autonomous Region</p><p>Headquarters office of pneumonia epidemic prevention and control leading group</p><p>Notice on printing and distributing the guidelines for novel coronavirus vaccination among the elderly aged 60 and above (for Trial Implementation)</p><p>COVID-19 prevention and control headquarters of each city:</p><p>In order to guide all localities to do a good job in novel coronavirus vaccination for the elderly over 60 years old, build an immune barrier as soon as possible, and reduce the risk of infection and morbidity among people, this guide is hereby issued to you after organizing experts to discuss and formulate it for reference by local health departments and disease control institutions to guide vaccination units to carry out novel coronavirus vaccination.</p><p>Headquarters office of the leading group for the prevention and control of pneumonia infected with novel coronavirus in Guangxi Zhuang Autonomous Region</p><p>July 15, 2021</p><p>Novel coronavirus vaccine for the elderly aged 60 and over</p><p>Vaccination guidelines (Trial)</p><p>At present, the vaccines used in Guangxi mainly include novel coronavirus inactivated vaccine (Vero cell), 2 doses; Recombinant novel coronavirus vaccine (adenovirus type 5 vector), 1 dose; Recombinant novel coronavirus vaccine (CHO cells) was inoculated with 3 doses.</p><p>1、 Vaccinable conditions</p><p>2、 Suspension of vaccination</p><p>3、 Vaccination contraindication</p><p>Strictly follow the technical guidelines for novel coronavirus vaccination (the first edition).</p><p>4、 Other matters</p>]]></content:encoded>
            <author>peter-26@newsletter.paragraph.com (Peter)</author>
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            <title><![CDATA[The staff of China Ordnance fuze Institute spoke for mawanggou agricultural and sideline products]]></title>
            <link>https://paragraph.com/@peter-26/the-staff-of-china-ordnance-fuze-institute-spoke-for-mawanggou-agricultural-and-sideline-products</link>
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            <pubDate>Sat, 07 May 2022 14:59:24 GMT</pubDate>
            <description><![CDATA[Mawanggou village, Shiliping Town, Shangnan County, Shaanxi Province, is a designated assistance village of Xi’an electromechanical Information Technology Research Institute of China Ordnance Industry Group fuze Research Institute Co., Ltd. It is located in the deep part of Qinling Mountains at the junction of Henan, Shaanxi and Hubei provinces. It has large mountains and deep ditches, inconvenient transportation and blocked information. In the process of assistance, based on the purpose of “...]]></description>
            <content:encoded><![CDATA[<p>Mawanggou village, Shiliping Town, Shangnan County, Shaanxi Province, is a designated assistance village of Xi’an electromechanical Information Technology Research Institute of China Ordnance Industry Group fuze Research Institute Co., Ltd. It is located in the deep part of Qinling Mountains at the junction of Henan, Shaanxi and Hubei provinces. It has large mountains and deep ditches, inconvenient transportation and blocked information. In the process of assistance, based on the purpose of “helping the horse and sending a journey”, the Institute has actively carried out consumption assistance activities, and has purchased 670000 yuan of agricultural and sideline products in the village in the past three years.</p><p>In addition to the unit’s consumption assistance, many employees of the Institute have spontaneously contacted Zhang Peng, the first Secretary of the village, for many times to help sell farmers’ agricultural and sideline products and broaden the channels for farmers to increase their income by “buying and helping”. During the spring ploughing season, the little care of the staff of the Institute sowed the seeds of hope in the hearts of the villagers.</p><p>Chen Chaoqing, a large pepper grower, said: “our pepper sales have been poor. Coupled with the impact of the epidemic, sales are more difficult. The centralized procurement of the research institute last year and the self purchase of cadres and workers now truly solve the urgent needs of our villagers!”</p><p>Chen Chaogang, a native bee breeder, still has a school for his children at home. He is in poor health and can’t go out to work. He has difficulties in living. He lives on beekeeping and his family income is not optimistic. The first secretary contacted the employees of the unit to carry out “buy and help”, which opened the market of native honey and made Chen Chaogang overjoyed. Thank you very much.</p><p>The cadres and staff of the Institute said that on the road of consolidating and expanding the assistance for poverty alleviation and connecting rural revitalization, they actively contributed their strength by purchasing agricultural and sideline products to help the village, increased everyone’s sense of participation in rural revitalization, and hoped that more employees would participate and actively speak for mawanggou agricultural and sideline products.</p><p>“Helping by buying” has realized the positive transformation from traditional “blood transfusion” to continuous “hematopoiesis” on the road of assistance. While solving the difficult marketing of farmers’ agricultural and sideline products, it can not only encourage farmers to change the idea of “waiting for help”, but also improve farmers’ income. At the same time, it also shortens the true feelings of pairing assistance, improves the enthusiasm and initiative of employees to participate in assistance work, and enables the Institute to play a greater role in helping rural revitalization, Contribute more to the construction of a better home!</p>]]></content:encoded>
            <author>peter-26@newsletter.paragraph.com (Peter)</author>
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            <title><![CDATA[Ten thousand mu of rhododendrons bloom on May Day in Danzhai. More than 40 activities in Danzhai town invite you to enjoy them]]></title>
            <link>https://paragraph.com/@peter-26/ten-thousand-mu-of-rhododendrons-bloom-on-may-day-in-danzhai-more-than-40-activities-in-danzhai-town-invite-you-to-enjoy-them</link>
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            <pubDate>Sat, 30 Apr 2022 09:19:48 GMT</pubDate>
            <description><![CDATA[Azaleas bloom on May Day. The ten thousand mu mountain azaleas in Danzhai, Guizhou are the best choice. During the May Day holiday, Danzhai has become the best destination for viewing the sea of flowers and enjoying yourself! From April 23 to May 5, the Fifth China Danzhai Rhododendron Tourism Festival came as promised and was held in Wanda Town, Danzhai. With the theme of “smelling Rhododendron · fireworks Danzhai”, this tourism festival includes more than 40 colorful exhibitions, game compe...]]></description>
            <content:encoded><![CDATA[<p>Azaleas bloom on May Day. The ten thousand mu mountain azaleas in Danzhai, Guizhou are the best choice. During the May Day holiday, Danzhai has become the best destination for viewing the sea of flowers and enjoying yourself! From April 23 to May 5, the Fifth China Danzhai Rhododendron Tourism Festival came as promised and was held in Wanda Town, Danzhai.</p><p>With the theme of “smelling Rhododendron · fireworks Danzhai”, this tourism festival includes more than 40 colorful exhibitions, game competitions and experience activities, covering the ultimate experience of “eating, living, traveling, shopping and entertainment”, so that you can enjoy the local conditions and customs of Miao Township, enjoy the beauty of Rhododendron sea and enjoy a unique and beautiful May Day holiday!</p><p>01 the 10000 mu Rhododendron sea that knows people’s hearts is only in full bloom during May Day</p><p>It is the beautiful scenery of Danzhai. Azaleas bloom and meet you again.</p><p>Danzhai Longquan Mountain, with an altitude of nearly 1500 meters, has 10000 mu of wild azaleas from the mountainside to the top of the mountain. The second azaleas open, and the layers of forest are dyed, just like a sea of flowers. Known as “China’s five azalea seas” and “the only Alpine flower sea”, Danzhai Longquan Mountain azalea sea has become a net red among China’s major azalea seas, attracting millions of tourists every year.</p><p>What’s more unusual is that the Rhododendron in Longquan Mountain of Danzhai seems to know the hearts of the people. Its flowering period coincides with the May Day holiday, which is unmatched by other rhododendrons.</p><p>This unique flowering season is definitely worth the trip for tourists to Danzhai town to participate in the tourism festival. In the morning, you can see the sea of clouds, listen to the cuckoo singing and the green forest, enjoy the redness of the mountains and the picturesque sunset at dusk, and feel the shocking beauty of nature.</p><p>The beautiful scenery is pleasant, the beauty is picturesque, and the beautiful scenery matches the beauty, making it the most beautiful picture. It is reported that the “Danzhai spring” photography competition has been launched on April 23, and the “5th Miss Rhododendron audition” also began online registration on April 6. The deadline is 24:00 on April 26, and the final will be held on May 1 and 2. During May Day, the Rhododendron goddesses will show in Danzhai Town, show their talents on the glass plank road, and come to Longquan Mountain to enjoy the flowers and take photos and clock in with the tourists.</p><p>02 fireworks show + cute pet Festival: special treatment for all kinds of unhappiness</p><p>There are rhododendrons on Longquan Mountain and fireworks in the night sky of Danzhai. The night sky of the small town of Rhododendron festival will be different.</p><p>From May 1 to 3, Wanda town in Danzhai devoted itself to creating a cool fireworks show on the East Lake. Each fireworks show is an 8-minute display time. Don’t miss the 8-minute romantic moment. Remember to take your relatives and friends to an appointment with the romantic “fireworks” in Danzhai. The best viewing points of the fireworks show are Drum Tower Square, Miao Nian square and the town along the lake.</p><p>The parent-child theme is also an important part of the Rhododendron Festival. From April 23 to May 8, Miao Nian square, Wanda Town, Danzhai, ushered in the happy world of cute pets, the happiness of big friends and the surprise of children. There are soft cute devil squirrels, raccoons with funny attributes, charming alpacas, and “natural elf” sika deer. More than ten kinds of cute pets specialize in dealing with unhappiness and create a harmonious parent-child atmosphere.</p><p>03 beer carnival, music swing, three networks are popular and wanton hi</p><p>You can’t have a holiday without wine.</p><p>From April 30 to May 31, Wanda town in Danzhai will launch activities such as “town beer King night market competition” and “night market Carnival beer delivery” for one month, and will build the lighting of the night market street as a whole to make tourists drink happily.</p><p>With beer, you can’t live without music.</p><p>From May 1 to 3, in Yougong square, the star concert of Rhododendron festival will start at 8 p.m. every day. Together with the three popular singers Huatong, Wen Yixin and a Rong, they will sing in Wanda town of Danzhai. Tourists can follow the music to swing and have fun together. Hi! ‍‍‍‍‍‍‍</p><p>It is reported that the representative works of the flower boy include “gossip of the prodigal son”, “Xiaona” and “ordinary disco”, the representative works of Wen Yixin include “flowers all the way”, “weak crown” and “forgetting to care”, and the representative works of a Rong include “your answer”, “whale” and “it has nothing to do with me”.</p>]]></content:encoded>
            <author>peter-26@newsletter.paragraph.com (Peter)</author>
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            <title><![CDATA[How did Web3 catch fire before yuancosmos understood it| Overseas weekly election]]></title>
            <link>https://paragraph.com/@peter-26/how-did-web3-catch-fire-before-yuancosmos-understood-it-overseas-weekly-election</link>
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            <pubDate>Wed, 27 Apr 2022 19:37:53 GMT</pubDate>
            <description><![CDATA[Compile / Youya Web3, the decentralized Internet running on blockchain technology, as one of the hot words of science and technology in 2021, is considered by some people to be the next stage of today’s Internet (i.e. web2); But some people think it’s just hype. This issue of overseas weekly compiled articles from the New York Times to discuss the popularity, cases, evaluation and relationship with the meta universe of Web3. In web2 mode, technology giants such as Facebook and Google control ...]]></description>
            <content:encoded><![CDATA[<p>Compile / Youya</p><p>Web3, the decentralized Internet running on blockchain technology, as one of the hot words of science and technology in 2021, is considered by some people to be the next stage of today’s Internet (i.e. web2); But some people think it’s just hype. This issue of overseas weekly compiled articles from the New York Times to discuss the popularity, cases, evaluation and relationship with the meta universe of Web3.</p><p>In web2 mode, technology giants such as Facebook and Google control the platform; In Web3 mode, users will have ownership of the platform and application.</p><p>What is Web3?</p><p>Web3 is the name given by some technical experts for a new type of Internet service, which uses decentralized blockchain technology.</p><p>The term Web3 has been around for many years, and it’s only in the past year that it has become popular. Investor Packy McCormick once promoted Web3 and defined it as “a new Internet owned by builders and users and inspired by tokens”.</p><p>Supporters envision Web3 as a variety of forms, including decentralized social networks, “play to ear” games (rewarding players with digital tokens), and NFT platforms (allowing people to buy and sell digital culture). More idealistic people believe that Web3 will subvert tradition and change the current Internet. The world will usher in a new digital economy without intermediaries.</p><p>However, some critics believe that Web3 is just a rebranding of digital encryption technology. The purpose is to get rid of some cultural and political burdens of the industry and make people believe that blockchain is the next natural development stage of computing.</p><p>Others believe that this is an anti Utopian “pay to play” Internet vision. In this internet mode, every activity and social interaction has become a financial tool that can be bought and sold.</p><p>Why are so many people suddenly talking about Web3?</p><p>Part of the reason is hype, marketing and fear of “missing the next big thing”.</p><p>The prosperity of Web3 also reflects the amount of capital, talents and energy pouring into start-ups in this field after a year long bull market in the digital cryptocurrency market. In 2021 alone, venture capital companies invested more than $27 billion (about 171.388 billion yuan) in projects related to digital cryptocurrency, more than the total of the previous 10 years, and a large part of the funds went to Web3 project. Large technology companies such as twitter and reddit are also experimenting with their own Web3 projects.</p><p>The industry has now become a magnet for attracting scientific and technological talents. Many employees in the science and technology industry quit their jobs in large factories and chose to go to Web3 to find wealth.</p><p>Talking about Web3, we can’t help asking: what are web1 and web2?</p><p>In traditional terms, web1 refers to the Internet in the 1990s and early 21st century. It is an Internet composed of blogs, message boards and early portals such as AOL and CompuServe. Basically, people read static web pages passively on web1, and most web pages are built using “open protocols” such as HTTP, SMTP and FTP.</p><p>Web2 is the next stage of the Internet (web1), which began around 2005. The remarkable feature is the birth of social media giants such as Facebook, twitter and Youtube. In web2 mode, people begin to create and publish their own content and actively participate in the Internet, rather than simply passive reading. But in the end, most of these activities are monetized by large companies, and most of the funds and control are also appropriated by large companies.</p><p>Source / datadriveninvestor</p><p>In contrast, Web3 combines web1’s open infrastructure with web2’s public participation, and will replace these centralized enterprise platforms with open protocols and decentralized, community operated networks.</p><p>In a joint book, digital cryptocurrency investor Li Jin and writer Katie Parrott described the vision of Web3 as follows: “if the web1 era is conducive to publishers and the web2 era is conducive to platforms, then Web3 is to tilt the balance of power and ownership back to creators and users.”</p><p>This sounds exciting, but it’s a little vague. What do Web3 supporters think of this concept?</p><p>Web3 supporters believe that the blockchain based Internet (i.e. Web3) will improve the current Internet in the following aspects.</p><p>First, the Web3 platform can provide creators and users with a way to monetize their activities and contributions, which is not available in today’s large platforms.</p><p>For example, Facebook currently makes money by aggregating user data and selling targeted ads. The Web3 version of Facebook allows users to monetize their data and even get “tips” from other users by publishing some interesting content. A Web3 version of spotify (streaming media service provider) allows fans to buy “shares” of some promising artists and actually become their sponsors in exchange for artists’ streaming content royalties. The Web3 version of Uber may be owned by drivers on the network.</p><p>Matt Levine, an industry writer, said: “a basic premise of Web3 is that each product itself is also an investment opportunity.”</p><p>Secondly, supporters also believe that Web3 platform can conduct democratic governance in a way that web2 platform does not have.</p><p>Internet giants such as Facebook are authoritarian in nature, and the blockchain based social network (Web3) can delegate the decision-making power to users, who can vote on how to deal with it.</p><p>Third, compared with web2</p>]]></content:encoded>
            <author>peter-26@newsletter.paragraph.com (Peter)</author>
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            <title><![CDATA[The business that Buffett doesn't like is aviation stocks]]></title>
            <link>https://paragraph.com/@peter-26/the-business-that-buffett-doesn-t-like-is-aviation-stocks</link>
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            <pubDate>Sun, 24 Apr 2022 18:54:00 GMT</pubDate>
            <description><![CDATA[Stock speculation depends on the Research Report of Jinqilin analyst. It is authoritative, professional, timely and comprehensive to help you tap the potential theme opportunities! The impact of the epidemic on the industry continues, but before the epidemic, aviation stocks with high cost and low gross profit were not a good investment choice (edited by Wang Lifeng and Guo Nan) Airlines must be one of the protagonists in the 2021 earnings comparison conference. However, the logistics sector,...]]></description>
            <content:encoded><![CDATA[<p>Stock speculation depends on the Research Report of Jinqilin analyst. It is authoritative, professional, timely and comprehensive to help you tap the potential theme opportunities!</p><p>The impact of the epidemic on the industry continues, but before the epidemic, aviation stocks with high cost and low gross profit were not a good investment choice</p><p>(edited by Wang Lifeng and Guo Nan)</p><p>Airlines must be one of the protagonists in the 2021 earnings comparison conference.</p><p>However, the logistics sector, including aviation stocks, has performed recently. At the policy level, the good news of the central government on accelerating the construction of a national unified market, promoting the construction of a national logistics hub network and vigorously developing third-party logistics has stimulated the nerves of investors. At the performance level, there are also warm information for aviation stocks, such as the decline of oil prices from a high level.</p><p>In fact, the author believes that buying aviation stocks is a bad investment decision for most investors.</p><p>The impact of the epidemic is not over</p><p>The reason is very simple. This is an industry that pays great attention to flight safety. It is too easy to be restricted by many factors, such as weather, air control, war, epidemic and so on. If you encounter a terrible air crash, it will be a serious blow to airlines. For example, Malaysia Airlines 370 incident in March 2014, Malaysia Airlines later fell into technical bankruptcy. China Eastern Airlines’ share price fell by nearly 20% at most some time ago.</p><p>The impact of the epidemic is even greater, affecting the whole industry. Since the epidemic in 2020, the global aviation industry has suffered a devastating blow, with continuous waves of bankruptcy and layoffs. In addition, according to the International Air Transport Association (IATA), the global passenger turnover in 2021 was only 40% of that before the epidemic (2019).</p><p>This will certainly affect the performance of airlines. According to IATA data, the global aviation industry has lost about $189.7 billion (about 1.2 trillion yuan) in the past two years. Take the three major domestic airlines (Air China, China Eastern Airlines and China Southern Airlines) as an example. In the two years after the epidemic, the three airlines lost nearly 100 billion yuan, including 34.6 billion yuan for big brother Air China, 25.9 billion yuan for China Eastern Airlines and 22.8 billion yuan for China Southern Airlines. Superimposed on the rise in oil prices since this year, if the epidemic still can not improve, the industry loss is expected to continue.</p><p>Airlines are not good business</p><p>The second reason is related to the business model of airlines. Airlines usually either buy aircraft, rent aircraft, or buy replacement parts such as engines. Their business growth always depends too much on large capital expenditure. “Stock god” Buffett once said that the business of airlines is not good. He said, “for investors, the aviation industry is a fatal trap”.</p><p>Airbus A330 | source: Airbus official website</p><p>Aircraft, as a means of air transportation, is the crystallization of human advanced aviation technology and manufacturing. It is of great value. The total price of an Airbus A330 is more than 200 million US dollars, about 1.5 billion yuan. Take Air China as an example. In the past decade, the capital expenditure including the purchase of aircraft has reached 140 billion yuan, with an average of more than 14 billion yuan per year.</p><p>From a financial point of view, these huge objects with amazing value are presented in the form of fixed assets (including leased “right to use assets”, the same below). Taking the three major airlines as an example, including leased aircraft, the fixed assets related to aircraft account for more than 70% of the total assets.</p><p>So you can simply understand the airline’s financial statements. On the left is the aircraft and on the right is the financing (debt or equity) related to the aircraft.</p><p>Due to the large amount of assets, the depreciation expenses related to assets (including lease expenses, the same below) account for a high proportion of the cost of airlines. In 2021, the depreciation expense of the three major airlines was close to 20 billion, accounting for more than 20% of the operating cost.</p><p>Not only depreciation expenses, but also some expenses you may not consider. Aviation fuel, employee compensation, ground service fees for aircraft take-off and landing, and even catering snacks on the aircraft constitute huge expenses of airlines. Let’s take a look at the composition of the total operating costs of the three major airlines in 2021. It is not difficult to see from the table below that fuel, depreciation and employee compensation rank among the top three, accounting for nearly 70% of the operating costs.</p><p>The data of the three major airlines are basically similar, but in terms of aircraft maintenance and repair costs, China Eastern Airlines is only 4.72%. China Eastern Airlines has always spent less on this project than Air China and China Southern Airlines.</p><p>Deducting the above costs from all the revenue of the airline is the gross profit of the airline. However, due to the high cost and rigidity, there are few airlines left and the gross profit margin is very low. In the past two years since catching up with the epidemic, gross profit has been at a loss. Taking Air China as an example, in 2021, it achieved a revenue of 74.5 billion yuan, an operating cost of 85.8 billion yuan and a gross profit of 11.3 billion yuan.</p><p>In order to treat the gross profit margin of airlines more objectively and fairly, the author selects 2010-2019, that is, the decade before the epidemic. The average gross profit margin of the three major airlines in the past ten years has been around 15%, and Air China is a little higher. Catch up with the good economic times, the gross profit margin can exceed 20%, but it can not be maintained. In terms of investment, it is difficult for airlines to make money with low gross profit margin and miscellaneous expenses such as management expenses and sales expenses. Buffett said, “the worst industries are those that grow rapidly but are difficult to make money, such as aviation.”</p><p>The author believes that for the whole air transportation industry, if we consider it in combination with the gross profit margin, the best business is that there is no security risk threat, services cannot be replaced, and the subdivided field of drought and flood revenue is the best, which may be the airport service industry. Turning to the financial report, we can see that, regardless of the epidemic, the average gross profit margin of Shanghai airport has exceeded 50% in the past two years, while that of Baiyun Airport is a little lower, and the gross profit margin is also about 30%.</p><p>From the perspective of net equity interest rate (ROE), before the epidemic, even if Air China, the most profitable of the three airlines, its weighted roe was much lower than that of Shanghai airport. From 2015 to 2019, the average weighted roe of Air China was 9.33% and that of Shanghai airport was 14.86%.</p><p>What is the return on holding airline stocks?</p><p>From the perspective of the market, the benefits of holding aviation stocks are general at a longer time point. Similarly, in order to reflect the facts more objectively, the impact of the epidemic situation in the past two years is still excluded from the author’s statistics. The data show that China Southern Airlines has increased from 2010 to 2019</p>]]></content:encoded>
            <author>peter-26@newsletter.paragraph.com (Peter)</author>
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            <title><![CDATA[The romantic cherry blossoms in Nanning are blooming again. Let's go on a spring date together]]></title>
            <link>https://paragraph.com/@peter-26/the-romantic-cherry-blossoms-in-nanning-are-blooming-again-let-s-go-on-a-spring-date-together</link>
            <guid>SFvBt0fT9WsDQRCV89f7</guid>
            <pubDate>Thu, 21 Apr 2022 16:03:37 GMT</pubDate>
            <description><![CDATA[These two days, the long lost sun finally appeared. Taking advantage of the warm sunshine on the earth of Nanning, citizens went out of their homes for an outing. In Nanning Shimen Park, the reporter saw clusters of gorgeous cherry blossoms blooming like a burning flame. The cherry blossoms full of trees are gorgeous and colorful, and the citizens who come to enjoy the flowers show the breath of spring. Birds are playing among the flowers. What a lively picture of spring. marvel at flowers Ac...]]></description>
            <content:encoded><![CDATA[<p>These two days, the long lost sun finally appeared. Taking advantage of the warm sunshine on the earth of Nanning, citizens went out of their homes for an outing.</p><p>In Nanning Shimen Park, the reporter saw clusters of gorgeous cherry blossoms blooming like a burning flame. The cherry blossoms full of trees are gorgeous and colorful, and the citizens who come to enjoy the flowers show the breath of spring.</p><p>Birds are playing among the flowers. What a lively picture of spring.</p><p>marvel at flowers</p><p>According to the forecast of the meteorological department, the weather will be sunny before the end of February, and the daytime temperature in the whole region will rise all the way. By the weekend, the maximum temperature can generally reach more than 20 ℃, and the next wave of cloudy and rainy weather is expected to come around March 1. Taking advantage of the sunny weather, we might as well ask three or five friends to go out to enjoy flowers and take photos this weekend. Don’t lose a good spring.</p>]]></content:encoded>
            <author>peter-26@newsletter.paragraph.com (Peter)</author>
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            <title><![CDATA[Ningbo recently reported 44 confirmed cases, all of which live in Jiaochuan Street control area]]></title>
            <link>https://paragraph.com/@peter-26/ningbo-recently-reported-44-confirmed-cases-all-of-which-live-in-jiaochuan-street-control-area</link>
            <guid>J7UDAjpHPJFjM74dKgbG</guid>
            <pubDate>Sat, 16 Apr 2022 07:07:58 GMT</pubDate>
            <description><![CDATA[In December 12th, covid-19 news conference was held in Ningbo for the prevention and control of new crown pneumonia. It is reported that since December 6, Ningbo has reported a total of 44 local confirmed cases, and the previously reported asymptomatic infections have been turned into confirmed cases. At present, isolation treatment has been carried out in designated hospitals, and the relevant epidemic related places have strictly carried out classified control and environmental killing in a...]]></description>
            <content:encoded><![CDATA[<p>In December 12th, covid-19 news conference was held in Ningbo for the prevention and control of new crown pneumonia.</p><p>It is reported that since December 6, Ningbo has reported a total of 44 local confirmed cases, and the previously reported asymptomatic infections have been turned into confirmed cases. At present, isolation treatment has been carried out in designated hospitals, and the relevant epidemic related places have strictly carried out classified control and environmental killing in accordance with the provisions of epidemic prevention and control.</p><p>At present, the epidemic situation in Zhenhai mainly has three characteristics:</p><p>First, the characteristics of place aggregation are obvious. The 44 confirmed cases reported so far are all concentrated in the Jiaochuan Street control area of Zhenhai District, including 15 cases in Linjiang community, 11 cases in Wulipai village, 7 cases in Jingjing Jiuyuan, 6 cases in the centralized residential area of Hongqiao Sifang construction site, 3 cases in Hongqiao community, 1 case in Yanjiang village and 1 case in yipinjun park. So far, No positive infection was found outside the control area of Jiaochuan street, which shows that our control is accurate and effective, and there is no overflow of the epidemic.</p><p>Second, the transmission chain is relatively clear. The first case is first transmitted within the family, from family members to colleagues, and then their colleagues cause multiple infections through Zhenhai District life sunshine moxibustion maintenance center. At present, 13 people are directly exposed to the infection through this center, and then the infected person of the center causes secondary infection within the family and community, The transmission path of the epidemic in Zhenhai is clear, all belong to the same transmission chain, and the activity track of all infected persons is clear.</p><p>Third, the source of the virus is clear. Yesterday afternoon, the press conference of the joint prevention and control mechanism of the State Council reported that the virological research and judgment results of the National Health Commission determined that the viral genome sequences of recent local cases in Zhejiang (including Ningbo) and epidemic cases in Shanghai and Jiangsu are highly of the same source and are the same associated epidemic. After three generations of sequencing of case samples from Ningbo CDC, the result was the delta mutant (ay. 4 evolutionary branch) Warsaw strain.</p><p>On December 11, the key personnel in the sealing and control area and control area of Jiaochuan street, Zhenhai District have carried out the fourth round of nucleic acid testing. A total of 25289 people were sampled and 3 cases of positive infection were detected. Starting from this morning, the third round of full staff nucleic acid testing in Zhenhai District has been started. As of 8 pm today, 569980 people have been sampled, and 515067 people have been reported, all of which are negative. As of 15:00 today, the city has investigated 3141 close contacts, 5225 secondary close contacts and 104654 general contacts involved in the Zhenhai epidemic. The control measures have been strictly implemented as required, and all close contacts have been isolated at centralized isolation points.</p>]]></content:encoded>
            <author>peter-26@newsletter.paragraph.com (Peter)</author>
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