On the Intranet site of Google Memegen, pictures of the most hot doors emitted the Google I/O General Assembly photograph with the price of Alphabet. The picture received thousands of memorials. The left side of the picture was written by the words “the cost cuts and the repurchasing of stocks by hospiters”, while the share price fell during the period. At the same time, there was an increase in the right-by-side price of the picture, with the words “computers make things good”.

Many staff shared the view of the comment area. They commended their colleagues for their efforts to produce within the gold time period, helping companies to compete in artificial intelligence.

Shortly before the I/O Assembly, many staff members criticized Chief Executive Officer Samdar Pichai. During the process of downsizing and demotion of Google, he received more than $200 million in equity incentives in 2022. In addition, workers were diss。 with the company’s authorization of $7 billion for stock repurchase.

At present, the price of Alphabet has risen to the highest level since August last year, with an increase of 11 per cent last week. Google released last week’s third edition of the generic large language model PaLM 2, as well as a series of optimization of hand-in-telligent techniques and search services for chat robotic robbers Bad.

The Google has been under pressure in the field of manual intelligence since its release at the end of last year. OpenAI’s investor, Microsoft, is integrating ChatGPT technology into a mandatory search engine and other products. This prompted investors’ concern about the Google, which is at stake in its central search market.

In February, Google organized activities to promote artificial smart chat robo, Bad, but the price of Alphabet should be reduced by 7 per cent. Google staff believe that this publication in Pij was “rushed and bad”.

The Google then started to speed up its consumption-grade manual smart service to the market as soon as possible.

After the Google I/O General Assembly, workers were very interested in some of the updates of the Bard, particularly in the function of processors, such as the dark model. This display style is generally welcomed by processors. After the Google announced its support for this model, there was a strong voice among the population.

A picture that received hundreds of greetings wrote that “wha I learned from I/O” is that “the Google still gives me a deep impression”.

In another picture, staff members greeted the Deputy Executive Director, Dave Burke. This demonstration of Android 14, was very sincere on the podium. This differs significantly from the general style of presentations at the corporate conference.

The theme speech at the three General Assembly sessions lasted two hours, and staff members were ridiculous of the term “manufactured intelligent” that appeared frequently in the presentations. One picture is that “I/O 2023 has shaken the company’s equity prices”, with the following subword showing: “There is always manual wisdom”. Another hot door photograph wrote: “Let we pick up artificial intelligent/machine on I/O 2023”.

Google speakers rejected the evaluation. The price of the Alphabet unit fell by nearly 40 per cent in 2022 and has increased by 33 per cent since this year.

Family benefits, 60 days of experience with services, a one-to-one service!

Electricity information, precision reading, new waves

Amazon indicated that, as of 31 July this year, the Amazon no longer supported Halo. In the past 12 months, clients buying the product may apply for refunds. In addition, the Amazon will dissolve the Halo team, and affected workers will receive compensation for separation payments, health insurance etc.

Halo’s hand ring is a sort of smart wearing product introduced by the Amazon in 2020, which can help users monitor physical data such as mentality.

The humanitarian response coordination command under the Russian Ministry of Defense announced on the 7th that in view of the disastrous situation and sharp deterioration of the humanitarian situation in Kiev, Kharkov, sume and Mariupol, Ukraine, the Russian armed forces are for humanitarian purposes at the personal request of French President macron to Russian President Vladimir Putin, Announced the implementation of a “state of silence” and the opening of humanitarian corridors from 10:00 local time on March 7 in Moscow.

The headquarters is the humanitarian response headquarters established by the Russian Ministry of defense on March 2 on the situation in Ukraine. Its main task is to provide humanitarian assistance to Lugansk, Donetsk and other regions of Ukraine.

The announcement pointed out that the Russian army will open the humanitarian corridor routes from Kiev to Gomel state of Belarus, Mariupol to zaporoze or Rostov on the Russian roston River, Kharkov to Belgorod, sume to Poltava or Belgorod.

Russia demands that Ukraine strictly implement all conditions for the establishment of humanitarian corridors in these areas and ensure the organized evacuation of civilians and foreign nationals.

During the opening of the humanitarian corridor, the Russian armed forces will use UAVs and other equipment to continuously monitor the evacuation.

The announcement said that Russia is waiting for the specific actions of Ukrainian officials and the leaders of the towns involved.

On the strategy of people’s livelihood

Summary

abstract

The trend is endless, and the real cycle is beginning

This week, the market value style and cycle sector outperformed significantly, the main line of inflation gradually surfaced, and our “real cycle” is gradually becoming a “new consensus” in the market. What we mentioned in the layout of the real cycle: the real cycle market has never taken steady growth as the cornerstone, nor the supply-demand gap caused by sanctions against Russia as the underlying logic. The real cycle is actually the co vibration of “green inflation” and “population reversal”, which has brought greater supply shock inflation, Overseas central banks, which are good at dealing with short-term credit fluctuations, lack effective measures to balance inflation and growth, which is impacting the credit monetary system of major countries in the world, resulting in the appreciation of physical assets relative to overseas credit currencies. Steady growth and the conflict between Russia and Ukraine are only the catalyst at both ends of supply and demand, not the essence of the problem.

2. After the government work report of the “two sessions”, the rise of global commodity prices was further clarified

3. From a domestic perspective, the government work report released on Saturday set a target of 5.5% year-on-year growth of GDP in 2022, which is at the top of the market expectation, higher than the consensus expectation of Wande analysts (5.32%) and higher than the previously generally expected target of 5%. This confirms what we have repeatedly mentioned: the difference in real interest rates between China and the United States gives us more room to exchange the rise of inflation for the recovery of demand. We are also concerned about the uncertainty of means and space in achieving the 5.5% target. Therefore, the future of the sector that depends on the growth elasticity of volume is relatively vague, but the elasticity of future inflation that can be determined may be much stronger than the economic demand itself. A corroboration is that in the fourth quarter of 2021, when the economy is in recession, the 120 day moving average of Nanhua industrial products index is still not retreated, and the index hit a record high when demand began to bottom out and pick up recently.

4. Investors who are bearish on commodity prices with the Fed’s “interest rate hike” need logical self consistency

5. If investors believe that this round of interest rate hike is consistent with the law in the economic cycle over the past 20 years, the historical law shows that in the early stage of interest rate hike, global commodity prices are also in the rising channel. Even in the whole interest rate hike cycle, commodities are often the best performing assets. If investors believe that this round of demand is not strong and more like “stagflation”, the experience of the United States in the 1970s tells us that in the face of supply shocks, the central bank, which is good at handling short-term credit cycle fluctuations, is difficult to respond effectively to the initial supply inflation, which eventually leads to a positive feedback mechanism for inflation expectations, The concern about the value of credit money has led to a widespread and irresistible rise in the price of physical assets in the whole society. On the contrary, inflation is more difficult to be solved in the easing of supply contradiction and the rise of interest rate in the early stage. More studies also show that the United States out of the “stagflation quagmire” is not entirely due to ultra tight monetary policy, and factors such as technology and the influx of immigrants also play a crucial role. At present, the good luck of the “great easing” era opened by major developed countries after the 1980s is running out.

6. 4 compared with September 2021: the cycle “flowers” are similar, but “people” are very different

7. Some investors are worried that the rise of cyclical stocks this time will lead to a sharp decline after the sharp rise in August and September 2021. The reality is that it is the lesson from August to September that makes a large number of investors lack participation: from the perspective of transaction heat (represented by the ratio of daily average turnover to free circulation market value), there is still a lot of gap compared with August and September 2021; At present, the participation of equity funds in most cyclical sectors (based on the calculation of net worth correlation) is also much lower than that in August and September 2021; The two financial investors with the most trend trading characteristics did not even show their enthusiasm in September 2021. When our cognition is forming a “new consensus”, we are actually more “cautious” than investors in the whole market, but we still see a better opportunity for participation behind the current similar stock price performance than that from August to September: China is now at a low position in the economic cycle rather than a high decline; After investors learned the lessons at that time, there was no “overheating” and crowded trading in the whole market. In the face of the irresistible global inflation trend, investors should recognize that the conflict between Russia and Ukraine is only a periodic contradiction, and the market is far from over. If the market retreats due to the geographical situation, it is a good opportunity to enter the market.

8. 5 “new main line that can’t wait” and “real cycle”

9. Some wait-and-see investors are still waiting for a new main line in the market, but in fact, the new main line in the market has been established and the real cycle is beginning. We understand the underlying logic of investors’ concerns about assets that “rely on price judgment”: in the past, the inflation center moved down, and the best price judgment strategy is to avoid such assets. However, the environment has been changing, the upward movement of inflation center has been established, and the appreciation path of physical assets is very obvious. Therefore, avoiding assets relying on price judgment should not be a wise choice, and the inertial thinking needs to be broken. Under the deflationary environment in the past, it was customary to think that “high-quality” assets also need to be judged again, and the main line of “hard waiting” of some investors may leave for a long time. At present, our recommended order is: inflation trading is the most certain, buying nonferrous metals (copper, aluminum, gold), crude oil (oil transportation, oil and gas exploration) , coal; The probability of demand recovery is increasing, and the layout: banking, real estate and construction.

10. Risk tip: the implementation of steady growth policy is less than expected, and overseas imported inflation is higher than expected.

11. Report body

12. The trend is endless, and the main line of inflation is gradually determined

13. This week, the market value style and cycle sector outperformed significantly, and the main line of inflation gradually surfaced. Some investors attributed it to the gradual force of steady growth, geopolitical problems such as the conflict between overseas Russia and Ukraine and the gap between supply and demand of energy. Indeed, the above inference is supported by some practical evidence. For example, China’s PMI performance is super seasonal, and there are relevant large-scale problems after the overweight of European and American sanctions against Russia

14. 
    

With the upcoming two sessions of the National People’s Congress and the National People’s Congress, the reporter of China Foundation news learned that representative Li Dongsheng brought five proposals this time, including “suggestions on combating cyber violence and improving the system of laws and regulations on cyber governance”, “suggestions on improving the social security of flexible employees”, “suggestions on establishing a pilot of personal carbon quota system” Suggestions on promoting the upgrading of China’s manufacturing industry and building a global industrial chain of China’s manufacturing industry, and suggestions on further supporting the capital financing of China’s high-tech enterprises.

Li Dongsheng said that building global competitiveness has always been an important strategic fulcrum for TCL’s development. In 2021, TCL’s overseas revenue reached 117.4 billion, an increase of 60%. Li Dongsheng believes that China’s manufacturing industry should be more active and promising in the face of global competition, especially in the face of the anti globalization trend in recent years. Industrial globalization is an important way for the future development of China’s science and technology manufacturing industry.

Li Dongsheng also paid special attention to the support of the capital market for the science and technology manufacturing industry. Li Dongsheng said that the high-tech manufacturing industry generally has the characteristics of heavy assets, high technology and long cycle. The industry has high technical barriers and large capital investment, and the demand for convenient financing channels is more significant. He hopes to further improve the capital financing of China’s high-tech manufacturing enterprises and establish equity financing channels and management system matching the global leadership of high-end manufacturing industry.

Combating cyber violence

Improve the system of laws and regulations on Network Governance

In recent years, cyber violence in China has attracted much attention because of its rising trend. According to the 2019 social blue book, one in three adults has been subjected to cyber violence; One in every two minors has suffered cyber violence.

Moreover, there are still many problems in curbing and combating cyber violence in China, such as weak applicability of laws and regulations, high cost of protecting victims’ rights, lack of responsibility of platform subjects and so on.

In order to improve China’s network governance laws and regulations system, strengthen the crackdown on network violence, and realize the purpose of shaping a clean and positive network environment.

In this regard, Li Dongsheng put forward three suggestions:

First, the state should improve the relevant judicial interpretation of cyber violence and introduce relevant legislation to combat cyber violence.

Second, strengthen the punishment of the subject responsible for cyber violence. If the circumstances are serious, it should be included in the public prosecution.

Third, clarify the responsibilities and authorities of various regulatory departments, implement the main responsibilities of the network platform, and effectively improve the response efficiency of network violence.

We will improve social security for flexible employees

At present, the number of people employed in flexible forms such as part-time, temporary and flexible work is increasing year by year. The data show that at present, the number of people with flexible employment in China has reached more than 200 million, and flexible employment is increasingly becoming one of the mainstream trends of new employment in China. In the journey of the party and the state to achieve the goal of common prosperity for all people, flexible employment is effectively promoting stable employment and continues to contribute to the sustainable development of China’s society and economy.

At present, China’s flexible employment groups are still facing the lack of comprehensive and accurate registration and statistics in terms of social security, which is difficult to provide perfect social security; It is difficult to identify the employment relationship and there is a legal gap; And the low proportion of flexible employment groups participating in social security. The number of flexible employees is huge and growing. Whether they can obtain perfect social security has a great impact on promoting and stabilizing employment and promoting China’s sustainable social and economic growth.

In this regard, Li Dongsheng put forward several suggestions on improving the social security of flexible employment in China:

First, we should set up an independent and overall insurance platform for flexible employees within the national social security system.

Second, standardize the terms and contents of labor contracts for flexible employees and protect their legitimate rights and interests.

Third, clarify the social security payment standard of flexible employees, and then continuously improve the enthusiasm of flexible employees to participate in insurance.

Establish a pilot of individual carbon quota system

At present, as a large developing country in the middle and late stage of industrialization and urbanization, China has a huge total amount of carbon emissions. The realization of the “3060” double carbon goal not only puts forward new requirements for China’s economic structure, but also requires the public to change to a low-carbon lifestyle and actively carry out the “national carbon reduction” action, so as to promote individuals and families in the whole society to effectively form a green low-carbon lifestyle and green consumption.

However, due to the lack of initiative to participate in low-carbon and carbon reduction actions, the lack of professional knowledge of low-carbon and carbon reduction, and the lack of practical incentives and support for green and low-carbon life and consumption patterns, the popularization of energy-saving and low-carbon knowledge and ideas among urban and rural residents in China is far from enough, and the awareness of practicing energy-saving and low-carbon is weak.

In this regard, Li Dongsheng put forward several suggestions:

First, establish a unified personal carbon emission measurement platform. It is suggested that the national environmental protection department take the lead to gradually establish a unified national carbon emission measurement account for urban and rural residents.

Second, according to the annual personal carbon emission data monitoring, confirm the scope of personal carbon quota and guide people to take the initiative to choose a low-carbon lifestyle.

Third, formulate relevant incentive policies, advocate and call for the participation of the whole people, and improve the awareness of green consumption of the whole people.

Promote the upgrading of China’s manufacturing industry

Building the global industrial chain of China’s manufacturing industry

Under the background of global political and economic restructuring, COVID-19’s recovery and the trend of counter globalization, not only global supply chain and value chain are fragmented and reshaped, but also the upgrading and upgrading of China’s manufacturing industry and the rising value chain are also affected. Although the current globalization situation faced by China’s manufacturing industry is more severe than before, it is still necessary for China’s manufacturing industry to adhere to the globalization strategy.

Although the development level of China’s manufacturing industry continues to improve, under the background of the profound adjustment of the world economic structure and the increasingly fierce international competition in the manufacturing industry, the development of China’s manufacturing industry is also facing a series of problems: first, the change of Global trade rules affects the global layout of Chinese manufacturing, and Chinese enterprises are facing obstacles to going to sea; Second, made in China is facing the dilemma of “attack before and after”; Third, made in China is facing the “innovation encirclement and suppression” of western countries, which makes the rise of China’s industrial chain face difficulties.

Accelerate the whole process of domestic enterprises