Yu Yongding: Without economic growth, the unemployment problem cannot be solved at all

YuYongding:Withouteconomicgrowth,theunemploymentproblemcannotbesolvedatall
AccordingtodatareleasedrecentlybytheNationalBureauofStatistics,thenumberofemployedpersonsinMarchfellbymorethan6%comparedwithJanuary,whichmeansthatmostpeoplehavenotresumedwork.Howtoviewthecurrentemploymentprospectsandhowtohelptheunemployed?SaunaNightNetworkinterviewedYuYongding,memberoftheChineseAcademyofSocialSciencesaroundtheseissues.YuYongdingbelievesthattheactualunemploymentsituationinChinamaybemoreseriousthanthestatisticsshow.Aftertheepidemicisbasicallycontrolledandtheworkhasbeenbasicallyresumed,thereisstillalongwaytohelptheexistinglargenumberofunemployedpeopleCrowd).SinceMarch,theUnitedStates,Germany,Japanandmanyothercountrieshavetakentheformofdirectpaymenttosupplementthepublic.Recently,China’seconomicscommunityhassharplysentmoneydirectlytohelppeopleindifficulty.ShouldChinafollowtheexampleofforeignsubsidiesforpayingmoney,includingthehard-to-reachfortheunemployed?”WorkingclassinWesterncountriesarefacedwiththeproblemsoftaxempowerment,lowsavings,andsubstantialexpenditures.Atpresent,theUnitedStates,Germany,Japanandothercountriesareinthestageofanti-epidemic.Stayathome.However,Chinahasbasicallypassedthestageofanti-epidemicreliefthatWesterncountriesarecurrentlyin,andnowitnolongermakessensetosendmoneyagain.”YuYongdingalsosaidthatfromtheperspectiveofselectingsupplementaryobjects,therearecertaindifficultiesindirectlyredeemingsupplementsinChina.”So,howtohelpthedifficultpeopleincludingtheunemployed?YuYongdingsuggestedthatfirstofall,theexistingoverallsocialsecuritysystemshouldbeputintooperationassoonaspossible,tocompletelycovertheunemployedagain,andtorebuildthedifficultiesofurbanunemployedandmigrantworkersforcedtostayathome.”Forthesourceofrelieffunds,thecentralgovernmentcansetupananti-epidemicreliefreliefproject.”YuYongdingsaidincrementallythatshort-termreliefmeasuresarenotsustainable.Tofundamentallyrescuelow-incomepeopleandsolvetheunemploymentproblem,thekeyistohavecertaineconomicgrowth.”Similarly,thereleaseofconsumercouponscanstimulatedemandintheshortterm,butthefundamentalwaytostimulateconsumptionliesineconomicgrowth.”Economicgrowthisthelastword.Witheconomicgrowth,employmentopportunitieswillincrease,residents’incomewillincrease,andconsumptionwillincreaseaccordingly,thusformingavirtuouscircle.Withouteconomicgrowth,itisimpossibletosolvetheunemploymentproblemandrescuethedisadvantagedgroups.”Tomakemoney,wemustfirstunderstandthepurposeofmakingmoney.”Unemployment.Howtoviewthecurrentemploymentprospects?YuYongding:AccordingtothedatareleasedbytheMinistryofHumanResourcesandSocialSecurity,fromJanuarytoMarchthisyear,2.29millionnewjobswerecreatedincitiesandtownsacrossthecountry,areductionofatleast95people,andthethree-monthdeclinehasnarrowed.TheunemploymentrateintheurbansurveyinMarchwas5.9%,aslightdeclinefromthepreviousmonth.Attheendofthefirstquarter,urbanunemploymentregisteredinthecountry3.66%.Thenationalregisteredunemploymentrateandtheurbansurveyunemploymentratearetwodifferentconcepts,atleasttheyshouldbeabletoimproveandreflectthetrueunemploymentsituation.Butatleast,becauseofstatisticalcoverageissues,peoplegenerallyfeelthatChina’sunemploymentsituationmaybemoreseriousthantheunemploymentratefiguresreflect.Accordingto2018figures,thenationalemploymentis7.8billion,towns4.4billion,migrantworkers2.900million(goingouttowork1)700million),2billionfarmers.AlthoughtheMinistryofHumanResourcesandSocialSecurityhasnotreleasedthespecificfiguresoftheunemployed,itisnotdifficulttoimaginethatduetotheimpactoftheepidemic,China’sunemploymentproblemisveryserious.Ofcourse,astheeconomyresumesgrowth,thenumberofunemployedwilldeclinesignificantly,buttheproblemsofunemploymentandinvisibleunemploymentcannotbesolvedimmediately.Infact,aftertheepidemicsituationisbasicallycontrolledandtheresumptionofproductionandproductionisbasicallyachieved,thereisstillaproblemofhowtorescuealargenumberofexistingunemployedpeople(notunemployedpeopleinthepast)foralongtime.SaunaNightNet:IntherecentChineseeconomicscommunity,thereisalotoftalkaboutdirectpaymentofsubsidies,includingthetrappedpeoplewithintheunemployed.ShouldChinafollowtheexampleofsendingmoneyabroadtoitscitizens?YuYongding:Firstofall,weneedtodistinguishclearlythepurposeofmakingmoney-isittofightagainsttheepidemicortostimulateconsumption(ortostimulatetheeconomy)?Duringtheperiodofanti-epidemic,moneywasreleasedtoalleviatethedifficulties.Inordertopreventandcontroltheepidemic,thegovernmentclosedthecityandaskedthepublictoreducetheirtravelandisolatetheirhomes.However,working-classworkersinWesterncountriesarefacedwiththeproblemsoftaxempowerment,lowsavingsandlargerigidexpenditure.Oncethefactoryisclosed,workerslosetheirsourceofincomeandlifemaybeintrouble.Intheeventthattheentireeconomicactivityhasbasicallyceasedtofunction,thestatemustprovideemergencyrelief(money)infunds.Otherwise,evenifthereismoneyinthehandsoftheworkingclass,iftheyarenotconfidentaboutthefuture,theywillinsistonworkingtomakemoney.Notlongago,thesubwayinTokyo,Japanwasstillverycrowded,butwhenthegovernmentannouncedthatitwouldissue100,000yensupplementtoeachresidentfromMay,thepeoplewhocrowdedthesubwaysuddenlydisappeared.Atpresent,theUnitedStates,Germany,Japanandothercountriesareinthestageofanti-epidemic.Thereasonsforthegovernment’smoneytobailoutthebailoutsaretomakeresidentsfeelathomeathome.Evenso,therearestillvoicesofmoralhazardcausedbyexcessivemoneyinsomeofthesecountries.However,Chinahasbasicallypassedthestageofanti-epidemicreliefinWesterncountries.Accordingtothechangesoftheepidemicsituation,theChineseeconomycanbedividedintothreestages:thefirststageistheperiodofanti-epidemic,inordertocontrolthespreadoftheepidemic,thegovernmentmusttakemeasurestosealthecity,sealthearea,andsealthecommunity;Inmanyareas,productionhasresumed;thethirdstageisthattheepidemicisbroughtundercontrolandeconomicactivitythroughoutthecountryreturnstonormal.NowChinaisenteringthethirdstage.Fromanationwideperspective,productionhasgraduallyrecoveredandthefactoryhasbasicallyresumedwork.Thatistosay,wehavepassedtheperiodtofighttheepidemicandrescuethehardshipsbysendingmoney,andnowsendingmoneynolongerhasthemeaningofrelieffromtheepidemic.Ofcourse,wecannotruleoutthepossibilityofrepeatedepidemics.Iftheepidemicsituationrecursinthefuture,wewillreturntotheperiodofproductionandworkstoppageagain.Intermsoftheselectionofsupplementaryobjects,therearealsoconsiderabledisadvantagesingeneratingsupplementsinChina.Whencompensating,thefirstquestionis:towhomdoesthismoneygo-isitlikeamillionaireandapoorperson,dopeoplehaveashareofcompensation,oronlytothepoor?Ifitisonlydistributedtopeopleindifficulty,whoshouldberescuedandwhoshouldnotberescued,howtoidentifytheobjectsthatshouldberescued?Evenwithvariousreasonsformakingmoney,itisstilldifficulttooperate.InJapan,notonlyallJapanesenationalsbutalsoallforeignerslivinginJapanaresupplementedwith100,000yen.ThereasonfortheJapanesegovernment’smoneyissimple:inordertoeffectivelypreventandcontroltheepidemic,leteveryone-whetherJapaneseorforeignerslivinginJapan-stayathome.Notonlythat,butthemethodofgenerationisalsoverysimple:thegovernmentsendsoutan“applicationinvitationletter”toeveryonebasedontheresident’sIDcard.”SeeWujin”)procedure.”Weneedtomaketheexistingoverallsocialsecuritysystemoperationalassoonaspossible”SaunaYewang:Sohowdoyouhelptheunemployedinyouropinion?YuYongding:Fortheunemployed,wecanbedividedintotwotypes:theurbanunemployedpeoplewhoareinsured,theuninsuredpeople,andinaddition,theurbanunemployedpeopleandmigrantworkersundercontract.Beforedecidingwhethertopayornot,weshouldfirstconsiderhowtoplaytheroleoftheexistingsocialsecuritysystem.Thesocialsecuritysystemsrelatedtotheissuesunderdiscussionmainlyincludetheunemploymentinsurancesystem,theminimumlivingsecuritysystemforurbanresidents,andtheruralsocialsecuritysystem.Firstofall,fortheurbanunemployedpeopleparticipatingintheinsurance,unemploymentinsurancefundsshouldpayunemploymentinsuranceforthem.Accordingtostateregulations,migrantworkersinparticipatingenterprisesshouldbepaidafull-timelivingsubsidy,sothattheycanreturntotheirhometownstoworkafterleavingtheiroriginalunits,andhavecertainlivingsecurity.TheoutbreakoccurredduringtheSpringFestivalholiday,anditwasduringthisperiodthatmigrantworkersreturnedhomefortheChineseNewYear.Migrantworkerswhohavenotyetreturnedtothecitycantemporarilystayinthecountryside,whichisconsideredtobeanoriginalformofemploymentinsurance.Aftertheepidemicisover,theycanreturntothecitytowork.Second,subsidiesareprovidedtoemployeeswhohaveparticipatedintheinsuranceandhaveneverbeenunemployed,butwhosewagesandincomeshavebeenseverelyaffectedbytheepidemic.Inordertoreducetheunemploymentrate,theMinistryofPeople’sInsurancehasintroduced”stabilizationofjobsubsidies”inrecentyears.Enterprisesthattakeeffectivemeasurestolayoffs,reducelayoffs,andstabilizejobscanapplyforstablejobsubsidies.Thesubsidystandardis40%oftheunit’sunemploymentinsurancepremiums,andtherequiredfundsareallspentfromtheunemploymentinsurancefund.Althoughitsrationalityisworthyofstudy,thissupplementcanindeedreducethereliefeffectinthecurrentsituation.Infact,incountriessuchasGermany,thegovernmentencouragescompaniesnottolayoffworkersbecauseoftheepidemic,andthegovernmentbearsasignificantpercentageofwages.Third,bailouttheunemployedthroughtheDibaosystem.TheNationalConventiononApril21statedthattheurbanandruralfamilieswhomeettheminimumsecurityrequirementsshouldbeguaranteed,andtheunemployedpeoplewhodidnotparticipateinunemploymentinsuranceandwhoseincomewaslowerthantheminimumsecuritystandardshouldbereducedtoreducetheminimumsecurity.Etc.Itispracticaltousethelocalminimumsecuritysystemtoreleaserelieftolocalunemployed.Theintroductionofthispolicyisverytimely,andthepartiesconcernedshouldrebuilditassoonaspossible.Fourth,wecanusethechannelsoftargetedpovertyalleviationtohelppeopleinruralareaswhoareindifficultyduetolossofwork.Fifth,throughtheunemploymentinsurancesystemtorescueunemployedurbanunemployedpeopleandbusinesses.ThenumberofpeopleparticipatinginChina’sunemploymentinsurancein2018was1.964.3billionpeople,comparedwiththenationalemploymentpopulation7.800millionpeople,theinsurancerateisonly25%.Thelowrateofparticipationissurprising.Inaddition,thegradualsurplusofunemploymentinsurancefundswas581.7billionattheendof2018.Thelowparticipationrateandlargebalanceseemtoindicatethatalargenumberofenterprisesthatreallyneedtoparticipateinunemploymentinsurancedonotparticipateinunemploymentinsurance.Ifyouassumethis1.9.6billionpeopleareurbanresidents,andtheinsurancerateforurbanresidentsisonly44.5%.Infact,therearealargenumberofunemployedurbanemployeesinChina.Whataboutunemployedurbanunemployed?Consideringthattherearealotofsurplusesintheunemploymentinsurancefund,asanextraordinarymeasureduringtheextraordinaryperiod,canthegovernmentconsiderusingsomewaytoborrowthesurplusoftheunemploymentinsurancemoneytobeusedastheunemploymentinsurancemoneyoftheuninsuredunemployedpeople?Canthe”stablejoballowance”beextendedtosmallandmicroenterprisesthatarenotparticipatingbutarestillstruggling.Sixth,thereisanotherethnicgroupthatcannotbeignored.Withtheimprovementoftheepidemic,alargenumberofmigrantworkershavereturnedtothecity,butsomepeoplearelivingonthestreetsbecausetheycannotfindjobs.Localgovernmentsmustmakeuseoftheexistingrescuemechanismorallocatespecialfundstohelpthesepeoplereturntotheirhometownsorperformotherresettlement.Inshort,wemustfirstreusetheexistingsocialsecuritysystemandchannels,andmaketheentiresocialsecuritysystemoperationalassoonaspossible,completelycoveringtheunemployed,andeliminatingthedifficultiesofurbanunemployedandmigrantworkersforcedtostayathome.Inaddition,beforetheeconomicoperationfullyreturnstonormal,asanextraordinarymeasureduringtheextraordinaryperiod,thegovernmentandfinancialinstitutionsshouldalsoconsiderhowtopostponedebtrepaymentandreducevariousrents,interestandpublicservicefeestohelplow-andmiddle-incomeworkingclass,especiallyItistheyoungpeoplewithlowincomeandlowsavings,whousuallyhavelargerigidexpenditures,andsmallandmedium-sizedindustrialandcommercialworkerstoovercomethedifficulties.However,weshouldalsoseethatallreliefmeasuresaretemporarymeasuresandhavenosustainability.Forexample,thenearly600billionUSdollarsinunemploymentinsurancesurpluscannotbemaintainedfortoolong.Tofundamentallyrescuelow-incomepeopleandsolvetheunemploymentproblemfundamentally,thekeyistohavethenecessaryeconomicgrowth.Withouteconomicgrowth,theproblemofunemploymentcannotbesolved.”Financialestablishmentofspecialexpenditureitemstohelppeopleindifficulty”SaunaYewang:Inadditiontothecoverageoftheexistingsocialsecuritysystem,isthereanyotherwaytohelptheunemployedtobailout?YuYongding:Whilemakingfulluseoftheexistingsocialsecuritysystemtohelptheunemployed,itshouldalsoconsiderusingfinancialfundstohelptheunemployedandinvisibleunemployedpeoplewhoarenotcoveredbytheexistingsocialsecuritysystem,especiallythosewhoarenotcoveredbythesocialsecuritysystem.Invisiblejoblesspeople.Wedonotknowhowmuchbailoutfundsthegovernment’sfinancesactuallyspentinthefirstquarter.Fromthenationalfiscalbudgetforthefirstquarterannouncedbythegovernment,itcanbeseenthatsocialsecurityandemploymentexpendituresare983.700millionUSdollars,ayear-on-yeardeclineof0.7%.Thisnumberisstaggering.Itstandstoreasonthatunderthisproject,governmentexpenditureshouldhaveincreasedsignificantlyratherthandecreased.Perhaps,thegovernment’sbailoutfundsarescatteredunderotherexpenditureitems.Thisyear,whetheritisthefinanceofthecentralgovernmentorlocalgovernmentsiscertainlyverydifficult,butalotofmoneymustbespent.Forexample,doctorswhohavemadetremendouscontributionsintheprocessofanti-epidemicdiseasemustbefullyrewarded,andcommunityworkersloyaltotheirdutiesshouldalsobefullycompensated.Allofthismoneyshouldbemainlypaidforbythecentralgovernment.Itisnotdifficultforthecentralgovernmenttosolvethefinancialconstraintsthatlocalgovernmentscannotovercome.AftertheWenchuanearthquakein2008,theMinistryofFinanceestablishedafund(fund)forreconstructionandreconstructionaftertheWenchuanearthquake.Aimingathelpingthehard-hitpeoplesufferingfromsuddendiseaseepidemics,thecentralgovernmentcanalsofollowthepracticeoftheyearandestablishananti-epidemicreliefaidproject.Relevanttemporaryexpendituresarebranchedunderthisprojectaspartofthegeneralpublicbudget.”Thefundamentalwaytostimulateconsumptionliesineconomicgrowth.”SaunaYewang:What’syourcommentonthelocalgovernment’swayofissuingconsumptionvouchers?YuYongding:Themethodofissuingconsumervouchersisdifferentfromthatofissuingmoney.Itsmainpurposeandfunctionistostimulatedemand.Fromtheperspectiveofstimulatingconsumption,itmakessensetoreleaseconsumercouponsratherthantoaccumulatemoney.Localgovernmentscanobtainconsumptionvouchersbasedontheirownfinancialresources.Issuingconsumervoucherscanstimulatedemandintheshorttermandcanbeusedasatemporarymethod,butitsroleislimited.Thefundamentalwaytostimulateconsumptionliesineconomicgrowth.Fromaneconomicperspective,therearetwomainfactorsthataffectconsumption:thecurrentincomesituationandtheexpectationoffutureincome.Fromtheperspectiveofincome,consumptionisafunctionofincome,andtheincreaseinconversionincomewillincreaseconsumption.However,therelationshipbetweenconsumptionandincomeisnotincreasedeveryyear,becauseconsumptionwillbeaffectedbyexpectations-evenifincomeisincreasednow,ifeveryoneisnotoptimisticaboutfutureeconomicexpectations,theymayalsosavemoneyandreduceconsumption.Similarly,ifyouareoptimisticabouteconomicexpectations,evenifyourincomeisnotveryhighnow,youmaybewillingtospendinadvance.Therefore,onlybyimprovingthecurrentincomestatusofresidentsandtheexpectationsofthefutureeconomywilleveryonebewillingtospendmoney,andbothofthesewillultimatelyrequireeconomicgrowthtoachieve.Myviewhasalwaysbeenthateconomicgrowthisthelastword.Witheconomicgrowth,employmentopportunitieswillincrease,incomewillincrease,andconsumptionwillincreaseaccordingly,thusformingavirtuouscircle.Withouteconomicgrowth,itisimpossibletofundamentallysolvetheunemploymentproblem,anditisalsoimpossibletoalleviatethedifficultanddifficultpeople.Ofcourse,thegrowthIamtalkingaboutisnotblindlypursuingthegrowthofpoliticalachievements,notthegrowthof”diggingandburyingpits”,butthegrowththatbenefitspeople’slivelihood,strengthenseconomicsecurity,andpromotesthegrowthofindependentinnovation.Inaword:sustainablegrowth.Sauna,YeWangHouRunfangEditorChenLiproofreadingLiuBaoqing

[Can pregnant women eat white vinegar]_Pregnancy_Can I eat

[Can pregnant women eat white vinegar]_Pregnancy_Can I eat

Vinegar is one of the most common seasonings in our lives. Adding vinegar to it can improve the taste of the dish, so basically many dishes will be added with a little vinegar.

But for pregnant mothers, pay special attention to dietary safety, so as to ensure the safety of the baby in the belly.

So for pregnant women who love to eat sour, can they add a little vinegar to their dishes?

Can pregnant women be jealous? Pregnant women can be jealous.

Generally, due to changes in hormone levels during pregnancy, the taste of pregnant women also has a corresponding deviation, especially in the first trimester, because the appetite of pregnant women is not very good, and acid food has become the favorite of most pregnant women.

Vinegar has a sour taste, and it has the effects of promoting digestion, increasing appetite, softening blood vessels, sterilizing and disinfecting, preventing colds, and strengthening the stomach. Pregnant women can add diet vinegar when eating, which can make the taste better, but not too much.
Taboo vinegar for pregnant women is a fermented sour liquid condiment. It is based on starch-containing grains (sorghum, yellow rice, glutinous rice, indica rice, etc.) as the main raw material, and bran and rice hull as auxiliary materials.
Vinegar is one of the main condiments in the pickling. It is mainly acidic and has an aromatic flavor. It is widely used and is the main raw material for sweet and sour flavor.

It can remove fishy and greasy, increase umami and flavor, reduce vitamin C loss during food heating, and dissolve calcium in cooking ingredients to facilitate absorption by the body.

1. Pregnant women should not be blind to acid.

Although artificially pickled sauerkraut and vinegar products have a certain sour taste, vitamins, proteins, minerals, sugar and other nutrients are almost lost, and the carcinogen in pickles has a high content of nitrite, which is too much to eat.Obviously not beneficial to maternal and fetal health.

Therefore, pregnant women who like to eat sour food, it is best to choose fresh fruits that are both sour and nutritious. This can not only improve the corrective symptoms of the digestive tract, but also increase appetite and strengthen nutrition, which is beneficial to the growth of the fetus.

2, pregnant women excessive vinegar is one of the culprits leading to deformities.

Especially around the first half of pregnancy, a large amount of acidic foods can easily cause acid-base imbalance in the body, which can cause fatigue and weakness.

If pregnant women have upset stomachs and hyperacidity, vinegar can also exacerbate the symptoms.

Because vinegar will completely corrode the adhesive membrane of nitrate and aggravate the development of ulcer disease, and vinegar itself is rich in organic acids, which can make the digestive organs secrete a large amount of digestive juice, thereby increasing the digestive effect of gastric acid.

Therefore, expectant mothers should be less jealous during pregnancy, so as not to increase stomach acid and increase ulcers.

[Baily Sweet Hazelnut Qifeng’s Practice]_Bailey Sweet Hazelnut Qifeng’s Home-made Practice_Bailey Sweet Hazelnut Qifeng’s Practice Daquan_Baili Sweet Hazelnut Qifeng How to do

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[Do you put rock sugar or white sugar in wine?

】 _How to do _ Daquan

[Do you put rock sugar or white sugar in wine?
】 _How to do _ Daquan

When many people are making wine, everyone thinks that delicious grapes can make good wine. In fact, you must choose grapes with red and sour skin to make the wine more fragrant, and the darker the color, the better.There are many precautions when making wine, and the step-by-step process must be understood. Especially when making wine, whether to put rock sugar or white sugar has become a concern for many people. Residual pesticides may be left.It is very important. Generally speaking, it is best not to wash the grapes that you buy, because homemade wine fermentation is based on the fermentation of wild yeast microorganisms attached to the surface of the grapes.Use a brush and do not disinfect the grapes. Make sure that the wild yeast survives.

In industry, grapes are not washed. Many large wineries have their own plantations, which are used to replace pesticides and fertilizers. If there are pesticides on urban surface grapes, there will be spots on the epidermis.

Dry the grapes After washing the grapes, put them in a basket to fully dry the water, or hang them up to dry.

Selecting the container The wine jar can be a ceramic jar or a glass bottle, but it is not stated to use a plastic container, because plastic is likely to chemically react with alcohol and endanger human health.

Large-capacity medical wide-mouth bottles can be selected. It is suitable to hold 15-20 kg of grapes, because the glass bottles can see the fermentation status inside.

Bottling for the first fermentation: The crushing method is very simple, just crush the grapes, just separate the skin and flesh, put the skin and seeds together, and put it in two-thirds of the container (the remaining space is reservedGive the space for the grape skin to rise during fermentation) Fermentation is the fermentation of sugar in grape skin juice through yeast to produce alcohol and carbon dioxide. The pre-fermentation process of red wine is mixed with skin juice, and the yeast has accepted the juice when the grapes are broken.Because yeast is present in the white frost on grape skins, homemade wine can be fermented without adding yeast.

The best fermentation temperature is 15?
25 ° C, exceeding 35 ° C, but it is easy to dissipate heat in a small container for fermentation, which can generally reach no more than 32 ° C.

When the skin juice fills the container, fermentation usually begins after one day.

The liquid surface started to be calm. At this time, weak cardiovascular bubbles had been generated, indicating that the yeast had begun to reproduce. After 2?
A large amount of carbon dioxide was released in 3 days, and the skin dregs floated into a layer of caps. After tasting fruit juice, the sweetness gradually decreased and the wine taste gradually increased.

During fermentation, the floating grape skin should be pressed into the juice twice daily with sterilized chopsticks, so as to prevent the grape skin from mold and sour, and at the same time, the pigment on the skin can be dipped into the juice.

Yeast facultative anaerobic, alcohol is produced when oxygen is insufficient, so keep it sealed to make the fermentation more vigorous.

After the climax, the fermentation momentum begins to weaken. At this time, sugar can be added. The sugar is dissolved with grape wine, instead of adding sugar after hydration. After the sugar is completely dissolved, continue to ferment in the container. Finally, the carbon dioxide is released to a weak andIt is close to calm, the alcohol taste is very strong, the sugar content is reduced to less than 1%, and the juice starts to be clear, that is, the fermentation is finished, and the skin juice is separated.

Sugar fermentation is the process by which microorganisms consume sugar in grape juice to secrete alcohol. Wine-making grapes generally contain 13-15 grams of sugar per 100 grams. According to experience, each gram of sugar can produce 0 after fermentation.

Alcohol at about 6 degrees, so the sugar of the grapes alone can only make 8-9 degrees of wine. To make wine of 12-15 degrees, it is obviously necessary to add sugar.

It can be sweetened according to the ratio of 10 kilograms of grapes and 1 kilogram of white sugar. The resulting wine is about 10 degrees, similar to the dry red sold in the market.

Sugar is usually added before.

For the first time, add half of the grapes 24 hours after supplementing the grapes, and add the remaining part after 3-4 days depending on the fermentation.

Generally adding 17 grams of sugar per liter of grape juice can increase it by one degree.

In addition, the use of rock sugar is not ideal, because the slow dissolution rate of this crystalline sugar will cause the grape juice to shift the internal fruit juice to a high degree of uneven sugar concentration, which is not conducive to balanced fermentation.

[How to eat sweet potato stalks]_How to make_How to make

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[Comprehensive Pork BBQ Practice]_How to_How to do

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Sailun Tire (601058) Company Dynamic Comment: Volume and Price Rise to Help Three Quarterly Reports Exceed Expected Results Equity Incentives Reveal Company Development Ambitions

Sailun Tire (601058) Company Dynamic Comment: Volume and Price Rise to Help Three Quarterly Reports Exceed Expected Results Equity Incentives Reveal Company Development Ambitions
Event: The company released the third quarter performance report for 2019, and the company achieved revenue of 113.27 ppm, an increase of 10 in ten years.14%; net profit attributable to mother 9.51 ppm, an 83-year increase.84%; net profit of non-attributed mothers 9.34 ppm, an increase of 97 in ten years.28%.The company achieved revenue of 42 in the third quarter.35 ppm, an increase of 13 in ten years.87%, net profit attributable to mothers4.440,000 yuan, an increase of 123 in ten years.01%, realizing net profit deduction for non-return to mother 4.530,000 yuan, an increase of 148 in ten years.twenty four%.Report information, the company’s net cash flow from operating activities17.8.7 billion, an annual increase of 153.43%. The volume and price of tire products rose, and the company’s single quarter net profit reached a record high: in the first three quarters of 2019, the company gradually produced tires 2860.980,000 articles, an annual increase of 6.70%; tire sales are gradually 2921.840,000 articles, an annual increase of 7.04%; of which the company achieved tire production in the third quarter of 991.400,000 articles, an increase of 16 each year.04%, an increase of 0 from the previous month.23%, achieving sales of 1033.520,000 articles, an increase of 13 each year.31%, an increase of 8 from the previous month.62%.In terms of single tire prices, the company’s average singleton price in the first three quarters of 2019 was 342.91 yuan / article, an increase of 10 in ten years.95%, of which the average singleton price in the third quarter was 353.99 yuan / article, an annual increase of 5.64%, an increase of 2 from the previous quarter.twenty four%.In the context of the overall fluctuation of the automotive market, the company’s tire product volume and price rose, and the company achieved net profit attributable to its mother in the third quarter.440,000 yuan, an increase of 123 in ten years.01%, an increase of 37 from the previous month.46%, single-quarter net profit hit a record high. The four rates remained stable, and the cost reduction helped the gross profit margin increase: It was reported that the company achieved a tire gross profit margin of 23.61%, an increase of 4 per year.49 pct, including a single quarter gross margin of 26 in the third quarter.00%, an increase of 5 a year.75 pct, a decrease of 0 from the previous month.51 points.The increase in gross profit margin was mainly due to the decline in raw material costs. According to the company’s announcement, the company’s four main raw materials, natural rubber, synthetic rubber, carbon black, and steel cord, fell in the third quarter.90%.In terms of expense ratios, the number of reports and the company’s four expense ratios total.83%, a small increase of 0 a year.27 pct, of which sales expenses, management expenses, R & D expenses and financial expenses accounted for 6 of operating income.38%, 3.11%, 1.69% and 1.65%, which is -0 from the same period last year.04 pct, +0.33 pct, +0.23 pct and -0.25 pct. Equity incentives indicate development ambitions and are optimistic about the company’s high long-term profit growth rate: In October 2019, the company issued a stock incentive plan implementation budget, and the number of supplementary shares granted this time was 1.3.5 billion shares, accounting for total share capital4.99%, the grant price is 2.04 yuan / share, the number of incentive objects granted is 44, including directors, senior managers, middle management personnel and core employees in the company (including branches, wholly-owned subsidiaries and holding subsidiaries) at the time of this incentive plan.This income stock incentive plan is based on the 2018 net profit. The net profit rate for 2019-2021 is no less than 30%, 60%, and 90% compared to 2018.This equity incentive plan will not only help improve employee cohesion and investor confidence in the company, but also highlight the company’s long-淡水桑拿网term development ambitions to become bigger and stronger. Investment suggestion: The company is an excellent domestic tire company. The introduction of domestic tire companies will gradually enhance the competitiveness of the company, and national tire brands will have the development potential.At present, the company’s brand value and capacity advantage are still on the rise, and the company’s competitive advantage is gradually expanding. We are optimistic about the company’s continued growth in performance and believe that the company has the potential to become a world-class tire company.The company is expected to achieve revenue of 152 in 2019-2021.2.3 billion, 168.2.9 billion, 189.3 billion, an increase of 10 years.2%, 10.6%, 12.5%; net profit attributable to mother 12.32 billion, 14.3.1 billion, 16.8.2 billion, an increase of 84 in ten years.3%, 16.2%, 17.6%, corresponding to PE in order of 8.44、7.26, 6.18 times, maintaining the “highly recommended” level. Risk reminder: the risk of natural rubber price fluctuations, the new production capacity is less than expected, etc.

Gree Electric (000651): Beautiful revenue growth over the past 18 years

Gree Electric (000651): Beautiful revenue growth over the past 18 years

Gree Electric released the 2018 annual report.

The company initially realized a total operating income of 2000.

2.4 billion, with operating income of 1981.

23 ppm, an increase of 33 in ten years.

61%; net profit attributable to mother was 262.

30,000 yuan, an increase of 16 in ten years.

97%.

Among them, Q4 achieved total operating income of 499.

74 trillion, +31 ten years ago.

53%; net profit attributable to mother is 50.

840,000 yuan, at least -26.

75%.

The 2018 dividend distribution plan is to distribute 15 yuan for every 10 shares to all shareholders, a total of 90.

2.4 billion.

In the semi-annual of 2018, the company distributed a cash payment of RMB 6 to all shareholders for every 10 shares, a total of 36.

09 million yuan.

Looking at the two dividends in total, the dividend distribution ratio in 2018 reached 48.

twenty one%.

The company’s 19Q1 revenue and profit increased by a small number.

1Q1 achieved operating income of 405.

48 ppm, a ten-year increase2.

49%; net profit attributable to mother 56.

72 ppm, an increase of ten years.

62%.

Realize net profit after deduction of non-return to mother 51.

1.4 billion, an annual increase of 22.

16%.

In the same period last year, the investment income and gains and losses from changes in fair value recorded in the non-China economy were as high as 13.

200 million US dollars, resulting in the overall non-economic part of the impact on profits, the company’s 19Q1 revenue of this part was reduced to 3.

300 million yuan.

Earnings reached 2,000 trillion at the beginning of 18, and the revenue growth was beautiful.

In terms of main business, the air conditioner initially achieved revenue of 1,556.

8% ten percent, an annual increase of 26.

2%; 18H2 affected by the end of the industry’s replenishment inventory cycle, air-conditioning revenue growth in the second half of the short-term to 16.

1%.

However, the rapid growth of other business segments of the company in the second half of the year kept the annual revenue growth rate at 33.

3%, up to 2000 trillion.

In terms of sub-sectors, the small home appliance business has long-term growth of 64.9% reached 37.

USD 9.4 billion, long-term growth in smart manufacturing46.

2% reached 31.

09 ppm, an increase in other main businesses, mainly sales of parts and components84.

0% up to 80.

07 million yuan, and other business long-term growth of 71% to 275.

300 million; by region, the company’s main business, internal sales realized revenue of 1483.

20,000 yuan, an annual increase of 30.

5%; export sales are expected to achieve revenue of 222.

7 ppm, an increase of 20 in ten years.

4%.

The decrease in the proportion of air-conditioning business resulted in an improvement in the gross rate, and the increase in the management expense ratio resulted in a decrease in the net profit ratio.

In terms of single air conditioner business, gross profit margin for 18H2 air conditioners increased by 2.

5pct to 38.

5%, but based on the high growth rate of other business segments, the gross margin level is lower than the gross margin of air conditioning business, the company’s gradual change in operating gross margin.

63 points to 30.

23%, the final gross sales margin (gross margin-sales expense ratio) increased by 0 every year.

98 points.

The company’s 18 lowest management expenses (including research and development expenses) rate increased by 1.

63pct, in which the R & D expense ratio is increased by 1.

08 points.

Taken together, the gross-to-sales ratio has decreased, and the combined management expense ratio has increased, and the company’s overall net profit rate has decreased by one.

83pct to 13.

1%.

In 19Q1, the gross sales margin increased slightly, and half of the net profit margin dropped slightly.

In 19Q1, the company’s comprehensive gross profit margin dropped by 0.

32pct, the selling expense ratio drops by 0 every year.

70pct, gross pin difference goes up by 0 per second.

38pct, we judge that the company may give some support to dealers on the rebate policy.

The management expense rate increases by 0 every year.

4 points to 5.

2%, of which the R & D expense rate rose 0 in six months.

24pct to 3.

0%, long-term financial expense ratio rose to 0.

22pct to -0.

06%, the final Q1 net interest rate fell slightly to 0 in the short term.

11 points to 13.

83%.

Short-term operating pressure has increased, and the overall statement remains healthy.

At the end of the period, other current coefficients increased by 30 trillion from Q3, and advance receipts decreased by $ 3.7 billion from Q3, indicating an increase in short-term accrued rebates and increased operating pressure from dealers.However, the company’s net operating cash flow at the end of the period was 269.

4 megabits +64.

9%, cash + wealth management + bill assets of nearly 160 billion yuan, the overall operating quality and asset quality remain.

In 19Q1, the company’s other current debts and advance receipts increased slightly from the previous month (other current resistance +9 trillion, advance receipts +400 million US dollars). We judge that the company’s Q1 operating conditions have remained basically stable compared to the end of last year.

Investment advice and profit forecast.

After the 17th Annual Report did not pay dividends, Gree’s original high-grade debt investment logic increased in uncertainty, but we believe that the distribution of dividends will continue to increase after the distribution and transfer event.

From a fundamental point of view, we judge the company’s industry leader’s advantages to be intact, the estimation and performance matching are still high, and the long-term value remains stable.

We believe that in the long run, the ceiling of air-conditioning is still far away, and the leading market is gradually shaking under the logic of strong Hengqiang. From the perspective of prediction, the company’s absolute estimate is still low, and the PE industry in the benchmark industry and international leading companies have obvious discounts.

The difference 北京男士会所 between the company’s original and Midea Group is poor. We believe that one is that the company’s business structure is single, the dispersion is not smooth, and the other is that the company as a state-owned enterprise, the overall corporate governance and executive incentive mechanism is not as beautiful.

However, in general, the company ‘s domestic consumer electronics sector is growing, and after the completion of the distribution and transfer event, we believe that the corporate governance structure is expected to be better optimized, and the estimated difference with Midea is expected to narrow.

Therefore, we predict that EPS will be 5 in 19-21.

01 yuan, 5.

85 yuan, 6.

84 yuan, giving a 10-12xPE estimate for 19 years, corresponding to a reasonable value range of 50.

10 yuan-60.

12 yuan, maintain the “preliminary market” rating.

risk warning.

Channel inventory risk, terminal demand is less than expected.

Zoomlion (000157) company dynamic comment: steady downstream demand growth and steady improvement

Zoomlion (000157) company dynamic comment: steady downstream demand growth and steady improvement

Event: On January 16, 2020, the company announced the 2019 annual performance forecast. The company expects to realize a net profit attributable to its mother of US $ 4.3 to 4.5 billion in 2019, an increase of 112.

89% to 122.

79%.

Significant growth in performance and long-term stability.

The company expects to achieve a net profit of $ 4.3 billion to $ 4.5 billion in 2019, an increase of 122 per year.

89% to 122.

79%.

The company’s Q1-Q3 2019 has achieved revenue growth of 41.

76% / 51.

23% 50.

96%, achieving a net growth rate of 165.

98% / 198.

11% 167.

At 08%, the company’s performance continued to improve, and the growth rate maintained a high level and stable growth range, mainly due to the following four aspects: the prosperity of the construction machinery industry, deepening intelligent manufacturing, focusing on emerging products, continuing to promote overseas base construction and effective cost control.

Benefiting from the steady growth of downstream demand such as real estate and infrastructure, the company’s main core product market share ranks among the top two in the country, which is expected to benefit significantly from the high prosperity of the construction machinery industry.

Due to the steady growth of real estate and infrastructure demand in the downstream industry in 2019, the construction machinery industry continues to boom. According to the Construction Machinery Industry Association’s forecast, the overall industry sales in 2019 will increase by more than 10%.

The company’s three core products, the tower crane market share of over 40%, ranked first in the country; truck cranes postponed to 2019Q3, the market share reached 28%, ranked second in the country; concrete machinery and Sany Heavy Industry tied for duopoly.

The company’s three core product leaders have a significant level. Taking advantage of the rapid development of the construction machinery industry, its high market share has helped its performance increase significantly.

Deepen intelligent manufacturing and focus on emerging products.

The company is intelligent again, as of the third quarter of 2019, concrete pump trucks, tower cranes, construction cranes, etc.4.

The market coverage of the core products of the 0 series has increased. Intelligent factories for tower cranes and intelligent production lines for high-altitude operation machinery have been completed. Intelligent, automated and flexible production has been achieved, and market competitiveness has been further strengthened.

In terms of emerging products, the company’s technical advantages in lifting equipment have driven the aerial platform business. Until the first half of 2019, the company’s aerial platform platform revenue exceeded 1.

700 million, mass production through the arm-type intelligent production 深圳桑拿网 line of aerial work platforms, the company is expected to become the first echelon enterprises in the field of aerial work platforms.

In addition, earthmoving machinery has aggressively attacked the market, completed the national provincial sales service network layout, and launched new ZE60E-10 and ZE75E-10 small digging products. Its fuel consumption and efficiency advantages are outstanding, and it is expected to become the company’s future strong growth point.

Continue to promote the expansion and upgrading of overseas bases.

The company is a major equipment manufacturing enterprise benefiting from the “Belt and Road” strategy. It has built industrial parks or production bases in countries along the “Belt and Road” countries such as Belarus, Kazakhstan, India, Pakistan, India, and Thailand, and has achieved the transition 西安耍耍网 from “going global” to”Going in” overseas development strategy of localized operation, deeply cultivating overseas markets.

The construction of the company’s Zhongbai Industrial Park project was completed and put into operation at the end of 2019; the planning and design of the Indian Industrial Park was completed and it will be built into a comprehensive production and manufacturing base integrating research, production and sales along the Belt and Road. The company continues to promote overseas development.

Investment suggestion: Aiming at the high degree of prosperity in the construction machinery industry, the company has achieved outstanding results in deepening the research and development of new products in intelligent manufacturing, and gradually promoted overseas development. The company is expected to continue high growth.

According to model calculations, the net profit attributable to mothers is expected to be 44 in 2019-2021.

6.2 billion, 53.

5.8 billion, 59.

280,000 yuan, EPS is 0.

57 yuan, 0.

68 yuan, 0.

76 yuan, corresponding to PE is 10 times, 9 times, 8 times.

Risk reminder: raw material risk, exchange rate risk, R & D advancement, infrastructure investment growth rate is less than expected, loosening of national environmental protection policy leads to increased equipment renewal demand, increased market competition, and company market share risk

Sunlord Electronics (002138): Leading domestic inductors have long benefited from 5G and localization

Sunlord Electronics (002138): Leading domestic inductors have long benefited from 5G and localization
Investment suggestion: Domestic inductance leader, localization, and category expansion bring steady growth.1) The first domestic chip leader and the third chip leader in the world, located in the middle and upper reaches of the electronics industry chain, with high added value and a good competition pattern. We believe that the inductor business will benefit from the increase in 5G terminal inductor usage and localization trends; 2)Relying on nearly 20 years of process accumulation and customer resources, the company has extended to multiple product lines such as automotive electronics, dielectric filters / circulators, LTCC, precision ceramics, etc., benefiting from 5G, new energy vehicles and other trends, has gradually entered the harvest period. Looking forward to 2020, we believe that 1) the inductance business will continue the good trend since 4Q19, and the double rise in revenue and profit margins is worth looking forward to. It has transformed into the penetration of brands such as Huami OV and global RF front-end manufacturers. The company’s shareWill also continue to improve; 2) Automotive electronics, dielectric filter / circulator and other businesses will also usher in more flowers, contributing to high growth. The reason is that the inductor boom is picking up, 5G stocking, and share promotion bring growth momentum.2020 is the key year for 5G mobile phone shipments. Driven by the stocking of 1H20 5G mobile phones, we see the inductor industry rebounding in 4Q19. We expect the laminated inductor boom to continue to the end.The 5G mobile phone stand-alone inductor usage has increased by 30-50% compared to 4G mobile phones, and the 01005 type accounted for an increase, driving the value of the single machine to increase by more than 50%.Sunlord has broken the Murata monopoly in 01005 type inductors. The expansion of large domestic customers and overseas RF manufacturers is progressing smoothly, and the expansion of production is positive in the next two years. We believe that further prospects have been added. In line with 5G, automotive electronics trends, category extensions bring multi-dimensional contributions.Based on the two technical routes of stacking and winding, and actively expanding product categories, we expect: 1) Automotive electronics 1H19 revenue will increase by 400%, and product certification will be smooth.Driven by the overall recovery of the auto market and the trend of automotive electronics, this year and next are expected to achieve doubled growth.2) The company’s dielectric filters / circulators are expected to increase in volume this year and continue to achieve high-speed growth in 2021.3) Precision ceramics, tungsten capacitors, wireless charging, and consumer transformers are welcoming growth. Driven by the volume of multiple product lines, we estimate that the proportion of non-inductive business revenue will increase year by year 武汉桑拿 from about 39% in 2018, and is expected to exceed the revenue of inductors by 2021. Earnings forecasts and estimates take into account the increase in demand for the main inductor industry, the rebound in the economy and other multi-product lines to bring multi-dimensional power. We raised Sunlord Electronics 19 / 20e EPS 2% / 7% to 0.51/0.80 yuan, date 21e EPS1.07 yuan.The company’s current consensus corresponds to 20 / 21e P / E 28.3/21.1x, maintain outperformed industry rating, and consider the overall expected improvement of the industry, raise target price by 7% to 32.0 yuan, corresponding to 20 / 21e P / E 40.0/29.9x, compared to the current 41% upside. The risk inductor boom recovered less than expected; the penetration of the ceramic case was less than expected.