Elon Musk declares allegiance to Dogecoin (Image: WCCFTech) Elon Musk declared his allegiance to Dogecoin causing its value to increase by 15% during this crypto volatility. The billionaire American businessman responded to a Twitter thread speculating about his Dogecoin holdings with the message: “I have not and will not sell any Dogecoins.” This move of Elon Musk immediately caused Dogecoin to increase in value after many days of falling. Earlier, the CEO of Tesla and SpaceX posted on Twitter a photo of a laptop with a $1 bill sticker on it with the caption: “How many Doge’s in the window.” If you look closely, you can see that this bill has a picture of a Shiba Inu dog, the symbol of Dogecoin, in place of President George Washington. Elon Musk’s post on Twitter (Image: Twitter) This is the second time this week that Elon Musk has publicly expressed support for cryptocurrencies, after making an announcement on Twitter that Tesla would hold onto its Bitcoins as the market shows signs of a market crash. Earlier, Elon Musk faced criticism from social media users when some suggested that he sold his Bitcoins when its price peaked in the market. Elon Musk responded by tweeting that the electric car company has a “Diamond Hand,” referring to traders who hold stocks when prices fall with the goal of making long-term profits. The drop in cryptocurrency value over the past few days is said to have started after Elon Musk posted an announcement saying that Tesla was temporarily suspending Bitcoin as payment for its car orders, due to concerns about the risk of loss of money. Bitcoin mining will have a bad effect on the environment. Since then, however, he has repeatedly said that the company will keep its Bitcoins and will allow the use of the cryptocurrency to trade again when mining becomes more stable. Elon Musk announced that he will not sell Tesla’s Bitcoin (Image: Twitter) According to the Cambridge Center for Alternative Finance, the Bitcoin industry’s annual energy consumption is on par with that of a country the size of Malaysia. And most of the mining is located in regions of China, where electricity is produced cheaply by coal-fired power plants. Tesla bought $1.5 billion worth of Bitcoin at the end of 2020 when the price of each Bitcoin was below $20,000 and sold 10% in early 2021 when the price of this virtual currency reached $50,000/Bitcoin, earning on a profit of 101 million USD.

She discussed with her husband to stop sewing and open a shop selling silk products. She named the silk establishment Dong Huong-grafted from the couple’s name as a guarantee to customers about the quality and origin of the product. Instead of mass production, many Dong Huong silk products are handmade. Therefore, the time and effort of the craftsman put into a silk product is also more. For example, to complete a scarf, it takes 5 hours to finish a handkerchief while a machine only needs 15-20 minutes. Completing a silk tie from cut, pressed, and hand-sewn takes 3 hours. The silk blanket is made up of hundreds of colorful silk fabrics that require 5 meticulous craftsmen to staple combs, sew hands … Ms. Thu Huong hopes that Vietnamese silk will gradually become familiar with domestic customers. Ms. Huong shared, just looking at the product can appreciate the craftsmanship and love of silk workers. A skillful and meticulous worker will give a steady, smooth path; on the contrary, the rush and rush can damage the silk. Huong especially loves and cherishes silk and wants products made by the company to be beautiful, perfect and diverse in designs and types. Dong Huong Silk Factory is one of the first establishments to market the “Miss Tam” ao dai wearing with skirts, which has become a “hot trend” for many women. Ms. Huong also launched a wide range of flare skirts, hugging skirts, long skirts and silk dresses for the evening parties, receptions … With shirts, she also designs many long designs; and silk scarves are attached to silk flowers to help women wear a scarf fast and still beautiful. Never been trained in fine arts and fashion, but with her sense of aesthetics and passion for silk, Huong always has unique innovations and creations on silk. For example, she has created the form of painting on high quality silk. From a white silk, she used the watermarking method, colored scales on the water, then gently put the silk on. Silk sheets are printed with special colors, creating beautiful, varied patterns and patterns, without any fragments. In addition, she also has hand-painted silk products with flowers and leaves, pictures of many landscapes … very beautiful. The color painted on silk is durable and soft, not cracked or broken like other silk printing. Ms. Huong said: “Me and the members of the company really want to bring Vietnamese silk closer to the Vietnamese people. In order for everyone to be able to use silk products in everyday life … When silk becomes more attached to life, silk making will have a chance to thrive again ”.

In addition to the rise in raw materials, the pressure brought by the appreciation of the renminbi and the high international shipping costs has not yet come to an end, Xinhua News Agency figured.

“Now it’s really troublesome!”

Cai Shaohua, general manager of Zhejiang Huajia Holding Group, did not achieve his wish. Originally, he expected that the exaggerated increase in raw materials could come down after March after the “good start.” rise”.

From the beginning of the construction in February, I was afraid to accept orders, and now I can’t resist the pressure and have to negotiate price increases with customers. Cai Shaohua uses “half stagnation” to describe the state of the recent months, “Although the customers understand the current situation. , But when it comes to price increases, communication will definitely take time.”

Bite the scalp to sign orders and ship products under pressure from a loss, what Cai Shaohua can do is to continuously increase inventory-on the one hand, the production capacity is minimized as much as possible, and on the other is the goods that are still negotiating price increases and are afraid to ship.

In the first quarter, foreign trade exports increased by nearly 40% year-on-year, and due to pressures such as the soaring of rare raw materials in recent years, such “half stagnation” has been forced to become the “new normal” for foreign trade manufacturing companies.

Inventory increased by 30% and the delivery cycle is 70 days longer

Since the beginning of this year, the prices of major products in the iron and steel, copper mining, petrochemical and other industries have continued the upward trend that started last year, and after setting a historic “good start”, they have not fallen as quickly as in previous years, but have continued to rise.

As an important raw material for industrial products, in less than a year, the price of London copper has risen from US$6,000/ton to more than US$9,000/ton, and Shanghai copper has also risen from more than 40,000 yuan/ton to nearly 70,000 yuan/ton. Nearly doubled.

As a Chinese wall-hung boiler manufacturer, Cai Shaohua’s main raw material is copper rods. The increase in copper prices has directly caused the company’s raw material costs to increase by nearly 50% this year.

The Mandarin Commodity Index rose to 182.49 on April 16, up 8.1% from January 29, of which the Industrial Product Index rose 10.2%. The increase of black varieties is particularly noticeable. The average settlement price of rebar futures in the first quarter reached 4,532 yuan/ton, an increase of 24.7% from the average price of the whole year in 2020, which was the highest level since the listing of rebar futures in 2009. The average settlement price of Shanghai iron ore futures reached 1062 yuan/ton, an increase of 39.7% from the average price of 2020.

“Raw materials have risen too much.” As an export manufacturer of electric bicycles, Zeng Xiansheng, general manager of Suzhou Mengshi Intelligent Vehicle Technology Co., Ltd. (hereinafter referred to as “Mengshi Intelligent”), told China Business News that the main material for electric bicycles is aluminum alloy. There are also motors, chips and rare earths. The prices of these materials have not only been high, but also often not available.

At present, the company’s orders have been scheduled until after June. Zeng Xiansheng, who “do not have to worry about orders”, has a headache because of the continuously delayed delivery cycle and the subsequent rising pressure on the capital chain.

“Now that raw materials are required to be paid in cash, the original billing period is gone. Many lithium batteries are prepaid and still not available.” Zeng Xiansheng said that in the past when raw materials were purchased, upstream companies would still give about 60 days of billing. , Now it’s the other way around, and if you give money, you have to wait in line for the goods. “There is a transmission that is even scheduled to 2023.”

The delivery cycle on the other end is also extending. Zeng Xiansheng’s delivery cycle is about 70 days longer than before. As far as Cai Shaohua is concerned, on the basis of increasing inventory by 30%, it is still unknown how much the delivery cycle will be extended.

While being forced to negotiate price increases and indefinitely extended delivery, companies also face the risk of loss of orders or decline in sales.

The direct consequence of being squeezed by both ends is that the pressure on the corporate capital chain has increased significantly, which in turn triggers a wave of corporate failures in a vicious circle.

CCTV’s previous survey of the manufacturing industry in Guangdong showed that some small household appliances companies that were unable to mold and process electrical accessories on their own went bankrupt when they were unable to withstand the price increase of general parts factories and were unable to receive orders in the short term.

Cai Shaohua is looking forward to the time node of May 1st, “March to May of each year is the off-season. We are still holding on to the wait and see. Let’s raise prices after May 1st.”

In fact, it is not only domestic small and medium-sized enterprises that are under pressure, but even international industry giants can’t help but raise prices one after another.

Recently, American body care and cleaning products giants Procter & Gamble and Coca-Cola have announced price increases, which has aroused the attention of the consumer market.

“This is the largest increase in commodity raw materials in my 33 years at P&G. This momentum may still exist for a long time.” P&G Chief Operating Officer Jon Moller said that this made him have to Announced an increase in the prices of daily necessities, from diapers to toilet paper, starting in September of this year.

The Coca-Cola Company also said that it cannot withstand the pressure of rising raw material prices, and the company has made a decision to increase product prices.

RMB enters the 6.4 era

In addition to the rise in raw materials, the pressure brought by the appreciation of the renminbi and high international shipping costs has not yet come to an end.

“If this continues, foreign trade people don’t want to do it anymore.” Li Qi, the person in charge of a garment foreign trade manufacturing company in the Yangtze River Delta, told China Business News that the pressure on foreign trade companies from the appreciation of the renminbi is not less than the impact of rising raw materials.

Since the beginning of the appreciation trend in the second half of last year, the renminbi has risen by nearly 10%. This is also the biggest and strongest rise in the impression of Li Qi, who has been in foreign trade for more than 20 years.

On April 22, the China Foreign Exchange Trading Center announced data that the central parity of the RMB against the US dollar was reported at 6.4902, an increase of 144 basis points.

Wang Tao, chief China economist at UBS, believes that the US dollar-renminbi exchange rate is expected to be around 6.4 at the end of this year, and may fluctuate widely driven by the exchange rate trend of the US dollar against major currencies. This also means that the renminbi is already in the 6.4 era.

Li Qi, who pays close attention to exchange rate fluctuations, believes that the renminbi will continue to appreciate. “One day in February, the offshore renminbi broke through 6.4 at some point and reached 6.39. Although it is not a long time, it may rise to 6.3 this year. Provided support”.

Compared with the end of last year, the tight situation of container transportation has eased slightly, but the freight rate is still at a high level, and the capacity arrangement is nearly a month and a half earlier than before.

Zhou Shihao, CEO of China’s one-stop international logistics service platform “Where to ship”, told CBN that in the past, orders for late May would not be arranged until May 15, but now the transportation plan for May has been arranged, “90 % Of the capacity has been arranged, and we will start to arrange the capacity for June next week.”

According to his observation, at present, whether it is shipping or air transport, or the China-Europe express train, it is already at the limit level. Due to tight shipping capacity and high freight rates, companies are beginning to need more digital information to combat anxiety and uncertainty.

Catalyzed by the epidemic, digitalization and e-commerce have also become high-frequency words in the field of foreign trade.

In the first quarter of this year, China’s foreign trade maintained a recovery growth. According to data from the General Administration of Customs, my country’s exports in the first quarter were 4.6 trillion yuan, a year-on-year increase of 38.7%. As an emerging trade format, cross-border e-commerce continued its good development trend last year, with exports increasing by 69.3% year-on-year, becoming one of the main forces for stable growth in foreign trade.

On April 22, Alibaba International Station announced the trend of foreign trade in 2021 and its digital overseas strategy. Zhang Kuo, vice president of Alibaba Group and general manager of Alibaba International Station, said that during the epidemic, the penetration rate of global e-commerce has increased significantly, and the trend of online procurement is irreversible. As the structural position of China’s supply in the world continues to increase, the dividends of cross-border e-commerce overseas are still there. It is a new opportunity for Chinese manufacturing to go overseas with high quality through branding.

Zhang Kuo told China Business News that in the global trade chain, raw material price increases and RMB appreciation and other costs transfer mainly depend on which party is stronger and which party has the right to speak. China’s manufacturing has the largest supporting role in the world, and it is especially irreplaceable during the epidemic. Therefore, from the data on the platform, we have not yet seen a significant price increase trend and market resistance to price increases, but it should be emphasized that Chinese manufacturing companies must seize the window period of the epidemic and gradually move from scale growth to quality increase.

The general manager of Huasheng Shuanglang (Beijing) Textile Co., Ltd., which develops antibacterial and deodorant textile fabrics, has made a wish and has been operating cross-border e-commerce business for more than 10 years. She told China Business News that the price increase of raw materials and the appreciation of the renminbi are likely to become the norm for a long time. Their response to rising raw material prices is to provide customers with more alternative fabric solutions out of a full understanding of raw materials.

Xu Xinxian said that they will now lock in the RMB price with their customers in the contract to avoid losses caused by the appreciation of the RMB as much as possible. With the help of platforms such as Alibaba International Station, they will also increase added value and efficiency by strengthening brand building, using a series of programs such as overseas warehouses, rapid foreign exchange settlement, and business loans.

Speaking of peony, people always think of Luoyang first. Just like the poet Shao Yong of the Northern Song Dynasty said: “Luoyang people are used to seeing wonderful flowers, peach and plum blossoms are not blooming. The must be peony blossoms, and the city is full of happiness.” Luoyang is known as the “thousand-year imperial capital, the city of peony”, Luoyang peony began in the Sui Dynasty, flourished in the Tang Dynasty, and became the best in the Song Dynasty. “Poetry hero” Liu Yuxi said, “Only peony is true national color, and when the flower blooms, the capital will move the capital”, it is even more important that the peony is the “king of flowers”, known as the “national color and heavenly fragrance”. Recently, the editor was shocked by the Luoyang peony “Yizhao”, which has been popular in the circle of friends. In the major peony gardens in Luoyang, there are more than 100 varieties of more than 600 varieties such as “Sea Yellow”, “Luoyang Red”, and “Neon Huancai”. Thousands of peonies are in full bloom one after another, rich and fragrant, and colorful, attracting countless tourists to come here, just for a glimpse of the grace and beauty of the national flower. Of course, the most eye-catching thing is the “Space Peony” that once carried the Shenzhou-8, which was carefully cultivated for 10 years and appeared at the Peony Festival, bringing endless surprises to tourists. Everyone knows that “Luoyang Peony is the best in the world”, but few people know that the city enjoying the reputation of “China’s Peony Capital” is not Luoyang, but Heze, Shandong. Maybe when you first heard about it, you would be as surprised as the editor, but when you walk into Heze, you will understand the meaning. Heze was called Caozhou in ancient times. It is well-known both at home and abroad for planting peony. It has a long history and scale of planting that is not inferior to Luoyang peony. The planting area of ​​Heze peony has exceeded 16,000 hectares, which is the largest in the world. Peony can be seen everywhere in Heze, whether it is in the fields or in the streets of the park. The peonies here are not only for viewing, but also the “golden key” to revitalize the local economy. Entering the Caozhou Peony Garden, there are more than 1,000 varieties of peony, with a total of nearly one million. Looking around, you can see that all kinds of peony flowers are blooming, and there is an unprecedented lively scene of blooming and prosperous times. The breeze is passing and dark. The fragrance floats, so many tourists are obsessed with it. Now that you have watched the “Flower King” peony, the peony, which is expensive as the “flower”, should not be missed, because there are many similarities between peony and peony. The two are quite similar in flower color and shape, and according to relevant historical records, peony was popular in the world long before the peony became famous, and even the original name of the peony was named after the peony. There is the sentence “April Yu Rongsai Peony”. To talk about the species of peony, Yangzhou was promoted in ancient times, because “Luoyang peony, Guangling peony” has been famous since ancient times. The cultivation of peony in Yangzhou has a long history, beginning in the Sui and Tang dynasties. It was once prosperous in the Song Dynasty, and has the reputation of “Yangzhou peony in the world”. It has a wide variety of varieties, elegant shapes, and full of fragrance. In the poems describing Yangzhou style by scribes of the past dynasties, the scene of chanting peony is common. The annual blooming season is in Yangzhou Slender West Lake’s exquisite flower world, Yizheng Peony Garden and other places. It is a common practice for tourists to appreciate peony. We know that peony is the famous flower of love and the representative flower of the Qixi Festival. It has a charming flower shape and gorgeous color. It is highly ornamental, but at the same time it is a good medicine for blindly curing diseases and saving people. In Bozhou City, Anhui Province, the world-famous “Hometown of Hua Tuo” and “Capital of Chinese Medicines”, this is the distribution center of white peony, one of the four famous medicines in Anhui. In fact, it was already famous as early as the Wei and Jin Dynasties. At the end of the Qing Dynasty, the planting of white peony root in Bozhou was even more prosperous. Today, as one of the important cash crops in Bozhou, the white peony plant not only ranks first in the country, but also accounts for more than 70% of the country’s total output. Every spring, the peony flowers all over the place compete to bloom, and the clouds and clouds attract countless tourists to watch, and it has become one of the most beautiful scenery in the local area.

The French are experts in perfecting looks with simplicity, while remaining lavish. One of the most popular and common decorative options found in fashion houses in France are large mirrors, gilded edges, and ornate sculptures. Antique carpet Scanning Instagram, every girl with great fashion sense shows off a house with at least one antique carpet. French girls love to add vignette and color to their apartment with a large and classic Persian rug. And it really feels luxurious and breathes into the classic breeze. This is a worthy investment Rattan chair (from outdoor use, it is brought inside) It is a place where they often sit to read books, sip coffee, watch the sunset or watch the rain, too romantic, right? The rattan chairs that we often see outside the cafes on the streets of Paris, are often used by them to highlight inside the apartment, making the living space more idyllic, more indifferent. same aesthetics. Vintage chandeliers Luxurious but not too ostentatious, choose vintage! In interior décor, the French are never too showy, but by nature they still like flashy things. And a chandelier vintage will solve that, it is not as extravagant as a modern new-style crystal chandeliers, but it is both lavish and humble. That is also the immortal value of the goods vintage Generally speaking. Wild flowers or dry plants Fresh flowers are often too brilliant and suitable only for special occasions, while dried flowers are more casual and gentle. The French girls will always have a bouquet of dried flowers in their apartment. It represents a very rustic and idyllic vibe, not intended to impress but unintentionally marked by individual feelings. Candle As long as you have candles in your house, you are closer to French style home décor. A shelf filled with candles, a lampstand and a jar of dried trees will radiate the liberal French spirit. If your apartment has a fireplace (real or fake) or a simple space in the corner, these are good places to put simple white candles of different heights. Divan If there was something very French it was definitely the couch. The couch was very popular in large French houses in the early 19th century. To this day, French girls still prefer to equip their home with a sofa to increase the elegance and classicism. Linen bed sets are comfortable and simple In the bedroom, comfort takes precedence over flashy beauty For the French girl, the bedroom decoration is very important, but it has a very minimal decoration. Quality and comfort come first so they won’t make things too complicated here. Linen , linen has gentle tones such as white, beige, and pink nude The grind of sage and gray leaves is what they consider to be perfect.

1. Remove outer cover: Some books, both hardcover and paperback, usually have an extra, detachable cover. In such a situation, removing the outer cover will help the user to have neat rows of books. Of course, if you do, the books will get more dust. But in return, you will have an attractive bookshelf with few books with wrinkles and curls. Image: Poshpennies . 2. Diverse arrangement: Instead of trying to cram all of our books onto the shelves in one fixed direction to maximize space, we can combine the vertical and horizontal stacking of books. That arrangement will help the bookshelf look richer and convenient to use. Books of the same dimension should be similar in size and color to enhance the aesthetic value. Image: Redtigerconsulting. 3. Sort by category: To be more precise, we should divide bookcases and bookshelves into many small areas, each area will be for a separate category or group of genres. In the simplest sense, the book can be sorted by author, genre: Fiction or non-fiction, classics or modern literature … Photo: Poshpennies. 4. Use basket or multipurpose boxes: In parallel with dividing bookshelves according to each separate topic array, users can combine the use of additional baskets or multipurpose boxes to store books. However, remember, use them in moderation because the main purpose is to create a highlight for your bookshelf. Image: Showerofrose. 5. Line up two rows : For book lovers and hobbyists, books will increase over time. So it is very important to arrange how the bookshelf can hold as much as possible while still ensuring aesthetics. A common solution used by many people is to line up two rows of books in each compartment. Users should arrange large books inside, baby books outside to create multi-layered effect. The drawback of this approach is that the books in the back row will be difficult to see and to access. Image: Blossomsandbullet . 6. In alphabetical order: This is the solution that many people choose when they need to clean up their bookcases. There is only one note that should be arranged in alphabetical order for individual authors and works. If you are confused, it will be very laborious to find it again. Image: Getliterary . 7. Group the unread books together : For ease of use, we should put the unread books in one place. Thus, it is possible to save time when needed while also being able to realize how much “debt” you have. Image: Researchcenter. 8. Sort by color : This is probably one of the most important principles when organizing bookcases. For a beautiful, eye-catching reading space, arrange them by color with specific priority: Color tone, tints and book size. In addition, books with vibrant colors should be placed in the middle compartments, while books with lower covers can be placed at the top or bottom. Image: Thewashingtonpost .

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Edit | Yuan Changyou

Xiao Gang, a member of the National Committee of the Chinese People’s Political Consultative Conference and former chairman of the China Securities Regulatory Commission, recently stated in the “National Wealth Lecture Hall” program that in the future, the proportion of financial assets in residents’ wealth will become higher and higher, and the capital market should become a carrier of wealth appreciation.

Xiao Gang said that in the past we mainly relied on indirect financing and used bank leverage to mobilize savings to support technological innovation and manufacturing investment. However, in the historical stage of building an innovative country, the development of direct financing, especially equity financing, has become an inevitable trend. The next step in the reform of the financial market should focus on expanding the role of direct financing, especially equity financing, in supporting technological innovation and industrial transformation and upgrading.

“Science and technology innovation requires a large scale of investment, a long investment cycle, and high investment risk. Many innovations ultimately fail. In this case, the use of bank credit may put a heavy burden on innovation entities. Bank borrowing is corporate debt and needs to repay the principal and interest, which will inhibit the enthusiasm of innovation entities. Direct financing, especially equity financing, fits the characteristics of innovation well.”

The development of the equity investment market requires reforms in many aspects. First of all, Xiao Gang said that many private equity investment funds currently invest in mid- to late-stage projects, while technological innovation often requires strong support for early-stage projects, which requires more long-term and patient capital. Therefore, it is necessary to introduce more incentive policies to attract capital investment in early-stage, technological projects to promote technological innovation.

Second, he said that the current comprehensive reform of the exchange market has achieved obvious results, but further reforms are needed to expand the proportion of equity financing. For example, the NEEQ has achieved initial results in last year’s reforms. It mainly serves private and innovative small and medium-sized enterprises. The development potential after the reform is worth looking forward to.

Regarding the over-the-counter trading and over-the-counter markets of securities companies, Xiao Gang emphasized that in the past we paid more attention to on-exchange and standardized trading, but in fact, there are over-the-counter markets that need to be standardized. “In the past, there were many problems in the OTC market, such as non-standardization, information asymmetry and opacity, lack of trust mechanisms, etc. However, with the help of financial technology, such as blockchain, big data, artificial intelligence and other technologies, it was combined with OTC transactions. It may make up for the shortcomings in the over-the-counter market in the past.”

Xiao Gang believes that the current share of financial assets in residents’ wealth is still low. With the reform and development of the equity investment market, the proportion of financial assets in the wealth of residents will become higher and higher in the future, and there will be a trend of “financialization of wealth”. Resident assets will no longer consist of real estate, but will have more financial instruments. In the future, the capital market should provide richer products and become a carrier for the appreciation of residents’ wealth, so that investors can obtain more property income.

[Sohu Think Tank: Gather the wisdom of scholars and entrepreneurs to get the pulse of economic trends. If you are interested in contributing or contacting on-site reports, interviews, and program cooperation matters, please send an email to zhikucaijing@sohu.com]