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Increasing demand worldwide Oil price close to $ 100?

Status: 23.06.2021 3:10 p.m.

Oil is more expensive than it has been in two years. Experts warn of a supply crisis: The prices for crude oil and thus also gasoline, kerosene and heating oil could soon rise much higher.

From Angela Göpfert, tagesschau.de

Oil prices hit new multi-year highs this week. For the first time in two years, a barrel (159 liters) of the North Sea Brent cost more than $ 75 again. For a barrel of the US West Texas Intermediate (WTI) variety, more than 73 dollars were paid on the market – the highest amount since October 2018. Rising oil prices – something that businesses and consumers may need to get used to. According to some experts, the new multi-year highs in oil prices, which many consumers are already feeling painfully at gas stations or when buying heating oil, are just the beginning of a longer upward trend in the oil market.

Analysts predict rising oil prices

The experts at the US investment bank Goldman Sachs expect the Brent price to rise to $ 80 this summer. But that is not the end of the story. An oil price of $ 100 is a “real possibility”. Alex Sanna, top oil trader at Glencore, the world’s largest commodity trading group, also said, according to the Financial Times, that an oil price of $ 100 is becoming increasingly likely.

The experts at JPMorgan even see a new oil super cycle looming and recently renewed their forecast of an oil price of $ 190 in 2025.

Demand congestion as a price driver

Francisco Blanch, raw materials expert at Bank of America, may not look quite that far into the future. For this he has the most precise 100-dollar forecast ready: the oil price could crack the round mark as early as 2022. The market hardly changes on the supply side – and this in turn is offset by an immense backlog of demand. It is easy to explain where this backlog of demand comes from: Just as many private households restricted their consumption during the pandemic, so too many companies put the necessary investments aside. Now that the global vaccination campaign is gaining momentum, at least in the major industrialized countries, consumers, companies and economies have a lot to catch up on.

Delta variant is a risk factor

The more relaxed Corona situation and the awakening global economy are leading to higher demand for crude oil, gasoline, diesel – and kerosene. Oil expert Blanch sees the rising travel industry as a major price driver.

The delta variant of the virus from India, which could lead to a further tightening of the corona measures, is currently also posing a risk to the economy.

Signal of a shortage of supply

In search of signs of whether demand is actually exceeding supply at the moment, it is worth taking a look at the market for so-called oil futures. Current oil futures contracts are quoted there higher than contracts with delivery at a later point in time. Such a constellation, referred to by experts as “backwardation”, is rather unusual and a clear indication of fear of scarcity – “and thus for further rising prices”, as market expert Robert Rethfeld from Wellenreiter-Invest emphasizes.

A price corrective called fracking

The rising prices should actually make re-entry into the oil market attractive for the US shale industry. In the past, the US frackers acted as flexible price correctors on the oil market: If prices rose, more shale oil was drilled in the short term, supply increased, prices fell again.

As a reminder, the last time oil traded above $ 100 was in 2014, when a rapidly growing supply from the US fracking industry brought an abrupt end to the last oil super cycle.

Sustainability trend slows US oil industry

But this mechanism doesn’t seem to work that well anymore. This is due on the one hand to the new US President Joe Biden, who imposed a stop on oil and gas drilling on state-owned land in January, and on the other hand to the global trend towards sustainable investment.

“The number of active US oil wells is increasing only slowly,” emphasizes wave rider expert Rethfeld. “The investors do not want to see an expansion of the production capacities at the moment, but instead demand investments in renewable energies.”

Iran as a risk factor

The production countries of the OPEC + oil cartel, especially Saudi Arabia and Russia, could benefit from the West’s climate policy. It remains to be seen how willing they are to expand production to fill the void left by the US oil industry.

Especially since there are supply risks on the part of OPEC: “After the election of an ultra-conservative cleric as the new president, Iran will have a hard time overturning US sanctions and increasing oil exports,” said Eugen Weinberg, raw materials expert at Commerzbank .

Inflation Risks Before Revaluation?

Should the oil price actually rise further towards 100 dollars, this would inevitably lead to a reassessment of the inflation risks in the financial markets, since the oil price is one of the main drivers of consumer prices.

Just yesterday, Jerome Powell, head of the US Federal Reserve (Fed), told the House of Representatives budget committee again that the Fed was considering the current high inflation rates a temporary phenomenon considered. However, market expert Rethfeld emphasizes: “Any oil price above $ 100 would suggest to the public that Powell is wrong.”

Capital Medical University is a key institution of higher learning in Beijing. It has been selected as one of the first pilot universities of the “Excellent Doctor Education and Training Program” in the country, Beijing’s “Belt and Road” national talent training base, and a founding member of the Beijing-Hong Kong University Alliance and Beijing University Alliance for Excellent Medical Talents Training .

In 2021, what changes will be made to the admissions policy of Capital Medical University? In this episode, we are fortunate to invite Wu Ping, Director of the Admissions Office of Capital Medical University, as a guest at Sohu Education.

Highlights:

l The long-term clinical medicine, stomatology, and pediatrics majors are the “5+3” integrated high-level talent training model, and 6 certificates can be obtained after graduation.

l Start the enrollment of clinical medicine majors (level flat classes) and stomatology majors (level flat classes).

l Rehabilitation Therapy enrolls students in two majors: Rehabilitation Therapy (Physiotherapy) and Rehabilitation Therapy (Occupational Therapy).

l Resumption of enrollment majors this year: Medical Experimental Technology, 2 enrollment majors in alternate years: Hearing and Speech Rehabilitation majors.

l The medical examination requirements for candidates of all majors are: the myopia corrected vision of the eyes is not less than 4.8, the corrective vision lens power of each eye is not more than 800 degrees, there is no color blindness, color weakness, no strabismus, amblyopia, and the hearing range of both ears is not less than 3 meters. …

l The undergraduate enrollment plan is 1,480 students and 123 students in higher vocational colleges.

l In recent years, the employment ratio of school graduates in Beijing has stabilized at more than 85%. In 2020, the overall promotion rate of undergraduates will reach 43%, and some majors will reach 50% to 77%.

Sohu Education: Hello everyone, Sohu netizens, here is a special program for Sohu 2021 (the famous school is coming). Today I am honored to invite Wu Ping, the Director of Admissions of Capital Medical University, and Mr. Wu. First of all, I would like to invite Mr. Wu to introduce the basic situation of Capital Medical University. ?

Wu Ping: Founded in 1960, Capital Medical University is a key institution of higher learning in Beijing. It is a university jointly established by the Beijing Municipal Government, the National Health Commission, and the Ministry of Education. The late Professor Wu Jieping, a well-known urology expert, academician of the two academies, and vice chairman of the Standing Committee of the National People’s Congress, was the first president. The current party secretary is researcher Hu Wenliang, and the principal is Professor Rao Yi, a famous molecular neurobiologist in my country.

The school headquarters has 11 colleges, 1 research center, and 1 affiliated health school. There are 21 clinical medical schools (19 of which are affiliated hospitals), 12 teaching hospitals, 39 colleges and departments, 35 A clinical diagnosis and treatment center. There are currently 6 academicians in the school and affiliated hospitals, 2,678 with senior professional titles, and 13,506 full-time students.

The school has strong academic development and scientific research capabilities. 8 disciplines are ranked in the top 1% of ESI disciplines in the world, of which clinical medicine is ranked in the top 1‰ of ESI disciplines in the world, neuroscience and behavior, pharmacology and toxicology, immunology, biology and biochemistry, molecular biology and genetics Enter the world’s 5‰. There are 8 national key disciplines, 2 national key (cultivation) disciplines, 60 national key clinical specialties (including Chinese medicine), 14 key disciplines of the State Administration of Traditional Chinese Medicine, and 10 Beijing first and second level key disciplines. 6 national clinical medicine research centers, 3 national medical centers, 1 provincial and ministerial joint national key laboratory cultivation base, 5 key laboratories of the Ministry of Education, 1 national engineering laboratory, and 54 Beijing key laboratories.

As a key medical university in Beijing, it has been adhering to the “indomitable” talent education and training model for many years, with the goal of building a world-class research medical university, conforming to the capital’s medical development and the needs of medical and health talents, and focusing on the strength of the school’s disciplines. , To cultivate high-level academic and applied talents, and to ensure that Beijing’s high-level medical and health undertakings develop successors; also take the training level and rural needs, represented by general practitioners and family physicians, as its own responsibility, and strive to make Beijing Grassroots and rural medical and health services have enough application talents. There are currently 3 “5+3” integrated majors and 24 undergraduate majors; there are 8 first-level discipline doctorate authorization points and 13 first-level discipline master degree authorization points. According to the third-level discipline statistics, there are 59 doctoral degrees Authorization sites and 77 master’s degree authorization sites have the right to grant all master’s and doctoral degrees in medicine and medical related disciplines; there are 9 post-doctoral research mobile stations. The school cultivates academic and applied talents in medicine and medical related disciplines, forming a comprehensive, multi-level and innovative talent training model.

A large number of excellent teachers in the school undertake the teaching work of undergraduates and postgraduates. Not only the teachers of the school headquarters, affiliated hospitals, and teaching hospitals are all responsible for the school’s teaching tasks. The school has a group of academic elites, 6 academicians, many national and Beijing-level teaching teachers, the first batch of Huang Danian teaching team of the Ministry of Education, these elites and backbones are responsible for the school’s teaching and research work.

The school adheres to the fundamentals of cultivating people with morality, adhering to the school motto of “helping the wounded and helping the world, respecting the world”, following the law of medical education, keeping in mind social responsibilities, building a healthy China, building a healthy Beijing, implementing the Beijing-Tianjin-Hebei coordinated development strategy, and world-class harmony It is our responsibility to build a livable city, to make contributions to the people’s satisfaction, to train people’s satisfactory doctors, and to make scientific research results that can serve the people’s health needs. Standing at a new historical starting point, all Shouyi doctors will further seek truth and be pragmatic, concentrate their efforts, be proactive, pursue excellence, comprehensively enhance the school’s core competitiveness, and strive to build the school into a world-class research medical university.

Sohu Education: We know that Capital Medical University has very obvious advantages in its disciplines and majors. Could you please introduce it?

(1) Long-term education system “5+3” integrated training model

The long-term clinical medicine, stomatology, and pediatrics majors are the “5+3” integrated high-level talent training model, that is, after completing the five-year undergraduate study, directly enter the three-year postgraduate study of the master’s degree, and enter the standardization of residents at the same time Training sequence.

After graduation, you can get 6 certificates: graduation certificate and degree certificate at the undergraduate and postgraduate level, and at the same time obtain the doctor qualification certificate and the qualified certificate of standardized training for residents.

(2) Basic medicine major

Basic medicine is to cultivate medicine with basic theoretical knowledge and experimental skills in natural sciences, life sciences, and medical sciences, and be able to engage in the teaching, scientific research, and the combination of basic and clinical medicine in various disciplines of basic medicine in higher medical schools and medical research institutions. Senior medical professionals in experimental research work. The five-year school system adopts the undergraduate-master-doctoral training mode. Undergraduates with excellent academic performance will be eligible for postgraduate exemption and continue to study for master’s and doctoral degrees. The training process is a three-stage training of basic stage, clinical stage and scientific research stage, and a strong team of tutors are equipped to train students individually: a number of advanced theory and experimental courses are arranged in the basic stage to enable students to be able to theory Participate in project research in combination with practice; in the clinical stage, focus on cultivating students’ clinical thinking, so that they can better realize the combination of basic research and clinical medicine in the future; in the scientific research stage, students complete their graduation thesis under the guidance of their supervisors, and train students to be rigorous Scientific research attitude and innovative spirit.

(3) Preventive Medicine Major

The preventive medicine major of our school relies on the School of Public Health for enrollment. The school is jointly run by the headquarters of the School of Public Health, the affiliated Beijing Anzhen Hospital and the Beijing Center for Disease Control and Prevention. This “triad” “big public health” school model is unique in the country . It effectively guarantees the training of various public health talents, and realizes the integration of basic-clinical-community medicine resources and complementary advantages, which helps Beijing to respond to public health emergencies such as new coronary pneumonia in a timely manner and give full play to the capital’s efforts in the prevention and treatment of major diseases and public health The leading position played a strong supporting role. The innovative and advanced training system has built a new curriculum system of “two main lines” and “six modules”. Twelve public health and preventive medicine experimental practice teaching bases have been established to provide students with high-quality public health experimental practice sites. In addition, taking advantage of the abundant resources of the Beijing CDC teaching base, the theory and practice are perfectly combined, so that students can quickly complete the role change after entering the work position.

(4) Nursing major

The nursing major of our school is a national characteristic major, a national first-class undergraduate major construction point, and Beijing’s key construction of a first-class major. The nursing major has formed the characteristic advantages of “five creations and one gathering” in the professional construction and reform, created a talent training model oriented to cultivate nursing competence, and formed a nursing talent training system and curriculum system based on the core competence of nurses , Teaching and evaluation mode, integrating situational teaching, case teaching and practical teaching into the core curriculum teaching, effectively improving the professional competence of students. The innovation of the nursing school system and mechanism has substantively incorporated the school’s direct and affiliated hospitals into the organizational structure of nursing talent training, forming a large pattern of college-hospital integration, ensuring students’ school and clinical learning, theoretical learning and practice The study is coordinated and coordinated to realize the collaborative education of nurses and education, which effectively guarantees the quality of clinical teaching. The international advanced simulation teaching center established by the college strengthens comprehensive design practice to create a real, meaningful and non-threatening learning environment for students to meet the needs of cultivating various competences. The college has established a wide range of cooperative relations with the school of nursing of a world-class university, which broadens the international vision of teachers and students.

Sohu Education: What adjustments have been made to the enrollment policy of Capital Medical University in 2021 compared with previous years?

Wu Ping: (1) Changes in admissions major

1. Start enrollment for clinical medicine (level flat class) and stomatology (level flat class)

In order to meet the society’s demand for top-notch innovative medical talents, starting from 2021, we will recruit clinical medicine majors (level-level classes) and stomatology majors (level-level classes), referred to as “first-level medical personnel”. The “first medical level flat class” is the consistent system (PhD-academic doctoral degree) training mode of the “5+ postgraduate training stage” of the undergraduate direct doctoral degree. After students have completed 5 years of undergraduate study and passed the examination, they are recommended for exemption from examinations Directly enter the training stage of PhD graduate students. In the entire training process, a diversion and elimination system is set up to ensure the quality of students’ training. The “first medical-level flat class” learns in accordance with the school-level flat class training program, focusing on cultivating scientific research and innovation capabilities, international perspectives, and other aspects. Upon graduation, it will reach the level of a doctoral degree in clinical medicine/stomatology and a high-level academic leader in medicine. Talent (PhD). It is reminded that the five-year dentistry program has suspended enrollment and transferred to the average enrollment class.

2. Rehabilitation Therapy enrolls students in two majors: Rehabilitation Therapy (Physiotherapy) and Rehabilitation Therapy (Occupational Therapy)

Rehabilitation therapy (physical therapy) is a professional that integrates prevention, treatment and improvement of dysfunction caused by diseases and injuries. It aims to maximize the functional rehabilitation of patients and maximize the quality of life of patients. In modern medicine Occupies an important position in China.

Rehabilitation Therapy (Occupational Therapy) is the treatment of physical and mental diseases through special activities. The purpose is to help people achieve the highest level of function and self-care ability in all aspects of daily life. Rehabilitation occupational therapy is a patient-centered health profession. Occupational activities are used as intervention methods to promote patients’ performance at work, and promote health, sense of participation and well-being.

3. Resumption of enrollment majors this year: Medical Experimental Technology, 2 enrollment majors in alternate years: Hearing and Speech Rehabilitation majors enrollment

(2) Pay attention to the requirements of the selected subjects of the provinces in the reform of the college entrance examination

1. Pay attention to the requirements of selected subjects in the provinces of the Ministry of Education’s high-enrollment reform, and fill in the corresponding volunteers according to the selected subjects

   (1) The first and second batches of college entrance examination reform provinces elective subject requirements and grouping situation (3+3 model, take Beijing as an example)

   School Headquarters (Youanmen Campus)

   ① Both physics and chemistry must be selected before applying

   Stomatology “5+3”, clinical medicine “5+3”, pediatrics “5+3”, stomatology (level flat class), clinical medicine (level flat class), clinical medicine 5 years, pediatrics 5 years

   ② Both physics and chemistry must be selected before applying

   Psychiatry, Optometry, Basic Medicine

   ③You can apply for one of physics and chemistry

   biomedical engineering

   ④You can apply for one of Physics, Chemistry, and Biology

   Preventive medicine, traditional Chinese medicine, Chinese pharmacy, pharmacy, clinical pharmacy, medical experimental technology

   ⑤You can apply for one of Physics, Chemistry, and Biology

   Rehabilitation Therapy (Physiotherapy), Rehabilitation Therapy (Occupational Therapy), Hearing and Speech Rehabilitation

   ⑥Do not mention subject requirements

   Public service management (health management), law (health law)

   ⑦Do not mention subject requirements

   Nursing, Midwifery

   Shunyi Campus (Yenching Medical College)

   ⑧You can apply for one of physics, chemistry, and biology

   Medical laboratory technology, medical imaging technology, health inspection and quarantine

   ⑨You must choose Physics to apply for the exam

   Information Management and Information System (Health Information Management)

   The selected subjects of Zhejiang Province, Tianjin City and Shandong Province are grouped to refer to the information issued by the provincial examination institutes.

   (2) The third batch of the Ministry of Education reforms the province’s selection of subject requirements. The enrollment of our school involves the provinces of Hubei, Hunan, Fujian, Liaoning, Hebei, and Jiangsu (3+1+2 model)

   Subject requirements of our school in 2021:

   (1) Both physics and chemistry must be selected before applying:

   Stomatology 5+3, clinical medicine 5+3, pediatrics 5+3, stomatology (level flat class), clinical medicine (level flat class), clinical medicine, pediatrics, ophthalmology, psychiatry, basic medicine , Biomedical Engineering, Traditional Chinese Medicine, Traditional Chinese Medicine, Pharmacy, Clinical Pharmacy, Rehabilitation Therapy (Physical Therapy), Rehabilitation Therapy (Occupational Therapy), Preventive Medicine, Medical Experimental Technology, Hearing and Speech Rehabilitation, Nursing, Midwifery , Medical inspection technology, medical imaging technology, health inspection and quarantine

   (2) You must choose Physics to apply for:

   Public service management (health management), law (health law), information management and information system (health information)

   (3) Requirements for the physical examination of the First Medical University

2. The requirements of each major for candidates’ vision: the myopia-corrected visual acuity of the eye is not less than 4.8, the corrective vision lens power of each eye is not more than 800 degrees, and there is no color blindness, color weakness, no strabismus, or amblyopia.

3. The listening requirements of all majors for candidates are: the hearing range of both ears is not less than 3 meters

4. Those who have a slow sense of smell and stutter will not be admitted

5. Our school does not accept Zuoli candidates

6. People with abnormal liver function should not apply for medical majors in our school

7. Taking into account the particularity of medical and health services, our school clearly stated that candidates with torso and physical disabilities are not encouraged to apply for medical majors in our school, otherwise they will not be able to complete their studies.

   Remind that the physical health of freshmen will be subject to the re-examination after enrollment. Those who do not meet the enrollment requirements will be disqualified from enrollment.

   

   Sohu Education: What are the school’s professional admission rules? Which bonus policies are recognized?

   Wu Ping: The school recognizes the various bonus points given to candidates by the provincial (autonomous region, municipality) admissions department in accordance with the relevant policies of the Ministry of Education. At the time of admission, candidates who enter the file are admitted based on the actual scores of the college entrance examination and professional volunteers, and adopt the method of priority to determine the majors, and there is no major level difference. In the case of the same actual test scores, the priority is given to the professional volunteers; when the scores are the same and the professional plan balance is insufficient, the candidates with policy bonus points are first admitted; in the case of the same policy bonus points, they will be compared in order Mathematics, Chinese, foreign language, comprehensive subject scores or the total scores of three subjects in the selected examinations, and those with high scores in a single subject will be admitted.

   Sohu Education: Will there be an increase in the enrollment plan of Capital Medical University in 2021? What types of batches are there?

   Wu Ping: (1) Enrollment plan for 2021

   The undergraduate enrollment plan is 1,480 students, 123 vocational colleges, including 943 undergraduates in Beijing, and 123 vocational clinical medicine (rural doctors) (recruitment completed in April). The Beijing Student Source Program accounts for 66.50% of the total plan. The undergraduate enrollment plan of 22 provinces outside Beijing is 475, regardless of the provincial plan (Xinjiang preparatory course, Xinjiang and Tibet inland high school classes) is 52.

   (2) Enrollment batches and majors in Beijing in 2021 are as follows:

   ① Youanmen campus (main campus) , Undergraduate enrollment approved in advance, Section B: “Double Training Program” admissions majors (2): Biomedical Engineering, Biomedical Engineering (high-precision projects); “External Training Program” admissions majors (2): Preventive Medicine, Nursing learn. Apply for the exam according to student status. It is reminded that the preventive medicine program of the foreign training program requires a score of 125 or more in English for the college entrance examination, and a score of 100 or more in the college entrance examination for nursing.

   The general undergraduate approvals of Youanmen Campus are 3 “5+3” integrated majors: clinical medicine, stomatology, and pediatrics; 2 level classes: clinical medicine and stomatology at the undergraduate + graduate level; 8 Five-year undergraduate majors: clinical medicine, pediatrics, psychiatry, ophthalmology, traditional Chinese medicine, basic medicine, preventive medicine, clinical pharmacy; 9 four-year undergraduate majors and 2 professional directions: Rehabilitation Therapy (Physics) Treatment) and Rehabilitation Therapy (Occupational Therapy), Pharmacy, Biomedical Engineering, Medical Experimental Technology, Hearing and Speech Rehabilitation, Chinese Medicine, Public Service Management (Health Management), Law (Health Law), Nursing, and Midwifery.

   ② Shunyi campus (Yanjing Medical College) , The undergraduate enrollment batch includes pre-approved section A: clinical medicine (suburban orientation), preventive medicine (suburban orientation), clinical medicine (targeted at Beijing Emergency Center), apply for the exam according to household registration, prompting that after admission, you must sign a targeted employment agreement with the targeted unit , You can go through the admission procedures for freshmen; the general batch of 4 majors: medical laboratory technology, medical imaging technology, health inspection and quarantine, information management and information system (health information management); independent enrollment of higher vocational students: clinical medicine (orientated to rural medicine) , Apply for the exam according to the household registration, and the admission has been completed in April.

   The 22 provinces outside Beijing that have enrolled students are admitted in a batch of undergraduates, and 7 of them have poverty-stricken special projects.

   

   Sohu Education: What is the talent training model at the undergraduate level of Capital Medical University?

   Wu Ping: (1) The school has a remarkable effect in personnel training. About 50% of Beijing medical and health personnel are trained by our school

   At present, judging from the proportion of students in our school in the Beijing health system, graduates of our school account for 1/2 of hospital doctors in tertiary health institutions; graduates of our school account for 1/3 of hospital doctors in secondary health institutions; community medical institutions, Graduates of our school account for 1/2 of the top; suburban medical institutions, graduates of our school are the main force. In recent years, the employment ratio of school graduates in Beijing has stabilized at over 85%. Of course, this is related to the premise that more than 60% of the students come from Beijing, but apart from this factor, the proportion of staying in Beijing is still very high, the quality of employment in our school is good, and the industry matching degree is high. In recent years, about 90% of graduates’ employment destinations are in the medical and health industry, and more than 45% of them are employed in tertiary hospitals. The postgraduate entrance examination rate is high. In 2020, the overall promotion rate of undergraduates will reach 43%, and some majors will reach 50% to 77%.

   (2) Our school’s undergraduate and junior college majors have distinctive features, which are reflected in the following aspects

   Complete majors and multiple levels: 3 long-term courses, 24 undergraduates, and 14 higher vocational majors

   Set up majors according to needs: small class teaching, elite talent training model

   Obvious professional characteristics: all majors are medicine and medical-related majors

   There are 9 national-level first-class undergraduate majors, 7 national-level specialty majors; 4 Beijing universities to focus on first-class majors, 6 Beijing first-class undergraduate majors, and 10 Beijing-level specialty majors.

   (3) The talent training model is to adhere to the “indomitable” medical student training model to serve social needs

   As the only key medical college in Beijing, our school actively integrates its own development into the capital Beijing and the country’s economic and social development, strives to run a university that is satisfactory to the people, and trains satisfactory doctors. On the basis of concept innovation and the support of higher-level departments, the school has established a “upstanding” talent training model through systematic research and practice, and has explored a new way of sustainable development of medical talent training. The so-called “Dingtian” means that the school is located in the first good area of ​​the capital. Based on the functional positioning of the four “centers” in Beijing, it must have high-level medical disciplines, high-level medical services, and cultivate high-quality top-notch innovative talents; the so-called “site” means Local medical colleges and universities cultivate various types of applicable talents at all levels for communities and rural areas in Beijing, especially for the rural areas of Beijing suburbs to cultivate targeted rural medical and health talents with strong applicability, which can be used, retained, and have a good role. The mission of the school is unshirkable.

   The school is demand-oriented and has set up a reasonable undergraduate training system. From the cultivation of top-notch innovative talents, the cultivation of compound undergraduate talents, the cultivation of medical-related vocational and technical talents to the cultivation of order-oriented talents for rural grassroots, a full-level medical talent training model has been realized.

   Sohu Education: Thank you very much, Mr. Wu, for being a guest on our show today in his busy schedule. I hope candidates and parents can pay more attention to Capital Medical University. This is the end of today’s show. Thank you for watching. Goodbye.

   The official website of the school’s undergraduate and junior college admissions information: http://zhsh.ccmu.edu.cn/

   Tel: 83911084, 83911083 and 83911086 (manual answering during the professional reporting period)

Authors: Zhong Zhengsheng, Zhang Lu, Fan Chengkai (Zhong Zhengsheng is a director of the China Chief Economist Forum, the chief economist of Ping An Securities, and the director of the research institute)

1. The U.S. CPI increased sharply year-on-year but slowed down month-on-month. The year-on-year readings of the US CPI indicator in May continued to hit new highs, but the growth rate of most of the sub-items decreased, which may make the market more agree with the “temporary inflation theory.” The second-hand car and truck index rose 7.3% month-on-month, slower than the previous value of 10%, but still maintained a high growth rate, continuing to contribute one-third of the growth of all projects. We believe that there are more reasons to believe that the rise in US prices has a certain degree of “stickiness”, especially in the second half of 2021, as the service industry demand is further restored, the adjustment of the supply side may not be timely. We will increase the CPI growth rate in the next period of time to 0.2%. Under the baseline scenario, the CPI in June may reach 4.6% year-on-year, and the CPI for the whole year of 2021 may reach 4.1% year-on-year. The significant drop in CPI year-on-year growth may not be seen until after the second quarter of 2022.

2. The prospects for the recovery of the US job market are relatively optimistic. U.S. employment data released in the past week showed that the number of job vacancies reached a record high of 9.286 million, and the job vacancy rate reached 6%, which is much higher than the level of about 4.5% before the epidemic. This shows that labor demand continues to recover and the job market continues to be actively matched. process. On the other hand, as half of the states in the United States will suspend the extra $300 weekly unemployment benefits in advance from June to July, residents’ demand for finding jobs has risen, which is reflected in the continued decline in the number of initial jobless claims. In the future, as “herd immunity” approaches, the alleviation of the epidemic will allow the catering, leisure and tourism industries to open up more comprehensively, and at the same time alleviate residents’ worries about employment risks.

3. The European Central Bank intends to significantly accelerate the pace of PEPP bond purchases. The European Central Bank announced its June interest rate resolution, maintaining the three key interest rates unchanged, and promised to significantly accelerate the purchase of the Emergency Anti-epidemic Bond Purchase Program (PEPP) from June to September, reiterating that PEPP will last at least until the end of March 2022. And maintain the total size of 1.85 trillion euros unchanged. In comparison, the asset gap between the European Central Bank and the Fed has narrowed significantly since April. In the future, the pace of PEPP bond purchases will continue to accelerate, and there may be devaluation pressure on the euro against the dollar. At the same time, the European Central Bank raised the Eurozone GDP growth rate and CPI index forecasts for 2021-2022. It is estimated that Eurozone GDP will grow by 4.6% in 2021, compared to the previous forecast of 4%; the Eurozone CPI is expected to be 1.9% in 2021, compared to the previous forecast of 1.5. %. European Central Bank President Lagarde’s overall speech was partial, emphasizing that premature tightening of monetary and fiscal stimulus would pose risks to economic growth and inflation. He said that upward pressure on inflation in the second half of 2021 will be limited, but the temporary factors behind inflation are somewhat different. Uplift.

4. Overseas epidemic situation and vaccine tracking: The Asian epidemic situation has begun to ease gradually. The number of new cases in Taiwan, China has dropped, and the number of new cases per day has fallen to less than 300; the number of new cases in a single day in India has fallen below 100,000 for 5 consecutive days, and the “risk” entered the “unblocking 1.0” stage on June 7 . In terms of vaccines, the European Union and India rank second and third in the world in terms of vaccination rates. The vaccination rate in the United States is not faster than before, and the new vaccination goals of the Biden administration may be difficult to complete on time.

5. Global asset performance: Global stock markets-the Sino-US growth sector led the world, and the S&P 500 reached a new high. The recent fall in market inflation expectations has alleviated concerns about “killing valuations”, and global risk appetite remains high. On the other hand, the value sectors of China and the U.S. fluctuate. The MSCI Europe Index rose 1.1%, outperforming MSCI Emerging Markets (down 0.0%) and Asia Pacific (down 0.1%). Global bond market-10-year U.S. bond interest rates fell below 1.5% for the first time since March 3. It closed at 1.47% on June 11. The fall in inflation expectations is the key driver. In the 10-year US bond interest rate drop of 9bp, the fall in inflation expectations contributed 8bp. In addition, abundant funds in the US market have also increased the demand for US debt to a certain extent. US high-yield corporate bonds continue to be sought after. China-US bond spreads have risen significantly. Commodity market-crude oil prices have continued to rise in the past week, WTI crude oil futures prices rose, closing at US$70.91 per barrel on June 11. Although the WTI crude oil inventory level has dropped significantly recently, it is still 20-30 million barrels higher than the pre-epidemic level. The OPEC report is more optimistic about global crude oil demand. Foreign exchange market-the dollar index jumped from 90.05 to 90.51 on June 11, It exceeds 90.50 on June 3, which is a new high since May 13. It should be noted that the rebound of the U.S. dollar is not due to the market’s early expectations of Taper or interest rate hikes, but more from the expectation of the European Central Bank’s expansion and acceleration of the balance sheet. The Fed’s pace of table expansion and the timing of Taper are likely to be earlier than the European Central Bank. In addition, the recent decline in initial unemployment claims and the fall in inflation expectations may also marginally increase market confidence in the U.S. economy.

1. Overseas key tracking

1. U.S. economy: U.S. CPI increased year-on-year but slowed down month-on-month

The U.S. CPI indicator reading in May continued to reach new highs, but most of the sub-items declined compared to April, which may make the market more agree with the “temporary inflation theory.” US May CPI rose 5.0% year-on-year, the highest growth rate since August 2008; core CPI rose 3.8% year-on-year, the growth rate hit a new high since 1992. Looking at the sub-item, the total CPI index rose by 0.6% month-on-month. Although it was slower than the previous value of 0.8%, it still significantly exceeded the 2016-2019 average of 0.18%. The core CPI rose 0.7% month-on-month, from the previous value of 0.9%. The month-on-month increase in most CPI items in May did not exceed that in April. Among them, the second-hand car and truck index rose by 7.3% month-on-month, which was slower than the previous value by 10%, but still maintained a relatively high growth rate, continuing to contribute to the growth of all projects. One part. In May, the new car index rose 1.6% month-on-month, the largest monthly increase since October 2009; the apparel sub-item rose 1.2% month-on-month, significantly exceeding the previous value of 0.3%.

The CPI in May was still higher than market expectations and we calculated it on the basis of the monthly average month-on-month (0.18%) from 2016 to 2019.We believe that there are now more reasons to believe that rising prices in the United States have a certain degree of “stickiness”, especially in In the second half of 2021, as demand in the service industry is further restored, the adjustment on the supply side may not be timely. We will increase the CPI growth rate to 0.2% in the next period of time. Under the baseline scenario, the CPI in June may reach 4.6% year-on-year, and the CPI for the whole year of 2021 may reach 4.1% year-on-year. The significant drop in CPI year-on-year growth may not be seen until after the second quarter of 2022.

The US employment data released in the past week showed that the number of job vacancies reached a record high of 9.286 million, and the job vacancy rate reached 6%, which is much higher than the level of about 4.5% before the epidemic. This shows that the demand for labor continues to recover, which means that the job market continues to be active. The matching process. On the other hand, as half of the states in the United States will suspend the extra $300 weekly unemployment benefit in advance from June to July (the other half of the states will expire in early September), the demand for jobs from residents has risen recently. This is reflected in The number of initial jobless claims continues to decline. In the future, as “herd immunity” approaches, the alleviation of the epidemic will allow the catering, leisure and tourism industries to open up more comprehensively, and at the same time alleviate residents’ worries about employment risks. Overall, we believe that the prospects for the recovery of the US job market are more optimistic.

The results of the April Job Vacancies and Labor Flow Survey (JOLTS) released by the US Bureau of Labor Statistics on June 8 showed that the number of job vacancies in April exceeded the 9 million mark, reaching a record high of 9.286 million. The number of independent resignations in April was 3.985 million, a record high. The number of unemployed persons in April was only 526,000 more than the number of vacancies, down from 1.4 million in March. The employment rate in April was 4.2%, the same as in March.

As of the week of June 5, the number of initial applications for unemployment benefits in the United States fell to 376,000, the previous value of 385,000, maintaining a decline for 7 consecutive weeks. As of the week of May 29, the number of continued jobless claims dropped from 3.757 million to 3.499 million, but it was still twice the level before the epidemic.

US consumer confidence and expectations continue to improve. The Consumer Confidence Index of the University of Michigan in the United States was 86.4 at the beginning of June, which was higher than the expected value of 84.4, and was significantly higher than the final value of 82.9 in May. We observe the difference between the consumer expectations index and the status quo index. The figure in June was -6.8, which is the third time it has risen above -10 since April 2020 and October 2020. As the “herd immunity” approaches and The job market has recovered, and American consumers’ expectations for the future have improved significantly.

In the past week, the number of Fed’s overnight reverse repurchases continued to climb and hit record highs continuously. On June 11, the overnight reverse repurchase of Treasury bills amounted to US$547.81 billion, which was US$2.57 trillion for the entire week and US$1.85 trillion the previous week. And the historical peak usually occurs at the end of the month, and the jump in this number at the beginning of June is really rare. Excess liquidity in the U.S. money market has continued to push down the overnight general secured repo (GC Repo) interest rate to close to 0%, which has triggered concerns about “negative interest rates” in the market. There is a view that at the upcoming June interest rate meeting, the Fed may slightly increase the reverse repo interest rate and excess reserve interest rate to control the demand for reverse repo.

2. European economy: The European Central Bank intends to significantly accelerate the pace of PEPP bond purchases

On June 10, the European Central Bank announced its June interest rate resolution, maintaining the three key interest rates unchanged (the main refinancing, deposit facility interest rates, and marginal lending rates are 0.00%, -0.50%, and 0.25%, respectively), in line with market expectations. The European Central Bank promised to significantly speed up the purchase of the Emergency Anti-epidemic Bond Purchase Program (PEPP) from June to September. “Significantly higher than the first quarter”, reiterating that PEPP will continue at least until the end of March 2022, and maintain the total size of 1.85 trillion euros unchanged; will continue to purchase debts of 20 billion euros per month in accordance with the Asset Purchase Plan (APP); will reinvest The maturity of PEPP bonds will last at least until the end of 2023. In comparison, the asset gap between the European Central Bank and the Federal Reserve has narrowed significantly since April. In the future, the pace of PEPP bond purchases will accelerate or further narrow the gap, and there may be devaluation pressure on the euro against the U.S. dollar.

At the same time, the European Central Bank also raised the euro zone GDP growth rate and CPI index forecast for 2021-2022. The GDP of the Eurozone is expected to grow by 4.6% in 2021, compared with the previous forecast of 4%; GDP growth in 2022 is expected to grow by 4.7%, which was previously expected to grow by 4.1%; the GDP growth forecast in 2023 is maintained unchanged at 2.1%.Expected In 2021, the Eurozone CPI is 1.9%, which was previously expected to be 1.5%; the CPI is expected to be 1.5% in 2022. Previously expected to be 1.2%; maintain the 2023 CPI forecast at 1.4% unchanged. The President of the European Central Bank, Lagarde, gave a partial speech. Emphasizing that premature tightening of monetary and fiscal stimulus will pose risks to economic growth and inflation, saying that inflation expectations will rise in the second half of 2021, but upward pressure is limited, and the temporary factors behind inflation have risen.

3. Overseas epidemic situation and vaccine tracking: Asian epidemic situation begins to ease gradually

The global epidemic has improved, As of June 11, a total of 176 million people have been diagnosed in the global new crown, and the cumulative global growth rate of confirmed diagnoses has fallen in the past week (1.5%, previous value 1.8%).

The epidemic in Asia has gradually eased, and the number of new cases in Taiwan has dropped. The daily increase in cases fell to less than 300. The cumulative increase in confirmed diagnoses in the past week was 19.2%, which was a significant decrease from the previous value of 36.9%. However, the daily number of new deaths in the past week was more than 20, and the mortality rate was much higher than the global average. Some experts worry that the decline in new diagnoses is related to the limited testing capabilities. The three Southeast Asian countries-Vietnam (20.4%, previous value 29.6%), Thailand (10.4%, previous value 18.6%) and Malaysia (7.2%, previous value 9.8%) have also seen an improvement in the cumulative increase in confirmed diagnoses.

India has entered the “Unblock 1.0” stage, This week, the cumulative increase in confirmed diagnoses fell to 2.3% (previous value 3.5%). The number of confirmed cases in India surpassed 100,000 for the first time in early April and continued to climb. The highest number was 410,000 in a single day. It has now fallen below 100,000 for 5 consecutive days. The Indian government has been impatient on June 7. Take risks” to carry out large-scale unblocking.

In terms of global vaccines, According to Bloomberg statistics, as of June 12, Beijing time, 178 countries around the world have received more than 2.3 billion doses of vaccine, and the global average daily dose exceeds 35.7 million doses.

In Europe, The EU’s cumulative vaccination volume is nearly 292 million doses, and the average daily vaccination volume in the past week has exceeded 4 million doses/day (previously 3.55 million doses/day). The vaccination rate is second only to mainland China in the world. The UK has vaccinated over 70 million doses, covering 52.6% of the population.

In the United States, At present, the United States has injected more than 300 million doses of vaccine, and 52% of people have received at least one dose, and the vaccination rate continues to maintain about 1 million doses per day. If the current vaccination rate is followed, the Biden administration’s vaccination target-70% of adults will receive at least one dose of the new crown vaccine before July 4-may not be completed on time.

In Asia, The daily vaccination in India exceeds 3 million doses (previously 2.71 million doses), a record high. Thailand has fully launched the new crown vaccination on June 7. Thailand has approved vaccines such as China’s Coxing and AstraZeneca, and will provide Thailand with 6 million doses of new crown vaccine in June. There is still no significant progress in the vaccination situation in Taiwan, China, which may restrict the prevention and control of the epidemic.

2. Global asset performance

1. Global stock markets-Sino-US growth sectors led global gains, S&P 500 hit a new high

In the past week (as of June 11), the US and China growth sectors led the world, with the Nasdaq and A-share ChiNext stocks rising 1.8% and 1.7% respectively. The U.S. S&P 500 index rose 0.4% for the entire week, closing at 4,239.18 and 4,247.44 on June 10 and 11, respectively, exceeding the record of 4,32.60 on May 7 and breaking a new record high. The recent fall in market inflation expectations has alleviated concerns about “killing valuations”, and global risk appetite remains high. On the other hand, both the Chinese and American value sectors fluctuated. The Dow Index and the A-share CSI 300 fell 0.8% and 1.1%, respectively. The MSCI Europe Index rose 1.1%, outperforming MSCI Emerging Markets (down 0.0%) and Asia Pacific (down 0.1%). Russia’s RTS (up 1.9%, previous value up 2.7%) has been continuously boosted by higher oil prices recently.

2. The global bond market-10-year U.S. bond yields fell below 1.5, and the fall in inflation expectations is the key driver

In the past week (as of June 11), interest rates on medium and long-term US bonds have fallen sharply, with 5-year, 7-year, 10-year and 30-year periods falling by 2bp, 7bp, 9bp and 9bp respectively. Among them, the 10-year U.S. bond interest rate fell below 1.5% for the first time since March 3, and closed at 1.45% and 1.47% on June 10 and 11, respectively. The fall in inflation expectations is the key driver to increase the demand for U.S. Treasuries. In the 9bp of the 10-year U.S. bond interest rate decline, the decline in inflation expectations contributed 8bp, and the fall in real interest rates only contributed 1bp. In addition, as shown by the Fed’s overnight reverse repurchase data, ample market funds have also increased the demand for U.S. debt to a certain extent.

In the past week (as of June 10), US corporate bonds (especially high-yield grades) continue to be sought after, The interest rate of AAA grade corporate bonds fell by 6bp, the BBB grade fell by 16bp, and the CCC grade and below fell by 22bp. This reflects the strong market preference of the bond market, and funds are actively seeking higher-yielding bond products. The 10-year China bond interest rate rose by 12.5bp. Against the background of falling U.S. interest rates, China-US bond spreads have risen significantly.

3. Commodity market-oil prices continue to rise, and prices of black products experience fluctuations

Crude oil prices continued to rise in the past week. WTI crude oil and Brent crude oil futures prices rose by 1.9% and 1.1% respectively. On June 11, the price per barrel closed at US$70.91 and US$72.69, respectively. The outlook for the global epidemic and vaccines continues to be clear, and oil-producing countries are more optimistic about global crude oil demand. The OPEC monthly report on June 10 showed that crude oil production in May was 25.463 million barrels per day, and in April it was 25.073 million barrels per day. OPEC still believes that oil demand will recover strongly in 2021. Based on the assumption that the world economy will grow by 5.5% in 2021 and the impact of the epidemic will be basically contained in the second half of the year, OPEC predicts that oil demand will increase by 5.95 million barrels per day this year, an increase of 6.6%. . It is estimated that the average daily demand for OPEC crude oil in the second half of 2021 will reach 29 million barrels, while the organization’s average daily output is only 25.46 million barrels. but, From the perspective of WTI crude oil inventory levels, although inventories have fallen significantly recently, close to the low level in late February this year (about 1.1 billion barrels), they are still 20-30 million barrels higher than the pre-epidemic level.

In terms of other commodities, COMEX gold fell 0.7%, silver rose 0.9%, and copper rose 0.2%. The prices of oil and poultry in the CRB commodity index rose sharply. Domestic black commodity futures prices experienced volatility, first falling and then rising. On June 11, the prices of rebar and iron ore per ton closed at 5,245 yuan and 1214.5 yuan, respectively, exceeding the rebound peak level on June 3.

4. The foreign exchange market-the US dollar index rose above 90.5, and the renminbi strengthened against the US dollar “against the trend”

In the past week, the U.S. dollar index fell first and then rose. It jumped from 90.05 to 90.51 on June 11, exceeding 90.50 on June 3 and the highest since May 13. It should be noted that the rebound of the U.S. dollar is not due to the market’s early expectations of Taper or interest rate hikes, but more from the expectations of the European Central Bank’s expansion of the balance sheet. On June 10, the European Central Bank’s decision on interest rates meeting was a pigeon and announced that it will speed up bond purchases. The pace of table expansion and the timing of Taper are likely to be earlier than the European Central Bank. In addition, the recent decline in initial unemployment claims and the fall in inflation expectations may also marginally increase market confidence in the U.S. economy.

Against the backdrop of a strong US dollar, the yuan still rose 0.34% against the US dollar. Since February this year, the euro against the pound has been flat and has maintained a narrow range. The current price of the euro against the pound is still higher than the level before the epidemic. Since late May, the price of Bitcoin has fluctuated in the range of US$34,000 to US$40,000.

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Bundestag resolutions Higher tobacco tax and more protection for “coffee trips”

Status: 11.06.2021 8:26 a.m.

The Bundestag passed numerous laws into the night. Among other things, the redistribution of EU agricultural subsidies was decided and the rules for so-called coffee trips tightened. Smoking will become more expensive in the future. An overview. The plenary session began on Thursday morning – it was only ended on Friday morning at 0.59 a.m. by Parliament’s Vice-President Wolfgang Kubicki. The agenda in the Bundestag was tough. In the last few weeks before the summer break, the grand coalition is trying to get as many projects as possible through parliament. An overview of the most important resolutions of the night session.

Tobacco tax is rising – and also applies to liquids

Germany’s smokers are asked to pay more. The Bundestag decided that the tobacco tax for a pack of 20 cigarettes will rise by an average of ten cents in the coming year. A year later, a further ten cents will be added, in 2025 and 2026 another 15 cents per pack will be added. Vaping e-cigarettes and tobacco heaters is also taxed higher. So-called liquids for use in e-cigarettes are to be subject to tobacco tax in the future; up to now they have been subject to sales tax. An additional tax is to be introduced for heated tobacco, so that in future there will be a taxation similar to that of cigarettes.

More consumer protection with “coffee trips” and online marketplaces

The sale of insurance, home loan and savings contracts, medical products and dietary supplements on so-called coffee trips will be prohibited in the future. In addition, the participants of such trips must be better informed about their rights by the organizer. The fine for violations will be increased from 1,000 euros to 10,000 euros. The new law also provides for a regulation according to which consumers may not be asked to pay before the end of the day on which the contract is signed for contracts that have come about as part of an unsolicited visit to the home. In the future, online marketplaces such as Amazon or eBay will have to disclose the essential criteria for their rankings of search results. They must also inform consumers whether the potential contracting parties are entrepreneurs or private individuals. Rankings in search results must not be influenced by hidden advertising or hidden payments. The platforms must also explain how they ensure the authenticity of user reviews. Fake reviews are expressly prohibited in the future. Advertising in online networks should be more recognizable in the future – this applies to influencers, for example. Labeling is not necessary if the advertiser has not received any money or similar consideration from a company.

Protection of package tours

Consumer protection is also being strengthened for package tours: a multi-million dollar fund will in future protect package travelers from possible damage in the event of bankruptcies. Tour operators are to pay 750 million euros into the fund. The fund is also intended to prevent the state from having to step in when tour operators go bankrupt. The new fund is to guarantee prepayments by customers, the repatriation of stranded holidaymakers and their accommodation until they are returned. It basically replaces the previous protection through insurance or bank guarantees. The background to this is the bankruptcy of the travel company Thomas Cook in September 2019.

Fight against tax havens and money laundering

Capital flight to so-called tax havens is expected to become less attractive in the future. If the Federal Council also approves the new regulation, operating and advertising costs for cross-border transactions can only be claimed for tax purposes if the respective states adhere to international tax standards. In addition, regulations on withholding tax, which are incurred on investment income abroad, are being tightened. The basis is a “black list” of the EU, in which “non-cooperative countries and areas” are listed, which from Brussels’ point of view facilitate tax evasion or unfair tax competition. There are twelve countries such as Panama, Fiji and the Seychelles. However, this list is controversial – mainly because it does not contain any tax havens within the EU. In order to combat money laundering and terrorist financing more effectively, the German transparency register will also be expanded and better linked internationally. Additional reporting obligations for the economy should make it easier to track down letterbox companies and to identify the people behind nested company structures. At the same time, this is intended to protect reputable companies from coming into contact with questionable business partners and criminal machinations. In addition, the investigators in Germany should work more closely with the authorities in other EU countries.

Compensation for phasing out nuclear power

The Bundestag also gave the green light for the compensation of energy companies for the accelerated nuclear phase-out. The adopted amendment to the Atomic Energy Act empowers the responsible federal ministries to conclude a public law contract “on the payment of financial compensation” which ends “all national and international legal disputes”. In March, after years of dispute with the energy companies RWE, Vattenfall, EnBW and E.on, the federal government reached an agreement on compensation: Germany pays the companies compensation totaling a good 2.4 billion euros. This compensates for residual amounts of electricity that the companies can no longer generate in their own plants, as well as investments that the companies made in reliance on the nuclear power plant life extension that came into force in 2010.

Distribution of EU agricultural subsidies approved

The Bundestag also approved the federal government’s legislative package for the distribution of EU grants for German farmers. In the coming years, this will increasingly be based on criteria such as environmental protection and animal welfare. From 2023, a quarter of Brussels direct payments will be linked to certain ecological requirements. For example, there is additional money for not using pesticides or for more nature conservation in meadows and pastures. In total, it is about six billion euros that Germany’s farmers will receive annually from the EU until 2027. So far, the distribution of such funds has largely been based on the area of ​​the farms – regardless of the impact on the environment and landscape. With the reform, small and medium-sized businesses are to receive significantly more support. Young farmers up to the age of 40 also receive more money. In addition, there will in future be a premium for grazing animal owners who have so far benefited little from the area premium. The Federal Cabinet had already adopted the new requirements for the national structure of the Common European Agricultural Policy (GAP) in April. At EU level, however, there is still a struggle about how the reform of the EU agricultural policy should be designed. The aim is to reach an agreement by the end of June. The legislative package that has now been passed, which is aimed at a Agricultural Ministers’ Conference Compromise goes back, then changed again. Previously, the Bundestag had, among other things the powers of the protection of the constitution expanded . In the course of the day, the parliament wants to pass a number of other laws of the grand coalition – for example on care reform and on Compliance with human rights in global supply chains .

Prices rise by five percent Highest US inflation since 2008

Status: 10.06.2021 5:44 p.m.

In the USA, consumer prices have risen as sharply as they did almost 13 years ago – which is felt above all by car buyers. The European Central Bank also expects higher inflation in the euro countries. Is it just a short-term phenomenon or is inflation now making its big comeback? In the USA there is a growing fear of ever higher prices. Some are already pulling Parallels to the 1970s when President Jimmy Carter failed to get a grip on high inflation and job misery. Although the USA is still a long way from the double-digit inflation rates of that time, the price jumps are getting bigger from month to month. After inflation had risen above four percent in April, it has now climbed to 5.0 percent in May. That is the highest rate since August 2008. Experts had only expected an increase in the cost of living of 4.7 percent. “The dreaded five has become a reality,” said market observer Thomas Altmann from investment management company QC Partners.

Federal Reserve under pressure

The strong growth impressively proves that the price surge in April was not a slip-up, said LBBW analyst Dirk Chlench. “The US Federal Reserve is coming under increasing pressure to reconsider its view that the recent price hikes are only of a temporary nature.” As in April, the prices for used cars turned out to be the biggest inflation driver. They rose again strongly – and, according to the US Department of Labor, accounted for around a third of the monthly price increase.

Core inflation at its highest level since 1992

Particularly alarming is core inflation, which excludes volatile components such as energy and food. It climbed 3.8 percent in May. The last time there was such a sharp increase was in 1992. In April, the core inflation rate was 3.0 percent. The end of the corona lockdowns and the trillion dollar cash injections by the US government have been driving inflation in the US for months. Prominent economists like Larry Summers, Olivier Blanchard and Mohamed El-Erian warn against underestimating the danger. According to Blanchard, the high government spending under US President Joe Biden could overheat the economy.

Just a passing trend?

Most economists are still looking at the trend with serenity, however. In their opinion, the development is mainly based on temporary factors. The US service sector is back in normal mode in many places. Prices for air travel and hotel accommodation are picking up again and are well above the previous year’s level, says chief economist Thomas Gitzel from VP Bank. “So there are so-called base effects at work once more.” At the same time, the shortage of semiconductors is now at least indirectly affecting consumer prices. If there are no new cars due to a lack of semiconductors, customers switched to used cars. These would have become significantly more expensive. Gitzel predicts that the price level will slowly drop from a high level in the summer months. The US Federal Reserve (Fed) claims that inflation will only pick up temporarily. Because compared to the previous year, the economic downturn in the Corona year 2020 resulted in high rates of price increase. That is why the central bank has not yet seen itself under pressure.

Little movement on Wall Street

Wall Street barely reacted to the renewed surge in inflation. The Dow Jones rose by 0.6 percent, the S&P 500 even jumped to a record high. The US dollar gained against the euro. So investors do not anticipate a tightening of monetary policy in the US for the time being. In the eurozone, too, the money locks are still strongly open. The European Central Bank (ECB) is sticking to its trillion-dollar anti-corona crisis program (PEPP) and plans to expand bond purchases in the next quarter compared to the first three months of the year. In doing so, the central bank wants to avoid tightening the financing conditions for companies, states and private households.

ECB raises inflation forecast

The rising inflation hardly worries the euro watchdogs . The higher euro will dampen inflation, said ECB President Christine Lagarde. Nonetheless, the ECB raised its inflation forecast. According to the central bank, inflation should be 1.9 percent in 2021. In March, the ECB was still assuming an increase of 1.5 percent. For 2022, the monetary authorities expect an annual price increase of 1.5 percent and for the following year unchanged at 1.4 percent. According to the ECB, inflation that is too high can lead to a price spiral. Higher prices mean consumers get less goods for their money. So they demand higher wages in order to be able to maintain their standard of living. In turn, in order to pay the higher wages, companies continue to raise the prices of their products. On the other hand, permanently low prices are seen as a risk for the economy: companies and consumers could then postpone investments – in the hope that it will soon become even cheaper. In the medium term, the ECB is aiming for an annual inflation rate of just under two percent. In Germany, the inflation rate is already above this level. In May the Consumer prices compared to the same month last year by 2.5 percent , the highest value since September 2011.

As an endangered species in the wild, the import and trade of Asian arowanas in the US is illegal. But in other parts of the world, arowanas are a highly sought after luxury item and completely legal. They are prized by Yakuza gang members in Japan, business magnates in China, and fish collectors in Europe. A single primitive specimen can be more expensive than a Ferrari. From a swamp creature to a luxury item Asian Arowana. For centuries, Asian arowana has been a popular folk dish of Southeast Asians. Outside of local markets in Malaysia, this fish is neither widely traded nor favored. But everything changed in 1975. As wetland habitats in Southeast Asia decline, Asian arowanas begin to decline in numbers. CITES, a treaty restricting trade in endangered wildlife species, has classified the Asian arowana as threatened. This move aims to ban the trade of arowanas for commercial purposes. But according to Emily Voigt, who has spent nearly a decade delving into the story of the Asian arowana for her book, The Dragon Behind the Glass, “That official endorsement is completely counterproductive. It really turned the fish into a limited edition luxury item.” Smugglers in Malaysia began to smuggle Asian arowanas into Taiwan and Japan. In an effort to stop this illegal trade, CITIES has allowed farmers in Southeast Asia to legally breed, harvest and sell Asian arowanas. But again, everything went to a dead end. In the decades that followed, hundreds of arowana farms sprang up across Indonesia and Malaysia. It is noteworthy that these fish all disappeared from the wild. Today, the biggest market for Asian arowana is China. The fish has a “spirit” and the plastic surgery market for fish blooms Emily Voigt said: “It has become a mystical creature that is said to have the power to protect and help you make good business decisions, bringing wealth and prosperity. There are even stories of arowana jumping out of the tank as a warning of bad luck.” To keep their fish aesthetically pleasing, owners don’t mind spending money on “plastic surgery” to satisfy their hobby with eye lifts ($90), chin augmentation ( $60) and tail editing ($60). This belief has turned farm-raised Asian arowanas into an estimated $200 million/year global market. Huge income from trading arowana In the mid-1980s, a printing industry executive in Indonesia named Tris Tanoto quit his job and bought 12 Asian arowanas for $170. With the help of friends, Tanoto bought a small farm in East Jakarta, raising fish in a pond on the property. Experiencing many failures, to this day, Tanoto’s base of operations is one of at least 250 CITES-accredited Asian arowana farms across Southeast Asia. PT Munjul Prima Utama is one of Indonesia’s largest exporters of Asian arowana, especially “Super Red” – a crimson arowana that is very popular with the Chinese because they consider red to represent vitality and good luck. Each year, the company sells about 1,000 of the 7,000 Asian arowanas, generating about $3 million in annual sales. The average is $3,000/fish, but prices can fluctuate based on many factors such as color, origin, fin size and head shape… Tanoto sells 8 varieties of Asian arowana, with prices starting from 1,200 up to $5,500. Tanoto sold a “perfect” Super Red arowana to a Chinese man for $30,000. The extremely rare Asian Arowana can earn 10 times that amount. A Malaysian breeder specializing in albino Asian arowana once sold one of his arowanas for $300k. Instead of going directly to customers, many farms in Southeast Asia sell in bulk to dealers in other countries. Among these agents is David Carr, who runs Planet Arowana. With a passion for arowanas, David Carr moved to Malaysia and spent a year learning everything about this fish from local breeders. Carr says the process works like this: The lake has 20 arowanas (6 males, 14 females). Each female lays 10 to 80 eggs. Every 2-3 months harvest fry (called fingerlings). The fish are shipped to the UK and sold at 4-6 months of age for between $300 and $4k or more each. Carr sells his arowana to buyers around the world. In recent years, Carr said demand has expanded from Asia to the West.

According to the folk tradition of our people, the altar is a sacred place to worship ancestors in the house. When placing the altar you absolutely need to avoid including under the rafters, under the stairs or the toilet. You should also not place the altar opposite the toilet or the kitchen because the air is very strong, not good for the place of worship, which can easily affect fortune and health. In addition, the altar wall should not be attached to the kitchen or toilet, above the pipes or drains. At the same time, you should also avoid placing the altar in places where there is a strong wind passing by because it will affect the sacred place. The worship area always needs quiet The place to place the altar you should put away from all kinds of audio equipment such as speakers, radio, TV … or musical instruments such as piano, trumpet, drums … because they will affect the spiritual place of your home. At the same time, because the heat of incense bowls and worshiping items is also incompatible with fans and air conditioners, placing them close together will not be good for electronic devices. If you commit this, it will cause turmoil in the family, not getting along, unstable health, especially the man in the family. Do not place the altar near the toilet Do not place in a dark place The altar is a place that needs quiet and separation. However, on the altar, it is always necessary to maintain enough light for the homeowner to easily observe, and at the same time, create a solemn and solemn atmosphere for the place of worship. When choosing yellow light is the right choice for most living rooms today. In addition, homeowners should avoid overusing decorative flashing lights because they are not good for the water room, which can easily affect the Buddha gods who are always on the higher throne than their ancestors. Besides, when placing the altar of God Buddha and the altar of ancestors, it is better to place them apart or make two separate altars. The reason is that Gods and Buddhas are often vegetarians, while their ancestors can eat salty foods. When you offer food, you should also separate these two altars. Do not place the altar lower than a person’s head The altar must be higher than a person’s head One of the principles when designing the altar is that you should set the height of the altar to be higher than the head to pay respect to the gods and ancestors in the house. When you place the altar lower than eye level, every time you burn incense or pray, the owner has to look down, which will cause difficulties. At the same time, this is a very serious taboo in Asian spiritual culture when the superior is lower than the lower.

Duong Mich’s brand scores are so high, making her the champion of the two rankings of the Star with the highest brand value and the Star with the most influence. The number of brands inviting Duong Mich to be a model is countless, in many different fields, from world famous fashion houses to domestic brands. Duong Mich is trusted by many brands Wanting to know how big of an influence Duong Mi is, just look at the storm to buy the goods she has livestream Referral is known. Duong Mich is the person who set a record of selling 40 thousand pairs of sandals with every second appearing on the waves livestream. Wherever she goes, it attracts attention In addition, Duong Mich worked non-stop. The audience sees her coverage anytime, anywhere, from acting to participating in TV shows, from livestream sales to appear in commercial events … That’s why, despite the lack of appreciation, many recent movies have failed in succession, but Duong Mi’s A-list position has not been shaken. Duong Mich worked hard in all fields Many netizens believe that the actress is only part of her career. The audience may not like to watch the movie Duong Mich but still want to see her quick and skillful response in the entertainment show; wants to see her gorgeous on the red carpet; want to hear her reveal her secrets to keeping fit. And so the name Duong Mich has always been interested in Chinese audiences.

However, watch collectors believe that the following 3 brands really make the world “crazy” by unique watch face designs, breaking the standards of most products today. . In addition, these brands often produce watches in limited quantities. If you want an accessory that won’t be in contact with other people, you should consult 3 brands Sina listed below. A. Lange & Söhne Referring to German watches, the brand A. Lange & Söhne always appears first in the minds of fashion followers. It belongs to Lange Uhren GmbH, a luxury and reputable watch manufacturer in Germany. At the time of its inception, Lange’s brand positioning was at the forefront of the most premium Patek Philippe. However, due to the 2nd world war, the brand was forced to be transferred, leading to the name gradually going into the past. It was not until 1990 that Ferdinand Adolph Lange’s grandson – Walter Lange – was to re-establish the brand. A. Lange & Söhne has a high price due to its meticulous design. Photo: timeandwatches. Currently, only a few thousand precious metal wristwatches are produced annually. All are done meticulously with high precision. Lange products attract customers with an eccentric design, a unique distribution compared to many other items. Through the sapphire crystal back, one can see the full charm of the movement. This brand’s watches are made using all precious metal materials, so they average between $ 15,000 and $ 1 million and are not easy to buy. Glashütte Original Glashütte Original features 100% privately owned, self-developed brands that become the cornerstone of the German watchmaking industry. With a long history and development in the watchmaking industry, Glashütte Original has faced many changes. However, the value created by the brand is always strong. Glashütte Original has a selling price of 4,000-105,000 USD. Photo: monochrome, timeandtidewatches. Glashütte Original offers customers an exclusive experience as the company produces only a few hundred pieces per model per year. Due to the limited number of watches made, this brand is searched a lot. Besides, the company takes pride in producing good watches that meet the user’s standards. With the criterion of considering products not only as goods but as unique as works of art, they invest a lot of time and effort to make accessories appear like masterpieces. Jaquet Droz Jaquet Droz is one of the “giant trees” of the high-end watch world. Inheriting a legacy of more than 280 years of watchmaking skills, this is the brand that owns many masterpieces that collectors are constantly looking for. The father of the brand – Pierre Jaquet-Droz – is not only a mechanical genius but also known for his composer, always infatuated with the beauty of nature. Therefore, the Jaquet Droz machines are admired for their complexity and respect for accessories like works of art. Its striking bird’s nest timepiece costs $ 630,000 with an intricate texture and unique imagery. Photo: prestigetime, haute time. When it comes to the Jaquet Droz brand, people often remember three values: History, creativity and art. During the process of operation and development, the characteristics of the Jaquet Droz family have been summarized in 8 codes: Grande Seconde set, mechanical puppetry, enamel industry, watch case design, completeness. improving the level of super complex machines, limited edition Numerus Clausus and how to use mineral stones to create natural masterpieces. This is a product that is suitable for those who love artistic beauty and unique and novelties. How to choose watches for men Tim Dessaint suggests a few tips to help the guys get the model that suits the style.

Recently, however, a man who bought a 3 bedroom house in Sydney, Australia has accepted to pay a higher price than the listed price just because he likes house number 65. The house with number 65 in the front makes customers want to buy it right away The house for sale for sale for $ 3.9 million (69 billion) on a real estate website in Australia. “It is his favorite number, certainly the number he wants to buy …”, Angus Gorrie – representative of real estate company McGrath said. It is known that this man spent 4.8 million AUD (85 billion) to complete the transaction within 4 days after the house was listed on the market. The identity of the buyer is not disclosed, but the person is about 40 years old and has been searching for his dream home for 1 year. After finding the 3-bedroom house number 65 for sale online, the man immediately came to see it and decided to buy it on the second view. Due to the purchase of the desired home, this guest and his family are excitedly moving into a new home. The house is airy, located in an area with many facilities In addition to the 65th house number, the man about 40 years old also likes the beautiful location where the property is located. The house has a newly refurbished kitchen, 3 large bedrooms, a built-in wardrobe, 2 bathrooms, a family living area and a spacious dining area with a beautiful garden. Behind the house is a parking space with enough room for 2 cars. From the house, take a short walk to parks, shops and public transport … Dieu Quynh (According to Mirror)

The official preview image is relatively dark, and we can only see the split headlights on the front face of the new car. The daytime running lights are of penetrating design, which looks very sci-fi. Increase the brightness of the official preview map, we can see more details in the picture, for example, the hood of the new car has a small bump, and the grille is decorated with a chrome-plated strip similar to a brick stack. It looks very sporty.

At the same time, Great Wall Motors officially released a picture of the side of the new car. Judging from the picture, the body lines of this new car are very sharp, and the roof is a downward-slip contour, which is integrated with the D-pillar to create a large-scale sloping back shape, which is full of sportiness. In addition, the new car’s rear light set is a bifurcated design. This design element is now used by many car companies and is very popular among young consumers.

Judging from the outline of the new car, this new car code-named B02 is very likely to be a medium-sized SUV. Its main function is to fill the shortcomings of Haval in the field of medium-sized SUVs and improve the product matrix of the Haval family. After all, Haval currently There are no outstanding achievements in the mid-size SUV segment. New cars may change this status quo.

VinFast expects a higher price than Ford

On April 12, Bloomberg reported that Vingroup was considering bringing VinFast on the US stock exchange to raise $ 2 billion. According to this source, the car company is currently working with consulting units to IPO (initial public offering) right in the second quarter of 2021.

The source of Bloomberg confirmed that if successful, the IPO could push VinFast’s valuation up to $ 50 billion. At that time, VinFast will immediately close to the top 10 largest car manufacturers in the world, on par with famous manufacturers such as Hyundai (51.38 billion USD), Honda (50.86 billion USD) and surpass Ford (49, 47 billion USD).

With a scale of $ 2 billion, VinFast’s IPO will be the largest ever IPO of a Vietnamese company, after Vinhomes’ first share sale worth $ 1.4 billion in 2018. This could also become the first Vietnamese company to list in the US.

Although VinFast is a fledgling company, the valuation may outstrip traditional Asian carmakers like Suzuki ($ 21.29 billion) and Japan’s Nissan ($ 20.63 billion).

VinFast IPO details including the size and timing may change as discussions with the consultant are in progress. Bloomberg also said that Vingroup representatives declined to comment on this information.

The top 10 car manufacturers with the highest market capitalization are currently Tesla of the US, Toyota of Japan, Volkswagen of Germany, Daimler of Germany, General Motors (GM) of the US, BMW of Germany, BYD and Nio of China. , Stellantis and Ferrari.

Thanks to his creativity to break flowers to create different flowering phases, the 7-hectare mango garden of Mr. Nguyen Huong Long, Chieng Xuan commune, Van Ho district always produces big and small fruits.

With nearly 80,000 hectares of fruit trees, with an output of more than 336,000 tons / year, when the area of ​​fruit trees expands the harvesting and consumption of the products at the same time, it will lead to “good season, price loss”. Along with enhancing trade promotion, expanding markets, investing in deep processing, the application of technical measures to spread crops, prolong the harvest time of fruit trees is an effective solution.

According to the recommendations of the Plant Protection Department of Son La province, in order to improve efficiency, farmers should rotate fruit tree production in a reasonable manner, not continuously on an area. Localities need to link up to achieve sustainable efficiency, avoiding the situation of concentrating duplicate production at the same time affecting output prices when harvested./.