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		<title>Train drivers&#8217; union GDL resolves industrial action at the railways With the beginning of the summer holidays in some federal states, railroad passengers have to be prepared for strikes. The train drivers&#8217; union GDL decided a labor dispute. The GDL intends to announce tomorrow exactly how it should look.</title>
		<link>https://en.spress.net/train-drivers-union-gdl-resolves-industrial-action-at-the-railways-with-the-beginning-of-the-summer-holidays-in-some-federal-states-railroad-passengers-have-to-be-prepared-for-strikes-the-train-dr/</link>
		
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		<pubDate>Sat, 26 Jun 2021 20:25:09 +0000</pubDate>
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					<description><![CDATA[Train drivers union GDL resolves industrial action at the railway Status: 23.06.2021 12:54 p.m. With the beginning of the summer holidays in some federal states, rail passengers have to be prepared for strikes. The train drivers&#8217; union GDL decided a labor dispute. The GDL intends to announce tomorrow exactly how it should look. At Deutsche [&#8230;]]]></description>
										<content:encoded><![CDATA[</p>
<h1> Train drivers union GDL resolves industrial action at the railway </h1>
<p> Status: 23.06.2021 12:54 p.m. </p>
<p><span id="more-27564"></span></p>
<p><strong> With the beginning of the summer holidays in some federal states, rail passengers have to be prepared for strikes. The train drivers&#8217; union GDL decided a labor dispute. The GDL intends to announce tomorrow exactly how it should look.</strong> At Deutsche Bahn, train driver strikes in the middle of the holiday season are getting closer. The union of German locomotive drivers (GDL) decided on concrete industrial action after failed negotiations with the employers&#8217; association Move. GDL boss Claus Weselsky will not announce the exact scope and time of possible work stoppages until Thursday at a press conference in Berlin. According to the GDL, the corresponding committee resolutions are available. A railway spokeswoman asked the union to return to the negotiating table. There are well-founded offers for more wages and additional protection against dismissal on the table, about which the GDL top has so far refused serious negotiations.</p>
<h2> First warning strike since December 2018</h2>
<p>Immediately before the start of the school holidays in several federal states, the union is increasing the pressure on the management of the railway. The GDL declared the negotiations to have failed last Tuesday. It is the first warning strike on the railways since December 2018, when the Railway and Transport Union (EVG) called on its members to take part in a labor dispute. Both unions are fighting with each other for influence in the state company. The EVG had already reached a collective agreement last autumn. From the beginning of 2022, employees will receive 1.5 percent more money &#8211; little compared to collective bargaining rounds in better times. Compulsory redundancies are excluded until the end of 2023. </p>
<p> <a   class="teaser-absatz__link" href="https://en.spress.net/wp-content/plugins/wp-optimize-by-xtraffic/redirect/?gzv=H4sIAAAAAAACAxXIOw6AIAwA0Lt0B2TlLCyoxRLwk7aEwXh3dXzvhg4BSPWSEF10YwyraUORhVK3K35VWH9ljW5OdJh21tyRGNmIMpZq_OQt6d7geQGhmW8ZUAAAAA.." target="_blank" rel="nofollow noopener"> </p>
<p>
</p>
<p>
<p> <strong> </strong> 06/08/2021 </p>
<p> Deutsche Bahn Train drivers announce strike </p>
</p>
<p><p> The union of German locomotive drivers has decided to take industrial action.</p>
</p>
<p> </a></p>
<h2> GDL wants more</h2>
<p> The GDL wants to get more out of money and working hours. Both sides had moved somewhat towards each other before the failure of the negotiations. Based on the collective bargaining agreement for the public service, the GDL is calling for an income increase of 1.4 percent plus a corona bonus this year and a further 1.8 percent next year. The employees deserved more than compensation for the price increase, argues Weselsky.</p>
<p>According to its own statements, Deutsche Bahn had proposed increases in incomes as in the public sector, but in relation to the airport sector. An &#8220;emergency collective agreement&#8221; had been concluded for airports because of the slump in traffic. The 1.4 percent increase in income there will only be in October 2022, the other 1.8 percent not until April 2023. Employers will also have the option of reducing working hours by six percent in 2022. The level of the collective agreement for the public service is to be reached in October 2023</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">27564</post-id>	</item>
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		<title>Comment丨Huangshan intends to expand the scope of paid rescue, and don’t forget the public nature of emergency rescue</title>
		<link>https://en.spress.net/comment%e4%b8%a8huangshan-intends-to-expand-the-scope-of-paid-rescue-and-dont-forget-the-public-nature-of-emergency-rescue/</link>
		
		<dc:creator><![CDATA[editor]]></dc:creator>
		<pubDate>Sat, 26 Jun 2021 14:55:10 +0000</pubDate>
				<category><![CDATA[Travel]]></category>
		<category><![CDATA[Comment丨Huangshan]]></category>
		<category><![CDATA[dont]]></category>
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		<guid isPermaLink="false">https://en.spress.net/comment%e4%b8%a8huangshan-intends-to-expand-the-scope-of-paid-rescue-and-dont-forget-the-public-nature-of-emergency-rescue/</guid>

					<description><![CDATA[Public resources shouldn’t pay for the willfulness of “alice friends” time and time again. This is the consensus of most people, but when it comes to specific scenarios, there are often vast differences. A few days ago, the Culture and Tourism Bureau of Huangshan City, Anhui Province asked for opinions from the society and plans [&#8230;]]]></description>
										<content:encoded><![CDATA[<blockquote><p> <strong> Public resources shouldn’t pay for the willfulness of “alice friends” time and time again. This is the consensus of most people, but when it comes to specific scenarios, there are often vast differences.</strong></p>
<p><span id="more-27535"></span></p>
</blockquote>
<p>A few days ago, the Culture and Tourism Bureau of Huangshan City, Anhui Province asked for opinions from the society and plans to expand the scope of paid rescue from the Huangshan Scenic Area to the entire mountainous area. At the same time, the expense items, review process and legal responsibilities are also detailed. In 2018, Huangshan Scenic Area opened the first paid rescue in China, and formulated the first domestic regulated document of the paid rescue system. The draft released this time has won overwhelming support and &#8220;applause&#8221; from netizens.</p>
<p>In fact, not only Huangshan, but many scenic spots in China are also experimenting with paid rescue methods. For example, the Yading Scenic Spot in Daocheng, Sichuan Province &#8220;marks prices&#8221; according to the search and rescue route: Yading Village, Yeerhong Village to Kanggu Gongga Galaxy area, search and rescue costs from 15,000 Starting at RMB 20,000, the search and rescue costs for the other 4 routes all start at RMB 20,000.</p>
<p>Compared with the previous &#8220;unlimited responsibility&#8221;, the introduction of the paid rescue system is tantamount to drawing a circle for the behavior of &#8220;allies&#8221;. Responsibility decomposition, risk-taking, benefit coordination, etc. will also make the current rescue more standardized. This is also a unity of rights, responsibilities, and obligations, and conforms to the principle of fairness and justice. After all, for outdoor adventures, the &#8220;Asses&#8221; should take into account the risks they will encounter and bear the corresponding responsibilities for these risks. It is obviously unreasonable if they are all transferred to public institutions.</p>
<p>Huangshan&#8217;s first &#8220;paid rescue&#8221; has indeed produced a certain degree of deterrence and alertness. According to statistics, the annual rescue volume in Huangshan Scenic Area was about 400 cases, of which about 75% were general rescues, and about 25% were severe or severely injured. The resulting costs range from hundreds of thousands to millions, which are basically borne by the scenic spot. The paid rescue method has been implemented for nearly a year, and the number of illegal expeditions intercepted and investigated in Huangshan Scenic Area has dropped significantly to 41 persons in 3 batches. It can be seen that the responsibility sharing mechanism passed in accordance with the law and regulations has indeed played a certain role in restraining the risk of violations of the &#8220;Asses&#8221;.</p>
<p>↑Anhui Huangshan Scenic Area implemented paid rescue for the first time.Photo courtesy of Huangshan Scenic Area Management Committee</p>
<p>Public resources should not pay for the willfulness of the “alice friends” time and time again. This is the consensus of most people, but when it comes to specific scenarios, there are often very different and complicated entanglement relationships. Therefore, we must be vigilant about “one size fits all” and cannot rescue from the public. Jump to the &#8220;Sky-Priced Rescue&#8221; in one go.</p>
<p>First, paid rescue cannot replace related public management responsibilities. Many &#8220;Asses&#8221; have accidents, of course, are closely related to their lack of professional knowledge, professional skills, lack of physical strength, and mismatched equipment. These problems have always been criticized in the past, and they think that these &#8220;Asses&#8221; are curious and overestimated. In the end, he blindly ventured into danger after gaining his own ability. However, it should also be noted that the torrential rains and landslides encountered by many people involved in risk are &#8220;force majeure.&#8221; In the process, it is not easy to accurately distinguish which are paid rescues and which are public rescues.</p>
<p>What&#8217;s more, my country&#8217;s emergency rescue is generally based on free rescue by the public sector. When citizens encounter unexpected risks, the government has the responsibility and obligation to provide emergency rescue. From the point of view of the &#8220;Asses&#8221; itself, it is also a statutory right to make rescue requests in danger. The &#8220;Travel Law of the People&#8217;s Republic of China&#8221; does stipulate that &#8220;travelers shall pay the expenses that should be borne by the individual after receiving assistance from relevant organizations or institutions.&#8221;<strong> How to clarify the responsibilities of all parties, and then calculate the part that an individual should bear, obviously requires more professional judgment. In any case, public responsibility cannot simply be completely replaced by &#8220;paid rescue&#8221;.</strong></p>
<p>Start paid rescue, also<strong> May wish to introduce more business logic to make it more standardized and transparent, and avoid excessive charges and sky-high charges.</strong> Considering that the appeals of rescuers are life-saving, they often lack the motivation and ability to bargain. In order to avoid the situation of abnormally high prices, the introduction of a market mechanism may be a way. For example, an insurance company launches outdoor insurance. Just like the rescue list in auto insurance, &#8220;Asses&#8221; can call for service at any time if something happens.</p>
<p><strong> Paid assistance is a useful supplement to public assistance.</strong> &#8220;Asses&#8221; must of course cherish life, respect nature, exercise more restraint and self-discipline, and tourism departments and related scenic spots must strengthen warnings and on-site management of illegal outings and expeditions. In the event of misfortune and danger, we must abide by the principle of &#8220;life first&#8221; and make every effort to rescue.</p>
<p>Red Star News Special Commentator Long Zhizhu</p>
<p>Edit Wang Yintao</p>
<p>Red star comment submission email: hxpl2020@qq.com</p>
<p>(Download Red Star News, there will be prizes for newspaper materials!)</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">27535</post-id>	</item>
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		<title>Hangzhou Boiler Co., Ltd. intends to establish a subsidiary company of 12 million yuan to enter the field of zero-carbon energy and energy storage</title>
		<link>https://en.spress.net/hangzhou-boiler-co-ltd-intends-to-establish-a-subsidiary-company-of-12-million-yuan-to-enter-the-field-of-zero-carbon-energy-and-energy-storage/</link>
		
		<dc:creator><![CDATA[editor]]></dc:creator>
		<pubDate>Mon, 21 Jun 2021 21:21:08 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[boiler]]></category>
		<category><![CDATA[Company]]></category>
		<category><![CDATA[Energy]]></category>
		<category><![CDATA[Enter]]></category>
		<category><![CDATA[Establish]]></category>
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		<guid isPermaLink="false">https://en.spress.net/hangzhou-boiler-co-ltd-intends-to-establish-a-subsidiary-company-of-12-million-yuan-to-enter-the-field-of-zero-carbon-energy-and-energy-storage/</guid>

					<description><![CDATA[Hangzhou Boiler Co., Ltd. issued an announcement on the noon on June 21 that Zhejiang Hangzhou Boiler Energy Investment Management Co., Ltd. (hereinafter referred to as &#8220;Hangbuo Energy Investment&#8221;), a subsidiary of the company, intends to invest 12 million yuan with its own funds to establish a wholly-owned subsidiary Hangzhou Xiziling Carbon Energy Co., Ltd. [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img fifu-featured="1" decoding="async" src="https://p0.itc.cn/images01/20210621/0833d175799e428394c789a9d125ca96.jpeg" max-width="600"></p>
<p>Hangzhou Boiler Co., Ltd. issued an announcement on the noon on June 21 that Zhejiang Hangzhou Boiler Energy Investment Management Co., Ltd. (hereinafter referred to as &#8220;Hangbuo Energy Investment&#8221;), a subsidiary of the company, intends to invest 12 million yuan with its own funds to establish a wholly-owned subsidiary Hangzhou Xiziling Carbon Energy Co., Ltd. (tentative name, hereinafter referred to as &#8220;Xizi Zero Carbon Energy&#8221;). Xizi Zero Carbon Energy plans to invest in the construction of a demonstration project for the integration of source, network and load storage in the Zero Carbon Smart Energy Center of Xizi Aviation.</p>
<p>It is reported that the business scope of Xizi Zero Carbon Energy includes: steam, air-conditioning, and electricity production and supply; construction, operation and service of energy storage systems and distributed photovoltaic power station systems; engineering management services; technical consultation and technology for energy storage and power engineering Development; carbon resource management, inventory, verification, trading, consulting; industrial investment (except for venture capital and those prohibited by national laws and administrative regulations).</p>
<p>According to the announcement, the establishment of the company marks the company’s formal entry into the field of zero-carbon energy and energy storage, and is based on the &#8220;Xizi Aviation Zero-Carbon Smart Energy Center Integrated Source, Network and Load Storage Demonstration Project&#8221; for energy storage<strong> (Molten salt energy storage</strong> , Battery energy storage, etc.) comprehensive technology verification, to build a zero-carbon energy system design, construction and operation service capabilities. After the completion of the project, it will serve as a demonstration of the energy storage market.<strong> Lay the foundation for the expansion of the energy storage market</strong> .</p>
<p>According to previous reports, Hangzhou Boiler Co., Ltd. intends to publicly issue convertible corporate bonds, raising no more than 1.11 billion yuan for the new energy technology manufacturing industry base (Zhejiang Xizi New Energy Co., Ltd.)<strong> Annual production of 580 sets of solar thermal solar heat absorbers, heat exchangers and heat transfer oil heat exchangers, boiler projects and supplementary working capital</strong> . On May 27, 2021, it signed the &#8220;Strategic Cooperation Framework Agreement on Molten Salt Heat Absorber and Molten Salt Heat Exchanger for Tower Solar Thermal Power Generation Project&#8221; with Zhejiang Supcon Solar Technology Co., Ltd. It is based on energy storage technology and extends to other forms of energy storage technology. In addition, it and Zhejiang University jointly established the &#8220;Advanced Energy Joint R&amp;D Center&#8221; to carry out comprehensive cooperation in the fields of solar thermal and energy storage power generation, carbon dioxide capture and comprehensive utilization, and solid waste treatment, aiming at the current pain points and difficulties in the new energy field , Focus on breaking through the key technology of &#8220;stuck neck&#8221;. At present, the first batch of cooperative research directions have phased research and development results, and they are advancing towards the goal of industrialization.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">26426</post-id>	</item>
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		<title>The original new stealth fighter flew for the first time two years later, Pakistan intends to partner, and the engine is still a problem</title>
		<link>https://en.spress.net/the-original-new-stealth-fighter-flew-for-the-first-time-two-years-later-pakistan-intends-to-partner-and-the-engine-is-still-a-problem-2/</link>
		
		<dc:creator><![CDATA[editor]]></dc:creator>
		<pubDate>Sun, 20 Jun 2021 06:40:07 +0000</pubDate>
				<category><![CDATA[World]]></category>
		<category><![CDATA[engine]]></category>
		<category><![CDATA[fighter]]></category>
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		<category><![CDATA[problem]]></category>
		<category><![CDATA[Stealth]]></category>
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		<guid isPermaLink="false">https://en.spress.net/the-original-new-stealth-fighter-flew-for-the-first-time-two-years-later-pakistan-intends-to-partner-and-the-engine-is-still-a-problem-2/</guid>

					<description><![CDATA[On June 12, according to a report by the US &#8220;Defense World&#8221;, Turkish Aerospace Industries (TAI) President Thamel Kothier said that Turkey is stepping up the development of the fifth-generation stealth fighter TF-X. The current development of this fighter Work is going very smoothly, and the first prototype will fly for the first time in [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img fifu-featured="1" decoding="async" src="https://p5.itc.cn/images01/20210615/717b535be4a8462c981031e44e69e47a.jpeg" max-width="600"></p>
<p>On June 12, according to a report by the US &#8220;Defense World&#8221;, Turkish Aerospace Industries (TAI) President Thamel Kothier said that Turkey is stepping up the development of the fifth-generation stealth fighter TF-X. The current development of this fighter Work is going very smoothly, and the first prototype will fly for the first time in 2023. After the United States kicked Turkey out of the F-35 project, Turkey has increased the research and development of the TF-X project and invited many international companies to participate in the research and development, and Pakistan is also interested in partnering with Turkey.</p>
<p><img decoding="async" src="https://p2.itc.cn/images01/20210615/42cfb70621b94718ad0be39af2f1d834.jpeg" max-width="600"></p>
<p>Previously, Turkey’s insistence on purchasing Russia’s S-400 air defense system led to extreme deterioration in its relations with the United States. Therefore, the United States seized the F-35 fighter jets ordered by Turkey and refused to return the deposit paid by Turkey. The United States also imposed sanctions on Turkey and stopped paying Turkey sells various military equipment. In addition, in order to retaliate against Turkey, the United States also intends to sell F-35 fighter jets to Turkey&#8217;s opponent Greece, so that Turkey will lose air supremacy in the Aegean Sea. Greece has already ordered French Rafale fighters. If the Turkish Air Force is not equipped with new fighters, it will soon fall into a disadvantage.</p>
<p><img decoding="async" src="https://p6.itc.cn/images01/20210615/b0d079e6e2ac46d4b9fa1b51ec92cf84.jpeg" max-width="600"> </p>
<p> Turkey claims that the TF-X fighter jet is composed of approximately 20,000 parts. The production of most of the parts will be completed by the end of 2022. Among them, the most difficult to process is the titanium alloy parts for the engine. However, the Turkish Aerospace Industry Corporation has produced a large number of F- 16 fighter jets, with rich manufacturing experience in such parts. In addition, Turkey is also preparing to cooperate with a Ukrainian company to produce hydraulic transmission mechanisms that control the wing surfaces. The Turkish company Aselsan will be responsible for the avionics equipment of the TF-X fighter, and Havelsan will be responsible for the development of flight control software.</p>
<p><img decoding="async" src="https://p1.itc.cn/images01/20210615/75cefbf74d8d4b38a5d60c09b5da7958.jpeg" max-width="600"></p>
<p>However, if Turkey&#8217;s TF-X fighter wants to be successfully developed, it is still facing engine problems. If there is no available engine, the first flight of the TF-X fighter will be impossible to talk about. Previously, Turkey&#8217;s T-129 gunship used the American CTS800 turboshaft engine. After the United States imposed sanctions on Turkey, the production of the T-129 gunship encountered serious problems and has not been able to be delivered to other customers. Now that Turkey wants to develop a fifth-generation stealth fighter, the engine is still Turkey’s old problem. It will take at least 10 years for any country to develop a reliable turbofan engine from scratch. Therefore, Turkey will temporarily choose to find a temporary engine. &#8220;Guest&#8221;, Russia&#8217;s RD33 engine is one of the potential targets.</p>
<p><img decoding="async" src="https://p4.itc.cn/images01/20210615/146a11901cd94fe981edbacf86e67201.jpeg" max-width="600"></p>
<p>For a medium-sized fighter, the 160 kN thrust provided by the two RD33 engines is completely sufficient, and the FC-31 uses a similar engine. However, if TF-X fighters want to achieve supersonic cruise, they need more powerful engines. The current turbofan engines suitable for medium-sized fighters, only the European EJ200 and the American F414 meet the indicators, but Turkey obviously cannot obtain these two models. The engine can only rely on self-developed.</p>
<p><img decoding="async" src="https://p2.itc.cn/images01/20210615/32c455c4dd914d1fa2730ad9aa88ba9a.jpeg" max-width="600"></p>
<p>Pakistan has tasted the sweetness of cooperative research and development on the JF-17 fighter, so it is very willing to join Turkey’s TF-X fighter program. Compared with India’s AMCA fighter, Turkey’s TF-X fighter is making faster progress, which means that Pakistan has It may be equipped with fifth-generation fighter jets ahead of India, and for the first time in nearly 50 years, it has achieved an advantage in air force equipment performance.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">25798</post-id>	</item>
		<item>
		<title>The original new stealth fighter flew for the first time two years later, Pakistan intends to partner, and the engine is still a problem</title>
		<link>https://en.spress.net/the-original-new-stealth-fighter-flew-for-the-first-time-two-years-later-pakistan-intends-to-partner-and-the-engine-is-still-a-problem/</link>
		
		<dc:creator><![CDATA[editor]]></dc:creator>
		<pubDate>Sun, 20 Jun 2021 02:45:07 +0000</pubDate>
				<category><![CDATA[World]]></category>
		<category><![CDATA[engine]]></category>
		<category><![CDATA[fighter]]></category>
		<category><![CDATA[flew]]></category>
		<category><![CDATA[intends]]></category>
		<category><![CDATA[Original]]></category>
		<category><![CDATA[Pakistan]]></category>
		<category><![CDATA[Partner]]></category>
		<category><![CDATA[problem]]></category>
		<category><![CDATA[Stealth]]></category>
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		<guid isPermaLink="false">https://en.spress.net/the-original-new-stealth-fighter-flew-for-the-first-time-two-years-later-pakistan-intends-to-partner-and-the-engine-is-still-a-problem/</guid>

					<description><![CDATA[On June 12, according to a report by the US &#8220;Defense World&#8221;, Turkish Aerospace Industries (TAI) President Thamel Kothier said that Turkey is stepping up the development of the fifth-generation stealth fighter TF-X. The current development of this fighter Work is going very smoothly, and the first prototype will fly for the first time in [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img fifu-featured="1" decoding="async" src="https://p5.itc.cn/images01/20210615/717b535be4a8462c981031e44e69e47a.jpeg" max-width="600"></p>
<p>On June 12, according to a report by the US &#8220;Defense World&#8221;, Turkish Aerospace Industries (TAI) President Thamel Kothier said that Turkey is stepping up the development of the fifth-generation stealth fighter TF-X. The current development of this fighter Work is going very smoothly, and the first prototype will fly for the first time in 2023. After the United States kicked Turkey out of the F-35 project, Turkey has increased the research and development of the TF-X project and invited many international companies to participate in the research and development, and Pakistan is also interested in partnering with Turkey.</p>
<p><img decoding="async" src="https://p2.itc.cn/images01/20210615/42cfb70621b94718ad0be39af2f1d834.jpeg" max-width="600"></p>
<p>Previously, Turkey’s insistence on purchasing Russia’s S-400 air defense system led to extreme deterioration in its relations with the United States. Therefore, the United States seized the F-35 fighter jets ordered by Turkey and refused to return the deposit paid by Turkey. The United States also imposed sanctions on Turkey and stopped paying Turkey sells various military equipment. In addition, in order to retaliate against Turkey, the United States also intends to sell F-35 fighter jets to Turkey&#8217;s opponent Greece, so that Turkey will lose air supremacy in the Aegean Sea. Greece has already ordered French Rafale fighters. If the Turkish Air Force is not equipped with new fighters, it will soon fall into a disadvantage.</p>
<p><img decoding="async" src="https://p6.itc.cn/images01/20210615/b0d079e6e2ac46d4b9fa1b51ec92cf84.jpeg" max-width="600"> </p>
<p> Turkey claims that the TF-X fighter jet is composed of approximately 20,000 parts. The production of most of the parts will be completed by the end of 2022. Among them, the most difficult to process is the titanium alloy parts for the engine. However, the Turkish Aerospace Industry Corporation has produced a large number of F- 16 fighter jets, with rich manufacturing experience in such parts. In addition, Turkey is also preparing to cooperate with a Ukrainian company to produce hydraulic transmission mechanisms that control the wing surfaces. The Turkish company Aselsan will be responsible for the avionics equipment of the TF-X fighter, and Havelsan will be responsible for the development of flight control software.</p>
<p><img decoding="async" src="https://p1.itc.cn/images01/20210615/75cefbf74d8d4b38a5d60c09b5da7958.jpeg" max-width="600"></p>
<p>However, if Turkey&#8217;s TF-X fighter wants to be successfully developed, it is still facing engine problems. If there is no available engine, the first flight of the TF-X fighter will be impossible to talk about. Previously, Turkey&#8217;s T-129 gunship used the American CTS800 turboshaft engine. After the United States imposed sanctions on Turkey, the production of the T-129 gunship encountered serious problems and has not been able to be delivered to other customers. Now that Turkey wants to develop a fifth-generation stealth fighter, the engine is still Turkey’s old problem. It will take at least 10 years for any country to develop a reliable turbofan engine from scratch. Therefore, Turkey will temporarily choose to find a temporary engine. &#8220;Guest&#8221;, Russia&#8217;s RD33 engine is one of the potential targets.</p>
<p><img decoding="async" src="https://p4.itc.cn/images01/20210615/146a11901cd94fe981edbacf86e67201.jpeg" max-width="600"></p>
<p>For a medium-sized fighter, the 160 kN thrust provided by the two RD33 engines is completely sufficient, and the FC-31 uses a similar engine. However, if TF-X fighters want to achieve supersonic cruise, they need more powerful engines. The current turbofan engines suitable for medium-sized fighters, only the European EJ200 and the American F414 meet the indicators, but Turkey obviously cannot obtain these two models. The engine can only rely on self-developed.</p>
<p><img decoding="async" src="https://p2.itc.cn/images01/20210615/32c455c4dd914d1fa2730ad9aa88ba9a.jpeg" max-width="600"></p>
<p>Pakistan has tasted the sweetness of cooperative research and development on the JF-17 fighter, so it is very willing to join Turkey’s TF-X fighter program. Compared with India’s AMCA fighter, Turkey’s TF-X fighter is making faster progress, which means that Pakistan has It may be equipped with fifth-generation fighter jets ahead of India, and for the first time in nearly 50 years, it has achieved an advantage in air force equipment performance.</p>
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		<title>Shi Yuzhu intends to put 1.1% of Jukun Network&#8217;s equity into Giant Network, the latter&#8217;s operation of a gaming platform is suspected of gambling</title>
		<link>https://en.spress.net/shi-yuzhu-intends-to-put-1-1-of-jukun-networks-equity-into-giant-network-the-latters-operation-of-a-gaming-platform-is-suspected-of-gambling-3/</link>
		
		<dc:creator><![CDATA[editor]]></dc:creator>
		<pubDate>Fri, 18 Jun 2021 14:05:11 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Equity]]></category>
		<category><![CDATA[gambling]]></category>
		<category><![CDATA[Gaming]]></category>
		<category><![CDATA[giant]]></category>
		<category><![CDATA[intends]]></category>
		<category><![CDATA[Jukun]]></category>
		<category><![CDATA[latters]]></category>
		<category><![CDATA[network]]></category>
		<category><![CDATA[networks]]></category>
		<category><![CDATA[operation]]></category>
		<category><![CDATA[platform]]></category>
		<category><![CDATA[put]]></category>
		<category><![CDATA[Shi]]></category>
		<category><![CDATA[Suspected]]></category>
		<category><![CDATA[Yuzhu]]></category>
		<guid isPermaLink="false">https://en.spress.net/shi-yuzhu-intends-to-put-1-1-of-jukun-networks-equity-into-giant-network-the-latters-operation-of-a-gaming-platform-is-suspected-of-gambling-3/</guid>

					<description><![CDATA[On June 14th, Giant Network (002558.SZ) issued an announcement stating that the company&#8217;s controlling shareholder Giant Investment intends to donate 1.1% of the shares held by Giant Network to Giant Network for free. According to the announcement, Shanghai Jukun Network Technology Co., Ltd. (hereinafter referred to as &#8220;Jukun Network&#8221;) is a subsidiary of Giant Network [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>On June 14th, Giant Network (002558.SZ) issued an announcement stating that the company&#8217;s controlling shareholder Giant Investment intends to donate 1.1% of the shares held by Giant Network to Giant Network for free.</strong></p>
<p><span id="more-25062"></span> According to the announcement, Shanghai Jukun Network Technology Co., Ltd. (hereinafter referred to as &#8220;Jukun Network&#8221;) is a subsidiary of Giant Network Group Co., Ltd. (hereinafter referred to as &#8220;Giant Network&#8221;). Giant Network directly holds 48.81% of its shares. Shanghai Judao Network Technology Co., Ltd. (hereinafter referred to as &#8220;Judao Network&#8221;), a wholly-owned subsidiary of the Internet, holds 0.19% of its shares. Giant Network and Judao Networks together hold 49% of its shares. The company’s affiliated legal person, Giant Investment Co., Ltd. Has its 51% equity. After the completion of this transaction, Jukun Network will change from a subsidiary of Giant Network to a holding subsidiary. Given that Playtika has advanced technical strength and global distribution capabilities, this donation will help Giant Networks quickly accumulate advanced technologies such as artificial intelligence and big data, enrich the company&#8217;s product line, and obtain global distribution capabilities.</p>
<p><img fifu-featured="1" decoding="async" src="https://p6.itc.cn/q_70/images03/20210615/949cf5e236724a769e9c77ddd846d96c.jpeg" width="1280"></p>
<p>It is reported that Jukun Network is a strategic linkage platform between Giant Investment and Giant Network. Its core asset, Playtika, is an Israeli high-tech Internet company driven by artificial intelligence and big data analysis technology. In January 2020, Playtika was listed on the Nasdaq Stock Exchange in the United States.</p>
<p>Tianyancha shows that at present, Playtika mainly uses artificial intelligence and big data analysis technology to engage in the research and development, distribution and operation of casual social network games, and its business is distributed in overseas markets such as the United States, Europe, and Australia.</p>
<p>Playtika has maintained rapid growth in the past few years. According to Playtika’s fourth-quarter and full-year 2020 financial reports released since its January IPO, Playtika’s fourth-quarter revenue was US$573.5 million, a year-on-year increase of 17.5%; net profit was US$76 million, compared to US$30 million in the same period last year. Later EBITDA (EBITDA is the abbreviation of Earnings Before Interest, Taxes, Depreciation and Amortization, that is, profit before interest, taxes, depreciation and amortization) was 210.4 million US dollars, higher than the 169.7 million US dollars in the same period last year.</p>
<p>In terms of revenue and profit, Playtika&#8217;s 2020 revenue was US$2.3715 billion, an increase of 25.64% year-on-year; the net profit in 2020 was US$92.1 million, which was a decline of nearly 70% compared with US$288.9 million in 2019. The adjusted EBITDA was US$940 million. Overall, this is the first time that Playtika&#8217;s annual revenue has exceeded US$2 billion, and it is also the first time that its casual games have contributed more than US$1 billion in annual revenue.</p>
<p>Playtika’s previous financial reports disclosed that Playtika’s operating income increased from US$1.151 billion in 2017 to US$1.888 billion in 2019, with a compound growth rate of 28.07%. Adjusted EBITDA profit increased from US$374 million in 2017 to US$621 million in 2019. , The adjusted EBITDA margin has been maintained at around 32% for a long time.</p>
<p> <img decoding="async" src="https://p7.itc.cn/q_70/images03/20210615/39e8b86a511c4877a62bf191cf468ef4.jpeg" width="594"></p>
<p>In 2016, Giant Network &#8220;backdoor listing&#8221;, Giant Network Chairman Shi Yuzhu, together with investors such as Yunfeng Fund, prepared to acquire Playtika from Caesars Interactive Entertainment for US$4.4 billion. If the acquisition is successfully completed, Giant Network will hold 100% of Playtika&#8217;s shares in total and determine that the transaction consideration for all of Playtika&#8217;s Class A common shares is 30.5 billion yuan. It is worth mentioning that the giant&#8217;s partners in this acquisition include Shanghai Lingyi and Shanghai Lingyi. Behind them is Yu Guoxiang&#8217;s Ningbo Yu family. Previously, China Net Technology disclosed that Yu Guoxiang had transferred shares in Leyou Technology and received $80 million in sincerity from potential buyers.</p>
<p>However, Playtika itself is very controversial as a board game. In fact, Playtika is currently the world&#8217;s number one chess, card, and gambling mobile game company. The founder Robert Antokol is an industry veteran and has worked in CMate and Oberon Media successively. In 2010, Antokol founded Playtika with US$1.5 million. Within a year, the company was acquired by Caesars Interactive Entertainment for US$160 million, which was more than a hundredfold.</p>
<p>Its current main source of business income is five board games, namely &#8220;Slotomania&#8221;, &#8220;WSOP (Texas Hold&#8217;em Series)&#8221;, &#8220;HouseofFun (Slot Series)&#8221;, &#8220;CaesarsSlots (slot series)&#8221;, &#8220;BingoBlitz ( Bingo Slot Game Series)&#8221;.</p>
<p>The key issue of the acquisition may be Playtika’s “suspicion of gambling”. In 2019, the Securities Regulatory Commission gave two feedbacks on Giant Network’s application for issuing shares to purchase assets. They all commented on the virtual currency, recharge status, probability of winning or losing, and abnormal recharge during the operation of Playtika. Conduct key questions on behavior and other issues, such as whether the game in Playtika has the function of refunding currency or points, whether there is a situation where cash and other properties are used as prizes or cash and other properties are given to others by way of repurchasing prizes, whether there are other platforms or objects Assets, major shareholders, directors, supervisors, and other related parties provide services or conveniences for their refunds, refunds, transfer of points/game currency, and cash and other property rewards or transfers.</p>
<p>In addition, in July 2020, the Shenzhen Stock Exchange issued a letter of concern to Giant Network, asking whether Giant Network previously disclosed the &#8220;Material Asset Purchase and Related Transaction Plan&#8221; whether the underlying asset is suspected of gambling.</p>
<p>Therefore, the “suspicion of gambling” may be one of the reasons why the giant network’s acquisition transaction has been repeatedly rejected by the China Securities Regulatory Commission.</p>
<p>The acquisition did not go smoothly. In addition to the controversy in the project itself, there were also some hidden ups and downs. Earlier, there were rumors that Shi Yuzhu was taken away by the Hangzhou police for investigation in 19 years, causing shocks in the industry.</p>
<p>Later, Shi Yuzhu refuted the rumors on Weibo, saying that someone went to the Securities Regulatory Commission to discredit him in order to undermine the approval of the Giant Network&#8217;s major asset restructuring project and spread rumors that he was taken away by the police.</p>
<p>It took more than 4 years to install Playtika in an A-share listed company. Shi Yuzhu did not give up. Through the &#8220;curve&#8221; method, he acquired Playtika with a huge amount of money from a giant network affiliate.</p>
<p>According to Tianyan Check, Giant Network was established on July 22, 1997 with a registered capital of 2.024 billion yuan. The legal representative is Liu Wei, Chairman of the Investment Decision Committee of Giant Innovation Investment Fund. Its business scope includes the development and sales of computer game software; online game publishing Operation; use the Internet to sell game products; animation design, production, etc. In January 2021, a large equity pledge occurred. The number of pledged shares was 79.2 million shares, and the market value of pledged shares reached 1.367 billion yuan. The shareholders include Shanghai Giant Investment Management Co., Ltd., Shanghai Tengpeng Investment Partnership (Limited Partnership) and other 10 companies. Among them, the largest shareholder is Shanghai Giant Investment Management Co., Ltd., with a shareholding ratio of 27.87%. Giant Networks invested a total of 14 companies abroad, of which Fei Yongjun, Vice President of Giant Networks, served as the company&#8217;s legal person accounted for 8 companies.</p>
<p>According to the first quarterly report of Giant Network, the revenue of Giant Network in the first quarter was 567 million yuan, down 18.14% year-on-year; net profit was 320 million yuan, up 1.2% year-on-year. Total assets were 10.921 billion yuan, up 7.9% year-on-year; total liabilities were 1.246 billion yuan, down 30.53% year-on-year; operating cash flow was 97.935 million yuan, down 54.11% year-on-year; investment cash flow was -273 million yuan, and financing cash flow was -170 million yuan.</p>
<p>In addition, Giant Network Group Co., Ltd. holds 5.77% of shares in the special securities account for repurchase, Shanghai Rhenium Investment Consulting Center (Limited Partnership) holds 4.99% of shares; Shanghai Peng Teng Investment Partnership (Limited Partnership) holds 4.73% of shares , Shanghai Gaoyi Asset Management Partnership (Limited Partnership)-Gaoyi Linshan No. 1 Yuanwang Fund holds 4.22%; Shanghai Fuye Equity Investment Partnership (Limited Partnership) holds 3.52%, Hony Capital (Shanghai ) The equity investment fund partnership (limited partnership) holds 3.39% of the shares.</p>
<p>Among them, Giant Investment and Tengpeng Investment are both companies controlled by Shi Yuzhu, the actual controller of Giant Network, and Giant Investment and Tengpeng Investment constitute parties acting in concert. As of the end of 2020, Shi Yuzhu&#8217;s total indirect shareholding is approximately 35.828%.</p>
<p>Tianyan Check shows that in the past year, Shanghai CDH Fuyuan Equity Investment Partnership (Limited Partnership) reduced its shareholding in Giant Network by 1.32%, and Shanghai Zhongjin Yiyuan Investment Consulting Center (Limited Partnership) reduced its shareholding in Giant Network by 0.89. % Equity; Shanghai Peng Teng Investment Partnership (Limited Partnership) reduced its 2.83% equity in Giant Network, and Hony Capital (Shanghai) Equity Investment Fund Partnership (Limited Partnership) reduced its 2.83% equity in Giant Network.</p>
<p>Shanghai Rhenium Investment Consulting Center (Limited Partnership) reduced its holdings of 0.98% of Giant Networks, and Shanghai Fuye Equity Investment Partnership (Limited Partnership) reduced its holdings of 0.66% of Giants Networks.</p>
<p>This means that in addition to funds controlled by Shi Yuzhu, funds such as Hony and CDH are all selling the shares held by Giant Network.</p>
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		<title>Original Savage Capital intends to repeat capital routines in the charging market, but it is denounced by State Grid</title>
		<link>https://en.spress.net/original-savage-capital-intends-to-repeat-capital-routines-in-the-charging-market-but-it-is-denounced-by-state-grid/</link>
		
		<dc:creator><![CDATA[editor]]></dc:creator>
		<pubDate>Thu, 17 Jun 2021 05:44:06 +0000</pubDate>
				<category><![CDATA[Tech]]></category>
		<category><![CDATA[Capital]]></category>
		<category><![CDATA[Charging]]></category>
		<category><![CDATA[denounced]]></category>
		<category><![CDATA[Grid]]></category>
		<category><![CDATA[intends]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[Original]]></category>
		<category><![CDATA[Repeat]]></category>
		<category><![CDATA[routines]]></category>
		<category><![CDATA[SAVAGE]]></category>
		<category><![CDATA[State]]></category>
		<guid isPermaLink="false">https://en.spress.net/original-savage-capital-intends-to-repeat-capital-routines-in-the-charging-market-but-it-is-denounced-by-state-grid/</guid>

					<description><![CDATA[Recently, State Grid (Shandong) Electric Vehicle Service Co., Ltd. issued a document denounced that some charging operators rely on capital advantages to promote low-price promotions and vicious competition such as 1 cent charging, showing that some Internet capital intends to repeat their harvesting routines in other industries in the charging market , But finally hit [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>Recently, State Grid (Shandong) Electric Vehicle Service Co., Ltd. issued a document denounced that some charging operators rely on capital advantages to promote low-price promotions and vicious competition such as 1 cent charging, showing that some Internet capital intends to repeat their harvesting routines in other industries in the charging market , But finally hit the iron plate this time.</strong></p>
<p><span id="more-24235"></span> <img fifu-featured="1" decoding="async" src="https://p9.itc.cn/images01/20210615/ecc51080f9d94b2abae4560117c79353.jpeg" max-width="600"></p>
<p>Internet capital’s routines have always been based on low prices or even free of charge. The widely-familiar online car-hailing and takeaway industries are all like this. They enclose land at low prices. After they have a monopoly market share, they have increased their prices significantly. Now the price of online car-hailing It is already more expensive than taxis, and the takeaway industry has forced catering businesses to go nowhere, leading to the consequences of bad money driving out good money. A considerable proportion of takeaways directly turn factory-supplied food bags into fast food boxes.</p>
<p>After the capital has gradually harvested many industries, now it has begun to target the last outlet of the middle-aged and elderly-the vegetable vendor. The routine is still so familiar, and it grabs the market at a low price, with the intention of killing the vegetable vendor and waits for the vegetable market. All were forced to close and then raise prices drastically, and this process is still in progress.</p>
<p>For public services such as the power grid, there have been similar cases at home and abroad where capital seized the market and then maliciously increased prices. In the 1990s, Britain promoted privatization and the British gas company was privatized. After the privatization, the British gas company increased its expenses year after year. As a result, the British could not consume fuel. In desperation, they could not turn on the heating in the cold. Cold Bird&#8221;.</p>
<p>In the domestic market, foreign capital structures such as Veolia and Suez have successively acquired water supply networks in more than 10 cities. Before the acquisition, they painted a beautiful picture. However, after the acquisition, they did not invest heavily in improving the water supply network. Prices have been raised year after year. In 2014, many cities across the country had odor incidents of tap water, and almost all of the water supply networks in these cities were acquired by foreign capital, which made people rethink the pros and cons of privatizing public services.</p>
<p><img decoding="async" src="https://p9.itc.cn/images01/20210615/e02d3a912e9a4278be91d7a8790ad54d.jpeg" max-width="600"> </p>
<p> Today’s charging services that capital intends to intervene will undoubtedly be similar to previous capital stories. They try to seize the market at low prices or even for free. After occupying the market, they will inevitably increase prices. After all, the ultimate goal of capital is to obtain huge profits. .</p>
<p>However, this time the capital is facing the giant State Grid. State Grid has built the largest charging network in the country, comparable to Sinopec and PetroChina in the era of fuel vehicles. State Grid can quickly build a huge charging network and its own National Grid. It is inseparable as a solid foundation, and this has become its confidence.</p>
<p>As the State Grid has issued a warning to some charging operators, it cannot be ruled out that it will take other measures in the future. After all, with the State Grid as the foundation and power resources in its hands, these vicious competitors will face penalties at any time.</p>
<p>The author supports State Grid&#8217;s punishment of these vicious competitors, because it has repeatedly proved that private capital has no bottom line for profit after monopolizing an industry, and State Grid, as a non-private entity, is better able to ensure service quality due to more supervision. And provide reasonable prices.</p>
<p><img decoding="async" src="https://p8.itc.cn/images01/20210615/3ad1a0bcd609404cb61513f254a3ff03.jpeg" max-width="600"></p>
<p>Internet capital has received a lot of praise for a long time, but as they have achieved monopoly status in multiple industries, the people are disgusted by the people. All parties are becoming more familiar with the behavior of these capitals. There are just a few routines back and forth. I don&#8217;t believe in the beautiful vision they portray, but I believe that the ultimate purpose of capital is to make money.</p>
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