At the forum, Zhong Xiangping, vice president of Tencent and president of Tencent Smart Transportation and Mobility, shared Tencent’s thinking and progress in the field of smart transportation around technology, ecology, and services.

Zhong Xiangping believes that the construction of smart transportation is the main force of the new infrastructure. At the same time, the construction of smart transportation is also a long-term, diversified, and highly complex ecological project. In this process, governments, enterprises, scientific research institutions, The collective participation of the public requires extensive ecological cooperation between all parties and the collaborative construction of the industrial chain.

(Picture source: International Online)

“The continuous improvement of the digital base will be the foundation for the development of smart transportation.” Zhong Xiangping said, “Tencent has built the WeTrasnsport smart transportation solution based on the accumulation of technology in the transportation field. It hopes to use people, vehicles, roads, networks, and clouds. To build a dynamic data base for traffic, and build a traffic dynamic data base based on it. Based on the four stages of traffic construction, management, operation and service, we will build together with partners, and ultimately hope to form a data connection and efficient collaboration to form a traffic situation. The picture shows a network of traffic management to provide users with one-stop services.”

In the next 30 years, domestic smart high-speed construction will transform from the stage of large-scale investment and construction to the stage of high-quality management, operation and service. And digital technology capabilities will help achieve high-quality traffic operation services. Tencent will continue to use its technical capabilities, ecological capabilities and service capabilities to be a co-builder of smart transportation and help my country to upgrade from a “high-speed power” to a “high-speed power.”

The following is a record of Zhong Xiangping’s speech:

Dear leaders and distinguished guests, good afternoon everyone! I am very happy to be here for everyone to gather together and participate in a forum we are leading today. We also feel that there are many meaningful and valuable things in this direction, waiting for us to explore and advance together. Xi’an is China’s One of the four ancient civilizations and historical capitals, the cultural heritage is very rich, the economic development is accelerating, and we also feel that under the new development pattern of the “Belt and Road”, Xi’an is making every effort to become an international metropolis and the center of the country. In the city, where history, culture and modern development are blended, we also feel that digital technology makes this city shining.

Tencent has done a lot of cooperation with Xi’an early on. We have achieved results in technology research and development, cultural tourism, transportation and travel. In 2018, Tencent and the Xi’an municipal government also reached a comprehensive and in-depth cooperation. Tencent has always hoped to continuously apply its own digital technology to promote the physical industry and promote the implementation of the entire digital industry in cities, including in Xi’an. Last year, Tencent Cloud and Xi’an Aviation Base jointly built an aviation big data center. As of today, more than 2,000 companies have been on the cloud platform. We also promoted many public travel improvements in Xi’an very early. There are already more than 1,000 buses and 7 subway lines in Xi’an area, all of which have realized the code-based ride, bringing a very convenient travel experience for the citizens of Xi’an. At present, we have more than 10 million users who have launched Tencent’s ride code applet. Xi’an has a population of more than 12 million, which is still a very high proportion. They are all using Tencent’s public travel services. We also see the development of the entire transportation. As the main force of the new infrastructure, it is a very important foundation for the country’s economic development and people’s livelihood services. This is also a very important field for Tencent, so today I also want to take this opportunity to share Let us share some of Tencent’s little practices, thoughts and observations in the smart transportation industry. The constantly improving digital base is the foundation for the development of smart transportation. We see that with the continuous development of digital technology, every vehicle, every person, and every location will become a digital node in the transportation network. In the future intelligent transportation network system, every digital node can Well connected, there will be more room for development. In 2035, my country wants to become a cost-effective, green and economical, intelligent, advanced, modern, and high-quality national comprehensive three-dimensional transportation network. Under such target circumstances, what should each enterprise do? Tencent has been thinking about this problem all the time. Tencent believes that we can do our best to give play to our digital capabilities, so that every element in the communication network can form a digital connection and interconnection. We have formed a We Transport smart transportation solution in the entire transportation field. We hope to create a real-time update and self-purifying traffic dynamic digital base for the city through the dynamic connection of people, vehicles, roads, clouds, and the Internet. The brain of the cloud, on the constantly improving digital base, provides digital assistance for the construction, management, operation and service of traffic. These four stages. We are also co-constructing with some partners. We hope to finally achieve data connection and efficient collaboration, form a map of traffic situation and a network of traffic management, and provide users with one-stop service capabilities. Last year, we cooperated with the Transportation Bureau of Xi’an, and combined with Tencent’s technical capabilities in traffic location big data to provide optimization and assistance for urban public transportation in Xi’an, and to share the big data of our most real-time users. It also hopes to improve the efficiency of operation and management while improving the service experience of public travel. We use an open and collaborative ecology to accelerate the co-construction of smart transportation. The construction of smart transportation is a long-term, diversified, and highly complex ecological project. In the process of advancement, it requires the joint assistance of the government, enterprises, scientific research institutions, and the public. It requires a wide range of ecological cooperation as an industrial chain. Foundation. In the We Transport strategic framework of Tencent’s smart transportation, in addition to relying on Tencent’s own data, capabilities, and technical advantages, Tencent will also strive to become a co-builder, starting from the strategic layout of transportation, and opening up and more collaborative Concept, join hands with more partners in the industry chain, and jointly promote the intelligent upgrade of China’s transportation industry. This morning, Tencent Smart Transportation and China Academy of Information and Communications Technology signed a strategic cooperation agreement to continuously deepen diversified cooperation in the field of Internet of Vehicles and smart transportation. At the same time, we also released the product of Smart Internet Development and Evaluation Tool Chain. ZTE has launched more applications in the field of evaluation of intelligent network connection. Digital technical capabilities help Xi’an realize higher-quality traffic operation services. In the various fields covered by smart transportation, the construction of smart highways plays a very important role in society, economy, and people’s livelihood. China is developing into a high-speed power country. In the next 30 years, it will move from large-scale investment and construction to high-quality management and operation. The service stage is undergoing transformation and upgrading. At present, there have been some difficulties and challenges in the management and service of domestic expressways. For example, the cost of intelligent construction and maintenance is very high, the monitoring coverage has been incomplete, and the efficiency of management and service also has some difficulties. I have been thinking about how to use digital technology tools and Internet user service capabilities to help the management and operation of highways, reduce costs and increase efficiency, and improve the service quality of operations. In response to these difficulties and challenges in highway management and operation, today we rely on Tencent’s core technologies such as cloud computing, 5G, big data, digital twins, etc. to build a complete set of smart high-speed solutions. We are committed to achieving perceivable and computable Intelligent perception operations and service capabilities that can be made, accessible, and serviceable. Today I am very happy and honored to have the opportunity to discuss the development of smart transportation industry with all leaders and experts. We also very much hope to make use of Tencent’s technical capabilities in all aspects and explore more in-depth cooperation and cooperation with partners in the transportation industry. Co-construction helps the industry to develop smarter, expands the innovative application of technology, and brings better service experience to users. This is what Tencent has always insisted on. We also hope to join hands with everyone in the field of transportation to create Create higher service value

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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Summer is coming soon, and it’s time to debut all kinds of beautiful high heels and sandals from our shoe cabinet! It’s said that summer is the best season to wear sandals. For this point, we interviewed Zhong Chuxi and Wang Linkai, who are also very interested in shoes, to see if they have any insights on the choice of shoes for the next season and their own wear. !

Sohu Fashion X Zhong Chuxi

How do you feel about participating in offline activities for the first time after becoming a SW brand ambassador?

It feels like the people in my own family came out to play, and finally came out, and then I was also very honored, because it was really the first time, and then I shot several brand advertisements before, and this time I finally came to the store to talk I’m looking forward to seeing everyone together.

Can you tell us about the pearl series that SW is pushing this time? How would you match it?

I think the main pearl series this time is a special occasion. It is very suitable for this season of spring, and because it will give people a feeling of spring breeze, then its texture, because there is no way to show you on my feet now, Its texture is a bit suede. Then on the bag in front of the upper foot, there is a row of pearls. Small pearls will make people feel very interesting, and then it will feel very girly, because pearls are an element that I like especially, so its color is also fragrant. Taro purple is a very elegant, then very charming and romantic color.

Can you share your spring and summer dressing tips?

For summer wear, I absolutely must wear sandals in summer. I will wear taped shoes and small skirts. I will especially love suspender skirts, or it’s a one-piece one-piece dress, yes, that’s it. Will make me feel very free.

What is the next work arrangement?

The next work arrangement is that the crew is still filming, so I look forward to it.

Sohu Fashion X Imp

How do you feel about participating in the SW event this time?

I am very honored, and then very happy to be able to cooperate with SW this time.

The new sports shoes series launched by SW this time, if it were you, how would you choose to match it every day?

I think the design of this kind of sports shoes is very simple and versatile. In fact, I think it will be very comfortable to match some colors easily. When it comes to clothes, I feel more casual and sporty.

Can you share your spring and summer dressing tips?

I tend to be simpler in summer and focus on comfort. Then the color will be more vivid and refreshing. Accessories Well, I will choose some necklaces, and then some embellishment accessories. Yes, of course SW sneakers are indispensable.

Can you tell the story of the new song “whats wrong with me”?

The creation of the story originated from a question about myself at the beginning, that is, what happened to me, and then a lot of subsequent associations came out. Then wrote this song.

The recent Weibo texts are all fixed content: “Spend more time on music”, is this the new flag this year? why?

Yes, this is a standard I set for myself this year, and it is also a sentence to remind myself all the time. Even my mobile phone wallpaper is the same.

What hair color do you want to try next time?

The next work arrangement is to do a new album and mv and film variety shows, and then there may be some parts involved in some acting, but this is not yet certain. I don’t want to try my hair. I need to take care of it recently and take a break. For the color, I like pink or green.

What is the next work arrangement?

The next work arrangement is to do a new album and mv and film variety shows, and then there may be some parts involved in some acting, but this is not yet certain.

Direct activity

STUART WEITZMAN (Stuart Weiman) “Yao, not stop” limited time concept store landed in Beijing SKP first floor area A event space. STUART WEITZMAN, who has always praised the beauty of modern women, is inspired by the infinite upward ladder to create a limited-time concept store of the brand, paying tribute to the courage to step up to the top without fear, and eulogizing the beauty of self-confidence and brilliance of women. Brand ambassador Zhong Chuxi and the new generation of singer Wang Linkai attended the opening event wearing SW 2021 spring and summer new shoes, and together with the on-site guests to appreciate the ingenuity.

At the event site, Zhong Chuxi, who debuted as a brand ambassador for the first time, wore the SW 2021 spring and summer new NUNAKEDSTRAIGHT PEARLS sandals with pearls. She shared her exclusive experience with all the guests, beautiful posture and the latest models on feet STUART WEITZMAN contrasts with each other and attracts countless lights. At the same time, the new generation of popular singer Wang Linkai was also handsome. Wearing STUART WEITZMAN MCKENZEE men’s leather short boots, he was very charming and recommended several SW latest shoes, which caused screams on the scene. On the day of the event, two heavyweight VIPs also showed up in a pleasant surprise. Ms. Jennifer Wang, President and CEO of STUART WEITZMAN China, and Mr. Liu Zhengming, the manager of Beijing SKP, toasted with the artists and guests to celebrate this limited-time concept. The grand opening of the store was a grand event.

The STUART WEITZMAN 2021 Spring/Summer series, which appeared together with this limited-time concept store, once again became the eye-catching protagonist. Under the premise of fully integrating the design DNA of the brand’s fashion sense, functionality and comfort, it brings a lot of people to the eye Yiliang’s new masterpiece. The ELLA series, the NUDIST series and the new spring and summer pearl series have appeared on the stage, depicting each pair of ingenuity with the romance of spring and the passion of summer, declaring a fashion attitude that does not stop.