news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

[Titanium Media Comprehensive] According to the website of the National Development and Reform Commission on July 23, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the National Energy Administration, and the National Data Bureau recently issued the "Special Action Plan for Green and Low-carbon Development of Data Centers" to promote the green and low-carbon development of data centers, accelerate energy-saving and carbon-reduction transformation and energy-consuming equipment updates, and support the completion of the "14th Five-Year Plan" energy consumption intensity reduction binding indicators.

The Action Plan defines the green and low-carbon development of data centersmain target，By the end of 2025, the national data center layout will be more reasonable, and the overall shelf rate will be no less than 60%The average electricity utilization efficiency dropped to below 1.5, the utilization rate of renewable energy increased by 10% annually, and the average unit computing power energy efficiency and carbon efficiency were significantly improved.

Data centers are important infrastructure supporting the development of new productivity and one of the areas with the fastest growth in energy consumption in my country. It is reported that with the acceleration of the construction of Digital China, the electricity consumption of data centers will continue to grow rapidly, and the average annual growth rate is expected to reach 15%.

The action plan proposesBy the end of 2030, the average power utilization efficiency, unit computing power energy efficiency and carbon efficiency of data centers across the country will reach international advanced levels., the utilization rate of renewable energy has been further improved, and the utilization rate of waste heat in newly built large and above data centers in northern heating areas has been significantly improved.

To achieve the goal, the Action Plan deploys measures such as improving the layout of data center construction, strictly enforcing energy and water efficiency requirements for new projects, promoting energy-saving and carbon-reduction transformation of existing projects, improving the level of renewable energy utilization, strengthening resource conservation and intensive utilization, and promoting the application of energy-saving technologies and equipment.Key tasksIt strengthens policy guarantees around strengthening incentive and constraint mechanisms, improving the energy-saving and water-saving standards system, strengthening comprehensive policy support, and accelerating technological innovation leadership, and puts forward work requirements for organizational leadership, project implementation, supervision management, and publicity and guidance.

In the next step, the National Development and Reform Commission will work with relevant departments to support and promote various regions, relevant industries and enterprises to implement the Action Plan, accelerate the green and low-carbon development of data centers, and provide strong support for the active and steady promotion of carbon peak and carbon neutrality.

Titanium Media Excerpts:

The effect of the loose real estate policy may have begun to be released. With the further relaxation of real estate and fiscal policies, A-share valuations are expected to rebound moderately in the second half of the year. The stabilization of the real estate market should be the main catalyst to drive the market up in the second half of the year. The continued inflow of many long-term funds, including pension funds, social security funds and insurance funds, into the A-share market is expected to raise the valuation center. - Meng Lei, China Equity Strategy Analyst at UBS Securities Although large models have great potential, can handle complex problems and have the ability to learn and generalize. However, large language models may be more like "liberal arts students" and lack science capabilities due to model architecture limitations. Moreover, due to insufficient computing power, insufficient text data, deviations in accuracy and reliability, and insufficient model size, its intelligence level is still at the child level, more like a "five-year-old child", and it is difficult to handle complex tasks, and "hallucinations" exist for a long time. - Qi Peng, Director of the AI ​​Large Model Center of Chongqing Artificial Intelligence Research Institute, Shanghai Jiaotong University

Domestic companies:

Lei Jun: The mass-produced version of Xiaomi SU7 Ultra will be launched next year

On July 23, Lei Jun said in his 2024 annual speech return live that the mass production version of Xiaomi Auto SU7 Ultra will be officially launched next year.

Yonghui Supermarket to close three stores in Beijing

On July 23, it was reported that Yonghui started a new round of survival of the fittest in the Beijing market. During a visit on July 22, it was seen that Yonghui Supermarkets located in Chaoyang Vanke Times, Changping Longqi Plaza, and Shunyi New World Department Store have successively entered a state of discount clearance and suspension of business. The reason for the closure of individual stores is that their performance is difficult to support high rents. The phenomenon of store closures has also occurred in other regional markets. According to public information, Yonghui Supermarket has closed 8 stores in Zhengzhou in succession since the beginning of this year, accounting for 40% of the total number of stores invested in the Zhengzhou market. Similarly, in cities such as Shanghai, Fuzhou, Chengdu, and Shijiazhuang, the number of Yonghui Supermarket stores has shrunk to varying degrees. As of press time, Yonghui has not yet responded to the reasons for the closure of Yonghui Supermarket’s stores in Beijing and its next development plan. (Beijing Business Daily)

Amazon Global Shopping enters JD.com

On July 23, Amazon Global Shopping announced that the Amazon Global Official Flagship Store will be stationed in JD.com and start trial operation, and will officially open during the Black Friday global shopping season in 2024. Previously, Amazon Global Shopping mainly provided products through two channels: the website and the mini program.

Shentong Metro's stock price hit the daily limit due to its takeover of Shanghai Shentie? Response: Group business, no direct relationship with the company

On July 23, Shanghai Shentong Metro Co., Ltd. hit the daily limit today. When calling the securities affairs representative department of Shentong Metro to inquire about the reason for the daily limit, the operator said that some investors may have some misunderstandings about the relationship between Shentong Metro Group and Shentong Metro Co., Ltd. The takeover of Shanghai Shentie and Jiushichengkai belongs to the relevant business of Shentong Metro Group and has no direct relationship with Shentong Metro Co., Ltd. In terms of equity structure, Shentong Metro Group is the main controlling shareholder of Shentong Metro Co., Ltd. According to the equity structure disclosed in the company's 2023 annual report, Shanghai Shentong Metro Group holds a 58.43% stake. (The Paper)

Online writers jointly boycott the Tomato Novel AI Agreement? Response: The function entrance to cancel the relevant terms has been launched

On July 23, many online writers posted that the "AI training supplementary agreement" was added to the Tomato Novel contract, requiring authors to agree to "feed" their works to the platform's AI for content development, which triggered opposition from many writers. The person in charge of Tomato Novel said that Tomato Novel has launched a function entrance to cancel the relevant terms for authors who have signed supplementary agreements or signed terms that include AI-assisted writing. Users can initiate the cancellation of relevant terms through the Tomato Writer Assistant app and the Tomato Novel website author workstation. If you have any questions during the operation, you can contact the customer service staff.

Two series of products of Everbright Trust experienced abnormal drawdown

According to news on July 23, recently, many investors reported that the net value of the Everbright Trust Anxiang series and Ruixiang series products they purchased stopped updating after an abnormal and large net value drawdown on May 31. According to multiple interim announcements of products, Everbright Trust said that after preliminary investigation, the reasons for the net value drawdown of the risky products include: first, the risky products have invested in situations that exceed the investment strategy agreed in the fund contract, and invested in over-the-counter derivative contracts with a snowball structure; second, the risky products adjusted the valuation method, adjusted the cost method to the valuation method agreed in the fund contract, and superimposed the decline of the index linked to the snowball contract. According to the product promotion materials and trust contract terms provided by investors, investing in over-the-counter derivatives with a snowball structure may be an over-range investment, and Everbright Trust did not disclose the underlying truthfully in the early stage. Taking May 31 as the time node, some products have stopped profit and cashed out in advance. At present, Yang, the former trust manager of the Anxiang series and Ruixiang series, has been dismissed. On July 23, a call was made to Yang, and his phone showed that he was always on the phone and could not be connected. We sent an email to Everbright Trust regarding the above situation, but as of press time, we have not received a response. (Interface)

Will Nippon Steel withdraw from the joint venture of Baosteel-Nippon Automotive Steel? Baosteel Group responds

On July 23, it was reported that Nippon Steel will withdraw from its joint venture with Baoshan Iron & Steel Co., Ltd., Baosteel Nippon Steel Automotive Plate Co., Ltd. According to the news, Nippon Steel has decided to sell all of its shares to Baosteel, with an estimated value of hundreds of millions of dollars. In this regard, a person from Baosteel's investor relations department said that the company's public information shall prevail. If Nippon Steel withdraws, will Baosteel's takeover of Baosteel-Nippon Automotive Plate have any impact on the company? The person said that there will not be much impact, after all, its volume is not very large. As for the proportion of Baosteel-Nippon Automotive Plate business in the company's revenue, the person said that the company has not disclosed the data. (Southern Finance)

Foreign companies:

Meta releases LLAMA 3.1 405B open source artificial intelligence model

Meta released the LLAMA 3.1 405B open source artificial intelligence model on July 23. In addition, Meta launched upgraded versions of the Llama model 8B and 70B, extending the context length to 128K and adding support for 8 languages.

Apple's foldable iPhone could be released in 2026

On July 24, according to two people familiar with the matter, Apple is developing a foldable iPhone that could be released as early as 2026. In recent months, Apple has approached Asian suppliers to make parts for the phone. People familiar with the matter said the phone can be folded horizontally like a clamshell. This would make it similar to the Samsung Galaxy Z Flip released in 2020.

OpenAI: If new models exceed the "medium" risk threshold, they will not be released

On July 23, OpenAI updated its security information on the social platform X on July 23, saying that in order to ensure that it is prepared to assess and guard against the risks posed by increasingly powerful artificial intelligence models, if the new model exceeds the "medium" risk threshold, then the company will not release it unless adequate security interventions are implemented. OpenAI is developing levels to help the company and stakeholders classify and track AI progress. This work is ongoing and we will share more information soon. In addition, OpenAI mentioned that the company's "whistleblower" policy protects employees' rights to make protected disclosures, and the company has changed the resignation process and removed non-derogatory clauses.

Musk's brain-computer interface company Neuralink's valuation soars, employees and investors are preparing to sell shares

On July 23, people familiar with the matter said today that as the valuation of Elon Musk's brain-computer interface company Neuralink soars, some employees and investors of the company are preparing to sell their shares. According to two people familiar with the matter, Neuralink will launch a takeover offer as early as next month to buy back shares from employees who want to sell their shares. Some employees and investors of Neuralink are also preparing for this. Neuralink and Musk have not yet commented on this.

Tesla's five-year interest-free policy extended

On July 23, according to Tesla China's official microblog, the deadline for the 5-year 0% interest financing plan for Model 3/Y was extended from July 31 to August 31. The event is for Model 3 rear-wheel drive version and long-range all-wheel drive version, with a down payment of 79,900 yuan, and daily payments as low as 95 yuan for the rear-wheel drive version and 118 yuan for the long-range all-wheel drive version; Model Y rear-wheel drive version and long-range all-wheel drive version, with a down payment of 79,900 yuan, and daily payments as low as 85 yuan for the rear-wheel drive version and 107 yuan for the long-range all-wheel drive version.

LG enters semiconductor glass substrate market

According to industry sources on July 23, LG Innotek is looking for companies with core technologies for semiconductor glass substrates, such as through-glass electrodes (TGV) and glass cutting. It is reported that the company has begun to make basic preparations for the manufacture of semiconductor glass substrates and has conducted a considerable amount of technical negotiations.

Abu Dhabi Investment Authority considers 1 billion euro investment in Nestlé ice cream joint venture

On July 23, people familiar with the matter revealed that the Abu Dhabi Investment Authority is considering investing at least 1 billion euros (1.1 billion U.S. dollars) in Nestlé's ice cream joint venture. The Abu Dhabi Investment Authority, which controls nearly 1 trillion U.S. dollars in assets, is working with advisers to consider investing new funds in the Froneri ice cream joint venture established by Nestlé and PAI Partners. The deal will help PAI hold Froneri's shares for a longer period of time and may make the enterprise worth $10 billion or more.

Google will retain cookies in Chrome browser, UK regulators: considering taking action

On July 23, the UK Information Commissioner's Office (ICO) announced that it was disappointed with Google's change of plan and no longer intended to eliminate third-party cookies from the Chrome browser. The UK Information Commissioner's Office said that since the beginning of Google's sandbox project in 2019, the department has believed that blocking third-party cookies is a positive step for consumers. The announcement stated that the digital advertising industry is encouraged to adopt more private alternatives to third-party cookies, and will consider taking regulatory action when systemic violations are found in all companies, including Google. Google previously stated that it will no longer cancel and replace third-party cookies for its Chrome browser.

Policy direction:

Ministry of Agriculture and Rural Affairs: Strictly adhere to the bottom line and red line of rural homestead policy and effectively strengthen the standardized management of rural homesteads

On July 23, Han Jun, Secretary of the Party Leadership Group of the Ministry of Agriculture and Rural Affairs, presided over a national policy briefing on the agricultural and rural system. The meeting stressed that it is necessary to strictly adhere to the bottom line of the rural homestead policy and unwaveringly strengthen the standardized management of rural homesteads. In accordance with the requirements of ensuring residence, controlling disorderly construction, and revitalizing idle land, with standardized management as the focus, efforts should be made to improve the system, strengthen supervision, and continuously improve the level of homestead management. Seriously implement the policy requirements of allowing farmers to revitalize and utilize legally owned housing through leasing, equity investment, cooperation, etc., and explore specific ways to use it in a safe and orderly manner. On the issue of farmers' voluntary paid withdrawal from homesteads, it is necessary to be cautious in exploring and establishing relevant methods, and never blow the wind. Leave a way out for farmers who move to the city, and truly consider the long-term interests of farmers. The meeting stressed that it is necessary to deepen the reform of the separation of the "three rights" of contracted land, adhere to the principle of voluntary and paid according to law, and develop moderate-scale agricultural operations. In specific work, it is strictly forbidden to promote land transfer by setting tasks and indicators or incorporating transfer areas and transfer ratios into performance appraisals. It is necessary to improve the supervision mechanism for rural land transfer, strengthen risk prevention, and ensure that land transfer is standardized and orderly.

Hangzhou: Focusing on building the computing power base, model foundation and data support for the entire artificial intelligence industry chain

On July 23, Hangzhou issued a notice on several measures to support the high-quality development of the entire artificial intelligence industry chain, which mentioned the creation of industrial clusters in subdivided fields. Focusing on building the computing power base, model cornerstone and data support of the entire artificial intelligence industry chain, we will strengthen the linkage between cores and machines, the connection between the whole and the parts, and the collaboration of the industry, and cultivate a number of industrial clusters in subdivided fields such as high-performance chips, high-speed optical networks, high-performance liquid-cooled servers, artificial intelligence algorithms, and multimodal data sets. Strengthen the introduction and cultivation of high-quality enterprises. Focusing on the fields of intelligent computing power, large models and application empowerment in the entire industry chain, we will vigorously introduce and cultivate new forces that are in the key links of the industry chain, have independent core technologies, and are high-growth, and support qualified enterprises to apply for Hangzhou headquarters enterprises. Accelerate the cultivation of leading enterprises with industrial chain control capabilities and international competitiveness, and reward the first-identified "single champion" enterprises in the manufacturing industry, the national specialized and new "little giant" enterprises, and the provincial "hidden champion" enterprises in accordance with relevant policies.

Henan: Launching a bond financing cultivation campaign for technology-based enterprises, striving to issue more than 6 billion yuan in "technology loans" throughout the year

On July 23, the General Office of the People's Government of Henan Province issued a number of measures to promote steady economic growth in the second half of 2024 and further optimize the innovation ecosystem. Issue a provincial angel investment fund implementation plan, implement a science and technology financial partnership plan, integrate and establish a provincial technology-based enterprise directory, carry out technology-based enterprise bond financing cultivation actions, actively explore and develop new types of technology insurance, and strive to issue more than 6 billion yuan of "technology loans" throughout the year. Implement a three-year action plan to improve the ability to transfer and transform scientific and technological achievements, plan and build a provincial science and technology achievement transfer and transformation demonstration zone, start the construction of a provincial concept verification center, and strive to exceed 160 billion yuan in technical contract turnover throughout the year. Carry out a pilot reform of the provincial science and technology talent evaluation, and revise and improve the provincial science and technology award measures.

Hunan Province: Supports university researchers to work part-time in enterprises for remuneration

On July 23, a press conference on "Several Measures of Hunan Province to Accelerate the Transformation of Scientific and Technological Achievements in Colleges and Universities" (referred to as "Twenty Measures to Accelerate the Transformation of Achievements in Colleges and Universities") was held in Changsha this morning. The meeting revealed that by implementing measures such as classified evaluation of scientific research and transformation personnel, the endogenous motivation of scientific researchers in colleges and universities to promote the transformation of achievements will be better stimulated. Support scientific researchers to receive part-time remuneration in enterprises and implement incentive measures for management and service personnel. The "Twenty Measures to Accelerate the Transformation of Achievements in Colleges and Universities" requires that the education, science and technology, and human resources and social security departments guide colleges and universities to formulate part-time management systems for scientific researchers and incentive measures for management and service personnel, clarify that the part-time remuneration (including rewards) obtained by scientific researchers in accordance with the agreement belongs to the individual and is not subject to the total performance salary limit of the unit, and reward management staff and intermediary service personnel at a rate not less than 5% of the net income from the transfer and licensing of scientific and technological achievements, implement the policy of income distribution from the transformation of scientific and technological achievements, and encourage more scientific researchers to participate in corporate technological innovation and achievement transformation.

Five departments: By the end of 2025, the proportion of production capacity above the energy efficiency benchmark level in the electrolytic aluminum industry will reach 30%

On July 23, five departments issued a notice on the "Special Action Plan for Energy Conservation and Carbon Reduction in the Electrolytic Aluminum Industry". By the end of 2025, the proportion of production capacity above the energy efficiency benchmark level in the electrolytic aluminum industry will reach 30%, and the production capacity below the energy efficiency benchmark level will complete technical transformation or be eliminated and withdrawn. The proportion of renewable energy utilization in the industry will reach more than 25%, and the output of recycled aluminum will reach 11.5 million tons. Through the implementation of energy-saving and carbon-reduction transformation, the electrolytic aluminum industry will save about 2.5 million tons of standard coal and reduce carbon dioxide emissions by about 6.5 million tons from 2024 to 2025. By the end of 2030, the energy consumption and carbon emissions per unit product in the electrolytic aluminum industry will drop significantly, the use of renewable energy will be further improved, and important breakthroughs will be made in energy-saving and carbon-reduction technologies such as low-temperature aluminum electrolysis, new continuous anode electrolytic cells, inert anode aluminum electrolysis, and recycled aluminum grade retention. The supply capacity of high-end aluminum products has been greatly improved, and the green and low-carbon development of the industry has achieved remarkable results.

Many banks in Beijing have rapidly lowered their interest rates, with the first mortgage rate falling to 3.4%

On July 23, it was reported that many banks in Beijing have begun to lower mortgage rates, with the first mortgage rate down to 3.4% and the second mortgage rate down to 3.6%. "The LPR dropped yesterday, and mortgage rates followed suit." A customer manager of China Merchants Bank in Beijing said that the current mortgage rate for the first mortgage is as low as 3.4%, and the second mortgage rate depends on whether the house is inside or outside the Fifth Ring Road. "After the LPR was lowered, the mortgage rate for the first mortgage dropped to 3.4%; if it is a second home, if the customer purchases a house within the Fifth Ring Road, the mortgage rate will drop to 3.8%, and if the customer purchases a house outside the Fifth Ring Road, the mortgage rate will drop to 3.6%." A person from the personal loan center of an ICBC branch in Beijing said. (Shanghai Securities News)

Some banks in Shanghai have rapidly lowered their interest rates, with the first mortgage rate falling to 3.4%

On July 23, some banks in Shanghai have begun to lower mortgage rates, with the first mortgage rate down to 3.4% and the second mortgage rate as low as 3.6%. "The latest mortgage rates have been implemented, with the first mortgage rate at 3.4%; for the second mortgage rate, the urban mortgage rate is 3.8%, and the mortgage rate in the Lingang New Area of ​​the Free Trade Zone, Jiading, Qingpu, Songjiang, Fengxian, Baoshan, and Jinshan is 3.6%." On July 23, a person from the personal loan center of a branch of the Industrial and Commercial Bank of China in Shanghai said. (Shanghai Securities News)

Guangzhou's lowest mortgage rate has dropped to 2 digits

On July 23, along with the adjustment of LPR, mortgage interest rates also saw a reduction. The lowest mortgage interest rate in Guangzhou has dropped below 3%, a record low. On July 23, it was learned from several major banks in Guangzhou that after the People's Bank of China announced the loan market benchmark rate (LPR) on July 22, 2024, all commercial banks in Guangzhou will implement the latest mortgage interest rate standards from the 23rd. Currently, state-owned banks such as Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank, which have a relatively large scale of mortgage business, have reduced the first mortgage interest rate to 3.1% (ie LPR-75BP); the second mortgage interest rate has been reduced to 3.75% (ie LPR-10BP). In addition, some high-quality customers are currently in foreign banks such as HSBC. If they apply for a mortgage of a certain amount, the interest rate is expected to drop to the "2" digit. (Nanfang Daily)

Stock market quotes:

"China Marine Economy Stock Price Index" released

On July 23, the Ministry of Natural Resources and the Shanghai Stock Exchange jointly released the "China Marine Economy Stock Price Index". The "China Marine Economy Stock Price Index", referred to as "Marine Economy", code 932056, is the first comprehensive index in the marine field in China covering the entire market of Shanghai, Shenzhen, Beijing and Hong Kong. It is jointly compiled by the National Marine Information Center and China Securities Index Co., Ltd. At present, there are 213 sample stocks in the "Marine Economy" index, involving 20 marine and related industries. According to calculations, from the base date of December 31, 2012 to July 22, 2024, the annualized return of the index is 7.5%.

ETF interconnection expanded again, with the number reaching 241

On July 23, a new list of products included in the ETF interconnection came into effect yesterday, and the number of targets was officially expanded. Among them, 85 ETFs were included in the Mainland-Hong Kong Stock Connect targets, and 6 ETFs were included in the Hong Kong-Shenzhen Stock Connect targets, totaling 91. After this expansion, the total number of ETF interconnection products will reach 241. From the perspective of indexes, there are 42 northbound ETFs in this expansion that track indexes that were not previously covered by the interconnection. The new coverage indexes involve a total of 36, of which 24 indexes are industry theme indexes, such as the CSI Cloud Computing and Big Data Theme Index and the CSI Technology 50 Index. From the perspective of the number of products, the number of ETF interconnections will reach 241 after the expansion, an increase of nearly 60%. Among them, a total of 19 ETFs under E Fund Management were included, ranking first in the industry.

Bank of America clients sold more than $7 billion in U.S. stocks last week, the largest amount since November 2020

On July 23, a team of Bank of America (BofA) strategists led by Jill Carey Hall said in a research report on Tuesday that last week, Bank of America's clients sold a net $7 billion of U.S. stocks, the largest sell-off since November 2020. Among them, institutional clients led the decline for the second consecutive week, and hedge funds saw capital outflows for the first time in three weeks. From an industry perspective, the financial industry saw the largest outflow of funds for the second consecutive week, despite better-than-expected earnings across the industry. Technology stocks saw a large outflow of funds, the first outflow of funds since May. Communication services continued to see inflows, the largest of all industries last week.

Toyota buys back $5.2 billion of shares from banks, insurers

Toyota Motor Corp. will buy back 806.8 billion yen ($5.2 billion) worth of shares from major Japanese banks and insurance companies as part of a broader move to unwind strategic holdings with financial partners, Toyota said in a statement on July 23. Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and others will buy back their shares at 2,781 yen per share, an 11% discount to Tuesday's closing price.

Midea Group: H-share issuance and listing has been registered by the China Securities Regulatory Commission

On July 23, Midea Group announced that the company is in the process of applying for the issuance of H shares and listing on the main board of the Hong Kong Stock Exchange Limited. The company recently received the "Notice on the Registration of Overseas Issuance and Listing of Midea Group Co., Ltd." issued by the China Securities Regulatory Commission.

Pony.ai may go public in the U.S. in September

On July 23, it was learned from an informed source that Pony.ai, a unicorn company in the field of autonomous driving, may go public in the United States as early as September this year, and has already found institutional investors with clear IPO investment intentions. Based on this, we asked Pony.ai for confirmation, but as of press time, the other party has not responded. Pony.ai was founded in 2016 and currently has three core businesses: autonomous driving travel services, autonomous driving trucks, and intelligent driving for passenger cars. The company has R&D centers in Silicon Valley, Beijing, Shanghai, Guangzhou, and Shenzhen, and has obtained autonomous driving testing, operation qualifications and licenses in many places in China and the United States. (Interface)

Taiwan's stock market to suspend trading on Wednesday

On July 23, due to the impact of the typhoon, Taiwan’s stock market will suspend stock trading on Wednesday (July 24).

Other important content:

The State Council appoints and removes national personnel and appoints Guo Tingting (female) as Vice Minister of Finance

On July 23, the State Council appointed and removed state officials. Guo Tingting (female) was appointed as Vice Minister of Finance; Song Shanyun was appointed as Vice Director of the China Meteorological Administration; Zhang Qin was appointed as Vice Director of the China Earthquake Administration; Liu Zhenguo was appointed as President of the China Association of Aged Care. Zhu Zhongming was removed from the post of Vice Minister of Finance; Guo Tingting (female) was removed from the post of Vice Minister of Commerce; Li Yifei was removed from the post of Political Commissar of the Xinjiang Production and Construction Corps and Chairman of China Xinjian Group Corporation.

Chinese scientists discover molecular water in lunar soil for the first time

On July 23, the Institute of Physics of the Chinese Academy of Sciences learned that Chen Xiaolong, a researcher at the Institute of Physics of the Chinese Academy of Sciences/Beijing National Research Center for Condensed Matter Physics, Jin Shifeng, an associate researcher, Hao Munan, a doctoral student, and Guo Zhongnan, an associate professor at the University of Science and Technology Beijing, Yin Bohao, an engineer at Tianjin University, Ma Yunqi, a researcher at the Qinghai Institute of Salt Lakes of the Chinese Academy of Sciences, and Deng Lijun, an engineer at Zhengzhou University, discovered an unknown mineral crystal rich in water molecules and ammonium on the moon - ULM-1 in the lunar samples brought back by Chang'e 5. This marks the first time that scientists have discovered molecular water in lunar soil, revealing the true existence form of water molecules and ammonium on the moon. The research results were recently published online in the academic journal Nature Astronomy. (CCTV News)

China Academy of Information and Communications Technology: It is expected that the scale of my country's cloud computing market will exceed 2.1 trillion yuan in 2027

On July 23, at the 2024 Trusted Cloud Conference, the China Academy of Information and Communications Technology released the "Cloud Computing White Paper (2024)". Li Wei, deputy director of the Cloud Computing and Big Data Research Institute of the China Academy of Information and Communications Technology, said that the cloud computing market size in 2023 will total 616.5 billion yuan, an increase of 35.5% over 2021. With the innovation of cloud computing technology brought by AI native and the large-scale application of large models, my country's cloud computing industry development will usher in a new round of growth curve. It is estimated that by 2027, the scale of my country's cloud computing market will exceed 2.1 trillion yuan. Among them, the growth rate of the SaaS market is 23.1%. In the future, as AI large models enter the commercial landing stage, it is expected to become the main way for small and medium-sized innovative companies to compete. The PaaS market grew by 74.9% year-on-year and will continue to increase driven by the demand for public cloud overseas business and AI development.