Prospect of soda ash market in 2024

  In 2023, the soda ash market experienced great changes, and the price fluctuation was obviously intensified. This paper mainly analyzes the changes of soda ash market in 2023, and looks forward to the changes and unchanged in 2024.

  I. Important changes in soda ash market in 2023

  In 2023, the soda ash market has undergone many changes, both in supply and demand, and in the market competition pattern. As an important part of three acids and two alkalis, soda ash is known as the "mother of chemical industry". Because of its high degree of standardization and relatively easy preservation, there are more participants in soda ash futures and spot. On the whole, the changes of soda ash market in 2023 include the following five aspects:

  First, the price fluctuation cycle of soda ash is shortened, and the price elasticity is intensified. Taking the price fluctuation of 1000 yuan/ton as the boundary, it will take several months or even years for soda ash to get out of a 1000 yuan/ton band before 2022, and the soda ash market will experience two waves of 1,000 yuan rise and two waves of 1,000 yuan fall in 2023. In 2023, the huge fluctuation of soda ash showed the characteristics of short-term strong outbreak, and most of the thousand-point market in the year was completed within 1.5-2.0 months. This change has an obvious impact on market participants. If we can’t change our thinking quickly, both spot and futures operations are prone to losses.

  The picture shows the trend of domestic soda ash futures and spot prices from 2021 to 2023 (unit: RMB/ton).

  Second, the supply of soda ash continued to increase, and the production capacity increased to a new high. In 2023, the domestic output of soda ash was about 32.54 million tons, an increase of 3.34 million tons, with an increase of 11.44%. This output accounts for nearly half of the global soda production, and has reached a record high. The sharp increase of soda ash production in 2023 is mainly affected by the release of daily production capacity and the increase of operating rate. In 2023, the domestic soda production capacity will increase by 6.3 million tons.Head enterprises represented by Jinshan, Henan Province continued to expand their production capacity. In 2023, the profits of ammonia-alkali method and combined alkali method (double tons) were 876 yuan/ton and 1387 yuan/ton respectively, which stimulated the operating rate to increase by 2.78% to 88.04% during the year.

  Third, the concentration of soda ash upstream is further improved. The biggest change of soda ash market in 2023 is the sharp increase of industry concentration, and the leading enterprises’ control over prices is obviously enhanced. According to the data of Baichuan Yingfu, by the end of 2023, the effective production capacity of domestic soda ash was about 37.8 million tons, among which the top three enterprises (Henan Jinshan, Boyuan Yingen,The total production capacity is 13.2 million tons, accounting for 34.92%; The total production capacity of the top ten enterprises is 23.7 million tons, accounting for 62.70%. If the production capacity of the same group is combined, the top five enterprises in Henan Jinshan, Zhongyan Group,The total production capacity is about 22.1 million tons, accounting for 58.47%; By the end of 2022, the production capacity of the top five soda enterprises accounted for about 51.11%. Not only is the number improved, but Jinshan, Henan Province is the lowest-cost soda enterprise in China and the lowest-cost chemical soda enterprise in China. The market share of low-cost enterprises has increased, and the impact of the change in operating rate on the market has greatly increased. In addition, China National Salt Group, which ranks in the top five, is the main producer of soda ash delivery products in China, and the domestic soda ash production cost is high. The ecological environment in Qinghai is fragile, environmental protection problems are prone to repeated fermentation, the cost of seawater is high, the price sensitivity is high, and it is easy to reduce production after losses.

  Fourth, the downstream demand of soda ash reached a record high. In 2023, the domestic total consumption of soda ash was about 31.32 million tons, an increase of nearly 2 million tons compared with 2022. The main increase comes from the increase of photovoltaic glass production. From January to November 2023, the domestic photovoltaic glass output was 22,593,300 tons, an increase of 8,119,300 tons compared with the same period of last year, with a growth rate of 56.10%. It is estimated that the domestic photovoltaic glass output will be 25 million tons in 2023, an increase of 8.8 million tons compared with the same period of last year, and the demand for soda ash will increase by 1.76 million tons. In addition to the impact of the increase in photovoltaic glass production, the increase in lithium carbonate production also brought about some increase.

  Fifth, soda ash imports hit a new high for many years. In 2023, the export volume of soda ash was about 1.47 million tons, and the import volume was about 770,000 tons, which reached a new high in more than ten years. In 2023, overseas soda production capacity increased slightly, but the growth rate of overseas demand was low. In 2023, the center of gravity of domestic soda ash price moved up, and the spot price rose above 3,000 yuan/ton for many times. After the price difference between domestic and foreign markets was opened, leading glass enterprises and large traders actively imported natural alkali with lower price, mainly American alkali and Turkish alkali. According to the CIF price of US$ 210/ton and the exchange rate of US$ 7.10 against RMB, the total cost of importing trona (including customs duties, value-added tax and transportation fees) for glass enterprises is only RMB 2,000/ton. When the domestic price rises above 2600 yuan/ton, and the price difference is greater than that of 600 yuan/ton, even considering the risk of falling spot price, the import is still profitable.

  Second, the change and invariability of soda ash market in 2024

  1. Constant: High volatility continues.

  The constant price of soda ash, a basic chemical, will be its frequent change, and the high fluctuation characteristics of soda ash will continue in 2024. Soda soda, a non-hazardous chemical, has a high degree of standardization, so it has been widely concerned by market funds. In addition to institutional investors, in recent years, soda production, consumption and trade enterprises have also actively participated in the futures market, and the current institutions are constantly emerging and their influence on the market is increasing. In the constant game of the market, the price fluctuation of soda ash is also obviously intensified, and the high fluctuation will continue in the future.

  Due to the high fluctuation of soda ash, there are obvious hedging opportunities in the upper, middle and lower reaches of the industrial chain. From 2021 to now, domestic spot price and futures of Shahe heavy soda ashThe price difference of the contract fluctuates obviously, and most of the futures are discounted to the spot, but there have also been several waves of futures premium spot trends. Under the pessimistic expectation, the soda ash futures price in 2023 is mostly discounted in cash, but two waves of soda ash surge in the year make the basis quickly repaired. At present, the soda ash market is still characterized by a large discount on spot futures, and downstream enterprises should actively pay attention to the opportunity to buy soda ash near the cost price in the distant month for hedging. Upstream enterprises rely on spot prices to sell recent contracts for hedging.

  2. unchanged: the expectation of oversupply is hard to change.

  Since March 2023, the main trading logic of soda ash market has been the expectation of oversupply brought by production capacity. In 2023, the domestic soda production capacity increased by 6.3 million tons, and there are still nearly 3 million tons of production capacity to be released in 2024. According to the production pace of soda ash, the oversupply of soda ash in 2024 is expected to be obvious, especially in the first half of the year, there are few maintenance arrangements for enterprises, and the supply pressure brought by new production capacity will have a greater impact on prices, and the trend of SA2405 is downward.

  3. No change: the maintenance effect will continue to ferment.

  In 2023, the soda ash market fluctuated greatly, and besides the impact of the release rhythm of new capacity, the phased maintenance of old equipment also had a more obvious impact on the price. The surge of soda ash from July to August, 2023 was driven by "delayed launch of new production capacity" and "large-scale overhaul of old equipment", and the surge of soda ash in November, 2023 basically continued the dual drive. Looking forward to 2024, the spot and futures prices of soda ash will face obvious price pressure in the first half of the year, with the increase in imports and the release of new capacity at the beginning of the year, and the maintenance in the first half of the year is usually less. If the price drops sharply in the first half of the year, especially after falling below the cost of ammonia-alkali process, the overhaul of soda ash market will increase obviously, and it is likely to exceed the supply increment brought by new production capacity. From the time point of view, the large-scale overhaul of soda ash in 2024 may take place in June-August, and the double pressure of high temperature superposition and falling prices in summer will promote the overhaul of soda ash enterprises. If the maintenance happens as scheduled, the price of soda ash is likely to rebound in stages.

  The table shows the influence matrix of soda plant commissioning and maintenance on the price.

  4, unchanged: photovoltaic glass brings incremental demand.

  In 2023, 19 domestic photovoltaic glass production lines will be added, and the daily melting capacity will increase by 19,750 t/d to 99,810 t/d. In 2023, the incremental demand of photovoltaic glass for soda ash will be nearly 1.8 million tons. In 2024, domestic photovoltaic glass will still be in the cycle of capacity expansion, and the demand for soda ash will increase, which will still be the main source of incremental demand for soda ash. Affected by the early warning system of photovoltaic glass production capacity and the slowdown of demand growth, after considering the maintenance and other factors, it is estimated that the domestic photovoltaic glass production capacity will increase by 20,000-25,000 t/d to 120,000-125,000 t/d in 2024, the annual output will increase by about 6 million tons, and the demand for soda ash will increase by 1.2 million tons.

  5. Constant: Downstream demand remains rigid.

  In 2023, the market of soda ash is mainly driven by the supply side, and the demand side is relatively less sensitive to the price. The downstream of heavy alkali is mainly used for float glass and photovoltaic glass, while the downstream demand of light alkali is relatively dispersed but closely related to food, clothing, housing and transportation. Before the price of soda ash rose above 3000 yuan/ton, the demand of heavy alkali and light alkali changed little; When the price rises above 3000 yuan/ton, the downstream of heavy alkali will obviously reduce the purchase, and some downstream of light alkali will reduce the production to reduce the loss. Because the demand for soda ash is relatively rigid, changes in the supply side will lead to huge price fluctuations. With the continuous increase of photovoltaic glass production, the proportion of heavy alkali demand will continue to increase, and the change of soda ash demand side will be smaller.

  6. Change: non-traditional demand or exceeding expectations

  In 2024, the demand for soda ash is expected to increase by 2 million tons, which is close to that in 2023. The incremental demand brought by photovoltaic glass is slightly reduced, and the demand for float glass is slightly increased. Represented by lithium carbonateThe demand for alkali will increase, and new fields such as nano-zinc oxide will create some new demand areas. On the whole, the demand for soda ash in 2024 is not pessimistic, and we will continue to pay attention to the production capacity of photovoltaic glass and the non-traditional demand changes represented by lithium carbonate in the later period.

  7. Change: the end of the high-profit pattern

  On the whole, the pattern of soda ash market in 2024 is set to be loose supply, especially in the first half of the year. In 2024, the expectation of oversupply in soda ash market will be fulfilled with a high probability, and the price center may be significantly lower than that in 2023. According to the average price of 2000 yuan/ton of heavy alkali, the average profit of ammonia-alkali process may drop to 200-300 yuan/ton in 2024, which is obviously lower than the average profit of 876 yuan/ton in 2023. In 2024, soda ash spot enterprises may experience staged losses, and individual enterprises may withdraw from the market.

  8. Change: The overall operating rate of the industry will decline.

  Under the background of production capacity, it is expected that the price of soda ash will drop and the profit will drop in 2024, and the industry operating rate will decline. Among them, the low-cost natural alkali may maintain a high operating rate, and the operating rate of high-cost combined alkali and ammonia-alkali method may show a downward trend. Periodic losses and maintenance may lead to the operating rate of soda ash industry falling below 80%.

  9. Change: The import volume may be significantly reduced.

  In 2023, the import of soda ash increased sharply, and the core reason was the expansion of internal and external price difference. In 2024, the operation center of soda ash price will move down and the import window will be closed. It is estimated that exports will drop significantly in 2024, and the annual export volume may drop to around 400,000 tons, which is lower than 770,000 tons in 2023.

  10. Change: The mode of trade may continue to change.

  Influenced by the opportunity brought by the fluctuation of soda ash price, a large number of current institutions have emerged in the domestic soda ash market since 2021, among which Jiangsu, Zhejiang and Shanghai-based institutions are deeply involved. With the advantages of capital, talents and information, current merchants have become one of the leading forces in soda pricing. Through the combination of existing machines, the spot price has become an important way of soda ash spot circulation. Leading float glass enterprises, such as Qibin and Xinyi, also began to use the point price to purchase. Under the impact of the new model, the trade pattern of soda ash has changed greatly, especially in Shahe and Hubei, two delivery warehouses.

  11. Change: the direction or change of goods.

  In 2023, a large amount of new capacity of soda ash was released, among which 4 million tons of new capacity of Yuanxing Energy and 2 million tons of new capacity of Jinshan, Henan Province had the most significant impact. Due to the limited consumption of soda ash in northwest China, most of the soda ash in Inner Mongolia and Qinghai needs to be sold abroad. With the continuous release of new production capacity, the trade pattern of domestic soda ash market will also change in the future. The low-cost Yuanxing trona will mainly circulate in the northern region, and Henan Jinshan will further enhance its market share in Central China and East China. The original soda enterprises with North China and Central China as the main consumption areas will pay more attention to the regional markets such as East China and South China in the future, and the competition will be more intense.

  12. Change: Downstream pricing power will be significantly enhanced.

  In 2024, the price of soda ash shows a downward trend as a whole, the upstream pricing power will be weakened, the downstream pricing power will be enhanced, and the profit of the industrial chain is expected to be reconstructed. In the downward price stage, the downstream wait-and-see mood may intensify, leading to "negative feedback" in the spot market. When the price of soda ash falls to near the cost of ammonia and alkali, downstream enterprises may increase their replenishment efforts, and then the inventory will be transferred from upstream to downstream. Benefiting from the downward trend of raw material prices, the profit of float glass in 2024 may be slightly better than that in 2023. (Author:Futures)

Performing duties at a high level, promoting high-quality development and forging ahead with a new journey of Chinese modernization.

  The newspaper reported on 6th (reporter Guo Minghua, Xue Jing, Sang Lei) that on 6th, Chinese People’s Political Consultative Conference, a member of Heilongjiang Province who attended the 14th session of Chinese People’s Political Consultative Conference, attended the group meetings of his respective sectors, discussed the government work report, plan report and budget report with members from all over the country, and continued to review the work report and proposal work report of the Standing Committee of Chinese People’s Political Consultative Conference.

  Lan Shaomin, member of Chinese People’s Political Consultative Conference and chairman of the Heilongjiang Provincial Political Consultative Conference, said during the discussion that the past five years have been extremely unusual and extraordinary. In the past five years, the overall situation of the world has changed, the epidemic situation in the century has been violently impacted, and the risk challenges have followed, and the stormy waves are gripping. Under the strong leadership of the CPC Central Committee with the Supreme Leader as the core, historic achievements and changes have taken place in various undertakings of the party and the country. Premier Li Keqiang’s report on government work is a practical chapter on government work that thoroughly implements Socialism with Chinese characteristics Thought of the Supreme Leader in the new era and the spirit of the 20th Party Congress, a summary of the laws and experiences of high-quality development in the past five years, and a policy-oriented declaration on restoring economic growth in the post-epidemic era, which fully embodies the firm stand with a clear-cut stand, profound thinking from practice, and the scientific spirit of seeking truth and being pragmatic. I fully agree with the government work report. The plan and budget reports are also very realistic, and I fully agree with them. Two suggestions are put forward: First, regarding the issue of supporting small and medium-sized enterprises, the financing environment of small and medium-sized enterprises should be further optimized, and the capital occupation of small and medium-sized enterprises by upstream and downstream should be further rectified. Second, on the issue of solidly promoting the strategy of coordinated regional development, we should support greater agglomeration and better development of industries in high latitudes.

  Huang Jiansheng, member of Chinese People’s Political Consultative Conference and former chairman of the Heilongjiang Provincial Political Consultative Conference, said that the government work report held high the banner, was pragmatic and inspiring. First, great achievements have not come easily, and China’s development has stood at a new and higher historical starting point. Second, the development goals are positive and feasible, in line with the central decision-making and deployment and the expectations of the people. Third, the work suggestions are scientific and reasonable, which fully embodies the economic thought of the supreme leader and the spirit of the 20 th Party Congress. The work report of the Standing Committee of Chinese People’s Political Consultative Conference has a clear-cut stand, stressing politics, concentrating on development and summing up experience before moving forward. First, the work is upright and innovative, with many bright spots and many new achievements. Second, experience comes from practice and is precious. The reason why the CPPCC has flourished lies in the strong leadership of the CPC Central Committee with the Supreme Leader as the core and the scientific guidance of Socialism with Chinese characteristics Thought in the new era of the Supreme Leader. Third, the cause will carry forward the past and have broad prospects. We must firmly support the "two establishments" and resolutely achieve the "two maintenances" to promote the continuous development of the CPPCC cause in the continuous struggle.

  Xu Jianguo, member of Chinese People’s Political Consultative Conference, member of the Standing Committee of Heilongjiang Provincial Party Committee and director of the United Front Work Department, said that the government work report runs through Socialism with Chinese characteristics Thought of the Supreme Leader in the new era and the spirit of the 20th Party Congress, embodies the fundamental requirements of high-quality development, and responds to the common expectations of the people. It is a good report that holds high the banner, is pragmatic and inspiring. In the past year and five years, China’s economic and social development has made remarkable and extremely difficult achievements, which are fundamentally due to the steering of the Supreme Leader General Secretary and the scientific guidance of the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era. We should focus on the primary task of high-quality development, give play to the powerful magic weapon of the United front, make extensive efforts to promote Chinese modernization, support "two establishment" and achieve "two maintenance" with practical actions.

  Han Shengjian, member of Chinese People’s Political Consultative Conference and vice governor of Heilongjiang Province, said that the government work report continued to emphasize "unswervingly expanding opening to the outside world" and supported Heilongjiang to build a new highland open to the north, further demonstrating to the international community China’s confidence and determination in opening to the outside world. In the future, we will continue to work hard from two aspects. On the one hand, we will use greater efforts to attract and utilize foreign capital; On the other hand, we should support China enterprises to go out in a healthy and orderly way, and maintain the tenacity and stability of the global industrial chain and supply chain.

  Zhang Xianyou, member of Chinese People’s Political Consultative Conference and vice chairman of the Heilongjiang Provincial Political Consultative Conference, said that in the past five years, under the strong leadership of the Central Committee of the Communist Party of China with the supreme leader as the core, China has overcome various unfavorable factors and made new achievements in many fields that have attracted worldwide attention. As a member of Chinese People’s Political Consultative Conference, who lives in Heilongjiang Province, we should thoroughly study and implement the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, perform our duties with high standards, make suggestions with high quality, and contribute wisdom and strength to unswervingly promote the practice of Chinese modernization in Longjiang.

  Pang Da, member of Chinese People’s Political Consultative Conference and vice chairman of the Heilongjiang Provincial Political Consultative Conference, said that in the past five years, in the face of extremely complicated and severe development environment, the Central Committee of the Communist Party of China, with the Supreme Leader as the core, United and led the people of all ethnic groups across the country to overcome difficulties, stabilized the economic market and made new achievements in various undertakings. The recommendations of the government work report on this year’s work are focused, especially the measures to support market players, continuously stabilize employment, and ensure and improve people’s livelihood. It is a good report that unites strength and leads development.

  Chi Zijian, member of Chinese People’s Political Consultative Conference and vice chairman of the Heilongjiang Provincial Political Consultative Conference, said: the common feature of the work report of the Chinese People’s Political Consultative Conference Standing Committee and the report on the proposal work is that the style of writing is simple. Over the past five years, Chinese People’s Political Consultative Conference has clearly defined its responsibilities, and promoted its work in an orderly way, keeping a low profile and being pragmatic. In seeking good strategies for the government, we have stood high, conducted in-depth research and made accurate contributions, and achieved hard-won and remarkable results. The construction of scholarly CPPCC is one of the highlights of the 13th Chinese People’s Political Consultative Conference.

  Qian Fuyong, member of Chinese People’s Political Consultative Conference and vice chairman of the Heilongjiang Provincial Political Consultative Conference, said that China has made great efforts in the past five years and in 2022, and achieved "hard-won new achievements". The achievements have benefited from the guidance of the Supreme Leader Socialism with Chinese characteristics Thought in the new era, the strong leadership of the Central Committee of the Communist Party of China and the United struggle of the people of the whole country. In the government work report, the guiding ideology, development expectation and key tasks of this year’s work have fully implemented the spirit of the 20 th National Congress of the Communist Party of China and the deployment of the Central Economic Work Conference, providing guidance for the next step.

  Sun Shen, member of Chinese People’s Political Consultative Conference and chairman of Harbin CPPCC, said that in the past five years, the central government has made high-quality development the primary task of building a socialist modern country in an all-round way, and laid a solid foundation for Chinese modernization with high-quality development. In the past five years, the cause of the CPPCC has achieved new development and created a new situation. We should conscientiously digest and absorb the good experiences and practices accumulated by Chinese People’s Political Consultative Conference, and strive to promote innovation, breakthrough, development and progress in all our work.

  Cao Zhian, member of Chinese People’s Political Consultative Conference and chairman of Harbin Electric Group Co., Ltd., said that he will conscientiously implement the deployment of government work report, implement the main responsibility of enterprise innovation, promote the deep integration of innovation chain, industrial chain, capital chain and talent chain, continuously improve the development vitality and competitiveness of equipment manufacturing industry, lead and promote the high-quality development of equipment manufacturing industry, and earnestly shoulder the historical mission and responsibility of the times to promote China’s transformation from a manufacturing power to a manufacturing power.

  Zhang Li, Fang Chuanlong, Kong Lingquan, Fan Feng, Xiao Xinguang, He Wenhui, Zhang Aman, Wu Ligang, Zhang Yichen, Zhang Hong, Wu Xiaoke, Zhao Kunyu, Joseph Yue, Zhou Chunling, Mingde Wei, Zhang Haihua, Zhang Zhongkai and other 17 members of the National Committee of the Chinese People’s Political Consultative Conference who live in Heilongjiang Province also focused on discussing and speaking on the government work report. Everyone agrees that the summary of the government work report is objective and comprehensive, and the planning work is clear and practical, full of the country’s greatness and the people’s concern, conveying a pragmatic work attitude and innovative and pragmatic work style, which further boosted confidence for CPPCC members to perform their duties.

Original stars profess patriotism, but they have settled abroad, clustered together in Canada and Latvia.

In the past two months, another group of stars have been going abroad one after another, some for the elderly, and some for enjoying life.

I. Zhou Weixing

Zhou Weixing is a famous comedian in southern China. He was once as famous as Qizhi and soldier. Zhou Weixing is 65 years old this year.

After divorcing his first wife, he met a Latvian beauty who was 30 years younger. They got married and gave birth to two mixed-race daughters.

Zhou Weixing’s eldest daughter is married and has children, about the same age as his wife, and Zhou Weixing’s father-in-law is two years younger than him.

Recently, Zhou Weixing flew from China to Latvia with two cats. Later, his daughter will go to school in Latvia, and his wife will live in Latvia with her children.

In other words, the focus of Zhou Weixing’s family is in Latvia, not China. Recently, Zhou Weixing also aired her daily life in Latvia on social platforms and shared what she saw and heard.

However, Zhou Weixing is the vice chairman of Hunan Quyi Association, so it is unlikely that he wants to emigrate. However, it is quite possible to get a green card after retirement and settle abroad with his wife.

Second, Yuan Wah

In May, some netizens met Yuan Wah, a famous Hong Kong martial arts actor, in Vancouver, Canada.

Yuan Wah, 70 years old, climbs the mountain with her little grandson in her arms. She’s over 70 years old, but she’s hale and hearty, and she’s as fast as flying, so netizens didn’t even have time to take a group photo.

Yuan Wah has been married to his wife for many years, and has a son and a daughter. The son has settled in Vancouver, and two children have also been born.

Today, Yuan Wah and his wife spend most of their time in Vancouver to take care of their grandchildren. When they reach retirement age, they will also support their grandchildren.

Third, Michael Miu

Michael Miu, like Yuan Wah, went to Canada for the sake of her children. Michael Miu’s daughter grew up and settled in Canada, and now she is going to enter the Canadian entertainment industry.

Michael Miu is 65 years old, but he still hasn’t given up his career in China. The TV series "Happy Desire" starring him just finished.

But as soon as it was finished, Michael Miu rushed back to Canada, and his boxing coach also shared Michael Miu’s exercise routine.

Michael Miu really answered that sentence: making money at home and spending it abroad. But this is a personal choice, and others can’t control it.

Fourth, Du Lisha

Du Lisha, a famous Hong Kong singer, is known to the mainland audience. She should be the variety show "The Singer" in 2017.

Du Lisha was born in Hong Kong, with mixed blood between China and the Philippines, but now she has immigrated to Canada, and her nationality has changed. Du Lisha is 66 years old and retired in the music world, but in 2022, she also participated in CCTV’s Hundred Flowers Spring Festival Gala.

Now, Du Lisha has settled in Canada with her second foreign husband, and the life is very comfortable.

I have to say, Du Lisha is well maintained, and you can’t see any old age.

V. Sandy Lam

Sandy Lam was born in Hongkong and her ancestral home is Ningbo, Zhejiang, but her nationality has already been changed to Canada.

In 2018, Sandy Lam also released her new album, but she has been in seclusion ever since. According to friends in the circle, Sandy Lam has been studying with her daughter in Britain in recent years.

Sandy Lam’s daughter, born to her ex-husband Jonathan Lee, is 25 years old and looks like a mother.

After her daughter graduated, Sandy Lam moved to Japan for a short stay. It is reported that she has family and real estate in both countries.

Sandy Lam is being invited to the next season of the online biography "The Sound is Endless", and Sandy Lam, who has nothing to do, seems to be interested in attending. Qiu Likuan, the agent, also invited her to give a concert in Macau.

Sandy Lam had been in love with musician Jun Kung for eight years, but they broke up in 2019. At present, Sandy Lam’s emotional situation remains a mystery.

Sixth, Yoyo Mung

Yoyo Mung completely immigrated to Japan last year and set up a real estate company in Japan.

In April this year, her husband Ekin Cheng returned to Macau to hold a concert, and Yoyo Mung appeared, but she used Japanese to communicate all the time. She also gave herself a Japanese name of "YOYO Sang". (YOYO is her English name)

It seems that the couple don’t make much money in Japan, otherwise there is no need for Ekin Cheng to hold a concert in Macau suddenly.

Yoyo Mung’s "pro-Japanese" behavior has actually ruined her goodwill in the audience’s mind, but Ekin Cheng rarely made a statement, and generally "the woman sings with her husband".

If this continues, Ekin Cheng wants to make money in the mainland, but it will become more and more difficult, and the audience will not buy it.

In the past two years, many stars have been sent abroad, some true and some false. For example, Wang Gang emptied his social account in April, and everyone thought that he wanted to emigrate. Later, he explained that he had no energy to manage.

In the "Iron Triangle", Zhang Tie-Lin has already joined British citizenship early, so the public will speculate on Wang Gang.

In fact, if you don’t want to be judged, you can learn from Zhang Guoli, who declared as early as 2019 that "he will never emigrate".

Just as Kenny Ho, a Hong Kong star, was asked why he didn’t emigrate, he replied: If a first-class citizen doesn’t do it, why go abroad to be a second-class or third-class citizen? He will "embrace the motherland and refuse to immigrate".

Everyone’s life choices are different, and it is difficult for some stars who have emigrated to other countries to come back now, such as Mr. and Mrs. Lv Liping.

If you choose, you have to take responsibility for your choice, and don’t regret it.

Editor in charge:

Institution: The strong rise of oil and fat is expected to be mainly driven by the strong logic of palm oil in the medium and long term.

  Today, the domestic oil meal has increased its position in an all-round way. The strength of soybean meal has a certain component of Trump’s coming to power, but the strong rise of oil is expected to be mainly driven by the strong logic of palm oil in the medium and long term, because today it is still led by palm oil. Yesterday afternoon to night, the horse palm disk continued to rise.

  The short-term bullish news mainly includes: Yesterday’s news showed that India’s palm oil imports increased by 59% to 840,000 tons in October, due to the demand of Diwali in India. With the recent spread of soybean and palm oil, the increase of India’s imports in October has weakened the market’s concern about the international palm oil demand in the later period. In addition, an industry conference will be held in Indonesia on November 6-8, and it is expected that there will be many views. In addition, the international price is strong recently, and the market predicts that Indonesia’s palm oil export tax will continue to increase in December, and the export tariff may be raised by two grades. On November 11th (next Monday), MPOB will release the supply and demand data of horse palm in October, and it is estimated that the inventory will decrease slightly from the previous month.

  The actual supply and demand neutrality of international palm oil is slightly tight, and the recent strength is mainly in the long-term logic of trading. That is to say, November-February is the seasonal production reduction season, and the stocking of Ramadan in India will overlap with the end of the production reduction season in February-March, 2005. B40 in Indonesia will be implemented in January, 2005, and LEVY in Indonesia’s exports may need to be raised in the first and second quarters of 2005. Before the medium and long-term logic has not changed, there is no reason for palm oil to call back. In November, the logic of origin gradually entered the redemption period. In the short term, we should pay attention to the expected changes of horse brown inventory in November.

Excerpts from the theoretical symposium on "promoting high-quality development on a new journey"

  General Secretary of the Supreme Leader pointed out in the Party’s Report to the 20th CPC National Congress: "High-quality development is the primary task of building a socialist modern country in an all-round way." The Central Economic Work Conference held a few days ago put forward: "We must adhere to high-quality development as the last word in the new era." At the theoretical symposium on "Promoting High-quality Development on a New Journey" sponsored by People’s Daily and jiangsu provincial party committee of the Communist Party of China, and hosted by Jiangsu Supreme Leader Socialism with Chinese characteristics Thought Research Center for a New Era and the Propaganda Department of jiangsu provincial party committee of the Communist Party of China, participants thoroughly studied and implemented Socialism with Chinese characteristics Thought of the Supreme Leader in a New Era, and conducted in-depth discussions on the theme of promoting high-quality development on a new journey. Today, a summary of some participants’ speeches is published.

  — — Editor

  Promote the high-quality development of the population

  Ma Jiantang, member of the Standing Committee of Chinese People’s Political Consultative Conference and deputy director of the Economic Committee.

  China has a population of more than 1.4 billion, and the population problem has always been an overall, long-term and strategic problem facing China. General Secretary of the Supreme Leader pointed out: "Population development is a major event related to the great rejuvenation of the Chinese nation. We must focus on improving the overall quality of the population and support Chinese modernization with high-quality population development." After the founding of New China, China conducted seven population censuses and obtained a large number of detailed demographic data, which played an important role in formulating economic and social development policies and population policies for the party and the state.

  In recent years, there have been some remarkable changes in China’s population development, not only facing the pressure of large population, but also showing the trend characteristics of declining birthrate, aging and regional population growth and differentiation. Therefore, it is necessary to fully understand and correctly treat the new situation of China’s population development. We should focus on the strategic arrangement of building a strong country and national rejuvenation, improve the population development strategy in the new era, understand, adapt and lead the new normal of population development, focus on improving the overall quality of the population, strive to maintain a moderate fertility level and population size, accelerate the shaping of modern human resources with excellent quality, abundant total quantity, optimized structure and reasonable distribution, and support Chinese modernization with high-quality population development.

  Optimize the birth policy. Optimizing the birth policy and promoting the long-term balanced development of the population are conducive to improving the population structure, maintaining the endowment advantage of human resources and providing strong support for high-quality development. The Decision of the Central Committee of the Communist Party of China and the State Council on Optimizing the Birth Policy to Promote the Long-term Balanced Development of the Population proposes to build a human assisted reproductive technology service system with balanced supply and demand and reasonable layout; Strengthen the supervision of human assisted reproductive technology services and strictly regulate the application of related technologies. It is necessary to continue to strengthen the protection of maternity insurance for maternity medical expenses and maternity allowances for insured female workers, do a good job in ensuring maternity medical expenses for urban and rural residents insured by medical insurance, and reduce the burden of maternity medical expenses. Strictly implement maternity leave, breastfeeding leave and other systems. Promote the governance of supporting kindergartens in urban communities, continuously improve the coverage rate of inclusive kindergartens, appropriately extend the length of stay in the park or provide custody services, and encourage and support qualified kindergartens to recruit children aged 2 to 3.

  Expand the population quality dividend. For a long time to come, the basic national conditions of our country with a large population will not be fundamentally changed, and the rich human resources remain our country’s outstanding advantages. At the same time, improving the overall quality of the population and expanding the population quality dividend are important contents to promote the high-quality development of the population. It is necessary to increase the investment in human capital, and strengthen on-the-job training by improving the lifelong vocational skills training system, enhancing the supply capacity of vocational skills training, improving the quality of vocational skills training, and strengthening the standardization of vocational skills training. According to the principles of small-step adjustment, flexible implementation, classified promotion and overall consideration, the legal retirement age will be gradually delayed. Support the re-employment of "silver-haired people", combine a sense of worthiness with a sense of security for the elderly, and explore a flexible employment model suitable for the elderly in schools, hospitals and other units, community domestic service, public place service management and other industries; Encourage all localities to establish an information base for elderly talents, and provide employment introduction, vocational skills training and innovation and entrepreneurship guidance services for the elderly who are willing to work.

  Develop the cause and industry of providing for the aged. This is conducive to meeting the growing multi-level, high-quality and healthy needs of the elderly. Accelerate the development of a multi-level and multi-pillar old-age insurance system, continuously expand the coverage of basic old-age insurance, realize the national overall planning of basic old-age insurance for enterprise employees as soon as possible, promote and standardize the development of the third pillar old-age insurance, and support commercial insurance institutions to develop commercial old-age insurance and health insurance suitable for the elderly. Consolidate the basic position of family pension, actively develop services such as community pension close to demand, and standardize the development of pension in middle and high-end institutions. Support qualified places to carry out home aging transformation for the families of the elderly, disabled and disabled people who are scattered to support the poor, and equip them with facilities and equipment such as assistive devices and anti-loss devices. Support the research and development and production of old-age equipment and furniture.

  Promote common prosperity of economy and culture

  Hong Yinxing, former Party Secretary of Nanjing University.

  General Secretary of the Supreme Leader pointed out: "Where the culture is developed, the economy is still ahead." Culture and economy blend, promote and complement each other. The regional economy represented by Suzhou and Hangzhou is developed and the culture is prosperous. It is of great significance for us to study the humanistic economics contained in it for promoting the common prosperity of economy and culture and promoting the coordination between material civilization and spiritual civilization in the process of Chinese modernization.

  Chinese modernization is a modernization in which material civilization and spiritual civilization are in harmony. Material poverty is not socialism, nor is spiritual poverty socialism. Material wealth and spiritual wealth are the fundamental requirements of socialist modernization. Chinese modernization should be rich in material wealth, spiritual wealth and self-confidence in ideology and culture. Chinese civilization has a long history, and the long history of more than 5,000 years has formed a profound cultural heritage and historical accumulation. We are fully qualified to promote high-quality economic development, give full play to the advantages of Chinese excellent traditional culture, promote the creative transformation and innovative development of Chinese excellent traditional culture, develop a national, scientific and popular socialist culture facing modernization, the world and the future, and promote common economic and cultural prosperity.

  To promote the common prosperity of economy and culture, we should give full play to the supporting role of culture in economic development. The first is to carry forward the entrepreneurial culture that dares to take social responsibility. Entrepreneur culture includes not only innovation culture, but also social responsibility culture. For example, while setting up industry, Zhang Jian actively set up education and social welfare undertakings, benefiting the countryside and helping the masses, which has far-reaching influence and is a model of national entrepreneurs and patriotic entrepreneurs in China. In the process of Chinese-style modernization, it is necessary to carry forward this entrepreneurial culture that dares to assume social responsibilities and cultivate entrepreneurs with feelings of home and country. The second is to carry forward the traditional Chinese virtues. Chinese traditional virtue is the essence of Chinese culture and contains rich ideological and moral resources. It is necessary to strengthen the construction of family education style, promote moral integrity, observe public morality and be strict with private morality, and improve people’s moral standards and civilized quality. The third is to build a business environment of mutual trust. The socialist market economy is a credit economy, and mutual trust is a rare social capital. Carrying forward the culture of honesty and creating a business environment of mutual trust is conducive to improving the efficiency of implementing contract norms, maintaining market order, and thus reducing transaction costs. We should carry forward the culture of honesty and improve the long-term mechanism of honesty and credit construction. The fourth is to promote the modernization of people’s ideas. An important reason why the Chinese nation can stand in the world as the most prosperous and powerful civilization in a long historical period is that Chinese civilization has outstanding innovation. To promote Chinese-style modernization, we need to be brave in innovation on the basis of integrity, break through the obstacles and constraints of traditional ideas, boldly explore in practice, and promote the development of our cause through reform and innovation.

  To promote the common prosperity of economy and culture, we should increase the supply of culture while promoting economic development, adopt effective economic methods to support cultural prosperity, improve the modern public cultural service system, and launch more excellent works to enhance people’s spiritual strength. We should make full use of modern technological means to show the world a true, three-dimensional and comprehensive China through various cultural carriers such as film and television works, sports brands, books and periodicals, and enhance the spread and influence of Chinese culture. It is necessary to conform to the new round of scientific and technological revolution and the trend of industrial transformation, improve the education system that serves lifelong learning for the whole people, encourage and guide workers to develop a lifelong learning lifestyle, strengthen the endogenous motivation of lifelong learning, strive to bridge the "digital divide", constantly update their knowledge structure, become all-round people, and improve their employability under modern conditions.

  Strengthening regional coordination to support high-quality development

  Fan Hengshan, former deputy secretary general of the National Development and Reform Commission.

  High-quality development is the primary task of building a socialist modern country in an all-round way and the development that embodies the new development concept. Promoting high-quality development is an inevitable requirement to adapt to the changes of major social contradictions in China and solve the problem of insufficient development imbalance. It is necessary to narrow the gap between urban and rural development and form a new type of relationship between workers and peasants, which is mutually reinforcing, complementary, coordinated and prosperous. It is necessary to ensure people’s equal participation and equal development rights and promote the equalization of basic public services.

  Promoting regional coordinated development is an important part of promoting high-quality development. Promoting regional coordinated development is conducive to gathering and integrating superior resource elements to the maximum extent, realizing collaborative innovation, improving the ability to attack key core technologies, and promoting the upgrading of industrial base and the modernization of industrial chain with powerful scientific and technological innovation; It is conducive to orderly development based on the carrying capacity of resources and environment, promoting coordinated development, integrated protection and linkage management of production and life ecology, optimizing regional economic layout and land space development and protection pattern, and realizing harmonious coexistence between man and nature; It is conducive to unblocking the path of regional cooperation, optimizing the layout of regional opening, giving play to regional comparative advantages, improving the business environment, and making more effective use of domestic and international markets and resources; It is conducive to promoting the complementarity of resource elements between regions, the docking of institutional mechanisms, improving the overall development level of the region, and promoting the full coverage of basic public services across regions and the sharing of development results by the whole people.

  On the new journey, to promote regional coordinated development, we should thoroughly implement the spirit of the 20th Party Congress, the strategy of regional coordinated development, major regional strategies, the strategy of main functional areas, and the strategy of new urbanization, so as to push regional coordinated development to a new level and present a new atmosphere. The first is to promote special types of areas to overcome difficulties and revitalize development. Pay close attention to some poverty-stricken areas, old revolutionary base areas, border areas, ecologically degraded areas, resource-based areas, old industrial cities, etc., proceed from the reality of these areas, develop characteristic industries according to local conditions, accelerate the construction of a modern industrial system, and at the same time support and guide their services and integrate them into major national strategies to enhance their sustainable development capabilities. The second is to promote the coordinated development of cooperation in administrative border areas. By strengthening the cooperation and linkage between these areas, such as jointly establishing economic zones, promoting the integrated development of important fields, and cooperating in the construction of major projects, we can promote the rational division of labor and complement each other’s advantages. The third is to strengthen the radiation-driven function of urban agglomerations and metropolitan areas to surrounding areas. According to the development level and comparative advantage of each city, further clarify the functional orientation and establish the development focus; Promote the integrated development and coordinated linkage between central cities and surrounding cities, eliminate market barriers and optimize regional division of labor; Carry out unified urban and rural planning and construction to achieve coordinated development of the whole region. The fourth is to improve the institutional arrangements for promoting common prosperity. We will build basic institutional arrangements for the coordination of primary distribution, redistribution and tertiary distribution, increase the proportion of labor remuneration in primary distribution, break the dual structure of urban and rural areas, and improve the system and mechanism of urban-rural integration development.The fifth is to promote the coordinated development of major national regional strategies. Encourage all localities to take the initiative to serve major national strategies, and promote different regions to replicate and apply good institutional measures such as rules, regulations, management and standards through co-construction of characteristic platforms. Sixth, focus on building a more effective new mechanism for regional coordinated development. Further improve the regional planning implementation mechanism and inter-regional interest compensation mechanism, establish and improve the laws and regulations system for regional coordinated development, promote the balance and coordination of interests among regions, and promote the deepening of cooperation and linkage among regions based on complementary advantages and sustainable development.

  Enlarging beneficial investment and improving total factor productivity

  Huang Hanquan, Dean of China Macroeconomic Research Institute.

  To promote China’s economy to achieve effective improvement in quality and reasonable growth in quantity, it is necessary to continuously improve the total factor productivity. The improvement of total factor productivity mainly comes from scientific and technological innovation and efficiency improvement, which needs to rely on investment.

  China is still in the primary stage of socialism, and it is the largest developing country in the world, and there is much room for investment growth. For example, to seize the opportunity of a new round of scientific and technological revolution and industrial transformation, accelerate the implementation of innovation-driven development strategy, and realize high-level scientific and technological self-reliance, it is necessary to increase investment in scientific and technological innovation; Actively responding to the reconstruction of global industrial chain and building a modern industrial system requires increasing investment in industrial transformation and upgrading; To solve the problem of insufficient development imbalance and improve people’s quality of life, it is necessary to expand investment in social and livelihood areas and strive to improve the level of people’s livelihood services such as education and culture, medical and health care, and care for the elderly; To build a new development pattern, cultivate a complete domestic demand system and form a virtuous circle of mutual promotion between consumption and investment, it is necessary to carry out investment activities around promoting consumption and smooth circulation; Optimizing the layout, structure, function and development mode of infrastructure and building a modern infrastructure system can expand the investment space for high-quality development of infrastructure. To sum up, to achieve high-quality development, it is necessary to give full play to the key role of investment in optimizing the supply structure.

  At present and in the future, we can focus on the following aspects to find the right investment focus and expand effective investment. The first is to increase innovation-driven investment. Increase investment in disruptive technologies, cutting-edge technologies and key core technologies, expand investment in basic capabilities, promote investment in the construction of major scientific and technological innovation platforms, support investment in strategic emerging industries and future industries, develop new quality productivity, and cultivate new kinetic energy for high-quality development. The second is to increase industrial upgrading investment. Focusing on vigorously promoting new industrialization, grasping the general trend of the development of digital economy and artificial intelligence, and combining the high-end, intelligent and green transformation of traditional industries, we will increase investment in the fields of digital economy, artificial intelligence, green and low carbon, industrial safety, and enhance the resilience, competitiveness and safety level of the industrial chain supply chain. The third is to increase investment in improving people’s livelihood. Adapt to the changes of major social contradictions in China, increase investment in education, culture, health care, care and old-age care, steadily promote the transformation of urban villages in megacities, increase investment in affordable housing, and enhance people’s sense of acquisition, happiness and security. The fourth is to increase consumption-promoting investment, identify the combination point of investment and consumption, increase investment in consumer infrastructure to supplement short-board investment, expand investment in improving consumer service functions, and increase investment in innovative consumption scenarios to achieve positive interaction between investment and consumption. Fifth, increase investment in infrastructure upgrading, adapt to the requirements of China’s socialist modernization, make overall plans to promote the upgrading and upgrading of traditional infrastructure and the construction of new infrastructure, and expand investment in major projects in the fields of transportation, energy and water conservancy.Expand investment in clean energy infrastructure, expand investment in new infrastructure construction, and build a modern infrastructure system.

  Leading the construction of modern industrial system with scientific and technological innovation

  Zhao Changwen, Dean of National Development Research Institute of Sun Yat-sen University.

  Modern industrial system is the material and technical foundation of modern countries. Accelerating the construction of a modern industrial system supported by the real economy is related to whether China can win the strategic initiative in future development and international competition.

  Building a modern industrial system should be supported by the real economy. Chinese-style modernization can’t be divorced from reality, so we must speed up the construction of a modern industrial system supported by the real economy and provide strong material support for realizing the goal of the second century. It is necessary to promote the transformation and upgrading of traditional industries, continuously enhance their competitiveness, accelerate the development of strategic emerging industries and future industries, foster new development momentum and enhance new competitive advantages. To build a modern industrial system, we need to grasp the wave of new scientific and technological revolutions such as artificial intelligence. Artificial intelligence is an important driving force for the new round of scientific and technological revolution and industrial transformation. It is necessary to seize the opportunity of a new round of scientific and technological revolution and industrial transformation such as artificial intelligence, maintain and enhance the advantages of complete industrial system and strong supporting ability, efficiently gather global innovation elements, promote industrial intelligence, greening and integration, and build a modern industrial system with integrity, advancement and safety. To build a modern industrial system, it is necessary to adapt to the requirements of harmonious coexistence between man and nature. Chinese modernization is the modernization of harmonious coexistence between man and nature, and green is the background of high-quality development. Promoting the overall green and low-carbon economic and social transformation will force green technology progress and industrial upgrading, provide new opportunities for China to cultivate industrial competitive advantages and provide new impetus for China to build a modern industrial system.

  Science and technology are the primary productive forces, and innovation is the primary driving force. In the fierce international competition, we have to open up new fields and new tracks, shape new development momentum and new advantages, and fundamentally rely on scientific and technological innovation. Building a modern industrial system must be guided by scientific and technological innovation. We must lay a solid foundation for development. Give full play to the advantages of China’s ultra-large-scale market, dilute the cost of scientific and technological innovation, and promote the commercialization and market-oriented application of innovation results faster; Strengthen the construction of new infrastructure to provide solid support for the transformation and application of innovation achievements. We should improve the institutional environment conducive to scientific and technological innovation. Improve the incentive policy for the transformation of achievements, so that scientific and technological personnel can get reasonable returns in innovation activities, reflect the innovation value through the application of achievements, and create wealth through the transformation of achievements; Strengthen financial support for scientific and technological innovation, deepen the structural reform of financial supply side, and promote the improvement of technology and finance’s all-round and multi-level service system including credit, bonds, stocks, insurance, venture capital and financing guarantee. We should actively promote industrial policy innovation. Keep pace with the times, improve industrial policies in the new development stage, strengthen the top-level design of strategic areas, enhance the synergy of industrial policies, and build a long-term mechanism conducive to scientific and technological innovation and modern industrial system construction.

  Accelerate the realization of high-level science and technology self-reliance and self-improvement

  Liu Dongmei, Party Secretary of China Academy of Science and Technology Development Strategy

  Accelerating the realization of high-level scientific and technological self-reliance is the only way to promote high-quality development. Without a solid material and technological foundation, it is impossible to build a socialist modernization power in an all-round way. Judging from the modernization process of major developed countries in the world, innovation has always been an inexhaustible motive force for the development of a country and a nation, and it is the key to improving productivity. Today, the world is experiencing a great change that has never happened in a century. The international system and international order are deeply adjusted, and a new round of scientific and technological revolution and industrial transformation are developing in depth. Strengthening scientific and technological innovation and accelerating the realization of high-level scientific and technological self-reliance can provide new growth space and important support for building a new development pattern and promoting high-quality development.

  Since the 18th National Congress of the Communist Party of China, under the strong leadership of the CPC Central Committee with the Supreme Leader as the core, China has thoroughly implemented the strategy of innovation-driven development and given full play to the driving role of scientific and technological innovation in economic and social development. Scientific and technological innovation has made historic achievements and entered the ranks of innovative countries. The R&D expenditure intensity of the whole society increased from 1.91% in 2012 to 2.44% in 2021, and the R&D expenditure of the whole society increased from 1.03 trillion yuan to 2.79 trillion yuan. In 2022, the R&D expenditure of the whole society in China exceeded 3 trillion yuan for the first time, and the R&D expenditure intensity reached 2.54%. The total number of R&D personnel has ranked first in the world for many years. In the ranking of global innovation index released by the World Intellectual Property Organization, China rose from 34th to 12th.

  Taking scientific and technological innovation as the leading factor, accelerating the formation of new quality productive forces and leading the transformation of new technologies into new industries are the practical needs for China to achieve high-quality development. This requires us to actively adapt to the development trend of digital economy, promote comprehensive innovation with scientific and technological innovation as the core, realize high-quality talents, multi-dimensional innovation and strategic emerging industries, and support and lead high-quality development. It is necessary to strengthen the overall development of education, science and technology and talents. Deepen the reform of the education system, promote the close connection between the education system and the demand for scientific and technological talents, and establish a long-term mechanism for high-level research universities, national scientific research institutions and high-level innovative talents to undertake major national scientific and technological tasks. Promote the original innovation, integrated innovation, open innovation, integrated design and effective integration. Guided by the national strategic needs, we will build a synergy mechanism for national strategic scientific and technological forces, actively integrate into the global innovation network, and carry out multi-level and wide-ranging scientific and technological exchanges and cooperation with major innovative countries in the world. Vigorously develop strategic emerging industries and future industries. In the frontier scientific and technological fields such as brain-like intelligence, quantum information, genetic technology and future network, we will organize and implement the future industry incubation and acceleration plan, and plan and lay out a number of future industries.

  Promote the coordinated transformation of digital and green industries.

  Wang Shouyang, Director of Prediction Science Research Center of China Academy of Sciences.

  Promoting the coordinated transformation of digital and green industries is an important trend in the evolution of global industrial structure and an inherent requirement for achieving high-quality development. The first meeting of the 20th Central Financial and Economic Committee emphasized "promoting industrial intelligence, greening and integration, and building a modern industrial system with integrity, advancement and safety", which pointed out the direction for the construction of China’s modern industrial system.

  To promote the coordinated transformation of industry digitalization and greening, we need to deeply understand the relationship between digitalization and greening. Green development of digital empowerment industry. The wide application of digital technologies such as big data and artificial intelligence can provide strong support for the intelligent and green transformation and upgrading of traditional industries, and improve the efficiency of resource allocation with the flow of data and knowledge; It can promote the innovation of new energy and green technology and help the low-carbon transformation of energy structure. Greening leads the direction of digital development. By using green advanced technology, the infrastructure such as digital sensing facilities, network base station facilities and big data center can be upgraded in a green way, which can realize the optimal utilization of resources and green smart production, and effectively improve the green development level of the industrial system. Promoting the integration of digital technology and green technology, giving full play to the amplification, superposition and multiplication of digital transformation on green development, and promoting the two-way integration of digital technology and green technology with scene application can give birth to new industries, new formats and new models, and promote the organic unity of economic benefits and ecological benefits.

  To promote the construction of modern industrial system with the integration of digitalization and greening, it is necessary to strengthen the scientific and technological innovation of digitalization and greening, strengthen the basic research of digital technology and green technology, and accelerate the research and development of new technologies with the characteristics of digitalization and greening integration. It is necessary to aim at key areas to promote the integration and development of digital greening, focus on building advanced digital greening industrial clusters, adhere to the digital economy as a key increment of green and low-carbon transformation and development, and incorporate peak carbon dioxide emissions’s carbon neutrality into the overall layout of economic and social development. It is necessary to actively participate in the formulation of digital green international rules, make efforts to promote institutional openness, actively dock high-standard economic and trade rules such as the Digital Economy Partnership Agreement, and strengthen institutional innovation in digital trade, data management, carbon emission data collection, and low-carbon evaluation system. It is necessary to continuously optimize the business environment conducive to the integration and development of digital greening, strengthen the policy guidance for the digital greening transformation of modern agriculture, advanced manufacturing and modern service industries, cultivate a standardized data trading platform, and deepen the "streamline administration, delegate power, strengthen regulation and improve services" reform. It is necessary to build a high-level and multi-level talent training system, formulate a multi-level talent training plan in combination with the demand structure of modern industrial development, deepen the integration of production and education, and build a training system for senior technical talents and outstanding engineers that is compatible with the modern industrial system.