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Promote the Integration of Industry

The time coordinate refers to the “right time” to meet the consumer demand according to the portrait and contact of the offline C client. Demand coordinates refer to the right things at the right time, cater to the C-end demand, click here provide the same demand for the homogenized people, and provide the public explosives according to the herd mentality of the offline C-end consumer groups. Psychological coordinates refer to the provision of corresponding price anchoring products while providing different grades of goods, accompanied by an interactive marketing approach with hunger marketing and gaming experience, enhanced C-side with high-frequency interaction and close emotional connections.

China Economic Times: What do you think are the core competencies for differentiated markets?

Miao Wang: At present, Zhongyu Industry Alliance has five major subversions, namely, information oligarchy, elimination of creation, homology of supply and demand, store and warehouse, and offline marking.click here

At the same time, there are three major characteristics: the combination of industry and finance, if we let the financial return to the essence, financial is not a profit model but a commercial tool. The intra-trade cycle solves the problem of the use of idle funds in the alliance. Through the benign commercial trade operation, the cash flow is fully circulated with the goods flow, and the industrial security funds are added value. The other is the concentricity of the C-end business.

China Economic Times: What is the future goal of the Zhongyu Industry Alliance?

Miao Wang: Finance is the “heart” of the economy and provides “blood” for industrial development. The real economy is the foundation of the country and focuses on revitalizing the real economy. However, no matter how complicated and serious the international and domestic situation is, click here it is necessary to solve this fundamental problem in order to improve the economic development. Zhongyu Industry Alliance will be based on the real economy and use financial capital as the engine. Committed to be the leader in the integration of industry and finance. Through two major sectors – the financial sector and the industrial sector, with a professional investment management team and a project operation team, combined with a rich physical project format, through rigorous development process, perfect project management and strong resource integration, and strive to become a multi-service integration Multi-functional super-large industry alliance with mutual benefit and mutual benefit.

China Economic Times: What are your policy recommendations for industrial integration development?

Miao Wang: I believe that the cost reduction reform needs to continue, electric scooter for Adult in other word, it needs to have a further developed. In addition to the impact of continuous increase in corporate costs such as labor costs and environmental costs, and the difficulty of improving the ability of enterprises to innovate in the short term, the cost reduction is also facing new challenges. At the same time, there is still much room for improvement in the business environment, and the sense of corporate satisfaction still needs to be improved.

Indian Consumption And Local Chain(II)

The company seems to have cracked sales to the new Indian middle class, who are very price-conscious, not just to the rich in big cities. Its stores are mostly located in fast-growing “second-tier” cities and suburbs.Click Here For More.

Other Supermarket Chain

No other chains can enjoy such success. Across the street from DMart Tana is Star Bazaar’s new branch, a brand run by Tesco, a large British retail group, in partnership with Tata, a large Indian company.

Star Bazaar’s stores do not mess up bags of grain, Click Here For More. but keep fresh fruits and vegetables in order. On the Dmart side, however, children played in the hall, while Star Bazaar was silent in the doorway.

In addition, Star Bazaar had to shut down 20 small stores in major malls in April because of high rents. By contrast, Dmart owns most of its stores.

Other giants have also retreated. In 2014, Carrefour, the world’s second-largest retailer, stopped operating in India after four years. Walmart continues to run several wholesale stores, but since the acquisition of Flipkart, similar to Amazon’s style, in August, its focus has shifted from running supermarkets to delivering higher-priced goods to relatively wealthy consumers.

We can Meet the Financial Regulation Only When the Main Part of Consumer Finance is the Young People (I)

Should young people spend the money of the future? There are many opponents and supporters. Do young people dare to borrow money to drive economic growth or bring financial risks? In contrast to the United States, where consumer finance is super-developed, how should the balance between financial innovation and risk regulation be handled? Finance and market economy are the only way for individuals to achieve freedom and liberation. Guiding young people to properly consume and moderately use financial products not only promotes personal value growth, but also promotes social prosperity and national economic growth.

The meaning of finance is not only to help Wall Street make money, but more importantly is that it can free more poor and young people. Life and death are the problems that human beings have faced since ancient times. The solution of the ancients was to use more children as tools for intertemporal investment. The next story is about usury. When you hear the word “usury”, you must feel very negative right away, but the results of a professor at the University of Chicago have shown that community crime rates that allow usury to exist are lower. The reason is that allow usury to exist can provide financial tools such as intertemporal loans to help people weather the storm when people are in crisis or difficulty. Although the cost is high, it means the interest is high, it can help you through the difficulties, so that you do not go to the law, there is no need to rely on robbery or theft to get life-saving money, which will of course reduce the crime rate. The concept is that the so-called financial markets and financial products are to help you reconcile the contradiction between “now demand” and “future money.”Click Here For More.

People have a negative view on consumer finance, or because financial education in China’s education system is far from enough, which leads many people to be afraid of hearing consumer finance and borrowing money, because it seems that borrowing money is bad. It is not enough to spend the money in today’s hands, but also to borrow the money of the future, in violation of the financial principles we have been familiar with. However, with the financial market, as long as a person borrows money and does not exceed the income expectation of a lifetime, then there is no violation of the principle of “paying for the income”, but only through the help of financial instruments, turning part of their future income into the money you can spend today. In other words, as long as the money borrowed by young people does not exceed the discounted value of future income, it is still in line with the principle of “paying for income”, but it is an extension of this “income”, not only the past income and today’s income, it also includes future income expectations. This is a basic common sense in the financial field.

How to Promote the Cooperation of Culture Industry and Financial (III)

An Qingsong believes that to promote cooperation between cultural industries and finance, it is necessary to strengthen the capacity building of investment banks, provide comprehensive financial services for the cultural industry, vigorously develop multi-level capital markets, smooth the direct financing channels and the exit mechanism of Wenchuang Investment, and promote the improvement of culture. The credit rating system of enterprises promotes the improvement of the investment and financing environment of cultural enterprises. Zhang Jianhua said that it is necessary to further improve the cultural industry financing guarantee system and give play to the synergy effect of fiscal policy and financial policy. The government departments select cultural enterprises with growth potential and controllable risks, and give financial institutions support for cultural industries by giving financial subsidies and other policy support strength. At the same time, accelerate the construction of the cultural industry credit system, provide necessary support for financial institutions to serve cultural enterprises, and have more support for innovation at the regulatory level.

United States

Click Here For More. The value added of the cultural industry in the United States accounts for about 20% of GDP, and it is the most developed country in the global cultural industry. The United States has a sound capital market and has formed a market-oriented financial support model, which facilitates the financing of cultural industry equity and bonds. In addition, mature venture capital and venture capital systems also meet the financing needs of start-up cultural enterprises, while the US fiscal policy also provides extensive support to the cultural industry, such as providing a certain percentage of resource support and tax reduction measures in the fiscal year budget. The federal government supports the development of cultural enterprises by setting up the government’s National Art Development Fund.

United Kingdom

The data shows that the annual production capacity of the British cultural industry is about 60 billion US dollars, accounting for 11% of GDP, and the average annual growth rate is twice the economic growth rate, which belongs to the core pillar industry. At present, the UK has formed a sound policy orientation to support cultural industries. In the initial financing of cultural enterprises, the government gave 1:1 financial support and refinanced to provide 1:2 funds. The British government also raises funds for the cultural industry by issuing lottery tickets, implementing differentiated tax rates, and providing tax incentives for different cultural enterprises.

Japan

The Japanese government adopts a model of government-led and private capital participation in supporting the cultural industry. The main manifestations are as follows: Firstly, the Japanese government has established cultural and artistic capital funds to provide financial support for the development of the cultural industry. The funds come from government financial and social capital investment. Secondly, the Japanese government has built a financing guarantee system to facilitate the financing of cultural industries. Thirdly, the Japanese government actively supports the financing of intellectual property securities financing. Animation and film are often financed by copyright. Fourthly, the Japanese government’s investment guarantee that cultural industry financing has increased year by year. Fifthly, support policy financial institutions to provide indirect financing services for related enterprises, and provide direct financing services for small and medium-sized cultural enterprises by setting up the Emerging Markets section of the Tokyo Stock Exchange.

What is the Brexit Agreement Including?

European leaders signed a British Brexit agreement on Sunday, which set out the conditions for the UK to leave the EU and tried to outline the future relationship between the two sides. The agreement is divided into two parts: a 585-page exit agreement, which is legally binding on both parties; and a 36-page non-binding principle statement that sets out the framework for future trade, economic and security relations. Both of these must be approved by the European and British Parliaments.

The legally binding document reads:

The UK will pay about $50 billion to fulfill its commitment to the EU budget. The UK will guarantee that approximately 3 million EU citizens living in the UK have broad legal rights and the EU will guarantee reciprocal rights to approximately 1.3 million British citizens residing in EU member states.

The agreement stipulates that the UK will have a 21-month transition period after leaving the European Union in March next year. The UK and the EU hope to negotiate future trade and security agreements during this period. From 2021, the UK will no longer be bound by the EU’s free-flowing rules, and EU citizens will not be able to work in the UK as they have in the past.

Irish border issue:

The core of the agreement is to find a workaround to avoid a re-emergence of hard borders between British territory Northern Ireland and the European Union member states of Ireland. If the UK and the EU cannot finalize the trade agreement by December 2020, the parties can extend the transition period to December 2022.

Another option is that the United Kingdom and the European Union will establish a joint customs area so that there is no need for border inspection between Northern Ireland and the Republic of Ireland. This arrangement actually avoids the UK’s trade agreements with non-EU economies such as the US or China. The UK also needs to comply with a number of EU national aid, environmental, labor and social standards.

Only if the EU determines that the UK’s withdrawal from this tariff arrangement will not lead to the re-emergence between Northern Ireland and the Republic of Ireland, the UK can withdraw from this tariff arrangement, which may require a new trade agreement between the two parties, or through technological innovation to achieve no border inspection.

Non-legally binding framework statement:

The two sides also reached an agreement on a 36-page future relationship framework statement that clarifies certain matters. The document calls for the establishment of broad economic ties between the two parties, but excludes the possibility that British manufacturing companies can enter the EU’s single market with zero barriers. The document also calls for the establishment of close and security partnerships between the two parties. However, from the establishment of a flexible economic and trade relationship that allows British companies to successfully sell products in the EU market, to sign a much looser FTA with limited tariff rates but limited market access, a series of possibilities that exist in the future trade relations between the two sides, this document is not clearly stated.

Whether these possibilities can be implemented will depend on whether the UK is willing to continue to comply with EU regulations and guidelines, which is strongly opposed by many Brexit supporters.

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The Guests of Honor that Attend the First CIIE(IV)

Vietnam – Promoting a more optimized bilateral trade structure

At present, the trade and investment momentum between China and Vietnam is improving, the trade imbalance is gradually improving, and the trade structure is more optimized. Vietnam is expected to take advantage of the first China International Import Expo to increase exports of its superior products to China. According to the Economic and Commercial Office of the Chinese Embassy in Vietnam, during the Expo, Vietnam set up a 256-square-meter national exhibition booth, a 209-square-meter agricultural area and a 36-square-meter service trade area. As the host country, Vietnam will fully demonstrate its economic and social development achievements at this Expo.

In recent years, thanks to the joint efforts of high-level and relevant departments of China and Vietnam, specialty products such as coffee, dragon fruit and rambutan originating in Vietnam have appeared more and more in the Chinese market. Vietnam has also brought a number of advantageous products to participate in the promotion, and more Vietnamese products are expected to appear in the list of Chinese consumers in the future. The 22 Vietnamese companies that participated in the exhibition include the leading enterprises in Vietnam such as Zhongyuan Group and Vietnam Dairy Co., Ltd., and their products such as G7 coffee and various dairy products have already been very popular in China.

During the Expo, Vietnam plans to jointly organize the ”China-Vietnam Economic and Trade Matchmaking Meeting” with the Chinese side, and invites 25 Vietnamese entrepreneurs to work with Chinese companies to promote cooperation in agricultural products, aquatic products and consumer goods. Wu Bofu, director of the Vietnam Trade Promotion Bureau, believes that the company will encourage Vietnamese companies to actively expand the Chinese and international markets to further promote the stable development of Vietnam-China trade. Vietnamese exhibitors have said that they will make full use of the opportunities of the Expo to enter the Chinese market and look forward to seeing more of their own products in the Chinese market.

The exhibits in Vietnam are still mainly agricultural products and processed foods. In recent years, with the continuous deepening of China-Vietnam economic and trade as well as Vietnam’s own economic development, Sino-Vietnamese trade has become more balanced, and Vietnam’s trade structure with China is also changing. At present, Vietnam’s exports to China are gradually shifting from low value-added products such as traditional agricultural and sideline products, primary manufactured products and mineral resources to high value-added products such as electronic products and various spare parts.

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Financial System(II)

Basic Function

Financing function

The financial function of the financial system has two meanings – mobilize savings and provide liquidity. Financial markets and banking intermediaries can effectively mobilize the savings resources of the whole society or improve the allocation of financial resources. This allows the effective technology of initial investment to be quickly transformed into productivity. While promoting more efficient use of investment opportunities, financial intermediaries can also provide relatively high returns to social savers. The main advantage of financial intermediation mobilization savings is that it can diversify the risk of individual investment projects; secondly, it can provide investors with relatively high returns (relative to physical assets such as durable consumer goods). The mobilization of savings in the financial system can provide a function of aggregation for decentralized social resources, thereby exerting the scale effect of resources.

Stock elaboration function

Divide large-scale investment projects that cannot be divided so that small and medium investors can participate in the investment of these large projects. Through the stock elaboration function, the financial system realizes the monitoring of the manager and the control of the company. In the modern market economy, the company organization has undergone profound changes, that is the high degree of equity decentralization and the professionalization of the company’s operations. The biggest difficulty in such organizational arrangements is the existence of asymmetric information, making it difficult for investors to effectively monitor capital use. The function of the financial system is to provide a new mechanism for the strict supervision of the company, so that the interests of internal investors can be protected.

Resource configuration function

Raising sufficient resources for investment is a necessary condition for economic surging. But investment efficiency, the allocation efficiency of resources is equally important for growth. The allocation of investment has its own difficulties, namely, the productivity risk. The information of the project return is incomplete, and the actual ability of the operator is unknown. These inherent difficulties require us to establish a financial intermediary. In a modern and uncertain society, it is difficult for individual investors to evaluate companies, managers, and market conditions. The advantage of the financial system is that it provides intermediary services for investors and provides a mechanism for sharing risks with investors, making the allocation of social capital more efficient. Investment services provided by intermediary financial institutions can be expressed in the following aspects: firstly, diversification of risks; secondly, liquidity risk management; thirdly, project evaluation.

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Business Negotiation Strategies

All sales people in the workplace should master some negotiation strategies firmly and take the time to study these skills in order to get twice the result with half the effort. The following are some of the negotiation strategies and techniques. Hope you can learn from them.

What is called the mutant ever victorious, we need to be fully prepared for every chance. The most important step for a successful negotiation is the fully prepared. The knowing of your goods, the market price, the situation of supply and demand, your company and the other side. The lowest price that you can accept and your negotiating goal should be prepared in advance, and write the important point on the paper to remind ourselves.

Avoid breaking up your relationship during the negotiation. They won’t fully break their negotiation who have some sales experiences, no agreement is better than barely at least, they will leave some space for the opposite side so that transaction in the next time.

Negotiation in your own company office to the largest extent, in addition to psychological advantages you can get, you can also get the necessary support from other colleagues, departments or supervisors, while saving time and corresponding travel expenses.

Only negotiate with the people who have power to make a decision. You may meet the account executive, the chief executive, manager or assistant, the power they have is different, we should avoid negotiating with the people who have no decision-making power, for fear that wasting our time, in the meanwhile we can avoid reveal our information before the negotiation.

The people who have experiences will know what the opponent needs, so strive to satisfy them by the aspect of some insignificant matter in order to gradually lead them to meet our needs. But please remember that don’t let the opponent know our needs before the negotiation, lest they utilize this weakness to tell the buyer make concessions.

Take the initiative but avoid letting the opponent know our company’s position: the attack is the best defense. We should try our best to prepare the questions in advance and ask them by a natural way to let them expose their position as much as possible, chase after the victory, give the opponent enough pressure, if they feel difficult to parry, naturally they must make some concessions.

Last but not the least, as long as you can face all the difficult by cool and composure, I believe you will definitely be successful.

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