Economics

At around 9 a.m. on September 7th, the 2023 Bund Conference officially opened at the Huangpu World Expo Park in Shanghai. This three-day conference with the theme of "Technology · Creating a Sustainable Future" will feature nearly 20 academicians of the Chinese Academy of Sciences and Chinese Academy of Sciences, Nobel laureates and Turing Prize winners, over 500 influential technology companies and experts, as well as entrepreneurs from emerging market countries such as Bangladesh, Malaysia, and Nigeria, to engage in in-depth discussions and exchanges, and attend to release the latest technological achievements. In the context of technological development, how can we help society better adapt to the digital revolution? The conference has a chapter on sustainable development, with a focus on topics such as social responsibility, risk response, ESG, technology ethics, consumer rights protection, data security and privacy protection, employment and talent development, and will host 40 technology enterprise alliances

At 2:14 on September 7th, the Long March 4C carrier rocket ignited and took off from the Jiuquan Satellite Launch Center, and subsequently successfully launched the Remote Sensing 33-03 satellite into the designated orbit, achieving a successful launch mission. The stars and arrows used to carry out this mission were all developed by the Shanghai Aerospace Technology Research Institute of China Aerospace Science and Technology Corporation. The Long March 4C carrier rocket is a three stage liquid carrier rocket at room temperature, capable of launching various types of satellites with different orbital requirements. It can launch a single or multiple satellites, and its 700 kilometer sun synchronous orbit can carry up to 3 tons. With outstanding performance and achievements, the Long March 4 series carrier rocket has been awarded the honorary title of "Gold Medal Rocket". Due to the seasonal alternation in the local area, the meteorological conditions at the Jiuquan Satellite Launch Center are complex and variable. In order to minimize the impact of weather factors, the model team

Recently, during the media research event "Sailing New Journey Insurance Helps High Quality Development of Shanghai Free Trade Zone Lingang New Area" held by the Shanghai Insurance Industry Association and Insurance Society, the reporter learned that Ping An Property and Casualty Insurance has completed the construction of the Shanghai Reinsurance Operation Center in accordance with the preparation standards, and Ansheng Tianping Property and Casualty Insurance plans to effectively introduce mature reinsurance technology and products in the future. On August 14th, the State Administration for Financial Regulation approved the establishment of Shanghai Reinsurance Operation Centers by seven insurance companies. This is one of the first batch of approved reinsurance operation centers, marking another substantial step forward for Shanghai Reinsurance's "international board". The first batch of 7 approved companies are Guoren Property&Casualty Insurance, Sunshine Property&Casualty Insurance, Sumitomo Mitsui Marine, China United Property&Casualty Insurance, Ping An Property&Casualty Insurance, Zijin Property&Casualty Insurance, and Ansheng Tianping Property&Casualty Insurance. Back in June of this year,

"The third C919 aircraft of China Eastern Airlines is expected to be delivered in October this year. In addition to the Shanghai Chengdu route, we also plan to open some new routes before June next year to allow more passengers to experience domestic large aircraft." At the "2023 Bund Conference" China Eastern Airlines booth, the person in charge of C919 aircraft operations told reporters. The 2023 Bund Conference is a grand event of technology, and domestic large aircraft will not be absent. Starting from September 7th, the largest domestically produced C919 aircraft model, which restored the world's first delivered aircraft painting, will be unveiled at the China Eastern Airlines exhibition booth at the Shanghai Huangpu World Expo Park. This C919 large passenger aircraft model is replicated in a 1:10 ratio, with a length of approximately 3.8 meters and a wingspan of 3.5 meters. The front and rear sides of the fuselage are respectively printed with the "world's first" Chinese seal and the "B-919A"

With more than 20 days left until the Super Golden Week of Mid Autumn Festival and National Day, the demand for holiday travel has been on the rise. As of September 6th, the booking volume of domestic tourism products has increased nearly five times year-on-year, and the order volume in the past week has increased by 63% compared to last week. The weekly growth of business formats such as air tickets and homestays has exceeded 50%, while scenic spot tickets have doubled in value. As the highly anticipated "dual festival integration", the hot trend of the National Day tourism market can also be seen from the search popularity one month in advance. According to the Ctrip Transportation Market Search Index, as of August 30, the search popularity for domestic air tickets during the National Day holiday in 2023 exceeded 190% of the same period in 2022, and has recovered to 104% of the same period in 2019; The popularity of the accommodation industry is particularly high in the transportation sector, and the search popularity of the domestic hotel market during holidays has reached 2022

This year, the summer tourism market has reached a historic high, with Xinjiang's Duku Highway being blocked and crying, Guizhou's Rongjiang Village Supermarket being hard to find a room, and Dunhuang's Camel waiting for traffic lights. According to data from the China Tourism Research Institute, the number of domestic tourists in China reached 1.839 billion this summer, accounting for 28.1% of the total number of domestic tourists in the year. Realize a domestic tourism revenue of 1.21 trillion yuan, accounting for approximately 28.7% of the annual domestic tourism revenue. Self driving tours have become one of the most common travel options for tourists. This summer, the order volume in the car rental market has increased significantly year-on-year, and data from multiple platforms shows that it has surpassed the same period in 2019. From the perspective of order types, it has also shown new characteristics, with a significant increase in types of orders such as long-term leases and "large transportation+land rental", and more female users taking control of the steering wheel themselves. Order quantity exceeded

The integrity index of "Shanghai Shopping", a key business district in the first half of 2023, released by Shanghai Institute of Quality and Standardization under the commission of Shanghai Municipal Commission of Commerce, shows that among the 12 business districts in Shanghai, the business districts of Nanjing East Road, Xiaolujiazui Zhangyang Road and Nanjing West Road rank among the top three, and the two business districts of Hongqiao Gubei and Yu Garden have significantly improved. This is a message from the launch ceremony of the Shanghai 2023 Integrity and Business Promotion Month held on the morning of September 7th. The Ministry of Commerce and 13 other departments have held the "Integrity Promotion Month" for the 19th consecutive year. This year's theme is to build integrity, boost confidence, and promote consumption. It is reported that during this year's promotional month, combined with the window service guarantee work of the 6th CIIE, Shanghai will focus on actively promoting the concept of integrity, promoting integrity culture, and continuously promoting the formation of integrity in various industries and fields

On September 7th, the Shanghai Municipal Commission of Commerce disclosed that in order to implement the national decision and deployment to promote bulk consumption of automobiles, the Municipal Commission of Commerce, together with relevant departments, has recently formulated and issued the "Several Measures to Revitalize Automobile Circulation and Expand Automobile Renewal Consumption in Shanghai", further revitalizing automobile circulation and expanding automobile renewal consumption in Shanghai. In recent years, Shanghai has introduced multiple policies to promote consumption of updated cars, continuously improving the convenience of new car consumption and second-hand car transactions, and achieving phased results. The scale of automobile consumption accounts for more than 10% of the total retail sales of consumer goods in Shanghai, playing a strong driving role in stabilizing growth and promoting consumption. The Shanghai Municipal Commission of Commerce introduced that the "Several Measures" have a total of nine specific measures, mainly including the following aspects: firstly, updating the consumption aspect, introducing a new round of "trade in" subsidies for old and used cars, and addressing the

On September 7, when the tenth anniversary of the "the Belt and Road" initiative was put forward and the countdown to the opening of the sixth Import Expo was less than 60 days, the forum of the Import Expo was held at Nazarbayev University in Kazakhstan. The Kazakh Trade Policy Development Center, a subsidiary of the Ministry of Trade and Integration of Kazakhstan, announced at the symposium that it will organize 25 Kazakhstani enterprises to participate in the 6th China International Import Expo and showcase Kazakhstani characteristic agricultural products such as camel milk and honey in the food and agricultural product exhibition area. On site panel of the symposium Kazakhstan is the place where the "the Belt and Road" initiative was initiated. The Expo is deeply rooted in the "the Belt and Road" initiative.

The housing provident fund policy in Shanghai has been adjusted. The Shanghai Municipal Commission of Housing and Urban Rural Development announced today that two documents, the "Notice on Adjusting the Maximum Loan Term for Purchasing Existing Housing with Housing Provident Fund in this City" and the "Notice on Supporting Urban Renewal with Housing Provident Fund in this City", have been reviewed and approved, and will further play the role of housing provident fund in improving the living quality and conditions of residents. The Notice on Adjusting the Longest Loan Term for Housing Provident Fund Purchase of Existing Housing in this City clearly stipulates that the longest loan term for housing provident fund purchase of existing housing between 6 and 35 years of housing age by borrowers shall be adjusted. Among them, for the purchased stock housing with a housing age between 6 and 20 years, the maximum loan term for housing provident fund has been adjusted from the original calculation rule of not exceeding "35 minus housing age" to not exceeding 30 years; Age of purchased stock housing

Artificial intelligence is affecting our lives at an unprecedented speed. Since the beginning of this year, the research and development of large models at home and abroad has shown explosive growth. AI technology represented by large models is accelerating iteration and upgrading, reshaping thousands of industries. Large models have also become a high-frequency term at this year's Bund Conference. What is the current development status of the generative AI industry represented by large models? What new opportunities have new technologies brought? On September 7th, at the "New Wave of AI Frontier Technology Development and Application" Insights Forum, attending experts shared their views. "Since ChatGPT, big models have become particularly popular," said Zhu Wenwu, a professor at the Department of Computer Science and Technology at Tsinghua University and director of the Big Data Intelligence Center at the Institute of Artificial Intelligence. The characteristics of big models can be summarized as several "big" factors: the model is "big"

Are you worried about being replaced by artificial intelligence? Herali once said that the fear of artificial intelligence has been troubling humanity since the beginning of the computer age. And this issue seems to have come closer to everyone after the emergence of chatGPT. Large generative pre trained language models, represented by chatGPT, are considered to overcome communication barriers between humans and machines. The language barriers between different countries and the professional vocabulary barriers between different professions seem to be resolved by simply inputting natural language. The language "Tower of Babel" is being broken by technology. In the future, what will the world be like when humans and machines coexist? Will humans be replaced by large models? How to coexist? On September 7th, some thoughts were heard at the Bund Conference. The emergence of large models is an inevitable technology

Returning "indigenous" wildlife to the places where their ancestors once thrived is professionally called "reintroduction": rebuilding a population of a species within a portion of its historical distribution area. On September 7th, the "reintroduction" project in Shanghai made new progress, with 8 adult deer being released into the wild in the Shanghai Binjiang Forest Park to supplement the original population in the area. How to put it? Looking back two and a half hours, the 8 deer that met the conditions for wild release were packed in Huaxia Park. They lay in a dedicated turnover box and looked out through the ventilation holes on the box, feeling very nervous. Nie Dayi, a Ph.D. in Conservation Biology from the School of Life Sciences at East China Normal University, is also very nervous: "Zhang is very timid. Even a slight mistake in the seemingly easy 'moving' can cause them to experience intense..."

Samsung introduced ChatGPT for less than 20 days, and three incidents of semiconductor confidential information leakage occurred. Subsequently, employees were required not to use generative artificial intelligence in the workplace; Due to data privacy issues, Italy is investigating ChatGPT for allegedly violating data collection rules and temporarily restricting OpenAI from processing Italian user data. Artificial intelligence, blockchain and other cutting-edge technologies are accelerating their integration with various industries and daily life, while also facing the current situation of "half is seawater, half is flames". Even neutral technologies, if used improperly or abused, can lead to many problems such as privacy leaks, financial fraud, and false information. The "Overall Layout Plan for Digital China Construction" issued this year will build a reliable and controllable digital security barrier, and build self-reliance

On February 15th this year, nine leading shipping companies around the world signed a statement in Amsterdam, committing to 100% adoption of electronic bills of lading by 2030. Paper bills of lading are one of the oldest documents in global trade, dating back to the 17th century. In the trade process, the bill of lading is an important document for shipping. Chen Sijia, CEO of Global Shipping Business Network, explained that when a ship arrives at its destination, customers must collect the goods with a bill of lading. According to statistics, ocean carriers issue approximately 45 million bills of lading each year. In 2021, only 1.2% of it was electronic. It often happens that the ship has arrived, the paper bill of lading has not yet arrived, and the boxes and customers can only wait at the dock. By 2030, digital technology will completely replace paper bills of lading, and this document form that has lasted for four centuries will be phased out of the historical dance

Three years ago, the main forum of the first Bund Conference started with a cup of coffee discussing the development of financial technology. Yesterday, the "Cafe" of the main forum of the Bund Conference opened again, and Chinese and foreign academicians and industry leaders gathered together, discussing cutting-edge technology from financial technology, discussing the dividends brought by AI technology, and reflecting on the hidden worries brought by AI. Just before the speech, Zhang Renhe, an academician of the CAS Member and Vice President of Fudan University, shared a "new story": on September 1 this year, Fudan University held its first outdoor opening ceremony in 20 years, and more than 16000 new students gathered at Guanghua Building Caoping. But at that time, Shanghai was cloudy and rainy. What if it rained on the day of school? Three days before the start of the school year, the school authorities consulted with Fuxi and he said that it would not rain on September 1st. Guo Buqi

"Welcome to Shanghai, use my Malaysian 'Alipay' to order a cup of Yunnan coffee for you!" On the opening day of the Bund Conference on September 7, an engineer of Ant International Business Group greeted the guests at Inclusion Coffee. He warmly invited the guests to taste Yunnan coffee with his Malaysian electronic wallet Touch'nGoWallet on his mobile phone. After taking a sip, Mohammad Buddy, President of American Express Global Network Services, couldn't help but give a thumbs up, praising this high-altitude coffee from Xishuangbanna and China's overseas financial technology. On September 7th, 2023, the Bund Conference officially opened at the Huangpu World Expo Park in Shanghai. Whether it's forums or technology exhibitions, the "One Wallet Traveling the World" that Chinese people are already familiar with is leading the world in digital technology

On September 8th, the Shanghai Municipal Government press conference introduced the relevant situation of the 23rd China International Industrial Expo, which will be held from September 19th to 23rd at the National Convention and Exhibition Center. This is an exhibition that helps to build a new development pattern and promote stable growth of the industrial economy. It is also an exhibition that maintains the security and stability of international industrial and supply chains and showcases global technological innovation achievements. The theme of this year's Industrial Expo is "Carbon Cycle New Industry, Digital Convergence New Economy", with an exhibition area of 300000 square meters. More than 2800 enterprises from 30 countries and regions around the world participated, covering Fortune 500 and industry-leading enterprises. Nearly a thousand new products and technologies will be released, and the scale, level, and number of new exhibits of the exhibition will be the largest in history. It is reported that this conference has set up a total of nine professional exhibition areas, showcasing content related to

Today, the Shanghai Land Trading Market released a notice on the transfer of commercial housing land, with a total of 7 plots and a transfer area of approximately 50.14 hectares, with a starting total price of approximately 18.5 billion yuan. Unlike before, this batch of transfers has added specific requirements for "high-quality construction". Among them, the two "high-quality construction" indicators of "green buildings and ultra-low energy buildings" and "public rental housing" will be auctioned at the on-site bidding stage. The indicators of "high-quality construction" include prefabricated buildings, renewable energy, BIM technology application, aging friendly construction, decoration price standards for fully decorated commercial housing, green buildings and ultra-low energy buildings, public rental housing, etc. The reporter learned that before the transfer, the transferor will evaluate the prefabricated buildings, renewable energy, and BIM technology application of each plot based on the location and characteristics of the plot

Recently, a hundred meter domestically produced large fiber bundle carbon fiber rope made of 48K large fiber bundles developed and produced by Shanghai Petrochemical has been successfully applied in the gas film structure sand and gravel yard of the China Construction Eighth Bureau Deep Expressway Project. This is the first application of carbon fiber composite materials in the air supported membrane structure cable network system, and it is also the longest carbon fiber reinforcement cable used in the field of civil engineering in China so far. The 48K large tow carbon fiber reinforcement produced by Shanghai Petrochemical can be continuously produced and rolled due to the advantages of the extrusion molding process, thereby meeting the production and application requirements of different products for manufacturers in the later stage. The total length of the single cable made in this engineering project is 92 meters, weighing about 65 kilograms, which is about 80% lighter than ordinary steel cables. At the same time, it can significantly reduce construction difficulty, effectively save the use of large construction lifting machinery, and achieve efficient installation. Carbon fiber composite materials

Today, Haomai Group of the UK announced the official opening of its Asia Pacific integrated production and research and development base, located in Xinzhuang Industrial Park, Minhang District, Shanghai. The base covers a total area of 11000 square meters and has 15 subsidiaries of the group in safety, environment and analysis, and medical health. Since its official entry into China in 2006, Haomai Group in the UK has had nearly 40 subsidiaries conducting business in China, including more than ten subsidiaries such as Bluefield Optics, Fortis Safety Interlocking, and Hanover, which have successively settled in Shanghai. In the fiscal year 2023, the Asia Pacific region accounted for 15% of the UK's revenue, with China accounting for nearly half. At the opening ceremony of the base, Mr. Wang Chunwen, member of the Executive Board and Chairman and President of the Asia Pacific region of British Haomai Group, said, "China and the Asia Pacific region are important strategic markets and strengths of British Haomai."

The opening of the 34th Shanghai Tourism Festival has entered the countdown. Cheng Meihong, Deputy Director of the Shanghai Municipal Bureau of Culture and Tourism, revealed at the theme press conference of the sub venue of the Shanghai Tourism Festival held today that during this year's Shanghai Tourism Festival, a large number of key cultural and tourism enterprises will cross border with financial institutions, e-commerce platforms, etc., jointly launch a series of consumption promotion activities and high-quality products that are rich in content, diverse in form, and combined with offline and online, fully unleashing new momentum of cultural and tourism consumption, allowing more citizens and tourists to enter the beauty and joy of the festival. Starting from September 16th, the one-week Shanghai Tourism Festival will continue to offer a half price discount on admission tickets to scenic spots, with 70 participating cultural and tourism institutions. Focusing on benefiting the people and creating a golden autumn welfare season, during this tourism festival, key enterprises actively participated and continued to carry out cultural and tourism consumption activities to benefit the people, constantly stimulating

Since 2011, the Shanghai Tourism Festival has launched a one week half price discount on scenic spot tickets every year, which has been popular among citizens and tourists. This year's Shanghai Tourism Festival still retains this tradition. From September 16 to September 22, a total of 70 cultural and tourism institutions launched a half price discount. For details, see: 1 Original price of adult ticket for Oriental Pearl TV Tower Radio and Television Tower: 259 yuan Note: The joint ticket includes items: 263 meters of subjective light layer+259 meters of fully transparent suspended sightseeing corridor+78 meters of "More Shanghai, Sea" ring action multimedia show+0 meters of Shanghai Urban History and Development Museum+0 meters of Oriental Pearl TV Tower Cloud Art Museum. Ticket purchase time: Tickets can be purchased no later than 16:00 on the day of the trip. Opening hours: 9:00-21:00. 2 Adults from Shanghai Wildlife Park

In the Zhengrongyu Capital Community of Jinshan District, there are warm reminders posted near the elevators that prohibit electric bicycles from entering households; If a passenger pushes an electric vehicle into an elevator, the elevator will immediately receive a message saying "Hello, electric scooters are not allowed to enter the elevator"... Since 2021, Shanghai Mobile and the Jinshan District Market Supervision Administration have carried out 5G+smart elevator coverage in 11 residential communities. By installing "smart brains" and "smart sensors" on elevators in residential communities, the elevator will be fully protected 24 hours a day to ensure the safe operation of elevators in the community. It is expected that by the end of this year, a total of 3500 residential elevator IoT devices will be installed, basically achieving full coverage of the entire Jinshan District residential elevator IoT. With the strong promotion of the Jinshan District Market Supervision Administration, Shanghai Mobile Jinshan Branch has established an elevator system

A mobile phone is like a bank branch, and over 90% of business can be processed bit by bit. The traditional financial service industry is undergoing transformation, and the investment channels for young people are gradually diversifying. On September 8, at the wealth management industry forum of the Bund Conference, guests such as Xiao Gang, the former chairman of the China Securities Regulatory Commission, Shang Fulin, the former chairman of the China Banking Regulatory Commission, and Robert Schiller, the Nobel Prize winner, jointly discussed that new investors of the generation of "Internet natives" put forward higher requirements for the convenience, professionalism and intelligence of managing the "purse". According to the 2022 China Banking Service Report, the average electronic diversion rate of banks is 97%, and more than 90% of business has been online. According to third-party data monitoring platforms, the monthly active users of China Mobile Banking App exceeded 500 million by the end of June 2023. Banks in WeChat

Two years ago, Chen Lifan, Deputy Director of the Science Fiction Literature Committee of the Chinese Writers Association, prepared to publish "AI Future Progressive Style" and invited illustrators to create based on the content of the article. It took two months before and after feedback and modification, and was finally completed. "Recently, I opened an AI mapping software and in just ten minutes, I generated illustrations for the same story content." At the 2023 Bund Conference Insights Forum, Chen Lifan combined her own experience to tell the audience, "In the face of the rapidly advancing reality, imagination can expire at any time.". The fantasies in science fiction novels are gradually becoming reality. In the 1950s, humans were exploring and developing machines that were close to their own level of intelligence, but failed several times. It was not until the 1990s that the advancement of deep learning and neural network research led to related applications

Walking in the technology exhibition area of the Bund Conference, green elements can be seen everywhere, including photos of ant forests, simulations of green computing links, and even a patch of farmland. Sitting at the Bund Conference forum, topics related to safety, privacy, and ethics are also hot topics. These details actually point to the theme of this year's Bund Conference - "Technology, Creating a Sustainable Future". The setting of this theme is of great practical significance. The contradiction between traditional industrial civilization and the supply of natural resources and the carrying capacity of the ecological environment has not yet been resolved, and the continuous development of technology seems to have begun to bring certain hidden dangers to the world. How to promote resource conservation and environmental protection through technology, how to make AI safe for our use, how to bridge the digital divide and bring a sustainable future, has been widely discussed at this conference. Jointly Facing Global Challenges

On the morning of September 8th, 2023, the C10 Hall of the Bund Conference was fully booked, and three rows of seats were temporarily added by the staff before the opening. However, dozens of people still stood behind and listened to the entire "Digital Banking Advancing Financial Health" Insights Forum. Why is everyone so interested? A guest present answered the reporter's question: "In the financial field, the digitalization of the banking industry is at the forefront. Exploring the digitalization of the banking industry helps to think about the future direction of financial digitalization, and everyone is dealing with banks. The digitalization of the banking industry not only affects social and economic development, but also affects the lives of millions of people." To what extent has the digitalization of the banking industry reached? What are the future development trends? At this forum, the attending guests not only expressed their opinions and shared their views, but also took out voting tools and directly voted out their answers in their hearts

In November 2022, ChatGPT emerged, ushering in the era of big models. But training large models is like cultivating children, only high-quality education can produce high-quality output. Therefore, high-quality corpora are a key link in the large model industry chain. Based on this, on July 6th this year, at the opening ceremony of the World Artificial Intelligence Conference, the China Big Model Corpus Data Alliance, jointly initiated by Shanghai Artificial Intelligence Laboratory and other units, was announced to be established. Subsequently, the alliance took frequent actions. Following the release of the first publicly available multimodal pre training corpus "Scholar · Ten Thousand Volumes" on August 14th, nine new member units joined and new datasets were released on September 8th. It is reported that the alliance has gathered 10 initiators in the first batch, including Shanghai Artificial Intelligence Laboratory, China Central Radio and Television Station, and China Science and Technology Information

Today, the commemorative conference for the 100th anniversary of the establishment of the Shanghai Chemical Society was held. As one of the birthplaces of China's chemical industry, the establishment and development of the Shanghai Society have accompanied the entire process of the Shanghai chemical industry from scratch, from small to large, and from weak to strong. In 1922, the Chinese Chemical Industry Association was founded by Chen Shizhang, Yu Tongkui, Zhang Xinwu, and others from Peking University. In September 1923, the predecessor of the association, the Shanghai branch of the Chinese Chemical Industry Association, was born in Shanghai with the aim of revitalizing our country's chemical industry. In 1932, more than 40 chemical predecessors founded the "Chinese Chemical Society" with the concept of "there must be a meeting in the study of Chinese civilization". Since then, Shanghai Chemical and Chemical Industry has had its own professional organization. Huang Deheng, Chairman of the Shanghai Chemical Industry Association, stated that the chemical manufacturing industry in Shanghai has seen its layout over the past century