Takeaway food delivery accidents are frequent, how can riders deliver food to slow down?

  Zhu Lili and Zhang Dachuan, Xinhua News Agency’s "China Network" reporter

  Recently, a data on food delivery shows that in the first half of 2017, there were 76 casualties in the food delivery industry in Shanghai, with an average of 2.5 days and about 1 food delivery worker was injured, of which "Ele.me" and "Meituan" each accounted for 26% of the traffic casualties. After the news was reported by the media, it triggered a heated online discussion on the safety of food delivery riders. Many people said that through the data of Shanghai, it can be seen that the "speed" and "passion" of the food delivery industry hide huge safety hazards.

  The fast-growing "Internet + Catering" has spawned and expanded the takeaway food delivery industry, making it convenient for many citizens to eat daily. Why are there so many traffic accidents in takeaway food delivery? Who exactly pressed the "acceleration button" on the time chain of takeaway riders delivering food? A reporter from "China Network News" started an interview on this.

  Accidents occur frequently on the road to takeaway delivery

  Every lunch and dinner hour, food delivery riders can be seen everywhere in catering merchants, streets, office buildings, etc. They are either riding motorcycles or driving electric bicycles, and the square incubator with the logo printed on the back of the car holds the customer’s meal. From the time the site system dispatches the order, the riders start the process of receiving the order, waiting, picking up the meal, and delivering the meal. Only when it is delivered to the customer who placed the order on time can they complete the order task. Riders have thus become "people who race against time" in the eyes of many people.

  Since the beginning of this year, many cities in China have frequently suffered traffic accidents related to food delivery, and reporters have sorted out many typical cases from relevant media reports. In early January, a "Ele.me" food delivery worker riding an electric vehicle died after a collision with a motor vehicle near Qilian Mountain South Road, Tongpu Road, Shanghai; on the evening of April 11, a rider wearing a "Dada" overalls collided with a truck transporting garbage on Ji’an Road, Fuxing Middle Road, Shanghai.

  The continuous high incidence of traffic accidents reflects the hardships of the work of the delivery riders group, but the delivery riders occupy the road, go retrograde, and run red lights in a "hurry" and other traffic chaos, which brings inconvenience to the travel of many citizens. The citizens call "unsafe" but also express "very helpless". In early August, at the intersection of Chengdong New District in Yuyao, a delivery rider riding an electric car caused a traffic accident by running a red light and hitting a Rolls-Royce driving normally. The Rolls-Royce reflector was knocked off, the door was dented, and the delivery rider was injured and sent to the hospital. After the incident, the owner did not hold the rider accountable for the accident, but only expressed the hope that the riders could learn their lessons and drive in a civilized manner.

  Zhang Weiqiang, a resident of Dongge Road in Nanning City, Guangxi Province, said, "It is common for food delivery guys on the street to save time and not walk on the road. They ride motorcycles on the sidewalk and scratch pedestrians from time to time." Now the food delivery platforms are desperately earning money, and there is a lack of relevant measures to ensure the traffic safety of riders. The bitter fruit of vicious competition is borne by workers and customers.

  Why do riders "race against the clock"

  The frequent occurrence of traffic accidents in the "every minute counts" food delivery industry has triggered discussions about the safety of food delivery personnel and traffic violations. Why can’t the delivery riders "run all the way" slow down? The reporter interviewed the delivery riders and related industry insiders.

  Feng Lili, a food delivery worker, has been working in Beijing for more than a month and is responsible for delivering orders within a 3km radius near Xidan. He told reporters that the daily meal delivery is a "order surge" time period, and orders between 11 am and 1 am are particularly intensive. "Old employees have to deliver almost 30 or 40 orders in a day. I am still a newcomer, about 12 or 13 orders." Feng Lili said that after graduating from junior high school, he worked in Beijing for four years. Although food delivery was tiring in the high temperature in summer, his income was much higher. "When the delivery time is longer and I am more familiar with the surrounding area, the daily delivery volume should be able to increase."

  During the conversation, Feng Lili’s words are always "the number of orders delivered", using his words "more work and more money". "This is the attractive part of the takeaway food delivery industry". The salary of the takeaway food delivery staff consists of a guaranteed basic salary and a commission for the delivery of the bill. Feng Lili said that full-time order delivery employees like him in the company have a guaranteed income of 3,000 yuan, and they can get 6 yuan for every order delivered on time, no complaints and no bad reviews. While part-time employees can get 8.5 yuan for completing an order according to the regulations because they have no guaranteed income.

  "The premise is that it has to be delivered on time, and we also need to ensure that customers do not complain and have no bad reviews." Wang Long, the food delivery staff, said that most customers can understand and forgive him for being late during the delivery process due to reasons such as delivery by merchants and poor traffic, but some customers are "unwilling to wait for more than a minute". "Once, the food was delivered to a community on Changchun Street. After arriving downstairs, he ordered’early delivery ‘before the timeout calculation started. The customer rejected the meal before waiting for his own explanation, and also complained."

  The reporter checked Meituan takeaway, Ele.me and other ordering APPs and found that the personal page of the takeaway rider was marked with the total mileage of the delivery, the on-time rate and the average delivery time, and also showed the on-time delivery, the goods were well preserved, the rider’s service was good, the delivery was fast, and the delivery was slow.

  "’Fast delivery’ is like a curse, but there are too many uncertain factors in the process from receiving orders to delivery, which may lead to overtime delivery." Wang Long said that there are more than one case of overtime delivery, mainly due to slow delivery by merchants during meal times and traffic congestion during rush hour. "Sometimes it takes a long time to take the meal from the merchant, and then catch up with the congested road. You can only grab time by going a short way retrograde or taking sidewalks, shortcuts, etc."

  Industry insiders told reporters that each takeaway platform has a strict reward and punishment system for food delivery employees. Some companies stipulate that praise can be rewarded with additional rewards, and overtime delivery deduction is a more common means of restraint. "The system stipulates the delivery time after the customer places an order. Our company’s regulations are that overtime within 8 minutes to 30 minutes is considered ordinary overtime, and no money is deducted, but more than 30 minutes is serious overtime, and each order must be deducted 2 yuan." Wang Long said that since entering the industry, he has heard many times that colleagues have hit motor vehicles or pedestrians due to running red lights, driving too fast, etc. A few days ago, a colleague was in a car accident and was hospitalized.

  It is recommended to do both inside and outside to make the rider "slow down"

  Recently, the Shanghai traffic police department interviewed 8 food delivery companies including Ele.me, Meituan, Baidu, and Dada, and revealed strict management norms, requiring each company to strengthen the management of Security Training, vehicle specifications, and rider identification systems. Among them, the relevant enterprises should establish a rider traffic civilization score system, which has received a lot of praise. The severity and harm of rider traffic violations will be set corresponding score values, which serve as an important basis for traffic police road management and internal management assessment of enterprises.

  Huang Caijie, deputy captain of the traffic police detachment of the Xining Public Security Bureau in Qinghai, told reporters that in order to slow down the delivery of electric vehicles, the traffic police department has increased the punishment and innovated the punishment method. The delivery brother rode in the opposite direction and interspersed on the sidewalk at will, violating traffic laws and regulations, but faced with the problem of fines, the traffic police department implemented a financial denomination fine, and immediately punished 50 yuan for one violation. If you are unwilling to accept the cash penalty, you can choose to participate in more than half an hour of traffic safety learning practice and assist the traffic police on duty at the intersection. "After finding that the delivery driver’s electric vehicle violated the regulations, let him correct and stop it. The effect of mutual education is very good."

  Treating the symptoms still requires addressing the root cause, and many people believe that "slowing down" the delivery riders also requires internal governance measures.

  Qin Hongyu, a professor at the School of Journalism and Media at Southwest University, said that the root cause of the delivery brother’s electric car "running all the way" is the unreasonable payment method of this position, which is more of a single piece-rate salary. Only by changing the work treatment and payment method of the delivery brother, including them in the social security system, and giving them more basic security can the delivery staff’s car be slowed down.

  "Riders should enhance their awareness of safety and the protection of their own rights and interests, which is not only related to the safety of the riders, but also related to the safety of other people’s lives and the healthy development of the city." A Beijing office worker who often orders takeout, Pu Xiao, suggested that customers should listen and understand more, and reply with thanks when they receive takeout meals. "Customers can also consider placing an order in advance to’cool down ‘the meal that is easy to’order surge’."

One person, one brand, one model, Chinese power, a century of progress

Upward movement has been the unremitting pursuit of the Chinese people for more than a century.

There is a person who represents the Chinese people’s century-long rise on the international stage.

He is the most famous ambassador to China in history. Under his strong promotion, the valid period of Sino-US visas was extended from one year to 10 years. He served as the US Secretary of Commerce and the Governor of Washington State. He is a pioneer in actively promoting Sino-US economic and trade exchanges and represents the highest political achievement of the Chinese in the United States.

He is Gary Locke.

When it comes to Locke, there are two inseparable topics, one is his Chinese ancestry, and the other is his "American Dream". These two topics have been brought up repeatedly in Locke’s political career for more than 30 years, and eventually Locke’s story has been compressed into a "100 years in a mile".

"A hundred years ago, my grandfather came to Washington State on a steamer. He worked as a servant in a white family less than a mile from the governor’s mansion. It took our family a century to move from that house to the governor’s house."

From domestic helpers at the bottom of society to governors at the top, the realization of the Locke family’s dream of this mile is a figurative interpretation of the "upward" spirit of the Chinese people. This "upward" spirit is the blood flowing in the Chinese people’s bones. No matter where they are, it has been passed down several times to support the Chinese people’s efforts.

Today, in the context of globalization, the "upward" spirit in the soul of the Chinese people is more reflected in the "upward" road of Chinese brands.

There is a brand, which represents the Chinese brand in the Chinese car market.

It is a Chinese brand car company that started relatively late. It entered the automobile industry in 1997. In just 20 years, the cumulative sales volume has exceeded 5 million vehicles. It has focused on industry, technological innovation and talent training for many years, and has achieved rapid development. It has entered the world’s top 500 for five consecutive years, becoming the only Chinese private automobile company shortlisted.

It’s a Geely car.

Chinese brands have been struggling since birth, and they really started on a large scale in the 1990s. With China’s accession to the World Trade Organization in 2001, Chinese brands have not been cultivated enough to face the "big soldiers" of international auto giants.

Surrounded by foreign brands, Chinese brands represented by Geely have seized the market gap, worked hard to improve their product strength, and grew rapidly in the face of pressure and crisis. Although foreign brands continue to press down on Chinese brands, they have been impressed for three days. Chinese brands have changed their product image and brand perception, and have a strong ability to resist pressure and grow upwards.

Just like the positive concept of the Upmarathon 2017 China Open hosted by Geely Automobile, Geely Automobile, as a leader of Chinese brands, draws on the national essence of pioneering and challenging, and constantly uses its own "upward" power to write the legend of China’s auto market and refresh the new height of Chinese brands. Lin Jie, vice president of Geely Automobile Group and general manager of the sales company, said, "Transmitting the’upward ‘spirit through the Upmarathon is Geely’s social responsibility as a Chinese car company, and also conveys the beautiful vision of Chinese auto brands to compete with the world’s mainstream car brands in the future through continuous upward mobility."

Today, with 20 years of growth, Geely Automobile has fought against the siege of international auto giants in the Chinese auto market and made great progress, not only in China, but also in the international market.

The rise of Chinese brands and their entry into specific products are the outstanding encirclement of each model.

There is a model that represents the breakout of Chinese cars in the sedan market.

It was born 7 years ago, with monthly sales breaking through 5,000, 8,000, 10,000, 20,000, sales breaking through 500,000 in 4 years, sales breaking through 800,000 in 6 years, and million sales in 7 years… It has refreshed the market sales growth rate and record of Chinese brand cars again and again, and has become the only Chinese brand sedan in the market segment to enter the top ten sales lists.

It’s the Geely Emgrand.

With the upward improvement of product power, Chinese brands continue to attack the A-class and even B-class car camps where foreign brands have long monopolized sales, but most of them still find it difficult to get a bowl of soup from it, so they have to turn to the incremental SUV market. Today’s car market is more and more divided, consumers are more and more picky about buying cars, and the attitude of retreating in distress is obviously unable to move forward in the market. The high-quality Geely Emgrand has blown a new wind of "upward" for Chinese car brands that once struggled to defend the mid- and low-end market, and the hope of competing with joint venture brands is within reach for the first time.

If only Emgrand is thriving, it is not enough to perfectly interpret "up". Geely Automobile follows the changes in market and consumer trends in a timely manner, clearly puts forward the "up" spirit of Emgrand, and implements balanced development at the product level. With the strong reputation foundation of Geely Emgrand, it starts from the A-level market and gradually realizes the coverage of various market segments.

As the mainstay of Geely Automobile, Emgrand integrates the brand spirit of "continuous improvement". After years of careful layout, the Emgrand family has fully covered all A-class market segments including A-class, A +-class cars, crossover SUVs, and new energy vehicles. The Emgrand brand has become a vanguard leading Geely Automobile’s product innovation and brand improvement.

Today, the "Geely 3.0 era" has become an industry consensus. The high-quality cars under Hunting are constantly popular, and strategic models such as Borui and Boyue reflect the upward energy of "China Intelligent Manufacturing". The success of Geely Emgrand has allowed Geely Automobile to firmly lock major market segments such as A-class cars, B-class cars, and smart SUVs into the territory of Chinese brands.

In today’s war-torn Chinese auto market, both Chinese and foreign brands may soon be eliminated if they do not make progress and make great strides forward. The Chinese brands represented by Geely Automobile and the Chinese sedans represented by Emgrand are able to stand tall and even break through the siege of joint venture brands because of the "upward" soul of the Chinese people flowing in their bones. And this is the power of the Chinese people to stand tall among the nations of the world!

Father and daughter will usher in a new life! "Strong Dad" who hugs the girl in his left hand gets free surgery

  CCTV News: Recently, a video of a delivery brother holding his daughter in his left hand and carrying takeout in his right hand has been circulating on the Internet. Many people are also moved by his strong attitude towards life. The delivery brother is called Li Bangyong. His right hand was disabled due to work, and his wife ran away from home. Because his daughter was left unattended, he could only take her to deliver takeout. Many netizens call him "Strong Dad". Recently, a hospital in Zhejiang performed a free operation on Li Bangyong. According to the doctor, after the operation, 90% of the functions of Li Bangyong’s hand can be restored.

  One hand holding daughter, one hand carrying takeaway

  The deliveryman, Li Bangyong, 39, from Zhaotong, Yunnan Province, had been working in Jiaxing, Zhejiang Province, in 2012 when his right hand was sucked into a machine, leaving him with a level 5 disability.

  Although he received compensation, Li Bangyong could no longer work in the workshop and had to recuperate at home first. One day in 2017, his wife ran away from home and never came back. He was left alone with his 6-month-old daughter. In order to make ends meet, Li Bangyong decided to deliver food after the Spring Festival in 2018. But because his daughter was too young, he could not leave her alone at home.

  For the safety of his daughter, Li Bangyong could only take his daughter with him. When riding a bicycle, he fixed his daughter in the car, and when he wanted to deliver food, he held his daughter in his arms. Wherever he went, his daughter went.

  Touching stories are spread online, and all sectors of society lend a helping hand

  In this way, Li Bangyong relied on his own efforts and perseverance to raise his daughter and live a strong life. And the company of his daughter is also the greatest comfort in his life. In recent days, Li Bangyong’s story has spread online, and many strangers have reached out to help.

  On the 14th, after seeing Li Bangyong’s right hand, a doctor from a hospital in Zhejiang Province initially diagnosed that his hand disability belonged to tendon adhesion, mainly due to the impairment of flexion and extension function. The three fingers of the middle finger, ring finger and little finger could not be extended. However, as long as relevant surgeries are performed, they can help with recovery. On the afternoon of the 16th, the hospital performed free hand surgery for Li Bangyong.

  After the surgery, Li Bangyong was even more moved by the help from all walks of life. There were various toys on the hospital bed, and the cabinets were filled with food and daily necessities, which were sent by caring people. The hospital nurses often took time to help him take care of his daughter, feed the child, and play with the child.

  The reporter learned that Li Bangyong needs to go through two stages of surgery. The hospital will install rehabilitation braces for him to help him with rehabilitation training; after 2 to 3 months, he will undergo a second stage of surgery.

  Li Bangyong said that some local childcare institutions also offered to accept his daughter for free. In the face of everyone’s love, Li Bangyong can only express his gratitude in words.

894,900 new Volvo XC90 T8 went on sale.

[car home new car on the market] Recently, we learned from Volvo officials that its new XC90 T8 plug-in hybrid model was officially launched.A total of one model was launched in the new car, and the price was 894,900 yuan.The appearance of the new car has not changed much, but the car system and safety configuration have been optimized and upgraded. See the table below for detailed models:

Guide price of new Volvo XC90 T8 car make and model Price (ten thousand yuan) RECHARGE T8 plug-in hybrid four-wheel drive Extreme Deluxe Edition 7 seats 89.49

Volvo (imported) Volvo XC90 New Energy 2023 T8 RECHARGE Zhizun Deluxe Edition Block 7

In terms of appearance, the new car is still equipped with a quadrilateral front grille and a straight waterfall-shaped middle net design. Volvo’s classic diagonal LOGO has good recognition. In addition, the headlights of the new car are equipped with "Raytheon’s Hammer" LED daytime running lights, and there are chrome-plated decorative strips on both sides of the front enclosure. The overall collocation looks full of gas.

Volvo XC90 new energy 2022 modified E-drive hybrid T8 Zhizun Deluxe Edition 7 seats

  In the interior part, the new car is equipped with a full LCD instrument panel and a three-spoke multi-function steering wheel. The central control center adopts an embedded multimedia display with a vertical layout, and the central channel area also retains physical buttons and crystal electronic gear handles, showing the Nordic luxury style as a whole.

In terms of configuration, the new car is equipped with the world’s first built-in native Android car system jointly developed by Volvo Cars and Google, which has smoother operation, more accurate response and more intuitive and delicate human-computer interaction interface. At the same time, it is also equipped with Iflytek’s intelligent speech recognition system. The speech function supports context understanding and can interrupt interference, so that continuous dialogue is unimpeded.

Volvo (imported) Volvo XC90 New Energy 2023 T8 RECHARGE Zhizun Deluxe Edition Block 7

In terms of safety configuration, the new car comes standard with the third-generation City Safety urban intelligent safety system, which has a 360-degree panoramic perception function. When the system judges that the collision risk is imminent and the driver does not respond in time, the system can automatically brake the vehicle, thus protecting the passengers and pedestrians. At the same time, Volvo’s new XC90 comes standard with Pilot Assist navigation assistance system, and supports many functions such as backward automatic braking, ready to leave notice, emergency parking assistance and so on.

Volvo XC90 new energy 2022 modified E-drive hybrid T8 Zhizun Deluxe Edition 7 seats

In terms of power, the new car is equipped with a plug-in hybrid system formed by a 2.0T turbocharged four-cylinder engine and an electric motor, with a comprehensive maximum power of 456 HP (335 kW) and a comprehensive peak torque of 709 Nm. With an 8-speed automatic transmission and an electronic four-wheel drive system, its 0-100km/h acceleration time is 5.4 seconds. It is worth mentioning that the new car will also be equipped with a "single pedal mode". (graduation)

The real estate sector broke out! Individual stocks have a daily limit.

The A-share market fluctuated at a low level this morning, with the main indexes falling to varying degrees, and the real estate sector soaring, setting off a wave of daily limit and becoming one of the biggest highlights of the market in the morning.

New shares continue to be strong, and Xuchang Smart, a new share listed today, once rose more than 100% in the morning session.

The real estate sector rose sharply and set off a wave of daily limit.

The A-share market fluctuated at a low level this morning. As of the close of the morning, the Shanghai Composite Index fell slightly by 0.38%.

In terms of industry sector and track, the real estate sector rose sharply, with the intraday increase exceeding 3%. Individual stocks in the sector set off a daily limit, and Shahe shares, Pudong Jinqiao, China Communications Real Estate, Waigaoqiao and other stocks had daily limit.

In the news, Xiao Yuanqi, deputy director of the State Financial Supervision and Administration, said at the press conference of "High-quality Development of Financial Services Economy and Society" of the State Council Office that recently, we have actively cooperated with industry authorities and local governments to comprehensively implement policies from the supply and demand sides of the real estate market and continuously increase financial support. The Ministry of Housing and Urban-Rural Development, the People’s Bank of China and the General Administration of Financial Supervision have made clear the housing credit policy of "recognizing housing but not loans". The People’s Bank of China and the General Administration of Financial Supervision issued "16 financial measures" to support the stable and healthy development of the real estate market, and studied and established the dynamic adjustment mechanism of the first home loan interest rate policy, lowered the lower limit of the second home interest rate policy, and guided banks to reduce the interest rate of the first home loan. These policies and measures have played and are playing an active role in providing real estate financial services, stabilizing the reasonable financing demand of the real estate market and promoting the stable and healthy development of real estate.

Xiao Yuanqi said at the press conference of the State Council’s "High-quality Economic and Social Development of Financial Services" that in January this year, the Ministry of Housing and Urban-Rural Development and the General Administration of Financial Supervision jointly issued the "Notice on Establishing a Coordination Mechanism for Urban Real Estate Financing", requiring cities at and above the local level to establish a coordination mechanism for real estate financing, build a communication platform between government, banks and enterprises, and promote the accurate docking of housing enterprises and financial institutions.

Xiao Yuanqi said that at present, banks mainly have several channels for real estate financing: first, development loans to real estate enterprises and personal housing loans (mortgage loans). Up to now, the balance of development loans and personal housing loans is 12.3 trillion yuan and 38.3 trillion yuan respectively. In 2023, 3 trillion yuan of development loans and 6.4 trillion yuan of housing mortgage loans were issued respectively, which add up to nearly 10 trillion yuan, which is still very large. Second, banks invest in real estate corporate bonds. At the end of last year, the balance of bonds purchased by banks from real estate enterprises was 427.5 billion yuan, and the amount of bonds issued by banks investing in real estate enterprises was relatively large, which increased by 15% in 2023 compared with 2022. In addition, in 2023, banks also provided real estate enterprises with M&A loans and stock extension loans, which add up to more than 1 trillion yuan.

In terms of Baojiaolou, Xiao Yuanqi said that we actively cooperated with the Ministry of Housing and Urban-Rural Development and the People’s Bank of China to provide financial support. By the end of 2023, most of the special loans of 350 billion yuan for "guaranteed delivery building" have been put into the project, and commercial banks have also provided corresponding commercial supporting financing to ensure the completion of the task of "guaranteed delivery building".

Xiao Yuanqi said that the General Administration of Financial Supervision will guide financial institutions to make full use of the existing financial support policies, continue to do a good job in real estate financial services, maintain the overall stability of real estate credit, meet reasonable financing needs, and contribute to the stable and healthy development of the real estate market.

In addition to the real estate sector, media, building materials, light industrial manufacturing, environmental protection and other sectors also rose in the top.

The concept of "Chinese prefix", which rose sharply yesterday, surged in the morning session. The Wind Chinese prefix central enterprise index once rose by more than 1%, and then the increase was significantly narrowed.

In terms of trading stocks, Shenzhen China A rose 8.13% in the morning, and once again had a daily limit. If today is included, the stock has touched the daily limit for 14 consecutive trading days.

Last night, Deep China A issued an announcement on the reply to the letter of concern of Shenzhen Stock Exchange. According to the announcement, as of January 25, 2024, the closing price of the company’s A shares was 13.53 yuan/share, and the short-term change of the company’s A shares deviated greatly from the Shenzhen A-share index in the same period, which was higher than the increase of companies in the same industry in the same period. There may be irrational speculation risks. Investors are advised to fully understand the trading risks in the secondary market, make prudent decisions and invest rationally.

According to the announcement, after consulting the website data of CSI Index Co., Ltd., as of January 25, 2024, the latest rolling P/E ratio of textile, apparel and jewelry in the CSI industry classification 2530 of the company was 15.57 times; The latest rolling P/E ratio of C37 railway, shipbuilding, aerospace and other transportation equipment manufacturing industry, which belongs to the CSRC, is 29.49 times. The current P/E ratio of the company’s A shares deviates significantly from the industry average. Investors are advised to pay attention to trading risks, make prudent decisions and invest rationally.

The announcement also stated that from January 9, 2024 to January 25, 2024, the cumulative increase of the company’s A-share price was 202.68%. Since the company’s current fundamentals have not changed significantly, the recent share price increase does not match the company’s fundamentals. The stock price may be influenced by multiple factors such as macro-environment, market environment, industry development, company operation and investors’ preferences. Investors are advised to pay attention to trading risks, make prudent decisions and invest rationally.

At the same time, the company also faces the risk of price fluctuation of main raw materials, the risk of intensified market competition and the risk of falling market demand.

Xuchang Smart, a new stock, once rose more than 100% in the morning session.

Today, there is a new stock listed in the A-share market, which is Xuchang Intelligent. The stock once rose more than 100% in the morning session.

According to the prospectus, the main business of Xuchang Intelligent is the research, development, design, assembly, sales and service of intelligent power distribution products and new energy products and systems, as well as the general contracting business of power engineering. The main products and services include: high and low voltage switchgear and intelligent switchgear, distribution automation equipment, intelligent distribution system and intelligent components, rail transit power equipment, power engineering general contracting business, new energy solutions, processing services and others. The company has the ability to provide integrated solutions such as intelligent power distribution products and systems, urban rail transit power supply, "one-stop" power general contracting, smart community, energy cloud platform, electric vehicle charging and replacing, data center, energy efficiency management system, microgrid energy storage system, and integrated optical storage and charging system.

The company’s products are widely used in municipal engineering, rail transit, energy and electricity, data communication, industrial and mining enterprises, real estate, low-carbon parks and other fields, in the State Grid Smart Grid Research Institute, Beijing Metro, Shijiazhuang Metro, Zhengzhou Metro, Nanchang Metro, Zhengzhou East Railway Station, Chongqing West Railway Station, Beijing Daxing International Airport, Zhangbei Scenery Transmission and Storage Demonstration Project, Beijing World Expo, Beijing Winter Olympics, Guodian Pingtan Comprehensive Smart Energy Demonstration Project, and China Construction Seventh Bureau.

Editor: Zhu Yumeng

Reporting/feedback

The truth of history is never as simple as that in textbooks.

Message from the article:

Hey, friends, today I want to share with you a magnificent historical story, a legend that happened at the end of the Qing Dynasty. This is a story about railways, financial difficulties, business decisions and the fate of the country. Perhaps in this story, you can feel the vicissitudes of time, people’s exploration of the future, and the unique social features of that era. Without further ado, let’s travel through time and listen to that stirring history.

Event content:

The story happened in 1911, at the end of the Qing Dynasty, when I was in Xuantong for three years, on the tenth day of the fourth lunar month.

In the face of financial difficulties, the Qing Dynasty carried out an initiative called "Railway State-owned Policy". The core content of this policy is to recover the right to build trunk railways, only allow private companies to build branch railways, and cancel the approved trunk railway construction plan, and make corresponding compensation and redemption.

Behind the implementation of this policy is the urgent need of the Qing government’s own financial pressure. The construction of the railway required huge capital investment, and the Qing government was faced with the problem of foreign debt and had to pay huge compensation. Under such circumstances, the government tried to introduce financial support from foreign banks through the mode of "official supervision and commercial operation", but it encountered unfavorable loan conditions, which made the financial difficulties more and more severe.

However, people’s doubts about the future of the railway have also become the problem. In 1903, the Qing government promulgated the Concise Regulations of Railways, trying to introduce private capital and set up private railway companies. However, these companies are facing enormous challenges, including high construction costs, financing difficulties and slow profit returns.

Take the Beijing-Zhangjia Railway and the Beijing-Hanzhou Railway as examples, their construction cost a huge amount of money, which brought heavy financial pressure to the Qing government. The government tried to solve the financial problem by borrowing from foreign banks, but it encountered unfavorable conditions, which made the financial difficulties more and more serious.

At the same time, despite the promulgation of "Concise Regulations on Railways" to try to introduce private capital, this attempt has not achieved remarkable results due to the uncertainty of the people about the railway prospects.

In the face of difficulties, private railway companies have also fallen into a series of problems. For example, the scale of investment in sunning railway is huge and it is difficult to raise funds. The profit return of railway construction is relatively slow, and some railways even lose money because of insufficient passenger and cargo. At the same time, some companies only consider making money in line planning, ignoring political and strategic factors, which leads to some unscientific planning, such as the loss of Zhangxia Railway.

In Sichuan, the "road protection movement" has become another difficult problem. Because Sichuan is closed and conservative, and its understanding of railways is vague, Chuanhan Railway Company is facing various problems and "stock leasing" arrangements in this area. This series of difficulties makes private railway companies fall into a difficult situation.

The plight of Sichuan-Han Railway Company became more and more serious, and it was finally forced to reform, transform into a business-run model and introduce private capital. The company’s share capital increased to 22 million, however, this did not solve the problem. The imperial court implemented the policy of "state-owned railway" and determined that the share capital of Chuanhan Railway Company could only be calculated according to 8 million taels.

This decision caused dissatisfaction and controversy among major shareholders.

The major shareholders tried to put the blame on the court through public opinion operation, and played up patriotism. The "Railway Protection Movement" and Wuchang Uprising broke out in Sichuan, which became the climax of the whole incident. In the end, the Qing Dynasty perished. However, the policy of "state-owned railways" did not end, but developed into an opportunity for China’s powerful railway network.

The whole summary:

Through this historical story, we have witnessed the rise and fall of an era. At the end of the Qing Dynasty, faced with financial difficulties, the government tried various ways to solve the problem of railway construction funds, including the mode of "official supervision and commercial operation" and the introduction of private capital.

However, these attempts are faced with great difficulties, which leads to the delay of railway construction.

Private railway companies have been established, but they are faced with a series of challenges, such as insufficient funds, difficult profit return and route planning problems. The reform of Chuanhan Railway Company failed to reverse the predicament, which eventually led to the demise of the Qing Dynasty. However, the policy of "state-owned railway" continued to develop after its demise, which became an opportunity for railway construction in China.

The whole incident reflected the complicated social contradictions and the intertwined political and economic relations at that time. Financial difficulties, the introduction of private capital and the challenge of railway construction all affect the fate of the whole country.