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　　On July 11th, 2024 (23rd) China Internet Conference hosted by internet society of china closed in Beijing. Internet society of china released the China Internet Development Report (2024) at the closing ceremony (hereinafter referred to as the Report).

　　According to the Report, since 2023, China’s Internet industry has thoroughly implemented the spirit of the 20th Party Congress and resolutely implemented strategic plans such as the Overall Layout Plan for the Construction of Digital China. China’s network infrastructure construction has become increasingly complete, key cutting-edge technologies have been innovated and developed, the digitization level of key areas has been steadily improved, the comprehensive network governance framework has been accelerated, the network security industry has developed at a high quality, and the development of digital China has shown a good trend.

　　Specifically, China’s Internet industry presents the following development characteristics: First, in terms of basic resources and technologies, the construction of new information infrastructure such as 5G and Gigabit optical fiber networks in China is becoming more and more complete, the scale of IPv6 users and traffic of the next generation Internet is significantly improved, the construction of satellite Internet is progressing steadily, and the service capacity of optical fiber broadband network is continuously enhanced; Computing infrastructure construction has reached the world’s leading level, the proportion of intelligent computing power has increased to 30%, and the scale of cloud computing market has grown rapidly; The overall management system of data elements is more perfect, and it is a consensus to promote the development of data elements by classification; The application process of artificial intelligence industry continues to advance, and various service models gradually emerge, and the demand for high-quality data is increasingly prominent; The number of mobile Internet of Things users has increased significantly, and the application of Internet of Things has entered a period of large-scale explosion. Second, in terms of Internet applications and services, the industrial Internet has entered a new stage of large-scale development, and the number and reality are deeply integrated to serve the new industrialization construction; The e-commerce market is growing steadily, and the new kinetic energy of digital consumption is getting stronger and stronger; The business transaction application mode format continues to iterate, and new formats such as cross-border e-commerce have developed rapidly; The scale of digital entertainment users continues to climb, AIGC empowers the development of digital entertainment, and vertical large-scale model applications have landed. Third, in terms of network governance and environment, the Internet governance system has been further improved, and grassroots social governance has increased "number" and "wisdom"; The network security industry has entered a stage of rapid growth, and digital security has become a strategic guarantee for digital development.

　　Looking forward to the future, China’s Internet industry will continue to thoroughly implement the requirements for the construction and deployment of digital China. First, the construction of digital infrastructure will be further accelerated, and the deployment of new network infrastructure represented by 6G and satellite Internet will be accelerated, the layout of computing infrastructure will be further optimized, and the allocation of computing resources will be more reasonable and orderly. Second, digital technology innovation will gradually push the Internet towards intelligence. The implementation of "Artificial Intelligence+"and the rapid development of multi-modal large models will promote the new generation of artificial intelligence technology to accelerate the expansion of application scenarios. Third, the core role of algorithms, computing power and data will be more prominent. The demand for computing power development will promote the continuous improvement of independent research and development and manufacturing capabilities of high-end chips. Data resources will be coupled with artificial intelligence technology, constantly spawning new industries, new models and new formats, and generating new economic growth points. Fourth, the Chinese-style network governance framework will be accelerated, and the governance of key areas such as artificial intelligence and new technologies will gradually move towards institutionalization and legalization. The regulatory framework and principled governance rules will be more clear, and the multi-sectoral joint governance pattern will gradually take shape. Fifth, the application of industry integration will empower the interconnection of values, promote the further integration of key elements such as people, machines and data, and accelerate the digitalization and intelligent upgrading of manufacturing. Sixth, the space for international cooperation in the digital field will be further expanded, the construction of the "Digital Silk Road" will continue to advance steadily, and the scope of "Silk Road E-commerce" partner countries will be further expanded.

　　Regarding the "new network infrastructure represented by 6G and satellite Internet" mentioned in the Report, Pan Helin, a member of the Information and Communication Economy Expert Committee of the Ministry of Industry and Information Technology, said in an interview that the new network infrastructure is newer, faster and larger than the existing network infrastructure. In the field of wireless communication, 6G is new and 5G is existing; Satellite Internet is new, and ground base station communication is existing. 6G not only pursues higher data transmission speed, but also pays more attention to the intelligence, ubiquity and security of the network, aiming at realizing the seamless connection of air, space and sea integration. The satellite Internet provides high-speed Internet access services around the world through LEO satellite constellations to solve the problem of insufficient ground network coverage. The deployment of this kind of infrastructure means that the information and communication technology is evolving towards the goal of higher dimension, wider coverage and deeper integration. At the same time, it also means that China’s communication infrastructure will keep up with the world’s most advanced technical fields and maintain the leading position of communication network performance in the world, thus better empowering China’s economic and industrial development. (Author Su Deyue)

According to chengdu research base of giant panda official micro-news, recently, under the constant popularization of science and guidance of the panda base, media, caring people and fans, the tour order of the park has gradually become orderly. We are deeply grateful for the pertinent suggestions and help from people from all walks of life! However, during the tour of the panda base,It is still found that some tourists have uncivilized behavior, which is now reported as follows.

Yao Moumou (female, 47 years old), born on April 11, 2023.Throw things into animal houses and other places in the park., destroying the environment, violating the relevant regulations of the panda base for the first time, and has signed a written commitment letter for civilized visit.

Li Moumou (male, 41 years old) was in the park on March 27, 2023.Conduct live webcasts,For the first time, I violated the relevant regulations of the Panda Base and signed a written commitment letter for civilized visit.

Yi Moumou (female, 47 years old), since April 11, 2023.Distribute leaflets in violation of regulations in the park,For the first time, I violated the relevant regulations of the Panda Base and signed a written commitment letter for civilized visit.

Here, Pangda advocates that all tourists and friends practice civilized conventions during the visit, obey the arrangement of the on-site staff and work together to protect the cute giant panda.

For these uncivilized tourists,

Netizens are angry:

Heavy penalty, blacklisted

China Consumer News reports(ReporterWu Bofeng) "Since I started my business, I have been suffering from sub-health problems for a long time. However, since I set foot in the field of new energy vehicles, I took an hour’s nap in Skyworth’s car at noon every day, and all the sub-health problems almost disappeared…" A few days ago, at the 20th Summer Annual Meeting of Yabuli Entrepreneurs in 2024 (Hereinafter referred to as the Summer Annual MeetingThe remarks made by Huang Hongsheng, founder of Skyworth Group and founder of Kaiwo New Energy Automobile Group, have aroused widespread debate.

This is not the first time Huang Hongsheng has publicly promoted the health benefits of Skyworth cars. Earlier, he claimed that the life of Skyworth cars has been extended by 30 years, and every owner can enjoy a 100-year life. During this year’s Beijing Auto Show, he said that Skyworth electric vehicles can relieve high blood pressure, improve immunity and eliminate habitual diarrhea. Skyworth once issued an "Instructions on False Comments on the Internet" on its official Weibo, saying that "the information transmitted on the Internet is taken out of context, maliciously pieced together, seriously misleading the public, and does not match the health technology that the company has always advocated, and does not match the content publicly shared by founder Huang Hongsheng."

In a short period of time, Skyworth’s repeated marketing around the topic of "health" has attracted much attention from all parties in the market.

Beijing’s only distributor office is deserted and suspected.

Skyworth Automobile is a brand-new new energy vehicle brand, backed by Kaiwo Group, dedicated to creating a new generation of intelligent, environmentally friendly and technological new energy vehicle products.

A few days ago, a reporter from China Consumer News called the Skyworth Automotive Client Server hotline to inquire about the relevant "health" function information. The other party said that "the relevant content is not very clear, please consult the local dealer for details". Subsequently, the reporter found in the dealer information of Skyworth Automotive’s official website that there is one Skyworth automobile dealer and two service providers in Beijing, of which Beijing Game Star Automotive Sales and Service Co., Ltd. is the only dealer of Skyworth Automotive in Beijing.

At 4 PM on September 4, the reporter went to Beijing Game Star Auto Sales and Service Co., Ltd., located in the Beichen Asian Games Village Auto Trading Market in Dongsanqi, Changping District, Beijing, and saw that during business hours on weekdays, the store was empty, all the lights in the store were turned off, and only a car-clothed exhibition car was alone in the exhibition hall, in sharp contrast to the busy scene of surrounding car dealers and used car sellers.

Skyworth’s only dealership in Beijing was empty during business hours.Wu Bofeng/photo

The reporter saw in the store that there were several Skyworth EV6 color page information and a sales consultant’s business card on the table, but no other information was displayed. The reporter immediately called the sales consultant and got a reply that "the number is empty".

A nearby merchant told reporters that due to the average operation of the store, the company is basically deserted after noon every day, and it is normal not to open the door all day.

On September 5, the reporter reported the situation to Skyworth Automotive customer service. The other party said that the dealer was applying for a refund. It was recommended that the reporter contact the Tianjin Longxiang Skyworth Experience Center, which is closest to Beijing.

The 10,000 yuan health optional package only has monitoring function.

A salesperson at the Skyworth Experience Center in Longxiang, Tianjin, told reporters: "The boss pays more attention to the concept of car-family integration, so health and wellness are one of the characteristics of our products, and using the vehicle will help human health." According to its introduction, Skyworth Automobile has just launched a health 3.0 optional package, including car health cushions, sleeping pillows and cameras to monitor people’s heart rate. The cost price is about 10,000 yuan. "If you want higher health quality in the car, you can choose to buy this optional package, which can be carried on all Skyworth vehicles," the salesperson said.

The so-called health 3.0 optional package is actually a health monitoring system that can monitor sleep, blood oxygen, heart rate and other multi-dimensional health indicators. Installing tools to monitor life and health indicators on cars is not a professional medical apparatus. It only has monitoring functions and cannot achieve therapeutic effects. According to reports, the system can carry out health warnings by comparing the data collected daily with the collected database. Abnormal data indicates that there is a problem with the body. If there is a serious abnormality or the body is really unwell, you can call an online doctor or an emergency doctor through the car phone.

During the interview, the reporter repeatedly asked Skyworth Automobile and its dealers whether there was any evidence and scientific test basis. All parties of Skyworth Automobile responded to the question on the grounds of "personal feelings".

"Health preservation" is a selling point that misleads consumption and costs a lot.

It is understood that the predecessor of Skyworth Automobile was named Tianmei Automobile, and later obtained the trademark of Skyworth Automobile from Skyworth Group and began to enter the public eye. However, the overall sales of Skyworth Automobile are not ideal, with an average monthly sales of about 1,000 vehicles since 2023. In the crash test results released by China Automotive Evaluation, one Skyworth model only received a one-star rating, out of five stars. Scores in occupant protection and active safety were completely unqualified, and in side column collisions and multiple active safety tests, it scored zero points.

Leaving aside the product aspect, there is a view that even if the statement of the founder of Skyworth Automobile has not been verified, it is only a verbal statement, and there is no need to bear any legal responsibility for it. But is this really the case?

In an interview with China Consumer News, lawyer Zhao Lijie of Beijing Yinghe Law Firm pointed out that the "Anti-Unfair Competition Law" stipulates that "business operators shall not make false or misleading commercial propaganda about the performance, function, quality, sales status, user evaluation, and honor of their products, and deceive or mislead consumers."; the "Consumer Rights Protection Law" stipulates that "business operators provide consumers with information about the quality, performance, use, and validity period of goods or services, which shall be true and comprehensive, and shall not make false or misleading propaganda."

Zhao Lijie also said that when companies promote such functions related to health improvement, they must ensure that the functions they advertise are supported by reliable scientific evidence and actual results, so as to avoid causing legal and trust crises due to exaggerated false claims.

　　Xinhua News Agency, Chengdu, April 6 (Reporter Yu Li, Feng Changyong) The reporter learned from the China Giant Panda Conservation and Research Center, which has the largest captive giant panda population in the world, that the center has completed nearly half of the breeding and breeding tasks of captive giant pandas this year, and the giant panda breeding has entered a peak period.

　　By the end of 2015, the number of captive giant pandas in the center had reached 218. Zhang Guiquan, director of Ya ‘an Base of China Giant Panda Conservation and Research Center, said that this year, 26 female pandas and 19 male pandas participated in the national captive giant panda breeding program. Since the first female panda was bred in late February, as of April 6, 10 female pandas have been bred. Among them, 6 were bred by natural mating, the other 2 were bred by natural mating with artificial insemination, and the remaining 2 were completely artificially inseminated.

　　"So far, this year’s breeding work has been completed well. The biggest feature is that the natural mating rate is relatively high, and the pregnancy rate of female pandas that have successfully mated naturally is over 90%, which is a good momentum for this year’s breeding work." Zhang Guiquan said.

　　"Under the current captive conditions, the number of male giant pandas with natural mating ability is very rare, accounting for less than 5% of the population. This year, the center belongs to the 7-year-old male giant panda ‘ An An ’ The first successful natural mating at Ya ‘an base on February 29th marks the addition of a male animal with natural mating ability to the captive giant panda population, which also shows that the quality of our captive giant panda population is constantly improving. " Zhang Guiquan said.

　　According to reports, at present, the artificial breeding of captive giant pandas in China is included in the unified planning, and the optimal pairing is carried out according to the principle of eugenics, so as to ensure the genetic diversity of the population to the greatest extent. There are 56 female pandas participating in the breeding program this year, and more than one third of them are from the China Research Center for the Protection of Giant Pandas.

　　There are three major problems in the development of captive giant panda population: difficulty in estrus, difficulty in mating and conception, and difficulty in survival of cubs. According to zhangxin, the breeder of the center, giant pandas are in estrus every spring. With the increase of temperature, their hormone level, estrus behavior and mating desire will decrease from May, which will affect the mating quality. Therefore, March and April are the prime time for giant pandas to breed. In order to ensure that female pandas are pregnant, some will also receive artificial insemination as appropriate after natural mating.

　　In recent years, the artificial breeding of giant pandas in the center has been carried out at Bifengxia base in Ya ‘an. The reporter saw at the base on the 6th that the staff was preparing to breed the 7-year-old female panda "Jojo". Because Jojo’s estrus behavior was not typical enough, she was not allowed to mate naturally. In this regard, Zhang Guiquan said that this is a normal situation.

　　It is reported that female giant pandas not only have a short estrus time, but also need to mate with each other to be successful. If there is no electricity between pandas, mating may fail even during estrus. In addition, even if natural mating is successful, it is very difficult for female giant pandas to finally give birth to panda babies — — Their eggs can only survive for 36 to 40 hours. Even with breeding, only 30% to 40% of female giant pandas can get pregnant successfully, while the survival rate of their cubs is less than 40%.

　　[car home new car on the market] Recently, BMW officially announced (|) that it was officially launched for sale. The new car includes two versions, i4 eDrive40 and i4 M50.The price is 449,900 yuan and 539,900 yuan respectively..

『i4 eDrive40』

　　The design of the new car is similar to that of the BMW 4 Series, and the front face is a huge kidney grille with high recognition. The smooth coupe body design and the hatchback tailgate with strong practicability are expected to be attractive to young consumers. It is worth mentioning that the car will also come standard with M sports kit and star screen air intake grille.

『i4 M50』

　　For the i4 M50 version, the new car will adopt M aerodynamic components, blue M high-performance brake calipers, M family exclusive exterior rearview mirror design, M rear spoiler, M Performance exclusive cerium-gray exterior decoration, M Performance exclusive 19-inch wheels and M tricolor steering wheel stitching, etc., and can choose frosted Portiman blue exclusive car paint.

　　The interior level is also BMW’s latest design style. In front of the driver is a dual-screen composed of a 12.3-inch full LCD instrument and a 14.9-inch central control panel, with the latest iDrive 8.0 information system built in. The system can integrate more third-party applications, such as WeChat car version, Tencent mini-scene and Apple CarPlay. The new car will also have intelligent laser headlights, Harman/Kardon high-end audio system, automatic parking assistance system Plus with 360 panoramic parking images, active cruise control system, forward collision warning and emergency braking assistance, lane rectification assistance, etc. (some of them are equipped with M50 version).

　　In the power system, i4 eDrive40 is a single motor, with a maximum power of 250kW(340 HP), a peak torque of 420 Nm, an acceleration time of 5.7 seconds at 0-100km/h and a cruising range of 625 km under CLTC standards. The maximum power of the dual motors on the i4 M50 is 400kW(544 HP), the peak torque is 795 Nm, the 0-100km/h acceleration time is 3.9 seconds, and the maximum cruising range of the vehicle under CLTC standard is 560 km. (Text/car home Chen Hao)

　　By making good use of the powerful engine endowed by the era of big data, we can seize new opportunities, cultivate new kinetic energy, shape new advantages, and push China’s economy to ride the wind and waves in the digital tide and sail for a bright future of high-quality development.

　　Give birth to new formats, smooth the industrial chain, and let thousands of enterprises "count" into gold. Big data is the driving force for high-quality economic development; Data runs more and people run less errands, making "one network runs" and "one run" the norm. Big data is an "accelerator" to optimize the business environment and improve service efficiency; Dynamically reflect the development trend of economic and social indicators, multi-dimensional and multi-faceted reflect the effect of policies, making social management more refined and intelligent. Big data is the "golden key" to improve the modernization of social governance system and governance capacity … …

　　With the rapid development of digital economy, the huge "treasure" of data is showing unprecedented use value and development potential. During the epidemic prevention and control period, the data in transportation, communication, consumption, taxation, finance and many other fields were organically integrated, which provided effective guidance for epidemic monitoring, prevention and treatment, and resource allocation, helped epidemic prevention and control and resumed production, and became a successful practice for big data to promote economic and social development. The wide application of big data products such as "Health Treasure" has made a vivid data popularization for the whole society, highlighting the significance of big data as a basic strategic resource.

　　The historical experience of human social development shows that every major change in economic form often gives birth to and relies on new factors of production. Just as labor and land are the main factors of production in the agricultural economy era, capital and technology are important factors of production in the industrial economy era. In the digital economy era, data is gradually becoming a new factor of production that drives economic and social development. The Opinions of the Central Committee of the Communist Party of China and the State Council on Building a More Perfect System and Mechanism for Market-oriented Allocation of Factors released last year listed data as one of the five major factors of production, emphasizing the need to speed up the cultivation of the data factor market. Taking data as a factor of production shows that with the acceleration of digital transformation of economic activities, the multiplier effect of data on improving production efficiency is prominent. This is also an important change in the production factors with the most characteristics of the times. As one of the leading countries in the development of global digital economy, China should attach great importance to the important value of data as a new production factor, accelerate the transformation of big data into real productive forces, and inject new kinetic energy and vitality into economic and social development.

　　Make good use of big data, and open sharing is the foundation. The value of big data is first reflected in "big". The accumulation of data is a process from quantitative change to qualitative change. When the development and utilization of data are limited to a certain unit, an industry or a certain field, it will form an information island and it is difficult to play its effective value. To realize the orderly and effective opening of data information in the whole society, it is necessary to establish a public service system for the circulation of data elements, which includes "inter-departmental" data sharing, "government-enterprise" data opening and "enterprise-enterprise" data financing.

　　Using big data well, efficient configuration is the key. As a factor of production, data should be allocated according to the principle of marketization. Under the condition of socialist market economy, it is necessary to give full play to the decisive role of market in allocating resources, smooth the flow channels of data elements, ensure that different market entities have equal access to big data, and maximize benefits and optimize efficiency through market competition in accordance with market rules. At the same time, it is necessary to give full play to the role of the government, improve government regulation and supervision, create a fair market competition environment, and ensure the free flow, safe control and fair competition of data elements.

　　Make good use of big data and standardize according to law is the guarantee. Big data is a "double-edged sword". In the context of the continuous upgrading of information technology, problems such as privacy leakage and "killing" of big data have become increasingly prominent, which has made many people afraid of "counting" and even began to resist data collection and use. To deal with the new problems brought by big data, we must speed up the formulation of relevant laws and regulations and set good rules for the collection, storage, use and release of big data. There are no outsiders in information security. Big data is related to the vital interests of every member of society. Only by standardizing according to law can we foster strengths and avoid weaknesses, and constantly create a healthy, efficient, orderly and controllable big data development environment.

　　Big data contains big opportunities and drives the big future. By making good use of the powerful engine endowed by the era of big data, we can seize new opportunities, cultivate new kinetic energy, shape new advantages, and push China’s economy to ride the wind and waves in the digital tide and sail for a bright future with high quality development.

　　Biden can’t stop, and the world has to guard against it!

　　In order to boost the economy and compete with China, Biden has worked hard. No, not long after the $1.9 trillion COVID-19 bailout bill was passed, he wanted to build large-scale infrastructure, and it was $2.3 trillion at first.

　　However, the United States, the world’s largest "landlord", has no surplus food. Such a large sum of money can only be taken from the rich and enterprises in the United States, but how can the rich allow the new president to "operate on them"?

　　On April 1st, McConnell, the minority leader of the US Senate and a Republican, released malicious words to lead the Republican Party to fight to the end.

　　On April 1st, McConnell was interviewed by the media in Kentucky. Source: dailymail

　　But Biden has made up his mind and hopes that Congress will approve this $2.3 trillion infrastructure plan this summer. However, even if the cakes of the rich and enterprises are moved, this huge sum of money is still not enough.

　　Where did the rest of the money come from? More importantly, is this plan a revival or a trap for the United States and the world?

　　Want to bully the bow again?

　　After Biden announced his ambitious infrastructure plan, US stocks soared, and the S&P 500 index broke through the 4000 mark for the first time in history with the help of technology stocks.

　　But not everyone welcomes this new plan.

　　"Personally, I like Biden. I mean, we were friends for a long time." But this does not affect McConnell’s position on the infrastructure plan. After comparing Biden’s infrastructure plan to a "Trojan horse" with a hidden crisis, McConnell again rejected the new proposal of "old friends" on April 1. He said that the government did not get the authorization of voters, and then increased taxes on enterprises and the rich with annual incomes exceeding $400,000.

　　"My view on infrastructure is that we should build affordable infrastructure, instead of hitting the economy by substantially increasing taxes and not increasing the burden of national debt." McConnell said.

　　"There are huge differences between us, which makes it more and more difficult for us to reach a consensus." He said that Biden’s infrastructure plan will not be supported by any Republican senator. This means that if Biden wants to push the plan through, he must ensure that the Democratic senators are United enough and do not run for one vote.

　　Is it so yellow? Xu Mingqi, a distinguished researcher at Shanghai Institute of International Finance and Economics and vice chairman of Shanghai International Economic Exchange Center, believes that it is still possible for the Democratic Party to push the $2.3 trillion infrastructure plan through.

　　According to American media reports, it seems that the Democratic Party does not intend to bite the hard bone of the Republican Party. Instead, it plans to stage the scene of pushing the $1.9 trillion bailout bill again, start the legislative process of "budget coordination", bypass the Republican Party, and pass legislation by a simple majority.

　　Where did so much money come from?

　　Biden and the Democratic Party, who are eager to get the $2.3 trillion infrastructure plan approved this summer, have started the "I don’t listen, I don’t listen, I don’t listen" mode.

　　However, in addition to the Republican Party, there are also public opinions from all walks of life who question Biden.

Most Americans think that investing in infrastructure is right, but there are many disputes about the source and destination of funds. Source: GJ

　　Where the money comes from is a serious problem.

　　The Wall Street Journal shouted "Biden tax is coming". Although Biden did not specify whether the "annual income exceeding $400,000" was aimed at individuals or families, the commentary said that "the middle class in the United States will bear the largest tax increase since 1968".

　　Biden tax is coming. Source: wsj webpage screenshot

　　For American companies that have enjoyed the "welfare" of large-scale tax reduction since 2017, it is even more unacceptable to increase the federal corporate income tax rate from 21% to 28%, increase the minimum tax rate of overseas profits of American companies from 10.5% to 21%, and reduce the tax breaks enjoyed by fossil energy companies.

　　However, the tax increase is not enough to offset Biden’s self-proclaimed "unparalleled in the world" and "once in a generation" infrastructure costs. According to the calculation of Schneider, an analyst at Cornerstone Macro Consulting, the infrastructure plan will also lead to a cumulative increase of about 500 billion US dollars in the US fiscal deficit.

　　The federal government’s fiscal deficit, which has soared year after year, makes people worry about the risk of subprime mortgage crisis.

　　As long as "trillion" can recover?

　　"How did Biden become a president with a dollar sign ($)?" A commentary on the American political news network wrote, "But when all the money is spent, will anyone really feel the change?" Both the author of this article and the British newspaper The Guardian believe that Biden’s infrastructure plan may, in the end, be like the economic stimulus policy during the Obama administration. At first, he made lofty words with great ambition, but in the end, he "didn’t leave too many traces".

　　Of course, "change" will still happen, but it may not be the kind that Biden and Democrats want.

　　The American media pointed out that Biden’s new plan seems to create millions of jobs for the United States, but the substantially increased corporate tax rate will force enterprises to pass on costs.

　　At the same time, Americans themselves are not sure about the stimulus effect of infrastructure projects on the economy. Willcocks, who once led the domestic economic department of the Federal Reserve and served as a senior adviser to the chairman of the Federal Reserve, said that paying for infrastructure costs by "robbing the rich" would "greatly reduce the economic growth potential". Some economists believe that economic recovery in the post-epidemic era is a long process, and artificially stimulating the economy may lead to overheating, trigger a new round of inflation, and make consumer goods prices rise, the yield of long-term US government bonds rise, and even financial turmoil. In the end, ordinary Americans will be forced to pay for all the consequences.

　　Faced with these concerns, the Federal Reserve said that the government would effectively control the price increase, but former US Treasury Secretary Summers expressed doubts. In an interview with Bloomberg, he said that the hyperinflation experienced by the United States in the 1970s is no different.

　　Former us treasury secretary summers. Source: businessinsider

　　As for the impact of Biden’s "drastic measures" on the global economy after the $1.9 trillion rescue bill, Xu Mingqi said that due to the demand for infrastructure raw materials in the United States, it may play a certain role in pulling the global economy and promoting China’s export of related raw materials to the United States.

　　However, it is worth noting that inflation in the United States has started and negative economic effects have emerged, which will bring significant spillover effects and have a negative impact on the global economy.

　　Georgieva, managing director of the International Monetary Fund, recently warned that the accelerated economic recovery in the United States may lead to a rapid increase in interest rates, which will lead to a sharp tightening of the global financing environment and a large amount of international capital flowing out of emerging and developing economies. This will especially bring serious challenges to middle-income countries with huge external financing needs and high debt levels.

　　And global price increases will also be inevitable. The rising prices of oil, steel, nonferrous metals and other commodities will be transmitted to the downstream, which will lead to the general increase of household appliances and construction machinery, and the pressure of imported inflation faced by some economies will also increase.

　　This is not all. According to the US Political News Network, a $2 trillion money-throwing plan focusing on education and medical care is still on the way. Even so, some Democrats are still disgusted that the scale of money-throwing is not large enough.

　　Rep PraMilla Jayapal, a Democrat, thinks that the scale of the infrastructure plan should be even larger. Source: wsj

　　It seems that Biden can’t stop and the world has to guard against it.