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Bank of Japan raises interest rates, what is the market impact?

The Bank of Japan is expected to temporarily maintain a loose monetary environment. If the long-term interest rate rises rapidly, it may increase the purchase amount of Japanese government bonds and purchase fixed-rate products. The Bank of Japan will continue to buy Japanese government bonds, and the scale is basically the same as before.

Reporter | Cai Yuekun

Figure source | Figure worm creativity

After 17 years, the Bank of Japan announced a rate hike for the first time.

On March 19th, 2024, the Bank of Japan announced that it would raise interest rates by 10 basis points and raise the benchmark interest rate from -0.1% to 0-0.1%, which is the first time that the Bank of Japan has raised interest rates since 2007. While raising interest rates, the Bank of Japan announced the cancellation of the yield curve control (YCC) policy, the cancellation of the purchase of exchange traded funds (ETFs) and the cancellation of the purchase of real estate investment trusts (REITs). The Bank of Japan is expected to temporarily maintain a loose monetary environment. If the long-term interest rate rises rapidly, it may increase the purchase amount of Japanese government bonds and purchase fixed-rate products. The Bank of Japan will continue to buy Japanese government bonds, and the scale is basically the same as before.

This move has aroused widespread concern in the international arena. Japan has ended the negative interest rate policy that lasted for eight years, and the era of global "negative interest rate" has ended. What impact will this bring to the market?

According to the analysis of China Merchants Securities, for global liquidity, the Bank of Japan’s contraction may have an impact on overseas bonds (especially US bonds). Since Japan implemented QQE (quantitative and qualitative financial easing policy) in 2013 and introduced negative interest rate and YCC policy in 2016, Japanese financial institutions have significantly reduced their holdings of overseas assets such as Japanese bonds and increased their allocation of US bonds in order to obtain higher yields. If these funds flowing out of Japan since 2013 return to Japan, or have a certain impact on overseas bonds such as US Treasury bonds and US credit bonds.

The era of global "negative interest rate" ended.

In the past few years, the Bank of Japan has been the only central bank in the world that has maintained negative interest rates. This interest rate hike marks the official end of the era of negative global interest rates.

Looking back at history, Denmark is the first country in the world to implement a negative interest rate policy. At that time, many European countries were in debt crisis. Faced with continued economic weakness, after the European Central Bank began to cut interest rates, the Danish central bank reduced its deposit interest rate to below zero in July 2012 to defend the Danish krona exchange rate.

In June 2014, the European Central Bank started the negative interest rate agenda in Europe, and the 10-year bond yield in the euro zone entered the negative interest rate range in 2016 and 2019. In June 2014, European Central Bank President Mario Draghi announced that the euro zone had entered the era of negative interest rates and cut the overnight deposit rate to -0.1%.

In February 2016, the Bank of Japan began to implement the negative interest rate policy. Since January 2019, global trade frictions and protectionism have impacted the global growth prospects, Japan’s economy is in a downturn, and the dovish measures of the Bank of Japan have jointly pushed the yield of Japan’s 10-year government bonds into a negative range and further declined.

Negative interest rate policy means that the central bank sets the policy interest rate to a negative value. In other words, when the central bank borrows money from commercial banks, it not only does not charge interest, but pays interest. Why do central banks use negative interest rates and what is the nature of negative interest rates?

Pan Xiangdong, New Era Securities, said that countries’ implementation of negative interest rate policies mainly takes into account two dimensions: on the one hand, global trade frictions have escalated, and economic growth has slowed down. At this moment, the inflation level is lower than the target level set by central banks, and even deflation has occurred in some areas. In order to stimulate domestic investment and consumption, banks in various countries have adopted negative interest rates to promote domestic economic recovery; On the other hand, negative interest rates will help stabilize the exchange rate, reduce the pressure of local currency appreciation, improve the trade balance, stimulate exports in the short term, and slow down the impact of overseas economies on the domestic economy.

Generally speaking, central banks around the world announce negative interest rates in order to stimulate commercial banks to increase loans and reduce loan interest rates, thus promoting investment and consumption of enterprises and consumers and promoting economic growth and inflation. However, the effect of Japan’s negative interest rate policy is not ideal.

According to the data of the Bank of Japan, from 2016 to 2020, the average growth rate of Japan’s real GDP (gross domestic product) was only 0.8%, far below the level of other developed countries. In the same period, Japan’s core CPI (Consumer Price Index, the data here excludes food and energy) increased by only 0.4% on average, which is far below the Bank of Japan’s target of 2%. Moreover, due to the COVID-19 epidemic, Japan’s real GDP dropped by 4.8% and its core CPI dropped by 0.2% in 2020, and Japan fell into deflation again.

On July 21, 2022, the European Central Bank announced that the three key interest rates would be raised by 50 basis points, and the deposit mechanism interest rate would be raised to 0%, which marked the end of the negative interest rate era in Europe in the past decade. Because McLean’s system linked to the euro usually follows the interest rate decision of the European Central Bank step by step, the Danish central bank also raises interest rates and bid farewell to the negative interest rate policy.

Behind the Bank of Japan’s Policy Turn

On March 19th, Bank of Japan Governor Ueda said at a news conference that he decided to adjust the monetary policy because the inflation rate of 2% was about to be realized, and the interest rate level would be determined according to the economic situation.

Ping An Securities believes that the Bank of Japan Governor’s speech pointed to the rise of inflation expectations, which promoted the policy shift. In addition, this round of inflation began with the increase of global commodity prices and the imported inflation brought about by the widening spread between Japan and the United States. At the same time, Japan’s domestic demand recovered after the epidemic, the labor market gradually strengthened, and inflation expectations gradually increased, which promoted the inflation level in the service sector.

According to the data of the Bank of Japan, as of March 19, 2024, the core CPI (excluding fresh food) that the Bank of Japan is concerned about has remained above the target level of 2% for 22 consecutive months.

In addition, in the labor market, the spring salary negotiation between Japanese enterprises and trade unions (also known as the "spring fight" in the market) has also attracted much attention. Ping An Securities pointed out that the wage increase of "Spring Fight" in Japan is obvious, which will help to continue the persistence of this round of reflation and promote the formation of a virtuous circle of salary and inflation.

On March 15th, Rengo, Japan’s largest trade union federation, announced the preliminary results of the "Spring Fight". The average wage increase of trade union members was 5.3%, the biggest increase since 1991, significantly higher than last year’s 3.8% and the market expectation of 4.5%-5.0%.

Ping An Securities said that this preliminary result only covers half of the trade union members, and mainly large enterprises. According to the experience of last year’s "Spring Fight", the wage increase of small enterprises is not as high as that of large enterprises, and the final "Spring Fight" result may be slightly lowered. For example, the preliminary result of "Spring Fight" in 2023 was 3.8%, and the final result was 3.6%. However, even if the final result of "Spring Fight" is lowered, it will still be higher than last year’s result, or it will prolong the persistence of this round of reflation and promote the formation of a virtuous circle of salary and inflation.

Bai Xue, an analyst at Oriental Jincheng Research and Development Department, said that the Bank of Japan raised interest rates for the first time since February 2007, mainly because Japan’s inflation rate has rebounded significantly since 2022, thus breaking the long-term dilemma of structural deflation-that is, Japan’s long-term implementation of negative interest rates.

Bai Xue believes that in the context of Japan’s strong economic trend, Japan’s CPI rose by 2.5% and 3.2% in 2022 and 2023 respectively. In January 2024, Japan’s CPI rose by 2.2% year-on-year, exceeding the central bank’s policy target of 2% for 22 consecutive months; Core CPI rose by 3.5% year-on-year, exceeding 3% for 14 consecutive months. In addition, the results of the salary "spring fight" negotiation in 2024 greatly exceeded expectations, and the salary increase in fiscal year 2024 will reach 5.28%, which is not only much higher than the 3.8% in 2023, but also the biggest increase since 1991-which means that Japan’s inflation will continue to remain above the policy target this year. Therefore, the expected realization of inflation level is the main reason to support the Bank of Japan to make major adjustments to monetary policy and withdraw from the negative interest rate policy.

What is the market influence geometry?

After the announcement of the interest rate decision on March 19, the Bank of Japan stated that it would continue to buy bonds. In the foreign exchange market, the yen weakened, and USD/JPY rose in a short period, approaching the 150 mark. Japanese stocks rose by 0.66% in the day, and the Nikkei 225 index broke through 40,000 points again.

Ping An Securities analyzed that the actual impact of the market will highly depend on how the Bank of Japan publicizes the "next step" of policy interest rates. The actual impact of a single interest rate hike is relatively limited, and the key lies in the market’s judgment on the subsequent interest rate hike path. If a faster and more continuous interest rate hike is expected, the market reaction may be strong, the yen may appreciate rapidly, and both stocks and bonds will be affected; If the Bank of Japan can convince investors that "zero interest rate" may last for a long time and the upward pace of policy interest rate is slow, the market reaction may be relatively limited, the yen may remain weak, and the stock and bond markets are expected to remain relatively stable.

Ping An Securities believes that after the zero interest rate, the Bank of Japan will be cautious about continuing to raise interest rates, and will actively communicate with the market to minimize the market fluctuations caused by the subsequent policy shift.

Regarding the impact on Japanese yen assets, Ping An Securities judged in the research report that, first of all, if the yen does not appreciate significantly, the impact on Japanese stocks will be limited. The relatively weak yen not only helps to consolidate the overseas business income of Japanese companies, but also helps overseas stock investors to control financing costs. It is expected that the yen exchange rate and Japanese stocks will still maintain a positive correlation. Secondly, in the face of high return on stock investment, the limited upward trend of Japanese deposit interest rate and bond interest rate may not be enough to make investors give up Japanese stocks. As of March 18, 2024, the Nikkei 225 index has increased by 18.8% during the year, and the annualized rate of return in the past decade has reached as high as 10.7%. Since the beginning of this year, the highest price-earnings ratio (PE) of the Nikkei 225 Index is 23.2 times (March 6). Assuming that the 10-year Japanese bond interest rate rises to 1%, the risk premium level of Japanese stocks (the difference between the reciprocal of the P/E ratio and the 10-year Japanese bond interest rate) is still as high as 3.3%, indicating that the price-performance ratio of Japanese stocks relative to Japanese bonds is still high.

What is the impact of Bank of Japan’s interest rate hike on A-share market? China Merchants Securities believes that, in theory, Japan’s interest rate hike will guide some funds to flow out of emerging markets that absorb more Japanese capital and return to Japan in the short term. For the A-share market, overseas investors may still prefer to choose A-shares because of the outstanding valuation cost performance ratio of the current A-share weight index and the marginal improvement of domestic economic fundamentals. At present, the adjusted Shanghai and Shenzhen 300 and CSI A50 have low valuations in the global mainstream index, high dividend yield and high safety margin of A-share weighting index. With the moderate recovery of the domestic economy and the policy shift of the Federal Reserve, foreign capital is expected to continue to flow back, thus boosting the growth style of the A-share market. For Hong Kong stocks, the hard link between the Hong Kong dollar and the US dollar, Japan’s interest rate hike and the appreciation of the Japanese yen against the Hong Kong dollar have a short-term or slight impact on Hong Kong stocks.

Original title: "Bank of Japan raises interest rates, what is the market impact geometry? 》

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When the sense of history hits the technical stream, the costume drama becomes popular.

  Yuyuan Zatan

  With the rapid development of Internet technology, watching dramas online has become one of the main forms of "brushing videos", and film producers are increasingly inclined to shoot and produce online dramas. In recent years, China has set off a "network drama craze" — — Joy of Life’s "He Lai Hua Ting" and "Daming Fenghua" and other unique online dramas of ancient costumes were broadcasted on major video platforms at the end of the year; Fan Xian, Xiao Dingquan, who has not only grown up in adversity, and Sun Ruowei, who is dignified and beautiful, are vividly interpreting gripping stories on mobile phones, tablets and other terminal devices.

  The costume online drama, as its name implies, is a costume drama series released on the online platform. Behind its maturity, richness and popularity, it is inseparable from the two key elements of "network" and "ancient costume".

  As an artistic variety with a long history, the difference between online drama and screen TV drama is that it can be improvised by the audience at will, and it has the advantages of being fast and convenient, so it is deeply favored by young netizens. With the development of time, there are more and more phenomena of simultaneous broadcasting of online dramas and TV stations. In recent years, the phenomenon of "backstage first" has gradually appeared, and some dramas are broadcast on the network platform first, and then purchased and broadcast by the satellite TV platform.

  Of course, in addition to being fast and convenient, the biggest advantage of online drama is its interactivity and technical flow. You can send a barrage of expression packs to let viewers express their views or feelings concisely while watching the drama; The AI facial recognition function allows the audience to get the player information of the role in the play with one click; The double-speed playback function allows the audience to quickly understand the development of the plot without "skipping"; The function of "only watching Ta" helps the audience to screen out the characters and plots they want to see … …

  However, costume drama has always been an important part of domestic TV dramas. Compared with almost all modern American TV dramas, costume drama, which occupies at least half of the domestic dramas, is definitely unique in China.

  Looking back at the creation of costume online dramas in recent years, representative works have appeared in the dramas depicting the four dynasties of Tang, Song, Ming and Qing: The Longest Day In Chang’an not only tells the wonderful story of "defending Chang ‘an", but also shows the prosperity and beauty of the prosperous Tang Dynasty; Based on the real characters and stories in history, Daming Fenghua depicts a period of ups and downs of Daming history; "Story of Yanxi Palace" recreates the life of the Qing Dynasty … … All these details make the audience appreciate the beauty of Chinese costumes, etiquette, language and calligraphy step by step, which fully shows the connotation of Chinese classical culture and invisibly enhances our cultural self-confidence. This can be confirmed by many Hanfu fans nowadays.

  For a long time before, China’s film and television media have been in the stage of imitation, and there has been a lack of well-defined expression. Nowadays, excellent online dramas are unique in creation. The pursuit of truth, goodness and beauty and the high restoration of historical atmosphere have become the new direction of exploration of costume dramas, which is conducive to the audience to learn historical wisdom and enhance aesthetic cultivation.

  There are many materials that can be used in China’s 5,000-year culture. The theme of ancient costume is still an important position in the creation of online drama. Respecting historical logic, reflecting historical features and carrying forward traditional culture must be the goal that creators consciously pursue.

  In fact, whether it is costume drama, modern drama or modern drama, the creative logic should be settled in real life, as Chengxiang Zhong, chairman of the Chinese Literary Critics Association, said: "We should weave stories on the basis of respecting history and tell them well from the beginning of creation ‘ China story ’ The original intention is to create historical works with realistic spirit. "

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"Mom" exposure! Huang Meiying subverts the image and formally joins Lost in Russia.


1905 movie network news  On December 16th, the latest masterpiece of Xú Zhēng’s "Embarrassing Series" released a special edition of "Embarrassing the Way of Mother Treasure". Officially, Huang Meiying was declared as the actor of "Embarrassing Mom", and the long-awaited role of "Embarrassing Mom" was finally exposed. Huang Meiying once appeared in familiar film and television works such as "Desire" and "Golden Family".

In the special edition, Huang Meiying’s "Embarrassing Mom" Lu Xiaohua and Xú Zhēng are arguing over whether to perform in Moscow, and there are many jokes. Taking turns to feed, the constant embarrassing theory of golden sentences, and the unique embarrassing brain hole made Xú Zhēng unable to cope. It is reported that, as an actor of Bayi Studio, joining Lost in Russia this time is also a work of Huang Meiying’s return for five years. She said: "I haven’t acted for many years. After reading the script, I really like it and am very surprised. I think I have a lot of resonance with the characters in the script." The film will be released nationwide on New Year’s Day in 2020.

 

Xú Zhēng’s embarrassing mother finally revealed. 

In Huang Meiying’s plays, dreams come true outside the play.

In the film Lost in Russia’s latest special "Embarrassing Mother Treasure", Huang Meiying’s "Embarrassing Mother" resolutely embarked on a journey to Moscow for a performance at the Red Star Grand Theatre, and it was Xú Zhēng’s son Xu Yiwan who traveled with him. There is constant friction between mother and son, and the symphony of pots and pans is played from home to the journey. As director Xú Zhēng said, "It may be a’ disaster’ for an adult man to get along with his mother for six days and six nights!" One second, Xu Yiwan was still looking down at his mobile phone, and the next second, his mother suddenly appeared, grabbing the mobile phone and giving it away: "It’s always a chance to get Alzheimer’s disease." In the mother-child bickering with each other, people feel the unique mode of getting along with each other.

Xú Zhēng Huang Meiying studio exchange

Huang Meiying, who was well-known for her classic film and television works, such as Desire and Golden Powder Family, is a famous "one-way" actress in Bayi Studio, and her performance has won her the recognition as the best female companion of Golden Rooster. With the gradual growth of age, she has rarely appeared in front of the camera now. Joining the film Lost in Russia this time is also her return to the public’s field of vision after five years. She said with emotion: "I didn’t expect to meet Xú Zhēng at my age. I had given up my extravagant hopes for the performing arts, but as an actor, I still have a subconscious regret. I think Xú Zhēng helped me make up for this regret and helped me realize this dream. "

 

Huang Meiying subverts image and premieres comedy. 

Xú Zhēng carefully polished and resonated.


Different from the dignified and intellectual characters in the past, Huang Meiying subverted and played a full-fledged "embarrassed mother" in Lost in Russia, and embarrassed behaviors and theories emerged one after another. The reason why Huang Meiying was chosen to play the role of "Embarrassing Mom", Xú Zhēng said: "When I met Teacher Huang Meiying, I talked to her about her life. I found that her experience is too much like my mother, and it is also very similar to this character in our play. Her age and temperament are all too suitable." When seeing the final effect, Xú Zhēng also had to sigh with emotion: "So far I can’t think of a second person, more suitable than her!"

Xu Zheng and Huang Meiying analyze their roles.

On the surface, the "Embarrassing Series" is a road comedy, but in fact, each one is conveying feelings and thoughts about life. This time, I chose the theme of "Mom" to discuss the parent-child relationship. Xú Zhēng said frankly: "Everyone is closest to his mother at the beginning of life. At a certain stage of life, we always habitually look back, and I found that when my relationship with my mother changed, my perspective on the world changed." Lost in Russia hopes that through the topic of "Mom", which has a very universal sense of substitution, the audience can have a relieved, giving, accepting and inclusive mentality, and love can flow, so as to get a full-age and full-relationship viewing pleasure.

The movie Lost in Russia will be released nationwide on the first day of New Year’s Day in 2020, and the whole family will laugh.

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Question and answer on the upper and lower limits of social insurance payment base in 2024

  

One,2024What is the background of the upper and lower limits of the annual social security contribution base?

A:2019In, the General Office of the State Council issued the Comprehensive Plan for Reducing Social Insurance Rates (Guo Ban Fa [201913Number), decided from2019yearfivemoononeStarting from the day,The average wage of employees in full-caliber urban units weighted by the average wage of employees in non-private units in cities and towns and the average wage of employees in private units in cities and towns in each province, and the upper and lower limits of the social security individual contribution base are approved. In accordance with the provisions of the state, our province since2019yearfiveAccording to the relevant data published by the statistics department since June, the upper and lower limits of the social security payment base in that year have been determined.

2024Years, according to the statistics department announced.2023The relevant data of the average wage of employees in urban private units and the average wage of employees in urban non-private units in the whole province in 2000 were weighted and calculated.2023The average wage standard of employees in full-caliber urban units in the province in 2000, and to determine our province accordingly.2024The upper and lower limits of the annual social security payment base.

Second,2024What is the upper and lower limit of the annual social security contribution base?

A:Our province2023The annual average wage of employees in full-caliber urban units is7044.38Yuan Dynasty (1206-1368)/Month, in order to approve.2024The upper limit of the monthly payment base of social insurance individuals in the province in is21133Yuan Dynasty (1206-1368)/Month, the lower limit is4227Yuan Dynasty (1206-1368)/Month.

Third,2024What is the implementation time of the upper and lower limits of the annual social security contribution base?

A:2024yearonemoononeSolsticetwelvemoon31Day.

Fourth,2024Which insured units and employees are involved in the upper and lower limits of the annual social security contribution base?

A:In accordance with the provisions of the state, the average monthly salary of the insured employees is determined above the base of individual social security contributions, and above the average monthly salary of employees in full-caliber urban units in the province.60%Guaranteed peace300%Height limit. That is, if the average monthly salary is lower than the lower limit of the payment base, the lower limit of the payment base shall be taken as my payment base; If it is higher than the upper limit of the payment base, the upper limit of the payment base shall be used as my payment base. Therefore, the upper and lower limits of the payment base only involve the insured employees and units whose average monthly salary is lower than the lower limit or higher than the upper limit of the payment base.

For example, Comrade A,2023The annual average monthly salary is4300Yuan, higher than2024Minimum standard of annual social security payment base4227Yuan Dynasty (1206-1368)/Month, then the comrades.2024The annual social security payment base is4300Yuan Dynasty (1206-1368)/Month, not affected by the lower limit of the payment base.

Comrade B,2023The annual average monthly salary is4000Yuan, lower than2024Minimum standard of annual social security payment base4227Yuan Dynasty (1206-1368)/Month, then the comrades.2024The annual social security payment base is guaranteed according to the lower limit of the payment base, which is4227Yuan Dynasty (1206-1368)/Month.

Comrade c,2023The annual average monthly salary is23000Yuan, higher than2024Upper limit of annual social security contribution base21133Yuan Dynasty (1206-1368)/Month, then the comrades.2024The annual social security payment base is set at the upper limit of the payment base, which is21133Yuan Dynasty (1206-1368)/Month.

V. Flexible employees2024How to determine the payment base of basic old-age insurance for enterprise employees in? How much is the monthly payment?

A:According to the state regulations, individual industrial and commercial households and flexible employees who participate in the basic old-age insurance for enterprise employees can get the average salary of employees in full-caliber urban units in this province.60%till/extremely300%Choose the appropriate payment base between. This year, individual industrial and commercial households and flexible employees who are insured as individuals in our province can4227Yuanhe21133Choose an appropriate payment base to pay the basic old-age insurance for enterprise employees. Individual industrial and commercial households and flexible employees who are insured as individuals according to different payment bases.2024Pay the old-age insurance premium for enterprise employees (the payment ratio is20%, in which8%Credited to personal account) is as follows:

Calculation standard

Monthly payment base

(Decimals are not reserved)

Monthly payment amount (yuan)

the social average wage60%

4227

845.4

the social average wage80%

5636

1127.2

the social average wage100%

7044

1408.8

the social average wage150%

10567

2113.4

the social average wage200%

14089

2817.8

the social average wage250%

17611

3522.2

the social average wage300%

21133

4226.6

Note: the payment base is not limited to the data listed in the above table, and is only for policy interpretation reference.

Individual industrial and commercial households and flexible employees who are insured as individuals in our province.2024The annual basic medical insurance payment base for employees is unified according to2024The lower limit of annual payment base is paid.

Six, for the insured units that need to adjust the payment base, is it necessary to make a one-time settlement after the upper and lower limits of the payment base are announced?

A:After the publication of the upper and lower limits of the payment base, the insured units and their employees can make up the difference due to the adjustment of the payment base.2024Pay in installments or at one time before the end of the year, and no late payment fee and interest will be charged during the period.In particular, the insured units can choose to pay in installments to avoid the financial pressure brought by centralized payment.



Seven, about the resigned personnel can be adjusted by myself and the original insured unit.2024Annual payment base.

Answer: According to national regulations, the social insurance premiums that employees should pay are withheld and remitted by the employer. After leaving the company, the former employer, its2024The adjustment of the annual payment base shall be reported to the tax authorities by the original employer.

 

 

 

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Look out! 2 milligrams can be fatal! Recently, many people have been poisoned into ICU

  Many people have the habit of making their own medicated wine and medicated diet.

  Think that self-made "has a big supplement"

  But this kind of behavior is extremely risky!

  On the afternoon of May 9th.

  There are four people in Wenzhou City, Zhejiang Province.

  Poisoning by taking homemade medicinal liquor

  Was taken to the hospital for emergency treatment and admitted to ICU.

  One of them even used it.

  "life-saving artifact" ECMO

  The condition is still critical and the prognosis is not optimistic.

  Self-made medicated wine "down" 4 people

  The most serious use of ECMO is still not optimistic

  On May 9th, Wenzhou Traditional Chinese Medicine Emergency Department admitted four poisoned patients. It turns out that Mr. Gong in Wenzhou has always had the habit of brewing his own medicinal liquor. Recently, he churned out a new medicinal liquor and asked his friends to come and taste it. Unexpectedly, it didn’t take long for the medicated wine to go down, and several people appeared nausea, vomiting, numbness of limbs, etc. At that time, several people who were still awake immediately called 120. In the ambulance, the symptoms of four people began to get worse. After arriving at the hospital, the doctor immediately started the rescue.

  Mr. Gong has been suffering from malignant arrhythmia because he drinks the most and is the most seriously ill. He has been undergoing cardiopulmonary resuscitation and defibrillation, and his heart is seriously damaged and his prognosis will be poor. Although Mr. Gong has used ECMO, the situation is still not optimistic.

  At present, three patients are still receiving treatment in ICU, and one of them who drinks the least has been transferred to the observation room in the emergency department.

Look out! 2 milligrams can be fatal! Recently, many people have been poisoned into ICU

  Is the homemade medicinal liquor so toxic?

  What exactly causes poisoning?

  Tested

  In the medicinal liquor that poisoned four people

  Contains aconitine components.

  Aconitine poisoning is not uncommon.

  Doctor: 2~4 mg can kill you.

  Aconitine poisoning is not uncommon.

  Case 1: In April this year, Ms. Wu from Wenzhou was admitted to the hospital for taking "folk prescription Chinese medicine" by herself. After testing, the amount of aconite in the traditional Chinese medicine prescription taken by Ms. Wu was as high as 30g, and aconite is one of the common Chinese herbal medicines containing aconitine. Fortunately, because of Ms. Wu’s timely medical treatment and proper rescue, she has recovered from illness and was discharged from hospital.

  Case 2: In December, 2022, Mr. Wang from Zhuhai City, Guangdong Province bought Chinese herbal medicines online for "eliminating dampness and expelling toxin" because of frequent gout. After taking it for 3 days, he suddenly fainted, and developed symptoms such as numbness in the mouth, face, tongue, limb weakness and severe vomiting. He was sent to the Fifth Hospital of CUHK for treatment. After examination, Mr. Wang boiled "raw aconite" for three consecutive days, which belongs to acute aconite alkaloid poisoning caused by excessive use of aconite. When he was admitted to the hospital, he was in critical condition, his heart rhythm was extremely disordered, and he was in shock. After a series of treatments, he turned to safety.

  This kind of medicinal materials can’t be eaten as ordinary medicinal diet!

  "0.2 mg of pure aconitine can be poisoned by oral administration, and 2-4 mg can be fatal by oral administration." According to the doctor, aconitine is a highly toxic alkaloid, which is mainly ingested through the mouth and absorbed in the gastrointestinal tract. It can become ill 10 minutes after taking the medicine.

  Aconitine is so toxic.

  What can contain this ingredient?

  Why is it easy to eat by mistake?

  Let’s get to know each other

  ↓↓↓

  What are aconitine drugs?

  Aconitine drugs are the main medicinal components existing in Chinese medicinal materials of Aconitum of Ranunculaceae, such as Radix Aconiti, Radix Aconiti Kusnezoffii, Radix Aconiti Lateralis, and Artemisia rupestris. Generally, they refer to aconitine, hypaconitine and neoaconitine, and they are a kind of highly toxic diester diterpenoid alkaloids. According to the 2020 edition of China Pharmacopoeia, the total amount should be less than 0.17% (calculated by the dried products of Radix Aconiti Kusnezoffii and Radix Aconiti).

  Among them, aconitine is the most toxic, 0.2mg of pure aconitine can cause toxic effect, and 2-4mg can cause death. The above Chinese medicinal materials of Aconitum are all listed in the national Measures for the Administration of Toxic Drugs for Medical Use and strictly managed. Chinese medicinal materials containing aconitine drugs are toxic Chinese medicinal materials, not food, and cannot be eaten as ordinary medicated diet or ordinary food.

  Clinically, aconitine drugs can be used for analgesia, anti-inflammation, anesthesia, lowering blood pressure, etc., so aconitine drugs are commonly used in folk to treat rheumatoid arthritis, traumatic injury, joint pain and so on. However, improper processing, insufficient decocting time, taking by mistake and drinking too much are easy to cause aconitine poisoning, so it needs to be used with caution.

Look out! 2 milligrams can be fatal! Recently, many people have been poisoned into ICU

  What are the symptoms of aconitine poisoning?

  1. Nervous system: patients with mild poisoning feel abnormal and numb on the face and around the mouth, with occasional dizziness, tinnitus and sweating; Severe poisoning may lead to headache, blurred vision, stiff limbs, convulsions and even coma.

  2, cardiovascular system: palpitation and chest tightness are the most common symptoms; When there is shock, the patient may show pale face, cold limbs and sweating, accompanied by disordered arrhythmia, and in severe cases, shock and cardiac arrest may occur.

  3, digestive system: nausea, vomiting, abdominal pain, diarrhea and so on.

  Causes of aconitine poisoning:

  1. improper understanding. Aconitum has the functions of expelling wind, removing dampness, warming channels and relieving pain, but at the same time, the aconitine it contains is also highly toxic. People generally believe that medicated diet and medicated wine can nourish the body, but they don’t know that alcohol can accelerate the absorption of aconitine drugs, making the toxic time shorter, which is not conducive to timely treatment. We don’t fully understand the Chinese medicinal materials of Aconitum, only pay attention to their efficacy, but don’t know their toxicity, edible varieties, usage methods and dosage, which leads to poisoning caused by eating by mistake or excessive consumption.

  2. Improper compatibility or preparation. Different compatibility of traditional Chinese medicines can enhance or reduce toxicity.

  3. Improper decoction. Aconitum is toxic, so it should not be used raw. It is difficult to destroy the toxicity of aconitine drugs by ordinary processing methods, and it must be processed before it can be taken orally. Drugs containing aconitine should be decocted for a long time. If the decoction is not sufficient or the medicinal materials are not thoroughly cooked, it can lead to poisoning.

  Once again, if you have symptoms such as palpitation, chest tightness, numbness around your mouth, nausea, vomiting, dizziness and diarrhea after taking aconitine drugs, you should seek medical attention immediately. If the patient is conscious, drink plenty of water, press the root of the tongue or throat with your fingers to induce vomiting, and excrete the unabsorbed toxic substances as soon as possible.

  Be careful with these homemade foods!

  In daily life

  In addition to homemade medicinal liquor

  Many people will also make some pickles,

  Wine, yogurt, etc.

  With the hot weather and rising temperature

  Homemade food should pay more attention to food safety!

  Time, temperature, storage method, storage container, etc.

  May affect food safety and hygiene!

  The following homemade foods

  Pay special attention to

  ↓↓↓

Look out! 2 milligrams can be fatal! Recently, many people have been poisoned into ICU

Look out! 2 milligrams can be fatal! Recently, many people have been poisoned into ICU

Look out! 2 milligrams can be fatal! Recently, many people have been poisoned into ICU

Look out! 2 milligrams can be fatal! Recently, many people have been poisoned into ICU

Look out! 2 milligrams can be fatal! Recently, many people have been poisoned into ICU

Look out! 2 milligrams can be fatal! Recently, many people have been poisoned into ICU

Look out! 2 milligrams can be fatal! Recently, many people have been poisoned into ICU

  Finally, remind again:

  Be careful what you enter!

  Safety first!

  Comprehensive: Guangzhou Daily, Wenzhou Daily,

  People’s Network Science Popularization and Chengdu Disease Control

  

[Editor in charge:

]

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Four Forms of Decrypting Social Relationships and Their Essence

Zuckerberg once had a very incisive definition of social relations. He said, "The next era will be defined by today’s social networks and the depth of contact given to users. Our job is to find the best way for users to share themselves."

Zuckerberg’s point of view reflects the real core of social relations. With the rise of SNS, we pay more and more attention to the social relationship between people and the commercial value that can be created by this relationship. But justAs far as the connotation of social relations is concerned, it just reflects people’s inherent and essential needs, that is, to fully share themselves.

From the whole historical process, in primitive society, it is a social mechanism based on full sharing and barter exchange. In the second stage of human progress, it is based on private property rights, that is, the socio-economic system and corresponding culture based on exclusivism. In the current stage of mobile Internet, we have reason to think that the spirit of full sharing has revived, and people are beginning to share more and more. People naturally want to create something, show their creations to others, disclose their status to others, and talk about themselves and their families and their feelings.

In other words, in the era of mobile Internet, people gradually establish a common obligation by giving each other time and opinions. In this sense,People show their knowledge and express their living conditions by sharing themselves. The social relationship in the era of mobile Internet is established on such a social psychological basis.

With the development of mobile Internet, what will be the evolution of social relations centered on sharing oneself? What social relationship patterns will exist?

We divide social relationships into four categories according to the strength of relationships and whether they are online or not.The first category is online interaction of acquaintances, the second category is online interaction of strangers, the third category is offline interaction of strangers, and the fourth category is offline interaction of acquaintances.Let’s look at them one by one.

The first category is the virtual space of acquaintance relationship chain.

For example, we chat with our classmates and friends in QQ, exchange views and express our concerns, which is a typical interactive application in the acquaintance relationship chain. Through social networking sites such as Flickr, Facebook and Renren, we constantly share each other’s social information and update our current status, which is also a very typical acquaintance network. Even in many cases, there are many applications that help us to further strengthen the relationship between acquaintances, such as grabbing parking spaces and stealing vegetables, which have been popular among white-collar workers for a while. These are all interest-sharing applications based on strengthening acquaintance networks and strengthening strong relationship chains.

From the next development point of view, the development of virtual space of strong relationship chain of acquaintance network still has a very promising prospect. For example, acquaintances can share their experiences with their good friends almost in real time. In addition, the development of light games based on acquaintances will also be a very important direction. On the one hand, people satisfy their entertainment needs through games, and more importantly, they strengthen the acquaintance network, that is, the relationship strength in the strong relationship chain, to express their care for friends and relatives.

The second category is the social relationship model based on the weak relationship chain of strangers’ network and the correlation in virtual space.

There are quite a few such models, and the typical one is Weibo, which is talked about most now. Take Sina Weibo as an example. Among the 300 million registered users, most of the grassroots Weibo has become a fan of the star Weibo blogger, forming a very large follow-up network. People will come together quickly because of their concern for someone or a topic. Another example is some Internet models in the early development of social relations, such as some public chat rooms. Many large chat rooms were once very popular, and everyone often interacted or shared their interests in a chat room. In BBS, for example, it is still very vital until now. In large BBS communities like Tianya and Maopu, people can automatically group in different forums according to different interests and exchange information with strangers.

From the perspective of future development, we think that the evolution of virtual space of weak relationship chain will be very different from that of strong relationship chain. Because people don’t pay much attention to the emotional changes of strangers, what people really need is the expansion of interpersonal scope brought by weak relationship chains and the interest screening through weak relationship chains. After people’s interests are subdivided and focused, they can often further realize the exchange in business. For example, people can recommend some goods to each other or buy and sell second-hand goods in a weak relationship chain, and this kind of transaction, although it is a weak relationship chain, is also related and stronger than two complete strangers in relationship strength. Therefore, what this brings us is that, on the one hand, some weak relationship chains will be gradually introduced into the trading mechanism of e-commerce; On the other hand, e-commerce will further strengthen its layout in social relations. Recently, Taobao announced that it would go to SNS, which is a typical representative of such a trend.

The third category, the development of weak relationship chain of stranger network in real time and space.

In this category, in fact, the evolution of social relations is promising. This is manifested in several aspects. The first kind is the so-called flexible social interaction. People’s attention to a virtual theme in virtual space can be transformed into social relationships in reality. For example, in the real world, strangers can quickly exchange business cards and become fans with each other by shaking their mobile phones. In addition, users can use the positioning ability of the mobile Internet to list the netizens next to them by distance through their mobile phones, and they can greet them and start formal offline communication. Although it is difficult for people to build emotional care for each other in the weak relationship chain, the weak relationship chain can help people get more offline communication opportunities while sharing. In terms of mechanism, this is how elastic socialization developed.

The application of stranger network based on weak relationship chain in physical space-time means that people will use weak relationship chain for offline business value exchange based on personal connections. Based on the weak relationship chain, people’s trust relationship is obviously enhanced than that of complete strangers. Now, business models such as Dianping.com are completely based on the recommendation of strangers. The word-of-mouth recommendation based on weak relationship chain will greatly increase the credibility of this recommendation. The same is true for the use of contacts generated by this weak relationship chain, and more importantly, for subcontracting some tasks by using this weak relationship chain. The core mechanism of this category model lies in that on the one hand, the weak relationship chain enables a person to share his own scope greatly, on the other hand, the weak relationship chain is stronger than a complete stranger in reality after all, so this kind of business value exchange can be realized.

The fourth category is the application of acquaintance network and strong relationship chain in physical space.

This market space is actually relatively narrow, and it is destined to be a narrow application. Generally speaking, it will be a kind of application of circle type and club type. However, its main value is media value, such as kindergarten family groups and primary and secondary school family groups formed due to children, that is to say, strengthening the acquaintance network is actually valuable. Especially for acquaintances who are now linked by common interests, this behavior actually forms the main label to identify the community.

 

Generally speaking, the value of relationship is actually based on sharing economy, that is to say, sharing one’s own living conditions, one’s own information, one’s own interests and hobbies. The mode of sharing economy will gradually extend in the mobile Internet world, and even will eventually affect the whole physical society. In this process, various business model innovations will continue to surge and promote the sharing economy to mature.

 

[Author WeChat public account: Shen Tuo 2011 Author Sina Weibo: Shen Tuo 2011]

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China economy: full of resilience and great potential.

  Cctv news(News Network): Since the beginning of this year, facing the complicated and severe domestic and international situation, China’s economic operation has started well, and the main indicators have remained within a reasonable range and are better than expected. A series of recent economic data and market performance show that China’s economic development is full of resilience, which provides great room for coping with external challenges and achieving high-quality development.

  In recent days, the economic data of the first quarter in various places have been released intensively. Among the 31 provinces in China, the regional GDP of five provinces has exceeded one trillion yuan, among which the GDP of Guangdong, Jiangsu and Shandong provinces has exceeded two trillion yuan.

  Not only is the total amount large, but the structure is continuously optimized.

  The optimization comes from the acceleration of new kinetic energy. The investment in high-tech manufacturing and high-tech service industries increased by 11.4% and 19.3% respectively in the first quarter. The added value of industrial strategic emerging industries increased by 6.7% year-on-year, 0.2 percentage points faster than that of industries above designated size. Mobile communication base station equipment, urban rail vehicles and new energy vehicles & HELIP; … A number of new products and technologies are becoming new highlights of growth.

  Optimization also comes from the acceleration of market diversification. In the first quarter, China’s foreign trade import and export with countries along the Belt and Road reached 2 trillion yuan, up 7.8% year-on-year.

  In a tire manufacturing enterprise in Wuxi, Jiangsu, workers are working overtime to catch up on a batch of tires to be sold to Southeast Asia. In the past quarter, they have newly opened markets in five countries.

  From a single market to a diversified market, in the face of the ever-changing external situation, thousands of enterprises have actively responded and adjusted quickly, which has become a solid foundation for China’s economy to face pressure.

  Not only that, with a series of reforms such as supply-side structural reforms, many provinces with concentrated traditional industries and large energy resources have gradually stepped out of the predicament.

  Liaoning, whose growth rate was once at the bottom of the country, maintained its GDP growth rate above 5% for five consecutive quarters, and exceeded 6% in the first quarter of this year. The economic bottoming out is obvious.

  The GDP of Shanxi, a major coal province, increased by 7.2% year-on-year, exceeding the annual forecast by 0.9 percentage points, setting the best start for this province in the past six years.

  Hebei, a major steel province, witnessed a year-on-year economic growth of 7.4% in the first quarter, an increase of 1.4 percentage points over the same period of last year. As the main force of industry, the equipment manufacturing industry has grown faster than steel, reaching more than double digits.

  China’s economic future is full of opportunities. Nearly 1.4 billion people have gathered in the world’s largest unified market, and 400 million people constitute the world’s largest middle-income group. New industrialization, informationization, new urbanization and agricultural modernization are the surging driving forces for the development of China.

  In 2018, the urbanization rate of permanent residents in China reached 59%. Compared with 81% in high-income economies and 65% in middle-and high-income economies, there is still room for urbanization in China by about 20 percentage points. Just a few days ago, the central government issued an important document to promote the integration and development of urban and rural areas, proposing that by 2035, the population will move in an orderly manner, and the urban and rural unified construction land market will be fully formed, so that elements between urban and rural areas can flow freely.

 

  Turn the growth potential into a driving force for development. The equalization of basic public services has been basically realized. In the next 10 years, China will increase its urban population by 185 million, which will bring extensive demand in infrastructure, real estate, new retail, medical and health care, culture and entertainment, and provide an important engine for China’s economic development.

  With the steady growth of residents’ income, the gradual effect of tax reduction and fee reduction and consumption promotion policies, residents’ consumption demand has been further released. In the past May Day holiday, the total number of domestic tourist receptions alone reached 195 million, achieving a year-on-year increase in tourism revenue of 16.1%.

 

  Just a few days ago, the "Regulations on Government Investment" was promulgated, which defined the scope of government investment scientifically and reasonably. With the deepening of reform and the acceleration of the establishment of a legalized, internationalized and convenient business environment, China market remains one of the most popular investment hotspots in the world.

  China’s economy is resilient and has plenty of room for manoeuvre. Countless facts have proved that as long as we do our own thing well, China’s economy can stride forward towards higher goals without fear of wind and rain.

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An American mercenary died in Ukraine, and the US government said it was "unaware".

A 22-year-old American mercenary died while fighting in Ukraine a few days ago. His mother told CNN on the 29th.

American mercenaries were killed in the Russian-Ukrainian conflict

Rebecca Cabreira, the mother of Willie Joseph Conseil, said Conseil died on 25th. He became the first American known to have died in the conflict between Russia and Ukraine.

White House Press Secretary Jane Psaki expressed condolences to Conseil’s family, but said that the US government only learned of Conseil’s death from news reports and has not officially confirmed it. When asked about Conseil’s death, US President joseph robinette replied at a White House event: "I am very sad."

△ American mercenary Willie Joseph Conseil

Cabreira said that Conseil had served in the US Marine Corps. Shortly before the escalation of the conflict between Russia and Ukraine, he signed an employment contract with a private military contractor, and was subsequently sent to Ukraine, and entered the country via Poland in mid-March.

Details of Conseil’s death are unknown, including the place of death. Cabreira said that he fought with "people from different countries", and the person who informed her of Conseil’s death said that his body had not been found.

According to the Associated Press, he served in the US Marine Corps from 2017 to 2020 and never went to the battlefield. A spokesman for the Marine Corps said Conseil was removed from the list for disobeying orders, but no details were released.

After retiring, Conseil worked in a private prison in the United States from May 2021 to January this year. He and his wife have a son, who is not yet one year old.

Us department of defense: "uninformed"

△ Pentagon spokesman John Kirby

On the 29th, Pentagon spokesman John Kirby said: "Not that I know of."

△ The minutes of the press conference of the US Department of Defense on April 29 showed that Pentagon spokesman John Kirby expressed "ignorance" on related issues.

Psaki warned American citizens not to travel to Ukraine. Although the United States and its western allies publicly stated that they would not send troops into Ukraine to fight the Russian army, they provided a lot of military support, including weapons and equipment and personnel training.

Russia warns that foreign mercenaries will not be treated as prisoners of war.

Russian Foreign Ministry spokesman maria Zacharova said on 28th that since the escalation of the conflict between Russia and Ukraine, about 7,000 mercenaries from more than 60 countries have entered Ukraine. Russian Defense Ministry spokesman Igor Konashenkov announced on the 17th that more than 1,000 foreign mercenaries have been eliminated and more than 900 mercenaries have fled Ukraine.

△ Russian Defense Ministry Spokesperson Igor Konashenkov

Russian TV station broadcast a picture of two British people captured in Ukraine asking for help from the British government on the 18th. James Cleverly, Secretary of State for European and North American Affairs of the British Foreign Office, said in the British Parliament on 26th that "foreign volunteer fighters" should be "treated as Ukrainian soldiers, treated as prisoners of war according to humanitarian law and fully protected".

However, Konashenkov previously stressed that foreign mercenaries will not be treated as prisoners of war, but "will face criminal responsibility, and the best outcome is long-term imprisonment".

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Court in front of the store: NPC deputies help resolve the "triangular debt"

On January 18th, the court in front of the store of Yuexi County People’s Court successfully resolved a private lending dispute, and invited Cheng Jiance, a representative of the county people’s congress, and Huang Yongsong, a representative of the town people’s congress, to participate.

Defendant Chen Mou borrowed 20,000 yuan from plaintiff Jiang in 2021. Chen Mou did not return it after the expiration, and refused to repay it on the grounds that Wang, the husband of Jiang, had borrowed 20,000 yuan from him, and proposed that they should offset each other. Plaintiff Jiang said that her husband Wang had no knowledge of the loan from defendant Chen Mou, and he strongly disagreed with the offset, so he appealed to the court. In the pre-litigation mediation stage, after repeated mediation by the mediator, the two sides still failed to reach an agreement. After the mediation expired, the court turned the case into a lawsuit.

Considering that Jiang, Wang and Chen Mou are all independent subjects of civil rights in this case, the creditor’s rights and debts between the defendant Chen Mou and her husband Wang can’t be dealt with together in this case under the condition that the plaintiff Jiang resolutely refuses to offset each other’s debts. If the case is closed by judgment, it will inevitably intensify the contradictions among all parties and increase the litigation burden of all parties, and the ideal social effect will not be achieved. Therefore, the judge in charge decided to go to the village Committee where the original and defendant parties lived to make a circuit trial, and invited NPC deputies to assist in mediating the case.

During the trial, NPC deputies listened patiently and carefully to the cause of the case, the cross-examination of evidence and the statements of all parties. In the mediation stage of the trial, the presiding judge explained the relevant legal provisions to the parties and informed them of the litigation costs. However, in order to maximize their own interests, all parties still do not give in to each other. At the invitation of the judge in charge, the two NPC deputies gave full play to their advantages of being close to the masses in grass-roots work and being familiar with social conditions and public opinion, analyzed the gains and losses of interests from the legitimate rights and interests of all parties, and used simple and simple words to patiently persuade all parties separately and collectively. Finally, the three parties reached an agreement on mediation, which was implemented on the spot, and achieved good results.

In the next step, the court in front of the store will continue to broaden the circle of friends in the source of complaints, "please come in and go out", give full play to the legal function of the court to guide mediation, and extensively link with NPC deputies, CPPCC members, professional cooperative groups and grassroots governance social forces to help resolve contradictions and disputes, strive to resolve contradictions and disputes at the grassroots level, resolve them in the bud, deepen the "Maple Bridge Experience" in the new era, reduce the burden of complaints from the masses, and build a lawsuit-free village. (Yu Yi Yan Tong)

Review | Idy Chen Faying

WeChat WeChat official account ID :yxxrmfy

Contact the masses and complain about the supervision telephone number.

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Court in front of the store: NPC deputies help resolve the "triangular debt". Yuexi County People’s Court lightly reads the original text.

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Original title: "The court in front of the store: NPC deputies help resolve the" triangular debt ""

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The frosted glass shadow in the lungs was actually caused by "84"

  (Reporter Feng Ning correspondent Li Fengzhi) Recently, Ms. Zhang and Ms. Wang suffered from the same "disease" and went to Zhengzhou Central Hospital for treatment. Both of them are dizzy and weak, but they have no symptoms such as fever, cough, expectoration and dyspnea. However, their chest CT results startled the doctor.

  Both of them showed ground glass shadow on lung CT, which was similar to that of COVID-19. The hospital immediately handled it according to the observation, and after everything was properly placed, the problem appeared again. Although the CT images are very similar, the doctors repeatedly questioned the patient’s medical history and learned that they had no contact history, never been to Wuhan, and there was no confirmed patient in the community. The symptoms and hemogram did not conform to COVID-19, which made the doctors very puzzled.

  Just when everyone thought more and more wrong, the director of the Department of Respiratory and Critical Care Medicine found a clue. It turns out that during their stay at home, the two ladies regularly sprayed high-concentration 84 disinfectant at home every day for fear of COVID-19, and did not open the window for ventilation, thus causing allergic alveolitis. Allergic alveolitis refers to a group of diffuse interstitial granulomatous lung diseases caused by repeated inhalation of various antigenic organic dust and low molecular weight chemicals by susceptible people. Repeated attacks can cause pulmonary fibrosis and even develop into respiratory failure.

  After three days of anti-allergic treatment, the chest CT was reviewed, and the images of Ms. Zhang and Ms. Wang basically returned to normal.