With the development of living quality , lighting fixture is becoming increasingly intelligent . So in this case , WOSEN launches led smart panel light .The function of smart led panel light ultra thin are as follows :
Select 16 million colors by app easily
Led Smart Panel Light,Led Wafer Light,Led Flat Panel Light,Smart Led Panel Light WOSEN LIGHTING TECHNOLOGY LIMITED , https://www.wosenled.com
1. Voice Control
Control connected smart led flat panel light trim by voice command working with Alexa and Google Assistant
2. Time Setting
Schedule your lights turn on or off at setting time
3. App Dimmer
Adjust proper color temperature by voice command or app
4. RGB Control
Economists who predict that China's economy will bottom out after the poor second quarter of 2012 may now be more confused. On the evening of July 5, the People's Bank of China announced that the benchmark interest rate for RMB deposits and loans of financial institutions will be lowered from July 6, 2012. This unexpected rate cut seems to indicate that the risk of a hard landing is getting closer. Even so, most economists still believe that the Chinese economy will not "hard landing." Of course, the Chinese government is also using various methods to prevent this risk from becoming a reality. In the past six months, some successive policies to maintain economic stability have shown the government's efforts. In fact, this rate cut is only a few months away from the last rate cut. The two interest rate cuts in such a short period of time is an interpretation of the current economic situation and policy choices in China. As for future policy adjustments, in the view of some economists, the government is currently “adequately ammunition†and monetary policy has been initiated. What is needed at this time is to further observe the effects of existing policies, and policies should not be adjusted substantially. Hard landing risk In the week before the release of economic data in the second quarter, the central bank once again unexpectedly announced a rate cut. It decided to cut the benchmark interest rate of RMB deposits and loans of financial institutions from July 6, 2012. The one-year deposit benchmark interest rate of financial institutions was lowered by 0.25. Percentage point, the one-year lending benchmark interest rate was lowered by 0.31 percentage points. It is surprising that the market has more to adjust the deposit reserve ratio. “The central bank’s expectation of a rate cut above the market indicates that the economic indicators in June are still too weak, and the measures that have been taken are not enough. The interest rate cuts further strengthen the measures to stabilize growth.†Chen Xing, Managing Director and Chief Economist of BNP Paribas Securities (Asia) Co., Ltd. Dynamic representation. At the same time, he expects more growth measures to come back. In addition, this interest rate cut also sends a clear signal for the upcoming June CPI data, and also provides space for the new moderate relaxation policy. Chen Dongqi, deputy director of the Macro Research Institute of the National Development and Reform Commission, which has been clamoring for speeding up monetary policy adjustments on several occasions, also commented that “the central bank’s recent interest rate cuts are timely, and this step is very good.†He previously believed that China’s current economic downturn The risk is increasing, and if the policy is not timely, it is possible to reduce it to 7%. At present, the market agrees that although the rate cut is limited, it conveys an important policy signal: the Chinese government is at any cost to prevent the Chinese economy from appearing a "hard landing" in the current special period. Although there have been indications that the Chinese government's tolerance for this round of economic downturn is increasing, but with the recent economics falling more than expected, the problem has re-emerged. Where is the “bottom†of government tolerance? How much is economic growth to be “stableâ€? Zhu Baoliang, chief economist of the Economic Forecasting Department of the National Information Center, said that the key factor at this time depends on two factors, one is employment and the other is price. "From the perspective of employment, the current employment situation is basically stable. There is no situation of large-scale unemployment of migrant workers at the end of 2008. In some places, there are still difficulties in recruiting workers and rising wages. The economic growth rate is generally operating within a reasonable range." "From the perspective of price, the price of goods other than food in the consumer price rose by about 1.2%, and the ex-factory price of industrial products increased for three consecutive months, indicating that the industrial sector is overcapacity as a whole, and the industrial growth rate is slightly lower than the potential. The growth rate, the actual economy is operating in the lower bounds of the potential level, moderate stimulation of the economy is necessary." "So overall, 8% of the economic growth rate is more appropriate, can take into account employment and prices, also with 7.5% this year The growth targets are basically the same," he said. Recently, major institutions have already lowered their forecasts for GDP, and most of the second quarter of the year fell by 7.5%. JPMorgan Chase even cut its annual GDP growth rate to 7.7%. Also pessimistic is CICC, which said in a recent research report that China's economic growth rate may be postponed at the bottom of the ring, and the second-quarter GDP growth rate may further decline to 7.8%. For the effect of this interest rate cut, market participants now believe that the effect on saving the Chinese economy is still limited. Lian Ping, chief economist of Bank of Communications, said that the main purpose of the central bank's interest rate cut is to reduce the company's investment willingness, reduce the company's willingness to invest, change its expectations for the future, and promote economic growth. Recently, the National Bureau of Statistics released the profit data of industrial enterprises above designated size in the first five months of 2012. From January to May, the profits of industrial enterprises above designated size reached 1,843.4 billion yuan, down 2.4% year-on-year. In May, the profit reached 390.9 billion yuan, a year-on-year decrease of 5.3%. Among them, the rising cost of financial costs has become one of the main reasons affecting the profit performance of enterprises. Taking state-owned enterprises as an example, the data released by the Ministry of Finance shows that the financial expenses of state-owned enterprises in the first five months increased by 35.9%. "The interest rate of this deposit and loan is somewhat asymmetrical. The loan interest rate has dropped slightly, and the bank's spread has been narrowed accordingly. The bank's spread has shrunk too much. It depends on the bank's operating behavior and overcoming structural adjustments. But the total It is said that the narrowing of bank interest spreads is also a big trend in the future. This is good for the real economy." Lian Ping said. More economists believe that the biggest problem facing the Chinese economy today is the lack of internal and external demand. Wang Tao, chief economist of UBS China, stressed that interest rate cuts have a limited role in promoting economic growth, because credit is not more important because of poor demand. The latest data also showed that the new orders index fell to 49.2% in June, which was lower than the glory line for two consecutive months, indicating that the decline in total demand accelerated. Another scene that can confirm the lack of demand is the port at this time. If you look at the port during this time, you will find that the Chinese economy has now been "changed" by high stocks. From iron ore to coal to cotton, Chinese ports are becoming an unprecedented “big warehouseâ€. It is undeniable that inventory adjustment has become a major factor affecting current economic fluctuations. Inventory changes reflect market demand expectations and production conditions, and also reflect changes in the macroeconomic climate. “Even if it is conservatively estimated, the heavy industry destocking process will end in the second half of the year at the latest.†Xu Weihong, director of the Southwest Securities Research and Development Center, gave a forecast. He also said that the recovery of China’s economy may not be the same as the US’s end of real estate destocking. Instead, it will start with the end of inventory of heavy industry enterprises. Bottom? In 2012, economists are doing an interesting game, looking for the bottom of the economy. At the beginning of the year, some people put their chips in the first quarter, the first quarter has not passed, and the forecasters began to move the bottom time to the second quarter. At this time, the bottom of the game has to be moved backwards, the third quarter. Even the fourth quarter is possible. Looking back now, in April, the first quarter economic data was released, and the 8.1% growth rate was lower than expected, the lowest increase since the spring of 2009. Several economists including Bank of China Merrill Lynch China economist Lu Ting immediately released a report in the same month that China’s first-quarter gross domestic product (GDP) growth rate was lower than expected, but the worst time has passed. The first quarter will be the bottom of this economic cycle. The reason for supporting them to make the above judgment is that the economic data improved in March, and the new loan of 2.46 trillion in the first quarter indicates that the pace of launch is accelerated; the average daily output of major products such as electricity and steel is higher than that in the fourth quarter of last year; industry, consumption and investment After the price increase, the price was better than January-February in March. At the time, most economists also believed that the economic downturn at this time was within the normal range of regulation, not to mention the factors that included active regulation. Chen Dongqi, the representative of the pessimistic faction, has begun to express his position on various occasions. The Chinese economy will continue to decline, and it will be slower than expected. "China's economic growth rate may be less than 8% in the second quarter of this year. Unless more stimulus measures are introduced, the economic growth rate this year may be less than 7%," he said at the time. In fact, policy makers at the time were also aware of the risk of a “hard landingâ€. Although they have always said that they want to pre-adjust and fine-tune the policy, what is really being interpreted by the outside world as an important signal is the State Council executive meeting held on May 23. The meeting made it clear that “the steady growth will be placed in a more important position, and the pre-adjustment and fine-tuning will be strengthened according to the changesâ€. Economists have seen the meeting as the Chinese government to prevent the economy from slowing down too fast, more stimulus policies will be introduced, and a battle to save GDP will be fully launched. Since then, the National Development and Reform Commission has begun to speed up the project approval process, and the state's investment in infrastructure such as railways has also begun to accelerate. At the same time, in the past six months, the central bank has lowered the deposit rate three times and released more than 1 trillion yuan of liquidity to the market. In the past month, it has unexpectedly announced two interest rate cuts. For the above policy, Pan Xiangdong, chief economist of Galaxy Securities, said that the policy is generally good, but whether it is loose or tight, the intensity has been somewhat overdone. The outside world calls this a “steady growth guaranteeâ€. After all, this is essentially different from the four trillion guarantee growth. The focus is mainly on energy-saving and environmentally-friendly home appliances and the so-called strategic emerging industries identified by the state, especially The ecological environment and energy conservation projects, and the Midwest is the focus of this round of investment. This week, the upcoming second quarter economic data may fall more than expected. In this situation, the trend of China's economic trend and stable growth policy in the second half of this year will continue to be “safeâ€. Policy focus on the current domestic economic location, Essence Securities chief economist Gao Shanwen carried out a more vivid description, he believes that in the medium and long-term span, the real economy will experience U-shaped adjustment, and currently China's economy is in the U shape The position on the left side is forming the bottom. The unexpected rate cut signal on July 6 indicates that the data for June and the second quarter will not look good. On July 1, the China Federation of Logistics and Purchasing announced that the PMI for June was 50.2%, close to 50% of the line of glory; the chain fell by 0.2 percentage points, and the decline narrowed, indicating that the manufacturing expansion is nearing stagnation. In addition, the growth rate of industrial added value in May has been close to the low point in three years. Other important data such as power production only increased by 2.7% year-on-year. Market rumors, power generation in June is even more bleak. After the problem of private lending in Wenzhou last year, the bad debt chain is being transmitted to the bank. The “Wenzhou Financial Operation Reference Monthly Report†compiled by the Wenzhou Financial Office shows that at the end of May this year, Wenzhou Bank’s non-performing loan balance was 16.1 billion yuan, and the non-performing loan ratio reached 2.43%, for 11 consecutive months, is much higher than the average of 9.9% of the NPL ratio of national commercial banks at the end of the first quarter of this year. The central enterprise, which is regarded as the "Dinghai Shenzhen" of the Chinese economy, is also facing a situation of falling profits for several consecutive months. "To prepare for the 3-5 years of hardship and over-cold winter," in order to protect itself. Although there have been some good news from time to time, it shows that the previous two policies to reduce the deposit reserve ratio, reduce interest rates and increase fiscal easing have already achieved results. For example, the phenomenon that can be observed is that it was added in June. Bank loans will exceed 800 billion, and the share of medium and long-term loans will also increase. With the promotion of infrastructure and real estate investment, the growth rate of fixed asset investment has rebounded slightly. However, pessimists believe that it is too early to talk about the bottom of the economy at this time. Chen Dongqi is worried at this time that the investment data in June will further decline. It is hard to say that it is the bottom in the second quarter. “The investment (growth rate) in January-May is still 20.12%, but in fact, from June onwards, I think that investment will start to decline, and investment in real estate other than affordable housing is declining,†he said. From January to May, the profits of industrial enterprises continued to decline, and the profitability of enterprises also declined. Qu Hongbin, managing director of HSBC Asia Pacific and chief economist in Greater China, believes that these factors will inhibit companies' ability to expand investment and hire employees. “Historical data on fixed asset investment and earnings growth shows that the current decline in earnings growth may have an impact on investment growth,†he said. Specifically, he is worried that the impact of the above factors will ultimately be reflected in the employment situation. The performance of the labor market generally lags behind the economic cycle. From the current point of view, the labor market is still stable. But the latest depositor survey by the People's Bank of China shows that the future consumer confidence index and employment expectations index have fallen to their lowest level since 2009. “With the employment data of the official manufacturing PMI and the HSBC manufacturing PMI showing a further decline, the manufacturing industry that absorbs 30% of the employed population is likely to be the first to be affected,†he said. And he believes that the decline in the future income confidence index also means that the actual growth rate of retail sales will fall further. For future policy adjustments, economists generally believe that what we need to do at this time is to further observe the effects of existing policies. The "safe and secure growth" still emphasizes the word "safe", and the policy should not be adjusted greatly, because this Nor is it enough to reverse the trend that China will enter a medium-speed development. The full significance of the current policy adjustment is simply to avoid the speed of the decline and the excessive speed. Qu Hongbin believes that if we want to maintain a sustained recovery of domestic demand, we must adopt more easing policies. In addition to monetary policy, there is still considerable room for tax reduction and tax increase in fiscal policy. Fiscal revenue increased by 13% year-on-year in May, and reached 12.7% in January-May, faster than the nominal GDP growth rate in the same period. In addition, the liberalization of private investment control in more industries and the enthusiasm of mobilizing private investment is one of improving investment efficiency. Important measures. Opening more industries to private capital will complement government investment, especially in the context of the current financial pressures of some local governments. However, Chen Dongqi believes that the timing of the introduction of stimulus policies is more important than the method. It is necessary to adopt macroeconomic regulation and control, give more play to the role of the market, and exert more leverage on monetary policy and fiscal policy. Be sure to prepare in advance and prepare him earlier. Still think that the first half of the shot is too late.