Core Viewpoint - The "Celebrating National Day and Welcoming Mid-Autumn Festival" promotional event for local agricultural products in Linyi has become a popular destination for holiday shopping, showcasing the region's diverse agricultural offerings and reflecting the ongoing transformation in its agricultural industry [1][11]. Group 1: Event Overview - The event took place from September 28 to October 4 at the Linyi International Convention and Exhibition Center, attracting a large number of visitors [1]. - Various stalls featured local specialties, including meat products, gourmet items, and traditional snacks, creating a vibrant atmosphere for holiday shopping [3][5]. Group 2: Product Highlights - The event showcased a range of products, such as bacon, chicken fillets, and innovative goose liver products, which drew significant customer interest [3]. - Local specialties like hawthorn strips, chestnuts, and pickled vegetables were popular among attendees, emphasizing the region's agricultural diversity [5][8]. Group 3: Agricultural Development - Linyi's agricultural strategy focuses on "one village, one product" and "one town, one industry," leading to a rich variety of local products [8]. - The region has evolved from simple agricultural practices to advanced processing and branding, indicating a shift from traditional to modern agricultural practices [10]. - The event serves as a microcosm of the broader changes in Linyi's agricultural sector, which is poised for new opportunities under the rural revitalization strategy [11].

Group 1: Report Summary - The report focuses on the debt risks of local governments and urban investment enterprises in Jilin Province. Jilin is an important old industrial base and a window to Northeast Asia, with prominent location and resource advantages. In 2024, the economy grew but at a lower rate than the national average, and the government debt burden was heavy. The province is taking measures to resolve implicit debt and has achieved certain results [4]. Group 2: Jilin's Economic and Fiscal Strength Regional Characteristics and Economic Development - Jilin is located in the central part of Northeast China, with rich natural resources, well - developed land transportation, and many ports. The population has a net outflow, and the urbanization rate is relatively low. In 2024, the economic aggregate and per - capita GDP were at a low level in the country. The industrial structure is in a "three - two - one" pattern, with the tertiary industry leading. Key investment areas are growing steadily, and national strategies such as the revitalization of Northeast China and Tumen River area development support regional development [5][8][12]. Fiscal Strength and Debt Situation - In 2024, Jilin's general public budget revenue ranked relatively low in the country. The revenue quality was acceptable, but the fiscal self - sufficiency rate was low, and the government - funded income decreased significantly. The provincial government's debt burden was heavy. The overall debt burden was at a low level among all provinces, with a debt ratio of 202.90% and a debt - to - GDP ratio of 69.59% in 2024 [20][22]. Debt Resolution - As one of the 12 key provinces for debt resolution, Jilin has taken multiple measures to resolve implicit debt, reducing the stock of implicit debt to less than 10 billion yuan, clearing implicit debt in 58 city - counties, and reducing financing platforms by 56.7%. In 2024, new bonds were issued to support project construction, and in 2025, new debt limits were increased [24][25][26]. Group 3: Economic and Fiscal Conditions of Jilin's Prefectures and Cities Economic Strength - The economic development of Jilin's prefectures and cities is uneven, with Changchun having an absolute advantage in economic volume. Each region develops industries based on its own resource advantages. Changchun's GDP accounts for over 50% of the province's total. In terms of per - capita GDP, Changchun ranks first, and Siping ranks last. Baishan has a relatively high urbanization level [27][37][38]. Fiscal Strength and Debt - The general public budget revenue of Jilin's prefectures and cities is significantly differentiated. Most regions' revenue increased in 2024, but the fiscal self - sufficiency rate was generally low. The government - funded income varied greatly among regions, with Changchun's decreasing significantly. All regions received large - scale superior subsidies. In 2024, the government debt balance of each region increased, and the debt burden of Changchun, Jilin, Yanbian, and Songyuan was heavy [41][49]. Group 4: Debt - Repayment Ability of Jilin's Urban Investment Enterprises Overview - There are few urban investment enterprises with outstanding bonds in Jilin, mostly concentrated in Changchun. The credit ratings of the issuers are mainly above AA +, and the administrative levels are mainly at the prefecture - city level [51]. Bond Issuance - In 2024, the number and scale of bond issuances by urban investment enterprises in Jilin increased year - on - year, and the net financing turned positive. From January to August 2025, the issuance scale was 81.22% of that in 2024, and the net financing turned negative. The outstanding bonds are mainly concentrated in Changchun [55]. Debt - Repayment Ability Analysis - The debt structure of Jilin's urban investment enterprises is mainly indirect financing. The short - term debt - repayment pressure is relatively large, especially for Changchun's enterprises with large - scale bond maturities in 2025 - 2026. The short - term debt - coverage ratio of cash - like assets decreased in 2024 and improved slightly in 2025. The financing cash flow mainly comes from Changchun's enterprises [58][61][65]. Support from Fiscal Revenue - The ratio of "total debt of bond - issuing urban investment enterprises + local government debt" to "comprehensive financial resources" varies greatly among different regions in Jilin. Changchun exceeds 500.00%, while Siping, Baicheng, and Baishan have better support capabilities [67].

Report Summary Industry Investment Rating - Short - term, take a short - side allocation for soybeans and a bearish view on corn; for the long - term, wait for the bottom for corn, and there is no clear long - term rating for soybeans [8][12] Core View - National soybean production is expected to remain above 21 million tons, with a supply - demand imbalance leading to a likely price trend of high - opening and low - closing. Corn production is likely to increase, with a high - opening and low - closing price, and no major unilateral market is expected this year [8][12] Content Summary by Category 1. Soybean - **Planting and Yield**: Influenced by policies and subsidies, the planting area of domestic soybeans in Heilongjiang increased in 2025. Western regions maintained stable yields, while eastern regions had significant yield declines. Overall, the provincial yield was flat or slightly increased, and national production is expected to remain above 21 million tons [6] - **Cost and Subsidies**: The land rent cost of new - season domestic soybeans decreased, especially in the east. The comprehensive agricultural input cost was about 3,000 - 4,500 yuan/ha. Soybean subsidies were significantly higher than those for corn [7] - **Protein Content**: Due to the government's encouragement of high - oil soybean planting, the proportion of high - protein soybeans in Heilongjiang was about 40%, and the high - and low - protein differentiation was severe [7] - **Downstream Industry**: The downstream industry of domestic soybeans was not optimistic, with a supply - demand imbalance. Non - GMO soybean pressing enterprises faced challenges, and food and protein enterprises had stable processing and consumption but no growth in demand [8] - **Price Outlook**: The price of soybeans may open high and close low. When the rough grain price is below 1.75 - 1.8 yuan/jin, farmers may hold back sales. The short - term strategy is a short - side allocation [8] 2. Corn - **Planting and Yield**: Due to factors such as weather, subsidies, and economic benefits, the corn planting area in Heilongjiang decreased year - on - year, especially in the east. Most areas had increased yields, and the overall production was slightly higher than last year but lower than 2023 [11] - **Cost and Quality**: The land rent cost was the same as that of soybeans, and the agricultural input cost in the east was basically unchanged. The quality of new - season corn was better than last year, especially in terms of high bulk density [11] - **Price and Market**: The opening price of corn was high but trended down. The short - term market was bearish, and the long - term market needed to wait for the bottom. The market was likely to be volatile with a smaller amplitude than last year [12]

Core Insights - A financial revolution is taking place in Gansu, transforming the financing ecosystem for Western enterprises through the People's Bank of China's unified movable property financing registration and public announcement system [1] Group 1: Movable Asset Monetization - Enterprises in Gansu are leveraging the unified registration system to convert various movable assets into financial resources, such as livestock, production equipment, and water rights [2] - A livestock company secured a loan of 3 million yuan by registering 600 cattle as collateral, demonstrating the system's effectiveness in facilitating financing [2] - The system enhances transaction efficiency and transparency, addressing issues like rights confirmation and priority ranking in collateral transactions [2][3] Group 2: Systemic Breakthroughs - The unified registration system addresses the long-standing challenge of insufficient collateral for small and micro enterprises, providing them with a "financial passport" [3] - Various banks in Gansu are adopting innovative financing models, such as using inventory and receivables as collateral, to support local businesses [3][4] - The system has enabled the financing of 1.7 billion yuan in the potato industry and 1.46 billion yuan for renewable energy projects, showcasing its broad applicability [4] Group 3: Innovative Practices - The application of the unified registration system reflects regional characteristics and industry-specific needs, with successful cases emerging in agriculture and green finance [4] - Innovative financing solutions, such as using electricity receivables as collateral, have led to significant loans for solar projects, indicating a trend towards green financing [4] Group 4: Gansu's Pathway - The People's Bank of China is actively promoting the use of the unified registration system through a comprehensive approach involving research, guidance, and publicity [6] - As of August 2025, nearly 100,000 guarantee registrations have been processed, with over 92% from small and micro enterprises, highlighting the system's impact [6] Group 5: Long-term Implications - The unified registration system is reshaping the financial landscape in Gansu by creating new financing pathways for small and micro enterprises [7] - It encourages banks to serve lighter asset businesses, promoting inclusive financial services [7] - The initiative is fostering a transparent credit environment, essential for building a robust regional financial ecosystem [7]

Group 1 - The agricultural processing sector rose by 0.43% on September 29, with COFCO Sugar leading the gains [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] - Key stocks in the agricultural processing sector showed varied performance, with COFCO Sugar closing at 16.21, up 1.89%, and other notable stocks like Guotou Zhonglu and Jinlongyu also experiencing gains [1] Group 2 - The agricultural processing sector saw a net outflow of 81.81 million yuan from institutional investors, while retail investors contributed a net inflow of 28.27 million yuan [2] - Major stocks like Jinlongyu and Chenguang Biological experienced significant net inflows from retail investors, despite overall sector outflows [3] - The data indicates a mixed sentiment among different investor types, with institutional investors pulling back while retail investors showed interest in specific stocks [3]

Core Insights - The article highlights the transformative journey of a farmer, E Shouhai, who leveraged e-commerce to revitalize his agricultural business and contribute to rural economic development [1][3][10] Group 1: Background and Initial Struggles - E Shouhai's early life was characterized by reliance on traditional farming methods, facing challenges such as poor infrastructure and weather dependency [3][6] - The turning point came when he decided to shift from selling pine nuts at low prices to establishing a dedicated pine nut collection business, using a second-hand tricycle for transportation [3][6] Group 2: Overcoming Adversity - A devastating fire destroyed his warehouse containing over 400 tons of pine nuts, leading to significant financial and reputational damage [6][10] - With support from friends and small loans, he managed to restart his business, demonstrating resilience and determination [6][10] Group 3: E-commerce Integration - The discovery of e-commerce opportunities, particularly through platforms like JD.com, marked a significant shift in his business model, allowing for broader market access [10][11] - The partnership with JD.com in 2017 resulted in a fivefold increase in sales, with annual supply reaching nearly 2,000 tons, transforming his operation into a leading local enterprise [10][11] Group 4: Community Impact and Future Aspirations - E Shouhai's business model includes long-term purchase agreements with local farmers, ensuring fair prices and boosting the local economy [11] - The company has expanded its reach beyond domestic markets, utilizing cross-border e-commerce to export products internationally, showcasing the potential of rural entrepreneurship [11]

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints The report presents a comprehensive overview of the futures market, including spot prices, fundamental information, macro - news, and capital flows. It covers multiple commodities such as palm oil, soybeans, and their derivatives, as well as related macro - economic indicators and policy actions. 3. Summary by Directory 01 Spot Quotes - The closing price of BMD Malaysian palm oil futures contract 12 was 4396.00, with a previous - day decline of 0.99% [1]. - Brent crude oil futures contract 12 on ICE closed at 68.82, with a previous - day increase of 0.03% and an overnight decline of 1.40% [1]. - NYMEX WTI crude oil futures contract 11 closed at 65.19, with a previous - day decline of 0.05% and an overnight decline of 1.72% [1]. - CBOT soybean futures contract 11 closed at 1014.00, with a previous - day increase of 0.20% and an overnight decline of 0.07% [1]. - The US dollar index was at 98.16, with a decline of 0.28% [1]. 02 Spot Quotes (Continued) - For DCE palm oil futures contract 2601, the spot price in North China was 9340, with a basis of 90 and a daily basis change of - 10 [2]. - For DCE soybean oil futures contract 2601, the spot price in Shandong was 8420, with a basis of 222 [2]. - For DCE soybean meal futures contract 2601, the spot price in Shandong was 2920, with a basis of - 25 and a daily basis change of 11 [2]. - The CNF quote for Brazilian imported soybeans was 478 dollars per ton, with a CNF premium of 290 cents per bushel [2]. 03 Important Fundamental Information 3.1 Production Area Weather - From October 1 to 5, high - temperature conditions will continue in major US soybean - producing states, with varying precipitation levels [3]. - The weather in the US Midwest will become dry over the weekend and this week, which is conducive to corn harvesting. However, scattered showers may delay the harvesting progress in the south and east regions until Thursday, but the drought situation may improve [5]. 3.2 International Supply and Demand - From September 1 - 25, 2025, Malaysian palm oil production decreased by 4.14% month - on - month, with a 3.19% decrease in yield per unit area and a 0.18% decrease in oil extraction rate [7]. - From September 1 - 25, 2025, Malaysian palm oil product exports were 795,947 tons, a 14.73% decrease compared to the same period last month [7]. - India's edible oil imports in the 2025/26 fiscal year are expected to increase by 4.6% to a record 17.1 million tons, driven by a 13.4% surge in palm oil imports to 9.3 million tons [8]. - As of the week ending September 23, CBOT soybean long positions decreased by 1407 lots to 165,944 lots, and short positions increased by 14,032 lots to 160,196 lots [8]. - Brazil's 2025/26 new - season soybean planting has started rapidly, with 4.16% of the expected planting area already sown, compared to 0.54% in the same period last year [9]. - As of last Friday, the soybean planting progress in Mato Grosso, Brazil, reached 5.97%, much faster than the 0.53% in the same period last year [9]. - After Argentina suspended the grain export tax from last Tuesday to Wednesday, it still has 7.6 million tons of soybean derivatives and 8.9 million tons of corn available for export, with a total value of 4.93 billion dollars [9]. - Consulting firm Expana has raised its forecast for EU rapeseed production in the current year to 20.4 million tons, a 21.4% increase from the previous year [10]. - As of the week ending September 24, the rapeseed harvesting rate in Saskatchewan, Canada, was 41.7% [10]. - In 2024, rapeseed accounted for less than a quarter of the raw materials for biodiesel and renewable diesel in Canada. Canada imported a large amount of used biodiesel and renewable diesel [11]. - On Friday, the Baltic Dry Index decreased by 7 points or 0.31% to 2259 points, with a weekly increase of 2.5% [12]. 3.3 Domestic Supply and Demand - On September 28, the trading volume of soybean oil and palm oil was 0 tons, a 100% decrease compared to the previous trading day [14]. - On September 28, the trading volume of soybean meal in major domestic oil mills was 30,500 tons, a decrease of 32,000 tons compared to the previous trading day [14]. - In the 39th week (September 20 - 26), the actual soybean crushing volume of domestic oil mills was 2.2672 million tons, with an operating rate of 63.28%, 120,600 tons lower than the forecast [14]. - As of the week ending September 26, the self - breeding and self - raising pig farming profit was a loss of 74.11 yuan per head, and the profit from purchasing piglets for farming was a loss of 236.57 yuan per head [15]. - On September 28, the "Agricultural Product Wholesale Price 200 Index" was 118.85, up 0.07 points from last Friday [15]. 04 Macroeconomic News 4.1 International News - The final value of the US one - year inflation rate expectation in September was 4.7%, lower than the expected 4.8% [17]. - The final value of the US Michigan Consumer Confidence Index in September was 55.1, lower than the expected 55.4 [17]. - The US core PCE price index annual rate in August was 2.9%, in line with expectations [17]. - The EU has appealed the panel report on the Indonesian biodiesel import tariff dispute at the WTO [17]. 4.2 Domestic News - On September 26, the US dollar/Chinese yuan exchange rate was reported at 7.1152, up 34 points (depreciation of the Chinese yuan) [19]. - On September 26, the People's Bank of China conducted 165.8 billion yuan of 7 - day reverse repurchase operations, resulting in a net withdrawal of 188.5 billion yuan [19]. - In August, the profits of industrial enterprises above the designated size in China increased by 20.4% year - on - year, compared to a 1.5% decline in the previous month [20]. - The third - quarter (110th) regular meeting of the Monetary Policy Committee of the People's Bank of China was held on September 23, emphasizing the implementation of a moderately loose monetary policy [20]. 05 Capital Flows - On September 26, 2025, the futures market had a net capital outflow of 7.678 billion yuan, including a net outflow of 7.205 billion yuan in the commodity futures market, 246 million yuan in the stock index futures market, and 132 million yuan in the treasury bond futures market [22]. 06 Arbitrage Tracking No relevant content provided.

1. Investment Ratings No investment ratings are provided in the report. 2. Core Views - The report analyzes various commodities and financial markets, including energy, metals, agricultural products, and financial instruments, providing insights into their price trends, supply - demand dynamics, and investment strategies based on current market conditions and geopolitical factors [2][3][4] 3. Summary by Commodity Energy - **Crude Oil**: International oil prices rose last week. Supply concerns remain due to the Russia - Ukraine conflict and sanctions on Iran. OPEC+ may decide to increase production slightly. It is recommended to maintain a configuration of short futures and long call options [2] - **Fuel Oil & Low - Sulfur Fuel Oil**: Geopolitical factors may drive oil prices and fuel oil prices higher. High - sulfur fuel oil is directly supported by potential Russian export disruptions, while low - sulfur fuel oil is constrained by weak demand and other factors [21] - **Bitumen**: Market pre - holiday stocking enthusiasm increased. With production adjustments and seasonal demand support, bitumen is expected to be slightly bullish [22] - **Liquefied Petroleum Gas**: Affected by typhoons, import volumes decreased. With expected growth in consumption, the LPG market has rebounded [23] Metals - **Precious Metals**: The medium - term upward trend of precious metals remains unchanged, but there is high volatility risk during the National Day holiday. It is recommended to stay on the sidelines [3] - **Copper**: In the fourth quarter, copper prices are affected by interest rate meetings and supply disruptions. Technically, there is potential for a trend breakthrough. Support levels for LME copper and SHFE copper are provided [4] - **Aluminum**: Aluminum consumption was lower than expected in September. The market lacks strong drivers and faces resistance at previous highs [5] - **Alumina**: Supply is in significant surplus, and prices are weak. The support level is around 2,800 yuan [6] - **Zinc**: The domestic market has a supply - demand imbalance. The external market has low inventory but high prices. The price difference between domestic and foreign markets is expected to be limited [8] - **Lead**: The supply - demand of lead is weak, and the price is expected to consolidate in the range of 17,000 - 17,300 yuan [9] - **Nickel & Stainless Steel**: Nickel prices are weakening, and stainless steel prices are supported by cost factors but face limited upside [10] - **Tin**: There is no clear trend in tin prices. It is recommended to hold a light position and wait and see after stocking [11] - **Carbonate Lithium**: Lithium prices show support at low levels but face downward pressure from expectations [12] - **Industrial Silicon**: The futures price is supported by the spot market but has limited upside due to the supply - demand pattern [13] - **Polysilicon**: The futures price is expected to oscillate at the lower end of the range due to supply - demand and policy factors [14] Steel - **Thread & Hot - Rolled Coil**: Steel prices fell. Thread demand improved, while hot - rolled coil demand and production declined slightly. Overall, the market is weak due to poor profits and weak downstream demand [15] - **Iron Ore**: The supply is relatively strong, and the demand is supported by high iron - making production. The price is expected to oscillate at a high level [16] - **Coke**: The price is expected to decline after the double - festival stocking is completed, although there is some support from downstream demand [17] - **Coking Coal**: Similar to coke, the price is expected to decline after the double - festival stocking, with supply - demand factors providing some support [18] Chemicals - **Urea**: Supply exceeds demand, and prices are under pressure. Attention should be paid to policy adjustments [24] - **Methanol**: Port inventories are decreasing, but high - level inventories and expected accumulation limit price increases. Overseas plant gas restrictions need to be monitored [25] - **Pure Benzene**: The price rebounded slightly but faced resistance due to high imports and weak demand expectations [26] - **Styrene**: Inventories increased before the National Day, and price increases were blocked [27] - **Polypropylene, Plastic & Propylene**: The market is in a state of supply - demand game, with prices oscillating in a range [28] - **PVC & Caustic Soda**: PVC has high supply and inventory, and the price may be weak. Caustic soda has a weak current situation but strong expectations, and the price is expected to oscillate [29] - **PX & PTA**: PX expectations weakened, and PTA is under supply - demand pressure despite some profit improvement [30] - **Ethylene Glycol**: Supply pressure is expected to increase in the fourth quarter, and the price is under pressure [31] - **Short - Fiber & Bottle - Chip**: Short - fiber demand is improving, and bottle - chip prices are slightly strong due to production disruptions [32] Agricultural Products - **Soybean & Soybean Meal**: The soybean meal market is affected by foreign policies. It is recommended to wait and see in the short term and be cautiously bullish in the long term [36] - **Soybean Oil & Palm Oil**: The soybean supply chain may face short - term tightness, but the risk is expected to ease. Palm oil has supply - side drivers. It is recommended to consider a protective call strategy [37] - **Rapeseed & Rapeseed Oil**: The rapeseed - related market is expected to oscillate in the short term [38] - **Soybean No.1**: Domestic soybeans are showing a price rebound, and attention should be paid to domestic and foreign supply and demand [39] - **Corn**: With expected high production and weak demand, corn futures are expected to be weak [40] - **Live Pigs**: The supply is large, and the price is under pressure. Attention should be paid to secondary fattening and government policies [41] - **Eggs**: The short - term price increase momentum is limited, and it is recommended to consider long positions in far - month contracts [42] - **Cotton**: US and domestic cotton prices are under pressure due to weak demand and supply progress [43] - **Sugar**: US sugar prices face pressure, and the domestic sugar production outlook is relatively good [44] - **Apple**: The new - season cold - storage inventory may be higher than expected, and the price faces pressure [45] - **Timber**: Supply is low, demand in the peak season is weak, and the price lacks upward momentum [46] - **Pulp**: The price is oscillating at a low level, and attention should be paid to inventory changes [47] Financial Instruments - **Stock Index**: A - shares declined, affected by factors such as the Fed's policy and geopolitical situation. It is recommended to control positions before the National Day [48] - **Treasury Bonds**: Treasury futures rose, and the yield curve is expected to steepen [49]

九月的即可达公司，国际交流热潮持续涌动。继 9 月 25 日乌兹别克斯坦商务外交协会考察团到访后，9 月 27 日俄罗斯考察团再临，两场跨国对 话围绕技术与合作展开，为公司国际化发展注入新动能。 9 月 27 日，核心成员为俄罗斯农业加（Аграрий Плюс）公司总经理、俄罗斯农业杂志社总编奥利谢维奇・莉莉娅・菲尔达乌索夫娜（Олисевич Лилия Фирдаусовна）带领俄罗斯农业领域企业家和农场主来我公司考察，期间，即可达总经理王继明、副总经理张迎春全程陪同。 随后双方举行专项座谈会，王继明总经理系统介绍公司发展历程、产业布局及国际化规划，张迎春副总经理补充技术研发与服务模式。俄罗斯考 察团围绕产品适配性、技术合作前景等核心问题提问，双方深入探讨合作的可能性。 9 月 25 日，上午在武陟洽谈会现场，乌兹别克斯坦商务外交协会考察团通过我司鹌鹑蛋加工技术宣传视频，直观了解智能化生产流程与品质管控 体系，当场表达浓厚兴趣，特别提及当地暂未具备同类成熟加工技术，详细咨询技术细节与产业适配方案。 下午，乌兹别克斯坦商务外交协会考察团到访即可达公司，重点关注公司鹌鹑蛋加工技术，充分了解技术优势。 据考 ...

Group 1 - The event held on September 28 focused on promoting labor education and the "Research Study Pinggu" brand, aiming to enhance the educational, economic, and cultural strength of Pinggu District [1] - A total of 100 hours of high-quality labor education courses were launched, covering various fields such as agricultural experience, technological practice, and cultural heritage, making the study trips practical and relevant to students [1] - The "Research Study Pinggu" brand integrates education with cultural tourism and agriculture, creating a complete industrial chain from course development to base operation and service assurance [1] Group 2 - The event showcased unique courses, including a live streaming simulation by students, which allowed them to experience the fun of online sales [2] - Local enterprises, such as Zixingyuan (Beijing) Food Technology Co., provided educational insights, revealing the secrets behind their award-winning products [2] - The event featured ten observation classes, including traditional crafts and innovative agricultural practices, highlighting the achievements of labor education in Pinggu District [2]