{"product_id":"ctyi-pestle-analysis","title":"China Tianying PESTLE Analysis","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSkip the Research. Get the Strategy.\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eDiscover how political shifts, regulatory pressure, and environmental mandates are reshaping China Tianying’s prospects in our focused PESTLE analysis. Actionable insights on economic trends, social attitudes, and technological innovation reveal strategic risks and growth levers. Purchase the full report to access the complete, ready-to-use breakdown and stay ahead of competitors.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eolitical factors\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCentral “dual‑carbon” agenda\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eChina’s 2030 peak and 2060 neutrality targets elevate waste‑to‑energy in the energy‑transition mix, strengthening national approvals and alignment with provincial development plans. China Tianying can position projects as carbon‑mitigation infrastructure to access green finance and permits. Policy continuity lowers planning risk but heightens performance scrutiny via the national ETS (covering ~40% of emissions) and provincial targets.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMunicipal procurement \u0026amp; PPP orientation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eLocal governments remain China Tianying’s primary counterparties via PPP\/EPC\/BOO; central MOF\/NDRC guidance in 2023–24 pushed standardized concession terms to improve payment reliability. Payment risk tracks municipal fiscal health and 2024 special bond issuance (about CNY4.5 trillion), so strong bid management and stakeholder engagement are essential. Bankable contracts materially lower financing costs and clarify pipeline visibility.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSubsidies \u0026amp; grid priority dynamics\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eNational and provincial incentives plus grid dispatch priority directly affect Tianying's WtE margins; tipping fees in major Chinese cities averaged about 200–350 RMB\/ton in 2024, materially supporting project cashflows. Changes to feed-in or tipping-fee frameworks can swing project IRRs by several percentage points, so close tracking of NDRC and MEE guidance is essential. Diversifying revenue beyond power sales—RDF, heat, gate fees—hedges regulatory shifts.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAnti‑corruption \u0026amp; governance expectations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eHeightened anti‑corruption scrutiny since 2012 and reinforced in 2024 raises compliance costs in public works, tightening bidding and execution for China Tianying; transparent procurement, audit trails and ESG disclosures are now standard expectations for major tenders. Strong internal controls protect operating licenses and reputation, while noncompliance can trigger exclusion from future government tenders.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eCompliance: mandatory procurement transparency and audit trails (2024 enforcement uptick)\u003c\/li\u003e\n\u003cli\u003eESG: greater disclosure expectations in public contracts\u003c\/li\u003e\n\u003cli\u003eControls: internal systems safeguard licenses\/reputation\u003c\/li\u003e\n\u003cli\u003eRisk: breaches can bar participation in future tenders\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGeopolitics \u0026amp; tech\/self‑reliance push\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eChina's 14th Five-Year Plan and industrial policies prioritize domestic substitution, pushing local equipment and IP adoption for infrastructure and waste-management firms like China Tianying; export controls (eg restrictions on EUV sales to China and tightened US chip rules since 2020s) limit access to certain advanced components—ASML EUV tools cost about 150 million each—so indigenous tech stacks reduce disruption risk and supply-chain exposure, and partnerships require localization and security reviews.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eDomestic priority: 14th Five-Year Plan drives local IP\u003c\/li\u003e\n\u003cli\u003eExport controls: EUV ban, tightened US chip rules\u003c\/li\u003e\n\u003cli\u003eCost signal: ASML EUV ≈150 million per unit\u003c\/li\u003e\n\u003cli\u003eStrategy: build indigenous stacks to cut disruption risk\u003c\/li\u003e\n\u003cli\u003ePartnerships: expect localization and security review\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003e2030\/2060 targets spur WtE growth as ETS covers ~40% and municipal bond risk rises\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003e2030 peak\/2060 neutrality boost WtE policy support; national ETS covers ~40% emissions, raising performance scrutiny (2024 enforcement uptick).\u003c\/p\u003e\n\u003cp\u003eLocal govts are primary counterparties; municipal payment risk linked to 2024 special bond issuance ≈CNY4.5tn.\u003c\/p\u003e\n\u003cp\u003eTipping fees (2024) ~RMB200–350\/ton; 14th Five-Year Plan and export controls push localization and indigenous tech.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eItem\u003c\/th\u003e\n\u003cth\u003e2024 Data\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eETS coverage\u003c\/td\u003e\n\u003ctd\u003e~40%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSpecial bonds\u003c\/td\u003e\n\u003ctd\u003eCNY4.5tn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTipping fees\u003c\/td\u003e\n\u003ctd\u003eRMB200–350\/ton\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eASML EUV cost\u003c\/td\u003e\n\u003ctd\u003e≈150m USD\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eExplores how external macro-environmental factors uniquely affect China Tianying across Political, Economic, Social, Technological, Environmental and Legal dimensions, with data-backed trends and forward-looking insights to identify threats and opportunities; designed for executives, investors and strategists and formatted for direct use in plans and decks.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA clean, summarized PESTLE of China Tianying for quick reference in meetings and presentations; visually segmented by category, editable for regional or business-line notes, and easily shareable to streamline external risk discussions, team alignment, and strategic planning.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eE\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003economic factors\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUrbanization driving waste volumes\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eRapid urbanization—urban population roughly 67% of China by the mid-2020s—sustains feedstock for collection, transfer and WtE plants as city growth concentrates waste streams. Rising MSW per capita (around 0.6 kg\/day) underpins high utilization, with many WtE assets operating near 80–90% capacity. China Tianying benefits from concession volume guarantees that secure minimum throughput, while demand elasticity across municipal services supports multi-service cross-sell opportunities.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFee structures \u0026amp; power price exposure\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eChina Tianying's revenue blends tipping fees, electricity sales and by‑product recovery, with power sales increasingly exposed as China advances marketization of power prices. Ongoing power price reforms can compress margins during spot price volatility, while indexed or floor‑price contract clauses have been used to stabilize cash flows. Hedging strategies and long‑term offtake agreements improve earnings visibility and reduce merchant risk.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInterest rates \u0026amp; project financing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCapital intensity in waste‑to‑energy means debt costs drive project IRR: with China 10‑yr government bond yield around 2.7% (mid‑2025) and 1‑yr LPR ~3.55%, each 100bp move can swing IRR materially. Rate cycles and access to credit determine build‑out pace as banks tighten during hikes. Green finance and sustainability‑linked loans—common in China’s RMB 12tn+ green loan stock—can cut spreads 10–50bps. Lenders demand robust DSCR (typically 1.3–1.5+) and tight covenants.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommodity cycles for recovered materials\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eCommodity cycles for recovered metals, bottom ash aggregates and recyclables materially affect China Tianying’s ancillary income, with spot-price swings driving margin pressure; volatility is commonly mitigated through fixed-price contracts and diversified offtake channels, while quality certification expands industrial buyers and premium pricing.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003efixed-price contracts\u003c\/li\u003e\n\u003cli\u003ediversified outlets\u003c\/li\u003e\n\u003cli\u003equality certification\u003c\/li\u003e\n\u003cli\u003einventory \u0026amp; logistics discipline\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLocal fiscal health \u0026amp; payment timeliness\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eMunicipal budget stress can delay payments for China Tianying projects; China set a 2024 local government special bond quota of about 3.65 trillion RMB, underscoring reliance on central-backed financing to smooth cash flows. Credit enhancements, escrow arrangements and provincial guarantees materially lower receivable risk. Milestone-based billing and active accounts-receivable management limit cash-swing volatility and protect liquidity.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eMunicipal budget stress → payment delays\u003c\/li\u003e\n\u003cli\u003e3.65 trillion RMB 2024 special bond quota → central support\u003c\/li\u003e\n\u003cli\u003eCredit enhancements\/escrow\/provincial guarantees → lower receivable risk\u003c\/li\u003e\n\u003cli\u003eMilestone billing + active AR → reduced cash volatility\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003e2030\/2060 targets spur WtE growth as ETS covers ~40% and municipal bond risk rises\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eUrbanization (~67% mid-2020s) and MSW ~0.6 kg\/day sustain high WtE volumes (utilisation 80–90%). Funding and rates matter: 10y gov yield ~2.7% (mid‑2025), 1y LPR ~3.55%, DSCR targets 1.3–1.5. Central support: 2024 local government special bond quota ~3.65tn RMB; green loans (RMB 12tn+ stock) cut funding spreads 10–50bps, aiding expansion.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eUrbanization\u003c\/td\u003e\n\u003ctd\u003e~67% (mid‑2020s)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMSW per capita\u003c\/td\u003e\n\u003ctd\u003e~0.6 kg\/day\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUtilisation\u003c\/td\u003e\n\u003ctd\u003e80–90%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e10y gov yield\u003c\/td\u003e\n\u003ctd\u003e~2.7% (mid‑2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e1y LPR\u003c\/td\u003e\n\u003ctd\u003e~3.55%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e2024 special bond\u003c\/td\u003e\n\u003ctd\u003e3.65tn RMB\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGreen loan stock\u003c\/td\u003e\n\u003ctd\u003eRMB 12tn+\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDSCR target\u003c\/td\u003e\n\u003ctd\u003e1.3–1.5\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eFull Version Awaits\u003c\/span\u003e\u003cbr\u003eChina Tianying PESTLE Analysis\u003c\/h2\u003e\n\u003cp\u003eThe preview shown here is the exact China Tianying PESTLE Analysis you’ll receive after purchase—fully formatted and ready to use. It contains comprehensive political, economic, social, technological, legal, and environmental insights tailored to the company. No placeholders or teasers—this is the final, downloadable file.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"PortersFiveForce","offers":[{"title":"Default Title","offer_id":55675926741369,"sku":"ctyi-pestle-analysis","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0914\/5276\/8633\/files\/ctyi-pestle-analysis.png?v=1755810299","url":"https:\/\/portersfiveforce.com\/products\/ctyi-pestle-analysis","provider":"Porter's Five Forces","version":"1.0","type":"link"}