The United States and Europe "showdown" on trade disputes, and the European side wants the White House to change its "distorted" policy.

  [Special correspondent of Global Times in Germany and South Korea Aoki Zhang Jing Wang Yi] "We participated in this war together for the same principle, but paid a different price" "If the result of the conflict is that Europe becomes weaker, I believe this is not in the interest of the US government or even American society" — — In an exclusive interview broadcast by CBS)4 on the 4th, French President Macron expressed dissatisfaction with the current policy of the US government and called for "re-synchronization" of US-European relations. On December 5, local time, the US-EU Trade and Technology Committee held its third meeting in the United States. As before, the US side talked about the so-called "joint response to China’s non-market behavior" at this meeting, while the German media said that the US Inflation Reduction Act was the most important issue at this meeting. Prior to this, Ursula von der Leyen, President of the European Commission, pointed out in his speech on the 4th that the US policy "distorts the market", members of the European Parliament threatened to sue the United States to the WTO, and some media even said that "the economic war between Europe and the United States is inevitable". On the same day, a joint delegation of the South Korean government and Congress arrived in the United States, and their goal was also to ask the United States to adjust the Inflation Reduction Act. "Seoul News" said in an editorial on the 5 th that "the United States must correct its policy of discriminating against Korean electric vehicles".However, South Korean officials are cautious.

  "When you want to talk about China, you should also talk about the Inflation Reduction Act."

  Macron just finished his state visit to the United States last week. In an interview with CBS, he said that the current US administration and President Biden are very "dependent" on Europe, but their relations are out of sync. Europe is a buyer of natural gas and oil, and the United States is a producer. The price gap between the two sides in purchasing energy is huge. CBS said that with Russia’s restrictions on the supply of natural gas to Europe and market turmoil, Europe bought more natural gas from the United States, but the price was six times that paid by Americans. "We participated in this war together for the same principle," Macron said, "but at a different price."

  "Now the subsidy level in the United States is two to three times that in Europe." Macron said that the United States and Europe have the same position in the Russian-Ukrainian conflict, but "if the result of the conflict is that Europe will become weaker, because many of its industries will be strangled, I believe this is not in the interest of the US government or even American society". He said that the US policy is obviously to protect the American middle class. "This is fair, and I am doing the same for my country. This is to compete with China, but I want to say that this is not good for Europe. "

  "A showdown between the United States and Europe", the European version of the US "Political News Network" reported on the 5th that European Commission President Ursula von der Leyen made a substantive response to the US Inflation Reduction Act for the first time when he delivered a speech at the European Academy in Bruges on the 4th. She said that the US bill "may lead to unfair competition, close the market and split key supply chains" and "we must take action to rebalance the distorted competitive environment caused by the Inflation Reduction Act and other measures".

  "Political News Network" said that Ursula von der Leyen’s position has changed greatly compared with before. After Biden signed the Inflation Reduction Act in August this year, she sent a tweet to congratulate Biden in the middle of the night. The report said, "The timing (expressed by Ursula von der Leyen) is very important — — On the eve of the meeting of the US-Europe Trade and Technology Committee today. "

  On the 5th, the US-EU Trade and Technology Committee held its third meeting in Maryland. The participants included US Secretary of State Blinken, Secretary of Commerce Raymond, US Trade Representative Daiqi, and Executive Vice-Presidents dombrowski and Vestager of the European Commission. Reuters said that the framework of the meeting was established a year ago, and the focus of the first two meetings was "regulatory cooperation and building a United front against China’s non-market economy behavior". However, at this year’s meeting, senior EU officials intend to "loudly complain" to their American counterparts that the Biden administration’s Inflation Reduction Act excludes European-made cars from tax relief.

  It is reported that the meeting will issue a joint statement later on the 5th local time. The draft statement obtained in advance by Reuters said that the two sides would say that "we understand the concerns of the EU and emphasize our commitment to solving these problems constructively", but did not list specific measures to resolve the dispute. The National Security Council of the White House issued a statement saying that the United States and the European Union are considering a joint response to China’s large-scale investment in the medical device industry. This is one of several expected results of today’s meeting.

  Washington post said on the 4th that Biden’s signing of the Inflation Reduction Act triggered a trade dispute, which some allies thought was Biden’s "US priority" trade policy. According to the report, in Brussels, European diplomats are evaluating different options, including launching the "Buy European Goods" policy, and taking advantage of the Biden administration’s desire to coordinate China’s strategy to emphasize the European point of view. "When you want to talk about China, you should also talk about the Inflation Reduction Act." A senior EU diplomat said.

  "Deutsche Welle" said that in the eyes of Europeans, the US policy is the most important issue at this meeting. Sü ddeutsche Zeitung said that the United States hopes to join hands with the European Union to deal with China, and the meeting on the 5th will announce that Europe and the United States hope to jointly formulate reliable artificial intelligence standards. "But compared with this fundamental transatlantic dispute, what the meeting will announce is insignificant."

  Korean media: "The United States must correct its policy of discriminating against Korean electric vehicles."

  On the day before the key meeting between the United States and Europe, a joint delegation of the South Korean government and Congress arrived in the United States. Yonhap News Agency said on the 5th that the US Inflation Reduction Act, which has been implemented, stipulates that only electric vehicles assembled in North America can give buyers a tax credit of up to $7,500. This discriminatory car purchase subsidy policy is adversely affecting the sales of Korean-made electric vehicles in the United States, and the sales of Hyundai and Kia electric vehicles in the United States have dropped sharply.

  Answering a reporter’s question at Reagan National Airport in Washington on the 4th local time, An Degen, head of the Ministry of Industry, Trade and Resources of the Republic of Korea, said that many organizations and countries such as the European Union and Japan are also raising objections to the US, and the US government seems to think that the above problems should be solved to some extent during the implementation of the bill, but it remains to be seen to what extent. He said that the US-Europe Trade and Technology Committee will hold a meeting on the 5th, and will judge the areas where Korea and Europe can cooperate depending on its results.

  "The United States must correct its policy of discriminating against electric vehicles in South Korea," said an editorial in Seoul News on the 5th. The US Inflation Reduction Act was strongly opposed not only by South Korea, but also by major American Asian and European allies such as the European Union, Japan and Australia. From next year, the proportion of battery components and core materials used in electric vehicles will be added to the subsidy payment standard, further strengthening the discrimination against Korean-made electric vehicles.

  Yonhap News Agency mentioned on the 5th that after Biden met with Macron on the 1st, he said at the press conference that the Inflation Reduction Act had "minor flaws" and promised to make "fine-tuning". However, the ROK believes that it is difficult to predict the intention of the US remarks at present and is cautious about this.

  "Buy European goods" VS "Buy American goods"

  The position of the EU has been endorsed by some American media. "Don’t ignore European opposition." Bloomberg said on the 5th that Macron criticized the US trade policy for "splitting the West", which may sound alarmist, but the fact is correct. According to the article, the Biden administration’s response to European complaints is that it is understandable for the US government to apply public investment to American manufacturing, and other governments can follow the example of the United States and subsidize their domestic producers. But the problem is that Biden’s policy distorts the competitive environment of international trade and puts foreign producers at a very unfavorable position. "Doing so will produce two major problems. First of all, favoring domestic producers reduces the cost-effectiveness of public investment. " "Second, protectionism makes the United States run counter to its international commitments. The principle of free trade is embodied in the rules of the WTO, which have been difficult to implement on a global scale. This is partly because some countries led by the United States have left the WTO system in disrepair. " According to the article, if Europe responds to the American practice with its bold "buy European goods" policy, there may be further retaliation and counter-retaliation, then the multilateral trading system will soon collapse.

  Ursula von der Leyen said in his speech on the 4th that in order to balance the global competition brought about by the implementation of the US Act, the EU will adjust its state aid rules to help enterprises lured by the US subsidy policy and prevent investment outflows. She said that a costly trade war is not in the interests of Europe or the United States.

  Langer, Chairman of the International Trade Committee of the European Parliament, said in an interview with the German Funk Media Group on the 4 th that the US policy has become law and cannot be expected to be resolved through negotiations. "This is why I think it is necessary for the EU to file a complaint with the WTO quickly in the next few months." He said.

  "The economic war between Europe and America is inevitable", German Economic Weekly said on the 5th that today’s meeting of the US-Europe Trade and Technology Committee will not resolve the debate on US policy. Europe will take countermeasures so that European enterprises will not migrate to the United States in large numbers. Europe and the United States are facing an intractable economic war.

  The Washington Observer reported on the 5th that "Biden is in a dilemma between pleasing manufacturers, trade unions and European allies". A number of Democratic lawmakers have expressed their refusal to amend the Inflation Reduction Act, and American allies are increasingly dissatisfied with this.

2019 iconic economic data market: breaking through the warm heart and boosting gas

Shanghai Port Container Terminal, Anji County, Huzhou City, Zhejiang Province. Xinhua news agency

Fuzhou Airport Port ushered in a small peak of inbound and outbound passenger flow during Spring Festival travel rush. Xinhua news agency

Villagers in Rong ‘an County, Liuzhou City, Guangxi Province show kumquat just picked. Xinhua news agency

In the body workshop of BMW Brilliance Dadong Factory in Shenyang, the robot arm is manufacturing the body. Xinhua news agency

Qingdao Port Fully Automated Terminal (Phase II) was put into operation. Xinhua news agency

The new year market in Kunming, Yunnan is booming. Xinhua news agency

The staff in Yiwu China Import Commodity City put the imported red wine that has just arrived. Xinhua news agency

  [Economic Interface]

  Time flies like a blink. Looking back on 2019, there are too many people, too many things and too many important moments in my memory. The grand celebration of the 70th anniversary of the founding of New China seems to be yesterday, and 2020 has passed more than 20 days and nights. Looking back at the crucial year of 2019, there are many dimensions and perspectives. Not long ago, the centralized release of China’s annual economic report data made us discover a special way of memory — — Digital memory. This year, a series of iconic economic data were born in the sweat, showing the elegance of China, the strength of China and the spirit of China in a unique way.

  The data is silent and rich in connotation. It tells the world, in a rational and rigorous way, what confidence and strength we have towards the first century-long goal of the Chinese nation.

  Break through! These data freeze the moment when economic powers leap to a new level.

  [Scene] On the morning of January 17th, 2020, the press conference hall of the State Council Information Office, No.11 West Chang ‘an Avenue, Beijing. Chinese and foreign journalists gathered, and reporters were already there at 8: 30. As soon as the official release time was 10: 00, a shocking message immediately spread all over the world through various new media platforms — — "heavy! China’s per capita GDP exceeded $10,000. " At the end of the press conference, it was nearly 12 noon, and reporters rushed to the front again, surrounded by Ning Ji Zhe, director of the National Bureau of Statistics, who still had many questions to answer.

  Data 1

  The per capita gross domestic product (GDP) has exceeded $10,000 — — Per capita GDP is the main index to compare the economic development level of various countries. Crossing this node, the income level, consumption structure, market scale and innovation conditions of a country’s residents will all reach a new level.

  Data 2

  6.1%— — In 2019, China’s GDP reached 99,086.5 billion yuan, close to 100 trillion yuan. Calculated at comparable prices, it increased by 6.1% over the previous year, in line with the expected target of 6%-6.5%.

  Data 3

  30733 yuan — — In 2019, the per capita disposable income of the national residents was 30,733 yuan, an increase of 8.9% over the previous year, and it exceeded 30,000 yuan for the first time. The growth rate was 0.2 percentage points faster than that of the previous year; After deducting the price factor, the real growth rate was 5.8%, which was basically in sync with the economic growth and roughly the same as the per capita GDP growth.

  In 2019, China’s per capita GDP has exceeded $10,000, which is higher than the average level of upper-middle-income countries. "This not only means that China’s economic aggregate is constantly expanding, but also shows that the quality of China’s economic development is steadily improving and people’s lives are constantly improving, which not only lays a solid foundation for China to achieve a well-off society in an all-round way this year, but also makes our due contribution to the development and progress of all mankind. It has important symbolic significance. " Ning Ji Zhe said.

  According to the data of the World Bank, the population of countries with a per capita GDP of more than $10,000 in 2018 is about 1.5 billion. As China, with a total population of 1.4 billion, steps into the ranks of countries with a per capita GDP of more than US$ 10,000, the population of countries in this ranks will be close to 3 billion. Of the more than 7 billion people in the world, due to China’s entry, the per capita GDP of 3 billion people has reached more than 10,000 US dollars. This is a great progress in human economic and social development, and also a contribution made by China as a developing and emerging economy to the world. Therefore, doing a good job in China is a contribution to the world.

  Although per capita GDP and per capita disposable income are not the same concept, from the data point of view, "in 2019, the per capita disposable income of Chinese residents exceeded 30,000 yuan, which laid a good foundation for building a well-off society in an all-round way in 2020." Ning Ji Zhe said.

  In 2019, China’s GDP grew by 6.1%, ranking first among the major economies in the world and ranking first among the economies with more than US$ 1 trillion.

  From a global perspective, according to the forecast of Global Economic Outlook published by the World Bank in January 2020, the economy of high-income countries will grow by 1.7% and that of developing countries by 3.7% in 2019; Among them, the United States grew by 2.3%, the euro zone by 1.1%, Japan by 1.1%, Brazil by 1.1%, Russia by 1.2%, India by 5.0% and South Africa by 0.4%. Under the complicated situation of obvious increase in external risk challenges, China’s economy has maintained steady growth, showing strong resilience.

  From the historical coordinates, this is a landmark data in the 70 years since the founding of New China. In 1952, China’s total GDP was only 67.9 billion yuan. In 1986, it exceeded the trillion yuan mark, in 2000 it exceeded the 10 trillion yuan mark, and in 2010 it surpassed Japan to become the second largest economy in the world. Since the Third Plenary Session of the 18th CPC Central Committee, the total GDP has reached 70 trillion yuan, 80 trillion yuan and 90 trillion yuan in five years, and it is close to 100 trillion yuan in 2019, contributing about 30% to the world economic growth.

  At the same time, Ning Ji Zhe emphasized that we should also be soberly aware that the basic national conditions of China, which is in the primary stage of socialism for a long time, have not changed, and the problems of China’s large population, underdeveloped productive forces and inadequate development imbalance are still outstanding. China’s international status as the largest developing country in the world has not changed. To build China into a modern socialist country and realize the great rejuvenation of the Chinese nation, we need to work hard for a long time.

Warm heart! These data confirm that building a well-off society in an all-round way is closer to us. 

  [Story] As the Spring Festival approaches, Ma Baoyin, a 61-year-old villager from Longerze Village, Gankunwan Town, Yanchuan County, Shaanxi Province, is about to usher in the first Lunar New Year in his spacious and bright new house. In May 2019, Yan ‘an bid farewell to absolute poverty as Yanchuan and Yichuan, the last two poverty-stricken counties in the revolutionary holy land of Yan ‘an, withdrew from poverty. The "two guarantees and three guarantees" for poor people in Yan ‘an have been basically realized, the rural infrastructure has been comprehensively improved, and 2.26 million people in the old liberated areas have started a new life towards a well-off society in an all-round way. Xue Zhanhai, Mayor of Yan ‘an, said that the focus of Yan ‘an’s poverty alleviation has shifted to the consolidation and promotion of poverty alleviation achievements, ensuring that no one is left behind and no one is left behind on the road to a well-off life in the old areas.

  Data 1

  11.09 million — — According to the latest statistics, another 11.09 million rural poor people have been lifted out of poverty, with more than 10 million people lifted out of poverty for seven consecutive years. According to the current poverty standards, by the end of 2019, the rural poor population had dropped to 5.51 million.

  Data 2

  More than 60% for the first time & mdash; — By the end of 2019, the proportion of urban resident population in the total population had reached 60.6%, exceeding 60% for the first time, which is a landmark data for China’s industrialization and urbanization.

  Data 3

  Four declines — — In 2019, China’s energy consumption per 10,000 yuan of GDP decreased by 2.6% compared with the previous year, and the Engel coefficient of the national residents decreased by 0.2 percentage points compared with the previous year, which decreased for eight consecutive years; The average concentration of PM2.5 in cities below the standard level and above decreased by 2.4% compared with the previous year, and the micro leverage ratio continued to decline steadily.

  In 2019, faced with the complicated situation that risks and challenges at home and abroad have increased significantly, the China Municipal Government unswervingly implemented the new development concept, made great efforts to fight three tough battles, and handed over the report card of steady progress, laying a more solid foundation for building a well-off society in an all-round way. Han Wenxiu, deputy director of the Office of the Central Financial and Economic Committee, said that from the 15th National Congress of the Communist Party of China to the 16th National Congress of the Communist Party of China, and then to the 18th National Congress of the Communist Party of China, we have always taken this as a strategic goal. After decades of struggle, decisive progress has been made in building a well-off society in an all-round way. It should be said that the achievements in building a well-off society in an all-round way are even better than originally expected.

  In 2019, the intensity, depth and accuracy of China’s poverty alleviation work reached a new level, and the funds, projects and initiatives in deep poverty-stricken areas increased; Industry, employment, education, health and poverty alleviation have been solidly promoted, and about 340 poverty-stricken counties across the country have taken off their hats; The task of ex situ poverty alleviation and relocation in the "Thirteenth Five-Year Plan" was basically completed.

  According to the National New Urbanization Plan published by the State Council in 2014, the urbanization rate of permanent residents will reach about 60% in 2020. This also means that the urbanization rate of permanent residents will reach 60% one year ahead of schedule in 2019. Experts pointed out that with the urbanization rate exceeding 60%, China’s urbanization will gradually enter the second half and the second urbanization stage. Compared with the flow of population from township to city in the process of primary urbanization, secondary urbanization is the flow between cities, from small and medium-sized cities to central cities and metropolises.

  According to the data of 2019, the contribution rate of final consumption expenditure to economic growth reached nearly 60%, and consumption played a fundamental role in China’s economic development, which was the first driving force for China’s economic growth. Quality, personalization and diversified consumption are active, and products such as wearable smart devices and smart household appliances are growing rapidly. Communication equipment and cosmetics products increased by 8.5% and 12.6% respectively.

  This year’s economic work should focus on the advantages, focus on key points, fill shortcomings, strong and weak items, accurately fill the shortcomings of building a well-off society in an all-round way, and ensure the successful conclusion of building a well-off society in an all-round way. "Han Wenxiu said.

  Wang Changlin, president of China Macroeconomic Research Institute, believes that China has many advantages and favorable conditions for moving towards a high-quality stage, and at the same time, it is facing some "worries" of growth and happiness. High-quality development is the development that can well meet the people’s growing needs for a better life, the development that embodies the new development concept, the development that innovation becomes the first driving force, coordination becomes the endogenous feature, green becomes the universal form, openness becomes the only way, and sharing becomes the fundamental purpose, that is, the development that pursues a happy life.

Breathe! These data mark a new stage of high quality development.

  【 Story 】 On the afternoon of January 7th, the delivery ceremony of the first batch of social car owners of Model3 made in China was held in Tesla Giga Shanghai, which is located in Shanghai’s harbor. On the afternoon of January 7th, one year ago, Tesla Giga Shanghai officially started construction in Lingang Industrial Zone. From a wasteland, the first new car went off the assembly line, and then a batch of new cars went on the market, the construction of Tesla Giga Shanghai exceeded expectations.

  Data 1

  Break through 1 million — — In 2019, 41,000 foreign-funded enterprises were newly established, with an average of 112 established daily. By the end of last year, the number of foreign-funded enterprises in China had exceeded 1 million, reaching 1,001,377, which was of symbolic significance in the process of utilizing foreign capital and even opening up to the outside world.

  Data 2

  "Three consecutive rises" — — In 2019, the R&D investment intensity of the top 500 manufacturing enterprises in China was 2.14%, achieving the "three consecutive increases" since 2016. In 2019, there are about 20,000 newly registered enterprises every day, and the number of unicorn enterprises, gazelle enterprises and fortune 500 enterprises is increasing every year, with the number of invention patents per 10,000 population reaching 13.3.

  Data 3

  The first main body — — In 2019, the proportion of import and export of private enterprises rose to 43.3%, and private enterprises became the largest subject for the first time, of which exports accounted for 51.9%, and more than half of the exports were undertaken by private enterprises.

  Qian Keming, Vice Minister of Commerce, pointed out that Shanghai Tesla has created the "China Speed" in less than one year from its establishment to mass production. In 2019, China actually utilized 941.5 billion yuan of foreign capital, an increase of 5.8%, and established more than 40,000 foreign-funded enterprises, maintaining its position as the second largest foreign capital inflow country. There were many large-scale projects, with 834 foreign-funded projects above $100 million, an increase of 15.8%; The structure of foreign capital continued to be optimized, and high-tech industries used 266 billion yuan of foreign capital, up by 25.6%, accounting for 28.3%.

  On January 20, 2020, the Global Investment Trend Monitoring Report released by UNCTAD revealed that the global cross-border direct investment (FDI) was 1.39 trillion US dollars last year, down by 1%.

  "In 2019, under the conditions of slowing global economic growth, sluggish cross-border investment, increased uncertainty in the international environment, and intensified competition for foreign investment in various countries, China achieved contrarian growth in attracting foreign investment." Zong Changqing, director of the Foreign Investment Department of the Ministry of Commerce, said that the scale of China’s utilization of foreign capital reached a record high last year, ranking first among developing countries and second in the world. Last year, a series of laws, regulations and policies such as the new foreign investment law, 20 regulations on stabilizing foreign investment in the State Council, and the new negative list of foreign investment access were promulgated and implemented continuously, which continuously optimized the business environment and played a "combination boxing" to stabilize foreign investment, effectively stabilizing foreign investment expectations and boosting investment confidence. Samsung, SK Hynix, Corning Display, Caterpillar, Ineos, Panasonic, ExxonMobil and other international manufacturing giants have increased their investment in China, and the actual investment in the whole year exceeded 100 million US dollars. This has played a positive role in promoting China’s supply-side structural reform, making up for the shortcomings of industrial upgrading and increasing the supply of high-quality goods and services.

  At present, China’s innovation-driven transformation is accelerating, enterprise innovation activities are becoming increasingly active, and innovation-driven development momentum is dynamic in generate. Structural optimization and upgrading are accelerating, new formats and new models are emerging, and 5G commercialization is officially launched. In the first 11 months of last year, 126,000 base stations have been built, forming hundreds of innovative application scenarios in transportation, medical care and other industries.

  In recent years, the whole country has implemented the new development concept, gathering wisdom, strength and energy, and mass entrepreneurship and innovation are surging. New scientific and technological achievements are constantly emerging. Last year, Chang ‘e 4 successfully landed on the back of the moon, Xuelong 2 made its maiden voyage to the South Pole, and the first domestic aircraft carrier was officially installed. In 2019, China ranked 14th in the global innovation index, up 3 places from the previous year. New kinetic energy and new industries grew, and the added value of industrial strategic new industries and high-tech manufacturing industries increased by 8.8% and 8.4% respectively. The retail sales of online goods increased by 19.3%, and digital economy, network economy, platform economy, sharing economy and intelligent economy flourished in China.

  Wang Yiming, deputy director of the State Council Development Research Center, said that high-quality development is a development that embodies the new development concept, and it is necessary to achieve a higher level, better structure, more efficient, fairer and more sustainable development. It is necessary to promote "five changes": First, from "quantity catching up" to "quality catching up"; Second, from "scale expansion" to "structural upgrading"; Third, from "factor-driven" to "innovation-driven"; The fourth is to shift from "unbalanced distribution" to "inclusive"; The fifth is to shift from "gray growth" to "green appreciation". To promote the "five transformations", we should open up "six paths", namely, strengthening market functions, upgrading the level of industrial chain, enhancing the original innovation ability, upgrading human capital, promoting green transformation and improving the efficiency of space resource allocation.

Pizhou will build another bridge across the Beijing-Hangzhou Canal!

  Xuhonghe Bridge is about to close.

pictureslowHonghe Bridge Project Construction Site (photo by Zhang Qiang)

  Xuhonghe Bridge has a total length of 764.28 meters and a deck width of 26 meters. It is a two-way four-lane bridge and consists of a main bridge and two approach bridges. The construction of the main bridge is orderly, and the approach bridge project is also advancing synchronously. The approach bridge project is divided into box girder prefabrication, box girder erection and ancillary projects. At present, 144 box girders of the whole bridge have been prefabricated.90.3%, box girder erection completed.78%.

  It is understood that,Xuhonghe Bridge is the first corrugated steel web slab bridge in Xuzhou.Advanced construction technology can not only overcome the cracking of traditional concrete webs, reduce the dead weight of the bridge, but also improve the stability of the bridge, and the corrugated steel webs have good corrosion resistance, which is more conducive to future maintenance.

pictureslowHonghe Bridge Project Construction Site (photo by Zhang Qiang)

  Since the project started, the construction party has pushed forward the construction in strict accordance with the time schedule, adopted measures such as increasing equipment and personnel investment and non-stop on holidays, and accelerated the construction progress of the project at full capacity. At present, the overall project is nearly completed.90%.

  As an important node project on the 344 provincial highway, after the completion of the Xuhonghe Bridge, the whole line can be connected in Pizhou, the 344 provincial highway, which will be greatly improved.Improve traffic conditions in southern Pizhou..

Central enterprises have increased their investment and accelerated the construction of 1400 major projects.

  In 2022, the transcripts of the economic operation of central enterprises were released on the 17th. In the new year, how will the central enterprises develop in by going up one flight of stairs and help stabilize the macro-economic market?

  The reporter of the Economic Information Daily learned from the press conference held by the State Council Office on the same day that in 2023, central enterprises will strengthen measures to stabilize growth and investment, accelerate the construction progress of 1,400 major investment projects determined by the "14 th Five-Year Plan" of central enterprises, and focus on infrastructure construction and strengthening the chain of industrial chain to increase investment. At the same time, we will further promote the optimization and structural adjustment of the state-owned economy and actively promote the integration of resources in the fields of inspection and testing, medical health, equipment manufacturing, mineral resources, coal and electricity.

  Last year, the scale benefits of central enterprises grew steadily.

  Steady growth rate, excellent quality, great contribution and strong guarantee — — Peng Huagang, secretary-general and spokesman of the State Council State-owned Assets Supervision and Administration Commission, described the operating characteristics of central enterprises in 2022 at the press conference.

  The data shows that in 2022, the central enterprises realized a cumulative operating income of 39.4 trillion yuan, up 8.3% year-on-year, and realized a total profit of 2.55 trillion yuan and a net profit of 1.9 trillion yuan, up 5.5% and 5% respectively. The total profits of seven central enterprises exceeded 100 billion yuan, and the total profits of four central enterprises exceeded 50 billion yuan.

  In addition to the steady growth of overall benefits, operating efficiency has also improved steadily. In 2022, the per capita labor productivity of central enterprises was 763,000 yuan, an increase of 8.7% year-on-year; R&D investment increased by 9.8% year-on-year, and the intensity of R&D investment increased year-on-year; At the end of December 2022, the asset-liability ratio of central enterprises was 64.8%.

  According to the deployment, in 2023, central enterprises should give more prominence to the primary task of high-quality development, solidly promote quality improvement, efficiency improvement and steady growth, ensure that the growth rate of total profits is higher than the national GDP growth rate, and strive to achieve better performance.

  While realizing their steady development, central enterprises will also promote and support the coordinated development of small and medium-sized enterprises. Statistics show that in 2022, central enterprises reduced or exempted rents by 17.44 billion yuan, benefiting 214,000 tenants, and communication enterprises reduced the broadband and private line fees of SMEs by more than 10%, and accumulated more than 20 billion yuan in benefits to the society through measures such as rent reduction and fee reduction.

  According to reports, in 2023, the State-owned Assets Supervision and Administration Commission (SASAC) will rely on the modern industrial chain chain long action plan to implement a number of projects to promote the development of small and medium-sized enterprises in the industrial chain and create a mutually beneficial and win-win ecology in the industrial chain, and carry out the joint chain action of central enterprises’ industrial chain financing and development. Through the reform of mixed ownership, we will promote the mutual integration and common development of state-owned enterprises and private enterprises.

  Expanding investment and speeding up the construction of major projects

  Expanding investment is one of the important starting points for steady growth. The Central Economic Work Conference pointed out that in 2023, efforts should be made to expand domestic demand, and government investment and policy incentives should be used to effectively promote the investment of the whole society, accelerate the implementation of major projects in the 14 th Five-Year Plan and strengthen inter-regional infrastructure connectivity.

  The data shows that from January to November, 2022, central enterprises increased investment in energy, electricity and basic security industries, and completed a total investment of 3.6 trillion yuan in fixed assets (including real estate investment), a year-on-year increase of 5.6%. In 2022, the investment in strategic emerging industries of central enterprises remained at a high level, accounting for more than 20% of the total investment scale, and the proportion was increasing year by year. New energy vehicles, communication electronics manufacturing and other fields maintained double-digit growth.

  In the next step, the State-owned Assets Supervision and Administration Commission (SASAC) will effectively strengthen measures to stabilize growth and investment, strengthen planning traction and dynamic monitoring, promote enterprises to give priority to the implementation of 102 major projects involving the 14th Five-Year Plan, and accelerate the construction progress of 1,400 major investment projects identified in the 14th Five-Year Plan of central enterprises, including the second phase of China Offshore Oil No.1 Deep Sea Project, the Fangchenggang Nuclear Power Project invested by the State, and the participation of many grid power enterprises in scenic base projects, so as to form more physical workload.

  At the same time, central enterprises will also focus on infrastructure construction, increase investment in cloud computing, broadband basic network, 5G/6G, national integrated big data center system, industrial Internet, satellite Internet and other fields, and accelerate the "east counting and west computing" project to promote the upgrading of information infrastructure. Actively promote the construction of key water conservancy projects, comprehensive three-dimensional transportation networks, important energy bases and other projects, and encourage participation in logistics networks and rural agricultural infrastructure construction.

  Strengthening the chain of the industrial chain is also the focus of steady growth and steady investment. "We should focus on high-end equipment, next-generation information technology, new materials and other fields, vigorously develop forward-looking strategic emerging industries, form a number of key projects to strengthen the chain of industrial chains, enhance the stamina of investment growth, and accelerate the formation of new economic growth points." Peng Huagang said.

  Specialized integration in five major fields has been accelerated.

  To achieve high-quality development, it is necessary to further promote the layout optimization and structural adjustment of the state-owned economy, and strategic reorganization and professional integration are important measures.

  "In recent years, especially last year, the reorganization and integration of central enterprises has been continuous, with frequent achievements, great strength, new models and good results, which can be said to be unprecedented." Peng Huagang said.

  This can be seen from the centralized signing of 25 groups of specialized integration projects of 37 central enterprises in two batches in 2022. For example, China National Grain Storage Group and COFCO have carried out equity cooperation, and through the establishment of two specialized joint ventures, the grain storage business and oil processing business of the two enterprises have been managed and operated separately, and the macro-control ability of grain reserve services has been further improved.

  Peng Huagang believes that promoting professional integration is conducive to effectively solving the problems of homogenization competition and redundant construction among central enterprises, and creating an advantageous enterprise with more focused main business, clearer business structure and more prominent core competence. "In the coming period, we will take ‘ Advance, retreat, consolidation and integration ’ In order to focus on it, we will strengthen the coordinated promotion of key demonstration projects and continuously increase the intensity of professional integration. "

  Specifically, "entering" means aiming at high level and orientation, supporting and promoting the cooperation of state-owned capital, and promoting solid chain, complementary chain, strong chain and plastic chain. "Retreat" means to continuously promote the withdrawal of inefficient and ineffective assets and non-main and non-dominant businesses, do a good job in the integration of industries with overcapacity, and promote industrial adjustment and upgrading. "Consolidation" means actively promoting the integration of resources in the fields of inspection and testing, medical health, equipment manufacturing, mineral resources, coal and electricity, and avoiding repeated investment and homogenization competition. "Combination" means supporting central enterprises to strengthen the deep integration of internal resources in accordance with the market-oriented and rule-of-law methods and form a strong joint force.

Expert: Who is the driving force behind this round of housing price increase?



● Abundant credit funds push up house prices.


  ● Some local governments let prices rise. 


  ● Inflation expectations lead to the phenomenon of buying houses to preserve value. 


  ● Real estate developers create markets to promote the upward trend of housing prices.


  On the occasion of spring and summer this year, the sudden rise of domestic housing prices has aroused widespread concern in society. In fact, the real estate industry, as the biggest beneficiary of the huge amount of credit, has made great contributions to investment while rapidly completing the V-shaped reversal. It can be said that the real estate industry is the hero of the good economic performance in the second quarter.


  The booming production and sales of the real estate market has promoted the rise of housing prices. When the macro-economy has not yet fully recovered, the real estate industry has taken the lead in entering prosperity. With the acceleration of urbanization, the contradiction between urban land supply and demand is becoming more and more obvious, especially in the central city, which makes it more difficult to reconcile this contradiction. Therefore, in the long run, the rise of real estate prices is inevitable and reasonable.


  However, in the current macro situation, there are special reasons for the rise in house prices:


  1. Credit funds have pushed up house prices. According to the data of the central bank, in the first half of this year, China’s new loans amounted to 7.37 trillion yuan, 1.47 times more than that of the whole year of 2008. The amount of credit funds released a lot of liquidity, which contributed to the rise of asset prices, and real estate prices were no exception. On the other hand, because the total amount of loans is mainly in the medium and long term, it is possible for funds to enter the real estate market. According to the calculation of relevant institutions, about 20% of credit funds flowed into asset markets such as real estate and stock market in the first half of the year, which promoted the rise of the volume and price of real estate.


  2. Some local governments allow prices to rise, which raises house prices to some extent. Due to the slowdown in economic growth, the government’s fiscal revenue and expenditure situation is not ideal. According to the data released by the Ministry of Finance, the national fiscal revenue in the first half of this year decreased by 2.4% year-on-year; Fiscal expenditure increased by 26.3% year-on-year. The tight income has forced some local governments to increase revenue and reduce expenditure. The increase in land transfer fees and real estate taxes, which account for a large proportion of government revenue, will ensure the improvement of government revenue and expenditure. Therefore, the rise in housing prices is a "win-win" thing for some local governments and real estate developers, and they are naturally willing to do it.


  3. Investors’ strong inflation expectations make real estate investment a hedge option. Looking around the world, the rescue actions of various countries have made ample liquidity a common phenomenon. In addition, commodity prices have quietly rebounded, and crude oil prices have inadvertently broken through the $70 mark, and imported inflation seems to be just around the corner. At the same time, with the continuous rise of domestic credit funds and M2, the release of liquidity has led to the rise of domestic asset prices, and the expectation of future inflation is relatively strong. As an ideal choice to preserve value, real estate investment has become the object of investors’ pursuit, and it is natural for house prices to rise.


  4. the market-making activities of real estate developers have contributed to the rise of house prices. In some areas, real estate developers sell their own products to create illusions, and the recent phenomenon of property hoarding, a real estate developer in Beijing, has alarmed the government. The demonstration effect and herd effect formed by market-making have contributed to the rise of housing prices.


  The cold winter of global real estate industry caused by subprime mortgage crisis has not passed, and when the optimization and integration of industry structure has not been completed, the domestic real estate industry has turned around and directly entered the midsummer. The "hard take-off" of the real estate industry has also led to many unreasonable phenomena, which are embodied in the abnormal development of market structure and industry structure. The soaring housing prices in 2007 eventually led to huge inflationary pressure, and this round of housing price increase gradually highlighted the hidden worries of inflation.


  As one of the pillar industries, the rise and fall of real estate is related to the development of many upstream and downstream industries. History has also proved that the prosperity of the real estate industry made China’s economy maintain double-digit growth for five consecutive years from 2003 to 2007. However, in the last round of inflation, the soaring real estate prices have become the driving force behind inflation. The capital-driven warming of the real estate market will involve banks. The subprime mortgage crisis caused by the collapse of the real estate market caused by excessive credit is still in sight, and we must never repeat the mistakes of the United States. Many years ago, at the beginning of the banking reform in China, a large number of non-performing loans were carried, and now it is hard to get out of the danger. We should prevent this situation from coming back. We must bear in mind the profound lessons of history and face up to this potential risk. Based on the importance of the real estate industry to the national economy, house prices cannot rise or fall sharply. The healthy development of the national economy requires the real estate industry to return to a benign development track. We have every reason to believe that after the real estate industry has undergone full adjustment, China’s economy will surely usher in a better tomorrow.


  (The author is the director and professor of the Institute of Securities and Futures, Beijing Technology and Business University)

Editor: Xun Zhiguo

Online celebrity anchor became a live broadcast platform to compete for the object, causing liquidated damages and other issues

  The live broadcast platform and online celebrity anchor have been interdependent communities of interests since their appearance. With the increase of the number of live broadcast platforms and the escalation of competition, the conflict of interests between the two parties has intensified.

  Online celebrity anchor is favored by live broadcast platforms because of its huge fan base and high-quality content, and it is also the main target of poaching between platforms. In recent years, some well-known anchors have jumped ship from time to time. In addition to fighting with their platforms, some anchors have even been brought to court.

  Recently, a dispute caused by anchor job-hopping has aroused social concern.

  Jia is the contracted anchor of a live broadcast platform. In April 2017, during the contract period with the original live broadcast platform, Jia went to another live broadcast platform for live broadcast activities. Therefore, the original live broadcast platform sued Jia to the court.

  Recently, the Shanghai No.1 Intermediate People’s Court made a final judgment on this case, upheld the first-instance judgment of the Shanghai Pudong New Area People’s Court, and ordered Jia to stop violating the agreement with the original platform, continue to perform the obligation of inaction in the agreement with the original platform, and immediately stop providing live broadcast services or similar live broadcast activities for the new platform and any third party. Jia should compensate the original platform for liquidated damages within ten days from the date of the effective judgment.

  In recent years, there have been many cases of similar lawsuits between anchors and platforms. The reporter combed similar cases and found that how to identify the relationship between the anchor and the platform, how to determine the amount of compensation, and how to find a balance between the anchor’s freedom of employment and the demands of the old club to continue to perform the contract have always been the focus of controversy.

  How to identify the relationship between platform and anchor?

  The reporter found out that the relationship between the anchor and the platform can be roughly divided into three types:

  First, the anchor signed a sharing agreement with the live broadcast platform, that is, the anchor has the right to live broadcast, can perform live performances on the platform, and get certain gifts and rewards. At the same time, the anchor is not subject to the management constraints such as labor time and total labor stipulated by the live broadcast platform, nor does it engage in other labor tasks arranged by the live broadcast platform.

  Second, the anchor becomes a contracted artist of the live broadcast platform, and is bound by a series of labor rules and regulations of the platform. While obtaining guaranteed economic income, it needs to undertake corresponding duties and tasks, including the assessment of multiple standards such as live broadcast duration, content quality, number of fans and live broadcast activity.

  Third, the anchor signed a sharing cooperation agreement with the live broadcast brokerage company or guild, and the brokerage company or guild built the anchor in an all-round way. At the same time, the brokerage company cooperated with various live broadcast platforms to cultivate the incubating anchor.

  Then, among these three relationships, which one constitutes a labor relationship?

  In this regard, Zheng Ning, deputy director of the Department of Law, Department of Law, Communication University of China, analyzed that it is necessary to satisfy two conditions, namely, economic and personal dependence, to determine that the live broadcast platform and the anchor constitute a labor relationship. Economic relationship means that the anchor provides labor and the live broadcast platform gives remuneration; Personal attachment means that the anchor’s working time, content and methods are constrained by the rules and regulations of the live broadcast platform or specific management behaviors. In line with the above two conditions, there is a labor relationship between the anchor and the live broadcast platform.

  "As far as the first and third cases are concerned, there is no personal attachment between the anchor and the live broadcast platform, and the anchor is independent. Therefore, these two situations do not constitute labor relations; As far as the second case is concerned, the anchor provides labor, the live broadcast platform pays remuneration, and at the same time, it is managed by the live broadcast platform and has personal dependence, so it constitutes a labor relationship. " Zheng Ning said.

  In the view of Wang Yanhui, a Shanghai lawyer, three conditions need to be considered to determine whether there is a labor relationship between the live broadcast platform and the anchor: First, whether the employer and the employee meet the subject qualifications stipulated by laws and regulations; Second, whether the various labor rules and regulations formulated by the employer according to law are applicable to the workers, and whether the workers are subject to the labor management of the employer and engaged in paid labor arranged by the employer; Third, whether the labor provided by the laborer is an integral part of the employer’s business. According to the above conditions, it can be judged whether there is a labor relationship between the platform and the anchor.

  "Therefore, in the above three situations, only the second one meets the conditions for forming labor relations." Wang Yanhui said.

  However, Wang Quanxing, a professor at the Law School of Shanghai University of Finance and Economics, believes: "The live broadcast activity of the network anchor on the live broadcast platform is an activity in which the platform and the anchor jointly provide video products or services to the audience, and it is also the digital labor and remote labor provided by the anchor to the platform in the virtual place arranged by the platform, which constitute the production factors of the platform’s business activities of providing video products or services to consumers; The anchor shall abide by the management rules of the platform when engaging in anchor activities in the virtual places arranged by the platform. At the same time, the relationship between the platform and the anchor is continuous with the anchor activity as the object. Therefore, although the relationship between the platform and the anchor is different from the labor relationship in the traditional format, that is, it does not have all the elements of labor relations, but it has some elements of labor relations, such as subordination and continuity. "

  Wang Quanxing said that as for the "cooperative relationship" agreed by the anchor and the platform, it is not a standardized legal concept, nor is it a famous contract concept. Any contractual relationship, including labor contracts, is cooperative. Therefore, the so-called "cooperative relationship" is not mutually exclusive with contracting relationship, entrustment relationship and labor relationship.

  "In the terms of the contract, the anchor and the platform do not belong to the labor relationship or employment relationship ‘ Know ’ , and can not be used as the sole basis for determining whether it is a labor relationship. If the anchor has the facts that meet the requirements of labor relations in the process of cooperation, and this fact is also the agreement of both parties, such as the fact that the anchor undertakes the obligation of non-competition, it is the element that constitutes subordination. Therefore, whether labor relations are determined or not should be judged whether there are facts that meet the requirements of labor relations. " Wang Quanxing said that there are certain reasons for determining the nature of the so-called "cooperative relationship" between the platform and the anchor.

  If it constitutes a labor relationship, workers can safeguard their rights and interests according to the labor law. Then, if it does not constitute a labor relationship, can the anchor effectively protect his rights and interests?

  In this regard, Zheng Ning said that in some cases, although the anchor and the live broadcast platform do not constitute a labor relationship, there is a contractual relationship between the anchor and the live broadcast platform, and the anchor can safeguard his legitimate rights and interests according to the provisions of the contract law. There is a contractual relationship between the anchor and the live broadcast platform. The contract follows the principles of equality, voluntariness and good faith. Both parties can determine the contents of the contract through consultation. When one party thinks that there is fraud, coercion, obviously unfair or major misunderstanding, it can request the court or arbitration institution to cancel or change the contract. The parties to a contract may also stipulate liquidated damages in the contract. When one party violates the contract, the other party may request the defaulting party to pay liquidated damages and other ways to assume responsibility.

  How to evaluate the liquidated damages for job-hopping

  Anchor is the core resource of live broadcast platform, and the competition between platforms will also affect the value of anchor. In the fierce competition between live broadcast platforms, the value of the anchor is constantly being raised, and even there is a false high situation. At the same time, some online celebrity anchors think that their popularity depends on their own abilities, but the platform thinks that they have invested in packaging, publicity, planning and even broadband resources. Therefore, when some online celebrity anchors change jobs, they are often asked by the live broadcast platform to pay high liquidated damages. In recent years, the amount of liquidated damages has been increasing. However, how to evaluate the liquidated damages?

  "On the legal level, the setting of liquidated damages has two main meanings: on the one hand, it is to protect the transaction, and it is a means of punishment for the defaulting party; On the other hand, it is also the most important function of liquidated damages, that is, to make up for losses, because one party’s breach of contract will often bring economic losses to the observant party, including actual losses and expected benefits. The determination of the amount of liquidated damages should be based on the actual loss of the observant party, and the observant party should prove its actual loss and expected benefit. If the breaching party thinks that the liquidated damages claimed by the other party are too high, then it has the right to ask the court to make adjustments, and the court will also make reasonable judgments according to the actual situation and the general situation in the industry. " Wang Yanhui said.

  In this regard, Zheng Ning’s point of view is: "As far as the assessment of liquidated damages is concerned, there are two situations: first, there is a labor relationship between the anchor and the live broadcast platform. According to the provisions of the Labor Contract Law, the platform provides training fees for the anchor, and the service period is agreed, and the anchor can be claimed to pay the training fees that have not been fulfilled. If the anchor terminates the contract in breach of contract, or violates the confidentiality obligations or non-competition restrictions agreed in the labor contract, causing losses to the employer, it shall be liable for compensation. "

  "Another situation is that there is a contractual relationship between the anchor and the network platform." Zheng Ning said that the contract law stipulates that the parties may agree that one party shall pay a certain amount of liquidated damages to the other party in case of breach of contract, and may also agree on the calculation method of the amount of damages arising from breach of contract. If the agreed liquidated damages are lower than the losses caused, the parties may request the people’s court or arbitration institution to increase them; If the agreed liquidated damages are excessively higher than the losses caused, the parties may request the people’s court or arbitration institution to reduce them appropriately. The Interpretation of the Supreme People’s Court on Several Issues Concerning the Application of People’s Republic of China (PRC) Contract Law (II) stipulates that the agreed amount of liquidated damages exceeds 30% of the loss, which can generally be regarded as "excessively higher than the loss caused". Therefore, in the contract, the anchor and the network platform can agree on the liquidated damages in advance, and when one party violates the agreement, the other party can claim to pay the liquidated damages.

  In Wang Quanxing’s view, in labor relations and labor law, the application of liquidated damages is subject to legal restrictions, and compensation has legal rules. In civil contracts, we should pay more attention to the principle of fault, the principle of fairness and the proof of damage facts for liquidated damages and compensation.

  Both sides should raise their legal awareness.

  Some people think that anchor job-hopping is an act that lacks the spirit of contract; Others believe that this is normal business competition. As anchors who want to jump ship, they want to get a job on a new live broadcast platform; As an old club, the anchor is generally required to continue to perform the contract and compensate for the losses. So, how to balance the different demands between the anchor and the live broadcast platform?

  In this regard, Wang Yanhui said that according to the provisions of the Contract Law, the observant party has the right to choose to terminate the contract and demand payment of liquidated damages, and also has the right to choose to ask the defaulting party to continue to perform the contract. However, the purpose of China’s civil law is not only to protect transactions, but also to protect the freedom of transactions as much as possible. If the anchor has reasonable reasons to prove that he can’t continue to perform the contract with his old club, then the law generally won’t "buy and sell" and ask him to continue to broadcast live on the original platform.

  In Zheng Ning’s view, in the case of labor relations, the labor law stipulates that workers have the freedom to work, and they can terminate the labor contract by notifying the employer in writing 30 days in advance. The employee may terminate the labor contract by notifying the employer three days in advance during the probation period. Therefore, the anchor has the right to terminate the labor contract in accordance with the provisions of the labor law. The employer can only demand compensation for the corresponding losses through terms such as non-competition, confidentiality obligations and training.

  "In the case of a contractual relationship, both parties shall exercise corresponding rights and perform corresponding obligations in accordance with the contents of the contract agreed in advance. The live broadcast platform may require the anchor to pay liquidated damages and compensate for the losses for the anchor’s breach of contract. However, the subject matter of the contract has personal attributes and is not suitable for enforcement. Therefore, after the anchor pays the liquidated damages, the anchor can broadcast on the new platform. " Zheng Ning said.

  In Wang Quanxing’s view, there is a legal basis for non-competition in labor relations. Because the restriction of non-competition is a restriction on the freedom of workers to choose a job, it is conditional for workers to undertake the restriction of non-competition, and it is based on the compensation given to workers by employers. As for whether the non-competition clause can be stipulated in the civil contract, there is no legal basis in China. There must be a legal basis for agreeing on non-competition. Even if it is allowed to agree on non-competition, the obligation to undertake non-competition should be conditional and have economic compensation as consideration. Otherwise, obviously unfair.

  "In reality, many live broadcast platforms are unwilling to form a labor relationship with the anchor on the one hand, and require non-competition restrictions on the anchor on the other hand, and their goals are conflicting. In fact, choosing the arrangement of labor relations may not be unfavorable to the live broadcast platform. " Wang Quanxing said.

  Then, once the anchor changes jobs, how should the anchor and the platform protect their rights and interests?

  "Improve legal awareness. When signing a contract, clarify the legal relationship between the two parties, that is, clarify whether it is a labor relationship or a contractual relationship, and then stipulate the rights, obligations and legal responsibilities of both parties in detail. The contract should clearly stipulate the remuneration standard, payment method, payment period, etc., and determine a reasonable amount of liquidated damages. If conditions permit, it is best to hire legal counsel or consult legal experts. " Zheng Ning said.

  "According to my understanding of this industry, many anchors are still young, their social experience is not rich, and their legal awareness is not strong. If you want to guarantee your own interests, the anchor must first sign a formal contract with the platform, and no matter what form of cooperation, it should be implemented in writing. " Wang Yanhui suggested that the rights and obligations of both parties should be clearly stipulated in the contract, and the anchor should be familiar with his obligations and the legal ways to safeguard his interests when his rights are violated. In addition, both the anchor and the live broadcast platform should keep their contracts and communication evidence in case of emergency. Live broadcast belongs to a new industry, which lacks corresponding laws and regulations to regulate. Only by improving the legal awareness can employees in this industry have better development.

  □ Our reporter Han Dandong

Sales continued to decline, and the stock price dropped by as much as 36%. What is Xpeng Motors’s "antidote"?

The year 2024 has just begun, and Xpeng Motors is a bit "difficult".

In the delivery list in January, Xpeng Motors achieved a sales volume of 8,250 vehicles, down 59% month-on-month, which was the biggest drop among the new car-making forces. In February, sales in Xpeng Motors continued to decline, and only 4,545 new cars were delivered in February.

For the reason of the sales slump in February, He Xiaopeng attributed the reason to the production capacity of the new car X9. He said, "Due to too many orders, the production capacity has not kept up. In January, Tucki accumulated tens of thousands of orders for X9. At present, the difficulties faced by X9 have been solved, and the Spring Festival will fully work overtime to quickly improve the production capacity guarantee delivery."

In other words, the decline in sales is only temporary, and sales will gradually pick up in the future.

Although He Xiaopeng is still optimistic about the future of Xpeng Motors, the capital market does not see it this way. According to Kan Jian Finance, since 2024, Xpeng Motors’s share price has been falling continuously. As of the close of March 5, Xpeng Motors’s Hong Kong stock market closed at HK$ 35.95 per share. Although it has rebounded recently, its share price fell by as much as 36% in 2024.

Why did Xpeng Motors’s share price plummet by 36% in more than a month, and its performance was so bleak? In addition to the reason for the sharp drop in sales, what is the capital market still worried about?

Tucki’s "sleepy"

Xpeng Motors’s sales volume in January really fell far short of expectations.

According to official data, Tucki X9 delivered 2,478 vehicles in the first month, and the total sales of the remaining models were only 5,772 vehicles, including the main models-P7I and G6.

Of course, the production capacity of the new car X9 may have some problems, but the core of the problem at present is that even if the production capacity of the X9 can keep up, the sales volume in Xpeng Motors will not change much. After all, before the X9 was listed, the sales volume in Xpeng Motors could still exceed 10,000, but now after the new car is listed, the sales volume can’t even reach 10,000.

At present, it’s not easy for Xpeng Motors to increase sales again. After all, Xpeng Motors has been reducing prices and promoting sales since last December. According to media reports, Xpeng Motors has started several rounds of price cuts since December. For example, in early December, the maximum discount for all models of Tucki P7i was 26,000 yuan, and the maximum discount for Tucki G9, which was listed less than three months ago, was 19,000 yuan. In mid-December, Xpeng Motors announced that all G6 departments in Tucki would continue to reduce or exempt 10,000 yuan in a limited time. In January of this year, Xpeng Motors even announced that it would purchase the P7i Pengyi Performance Edition, and enjoy a limited-time subsidy of 50,000 yuan.

So many rounds of price cuts can’t move Xpeng Motors’s sales, which shows how much pressure Xpeng Motors is under now. This may also explain why Xpeng Motors’s share price performance has been so poor recently.

In fact, such a large-scale and continuous price reduction has brought many hidden dangers to Xpeng Motors’s performance. After all, Xpeng Motors is still at a loss.

According to the financial report, as of the third quarter of last year, the accumulated net profit of Xpeng Motors was-9.028 billion, the gross profit margin of the company as a whole was -2.7%, and the gross profit margin of the automobile business was -6.1%, which shows that Xpeng Motors is still in a situation of "selling one car and losing another". According to the recent price reduction, Xpeng Motors’s losses will further expand in the fourth quarter.

However, in order to stabilize sales, Xpeng Motors has neglected so much. According to media reports, since February, Xpeng Motors has launched a new round of price reduction promotion.

According to media reports, from February 1, 2024 to February 29, 2024, the 2024 Tucki G9 will receive a maximum of 10,000 yuan in cash during the Spring Festival, and a maximum of 11,000 yuan in limited-time optional discount, starting from 253,900 yuan for the whole department. At present, the official normal guide price of the 2024 Tucki G9 is 263,900-359,900 yuan.

However, the "drug effect" of price reduction tends to be smaller and smaller, and it can be predicted that the price reduction of ——G9 will have very limited sales promotion effect in Xpeng Motors.

How does Tucki "break through"?

For Xpeng Motors, the decline in sales is not the biggest problem. What is more serious is that its moat is becoming more and more fragile.

Previously, Kan Jian Finance had repeatedly analyzed Xpeng Motors, a car company. Among the three new forces, Xpeng Motors has the strongest scientific and technological attribute, and Xpeng Motors also wants to build its own scientific and technological moat. According to the financial report, in the past five years, Xpeng Motors’s R&D expenditure was about 15 billion, and it was this huge R&D expenditure that led to its losses year after year.

About two years ago, when the new energy vehicle market was still in the state of automation transformation, Xpeng Motors succeeded in creating scientific and technological attributes by virtue of its first-Mover advantage. However, with the competition of new energy vehicles entering the second half, more and more car companies are now making intelligent transformation, and the advantages of Xpeng Motors are becoming less and less obvious, especially with Huawei’s massive entry into the new energy vehicle market.

As far as the most important intelligent driving technology is concerned, Huawei has a tendency to surpass Tucki from three aspects: algorithm, computing power and data.

In terms of algorithm, Xpeng Motors chose NVIDIA Drive series chips and developed operators in software development, but Huawei is a self-developed chip, and only Huawei in China has realized mass production using network algorithms; In terms of computing power, Huawei’s current computing power on autopilot training is 1800P, which is three times that of Xpeng Motors’s 600P. From the data point of view, it is in sharp contrast to the sharp drop in sales in Xpeng Motors-Huawei’s world, with better intelligent software and hardware, became the new force "sales champion" in January. Obviously, in the field of intelligence, the world of inquiry has replaced Xpeng Motors’s former position, and with the growth of Huawei, when more and more car companies begin to use Huawei’s technology, Xpeng Motors’s future will become more and more difficult.

Of course, for the road of intelligence, although more and more strong enemies have emerged, Xpeng Motors obviously does not intend to give up. During the launch conference of Xpeng Motors Spring Festival, He Xiaopeng set a new timetable for NGP intelligent assisted driving: in 2024, the "full range" and "point-to-point" XNGP will be promoted in China, including scenes such as paths, internal roads and parking lots; Promote worldwide research and development of XNGP this year and next-research and development of high-speed NGP worldwide in 2024 and XNGP worldwide in 2025, which shows that Xpeng Motors will continue to invest in research and development in the future.

At present, in the face of increasingly fierce competition in the new energy vehicle market, there is not much Xpeng Motors can do but insist. But can Xpeng Motors really "survive" in the face of Huawei, a powerful competitor who has achieved good results in intelligence?

Originally, she is a famous goddess of the Korean Wave. All three old lovers are married and have children, but she is still single.

Under the bright Korean starry sky, there is such a goddess. She not only conquered the hearts of countless audiences with her beautiful appearance, exquisite acting skills and unique temperament, but also her works can be called classics, and she also left many classic images on the screen. But with such a bright star, she will always step into the emotional crossroads and pass by happiness. And this goddess is none other than Song Hye Kyo, a famous Korean actress. Next, what we need to know is not her life experience, but her affair with those Korean male gods.

The first boyfriend: Lee Byunghun, who was also a pair of love is like oxygen.

As early as January 2003, Song Hye Kyo, who was only 21 years old at that time, got to know Lee Byunghun, a famous Korean actor, just because he was filming Life and Death in Los Angeles. Because they had many opposite plays at that time, Song Hye Kyo often came together with Lee Byunghun in and out of the play. Over time, the two men had a spark of love, and finally in May of this year, they chose to announce their love. At that time, Lee Byunghun, who was full of men, and Song Hye Kyo, who was pure and beautiful, were definitely the most beautiful scenery in Han Yu. After the official announcement, Song Hye Kyo and Lee Byunghun often went out in pairs, which was very sweet and happy, but it didn’t last long. In June 2004, the two men chose to break up. As for the reasons for breaking up, some people said that they were too busy, while others said that Lee Byunghun’s hobbies were somewhat different, but perhaps the real reason for breaking up was only themselves. However, today’s Lee Byunghun married another beautiful Korean actress as early as 2013, and now he has a son and a daughter. Although he has experienced some emotional and personal problems, the Lee Byunghun family is still very happy.

Second boyfriend: Hyun Bin, the absolute golden couple-like combination.

After leaving Lee Byunghun, in 2009, Song Hye Kyo came together with another Korean male god, Hyun Bin. At that time, Hyun Bin and Song Hye Kyo were definitely a pair of golden couple in the true sense, both in terms of fame and personal influence. At that time, Song Hye Kyo’s love affair not only won the support of many people, but also many people hoped that she really wanted you to go with Hyun Bin. However, compared with Lee Byunghun, Song Hye Kyo, who is a little more mature, began to be more patient with her feelings, so she spent more time with Hyun Bin than Lee Byunghun. Unfortunately, on March 8, 2011, Song Hye Kyo or Hyun Bin chose to break up. At that time, the news also made countless fans who liked them feel extremely sad and sorry, so that whenever a beautiful love came to an end, people did not take Song Hye Kyo and Hyun Bin as examples. Like Lee Byunghun, on March 31, 2022, Hyun Bin married another famous Korean goddess-Son Ye Jin, and the two of them had known each other for many years. Through cooperation in many works, they secretly fell in love and finally came together. Now Hyun Bin has a son of his own and a happy family of three.

The third boyfriend’s husband: Song Joong Ki, who was once envied by his brother and sister.

In 2016, with a TV series called Descendants of the Sun, Song Hye Kyo achieved another success, and at the same time, she gained another love in her life. This time, her emotional journey may also be her most unforgettable one. Because of the filming of this drama, Song Hye Kyo and Song Joong Ki, who are three years younger than her, have gradually upgraded from a cooperative relationship to love, and their communication is very smooth and sweet. Due to the influence of Descendants of the Sun, almost everyone hopes that Song Hye Kyo and Song Joong Ki can make a positive result. As fans expected, on October 31st, 2017, Song Hye Kyo and Song Joong Ki formally entered the marriage hall. At that time, countless people also sent their best wishes to the former Korean Goddess. Judging from Song Hye Kyo’s age and experience at that time, it seems that Song Joong Ki is the final destination of emotion. But many things you think are stable, but they are really not stable at all. On July 22, 2019, Song Hye Kyo and Song Joong Ki ended their marriage relationship for more than a year and formally divorced. As for the reasons for their divorce, there are different opinions now. Some people think it is a problem of their lifestyle, and some say it is a problem of their career. However, as for the reasons for their divorce, only they know it. After all, this is also a privacy issue. Like the above two predecessors, Song Joong Ki registered with his pregnant girlfriend Katie on January 30, 2023, and welcomed the birth of her son on June 14 this year.On July 8th, 2024, Song Joong Ki’s wife, Katie, became pregnant again, and now Song Joong Ki can be said to be very sweet and happy at home.

Finally, when we recall these three feelings of Song Hye Kyo, we have to sigh for her that she once had these male gods, but she has never been able to make a positive result. This is really a pity. Although some people ridicule Song Hye Kyo’s "assist" ability, after all, alone with her people have a beautiful emotional ending, but for Song Hye Kyo herself, her emotional road is really full of twists and turns. But sometimes love is like this. You always feel that you got on the right bus and waited for the stop, but after you really got on it, you will find that you didn’t get on the right bus or wait for the stop.

Editor in charge:

All the girls look here! Recommendation of new energy vehicles with good value, convenience and performance.

Regardless of the price factor, if you rank the car’s face value, convenience and performance, I think for most girls, face value will be the first, then convenience, and then performance. With the increasing proportion of female consumers in the car circle, major car companies have also begun to grasp the demand points of female consumers, and have launched models specially built for female consumers, which are small and convenient with high value. Today, I will bring all the girls look look at these considerate car companies.

Wuling Hongguang MINIEV

The popular player of Wuling mini compact car broke 10 thousand in June alone. So, where did it win? I have to say, its outline and macaroon color scheme look like a cartoon car that will appear in an amusement park. It’s all soft and waxy, so don’t be too cute. The closed front face is equipped with oval headlights, and even the Wuling logo has its own design features, with a charging port hidden below. However, it is really unfriendly to put it in the underground parking lot. Generally, the front face will face outwards for convenience, but if it needs to be recharged, it will have to face inwards, which means fortunately the car is small. The shape of the rear of the car also echoes the front of the car. It is also an oval taillight. The outline is decorated with chrome trim, and the two lights are connected by contrast trim, which is relatively simple as a whole.

Configuration, conventional new energy vehicles should have, it also has, such as reversing images, uphill assistance, mobile APP remote control and other functions, which are enough for daily travel. In terms of power, the car adopts the rear motor layout, the maximum power can reach 30kW and the maximum torque is 92 N m. Although the power is much inferior to other conventional cars, its CLTC pure battery life is 215km, which is enough for daily commuting (according to the daily round trip of 20 kilometers), and it only needs to be charged once a week, and it is equipped with a fast charge, and it only takes 0 to charge the power from 30% to 80%.

Wuling binguo

Wuling Binguo locates small cars, and the starting price of 24 models is slightly higher than that of Wuling mini. If it is sold in June, this price is naturally inferior to its own mini, but it still ranks second in small cars. This Bingo vehicle looks less square and flatter. The most eye-catching feature of the front face is its slightly bulging closed middle net outline, and the lower surrounding is further decorated with black, which has a contrast effect. Viewed from the side, the car adopts a suspended roof design, which gives a full sense of movement, which is really in line with the aesthetics of contemporary young people.

Most notably, its endurance can be said to be quite excellent in the same class. The entry version is equipped with a 41-horsepower motor, and the endurance under CLTC conditions can reach 203km. The medium-sized version is equipped with a 68-horsepower motor, and the endurance is 333km. The top version has reached 410km.

Geely panda

As the name suggests, the appearance of Geely Panda really looks like a panda sitting on a plate. The round headlights are equipped with a slender closed grille, and a circle of black decorative strips is wound up on both sides. It really looks like a panda’s claws. From the whole car, the car exudes a cute and lovely atmosphere. Although the car is positioned as a mini-car, its space is still quite excellent. The four wheels are designed to be close to the edge, which makes the space supported to the maximum, and the seating and storage space in the car is more spacious.

In terms of power, Panda adopts a rear motor with a maximum power of 30kW, a peak torque of 110N·m, a pure electric cruising range of 200km, and a DC fast charging function of 22kW.

Chang’ an Lumin

The most recognizable thing about Changan Lumin is its round taillights, the outline of which is decorated with red light strips, which looks like a pair of half-squinted eyes. The interior part also has its own characteristics. The T-shaped center console is designed, and the air conditioning outlet runs through the whole front of the car, in which the upper part is equipped with a 10.25-inch floating LCD screen, and the lower part is the control position of the physical buttons.

In terms of power, a permanent magnet synchronous motor is loaded, with a total output of 35kW and a peak torque of 87N m.. Equipped with a single-speed gearbox for electric vehicles, the car can achieve a pure electric cruising range of up to 301km. In addition, it also supports two charging modes: fast charging can be completed within 0.58 hours, while slow charging takes about 10 hours to fully charge the battery.

Byd seagull

Friends who want to buy seagulls can wait. It is reported that 25 BYD seagulls will be listed in August. From the exposure map, the appearance of the new seagull has not changed much, and it still continues the classic design of the cash, but its tail logo "BUILD YOUR DREAMS" has been replaced by "BYD".

The upgrade of intelligent configuration is still very big. The whole system comes standard with intelligent automatic power-on and power-off function, and it is no longer equipped with card keys, which further improves the convenience of use. In addition, in the free version, the main driver’s seat electric adjustment function and the front seat heating function have been specially added. In terms of power, the new car is expected to carry a motor with a maximum power of 55kW and a maximum torque of 135N·m, and two endurance options are provided, namely 305km and 405km.

Bao jun yue ye

The sales of this car, to be honest, can’t compare with the previous ones, but why should I recommend it? That is, it is really suitable for the kind of girls who are particularly cool. Its design is completely different from the previous models. The unique headlights on the front face are matched with the narrow-banner enclosed front grille, the body lines are sharp, and the rear lights are in a ring style, which highlights the toughness and domineering.

The interior design is more mechanical, and the center console has obvious layering. It is equipped with a 10.25-inch full LCD instrument panel and central control panel, which can realize various scientific and technological functions. In terms of power, the car is equipped with a permanent magnet synchronous motor, with a maximum power of 50kW and a maximum torque of 140 N m. With an electric vehicle single-speed gearbox, it can achieve a speed of up to 100 km/h.

From the price point of view, the pricing of these six cars is within a reasonable range, and at this price, it is really good to be able to achieve value, convenience and performance. For girls who don’t pursue cars very much and just need to meet daily transportation, these cars are really suitable.

Jinhua Volvo XC90 price reduction news! The lowest price is 472,000, if you miss it, there will be no

Welcome to [Autohome Jinhua Discount Promotion Channel] to bring you the latest car market trends. At present, the high-profile luxury SUV is conducting an unprecedented promotion in our city. According to our understanding, this popular model is enjoying the highest discount of up to 174,900 yuan in Jinhua area, and the minimum selling price has been adjusted to 472,000 yuan. This undoubtedly provides an excellent opportunity for car buyers to buy. If you want to seize this rare discount opportunity, please don’t miss it. Click "Check the car price" in the quotation form, let’s explore more specific car purchase discount strategies together.

金华沃尔沃XC90降价消息!最低售价47.2万,错过就没有

As a luxury SUV, the exterior design of the Volvo XC90 is elegant and powerful. The front face features family-style Quake LED headlights, and the straight waterfall air intake grille with chrome decoration shows a strong Scandinavian design aesthetic. The body lines are smooth, showing the stability and dynamism of a luxury SUV. The overall style conveys Volvo’s consistent concept of refinement and safety, fusing power and elegance to reflect the driver’s taste and identity.

金华沃尔沃XC90降价消息!最低售价47.2万,错过就没有

[Side style] The Volvo XC90 shows its noble temperament with its exquisite body ratio. The body size of 4953mm long, 1958mm wide and 1778mm high gives it a wide body and a stable posture. The 2984mm wheelbase ensures the comfort of the interior space. At the same time, the front and rear tire specifications are 275/45 R20, which not only improves the driving stability, but also shows its elegant rim design style. The lines are smooth, showing the style of a luxury car. Every detail reflects the XC90’s persistent pursuit of quality and design.

金华沃尔沃XC90降价消息!最低售价47.2万,错过就没有

The interior design of the Volvo XC90 is elegant and detail-oriented, creating an atmosphere of luxury and comfort. The steering wheel is made of fine leather, providing a good grip and supporting manual up, down and back adjustments to ensure that the driver can find the most comfortable driving posture. The 9-inch high definition touch screen on the center console is easy to operate, integrating multimedia systems, navigation, telephone and air conditioning control functions, and automatic speech recognition system makes operation more convenient.

In the seat part, the XC90 is made of luxurious leather material to provide excellent comfort. The main and passenger seats support front and rear, backrest, high and low adjustment, and have 4-way waist support to meet the needs of different drivers. The front seat is also equipped with a heating function to bring warmth to the driver in the cold season. The driver’s seat also has a power memory function to provide personalized settings. At the same time, the rear seat supports proportional reclining, providing great flexibility for family travel or loading large items. The overall interior design reflects Volvo’s perfect combination of luxury and practicality.

金华沃尔沃XC90降价消息!最低售价47.2万,错过就没有

Based on the information provided, we can generate the following engine description for you:

The Volvo XC90 is powered by a 2.0T turbocharged engine that delivers a powerful 250 horsepower output and a maximum torque of 350 N. m. It is paired with an 8-speed automatic transmission that ensures smooth power transfer and driving experience. This engine meets performance requirements while also focusing on fuel efficiency and driving comfort.

To sum up, the Volvo XC90 won the car owners’ love for its unique design and personalized front in the evaluation. The headlight design he specifically mentioned not only attracts the wind, but also enhances the vehicle’s recognition, fully reflecting its luxurious and domineering temperament. For consumers who pursue quality and design, this is undoubtedly a car worth considering.