Expert： The starting point of the annual market for actively allocating A-share related assets has arrived.

At present, the market has reached a critical moment, and CITIC Securities recently announced that A shares are standing at the starting point of the annual market. On September 26th, at the beginning of this round of market, CITIC Securities issued a document late at night with only one word "dry", which sent a strong signal to the market. At the strategy meeting, CITIC Securities once again emphasized the key words of "annual level" and "marathon market", showing its confidence that A shares will usher in a big market.

Expert: Actively allocate A-share related assets.

CITIC Securities predicts that A-shares will experience an annual upward trend by 2025. At present, the market is at the starting line of this marathon, and the market style will gradually shift from individual investors to institutional investors. Excellent growth, domestic consumption, mergers and acquisitions will become three important tracks. A new round of credit cycle is expected to come, and macro prices will rebound. These factors are conducive to the upward profit of listed companies.

Expert: The starting point of the annual market for actively allocating A-share related assets has arrived.

Recently, the market turnover has reached 2 trillion yuan per day, which is obviously active compared with a few months ago, and the fundamentals have also shown a good signal. After the collective surge on October 8, the market entered a shock stage, which was a big test for investor confidence. CITIC Securities has clearly seen more this time, showing some courage. The next key is the follow-up of subsequent incremental funds.

According to data released by the central bank, household deposits increased by 11.28 trillion yuan in the first 10 months of this year, but monthly household deposits dropped by 570 billion yuan in October. The market speculated that this fund mainly flowed to stocks and funds. There are two main reasons behind this: first, the deposit interest rate continues to decline, and second, the capital market attracts gold.

For the funding in 2025, CITIC Securities believes that incremental funds are on the way. The new instrument swap facility (SFISF) and stock repurchase and refinancing are expected to bring about 400 billion yuan of incremental funds to A shares in 2025. In addition, the overall A-share position of insurance capital is low, the current position of private placement is below the historical median level, and the allocation of foreign capital to China’s assets is still low. Public Offering of Fund may face redemption pressure in the short term, but it will be more active to enter the market after the house price and financing signals are clear. ETF will become an important tool for individual investors and institutional investors to enter the market by relay, and the A-share market will maintain a relatively stable net inflow of funds in 2025.

ETF has become an important tool for asset allocation. In the past two years, passive products have gradually replaced active products. According to the fund’s third quarterly report in 2024, the market value of A shares held by passive index funds exceeded that of active equity funds for the first time. ETF is not only the choice to support the market, but also an important tool for active funds to participate in the market. At present, the scale of ETF in A-share industry accounts for 25%, which has become an important tool to capture industry beta. At the same time, new broad-based ETFs, such as CSI A500, have a more even distribution of industry weights, which has attracted high attention.

Looking back at history, the excess return of active funds basically coincides with the improvement of macroeconomic fundamentals. In the future, with the fundamentals warming and the new round of industrial trends clear, active products are expected to outperform the market again.

Eleven Siberian tigers died in Shenyang： the boss was accused of misappropriating funds to pay off debts


China News Agency issued Zhao Jingdong photo



　　From November 2009 to February 2010, a total of 11 Siberian tigers died abnormally in the glacier animal park in Qipanshan Forest Wildlife Park, Shenyang. According to industry insiders, the Siberian tiger in the park has been suffering from chronic malnutrition and low immunity, so it is sick. China News Agency issued Zhao Jingdong photo


　　Yesterday afternoon, more than 100 employees of Shenyang Forest Wildlife Park went on strike for three days. On the same day, working groups from the State Forestry Administration, Liaoning Forestry Administration and Shenyang Qipanshan Management Committee arrived one after another to solve the problem of the death and feeding of the Northeast Tiger. As of last night, no effective plan was reached. After the death of 11 Siberian tigers in the park, the management Committee of Qipanshan Development Zone in Shenyang, where the zoo is located, asked the relevant departments to carry out further investigation.


　　More than 100 employees went on strike because of unpaid wages.


　　Yesterday, dozens of workers gathered in front of Shenyang Forest Zoo, waiting for the news of pay. They heard that relevant leaders would come to solve the problem of unpaid wages that day.


　　According to reports, the zoo has more than 260 employees. After the park was closed for rectification on November 13 last year, there were 145 employees left. At present, the accumulated unpaid wages are 18 months, totaling more than 3 million yuan.


　　At 9: 00 am on March 10, more than 100 employees announced that they would no longer work. "Employees asked not to work without pay." Wu Xi, the 67-year-old deputy party secretary of the zoo, said.


　　The strikers included breeders, boiler workers, security guards and cashiers. Except for more than 20 office workers who continue to work, all other front-line employees basically stop working.


　　Wu Xi said that on March 5th, after Liu Dajun, the first vice president of the zoo, resigned, he took charge. In the past three days, Wu Xi claimed to communicate with employees every day, but it had no effect. At present, the whole zoo is in a state of paralysis.


　　Yesterday, some keepers standing at the gate of the zoo said that in the past three days, "tigers have been fed by leaders." Wu Xi said that it was he who organized the office staff to raise animals these two days.


　　"20 people do the work of 80 people." Wu Xi said that animal breeders are skilled workers, and it is not a long-term solution to find someone to feed them casually. If there is a safety accident, you can’t take responsibility.


　　The State Forestry Administration sent people to investigate.


　　After the employees of Shenyang Forest Zoo went on strike, the news of the death of more than 10 Siberian tigers was revealed to the media. Eleven Siberian tigers died one after another within three months because they were not well cared for, which attracted national attention.


　　Yesterday, an employee at the scene said that on November 13 last year, two Siberian tigers were shot and killed by random guns after attacking a male breeder. Subsequently, the original free-range Siberian tigers were kept in cages, and 12 Siberian tigers died one after another.


　　"With the two killed, a total of 14 Siberian tigers died." The above-mentioned employee said that in fact, tigers and other animals die every winter. According to him, since the park was built in 2000, dozens of animals such as forty or fifty tigers and more than twenty lions have died in the park.


　　It is understood that at the beginning of the establishment of the zoo, there were 1024 animals of 61 species, but by February 8 this year, there were only 518 animals of 49 species. Wu Xi said that there are currently 30 tigers left in the park, including 18 Siberian tigers, 1 Bengal tiger and 11 white tigers.


　　Yesterday, the relevant person in charge of the Wildlife Protection Department of the State Forestry Administration led a team to the zoo for investigation. Also going together is the person in charge of the Wild Protection Department of Liaoning Forestry Bureau.


　　On the same day, the Liaoning Provincial Forestry Department, Qipanshan Management Committee and other working groups also came here one after another to understand the situation.


　　Regarding the whereabouts of dead tigers, the park said that every dead tiger has been dissected and identified by professors of Liaoning Agricultural University, and it is not an infectious disease. They will keep tiger bones and tiger skins in the freezer and feed tiger meat to other animals.


　　Make sure there is no more tiger death.


　　Yesterday, the management committee of Qipanshan Development Zone announced that the management committee requested the District Public Security Bureau to take the lead, the Forestry Bureau and the Safety Supervision Bureau to participate, and formed a joint investigation team with Shenyang Wildlife Protection Management Station to seriously investigate the cause of tiger death. At the same time, urge enterprises and relevant departments to do a good job in wildlife protection to ensure that there will be no more incidents such as dead tigers. After the facts are clearly investigated, the Qipanshan Development Zone Management Committee will announce it to the public as soon as possible.


　　-Current situation


　　The government allocates 18 thousand to feed animals every day


　　The person in charge of the zoo said that it was harmful to the government to say that tigers were starved to death.


　　Yesterday, Wu Xi, deputy secretary of the Zoo Party Committee, confirmed that after the park was closed last year, the Qipanshan Management Committee of Shenyang allocated 15,000 yuan to the zoo every day, and it increased to 18,000 yuan every day from February 1. The money is earmarked for feeding animals.


　　Wu Xi said that all the funds were paid by the check of the management Committee, and the zoo only had three leaders’ car expenses, which could be reimbursed by the ticket.


　　In addition, the zoo heats and burns about 1 ton of diesel every day, which costs 8,000 yuan; It costs 2000 yuan to use electricity every day; Food used for animal feeding costs 6000 yuan every day; The remaining 2,000 yuan is used to solve the staff’s meals and commuting vehicle expenses.


　　Wu Xi, deputy secretary of the Party Committee in charge of the overall work of the zoo, said that according to this distribution, the zoo can basically maintain normal operation.


　　Wu Xi denied that the outside world only fed chickens to tigers. He said that in recent days, the tiger was fed with white striped chicken, and only the chicken rack was fed in summer. "If you feed beef, how can more than forty tigers afford it?"


　　However, Wu Xi firmly denied that the Northeast Tiger starved to death. He said that there were four reasons for the death of more than ten Siberian tigers in three months: first, it was difficult for tigers to adapt to cage culture after the park was closed; Second, their own investment is insufficient; Third, they have problems in management; Fourth, the tiger is sick because of freezing in winter. "This is a comprehensive reason. It can’t be said that it is starved to death. The government invests so much money every day, saying that starvation is not harmful to the government."


　　-Analysis


　　Management Committee: The zoo has enough money to spend.


　　Wu Xi said that the funds were removed by the boss to pay off debts, and the funds used for animals were scarce.


　　The zoo is a joint-stock enterprise, with the largest private share, and the state-owned Shenyang Zoo holds 15% of the shares. Yang Zhenhua, the chairman of the board, not only invests in this zoo, but also invests in nearby golf projects, and seldom comes to the zoo.


　　Wu Xi said that in 2006, there was a disturbance of stopping the park, and the boss didn’t want to contract again at that time. At that time, the Shenyang municipal government coordinated it many times. In April last year, the relevant leaders instructed to solve the problem of the zoo as soon as possible, but after many investigations, there is still no following. "The audit department has almost turned our books over."


　　According to relevant sources of Qipanshan Management Committee, after the park was closed in 2006, the local government subsidized the zoo 2 million yuan every year, and as of this year, 8 million yuan has been credited. Wu Xi said that this fund can’t be used for employees’ salaries, and it is specially used for raising animals.


　　It is said that the park’s annual conservative income is 12 million yuan, plus government subsidies totaling 14 million yuan, which is enough to maintain the operation of the animal park. Why are animals so short of food?


　　Faced with this problem, Wu Xi said that this zoo is a private enterprise, and every year the boss will use it to pay off debts and pay back wages, but less than 8 million yuan is really spent on animals.

Editor: Wang Yuxi

Don’t want to be humiliated, I blacked out my boyfriend who knows Wang.

Original Esquire fashion xiansheng

Human emotions often appear ambiguous and complicated, and it is not uncommon for us to show polarized reactions to all kinds of people and things. And such a contradictory psychological state seems to be summed up by "insulting pursuit".

With the further normalization of "insulting pursuit", in real life, the phenomenon of "insulting pursuit" seems to be more common than we thought. When searching for "insulting pursuit" on major social media, we were surprised to find that "insulting pursuit victims" emerged one after another. They gradually discovered that over the years, it turned out that not only the boss, parents and lovers, but even themselves were insulting pursuit …

"chickens can’t make babies,

I can’t cock you yet? "

"Don’t you think the purpose of my saying these words to you is to make you better?"

"But I only feel that you are suppressing me."

I blacked out my boyfriend, not only because his words were too harsh for me, but also because he didn’t understand and was "stubborn". He and I began to fall in love when we were in college. After graduation, we chose different careers in the same city. I chose the school recruitment to enter a foreign company, and he chose to take the postgraduate entrance examination for further study. Two years later, I am still a small employee in the enterprise, and he has obtained the qualification of direct blog in key universities.

At first, when things didn’t go well at work, I would complain to him, and he was willing to help me relieve my emotions. Slowly, he became more and more busy, and I didn’t want to bother him all the time because of these.

But right after he started blogging,

His words began to taste different.

When I once again told him about the troubles at work, he suddenly began to persuade me to go to the on-the-job graduate students, saying that the level of these people in my current working environment is too low, and they will get better after reading the graduate students. Between the words and the words, the attitude of "knowing the king" is really mixed.

When I heard his suggestion, I didn’t feel happy, but I was suddenly offended. When he was just a graduate student, his senior once jokingly asked him, "Since he is in graduate school, why not find another graduate student, so that we can have a common language."

From then on, I knew that in the eyes of some people, there was also "reproductive segregation" between different academic degrees, as if only with the title of graduate student could I be worthy of him and become his "‘soulmate’". "

In my life of more than 20 years, I have always thought that I am an excellent ordinary person if I have a harmonious family, work hard, my salary can support my own expenses, and I can have several hobbies after work. But he was sarcastic after I was angry. I was dissatisfied with my job, but I didn’t improve myself. I changed to a better job, which was the performance of not being motivated enough and eating and waiting for death.

This hat makes me feel wronged. I just met an unpleasant thing at work. How can I wait until I die?

A few days later, he suddenly appeared in the downstairs of my company, apologized to me face to face, and revealed his true thoughts. Because I kept telling him what was wrong at work, he felt that I was asking for help, so he tried his best to give me more reasonable suggestions to change the status quo.

After listening, I can only smile bitterly. The difficulties and unpleasantness in life are so common that not all problems can be solved. Similarly, in an intimate relationship, after one party hurts the other, a frivolous "I do it for your own good" can’t really make up for the rift. After all, no one can stand the "insulting pursuit" of his partner.

"Listen to parents scold a scold,

Can’t you? "

After I graduated in 2015, I changed many jobs, but it is difficult for me to get too much positive feedback at work. After leaving my job at the end of 2023, I returned to my hometown and was unemployed at home, preparing to apply for overseas graduate students. My relationship with my parents is actually quite good. I have had the experience of staying at home after leaving my job before, so I naively thought that I should be able to get along with them when I go home this time.

After the age of 30, never stay in the same room with your parents for more than three days. “

This is my deepest feeling since I left my job and was unemployed at home.

It’s no accident that I decided to leave my job. I have worked in internet companies, 4A companies, traditional media and other industries. However, with the increase of my work experience, on the one hand, the high pressure of my work makes it difficult for me to get positive feedback and emotional value. On the other hand, I find that my existing knowledge reserve is seriously insufficient, and it is actually difficult for me to keep up with the rapidly developing society. Seeing that the students who chose to continue their studies when they graduated at that time are still studying in their favorite fields, I decided to resign and apply for overseas graduate students, change a track and continue to struggle.

In fact, when I jump out of the unchangeable life and choose a new path, I should realize that not everyone will understand and unconditionally support my decision, even my parents are no exception.

As a 31-year-old single woman who is unemployed at home and needs to spend several years studying in a foreign country, even if she has enough savings, it is difficult to resist the dissuasion of her parents and the "humiliation" of hating iron and not turning into steel.

"Can’t you honestly find someone to marry now?"

"I have to read that book. How old is it?"

"Now it’s hard to find a job at this age. What good job can you find after graduation?"

Such questions began to appear in my conversation with my parents one after another from the day I announced to my family that I would study abroad. Last December, my mother even showed up at my party with my blind date. The scene was very embarrassing at one time, and finally everyone broke up.

But in addition to these repeated hecklings, my parents are tolerant enough to me in daily life. When I see that I am busy preparing for IELTS after leaving my job, my mother will also buy me a lot of supplements to supplement my body.

I can understand that my parents dissuaded me because they thought

I am still a child who needs to be protected.

They want me to have a stable life, such as a stable job and a happy marriage, rather than let me face the uncertainty in my life alone.

Years ago, I finally received my favorite offer. Although I still can’t resist my parents’ nagging, fortunately, my future is just around the corner. I can only hope that the old couple can let go of their "obsession" as soon as possible.

"The care of leaders,

How can it be called insulting pursuit? "

I have always felt that I am a very strong person. Since junior high school, I have been attending boarding schools. No matter in life or study, you are not allowed to be worse than others, especially in college. In the four years of college, my GPA has been quite high, and besides, I have joined many clubs. It is precisely because I was really excellent when I was a student that teachers, family and friends around me always praised me.

After graduating from undergraduate course, I listened to the opinions of my family. Instead of going to a foreign company I liked, I went back to my hometown and went to work in a local state-owned enterprise.

I thought that working in a state-owned enterprise was equivalent to providing for the elderly.

But I didn’t expect, pension? It doesn’t exist.

As an accountant, I think my working ability is acceptable, but since I started working, several old colleagues have been critical of me in every way, and when they made a little mistake, they began to question my ability and asked me, "Is this the only level of graduates from famous universities?"

The fragmented and contradictory attitude of the leaders directly under me is even more unacceptable. In private conversations, I am constantly scolded for being "not motivated enough, poor in learning ability and too lazy" and asked me to treat my work more seriously. At the meeting, he borrowed me to beat the old employees, and often praised me in front of others for my ability, obedient, good temper and sensible. "Look at Xiao Liu, who is really a hexagonal warrior."

When I was in college, I could directly feel my ability and reward based on my grades and rankings, which seemed to be getting farther and farther away from me. I am doing the same job, accepting ambiguous "praise" and straightforward depreciation. Gradually, I realize that I can no longer immerse myself in emotions, and I can’t care too much about the evaluation of my leaders and colleagues. Only "desensitization" and "fooling" can make my breasts smoother.

In the face of the leader’s "humiliation pursuit", I responded with "uh-huh". In the face of colleagues’ criticism, I responded with "ha ha ha ha", and the negative emotions of inferiority and doubt gradually drifted away from me. I successfully desensitized myself to the leader’s "humiliation pursuit".

"I humiliated myself."

You ask me what is the highest realm of PUA? That’s self PUA, and I firmly believe that I’m giving myself chicken blood by doing so.

Young people don’t work hard, long university design, every overtime night, I will scream this sentence in my heart.

I thought that after graduating from high school, the years of high-intensity preparation for exams would become history, but I didn’t expect that for civil engineering students, no qualification certificate means no job, and studying architecture means no return.

From CET-4 and CET-6 in college to construction engineer and cost engineer after graduation, I have to take time off to prepare for the exam in high-intensity work.

Too many certificates and too long road, today’s rice bowl may not be tomorrow.

I was robbed by someone with an extra certificate.

In this persistent sense of crisis and high-intensity working environment, I learned to "humiliate myself" and gradually realized a kind of happiness from it.

Before the research, I learned to go to work from six o’clock in the morning and from work to two o’clock in the evening. Every night, I told myself that today’s efficiency was not high enough, and I should concentrate more tomorrow, and I would reward myself with a day of relaxation after the exam. After the textual research, I kept telling myself that this was not the end. Don’t be afraid of the certificate and take it lightly. I should always keep studying and change to another certificate to continue the exam.

But I seem to have lost my enthusiasm for life after taking the exam. "

Eating is the energy of textual research, sleeping is the energy of textual research. If you pass the exam, you don’t reward yourself and feel that you deserve it. If you fail the exam, you will be crazy about yourself and feel that you have IQ problems.

I am the kind of person who has no fun in life. I don’t have many hobbies, but I strongly need to be recognized and affirmed. Textual research can not only give my ability recognition from the official level, but also repay my efforts in stages. It can be said that textual research is my only hobby and a tool for my livelihood.

My friends say that I am too hard on myself and my health is prone to problems. Admittedly, after graduation, my physical fitness has dropped a lot. Last year, I fainted at home because of studying all night. After being sent to the hospital, the doctor told me that it was myocarditis and needed to be nursed back to health.

In order to make my life more healthy, I also tried to get myself out of the high pressure of preparing for the exam and told myself to slow down. If I fail the next exam, I think I will tell myself: You have worked hard, but you are not lucky this time.

Love is love, it is purely naked, expressing love completely and without reservation, which is a subject that we all need to learn. Perhaps, we can hug each other and ourselves more freely by removing the packaging of "insulting pursuit".

TALK TALK

When does it start,

Do you find yourself experiencing "humiliation"?

Edit Sissi Hua

Author 6024

Illustration YS

Visual Ivy

Proofread Jiayi Cui

Original title: "I don’t want to be humiliated, I blacked out my boyfriend who knows Wang"

Read the original text

Details of 16 deaths in Songzao Coal Mine in Chongqing： Some self-rescuers failed seriously.

　　On September 28th, official website of Henan Coal Mine Safety Supervision Bureau reported the "9.27" accident in Songzao Coal Mine of Chongqing Nengtou Chongqing New Energy Co., Ltd., saying that we should learn from the accident and effectively prevent coal mine accidents.

　　The Paper noted that the aforementioned circular disclosed the specific cause of the fire accident in Songzao Coal Mine, Chongqing: due to the serious wear of the No.2 underground belt carrying coal with large inclination, after the belt temperature rose, the belt conveyor failed to provide a temperature protection device and a smoke detector, and the belt stopped running without warning, which led to the fire of the belt, and the coal on the belt burned, resulting in toxic and harmful gases flowing back to the working face, resulting in personnel poisoning. In the process of escape, workers found that some compressed oxygen self-rescuers had zero air pressure, which seriously failed.

　　According to The Paper’s previous report, at 0: 00 on the 27th, 17 people were trapped in Songzao Coal Mine, Chongqing Energy Investment Group, Qijiang District, Chongqing, because the belt burning caused carbon monoxide to exceed the limit. As of the 27th, the search and rescue was completed, among which 16 people had no vital signs, and one person had been sent to hospital for full rescue.

　　On the 27th, a staff member of Chongqing Qijiang District Emergency Management Bureau told The Paper that the accident was caused by a belt fire on transportation equipment. The staff of the Propaganda Department of the Qijiang District Committee said that the cause of the burning of the belt has yet to be investigated.

　　According to the aforementioned report of Henan Coal Supervision Bureau, the fire accident in Songzao Coal Mine in Chongqing caused 16 deaths and 38 injuries. The bureau requires that all coal mining enterprises should learn from accidents, strengthen the investigation and management of hidden dangers of belt transportation systems, and thoroughly investigate whether the flame retardant performance of underground belts meets relevant regulations and whether the protective devices installed by belt conveyors are sensitive and reliable. Where there are hidden dangers such as non-compliance of flame retardant performance and incomplete and effective protection devices, the belt conveyor shall be stopped immediately.

Completed Porsche Taycan？ HiPhi Z from 600,000

When it comes to high-end cars, the first word that comes to mind is probably "high-end". After all, the first model, high-end HiPhi X, is too impressive. And on July 5, high-end’s second model, high-end HiPhi Z, has also started blind ordering.

Let’s say that in recent May, the existing HiPhi X with 369 vehicles delivery results, more than Mercedes-Benz EQC, Porsche Taycan, in the luxury pure electric market segment above the 500,000 top, as a new power brand, HiPhi X models delivered its first anniversary, this car occupied a quarter of the market share of more than 500,000 luxury pure electric products.

So the price range of the next new product HiPhi Z is 60-800,000 yuan, can it continue the glory of the previous work? From the official information, this car is defined as a new concept GT, and the design of HiPhi Z is inspired by space, digital life and multi-dimensional sensory experience, which sounds very "three-body". However, seeing the appearance of the real car, it is indeed 95% similar to the previous modeling promotional picture.

The front of the HiPhi Z is designed to be closed, while the air intake grille is designed to be breathable scales. The irregular headlights on both sides are similar to the HiPhi X, and the shape is more futuristic than the HiPhi X. It seems that cars that advertise a sense of technology like to make a fuss about the lights. This HiPhi Z has a digital matrix light effect and has been innovated on the light group, turning it into an "LCD screen". Owners can customize the light group according to their own preferences.

Like the HiPhi X, there is no door handle on the side of the HiPhi Z, and the door can be opened with a button, which seems to be the standard of electric vehicles. In terms of interior, the steering wheel and seats are made of holographic Symphony NAPPA leather, while the door panel is a light strip combined with suede material and ambient lights. When you turn on the interior lights, play music, and the colors will follow the music.

It is worth mentioning that the HiPhi Z has cancelled the traditional instrument panel design and replaced it with a HUD + central control screen. And this central control screen is very flexible, it can move, rotate, nod, and shake.

And it has a multi-axis robotic arm, which can automatically turn the central control screen to the appropriate angle and position according to the situation in the car. To a certain extent, it looks like a "mobile phone stabilizer" to me.

Since it is a new energy electric vehicle, the HiPhi Z has powerful digital intelligence. Under the invisible vehicle nervous system, it is the super electronic and electrical architecture of the HiPhi Z – H-SOA. Its HiPhi Bot can be expressed more humanely, creating any scene by mobilizing the combination of ambient lights, sound, fragrance, etc.

In addition, in terms of intelligent driver assistance perception, the HiPhi Z comes standard with * 32 driver assistance sensors. And according to the released information, the HiPhi Z is equipped with a 120kWh power battery, and the comprehensive battery life under CLTC conditions reaches 705km. The price range is 60-800,000 yuan, and it will be officially launched in August. (* 1 lidar, 13 cameras, 5 millimeter wave radars, 12 ultrasonic radars and 1 three-zone hands-off detection sensor)

It can be seen that the design of the appearance and interior of Gahe’s products is relatively bold. From the HiPhi Z, it can be seen that its benchmark is the Porsche Taycan, which is also a high-end electric model. The Porsche Taycan is relatively conservative in human-machine interaction.

However, the actual experience of the HiPhi Z car will not be known until it is delivered to the owner. But does this handsome appearance fit your fantasy of future cars?

China’s policy document on EU.

China’s policy document on EU.


Foreword

At the beginning of the century, the international situation has undergone profound changes. The trend of world multipolarization and economic globalization continues to develop in twists and turns, and peace and development remain the theme of the times. The world is still far from peaceful, and mankind still faces many severe challenges. However, maintaining world peace, promoting development and strengthening cooperation are related to the well-being of people of all countries, the common aspiration and pursuit of people of all countries, and an irresistible historical trend.

China is committed to building a well-off society in an all-round way and hopes to create a good international environment. China will, as always, pursue an independent foreign policy of peace, work with other countries in the world to promote the establishment of a just and rational new international political and economic order, respect the diversity of the world, promote the democratization of international relations, safeguard world peace and seek common development on the basis of the Five Principles of Peaceful Coexistence.

The EU is an important force in the world. China appreciates the importance that the EU and its member states attach to developing relations with China. For the first time, the China government has formulated a policy document on the EU, aiming at showing China’s policy objectives on the EU, planning cooperation areas and relevant measures in the next five years, strengthening all-round cooperation with the EU, and promoting the long-term and stable development of China-EU relations.

Part I: The position and role of the EU.

The birth and development of the European Union is a far-reaching event after the war. Since the establishment of the European Coal and Steel Community in 1952, the European Union has gone through the stages of development, such as customs union, unified big market, and economic and trade union. Its diplomatic, defense and social alliances have all made progress, the euro has been successfully circulated, and a unified judicial area is taking shape. The EU has become a country with the highest degree of integration and comprehensive strength in the world, accounting for 25% of the world’s total economic output and 35% of the world’s total trade volume, and its per capita income and foreign investment rank among the top in the world.

In 2004, the EU will expand to 25 countries. A new EU covering East and West Europe, with an area of 4 million square kilometers, a population of 450 million and a GDP of over 10 trillion US dollars will soon emerge.

Although the development of the EU still faces many difficulties and challenges, its integration process is irreversible, and the EU will play an increasingly important role in regional and international affairs in the future.

The second part: China’s policy towards the EU.

China attaches importance to the role and influence of the EU in regional and international affairs. History has proved that the establishment of diplomatic relations between China and the European Economic Community in 1975 was in the interest of both sides. There have been twists and turns in China-EU relations, but the overall development is good and maturing, and it has entered the track of comprehensive and healthy development. In 1998, the annual meeting mechanism between Chinese and European leaders started. In 2001, China and Europe established a comprehensive partnership. The consultations between the two sides in the fields of politics, economy and trade, science and technology, culture and education have become increasingly close, and the cooperation has achieved remarkable results. China-EU relations are at their best in history.

There is no fundamental conflict of interest between China and Europe, and they do not pose a threat to each other. Due to the differences in historical and cultural traditions, political systems and stages of economic development, it is normal for China and Europe to have different views and differences on certain issues. As long as they are properly handled in the spirit of equality and mutual respect, differences will not become an obstacle to the development of mutual trust and mutual benefit between China and Europe.

The similarities between China and Europe far outweigh the differences. Both China and Europe advocate democratization of international relations, strengthening the role of the United Nations, opposing international terrorism, eliminating poverty, protecting the environment and achieving sustainable development. China and Europe have their own economic advantages and are highly complementary. The EU has developed economy, advanced technology and abundant funds. China has sustained economic growth, a vast market and abundant labor resources. The prospects for economic, trade and technical cooperation between the two sides are broad; China and Europe have a long history and splendid civilizations, and both advocate strengthening cultural exchanges and learning from each other. The political, economic and cultural consensus and interaction between China and Europe constitute a solid foundation for the continuous development of China-EU relations.

Strengthening and developing China-EU relations is an important part of China’s foreign policy. China is committed to building a long-term and stable comprehensive partnership between China and Europe. China’s policy objectives towards the EU are:

-Respect and trust each other, seek common ground while reserving differences, promote the healthy and stable development of political relations and jointly safeguard world peace and stability.

-Mutual benefit, equal consultation, deepening economic and trade cooperation and promoting common development.

-learn from each other, learn from each other’s strengths, expand humanities exchanges, and promote the harmony and progress of eastern and western cultures.

Part III: Strengthening China-EU cooperation in various fields

I. Political aspects

(A) to strengthen high-level exchanges and political dialogue

-Maintain close contact and timely communication between high-level officials of both sides in various ways.

-Give full play to the function of the annual meeting between Chinese and European leaders, enrich the content, pay attention to actual results and strengthen coordination.

-Conscientiously implement the China-EU political dialogue agreement and constantly improve and strengthen the regular and irregular consultation mechanisms at all levels.

-Deepen relations with EU member states, including new member states, and safeguard the stability and continuity of China-EU overall relations.

(2) Abide by the one-China principle.

The One-China principle is an important part of the political foundation of China-EU relations. Properly handling the Taiwan Province issue is related to the stable development of China-EU relations. China appreciates the EU and its member states’ adherence to the one-China principle, and hopes that the EU will always respect China’s major concerns on the Taiwan Province issue, be alert to the Taiwan Province authorities’ attempts to create "two China’s" and "one China, one Taiwan", and handle Taiwan-related issues carefully:

-Taiwan politicians are not allowed to go to the European Union and member States under any pretext, and they are not allowed to have any official contacts and exchanges with the Taiwan authorities.

-Taiwan is not supported to join international organizations in which only sovereign countries participate. Taiwan’s accession to the World Trade Organization in the name of "Taiwan Province, Penghu, Kinmen and Matsu separate customs territories" (referred to as "China Taipei") does not mean that Taiwan Province’s status as a part of China has changed, and its contacts with Taiwan should be strictly limited to unofficial and non-governmental categories.

-Not selling Taiwan weapons and equipment, materials and technology that can be used for military purposes.

(3) Encourage Hong Kong and Macao to cooperate with the EU.

The Central Government of China supports and encourages the Hong Kong Special Administrative Region and the Macao Special Administrative Region to develop friendly and cooperative relations with the EU on the basis of equality and mutual benefit in accordance with the principle of "one country, two systems" and the provisions of the Basic Law.

(4) Promoting the EU to understand Tibet.

China encourages people from all walks of life in Europe to visit Tibet; Welcome the EU and its member States to provide support and cooperation for Tibet’s economic, cultural, educational and social development on the premise of respecting China’s laws and regulations; The European side is required not to contact the so-called "Tibetan government in exile" and not to facilitate the separatist activities of the Dalai clique.

(5) Continue the human rights dialogue.

China and Europe have consensus on human rights issues, but there are also differences. China appreciates the EU’s position of adhering to dialogue and not engaging in confrontation, and is willing to continue human rights dialogue, exchanges and cooperation with the EU on the basis of equality and mutual respect, exchange information, enhance understanding, and deepen cooperation including the protection of economic, social and cultural rights and the rights of vulnerable groups.

(6) Strengthening international cooperation.

-Strengthen consultation and coordination on major international and regional hotspot issues.

-Strengthen China-EU cooperation in the United Nations and jointly safeguard the authority of the United Nations; Promote the United Nations to play a leading role in safeguarding world peace and promoting economic and social development, especially in helping developing countries to eradicate poverty, improve the global environment and combat drugs, and support the reform of the United Nations.

-Promoting the process of Asia-Europe cooperation. With the joint efforts of China and Europe, ASEM has become a model of equal cooperation between continents, a channel for exchanges between eastern and western civilizations and a driving force for establishing a new international political and economic order.

-jointly fight terrorism. Both China and Europe are victims of terrorism, and they are opposed to all forms of terrorism, and they are also opposed to linking terrorism with specific countries, ethnic groups or religions. China and Europe should maintain close contact and cooperation in counter-terrorism.

-jointly safeguard the international arms control, disarmament and non-proliferation system and strengthen consultation and coordination on the basis of mutual respect; Strengthen exchanges and cooperation in the field of non-proliferation and export control and the prevention of weaponization and arms race in outer space; Work together to solve the problems of anti-personnel mines and explosive remnants of war; Strengthen cooperation in the implementation of international arms control treaties.

(7) enhancing mutual understanding between Chinese and European legislatures.

The relationship between the National People’s Congress of China and the parliaments of EU member states and the European Parliament is an important part of China-EU relations. The Government of China welcomes and supports the legislative bodies of both sides to strengthen exchanges and dialogues on the basis of mutual respect, deepening understanding, seeking common ground while reserving differences and developing cooperation.

(8) Increase exchanges between political parties in China and Europe.

The Government of China would like to see the major political parties, parliamentary groups and regional political party organizations in the European Union increase exchanges and cooperation with the Communist Party of China (CPC) on the basis of the principles of independence, complete equality, mutual respect and non-interference in each other’s internal affairs.

Second, the economic aspect

(1) Economic and trade cooperation

China is committed to developing dynamic and long-term stable economic and trade cooperation between China and Europe, and expects the EU to become China’s largest trade and investment partner:

-Give full play to the mechanism of the Mixed Economic and Trade Committee and strengthen the dialogue on economic and trade supervision policies; Consider updating the China-EU Trade and Economic Cooperation Agreement in due course; Using WTO rules, properly solve unreasonable restrictions and technical barriers, relax restrictions on high-tech exports, and give full play to the great potential of technical and trade cooperation; Give China "full market economy status" as soon as possible, reduce and eliminate anti-dumping and related discriminatory policies and practices against China, and use "special safeguard measures" with caution; Reasonable compensation for the loss of China’s economic and trade interests due to EU enlargement.

-Strengthen coordination and cooperation between China and Europe in the new round of World Trade Organization negotiations and jointly promote the success of the negotiations.

-strengthen investment dialogue, promote the establishment of bilateral investment promotion agencies, actively guide enterprises of both sides to invest in each other, and expand cooperation between small and medium-sized enterprises; Carry out processing trade, project contracting and various labor cooperation, and encourage transnational operation and international production.

-Welcome the EU to increase its development assistance to China, especially in the fields of environmental protection, poverty alleviation, health care and education. At the same time, we also welcome to play a role in strengthening human resources training, especially in the central and western parts of China, and in building China’s capacity to participate in the multilateral trading system.

-Strengthen cooperation in the field of quality supervision, inspection and quarantine, establish a consultation mechanism, and timely solve the problems affecting the market access of products of both sides under the principle of safeguarding safety, hygiene, health and environmental protection.

-Strengthen customs cooperation and sign a China-EU customs agreement in due course.

(2) Financial cooperation

Establish and improve the high-level financial dialogue mechanism between China and Europe, expand policy exchanges between China and Europe’s central banks, and deepen cooperation in preventing financial crisis, anti-terrorism financing and anti-money laundering. China welcomes banks of EU member countries to expand their business in China and hopes to properly solve the market access problem of China financial institutions in the EU.

China will actively examine the applications of insurance institutions of EU member States for business in China in accordance with insurance laws and WTO commitments, and improve the regulatory system.

Strengthen cooperation in securities legislation, market supervision and investment operation, encourage more securities institutions, fund management institutions and other institutional investors from EU member countries to enter the China market, also encourage China securities institutions to enter the EU securities market when conditions are ripe, and actively support China enterprises to enter the EU securities market for financing.

(3) Agricultural cooperation

Strengthen exchanges between China and Europe in agricultural production, agricultural product processing technology and sustainable development, give play to the role of the meeting mechanism of the agricultural working group, and promote cooperation between agricultural research institutions, universities and enterprises of both sides. Encourage EU enterprises to actively participate in agricultural development in central and western China, and invest in high-tech agriculture, deep processing of agricultural products, agricultural infrastructure construction and other fields.

(4) Environmental cooperation

Strengthen communication and cooperation between China and Europe in the field of environmental protection, start the dialogue mechanism between Chinese and European environment ministers, formulate a framework document for environmental protection cooperation, explore the establishment of an environmental cooperation information network, strengthen cooperation between the two sides on environmental legislation and management, climate change, biodiversity protection, biosafety management, trade and environment, and jointly promote the follow-up actions of the Johannesburg World Summit on Sustainable Development. Encourage exchanges between non-governmental environmental protection organizations; Encourage European enterprises to enter China’s environmental protection market more through equal competition.

(V) Information technology cooperation

Welcome the EU to participate in the informatization construction in China. Strengthen the mechanism of the China-EU Working Group on Information Society Dialogue, carry out exchanges and dialogues on information society strategies, policies and regulations, actively promote trade in information products and industrial and technical cooperation, and encourage the expansion of exchanges on intellectual property rights and technical standards. Promote cooperation in the field of "Digital Olympics".

(VI) Energy cooperation

Expand China-EU cooperation in the fields of energy structure, clean energy, renewable energy, energy efficiency improvement and energy conservation, promote the exchange of energy development policies, run the China-EU energy cooperation conference well, strengthen the energy working group mechanism, promote energy technology training and demonstration project cooperation, and promote the promotion and transfer of technology.

(7) Traffic cooperation

Establish a regular meeting mechanism between China and the EU under the framework of the China-EU Maritime Agreement, carry out cooperation in maritime transport and maritime affairs, and strengthen coordination and cooperation in international organizations such as the International Maritime Organization (IMO); Deepen and expand exchanges between the two sides in inland river shipping policies, shipping safety and ship standardization, continue to expand technical and management cooperation and exchanges in the highway field, and strengthen dialogue and exchanges in highway transportation legislation.

Deepen exchanges between China and Europe in the field of civil aviation and strengthen cooperation between enterprises in production, technology, management and training.

Third, teaching, science, literature, health and other aspects

(1) Scientific and technological cooperation

Promote Sino-EU scientific and technological cooperation on the basis of mutual benefit, achievement sharing and intellectual property protection: strengthen joint development and cooperation of common technologies and major technical equipment of both sides, and encourage China institutions to participate in the EU scientific and technological framework plan; Participate in the Galileo program on the premise of equality and mutual benefit and balance of rights and obligations, and strengthen cooperation in the field of international science; Give full play to the role of the China-EU Steering Committee on Science and Technology Cooperation and run the China-EU Science, Technology and Innovation Policy Forum well; Encourage the cooperation of science and technology intermediaries between the two sides and the flow and training of scientific and technological human resources, and support Chinese and European enterprises to participate in scientific and technological cooperation.

(2) Cultural exchange

With a more open attitude, China will consolidate and deepen its cultural exchanges and cooperation with EU member States, and gradually form a multi-level and all-round cultural exchange framework between China and the EU, EU member States and their local governments, as well as people-to-people and businesses, so as to facilitate the Chinese and European people to understand each other’s excellent culture.

China will gradually establish the China Cultural Center in the capitals of EU member states and Brussels, and welcomes the European side to set up a cultural center in Beijing based on the principle of reciprocity and mutual benefit. Encourage China and Europe to jointly hold high-level cultural exchange activities and explore new modes of cultural industry cooperation; Explore the establishment of a consultation mechanism for China-EU cultural cooperation and jointly hold the "China-EU Cultural Forum".

(3) Educational cooperation

Strengthen and expand exchanges at all levels, establish a consultation mechanism for China-EU education cooperation in a timely manner, strengthen cooperation in mutual recognition of academic degrees, exchange of foreign students, language teaching, exchange of scholarship students, teacher training, etc., run China Europe International Business School well, and train more high-level talents. Encourage and support each other in language teaching.

(D) Health and medical cooperation

Strengthen cooperation in the field of health, especially learn from each other’s experience in prevention and control of major diseases such as SARS and AIDS; Actively carry out exchanges in clinical diagnosis and treatment, epidemiological investigation, analysis and monitoring, laboratory testing, research and development of medicines and vaccines, and training of health personnel; Explore the establishment of a mechanism to inform each other of public health emergencies and provide technical support.

(5) News exchange

Promote exchanges and cooperation between the Chinese and European press, and encourage the media of both sides to strengthen mutual understanding and comprehensively and objectively report each other’s situation. Strengthen the contact and communication between the relevant government departments of China and Europe, and exchange the practices and experiences of government news release and handling the relationship between the government and the media.

(6) Personnel exchanges

We will encourage exchanges between Chinese and European personnel and non-governmental organizations, and we are willing to reach an agreement as soon as possible on opening EU countries as destinations for China citizens to travel abroad on the principle of equality and mutual benefit.

We will strengthen and expand consular cooperation between China and Europe, solve the problems of China citizens’ difficulty in applying for entry visas to Europe and their blocked entry as soon as possible through consultation, safeguard the legitimate rights and interests of citizens, and ensure the normal exchanges between Chinese and European personnel.

Oppose illegal immigration and smuggling activities, strictly enforce the law and crack down on illegal crimes. China and Europe should strengthen consultation and cooperation and properly handle the repatriation and other issues arising from this.

IV. Social, judicial and administrative aspects

(A) labor and social security cooperation

Strengthen cooperation between China and Europe in the fields of migrant employment and migrant workers’ labor rights and interests, and expand coordination in international labor affairs. Negotiate and sign bilateral social insurance agreements between China and Europe, implement social security cooperation projects between China and Europe, and expand exchanges in various social insurance.

(2) Judicial exchanges

On the basis of equality and mutual respect, we will continue to carry out China-EU legal and judicial cooperation projects and expand related cooperation fields, expand exchanges in key areas such as judicial reform, and explore judicial cooperation in combating transnational crimes. Strengthen the exchange of experience in the field of legal supervision between China and Europe, and study the establishment of an annual meeting system for senior judicial officials between China and Europe.

(3) Police cooperation

Establish and strengthen exchanges with EU institutions and EUROPOL, expand substantive cooperation with law enforcement departments of EU member States, and strengthen joint investigation and case handling and information exchange under the legal framework of both sides. Jointly support and actively participate in UN peacekeeping and other operations.

(4) Administrative cooperation

Exchange experience in transforming government functions and deepening the reform of personnel system, explore the establishment of China-EU personnel administrative cooperation mechanism, and carry out exchanges on the construction of civil service system and the development of human resources.

V. Military aspects

Maintain high-level military exchanges between China and Europe, gradually improve and develop the strategic security consultation mechanism, expand exchanges between military professional groups, and increase officer training and defense research exchanges.

The EU should lift the ban on arms sales to China at an early date, so as to clear the way for broadening the military-technical cooperation between China and the EU.

Chery Fengyun T9 officially opened for pre-sale, starting from 159,900 yuan.

On the evening of April 18th, Chery Automobile officially announced the opening of pre-sale. This brand-new hybrid SUV will become a member of Chery Fengyun’s new energy product series. Chery Automobile announced the pre-sale price of Fengyun T9, which is 159,900-199,900 yuan. In addition, Chery also plans to launch a 200km long battery life version with longer battery life. So, what’s the point of the new car?

Positioning compact SUV, available in five-seat version and seven-seat version.

From the appearance, Fengyun T9 adopts a closed front grille design and is decorated with silver semi-circular chrome, which makes the whole front more dynamic. Both sides of the front enclosure are equipped with longitudinal ventilation openings, which further enhances the tension of the front.

The side of the car body is smoother, especially the roof line is more dynamic, and it is equipped with retractable hidden door handles and dense spokes to make the car more futuristic.

At the rear of the car, Fengyun T9 is equipped with a roof spoiler and a through taillight set design.

It is reported that Fengyun T9 offers two models: five-seat version and seven-seat version, while the wheelbase is 2770 mm..

Chery Fengyun T9 is equipped with Qualcomm Snapdragon 8155 chip.

Entering the car, Fengyun T9 continued its new design style and adopted blue and white color matching to create a sense of science and technology. The rounded square air-conditioning outlet in the center of the center console has a unique design, which complements the electronic gear shifting mechanism, making the whole car full of modern technology atmosphere.

The new car will be equipped with Qualcomm Snapdragon 8155 chip, panoramic sunroof, 7 airbags and 540-degree panoramic image.

In terms of comfort configuration, Fengyun T9 is equipped with 6-way adjustment of main driver and 4-way adjustment of lumbar support, which has ventilation and heating functions. The queen’s co-pilot’s one-button reclining function and the two or three rows of seats’ one-button reclining and moving function further enhance the riding comfort and flexibility.

Chery Fengyun T9 is equipped with plug-in hybrid system

In terms of power, Chery Fengyun T9 is equipped with two plug-in hybrid systems with different powers. Among them, the engine is the fifth generation ACTECO 1.5TGDI hybrid engine, with maximum power of 115kW, maximum torque of 220N·m and thermal efficiency of 44.5%.

In addition, the car also provides two hybrid transmission systems, namely DHT gearbox and 3-speed DHT gearbox. In terms of acceleration, it is reported that the 0-100km acceleration time of Fengyun T9 is 4.26 seconds. The comprehensive endurance of the new car is more than 1400km.

Written at the end: Fengyun T9, as a member of Chery Fengyun’s new energy product sequence, is built on the super hybrid platform of Mars architecture, which will further enhance the competitiveness of Chery brand in the hybrid SUV market. Its excellent comprehensive endurance, powerful dynamic performance, rich configuration and comfort will attract more consumers’ attention and bring more influence and market share to the brand.

Chang’ an automobile Oula haomao

Changan Automobile Euler Good Cat is a brand owned by Great Wall Motor Group. The brand OLA was launched in 2018, focusing on new energy vehicles.

"Good Cat" is one of the models of the brand, which is positioned in the small pure electric vehicle market, mainly for urban commuting and daily use. Its exterior design is fashionable and simple, while the interior pays attention to comfort and sense of technology. In terms of power, the good cat is equipped with a motor with a maximum power of 105 HP and a cruising range of more than 400 kilometers.

Generally speaking, Euler Good Cat is an environmentally friendly and energy-saving pure electric vehicle suitable for urban use.

BYD and Xiaomi： Riding on the east wind of national policy and market decision, writing the legend of going to sea, the future prospect is promising.

First, the enterprise out of the waves surge

1. The number of enterprises going to sea has increased significantly.

In 2023, the number of non-financial overseas enterprises directly invested by China reached 7,913, a sharp increase of 1,483 over the previous year, the highest growth rate in history. This data fully shows the strong momentum of China enterprises going out to sea. Many enterprises actively expand overseas markets and seek new development opportunities.

2. The scale of investment continues to expand.

China’s foreign non-financial direct investment was US$ 130.1 billion, a year-on-year increase of 11.4%, second only to the high point in 2016; From January to February, 2024, the index maintained a growth trend, with a year-on-year increase of 10% in RMB. Under the complicated and changeable global economic situation, the scale of overseas investment of China enterprises has been expanding, which reflects the strength and confidence of China enterprises.

3. Multi-industry joint efforts

Overseas enterprises cover many industries, from internet application enterprises to digital infrastructure, from manufacturing plants to e-commerce logistics. For example, new energy automobile companies frequently go to sea, Geely plans to invest 10 billion US dollars in Malaysia to build an automobile city, BYD will set up a large-scale production base complex in Brazil, and SAIC plans to invest in building a new energy automobile factory in Europe. At the same time, in the traditional infrastructure, energy, minerals and other construction fields, Chinese enterprises are also constantly pursuing high-end.

4. The joint promotion of national policies and market decisions

National policies have played an important role in enterprises going to sea. From facilitating outbound investment to strengthening overseas investment supervision, policies are constantly adjusted to adapt to market changes. At the same time, various factors in the market operation, such as domestic economy and business environment, international relations environment and enterprise initiative, have also jointly promoted the wave of China enterprises going to sea. Going out to sea is not only a commercial activity, but also an important measure for national economic development and global influence.

Second, the legend of BYD going to sea

(1) Full speed mode is turned on.

BYD’s going out to sea has indeed created a remarkable miracle. On July 4th, BYD rolled off the assembly line for its 8 millionth new energy vehicle. This milestone marked BYD’s outstanding achievements in the field of new energy vehicles. In just three months, the 7 millionth to 8 millionth new energy vehicles rolled off the assembly line, which is a "miracle of the world automobile industry". At the same time, BYD’s factory in Thailand was completed, and it took only 16 months from start to production. The annual production capacity of this factory is about 150,000 vehicles, which can provide 10,000 local jobs, which not only promotes the warming of Sino-Thai friendship, but also fills in BYD’s overseas "territory". In the Thai market, BYD has won the title of pure electric vehicle sales in Thailand for 18 months in just over a year, and seized more than one-third of the market share. At present, BYD’s new energy vehicles have been exported to 88 countries and regions and more than 400 cities around the world, showing the strength of China’s automobile brand to the world and leading the strong rise of China’s automobile industry.

(2) Excellent performance in overseas markets

BYD has gained numerous praises in overseas markets. Many famous stars have praised BYD. For example, Premier League Manchester City football star Kyle Walker chose BYD Seal as his new car and praised its products on social platforms. The linkage between English stars and BYD is not only the recognition of BYD’s products, but also in line with BYD’s green dream. BYD has been the No.1 automobile brand in China for three consecutive years, and one new energy vehicle sold worldwide is BYD. The designs of its models, such as Dolphin, Seal and ATTO 3 (Yuan PLUS), are full of new ideas, which can meet the car needs of different groups of people and are recognized by overseas audiences in many circles. In the 2024 European Cup, BYD, as an official partner, will further enhance its global influence and let the global audience know the charm of China brand and the powerful strength of China automobile enterprises.

Third, Xiaomi’s road to the sea

(1) Outstanding results in the first quarter

In the first quarter of 2024, Xiaomi was spent in victory and anxiety. In this quarter, Xiaomi’s performance greatly exceeded market expectations. The revenue of smartphone business increased significantly, reaching 46.5 billion yuan, up 32.9% year-on-year. Global smartphone shipments reached 40.6 million units, a year-on-year increase of 33.7%. The revenue from IoT and consumer products business was 20.4 billion, up 21% year-on-year, and the gross profit margin reached a new high of 19.9%. Internet service business revenue was 8 billion, up 14.5% year-on-year. The good performance of various business segments highlights Xiaomi’s strong competitiveness in the market.

(B) overseas strategic layout

Xiaomi has actively expanded in overseas markets and formulated different strategies for different markets. In the European market, Xiaomi is committed to improving the product structure and promoting the high-end strategy. Take Xiaomi 14 Ultra as an example, its price in Europe is as high as 1,499 euros (equivalent to nearly 12,000 yuan), which marks an important milestone in the high-end of Xiaomi. At the same time, Xiaomi pays attention to strategic cooperation with local operators to promote the further internationalization of the European market in the future by upgrading product grades and improving brand image. In the African market, Xiaomi aims at market share and actively explores emerging markets. In addition, Xiaomi also launched an orderly sea plan for smart home appliances. At present, 100% of the air conditioners, refrigerators and washing machines in Xiaomi’s household appliances are in the China market. In the future, we will consider how to go to sea in an orderly manner to further expand overseas market share. At the same time, Xiaomi is also expanding overseas Xiaomi Home stores, exploring the landing and closed loop of Xiaomi Home in overseas markets, laying a solid foundation for multi-category and future cars to go to sea.

(3) The whole ecology of people, cars and homes

Xiaomi launched the strategy of "people, cars and homes are all ecological" and performed well overseas. The sales volume of Xiaomi 14 Ultra in Europe has tripled compared with the previous generation, and the sales volume of Xiaomi 14, which was released in Europe at the same time, has also increased by 6 times year-on-year. As the flagship mobile phone of Xiaomi’s professional image, Xiaomi 14 Ultra is equipped with the hottest satellite communication system, the first two-way satellite communication system, and two Xiaomi self-developed T1 signal enhancement chips, which realize higher communication efficiency and provide protection for users’ emergency communication needs in extreme scenes. At the same time, Xiaomi also released a number of "all-ecological" category flagships, such as Xiaomi flat-panel 6S Pro 12.4, Redmi Book Pro 2024 series, professional-grade e-sports display Redmi display G Pro 27 and so on. Xiaomi Su7 made its debut overseas, which attracted a lot of attention. In an interview with CNBC, Xiaomi executives revealed that the company has formulated several pricing strategies for Xiaomi SU7, and predicted that the price announcement time is coming soon. The first delivery work in the domestic market is expected to start in the second quarter, which is expected to open a new chapter for Xiaomi in the field of smart electric vehicles.

Fourth, the exploration of the sea route

(1) Advantages of holding a group to sea

Holding a group to the sea can bring many advantages to enterprises. In the face of overseas cultural differences and various risks, enterprises can form a cooperative model with complementary advantages and division of labor to avoid vicious competition. For example, Wang Yongqing, full-time vice chairman of the All-China Federation of Industry and Commerce, said that 274 of the top 500 private enterprises in 2017 participated in the "Belt and Road" construction, achieving overseas income excluding exports of more than 790 billion US dollars, a substantial increase of more than 540 billion US dollars over the previous year. According to the data of the National Information Center, in 2017, the total import and export volume of private enterprises and countries related to the Belt and Road reached more than 600 billion US dollars, accounting for 43% of the total trade volume of countries related to the Belt and Road. Private enterprises have become an important force participating in the construction of the Belt and Road.

Holding a group to the sea can also reduce the cost of overseas storage. Taking Whale Warehouse Technology as an example, through ecological cooperation with logistics real estate companies, financial leasing companies and contract logistics companies, the initial investment of retailers in applying smart warehouse is reduced to zero, thus further lowering the threshold for retailers to enjoy smart warehouse services. The overseas cloud warehouse market has a vast space, which can be divided into two categories: pioneering in emerging markets and competition in mature markets. In emerging markets, such as the Middle East and Southeast Asia, it is even more necessary to go out to sea in groups to jointly build overseas infrastructure and carry out systematic and intelligent upgrades; In mature markets, such as European and American countries, the volume is large, and the core appeal is to reduce costs, which can be considered from three directions: saving people, land and worry. Developed countries have high labor costs, so logistics robots can be used instead to save people. Adopt intensive warehousing logistics to meet different needs and realize "land saving"; Through the AI ? ? warehouse brain, digitalization is realized, the smart warehouse is highly transparent, and the management level is improved to achieve "peace of mind".

(B) localized operation

When products go out to sea, we should choose the sales channels according to local conditions and fully consider the local market demand. In the process of going to sea, China brands should not only rely on traditional sales channels, but also choose according to the characteristics of different markets. On the one hand, it can enter Amazon, Wal-Mart and other e-commerce platforms. This kind of shelf-type e-commerce has a rapid growth in performance during the traffic dividend period, but it has limited help for brand building. On the other hand, social e-commerce has just started in overseas markets and still has a large market space, which is expected to accumulate the long-term value of the brand. Although domestic social e-commerce is already a red sea, overseas social e-commerce is driven by algorithms. For example, Tiktok has performed well in Southeast Asia this year and is in the dividend period.

China brand should think about how to make a good brand, and not just be satisfied with the manufacture of products. Relying on cross-border e-commerce, China brand overseas enterprises have the ability to directly reach the global end consumers and procurement needs. Xingyun Group provides digital supply chain services for online and offline small and medium-sized retailers, and its scale has ranked first in China, providing strong support for brands to go out to sea. For example, Lehang Technology settled in Amazon last year, and simultaneously opened European sites, intensified product development, and launched a cost-effective sweeper with long battery life and large suction according to the usage habits of European consumers. In 2020, the annual sales increased to more than five times, of which 80% came from newly expanded European sites. With Amazon’s value-added tax compliance solution, Ningbo Kangda achieved tax compliance in seven European countries. This year, affected by the epidemic, Europe’s "home economy" broke out, and enterprises achieved a contrarian increase in sales, with an annual sales increase of nearly three times.

(3) Global brand building

China enterprises need to go through four stages to become global brands. Firstly, it is the stage of international trade export based on OEM and relying on exporters as intermediaries; Secondly, enterprises began to establish direct customer channels, enter Amazon and e-commerce platforms, and directly supply the internationalization stage of distribution channels; Then, iterate and optimize exclusive products for local users and domestic customers, and establish the international localization operation stage of local after-sales service and R&D team; Finally, it is the global brand era of global chess and global integration.

In this process, China enterprises are faced with two puzzles: product selection and brand building. For product selection, enterprises need to establish market knowledge and customer knowledge about overseas target markets, and guide enterprises to effectively formulate product matching, value schemes and sales plans through online and offline, first-hand data and second-hand information. For brand building, enterprises should not only understand brands as foreign names and logo, but also start with brand visual effects, brand positioning, brand stories and other aspects to bring endless stories of emotion and trust to customers. For example, Anker Anke Innovation, Shein Xiyin, Zaful Safu, Zhiou Home and other brands in cross-border e-commerce field have rapidly grown into the top brands in various market segments by relying on third-party platforms or self-built independent station platforms. Statistics show that there are more than 5,000 China brands in cross-border e-commerce field. Yuanqi Forest, Perfect Diary, POP MART, etc. of the new national tide brands also pay great attention to online channels in the process of brand going out to sea, and quickly establish brand mind with the help of cross-border e-commerce. China enterprises should take root in China, make full use of talents, culture, manufacturing and engineering dividends, and achieve sustainable development.

Five, the future prospects can be expected.

1. The changing trend of brand performance continues to deepen.

The three trends of China brand going out to sea in 2024 are expected to continue to deepen in the future. The ups and downs of global communication ranking will promote the rise of more emerging brands, while old brands will continue to innovate to maintain their competitiveness. For example, in the field of new energy vehicles, with the continuous efforts of BYD and other enterprises, its global influence will be further expanded, attracting more consumers to pay attention to the China brand. And Xiaomi and other technology companies will continue to make breakthroughs in the global smart phone and smart hardware market, and promote the position of China brand in the global ranking of communication power to be more stable.

The trend of strengthening the frontier position of the industry at sea will prompt more China brands to move from product export to industrial chain export. Taking the automobile industry as an example, not only the whole vehicle is exported, but also the related parts and technical services will gradually enter the international market. In the field of intelligent hardware, Xiaomi will also drive upstream and downstream enterprises in the industrial chain to go to sea together to build a more complete global industrial chain ecology.

The importance of authoritative media reports will continue to be highlighted. More and more China brands will not only spread widely on social media, but also further enhance their brand awareness and reputation through mainstream media reports and the promotion of video opinion leaders. For example, the overseas development achievements of BYD and Xiaomi will attract the attention of more authoritative media and set an example for China brands to go abroad.

2. Multi-dimensional promotion of international competitiveness

China brand will continue to enhance its international competitiveness with the help of multi-dimensional strategies such as stable quality, innovative design and precise marketing. In terms of quality, BYD has won the trust of consumers all over the world with its reliable new energy vehicle technology and high-quality manufacturing technology. Xiaomi occupies a place in the global market with cost-effective intelligent hardware products and constantly improving quality.

Innovative design is also the key to enhance international competitiveness. China brand will pay more attention to product appearance design, functional innovation and user experience. For example, Xiaomi’s smart phone has made continuous breakthroughs in design, and at the same time introduced more innovative functions to meet the needs of different consumers. BYD’s new energy vehicles are designed with a sense of technology and environmental protection, leading the global automotive design trend.

In terms of precision marketing, China brand will make full use of big data and artificial intelligence technology, deeply understand the needs of consumers in different countries and regions, and formulate personalized marketing strategies. For example, through cooperation with local operators in the European market, Xiaomi has accurately positioned high-end user groups and enhanced its brand image. Through localized marketing activities in the Thai market, BYD deeply understands the preferences of local consumers and enhances brand awareness.

3. The future development trend is good.

Looking forward to the future, the prospect of China brand going out to sea is very broad. With the sustained development of China’s economy and the continuous improvement of its technological innovation ability, China brand will play a more important role in the global market. In the field of new energy vehicles, China brand is expected to continue to lead the global development trend and promote the continuous progress of new energy vehicle technology. In the field of science and technology, China brand will be driven by innovation, bringing more intelligent products and services to global consumers.

At the same time, China brand will pay more attention to sustainable development and social responsibility. On a global scale, sustainable development has become an important standard to measure corporate social responsibility. China brand will actively respond to this trend, show the role of China brand and win the respect and support of global consumers by implementing the use of environmental protection materials, energy-saving and emission-reduction production processes and social responsibility projects.

In a word, the future prospect of China brand going to sea can be expected, and it will shine more brightly in the global market.

Editor in charge:

BMW i5 Car Manual Appearance Atmosphere Interior Luxury

The configuration performance of is a point that consumers pay more attention to. Now let’s follow Xiaobian to see what it has done.

Let’s take a look at the appearance of BMW i5. The front face of BMW i5 is elegant and unforgettable. The headlights are very in line with the aesthetics of consumers and are very eye-catching. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, delayed closing and so on. Come to the car side, the car body size is 5175MM*1900MM*1520MM, the car uses dynamic and lively lines, the car body gives people a very fashionable atmosphere, with large-size thick-walled tires, eye-catching shape. In the design of the rear end, the rear end looks relatively simple, and the taillights look very deep, very fashionable and simple.

Sitting in the car, the interior presents a tough design style and the visual effect is very good. The car’s steering wheel is very in line with the interior style, equipped with electric up and down+front and rear adjustment, steering wheel memory, steering wheel heating and other functions, feel good. Take a look at the central control. The design of the center console is reasonable, which makes the interior design quite layered and looks quite fashionable and dynamic. Let Xiaobian introduce the dashboard and seats. The car is equipped with a comfortable dashboard, which gives people a very beautiful feeling. The car uses leather seats, equipped with auxiliary seats with memory electric adjustment, seat with memory electric adjustment and other functions, and the comfort is acceptable.

The BMW i5 is equipped with a motor with a total power of 210KW and a total torque of 410N.m It has good acceleration, excellent cruising range and good power performance.

Looking at the configuration again, BMW i5 is equipped with car networking, driving mode selection, remote control key, UWB digital key, interior atmosphere light, traction control (ASR/TCS, etc.) and other configurations.

The BMW i5 introduced today is not only eye-catching in space, but also has reached the mainstream level in various configurations, and there is nothing to be picky about driving experience and space experience. Xiaobian thinks that if you really want to buy this car, you still have to go offline to actually experience it.