Pre-sale of 184,900 Jietu Shanhai T2 was listed on April 22nd.

  [car home Information] Recently, we learned from Jietu officials that (|) will be officially listed on April 22nd. The car has been pre-sold before, and a total of three models have been launched. The pre-sale price range is 184,900-216,900 yuan.

Chery automobile jietu shanhai t2024 C-DM 208KM Shan Ye edition

Chery automobile jietu shanhai t2024 C-DM 208KM Shan Ye edition

  Jetway Shanhai T2 can be regarded as a plug-in hybrid version of Jetway Traveler, so the two models have similar designs, and the overall design is still a square box hard-core model, in which the net is inlaid with the brand logo of "JETOUR" and connected with the headlights, and the distinctive headlight group style is impressive.

Chery automobile jietu shanhai t2024 C-DM 208KM Shan Ye edition

Chery automobile jietu shanhai t2024 C-DM 208KM Shan Ye edition

  On the side of the car body, the posture of the whole car is square and powerful, and sharp lines and full profiles coexist. The window frame is angular, and the shape of the wheel eyebrows protrudes outward, showing a hard-core style. The tail is a classic "small schoolbag", while the longitudinal taillights are wrapped in a black frame, showing off-road temperament. In terms of body size, the length, width and height of the new car are 4785/2006/1875(1910)mm and the wheelbase is 2800mm respectively.

Chery automobile jietu shanhai t2024 C-DM 129KM linye edition

Chery automobile jietu shanhai t2024 C-DM 129KM linye edition

Chery automobile jietu shanhai t2024 C-DM 129KM linye edition

  For the interior, Jietu Shanhai T2 adopts a 10.25-inch embedded LCD instrument and a 15.6-inch floating central control screen, and is equipped with Qualcomm Snapdragon 8155 chip. The rounded rectangular air outlet, flat-bottomed four-position steering wheel and electronic gear handle make the whole car look more textured.

Chery automobile jietu shanhai t2024 C-DM 129KM linye edition

Chery automobile jietu shanhai t2024 C-DM 129KM linye edition

Chery automobile jietu shanhai t2024 C-DM 129KM linye edition

Chery automobile jietu shanhai t2024 C-DM 129KM linye edition

  In terms of configuration, the new car is equipped with L2.5 intelligent assisted driving system, covering many high-end intelligent safety technologies such as forward collision warning, intelligent identification of traffic signs, and intelligent blind spot monitoring. For outdoor scenes, the car’s second-row seats adopt a flat design, and it is also equipped with 6.6kW external discharge function, plus an independent "parking air conditioning" system, which makes camping and travel more convenient and comfortable.

Chery automobile jietu shanhai t2024 C-DM 129KM linye edition

Chery automobile jietu shanhai t2024 C-DM 129KM linye edition

  In terms of power, Shanhai T2 is equipped with a 1.5TD DHE+3DHT hybrid system, with a maximum power of 115kW and a maximum torque of 220N·m, matching with a three-speed super electric hybrid special gearbox. The comprehensive maximum power of the system is as high as 280kW and the maximum torque is 610N·m, which can be easily handled for both daily driving and off-road adventures. This car adopts the 43.24kWh battery pack provided by Contemporary Amperex Technology Co., Limited, which can provide pure battery life of 208km (129km at the bottom) and long comprehensive battery life of 1300km+. (Compile/car home zhang xiaodan)

On the Traffic Development of China in the Past 40 Years of Reform and Opening-up

  Hu Xijie, former Vice Minister of Communications and former General Manager of China International Engineering Consulting Co., Ltd.

  Zhao Xufeng of China International Engineering Consulting Co., Ltd.

  Transportation is a basic, leading and strategic industry and an important support and strong guarantee for economic and social development. Over the past 40 years, China has adhered to the basic national policy of reform and opening up, and has made unprecedented achievements in terms of transportation infrastructure scale, transportation service quality, technology and equipment, as well as the transformation of development concepts, institutional innovation and market-oriented development, creating the "China Speed" and "China Model" that attract worldwide attention in the world transportation history.

  First, 40 years of rapid development of transportation.

  From the "bottleneck" restriction in the early days of reform and opening up to the current adaptation to economic and social development, transportation productivity has been greatly liberated and developed.

  (1) Infrastructure ranks among the top in the world.

  In the 40 years of reform and opening up, China’s transportation infrastructure construction has made great achievements, and various modes of transportation have achieved rapid development. The mileage of high-speed railways, expressways, urban rail operations and the number of 10,000-ton berths in ports rank first in the world, and the number of airports and pipeline mileage rank first in the world, which has become an important support for socialist modernization.

  1. Modern high-speed railway network

  At the beginning of reform and opening up, the mileage of China’s railway network was only 51,700 kilometers. At the end of 2003, the scale of China’s railway network reached 73,000 kilometers, an increase of about 20,000 kilometers in 25 years. The Medium and Long-term Railway Network Planning was implemented in 2004, and China’s railways entered a stage of rapid development. The Qinghai-Tibet Railway with the highest altitude in the world was completed in 2006, and China’s first high-speed railway — — The Beijing-Tianjin intercity railway opened in 2008, which opened the prelude to the era of high-speed rail in China. The Beijing-Shanghai high-speed railway, which was completed and opened to traffic in 2011, has the highest commercial operation speed and the longest mileage in the world.

  Since the 18th National Congress of the Communist Party of China, China’s railways, especially high-speed railways, have developed rapidly. The operating mileage of high-speed railways has increased from 0.97 thousand kilometers in 2012 to 25 thousand kilometers in 2017, an increase of 1.58 times. In 2017, Fuxing, which has completely independent intellectual property rights, ran on the vast land of the motherland. China’s high-speed railway has achieved a leap-forward development from scratch to the first in the world in a short time, and has become a bright business card that shines in the world. By the end of 2017, the national railway operating mileage was 127,000 kilometers, including 25,000 kilometers of high-speed rail, accounting for two-thirds of the world’s high-speed rail. The main channels of "four vertical and four horizontal" high-speed rail were all connected ahead of schedule, and the high-speed rail covered more than 65% of cities with a population of one million. At present, China has the most modern railway network and the most developed high-speed rail network in the world.

  2. Highway network extending in all directions

  In the 40 years of reform and opening up, China’s highway construction has made rapid progress. In 1978, the total mileage of highways in China was 890,000 kilometers, and the highway density was 9.27 kilometers/100 square kilometers. In 1988, the first expressway — — The Hujia Expressway was completed and opened to traffic. By the end of 2012, the national expressway mileage had reached 96,200 kilometers.

  Since the 18th National Congress of the Communist Party of China, China’s highway construction has made brilliant achievements. The total mileage of highways has increased by 530,000 kilometers, and the number of expressways has increased by 40,000 kilometers. The expressways cover 97% of cities with a population of 200,000 and administrative centers at the prefecture level. The highways above the second level reach 96.7% of counties, 99.99% of townships (towns) and 99.98% of villages. By the end of 2017, the total mileage of national highways was 4,773,500 kilometers, and expressways ranked first in the world with a mileage of 136,500 kilometers. The national highway network density reached 49.72 kilometers/100 square kilometers. In the past 30 years, China’s expressway development has attracted worldwide attention, creating a miracle in the world expressway history.

  3. Super Bridge and Tunnel Project

  With the extension of traffic mileage, the record of "longest, highest and largest" has been written into the history of bridge and tunnel construction in the world, and "China Bridge and China Tunnel" has become a new brand to show the image of China.

  At present, there are 5 and 6 longest-span suspension bridges and cable-stayed bridges in the world, respectively. In recent years, China has successively built a number of world-class long-span bridges such as Donghai Bridge, Jiangyin Yangtze River Bridge, Hangzhou Bay Cross-sea Bridge, Runyang Yangtze River Bridge, Sutong Bridge and Hong Kong-Zhuhai-Macao Bridge. Hong Kong-Zhuhai-Macao Bridge is the longest sea-crossing bridge in the world. Beipanjiang Bridge is the tallest bridge in the world. Dasheng Guangong Railway Bridge is the world’s first six-line railway bridge, and the double-span multi-arch railway has the largest span in the world. The Wufengshan Yangtze River Railway Bridge under construction has a main span of 1,120 meters, ranking first among suspension bridges in the world. The Hutong Yangtze River Bridge under construction will become the world’s first cable-stayed bridge with a span of more than 1000 meters.

  In terms of tunnel construction, in recent years, China has successively built a number of the best in the world: the longest double-hole expressway tunnel in the world — — Zhongnanshan Tunnel in Qinling Mountains, the largest diameter shield tunnel in the world — — Shanghai Yangtze River Tunnel, the highest highway tunnel in the world — — Queershan Tunnel on Sichuan-Tibet Line, the longest plateau railway tunnel in the world — — Xinguanjiao Tunnel of Qinghai-Tibet Railway, the highest high-speed railway tunnel in the world — — Qilian Mountain Tunnel, the largest road tunnel in the world — — Gongbei Tunnel of Hong Kong-Zhuhai-Macao Bridge, the longest submarine immersed tunnel in the world — — Immersed tunnel of Hong Kong-Zhuhai-Macao Bridge.

  4. Advanced large-scale ports

  In 1978, there were 735 production berths in China’s major ports, including 133 deep-water berths of 10,000-ton and above, and there were no berths of 10,000-ton and above in inland rivers. After 1985, large-scale and specialized ports entered a stage of rapid development; By 2012, there were 31,862 berths for production terminals in ports across the country, including 1,886 berths of 10,000-ton class and above (369 for inland rivers).

  Since the 18th National Congress of the Communist Party of China, the intelligent level of China’s ports has obviously accelerated, with 480 berths above 10,000 tons increasing, with an average annual increase of 96 berths, and 133 berths above 100,000 tons increasing. By the end of 2017, the national ports had 27,578 berths for production, including 2,366 berths of 10,000-ton class and above (418 inland rivers). The fully automated container terminal in Yangshan Port Area of Shanghai Port, which was put into operation in 2017, is the largest and most automated container terminal in the world. At present, seven of the top ten ports in the world are located in China. In 2017, Shanghai Port ranked first in the world with a throughput of 40.3 million TEUs, Shenzhen Port, Ningbo Zhoushan Port and Hong Kong Port ranked third, fourth and fifth, and Guangzhou Port and Qingdao Port ranked seventh and eighth. China’s modern large-scale ports play an important role in the construction of the Belt and Road Initiative.

  5. Smooth golden waterway

  Since the reform and opening up, China’s inland waterways, such as the Yangtze River trunk line, the Beijing-Hangzhou Canal, the Xijiang River and the Xiangjiang River, have been systematically and comprehensively managed. Since 1982, China has been renovating the waterway of the Beijing-Hangzhou Canal. From Jining, Shandong Province to Hangzhou, Zhejiang Province, 500-ton ships can be navigable, and some sections of northern Jiangsu Province can be navigable with 1,000-ton fleets. At the end of 1990s, the Yangtze estuary deepwater channel regulation project started construction, which is by far the largest and most complicated estuary regulation project in the world. It was successfully completed in 2010. The 12.5-meter deepwater channel from the Yangtze estuary to Taicang was fully connected, and the cargo throughput of Shanghai Port and Jiangsu ports along the Yangtze River increased rapidly. The cargo volume passing through the Yangtze estuary increased from 220 million tons in 2000 to 1.02 billion tons in 2012. At the end of 2012, the navigable mileage of inland waterways nationwide was 125,000 kilometers, including 9,894 kilometers of third-class and above waterways.

  Since the 18th National Congress of the Communist Party of China, relying on the golden waterway of the Yangtze River to promote the development of the Yangtze River Economic Belt has become a major national strategy. The construction project of the 12.5-meter deep-water waterway below Nanjing of the Yangtze River was started, which was completed and put into operation in April this year. It can realize the full navigation of 50,000-ton and above ships from Nanjing to the estuary of the Yangtze River, and push the seaport further inland, which is equivalent to an increase of nearly 800 kilometers of coastline, and realize the river-sea combined transport of the golden waterway in China on a large scale. At the same time, China has accelerated the waterway regulation project of Jingjiang reach in the middle reaches of the Yangtze River and the waterway from Chongqing to Yibin in the upper reaches. The Yangtze River has become the world’s largest and busiest navigable river. The waterway regulation project from Xijiang Jietou to Zhaoqing has been completed, so that 2000-ton ships can directly reach Guigang, Guangxi, and the capacity expansion and upgrading project from Xijiang Jietou to Zhaoqing will continue to be implemented, so as to achieve the goal of navigation for 3000-ton ships. The renovation project of the Beijing-Hangzhou Canal (Zhejiang section) has also been started, which will realize the direct connection of 1,000-ton ships from Shandong to Hangzhou.

  6. Wide coverage of civil aviation

  With the great historical process of China’s reform and opening up, China’s civil aviation has developed from a militarized industry to a modern air transport system that plays an important role in national economic and social development. In the early days of reform and opening up, China’s civil aviation was subordinate to the Air Force, with 78 civil airports. After the reform of management system in 1980, the civil aviation industry made great progress. By the end of 2012, there were 183 civil aviation airports and 178 cities with scheduled flights.

  Since the 18th National Congress of the Communist Party of China, the number of civil aviation certification airports in China has increased by 46, with an increase of 25%. As a new power source for national development, the Capital New Airport has been successfully capped. By the end of 2017, there were 229 certified airports for civil aviation in China, including 228 airports for regular flights and 224 cities for regular flights, with a fleet of 3,261 aircraft and a mileage of nearly 7 million kilometers. Civil aviation services covered 88.5% of prefecture-level cities and 76.5% of counties in China. There are 784 international routes and 61 countries (167 international cities) with regular flights. In 2017, the passenger throughput of Capital International Airport was 95.79 million, ranking second in the world, Hong Kong International Airport and Shanghai Pudong International Airport ranked eighth and ninth respectively, and Guangzhou Baiyun International Airport ranked thirteenth. As an integral part of China’s comprehensive transportation system, air transportation has developed from a subordinate supplementary position to a popular means of transportation.

  7. Developed urban rail transit

  The construction of urban rail transit in China began from 1950s to 1970s, and until the end of 1980s, there were only 40km subways in Beijing and Tianjin. From the last century to the late 1980s and early 1990s, marked by the construction of Shanghai Metro Line 1, Beijing Metro Line 8 and Guangzhou Metro Line 1, China really started the construction of urban rail transit for traffic purposes. At the beginning of the 21st century, Beijing, Shanghai and Guangzhou have a total mileage of 105 kilometers. By the end of 2012, 70 rail transit lines have been opened in 17 cities in China, with an operating mileage of 2,064 kilometers, including 1,726 kilometers of subway lines.

  Since the 18th National Congress of the Communist Party of China, the operating mileage of urban rail transit in China has increased by nearly 3,000 kilometers, 2.4 times that of the end of 2012. By the end of 2017, 165 urban rail transit lines had been opened in 34 cities in China, with an operating mileage of 5,033 kilometers, including 3,884 kilometers of subway lines. Shanghai rail transit has a mileage of 732 kilometers, ranking first in the world; Beijing rail transit has a mileage of 685 kilometers, ranking second in the world; Guangzhou and Nanjing ranked fifth and sixth respectively. At present, the operating mileage and mileage under construction of urban rail transit in China rank first in the world.

  8. Vertical and horizontal interwoven oil and gas pipeline network

  In 1958, the first long-distance crude oil pipeline was built in New China. In 1978, the mileage of oil and gas pipelines in China reached 8,300 kilometers. With the reform and opening up, China’s major oil and gas fields have entered the peak of exploration and development, which has greatly promoted the construction of long-distance oil and gas pipelines and other storage and transportation facilities. At the end of 2012, the mileage of oil and gas pipelines in China reached 90,000 kilometers.

  Since the 18th National Congress of the Communist Party of China, the construction of oil and gas pipelines in China has been accelerated in an all-round way. By the end of 2017, 23,800 kilometers of crude oil pipelines and 26,000 kilometers of refined oil pipelines have been built nationwide. The total mileage of long-distance natural gas pipelines is nearly 74,000 kilometers (excluding provincial pipeline networks), reaching a total of 123,800 kilometers. The backbone oil and gas pipeline network basically constitutes the pattern of "transporting oil from the west to the east, transporting oil from the north to the south, transporting gas from the north to the east, transporting gas from the north to the south, transporting gas from Myanmar to the north, and landing by sea and gas", which has played an important role in ensuring China’s energy security and promoting China’s economic and social development.

  (B) the rapid growth of passenger and freight transport.

  In the 40 years of reform and opening up, both passenger traffic and freight volume have made great progress, which is not only an objective fact that the rapid economic and social development has driven huge transportation demand, but also an achievement that the rapid development of transportation infrastructure has greatly improved transportation capacity. At the same time, it is also a remarkable effect of the continuous reform and opening up of transportation to release productivity, and transportation has played a very important role in ensuring economic and social development.

  1. The quality of passenger transport has improved significantly.

  In 1978, the total passenger traffic in China was only 2.54 billion person-times, and the passenger turnover was 174.3 billion person-kilometers. With the economic and social development and the liberalization of the passenger transport market, the passenger traffic increased rapidly. By 2012, the passenger traffic in China reached 38 billion person-times and the passenger turnover reached 3,338.3 billion person-kilometers, which increased by 15 times and 19 times respectively compared with the initial stage of reform and opening up.

  Since the 18th National Congress of the Communist Party of China, the quality of Chinese tourists’ travel has been significantly improved, and the people’s sense of happiness and gain has been continuously enhanced. By the end of 2017, the passenger traffic of the whole society was 18.486 billion person-times, and the passenger turnover was 3,281.2 billion person-kilometers. With the rapid development of high-speed railway, the passenger volume of railway increased from 1.89 billion in 2012 to 3.08 billion in 2017, an increase of 63%, and the passenger turnover increased from 981.2 billion person-kilometers to 1,345.7 billion person-kilometers, an increase of 37%. The proportion of high-speed train emus reached 56.4%, and China’s railway passenger turnover ranked first in the world. With the continuous improvement of people’s living standards, the passenger volume of civil aviation increased from 320 million in 2012 to 550 million in 2017, an increase of 71.9%, and the passenger turnover increased from 502.5 billion person-kilometers to 951.2 billion person-kilometers, an increase of 89.3%. The proportion of civil aviation passenger traffic and passenger turnover increased to 3% and 29% respectively, and China’s civil aviation passenger turnover ranked second in the world.

  2. The freight efficiency is constantly improving.

  In the early days of reform and opening up, the total annual freight volume of the whole society was less than 3.2 billion tons, and the freight turnover was less than 1 trillion tons kilometers. With the economic and social development and the liberalization of the freight market, freight transportation has developed rapidly. By 2012, the freight volume of the whole society reached 41 billion tons, and the freight turnover reached 17,380.4 billion tons-kilometers. The freight volume and freight turnover increased by 12.8 times and 17.4 times respectively compared with the initial stage of reform and opening up.

  Since the 18th National Congress of the Communist Party of China, the freight volume of the whole society has increased by 15.2%, the freight turnover has increased by 10%, and the proportion of logistics cost in GDP has decreased from 18% in 2012 to 14.6% in 2017, a decrease of 3.4 percentage points. Transportation has further promoted the logistics industry to reduce costs and increase efficiency, which has played an important role in ensuring the quality and efficiency of the whole supply system. By the end of 2017, the freight volume of the whole society was 47.2 billion tons, the freight turnover was 19,258.8 billion tons kilometers, the road freight turnover accounted for 34.7%, the inland river and coastal freight turnover accounted for 7.76% and 14.8% respectively, the ocean freight turnover accounted for 28.6%, and the railway freight turnover accounted for 14%. China’s railway freight volume, road freight volume and turnover, port cargo throughput and container throughput all ranked first in the world. In recent years, with the rise of e-commerce, China’s express delivery industry has developed rapidly. In 2017, 40.056 billion pieces of express delivery were completed, ranking first in the world.

  3. Urban traffic is more convenient

  In the past 40 years of reform and opening up, with the rapid development of urbanization in China, China’s urban traffic has also achieved unprecedented development. At the end of 1980s, there were 61,400 buses and 114,000 taxis in China. In the past 40 years of reform and opening up, China’s urban public transport has developed rapidly, especially since the 18th National Congress of the Communist Party of China, new formats such as online car ride and bike-sharing have developed rapidly. By the end of 2017, there were 651,200 public buses and trams in China, of which 27.9% were natural gas vehicles, 13.2% were hybrid vehicles and 26.3% were pure electric vehicles. It has 1,395,800 taxis and completed 127.215 billion passenger trips in the city. In 2017, 34 cities across the country opened rail transit, with a total passenger volume of 18.48 billion passengers and a total passenger turnover of 151.5 billion person-kilometers.

  Two, 40 years of transportation reform and opening up practice

  The Third Plenary Session of the Eleventh Central Committee of the Communist Party of China held in December 1978 sounded the clarion call of reform and opening up and started the historical journey of reform and opening up. 40 years of unity, 40 years of hard work, 40 years of spring breeze and rain, China’s unswerving adherence to the basic policy of reform and opening up has promoted earth-shaking changes in China. The practice of 40 years of reform and opening-up has proved that "reform and opening-up is a key choice to determine the fate of contemporary China and an important magic weapon for the cause of the party and the people to catch up with the times in great strides".

  Persist in emancipating the mind and seeking truth from facts. General Secretary of the Supreme Leader pointed out: "The process of reform and opening up is the process of ideological emancipation." "The people of China persist in emancipating the mind and seeking truth from facts, realizing the mutual agitation between emancipating the mind and reform and opening up, and promoting the mutual innovation of ideas and practical exploration, which fully demonstrates the powerful power of ideological guidance." In 1978, Comrade Deng Xiaoping delivered a speech entitled "Emancipating the Mind, Seeking Truth from Facts, Looking Forward with Unity", which clearly supported the "discussion on the standard of truth". In 1992, Comrade Deng Xiaoping pointed out in his talk in the south that we should not dwell on the issue of "surname capital" or "surname society". "The criterion of reform and opening up mainly depends on whether it is conducive to developing the productive forces of socialist society, enhancing the comprehensive national strength of socialist countries and improving people’s living standards". It is the emancipation of the mind again and again that has enabled China’s economic and social development to gain new vitality and motivation. Practice has proved that without emancipating the mind and seeking truth from facts, there will be no breakthrough in reform and an open mind. The Third Plenary Session of the 18th CPC Central Committee pointed out that there is no end to the development of practice, the emancipation of the mind and the reform and opening up. This further clarifies the decisive role of the market in resource allocation.And made a decision to comprehensively deepen the reform, and pushed the theory of reform to a new breadth and depth.

  Adhere to the reform direction of market allocation of resources. The market-oriented reform of transportation is a main line running through the 40 years of transportation reform and opening up. In 1983, the Ministry of Communications put forward the reform policy of "everyone should take the boat when there is a river, and everyone should take the car when there is a road". "All departments, industries and regions should work together, and state-owned, collective, individual and various means of transport should go together", which broke through the shackles of ownership and allowed self-employed individuals to enter the transportation market, greatly promoting the development of transportation capacity and effectively alleviating the tension in transportation. In 1985, the railway carried out the "all-in-one contract". In 1986, the State Council approved the "Plan on Implementing the Economic Contract Responsibility System by the Ministry of Railways" by five ministries and commissions, and implemented the economic contract responsibility system of "building roads by roads". In 1993, the first joint-stock railway company — — Guangzhou-shenzhen railway Co., Ltd. was established and successfully listed in Hongkong and new york in 1996. In 1995, "Several Opinions on Accelerating the Cultivation and Development of Road Transportation Market" proposed to establish a unified, open and competitive road transportation system throughout the country. In 1996, the "Notice on Further Strengthening the Management of China’s Water Transport Market" proposed to promote the cultivation and improvement of the water transport market; The establishment of Shanghai Shipping Exchange is of great significance to standardize the trading behavior of shipping market, adjust market prices and deepen the reform of waterway transportation market. Since the 18th CPC National Congress,The transportation sector has accelerated the pace of market-oriented reform, actively promoted and deepened the "streamline administration, delegate power, strengthen regulation and improve services" reform, and effectively stimulated the vitality of market competition. In 2014, the Opinions of the Ministry of Transport on Comprehensively Deepening Transportation Reform focused on the main line of deepening reform, strengthened the top-level design, and deployed 42 reform tasks and more than 150 reform measures in terms of improving comprehensive transportation, establishing and improving the modern transportation market system, and transforming and upgrading transportation. In 2016, the Opinions on Further Deepening Civil Aviation Reform put forward 40 reform tasks in 10 aspects in the face of the new situation and new tasks of civil aviation development. In 2017, the Central Committee of the Communist Party of China and the State Council issued "Several Opinions on Deepening the Reform of Oil and Gas System", demanding that the fair access mechanism of oil and gas pipelines be further improved and the oil and gas pipelines be fair and open to third-party market players.

  Adhere to the reform direction of diversified investment and financing. In the past 40 years of reform and opening-up, the field of transportation construction has been constantly deepening reform in the direction of broadening financing channels and diversified investment. In 1984, the fifty-fourth executive meeting of the State Council approved and agreed to raise the collection standard of road maintenance fees, levy vehicle purchase surcharges, and allow "road repair by loan and repayment by charge". These three things have important historical significance, which have provided a stable source of funds for highway construction and an environment for accelerating development. In 1983, the Ministry of Communications put forward the principle of "who invests, who uses, who benefits" and encouraged cargo owners to invest in the construction of docks. In 1986, the state decided to levy port construction fees on the goods of 26 coastal ports, and implemented the policy of "keeping ports in Hong Kong, so that the income can offset the expenditure", and the port construction funds had a stable channel. During the Seventh Five-Year Plan period, China’s first joint venture railway — — Sanmao railway started construction. In 1992, the State Council approved the Notice of the State Planning Commission and the Ministry of Railways on the Development of Central and Local Joint-venture Railway Construction, which defined the development mode of the central and local joint-venture railway construction. In 1991, the railway began to levy a construction fund of 2% per ton kilometer, and the railway construction funds were basically guaranteed. Apart from the "one-nine-system" preferential treatment, civil aviation construction is also exempted from all other taxes.It has successively formulated regulations allowing local governments, domestic enterprises and private capital to invest in civil aviation enterprises and airports, and carried out pilot reforms of local investment in the construction and management of airports. In 2004, the State Council promulgated the Regulations on the Management of Toll Roads, which fixed the policy of "building roads with loans and repaying loans with fees" through laws and regulations. At present, China’s transportation construction field has basically formed a diversified transportation financing pattern of "state investment, local financing, social financing and introduction of foreign capital".

  Since the 18th National Congress of the Communist Party of China, in 2013, the State Council’s Opinions on Reforming Railway Investment and Financing System and Accelerating Railway Construction proposed to fully open the railway construction market and encourage social capital to invest in railway construction. Investment in oil pipeline construction is gradually released to third parties. In 2013, PetroChina introduced Taikang assets and 60 billion yuan of capital from the League of Nations Fund to establish "China Petroleum Pipeline Union Co., Ltd.". In 2015, the Guiding Opinions of the Ministry of Transport on Deepening the Investment and Financing Reform of Transportation Infrastructure proposed to establish and improve the investment and financing management system of "government-led, graded responsibility, diversified financing, standardized and efficient" for transportation development. In 2016, the Civil Aviation Administration of China’s Opinions on Encouraging Social Capital to Invest in the Construction and Operation of Civil Airports proposed that the market for the construction and operation of civil airports should be fully liberalized, and social capital should be widely attracted to participate in the construction and operation of civil airports and their service supporting facilities.

  Adhere to the management system reform direction of separating government from enterprise. In the past 40 years of reform and opening up, the transportation management system has always been moving in the direction of separating government from enterprises and integrating comprehensive transportation. In 1980, civil aviation was placed under the management of the State Council by the army and began to take the road of enterprise. In 1984, the Ministry of Communications put forward a reform idea with "transfer, separation, liberalization" and "realizing two changes" as the main contents, realized the separation of government from enterprises, strengthened industry management, and established a five-level traffic administrative organization. Subsequently, 14 coastal ports and 26 key ports of the Yangtze River were all decentralized. In 1985, the State Council approved the Report on the Reform of Civil Aviation Management System, speeding up the reform of "separating government from enterprises" and "separating airports from airlines", and establishing an independent civil aviation air traffic management system by separating the Administration Bureau, airlines and airports. In 1993, the State Council approved Guangzhou Railway Bureau to set up Guangzhou Railway (Group) Company and set up a modern enterprise system as a pilot project. In 1995, Dalian Railway Co., Ltd. was established to actively explore the separation of railway administration from enterprise management. In 1996, the Ministry of Communications "Deepening the Reform of Water Transport Management System" proposed to promote the reform of water transport management system, set up a maritime bureau, and implement the management system of "one water, one supervision, one port and one supervision". In 1998, the two major petroleum and petrochemical groups reorganized, and the reform of oil and gas pipeline network continued to advance in the direction of marketization and specialization. In 2001,The Notice of the General Office of the State Council on Deepening the Reform of Port Management System Directly under the Central Government and under the Dual Leadership proposes that the port should be completely decentralized to local management. In 2002, civil aviation started the reform of "separation of government and capital" and "localization of airport". In 2005, the railway sub-bureau was abolished and the railway bureau directly managed the stations and sections, and the separation of railway administration from enterprises and the management of market entities continued to deepen. In 2008, the Civil Aviation Administration was abolished, and the Civil Aviation Administration was established and placed under the management of the Ministry of Transport. At the same time, the State Post Bureau was also placed under the management of the Ministry of Transport. Since the 18th National Congress of the Communist Party of China, the State Council has abolished the Ministry of Railways and established the National Railway Administration, which is managed by the Ministry of Transport. So far, the Ministry of Transport has managed the National Railway Administration, the Civil Aviation Administration of China and the State Post Bureau, and is responsible for coordinating the development of railways, highways, waterways, civil aviation and postal services, basically forming a "multi-department" management system for transportation.

  Insist on the direction of opening to the outside world. At the same time of internal reform, the transportation sector is actively opening to the outside world. At the beginning of 1979, China Merchants, an enterprise affiliated to the Ministry of Communications, took the lead in establishing Shekou Industrial Zone in Shenzhen, which started the "first shot" of reform and opening up. In the early 1980s, foreign government loans and World Bank loans were introduced into China’s transportation construction. In 1983, the World Bank loans were introduced to the first-class highway from Xi ‘an to Sanyuan in Shaanxi for the first time, which not only introduced funds, but also introduced advanced project management systems in the world, such as project supervision system and project bidding system. In 1984, the electrification project of China’s North Tongpu Railway used the World Bank loan of 219 million dollars for the first time. Jinwen Railway Company was established in 1991. Jinwen Railway was the first railway in China to introduce foreign capital, and Hong Kong Lianying Industrial Co., Ltd. invested 45.86 million US dollars (80%). In 1988, the first Sino-foreign joint venture road transport enterprise was approved, and in 1993, the Interim Provisions on the Examination and Approval of Foreign-invested Road Transport Project was promulgated, further liberalizing the road transport market. Civil aviation began to open to the outside world in the 1990s. In 1994, the Notice on Policies Concerning Foreign Investment in Civil Aviation was promulgated, and in 2002, the Regulations on Foreign Investment in Civil Aviation was implemented to further open the civil aviation market. Since the 18th National Congress of the Communist Party of China, China’s transportation sector has been adhering to the "Belt and Road Initiative" and carrying the "five links".The major mission of "connecting facilities" is to actively promote the interconnection of transportation infrastructure, develop transportation to support the development of China’s foreign trade, and accelerate the "going out" of transportation. China-Europe trains galloped in Eurasia. By March 2018, the cumulative number of trains had exceeded 7,600, reaching 41 cities in 13 European countries, providing strong support for China’s new pattern of all-round opening up.

  In addition, medium and long-term traffic development planning is also an important part of comprehensive traffic development road with China characteristics. At the end of 1980s, the Ministry of Communications put forward the development strategic plan of "three mainstays and one support", and the "Five Vertical and Seven Horizontal" national trunk line plan was approved and implemented by the State Council during the Eighth Five-Year Plan period, which is the plan with the highest approval level in the transportation system. In the 21st century, national-level plans have been issued one after another. In 2004, the State Council approved the Medium and Long-term Railway Network Plan and the National Expressway Network Plan, in 2005, the State Council approved the Rural Highway Construction Plan, in 2006, the State Council approved the National Coastal Port Layout Plan, and in 2007, the State Council approved the National Inland Waterway and Port Layout Plan, which promulgated China’s first comprehensive transportation plan — — Medium-and Long-term Development Plan of Comprehensive Transportation Network. In 2008, the State Council approved the National Civil Airport Layout Plan. After the 18th National Congress of the Communist Party of China, the State Council successively approved the new long-term planning of roads, railways, civil airports and oil and gas pipelines. The introduction of national medium-and long-term transportation planning not only ensures the national political, economic and national defense security, but also enhances the macro-control ability, integrates the superior transportation resources, and rationally arranges them, while ensuring scientific and orderly development.

  Third, the new era opens a new chapter in the transportation power.

  The 19th National Congress of the Communist Party of China has formulated a grand blueprint for building a socialist modern power in an all-round way and put forward a grand goal of building a transportation power. This is a strategic deployment made by the CPC Central Committee with the Supreme Leader as the core from the overall development of the cause of the party and the country, and it is a historical mission entrusted to transportation in the new era.

  Building a transportation power is the inherent requirement of building a socialist modernization power and realizing the Chinese dream of the great rejuvenation of the Chinese nation. Throughout the history of human civilization, developed transportation has always been an important symbol of strong comprehensive national strength. "If you want to be rich, build roads first" reveals the law of traffic and economic development simply and profoundly. Building a transportation power in the new era gives a new historical connotation of "building roads first if you want to get rich", which means building a safe, convenient, efficient, green and economical modern comprehensive transportation system, meeting the people’s growing needs for a better life, supporting the construction of China’s modern economic system and taking the lead in building a socialist modern power. The two complement each other. A modern transportation power, "people can do what they want and goods can flow smoothly".

  To build a strong transportation country, we must always adhere to the basic idea of reform and opening up. "Only reformers advance, only innovators are strong, but those who reform and innovate win." On the basis of 40 years’ practice of reform and opening up, we will unswervingly push forward the reform, deepen the structural reform of the transportation supply side, focus on promoting the quality change, efficiency change and power change of transportation development, and adhere to the road of high-quality development. Innovation is the first driving force to lead development. We should be brave in innovation in transportation development power, service quality, science and technology, governance mode, security, system and mechanism, and take the road of innovation-driven development.

  Optimize and upgrade the infrastructure network. In the 40 years of reform and opening up, China’s transportation infrastructure has developed rapidly, and its scale ranks among the top in the world, making it a veritable transportation power. In the future, it will gradually change from "construction-oriented" to "operation and maintenance-oriented", and infrastructure construction will mainly "fill shortcomings" and optimize networks. Strengthen the application of modern science and technology in transportation infrastructure and vigorously promote the development of a new generation of digital and intelligent infrastructure. At the same time, we should pay attention to the maintenance and management of infrastructure and improve the quality and operational efficiency of transportation infrastructure.

  Highlight the basic function of transportation in serving the economy and society. The basic function of transportation is to provide high-quality and efficient transportation services, which is also the most fundamental requirement of "strong country" in transportation. The structural reform of the transportation supply side should focus on meeting the people’s growing demand for high-quality transportation, providing safe, convenient and comfortable transportation services, and constantly enhancing the people’s sense of happiness, acquisition and security. The structural reform of transportation supply side should focus on meeting the needs of the construction of modern economic system, promoting the development of modern logistics, optimizing and adjusting the transportation structure, balancing various modes of transportation, and promoting the logistics of the whole society to "reduce costs and increase efficiency".

  Public transport-oriented urban development model. Urban traffic congestion is a worldwide problem. With the acceleration of urbanization, traffic congestion is not only the "patent" of big cities, but also many small and medium-sized cities have begun to suffer from "urban diseases" of congestion. By the end of 2017, the number of cars in China had reached 217 million, with 53 cities having more than one million cars and 24 cities having more than two million cars. General Secretary of the Supreme Leader pointed out: "We should put solving the traffic congestion problem in an important position in urban development and accelerate the formation of a safe, convenient, efficient, green and economical comprehensive transportation system." "Developing public transportation is the direction of modern city development." We should adhere to the public transport-oriented urban land space planning, build a convenient and smooth three-dimensional urban transportation system, vigorously develop intelligent transportation technology, strengthen traffic demand management, and adopt a sustainable urban transportation development model.

  Focus on developing advanced intelligent transportation. Intelligent Transportation System (ITS) is the development direction of future transportation system and a revolution in transportation. By integrating and applying advanced information, communication, sensing, control and other technologies, the interaction among people, vehicles and roads can be presented in a new way, thus achieving the goals of real-time, accuracy, efficiency, safety and energy saving. Cooperative intelligent transportation and autonomous driving will become the focus of intelligent transportation development in the future. We should vigorously implement the leading strategy of scientific and technological innovation, strengthen the application of basic research and the transformation of scientific and technological achievements, promote the deep integration of new technologies such as the Internet, big data and artificial intelligence with transportation, and accelerate the development of intelligent transportation in China.

  Construct a modern comprehensive traffic management system. Modern comprehensive traffic management system is a "soft power" and a "hard requirement" for a traffic power. Coordinate various modes of transportation, innovate organization and management methods, establish a unified, open and competitive transportation market, and continuously promote the modernization of governance system and governance capacity. Apply modern scientific and technological means to improve the level of traffic management, information sharing and decision support. Strengthen the construction of traffic legal system and culture. Adhere to the concept of safe development, strengthen the construction of safety guarantee system and emergency rescue system, and consolidate the foundation of a strong transportation country.

  In the 40 years of reform and opening up, the Chinese nation has achieved prosperity from standing up, greatly liberated and developed China’s social productive forces, and opened up the road to Socialism with Chinese characteristics, which fully proved that reform and opening up is the key choice to determine the fate of contemporary China, the source of vitality for the development and progress of contemporary China, an important magic weapon for the cause of the party and the people to catch up with the times in great strides, and the only way to uphold and develop Socialism with Chinese characteristics and realize the great rejuvenation of the Chinese nation. At present, standing at a new historical starting point, Socialism with Chinese characteristics has entered a new era, opening the road of the Chinese nation’s great rejuvenation and strengthening the country from being rich to being strong. Under the guidance of the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, we must unswervingly adhere to the road of Socialism with Chinese characteristics and unswervingly follow the correct road of reform and opening up, the road of strengthening the country and enriching the people. Adhere to the people-centered development thinking, constantly meet the people’s growing needs for a better life, and make the fruits of reform and development more fair and benefit all the people. In the new journey of winning the great victory of Socialism with Chinese characteristics in the new era, we will continue to strive for self-improvement and self-innovation, unswervingly deepen the reform in an all-round way, open roads on every mountain, bridge bridges when encountering water, carry out the reform to the end, strive to open a new chapter in the transportation power, and take the lead in building a socialist modern power.

Musk will lay off 75% of employees after being exposed to Twitter, and Twitter denies that there is no layoff plan.

Tesla CEO Elon Musk’s plan to buy Twitter may not be good news for Twitter employees.

On October 20th, local time, Washington post quoted people familiar with the matter and a document as saying that Musk planned to reduce the number of Twitter employees from 7,500 to more than 2,000 in the next few months.

In other words, Twitter needs to cut nearly 75% of its employees.

The report quoted people familiar with the matter as saying that after months of legal disputes, Musk’s planned acquisition of $44 billion is progressing in an orderly manner and is likely to be completed before October 28.

In a memo to employees after Washington post’s report, Twitter General Counsel Sean Eichette warned employees that as the transaction drew to a close, there were expected to be "a lot of public rumors and speculations". "Since the merger agreement has been put in place, there are no plans to lay off employees throughout the company," he said.

In fact, as early as April this year, Bloomberg quoted people familiar with the matter as saying that Musk had told investors that he planned to lay off Twitter when he first sought funds from the bank.

However, reports in Washington post show that even if the deal between Musk and Twitter fails, the current management of Twitter plans to cut the company’s salary by about $800 million by the end of next year, which means that the company needs to fire nearly a quarter of its employees. At the same time, Twitter also plans to drastically cut its infrastructure spending, including a data center that keeps the website running normally for more than 200 million users who log in every day.

Washington post said that this change may have a significant impact on Twitter’s ability to control harmful content and prevent data security crisis in the future.

Edwin Chen, a data scientist who was in charge of Twitter spam and health indicators, said that millions of Twitter users may immediately feel the impact of such layoffs. He said that although he believes that Twitter currently has too many employees, the layoffs proposed by Musk are unimaginable, which will expose Twitter users to multiple risks such as hacking.

In the third quarter earnings conference call held by Tesla on Wednesday, Musk said that he had paid too much for Twitter: "Although it is obvious that myself and other investors have paid too high a price for Twitter now, in my opinion, the long-term potential of Twitter is one order of magnitude higher than its current value."

According to Washington post, the extent of layoffs exposed this time explains why Twitter executives are eager to sell the company to Musk — — Although Musk’s $44 billion bid is full of "hostility" and keeps swinging in the middle, it is tantamount to a cash check for this troubled social media company.

Months of bidding and a tense legal battle have left Twitter scarred. At present, Twitter is facing serious staff turnover, slow recruitment, project stagnation and stock price fluctuation.

Dan Ives, a financial analyst at Wedbush Securities, said: "It is easy for Musk to acquire Twitter, but the difficult thing is to fix it. Reversing this situation will be an arduous challenge. "

According to Washington post, according to interviews and documents, reshaping Twitter’s workforce is an important part of Musk’s ambition. Musk believes that significantly reducing the size of the company is the first step in implementing the strategy of turning losses into profits, which will then involve introducing more efficient employees and innovations, such as expanding the subscription business, that is, allowing users to pay for exclusive content provided by influential accounts.

Musk had previously told investors that he planned to double his income within three years and triple the number of daily users who watched advertisements in the same period, but he did not elaborate on how to achieve these goals.

However, people familiar with the matter also said that according to Twitter data, subscription may not bring new considerable income, because the users who watch advertisements the most on Twitter are about 1% of the number of users in the United States, which is also the most likely user to join the subscription service. If they start paying monthly, this plan may eat into the most profitable part of Twitter’s current advertising business.

The report also shows that Twitter’s human resources personnel told employees that they did not intend to lay off employees on a large scale, but the document shows that before Musk proposed to acquire the company, there had been a large number of plans to lay off employees and cut infrastructure costs. Then, on the basis of these plans, Musk will first target people with poor performance and then lay off employees at other stages.

According to Nell Minow, a business management expert, Musk may need to "sell" his ambitious plan to potential investors, but the implementation of his plan will face challenges. "He must prove that what will happen next after layoffs? What will he replace (Twitter’s original data security capabilities)? Artificial intelligence? " Nell Minow said.

As of the close of US stocks on October 20th, Twitter rose 1.18% to close at $52.44, with a market value of $40.1 billion.

Ministry of Culture: 19 webcast platforms were investigated for violating laws and regulations.

  Jinghua Times News (Reporter Jia Ting Meng Fanze) Yesterday morning, the reporter learned from the press conference of the Ministry of Culture that 19 webcasting platforms, such as Betta and Huya, were included in the list of illegal and illegal Internet cultural activities because they were suspected of containing obscenity and violence. Liu Qiang, deputy director of the Cultural Market Department of the Ministry of Culture, said that a blacklist system will be established for online platforms and anchors that repeatedly violate the rules, and credit punishment will be imposed, and business activities of violators will be prohibited or restricted.

  19 penalty results will be announced in time.

  Liu Qiang, deputy director of the Cultural Market Department of the Ministry of Culture, said that there are two main types of violations in the webcast platform investigated this time. One is that the live broadcast platform for performing arts provides online performances that promote obscenity, pornography and harm social morality. Some "anchors" sexually tease and hint through body and language, and there are violations such as "flashing" and "teasing" to win the audience’s attention and attract the audience to pay for virtual gifts, which is vulgar and indecent and has a bad social impact. Furthermore, the game live broadcast platform provides the game content display with gambling, violence and abetting crime, such as the live broadcast of gangster-themed games "Grand Theft Auto (GTA)5" and "Dragon 0", etc., with bloody pictures and abetting crime, and the live broadcast of illegal game "Zha Jinhua", etc., which promotes gambling behavior and violates social public order and good customs.

  Therefore, in order to standardize the operation order of Internet cultural market such as online performances, the Ministry of Culture issued the 25th batch of investigation list of illegal Internet cultural activities, and 19 online live broadcast platforms such as Betta, Tiger Tooth Live, YY, Panda TV, Battle Flag TV, Dragon Ball Live, Liujianfang and 9158 were included in the investigation list for allegedly providing Internet cultural products that promote obscenity, violence, instigate crimes and endanger social morality.

  Liu Qiang introduced that the webcasting platform listed in the investigation list has clear violation facts and sufficient evidence. The live broadcasting platform involved in the case should actively cooperate with the investigation, and should strictly abide by the Interim Provisions on the Administration of Internet Culture and strictly implement the responsibility of content self-examination. The Ministry of Culture has deployed comprehensive law enforcement agencies in relevant regional cultural markets to investigate and deal with the enterprises involved in the case according to law, and announced the punishment results in a timely manner.

  Violation of the "anchor" will be blacklisted

  Liu Qiang introduced that in the next step, the Ministry of Culture will focus on establishing a long-term management mechanism, and plan to introduce policies to strengthen the management of online performances, and standardize the key links of online performances in terms of management of business entities and post-event supervision.

  In addition, a warning list and blacklist system for illegal webcasting platforms and illegal "anchors" will be established, and the behaviors of webcasting platforms and "anchors" will be restrained through the credit punishment mechanism to strengthen industry self-discipline. For anchors who repeatedly violate the rules, the platform will be required not to accept them for anchor business; For live broadcast platforms that repeatedly violate the rules, it is possible to stop providing their content.

  Liu Qiang said that the current popular mobile APP is not an extra-legal place. It is similar in content and form to the webcast platform and will be included in the management process.

  > > enterprise response

  We will continue to improve the platform supervision mechanism.

  Companies including Betta TV, Tiger Tooth Live, 9158, YY, etc. all responded that they will actively cooperate with the actions of relevant state departments, strengthen the audit management of the platform, and jointly purify the network environment.

  Betta TV said that yesterday morning, Betta and a number of peers participated in the forum of network culture business units organized by the Ministry of Culture, listened to the publicity and management requirements of laws and regulations, and jointly discussed the development norms of the industry. Betta hopes to provide users with quality live broadcast service through its own efforts.

  Huya Live also said that it will always adhere to a positive and healthy operation idea, resist vulgar content, resolutely support and cooperate with the actions of relevant state departments, and call on peers to jointly safeguard the green environment of the industry and promote the healthy development of the industry.

  Tiange Group, which belongs to 9158, responded that this time it was notified by the Ministry of Culture that individual anchors in the platform had performed vulgar performances, and the group had closed the rooms and anchors in time.

  "The results announced by the Ministry of Culture today are a wake-up call for us and the whole industry, which will enable all platforms in the industry to continue to strengthen the supervision of their own platforms and more effectively promote the sound development of the live broadcast industry." Tiange Group said that they will invest more manpower, material resources and financial resources, continue to strengthen the monitoring and management of the platform, and have the confidence to do a better job in platform supervision.

  YY Entertainment responded that it will continue to improve the platform supervision mechanism and strictly investigate all kinds of illegal and vulgar live broadcast content. The penalties include closing the live broadcast, titles, confiscation of income and deposits.

  > > news background

  Frequent pornographic incidents on live broadcast platforms

  It is reported that in the past two years, webcasting has rapidly developed into a new Internet culture format, and live broadcast forms such as performing arts live broadcast and game live broadcast have emerged one after another, attracting the attention of a large number of netizens, and the market scale has grown rapidly. According to statistics, the number of users of the webcast platform has reached 200 million, and there are about three or four thousand live broadcast "rooms" online at the same time during the daily peak hours of large-scale live broadcast platforms, and the number of users can reach two or three million.

  At present, there are about 30 enterprises engaged in webcasting in Beijing, and the industry scale is constantly expanding. Since the second half of 2015, obscene and pornographic incidents represented by "live broadcast creating people" have occurred frequently, violating social morality and even gambling and drug-related problems have occurred frequently, and even some enterprises have used this as a means to create gimmicks for financing and listing, and online pornography is facing new challenges. In this context, the Beijing Network Culture Association launched the activity of negotiating a self-discipline convention, taking regulatory measures to solve the problems existing in the current live broadcast platform and implementing the main responsibility.

  The day before yesterday, the heads of more than 20 major enterprises engaged in online performance (live broadcast) such as Baidu, Sina, Sohu and iQiyi jointly issued the "Beijing Webcast Industry Self-discipline Convention", promising that all anchors must be certified in real names from April 18; The webcast room must be marked with watermark; Content storage time is not less than 15 days for future reference; For anchors who broadcast political, gun-related, drug-related, violent and pornographic content, serious cases will be blacklisted.

  Last night, the reporter observed on several live broadcast platforms, such as fighting fish and battle flags, and found that the convention has not been formally implemented, and many platforms have imposed certain restrictions on the performance and dress of the anchor. For example, "it is forbidden to spread vulgar and pornographic pictures, sounds, words, games and video information, causing vulgar interaction in the venue" and "it is forbidden for women to deliberately expose sensitive parts such as cleavage and buttocks". The flag platform also requires the anchor to maintain the order of the live broadcast room and deal with the illegal audience in time. However, in some live broadcast platforms, there are still naked female anchors, and there are also many viewers who leave messages to tease and ask the anchors to "take off their clothes" and "get up and watch their legs".

Jinan, Shandong: Seagulls reappear in Daming Lake.

  Recently, flocks of seagulls once again appeared in Daming Lake in Jinan, Shandong Province, and the scenic cruise ship deliberately opened up a new route to get in close contact with this group of elves.

  On the Daming Lake in Jinan, seagulls sometimes spread their wings and glide, sometimes dive for fishing, sometimes lie still on the lake, and sometimes chase and play. Groups of seagulls have attracted many citizens to stop and enjoy. It is understood that this is the fourth year that seagulls have "settled in" Daming Lake. This year, the number of seagulls is the largest, and the scenic cruise ships have deliberately opened up new routes to get in close contact with this group of elves.

  These guests from afar are called Siberian silver gulls. Every spring, some of them will fly to Jinan on time to feel the breath of spring here. According to past experience, this group of elves will leave Jinan soon after a short stay.

It is said that the author of "Daughter’s Love" and other unauthorized songs sued Tencent and other claims.

     China Court Network News  It is said that the film "Daughter Country on a Journey to the West" used his own music works "Yungong Xunyin" and "Daughter Love" in the soundtrack without permission. Mr. Xu sued Beijing Maitian Yinghua Culture Media Co., Ltd. and Shenzhen Tencent Computer System Co., Ltd. on the grounds of infringement of the right of authorship and the right of online dissemination of work information, requesting an order to stop the infringement, delete the infringing film "Daughter Country on a Journey to the West", apologize and compensate the economy. A few days ago, the Haidian District People’s Court of Beijing accepted the case.

  The plaintiff, Mr. Xu, claimed that he was the composer of The Journey to the West’s 86th TV series "Yungong Xunyin" and "Daughter’s Love". The Journey to the West’s broadcast for 30 years has had a wide influence at home and abroad. Yungong Xunyin and Daughter’s Love have also been widely sung, and have become The Journey to the West’s iconic music works. The films Sun Wukong’s Seven Fighting Nine-tailed Foxes and The Daughter of a Journey to the West are produced by Wheat Field Pictures Company and Tencent. Starting from August and October of 2015, the second company used Yungong Xunyin (prelude to Journey to the West) and Daughter’s Love in the promo of Monkey King and the soundtrack of Daughter’s Country on a Journey to the West without authorization, and charged on demand through Tencent Video and other networks, with a click-through rate of nearly 300 million.

  The plaintiff, Mr. Xu, believes that Sun Wukong’s Seven Strings of Nine-tailed Foxes has been offline, and The Daughter of a Journey to the West is still online. The use of Mr. Xu’s works by Wheat Field Painting Company and Tencent in the films involved without Mr. Xu’s permission and without Mr. Xu’s signature has infringed Mr. Xu’s copyright according to law, including the right of signature and the right of information network dissemination.

  At present, the case is under further investigation.

Huawei, another second is empty! The two heavyweights will be released on the same day!

Following the hot sale of Huawei Pura 70 Ultra and Huawei Pura 70 Pro last week, Huawei Pura 70 and Huawei Pura 70 Pro+ were officially launched at 10:08 on April 22nd. ?

For Huawei’s mobile phones, the sales fever of "selling out immediately after listing" continues. At 10: 08 on April 22, Huawei Pura 70 and Pura 70 Pro+ opened their first sales and sold out quickly. According to official website, the starting price of Huawei Pura 70 is 5499 yuan, and the starting price of Pura 70 Pro+ is 7999 yuan.

In addition to the high popularity of mobile phones, Huawei has also made a strong attack in the automotive field.

On April 24th, Huawei will hold two conferences: Huawei Smart Car Solutions will hold the "2024 Huawei Smart Car Solutions Conference" and Huawei Digital New Energy will hold the "2024 Huawei Smart Electric & Smart Charging Network Strategy and New Product Launch Conference".

"Assault sales" reappears, and Pura 70 is hot.

On April 18th, Huawei launched the "HUAWEI Pura 70 Series Pioneer Program", and Pura 70 Ultra and Pura 70 Pro went on sale at 10:08 on the same day.

It is understood that there are four models of Huawei Pura 70 series. In addition to the Pro and Ultra versions that were launched on April 18, the remaining Pura 70 and Pura 70 Pro+ were also sold separately at 10: 08 am on April 22. From the price point of view, the Pura70 model with the lowest price in Huawei Pura 70 series starts at 5499 yuan, and the starting price of Huawei Pura 70 Pro+ is 7999 yuan.

It is understood that both Huawei Pura 70 Ultra and Pro series adopt super-focusing macro telephoto. Pura 70 Ultra is the only model equipped with super-focusing telescopic main camera, which is also a major innovation of Huawei in the field of mobile imaging. It is also equipped with the industry’s first rotating telescopic lens structure. Compared with conventional lenses, this design can take into account the thickness of the lens and the fuselage, and at the same time, plug in high-standard camera lenses to enhance the image ability of mobile phones.

At present, Pura 70 series continues the sales popularity of Mate 60 series, and the scene of "sold out in one second" has appeared many times, and the overall sales of Huawei mobile phones are also recovering strongly. Counterpoint data shows that smartphone sales in China bottomed out in the fourth quarter of 2023, increasing by 6.6% year-on-year, of which Apple’s mobile phone sales decreased by 9% year-on-year, and Huawei’s sales increased by 71.1% year-on-year.

At the same time, Huawei has also "recovered lost ground" in the high-end mobile phone market. Counterpoint report shows that in the global high-end smartphone market of 600 dollars or more (about 4,333 yuan) in 2023, Huawei reached 5% of the high-end market share, up from 3% in the same period in 2022.

Wang Peng said that Huawei’s R&D strength is its core strength, especially in communication technology (such as 5G), camera technology and artificial intelligence technology. Innovations in these fields make Huawei mobile phones ahead of their peers in performance, photography and intelligent experience.

Liang Zhenpeng, an observer of the consumer electronics industry, said in an interview: "Huawei’s current advantage in regaining global high-end market share lies in its technological innovation, R&D strength and in-depth understanding of the domestic market. However, the main difficulty lies in the acceptance of the global market and the response of competitors. Although Huawei Pura70 series has evolved in AI capabilities and HarmonyOS OS, it is not enough to completely reverse Huawei’s disadvantage in the global high-end market share. "

Zhijie "grabs the bill" Xiaomi SU7, which can deduct 5,000 yuan.

On April 11th, HarmonyOS Ecological Spring Communication Meeting was held, and Huawei and Chery officially announced that Zhijie S7 had achieved mass delivery, which could "deliver one car in one minute". Based on the strong manufacturing capacity, the intellectual community has also set its sights on Xiaomi SU7, whose production capacity is in short supply.

Recently, there is market news that Huawei’s Zhijie S7 is "grabbing" customers of Xiaomi SU7, buying Zhijie S7 and paying the final payment, which can deduct the 5000 yuan deposit of Xiaomi SU7 lock order from the car price.

It is understood that at present, there are three modes of cooperation between Huawei and car companies, namely, spare parts supply mode (providing standardized products such as laser radar and car networking module for car companies and electric control of motors), HI mode (namely HuaweiInside, car companies adopt Huawei’s full-stack solution, including hardware and software) and HarmonyOS Zhixing mode (Huawei is deeply involved in product design, marketing and terminal sales).

Zhijie S7 is the model of Huawei’s HarmonyOS Zhixing cooperation. In 2023, HarmonyOS Zhixing opened to 78 cities nationwide to join the user center, which provided a series of services including sales, delivery and after-sales. According to Ping An Securities Research Report, HarmonyOS Zhixing Store will operate independently, and it is planned to build 800 stores by 2024.

The reporter came to a Wuhan HarmonyOS Zhixing Super Experience Center for consultation. The relevant staff told the reporter that the policy of deducting the deposit of 5,000 yuan from Xiaomi by purchasing Zhijie S7 does exist. At present, it is only for Zhijie S7, and other HarmonyOS Zhixing models do not enjoy this discount. To enjoy the relevant discount, you need to show the lock voucher of Xiaomi SU7, and the activity will last until the end of May. Compared with Xiaomi SU7, the delivery speed of Zhijie S7 is relatively fast. The above-mentioned staff told the reporter that the current delivery cycle of Zhijie S7 is 2 weeks to 4 weeks. Now you can pick up the car in May, and some configurations need 4 to 6 weeks to pick up the car.

According to the Pacific Securities Research Report, Zhijie S7 is the first car in Huawei’s smart car selection business, which will further fill the layout of Huawei’s cars. With the large-scale delivery and further cooperation between Huawei and the OEM, Huawei’s auto business is expected to continue to achieve profitability after turning losses, and Huawei Smart Drive is expected to shape a new round of industry prosperity.

Behind the "battle for orders" between Zhijie S7 and Xiaomi SU7, the sales of Xiaomi SU7 far exceeded expectations, and the production capacity was "in short supply". At the beginning of April, a car buyer with a lock list of Xiaomi SU7 told reporters that the estimated delivery time of the Xiaomi SU7Max version of the lock list is 26-29 weeks later, and it will take almost the end of the year to pick up the car.

In response to this "battle", Lei Jun, founder and chairman of Xiaomi Group, also responded. On April 22nd, Lei Jun said at the Weibo: "At present, the production capacity and delivery speed of Xiaomi SU7 are increasing rapidly, and the standard version and Max have been delivered in advance. Many prospective car owners found in Xiaomi Auto APP that the delivery time is expected to be advanced. At Beijing Auto Show, I will introduce our production capacity and delivery plan in detail. If you are really anxious to buy a car, domestic new energy vehicles are good, for example, Zhijie S7, Weilai ET5, Tucki P7 series, etc., you can also consider buying. "

The official of Zhijie responded by saying: "Thank you, Mr. Lei, for recommending Zhijie S7! Super-large space, Huawei intelligent driving and HarmonyOS cockpit have now started scale delivery, and consumers are welcome to experience in the store! "

Huawei takes the lead! The overcharge alliance is about to start.

On April 24th, Huawei will hold two conferences: Huawei Smart Car Solutions will hold the "2024 Huawei Smart Car Solutions Conference" and Huawei Digital New Energy will hold the "2024 Huawei Smart Electric & Smart Charging Network Strategy and New Product Launch Conference".

Among them, official website, Huawei’s smart car solution, was officially launched yesterday. According to the agenda of the meeting, "2024 Huawei Smart Car Solution Conference" includes new product launch conference, smart car lighting, smart car control, computing platform, smart driving, smart cockpit and smart Che Yun theme forum.

Weibo, the official of Huawei’s smart car solutions, said that at the press conference, Huawei will launch a new brand, and invited many car companies, such as Extreme Fox, Changan Automobile, Aouita, Deep Blue Automobile, Blueprint Automobile, Warrior Technology and Guangzhou Automobile Chuanqi.

At the "2024 Huawei Intelligent Electric & Intelligent Charging Network Strategy and New Product Launch Conference", a new intelligent fusion solution in power domain will be launched for pure electric and extended range hybrid platforms, and a full range of ultra-fast charging solutions will be released.

It is worth noting that according to the agenda of the meeting, the meeting will also include the release ceremony of the "Overcharged Alliance".

Editor: Ye Shujun

Proofreading: William Wang

The 2024 Securities Times "Looking for Venture Capital’ Golden Eagle’ and Discovering Enterprise’ New Seedling’" plan was grandly opened, lighting up the dream of the times and blooming the light of the times.

Click on the poster to register, quick stamp ↓↓↓↓

Fight the landlord with joy and make a fortune with silence.

Original Zhangmeiya Youth Hengcai Development Association

Under the indiscriminate bombing of the internal volume, the exploited social animals can only fight back with techniques such as "fishing to fool students" and "going to the toilet with pay".

Go to the toilet with pay, as soon as you hear it, it won’t take a few minutes for social animals. However, in order to make these minutes of "anti-exploitation" longer and happier, the anonymous login game during working hours has become a happy password for toilet time without being discovered by the leaders.

And this is the wealth password of Happy Landlord:

It is such a game, and its market share on the Android side was as high as 87.2%. On the APP Store revenue list, Happy Landlord, as the only chess game, ranked 15th, with a weekly recharge of 21 million yuan.

Tencent has not published the financial report of Happy Landlord separately, but according to this data, the annual revenue of Happy Landlord can reach 6 billion yuan, not counting other income such as advertising, which is a model of making a fortune.

You know, the Honey Snow Ice City, which has opened more than 5,000 stores, has a revenue of only 6.5 billion yuan in 2019.

Leisure games at the same time as Happy Landlord Fight, such as QQ Farm, QQ Pickhole, QQ Hall, etc., have long since withdrawn from the historical stage.

The Happy Landlord has experienced the change from PC to mobile Internet era, and it still stands today and has become the spiritual opium of several generations.

So, what’s the magic of fighting the landlord happily?

In 2008, junior high school students were busy killing Matt, and changed the name of QQ to bury love Xiaomo, and the Happy Landlord was born, which attracted the attention of parents and netizens. At that time, Happy Landlord Fight was still a small game built in the QQ game hall, which could only be played on the computer.

After the parents became fascinated with the happy landlords, they seemed to open a new world of surfing the Internet, and began to further occupy the computers at home, and in the name of studying hard and playing less with computers, they rushed their children to the room to read books.

Since then, the control of the computer has been transferred, and the children are miserable and secretly lamented: "All this is the fault of the happy landlord!"

The exclusive currency of Happy Landlord is called joy beans, which is equivalent to the chips on the poker table. When the account number is less than 1,000 beans, the system will send you a "minimum living allowance" four times a day, with 1,000 yuan each time, so that you can continue to gallop in the poker field. If you lose all four times and want to continue playing, you can only choose to recharge or change the number.

At that time, there was no need for real name and mobile phone verification code to register QQ. Many people registered several QQ numbers for fun, and one of them was lost for another. This brought many new users to Happy Landlord and even QQ at that time.

In 2008, the number of Internet users in China was less than 300 million. At that time, all software wanted users to spend as much time on it as possible. Therefore, the setting of Happy Landlord is very risky. Only when you have beans can you continue to play, which is invisibly adding a threshold to the product. Whether it can be done or not, Tencent has no bottom in mind.

So QQ Game Hall sent another brother product, horse racing, named QQ Fight Landlord. There is no "joy" and no joy beans, so you can play indefinitely. Winning or losing is only counted as points, and points correspond to a title system. From bonded laborers to big landlords, the classes are distinct and full of challenges.

These two landlords are basically the same except for the monetary rules. From a purely rational point of view, playing QQ to fight landlords is obviously more cost-effective, because it is not restricted by joy beans. As long as users want to play, they can fight until dawn, and there is no need to recharge at all.

However, from the actual situation, the Happy Landlord is much more popular than its fellow brothers, which is reflected in revenue and monthly activities. It doesn’t make sense from the rational level, and the answer lies in human nature.

Joy beans landlords won or lost thousands or even tens of thousands in a game, so they had to leave after the Happy Tofu. Compared with the integral system, which is dull as water and never ends, Happy landlords can bring people a sense of gain, rather than simply killing time.

In this way, Happy Landlord eliminated his fellow brothers, lived tenaciously in the era of mobile Internet, and became independent from the QQ game hall. With a new carrier, there will be richer use scenarios, such as when taking a paid shit, when lying on the sofa doing nothing, and being too lazy to find a variety show.

Up to now, stand-alone mobile games are a world of fun and enjoyment, and online mobile games must have a place for happy landlords.

All loyal users of Happy Landlord will inevitably send out a soul question: Who is Happy Horse?

Many people find that the Happy Horse Club will appear randomly in the game. The same name and the same avatar can always be met several times a day. Sometimes it is your teammate who fights side by side, and sometimes it is the landlord who plays against the sky.

Such frequent encounters inevitably make people wonder: "Is Happy Horse fond of playing cards, or is it because we are so predestined? Or is Happy Horse a robot at all? "

With such questions, people tried to find the answer in the post bar, and as a result, they met a group of card friends who were equally puzzled. Everyone had an indissoluble bond with Happy Horse.

Happy horse, English is happy pony, Happy Ma Huateng, perhaps this is a little bad taste of Ma Huateng. Change the name and avatar of the robot account to this, "A man who looks as sad as Bojack, a horse man", which is in contrast with the nickname, as an egg in the game.

Some netizens have found evidence that whenever they earn a lot of joy beans, Happy Horse will appear, beating you with a hand of "just a little bigger than you", just like a joy beans harvester.

But some people said that the happy horse he met was not like a robot. A netizen once added a friend of a happy horse to the game, and the happy horse often sent him beans.

And although the avatar and the screen name are the same, the location of each happy horse is usually far apart, and there is even a seemingly real record. Some happy horses rest during working hours and only play cards at night and on Saturday and Sunday.

Some netizens pointed out that Happy Landlord allows anonymous login, and the system will randomly assign you a nickname and avatar, including Happy Horse, Nerve Frog, momo, Abai, etc. This can explain why the IP of Happy Horse is spread all over the country.

That is to say, Happy Horse, which appears on your friends list, probably chose to log in anonymously because he didn’t want the boss to find out that he often fights landlords.

Some users couldn’t figure out who the happy horse was, and decided to become a happy horse themselves. They changed their names in the game and changed their heads to the sad horse as a little seasoning in ordinary life.

These artificial happy horses sometimes meet at cards. They often smile and pour each other a cup of tea.

Therefore, it can be roughly concluded that the happy horse in the game now consists of robots, anonymous people and a group of boring people.

Think of someone who insists on doing nonsense in such a chess game with little technical content, just to confuse other players. Is it quite punk?

Open the client of Happy Landlord, and you will be surprised to find that all these friends who usually lie dead in their circle of friends are dancing in Happy Landlord.

The minimum top-up amount of Happy Landlord is 3 yuan RMB, and you can get 3.6W joy beans, which is enough to enter and leave several high-level venues that you are not qualified to go to at ordinary times. Some people regard this as a way to decompress: "If you are tired of work, you will charge three yuan, double your madness in the advanced field, and continue to move bricks after losing."

Even if you don’t want to spend a penny, fighting the landlord can make you experience a moment of happiness. This is a game full of "novice aura". In the first few games every day, you will be given a few good cards against the sky. The two kings and three will bring a bomb, and the opponent will lose everything in one game.

After experiencing the pleasure of winning money, the Happy Landlord Fight will make you lose several games in a row. Every time you touch a card, you will either break 7 or get the biggest A. At this stage, you will feel unlucky and even want to quit the game and do something else.

But like love rat, Joyful Landlord will never let you succeed. It will match two bean delivery robots for you when you are discouraged and about to lose everything. Their mission is to lose to you. Therefore, it is touching to split a pair of threes into two threes.

The beauty of online licensing, the nearest time to us, just rolled past the subtitles. It is the normal life of ordinary people to throw bombs and planes in game after game of happy landlord fighting.

Joyful landlords provide people with a cyber chess room with the lowest cost.

Users know that most of the cards are set by the system, and they know that they will never enter the highest level by receiving the minimum living allowance. They also know that Happy Landlord Fight is a scam that has been carefully designed to let users lose all the beans quickly.

But people still enjoy it, and they are willing to charge a few dollars occasionally in exchange for a moment at the poker table.

A netizen sent a message to Weibo, saying, "If you spend 3 yuan to buy 30,000 beans at Happy Landlord, you can have a happy and full day."

For social animals who have been working clumsily for a day, it is easier to have fun fighting landlords than the glory of the king, who is easy to get angry when he tests his operation level.

It takes almost no brains, and occasionally it can experience the excitement of winning money. It can’t meet the cool primary school students with good skills and equipment, and it won’t happen without voice function. When the tension is tense, it is just throwing water at each other’s QQ show. It’s really a very gentle game, so it’s not hard to explain why so many people are attracted to a fool’s game.

Happy Landlord has been online for 12 years today. Some people say that because of the rapid iteration, the life span of Internet products should be calculated according to "dogs". A dog’s year is equivalent to seven years of human beings, so Happy Landlord is 84 years old this year, but the heat is still unabated.

Probably because adults need a cheap and legal "cyber chess room" so that they can find an easy-to-indulge exit and have a beautiful dream outside of their tired life.

Even in dreams, people often urge.

References:

Happy Landlord Product Analysis Report

http://www.woshipm.com/evaluating/1033713.html

Why can Happy Landlord always be active among young users?

Watching landlord fights is more addictive than landlord fights.

Original title: "Joyful landlords, making a fortune in silence"

Read the original text

25th anniversary of Hong Kong’s return to the motherland | Work together to create the future-Hong Kong celebrates the 25th anniversary of its return to the motherland in a colorful way.

  Xinhua News Agency, Hong Kong, June 29th: Work together to create the future — — Hong Kong celebrates the 25th anniversary of its return to the motherland.

  Xinhua news agency reporter

  Street view taken on the streets of Hong Kong on June 28th to celebrate the 25th anniversary of Hong Kong’s return to the motherland. Xinhua News Agency reporter Li Gangshe

  National flags and regional flags are flying in the streets and lanes, red lanterns are hung on the footbridges in central ferry piers, fishing boats are cruising around the Victoria Harbour, and residents in the New Territories set up traditional large-scale flower cards, and the song "My motherland and I cannot be separated for a moment" is rippling in Victoria Park … … On the occasion of the 25th anniversary of China’s return to the motherland, Hong Kong is filled with festive atmosphere.

  A good show to welcome the celebration.

  On the morning of the 28th, Hong Kong was clear with blue sky and white clouds. Hong Kong fishermen celebrated the 25th anniversary of their return to the motherland, and the sailing ceremony of fishing boat cruise in Victoria Harbour was held at Tsim Sha Tsui Pier.

  Despite the hot weather, the event attracted many citizens to participate. Mr. Guo, who lives in Tai Po, and his family came to the dock early in the morning and excitedly took a selfie at the fishing boat. "This year’s fishing boats are particularly festive!"

  After the cruise began, the fleet of 25 fishing boats was divided into five phalanxes and set out from Tsim Sha Tsui. At the bow and stern of each fishing boat, the five-star red flag and the bauhinia regional flag are flying.

  Yang Shangjin, the chairman of the Hong Kong Fishermen’s Mutual Aid Society and the post-80s generation, is an out-and-out fisherman’s child. At the launching ceremony, he sang the national anthem with the audience. He said: "The motherland is ours ‘ Home ’ . Thanks to the country’s concern and support for fishermen, let our lives live better. "

  "The five-star red flag flutters in the wind, and the victory song is so loud … …” At the landmark locations such as Golden Bauhinia Square, Tsim Sha Tsui Cultural Center and Kai Tak Cruise Terminal, the 25th anniversary of the return of thousands of young people, jointly sponsored by 21 provincial associations in Hong Kong, was staged. The young people who participated in the activities dressed in uniform sang "Singing the Motherland" together, and expressed their patriotism and love for Hong Kong with loud singing and youthful attitude.

  "In ‘ Flash ’ During the singing, I felt the love of the vast number of young people in Hong Kong for the motherland and the spirit of sincere unity and positive progress. " Hong Dingteng, director of the Youth Committee of the Federation of Fujian Associations in Hong Kong, said that we will continue to sing about a better life and work together to create a new future and a new chapter.

  A large-scale theme exhibition hosted by Bauhinia Culture Group to celebrate the 25th anniversary of Hong Kong’s return to the motherland attracted more than 25,000 visitors in six days.

  The film One Sky, which was made to celebrate the 25th anniversary of the establishment of the Hong Kong Special Administrative Region, was released recently. Zhuangcheng, the film producer, said: "Hong Kong is developing in a better direction. I hope this film can inspire Hong Kong compatriots’ feelings of home and country and work hard to create a better tomorrow."

  The five-star red flag and bauhinia regional flag hung in Lidong Street, Hong Kong, shot on June 28th. Xinhua News Agency reporter Li Gangshe

  The whole city is "China Red"

  "Dreamers set off from the starting line and crossed the line at the foot of the Lion Mountain. May this Hong Kong be created together." On the big screen of Times Square in Causeway Bay, the theme song "Before" was played to celebrate the 25th anniversary of Hong Kong’s return to the motherland. A circular red festival poster was posted on the glass curtain wall of the building, and Mr. Lin took out his mobile phone to take photos as a souvenir.

  Mr. Lin came to Causeway Bay on a tram with the slogan of warmly celebrating the 25th anniversary of Hong Kong’s return to the motherland printed on its body from the West Ring Road. On the streets of Hong Kong, many buses and trams have changed into red "new clothes". "Trams are issued from time to time ‘ Ding Ding ’ The sound, when slowly passing through the streets of Wan Chai, complements the holiday decoration of the tram station. " He said.

  On Lidong Street on Hong Kong Island, on the streets of Tsim Sha Tsui East and Baili Avenue in Kowloon, five-star red flags and bauhinia regional flags are hung all over the streets, which are particularly bright against the blue sky and white clouds. People passing by can see a piece of "China Red" when they look up. Many Hong Kong citizens took photos and videos and posted them online, which was well received by netizens: "The scene is too shocking" and "inspiring" … …

  Hong Kong in the night is festive and peaceful. The World Trade Plaza, the tallest building in Hong Kong in West Kowloon, is located in Sun Hung Kai Center and Central Plaza on Hong Kong Island. Rows of skyscrapers perform light shows, making the brightly lit Victoria Harbour more colorful and displaying the unique charm of the "Pearl of the Orient".

  From July 1st, the special edition of the large-scale multimedia show "symphony of lights" will be officially launched. Specially designed and produced for the 25th anniversary of Hong Kong’s return to the motherland, the lighting show not only adds more buildings to the lighting show, but also adds various elements, bringing refreshing audio-visual enjoyment to the public.

  Cheng Dingyi, Director-General of the Hong Kong Tourism Board, said that the new elements include setting up multiple lighting effects at various locations on both sides of the Victoria Harbour, setting up unique light and shadow on the outer wall of the SAR Government Headquarters and the rooftop of the Legislative Council Building, and putting on new clothes for many Star Ferries to blink at night.

  The five-star red flag and bauhinia regional flag shot on the streets of Hong Kong on June 29th. Xinhua News Agency reporter Binghui Lu photo

  People from all walks of life celebrated together

  Citizens and social organizations celebrated the 25th anniversary of Hong Kong’s return to the motherland in various ways.

  "Bless Hong Kong, Bauhinia is blooming beautifully, and the road is just ahead … …” Zhu Wunina, a Hong Kong songwriter, co-wrote this song "Blessing Hong Kong" with friends. "Only when there is a country can there be a home, and when the country is good, Hong Kong can be good." She said that she hopes to express her deep love for the motherland and Hong Kong with songs.

  "Compared with previous years, I felt more responsibility when I participated in the celebration this year." Zhu Dingwen, the flag bearer of the China-Hong Kong delegation to the Beijing Winter Olympics and a short-track speed skater, said that this year he came to the celebration as an athlete who participated in the Beijing Winter Olympics, and his feelings were very different. "I hope that these activities can bring positive energy to more young people in Hong Kong."

  "We take ‘ Poster+lighting+flag array ’ Way, let ‘ Tsuen Wan City takes China Red ’ 。” Hua Meiling, Secretary-General of the Organizing Committee for Celebrating the 25th Anniversary of Hong Kong’s Return to the Motherland in Tsuen Wan, told reporters that there are 18 celebration activities in Tsuen Wan, including festival theme decorations, cultural performances, and Putonghua recitation.

  A gala celebrating the 25th anniversary of Hong Kong’s return to the motherland will be held in Hung Hom Gymnasium on July 1st, and many famous artists from Hong Kong, such as Andy Lau, Alan Tam and Nicholas Tse, will give wonderful performances to the audience.

  "On the 26th, I went to Hung Hom Gymnasium for the first time for live rehearsal. The venue is magnificent, the stage is beautiful, and the visual effect of the overall performance is shocking. " Mo Hualun, a Hong Kong tenor, said that he was full of expectations for the performance of the gala, and firmly believed that with the support of the central authorities, the new SAR government would lead Hong Kong to "open a new chapter" and usher in a new stage of development. (Written by reporters: Liu Huan, Cha Wenye, Lu Min, Lin Ning, Wei Hua, Huang Yitian, Su Wanming, Li Baitao)

His net worth has shrunk by 200 billion. How does "Mr. Twitter" Musk tell the Tesla story well?

Author | Wang Yajun  

Cover Source | Douban Entry  

On January 26th, Beijing time, Tesla released the latest financial report: in the fourth quarter of 2022 (hereinafter referred to as Q4), the revenue increased by 37% year-on-year to US$ 24.318 billion, and the net profit increased by 59% year-on-year to US$ 3.687 billion, both hitting record highs and exceeding market expectations.  

During the period, Tesla’s vehicle production and delivery both reached new highs: Q4 produced 439,701 vehicles and delivered 405,278 vehicles, up 44% and 31% respectively.  

On the first trading day after the financial report was released, Tesla closed up nearly 11% and its market value returned to 500 billion US dollars.  

DanielIves, a well-known Tesla bull and Wedbush analyst, believes that Q4 in 2022 will be "one of the most important financial reports in Tesla’s history" because its dominant position in the electric vehicle market is facing new resistance in the past few years.  

Before the financial report was released, Tesla took the lead in the unprecedented price reduction promotion in the domestic market on January 6, and then spread the price war to the United States, Europe and other places. Musk said in the earnings conference call that he saw the strongest order in Tesla’s history in January, and the current number of orders is almost twice the production capacity.  

In 2023, Tesla gave a delivery target of 1.8 million vehicles in the financial report, an increase of 37% compared with 2022, which was lower than the previously set long-term target (an annual increase of 50%). However, Musk is also optimistic that if there is no external interference, 2 million cars may be produced and sold in 2023.  

The price of cars has dropped, but the growth rate of delivery has slowed down.  

In Q4 of 2022, Tesla, the "price butcher", once again showed the cutting edge of price reduction.  

Since October, 2022, Tesla has successively reduced prices in China and North America. Musk’s goal is to sell all the cars produced in Q4 that year and usher in an "epic year-end".  

However, due to the small price reduction, the effect of exchanging price for quantity is not satisfactory. Tesla delivered a total of 405,300 vehicles in Q4, with a year-on-year growth rate slowing from 71% in the same period of last year to 31%, and a year-on-year revenue growth rate of 37%, a record low in the past two years. MarkDelaney, an analyst at Goldman Sachs, believes that Q4′ s delivery data is "an increasing negative factor".  

 In Q4 last year, Tesla’s output exceeded the delivery by 34,423 vehicles, and the annual difference was 55,769 vehicles. In 2022, Tesla delivered a total of 1,313,800 vehicles, which failed to reach the annual target (1,404,100 vehicles), and the throne of the annual new energy vehicle sales crown was also taken away by BYD.  

As the most profitable new energy vehicle company in the world, Tesla’s net profit growth rate slowed down obviously in Q4 last year, even less than Q2, which was affected by epidemic and supply chain.  

The price reduction promotion also lowered the gross profit margin. Tesla Q4′ s gross profit margin was 23.8%, down 3.6 percentage points from the same period of last year and 1.3 percentage points from the previous month, hitting a new low in nearly seven quarters.  

  In the face of the decline in profitability brought about by price cuts, Musk believes that Tesla can get compensation from autonomous driving.  

In a Twitter space discussion at the end of 2022, Musk said that the value of a car that can drive automatically is much higher than that of a non-self-driving car. Even if the profit margin is extremely low when selling a car, it can be upgraded to automatic driving. It can bring a lot of income. "Only Tesla can do this."  

FSD(FullSelf-Drive) brought Tesla $324 million in revenue in Q4. Tesla has released a beta version of FSD to almost all customers in North America, and the number is about 400,000.  

In addition to the slowdown in growth and the decline in gross profit margin, Musk, as the soul of Tesla, was also distracted by Twitter.  

Musk proposed to acquire Twitter in April 2022 and entered the company in October. After the acquisition, Musk reduced his holdings of Tesla shares worth nearly $23 billion. KoGuanLeo, the third largest individual shareholder of Tesla, said that Musk gave up Tesla and Tesla had no CEO.  

The cold winter of Q4, together with Twitter nightmare, has impacted Tesla’s market value and Musk’s net worth. As of the close of the last trading day in 2022, Tesla’s share price fell by more than 50% in the fourth quarter. Affected by this, Musk became the first rich man in history to lose $200 billion.  

  

Weakened first-Mover advantage  

Behind the slowdown in delivery, revenue and net profit growth is Tesla’s insufficient demand challenge in Q4. According to the financial report, Tesla Q4′ s global inventory supply days reached 13 days, up 225% year-on-year, the highest in the whole year.  

Bernstein, an American investment research institute, said that the price reduction of Tesla’s promotion in China and the United States in 2022 means that Tesla may have a demand problem.  

The long gap period of models is one of the important reasons for the decline in Tesla demand. In 2022, the combined delivery of Model3 and ModelY accounted for 94.92% of Tesla’s total annual delivery, but the release time of these two models should be traced back to 2016 and 2019 respectively.  

Merrill Lynch once predicted in a report that by 2025, Tesla’s American electric vehicle market share will drop from the current 70% to 11%, because Tesla did not expand its product portfolio quickly enough, while traditional car manufacturers and new forces making cars are improving their product lineup. Standard & Poor’s Global Mobile also believes that although Tesla is still the best-selling electric vehicle brand in the United States, its competitors are launching more and more affordable models, and Tesla’s dominant position in the electric vehicle market is being weakened.  

During the gap period of Tesla models, the pattern of new energy vehicle market in China has also changed greatly. According to the data of the Association, the market share of BYD’s new energy passenger cars increased from 19.5% in 2021 to 31.7% in 2022. In the same period, Tesla decreased from 10.7% to 7.8%. Wei Xiaoli also broke through the annual delivery of 100,000 vehicles in 2022, and plans to launch more models.  

 

At the same time, Tesla’s technological aura is gradually eclipsing.  

Tesla’s brand power is centered on the exploration and landing of new technologies, especially the combination with FSD. Musk also predicted that "autopilot software will become Tesla’s most important profit point", but FSD has never achieved true full autopilot. According to the calculation of CITIC Securities, from 2019 to 2021, the revenue of FSD accounted for 3.4%, 2.8% and 1.7% respectively.  

Will the price war last?  

At the beginning of 2023, Tesla cut prices sharply on a global scale.  

On January 6th, all the models on sale in Tesla China market were reduced in price, with a drop of 20,000 ~ 48,000 yuan, and the promotion was unprecedented. The following week, Tesla spread the bonfire of price war to Japan, South Korea, North America, Europe and other places.  

Price reduction is a double-edged sword. Daniel, the aforementioned Wade Bush analyst, believes that Tesla’s price reduction may increase the global delivery this year by 12% ~ 15%. Deutsche Bank predicts that Tesla’s gross profit margin will drop by 3 percentage points in 2023 compared with 2022.  

At the earnings conference call, Tesla did not release the expectation of continuing to exchange prices. Musk said that Tesla raised the price slightly because the demand after the price reduction far exceeded the output. On January 24, Tesla raised the price of the ModelY dual-motor all-wheel drive model sold in the United States by $500. Tesla CFOZachKirkhorn also said in the earnings conference call that the gross profit margin of automobiles will be higher than 20% this year.  

Tesla’s price reduction action is bound to cause a rebound of competitors. Haitong Securities believes that Tesla will increase market sales by reducing prices, announcing that the electric vehicle industry will officially enter fierce competition in 2023, and global car companies will face great pressure to compete head-on.  

On January 13, AITO asked the community to announce that the price of some of its models would be lowered by 28,800 ~ 30,000 yuan. On January 17th, Xpeng Motors, which is still at a loss, announced that it would adjust the price of its G3i/P5/P7 models, with an overall decrease of 20,000 ~ 36,000 yuan.  

The day after the official announcement of price reduction, He Xiaopeng, chairman of Xpeng Motors, said at the annual summary meeting, "Either you are brilliant enough with everyone, or you will die with a bang".  

BYD, which did not follow the price cut, launched a million-class luxury car the day before Tesla’s domestic price cut in an attempt to get more cakes in the high-end market.  

In the face of rivals who are chasing after each other step by step, Tesla urgently needs to find new sales growth points.  

FranzvonHolzhausen, chief designer of Tesla, said on January 16th that Cybertruck, a pure electric pickup truck, had finished the design and was ready to put into production. The market generally believes that if Cybertruck can be listed as scheduled, it will become a new growth point for Tesla in the North American market in 2023.  

Cybertruck; Source: Tesla official Weibo  

 Musk said in the earnings conference call that Cyberruck may start production in the summer of 2023, but the real mass production work will begin in 2024, and Cyberruck’s contribution to profits will not be great this year.  

Cheap models are another sales growth point besides Cybertruck. Musk predicts that the cost of the next-generation car platform will be half that of the second-generation platforms (Model3 and ModelY), and its output may be higher than the sum of all the company’s current products.  

Tesla said in Q4 financial report that more details of the next-generation car platform will be released on March 1, 2023, Investor Day. Analysts of venture capital firm LoupVentures believe that Tesla’s affordable model Model2 will not be launched until 2024.  

In addition, Tesla has to consider the impact of the macro environment.  

In a Twitter discussion at the end of 2022, Musk believed that the severity of the economic recession in 2023 was equivalent to that in 2009, which would affect the demand for automobiles and lead to an increase in the consumption cost of automobiles. However, in the earnings conference call, Musk also said that the economic recession will reduce Tesla’s costs, which in turn will bring higher profit margins. However, he stressed that this was only his guess.  

Twitter is also a variable that Tesla will face this year. In December 2022, Musk launched a vote on whether he should step down as CEO of Twitter. 57.5% of users thought he should resign, but Musk still serves as CEO of Twitter.  

In the earnings conference call, Musk "showed off" his Twitter account with 127 million fans, and said that Twitter created demand for Tesla. At present, Musk has renamed his Twitter account "Mr. Twitter".  

Competition in the industry has intensified and the first-Mover advantage has diminished. In 2023, Tesla will still face severe challenges.