Can artificial intelligence speak "foreign languages"? -On Natural Language and Computer Language

Language is an important tool for human beings to express their communication and thinking. Language reflects people’s thoughts, and people use language to communicate, express and create. The daily language used by human beings is called natural language, which includes vocabulary, pronunciation, semantics and grammar. The language used for machine programming is called computer language, which consists of numbers, characters and grammatical rules. Human natural languages are in different languages and belong to different language families, and computer languages are also divided into various categories according to different writing rules. Language intelligence, the ability of people to communicate and think in writing through language dialogue, is regarded as an aspect of human intelligence. In contrast, a machine (computer) has the ability to recognize computer language, run programs and perform operations, and computer language can be regarded as a language inherent in the machine. If the computer can understand the natural language as a "foreign language", realize the translation of natural language, understand and execute people’s commands, and even talk to people, can it be considered that the computer has language intelligence similar to that of people? This paper will answer this question.

Definition of natural language and computer language

The language used in human daily life is called natural language. Humans use language to express ideas, communicate and describe objects. As a carrier, language carries the connotation of words. Many languages of human beings belong to different language families, but languages can correspond and translate with each other. Every language is a system including vocabulary, grammar and pronunciation, in which vocabulary is used to express itself according to grammatical rules. As the philosopher and linguist Chomsky said in Language and Mind, "People who know a certain language have mastered a set of rules system, which assigns sounds and meanings to countless possible sentences in a certain way." However, individuals who use natural language may not be aware of the rules and connotations of this language system: "People who know the language are not aware that they have mastered these rules or are using them, and there is no reason to assume that this knowledge of language rules can be brought into consciousness."

The acquisition of natural language is based on life and social interaction. The process for children to master a language is to get in touch with words and sentences through a large number of dialogues, acquire sentence models in conversations and chats, and then master grammar. It can be seen that the learning of natural language is from semantics to grammar. Therefore, some scholars discuss language acquisition from the standpoint of human language talent theory. For example, Chomsky thinks that there is a natural universal grammar in the human brain, which exists in a place called language acquisition device. He tried to explain the relationship between language research and human nature, and thought that language reflected the process of human mind and determined all aspects of ideological characteristics and development.

From the perspective of language system, natural language is both stable and changeable. On the premise that a language exists, its vocabulary and basic grammar are stable. At the same time, the language is constantly updated, derived and developed due to the changes of the times and environment during its inheritance and use.

Computer language refers to the language that uses numbers and characters to write programs according to the prescribed grammatical rules, so that computers can do all kinds of work. It includes machine language, assembly language, high-level language and so on. In different ways of thinking about programming and programming models, statements composed of characters and grammatical rules perform operations according to instructions. The original intention of computer language design is to enable people to better control and operate computers. At present, every action and step made by all computers are carried out according to the program compiled by computer language. The operation of a computer is a process of accepting input, matching objects and outputting answers. In the execution operation, the calculator must first understand the input commands of people, and translate the natural language. The source code of the application program is translated into the target code machine language by the interpreter of the corresponding language, and then the compilation operation is carried out to translate the program source code into the target code machine language.

It can be said that computer language is the medium of man-machine dialogue. Computer language can recognize and translate natural language, perform operations and output results in its construction, and the translation process is the key to man-machine cooperation and even man-machine dialogue. The machine can only continue to perform operations after understanding the commands input by human beings. Before the emergence of intelligent machines, people’s input instructions to machines were single, but today’s intelligent machines have gradually tried to understand people’s commands through voice and image recognition. At present, this ability mainly depends on corpus analysis, enhanced matching search and deep learning.

If the vocabulary of natural language is regarded as a set of symbols and its grammar is regarded as the rules for the use of symbols, then computer language is also the use of symbols and rules. The encoding and decoding of computer input and output, as well as the operation in human-computer interaction, are also similar to the process of using language to listen, read, write and communicate with people. In this sense, computer language seems to be the natural language of computers. If the computer is truly intelligent, then in its view, human natural language can be regarded as a foreign language. But can computers be intelligent?

To compare natural language with computer language, an important perspective is to distinguish the internal logic of natural language and computer language from their logical systems. Logic is an important connotation of language, and the logical structure and grammatical system of a language are the root causes that distinguish it from other languages and languages.

Logic in Natural Language and Computer Language

In the use of natural language, ambiguity and ambiguity are inevitable, and there are misunderstandings and deviations in translation between languages. Scholars want to solve the ambiguity and ambiguity of words in expression and find the common deep structure in human language, so they invented formal language by using mathematical methods for reference. The original intention of formal language is that people want to make logic have a set of universal symbols like mathematics, so as to try to establish a universal and unambiguous language. Through this language, all thinking and reasoning can be transformed into calculus and become as accurate as mathematics. Logicians try to accurately describe the world described by natural language with formal systems and symbols, so as to make more accurate reasoning, analysis and judgment. Therefore, in the study of logical language, it also includes the study of natural language generative grammar.

Natural language can be regarded as a symbol system, in which words are symbols to express ideas under the cultural background. However, the logic in natural language is not only grammatical structure, but also semantic. The ambiguity and vagueness of some words in our daily expression are difficult to judge in grammar, but they can be simply solved by context and the introduction of context. Wittgenstein thinks that natural language is used to express objects, the meaning of a proposition or sentence comes from its real object, and the process of learning language is to master the relationship between words and objects. We can’t get meaning from a single word, but through association and activity, so natural language has meaning under certain environment and specific rules of the game.

Therefore, the logic of natural language has one more dimension than that of formal language. Natural language is a part of human mind, and the logic contained in words is the unique logical ability of human mind. As Wittgenstein pointed out, a single vocabulary and grammatical structure cannot convey complete meaning. The acquisition of natural language can’t be achieved only by learning the logical structure of language. Therefore, mind is an important concept in the acquisition of natural language.

The computer language used by the machine is also a formal language. It is the language that people first gave to the machine and became the pre-existing language in it. When computers understand and execute human commands, they need to translate natural languages into computer languages that can be understood by machines, and then carry out program operations. Formal description of natural language is very important for mechanical imitation of computer programs, but understanding imitation is different from mechanical imitation. Mechanical imitation involves formal nature, while comprehension imitation involves quasi-semantic nature. At present, computers are mainly based on mechanical imitation and talk to people’s natural language through logical language. Therefore, although the processing of natural language by computer can be regarded as a kind of translation, at present, this kind of translation is different from the mutual translation between two languages in natural language.

In the process of disambiguation, computers need a lot of knowledge, including linguistic knowledge (morphology, syntax, semantics, context, etc.) and common sense cognition about the world. This has also caused two main difficulties in natural language processing at present. Measuring computer language from the perspective of natural language is highly formalized, which makes its ability to describe context limited, and it cannot convey multi-layer information like natural language. Therefore, although formal language has advantages in accuracy, its contextual shaping ability and expressive power are inevitably weaker than natural language. In the understanding of natural language, it is difficult for formal language to fully describe how lexical devices are related to syntactic structures, thus forming the meaning of sentences, which is also an important reason for errors in computer recognition of natural language. Of course, with the development of corpus construction and corpus linguistics, the rationalism method based on syntactic-semantic rules, which was mainly used by computers in dealing with natural languages, has taken a back seat. Nowadays, the natural language processing technology has introduced statistical mathematics methods, and gradually reduced errors with the support of matching search and automatic learning methods.

Cognitive science holds that thinking and cognition are logical operations of knowledge, while computerized natural language analysis mainly depends on the expression of logical language. From the perspective of behaviorism, if the machine has a computer language, and it is constantly strengthened and more accurate in the operation execution and use the day after tomorrow, it is a kind of acquisition and consolidation. In this sense, computer language seems to be its natural language for computers. However, although natural language and computer language each contain many kinds, the reasons for their diversity are different. Different from the differences of history, culture and region, computer language is developed for different needs when writing programs. Therefore, the connotation of natural language and computer language is different. Fundamentally speaking, the mind embodied by natural language is different from that expressed by computer language.

Natural language and mind

If natural language is the tool of human expression and the medium of thinking, then the relationship between natural language and mind is inseparable. To a certain extent, people’s ability to use language is one of the manifestations of mental ability. Mind is different from intelligence. Mind is a part of intelligence, which refers to people’s abilities of perception, feeling, memory, learning, understanding and innovation.

Mental ability includes the understanding of natural language. When using natural language in daily life, we can get the pronunciation, image and connotation of the described object at the same time. In our daily life, whenever we hear someone describe something or see someone pointing to an object, we will remember what this thing is called and say the same words when we refer to that thing again in the future. We can also experience all kinds of emotions and feelings in the sentence from other people’s voices, movements, expressions and eyes, as well as body movements, tones and tones. That is to say, in natural language, the meaning of words is not limited to the meaning of a single word, but also includes the appearance of the referent, pronunciation, the intention of the narrator and the context at that time. The meanings of natural language are fully embodied in social communication and dialogue. A comprehensive grasp of these meanings requires mental ability, and vice versa. As Chomsky said: the surface rule of words forming sentences is grammar, but the real meaning of sentences is reflected in the deep structure. The deep structure is related to the surface structure through some mental operations. In other words, the connection between all words, sounds and meanings of natural language is based on the grammatical structure on the basis of mind.

Furthermore, the study of natural language is also a reflection of mental ability. Psychologists represented by Chomsky believe that language and grammatical structure are the essence and characteristics of human mind. No matter how different language users are in individual experience and ability, they will complete the task of constructing language theory system in a very similar way. We are endowed with cognitive structure and language ability in our minds, and gradually strengthen our grasp of grammar rules in the application of acquired knowledge. "On a basic level, we humans are not learning languages. The real situation is that languages grow up in our minds."

Different from Chomsky, Quine’s language theory is based on empiricism and behaviorism. He opposes both the thorough empiricism reductionism and the pure transcendental knowledge. He believes that the reason why language can express meaning depends on the acquisition of behavior, and people’s mental ability embodied in language behavior is gradually acquired. The mental ability to master and use a language is acquired and can be strengthened through training. In Quine’s view, our ability to master language comes from public knowledge, which is a kind of inheritance of human common experience and knowledge background, rather than a priori existence: "Even if we want to talk about a unique quality of sensory awareness, most of us have to turn to public objects, the color of oranges, the taste of rotten eggs, and so on. To continuously access the previous sensory data, it also depends on the reference object. Of course, we should explore the sensory awareness and sensory stimulation behind the daily discourse about objects, but these are the background of concept formation or language, not their underlying structure. "

According to Chomsky’s theory, the initial inner nature that we give to an intelligent computer can be counted as its innate "mind", of course, such a mind is given by people and is incomplete. According to Quine’s theory, under the premise of being constructed, the computer has acquired the knowledge background and can continuously strengthen its language ability in learning, which seems to mean that it is possible to obtain real intelligence in intensive learning, including the same level of language intelligence as people.

Machine language and mind

In the famous Turing test of artificial intelligence, if a person can have a long enough conversation with a machine, if the interlocutor can’t tell whether the answer comes from a machine or a person, then it is judged that the machine is intelligent. It can be seen that the main ability of Turing’s intelligent computer is the ability to understand and use language. The test defines the intelligence of the machine as several aspects: the machine should be able to answer the questions of input text; Be able to explain the meaning of words; Able to understand sentences composed of words; Be able to translate one language into another. Language ability is an important criterion to judge whether a computer has intelligence. It can even be said that from the mechanism of Turing test, language ability can be equated with intelligence.

If intelligence must master language ability, as mentioned above, although the natural language used by human beings has vague and ambiguous contents, its expressive power is indeed stronger than that of formal language. If a computer wants to have real intelligence, it must have the ability to understand natural language in different contexts. However, this ability is almost impossible in the existing technology. Dreyfus mentioned in What Computers Can’t Do that one of the difficult problems for machines to acquire intelligence is to solve the ambiguity in language. Although there is now the support of enhanced matching search and big data, the ambiguity problem of natural language has been partially solved on the surface. However, if we can really understand and use a language by referring to the way we use natural language, we need to master the necessary reasoning rules (including expert knowledge reasoning and common sense reasoning), but also have the ability to understand and comprehend the context. With this ability, you can be considered to have a mind and intelligence.

When discussing machine intelligence and mind, many researchers hope to get inspiration from the generation and structure of human intelligence. From simple development to complex thinking, human intelligence seems to have rules to follow, but if you consider it carefully, even the simplest and most elementary intelligence involves the cooperation of millions of brain cells and muscle cells on a large scale. These simple behaviors are embedded with too much intelligence, which are deep mental abilities that are not realized in daily speech and behavior. Language intelligence, as one of them, if we consider the source of language mechanism and its role in the sudden qualitative change of human intelligence, at least two basic problems will appear: first, the core semantic content of the smallest meaningful element, including the simplest element. Second, the principle of allowing unlimited combinations of symbols. If we want to analyze the physiological structure and logical structure produced by human mind step by step, we will try to endow the machine with mind by imitating this structure. It is bound to face two dilemmas: first, the human brain is a black box that cannot be completely mastered; Second, the mind, as a non-physical but real existence, is an elusive existence for technology.

From the standpoint of mentalism, it is impossible for a computer to have the same mental ability as human beings, although it can acquire more sophisticated and accurate natural language processing technology with the development of technology, and it can understand all instructions of natural language in operation and execution. From the standpoint of behaviorism, if a machine has the same language ability as human beings and can understand and express natural language, it seems that it can be considered as a machine with mind. However, the inevitable problems in the transformation between natural language and formal language also indicate that imitation based on behaviorism cannot be exactly the same as human beings.

conclusion

With the development of technology, the number of natural language texts that can be processed by computers has been increasing. Under the application requirements of text mining, information extraction, cross-language information processing, human-computer interaction and so on, the research on computer natural language processing is also advancing. However, natural language is directional and logical in description and expression, and conveys and carries culture. This means that natural language is not only a combination of some words and symbols, but also different from formal language. Although natural language is also used under certain logical grammar and has the functions of communication, exchange, expression and creation, it also has cultural attributes. The acquisition of a language not only includes the use of words and grammatical rules, but also includes the understanding and recognition of a culture. At this level, no matter how much the existing intelligent machines deal with natural languages, they have not yet possessed real intelligence. Therefore, we can take the normal use of language as extremely clear empirical evidence to prove that other creatures have the same mind as us, but not as discriminatory evidence of the source of mind and human ability.

Descartes said that "language is the core symbol of human thinking", which means that language ability and human thinking ability are inseparable and language ability is the representation of human mind. He also pointed out that two important abilities of human mind, understanding and will, cannot be realized by machines (automata). Because the mind has no substance, it is impossible for automata to create the mind by imitating the surface structure anyway. Descartes’ prediction is still correct today, although it lacks the integrity of argument. The use, expression and creation of language is an important content of human intelligence. If the intelligent machine in the future will have the same or even stronger intelligence as human beings, then it must have the same understanding and application ability as human language ability. This can’t be done at the existing computer language level. As for whether machines can learn "foreign languages" by new breakthrough technologies in the future, that is another question.

References:

Dreyfus. What Computers Can’t Do: The Limits of Artificial Intelligence [M]. Joint Publishing Company, 1986.

Noam Chomsky. Language and Mind [M]. Renmin University of China Press, 2015.

Selected Works of Noam Chomsky Chomsky’s Philosophy of Language [M]. The Commercial Press, 1992.

Noam Chomsky. Some Problems of Syntactic Theory [M]. China Social Sciences Press, 1986.

Quine. Words and Objects [M]. Renmin University of China Press, 2012.

Wittgenstein. Philosophical Studies [M]. The Commercial Press, 2000.

Frege. Selected Works of Frege’s Philosophy [M]. The Commercial Press, 2006.

An exclusive class visit to "Terminator": an exclusive interview with "Dragon Mom" Amelia and Courtney

    1905 movie network news Emilia Clarke, the "Dragon Mother", is the most popular one among a bunch of British actors, because her new film will be released soon. The actress, who was worried about a monthly rent of 1,000 pounds a few years ago, just celebrated her 28th birthday happily this year. See, even if I hurt my legs, the Luns still smile from ear to ear.

On June 19th, Amelia attended the publicity activity of Terminator: Genesis on crutches.

    In July last year, Xiao Bian was lucky enough to be invited by Paramount Pictures to visit the filming location of Terminator: Genesis in New Orleans, USA. In this new trilogy, Sarah Connor and kyle reese are played by Emilia Clarke and jai courtney respectively. Before Xiaobian takes you into the two interviews, let’s sort out the story and prevent possible time and space confusion and fine points.

From 1984 to 2015, which version of Sarah Connor do you like best?

    In 1984, James Cameron, his father, used linda hamilton, a blonde, to play Sarah Connor, a weak female college student. As we all know, Sarah is the mother of human leader kate connor. In 2029, in order to prevent the villain T-800 from going back to the past and killing his mother, John sent a soldier kyle reese to save Sarah in 1984. As a result, they fell in love and gave birth to John’s sequel "Terminator: Judgment Day" in 1991. Sarah has become a well-trained full-muscle, zero-fat modern female warrior image, and T-800, Recently, Internet language likes to use three words to summarize incisive sentences, so if three words are used to explain the central plot of Terminator series, that is "killing Nima".

Sarah’s lover, kyle reese, has also been updated, and the most robust one is the new version of jai courtney.

 

    In 2011, Paramount Pictures announced that it would restart Terminator, and it would make three films with brand-new cass and visual technology. The storyline would have nothing to do with Cameron’s version, and it would be three independent chapters. The first part will be released in the world on July 1st this year, and the date of China’s introduction has not been fixed. The whole story revolves around Terminator, kate connor, Sarah Connor, kyle reese and T-1000. In 2029, after the "Judgment Day", the decisive battle between human beings and machines began. kyle reese volunteered and was sent back to Sarah Connor, the biological mother who protected herself in 1984, by kate connor, the leader of the human resistance. Back in the past, kyle reese encountered the liquid metal terminator T-1000, and was rescued by heavily armed Sarah Connor driving a truck. Sarah told Kyle that 1984 no longer existed, and the T-800 that tried to kill Sarah that year had been killed by the terminator of the old version. This old version of Terminator is also a T-800 series, or played by Schwarzenegger of the old version of Terminator. It is called "Guardian" in the new film and is a key figure in training Sarah and raising John. Kyle, who fought alongside Sarah, needs to defeat the T-1000, correct the time channel and return to the future world. But,On the way, the three men met a more powerful robot T-3000, and his human face completely imitated kate connor, which made Sarah completely unable to do it. After reading this, I believe that the audience who have been constantly improving the concept of time and space through the drama "Palace" series and "The Vampire Diaries" can easily control this small case plot.

Kyle reese found himself in the wrong era, and the old song "We can’t go back, can we?"


On the day of the interview, Emilia Clarke and jai courtney appeared in front of us in costumes. Amelia wore a ponytail and a suit of black bullet-proof clothing, and she smiled lovely, just like a "neighbor" female soldier.

Amelia is 157 and weighs 114 Jin. Jin Jin is a treasure.


Movie network:Compared with Game of Thrones, what is the action intensity of Terminator?

Amelia: Not the same level. I want to be trained in martial arts, firearms and close combat. In Game of Thrones, all I have to do is talk to the air. Dragons are added later. Here, we are all serious and exciting.

 

Movie network:The first time you played against Schwarzenegger, how did you meet for the first time?

Amelia: He is a legend, so when I first met him, I was very nervous. However, I didn’t expect him to be so approachable and make me laugh from time to time, which immediately made me look forward to working with him.

A screw of Egongyan Track Bridge in Chongqing is broken. Bridge expert: A comprehensive inspection is needed.

  Chongqing Rail Transit (Group) Co., Ltd. (hereinafter referred to as Chongqing Rail Group) announced on the evening of January 19 that at noon on January 18, a sling fork ear screw of Egongyan Rail Bridge on the subway ring line was abnormal, and Chongqing Rail Group immediately launched an emergency plan, and the operation of the Olympic Sports Center on the ring line was suspended from Xiejiawan to Strait Road.

  At the same time, Chongqing Rail Group quickly organized relevant experts and technicians to carry out emergency treatment, and technicians will conduct a comprehensive inspection of the bridge sling system.

  Zhou Shuixing, director of the Bridge Engineering Department of the School of Civil Engineering, Chongqing Jiaotong University, told The Paper (www.thepaper.cn) after seeing the multi-angle photos on the spot that the screw fracture should be related to the material and stress, and other screws should be inspected comprehensively after this happens. He said that it may only be necessary to replace the screw, which will have little impact on the whole bridge.

  Broken sling fork ear screw

  Chongqing Railway has repeatedly sent messages saying that it has investigated hidden dangers and apologized.

  On the afternoon of January 19th, the news that there was a problem with the sling of Egongyan Track Bridge spread in many WeChat groups in Chongqing. According to the information released by Chongqing Railway Group, the sling failure occurred at noon on January 18th. The Paper checked the official Weibo and found that at 13: 04 on January 18th, Chongqing Rail Group released the news of the first ring road facility failure.

  The news said, "Due to the hidden dangers of the subway ring line equipment and facilities, the staff are actively investigating, which has caused the operation of the Olympic Sports Center from Xiejiawan to Haixia Road to be blocked. Please cooperate with the station staff to guide and wait in an orderly manner or transfer to other means of transportation."

  At 13: 41 on January 18th, Chongqing Rail Group released the second operation emergency message through Guanwei, saying, "The operation of the Olympic Sports Center from Xiejiawan to Strait Road is blocked due to hidden dangers in the facilities of the subway ring line. In order to maintain the operation to the maximum extent, the Olympic Sports Center is now running through Ranjiaba to Strait Road, and the bus connection between the entrance and exit of the Olympic Sports Center Station 5B and the entrance and exit of Strait Road Station 3A is started."

  Since then, Chongqing Rail Group has released information twice at 23: 04 on January 18th and 10: 22 on January 19th, indicating that hidden dangers of equipment and facilities are still under investigation and rectification.

  Then, Chongqing Rail Group issued a letter of apology for "the inconvenience of passengers’ travel due to the inability of the loop train to operate normally on time for some reason". In the letter of apology, the group said that it would further improve the maintenance and emergency rescue capabilities of rail transit system equipment, minimize the occurrence of emergencies, and let rail transit give full play to its advantages of "safety, speed, punctuality and comfort".

  Upper part of broken sling fork ear screw

  Trial operation of the involved track bridge in 2019

  The Paper inquired about Chongqing local media reports and found that in 2014, the construction of Egongyan Track Bridge started, which was undertaken by China Railway Construction Bridge Engineering Bureau. In October 2019, the bridge began trial operation of the track loop.

  According to chongqing morning post, Egongyan Rail Bridge is located between Haixia Road Station and Xiejiawan Station of rail transit loop, connecting Nan ‘an District and Jiulongpo District of Chongqing, and it is an important node bridge of rail transit loop across the Yangtze River. The total length of the bridge is 1650.5 meters. It is a self-anchored suspension bridge with five-span continuous steel box girder, twin towers and double cable planes, and the main span reaches 600 meters. Its span ranks among the top suspension bridges for rail transit in the world, and it is also the self-anchored suspension bridge with the largest main span in the world.

  It is worth mentioning that Egongyan Track Bridge is located about 45 meters upstream of Egongyan Bridge. The height of the two bridges is basically the same, and they are known as twin sister bridges.

  Official website, China Railway Construction Bridge Engineering Bureau Group Co., Ltd., said when introducing Egongyan Track Bridge that Egongyan Track Bridge is the key project of Chongqing Rail Transit Loop Phase II. The self-anchored suspension cable of five-span continuous steel box girder with twin towers and double cable planes with a main span of 600 meters is the "most" self-anchored suspension bridge in the world, compared with the self-anchored suspension bridge with the second largest span in the world at that time — — The bridge on Muhu Island in Estonia is 120 meters long. The main tower of the bridge is 153 meters high, which is equivalent to 50 stories high. The main construction difficulties include the excavation of main tower foundation, the construction of main tower, the installation of steel box girder of cable-stayed bridge, the installation of main cable of suspension bridge, system transformation and the construction monitoring of the whole bridge. The construction standard is high, and it is risky and challenging. It is the first case in the world to adopt the method of "cable-stayed first and then suspended cable" in organizational construction.

  Broken sling fork ear screw

  Bridge expert: Fracture is related to material and stress.

  Zhou Shuixing, director of the Department of Bridge Engineering, School of Civil Engineering, Chongqing Jiaotong University, looked at the multi-angle photos at the scene and said that the fracture of the sling fork ear screw was related to its material and stress. It may have little impact on the whole bridge, just change the suspenders.

  Regarding "will other screws face the same fracture", Zhou Shuixing said that the bridge should be physically examined every year and inspected daily. Generally, after this problem occurs, other screws should be thoroughly inspected.

  However, Zhou Shuixing also said that the vibration caused by the running of the vehicle is somewhat unfavorable to the sling fork ear screw, and vibration reduction measures can be taken. But we can’t find out why until the test results come out.

The Ministry of Commerce held a press conference to introduce the development of China’s foreign trade.

peakDear journalists and friends, good morning. Welcome to the regular press conference of the Ministry of Commerce. Today, I first have four pieces of information that I need to take the initiative to inform you.

I. Development of China’s foreign trade from January to May this year.

Since the beginning of this year, China’s foreign trade development has continued to maintain a steady and positive trend, and its quality and efficiency have been further improved.

It mainly has the following characteristics: from the international market, China’s import and export to traditional markets such as the United States, the European Union, Japan and Hong Kong increased by 5.3%, 7.3%, 4.5% and 6.8% respectively. Imports and exports to countries along the "Belt and Road" increased by 11.1%, which was 2.3 percentage points higher than the overall growth rate; Imports and exports to ASEAN increased by 11.9%, which was 3.1 percentage points higher than the overall growth rate. The country markets with rapid growth are Russia, Indonesia, Vietnam, etc., with growth rates of 18%, 16.5% and 24.4% respectively.

From the perspective of commodity structure, the structure of export products has been continuously optimized. The export of mechanical and electrical products was 3.61 trillion yuan, up 7.9%, 2.4 percentage points higher than the overall growth rate, and the proportion increased by 1.3 percentage points to 58.8%. Some imported commodities achieved rapid growth, and the total import value of 10 categories of bulk commodities such as natural gas, crude oil and coal increased by 10.9%.

From the perspective of business entities, foreign-funded enterprises are still an important force in China’s foreign trade development, with the proportion of private enterprises growing steadily and the import and export of state-owned enterprises developing healthily. The import and export of private enterprises was 4.52 trillion yuan, an increase of 11.7%, accounting for 1 percentage point higher than that of the previous year to 38.9%, and it continued to maintain its position as the largest export business entity; The import and export of state-owned enterprises was 2.11 trillion yuan, up by 13.8%, accounting for 18.1% of China’s total foreign trade. The import and export of foreign-funded enterprises was 4.95 trillion yuan, up 4.3%, accounting for 42.6%.

In terms of trade patterns, the proportion of general trade continued to increase, processing trade increased slightly, and border trade developed rapidly. In the first five months of this year, the import and export of general trade was 6.84 trillion yuan, up by 12.7%, and the proportion increased by 2 percentage points to 58.8%. The import and export of processing trade was 3.09 trillion yuan, up by 1.7%, accounting for 26.5%. Small-scale border trade developed rapidly, with the import and export reaching 104.29 billion yuan, an increase of 15.2%.

From the perspective of domestic regions, the eastern region continues to grow steadily, and the proportion of the central and western regions continues to increase. In the first five months of this year, the import and export of the central and western regions reached 1.81 trillion yuan, an increase of 16.7%, and the proportion increased by 1.1 percentage points to 15.6%. The import and export of the eastern region was 9.82 trillion yuan, an increase of 7.4%, accounting for 84.4%.

Two, about China’s foreign investment cooperation in the first five months.

From January to May 2018, domestic investors in China made non-financial direct investments in 2,987 overseas enterprises in 149 countries and regions around the world, with a cumulative investment of 47.89 billion US dollars, up 38.5% year-on-year, and maintained growth for seven consecutive months. The turnover of foreign contracted projects was US$ 56.88 billion, up 12.9% year-on-year; The amount of newly signed contracts was US$ 85.49 billion, up 13.4% year-on-year. Foreign labor cooperation sent 178,000 laborers of various types, and at the end of May, there were 998,000 laborers abroad, an increase of 69,000 over the same period last year.

In the first five months of this year, China’s foreign investment cooperation maintained a steady and healthy development, mainly with the following characteristics:

First, investment cooperation with countries along the Belt and Road has been steadily advanced. From January to May, Chinese enterprises made new investments in 54 countries along the Belt and Road, totaling 5.93 billion US dollars, up 8.2% year-on-year. The newly signed foreign contracted projects in countries along the "Belt and Road" amounted to 36.22 billion US dollars, accounting for 42.4% of the total in the same period; The completed turnover was USD 30.74 billion, accounting for 54% of the total amount in the same period.

Second, the industrial structure of foreign investment has been continuously optimized, and irrational investment has been effectively curbed. From January to May, foreign investment mainly flowed to leasing and business services, manufacturing, mining, wholesale and retail, accounting for 29.9%, 15%, 12.3% and 7.6% respectively. There are no new projects for foreign investment in real estate, sports and entertainment.

Third, the eastern region is still the main force of foreign investment, and enterprises in the three northeastern provinces are increasingly active. From January to May, the total foreign investment of 10 provinces and cities in the eastern region was US$ 27.72 billion, up 75.4% year-on-year, accounting for 78.1% of local foreign investment. The foreign investment of the three northeastern provinces was US$ 1.43 billion, an increase of 88.2% over the same period of last year.

Fourth, there are many newly signed large-scale projects for foreign contracted projects, which plays an obvious role in promoting exports. From January to May, there were 274 projects with newly signed contracts worth more than 50 million US dollars, totaling 73.08 billion US dollars, accounting for 85.5% of the total newly signed contracts. Foreign contracted projects drove the export of goods to 7.54 billion US dollars, a year-on-year increase of 25.7%.

In the first five months of this year, 3,373 foreign-invested enterprises were put on record or approved by the relevant authorities, with an agreed investment of US$ 45.503 billion from China. Among them, 3,356 non-financial foreign investment enterprises have been registered or approved, and the Chinese agreed investment is 42.015 billion US dollars; 17 financial foreign investment enterprises have been put on record or approved, with an agreed investment of US$ 3.489 billion.

Iii. About the situation of absorbing foreign capital in the first five months of this year.

From January to May 2018, the national absorption of foreign capital mainly has the following characteristics:

First, newly-established enterprises continued to grow rapidly, and the actual use of foreign capital rose slightly. From January to May, 24,026 foreign-invested enterprises were newly established nationwide, with a year-on-year increase of 97.6%. The actually utilized foreign capital was 345.59 billion yuan, up 1.3% year-on-year (equivalent to 52.66 billion US dollars, up 3.6% year-on-year).

In May, 5,024 foreign-invested enterprises were newly established nationwide, up by 106.5% year-on-year; The actual use of foreign capital was 58.81 billion yuan, up 7.6% year-on-year, equivalent to 9.06 billion dollars, up 11.7% year-on-year.

Second, the high-tech manufacturing industry maintained a rapid growth momentum. The actual utilization of foreign capital in manufacturing industry was 100.42 billion yuan, up 12.3% year-on-year, accounting for 29.1%. The actual use of foreign capital in high-tech industries increased by 9.8% year-on-year, accounting for 20.5%. The actual use of foreign capital in high-tech manufacturing industry was 33.69 billion yuan, a year-on-year increase of 61.9%. Among them, pharmaceutical manufacturing, electronic and communication equipment manufacturing, medical equipment and instrumentation manufacturing increased by 12.3%, 56.4% and 442.3% respectively. The actual utilization of foreign capital in high-tech service industry was 37.24 billion yuan, of which the transformation service of scientific and technological achievements increased by 4.1% year-on-year.

Third, the absorption of foreign capital in the central and western regions continued to grow, and the growth rate of foreign capital in the Pilot Free Trade Zone was ahead of the whole country. The actual utilization of foreign capital in the central region was 24.19 billion yuan, up 40.1% year-on-year, and that in the western region was 22.77 billion yuan, up 11.9% year-on-year. There are 3,358 foreign-invested enterprises newly established in 11 pilot free trade zones, up 10% year-on-year. The actual utilization of foreign capital was 40.78 billion yuan, up 14.1% year-on-year, accounting for 11.8% of the whole country.

Fourth, among the main sources of investment, investment in Singapore, South Korea, Japan, the United States, the United Kingdom, and Macao increased significantly. The actual investment increased by 33.9%, 66.9%, 5.1%, 16.3%, 56.9% and 72% respectively.

The actual amount of foreign investment in ASEAN increased by 38.9% year-on-year; Investment in countries along the Belt and Road increased by 38.8% year-on-year.

Four, about the situation of China’s cultural trade in the first four months of this year.

From January to April 2018, China’s cultural trade and investment grew steadily, and the total import and export of cultural products and services reached US$ 36.96 billion, a year-on-year increase of 13.5%. Among them, the total import and export of cultural products was US$ 25.51 billion, a year-on-year increase of 9%; The total import and export of cultural services was US$ 11.45 billion, up 25.1% year-on-year. The foreign investment of culture, sports and entertainment industry was 730 million US dollars, a year-on-year increase of 7 times, accounting for 2% of China’s total foreign investment. Mainly has the following characteristics:

First, the scale has steadily increased. From January to April, the export of cultural products reached US$ 22.43 billion, a year-on-year increase of 7.3%; Imports reached US$ 3.08 billion, up by 23.7% year-on-year; the trade surplus of cultural products reached US$ 19.35 billion; the export of cultural services reached US$ 2.41 billion, up by 9.4% year-on-year; imports reached US$ 9.04 billion, up by 30% year-on-year; and the trade deficit of cultural services reached US$ 6.63 billion.

Second, the structure tends to be optimized. The import and export of cultural services accounted for 31% of the total cultural trade, an increase of 3 percentage points over the same period last year. In the export of cultural services, license fees for audio-visual and related products, cultural and entertainment services and advertising services increased by 44.1%, 32.3% and 24.6% respectively, accounting for 85% of the export of cultural services, accounting for an increase of 11 percentage points. In the export of cultural products, the export of cultural special equipment and publications with high added value increased by 13.6% and 6% respectively.

Third, the market is more diversified. China exported 4.57 billion US dollars of cultural products to countries along the "Belt and Road", up 10.7% year-on-year, accounting for 20.4% of the total export of cultural products, accounting for an increase of 0.7 percentage points. The export of cultural products to "BRIC countries" such as Brazil, Russia, India and South Africa reached 1.34 billion US dollars, up 35.2% year-on-year.

The above is the information I need to inform you on my own initiative, and I would like to answer the questions raised by journalists and friends below. Please ask questions below.

CCTV journalistPlease tell us what consensus, achievements and highlights the SCO Qingdao Summit has reached in economic and trade cooperation.

peakThe Qingdao Summit of the SCO has achieved many achievements in the economic and trade field, which has injected new impetus into regional economic cooperation. Mainly reflected in the following three aspects:

First, continue to promote trade facilitation in the region. During the summit, the heads of member countries jointly issued the Joint Statement on Trade Facilitation, which will promote the process of trade facilitation among member countries and promote the growth of trade by simplifying customs procedures, reducing import and export procedures and improving transparency. The SCO countries actively participate in and support the China International Import Expo to be held in Shanghai in November this year, which will build a strong cooperation platform for expanding inter-regional trade.

The second is to increase efforts to support the cooperation of SMEs. All parties stressed the importance of strengthening cooperation in e-commerce, developing service industry and service trade, and supporting the development of small and medium-sized enterprises, and jointly signed a memorandum of understanding to promote cooperation among small and medium-sized enterprises. By supporting exhibition forums and organizing seminars and training, they will promote cooperation among small and medium-sized enterprises in various countries in e-commerce, innovative research and development, and stimulate the potential of regional economic cooperation.

The third is to issue a common voice in support of the multilateral trading system. In the Qingdao Declaration, the heads of member states emphasized their support for improving the global economic governance system, consolidating the multilateral trading system and safeguarding the authority and effectiveness of the World Trade Organization, and issued a unanimous voice against the fragmentation of international trade relations and trade protectionism. Thank you.

Central Radio and Television General Station Yang Guang reporterOn the issue of the Qingdao Summit of the SCO, we have noticed that the Chairman of the Supreme Leader mentioned that he supports the construction of a demonstration zone for local economic and trade cooperation of the Shanghai, China Cooperation Organization in Qingdao. What specific functions will this demonstration zone undertake? What’s the goal? What are the main areas of cooperation with SCO member States?

peakEconomic and trade cooperation is an important engine for the development of the SCO. Building a demonstration zone of China-SCO local economic and trade cooperation in Qingdao is to give full play to Qingdao’s geographical advantages and the functional advantages of land-sea combined transport, and to build a new platform for economic and trade cooperation between China and SCO countries. At present, Qingdao is working with relevant departments to further improve the work plan of the demonstration zone, initially considering exploring the mode of two-way interaction at home and abroad, focusing on developing modern service industries such as trade logistics and cross-border e-commerce, and promoting trade and investment cooperation among SCO countries and regions. At the same time, through the demonstration construction of local economic and trade cooperation, China enterprises are encouraged to actively participate in the construction of overseas economic and trade cooperation parks in other SCO countries, carry out cooperation in processing and assembly, agriculture, logistics and other fields, explore convenient customs clearance modes, and build a service platform for two-way trade and investment.

We will actively support the construction of Qingdao Demonstration Zone and promote the pragmatic economic and trade cooperation among SCO countries to achieve new results. Thank you.

Guoguang reporter from Central Radio and Television General StationPresident Supreme Leader and President Putin held the first meeting between the two heads of state this year in Beijing on the 8 th. What achievements have the two sides made in the economic and trade field during the meeting? What role will it play in promoting bilateral economic and trade relations in the future?

peakDuring the meeting between the heads of state of China and Russia, China and Russia reached a number of important consensuses on pragmatic economic and trade cooperation, signed a series of pragmatic cooperation documents and achieved fruitful results.

With regard to the connection between the Belt and Road Initiative and the Eurasian Economic Union, the two sides signed the Joint Statement on Completing the Joint Feasibility Study of the Eurasian Economic Partnership Agreement, and will hold consultations on issues related to service trade, investment, e-commerce, economic and technological cooperation, small and medium-sized enterprises and trade in goods in the future negotiations of the Eurasian Economic Partnership Agreement. This will help to promote the establishment of a comprehensive, high-level trade and investment liberalization arrangement in Europe and Asia that will be open to other economies in the future.

In terms of trade and investment, the two sides signed the Memorandum of Understanding on Cooperation in the Field of E-commerce, and agreed to set up an e-commerce cooperation working group to strengthen cooperation in policies and regulations, information exchange, local cooperation, joint research and e-commerce platforms. It will create favorable conditions for the development of cross-border e-commerce trade between the two countries. In addition, the two sides also signed the Memorandum of Understanding on Strengthening Investment Cooperation, agreeing to promote the implementation of key investment cooperation projects and support small and medium-sized enterprises to strengthen investment cooperation.

In terms of strategic large-scale projects, the two sides signed seven documents on four projects in the nuclear field, and decided to cooperate on major projects such as demonstration fast reactors. This is by far the largest cooperation project in the nuclear field between the two countries, which will strongly promote bilateral trade and industrial cooperation. In the space field, the two sides signed the Memorandum of Understanding on Cooperation in the Field of Moon and Deep Space Exploration. In the field of transportation, the two sides signed an intergovernmental agreement on international road transport, which will further promote the facilitation of international road transport.

Generally speaking, the economic and trade achievements reached during the meeting between the heads of state of China and Russia are fruitful, which fully reflects the close economic and trade relations between the two countries and lays a solid foundation for the level of economic and trade cooperation between the two countries to reach a new level in the new era. Thank you.

Economic information daily reporter】 At the beginning of June, the the State Council executive meeting decided to substantially reduce the tariffs on imported goods, including washing machines and refrigerators. I would like to ask the Ministry of Commerce, this year is 40 years of reform and opening up. What will be the next step in increasing exports?

peakWhile actively expanding imports, we will also strive to promote exports, promote superior import and export of foreign trade, and achieve balanced development.

As we all know, export has been an important driving force of the national economy for 40 years since the reform and opening up, and it is known as one of the "Troika" and plays an irreplaceable role in China’s economic development and industrial upgrading. Since 2009, China has become the world’s largest exporter of goods.

In the new era, China’s economy has entered a stage of high-quality development, and exports are also facing the problem of high-quality development. In the next step, China’s export development will not simply pursue scale and speed, but pay more attention to quality and efficiency. In terms of endogenous motivation, we will focus on cultivating new advantages in export competition, no longer at the expense of resources and environment, nor simply relying on low-cost human resources, but highlighting new core competitiveness such as technology, brand and service. In terms of export market, we will continue to promote market diversification, increase the development of emerging markets, and meet the diversified needs of different markets.

In short, we will strive to promote the transformation of China’s exports from scale and speed to quality and efficiency, and continue to play a role in promoting the high-quality development of the national economy. Thank you.

Shanghai securities news reporterLast Friday, the customs released the import and export data for May, which showed that the trade surplus of goods in the first five months reached 99.67 billion US dollars, and the data released earlier by the Ministry of Commerce showed that the deficit of service trade in the first four months had reached 88.24 billion US dollars. Therefore, some analysts say that the deficit of service trade may exceed the surplus of goods trade from January to May, and the deficit of service trade in the whole year may exceed $300 billion. May I ask the spokesman, what do you think of the expanding trend of the current service trade deficit? What specific measures will the Ministry of Commerce take to promote the development of service trade?

peakThe trade situation is closely related to a country’s industrial development level and market demand. At present, the development of China’s service trade conforms to the universal law of international economic and trade development, and also reflects the level and stage of China’s economic development.

From the international experience, it is a universal law that there is a service trade deficit in the process of transformation of manufacturing powers. I have a set of figures here: since statistics were available in 1980, the service trade between Japan and Germany has been in deficit for 36 consecutive years. In 1999, Germany’s service trade deficit reached a peak of $60 billion, accounting for 27% of that year’s service trade. In 1990, Japan’s service trade deficit accounted for 34% of service trade. It is predicted that in the next few years, China’s service trade deficit will still expand, and it may develop to a certain extent before it gradually narrows.

Domestically, the service trade deficit is the result of the dual needs of China’s industrial transformation and upgrading and residents’ consumption upgrading. As China’s economy enters the stage of high-quality development, the demand for high-quality service trade products is also increasing. For example, in certain industries such as intellectual property, the demand is increasing rapidly, and the trade deficit is also expanding. On the one hand, it shows that China’s market potential is huge; on the other hand, it should be noted that the overall competitiveness of China’s service industry is still far behind that of developed countries.

In the next step, we will take promoting the healthy development of service trade as an important part of building a trade power, better promote the overall development of the national economy in the new era, and meet consumers’ demand for high-quality services.

First, actively promote pilot demonstrations from point to area. On the basis of summing up the pilot experience, we will promote the relevant experience to the whole country as soon as possible. The second is to cultivate new formats and models and accelerate the digitalization of service trade. Third, build the national brand of "China Service" and cultivate China’s own comprehensive service providers. We hope that through efforts, China’s service trade will be upgraded in scale, its structure will be continuously optimized, and its competitiveness will be continuously enhanced, thus forming a new competitive advantage of China’s open economy in the new era. Thank you.

China news service reporterWe noticed that China’s foreign trade continued to grow at a high level in May. Some analysts believe that the effect of export preemption before the United States imposed tariffs on China was obvious. What do you think of this issue?

peakIn the first five months of this year, China’s foreign trade continued to maintain a stable and positive trend and achieved steady and rapid development, which was the result of the joint action of many factors. First, the demand in the international market is picking up. Since the beginning of this year, the international economy has continued on the track of recovery. According to the forecast of the World Trade Organization, the growth of global trade volume will reach 4.4% in 2018, exceeding the growth rate of the global economy for two consecutive years. Secondly, the core competitiveness of China’s foreign trade is constantly increasing. Despite the pressure of rising factor costs, the transfer of some industries and the competition from other economies, China’s foreign trade is still actively transformed and upgraded under the impetus of the market, and its competitiveness is constantly improved in many aspects such as product quality, grade, brand and service. Third, the rapid growth of imports has also driven the overall growth of foreign trade. With the release of consumption potential in the domestic market and the rising prices of some commodities, China’s imports increased by 12.6% in the first five months of this year, driving the growth of overall foreign trade.

As for the phenomenon of grabbing exports due to your concern about changes in the trade environment, according to our understanding, there are such cases, and some enterprises have increased the number of short orders to avoid risks. But this is not the mainstream and will not affect the steady and healthy development of China’s foreign trade. We will continue to work hard to create a trade environment conducive to transformation and high-quality development for enterprises. Thank you. Here’s the last question.

Macao Australia Asia TV reporterForeign media reported that the French Prime Minister will visit China at the end of the month. Would you please tell us about the current economic and trade situation between China and France? I’d also like to ask you to introduce the consultation plan on WTO reform submitted by France to China. How will China and France jointly speak out against trade protectionism?

peakWith regard to Sino-French economic and trade cooperation, since the establishment of diplomatic relations between China and France, bilateral economic and trade cooperation has developed steadily. In March 2014, the Chairman of the Supreme Leader paid a successful state visit to France, which ushered in a new era of close and lasting comprehensive strategic partnership between the two countries. Bilateral economic and trade relations accelerated in an all-round way and gradually formed an all-round, wide-ranging and multi-level cooperation pattern. At present, France is China’s fourth largest trading partner, the fourth largest source of actual investment, the third largest investment destination and the second largest technology importer in the EU. China is the largest trading partner of France in Asia. In 2017, the bilateral trade volume between China and France reached US$ 54.46 billion, up 15.4% year-on-year, of which China exported US$ 27.67 billion, up 12.1% year-on-year and imported US$ 26.79 billion, up 19.1% year-on-year. In the first four months of this year, the bilateral trade volume between China and France reached US$ 18.64 billion, up 22.5% year-on-year, of which China exported US$ 9.34 billion, up 16.9% year-on-year. China imported 9.3 billion US dollars, a year-on-year increase of 28.7%. The cooperation between the two sides in energy, aviation, pension, environmental protection, finance and other fields is increasingly close.

At present, China has not received the French consultation plan on the reform of the World Trade Organization. As an important member of the European Union, France has always actively supported free trade and opposed trade protectionism. China is willing to make joint efforts with France to safeguard the multilateral trading system, oppose trade protectionism and promote the sustained and healthy development of trade liberalization and economic globalization.

Today’s press conference is over, thank you.

The market value of the four leading liquor stocks broke through one trillion yuan, and the stock price of Maotai reached 473.04 yuan.

  There are 19 liquor stocks in A shares, with a total market value of over 1 trillion as of May 5 this year. Who would have thought that after 26 trading days, the market value of only four leading stocks has exceeded one trillion. Yesterday, the market value of Kweichow Moutai was 594.2 billion, once again exceeding the market value of China Life Insurance of 593 billion.

  Yesterday, the growth rate of the wine-making sector slowed down, only rising by 0.4%, ranking fourth from the bottom in the industry sector, but the market value of its four leading stocks has exceeded one trillion. Beijing Youth Daily reporter noted that as of yesterday’s close, the market values of Kweichow Moutai, Wuliangye, Yanghe and LU ZHOU LAO JIAO CO.,LTD were 594.232 billion, 207.601 billion, 136.91 billion and 71.347 billion respectively, with a total market value of 1,010.09 billion, approaching the total market value of China Agricultural Bank of China of 1,026.2 billion yuan.

  There are 19 liquor stocks in A shares, with a total market value of over 1 trillion as of May 5 this year. Who would have thought that after 26 trading days, the market value of only four leading stocks has exceeded one trillion. It is also known that the total output of A-share liquor companies in 2016 was 1,354,800 tons, accounting for 10% of the national output; The total revenue related to liquor of these 19 listed liquor enterprises was 120.2 billion, and the net profit was 36.455 billion, with an average liquor gross profit margin of 67.07% and an average net profit margin of 18.57%.

  It is worth mentioning that the share price of Kweichow Moutai hit a new closing high yesterday, reaching 473.04 yuan, and its market value not only surpassed Sinopec, but also surpassed China Life again. Yesterday, the market value of China Life was 593 billion yuan. This is the second time that the market value of Kweichow Moutai has surpassed that of China Life Insurance. As early as April 18th this year, the intraday share price of Kweichow Moutai broke through 400 yuan and reached a record high. At the close, Maotai closed at 404.65 yuan, with a stock increase of 2.24%. Its market value reached 508.3 billion yuan, surpassing China Life Insurance, and its A shares ranked sixth. Based on the closing price on April 18th, the market value of China Life was 500.806 billion yuan, while that of Maotai was 508.320 billion yuan, surpassing that of China Life.

  On June 10th, Sinopec, which refined hundreds of millions of tons of oil, was defeated by Maotai, which brewed tens of thousands of tons of wine. As of the close of the day, Kweichow Moutai, with a market value of 585.062 billion yuan, surpassed China Petrochemical’s A-share market value of 583.858 billion yuan, ranking sixth in the total A-share market value.

  On the occasion of the second anniversary of the stock market crash in 2015, the market value of Maotai was only in the early 200 billion. Since then, it has started the "runaway" mode: in 2016, there were only three negative lines on the monthly line, and in 2017, the monthly line was all positive. In July 2016, the stock price broke through 300 yuan with a market value of 394.5 billion yuan; After a small finishing, Kweichow Moutai continued to move upwards, driving the wine-making sector to attack across the board. On April 20th this year, Kweichow Moutai’s share price rose to the top of 400 yuan in one fell swoop, becoming the highest-priced A-share stock, with a market value of about half of Guizhou’s GDP, surpassing Diageo, the world’s veteran champion of spirits, with a market value of 509.68 billion yuan, and becoming the world’s most valuable winery.

  The market believes that the recent surge in the market value of Maotai is not unrelated to its large-scale operation of Maotai College. Maotai College, sponsored by Guizhou, China Maotai Distillery (Group) Co., Ltd., is a non-profit private college at the undergraduate level, which is positioned as an application-oriented college. The number of full-time students is tentatively set at 5,000, and the first five undergraduate majors are brewing engineering, grape and wine engineering, food quality and safety, resource recycling science and engineering and marketing.

  Although Kweichow Moutai has hit record highs, brokers still give it a higher target price and rating. Pacific Securities’ neutral expectation gives Maotai 25 times PE, with a corresponding market value of 860 billion and a corresponding stock price of 685 yuan. TF Securities gave Maotai a 27-fold valuation in 2018 and raised its 12-month target price to 615 yuan; China Merchants Securities maintains its target price of 500 yuan according to 22 times PE in 2018 and continues to strongly recommend it; On the other hand, Shen Wanhongyuan slightly raised its profit forecast based on Maotai’s first quarterly report exceeding expectations, with a one-year target price of 520 yuan, which is 24 times the performance of the 2018 report.

  Text/reporter Liu Shenliang

The Laojun Mountain Scenic Area in Henan Province built a pavilion for the boss, and the employees were required to recite the Tao Te Ching in the year-end assessment.

On December 19th, the official name of Laojunshan Eco-tourism Development Co., Ltd. in Henan Province was "Laojunshan Scenic Area", and the glorious course exhibition hall of Chairman Yang of Laojunshan Wenlv Group was grandly opened! "The article. As soon as this article came out, netizens questioned that "it is too high-profile for the scenic spot to build a glorious course exhibition hall for its boss". In this regard, a staff member surnamed Tan of the administrative office of the scenic spot responded to the cover journalist and said: "This incident is purely a staff error, misunderstood and released the wrong information. At present, the article has been deleted."

"Chairman Yang" is the chairman of the board of directors of Laojunshan Cultural Tourism Group Co., Ltd. in Henan Province. Netizens call him the boss of Laojunshan Scenic Area, and in March this year, he won the "Outstanding Henan People Model". In 2020, on the 13th anniversary of the establishment of the Group, Yang Zhisen was proud of the 700-fold growth rate of scenic spot income. Not long ago, during the 2021 annual assessment of all employees, the scenic spot added a compulsory subject recited by Tao Te Ching. This move was praised by Yang Zhisen, "fully affirming the assessment methods and contents".

Yang Zhisen won the title of "Outstanding Henan Model"

The scenic spot repairs the exhibition hall for the boss?

The company said that Xiaobian misunderstood the deleted article.

The Glorious Course Exhibition Hall of Chairman Yang of Laojunshan Wenlv Group was grandly opened! The screenshot of the article shows, "On the morning of December 19th, the exhibition hall of Chairman Yang’s glorious history of Laojunshan Wenlv Group was grandly opened at 10:00 a.m.", "All the staff entered the museum under the leadership of General Counsel Zhang Ji and saw Chairman Yang’s entrepreneurial history and development history", accompanied by photos visited by relevant leaders. At the scene, "President Yang delivered a speech, thanking the planners and producers for their hard work".

The cover journalist noticed that in the picture of the article, there are indeed "glorious history", "entrepreneurial life" and "a glimpse of the years" in the exhibition hall involving Yang Zhisen’s personal content. Related articles also revealed that the opening ceremony was attended by Gong Xiaoxiao, Chairman of Luanchuan County Federation of Literary and Art Circles, Yang Haibo, Vice Chairman of Luanchuan County Political Consultative Conference, Jin Qingxiu, Chairman of Luoyang Funiushan Cultural Tourism Development Co., Ltd., Liang Xiaobing and Daniel Wei, designers of the exhibition hall, all middle and high-level officials of Laojunshan Cultural Tourism Group, and party member cadres.

As soon as this article came out, it immediately caused netizens to question that "it is too high-profile for the scenic spot to build a personal exhibition hall for its boss."

In response to this matter, a staff member surnamed Tan of the Administrative Office of Laojunshan Scenic Area responded to the cover journalist and said: "This matter is purely a mistake in the work of WeChat WeChat official account Xiaobian, and it was misunderstood and released the wrong information." The staff explained, "The exhibition hall is not the personal exhibition hall of President Yang, but the exhibition room of the 15-year development history of Laojun Mountain Scenic Area. It is only 40 square meters in the office area of the scenic area, and there is no plaque, no listing and it is not open to the public. At present, the wrongly published article has been deleted. "

There are words "glorious course" and "entrepreneurial life" in the exhibition hall.

Donated over 30 million yuan.

This year, he won the "Outstanding Henan People Model"

On March 18th, Guan Hongde, Deputy Director of the United Front Work Department of Luanchuan County Committee and Party Secretary of the County Federation of Industry and Commerce, on behalf of the Henan Federation of Industry and Commerce and the Henan General Chamber of Commerce, presented Yang Zhisen, Chairman of the Board of Directors of Laojunshan Scenic Area, with the honorary card of "Outstanding Henan People".

According to local articles published from the media, Yang Zhisen has been "fully involved and personally involved" in scenic spot planning, project construction, marketing activity planning and scenic spot system formulation for more than ten years. "He has been awarded the honorary titles of Henan Model Worker, Luoyang Special Contribution Award and Luanchuan Tourism Hero".

According to the information released by Luanchuan County Culture, Radio, Film and Tourism Bureau in 2019, "Yang Zhisen, Chairman of the Board of Directors of Henan Laojunshan Wenlv Group Co., Ltd. and Secretary of the Party Branch of the scenic spot … He has repaid the society, arranged more than 1,350 poor villagers for employment and donated more than 30 million yuan to build bridges, roads and schools. Since 2013 alone, 100 poor college students have been funded every year, with a total funding of 1.45 million yuan. "

According to local media reports, in 2000, Luanchuan County decided to take Laojun Mountain as the leading tourism development in Luanchuan. Since then, Laojun Mountain Scenic Area has raised more than 28 million yuan. However, due to the imperfect mechanism, the operation of the scenic area was once in trouble, and its income was far from meeting the construction expenditure. Eventually, the capital chain was broken, resulting in the problems that the construction of tourism service facilities could not keep up and the scenic spot grade was low.

In 2007, Luanchuan county put forward the development strategy of "industry feeds back tourism". As a well-known entrepreneur in Luanchuan county, Yang Zhisen joined the team of industry feeding back tourism. In August 2007, Ruifeng Industry and Trade Co., Ltd. in Luanchuan County operated by Yang Zhisen signed a cooperation investment and development agreement with Laojunshan Forest Farm, and registered and established Laojunshan Eco-tourism Development Co., Ltd. in Henan Province to engage in the development, operation and management of Laojunshan Scenic Area.

Yang Zhisen’s honorary certificate of "Outstanding Henan People’s Model"

The boss said that the income increased by 700 times.

At the end of the year, employees are required to recite the Tao Te Ching.

"Thirteen years of development and construction, more than ten years of careful construction and more than 15 billion yuan of capital investment have made the construction of hardware facilities in Laojunshan basically in place." In August, 2020, the official platform of Laojun Mountain Scenic Area released "Speech by Yang Zhisen, Chairman of the Board of Directors, on the 13th anniversary of the establishment of Laojunshan Wenlv Group", saying that after 13 years of construction, Laojun Mountain Scenic Area has realized the reception capacity of more than 40,000 people, "truly showing the leading position of a new atmospheric scenic spot".

In this "speech", Yang Zhisen is proud of the "achievements" made by the scenic spot over the years. Yang Zhisen said that more than 10 years ago, the annual income of the scenic spot was less than 300,000 yuan, and by 2020, the income has reached more than 200 million yuan. He believes that "the growth rate of 700 times can be described as a 13-year-old naive teenager." According to media reports, in 2020, the scenic spot received 1.5 million tourists throughout the year, and its comprehensive income exceeded 300 million yuan.

The cover journalist found that in his daily work, Yang Zhisen paid special attention to the inheritance of "Laozi culture". In addition to leading a team to the Laozi Museum for investigation and study, he also asked the employees of the company to "learn and truly understand" the connotation of Laozi culture. These ideas have been "implemented" by Laojunshan Wenlv Group in the assessment of employees in scenic spots.

Since December, Laojunshan Wenlv Group has successively carried out the assessment and rating of all tour guides in the second half of 2021 and the assessment of all employees in 2021-reciting the Tao Te Ching, which became a compulsory subject for the first time, and the employees randomly selected chapters on the spot to recite. During the two assessments, Yang Zhisen went to the scene and delivered a speech, "fully affirming the assessment methods and contents".

At the beginning of November, Laojunshan Wenlv Group held a rectification work meeting.

Netizens listed five pits.

Said that I would never go to Laojun Mountain again in my life.

In 2018, some media visited Laojun Mountain Scenic Area in Luoyang and found that unlicensed tourist vehicles shuttled back and forth in the scenic area, public toilets were not cleaned, restaurants did not see business documents, and even tour guides clashed with passengers. Since then, some media have exposed that there is rubbish everywhere on the Jinding platform of the scenic spot because people gather to eat instant noodles, which has been vomited again by tourists and netizens: Is this consistent with the national 5A-level tourist scenic spot?

In January of this year, some netizens claimed to have traveled 1,000 kilometers to the Laojun Mountain scenic spot in Henan, and then vomited on social media, listing the "five pits" in the scenic spot, saying that "it will never come again in this life". These "pits" include: if it doesn’t snow, there is no sea of clouds, tickets and ropeways are extremely expensive, accommodation conditions on the top of the mountain are poor and there are few beds, and garbage can be seen everywhere in the scenic spot.

At the same time, some media have questioned the excessive marketing hype of Laojun Mountain Scenic Area, saying that in order to attract attention, the marketing hype is full of keywords such as "beauty", "Taoist", "ten thousand people" and "cliff". "It is understandable that the scenic spot carries out marketing promotion. However, it is really disgusting to speculate so frequently, so vulgar and so exaggerated. "

At the beginning of November this year, Laojunshan Wenlv Group held a meeting on rectification work, demanding centralized rectification of existing problems in scenic spots. Remediation items include: remediation of environmental sanitation along the scenic spot and environmental materials at various construction sites, delineation of business scope of scenic merchants, standardization of business behavior, unified identification and signs, standardization of traffic control and guidance in scenic spots, and continuous improvement of service quality.

(Reporter Liu Hu Zeng Ye)

The interest rate of the first home is falling, bank lending is accelerating, and the real estate market is expected to improve.

  At present, the real estate market is experiencing a series of positive changes. On the one hand, the interest rate and down payment ratio of the first home loan in many places have declined, and the decline in market sales has narrowed significantly; On the other hand, the financing environment of real estate enterprises continued to improve, and the decline in real estate development investment narrowed.

  Further release demand

  Releasing rigid and improved housing demand is a key measure to promote the healthy and sustainable development of real estate. Reducing the mortgage interest rate and the down payment ratio will help to further release market demand.

  The data shows that in March this year, the interest rate of the first mainstream mortgage in Shell Baicheng averaged 4.02%, a slight decrease of 2 basis points from last month; The average interest rate of the second mainstream mortgage was 4.91%, which was the same as last month. From the perspective of interest rate reduction, the mortgage interest rates in third-and fourth-tier cities dropped the most year-on-year, with the first and second mortgage interest rates dropping by 140 basis points and 75 basis points respectively.

  "As of the end of December 2022, the average interest rate of newly issued personal housing loans dropped by about 140 basis points compared with the end of last year. Except for a few hot cities, the lower limit of the down payment ratio policy in most cities has reached the national bottom line. " Pan Gongsheng, deputy governor of the People’s Bank of China, said that from the demand side, the implementation of differentiated housing credit policies and continuous guidance of the real interest rate and down payment ratio will better support the rigid and improved housing demand.

  At the same time, the speed of bank lending has also increased. The data shows that the average lending period of Shell Baicheng Bank in March was 21 days, which was 7 days shorter than last month. "For banks, housing mortgage loans are still high-quality assets." Ceng Gang, director of the Shanghai Finance and Development Laboratory, said that the credit scale of commercial banks was relatively abundant in the first quarter, which also improved the lending speed to some extent.

  "Driven by a series of policies, there have been some positive changes in the real estate market, mainly in the obvious narrowing of the decline in market sales." Fu Linghui, director of the National Statistics Department of the National Bureau of Statistics, said that in the first two months of this year, the sales area of commercial housing decreased by 3.6% year-on-year, and the decline narrowed by 20.7 percentage points.

  Repair supply-side expectation

  In addition to the demand side, there have also been many positive changes in the supply side. The data shows that the investment in real estate development in the first two months decreased by 5.7% year-on-year, which was 4.3 percentage points narrower than that in 2022. The funds in place of real estate development enterprises decreased by 15.2%, and the decline narrowed by 10.7 percentage points; The prosperity index of real estate development in February was 94.67, which was higher than that in January.

  "At present, China’s economy is stabilizing and picking up, and it is expected to improve, which will help narrow the decline in real estate investment." Lou Feipeng, a researcher at China Postal Savings Bank, said that the financial management department has introduced a number of policies and measures to improve the financing of real estate enterprises, and the financing of credit, bonds and equity has been "three arrows in one go" to continuously alleviate the financial pressure of real estate enterprises.

  Since last year, the financial management department has issued 16 policies and measures to support the stable and healthy development of the real estate market, and has continued to promote the refinement and implementation of the policies. At present, the financial management department is carrying out four actions of "asset activation", "debt continuation", "equity supplement" and "expected promotion" to fully implement the plan to improve the balance sheet of high-quality housing enterprises. At the same time, we will slow down the excessive risk aversion of financial institutions and guide them to provide normal financing. Data show that in January this year, real estate development loans increased by more than 370 billion yuan, an increase of 220 billion yuan year-on-year.

  In addition to improving the financing environment, the credit risk of the real estate industry has also converged. "We believe that in the past, the risk spread trend of housing enterprises has been curbed and the liquidity of housing enterprises has been significantly improved." Hu Gang, vice president of CITIC Bank, said. The 2022 annual report recently released by CITIC Bank shows that by the end of December 2022, the asset quality of the bank’s real estate industry and construction industry continued to show an improvement trend, and the balance of non-performing loans in the two industries decreased by 1.789 billion yuan and 1.251 billion yuan respectively compared with the end of last year.

  "Although the financing environment has improved, the willingness of housing enterprises, especially private housing enterprises, to start new construction is still insufficient." Wen Bin, chief economist of China Minsheng Bank, said that it is expected that the growth rate of real estate development investment will still fluctuate in the process of recovery. Lou Feipeng believes that the main reason for this phenomenon is that the expectations of housing enterprises are still poor, so it is necessary to comprehensively stabilize and improve expectations.

  Increasing confidence remains the key.

  In February this year, the sales price of new commercial housing in first-tier cities rose by 0.2% month-on-month, the same as last month; The sales price of second-hand houses rose by 0.7% month-on-month, with an increase of 0.3 percentage points over the previous month.

  "At present, the rebound of the second-hand housing market and the market heat are slightly higher than those of the new housing market." Wen Bin said that on the whole, the sustainability of the market recovery remains to be seen.

  "The uncertainty of second-hand housing is low, and its demand depends on the expectations of buyers and rigid demand. In contrast, there is uncertainty in new houses, and the failure to deliver some houses on time has affected the willingness of buyers. " Ceng Gang said.

  Luo Yifei, chief statistician of the Investment Department of the National Bureau of Statistics, said that it is necessary to continuously release the rigidity of the real estate market and the demand for improved housing, promote the construction of the "Baojiaolou" project, and gradually boost market confidence. "Last year, ‘ Baojiaolou ’ Policies have played an important role in ensuring people’s livelihood. " Fu Linghui said. At present, the regulatory authorities have launched a special loan of 350 billion yuan for Baojiaolou, set up a loan support plan of 200 billion yuan for Baojiaolou and a loan support plan of 100 billion yuan for rental housing, and guided financial institutions to promote industry restructuring and mergers and acquisitions to speed up the marketization of risks.

  "The most important thing now is to look at the changes in market confidence and demand side, mainly the changes in first-hand housing sales." Hu Wei said. The sale of first-hand houses means that housing enterprises sell new houses directly to individual customers. Its warming means that the funds of housing enterprises are returning to the good, which helps to alleviate the financial pressure of housing enterprises and resolve risks. "In real estate transactions, although the situation varies from place to place, on the whole, the transaction volume of first-hand houses is large, and the recovery of sales represents a rebound in demand, which has certain guiding significance for the judgment of the real estate market trend." Yan Feipeng said.

  "The recent RRR cut implemented by the central bank can increase the medium and long-term loanable funds, which will help enhance the enthusiasm of financial institutions to support the financing of housing enterprises and meet the reasonable financing needs of housing enterprises." Wen Bin said that the RRR cut will release low-cost funds and help support rigid and improved housing demand through differentiated loan interest rates.

  "At present, it is necessary to further stabilize the income growth expectations of residents." Ceng Gang said that for residents, mortgage is a long-term debt, and their willingness to spend and ability to pay debts depend on their stable employment and income growth. Therefore, it is necessary to increase the income of urban and rural residents through multiple channels and maintain the overall stability of the price situation.

The highest price is over 300,000. Are these official modified cars of tank 300 expensive?

The appearance of Tank 300 not only enhances the strength of independent automobile brands in the hard-core off-road field, but also promotes the progress of domestic automobile modification culture to a certain extent. There are as many as four "officially modified" models. Today, let’s take a look at what’s special about these four cars.

The first paragraph, tank 300 tank ranger

Guide price: 253,800 yuan

Co-brand: Yunliang Off-road

This is the first official customized model of the tank 300 in the true sense. It was built by the domestic modified brand Yunliang off-road, and the first batch of models were launched in August 2021. In appearance, the design elements of the tank 300 are largely retained, but the front and rear metal stamping bars and metal side bars are replaced, so that the protection of the car body is more in place, and a winch for rescue or extrication is added to the front bar. Tires and wheels have been replaced with off-road models, and nitrogen shock absorption has been replaced, which can cope with extreme road conditions more calmly. The A-pillar of the vehicle is equipped with a wading throat, and the wading depth can reach 900 mm. The second batch of models that are being booked have also added a trailer power inlet, a trailer square opening and an air conditioning entity button, which further improves the practicality.

(2021 Tank Ranger)

In the interior of the car, Tank Ranger also retains most of the design elements of Tank 300, but its performance in comfort configuration is relatively common. Steering wheel heating and Yanfei Lishi audio are not equipped with these two ordinary high-profile models. In addition, the seat is made of imitation leather, and the front seat has only heating and no ventilation function. It seems that the name of tank ranger is unreasonable, and he is a veritable "rough man".

(2021 tank ranger interior)

The second paragraph, the tank 300 wind forest fighters

Guide price: 270,800 yuan

Co-brand: Top Fire

Compared with the tank ranger, the change of Fenglin Iron Rider is bolder. In the front face, the middle net is changed to a simple double rectangular style, and the grille is denser than before, which can better block the impact of flying stones on the condenser. The air inlet is added to the hood, which makes the visual impact stronger. There is no wading throat at the A-pillar position, which will affect the wading height of the vehicle, but the overall feeling is stronger. The front bumper, side bumper and rear bumper of the vehicle have all been changed. After all, this is one of the most attractive places for a hard-core off-road vehicle. It is worth mentioning that this car is equipped with 285/70 R17 wide tires, the tires are basically flush with the wheel cover, and the visual effect is excellent. Such a hard-core tire configuration, of course, requires better suspension shock absorption, and Fenglin Tieqi is also equipped with nitrogen shock absorption and other configurations to improve the passability of vehicles. In addition, the roof is equipped with a luggage rack platform decorated with the words "TOP FIRE", which shows the identity and has strong practicability.

The interior hasn’t changed much, but the higher price compared with tank ranger gives it enough cost space to upgrade in comfort configuration. Steering wheel heating and front seat heating and ventilation are arranged, and the seats are made of leather, which makes the touch more comfortable. This car is also equipped with a PM2.5 filter in the car, as well as the addition of Yanfei Lishi audio and 64-color ambient lights, so that you can be very comfortable in the off-road process. It is also a practical function for camping enthusiasts to bring their own 220V power supply. The first batch of Fenglin fighters gained a good reputation, which also made people look forward to the improvement of the second batch of Fenglin fighters.

Paragraph 3, Tank 300 Border Limited Edition

Guide price: 280,000 yuan

With the cooperation experience with famous domestic off-road refitting brands, Great Wall Motor has also started to upgrade its original factory. This border limited edition model is a typical example, which basically combines the advantages of Tank Ranger and Fenglin Iron Rider. In terms of appearance, the front of this car abandoned the traditional TANK LOGO and replaced it with the simple English letter "Tank". At the same time, the middle net was changed to a black honeycomb style, and the sports atmosphere was improved. The front bumper has been upgraded to a competitive bumper, and the rear bumper has also been optimized. Its approach angle has reached 36 degrees, while its departure angle is 37 degrees, which is the largest among the official models of the 300 series of tanks at present. The front bumper is also equipped with a winch, the wading throat is also equipped, and the roof is equipped with an expandable roof platform, which is more comprehensive.

The interior part of the car basically maintains the configuration of the original high-profile model of the tank 300. Compared with the Fenglin Iron Rider, the front multi-storey sound insulation glass is added, which further improves the sound insulation effect of the vehicle. As an official-reformed vehicle independently developed by Great Wall Motor, the price of the limited edition of Tank 300 Border came to 280,000 yuan. It seems that Great Wall Motor is still quite emboldened. Do you think this price is worth it?

The fourth paragraph, tanks 300 cyber tanks

Guide price: 308,000 yuan

Co-brand: Chaojing

This is the only model of Tank 300 that has been modified to the urban SUV style. If the previous model is regarded as a competing product of herdsman, then this Cybertank is a competing product of Mercedes-Benz G. Although the prices of the two are very different, the styles are relatively close. The appearance of tough sports with gorgeous interior will bring about a turning back rate that is basically no less than that of a supercar. This cyber tank basically only retains the powertrain and chassis of the basic model, and the rest of it has undergone drastic changes. In the net, the penetrating headlights are added, and the car paint with matte gray is matched, so the overall look has a strong sense of science and technology. The wheel eyebrows are changed to the same color as the car body, and the integrity is better. The roof and rearview mirror are decorated with bright colors to enhance the sense of fashion. There is a big bump in the center of the hood to enhance the visual impact. The spare tire is no longer hung at the rear part of the car. Instead, it is a square suitcase with a larger spoiler at the top, but it is mainly used for decoration. Tyre size is 275/45 R21, with a relatively high face value, but it basically does not have off-road ability. Even if it crosses the speed bump or bumps, it is necessary to close the throttle, otherwise it will easily cause tire bulging.

The biggest change in the interior is the use of pure white color matching. The seats, center console and door panels are mainly white, followed by a large number of chrome-plated decorative pieces. The visual effect is excellent, but it is really not resistant to dirt. The stitching of leather seats is exquisite, and the sense of luxury is in place. According to legend, this is the most expensive model in the customized version of tank 300. Can you accept the price increase of such a model with a main face value?

These are the four special models of Tank 300 on sale. Although the price is much higher than that of the ordinary model, these models are equipped with hard-core configurations such as front and rear axle differential lock and part-time 4wd, which can meet the individual needs of different consumers. If the budget is enough, which one would you choose? In addition, this successful model of tank 300 is likely to continue to other models such as tank 500. Do you expect it? (Text/Youshi Automobile Control Wind)

Note: the pictures are from the internet, and the rights belong to the original author. Thank you! This article only represents the author’s personal views, and does not represent the position of AUV.

The fuel consumption of Xuanjie’s 63,900 sales is 6.7L

The richness of the configuration is closely linked to the cost performance of a car, and many people have mentioned it. Let’s take a look at it next.

Let’s take a look at the appearance of Hyun Jie. The whole front of Hyun Jie looks very solid and sporty. Coupled with the headlights of fashion sports, the overall look has a certain sense of hierarchy. The car is equipped with LED daytime running lights, delayed shutdown and so on. Coming to the side of the car body, the size of the car body is 4420 mm * 1831 mm * 1653 mm. The car adopts dynamic lines, and the side wall presents a simple and fashionable design style. With large-sized thick-walled tires, it looks full of sports. In the design of the rear of the car, the rear and the front of the car echo each other from a distance, and the taillights look very spiritual. Overall, they are quite fierce.

Sitting in the car, the interior adopts elegant design, and the visual effect is quite unique. The steering wheel of the car is very hard-core and made of imitation leather, which gives people an impulse to control it. From the central control point of view, with the 10.25-inch touch-sensitive LCD central control panel, the interior style is impressive and looks sharp. Finally, let’s take a look at the dashboard and seats. The dashboard design is remarkable and the display effect is excellent. The car adopts imitation leather seats, which are wide and thick and comfortable.

Hyun Jie is matched with CVT gearbox, with the maximum power of 85KW and the maximum torque of 143N.m, and the power performance is good.

Equipped with rear wiper, traction control (ASR/TCS, etc.), support for CarLife, Bluetooth /WIFI connection, sun visor mirror and other configurations, it has rich functions and greatly improves its convenience.

OK! Next, let’s sum up. The model class introduced today is the most considered class when many people buy their first car, mainly because the size of this class is moderate and the price is reasonable.

The first result of China Insurance Automobile Safety Index in 2024 was released.

China Consumer News Beijing News(Reporter)Wu bofeng) On September 5th, under the guidance of insurance association of china, with the support of China Automotive Technology Research Institute Co., Ltd. and China Automotive Engineering Research Institute Co., Ltd., China Automotive Technology Research and Test Center (Beijing) Co., Ltd. evaluated eight models according to the regulations of China Insurance Automobile Safety Index 2023.

It is reported that this is the first release of the evaluation results of China Insurance Automobile Safety Index in 2024, involving eight models, including Ideal MEGA, BMW i5, Ai ‘an Haobo HT, Xiaomi SU7, Toyota Corolla Ruifang, Extreme Krypton 007, Ideal L6 and Jianghuai Ruifeng RF8. Specifically, the number of SUVs and cars is three, and the other two are MPV models, of which six are new energy vehicles.

The evaluation results show that the sub-indexes of crashworthiness and maintenance economy are good (A) for six models and average (M) for two models. Among them, in terms of structural crashworthiness score, BMW i5 got excellent evaluation, and the evaluation result was zero defect; In terms of maintainability score, one model received excellent evaluation, and three models, such as Xiaomi SU7 and Toyota Corolla Ruifang, received good evaluation; In terms of collision compatibility, four models, such as Ideal MEGA and JAC Ruifeng RF8, received excellent evaluation.

In the sub-index of occupant safety, the evaluation results of seven models are excellent (G) and above, and five of them are excellent +(G+). In the driver’s side 25% offset collision condition, the proportion of vehicles with excellent evaluation is 100%; In the passenger side 25% offset collision condition, seven models, such as Xiaomi SU7 and BMW i5, received excellent evaluation, and the evaluation results were all zero defects. In the frontal 50% offset collision condition, there are 7 models with excellent evaluation, of which 4 models have zero defects; In the case of side impact, there are 7 models with excellent evaluation, and the evaluation results of 6 models are zero defects; In the roof strength condition, the proportion of vehicles with excellent evaluation is 100%; In the seat/headrest working condition, the proportion of vehicles with excellent evaluation is 100%.

In addition, the safety sub-index of drivers and pedestrians, the evaluation results of eight models are excellent (G) and above, among which seven models get excellent +(G+).

Vehicle auxiliary safety sub-index, 8 models all got excellent (G) and above, among which 5 models got excellent +(G+). Among them, 7 models are equipped with AEB function as standard, with an equipment rate of 87.5%, and 7 models are equipped with emergency rescue service function, with an equipment rate of 87.5%.