The State Council Press Office held a press conference at 10 am on Friday, October 13th, 2023, and invited Lu Daliang, spokesperson of the General Administration of Customs and director of the Statistics and Analysis Department, to introduce the import and export situation in the first three quarters of 2023 and answer questions from reporters.

The picture shows the press conference. (photo by Liu Jian)

Shou Xiaoli, deputy director and spokesperson of the State Council Information Office:

Good morning, ladies and gentlemen! Welcome to the press conference of the State Council Information Office. Today, we have a routine release of economic data. We are very pleased to invite Mr. Lu Daliang, spokesman of the General Administration of Customs and director of the Statistics and Analysis Department, and ask him to introduce the import and export situation in the first three quarters of 2023 and answer your questions of interest.

Next, we first invite Mr. Lu Daliang to make an introduction.

Lu Daliang, spokesperson of the General Administration of Customs and director of the Statistical Analysis Department:

Good morning, ladies and gentlemen, journalists and friends! Welcome to today’s press conference. Nice to meet you again. I’ll first report on China’s import and export situation in the first three quarters of this year, and then answer your questions of interest.

The picture shows Lu Daliang, spokesperson of the General Administration of Customs and director of the Statistical Analysis Department. (photo by Xu Xiang)

In the first three quarters of this year, in the face of the complicated and severe external environment and multiple domestic difficulties and challenges, under the strong leadership of the CPC Central Committee with the Supreme Leader as the core, China adhered to the general tone of striving for progress while maintaining stability, the overall economy rebounded, high-quality development was solidly promoted, and the import and export of goods trade operated smoothly and positively. According to customs statistics, China’s total import and export value in the first three quarters was 30.8 trillion yuan, a slight decrease of 0.2% year-on-year. Among them, the export was 17.6 trillion yuan, a year-on-year increase of 0.6%; Imports reached 13.2 trillion yuan, down 1.2% year-on-year. Specific analysis, mainly has the following five characteristics:

First, the scale of foreign trade has increased steadily, hitting a monthly high in September. From a quarterly perspective, imports and exports rose quarter by quarter, with the first, second and third quarters being 9.72 trillion yuan, 10.29 trillion yuan and 10.79 trillion yuan respectively. From a monthly perspective, the import and export in September was 3.74 trillion yuan, an increase of two consecutive months from the previous month, and the scale reached a new high in a single month in the year.

Second, the import and export of private enterprises grew rapidly. In the first three quarters, China’s private enterprises imported and exported 16.34 trillion yuan, up 6.1% year-on-year, accounting for 53.1% of China’s total import and export value. In the same period, the import and export of foreign-invested enterprises was 9.42 trillion yuan, and that of state-owned enterprises was 4.95 trillion yuan, accounting for 30.6% and 16.1% respectively.

Third, the import and export of countries that jointly build the "Belt and Road" is better than the whole. In the first three quarters, China imported and exported 14.32 trillion yuan to countries that jointly built the "Belt and Road", up 3.1% year-on-year, accounting for 46.5% of the total import and export value. This year marks the 10th anniversary of the "One Belt, One Road" initiative. In order to fully demonstrate the achievements made by China and the countries that have jointly built the Belt and Road in the past decade, we have recently compiled the trade index of China and the countries that have jointly built the Belt and Road, which has risen from 100 in the base period of 2013 to 165.4 in 2022, and the role of jointly building the Belt and Road in promoting trade has been continuously enhanced.

Fourth, the proportion of exports of mechanical and electrical products increased. In the first three quarters, the export of mechanical and electrical products in China was 10.26 trillion yuan, up 3.3% year-on-year, accounting for 58.3% of the total export value, up 1.5 percentage points over the same period last year. Among them, automobiles and their spare parts, ships and electrical equipment increased by 48.2%, 26.8% and 16.2% respectively. In the same period, the export of labor-intensive products was 3.07 trillion yuan, accounting for 17.5%.

Fifth, the import of bulk commodities and consumer goods expanded. In the first three quarters, China’s imports of energy, metal ore, grain and other bulk commodities increased by 16.5% year-on-year. Among them, energy products such as crude oil, natural gas and coal were 860 million tons, an increase of 31.8%; Iron, aluminum and other metal ores reached 1.086 billion tons, an increase of 7.8%. In the same period, imported consumer goods reached 1.46 trillion yuan, an increase of 3.1%. Among them, dried and fresh fruits and nuts, medical and health products increased by 22.8% and 18.5% respectively.

Generally speaking, under the general environment of unstable world economic recovery, China’s foreign trade has withstood the pressure, maintained a stable scale and excellent structure, and accumulated positive factors. It is believed that with the continuous improvement of China’s economic operation and the continuous enhancement of endogenous power, the effectiveness of various pragmatic measures to stabilize foreign trade will continue to play, the import and export operation situation will be more stable, the quality and efficiency will be further improved, and the goal of promoting stability and improving quality will certainly be achieved.

Customs is responsible for guarding the country and promoting development. This year marks the 20th anniversary of the implementation of the customs title system. Recently, the General Secretary of the Supreme Leader wrote back to all the customs officers in Hongqilafu, putting forward ardent expectations for the customs system to better perform its duties and missions, pointing out the direction for us to do a good job in customs work in the new era and new journey, and providing fundamental follow-up. The national customs will thoroughly study and implement the important instructions of the Supreme Leader General Secretary on customs work in the new era and the spirit of important reply, accelerate the construction of smart customs and the action of "strengthening the country through smart customs", build a national security barrier, promote high-quality development and high-level opening up, be a national guardian who can reassure the party and satisfy the people, and make positive contributions to the construction of a strong country and national rejuvenation.

thank you

Shou Xiaoli:

Thank you for your introduction. Let’s begin to ask questions. Please inform your news organization before asking questions.

Phoenix TV reporter:

Actively expanding imports is an important part of China’s high-level opening to the outside world. How do you evaluate the current import situation in China? In addition, the 6th China International Import Expo will be held. What are your expectations for the import trend in the next stage? In addition, what has the Customs done to protect China International Import Expo(CIIE)? Thank you.

Lv daliang:

Thank you for your question. China is the second largest economy in the world, carrying nearly one-fifth of the world’s population and creating nearly 30% of the world’s manufacturing added value. It is the world’s most potential big market. For a long time, China has adhered to the strategy of expanding imports and has been the second largest import market in the world for 14 consecutive years. In the first three quarters of this year, China’s foreign trade imports still maintained a good momentum, showing many bright spots in terms of scale, quantity and category structure. Mainly manifested in:

First, the import scale is rising quarter by quarter, and the import trend of independent sources is improving. In the first, second and third quarters, China imported 4.23 trillion yuan, 4.39 trillion yuan and 4.58 trillion yuan respectively, and the scale was expanded quarter by quarter. Among them, China’s imports from Latin America, ASEAN and the European Union have all increased for two consecutive quarters, and the growth rates in the third quarter were 8.5%, 6.3% and 2.6% respectively.

Second, the import volume has steadily increased, and the role of ensuring supply and stabilizing the chain has continued to play. China’s import volume has increased year-on-year for eight consecutive months, with a cumulative increase of 2.6% in the first three quarters. In particular, the import volume of resources and energy products and key components to meet domestic production needs has steadily expanded, such as crude oil, natural gas and metal ore, which increased by 14.6%, 8.2% and 7.8% respectively; The import volume of computer central processing parts and aircraft parts also increased by 42.9% and 15.9% respectively.

Third, import access is open and diversified to better meet the needs of people’s livelihood consumption. Up to now, China has established customs inspection and quarantine cooperation relations with 171 countries and regions, and signed nearly 400 international cooperation documents on agricultural products and food access. In the first three quarters, China’s imports of agricultural products increased by 8.6%, of which dry and fresh fruits and nuts, alcohol and beverages increased by 22.8% and 21% respectively. At the same time, with the steady expansion of domestic consumer demand, the import of some personalized and upgraded consumer goods has increased. In the first three quarters, China’s imports of jewelry, watches and clocks, health care products, shoes and boots increased by 74.3%, 18.9%, 18.5% and 9.2% respectively.

Expanding imports is the proper meaning for China to accelerate the construction of a new development pattern, and it is also beneficial for all countries in the world to share China’s development opportunities. Next month, the 6th China International Import Expo(CIIE) will be held in Shanghai. On the basis of summarizing the customs clearance facilitation measures of the previous five sessions in China International Import Expo(CIIE), our department has issued 17 facilitation measures, covering the whole process of exhibition admission, exhibits clearance and post-exhibition disposal. In order to ensure China International Import Expo(CIIE) to "run better and better", the Customs has further innovated its supervision system, adopted special approval measures for animal and plant products and foods on the premise of controllable risks, expanded the scope of exhibits, and provided convenience for more countries, enterprises and products to share the dividends in the China market.

Generally speaking, with the deepening of China’s import expansion strategy, a new development pattern with domestic big circulation as the main body and domestic and international double circulation promoting each other has been accelerated, and the open and huge China market will benefit the world more and more widely. Thank you.

Red star journalist:

We are concerned that the latest trade forecast released by the WTO in October lowered the global trade growth forecast for 2023. What do you think of the current foreign trade situation in China? How to predict the annual growth rate? Thank you.

Lv daliang:

Thank you for your question. Since the beginning of this year, the world economic recovery has been unstable, external demand has weakened, prices have fallen, and the impact of last year’s high base has put a lot of pressure on China’s foreign trade growth. However, with the precise efforts of various domestic policies, enterprises have taken the initiative to seek innovation and progress and overcome difficulties. In the first three quarters, China’s foreign trade operated smoothly, and the year-on-year growth rate was basically the same, showing a positive and good development trend.

Specifically, the first is "stability", which is fundamental. First, the scale was stable. In the second and third quarters, both imports and exports were above 10 trillion yuan, maintaining a historical high level; Second, the main body is stable. In the first three quarters, the number of foreign trade enterprises with import and export performance in China increased to 597,000, of which the import and export value of enterprises that have been active since 2020 accounted for nearly 80% of the total; Third, the share is stable. According to our preliminary calculation, the international market share of China’s exports in the first seven months was basically the same as that of the same period last year. "Stability" is a solid foundation for the high-quality development of China’s foreign trade, and it is also a concentrated expression of the ability of foreign trade to resist stress and adversity.

At the same time of stability, the current foreign trade operation also shows "good" positive changes: First, the overall trend is good. The scale of import and export is expanding quarter by quarter, and the monthly trend is improving; Especially in September, the scale hit a new monthly high in the year, with three fewer month-on-month and one working day less year-on-year. If the influence of working day difference is excluded, the import and export in September increased by 0.9% year-on-year. Second, private enterprises have good vitality. In the first three quarters, the monthly import and export growth rate of private enterprises was higher than that of the whole. The export proportion of private enterprises’ own brand products increased by 0.7 percentage points year-on-year to 22.7%, and the brand awareness in the fields of automobiles, construction machinery and consumer electronics was further enhanced. Third, the market potential is good. In the first three quarters, China’s import and export to emerging markets such as Central Asia, Africa and Latin America increased by 33.7%, 6.7% and 5.1% respectively, both higher than the overall growth rate of China’s foreign trade; Recently, China’s import and export to traditional markets such as the European Union and the United States have also improved significantly. Fourth, the platform has developed well. In the first three quarters, the import and export of 21 pilot free trade zones in China was 5.65 trillion yuan, up 4.6%, accounting for 18.3% of China’s total foreign trade; The import and export of Hainan Free Trade Port increased by 20.3%.

About the next foreign trade trend. We have also noticed that the World Trade Organization (WTO) and the International Monetary Fund (IMF) have recently expressed concern about the fragmentation of global trade. The WTO has lowered the growth rate of global merchandise trade this year from the previous forecast of 1.7% to 0.8%, indicating that the world economic recovery and sustainable development are still facing enormous challenges, and the external environment facing China’s foreign trade is still complex and severe. However, we should also see that the positive factors of China’s economic recovery are still accumulating. With the steady scale and excellent structure of China’s foreign trade, the foundation of "stability" will be more solid, and the change of "good" will be more prominent. We have reason to be confident to achieve the goal of promoting stability and improving quality of foreign trade throughout the year and continue to play the supporting role of imports and exports in the economy. Thank you.

Japan’s Kyodo News reporter:

From the macro-economic point of view, import and export continued to grow negatively until September, and international organizations expressed concern about the economic situation in China. What do you think of China’s trade prospects? Thank you.

Lv daliang:

Thank you for your question. As for China’s trade, I just informed you about the situation in the first three quarters. Recently, with the increase of positive factors, foreign trade has also shown a positive trend. For the next stage of China’s foreign trade operation, we believe that there are still many favorable factors to support it.

First, the domestic economy is running well. The manufacturing PMI rebounded for four consecutive months, and the growth rate of industrial added value and social zero consumption in August accelerated by 0.8 and 2.1 percentage points respectively compared with the previous month. Especially the recent "Super Golden Week", I believe everyone felt the surging vitality of China’s economy.

The second is the consolidation of industrial advantages. The dominant export industries such as ships, construction machinery and household appliances have further improved their market share, international competitiveness and brand influence. At the same time, the import and export of consumer electronics industry showed a recovery momentum. The import and export of integrated circuits rose continuously in August and September, and the year-on-year decline of mobile phone and computer exports in September was significantly narrowed.

The third is the improvement of orders and confidence of enterprises. According to the statistical survey of China Customs’ trade prosperity, the proportion of enterprises with new export and import orders increased or remained flat in September increased by 0.8 and 1.7 percentage points respectively compared with last month, and the proportion of optimistic export and import enterprises increased by 1.3 and 0.7 percentage points respectively compared with last month.

Undeniably, China’s foreign trade will still face many difficulties and challenges. In particular, the external environment is more complicated and severe, the recovery of the world economy is weak, unilateralism, trade protectionism and geopolitical risks will all put pressure on China’s foreign trade.

But on the whole, as I just introduced, with the positive factors of China’s economic recovery accumulating, a series of policies and measures to stabilize the scale and optimize the structure of China’s foreign trade have been effective, and import and export are expected to continue to consolidate the good momentum and achieve the goal of promoting stability and improving quality throughout the year. Thank you.

Voice of China reporter from Central Radio and Television General Station:

You just mentioned that the Customs recently compiled the trade index between China and the countries that jointly built the Belt and Road Initiative. Could you tell us something about this index? Thank you.

Lv daliang:

Thank you for your question. This year marks the tenth anniversary of the initiative of the Supreme Leader Chairman to jointly build the Belt and Road Initiative. In the past ten years, the economic and trade relations between China and its partners in the Belt and Road Initiative have become increasingly close, and trade exchanges have continued to be active. Recently, the General Administration of Customs organized the compilation of the trade index of China and the countries jointly building the Belt and Road Initiative, which comprehensively and systematically showed the achievements of foreign trade development of China and the countries jointly building the Belt and Road Initiative in the past ten years from four dimensions: trade scale, trade structure, trade mutual benefit and trade promotion.

Just now, I have introduced that the total trade index between China and the countries that jointly built the Belt and Road Initiative has increased from 100 in the base period of 2013 to 165.4 in 2022. Mainly presents the following characteristics:

First, the scale of trade has risen rapidly. In the past ten years, the scale of trade between China and the co-construction countries has been significantly improved, reaching 161.3 in 2022, and the import and export scale has climbed from 10.11 trillion yuan in 2013 to 18.95 trillion yuan in 2022, with an accumulated increase of 87.4%, with an average annual growth rate of 7%, which is 1.5 percentage points higher than the overall growth rate of China’s foreign trade in the same period, and its proportion in China’s total import and export value has increased from 39.2% to 45.4%.

Second, the trade structure continued to improve. In the past ten years, the trade structure index of China and the co-construction countries has generally shown an upward trend, reaching 118.9 in 2022. China’s industrial structure is more in line with that of the co-construction countries, industrial ties are closer, and the foundation of trade cooperation is solid.

Third, the degree of trade mutual benefit is deepening. In the past ten years, the degree of mutual trade benefit between China and the co-construction countries has generally increased rapidly. In 2022, the index of mutual trade benefit reached 164, reflecting the deepening degree of open cooperation and mutually beneficial sharing between China and the co-construction countries. At present, China is the top three trading partners of 114 countries and the largest trading partner of 68 countries. At the same time, China is also the largest source of imports for 74 countries and the largest export market for 35 countries.

Fourth, the role of trade promotion has continued to increase. In the past ten years, the overall trade promotion index of China and the co-construction countries showed an obvious upward trend, reaching 217.3 in 2022. Nearly 90% of China’s export of foreign contracted projects is for co-construction of countries, and a series of co-construction projects such as ports, railways, bridges and overseas industrial parks have successively landed. At the same time, the international logistics channels between China and the co-established countries have continued to expand, which has effectively promoted trade growth. Take China-Europe trains as an example. In the past ten years, the number of China-Europe trains has increased rapidly from 80 in 2013 to 16,000 in 2022, and now it has reached more than 200 cities in 25 countries.

Regarding the specific situation of the trade index of China and the countries jointly building the Belt and Road Initiative, we will publish it in the "Trade Index" column of the China Customs portal, and update it according to the year. Everyone is welcome to pay attention. Thank you.

Bloomberg reporter:

I have two questions. First of all, China’s declared export data to Malaysia, the United States, Thailand, Singapore and other countries are actually larger than those countries’ declared imports from China, which is actually impossible. Can you explain why? The second question is, why didn’t the data in US dollars be released at this conference? In the past, most of China’s trade was settled in US dollars, but this time, all the data has been published in RMB. We may have to wait an hour or more after the meeting to get the data. Can we get the data in US dollars at this conference? Thank you.

Lv daliang:

Regarding the two questions you mentioned, the first question, as I understand it, involves the difference of statistical data of bilateral trade. I have already responded to this question before. In theory, the statistics of China Customs and the statistics of trading partners are mirror images of each other, but in fact, due to various reasons, such as re-export in a third place, they are not completely consistent. For some countries, we have comparative cooperation in trade statistics, while for some countries, we have not carried out such cooperation. However, all our data are published publicly on the Internet, and all parties interested in bilateral trade statistics can make their own analysis.

Regarding the second question, the currency of the import and export data, since 2014, we have adopted the local currency pricing in an all-round way, that is, we publish China’s import and export data in RMB. But at the same time, in order to maintain continuity, we publish it online, which is the data denominated in US dollars that you just mentioned. These two data are released at the same time, one is on-site and online, and the other is online. You can visit the website to check the data of US dollars as needed. Thank you.

China News Agency reporter:

What achievements has the General Administration of Customs made since it introduced 16 measures to optimize the business environment? In addition, what measures will the General Administration of Customs introduce in the near future to further promote the stable scale and excellent structure of foreign trade? Thank you.

Lv daliang:

Thank you for your question. Since the beginning of this year, the General Administration of Customs has resolutely implemented the decision-making arrangements of the CPC Central Committee and the State Council, promoted the stable scale and excellent structure of foreign trade, and made great efforts to implement a package of measures to promote stability and improve quality. Within the scope of customs duties, targeted policies and measures were introduced. In June this year, we introduced 16 measures to optimize the business environment of the customs, and the customs directly under the customs issued detailed supporting measures accordingly, forming a combination of policies and measures to stabilize foreign trade. We have paid close attention to the implementation of various measures, established a tracking and feedback mechanism for the implementation, went deep into enterprises to send policies, listen to opinions and solve problems, strengthened the synergistic effect of policies, and helped the stable development of foreign trade. Judging from our tracking situation, 16 measures are taking effect one after another. Generally speaking, the benefits to enterprises are mainly reflected in three aspects:

First, cross-border logistics is more convenient. The pilot scope of facilitation measures such as "direct lifting by ship", "direct loading at port" and "joint loading and unloading" has been continuously expanded, the supervision and inspection process of high-tech equipment has been continuously optimized, and the efficiency of inspection and release of bulk resources commodities has been continuously accelerated, which has effectively guaranteed the fast-forward and fast-out of import and export goods. For example, the "joint loading and unloading" supervision mode between Shanghai Yangshan Port and the relevant ports in the Yangtze River Delta has promoted the continuous encryption of the branch lines in the Yangtze River, such as Shanghai-Taicang Port, and saved the export logistics cost by 30% per TEU.

Second, reducing burdens and increasing efficiency are more obvious. Among the 16 articles, there are many measures to reduce costs and increase convenience for enterprises, such as facilitating enterprises to apply for export tax rebates, increasing the credit cultivation of "specialized and innovative" enterprises, promoting AEO enterprises to enjoy customs clearance convenience at home and abroad, further expanding the scope of application of the voluntary disclosure policy, and providing enterprises with convenient channels for fault tolerance, error correction and law-abiding. Since the beginning of this year, only the voluntary disclosure policy has been applied, which has reduced or exempted enterprises from paying tax late fees by over 100 million yuan according to law. At the same time, we have also improved the "12360 hotline" service of the customs, made good use of such mechanisms as "the reception day for customs officers" and "the door-to-door delivery of policies by customs officers" to help enterprises solve practical problems in time and continuously improve the sense of acquisition and satisfaction of the vast number of import and export enterprises.

In the third aspect, the kinetic energy of innovation and development is more sufficient. Vigorously support the healthy development of new formats such as cross-border e-commerce, further expand the scope of cross-border return test of cross-border e-commerce retail exports and cross-border e-commerce online shopping bonded retail imports, and continue to solve the problem of "difficult return" of cross-border e-commerce. Accelerate the comprehensive reform of the comprehensive bonded zone, and introduce 23 comprehensive reforms to promote the high-quality development of the comprehensive bonded zone, giving full play to the role of the comprehensive bonded zone in opening up the highland.

In the next step, we will continue to closely follow the implementation of policies and measures, at the same time, we will deeply understand the expectations and demands of enterprises and local governments, strengthen the reserve of foreign trade policies and measures around the key directions of steadily expanding exports, exploring diversified markets, and helping enterprises tide over difficulties, and introduce new policies and measures in a timely manner to help enterprises stabilize orders and expand markets, and help promote the stable scale and excellent structure of foreign trade. Thank you.

Zhejiang Daily News reporter:

In the first three quarters, China’s imports and exports with countries that have jointly built the Belt and Road have achieved steady growth. What do you think are the main factors driving growth? What new measures has China Customs taken to promote the joint construction of the "Belt and Road"? Thank you.

Lv daliang:

Thank you for your question. Since the "One Belt, One Road" initiative was put forward, the level of interconnection between China and co-construction countries has been greatly improved, foreign trade and cross-border logistics have become more convenient, domestic and international cooperation has become more efficient, the level of industrial cooperation has been continuously improved, the fields of industrial cooperation have been continuously broadened, and trade exchanges have become more frequent, so the trade between China and co-construction countries has achieved steady growth. In the first three quarters, China’s import and export to countries that jointly built the Belt and Road Initiative was 14.32 trillion yuan, up by 3.1%, and its proportion in China’s total import and export value continued to increase, reaching 46.5%.

All along, the Customs has thoroughly studied and implemented the spirit of the important instructions of the General Secretary of the Supreme Leader, and made serving the high-quality and building the "Belt and Road" as a key task, and paid close attention to implementation and promotion. Since the beginning of this year, we have mainly carried out the following work:

First, actively promote the access and import of high-quality agricultural and food products. In the first three quarters, 67 customs inspection and quarantine cooperation documents were signed with countries that jointly built the "Belt and Road", including 50 agricultural and food products access agreements.

Second, continue to carry out trade facilitation cooperation. We have signed a memorandum of understanding on "single window" cooperation in international trade with the Iranian Customs Administration, and signed AEO cooperation documents with the Philippines, Costa Rica, Uzbekistan and South Africa.

Third, vigorously improve the level of port software and hardware, optimize the "Belt and Road" customs information sharing and exchange platform, and ensure the stable operation of the China-Kazakhstan Customs Tietong project.

Fourth, actively participate in the preparatory work for the third "Belt and Road" international cooperation summit forum and the special forum on smooth trade.

Fifth, the "One Belt, One Road" seminar on customs food safety cooperation was successfully held to promote the "One Belt, One Road" customs food safety mechanism cooperation.

With the deepening of the "One Belt, One Road" with high quality, the smooth trade between China and the co-construction countries will be more convenient and efficient, the level of trade and investment liberalization and facilitation and the cooperation level of industrial chain and supply chain will be further improved, and trade is expected to achieve a higher level of development. The customs will continue to upgrade and develop the multi-bilateral cooperation mechanism of the country, vigorously promote cooperation in the fields of trade safety and convenience, inspection and quarantine, and continue to promote the high-quality joint construction of the "Belt and Road". Thank you.

Taiwan Province United Daily News reporter:

From the data of the first eight months of this year, we can see that the import and export volume on both sides of the mainland and Taiwan Province shows signs of continuous decline. At the same time, the mainland conducted a trade barrier investigation against Taiwan Province. Excuse me, how will the General Administration of Customs continue to promote the normalization of cross-strait economic and trade development and achieve mutual benefit and win-win results? Thank you.

Lv daliang:

Thank you for your question. Let me first introduce the relevant situation of cross-strait trade. In the first three quarters of this year, cross-strait trade totaled 1.36 trillion yuan, down 14.6% year-on-year. Among them, the mainland exported 351.8 billion yuan to Taiwan Province, down 15% year-on-year; Imports from Taiwan Province reached 1.01 trillion yuan, down 14.5% year-on-year.

Since the beginning of this year, within the scope of its duties, the Customs has launched a series of innovative measures in promoting trade facilitation and optimizing the business environment at ports. I also introduced them just now and achieved positive results. We will continue to pay close attention to the implementation of relevant trade trends and policies and measures, strengthen the reserve of policies and measures to stabilize foreign trade, and introduce new policies and measures in a timely manner to continuously help the stable development of foreign trade. Thank you.

Shenzhen Satellite TV reporter:

As a new foreign trade format with rapid development in China, cross-border e-commerce is an important way for many enterprises to obtain orders. What was the import and export situation of cross-border e-commerce in the third quarter? Thank you.

Lv daliang:

Thank you for your question. Regarding the statistics of cross-border e-commerce, at the press conference in the first half of the year, I introduced the frequency of statistical investigation of cross-border e-commerce in China, which is annual report and semi-annual report. As for the data you care about in the first three quarters of this year, we have a preliminary statistical data for your reference based on historical data and the latest import and export situation. In the first three quarters, China’s cross-border e-commerce import and export was 1.7 trillion yuan, an increase of 14.4%. Among them, exports were 1.3 trillion yuan, an increase of 17.7%; Imports were 0.4 trillion yuan, up 5.3%. Thank you.

Cover journalist:

At present, the international market demand is relatively weak, does it have an impact on China’s exports? What is the spokesman’s expectation for the foreign trade trend in the fourth quarter? Thank you.

Lv daliang:

Thank you for your question. As we all know, since the beginning of this year, the recovery of the world economy has been weak, and the development of global trade has been under multiple pressures, especially the continued sluggish external demand has had a direct impact on China’s exports. The CPC Central Committee and the State Council issued a series of policies and measures to stabilize foreign trade in time, which effectively helped enterprises to solve difficulties. At the same time, the vast number of enterprises are also actively responding to changes in international demand, grasping orders, optimizing structure, expanding markets, and constantly opening up new development space. In the face of great difficulties and challenges, China’s foreign trade exports have maintained strong resilience. According to customs statistics, China’s foreign trade exports increased by 0.6% in the first three quarters, especially in the last two months. In August and September, the export scale continued to expand, increasing by 1.2% and 5.5% respectively from the previous month, and the trend of stabilization and recovery was obvious. Specifically:

First, the export volume has turned from decrease to increase, and the recovery momentum has been consolidated. Price and quantity are two apparent factors that affect the value. Some monthly export values declined this year, mainly due to the drop in export prices. In terms of volume, the export volume in August has changed from the previous year-on-year decrease to an increase of 5.9%, and further increased to 7.9% in September.

Second, traditional superior products have stabilized, and green kinetic energy has continued to exert its strength. In the past two months, the export of traditional superior products in China’s consumer electronics industry chain has stabilized and improved. The export of integrated circuits turned from negative to positive in August, and the year-on-year growth rate in September increased to 2.8%. The export of mobile phones and computers in September increased by 124.9% and 8.3% respectively, and the year-on-year decline narrowed by 14.3 and 13.4 percentage points respectively compared with August. At the same time, the export value of the "new three" products of lithium batteries, electric manned vehicles and solar cells has maintained double-digit growth for 14 consecutive quarters.

Third, from the market point of view, the main traditional markets have improved significantly, and the growth of emerging markets has accelerated. In September, the year-on-year decline of China’s exports to Japan, the European Union, South Korea and the United States narrowed by 14.1, 8.7, 8.1 and 0.5 percentage points respectively compared with August, and the year-on-year growth rate of exports to emerging markets such as the Middle East, Africa and Central Asia further accelerated.

As for the export trend in the fourth quarter, we believe that the instability of the world economic recovery is still the biggest challenge for exports, but the comprehensive competitive advantage of China’s exports is still stable. According to the statistical survey of China Customs’ trade prosperity, the proportion of enterprises that reported stable or increased export orders in September increased by 0.8 percentage points compared with that in August, and the proportion of enterprises that expressed optimism about future exports increased by 1.3 percentage points. On the whole, thanks to the strong policies, the efforts of enterprises and the concerted efforts of all parties, the momentum of export stabilization and improvement in the fourth quarter is expected to continue to be consolidated. Thank you.

Southern Metropolis Daily reporter:

Private enterprises are the largest business entity in China’s foreign trade. What are the outstanding characteristics of private enterprises’ import and export this year? What has the Customs done in implementing the important opinions of the state on promoting the development of private economy? Thank you.

Lv daliang:

Thank you for your question. Private enterprises have become a new force to promote Chinese modernization and an indispensable foundation for high-quality development, and have played an active role in stabilizing growth, promoting employment and improving people’s livelihood. In the field of foreign trade, in the first three quarters, the import and export of private enterprises in China increased by 6.1%, which was obviously better than the whole, and it was the backbone of stable scale and excellent structure. Specifically:

First, private enterprises are the main engine of foreign trade growth. In the first three quarters, there were 511,800 private enterprises with import and export performance in China, and the import and export amounted to 16.34 trillion yuan, accounting for 85.7% and 53.1% of the total respectively, up by 1.1 and 3.1 percentage points respectively year-on-year, and the scale was considerable. At the same time, the monthly import and export performance of private enterprises is better than the whole. In August, imports and exports turned positive, and the growth rate in September increased by 4.1 percentage points to 6.6%, which is gratifying.

Second, private enterprises are a new force for innovation and development. For example, it continues to play a leading role in green and low-carbon development. In the first three quarters, the proportion of private enterprises in the export of solar cells, lithium batteries and electric manned vehicles further increased to 78.9%, 59.9% and 56.8%. In the first three quarters, the proportion of private enterprises in the import and export of integrated circuits increased by 2.6 and 4.9 percentage points respectively, to 42% and 32.8%.

Third, private enterprises are the vanguard of brand building. In recent years, a number of independent brands of private enterprises have emerged in China in the fields of photovoltaics, construction machinery and consumer electronics, which have upgraded from "Made in China" to "China brand" and further enhanced the reputation of Chinese brands. In the first three quarters, the proportion of solar cells, construction machinery and computers exported by private enterprises in China was 78%, 57.9% and 52.4% respectively.

Fourth, private enterprises are also the dominant players in the import and export of consumer goods. "Entering" can adapt to the diversified domestic needs and meet the needs of the people for a better life. "Going out" also provides high-quality products for the international market and benefits consumers all over the world. In the first three quarters, private enterprises were the largest importers of food, tobacco, alcohol, daily necessities and cultural and entertainment consumer goods in China, accounting for 70.7%, 53.9% and 49.6% respectively. At the same time, it is also the leading force in the export of consumer goods such as textiles and clothing, shoes and boots, luggage, etc. In the first three quarters, the proportion of private enterprises in the export of these products exceeded 80%.

This year, the General Administration of Customs issued 16 measures to optimize the business environment, and the customs directly under it also issued corresponding detailed supporting measures, strengthened policy synergy, went deep into enterprises to send policies, listen to opinions and solve problems, and helped the stable development of foreign trade. Judging from the implementation, the policy dividend has been continuously released, and the sense of acquisition and satisfaction of the import and export enterprises has also been continuously improved. In the next step, the Customs will, as always, conscientiously implement the policies and measures of the CPC Central Committee and the State Council on promoting the development and growth of the private economy, empower enterprises from the aspects of promoting smooth logistics, facilitating trade, helping enterprises reduce burdens and increase efficiency, and supporting innovative development, so as to boost the confidence of private enterprises in development. Thank you.

Shou Xiaoli:

Last two questions.

The picture shows Shou Xiaoli, deputy director and spokesperson of the State Council Information Office, inviting reporters to ask questions. (photo by Yan Haijun)

Beijing Youth Daily reporter:

In recent years, ASEAN has maintained its position as China’s largest trading partner. Would you like to ask about the import and export of trade between China and ASEAN this year? Thank you.

Lv daliang:

Thank you for your question. Let me first report the trade between China and ASEAN. In the first three quarters of this year, China’s import and export to ASEAN was 4.68 trillion yuan, up 0.8% year-on-year, accounting for 15.2% of China’s foreign trade. ASEAN continued to be China’s largest trading partner, and bilateral economic and trade exchanges also maintained a good development trend. Specifically:

First, industrial integration is deepening, and trade in intermediate products is close. Since 2012, ASEAN has been the largest trading partner of China’s intermediate products. In the first three quarters of this year, intermediate products accounted for 64.3% of the total import and export value between China and ASEAN. China and ASEAN have close cooperation in the fields of electronic information, automobiles and other industries. In the first three quarters, ASEAN was the largest source of imports of audio and video equipment parts, flat panel display modules and other products in China, and the import value achieved rapid growth; At the same time, China’s exports of auto parts, diodes, spare parts for automatic data processing equipment and lithium batteries to ASEAN have increased to varying degrees.

Second, the road of cooperation has been continuously broadened, and the trade in agricultural products has become richer and more convenient. With the new land-sea corridor in the west, the two cross-border corridors of China-Laos Railway and Tiehai Intermodal Train, which play a more and more important role in promoting bilateral trade, the access of agricultural and food products has been actively promoted, and the agricultural products with ASEAN characteristics have entered China more smoothly. In the first three quarters, China imported 193.24 billion yuan of agricultural products from ASEAN, an increase of 6.5%. The import performance of some special agricultural products was outstanding. The import of dried and fresh fruits and nuts was 61.46 billion yuan, an increase of 35.3%, of which fresh durian, mangosteen and pineapple increased by 81.1%, 17% and 14.4% respectively.

Last month, China hosted the 20th China-ASEAN Expo and the China-ASEAN Business and Investment Summit. In the past 20 years, the trade scale between the two sides has crossed the level of 6 trillion yuan, reaching 6.42 trillion yuan in 2022, and they have been each other’s largest trading partners for three consecutive years. Looking forward to the future, with the full implementation of RCEP, the negotiations on version 3.0 of China-ASEAN Free Trade Area will be accelerated, the areas of cooperation between the two sides will be further expanded, economic and trade exchanges will be further deepened, the trade development potential between China and ASEAN will be huge, and the "cake" of mutual benefit and win-win will be bigger and bigger. Thank you.

Nanfang Daily Southern+Reporter:

As for the export of green and low-carbon products, Director Lu just mentioned "three new products". Electric manned vehicles, lithium batteries and solar cells have been growing continuously in recent years. Can you tell us about the "new three samples" exports in the first three quarters of this year? What measures does the Customs take to promote the export of green and low-carbon products? Thank you.

Lv daliang:

Thank you for your question. At present, the green and low-carbon transformation of the global economy is accelerating, and China’s achievements in creating new green and low-carbon growth points are prominent, which has led to the rapid growth of the "new three" exports represented by electric manned vehicles, lithium batteries and solar cells. In the first three quarters, China’s "new three products" exported a total of 798.99 billion yuan, up 41.7% year-on-year, accounting for 1.3 percentage points of China’s exports, reaching 4.5%.

Customs continued to promote the innovation of supervision service mode, optimize the business environment of cross-border trade, pay attention to the demands of emerging industries such as "New Three Kinds", stimulate the business vitality and export power of enterprises, help improve the international competitiveness of products, promote the continuous release of new kinetic energy for the growth of "New Three Kinds" products, and better promote the development of global green and low-carbon economy. Thank you.

Shou Xiaoli:

That’s all for today’s press conference. Thank you, Director Lu Daliang. Thank you, journalists and friends. Goodbye.

Author |Wang bin

Xia Yiping, CEO of Jiyue Automobile, didn’t cry at the press conference this time. On September 10th, Extreme Yue released the second model, Extreme Yue 07. After a limited time discount, the price was 199,900 yuan, which was quite competitive.

This may be the biggest press conference in the history of Vietnam. The venue of the conference was chosen in the Capital Gymnasium, and nearly 2,000 media reporters, industry partners and car owners’ representatives were present. Baidu Li Yanhong, Contemporary Amperex Technology Co., Limited Zeng Yuqun and Weilai Automobile Li Bin were invited to the scene. Li Shufu of Geely was unable to attend, but also specially recorded a video to congratulate him.

Li Bin, Li Yanhong and Zeng Yuqun.

Extreme Vietnam launched its first model, Extreme Vietnam 01, in October last year, and its sales volume was poor in the first half of this year, with a minimum of 100 units sold in a single month. However, after June, the sales volume picked up, and the sales volume doubled continuously in the past two months. In August, the sales volume has exceeded 2,000 units.

The fierce competition in China’s automobile industry far exceeds that in other parts of the world, and Xia Yiping is quite excited about the extreme success in breaking through the trough. He cried at the scene when he was interviewed by the media group half a month ago, and his voice choked.

This question was asked again in the media group interview after the 07 press conference. Xia Yiping was more confident this time. He said that the tears were really a true feeling, not for any traffic. He laughed a few times and said that if it was really for traffic, he should cry at the press conference of Extreme Vietnam 07. "Hundreds of media are present, and the traffic effect may be better."

Xia Yiping has great confidence in Extreme Yue 07. At the press conference, he used words such as "the strongest smart car on the planet", "Model 5 that Tesla has not yet built" and "the most cost-effective pure electric car" to describe Extreme Yue 07, believing that it is competitive in the market.

Jiyue 07

The pure electric car market of 200,000-300,000 yuan is the most competitive price segment for the new car-making forces. Extreme Yue 07 faces many strong competitors, including Tesla Model 3, Xiaomi SU7 and Huawei Zhijie S7.

Xia Yiping didn’t disclose the specific sales forecast of Extreme Yue 07, only expressed the hope that the sales volume of Extreme Yue will continue to climb in the coming months. They plan to release the next new car at the Guangzhou Auto Show at the end of the year or the Beijing Auto Show next year.

He said that it is not yet possible to say exactly whether it is the turning point of the sales volume, but at least they know how to do it, "very clearly know how to do it."

The core problem solved by Extreme Yue Automobile in the past few months is how to let consumers know this brand. This intelligent automobile brand, jointly built by Baidu and Geely, was always called Jidu Automobile in the first two years of its establishment. It was not until August last year that it was renamed Extreme Yue. Two months later, Extreme Yue 01 was listed.

Xia Yiping said that there was no time for any brand to store water before they officially went public. Many users see their stores in the mall, and their first reaction is not to see how the car is, but to know nothing about the brand. They had to use huge fonts on the publicity board of the store, which was jointly created by Baidu and Geely.

This situation improved after May this year, one of the reasons is that Xia Yiping went to the stage more intensively. It is the trend of this year that the CEOs of car companies go off to do marketing in person. Countless CEOs learn how to shoot short videos, broadcast live and send Weibo from scratch, but few succeed, and often the novelty of a few months passes and then falls silent.

Xia Yiping didn’t want to make a video at first. He is a technical background, has worked in the communication and automobile industries for more than ten years, won the China Excellent Patent Award, and still holds at least 40 invention patents. One of his most well-known experiences is his participation in the founding of mobike. He is the co-founder of mobike, but also the CTO in charge of technology.

People with technical backgrounds often believe that products can speak for themselves, but this logic has encountered problems in Ji Yue. He said in a group interview with the media after the press conference of Extreme Vietnam 07 that the extreme Vietnam is not born with 1 billion users like other brands, and they need more efforts.

"We didn’t do badly at the 01 press conference, maybe it’s just that my speech skills are more refined now, and there is no problem with the communication after that press conference. The only variable is that no one knows about us."

He said that cars are not like ordinary consumer electronics. Ordinary people don’t go to car stores if they have nothing to do. There is a long decision-making process between users knowing the brand and deciding to enter the store for a test drive. "It is very difficult."

From the end of May, Xia Yiping began to shoot short videos intensively. He set himself a goal to do a live broadcast once a week and shoot a video a day. In the past three months, he has updated at least 137 short videos and made at least 20 live broadcasts. In June alone, he made 80 short videos.

Xia Yiping’s Tik Tok account

At the end of each press conference, he often has to face the owner for an hour of live broadcast. On September 10th, the launch conference of Extreme Yue 07 lasted for 2 hours, and the media group interview lasted for more than 1 hour. He immediately made an 1-hour live broadcast, and was busy until after zero.

Many CEOs will go through several rounds of packaging when they go to the stage. Most of the bosses’ speeches are cautious, and Xia Yiping seems a little stunned-he can talk about almost any sensitive issues.

Some time ago, their employees commented that Xiaomi Automobile caused controversy, and he specially recorded a video to explain it. Online celebrity, the car ring, shouted that his marketing was not good, and he also responded with a video and stood up straight. At an event, Yu Chengdong of Huawei questioned that the current level of the media’s intellectual driving competition was not good enough, and it was not fair and objective enough. He also sat in the conference room and listed the refuting reasons one by one. In the intellectual driving competition organized by an automobile media, Ji Yue and the media participated in it, and Ji Yue won the first place in several cities.

It is difficult to measure how much of these broadcasts actually translate into sales. So far, his Tik Tok account has only 49,000 fans, not a fraction of Lei Jun’s 29.18 million.

But at least the sales of Extreme Vietnam 01 are picking up. Since June, the monthly delivery volume of Extreme Yue 01 has been rising from 444 units, reaching 2,117 units in August, an increase of 108% from the previous month. Xia Yiping said that they now have a happy worry-the delivery cycle has become longer, and he has to constantly appease the owners in the live broadcast and make a special trip to the factory late at night to urge the production capacity to increase.

Extremely more than the sales in the past three months

Extreme Yue 07, which went public yesterday, experienced a longer exposure. In the past few months, Xia Yiping has dismantled 07 from the aspects of appearance, performance, battery and intelligent driving. The method he used is not to shoot a promotional film or advertise, which is common in the automobile industry, but to do the test directly.

For example, users are worried about the battery safety of trams, and they directly arrange a battery shooting experiment. The battery of Extreme Yue 07 has not been penetrated and caught fire after several rounds of shooting.

For example, the car of Extreme Yue didn’t use the door handle, and many people shouted on the Internet that it was not safe enough. He made several field tests to prove it-a freezing test at MINUS 18 degrees, a front-rear and side collision test in the automobile laboratory, and a 20-meter high slope rolling test. These tests are expensive, and the car door can still be opened normally under all kinds of violence.

Collision test of polar cross 07

Zhijia live broadcast, he did more. At first, he didn’t have any marketing concept. He often ran to the store alone when he was free, borrowed a car and turned on his mobile phone to do live broadcast. Later, he knew to do propaganda and have a concept. In August, after Jiyue held a conference on intelligent driving technology in Chengdu, he took the team to Chongqing, which is famous for its 8D magic, to measure the intelligent driving level of Jiyue. He has confidence in his own car, and he even put forward an idea, hoping to organize the CEOs of all car companies to test each other’s smart driving.

This is a "stupid method" that is not very pleasing but real. However, users like to watch this kind of field test. Some people commented under Xia Yiping’s test video, "Netizens dare to mention it, and you dare to test it, so you like this real and exciting test." The freezing test video with a temperature of 18 degrees below zero is the second highest praise in Xia Yiping’s Tik Tok account.

"What users pay attention to is what I want to test personally." Xia Yiping said at the press conference of Extreme Yue 07. He plans to do another live broadcast of 07′ s intelligent driving on September 12, challenging to show users 07′ s intelligent driving strength through the non-standard pontoon bridge.

Jiyue 07 listing conference

Extreme Yue Automobile was formally established in 2021. Compared with most of the new car-making forces established in the same period, this car company’s current achievements are not bright, such as the polar krypton, which is also owned by Geely, or Xiaomi, which has set a delivery volume of 100,000 this year.

Xia Yiping thinks this is unfair. He said that when they were established in March 2021, there were only two people in the team, and he personally ran down to rent the office in the first few months. The company’s underlying software is written from scratch, and it is not easy to realize the listing of two cars in three years. It is a real startup company starting from 0 to 1.

However, compared with other new forces making cars, Extreme Yue Automobile is the most radical one. They abandoned lidar from the beginning and were the first domestic car companies to turn to a purely visual route. They also did not use physical gear shifting and canceled the door handle.

They used the slightly uncommon concept of "AI robot" to describe their first car. According to Xia Yiping’s logic, the present has entered the AI era, and the future cars should also be defined by AI. They hope to make a car that will not be out of date after 20 years.

To this end, they have done a lot of forward-looking design and exploration. For example, the Extreme Yue 01 with a price of 200,000 yuan was the first model to use Qualcomm 8295 chip. According to Qualcomm’s original plan, this chip should be used in more than 400,000 models. At that time, another model with the same chip was Mercedes-Benz E-Class.

They were also one of the first car companies to put the big model on the car, and they are still the only car company in the world to mass-produce the smart cockpit with the big model of ERNIE Bot.

Last year, they made voice interaction available outside the car. Users can wake up the car directly outside the car with voice, which is much more difficult than the voice inside the car. Until this month, Huawei added a voice-controlled switch door when the 500,000-level M9 five-seat version went on the market.

Those radical designs also have technical support behind them. There is no physical gear shift, and the automatic gear shift is realized. There is no door handle, in addition to voice control outside the car, their intelligent electric car door also realizes automatic opening of the door to welcome guests. In addition, they also realized many intelligent functions such as automatic turn signal, side door opening protection and so on.

But this way of building a car is risky for a new force, which means more R&D investment, greater user education costs and more difficult market acceptance. In the first two months of this year, the total sales volume of Extreme Yue 01 was just over 300 units, which was far from Xia Yiping’s earliest estimated monthly sales volume of 10,000 to 20,000 units.

After the listing of Extreme Yue 07, Xia Yiping reflected on their problems when it was launched in 01. At that time, their expectations for 01 were too high, and they thought it could be an explosive car, but in the end it backfired. After their resumption, they found that it was not the car’s product strength that had a problem, but their initial brand building, marketing and sales channels, misjudgment of the current market environment and other factors.

For example, at first, they emphasized the intelligence of 01, but ignored the emphasis on the quality of the vehicle itself-many users only found out after buying a car that Extreme Yue 01 was among the best in many indicators such as endurance achievement rate and handling performance in some third-party media environmental assessment tests. For example, in this year’s summer test of pure electric SUV, Ji Yue 01 is the champion of endurance and control.

They changed when Extreme Vietnam 07 went public. In the press conference, the handling performance of 07 was listed as the same publicity focus as battery and smart driving. Xia Yiping also went to the Zhejiang International Circuit to "brush the circle" and drove the ultra-07 to run 01:50:975. In the 2024 China Top Ten Chassis Selection by China Automotive Research Institute, Extreme Yue 07 not only won the honor of Top Ten Chassis, but also won the Best Handling Award.

Jiyue 07 listing conference

"Our strategy is not only to increase the volume of sound in terms of intelligence, but also to let more people know that our products are very strong in all aspects of battery life, energy consumption, control and space. Should we break through the products?" Xia Yiping said.

At the beginning of the year, when it was cold, many people advised him that if one car was unsuccessful, it would be better to give up early and concentrate on the next one. He doesn’t believe in evil, 01 product strength is no problem, intelligence is leading, all he needs is sound volume, and he will certainly do well.

From February, he began to reform the marketing and channel side of Chaoyue, personally took the lead and led the team to turn over. He later said that only when the CEO stepped forward can more problems be solved. It is not enough to write articles, hold press conferences and make evaluations.

Although Extreme Yue 01 was not re-released, they changed the communication strategy from the beginning. In many store communication, the product strength of Extreme Yue 01 was broken down one by one and told again. "It is equivalent to re-publishing Extreme Yue 01 in the consumer scene."

In addition to shooting short videos himself, he also asked all stores in the country to go online. In June, they only had about 9 Tik Tok-certified accounts in the whole company, and now they have 300 blue V numbers. They shot 8,000 short videos in July and 13,000 in August. He believes that in the current era, every short video account is a store. Even if only 500 people watch a live broadcast of an account, there are 15,000 people a month.

From this point of view, the rapid iteration of Extreme Leap may be comparable to the MEGA storm in LI at the beginning of the year. Xia Yiping said that they are startups, and their advantage is that they can quickly try and make mistakes, verify and iterate themselves. If they can’t, they will have another one, and they will fight for physical strength and time.

The user’s recognition of this new brand is gradually improving. Xia Yiping said that this year, they found that many users who booked cars in July were test-drive owners at the end of last year. "They waited for such a long time to find that this company is actually good and can live for so long."

Changes in some industries can prove that the company is ahead in technological exploration. Since last year, the most talked about by the new car-making forces at the press conference is smart driving. In 2022, almost no car companies in China auto market really landed in NOA. In the past year alone, the measure of domestic car companies’ intelligent driving has become whether they can drive all over the country.

Most domestic car companies only started the research and development of end-to-end and pure vision solutions this year, but Extreme Yue chose pure vision solutions from the beginning of its establishment, making it one of the earliest car companies in China to start end-to-end research and development. Now, Jiyue has the only pure visual high-order intelligent driving system in China and the only one in the world, and has a complete pure visual perception system of "BEV+OCC+Transformer".

Jiyue 07 listing conference

However, perhaps it was the lack of marketing volume before. At the initial stage of listing, Extreme Yue’s lead in intellectual driving was not perceived by the public.

Baidu is the first company in China to invest in autonomous driving with the greatest R&D efforts. Backed by Baidu’s accumulation in the research and development of L4 autonomous driving, the company is one position ahead of domestic car companies in terms of intelligent driving strength.

In this year’s second China Intelligent Driving Competition, Extreme Yue won the championship in Beijing, Hangzhou and Shanghai in succession, and it is the automobile brand that won the championship the most times at present-Extreme Yue 01 is also the only car that adopts the pure visual intelligent driving scheme among the participating models.

The 2nd China Intelligent Driving Competition.

Xia Yiping said that when they first went public last year, they also focused on smart driving, but they didn’t get too strong market feedback. This year, they found that the situation has changed. "Now many people come to buy cars for smart driving." According to the data provided by Extreme Vietnam, the ASD mileage penetration rate of Extreme Vietnam has reached about 80%-which means that only 20% of the road sections of Extreme Vietnam owners are driven by themselves, and at least 80% of the road sections are driven by intelligent drivers.

It is very likely that it is also a rare car company among car companies to realize the standard of intelligent driving. The newly released Extreme Yue 07 has three configurations, with a limited time discount of 199,900 yuan for the standard version, 219,900 yuan for the long-life version and 289,900 yuan for the performance version. However, there is no difference in the intelligent driving configuration among the three. The standard version is still equipped with dual NVIDIA Orin X intelligent driving chips and the bloody version of Qualcomm 8295P intelligent cabin chips. All car owners will receive a free subscription of ASD Apollo advanced intelligent driving for 3 months.

The listing price and rights and interests of Jiyue 07

"Now the smart driving market has broken through the seed stage and is growing at the next level." Xia Yiping said that he believes that smart driving will become one of the most important car purchase decisions for consumers in China automobile market from the second half of this year. "Especially in these two or three months, the changes in the overall market are, in the final analysis, because everyone’s perception of smart driving has changed."

Xia Yiping firmly believes that the popularity of smart driving will be faster and faster, and next year will be the first year to eliminate non-high-level smart driving. "After Q4 ushered in the nationwide launch this year, consumers’ acceptance of smart driving will be higher and higher, which will open the gap between many brands and gradually eliminate some brands. Starting from Q1 next year, Zhijia will become the core promotion point of all similar products. "

The knockout round is accelerating. After getting on the bus end-to-end, the iterative speed of intelligent driving is accelerating exponentially, and the gap between the intelligent driving level of the head players and the tail players in the industry has become larger. Data, algorithms and computing power have begun to restrict the catch-up of other players.

The latest news is that Tesla plans to land FSD in China as soon as next year. Ten years ago, when Tesla first entered China, it led to the explosion of electric vehicle industry in China. The industry predicted that the landing of FSD would also set off the catfish effect and promote the popularization of smart driving.

Many CEOs of domestic car companies have shouted for the early landing of FSD. He Xiaopeng of Xpeng Motors said that he especially welcomed Tesla FSD to enter China and supported letting a hundred flowers blossom. Yu Chengdong of Huawei said that he was very happy to compete with Tesla FSD in China and was confident to beat his opponent.

Extreme Yue is the only car company in China that adopts the pure visual high-order intelligent driving system at the same level as Tesla. Xia Yiping said that under the more complicated road conditions in China, they will definitely not be worse than Tesla. He even called Extreme Yue 07 Model 5 that Tesla has not yet built. "If Musk wants to make a bigger car than Model 3, I believe it will definitely have the shadow of Extreme Yue 07."

Now, it’s time for a real knife and a real gun competition.

According to "Russia Today" (RT), Slovak Prime Minister Fizo said at the European Nuclear Energy Forum held in Bratislava on October 7 local time that the EU’s attempt to exclude Russian energy from its market was a "self-destructive and dangerous policy".

According to "Russia Today" (RT), Slovak Prime Minister Fizo said at the European Nuclear Energy Forum held in Bratislava on October 7 local time that the EU’s attempt to exclude Russian energy from its market was a "self-destructive and dangerous policy".

According to the report, in his opening speech, Fizzo criticized the EU’s plan to "completely eliminate" Russian energy as "completely absurd". He bluntly said, "We are shooting ourselves in the foot." "I am ready to argue with the European Commission all day long to make them understand that this is meaningless ideological manipulation."

Fizo information picture source: foreign media

Fizo also announced plans to build an additional reactor at the Bohunines nuclear power plant, which will be attended by American contractors and may be joined by other countries. He also mentioned that the United States is still purchasing Russian uranium resources.

Earlier, Fizo said in the question session of the National Assembly on September 25 local time that Slovakia imported only 2% of energy raw materials from Russia. Therefore, Slovakia did not make a substantial contribution to the war funds by purchasing Russian energy. He believes that Slovakia’s interest lies in maintaining the import of energy raw materials from Russia, because this is the most economical choice.

On May 6th, local time, the European Commission announced a "road map" for phasing out the import of Russian energy. According to the information from official website of the European Commission, all Russian natural gas imports will be stopped by the end of 2027, and the "road map" also restricts Russian oil and nuclear supply. In response, a spokesman for the Russian Kremlin has responded that Europe is "shooting itself in the foot".

[Editor: Li Yangzi]

　　On the morning of November 21st, a conference on the integration of technology and capital was held in Hefei, which was jointly organized by China Academy of Sciences Holding Co., Ltd. and CITIC Securities Co., Ltd.. Wang Qingxian, Governor of Anhui Province, attended and delivered a speech.

　　In his speech, Wang Qingxian pointed out that it is necessary to thoroughly study and implement the spirit of the important speech delivered by the Supreme Leader General Secretary at the Central Financial Work Conference, better combine the promotion of high-quality financial development with the realization of high-level scientific and technological self-reliance and the construction of a modern industrial system, continuously deepen the cooperation among science and technology, industry and capital, promote the deep integration of innovation chain’s industrial chain, capital chain and talent chain, and continuously improve the transformation and industrialization level of scientific and technological achievements.

　　Wang Qingxian emphasized that vigorous innovation is Anhui’s most beautiful business card, and distinctive manufacturing features are the most solid support for Anhui’s high-quality development. In the process of building an influential source of scientific and technological innovation and a gathering place of emerging industries, Anhui has given full play to the important role of capital in driving the concentration and allocation of various production factors, vigorously promoted the construction of multi-level capital markets, and effectively empowered scientific and technological innovation and industrial innovation by implementing the "Welcome to Pine" plan and building a "fund jungle" system. Anhui will persistently use platform thinking and ecological concepts to promote the integration, agglomeration and interactive coupling of factor resources, vigorously promote the construction of Silicon Valley of HKUST, Science and Technology Business School of China HKUST and Antelope Industry Internet platform, and promote scientific research institutions, colleges and universities, scientific apparatus to carry out collaborative innovation with enterprises and capital, so as to create an ecosystem of integrated development of science and technology, industry and capital.

　　Wang Qingxian said that Anhui is willing to become a "testing ground" for the integration and docking of national science and technology, industry and capital, and hopes that more investors and entrepreneurs will fully grasp the broad opportunities of Anhui in building a new development pattern, and carry out in-depth cooperation in the transformation of scientific and technological achievements, the development of emerging industries, industrial venture capital funds, and the construction of innovation platforms, and form more promotion of "science and technology — Industry — Innovative practice of virtuous circle of finance.

　　At the meeting, the main responsible comrades of China Academy of Sciences Holdings Co., Ltd. and CITIC Jiantou Securities Co., Ltd. delivered speeches successively. Nearly 500 well-known academicians and experts, representatives of listed companies, science and technology enterprises and financial investment institutions from the fields of information optoelectronics, computing chips and general artificial intelligence attended the meeting. (Reporter Wu Liangliang)

On July 20, 2021,China xing flagship SUV xingyue lOfficially listed, the new car has a total of 5 configurations, and the price range is137,200 yuan to 185,200 yuan.

Geely xingyue l is based on CMA platform.Body size is 4770 mm * 1895 mm * 1689 mm.,The wheelbase is 2845 mm.. The front face adopts energy pulse vertical grille and double-row three-section energy matrix headlights, and the rear end adopts aurora dot matrix penetrating taillights. There are six colors to choose from in car paint, namely, Cuiyu Magic Color, Moyu Black, Oyster White, Xuanwu Grey, Aurora Silver and Mars Red. Among them, the price of Cuiyu Magic Color Set is 5000 yuan, including Cuiyu Magic Color Special Car Paint+Cuiyu Double Suede Interior, Double Five-spoke Pulse Exclusive Wheel+Magic Color Exclusive Car Key.

Geely xingyue l is equipped with two powertrains, including Drive-E 2.0TD high-power T5 engine.The maximum power is 175kW.、The maximum torque is 350 n m., which can provide an extra torque of 30N·m in the supercharging mode. Matching with this,Aixin 8AT gearboxandThe 6th Generation Electro-hydraulic Four-wheel Drive System of Borgwarner. Drive-E 2.0TD medium power engine,The maximum power is 160kW., maximum torque325N·mAnd, to match it,7DCT EVO wet dual clutch gearbox.

The car adopts a triple screen design across the center console.25.6 inch AR-HUD realizes four-screen linkage.. Hardware adoption of latheQualcomm Snapdragon 8155 chipThe software is equipped with Geely Galaxy OS for the first time, which has reached new heights in human-computer interaction, intelligent control of the whole vehicle, edge AI and open ecology.

In terms of materials and comfort configuration, Geely Xingyue L adopts large-area leather wrapping and double-color interior design, and adopts full-size and fully-fitted luxury seats. Some models are also equipped with.10-speaker BOSE audio and ANC active noise reduction function.

In terms of intelligent driving assistance, Geely Xingyue L is equipped with26 safety auxiliary functions, such as LCA automatic lane change assistance, EMA automatic emergency avoidance assistance, large vehicle avoidance, HWA expressway assistance, etc. At the same time, Xingyue L is equipped with a series of passive safety designs, such as hood pedestrian protection, front collision subframe, pressure-holding side air curtain, anti-whipping safety seat, active pre-tensioned seat belt, high-strength cage body and so on, to further improve vehicle driving safety.

As a brand-new flagship SUV born in CMA architecture, Geely Xingyue L has strong strength in design, materials, hardware, software and other aspects, setting a new benchmark for the high-end value of China Star flagship SUV.

　　Xinhua News Agency, Jakarta, October 8th 　Interview: Fed’s aggressive interest rate hike drags down the recovery process of emerging economies — — Interview with Dundee Ramdani, Economist of Mandiri Bank, Indonesia

　　Xinhua News Agency reporter Wang Aona

　　Dundee Ramdani, an economist at Mandiri Bank in Indonesia, said in an exclusive interview with Xinhua News Agency in Jakarta a few days ago that the aggressive interest rate hike by the Federal Reserve led to high imported inflation in emerging economies, which dragged down their economic growth prospects.

　　Dundee said that at present, emerging economies, including Indonesia, are forced to follow the United States to raise interest rates at the expense of their own consumption and investment growth, and Indonesia’s economic growth may slow down next year.

　　"Imported inflation will lead to capital outflows and slower growth in emerging economies. For domestic enterprises, while financing and production costs increase, the contraction of the consumer market will affect the income of enterprises, and the pressure on enterprises to survive will soar under the double impact. " He said.

　　Under the influence of rising energy prices and uncertainties in global financial markets, Indonesia announced on September 22nd that it would raise its benchmark interest rate by 50 basis points to 4.25%.

　　The Governor of Indonesia’s Central Bank, Perry Vajyo, said that it is estimated that by the end of 2022, Indonesia’s inflation rate will exceed the previously set upper limit of 4%. The purpose of this interest rate hike is to reduce inflation expectations and achieve the goal of controlling the inflation rate at 3% and fluctuating by 1% in the second half of 2023.

　　The latest research report of the Bank of Indonesia pointed out that the current high inflation in developed and emerging economies has prompted many countries to adopt more radical monetary policies. The Fed has raised interest rates many times and may continue to raise interest rates aggressively in the future. This move strengthened the US dollar, aggravated the turmoil in global financial markets, and increased the pressure of maintaining stability of local currency exchange rates in emerging markets, including Indonesia.

　　Dundee believes that maintaining exchange rate stability is very important to all countries and is related to the confidence of the outside world in the local currency. The interest rate hike by the Federal Reserve has led to the devaluation of many countries’ currencies, and at the same time, many countries have realized the necessity of "dollarization". At the same time, in addition to the SWIFT system, countries should support the development of other settlement systems to help the economies of emerging economies maintain stability.

　　

　　Cctv news(Reporter Xiong Yunyun) On the afternoon of March 4th, Jiangxi Xinyu Public Security Bureau held the launching ceremony of the "quick reaction system" service mechanism of Xinyu Public Security Bureau in the square in front of Jiyang Police Workstation in order to further promote the pilot work of building a peaceful Xinyu and modernizing the social governance in the city.

　　"Quick-reaction system" refers to the rapid reaction circle that takes the construction of command system as the "brain", the construction of prevention and control system as the support, the integration of police and species as the starting point, and the construction of team and equipment as the guarantee. It is a rapid reaction system with Xinyu public security characteristics, which covers the whole core city, is on standby 24 hours a day and arrives in "1, 3 and 5" minutes.

　　After the service mechanism of "quick reaction system" is completed and put into use, it will form a rapid response pattern of combining point, line and plane and linking special groups, further improve the rate of seeing police and handling affairs, become an outpost for serving the masses, preventing public security, resolving disputes and dealing with emergencies, effectively improve the efficiency of police work and the ability to control public security, and make new and greater contributions to the construction of a peaceful Xinyu.

　　Xia Deyong, deputy mayor of Xinyu City, secretary of the Party Committee and director of the Municipal Public Security Bureau, said that the launch of the "quick reaction system" service mechanism of the public security organs in Xinyu City marked a new breakthrough in the policing mode based on street policing workstations, new progress in the prevention and control system led by smart policing, and new achievements in the convenience measures aimed at serving the masses, which is of great significance in the history of public security development in Xinyu City.

　　Next, the public security organs in Xinyu will use innovative ideas to "solve problems", reform methods to "solve problems" and take the initiative to "answer questions", comprehensively promote the implementation of the "quick reaction system" service mechanism in Xinyu, and create a new modern policing model with "intensive police force, diversified functions, flat command, efficient service, standardized law enforcement and convenient service".

Video:Deng Chao played bad and listened to the children’s song Baby was scared silly, and the roar of the ghost lion broke Li Chen’s eardrum

Zhejiang Satellite TV’s "Running Brothers" broadcast the eleventh program "Three Schools Tournament" at 21:10 pm on December 19 (Friday). In the program, the "Running Group" and guests Lin Junjie and "Ghost" Wu Yingjie all returned to school to transform into "straight-A student". The youthful and pressing costumes made people’s eyes shine. Many viewers marveled that the "Running Group" was really getting younger and younger. As a high-end variety show with the goal of creating joy, "Running Brothers" not only brings joy to everyone, but also always spreads various positive energy life concepts. For this reason, it has also been praised by the authoritative media "People’s Daily". In the second round of the game "Hundred Runners Race" in this episode, the "Running Group" once again showed the power of "running" with practical actions. In the game, the three competing teams were still a little tense before the start of the run, and when the run officially started, they were all infected by the positive atmosphere brought by the run and couldn’t help but cheer for each other. Moreover, it was raining heavily on the day of the recording of the show, and the appearance of hundreds of people running together in the rain was full of touching inspirational breath. After watching the show, many viewers said: "The part of running in the rain is just too loving. Everyone is so serious and hard-working. I can’t help but want to run in the rain with them."

And this issue of the "brand-name war" was equally exciting. Because of the "Three Schools Tournament", the newly formulated offensive and defensive rotation rules once again gave the game a new lease of life, and all kinds of amazing hilarious scenes followed. Wang Zulan, who had been "bullied" in the previous brand-name game because of his weak size and had never torn anyone else, finally completed his brand-name-tearing first kill; Angelababy actually became the heroine of Lin Junjie’s new song MV because of protecting his teammate Zheng Kai and his brand; Chen He, who had always loved to stick to "Nanny" Li Chen, also dared to directly provoke the other party this time. All kinds of unexpected situations made the audience enjoy watching, and said one after another: "This is probably the most reversed brand-tearing war, it’s simply wonderful!"

"Run, Brothers" Hundreds of people run in the rain "Love warms hearts"

As a "positive energy variety show" once praised by the People’s Daily, "Run Brothers" has unique communication skills in spreading joy, touching, and inspirational elements. The secret lies in the natural advantage of "running". In this episode, three teams will lead their respective 100 students in an 800-meter medium-distance race. This distance is neither long nor short. It is no pressure for strong boys, but it is not a small challenge for weak girls. Before the run began, the three teams were still unconvinced to provoke each other, fighting dances and shouting slogans. The scene was not lively. But after starting to run, when I saw that the neat team was distancing themselves due to differences in personal physical fitness, and some students were obviously losing their physical strength and gradually falling behind, the other two teams, who were competitors one second ago, became cheerleaders cheering in unison, cheering for the team that was running hard. The scene was very touching.

In the last episode of the show, Wang Zulan accidentally sprained his ankle, so this time because of the injury and inconvenience, the speed was obviously not able to keep up with the big army. The boys in the same team immediately took turns running with him, fully demonstrating the good character of mutual help. After watching the show, the user @Youdar sighed: "At first, I heard that I was worried about Lan Lan’s foot injury, but I didn’t expect him to enjoy the treatment of the’eight-lift palanquin ‘because of this. The performance of the classmates is really warm."; Lin Junjie’s yellow team had a loyal female fan who helped them complete the task of eating biscuits in the previous game, but the girl was obviously not able to adapt when she started running, and it didn’t take long to be left far behind. Li Chen and Lin Junjie, who were running in front of the team, immediately turned to her side to encourage her, one left and one right to accompany her to run the whole distance. Although the final result dropped, Lin Junjie didn’t care and kept comforting the guilty girl: "The most important thing is that everyone completes the task together." After reading this paragraph, many viewers said: "This kind of group game can best show everyone’s spirit of helping each other. The performance of the’running team ‘was very good. At the end, the moment all the members reached the finish line, they were moved to tears, okay? I also want to run with them."

The famous brand war and reversal frequency are fascinating, and netizens are hooked

If the "Hundred Runners Race" is full of love and warmth, then the finale "Tear Brand War" brings infinite joy. This issue of "Tear Brand War" also has new rules without suspense: the attacker turns into an invincible "Bell Man", and the defender can only run away and defend but not counterattack. Because of this interesting rule like BUG, there are many unprecedented exciting situations in this episode. Because of his weak physical fitness, Wang Zulan has been complained by his teammates since the first episode of the show. When playing the game of "Tear Brand", he became the only member of the "Running Team" who did not successfully tear other people’s brand. And Wang Zulan was also full of deep obsession with tearing up the famous brand. In the last episode, he kept begging Angelababy to let him fulfill his wish, but in the end not only failed but also sprained his ankle. In this episode, because of the invincible status of the "bell man", Wang Zulan finally had the best chance to realize his wish. Although he was the only one left in the blue team in the end, he still relied on excellent "diplomatic" means to join Angelababy and Chen He to KO the "ghost" Wu Yingjie. However, after successfully completing the first kill, Wang Zulan obediently obediently obeyed the agreement and let Li Chen KO himself. Many viewers were completely amused by Wang Zulan’s obsession after watching this paragraph, and they all said: "Wang Zulan went from having hope of getting the first kill to having his teammates eliminated, and then joined the yellow team to complete the first kill, and in the blink of an eye was KO by’Chen Ma ‘.

Wang Zulan "worked hard and tried hard" in order to fulfill his wish, and Angelababy "sacrificed his life" without hesitation in order to protect himself and his teammates. In the program, Angelababy came forward to negotiate despite the danger in order to save Zheng Kai, who was caught by Lin Junjie. In the face of the pleas of his friends, Lin Junjie was also a little embarrassed to start, and he was ready to release a new album. He had an idea and said, "Angelababy, if you help me shoot the MV for my new album, I will let you go." The baby who was trapped in the tiger’s den was immediately so excited that he said three times in a row: "I will shoot." Some attentive netizens checked after watching the show and found that Angelababy had indeed become the heroine of Lin Junjie’s new song "It’s a pity there are no ifs". Many netizens were shocked by Lin Junjie’s efficiency and said: "JJ, are all your MV heroines’abducted ‘like this? No wonder you still had to pull the hook at that time, it was too witty."

Author | Cao Shuangtao

Editor | Yang Bocheng

Title map | IC Photo

According to relevant media reports, Baichuan Intelligent, founded by Wang Xiaochuan, the former CEO of sogou Company, is carrying out a new round of financing with hundreds of millions of dollars, which may become one of the largest financing in the domestic AI field in 2024.

Although Baichuan Intelligent did not respond to this financing rumor, some investors revealed that the financing has not yet been finalized, and the specific valuation is different from the market rumor of $1.8 billion.

In addition to the valuation of Baichuan Intelligent exceeding 10 billion yuan, the current valuation of the dark side of the moon and MiniMax exceeds 2.3 billion US dollars and 2.5 billion US dollars respectively, and the valuation of Zhipu AI exceeds 10 billion yuan. With the help of capital, these four AI startups are becoming the "four new AI dragons" in the era of generative AI. Take Zhipu AI as an example. In the third quarter of 2023, Zhipu AI directly completed the B5 round of financing.

Source: Tianyancha

Behind the capital bet on the "new AI Four Little Dragons", or the epitome of the high enthusiasm of the global capital market for the AI ​ ​ big model in 2023.

According to public data, in 2023, the number of investment and financing in AI field in China was about 232, and the total amount of financing was about $2 billion. According to CBInsights data, in 2023, generative AI startups received about $20.4 billion in global financing, more than five times that of $3.6 billion in 2022.

In 2024, the capital market is gradually changing from hot to cold for the big AI model. In the primary market, IT orange data shows that in 2024, the amount of financing for AI production and AI industry applications in Q1 was 12.389 billion yuan and 7.401 billion yuan respectively, and the corresponding number of investment events was 36 and 65 respectively.

If we consider that the "New AI Four Little Dragons" have won a large amount of financing in the industry, other AI start-ups are facing the problem of financing difficulties and less financing, and AI applications have also become a new direction of capital concern.

Overseas markets are similar to those in China. Meritech Capital, which invested in Facebook and Salesforc, as well as TCV, General Atlantic, Blackstone and other institutions have suspended their attention to generative AI. Gartner analyst John-David Lovelock said that the investment of billions of dollars in big models has slowed down and almost ended, and hot money has flocked to AI applications.

Source: The Information Database

In the secondary market, the AI big model has been difficult to drive the stock price of enterprises to rise. On April 17th, for example, the share prices of Baidu, 360, Iflytek, Jinshan Office and many other enterprises all dropped significantly compared with the highest point in 2023, and some enterprises even fell by over 60%.

Source: Based on public information collation

Behind this is that the big model has driven the company’s performance lower than market expectations. Based on the financial reports of many listed companies in 2023, AI has made limited contributions to the performance of other listed companies, except for Baidu and Meitu, which achieved substantial profit growth through AI. In 2023, the net profit of Bailian shares and Perfect World dropped sharply.

Source: Financial reports of major companies

The essence of the primary and secondary markets reveals that with the rapid progress of AI big model technology, how can enterprises hedge the high training cost and research and development cost of big models? How can AI make money, so as to drive the continuous growth of the performance of AI start-ups and quickly complete the IPO to achieve listing?

When commercialization becomes the new direction of AI big model competition in 2024, AI start-ups with doubtful business models and weak revenue growth will accelerate their liquidation, and the industry will usher in a real reshuffle stage.

First, the subscription mode and intelligent hardware at the TOC end need to be accumulated for several years.

Since the development of the big model in 2023, one of the big models on the TOC side has been commercialized as the Internet subscription model. For example, the price of continuous monthly subscription and annual membership in ERNIE Bot is 49.9 yuan and 588.8 yuan respectively. Zhipu AI charges according to tokens used by users during their visit to official website.

Source: official website, ERNIE Bot

The other is to build AI capability and put it on intelligent hardware. In addition to common AI mobile phones, AI learning machines, AI PC, and AI TVs, Humane, an American startup AI company, has also launched an AI Pin with the size of a badge and no screen. The device is connected to the mobile phone software service in Cosm OS mode, and the information is projected on the user’s palm, and the interaction is carried out in voice control mode.

Source: Amazon

However, from the perspective of AI intelligent hardware, whether it is Huawei Mate60, which sold well last year, or Samsung Galaxy S24, which went global, it won 6.53 million units by the end of February this year, all of which are the flagship models of manufacturers. And the profit earned by millions or tens of millions of shipments is almost negligible before the manufacturer’s high R&D investment.

At the same time, changes in overseas consumer markets are forcing manufacturers to decentralize the prices of intelligent hardware products equipped with AI functions.

According to sources in the supply chain, inflation in many overseas countries is still at a high level, and Samsung and Apple have lowered their shipment expectations in 2024. Relevant research institutions have also lowered the growth rate of smartphones from the original 5%-10% to around 5% or lower in 2024. Based on this, mobile phone SoC and brand manufacturers have accelerated the decentralization of AI functions to low-end models in overseas markets, hoping to improve the penetration rate of AI phones.

The same situation also appears in the AI PC market. At this stage, consumers may increase their willingness to buy because of the AI function carried by PCs, but they will not pay higher prices. AI has no obvious value-added effect on PC manufacturers for the time being. If PC manufacturers want to hedge R&D costs, they can only decentralize the price of AI PC.

If the price decentralization drives the growth of shipments and usage, manufacturers must invest more large-scale model computing power to ensure the user experience, which in turn raises the operating costs of manufacturers. Moreover, with the prolonged period for consumers to buy smart hardware such as smart phones and PCs, hardware products such as computing chips and peripheral chips also need to be prepared 3-5 years in advance to ensure that the upgraded services are not micro-upgraded.

Intelligent hardware manufacturers also need to continue to differentiate AI scene services. Otherwise, under the condition that e-commerce platforms can buy large model members of Internet vendors at low prices, high-priced AI hardware products will make consumers feel that the price ratio is insufficient and discourage consumers.

At a deeper level, AI intelligent hardware products are upgraded or innovated on the basis of existing products, and the consumption logic of intelligent hardware market has not changed. This means that large-scale profit can be achieved by driving sales growth through AI equipment, and the time period may be longer.

Considering that the global intelligent hardware market segment is basically mastered by the head manufacturers, and most of these enterprises are mainly self-developed AI models, leaving limited opportunities for AI startups.

Domestic AI start-ups that are aware of this problem are mostly based on Internet subscription, and the scenes are mostly concentrated in the fields of chat bots and derived AI virtual companionship. For example, Star Field of MiniMax has grasped the market demand with domestic female game users as the core, and brought value-added charging points for products on the basis of chat and dialogue.

If you want to run through the Internet subscription mode, the core needs to solve key problems such as user growth, user experience and user retention. Especially when the domestic TOC users are not aware of the payment, it is necessary to ensure the continuous growth of the big model APP DAU.

In terms of user growth, based on the advantages of traffic, brand and user accumulation, the growth rate and cost of obtaining users will be lower than that of AI start-ups. However, if we refer to the development of ChatGPT, Miaoya camera and kimi, if AI start-ups can create a large explosion model, it can save a lot of promotion costs and achieve exponential growth.

For example, in March this year, the most visited AI products in China were Baidu Translation, Baidu Wenxin and Kimi, with 57.44 million, 14.79 million and 12.19 million visitors respectively. Among them, the number of visits by kimi has tripled compared with the same period of last month.

Source: Similar

However, at present, the retention of users of large model apps is worrying. Quest mobile data shows that in January 2024, the proportion of active users of TOP10 domestic model apps was less than 20%, the three-day retention rate was less than 50%, and the unloading rate of 10,000 volumes of AI reached 94.3%.

Under the 100-mode war in 2024, various AI scene APPlications emerge in an endless stream, which makes users more critical. At the same time, it is more difficult for various enterprises to build explosive model apps. The cost of AI startups to gain user growth through information flow, app stores and app stores will continue to rise. How to continuously innovate the scene and ensure the retention of users has become a difficult problem for AI startups.

Source: Quest mobile

The instability of user retention will directly affect the operating costs of AI enterprises. For example, when the number of user visits increases sharply, AI enterprises need to expand the computing power of large models. However, when the number of visits plummeted, the problem of idle computing power of large models appeared again.

Considering the current high cost of large-scale model computing power, how to share the cost to reduce the computational burden and how to "cut the peak and fill the valley" of large-scale model computing power is another difficult problem faced by AI company.

Second, TOB end: AI big model is developing along the path of SaaS.

Different from the commercialization of TOC-end big model, which needs long-term accumulation of users to get through the profit mode, the commercialization of TOB-end big model may achieve faster results. All kinds of software, such as AI big model, SaaS and cloud, are valuable only if they bring real cost reduction and efficiency improvement to enterprises, and only then will business owners be willing to pay the bill.

At present, the value of cost reduction and efficiency improvement brought by AI big model to enterprises is being reflected. After the Sore explosion at the beginning of this year, many Hollywood companies in the United States started to lay off employees.

According to a report released by Adecco Group, a human resources provider, due to the rapid progress of AI big model technology, after investigating the senior executives of 2,000 large companies around the world, it was found that about 41% of senior managers expected that the number of employees would decrease. Overseas giants such as Google and Microsoft have started a wave of layoffs since the beginning of this year.

However, the willingness of domestic business owners to buy software is low, which can be seen from the difference in software GDP between China and the United States and the valuation of domestic SaaS vendors generally lower than that of the United States. More importantly, at present, the value brought by the TOB-end big model to enterprises is still in a fragmented state.

Source: wind

According to the love analysis report, in 2023, the domestic large model market scale was only 5 billion yuan, and in 2024, it only increased to 12 billion yuan. Although Kingdee and UFIDA released large-scale model products one after another in 2023, they also held a large number of TOB-side enterprise resources. However, the financial reports of the two companies in 2023 were not good-looking. Although Kingdee’s net profit growth rate turned from negative to positive, its revenue growth rate almost stagnated, and UFIDA’s net profit growth rate plummeted by more than 500%.

Source: Enterprise Alert

How to make domestic TOB-side business owners truly realize the value of the big model, especially compared with traditional SaaS services. It has become a problem that AI enterprises urgently need to solve in order to develop the TOB-end big model market.

Further, the commercial customization service of TOB-side large model will face two thorny problems in the future.

On the one hand, price power is the key for SaaS enterprises and cloud enterprises to remain competitive. In February this year, after Alibaba Cloud started to reduce prices in the domestic market, the prices of many products supporting offshore data centers continued to decrease in April, with some products dropping by as much as 59%.

On the other hand, the price war of new energy vehicles from 2023 to now has completely entered a white-hot stage. And the OEM also realized that the price war will not stop in the short term, and they are looking for upstream autopilot manufacturers to make profits.

As a strong party, OEM has absolute right to speak. Autopilot solution manufacturers increase brand awareness based on winning more orders from OEMs, and OEMs generally require enterprises to have complete project experience in the bidding stage, so they can only reduce prices continuously.

With the increasing number of AI companies currently deploying the TOB-side commercialization model, it is difficult to guarantee that the story that happened to the autopilot solution provider will not appear in AI companies in the future. Price wars among peers and downstream customers demand price cuts. Will AI companies increase their income but not increase their profits like autonomous driving companies in the future?

On the other hand, customizing a large model for the TOB side is not only a cliche about data security, deployment cost, specialization, and a high understanding of customer needs. AI enterprises also face similar problems with SaaS enterprises and cloud service enterprises. For example, customized services have low reproducibility and repeatability, high enterprise investment, and long customer tracking time. In particular, the payment cycle of large enterprises is relatively long, and the cash flow requirements for AI start-ups are extremely high.

Third, the AI ​ ​ new creation knockout started, and the industry ushered in accelerated integration

At present, in overseas markets, the AI ​ ​ new creation knockout tournament has started, and some AI start-ups with wrong business strategies are being harvested by big factories. For example, companies such as Banana, Togo, and RunPod in the United States provide GPU server rental services to AI startups that cannot afford cloud services from large manufacturers at low prices. In 2023, when AI was hot and GPU was out of stock, these companies also won a lot of financing.

However, when AI Xinchuang gets a lot of financing, it will buy services from GPU server manufacturers instead of looking for "Banana" lease. And compared with the large model with a wide range of applications, many enterprises hope to adopt a small model that is more correct in the professional field and lower in cost. This has caused a serious decline in the demand of "Banana", and Banana also announced the termination of the service in March this year.

According to Bloomberg News, in March this year, Microsoft acquired Mustafa Suleyman, founder of Influence AI, and 70 employees, and invested $650 million to obtain AI software authorization.

GavinBaker, a senior executive of Atreides Management, an investment institution, said that the basic model will become the fastest depreciated asset in history if proprietary and real-time data cannot be obtained and there is not enough deployment pipeline.

Bloomberg columnist Olson said that although these AI startups supported by venture capital have technical capabilities, it is not easy to build computing power enough to support text and image-generated AI, which will cost tens of millions of dollars. In the future, AI start-ups such as Anthropic, Character Ai and Perplexity will encounter similar problems as Inflection AI, that is, they cannot find a feasible business model.

Large-scale technology companies such as Google, Amazon, Meta, etc. are continuing to wait and see for start-up AI companies, and will acquire a large number of talents and technologies from these AI start-ups without touching on antitrust.

This scene that is being staged in overseas markets will also be accelerated in the domestic market in the future. On the one hand, the commercialization of domestic large models is different from that of Europe and America. If you want to drive the performance growth of AI startups by going out to sea, you need to face strict regulatory supervision and data compliance challenges.

The report "The AI Index Report 2024" issued by the AI Research Institute of Stanford University pointed out that the US AI regulatory regulations have increased significantly in the past five years, especially in 2023, there were 25 sets of AI-related regulations, compared with only one set in 2016.

Overseas technology companies such as Microsoft, Google and OpenAI have been robbing the world’s top AI talents through higher R&D investment. For example, Demis Hassabis, CEO of Deep Mind, Google’s AI department, predicts that the company’s spending on artificial intelligence technology may exceed $100 billion.

On the other hand, the pursuit of maximizing the return on investment is the goal of constant capital, but the IPO of AI startups in the global market is not smooth at present. For example, Reddit in the United States said in the IPO that AI will become a new growth area for the company.

However, according to the report of JPMorgan Chase, by Q4 of 2023, the basic users of Reddit were 73 million. Even if DAU can increase to 109 million in 2026, there are still big differences compared with social apps such as Meta, Facebook and X. Based on this, Goldman Sachs and JPMorgan Chase gave a "neutral" rating and a target price of $40 and $47 respectively.

Source: Reuters

If domestic AI start-ups fail to meet capital expectations in terms of user and revenue growth. In the current cold winter of the capital market, how much patience does capital have? How do AI start-ups that can’t get a new round of financing face the rising prices in the upstream of AI? Samsung, TSMC, Qualcomm, Micron and other AI upstream enterprises, the Q1 revenue and profit growth rate in 2024 exceeded expectations.

Undoubtedly, the future AI big model will definitely produce greater economic value. Only when the commercialization of the domestic AI model is still unclear, how many companies will fall in the night before dawn?

　　In order to thoroughly study and implement the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, especially the Supreme Leader’s Ecological Civilization Thought, the Central Propaganda Department and the Ministry of Ecology and Environment have organized the compilation of the book "Learning Outline of the Supreme Leader’s Ecological Civilization Thought", which has been jointly published by Learning Publishing House and People’s Publishing House and will be distributed nationwide from now on.

　　Since the 18th National Congress of the Communist Party of China, the CPC Central Committee with the Supreme Leader as the core has profoundly grasped the important position and strategic significance of ecological civilization construction in the cause of Socialism with Chinese characteristics in the new era from the perspective of the sustainable development of the Chinese nation, vigorously promoted theoretical innovation, practical innovation and institutional innovation of ecological civilization, creatively put forward a series of new ideas, new ideas and new strategies, and formed the Supreme Leader’s ecological civilization thought. The Supreme Leader’s ecological civilization thought is an important part of the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era. It is a great achievement of combining the basic principles of Marxism with the practice of ecological civilization construction in China and the excellent traditional ecological culture in China. It is a concentrated expression of the practical innovation and theoretical innovation of the Party Central Committee with the Supreme Leader as the core in the field of ecological civilization construction, and it is a fundamental follow-up and action guide for China’s ecological civilization construction in the new era.

　　The Outline consists of 10 chapters, 31 orders, 87 articles and 51,000 words. The book systematically explains the core essence, spiritual essence, rich connotation and practical requirements of the Supreme Leader’s ecological civilization thought, and comprehensively reflects the original contribution of the Supreme Leader’s Socialism with Chinese characteristics Thought in the field of ecological civilization construction in the new era. The Outline is comprehensive in system, rigorous in structure, rich in content, faithful to the original text and vivid and simple in style. It is an authoritative auxiliary reading for the broad masses of cadres and people to thoroughly study and understand the supreme leader’s ecological civilization thought.

　　The Propaganda Department of the Central Committee issued a notice requesting party committees (party groups) at all levels to incorporate the Outline into their study plans, comprehensively study systematically, follow up studies in time, think deeply and integrate with practical studies, persistently arm their minds, guide practice and promote their work with Socialism with Chinese characteristics Thought of the Supreme Leader in the new era, consciously be firm believers and loyal practitioners of the Supreme Leader’s ecological civilization thought, and constantly open up a new situation in ecological civilization construction in the new era, so as to build a socialist modern country in an all-round way and win great victories in Socialism with Chinese characteristics in the new era.