Xinhua News Agency, Davos, Switzerland, January 17th-The Supreme Leader of president attended the opening ceremony of the 2017 annual meeting of the World Economic Forum on January 17th and delivered a keynote speech entitled "Sharing the responsibility of the times and promoting global development together". The full text of the speech is as follows:

Sharing the responsibility of the times and promoting global development

— — Keynote speech at the opening ceremony of the 2017 annual meeting of the World Economic Forum

(Davos, January 17, 2017)

Chairman People’s Republic of China (PRC), Supreme Leader

　　Dear President Leuther Harder and Mr. Hausen,

　　Distinguished heads of state, heads of government, deputy heads of state and their wives,

　　Dear heads of international organizations,

　　Dear President Schwab and his wife,

　　Ladies and gentlemen, friends,

　　I am very happy to come to beautiful Davos. Although Davos is only a small town in the Alps, it is an important window to observe the world economy. Everyone gathered here from all directions, and all kinds of ideas collided with sparks of wisdom, and achieved high output with less input. I think this phenomenon can be called "Schwab economics".

　　"This is the best time, but also the worst time", British writer Dickens once described the world after the industrial revolution. Today, we also live in a contradictory world. On the one hand, material wealth is accumulating, scientific and technological progress is changing with each passing day, and human civilization has developed to the highest level in history. On the other hand, regional conflicts occur frequently, and global challenges such as terrorism and refugee flows are one after another. Poverty, unemployment and income gap are widening, and the uncertainty facing the world is rising.

　　In this regard, many people are confused. What happened to the world?

　　To solve this puzzle, we must first find the root of the problem. There is a view that the world chaos is attributed to economic globalization. Economic globalization was once regarded as the cave of Alibaba, and now it is regarded as Pandora’s box by many people. The international community has held extensive discussions around the issue of economic globalization.

　　Today, I want to talk about my views on the world economy from the perspective of economic globalization.

　　What I want to say is that many problems that plague the world are not caused by economic globalization. For example, in the past few years, the tide of refugees from the Middle East and North Africa has affected the whole world, millions of people have been displaced, and even many young children have been buried in the sea on the way, which makes us sad. The causes of this problem are wars, conflicts and regional turmoil. The way to solve this problem is to seek peace, promote reconciliation and restore stability. For another example, the international financial crisis is not the inevitable product of the development of economic globalization, but the result of excessive profit-seeking of financial capital and serious lack of financial supervision. Simply blaming the problems that plague the world on economic globalization is neither in line with the facts nor helpful to solve the problems.

　　Historically, economic globalization is the objective requirement of the development of social productive forces and the inevitable result of scientific and technological progress, and it is not artificially created by any person or country. Economic globalization has provided a strong impetus for world economic growth and promoted the flow of goods and capital, the progress of science and technology and civilization, and people-to-people exchanges among countries.

　　Of course, we also have to admit that economic globalization is a "double-edged sword". When the world economy is in a downturn, the "cake" of the global economy is not easy to get bigger or even smaller, and the contradiction between growth and distribution, capital and labor, efficiency and fairness will become more prominent, and both developed and developing countries will feel the pressure and impact. The voice of anti-globalization reflects the deficiency of the process of economic globalization, which deserves our attention and deep thinking.

　　"Sweet melons are bitter, and beautiful dates are thorns." Philosophically speaking, there is no perfect thing in the world. It is not comprehensive to regard it as perfect because it has advantages, and it is not comprehensive to regard it as useless because it has disadvantages. Economic globalization has indeed brought new problems, but we can’t kill it with a stick, but we should adapt to and guide it, eliminate its negative effects and make it better benefit every country and nation.

　　At that time, China had misgivings about economic globalization and had misgivings about joining the World Trade Organization. However, we believe that integration into the world economy is the historical direction. If China wants to develop its economy, it must dare to swim in the sea of Wang Yang in the world market. If it never dares to go to the sea to see the world, it will drown in the sea one day. Therefore, China bravely entered the world market. In this process, we choked over water, encountered whirlpools and encountered storms, but we learned to swim in swimming. This is the right strategic choice.

　　The sea of the world economy, whether you want it or not, is there and you can’t avoid it. It is impossible to artificially cut off the capital flow, technology flow, product flow, industrial flow and personnel flow of various countries’ economies, and let the sea of the world economy retreat to isolated small lakes and rivers, which is also inconsistent with the historical trend.

　　Human history tells us that it is not terrible to have problems. What is terrible is that we dare not face the problems directly and cannot find a way to solve them. Facing the opportunities and challenges brought by economic globalization, the correct choice is to make full use of all opportunities, cooperate with all challenges, and guide the direction of economic globalization.

　　At the end of last year, I proposed at the informal meeting of APEC leaders that the process of economic globalization should be more dynamic, inclusive and sustainable. We should take the initiative and manage appropriately, so as to release more positive effects of economic globalization and realize the rebalancing of the process of economic globalization; We should conform to the general trend, combine the national conditions and correctly choose the path and rhythm of integrating into economic globalization; We should stress efficiency and fairness, so that different countries, different classes and different people can share the benefits of economic globalization. This is the responsibility of the leaders of our time, and it is also the expectation of people from all over the world.

　　Ladies and gentlemen, friends!

　　At present, the most urgent task is to lead the world economy out of the predicament. The world economy has been in a long-term downturn, and the gap between the rich and the poor and the gap between the north and the south has become more prominent. The root cause is that the three prominent contradictions in the economic field have not been effectively solved.

　　First, the global growth momentum is insufficient to support the sustained and steady growth of the world economy. The growth rate of the world economy is at the lowest level in seven years, and the growth rate of global trade continues to be lower than the economic growth rate. Short-term policy stimulus is not effective, and deep-seated structural reforms are still being promoted. The world economy is in the shift period of kinetic energy conversion, and the pulling effect of traditional growth engines on the economy is weakened. Although new technologies such as artificial intelligence and 3D printing are constantly emerging, new economic growth points have not yet formed. The world economy has still failed to open up a new path.

　　Second, global economic governance is lagging behind and it is difficult to adapt to the new changes in the world economy. Not long ago, Ms. Lagarde told me that the contribution rate of emerging market countries and developing countries to global economic growth has reached 80%. In the past few decades, the international economic power has undergone profound changes, but the global governance system has failed to reflect the new pattern, which is not representative and inclusive enough. The global industrial layout is constantly adjusting, and new industrial chains, value chains and supply chains are increasingly formed. However, trade and investment rules have failed to keep up with the new situation, and the mechanism is closed and the rules are fragmented. The global financial market needs to strengthen its ability to resist risks, but the global financial governance mechanism has failed to meet the new demand, and it is difficult to effectively solve the problems such as frequent turmoil in the international financial market and the accumulation of asset bubbles.

　　Third, the global development is unbalanced and it is difficult to meet people’s expectations for a better life. In his book The Fourth Industrial Revolution, Mr. Schwab wrote that the fourth industrial revolution will have an extremely extensive and far-reaching impact, including increasing inequality, especially the gap between capital return and labor return. The wealth of the richest 1% population in the world exceeds the sum of the wealth of the remaining 99% population, and the unequal income distribution and unbalanced development space are worrying. More than 700 million people in the world still live in extreme poverty. For many families, having a warm house, enough food and a stable job is still a luxury. This is the biggest challenge facing the world today, and it is also an important reason for social unrest in some countries.

　　These problems reflect that there are problems that must be solved in the current world economic growth, governance and development model. Du Nan, the founder of the International Red Cross, said: "The real enemy is not our neighbors, but hunger, poverty, ignorance, superstition and prejudice." We should not only have the wisdom to analyze problems, but also have the courage to take action.

　　First, adhere to the drive of innovation and create a dynamic growth model. The fundamental problem facing the world economy is the lack of growth momentum. Innovation is the first driving force for development. Compared with previous industrial revolutions, the fourth industrial revolution unfolded at an exponential but nonlinear speed. We must find a way out in innovation. Only by daring to innovate and change can we break through the bottleneck of world economic growth and development.

　　The G20 leaders reached an important consensus at the Hangzhou Summit, and they should take innovation as an important starting point to tap new impetus for economic growth of countries and the world. We should innovate the concept of development, go beyond the debate about whether fiscal stimulus is more or monetary easing is more, and establish the idea of treating both the symptoms and root causes and comprehensive policies. We should innovate policy means, promote structural reforms, create space for growth and increase stamina. We should innovate the growth mode, grasp the opportunities brought by the new round of industrial revolution and digital economy, not only deal with the challenges brought by climate change and aging population, but also resolve the impact of informationization and automation on employment, and pay attention to creating new employment opportunities in the process of cultivating new industries, new formats and new models, so that people of all countries can regain their confidence and hope.

　　Second, adhere to synergy and create an open and win-win cooperation model. Human beings have become a community of destiny in which you have me and I have you. Their interests are highly integrated and interdependent. Every country has the right to development, and at the same time, it should consider its own interests at a broader level, not at the expense of the interests of other countries.

　　We must unswervingly develop an open world economy, share opportunities and interests in opening up and achieve mutual benefit and win-win results. You can’t retreat to the harbor as soon as you encounter a storm, it will never reach the other side. We must make great efforts to develop global connectivity, so that all countries in the world can achieve coordinated growth and move towards common prosperity. We must unswervingly develop global free trade and investment, promote the liberalization and facilitation of trade and investment in the process of opening up, and take a clear-cut stand against protectionism. Protectionism is like shutting yourself in a dark room. It seems to have escaped the wind and rain, but it also isolates the sun and the air. The result of a trade war can only be mutual loss.

　　Third, keep pace with the times and create a fair and reasonable governance model. Xiao Zhi governs affairs, and great wisdom governs the system. The urgency of the reform of the global economic governance system is becoming more and more prominent, and the voice of the international community is getting higher and higher. Only when the global governance system adapts to the new requirements of the international economic structure can it provide a strong guarantee for the global economy.

　　All countries, big or small, strong or weak, rich or poor, are equal members of the international community and should participate in decision-making, enjoy rights and fulfill obligations on an equal footing. It is necessary to give emerging market countries and developing countries more representation and voice. In 2010, the IMF’s quota reform program has come into effect, and this momentum should be maintained. We must adhere to multilateralism and safeguard the authority and effectiveness of the multilateral system. To keep promises and abide by rules, you can’t choose or choose according to your own wishes. The Paris Agreement is in line with the general direction of global development, and the results are hard-won. We should stick to it together and not give up lightly. This is our responsibility to future generations!

　　Fourth, adhere to fairness and tolerance and create a balanced and inclusive development model. "The trip to the avenue is also the world’s public." The purpose of development is to benefit the people. To make development more balanced, to make development opportunities more equal, and to share the fruits of development, it is necessary to improve the development concept and model and enhance the fairness, effectiveness and synergy of development.

　　We should advocate the social atmosphere of diligence, frugality and hard work, so that all people’s labor achievements can be respected. Efforts should be made to solve problems such as poverty, unemployment and widening income gap, take care of the concerns of vulnerable groups and promote social fairness and justice. We should protect the ecological environment, promote the coordinated development of economy, society and environment, and realize the harmony between man and nature and between man and society. It is necessary to implement the United Nations 2030 Agenda for Sustainable Development and achieve balanced development on a global scale.

　　"If you do what you do, you will be invincible; What the wisdom of all people does is nothing. " As long as we firmly establish the sense of community of human destiny, work together, share responsibility, help each other in the same boat and tide over difficulties together, we will certainly be able to make the world better and people happier.

　　Ladies and gentlemen, friends!

　　After 38 years of reform and opening up, China has become the second largest economy in the world. The road determines fate. The key to the development of China lies in that the people of China, under the leadership of the Communist Party of China, have embarked on a development path suitable for China’s national conditions.

　　This is a road established from the national conditions of our country. China, based on its own national conditions and practice, draws wisdom from Chinese civilization, absorbs the strengths of eastern and western schools, sticks to it without being rigid, draws lessons from it without copying it, and forms its own development path through constant exploration. All roads lead to Rome. No one should regard their own development path as a statue, let alone impose their own development path on others.

　　This is a road that puts people’s interests first. China adheres to the people-centered development thought, taking improving people’s lives and enhancing people’s well-being as the starting point and the end result, seeking development impetus among the people, relying on the people to promote development, and making development benefit the people. China adheres to the goal of common prosperity, vigorously promotes the cause of poverty reduction, helps more than 700 million people get rid of poverty, and is making rapid progress towards the goal of building a well-off society in an all-round way.

　　This is a road of reform and innovation. China persists in solving the difficulties and challenges encountered in its progress through reform, dares to gnaw at hard bones and wade into dangerous beaches, dares to break down institutional and institutional obstacles that hinder development, and constantly liberates and develops social productive forces and enhances social vitality. In the past four years, we have launched more than 1,200 reform measures on the basis of continuous reform in the previous 30 years, which has injected a strong impetus into the development of China.

　　This is a road to seek common development in opening up. China adheres to the basic national policy of opening to the outside world, pursues a win-win opening strategy, constantly enhances the internal and external linkage of development, and benefits more other countries and people while realizing its own development.

　　China has made great achievements in its development, and the people’s lives in China have been greatly improved, which is good for China and the world. China’s development achievements are the result of decades of hard work, blood and sweat by the people of Chinese. For thousands of years, the Chinese nation has been known for its hard work and hard work. The people of China know very well that there is no free lunch in the world. China is a big country with a population of more than 1.3 billion. If you want to develop, you have to work hard on your own, and you can’t rely on the gifts of others. No one in the world has such ability.

　　Observing the development of China depends on what the people of China have gained and what the people of China have worked hard. It depends not only on what China has achieved, but also on what China has contributed to the world. This is a comprehensive view.

　　From 1950 to 2016, despite its low level of long-term development and people’s living standards, China provided more than 400 billion yuan in foreign aid, implemented more than 5,000 foreign aid projects, including nearly 3,000 complete sets of projects, held more than 11,000 training courses, and trained more than 260,000 people of various types in China for developing countries. Since the reform and opening up, China has attracted more than 1.7 trillion US dollars of foreign investment and 1.2 trillion US dollars of foreign direct investment, which has made great contributions to the development of the world economy. Since the outbreak of the international financial crisis, the contribution rate of China’s economic growth to world economic growth has been above 30% annually. These figures are among the best in the world.

　　From these figures, we can see that the development of China is an opportunity for the world, and China is a beneficiary and a contributor of economic globalization. China’s rapid economic growth has provided a sustained and powerful impetus to global economic stability and growth. The coordinated development of China and a large number of countries has made the global economic development more balanced. China’s great achievements in poverty reduction have made global economic growth more inclusive. China’s continuous reform and opening up has provided an important impetus for the development of an open world economy.

　　The people of China are well aware of the hardships of achieving national prosperity and strength. They all praise the development achievements made by the people of other countries and wish them all the best. They all hope that their lives will get better and better, and they will not commit "red eye disease" or complain that others have gained great opportunities and rich returns from the development of China. The people of China welcome people from all countries to take the "express train" and "free ride" developed by China with open arms.

　　Ladies and gentlemen, friends!

　　Many people are paying attention to the economic development trend of China. China’s economic development has entered a new normal, and major changes are taking place in economic growth rate, economic development mode, economic structure and economic development momentum. However, the long-term positive fundamentals of China’s economy have not changed.

　　In 2016, against the background of weak world economy, China’s economy is expected to grow by 6.7%, still in the forefront of the world. Now, the size of China’s economy can’t be compared with the past, and the kinetic energy of agglomeration can’t be reached by the past double-digit growth. China residents’ consumption and service industry have become the main driving forces of economic growth. In the first three quarters of 2016, the added value of tertiary industry accounted for 52.8% of GDP, and the contribution rate of domestic consumption to economic growth reached 71%. Residents’ income and employment have achieved steady growth, energy consumption per unit of GDP has continued to decline, and green development has achieved initial results.

　　At present, China’s economy is facing certain downward pressure and many difficulties, such as the contradiction between overcapacity and upgrading of demand structure, the lack of endogenous motivation for economic growth, the accumulation of financial risks and the increase of difficulties in some areas. We believe that these are inevitable stage phenomena in the process of progress, and we are making great efforts to solve these problems and contradictions, and have continuously achieved positive results. Our firm determination to move forward will not waver. China is still the largest developing country in the world. China has a population of more than 1.3 billion, and its people’s living standard is not high, but it also means great development potential and space. Under the guidance of the development concept of innovation, coordination, green, openness and sharing, we will constantly adapt to, grasp and lead the new normal of China’s economic development, and make overall plans to stabilize growth, promote reform, adjust structure, benefit people’s livelihood and prevent risks, so as to promote China’s economy to maintain medium and high-speed growth and move towards the middle and high-end level.

　　— — China will focus on improving the quality and efficiency of economic growth, change the mode of economic development around the main line of supply-side structural reform, optimize the economic structure, actively promote de-capacity, de-inventory, de-leverage, reduce costs and make up shortcomings, foster new growth momentum, develop advanced manufacturing industries, realize the upgrading of the real economy, implement the "internet plus" action plan in depth, expand effective demand, better meet people’s personalized and diversified needs, and better protect the ecological environment.

　　— — China will continue to stimulate growth momentum and market vitality, intensify reforms in important areas and key links, make the market play a decisive role in resource allocation, hold the "bull’s nose" of innovation, promote the development strategy of innovation-driven development, promote the development of strategic emerging industries, focus on upgrading traditional industries with new technologies and new formats, and promote the development and growth of new kinetic energy and the rejuvenation of traditional kinetic energy.

　　— — China will actively create a relaxed and orderly investment environment, relax foreign investment access, build a high-standard free trade pilot zone, strengthen property rights protection, promote fair competition, and make the China market more transparent and standardized. It is estimated that in the next five years, China will import 8 trillion US dollars of goods and absorb 600 billion US dollars of foreign investment, with a total foreign investment of 750 billion US dollars and 700 million outbound tourists. This will provide countries around the world with a broader market, more capital, richer products and more valuable opportunities for cooperation. For the industrial and commercial circles of all countries, the development of China is still an opportunity for everyone. The door of China is always open to the world and will not be closed. With the door open, the world can enter China and China can go to the world. We hope that the doors of all countries will also be open to China investors fairly.

　　— — China will vigorously build a common development pattern of opening to the outside world, promote the construction of the Asia-Pacific Free Trade Area and the negotiation of regional comprehensive economic partnership agreements, and build a global network of free trade areas. China has always advocated building an open, transparent, mutually beneficial and win-win regional free trade arrangement, rather than engaging in exclusive and fragmented circles. China has no intention to enhance its trade competitiveness through RMB depreciation, let alone take the initiative to wage currency wars.

　　More than three years ago, I proposed the Belt and Road Initiative. Over the past three years, more than 100 countries and international organizations have actively responded to support, and more than 40 countries and international organizations have signed cooperation agreements with China. The "circle of friends" of the Belt and Road Initiative is constantly expanding. China enterprises have invested more than 50 billion dollars in countries along the route, and a series of major projects have blossomed, which has promoted the economic development of various countries and created a large number of employment opportunities. It can be said that the Belt and Road Initiative came from China, but its effectiveness has benefited the world.

　　In May this year, China will host the "One Belt, One Road" international cooperation summit forum in Beijing to discuss cooperation plans, build a cooperation platform, share cooperation achievements, find solutions to the current problems facing the world and regional economies, inject new energy into the coordinated development, and make the "One Belt, One Road" construction better benefit people of all countries.

　　Ladies and gentlemen, friends!

　　The development of world history tells us that there has never been a smooth road to the progress of human civilization, and human beings are advancing in the struggle against difficulties. No matter how difficult it is, it is impossible to stop the pace of human progress. When you encounter difficulties, don’t blame yourself, don’t blame others, don’t give up confidence, don’t shirk your responsibilities, but overcome them together. History is made by brave people. Let’s show confidence, take action and move forward hand in hand towards the future!

　　Thank you all.

Special feature of 1905 film network On March 12th, the light comedy of love was released in China. The film focuses on the difficulties encountered by China students when they drifted to Britain. In order to make up for the unexpected mistake that Gu Dabai was about to be deported because he failed to renew his contract in time, Jin Tian, a good brother, came up with a "good idea" to hide the truth and keep Gu Dabai.

The story took place in England, and the audience also followed the movie on a cloud tour. In addition to St. Paul’s Cathedral, Thames, London Eye and other famous attractions, the scenery of unknown blocks is also a major attraction of the film. These blocks have a British texture, showing the real "London style".

In this issue, I specially invited the director of Legal Companion to share with us his film shooting strategy in Britain."The preparatory period for the film" Legal Companion "to shoot in the UK has been almost one year, because we have to look at the scenery first, and then we have to declare this permission to the British government quickly. Only when we get the permission can we really shoot."

"Basically, if you want to finish this film, you have to follow the previous production plan and finish what you planned to finish at every fixed time, because Britain is a country that pays great attention to commitments and contracts. All the forms we fill in and the applications we submit are official commitments, so we have given people this commitment, and we must complete this work within this commitment. "

At the beginning of the film, Gu Dabai rode through the block. In fact, this seemingly ordinary living shooting location also needs to be fully prepared.

"With the understanding of the domestic audience, the traditional filing in our country is different. Britain is a country with private ownership, and its land is allowed to be privately held. Therefore, when I shoot in one street, it is very likely that I will shoot three streets together. The former street belongs to the government and the third street belongs to an individual. After I submit the report to the government, I have to get his permission from the owner of the individual before I can get the whole scene. "

In addition to the beautiful scenery in the film, the casting and dressing of the film are also very British. The leading actor with a mixed-race face studied in Britain during his undergraduate period and lived in the same semi-basement house as in the film. "Semi-underground is a place to live that particularly reflects the identity of international students." We can also get a glimpse of the real life of "Ying Piao" in the movie by renting the basement in the wet England.

In recent years, it is not uncommon for China films to be filmed in foreign countries. The film released in this year’s Spring Festival not long ago also encountered many production problems when shooting in Japan. When shooting in a busy street, the crew must go through the consent of every store and every business before shooting in this street, and they must apologize to the residents and passers-by who are disturbed by it.

Cultural differences in different countries and different modes of film industry production have brought various difficulties to China films with transnational cooperation. To overcome these difficulties, what we have to do is to know the local culture in advance and do our homework well. Respecting and being honest with each other is the essence of making a good transnational cooperative film. Director Huang Lei bluntly said: "You must give the other party enough respect before the other party will give you respect and allow you to shoot."

Transnational cooperation in China movies can not only bring viewers the viewing experience of cloud tourism in different regions, but also bring different cultural environment cores to the story of the movie itself. In order to avoid the story and the beautiful scenery, we must have a deep understanding of the location of the story, and whether the location can fit the regional and cultural background of the story is also the direction that filmmakers need to pay attention to in transnational cooperative films.

"The style of the whole British society is not only focused on the beautiful scenery, but also has more British people, British life, British social things, and some bits and pieces of details, so these details constitute the whole overseas culture. It is particularly realistic to let our characters live in such an environment."

Legal Companion can successfully bring the audience the real life state of young people overseas, which is inseparable from the early understanding of British regional culture. The cross-border cooperative shooting strategy shared by director Huang Lei also gives filmmakers, especially young directors who want to shoot similar themes, some experiences that can be used for reference. "I think it is still necessary to understand the people in this place, their daily thinking habits and living habits, and then what will happen when different cultures collide."

Nowadays, China movies with transnational cooperation emerge one after another. While putting an exotic coat on the environment, we hope that the movies can tell the stories of people in different cultural backgrounds at the same time. Now we have a series of successful examples, such as "Legal Companion", and we are looking forward to more and more such films.

The director’s observation of today’s film review;Many people may think that shooting abroad is a special pleasure, but it is endless pressure for directors. Shooting abroad means higher costs, and the accommodation and travel of the whole crew will become a big account. Shooting abroad may also face more unknowns and risks, and the director needs to make a quick decision in a limited time and finish shooting efficiently. Because I watched the director’s special film in Japan, I feel confident like him, and sometimes I hesitate and make trouble, which is even more challenging for the new director. (Wu Zhiying)

Liu Xianbao at Work

CCTV News:21 years ago, Liu Xianbao graduated from high school. At that time, his sister was not married, his brother was unemployed at home, and his old father worked hard to keep the house alone. In order to reduce the burden on his family, Liu Xianbao came to Shanghai alone from his hometown of Wuhu, Anhui Province and became an air conditioner installer.

When he first arrived in Shanghai, Liu Xianbao rode his bicycle to install air conditioners in every house before dawn every day, and worked 15 hours a day. A year later, he realized that it is difficult to get any big gains by working hard, and only by learning excellent technology can he break into a brand-new world.

As a result, Liu Xianbao began to spend most of his savings on his studies. After work, he finds time to participate in various skills training. In 1998, Liu Xianbao was admitted to an air-conditioning company, and he jumped from a junior maintenance worker to a senior technical backbone within one year. He also accepted four apprentices as an excellent old teacher.

However, Liu Xianbao always holds such an idea in his heart: to be his own brand, run his own company and do something.

In 2002, with rich work experience, Liu Xianbao opened his own maintenance shop. Unlike ordinary repair shops, Liu Xianbao’s shop is not in the bustling street, but is wrapped in the depths of the grocery market by clothing shops and daily necessities shops. Repairing electrical appliances is generally a regular business, and it is the primary task to let residents know and convey their sincerity actively. In addition to excellent maintenance technology, retaining customers depends on a business philosophy different from others. Liu Xianbao made such a sign: free of service charge and only charge for materials.

As a result, the store’s signboard became a hit, and residents in the community took out recorders, radios and remote controls that had been in disrepair for a long time to come to Liu Xianbao for maintenance. For the elderly over 80 years old, he took the initiative to come to help repair. Because the maintenance is all small household appliances, we have not earned any money, but also posted a lot of money.

Although I lost money, I won word of mouth. Liu Xianbao’s maintenance department is getting bigger and bigger, and his public service is getting bigger and bigger.

Liu Xianbao (middle)

In May 2008, Liu Xianbao set up the "Spring Care" service team to help the elderly, and carried out free air-conditioning cleaning and maintenance services for elderly people and disabled families living alone in the community. As long as a phone call is made, Liu Xianbao will immediately dispatch a special person to the door for maintenance. All small household appliances are free, and everyone only charges material fees. Over the years, he has benefited hundreds of thousands of yuan and repaired more than 100,000 home appliances.

Taking care of each other is naturally the concern of the residents. In the hot summer, some residents will send Liu Xianbao an iced drink to quench thirst and dispel summer heat. In the cold winter, some residents will come and give Liu Xianbao a cup of hot water and a greeting.

Now, 43-year-old Liu Xianbao has his own company.Sub-centers have been opened in 11 towns and industrial parks in Minhang District, Shanghai, covering more than 600 communities, and public welfare services have naturally not fallen behind. He rebuilt the old family lines for the solitary, pure old and lonely old families in Jiangchuan Street, and opened the safety files of electricity and gas consumption for the elderly over 60 years old, so as to reduce the risk of fire and gas poisoning in residents’ families.With this love, he found a new neighborhood friendship, a lifelong career and a home for his soul in this city.

"When I was studying, I saw a lot of Shaw House on campus. Later, I learned that these were donated by Mr. Run Run Shaw, who has done a lot for public welfare. I want to be like him. This is my ideal. " Liu Xianbao said. (Source: CCTV Network)

CCTV News:Yesterday (July 26th) afternoon, the State Council Press Office held a routine briefing on the State Council policy. It was introduced at the meeting that during the peak summer this year, China’s electricity, coal, natural gas and other supplies were fully prepared, ensuring the safe and stable supply of energy and electricity during the peak summer.

In terms of electricity, since the beginning of summer, the national daily dispatching power generation has reached a record high of 30.171 billion kWh, which is 1.511 billion kWh higher than last year’s peak. The highest electricity load in China has reached two record highs, reaching 1.339 billion kilowatts, 49.5 million kilowatts higher than last year’s peak. Under the complicated situation of rapid growth of demand and substantial reduction of hydropower generation, comprehensive measures have been taken to ensure the safe and stable supply of electricity throughout the country.

In terms of coal, since the beginning of this year, coal production has increased steadily, imports have increased rapidly, and coal supply and demand are generally balanced. Up to now, 198 million tons of coal has been stored in power plants nationwide, an increase of more than 23 million tons compared with the same period of last year, which can be used for nearly 26 days.

In terms of natural gas, production and import have maintained steady growth, effectively ensuring people’s livelihood and industrial and commercial gas needs.

　　　　　　 Ou Hong, Deputy Secretary General of the National Development and Reform Commission:According to dispatching statistics, the apparent consumption of natural gas in the first half of the year was 194.9 billion cubic meters, a year-on-year increase of 6.7%. Since the summer, the maximum power generation gas consumption per day has exceeded 250 million cubic meters, which has strongly supported the peak output of gas and electricity.

National Development and Reform Commission: Make use of hydropower resources to ensure power supply.

At yesterday’s briefing, the National Development and Reform Commission also introduced that by the end of June this year, China’s installed hydropower capacity had reached 420 million kilowatts, accounting for 15.4% of the total installed power. Various measures such as increasing water storage in advance have been taken to ensure hydropower generation.

Since July, the six cascade hydropower stations, such as Wudongde and Baihetan, on the main stream of the Yangtze River, have made sufficient water storage arrangements before, leaving enough peak power generation capacity. Therefore, on July 11th and 12th, the power generation output reached record highs, with the highest exceeding 32 million kilowatts, which played a key role in ensuring peak power supply.

The second is to strengthen multi-energy complementarity and improve the output level of thermal power and new energy. On the one hand, urge thermal power to be fully developed to ensure that the peak capacity of thermal power can be fully exerted; On the other hand, the construction of new energy sources has been increased. In the first half of this year, wind power generation and solar power generation increased by 16% and 7.4% respectively, forming an important supplement to power generation capacity.

In addition, give full play to the advantages of large power grids and help each other.

　　　　　　 Guan Peng, head of the Economic Operation Regulation Bureau of the National Development and Reform Commission:Faced with the shortage of hydropower output in southwest China, we have fully considered the supply and demand reality of sending and receiving provinces on the basis of stabilizing the power transmission scale all the year round, rationally optimized the relevant hydropower transmission arrangements, and at the same time, fully mobilized the resources of large power grids to increase the power transmission in northwest China, which has effectively supported the water storage and supply guarantee in southwest China.

National Energy Administration: By the end of June, the power transmission from West to East had exceeded 300 million kilowatts.

At the briefing held yesterday, the relevant person in charge of the National Energy Administration introduced that by the end of June, the transmission capacity of China’s "West-to-East Power Transmission" had exceeded 300 million kilowatts, which strongly supported the power supply guarantee work.

According to the relevant person in charge of the National Energy Administration, in order to ensure the supply of energy and electricity and optimize the layout of power supply in advance, by the end of June this year, the cumulative installed capacity of power generation in China was about 2.71 billion kilowatts, up 10.8% year-on-year. In the first half of the year, the installed capacity of various power sources put into operation and connected to the grid was about 140 million kilowatts, of which the supporting power supply was about 30 million kilowatts. At the same time, increase the planning and construction of transmission channels.

Liu Mingyang, Head of Electric Power Department of National Energy Administration:Since the beginning of this year, Baihetan — Zhejiang DC Project and Northern Shaanxi — Hubei DC supporting power supply project and other projects have been put into production one after another. By the end of June, the transmission capacity of China’s "West-to-East Power Transmission" has exceeded 300 million kilowatts, of which the maximum transmission capacity of inter-provincial and inter-regional DC channels during the summer can reach 180 million kilowatts, an increase of about 17.5 million kilowatts compared with the same period last year.

　　　　　　 At the same time, China has scientifically played the role of transmission channel. Since the beginning of summer, the scale of inter-provincial and inter-regional DC power transmission has reached a maximum of about 160 million kilowatts. Except that the incoming water of hydropower in southwest China is relatively dry and the power transmission capacity is optimized and reduced, the power transmission channels in North China, Northwest China, Northeast China and Yunnan-Guizhou basically send power according to the maximum transmission capacity, which effectively guarantees the power supply in heavy load periods such as East China, Central China and Guangdong.

Every time the AI news, on February 26th, the market news said that china galaxy and CICC planned to merge through share swap, which is expected to be announced in the next few weeks. In this regard, Xinhua Finance asked the two brokers for verification, and both public relations departments expressed ignorance. The above rumors have been reported many times in 2024, but they were denied by both companies. (Xinhua Finance)

　　CCTV News:Autumn grain is the bulk of grain production throughout the year. At present, it is the critical period of the formation of autumn grain output, and many places in the country will start the harvest mode one after another. The State Grain and Material Reserve Bureau recently issued a notice, requiring the whole system to further strengthen the grain tracking and dispatching in the affected areas, make early preparations for autumn grain purchase, and strengthen farmers’ guidance on scientific grain storage. What is the current situation of autumn grain production?

　　Huai ‘an, Jiangsu Province: Rice enters the break heading stage, and smart agriculture helps increase income.

　　At present, 4.85 million mu of rice in Huai ‘an, Jiangsu Province has gradually entered the heading stage, which is also the key node for yield formation. Local governments have strengthened rice field management by promoting smart agriculture Internet of Things technology. At Lingqiao Rice Production Base in Matou Town, Huaiyin District, the grower Tang Liang is directing the agricultural machinery hand to carry out the first flight defense before the rice break period according to the early warning information provided by the intelligent insect monitoring system of "5G+ unmanned farm".

　　Suihua, Heilongjiang: 1 million mu of fresh corn grabs the "fresh" listing.

　　In Suihua City, Heilongjiang Province, fresh corn ushered in a bumper harvest season. In a fresh corn planting base in Lanxi County, Suihua City, several large harvesters and transport vehicles are harvesting in the fields, and one ear of corn is completely collected into the carriage. In order to ensure the fresh market, it only takes more than an hour for corn to enter the factory and become a product. In 2023, the local fresh corn planting area is about 1 million mu, and it is expected that all harvesting work will be completed by the end of September.

　　The affected areas should pay close attention to repairing damaged farmland and agricultural facilities.

　　At present, disaster-stricken areas in Northeast China and North China are stepping up efforts to repair damaged farmland and agricultural facilities. The Heilongjiang Academy of Agricultural Sciences sent experts and the Provincial Department of Agriculture and Rural Affairs to set up a Bao Lian expert group, which went deep into several towns and villages to conduct "monitoring and physical examination" on the flooded farmland one by one, and "prescription and prescription" on the spot to help farmers reduce losses through field management.

　　The rice area in Liaoning province is nearly 8 million mu, and now it is the rice filling period. The local government instructed farmers to clear ditches and drain in time during the intermittent rainfall, classify and topdressing, and clean up the affected fields and put them into production as soon as possible. At the drainage station along the entrance of Paocun Village, Huang Yang, Shuangjingzi Town, Tieling County, four pumps operate at the same time, speeding up the discharge of farmland water around the clock. In order to speed up the recovery of post-disaster agricultural production, Hebei formulated the Implementation Plan for Post-disaster Agricultural Recovery and Reconstruction, and ensured that post-disaster agricultural production was carried out vigorously and orderly in accordance with the principles of "one village, one policy" and "one policy".

　　Strengthen overall planning and do a good job in all processes of grain production

　　In 2023, extreme abnormal weather occurred frequently in China, and the situation of disaster prevention and mitigation was severe and complicated. According to the latest agricultural dispatch of the Ministry of Agriculture and Rural Affairs, except for local floods, the growth of autumn grain crops in most parts of the country is generally normal. At this critical node, how can we strive for a bumper harvest of grain? Experts have also made relevant interpretations.

　　Wei Houkai, Director of Rural Development Research Institute of China Academy of Social Sciences:First, there are many agrometeorological disasters this year, showing the characteristics of multiple disasters. In the second half of the year, the tasks of flood control, drought resistance, typhoon prevention and pest control are all heavy. It is necessary to do a good job in disaster prevention and mitigation and strengthen field investigation. Second, increase overall planning, do a good job in all aspects of harvesting, threshing, drying and air drying, and reduce the loss and waste of food. Only by doing a good job in all key links can we ensure a bumper harvest of autumn grain.

Cai Jiming is a professor in Tsinghua University. He has been engaged in teaching and scientific research for many years. From one day in 2007, Cai Jiming suddenly found that his life had changed dramatically because of Baidu Post Bar, a product of Baidu. The people who scolded him seemed to be overwhelming.

One day at the end of 2007, Professor Cai Jiming of Tsinghua University suddenly received a phone call, which made extremely bad personal insults to Professor Cai Jiming’s wife and Professor Cai Jiming’s daughter, and also abused Professor Cai Jiming’s ancestors, the school and even the democratic parties. Cai Jiming hasn’t figured out what’s going on, and then, there’s a cell phone message coming. The content of the short message is also an abuse and personal attack on Professor Cai Jiming.

Not only mobile phones and e-mails, but even at home, people keep calling home to harass. One of them, He Jinsong, sent him more than 30 insulting messages.

Cai Jiming described the scene at that time: "I sent more than 30 short messages to my mobile phone and made countless anonymous calls. He sent a text message and then dialed a phone to prove that the phone dialed your message and received it. How bad it was, and then he sent me an email. "

Professor Cai wondered why so many people came to scold him all at once. How did you leak your personal information? Later, many students and friends told him that Mr Cai would go and have a look. There is a Cai Jiming in Baidu Post Bar, and your phone number, mobile phone and email address are all posted on it.

After listening to the students, Cai Jiming immediately visited Baidu Post Bar. I don’t know if I don’t see it. This look really startled him.

Baidu has a post bar named after the word Cai Jiming. bar owners begins with the meaning that people who are dissatisfied with the holiday system and want to scold Cai Jiming can post here. In this bar in Cai Jiming, there are a lot of posts about personal attacks, abuse, insults and even language threats, with a number of more than 3,000 posts and more than 600 topics. Some even combine Professor Cai’s head with animal portraits.

Originally, Cai Jiming was entrusted by the central leadership of the Democratic Progressive Party to set up a research group on holiday system reform in Tsinghua University, mainly to study how to reform our holiday system at that time. How to break down the long holidays into short holidays, and allocate the legal holidays saved to the traditional festivals of Qingming Mid-Autumn Festival and Dragon Boat Festival.

After the State Council decided to cancel the announcement of the May 1 Golden Week, some opponents took Cai Jiming as the object of venting their grievances, and Baidu Post Bar became a gathering place for these people. Because there are a lot of insulting and abusive posts in Baidu Post Bar, and his personal information is also leaked through Baidu Post Bar, Cai Jiming went to Baidu Company to negotiate.

But to Cai Jiming’s surprise, his request was rejected. At first, Professor Cai entrusted his agent to file a complaint with Baidu, asking to close this bar, but he didn’t get an answer. Later, he asked to be bar owners, but he was also rejected.

Professor Tsinghua: Baidu camp is a bad fortune.

Cai Jiming believes that Baidu, as the operator, has failed to fulfill its obligation to review the content of the website, indulged netizens in posting insults or slanders on the forum, and infringed on the legitimate rights of others, which constituted a violation of his right to reputation, portrait, name and privacy and a language threat.

In the case of fruitless negotiation, Cai Jiming took Baidu Company to court: he asked to delete the comments that violated his personal rights in the post bar and close Cai Jiming; Make an apology statement on the homepage of Baidu Post Bar and keep it for more than two years; Provide personal information of those who verbally abused and commented on Cai Jiming Bar, and claim 2 million yuan from mental damage compensation.

Cai Jiming said: "I pursue him for 2 million yuan. I just want him to learn a lesson, increase his infringement cost, and provide a case for the society and other victims. You should take up legal weapons and safeguard your dignity. I think when more and more people in the whole society can protect their rights and know how to protect their rights by law, the infringement will be reduced, and enterprises like Baidu will no longer be able to do whatever they want, and the cost of infringement will increase. "

The agent of Baidu said that in the Internet environment, it is necessary to strictly distinguish the behaviors of netizens and Internet service providers. The Baidu Post Cai Jiming Bar involved in the case belongs to bulletin board service (namely BBS service). The name and content of the post are posted by netizens, and the publisher should bear the responsibility according to the law. Baidu is only the operator of the post bar, not the publisher of the post involved. After discovering the content in the post bar that violates the regulations, they have deleted it in time and fully assumed the management responsibility, so they do not bear the tort liability.

As a result of the court hearing, Cai Jiming lost the case in the first instance, and Cai Jiming refused to accept the appeal.

Baidu lost the second trial and compensated Professor Tsinghua for 100,000 yuan.

Cai Jiming said: "There is no doubt that Baidu is not cursing the street, but it means that Baidu has provided a megaphone, a platform and a way to spread and expand quickly to the world. So who should bear this responsibility?"

Baidu also believes that citizens have the freedom and right to express their opinions on the post bar, and Professor Cai’s request to close the post bar involved has no legal basis. At the same time, I have already posted a reminder in the post bar, warning internet users not to use insulting language. Therefore, Baidu has fulfilled its management responsibility.

Cai Jiming said, "He said I had a warning, but it was useless to have a warning. We know that when we fly, the airline airport will warn you not to bring dangerous goods on the plane, but is it because of the warning that the security check will not be carried out? This is his extremely irresponsible business behavior. "

The Beijing No.1 Intermediate People’s Court held that Baidu Company’s delay in fulfilling its obligations of post-event management led to the expansion of the damage consequences of network users infringing on Cai Jiming, and should bear corresponding responsibilities. It is decided that Beijing Baidu Netcom Technology Co., Ltd. will compensate Cai Jiming for mental damages of RMB100,000 and notary fees of RMB5,080 within 15 days after this judgment comes into effect.

Cai Jiming said: "I didn’t fight this case for money. Even if I can’t win this case, even if I can’t get a penny of compensation, I will still make money in it, but I will prove to the whole world that Baidu is infringing, and it is blatant infringement. His profit is ill-gotten wealth."

Baidu: We can control bar owners of Post Bar.

Is the content of the post bar really freely published by netizens? Will Baidu manipulate the content of the post bar? On August 15th, as a brand promoter of a company, the reporter met Li Youjing, the manager of the key account department of Baidu Beijing Branch.

Li Youjing told reporters: "Every post bar in Baidu has bar owners, although bar owners is a netizen. But Baidu can control him. As long as bar owners is responsible, he will always be bar owners. In the case of Professor Cai, he thinks it is only a matter of communication.

However, Professor Cai Jiming has another analysis of Baidu’s delay in handling his complaint. "What is Baidu’s profit model? It is nothing more than this post bar. It increases the click rate. There is a lot of noise in the post bar, anecdotes and scandals of celebrities. You just speculate on it. You scold him and scold you. The more lively it is, the better. Then the click rate of this post bar will increase, and its click rate will increase. Then manufacturers will advertise on it, and the advertising expenses will increase. According to relevant sources, the advertising revenue of Baidu Post Bar alone last year.

Baidu: Pay the money and open the theme post bar, which is called Nugget business.

Post Bar, which claims to be a free expression of netizens, is actually a profitable tool for Baidu. How is Baidu Post Bar profitable? In a conversation with Li Youjing, the key account manager of Baidu Beijing Branch, the reporter learned that the number of clicks on Baidu Post Bar is indeed quite large. How good is it? According to the manager, relying on this kind of traffic, Baidu has developed a new product named "Baidu Nuggets", which specializes in advertising in Post Bar. How did this "Baidu Nuggets" get through the Nuggets Post Bar? Li Youjing said that Baidu has made several customers for the product of Nuggets. Like those customers of big brands, Baidu has already signed up. Most customers can’t afford this kind of high-consumption clicks. Nuggets cost at least 3,000 yuan a day.

Not only that, the account manager told reporters that Baidu Nugget is a service that Baidu provides to high-end customers, and it even has the lowest consumption.

"If you don’t spend 3,000 yuan, we won’t put you online or sign a contract for you, because the position of Nuggets is limited. If customers say they don’t want to spend 3,000 yuan a day, I will spend 500 yuan, and Baidu will refuse to cooperate with customers."

So what kind of service will Baidu provide to their so-called high-quality customers? If the product information promoted by these customers on the Post Bar is inaccurate, and some netizens in the Post Bar raise objections, will Baidu choose to delete such public comments that are harmful to advertisers, or will it choose to stop the false propaganda of advertisers? Li Jingji said, "As long as it doesn’t involve personal health or anything, it won’t cause illness or death, and this should be fine."

Baidu: If the bidder goes up, the bidder will go down.

In addition, Baidu’s so-called high-quality customers can freely choose the advertising location. Is there a clear distinction between the public natural interaction platform and the advertising location in the post bar?

Manager Li Youjing said: "On the surface, these are all web pages published by everyone at will. Just click on a topic, all of which are spontaneously published by netizens. In fact, it is not certain. Baidu will look at the relevance. If someone spends money on promotion, then he will give priority to those who spend money. But when a person does not do it, the ranking will not be empty, and it will automatically grab some links from the search database."

From these links on the right, we can’t see any words like promotion, but in fact, there is no boundary between the advertising information of baidu promotion customers and the natural search results displayed on the right side of the post bar.

Editor’s note: Baidu clearly has everything under control, but in order to earn the click-through rate, it ignores the content that infringes on citizens’ personal rights, which not only shows the lack of corporate integrity, but also the lack of business ethics. As the saying goes, a gentleman loves money well, what kind of money can be earned and what kind of money can’t be earned. As an enterprise operator, there should be a clear boundary. If an enterprise needs to rely on fraud and slander to make profits, it will be difficult for it to win the respect of the market and it will be difficult for it to stand firm in the market.

At present, Internet enterprises in China are still a new industry, and the relevant laws and regulations are still relatively backward. Therefore, although there are various industry self-regulatory alliances in the Internet industry, this industry is still full of extortion. The prerequisite for maintaining the ecology of this industry is to operate in good faith and abide by morality and conscience. We must not tolerate any enterprise that ignores business integrity and social morality, infringes on personal privacy, spreads false information, or even makes a profit. If any enterprise dares to do this, then we will fight it to the end.

In the automobile industry, there is a term that is not familiar to the public, but enjoys a high reputation in the professional circle, and that is air suspension. In recent years, air suspension, once regarded as the exclusive configuration of luxury cars, is now accelerating to the mass market.

If we trace back to the development of air suspension, this popular trend has been blowing for several years. More and more star models equipped with air suspension are ready to come out, from /L8/L9 to Weilai, Kelp, and now, the guide price of air suspension has dropped to less than 200,000, further promoting the heat of air suspension.

According to the latest statistics of intelligent driving configuration database of Geshi Automobile Research Institute, from January to December, 2024, the sales volume of new cars with standard air suspension in China was about 816,000, and the penetration rate reached 3.6%. In the same period of 2023, the sales volume of new cars with standard air suspension was 564,000, the penetration rate was 2.7%, and the carrying capacity increased by 44.7% year-on-year. It can be predicted that the development speed of air suspension market will continue to accelerate.

On the one hand, the permeability of air suspension is increasing, and its development speed has exceeded market expectations. At the same time, the supporting price of air suspension is also rapidly sinking, which is close to the standard range of about 200,000 yuan. On the other hand, with the increasing market share of air suspension, the competition between domestic suspension and foreign suspension will become more and more fierce.

The breakthrough of technology, the reduction of cost and the rapid growth of market demand have provided a strong impetus for the popularization of air suspension. Then, will the road of "popularization" of air suspension be smoother and smoother?

The pattern is stable, and domestic substitution is just the time.

Judging from the development in 2024, the market structure of air suspension still continues the characteristics of the rise of domestic forces, and the concentration is getting higher and higher. In 2024, local manufacturers accounted for more than 80% of the air suspension market.

In recent years, the air suspension market has shown a highly concentrated competition pattern, and domestic suppliers have opened a lot of gaps with overseas brands by virtue of technological progress and cost advantages. In 2024, the installed capacity of air suspension market exceeded 800,000 sets, among which Konghui Technology ranked first with 335,470 sets of installed capacity, with a market share of 41.3%. Kong Hui Technology’s market penetration in the field of new energy vehicles is particularly prominent, and its technical advantages enable it to provide customized air suspension solutions for car companies to meet the needs of different models.

Top Group followed closely, with an installed capacity of 209,760 sets and a market share of 25.8%. Top Group occupies an important position in the middle and high-end vehicle market through continuous technological innovation and cost control. Its products are not only comparable to imported brands in performance, but also more competitive in price, which promotes the application of air suspension in more models.

Baolong Technology ranked third with an installed capacity of 159,535 sets, with a market share of 19.6%. Baolong Technology has further consolidated its market position with its own research and development capabilities and customer resources. Its air suspension system is excellent in performance, reliability and cost control, especially in the promotion of low-end market.

In contrast, the market share of traditional international suppliers such as Wayback and Continental Group is 7.8% and 5.0% respectively. As an internationally renowned supplier, Weiback mainly serves high-end brand vehicles, while Continental Group is relatively deep in technology accumulation, but slightly conservative in market competition.

From the overall market point of view, the top five suppliers account for nearly 90% of the market share, and the market concentration is getting higher and higher. These leading enterprises rely on their strong R&D strength and market influence to continuously promote the progress of air suspension technology and market expansion. In the future, with the further maturity of technology and the reduction of cost, air suspension system is expected to be applied in more models, further promoting the growth of market demand.

The rise of domestic brands in the air suspension market is not accidental, and there are many key factors behind it.

From the most intuitive point of view, the development of the new force of building cars has given more opportunities to local air suspension suppliers. For example, Lantu Automobile gave Kong Hui tickets, which verified Kong Hui’s technical accumulation for many years; Ideal helps Kong Hui become a qualified supplier of auto parts. These stories are still vivid, and now the cooperation between new power enterprises and domestic air suspension enterprises is getting closer and closer, and both sides grow together.

In addition, domestic brands have made a significant breakthrough in air suspension technology, which is not only equivalent to imported brands in performance, but also excellent in cost control. In 2023 -2024, domestic air suspension experienced two or three iterations, from single cavity to mainstream dual cavity, which led to great changes in the whole product line and significant cost reduction. This cost advantage enables domestic brands to provide air suspension configurations for more low-end models, thus expanding market share.

"Quick response and supply chain stability are also one of the advantages of domestic air suspension enterprises." Wang Lin (pseudonym), a person in the auto parts industry, pointed out that compared with foreign suppliers, domestic brands have more advantages in development cycle and response speed. The development cycle of foreign suppliers is usually longer, while domestic brands can respond to market demand more quickly and provide flexible solutions. In addition, domestic brands have also performed well in the stability of supply chain and can better cope with market fluctuations.

It is imperative for air suspension to get on the bus on a large scale.

From the whole analysis logic point of view, electrification has greatly changed the load-bearing system of automobiles, and the rapid development of new car-making forces has laid the foundation for the high-end brand of automobiles in China. This also means that the popularity of electric vehicles has brought opportunities for the wide application of air suspension.

The sale of electric vehicles is much more, which makes the air suspension widely used; There are more new forces to build cars, which gives local suppliers more opportunities; Only when the brand of China is high-end can it accommodate the cost of air suspension.

The permeability data of air suspension also illustrates some problems. According to the analysis of intelligent driving configuration data of Geshi Automobile Research Institute, from January to December, 2024, the highest monthly penetration rate of air suspension configuration reached about 4.4%, and the monthly supporting capacity exceeded 100,000 sets, entering an explosive growth stage. The carrying capacity gradually increased from 25,000 sets at the beginning of the year to the peak of 76,000 sets in June and 102,000 sets in December, indicating the steady growth of market demand. At the same time, the permeability started from 1.9% in February and rose in fluctuation, reaching 4.5% in June, indicating that the acceptance of air suspension standard in the market is increasing day by day.

We also see that the development of domestic air suspension enterprises is in full swing. For example, in 2024, Baolong Technology announced the number of designated projects as high as 28, involving an amount of over 11 billion yuan. These projects not only demonstrated the technical strength of Baolong Technology, but also laid the foundation for the large-scale application of air suspension.

A series of indications show that the large-scale popularization of air suspension is close at hand. At one time, air suspension was more common in high-end luxury models, such as, and so on, and its high cost made it difficult to widely promote it. However, with the rise of domestic suppliers, the cost of air suspension is significantly reduced, and the price of vehicles equipped with this configuration is also more close to the people.

Taking 2024 as an example, air suspension has been applied in 200,000-yuan models. It is a typical representative, and the starting price of its model equipped with air suspension is only 289,800 yuan. In addition, the starting price of the latest Krypton 001 is 259,000 yuan, and the air suspension can be optional for the entry model. What is more noteworthy is that the dark blue G318 is equipped with an air suspension version, and the starting price is only 199,900 yuan.

"At present, there is an obvious sinking trend of air suspension on new energy vehicles, and it is likely to further drop to 180,000-190,000 in the future." Wang Lin believes that the standard value of air suspension will be lowered, and the possibility of getting on the bus on a large scale is very high.

However, Wang Lin also added his own analysis. From the aspects of quality, design process and overall cost (including maintenance cost), there is limited room for the cost of air suspension to sink further. From the perspective of cost analysis, he pointed out that it is difficult to reduce the cost of even a single-cavity air spring, because the whole air suspension system includes the body and the supply system, such as air pump, air valve, compressor, gas storage tank and sound insulation layer. The development cost of the system has dropped from about 2000 yuan before to about 1800 yuan at present. Unless domestic manufacturers make breakthroughs in core components, it is unlikely that the cost will be further reduced.

In the future, with the further development of technology and the continuous reduction of cost, air suspension is expected to be applied in more models. Therefore, it is predicted in the industry that the overall permeability of air suspension will reach about 15% in 2025. With the development of intelligent suspension technology, air suspension will be combined with more intelligent driving functions to provide consumers with more intelligent and personalized driving experience.

What is the odds of air suspension going out to sea?

When the domestic air suspension market structure is relatively stable, the competition is becoming more and more fierce. Therefore, we have also seen a new trend. With the maturity of domestic air suspension technology and the improvement of market competitiveness, domestic suppliers have begun to look to the international market.

Recently, Baolong Technology received the Notice of Fixed Point from a famous European automobile company, and became a component supplier for its brand-new platform project, Air Supply Unit (ASU) of air suspension system. The life cycle of the project is 7 years, and the total amount exceeds RMB 160 million. It is expected to start mass production in 2027. This indicates that the domestic air suspension technology has been recognized by the international market, laying a foundation for the further expansion of domestic suppliers in the international market.

However, we also need to see the challenge of domestic air suspension forces going out to sea. Judging from the overall market structure, foreign air suspension forces are not in a strong position in the China market. For example, although Kangdi has built a factory in Jiangsu to promote localization, its speed is slow; Weiback, on the other hand, relies entirely on imports and has not yet set up a factory in China. However, they are in a strong position in the international market.

In the international market, the field of air suspension has long been monopolized by a few foreign giants. Condi (affiliated to Continental Group) and Weiback are two giants in the global market, and they have absolute advantages in technology and market share. Japanese manufacturers also mainly rely on the products of Condi and Weiback in the luxury car field, and almost no domestic products are used.

Domestic air suspension enterprises also clearly realize that the road to sea is not smooth sailing. As Chao Wang, general manager of Baolong Science and Technology Supply Chain Development Center, said, when China enterprises enter the international market, they are often restricted by many factors. Whether an enterprise can win a project order depends not only on whether the product is excellent and whether the price is competitive, but also on many other complex factors that may affect the cost control, delivery ability and cooperation experience with customers.

Wang Chao also added, "Maybe after we go, we can still build a certain advantage through a period of adaptation, but this advantage may not be so obvious compared with our advantage in China."

To this end, Baolong Technology needs to solve the possible challenges from the perspective of supply chain. In 2024, Baolong Technology established a new department supply chain development center. In addition to optimizing the procurement strategy, another important task of the new department is to strengthen the overseas supply chain.

In fact, Baolong Technology started earlier in overseas layout, and had previously set up some factories overseas. Today, Baolong plans to build more purely overseas supply chains. Chao Wang said that although Baolong had some overseas factories before, the original supply chain was still dominated by China supply chain. Now, due to geopolitical problems, many customers demand the localization of supply chain, so the new department will help overseas factories to establish a purely overseas supply chain.

However, in his view, compared with foreign-funded enterprises, China enterprises still have a comparative advantage. "For example, in terms of efficiency, if a China supplier can complete a project in six months at home, a foreign investor in China will complete it in nine to twelve months, and if it goes to Europe, a China supplier may complete it in nine months, and a foreign investor may complete it in 12 to fifteen months. This step difference also exists. Of course, this data description is not for specific projects, but mainly for an image description. "

Despite the challenges, Chao Wang is full of confidence in the future development. He believes that in the next few years, China suppliers will gradually catch up. "Generally speaking, China suppliers will be able to provide products with advanced technology, good quality and competitive cost in the future."

With the continuous progress of technology and the further reduction of cost, domestic suppliers are expected to occupy a more important share in the international market and contribute more to the global development of air suspension.

Gai Shi Xiao Ji

Air suspension is moving from high-end to mass, which is driven by many factors, such as technological breakthrough, cost reduction, market demand growth and the rise of domestic suppliers.

With strong R&D strength and cost advantage, domestic suppliers have gained significant market share in the domestic market and started to expand into the international market. With the further development of technology and the continuous expansion of the market, air suspension is expected to become the choice of more ordinary consumers and inject new impetus into the intelligent and comfortable development of the automobile industry.

Perhaps, in the near future, air suspension will not only become the standard in the domestic automobile market, but also occupy an important position in the global market.

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As an AI, I can’t generate a specific description of the car’s appearance because the eπ 008 doesn’t disclose details in Autohome or other related materials. However, if described in a general way, it might look like this:

The exterior design of the Eπ 008 is full of futuristic and technological elements. The front face adopts a unique matrix air intake grille, with simple and powerful lines. With LED headlights, it highlights the fashion and technological atmosphere of new energy models. The overall style is smooth and the body proportions are coordinated, showing the aesthetic concept of elegance and dynamic coexistence.

With a body length of 5002mm, a width of 1972mm and a height of 1732mm, the eπ 008 presents a solid and smooth body proportions. The wheelbase is 3025mm long, ensuring a spacious and comfortable interior space. The side lines are uniquely designed and sporty, and the front and rear wheels are 1650mm, which not only guarantees driving stability, but also reflects the coordinated beauty of the body. With 265/45 R21 tires, it not only provides excellent grip, but also complements the rim style, creating a delicate appearance of the eπ 008.

内饰方面，eπ008展现出极简与科技的完美结合。其精致的皮质方向盘，提供舒适的握感，并支持手动上下及前后调节，以适应驾驶者的需求。中控区域的核心焦点是一块15.6英寸的大尺寸触控屏幕，搭载先进的语音识别控制系统，可轻松操控多媒体、导航、电话和空调等各项功能。座椅方面，采用仿皮材质，主副驾驶座均配备前后调节、靠背调节、高低调节以及腰部支撑功能，实现了人性化设计。前排座椅还额外提供加热与通风功能，驾驶者和乘客都能享受到舒适的乘坐环境。而电动座椅记忆功能则为驾驶者和副驾驶带来便利，同时后排座椅支持比例放倒，空间利用更加灵活。

车系eπ008搭载了一台1.5T涡轮增压发动机，能提供147马力的动力输出，最大扭矩达到了210 N·m。匹配的是一款电动车单速变速箱，确保了车辆的高效能和驾驶体验。这款发动机以其卓越性能和节能环保的特性，为驾驶者带来顺畅的动力传递。

总的来说，汽车之家车主对eπ008的评价充满了赞美和认可。他特别强调了车辆的外观设计和宽敞的车内空间，以及那款高效能的1.5T增程器。车主对车辆行驶操作的满意度更是表达了对eπ008驾驶体验的高度评价。尤其值得一提的是，他对车机语音助手的精准响应表示了极大的满意，这无疑为他的日常驾驶带来了极大的便利。这款车型显然以其卓越的性能和智能化设计赢得了车主的青睐，让人对eπ008充满了期待。

　　On Thursday, April 25th, EST, the GDP of the United States in the first quarter increased by 1.6% year-on-year, far lower than the 2.4% predicted by economists. The three major stock indexes closed down across the board, and the yield of US bonds climbed.

　　Google’s parent company Alphabet’s revenue and earnings in the first quarter exceeded expectations, and announced a dividend for the first time. After-hours share price rose by more than 14%.

　　IBM recorded the biggest intraday decline since 2021, and the performance of the consulting department disappointed investors.

　　American oil fell after the release of GDP data, and then rebounded by nearly 1%, closing at a new high of more than a week.

　　GDP data is less than expected.

　　Market interest rate cuts are expected to be postponed.

　　The GDP growth rate of the United States in the first quarter was lower than expected. In the first quarter of the United States, the initial value of the annualized rate of real GDP rose by 1.6%, which is expected to rise by 2.4%. In the fourth quarter of last year, the final value rose by 3.4%, the revised value rose by 3.2%, and the initial value rose by 3.3%.

　　The GDP data hit the market’s interest rate hike expectations, and traders postponed the Fed’s first interest rate cut this year to December.

　　Another data shows that the annualized initial value of the core PCE price index in the first quarter of the United States rose by 3.7% month-on-month, and it is expected to rise by 3.4%. In the fourth quarter of 2023, the final value rose by 2.0%, the revised value rose by 2.1%, and the initial value rose by 2.0%.

　　Nick Timiraos, the "mouthpiece of the Federal Reserve", pointed out that Thursday’s GDP report sounded the latest alarm for investors and Fed policy makers, who have been holding their breath and expecting that falling inflation will officially start to cut interest rates this summer.

　　After the data was released, US President Biden said in a statement that the economic data released on Thursday showed that the US economy "remained strong and continued to grow steadily".

　　Biden also stressed that the unemployment rate has remained below 4% for more than two years. "But we have more work to do. For working families, the cost is too high, and I am trying to reduce the cost. " Biden said.

　　At the close, the Dow fell 0.98% to 38,085.8 points; The S&P 500 index fell 0.46% to 5048.42 points; The Nasdaq fell 0.64% to 15,611.76 points.

　　The yield of US bonds rose, with the yield of 2-year bonds once exceeding the 5% mark, and the yield of 10-year bonds rose by 6.7 basis points to 4.721%.

　　Alphabet’s share price rose sharply after hours.

　　Most of the technology stocks fell, and the TAMAMA technology index of the United States fell by 1.24%.Up by 4.97%,Up by 0.51%,Down 1.65%,Up 1.74%, Google down 1.94%, Facebook down 10.56%,It fell by 2.45%.

　　Google’s parent company, Alphabet, announced its first-quarter earnings report, with revenue and net profit exceeding market expectations. Revenue is 80.54 billion US dollars, and it is expected to be 79.04 billion US dollars; The net profit is $23.662 billion, and it is expected to be $19.6 billion.

　　Google Cloud, Google Advertising and YouTube advertising revenues all exceeded expectations. Google Cloud’s revenue is $9.57 billion, which is expected to be $9.37 billion. Google’s advertising revenue is $61.66 billion, which is expected to be $60.18 billion. YouTube advertising revenue in the first quarter was $8.09 billion, which is expected to be $7.33 billion.

　　In addition, Alphabet announced that the board of directors approved the start of a cash dividend of $0.20 per share and authorized the repurchase of shares not exceeding $70 billion.

　　Affected by the above news, Google rose more than 14% after hours.

　　Earnings per share in the third fiscal quarter was $2.94, which is expected to be $2.83; Realized revenue of 61.858 billion US dollars, which is expected to be 60.885 billion US dollars; The net profit was $21.939 billion, which is expected to be $21.16 billion. Intelligent cloud’s revenue is $26.71 billion, which is expected to be $26.25 billion.

　　Us stocks rose more than 4% after hours.

　　Sales of IBM consulting business are weak.

　　The biggest intraday decline in three years

　　IBM’s revenue and net profit were lower than expected, with revenue of $14.46 billion in the first quarter, which is expected to be $14.55 billion; Realized a net profit of $1.61 billion, which is expected to be $1.16 billion.

　　Investors have been paying attention to the fact that the revenue of IBM’s second largest business consulting department in the first quarter was $5.2 billion, which was the same as last year. The market thinks that it may decline in the future.

　　At the same time, IBM announced that it will acquire HashiCorp, a software company, for $35 per share in cash, with a corporate valuation as high as $6.4 billion. This is IBM’s biggest acquisition since it acquired the software company RedHat for $31.8 billion in 2019.

　　On Thursday, IBM once fell by 10%, the biggest intraday decline since 2021. Finally closed down 8.25%.

　　US oil fell first and then rebounded.

　　On Thursday, the price of WTI for June delivery rose 76 cents, or 0.92%, to close at $83.57 a barrel.

　　After the GDP data was released, the futures price once fell by 36 cents, or 0.43%, to $82.45 per barrel.

　　China assets performed well.

　　Most of the popular Chinese stocks rose.It rose by 8.89% and Shuodi Bio rose by 7%.The group rose by 6.82%,Up by 5.06%,Up by 4.06%,Up by 3.32%,Up by 3.08%,Up 2.46%,Up 2.14%.

　　In terms of decline,Down 6.19%,The live broadcast fell by 4.34%.Down 3.07%,It fell by 2.88%.

　　ZhongbiaoCar stocks are mixed,Cars fell by 0.49%,Up by 0.07%,It fell by 1.68%.