The electric shadow of Japanese automobile empire: the choice and torture of traditional manufacturing industry

  The electric shadow of Japanese automobile empire: the choice and torture of traditional manufacturing industry | geography of overseas automobile market

  Xiao yisi

  "The market share of pure electric vehicles can only account for 30% at most, and the remaining market share will be occupied by hybrid vehicles, hydrogen fuel cell vehicles and fuel vehicles." Recently, Akio Toyoda, chairman of Toyota Motor Corporation, once again "shelled" pure trams. He said that because of the lack of charging facilities, about 1 billion people in the world could not use electric vehicles, so a single pure electric vehicle could not provide transportation services for everyone.

  In addition, Akio Toyoda also said that giving up fuel vehicles and choosing electric vehicles should be decided by customers, not by policies or regulations.

  Judging from the recently released data, it seems that Toyota Motor is quite likely to win in this new and old energy dispute, and has made outstanding achievements in profitability, company market value and global sales. Take the company’s market value as an example. On the day when Akio Toyoda "shelled" electric vehicles, Toyota’s closing market value was fixed at 48.7 trillion yen (about 328.8 billion US dollars), making it the company with the highest market value in Japanese history.

  As a pearl of Japanese automobile industry, Toyota is almost the vane of the development of the whole Japanese automobile market. Completely different from the streetscape where various brands of electric vehicles are constantly shuttling in Shanghai, when the First Financial Reporter walks on the streets of Japan at the end of 2023, the chances of seeing new energy vehicles are very small, and even Tesla is close to disappearing here. Instead, K-car (ultra-small car with a displacement of no more than 0.66L) or Toyota Erffa, which are nicknamed "Old Man Le" and "grocery cart" in China market, can be seen everywhere.

  Here, it is obviously too early to talk about the end of the era of fuel vehicles. "It is no exaggeration to say that what Japanese cars were like when I first came to Japan 25 years ago, and what they are now, but the cars are new, and the consumption concept is still the same as before." Wang Li, chief operating officer of Hongqi Japan Experience Center, said in an interview with China Business News recently that the penetration rate of new energy vehicles in Japan is very low, coupled with the low willingness of Japanese car companies to transform, never deliberately promoting electric vehicles and poor charging infrastructure.

  According to the data of Japan Automobile Sales Association Federation and Japan National Mini-car Association Federation, the sales of new cars (including mini-cars) in Japan reached 4.78 million in 2023, up 13.8% year-on-year, the first growth in five years, but it still failed to surpass the level before the epidemic in 2019. While the auto market is improving, the data released by Cui Dongshu, secretary-general of the Association, show that the penetration rate of new energy vehicles in Japan is less than 3% in 2023, which is not only far lower than that in China and Europe, but even lower than that in Canada, Mexico, South Korea and other countries.

  It is the low penetration rate of new energy vehicles that makes many car companies see opportunities in the Japanese market. Tesla and BYD have successively entered the "forbidden import area" of Japan. Previously, according to Japanese media reports, SAIC-GM-Wuling has also investigated the Japanese market, and there are plans to introduce Hongguang MINI EV into sales. In 2023, the import of pure electric vehicles by foreign car companies in Japan exceeded 20,000 vehicles for the first time, reaching 22,890 vehicles, up nearly 60% year-on-year. Among the imported manufacturers, Tesla and BYD were among the top, while the pure electric vehicles imported by Japan just exceeded 10,000 vehicles in 2022.

  It is true that the quantity of imported pure electric vehicles is still very low compared with the annual automobile sales in Japan. It is still difficult to decide whether it will be a single spark that started a prairie fire or a fleeting meteor. Just as in the face of the changing trend of global car electrification, whether the Japanese domestic market and the whole automobile industry it has cultivated are the afterglow of the empire or the sober-up after everyone is drunk remains to be concluded.

  Automobile kingdom on internal combustion engine

  Although the Japanese automobile industry has a history of more than 100 years, the real story basically begins with Ford entering Japan.

  In 1925, Ford began to assemble the Ford Model T, which was popular all over the world, followed by General Motors and Chrysler, and came to Japan to set up companies to assemble and sell cars. In the following ten years, the embryonic Japanese automobile market was almost monopolized by the three major American automobile companies. However, American auto companies have also brought technology and manufacturing management experience to the Japanese auto market.

  Looking closely at the development history of Japanese automobile industry, the government’s protection policy is essential. In 1936, Japan promulgated the Automobile Manufacturing Law, which prohibited foreign automobile companies from entering Japan, and Ford and GM were forced to withdraw. However, Japanese local car companies are increasing day by day, and today’s global champion Toyota Motor was established in 1937.

  The early development of Japanese car companies was mainly based on imitation. Toyota’s early AA cars and SA cars were based on Chrysler Airflow and Volkswagen Beetle.

  In order to avoid the impact of imported cars from Europe and the United States, since 1951, the Japanese government has also set high tariff barriers on imported cars, while strictly prohibiting overseas capital from directly investing in the Japanese automobile industry. The protection policy is superimposed on the popularity of local automobile consumption brought by Japan’s economic prosperity. Since the 1960s, Japan’s automobile industry has risen rapidly, and the local sales volume has jumped from 400,000 vehicles in 1960 to 4 million vehicles in 1970, achieving a tenfold high-speed growth. In 1966, Japan’s automobile production surpassed that of Britain and squeezed into the top three positions in the world.

  The second take-off of Japanese cars benefited from two oil crises. In the 1970s, Japanese cars were not satisfied with the local market and began to expand overseas. At this time, it coincided with the soaring oil price, and the price of crude oil rose from $3.3/barrel in 1973 to $36.8/barrel in 1980. The economical and fuel-efficient characteristics of Japanese cars made them popular all over the world, and opened up the American market advocating high horsepower in one fell swoop. Coupled with the cost reduction brought by lean manufacturing, Japan’s total automobile output exceeded 11 million in 1980, surpassing the United States to become the largest automobile producer and exporter.

  Since then, in order to avoid trade friction and further reduce production costs, Japan has replaced the simple export trade model by setting up factories overseas to directly produce or assemble cars. By 2015, the overseas production scale of Japanese cars has reached 18.09 million, almost twice that of domestic 9.28 million.

  In Japan, the semiconductor and home appliance industries have not lagged behind one after another, and the automobile industry is very important to Japan. At present, it is the largest pillar industry in Japan, accounting for about 10% of Japan’s total GDP and 40%~50% of its industrial output value. There are 78 factories in 22 prefectures and counties in Japan, with more than 5.5 million related employees.

  At the same time, with the development of Japan’s automobile industry, the consumption concept that used to be proud of owning an American car has already changed. The Japanese auto market has become a "forbidden place to import", and over 90% of the local market share has been occupied by Japanese auto companies. In 2023, the top ten automobile sales in Japan were all Japanese brands, including Toyota, Suzuki, Daihatsu, Honda and Nissan, among which a single Toyota brand occupied 26.5% of the market. In addition to local brands, there are almost only European brands that can be seen on Japanese streets, such as Mercedes-Benz, BMW, Volkswagen and Volvo.

  Traditional fuel vehicles have made Japan’s automobile industry, but Japanese cars have also generated great inertia, which makes it difficult for them to "turn around like an elephant" in the face of global automobile electrification transformation.

  Trapped in the transformation of new energy sources

  "There is almost no publicity about new energy vehicles on traditional communication platforms such as TV and mailbox." An international student who has lived in Japan for a long time told reporters that the information of trams will only appear on the Internet, which is very fragmented compared with the domestic situation.

  According to Rho Motion, a market research company, the global sales of electric vehicles in 2023 was about 13.6 million, up 31% year-on-year, of which 9.5 million were pure electric vehicles. In terms of market, the sales volume of new energy vehicles in China reached 9.495 million, accounting for nearly 70% of the global market. In Japanese market, the sales volume of new energy vehicles is less than a fraction of that of China market. In 2023, the sales volume of pure electric vehicles just exceeded 20,000.

  As a big automobile country, Japan is not only a "forbidden place for import" but also a "forbidden place for new energy". There are almost no electric cars on the road, and even Tesla Model Y, whose sales volume won the championship for the first time in 2023, has to be defeated in the Japanese market. In 2021, Tesla sold a total of 5,200 cars in Japan and only 1,900 cars in 2020.

  Tesla’s difficulty in selling in Japan can also be seen from the price of Model Y in Japan, which is almost second only to China, the world’s most "rolled" new energy market.

  "Japan has accumulated nearly a hundred years in the traditional internal combustion engine track, and it has achieved today’s achievements. Once you turn around and turn to new energy vehicles, it will involve more than 5 million families. This is not only a problem in the automobile industry, but also a social problem. " A Japanese car dealer investor told reporters.

  Akio Toyoda has repeatedly stressed the unemployment cost caused by Japan’s automobile transformation. Earlier, Akio Toyoda declared that if Japan began to implement the "carbon neutral" plan focusing on electric vehicles, Japan would lose 5.5 million jobs and 8 million new car production capacity by 2030.

  Wang Li told reporters that Aichi Prefecture in Nagoya is the location of a famous Japanese automobile industry cluster, where hundreds of Toyota parts suppliers gather. Once the electric vehicles are transformed, the whereabouts of these suppliers and local industries in Aichi Prefecture will be a big problem.

  On the other hand, Japanese car companies headed by Toyota have repeatedly missed the electrification technology tree, which has further delayed its transformation process. In fact, it is not too late for Japanese cars to develop and explore new energy sources. Japan is one of the earliest countries to lay out batteries. As early as the 1990s, Japan had the first generation of "Big Three" composed of Panasonic, Sanyo and Sony. By the beginning of the 21st century, Japanese companies have produced nearly 90% of the world’s consumer lithium batteries. In 1997, Toyota introduced the world’s first mass-produced hybrid Prius, and in 2010, Nissan listed the world’s first mass-produced LEAF for pure electric vehicles.

  But around 2010, Japanese auto giants headed by Toyota once believed that hydrogen fuel cell vehicles were the future. Mirai hydrogen fuel cell model launched by Toyota in 2014 is a representative event. Akio Toyoda has repeatedly "advocated" that lithium battery electric vehicles are not really clean energy, and the real new energy vehicles are actually hydrogen fuel cell vehicles. He believes that the world’s mainstream optimism about electric vehicles is likely to be a misunderstanding.

  This concept makes the Japanese battery industry chain bet on hydrogen fuel cells, but ignores the investment in lithium-ion power batteries. Because of this, Japanese cars missed the first half of the development of global electric vehicles.

  At present, the patent share of Japanese car giants represented by Toyota in the field of hydrogen fuel cell vehicles exceeds 74%, and it involves core fields. However, only technology has no market, and hydrogen fuel cell vehicles simply cannot stand on their feet. By the end of 2022, the total number of hydrogen fuel cell vehicles in major countries in the world was 67,315, of which only 8,150 were in Japan.

  "There is a hydrogen refueling station within one kilometer of my home, so I can occasionally see several hydrogen fuel cell cars, which are basically not seen in other places." Wang Li said.

  Based on this, the above-mentioned investors told reporters that there are very few choices of electric vehicles in the Japanese auto market, and ordinary consumers have little knowledge of electric vehicles. The new energy vehicle market has not been cultivated at all.

  Foreign brands take advantage of the situation to attack

  However, the wheel of the times is rolling forward, and many countries around the world have identified electrification as the main direction of new energy vehicle reform in the future. The Japanese government, which was hesitant, also set the goal of "no burning" in early 2021, and announced that by 2035, 100% of the new cars sold will be electric vehicles.

  In terms of subsidies for consumers to buy cars, Japan has also raised the maximum subsidy for pure electric vehicles from 400,000 yen to 800,000 yen, for plug-in hybrid vehicles from 200,000 yen to 400,000 yen, and for hydrogen fuel cell vehicles from 2.25 million yen to 2.5 million yen.

  With the support of policies, the reporter learned from the consulting firm Kearney that the Japanese market is expected to turn to electric vehicles steadily in the future. By 2025, the penetration rate of electric vehicles (including pure electric and plug-in hybrid vehicles) will increase from 3% in 2021 to 8%, and further increase to 35% in 2035, when the global penetration rate of electric vehicles is expected to reach 27%.

  In this context, foreign brands are gradually knocking on the door of Japan, a "forbidden place for imports", through new energy sources. Tesla opened the first local delivery center in Tokyo, Japan in November 2021 and began to deliver Model 3. In September 2022, Tesla officially announced that its current best-selling model Model Y has also landed in the Japanese market and opened a reservation.

  BYD also officially entered the Japanese market on July 21st, 2022, becoming the second China automobile brand to enter Japan after FAW Hongqi.

  "BYD’s entry into the Japanese passenger car market is a trend." BYD told the First Financial Reporter that on the one hand, the penetration of new energy vehicles in Japan is low, which shows from the side that there are still huge growth potential and industry opportunities in the Japanese electric vehicle market, and the Japanese government is committed to promoting automobile electrification, providing certain car purchase subsidies for electric vehicles, and actively encouraging more enterprises to participate in the construction of charging facilities. On the other hand, BYD has a good market base and brand base in Japan. In 1999, BYD started to serve Japanese customers with rechargeable batteries. Subsequently, BYD’s pure electric commercial vehicles, energy storage and other businesses were successfully carried out in Japan, accumulating a good market foundation and brand foundation.

  So far, BYD has opened 17 stores in Japan, distributed in Tokyo, Yokohama, Nagoya, Fukuoka and other places, and plans to open more than 100 stores in Japan by the end of 2025. At present, BYD has listed BYD ATTO 3 and BYD DOLPHIN in Japan, and will soon launch BYD SEAL and other products.

  Previously, according to Japanese media reports, I took a fancy to Japan’s huge K-car market. SAIC-GM-Wuling also investigated the Japanese market and planned to introduce Hongguang MINI EV into sales. Because of the narrow roads in Japan and the limited parking space resources in Japan, mini-cars have been selling very well in Japan, and Hongguang MINI EV is expected to sell much cheaper in Japan than mini-cars made by local Japanese companies. But for some reason, SAIC-GM-Wuling has not officially announced its entry into the Japanese market.

  Although the absolute value of electric vehicle sales of foreign manufacturers in Japan is still very small, the year-on-year growth rate is very fast. In 2022, the sales of pure electric vehicles by foreign manufacturers in Japan exceeded 10,000 vehicles for the first time, and in 2023, the data exceeded 20,000 vehicles. The proportion of pure electric vehicles imported by foreign manufacturers also reached a new high, reaching 9.2%. Among them, BYD delivered 1,237 vehicles in Japan in the first year.

  Compared with the total sales of more than 3 million vehicles in the whole year, BYD’s sales in Japan are almost negligible, but Chairman Wang Chuanfu attaches great importance to the Japanese market. According to relevant reports, in October 2023, Wang Chuanfu personally attended a dealer meeting in the port area of Tokyo. Recently, BYD Japanese dealers also came to Shenzhen for communication.

  For the arrival of BYD, the largest publishing house in Japan, Nikkei BP, also dismantled the seal of BYD, and published a book, including BYD’s 3.0 platform, Sandian, CTB battery pack and body structure integration, etc., and the price was as high as 880,000 yen (equivalent to 43,000 yuan).

  On the contrary, Japanese cars have gradually lost power in China, the fastest-growing new energy market. In 2023, the share of Japanese brands in China market fell to 17%, the lowest level in three years, and in 2020, it was 24.1%. In terms of brands, Toyota’s sales in China in 2023 was 1,907,600 units, a year-on-year decrease of 1.7%; Nissan’s sales in China were 793,800 units, down 24% year-on-year; Honda’s sales in China were 1,234,200 vehicles, down 10.1% year-on-year.

  Will there be a "Nokia moment"?

  On December 17, 2020, at the year-end press conference of Japan Automobile Manufacturers Association, Akio Toyoda, as the president, publicly "shelled" electric vehicles, saying that electric vehicles were over-hyped. He believed that with the advent of the electric vehicle revolution, many enterprises would die, many investments would be wasted, and more carbon dioxide would be released in this process.

  When such remarks came out, it triggered a lot of discussion in the industry. On December 21st of that year, He Xiaopeng, chairman of Xpeng Motors, forwarded the above remarks and wrote a story about Microsoft’s acquisition of Nokia, implying that Toyota was compared to Nokia in the era of smart phones.

  Previously, there has been a discussion in the industry about whether traditional car companies will be subverted like Nokia. The sales of new energy vehicles are growing rapidly, eroding the basic disk of traditional fuel vehicles, which also makes many traditional car companies more and more anxious. Tesla CEO Musk, who holds a completely opposite view to Akio Toyoda, warned that if traditional car companies do not quickly transform into electric vehicles, they will be eliminated, just as Kodak, the film giant of that year, was abandoned by the digital age.

  In this context, China’s new energy vehicles are not only entering the Japanese domestic market, but also entering the Southeast Asian market occupied by Japanese cars.

  Climate Group, an international non-profit climate group, once published an independent report saying that if Japan cannot switch to pure electric vehicles in time, it will lose half of its automobile exports and 1.72 million jobs by 2030; By 2040, it will lose 14% of GDP and 80 trillion yen in profits (equivalent to 3.88 trillion yuan).

  However, it is worth noting that although Japanese cars have suffered setbacks in China market, they have prospered in other markets, especially the achievements of Japanese cars in 2023 have given them more confidence in resisting electric vehicles. In terms of sales volume, Toyota is still the overlord in the era of fuel vehicles. In 2023, the global sales volume is expected to reach 10.65 million units, ranking first in the world for four consecutive years. In terms of financial performance, Toyota expects that in the latest fiscal year ending in March this year, the company’s consolidated operating profit will increase by more than 60% year-on-year, reaching 4.5 trillion yen (about 30.5 billion US dollars). If realized, Toyota will become the first Japanese company with an operating profit of more than 4 trillion yen. In terms of the company’s market value, on the day when Akio Toyoda "shelled" electric vehicles, Toyota’s closing market value was fixed at 48.7 trillion yen (about 328.8 billion US dollars), making it the company with the highest market value in Japanese history.

  In addition to Toyota, in the third quarter of 2023, Honda’s net profit also reached 253.2 billion yen, a year-on-year increase of 34%; Nissan’s net profit was 190.7 billion yen, up 173.3% year-on-year.

  For Japanese cars, the global market for traditional fuel vehicles is still large enough. However, in order to cope with the trend of electrification in the future, Japanese car companies such as Toyota have to be wrapped up in transformation, although electric vehicles are bombarded every three to five times. In May last year, Toyota announced that it would invest 5 trillion yen in related fields of pure electric vehicles (EV) by 2030, which increased by 1 trillion yen on the previous plan. Honda, which is famous for its engine technology, has formulated the most radical electrification strategy among the "top three Japanese companies", that is, only electric vehicles will be sold in the global market by 2040. Among them, in the China market, Honda will not launch new fuel vehicles by 2030, and 100% of new car sales will be pure electric vehicles by 2035.

  On January 29th, Nissan Motor Co., Ltd. also announced that it will independently produce lithium iron phosphate batteries that do not use expensive materials such as nickel, and strive to be installed in pure electric vehicles launched by emerging countries after 2026. Nissan’s move is intended to reduce the cost of batteries by 20-30%, reduce the price of pure electric vehicles, and accelerate the popularization in emerging market countries.

  "In terms of market share of power battery, a key component of electric vehicles, Japan has been left far behind by China and South Korea. If Japan wants to play a’ turnaround’, it is necessary to see the next generation of battery technology. " Hu Qichao, founder and CEO of SESI Corporation (SES), which focuses on mixed lithium metal batteries, pointed out to the First Financial Reporter.

  At present, in the transformation of new energy vehicles, Japanese cars still hold two cards, namely solid-state batteries and hydrogen fuel cells. Solid-state battery has always been regarded as the next generation battery technology for electric vehicles. The First Financial Reporter learned from the global patent database of Wisdom Bud that Japan is in a leading position in terms of technology source and layout. In terms of patent distribution, Japan accounts for about 30.4% of the global total, followed by China, the United States, Europe and South Korea, accounting for about 26.2%, 14.4%, 5.2% and 3.9% respectively.

  Toyota also regards the solid-state battery, whose energy density is expected to be greatly increased, as the key to overtaking in the curve on the electrified track. Investors’ high expectations for the commercialization of solid-state batteries and taking advantage of hydrogen fuel cells have also supported Toyota’s share price rise this year.

  For the Japanese automobile empire, which relies heavily on the traditional internal combustion engine, some people think that it is only the afterglow of the sunset, but some people also point out that it is sober under the fanatical transformation. Zhu Huarong, chairman of Chang ‘an Group, mentioned not long ago that foreign brands are waiting for the best opportunity. Once they are transformed, with the resources they have and the global market, their rise cannot be underestimated.

  In 2023, the global automobile sales will be between 79 million and 81 million, and the new energy penetration rate will be around 17%, while the new energy penetration rate in the global market except China will be only around 8%. It is foreseeable that the end of the automotive electrification reform has not yet come, and it will still be a protracted war.

TOP200 list of sales of real estate enterprises in China in 2019

Source: real estate people’s words
☉ Wen/Kerui Research Center
List revision instructions
This year is the 11th year that Kerui compiled the sales list of China real estate enterprises, from the initial TOP20 to TOP50, TOP100 and TOP200;; From the single sales list to the launch of the trading list representing trading ability and the equity list of investment ability, we have been truly, rigorously and fairly recording the industry changes, pattern evolution and model innovation in the past 10 years.
Since January 2019, on the basis of the original sales flow list and equity list, we have added a sales full-caliber list. Full-scale sales refers to the statistical method that all projects of enterprise groups and joint ventures and associated companies are included in the performance, regardless of the proportion of equity and whether they are trading. Because the agent construction belongs to the export management behavior, the sales performance generated by the agent construction is not included in the full-caliber list data. The full-caliber list reflects the enterprise’s urban layout and project expansion ability.
The trading list is based on enterprise trading, that is, if a project is jointly developed by a number of housing enterprises, the performance of the project is only classified as trading enterprises. It reflects the marketing and trading ability of the enterprise, and the sales performance generated by the enterprise’s agent construction is included in the statistics of trading caliber.
The equity list is based on the proportion of corporate equity, that is, if a project cooperates with a number of housing enterprises, the performance of the project will be included in the corresponding enterprises according to the proportion of equity. It reflects the financial strength and investment ability of the enterprise. (Note: The data of equity caliber does not include the equity of the parent company and related parties, and the employee’s follow-up investment)
In view of the fact that most listed real estate enterprises have changed the caliber of performance announcement from consolidated statement to full caliber, readers who need to compare with the data released by listed companies can refer to the full caliber list.
List interpretation
In 2019, the cumulative equity sales amount of TOP100 real estate enterprises increased by 6.5% year-on-year, far less than 40.5% in 2017 and 35.1% in 2018. By the end of December, most large-scale housing enterprises have achieved their annual performance targets, but the overall overfulfilled rate is not as good as that in 2016 and 2017.
On the whole, the market environment for the industry to maintain long-term and stable development has become clear. It is expected that the overall scale growth of enterprises will continue to rise steadily in 2020, and the differentiation pattern within the top 100 housing enterprises will also be continued. While the sales threshold of real estate enterprises in each echelon is further improved and the competition is intensified, TOP30 will become an important watershed for scale development.
01
Overall performance: the growth rate of the industry slowed down significantly.
Better performance in the second and fourth quarters
In 2019, with the central government’s clear goal of "stabilizing land prices, stabilizing housing prices and stabilizing expectations", market regulation tends to be normalized, the credit level gradually tightens, and the real estate market develops steadily and healthily. As of the end of December, the cumulative equity sales amount of TOP100 real estate enterprises increased by 6.5% year-on-year, which was less than 40.5% in 2017 and 35.1% in 2018. The growth rate of the overall scale of the industry has slowed down significantly compared with the previous two years, and the growth of the top 100 housing enterprises has "stalled".
Judging from the annual performance trend, the overall sales performance of the top 100 real estate enterprises in the second and fourth quarters of this year was better, and the scale of equity sales increased by 7.5% and 11.7% respectively compared with the same period of last year. Among them, the "Xiaoyangchun" market in the first and second quarters, especially in March and April, increased the market enthusiasm, and the monthly year-on-year growth rate rebounded significantly from the beginning of the year. After the second half of the year, enterprises increased their supply, and the year-on-year growth rate of performance also showed a rebound trend. Especially since September, it has coincided with the peak of supply at the end of the year, and the performance of enterprises has stabilized and rebounded under the promotion of both pushing and marketing efforts.
But on the whole, the real market situation is not as optimistic as the growth rate of corporate performance. At present, the market pressure of chemical industry still exists, and the overall chemical industry rate is still relatively low. Judging from the push and de-transformation of real estate enterprises throughout the year, the average single-plate production capacity of large-scale real estate enterprises in 2019 decreased compared with that in 2018, and the performance growth mainly depended on the increase in the number of projects on sale.
02
Concentration: echelon differentiation pattern intensifies
TOP30 scale development watershed
By the end of 2019, the concentration of equity sales amount of TOP3, TOP10, TOP30, TOP50 and TOP100 housing enterprises had reached nearly 9.5%, 21.4%, 35.7%, 43.5% and 53% respectively. In terms of echelons, while the overall growth rate of the industry has slowed down, the differentiation pattern of housing enterprises in the top 100 echelons has intensified.
Among them, the scale growth of leading real estate enterprises slowed down and the concentration decreased slightly under the strategy of improving quality control speed. TOP4-10, TOP11-20 echelon scale enterprises have increased in concentration, and echelon competition has intensified, while the concentration of TOP21-30 echelon housing enterprises is basically the same. On the whole, TOP30 echelon housing enterprises benefit from the scale effect, national layout and relatively mature internal control mechanism, and have more industry competitiveness and room for further improvement in the future. With the rapid accumulation of resources in the real estate market to advantageous enterprises, TOP30 housing enterprises have become a watershed in the scale development of housing enterprises.
It is worth noting that after TOP30 in 2019, the concentration of housing enterprises in each echelon showed a downward trend compared with that in 2018. The concentration of the TOP31-50, TOP51-100 and TOP101-200 echelons has declined, and the internal rankings of the echelons will change more frequently as the competition pattern further intensifies.
03
Threshold for listing: amount of equity of TOP100 housing enterprises
The threshold has dropped, and the expansion of 100 billion housing enterprises has slowed down.
In 2019, the threshold of equity sales amount of real estate enterprises in each echelon of TOP50 increased slightly compared with the same period of last year. Among them, the threshold of the equity amount of TOP10 housing enterprises reached 170.35 billion yuan, a year-on-year increase of 5.8%. The threshold of equity amount of TOP20 and TOP30 real estate enterprises is 111 billion yuan and 82.52 billion yuan respectively, and the threshold increase is 12% and 3.6% respectively. The competition pattern of TOP50 housing enterprises has intensified, and the threshold of equity amount has increased by 7.6% compared with the same period of last year to 51.71 billion yuan. By the end of December, the threshold of the equity amount of TOP100 enterprises in each echelon was reduced from 20.4 billion yuan last year to 18.78 billion yuan, while the threshold of TOP200 enterprises remained at around 6 billion yuan.
In addition, by the end of 2019, the number of full-caliber 100 billion housing enterprises increased by only 4 to 34 compared with the same period of last year, and the number of housing enterprises with a scale of 50-100 billion reached 33. Compared with the high increase in the previous two years, in 2019, under the background of slowing down the growth rate of the industry scale, the number of newly added 100 billion housing enterprises dropped significantly, and the expansion of large-scale housing enterprises slowed down.
04
Corporate performance: the leading housing enterprises grew steadily.
Evergrande ranked first in the equity list.
By the end of 2019, the full-caliber sales of the four leading real estate enterprises had exceeded 550 billion yuan, but the growth rate slowed down significantly compared with the same period in 2018. Among TOP4 housing enterprises, Evergrande achieved remarkable results through price reduction promotion in September and October, especially in October, when it achieved a monthly performance of 90.3 billion yuan. By the end of the year, the accumulated sales amount of full caliber was 608 billion yuan, exceeding the annual target of 600 billion yuan for the whole year, and the scale of equity sales ranked first in the industry.
Sunac, on the other hand, broke through 500 billion yuan for the first time by virtue of its merger and acquisition advantages, abundant sales volume and high-quality product quality, and its monthly sales for three consecutive months from September to November remained above 60 billion yuan. In 2019, the total sales amount of full caliber was 555.63 billion yuan, a year-on-year increase of over 20%, which exceeded the annual sales target of 550 billion yuan. It is worth noting that, in addition to TOP4 housing enterprises, Poly is also close behind, and its full-scale performance this year exceeds 470 billion yuan.
05
Target completion rate: the vast majority of housing enterprises
Achieve the annual target as scheduled
Judging from the completion of corporate goals in 2019, most housing enterprises that set performance targets during the year have achieved their annual performance targets. Among them, 9 housing enterprises such as Shimao, Longhu, Sunshine City, Jinke, Zhongliang, Yuzhou and Baolong performed well, and completed the annual target ahead of schedule as early as November. By the end of December, the target completion rates of eight real estate enterprises, including Shimao, Sunshine City, Jinke, Zhongliang, Zhongjun and Jianye, were all above 115%.
On the whole, however, in recent years, regulation and control have continued, the overall market turnover rate is less than expected, and the target completion rate of housing enterprises has been decreasing year by year. Compared with 2016 and 2017, the target completion rate of nearly 80% of housing enterprises exceeded 110%, and the number of housing enterprises in this area decreased significantly in 2019. This year, the target completion rate of only half of housing enterprises is concentrated between 100% and 110%. We believe that under the background that the overall target growth rate of housing enterprises has slowed down and the average target growth rate has dropped from 41% in 2018 to 20%, although most housing enterprises have achieved their annual performance targets in 2019, their overall performance is not as good as that in 2016 and 2017.
06
Quality of growth: increased cooperation and decreased rights and interests.
The high-quality growth of enterprises should be paid more attention.
As can be seen from the data of the equity list, the overall project cooperation in the industry has increased in recent years, and the equity ratio of the sales amount of TOP100 housing enterprises has dropped from 85% in 2016 to about 75% at present. On the one hand, under the current industry background of high land price, tight funds for housing enterprises, increasing difficulty in land acquisition and development risks, cooperative development between housing enterprises has become the norm. On the other hand, under the current market background, more small-scale enterprises choose to expand the full-scale performance scale through cooperative development, and the overall equity ratio is correspondingly reduced.
However, we believe that in recent years, under the industry development trend of continuous policy regulation, slow growth of enterprise scale, leading real estate enterprises improving quality control speed and pursuing high-quality growth, the era of real estate enterprises blindly pursuing full-caliber sales scale has passed. Based on the increase of current project cooperation, the caliber of sales manipulation and equity can better reflect the marketing, operation and investment capabilities of enterprises, and should be paid more attention. For example, Country Garden, China Resources, Sunshine City, R&F, Kaisa and other enterprises all choose to disclose their equity performance, which also shows that their management has paid more attention to the high-quality growth of their performance while developing their scale.
07
Outlook: Enterprise Development Outlook in 2020
Looking forward to 2020, the main tone of the central government’s policy of "housing without speculation and keeping the word steady" will not change, and the central government will also strictly control financial risks. Stability will remain the top priority of real estate policy regulation in the next stage. At the enterprise level, although the overall market is under pressure, the environment for the industry to maintain long-term stable development has become clear. It is expected that the overall scale growth of large-scale housing enterprises will enter a stable period in the future. In the market adjustment period, the financing environment of housing enterprises will continue to operate at a low level, and corporate investment will remain cautious. In addition, with the return of residential products to the essence of living, more housing enterprises will exert their efforts from the product side in the future to enhance the competitiveness of their products through standardized product systems, refined products and intelligent construction.
Market: financial control, risk prevention and stability are the main tone.
Judging from the trend of industrial policies, the main tone of the central government’s "staying in the house without speculation, keeping the word steady" will not change in 2020, and stability will remain the top priority of real estate regulation and control policies in the next stage. On the one hand, the real estate industry is the most important area of deleveraging at this stage, and the central government will control financial risks to ensure that systematic financial risks do not occur. Monetary policy will be moderately tight to avoid flooding, but structural easing is expected. At the same time, with the downward movement of LPR interest rate center, the mortgage interest rate will also decrease steadily. On the other hand, local regulation will remain "loose outside and tight inside", the new talent policy will continue to exert its strength, and the "four limits" regulation will be partially relaxed, but the overall policy environment will continue to be tight.
Based on this, the overall transaction scale in 2020 is expected to be the same as this year or slightly increase, and the market of cities with different energy levels will be relatively independent. The property market in first-tier cities is expected to heat up slightly, while the overall stability of second-tier cities will continue, and the callback pressure will mainly focus on most third-and fourth-tier cities with serious overdraft demand in the early stage and lack of fundamental support. On the other hand, the investment in real estate development will keep a steady and slightly declining trend, and the acceleration of construction and completion will provide solid support for it. The cumulative growth rate of newly started area will gradually decline. Due to the tight capital and low base, the growth rate of land acquisition area will continue to rise, but the growth rate is relatively limited.
Performance: the scale growth tends to be stable, and the high-quality development of enterprises is the key.
Although the overall market pressure will be reduced in 2019, the market environment for the industry to maintain long-term stable development has become clear. It is expected that the overall scale growth of enterprises will enter a stable period in 2020, and the overall growth will remain stable. At the same time, the competition among echelon housing enterprises in the top 100 will intensify, and the differentiation pattern will also continue. Under such an industry background and competitive pattern, the strategy of housing enterprises should be based on prudence and stability. For housing enterprises, preventing risks and better adapting to market adjustment are the top priority.
At present, the era of housing enterprises blindly pursuing full-caliber sales scale has passed, and the development focus of enterprises has gradually shifted from "increment" to "quality improvement". While the overall target growth rate of housing enterprises is slowing down, the industry will also pay more attention to the high-quality growth of performance. In the context of market pressure, the growth of enterprise sales scale can not simply depend on the increase of supply, and the fierce industry competition in the future will put forward higher requirements for the organization, control and operation of housing enterprises themselves. Urban layout, brand effect, project quality and product strength will all be important components of the future core competitiveness of housing enterprises.
Investment: cash is king, and new investment continues to be cautious.
In 2020, the investment of housing enterprises will remain cautious, and differentiation, focus and prudence are the main themes. First of all, under the background of loose policies and tight financing, the cash pressure of most enterprises has increased sharply. It is expected that the investment attitude of enterprises will continue the conservative trend in the past two years, and land acquisition will return to rationality. Secondly, as the land market cools down and the comparable land price tends to fall, the land market in different cities may be divided, and some cities with "the bottom line has not fallen and is expected to decline" may make concessions under local financial pressure. On the whole, the overall investment rhythm in 2020 will show a situation of "loose before and tight after". If the land acquired before the year can be listed within the year, it will still be attractive to enterprises with high turnover.
In the choice of cities, contraction, focus and regional deep cultivation will be the main strategic directions for the future layout of housing enterprises. In 2020, we should focus on first-and second-tier cities and provincial capital cities with rebounding market. In the choice of third-and fourth-tier cities, we should avoid full coverage and excessive sinking, be alert to the irrational rise of land prices and serious population loss in the early stage, and focus on the third-and fourth-tier cities with industrial support under the dividend of the city circle, such as the integration of the Yangtze River Delta and the satellite cities in Guangdong-Hong Kong-Macao Greater Bay Area. From the perspective of rotation, after a wave of adjustment in the third-and fourth-tier cities around the core of these rings, the future development prospects are still huge under the impetus of urban agglomeration and urban agglomeration dividends.
Financing: The financing environment is low, and the hematopoietic capacity of the enterprise itself is the key.
After the first quarter of 2019, the financing environment of housing enterprises is basically at the bottom, and the financing difficulty of housing enterprises has increased significantly after the window period. It is expected that the financing of housing enterprises will remain at a low level in the short term. From the perspective of financing costs, the financing costs of most enterprises are rising in 2019, mainly because the financing costs at home and abroad, especially the cost of issuing bonds abroad, continue to rise. And affected by the continuous increase of domestic financing restrictions, the proportion of overseas financing of enterprises has also continued to increase. It is expected that the financing cost of housing enterprises will continue to remain at a high level in the future.
In terms of financing channels, traditional financing channels such as trust loans, bank loans, corporate bonds and overseas debts are subject to more and more restrictions. Although the financing scale of asset securitization products has increased, it is still limited for the overall financing relief of housing enterprises. On the other hand, although the listing fever continued in 2019, the number of newly listed real estate enterprises continued to remain at a high level. But for housing enterprises, listing does not mean that it is a matter of course. From the perspective of long-term development, how to improve the repayment ability of enterprises, optimize their own financial structure, achieve high-quality development, and gain recognition from the capital market determines the ultimate benefit of housing enterprises’ listing.
Products: The housing returns to the essence of living, and the era of product bonus is coming.
At present, most large-scale housing enterprises have begun to cultivate deeply after completing the national layout, and the product war of housing enterprises has begun. As residential products begin to return to the essence of living, more housing enterprises will exert their strength from the product side and seek profit increase by creating product premiums. We believe that the product development of real estate enterprises in the future will have the following major trends:
First of all, more and more housing enterprises will focus on the standardization of product systems and promote the digital application of real estate. While strengthening the collaborative mechanism, we will further improve work efficiency and empower data-driven decision-making and production integration. Secondly, the change of customer demand accelerates the spatial innovation of residential units, and the customization and refinement of residential products will become a trend in the future. In the future, the continuous release of demand for diversification and improvement will force housing enterprises to accelerate the spatial innovation and refined development of product units. Third, in the pursuit of a better life, buyers’ measurement of living experience will gradually extend from the apartment type itself to the construction and operation of residential community space. The construction and operation of residential community space will also become one of the main selling points of future housing projects. Finally, with the increasing number of young buyers, the acceptance and recognition of intelligence will also be significantly improved. With the help of science and technology, smart homes and smart communities will be more used in projects, and the wave of product intelligence will continue.
Diversification: strategic convergence and focus, with real estate business as the axis extension.
In recent years, many large-scale housing enterprises have contracted diversified businesses and focused on the development of their main businesses through strategic adjustment. In the future, the overall diversification strategy of enterprises will become more cautious. On the one hand, it is difficult for some housing enterprises to find a suitable profit model for their diversified businesses, and the input-output efficiency is less than expected, thus dragging down the overall development of enterprises. Timely divestiture is a reasonable choice under the strategic contraction of housing enterprises. On the other hand, in the process of continuous exploration and trial and error of diversified business development, housing enterprises will pay more attention to tapping the potential of strong business, realize the effective allocation of resources, strengthen the focus and give play to their strong advantages. The diversified business of enterprises will still focus on the ecological business of real estate, with a clearer development direction and closer synergy with the main business of real estate.
Reporting/feedback

The exposure of the new Volkswagen Golf Real Car Map is equipped with a light mixing system.

A few days ago, the Tram House was informed of a set of pictures of the new Volkswagen Golf. It is reported that the new car will be listed in the near future. In terms of power, the car will be equipped with a light mixing system, so it will also have a good performance in fuel saving.

In terms of appearance, the new Volkswagen Golf has been fine-tuned, and decorative strips have been added to the front face, making the layering more full. In addition, the shape of the light group of the new car has been optimized, and the running light belt has effectively improved the exquisiteness of the vehicle.

The side body continues to be consistent with the current model. It is worth noting that the golf GTI model will add petal-shaped rims, and the recognition and fashion sense are improved compared with the current models.

In terms of interior, the new golf will be equipped with a larger central control screen, and a 12.9-inch or 15-inch OLED central control screen will be provided depending on the configuration. The size of the LCD instrument is still 10.25 inches, and the integration of vehicle information is more comprehensive.

In terms of power, the new golf regular version will be equipped with a 1.5T four-cylinder engine and a light mixing system, and the GTI model will be equipped with a 2.0T high-power engine.

Source: Tram House https://www.zhev.com.cn/news/show-1657894645.html

26 Spring Festival travel rush never missed the last Spring Festival travel rush of the old captain who only had a reunion dinner with his family once.

This year, Li Jing, the captain of Chongqing Airlines, welcomed his "last Spring Festival travel rush".
After flying for 42 years, he has accumulated 24,277 hours of safe flight and 10,568 ups and downs. A string of figures is full of his love for the blue sky.
He was awarded the third class in flight safety, and was also the teacher of Zhai Zhigang, the first person in China spacewalk … Behind these honors, there was a vacancy in the reunion dinner table on New Year’s Eve.
But in his eyes, it is worthwhile to watch more people go home safely.
"The First Man in China’s Space Walk" was his student.
Li Jing, a 59-year-old veteran pilot, has 42 years of flying experience, accumulated 24,277 hours of safe flight, 10,568 landings and 730 hours of simulator mission. This year is his last Spring Festival travel rush, and he will officially retire in May.
As a civil aviation official, Li Jing can be said to have witnessed the development of civil aviation in China.
He dreamed of flying since he was a child. In order to pursue his dream, he entered the No.2 Air Pre-school College at the age of 18, and then entered the No.2 Air Pre-school Flight Academy through layer-by-layer selection. At the age of 31, he went to the No.17 Aviation Division to teach six, five and six aircraft. Zhai Zhigang, the "first person to walk in space in China", was his student.
After the Air Force retired in 1993, she worked as a civil aviation pilot. In 2009, she joined Chongqing Airlines. During her flight career, Li Jing experienced various types of aircraft upgrades. During his service in the army, he flew over the sixth, fifth and sixth junior high schools. After he was discharged from the army and worked as a civil aviation pilot, he began to fly Yun -7, McDonnell Douglas MD-82 and now Airbus 320.
"At that time, flying was a very foreign thing, and there were only a few people who could afford to fly." Li Jingxiao said that the earliest Yun -7 had only 46 seats, and there were more than 100 seats in McDonnell Douglas MD-82, and there were not many passengers in Spring Festival travel rush. Now, with the economic development and the improvement of people’s living standards, flying has become a very common thing. Nowadays, there are more and more aircraft types, and the facilities and equipment on board are getting better and better.
Twenty-six Spring Festival travel rush only had a reunion dinner with their families once.
Li Jing’s wife and children are civil aviation people, so they usually spend less time together. In his memory, in 26 Spring Festival travel rush, he had a reunion dinner with his family only once on New Year’s Eve.
He is never absent from Spring Festival travel rush every year, and every flight experience is vivid in his mind.
He still remembers that when flying a flight from Dalian to Chengdu in 1998, a passenger suddenly fainted due to physical discomfort. After seeking medical treatment in the cabin, he decisively returned to Taiyuan for medical treatment, so that the passengers turned the corner.
In 2007, on the flight from Beijing to Chengdu, the plane just took off and encountered an unexpected situation. In the absence of instructions on descent and location, he relied on experience and manual operation to let 150 passengers return safely.
Because of her exquisite flying skills and serious and responsible work, Li Jing has successively performed many special flying tasks such as complex routes, military transportation and urgent charter flights.
"As a civil aviation person, it is common for us not to go home for the New Year, and we are used to it." Li Jing said it lightly, but it contained a love for the cause.
Meticulous work, flying for 42 years, zero mistakes
"Pass it on with your own strength and help each other with your own strength." As a flight instructor, Li Jing also perfectly explains what it means to be a teacher. Attend meetings and trainings on time, treat work strictly, and be realistic.
"I have been flying for 42 years without a mistake, which is very admirable." Jin Hongzhi, the captain who has been working with him for a long time, said that Captain Li Jing taught him what he had learned without reservation, which saved him a lot of detours in his study.
On February 3rd, Li Jing ushered in the first flying flight in Spring Festival travel rush this year, Chongqing-Hengyang-Fuzhou OQ2351. At 13:20 pm, the crew held a flight preparation meeting as usual, looked at the weather data, flight route and other information on the day of the flight, and made advance plans for possible problems during the flight before taking off.
Li Jing has held countless preparatory meetings like this over the years, but he still treats each meeting meticulously.
After the meeting, the crew members go to the physical examination room for physical examination, which is an essential link for each pilot before boarding the plane. By measuring blood pressure and alcohol content, they ensure that they are in the best mental state, and then everyone receives protective materials and goes to the airport for pre-flight preparation.
At the apron, Li Jing went around the plane to check the fuel tank, rotor, tail, engine air intake, landing gear and other parts. After finishing the engine room inspection, she waited for the passengers to board the plane and prepare for takeoff.
At 15:05, with the roar of the engine and the fading horizon, flight OQ2351 left the ground and rushed into the sky …
Although this is Li Jing’s last Spring Festival travel rush, he said that even if he retires, his love for aviation will never diminish.
Upstream News chongqing morning post Reporter Li Jing Photography Gan Xiayi
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Beauty of chongqing wants a high-profile response from the unspoken rule Zhang Yimou? (figure)


Yiyi posted photos on the Internet.



Yiyi posted photos on the Internet.



Yiyi posted photos on the Internet.



Yiyi posted photos on the Internet.


  Excerpts from Yiyi’s blog:


  First, the hidden rules


  If one day Zhang Yimou suddenly wants to hide me, I think I will go without saying anything! Maybe, I can go to Hollywood for decades. God ~ Give me a hidden rule when I have to, but only if you keep your word, I don’t want to be Yu Zhang!


  Second, the sex scandal


  Women can also use men to succeed in the upper position. For example, I took nude photos, but I don’t know where to send them. If John Woo says, call me to take Red Cliff 2. The premise is to send nude photos, I must send them! Is there a master planner who can teach me how to send it so that I can become popular?


  Third, selling privacy


  I really want to find someone to give me a lot of money, and then I’ll make myself beautiful! To be the first beauty in China, after all, I think I still have this foundation, and then the privacy is absolutely red!


  Fourth, the mouth is crazy.


  You can learn from Sister Furong’s madness, and you can learn from Lan Dong and mean girls’s nonsense, and your popularity will definitely rise. In fact, I also want to say that I want to find a boss to support me, give me money, give me a car, give me a house, I will give you health and give you happiness! Has anyone come to sign up? Finally, I just want to say that a good planner is the most important thing. I want to find a planner, and we will plan it well. Then I will go up and you will follow me. To succeed is to do whatever it takes, which has nothing to do with spiritual beauty!


  Follow-up blog:


  On June 1st, we will do what we want to do in this limited life, and those who leave regrets in life are stupid people. He’s a walking corpse.


  Today, June 12th, I found myself on the home page. I was surprised, hehe! I think this propaganda method is really good, and the click of blog has increased at once!


  On June 13th, we only try our best to achieve everything when we are young. The first person to eat grapes is the strong one, that is, the winner. If you lose, if you can’t eat grapes, you will always be a frog in the well.


  I was completely demonized by you on June 14th, so those bosses left me messages. Should I thank you? My mailbox is full of all kinds of adoption conditions. I don’t know if some of these people also scolded me on the blog and pretended to be good people to support me there.

Editor: Zhang Renhe

[Fujian Finance Empowers Tea Industry] "Tea Finance+Science and Technology Specialist" Promotes the Green Development of Tea Economy

  Cctv news The system of "Special Commissioner for Science and Technology" (hereinafter referred to as "Special Commissioner for Science and Technology") originated in Nanping, Fujian, aiming at assisting the development of advantageous industries and the construction of agricultural science and technology parks through the transformation of scientific and technological achievements, and helping rural revitalization. However, the problem that science and technology commissioners often encounter in the process of serving tea farmers and tea enterprises is the problem of funds.

  According to the introduction of the local financial supervision bureau of Fujian Province, the relevant financial institutions in Fujian have innovated the "tea industry finance+specialized" model, provided comprehensive financial services in the areas of "financing and intelligence, industrial support, knowledge popularization and ecological construction", and promoted the tea industry to become a dominant industry in Fujian together with the "Fucha. com" platform.

Lin Jie, president of Nanping Central Sub-branch of the People's Bank of China, went to tea enterprises for guidance and set up a "workstation for financial technology commissioners".

Lin Jie, president of Nanping Central Sub-branch of the People’s Bank of China, went to tea enterprises for guidance and set up a "workstation for financial technology commissioners".

  The Nanping Central Sub-branch of the People’s Bank of China strengthened the cooperation between government, banks and enterprises, and guided financial institutions to launch various models such as "tea finance+Kurt loan" and "technology+finance+tea industry" to organically integrate the policy of benefiting farmers with financial products. At the same time, it instructed financial institutions to set up a "workstation for financial science and technology commissioners", and provided support to 634 tea enterprises and farmers in industrial support and precise poverty alleviation.

  Bank of China Nanping Branch designed and launched the "Cote Loan" liquidity product, and Nanping Finance Bureau invested 2 million yuan to establish a credit enhancement fund pool as the government risk compensation for the credit enhancement fund loans of enterprises led, founded and served by Nanping Science and Technology Commissioner. When the credit enhancement project loans suffered losses, the loan losses were supplemented by 50% of the credit enhancement part. The bank also plays the role of precise drip irrigation of tea finance, promotes the coordinated development of tea industry, tea culture and tea technology, and makes tea economy a magic weapon for rural revitalization and a benchmark for green development.

The staff of Nanping Branch of Postal Savings Bank visited to understand the credit demand of customers. (Photo courtesy of the interviewee)

The staff of Nanping Branch of Postal Savings Bank visited to understand the credit demand of customers. (Photo courtesy of the interviewee)

  Nanping Branch of Postal Savings Bank signed a strategic cooperation agreement with Nanping Science and Technology Bureau, set up a service team of financial science and technology commissioners, and jointly launched the "Kurt Loan", which mainly provided credit financial support for enterprises founded, led or served by science and technology commissioners; Open up green approval channels and give preferential interest rates. With the guidance of the science and technology task force and the blessing of financial resources, the capital needs of tea enterprises for production, processing and technology upgrading have been effectively met.

Science and technology commissioners went to Zhenghe County tea enterprises to provide technical services. (Photo by Wang Feng)

Science and technology commissioners went to Zhenghe County tea enterprises to provide technical services. (Photo by Wang Feng)

  In Zhenghe County, Fujian Province, it was not easy to evaluate the value of local tea due to the variety of tea and the influence of tea production technology and tea producing area, which also made tea enterprises encounter difficulties in financing. Nowadays, through the combination of tea financial services and the special system, the problem of value evaluation that plagues local tea financial services has been effectively solved.

  With the assistance of the special workstation, the county broke the financing bottleneck of tea warehouse receipt pledge due to value evaluation, quality certification and other issues. At present, more than 8,000 boxes of white tea have entered the high-standard intelligent management, with a total value of more than 30 million yuan, and it is estimated that more than 18 million yuan can be raised. (Wei Ju)

"I saw Uncle Deng’s cooking." In 1972, I spent the New Year at Deng Xiaoping’s home.

     





    In 1972, I visited Deng Xiaoping in Nanchang, Jiangxi, and spent an unforgettable New Year at Deng Xiaoping’s home. Deng Xiaoping’s cooking skills, Zhuo Lin’s enthusiasm, and his friendship with Deng Lin’s brother and sister all remain fresh in my memory.


    Visiting relatives in Nanchang on New Year’s Day


    On the eve of New Year’s Day in 1972, my sisters Da Rong and Er Rong went to Nanchang from Linchuan County, Jiangxi Province to visit Uncle Deng Xiaoping. I remember that it was a cold winter. There was a layer of mist on the boundless Ganjiang River, and no ship was seen. The distant mountains were gray, and the vegetation along the river was withered and trembling in the cold wind. We came to the guest house of the provincial party Committee by the Ganjiang River, which is the designated meeting place.


    It is said that after Deng Bobo and his family came to Jiangxi, they lived in a small building of Nanchang Infantry School. There was no heating or hot water in the building. When they wanted to take a bath, the old man had to boil the bath water downstairs and carry it to the bathroom upstairs in buckets, which was inconvenient. Moreover, it was easy for the old man to catch a cold when taking a bath in winter. This problem dragged on for a long time. When Huang Zhizhen, a former veteran cadre of Jiangxi Provincial Party Committee, learned about it, he made arrangements for Deng Bobo’s family to take a hot bath in the provincial party committee guest house every weekend. When I came to the guest house, Uncle Deng Xiaoping’s family happened to take a bath here.


    In the living room on the second floor of the hostel, we first met Aunt Zhuo Lin, Deng Lin and Mao Mao, who had just taken a bath and were combing their hair. Uncle Deng asked them to wash first and then wash themselves. When I saw Aunt Zhuo Lin, my sister and I were filled with emotion and tears. Aunt Zhuo Lin and my mother Xiao Li were good friends during the Yan ‘an period, and they had a lot of contacts. Uncle Deng came out of the shower and was very happy to see us coming. Perhaps it was because he had just taken a shower and his face was flushed and radiant. He speaks Sichuan dialect, and we also speak Sichuan dialect, because we grew up in Chengdu and have a local accent. Visiting Uncle Deng has always been our wish. Our family has a good relationship with Uncle Deng’s family, and their children grew up together. First, we reported to Liu Junxiu, deputy director of Jiangxi Revolutionary Committee, who worked in the Jinsui Military Region with my father Li Jingquan during the War of Resistance against Japan period. Our wish was realized through the contact between Uncle Liu and Uncle Deng’s family.


    Uncle Deng asked about our work and life with concern. I told him that my sister and I came to Jiangxi in 1969 and settled down in my father’s hometown, Linchuan County, to work as farmers, relying entirely on earning work points to support ourselves. Speaking of which, my sister and I took out two fish brought from our hometown, which were caught by the villagers from our pond, and some eggs saved. I told Uncle Deng that these are all fruits of labor. Please accept them for the whole family to taste. Seeing that it was getting late, we were ready to leave. On hearing this, Uncle Deng immediately said, "Don’t go today, come to our house for a few days."


    Chinese New Year at Uncle Deng’s house? The Provincial Revolutionary Committee may not agree, and I am also afraid of bringing trouble to the Deng Bobo family. "I’m afraid of you. You are all little dolls. Tomorrow is the New Year. How can you go?" Uncle Deng said. Aunt Zhuo Lin also said, "You have come a long way, but you haven’t finished yet. Come home with us and spend the New Year together. Don’t worry, I’ll tell them that I can stay at home. "


More historical news:


Churchill’s favorite female spy: She died in love for her brilliant exploits.


Mrs Nixon broke into the bedroom of Soviet leader Brezhnev at night.


Nie Gannu, a contemporary "Zhou Botong" eccentric literati, abandoned his life in wild waves.


America’s "Top Ten Worst Jobs" models are among the dishwashers.


The ancient Japanese did not eat meat for 1200 years, and the emperor’s life expectancy was shorter than that of civilians.

On December 14th, the movie channel broadcast the wonderful kung fu film Eighteen Martial Arts.

Special feature of 1905 film networkIf you like watching action movies, you must know the four major action design teams in Hong Kong:
Chengjiaban, Hongjiaban, Liujiaban and Yuanjiaban.
In the glorious era of Shaw, movies were branded with the Kung Fu of Liu Bannan School under the leadership of Liu Jialiang.
Unlike other kung fu movies, which only focus on one kind of kung fu, you must not miss this movie for weapons fans.
At 14:40 today, the movie "Eighteen Martial Arts" will be broadcast for you by the movie channel, with the same title, which vividly depicts the "Eighteen Military Instruments" in the kung fu world for us.
Poster of Eighteen Martial Arts
The cast of Eighteen Martial Arts is luxurious.
Liu Jialiang, a martial artist who has multiple roles as director, actor, screenwriter and action director, plays a leading role in the film, bringing Liu Jiarong, Liu Jiahui, Kara Wai and other Liu Jiaban kung fu stars to show us the real kung fu from hard bridge to hard horse.
Like Liu Jialiang’s other films, Eighteen Martial Arts upholds his martial arts design of sticking to the authentic Shaolin Nanpai Kung Fu, paying attention to seeing the move and dismantling it, and practicing it with one move and one style.
Fighting in a narrow space is a test of skill.
The design of small spaces, such as fighting in the attic and fighting in narrow lanes, fighting space in mid-air and in the middle of the water is unparalleled.
Fang Shaoqing (Kara Wai) and Shi Shu (Liu Jiahui), Mao Shantan Lei Yong (Liu Jiarong) and the sorcerer’s altar iron monkey (Hou Yaozong) test each other. I know you are dark, and the duel with each other’s magical powers can be described as wonderful.
However, the biggest attraction of Eighteen Martial Arts is undoubtedly eighteen weapons.
As a descendant of Huang Feihong’s fourth-generation Hongquan, Liu Jialiang won his father’s biography since childhood. He loves Kung Fu and will study weapons, techniques and methods of actual combat in the rest of the time. It can be said that he is proficient in everything and has developed a martial arts foundation.
Liu Jialiang, who is a hundred schools of thought, is almost the only person who can show the essence of Chinese "Eighteen Martial Arts".
In the movie Eighteen Martial Arts, all kinds of martial arts weapons are basically included.
In a summary of the Hong Kong film database, 18 kinds of weapons used in Eighteen Martial Arts are listed: rope dart, Shuang Hu hook sword, double hammer, double axe, snake halberd, closed knife, double knife, straight knife, single knife, cherry blossom gun, three-section iron whip, double dagger, double crutches, monk shovel, scepter, trident, butterfly sword and three-section scepter.
Especially in the last ten minutes, the weapons war between Liu Jialiang and Liu Jiarong was the most wonderful.
First, there is the killing of Daguan Dao against Double Dao and Sakura Gun against Double Dao.
There will be a knife-to-sword short weapon confrontation.
The three-section whip with integrated attack and defense vs the flexible double dagger can be described as inseparable.
Crescent shovel’s situation is closely linked with each other, while the single-headed stick is both rigid and flexible, flexible and not sluggish, and it has been used repeatedly.
Especially in the end, the combination lineup of "three-stick broken rattan card+The Lancet" is even more exciting.
The pure kung fu duel that lasted for 10 minutes was never repeated, and the mutual interaction between weapons made people stunned.
"Develop martial arts and get rid of superstition."
This idea also runs through Liu Jialiang’s films and life.
As early as in Liu Jialiang’s debut, Magic Strike, he introduced the theme of illusion.
The "immortal possessed and invulnerable" claimed by Shenda altar is just a mysterious stunt, which has already lost to the Five-Shaped Boxing.
Yu Wang’s Five-Shaped Boxing shows the charm of the snake, the tiger’s overbearing ferocity, the crane’s lightness and agility, the leopard’s pursuit and the dragon’s wandering changes.
Seven years later, Liu Jialiang took the illusion theme again. In the film Eighteen Martial Arts, which tells the story of eunuch general manager Li Lianying instigating the Boxer Rebellion to beat the gods, Maoshan and warlock three altars and eliminate the traitor’s second helmsman, Leigong (Liu Jialiang), he still retained his idea that "all feudal superstitions are not credible in front of kung fu".
The golden bell jar of the sacred altar, the puppet technique of the Maoshan altar, and the pupil technique of the warlock altar …
Opening the altar, doing it, lowering the head and getting into the upper body are also true and false, which is quite fancy.
But these strange tricks are just deceptive gimmicks, and the real power is kung fu itself.
The film Eighteen Martial Arts is full of Liu Jialiang’s original intention of defending authentic martial arts and attacking crooked ways.
Liu Jialiang takes Kung Fu as the core, takes the real Kung Fu of hard bridge and hard horse as the call, and tells all about the knowledge and spirit of Kung Fu through eighteen weapons.
At 14:40 on December 14th, the movie channel will broadcast Eighteen Martial Arts for you. This movie, which can be called a textbook of cold weapons, will reveal the meaning of Eighteen Martial Arts for you.
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2024 "China

On December 18th, 2024, the theme logo design competition of "China-ASEAN Year of Humanities Exchange" was launched in Changzhi City. Vice Governor Tang Zhiping, Assistant Foreign Minister Nong Rong and Indonesian Ambassador to China Zhou Haoli attended the launching ceremony and delivered speeches. Brunei Ambassador to China Rahmani, Myanmar Ambassador to China Wu Ding Maorui, Laos Ambassador to China Song Peng, Thai Embassy Chargé d ‘affaires Benjamin and other ASEAN diplomatic envoys in China and ASEAN students in Shanxi attended the event. The launching ceremony was presided over by Shi Zhongjun, Secretary General of China-ASEAN Center.
2024 is "China-ASEAN People-to-People Exchange Year". As an important part of the People-to-People Exchange Year, the theme logo design competition was hosted by the Ministry of Foreign Affairs, the Chinese People’s Association for Friendship with Foreign Countries and the China-ASEAN Center, and was undertaken by the Changzhi Municipal Party Committee and the Municipal Government, aiming at enhancing the people-to-people exchange and friendship between China and ASEAN countries and expanding the appeal, popularity and influence of the People-to-People Exchange Year. Taking advantage of this activity, Changzhi City simultaneously held a series of activities, such as the exhibition of intangible cultural heritage+cultural creation, the exhibition of the first cultural creation competition, and the cultural and creative industry cooperation and exchange meeting, to publicize and promote Changzhi in an all-round and multi-angle way, to help people communicate and promote economic and trade exchanges.
On December 17th, Tang Zhiping met with Chinese and foreign guests attending the launching ceremony of the theme logo design competition of 2024 "China-ASEAN Year of Humanities Exchange" in Changzhi. (Li Jiaming)
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"I" can get the first place in the exam but I don’t like studying. Why?

  [Dialogue]

  Nowadays, parents are anxious when it comes to their children’s study. They generally feel that their children don’t like to study and do their homework, which often leads to "war at home" because of urging their children to study, especially the parents of some students with good academic performance, which also reflects that their children don’t like to study. Why? An Fuhai, a professor at the Teacher Development Research Center of Hangzhou Normal University, interviewed students in some schools in view of this phenomenon, hoping that the conclusions will enlighten our current educational predicament.

1. "I love learning, and learning makes my mother happy!" The disharmony behind it

  Reporter: Generally speaking, people think that children who don’t like learning are children with poor academic performance and bad study habits. But now many excellent primary and middle school students, even the first students in many classes, don’t like studying. Why is this?

  An Fuhai: At the end of 2019, a class of junior high school students in a middle school sports meeting in Shenzhen typed "I love learning, and learning makes my mother happy!" The banner, once circulated, has gained a lot of resonance. Many primary and middle school students shouted "What a talent! Say ‘ Working people ’ The voice of ". The implication is that they don’t like learning either. The banner and the shouts of the adherents made the adults laugh, but the laughter was full of sadness. It was also during that time that the Organization for Economic Cooperation and Development (OECD) announced the test results of programme for international student assessment 2018 PISA2018. In the sampling test of 15-year-old students in 79 participating countries (regions), we achieved excellent results in three subjects (reading, mathematics and science). However, different from the "Celebration" after the announcement of our first prize in 2009 and 2012, the education sector began to rationally reflect on the problems exposed by the PISA test, including education balance, shortage of teachers, study time and teaching methods. In my opinion, we should also think deeply about the relationship between our students’ learning status and academic performance. Because the current situation of students’ learning tells us that there is a disharmony between their learning status and academic performance, that is, they have good academic performance but do not like learning.

  Reporter: Common sense tells us that you can get good grades only if you like to study.

  An Fuhai:After all, the results are obtained by the students themselves, so it is necessary to listen to the voices of the parties. With this "common sense", I randomly interviewed 60 students from three middle schools who participated in the 2018 PISA test. "Do you like studying? Will learning make you feel happy? " When hearing this question, most students just laughed and didn’t answer. The students’ answers mainly focus on these aspects: "Hehe, it’s ok"; "Like, not to mention, it should be said to be liked"; "Not very much"; "Study, homework, I immediately feel worse when I hear these two words"; "There are people who like to learn? Crazy, it must be crazy. " The number of students who answered "not bad" in each school is very small.

  In fact, the data that students’ learning satisfaction in four provinces and cities in China ranks 61st among the participating countries (regions) has fully explained that good grades do not necessarily love learning. In addition, the PISA2018 test results also show that the learning efficiency of students in reading, mathematics and science in four provinces and cities in China and their sense of belonging to the school are also relatively low in the participating countries (regions). In other words, students not only dislike learning, but also have no sense of belonging to the school. In fact, this conclusion doesn’t need PISA test to tell us at all. Just walk into a school to observe a few classes or interview some students and teachers to get a similar understanding.

2. Every time except sleeping and eating time is filled with study.

  Reporter: I don’t like learning, and my learning efficiency is relatively low. Why can I get the "first" grade?

  An Fuhai:Prolonging study time is our magic weapon to win. Although the PISA2018 test results show that the average classroom study time of students in four provinces and cities in China ranks fourth among the participating countries (regions). However, the statistics here are only the study time arranged by the school, and the students’ extracurricular independent study time is not included. As we all know, Chinese students, especially those in big cities, spend an amazing amount of extra-curricular study time. It is learned from these three schools that most students spend about 3 hours a day after class in a week, with a total of 15 hours in five days; The study time for two days on weekends is about 8 hours. In this way, the total study time of Chinese students per week will definitely be far ahead among the 79 participating countries (regions). The PISA test results in 2012 also showed this problem. The Shanghai team represented the mainland of China in the total score of mathematics, reading and science, but it also won another first place, that is, the study time is the longest, with 13.8 hours per week, which is about 20 hours together with extracurricular tutoring, while the average of OECD countries is 7.8 hours.

  If you think this statistic is not convincing enough, let’s take a look at the situation that parents attach importance to their children’s education. Most parents in China attach importance to education, and the most prominent performance is to enroll their children in various remedial classes from kindergarten. Statistics show that in 2019, families in Hangzhou spent 20,000-40,000 yuan on children’s extracurricular tutoring every year, and it rose to 30,000-50,000 yuan in 2020. Almost every family gives tutoring to their children, ranging from three to five or six. Parents’ high investment in education is enough for students to fill up their studies at every time except insufficient sleep time and hot meal time.

  Reporter: Yes, primary and secondary school students are not getting enough sleep, and the myopia rate and obesity rate are increasing. People from all walks of life have been calling for these problems in recent years, but they have not been improved.

  An Fuhai:Although several PISA tests have made China students’ excellent achievements proud, there are huge time costs, physical overdrafts and heavy costs for students to lose interest in learning. According to the survey in 2020, the average myopia rate of primary school students in China is about 36%, that of junior high school students is 71.6%, and that of senior high school students is 81%. The key point is that high myopia above 600 degrees accounts for 28% of the 81% myopia of senior high school students. In addition, the number of students suffering from depression in many key middle schools is increasing, and the number of students who commit suicide or have thought about suicide is also increasing year by year. Whether it is for families, individuals or the whole country, such a fact is too cruel, and such a price is unbearable for us.

3. I hate school and study, even if I get into a prestigious school, it is difficult to create outstanding achievements.

  Reporter: Primary and middle school students get up the earliest, go to bed the latest, and work hard to get good grades, but in the end they don’t like learning. This phenomenon is really worrying. But maybe many parents don’t think so. In their view, as long as children get the first place in the exam, they can go to a good university and have a good job, so all the physical and mental efforts seem to be worth it.

  An Fuhai:The good expectation of "Jackie Chan becomes a phoenix", the learning goal of "score first" and the learning process of repeated training make students hate learning, school and even knowledge, which seems nothing to some parents. However, we should deeply realize that a considerable number of seemingly excellent students are forced to study under various external pressures. Once the pressure is lifted, they will inevitably evade learning. What will be the future of those students who evade learning? This is not a disease-free groan and melodramatic sadness, but a problem that deserves our deep thought more than paying attention to score ranking. If a student hates school and doesn’t like studying, even if he can be admitted to a prestigious school in the future, it will be difficult to create outstanding achievements. Because he has no enthusiasm for learning and can’t experience the happiness of learning, it is impossible to devote more time and energy to studying what he has learned. We have learned a lesson in this respect. China began to participate in international Olympic mathematics competitions around 1985, including physics competitions, biology competitions and computer competitions. There are many winners every year, from 1985 to now for more than 30 years. Many foreign child prodigies who competed on the same stage as China’s child prodigies have become everyone in all fields, but we seldom contribute to the world. Take Tao Zhexuan, an Australian-born Chinese mathematician and winner of the Fields Medal for Mathematics, as an example. He was less than 13 years old when he won the Olympic gold medal in 1988. At that time, many students in China also won Olympic medals.However, few people have made such outstanding achievements as Tao Zhexuan, and most of them have been far away from mathematics.

  Reporter: How important is it for the growth of students to love learning and be full of interest and enthusiasm for learning?

  An Fuhai:The Fifth Plenary Session of the 19th CPC Central Committee proposed to improve the national innovation system and accelerate the construction of a powerful country through science and technology during the 14th Five-Year Plan period. It can be said that to achieve such a great goal, we need to cultivate innovative talents through education. Active interest in learning and pleasant learning experience are the internal motivation of learning, the foundation of healthy personality and the necessity of innovative talents. Interest is the best teacher. Once a person has a strong interest in something, he will take the initiative to seek knowledge, explore and practice. The positive emotion and pleasant experience generated in the process of seeking knowledge, exploration and practice will further promote new seeking knowledge, exploration and practice, which will lead learners to a happy road of learning and exploration. Therefore, parents should let go of their anxiety and leave more free time and space for their children to fully develop their interests, so that they can love learning and grow up healthily with happy emotions and positive experiences. Schools should pay less attention to some problem-solving skills and high-scoring cheats, and pay more attention to the laws of students’ physical and mental development and the mechanism of learning. Starting from students’ interest in learning, they should awaken students’ intrinsic learning motivation and lofty pursuit of life, so that they can actively explore the unknown world with happy learning emotions and happy learning experiences.