Talking about New Economic Opportunities in China | Injecting valuable increment and innovation vitality into the world economy.

  Xinhua News Agency, Beijing, March 30thTitle: Inject valuable increment and innovation vitality into the world economy continuously.

  Xinhua news agency reporter

  Editor’s Note: Under the background of weak world economic recovery, China’s economy has attracted worldwide attention for its remarkable development resilience and certainty. Xinhua News Agency will open a column entitled "Talking about New Economic Opportunities in China" from now on, inviting people from political circles, business circles and academic circles from all over the world to talk about new economic opportunities in China, discuss new economic vitality in China, and tell a new win-win story between China and foreign countries, so as to present the vigorous vitality and bright prospects of China’s economy from a global perspective and multiple perspectives.

  Recently, the 2023 Annual Meeting of China Development Forum and the 2023 Annual Meeting of Boao Forum for Asia were held in Beijing and Hainan. At a time when the world economy is struggling to recover, the bright future of China’s economy has attracted much attention and expectation from all walks of life.

  Many overseas guests and executives of multinational companies in China said that from a global perspective, China’s economic development this year has shown remarkable resilience and certainty, which has continuously injected valuable incremental and innovative vitality into the world economy and constantly created new opportunities for win-win cooperation between China and foreign countries.

  Development prospect: effectively hedging global instability

  Since the beginning of this year, international organizations have intensively raised China’s economic growth expectations, among which the International Monetary Fund (IMF) predicts that China’s economy will grow by 5.2% this year.

  IMF Managing Director Georgieva, who attended the 2023 annual meeting of Boao Forum for Asia, said on the 29th that China’s economic development momentum is good, and its contribution rate to world economic growth is expected to exceed one third this year, which will provide important opportunities for other countries.

  According to the latest research report of Citigroup, under the recent banking crisis in Europe and America, China will be more distinctive due to the accelerated economic growth, which may become a "major hedging factor" conducive to global economic growth and highlight its role as a "safe haven".

  "Anchor of stability!" Kang Yong, chief economist of KPMG China, an internationally renowned accounting firm, described the role of China’s economy in global challenges. He told reporters that during the COVID-19 epidemic raging around the world, China withstood the pressure and effectively guaranteed the stability of the global industrial chain supply chain. This year, China’s strong economic growth will be very commendable and contribute greatly to the stable recovery of the world economy.

  Gu Yushao, global senior vice president of Medtronic, a fortune 500 company headquartered in the United States, said that China has continuously improved its business environment in recent years, and enterprises are full of confidence in China’s economic development prospects. In the new year, the international community expects China to continue to play an important role in the global industrial chain supply chain and inject more vitality into economic globalization.

  Market vitality: sharing new development opportunities with the world

  In recent years, China has made great efforts to promote high-quality development, expand high-level opening to the outside world, and constantly release innovation vitality and opening dividends, which has been praised by overseas people, especially investors from all over the world.

  "I am willing to continue to develop in China and make progress with China." Kang Linsong, Chairman of the Board of Directors of German Mercedes-Benz Group Co., Ltd., said in an exclusive interview with Xinhua News Agency that China has the largest automobile market in the world, and the pace of innovation is very fast. Consumers have shown high acceptance of technological innovation, which is one of the markets that truly test the frontier advantages of the automobile industry.

  At present, Mercedes-Benz has set up R&D centers in Beijing and Shanghai, and has the most comprehensive R&D network in the innovation field outside the German headquarters in China. Kang Linsong believes that China’s opening-up strategy has released market vitality and helped market participants to flourish in China. R&D and innovation in China are very important for multinational enterprises.

  According to Fabry, President of L ‘Oré al North Asia and CEO of China, China is not only an important engine for business growth, but also a driving force for open innovation.

  Today, China has become one of L ‘Oré al’s most important markets in the world. Last year, the global cosmetics giant also announced the establishment of its first investment company in China, aiming to explore potential innovative enterprises with more China partners, foster forward-looking innovations and promote their commercialization.

  Carl Fei, a strategy professor at BI Norwegian Business School, told reporters at the annual meeting of Boao Forum for Asia that China has a huge market and is open to new things, and the application of new technologies in China is very fast.

  He believes that the achievements made by China in the field of science and technology in the past decade are amazing, showing the great potential of China. In recent years, China has continuously promoted the construction of a green "Belt and Road" and helped many developing countries in the fields of light rail transportation and green energy.

  Win-win vision: a new chapter of multi-field collaborative development spectrum

  This year marks the tenth anniversary of the "One Belt, One Road" initiative. In the past ten years, the international influence and coverage of China’s programs represented by the "Belt and Road Initiative" have been expanding, which has made the concept of coordinated development and win-win cooperation more deeply rooted in the hearts of the people.

  Bei Zhemin, managing partner of Oliver Wyman Consulting, is the author of The New Silk Road: How the Arab World Rediscovers China. He told reporters at the 2023 annual meeting of Boao Forum for Asia on the 29th that many countries in the Middle East are willing to cooperate with China in the fields of digital economy and clean energy.

  Bei Zhemin said that the joint construction of the "Belt and Road" has effectively promoted multilateral cooperation and promoted the coordinated development of Asia and regions along the route. Especially in Southeast Asia, the joint construction of the "Belt and Road" has brought a large number of industrial parks, ports and other facilities, which has strongly supported the development of global manufacturing.

  Hu Yishan, chief consultant of Malaysian Pacific Studies Center who has participated in Boao Forum for Asia for many years, said that China attaches importance to multilateralism and fair economic cooperation, especially through the Belt and Road Initiative, which has established a solid foundation for cooperation and effectively promoted regional development. At the same time, the practice and experience of high-quality economic development in China are also worth learning from many countries.

  Rehnert Bekotur Wolfe, President of Astana International Financial Center, said that China has made great achievements in economic development in the past few decades, showing the world a successful development story. Nowadays, under the guidance of high-quality "One Belt, One Road", new projects and new investments have landed in Kazakhstan and other countries, which continue to help improve local economic development and people’s living standards. (Participating reporters: Fu Yunwei, Xu Chao, Su Liang, Shan Yiyi, Wang Pingping, He Lili, Wang Xiangjiang, Liu Yanan, Mao Pengfei, Wang Yi, Liu Fang, Chen Yushan)

Multiple positive signals frequently appear, and real estate policies are accelerated to adjust and optimize.

  Recently, the central and local governments at all levels have voiced their voices one after another, adjusted and optimized real estate policies in a timely manner, and made good use of the policy toolbox to better meet the rigid and improved housing needs of residents.

  A few days ago, Zhengzhou issued the "Notice on Further Promoting the Stable and Healthy Development of the Real Estate Market in Our City", proposing 15 optimization policies, such as canceling the sales restriction and implementing "recognizing the house but not the loan".

  The insiders believe that stabilizing the construction industry and the real estate industry plays an important role in promoting the economic recovery. Previously, some adjustment policies proposed by the Ministry of Housing and Urban-Rural Development and the People’s Bank of China will accelerate, and the real estate market is expected to usher in a steady development trend.

  On August 4th, the National Development and Reform Commission and other four departments held a press conference with the theme of "laying a good combination of macro policies and promoting high-quality economic development". Yuan Da, Deputy Secretary-General of the National Development and Reform Commission and Director of the Comprehensive Department, said that policies and measures such as promoting the renovation of urban villages in mega-cities and the construction of "flat and emergency dual-use" public infrastructure, and orderly expanding the issuance scale of real estate investment trusts (REITs) in the infrastructure sector have been introduced and implemented one after another, and other policies are also being pushed forward, providing strong policy support for sustained economic recovery.

  "Strengthen policy reserves in better meeting the rigid and improved housing needs of residents and actively expanding effective investment, and continuously release the potential of ultra-large-scale market." Yuan Da said.

  Zou Lan, director of the Monetary Policy Department of the People’s Bank of China, said that he would continue to support the smooth operation of the real estate market, and reiterated that he would continue to implement the loan support plan for Baojiaolou until the end of May 2024, and steadily push forward the rental housing loan support plan in pilot cities. At the same time, guide banks to adjust the interest rate of existing individual housing loans in an orderly manner according to law.

  It is worth mentioning that this is not the first time that the People’s Bank of China has proposed to adjust the "stock mortgage interest rate". On July 14th, at the press conference of financial statistics for the first half of 2023 held by the State Council Office, Zou Lan said that the interest rate of existing mortgage loans issued in previous years in China was still at a relatively high level. "Next, in accordance with the principles of marketization and rule of law, the People’s Bank of China supports and encourages commercial banks and borrowers to negotiate independently to change the contractual agreement, or to issue new loans to replace the original stock loans."

  Subsequently, on August 1st, the People’s Bank of China and the State Administration of Foreign Exchange also explicitly proposed in the working meeting in the second half of 2023 that the differentiated housing credit policy should be accurately implemented due to the city’s policy, and the interest rate and down payment ratio of individual housing loans should continue to decline to better meet the rigid and improved housing needs of residents. Guide commercial banks to adjust the interest rate of existing individual housing loans in an orderly manner according to law.

  Zhang Bo, president of 58 Anjuke Research Institute, said that at present, the downward direction of the interest rate of existing individual housing loans has been made clear, which is an important measure to reduce the demand-side cost of buying houses. On the one hand, adjusting the interest rate of stock mortgage can reduce the economic burden of the people who have bought houses, and play a certain role in promoting their living expenses. On the other hand, it can also reduce the phenomenon of early repayment of loans, which is conducive to the stability of high-quality mortgage assets of banks.

  In fact, in addition to the frequent statements of the financial sector, the housing and construction sector has also made a clear statement. Ni Hong, Minister of Housing and Urban-Rural Development, pointed out at a recent enterprise symposium that it is necessary to continue to consolidate the trend of stabilization and recovery of the real estate market, vigorously support the demand for rigid and improved housing, and further implement policies and measures such as reducing the down payment ratio and loan interest rate for the first home purchase, reducing taxes and fees for the purchase of improved housing, and "recognizing housing without repaying loans" for individual housing loans.

  Among these policies, the policy of "recognizing the house without recognizing the loan" has received great attention. Li Yujia, chief researcher of the Housing Policy Research Center of the Guangdong Provincial Urban Planning Institute, said that "there is no need to recognize a house" means that when determining the loan ratio, commercial banks do not look at the previous loan records, but only determine whether there is a house under the family name. This means that the "sell one, buy one" improved home buyers will enjoy the treatment of the first home purchase.

  Policies such as "recognizing the house without recognizing the loan" are expected to usher in more breakthroughs in the second half of the year. On August 3, Zhengzhou announced the implementation of the policy of "recognizing houses but not loans", which is considered to have a strong demonstration significance. First-tier cities such as North, Shanghai, Guangzhou and Shenzhen have also indicated that they will pay close attention to the implementation work in conjunction with relevant departments in light of the actual situation of the local real estate market, vigorously support and better meet the rigid and improved housing needs of residents, and promote the stable and healthy development of the real estate market.

The latest trailer of Lantu’s bosom friend is released, and the core technology leads the new trend of pure electricity

The latest trailer picture of Lantu’s bosom friend is released

To warm up Lantu’s new global model, an all-electric SUV, which is capturing the market’s attention, the company released four posters highlighting the word "no", which successfully aroused consumer curiosity and hinted that the car had a deep insight into user requests.

Lantu’s confidant promises "no false label, true battery life", equipped with a 109kWh battery pack, achieving a 901-kilometer cruising range, which is at the industry’s leading level, and its true battery life performance is expected.

At the technical level, Lantu’s confidant abandoned the practice of simply pursuing traffic, and instead emphasized "not comparing traffic, comparing technology". It is equipped with the current most efficient 800V high-efficiency electric drive system, with an electric drive efficiency of up to 92.5%. Combined with a new generation of high-density amber batteries, it ensures the coexistence of high efficiency and high energy, enhancing the user’s battery life experience.

In terms of safety, Landscape’s confidant adopts a 2000MPa high-strength body structure, passes the five-star safety certification, and combines the comprehensive protection measures of amber batteries, making safety performance a major highlight.

In the face of the "price war" in the market, Lantu’s confidant proposed "not the price, but the value", indicating that it will attract consumers with value beyond the price. It is expected to pay more attention to product quality and practicality while ensuring cost performance.

As the second new car of the Lantu brand recently, Lantu Zhiyin complements the recently released Lantu FREE 318, which focuses on long-range extended-range models and jointly improves Lantu’s product lineup. Lantu Zhiyin is positioned in the household consumer market, and only provides pure electric versions. It is planned to be produced at the Dongfeng Yunfeng factory, aiming to help Lantu achieve its annual sales target.

All in all, Lantu’s bosom friend is not only the key layout of the brand in the field of pure electric SUV, but also a confident demonstration of core technology and product value. With excellent battery life, top technology, strict safety standards and adherence to value, Lantu’s bosom friend has the potential to win the favor of young family consumers. The latest trailer of Lantu’s bosom friend is released!