Cctv newsAccording to the news of National Health Commission website on September 21st, the Health China Action Promotion Office, the General Office of the National Health and Wellness Commission and the Office of the State Administration of Traditional Chinese Medicine issued the Implementation Plan for the Special Activities of Health Promotion of Traditional Chinese Medicine in Healthy China Action, which proposed to carry out the activities of health promotion of traditional Chinese medicine for women and children. Give play to the important role of Chinese medicine in prenatal and postnatal care, maternal and child health care and children’s growth and development. Clinics for prenatal and postnatal care are widely set up in Chinese medicine hospitals above the second level (including hospitals of integrated traditional Chinese and western medicine and minority medical hospitals, the same below). In maternal and child health care institutions to carry out Chinese medicine services, by 2025, the proportion of tertiary and secondary maternal and child health care hospitals to carry out Chinese medicine specialist services will reach 90% and 70%. Encourage qualified medical and health institutions to standardize the development of pediatric massage and support medical staff to participate in pediatric massage training. Increase the popularity of children’s massage health knowledge, let parents know the indications and precautions of children’s massage, and teach and promote methods such as chiropractic and Zusanli, which are easy for parents to operate. Strengthen the health management of children’s traditional Chinese medicine in basic public health services. By 2025, the health management rate of children’s traditional Chinese medicine will reach 85%.

　　The company’s problem is not just about money, but the major shareholders need to go public and realize it.

　　The lawn mower is a strange thing to Fengyunjun, who is wandering around the world. Generally, it is only seen in the homes of Europeans and Americans who live in big house in movies.

　　However, the main producer of lawn mowers in the world is China. Head companies in the lawn mower industry, such as Chuangke Industry (00669.HK) and Quanfeng Holdings (02285.HK) Fengyunjun, have all introduced them and given good comments.

　　Recently, () (301260.SZ) Growth Enterprise Market held a meeting and will soon land in the capital market.

　　The company is called "the first share of new energy garden machinery" by many media-the estimated amount of funds raised by the company is as high as 3.456 billion, which is one of the larger IPOs since last year.

　　Is it really capable, or is it just a hollow reputation?

　　Fengyunjun reveals the secrets that listed companies don’t want you to know.

　　On the eve of IPO, it was "two choices" by downstream channel providers, and the expression in the prospectus was contradictory.

　　Lawn mower, or more broadly outdoor power tool (OPE), is a typical foreign trade manufacturing industry in China: most of the global demand is in North America, and a small part is in Europe.

　　After a long period of development, the terminal channels are basically monopolized by large local companies.

　　Take the North American market as an example. Home Depot (HD.N) is the largest distributor of outdoor power tools in North America. Together with Lowe’s (LOW.N) ranked second and Amazon (AMZN.O) ranked third, the top three distributors together account for 73% of the OPE market in North America in 2021.

　　Although Greebo has a small scale in the North American market, there is no way to face the downstream strength.

　　(North American market share from July 1, 2019 to June 30, 2020)

　　In 2021, the revenue from Lloyd’s, the largest customer, decreased by 43%, including Gree Bo’s own brand and OEM brand. The company explained that "due to the deepening cooperation between competitor Quanfeng Holdings and Lloyd’s, the cooperation between the company and Lloyd’s has been adversely adjusted".

　　In fact, it is "two choices."

　　Many people may know that Alibaba (09988.HK)’ s "choose one from the other" is actually a common phenomenon in supermarkets in Europe and America, with the aim of avoiding competition among channels and obtaining monopoly profits.

　　According to the voltage, Greebo’s products are divided into 40V, 60V, 80V and other series. In this "one of two choices", Lloyd’s selected Quanfeng’s 56V EGO brand products, and Gree Bo’s 60V own brand products stopped selling at Lloyd’s.

　　Kobalt, the 40V Shangchao brand product originally manufactured by Gree Bo, was also produced by Quanfeng Holdings, while 80V branded products continued to be produced by Gree Bo due to the lack of corresponding product lines in Quanfeng, but were only sold online instead.

　　I don’t know if it is to cover up the embarrassment of being abandoned by customers, but the company then said that the way of cooperation with Lloyd’s "will not have a significant adverse impact on the development of its own brand, nor will it restrict the sales of its own brand or reduce procurement".

　　Fengyunjun can’t figure out who has a problem with reading comprehension in an instant.

　　Supposedly, the cooperation with Lloyd’s has gone wrong, so just switch to other channels.

　　Sorry, it’s not that simple.

　　Home Depot, the number one distributor, mainly cooperates with Chuangke Industry. Chuangke Industry is the largest manufacturing enterprise in this field, and its Milwaukee and Ryobi are the first professional and DIY tool brands in the world respectively.

　　In the second half of 2020, Greebo began to cooperate with The Home Depot, and its products were mainly its own brand 60V lawn mower. However, in the second half of 2021, the company stopped its direct business with The Home Depot, and chose to work for other American suppliers of The Home Depot (such as Toro and Echo).

　　Did The Home Depot choose between Chuangke Industry and Gree Bo? Or did Chuangke Industrial use its dominant position to suppress Gree Bo? Fengyunjun is not clear.

　　However, there is no doubt that Toro is an American company, and in this process, Gribo was eaten by Toro.

　　In desperation, Greebo’s living space was gradually squeezed into an e-commerce company like Amazon and a comprehensive supermarket like COST.O, which were the company’s first and second largest customers in the first half of last year.

　　Although Amazon is large in scale, on the whole, offline channels still dominate the global OPE market, with offline channels accounting for 91% in 2020.

　　(Prospectus of Quanfeng Holdings)

　　In the cooperation with Amazon, Greebo also doesn’t have much pricing power. The company said that the current cooperation mode with Amazon is mainly B2B, that is, the products are sold after being bought out by Amazon.

　　At present, Lloyd’s has fallen to the third largest customer of the company, and the company expects that the income to Lloyd’s will be further reduced in the future.

　　Toro, the fourth largest customer, is a foundry customer.

　　Then there are some unknown small fish and shrimp. TSC, the fifth largest customer, and Harbor Freight Tools, the sixth largest customer, are both chain stores of American tools, ranking 36th and 82nd among American retailers respectively in 2021.

　　The top five customers contributed 63.2% of the revenue.

　　If you miss the opportunity in the growth track, you will not increase your income.

　　The outdoor power equipment market is closely related to the real estate industry, which has grown steadily for a long time. In recent years, a major opportunity is the transformation to new energy, and the proportion of lithium-ion tools has increased rapidly.

　　However, it seems that Greebo did not seize this opportunity.

　　In 2021, Greebo’s revenue reached 5 billion yuan, and the CAGR of 2018-2021 was 17.2%, far less than the 58.3% of competitor Quanfeng Holdings’ outdoor power equipment. Quanfeng Holdings is the first OPE company to transform into lithium battery, and its scale has surpassed that of Gree Bo.

　　Chuangke Industry, the industry leader, did not distinguish between power tools and outdoor power equipment. Together, they contributed 76.02 billion revenue in 2021, and the CAGR in 2017-2021 was 22.8%.

　　(Chuangke Industry has a wealth of power tools products, source: Chuangke Industry Annual Report 2021)

　　The revenue of () (300879. SZ) with both fuel and lithium-ion mowers in 2021 was 1.61 billion yuan, and CAGR was 21.1% in the last five years.

　　() (002444.sz) Only in 2021 did we vigorously develop power tools such as vacuum cleaners and power nail guns, and achieved revenue of 1.02 billion yuan in that year.

　　The main sales areas of the above-mentioned companies are Europe and America, which can be said to be competitors. However, in the case of having a strong enemy before and a pursuer after, Gree Bo was overtaken by the spring peak of the same magnitude, and his performance can only be said to be average.

　　At present, in the process of transforming outdoor power equipment into lithium battery, none of the upstream manufacturers has real technical barriers. It is most important to seize the time to seize the market and establish a brand.

　　The gross profit margin of Chuangke Industry, which has a huge scale advantage, has steadily increased year by year, while the gross profit margin of other companies has declined in the "involution" in the past two years. Last year, Greebo’s gross profit margin was 27.5%, down 7.6 percentage points year-on-year, lagging behind Quanfeng Holdings’ outdoor power equipment of 29.8% and ahead of Daye and Giant Star Technology.

　　For Gree Bo, the main reason for the decline in profitability is the sharp drop in the gross profit margin of supermarkets, and the premium of small supermarkets is really not good.

　　At present, the company’s e-commerce channel has the highest gross profit margin, and the OEM gross profit margin is low but stable.

　　In 2021, the company’s non-net profit margin was only 4.7%, and the non-net profit margin was 240 million, down 42% year-on-year.

　　The company expects revenue of 4.15-4.25 billion yuan in the first three quarters of last year, up by 11.42%-14.11% year-on-year, and net profit of 200-210 million yuan, down by 11.49%-7.07% year-on-year.

　　The obvious increase in income does not increase profits.

　　Under the trade stick of the United States, China’s manufacturing industry should be self-reliant

　　Although there are so many negatives, Fengyunjun believes that the company itself cannot be simply blamed for the problem.

　　Problems such as "involution" and "alternative" are actually the comprehensive embodiment of demand-side pressure and American trade protectionism.

　　At present, it seems that the global economic slowdown is inevitable; Moreover, in order to deal with the tariff problem, companies need to pay extra costs.

　　Griebo said that in response to the tariff increase in the United States, the company chose to negotiate with customers to share tariffs and set up a manufacturing center in Vietnam.

　　In 2020, the company’s sales to STIHL, the fifth largest customer, declined, also because STIHL transferred some products to American factories for production, reducing the purchasing scale of ODM.

　　Coincidentally, Chuangke Industry, the first in the industry, also chose to build a new production facility for cordless lawn mowers in the United States.

　　(Source: Chuangke Industrial 2021 Financial Briefing)

　　Quanfeng Holdings, the second largest company in the industry, set up Quanfeng Vietnam in 2020 to produce locally to avoid some tariffs.

　　In addition, Chuangke Industrial and Quanfeng Holdings both expand their brands through acquisitions and form a brand matrix to balance the influence of downstream channels.

　　For example, the Milwaukee brand under Chuangke Industrial can be traced back to 1924 and was acquired by Chuangke Industrial in 2005.

　　In addition to its own brand EGO, Quanfeng Holdings also acquired German brand FLEX and American brand SKIL, and there are currently five different brands. FLEX brand was founded in 1922 and acquired by Quanfeng in 2013.

　　(Source: Quanfeng Holdings Prospectus)

　　In 2017, Greebo acquired a 70% stake in Cramer, a European garden machinery company, for 5.6 million euros, but it was sold for 1 million euros in 2020 because the operation and synergy failed to meet expectations.

　　At present, the company insists on selling with its own brand greenworks, and the proportion of its own brand is rising, reaching 65.5% in the first half of last year.

　　In addition, the company’s sales on the official website platform are also increasing year by year, accounting for 4.70% in the first half of last year.

　　Cash flow deteriorates, and major shareholders need to go public to realize it.

　　Founded in 2002, Greebo introduced external investor STIHL in 2016 and changed into a joint-stock company in 2020.

　　STIHL is a German garden machinery manufacturer and a customer of the company.

　　At present, the actual controller of the company is Chen Yin, co-founder and chairman, who holds 75.1% of the shares and STIHL holds 24.9% of the shares through direct and indirect means. It is rare that there are no external institutional investors.

　　Among the four executive directors, except Chen Yin, all are from financial background.

　　In this IPO, the company plans to raise 3.456 billion yuan, and the public offering shares account for 25% of the total issued share capital. If it is successfully raised, the market value will be 13.82 billion yuan, which is already small.

　　The company’s main problem now is cash flow. In 2021, the net cash flow from operating activities and free cash flow were 60.97 million yuan and 400 million yuan respectively, and in the first half of last year, they were 290 million yuan and 450 million yuan respectively.

　　The main reason for the deterioration of cash flow is the substantial increase in inventory and recurring accounts receivable, which reflects that the company’s large stock in 2021 has not been digested.

　　However, Greebo said with a swollen face that 90% of the production is driven by orders, which is very incomprehensible.

　　The company’s solvency has also deteriorated. By the end of the first half of the year, short-term loans were 1.10 billion yuan, long-term loans were 730 million yuan, and monetary funds were only 720 million yuan, which was not enough to cover short-term liabilities.

　　As can be seen from the company’s shareholding structure, Chen Yin does not want to share the IPO dividend with external investors. In the absence of new funds, listing may be the best choice.

　　In 2020, the company paid a dividend of 160 million yuan, accounting for 29% of the net profit returned to the mother in that year.

　　As a foreign trade-oriented manufacturing company, Greebo’s performance is inevitably subject to the downstream channels and the economic environment in North America.

　　In recent years, in the process of lithium electrification of garden machinery, the company’s development is not satisfactory, and its scale has been overtaken by Quanfeng Holdings, and its profitability has also fallen sharply.

　　Perhaps knowing that the company’s problems are not ultimately solved by money, Chen Yin, the boss of the company, chose to go public as soon as possible instead of introducing investors.

　　Faced with the risk of global economic recession this year, the company’s future is still unknown.

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　　Sixty years ago, Comrade Mao Zedong wrote an inscription "Learn from Comrade Lei Feng". Since then, the name of Lei Feng has resounded throughout China and spread all over the country, and the spirit of Lei Feng has been widely spread and deeply rooted in people’s hearts.

　　Tuyuan, China Youth

　　Since the 18th National Congress of the Communist Party of China, the General Secretary of the Supreme Leader has made a series of important expositions on carrying forward the spirit of Lei Feng, profoundly pointing out that "Lei Feng is a model of the times, and the spirit of Lei Feng is eternal". Dedicating love can be done everywhere. "

　　On the occasion of the 60th anniversary of the inscription by Mao Zedong and other revolutionaries of the older generation, the Supreme Leader General Secretary made important instructions to carry out the activities of learning from Lei Feng in depth, emphasizing that "no matter how the times change, the spirit of Lei Feng will never go out of date", and "let the activities of learning from Lei Feng be integrated into daily life and become regular, so that the spirit of Lei Feng can shine more brightly in the new era", which pointed out the direction for better carrying forward the spirit of Lei Feng in the new era.

　　Lei Feng Spirit

　　It is a vivid presentation of "two combinations"

　　General Secretary of the Supreme Leader made an important conclusion of "two combinations" in theory, which expanded the new realm of the modernization of Marxism in China. Lei Feng’s spirit is Socialism with Chinese characteristics’s values and moral spirit, which grows on the fertile soil of Chinese culture and never goes out of date. It fits the requirements of "two combinations" very well and has made a concrete demonstration in 60 years’ vivid practice.

　　The basic principles of Marxism, especially the lofty pursuit of "working for the laboring masses", the initial mission of the Communist Party of China (CPC) people, and the world view, world view, social view and moral view contained in Chinese excellent traditional culture, such as "the world is for the public, the people are the foundation of the country, governing by virtue, innovation, meritocracy, harmony between man and nature, unremitting self-improvement, kindness and morality". In this sense, carrying forward the spirit of Lei Feng is a practical action to implement the "two combinations" and an important measure to firmly support the "two establishment" and resolutely achieve the "two maintenance".

　　Lei Feng Spirit

　　It is a valuable asset for the new journey of endeavor.

　　At present, the whole country is working hard and courageously to advance the great rejuvenation of the Chinese nation in an all-round way in accordance with the decision-making arrangements of the 20th National Congress of the Communist Party of China. Chinese-style modernization is the socialist modernization led by the Communist Party of China (CPC), which not only has the common characteristics of modernization in all countries, but also has the characteristics of China based on its own national conditions, one of which is the coordination between material civilization and spiritual civilization.

　　How to achieve spiritual wealth while being rich in material needs us to vigorously develop advanced socialist culture, strengthen the education of ideals and beliefs, and inherit Chinese civilization, especially to put spiritual civilization on everyone’s practice of socialist core values and on everyone’s moral cultivation, so as to better promote the all-round enrichment of things and the all-round development of people. This process is the process of learning from Lei Feng. Everyone learns from Lei Feng to do good deeds, and everyone respects virtue and sees Si Qi, so that the moral foundation of Chinese modernization will be more solid and the strength of endeavor will be more cohesive.

　　On the occasion of the 60th "Remembrance Day of Learning from Lei Feng" in China, the first "Lei Feng-style" school social work service station in Shandong was established in Jinan Jingcheng Primary School. Tuyuan, Dazhong Daily Client

　　Lei Feng Spirit

　　It is the yearning pursuit of a better life for the masses.

　　From building a well-off society in an all-round way to building a socialist modern country in an all-round way, the people’s yearning for a better life is constantly developing, and they are more pursuing personal physical and mental health, harmonious interpersonal relationships, social customs and beauty. Lei Feng’s spirit has the distinct characteristics of loving the party, patriotism, pioneering and enterprising, helping others and dedication, which well embodies the relationship between people, people and society, and embodies the warmth of the big family of socialism and collectivism.

　　Society is a community, where everyone gives love, helps each other, and I am for everyone and everyone is for me. This is what makes Lei Feng’s spirit deeply rooted in the masses, lasting forever and never out of date.

　　Shandong focuses on serving the elderly, the small, the disadvantaged groups, the groups in need of psychological counseling and emotional comfort, and the social public needs, and extensively carries out the "five acts" civilized practice volunteer service.

　　Lei Feng Spirit

　　It is the wisdom power of human development and progress.

　　The Communist Party of China (CPC) is a party for people’s happiness, national rejuvenation, human progress and world harmony. Promoting the construction of a community of human destiny and promoting the common values of all mankind can find factors and draw nourishment from Lei Feng’s spirit.

　　As a natural person, Lei Feng belongs to China. When Lei Feng becomes a moral symbol and spiritual carrier, it is not only China’s, but also the world’s. Lei Feng spirit conforms to the law and trend of the development of human civilization, has historical penetrating power and shocking power, and is the common value pursuit and common language of mankind in the new era. Today, when the world is facing many risks and challenges, carrying forward the spirit of Lei Feng has more world significance, which should be China’s China wisdom and China plan for the human world.

　　Source: "Shandong Propaganda" WeChat WeChat official account

　　After the founding of the Communist Party of China (CPC), the Central Committee of the Communist Party of China stayed in Shanghai for a long time from the summer of 1921 to the beginning of 1933 (he briefly moved to Beijing, Guangzhou and Wuhan). Therefore, most of the early the Central Committee of the Communist Party of China government newspapers and periodicals were founded on the Huangpu River, which vividly demonstrated the characteristics of Shanghai culture, such as being good at innovation, leading the trend and pursuing Excellence.

　　The wizard:

　　"A beacon of dark China society"

　　In July 1922, the Second National Congress of the Communist Party of China held in Shanghai discussed the issue of party newspapers. In August, the Central Committee of the Communist Party of China decided to establish an authoritative publication at the West Lake Conference to widely publicize the Party’s anti-imperialist and anti-feudal democratic revolutionary program.

　　On September 13th, the first public publication "Guide" issued by the Central Committee of the Communist Party of China authorities came out in Shanghai. It is a weekly magazine with a format of 16, and its general distribution office is located at No.3, Lanfali, Zhaobang Road, Laoximen, Shanghai (now Lane 1047, Fuxing East Road) (the original building is no longer in existence). The inaugural issue of this newspaper’s Manifesto pointed out: "The civil strife of warlords is certainly the biggest obstacle to peaceful reunification and freedom in China, and the foreign invasion of international imperialism is a demon that restricts the free development of our Chinese nation politically and economically." "According to the real public opinion and political and economic facts of the whole country, my colleagues in this newspaper would like to call for unity, peace, freedom and independence before the people."

　　Cai Hesen has been the editor-in-chief of Guide for nearly three years, and has overcome financial difficulties and insisted on publishing it with tenacious spirit. At first, the magazine was arranged according to the content of the manuscript. In order to enhance the pertinence and highlight the key points, he successively opened up columns such as "current affairs review", "inch iron", "local newsletter", "what to say" and so on. At the same time, he also wrote a large number of political essays and commentaries (more than 130 of them were signed "He Sen"). No matter whether it is a long article of five or six thousand words or a short draft of hundreds of words, he can grasp the important issues or typical cases in reality for specific analysis.

　　Cai Hesen often goes to the factory to listen to your suggestions and criticisms with an open mind; In order to reflect the demands and voices of readers in time, he specially added the column "Voice of Readers" in the Guide. The magazine actively publicizes the party’s principles and policies to the public and strives to make them deeply rooted in the hearts of the people; The enthusiastic support of the public for the magazine has become the strong backing for it to persist in publishing in the predicament. The magazine is known as "a bright light in the dark society of China", and its circulation has gradually increased from more than 3,000 at first to tens of thousands. At that time, Li Lisan once commented: "The merit of The Guide is exactly the great merit that Comrade He Sen showed in the China Revolution."

　　Due to the sinister environment, after the first five issues of Guide were published in Shanghai, the editorial department had to travel to Beijing, Guangzhou, Shanghai, Wuhan and other places, and its distribution scope was also expanded to many large and medium-sized cities, and it was also sold in Paris and Berlin. In October 1925, Cai Hesen went to Moscow to attend the sixth enlarged meeting of the Executive Committee of the Comintern, and immediately served as the representative of the Communist Party of China to the Comintern. The Guide was edited by Peng Shuzhi, and Zheng Chaolin undertook the specific editorial affairs. In the spring of 1927, the editorial department moved from Shanghai to Wuhan. The Guide was edited by Qu Qiubai and edited by Yang Mu Zhi. Some old comrades recalled that the maximum circulation reached 100,000 copies. After the "July 15" counter-revolutionary coup, the publication was suspended and 201 issues were published.

　　The Guide took a clear-cut stand against imperialist powers, feudal warlords and supported the workers’ and peasants’ movements. It experienced the whole process of the first cooperation between the Kuomintang and the Communist Party and witnessed the development of the Party in this historical period.

　　Hot Blood Daily:

　　"Ten issues were published, and the sales reached 30,000."

　　After the May 30th tragedy, the Central Committee of the Communist Party of China decided to publish a daily newspaper in Shanghai in order to expose imperialist atrocities in time and inspire people’s morale. Qu Qiubai led the relevant comrades through intense and busy work, and completed the preparations in just a few days.

　　On June 4, 1925, Hot Blood Daily was founded in Shanghai, with Qu Qiubai as the editor-in-chief, and Shen Zemin, He Gongchao and Zheng Chaolin participated in the editing work. Qu Qiubai declared in his preface: "Now the blood of all Shanghai residents has been boiled to the climax by the bullets of outsiders … Now the strong in the world possess cold iron, while we weak only have hot blood, but we really have hot blood in our hearts, so we don’t worry that there will be no cold iron in our hands in the future. Once hot blood gets cold iron, it will be the last luck of the strong."

　　"Hot Blood Daily" is a four-page edition with about 12,000 words in each issue. The newspaper is more political and encouraging: the first and second editions of the "local news", "domestic news" and "urgent news" columns mostly publish news that newspapers avoid or ignore; The third edition of the "International Highlights" column specifically reports the news of sympathy and support of the working class in the Soviet Union and other countries to the people of China; The fourth edition of the "Voice" supplement mainly publishes short comments, essays and literary works, among which there are both criticisms of wrong remarks and satires on shameful acts.

　　Most of the editorials published in Hot Blood Daily are written by Qu Qiubai, such as Federation of Business Studies and Shanghai Citizens, What does the Shanghai General Chamber of Commerce want? "Who is the enemy and who is the friend? "The May 30th Massacre and the Abolition of Unequal Treaties" and so on are all highly targeted and thoroughly reasoned.

　　During the editing of Hot Blood Daily, Qu Qiubai was "wanted" by the Shanghai Concession authorities, but he put his life and death aside and devoted himself to running the newspaper. Yang Zhihua, his wife, said in Memories of Autumn White: The site of Hot Blood Daily is a guest room, with a long table of white wood in the middle and several long benches around it. At that time, the weather was very hot. During the day, Qu Qiubai worked hard in his stuffy room to write articles, edit news, proofread and compose editions, and was so busy that he was sweating like a pig. In the evening, he has to listen to reporters’ reports and organize writing. Whenever a major problem is found, Qu Qiubai always goes to the workers and personally verifies the materials before publishing them in newspapers. At that time, although the work was very hard, he said to his wife Yang Zhihua, "It is much more effective to work like this than to give lectures at the university platform."

　　On one occasion, when Qu Qiubai went out on business, he saw a worker reading the Business Daily and talked with him. The other party complained, "There is no newspaper suitable for workers to read, and now the newspaper can’t understand it." Inspired by this, he tried to make the writing simple and easy, and paid attention to the use of spoken language or dialect; The point of view of the article is straight to the point, and the length can be short or short, so that workers have time to read and understand. In addition, he also published many folk tunes and rap, which were popular and vivid, loved by the masses and quickly sung by everyone.

　　Hot Blood Daily, the first daily newspaper founded by the Party, had a great influence in the May 30th Movement. The newspaper once revealed in the notice: "Ten issues were published, and the number of sales reached 30,000. There were hundreds of people who contributed letters and came to contact each other." Starting from the second issue, the newspaper marked the address as "Turn 567, Huaxing Square, North Zhejiang Road" next to the header; From the 12th issue, it is marked as "No.56 Huaxing Road, North Zhejiang Road, Shanghai", which is now Zhejiang North Road, and Lane 64 Huaxing Road is behind Huaxing Square.

　　Due to the strangle of imperialism and warlords, Hot Blood Daily was forced to close after its 24th issue was published on June 27th, but its revolutionary propaganda has had a great influence.

　　Boolean Sevik:

　　"The Pointer of the New Road of China Revolution"

　　At the August 7th meeting in 1927, the temporary CPC the Political Bureau of the Central Committee headed by Qu Qiubai was elected. Soon, the Central Committee of the Communist Party of China moved back to Shanghai from Wuhan, because the Guide had been forced to close, so he began to plan to publish a new the Central Committee of the Communist Party of China organ publication in secret.

　　On October 22nd, the CPC held a meeting in The Politburo Standing Committee (PSC), and formally decided to set up a comprehensive central organ publication "Boer Sevik" in Shanghai, with Qu Qiubai, Luo Yinong, Deng Zhongxia, Wang Ruofei and Zheng Chaolin as the editorial board director (editor-in-chief). On November 14th, it was decided to set up the Editorial Committee of the Central Party Newspaper, and 21 people including Cai Hesen, Mao Zedong, Zhou Enlai, Li Lisan, Yun Daiying and Zhang Tailei were added to the editorial board.

　　The first issue of "Boolean Sevik" came out on October 24th, and its title was inscribed by Qu Qiubai himself. The editorial department is located at No.418 Hengchangli, Yuyuan Road, Shanghai (now No.34, Lane 1376, Yuyuan Road), which is a "pseudo-three-story" brick and wood structure new-style Lane residence. While presiding over the Central Committee of the Communist Party of China’s work, Qu Qiubai was responsible for editing Boolean Sevik, determined to make it a "pointer to the new road of China revolution"; Every week, he will go to the editorial department from his apartment on Fuxi Road (now Yan ‘an Middle Road) to discuss topics and screen manuscripts with everyone.

　　Bour Sevik was founded at the time of great changes in the revolutionary situation in China, and has opened more than 10 columns successively. In order to guard against the enemy’s destruction, it was published on the cover in disguise, and used the headlines of China Cultural History, China Ancient History Examination, Economic Monthly, Civilians and Rainbow.

　　The magazine devoted a lot of space to promoting the general policy of the Party to realize the agrarian revolution and the armed uprising of workers and peasants. For example, the expansion of revolutionary forces in southern Hunan, eastern Hunan and western Jiangxi, published in the 25th issue of Volume I, introduced Mao Zedong’s establishment of a base area in Jinggangshan, reported that some troops led by Zhu De went to Jinggangshan, and praised the development of the stationed troops in Jinggangshan and the base area for making the revolution "within the reach of forces" and "the enemy dare not face it squarely". The journal also published the Central Committee of the Communist Party of China’s resolutions and instructions in time, reprinted the documents of the Communist International, and published theoretical articles on discussing and studying China’s revolutionary problems, which became an important political propaganda position of the Party. At that time, Mao Zedong asked to send "Boolean Sevik" in his letter to the Central Committee of the Communist Party of China, and said that "we are hungry for books and newspapers".

　　Boolean Sevik published 52 issues from its inception to July 1932. Cai Hesen, Li Lisan, Zhang Wentian, etc. also served as the director of the editorial board. Because of the sinister environment, it gradually changed into a semi-monthly, monthly and indefinite periodical, and changed from 16 format to 32 format; During the 15 months when the editorial department was located in Hengchangli, 31 issues were published, accounting for 60%. At that time, the magazine was like a breeze, blowing away the stagnant blocks in readers’ chests after the failure of the Great Revolution. It is also like a "night light", which illuminates people’s way forward.

　　Red Flag Weekly:

　　First put forward "organizing armed volunteers to save the country"

　　On February 17th, 1931, Zhang Wentian returned to Shanghai from Moscow, Soviet Union. At the beginning of March, he served as the Minister of Propaganda Department of the CPC Central Committee, and later became the temporary The Politburo Standing Committee (PSC) of the CPC. He adjusted the work of party newspapers in time according to the needs of carrying out revolutionary propaganda. On March 9th, Red Flag Weekly, the the Central Committee of the Communist Party of China organ newspaper edited by him, was founded in Shanghai.

　　Red Flag Weekly was formerly known as Red Flag and Red Flag Daily. Red Flag was founded in Shanghai on November 20th, 1928. It was started as a weekly magazine by the Propaganda Department of the CPC Central Committee. From the 24th issue, it was changed into a three-week journal, with 16 folio at the beginning, then changed into 32 folio and 8 folio. By August 2nd, 1930, it was published in 126 issues. On August 15th, 1930, Red Flag and Shanghai Newspaper sponsored by jiangsu provincial party committee of the Communist Party of China (founded on April 17th, 1929, edited by Li Qiushi, published 385 issues in four editions) merged into Red Flag Daily, with four editions marked as "The Central Committee of the Communist Party of China (CCCPC) organ newspaper", and changed to "the Communist Party of China (CPC) Central Committee and jiangsu provincial party committee" on February 14th, 1931. The editor-in-chief of Red Flag Daily was Pan Wenyu and Wang Jiaxiang successively, and the director of the interview department was Pan Hannian. Li Lisan, Guan Xiangying and Zhang Wentian often contributed articles. The newspaper publicized the party’s principles and policies in many ways and was welcomed by both inside and outside the party. After its publication, the number of copies reached more than 12,000. Later, due to the continuous destruction of the printing house by the enemy, it was difficult to print normally. On March 8, it stopped publishing and published a total of 182 issues. It is in this case that Zhang Wentian decisively decided to close Red Flag Daily and change it into a secret Red Flag Weekly.

　　The inaugural issue of Red Flag Weekly published articles such as the Draft Decree of the First National Congress of the Chinese Soviet Union and the New Plan to Break the Kuomintang’s Attack on the Red Army. Moreover, in the letter from the editor of this newspaper to the readers, which is equivalent to the publication, he appealed: "Dear readers, fight to safeguard the Soviet regime and overthrow the rule of the imperialist Kuomintang!" This newspaper mainly publishes the Central Committee of the Communist Party of China’s work reports, resolutions, policies, electricity calls, declarations, etc., reprints the documents of the Communist International, reports the news of the Soviet Union and communist party, reflects the development of the political situation at home and abroad, and guides the work of the whole party. The column "Puffy China Soviet Movement" opened by Red Flag Weekly is particularly concerned by readers. It has published a large number of newsletters and introduced various aspects of the revolutionary base areas, such as "How the Soviet Government Struggles for the Solution of the Food Problem" published by Zhang Wentian on July 10, 1932 under the signature of "Luofu", which vividly expounded the sufficient basis for the continuous development of the revolutionary base areas under the leadership of the party by combining the typical materials in several Soviet areas’ documents and reports. It is worth mentioning that after the September 18th Incident in 1931, Zhou Enlai published "Japanese Imperialist Occupation of Manchuria and Our Party’s Current Tasks" in the Red Flag Weekly published on October 21st, in which he first proposed "to lead the workers and peasants and all oppressed nations to organize their own armed national salvation volunteers", which spread the name of "volunteers". Since then, the CPC Manchuria Provincial Committee has decided to "mobilize the broad masses to establish a volunteer army".And has sent more than 200 party and league members to various places to organize or assist in the creation of volunteers.

　　Due to the serious white terror, Red Flag Weekly is often in danger, but Zhang Wentian is fearless and tries his best to ensure its normal publication. The first to ninth issues of Red Flag Weekly are 8-page newspapers; Since the tenth issue, it has been changed into a 32-volume book format. In order to cover the distribution needs, it has successively adopted 16 kinds of camouflage covers such as Industry Weekly, Times Weekly, Modern Weekly, Buddhist Studies, Civilians, Modern Life and Architecture.

　　In order to make Red Flag Weekly published smoothly, the Central Committee of the Communist Party of China rented two adjacent buildings (No.146-148, Lane 998, Zhoujiazui Road today) in Yuanxingli, Qiwupu Road, Shanghai in the spring of 1931, one with a secret printing factory and the other with a silk cloth village as a cover, which was specifically responsible by Qian Zhiguang. Soon, due to the mutiny of Gu Shunzhang, who held an important position in the Central Committee of the Communist Party of China Teke, the secret printing factory was moved to No.99, Meibaike Road (now Xinchang Road). A grocery store was opened on the first floor, and Qian Zhiguang, the "boss", often observed the movement outside. The second floor was used as a dormitory, and the third floor was used for typesetting, printing and binding.

　　Because of the white terror, Zhang Wentian had to change his apartment many times. In 1932, he lived most of his life at No.27 Pingheli, Aiwenyi Road, Shanghai (now Lane 239, Beijing West Road). By November, it was moved to Maris New Village (now Lane 216, Chongqing North Road) located in the southwest of Happy Valley Hall. In the meantime, in addition to burying his head in his work, he also published more than 100 articles under pseudonyms such as Luofu, Pingjiang and Goth. In January 1933, he entered the Jiangxi Central Revolutionary Base with the temporary the Political Bureau of the Central Committee of the Communist Party of China. Red Flag Weekly insisted on March 1 of the following year, with a total of 64 issues and 13 additional issues. The newspaper not only played an important role as a mouthpiece, but also made a complete record of the Party’s work in Soviet areas and Kuomintang-controlled areas in the past, leaving valuable historical materials.

　　Newspapers and periodicals of other central organs

　　In addition to the above-mentioned party newspapers and periodicals, there are also some early the Central Committee of the Communist Party of China newspapers and periodicals published in Shanghai.

　　On July 1st, 1923, Forward was founded in Shanghai. In order to deceive the enemy, it was published in Guangzhou, with Qu Qiubai as the editor and Chen Duxiu, Zhang Tailei and Xiang Jingyu as the main contributors. This magazine mainly analyzes and discusses the revolutionary problems in China, and publicizes the principles and strategies formulated by the three major congresses of the Communist Party of China. Each issue has a "inch iron" column to expose the shortcomings of current politics in short and pithy words. On February 1, 1924, it was published until the third issue was closed.

　　The Communist Party of China (CPC) Party Newspaper was founded in Shanghai on November 30, 1923. It was edited by Chen Duxiu, and the periodical was uncertain. By May 1924, four issues had been published, the first of which was the document of the First Plenary Session of the Third Central Committee of the Communist Party of China, and the third and fourth issues were the documents of the enlarged meeting of the the Central Committee of the Communist Party of China Executive Committee in May 1924. The specific date of suspension is unknown.

　　Central Political Newsletter (also called Central Newsletter) was founded in Wuhan in September 1926 and moved to Shanghai in November of the following year. At first, it was the most confidential and important political publication in the Party for the responsible comrades of the C.O. and the responsible secretaries of important regions to know about all aspects of work and decide policies. Later, it was changed into a public publication in the Party, which mainly published the Central Committee of the Communist Party of China documents, work summaries and local newsletters, including materials of Nanchang Uprising, Guangzhou Uprising and armed riots of workers and peasants in various places. In July 1928, it stopped publishing and published 30 issues.

　　The Life of the Party was first published in Shanghai on January 1, 1929. It was an indefinite periodical at first, and changed to a semi-monthly magazine after its sixth issue. This magazine mainly publishes articles on the revolutionary road in China within the Party, and also criticizes the right-wing ideas. The main contributors are Li Lisan, Liu Shaoqi, Deng Yingchao and Yu Hongze. On June 15, 1930, the publication was stopped, and 11 issues were published.

　　The Truth was founded in Shanghai on October 30th, 1930. It is a theoretical newspaper and edited by Wang Jiaxiang. The main contents published are the Central Committee of the Communist Party of China’s resolutions, declarations, circulars, documents of the Communist International on the China Revolution, and articles on the Party’s line, principles and policies. It was closed on March 5, 1931.

　　Struggle was founded in Shanghai on January 21, 1932. It is a mimeographed periodical with 16 formats and was edited by Zhang Wentian. After the Central Committee of the Communist Party of China moved out of Shanghai, the journal was still published in Shanghai, with the Central Committee of the Communist Party of China’s documents and theoretical articles about China’s revolution as the main content. On July 5, 1935, the journal was closed, with a total of 79 issues published, which was called "Shanghai Edition". By the way, on February 4, 1933, Jiangxi Ruijin also published Struggle, which was a journal of the Central Bureau of the Soviet Area of the Communist Party of China. It was printed in a format of 16 pages and closed on September 30, 1934, with a total of 73 issues, known as the "Soviet Edition"; After the Red Army arrived in northern Shaanxi, on November 21st, 1935, the issue of "Struggle" was published in Yan ‘an, as the organ publication of Northwest Bureau of the Central Committee of the Communist Party of China, and later changed to the organ publication of the Central Committee of the Communist Party of China, with a total of 54 issues published in 32 format, which was called "Northwest Edition" (final issue on March 19th, 1937).

　　In the early the Central Committee of the Communist Party of China government newspapers and periodicals founded or published in Shanghai, some dared to be the first, some were well planned, some were well arranged, and some struggled to open up. They adhered to the distinct political stance and the purpose of running journals, and also laid a fine tradition of party newspapers and journals.

　　(The author is a member of the Literature and History Committee of the 12th Shanghai CPPCC)

　　On November 11th, "Singles Day" is just around the corner, and single people have once again become the focus of social attention. Yesterday, the third issue of the series report on the status quo of single people in 2016 (hereinafter referred to as the "report") released by zhenai showed that the average monthly disposable income reached 8,000 yuan for golden singles; Guangzhou-Shenzhen women set a threshold of 10,000 yuan in salary for mate selection; Over six adults agree with "spare tire" dating; Shanghai and Hangzhou spend more than 10,000 honeymoon budgets to lead the honeymoon local tyrants list; Nanjing is the last place to live with parents after single marriage.

　　This report is mainly aimed at the online sampling survey of 100 million members in zhenai, with a total of 4,555 valid samples, which comprehensively analyzes the economic situation, spouse selection and marriage view of singles.

　　single economy

　　"Golden Singles" have more women than men.

　　In the "Chopper Party" bought by "double 11" buy buy, the consumption power of single people is not to mention, and the monthly disposable income also directly determines the quality of personal life. According to the report, over 50% of single men and women have an average monthly disposable income of 3,000-5,000 yuan, while nearly 30% have an average monthly disposable income of 5,000-8,000 yuan, and 10% have an average monthly disposable income of more than 8,000 yuan.

　　Single men and women with an average disposable income of over 8,000 yuan per month are called golden singles, with Shanghai accounting for the largest proportion of singles, followed by Beijing, Shenzhen, Hangzhou and Guangzhou. It is interesting to find in the report that the proportion of single women is higher than that of single men among people with an average disposable income of over 8,000 yuan per month. In first-tier cities, the number of single women with independent economy and high spending power is also increasing.

　　Spouse selection requirements

　　Women in Beijing demand high monthly income from their boyfriends.

　　Through the process of blind date, it can be found that income is one of the important factors for single men and women to consider when choosing a spouse. According to the report, with the development of material economy, women’s economic requirements in mate selection have also risen. More than 80% of single women think that 5,000 yuan is the starting point of men’s income, that is, the "passing line". Among them, 67.06% of single women require men’s monthly income to be 5,000-10,000 yuan, while 25.02% require their monthly income to exceed 10,000 yuan. Shenzhen, Beijing, Shanghai, Wuhan and Guangzhou rank among the top five cities in China with high demands on men’s income. However, men’s income requirements for women are generally low — — 80% of the men said that the other half would be willing to accept it if their income was less than 5,000 yuan, and there was no special requirement.

　　In addition to income, there are many factors to consider when choosing a spouse. According to the survey, 42.78% of women think it is very important to be suitable in marriage, while 90.17% of single men think that feelings are more important when they enter marriage, and a good family is not a necessary condition.

　　Choice of spouse vision

　　178cm for men and 163cm for women are the most popular.

　　People who are difficult to take off their orders are often considered to be demanding and too picky. And is this the case? According to the report, it is not only men who are "visual animals", but nearly 70% of single women think that their partner’s appearance is "very important" when choosing a spouse, and they have higher requirements for men’s height and body shape. In contrast, less than 40% of single men attach great importance to each other’s appearance and height and size.

　　The single men and women interviewed also gave their most expected height range, among which men with 178cm, 180cm and 175cm were the most popular among women, while men preferred women with 163cm, 168cm and 160cm in height.

　　In terms of age, 80% of single men tend to find a partner younger than themselves, and 65% of them want the other half to be less than 7 years younger. Among women, more than 90% said that the other half must be older than themselves in the future, and 85.7% of them had an ideal age difference of less than 7 years. As can be seen from the data, the age difference in mate selection is within 7 years.

　　Characteristics of mate selection

　　Over 60% of adults approve of spare tire dating.

　　In the process of choosing a spouse, most single men and women think that it is not wrong to date more than one person at the same time before the formal relationship is established. The data shows that 64.23% of single men and women think that they can date 2-3 people at the same time before determining the relationship, and then make a comprehensive understanding before making a decision.

　　With the increase of divorce rate, the number of divorced singles is also increasing. Traditionally, divorced people are hard to find a partner, especially for divorced single women. However, the survey in zhenai showed that over 70% of single men and women said they didn’t mind that the other person was remarried.

　　As the touchstone of marriage, cohabitation before marriage is increasingly accepted by society. According to the survey in zhenai, 73.79% of the single men and women interviewed said that they accepted cohabitation before marriage, especially for men, and over 80% of single men thought cohabitation was necessary. However, as far as women are concerned, only 60% of women accept premarital cohabitation, among which post-80s women have the highest acceptance, followed by post-70s women, while post-90s women have less than 50% of people who accept premarital love, preferring to have their own independent space rather than being tied to family life prematurely.

　　honeymoon trip

　　More than half of men and women prefer to travel overseas.

　　The survey shows that the longing for honeymoon trip is the most anticipated part of the wish to leave the order. 58.17% of men and women think that they will choose to go overseas to make their honeymoon trip more memorable, even though they have more time to travel in China. Among them, the proportion of women who choose overseas travel is as high as 72.15%. As for the location, Australia is loved by 45.6% of young men and women because of its characteristics of "romantic island country" and "natural scenery". The second place on the wish list is Northern Europe. Nearly 30% of single men and women think that Nordic countries such as Switzerland and Denmark are full of fairy tales, and honeymoon trips should be as wonderful as fairy tales. The third place is the domestic honeymoon trip, and the reasons for choosing the domestic tour are closeness in human geography, convenience in language communication, safety and suitable consumption level.

　　According to the report, the honeymoon spending list is similar to the monthly average disposable income list: 70% of single men and women in Shanghai and Hangzhou said that they are willing to spend more than 10,000 yuan per person on honeymoon trips, followed by Beijing, with a budget of over 60%. However, in cities with relatively frugal honeymoon budgets, single men and women in Changsha, Xi ‘an and Jinan admit that they will not spend too much on honeymoon trips.

　　Family relations

　　Nanjing is the last place to live with parents after single marriage.

　　According to the survey, although most single men and women don’t mind living with their parents, it is undeniable that more than 40% of single men and women expect to go their separate ways with their parents after marriage. Among them, Nanjing has the highest proportion of single men and women, reaching 63.63%, followed by Jinan and Shenzhen, showing their attitude towards living independently after marriage.

　　According to the survey, 81.06% of single men and women want to have one or two children after marriage, but although the country has opened up a second child, there are still more single men and women who tend to have one child than those who have two children. In addition, girls seem to become more popular, and more than 60% of single men and women prefer to have girls.

CCTV News:On April 14th, Shu Yuting, spokesperson of the Ministry of Commerce, said that since the beginning of this year, China’s foreign trade has withstood the pressure and started well on the whole, laying a good foundation for achieving the annual target.

Shu Yuting said that in the first quarter, China’s total import and export volume reached 9.42 trillion yuan, a year-on-year increase of 10.7%. However, we should also be soberly aware that the environment for foreign trade development is becoming more severe and complicated, and we are facing many risks and challenges.

From an international perspective, the bottleneck of global supply chain has not been alleviated, inflationary pressure has risen, monetary policies in major economies have tightened, and the growth rate of global economy and trade has declined. On April 12th, the WTO lowered its forecast of global economic and trade growth in 2022 by 1.3 and 1.7 percentage points respectively.

From the domestic point of view, local epidemics have occurred frequently recently, and the production and operation of some foreign trade enterprises have been affected, logistics and transportation have been blocked, the supply chain in the Yangtze River Delta and the Pearl River Delta has been sluggish, and the comprehensive cost of enterprises has remained high.

At the same time, however, China’s foreign trade industry has a solid foundation, and the long-term positive fundamentals have not changed. There are still many favorable conditions to achieve the goal of maintaining stability and improving quality in imports and exports.

Shu Yuting, spokesperson of the Ministry of Commerce:The Ministry of Commerce will continue to pay close attention to the changes in the situation, do a good job in the implementation of the policies that have been introduced to stabilize foreign trade, study effective new policies, open up blocking points, solve difficulties and eliminate pain points, fully ensure the stable and smooth supply chain of the foreign trade industry chain, help foreign trade enterprises solve difficulties, and strive to keep foreign trade running in a reasonable range throughout the year.

　　　　　　 CCTV News:On 14th, Changde Municipal Party Committee Propaganda Department WeChat WeChat official account "Changde Release" issued a notice saying that an investigation team had been set up quickly to investigate the problems and deal with them objectively, fairly and strictly according to law.

　　　　　　 Yang Yu, a special commentator, said that it was a good thing to give disability benefits to patients with work-related injuries and occupational diseases, but this good thing was not done well. Disability allowance is not about the amount of money paid, but about a fair payment procedure and results. At present, there are many doubts, and the relevant local departments have not taken the initiative to find these doubts. After being exposed, they feel as if this matter has nothing to do with themselves. In view of this situation, we need to say no to formalism and bureaucracy.

　　　　　　 The central government is vigorously pushing forward to solve the problem of formalism and bureaucracy. Recently, the party and government departments in Changde City, Hunan Province have just carried out a few months of centralized special rectification, but from the answers of the relevant staff, they give people an attitude of being irrelevant. Are there some ideological roots of formalism and bureaucracy in this attitude? The local authorities should conduct a good self-examination. Facing the wishes and interests of the people, they should not be aloof, divorced from the masses, or replace solid implementation with vigorous forms.

　　　　　　 When General Secretary of the Supreme Leader was working in Zhejiang, he wrote a book "Zhijiang New Talk", and there was an article called "Being an official without the people". The first sentence of this comment was "The interests of the masses are no small matter". Today, all comrades in the party are experiencing the requirements of the General Secretary and the report of the 19 th National Congress of the Communist Party of China. Even if the masses have small things, they should regard them as their own major events. In the mutual encouragement and requirement of "the interests of the masses are no small matter, and the people are not officials", the local authorities should make a good self-examination to see if there are ideological loopholes and lax, meticulous and untrue behaviors in this regard.

　　　　　　 Before commenting, I logged on the official website of Changde Municipal Bureau of Human Resources and Social Security, and found that a month ago, the local bureau of human resources and social security engaged in a competition training for business ability. The main responsible comrades of the bureau said that "the human resources and social security department is a service department and a people’s livelihood department. To serve the people’s livelihood, it is necessary not only to have Do not forget your initiative mind’s people’s livelihood feelings, but also to have a solid business ability and service level." I hope they can keep their word.

1905 movie network On the evening of August 28th, the studio issued a document saying that it noticed that a large number of users spread videos, video screenshots and chat records containing insulting and defamatory remarks by using AI face-changing technology through online channels. When the content was maliciously spread in January this year, the studio made clarification and statement, but the rumor still caused a wider spread. In order to safeguard the legitimate rights and interests of Haoran Liu, the studio reported the case to the police today.

It is reported that AI’s face changing technology is increasingly developed, and many stars have suffered greatly. Haoran Liu is just one of them. In recent years, Haoran Liu has been deeply troubled, and some fans have followed suit. The time to find rumors was in 2019, and the source was the external network. Some bloggers used artificial intelligence to change Haoran Liu’s face, and then netizens spread it to major websites, and then rendered the text, and all kinds of gossip followed. In 2020, the picture of Haoran Liu’s face changing spread to domestic forums. At that time, it was recognized as a face changing, but it was still spreading.

Haoran Liu studio statement:

Recently, my studio noticed that a large number of users spread videos, video screenshots and chat records containing insulting and defamatory remarks by using AI face-changing technology through online channels. When the above content was maliciously spread in January, 2021, my studio made a clarification and statement, reminding and advocating the vast number of network users to treat network information rationally, and not to spread rumors or rumors. However, this rumor still caused a wider spread and caused extremely bad influence when some netizens with ulterior motives kept selling videos and screenshots. As the above content is mainly spread through WeChat, QQ and group chat channels in the form of screenshots and forwarding, there are objectively difficulties and obstacles in obtaining the user information involved in the relevant chat records. In order to safeguard the legitimate rights and interests of Mr. Haoran Liu, our studio has reported the case to the police today.　

"(FSD landing in China) may be realized soon". Recently, elon musk, CEO of Tesla, made an "official statement" about FSD’s entry into China when replying to a question from a Tesla owner in China on social media "X" (formerly Twitter).

FSD is the abbreviation of "Full Self-Driving", which is the highest level in Tesla’s automatic driving sequence-the other two gears are basic version (AP) and enhanced assisted driving (EAP).

At present, FSD has been upgraded to the end-to-end version of V12.3, and the name of "beta" has been cancelled, and it is completely driven by neural network and data.

According to CITIC Securities, the more anthropomorphic driving style makes the ChatGPT moment of FSD promoting high-level autonomous driving approach.

Many other institutions have also expressed similar views that high-level autonomous driving is about to usher in an "inflection point".

But almost at the same time, the price of Tesla FSD in the United States was lowered by 33.3% from $12,000 to $8,000; The monthly subscription price has also been lowered from the previous $199 to $99, and customers can also get a month’s experience service for free.

It is worth mentioning that this is not the first time FSD has cut prices.

Before August 2023, the price of FSD in North America was $15,000.

At that time, Musk thought that the price of FSD was "very low", and if "fully automatic driving" could be realized, the market value of Tesla would be greatly increased.

At present, the price of FSD in China is unknown, but judging from the current price trend of the software, it is probably not higher than that in North America.

Because so far, in addition to Huawei’s ADS2.0, it is hard to say that China users have developed the habit of paying for a smart driving system-whether it is "fully automatic driving" or not.

01

FSD can make people sleep in the car?

For elon musk, it is true that he is often active on social media, but there are not many questions about answering a Tesla owner in China personally.

The owner asked Musk, "When will the FSD land in China? When can the new parking assist be pushed to the owner of Tesla HW3.0 in China? "

Although Tesla CEO’s reply is still unclear, it also shows that FSD is indeed in full swing to promote related matters.

In fact, since November 2023, news about FSD’s entry into China has begun to spread.

At that time, a new owner found that the description of FSD test information appeared in Tesla’s user manual.

According to public information, FSD supports high-speed NOA (navigation-assisted driving) and urban NOA, as well as functions such as automatic parking and intelligent calling. Even in complex road conditions, human drivers are often not required to intervene.

According to Musk’s statement at Tesla’s shareholders’ meeting, FSD beta users have accumulated 190 million miles (about 306 million kilometers), and their safety performance will be 10 times that of human drivers in the future.

As early as 2019, Musk said that FSD is very reliable and drivers can even go to sleep-but he strongly advised drivers not to sleep while driving.

In a live broadcast last year, he claimed that FSD no longer relies on program code to identify concepts such as roads and pedestrians, and all of them are left to the neural network to judge for itself.

However, Tesla CEO stressed that FSD can almost achieve "automatic driving", but it still needs improvement.

As a result, FSD has become one of the few trump cards in Tesla’s hands that can attract users in China.

In addition, it seems that Tesla’s landing in China FSD has already been laid out.

For example, as early as 2021, Tesla’s data center in Shanghai has realized the localized storage of China business, thus meeting the general rules of supervision.

It is worth mentioning that the policy on autonomous driving is also blowing warm air frequently.

In May 2023, the Shanghai Economic and Information Committee indicated that it would promote the layout of Tesla’s autonomous driving business in Shanghai.

Considering the relationship between Shanghai and Tesla (the latter’s only super factory is located in Shanghai), FSD’s entry into the China market is certain.

By the end of last year, with the Ministry of Industry and Information Technology and other four ministries and commissions jointly issuing the Notice on Launching the Pilot Work of Intelligent Networked Vehicles Access and Road Access, it was clearly stated that L3 and L4 intelligent Networked Vehicles with mass production conditions could be piloted in a limited area.

02

Autopilot makes Tesla worth 10 trillion?

It is no secret that Tesla is betting on autonomous driving technology.

In fact, over the past years, elon musk has been emphasizing the importance of autonomous driving to the automobile industry and its significance to Tesla.

As early as an internal meeting in 2022, Musk wanted to build a Robotaxi (self-driving taxi) with "no rearview mirror, accelerator or brake pedal, and steering wheel".

He stressed that he doesn’t want a "half-baked" Robotaxi, and Tesla must "take risks", that is, put all your eggs in one basket on autonomous driving.

The crazy CEO believes that Robotaxi will change everything and make Tesla a company worth $10 trillion.

Almost a year later, Morgan Stanley also threw out a similar view, but the tone was reduced-for example, "10 trillion US dollars" was counted as the size of the autonomous driving market, not the value of Tesla.

The well-known investment bank said in a research report that the Tesla supercomputer "Dojo" will bring Tesla a market value increase of up to 500 billion US dollars.

Morgan Stanley’s research report has worked.

Tesla’s share price soared by 10.09%, and its market value increased by nearly 80 billion US dollars.

At that time, Tesla’s market value was close to 870 billion US dollars.

But now, after more than half a year, Tesla’s market value is only about 450 billion US dollars.

In August, Tesla is said to release that Robotaxi.

However, the price reduction of FSD now shows that the prospect of autonomous driving seems to be unable to bring additional aura to Tesla.

Musk’s explanation for FSD price reduction is that the price reduction is to let more users try this system.

I think the price of FSD will increase in direct proportion to its value over time, and the current low price is only temporary.

He also said that Tesla is willing to authorize other car companies to use FSD technology.

03

The "ethical" problem has been basically solved.

As far as the China market is concerned, users and investment institutions are generally optimistic about the FDS landing, and think that it will become the "catfish" in the smart driving market-the same role that Tesla was given after setting up a factory in Shanghai.

Guotai Junan believes that the entry of FSD into the China market will help the rapid development of the domestic autonomous driving industry.

CITIC Securities released a research report saying that FSD is expected to stimulate consumers’ willingness to pay.

This points out the pain point of the current smart driving market in China-except for Huawei ADS2.0, it is difficult for most car companies to realize the charging mode for their smart driving systems, and most of them are directly "sent" to users.

However, for a long time, autonomous driving systems, including Tesla, faced "ethical" problems.

In other words, who should be responsible for a traffic accident in a self-driving car?

In August 2022, Robotaxi, a "radish run" owned by Baidu, was rear-ended by a truck, and the rear car was judged to be fully responsible.

In 2023, Robotaxi of "Rapunzel Run" scraped another normal vehicle, but left the scene after a short pause.

This has caused a new problem-who should be responsible after the driverless car "hit and run"?

According to the Regulations on the Administration of Intelligent Networked Vehicles in Shenzhen Special Economic Zone, which was officially implemented in Shenzhen on August 1, 2022, if there is a violation of road traffic safety in an intelligent networked vehicle with a driver, the traffic management department of the public security organ shall deal with the driver according to law.

In case of road traffic safety violation during the period when there is no driver in the fully automatic intelligent networked car, the traffic management department of the public security organ shall deal with the vehicle owner and manager according to law.

In addition, if a driver’s intelligent networked car causes damage due to a traffic accident, the driver shall be liable for compensation.

If a fully self-driving intelligent networked car causes damage due to a traffic accident during the period when there is no driver, the vehicle owner and manager shall be liable for compensation.

On November 17, 2023, the Ministry of Industry and Information Technology and other four departments jointly issued the "Notice on Launching the Pilot Work of Intelligent Networked Vehicle Access and Road Access", which also clarified the responsibility of high-level intelligent driving accidents for the first time.

That is, if the autopilot system is not activated and an accident occurs, the responsibility shall be divided according to the current regulations.

If the autopilot system is activated, the pilot enterprise or the user shall submit relevant certificates, and if it is not submitted, it shall bear corresponding responsibilities.

Intelligent networked vehicles can be used as the object of liability judgment in accidents, and the pilot users are liable for compensation according to the liability judgment.

This basically clarifies the responsibility issues involved in the process of driving self-driving cars on the road.

However, it should be pointed out that the Notice jointly issued by the four departments is only a "pilot" at present.

04

Does FSD have security risks?

For Tesla’s FSD, the trouble is not only ethical issues, but also supervision.

At the end of last year, Tesla recalled more than 2.03 million electric vehicles.

According to the National Highway Traffic Safety Administration (NHTSA), the reason for the recall is that the autopilot system has security risks.

This is the second time Tesla recalled the car for the same matter last year.

In the recall in early 2023, Tesla recalled about 360,000 cars with "fully automatic driving test version" software installed.

The California Vehicle Authority (DMV) also believes that Tesla conducted "deceptive propaganda" when using the terms "Autopilot" and "FSD".

In 2022, DMV even brought Tesla to court on the grounds of "false propaganda" in autonomous driving.

California has also passed a bill prohibiting the description of "autonomous driving" in smart driving advertisements.

For Tesla to release Robotaxi in August 2024, DMV also said that it has not received Tesla’s application for related business in California.

However, judging from Musk’s statement, it is expected that these will not affect the smooth entry of FSD into China.

The only suspense at present is the price.

According to Tesla official website, the price of its "enhanced automatic assisted driving function" in China is 32,000 yuan, and the price of its "fully automatic driving ability" is 64,000 yuan.

This price is about $8,800, which is close to the price of FSD in the United States.

Correspondingly, on the eve of the Shanghai Auto Show in 2023, Huawei released ADS 2.0, with a one-time purchase of 36,000 yuan and an annual subscription of 7,200 yuan, and a monthly subscription to 720 yuan.

Whether FSD can continue to play the role of "catfish" in the smart driving market remains to be verified by time.