2023 Chongqing Auto Show → Open! Curtain! La! Go shopping on weekends.

Video: Cloth Vision/Zou Le

More than 100 mainstream brands participated in the exhibition

Over 1000 models are displayed on site.

More than 150 new cars are unveiled.

……

This is a "grand event" related to cars

This weekend, go shopping!

Yesterday (9)

2023 (25th) Chongqing International Automobile Exhibition

Opening at Chongqing Yuelai International Expo Center

(The exhibition will last until June 18th)

Chongqing auto show site. Zou le photo

This year’s Chongqing Auto Show consists of

China Council of the Promotion of International Trade, Automotive Industry Committee

Sponsored by China Automobile Industry Association.

It is Chongqing and even the central and western regions.

The largest automobile professional exhibition.

So, what are the highlights of the scene?

Pudding will show you around.

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Video: Bu Vision/Wu Wangyang

Liangda intelligent network connection new energy automobile specialty hall

Show over 300 new energy vehicles.

We have countless imaginations about the future mode of travel, but the continuous innovation and breakthrough of new energy vehicle technology is gradually turning scenes belonging to science fiction scenes into reality.

Intelligent networked new energy vehicle museum. Photo courtesy of the event organizer

At present, Chongqing is accelerating the construction of a world-class intelligent networked new energy automobile industry cluster. This year’s Chongqing Auto Show also responded to changes in industry trends, and built two intelligent networked new energy vehicle pavilions, focusing on more than 300 models of over 40 new energy brands.

Intelligent networked new energy vehicle museum. Zou le photo

At the scene, there are also key core supporting parts such as power batteries and automotive electronics, as well as intelligent network technology, charging and replacing facilities and equipment, which fully demonstrate the new ecology of the new energy automobile industry and show the future automotive technology life scene.

"Made in Chongqing" cars perform brilliantly

Various "black technologies" are the first to see.

● Chongqing’s local brand Changan Deep Blue Auto unveiled its second model, Deep Blue S7. This new car is the first SUV of Deep Blue Auto based on EPA1 all-electric digital platform, and it is planned to be officially launched in June.

Like the first model, Deep Blue SL03, S7 also provides consumers with three models: extended range version, pure electric version and hydrogen version.

Chang ‘an Deep Blue Auto brought its second model, Deep Blue S7, to Chongqing Auto Show. Photo by Wu Wangyang

● Aouita Science and Technology announced at Chongqing Auto Show that the ADS premium function package will be subscribed to all users on June 30th.

The advanced function package of ADS covers urban intelligent driving pilot assistance (CityNCA) and parking service assistance (AVP), which realizes the point-to-point full closed-loop intelligent driving experience covering the whole scene of high-speed, urban area and parking. In addition, Aouita Science and Technology will launch a brand-new model E12 in the second half of the year, and continue to launch two brand-new models next year.

Photo courtesy of the organizer of Aouita 11 event

● Yu Chengdong, managing director of Huawei, CEO of BG and CEO of BU, a smart car solution, announced that the M5 series intelligent driving version of AITO Jiejie is about to start multi-city delivery.

This car is equipped with HUAWEI ADS 2.0 Advanced Intelligent Driving System and HarmonyOS Intelligent Cockpit 3.0, which can provide users with an advanced intelligent driving experience infinitely close to L3.

AITO asks respondents for pictures.

● Ruilan Automobile, also "made in Chongqing", appeared at the Chongqing Auto Show with Ruilan 7 and Ruilan 9, which will be listed soon.

According to the relevant person in charge of Ruilan Automobile, Ruilan 7 is based on the new self-developed GBRC crystal architecture. Equipped with rear driving force layout, equipped with lidar and Geely’s self-developed "Longying No.1" chip.

Ruilan 7 photo by Wu Wangyang

This year’s auto show also featured over 150 new cars, including Lectra 08, Tengshi N7, Tucki G6, smart Elf #3, ZEEKR X and Gaohe HiPhiY.

Automobile and motorcycle joint exhibition

Create a diversified tide play experience scene

Since 2023, China’s leisure tourism has recovered strongly, and the consumption of living services has increased. This year’s Chongqing Auto Show continued the previous session, setting up a motorcycle theme exhibition area with an area of over 5,000 square meters, and tapping personalized consumption needs such as car trips, motorcycle riding, outdoor camping, etc., to create a multi-tidal play experience scene.

Photo courtesy of the organizer of the motorcycle indoor exhibition area

In the indoor exhibition area of motorcycles, imported large-displacement motorcycles such as Harley, BMW, Kawasaki, Ducati, Honda and Yamaha, popular China brand motorcycles such as Sekelon, Wuji, Benda, Excelle, Paifang, Yuantu, Gaojin, Xinyuan, Jialing and Mojiang, and motorcycles such as Suke, Senlan, Yinwei, Jilong, Yttrium Power, and Mocha were invited.

Test drive, modified car display …

One-stop experience of trendy car life

Citizens experience the digital intelligence technology experience cabin on the spot. Photo courtesy of the event organizer

In the outdoor venue, this year’s Chongqing Auto Show has created a dynamic tide play experience scene, and held theme activities such as brand car test drive, modified car display, owner’s self-selling market, driving control challenge, skateboarding competition, children’s model show, children’s painting contest, etc., so that the audience can experience the trendy car life in one stop.

How to view the exhibition?

Click on the link below to know everything.

Take advantage of the weekend and go to the Chongqing Auto Show.

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The exhibition strategy, exhibition service and traffic guide of Chongqing Auto Show 2023 are all ready for you! Everyone is watching.

@ College entrance examination candidates can check the results on June 25, and more arrangements → enroll 1200 students this year! Chongqing College of Traditional Chinese Medicine is listed! Cyberstorm, severely punish according to law! The Supreme Law, the Supreme People’s Procuratorate and the Ministry of Public Security have taken the initiative. Source: Chongqing Release

Text: Xu Linpei

Editor: Levin Yang Xiwen

Disclaimer: In addition to the original content and special instructions, the text and pictures of the pushed manuscript are from the Internet and major mainstream media. Copyright belongs to the original author. If you think the content is infringing, please contact us to delete it.

Copyright: Information Office of Chongqing Municipal People’s Government.

Platform support: People’s Network

Original title: "2023 Chongqing Auto Show → Open! Curtain! La! Wandering at the weekend

Read the original text

Germany: strengthening the application of AI technology and opening up a new road to development

  Since the establishment of the German Artificial Intelligence Research Center (DFKI) in 1988, the German government has been funding artificial intelligence research. Image source: German government website

  The world tide of scientific and technological innovation ⑦

  Our reporter Li Shan

  Artificial intelligence (AI) is a core technology in the future and one of the important driving forces of digital transformation. German AI has strong basic research strength and international competitiveness in self-driving cars, but it has lagged behind the countries leading the market in many other application fields. To this end, Germany has taken many measures to catch up, hoping to become a leading place for the development and application of AI technology and embark on a road of AI development different from that of China and the United States.

  Increase investment and provide a good environment

  In terms of research and development funding for AI, the German government plans to invest 3 billion euros by 2025 to ensure competitiveness on the basis of good research and innovation policies. This guiding role is obvious, and local governments have increased their investment. For example, Lower Saxony decided to invest 17 million euros to expand and develop the branches of the German Artificial Intelligence Research Center (DFKI) in the next five years. In addition, Bosch also announced that it will invest 4 billion euros to develop AI technology by 2021, thus making Bosch an indispensable partner in the field of autonomous driving.

  In terms of talent competition, Germany plans to increase at least 100 professorships in the AI field and establish an ambitious young talent program. However, the situation of AI brain drain in Germany is not optimistic. The salaries provided by countries such as China and the United States for AI experts often reach two to three times that of Germany, plus considerable research funding. In the future, Germany will still face the challenge of shortage of relevant talents.

  In terms of strengthening the construction of scientific research centers, Germany focuses on continuing to develop and expand DFKI, especially the four centers in Berlin, Munich, Dortmund and Tü bingen. At this year’s Hannover Messe, DFKI showed its own AI research achievements in the public expectation, including version 4.0 of Human-Machine Collaboration (MRK4.0), interpretable AI system, digitalization and Internet of Things in the construction industry, wearable health equipment for the workplace, autonomous robots in space, adaptive interactive teaching and learning systems, and so on. In the next step, Germany will gradually establish a national innovation network consisting of 12 artificial intelligence research centers on the basis of DFKI talents.

  Integrating into European Strategy and Developing International Cooperation

  Germany is fully aware that a successful AI development strategy needs to cross national boundaries, and it cannot keep pace with the ambitious development plans of enterprises and research institutions in the United States and China on its own. Therefore, Germany organically combines its AI strategy with that of Europe, strengthens coordination and gives full play to the advantages of international cooperation and division of labor. With the strong support of Germany, CERTLAB has grown rapidly since it was launched in the summer of 2018. It has been supported by more than 2,800 European scientists and has built a strong network.

  The second is to strengthen German-French cooperation. In January 2019, Germany and France signed the Aachen Treaty, and the two sides will carry out extensive research and innovation cooperation, including establishing a German-French artificial intelligence research and innovation network, formulating ethical standards for new technologies in the field of digitalization and digital society, and reaching common values at the international level. The German Federal Ministry of Education and Research (BMBF) regards the R&D and application of AI as a priority area for future scientific and technological cooperation between Germany and France, and hopes to jointly set up AI research projects, institutional interconnection and jointly create a new framework for AI technology transformation with France.

  Once again, it is closely cooperating with Japanese AI research, especially in the field of autonomous driving. In February this year, German Chancellor Angela Merkel visited Japan and reached a consensus with Japanese Prime Minister Shinzo Abe on strengthening cooperation in digitalization and AI between Germany and Japan. On April 16th, Germany and Japan signed a letter of intent to strengthen research cooperation in the field of AI. The German Research Foundation (DFG), the French Research Center (ANR) and the Japan Science and Technology Promotion Agency (JST) jointly funded transnational cooperative research in the AI field, and the first batch of projects will be launched this summer. Germany will also open more AI competence centers to Japan. In the future, Japanese visiting researchers can conduct research in Germany within a certain period of time.

  Finally, through international cooperation, Germany hopes to solve its own data source problem. At present, Germany does not have a competitive data platform in the world, and the data information available for AI is scattered among many enterprises. The market model determines that it is difficult for Germany to integrate a large amount of data in the future. On the one hand, Germany needs to solve the problem of data dispersion, break down the "data barrier" and increase the research and development of distributed AI; On the other hand, we have to hope for international cooperation, strengthen data exchange and sharing for machine learning, and provide a massive information foundation for our own development of AI.

  Find another way to enhance their competitiveness.

  Germany attaches great importance to cultivating the lighthouse effect of AI, actively carries out research in humanities and social sciences, so as to enhance the social influence of AI as soon as possible, emphasizes the necessity of supervision, and conducts social discussions related to AI. With the participation of German experts, on April 8, 2019, the European Commission issued the core requirements for trustworthy AI, hoping that this new ethical norm can enhance people’s trust in the AI industry.

  Germany starts from the field of testing and certification that it has absolute advantages, and actively promoting trust is the premise for people to widely use AI products. DFKI first launched a joint project with the German testing and certification agency Sü ddeutsche Zeitung to certify the AI system for self-driving cars; Then a new certification and digital sovereignty laboratory was established, focusing on the controllability, interpretability, stability, security and fairness of AI. On April 19th, the German Federal Minister of Education and Research Kalicek further proposed that we should consider setting up a testing certification for the "Made in Europe" credible AI. She thought that such a label was a good selling point even in Europe.

  In addition, Germany also attaches great importance to promoting the understanding of AI from all walks of life by popular science and improving the social identity of this new technology. The German Federal Ministry of Education and Research has chosen AI as the theme of the 2019 Science Year, hoping that society, science, economy and politics will have more extensive exchanges on AI. The organizers of the Science Year will explore the working principle of AI in various forms, such as movies, seminars and public participation, shape the future mode of man-machine cooperation, and discuss the ethical issues brought by AI technology and its impact on social life.

  (Science and Technology Daily, Beijing, April 28th)

"Along the way, there are scenery everywhere."

People's Daily Overseas Edition (05th Edition, February 1, 2024)

People’s Daily Overseas Edition (05th Edition, February 1, 2024)

Scenery along the way, story after story, one city with one feature, galloping around the island, exploring the vast sea and sky … As the Spring Festival approaches, a new punching place in Hainan is favored by tourists.

On December 18th, 2023, Hainan Island Tourism Highway was officially opened, which runs through 12 coastal cities and counties, 9 types and 84 sections with different characteristics. There are also 22 headlands, 68 harbors, 216 scenic spots and historical sites, 31 scenic spots and 20 resorts … The Hainan Island Tourism Highway, which is positioned as "National Coast No.1 Scenic Road", connects Hainan’s multi-element and deep-seated nature and nature.

It has been open to traffic for more than one month. What new changes have Hainan Island Tourism Highway brought along the route? The reporter made a visit.

More ways to play

The highway runs parallel to the coast, and more than 30 white giant windmills slowly turn with the wind. In Mulan Bay, Wenchang, Hainan Island Tourism Highway, Zhejiang tourist Xing Xiafei strolled along the beach with his friends, and the shutter sound of his camera kept saying: "The scenery here is so beautiful, and the photos taken are very literary!"

"Come to the tourist highway around the island, these stations must punch in! You can enjoy the beautiful scenery and experience the local characteristics. " After driving around the island for a few days, Xing Xiafei posted the experience of this trip on social platforms, and received praises and comments from many netizens. She said that although time is limited and she can only have a simple look, she has already felt the surprise brought by this road.

Now, various versions of Hainan Island Tour Road Tour Guide are circulating on the Internet. Many citizens and tourists choose to spend their holidays "on the road".

At the campsite of "Yingge Treading Waves" Station in huangliu town, Ledong Li Autonomous County, Hainan Province, tourists are in groups, some enjoying "Yinggehai’s old salt drying skills" and some enjoying the beautiful scenery of Yantian’s "sky". "The name of the station is full of poetry. It incorporates local natural scenery and human characteristics, and it is an attraction in itself!" Yu Xiansheng, a tourist from Beijing, said.

"With the theme of’ Sunrise Peak, Sunset Silver Mountain’ and the sightseeing experience of salt culture, Li culture and fishing culture as the highlights, the’ Yingge Treading the Waves’ station allows visitors to fully enjoy the natural beauty and local Li ethnic customs, and also deeply feel the charm of the non-genetic project of’ Yinggehai old salt drying technology’." Gao Miao, the planning manager of the "Yingge Treading the Waves" station, said.

After the opening of the tourist highway around the island, Gao Miao obviously felt the increase in passenger flow: "The first day of the New Year holiday was busy. We held activities such as free drinking of tea and free trial living in the boat house rooms, hoping to leave a good memory for the self-driving tourists who stopped. "

The other two stations that appeared in the same batch as Yingge Tanlang Station were equally hot. In Danzhou City, Hainan Province, the New Year’s holiday of "Catching Light with Eyes" Station ushered in a small peak of passenger flow. Visitors can not only stay and eat here, but also participate in interesting activities such as picking duck eggs, digging sand worms, feeding snails and weaving fishing nets. With the theme of "volcano", the "Volcano Coast" station connects the surrounding volcano coast geological park, mangrove rock interest, Longmen surf, Lover’s Bay and other viewing platforms in series, attracting many tourists to visit and experience.

"We will continue to improve the service format of the post station, and bring passengers a relaxed, comfortable and fast travel experience through the new mode of’ on the ground, online and on the road’." Huang Xinghai, chairman of Hainan Transportation Investment Holding Co., Ltd. said.

In addition to punching in the characteristic road post station, cycling on the tourist road around the island and camping in RV have also become popular games. In the Danzhou section of the tourist highway around the island, more than 60 motorcycle riders ride freely along the highway, bathing in the sunshine and sea breeze and feeling the charm of the city; At the end of the Changjiang River, tourists in groups of three and five set up awnings along the coast and camp outdoors, which is very pleasant … "Hainan Island Tourism Highway provides tourists with an extremely open and participatory experience, which is an innovative move of Hainan tourism and opens a door for high-quality development of Hainan tourism." Chen Yao, dean of Hainan Tourism Development Research Institute, said.

On January 10th, more than a dozen oil painters from all over the country set out from Haikou City, Hainan Province, and started an 8-day tour of Hainan Island Tourism Highway. In eight days, they completed the sketch tour of Hainan Island Tourism Highway in an RV, and went deep into seven sketch points, covering Mulan Bay, Shanqin Bay, Penang Valley, "Chasing the Light with the Ear" Station, "Singing and Treading on the Waves" Station, "Volcano Coast" Station and farm manor. "Along the way, there are landscapes everywhere, and they are different, and they can all be painted." Wang Lik, former president of Shandong Institute of Art, felt deeply.

One highway, ten thousand customs. In order to let tourists better experience the charm of tourist roads, Hainan has also launched the "Hainan Island Tour Road Self-driving Guide (Version 1.0)" and "Top Ten Wonderful Tours" line products, providing tourists with more theme games such as island humanities, sports and sea-loving, and natural exploration.

Greater opportunity

Hainan’s tourist highway around the island not only brings beautiful scenery, but also brings new opportunities. According to the data, the popularity of go on road trip has been rising recently. Sanya and Haikou rank among the top three in the hot list of self-driving tourist cities on New Year’s Day in China. Car rental orders in the two places increased by more than 50% month-on-month, and nearly 90% of the orders came from foreign tourists.

In Shimei Bay, Wanning, along the tourist highway around the island, visitors can enjoy the natural scenery of the beach and experience sports such as surfing. In the Sun Bay section of Sanya, many new people who tied the knot happily took wedding photos; At the "Volcano Coast" Post Station, Wang Fei, a post-90s boy, opened a tea shop … A road is giving birth to a variety of formats.

"After the opening of the station, we recruited more than 30 employees from surrounding villages and towns." Yan Yongqi, general manager of Hainan Tourism Investment Development Co., Ltd. introduced that after the opening of the "Catch the Light" station, the employment problem of some local villagers was solved. The company also set up an agricultural assistance mechanism according to local conditions, and set up an agricultural product sales exhibition area in the station to help the sales of Danzhou specialty products and agricultural and sideline products, and help villagers increase production and income.

The new atmosphere is not only around the characteristic post station, but the opening of the tourist highway around the island is bringing new changes to the lives of more and more people along the route.

The main line of Lingao section of Hainan Island Tourism Highway starts from Xinying Mangrove National Wetland Park and ends in the southwest of Daotao Village, Chengmai County, with a total length of about 58 kilometers. It connects many tourist attractions, characteristic industrial towns and beautiful countryside along the route. Previously, some villages were close to the sea, and villagers were engaged in offshore fishing. Because of the inconvenient transportation, even if they were adjacent to famous scenic spots, tourists did not know.

Nowadays, the tourist highway around the island has become a road to prosperity, and many tourists are attracted by the fishermen’s customs in the village. "The caught fish is not in demand, and many tourists are waiting to buy seafood at the scene!" Wang Ruoyu, secretary of the Party branch of Changgong Village, Lincheng Town, Lingao County, said, "At present, the village is actively moving closer to the leisure and cultural tourism industry. More than 20 villagers are willing to participate in the development of homestays, and many villagers are building new houses to prepare for homestay and catering business. In addition, the village will also carry out research projects. "

The tourist highway around the island has become a pioneering road. The "Listen to the Wind" B&B run by Chen Maosheng, an entrepreneurial youth in Lingao County and Xincun, is located next to the tourist highway, with a good location and beautiful scenery. The rooms during the Spring Festival have been booked out. "The tourist road around the island has revitalized the tourism resources of the entire western line of Hainan, and now our hotel business is by going up one flight of stairs!" Talking about the future development of B&B, Chen Maosheng is full of confidence.

The tourist highway around the island has become the way home. Wang Jinxia, who works in Haikou, is a villager in Futixi Village, Dongying Town, Lingao County. Her village is a well-known garlic planting village. After the tourist highway around the island was opened to traffic, a foreign enterprise invested in the project of "Wave Small Building Supporting Boat Songs" because of its advantages of being close to the tourist highway. Wang Jinxia returned to the village, found a new job as a store supervisor in the food court, and had a tourist meal at home with the villagers.

"In the future, we will continue to enrich the tourism elements of Binhai International Slow City, promote the transformation and upgrading of fisheries and the transfer of fishermen to other industries, create a unique Lingao highway tourism, and drive people along the line to increase their income and get rich." Wang Kaibo, director of the Tourism, Culture, Radio, Film and Television Sports Bureau of Lingao County, said.

At present, Hainan is actively planning to use the tourist highway around the island to drain water, do a good job in connecting the existing tourism products and resources along the highway, and rely on lighthouses, characteristic fishing villages and beaches along the highway to focus on creating colorful sections of the highway.

More perfect

"I didn’t expect the road around the island to be opened soon, and the infrastructure was so complete." In the parking area of Hongkanling, Qiaotou Town, Chengmai County, Mr. Huang, a tourist, experienced the first fully liquid-cooled super-charging station on the tourist highway around the island. While opening the car charging port, he logged into the "Hainan Charging" WeChat applet with his mobile phone, scanned the code and took the gun, and soon charged the car.

To enjoy the beautiful scenery on the road, a perfect public service package is essential. "There are 70 observation decks and parking areas in the whole line of the tourist highway around the island. At present, 45 observation decks have all been opened to tourists, 21 parking areas have been put into use, and the remaining 4 parking areas are also accelerating construction." Huang Peng, chief engineer of Hainan Provincial Department of Transportation, said that each observation deck has a small parking belt on the roadside for tourists to park temporarily, and some parking areas also have charging parking spaces to replenish new energy vehicles.

"At present, it is still the relatively primary version 1.0 of the tourist highway around the island, and we will continue to upgrade and update it in the future." Huang Peng introduced that in the next step, Hainan will optimize road network coordination, strengthen maintenance management, improve safety and emergency protection, strengthen the linkage between information wisdom and resource development, and deeply promote the "fine decoration" of Hainan’s tourist roads around the island.

Hainan’s tourist highway around the island is characterized by offshore, and a good marine environment is equally important.

"In recent years, Hainan has strengthened the protection and construction of beautiful bays, and the quality of marine ecological environment has continued to improve. In 2023, the water quality in Hainan’s coastal waters was generally excellent." Di Weijie, deputy director of the Department of Ecology and Environment of Hainan Province, said that in order to better protect the beautiful bay, Hainan has coordinated the verification and rectification of sewage outlets into the sea and the prevention and control of mariculture pollution, and has included 1985 sewage outlets into the sea in the supervision list, urging coastal cities and counties to carry out investigation and rectification. At the same time, the mandatory local standard "Aquaculture Tailwater Discharge Standard" will be implemented to further standardize the aquaculture tail water discharge and environmental supervision.

In order to maximize the value of tourist roads around the island, on December 25, 2023, the Interim Measures for the Management of Tourist Roads in Hainan Province was officially promulgated to systematically guide and standardize the development of tourist roads. Hainan will also draw up plans to lead the development of tourism, such as the Industrial Development Plan of Tourism Highway Around the Island Version 2.0, the Development Plan of Kangyang Tourism Industry, and the Tourism Product System Plan of Tropical Rainforest National Park Belt around Hainan.

On January 17th, Hainan Provincial Department of Tourism, Culture, Radio, Film and Sports released the LOGO (logo) of Hainan Island Tourism Highway-"Pearl of the South China Sea" to the world. In LOGO modeling, the combination of waves and roads looks like a crown and a beautiful garland, and the billowing waves seem to hold up a pearl. "We hope to enhance the awareness and recognition of the external image of Hainan Island Tourism Highway through brand identification." According to the relevant person in charge of the Tourism Department of Hainan Province, this year, Hainan will carry out the publicity and promotion of Hainan Island Tourism Highway (version 1.0), hold the theme contest of "Finding Wonderful Four Seasons" and other activities, and strive to "brand" the island tourism highway, coastal attractions and post stations, attract more tourists to the "pearl necklace" of the island tourism highway, and strive to build a "golden signboard" of Hainan International Tourism Consumption Center.

The latest voice of the central bank! It is related to real estate, rectification of platform enterprises, RMB exchange rate …

  BEIJING, Jan. 13 (Zhongxin Finance Shao Wanyun) On the 13th, the State Council Office held a press conference on financial statistics in 2022, and the relevant person in charge of the central bank responded to issues such as real estate, rectification of platform enterprises, RMB exchange rate, inflation and digital RMB.

  Introduce structural tools to focus on supporting the smooth operation of the real estate market.

  Zou Lan, director of the Monetary Policy Department of the People’s Bank of China, said at the meeting that we are studying and launching several other structural tools recently, which mainly focus on supporting the smooth operation of the real estate market, including the Baojiaolou loan support plan, the housing lease loan support plan and the private enterprise bond financing support tool, etc., and we will make some detailed disclosure and release after the introduction.

  In addition, at the end of September last year, the People’s Bank of China and China Banking and Insurance Regulatory Commission issued a notice, clarifying that eligible city governments can decide to relax the lower limit of the interest rate of the newly issued first home loan in stages in the fourth quarter. Zou Lan introduced that the interest rate of new personal housing loans in December was 4.26% nationwide, which was the lowest level in history since statistics were available in 2008.

  Zou Lan also said that in view of some adjustments in the real estate market, the People’s Bank of China, together with relevant departments, made efforts from both supply and demand in accordance with the deployment of the CPC Central Committee and the State Council to promote the smooth operation of the real estate market. With the effects of relevant policies gradually emerging, the financing environment of the real estate industry, especially high-quality housing enterprises, has improved significantly in recent days. From the data, from September to November last year, real estate development loans increased by more than 170 billion yuan, an increase of more than 200 billion yuan year-on-year. In the fourth quarter of last year, domestic real estate corporate bonds issued more than 120 billion yuan, a year-on-year increase of 22%.

  In terms of risk prevention, the relevant departments drafted the Action Plan for Improving the Balance Sheet Plan of Quality Housing Enterprises. The action plan focuses on high-quality real estate enterprises that focus on their main business, operate in compliance, have good qualifications and have certain systemic importance, and focuses on promoting 21 tasks in four aspects: "asset activation", "debt continuation", "equity supplement" and "expected promotion", comprehensively implementing policies to improve the cash flow of high-quality real estate enterprises and guide the balance sheets of high-quality real estate enterprises to return to a safe range. The plan sets the conditions for high-quality housing enterprises, and there is no specific list, which is independently grasped by financial institutions.

  The rectification of 14 large-scale platform enterprises such as Ant Group has been basically completed.

  Ma Jianyang, head of the Financial Markets Department of the People’s Bank of China, said that since November 2020, the financial management department has guided and urged 14 large-scale platform enterprises such as Ant Group to carry out solid rectification in view of the outstanding problems in the past financial business, such as unlicensed operation, regulatory arbitrage, disorderly expansion and infringement on consumers’ rights and interests. At present, most problems have been basically rectified, large-scale platform enterprises operate in compliance and compete fairly, consumer protection awareness has been significantly enhanced, and financial business has been continuously standardized.

  At the same time, the financial management department has issued a series of targeted institutional documents in the fields of third-party payment, personal credit investigation, Internet deposit, insurance, securities, funds, etc., and the regulatory framework for the normalization of financial business of platform enterprises has been initially formed, laying a good institutional foundation for the subsequent normalization supervision.

  Ma Yuyang said that in the next step, the financial management department will conscientiously implement the spirit of the 20th National Congress of the Communist Party of China and the Central Economic Work Conference, adhere to the "two unwavering", pay equal attention to development and standardization, and support the healthy development of the platform economy.

  First, continue to push relevant platform enterprises to speed up the rectification of the remaining few problems, and complete the rectification work from the beginning to the end. The second is to improve the level of normalized supervision, further improve the regulatory system and mechanism, strengthen the construction of regulatory scientific and technological strength, support platform enterprises to operate in compliance, develop financial business prudently, and have zero tolerance for illegal financial activities. The third is to study and formulate financial support measures to promote the healthy development of platform economy, support platform enterprises to improve their scientific and technological innovation ability and service quality and efficiency, consolidate and enhance their international competitiveness, and show their talents in leading development, creating jobs and international competition.

  It is predicted that China’s inflation level will remain moderate in 2023.

  Zou Lan said that from a global perspective, last year experienced a wave of high inflation that had never happened in decades. In sharp contrast, China maintained the basic stability of the price level, which was not easy. In the past five years and ten years, the average annual increase of consumer prices in China has remained at around 2%. This fully proves the superiority of China’s socialist system and the effectiveness of macro-control.

  Zou Lan mentioned that in 2023, China’s inflation level is expected to remain moderate overall, but we should also pay attention to the potential possibility of inflation rebound.

  On the one hand, China’s overall supply is abundant, demand is still recovering, and there was no excess currency in the past, so inflation is expected to remain stable. At present, China’s economy is still in the process of recovery and development, the industrial chain and supply chain are running smoothly, the lack of effective demand is still the main contradiction, and the output gap is still negative. In the short term, inflationary pressure is generally controllable. In the medium and long term, China is one of the major producers in the world, with a generally balanced economic supply and demand, stable monetary policy and stable inflation expectations of residents, which has favorable conditions for maintaining a basically stable price level.

  On the other hand, the uncertainty of price trend still exists, so we should not take the inflation situation lightly, and pay close attention to the potential of its future warming. Domestically, China’s M2 growth rate has been in a relatively high position for some time, which does not rule out that the impact on prices is lagging behind. With the optimization of epidemic prevention and control measures, residents’ consumption kinetic energy will be gradually released, and the total demand tends to heat up, which may also be accompanied by some upward pressure of inflation. From an international perspective, geopolitical conflicts still disturb the global energy supply, and inflation in developed economies is still at a high level, so imported pressures also need to be vigilant.

  In the next stage, the People’s Bank of China will adhere to the general tone of striving for progress while maintaining stability, organically combine the implementation of the strategy of expanding domestic demand with the deepening of structural reform on the supply side, give prominence to the work of stabilizing growth, employment and prices, maintain a prudent monetary policy that is precise and powerful, give consideration to short-term and long-term economic growth and price stability, internal balance and external balance, strengthen coordination and cooperation among policies, and promote the effective improvement of quality and reasonable growth of the economy.

  Increase credit support for private small and micro enterprises

  Ma Jianyang mentioned that in recent years, due to the repeated impact of the epidemic and the unstable international situation, China’s economy is facing greater downward pressure, making it more difficult for private enterprises to operate. The People’s Bank of China has continuously improved the financing environment of private small and micro enterprises by innovating structural monetary policy tools, improving credit support policies and broadening diversified financing channels.

  In the next step, the People’s Bank of China will adhere to the problem orientation, focus on social concerns, guide financial institutions to treat all types of ownership enterprises equally, and create a better financial environment for the development and growth of private economy and private enterprises.

  First, further increase credit support for private small and micro enterprises, continue to make good use of structural tools and increase efforts. The second is to further expand the scale of private enterprise bond financing. The third is to further improve the financial service level of private small and micro enterprises. The fourth is to further promote the standardized and healthy development of platform enterprises.

  Keep the RMB exchange rate basically stable at a reasonable and balanced level.

  Since 2022, major developed economies such as the United States, the euro zone and the United Kingdom have substantially tightened monetary policy and raised interest rates, which has had a tightening effect on the global financial system, and cross-border funds in emerging market economies are facing outflow pressure.

  Xuan Changneng, deputy governor of the People’s Bank of China, said that the market has certain expectations for the Fed to raise interest rates in 2023. The autonomy and stability of China’s financial system are enhanced, and the expected stability of RMB exchange rate is helpful to buffer and cope with external risks, especially the spillover effect brought by interest rate hikes in developed economies. Generally speaking, the adjustment of monetary policy in developed economies has limited impact on China, and may have greater impact on other smaller emerging market economies.

  With regard to the RMB exchange rate situation, since mid-November, 2022, with the effectiveness of domestic policies and measures to stabilize the economy, measures to optimize epidemic prevention and control and financial support for real estate policies have been introduced one after another, and the market expects that the Federal Reserve will slow down the pace of raising interest rates, the US dollar index has dropped to a high level, and the RMB exchange rate against the US dollar has gradually turned to an appreciation trend. On December 5, the spot exchange rate rose back to within 7.0.

  Xuan Changneng said that the current and future trend of RMB exchange rate will be affected by multiple factors such as domestic and international economic and financial situation, balance of payments, market risk preference, etc., and short-term uncertainty is inevitable. Generally speaking, there is a solid foundation for maintaining basic stability.

  Recently, China’s economy has generally continued to recover, and the epidemic prevention and control has been dynamically optimized. In the context of high global inflation, we have maintained the basic stability of prices. Considering the decline in the economic prosperity index of major economies, the growth rate of China’s trade surplus may have slowed down. Under the comprehensive action of various forces, China’s RMB exchange rate will generally maintain a stable operation. After years of financial reform and opening up, the depth and breadth of China’s foreign exchange market have been greatly improved, the flexibility of RMB exchange rate has been enhanced, market expectations have been stable, cross-border capital flows have been orderly, and international payments have been independently balanced. The RMB exchange rate will continue to remain basically stable at a reasonable and balanced level.

  Digital RMB into M0

  From December, 2022, financial statistics will include digital RMB data in M0 (currency in circulation) statistics.

  In this regard, Xuan Changneng said that the digital RMB is the legal tender in digital form issued by the People’s Bank of China, and like the physical RMB, it is essentially a monetary component. From the point of view of statistics and management, it is necessary to make statistics, combined analysis and overall management of the two.

  Xuan Changneng further stated that in recent years, with the gradual deepening of the digital RMB pilot, the application scenarios of digital RMB have steadily expanded, the transaction amount and stock have also increased, and the relevant management and statistical systems have been continuously improved. Incorporating digital RMB into M0 statistics can more accurately reflect the overall size of currency in circulation. By the end of 2022, the stock of digital RMB in circulation was 13.61 billion yuan, and the year-on-year growth rate of M0 was 15.3% after it was included. (End)