Xiaomi car is coming? Xinjiang road test was photographed.

Xiaomi Automobile, which disappeared from Lei Jun’s fourth annual speech, has recently emerged on social platforms.

An online posting is eye-catching. On the 18th, boss Jia Wei, a blogger of Xiaohongshu, said that he met four Xiaomi cars on the urban expressway from Urumqi to Changji. He said that Xiaomi’s posture is really good, equipped with yellow calipers and sharp interior center console edges.

One day later, on the afternoon of August 19th, Lei Jun released a Weibo, saying that he would test the Leica optics, four shots and five focal lengths of Xiaomi MIX Fold 3. The photo was taken beautifully, and it also showed the shooting ability of Xiaomi MIX Fold 3. However, careful netizens found that Lei Jun’s IP territory of Weibo at that time was in Xinjiang.

At the same time, Lu Weibing, president of Xiaomi Group, also sent a Weibo in Xinjiang with the caption: "Two people are in pairs".

Seeing that the two men were writing at the same time, netizens suddenly felt "enlightened" and began to guess that Xiaomi’s executives were gathering in Xinjiang to do something big. Attentive netizens found that after enlarging the photo taken with Lei Jun when he sent Weibo, the slogan of everyone holding banners was "Fight for Xiaomi Automobile".

From this blatant hint, everyone also speculated that Xiaomi car is about to go public.

In addition, Hu Yinan, the investment partner of Shunwei Capital of Leijun Shenchuang Investment Company, was also suspected to test drive Xiaomi Automobile on the 19th.

He posted a Weibo saying that he was tricked by engineers. At eight o’clock in the evening, he threw a tram with a remaining battery life of 152 kilometers and asked him to take three strong men back to their destination 85 kilometers away, with an ambient temperature of 37 degrees. After arriving at the destination, the remaining mileage shows that there are still 90 kilometers, and the energy consumption is 8.8 kWh.

Hu Zhengnan said: "I simply underestimate my golden right foot and step on a straight line for you. Anyone who wants to see a joke can’t laugh. 」

A few days ago, a group of photos suspected of Xiaomi car battery pack information circulated. According to the picture information, the battery pack has a capacity of 101kWh and a weight of 642kg. The rated voltage is 726.7V, and the rated capacity is 139Ah. The battery is Contemporary Amperex Technology Co., Limited’s Kirin battery.

Combined with these two groups of news, this tram with 800V high-voltage fast charging technology driven by Hu Zhengnan may really be a Xiaomi car.

Alex, a digital blogger, analyzed the driving performance of cars. He said that this set of data is horrible: "It is really strong to be able to maintain 8.8 kWh/100 km within 50 km in an environment of four people and 37 degrees. Moreover, from the curve, most of the time it is accelerating, or even accelerating sharply, and only the last 10 kilometers have a little kinetic energy recovery …800V can achieve this power consumption, which is a bit scary. 」

If Hu Yinan’s data is true, Xiaomi’s 8.8-degree 100-kilometer power consumption is really amazing.

Comparing with the popular trams equipped with 800V platform in the market, the power consumption of Tucki G6 is about 13-15 degrees, that of Lotus Eletre is about 21.53 degrees, and that of Extreme Fox Alfa S is about 17.1 degrees.

The small trams Hongguang MINIEV and Baojun KiWi EV only consume 8 degrees and 11.8 degrees of electricity per 100 kilometers.

In terms of price and delivery, digital blogger Hao Bo broke the news. He said: "Xiaomi Auto will be released at the end of the year and will be delivered in the first quarter of next year. The price is currently set at 180,000, focusing on intelligent driving, and there will be a slightly higher-priced intelligent driving version. 」

Lei Jun did not talk about the concrete progress of Xiaomi’s car-making plan at the annual speech. It is more reliable to say that the first half of next year is the official release opportunity of Xiaomi Automobile, according to the new trip He Lei.

In May of this year, Lu Weibing, president of Xiaomi Group, also revealed that Xiaomi Automobile will be officially listed in the first half of 2024. At the same time, Xiaomi’s official timetable to the outside world has also been listed in the first half of 2024.

As for why Lei Jun didn’t talk about building a car, the reason is still trapped in qualifications. He Lei said: "The original plan did announce something about Xiaomi, but we need to be silent before the qualification is officially down. 」

Judging from the hints of bloggers’ "concentrated disclosure" and Xiaomi executives’ "beating around the bush", it seems that Xiaomi Auto will be listed soon. At least, in this series of actions, we see that Xiaomi is confident in the car-making business. In addition, the market is also full of expectations for the listing of Xiaomi Automobile.

Green answer sheet | Fight the battle of clear water! Construct a new pattern of cross-basin and cross-regional coordinated water control, and continuously improve the national water ecology.

  CCTV News:In addition to the blue sky defense war, as another key battle of pollution prevention and control, the clear water defense war also started one after another during the "Thirteenth Five-Year Plan" period, and the national water environment continued to improve by continuing to carry out water pollution prevention and control in key river basins, starting the protection of drinking water sources, and controlling urban black and odorous water bodies.

  This "Yichang Baojie No.11" arrived at the stern of the "Hongrui No.2" transshipment ship according to the agreed time, and was ready to start receiving domestic sewage after connecting the water pipe.

  Yichang has 232 kilometers of the Yangtze River, accounting for nearly one tenth of the main channel of the Yangtze River. Every year, 60,000 sub-ships are waiting for parking or transshipment here, which is a high gathering place for receiving, transshipment and disposal of ship pollutants. Through this cooperative treatment system of ship pollutants, the whole process of ship pollutants handover, transshipment and disposal can be completed and monitored in real time. Ten specialized docks for ship pollutants can handle all ship wastes.

  The application of high-tech means has also helped China’s water ecological management to enter a new stage. In Baiyangdian, xiong’an new area, Hebei Province, a water laboratory with "integration of heaven and earth" ecological monitoring is conducting daily monitoring on the water quality in Baiyangdian District. UAV monitoring in the air, unmanned ship sampling in the water, and the sampling data are transmitted back to the first time through 5G signals. The water quality monitoring equipment on board can quickly analyze 14 water quality indexes such as chemical oxygen demand, ammonia nitrogen, total phosphorus and algae density.

  The latest release of the Ministry of Ecology and Environment shows that the water quality of key river basins such as the Yangtze River and the Yellow River in China is stable at present. In terms of pollution control, China is building a new pattern of cross-basin and cross-regional collaborative water control. The ecological environment management in the Yangtze River Economic Belt has established a coordinated protection system and mechanism. Recently, three provinces and one city in the Yangtze River Delta jointly launched nine major projects in the field of comprehensive management of Taihu Lake basin and water environment.

Experts say it is beneficial to the practicality of foreign languages to cancel professional titles in many places.

  BEIJING, Beijing, December 23 (Lv Chunrong) Recently, Anhui made it clear that the national English proficiency test will be cancelled in 2017. As soon as the news came out, it aroused public concern about the abolition of English tests such as "English Band 4 and Band 6". College entrance examination English, CET-4 and CET-6, postgraduate entrance examination English, and professional title English … … How should the various English tests in China be reformed in the future?

  Will it be a trend for Anhui to cancel the national English proficiency test?

  A few days ago, Anhui Education Admissions Examination Institute issued a notice: According to the actual situation of the development of the national English proficiency test in Anhui Province, the national English proficiency test in Anhui Province will stop in 2017. As soon as the news came out, some netizens interpreted this as "Anhui will cancel the CET-4 and CET-6". After the official voice clarified, Anhui only canceled the national English proficiency test, not the CET-4 and CET-6.

  It is understood that the English name of the National English Test is Public English Test System (PETS), which is designed and implemented by the Examination Center of the Ministry of Education. Candidates, regardless of age, education, household registration and other backgrounds, can choose their own level as long as they have a certain English foundation.

  As the first province in China to cancel the national English proficiency test, why did Anhui stop the national English proficiency test? A few days ago, the relevant person in charge of the Anhui Education Admissions Examination Institute responded, "Because the number of people taking exams in our province has decreased in recent years. According to the actual examination work, after careful consideration, our province decided to stop this examination. "

  Xiong Bingqi, vice president of 21st Century Education Research Institute, analyzed in an interview with Zhongxin. com that the National English Test is a socialized test, and candidates can choose to take it. However, in recent years, because employers don’t care much about the test, not only Anhui, but also the number of applicants from all over the country is small.

  Cancel the title of English test expert in many places: it is beneficial to the practical use of foreign languages

  Different from the "minority" national English test, the English test for professional titles has received more attention, but it is also facing the possibility of being cancelled.

  In the view of Lin Ping, a special primary school teacher in Quanzhou, Fujian, the English title examination should be cancelled, which is of little use to practical work. She introduced that in order to evaluate the professional title, it took a lot of effort to pass the English professional title exam, which was not only time-consuming and laborious, but also cost a lot of money.

  It has become the consensus of many people to cancel the English test for professional titles. In March this year, the "Opinions on Deepening the Reform of the System and Mechanism of Talent Development" issued by the Central Committee clearly stated that the leading role of the employer in the evaluation of professional titles should be highlighted, the evaluation authority of professional titles should be reasonably defined and decentralized, and the independent evaluation of universities, research institutes and state-owned enterprises should be promoted; There is no uniform requirement for the professional title foreign language and computer application ability test.

  The reporter of Zhongxin. com noted that at present, at least Beijing, Guangdong, Henan, Shandong, Jiangsu and other places in China have issued policies to cancel the rigid requirements of foreign language examination for professional titles, and make it clear that "foreign languages for professional titles are not required uniformly" or "foreign languages for professional titles are not a necessary condition for job evaluation".

  Some people point out that the assessment of "English ability" was included in the professional title examination because different people were engaged in different jobs and it was difficult to establish standards. Therefore, it was both difficult and operational to adopt the unified English examination. In this regard, Xiong Bingqi analyzed that the English test for professional titles is led by the administration, and it is unreasonable to evaluate professional titles only after passing the test. Units should also assess employees’ actual working ability according to job requirements.

  Wang Xiaochu, then deputy director of the Ministry of Human Resources and Social Security, also said that the reform of foreign language titles has been carried out in an orderly manner, and the pilot direction has been divided according to different professional fields. In some cases, it is not possible to avoid the test and prevent one-size-fits-all and formalism. The reform will make the foreign language of professional titles more practical and effective for practical work.

  Should CET-4 and CET-6 also be socialized?

  Similarly, as one of the popular English tests, CET-4 and CET-6 have also been controversial in recent years. "Cheating problem", "CET-4 and CET-6 are linked to degrees" and "students care about certificates rather than abilities". Many problems derived from CET-4 and CET-6 also make many people call for their socialization. Like TOEFL, IELTS and GRE, students can choose according to their personal needs.

  Some experts have pointed out that CET-4 and CET-6 have played an important role in promoting and improving the English level of college students and the quality of school teaching in China. However, with the development of society, science and technology and education, CET-4 and CET-6 can no longer meet the needs of the country for the quality of personnel training, and this examination has become an obstacle to deepening the reform of college English teaching.

  Xiong Bingqi suggested that CET-4 and CET-6 should be socialized. He pointed out that there are always scandals such as cheating in exams, which shows that there are problems in the current exams. Under the administrative-led reasons, without the participation of social organizations, the quality and credibility of the exams are gradually weakened.

  The national English proficiency test will be launched before 2020.

  College entrance examination English, CET-4 and CET-6 English, and professional title English … … At different stages of life, many people will encounter English exams with different forms, backgrounds and purposes. Can many English tests be unified into one test?

  In this regard, some people think that it is difficult to meet all the needs with a ruler in setting up a unified English-speaking national examination. A unified English proficiency test should avoid the tendency of homogenization of English education, and should also consider how to reform the existing examination system, teaching mode, teaching materials and examinations.

  The Ministry of Education announced in November this year that the main body of the China English Proficiency Scale has been developed, and the National English Proficiency Test is planned to be gradually launched before 2020. This means that China will establish a unified English assessment system in the future.

  Lin Huiqing, Vice Minister of Education, previously revealed that the main body of the China English Proficiency Scale has been developed, and it is expected to be officially released in 2017. This is the first competency standard covering English teaching, learning and assessment at all stages of education in China. It will help to solve the problems of different English test standards, separation of teaching and testing objectives and incoherent teaching objectives at all stages in China, and realize "one-stop" English teaching and mutual recognition of various learning achievements.

  Liu Jianda, vice president of Guangdong University of Foreign Studies, also revealed to the media that the newly formulated rating scale will be divided into nine grades. Among them, Grade 1 and Grade 2 roughly correspond to the primary school level, Grade 3 corresponds to junior high school, Grade 4 corresponds to senior high school, Grade 5 and Grade 6 corresponds to universities, Grade 7 corresponds to English majors, and Grade 8 and Grade 9 correspond to high-end foreign language talents.

  "This level of examination standard can also be used for multiple purposes, reducing repeated examinations and meeting various needs such as teaching evaluation, further studies and employment." Liu Jianda said. (End)

"Planning for this period" property market loosening: challenges and opportunities coexist

  China xiaokang. com exclusive feature

  Text | "Xiaokang" China Xiaokang.com reporter Mai Yuhua

  "Living and living in peace and contentment" has always been a great concern of China people. Recently, the national property market as a whole has shown a trend of falling volume and price. Facing the new situation, the real estate market optimization and adjustment policies are frequent from the central government to the local government to consolidate the sustainable development of the property market.

  We should adjust and optimize the real estate policy in a timely manner; We will implement policies and measures such as reducing the down payment ratio and loan interest rate for the purchase of the first home, reducing taxes and fees for the purchase of improved housing, and "recognizing the house without repaying the loan" for personal housing loans; Precise implementation of differentiated housing credit policies due to city policies … Recently, the relevant departments of the central government frequently optimize and adjust the real estate market.

  The central government set the tone, and local governments responded. Many cities in the first, second and third tiers loosened restrictive housing purchase policies and continuously optimized real estate control policies. Among them, Beijing, Shenzhen, Guangzhou, Shanghai and other first-tier cities have voiced their voices, saying that they will support residents’ rigid and improved housing needs in light of their own real estate conditions. Second-and third-tier cities have also introduced policies: more than 10 cities such as Changsha, Qingdao and Hefei have relaxed their loan restrictions; Changzhou, Wuxi and other cities relaxed the price limit; Zhengzhou, Xiamen, Qingdao and other cities have relaxed restrictions on sales …

  "Living and living in peace and contentment" has always been a part of China people’s concern. The change of the real estate market is the embodiment of the economic and social development on the macro level, and it also affects the value of the just-needed residence of everyone in China on the micro level. Therefore, under the new adjustment cycle, both the central and local governments have actively and continuously introduced various new policies to loosen the property market in order to develop. What impact will these new policies have on the real estate market? What challenges and opportunities do housing enterprises and individuals face?

  The national property market as a whole shows a trend of falling volume and price.

  Recently, the National Bureau of Statistics released "Basic Situation of National Real Estate Market from January to July 2023" and "Changes in Sales Price of Commercial Housing in 70 Large and Medium-sized Cities in July 2023". Judging from the completion of real estate development investment, from January to July 2023, the national real estate development investment was 6,771.7 billion yuan, down 8.5% year-on-year; Among them, residential investment was 5,148.5 billion yuan, down 7.6%. It can be seen that the investment in real estate development generally shows a downward trend.

  Judging from the sales and sale of commercial housing, from January to July 2023, the sales area of commercial housing was 665.63 million square meters, down 6.5% year-on-year, of which the sales area of residential housing decreased by 4.3%. The sales of commercial housing was 7,045 billion yuan, down by 1.5%, of which residential sales increased by 0.7%. Except for the slight increase in residential sales year-on-year, the rest of the data showed a downward trend. Geographically, the increase in residential sales is mainly due to the 3% year-on-year increase in commercial housing sales in the eastern region including Beijing, Tianjin, Hebei, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong and Hainan. However, residential sales in central, western and northeastern regions all decreased year-on-year. Among them, the sales of commercial housing in the central region decreased by 9.5% year-on-year.

  Judging from the changes in the sales price of commercial housing in 70 large and medium-sized cities released by the National Bureau of Statistics, the sales price of commercial housing fluctuated slightly in July 2023. Sheng Guoqing, chief statistician of the Urban Department of the National Bureau of Statistics, explained that the sales price of commercial housing in 70 large and medium-sized cities has increased, and the number of cities has decreased. The sales price of commercial housing in each city has remained flat or decreased, and it has increased and decreased year-on-year.

  The data shows that in July 2023, among the 70 large and medium-sized cities, the sales prices of newly-built commercial housing and second-hand housing increased by 20 and 6 respectively, which was 11 and 1 less than that in June 2023.

  "The sales prices of commercial residential buildings in cities in various lines decreased slightly from the previous month. From the perspective of new commercial housing, in July, the sales price of new commercial housing in first-tier cities was flat for two consecutive months, with Beijing and Shanghai rising by 0.4% and 0.2% respectively, and Guangzhou and Shenzhen dropping by 0.2% and 0.6% respectively. The sales price of new commercial housing in second-tier cities changed from flat last month to a decrease of 0.2%; The sales price of new commercial housing in third-tier cities decreased by 0.3% month-on-month, and the decline rate was 0.2 percentage points higher than that of last month. From the perspective of second-hand housing, in July, the sales price of second-hand housing in first-tier cities decreased by 0.8% month-on-month, and the decline was 0.1 percentage points higher than that of the previous month; The sales price of second-hand residential buildings in second-tier cities decreased by 0.5% month-on-month, and the decline rate was 0.1 percentage points higher than that of last month; The sales price of second-hand residential buildings in third-tier cities decreased by 0.4% month-on-month, the same as last month. " Sheng Guoqing said.

  The sales prices of commercial housing in cities of all lines have increased and decreased year-on-year. In July 2023, among 70 large and medium-sized cities, the sales prices of newly-built commercial housing and second-hand housing increased year-on-year, with 26 and 5 cities respectively, one less than that in June 2023.

  According to the interpretation of the National Day, in July 2023, the sales price of new commercial housing in first-and second-tier cities increased by 1.0% and 0.2% respectively year-on-year, and the growth rate dropped by 0.3 percentage points from the previous month; The sales price of new commercial housing in third-tier cities decreased by 1.5% year-on-year, and the decline rate was 0.1 percentage point higher than that of last month. In July 2023, the sales prices of second-hand houses in first-,second-and third-tier cities decreased by 1.4%, 2.7% and 3.5% year-on-year, respectively, and the decline rates increased by 1.0, 0.3 and 0.1 percentage points compared with the previous month.

  "In my opinion, there are several main reasons for the recent decline in real estate prices." Feng Jianlin, chief economist of Beijing Fushengde Information Consulting Co., Ltd. believes that in the medium and long term, the real estate industry has entered a downward channel, and the relationship between supply and demand and price expectations have changed. Everyone buys up and does not buy down. In the medium term, the economy is still recovering, and the employment and income expectations of residents are weak. In the short term, some large real estate enterprises have financial crisis, which makes all parties have doubts about whether they can get the house or not.

  "From a policy perspective, everyone expects the policy to be adjusted, and the mortgage down payment and interest rate may be lowered. These policies are slowly coming out, and some people may be waiting. The property market continues to be depressed and the downward pressure is increasing, which has a wide and far-reaching impact. For the country, the overall economic situation has been dragged down, affecting taxation and land transfer, and affecting the construction industry and employment. For developers, the pressure of capital turnover is great, and the operation is more difficult, so it is necessary to promote the payment as much as possible. For an individual, if he is buying a new house, he may choose to wait and see and wait for the house price to go down before buying. For second-hand housing transactions, both buyers and sellers may have price reduction expectations. " Feng Jianlin said.

  

  In the future, China will adjust and optimize the real estate policy in a timely manner, and make good use of the relevant policy toolbox to better meet the rigid and improved housing needs of residents and promote the stable and healthy development of the real estate market. Mai yuhua/photo

  The central government issued effective policies in time to prevent risks.

  There is an objective relationship between the stable and healthy development of the real estate market and the economic growth of China. Therefore, in the past three years, the real estate industry has continuously implemented the central government’s prevention and resolution of risks in key areas, and at the same time, all localities have effectively responded to the downward pressure on the real estate industry due to urban policies.

  On July 24th, the Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting. The meeting pointed out that it is necessary to effectively prevent and resolve risks in key areas, adapt to the new situation in which the relationship between supply and demand in China’s real estate market has undergone major changes, adjust and optimize real estate policies in a timely manner, and make good use of the policy toolbox because of the city’s policy to better meet the rigid and improved housing needs of residents and promote the stable and healthy development of the real estate market. The meeting proposed for the first time to adjust and optimize the real estate policy in a timely manner.

  At the end of July, Ni Hong, Minister of Housing and Urban-Rural Development, said that he strongly supported the demand for rigid and improved housing, and further implemented policies and measures such as reducing the down payment ratio and loan interest rate for the first home purchase, reducing taxes and fees for the purchase of improved housing, and "recognizing housing without repaying loans" for personal housing loans; Continue to do a good job in ensuring the delivery of buildings, speed up the delivery of project construction, and effectively protect the legitimate rights and interests of the people. This is not only the implementation of "timely adjustment and optimization of real estate policy", but also the key guiding significance for local policy adjustment. On July 26, the State Administration of Taxation issued guidelines on relevant preferential tax policies in recent years, involving deed tax and value-added tax on individual house purchases.

  On August 1st, the People’s Bank of China and the State Administration of Foreign Exchange stated that they should accurately implement differentiated housing credit policies due to the city’s policy and continue to guide the downward trend of individual housing loan interest rates and down payment ratio. Guide commercial banks to adjust the interest rate of existing individual housing loans in an orderly manner according to law. On August 3rd, Pan Gongsheng, Party Secretary and President of China People’s Bank, presided over a symposium on financial support for the development of private enterprises. Pan Gongsheng demanded that differentiated housing credit policies should be accurately implemented to meet the reasonable financing needs of private real estate enterprises and promote the stable and healthy development of the real estate industry.

  Chen Jia, an independent international strategy researcher, believes that the central government is far-sighted and timely puts forward a scientific judgment of "adapting to the new situation in which the supply and demand relationship in China’s real estate market has undergone major changes". Under the guidance of this judgment, in the future, China will adjust and optimize the real estate policy in a timely manner, and make good use of the relevant policy toolbox to better meet the rigid and improved housing needs of residents and promote the stable and healthy development of the real estate market.

  "From the perspective of specific grasping, there are currently three main directions. First, the construction and supply of affordable housing; Second, the reconstruction of villages in cities and the construction of public infrastructure for both peacetime and emergency use; The third is the revitalization of all kinds of idle real estate. " Chen Jia said.

  He also believes that from the analysis of the latest real estate policy spirit of the central government and various parts, the central government has a clear and clear positioning for the economic growth pulling effect of the stable and healthy development of the real estate industry under the new era and new requirements. In particular, under the new situation, there is a clearer and clearer strategic direction on how to adjust and optimize the real estate regulation and control policies, innovate the policy toolbox according to local conditions, promote the real estate industry to speed up the risk clearing, improve the effective investment in real estate, and promote the consumption of related industrial chains such as home decoration.

  Feng Jianlin said that it is very necessary to lower the mortgage interest rate and down payment. The effectiveness of the policy should still be expected. The main reason is that if the second home down payment and interest rate are lowered, it will help to release the demand for improvement. At present, two-thirds of China’s population are permanent residents in cities and towns, and there are a lot of improvement needs in these populations.

  "The policy of lowering the second home loan interest rate and down payment should be introduced as soon as possible. At the same time, the strength of this policy should be greater. If we continue to hesitate and squeeze toothpaste, we may miss the opportunity, let the market continue to cool down, and let the industry and the whole economy bear greater pressure and risks. Timely adjust and optimize the real estate policy’. I personally understand that this’ timely’ is now. This’ adjustment and optimization’ requires a certain degree of strength. Only by timely introducing strong policies can we achieve the goal of preventing and resolving risks. " Feng Jianlin said.

  Different cities boost market confidence because of city policies

  From the central government to the local government, whether it is first-tier cities or second-and third-tier cities, the real estate market optimization and adjustment policies are frequent everywhere to consolidate the sustainable development of the property market. Fu Linghui, spokesperson of the National Bureau of Statistics and director of the National Economic Statistics Department, pointed out that recently, the first-tier cities in the north, Guangzhou and Shenzhen have voiced their voices intensively, saying that they should support and better meet the demand for rigid and improved housing. Some second-and third-tier cities are also introducing new real estate control policies, and the adjustment and optimization of local real estate policies will help boost market confidence. With the economic recovery improving, residents’ income increasing, and the real estate market adjustment and optimization policy effective, residents’ housing consumption and housing enterprises’ willingness to invest are expected to gradually improve.

  At present, all kinds of cities are planning to adjust their real estate policies. Among them, first-tier cities quickly voiced their voices after the "timely adjustment and optimization of real estate policies" was put forward. On the evening of July 29th, the Beijing Municipal Commission of Housing and Urban-Rural Development stated that it would adhere to the general tone of striving for progress while maintaining stability, combine with the actual situation of Beijing’s real estate market, and work closely with relevant departments to implement the work, vigorously support and better meet the rigid and improved housing needs of residents, and promote the stable and healthy development of Beijing’s real estate market.

  On July 30th, Shenzhen Housing and Urban-Rural Development Bureau said that it would work with relevant municipal departments, central institutions stationed in Shenzhen and all districts to better meet the demand of residents for rigid and improved housing, solidly promote the work of guaranteeing the delivery of buildings, effectively maintain the order of the real estate market, and promote the stable and healthy development of the real estate market in Shenzhen.

  

  From January to July 2023, the national real estate development investment was 6,771.7 billion yuan, down 8.5% year-on-year; Among them, residential investment was 5,148.5 billion yuan, down 7.6%.

  Also on July 30th, Guangzhou Housing and Urban-Rural Development Bureau also stated that it would adhere to the general tone of striving for stability, seek truth from facts and step up implementation, and launch relevant policies and measures as soon as possible in light of Guangzhou’s actual situation, vigorously support and better meet the demand for rigid and improved housing, and promote the stable and healthy development of Guangzhou’s real estate market.

  On July 31, the Shanghai Municipal Commission of Housing and Urban-Rural Development and the Municipal Housing Management Bureau stated that they would adhere to the general tone of striving for stability, implement the new development concept completely, accurately and comprehensively, support the rigid and improved housing demand due to the city’s policy, do a good job in ensuring the delivery of buildings, people’s livelihood and stability, and promote the stable and healthy development of the Shanghai real estate market.

  This is the first time since 2017 that four first-tier cities have made a centralized statement. Chen Jia believes that the policies of some core first-and second-tier cities are relatively strict, and there is still much room for policy adjustment. Feng Jianlin suggested that first-tier cities can also have more creative practices. For example, zoning policies allow districts to appropriately adjust policies such as purchase restrictions.

  In addition to the North, Guangzhou and Shenzhen, the provincial level and many cities such as Chongqing, Zhengzhou, Nanjing, Hefei, Shenyang and Xining have introduced policies related to real estate. At the provincial level, the Hunan Provincial Department of Housing and Urban-Rural Development issued the Notice on Further Stabilizing the Real Estate Market in July 2023, and introduced 11 measures such as classified regulation of the property market and regional linkage regulation. Jiangsu allows all localities to take comprehensive measures such as house purchase subsidies, house ticket placement, house purchase group purchase, etc. to better meet the housing demand of residents.

  The property market policies introduced by several cities have different characteristics. Hefei proposed to boldly and steadily promote the pilot project of "existing home sales" of commercial housing, and actively explore the pricing of commercial housing sales according to the interior area. Zhengzhou implements the policy of "recognizing houses but not loans"; For the purchase of improved housing, the original housing will be suspended from the sale restriction policy.

  Many cities also encourage the purchase of houses in the form of housing subsidies. For example, Nanjing introduced a housing subsidy policy. Its policy is clear, encouraging the new six districts to continue to purchase new commercial housing within the specified period according to the actual situation of the regional market, and give a certain proportion of housing subsidies according to the contract price. Qixia District and Yuhuatai District will implement subsidies for the purchase of new commercial housing after evaluating the actual market situation within their respective jurisdictions, effectively reducing the burden of rigid and improved housing purchase. In addition, some third-and fourth-tier cities have also introduced housing subsidy policies. For example, Jinhua, Zhejiang, gives 0.8% ~ 1.2% subsidy to residents who buy houses from August to September this year, and Lanxi, Zhejiang gives 1% subsidy to residents who buy new houses from August to September this year.

  Many places have also given policy support from the housing provident fund system, especially encouraging the withdrawal of provident fund as a down payment trend. On August 4, Hainan Provincial Housing Provident Fund Administration and Hainan Provincial Department of Housing and Urban-Rural Development issued a notice, allowing Hainan to withdraw housing provident fund to pay the down payment for the purchase of new commercial housing and affordable housing in the province. In addition, Chongqing, Qingdao, Shandong, Fuyang, Anhui, Meizhou, Guangdong and other places have clearly proposed to encourage the withdrawal of provident fund for down payment.

  Regarding the policies at different levels and in different cities, Chen Jia believes that there are great regional differences in urban development, so in the future, all localities must make policies according to local conditions and cities. It is necessary to fully estimate the space and time for the adjustment of local policy toolboxes, and pay close attention to the specific market operation of each city. Judging from the time series data, the current real estate restrictive policies in the second, third and fourth tier cities are in the basic liberalization range.

  "China’s real estate industry policy adjustment in the future can be considered from four directions. First, adjust and optimize regional policy price limits and stabilize price repair expectations; The second is to optimize the recognition of housing and loans, reduce the down payment, and release the just-needed; The third is to optimize the purchase restriction policy and accelerate destocking due to the city’s policy; The fourth is to open up a blocking point in the second-hand housing sales market and accelerate the capital turnover in the real estate market. " Chen Jia said.

  

  From January to July 2023, the sales area of commercial housing was 665.63 million square meters, down 6.5% year-on-year. The sales of commercial housing reached 7,045 billion yuan, down by 1.5%.

  The exposure of housing enterprises’ debt risks affects market expectations.

  Recently, the news about Country Garden has been overwhelming. The reason is that Country Garden has two US dollar debt coupons due on August 7, totaling 22.5 million US dollars, but it failed to pay them on time. On August 10th, Country Garden issued a profit warning and insider information announcement. It is mentioned that the company’s management has made a profound reflection. Although it has predicted the current market adjustment cycle, it has underestimated the depth, intensity and persistence of the market downturn, failed to make a more powerful response as early as possible, failed to see that the supply and demand relationship in the real estate market has undergone major changes, and failed to understand the potential risks such as excessive investment ratio in third-and fourth-tier cities and lower-tier cities, insufficient speed of debt ratio drop, and failed to resolve them in time and effectively.

  According to the financial report, by the end of 2022, Country Garden’s contracted sales in third-and fourth-tier cities still accounted for 60%; The land that has been signed or delisted has a building area of 201.5 million square meters, 79% of which are distributed outside Guangdong and are highly scattered all over the country. The profit warning and insider information announcement mentioned that the company’s net loss in the first half of 2023 will be between 45 billion yuan and 55 billion yuan.

  Subsequently, on August 11th, Country Garden issued an apology letter. Yang Huiyan, chairman of the board of directors of the company, and Mo Bin, president of the company, said in a joint letter that although the company has gone all out to save itself, the overall market has not recovered, the absolute scale of the industry has declined, it will take time to restore confidence in the capital market, and the overall operating pressure of the company has increased, facing the biggest difficulty since its establishment.

  Regarding the recent Country Garden real estate incident, Fu Linghui said that at present, the real estate market is generally in the adjustment stage, and some housing enterprises have encountered certain difficulties, especially the debt risks of some leading housing enterprises have been exposed, which has affected market expectations. However, we should see that these problems are phased. With the gradual function of the market adjustment mechanism and the adjustment and optimization of the real estate market policies, the risks of housing enterprises are expected to be gradually resolved.

  Not only Country Garden, but also many real estate enterprises are experiencing "the darkest hour" in recent years. Evergrande, which was the first to have problems, issued a clarification announcement on the market news about "bankruptcy protection" on August 18th. The announcement said that it is currently promoting overseas debt restructuring as planned. "As the US dollar bonds of the Company are governed by the laws of new york, the Company applied to the US court for recognition of the overseas debt restructuring arrangements under the legal systems of Hong Kong and British Virgin Islands (BVI) in accordance with Chapter 15 of Title 11 of the US Code, which is part of the normal overseas restructuring procedure and does not involve bankruptcy application."

  

  Buyers expect that the policy will be adjusted, and the mortgage down payment and interest rate may be lowered, so the wait-and-see mood is strong. The picture shows Hu Yan/photo of a real estate sales center in Qingyuan, Guangdong.

  And Sunac is still saving itself. On August 18th, Sunac announced on the Hong Kong Stock Exchange that it expected a net loss of 15 billion yuan to 16 billion yuan in the first half of the year, compared with 18.76 billion yuan in the same period last year. "The loss was mainly affected by the downturn of the real estate market, and the gross profit margin of the carried-over property projects was low during this period, and the expected net exchange loss was caused by foreign exchange fluctuations."

  In order to solve the debt repayment problem, Sunac has been selling projects recently. On July 7th, Sunac sold 100% equity of Zhenhuafu Project Company at a price of 200 million yuan. The buyer was Ronglian Road and Bridge Company designated by Rong Feng Company to offset Sunac’s debt of 200 million yuan to Rong Feng Company. On August 10th, Sunac sold the Rongyao City Project in Fuzhou, which was jointly developed with Shoukai. On August 17th, Sunac announced that it would sell three projects, including Zhenhuafu Hotel, Wangjinsha Hotel and Hefei Xiuchang Hotel, with a total amount of about 1.23 billion yuan, in order to solve the debt repayment problem of Rong Feng Company.

  For many housing enterprises facing the "dark moment", Feng Jianlin believes that on the whole, the entire real estate industry has entered the downward channel, and both private enterprises and state-owned enterprises will face pressure. At present, urbanization has obviously slowed down. Before the epidemic, the urbanization rate increased by 1.3-1.5 percentage points every year, but only by 0.5-0.8 percentage points in the past two years. The population of new cities has dropped by about half, so naturally there is no need to build so many new houses. Therefore, there is a serious overcapacity in the real estate development industry.

  "Now, to go through a process of de-capacity, a considerable number of housing enterprises will eventually be eliminated. This process will continue for some time, and winter is still very long. Housing enterprises should prepare for the winter as soon as possible, quickly reduce leverage, be flexible in price policies, and do more marketing through various methods. " Feng Jianlin said.

  Chen Jia believes that no matter how the property tax and other policies are optimized, China’s real estate industry must change the low-quality development model of "high debt, high leverage and high turnover" for many years.

  "The recent transformation of the real estate industry from light assets to emerging service industries such as property management and business management is an active exploration of accelerating reform, upgrading risk control, digital transformation and business model transformation, and promoting the transformation of the real estate industry to a high-quality development model. In the future, with the continuous deepening of digital technology, financial technology and technological progress in the real estate industry chain in China, the comprehensive digital transformation of the real estate industry will continue to exert its strength. The foundation of destocking and risk reduction in China’s real estate industry is expected to be further consolidated, the central policy is expected to be effectively implemented, and the macro economy is expected to be further supported and pulled by the real estate industry. " Chen Jia said.

  ("Xiaokang" China Xiaokang. com exclusive feature)

  This article was published in the mid-September 2023 issue of Xiaokang.

  Author: Mai Wanhua

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How sensitive is a girl’s body? (No boys allowed)

  Doctor, for a minute, the posture keeps rising.

  -End of this period-

Girls’ brains weigh about 1,250g, which is a little less than boys’, but there are more divine cells and the links between the left and right brains are closer, which makes girls’ brains more efficient than boys’ and more sensitive to emotional feelings. This may be the reason why your girlfriend is easy to get angry. Girls’ eyes are very sensitive to colors, and they can identify colors that many boys can’t see. What’s more, some girls’ eyes have "super powers" knowledge points. Only three kinds of cone cells can make them see about 1 million colors, but a few girls can have four kinds of cone cells. There are 100 million kinds of colors they can see. Girls with this "super power" are called "four-color viewers". Girls have about 50% more olfactory cells than boys, which also makes girls’ sense of smell more sensitive. It is said that girls will smell the "body fragrance" of a person if they like him. If boys look at her with their eyes, it may be possible for them to find a partner.