Topic: 60 years of classic China glory

Photo by Xu Kangping, Central Bank Building

　　In 1949, the people who had just been liberated were still "distrustful of the paper money issued by the government, and felt that the silver dollar was more useful". Sixty years later, the RMB has become the undisputed "hard currency" in Hong Kong people’s wallets.

　　At the beginning of the founding of New China, the employees of CCB Shanghai Branch "packed up their backpacks and went to the construction site" to provide on-site services for key projects such as Shanghai Steam Turbine Factory, and shuttled through boiling construction sites all day. Sixty years later, they supported a large number of municipal construction projects from the elevated expressway to the Huangpu River tunnel through bilateral loans and syndicated loans.

　　Even 20 years ago, many people still couldn’t tell the difference between "China People’s Bank" and "China Bank". Today, the slightest policy trend of the People’s Bank of China has become the focus of worldwide attention.

　　60 years is only a short moment in the long river of history. However, for China’s financial industry, it is a "one-size-fits-all". In the past 60 years, China’s financial industry has gone through the ups and downs with the historical wheel of the Republic, and has completed the vicissitudes of life from the beginning to the rise, sorting out the growth path of a financial power.

　　Banking articles from zero starting point to global reputation

　　On February 26, 2009, Beijing was warm and cold. "In 2008, the after-tax net profit of banking financial institutions in China was 583.4 billion yuan, an increase of 30.6% over the previous year. Total profit, profit growth and return on capital are among the best in the world. " Liu Mingkang, chairman of the China Banking Regulatory Commission, who came to the the State Council Information Office, was all smiles to Chinese and foreign journalists: "In the financial crisis, although China’s banking industry could not be immune to it, it was unique in the world!"

The insurance industry serves people’s production and life.

　　In the face of the global financial crisis, the outstanding performance of China’s banking industry comes from the solid foundation laid by continuous reform and development in the past 60 years.

　　On December 1, 1948, the People’s Bank of China was formally established, assuming the dual roles of central bank and commercial bank. Today, the total assets of the banking industry reach 73.7 trillion yuan, and there are more than 5,600 banking financial institutions in China, with the central bank as the core and a complete financial organization system of banking, securities and insurance; A financial market system with coordinated development of capital market, money market, gold market and futures market; And the financial supervision system with the structure of "one line, three meetings" has begun to take shape.

　　Since the reform and opening up, China’s macro-economy has experienced several obvious fluctuations, including inflation, overheating and deflation. Correspondingly, it has also undergone several major macro-controls. During this period, the monetary policy closely follows the pulse of economic development, taking corresponding changes in a timely manner, becoming increasingly flexible, prudent and targeted, and ensuring the smooth progress of economic ships.

　　The average capital adequacy ratio of less than 5% and the non-performing assets ratio of more than 25% were the current situation of China commercial banks in 1993. In 2002, the National Financial Work Conference pushed the reform of commercial banks onto the historical stage. ICBC, Bank of China, China Construction Bank and Bank of Communications successively went public and initially established a modern enterprise system. Non-performing loans in the banking industry decreased from 23.6% at the end of 2002 to 2.4% at the end of 2008. In the face of a foreign banker who was worried about the non-performing loans of China’s banking industry, a senior executive of the China Banking Regulatory Commission once said humorously to him: "You can safely drink the wine in the glass." "Going home during the holidays, have you got back all the wages earned by working?" "The money is in the card. We use the bank card now, which is much safer than carrying it with us." This is a conversation between Premier Wen Jiabao and a migrant worker at Beijing West Railway Station on the eve of the Spring Festival last year. It is through the special service of migrant workers’ bank cards that this young man realized his desire to earn money in other places and withdraw money at home. Today, the total circulation of bank cards in China exceeds 1.8 billion, and bank cards have become the most extensive and frequent non-cash payment tool for individual residents.

　　Securities articles move from childish ignorance to rational norms

　　If the 60-year magnificent course of China’s financial industry is a magnificent historical picture, then the birth and development of the capital market is undoubtedly one of the highlights.

　　On November 14th, 1986, Deng Xiaoping returned a stock of Shanghai Feile Audio Company as a gift to John Van Erling, then the chairman of new york Stock Exchange. At that moment, the international community exclaimed that "China shook hands with the stock market".

Growth chart of total assets of banks

Number growth chart of listed companies

　　The new China capital market is so immature: the first stock business counter opened in Shanghai in China has no computer and market display screen, and the transaction price determined by customers’ oral negotiation is written on the blackboard; The staff completes every procedure from delivery, registration, stamping to transfer by hand; The average daily transaction volume is only a few dozen.

　　Looking back, China’s capital market, which grew out of nothing and grew up in various criticisms and debates, has long since changed: the number of listed companies has grown from 14 at the end of 1991 to 1,628 at the end of July 2009, an increase of 115 times in 18 years. The total market value of Shanghai and Shenzhen stock markets is 23.5 trillion yuan, accounting for 95.4% of GDP in 2008, ranking third in the world in terms of market value.

　　Behind these figures, there are more profound changes: the quality of listed companies has improved steadily and become a new force to promote economic development. A large number of super-large enterprises related to the national economy and people’s livelihood, including China Petroleum and Industrial and Commercial Bank of China, have landed in the A-share market one after another. Institutional investors, including funds, social security and insurance funds, have gradually become the main force of the market. QFII and QDII have successively "rushed to the beach" and "went out to sea", becoming the link between the international capital market and the China capital market …

　　When "creating conditions for more people to have property income" entered the report of the 17th National Congress of the Communist Party of China for the first time, people found that the development of the securities market expanded residents’ investment varieties from early single savings to stocks, national debt, funds, warrants, futures and other financial management tools. China’s capital market has not only become a "barometer" and "engine" of China’s economic development, but also become an important channel for investors to share economic achievements and form a wealth effect.

　　Insurance articles from outshine others to a hundred flowers blossom.

　　At the end of June, 2008, Zhang Guangfa, a farmer in Yingxiu Town who suffered heavy losses in the Wenchuan earthquake, received more than 3,000 yuan from the insurance company. Like Zhang Guangfa, nearly 20,000 people affected by the disaster started their new production and life after receiving compensation totaling 1.66 billion yuan. A year later, the insurance industry in the disaster area achieved rapid development. From January to May this year, the growth rates of accident insurance in Deyang, Mianyang and Guangyuan reached 98.8%, 98.3% and 265.4% respectively.

　　The growth footprint of the insurance industry can be followed: it is born of hardship, and it is synchronized with economic development, national strength and people’s prosperity.

　　On October 20th, 1949, the 20th day after the birth of New China, the central government approved the establishment of China People’s Insurance Company, the only insurance company in China. Starting from this, China’s insurance industry embarked on an extraordinary journey: in the late 1950s, the national financial conference decided to "immediately stop domestic insurance business"; Until April 1979, the State Council made a major decision to "gradually restore domestic insurance business"-the insurance industry, which had been silent for 20 years, revived in the spring breeze of reform and opening up.

　　"In the early days of reform and opening up, insurance was still a new thing for most people, and even many people mistakenly thought it was selling safes." As an old insurer, Lao Zhongping of China People’s Insurance Company Jiangmen Branch basically witnessed the leap from birth to "standing" in China’s insurance industry: from the beginning, one company monopolized the world, and the total premium income was only 460 million yuan. By the end of 2008, there were 120 insurance companies nationwide, achieving a premium income of 978.4 billion yuan, exceeding the sum of the national premium income from 1980 to 1999, and the market scale increased by more than 2,000 times.

　　In the past, people’s impression of insurance was limited to the "family property insurance policy" that they had vaguely seen. Now, a car insurance policy of several hundred yuan can intensively make more than 10 services such as "24-hour claim settlement", "private car escrow" and "drunk driving".

　　Thirteen employees and several dilapidated offices were the only assets of China Ping An Insurance when it was established in 1988. In June 2009, Ping An Insurance, with assets of 750 billion yuan, bought Shenzhen Development Bank in a big way-20 years later, China insurance industry blew the horn of marching into the comprehensive financial kingdom …

　　(The photos in this edition are provided by the People’s Bank of China and the China Insurance Regulatory Commission except the signature) Chart production: Li Jinjie

Editor: Xu Guimei

???In the domestic auto market, even in the era of electrification, the three German luxury brands still have a great status and a huge fan base. In the face of new development trends, established car companies such as Mercedes-Benz, BMW and Audi are also actively transforming and pushing new models that are more in line with market trends.

???A few days ago, Ghost Brother learned that, next, these three German luxury brands will have a variety of models launched. This time, Ghost Brother chose three models with high attention to introduce them, providing car purchase reference for consumers who want to buy a car.

The first paragraph: Mercedes-Benz GLC 350 E L.

???The transformation speed of Mercedes-Benz cars is very fast. Now, the domestic plug-in hybrid market is quite hot, and Mercedes-Benz has started to add plug-in hybrid new cars, among which Mercedes-Benz GLC 350e L is one. This model has been officially unveiled at Chengdu Auto Show before.

???The design style of the new car is highly consistent with the fuel version. The star-studded front grille is matched on both sides, and the lower side of the front face is equipped with a through diversion groove, which looks fashionable and advanced. The fuel inlet of the new car is located on the right side of the rear, and the charging inlet is located on the left side of the rear.

???Of course, for netizens, they are more concerned about the size and performance of new cars. According to the current information, the length, width and height of the new car are 4826/1938/1696mm and the wheelbase is 2977mm respectively. The official announcement of power information is not much. Mercedes-Benz GLC 350e L will be equipped with a system consisting of a 2.0T engine and a full-time four-wheel drive system.

The second paragraph: the new long wheelbase version

????The new BMW X3 long wheelbase version is also a very concerned model, and the new car is expected to be launched in the first quarter of 2025. As a replacement model, the appearance and interior of the new car have changed obviously. The kidney grille with a new style on the front face, with sharp headlights, looks more exquisite than the current model.

????The tail shape is equipped with a spoiler, a diffuser below, and a new style of large wheels, which looks more sporty. In terms of body color matching, the new car will provide mineral white, carbon black, extreme blue, skyscraper gray, Brooklyn gray and other color matching.

It is reported that the new car also adds intelligent equipment, equipped with the latest generation operating system and integrated floating curved screen. In terms of size, the length, width and height of the new car are 4865/1920/1664mm and the wheelbase is 2975mm respectively. In terms of power, the 30Li model will be equipped with a 2.0T engine, matching the 8-speed automatic manual transmission.

Paragraph 3: New style

???The new Audi A3 is expected to go on the market in October. The new car has already been declared in the Ministry of Industry and Information Technology. According to the news currently available, the design of the new car has changed a lot. The new car is equipped with a mesh front grille, with double "7"-shaped full LED lens headlights on both sides, and the diversion groove on the lower side of the front face is blackened. The new front face is more in line with the aesthetics of young people.

???The car adopts a new color scheme, and the configuration is also optimized. For example, a central airbag and a rear seat airbag are added as standard. In terms of power, the new car will be equipped with a 1.5T engine, and it is expected to be equipped with a 48V light mixing system to match a 7-speed dual-clutch gearbox.

Ghost fighting car view: The above three new cars have their own characteristics, and they have been adjusted in design, configuration and power, making them younger and more grounded. They will be listed one after another, and consumers who want to buy a car can pay more attention.

Recently, the Ministry of Industry and Information Technology announced a set of latest application information, from which Xiaobian discovered BYD’s brand-new model-Seal 06. Seal 06 adopts the latest design style, with a wheelbase of 2790mm, and is expected to be equipped with BYD’s new generation DM-i super hybrid technology, which is expected to be listed this year.

In terms of appearance, Seal 06 adopts the design concept of ocean series, the common closed grille, the LED headlight group with double L design on the left and right sides, and the exaggerated C-shaped cooling opening below, which is decorated with chrome trim under the upper license plate, making it fashionable and dynamic.

On the side of the car body, Seal 06 adopts a small slip-back design, with a coordinated proportion, a semi-hidden door handle, chrome-plated trim strips to outline the window, a two-stage waistline, and a concave door panel to reduce wind resistance and enhance the sense of movement on the side of the car. In terms of body size, Seal 06 is 4830mm long, 1875mm wide, 1495mm high and 2790mm wheelbase, which is closer to the mainstream A+ class car in size. In terms of wheel hub size, Seal 06 will provide R16, R17 and R18 in three different sizes.

At the rear of the car, Seal 06 adopts the popular penetrating taillight group, blackened, water-drop modeling on the left and right sides, and double-layer and double-color design is adopted in the rear enclosure, with chrome-plated lines embellishing and rich layering, which enhances the sense of movement.

In terms of power, Seal 06 will be equipped with a plug-in hybrid power system consisting of a 1.5L engine with model BYD472QC. The maximum power of the engine is 74 kW, and the motor is divided into high and low power, with maximum power of 120 kW and 160 kW. It is equipped with lithium iron phosphate batteries, and it is expected that two power versions will be provided. One is equipped with a 10.08kWh battery, and the WLTC has a pure electric cruising range of 60km, and the other is a 15.874kWh battery, with a pure electric cruising range of 90km. It is reported that Seal 06 is expected to be equipped with BYD’s new generation of DM-i super hybrid technology, and the fuel consumption per 100 kilometers under NEDC working conditions is less than 3L.

Write it at the end

Seal 06 is positioned between seal DM-i and destroyer 05, which is another masterpiece of BYD in the car market, and the price is expected to be between the two. As a brand-new model launched by BYD Ocean Network, Seal 06 is not only expected to be equipped with BYD’s new generation of DM-i super hybrid technology, but also very eye-catching in appearance design and space size. After listing in the future, it will have outstanding competitiveness in the new energy car market. Are you looking forward to Seal 06?

The more "flash collapse", the more anxious it is for netizens! How can I buy this car when I have made up my mind? It’s definitely jumping into the pit. The urgent price that hasn’t been set has jumped to this level. Do you want to get on the bus? Who would have thought that a car company could be dissolved after a meeting? There are many ways for car companies to storm thunder, only you can’t think of it. It is one thing for car companies to be troubled. As ordinary people, I believe everyone is more concerned about whether this will "bargain-hunting". I have been engaged in the automobile industry for more than 10 years. Based on my experience, I will help you analyze. Can you buy it at half price or even 40% discount?

Simply considering the price/performance ratio, is the 40% discount more likely to be missed?

First of all, stores all over the country no longer accept new car orders, and now they are still open for delivery, so now we can only start from the used car market if we want to bargain-hunting.

At present, many car owners have hung up their quasi-new pole in a fish or some forums. For example, a car with an original price of 249,000 hangs 140,000, which is close to 50% off.

Then we also consulted some familiar second-hand car dealers. At present, only a few car dealers are willing to accept such brand models that are on the verge of bankruptcy. Even if there are, they will basically accept cars at a 50% discount. For example, a 230,000-year-old quasi-new car will cost 110,000-120,000, and if it is one year old, it will go to around 100,000, which is almost 40% off. Combined with the owner’s quotation, you can really buy a new or even quasi-new Extreme Yue at a discount of four to five.

So is this price fragrant? For example, buying a quasi-new Extreme Yue 07 for about 120,000 yuan is really a mistake from the price point of view. Take a look at the new cars with the same budget of 120,000 yuan, such as MONA M03 and Ai ‘an RT in Tucki, which are all compact, with motor power of about 160kW and battery life of 500-650km (CLTC), and the long battery life version with 100-degree Kirin battery went to 880km(CLTC).

The Extreme Yue 07 can be regarded as an extreme krypton 007 with Baidu interactive and intelligent driving as its core. Compared with M03 and Ai ‘an RT, the three electric systems, chassis specifications and configuration standards are all at the same level.

In other words, if you buy a second-hand Polar Yue now, whether it’s 01 or 07, the mechanical quality alone is equivalent to crushing 100,000-class MONA M03 and Ai ‘an RT with a fracture price of 45% for Polar Krypton 001 and Polar Krypton 007. That car experience is really different.

Unexpectedly, the gold content of Xia Yiping’s phrase "the king of endurance and cost performance" is still rising.

Moreover, in these two days, the after-sales service of Jiyue Automobile has been confirmed to be fully accepted by Geely Link, and the information released by Yang Xueliang, senior vice president of Geely Holding Group, in Weibo also indirectly confirmed this news. He said that since the ultra-yue car is manufactured by Geely, Geely will naturally be responsible for the after-sales service of hardware.

Extremely, at least there is a hard father at the bottom, which is better than Weimar, Gaohe and Hengchi.

But with Geely Baidu at the bottom, does it mean that there is a chance to turn over in the back? Now you can get one at the bottom? Let’s stop. At present, the risk of subsequent use of the ultra-Vietnamese car is still very high.

Intelligent selling point may become a pain point!

The first is software services. There is also a video streaming out these days. An extreme engineer reminds car owners that some smart driving and networking functions may not be used in the future, emphasizing the need to keep NFC cards, UWB keys, and don’t uninstall brand APPs, so as to avoid the failure of mobile phone keys after the app stops maintenance.

This is the most painful point for car owners after the collapse of Internet car brands. Even if the car system fails, such as black screen, crash, etc., basic functions such as map navigation, air conditioning adjustment, volume adjustment, seat ventilation and heating will not be used, even the traditional old fuel car can not be compared.

To make matters worse, China Mobile said that it would stop the internet as long as it was in arrears. As for OTA, let alone think about it.

Repairing cars is expensive, premiums are rising, and follow-up costs are not low.

The other is the problem of spare parts. Although Geely took over the after-sales service, some unique spare parts may be more expensive in the absence of continuous mass production, which can be understood as the difference between retail price and wholesale price. And the expensive repair of the car will naturally affect the renewal of commercial insurance, and the premium is more expensive, and it is possible to refuse insurance.

The last one is the problem of changing cars in the future. There is a high probability that the first-generation car owners will experience the dilemma again, either selling at a low price or smashing their hands.

It is also budgeted to buy a new MONA M03 car and replace it with a new one in three years. According to the current three-year residual value of about 46% of new energy vehicles, it is normal to lose 70,000-80,000 yuan. However, after more than 100,000 bargain-hunters have been used for three years, it is a high probability event to sell 20,000-30,000 yuan, that is, a loss of 100,000-10,000 yuan. This account is not worth it unless you are prepared to open it for ten or eight years.

To sum up, at present, it costs about 100,000 yuan to buy a 200,000-class Sandian, a car machine and a smart driver who may become "mentally retarded", the subsequent maintenance premium is not cheap, and there is a high probability that the "buyout system" is rotten in the hands of the quasi-bankruptcy. Do you think these factors add up to be worth this 45% discount? Talk in the comments section.

[CNMO Technology News] On November 18th, Huawei officially announced that it would hold the Huawei Mate brand ceremony at 14: 30 on November 26th. It is widely speculated that Huawei will officially release Huawei Mate 70 series, Huawei Mate X6 dual folding screen mobile phone and Zhijie new S7 electric car at this event. CNMO noted that the new products that Huawei will release on the 26th may be far more than the above models.

On November 18th, Bruce Lee, Huawei terminal BG CTO, issued a document to warm up Huawei Mate brand ceremony. According to the platform information, the device used by Bruce Lee is a "HarmonyOS device to be released soon". It is worth noting that this "HarmonyOS device to be released soon" is probably not Huawei Mate 70 series, because when Yu Chengdong, managing director of Huawei, and He Gang, CEO of Huawei Terminal BG, issued a document to warm up, the small tail of the model was "HUAWEI Mate 70 Pro+".

It is worth mentioning that not long ago, a source revealed that Huawei’s pure blood HarmonyOS tablet is coming, and pure blood HarmonyOS PC is also on its way. Therefore, Huawei may release a brand-new pure blood HarmonyOS tablet at the 26th event, but it has not been officially announced yet.

CNMO understands that whether it is Huawei Mate 70 series or Huawei Mate X6 dual folding screen mobile phone, they may bring a lot of new designs and technologies and become the strongest Mate in Huawei!

In appearance, the domestic new model continues the overseas model design, and the overall shape is basically the same as that of the old model. The front face of the new car is equipped with a kidney-shaped air intake grille, and the interior is decorated with chrome plating, and double L-shaped daytime running lights are used. The shape of the car side is slender, and multi-spoke aluminum alloy wheels are selected. The rear of the car has been redesigned, and the exhaust is a bilateral single-outlet layout, and the overall design of the rear of the car is more full.

The interior of the new car is still family-style, the suspended central control panel is square, three-position and drumstick shift levers are equipped, the shift lever of the new car is quite thick, and it is also equipped with a new generation of BMW idrive7.0 system, and some details in the car are decorated with silver trim strips.

The length, width and height are 4838×1827×1454mm respectively, and the wheelbase has reached 2961 mm. In the same class, the wheelbase of BMW 3 Series ranks first. One bright spot is that its width reaches 1827mm, which reflects that the lateral space inside the car is not bad. The design of skylight also increases the subjective space feeling of front and rear passengers. Among the models of the same price and class, the trunk volume of BMW 3 Series ranks 12th. It can basically meet the luggage space for family travel. But there is no extra hidden storage space.

The BMW 3 Series is equipped with a combination of 2.0 turbocharged engine (direct injection) and automatic manual (AT). The power performance of the 2.0 engine on the BMW 3 Series is quite satisfactory, and the low torque is weak and the hysteresis can be felt. The official measured acceleration of BMW 3 Series is 6.3S, ranking 6th among 250,000-400,000 medium-sized car models.

The active/passive safety configuration of BMW 3 Series is complete, includingAutomatic parking、Zero tire pressure endurance tire、Automatic parking、Steep slope descent、hill start assist control、knee airbag、HUD head-up display、Anti-lock braking (ABS)、Braking force distribution (EBD/CBC, etc.)、Brake assist (EBA/BAS, etc.)、Traction control (ASR/TCS, etc.)、Active noise reduction、Engine start and stop、Side safety air curtain、Wireless charging of mobile phone、night vision system、LED daytime running lights、Forward reversing radar、Tire pressure monitoring、Steering wheel heating、Body stability control (ESP/DSC, etc.)、Rear reversing radar、Fatigue reminder、Remote parking、Child seat interface、Lane keeping (LKAS)Equal configuration.

Among them,Automatic parkingYou can avoid stepping on the brakes for a long time or needing to pull frequently;Steep slope descentCan safely pass through steep slope road conditions at low speed;knee airbagReduce the injury of the car interior to the occupant’s knees in the secondary collision.

In addition to the above description, we can also go to the Easy Car Forum to browse more real car feedback from actual buyers, or use our experience.

[car home Handan Preferential Promotion Channel] The preferential activities in Handan are under way, with a maximum discount of 100,000 yuan and a minimum starting price of 386,000 yuan. If you are interested in this model, please click "Check the car price" in the quotation form to get a higher discount.

The design of Mercedes-Benz EQE SUV shows the perfect combination of luxury and technology. Its front face adopts the iconic star emblem design, with exquisite air intake grille, creating a strong visual impact. The overall style is elegant and elegant, and the lines are smooth, which shows the unique charm of Mercedes-Benz brand.

Mercedes-Benz EQE SUV has a length, width and height of 4880*2032*1679mm and a wheelbase of 3030mm, providing spacious interior space. Its body lines are smooth and dynamic, with 19-inch rims, and the front and rear wheels are equipped with 235/55 R19 tyre size, which further demonstrates the sports style and luxury temperament of the vehicle.

The interior style of Mercedes-Benz EQE SUV inherits the brand’s consistent sense of luxury and technology. The center console is equipped with a 12.8-inch high-definition touch screen, which supports voice recognition control system, allowing drivers to easily operate multimedia systems, navigation, telephones, air conditioners and skylights. The steering wheel is made of leather, with electric up-and-down and forward-and-backward adjustment functions, so that the driver can find the most comfortable grip position. In addition, the seats in the car are made of imitation leather, and the main and auxiliary seats all support front and rear adjustment, backrest adjustment, height adjustment (4-way), leg rest adjustment and lumbar support (4-way), and have heating and ventilation functions to provide passengers with a comfortable experience. The seat is also equipped with an electric memory function to remember the personalized settings of the driver’s seat and the co-driver’s seat. Three USB ports and three Type-C ports are provided in the front row, and two Type-C ports are provided in the back row, which is convenient for passengers to charge the equipment. In addition, the front seats also have the function of wireless charging of mobile phones, providing passengers with a convenient charging experience.

Mercedes-Benz EQE SUV is equipped with a powerful electric engine with a maximum power of 300 kW and a peak torque of 858 Nm, which brings excellent performance and driving experience to drivers.

Car home owners said after the test drive that the power performance of Mercedes-Benz EQE SUV was acceptable, but the low-profile models were not equipped with rear wheel steering function, resulting in insufficient vehicle flexibility. In contrast, he mentioned that the BMW 3 Series, an oil tanker he was driving, was better in handling. At the same time, he also pointed out that the Mercedes-Benz EQE SUV had obvious body shaking when it encountered a large pothole, and the suspension adjustment was soft.

　　On August 20th, China Internet Network Information Center (CNNIC) released the 42nd Statistical Report on Internet Development in China. As of June 30, 2018, the number of netizens in China reached 802 million, and the Internet penetration rate was 57.7%.

　　The amount of basic resources has increased steadily, and the application of resources has maintained a growing trend.

　　As of June 2018, the number of IPv6 addresses in China was 23,555 /32, an increase of 0.53% in half a year. Since the release of the Action Plan for Promoting the Scale Deployment of Internet Protocol Version 6 (IPv6) in November 2017, China’s operators have basically been able to support IPv6 at the network level, and are promoting the transformation from network capability to application popularization. China’s international export bandwidth is 8,826,302Mbps, with a half-year growth rate of 20.6%. Internet users have faster Internet access, better quality of cross-border roaming calls and better network quality. At the same time, mobile Internet access traffic and the number of apps both achieved significant growth in the first half of 2018.

　　The number of netizens in China exceeds 800 million, and the popularization of the Internet has achieved remarkable results.

　　As of June 2018, the number of netizens in China reached 802 million, and the Internet penetration rate was 57.7%. In the first half of 2018, there were 29.68 million new netizens, an increase of 3.8% over the end of 2017; The number of mobile phone users in China is 788 million, and the proportion of netizens accessing the Internet through mobile phones is as high as 98.3%. China’s Internet infrastructure construction has been continuously optimized and upgraded, and network poverty alleviation has become a way of precise poverty alleviation. The steady implementation of the policy of speeding up and reducing fees has promoted the significant growth of mobile Internet access traffic, and network information services have developed in the direction of expanding network coverage, increasing speed and reducing fees. Transportation, environmental protection, finance, medical care, home appliances and other industries have deepened their integration with the Internet, and Internet services are characterized by intelligence and refinement.

　　The utilization rate of Internet financial management has improved significantly, and the market has developed in a standardized and orderly manner.

　　The utilization rate of Internet wealth management in China increased from 16.7% at the end of 2017 to 21.0% in June 2018, and the number of Internet wealth management users increased by 39.74 million, with a half-year growth rate of 30.9%. The scale of Internet wealth management users in China continues to expand, and netizens’ wealth management habits are gradually cultivated. The asset management business breaks the rigid redemption to effectively reduce the business risks of financial institutions and reduce regulatory arbitrage. At the same time, it further promotes institutions to actively improve their management capabilities and accelerate the transformation of Internet capital-guaranteed wealth management products into net-worth wealth management products. The slowdown in the issuance of money funds has promoted the development of the Internet financial management market in a reasonable and standardized direction.

　　The integration of e-commerce and social applications has deepened, and the usage rate of mobile payment has maintained growth.

　　As of June 2018, online shopping users and users who use online payment accounted for 71.0% of the total netizens in China, and online shopping and Internet payment have become applications with a high proportion of netizens. On the one hand, e-commerce, social applications and digital content are integrated with each other, and the social e-commerce model has expanded e-commerce business. On this basis, e-commerce has maintained a stable development as a whole, playing an important role in coordinating supply-side structural reforms, stimulating employment, and helping rural revitalization; On the other hand, the vast majority of payment institutions are connected to the Internet, which improves the transparency of funds and the security of online payment, and the proportion of mobile payment users reaches 71.9%.

　　Internet entertainment has developed healthily, and short video applications have risen rapidly.

　　In the first half of 2018, the demand for online entertainment market was strong, and corresponding policies were introduced to encourage and guide the healthy development of Internet entertainment ecology. Original works of online music have been supported, users of online literature have diversified reading methods, and the trend of diversification of online game types and quality of game content is obvious. Short video applications have risen rapidly, and 74.1% of netizens use short video applications to meet the fragmented entertainment needs. At the same time, the content of online culture and entertainment has been further standardized, the copyright environment of online music and literature has been gradually improved, the illegal content in online games has been rectified, the video industry has built a content-centered ecosystem, and the live broadcast platform has entered a stage of refined operation.

　　Shared travel users grew rapidly and market resources were further integrated.

　　In the first half of 2018, 30.6%, 43.2% and 37.3% netizens used bike-sharing, reserved taxis and reserved special cars/express trains respectively, and the number of users increased by 11.0%, 20.8% and 26.5% respectively compared with the end of 2017. The bike-sharing market has returned to the multi-strong competition pattern from the top two at the end of 2017. Bicycle companies have tried to expand their revenue sources in various ways and started to provide deposit-free services to avoid risks. Cross-border integration has occurred in the network car industry, and platform enterprises have made a comprehensive layout around the field of travel services, starting from a single business to a platform-based ecological expansion.

　　Nearly 60% of netizens use online government services, and the intensive process of government websites has accelerated.

　　As of June 2018, the number of online government service users in China reached 470 million, accounting for 58.6% of the total netizens, and 42.1% of netizens obtained government services through Alipay or WeChat city service platform. First of all, the government actively introduced policies to promote the online development of government affairs, break through information barriers, build an integrated online service platform for the whole process, and build a service-oriented government that the people are satisfied with; Secondly, the degree of intensification of government websites at all levels has improved significantly, with a total of 19,868 government websites nationwide, a decrease of 70.1% compared with the first census in 2015; Finally, party and government organs and mass organizations at all levels actively use Weibo, WeChat, client and other new media to release government information, respond to social concerns, promote collaborative governance, and constantly improve the level of local government information disclosure and online service.

　　Important progress has been made in emerging technologies in the information field, and industrial applications have been steadily advanced.

　　In the first half of 2018, China’s emerging technologies in the information field, such as quantum information technology, communication between heaven and earth, brain like computing, artificial intelligence, supercomputers and industrial Internet, developed well. China has a layout in quantum chips, quantum programming and quantum software. The integration process of information network between heaven and earth has been accelerated; Brain like computing chip products with independent intellectual property rights were launched; Artificial intelligence online retail stores, family and children’s education, old-age care, housework, medical health, investment risk control and other scenarios quickly landed; Supercomputers have made breakthroughs in self-control, peak speed, continuous performance and green indicators; Enterprise information systems have further migrated to cloud platforms, and industrial Internet platforms have developed rapidly.

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BMW i4 adopts modern and elegant design language, and its front face presents distinct family characteristics. The iconic kidney-shaped air intake grille has been given a more dynamic outline, and the closed design inside the grille highlights its identity as an electric vehicle. The overall style is fashionable and full of science and technology, and the body lines are smooth, which endows the BMW i4 with unique dynamic charm.

The body dimensions of BMW i4 are 4785mm long, 1852mm wide and 1455mm high, and the wheelbase reaches 2856mm. Its side lines are smooth and elegant, showing a modern and dynamic style. The front tread is 1601mm and the rear tread is 1630 mm. This design not only improves the stability of the vehicle, but also enhances the handling performance. Equipped with 18-inch rims, the front tyre size is 245/45 R18, and the rear tyre size is 255/45 R18. The rim style is fashionable and dynamic, which further improves the visual effect and driving performance of the vehicle.

The interior design of the BMW i4 highlights the sense of luxury and technology. The center console is equipped with a 14.9-inch high-resolution touch screen, which supports voice recognition control of multimedia systems, navigation, telephone and air conditioning. The steering wheel is made of leather, which supports manual adjustment up and down and back and forth, providing drivers with comfortable grip and flexible operation. There are 2 USB ports and Type-C ports in the front row and rear row of the car, which is convenient for passengers to charge and connect devices. The front seats are also equipped with heating function, which brings comfortable experience to drivers and passengers in cold weather. In addition, the front seats have electric memory function, which can automatically adjust to the driver’s favorite sitting position. BMW i4 seats are made of various materials, including imitation leather, genuine leather and leather /Alcantara mix, to provide passengers with a comfortable ride experience. The rear seats can be laid down in proportion to increase the flexibility of storage space.

BMW i4 is equipped with an efficient motor with a maximum power of 210kW and a peak torque of 400N·m, which provides a strong power output and a smooth driving experience for the vehicle.

The owner of car home said that the configuration parameters of Series I’s 3, 5 and X3 are almost the same, but the shell is different. However, in order to pursue individuality and high value, he willfully spent more than 100,000 yuan on the BMW i4. In addition, the BMW i4 is an imported model, so there is no need to carry out the embarrassing operation of bidding after purchase. He said: "The big nostrils are not mediocre at first glance. People who drive out are guessing at 600,000. I am embarrassed."

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The design of BMW i4 is full of modernity and futurity. The front face adopts a closed design, which highlights the identity of electrification. The body lines are smooth, and the dynamic wheel hub design makes the whole car look sporty. The overall style is fashionable and full of strength, showing BMW’s consistent luxury and exquisiteness.

The dimensions of BMW i4 are 4785mm long, 1852mm wide and 1455mm high, and the wheelbase is 2856mm. The car’s side lines are smooth and sporty, with 18-inch rims. The front wheel tyre size is 245/45 R18, and the rear wheel tyre size is 255/45 R18, showing a unique sports style.

The interior design of BMW i4 embodies the perfect combination of modern luxury and technology. The 14.9-inch large screen on the center console is eye-catching, which integrates multimedia system, navigation and intelligent voice recognition functions, bringing convenient operation experience to drivers. The steering wheel is made of high-quality leather and has the function of manual adjustment up and down and back and forth, ensuring that every driver can find the most comfortable position. According to the user’s needs, the seat provides three choices: imitation leather, genuine leather and leather /Alcantara mix-and-match. The front and rear, backrest, height adjustment, leg rest and waist support functions are provided for the driver and passenger seats, which further improves the riding comfort. In addition, the front seats also have a heating function to provide warmth in the cold season. The car is also equipped with a number of USB and Type-C interfaces to meet various charging needs, and at the same time supports the wireless charging function of mobile phones, which provides great convenience for modern scientific and technological life.

BMW i4 is equipped with a high-performance motor with a maximum power of 210 kW and a maximum torque of 400 Nm, which provides a strong power output for the vehicle.

The owner of car home gave a very positive evaluation of the BMW i4. He specifically mentioned: "Sound insulation is good, power is sufficient, and the appearance is king. I don’t think I will lose my sister Mercedes-Benz when I make the volcanic red interior." This fully demonstrates the excellent performance of BMW i4 in many aspects, and is undoubtedly an excellent choice worthy of consideration by many consumers.