CCTV News:According to the website of the Ministry of Finance, 2022 is an important year for China to build a socialist modern country in an all-round way and March into a new journey towards the goal of the second century. In the first half of the year, faced with the complicated and severe international situation and the arduous and arduous tasks of domestic reform, development and stability, under the strong leadership of the CPC Central Committee with the Supreme Leader as the core, all localities and departments conscientiously implemented the decision-making arrangements of the CPC Central Committee and the State Council, effectively coordinated the prevention and control of epidemic situation and economic and social development, intensified macro-policy adjustment, effectively implemented a package of policies and measures to stabilize the economy, and solidly carried out the work of "six stabilities" and "six guarantees". The rebound of epidemic situation was effectively controlled, the national economy stabilized and rebounded, and people’s livelihood was effectively guaranteed. In the first half of the year, the GDP increased by 2.5% year-on-year, and in the second quarter, the GDP increased by 0.4% year-on-year. The main indicators stopped the downward trend and achieved positive growth.

　　Since the beginning of this year, financial departments at all levels have adhered to the guidance of the Supreme Leader’s Socialism with Chinese characteristics Thought in the New Era, carried forward the great spirit of party building, adhered to the general tone of striving for progress while maintaining stability, implemented the new development concept completely, accurately and comprehensively, accelerated the construction of a new development pattern, conscientiously implemented the requirements of "active fiscal policy should improve efficiency and pay more attention to accuracy and sustainability", strengthened the overall planning of financial resources, and implemented a new combined tax and fee support policy. Taking into account the needs of steady growth and risk prevention, appropriately reduce the deficit ratio, rationally arrange the debt scale, ensure the intensity of fiscal expenditure, optimize the focus and structure of expenditure, promote the sinking of financial resources, continuously improve people’s livelihood, strictly enforce financial discipline, and strive to stabilize the macro-economic market.

　　First, increase efforts to reduce burdens and relieve difficulties and enhance the vitality of market players. Adhere to the combination of phased measures and institutional arrangements, and reduce taxes, refund taxes and delay taxes simultaneously. Vigorously improve the system of value-added tax credit and tax refund, and implement large-scale tax refund for tax credit. Increase the deduction ratio of R&D expenses of small and medium-sized science and technology enterprises to 100%. Small-scale taxpayers are exempted from value-added tax in stages. Reduce the purchase tax of some passenger cars in stages. We will continue to implement the policy of tax reduction and fee reduction to support manufacturing, small and micro enterprises and individual industrial and commercial households, and increase the scope of reduction and exemption and expand the scope of application. Strengthen financing support for small and medium-sized enterprises, and comprehensively use financing guarantees, loan interest subsidies, incentives and subsidies to guide and incite financial resources to flow to small and medium-sized enterprises. Staged holdover of social security fees and efforts to expand the scope. We will promote the employment priority policy, improve the quality and strength, continue to implement the unemployment insurance return policy, and implement interest subsidies and awards for entrepreneurial guarantee loans. It is estimated that the annual tax rebate and tax reduction will be about 2.64 trillion yuan, of which the tax rebate will be about 1.64 trillion yuan.

　　The second is to maintain an appropriate expenditure intensity and optimize the financial expenditure structure. Deficit ratio is appropriately lowered to about 2.8%. Through certain state-owned financial institutions and franchisees, the balance of profits in recent years was turned over according to law and transferred to the budget stabilization fund, etc., and the national general public budget expenditure was arranged to be 26.71 trillion yuan, an increase of more than 2 trillion yuan over the previous year, and the available financial resources were significantly increased. Optimize the structure of fiscal expenditure, give priority to supporting key projects that have been included in the national "Fourteenth Five-Year Plan" outline and key special plans, moderately advance infrastructure investment, and increase support for scientific and technological research, ecological environmental protection, basic people’s livelihood, modern agriculture and other fields and major regional strategies.

　　The third is to arrange local government special bonds reasonably to ensure the construction of key projects. The overall leverage ratio of the government was basically stable, and the amount of special bonds for local governments was 3.65 trillion yuan, which was the same as that of the previous year. After being reported to the National People’s Congress Standing Committee (NPCSC) for the record, the special bond quota of 1.46 trillion yuan was issued in advance in December 2021, and all the special bond funds used for project construction were issued to local governments before the end of March. Adhere to the principle of "funds follow the project", make a deep and detailed reserve of special bond projects, make full use of special bonds as a major project capital policy, optimize the investment fields of special bonds, include new infrastructure and new energy projects in the key support scope, strictly supervise the use of funds, and focus on supporting projects under construction that can start as soon as possible, and expand effective investment. From January to June, all localities issued a total of 3.41 trillion yuan of new special bonds, basically completing the issuance task.

　　The fourth is to promote the sinking of financial resources and support the grassroots to do the work of "three guarantees". Greatly increase the scale of transfer payments from the central government to local governments, especially general transfer payments, and tilt to difficult areas and underdeveloped areas. The central general public budget allocated nearly 9.8 trillion yuan to local transfer payments, an increase of about 1.5 trillion yuan, an increase of 18%, and the growth rate was significantly higher than in previous years. The provincial finance also sinks its financial resources to the maximum extent, supporting the grassroots to implement the policy of helping enterprises to bail out and ensuring basic people’s livelihood, wages and operation. Improve the direct mechanism of normalized financial funds, further expand the scope, and promote the rapid and accurate release and use of funds.

　　Fifth, adhere to the tight life of party and government organs and promote the construction of conservation-oriented organs. The central government took the lead in living a tight life, focusing on ensuring rigid expenditures and urgently needed expenditures, strictly controlling general expenditures, strengthening the budget management of "three public funds", and striving to reduce administrative operating costs. In 2022, the expenditure of the central government decreased by 2.1%. Local governments at all levels are strict and tight, freeing up more financial resources to improve basic people’s livelihood and support the development of market players, so as to effectively save money for the people. We will improve the financial expenditure restraint mechanism, revitalize the financial stock funds and idle assets, promote the sharing of assets in administrative institutions, constantly improve the institutional system for living a tight life, and strengthen the evaluation of implementation.

　　Sixth, strict financial discipline and financial order in put in order. Strictly implement financial laws and regulations and management regulations, tighten the "cage" of the system, and resolutely safeguard the seriousness of the system. Manage and make good use of financial funds and standardize income and expenditure behavior. Improve the tax collection and management system and severely crack down on tax evasion and tax fraud according to law. Further standardize the financial audit order and curb financial fraud. Organize and carry out special rectification actions of local financial and economic order, strictly investigate the serious violations, and make financial and economic discipline an untouchable "high-voltage line".

　　In the next step, the financial department will conscientiously implement the decision-making arrangements of the CPC Central Committee and the State Council, adhere to the principle of stability, strive for progress in stability, implement the requirements of preventing the epidemic, stabilizing the economy, and ensuring safety in development, effectively coordinate the prevention and control of the epidemic and economic and social development, coordinate development and safety, increase macro-policy adjustment, plan incremental policy tools, arrange ahead, speed up the pace, and make timely efforts to continue to do a good job in "six stabilities" and "six guarantees"

　　First, the financial operation suffered from the impact of epidemic situation and other factors, and the budget implementation was generally good.

　　This year, China’s economic operation started smoothly, and the national general public budget revenue increased by 10.5% in January and February. In March, due to the complicated situation and epidemic situation at home and abroad, the growth rate of income in that month dropped to 3.4% year-on-year. In April and May, the fiscal revenue declined due to the influence of the centralized implementation of the VAT tax refund policy. With the gradual improvement of the epidemic situation and the effect of stabilizing the economy, the fiscal revenue stabilized and rebounded in June, with an increase of 5.3% after deducting the tax rebate factor, and the growth rate turned from negative to positive. In that month, the fiscal revenue of 25 provinces in China achieved positive growth. Overall, the budget implementation in the first half of the year was generally good.

　　(1) Affected by the epidemic and other factors, the growth rate of national fiscal revenue has declined.

　　In the first half of the year, the national general public budget revenue was 10,522.1 billion yuan, a cumulative increase of 3.3% after deducting the tax rebate factor, and a year-on-year decrease of 10.2% in natural terms. Affected by epidemic situation, industrial structure and other factors, regional fiscal revenue differentiation is more obvious. After deducting the tax rebate, the revenue of the central and local general public budgets increased by 1.7% and 4.7% respectively, while the revenue of the eastern, central, western and northeastern regions increased by -1%, 13.7%, 16.5% and -3.5% respectively. The income growth in the central and western regions is relatively high, mainly driven by the increase in energy and resources industries, in which Shanxi, Inner Mongolia, Shaanxi and Xinjiang increased by 44%, 49.4%, 34.7% and 40.9% respectively, and maintained a rapid growth trend. In the eastern region, Fujian, Shandong and Zhejiang maintained steady growth, with the growth rates of 6.7%, 6.3% and 4.2% respectively after deducting the tax refund factor; Guangdong decreased slightly by 0.5%, which was 2.5 percentage points narrower than that in January-May, with an increase of 8.9% in June.

　　In the first half of the year, the national tax revenue increased by 0.9% after deducting the tax refund factor, showing a gradual recovery trend, and decreased by 14.8% according to the natural caliber. After deducting the tax rebate, the domestic value-added tax decreased by 0.7%, among which, it decreased by 1.1% in June, which was significantly narrower than that in April and May, mainly due to the gradual improvement of industrial added value, service industry production index and other related economic indicators. Corporate income tax, personal income tax, value-added tax on imported goods and consumption tax increased by 3.2%, 8.7% and 14.9% respectively. Revitalizing idle assets through multiple channels led to an increase in non-tax revenue. In the first half of the year, the national non-tax revenue was 1,965.7 billion yuan, an increase of 18%.

　　(two) to ensure the intensity of fiscal expenditure, expenditure protection in key areas.

　　We will increase the overall planning of financial funds, turn over the profits accumulated in recent years according to law through specific state-owned financial institutions and franchisees, and transfer them to the budget stabilization fund to maintain an appropriate expenditure intensity. In the first half of the year, the total expenditure of the national general public budget was 12.89 trillion yuan, a year-on-year increase of 5.9%, which was higher than the increase of fiscal revenue. Among them, the central government’s expenditure at this level was 1,563 billion yuan, a year-on-year increase of 5.8%; Local expenditure was 11,325.7 billion yuan, a year-on-year increase of 5.9%.

　　We will optimize the structure of fiscal expenditure, give priority to supporting key projects that have been included in the outline of the 14 th Five-Year Plan and key special plans, and increase support for scientific and technological research, ecological environmental protection, basic livelihood, modern agriculture and other fields and major regions. Among them, the expenditure on science and technology was 434.5 billion yuan, a year-on-year increase of 17.3%; Transportation expenditure was 635.5 billion yuan, a year-on-year increase of 12%; Expenditure on agriculture, forestry and water was 1,038.3 billion yuan, up 11% year-on-year; Health expenditure was 1,125.9 billion yuan, a year-on-year increase of 7.7%; Education expenditure was 1,920.8 billion yuan, a year-on-year increase of 4.2%; Expenditure on social security and employment was 2,019.7 billion yuan, a year-on-year increase of 3.6%.

　　Accelerate the progress of fiscal expenditure. After the National People’s Congress approves the budget, the central government will complete the departmental budget approval on the same day, and at the same time pay close attention to the transfer payment budget. Up to now, except for some funds such as factual settlement, all other qualified transfer payments have been issued. Closely track the implementation of local and departmental budgets, supervise and guide the strengthening of budget implementation management, and promote the early implementation of funds and policies.

　　(3) Continue to live a tight life and make better use of financial resources.

　　Adhere to the requirement of tight days throughout the whole process of budget implementation, which not only fully guarantees the necessary expenditure demand, but also strictly controls the expenditure barrier, hardens the budget constraint, strictly controls the general expenditure, and fully guarantees the key expenditure. The central government takes the lead in living a tight life. On the basis of the negative growth of the central government’s expenditure for two consecutive years, the central government’s expenditure will continue to be negative in 2022, down by 2.1%. During budget implementation, the supplementary budget shall be strictly controlled, and the newly-added urgently needed expenditure of the department shall be given priority through the existing budget as a whole. For matters that really need to be used, the budget shall be strictly examined and submitted to the State Council for approval before being issued. Vigorously revitalize the department’s stock funds and idle assets, and recover the surplus funds and carry-over funds that have not been used up for two consecutive years in accordance with the regulations to avoid idle funds. Evaluate the tight life of the central departments on a quarterly basis, link the evaluation results with the budget arrangement, and urge to strengthen the awareness of thrift. At the same time, local governments should be guided strictly to ensure that precious funds are used in critical areas of development and urgent needs of people’s livelihood.

　　Second, increase efforts to help enterprises bail out difficulties and focus on stabilizing the macroeconomic market.

　　In view of the needs of market players, we improved fiscal macro-control, paid attention to the coordinated combination of various policy tools, implemented new combined tax and fee support policies, and continuously increased the efforts to reduce burdens and bail-outs. In the first half of the year, 507.4 billion yuan of tax rebates were added and 1,845.5 billion yuan of tax rebates were processed, which effectively boosted the confidence of market players, enhanced the endogenous motivation for development, and promoted stable and healthy economic development.

　　(1) Accelerating the implementation of the tax reduction and tax rebate policy.

　　First, the value-added tax allowance is refunded in advance on a large scale. Focus on small and micro enterprises and key industries to increase tax refund. All qualified small and micro enterprises and six industries, such as manufacturing, will be included in the scope of policy implementation, and further expanded to seven industries, such as wholesale and retail. The incremental tax allowance will be refunded in full every month and the stock tax allowance will be refunded in full at one time. The total amount of new tax refund for the whole year is about 1.64 trillion yuan. Accelerate the progress of tax refund. Priority will be given to small and micro enterprises, and the stock of medium and large enterprises will be reserved for tax refund in advance. Among them, the remaining tax credits of micro-enterprises and small-scale enterprises will be refunded before April 30 and June 30, 2022 respectively; The stock tax allowance for medium-sized enterprises will be implemented in advance on May 1st and returned centrally before June 30th; Large-scale enterprises’ stock tax allowance will be implemented ahead of June 1 and returned centrally before June 30 to ensure the accelerated release of policy dividends. Strengthen the guarantee of treasury funds. The central government has arranged a special transfer payment of 1.2 trillion yuan to support the grassroots to implement tax reduction and fee reduction and key people’s livelihood, and all of them have been issued; Establish a separate allocation and pre-allocation mechanism for tax refund funds, pre-allocate monthly and roll liquidation to ensure the funds needed for local tax refund, and bring the funds into the direct monitoring system to ensure the timely refund of funds. From April 1 to June 30, the country handled 1,722.2 billion yuan of tax refund for 1.865 million taxpayers. In addition, in the first quarter, it continued to implement the previous old policy of tax refund for tax refund, and in the first half of the year, a total of 1,845.5 billion yuan of tax refund was refunded to taxpayers’ accounts.It has reached 2.9 times the scale of tax refund in the first half of last year, and successfully realized the "big head landing" of the tax refund policy.

　　Second, other tax reduction and fee reduction policies to support manufacturing, small and micro enterprises and individual industrial and commercial households will continue to be implemented. Small-scale taxpayers are exempted from value-added tax in stages. Expand the scope of application of the "six taxes and two fees" relief to small and meager profit enterprises and individual industrial and commercial households. For small and micro enterprises, the annual taxable income of 1 million yuan to 3 million yuan will be halved, and the actual tax burden will be reduced to 5%. We will intensify the implementation of the policy of adding and deducting R&D expenses, increase the proportion of adding and deducting R&D expenses of small and medium-sized science and technology enterprises to 100%, and improve policies such as accelerated depreciation of equipment and appliances. In the first half of the year, the preferential policy of "six taxes and two fees", the reduction of value-added tax for small-scale taxpayers and the increase of income tax incentives for small and micro enterprises reduced the burden on taxpayers by 83 billion yuan, 79.3 billion yuan and 47.7 billion yuan respectively.

　　Third, industries with special difficulties have received precise assistance. The public transportation services such as public transport, which are greatly affected by the epidemic, and the express delivery service of necessary living materials for residents are exempted from VAT. Suspension of air transport and railway transport enterprises to pay VAT in advance for one year. Continue the policy of adding and deducting value-added tax for production and life service industries. In order to stabilize automobile consumption, the vehicle purchase tax will be halved in stages for passenger cars with a displacement of 2.0 liters or less not exceeding 300,000 yuan, which will benefit about 8.7 million passenger cars. Encourage all localities to give relief to taxpayers who have real difficulties in paying urban land use tax.

　　(two) the extension of the phased holdover of social security fees.

　　The first is the expansion of the industry. On the basis of implementing three social insurance premium policies of phased holdover for the aged, unemployment and work-related injury in five extremely poor industries, such as catering, retail, tourism, civil aviation and highway, waterway and railway transportation, the holdover policy will be further extended to 17 difficult industries, such as agricultural and sideline food processing industry and textile industry, in which the implementation period of holdover for the aged insurance premium will be until the end of 2022, and the holdover period for work-related injury and unemployment insurance will not exceed one year, and the late payment fee will be exempted during the holdover period.

　　The second is to postpone the payment. All small and medium-sized enterprises and individual industrial and commercial households with temporary difficulties in production and operation in areas seriously affected by the epidemic can apply for holdover of the unit contributions of pension, unemployment and work-related injury, and the implementation period of holdover will be until the end of 2022, during which the late payment fee will be exempted. Individual industrial and commercial households who participate in the basic old-age insurance for enterprise employees in their personal capacity may voluntarily suspend payment until the end of 2023 if it is difficult to pay the old-age insurance premium in 2022.

　　The third is to study and introduce incremental policies. We will implement a phased deferred payment policy for employees’ medical insurance units, make it clear that the accumulated balance of the overall fund can be paid in the overall planning area for more than six months. Since July 2022, small and medium-sized enterprises and individual industrial and commercial households insured by units will be deferred for three months, and the late payment fee will be exempted during the deferred payment period, and the "free application and enjoyment" handling mode will be fully implemented.

　　(3) The employment policy of stabilizing posts has been effective and intensified.

　　First, the security of employment funds has been increasing. We will give priority to employment. In 2022, the central government allocated 61.758 billion yuan of employment subsidies, an increase of 5.168 billion yuan. At present, 59.758 billion yuan has been allocated to support local governments in implementing employment and entrepreneurship support policies.

　　Second, the policy of aiding enterprises to stabilize their posts has been effective. Continue to implement the policy of reducing unemployment insurance rates and industrial injury insurance rates by stages until April 30, 2023. We will continue to implement the policy of stable return of unemployment insurance, and increase the return ratio of large enterprises from 30% in 2021 to 50%, and the return ratio of small and medium-sized enterprises from 60% to 90%. Cities and counties in areas with medium and high-risk epidemic in 2022 may grant a one-time stay-at-work subsidy to all insured enterprises that are temporarily unable to operate normally due to the serious impact of the epidemic, according to the standard that each employee participating in unemployment insurance does not exceed that of 500 yuan, and the policy will be implemented until the end of 2022.

　　Third, the employment of key groups has been carried out in a solid manner. For enterprises that recruit college graduates in the graduation year, sign labor contracts and participate in unemployment insurance, they will be granted a one-time job expansion subsidy according to the standard of no more than 1,500 yuan per person; Small and medium-sized enterprises that recruit college graduates in the graduation year and sign labor contracts for more than one year will be given a one-time employment subsidy. The policy of one-time post expansion subsidy and one-time employment subsidy will not be enjoyed repeatedly, and the two policies will be implemented until the end of 2022. Newly established "Central Special Lottery Public Welfare Fund to Support College Students’ Innovation and Entrepreneurship Education Project" and arranged funds of 100 million yuan to promote the development of college students’ innovation and entrepreneurship education. Introduce the national student loan interest-free and principal deferred repayment policy, exempt the national student loan interest that should be repaid in 2022 by graduate loan students in 2022 and previous years, and the interest-free funds shall be borne by the finance; The repayment of the principal can be postponed for one year without penalty interest, which is expected to benefit more than 4 million college graduates.

　　With the gradual recovery of the economy and the gradual implementation of various policies to stabilize employment, the trend of rising unemployment rate in urban surveys has been reversed. In the first half of the year, 6.54 million new jobs were created in cities and towns nationwide, and the national average unemployment rate reached 5.7%, and the employment situation generally improved.

　　(4) Accurate efforts in government procurement.

　　The first is to facilitate the participation of small and medium-sized enterprises in procurement activities. Urge all regions and departments to strengthen the management of procurement demand, standardize the setting of qualification conditions, flexibly reserve the whole project, reasonably reserve procurement packages, require large enterprises to form a consortium with small and medium-sized enterprises, and require large enterprises to subcontract to small and medium-sized enterprises to ensure the contract share of small and medium-sized enterprises. By increasing the proportion of advance payment, introducing credit guarantee, supporting small and medium-sized enterprises to carry out contract financing, and providing free electronic procurement documents, it is convenient for small and medium-sized enterprises to participate in procurement activities. Pay purchasing funds in time in strict accordance with regulations, effectively reducing the financial pressure on SMEs.

　　The second is to adjust the price evaluation concessions of small and micro enterprises. Deduct the discount from the original 6%— 10% to 10%— 20%, that is, in the procurement activities, the quotation for small and micro enterprises will be given 10% first & mdash; 20% deduction, after winning the bid, sign the contract according to the actual quotation of small and micro enterprises. The preferential evaluation for large and medium-sized enterprises to form a consortium with small and micro enterprises or for large and medium-sized enterprises to subcontract to small and micro enterprises is changed from 2% to mdash; 3% to 4%— 6%, adding orders, increasing motivation and stabilizing expectations for SMEs.

　　The third is to increase the reserved share of government procurement projects. In principle, all engineering procurement projects below 4 million yuan are reserved for small and medium-sized enterprises. For the project procurement projects with more than 4 million yuan that are suitable for small and medium-sized enterprises, the reserved share for small and medium-sized enterprises will be gradually increased from 30% to more than 40% in the second half of 2022 on the premise of adhering to the principles of openness, fairness and fair competition and unifying quality standards, so as to further expand the share of small and medium-sized enterprises in obtaining project contracts.

　　With the active support of the above policies and measures, the contract amount awarded to small and medium-sized enterprises in national government procurement accounts for about 75% of the national government procurement scale.

　　(5) Financing support continued to increase.

　　First, inclusive finance’s development support has been further strengthened. In 2022, the central government allocated a special fund budget of 10.707 billion yuan for the development of inclusive finance, and continuously enhanced the ability of financial services to the real economy. In conjunction with relevant parties, the first batch of 83 demonstration zones supported by the central government for inclusive finance’s development were launched, and 2.28 billion yuan of award and compensation funds were allocated to support various localities to build inclusive finance demonstration zones with their own characteristics according to local conditions, so as to promote the expansion, increment, cost reduction and efficiency improvement of inclusive finance’s services.

　　Second, the small and micro enterprise financing guarantee fee reduction incentive policy continued to be implemented. We will issue 3 billion yuan as bonus for fee reduction of financing guarantee for small and micro enterprises, focus on expanding the scale of first loan, single-family loan of less than 10 million yuan, medium-and long-term loan guarantee and innovative small and micro enterprise guarantee business, increase support for small and micro enterprises in special difficult industries such as transportation, catering, accommodation and tourism, reduce the rate of financing guarantee, and promote the solution of financing difficulties and expensive financing for small and micro enterprises.

　　Third, the government financing guarantee will expand the scope and increase efficiency. We will expand the coverage of government financing guarantees to small and micro enterprises, clarify the target and task of adding more than 1 trillion yuan of re-guarantee cooperation business to the national financing guarantee fund during the year, and give better play to the countercyclical adjustment role of government financing guarantees. In the first half of the year, the national financing guarantee fund has completed the re-guarantee cooperation business scale of 596.2 billion yuan, an increase of 85% year-on-year; Serving 780,000 market players, up 214% year-on-year; The scale of supporting agriculture with small businesses was 588.9 billion yuan, up 86% year-on-year, and the scale of supporting agriculture with small businesses accounted for 98.78%, up 0.09 percentage points year-on-year.

　　Third, accelerate the issuance and use of local government special bonds and expand the scope of support to promote the expansion of effective investment.

　　Accelerate the issuance and use of special bonds, optimize the investment fields of special bonds, and continuously strengthen the management of special bonds, which has better guaranteed the reasonable financing needs of local governments and effectively played a positive role in promoting the expansion of effective investment and stabilizing the macro-economy.

　　(1) The newly-added special bond quota has basically been issued, so as to promote the formation of physical workload as soon as possible.

　　According to the requirement of keeping the overall leverage ratio of the government basically stable, in 2022, the National People’s Congress approved a new limit of 3.65 trillion yuan for local government special bonds, which was the same as the previous year. Planning the issuance and use in advance, authorized by the National People’s Congress Standing Committee (NPCSC), in December 2021, the amount of new special bonds was 1.46 trillion yuan, three months earlier than the previous year, and the amount of new special bonds of 3.45 trillion yuan used for project construction at the end of March was all issued. Optimize the allocation of special bond quotas, give full consideration to local financial conditions, debt risk levels, project reserves and other factors, and tilt the allocation to areas with strong solvency and sufficient project reserves. Make full use of special bonds as the capital policy of major projects, optimize the investment fields of special bonds, and require all localities to give priority to special bond funds for key projects included in the national "14 th Five-Year Plan" and major regional development strategies, and resolutely do not spread "pepper noodles." Guide the local authorities to arrange the issuance time in advance, pay close attention to the budget adjustment procedures, decompose the newly issued quotas into cities and counties in time, and promote the formation of physical workload as soon as possible.

　　From January to June, a total of 3.41 trillion yuan of new special bonds were issued. Among the special bonds issued, 1,169.1 billion yuan was used to support municipal construction and industrial park infrastructure, 577.7 billion yuan for transportation infrastructure, 638.9 billion yuan for social undertakings, 529.6 billion yuan for affordable housing projects, 283.2 billion yuan for agriculture, forestry and water conservancy, 127.6 billion yuan for ecological protection and 80.2 billion yuan for energy and urban and rural cold chain logistics infrastructure, which played an important role in stabilizing the macro-economy. Among them, all localities have arranged more than 240 billion yuan of special bond funds as capital for major projects, effectively giving play to the inciting role of government investment. Under the premise of compliance with laws and controllable risks, guide commercial banks to provide supporting financing support for qualified special bond project construction entities.

　　(2) Incorporate new infrastructure and new energy projects into the scope of support, and prepare key projects in advance.

　　Expand the scope of priority support for special bonds. According to the deployment requirements of the State Council, we will study and reasonably expand the scope of special bonds, and on the basis of existing transportation infrastructure, energy, ecological and environmental protection, affordable housing projects and other fields, we will clearly include qualified government investment projects in new energy and new infrastructure areas into the scope of local government special bonds to help the development of emerging industries.

　　Do a deep and detailed project reserve. Guide the local authorities to do a good job in the normalization of special bond projects in accordance with the requirements of "putting a batch of reserves into storage, issuing and using a batch, and starting construction a batch". In 2022, 71,000 special bond projects will be reserved in two batches. In the first half of the year, the newly issued special bonds supported more than 23,800 projects, including about 10,800 projects under construction and about 13,000 new projects.

　　(3) Strengthen the supervision and management of bond funds, and further improve the efficiency in the use of funds.

　　Strictly implement the negative list management of special bonds, and it is strictly forbidden to use bond funds for buildings, halls, image projects, performance projects and non-public welfare capital expenditure projects. Strengthen daily supervision and management, carry out penetrating monitoring of special bond projects, report the progress of early warning of special bond expenditures on a monthly basis, regularly carry out special inspections on the use and management of special bonds, comprehensively tighten the management responsibilities of competent departments and project units, strictly implement the punishment mechanism for handling special bond funds, strengthen the rigid constraints on violations, and promote the legal and compliant use of special bond funds.

　　Fourth, improve the direct mechanism of normalized financial funds, and release funds quickly and accurately.

　　Further expand the scope of direct funds, speed up the release and use of funds, strengthen monitoring and management, and the direct mechanism of financial funds works well, with obvious policy effects, and the role of benefiting enterprises and benefiting the people is effectively brought into play.

　　(a) expand the scope of funds, the total scale of direct funds is about 4 trillion yuan.

　　All eligible funds for benefiting enterprises and benefiting the people will be included in the direct range, with a total capital scale of about 4 trillion yuan, an increase of about 1.2 trillion yuan over the previous year. In particular, this year’s one-time transfer payments to support grassroots implementation of tax reduction and fee reduction and key people’s livelihood will be included in the direct fund management, and the direct mechanism will effectively play an important role in safeguarding people’s livelihood and supporting grassroots operations. At the same time, local governments are required to include local financial funds corresponding to the direct funds of the central government in the direct scope, and local governments are encouraged to include their own funds for benefiting enterprises and benefiting the people in the direct scope in light of actual conditions, so as to further amplify the effect of the direct mechanism.

　　(B) quickly issued for use, direct funding effect.

　　First, the budget funds were quickly released and implemented. In the first half of the year, out of about 4 trillion yuan of direct funds, the central government has allocated 3.992 trillion yuan, accounting for 97.9%. All qualified funds have been allocated, and the outstanding funds are mainly factual settlement projects. The local finance has allocated 3.625 trillion yuan to the fund users, accounting for 90.8% of the central finance, and promoted the timely implementation of funds.

　　Second, the overall use of expenditure is relatively fast. In the first half of the year, in addition to the funds allocated by local governments to support tax refund, tax reduction and fee reduction, 357,000 projects were arranged through direct funds, resulting in an expenditure of 1.848 trillion yuan, accounting for 57.9% of the 3.192 trillion yuan issued by the central government, 7.9 percentage points higher than the scheduled progress, and the overall use of funds was nearly one month faster. The focus of expenditure is tilted to the grassroots level, with provincial expenditure of 0.646 trillion yuan, accounting for 35%; The expenditure of cities and counties was 1.202 trillion yuan, accounting for 65%.

　　Third, the policy of benefiting enterprises and benefiting the people has achieved remarkable results. In terms of protecting the main body of the market, all localities not only support enterprises by offsetting income such as tax refund, tax reduction and fee reduction, but also help enterprises through financial expenditure. According to incomplete statistics, related direct benefits to enterprises cost about 350 billion yuan, benefiting 680,000 market participants, totaling 2.56 million times. In terms of ensuring residents’ employment, it is preliminarily estimated that the expenditure directly used for employment exceeds 20 billion yuan, which promotes the implementation of the employment priority policy and stabilizes the employment situation. In terms of ensuring basic people’s livelihood, according to preliminary statistics, the expenditure on basic people’s livelihood such as pension, compulsory education, basic medical care and basic housing reached 1.17 trillion yuan, helping to firmly grasp the bottom line of people’s livelihood.

　　(3) Strengthen the supervision of funds to ensure that the direct use of funds is standardized, safe and efficient.

　　First, optimize and improve the direct fund monitoring system. According to the needs of direct funds expansion and efficiency improvement, the system functions are expanded from data tracking to monitoring, early warning and comprehensive analysis. Strengthen the data connection and comparison between the monitoring system and the integrated budget management system, speed up the integration process, and provide strong support for strengthening the direct fund management.

　　The second is to pay attention to daily monitoring and supervision. Strictly manage the allocation and use of funds, strengthen online monitoring and offline verification, monitor the whole process of fund allocation, disbursement and use, realize the synchronization of fund release and monitoring, urge all localities to grasp the expenditure progress reasonably and orderly, and promote the standardization and early use of funds.

　　The third is to promote multi-sectoral coordination and coordination. Distinguish the nature and characteristics of different funds and establish a classified supervision system. Strengthen the coordination of auditing, industry authorities and finance, focus on the use of projects based on problems, strengthen the monitoring and supervision of key areas and important links in the use of funds, and promote the implementation of funds and give full play to actual results.

　　Five, firmly grasp the "three guarantees" bottom line, the local financial operation is stable and orderly.

　　Always adhere to the "three guarantees" bottom line as a hard task of financial work, in the case of the contradiction between fiscal revenue and expenditure is very prominent, further increase financial support for local governments, compact local responsibilities, strengthen supervision and guidance, monitoring and early warning, and promote the effective protection of "three guarantees" expenditures at the grassroots level and the smooth and orderly operation of local finance.

　　(1) Sink financial resources to the maximum extent, and greatly increase the scale of transfer payments.

　　Concentrate financial resources to increase local transfer payments. In 2022, the central government arranged nearly 9.8 trillion yuan for local transfer payments, an increase of about 1.5 trillion yuan over the previous year, with an increase of 18%. The structure was further optimized, and general transfer payments increased by 8.7%, with a moderate tilt to the central and western regions and grassroots. Increase the progress of the central government’s transfer payment to local governments. By the end of June, the central government’s transfer payment rate to local governments reached 92.7%, providing strong support for local governments to do a good job in grassroots "three guarantees" and other work.

　　(two) strictly implement the responsibility to ensure that the "three guarantees" expenditure is given priority.

　　In accordance with the principle of "county-level-oriented, municipal-level assistance, provincial-level bottom-up, and central incentives", the graded responsibility system is implemented. The financial operation of established counties (including county-level cities) is mainly responsible by the provincial finance, and the financial operation of municipal districts is mainly responsible by the prefecture-level cities where they are located, and the responsibility of "three guarantees" is always the same. We will improve the incentive and restraint mechanism, and when arranging general transfer payments, the central government will reward areas that have achieved remarkable results in strengthening the "three guarantees" guarantee and improving the county-level financial level and balance. Strengthen work guidance and supervision, require local governments to take the "three guarantees" expenditure as the focus of budget arrangements, adhere to the priority of the "three guarantees" expenditure in fiscal expenditure, and take practical measures to ensure that the salaries and pensions of key groups such as teachers are paid on time.

　　(3) Improve monitoring and early warning, and effectively prevent the operational risks of grassroots finance.

　　Further improve the monitoring mechanism of local financial operation, and carry out linkage monitoring and dynamic early warning on local "three guarantees" budget arrangement and implementation, local government debt service, temporary payment, and treasury funds. The local supervision bureaus of the Ministry of Finance shall establish a consultation mechanism with the local provincial financial departments, establish a contact point system with key counties, and deeply understand and dynamically monitor the operation of grassroots finance. For the operational risks of individual counties found in audit supervision and daily monitoring, timely urge the rectification to be in place.

　　Sixth, support the stability of the supply chain of the industrial chain and help the economic cycle to flow smoothly.

　　Adhere to the innovation-driven development strategy, continue to strengthen investment in science and technology, innovate and improve policy mechanisms, focus on breaking through the "breakpoints" of the industrial chain and the "blocking points" of the supply chain, and jointly promote the stability of the industrial chain and the smooth economic cycle.

　　(1) Vigorously promote scientific and technological innovation and continuously improve the level of industrial development.

　　First, important progress has been made in original and leading scientific and technological research. Focusing on basic research, the central government will allocate 76.614 billion yuan for basic research in 2022, an increase of 7%. Support the implementation of the ten-year plan for basic research, improve the funding system of the National Natural Science Foundation, and encourage the development of basic research and scientific frontier exploration. We will ensure the funding needs of key core technologies and support scientific and technological research in key areas such as epidemic prevention and control, disease prevention and control, seed industry and green and low carbon. We will implement the system of "unveiling the list" and "horse racing", fully guarantee the organization and implementation of major scientific and technological projects, and solve the technical problem of "sticking the neck". According to the principle of "mature one, promote one", promote "scientific and technological innovation 2030— Major projects "to speed up the organization and implementation, and constantly extend the innovation chain, improve the industrial chain.

　　Second, the national strategic scientific and technological strength has been further strengthened. Establish a stable support mechanism for national laboratory funds, promote the reorganization of national key laboratories, promote scientific research institutions and high-level research universities to play a better role, encourage the reform and development of central-level scientific research institutes, and promote the construction of first-class institutions. Support the construction of high-level scientific and technological talents, and support scientific and technological talents to independently carry out scientific and technological research and development through related projects. We will promote that more than half of the annual budgets of basic scientific research business expenses of scientific research institutes and central universities will be used for young researchers, and high-level talents will be introduced and cultivated.

　　Third, the reform of science and technology fund management has been further promoted. Optimize and adjust the expenditure structure of science and technology funds, focusing on strategic and key areas. Strengthen the follow-up and supervision of the implementation of "Several Opinions of the General Office of the State Council on Reforming and Perfecting the Management of Scientific Research Funds of the Central Government", strengthen the supervision after the event, and ensure that the autonomy of scientific research funds can be put down, accepted and managed well. Optimize the role of guiding funds for scientific and technological innovation, encourage social forces to increase investment in the transformation of scientific and technological achievements and promote the transformation and application of more scientific and technological achievements by setting up venture capital sub-funds.

　　Fourth, the innovation vitality of enterprises is effectively stimulated. Increase the deduction ratio of R&D expenses of small and medium-sized scientific and technological enterprises from 75% to 100%, and improve policies such as accelerated depreciation of equipment and appliances. The funding mode of "implementation first, funding later" is adopted, and enterprises and other innovative subjects invest and carry out related scientific and technological activities first, and then give subsidies after acceptance, so as to guide enterprises to become innovative subjects. Focus on industrial demand, start the implementation of relevant national science and technology plan projects, support enterprises to take the lead in setting up innovation consortia to undertake national scientific research tasks, and enhance the independent innovation capability of key core technologies.

　　(2) The fiscal and taxation policies should be put forward, and the supply chain enterprises in the industrial chain should be promoted to return to work and reach production.

　　The first is to promote the optimization and upgrading of the industrial chain supply chain. Focus on key industrial chains of manufacturing industry, focus on blocking points and breakpoints, support the breakthrough of short-board weaknesses and the construction of public service platforms, and improve the modernization level of industrial chain supply chain. We will continue to implement the insurance compensation policy for the first (set) of major technical equipment and key new materials, and adopt a market-oriented approach to support the promotion and application of innovative products of major technical equipment and new materials. Give full play to the role of government investment funds in the manufacturing sector, guide social capital to increase investment in integrated circuits, new materials, next-generation information technology and other fields, and ensure the safety of the supply chain of the industrial chain.

　　The second is to help the high-quality development of "specialized and innovative" SMEs. Adhere to the combination of cultivating excellent enterprises and strengthening industries. At the beginning of June, the central government issued 1.921 billion yuan of special and innovative "Little Giant" enterprises to the relevant provinces, of which 1.086 billion yuan was used to support the addition of 543 key "Little Giant" enterprises, and more than 90% of the newly added enterprises participated in the short-board of key core technologies in sub-sectors, and the cultivation focus was further highlighted. Up to now, the central government has issued a total of 4.68 billion yuan of award and compensation funds to support 1922 key "little giant" enterprises, which has provided strong support for the industrial chain to supplement the chain and strengthen the chain.

　　The third is to increase the relief efforts for enterprises in industries such as civil aviation that are greatly affected by the epidemic. Suspension of prepayment of value-added tax by branches of aviation enterprises. Refund of tax credit for air transport enterprises. From May 21 to July 20, with the goal of ensuring the minimum number of flights and ensuring safe flight, phased financial subsidies were implemented for domestic passenger flights. According to statistics, in the last week of policy implementation (from July 16th to July 20th), the daily average number of domestic flights reached 9,867, an increase of 119.3% compared with the first week of financial subsidies for domestic passenger flights.

　　The fourth is to promote the smooth flow of logistics. From May to the end of this year, the income obtained by taxpayers from providing express delivery services for essential living materials for residents will be exempted from value-added tax. Support the national comprehensive freight hub to supplement the chain and strengthen the chain. From 2022, it will take about three years to concentrate on supporting about 30 cities, implement the interconnection of infrastructure and equipment, improve the standards and services of multimodal transport, and build a market-oriented long-term mechanism with multi-participation, which will play an active role in improving recycling efficiency, enhancing recycling kinetic energy and reducing recycling costs, effectively supporting the stability and extending the supply chain of the service industry chain. Among them, in 2022, 5 billion yuan of subsidy funds will be arranged to support about 10 cities to start related work. 2.36 billion yuan was allocated to support the construction of the supply chain system of agricultural products, and it was clear that the cold chain logistics enterprises that undertook the relevant circulation and supply protection tasks and were affected by the epidemic were supported by local governments as a whole. Arrange 5 billion yuan to support the construction of cold storage and preservation facilities for agricultural products, and lay a solid foundation for smooth logistics.

　　(3) Support the steady increase of mass consumption such as automobiles and boost the release of domestic demand potential.

　　The purchase tax on some passenger cars will be reduced by stages. For passenger cars with a displacement of 2.0 liters or less whose purchase date is from June 1, 2022 to December 31, 2022 and the bicycle price (excluding VAT) does not exceed 300,000 yuan, the vehicle purchase tax will be reduced by half to boost automobile consumption. This policy has reduced taxes by 60 billion yuan. Support the orderly development of the new energy vehicle industry, implement the subsidy policy for the purchase of new energy vehicles, integrate the development planning of the new energy vehicle industry, the market sales trend and the smooth transition of enterprises, and gently subsidize the retreat, and clarify that the period of the subsidy policy for the purchase of new energy vehicles in 2022 is December 31, 2022. In the first half of the year, the number of new energy vehicles in China exceeded 10 million, an increase of 27.8% year-on-year; Production and sales exceeded 2.6 million vehicles, up 1.2 times year-on-year.

　　Seven, improve the agricultural and rural development support policies, and promote the balance and coordination of regional development.

　　Actively play the role of fiscal function, pay attention to consolidating and expanding the achievements of poverty alleviation and effectively connecting with rural revitalization, implement major national regional strategies, focus on solving the problem of insufficient imbalance in development, and promote coordinated regional development at a higher level.

　　(1) The production and supply of grain and important agricultural products have been strongly guaranteed.

　　First, support the stable subsidies for grain farmers. We will steadily implement the subsidy policy for the protection of cultivated land fertility, issue 120.485 billion yuan of subsidies for the protection of cultivated land fertility, and distribute 30 billion yuan of one-time agricultural subsidies to actual grain farmers in two batches. We will introduce subsidies for strip compound planting of corn and soybean, and support the promotion of strip compound planting of corn and soybean in suitable areas such as northwest, Huanghuaihai, southwest and the middle and lower reaches of the Yangtze River.

　　The second is to implement the strategy of storing grain in the ground and storing grain in technology. Promote the improvement of comprehensive grain production capacity, arrange 86.498 billion yuan of farmland construction subsidy funds, 476 million yuan of departmental budget funds and 22.6 billion yuan of central infrastructure investment, and support the construction of 100 million mu of high-standard farmland (including 15 million mu of high-efficiency water-saving irrigation area). 11.145 billion yuan was allocated to support the implementation of farmland rotation and fallow. Promote the improvement of agricultural mechanization, allocate 21.2 billion yuan, and implement the subsidy policy for the purchase and application of agricultural machinery. Support the seed industry revitalization action.

　　The third is to ensure the effective supply of important agricultural products. The whole county promotes the improvement of dairy production capacity, supports the development of grass and livestock supporting and moderate scale breeding in large dairy counties, and enhances the ability of milk supply guarantee. We will implement the incremental upgrading of beef cattle and mutton sheep, further expand the scope of the project, and promote the development of the whole industrial chain of basic cows’ expansion and upgrading, and planting grass, raising cattle and raising sheep. Implement subsidies for improved varieties, support the promotion of improved varieties of livestock in pastoral areas, and accelerate the improvement of pig varieties. We will allocate 6.899 billion yuan for animal epidemic prevention and other subsidies to ensure animal epidemic prevention-related work. Timely release pigs (cattle and sheep) to transfer large county incentive funds to promote the production and circulation of pigs (cattle and sheep) and industrial development. Carry out full cost insurance and planting income insurance for sugar cane in Guangxi, and carry out pilot projects for full cost insurance and planting income insurance for soybeans in some counties of Heilongjiang and Inner Mongolia.

　　The fourth is to promote agricultural disaster prevention, mitigation and relief work. 5 billion yuan will be allocated through agricultural production development funds and agricultural production disaster relief funds to ensure that wheat will become weak and strong, and strengthen field management. Efforts will be made to ensure the prevention and control of major crop pests and diseases, and support the full coverage of wheat "one spray and three defenses" measures. 26.593 billion yuan was allocated for water conservancy development, which supported the improvement of small and medium-sized rivers with a basin area of 200-3,000 square kilometers, the reinforcement of small dangerous reservoirs and the prevention and control of mountain torrents.

　　(2) Consolidate and expand the achievements of poverty alleviation and effectively link with rural revitalization.

　　First, increase investment guarantee. In 2022, the central financial budget arranged for the convergence of rural revitalization subsidy funds (hereinafter referred to as convergence funds) of 165 billion yuan, an increase of 8.476 billion yuan over the previous year, and increased the tilt support for key counties. Guide the relevant transfer payments to support poverty alleviation during the critical period, continue to support all localities to consolidate and expand the achievements of poverty alleviation, and promote rural revitalization in an all-round way. Supervise and guide all localities to coordinate and integrate resources from all sides, implement the pilot policy of integrating agricultural funds in poverty-stricken counties, and strengthen the investment guarantee for consolidating the convergence work.

　　The second is to highlight key points and help accurately. In conjunction with relevant departments, the "Guiding Opinions on Strengthening the Convergence of Central Finance and Promoting the Use and Management of Rural Revitalization Grant Funds" was issued to urge and guide all localities to consolidate and expand the achievements of poverty alleviation by relying more on development. It is clearly required that all localities put the key help counties in a prominent position to consolidate and expand the achievements of poverty alleviation, increase the inclined support for key help counties, and promote the shortcomings and the bottom line. Highlight the key points of financial support, give priority to supporting the development of rich agricultural industries in the agricultural belt, improve the interest linkage mechanism of industrial projects, and ensure that the monitoring targets and the people out of poverty fully benefit. Co-ordinate support for micro-credit interest subsidies, skills training, employment expansion, etc., which are conducive to increasing income, and help the people out of poverty and the monitored objects to continuously increase their income. Support local conditions to fill the shortcomings of necessary small public welfare infrastructure such as rural water supply facilities, and improve the production and living conditions of people in poverty-stricken areas. It is clearly required that the central and local budget units reserve the purchasing share of canteen ingredients at a ratio of not less than 10%, and purchase agricultural and sideline products in poverty-stricken areas through the "832 platform". In the first half of 2022, budget units at all levels purchased a total of 3.8 billion yuan.

　　The third is to improve the efficiency of capital use. We will issue guidance on strengthening the management of the use of bridging funds, and urge all localities to use and manage bridging funds well. Cooperate with relevant departments to organize the third party to carry out the performance evaluation of connecting funds, continuously transmit pressure, and urge and guide local improvement work. Pay attention to strengthening the application of performance evaluation results, and when allocating convergence funds, the provinces with better performance evaluation results will be rewarded by regions, and the incentive funds will be used to support the consolidation of convergence work in accordance with the fund management measures. Regularly dispatch the progress of project implementation and capital expenditure, strengthen the reminder and supervision of key provinces, and promote the implementation of capital policies.

　　(3) Major regional strategies have been implemented in depth.

　　Improve the policy system to promote regional coordinated and balanced development. We will implement the fiscal and taxation support policies such as Hainan’s comprehensive deepening of reform and opening up, xiong’an new area’s initial planning and construction, Guangdong-Hong Kong-Macao Greater Bay Area’s construction, Northeast revitalization, and the development of the Yangtze River Economic Belt, accelerate the introduction of fiscal and taxation support programs to promote ecological protection and high-quality development in the Yellow River Basin, study and improve the financial system and tax sharing in the capital, and constantly establish and improve the policy system of fiscal promotion of regional coordinated and balanced development.

　　Improve the financial security capacity of special types of areas. Further expand the scope of transfer payment subsidies for old revolutionary areas and achieve full coverage of old revolutionary areas and counties across the country. Further increase support for border areas and promote population stability and improvement of people’s livelihood in border areas. Revise and improve the "Measures of the Central Government for Transfer Payment to Local Resource-exhausted Cities" to promote the sustainable economic and social development of resource-based areas.

　　(4) The quality of new urbanization has been steadily improved.

　　We will increase financial support for the citizenization of agricultural transfer population, revise the Measures for the Administration of Incentive Funds for the Citizenization of Agricultural Transfer Population by the Central Government, and further strengthen and standardize the management of incentive funds. In 2022, 40 billion yuan of incentive funds for the urbanization of agricultural transfer population will be issued. Continue to support the construction of sponge cities. In 2022, the central government will allocate 15 billion yuan for urban pipe network and sewage treatment subsidies, implement the demonstration of sponge city construction, and further expand the coverage of demonstration cities. In conjunction with the Ministry of Housing and Urban-Rural Development, we will jointly organize and carry out demonstration work on the centralized and contiguous protection and utilization of traditional villages, issue a demonstration subsidy fund budget of 1.5 billion yuan, and give quota awards to 40 demonstration counties that have passed the review. Guide and improve the public environment of traditional villages.

　　Eight, continue to improve the ecological environment, green and low-carbon development has achieved new results.

　　Resolutely practice the supreme leader’s ecological civilization thought, firmly establish the concept of "Lucid waters and lush mountains are invaluable assets", scientifically and comprehensively promote ecological protection, vigorously support the construction of a beautiful China with sky blue, green land and clear water, and make new progress in comprehensive green transformation.

　　(1) Efforts to prevent and control pollution have been further intensified.

　　First, the defense of the blue sky continues to deepen. 30 billion yuan was allocated for air pollution prevention and control, a year-on-year increase of 9%. We will expand the scope of support for clean heating in winter in the northern region, and identify 25 new supporting cities such as Qingdao and Harbin through competitive evaluation and selection to promote the transformation and upgrading of energy consumption. We will continue to carry out atmospheric environmental governance and management capacity building, coordinated control of fine particulate matter (PM2.5) and ozone (O3) pollution, and help achieve the carbon neutrality goal of peak carbon dioxide emissions. In the first half of the year, the concentration of PM2.5 in prefecture-level cities and above decreased by 5.9% year-on-year, and the average number of days with good air quality was 84.6%.

　　Second, the battle for clear water continued to advance. We allocated 23.7 billion yuan for water pollution prevention and control, up 9% year-on-year, and supported local governments to carry out water pollution control, water ecological protection and restoration, centralized drinking water source protection, groundwater ecological environment protection, and water pollution prevention and control supervision capacity building, focusing on the Yangtze River and Yellow River basins. We will carry out pilot projects to control black and odorous water bodies in rural areas nationwide, and select 15 cities, including Jincheng, Shanxi Province, to be included in the first batch of pilot projects, so as to promote local governments to speed up the completion of outstanding shortcomings affecting rural human settlements. In the first half of the year, the proportion of excellent surface water quality sections in China was 85.7%, up 4 percentage points year-on-year; The proportion of inferior class V was 1.1%, down 0.8 percentage points year-on-year.

　　Third, the pure land defense war continued to deepen. We will allocate 4.4 billion yuan for soil pollution prevention and control, support the strengthening of the source control of soil heavy metal pollution such as solid waste left over from heavy metal history and heavy metal emission reduction, increase the support of soil pollution source prevention and control and risk management, and promote the risk management and repair of agricultural land and construction land related to the safety of agricultural products and human settlements.

　　(2) The protection and restoration of ecosystems have been continuously strengthened.

　　First, the management of grass and sand system in landscape forest fields and lakes has been solidly promoted. We will allocate 15 billion yuan to continue the first batch of integrated protection and restoration projects of grass and sand in 10 landscape forest fields and lakes during the Tenth Five-Year Plan period in Oujiang, Zhejiang, and start the second batch of integrated protection and restoration projects of grass and sand in 9 landscape forest fields and lakes during the Tenth Five-Year Plan period in eastern Qinling, Henan and Jingjiang, Hubei, so as to promote the comprehensive management, systematic management and source management of grass and sand in landscape forest fields and lakes as a whole, and effectively improve the quality and stability of the ecosystem.

　　Second, the marine ecological protection and restoration project was implemented in depth. 4.046 billion yuan was allocated to support 16 cities to carry out marine ecological protection and restoration projects, improve the quality of marine ecological environment and enhance the marine ecological carbon sink capacity.

　　Third, the demonstration project of ecological restoration of abandoned mines left over from history was launched and implemented. Eleven demonstration projects for ecological restoration of abandoned mines left over from history, such as Longyan in Fujian and Ya ‘an in Sichuan, were launched to restore damaged mountains and surface vegetation, improve regional ecological conditions and enhance ecosystem quality and service functions.

　　Fourth, the protection and restoration of forest and grass ecosystems have been vigorously carried out. Promote the protection of natural forests, returning farmland to forests and grasslands, and ecological restoration and management of grasslands, implement the policy of forest resources management and protection and ecological rangers, strengthen wetland protection and restoration, wildlife protection, strengthen the construction of camellia oleifera, and fire prevention and control of forest and grassland pests, accelerate the construction of a nature reserve system with national parks as the main body, and reward places where the full implementation of the forest length system has achieved remarkable results.

　　(3) peak carbon dioxide emissions’s carbon neutrality was promoted in an orderly manner.

　　Adhere to the coordinated promotion of carbon reduction, pollution reduction, green expansion and growth, grasp the rhythm and intensity, and do a good job in carbon neutrality in peak carbon dioxide emissions step by step. To study and put forward opinions on financial support for carbon neutrality in peak carbon dioxide emissions, and comprehensively use financial funds guidance, tax adjustment, diversified investment, government green procurement and other policies and measures to do a good job in financial security. Support the development of green and low-carbon industries and technical research, and promote energy conservation and emission reduction in key areas and industries. Improve green procurement standards, increase the government procurement of energy-saving and environmental protection products, and the procurement scale accounts for more than 85% of the government procurement scale of similar products, and guide six pilot cities such as Shaoxing to carry out government procurement to support the application and promotion of green building materials and green buildings. At present, the amount of projects included in the pilot is about 100 billion yuan. Improve clean energy support policies and vigorously develop renewable energy. Support 20 pilot demonstration projects of land greening, scientifically promote large-scale land greening actions, and promote the enhancement of carbon sequestration capacity of ecosystems.

　　Nine, optimize policies and measures to effectively protect the basic livelihood of the people.

　　Improving people’s livelihood and well-being is the fundamental purpose of development. The financial department has always adhered to the people-centered development thought, tried its best to do what it can, strived to protect and improve people’s livelihood in development, and constantly enhanced people’s sense of acquisition, happiness and security.

　　(a) timely response to epidemic prevention and control and natural disaster relief needs.

　　First, effectively protect the vaccine and vaccination costs in Covid-19. Timely arrange funds to support the scientific and rapid disposal of local outbreaks. Strengthen the financial guarantee for vaccination, drug research and development, and include local epidemic prevention-related funds in the scope of "three guarantees" to ensure that the epidemic prevention and control and medical treatment will not be affected by financial problems.

　　The second is to effectively implement natural disaster relief work. At the first time, the mechanism of rapid allocation of funds was started, and 910 million yuan of central natural disaster relief funds were pre-allocated to support the Lushan earthquake in Sichuan, floods in Liaoning, Guangxi, Guangdong, Fujian, Guizhou, Hunan and Jiangxi, typhoons in Hainan and Yunnan, droughts in Gansu, Inner Mongolia and Shaanxi, and effectively protect people’s lives and property. The central government subsidized 790 million yuan for renting aircraft for local forest and grassland aviation fire fighting to support the fire prevention and extinguishing work in forest and grassland. Issue the central emergency rescue and relief materials reserve procurement plan to enrich the flood control, drought relief and domestic relief materials reserve inventory.

　　The third is to steadily improve the ability to prevent and control extra-large geological disasters. 5 billion yuan will be allocated to support local governments to strengthen the comprehensive prevention and control system and capacity building for the comprehensive management of extra-large geological disasters and the investigation and evaluation, monitoring and early warning of geological disasters in key areas.

　　(2) Promote the high-quality development of education.

　　First, investment in education has grown steadily. Adhere to giving priority to education as a national strategic investment. In 2022, the national general public budget allocated education expenditure of 4,152.1 billion yuan, an increase of 10.4% over the previous year. In the first half of the year, it spent 1,920.8 billion yuan, an increase of 4.2% over the same period of last year.

　　The second is to steadily promote educational equity. Through the general public budget, 324 billion yuan was allocated for related transfer payments in the fields of basic education and student financial assistance, up 5.7% year-on-year, supporting local governments to consolidate and improve the funding guarantee mechanism for urban and rural compulsory education, implementing the nutrition improvement plan for rural compulsory education students, further promoting the improvement of weak links and capacity of compulsory education, strengthening the construction of rural teachers, expanding inclusive preschool education resources by both public and private institutions, improving the basic conditions for running ordinary high schools in counties, and implementing student financial assistance policies at all educational stages.

　　The third is to enhance the ability of education to serve economic and social development. Support local governments to improve the per capita funding level of vocational education, and promote the construction of high-level vocational schools and specialties with China characteristics. We will continue to optimize and improve the budget allocation system of central universities and support them to improve the quality and development level of running schools. Support local governments to reform and improve the budget allocation system of local colleges and universities, consolidate and improve the per capita allocation level of local colleges and universities, guide local governments to increase investment in higher education, and promote the healthy and sustainable development of local colleges and universities.

　　(3) Steadily promote the construction of a health and wellness system.

　　Promote the effective improvement of health service level. A subsidy of 68.5 billion yuan for basic public health services was issued to support the provision of basic public health services such as health education, vaccination and health management of key populations to residents free of charge. The per capita financial subsidy standard for basic public health service funds is raised from 79 yuan to 84 yuan per person per year. A subsidy of 32.3 billion yuan was issued to improve the medical service and support capacity, which promoted the comprehensive reform of public hospitals, the training of health personnel, the capacity building of medical and health institutions, and the inheritance and development of Chinese medicine. Support grass-roots medical and health institutions to implement the national basic drug system, implement the family planning service guarantee, carry out the prevention and control of major infectious diseases such as AIDS prevention and control, tuberculosis prevention and control, and promote the implementation of the national immunization program.

　　Promote the steady development of medical security. Reasonably raise the financing standard of medical insurance for urban and rural residents, issue 373.628 billion yuan of medical insurance subsidy funds for urban and rural residents, and increase the per capita financial subsidy standard of medical insurance for urban and rural residents by 30 yuan, reaching no less than 610 yuan per person per year. Consolidate the role of medical assistance in ensuring the bottom, issue medical assistance subsidy funds of 31.695 billion yuan, subsidize eligible people in difficulty to participate in insurance, subsidize their unaffordable basic medical expenses, and carry out emergency assistance for diseases. Strengthen the construction of medical insurance service capacity, issue a subsidy of 4.295 billion yuan for medical insurance service capacity construction, and support the work of medical insurance informationization, fund supervision, reform of medical insurance payment methods, centralized procurement of medical consumables, and price reform of medical services.

　　(4) Constantly improve the social security system.

　　First, the endowment insurance system has been further improved. Allocate 124 billion yuan of national overall adjustment funds for the basic old-age insurance for enterprise employees in advance, and rationally adjust the surplus and shortage of funds between regions. 926.4 billion yuan of basic pension transfer payment was issued to support local governments to issue basic pensions in full and on time. Adjust the basic pension level of retirees in enterprises, institutions and institutions, and raise the national minimum standard of basic old-age insurance for urban and rural residents. Further improve the national overall planning system and policy system, and promote the smooth implementation of the national overall planning system for endowment insurance.

　　Second, the coverage of the industrial injury and unemployment insurance system has gradually expanded. Accelerate the provincial-level co-ordination of industrial injury and unemployment insurance, improve the fund’s ability to resist risks, and ensure the timely and full payment of benefits and the fair and sustainable operation of the fund. Cooperate with relevant departments to carry out the pilot work of occupational injury protection in new employment forms and safeguard the legitimate rights and interests of workers in new employment forms.

　　Third, the protection of the people in difficulty has been continuously strengthened. The central government issued a subsidy of 154.683 billion yuan to help people in need, supported all localities to do a solid job in helping people in need, timely included eligible objects in the scope of policies such as subsistence allowances, and issued additional one-time living allowances for low-income objects and extremely poor people. Strengthen the assistance to unemployed people who have not participated in unemployment insurance and have no source of income, and issue one-time temporary assistance to unemployed people who meet the conditions and have difficulties in life.

　　(5) gradually improve housing security.

　　Efforts will be made to solve the housing difficulties of low-income families, new citizens and young people in cities and towns, and improve the living conditions of residents in shanty towns and old communities. Strengthen policy coordination and convergence. Focus on the development of affordable rental housing. Encourage local governments to fill shortcomings according to local conditions, rationally arrange public rental housing and affordable rental housing plans, comprehensively use physical security and rental subsidies, and take multiple measures to solve outstanding housing problems. Strengthen the performance management of urban affordable housing projects to ensure that policies are effective. In 2022, the central government allocated 70.8 billion yuan in subsidies for affordable housing projects in cities and towns, including 99,000 sets of public rental housing, 839,000 sets of affordable rental housing, 1.188 million sets of shantytowns and 50,900 old communities, involving 8.222 million households. We issued a subsidy of 6.28 billion yuan for the renovation of dilapidated houses in rural areas, and continued to support the renovation of dilapidated houses and rural houses for key targets such as low-income groups in rural areas.

　　(6) Promoting the vigorous development of cultural undertakings and cultural industries.

　　Support the integration of urban and rural public cultural service systems. The central government allocated 23.439 billion yuan for the construction of public cultural service system, supported the innovative implementation of the project of benefiting the people through culture, and guaranteed the basic cultural rights and interests of the people. Strengthen the protection and utilization of cultural relics and historical sites and the protection and inheritance of cultural heritage. Important progress has been made in the protection of revolutionary cultural relics and cave temples. We will continue to systematically record the representative inheritors of national intangible cultural heritage, and support the high-quality promotion of the construction of national cultural parks such as the Great Wall, the Grand Canal, the Long March, the Yellow River and the Yangtze River, and the construction of national version pavilions. Support the creation of fine literary works and the cultivation of talents. Arrange relevant funds and special funds to support literary and artistic creation and promotion in the fields of stage art, literature, publishing, film and television, documentaries, etc., and promote the construction of a talent team in the field of propaganda and ideological culture. Help the development of cultural tourism industry, implement tourism relief support policies, and support tourism to tide over difficulties and resume development. Promote the deepening reform of central cultural enterprises and promote the high-quality development of cultural industries. Promote the construction of a sports power and support the successful hosting of the Beijing Winter Olympics and Paralympic Winter Games.

　　Ten, deepen the reform and strengthen the management of coordinated progress, to further strengthen the supervision of financial management.

　　Actively play a breakthrough and leading role in fiscal reform, continue to deepen the reform of fiscal and taxation system around the modernization of national governance system and governance capacity, further consolidate financial management supervision measures, and continuously improve the level of fiscal governance.

　　(1) Accelerate the establishment of a modern fiscal and taxation system, and give full play to the effectiveness of fiscal governance.

　　First, the reform of the budget management system continued to advance. Implement the "Opinions on Further Deepening the Reform of Budget Management System" and push the budget management level to a new level. Deepen the publicity of the budget and further improve the transparency of the budget. Improve the performance management system, accelerate the construction of an all-round, whole-process and full-coverage budget performance management system, promote the quality and efficiency of budget performance management, and further improve the allocation efficiency and use efficiency of financial resources.

　　Second, the reform of the tax system has been deepening. We will implement a larger-scale combined tax and fee support policy, improve the VAT credit and tax rebate system, and expand the industry scope of the full refund of VAT credit and tax rebate policy. Further improve the personal income tax system that combines comprehensiveness and classification, and set up a special additional deduction for personal income tax for infant care under 3 years old. Do a good job in the connection of relevant preferential policies after the implementation of the stamp tax law, and further clarify the policy implementation caliber of stamp duty. Implement the statutory principle of taxation and actively promote the legislation of value-added tax, consumption tax, customs duties and other taxes. Improve the local tax system, combined with consumption tax legislation, study and promote the reform of the backward consumption tax collection link.

　　Third, the financial system is improving day by day. We will implement the reform plan for the division of financial powers and expenditure responsibilities between the central and local governments in the fields of health care, transportation and natural resources, and further clarify the scope of responsibilities between the central and local governments. Improve the relevant transfer payment management measures, rationally arrange transfer payment funds, improve the central-local balanced transfer payment methods, and standardize the transfer payment management of the central government to local resource-exhausted cities and key ecological function areas. Submitted to the General Office of the State Council for printing and distributing the Guiding Opinions on Further Promoting the Reform of the Financial System below the provincial level, and further rationalizing the financial relations between the governments below the provincial level.

　　Fourth, reforms in the fields of state-owned assets and state-owned enterprises have been steadily advanced. Implement the work related to the three-year reform of state-owned enterprises and promote the further deepening of the reform of state-owned state-owned enterprises. Improve the state-owned assets management system and speed up the revision of the Measures for the Administration of State-owned Assets Evaluation. Improve the reporting system of state-owned assets management. Deepen the reform of state-owned financial capital management and carry out special actions for the registration of property rights of state-owned financial capital. Study and improve the authorized management system of state-owned financial institutions and promote the reform of key state-owned financial enterprises.

　　(2) Accelerate the integration of construction budget management, and steadily improve the level of budget management informationization.

　　The integration of budget management takes unified business norms and technical standards as the core and integrated information system as the carrier, aiming at promoting the integration, coordination and efficiency of various budget management systems, which is the main support and important content for further deepening the reform of budget management systems. According to the deployment requirements of the State Council’s "Opinions on Further Deepening the Reform of Budget Management System", the Ministry of Finance has accelerated the overall operation of budget management integration. The integration of central budget management was fully promoted and implemented on the basis of successful pilot projects, and all central budget units carried out the compilation and compilation of the central department budget in 2023 through the integrated system of central budget management. The budget execution business is switched to the central budget management integration system in three batches. All local provinces have realized the online operation of the integrated budget management system, and basically covered the financial departments and budget units at the provincial, city and county levels. The local budget management integration system is connected with the national budget management data collection system, uploading financial budget data at all levels on a daily basis, realizing automatic collection of budget data and automatic tracking of transfer payment funds, which provides a powerful starting point for realizing overall planning of financial resources, adjusting and optimizing expenditure structure and improving the direct mechanism of normalized financial funds.

　　(3) Strengthen the prevention and resolution of major risks, and firmly hold the bottom line of no systemic risks.

　　Actively prevent and resolve local government debt risks. Adhere to the principle of opening the "front door" and strictly blocking the "back door" to form an effective "closed loop" system. In combination with the financial situation and debt risks in various places, reasonably calculate the debt limits in different regions, control the scale of new local government debt limits in high-risk areas, and avoid the continuous accumulation of risks; Strengthen information sharing and collaborative supervision among departments, unify understanding, unified caliber and unified supervision, and form a joint force of supervision; Resolutely curb the increase of implicit debt, steadily and orderly resolve the stock of implicit debt, publicly report the typical cases of implicit debt accountability, and play the role of accountability warning; Promote the disclosure of local government debt information and improve the transparency of local government debt. Effectively guard against the operational risks of grass-roots finance. Start the monitoring and early warning mechanism of treasury security in key counties and districts of the country, monitor the balance and security level of treasury on a daily basis, and give early warning to counties and districts with low security level of treasury. After receiving the early warning notice, the relevant provincial financial departments will understand and verify the situation at the first time and urge them to deal with it. Cooperate with the prevention and resolution of financial risks, cooperate with the establishment of financial stability guarantee funds, cooperate with the promotion of financial legislation, base on financial functions, adhere to the principles of marketization and rule of law, and support the proper response to various potential risks.

　　(4) Strict financial discipline and effective financial supervision.

　　First, strengthen the construction of accounting supervision system and mechanism. To study and draft the Opinions on Further Strengthening Accounting Supervision, and promote the improvement of accounting supervision system and working mechanism. Solidly promote the revision process of the Accounting Law of People’s Republic of China (PRC), the Law of People’s Republic of China (PRC) on Certified Public Accountants and the Regulations on Penalties and Punishment for Financial Violations, and introduce such institutional measures as the Measures for Supervision and Inspection of Accounting Firms, the Measures for Management of Self-examination and Self-correction Reports of Accounting Firms, and the Measures for Integrated Management of Accounting Firms, and strive to build a long-term institutional mechanism for accounting supervision.

　　The second is to conscientiously perform the duties of accounting supervision. We will continue to rectify the accounting and auditing order, and carry out rectification of accounting firms’ "unlicensed operation", online sales of audit reports, certified public accountants’ nominal practice, and certified public accountants’ practice beyond their competence. We will do a solid job in the special inspection of major cases in the accounting field, such as the practice quality of some accounting firms, announce the inspection and punishment of accounting firms in 2021, and promote the healthy development of the CPA industry. Improve the information supervision and service level of the CPA industry, launch a unified supervision platform for the CPA industry, and unify the entry and business handling rules for the CPA industry. We will implement nationwide verification codes for audit reports and promote the establishment of a single source system for audit report data. Promote some listed companies, accounting firms and banking financial institutions to carry out the pilot work of bank letters and certificates.

　　The third is to strengthen financial supervision and evaluation. Focus on the central government’s major decision-making arrangements and key areas, organize special inspections on hidden debts of local governments, financial operations in low-income counties, illegal return of income, and management of local financial accounts, continue to promote rectification of illegal construction of buildings and halls, strengthen overall guidance, and standardize financial management. We will continue to increase the intensity of key performance evaluation, focusing on key areas such as science and technology, culture, agriculture and rural areas, and organize 72 projects with 1.3 trillion yuan of funds to carry out financial key performance evaluation. For the first time, we will include the issuance of government bonds and interest payments, infrastructure investment projects at the central level, and state-owned capital operating budget projects at the central level. Do a good job in post-evaluation of transfer payment and major expenditure policies, and improve the efficiency of transfer payment funds and the effectiveness of major expenditure policies.

　　XI. Prospect of fiscal policy

　　In the second half of the year, the Ministry of Finance will adhere to the guidance of Socialism with Chinese characteristics Thought of the Supreme Leader in the New Era, conscientiously implement the decision-making arrangements of the CPC Central Committee and the State Council, adhere to the general tone of striving for progress while maintaining stability, fully implement the requirements of preventing the epidemic, stabilizing the economy and ensuring safety in development, effectively coordinate the prevention and control of the epidemic and economic and social development, better coordinate development and safety, implement a detailed and solid package of policies and measures to stabilize the economy, continue to do a good job of "six stabilities" and "six guarantees", and actively expand demand.

　　(1) Implement a proactive fiscal policy. We will continue to implement various combined tax and fee support policies and continue to release policy dividends. Seriously study and solve the outstanding problems reflected by market players, urge local governments to strengthen policy support, tap their own potential, increase support, and continue to help market players bail out development. Make good use of local government special bond funds and support local governments to make full use of special debt limits. Compacting the responsibilities of competent departments and project units, implementing the early warning mechanism of expenditure progress notification, and promoting the formation of physical workload as soon as possible. Strengthen the linkage between fiscal and monetary policies, support the landing of policy-oriented development financial instruments, and realize the comprehensive effect of expanding effective investment, promoting employment and promoting consumption.

　　(2) Strengthen financial support for major strategic tasks. Adhere to the problem orientation, continue to promote the breakthrough of key core technologies in key areas, support enterprises to strengthen technological research and development, and continuously improve their scientific and technological innovation capabilities. Support the overall promotion of key tasks of rural development, rural construction and rural governance, and firmly hold the bottom line of ensuring national food security. We will implement relevant fiscal and taxation policies to support the coordinated development of Beijing-Tianjin-Hebei, the construction of Guangdong-Hong Kong-Macao Greater Bay Area, the ecological protection and high-quality development of the Yellow River Basin, and the construction of Hainan Free Trade Port, so as to promote coordinated regional development. Support the vigorous development of renewable energy, and support the work of ensuring energy supply and price stability. Improve the emergency safeguard mechanism, improve the national reserve system and market regulation mechanism.

　　(3) Effectively safeguard and improve people’s livelihood. Actively respond to the epidemic, disaster, hot weather and other influences, and help the unemployed, those who need to be included in the minimum living allowance, and those who are temporarily in trouble in time. In terms of protection and assistance, the expansion of the encirclement should be guaranteed, and the basic livelihood of the people in need should be guaranteed. Consolidate and expand the achievements of poverty alleviation, accelerate the comprehensive promotion of rural revitalization, ensure that there is no large-scale return to poverty, and continuously improve the production and living conditions of people out of poverty. Broaden market-oriented employment channels, encourage enterprises to absorb employment through social security subsidies, venture loans, tax reduction and exemption, implement preferential policies to guide graduates to work at the grassroots level, and do everything possible to stabilize and expand employment. Continue to ensure that pensions are paid in full and on time, and do a good job in people’s livelihood such as compulsory education, basic medical care and basic housing.

　　(4) Strengthening the management of fiscal revenue and expenditure. Increase the overall planning of budget revenue, organize fiscal revenue according to laws and regulations, and vigorously revitalize existing funds. Strengthen budget constraints and performance management, accelerate the construction of expenditure standard system, further standardize expenditure management and optimize expenditure structure. Accelerate the overall operation of the integrated budget management system and improve the standardized, scientific and standardized level of budget management at all levels. Adhere to the government’s tight life, strictly implement the reduction of non-urgent and non-rigid expenditures, and free up more funds to stabilize market players, stabilize employment and protect people’s livelihood.

　　(5) Strengthen financial sustainability. Further deepen the reform of the fiscal and taxation system and accelerate the establishment of a modern fiscal system. In combination with promoting the reform of the financial system below the provincial level, we will improve the ability of grassroots financial security and firmly grasp the bottom line of "three guarantees" at the grassroots level. Regularly carry out the management verification of the use of special bond funds, strictly implement the management requirements of the negative list of special bonds, and ensure that the funds are used in compliance with the law. Strengthen departmental information sharing and collaborative supervision, resolutely curb new hidden debts of local governments, and support local governments to resolve hidden debts in an orderly manner.

　　(six) further serious financial discipline. Strengthen supervision and inspection around the major decision-making arrangements of the CPC Central Committee and the State Council, and promote the implementation of major fiscal and taxation policies. We will continue to standardize the order of financial auditing and increase penalties for financial fraud and other illegal acts. Improve the accounting supervision system and working mechanism, strengthen the coordination between accounting supervision and other supervision, make full use of modern information technology means such as "internet plus Supervision" and big data, and improve the supervision ability and effectiveness.

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The exterior design of the Eπ 008 is unique. The front face is outlined with sharp lines and matched with a unique air intake grille, which makes the overall shape more dynamic. The overall style is full of futuristic feeling, and the smooth body lines and carefully designed details complement each other, showing a unique personality and charm.

eπ008车身尺寸为5002mm*1972mm*1732mm，轴距达到了3025mm，提供宽敞的内部空间。车侧线条流畅且动感，配合21英寸的轮圈，轮胎规格为265/45 R21，突显出时尚的运动风格。

eπ008的内饰采用了简约而时尚的设计风格，宽敞的驾驶舱给人以舒适和现代感。方向盘采用高品质的皮质材料，不仅手感舒适，还支持手动上下和前后调节，让驾驶员可以根据自身需求调整到最适宜的位置。中控台上的15.6英寸超大屏幕是内饰的一大亮点，集成了多媒体系统、导航和语音识别控制功能，提升了驾乘的便利性。车内还配备了前排2个USB接口和后排3个Type-C接口，方便乘客充电和数据传输。此外，前排还设有无线充电功能，满足了现代人对移动设备的充电需求。座椅方面，eπ008使用了仿皮材质，主副驾驶位均支持前后、靠背、高低调节，同时还具备加热、通风功能。主驾驶位座椅还配有头枕扬声器，为驾驶员提供更佳的音质体验。第二排座椅同样支持多向调节，包括腿托调节，为乘客提供了更加舒适的乘坐体验。此外，车辆还配备了电动座椅记忆功能，可以存储和恢复驾驶位、副驾驶位以及后排座椅的位置设置，极大地方便了日常使用。

eπ008搭载了一台高性能发动机，最大功率达到200千瓦，峰值扭矩达到340牛·米。这样的动力配置确保了车辆在加速和行驶过程中拥有出色的响应和强劲的动力输出，为驾驶者提供卓越的驾驶体验。

对eπ008的外观给予了高度评价，他认为这款车外观很大气，符合个人喜好，并且特别推荐购买白色版本，他认为白色不仅显得大气，而且还不用额外加钱。这充分证明了eπ008在外观设计方面的成功。

Citizens buy instant noodles in supermarkets. Photo by our reporter Yuan Tieli

　　The rise of online takeout has had a direct impact on instant noodles, and the consumer groups of the two are highly compatible. Many young people who used to live at home and live on instant noodles are the main force of online consumption. Now, you can wait for a meal after paying online, which is even easier than soaking instant noodles.

　　More importantly, online food delivery is obviously much better than instant noodles in terms of taste and meal size.

　　Online takeaway is developing rapidly, while the instant noodle industry is shrinking. Will online takeaway be the terminator of instant noodles?

　　Over the past few days, various institutions and platforms have been releasing big data on the takeaway industry, research reports on the takeaway industry, and white papers on catering takeout. From this information, it can be seen that the development of online takeout has indeed been very rapid in the past two years. On the contrary, the sales and performance of instant noodle giants have been shrinking year by year.

　　Recently, a reporter from Chongqing Morning Post conducted a survey of the instant noodle market in our city.

　　1 in 10 people order takeout once a day

　　According to iiMedia Research data, in the first half of 2017, the high-frequency client base that carried out online takeaway catering consumption at least once a week accounted for nearly 80%, of which 10.2% of online users consumed an average of one or more times a day.

　　That is to say, at least one in 10 people ordered takeout once a day.

　　Among these people who order food for takeout, the main group is middle-income white-collar workers. The data shows that among the high-frequency click groups for takeout, 82.3% of users have an income distribution of 3,000-10,000 yuan, and 7.1% of users have an income of more than 10,000 yuan.

　　And these people happen to like the Internet and stay at home, making them the main consumers of instant noodles.

　　According to China’s takeaway big data, the size of our country’s O2O takeaway market has exceeded 100 billion yuan in 2016, and it is expected to break through 700 billion yuan by 2020.

　　According to the statistics from the Ele.me food delivery platform, Ele.me has provided takeaway services for nearly one-tenth of the population in China, and has generated income for merchants with a cumulative 2 million +. It is expected that the penetration rate of takeaway users will reach 80% in 2020, and the user scale will reach 600 million.

　　Instant noodles are gradually falling out of favor

　　In contrast to the fission rise of online takeaway big data, the data of the instant noodle market can be said to be quite "ugly".

　　Data from the World Instant Noodle Association shows that in 2016, the Chinese mainland consumed 38.50 billion, down 17% year-on-year. Consumption reached 46.20 billion in 2013. Unity Group’s net profit in the first half of 2017 fell by 26.5% year-on-year, and instant noodles are falling out of favor in the Chinese market.

　　According to Nielsen statistics, Tingyi and Unified’s market share has occupied more than 70% of China’s instant noodle market for many years. But since last year, the financial reports of the two companies have been constantly reminding of risks, and the instant noodle business has been declining.

　　Last year, according to Nielsen’s statistics of 22 instant noodle companies across the country, nine of them experienced a decline in sales, and many brands have begun to adjust their business direction.

　　Supermarket instant noodle locations reduced by 30%

　　The reporter visited major supermarkets in our city yesterday and found that the instant noodles that used to occupy the prominent position of fast-moving consumer goods have been compressed to a relatively small position. And at the counter where the instant noodles are placed, some convenient fast food products such as self-heating instant rice and self-heating micro-hot pot are also placed.

　　"Now it has shrunk by a third," a promoter at the Golden Guanyin store in Carrefour told reporters. Not only has the area been reduced, but the sales of instant noodles are also much worse than before.

　　Afterwards, the reporter saw at Chongbai, New Century and Yonghui near Guanyin Bridge that the exhibition stands of instant noodles were indeed much smaller than before. However, there were many more varieties and brands of instant noodles than before.

　　In addition to the old-fashioned Master Kong and Unity, there are also South Korean Nongxin Xin Ramen, Baijia, Hewei, Yangyang, Tangdaren and other brands. In terms of taste, many new products have appeared.

　　■ statement

　　Consumers only bring instant noodles when they travel

　　Regarding the purchase of instant noodles, the reporter randomly asked some citizens, and most of them said that on the one hand, due to the same practice for many years, they rarely buy instant noodles due to health reasons; on the other hand, instant noodles are being replaced by takeaway and self-heating food.

　　"Now there is almost no need to buy instant noodles. Even if you want to have supper in the middle of the night, you can order food online, it is more convenient to deliver it to your home, and the taste is more moisturizing than instant noodles." One young man said he had indeed not bought instant noodles for a long time.

　　An aunt told reporters that for health reasons, she also reminds her children to eat less convenience food. However, every time she goes out, she still has to prepare some instant noodles to satisfy her hunger during the journey.

　　expert

　　The instant noodle market is not going away

　　Although the instant noodle industry has innovative products and flavors, it is still unable to fundamentally stop the impact of online takeout on the instant noodle market.

　　Professor Shen Hongbing of the School of Economics and Trade of Chongqing Technology and Business University believes that with the development of the Internet, the rise of takeout is inevitable, which reflects people’s higher requirements for quality of life and greater emphasis on health and nutrition.

　　Instant noodles have been popular for decades, but the production technology content of the industry itself is not high. However, big brands will still have a relative market, and the market structure will still be relatively stable.

　　"In the future, the market share of instant noodles will shrink greatly, but it will not disappear."

　　He believes that the overall technological innovation, scale innovation, and brand innovation of the instant noodle industry are all difficult, but fast food and fast food cakes are expanding rapidly. Therefore, these instant noodle companies can explore a lot of innovation space in the fields of fast-moving consumer goods and snack foods, and there is still a large blue ocean waiting to be developed.

　　Our reporter, Xu Ju

  From November 10 to November 13, 2023, the 2023 Digital Technology Ecology Conference organized by China Telecom and many well-known enterprises at home and abroad was held in Pazhou, Guangzhou as scheduled.

  Digital Technology Ecology Conference is an important event for China Telecom Group to show the ecological development of digital technology. Over the years, Digital Technology Ecology Conference has not only become an important business card of China Telecom, but also set up a stage for the global intelligent ecological development achievements. The theme of this conference is "Revitalizing Digital Technology and Setting sail", which comprehensively shows the latest achievements of digital intelligence in all walks of life, and the prospect of cooperation between China Telecom and other enterprises to promote digital reality.

  As a long-term strategic partner of China Telecom, Huawei Terminal presented its latest terminal products, new M7 and full-scenario solutions in the exhibition area of this conference, so that the participants can deeply experience all the products of Huawei Terminal.

  In order to fully display its achievements in intelligent ecological development, Huawei terminal has brought three advantages of "no one has me": ultra-high-end terminal products such as HUAWEI Mate60 Pro satellite communication, intelligent driving in the new M7, and extraordinary master HUAWEI Mate60 RS; And the three scenarios of "people are superior to me": sports health, terminal government and enterprise and whole house intelligence.

Satellite call: connecting you with the world time.

  As the annual flagship of the return of Huawei’s king, the Pro version of HUAWEI Mate60 series has added many black technologies, and the experience has been comprehensively improved. Among them, the satellite call function not only brings huge sound volume to the product itself, but also forms the "intergenerational" advantage of leading the industry, which opens the prelude to the great development of terminal satellite communication.

  From Tianshan to Mobei, from virgin forests to snow-capped mountains and glaciers, from remote isolated islands to towering peaks, people can always reach places where signals cannot reach. In order to ensure the connection in these extreme scenarios, Huawei went deep into the "no man’s land" of the communication industry. After three years of long exploration, it formed a full-dimensional innovation matrix from hardware, radio frequency, antenna, software, testing to operation, and established the world’s first mass intelligent terminal satellite communication solution from scratch, which made the two-way Beidou satellite news shine into reality.

  HUAWEI Mate 60 Pro is the world’s first smart phone that supports Tiantong satellite phone and two-way Beidou satellite message. Through the satellite communication baseband and RF chip, it can provide two-way satellite voice call function. It is matched with Tiantong satellite system developed by China, and HUAWEI Mate 60 Pro+ also supports Beidou satellite short messages, which can be used to make and receive satellite calls and send short messages by satellite, which is equivalent to providing dual-satellite communication function. This means that users can keep in touch with the outside world and get search information without ground network signals.

  This remote satellite communication technology will bring real changes to people in emergency relief, scientific research and mountaineering exploration, so that you can be connected with the world at all times. In addition to mobile phones, HUAWEI WATCH Ultimate has also become the world’s first smart watch to support two-way Beidou satellite messages.

 　

Intelligent driving; At present, the first choice of intelligent driving model-the new M7 in the world

  With the continuous expansion of the smart electric vehicle market and the increasing demand of consumers for high-quality car experience, the development of the smart driving industry has attracted more and more attention. In order to let users feel the intelligent performance brought by intelligent driving, Huawei has set up a new M7 test drive exhibition area.

  In September this year, the new AITO M7 model jointly developed by Huawei and Celestial was officially launched. In the past Mid-Autumn National Day holiday, the popularity of the new M7 model continued to rise. The reason why the new M7 in Wenjie can detonate the current medium and large SUV market is also attributed to its super-strong and all-round product strength and super-high intelligent price ratio.

  Wenjie new M7 has outstanding performance in design, internal space, intelligent technology, performance and safety performance, which can meet various needs of users. In terms of appearance, the design is simple and elegant, and the lines are smooth, showing a strong sense of science and technology. The interior space is very spacious, and the seats are arranged in a 2+2+2 "six seats" or 2+3 "big five seats", which can meet the needs of different families.

  In addition, the innovative strength of the new M7 in the world has also brought a strong psychological impact to the experiencer. The far-ahead HarmonyOS cockpit system perfectly integrates our mobile phone and car, and can be continuously upgraded to bring more new functions and experiences; L2-level automatic driver assistance system provides drivers with a safer and more convenient driving experience; Super active and passive safety provides more comprehensive protection for passengers.

 　

Ultra-high-end terminal: smart and distinguished new experience

  As we all know, Huawei’s product system has been very rich, covering a wide range of categories and price ranges, and it is widely welcomed and praised for its super-high performance experience and product performance that directly hits user needs or pain points.

  At this exhibition, Huawei also opened up an ultra-high-end terminal exhibition area separately. The extraordinary masters of HUAWEI Mate 60 RS and HUAWE Watch Ultimate appeared in unison, attracting many media and crowds to watch.

  In this fast-paced modern society, business elites not only pursue Excellence, but also pursue products that can meet their high-quality life needs. The extraordinary master of HUAWEI Mate60 RS and HUAWEI Watch Ultimate Design are perfect partners to create extraordinary life. They can not only satisfy the high-end elite’s pursuit of quality life, but also bring unprecedented distinguished enjoyment and intelligent experience. Whether in business meetings or social occasions, it is the best choice to show your identity and taste.

  From the appearance, the extraordinary master HUAWEI Mate60 RS adopts the legendary star diamond design and applies the concentric design concept to embed the octagonal image module of the star diamond on the back cover, which gives a luxurious and clear visual impression. The nylon and plain leather materials on the ordinary version are replaced by ceramic materials, and two color matching versions are provided: red and black. Ruihong ceramics are precious and rare; Dark ceramic, deep and remote. On the basis of the second generation of Kunlun glass, the extraordinary master HUAWEI Mate 60 RS adopted basalt tempered glass technology to create basalt tempered Kunlun glass, which is super scratch-resistant and super tough.

  Like HUAWEI Mate 60 Pro+, the extraordinary master HUAWEI Mate 60 RS also supports Tiantong satellite calls. In terms of battery life, a 5000mAh battery is built in, which supports 88W wired super fast charging and 50W wireless super fast charging. In other aspects, the highlights such as the super spotlight main camera and the ark engine all highlight the high-end level of the extraordinary master of HUAWEI Mate60 RS.

  With the blessing of technology and demand, the smart watch industry is also moving towards high-end. The extraordinary master of HUAWEI WATCH ULTIMATE DESIGN integrates excellent design and luxurious materials, which not only leads the market once again, but also expands the new development of the smart watch industry.

  As Huawei’s first gold watch, it manually inlaid six sections of 18K gold on the nano-microcrystalline ceramic bezel, forming a gold-inlaid jade bezel. The butterfly clasp pioneered by Huawei is adopted, which fits precisely and can be easily adjusted up to 12 levels without disassembly. It also supports two-way Beidou satellite news, equipped with 100-meter deep diving technology, and supports 100-meter diving and various diving modes.

  Ingenious design technology, intelligent guardian without me, the extraordinary master of HUAWEI ULTIMATE DESIGN pays tribute to the "extraordinary master" of this era with the ultimate pursuit of products.

 　

  In addition to the above three advantages of "no one has me", Huawei has also brought three scenarios of "people have me": including bicycle/treadmill family sports interactive experience scenarios, operator customized health management packages and personal health (micro-physical examination). Sports health solutions and smart wearable products; Solutions such as quantum password customization terminal, occupational health big data management, paperless office, and trusted call focusing on government and enterprise services; And the whole house intelligent solution that focuses on the combination of four family core interactive scenes: family watching, family network, family care and smart security.

  As an important exhibitor of this conference, Huawei Terminal presented its flagship new products, sports health, government-enterprise solutions, smart home and the latest M7 products, which not only provided a great opportunity for consumers to experience many flagship new products at close range, but also once again highlighted Huawei’s advantages and strength in technology and products. It is believed that in the future development of digital technology ecology, Huawei will further exert its strength in the field of scientific and technological innovation, and join hands with relevant ecological partners to the next level.

　

 　

 　

 　

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Every reporter Li Xing, Dong Tianyi, every editor Cheng Peng.　　　　

At 7: 00 pm on March 28th (this Thursday), Beijing Yichuang International Convention and Exhibition Center, Rongchang East Street, Yizhuang, Daxing District, Beijing officially launched Xiaomi Automobile, which attracted great attention from the whole network, with a total of 9 colors.Lei Jun also shouted out Yu Chengdong’s famous sentence "Far ahead" at the press conference-saying that Xiaomi’s car life is "far ahead".

"national business daily" Every headline reporter (referred to as every headline reporter or reporter) saw it at the press conference.LI Li Xiang, Xpeng Motors He Xiaopeng, Weilai Automobile Li Bin, Great Wall Motor Wei Jianjun, BAIC Group Zhang Jianyong and many other automobile industry leaders came to join us. siteAbout 1200 people witnessed the official listing of Xiaomi SU7, the first car of Xiaomi.

▲ Li Bin, Chairman of Weilai, He Xiaopeng, CEO of Tucki, Li Xiang, CEO of LI, Wei Jianjun, Chairman of Great Wall Motor, Zhang Jianyong, Chairman of BAIC, and other business leaders at the Xiaomi Auto Conference. Photo source: Photo courtesy of the company.

After all kinds of market quizzes, the price of Xiaomi automobile is yet we called and urged a thousand times before she started toward us! At the press conference, the price was finally officially announced. Lei Jun announced:

Xiaomi SU7 Standard Edition, priced at 215,900 yuan;

Xiaomi SU7 Pro version is priced the same as the new version of Tesla Model 3 Huan, 245,900 yuan;

SU7 Max, 299,900 yuan. The original price was 350,000 yuan, but the automobile market was too big, so the final price was 299,900 yuan.

Xiaomi SU7 has a long battery life, and the standard starting battery life is 700 kilometers under CLTC working conditions. Xiaomi SU7 Max version realizes 2s-class zero acceleration and 800km+ battery life at the same time.

▲ Image source: Live screenshot

Since then, Xiaomi Auto has officially entered the "Red Sea" of China auto market. Known as "Bao Shi Mi" (meaning that it looks like a Porsche), can Xiaomi’s car be as big as Xiaomi’s mobile phone? Can the price announced at present sell well? In the face of BYD, LI, Xpeng Motors and other "celestial groups", how does "Bao Shimi" rank among the first camp?

"Marketing strategy is worth learning from all new and old players"

Before the opening of the conference, Lei Jun recalled himself three years ago. "Building a car by Xiaomi will be my last venture, and I am willing to put my life’s reputation on the line and fight for Xiaomi Automobile." Lei Jun said frankly that this sentence not only brought him courage, but also put great pressure on him. "In the past more than 1,000 days, I have been afraid every day. Today it is finally time to hand in my homework. It is impossible not to be nervous." Lei Jun said.

And this top-down tension reached its peak before the press conference began. The hour hand was set back for 24 hours. On the evening of March 27th, the Beijing Yizhuang Xiaomi Automobile Production Base was still brightly lit at night, and the atmosphere of "preparing for war" was strong.

▲ On the eve of the conference, the office area of Xiaomi Automobile Production Base was brightly lit. Photo source: Dong Tianyi

Every eight hours after the headline reporter stayed here, the security personnel in the Ximen sentry box kept scanning everything outside the door, and any person and car who intended to approach might be "questioned". An olive-green millet SU7 was parked at the door. When the staff in the car saw the reporter take out his mobile phone, they quickly closed the door-24 hours later, the interior details of SU7 could not be decrypted.

"Don’t ask, don’t ask, we can’t say if we ask." On a row of trailers parked at the door, five millet SU7s are ready to go, and three of them are still covered with camouflage clothes. The trailer drivers told reporters that these cars "seem to be pulled for activities", but the specific location "can’t be said".

▲ Press conference site?pictureSource: Every reporter Li Xing photo

In fact, since the official announcement of the listing date of Xiaomi SU7 on March 12, since the evening of March 28, Lei Jun’s personal Weibo activity has increased rapidly, and he has intensively created momentum for the listing of Xiaomi SU7. As of March 27, Lei Jun has released nearly 50 related contents and videos about Xiaomi SU7, factories, manufacturing processes, etc., including the video of "Lei Jun answers questions from netizens" in five episodes, and the mystery of Xiaomi SU7 has also been separated with Lei Jun’s explanation.

▲ Guest at the press conference Source: Live video screenshot

"This is worth learning from all new and old players. That is, a well-planned and rhythmic marketing strategy. Use the appeal of Xiaomi brand and Lei Jun to guide consumers to look down and go down step by step along the purchase funnel. At the same time, the rhythm of marketing is also very strong, which pushes up the attention of the market step by step, never stays cold, keeps freshness and heat, and finally pushes it to the climax of listing. " On March 27th, Mei Songlin, a senior analyst in the automobile industry, said in an interview that the marketing process of Xiaomi Automobile, from technology to production, to products and finally to price, from inside to outside, from connotative technology to denotative products and prices, guides consumers to accept their products and prices more naturally.

"Just like we cook and eat, if we put the dishes on the table directly, it will feel like a common meal. If people who eat pay attention to the careful preparation of dishes, the cooking process and the addition of various seasonings, this meal will be particularly different and cherished. " Mei Songlin told reporters.

For Xiaomi SU7, Lei Jun emphasized that it was Xiaomi’s painstaking efforts more than once. On the eve of the launch of the new car, Lei Jun wrote in the Weibo, "If everyone feels good, please encourage more; If you feel bad, please point out that we will definitely listen carefully and work hard to improve, but please spray lightly. "

The standard version has a comprehensive cruising range of 700 kilometers.

Different versions are equipped with Contemporary Amperex Technology Co., Limited and BYD batteries respectively.

▲ XiaomiSU7Four kinds of hub tire combinations pictureSource: Xiaomi Auto Official Weibo

According to Lei Jun, the standard version of Xiaomi SU7 has a comprehensive battery life of 700 kilometers under CLTC working conditions. With the same 19-inch wheels, the battery life of Xiaomi SU7 standard version directly exceeds the long battery life version of Model 3. Xiaomi SU7 Max has a battery life of 810 kilometers, which is the only pure electric vehicle in China that can achieve 2-second zero-speed acceleration and over 800 kilometers battery life.

At the beginning of research and development, Xiaomi set a goal: to be the fastest production car within 500 thousand yuan, and to have the best driving experience within 500 thousand yuan. "Xiaomi Automobile wants to build’ Dream Car’ comparable to Porsche and Tesla’." Lei Jun stressed.

On March 28th, before Xiaomi SU7 went on the market, the reporter visited a 2S store in Beijing and learned that Xiaomi SU7 will be equipped with Contemporary Amperex Technology Co., Limited’s ternary lithium battery and BYD’s Ferrous lithium phosphate blade battery on different models.

▲ Beijing Daxing Xiaomi 2S Store Image source: Every reporter Li Xing photo

In Lei Jun’s view, intelligence is the soul of a car, and intelligence is Xiaomi’s strength. "Intelligent driving is an emerging track that Xiaomi Automobile focuses on. The company will continue to invest in the direction of self-developed intelligent driving technology in the whole stack, with the goal of entering the first camp in the industry in 2024." Lei Jun said.

At the press conference on the evening of March 28, Lei Jun was rightXiaomi automobileOur goal is to become the top five automobile manufacturers in the world through 15 to 20 years’ efforts.

Is it an explosion when it goes public?

Expert: There is a tough battle to be fought.

After the price is announced, the competitive environment of Xiaomi Automobile is instantly clear, and the challenges it will face are more certain.

On the one hand, it is the space pressure brought by the overall market trend. According to the latest data released by the Association, in February this year, the output, wholesale volume, export volume and retail volume of pure electric vehicles in the domestic new energy vehicle market.compare to the same period of the previous yearBoth showed a double-digit percentage decline. Looking back on the past year, the market share of pure electric vehicles in the domestic new energy vehicle market has dropped from 70.7% (March 2023) to 56.5% (February 2024).

▲ Image source: official website

It is worth noting that the sales volume of the pure electric car market where Xiaomi SU7 is located is the most obvious decline. According to the data of the Federation, in February this year, the sales volume of domestic pure electric cars was about 129,400, down 26.1% year-on-year and 43.3% quarter-on-quarter. Even based on the data of the whole year of 2023, the data of the Association show that the total domestic C-class pure electric car market last year was only about 254,000, and the penetration rate was only 1.2% of the overall market, with a year-on-year growth rate of 15 percentage points lower than the broader market.

On the other hand,Some people think that the overall growth rate of the market slows down and overlaps the narrow subdivision track, or firmly locks the development upper limit of Xiaomi SU7. The car market "Red Sea", which has gathered many powerful players such as Tesla Model 3, BYD Han EV, Kyk 007 and Tucki P7, has a high market concentration, which makes it more difficult for Xiaomi to break through.

According to official data, the direct benchmarking model Tesla Model 3 of Xiaomi SU7 sold about 147,000 vehicles in 2023, which is equivalent to the existing planned production capacity of Xiaomi automobile production base. The monthly sales volume of BYD Han EV is stable at around 10,000 vehicles; The "Geely" Galaxy E8, brand-new Krypton 001 and Krypton 007 cover the price range of 170,000 ~ 330,000 yuan. According to Jason Lin, vice president of Krypton Intelligent Technology, the monthly sales of Krypton 001 and 007 will hit 10,000 vehicles in April this year.?

▲ Lei Jun presented Wei Jianjun (right), Chairman of Great Wall Motor, with a Xiaomi su7 enterprise for the picture.

▲ Wei Jianjun, Chairman of Great Wall Motor, presented Lei Jun with a tank 700Hi4-T.?Photo courtesy of enterprises

More crucially, the above-mentioned models not only have the first-Mover advantage, but also have the scale effect and cost reduction potential. For example, the gross profit margin of Tesla bicycles was the lowest in recent years in the fourth quarter of 2023, but it was still 16.6%; After the baptism of last year’s price war, BYD’s gross profit margin of its automobile business increased, reaching 23.02%, up 2.63 percentage points year-on-year; Although Krypton has not successfully turned losses, its gross profit margin of the whole vehicle has reached 15%. With the continuous increase in the number of models with vast structures, the cost advantage brought by the high universal rate of parts will be further released.

The gross profit level and scale advantage are undoubtedly the decisive ability in the current price war competition. Statistics show that since late February, about 10 car companies have successively lowered the prices of their models. The price adjustment models are mainly pure electric and hybrid models, and the prices are concentrated in the range of 100,000 ~ 200,000 yuan, with the highest drop of nearly 15%, reaching 30,000 yuan.

In this context, many netizens ridiculed that the pressure was given to Xiaomi Automobile. "Recently, many friends have asked, the current industry competition is very fierce. Is Xiaomi Auto confident to open the market? Of course, we have confidence, because we are Xiaomi Automobile and we are fully prepared. " Lei Jun publicly responded that.

According to the goal set by Lei Jun, the sales target of Xiaomi automobile production car in the first year of delivery is 100,000, and it has entered the first camp of the industry; Through 15 to 20 years’ efforts, Xiaomi Automobile will become the top five automobile manufacturers in the world. "I am particularly worried that when it comes to fire, everyone will not buy it. What is even more worrying is that if everyone comes to buy it, it will take a year or two, and it will definitely be miserable. " Earlier, Lei Jun said in an interview with CCTV News.

Not only Lei Jun, but also Xiaomi automobile terminal sales are full of confidence in Xiaomi SU7 sales. A few days ago, when the reporter visited the offline store of Xiaomi Automobile, some sales said that he was not worried about the sales of Xiaomi SU7, but worried that if the pricing of the new car was particularly cost-effective, it would be difficult for the store to undertake. "If this car sells too well, I am afraid that the production capacity will not keep up, which will make consumers wait too long." The above salesperson explained.

However, for Xiaomi SU7, Mei Songlin, a senior analyst in the automotive industry, gave a different answer. "Xiaomi is a user-oriented enterprise, and the success of its products must be based on an accurate and thorough understanding of target users and target markets. But for Xiaomi, the automobile market is a brand-new market. Xiaomi also has a process of trial and error, learning and iteration, which is unlikely to be achieved overnight. " Mei Songlin said.

In fact, Xiaomi has entered the smart phone market since 2010. At present, it is the top three mobile phone companies in the world and the largest consumer-grade AIoT platform in the world. Whether it is OS, AI or robots, it has accumulated very comprehensive technical capabilities. These capabilities will be gradually applied to automobiles, and "smart driving+smart cabin+ecology" will become the technical commanding heights for Xiaomi automobile to participate in the competition.

Mei Songlin also admitted that in addition to the natural advantages of the new Internet forces, Xiaomi is good at both software and hardware, and has a strong ecological advantage. Relying on its growing ecosystem, it is possible to establish a vertically integrated industrial chain similar to BYD. But all success must be based on a thorough and accurate understanding of the target users and target markets.

Professor Ji Xuehong of north china university of technology also said in an interview that the current industry is in the second half of the intelligent development of automobiles. Although Xiaomi Automobile has certain advantages in intelligent hardware, and has formed certain user reputation and brand reputation, it is very difficult for Lei Jun to lead Xiaomi Automobile to break through in the increasingly competitive intelligent electric vehicle market. At least a few years after Xiaomi entered the market, there was a tough battle to fight.

Establish a "1+N" new retail model

Expert: It will reduce the cost input.

Like all car companies, Xiaomi Automobile practiced the strategy of "channel first", and when Xiaomi SU7 appeared at the end of last year, it simultaneously opened the channel layout.

On December 28, 2023, Xiaomi Group officially signed a letter of intent for cooperation with the first batch of 14 sales and service partners in Beijing headquarters, and issued the "Open City Recruitment Plan". The first batch of open cities included 17 cities including Suzhou, Chongqing, Ningbo and Nanjing. The recruitment type is Xiaomi Automobile Sales and Service Integrated Store (2S), and its functions include new car agency sales and authorized after-sales service, but it does not include the functions of vehicle resale and vehicle delivery. "Xiaomi’s automobile sales model fully integrates the experience of Xiaomi Group’s new retail system and creates an industry-leading new retail model for automobiles." Xiaomi Automobile said that Xiaomi Automobile’s sales, delivery and service channels give priority to the head market in the "1+N" mode and are distributed nationwide in batches.

▲ Image source: Xiaomi Auto official Weibo

It is reported that "1" stands for Xiaomi Auto’s self-built and self-operated delivery center, which focuses on delivery and covers the business of "sales and after-sales service". "N" stands for agent sales and user service contact. "The construction of sales stores and the construction of after-sales service network belong to heavy asset investment. Xiaomi Automobile will divest these two parts and put them on the traditional dealer side, which can not only use the advantages of traditional dealer channels to quickly increase sales, but also decompose capital investment and reduce input costs." Yan Jinghui, a member of china automobile dealers association Expert Committee, said in an interview.

According to Zhou Jingxia, assistant president of Shandong Yuantong Automobile Trading Group, this marketing model of Xiaomi Group can give full play to the resource advantages and network layout advantages of traditional dealers. Reducing the 4S mode to 2S mode can loosen the traditional enterprises, reduce the pressure of heavy asset management, mobilize the enthusiasm of enterprises, stimulate the vitality of enterprises and reduce their own operating costs.

Thanks to the first layout of the channel, Xiaomi Automobile can synchronize the first batch of tasting activities when setting the time for listing Xiaomi SU7. On March 25th, 59 stores and 17 limited-time exhibition halls in 29 cities across the country, a total of 76 stores started the static tasting of new cars at the same time, but it was limited to watching the appearance of Xiaomi SU7, and it was forbidden to open doors for internal experience and appreciation.

On March 26th, the reporter visited a 2S shop of Xiaomi Automobile in Beijing and learned that the Xiaomi SU7 exhibition car will be unlocked after 7 pm on March 28th, and the final decision and test drive will be started simultaneously. At that time, Xiaomi SU7 could not accept the user’s intention money.

On the occasion of the official operation of the first batch of stores of Xiaomi Automobile, Lei Jun has begun to openly solicit opinions from netizens for the site selection of the second batch of cities. "We collected everyone’s opinions, sorted out the candidate list (the list of 20 candidate cities), and asked everyone to help us choose 10 cities. We immediately chose the site for construction." On March 22nd, Lei Jun wrote in Weibo that.

From the outside world’s point of view, Xiaomi Automobile quickly laid out its channels throughout the country, which is conducive to expanding the user contact area of its products and preparing for its rapid increase in volume in the later period.

Everbright Securities believes in its research report that although Xiaomi entered the automobile market late, it is still possible to enjoy the advantage of backwardness. In addition, Xiaomi’s brand, user base, offline store channels, ecosystem and sufficient cash flow will all reflect its competitiveness.

He Xiaopeng, chairman and CEO of Xpeng Motors, once said that Lei Jun has a great chance to make good use of Xiaomi’s advantages. "Xiaomi Auto seems to be the last new force to build a car." He Xiaopeng publicly stated at the committee of 100 Forum on Electric Vehicles in China (2024) held on March 16th.

Lei Jun’s "Last Battle"

Three years ago (on the evening of March 30th, 2021), when Lei Jun shouted "Fight for Xiaomi Automobile", he showed his determination in last stand. At that time, Lei Jun said, "This is the last major entrepreneurial project in my life. I am willing to put all my reputation in life and personally lead the team to fight for Xiaomi Automobile!"

▲ On March 27, at the entrance of Xiaomi Automobile Production Base, Xiaomi SU7 was ready to be shipped. Image source: Photo by reporter Dong Tianyi.

Since the official announcement of the listing date of Xiaomi SU7 on March 12, and the evening of March 28, Lei Jun’s personal Weibo activity has increased rapidly, and he has intensively promoted the listing of Xiaomi SU7. As of March 27, Lei Jun has released nearly 50 related contents and videos about Xiaomi SU7, factories, manufacturing processes, etc., and also released a video of "Lei Jun answers questions from netizens" in five episodes.

From the video of "Lei Jun answers questions from netizens", Lei Jun sat in Xiaomi Automobile Factory, and publicly responded to Xiaomi SU7 pricing, vehicle positioning, how to treat Apple’s termination of car-making, the advantages of Xiaomi’s car-making, and the comparison of Xiaomi’s car-making with Tesla and Porsche.

On March 25th, Lei Jun said frankly in his personal Weibo, "In the past three years, I have been trembling every day, experiencing various difficulties and challenges. But there has always been a voice in my heart: forward! "

In fact, many people outside said they did not understand Lei Jun’s announcement that Xiaomi would build a car across the border and make it the last battle of his life. "Extending from smart phones to smart cars is the dream of all mainstream mobile phone manufacturers in China, and Xiaomi is no exception." On March 27th, Mei Songlin, a senior analyst in the automobile industry, said in an exclusive interview with every headline reporter that Xiaomi’s original ecology only lacked cars. Once people, cars and smart products are all available, its ecological advantages and comprehensive competitive advantages in the value chain will be further highlighted. Not only that, Xiaomi’s main competitor Huawei made cars across the border, which also promoted Lei Jun’s determination to lead Xiaomi to make cars to some extent.

Lei Jun had previously admitted in CCTV’s "Genting Dialogue" program that it was a forced decision for Xiaomi to build a car. "If you want to be a great company, you must follow the wind. At that time, the slogan was to develop smart electric vehicles." Lei Jun said that smart electric vehicles have become the integration of the automobile industry and consumer electronics, so it is a forced decision to build a car with Xiaomi. "If you don’t do it, you will fall behind."

After deciding to build a car, Lei Jun has been studying, researching and learning the advanced experience of various car factories, and has personally been to many car factories for investigation and study. It is reported that Xiaomi Automobile Factory set the engineer’s office in the middle of the workshop with reference to Mercedes-Benz Automobile Factory. In this way, the problem can be seen at a glance and the speed of dealing with the problem will be faster.

In November 2021, Xiaomi Automobile officially settled in Beijing Economic and Technological Development Zone, and planned to build a vehicle factory in two phases, with an estimated production capacity of 300,000 vehicles. The first phase covers an area of about 720,000 square meters with an annual production capacity of 150,000 vehicles, which was completed in June 2023. The second phase is scheduled to start in 2024 and be completed in 2025.

It is reported that Xiaomi took out $10 billion at the beginning of the decision to build a car as a cash reserve for building a car in the next decade, of which 10 billion yuan was invested in the first phase. The 2023 financial report released by Xiaomi Group (HK01810, share price of HK$ 14.94, market value of HK$ 372.7 billion) shows that the R&D expenditure of Xiaomi increased from 16 billion yuan in 2022 to 19.1 billion yuan in 2023, a year-on-year increase of 19.2%, mainly due to the increase in R&D expenditure related to smart electric vehicle business and other innovative businesses.

On December 18 last year, Lei Jun revealed that the first car of Xiaomi Automobile invested 3,400 engineers as a whole, and the entire R&D investment has exceeded 10 billion yuan.

Lei Jun said that the average car company has invested 300-400 people in building a car, and the R&D expenditure is 1-2 billion yuan, but Xiaomi is "more than ten times the investment". "There is no shortcut to the century-old track. I knew from the first day when I announced the car. We only have one way, that is, starting from the underlying core technology, investing 10 times, seriously building a good car, and being patient." Lei Jun said.

Planning |He Qiang Cong Gang Fan Wenqing

Reporter |Li Xing Dong Tianyi

Edit |Du Hengfeng, Yiqijiang, Cheng Peng

Vision |Liu qingyan

Typesetting |Yiqijiang

| national business daily ?nbdnews??Original article |

Reprinting, editing, copying and mirroring are prohibited without permission.

　　On March 18th, Wang Jiequn, Party Secretary and Director of Beijing Radio and Television Bureau, led a team to () Group Co., Ltd. for investigation. On behalf of the company, Xie Guangcai, director and executive vice president of the company, made a report and exchange on the company’s situation, contents and technological development in the field of network audiovisual.

　　Director Wang Jiequn and his party visited the Chinese online exhibition hall, listened to the reports of Chinese online on micro-short drama business, short drama going to sea, IP derivative, AIGC big model, etc., and learned about the problems and demands of the enterprise in detail, and had full exchanges with responsible comrades of relevant departments of the company.

　　Director Wang Jiequn summed up and put forward hope for the development of the enterprise. First, explore the transformation of excellent IP movies and TV plays. Many scripts of excellent TV dramas and miniseries come from online literature. Chinese online should give full play to its advantages, sort out and explore excellent IP, and also contribute to the development of the industry. Second, pay attention to creating fine content, and pay more attention to the depth of works, the spread of stories and the value of culture. The third is to give full play to the empowerment of science and technology to provide strong support for the fine and high-quality development of micro-short plays. Fourth, the Radio and Television Bureau should provide good services and actively assist in solving the difficulties of enterprises within the scope of policies. On behalf of the company, Xie Guangcai thanked the Municipal Bureau of Radio, Film and Television for its guidance and concern, and said that he would continue to play the leading role of digital content enterprises and promote the healthy development of the industry.

　　Wang Zhi, deputy director of the party group of Radio and Television Bureau, Zhang Nan, director of the office, Xia Fei, director of the network audio-visual management office, and Xia Chao, deputy director of the network audio-visual management office, accompanied the investigation. Yang Ruizhi, Vice President and Chief Operating Officer of Chinese Online, Li Kai, Senior Vice President, and Wu Jiang, Chief Technology Officer attended and reported the exchange.

Our reporter Roman

During the Spring Festival, the happiest thing is for the whole family to sit around and have a reunion dinner. However, for homeless vagrants, it is an extravagant hope to have a reunion dinner with their families. In order to let the rescuers have a warm and happy New Year, this (5th) morning, Luzhou Rescue Management Station specially held a Spring Festival Youth League activity for them.

Sticking Spring Festival couplets and decorating … The staff of the rescue station began to decorate the station for the upcoming Spring Festival a few days ago to create a festive New Year atmosphere. Early this morning, everyone began to be busy, preparing melons, fruits, snacks and delicious food for the recipients.

At noon, the recipients put on beaming new cotton-padded jackets, sat around, watched TV and had a reunion dinner to celebrate the New Year.

According to Jiang Weifen, the stationmaster of the municipal rescue management station, there are currently 14 recipients in the municipal rescue management station, four of whom have recently entered the station and are still in isolation. Due to the need of epidemic prevention and control, there are 10 recipients attending the annual meeting of the group today, and they also eat separately, and the other four are delivered by special personnel.

The staff served meals for everyone.

At the annual meeting of the Communist Youth League, although everyone wore masks, it was hard to hide their joy. The recipients and the staff were talking and laughing together, and they were very happy. Several recipients even danced with the music. The scene was full of laughter, joy and peace.

Jiang Weifen told reporters that all the 14 recipients at present have mental and intellectual disabilities, and they have not found out their identity and family information. The longest time to come to the station has been more than one year, of which the youngest is 15 years old and the oldest is about 70 years old.

Maybe they have a home in their heart, but they don’t know where they come from, where their home is, and whether they have any family. In the city rescue management station, the staff treat them as relatives and children, and take care of them patiently and carefully, so that they have a place to live and a "home". Having a reunion dinner together on the occasion of the New Year makes them feel the festive atmosphere and the warmth of home. This is undoubtedly the embodiment of the motherland’s growing strength, social civilization’s progress and love everywhere in the new era.

Original title: "This is a special reunion dinner …"