Today, the new energy vehicle market is surging. As an emerging force, Xiaomi Automobile has attracted much attention in every step. Recently, the news that Xiaomi plans to launch a model with a price of up to 800,000 yuan, Ultra Prototype, has triggered a wide discussion in the market. This model not only has excellent performance and high-end configuration, but also carries the strategic intention of high-end brand, market expansion and technological innovation of Xiaomi automobile.

Xiaomi SU7 Ultra Prototype, as a flagship model in Xiaomi SU7 plan, has remarkable performance parameters. According to related reports, the car is equipped with dual V8s+V6s three-motor all-wheel drive system, with an output power of 1,548 HP and an acceleration time of 0-100km/h of only 1.97 seconds, which is comparable to many top-class supercars. At the same time, its braking system is also excellent, and the braking distance of 100-0km/h is only 25 meters, showing excellent handling performance. In addition, the body is made of carbon fiber, which not only greatly reduces the weight of the car, but also improves the handling and endurance, bringing drivers a more extreme driving experience.

The high performance of Xiaomi SU7 Ultra Prototype undoubtedly provides strong support for its high price. In the high-end electric vehicle market, consumers’ pursuit of performance is often directly proportional to the price. Therefore, from the point of view of product performance and configuration, it is reasonable to price 800,000 yuan.

In addition, Xiaomi has been committed to enhancing the high-end image of the brand. The launch of the high-priced Xiaomi SU7 Ultra Prototype not only helps to consolidate Xiaomi’s position in the high-end market, but also enhances the overall value and influence of the brand. In the market competition pattern, there have been successful cases of high-priced models such as Tesla Model Slaid and Porsche Taycan Turbo GT, indicating that consumers have a certain degree of acceptance for high-priced high-end electric vehicles. Therefore, Xiaomi’s introduction of high-priced models is also in line with the trend of market competition.

Goldman Sachs’ prediction of Xiaomi SU7 Ultra Prototype also provides a basis for market recognition for its high selling price. Goldman Sachs predicts that this model will sell 4,000 units in 2025, with an average price of 800,000 yuan. Although this is only a forecast, it also reflects the market’s expectation and recognition of the high price of Xiaomi SU7 Ultra Prototype to some extent.

Xiaomi SU7 Ultra Prototype is not only a further promotion of the high-end strategy of its own brand, but also a strong impetus to the active expansion of market space and technological innovation. First of all, the introduction of high-priced models will help to enhance the brand image and overall value of Xiaomi Automobile. In the global automobile market, high-end brands often represent higher quality and technical level. Xiaomi can further enhance its popularity and influence in the global market by launching high-priced models.

Secondly, with the increasing awareness and acceptance of electric vehicles by consumers, the high-end electric vehicle market is gradually emerging. Xiaomi’s introduction of high-priced models will help to occupy a place in this emerging market, expand market space, and achieve sales growth and market share improvement.

Finally, high-priced models often need higher technical content and added value to support their selling prices. Therefore, Xiaomi’s launch of high-priced models will promote its research and development and innovation in core technology fields such as battery technology, drive system and intelligent driving. This will not only help to enhance the overall competitiveness of Xiaomi automobile, but also bring consumers a more advanced and intelligent driving experience.

Xiaomi will launch the SU7 Ultra Prototype with a price of 800,000 yuan. Although the pricing has not been officially confirmed, it is possible and reasonable to price it at 800,000 yuan in terms of product performance, high-end brand demand, market competition pattern and Goldman Sachs forecast. This move will have a positive impact on the brand image, market space and technological innovation of Xiaomi Automobile, and lay a solid foundation for the future development of Xiaomi Automobile.

　　

The front face of the 2022 overbearing 4000 adopts a larger thick air intake grille with an exaggerated front bumper, which gives a very strong sense of oppression, and the headlights are further elongated and extended to the bottom of the air intake grille, making the front face more domineering. Toyota overbearing 4000 brand-new image cross-country rough character, creating a completely different king style.

The off-road performance, reliability and comfort of 22 overbearing 4000s are all in by going up one flight of stairs, powered by a 4.0-liter V6 engine with a maximum power of 183/5600(Kw/rpm) and equipped with a 6-speed automatic manual transmission. Non-loaded body, low-speed four-wheel drive, all-terrain tires, middle and rear differential locks, and excellent data of contact angle and departure angle, Toyota Overbearing 4000 has all the rigidity necessary for a professional off-road vehicle.

The comfort of the interior space of the 2022 Toyota Overbearing 4000 shows another image. The steering wheel is novel and stout, with control keys such as audio and telephone arranged on it, which makes it feel outstanding. The new car is equipped with a very popular holographic imaging system. With the help of these cameras, no matter how crude the driving skills are, drivers can easily and confidently cope with various environmental road conditions.

Although the 2022 brand-new Middle East Toyota Overbearing 4000 adopts the design of 7 seats, it still has spacious rear space, and the electronic equipment in the car has also increased a lot, which meets the all-round needs of drivers and passengers, and the elegant new body. In addition, a big change is that the third row of seats adopts the bottom storage design, which can fold the seats into a flat storage platform, and the trunk with larger space can both store things and carry people.

Configuration: 2022 Toyota overbearing 4000 GXR configuration: sunroof, 265/55 R19 aluminum wheels, 150-liter fuel tank, rear-mounted spare tire with shell, body color electric rearview mirror, tail wing, integrated luggage rack, LED front fog lights, front and rear electric eyes Internal features: three-zone automatic air conditioning, center console, refrigerator, leather steering wheel, fabric seat, 9-inch navigation screen, 6 stereo, multifunction. Manual headlight adjustment, smart card, keyless entry safety features: 7 airbags, active traction system, reversing image, cruise control, ramp assist, Towson differential lock.

22 Middle East versions of Toyota Overbearing 4000 have simple and atmospheric design, perfect seat layout with three rows and seven seats, high utilization rate and excellent legroom performance. The four multi-function steering wheels with larger size are comfortable to use, more convenient to control and safer to drive. Although it adopts the setting of seven seats, it still has quite spacious usable space, and the electronic equipment in the car has also increased a lot to meet the all-round needs of drivers and passengers.

　Displacement (l): 3, 956. Maximum speed (km/h): 180, fuel consumption (L/100 km): 15L Engine: 6-cylinder V-type overhead double camshaft with 24 valves (connected with VVT-i intelligent timing variable valve control system), maximum power: 179(243 HP) /5200 Kw/rpm, and maximum torque: 376/. Fuel tank capacity: 87L Emission standard: driving mode: four-wheel drive, steering mode: power steering, suspension mode: front double fork independent suspension, rear four-bar linkage suspension, tires: 265/70R16, minimum steering radius: 5.7m..

　The off-road performance, reliability and comfort of 22 Toyota Overbearing 4000 are all in by going up one flight of stairs, powered by a 4.0-liter V6 engine with a maximum power of 183/5600(Kw/rpm) and equipped with a 6-speed automatic manual transmission. Non-loaded body, low-speed four-wheel drive, all-terrain tires, middle and rear differential locks, and excellent data of contact angle and departure angle, Toyota Overbearing 4000 has all the rigidity necessary for a professional off-road vehicle.

The rear space of 22 Middle East Toyota Overbearing 4000 is also remarkable. In order to make the capacity of the trunk change with the use, the Overbearing 4000 is equipped with a hidden third row of seats, which facilitates the space arrangement in the car to the maximum extent. Overbearing 4000 not only has amazing off-road performance, but also has excellent road driving performance and comfortable performance of high-end cars.

With the expectation of the Fed’s interest rate hike gradually declining, and it is almost certain that it will stop raising interest rates this year, small and medium-sized pharmaceutical stocks with historically low valuations are expected to usher in a wave of mergers and acquisitions this year. Combined with the merger situation in 2022, we believe that ten companies such as Argenx, Apellis and Sarepta have great potential to be merged by large pharmaceutical companies.

In addition to the ten pharmaceutical companies listed in this article, the following pharmaceutical companies or technical fields deserve attention:

ADC domain：Mersana Therapeutics、ImmunoGen；

CNS domain：Intra-cellular、Neurocrine、Sage Therapeutics;

Rare disease field：Mirum、Krystal Biotech；

Other fields：Halozyme、Prometheus、Viridian Therapeutics.

1、Argenx(NASDAQ:ARGX)

ARGX is a Dutch pharmaceutical company specializing in the research and development of alpaca-derived antibodies. It has three patented technologies related to the transformation of antibody Fc region, namely SIMPLE Antibody platform, NHance, ABEDEG and POTELLIGENT, and has the property of technology platform.

The drug VYVGART, which has been marketed by ARGX for treating myasthenia gravis, sells well, recording a sales income of US$ 131 million only in the third quarter of last year. It is estimated that the annual income will reach US$ 402 million, and the rights and interests of VYVGART in China have also beenZaiding medicineTake it. In 2023, ARGX also had some important milestones:

The company has submitted the subcutaneously injected version (SC) of EFGARTIMOD, which will be listed for approval on June 20th. Considering that VYVGART has been listed and sold well, the subcutaneously injected version of EFGARTIMOD has a high probability of being approved, and the sales revenue is more considerable.

In the second quarter, the SC version of efgartigimod will also release the phase III data for the treatment of chronic inflammatory demyelinating polyneuropathy (CIDP).

ARGX-113, a drug under research, will release two three-phase heavy data on the treatment of primary immune thrombocytopenia (ITP) and pemphigus vulgaris (PV) in the second half of the year.

ARGX is rich in pipelines, its technology platform has been verified, its sales revenue has risen rapidly, and with the blessing of many heavy catalysts this year, many Wall Street investment banks have listed ARGX as one of the promising biomedical enterprises this year.

2、Apellis(NASDAQ:APLS)

APLS is a biomedical company with complement technology, and its main drug is C3 inhibitor APL-2. At present, the drug has been approved for two indications: paroxysmal hemoglobinuria (PNH) and geographic atrophy (GA) secondary to age-related macular degeneration, among which the PNH indication was approved in mid-2021, and it sold for 65.1 million US dollars in the United States only last year (authorized to SOBI outside the United States).

APL-2 was recently approved for the treatment of GA, with a wide range of labels (including foveal and extrafoveal), and GA has a large market. The Wall Street investment bank even gave a peak sales forecast of $5 billion. At the same time, the doctor survey conducted by the investment bank showed that doctors and patients had high expectations for APL-2. It is estimated that doctors will use the drug in 20-50% of patients, with an estimated EOD of 70-80%.

In addition to the above-mentioned approved indications, the company has a layout in the fields of rare diseases, ophthalmology, nervous system, gene therapy, etc., among which gradual freezing disease (ALS) in cooperation with SOBI is the most important. APLS is a very suitable choice for large pharmaceutical companies that want to enter the field of complement technology or GA.

3、Alnylam(NASDAQ:ALNY)

Founded in 2002, Alnylam is a leading enterprise in the field of RNAi therapy. In the past five years, it has successfully brought five RNAi drugs to the market, and in 2022, it achieved sales revenue of 892 million US dollars, up 35% year-on-year.

According to product classification, ONPATTRO and AMVUTTRA, which have the same indications, recorded revenues of $122 million and $69 million respectively in the fourth quarter of last year, with annual revenues of $558 million and $94 million respectively.

GIVLAARI recorded a revenue of $47 million in the fourth quarter of last year and achieved a revenue of $173 million in the whole year; OXLUMO recorded a revenue of $24 million in the fourth quarter of last year and achieved a revenue of $70 million for the whole year.

In addition to the strong performance of existing products, relying on the RNAi therapy technology platform, ALNY is rich in research pipelines, and many pipelines are in the later stage, which has great commercialization potential in the short term:

Patisiran’s supplementary marketing application for the treatment of ATTR amyloidosis cardiomyopathy, and the approval time is October 8; This year, the third phase data of Fitusiran in treating hemophilia and the third phase data of Vutrisiran in treating ATTR amyloidosis cardiomyopathy will also be released.

In addition, the market for indications of some early pipelines of the company is extremely broad, such as Zilebesiran for treating mild and moderate hypertension, ALN-APP for treating Al Harmo’s disease, ALN-KHK for treating NASH, etc.

Whether it is the technology platform, sales performance, and future potential, ALNY is the target of mergers and acquisitions by large pharmaceutical companies.

4、Axsome Therapeutics(NASDAQ:AXSM)

AXSM is a model of Biotech in the field of central nervous system in recent years. Its share price has risen more than 30 times in the past four years, and it has also enabled CFO Nick Pizzie, who defected from Pierre Fabre USA in 2018, to gain wealth freedom. At that time, the market value of AXSM was less than 100 million US dollars.

Behind the stock price rise is AXSM’s successive clinical trials:

The third phase trial of AXS-05 in the treatment of major depression (MDD) and bipolar disorder in Az Harmo was successful, and the indication of MDD has been approved for marketing.

The third phase trial of AXS-07 for migraine was successful, and it is planned to submit NDA； this year;

The drug AXS-12, which is used to treat narcolepsy, has also been certified by FDA as a breakthrough therapy. It is currently in the second phase of clinical practice, and data will be released this year.

In addition to its own research and development, the company is also adept at business development (BD): in March 2022, AXSM bought Sunosi, a listed drug for treating narcolepsy, from JAZZ for $53 million, and in February this year, AXSM announced that it would grant Sunosi’s rights and interests in Europe, the Middle East and North Africa to Pharmanovia, and AXSM would receive an advance payment of $66 million and a milestone payment of up to $101 million.

For large pharmaceutical companies that favor the commercialization stage, AXSM with two CNS drugs on sale and multiple later pipelines is undoubtedly one of the most worthy M&A targets.

5、Ascendis(NASDAQ:ASND)

Ascendis Pharma is a long-acting drug company with a long-acting drug technology platform TransCon. At present, it mainly focuses on various rare diseases, reducing the frequency of drug use, improving patients’ compliance, reducing side effects, and thus improving the treatment effect. With the success of the third phase clinical trials of several drugs, the technical platform of ASND has also been verified.

At present, the company has three drugs under research: TransCon hGH (long-acting growth hormone), TransCon PTH (treatment of hypothyroidism) and TransCon CNP (treatment of achondroplasia).

In 2021, Skytrofa, the company’s drug for treating children’s growth hormone deficiency (GHD), has been approved for marketing. On April 30 this year, the FDA will approve the marketing of TransCon PTH, the company’s drug for treating adult hypoparathyroidism, and will also release Phase III data of TransCon hGH for treating adult growth hormone deficiency before the end of the year. In addition, the company also has pipeline promotion in the field of achondroplasia and tumor, and will provide updates of related clinical trials this year.

The performance of Skytrofa, a drug listed by ASND, grew well. In 2022, it achieved a revenue of 35.7 million euros, with a quarterly revenue growth rate of 39%.

In 2018, ASND also co-founded VISEN Pharmaceuticals with Vivo Capital, and Visen Pharmaceuticals acquired the rights and interests of ASND in Greater China. In November 2022, Weisheng Pharmaceutical submitted a prospectus to the Hong Kong Stock Exchange, intending to be listed on the main board of Hong Kong. In view of the vast domestic long-acting growth hormone market, Changchun Gaoxin, anke biotechnology and other companies have already laid out, and the arrival of Weisheng Pharmaceutical will intensify the competition in the industry.

In view of the company’s long-term drug technology platform and the pipeline in the late stage of commercialization and research and development, Ascendis Pharma is also one of the potential acquisition targets of large pharmaceutical companies.

6、Sarepta(NASDAQ:SRPT)

Sarepta Therapeutics is a leading enterprise in the field of treating Duchenne muscular dystrophy (DMD). At present, the company has three approved DMD drugs: EXONDYS 51, AMONDYS 45 and Vyondys 53. In addition to the drugs already on the market, the company is developing new therapeutic drugs such as gene therapy and gene editing around DMD, and at the same time, it has a layout for the indications such as limb muscular dystrophy (LGMD).

In the third quarter of 2022, the company recorded a product sales income of 207 million US dollars, and it is estimated that the annual income will reach 843 million US dollars, a year-on-year increase of 38%. In addition to strong sales performance, the company’s R&D pipeline is also worth looking forward to.

In the third quarter of last year, the company submitted the application for the marketing of gene therapy drug SRP-9001 for treating DMD, which was jointly developed with Roche. The FDA granted it priority approval, and the approval time was May 29th. The marketing application of SRP-9001 is supported by many clinical trial data, and the probability of approval is high.

For large pharmaceutical companies that want to enter the DMD field, SRPT is the best choice. However, the overseas rights and interests of SRP-9001 were authorized to Roche, which may lower the expectations of the acquirer.

7、Karuna Therapeutics(NASDAQ:KRTX)

KRTX is a company that develops drugs for the treatment of nervous system diseases. KarXT, its main drug, is an oral first-choice muscarinic agonist for M1/M4. It consists of xanomeline, a muscarinic agonist, and trospium, a muscarinic antagonist. It aims to preferentially stimulate muscarinic receptors in the central nervous system, and has the potential to treat serious mental diseases without relying on dopaminergic or serotonin, including schizophrenia and psychosis in Alzheimer’s disease.

In August, 2022, the company released the phase III clinical data of KARST in the treatment of schizophrenia, which not only reached the end of the trial, but also was superior to the existing therapies in terms of therapeutic effect, safety and patient coverage, and solved the problems of poor compliance and less coverage in the existing therapies, especially the clinical P value of KARST < 0.0001, which is extremely rare in the CNS field.

This data has been released, and KarXT is regarded as a game changer in the field of schizophrenia by investment banks such as Mizuho. It is estimated that it will reach $1.7 billion by 2028, and its peak sales will be above $5 billion.

The company plans to submit the listing application of KarXT in the middle of this year, and release the results of another phase III test named Buergent-3 in the first quarter of this year. This experiment is similar to the previous studies of EMERGENT1(Ph2b) and EMERGENT-2(Ph3), with a high probability of success, but initially the experiment was mainly conducted in Ukraine, and now most of the research is transferred to the United States, which has certain uncertainties.

8、Revance(NASDAQ:RVNC)

RVNC is a pharmaceutical company dedicated to developing cosmetic medical products. Relying on the unique TransMTS? peptide technology, it has developed a differentiated botulinum toxin for injection, which was approved in the third quarter of last year.

Different from the existing Dysport, Xeomin, Jeuveau and other products on the market, DAXXIFY is a new product that is truly different from BOTOX, the number one product in the field of botulinum toxin. In the treatment of brow wrinkles, the curative time of DAXXIFY is almost 1.5 to 2 times that of BOTOX, while the annual income of the latter is 14.6 billion US dollars.

Because of its remarkable effect, DAXXIFY aims at the top one-third of the existing users. Investment banks predict that DAXXIFY will occupy 30% of the US market and its annual sales will exceed $1 billion. In the first quarter (the fourth quarter of last year) just after it was approved, the sales of DAXXIFY experience users were already expected to be between $10.5 million and $11.5 million.

In addition to DAXXIFY, the company also has RHA fillers with less side effects and better effects than hyaluronic acid. The sales revenue in the first year after listing was more than 70 million US dollars, and the growth rate last year remained at 40%+. Different from other small pharmaceutical companies, the company also has a commercial platform OPUL?, which is a cloud platform integrating customer relationship maintenance and financial payment functions, providing services for all kinds of medical and beauty businesses. As of the third quarter of last year, the total platform GPV in the past 12 months exceeded 630 million US dollars.

In the environment of raising interest rates, large pharmaceutical companies facing the cliff of heavy drug patents are likely to be interested in mergers and acquisitions of RVNC with great sales revenue potential and quick results.

9、Krystal Biotech(NASDAQ:KRYS)

KRYS is a unique gene therapy company, which does not use the common adeno-associated virus or lipid nanoparticles to deliver genetic material, but loads the gene into herpes simplex virus (HSV-1) to make it reach its target in vivo. HSV-1 has higher carrying capacity than other gene therapy technologies, which not only broadens the scope of potential diseases that KRYS may treat, but also can realize repeated administration.

KRYS has developed a series of drugs for dermatoses and respiratory diseases on its gene therapy technology platform, among which the most important one is B-VEC for the treatment of dystrophic epidermolysis bullosa (DEB), which is currently in the waiting stage for PDUFA.

B-VEC has obtained the priority evaluation qualification granted by FDA. Due to CMC, the approval time was postponed to May 19th this year, and the probability of approval was high. If approved, this will be the first approved gene therapy for DEB.

Although the market of DEB is not very large, B-VEC has proved the feasibility of the company’s technology platform to some extent. Besides the skin diseases and respiratory diseases that have been laid out at present, the company has also started clinical trials to treat cystic fibrosis. In addition, Jeune Aesthestics, a subsidiary of KRYS, is still trying to enter the field of medical beauty.

With its unique technology platform value and several promising research pipelines, KRYS is expected to become an M&A option for large pharmaceutical companies.

10、Xenon(NASDAQ:XENE)

XENE is a company that focuses on the treatment of neurological diseases by regulating ion channels. The main indication is epilepsy. At present, there are four drugs under research in the pipeline, XEN1101, XEN496, XEN901 and XEN007, which have cooperated with well-known enterprises in CNS field, Neurocrine and Alexion (acquired by AstraZeneca).

In October, 2021, the company announced that XEN1101, the main pipeline, announced the success of the second phase of the clinical treatment of adult local epilepsy, and the FDA required the company to make another third phase to apply for listing. XEN496, another treatment for infantile epilepsy, is also in the third clinical stage, and it also needs a greater probability of success.

In addition, the company’s drug XEN1101 is still in the second phase of clinical treatment for major depression (MDD), and the market of MDD is bigger than that of epilepsy. If the data released in the second half of the year is good, it will increase the probability of the company being acquired.

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　　Cctv newsAccording to the website of the National Bureau of Statistics, in May, the total retail sales of social consumer goods was 3,594.5 billion yuan, a year-on-year increase of 12.4%; It increased by 9.3% compared with May 2019, with an average growth rate of 4.5% in two years. Among them, the retail sales of consumer goods other than automobiles reached 3,225.7 billion yuan, an increase of 13.2%. After deducting the price factor, the total retail sales of social consumer goods actually increased by 10.1% in May, with an average growth of 3.0% in two years. From the ring comparison, the total retail sales of social consumer goods increased by 0.81% in May.

　　1&mdash; In May, the total retail sales of social consumer goods reached 17,431.9 billion yuan, a year-on-year increase of 25.7%, with an average growth rate of 4.3% in two years. Among them, the retail sales of consumer goods other than automobiles reached 15,630.4 billion yuan, an increase of 24.4%.

　　According to the location of business units, in May, the retail sales of urban consumer goods reached 3,131.3 billion yuan, up 12.3% year-on-year, with an average growth of 4.5% in two years. The retail sales of rural consumer goods reached 463.2 billion yuan, an increase of 13.2%, with an average increase of 4.7% in two years. 1&mdash; In May, the retail sales of urban consumer goods reached 15,154.6 billion yuan, a year-on-year increase of 26.0%, with an average increase of 4.4% in two years. The retail sales of rural consumer goods reached 2,277.2 billion yuan, an increase of 23.5%, with an average increase of 3.7% in two years.

　　By consumption type, in May, the retail sales of commodities reached 3,212.9 billion yuan, up 10.9% year-on-year, with an average increase of 4.9% in two years. The catering revenue was 381.6 billion yuan, an increase of 26.6%, with an average increase of 1.4% in two years. 1&mdash; In May, the retail sales of commodities reached 15,652.9 billion yuan, a year-on-year increase of 22.9%, with an average increase of 4.8% in two years. Catering revenue was 1,778.9 billion yuan, up 56.8%, with an average decline of 0.3% in two years.

　　1&mdash; In May, the national online retail sales reached 4,823.9 billion yuan, a year-on-year increase of 24.7%, with an average increase of 14.2% in two years. Among them, the online retail sales of physical goods was 3,937.7 billion yuan, an increase of 19.9%, with an average increase of 15.6% in two years, accounting for 22.6% of the total retail sales of social consumer goods; In the online retail sales of physical goods, food, clothing and consumer goods increased by 24.2%, 28.2% and 17.0% respectively, with an average increase of 30.5%, 9.3% and 15.9% respectively in two years.

　　　　Citroen, an old French automobile manufacturer, mentions its proud C4. Some people will remember the chariot of Loeb, the champion driver of WRC Citroen team, and others will think of Sega, the main model of China C4 Dongfeng Citroen. Among C4 families with global sales of over one million, there is a C4 Coupe with low appearance rate in China. What is its strength? Yes, I didn’t know until the mule or horse "walked".

　　　　Citroen C4 Coupe’s three-door, five-seat hatchback design directly conveys the designer’s ideas to the world. It is full of personality but not publicity. In addition, its appearance frequency is not high, which makes it have a high turn-back rate, which makes many people look askance.

　　　　Compared with Sega, C4 Coupe’s family features show that they are of the same ancestry and have a "blood relationship" without looking at the second eye, but even the mistresses are not the same, not to mention that these two are only close relatives, and the difference is revealed in the "eyes". The size of C4 Coupe’s headlights and fog lights is delicate and smart, just as it is not only those with big eyes who are beautiful. The lines of the whole car are smooth, unlike most sports cars with sharp lines or rising waistlines, which is precisely the unobtrusive part of their personality.

　　　　The three-door hatchback is designed to show its sporty temperament. The VTS logo "Hot S" at the place where the cars are placed directly tells the theme, and the roof starts to slowly fall from the B-pillar and goes to the rear in one go. The sports tail at the tail is one of the highlights, and the 17-inch Ribalta aluminum wheel, as the second highlight, has a strong texture. These two details have made great contributions to highlighting its sports characteristics.

　　　　The size of the rear windshield and the rear body is just right, which not only takes into account a certain rear view, but also does not lose beauty. There is a saying that the taillights are arranged because of the limited space at the tail. From this point of view, the current taillight design is really a blessing in disguise, with a unique shape on the shoulders, which plays a good role in embellishing the overall beauty of the tail.

　

Jing Guan zong fa [2023] No.54

All units and departments of this customs:

　　In order to thoroughly study and implement the Supreme Leader’s Socialism with Chinese characteristics Thought in the New Era, thoroughly implement the spirit of the 20th Party Congress, fully implement the major decision-making arrangements made by the CPC Central Committee and the State Council on optimizing the business environment, further implement the relevant requirements of the "16 Measures for Customs to Optimize the Business Environment" issued by the General Administration of Customs, and combine the actual economic and social development of the capital to continuously create a "domestic leading and world-class" business environment in Beijing, Beijing Customs has studied and formulated the "27 Specific Measures for Beijing Customs to Optimize the Business Environment", which is hereby issued. The relevant requirements are hereby notified as follows:

　　First, improve the station and strengthen policy coordination.

　　All units and departments should effectively improve their political positions, proceed from the height of stressing politics and the overall situation, thoroughly implement the 27 Specific Measures of Beijing Customs to Optimize the Business Environment, and organically combine them with the 22 measures of the 2023 Beijing Customs Special Action to Promote Trade Facilitation and the 26 measures to promote Beijing’s high-level opening and high-quality development, and make overall plans to ensure that all measures achieve pragmatic results.

　　Second, pay close attention to implementation and form a joint effort.

　　All units and departments should strengthen the awareness of "a game of chess" and form a working mechanism of performing their duties, grasping and managing together and promoting together. All functional departments should take the initiative to do a good job of up-and-down linkage and left-and-right coordination, and promptly guide the scene to solve practical problems. In case of difficult problems in the process of implementing policies and measures, it is necessary to report to the relevant departments of the General Administration for instructions at the first time. At the same time, it is necessary to carry out policy evaluation in a timely manner, track the effectiveness, and timely form our experience, typical cases and policy suggestions that can be popularized and effective. All customs offices should focus on the concerns of market participants and the society, and do a good job in the implementation of various tasks. They should not only do a good job in the "prescribed actions" of various tasks, but also boldly explore the "optional actions" that are in line with reality, so as to strive for more highlights and more results.

　　Third, strengthen research and release policy dividends

　　All units and departments should study and implement the theme education of Socialism with Chinese characteristics Thought of the Supreme Leader in the new era, carry out in-depth investigation and study, understand the needs of enterprises in various forms, and get through the "last mile" of serving enterprises. In accordance with the requirements of the Notice of the General Business Department of the General Administration of Customs on Relevant Matters Concerning the Implementation of Article 16 on Optimizing the Business Environment of Customs (Comprehensive Letter [2023] No.67), we should comprehensively utilize traditional media and new media, and combine the activities of "sending the policy to the door", "sending 100 cadres to the grassroots" and "bringing the customs policy into thousands of households" to carry out classified publicity and training for different enterprise groups and the public, so that enterprises can listen.

　　I hereby inform you.

Beijing Customs　　　　

June 29, 2023　　

27 Specific Measures for Beijing Customs to Optimize Business Environment

　　First, continuously improve the efficiency of cross-border logistics

　　(1) Deepen the reform of "direct lifting by boat" and "direct loading at port", further optimize the mode and improve the quality, improve the participation and awareness of enterprises on the principle of respecting the wishes of enterprises, and promote the expansion of "direct lifting by boat" and "direct loading at port". Support Beijing airport to explore the pilot mode of "direct lifting" and "direct loading". (Responsible department: Supervision Department)

　　(2) Give further play to the advantages of territorial supervision, and give priority to inspection and quarantine of qualified agricultural products if they hit the operation instructions of territorial inspection and inspection, according to the application of enterprises. Carry out the "5+2" scheduled inspection, organize all subordinate customs to set up and make public the local inspection appointment telephone number, and timely carry out the inspection of goods according to the appointment time according to the application of enterprises, so as to reduce the waiting time of enterprises. (Responsible department: Inspection Office)

　　Two, support the import of advanced technology and equipment, special items.

　　(3) Optimize the import supervision and inspection process, and comprehensively promote the mode of monitoring and inspection of high-tech goods such as vacuum packaging. Strengthen policy propaganda and guide qualified enterprises to apply for high-tech monitoring and inspection. Strengthen information exchange and coordination with local government departments, standardize enterprises in the jurisdiction to fill in application materials and carry out preliminary filing. Track and evaluate the import and export control inspection of enterprises participating in the control inspection mode of high-tech goods such as vacuum packaging, and increase the sense of acquisition of high-tech enterprises. (Responsible department: Risk Control Branch)

　　(four) to carry out in-depth investigation and study, to do a good job of policy interpretation, to provide guidance services for the relevant enterprises to handle tax reduction and exemption procedures, so that they should be exempted. (Responsible department: Customs Office)

　　(five) to cooperate with the General Administration to improve the functions of the examination and approval and analysis system for entry-exit health and quarantine of special goods. Further promote the "intelligent approval" policy for special items and realize "zero waiting" for the approval of low-risk special items. Improve the risk assessment process and standards for high-risk special goods, and promote the application of "one increase, one decrease and one fixation" measures. (Responsible department: Health Inspection Office)

　　III. Promoting the import and export of agricultural, food and energy minerals

　　(six) to cooperate with the General Administration of agricultural products risk assessment and quarantine access, and promote the diversification of agricultural products imports. (Responsible department: Animal and Plant Inspection Office)

　　(seven) to meet the needs of industrial development, and actively strive for the innovation policy support of animal and plant quarantine system from the General Administration to help the export of agricultural products in the customs area. (Responsible department: Animal and Plant Inspection Office)

　　(eight) to implement the diversification strategy of food imports and promote the stability of the international food supply chain. Cooperate with the General Administration to carry out the pre-entry evaluation of meat products exported from Tunisia, Sudan and Morocco and the entry evaluation of aquatic products exported from Tunisia, and do a good job of access control from the source. To undertake the registration review task of overseas food production enterprises issued by the General Administration. (Responsible department: Food Safety Department)

　　(9) Continuously optimize the requirements and modes of inspection and supervision, implement "release before inspection" for imported low-risk mineral products and crude oil, implement "enterprise-applied" quality inspection for imported iron ore and cotton, and adopt the inspection results for imported clothing, cement and other commodities. (Responsible department: Commodity Inspection Office)

　　Fourth, continue to promote cross-border trade facilitation

　　(10) Promote the special action of Beijing Customs to promote trade facilitation in 2023, evaluate the business environment of the World Bank, and continuously improve the level of trade facilitation. (Responsible department: General Office)

　　(eleven) to promote the construction and application of "single window" in international trade, in accordance with the deployment of the General Administration, to promote the implementation of liquefied natural gas (LNG) online tax rebate, export goods subsidized/non-tax rebate certificate online verification and other service functions. (Responsible department: Customs Office, General Office)

　　(twelve) to support the local port management departments to carry out the pilot construction of "smart ports". Support the establishment and pilot project of Beijing double hub airport integrated service platform. (Responsible department: General Office, Supervision Office)

　　V. Helping to build a high-level open platform

　　(XIII) Promote the implementation of the comprehensive reform of the Comprehensive Bonded Zone and help the high-quality construction of the Zhongguancun Comprehensive Bonded Zone in Beijing. Promote the "bonded+e-commerce" model to promote consumption replenishment and potential release. We will promote three customs supervision modes of cultural works of art: "warehousing in the region+exhibition outside the region", "exhibition in the region+online transaction" and "bonded exhibition transaction". Promoting the mode of "bonded+quarantine" and improving the supervision efficiency of biomedicine. Promote the "bonded+warehousing" model to help enterprises increase revenue and reduce expenditure. (Responsible department: Enterprise Management Office)

　　Sixth, the service free trade agreement will play a better role.

　　(14) Do a good job in tracking and analyzing the implementation effect of preferential trade agreements, make classified policies, strengthen targeted policy propaganda and guidance for Beijing advanced certification enterprises, newly implemented member countries and import and export enterprises in related key industries, make full use of rules of origin to enjoy benefits, improve the utilization rate of agreements, further promote the high-quality implementation of RCEP, and continue to promote the reform measures of intelligent examination of certificates of origin and self-service printing to facilitate enterprises to fully enjoy benefits. (Responsible department: Customs Office)

　　(fifteen) to further explore and promote the characteristics of the "three wisdom" project, and actively promote the construction of intelligent border and intelligent access, and strive to form a replicable and scalable experience of Beijing. Relying on the international cooperation mechanism, we will actively publicize the concept of "three intelligences" in foreign exchange activities and exchange experience in building "three intelligences". Strengthen the political research and publicity of the "three intelligences" and increase the promotion of ideas and practices. (Responsible department: office)

　　Seven, to further facilitate the export tax rebate.

　　(16) In accordance with the unified arrangements of the General Administration of Taxation, the electronic interaction of customs declaration and invoice information is promoted by relying on the "single window", so that enterprises can automatically call the customs declaration and invoice information when they declare export tax rebates through the "single window" and the electronic tax bureau, which is convenient for enterprises to declare export tax rebates. (Responsible Department: Data Sub-center)

　　Eight, strengthen the cultivation of advanced certification enterprises.

　　(XVII) Under the framework of AEO mutual recognition cooperation of the General Administration of Customs, actively promote the implementation of AEO mutual recognition measures and do a good job in relevant mutual recognition evaluation. Focusing on enterprises that have trade relations with countries in the Belt and Road Initiative, member countries of the Regional Comprehensive Economic Partnership Agreement (RCEP), five Central Asian countries and Central and Eastern European countries, we will intensify credit cultivation for cross-border e-commerce and foreign trade integrated service platform enterprises, "specialized and innovative" and headquarters economy enterprises, expand the capacity of key enterprise cultivation libraries, carry out targeted cultivation for key enterprises, improve the quality and efficiency of cultivation, and actively cultivate and increase the number of advanced certified enterprises in customs areas. Through the combination of "online and offline", we will increase the publicity of customs AEO system and customs credit management related systems and expand the scope of publicity. (Responsible department: Enterprise Management Office)

　　IX. Expand the application of the voluntary disclosure policy

　　(eighteen) with the General Administration of voluntary disclosure policy revision. Enterprises that meet the requirements shall be given a lighter, mitigated or no administrative punishment according to law, and the late payment fee for tax payment shall be reduced or exempted according to law, providing enterprises with convenient channels for fault tolerance and error correction and law-abiding. Actively carry out publicity on the relevant policies of voluntary disclosure to enterprises, so that more enterprises that meet the requirements can enjoy the customs policy dividend. (Responsible department: Inspection Office)

　　Ten, promote the upgrading of processing trade.

　　(nineteen) in accordance with the unified deployment of the General Administration, innovate the customs supervision mechanism, support the development of new formats such as bonded maintenance and remanufacturing, improve the level of information management, and optimize operating procedures. Combined with the actual situation of processing trade in customs area, relevant facilitation measures are implemented, and suggestions for upgrading processing trade are put forward to the General Administration in various ways to promote the sustained and healthy development of processing trade and the stability of industrial chain and supply chain. (Responsible departments: Enterprise Management Office and Audit Office)

　　XI. Promote the sustained and healthy development of cross-border e-commerce

　　(20) Implement the comprehensive reform requirements of cross-border e-commerce customs supervision, refine and improve the system and measures of cross-border e-commerce online shopping bonded import supervision, and improve the standardization level of cross-border e-commerce online shopping bonded import supervision. (Responsible departments: Postal Office, Enterprise Management Office)

　　(twenty-one) in accordance with the requirements of the General Administration of pilot, timely promote the electronic tax payment function, to facilitate enterprises to handle tax payment business online. (Responsible department: Customs Office)

　　(twenty-two) to promote the strengthening of cross-border e-commerce B2B export overseas warehouse qualification mutual recognition with local authorities. On the premise of ensuring data security, provide relevant data services for local commercial departments. (Responsible departments: Postal Office, Statistics Office)

　　(23) Implement measures to upgrade the function of the return center warehouse, and strive to pilot the cross-border e-commerce online shopping bonded retail import cross-customs return mode and cross-border e-commerce general export goods cross-customs return. (Responsible departments: Postal Office, Enterprise Management Office)

　　XII. Support the development of new bonded maintenance formats.

　　(24) In accordance with the relevant regulations of the General Administration of Taxation, support enterprises in the comprehensive bonded zone to carry out bonded maintenance business of the Group’s domestically produced products, and support large-scale equipment such as aircraft, ships and offshore engineering structures imported by financial leasing enterprises registered in the comprehensive bonded zone to carry out bonded inspection and maintenance business outside the domestic area according to the existing regulations, so as to promote the orderly development of related businesses. Cooperate with local commercial departments to do a good job in customs supervision of bonded maintenance related to enterprises outside the comprehensive bonded area that meet the requirements. (Responsible departments: Enterprise Management Office and Audit Office)

　　Thirteen, continue to do a good job in technical trade measures consulting services.

　　(twenty-five) to carry out the annual statistical investigation of the impact of foreign technical trade measures, actively carry out enterprise publicity, research and comment and special trade concerns. Relying on the "Jingguan Technology and Trade" column and other channels to provide technology and trade information to help enterprises explore overseas markets. (Responsible department: General Office)

　　Fourteen, strengthen the customs protection of intellectual property rights.

　　(26) Strengthen the customs protection of intellectual property rights of independent brands, encourage independent brands and small and medium-sized enterprises with import and export needs to apply for customs filing of intellectual property rights, provide policy interpretation and rights protection guidance for enterprises, support enterprises to explore the international market, and provide support for enterprises to protect their rights overseas. Continue to carry out "Longteng Action 2023" and "Blue Net Action 2023". Strengthen the tips on intellectual property risks of import and export enterprises, and improve the ability of enterprises to prevent and resolve infringement risks. Provide targeted guidance and services to independent intellectual property enterprises to help cultivate enterprises with export intellectual property advantages. (Responsible department: General Office)

　　Fifteen, strengthen the analysis of foreign trade situation and customs statistics services.

　　(twenty-seven) to strengthen the import and export monitoring of key commodities, do a good job in foreign trade data release. Timely submit special statistical reports to local governments and statistical information of key commodities to the General Administration. According to the relevant regulations of the General Administration, the foreign trade data of Beijing area are published on the website of Beijing Customs on a regular basis. According to the deployment of the General Administration, we will promote the digital statistical service mode for the public. (Responsible department: Statistics Department)

　　According to data released by Guangdong Branch of the General Administration of Customs on the 19th, in 2019, Guangdong’s foreign trade import and export was 7.14 trillion yuan, which remained stable at the 7 trillion yuan mark after hitting a record high in 2018, ranking first in the country for 34 consecutive years.

　　More important than the total amount, the high-quality development trend of foreign trade is obvious:

　　—— Since private enterprises became the largest subject of foreign trade for the first time in 2017, import and export accounted for more than half of the province’s total for the first time in 2019, with strong vitality and resilience.

　　-Cross-border e-commerce grew by 45.8%, ranking first in the country, accounting for nearly 60% of the country’s total, of which export value accounted for nearly 80% of the country’s total, and new kinetic energy accelerated.

　　-The proportion of general trade increased to 49%, the export of integrated circuits increased by 51%, the scale of market procurement and export was the second in China, and the quality of trade continued to improve.

　　—— The European Union replaced the United States as Guangdong’s third largest trading partner, and its import and export of the Belt and Road increased by 6.3%, making the international market increasingly diversified; Imported consumer goods increased by 19.9%, imported medicines increased by 30.6%, and the domestic market demand was strong.

　　—— The import and export of Guangdong Pilot Free Trade Zone was 341.08 billion yuan, an increase of 27.8%. The dividends of various reforms in cross-border trade gradually emerged, and the role of "experimental field" was further enhanced.

　　The change of subject

　　The import and export of private enterprises increased by 5.6%

　　"The balance car we produce takes the middle and high-end route and has been growing continuously in the last three years." Lin Yang, assistant to the general manager of Shenzhen Troika Technology Industry Co., Ltd., said that the company’s annual export value is about 400 million yuan. After the newly developed foldable riding balance car this year, it is estimated that it can export tens of thousands of vehicles, each of which costs more than 200 US dollars.

　　Private enterprises are more dynamic, and the share of foreign trade is over half for the first time. According to the data of Guangdong Branch of Customs, in 2019, there were 69,900 private enterprises with import and export performance in Guangdong, an increase of 7,000 compared with 2018; The import and export value was 3.7 trillion yuan, up 5.6%, and its proportion in the total foreign trade value increased by 2.9 percentage points to 51.8% compared with the previous year, accounting for more than half of the total for the first time.

　　In addition, the import and export value of Guangdong state-owned enterprises was 418.99 billion yuan, an increase of 3.3%.

　　Driven by private enterprises, Guangdong’s foreign trade scale, after hitting a record high of 7.16 trillion yuan in 2018, continued to stabilize at the 7 trillion yuan mark in 2019, ranking first in the country for 34 consecutive years. This scale is 2.8 trillion yuan, 3.7 trillion yuan, 4.1 trillion yuan and 4.3 trillion yuan ahead of Jiangsu, Shanghai, Zhejiang, Beijing and other major foreign trade provinces in China.

　　Among them, Guangdong’s total annual export value was 4.34 trillion yuan, an increase of 1.6%; The total import value was 2.8 trillion yuan, down 2.9%.

　　Change of kinetic energy

　　The total value of cross-border e-commerce ranks first in the country.

　　In 2019, Guangdong imported and exported 110.79 billion yuan through the cross-border e-commerce management platform, with a growth rate of 45.8%, ranking first in the country, accounting for nearly 60% of the country’s total. Among them, the total value of cross-border e-commerce exports accounts for nearly 80% of the country.

　　Take the most typical city of Guangzhou as an example. According to the statistics of Guangzhou Customs, in 2019, the total import and export value of cross-border e-commerce in Guangzhou was 38.59 billion yuan, ranking second among cities in China, with an increase of 56.4%. Among them, the total import value was 25.32 billion yuan, an increase of 27.9%; Exports reached 13.27 billion yuan, up by 171.7%.

　　At present, Guangzhou is gradually moving from a cross-border e-commerce industrial cluster to a hub base. The whole modes of online shopping bonded import, direct purchase import, general export and special supervision area export have all landed, and the channels of "air, sea, land and mail" have been fully launched.

　　According to the "New Thinking and New Trends" Guangzhou Cross-border E-commerce New Business Summit held recently, the total import value of cross-border e-commerce in Guangzhou ranked first among cities in China for six consecutive years. At present, Guangzhou not only gathers well-known e-commerce enterprises such as Vipshop, Suning.cn South China Center, but also e-commerce giants such as Ali and JD.COM.

　　The Guangzhou Municipal Department of Commerce revealed at the summit that in 2019, the city launched a number of cross-border e-commerce innovation "playing methods", such as taking the lead in launching a global commodity traceability system for cross-border e-commerce, taking the lead in switching the national cross-border e-commerce import and export unified version system, and taking the lead in opening the "micro-police authentication" consumer identity information verification function, forming a cross-border e-commerce Guangzhou model.

　　The summit, hosted by Guangzhou Cross-border E-commerce Industry Association, is an important activity of the 2020 Guangzhou Social Organization Exchange Conference. At present, Guangzhou Cross-border E-commerce Industry Association has more than 300 member enterprises, including vipshop, JD.COM, Tmall, Suning.cn and other industry leaders, as well as representative enterprises of onion group, E-Ticket Union and Export Easy. Lin Songquan, president of the association and chairman of Tiansheng Group, said that in 2020, the association will join hands with more than 300 enterprises to strengthen their internal quality and external image, and implement the construction of party organizations. At the same time, we will develop new business models, tap the common needs of the industry, build stronger brands for associations and members, and strengthen and promote exchanges. Let’s work together to help Guangdong-Hong Kong-Macao Greater Bay Area enterprises cooperate and enter the "Belt and Road" for development.

　　What is even more exciting is that at the end of 2019, Shantou and Foshan were approved to set up cross-border e-commerce comprehensive pilot zones, and the number of cities in Guangdong that set up cross-border e-commerce comprehensive pilot zones increased to six. On January 18th this year, Shantou and Foshan were selected as pilot cities for cross-border e-commerce retail import. More "wide goods" go online and "go out to sea", and the new kinetic energy of foreign trade will further generate.

　　Changes in quality

　　The proportion of general trade increased to 49%

　　What do you think of the high-quality development of Guangdong trade?

　　-accelerating the optimization of foreign trade structure. In 2019, Guangdong’s general trade import and export was 3.5 trillion yuan, up 4.1%, accounting for 49% of the total foreign trade value, up 2 percentage points from 2018. At the same time, bonded logistics was 1.03 trillion yuan, an increase of 15.6%.

　　-export products have higher technical content and added value. The export of mechanical and electrical products in Guangdong increased by 0.7%, accounting for 68% of foreign trade exports. Among them, integrated circuits increased by 51%, medical instruments and instruments increased by 16.3%, metal processing machine tools increased by 12.4%, and the export of semiconductor devices increased by 8.5%. In addition, Guangdong exported 1,699 used cars, ranking first in the country.

　　-The regional trade pattern is more coordinated. The import and export of 9 cities in the Pearl River Delta reached 6.8 trillion yuan, which remained basically stable. The total import and export of eastern Guangdong, western Guangdong and northern Guangdong was 320.22 billion yuan, up by 2.1%, 14.3% and 4.6% respectively, both higher than the overall growth rate of foreign trade in the province.

　　The accelerated development of new formats is also a microcosm of the improvement of Guangdong’s foreign trade quality.

　　In Foshan, market procurement trade has effectively solved the "pain point" of foreign trade SMEs. "In the past, the’ single small miscellaneous goods’ goods purchased in the professional market could not be declared for export in accordance with general trade compliance, but after becoming a market procurement pilot, small and medium-sized merchants can now participate in foreign trade business." He Tianwen, general manager of Guangdong Shunde Native Products Import and Export Co., Ltd. said.

　　According to the statistics of Guangzhou Customs, in 2019, in the first year of the pilot operation of Foshan Shunde market procurement trade mode, there were 214 participating enterprises, 2,152 merchants were registered, 3.546 million tons of goods were exported, and the trade volume was 78.5 billion yuan.

　　Market procurement pilot has become one of the new growth points of Guangdong’s foreign trade export. In 2019, the province’s market procurement and export reached 239.34 billion yuan, ranking second in the country.

　　Market changes

　　The European Union replaced the United States as the third largest trading partner.

　　"Since 2019, our company’s wooden door exports to the EU have maintained a good growth trend. The main exporting countries are Ireland and the United Kingdom, with a year-on-year increase of about 20%." Wang Song, manager of Zhanjiang Senle Wood Industry Co., Ltd. said that it is expected that the export value to the EU will continue to grow this year.

　　In 2019, the European Union replaced the United States as Guangdong’s third largest trading partner, and the province’s import and export to the EU was 888.36 billion yuan, an increase of 11.1%.

　　In the view of Wei Jianguo, former vice minister of the Ministry of Commerce and vice chairman of China International Economic Exchange Center, the sorting translocation shows that Guangdong’s economic resilience is increasing, and "enterprises have made psychological and practical preparations for implementing market diversification".

　　Over the past year, Guangdong has actively responded to challenges, and the international market structure is quietly changing. Hong Kong, China and ASEAN continue to be Guangdong’s first and second largest trading partners, with the total import and export value of our province being 1.1 trillion yuan and 1.02 trillion yuan respectively, of which the import and export to ASEAN increased by 6.9%. In addition, the import and export of countries along the "Belt and Road" was 1.71 trillion yuan, an increase of 6.3%, and the number of trains shipped by China and Europe increased by 48.7%; Imports and exports to Latin America increased by 8.8%, and emerging markets flourished.

　　Li Kaiyi, director of the Research and Statistics Office of Guangdong Branch of Customs, analyzed that the development of emerging markets has been continuously strengthened, which has dispersed the risk of single market fluctuation and effectively hedged the impact of trade friction.

　　Over the past year, Guangdong has accelerated the tapping of domestic demand, and the domestic market has ushered in a "small outbreak". In 2019, Guangdong imported 219.62 billion yuan of consumer goods, an increase of 19.9%; Among them, fruits, cosmetics and aquatic products increased by 32.8%, 36.5% and 46.1%. In addition, imported medicines totaled 23.78 billion yuan, an increase of 30.6%.

　　Engine change

　　The import and export of Guangdong Free Trade Zone increased by 27.8%

　　At present, Shenzhen Customs has promoted the construction of "International Shipping Transfer, Distribution and Assembling Center", which distributes, assembles and transshippes imported goods, transit goods and export goods in the supervised warehouse of Qianwan Bonded Port Area, and builds the MCC Qianhai model.

　　Zhu Ye, deputy general manager of China Merchants Bonded Logistics Co., Ltd. believes that this has greatly enhanced the comprehensive service capacity of Shekou Port Area, which not only attracts the incremental supply of goods in ASEAN and other regions, but also saves the logistics cost of maritime transshipment and export for enterprises.

　　In the past year, Guangdong Pilot Free Trade Zone and ports made new progress in reform and innovation, and the degree of cross-border trade facilitation was significantly improved. According to the data of the Provincial Department of Commerce, in the first November of 2019, the overall customs clearance time for import and export in our province was 18.79 hours and 2.71 hours, which were 56.26% and 77.11% lower than that in 2017, respectively.

　　From the perspective of the whole year of 2019, the leading role of the Guangdong Pilot Free Trade Zone continues to increase. According to the data of Guangdong Branch of the General Administration of Customs, the total import and export of the three free trade zones was 341.08 billion yuan, an increase of 27.8%.

　　"In the next five years, I am more optimistic that Guangdong will take the lead in achieving high-quality trade development results, and the free trade zone is an important breakthrough." In Wei Jianguo’s view, Guangdong has the most complete manufacturing system and industrial chain in the whole country and even the whole world, which is an unrepeatable advantage formed by history, and Guangdong Pilot Free Trade Zone can easily realize the deep integration of "high-end manufacturing+modern services".

Time flies, and in the first quarter of 2025, it quietly came to an end.

This week, we will make a resumption of offline retail consumption in 2025Q1. Among the reference objects involved, the year-on-year object is 2024Q1, and the month-on-month object is 2024Q4.

The data of the re-launch are all based on CT of the instant win brand.The offline retail monitoring network of instant win brand CT covers cities at or above the county level (excluding townships, towns and villages), and deeply covers the core urban agglomerations of the country, including hypermarkets, supermarkets, small supermarkets, convenience stores and grocery stores. Win immediately through AI and big data technology to automatically clean the real-time full POS data of the transaction orders of sample stores. At present, there are more than 300,000 brands monitored in the instant win brand CT, with more than 14 million bar codes and more than 5 billion orders per year.

In order to ensure the consistency of the data sample range in each quarter, the data sources of the stores used this time are all continuous stores, that is, these stores were active in the offline retail monitoring network before April 2025. The sample sizes of stores in 2024Q1, 2024Q4 and 2025Q1 are the same.

For the quarterly offline retail express in 2024, please click:

Data Launch: 2024Q4 Offline Retail Express/Data Launch: 2024Q3 Offline Retail Express/Data Launch: 2024Q2 Offline Retail Express/Data Launch: 2024Q1 Offline Retail Express

1, the overall situation of the quarter

We selected four categories: food, beverage, wine and daily chemical, and observed the overall year-on-year situation of the quarter based on the continuous store samples.

First of all, the situation in this quarter, in terms of sales, the number of orders and the average cost of orders, 2025Q1 compared with 2024Q1, all indicators have declined to varying degrees. An obvious change is that sales decreased by 10.44% year-on-year, but the number of orders decreased by only 5.35% year-on-year, which means that the average amount of each order decreased significantly year-on-year, and consumers’ shopping budget for a single order still showed an obvious shrinking trend.

Another noteworthy point is that the annual Q1 usually includes the Spring Festival, which is also the most important festival consumption node in a year.

From the subjective point of view, festival consumption is usually affected by emotion and scene more than the so-called "just need" in weekdays, which may also indicate that consumers’ income expectations and optimism for the future are still being repaired in Q1 this year.

From an objective point of view, the rise of emerging formats such as snack discount and discount supermarkets, as well as the continuous increase of online penetration rate, have also produced a certain degree of "diversion" for the consumption of traditional retail formats, and this change may also continue.

From the ring comparison, compared with 2024Q4, it is also influenced by the Spring Festival, and the sales volume and the number of sales pieces have increased obviously, but the number of orders has not increased obviously, or it means that the above-mentioned problems of consumers’ expectations and shopping willingness, as well as the objective business diversion, have also caused a certain degree of impact.

In addition to the factors mentioned above, price is also one of the important factors that affect the change of sales.

Based on the price trends of food, beverage and wine in the instant win price index, we can also see the pressure of price changes on sales growth. In the immediate win price index, 100 is the price index baseline. A price index above 100 means that the overall price level of the category is higher than that of the same period last year, while a price index below 100 means that the overall price level of the category is lower than that of last year.

It can be seen that in January-March of 2025, except for drinks and wine, which were temporarily higher than 100 in February (or because the Spring Festival was misaligned with the Spring Festival in 2024), the price indexes of food, drinks and wine were all lower than 100 in the other months of 202404-202503, which means that the overall price levels of the two categories are in a continuous downward channel, and the food category is compared with the drinks and wine category.

Generally speaking, the main factors that promote the growth of consumer goods from the supply side are nothing more than "selling more" and "selling more expensive". Based on the overall monitoring of the five major retail formats by Win Now, the dispersion of formats and the outflow of demand from formats certainly constitute objective reasons, but in terms of sales scale and sales price, several categories as a whole are also facing greater pressure.

(1) Key categories

In order to further observe the situation, we selected some categories of packaged goods with large sales scale in offline retail channels from the above categories, and observed the changes in the share and importance of the categories through the year-on-year changes in the share of these categories in the corresponding categories. In terms of category selection, because this quarter includes the Spring Festival, it is slightly adjusted compared with 2024Q4.

Food category:

Dairy products: pure milk, yogurt, adult milk powder.

Leisure snacks: nuts, roasted seeds and nuts, chocolate, puffed food, biscuits, dried meat, candies and western-style cakes.

Instant food: instant noodles, instant vermicelli, instant sausage and self-heating food.

Quick-frozen food: quick-frozen glutinous rice balls, quick-frozen jiaozi, quick-frozen steamed stuffed buns and quick-frozen snacks.

Beverage category:

Milk-containing drinks, packaged water, vegetable protein drinks, soft drinks, instant fruit juice, sports drinks, instant tea, vegetable drinks, instant coffee and instant milk tea;

(2) Year-on-year comparison of 2)2025Q1/2024Q1-food category

Judging from the year-on-year changes in the market share of food categories, the categories with positive year-on-year growth in market share include quick-frozen snacks and quick-frozen dumplings in the category of quick-frozen foods, instant noodles in the category of convenience foods, and adult milk powder, yogurt and pure milk in the category of long-lost dairy products; The market share increased negatively year-on-year, including quick-frozen jiaozi and quick-frozen steamed buns in quick-frozen foods, instant sausage, instant vermicelli, self-heating foods in convenience foods, and all categories under leisure snacks.

Further analysis based on the above performance:

All kinds of orders in quick-frozen food show uneven performance. Among them, quick-frozen dim sum once led a lot of categories in the year-on-year growth rate of market share in 2024Q4, and it also led this quarter, and the quick-frozen glutinous rice balls performed well. Compared with quick-frozen jiaozi and quick-frozen steamed buns, the year-on-year growth rate was negative, which further confirmed the changes of consumers’ consumption scenes of quick-frozen food and their roles in household consumption.

Dairy products have ushered in a long-lost market share of all key categories, with a positive year-on-year growth rate. Among them, adult milk powder is still the leader. Comparatively speaking, although the market share growth rate of pure milk and yogurt is positive year-on-year, its growth rate is very small. On the other hand, after a period of "difficult period", dairy products seem to be welcoming their own "turning point", which may also bring trend changes to the subsequent development of the category, which deserves continuous attention;

Convenience foods are showing a trend of differentiation. Among them, the market share of instant noodles is still increasing year-on-year, while the market share of fast-food sausage and convenience fans is decreasing slightly year-on-year. It is noteworthy that this type of product has been in a "stall" state since the outbreak of hot food. From the situation this quarter, this stall has not improved.

Finally, the category of leisure snacks, all sub-categories under the category of leisure snacks showed a year-on-year decline in market share. On the one hand, the differentiation of demand in snack discount, independent stores and online has led to a great impact on the sales of leisure snacks in the traditional five formats; On the other hand, leisure snacks are always in a slightly embarrassing position in today’s healthy wave, which may be one of the reasons why consumers are less and less important in the overall food consumption;

(3) Year-on-year comparison of 3)2025Q1/2024Q1-beverage category

In the first quarter of each year, because it is in the low season of the traditional beverage industry, and it contains the important festival of the Spring Festival, there are many differences between the beverage categories and the overall situation of the whole year. At the same time, in 2025Q1, the key categories in the beverage market also showed some changes.

It can be seen that the categories of beverages with negative year-on-year market share growth rate are milk-containing beverages, vegetable protein beverages, instant milk tea and instant coffee. In the past, these categories performed well in winter or had strong attributes of holiday gifts, but their performance this year was not optimistic. At the same time, sports drinks, plant drinks, ready-to-drink fruit juice, packaged water, ready-to-drink tea and soft drinks are the categories with positive year-on-year market share growth. These categories are more powerful in summer and have limited gift attributes, but their performances are remarkable.

This may also represent some trends in the development of the beverage market: on the one hand, the influence of seasons on consumers’ product selection in beverage categories may be gradually weakening, and products that relieve summer heat may also have a wide demand and market in the cold winter; On the other hand, the gift-giving nature of beverage categories may also be weakening. During the festive season, more beverage consumption scenes have changed from gifts from relatives and friends to party sharing, and the well-sold product categories have naturally changed from the past strong gift-giving categories to categories with more personal consumption. These changes may mean some trends in the development of the beverage market.

Based on the four categories of food, beverage, wine and daily chemical, and the performance of the typical categories listed above, we will further analyze the data from three latitudes: "people" with retail orders as the core, "goods" with commodities as the core, and "market" with business channels as the core.

2. "People": retail order dimension

In the observation of order dimension, based on the above-mentioned typical categories of food and beverage, we extracted all the consumer orders with these typical categories in all orders in the quarter, and extracted the dimension data such as order quantity, category sales and category sales.

(1) Year-on-year sales volume, sales volume and order quantity

In this quarter’s retail express, for the convenience of classified viewing and comparison, we also divided the three indicators of sales volume, number of pieces sold and number of orders into food category/beverage category for separate observation.

First of all, the food category, we can see that in all key categories, except for the number of frozen snacks sold/orders slightly positive, all other categories showed a decline. Combined with the above-mentioned year-on-year decline of -10% sales in the market, the overall situation of quick-frozen snacks, adult milk powder, quick-frozen glutinous rice balls and instant noodles is slightly better than that in the market.

The categories with poor performance are self-heating food, dried meat, quick-frozen steamed buns, puffed food, etc. Among them, the sales of self-heating food in 2025Q1 compared with 2024Q1, the number of sales under continuous stores decreased by 35%, the number of sales decreased by 32.5%, and the number of orders decreased by 27.5%. This figure is very exaggerated and it is also very serious for the category. After the epidemic, this category of products and related manufacturers will be in the end.

Compared with food, the highlight category of beverage category is more prominent. In terms of positive growth, the growth momentum of sports drinks and plant drinks is similar, with the year-on-year growth rate of sales exceeding 10%, and sports drinks have been growing continuously for many years since around 2022, which deserves continuous attention. The performance of ready-to-drink juice this quarter is also remarkable, which may be related to its increased penetration in festivals and other scenes. In the past two years, ready-to-drink juice has been continuously used in many ways, such as multi-specification, multi-combination, party scene marketing, and health concept marketing, so that more types of products appear on the dinner table shared by parties, and even replace the stable position of soda and vegetable protein drinks on the dinner table to some extent.

From the perspective of decline, the obvious decline is still in the categories of milk-containing drinks, vegetable protein drinks, ready-to-drink milk tea and ready-to-drink coffee. Among them, the instant milk tea/ready-to-drink coffee immediately won a special study in mid-March (looking forward to 2025, ready-to-drink coffee/ready-to-drink milk tea: why do bottled products "fall behind"? ), vegetable protein drinks and milk-containing drinks are more traditional categories, lacking innovation and product-based growth momentum, making it difficult for scenes and people to expand continuously, or these traditional categories are "headaches".

There is also instant tea that needs special attention in this quarter. Before the summer of 2025, the sales volume, the number of pieces sold and the number of orders for ready-to-drink tea were all negative year-on-year, and the decline of the number of pieces sold > the number of orders > the sales volume, which is not a good signal for the category that grew rapidly last year, and needs continuous attention.

(2) Average cost per order and year-on-year change

The average cost per order can reflect the average shopping budget of consumers in this category, and the change of this value can also reflect the change of consumer price expectation and consumption expectation of this category (more emphasis is placed on describing the price expectation of consumers in this category).

Judging from the year-on-year changes in the average spending per order of various items in this quarter, compared with 2024Q4, the average spending is at a high level in both 2024Q1 and 2025Q1, and the main influencing factor may come from the impact of the Spring Festival on consumer demand and shopping budget.

From the perspective of various purposes, only the average expenditure of adult milk powder, ready-to-drink juice, instant noodles, ready-to-drink tea and packaged water has increased slightly, while most of the other categories have shown a year-on-year decline, which also echoes the price index of food and beverage that has been seen before for a long time below 100. The lower the price level, the shrinking the consumer’s shopping budget in the category and the corresponding degradation of the supply side. At present, this vicious circle may still exist.

Judging from the year-on-year decline, most snack categories have shrunk to a certain extent under the condition that the absolute value of the average cost per order is not high. In the past one or two years, with the popularity of white-brand products represented by snack discount format and the low concentration of most snack categories, leisure snack categories have become the "hardest hit" for price pressure transmission.

Another thing that deserves attention is pure milk and self-heating food at the tail. Combined with the changes of market share, sales volume and order quantity of these two categories, it seems that pure milk has got some positive feedback in the process of exchanging price for quantity, and the scale has been kept from falling with a part of price decline; Self-heating food category is not optimistic, even if the average cost per order has dropped by about 10%, the share, sales volume and order quantity still decline seriously.

(3) Average number of purchased pieces per order and year-on-year change

The average number of purchases per order can reflect the average single purchase of consumers in this category, and the change of this value can reflect the change of consumer’s consumption expectation and consumption price elasticity (more emphasis is placed on describing the change of consumer’s consumption in this category).

Similar to the year-on-year average cost per order, the average number of items purchased per order in 2024Q1/2025Q1 is also higher than that in 2024Q4, but the difference between Q1 and Q4 is not as big as the average cost per order. This may also reflect that between "spending more money" and "buying more goods", festivals have a greater impact on the former than the latter.

Judging from the situation of various items in the quarter, only three categories of adult milk powder, plant drinks and quick-frozen snacks showed a positive increase in the average number of items purchased per order, but the growth rate was almost negligible, while the other categories showed a decline as a whole.

Among the key categories, the vegetable protein beverage dropped the most. The traditional strong festival mental category in this beverage category dropped by about 10% in the average number of purchases per order. Perhaps its mind is being challenged in both the Spring Festival gift and the winter hot drink scene. Under the background that the festival beverage market is changing from "gift" to "gathering and sharing", vegetable protein drinks seem to be a little behind in terms of product types, specifications or combination methods, and many consumers’ minds about this kind of products even remain on the traditional concept of "iron cans are heated"; On the other hand, under the tide of beverage health, although the plant protein beverage is backed by the word protein, its deep cultivation in the concept of health is limited as a whole. In recent years, the only "oat milk" that has made achievements has gradually turned to the TO B channel because of the mediocre market feedback, and the concept of product health in the category may have greater room for upgrading in the future.

3. "Goods": Top SKU and category new product dimension

In the observation of "goods" with goods as the core, based on the typical categories of food and beverage mentioned above, we have drawn the market share of these categories in this quarter, the changes compared with last year, and the new products of these categories.

(1) TOP SKU of various projects and same/quarter-on-quarter changes

The first is the TOP SKU. In the following table, the TOP SKU is the category of 2025Q1, which is 2024Q1 year-on-year and 2024Q4 quarter-on-quarter.

In terms of the same/chain-on-chain change, "-"means that the SKU is ranked in the same time period as the previous one, "new" means that the SKU was listed for the first time in the same/chain-on-chain last quarter (does not mean that it is a new product), "↑" means that the SKU is ranked higher in this quarter, and "↓" means that the SKU is ranked lower in this quarter.

In the change of Top SKU this season, several changes are worthy of attention:

Instant noodles: the ranking of white elephant big spicy turkey noodles was further improved. Turkey noodle, a type of instant noodle product, was pioneered by South Korea Sanyang, but it was quickly promoted by white elephants in the local area and accepted by consumers. It is also a typical case of "combination of Chinese and Western" in the food industry. Win Now will carry out special research on Sanyang and White Elephant around the product category of turkey noodles in April, so please pay attention;

Nut roasted seeds and nuts: Because Q1 includes the Spring Festival, the TOP SKU of nut roasted seeds and nuts category is almost occupied by gift box products, among which three squirrels and three gift box products are on the list, with a rapid momentum.

In several categories of the whole quick-frozen food (quick-frozen jiaozi, glutinous rice balls, steamed stuffed buns and dim sum), all TOP SKU belong to Sanquan, Anjing and Missing only, and the head group of the category has a very strong control over the category.

Plant beverage: The performance of Yuanqi Forest from Red Bean Coix Seed Water/Jujube Lycium Juice has been further improved, ranking first and second in this quarter’s TOP5 SKU. Relatively speaking, the old rival Ipoh’s Zhiben Qingrun Chrysanthemum Tea series products have all declined in the ranking. (The fifth category to be supplemented)

(2) The quantity and share of new products changed year on year.

In this new category, we will observe the innovation activity and new product growth from two dimensions: the number of new products on the market and the market share of new products. The definition of "new product" by instant win brand CT is the new product information and bar code that was first registered in the offline retail monitoring network of instant win in this quarter.

Through the number of new products on the market, the market share growth of new products in the past and the share of new products in the current season, we can clearly understand the innovation and new product acceptance of various projects.

In terms of the number of new products, the number of new products listed in all categories showed a significant year-on-year decline. The categories that have increased in decline are western-style cakes, sweets, biscuits, dried meat, instant fruit juice, puffed food, etc. Among them, leisure snacks account for the vast majority of the categories with a large decline, and the number of new products in some categories has even dropped by more than 50% year-on-year, which is a real reduction in the number of new products.

Looking back at the number of new products in key categories in the quick reports of previous quarters, we find that the number of new products in most categories has been declining, and the reasons may be more critical:

?Oversupply and involution:Today, most food and beverage categories are already in the environment of complete market competition, and the related supply chain and product research and development are no longer barriers. Compared with a new product, it is a more difficult challenge to really support a new product, which also objectively creates the competitive situation of "thousands of troops crossing the wooden bridge". However, looking at this cycle in reverse, the overcrowded track and the low success probability of new products make brands/manufacturers not willing to promote new products, so it is difficult for the number of new products to grow rapidly.

?Industry dividends subsided:During the period from 2017 to 2022, innovations in consumer goods and new products based on raw materials, concepts and even brands and marketing did emerge one after another. However, with the decline of dividends and the slowdown of consumption upgrading, the scale competition and channel barriers of consumer goods made the new products face a rather unequal competitive environment when facing the old products. When the tide faded, this disadvantage became more obvious and insurmountable.

?SKU reduction and "head" strategy;In the retail market in 2024, adjustment and reform are undoubtedly the key words. All adjustment and reform directions are inseparable from the core strategy of "reducing the number of SKUs and increasing the proportion of head SKUs". Under this background, especially for categories with high concentration, the shelf space that channels can give new products is facing further compression, which leads to the continuous reduction of the number of new products listed.

The reduction of the number of new products on the market is inextricably linked with the survival and development performance of new products in the category, and the two sides are mutually causal and influential. Judging from the market share of new products in several quarters, biscuits, western-style cakes and other categories, as well as nuts, roasted seeds and nuts, plant drinks and other categories, have shown better survival performance of new products.

On the contrary, in several categories with high concentration and strong head brands, such as packaged water, pure milk, soft drinks, etc., whether it is the new products in Q1 and Q4 last year or the new products in this quarter, their living conditions are worrying and they are facing greater competitive pressure.

4. "Field": the dimension of format and city level.

In the part of "market", we go back to the categories of food, beverage, wine and daily chemical, and observe the year-on-year performance of various formats and cities under the collection of large categories.

(1) City-wide grade and year-on-year situation of each format.

The CT offline retail monitoring network of instant win brand collects and analyzes data based on five formats: hypermarkets, supermarkets, small supermarkets, convenience stores and grocery stores. We also extract the sales, order volume and average order cost of these five typical offline retail formats in this quarter and the previous quarter.

In this quarter, no matter the sales volume, the number of orders or the average cost per order, all formats showed a relatively obvious year-on-year decline.

Compared with the year-on-year comparison in 2024Q4/2023Q4, the year-on-year decline in sales of all formats shows some signs of increase, which may be related to the fact that the business scale of Spring Festival is higher than other quarters, which objectively magnifies this year-on-year change.

From the perspective of different formats, the year-on-year decline in the number of orders in big formats such as supermarkets/supermarkets has narrowed to be basically the same as last year, with a year-on-year decline of less than 3%. However, from the perspective of average cost per order, the year-on-year decline in the average cost per order of more than 7% has caused a greater drag. From the point of view of small supermarkets, convenience stores, grocery stores and other small formats, the drag of order quantity on sales year-on-year is greater than the impact of the decline in average cost per order. The number of orders has decreased by more than 5% year-on-year, and the largest grocery store has reached 11%, while the average cost per order has decreased by less than 5%.

(2) Full format, year-on-year situation of each city level.

The offline retail monitoring network of instant win brand CT covers cities at or above the county level (excluding townships, towns and villages) and deeply covers the core urban agglomerations in China. We pulled the relevant data of 2025Q1 of each city level and observed the year-on-year situation.

Similar to the business situation, in this quarter, from the first-tier cities to the third-tier cities and below, regardless of the sales volume, the number of orders or the average cost per order, all cities showed a relatively obvious year-on-year decline.

In terms of city level, from first-tier cities to third-tier cities and below, the year-on-year decline in sales is negatively correlated with the year-on-year decline in city level, that is, the higher the city level, the more obvious the decline; On the contrary, the lower the city level, the less the decline. Under the pressure of economic growth, consumers in first-tier cities are indeed facing greater pressure and more uncertain future expectations, which is also reflected in the basic consumption of food and beverage in the retail market. In the year-on-year average cost per order, the year-on-year decline of first-tier cities is also significantly higher than that of other cities, or it is closely related to the mentioned factors.

Unlike sales and average cost per order, which more represent consumers’ shopping budget and price mentality, the number of orders can more reflect the changes in population and consumer behavior and channel selection. It can be seen that the year-on-year decline of new first-tier cities is significantly higher than that of other cities. Comparatively speaking, consumers in second-tier cities, third-tier cities and the following two cities have smaller year-on-year changes.

Yet we called and urged a thousand times before she started toward us! The second model of Xiaomi Auto, YU7 (pronounced Y-U-7), was officially announced, positioning a pure electric SUV, and it is expected to be officially launched to the market during June and July 2025.

The body size of YU7 is 4999mm long, 1996mm wide and 1600mm high, with a wheelbase of 3000 mm.. The styling design continues the SU7 style, especially the details such as the front contour, headlights and taillights, which are the "family" characteristics of Xiaomi.

According to the application information, YU7 will be adopted. The peak power of the front and rear motors is 220kW and 288kW respectively, and the top speed is as high as 253km/h with Contemporary Amperex Technology Co., Limited.

Tyre size has two options, the basic version is 245/55 R19 and then 245/50 R20, and the front rim is small and then large. Optional upgraded version of the front 245/45 R21 and rear 275/40 R21 specifications, the rim size is the same, but the front is narrow and the rear is wide, which is a typical sports orientation. The brake disc is perforated and ventilated, and the front wheel is equipped with Brembo four-piston calipers.

Combined with the official map and some information previously exposed, we can see the detailed design adjustment and partial configuration of YU7. Comprises a headlight without a lampshade design, and the upper part is changed into a hollow air inlet; Unique black layered wheel arch; Full-coverage front cover and hidden inner button door handle, etc., these details are "heart to heart" with Ferrari.

The black bump on the lower edge of the front windshield may be integrated with a wrap-around HUD. Previously, a test car was photographed with a similar configuration. There is a camera on the B-pillar, which is likely to be a smart driving sensor, or the supporting face will be unlocked.

Lei Jun said that the reason why it will not be listed until the middle of next year is because a lot of road tests are still needed. After the appearance is announced, the body camouflage can be removed, making the test more comprehensive and detailed.

During the first half of next year, it is very likely that Tesla’s new version of Huan will be officially launched, when the two cars will face direct competition. Do you think Xiaomi’s new car sales can surpass Tesla’s? How much will you start pricing this car? Leave your opinion in the comments section.

　　On June 1st, several experts attending the 13th Oriental Cardiology Conference (OCC) held a live breakfast in the Oriental Live Room. Why did the experts at the cardiology conference talk about breakfast first?

　　In April 2019, a study published by JACC, an authoritative academic journal, prospectively proved that skipping breakfast is related to higher cardiovascular mortality. Eating the right breakfast can protect your heart! Let’s listen to the advice of these experts.

　　Academician Ge Junbo of Zhongshan Hospital affiliated to Fudan University: Eating the right breakfast can protect your heart.

　　Someone once called breakfast "the first expectation in a day", but with the acceleration of the pace of life, we have less expectation for breakfast. In order to catch up with the time, we either make do with two people or have two meals with lunch and make one meal.

　　Previous studies have shown that skipping breakfast may lead to the risk of obesity, diabetes and hyperlipidemia. OCC held an activity such as "Healthy Heart Breakfast" at the meeting, inviting cardiovascular experts and nutrition experts to interpret the reasonable diet structure together. On the one hand, it popularized the importance of breakfast to the public, and at the same time, it released a reference recipe of "Healthy Heart Breakfast" for the general public to refer to and improve the level of cardiovascular disease prevention in China. On the other hand, it also reminds doctors and media reporters not to forget to eat breakfast when they are busy with their work.

　　Professor Huo Yong of Peking University First Hospital: Eat breakfast like an emperor.

　　"As the saying goes, you should eat like an emperor for breakfast, like a commoner for lunch and like a beggar for dinner." Why do you value breakfast so much? Because for most people, this meal is about ten hours away from the last meal and needs more energy. Fasting for a long time will lead to an increase in blood pressure in the morning. Not eating breakfast all the year round will inevitably lead to the disorder of related hormones, making it easier to overeat and obesity, and also causing fluctuations in blood lipid levels.

　　Related studies have found that eating breakfast helps to lower blood pressure, thus preventing various cardiovascular events such as blood vessel blockage.

　　Qian Juying, Chairman of Cardiovascular Branch of Shanghai Medical Association: Regulating blood lipid can’t rely solely on diet therapy.

　　It is generally believed that the increase of low density lipoprotein cholesterol (LDL-C) will increase cardiovascular risk. Will improving eating habits significantly improve blood lipid levels?

　　Diet therapy and lifestyle improvement are the basic measures for the treatment of dyslipidemia, and they are "fighting" together. Diet control and active exercise should be continued even after medication, but lifestyle intervention should not be relaxed because of medication. But we should also avoid entering a misunderstanding, that is, we only hope that diet can improve blood lipids. (Yin Wei)

　　Director Gao Jian, Department of Nutrition, Zhongshan Hospital affiliated to Fudan University: An excellent breakfast must contain four kinds of food.

　　The choice of breakfast in different regions is rich and varied. The traditional breakfast food provided by restaurants outside is single, mostly high-calorie food. Although it can satisfy the stomach, its nutritional value is not high. An excellent breakfast should include the following four kinds of food:

　　The first kind of food should be a bit like whole wheat bread and coarse grains. Because breakfast should have a staple food first, but now the staple food is too fine, so eat some miscellaneous grains for breakfast.

　　The second category of food, there is an animal food, such as boiled eggs.

　　The third category of food is soybean milk and milk. Generally, a bag of milk basically meets this requirement.

　　The fourth category of food is vegetables and fruits, so today we have some fruits.

　　All four are called excellent breakfasts, only three are called good breakfasts, and only two and one are called poor breakfasts. At present, many people have only one or two kinds of breakfast, so it is suggested that breakfast should be as diverse as possible, at least there are some of the four categories of food. (Yin Wei)