标签： 上海贵族宝贝龙凤楼

Retail flameout, force on the public？

Text/"Tsinghua Financial Review" Bai Haochen

In 2024, commercial banks have not got rid of the quagmire of retail stall.

Recently, the annual reports of most state-owned and joint-stock banks in domestic listed banks have been released. The annual report shows that the growth rate of net profit of state-owned banks and stock banks has generally slowed down, and some institutions have even experienced a significant decline. For example, the net profit of Minsheng Bank has shrunk by 9.85% compared with the previous year, and Ping An Bank has dropped by 4.19%.

Table 1: Net profit of some state-owned and joint-stock banks in 2023 and 2024 (100 million yuan)

Source: Wind, bank annual report

In terms of revenue, according to the business caliber, the classified revenue of the counted commercial banks is very different. Among the state-owned banks, Industrial and Commercial Bank of China and Bank of Communications account for a relatively large proportion of public business revenue, while the retail business of agriculture, construction, China and postal services exceeds public business. Among the stock banks, CITIC Bank, Minsheng Bank, Shanghai Pudong Development Bank and Zheshang Bank account for a relatively large proportion of corporate business, while the retail business of China Merchants Bank, Ping An Bank and China Everbright Bank exceeds corporate business.

Figure 1: Revenue of some state-owned and joint-stock banks in 2024 (broken down by retail company, RMB 100 million)

Source: Bank Annual Report

Judging from the change of revenue, the performance of commercial banks in public business revenue is generally better than that in retail business. In terms of retail business, the retail business income of most commercial banks has decreased compared with the previous year, and only a few banks have achieved growth. In particular, the retail business of Ping An Bank, China Everbright Bank and Shanghai Pudong Development Bank declined significantly. The retail business income of Ping An Bank dropped by 25.90% to 71.255 billion yuan, while the decline rate of Shanghai Pudong Development Bank and China Everbright Bank also exceeded 10%.

In terms of public business, more than half of the listed banks achieved growth in 2024, while the banks that did not achieve growth did not experience a sharp decline. The largest increase in corporate business was Ping An Bank. Although the retail business shrank sharply, its corporate business increased by 19.15% in 2024, and its revenue to the public was 63.841 billion yuan during the year. Postal Savings Bank, Zheshang Bank and Shanghai Pudong Development Bank are also growing significantly on the public side.

Figure 2: Changes in the revenue of some state-owned and joint-stock banks in 2024 compared with the previous year (split by retail size)

Looking at the profit again, according to the business caliber, in 2024, the profit performance of corporate business is also significantly better than that of retail business. In terms of retail business, except for workers and peasants China Construction and China Merchants Bank, the retail profits of other banks are very small, and Zheshang Bank even experienced retail losses, with a loss of 2.663 billion yuan during the year. The performance of corporate profits is satisfactory. Except for some large state-owned banks or those banks featuring retail business, corporate business has become the main pillar of bank profits.

Figure 3: Profits/losses of some state-owned and joint-stock banks in 2024 (broken down by retail size, RMB 100 million)

In terms of profit changes, in 2024, the profit points of most banks have obviously shifted-the profit of corporate business has increased rapidly, while the profit of retail business has dropped sharply. In terms of retail business, the retail profits of listed banks generally declined compared with the previous year, among which Everbright Bank and Ping An Bank declined significantly, and Everbright Bank decreased by 95.83% to 281 million yuan. Ping An Bank dropped by 94.81% to 356 million yuan. On the public side, most banks’ profits have improved, and there are not a few that have greatly improved. In 2024, the profit of the Agricultural Bank of China to the public increased the most, with an increase of 68.92% to 244.892 billion yuan during the year. China Construction Bank, Industrial and Commercial Bank of China, Bank of China and China Merchants Bank also increased by over 20%.

Figure 4: Changes in profits of some state-owned and joint-stock banks in 2024 (split by retail size)

In terms of characteristics, both revenue and profit show the trend of corporate expansion and retail contraction, or it can be explained as the strategic turn of bank operation. The reason is mainly the cyclical rotation of bank retail and corporate business-in the past, retail business performed strongly and was under pressure on corporate business, but now it is in the opposite form.

In the early years, China’s banking industry was dominated by corporate banking. After 2010, the background of interest rate marketization superimposed residents’ wealth accumulation and consumption upgrading, prompting commercial banks to shift their strategic focus from corporate to retail. With the optimization of the top-level design of retail business, such as the pilot expansion of consumer finance companies, the relaxation of credit card installment business supervision, and the gradual improvement of personal credit information system, in 2016, joint-stock banks led by China Merchants Bank and Ping An Bank took the lead in the wave of the development of retail business characteristics, subverting the traditional business logic centered on corporate business and upgrading retail business to another growth pole of commercial banks besides corporate business.

Based on a huge customer base, retail business can provide considerable business volume, and because of the high basic interest rate of retail loans, it can also alleviate the pressure of bank interest margin, which is one of the best tracks for commercial banks to enhance their profitability and improve their operating level. Under the background of "expanding domestic demand and promoting consumption", the value of retail business is rising, and its importance is becoming more and more prominent. Commercial banks have also carried out retail business transformation in order to adapt to macro-development, alleviate the current operating difficulties, occupy a favorable position and seize the first opportunity in industry competition.

However, in recent years, the retail business of banks has gradually entered a bottleneck period. Since 2023, commercial banks have been in a state of collective stall at the retail end for two consecutive years. According to incomplete statistics, the retail revenue of most large and medium-sized banks that have published results has been hit, and the retail business revenue has generally shown a negative growth trend. There are two main reasons for the huge decline in retail business of commercial banks:

On the one hand, the downward cycle of real estate continues to curb residents’ willingness to consume. After decades of prosperity, China’s real estate market suffered periodic pains, and the growth rate of national real estate development investment declined for three consecutive years. The downward trend of the housing market had a direct impact on residents’ asset value and income expectations. First, the shrinking asset value directly affects residents’ willingness to consume. In order to cope with potential economic risks, more residents tilt their financial focus from consumption to savings, which inhibits mainstream personal credit businesses such as credit cards and consumer loans. Second, the continuous decline in housing prices will continue to hit the confidence of mortgage buyers and raise the risk of default, which will lead to a surge in non-performing rates.

On the other hand, credit cards, consumer loans and other products face high homogeneous stock competition. After years of market development practice, China’s urban credit card and consumer loan markets are gradually saturated. At present, the retail product matrix of each bank is highly homogeneous, and it mainly relies on the preferential strength and location advantages of commercial banks for stock competition. In addition, with the rise of internet finance, online consumer credit products, with their convenience and flexibility, further aggravate the operating pressure of credit card and consumer loan business. According to the Blue Book of China Bank Card Industry Development 2024, the total amount of credit card transactions in 2023 was 39.8 trillion yuan, a year-on-year decrease of 5.6%, and the transaction amount declined for two consecutive years. The average decline of credit card transactions in state-owned/joint-stock banks has reached 23.44%. With the stall of the main retail businesses such as credit cards and consumer loans, the growth momentum of bank retail has fallen into a bottleneck.

Under the long-term influence of multiple factors, the non-performing rate at the retail end of banks has risen and the incremental space has been continuously compressed. Under the realistic background that weakness is difficult to solve in a short time, commercial banks need to resort to other businesses to ensure high-quality and stable operation.

The performance of the public business is bright, and the bank’s break is dawning.

In the context of the collective stall of retail business of commercial banks in 2024, the resilience shown to public business may become the way to break the bank’s operation. For a long time, corporate banking has been an indispensable part of bank credit business, although in recent years some banks have shifted their focus to retail business. However, the foundation of public business is still there. In the context of the current lack of growth momentum of retail business, it is relatively wise for commercial banks to shift their business focus to corporate business, which is embodied in the following points:

First, it has strong anti-cyclical ability for public business. Compared with the retail business, which is highly influenced by the fluctuation of economic cycle, the public business has stronger anti-cyclical ability relying on policy support and industrial chain coordination. The stability of corporate customers’ cash flow is higher than that of retail customers, which plays a role in smoothing the fluctuation of asset quality in the overall operation of banks.

Second, the corporate business has more abundant business scenarios. Corporate business has the nature of "credit+",while corporate business has the nature of "credit+",which can promote the coordinated development of intermediary business, thus generating the multiplier effect of comprehensive income. By providing services to corporate customers, banks can simultaneously explore retail business opportunities such as payroll and employee wealth management, and realize the value transfer chain from enterprises to individuals to enterprises.

Third, the development of corporate business is in line with the current policy orientation. Under the current macroeconomic policy environment, the state emphasizes that finance supports the real economy and promotes industrial upgrading and structural adjustment. As one of the core channels of banking service entities, corporate business is highly compatible with policy guidance such as serving the real economy and supporting national strategic industries, which not only helps banks optimize their credit structure, but also effectively connects with national policies and helps the rapid development of national strategic industries. By developing corporate business, banks can deeply understand the needs of enterprises and provide customized financial services, thus promoting industrial upgrading and high-quality economic development. At the same time, the development of public business can also promote the development of related industrial chains, form a virtuous circle and inject new impetus into economic growth.

Two-wheel drive for public retail, and banking is not biased.

Ji Guangheng, president of Ping An Bank, said at the performance meeting that no strong bank was biased in the end. Without development loans, there will be no mortgage. Without a new account, there will be no waiting list. We still have a process of balanced development. In fact, corporate and retail businesses are not binary opposites, but more like two sides of banking business. Corporate businesses can naturally penetrate the upstream and downstream small and medium-sized micro-customers and employees’ personal financial service needs by serving the core enterprises in the industrial chain; The consumer behavior data accumulated by retail business can feed back the bank’s accurate judgment on the operating conditions of corporate customers.

Looking forward to the future, commercial banks must adhere to "walking on two legs" in order to achieve high-quality development. We should not only deepen the basic advantages of retail business, but also grasp the strategic opportunities of public business. This two-wheel drive business model is not only a pragmatic choice to meet the current challenges, but also a long-term plan for the future.

This article is a columnist of Weiyang. com: Tsinghua Financial Review is published. The content is the author’s personal opinion, not the website’s. It is forbidden to reprint it without permission, and offenders will be prosecuted!

Expert Database of Law Lecture Hall (Literature and History Edition)： Ke Lan

　　Cctv news: Ke Lan, Han nationality. Xiaogan, Hubei. Professor and doctoral supervisor of Huazhong University of Science and Technology Law School. Bachelor of Laws from China University of Political Science and Law, Master of Laws from Peking University, Doctor of Laws from China University of Political Science and Law. He has taught in northwest university of politics and law and Northwest University Law School. The main research directions are philosophy of law, history of legal thought and legal culture. Senior speaker of the column "Law Lecture Hall" of Social and Law Channel of Central Radio and Television General Station. He is also the executive director of China Legal Culture Research Association, the executive director of China Legal Thought History Research Association, and a member of China Dream of Red Mansions Society. He has published more than 40 essays in Peking University Law Review, Tsinghua Law, Forum on Politics and Law, Legal Science, Reading and Southern Weekend, etc., and has been appraised by China Social Science Digest, Xinhua Digest, Academic Digest of Liberal Arts in Colleges and Universities, and materials copied by the National People’s Congress • The History of Jurisprudence and Law has been reprinted many times. He presided over many projects such as the National Social Science Fund. In 2013, he was awarded the fourth outstanding young and middle-aged jurist in Shaanxi Province by Shaanxi Law Society and Shaanxi Political and Legal Committee. He was awarded the first prize of the sixth outstanding achievement in social sciences in Xi ‘an (2009), the first prize of outstanding achievement award in humanities and social sciences in colleges and universities in Shaanxi Province (2011) and the nomination prize of the fifth Qian Duansheng Legal Research Achievement Award (2014). He has published The Debate between the Gods in the Philosophy of Law (solo, published by the Commercial Press in 2021), The Mystery of A Dream of Red Mansions (solo, China Democracy and Legal Publishing House, 2017) and The American Crisis (Thomas • Translated by Paine,Shanghai Sanlian Bookstore, 2013 edition, compiled). In 2016, he began to give lectures on the series of programs "Yong Zheng with an Iron Hand" (17 episodes), "Mystery of a Dream of Red Mansions" (12 episodes) and "Legal Culture in a Dream of Red Mansions" (40 episodes, 16 episodes have been broadcast) in the Law Lecture Hall of CCTV Social and Legal Channel, and won the "Most New Media Influence" award of CCTV Social and Legal Channel (2017

Firmly grasp the initiative in the struggle against historical nihilism

　　A nation’s view of history is the spiritual basis for a nation to settle down. History is not allowed to be changed at will, but the sky of history is often shrouded in fog, and the haze of historical nihilism will appear from time to time.

　　In recent years, historical nihilism is often manifested in distorting the revolutionary history of modern China, the history of the Party and the history of People’s Republic of China (PRC) in the name of so-called "re-evaluation". If the revolution is denied, propaganda against imperialism and feudalism will only play a destructive role, and only the bourgeois "enlightenment" will have constructive significance; China’s choice of the socialist development direction since the May 4th Movement is regarded as leaving the so-called "mainstream of modern civilization" and "going astray". Declare that China, which is backward in economy and culture, is not qualified to engage in socialism; Describe the history of the party as a continuation of a series of mistakes. Recently, some people even published articles in the media, claiming that the Opium War brought modern civilization to China. This kind of remarks that ignore history and confuse thoughts are all variants of historical nihilism.

　　对此，我们只能主动识别，保持警惕，时刻保持历史清醒。灭人之国，必先去其史；毁人之权，也必先去其史。反对历史虚无主义是一场严肃的政治斗争，最高领袖总书记指出：“国内外敌对势力往往就是拿中国革命史、新中国历史来做文章，竭尽攻击、丑化、污蔑之能事，根本目的就是要搞乱人心，煽动推翻中国共产党的领导和我国社会主义制度。”我们要时刻保持历史清醒，以高度的政治敏感对历史虚无主义保持警惕，练就火眼金睛，主动识别学术问题与政治问题，做到既让历史虚无主义无所遁形，又有效防止反对历史虚无主义斗争泛化。

　　学深悟透唯物史观，才能保持对历史虚无主义的免疫力。历史虚无主义从根本上说就是历史唯心主义。在反对历史虚无主义的斗争中，我们要不断强健自身肌体，就必须坚持用唯物史观来认识和记述历史，坚持马克思主义的历史观和方法论，把历史结论建立在翔实准确的史料支撑和深入细致的研究分析基础上。恩格斯说：“正像达尔文发现有机界的发展规律一样，马克思发现了人类历史的发展规律。”只有不断学习、领悟、发展马克思主义，才能在科学地认识历史的同时，靶向精准、有力批驳历史虚无主义。

　　反对历史虚无主义，必须坚定文化自信。以史为鉴，可以知兴替。我们要正确认识中华民族5000多年文明史，中国人民近代以来170多年斗争史，中国共产党90多年奋斗史，中华人民共和国60多年发展史，改革开放40年探索史，从中汲取历史的精华和力量，把自己的思想根脉深深扎根进960多万平方公里的广袤土地上，吸吮中华民族漫长奋斗积累的文化养分，将共产主义远大理想和中国特色社会主义共同理想内化于心，成为强大信念和自觉自为的行为，坚定文化自信，在奋进新时代的征程中，高高擎起中国特色社会主义的伟大旗帜。如此，我们就必然能做到“千磨万击还坚劲，任尔东西南北风”，任凭包括历史虚无主义在内的错误思潮“风吹雨打”，我们自能“岿然不动”。

　　（作者：王云长，系浙江省中国特色社会主义理论体系研究中心浙江师范大学基地研究员）

Don’t miss your introduction of five popular models at Guangzhou Auto Show.

　　　　The 2009 Guangzhou International Auto Show opened in Pazhou Pavilion of Guangzhou China Import and Export Fair. As the largest auto show in South China every year, Guangzhou Auto Show has gradually become the third largest auto show in China after Beijing and Shanghai Auto Show. At the same time, with the increasing number of new cars launched year by year, Guangzhou Auto Show has become a grand event for model preview in the coming year. The exhibition area of Guangzhou Auto Show in 2009 reached 150,000 square meters, an increase of 20% over the previous one, with more than 80 vehicle brands participating. Speaking of auto show, no matter how gorgeous the booth is and how attractive the performance is, after all, the car is the protagonist of the auto show. Today is the first day of Guangzhou Auto Show Professional Public Day. What cars have attracted the unanimous attention of the audience and consumers should not miss them? Look at the popularity of the booth and you will naturally see.

　　　　Shanghai GM Yinglang

Don't miss your introduction of five popular models at Guangzhou Auto Show.

Don’t miss your introduction of five popular models at Guangzhou Auto Show.

　　　　Due to the pre-heating of GM’s new generation HRV and the increasing attention of Cruz, which has a good sales volume recently, Buick Hideo has become one of the popular models at this auto show. Buick Hideo is a new generation of Excelle HRV five-door hatchback previously named Buick XT, but this time GM adopts a new generation of Astra from Opel as the prototype. According to the manufacturer, Buick Hideo is a brand-new Buick model based on "global platform and European and American technology" after the new Regal, the new LaCrosse and Angkor. It is a five-door coupe positioned in the mid-size car market, and its products are positioned between the new Excelle and the new Regal.

　　　　It is worth noting that Xinyate, which has been replaced abroad, has also adopted a brand-new engine of 1.6T This engine has also been applied to the new Regal in China, and it is expected that Yinglang will also be equipped with this brand-new engine.

　　　　SAIC Roewe N1

Don't miss your introduction of five popular models at Guangzhou Auto Show.

Don’t miss your introduction of five popular models at Guangzhou Auto Show.

　　　　The 3G concept car N1, which was launched at the Shanghai Auto Show, won the world at the auto show in April this year, causing a lot of crowds. This model continued to make a high-profile appearance at Guangzhou Auto Show. In terms of design, Roewe N1 maintained the design elements of Roewe family, the 550-type middle net shape, the long and narrow headlights, the oblique LED fog lights and the very sporty front skirt air dam design also set the tone for the positioning of this car, which is more fashionable and younger. The design concept of this car comes from the 3G technology that has been popularized in China, and it has the functions of GPS navigation and real-time service for car owners through the Internet. In addition, there are all kinds of functions such as downloading online music and browsing the web. This car has attracted many consumers to stop and appreciate at the Shanghai Auto Show, and this Guangzhou Auto Show will definitely become the highlight of the booth.

　　　　The Roewe N1, known as the "3G car", has entered the preparations for mass production and is expected to be launched in the market next year. It is one of its strong competitiveness to carry powershift developed in cooperation with Borg Warner.

　　　　Toyota new crown

Don't miss your introduction of five popular models at Guangzhou Auto Show.

Don’t miss your introduction of five popular models at Guangzhou Auto Show.

　　　　Crown used to be famous in China. This Toyota premium car, which has always been produced only in Japan, did not perform badly after it was introduced to China, but it did not achieve the expected great success, at least the goal of shaking Audi A6L’s position as king was not achieved. After experiencing the market experience of Crown, the launch of the new Crown by FAW Toyota is obviously well prepared, and its natural popularity should not be underestimated. The front face of the new generation Toyota Crown has been redesigned, and the new "inverted trapezoidal" air intake grille and square embossed trademark panel have replaced the front face of the previous generation Crown. The body line is also the focus of the improvement of the new generation Toyota Crown, which is completely opposite to the dignified shape of the old Crown. The new crown raises the rear of the car and boldly adopts the side lines with greater inclination, making the side lines of the whole car look more avant-garde and dynamic.

　　　　With the same size, the wheelbase of the Majesta Crown has reached 2925mm, and it has the capital to compete with the Audi A6L in terms of appearance luxury and internal space. The key is the price. The new crown is good, but it is also necessary to be cheaper than the Audi A6L. I believe Toyota has this strength.

　　　　Mazda CX7

Don't miss your introduction of five popular models at Guangzhou Auto Show.

Don’t miss your introduction of five popular models at Guangzhou Auto Show.

　　　　With the increasing sales of Mazda 3 and the launch of new mazda 6 and Mazda 3 hatchbacks, the first Mazda SUV model in China — — Mazda CX7 has attracted consumers’ attention. Mazda CX7 has a large number of sports car design concepts. Its shape is not as angular as that of an ordinary SUV, but it pays more attention to aerodynamic design. Its head is sharp and its lines are very smooth, which is more like a sports car with a raised chassis.

　　　　The 2.3L direct injection turbocharged engine has been able to provide enough power, and at the same time, it takes into account the economy of urban use, and is more suitable for some entry-level SUV enthusiasts. As the second car of the family, Mazda CX7 also has enough space to take the whole family on a trip. Different from the existing traditional SUV models, CX7 is developed by Mazda’s unique R&D platform, which fully embodies the essence of Mazda brand sports car.

　　　　Shanghai Volkswagen TIGUAN Tiguan

Don't miss your introduction of five popular models at Guangzhou Auto Show.

Don’t miss your introduction of five popular models at Guangzhou Auto Show.

　　　　Volkswagen booth has always been one of the most concerned booths for consumers in previous auto shows. The TIGUAN Tiguan, the first SUV model of Shanghai Volkswagen, will be launched at Guangzhou Auto Show, and the pre-sale will be started at the end of the year, which has aroused enthusiastic response from consumers and become one of the most popular models. The appearance modeling of domestic Tiguan is obviously different from that of imported version. Among the three foreign versions, the "Sport&Style" scheme is chosen, which emphasizes highway performance, and the appearance configuration level of wheels is also lower than that of imported version. The most important difference is that Tiguan has been lengthened by 80mm at the back door, which is shorter than the previously reported extension of 100mm, but it can still be seen that the body is longer than the imported version, and the rear seat space has been improved, but there is still no seven-seat model with the third row of seats.

　　　　In terms of power configuration, it will focus on two engines, 1.8TSI and 2.0TSI, which are matched with the traditional 6-speed Tiptronic automatic transmission. The 4Motion four-wheel drive system is standard for the whole system, but the off-road off-road mode is no longer available in the imported version.

Beijing Auto Show debut, exposing Dongfeng Yipai e π 008 real car picture

　　[Autohome News] On April 11, we obtained the Dongfeng Yipai eπ 008 () real car map from the official WeChat account of Dongfeng Motor. The car is positioned as a six-seat medium and large SUV and debuted at the Beijing Auto Show that opened on April 25.

Autohome

Autohome

　　In terms of appearance,Yipai eπ 008 is built with a family-style design language, and has a similar sensory experience to Yipai eπ 007, but the difference is that Dongfeng Yipai eπ 008 adopts the current popular through-type light group design, and the internal dot matrix light source has a strong sense of technology. In addition, the raised cabin rib line and the three-stage guide groove surrounded by the front can make the vehicle show a stronger youthful attribute.

Dongfeng passenger car e π 008 2024 EV basic model

Dongfeng passenger car e π 008 2024 EV basic model

　　Due to the fact that the official car map only released two front angles, the side of the body and the rear of the car. Let’s review the official map. The new car has a rather burly figure, and the overall body profile is even somewhat similar to the MPV model. It is expected to have a good rear row space. In terms of the rear, the car uses the same through-type taillight set as the front, with a spoiler placed on the roof and a black trim at the rear bumper below to enrich the visual layering of the vehicle.

　　In terms of body size, the length, width and height of the new car are 5002/1972/1732mm respectively, and the wheelbase is 3025mm. In terms of power, the plug-in version will be equipped with a combination of 1.5T engine and motor, of which the maximum power of the engine is 108kW and the pure electric battery life is 154km; the maximum power of the pure electric motor is 200kW and the cruising range is 636km. (Text/Autohome Zhouyi)

Is the SAIC-GM Buick Envision worth buying？ It’s a god car that doesn’t break down

Many netizens left comments wanting to see it today. So whether this car is a mule or a horse, let’s take a look at its actual performance.

First of all, from the appearance, the Envision front style looks very personalized atmosphere, coupled with multi-spoke grille, looks more sharp. At the same time, the headlights show a hard design style, adding a bit of refinement. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, delayed closing, etc. To the side of the body, the body size of the car is 4845MM*1883MM*1705MM, the car adopts simple and generous lines, the body presents a simple and generous design style, with large-sized thick-walled tires, the overall visual effect is very fashionable and atmospheric. In the rear part of the car, the rear looks very fashionable and generous, the tail lights give people a very dignified feeling, and the exhaust pipe adopts a bilateral double-out shape, creating a good atmosphere.

Sitting in the car, the interior looks very cool, very in line with the taste of young consumers. The steering wheel shape of the car is eye-catching, and it is made of genuine leather, which makes the feel good. From the central control point of view, with the 10-inch central control screen, the interior design is quite layered, and it looks a certain sense of technology. Finally, look at the dashboard and seats. The car is equipped with a dynamic and lively double-barrel dashboard, highlighting the trendy temperament. The car adopts leather seats, equipped with sub-seats, seat with memory, seat ratio reclining and other functions, and the overall riding experience is soft and comfortable.

The car is equipped with vehicle to everything, driving mode selection, remote key, rear wipers, interior ambient lights and other configurations, which are quite rich in functions, which is undoubtedly very friendly to the driver.

After reading today’s talk, do you have a lot of ideas? The car introduced today is not only eye-catching in terms of space, but also has reached the mainstream level in various configurations, and the driving experience and space experience are not picky.

Changzhou Cadillac XT5 is on sale! The highest profit 130,000, only this time

[Autohome Changzhou Promotion Channel] brings you the latest car market trends. This luxury SUV is conducting an unprecedented promotion in Changzhou. It is understood that this promotion is as high as 130,000 yuan, which has reduced the minimum starting price of the original higher-priced XT5 model to 242,700. For consumers who are interested in buying a Cadillac XT5, this is a great opportunity not to be missed. Want to know more details and get higher discounts? Be sure to click the "Check the car price" button in the quotation form to seize this rare car buying opportunity.

常州凯迪拉克XT5特价出售！最高让利13万，仅此一次

The exterior design of the Cadillac XT5 shows the perfect combination of elegance and power. The front face features the iconic shield-shaped air intake grille of the Cadillac family, and the fine craftsmanship of chrome elements enhances the luxury of the vehicle. The body lines are smooth, hard and dynamic, showing the sporty characteristics of the XT5. Overall, the XT5 inherits the luxury gene of Cadillac, while incorporating modern design elements to make it visually impactful.

常州凯迪拉克XT5特价出售！最高让利13万，仅此一次

The Cadillac XT5 exudes luxury with its elegant side lines. The body size is 4813mm*1903mm*1682mm and the wheelbase is up to 2857mm, ensuring a spacious interior space. The front and rear wheels are 1645mm, and the carefully designed wheel track layout provides excellent stability. The front wheels are equipped with 235/65 R18-size tires, and the rear wheels are also of the same specification, while the rim style blends power and delicate details, reflecting the Cadillac brand’s meticulous attention to detail. Overall, the XT5’s side design is not only practical, but also dynamic and aesthetic.

常州凯迪拉克XT5特价出售！最高让利13万，仅此一次

The interior design of the Cadillac XT5 shows the perfect blend of luxury and technology. Its spacious cockpit wraps the steering wheel in fine leather, providing a good grip and support, and supports manual up and down + front and rear adjustment to ensure driver comfort and easy control. The central control area is equipped with an 8-inch touch screen, integrated multimedia system, navigation and phone functions, and supports automatic speech recognition, which is convenient for users to operate easily during driving.

In terms of seats, the XT5 is made of imitation leather and genuine leather to provide passengers with a luxurious touch. The front seat not only has front and rear adjustment, backrest adjustment, but also has 4-way high and low adjustment and waist support 2-way adjustment to ensure the comfort of long driving. The driver’s seat is also equipped with an additional electric memory function. The passenger seat also supports multiple adjustments and has a heating function. The second row of seats can also be moved back and forth, and the backrest angle is adjustable, providing flexible space options. In addition, the rear seats support proportional reclining for easy loading of large items. Overall, the interior design of the XT5 combines practicality and luxury, bringing a pleasant ride experience to the driver and passengers.

常州凯迪拉克XT5特价出售！最高让利13万，仅此一次

The Cadillac XT5 is equipped with a 2.0T turbocharged engine, which can burst out 237 horsepower and reach a maximum torque of 350 N · m, ensuring that the vehicle has excellent performance during driving. With the 9-speed automatic transmission, it further enhances the smoothness of the shift and the driving pleasure.

Summarizing the evaluation of Autohome owners, the Cadillac XT5 has won the recognition of owners with its excellent mechanical quality and strong four-wheel drive escape ability. In particular, the electromagnetic suspension system provides the driver with an excellent comfortable experience. At the same time, the domineering appearance and stable driving experience make this car meet the needs of the home while also showing its unique charm. The satisfied words of the owner confirm the multiple advantages of the XT5, making it a reliable car choice.

Zhumadian released a new infrastructure acceleration plan： a new batch of municipal key laboratories and more than 50 new provincial innovation platforms

　　On January 12, the Zhumadian Municipal People’s Government issued the "Zhumadian City Major New Infrastructure building Acceleration Action Plan (2023-2025) ", striving to enter the province’s first phalanx by 2025, the level of new infrastructure building in Zhumadian City, the rapid development of communication networks, smart transportation, smart energy and other fields, computing power infrastructure, major scientific and technological infrastructure and other fields to accelerate breakthroughs, and strive to create a model for upgrading traditional infrastructure.

　　The Plan proposes the implementation of information infrastructure leading projects, the implementation of integrated infrastructure empowering projects, and the implementation of innovative infrastructure breakthrough projects.

　　Support the optimization of Henan Provincial Key Laboratory of Smart Lighting and Henan Provincial Key Laboratory of Cardiovascular and Cerebrovascular Drugs in provincial key laboratoriesZhongneng joined the list and supported Huanghuai University to establish the Henan Provincial Key Laboratory of Engineering Waterproofing and Disaster Prevention and Control, and to build a new batch of municipal key laboratories.

　　Accelerate the construction of the "China Pharmaceutical Valley" (Zhumadian) Research Institute, focusing on high-end generic drugs, APIs and pharmaceutical intermediates, modernWait for the research to be carried out.

　　Support the Zhumadian Academy of Agricultural Sciences to take the lead in building the South Henan Branch of the National Biological Breeding Industry Innovation Center, and plan to build the Shennong Seed Industry Laboratory Pilot Test and Achievement Transformation Base.

　　By 2025, strive to build a provincial major scientific and technological infrastructure; build more than 50 provincial innovation platforms, and more than 230 provincial innovation platforms.

　　Strengthen the guarantee of capital, talent, energy, land, data and other factors, and encourage diversified market players to enter the field of new infrastructure building on an equal footing.

　　Make overall use of local government special project bonds, policy development financial instruments, medium and long term loans, equipment purchase and renovation discount loans and other policy tools to support the construction of major new infrastructure projects.

　　Incorporate the introduction of talents in the field of new infrastructure into the city’s various talent introduction plans, and implement policies related to talent service guarantee.

　　Zhumadian City major new infrastructure building speed action plan (2023-2025)

　　In order to further implement the digital transformation strategy, accelerate the construction of a high-level new infrastructure system, and effectively support the high-quality economic and social development of our city, this action plan is formulated.

　　I. General requirements

　　(1) Work ideas. Adhere to the guidance of the Supreme Leader’s Thought on Socialism with Chinese Characteristics for a New Era, thoroughly implement the spirit of the 20th National Congress of the Communist Party of China, take the new type of infrastructure building as a new cornerstone of modern Zhumadian construction, adhere to "moderately ahead, leading the province, making overall arrangements, prioritizing priority, policy guidance, diverse participation, building and using, and innovating models", focus on basic, supportive, and leading new infrastructure that requires forward-looking layout, strengthen cross-regional and cross-field coordination, implement a number of major projects, accelerate the integration of traditional infrastructure and new infrastructure, and provide strong support for the realization of the "two guarantees" goal.

　　(2) Main goals. By 2025, the city’s new infrastructure building level will strive to enter the first phalanx in the province, with rapid development in communication networks, smart transportation, smart energy and other fields, accelerated breakthroughs in computing power infrastructure, major scientific and technological infrastructure and other fields, and strive to create a model for upgrading traditional infrastructure.

　　Main objectives of new infrastructure buildings

　　Second, the implementation of information infrastructure leading projects

　　Focusing on improving the level of communication network infrastructure and computing power infrastructure, we will deepen the integration of data networks, computing networks, and the coordinated development of cloud edges.

　　(1) Communication network infrastructure. Promote infrastructure building such as 5G, Gigabit optical network, and new Internet switching center, and create a new type of network system that integrates space and earth. Implement the "double Gigabit" construction project, promote the large-scale deployment of 5G network and 10G-PON (10 Gigabit passive optical network), and continue to expand the coverage of Gigabit network. Implement the information and communication improvement project to build a 1 millisecond computing power delay circle in the city. Accelerate network infrastructure(Internet Protocol Version 6) Transformation and large-scale deployment. (Responsible units: Municipal General Management Office, Municipal Industry and Information Bureau, Municipal Development and Reform Commission)

　　(2) Computing power infrastructure. Build intelligent computing centers, public computing power service platforms, and edgeThe center, etc., promotes the sharing of computing power resources and the collaboration of computing power facilities in the city, and expands its application in precision medicine, biological breeding,Featured applications in other fields. Focus on promoting the city’s InternetBuild and continue to expand telecom operatorsThe development scale of the center, and strive to reach 1,600 standard racks in the city by 2025. (Responsible units: Municipal Development and Reform Commission, Municipal Bureau, Municipal Bureau of Industry and Information Technology, Municipal Management Office)

　　Implementation of integrated infrastructure empowering projects

　　We will prioritize the intelligent transformation of infrastructure in transportation, energy, industry, and other fields to support the intelligent operation of the economy and society.

　　(1) Smart transportation infrastructure. Implement the three-year action plan for the digital transformation of transportation in Henan Province, promote the construction of smart expressways, smart ports and shipping, and intelligent networked vehicle road coordination facilities, etc., to create a coordinated and convenient smart transportation infrastructure. Synchronously deploy smart facilities in the "13445" highway project, and continue to promote the construction of smart expressways such as Shenqiu to Suiping section of Shenlu Expressway. Make every effort to promote the eastward relocation of National Highway 107 Zhumadian and make it a demonstration road of "smart highway" in our city. Accelerate the promotion of the smart waterway from Xincai to Honghekou section of the Honghe Waterway, strengthen the intelligent monitoring and digital supervision of the operation status of the waterway, and improve the service and operation support capabilities of the waterway system. Actively explore the construction of intelligent network and vehicle-road coordination facilities, rely on the provincial intelligent network vehicle cloud control platform, and carry out large-scale application of the vehicle-road cloud integration systemPilot area. (Responsible units: Municipal Transportation Bureau, Municipal Industry and Information Bureau, Municipal Development and Reform Commission)

　　(2) Smart energy infrastructure. Relying on the provincial energy center, we will steadily promote the construction of digital power grids and intelligent charging networks. Accelerate the construction of smart lines in key areas, important transmission channels, and high-voltage cable tunnels, and build intelligent operation and inspection of substations and converter stations, intelligent inspection of transmission lines, and intelligent operation and maintenance systems for distribution. Completed and put into use Zhumadian – WuhanCommunication project to build a strong national communityHub. Promote wind and solar developmentThe project is strictly in accordance with the development planConfigure facilities in proportion, encourage existing grid-connected projects to configure new facilities according to the requirements of not less than 10% of the installed power and not less than 2 hours, encourage the construction of new energy storage facilities on the power grid side and the user side, support industry, communications, finance, Internet and other power users with high requirements for power supply reliability to configure new energy storage facilities according to local conditions, and encourage party and government organs and other important power users to build a number of mobile or fixed new energy storage facilities. Accelerate the improvement of the city’s intelligent charging service network, focusing on residential areas, public areas, tourist attractions, county and township important transportation nodes to carry out charging infrastructure building special projects to promote intelligentEnter the community, enter the government, enter the enterprise, enter the garage, and enter the village. Strive to achieve full coverage of charging facilities and demonstration centralized public charging stations in the expressway service area by 2023, and more than 14,000 will be completed by 2025. (Responsible units: Municipal Development and Reform Commission, Municipal Housing and Construction Bureau, Municipal Transportation Bureau, Municipal Industry and Information Bureau, Municipal Culture, Guangzhou Tourism Bureau, Municipal Finance Bureau, Municipal Public Security Bureau, Municipal Natural Resources Bureau, Municipal Agriculture and Rural Bureau, Municipal Government Affairs Center, Municipal Power Supply Company)

　　(3)Network infrastructure. Implement platform system strengthening actions and logo analysis and promotion actions, and strive to create a demonstration zone for network innovation and development. Accelerate the cultivation, construction and application promotion of multi-level network platforms, and strive to cultivate a cross-industry and cross-field comprehensive industrial Internet platform and several industry industrial Internet platforms by 2025, and basically form an industrial Internet platform system covering key industrial chains, key industrial clusters, and key industry areas of the manufacturing industry. Explore the industrial application model of industrial Internet logo analysis, and accelerate the establishment of an industrial Internet logo analysis system for key industries and key areas. (Responsible unit: Municipal Bureau of Industry and Information Technology, Municipal Management Office)

　　IV. Implementing innovative infrastructure breakthrough projects

　　Actively integrate into the national strategic scientific and technological strength, focus on promoting the construction of major scientific and technological infrastructure, key laboratories, and industrial technology innovation platforms, and strive to build a provincial major scientific and technological infrastructure by 2025; more than 50 new provincial innovation platforms have been built, and the number of provincial innovation platforms has exceeded 230.

　　(1) Major scientific and technological infrastructure. Planning and layout of forward-looking leading, strategic-oriented, and application-supporting major scientific and technological infrastructure will form a development pattern of "exploration-pre-research-construction-operation". Focusing on applied basic research and breakthroughs in key industrial technologies, plan a number of major scientific and technological infrastructure projects, support the construction of dam engineering hospitals, and build high-standard flood simulation test facilities. Focus on key scientific and technological issues such as the mechanism of flood transformation breeding and evolution, the coupling effect of flood transformation and alternating loads, and create a high ground for technological innovation in infrastructure disaster prevention and mitigation. Support the Chinese Academy of Agricultural Sciences and Zhumadian Academy of Agricultural Sciences to cooperate in the construction of a comprehensive experimental base for modern agricultural research in southern Henan, focusing on ensuring national food security, shouldering the main responsibility of stabilizing grain production, and focusing on Zhumadian’s agricultural characteristic industry to carry out the demonstration and promotion of new varieties, new technologies and new achievements, and continuously improve the level of modern agricultural science and technology, agricultural quality and efficiency and core competitiveness in Zhumadian City. (Responsible units: Municipal Development and Reform Commission, Municipal Science and Technology Bureau, Municipal Academy of Agricultural Sciences, Pingyu County Government)

　　(2) Key laboratories. Promote the construction of provincial laboratories, improve the management and operation level of provincial laboratories, and achieve physical and normal operation. Support Henan Provincial Key Laboratory of Smart Lighting and Henan Provincial Key Laboratory of Cardiovascular and Cerebrovascular Drugs to enter the list in the optimization and reorganization of provincial key laboratories, support Huanghuai University to establish Henan Provincial Key Laboratory of Engineering Waterproofing and Disaster Prevention and Control, and build a new batch of municipal key laboratories. (Responsible unit: Municipal Science and Technology Bureau)

　　(3) Industrial technology innovation platform. Continue to promote the construction of high-level innovation and entrepreneurship platform carriers in the agricultural field, support the Zhumadian Academy of Agricultural Sciences to lead the construction of the National Biological Breeding Industry Innovation Center South Henan Branch, plan to build the Shennong Seed Industry Laboratory Pilot Test and Achievement Transformation Base, focusing on the cultivation of new varieties such as high-quality wheat, high-quality peanuts, high-quality white sesame seeds, and high-quality edible fungi, and comprehensively improve the production, learning and research capabilities of Zhumadian Academy of Agricultural Sciences to provide strong scientific and technological support for the high-quality development of modern agriculture in Zhumadian City. Accelerate the construction of the "China Pharmaceutical Valley" (Zhumadian) Research Institute, and carry out research work on high-end generic drugs, APIs and pharmaceutical intermediates, and modernity. (Responsible units: Municipal Science and Technology Bureau, Municipal Academy of Agricultural

　　V. Safeguard measures

　　(1) Strengthen organizational leadership. Relying on the cityDevelop leading groups, strengthen the role of special classes in the city’s new infrastructure work, and coordinate and solve major new infrastructure building problems. Build a "1 + 1 + N" promotion system of 1 accelerated action plan, 1 support policy, and N special project action plans, clarify key tasks, and decompose them into major projects, specific units, and relevant places. Counties and districts should establish corresponding work promotion mechanisms to strengthen policy support and guarantee services in the areas of project land use and energy use, public facilities matching, construction operation and maintenance, etc., to ensure the implementation of various tasks.

　　(2) Strengthen the project drive. Adhere to major projects as the traction, and promote breakthroughs in key areas and key links of new infrastructure. Strengthen the development of application scenarios, and plan a number of leading projects in key areas such as smart transportation and smart energy. Strengthen project scheduling, and promote the city’s major new infrastructure building projects into provincial key projects. Continue to promote the planning and project reserves of new infrastructure buildings, and accelerate the construction of projects, completion and operation.

　　(3) Strengthen policy support. Strengthen the guarantee of capital, talent, energy, land, data and other factors, and encourage diversified market players to enter the field of new infrastructure building on an equal footing. Make overall use of local government special project bonds, policy development financial instruments, medium- and long-term loans, equipment purchase and renovation discount loans and other policy tools to support the construction of major new infrastructure projects. Incorporate the introduction of talents in the field of new infrastructure into the municipal plan for the introduction of various types of talents, and implement the relevant policies for talent service guarantee.

　　Policy Interpretation of Several Policies to Support New Infrastructure buildings in Zhumadian City

　　I. Drafting background

　　In order to deeply study and implement the important speech and important instructions of the General Secretary of the Supreme Leader on new infrastructure building and the spirit of the province’s new infrastructure building work promotion meeting, and earnestly implement the decision-making and deployment of the provincial party committee and the provincial government on the development of new infrastructure, according to the "General Office of the People’s Government of Henan Province on the issuance of Henan Province to support major new infrastructure building" (Yuzheng Office [2023] No. 38) document spirit, combined with the actual situation of our city, issued the "Zhumadian City to support new infrastructure building several policies".

　　II. Main content

　　The "Several Policies" consists of five parts and 17 policies.

　　(1) Optimize and upgrade network infrastructure. Mainly include: continue to promote network infrastructure building.

　　(2) Improve the application level of computing power. It mainly includes four aspects: First, support the application of computing power. Second, promote green construction. Third, support the construction of industrial data centers. Fourth, support the construction of energy storage facilities for computing power infrastructure.

　　(3) Promote the integration of infrastructure depth empowering. Mainly includes three aspects: one is to support the construction of smart transportation. The second is to increase the intensity of intelligent charging infrastructure building. The third is to encourage all kinds of subjectsInternet platform.

　　(4) Breakthrough development of major innovation infrastructure. It mainly includes five aspects: First, support major science and technology infrastructure building. Second, strengthen the pre-research of major science and technology infrastructure. Third, promote the sharing and sharing of major science and technology infrastructure. Fourth, promote the transformation of major science and technology infrastructure achievements. Fifth, support the construction of laboratories, "wisdom islands" and other facilities.

　　(5) Strengthen the guarantee of elements of major projects of new infrastructure buildings. It mainly includes four aspects: First, attract social capital to increase investment. Second, strengthen the guarantee of land use energy services. Third, strengthen the team of operation talents of new infrastructure buildings. Fourth, strengthen the guarantee of capital elements.

Want to crack China’s Beidou navigation？ Chinese Academy of Sciences scientist： There is only one way

　　CCTV News:Nowadays, positioning and navigation is a must-have for home travel for many people. But when it comes to positioning and navigation, everyone still thinks of GPS first. GPS in the United States has almost a monopoly position due to its seniority and fame, and has even become synonymous with navigation and positioning. But now, this "big net" that has monopolized for decades is finally about to be broken by China! That is the Beidou navigation system independently developed by our country.

　　At the 8th China Satellite Navigation Academic Conference that just ended last week, our country’s Beidou navigation system once again became the focus of attention. It was revealed that 15 Beidou satellites are currently in stable operation in orbit and have completed service coverage in the Asia-Pacific region. Five new-generation Beidou satellites have completed in-orbit commissioning and are about to be connected to the network. This means that starting from the second half of this year, our country’s Beidou satellites will officially start global networking, pulling off the curtain of the Beidou system for global services. It is expected that by 2020, global service capabilities will eventually be formed.

　　 So, can China’s "Beidou" smoothly enter the market of European and American countries in the future? Where will "Beidou" rank in the global satellite navigation system? Xu Ying, born in 1983, a navigation system scientist, has been engaged in Beidou-related research for more than ten years, and is the youngest researcher and doctoral supervisor since the establishment of the Institute of Optoelectronics of the Chinese Academy of Sciences. Under Xu Ying’s telling, the story of the Beidou system becomes easy to understand, and you will refresh your understanding of this "important weapon of the country"??

　　What is "Big Dipper"?

　　The satellite navigation system is a group of stars 20,000 kilometers away from us, providing us with location-based services. The satellite navigation system is referred to as the GNSS system, and there are a total of 4 VIP members in the GNSS club. In addition to the well-known US GPS system, including Russia’s GLONASS system, the European Union’s Galileo system, and our country’s independently built Beidou satellite navigation and positioning system.

　　The Beidou satellite navigation and positioning system is a satellite navigation and positioning system independently built by our country. It is currently in the stage of construction and application promotion. It consists of five geostationary orbit satellites and 30 non-geostationary orbit satellites. The Beidou satellite navigation system is expected to provide a global service around 2020.

　　In the GNSS club, the members are most concerned about the issue of frequency resources. All frequency resources must be applied to the ITU, which will be divided by the ITU. In the initial stage of the construction of the satellite navigation system, the frequency resources were relatively abundant, and the relatively early GPS system and GLONASS system did not have the problem of frequency resource conflict. When the Beidou system and the Galileo system were established, the frequency competition was very obvious. At that time, the Galileo system actually applied for this frequency resource in advance, but due to the economic crisis in Europe, the Galileo system funding chain was broken. Although they launched satellites and occupied orbital positions at that time, they did not transmit this frequency signal. According to the "first come, first served" regulations of the ITU, whichever country can launch this satellite first, and the satellite transmits the signal of this frequency down, the frequency resource will be yours in the future.

　　Because April 17, 2007 is the deadline for the frequency resources declared by Beidou, it is required that the Beidou test satellite must be launched in advance, which is very rare in our country’s aerospace history. Because advance will bring a series of problems. But after the cooperation of various departments, in order to compete for this frequency, our country successfully launched the Beidou test satellite on April 14, and the satellite changed its orbit on April 15. On April 16, the satellite began to send down signals. Within 24 hours before the frequency resources applied for by Beidou expired on April 17, China officially launched the frequency resources declared by Beidou, which also opened the curtain on the construction of the Beidou global system.

　　There is a famous saying in the industry: "The application of satellite navigation and positioning systems is only limited by imagination." It is no exaggeration to say that, as a typical national heavy weapon, it is like our water, electricity, and highways, and is the guarantee of our social construction foundation.

　　The Beidou system not only provides basic functions such as location, navigation and timing, but also provides communication functions. For example, one day a person drifts to an isolated island. If he chooses GPS, he can only know his location and cannot notify others to come to the rescue, so he can only survive on the deserted island. If he uses the Beidou system, the situation is completely different. He can not only know his location, but also send his location to people tens of kilometers away, hundreds of kilometers away, or even thousands of miles away, so that you can soon say goodbye to your GPS-wielding buddy on the rescue boat~

　　The Beidou system is very easy to use, why do people seem to rarely use Beidou in life now, it seems that there is a little more GPS. The GPS satellite navigation and positioning system was built about 20 years earlier than the Beidou system, and the 20-year historical gap cannot be filled overnight by our technology. The application and promotion of the GPS system has been very mature. For example, the cheapest GPS chip may be about two dollars, while the chip price of the Beidou system may still be generally around 100 yuan due to mass production and other reasons. "Unaffordable" restricts the development of Beidou, but unaffordable is not the main factor restricting the development of Beidou.

　　Around 2011, there was a piece of news that spread all over the Internet. At that time, the headlines used by the media were "Tsinghua girls cracked Beidou and sent it to the United States", or "Beidou’s tens of billions of investments were wasted" and so on, which was more sensational. So is Beidou really so vulnerable? Of course not. In fact, the real unreliable is the GPS system. Because the GPS system is only open to us, and the GPS signal is easy to change during the war. The United States once turned off the GPS signal to the European Union during the Gulf War. The European Union was also very dissatisfied, so in order to protect autonomy, the European Union began to build the Galileo system. For us, too, in order to ensure reliability, our country began to build its own Beidou system.

　　Back to the news of Tsinghua girl cracking Beidou, in fact, she just deciphered the pseudo-code sequence of Beidou’s civil code signal. First of all, during the construction of Beidou, for the sake of compatibility and interoperability, Beidou’s civil code design is in the same vein as GPS and Galileo, and there is no special design. Our country hopes that people all over the world can use Beidou, not only China’s Beidou, but also the world’s Beidou. She wants to crack this unencrypted civil code signal, which is actually not technically difficult. From the perspective of scientific research, it is a problem of signal detection and estimation. In fact, in 2012, our country has announced the ICD file of Beidou, telling everyone our civil code format, hoping that receiver manufacturers around the world can use this ICD file to produce corresponding Beidou receivers.

　　In addition to the civilian code, Beidou also has a military code. The military code has been specially designed such as encryption, which is stable and reliable. If you want to crack the military code system, we may suggest some simpler ways. That is to build a time-travel machine and eavesdrop on the side when you go back to the Beidou military code design. This technical difficulty is easier than technically cracking the Beidou military code. Therefore, everyone must believe that our Beidou system is very easy to use and very stable.

　　At the end of the speech, Xu Ying called on everyone to support the Beidou system more, and she and all the researchers dedicated to Beidou satellite navigation will also make unremitting efforts to let the Beidou giant ship continue to ride the wind and waves to the world.

　　Source: CCTV News, China Broadcasting Network, China Popular Science Expo

Civil servant interviews think like President Xi

Quotes from the Supreme Leader

"The people’s yearning for a better life is our goal."

"Our people love life and look forward to better education, more stable jobs, more satisfactory income, more reliable social security, better health care, more comfortable living conditions, a better environment, and hope that their children can grow up better, work better, and live better. The people’s yearning for a better life is our goal."

(2) "You need to be hard to strike iron."

"It is our responsibility to work with the whole party to insist that the party should manage the party, strictly govern the party, effectively solve the outstanding problems existing in ourselves, effectively improve the work style, and closely contact the masses, so that our party will always become the strong leadership core of the cause of socialism with Chinese characteristics."

(3) "Always have a heart-to-heart with the people"

"We must always have a heart-to-heart with the people, share weal and woe with the people, and work in unity with the people. We must work hard in public all night, and strive to hand over a qualified answer to history and the people."

"The Chinese Dream"

"Everyone has ideals and pursuits, and they all have their own dreams. Now, everyone is talking about the Chinese dream. I think that achieving the great rejuvenation of the Chinese nation is the greatest dream of the Chinese nation in modern times."

(5) "Empty talk misleads the country, but practical work rejuvenates the country"

"Empty talk misleads the country, and hard work rejuvenates the country. Our generation of Communists must carry on the past and build the future, build our party well, unite all Chinese sons and daughters to build our country well, develop our nation well, and continue to move forward bravely towards the goal of the great rejuvenation of the Chinese nation."

(6) "Reform will not stop, and opening up will not stop."

"The whole party and the people of all ethnic groups in the country must unswervingly follow the path of reform and opening up to strengthen the country, pay more attention to the systematization, integrity and coordination of reform, ensure that reform does not stop and opening up does not stop, and work together to build a moderately prosperous society in an all-round way and accelerate socialist modernization."

(7) "Dream of a Strong Army"

"Realizing the great rejuvenation of the Chinese nation is the greatest dream of the Chinese nation since modern times. It can be said that this dream is a dream of a strong country, and for the military, it is also a dream of a strong army. To achieve the great rejuvenation of the Chinese nation, we must insist on the unity of a rich country and a strong army, and strive to build and consolidate national defense and a strong army."

(8) "Keep the safety of the masses in mind at all times"

"We must pay special attention, care and concern for the people in need, do everything possible to help them solve their problems, take the safety of the people to heart at all times, and send the warmth of the party and the government to thousands of households."

(9) "Stepping stones to leave marks, grabbing iron marks"

"We must grasp it with the vigor of stepping on stones and leaving marks, grasping iron marks, making a good start and ending, doing a good job, preventing anticlimactic situations, letting the whole party and the people supervise, and letting the people constantly see tangible results and changes."

(10) Fighting "tigers" and "flies" together

"Strictly governing the party, the hand of punishment must not be relaxed. We must insist on fighting’tigers’ and’flies’ together. We must not only resolutely investigate and deal with cases of violations of discipline and law by leading cadres, but also effectively solve the problems of unhealthy practices and corruption that occur around the masses. We must insist that there are no exceptions in front of party discipline and state laws. No matter who is involved, we must investigate to the end and never tolerate it."

(11) "Lock power in the cage of the system"

"It is necessary to strengthen the restriction and supervision of the operation of power, lock power into the cage of the system, and form a punishment mechanism that does not dare to be corrupt, a prevention mechanism that cannot be corrupt, and a guarantee mechanism that is not easy to be corrupt."

(12) "Never sacrifice core national interests"

"We must stick to the path of peaceful development, but we must never give up our legitimate rights and interests, and we must never sacrifice our core national interests. No foreign country should expect us to trade with our core interests, and we should not expect us to swallow the bitter fruit of harming our country’s sovereignty, security and development interests."

(13) "We must tolerate sharp criticism."

"For the Chinese Communist Party, it must tolerate sharp criticism, and if there is one, it must be corrected and if not, it must be encouraged. For people outside the party, it must have the courage to speak the truth, dare to speak unpleasant words, and truly reflect the voices of the masses.

(14) "Study, study, study again"

"If our cadres want to move up, our party wants to move up, our country wants to move up, and our nation wants to move up, we must make great efforts to learn, keep learning, keep learning, keep practicing, practice, practice."

(15) "Whether the shoes fit or not, you won’t know until you wear them."…

Whether a country’s development path is suitable or not, only the people of that country have the most say.

Source: Huatu Education