The State Council Customs Tariff Commission’s Decision on Some Imported Goods Originated in the United StatesAnnouncement of tariff increase (second batch) Announcement No.6 [2018] of the Tax Commission
On July 11, 2018, the US government issued a measure to impose tariffs on about $200 billion of goods imported from China, and solicited public opinions on this measure. On August 2, the United States announced that it planned to increase the tariff rate on the above-mentioned $200 billion goods from 10% to 25%. The measures taken by the United States deviate from the consensus reached by the two sides in many consultations, which leads to the escalation of trade friction between China and the United States, which seriously violates the relevant rules of the World Trade Organization and harms China’s national interests and people’s interests.
According to People’s Republic of China (PRC)’s Foreign Trade Law, People’s Republic of China (PRC)’s Import and Export Tariff Regulations and other laws and regulations and the basic principles of international law, the State Council Customs Tariff Commission decided to impose tariffs on 5,207 imported goods originating in the United States. This measure involves about 60 billion US dollars in import trade from the United States. The relevant matters are as follows:
1. Impose a tariff of 25% on 2493 items listed in Annex 1, 20% on 1078 items listed in Annex 2, 10% on 974 items listed in Annex 3, and 5% on 662 items listed in Annex 4. See Annexes 1 to 4 for the specific commodity ranges.
2. For the imported goods listed in the annex originating in the United States, corresponding tariffs will be levied on the basis of the current taxation method and applicable tariff rate, and the current policies of bonded and tax reduction and exemption will remain unchanged, and the tariffs imposed this time will not be reduced or exempted.
Iii. Collection of relevant import taxes:
Additional tariff = customs value × additional tariff rate
Tariff = payable tariff calculated according to the current applicable tax rate+additional tariff.
Import value-added tax and consumption tax shall be levied according to relevant laws and regulations.
Fourth, the implementation date will be announced separately.
Attachment:
1. List of goods subject to 25% tariff on the United States and Canada
2. List of goods subject to 20% tariff on the United States and Canada
3. List of goods subject to 10% tariff on the United States and Canada
4. List of goods subject to 5% tariff on the United States and Canada
The State Council Customs Tariff Commission August 3, 2018
Dual-clutch gearbox and AT gearbox have always been two controversial transmission systems in the automobile industry. Some car owners think that the dual clutch gearbox has higher performance and better driving experience than the AT gearbox, while others think that the AT gearbox is more reliable and comfortable. So, which gearbox is more suitable for vehicle driving? This paper will compare the dual clutch gearbox and AT gearbox from many aspects to help you make a wise choice.
I. Transmission principle and structure
Although both DCT and AT gearboxes are automatic gearboxes, their transmission principles and structures are quite different. Based on the structure of manual gearbox, dual clutch gearbox adopts two sets of clutches to control odd and even gears respectively, thus realizing automatic gear shifting. AT gearbox uses hydraulic torque converter and planetary gear set to realize speed change and power transmission.
Second, the shift speed and ride comfort
Because of its special transmission structure and mechanical characteristics, dual clutch gearbox has great advantages in shifting speed and smoothness. Its shift speed is fast, and it can hardly feel a sense of frustration, especially when accelerating overtaking. In contrast, although the AT gearbox can also achieve a faster shift speed, it still has a certain sense of frustration when driving at a low speed or in congested road conditions.
Third, fuel economy
Because of its high transmission efficiency and smooth shifting process, the dual-clutch gearbox makes the vehicle more fuel-efficient during driving. In the actual test, the fuel consumption of vehicles equipped with dual-clutch gearbox is generally 1-2L lower than that of vehicles equipped with AT gearbox. This is a big advantage for car owners who pay attention to fuel economy.
Fourth, reliability and maintenance costs
Because of its complex structure and precise control logic, AT gearbox is slightly less reliable than dual clutch gearbox. Under normal use, the failure rate of the dual-clutch gearbox is lower and the maintenance cost is lower. However, in the actual use process, because the hydraulic torque converter of AT gearbox has a certain buffering and protection function, the durability and reliability of AT gearbox may be slightly better under some extreme driving conditions, such as track driving.
V. Noise and vibration
In terms of noise and vibrATion, at gearbox is smoother and less noisy when driving at low speed because of the hydraulic torque converter. However, when the dual-clutch gearbox is driving at low speed, due to the high frequency of engagement and disengagement of two sets of clutches, it will produce certain noise and vibration. However, when driving at high speed, the noise and vibration of the dual-clutch gearbox will be significantly reduced.
To sum up, the dual-clutch gearbox and AT gearbox have their own advantages and disadvantages, and the specific choice of gearbox needs to be decided according to the purpose of the vehicle, driving habits and personal preferences. In general daily driving, the advantages of dual-clutch gearbox are fast shifting speed, good ride comfort, fuel saving and low maintenance cost. In extreme driving conditions, such as track driving or off-road driving, the reliability and adaptability of AT gearbox are more obvious.
For car owners who pursue driving experience, dual-clutch gearbox is undoubtedly a better choice; For car owners who pay attention to comfort and reliability, AT gearbox may be more suitable for your needs. In a word, no matter which gearbox you choose, as long as you can give full play to its advantages and use it correctly, they can bring you excellent driving experience.
Beijing, May 5 (Xinhua) According to foreign media reports, on the 4th local time, US President Biden said that he hoped to meet with Russian President Vladimir Putin during his visit to Europe in June.
According to reports, on the same day, after Biden delivered a speech on the COVID-19 epidemic at the White House, when the media asked whether he planned to meet with Putin during his European visit in June, he said, "This is my hope and expectation, and we are working hard."
Biden will attend the G-7 summit in Britain from June 11th to 13th, and then go to Brussels, Belgium, to attend the NATO summit. This will be his first visit since he took office in January.
According to the report, Biden and Putin had a telephone conversation on April 13th, and the White House subsequently announced that they would hold a summit in a third country in the coming months. On April 28th, Russian Presidential Press Secretary peskov said that Putin and Biden may meet in the summer, but the time and place have not yet been determined.
US Secretary of State Blinken said recently that the possible face-to-face talks between Biden and Putin will be beneficial to both countries. He added that the United States does not want relations with Russia to deteriorate, but it will also respond to those unfriendly measures.
In recent years, US-Russian relations have been constantly tense. Since Biden took office, the two sides have achieved limited cooperation in the field of arms control, but there are obvious differences on Ukraine, cyber security, human rights, election intervention and other issues, and the confrontation has intensified.
On April 15, the US government imposed large-scale sanctions on Russia and expelled 10 Russian diplomats on the grounds of "malicious activities" such as cyber attacks and interference in US elections. On the 21st, the Russian Foreign Ministry announced the expulsion of 10 American diplomats in Russia in response.
On April 26th, Russian Foreign Ministry spokesman Zacharova announced that the United States was included in the list of "unfriendly countries", and the countries on the list were not allowed to hire Russian citizens to work in their diplomatic institutions.
Recently, our country’s popular actor Chen He ushered in his 38th birthday. This time, he chose to celebrate this special day with five friends from the entertainment industry on his birthday. The five friends are Deng Chao, Lu Han and other five people. They came together to make this birthday party a five-ha gathering.
This time, the birthday party was held in an upscale restaurant, with a luxurious scene and a warm atmosphere. Chen He wore a suit that night, looking handsome and refreshed. Deng Chao, on the other hand, highlighted his decadent coolness and showed his unique personality style. Some even praised Deng Chao as younger and more handsome than Lu Han, which shocked the female fans at the scene.
Chen He received many blessings and gifts from his friends on his birthday, and he felt his luck and the warmth of being loved. He posted photos of the party on Weibo and thanked all those who sent blessings. This move made people feel more happy and satisfied in his heart.
It is worth mentioning that Lu Han has also brought surprises to people. His recent hard work in the gym has made him more robust. Although there is still a gap between Chen He and Deng Chao, his refreshed state and healthy physique have been praised by people. Their interaction and tacit understanding are also envied.
This birthday party was not just a celebration of Chen He, but also a reunion and reunion between the five friends. Chen He, Deng Chao, Lu Han and others all have high popularity and popularity in the entertainment industry, and their friendship is even more enviable. This party not only allowed everyone to witness their friendship, but also showed their respective growth and progress.
Chen He’s 38th birthday party is certainly a moment to celebrate. His success in his career and happiness in his personal life are enviable. He has proved with practical actions that age is not an obstacle to one’s pursuit of dreams and success. With passion and enthusiasm, every day can be a new beginning.
Chen He’s birthday party made people feel the warmth and happiness of friendship, and also gave them more expectations and courage as they grew older. I believe that in the days to come, Chen He and his friends will continue to move forward hand in hand and pursue more dreams and successes together. Let us wish Chen He a happy 38th birthday, and wish him a better career and a happier life in the days to come!
Recently, I have been paying attention to Smart Selection, and then I have learned about the Jinkang Sailis brand.
I have always felt that Huawei, Kirin and other brands are all from myths such as "," and I feel that this Siris must have some allusions. It’s just that there is no relevant introduction in various channels. It’s a bit mysterious.
I spent a day today getting to know the brand name, and I think I’ve found the answer.
That is: SERES isTo the Eastern Han DynastyThe names of countries and ethnic groups related to silk by geographers and historians are generally believed to refer to China or the surrounding areas of China at that time.
In the past three years, watching the release of SF5 and Sailis, Huawei’s cooperation with Sailis has become smoother and smoother. It is hoped that with the strong injection of the Huawei brand and the lofty vision of the Sailis brand, coupled with excellent products and marketing, Huawei Auto will achieve the stated goal, which is to kill XXX. It’s not impossible, lift up!
At the Beijing Auto Show, BYD’s brand-new model, Qin L, was officially unveiled. The car was positioned between Han and Han, and adopted a brand-new interior and exterior design language. It is reported that it will be equipped with a fifth-generation DM hybrid system.
Sports design
Yan value modeling is a highlight of Qin L. The interior of the large-size air intake grille is decorated with lattice chrome trim, which has a strong sense of movement. The black trim above connects the long and narrow headlight groups on both sides, which is similar to the model. There are ventilation slots on both sides of the grille, which adds a sense of layering.
However, the new car does not adopt the popular hidden door handle, but the traditional shape. The slip-back body is more dynamic, and the internal shape of the penetrating structure is somewhat similar to BYD Han’s "Chinese knot". In addition, the design of the airflow diffuser of the lower bumper has a good sense of movement.
In terms of body size, the length, width and height of the new car are 4830/1900/1495mm and the wheelbase is 2790 mm. A lap bigger than Qin PLUS, positioning a B-class sedan.
The interior design is more concise.
Entering the car, the biggest feeling of the new car is that it is more concise. The floating central control panel is adopted. According to different configurations, the high-equipped model is a 15.6-inch central control panel, and the low-equipped model is a 12.8-inch central control panel, and equipped with DiLink intelligent network connection system.
In addition, Qin L adopts a newly designed three-spoke D-shaped steering wheel and an 8.8-inch embedded instrument panel, and the auxiliary instrument panel is equipped with a 15W mobile phone for wireless charging. The design of shift lever area is consistent with that of Song L and other models.
Brand-new insertion and mixing system
In terms of power, it is reported that Qin L will be equipped with the fifth-generation DM hybrid system. The power system consists of a 1.5-liter engine and a motor. According to the information declared by the Ministry of Industry and Information Technology, the maximum power of the engine is 74kW, and the driving motor is available in two options: 120kW and 160kW.
Summary:
If BYD uses Qin PLUS to seize the A-class car market, then Qin L, as a B-class car, will seize the mid-class car market with BYD Han. After all, the mid-class car market is still dominated by joint venture models such as Camry, Accord and Teana.
In addition, combined with the price of Qin PLUS and Han, the starting price of Qin L is expected to be around 120,000, and the price of the main model will be between 120,000 and 150,000, which is likely to become an explosive model.
On April 14th, "Huidong Beihu Enjoy Life" 2023 Chenzhou Spring Auto Show (the 9th Car Buying Festival of China People’s Insurance Company and the 12th Southern Hunan Automobile Culture Festival) was grandly opened in Wuling Square.
The auto show will last for four days. Joint venture brands such as Guangqi Honda, FAW-Volkswagen, Buick, Changan Ford and FAW Toyota will all bring the latest models to the show. Independent brands such as Hongqi, BYD, Changan Automobile and Harvard will make a collective appearance. Dozens of mainstream auto brands and more than a thousand models can meet the needs of various people. Exhibitors have also introduced preferential measures such as straight drop, discount, full reduction and reduction, which have attracted many citizens to come to watch the exhibition and buy cars.
In front of Guangqi Honda booth, the slogan "0 yuan to open a new car" is particularly eye-catching. Citizens have zero pressure to buy a car. The down payment is as low as 20,000 yuan, and they can enjoy 12 installments of 0 interest at the highest. Stylish and cool models such as Stylish, Haoying, Binzhi and Zhizhai have attracted many citizens to take a test drive. "This car has a stylish appearance and a high quality interior. I like it very much." Mr. Liu, a citizen, took a fancy to a compact SUV of Honda Haoying at a glance.
There are many benefits and gifts at this auto show! Guangzhou Automobile Toyota snapped up the meeting in a limited time, and the purchase tax was up to 10,000 yuan; Zhongtian Ford benefited in a limited time, bought a car at the auto show and sent a 3,000-yuan boutique gift package, ordered a car to enjoy three maintenance times in three years, and participated in the golden egg winning prize. Guanghui Chenzhou Aofeng Audi Auto Show enjoys exclusive 10 surprise policy models, with a maximum subsidy of 8,000 yuan for car replacement and a red envelope gift of 888 yuan for car purchase. BYD Song car purchase to 88 yuan to pay 6888 yuan for car purchase, enjoy 1980 yuan car booking package, and deliver 3000 yuan car delivery package this month; Chevrolet courtesy of the whole city, limited time discount of 20,000 to 70,000 yuan …
In addition, the replacement of new energy vehicles can be applied for a subsidy of 5,000 yuan through the local area of China UnionPay "China Unionpay Quick Pass" App (according to the Implementation Rules for the Application of Replacement Subsidies for New Energy Vehicles with Purchase of Hunan Cars in 2023). The government has also issued a car purchase subsidy with a total amount of 176,500 yuan. If citizens book cars during the auto show and complete the payment before April 30, they can withdraw a maximum of 5,000 yuan in coupons.
In addition to the ultra-low preferential policies and exquisite gifts, there is also a beautiful online celebrity anchor at this auto show. These online celebrity anchors broadcast live auto shows on platforms such as Tik Tok and Aauto Quicker, and made "cloud recommendation" for auto shows from the perspectives of exhibition area tour, vehicle selection, live event and test drive experience.
The exhibition is still going on. People who want to buy a car or like a car in the near future can visit the site for a test drive, with rich benefits and limited time. Go and buy a favorite car!
Looking ahead at the end of 2021, the S&P 500 index has nearly doubled in the past three years, with an annualized rate of return of 27%. However, Deutsche Bank’s survey of more than 750 investors around the world shows that about 20% expect the S&P 500 index to have negative returns next year, with an average increase of only 4.2%.
Can the bull market of US stocks continue, and what risks will it face? What kind of opportunities are there?
US stocks as a whole: three elements or building a structural market
1. Corporate profit growth slowed down.
According to the Morgan Stanley report, in the first three quarters of this year, the earnings per share of S&P 500 companies increased by over 67%, far higher than the average of 6% from 2001 to 2020. UBS predicts that the profit growth rate of S&P 500 companies may significantly slow down to 10% in 2022.
2. Tightening liquidity
() It is believed that the most relaxed point of global liquidity has passed. With the beginning of Taper by the Federal Reserve and the marginal tightening by the central banks of other major overseas economies, global liquidity began to enter a tightening cycle.
3. Valuation regression
According to the analysis of CITIC Securities, after the completion of taper by the Federal Reserve, the dynamic PE of US stocks will gradually return from the current high of 21.4 times to the historical average of 18 times since 2015. It is expected that the US stock market will present a structural market next year.
In the face of many challenges, we sorted out the views of investment banks and listed the US stock sector and its key words worthy of attention in 2022.
New energy: the inflection point of new energy vehicles in the United States+the installed capacity of scenery has increased greatly
On November 19th, the US House of Representatives passed the Biden administration’s $1.75 trillion stimulus bill, of which about $550 billion will be used in the new energy industry, and the tax credits in new energy vehicles, photovoltaic wind power and energy storage industries will be fully increased.
CICC believes that the US new energy vehicle market has been in a "depression" in the global market for a long time due to the previous weak policies, few high-quality vehicles and weak industrial chain. The penetration rate of new energy vehicles in the United States from 1 to 1-3Q21 was only 3.7%, which was significantly lower than that in China and Europe (13.5% and 17.3%). However, with the continuous promotion and strengthening of the Biden administration’s new energy vehicle policy and the acceleration of the electrification transformation of local car companies, the development of new energy vehicles in the United States will usher in an inflection point.
In terms of photovoltaic wind power, with the increasing momentum of energy transformation, the newly installed capacity of American scenery is expected to set a new record in 2022.
According to the survey report of Standard & Poor’s Global Market Intelligence Company, it is estimated that 44GW of utility-scale photovoltaic projects will be put into operation in the United States in 2022, nearly twice the estimated new installed capacity of 23GW in 2021. At the same time, it is estimated that the newly installed capacity of wind power in the United States will reach 27GW in 2022, significantly exceeding the highest annual record of 16GW set in 2020.
BlackRock pointed out that the world is currently transforming into a more sustainable aspect, ahead of schedule. The investment in sustainability has undergone a structural change, and related assets will highlight the advantages of return on investment in the next few years.
Energy, real estate and finance: safe-haven sectors under the strongest inflation in 40 years
The CPI of the United States in November increased by 6.8% year-on-year, the highest since June 1982. Excluding food and energy prices, the so-called core CPI rose by 0.5% from the previous month and 4.9% from the same period of last year, the biggest increase since mid-1991.
Bank of America strategists believe that under the influence of high inflation, the current real profit rate of the S&P 500 index is negative, which indicates the downside risk of the market. Taking history as a mirror, there have been bear markets in the first four times in history when the real profit rate of the S&P 500 is negative. Investors are advised to seek safety in anti-inflation sectors such as energy, finance and real estate.
According to the analysis of CITIC Securities, under the background that the U.S. economic recovery continues in the first half of next year and inflation remains high, energy, raw materials and other sectors will benefit from the expansion of the scissors gap between PPI and CPI, and EPS (net profit per share) and gross profit margin of individual stocks are also expected to show an upward trend. In addition, after the Federal Reserve lifted the restrictions on bank stock repurchase and dividend distribution on June 30 this year, the repurchase amount of American financial companies has returned to the level of $16 billion per month before the epidemic, which will support the valuation and ROE (return on net assets) of the industry.
Internet technology: liquidity tightening risk vs structural opportunities for technological innovation
In December, the Federal Reserve will double the rate of bond purchase, and the bitmap shows that it will raise interest rates three times next year. Many analysts believe that tight monetary policy will pose a threat to the high valuation sector. The current P/E ratio of Nasdaq 100, a cluster of technology stocks, is about 30, which is 21.4 times higher than that of the broader S&P 500.
The Deutsche Bank report pointed out that inflation may be the main reason for most interest rate hike cycles in the United States. There is a "strong and consistent" negative correlation between the P/E ratio of US stocks and inflation ―― that is, under the high inflation environment, the valuation (PE) of US stocks tends to decline.
In view of the fact that the United States is under the worst inflationary pressure in 40 years, it may be comparable to the 1980s when the Federal Reserve was forced to raise interest rates due to the same inflationary pressure. During the two interest rate hike cycles in the 1980s, the P/E ratio of US stocks both fell ―― but it does not mean that the stock market fell across the board. In fact, the strong profit growth of US stock companies in these two periods made the S&P 500 index record a range increase of 8% and 23% respectively.
It can be seen that even if the Fed raises interest rates under the pressure of high inflation, it does not mean "the end of the world" for US stocks. The key is whether individual companies can offset the negative impact of interest rate hike on valuation with strong performance growth. During this period, it is difficult to cash in the growth rate of performance, but companies with high valuations may face challenges.
According to Bloomberg’s unanimous forecast, the overall expenditure scale of information technology companies in the S&P 500 stocks is expected to be 110.8 billion US dollars in 2022, with a year-on-year growth rate of 24.3%, which is the largest since the statistics in 2015. Whether it is soft technology or hard technology, capital expenditure is obviously positive.
Industrial Securities pointed out that FAANGs and other technology leaders focused on the direction of capital expenditure, including new energy vehicles, Metauniverse, digital currency, self-driving cars, AR/VR, cloud services, digital media and so on. Next year, the slowdown of US economic growth will weaken the kinetic energy of the overall profit improvement of US stocks and restrict the performance of the index. However, the structural highlights of the American economy in 2022, especially scientific and technological innovation, deserve attention.
Semiconductor: high valuation+supply and demand reversal risk accumulation
The Philadelphia Semiconductor Index (SOX Index), which includes chip manufacturers such as NVIDIA and AMD, has increased by 36% this year, with an increase of more than 50% in the previous two years and a cumulative return of 250% in three years. The current dynamic PE of SOX index is 6.3 times, but its 10-year average is only 3.6 times.
This year, the global wave of Internet of Things and car electrification, and the instability of the supply chain caused by repeated epidemics have caused an unprecedented shortage of chips in almost all industries. Although the shortage of automobile chips remains to be solved, the demand for semiconductors in other fields may have tended to weaken. According to industry data, the growth of global chip sales slowed down for the third consecutive month in October and has fallen back to the level of May this year.
Hocktan, CEO of Broadcom, a chip maker, also said in the conference call in the fourth quarter that some areas of the semiconductor market were "a bit too hot".
According to the assessment of CITIC Securities, as a typical cyclical industry, the global PC sales volume is expected to basically peak in 2021, and the data center hardware uplink cycle will peak in 2022Q2. Considering the marginal weakening of downstream demand (PC, server, smart phone, etc.) next year and the continuous release of new semiconductor production capacity, it is judged that the risk of supply and demand reversal in the industry is accumulating.
Aviation: North American aviation industry is expected to turn losses+epidemic concerns ease
According to the latest forecast given by the International Air Transport Association (IATA) in October, it is estimated that the expected loss of the whole industry in 2021 is 51.8 billion US dollars, which is 63% lower than the net loss of 137.7 billion US dollars in 2020. It is estimated that the loss will drop to 11.6 billion US dollars in 2022, and it is expected to turn losses into profits in 2023.
In terms of regions, IATA expects airlines in North America to take the lead in restoring profitability in 2022. It is estimated that airlines in this region will achieve a profit of 9.9 billion US dollars in 2022, which is the only region in the world to turn losses into profits next year.
Guoyuan International believes that the most difficult period of the global aviation industry has passed, and the passenger volume and profitability are on the track of recovery. The resilience of domestic aviation market demand is still strong, and the gradual relaxation of international routes in the future is a high probability event. It is suggested to reverse the layout of airlines, airports and aviation information targets.
Strategists in JPMorgan Chase said that although COVID-19 variants (such as Delta and Omicron) have repeatedly caused epidemics in various countries, if people’s natural immunity, vaccine-acquired immunity, significantly reduced mortality and specific drugs are gradually emerging, the epidemic will not be the primary risk next year.
In the just-concluded two sessions of the National People’s Congress, new quality productivity has become a hot word of concern to everyone. So what exactly is new quality productivity?
Generally speaking, the new quality productivity is an advanced productivity that innovation plays a leading role, gets rid of the traditional economic growth mode and productivity development path, has the characteristics of high technology, high efficiency and high quality, and conforms to the new development concept. The characteristic is innovation, the key is high quality, and the essence is advanced productivity.
Scientific and technological innovation is the core element of developing new quality productivity. What is the ecology and development path of China’s new quality productivity at present? How to make the new quality productivity develop vigorously according to local conditions? Let’s see how the six science and technology innovation centers distributed in China’s east, west, north and south gather innovation resources, build service platforms, and break through industrial barriers, and become the source and incubator of new quality productivity in China.
The layout of China’s "3+3" Science and Technology Innovation Center has basically taken shape.
Report to the 20th CPC National Congress of the Communist Party of China proposed: promoting the construction of international and regional science and technology innovation centers as a whole.
How to understand the science and technology innovation center? To sum up, it is a city or urban agglomeration that occupies a leading and dominant position in scientific research, technological development and industrial innovation in the world or within a certain country. Their innovative resources are intensive and their innovative achievements are rich. Scientific and technological elements can play a key role in strategic emerging industries or future industrial development, and they are the integration of scientific centers, technological centers and industrial centers.
From 2016 to 2022, the state has successively approved the construction plans of six science and technology innovation centers, including Beijing, Shanghai, Guangdong-Hong Kong-Macao Greater Bay Area, Chengdu-Chongqing, Wuhan and Xi ‘an. Up to now, the overall layout of China’s "3+3" science and technology innovation centers has basically taken shape, and the space has been fully deployed from the developed eastern regions to the central and western regions. The construction of three international science and technology innovation centers in Beijing, Shanghai and Guangdong-Hong Kong-Macao Greater Bay Area and three nationally influential science and technology innovation centers in Chengdu, Chongqing, Wuhan and Xi ‘an is progressing steadily.
Beijing: Building the Highland of Artificial Intelligence Industry
Beijing International Science and Technology Innovation Center has many national laboratories, national scientific research institutions, high-level research universities and leading scientific and technological enterprises, ranking first in the country in terms of R&D investment and scientific and technological innovation achievements in quantity and quality. It has continuously produced international leading achievements in the fields of brain science research, quantum technology and artificial intelligence model development, and won some major international awards in theoretical physics, life sciences and mathematics. At present, in Beijing, the construction of three new national laboratories, Zhongguancun, Changping and Huairou, is accelerating.
This is Beijing, and an international science and technology innovation center is being built. The artificial intelligence industry is one of the leading industries in Beijing. In 2023, the core output value of Beijing’s artificial intelligence industry is expected to exceed 250 billion yuan, and the scale of radiation output value will exceed one trillion yuan, making it a leader in the development of artificial intelligence in China. Beijing has six national key laboratories in the field of artificial intelligence, and three national engineering research centers in video and visual technology, deep learning technology and application, forming a high-level scientific research base integrating basic research, personnel training and high-level academic exchanges. The number of artificial intelligence-related enterprises in Beijing is about 2,200, and 40% of the artificial intelligence enterprises in China gather here. In 2023, the total amount of financing in the field of artificial intelligence was about 22.3 billion yuan, accounting for about a quarter of the country.
Visiting large model research institutions and entering Beijing Zhiyuan Research Institute
From ChatGPT, a big language model that became popular in the field of artificial intelligence in 2022, to Sora, a big video generation model that appeared at the beginning of this year, "big model" has undoubtedly become a hot word in the current technology industry. How is Beijing’s research and development work in the field of large models progressing? In 2018, with the support of the Ministry of Science and Technology and Beijing Municipality, Beijing Zhiyuan Artificial Intelligence Research Institute was established as a new research institution jointly established by several superior units in the field of artificial intelligence in Beijing. What achievements have they made in recent years, what projects are they studying, and what are their plans for the future?
In a laboratory, researchers are using large model technology to concentrate multimodal tasks such as semantic analysis, visual recognition and motion capture on a robot dog platform for testing and training. In another laboratory, researchers use large models to train and generate pictures and videos.
Wang Xinlong, a researcher at Beijing Zhiyuan Research Institute:Multi-modal big model is to hope that it can be exposed to various modes like us, and at the same time, it can create new texts, new images, new videos and audio.
From ChatGPT, a big language model that became popular in the field of artificial intelligence in 2022, to Sora, a big video generation model that appeared at the beginning of this year, "big model" has undoubtedly become a hot word in the technology industry. The origin of this technological innovation comes from a paper called BERT published by Google in 2018. BERT model has set 11 records for natural language processing. It can learn from massive unlabeled data of multiple tasks and perform various language tasks such as knowledge answering, context filling, text understanding, etc. This technology has opened a new artificial intelligence paradigm and brought brand-new inspiration to the founding team of Beijing Zhiyuan Research Institute, which was just established at that time.
After careful analysis and preparation, in October 2020, Zhiyuan Research Institute identified the research direction as a new opportunity for artificial intelligence-big model, and soon gathered 100 top scientific research forces composed mainly of professors, doctors and graduate students from various disciplines. It took only five months to train and release the first big model of Chinese language in China, named "Enlightenment". In the following three months, Enlightenment 2.0 was released with 1.75 trillion parameters, which was the largest artificial intelligence model in the world at that time.
At the same time that Zhiyuan Research Institute invested in large-scale model research, OpenAI of the United States released a large-scale model ChatGPT with larger parameters. In a larger-scale training, the large-scale model showed a more powerful emergence of intelligence, which further confirmed the arrival of a new intelligent era. As a new R&D institution, Beijing Zhiyuan Research Institute, with its early layout and early investment, has enabled China to rapidly iterate in the era of large models and accumulated a large number of technical and industrial talents. In 2021, they began to take the lead in the research and development of a new generation of artificial intelligence, aiming to build an open and open artificial intelligence model system.
Huang Tiejun, Chairman of Beijing Zhiyuan Research Institute:Our new mission is whether we, as an institution, can provide an open-source technology system for the development of this industry and bring everyone’s innovative power into play under such a rapid development state. This system is that all codes are completely open, and our mission is to promote the development of this field.
How is the new R&D institution new? Visiting Beijing Tongyan Institute
Up to now, seven or eight large model industry transformation projects have been developed from the early team of Zhiyuan Institute, and related companies have been established, and the project transformation has been initially completed.
The exploration of cutting-edge technology is uncertain, and the explosion of large-scale model is also an accident in technical iteration. In order to stay in the first echelon of global artificial intelligence research, Beijing gives full play to the advantages of scientific research resources and talents, and actively arranges new R&D institutions in the field of artificial intelligence around different paths such as large model, general agent and scientific intelligence. So how new are the new R&D institutions in this field? What is being developed now?
Walking into Beijing Institute of General Intelligence is like walking into an artificial intelligence training base. They are building a general agent that is "value driven" rather than "data driven". Its name is "Tongtong", which can exist in the virtual world or be combined with robots to give them the ability to judge value. In the background, we can adjust the value dimension of "Tongtong", for example, let her be a clean child.
Chen Hao, Deputy Director of Advanced Technology Center of Beijing General Institute of Artificial Intelligence:It can learn some new knowledge and value incrementally through multi-modal interaction, through its own exploration and interaction between people, so its difficulty first needs to have very strong abilities of vision, language, understanding, reasoning, induction and summary. On the basis of these abilities, it is possible for her to develop a higher level of real-time online learning ability.
Although the large-scale model technology can emerge intelligence, it also consumes a huge amount of computing power. The technical team of the Institute hopes to explore a general agent driven by value, which can consume as little computing power as possible and realize intelligence.
The technical route is unique, and the form of scientific research organization is also explored across borders. This is a robot named "very happy". To achieve such a technical effect, the team has crossed the boundaries of multimedia, machine learning, psychology and other disciplines.
Director, Frontier Research Center, Beijing General Institute of Artificial Intelligence a surnamesongrand：Robot includes cognition, reasoning, and then psychology, etc., which is a very cross-disciplinary talent. Then our entire research center has seven laboratories, including computer vision, natural language robots, etc., which is a very complex talent training system.
In 2023, Beijing, the top scientific and technological innovation cluster in the world, ranked fourth.
The foundation of innovation is talent. The data shows that there are more than 40,000 core technical talents in the field of artificial intelligence in Beijing, accounting for 60% of the country. A total of nine universities in Beijing have set up artificial intelligence colleges or research institutes, accounting for 20% of the country. Beijing is building a highland of artificial intelligence industry and plans to form a complete industrial ecology.
From two perspectives, in terms of computing power, Beijing has deployed more than 10,000 P of intelligent computing power, effectively supporting the iteration of large-scale model development. You may not have a concept of this. Experts told us that the computing power of 1000P is equivalent to 500,000 PC computers. For example, for the data exploration of 200,000 stars, it would take an experienced scientist 169 days to complete it in the traditional way, but now it only takes 10.02 seconds.
In terms of data, the first batch of "Chinese Internet Corpus" will be opened to build the first national data basic system pioneer area in China.
In addition, in the Global Innovation Index 2023 released by the World Intellectual Property Organization, Beijing ranks fourth in the world in the ranking of the world’s top scientific and technological innovation clusters. In this ranking system, the concept of science and technology cluster is interpreted as "science and technology hub", which refers to the region with the largest number of inventors and scientific authors in the world. It can be said that the strength of Beijing International Science and Technology Innovation Center can also be felt from this ranking.
Expert analysis: What are the advantages and characteristics of Beijing International Science and Technology Innovation Center?
The Regulations on the Construction of Beijing International Science and Technology Innovation Center came into effect in March.
On March 1 this year, the Regulations on the Construction of Beijing International Science and Technology Innovation Center came into effect, which clarified the leadership system for the construction of international science and technology innovation centers, gave full play to the advantages of Beijing’s science and technology resources, and formed a strong joint effort. Clarify the strategic planning and construction layout of the international science and technology innovation center, and provide important guidance for future construction and development. We also look forward to Beijing International Science and Technology Innovation Center contributing more innovative R&D achievements to China and the world.
More than half of 2023 has passed, and the research and development of new products in 2024 is being started. So what is the trend of the beauty industry in the coming year? In which direction will the industry develop?
On August 18th, the 2023 Top 100 Cosmetics Conference, jointly organized by CBO and China Department Store Business Association, was grandly opened in Hangzhou Bodi Liyun Hotel. At the "2023 Cosmetics Department Store Retail Conference", Meng Shuping, the trend director of authoritative forecasting agency WGSN in China, shared the report "Beauty and Skin Care Trends in Spring and Summer of 2024".
△ Meng Shuping, Trend Director of △WGSN China District
"In the era of dynamic changes in consumers, if you want to understand the trend of the beauty industry, you must first understand the beauty consumers." Meng Shuping stressed.
According to the results of WGSN’s multi-dimensional investigation, it is believed that in 2024, driven by macro factors such as economic recovery, scientific and technological development and post-epidemic reconstruction, there will be six categories of consumer ideas, namely, mindfulness care, mobility, building into a state, mass power, multi-personality and breaking away from convention.
WGSN said that 2024 was a very special year after the epidemic. Because people need to rebuild psychologically and physically after the epidemic, there will be a relationship of embracing and interacting between people, that is, from individual to individual and then to subject. In this process, there has been a gathering of groups such as mindfulness, multiple personalities and breaking the routine, so this trend has emerged.
Among them, "flowing state" and "building into Tuobang" are relatively new consumption concepts at present. "Flowing state" means that consumers are constantly changing under the influence of the big environment such as economy, so the industry should constantly understand consumers to adapt to consumption changes. "Building into a Tuobang" means that consumers are becoming more and more personalized, and there will be a beautiful vision of "taking practical actions to make society enter a utopian state". For example, more and more KOC help their favorite brands to enter the public eye.
After the concept of consumption, different portraits of consumers are hidden. If we evaluate the seven dimensions of beauty consumption motivation, such as sensitivity to big brands, environmental ethics, price awareness, efficacy, convenience, social media evaluation, personalized customization and so on, they will present the following seven kinds of consumer portraits: skincare slacker, factual activist, progressive, digital expert, sensitive romantic and universalist.
The first is "streamlining skin care lazy people", who are equivalent to the wisdom of the personal care industry. They show the new moment of beauty, use intelligent beauty technology and pay attention to all forms of mindfulness care. At the same time, they also admire big brands and like fixed products with good reputation; The value of environmental ethics is very high, and the price awareness is relatively weak. "Because they know that higher prices will have better quality."
The "Factual Action School" pays more attention to efficacy and personalized customization. Their environmental moral values are relatively high, and they are generally sensitive to big names, but they pay more attention to social media evaluation. "So, you can see why there are so many young people now. When buying a brand, they will first make an inquiry on the little red book." Meng Shuping explained. In addition, the group also strives to break the old norms of the beauty industry and eliminate potential prejudice. For example, this group not only pays attention to the expectation of the younger generation of beauty products such as generation Z, but also cares about the new product trends of generation X (people in the 1970s).
The value of environmental protection morality of "Tuobangists" has reached the peak, and they advocate nature, but this group has a moderate trust in big brands and a relatively high sensitivity to social media and efficacy. The group of "digital experts" pursues the brand effect, but also the direction of imitation makeup, digital virtualization and emotional communication. They can seamlessly change between the digital world and offline life, and reshape beauty with physical digital behavior and virtual character aesthetics.
"Sensitive romantics and universalists" also pay more attention to big names and environmental awareness, as well as social and personalized customization. At the same time, I also love emotional expression, and there will be some rebellious psychology such as "I want to be younger". They attach importance to co-creation and experimental products and brands that integrate art, science and nature.
Although "universalists" are more popular, they still pay attention to environmental protection and will pay attention to convenience and effectiveness. They need to redefine the crowd. This also explains why more and more neutral makeup and transgender makeup are becoming more and more popular. This group of people pursue the democratization of beauty, reject perfection, advocate high authenticity, and think that everyone should feel beautiful, popular, cared for and concerned.
In response to these consumer portraits, WGSN predicted three directions of beauty in spring and summer of 2024.
On the basis of exploring the integration of new and old, nature and man-made, WGSN believes that one of the trend themes of the beauty industry in the coming year is "blurred". These include meta-cosmic inclusiveness, space beauty, biotechnology, DNA skin care, healing beauty, healthy journey, from seeds to skin and many other development directions.
"If you want to impress consumers with the concept of" flowing state "and" digital talent ",you can combine it with beauty cosmetics in the direction of meta-universe and space beauty, such as skin care brand Youshiyan, and use consumers’ interest in space-related product design and interstellar aesthetics to cooperate with China Aerospace Culture Bureau to design its anti-wrinkle eye cream product 2.0, which presents a very space-like packaging."
Meng Shuping said that as the real and virtual fields become more interchangeable and people don’t care much about the differences between them, in this era background, the blurred theme highlights the dazzling design, immersive world and illusory solutions. At a deeper level, the confusing theme is rooted in the reality that the world is facing unprecedented challenges and how to deal with these challenges in an alternative or even speculative way. Here, science and science fiction are in perfect harmony, because creative people and scholars explore how to use the virtual world and enter Tuobang (a more active and pragmatic utopia) to explore new solutions for the real world.
"Chengfang" is the second trend direction of the beauty industry. Through freedom of expression and passion for cross-category innovation, this theme embraces multiple personalities, breaks away from convention and challenges the beauty narrative of the past. The main development directions are: a new generation of expressionism, hangover remedy, remodeling basic models, Gothic aesthetics, meaningless age beauty, new masculinity, embarrassing beauty needs and so on.
First of all, in the happy, naughty and innovative expressionism, bold, bright and flamboyant colors are the key. Global Google trends show that in the past 12 months, the search volume of "rave makeup" has increased by 250%, among which the search volume of "glitter eye shadow" has increased by 250%.
"hangover remedy" is combined with the rich nightlife of modern young people. The products focus on quick repair and makeup to meet the needs of young consumers’ living conditions; "Remodeling basic models" is to reshape basic products such as masks and mascara according to the preferences of young consumers. "Gothic aesthetics" is based on the return of punk culture, adding a large number of personalized metals and irregular metals to products, making products more cool.
"Unnecessary Age Makeup" will break away from convention, attract millennials and Generation X, and seek expressive makeup. The data shows that by 2025, cosmetics for people over 40 will become a growth area, because older millennials and Generation X will continue to use makeup as a source of happiness and a tool for self-expression, regardless of age restrictions.
With the increase of life expectancy of the global population, people no longer regard cosmetics as the patent of young people, and older people will continue to use cosmetics. It is estimated that by 2025, the global population over 60 will double to 2.1 billion (data from WHO).
"Anju" is the third trend direction of the beauty industry.
WGSN believes that with the readjustment of values, consumers advocate the value of interdependence and the power of adaptation and recovery.
On the functional level, this direction focuses on products that satisfy our sense of happiness and security. This can be expressed in the form of healing design and health design. It can also be expressed in the form of ultra-practical items with great adaptability by using the power of color, light and emotion. Considering the portable and packable design, it can provide preparation and protection in an unpredictable world, which is not only suitable for traveling and nomadic lifestyles, but also able to cope with changing weather. Such as balanced beauty, fermented beauty, more convenient perfect dosage, quiet fragrance therapy and so on.
