Binding China enterprise ZF to automatic parking on a large scale

  [car home Industry] When people talk about ZF, they must have a high evaluation of its 8AT gearbox. There are countless partners in this star product, especially BMW, which is famous for its control. Most of its models use ZF 8AT gearbox. Today, ZF will no longer be a simple gearbox company, but will gradually evolve into a technology company focusing on the future travel field.

  "Before 2030, ZF’s contribution to the Asia-Pacific region needs to reach 30% of the group’s income, and the China market will become the main source of growth to achieve this goal." At the strategic cooperation ceremony between ZF and China technology company Tiantong Weishi on June 15th, Dr.Holger Klein, director of ZF Group, said, "This requires us to cooperate with forward-looking partners in the local ecosystem of China."

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Why did you choose Tianqi Weiwei?

  On June 15th, ZF signed a strategic cooperation agreement with CalmCar to jointly develop cost-effective automatic parking (APA) and automatic parking service (AVP) systems. At the same time, this is the first time that ZF has invested in a local start-up technology company in China.

  In Ke Haozhe’s view, it is now in an era full of challenges and changes. On the one hand, the travel industry is facing common challenges such as COVID-19 epidemic, chip trade and climate change; On the other hand, software-defined cars, as well as the development of technologies such as autonomous driving, artificial intelligence and 5G, will combine the digital world in the field of travel with the real world. These common challenges and opportunities are complex and interrelated, and ZF should cooperate with upstream suppliers, first-class suppliers and automobile manufacturers.

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"Ke Haozhe, Director of ZF Group"

  In recent years, by actively participating in the domestic ecological circle, ZF has actively deployed its work focus and company resources in the high-tech development of China, and taking a stake in Tiantong Weishi is a major move of ZF. "This year coincides with the 40th year of ZF’s operation in China. At this key node, ZF participates in the China automobile ecosystem and has deeper cooperation with China start-ups. This is also an important performance of the Group’s emphasis on the China market. " Ke Yuzhe said.

  ZF has made some achievements in the key technical fields of automatic driving, from high-precision sensors and intelligent actuators to high-efficiency on-board central computers and service-oriented software systems. Perhaps the outside world will ask, start-ups are overwhelming, why did ZF choose Tianqi Weiwei?

Home of the car

  Xing Xun, Engineering Director of China Electronics and Driver Assistance System Division of ZF Group, said, "As early as 2017, ZF cooperated with Tianzhu, and now the technical achievements of our cooperation have been verified in 3-4 years. This also means that this technology is reliable. "

  "ZF is not willing to invest in a company if it is only famous, rather than the two sides spend time and energy on joint development. This is a starting point for ZF to cooperate with start-ups in China-it takes some time and technical precipitation. " Xing Xun added.

  At the same time, Damon, founder and CEO of Tiantong Weishi, predicted that in 2023, L2-class and L3-class advanced assisted driving will achieve large-scale development in the China market, and in 2025, China will usher in large-scale mass production of L4-class autonomous driving. Compared with the global OEM layout, China will be two years ahead, among which low-speed assisted autonomous driving has completed 35% assembly rate in 2020.

  ZF and Tiantong Weishi have come a long way, and now is the right time to strengthen and deepen cooperation.

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Wang Runyi, President of ZF China and Senior Vice President of Asia Pacific Operations, and Damon, Founder and CEO of Tiantong Weishi.

AVP system landed in China on a large scale?

  "The automatic parking system, whether it is the end consumer or the OEM, has a very strong demand for this function." Asked why ZF laid out the AVP field, Xing Xun said, "Aiming at the problem of parking difficulty, automatic parking service is a product that really comes from the demand side."

  ZF will start with automatic parking and automatic parking service, and build future-oriented autonomous driving technology to support the next generation of travel modes. If we look back at the Shanghai Auto Show in April this year, ZF released AVP automatic parking service technology for the first time. In fact, this technology is based on the deep cooperation between the two parties.

  ZF’s specialty in sensor actuators and system integration, combined with the software support of Tiantong Weishi and the crowdsourcing map technology of another partner, this AVP automatic parking service technology can provide an economical and efficient solution for car companies without relying on the transformation of parking lot infrastructure and the prefabrication of high-precision maps of parking lots.

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  "Actually, ZF has a relatively comprehensive layout in L2-level assisted autonomous driving and L4-level autonomous driving on highways. Comparatively speaking, there are shortcomings in the low-speed automatic parking scene." Xing Xun said frankly, "In this field, the working conditions in China are very different from those in foreign countries, including the parking environment and garage construction methods. Cooperation with Tianzhu Weishi is essentially a supplement and improvement to ZF’s construction of autonomous driving map. "

  Just as the technical route of self-driving cars is divided into bicycle intelligence and vehicle-road coordination, automatic parking service also has two major routes: vehicle end and field end. It is reported that the AVP system jointly developed by ZF and Tianzhu is mainly based on vehicle intelligence.

  The automatic parking service system is equipped with four fisheye cameras with a panoramic view of 192. By using the fusion of 360 panoramic view perception of Tiantong Weishi and ultrasonic radar perception, the system can effectively identify parking spaces and obstacles, help vehicles locate indoors and outdoors, and plan automatic parking paths in real time.

Home of the car

  "There are 400,000 paid parking lots in China. If we carry out large-scale field-side renovation, it is actually unrealistic. Therefore, Tianzhu Weishi uses its own unique algorithm advantages and combines ZF’s century-old experience to realize automatic parking service without increasing the cost of the vehicle on a large scale. " Damon, founder and CEO of Tianzhu Weishi, stressed, "Only in this way can the AVP system land quickly and on a large scale."

  It is understood that ZF AVP system is scheduled to be installed for the first time on the models of China automobile manufacturers at the end of 2022, and the landing scenes are airports, shopping malls and parking lots.

Meet the new challenges of China market

  "The cooperation between ZF and Tiantong Weishi is a good start, but such cooperation is definitely not the only cooperation of ZF. We will conduct a very profound and comprehensive investigation in the future to find a partner that complements ZF in culture and technology in the automobile ecosystem, making the overall business model of the group more flexible." Wang Runyi said, "This is our goal, and ZF will carefully and openly choose China partners."

Home of the car

  2021 is the 40th year that ZF entered China. In these 40 years, ZF has witnessed the rapid development of China automobile industry. From 1981, ZF received its first order in China, to 1994, ZF opened its first factory in Langfang, and now, ZF has nearly 50 manufacturing enterprises and three R&D centers in China. ZF has gone through the process from "sales in China" to "manufacturing in China" and then to "R&D in China".

  It is worth mentioning that ZF’s sales in China increased by 10.3% in 2020, which is at the same level as that in its home market. In the past two years, as a Tier1 supplier, ZF found that the demand of China OEM changed greatly.

  "First of all, the OEM’s own research and development capabilities have been significantly improved; Secondly, the technology and services provided by the main engine factory to suppliers need to be faster in response speed; Finally, it is more flexible in technical requirements, and tends to combine the specific needs of OEMs, with a more systematic and deeper understanding. " Wang Runyi told car home.

  "In the past, a new model was developed for three or four years. This era no longer exists. What we see is the average aging of 6-18 months. This puts higher demands on ZF’s R&D team. " Wang Runyi believes that ZF needs the help of local start-ups in China to respond to customers’ requirements quickly.

Home of the car

  In fact, at the technical level, the supply mode of black box or white box in the past can no longer meet the needs of OEMs. "OEMs hope that ZF can help tailor the architecture based on them and make technical synthesis according to customer needs." Wang Runyi said.

  For example, the cooperation between ZF and Tiantong Weishi not only speeds up the R&D process of ZF localization, but also shortens the technology R&D cycle, accelerates the technology iteration speed, and enables the latest technology to be put into the market better and faster. By strengthening technical exchanges, the two sides will jointly build a new platform with complementary advantages and win-win cooperation.

  As Wang Runyi said, "China is the top priority of ZF’s future development strategy. We will continue to increase investment in China, welcome the deepening exchanges between partners inside and outside the industry with an open mind, look forward to the future together, and explore different cooperation modes. Qi Xin will work together to turn challenges into opportunities, which will make it impossible and possible."

■ Editor’s summary:

  In addition to the automatic parking service technology launched this time, ZF has continuously expanded its business boundaries in recent years, focusing on the "next generation travel" strategy. For example, the establishment of the electric drive technology division, the integration with the commercial vehicle technology company Webeco, the sales of independent software solutions and the establishment of a brand-new software center. There are no enterprises that are always successful, only enterprises that constantly adapt to the general trend of the times. (Text/car home Peng Fei)

Strong stocks, Huawei’s automobile chain rose against the trend! The company rose 161% in the past 33 trading days, and the number of new models exceeded expectations. Huawei was deeply involved in th

  On October 18th, the three major indexes of A shares fell collectively.Down 0.8%,It fell by 1.24%.Down 1.2%.

  From the plate,The industrial chain has risen against the market. Wind data shows that the index rose by 1.29%,Daily limit,Up more than 4%,Wait for multiple shares to follow up.

  For the automotive sector,Dongguanpoint out, the new force car companies headed byOrders grew rapidly during the National Day holiday, and the market fever is expected to continue., or it will drive the automobile consumption at the end of the year to consolidate the realization of the steady growth goal of the automobile industry throughout the year.

  Huawei automobile industry chainAmong the stocks, these twoCar companies have seen a large increase recently. At the same time, the landing of new products is expected to bring a new round of volume cycle:

  • In the past 33 trading days, it rose by 161%, and the number of new models of the company exceeded expectations. The model platform, intelligent cockpit and intelligent driving flagship with Huawei’s deep participation may be listed in December, and it is expected to start a new round of loading cycle under the catalysis of channels and products.

  • In the past five days, the cumulative increase of the company has exceeded 21%, and the transformation is getting better and better. In September, the automobile sales volume improved to a great extent, the export momentum was steady, and the overseas strategic development was accelerated. The continuous new car cycle is expected to promote the company’s sales andImprove.

  1、(601127.SH)

  (1) Recent market conditions

  On October 18, A shares closed.(601127.SH)The daily limit is 85.91 yuan. The turnover on that day exceeded 9.8 billion yuan, ranking first in A shares. Since August 25th, the stock has soared.As of the close of 18th, the stock rose as high as 161.20%..

  According to the company official website, Sailis is a technology-based manufacturing enterprise with automobile as its core business, and its business involves new energy vehicles and core three power plants (, electric drive, electronic control), research and development, manufacturing, sales and service of traditional automobile and core component assemblies.

  thinkThe company and Huawei have deep cooperation in the intelligent selection mode to build a brand in the world, and it is expected to start a new round of volume cycle under the multi-point catalysis of channels and products.

  (2) investment points ((Hong Kong), etc.)

  (1) The number of new M7 orders in the world exceeded expectations.

  A few days ago, ask the world, from September 12th to October 6th,The new M7 in Wenjie will exceed 50,000 sets.On October 6, the single-day big decision exceeded 7,000 vehicles.Set another one-day record.

  From the functional point of view, M7 is equipped with HarmonyOS Intelligent Cockpit 3.0 system, which has massive applications, seamless switching of mobile phones to cars, ecological sharing and voice interactive upgrade experience. In addition, Wenjie M7 is equipped with Huawei ADS Advanced Intelligent Driving 2.0, which is infinitely close to L3 intelligent driving experience.

  (Hong Kong) thinksHarmonyOS’s increasingly perfect ecology has gradually reflected the promotion of cross-border orders.It is expected to drive the sales volume of the industry to bottom out.. With the strong R&D support of Huawei,The safety and practicability of assisted driving technology will quickly enter the first echelon in China.Regional coverage and vehicle application are expected to continue to develop.

  ② The M9 is expected to be listed in December.

  In order to seize the "Golden September and Silver 10" consumption peak season, the pace of major brands announcing the launch of new cars has obviously accelerated.According to the 375th batch of Announcement of Road Motor Vehicle Manufacturers and Products issued by the Ministry of Industry and Information Technology, M9 and M9EV are listed..

  The new car is based on the newly built D-class.The SUV platform will be equipped with all-aluminum chassis, intelligent cockpit, intelligent driving, Huawei megapixel smart headlights and Huawei A.UD, Huawei AI big model, etc.

  The pre-sale price range of AITO bound M9 is 500,000-600,000 yuan, which is compared with the standard Mercedes-Benz GLS and the ideal L9.It is expected to be officially listed in December 2023..

(Source: Ministry of Industry and Information Technology website)

  point outThe M9 represents a new round of cooperation between Huawei and Celeste in car selection business (China is the first deeply involved vehicle platform, intelligent cockpit and intelligent driving flagship configuration).It is expected to continue to enhance the brand power of AITO..

  ③ Binding Huawei+independent breakthrough and waiting for the transformation effect.

  1) Cooperation.

  • In order to further improve the management efficiency/decision-making response speed, in July 2023, the company and Huawei set up the "AITO Joint Working Group on Marketing and Service", and the cooperation will not only be limited to the front end of sales, but also open to the after-sales to achieve end-to-end closed-loop cooperation management.

  • Huawei empowers the Cyrus brand in products and channels, and the vehicles in the border area are equipped with intelligent configurations such as HarmonyOS car system and HUAWEIADS advanced intelligent driving system, and are sold by online Huawei Mall and a large number of offline stores, which has strong competitiveness.

  2) Autonomy

  • Focusing on system architecture construction, the company has built a number of key platforms, such as Rubik’s Cube Platform and Cloud Sea Architecture. In the first half of 2023, the company added 315 authorized patents and 1,058 new patent applications.

  • estimateIn 2023, Sellers sold 85,000 vehicles, up 6% year-on-year, among which the sales of M5 and M7 models were 45,000 and 40,000; In 2024, Sailis sold 255,000 vehicles, up 200% year-on-year, among which the sales of M5, M7 and M9 vehicles were 7.5, 11 and 70,000 vehicles.

  

  point outThe Celestial brand that the company cooperated with Huawei has won strong market response and good product reputation.With the introduction of new M7 and M9, the sales of new energy vehicles are expected to be greatly improved.. It is estimated that the company’s revenue will increase by -20%, 233.1% and 30.5% from 2023 to 2025. GuimuIt is estimated that it will turn losses into profits in 2025.

(Source:)

  At the same time, Cinda also suggested the following risks: car sales are less than expected, competition in the auto industry is intensifying, raw material prices fluctuate, and the launch progress of new models is less than expected.

  2、(601633.SH)

  (1) Recent market conditions

  On October 18th, A shares closed up 3.72% to 30.98 yuan.The company’s share price rose for five consecutive days (October 12-October 18), with a cumulative increase of 21.11%..

  Official website shows that the company’s business includes automobile and parts design, research and development, production, sales and service, and it owns Haval, Wei Brand, Euler, Tank and Great Wall pickup truck.

  Recently,Release September production and sales express. The announcement shows thatIn September, the company sold a total of 121,632 vehicles, an increase of 29.89% over the same period last year; The output was 137,870 vehicles, an increase of 33.49% over the same period last year..

  thinkThe company’s car sales in September improved to a great extent. Considering the bright performance of some new cars on sale,Looking forward to the continuous heavy volume in October..

  expressIn the short and medium term, the company is determined to transform new energy.The continuous new car cycle is expected to promote the company’s sales and performance improvement.In the long run, the company’s four expansion strategies open up the long-term growth space of sales volume, and intelligent transformation opens up the profit space of the whole industry chain.

  (2) Investment Points (,)

  ① New energy transformation is getting better and better.

  In July 2020, the company proposed to transform into a global technology travel company. By the end of 2022, four business segments were formed, namely, Euler+Salon, Tank+Weipai, Haval and Great Wall pickup truck. The development strategy of hybrid, pure electricity and hydrogen energy in parallel has been established, and the whole industrial chain layout has been carried out in the fields of intelligent driving, intelligent cockpit and intelligent chassis.

  Recently, President Feng Mu said in an interview during the Chengdu International Auto Show,It took the company three years to complete the electric transformation, and it will take another 2-3 years to complete the intelligent transformation..

  According to the company’s production and sales data in September,Type-B sales continued to increase.In September, it sold 21,900 vehicles, a year-on-year increase of 111.23%. In the third quarter of this year, the company sold 77,121 vehicles, a year-on-year surge of 131.41%, and the company’s intelligent new energy achievements appeared.

  Currently,Many new products of the company are ready to go.The focus is on inserting the mixed track, and the new car is clearly positioned. It is estimated that more than 10 intelligent new energy products will be launched in 2023. Many new energy vehicles such as Haval brand second-generation big dog, Xiaolong series, Raptor and H5, WEY brand Blue Mountain, Gaoshan, tank brand 300PHEV/500PHEV/400/700, and Euler and Salon brands are expected to make important contributions in the future.

  ② The export momentum is steady, and the overseas strategic development is accelerated.

  According to the production and sales express in September, the company exported 30,018 vehicles in September, up 4.56% year-on-year, accounting for 24.7% of the group’s sales, and the export volume exceeded 30,000 vehicles for two consecutive months. From January to September, Great Wall Motor sold a total of 211,696 vehicles overseas, up +89.45% year-on-year.The company’s overseas export momentum is steady.. In the first three quarters, Great Wall Motor’s overseas sales accounted for 23.63%, 24.04% and 25.45%,In a sustained growth trend..

  The company’s global layout is leading, with differentiated layout in Europe, South Asia, ASEAN, Latin America and other markets, and the pace of independent brands going out to sea is accelerated in an all-round way.Specifically:

  • Haval H6, Haval JOLION, Haval Big Dog, Euler Good Cat, Tank 300, Great Wall Gun and other models have been listed in Cambodia, Vietnam, Brazil and other places, helping global sales to continue to climb.

  • The star single product tank 500 has been listed in the United Arab Emirates, Saudi Arabia, Oman, Bahrain and other places, and continues to explore the Middle East market.

  • The company formally signed a strategic cooperation agreement with ADM automobile factory of Uzbekistan automobile group on Uzbekistan market development cooperation, and a Great Wall strategy is accelerating.

  Performance forecast:

  Maintain the profit forecast, which is expected to be realized in 2023-2025.They were 1,742.30, 2,123.43 and 251.313 billion yuan respectively, up by 26.86%, 21.88% and 18.35% year-on-year, and the net profit attributable to the mother was 66.06, 87.12 and 11.210 billion yuan, up by -20.08%, 31.88% and 28.67.

(Source: Founder)

  At the same time, Founder Securities also suggested the following risks: the sales of new energy vehicles were less than expected; The launch of new models is less than expected; Gross profit is damaged under the price war; Car exports fell short of expectations.

  (The content of this article from licensed securities institutions does not constitute any investment advice, nor does it represent the platform’s point of view. Investors are requested to make independent judgments and decisions. )

A crazy night in European football: Rome turned Manchester United out, Serie A made history, and Ligue 1 was wiped out.

On April 21st, Beijing time, let’s take a look at the latest situation of European football.

Manchester United went away to Seville 0-3, and the total score was 2-5.

In the second round of the Europa League quarter-final, Maguire and Degea gave gifts one after another. In the end, Manchester United lost to Seville 0-3 away and went out with a total score of 2-5. Manchester United were eliminated from the European Games for six consecutive seasons by La Liga teams, including three by Seville.

Juventus 1-1 away to Portugal Sports, with a total score of 2-1.

In the second round of the Europa League quarter-final, Rabiot scored a goal and sent a point. In the end, Juventus drew 1-1 away from Portugal Sports and still advanced with a total score of 2-1. According to statistics, this is the 22nd time in the history of Juventus team to break into the European semi-finals, ranking first in Serie A and second only to Emperor Rensa in Europe.

Rome 4-1 at home to Feyenoord, with a total score of 4-2.

In the second round of the Europa League quarter-final, Rome conceded the goal in the 80th minute, and the total score was 1-2 behind. Dibala scored a life-saving goal in the 89th minute, which abruptly dragged the game into overtime. In extra time, Roma defeated Feyenoord 4-1 with goals from Sharawi and pellegrini, and reversed the promotion with a total score of 4-2.

Leverkusen away to San Giros 4-1, with a total score of 5-2.

In the second round of the Europa League quarter-final, Hlozek and Barker crossed the ball, Diaby and Frimpong each scored a goal, and Leverkusen beat the Belgian team Saint-Giros 4-1 away, and advanced with a total score of 5-2.

Under the leadership of young Alonso, Leverkusen returned to the European semi-final after 21 years. The last time they reached the European semi-final was in the Champions League in 2001/02. In the last 12 games, Leverkusen remained unbeaten with 8 wins and 4 draws. The last time they lost was 2-3 Mainz in the Bundesliga in February this year.

In the UEFA, Florence lost 2-3 away and still advanced with a total score of 6-4. While Basel eliminated Nice with a total score of 4-3. Alkmar beat Andre Laichter 4-1 on penalties and advanced 6-3 on aggregate. West Ham United beat Ghent 4-1 away and advanced 5-2 with a total score.

Serie A became the biggest winner. Together with AC Milan and Inter Milan in the Champions League, a total of five teams entered the European semi-finals, which is the first time in history. The French team was completely annihilated. This is the first time since 2019 that no French team has advanced to the semi-finals of the European War.

The reporter from the reception desk investigated that the illegal golf course in Yulin desertification area of Shaanxi Province has been in business for more than ten years without any approval proce

  On September 11th, a reporter from the Central Radio and Television General Station conducted an on-the-spot investigation in Yulin City, Shaanxi Province, and found that a golf course covering an area of nearly 3,000 mu was in operation in a project called "Green Taosha Desert Eco-city" in Yulin Sandy Forest Park, 16 kilometers northwest of Yulin City.

  Yulin City, located in the north of Shaanxi Province, is the junction of Mu Us Sandy Land and Loess Plateau, with an annual precipitation of only about 400 mm, a semi-arid continental monsoon climate and a typical desertification and desertification area. Why can a golf course be built in Yulin, which is seriously short of water? The reporter conducted a field visit.

  During the visit, the reporter learned that the golf course belongs to the reservation system, and there is a security guard at the entrance of the ecological park. Non-members and reserved customers are forbidden to enter. Under the guidance of the local people, the reporter saw the scene inside through aerial photography. Almost all the lawns in the ecological park are mowed, and the terrain is patchy. Battery cars pull guests to shuttle between different greens, and many people are swinging on the lawn to play ball. After many contacts, the reporter entered the golf course in the "Green Taosha Desert Eco-city". The staff of the golf course introduced that the golf course started construction in 2008 and opened to the public in 2011. The planning of the course is more than 4,000 mu, because the whole course is distributed among many sand dunes, and the fairway fluctuates greatly. Playing here is more challenging than ordinary golf courses, and it is a rare desert golf course in China. The course is reserved and membership, with a minimum membership card of 320,000 yuan and a business card of 46,800 yuan. The staff said that although it is expensive, there are many people who come to play ball every day, ranging from 70 to 80 people to nearly 200 people.

  In 2004, the General Office of the State Council issued a notice on suspending the construction of new golf courses. From January 10, 2004, local people’s governments at all levels and various departments in the State Council are not allowed to approve the construction of new golf courses. Why did the golf course in the "Green Taosha Desert Eco-city" in Yulin City start construction in 2008? Are there any relevant approval procedures for the stadium? In response to this problem, on September 12, the reporter visited the Yulin Municipal Development and Reform Commission. The staff of the Social Development Section of the Yulin Municipal Development and Reform Commission said that the Green Taosha Golf Course had not fulfilled the project approval procedures. The reporter learned from the Natural Resources and Planning Bureau of Yulin City that the Green Taosha Golf Course is an illegal construction project without approval procedures. After comparing the satellite images of the second and third national land surveys by the data center, before the construction of the golf course, the land attribute was "shrub land". According to preliminary statistics, only 18 fairways of Green Taosha Golf Course cover an area of 2,960 mu, and all the above-ground buildings are unapproved.

  Bai Ge, the captain of the Fourth Brigade of the Law Enforcement Detachment of Yuyang District Natural Resources Bureau, Yulin City, said that they had repeatedly stopped enforcing the law at the Green Taosha Golf Course, with a cumulative fine of more than 2 million yuan. The reporter learned from the staff of the golf course that the golf course has been punished many times, and will be closed for a few days after each fine, and then continue to operate. As we all know, golf projects need to consume a lot of water resources because of lawn maintenance. Yulin City is located in arid and semi-arid areas, which is a typical fragile ecological environment. Why can a golf course without any approval procedures be built in the national ban and repeatedly punished? How to solve the water consumption of golf courses in areas with serious water shortage? The reporter from the General Station is further visiting and investigating related issues.

  (Headquarters reporter Chen Wu, Liu Haitao, Xu Hui)

Wen Jiabao talks about the current financial crisis: confidence is more valuable than money and gold.


  On September 27th, 2008 Tianjin Summer Davos Forum "Annual Meeting of New Champions" opened, and Premier Wen Jiabao of China attended and delivered a speech. He said that it is necessary to develop various financial markets and promote the stable and healthy development of the capital market. China News Agency issued Zhang Yushe


  China news agency, Tianjin, September 27th (Reporter Weng Yang) Wen Jiabao, Prime Minister of the State Council, China, said here on the 27th that "confidence is more precious than money and gold" in the face of the current financial and even economic crisis in the world.


  Before the opening ceremony of Davos Forum this summer, Wen Jiabao, who had just returned from the United States, had a discussion with hundreds of global CEO representatives and answered their questions. During this period, warm applause kept ringing from the audience.


  In his speech at the forum, Wen Jiabao said that the most important thing to deal with the crisis is people’s confidence, especially the confidence of economists, entrepreneurs and business leaders.


  Faced with a question from the CEO of a French enterprise about what role China will play in coping with the crisis, Wen Jiabao believes that cooperation is the most important thing for all entrepreneurs in the world, and Qi Xin needs to work together to cope with the crisis. China will unswervingly maintain steady and rapid economic development without major ups and downs, maintain the stability of the financial system and the healthy operation of the capital market. "China’s greatest support is to do its own thing well!"


  When answering a question from a Hong Kong representative about how to treat "corporate ethics and corporate responsibility", Wen Jiabao said frankly: "Your question actually refers to the recent incident of tainted milk powder".


  Wen Jiabao said that the China municipal government was very saddened by this incident, which was caused by many reasons, and the government was responsible for supervision, such as the purchase, production and quality inspection of milk powder. Regarding the phenomenon that some enterprises are desperate for profit, Wen Jiabao said, "We must never take human life and health as the price of enterprise development and economic development."


  Wen Jiabao said that this incident will be seriously investigated and never let go, so that it will play a vigilant role throughout the country; Establish and improve the supervision and inspection system in all aspects; To establish enterprise ethics, professional ethics and social morality in the whole society, we must start with education, even from children’s education, but it may take a long time. He revealed that he will soon study how to make plans for dairy products and even the entire manufacturing industry.


  After the opening ceremony, when asked by Schwab, chairman of Davos Forum, Wen Jiabao further pointed out, "Please believe that we will quickly put forward a plan to revitalize the whole food industry in China, not only the food industry, but also the dairy industry, so as to make the whole China a product that is reassuring to China people and the people of the world.


  When answering a question from the representative of Deutsche Bank about whether China will assume a global leading role in the future, Wen Jiabao said, "Practically speaking, we can’t do it yet". On this issue, Wen Jiabao also expressed his personal views: if China people want to "lead" and catch up with and walk ahead of other countries, the key lies in people, their brains and intelligence, and they must be brave in innovation, including system innovation, scientific and technological innovation, enterprise innovation and product innovation. Without this, everything will not last.


  Regarding a Japanese representative’s question about "What proactive measures will China take to maintain stable and rapid economic development under the current economic situation", Wen Jiabao replied: "When you say proactive, you mean the orientation of our policies. I can sum it up in four words, that is, flexibility and prudence. At this time, we should pay close attention to the trend of world economic development and take flexible and prudent measures according to the situation in China. In fact, if you are careful, you can see that China is moving. "


  In answering Schwab’s question, Wen Jiabao especially thanked EU Trade Commissioner Mandelson. He said, "I saw Mr. Mandelson on Phoenix Satellite TV yesterday. He drank a glass of milk from China to show his trust in China products. I was very moved. Because he saw not only the present, but the future. After China discovered this problem, he didn’t cover it up. We faced it frankly and bravely solved it. This is the basis for solving the problem. I believe that I will never let the entrepreneurs here down, nor will I let China and the people of the world down. "


  When asked by Schwab, Wen Jiabao also said that 2008 was indeed an extraordinary year for China. It can be said that there were joys and sorrows, even without exaggeration, there were great joys and great sorrows. Wen Jiabao said, in the face of disasters, as a leader, the most important thing is to be brave, never flinch, and take decisive measures in time. He said: "In the face of disasters, our nation has indeed shown the spirit of self-improvement, independence and hard work. As I often say, what they lose from disasters will always get the compensation they deserve. "


  Regarding the current international financial turmoil and economic problems, Wen Jiabao said: "We must respond well and find a balance between economic growth, employment and inflation; We must overcome the problems of uncoordinated and unsustainable economy and make the economy develop in an orderly way; We must pay attention to energy conservation and environmental protection to cope with the pressure of population, resources and environment. "


  Wen Jiabao also said emotionally: "In recent years, I have always said silently,’ It is not difficult to know the difficulties without taking refuge in office’. As long as our policies are correct and appropriate and unite the people, I think we will be able to tide over the difficulties."

Editor: Li Xingcun