分类: dgftgh
Announcement of the State Council Customs Tariff Commission on Reducing Import Tariff of Consumer Goods for Daily Use
Announcement of the State Council Customs Tariff Commission on Reducing Import Tariff of Consumer Goods for Daily Use
Announcement No.4 [2018] of the Tax Commission
In order to further meet the people’s needs for a better life, promote structural reform on the supply side, and actively expand opening up, starting from July 1, 2018, the MFN tax rate for some imported consumer goods will be reduced, involving 1449 tax items. Due to the adjustment of MFN tariff rate, since July 1, 2018, the provisional MFN tariff rate of 210 imported goods has been cancelled, and the provisional MFN tariff rate of other goods will continue to be implemented. See the annex for specific tax items and tax rate adjustment.
It is hereby announced.
Attachment:
1. MFN tariff adjustment table for imported consumer goods
2. Temporary MFN tariff rate adjustment table for imported goods
The State Council Customs Tariff Commission
May 31, 2018
Funing, Jiangsu: Activating Red Resources to Help Rural Revitalization
Funing County, Yancheng City, Jiangsu Province is an old revolutionary base area in Yanfu, which is rich in red resources and has a strong influence on red culture. In recent years, Funing County has given full play to the important role of red resources in consolidating the achievements of poverty alleviation, promoting industrial development, helping rural revitalization and achieving common prosperity, and strived to promote the integrated development of "red agriculture, tourism and education". Red resources are constantly being transformed into the spiritual source and development kinetic energy to promote the rural revitalization strategy.
Integrating Red Resources and Displaying Local Characteristics
During the Anti-Japanese War, the Central China Bureau of the Central Committee of the Communist Party of China and the Military Department of the New Fourth Army were stationed in Funing for 17 months, making it the anti-Japanese command center in Central China. There are 79 red remains in the whole county, and 15 administrative villages are named after martyrs. Liu Shaoqi, Chen Yi and other proletarian revolutionaries of the older generation have left many glorious footprints in Tingyigang Village, chenji.
How to maximize the value of deep red genes? On the basis of protection, upgrading and upgrading, Funing County Party Committee and government deeply integrated red resources with red tourism, red education and rural sightseeing experience, built a party spirit education base, vigorously developed red research and training, red cultural creation and red rural construction, and embarked on a new path of promoting rural revitalization with red cultural tourism.
Since the 1980s, Funing County has continuously strengthened the protection of red resources, vigorously supported the protection and utilization of the former revolutionary sites and red memorial facilities, and specially set up a center for the protection and utilization of red remains, making overall planning and integration of the existing red remains in the county according to the principle of "one topic and four points", highlighting the theme of "Tiejun is in Funing", and expanding the site of the former military headquarters of the New Fourth Army in Chenji Tingchi Port, the site of the first expansion meeting of the Central China Bureau of Yangjiazhai Danjiagang Port, and the salt of Lupu New Fourth Army. Focusing on the core topic of "Party Building and Party Leadership", major events such as Huazhong Party School, Anti-Dawu Branch and Subei Cultural and Art Troupe will be concentrated. Reproduce the scenes of major military struggles such as the first anti-"mopping-up" struggle in Yanfu District, the blocking war in Shanjiagang and the annihilation war in Chenji; Collect and compile documents such as "Weiguo Gancheng" and "The Headquarters of the New Fourth Army is in Funing", and publish new era civilization practice books such as "Red Funing" and "The New Fourth Army is in Funing". Seventeen revolutionary sites in the county were selected as the first batch of revolutionary cultural relics in the province.
Integrating into industrial development to help enrich the people and strengthen the village
Funing County has made beneficial exploration in the development of industrial integration. By building a development system integrating industry, leisure, research, homestay and sightseeing experience, the village-level collective economy will be strengthened, villagers will be driven to get rich, and a new "red+"cross-border integration model will be opened. Village-level cooperatives implement "land transfer, business entities and project dividends", and the collective economy continues to grow. The income has increased from tens of thousands of yuan in the past to more than 500,000 yuan, and the per capita disposable income of villagers has exceeded 23,000 yuan.
In order to promote the integrated development of "Red Agriculture, Tourism and Education" and avoid homogenization and industrial simplification, Funing County innovatively promoted the red research mode of "Red education in the museum, military training in the camp, labor practice in the field, eating and lodging in the farmhouse", and each scenic spot was given different red content.
Create a boutique red tour route, with the No.2 tourist highway in the city as the main vein, connecting the red remains with colorful agricultural park, northern suburb ecological park, Jinsha Lake, Majiadang, Yukou ancient town, 6.23 tornado memorial hall and other natural and cultural scenic spots, focusing on creating a "one-day tour and two-day tour" boutique route of Funing Red Tour.
We will build a platform for the integration of red learning and teaching, highlight the main line of red education, take the study and education of party history as the starting point, and open red education classes in four major scenic spots, showing and explaining around different themes, carrying out red history education and inheriting red genes. Docking with provincial and municipal party schools and various cadre colleges, building education and teaching bases and expanding the influence of Funing red resources.
Be a special red tour experience base, embed various new agricultural business entities such as characteristic family farms into the red tour education route, and organically combine with the development and utilization of red resources. Through the reappearance of revolutionary scenes and the practical experience of farming, we can attract young people to accept the influence of red culture in the experience of farming. Promote the development of red agricultural products and cultural and creative products, launch "Funing Red Six Scenery" moon cakes and "Red Face Sculpture" with the theme of the New Fourth Army, and let agricultural products catch up with red IP, which not only promotes the spread of red culture, but also drives farmers to increase their income.
Accelerate the development of new formats of red tourism, fully mobilize the enthusiasm of enterprises, cooperatives, family farms and farmers through assistance and guidance, and promote the red tourism industry to extend to new formats of tourism consumption such as farmhouse music, agricultural and sideline products, red cultural and creative sales, folk customs and customs experience, etc. The county has cultivated 162 new formats of "red agricultural tourism education", with an average annual reception of more than 220,000 people.
Make a thick red background and drive the green ecology
Actively explore the village healthy development model of "promoting green with red, red and green go hand in hand". Highlight the red resource nodes such as the former site of the Third Division of the New Fourth Army, the former site of the Northern Jiangsu Cultural and Art Troupe, and the battle against bandits in Madang, and promote wetland restoration around green landscape, wetland protection, biodiversity and bird habitat; Implement the environmental improvement and upgrading project of villages along the Chuanchang River, excavate sites such as "Ancient Wharf" and Martyrs’ Village, carry cultural memories, and highlight the waterfront space with "red+ecology" characteristics.
After years of improvement of human settlements, ecological villages with red revolutionary historical genes not only reflect the dignified red cultural heritage, but also show the modern atmosphere of rural revitalization, further stimulating villagers’ environmental protection and ecological awareness. Cultivate the development of villages with red, promote the transformation of rural natural scenery and the utilization of natural resources, and carry out the construction of ecological civilization throughout the development of red resources, giving full play to the social benefits of red genes while giving consideration to economic and ecological benefits; It not only breeds the big blue crab in Majia, but also grows the red apple in Taohuayuan. Let the old objects of old wells, old bridges, old buildings of old villages, faintly visible ancient buildings of Ming and Qing Dynasties, and blue bricks and tiles precipitate the revolutionary years in Nostalgia Funing, Bamboo Sea Guang Xiao and Drilling the Sky and Ancient Elms, and tell the old story of Funing.
Expanding Red Inheritance and Enriching Rural Culture
Rich red cultures such as the New Fourth Army Cultural Village, Huhai Art Society, Subei Art Troupe and Xin ‘an Tour Group nourish Funing. Funing county attaches great importance to the inheritance and development of red cultural resources in the process of promoting the rural revitalization strategy. Innovate the means and platform of red culture communication, launch cultural products that are modern, experiential, immersive and interactive, and enhance the artistic expression and value implantation of traditional red culture.
This summer, during the practice in Funing, Tsinghua University Rural Revitalization Workstation took the process of Funing people’s fighting against the "6.23" catastrophic tornado as the real scene, and created a red script "Breaking Dawn over the Storm" with Funing spirit. Through the script killing, a "immersive" party history learning and education platform was built, and a dialogue between contemporary youth and red ancestors and typical model figures was realized across time and space.
The series of activities of "learning the history of the Party, following the Party, and making the circle of friends red" carefully created two columns of "Good Morning Funing" and "Reading Funing at night", forming a red propaganda position for learning and educating the history of the Party. The documentary "Battle of Funing" was broadcast on four sets of "National Memory" columns of CCTV; The performance of the Spring Festival culture benefiting the people was reported by CCTV’s Evening News column. The non-genetic exhibition on the theme of "dough sculpture" of the New Fourth Army was reported by CCTV’s News Network and News Live Room. The excavation and expansion of red culture further enriched the connotation of rural culture and effectively promoted the healthy development of rural culture.
Carry forward the red spirit and stick to the initial mission
Over the years, Funing County has always regarded the red mark of the county as the most precious spiritual wealth, strengthened the fortress position with red culture, relied on local red resources, grasped the study and education of fine party history, and further strengthened the ideological consciousness, political consciousness and action consciousness of party member cadres actively participating in rural revitalization. Through the subtle influence of red culture, we will strengthen the red power of rural governance.
Integrate red culture into grassroots party building and set up a red university hall for village (community) cadres. Guide grassroots party member cadres to personally feel the spiritual strength of the martyrs who are fearless, hard-working, courageous and loyal, strengthen the "four consciousnesses", strengthen the "four self-confidences" and achieve the "two maintenance".
Approaching 79 red remains and 15 villages, roads, bridges and schools named after martyrs, we will recall the red history, inherit the original mission, deeply explore the internal coupling relationship between red culture and village rules and regulations, family style and family training in value concept, value orientation and value goal, enhance people’s cognition, recognition and recognition of red culture, and consciously integrate red culture into the practice of rural revitalization, and constantly write a new chapter in rural revitalization in the county.
Check yourself quickly | These smart household items that turn into "little spies" in minutes are spying on your privacy!
The home camera rotates "autonomously"
Smart TV "automatically" turned on
When I woke up, I didn’t know when the light was on.
Intelligent sweeping robot works under your nose.
The "invisible guest" is watching you quietly through the sensor camera built in the robot.
… …
Recently, a brand of intelligent sweeping robot in South Korea has been exposed to security loopholes, and hackers can remotely control it to move freely in users’ homes and spy on personal privacy. While smart home appliances bring us a more comfortable life experience, their safety has always been worrying.
The risk of smart home appliances or "spy" information being leaked.
In a set of experiments, engineers demonstrated "cracking" home cameras and smart door locks. After a series of operations on the computer, the camera was successfully hacked, and the pictures taken by it were sent back to the engineer’s computer in real time. The system shows that the video storage capacity is gradually increasing.
△ data map
In another experiment, engineers use the NFC function of mobile phone (communication technology that can realize interconnection without contact), swipe the door card with a preset mobile phone, and the matching information will be stored in the mobile phone, and then swipe the phone at the door lock to open it.
According to relevant technicians, if there are security risks, different smart home appliances may become different types of "small spies":
"Eyes and ears" spy
Home cameras, smart gateways, sweeping robots with cameras, smart TVs, game consoles and other devices are easy to become "eyes and ears" spies, and it is easy to reveal the privacy pictures of users’ homes after being remotely invaded, and may also cause information such as bank card passwords and social software accounts to be leaked;
"attack class" spy
Smart rice cookers and microwave ovens with certain functions may become "attack" spies, which may cause destructive accidents such as fires after being remotely controlled;
"Coordination" spy
However, the increasingly popular security devices such as smart door locks may become "coping" spies, and "open the door" for criminals who commit crimes at home.
Post Bar, Group Selling and Cracking Smart Home Appliances Tutorial
In September this year, a survey found that in online social spaces such as Baidu Post Bar and Tencent QQ Group, there are many post bars and groups that resell the cracked account passwords of smart home devices, and even some post bars openly sell and crack tutorials about smart home devices.
In a QQ group called "Home Camera", owners and administrators post pictures taken by cracked home cameras from time to time. In order to avoid the detection of law enforcement agencies, its members use the "flash photo" function to show the user’s private picture, which must be viewed by using mobile QQ, and can not be captured during viewing, and will be automatically destroyed after viewing.
Crack, collect and sell … "Black Industry" through train
Because of the low difficulty in cracking smart home devices, high user usage rate and concentrated privacy information, it has gradually become an "industry" to "hack" smart home devices and steal personal privacy. Judging from the relevant cases that have been detected, cracking, collecting and peddling this series of illegal acts are often completed by one person. After the sales information is released through QQ group, Baidu Post Bar and other channels, buyers from all over the world will take the initiative to contact them, and the cost of time and money is extremely low.
Knock on the blackboard! Carefully choose smart home equipment.
Network security experts remind users that when purchasing smart home equipment, they should choose formal products produced by big brands and manufacturers as much as possible. For devices that can collect privacy information such as user’s pictures and sounds, such as home cameras, when users are at home, they can turn off the power supply and turn it on again after leaving home to avoid the disclosure of privacy information.
In addition, regarding how to prevent home cameras from being invaded, the police suggest:
① Don’t use the original preset and simplistic user name and password, and change them regularly;
2 The camera should not be facing the privacy areas such as bedrooms and bathrooms;
③ Always check whether the camera angle has changed;
④ Develop the good habit of killing viruses regularly.
▌Source: CCTV News, Xinhua News Agency
Sales of Beijing Benz in November 2024
One-week inventory | Xiaomi Group Hong Kong stocks rose 6.18% last week
[trend of individual stocks]
April 8-April 12
Last week, the Hang Seng Index fell by 0.01% and the Hang Seng Technology Index rose by 0.68%.
Xiaomi Group -W Hong Kong stocks rose 6.18% last week.Last week, the total turnover was HK$ 11.163 billion. As of last week’s close, the stock price of Hong Kong stocks was HK$ 16.50 and the market value was HK$ 411.688 billion. Hong Kong stocks rose 10.44% this month, 5.77% this year and 35.02% in the last 52 weeks.
[Stock repurchase]
Xiaomi Group -W bought back 3 million shares in Hong Kong stocks last week.
[Company comparison]
[Related News]
Xiaomi SU7 will be switched on for 24 hours.
Lei Jun released Weibo, saying that from 9: 00 am on April 19th, 24-hour time-limited refitting will be started. Non-original version of the locked single user can be modified in Xiaomi Auto APP.
Lei Jun: Nearly 30% of Xiaomi SU7 buyers are women.
On April 12th, Lei Jun, founder, chairman and CEO of Xiaomi, shared a speech video on his official Tik Tok account. Lei Jun said in the video that nearly 30% of Xiaomi SU7 buyers are women. Moreover, in the order, many people bought it for his wife, girlfriend or his sister, so it is expected that the female owner of this car will reach 40% or even 50%. (Interface)
In fact, the number of new orders in the single-day store of Xiaomi Automobile Delivery Center is about 10% to 15%
Recently, I visited a number of Xiaomi auto stores in Beijing and learned that the number of new orders in a single-day store is about 10% to 15%. Sales staff said that the relevant data is dynamically updated in real time every day, and the above estimated proportion does not include users who go to the store to test drive the lock order a few days later. (Interface)
(): provide intermediate shaft products for Xiaomi automobile.
According to the Securities Times, Zhejiang Shibao said at the performance briefing on April 11th that in terms of new forces, the company has now entered the supporting system of Weilai, Ideality, Zero Run and Tucki, and its business is progressing in an orderly manner. In addition, the company is a supplier of Xiaomi Automobile, and currently mainly provides intermediate shaft products for it.
Wuhan University offers a Lei Jun class, which can be 100% qualified for research.
According to the official news of Wuhan University on April 11th, the school has set up a new Lei Jun class in the School of Computer Science since 2024, and plans to recruit 30 students. Students in Lei Jun class will adopt a more flexible training mode, and this master’s blog will be customized independently, which can be 100% qualified for research and development, and this blog will last for 6-8 years. Students in Lei Jun class will enjoy richer educational resources: giving priority to internships in head enterprises; Special funds support 100% participation in overseas study, study tour and international and domestic academic conferences; In addition to the scholarships at the corresponding stages of schools and colleges, Lei Jun special scholarships help students grow. Wuhan University said that the school will equip Lei Jun class with the best teachers and implement small class teaching. After entering the school, students can choose academic tutors from the college’s preferred tutor library in combination with their own development plans.
Redmi Turbo3 mobile phone starts at 1999 yuan.
According to the official blog of Xiaomi Company, on the evening of April 10th, Redmi Turbo3 was officially released, with the price starting from 1999 yuan. The pre-sale has been started and it will be on sale at 10: 00 on April 15th.
The owner said that the operation screen of the new Xiaomi car could not close the trunk, and the customer service response would be handled by feedback.
The owner of Xiaomi in Xiangyang, Hubei Province sent a video saying that his new Xiaomi car operation screen could not be closed in the trunk. The owner said that it was a software problem after the sale. The customer service response of Xiaomi Automobile will feed back the situation to the relevant departments for handling. (澎湃)
Xiaomi Auto: The non-founding version of Xiaomi SU7 is expected to start delivery in late April.
Xiaomi Auto Weibo issued a document saying that the current order volume greatly exceeds the pre-listing expectations. Therefore, during this time, we have been communicating with our supply chain partners to increase production capacity. This morning, we held a supply chain production promotion meeting of Xiaomi SU7, and dozens of supply chain partner enterprises attended the meeting. We made a new capacity improvement plan with each partner enterprise, and will calculate the expected delivery cycle according to the new capacity plan. The non-original version of Xiaomi SU7/ Xiaomi SU7 Max is expected to be delivered in advance, and will be delivered in late April, while Xiaomi SU7 Pro will be delivered in late May.
Cui Dongshu: The product concept and marketing promotion of Xiaomi Automobile are worth learning by autobots.
According to The Paper, looking forward to the car market in April, the analysis of the Federation of Riders thinks that with the recent listing of Xiaomi car and the further adjustment of the price of a new round of related models, and April is the intensive release period of new models, the consumption enthusiasm of the market will be gradually stimulated. The upcoming Beijing Auto Show, combined with the implementation of local policies to promote consumption, will surely become a catalyst and trigger point to promote domestic automobile consumption. Recently, the popularity of Xiaomi automobile has continued. Cui Dongshu commented on Xiaomi Automobile that Xiaomi SU7 is worth learning from autobots in many aspects, both in product concept and marketing promotion. He also called Xiaomi Automobile "well built, well sold and well spoken".
Huawei HarmonyOS Zhixing: Congratulations to General Manager Lei for leading Xiaomi Automobile to achieve the hot sale of SU7 and a successful start.
This afternoon, Lei Jun, founder, chairman and CEO of Xiaomi, today forwarded the official microblog of Huawei’s terminal official micro "HarmonyOS Ecological Spring Communication Meeting", and wrote: "The next decade will be an intelligent decade, and the new energy vehicle industry in China will move forward together. I wish Zhijie S7 a big sale! " When the time came to the evening, HarmonyOS Zhixing Guanwei forwarded the "congratulatory message" sent by Lei Jun and replied: "Congratulations to Mr. Lei for leading the Xiaomi automobile team to realize the hot sale of SU7, which was a successful start! Future journey, work together! "
Lei Jun: I wish Zhijie S7 a big sale.
Lei Jun issued a document saying that the next decade will be a decade of intelligence, and the new energy vehicle industry in China will move forward together. I wish Zhijie S7 a big sale.
Zhiji Automobile once again apologizes: it has no intention to challenge Xiaomi’s sky-splashing traffic.
Zhiji Automobile issued another document saying that during the launch of Zhiji L6 on April 8, there was a mistake in marking the parameters of Xiaomi SU7, and we sincerely apologize again. Here, we still want to explain sincerely that Zhiji Automobile has no intention of deliberately discrediting in this incident. We want to emphasize once again that we really have no intention of deliberately discrediting subjectively, and we have no intention and are even less able to challenge the sky-pouring traffic of Xiaomi Automobile.
Zhiji Automobile apologizes: both the front and rear motors of Xiaomi SU7 Max are made of SIC silicon carbide modules, and the press conference is wrongly marked.
Zhiji Automobile issued a letter of apology, saying that during the just-concluded "Beyond All Expectations" Zhiji L6 super smart car conference, during the introduction of Xiaomi SU7 product strength, which was hotly debated in recent years, a key parameter was incorrectly marked due to the omission of team content review. The clarification is as follows: both the front and rear motors of Xiaomi SU7 Max version adopt SIC silicon carbide modules, which are consistent with the technology adopted by Zhiji L6 and are the top technical standards in the industry. Xiaomi Auto and its product SU7 are our respected competitors! We apologize for the negative impact on Xiaomi Automobile due to the omissions in the internal audit, and sincerely apologize to all fans and users!
Huatai Securities: Pay attention to the investment opportunities of Xiaomi automobile industry chain such as lidar, domain controller and chassis.
Huatai Securities Research Report said that Xiaomi released SU7 on March 28th, and then orders rose rapidly. On April 3, Lei Jun disclosed that the order exceeded 100,000, of which the number of locked orders (non-refundable deposit) exceeded 40,000. If the delivery is successful, we expect that the sales of SU in July will reach the current Tesla Model 3 level (15k/ month) by the end of this year. On the premise that the sales volume is 100,000 units in 24 years, through the preliminary analysis of the industrial chain covered by the organization, it is suggested to pay attention to the investment opportunities of related parts companies, such as the high proportion of Xiaomi automobile revenue in the overall revenue and the high cost of bicycle BOM in 24 years.
The sales of Xiaomi SU7 are hot, and the price of auto insurance in the first year is between 6,000 yuan and 8,000 yuan.
With the explosion of Xiaomi automobile, its auto insurance price has also attracted widespread attention in the market. The reporter recently visited Beijing Xiaomi Automobile Huaxi LIVE City Exhibition Hall and interviewed sales staff and consumers. According to the sales staff of Xiaomi Automobile Exhibition Hall, the first-year price of Xiaomi automobile auto insurance is between 6,000 yuan and 8,000 yuan. Consumers have different opinions on the new car insurance price of Xiaomi SU7. Judging from the overall market of new energy auto insurance, the current situation of "car owners calling for expensive and insurance companies calling for losses" still needs to be improved. (Securities Daily)
(): Provide waterproof products and corresponding system services for the construction of Xiaomi Automobile Beijing Yizhuang Factory.
Oriental Yuhong said on the interactive platform on April 8 that the company, as a service provider of building materials system, provided waterproof products and corresponding system services for the construction of Xiaomi Automobile Beijing Yizhuang Factory.
This article comes from the theme of Hong Kong-US Datalink. Click to read more about Hong Kong-US companies > > >
My People,My Country’s eve special Bo Huang ignored the danger of high-altitude welding
1905 movie network news Tracing back to the eve of history, don’t forget the way when you came! Recently, the National Day gift film released a special edition of "Eve", one of the seven stories, revealing the story behind the shooting.
视频中,导演管虎直言不讳,在创作中遇到的最大问题就是,如何能尽量精细的还原三四十年代北平城的真实场景,要“完成的是那个年代的东西”。管虎在拍摄中多次强调“要抓细节”“细节决定一切”,并指出“不能躲,要迎头而上”。
饰演天安门广场旗杆设计安装者林治远的黄渤也表示,《前夜》通过描绘一个小人物、一个看似不大的事情,实际上折射出的是,那个年代每个小人物对于祖国的大热爱,和对伟大祖国的建立抱有深切深厚的情感。
视频中,能看到黄渤亲自攀爬旗杆进行电焊的高风险动作,而人物原型林治远也是克服了恐高障碍,爬上20多米高的广场旗杆,解决了技术问题。王千源、欧豪等人也纷纷亮相,其人物角色都有原型可考。立国大事的背后是千千万万个小人物的热情和奉献。
《前夜》讲述了1949年10月1日开国大典前夜,天安门广场旗杆设计安装者林治远(黄渤饰)等人争分夺秒克服重重困难,保障开国大典上我国第一面五星红旗顺利升起的故事。
该故事由管虎执导,黄渤、王千源、欧豪、辛柏青、耿乐、姜武、梁静、佟大为、魏晨、胡军、王天辰等主演,影片9月30日上映。
Mate XT cattle has been hyped by nearly 100,000.
Author | Cao Shuangtao
Editor | Yang Bocheng
Title map | Wen Xin yi ge
"Huawei’s most leading, innovative and subversive products are coming! This is an epoch-making product that others think of but can’t do. After five years of persistence and investment, we have turned science fiction into reality. " Yu Chengdong refers to this product or Huawei’s upcoming release of the world’s first three-fold screen mass-produced mobile phone-Mate XT Extraordinary Master.

Source: Weibo, Yu Chengdong
According to the official warm-up video, the back panel design of Mate XT extraordinary master mobile phone is close to that of Mate 60 RS extraordinary master. The whole module is black, surrounded by a metallic decorative frame, and a polygonal camera module is placed behind it. The back shell of the fuselage is made of plain leather, and a vertical metallic "HUAWEI ULTIMATE DESIGN" logo can be seen below the camera module.

Source: Huawei official
The mass production of the extraordinary masters of Mate XT has triggered domestic mobile phone manufacturers to follow suit. Known as the "King of Africa", Chuanyin is the first Huawei to release PHANTOM ULTIMATE 2, a three-fold screen mobile phone, but this model is still a prototype. There is no public statement about when to realize global mass production.
Zhao Ming, CEO of Glory, also pointed out that Glory has a layout in technologies such as 30% discount and scroll. Although the technology is ready, the specific release time depends on the market reaction. From the supply chain, Xiaomi is developing a 30% discount mobile phone, which is expected to appear in the form of a physical model or prototype at the Mobile World Congress in February 2025.
Different from the development of large folding screen and small folding screen to multi-folding screen in China, Samsung is developing a rollable mobile phone. Korean media Business Post reported that Samsung recently applied for a patent for a rollable display for smart devices.
According to foreign media Patently Apple, Samsung applied for the patent of electronic device with rollable display in Europe, with the patent number of 20240281093. The rollable display can be simply understood as a common "rolling gate" in life. Some screens are rolled inward for storage, and larger screens are pulled out when necessary.
Compared with folding screen displays, rollable displays need higher-end technical support. Overseas media predict that commercial rollable mobile phones may not appear until after 2027 due to the high technical difficulty of rollable phones.
And considering that Samsung Galaxy Z Fold has spent 11 years from development to listing, it means that Samsung’s rollable mobile phone may have a longer time to market.
Although compared with the rollable mobile phone, the technical difficulty of the three-fold screen mobile phone is reduced and the commercialization may be higher. However, due to the disadvantages of price, after-sales price, durability, versatility, and scenes, it is still open to question whether the three-fold screen mobile phone can achieve substantial growth in the short term.
Since June 2018, Rouyu Technology has taken the lead in Huawei and Samsung, taking the lead in releasing the world’s first foldable flexible screen mobile phone FlexPai. In the following years, in addition to Apple, major mobile phone manufacturers have released related folding screen models, and the shipments of larger screen, lighter and thinner folding screen mobile phones have been increasing.

Source: Based on public information collation
Counterpoint data shows that in 2024, Q2 global folding screen mobile phone shipments increased by 48% year-on-year, and Latin America’s growth rate reached 450% due to its relatively low base. Glory Magic V2 replaced Samsung to win the title of folding screen mobile phone in Western Europe in this quarter, relying on a thinner body.
Under the high growth, it is still difficult to hide several realities of the folding screen mobile phone market: First, the problem of folding screen hinge crease still exists. On the JD.COM platform, many manufacturers’ folding screen mobile phones have bad reviews related to hinges; Second, the high maintenance cost, Huawei Pocket2 to replace the new screen price of about 3000 yuan. If the original old parts can be recovered for free, the cost will be more than 2000 yuan, which is enough for consumers to buy brand-new machines.

Source: JD.COM
Third, the development path of consumer electronic products is probably as follows: manufacturers’ shipments increase → dilute manufacturers’ R&D costs and after-sales costs and supply chain manufacturers’ costs → lower prices to drive shipments increase → continue to dilute costs, and the yield rate continues to increase → continue to drive sales. The traditional large bar mobile phone has grown up according to this path.
If the folding screen mobile phone wants to realize this path, it still faces a lot of resistance. Huang Tao, vice president of vivo products, said that overcoming various technical problems requires manufacturers and suppliers to constantly promote ripening. Under the current situation that the total amount is not large enough, the overall difficulty of promoting things is relatively large.
Based on this, it is difficult for high-priced folding screens to enter the mainstream mass market and remain a niche market in the short term.
Trend Force Jibang Consulting data shows that in 2023, the global shipment of folding screen mobile phones was 15.9 million, accounting for about 1.4% of the total smartphone market. It will grow to 17.7 million in 2024, but the proportion will only increase by 1.5%.
If the above problems are put on a three-fold screen mobile phone, the problems may be more prominent. On the one hand, in order to ensure the user experience, the three-folding screen mobile phone pursues thinness more than the big folding screen and the small folding screen.
For example, when the prototype of a three-fold mobile phone is folded, the thickness of the whole machine is 11mm, which is almost close to the thickness limit of a three-fold screen mobile phone in terms of the thickness of Samsung Galaxy Z Fold 6, Huawei Mate X5 and Glory Magic V3.
In order to achieve thinness and thinness, three folding screens need to use flexible OLED screens and hinges with longer life at the same time, and demand higher yield, cost and income of supply chain manufacturers.
It is reported that Phantom Ultimate 2 prototype can be folded zigzag through two sets of hinges. Officials say that its rotating shaft can withstand up to 300,000 folds and has a high strength of 2100MPa. Huawei’s 30% mobile phone consists of a double hinge structure folded inside and outside, which requires high flexibility, durability and hinge strength of the display.
At present, the core problem of hinges is the low yield. According to the relevant research report of Shanxi Securities, the median yield of hinges in the industry is about 50%-60%, which is the biggest threshold for the assembly of folding screen panels. It is bound to be more difficult to use the three-fold mobile phone panel with double hinge structure.
In addition to the hinge problem, the chip is also a big problem. These two problems or the supply chain still have shortcomings.
Citic Construction’s related research report mentioned that the triple-folding model is a brand-new folding form, which still poses great challenges to the supply chain. If the supply chain delivery capacity cannot meet the demand, the shipment of Huawei’s triple-folding model may be less than expected.
The yield of the upstream supply chain is low and the technology is immature. Huawei needs to ensure the normal profits of dealers. The supply chain estimates that the price of Huawei’s three-fold screen may be as high as 20,000 yuan.
If you refer to the screen maintenance cost of Pocket2, the maintenance cost of the three-fold screen will only be higher. In other words, the purchase cost is superimposed on the possible maintenance cost, and the use cost of Mate XT extraordinary master is at least 20,000 yuan.
However, whether it was the hot sale of Mate60 in the market last year, the out-of-stock caused dealers and scalpers to eat, or the sales volume of Nova Flip exceeded 45,000 units in 72 hours, which increased by 85% year-on-year.
Whether the shipment of Mate X5 series is more than 4.5 times higher than that of X3, or the upcoming Mate XT Extraordinary Master takes the world’s first mass-produced three-fold screen mobile phone as a selling point, scalpers are speculating the Mate XT Extraordinary Master at a sky-high price.
On salted fish, the price of Mate XT has reached 50,000-60,000, and the price given by some sellers is as high as 100,000, and the premium rate is close to 5 times.

?Source: Xianyu APP
The extraordinary master of Mate XT, who is positioned in the ultra-high-end business market, is responsible for Huawei’s impact on the higher end. On the one hand, Huawei’s existing production capacity cannot achieve large-scale global supply, and more high-end products need to be launched to continuously improve revenue and profits; On the other hand, some dealers revealed that Huawei’s TOC business has changed from selling goods to operating customers, which means that Huawei wants to get rid of the shackles of the original stores and change from sitting in a business to a merchant. It also means that Huawei’s integrated business is also fully adjusted to high-end.
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It is undeniable that the global mass production of Huawei MateXT three-fold screen mobile phone shows the comprehensive technical strength of Huawei and supply chain manufacturers.
According to market rumors, the panel supplier of Huawei’s three folding screens is BOE. As early as 2022, BOE has announced the successful development of F-OLED flexible N-shaped folding display technology, which can realize internal and external folding simultaneously. The water-drop folding life of inward folding R3 is 200,000 times, and that of outward folding R5 is 100,000 times.
If BOE officially supplies Huawei, the expected service life will be further improved, which means that the comprehensive technical strength of domestic panel manufacturers may be able to compete with SDC, the originator of folding screen panels.
It is still open to question whether the extraordinary master MateXT can provoke Huawei’s high-end tasks. In addition to the supply chain problem, Li Nan, president of Meizu, publicly criticized Huawei’s three-fold screen for being 10mm thick, which was not practical. And the design and technology began to pay attention to X grid instead of talking about cost performance. This is a very small number of middle-aged men who are not poor in money and have serious and advanced fun. The implication is that there are too few consumers who are willing to pay for Huawei’s Mate XT of more than 20,000 yuan.

Source: Weibo
In addition, it is urgent to answer several key questions to the market after the three-folding-screen mobile phone is really listed in a large area, which is expected to drive the manufacturers to increase their shipments and the relevant supply chain manufacturers to benefit. That is: compared with the existing consumer electronics, what is the core advantage of triple folding? Or what kind of differentiated experience can a three-fold mobile phone with a price of more than 20,000 yuan bring to consumers?
Manufacturers focus on two forms of triple-fold exposure. First, it is unfolded from the triple-fold used by Yu Chengdong in the engine room and is close to the size of a tablet computer. The message list is displayed on the left side of the screen, and other split-screen browsing contents seem to be displayed on the middle and right side of the screen. After the real launch, there may be a new design and planning in the split-screen operation, and the use scenarios of the overall equipment are expected to be more than the existing folding screen equipment.
The other is the "tent mode" under the expansion of Phantom Ultimate 2, where users can operate different pages by touching the pen. Although the overall operation is similar to that of a tablet computer, the other screen is idle.

Source: Voice official
Zhang Nan (pseudonym), a consumer from Fuyang, Anhui Province, told DoNews that he personally thought that the three-fold screen was a little tasteless, and compared with the traditional straight mobile phone, it had no advantages in maintenance cost, portability and price. Compared with tablet, the game screen is not as big as tablet, and the whole operation experience is not as good as tablet.
Compared with a business office computer, it is more expensive for me and my colleagues to get used to Apple or Microsoft’s operating system than a high-profile business office computer. Compared with the big folding screen, I don’t need it for my daily business and business socialization. If you simply meet the entertainment needs and pursue a big screen experience, why not buy a large-size TV or projector directly?
The same feeling as Zhang Nan is also Hu Yang (a pseudonym) who sells a mobile phone in Zhoukou, Henan Province. Hu Yang said that many customers he comes into contact with every day pay more attention to the configuration of mobile phones and the problem of jamming, and pay limited attention to the screen. And the core functions of consumers using mobile phones are games, payment, short videos and social interaction, and some consumers will make adjustments according to their occupation and personal habits. At present, the function of smart phones is not insufficient, but a serious surplus.
As Hu Yang said, since 2024, in addition to Apple, major mobile phone manufacturers have launched AI mobile phones. And in order to meet the needs of policy supervision, domestic mobile phones seek cooperation from overseas big models, and overseas mobile phone manufacturers seek cooperation from domestic big model manufacturers.
However, Canalys reports that consumers who pay attention to AI mobile phones can be divided into four categories: technology enthusiasts, value-maximizers, pragmatists and skeptics.
Among them, pragmatists account for the largest proportion of 67.9%. At present, the real AI mobile phone buyers on the market are technology enthusiasts. It is estimated that the market will wait until 2025 or 2026, and those who pursue value maximization and pragmatists will pay for AI mobile phones, and the relevant supply chains will also target this group in advance.
Based on this, AI mobile phones currently have limited contribution to manufacturers’ shipments. According to Canalys data, global smartphone shipments in Q2 in 2024 only increased by 5% year-on-year, and most of them were contributed by markets in Eastern Europe, Southeast Asia and Latin America. If manufacturers continue to lower the price of AI mobile phones in order to hedge the research and development costs of AI big models, this means that it is difficult for three-fold screen mobile phones to sell AI.
In addition, with the consumer market paying more and more attention to the comprehensive cost performance, it is also difficult for the extraordinary masters of Mate XT to replicate the sales myths of Mate60, Nova Flip and Mate X5. Although the shortage of Mate60 provided the basis for the hot sales in the early stage of Pura 70, on the day of Pura 70 sales, the real-time search popularity of Meituan flash purchase directly increased by over 3600%. Cattle is a premium of 2000 yuan, and some popular colors are not available from stock.
However, if Pura 70 is put into a mobile phone with the same price, its overall cost-effective advantage is slightly insufficient compared with competing products. Based on this, the popularity of Pura 70 did not last long. Since July, its price has been reduced several times. With the increasing number of three-fold screen mobile phones sold by manufacturers in the future, what are the differentiated selling points that can be recognized by consumers? This is worth pondering by all manufacturers.

At present, mobile phone manufacturers are constantly rolling up big folds, small folds and triple folds, but traditional straight mobile phones still face many practical challenges if they want to grow more.
First, the problem of battery life. Zhang Wei (a pseudonym), a freight driver who has been engaged for many years, told us that the navigation function needs to be turned on during the whole process of the truck driver’s sports car, which requires high battery life of the mobile phone. In recent years, although many manufacturers of flagship machine have been purchased, the overall endurance is not good. After three or four hours of navigation, the power will soon drop from 80% to 20%. To make matters worse, in the hot summer, smartphones are not only slow, but sometimes they can’t be charged. Not only Android, but also the difficulty of low-temperature apples in winter has been criticized by many Apple users.
The second is the stuck problem of traditional straight board machine. According to the data of China Information and Communication Research Institute, in July this year, Apple’s market share in China has fallen to single-digit level, and the comprehensive proportion of Android mobile phone manufacturers has reached 90%.
However, Rong Qiang (a pseudonym), a salesman from an Apple store in Fuyang, Anhui Province, told us that many of the customers they come into daily contact with are because the Apple operating system is smoother than Android phones and is not stuck. Many old Apple users are not used to the Android operating system, or after using Android phones for a period of time, they continue to buy Apple. Even old Apple users who are highly concerned about cost performance will ask if there is an Apple II mobile phone in the store.
As Rong Qiang said, whether the black cat complaint involves the stuck Android phone, or the bad reviews of many manufacturers on the JD.COM platform can always see the stuck problem, or the second Apple phone accounts for a relatively large proportion, all of which explain the stuck problem or the problems that need to be solved and optimized constantly at present.

Source: Black Cat Complaint

Source: Black Cat Complaint
The third is the price issue that consumers are quite concerned about. With the increasingly fierce price war between JD.COM and Tmall, it is continuously impacting the price system of mobile phone manufacturers. Take this year’s 618 as an example. Starting from 0: 00 on May 20th, JD.COM successively removed the popular products of Redmi Turbo3 and K series for nearly five hours. In addition, several categories of mobile phone brands, such as OPPO, vivo, iQOO, Yijia and Glory, were also dropped by JD.COM.
The cause of the incident is that JD.COM and Tmall adopted the same price strategy. However, in order to expand the market share of 3C, Tmall added 100 yuan to the 88VIP discount on the basis of the original discount. JD.COM is a price-chasing Tmall, and under the business keys emphasized by Liu Qiangdong, such as improving efficiency, reducing costs and increasing efficiency, and focusing on pragmatism, mobile phone manufacturers are required to bear the subsidy price. Under the game between the two sides, the manufacturer’s model will be temporarily removed.
However, consumers will not pay attention to the tripartite game between JD.COM, Tmall and the brand, and the price reduction will still cause a lot of consumers’ dissatisfaction with backstab. On the black cat complaint platform, there are more than 4,000 complaints about the price reduction of mobile phones, covering multiple mobile phone brands. In other words, how to achieve a balance among channels, profits and consumer interests protection is one of the problems faced by brands.

?Source: Black Cat Complaint
Not only in the domestic market, India is regarded as one of the important growth markets overseas. Although the high temperature and rising prices have caused the demand in the Indian mobile phone market to stagnate, Counterpoint data shows that in the first half of 2024, India’s mobile phone shipments increased by 7.2% year-on-year to 69 million.
Although the average selling price has risen, consumer demand has continued to stagnate, but from January to June 2024, India’s smartphone shipments still reached an annual growth rate. Small-scale long-tail brands such as iQOO, Motorola, Nothing, and Poco, an independent brand of Xiaomi, have become the main kinetic energy to push up India’s annual growth rate for four consecutive quarters.
But whether India violated some visa regulations with Vivo and claimed to steal $13 billion from India. Either India has previously frozen Xiaomi’s assets of more than 600 million US dollars, or the Indian government’s procurement of GPU only allows domestic registered operators to bid, all of which indicate that domestic mobile phone manufacturers still need to break through many obstacles if they want to truly survive, gain a foothold and achieve greater growth in India.
There is nothing wrong with manufacturers’ rolling technology, and the process of rolling each other can also lower product prices and enhance domestic technical strength. However, if manufacturers want to rely on the three-fold screen to drive the sales explosion, there may be many problems to be solved.
Invested 11.5 billion yuan, and found a good "dad"
The global automobile pattern is undergoing amazing changes!
In the past, China sold its market, land and capital in exchange for foreign car companies to set up joint ventures in China, commonly known as "market for technology". This strategy is undoubtedly a failure. The market did not get technology, but the joint venture brand monopolized the automobile market in China. It was not until the outbreak of new energy technology that domestic automobile enterprises crossed the patent wall built by traditional fuel vehicles and reshaped the global automobile industry pattern. Ironically, among the state-owned factories, Chery Automobile, which is the least dependent on the joint venture brand, broke through the traditional fuel car track through self-research of technology.
Nowadays, China Auto is no longer the big fool who "trades market for technology", but a brand-new showstopper which "trades technology for market".
Stratis Group, the fifth largest car company in the world, spent 1.5 billion euros to buy 20% equity of Zero Run Car, equivalent to 11.5 billion yuan, and became the largest shareholder of Zero Run Car. Zero-run car has also changed from a pure French car company to a Sino-French joint venture car company. Many people saw this news, and their heads were hot: "Is this Stratis stupid?" Spending so much money to buy a 20% stake in Zero Run! Is there any core technology for zero running worth buying at such a high price? "
In the domestic new energy automobile market, the zero-run automobile is not particularly prominent, and it has been in the same camp as Nezha automobile for a long time, which can not beat the traditional big car enterprises, nor can it compete with Wei Xiaoli in the new forces. The monthly sales of zero-running cars are around 16,000. It is difficult to break through 20,000, but it will basically not fall below 10,000. It belongs to its own niche.
Compared with Nezha Auto, Zero Run Auto has realized the listing of Hong Kong stocks, and the funds are relatively abundant. From the perspective of China people, the zero-run car is just a well-behaved electric vehicle enterprise, which is worse than the previous one. It won’t go bankrupt like Weimar, but it won’t kill the quartet like BYD. It is in the tide of new energy entrepreneurship in China, watching countless peers fall down one by one, and still live to this day. Only this, Zero Run has already won over 90% of the new force automobile companies in China.
I can’t help it, the domestic new energy is too big, and it is already quite excellent to live to the present. Technically, zero running is not bad, and it can also be called "quite satisfactory". From the beginning, it insisted on global self-research, with 1,231 patent applications, 827 authorized patents and about half invention patents. In the aspect of three electric systems, all the zero-running cars are self-developed, such as electric drive assembly, battery pack and intelligent driver assistance system. The gold content of the zero-run technology does not look high, because the technology of China Tou new energy automobile manufacturers is too strong.
But even the zero run in the second camp can be played very well internationally. The advantage of Stratis lies in internationalization, and it has a strong channel network for the international market. Stratis is the fifth largest car company in the world, formed by the merger of PSA and Fiat Chrysler, and owns ultra-luxury brands: Maserati and Alfa Romeo.
In 2022, Stratis sold 6.34 million vehicles worldwide, only 50,000 vehicles less than Renault-Nissan Alliance, with a total revenue of 179.6 billion euros and a net profit of 16.8 billion euros. Its logo, Citroen, Fiat, Chrysler, DS, Lancia and other brands are not very good in China, but they sell well all over the world. There is a certain disconnect between the China market and the global market, and it is at a critical time node where the old and the new alternate.
China’s new energy automobile industry has been ahead of the world, but the international automobile market is still in the era of fuel vehicles. However, electrification and intelligence are the general trend. Just like the MG brand that went bankrupt 20 years ago and was sold off, it was in the hands of SAIC. With the help of the east wind of electrification, it swept Europe and surpassed Tesali to become the first electric brand in Europe. The domestic starting price of an MG4 is 115,800, but in the EU it costs 28,400 euros, equivalent to 220,000 RMB. Although SAIC’s electric cars don’t sell well in China, they have made a fortune in the EU.
This living case of making a lot of money is in front of us. Can Stratis not be moved? As long as the zero-run car is won, the two sides will form a zero-run international company and put the zero-run electric car on an EU brand. Are you still afraid that it will not sell? Even if you don’t stick to the EU brand and transfer the whole set of zero-running technology to the EU, don’t you have to make money? Electric cars produced at the cost of tens of thousands of dollars are shipped to Europe and sold for more than 200 thousand. How can there be such a good business in the field of fuel vehicles?
Everyone says that zero-run technology is not first-class. Is the technology of MG electric vehicles first-class? Don’t you still kill the European market? What Stratis wants is not only the new energy technology of zero-run cars, but also the complete supply chain of China electric vehicles behind zero-run cars. This supply chain can produce MG4, C11, Citroen, Peugeot, Fiat and other new electric vehicles.
For Atlantis, this is a very cost-effective deal. Zero Run can go to the world with the help of Atlantis, and Atlantis can also exploit the overseas electric vehicle market with the help of China supply chain and China technology. Relying on old Europe is simply unreliable. BMW electric vehicles have handed over 10 billion battery orders to Honeycomb Energy, a subsidiary of Great Wall. Why? Isn’t it because Europe doesn’t have a complete supply chain for electric vehicles?
A 20% stake in Zero Run may not be worth 1.5 billion euros, but the China supply chain behind Zero Run is definitely worth it! This is a win-win cooperation. Dahua group’s equity is reduced, and it is a brand-new big money owner’s father. It can not only live in the domestic market, but also open up overseas markets. Isn’t it fun?
It’s just the European car suppliers.
There are only two electric vehicle manufacturing centers in the world: one is the United States, and the other is China! European car companies want to seize a better position, either tying China or tying the United States. Besides, there is no other choice.
International observation: Russian economy meets challenges in recovery
    Xinhua News Agency, Moscow, January 7th Title: Russian economy meets challenges in recovery.
    Xinhua News Agency reporter Huang He
    Although the impact of the Ukrainian crisis and western sanctions on Russia continues, the Russian economy as a whole showed a recovery momentum in 2023, and the economic growth rate exceeded the expectations of the Russian government and many international institutions. But at the same time, the Russian economy has also exposed some problems and challenges. Analysts predict that the Russian government may take measures this year to promote balanced industrial development, improve production efficiency, and implement a relatively tight monetary policy to curb inflation and promote sustained economic growth.
This is the Kremlin (left) and St. Vassili’s church after the snow in Moscow, Russia, on January 6. (Xinhua News Agency reporter Cao Yangshe)
   Triple factors help economic recovery
    In 2023, the Russian economy showed a recovery momentum. Russian President Vladimir Putin recently summed up the situation of Russia’s economic development in 2023 in the face of the "annual inventory" activities of the media and the public, saying that compared with the 2.1% contraction of gross domestic product (GDP) in 2022, Russia’s GDP is expected to increase by 3.5% in 2023.
    Putin said that in 2023, Russian industrial production is expected to increase by 3.6%, manufacturing industry by 7.5% and investment in fixed assets by 10%. At the same time, the profits of Russian enterprises are expected to increase by 24%, and the wage income of residents is expected to increase by 8%.
    Nikyshina, general manager of the Russian Export Center, told Xinhua that Russia has successfully overcome the pressure of sanctions imposed by the West since last year, and the goal of "the West hopes to crush Russia’s economy and crowd Russia out of the international trade chain through sanctions" has not been realized. "Russia has not been isolated from international trade, but is a very active participant in the world market."
On January 6, in Moscow, the Russian capital, the staff drove a snow removal vehicle to clear the snow on the road. (Xinhua News Agency reporter Cao Yangshe)
    Analysts believe that Russia’s economic growth last year benefited from three aspects. First of all, the relatively stable export income of energy and grain, and the improvement of manufacturing and consumption have provided support for economic growth. The relatively stable export income of energy and grain is an important factor to promote Russian economic growth. At the same time, Russian official data show that about one-third of Russia’s economic growth in 2023 comes from the military-industrial complex and related electronics, computers, optics and other industries.
    Second, financial control measures have been effective. Since last summer, the ruble has been depreciating, and the exchange rate of the US dollar against the ruble has repeatedly exceeded 1 to 100. In this regard, Russia has introduced strict control measures, requiring some export enterprises to carry forward foreign exchange income in the domestic market, and strengthening financial supervision of related enterprises to reduce the volatility of the ruble by regulating foreign exchange liquidity.
    Moreover, Russia has broken through the western blockade in international trade. Since 2023, on the one hand, Russia has vigorously developed trade with "friendly countries", on the other hand, it has actively promoted the use of local currency in international settlement. Russian Prime Minister Dmitry Mishustin said that the trade volume between Russia and "friendly countries" is increasing rapidly in Russia’s total foreign trade. In addition, by the end of 2023, the share of local currency settlement between Russia and other countries is expected to reach 65%.
On January 1, people took the subway New Year train in Moscow, Russia. (Photo by Xinhua News Agency reporter Bai Xueyu)
   Multiple challenges constrain sustained growth
    Russia still faces many risks and challenges to achieve sustained growth. Analysts pointed out that in addition to external sanctions, the Russian economy also faces challenges such as industrial imbalance, inflationary pressure and labor shortage.
    On the one hand, the growth model driven by military production may be difficult to sustain. Last year, the Russian military’s industrial production increased substantially, but the production of civilian products requiring complex technological processing capacity decreased significantly. Analysts believe that the current economic growth model that relies too much on military production is not only unsustainable, but may even further push up inflation.
    On the other hand, the pressure of stabilizing prices, ensuring supply and reducing inflation continues to increase. According to the reporter’s observation, in big cities such as Moscow and St. Petersburg, the supply of fruits, vegetables and meat is still tight or the prices have risen sharply. In order to curb inflation, the Russian central bank recently raised the benchmark interest rate to 16%. Nabiulina, governor of the Russian central bank, said that the fundamental reason for the high inflation is that the current production cannot immediately meet the growing demand.
    Moreover, the shortage of labor will also restrict the sustainable economic growth. At present, the unemployment rate in Russia is at an all-time low of 2.9%. According to "Russian newspaper", the current employment gap in Russian manufacturing industry is 660,000, and the employment gap in agriculture is 200,000. Berenikaya, a macroeconomic analyst at the Russian investment company, said that the labor shortage is related to Russia’s long-standing population problem, as well as the impact of special military operations and national defense production on the labor market.
On December 21, 2023, in Moscow, the Russian capital, people hugged under the New Year fir tree. Xinhua News Agency (photo by Alexander)
   Multiple measures to stabilize economic operation
    Considering that many unfavorable factors may inhibit the economic growth momentum, Russia’s economic growth rate may slow down this year. The Russian central bank predicts that the Russian economic growth rate will be between 0.5% and 1.5% in 2024.
    Analysts predict that the focus of the Russian government’s economic policy in 2024 will be to promote balanced industrial development, improve production efficiency, and at the same time cooperate with relatively tight monetary policy to curb inflation. In order to promote economic growth, in 2024, the Russian government is expected to increase efforts to support enterprises to invest in production, develop new technologies and strengthen personnel training.
    Maxim Oreshkin, adviser to the Russian President, said that improving the level of production automation is one of the top priorities of the Russian government in the future, and "high-quality talents and automation are two key factors that determine the long-term development level of the Russian economy".
    The Russian central bank recently predicted that by the end of 2023, Russia’s inflation level will be between 7% and 7.5%, far exceeding the target level of 4%. The Russian government hopes that the inflation rate will fall back to 4% to 4.5% by the end of 2024. Nabiulina said, "This means that we will maintain a tight monetary policy for a long time to come."