determine – Spress

“Crazy” Motorcycles 丨 The midfield melee, the car and sea tactics are difficult to determine

editor — Sat, 26 Jun 2021 12:50:05 +0000

In the black humorous comedy movie “Crazy Racing”, after losing the gold medal inexplicably, the hapless professional cyclist Geng Hao took his master who was pissed out of cerebral thrombosis into a small black room and plunged into a bleak life. Later, in order to let the deceased master leave the world with dignity, Geng Hao became a thief by mistake, eventually strayed into the racing track and became the craziest racer, and accidentally won the championship trophy that originally belonged to him. There are 5 stories and 6 groups of characters in the film. Although each group of characters has different personalities and ways of doing things, they all have the same direction: in order to achieve the goal, they all used their best and staged a chaotic good show. In the field of two-wheeled electric vehicles in China, a melee is also staged, and players from all walks of life compete wildly. In the past ten years, Yadi (01585.HK), Emma (603529.SH) and Xinri (603787.SH) three “racing drivers” have changed their strengths. The track fell off the chain halfway. With the passage of time, Yadea has now grown into a leader in the field of two-wheeled electric vehicles. Emma has followed closely. Xinri has its own abacus, while the Mavericks (NIU) will be the “Tesla” of two-wheeled electric vehicles. New forces on the two-wheeled tram are also about to move. Behind this battle of the heroes is a midfield battle with a scale of hundreds of billions. In the future, who can quell the war by himself and become the “bicycle” of the two-wheeled electric car industry, leaving a lot of suspense in the market. In “Crazy Racing”, a policeman sat in a police car and aimed a gun at Geng Hao and said: Your two wheels may not run past our four wheels. But in the capital market, two wheels may not be better than four wheels, or even faster than four wheels! From the beginning of 2020 to the present (June 23), the stock prices of Yadea, Mavericks, Xinri and Emma, which have just been listed, have soared 7 times, 2.8 times, 1.2 times and 1.3 times respectively. “Car-Sea Tactics” Create Crazy Sales In fact, before 2014, the domestic two-wheeled electric vehicle market was not favored by capital. The reason is simple. Although the market is growing fast, there are crowds of disruptors, and the strengths are uneven. No one can smile and talk about profits in the face of cruel price wars. Since 2014, the market for two-wheeled electric vehicles has begun to change, from a battle of hundreds of groups to a melee of several parties, and the industry has gradually entered a mature stage. At that time, the market gradually became saturated, and the polarization of participants began to intensify. Brands with good car quality, guaranteed batteries, good performance, and affordable prices were favored by consumers, and brands with insufficient competitiveness fell one after another. The market growth rate is declining, and the industry is mixed. How should companies face growth difficulties? To survive, and to live well, there is an urgent need for companies to have strong management, stable cash flow, and skillful technology. As a result, 2014 became a watershed in the domestic two-wheeled electric vehicle industry. In 2014, Li Yinan, a genius young man who used to be Huawei’s vice president, “does not follow the routine” and established Mavericks that year, launching an impact on traditional electric brands with new technologies and new concepts. At the same time, Yadea and Emma upgraded their business battles, focusing on single product performance; in 2015, Yadea embarked on a “high-end strategy”, and after launching in 2016, it will be fully engaged in R&D, production and sales. Emma was quickly surpassed by Yadea due to internal conflicts and blocked listings. Since 2018, it has gradually exerted its efforts to increase its marketing and sales terminals and maintain its leading position in the industry. In recent years, Xinri has maintained its position in the industry with the help of smart concepts and emerging consumption scenarios such as food delivery. These top companies can stand out in the industry’s hundred-team battle, and they all have the same characteristics. When the industry is in a downturn, they can expand their brand influence through technology, channels and other fields, and eat the market share of the companies that withdraw from the market. The listing is a competitive weapon for these companies, and the expansion of production capacity and the laying of sales networks have directly become the strongholds of small and medium-sized enterprises. In April 2019, the official implementation of the new national standard for two-wheeled electric vehicles, coupled with the acceleration of the earlier industry standards for lithium-ion electric vehicles, has two major benefits for leading companies: 1. The industry threshold has increased, and small and medium-sized enterprises with insufficient technical strength and cash flow are obviously unable to compete head-on with leading companies, leading to their collapse and increasing industry concentration; 2. The market demand for car replacement has been concentrated, and the superimposed epidemic situation has promoted the wave of car purchases, which is conducive to the deepening of the market penetration of leading companies. After dying Xiaoxiami, the leading companies finally waited for the carnival years to win by quantity and use “car and sea tactics” to carve up the world across the country! Therefore, it can be seen that in recent years, the “arsenal” (new production capacity) of several leading companies has continued to expand, and new production bases are also in full swing. At the same time, sales outlets act as “fortresses”, and Yadi and Emma have expanded their township layouts to reach rural consumer groups more widely. Among them, Yadi is the most conspicuous. At the end of 2020, the company has 2,955 distributors, an increase of 1,130 from 2017, which has accelerated the channel sinking in the country’s township regions. Emma has also been actively optimizing its distribution network in recent years, sinking to townships in populous provinces such as Henan and Sichuan to meet Yadi. At the same time, Emma has added new production lines every year, and the annual new production capacity will be close to 3 million from 2018 to 2020, and the factory will be fully engaged in production. Taiwan Bell’s late-comer advantages should not be underestimated. It has 9 production bases with an annual production capacity of more than 10 million vehicles. The previous goal was to sprint sales of 5 million vehicles in 2020, and its production capacity has greatly exceeded its terminal sales. Facts have proved that the “che-hai tactic” is very effective in the two-wheeled electric vehicle market, and the battle situation continues to lean towards the leading enterprises. As you can see in the above picture, in 2019, when the new national standard was launched, the sales of Yadi, Emma and Xinri increased rapidly; sales in 2020 will be like riding on a rocket, and the sales of the three will reach 10.8 million, 7.96 million and respectively. 2.55 million vehicles. Sales of the “exquisite” Mavericks have also grown steadily, reaching 600,000 vehicles in 2020. In 2020, the cumulative sales of Yadi, Emma and Xinri accounted for just over 50% of the national total, and this value was 31.7% in 2017. The rate of increase in market concentration is obvious. The great mountains and rivers of two-wheel electric vehicles still have “mines” to be dug, and the leading companies obviously will not regress because of this. Therefore, they have formulated a strategic policy of expanding ambitions: in 2021, the sales of Yadi, Emma, Tailing and Mavericks The targets are 16 million vehicles, 16-18 million vehicles, and 10 million vehicles, respectively, a substantial increase of 48%, 101%-126%, 200% (estimated) and 50%-83% compared to 2020. Time will witness naked swimmers In the era of mobile phone melee 10 years ago, mobile phones of brands such as Gionee, LeTV, and Nokia fell due to various reasons such as financial chain crisis, debt crisis, and technological backwardness, while brands such as Huawei, Xiaomi, and OPPO took advantage of technological advantages, channel advantages, cost performance, and individuality. Tactics such as change have taken a place in the era of smartphones. At present, there are about 10 large-scale enterprises in the two-wheel electric vehicle market in my country. The management of Xinri has stated that the market will only allow 3-5 enterprises to exist in the future. In a rapidly changing market, being able to stay and live well is a test of the inherent strength and wisdom of industry participants. At present, two factors are restricting the survival and development of two-wheeled electric vehicle head enterprises. 1. The price war has caused the industry’s internal volume, and the industry needs new strategic traction. Although the industry concentration has increased in recent years, the price war is still not over. In order to replenish sales, all participants have exchanged prices for volume and invested heavily in marketing, resulting in extremely low profits for a single vehicle in the entire industry. In 2020, the price of Yadi and Emma bicycle flats will be 1335 yuan/unit and 1597 yuan/unit respectively, and the net profit of a single bike will be as low as 88.6 yuan/unit and 76.6 yuan/unit respectively. Selling more than 1,000 yuan of products, the net profit obtained is only a few dozen yuan, which shows how fierce the price war is. During the year, the net profit margins of the two were only 4.9% and 4.6% respectively. For this reason, Dong Jinggui, the founder of Yadi, believes that “price wars have no future. Yadi needs new strategic traction. The core is technology investment and high-end brand.” Yadi adjusted the development vane and launched a “higher-end strategy”. A real expedition, with all efforts in battery, raw materials, product development, “new species” and so on. Its graphene battery can run 90-120 kilometers; the TTFAR7-level extended range system’s Guanneng series came out last year; it launched super core technologies such as the super fast charging ecosystem and smart wireless charging; it was also jointly established with the Great Yangtze River Group in May this year. Love to change”, aiming at the battery swap market of two-wheeled electric vehicles… In addition to Yadi, Emma, Xinri, Mavericks and other companies have also shown their “trump cards” in order to find their own position in the fierce market environment and find differentiated competitiveness to break through the bottleneck of industry development. 2. The wolf is coming. There are so many beautiful people, because countless heroes competed. The two-wheel electric vehicle market is huge, and the rise of carbon neutrality, food delivery, express delivery, and shared travel has given the industry a dose of stimulant, which has caused capital disruption and re-adjusted the supply and demand relationship of two-wheel electric vehicles. Among them, the most worthy of two-wheeled electric vehicles is the new force of two-wheeled car building-Ha Jianluo = 刂 Liang Nang At the end of March, there are 1,400 franchise stores in 100 cities in Hajang Zhai that exclusively sell Haren Niao> Xun’s Chen Sheng Kegading Road Huanpo Nuo Ye Jun Rake 2,000 “, and opened a number of new stores on platforms such as JD.com, Taobao and Pinduoduo, and completed the construction of online and offline channels. From the number of franchise stores and stores Look, Ha Jin, Zhai Quanwu I Xian Yan Xing Pirates τ Xuan Nuo Shrimp Bucket Han Wei buys 狻 In addition, travel platforms such as Meituan, Didi Qingju, and Songguo Travel also flooded the track. For a large number of C-end consumers, the popularity of shared motorcycles will reduce their willingness to buy electric vehicle products, which in turn will affect the passenger flow of two-wheeled electric vehicle dealerships. Capital tycoons such as Xiaomi’s ecological chain enterprise No. 9 electric car and CATL (300750.SZ) have also entered the two-wheeled electric car market. The entry of new players has also brought new gameplay to the two-wheeled electric vehicle market. In the field of lithium batteries, it is the strategic mainstream for new players. At the same time, these players are constantly exploring new areas such as battery replacement, fast charging, and intelligence.For example, in the field of battery replacement, the easy-motor e-replacement, the easy-riding replacement, and the change of Haozheng swollen and swollen mouth ⑷ invades the scorpion badly. Therefore, traditional two-wheeled electric vehicle companies are facing a new wave of competition. The newcomers in the industry have their own magical powers, and they are often backed by capital and resource advantages. Traditional manufacturers such as Yadi and Emma who pursue sales with “car-sea tactics” must accept the frontal challenges of the new forces. How should they build their own copper walls and iron walls? How can they find a more spacious way out of barbaric growth? It is worth investigating further. Author: Yuanyuan Author|Remote Edit | lala

National Standing Committee: Determine the policy of accelerating the development of affordable rental housing

editor — Wed, 23 Jun 2021 01:38:09 +0000

“With the acceleration of the urbanization process and the expansion of the floating population, the housing difficulties of new citizens and young people such as migrant workers and newly employed college students have become increasingly prominent.” Premier Li Keqiang said at the State Council executive meeting on June 18. , “We must accelerate the development of affordable rental housing to better guarantee the basic housing needs of these groups.”

The meeting is confirmed on the day Accelerate the development of affordable rental housing policies to alleviate housing difficulties for groups such as new citizens and young people.
Li Keqiang pointed out that vigorously developing affordable rental housing is an important measure to improve the housing security system.
“Practice has proved that over the years, the promotion of large-scale shantytown renovation and other affordable housing measures has not only improved the living conditions of people with housing difficulties, but also played a positive role in promoting the stable and healthy development of the real estate market.” The Prime Minister said.
Li Keqiang said that accelerating the development of affordable rental housing will strongly support the healthy development of urbanization. He clearly requested that the main responsibility of the city government should be implemented, market forces should be encouraged to participate, financial support should be strengthened, and the supply of small-sized affordable rental housing with rents below the market level should be increased.
At the meeting, it was determined that large cities with net population influx can use collective operating construction land and enterprises and institutions’ own land to construct affordable rental housing, and allow the conversion of idle and inefficiently used commercial office buildings and factories as guarantees. Sexual rental housing. From October 1st, housing leasing companies will apply the simple tax calculation method for renting houses to individuals, and pay VAT at a rate of 5% and 1.5%; for enterprises, institutions, etc., renting houses to individuals and specialized large-scale housing leasing companies , Real estate tax is levied at a reduced rate of 4%.

Background ratings at a glance How creditworthy are which countries? Credit ratings from the rating agencies help determine the interest rates at which a state can borrow money. How do Moody’s, Fitch and Standard & Poor’s rate the countries in the euro zone and other states?

editor — Mon, 21 Jun 2021 11:37:11 +0000

background

Ratings at a glance How creditworthy are which countries?

Status: 15.06.2021 01:05 p.m. Credit ratings from the major US rating agencies help determine the interest rates at which a state can borrow money. How do Moody’s, Fitch and Standard & Poor’s rate the creditworthiness of the countries in the eurozone and other countries? Who gets the top grade, the “Triple-A”? An overview of the current credit ratings from Belgium to Cyprus.

The notes of the euro countries
	S & P	Moody’s	Fitch
Belgium	AA	Aa3	AA-
Germany	AAA	Aaa	AAA
Estonia	AA-	A1	AA-
Finland	AA +	Aa1	AA +
France	AA	Aa2	AA
Greece	BB	Ba3	BB
Ireland	AA-	A2	A +
Italy	BBB	Baa3	BBB-
Latvia	A +	A3	A-
Lithuania	A +	A2	A.
Luxembourg	AAA	Aaa	AAA
Malta	A-	A2	A +
Netherlands	AAA	Aaa	AAA
Austria	AA +	Aa1	AA +
Portugal	BBB	Baa3	BBB
Slovakia	A +	A2	A.
Slovenia	AA-	A3	A.
Spain	A.	Baa1	A-
Cyprus	BBB-	Ba2	BBB-

Source: rating agencies / as of June 15, 2021

The notes of other states
	S & P	Moody’s	Fitch
United States	AA +	Aaa	AAA
Japan	A +	A1	A.
Great Britain	AA	Aa3	AA-
Switzerland	AAA	Aaa	AAA
Russia	BBB-	Baa3	BBB
China	A +	A1	A +

Source: rating agencies / as of June 15, 2021

background 07/14/2011

From triple A to D Rating agencies and their ratings You decide who gets a loan and under what conditions: The rating agencies – above all S & P, Moody’s and Fitch – assess the creditworthiness of states and companies.

Investigation report Bezos, Musk and Co. hardly paid taxes A new report reveals that the richest Americans hardly pay any income tax – among them Amazon founder Bezos and Tesla boss Musk. The tax authority wants to determine how the confidential data became public. By T. Teichmann.

editor — Wed, 16 Jun 2021 06:24:11 +0000

Disclosure report Bezos, Musk and Co. hardly paid any taxes

As of: 06/09/2021 05:04 a.m.

A new report reveals that the richest Americans hardly pay any income tax – among them Amazon founder Bezos and Tesla boss Musk. The tax authority wants to determine how the confidential data became public. By Torsten Teichmann, ARD studio Washington In 2007, multibillionaire Jeff Bezos didn’t pay a dime in US income tax. In 2011, too, the Amazon founder offset his income against losses so much that the US tax authority IRS granted him an income-related child allowance of 4,000 US dollars. This had often been speculated about. But now the numbers are known. The foundation for investigative journalism ProPublica quotes from Bezos tax return. These tax tricks are not illegal. But the network of loopholes and discounts remains denied to most Americans due to lack of assets. They move from salary to salary, as US President Joe Biden complains time and again: “Sometimes I argue with friends in the Democratic Party about it: It’s okay to be a billionaire or a millionaire, but pay your fair share.”

What tax amounts are fair for the rich?

But how much should the top 0.01 percent in the US contribute financially to society? There is a dispute about this. The ProPublica report rekindles this debate. The foundation has obtained official tax documents from thousands of the richest Americans, says the journalist Jesse Eisinger involved in the NPR radio station. They cover a period of 15 years. ProPublica initially refers to the reported income from the tax returns of the 25 richest Americans and the increase in wealth over the period that is not taxed. In addition to Bezos, Tesla founder Elon Musk, Facebook boss Mark Zuckerberg and New York’s ex-Mayor Michael Bloomberg will be there.

If we look at the actual tax on capital growth – which is essentially your income – then its tax rate is 3.4 percent. For people like Jeff Bezos or Warren Buffet, it’s even less.

Far from the top tax rate of 37 percent

The investor Warren Buffet paid 0.1 percent tax on income and asset growth between 2014 and 2018, ProPublica calculates. At Bezos it is just under one percent. Americans pay an average of 14 percent income tax. The top tax rate would be 37 percent. America’s billionaires are far from that. The Biden administration reacted cautiously to the findings. Any unauthorized publication of government documents is against the law, said Biden’s spokeswoman Jen Psaki. The Ministry of Finance is trying to clarify how the tax returns have come to the public.

Generally speaking, we know that more needs to be done to ensure that businesses and high-income citizens do more of their fair share. This is what the President says in his proposals, in his budget, and this is how he wants to pay for his proposals. A government proposal provides for higher taxes for households with an annual income of more than $ 400,000. According to the ProPublica report, however, it is completely unclear whether a corresponding reform will generate additional income as long as the loopholes in the tax laws of the USA are not closed.

Endogenous resources determine the sustainable development of the Capital

Võ Lâm - Ảnh: Viết Thành — Fri, 23 Apr 2021 10:22:13 +0000

On the morning of April 23, information about Program No. 06-CTr / TU at the online conference key staff to study, research, thoroughly grasp and propagate 10 working programs of Hanoi City Party Committee, term XVII, Deputy Party Secretary Nguyen Van Phong said: The city clearly defines the cultural development, building the elegant and civilized Hanoi people to really become great spiritual values, the strength and endogenous resources. in determining the sustainable development of the Capital. This is a new point of view of the City Party Committee.

Hanoi Deputy Secretary of the Party Committee Nguyen Van Phong introduced the program 06-CTr / TU at the conference. Arousing pride and love in Hanoi According to comrade Nguyen Van Phong, Program No. 06-CTr / TU on “Cultural development; improve the quality of human resources; building elegant and civilized Hanoi people in the period of 2021-2025 ”with the inheritance and development on the basis of the Program No. 04-CTr / TU of the Party Committee of Session XVI on” Socio-cultural development, high quality human resources of the Capital, building an elegant and civilized Hanoi ”. In the 2015-2020 term, implementing Program No. 04-CTr / TU, cultural development, improving the quality of human resources, building elegant and civilized Hanoi people have made positive changes. as capital investment for cultural development has increased by 30% compared with the previous term. Hanoi continues to lead the country in education and training, the rate of national standard schools reaching 75%, completed 2 years early compared to the plan … However, the results in all three areas mentioned above still have limitations that need to be overcome. In which, the system of cultural and sport institutions at all levels is lacking and synchronous. Literature – art has not fully mobilized the creative potential and enthusiasm of the contingent of intellectuals – writers and artists. The effectiveness of educating school ethics, lifestyle and civilized behavior at all levels is limited at times and in some places. The quality of vocational training, especially for rural workers, has not yet met the requirements of the labor market. The implementation of code of conduct in public service of cadres, civil servants and public employees is still limited. A part of the people is not aware of the importance of building the cultural image and people of Hanoi. Behavioral culture of people in the family and in public places has changed unevenly and unsustainably … Program No. 06-Ctr / TU was built both to overcome the above limitations and to implement important goals in the new period. In which, the city is determined to develop the culture and people of Hanoi on the basis of promoting the tradition of thousand years of culture of Thang Long – Hanoi; The city for peace, the city that creates and absorbs the cultural essence of humanity. In particular, Hanoi clearly identifies cultural development, building elegant and civilized Hanoi people is an important and regular task of the entire political system; really becomes a great spiritual value, an important endogenous strength and resource that determines the sustainable development of the Capital. “The highlight of the program’s goal is to build an elegant, civilized, comprehensively developed Hanoian, respecting the law; especially arousing pride, love of Hanoi and the will and aspiration to rise of the people of the capital “, comrade Nguyen Van Phong said. The mission of the whole political system, the responsibility of each citizen Conference scene. To concretize the goals, the Hanoi City Party Committee set out 18 targets according to 7 groups and 3 requirements in Program No. 06-CTr / TU. Notably, Hanoi strives to have 70-73% of agencies, units and enterprises recognized to meet cultural standards annually (based on the total number of registrations); 100% of villages and villages have cultural houses; the rate of people participating in regular exercise and sports will reach 42.5% or more; the rate of households meeting the standards of sports families or more reaches 31% or more; Contributing 30% of the force of coaches, athletes and medal achievements to the Vietnamese sports delegation at regional competitions … The city also strives, the rate of public schools meeting national standards reaches from 80 to 85%; build 3-5 more inter-level schools on a par with other countries in the region … Deputy Secretary of the Party Committee Nguyen Van Phong said that in order to achieve the above objectives and targets, the Hanoi City Party Committee set out 14 tasks and 6 groups of solutions. In particular, the City Party Committee determined that building and developing culture was an important and frequent task of the whole political system; Focus on building culture from within the Party, in the apparatus of the state; building elegant, civilized Hanoi people, comprehensively developing, forming a cultural value system in line with modern trends associated with promoting deep cultural values of Thang Long – Hanoi … Cultural development, building people is a common cause with important responsibilities of each citizen. Deputy Secretary of the City Party Committee Nguyen Van Phong affirmed that the city was determined to give priority to investment from the city budget for cultural development, improving the quality of human resources, building elegant and civilized Hanoi people; implement actively and effectively socialize investment in the fields of culture and sports; remove difficulties for projects that have been and are being implemented; building a list of calling for investment from all economic sectors at home and abroad; increasing resources for cultural development commensurate with the capital’s economic growth and development … An important solution in Program No. 06-CTr / TU is the need to amend, supplement and promulgate specific mechanisms in the fields of heritage, arts, grassroots culture, physical training, sports, and education. …, Meeting the development requirements in the new phase; building coordination and linkage mechanism among departments, branches, districts, towns; have a mode of integrating and integrating the tasks of establishments, departments and branches with the task of cultural development, improving the quality of human resources, building elegant and civilized Hanoi people …